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Juliashantal

Juliashantal

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2021-06-05

Amen to that!!! I hv hopes for u!

@The knights:$NIO Inc.(NIO)$It’s time to fly with Nio. I am surethat the stock will climb towards the $40 mark within next few days. The new models of Nio will sell like hot cakes and this will be the next upsidethat we see over coming year ahead.

2021-05-25

Huh!?! I thought corrections since January!!!!

抱歉，原内容已删除

2021-05-20

Why Elon ? Why are u doing this to yourself? To expand market cap? Hmmmmm

Why is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say

2021-05-14

Are they trying to get rid of cathie wood?

抱歉，原内容已删除

2021-05-08

Wah grow grow

Apple Vs. Tesla Stock: Which Is A Buy Now

2021-05-05

Go go 🚀 Crypto not manipulated like stocks !

Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021

2021-05-01

Who is he? Lol

TikTok names ByteDance CFO Shouzi Chew as new CEO

2021-04-27

Pls go up! $100 by end year

NIO Stock Is Suddenly on Fire. This Is Why.

2021-04-20

Hold for life

Should You Buy Apple Stock Before Next Apple Event?

2021-04-19

What r u talking abt? My stocks are down !

抱歉，原内容已删除

2021-04-17

Can u merge faster? Aiyo end june

2021-04-16

Finally some good news

Einhorn: "The Market Is Fractured And In The Process Of Breaking Completely"

2021-04-15

Voo never failed me

2021-04-14

Expc u must not fail

Some SPACs Could Fail Outright, Research Is Paramount: Cathie Wood

2021-04-09

Hmmm but some accredited investors still invest similar stocks like Tesla and some Chinese stocks too..... only time will tell...

ARKK's $50 Billion Problem

2021-04-09

Hmmm but some accredited investors still invest similar stocks like Tesla and some Chinese stocks too..... only time will tell...

ARKK's $50 Billion Problem

2021-04-02

Biden just on board he will not make it crash, butend of the year 2021 we need to be careful.

How Likely Is a Stock Market Crash?

2021-03-30

Wow

抱歉，原内容已删除

2021-03-26

Pls let it grow already! Don’t be jealous of Chamath and those who bought Bitcoin long time ago.... I prophesied btc will grow $286k end year 2021

抱歉，原内容已删除

2021-03-26

Baby Nio u must 真气. U r the Chinese proud! 加油

抱歉，原内容已删除

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I hv hopes for u!&nbsp;","listText":"Amen to that!!! I hv hopes for u!&nbsp;","text":"Amen to that!!! I hv hopes for u!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/112214599","repostId":"132600882","repostType":1,"repost":{"id":132600882,"gmtCreate":1622082610146,"gmtModify":1622082785390,"author":{"id":"3570437600969291","authorId":"3570437600969291","name":"The knights","avatar":"https://static.tigerbbs.com/75dcd9b9c7a6f69cb6e3d99df5c339df","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570437600969291","authorIdStr":"3570437600969291"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>It’s time to fly with Nio. I am surethat the stock will climb towards the $40 mark &nbsp; &nbsp;within next few days. The new models of Nio will sell like hot cakes and this will be the next upsidethat we see over coming year ahead.","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>It’s time to fly with Nio. I am surethat the stock will climb towards the $40 mark &nbsp; &nbsp;within next few days. The new models of Nio will sell like hot cakes and this will be the next upsidethat we see over coming year ahead.","text":"$NIO Inc.(NIO)$It’s time to fly with Nio. I am surethat the stock will climb towards the $40 mark within next few days. The new models of Nio will sell like hot cakes and this will be the next upsidethat we see over coming year ahead.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/132600882","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138435180,"gmtCreate":1621953045240,"gmtModify":1634185179835,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Huh!?! I thought corrections since January!!!!","listText":"Huh!?! I thought corrections since January!!!!","text":"Huh!?! I thought corrections since January!!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138435180","repostId":"1129531793","repostType":4,"isVote":1,"tweetType":1,"viewCount":330,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197780457,"gmtCreate":1621486025679,"gmtModify":1634188740719,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Why Elon ? Why are u doing this to yourself? To expand market cap? Hmmmmm","listText":"Why Elon ? Why are u doing this to yourself? To expand market cap? Hmmmmm","text":"Why Elon ? Why are u doing this to yourself? To expand market cap? Hmmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/197780457","repostId":"2136866946","repostType":4,"repost":{"id":"2136866946","kind":"highlight","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":1621481700,"share":"https://www.laohu8.com/m/news/2136866946?lang=&edition=full","pubTime":"2021-05-20 11:35","market":"us","language":"en","title":"Why is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say","url":"https://stock-news.laohu8.com/highlight/detail?id=2136866946","media":"Dow Jones","summary":"Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the worl","content":"<p>Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.</p><p>At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.</p><p>Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.</p><p>When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.</p><p>Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .</p><p>The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&amp;P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.</p><p><b>Why is bitcoin crashing?</b></p><p>Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.</p><p>Its current slump isn't pegged to <a href=\"https://laohu8.com/S/AONE\">one</a> single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.</p><p>Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> until the crypto becomes more environmentally friendly.</p><p>Musk had been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.</p><p>Separately, analysts at JPMorgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a>, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.</p><p>\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.</p><p>Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.</p><p>Complicating matters, some crypto trading platforms, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a>, experienced outages that appeared to help put further pressure on prices.</p><p>A spokeswoman for Coinbase said that the company's trading problems have since been resolved.</p><p><b>Will bitcoin prices recover?</b></p><p>Bitcoin and crypto are inherently volatile.</p><p>That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.</p><p>Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.</p><p><img src=\"https://static.tigerbbs.com/3a9b524aebc2782da130debec2184082\" tg-width=\"936\" tg-height=\"204\"></p><p>\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.</p><p>To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.</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>Why is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say</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\">\nWhy is crypto crashing? Will bitcoin prices ever recover? Here's what traders and investors say\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\">2021-05-20 11:35</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.</p><p>At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.</p><p>Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.</p><p>When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.</p><p>Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .</p><p>The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&amp;P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.</p><p><b>Why is bitcoin crashing?</b></p><p>Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.</p><p>Its current slump isn't pegged to <a href=\"https://laohu8.com/S/AONE\">one</a> single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.</p><p>Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> until the crypto becomes more environmentally friendly.</p><p>Musk had been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.</p><p>Separately, analysts at JPMorgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a>, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.</p><p>\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.</p><p>Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.</p><p>Complicating matters, some crypto trading platforms, including Coinbase Global <a href=\"https://laohu8.com/S/COIN\">$(COIN)$</a>, experienced outages that appeared to help put further pressure on prices.</p><p>A spokeswoman for Coinbase said that the company's trading problems have since been resolved.</p><p><b>Will bitcoin prices recover?</b></p><p>Bitcoin and crypto are inherently volatile.</p><p>That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.</p><p>Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.</p><p><img src=\"https://static.tigerbbs.com/3a9b524aebc2782da130debec2184082\" tg-width=\"936\" tg-height=\"204\"></p><p>\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.</p><p>To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","TSLA":"特斯拉","JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136866946","content_text":"Bitcoin sold off sharply Wednesday. The slump represented an acceleration of a downtrend in the world's No. 1 crypto that had begun over the past 10 days or so, investors and industry specialists told MarketWatch.At last check, bitcoin prices  were changing hands at $38,732,56 on CoinDesk, which is actually a remarkable feat since it touched a session low of $30,201.96 before bouncing back.Prices of Ether  on the ethereum blockchain were off 22% at $2,608.84 after touching an intraday nadir at 1,902.08, and dogecoin  was off 25%, changing hands at 35.8 cents.When bitcoin sneezes the rest of the crypto complex catches a cold because the dominant digital asset has increasingly become a gauge of sentiment not just in nonconventional markets but as a measure of risk appetite more broadly.Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com .The stock market also saw substantial selling on the day, which abated somewhat by the closing bell. The Dow Jones Industrial Average , the S&P 500 index  and the Nasdaq Composite Index  suffered a third straight day of losses.Why is bitcoin crashing?Don't call it a crash. Bitcoin is falling, but its an asset known for volatile periods.Its current slump isn't pegged to one single event or piece of news but was instead being blamed on fear, uncertainty and doubt, or FUD, in the parlance of crypto traders. Fear, at least partly, centered on China's digital-asset policy. The People's Republic was reportedly cracking down in the use of digital assets. For veteran crypto investors, such reports aren't new.Meanwhile, bearish tweets from crypto enthusiast Elon Musk were also credited with tanking the crypto complex. Musk said earlier this month that he would no longer allow bitcoin to be used for payment at electric-vehicle maker Tesla $(TSLA)$ until the crypto becomes more environmentally friendly.Musk had been one of the key reasons that crypto broadly had been on an uptrend, with his tweets on meme coin dogecoin and bitcoin supporting an uptrend in those assets.Separately, analysts at JPMorgan Chase & Co. $(JPM)$, including Nikolaos Panigirtzoglou, make the case that investors in bitcoin were shifting to gold futures , which coincidentally has been seeing steady climbs in recent trade.\"Institutional investors appear to be shifting away from bitcoin and back into traditional gold,\" they wrote.Market participants told MarketWatch that Wednesday's losses also were being amplified by the use of leverage which was forcing margin calls at some crypto trading platforms.Complicating matters, some crypto trading platforms, including Coinbase Global $(COIN)$, experienced outages that appeared to help put further pressure on prices.A spokeswoman for Coinbase said that the company's trading problems have since been resolved.Will bitcoin prices recover?Bitcoin and crypto are inherently volatile.That said, bullish investors are advocating that long-term investors stay the course  or review their original investment thesis before dumping crypto holdings.Over the course of the past 11 years, bitcoin has seen more than 750 instances where prices saw a daily change of 5% or greater, more than 230 instances in which it swung by at least 10% and nearly 50 times that it has moved by at least 20%, according to Dow Jones Market Data.\"Correction in the cryptocurrency market is a common phenomenon. It doesn't mean, however, that a bear market is under way,\" wrote Konstantin Boyko-Romanovsky, CEO and founder of Allnodes, in emailed comments.To be sure, past performance is no guarantee of future results but that is what bullish investors tend to hang their hats on when they advocate for long-term ownership of bitcoin and its ilk.","news_type":1},"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198659519,"gmtCreate":1620957054831,"gmtModify":1634194976672,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Are they trying to get rid of cathie wood?","listText":"Are they trying to get rid of cathie wood?","text":"Are they trying to get rid of cathie wood?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/198659519","repostId":"2135607645","repostType":2,"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107377172,"gmtCreate":1620448656696,"gmtModify":1634198659652,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Wah grow grow&nbsp;","listText":"Wah grow grow&nbsp;","text":"Wah grow grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/107377172","repostId":"1117135949","repostType":4,"repost":{"id":"1117135949","kind":"news","pubTimestamp":1620444564,"share":"https://www.laohu8.com/m/news/1117135949?lang=&edition=full","pubTime":"2021-05-08 11:29","market":"us","language":"en","title":"Apple Vs. Tesla Stock: Which Is A Buy Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1117135949","media":"seekingalpha","summary":"After Apple confirmed its EV ambitions, investors began to compare its valuation metrics with Tesla.Apple certainly looks cheap and, I believe, could be described as a screaming buy. However, in comparison, it doesn't necessarily follow that Tesla stock is expensive.The quant ratings for AAPL and TSLA reveal some interesting data which I will share in this article.Quarterly fluctuations could obfuscate the true potential of Tesla and make investors lose track of its long-term story.Apple Inc.  a","content":"<p><b>Summary</b></p><ul><li>After Apple confirmed its EV ambitions, investors began to compare its valuation metrics with Tesla.</li><li>Apple certainly looks cheap and, I believe, could be described as a screaming buy. However, in comparison, it doesn't necessarily follow that Tesla stock is expensive.</li><li>The quant ratings for AAPL and TSLA reveal some interesting data which I will share in this article.</li><li>Quarterly fluctuations&nbsp;could obfuscate the true potential of Tesla and make investors lose track of its long-term story.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49a4622a8f86f15edd3081862ef92746\" tg-width=\"768\" tg-height=\"512\" referrerpolicy=\"no-referrer\"><span>Photo by Radiomoscow/iStock via Getty ImagesArticle motivation</span></p><p>Apple Inc. (AAPL) and Tesla Inc. (TSLA) seem as contrasting as treacle and water whether we are comparing their business models or the stock. However, after Apple confirmed that it was indeed working tolaunch a carin three to six years, market players have begun to speak about the two tech titans in the same breath.</p><p>In this article, I will compare the valuations of Apple and Tesla as well as discuss their respective stock performance. I will also discuss the suitability of AAPL and TSLA to different types of long-term investors.</p><p><b>Valuation comparison of Apple and Tesla</b></p><p>From the trough in March 2020 following the market panic over the COVID-19 outbreak, Tesla stock climbed more than 1000 percent higher by January this year. After the swoon in March, TSLA is still up over 800 percent, far outperforming Apple stock which had<i>merely</i>doubled in the same period.</p><p>Judging by the percentage returns, TSLA is the undisputed champion over AAPL. However, it's important to note that more than $1 trillion in market capitalization was added to Apple since mid-March of last year, while Tesla scored a smaller increase of $582 million.</p><p>At its current market cap of $648.9 billion, Tesla, Inc. is less than one-third the size of Apple, Inc. Despite the massive media attention it receives and the outsized influence its chief executive officer Elon Musk has on the investing community, Tesla only has 72 percent of the market cap of social media giant Facebook (FB).</p><p>In other words, while Apple stock has broken the psychological market cap of both one trillion and two trillion dollars, Tesla stock is still some distance from being \"obstructed\" by the first trillion-barrier. Considering that TSLA had in January surpassed FB stock in terms of market cap, should that happen again, we could see it potentially breaching the one trillion dollars level for the first time.</p><p>Critics could argue that would bring Tesla's price-to-earnings (P/E) ratio to above a thousand times, a mind-boggling number in itself. In contrast, Apple's P/E ratio is currently at 28.7 times, a paltry number in comparison. However, for much of TSLA's trading history, the stock didn't even have a P/E ratio to speak of, as the company was not profitable for many years. Yet, the lack of a P/E ratio did not deter investors from piling in.</p><p>Based on the price-to-sales ratio, if Tesla Inc. reclaims the 30 times record achieved in January, its market cap would indeed be within reach of the one trillion dollar mark, coming at around $930 million. At the same time, comparing Apple with Tesla, the former certainly looks \"cheap\" and could be described as a \"screaming buy\". I have made the description in quotations as that can be said of many stocks when compared with Tesla.</p><p><img src=\"https://static.tigerbbs.com/0237824d55d08bcaac64f42aca9d9863\" tg-width=\"640\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p><p>Hence, it's more instructive to compare Apple Inc. with itself. In the past 10 years, its P/E ratio is an average of 17 times. The current P/E of 29 times is, thus, a leap over the historical average, even though it has come off the recent peaks of over 40 times in the past year.</p><p>For those who look beyond the income statements and into the cash flows, Apple's $90.5 billion free cash flow [FCF] outshines Tesla's $2.4 billion by an extremely wide margin. Putting the chasm in perspective, AAPL's price-to-FCF ratio at 24 times is ultra-low relative to TSLA's 310 times.</p><p><img src=\"https://static.tigerbbs.com/960a9aac76fa63f1641c99e5f6552848\" tg-width=\"640\" tg-height=\"494\" referrerpolicy=\"no-referrer\"></p><p><b>Should long-term investors go for AAPL or TSLA?</b></p><p>At first glance, it looks to me that Apple stock is a good value buy. However, looking at the quant grade for value, AAPL's score of D+ is not that much better than TSLA's F. Why is this so? The primary reason is that quant ratings are based on the individual stock's metrics relative to its industry. Apple, Inc. belongs to the Information Technology sector, while Tesla, Inc. falls under Consumer Discretionary.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6387a75dbe764282d1160dac9c93e1c3\" tg-width=\"640\" tg-height=\"271\" referrerpolicy=\"no-referrer\"><span> Source: Seeking Alpha Premium</span></p><p>For growth, AAPL scored a poor grade of C- while TSLA has a stellar A+. While this is also judged according to their respective sectors, readers can see in the following table that TSLA's growth metrics are significantly superior to AAPL and consistently so.</p><p>For instance, Tesla's revenue on a 5-year CAGR basis is 53.2 percent, several times that of Apple's 7.4 percent. If Tesla's 50.8 percent EBITDA year-on-year growth is impressive, the 63.5 percent EBITDA growth on a forward basis would be incredible. In contrast, analysts are forecasting Apple's EBITDA growth on a forward basis to be more than halved. TSLA grew its tangible book value by 77.2 percent CAGR in the past three years while AAPL saw a contraction of 18.3 percent in the same period.</p><table><tbody><tr><th>Growth Metrics</th><th>AAPL</th><th>TSLA</th></tr><tr><th>Revenue Growth (YoY)</th><td><p>21.43%</p></td><td><p>38.11%</p></td></tr><tr><th>Revenue Growth (FWD)</th><td><p>12.19%</p></td><td><p>39.54%</p></td></tr><tr><th>Revenue 3 Year [CAGR]</th><td><p>9.56%</p></td><td><p>42.31%</p></td></tr><tr><th>Revenue 5 Year [CAGR]</th><td><p>7.42%</p></td><td><p>53.24%</p></td></tr><tr><th>EBITDA Growth (YoY)</th><td><p>29.12%</p></td><td><p>50.80%</p></td></tr><tr><th>EBITDA Growth (FWD)</th><td><p>12.96%</p></td><td><p>63.49%</p></td></tr><tr><th>Tang Book Value 3 Year [CAGR]</th><td><p>-18.31%</p></td><td><p>77.24%</p></td></tr><tr><th>Total Assets 3 Year [CAGR]</th><td><p>-2.83%</p></td><td><p>24.77%</p></td></tr></tbody></table><p>The saving grace for Apple Inc., or its attraction, is its superior profitability metrics. Its gross profit margin is nearly double that of Tesla. Further down the income statement, Apple's net income margin at 23.5 percent is more than 7 times higher than Tesla's.</p><p>AAPL's Return on Equity is a staggering 103.4 percent as compared to TSLA's 7.2 percent. The disparity is expected to widen as Apple continues to execute its share buyback program, shrinking its equity, while Tesla issues new shares to fund its growth. Its Return on Assets at 16.9 percent is several times that of Tesla's 3.0 percent. Its Return on Total Capital at 28.6 percent is 6.7 times that of Tesla's 4.3 percent.</p><table><tbody><tr><th>Profitability Metrics</th><th>AAPL</th><th>TSLA</th></tr><tr><th>Gross Profit Margin</th><td><p>39.88%</p></td><td><p>21.18%</p></td></tr><tr><th>EBIT Margin</th><td><p>27.32%</p></td><td><p>6.01%</p></td></tr><tr><th>EBITDA Margin</th><td><p>30.68%</p></td><td><p>12.66%</p></td></tr><tr><th>Net Income Margin</th><td><p>23.45%</p></td><td><p>3.18%</p></td></tr><tr><th>Levered FCF Margin</th><td><p>24.62%</p></td><td><p>9.84%</p></td></tr><tr><th>Return on Equity</th><td><p>103.40%</p></td><td><p>7.16%</p></td></tr><tr><th>Return on Assets</th><td><p>16.90%</p></td><td><p>2.99%</p></td></tr><tr><th>Return on Total Capital</th><td><p>28.64%</p></td><td><p>4.30%</p></td></tr></tbody></table><p>With this underperformance, should long-term investors ignore Tesla? The answer depends on one's holding power and the ability to stay calm amid the volatility that TSLA stock has been known for. According to Wall Street analysts, Tesla's 2020's earnings per share [EPS] of $2.24 was just a small fraction of what the EV-maker could deliver in the next ten years.</p><p>By 2030, Tesla, Inc. is projected to mint $34.48 in EPS on a consensus basis, giving it a forward P/E ratio of 19.5 times. This will be a dramatic reduction from the current P/E ratio of over 300 times. Quarter-on-quarter, however, the picture might not be as clear as production hiccups from possible mishaps, shortage of components such as semiconductor chips, ramp-up challenges, etc. could obfuscate its true potential and make investors lose track of its long-term story.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/adb752e67473741117767ed857451476\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"><span>Source: Seeking Alpha Premium</span></p><p>Of course, if you are looking for dividends, TSLA is one stock you can forget about investing in. On the contrary, AAPL offers dividend investors a fairly consistent dividend and an excellent \"dividend safety\", even if the dividend growth is barely a passing grade and the dividend yield is a disappointing D+ grade. A conservative investor wouldn't complain about Apple's dividend.</p><p><img src=\"https://static.tigerbbs.com/1e20422c2e173566aff6486316a750ef\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"></p><p><b>How might Apple's introduction of an electric car affect Tesla?</b></p><p>There are more similarities between Apple and Tesla than the duo being in the electric car business three-to-five years down the road. Both American firms are already entrenched in China for the manufacturing of products as well as an important market. That makes the two companies subjected to thegeopolitical tensions brewing intenselybetween the U.S. and China.</p><p>Perhaps cognizant of the risk of over-reliance on China, Apple's rumored partners were Koreans. Hyundai Motor (OTC:HYMLF)(OTCPK:HYMTF)(OTCPK:HYMPY) and its subsidiary Kia Motors (OTCPK:KIMTF) were first touted asprime candidates. Subsequently, Apple wasreportedto be on the verge of signing an agreement with a joint venture of South Korea's LG and Magna, a Canadian auto supplier.</p><p>If true, one of Apple's strengths over Tesla in the EV business would be its avoidance of China as a manufacturing base. I have argued previously that Tesla woulddouble down on producing cars in Chinafollowing its favorable Shanghai experience.</p><p>On the mechanics of EVs as a product, however, Tesla is expected to maintain its clear lead. Tesla has produced its cars in-house for more than a decade and accumulated a wealth of manufacturing techniques and experience along the way. Although critics charged that its profitability was largely derived from the sale of high-margin regulatory credits, the richness of data collected without charge from drivers who<i>paid</i>for the privilege to own Tesla cars is often brushed off.</p><p>It is this Big Data pool Tesla possesses that enables it to accelerate its autonomous ride-hailing ambitions. On the other hand, even though there are many more Apple users than owners of Tesla cars, Apple's self-driving project only has its own trials to guide its development. This hampers the progress of a rollout of ride-hailing services and diminishes its threat to Tesla.</p><p>Nevertheless, Apple can bank on its ecosystem where different products and accessories connect in a seamless fashion. On the other hand, however pleasant a driving experience it is for Tesla car owners, its in-car offerings are limited and mostly outsourced.</p><p><b>Apple vs Tesla stock: final thoughts</b></p><p>Both Apple and Tesla stocks are well covered by analysts. The consensus Wall Street rating is \"bullish\" for Apple and \"neutral\" for Tesla. What's telling is that AAPL has an upside of around 23.5 percent to its price target. In contrast, TSLA has a paltry upside of only 2.6 percent at the moment.</p><p>As presented in this article, Apple's valuation multiples are well deserved given the good profitability it enjoys. Nevertheless, I wish to reiterate that Apple stock seems good as a value buy based only on the comparison to Tesla. AAPL, as illustrated earlier, is trading at higher valuation metrics than in the past.</p><p>As the company releases some highly anticipated progress in its Apple Car project, investors could become excited and accord it with EV-like multiples. Meanwhile, its existing offerings continue to keep users within its ecosystem.</p><p>In contrast, Tesla's valuation is rather rich, especially so if the so-called rotation trade is indeed in full swing. Yet, its earnings potential over the next 10 years seems to suggest TSLA is in the early innings, provided it can overcome the gradual loss of its EV credit buyers, as we have realized from theannouncementof Stellantis (STLA) this week. Thus, it is hard to pick a winner here but readers can decide based on their risk profile and invest accordingly.</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>Apple Vs. 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Tesla Stock: Which Is A Buy Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4425472-apple-vs-tesla-stock-buy-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAfter Apple confirmed its EV ambitions, investors began to compare its valuation metrics with Tesla.Apple certainly looks cheap and, I believe, could be described as a screaming buy. However, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4425472-apple-vs-tesla-stock-buy-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4425472-apple-vs-tesla-stock-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1117135949","content_text":"SummaryAfter Apple confirmed its EV ambitions, investors began to compare its valuation metrics with Tesla.Apple certainly looks cheap and, I believe, could be described as a screaming buy. However, in comparison, it doesn't necessarily follow that Tesla stock is expensive.The quant ratings for AAPL and TSLA reveal some interesting data which I will share in this article.Quarterly fluctuations could obfuscate the true potential of Tesla and make investors lose track of its long-term story.Photo by Radiomoscow/iStock via Getty ImagesArticle motivationApple Inc. (AAPL) and Tesla Inc. (TSLA) seem as contrasting as treacle and water whether we are comparing their business models or the stock. However, after Apple confirmed that it was indeed working tolaunch a carin three to six years, market players have begun to speak about the two tech titans in the same breath.In this article, I will compare the valuations of Apple and Tesla as well as discuss their respective stock performance. I will also discuss the suitability of AAPL and TSLA to different types of long-term investors.Valuation comparison of Apple and TeslaFrom the trough in March 2020 following the market panic over the COVID-19 outbreak, Tesla stock climbed more than 1000 percent higher by January this year. After the swoon in March, TSLA is still up over 800 percent, far outperforming Apple stock which hadmerelydoubled in the same period.Judging by the percentage returns, TSLA is the undisputed champion over AAPL. However, it's important to note that more than $1 trillion in market capitalization was added to Apple since mid-March of last year, while Tesla scored a smaller increase of $582 million.At its current market cap of $648.9 billion, Tesla, Inc. is less than one-third the size of Apple, Inc. Despite the massive media attention it receives and the outsized influence its chief executive officer Elon Musk has on the investing community, Tesla only has 72 percent of the market cap of social media giant Facebook (FB).In other words, while Apple stock has broken the psychological market cap of both one trillion and two trillion dollars, Tesla stock is still some distance from being \"obstructed\" by the first trillion-barrier. Considering that TSLA had in January surpassed FB stock in terms of market cap, should that happen again, we could see it potentially breaching the one trillion dollars level for the first time.Critics could argue that would bring Tesla's price-to-earnings (P/E) ratio to above a thousand times, a mind-boggling number in itself. In contrast, Apple's P/E ratio is currently at 28.7 times, a paltry number in comparison. However, for much of TSLA's trading history, the stock didn't even have a P/E ratio to speak of, as the company was not profitable for many years. Yet, the lack of a P/E ratio did not deter investors from piling in.Based on the price-to-sales ratio, if Tesla Inc. reclaims the 30 times record achieved in January, its market cap would indeed be within reach of the one trillion dollar mark, coming at around $930 million. At the same time, comparing Apple with Tesla, the former certainly looks \"cheap\" and could be described as a \"screaming buy\". I have made the description in quotations as that can be said of many stocks when compared with Tesla.Hence, it's more instructive to compare Apple Inc. with itself. In the past 10 years, its P/E ratio is an average of 17 times. The current P/E of 29 times is, thus, a leap over the historical average, even though it has come off the recent peaks of over 40 times in the past year.For those who look beyond the income statements and into the cash flows, Apple's $90.5 billion free cash flow [FCF] outshines Tesla's $2.4 billion by an extremely wide margin. Putting the chasm in perspective, AAPL's price-to-FCF ratio at 24 times is ultra-low relative to TSLA's 310 times.Should long-term investors go for AAPL or TSLA?At first glance, it looks to me that Apple stock is a good value buy. However, looking at the quant grade for value, AAPL's score of D+ is not that much better than TSLA's F. Why is this so? The primary reason is that quant ratings are based on the individual stock's metrics relative to its industry. Apple, Inc. belongs to the Information Technology sector, while Tesla, Inc. falls under Consumer Discretionary. Source: Seeking Alpha PremiumFor growth, AAPL scored a poor grade of C- while TSLA has a stellar A+. While this is also judged according to their respective sectors, readers can see in the following table that TSLA's growth metrics are significantly superior to AAPL and consistently so.For instance, Tesla's revenue on a 5-year CAGR basis is 53.2 percent, several times that of Apple's 7.4 percent. If Tesla's 50.8 percent EBITDA year-on-year growth is impressive, the 63.5 percent EBITDA growth on a forward basis would be incredible. In contrast, analysts are forecasting Apple's EBITDA growth on a forward basis to be more than halved. TSLA grew its tangible book value by 77.2 percent CAGR in the past three years while AAPL saw a contraction of 18.3 percent in the same period.Growth MetricsAAPLTSLARevenue Growth (YoY)21.43%38.11%Revenue Growth (FWD)12.19%39.54%Revenue 3 Year [CAGR]9.56%42.31%Revenue 5 Year [CAGR]7.42%53.24%EBITDA Growth (YoY)29.12%50.80%EBITDA Growth (FWD)12.96%63.49%Tang Book Value 3 Year [CAGR]-18.31%77.24%Total Assets 3 Year [CAGR]-2.83%24.77%The saving grace for Apple Inc., or its attraction, is its superior profitability metrics. Its gross profit margin is nearly double that of Tesla. Further down the income statement, Apple's net income margin at 23.5 percent is more than 7 times higher than Tesla's.AAPL's Return on Equity is a staggering 103.4 percent as compared to TSLA's 7.2 percent. The disparity is expected to widen as Apple continues to execute its share buyback program, shrinking its equity, while Tesla issues new shares to fund its growth. Its Return on Assets at 16.9 percent is several times that of Tesla's 3.0 percent. Its Return on Total Capital at 28.6 percent is 6.7 times that of Tesla's 4.3 percent.Profitability MetricsAAPLTSLAGross Profit Margin39.88%21.18%EBIT Margin27.32%6.01%EBITDA Margin30.68%12.66%Net Income Margin23.45%3.18%Levered FCF Margin24.62%9.84%Return on Equity103.40%7.16%Return on Assets16.90%2.99%Return on Total Capital28.64%4.30%With this underperformance, should long-term investors ignore Tesla? The answer depends on one's holding power and the ability to stay calm amid the volatility that TSLA stock has been known for. According to Wall Street analysts, Tesla's 2020's earnings per share [EPS] of $2.24 was just a small fraction of what the EV-maker could deliver in the next ten years.By 2030, Tesla, Inc. is projected to mint $34.48 in EPS on a consensus basis, giving it a forward P/E ratio of 19.5 times. This will be a dramatic reduction from the current P/E ratio of over 300 times. Quarter-on-quarter, however, the picture might not be as clear as production hiccups from possible mishaps, shortage of components such as semiconductor chips, ramp-up challenges, etc. could obfuscate its true potential and make investors lose track of its long-term story.Source: Seeking Alpha PremiumOf course, if you are looking for dividends, TSLA is one stock you can forget about investing in. On the contrary, AAPL offers dividend investors a fairly consistent dividend and an excellent \"dividend safety\", even if the dividend growth is barely a passing grade and the dividend yield is a disappointing D+ grade. A conservative investor wouldn't complain about Apple's dividend.How might Apple's introduction of an electric car affect Tesla?There are more similarities between Apple and Tesla than the duo being in the electric car business three-to-five years down the road. Both American firms are already entrenched in China for the manufacturing of products as well as an important market. That makes the two companies subjected to thegeopolitical tensions brewing intenselybetween the U.S. and China.Perhaps cognizant of the risk of over-reliance on China, Apple's rumored partners were Koreans. Hyundai Motor (OTC:HYMLF)(OTCPK:HYMTF)(OTCPK:HYMPY) and its subsidiary Kia Motors (OTCPK:KIMTF) were first touted asprime candidates. Subsequently, Apple wasreportedto be on the verge of signing an agreement with a joint venture of South Korea's LG and Magna, a Canadian auto supplier.If true, one of Apple's strengths over Tesla in the EV business would be its avoidance of China as a manufacturing base. I have argued previously that Tesla woulddouble down on producing cars in Chinafollowing its favorable Shanghai experience.On the mechanics of EVs as a product, however, Tesla is expected to maintain its clear lead. Tesla has produced its cars in-house for more than a decade and accumulated a wealth of manufacturing techniques and experience along the way. Although critics charged that its profitability was largely derived from the sale of high-margin regulatory credits, the richness of data collected without charge from drivers whopaidfor the privilege to own Tesla cars is often brushed off.It is this Big Data pool Tesla possesses that enables it to accelerate its autonomous ride-hailing ambitions. On the other hand, even though there are many more Apple users than owners of Tesla cars, Apple's self-driving project only has its own trials to guide its development. This hampers the progress of a rollout of ride-hailing services and diminishes its threat to Tesla.Nevertheless, Apple can bank on its ecosystem where different products and accessories connect in a seamless fashion. On the other hand, however pleasant a driving experience it is for Tesla car owners, its in-car offerings are limited and mostly outsourced.Apple vs Tesla stock: final thoughtsBoth Apple and Tesla stocks are well covered by analysts. The consensus Wall Street rating is \"bullish\" for Apple and \"neutral\" for Tesla. What's telling is that AAPL has an upside of around 23.5 percent to its price target. In contrast, TSLA has a paltry upside of only 2.6 percent at the moment.As presented in this article, Apple's valuation multiples are well deserved given the good profitability it enjoys. Nevertheless, I wish to reiterate that Apple stock seems good as a value buy based only on the comparison to Tesla. AAPL, as illustrated earlier, is trading at higher valuation metrics than in the past.As the company releases some highly anticipated progress in its Apple Car project, investors could become excited and accord it with EV-like multiples. Meanwhile, its existing offerings continue to keep users within its ecosystem.In contrast, Tesla's valuation is rather rich, especially so if the so-called rotation trade is indeed in full swing. Yet, its earnings potential over the next 10 years seems to suggest TSLA is in the early innings, provided it can overcome the gradual loss of its EV credit buyers, as we have realized from theannouncementof Stellantis (STLA) this week. Thus, it is hard to pick a winner here but readers can decide based on their risk profile and invest accordingly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102146891,"gmtCreate":1620188463813,"gmtModify":1634207110054,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Go go 🚀&nbsp;Crypto not manipulated like stocks !&nbsp;","listText":"Go go 🚀&nbsp;Crypto not manipulated like stocks !&nbsp;","text":"Go go 🚀 Crypto not manipulated like stocks !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/102146891","repostId":"1115203133","repostType":4,"repost":{"id":"1115203133","kind":"news","pubTimestamp":1620178775,"share":"https://www.laohu8.com/m/news/1115203133?lang=&edition=full","pubTime":"2021-05-05 09:39","market":"us","language":"en","title":"Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1115203133","media":"Market Wacth","summary":"Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image ","content":"<p>Every dog has its day…but a whole year?</p><p>Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.</p><p>At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.</p><p>That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.</p><p>Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”<img src=\"https://static.tigerbbs.com/7c7201d3eb982c0d5d636bf8ff4a1ca7\" tg-width=\"505\" tg-height=\"367\" referrerpolicy=\"no-referrer\">So why is dogecoin, pronounced “dōj-coin,”&nbsp;on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:</p><p>Its biggest booster set to guest host ‘SNL’</p><p>Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn&nbsp;cheers and jeers&nbsp;for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.</p><p>Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.</p><p><img src=\"https://static.tigerbbs.com/54a1a1602240507ad985c5efcb2571f5\" tg-width=\"501\" tg-height=\"177\" referrerpolicy=\"no-referrer\">Brokerages trade dogecoin</p><p>A number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.</p><p>Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform&nbsp;eToro also made dogecoin&nbsp;available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.</p><p>FOMO</p><p>Fear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.</p><p>“Dogecoin&nbsp;is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.</p><p>Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&amp;P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.</p><p>Accessibility</p><p>Konstantin Boyko-Romanovsky, CEO of&nbsp;Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.</p><p>“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.</p><p>Bubbles &amp; manias</p><p>Moya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”</p><p>Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.</p>","source":"lsy1604288433698","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>Why is dogecoin’s price spiking? The crypto has surged 11,000% in 2021</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\">\nWhy is dogecoin’s price spiking? The crypto has surged 11,000% in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 09:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page><strong>Market Wacth</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?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/why-is-dogecoins-price-spiking-the-crypto-has-surged-11-000-in-2021-11620151738?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115203133","content_text":"Every dog has its day…but a whole year?Indeed, dogecoin, the meme cryptocurrency linked to an image of a Shiba Inu dog, has been enjoying one of the best years for cryptocurrency in recent memory, boasting year-to-date gains of more than 11,000% and putting it in the top 10 of the most highly valued digital assets this year.At last check, dogecoinDOGEUSD,+8.26%was changing hands at 54 cents, up more than 23% in the past 24 hours and up around 11,210% so far in 2021, according to CoinDesk.That parabolic rise is drawing both applause and apprehension as its supporters aim to drive the parody coin to a value near $1, with critics warning that the asset bears all the hallmarks of an asset bubble that is bound to pop and leave carnage in its wake.Only, don’t tell that to those cheerleading the crypto, or risk being met with this common refrain: “enjoy being poor.”So why is dogecoin, pronounced “dōj-coin,” on such a monumental tear that has outstripped crypto considered more serious representatives of the age of digital assets and blockchain? Here are a few reasons:Its biggest booster set to guest host ‘SNL’Elon Musk, CEO of Tesla Inc. and SpaceX, will host “Saturday Night Live” this weekend, which has already drawn cheers and jeers for the technologist. He has become one of the most prominent and vocal champions of dogecoin this year and some speculate that he could do something to promote doge.Musk did refer to himself as the “dogefather” in one recent tweet ahead of his “Saturday Night Live” gig.Brokerages trade dogecoinA number of new venues have announced that they will trade dogecoin on their exchanges in recent days and weeks.Crypto exchange Geminion Tuesdayannounced trading and custody support for the coin. Trading platform eToro also made dogecoin available for trading on its platform.Webullallowed its users to purchase dogecoin back on April 20.FOMOFear of missing out also is said to be behind the surge. Some crypto participants speculate that the rise in dogecoin is being supported by retail traders who see the parody coin as more accessible investment (or trade) than, say, bitcoinBTCUSD,-0.16%,which was changing hands at $54,000, at last check on CoinDesk.“Dogecoin is surging because many cryptocurrency traders do not want to miss out on any buzz that stems from Elon Musk’s hosting of ‘Saturday Night Live,’” wrote Edward Moya, senior market analyst at Oanda, in a daily note.Gains in traditional assets also might seem more pedestrian. By comparison, gold futuresGC00,0.17%are down 6% so far this year, the Dow Jones Industrial AverageDJIA,+0.06%and the S&P 500 indexSPX,-0.67%are up by at least 10% in 2021, while the Nasdaq Composite IndexCOMP,-1.88%has gained over 5%.AccessibilityKonstantin Boyko-Romanovsky, CEO of Allnodes, via an emailed message, said he viewed support from Musk and fellow billionaire Mark Cuban as central to the bull thesis for dogecoin, but also said that some may perceive the crypto as more accessible compared against bitcoin, which hit a recent peak above $60,000 before cooling.“It appeals more to the general public because it costs so little. $60,000 for a single bitcoin may be intimidating to some. In a way, doge then is more like a USD but in a digital form,” he wrote.Bubbles & maniasMoya wrote that the dogecoin bubble should have “popped by now, but institutional interest is trying to take advantage of this momentum and that could support another push higher.”Many skeptics warn that dogecoin could leave a lot of newbie investors hemorrhaging losses if they wade into the asset imprudently.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101853995,"gmtCreate":1619881120817,"gmtModify":1634209326155,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Who is he? Lol","listText":"Who is he? Lol","text":"Who is he? Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/101853995","repostId":"1152594140","repostType":4,"repost":{"id":"1152594140","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619791880,"share":"https://www.laohu8.com/m/news/1152594140?lang=&edition=full","pubTime":"2021-04-30 22:11","market":"us","language":"en","title":"TikTok names ByteDance CFO Shouzi Chew as new CEO","url":"https://stock-news.laohu8.com/highlight/detail?id=1152594140","media":"Reuters","summary":"TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot ","content":"<p>TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company said on Friday.</p>\n<p>Chew, who is based in Singapore and was named CFO of TikTok parent company ByteDance in March this year, will continue in that role.</p>\n<p>TikTok’s interim head Vanessa Pappas, based in Los Angeles, will be the new Chief Operating Officer.</p>\n<p>Chew had served as Xiaomi’s chief financial officer from 2015 to 2020, and ran its international business for a year.</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>TikTok names ByteDance CFO Shouzi Chew as new CEO</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\">\nTikTok names ByteDance CFO Shouzi Chew as new CEO\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-30 22:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company said on Friday.</p>\n<p>Chew, who is based in Singapore and was named CFO of TikTok parent company ByteDance in March this year, will continue in that role.</p>\n<p>TikTok’s interim head Vanessa Pappas, based in Los Angeles, will be the new Chief Operating Officer.</p>\n<p>Chew had served as Xiaomi’s chief financial officer from 2015 to 2020, and ran its international business for a year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152594140","content_text":"TikTok appointed Shouzi Chew, a Singaporean national, as the new Chief Executive Officer of the hot video-sharing platform, the company said on Friday.\nChew, who is based in Singapore and was named CFO of TikTok parent company ByteDance in March this year, will continue in that role.\nTikTok’s interim head Vanessa Pappas, based in Los Angeles, will be the new Chief Operating Officer.\nChew had served as Xiaomi’s chief financial officer from 2015 to 2020, and ran its international business for a year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377685177,"gmtCreate":1619523675799,"gmtModify":1634212075052,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Pls go up! $100 by end year","listText":"Pls go up! $100 by end year","text":"Pls go up! $100 by end year","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/377685177","repostId":"1144449904","repostType":4,"repost":{"id":"1144449904","kind":"news","pubTimestamp":1619486641,"share":"https://www.laohu8.com/m/news/1144449904?lang=&edition=full","pubTime":"2021-04-27 09:24","market":"us","language":"en","title":"NIO Stock Is Suddenly on Fire. This Is Why.","url":"https://stock-news.laohu8.com/highlight/detail?id=1144449904","media":"Barrons","summary":"Stock in the Chinese electric-vehicle maker NIO has gone from down in the dumps to king of the hill, with seven straight days of gains. Technical factors, rather than developments that would affect earnings, appear to be behind the shift.NIO  stock was a can’t miss bet for months. Shares gained more than 1,100% in 2020, closing at around $49. They raced to almost $67 early this year, but stalled out and fell to less than $32 last month. New competition in China’s EV market, confusion over delive","content":"<p>Stock in the Chinese electric-vehicle maker NIO has gone from down in the dumps to king of the hill, with seven straight days of gains. Technical factors, rather than developments that would affect earnings, appear to be behind the shift.</p>\n<p>NIO (ticker: NIO) stock was a can’t miss bet for months. Shares gained more than 1,100% in 2020, closing at around $49. They raced to almost $67 early this year, but stalled out and fell to less than $32 last month. New competition in China’s EV market, confusion over deliveries during the Lunar New Year holiday, and the global shortage of semiconductors for use in cars all gave investors reasons to sell, or avoid buying. Higher interest rates also dinged valuations of high-growth stocks in February and March.</p>\n<p>But over the past week, investors are feeling much better. Shares closed 3.8% higher on Monday afternoon, while the&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;were roughly flat.</p>\n<p>That took the shares from less than $36 to almost $43, even though not much has changed in fundamental terms.</p>\n<p>The stock picked up one new Buy rating. That always helps. CLSA analyst Soobin Park launched coverage of the stock with a Buy and $50 price target. Two-thirds of analysts covering the company rate shares Buy. The&nbsp;average Buy rating ratio for stocks in the S&amp;P 500 is about 55%.</p>\n<p>Barron’s Ed Lin also pointed out&nbsp;Sunday that Munich Ergo Asset Management GmbH, which manages investments for reinsurance giant&nbsp;Munich Re,bought more shares of NIO stock in the first quarter. That vote of confidence may be lifting the stock as well.</p>\n<p>More important, though, NIO stock was oversold. The stock’s relative strength index, or RSI, which measures the speed and magnitude of price changes, was bouncing around 30 in early March, on a range from 0 and 100. A low reading of 30 means, for traders, that all the selling is done for the near term and that a stock might be due for a bounce.</p>\n<p>NIO stock has done exactly that. Now the RSI reading is back around 58, a little higher than the midpoint of 50, but not yet to the point where traders would start to target NIO shares as overbought.</p>\n<p>So far this year, NIO stock is down about 13% year to date, leaving it behind both the broader market and Tesla (TSLA) stock’s 4% gain. The next chapter of the stock’s story could begin on Thursday, when NIO reports its first-quarter financial results.</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>NIO Stock Is Suddenly on Fire. This Is Why.</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\">\nNIO Stock Is Suddenly on Fire. This Is Why.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 09:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/nio-stock-is-suddenly-on-fire-this-is-why-51619467872?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock in the Chinese electric-vehicle maker NIO has gone from down in the dumps to king of the hill, with seven straight days of gains. Technical factors, rather than developments that would affect ...</p>\n\n<a href=\"https://www.barrons.com/articles/nio-stock-is-suddenly-on-fire-this-is-why-51619467872?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.barrons.com/articles/nio-stock-is-suddenly-on-fire-this-is-why-51619467872?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144449904","content_text":"Stock in the Chinese electric-vehicle maker NIO has gone from down in the dumps to king of the hill, with seven straight days of gains. Technical factors, rather than developments that would affect earnings, appear to be behind the shift.\nNIO (ticker: NIO) stock was a can’t miss bet for months. Shares gained more than 1,100% in 2020, closing at around $49. They raced to almost $67 early this year, but stalled out and fell to less than $32 last month. New competition in China’s EV market, confusion over deliveries during the Lunar New Year holiday, and the global shortage of semiconductors for use in cars all gave investors reasons to sell, or avoid buying. Higher interest rates also dinged valuations of high-growth stocks in February and March.\nBut over the past week, investors are feeling much better. Shares closed 3.8% higher on Monday afternoon, while the S&P 500 and Dow Jones Industrial Average were roughly flat.\nThat took the shares from less than $36 to almost $43, even though not much has changed in fundamental terms.\nThe stock picked up one new Buy rating. That always helps. CLSA analyst Soobin Park launched coverage of the stock with a Buy and $50 price target. Two-thirds of analysts covering the company rate shares Buy. The average Buy rating ratio for stocks in the S&P 500 is about 55%.\nBarron’s Ed Lin also pointed out Sunday that Munich Ergo Asset Management GmbH, which manages investments for reinsurance giant Munich Re,bought more shares of NIO stock in the first quarter. That vote of confidence may be lifting the stock as well.\nMore important, though, NIO stock was oversold. The stock’s relative strength index, or RSI, which measures the speed and magnitude of price changes, was bouncing around 30 in early March, on a range from 0 and 100. A low reading of 30 means, for traders, that all the selling is done for the near term and that a stock might be due for a bounce.\nNIO stock has done exactly that. Now the RSI reading is back around 58, a little higher than the midpoint of 50, but not yet to the point where traders would start to target NIO shares as overbought.\nSo far this year, NIO stock is down about 13% year to date, leaving it behind both the broader market and Tesla (TSLA) stock’s 4% gain. The next chapter of the stock’s story could begin on Thursday, when NIO reports its first-quarter financial results.","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371005667,"gmtCreate":1618889111759,"gmtModify":1634290114724,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Hold for life&nbsp;","listText":"Hold for life&nbsp;","text":"Hold for life","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371005667","repostId":"1164936386","repostType":4,"repost":{"id":"1164936386","kind":"news","pubTimestamp":1618841871,"share":"https://www.laohu8.com/m/news/1164936386?lang=&edition=full","pubTime":"2021-04-19 22:17","market":"us","language":"en","title":"Should You Buy Apple Stock Before Next Apple Event?","url":"https://stock-news.laohu8.com/highlight/detail?id=1164936386","media":"TheStreet","summary":"On April 20, Apple will host a product launch event, and at least a new iPad Pro is expected. The Ap","content":"<p>On April 20, Apple will host a product launch event, and at least a new iPad Pro is expected. The Apple Maven looked at recent history to see how the stock performed after the past Apple Events.</p>\n<p>A&nbsp;new Apple Event lurks around the corner. Beyond the curiosity for what new products will be unveiled, investors will also pay attention to how Apple stock will behave. Below, the Apple Maven reviews how the previous events aﬀected share price behavior in 2020.</p>\n<p><b>The effect of Apple events on the stock</b></p>\n<ul>\n <li><b>Apple’s “One More Thing” – November 30, 2020</b>:The highlight of the event&nbsp;was Apple’s introduction of the M1-equipped MacBook Air, 13‑inch MacBook Pro and Mac mini. In the following three months, the stock climbed 23%, reaching all-time highs by January 2021.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ef348206ee5454f0af9c8828e7906b91\" tg-width=\"1240\" tg-height=\"361\"><span>Figure 1: Apple stock performance after \"One More Thing\" event.</span></p>\n<ul>\n <li><b>Apple’s “Hi, Speed” – October 13, 2020</b>:The Cupertino company introduced&nbsp;the highly anticipated iPhone 12 and iPhone 12 Pro with 5G connectivity, MagSafe accessories, and the HomePod mini. This could be considered the main event of the year, since the iPhone is Apple’s key revenue driver. However, the stock dropped 4% between the iPhone launch and the “One More Thing” event.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9c24a3a51e2e31f611a844d66b0a0255\" tg-width=\"1240\" tg-height=\"367\"><span>Figure 2: Apple stock performance after \"Hi, Speed\" event.</span></p>\n<ul>\n <li><b>Apple’s “Time Flies” – September 15, 2020</b>:In this action-packed event, the Apple Watch Series 6, Apple Watch SE, the new iPad Air and iPad, Apple Fitness+ and Apple One were introduced. Apple stock climbed 4% in the six weeks between “Time Flies” and “Hi, Speed”.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a232bac33db421d697d4ebb8cabccd96\" tg-width=\"1240\" tg-height=\"368\"><span>Figure 3: Apple stock performance after \"Time Flies\" event.</span></p>\n<ul>\n <li><b>Apple’s WWDC – June 22, 2020</b>: In the2020 version of the Worldwide Developers Conference, updates to iOS, iPadOS, watchOS and macOS Big Sur were announced. Very importantly, Apple’s introduction of the M1 chip also took center stage. The conference was hosted online for the first time, due to the COVID-19 pandemic. In the following 3 months, Apple shares climbed an impressive 50% to its early September peak.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/adfa652d946092e94e4a8ba657e950a0\" tg-width=\"1240\" tg-height=\"370\"><span>Figure 4: Apple stock performance after \"WWDC\" event.</span></p>\n<p><b>What about the next Apple Event?</b></p>\n<p>At least in 2020, Apple stock performed generally well in the days following the company’s events – although it is hard to establish causation with much certainty. Investors who bought shares ahead of the key dates, except for “Hi, Speed”, saw decent gains in a short period.</p>\n<p>But will the upcoming event guide the stock higher this time?</p>\n<p>The Apple Maven doubts&nbsp;that the iPad, the likely star of Tuesday’s announcements, will be a game changer for Apple stock the same way that the iPhone or new products in mixed reality and autonomous vehicles could be. But it is important for Apple to keep the momentum going in the tablet business, taking advantage of trends in work-from-home and tablet-as-a-PC.</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>Should You Buy Apple Stock Before Next Apple Event?</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\">\nShould You Buy Apple Stock Before Next Apple Event?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-19 22:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/should-you-buy-apple-stock-before-next-apple-event><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On April 20, Apple will host a product launch event, and at least a new iPad Pro is expected. The Apple Maven looked at recent history to see how the stock performed after the past Apple Events.\nA new...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/should-you-buy-apple-stock-before-next-apple-event\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/should-you-buy-apple-stock-before-next-apple-event","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164936386","content_text":"On April 20, Apple will host a product launch event, and at least a new iPad Pro is expected. The Apple Maven looked at recent history to see how the stock performed after the past Apple Events.\nA new Apple Event lurks around the corner. Beyond the curiosity for what new products will be unveiled, investors will also pay attention to how Apple stock will behave. Below, the Apple Maven reviews how the previous events aﬀected share price behavior in 2020.\nThe effect of Apple events on the stock\n\nApple’s “One More Thing” – November 30, 2020:The highlight of the event was Apple’s introduction of the M1-equipped MacBook Air, 13‑inch MacBook Pro and Mac mini. In the following three months, the stock climbed 23%, reaching all-time highs by January 2021.\n\nFigure 1: Apple stock performance after \"One More Thing\" event.\n\nApple’s “Hi, Speed” – October 13, 2020:The Cupertino company introduced the highly anticipated iPhone 12 and iPhone 12 Pro with 5G connectivity, MagSafe accessories, and the HomePod mini. This could be considered the main event of the year, since the iPhone is Apple’s key revenue driver. However, the stock dropped 4% between the iPhone launch and the “One More Thing” event.\n\nFigure 2: Apple stock performance after \"Hi, Speed\" event.\n\nApple’s “Time Flies” – September 15, 2020:In this action-packed event, the Apple Watch Series 6, Apple Watch SE, the new iPad Air and iPad, Apple Fitness+ and Apple One were introduced. Apple stock climbed 4% in the six weeks between “Time Flies” and “Hi, Speed”.\n\nFigure 3: Apple stock performance after \"Time Flies\" event.\n\nApple’s WWDC – June 22, 2020: In the2020 version of the Worldwide Developers Conference, updates to iOS, iPadOS, watchOS and macOS Big Sur were announced. Very importantly, Apple’s introduction of the M1 chip also took center stage. The conference was hosted online for the first time, due to the COVID-19 pandemic. In the following 3 months, Apple shares climbed an impressive 50% to its early September peak.\n\nFigure 4: Apple stock performance after \"WWDC\" event.\nWhat about the next Apple Event?\nAt least in 2020, Apple stock performed generally well in the days following the company’s events – although it is hard to establish causation with much certainty. Investors who bought shares ahead of the key dates, except for “Hi, Speed”, saw decent gains in a short period.\nBut will the upcoming event guide the stock higher this time?\nThe Apple Maven doubts that the iPad, the likely star of Tuesday’s announcements, will be a game changer for Apple stock the same way that the iPhone or new products in mixed reality and autonomous vehicles could be. But it is important for Apple to keep the momentum going in the tablet business, taking advantage of trends in work-from-home and tablet-as-a-PC.","news_type":1},"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373074378,"gmtCreate":1618807526894,"gmtModify":1634290777429,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"What r u talking abt? My stocks are down !&nbsp;","listText":"What r u talking abt? My stocks are down !&nbsp;","text":"What r u talking abt? My stocks are down !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/373074378","repostId":"2128525488","repostType":4,"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370746729,"gmtCreate":1618631696461,"gmtModify":1634291645552,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Can u merge faster? Aiyo end june&nbsp;","listText":"Can u merge faster? Aiyo end june&nbsp;","text":"Can u merge faster? Aiyo end june","images":[{"img":"https://static.tigerbbs.com/8a5ba06fdff885ddb7b7240ae30e6347","width":"1125","height":"3601"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370746729","isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":370672661,"gmtCreate":1618583594153,"gmtModify":1634291921689,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Finally some good news&nbsp;","listText":"Finally some good news&nbsp;","text":"Finally some good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370672661","repostId":"1156411249","repostType":4,"repost":{"id":"1156411249","kind":"news","pubTimestamp":1618562497,"share":"https://www.laohu8.com/m/news/1156411249?lang=&edition=full","pubTime":"2021-04-16 16:41","market":"us","language":"en","title":"Einhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1156411249","media":"zerohedge","summary":"In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent t","content":"<p>In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&amp;P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.</p><p>That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, \"a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.\"</p><p>He then asks if the tide has<i><b>finally</b></i>turned from Growth to Value, noting that \"after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:\"</p><p><img src=\"https://static.tigerbbs.com/a5db342a0e7b68b8405ce6d4041b71a0\" tg-width=\"500\" tg-height=\"339\" referrerpolicy=\"no-referrer\">Part of the shift from growth to value, Einhorn writes, may be coming from higher inflation and inflation expectations. As measured by the inflation swap market, 10-year inflation expectations fell from 2.9% in September 2012 to 0.8% in March 2020. The only significant intervening bounce came in 2016, when expectations jumped from 1.5% to 2.3% on expectations of a major stimulus deal from the Trump admin (which never materialized). It is hardly a coincidence that that was the only year in the last decade in which value outperformed growth, as the Greenlight head notes. Fast forward to now, when after bottoming in March 2020, inflation expectations have recovered to 2.5%. The trend became clearer in the middle of May, and value started outperforming growth then, and especially since the middle of February. Indeed, aince May 15, the value-heavy Greenlight returned 80% of the S&amp;P 500 index with half the net exposure.</p><p>Einhorn is even more optimistic about the future when it comes to the \"growth to value\" rotation:</p><blockquote><i>When the time comes, we will have to figure out how to perform better in deflationary periods. But for now, we believe inflation is only going one way – higher – and we are optimistic about our prospects. The wind is now at our backs. The economy is in full recovery mode. Household balance sheets are stronger than they have been in a long time and household income growth was up 13% in February compared to last year. And this is before the latest $1.9 trillion – with a “T” – pandemic relief stimulus. Corporate capital spending is booming. There are shortages and bottlenecks everywhere. Last month nearly one million jobs returned. There are signs of an emerging labor shortage.</i></blockquote><p>As for the Fed, the Greenlight boss writes that \"it fundamentally changed its framework last August. It no longer seems to care that monetary policy works with a lag. Actually, it has embraced an asymmetrical inflation policy: The Fed wants to be ahead of the curve on the downside to protect<s>the stock market and corporate bondholders</s>the economy. Behind the curve is fine on the way up no matter how frothy the stock market the recovery is. Now, it says it is only going to react to actual inflation that exceeds its 2% target for a period of time.\"</p><p>The letter then goes on to muse how the Fed will know when it is blowing the next bubble, and to stop:</p><blockquote><i>... the Fed has indicated that it believes any abnormally high inflation will be transitory. We wonder, how will the Fed know?</i> <i><b>Do price increases come with a label that says “transitory”?</b></i> <i>Our sense is that no matter how hot inflation gets in the coming months, the Fed will continue with zero interest rates and large-scale asset purchases. After all, the U.S. Treasury has a lot of debt to sell and it isn’t clear who, other than the Fed, can absorb the supply.</i></blockquote><p>It's not just Powell who is throwing caution to the wind: so are such mainstream econ \"experts\" as John Oliver:</p><blockquote><i>The bipartisan idea that deficits don’t matter has even reached popular culture. John Oliverdedicated an entire episodeof Last Week Tonight to browbeating anyone who is concerned about the growing national debt. His argument boiled down to: (1) nobody knows how much debt is too much; (2) we have a good need to spend money now; and (3) it won’t be a problem until inflation shows up, and we can deal with it then.</i></blockquote><p>To this, Einhorn's response is simple: \"Though one can debate whether the official government statistics are contrived to avoid capturing inflation\" - and as we have repeatedly noted, inflation is now decidedly a political measurement, one which has been gamed for decades to make it appears as low as possible \"shortages and bottlenecks accompanied by rising demand can only be solved through increased capacity and higher prices. We have also reset the baseline income for non-working adults; it will take higher wages to bring those marginally attached to the labor force back to work.\"</p><p>Concluding this part of the letter, Einhorn writes that while the Fed says it has the tools to fight inflation (and according to Bernanke can cut it in<i>15 minutes</i>), \"it remains to be seen if it will have the stomach to use them when the time comes. That<b>is a discussion for another day. Right now, we remain positioned for rising inflation and inflation expectations.</b>\"</p><p>The Greenlight letter then goes on to lay out just how it plans to capture these rising inflation expectations, listing its top positions as follows, and how they performed in the frist quarter:</p><ul><li><b>Brighthouse Financial (BHF, +22%)</b>benefitted from rising interest rates;</li><li><b>Danimer Scientific (DNMR, +61%)</b>began its life as a public company;</li><li><b>Concentrix (CNXC, +52%)</b>benefitted from strong demand and rising estimates;</li><li><b>Resideo Technologies (REZI, +33%)</b>was helped by the strong housing market;</li><li><b>Change Healthcare (CHNG, +18%)</b>agreed to be acquired by UnitedHealthcare;</li><li><b>AerCap Holdings (AER, +29%)</b>agreed to acquire GE Capital’s aircraft leasing business (GECAS) at a discount; and</li><li><b>An undisclosed healthcare short (-41%)</b>fell due to reduced government reimbursement for its product.</li></ul><p><i>(incidentally, at quarter-end, Greenlight's largest disclosed long positions were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Danimer Scientific and Green Brick Partners, with a net average exposure of 118% long and 81% short).</i></p><p>Which is not to say that there were no glitches. One was underperformance by homebuilder and land-developer GRBK, the fund's largest position (more on this in the full letter below). The other performance drag was - as usual- Greenlight's \"short basket\" of bubble stocks.</p><p>What follows next is a tour de force from Einhorn lashing out at all the ways the market is broken, and how the Reddit insanity of Q1 exposed it for all to see:</p><blockquote><i>In late January, the market came to focus on companies with large short interests. Despite having a diversified portfolio, a number of our positions fell into this group and experienced sudden, sharp rises. We adjusted to the dynamic by reducing our exposure to single name shorts, both in number and sizing. To mitigate the potentially uncomfortable net long bias that would have resulted, we added macro hedges of market index and index option shorts. While we do not expect this to be a permanent change, we will evaluate and modify as we go.</i> <i><b>The performance of our short portfolio in 2020 and in early 2021 was unacceptable, so change is certainly needed.</b></i> <i>If we swing a little less hard, we should hit more balls. We have also revised our internal analyst incentive structure to fully emphasize alpha creation.Much has been made of the short-squeezes in late January. In fact, Congress held hearings, where it called the leaders of Robinhood, Melvin Capital and Citadel and an individual investor who made a great call on GameStop (GME) to testify. We have a few thoughts about this to share.</i> <i><b>First, it is very healthy for market participants to discuss and debate stocks.</b></i> <i>This is true both privately and publicly. There are rules about fraud and manipulation that need to be followed,</i> <i><b>but investors discussing why they think GME (or any other stock) should go up or down ought to be encouraged. There is no reason to drag anyone before Congress for making a stock pick.</b></i> <i>Second, it is also fine to make bad stock picks.</i> <i><b>If a hedge fund takes a big position in a stock and is wrong, it loses money. Isn’t this how it is supposed to work?</b></i> <i>Third,</i> <i><b>payment for order flow is just disguised commissions.</b></i> <i>We are in a world where consumers, especially young ones, expect internet services to be free, or at least free to them. A quote widely attributed to Richard Serra about commercial TV in 1973 says it best: “You’re not the customer; you’re the product.”</i> <i><b>If you want the broker to work for you, pay a commission.</b></i> <i>Fourth, Robinhood suspended trading in certain stocks because it was undercapitalized. It is possible that it wasn’t following the regulatory requirements. A regulatory sanction is probably appropriate – but as we’ll discuss below, we won’t be holding our breath.</i></blockquote><p>The punchline:<i>Einhorn slamming Chamath and Elon for pouring the \"real jet fuel\" on the GME squeeze:</i></p><blockquote><i>Finally, we note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation.</i> <i><b>Mr. Palihapitiya controls SoFi, which competes with Robinhood, and left us with the impression that by destabilizing GME he could harm a competitor.</b></i> <i>As for Mr. Musk,</i> <i><b>we are going to defend him, half-heartedly. If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants.</b></i> <i>Many who would never support defunding the police have supported – and for all intents and purposes have succeeded – in almost completely defanging, if not defunding, the regulators. For the most part, quasi-anarchy appears to rule in markets.</i> <i><b>Sure, Dr. Michael Burry, famed for his role in The Big Short, reportedly received a visit from the SEC after tweeting warnings about recent market trends – and decided to stop publicly speaking truth to power. But for the most part, there is no cop on the beat.</b></i> <i>It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear.</i></blockquote><p>Einhorn then concludes with three anecdotes to demonstrate his argument that this is not only an \"anything goes\" market where crime is rampant, but proving just how broken the market has become.</p><p>First, consider the investigation of Tether by the Office of the Attorney General of New York (OAG). As Einhorn explains, \"tether is a cryptocurrency that is always worth a dollar (the value is “tethered” to the dollar). Tether is one of the largest cryptocurrencies with about $40 billion outstanding, yet it has not been audited or regulated in any serious manner. In theory, Tether is supposed to have $1 of cash backing every Tether issued. Except it didn’t, at least when it was investigated.\" Incidentally, for anyone still confused, Tether is how theChinese launder billions in domestic funds abroad and outside the Chinese firewallas we explained in December, although so far few have the desire to expose this reality. In any case, here is Einhorn's lament:</p><blockquote><i>The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe. Tether and its sponsor, Bitfinex, “recklessly and unlawfully covered up massive financial losses to keep their scheme going and protect their bottom lines,” said the OAG. Further, “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not. The OAG assessed an $18.5 million penalty and Tether agreed to discontinue “any trading activity with New Yorkers.” It was as if Bernie Madoff had been told to pay a small fine and stop ripping off New Yorkers, but to go ahead and have fun with the Palm Beach crowd.</i></blockquote><p>Einhorn next highlights one of the stocks most hated by the bearish community: GSX:</p><blockquote>The media is focused on how the banks allowed excessive leverage and poorly (or properly) managed their risks. The real story is how Arch-Egos was able to buy up most of the float of GSX Techedu, <b>causing the stock to soar 400% in the face of unrefuted allegations of massive fraud.</b>The SEC has an ongoing investigation of GSX but appears to not have noticed a single fund (or a small group of funds) essentially cornering the market. A traditionalist could say this was market manipulation and transparently illegal.</blockquote><p>The professional poker player finally points out some of the insane moves observed in pennystocks in Q1, focusing on a tiny deli owner in rural NJ:</p><blockquote><i>Strange things happen to all kinds of stocks. Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume. Recently, the Wall Street Journal reported a boom in penny stocks.Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September.</i> <i><b>HWIN reached a market cap of $113 million on February 8.</b></i> <i>The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. Small investors who get sucked into these situations are likely to be harmed eventually, yet the regulators – who are supposed to be protecting investors – appear to be neither present nor curious.</i></blockquote><p>We don't find it at all surprising that Einhorn's conclusion from his capital markets observations over the past quarter is<i>identical</i>to ours, when we discussed the insane stock moves that dominated much of January and February:</p><blockquote><i><b>\"From a traditional perspective, the market is fractured and possibly in the process of breaking completely.\"</b></i></blockquote><p>Einhorn's full letter is below:</p><p><img src=\"https://static.tigerbbs.com/519bd51d93865787f487bbfdc930c706\" tg-width=\"946\" tg-height=\"496\"><img src=\"https://static.tigerbbs.com/1691d37b71b28794a2bc900aaf5b313e\" tg-width=\"857\" tg-height=\"687\"><img src=\"https://static.tigerbbs.com/a5d1e93a00a6d64936e9c09b9b940dbf\" tg-width=\"891\" tg-height=\"719\"><img src=\"https://static.tigerbbs.com/0c11ad8e34545a98ba8ee9c4fa8a78d9\" tg-width=\"909\" tg-height=\"477\"><img src=\"https://static.tigerbbs.com/fc8253cd105c8e2727495e1d34c6769b\" tg-width=\"887\" tg-height=\"719\"><img src=\"https://static.tigerbbs.com/e120ac355802479930a1b1e84bf46e3e\" tg-width=\"901\" tg-height=\"528\"><img src=\"https://static.tigerbbs.com/28989c8e07df2deede3e092055e09e70\" tg-width=\"895\" tg-height=\"564\"><img src=\"https://static.tigerbbs.com/7d526b287d859e129d81853c0be2ace0\" tg-width=\"869\" tg-height=\"559\"><img src=\"https://static.tigerbbs.com/8599ce79c9573aed1ca3b1266bd3400a\" tg-width=\"871\" tg-height=\"534\"><img src=\"https://static.tigerbbs.com/3ae554a242066a92e4095f35260ce325\" tg-width=\"917\" tg-height=\"639\"><img src=\"https://static.tigerbbs.com/df45fd1c31a9a0b5a376ec0fe6037598\" tg-width=\"883\" tg-height=\"522\"><img src=\"https://static.tigerbbs.com/b72d0f63d22768ed27882dca1e9f6048\" tg-width=\"878\" tg-height=\"420\"><img src=\"https://static.tigerbbs.com/cf93a682ea1bc652b5107e7ecf902b84\" tg-width=\"862\" tg-height=\"456\"><img src=\"https://static.tigerbbs.com/f0326abf9ee7f93425e7d4cb20e1f375\" tg-width=\"900\" tg-height=\"657\"></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>Einhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"</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\">\nEinhorn: \"The Market Is Fractured And In The Process Of Breaking Completely\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 16:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/einhorn-market-fractured-and-process-breaking-completely","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156411249","content_text":"In many ways, David Einhorn's Greenlight appears to be back to its \"new normal\" - in a letter sent to investors, Einhorn writes that Greenlight again underperformed the market and returned -0.1% in the first quarter, badly underperforming the 6.2% return for the S&P 500 index, before proceeding to bash the Fed, broken markets, Chamath and Elon, the basket of short stocks and much more.That said, even though as Einhorn writes Greenlight made only a handful of portfolio changes and essentially broke even, \"a lot happened. In general, the investment environment – especially from mid-February through the end of the quarter – was favorable as value outperformed growth, and interest rates and inflation expectations rose.\"He then asks if the tide hasfinallyturned from Growth to Value, noting that \"after a very tough decade, we have only just begun a recovery as shown in this 45-year chart from Goldman Sachs research:\"Part of the shift from growth to value, Einhorn writes, may be coming from higher inflation and inflation expectations. As measured by the inflation swap market, 10-year inflation expectations fell from 2.9% in September 2012 to 0.8% in March 2020. The only significant intervening bounce came in 2016, when expectations jumped from 1.5% to 2.3% on expectations of a major stimulus deal from the Trump admin (which never materialized). It is hardly a coincidence that that was the only year in the last decade in which value outperformed growth, as the Greenlight head notes. Fast forward to now, when after bottoming in March 2020, inflation expectations have recovered to 2.5%. The trend became clearer in the middle of May, and value started outperforming growth then, and especially since the middle of February. Indeed, aince May 15, the value-heavy Greenlight returned 80% of the S&P 500 index with half the net exposure.Einhorn is even more optimistic about the future when it comes to the \"growth to value\" rotation:When the time comes, we will have to figure out how to perform better in deflationary periods. But for now, we believe inflation is only going one way – higher – and we are optimistic about our prospects. The wind is now at our backs. The economy is in full recovery mode. Household balance sheets are stronger than they have been in a long time and household income growth was up 13% in February compared to last year. And this is before the latest $1.9 trillion – with a “T” – pandemic relief stimulus. Corporate capital spending is booming. There are shortages and bottlenecks everywhere. Last month nearly one million jobs returned. There are signs of an emerging labor shortage.As for the Fed, the Greenlight boss writes that \"it fundamentally changed its framework last August. It no longer seems to care that monetary policy works with a lag. Actually, it has embraced an asymmetrical inflation policy: The Fed wants to be ahead of the curve on the downside to protectthe stock market and corporate bondholdersthe economy. Behind the curve is fine on the way up no matter how frothy the stock market the recovery is. Now, it says it is only going to react to actual inflation that exceeds its 2% target for a period of time.\"The letter then goes on to muse how the Fed will know when it is blowing the next bubble, and to stop:... the Fed has indicated that it believes any abnormally high inflation will be transitory. We wonder, how will the Fed know? Do price increases come with a label that says “transitory”? Our sense is that no matter how hot inflation gets in the coming months, the Fed will continue with zero interest rates and large-scale asset purchases. After all, the U.S. Treasury has a lot of debt to sell and it isn’t clear who, other than the Fed, can absorb the supply.It's not just Powell who is throwing caution to the wind: so are such mainstream econ \"experts\" as John Oliver:The bipartisan idea that deficits don’t matter has even reached popular culture. John Oliverdedicated an entire episodeof Last Week Tonight to browbeating anyone who is concerned about the growing national debt. His argument boiled down to: (1) nobody knows how much debt is too much; (2) we have a good need to spend money now; and (3) it won’t be a problem until inflation shows up, and we can deal with it then.To this, Einhorn's response is simple: \"Though one can debate whether the official government statistics are contrived to avoid capturing inflation\" - and as we have repeatedly noted, inflation is now decidedly a political measurement, one which has been gamed for decades to make it appears as low as possible \"shortages and bottlenecks accompanied by rising demand can only be solved through increased capacity and higher prices. We have also reset the baseline income for non-working adults; it will take higher wages to bring those marginally attached to the labor force back to work.\"Concluding this part of the letter, Einhorn writes that while the Fed says it has the tools to fight inflation (and according to Bernanke can cut it in15 minutes), \"it remains to be seen if it will have the stomach to use them when the time comes. Thatis a discussion for another day. Right now, we remain positioned for rising inflation and inflation expectations.\"The Greenlight letter then goes on to lay out just how it plans to capture these rising inflation expectations, listing its top positions as follows, and how they performed in the frist quarter:Brighthouse Financial (BHF, +22%)benefitted from rising interest rates;Danimer Scientific (DNMR, +61%)began its life as a public company;Concentrix (CNXC, +52%)benefitted from strong demand and rising estimates;Resideo Technologies (REZI, +33%)was helped by the strong housing market;Change Healthcare (CHNG, +18%)agreed to be acquired by UnitedHealthcare;AerCap Holdings (AER, +29%)agreed to acquire GE Capital’s aircraft leasing business (GECAS) at a discount; andAn undisclosed healthcare short (-41%)fell due to reduced government reimbursement for its product.(incidentally, at quarter-end, Greenlight's largest disclosed long positions were Atlas Air Worldwide, Brighthouse Financial, Change Healthcare, Danimer Scientific and Green Brick Partners, with a net average exposure of 118% long and 81% short).Which is not to say that there were no glitches. One was underperformance by homebuilder and land-developer GRBK, the fund's largest position (more on this in the full letter below). The other performance drag was - as usual- Greenlight's \"short basket\" of bubble stocks.What follows next is a tour de force from Einhorn lashing out at all the ways the market is broken, and how the Reddit insanity of Q1 exposed it for all to see:In late January, the market came to focus on companies with large short interests. Despite having a diversified portfolio, a number of our positions fell into this group and experienced sudden, sharp rises. We adjusted to the dynamic by reducing our exposure to single name shorts, both in number and sizing. To mitigate the potentially uncomfortable net long bias that would have resulted, we added macro hedges of market index and index option shorts. While we do not expect this to be a permanent change, we will evaluate and modify as we go. The performance of our short portfolio in 2020 and in early 2021 was unacceptable, so change is certainly needed. If we swing a little less hard, we should hit more balls. We have also revised our internal analyst incentive structure to fully emphasize alpha creation.Much has been made of the short-squeezes in late January. In fact, Congress held hearings, where it called the leaders of Robinhood, Melvin Capital and Citadel and an individual investor who made a great call on GameStop (GME) to testify. We have a few thoughts about this to share. First, it is very healthy for market participants to discuss and debate stocks. This is true both privately and publicly. There are rules about fraud and manipulation that need to be followed, but investors discussing why they think GME (or any other stock) should go up or down ought to be encouraged. There is no reason to drag anyone before Congress for making a stock pick. Second, it is also fine to make bad stock picks. If a hedge fund takes a big position in a stock and is wrong, it loses money. Isn’t this how it is supposed to work? Third, payment for order flow is just disguised commissions. We are in a world where consumers, especially young ones, expect internet services to be free, or at least free to them. A quote widely attributed to Richard Serra about commercial TV in 1973 says it best: “You’re not the customer; you’re the product.” If you want the broker to work for you, pay a commission. Fourth, Robinhood suspended trading in certain stocks because it was undercapitalized. It is possible that it wasn’t following the regulatory requirements. A regulatory sanction is probably appropriate – but as we’ll discuss below, we won’t be holding our breath.The punchline:Einhorn slamming Chamath and Elon for pouring the \"real jet fuel\" on the GME squeeze:Finally, we note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation. Mr. Palihapitiya controls SoFi, which competes with Robinhood, and left us with the impression that by destabilizing GME he could harm a competitor. As for Mr. Musk, we are going to defend him, half-heartedly. If regulators wanted Elon Musk to stop manipulating stocks, they should have done so with more than a light slap on the wrist when they accused him of manipulating Tesla’s shares in 2018. The laws don’t apply to him and he can do whatever he wants. Many who would never support defunding the police have supported – and for all intents and purposes have succeeded – in almost completely defanging, if not defunding, the regulators. For the most part, quasi-anarchy appears to rule in markets. Sure, Dr. Michael Burry, famed for his role in The Big Short, reportedly received a visit from the SEC after tweeting warnings about recent market trends – and decided to stop publicly speaking truth to power. But for the most part, there is no cop on the beat. It’s as if there are no financial fraud prosecutors; companies and managements that are emboldened enough to engage in malfeasance have little to fear.Einhorn then concludes with three anecdotes to demonstrate his argument that this is not only an \"anything goes\" market where crime is rampant, but proving just how broken the market has become.First, consider the investigation of Tether by the Office of the Attorney General of New York (OAG). As Einhorn explains, \"tether is a cryptocurrency that is always worth a dollar (the value is “tethered” to the dollar). Tether is one of the largest cryptocurrencies with about $40 billion outstanding, yet it has not been audited or regulated in any serious manner. In theory, Tether is supposed to have $1 of cash backing every Tether issued. Except it didn’t, at least when it was investigated.\" Incidentally, for anyone still confused, Tether is how theChinese launder billions in domestic funds abroad and outside the Chinese firewallas we explained in December, although so far few have the desire to expose this reality. In any case, here is Einhorn's lament:The OAG conducted a two-year probe and found that Tether deceived clients and the market by overstating reserves and hiding approximately $850 million of losses around the globe. Tether and its sponsor, Bitfinex, “recklessly and unlawfully covered up massive financial losses to keep their scheme going and protect their bottom lines,” said the OAG. Further, “Tether’s claims that its virtual currency was fully backed by U.S. dollars at all times was a lie.”Did the OAG shut down Tether? Did anyone get arrested or even lose their job? Was the regulatory infrastructure changed to make sure this doesn’t happen again? No, of course not. The OAG assessed an $18.5 million penalty and Tether agreed to discontinue “any trading activity with New Yorkers.” It was as if Bernie Madoff had been told to pay a small fine and stop ripping off New Yorkers, but to go ahead and have fun with the Palm Beach crowd.Einhorn next highlights one of the stocks most hated by the bearish community: GSX:The media is focused on how the banks allowed excessive leverage and poorly (or properly) managed their risks. The real story is how Arch-Egos was able to buy up most of the float of GSX Techedu, causing the stock to soar 400% in the face of unrefuted allegations of massive fraud.The SEC has an ongoing investigation of GSX but appears to not have noticed a single fund (or a small group of funds) essentially cornering the market. A traditionalist could say this was market manipulation and transparently illegal.The professional poker player finally points out some of the insane moves observed in pennystocks in Q1, focusing on a tiny deli owner in rural NJ:Strange things happen to all kinds of stocks. Last year, on one day in June, the stocks of about a dozen bankrupt companies roughly doubled on enormous volume. Recently, the Wall Street Journal reported a boom in penny stocks.Someone pointed us to Hometown International (HWIN), which owns a single deli in rural New Jersey. The deli had $21,772 in sales in 2019 and only $13,976 in 2020, as it was closed due to COVID from March to September. HWIN reached a market cap of $113 million on February 8. The largest shareholder is also the CEO/CFO/Treasurer and a Director, who also happens to be the wrestling coach of the high school next door to the deli. The pastrami must be amazing. Small investors who get sucked into these situations are likely to be harmed eventually, yet the regulators – who are supposed to be protecting investors – appear to be neither present nor curious.We don't find it at all surprising that Einhorn's conclusion from his capital markets observations over the past quarter isidenticalto ours, when we discussed the insane stock moves that dominated much of January and February:\"From a traditional perspective, the market is fractured and possibly in the process of breaking completely.\"Einhorn's full letter is below:","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347657006,"gmtCreate":1618494691805,"gmtModify":1634292557579,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Voo never failed me&nbsp;","listText":"Voo never failed me&nbsp;","text":"Voo never failed me","images":[{"img":"https://static.tigerbbs.com/28eb295941d305ccb4e431603e7f8175","width":"1125","height":"3345"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/347657006","isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":344508310,"gmtCreate":1618413039630,"gmtModify":1634293095259,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Expc u must not fail","listText":"Expc u must not fail","text":"Expc u must not fail","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/344508310","repostId":"1106153811","repostType":4,"repost":{"id":"1106153811","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618409078,"share":"https://www.laohu8.com/m/news/1106153811?lang=&edition=full","pubTime":"2021-04-14 22:04","market":"us","language":"en","title":"Some SPACs Could Fail Outright, Research Is Paramount: Cathie Wood","url":"https://stock-news.laohu8.com/highlight/detail?id=1106153811","media":"Benzinga","summary":"An Ark Investwebinarwas held on April 13. Among the topics discussed by CEOCathie Woodand the team w","content":"<p>An Ark Investwebinarwas held on April 13. Among the topics discussed by CEOCathie Woodand the team were SPACs.</p>\n<p><b>Caution On SPACs:</b>Ark Invest and Cathie Wood have two points of view when it comes to SPACs: \"We share optimism and concern.\"</p>\n<p>Wood said the compensation structure of SPACs deprives individual investors and rewards the sponsors of SPACs.</p>\n<p>The large number of SPACs and early-stage companies going public is another cautionary item. The venture capital model of getting two out of 10 deals right is good for VC but not how equity markets operate, according to Wood.</p>\n<p>“We think there will be some accidents in the SPAC market,\" she said.</p>\n<p>Wood said&nbsp;some of the companies going public via SPAC could fail outright.</p>\n<p><b>Research Is Paramount:</b>Wood said there are too many good opportunities in the SPAC investment segment and there are some great companies going public via this option though.</p>\n<p>“We’ve known many of the companies that have been acquired by SPACs,” Wood said, adding that they watched the companies prior to them going public. Wood mentioned 3D printing and drones specifically when discussing some areas that have had good SPAC deals.</p>\n<p>“Research is paramount,\" she said.</p>\n<p>Ark Invest has invested in several SPACs over the last 12 months. Among the 3D printing and drone companies owned by the ETF company are<b>Jaws Spitfire Acquisition Corp</b>SPFR 0.17%,<b>One</b>AONE 0.09%,<b>Desktop Metal Inc</b>DM 1.16%,<b>Reinvent Technology Partners</b>RTP 0.3%,<b>Experience Investment Corp</b>EXPC 0.07%and<b>Atlas Crest Investment Corp</b>ACIC 0.07%.</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>Some SPACs Could Fail Outright, Research Is Paramount: Cathie Wood</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\">\nSome SPACs Could Fail Outright, Research Is Paramount: Cathie Wood\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-14 22:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>An Ark Investwebinarwas held on April 13. Among the topics discussed by CEOCathie Woodand the team were SPACs.</p>\n<p><b>Caution On SPACs:</b>Ark Invest and Cathie Wood have two points of view when it comes to SPACs: \"We share optimism and concern.\"</p>\n<p>Wood said the compensation structure of SPACs deprives individual investors and rewards the sponsors of SPACs.</p>\n<p>The large number of SPACs and early-stage companies going public is another cautionary item. The venture capital model of getting two out of 10 deals right is good for VC but not how equity markets operate, according to Wood.</p>\n<p>“We think there will be some accidents in the SPAC market,\" she said.</p>\n<p>Wood said&nbsp;some of the companies going public via SPAC could fail outright.</p>\n<p><b>Research Is Paramount:</b>Wood said there are too many good opportunities in the SPAC investment segment and there are some great companies going public via this option though.</p>\n<p>“We’ve known many of the companies that have been acquired by SPACs,” Wood said, adding that they watched the companies prior to them going public. Wood mentioned 3D printing and drones specifically when discussing some areas that have had good SPAC deals.</p>\n<p>“Research is paramount,\" she said.</p>\n<p>Ark Invest has invested in several SPACs over the last 12 months. Among the 3D printing and drone companies owned by the ETF company are<b>Jaws Spitfire Acquisition Corp</b>SPFR 0.17%,<b>One</b>AONE 0.09%,<b>Desktop Metal Inc</b>DM 1.16%,<b>Reinvent Technology Partners</b>RTP 0.3%,<b>Experience Investment Corp</b>EXPC 0.07%and<b>Atlas Crest Investment Corp</b>ACIC 0.07%.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106153811","content_text":"An Ark Investwebinarwas held on April 13. Among the topics discussed by CEOCathie Woodand the team were SPACs.\nCaution On SPACs:Ark Invest and Cathie Wood have two points of view when it comes to SPACs: \"We share optimism and concern.\"\nWood said the compensation structure of SPACs deprives individual investors and rewards the sponsors of SPACs.\nThe large number of SPACs and early-stage companies going public is another cautionary item. The venture capital model of getting two out of 10 deals right is good for VC but not how equity markets operate, according to Wood.\n“We think there will be some accidents in the SPAC market,\" she said.\nWood said some of the companies going public via SPAC could fail outright.\nResearch Is Paramount:Wood said there are too many good opportunities in the SPAC investment segment and there are some great companies going public via this option though.\n“We’ve known many of the companies that have been acquired by SPACs,” Wood said, adding that they watched the companies prior to them going public. Wood mentioned 3D printing and drones specifically when discussing some areas that have had good SPAC deals.\n“Research is paramount,\" she said.\nArk Invest has invested in several SPACs over the last 12 months. Among the 3D printing and drone companies owned by the ETF company areJaws Spitfire Acquisition CorpSPFR 0.17%,OneAONE 0.09%,Desktop Metal IncDM 1.16%,Reinvent Technology PartnersRTP 0.3%,Experience Investment CorpEXPC 0.07%andAtlas Crest Investment CorpACIC 0.07%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346999953,"gmtCreate":1617978205372,"gmtModify":1634295406052,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Hmmm but some accredited investors still invest similar stocks like Tesla and some Chinese stocks too..... only time will tell...","listText":"Hmmm but some accredited investors still invest similar stocks like Tesla and some Chinese stocks too..... only time will tell...","text":"Hmmm but some accredited investors still invest similar stocks like Tesla and some Chinese stocks too..... only time will tell...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346999953","repostId":"1119761514","repostType":4,"repost":{"id":"1119761514","kind":"news","pubTimestamp":1617958209,"share":"https://www.laohu8.com/m/news/1119761514?lang=&edition=full","pubTime":"2021-04-09 16:50","market":"us","language":"en","title":"ARKK's $50 Billion Problem","url":"https://stock-news.laohu8.com/highlight/detail?id=1119761514","media":"seekingalpha","summary":"Summary\n\nARKK has been one of the most successful ETFs in recent years.\nSuccess brings its own set o","content":"<p><b>Summary</b></p>\n<ul>\n <li>ARKK has been one of the most successful ETFs in recent years.</li>\n <li>Success brings its own set of challenges, namely rising assets under management.</li>\n <li>Few investment managers are able to effectively manage the amount of money that has flown to ARKK these past few months. I'm not sure that ARKK itself can do so.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42bac5d199f39bef07dcc2bc98b69f0\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Igor Kutyaev/iStock via Getty Images</span></p>\n<p>The ARK Innovation ETF (ARKK) has been one of the best-performing ETFs these past few years, due to a strong management team, and an outstanding investment strategy. Said strategy focuses on disruptive innovators, or companies developing highly innovative products with the potential for market-beating returns. ARKK's success has led to ballooning assets under management, which threaten the viability of the fund's investment strategy.</p>\n<p>ARKK has too much money, and nowhere to put it.</p>\n<p>Few asset managers can successfully manage tens of billions, none can match the triple-digit returns ARKK accomplished in the past. ARKK's investment managers will be/have been forced to pivot their strategy towards managing a portfolio of large-cap tech stocks and similar, hopefully achieving some incremental returns or alpha. Few asset managers have successfully managed similar pivots in the past, so I'm concerned about ARKK's capacity to do so.</p>\n<p>In my opinion, ARKK is no longer a compelling investment opportunity. Risks are still sky-high but potential returns are much lower, albeit still quite high. As such, I'm currently neutral about the fund.</p>\n<p><b>Peter Lynch and the Magellan Fund</b></p>\n<p>Let's start with a quick history lesson. I think it will prove instructive.</p>\n<p>Before Cathie Wood and ARKK there was Peter Lynch and the Fidelity Magellan Fund.</p>\n<p>Lynch's strategy as fund manager was quite different from that employed by ARKK. Lynch focused on more traditional large-cap U.S. equities, think General Electric (GE) or Philip Morris(NYSE:PM), and coined the phrase<i>invest in what you know</i>, which summarizes his investment philosophy. Lynch's performance track record was, however, similar to that of ARKK. Under Lynch's watch, the Magellan Fund consistently outperformed the S&amp;P 500 by double-digits, with annual returns of over 29%:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9fcf03b6b8ccbe8c49654cebd638959\" tg-width=\"527\" tg-height=\"405\"><span>Source: Yahoo.com - Chart by author</span></p>\n<p>The above downplays Lynch's performance. Consistent double-digit annual outperformance compounds very, very quickly, leading to eye-watering returns. During Lynch's fourteen-year tenure at the fund, investors saw their investments multiply&nbsp;<b>25</b>&nbsp;times in value, compared to about 5.5 times for the S&amp;P 500. Extremely few investment managers have achieved comparable results.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e02cdfb88d7c904d3f0bdf833b30dae\" tg-width=\"481\" tg-height=\"289\"><span>Source: Yahoo.com - Chart by author</span></p>\n<p>Compared to ARKK, returns were somewhat lower, but much more consistent, owing to Lynch's highly diversified portfolios.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1eb89ef2fa0e4d216260ca53133631\" tg-width=\"640\" tg-height=\"476\"><span>Source: ARKK Corporate Website</span></p>\n<p>As returns grew so did assets under management, as investors, understandably, sought to profit from Lynch's success. Under his tenure, AUM grew from $18 million to $14 billion. Magellan became the largest investment fund in the world, and Fidelity earned a lot in fees:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc1991d9fc3b4f7c987fcb4589775268\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Magellan was incredibly successful. Too successful, in fact.</p>\n<p>As AUMs grew Lynch and his team had issues generating alpha. There are only so many mispriced stocks out there, plus large funds have to take care not to move markets as they enter or exit positions. Take a look at Magellan's yearly returns above, and you'll see that outperformance decreased after 1986, when AUMs reached $4 billion. The fund also underperformed during 1987 and 1990, after, and only after, it had grown in size. Consistent double-digit outperformance and returns were easy when the fund had a billion or two in assets, more difficult when these grew to the tens of billions.</p>\n<p>Assets continued to grow. Alpha became ever more difficult to find. Management grew weary. By 1997, Fidelity decided to close the Magellan Fund to new investors, in the hopes that lower, more stable AUMs would lead to sustainable long-term alpha. AUMs stabilized, but the fund never managed to consistently outperform again:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/483a8bd392efc3391e6d930018cddd57\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Magellan was, ultimately, a victim of its own success, although Lynch left the firm and the fund before that happened. Perhaps he saw the writing on the wall, although I'm guessing he thought he could earn more money on his own.</p>\n<p>Other investment managers, including Warren Buffett, have had similar issues to Lynch, and most are quite forthcoming about the issues with managing large amounts of money.</p>\n<p>Which brings me to Wood and ARKK.</p>\n<p>ARKK started out in late 2014 as a small, niche innovation fund. AUMs were quite low at first, started to grow in 2017, and reached a respectable $1.86 billion by 2020:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c18aed663d62ec32e1965f0831b7a16\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Returns were lackluster at first, but started to improve during 2017, preceding AUM growth:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f52d824415fff6d263a510a2b003b7d\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>Then the coronavirus pandemic hit, causing a rotation towards tech and tech-adjacent stocks. ARKK was well-positioned to take advantage of these trends. The fund was heavily invested in industries like fintech and biotech, both of which saw increased revenues, earnings, share prices and valuations during the pandemic. Returns skyrocketed to triple-digits, with the fund significantly outperforming the market:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34c4c7d712147eedfe1ca64c47009a04\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>AUMs grew even faster, with the fund ballooning from less than 2 billion to over 24 billion in just over a year. Collective, actively-managed ARKK funds hold over $50 billion in assets:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27b509641ebe8e6dcea150a0c02ce5e1\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Asset growth has, however, coincided with lower returns. The fund is down more than 18% since AUMs peaked at over $25 billion:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b543438ea47c45a87a52d866239ba7aa\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>The stories seem awfully familiar.</p>\n<p>As should be clear from the above, I believe that what happened to the Magellan Fund could happen to ARKK.</p>\n<p>There is precedent for large funds to underperform. It is extremely difficult to generate alpha at scale. Most asset managers are simply unable to do so. Wood and ARKK could be the exceptions, but exceptions are rare, and investors shouldn't assume that ARKK will be one.</p>\n<p>Most of my thoughts and concerns with size are simply due to the historical precedent, hence the analysis of Lynch and Magellan. Still, I think that a close look at ARKK's strategy can help explain why size could be such a drag on the fund's performance. Let's have a look.</p>\n<p><b>ARKK Strategy Analysis</b></p>\n<p>ARKK's strategy is quite simple. The company invests in disruptive innovators, or companies developing technologies with the potential for significant world-altering effects. ARKK first selects innovation themes, basically highly innovative industries, and then selects appropriate stocks from these. I covered the fund's strategy in more depthhere.</p>\n<p>These are ARKK's ten largest holdings in January 2020, before the pandemic, and before their explosive growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c9bb0ea10ffad2b4c664a7fef70eecc3\" tg-width=\"640\" tg-height=\"235\"><span>Source: ARKK Corporate Website - Chart by author</span></p>\n<p>As can be seen above, the average ARKK holding was a small company, with a market cap below $5 billion, little in revenues or earnings, but the potential for strong revenue growth and outsized gains. The typical company was something like Crispr (CRSP), which develops gene-editing technology, or Invitae (NVTA), which develops genetic testing equipment. ARKK's job was to separate the wheat from the chaff. You want the innovative companies, you don't want the \"frauds\" like Theranos. As these are small companies, ARKK generally held a sizable percentage of their market cap. Low single digits was common, rising to double-digits for a few of the smaller names.</p>\n<p>ARKK also had large investments in mid-cap stocks like Square (SQ) and Illumina (ILMN). These were all relatively large companies, but with a strong growth pathway, and have all performed reasonably well.</p>\n<p>ARKK's largest, most controversial, and sole large-cap stake was in Tesla (TSLA). The fund's managers had identified the company as a key player in the burgeoning electric vehicle industry, and thought it offered the strongest potential returns in the entire equities market. They were right.</p>\n<p>The strategy and holdings above were very effective and profitable in the past, but shouldn't work as well as AUMs grow. This is the case for three key reasons.</p>\n<p>First, is the simple fact that a large fund can't effectively focus on small-cap stocks, there are only so many of these, and not enough for a fund with tens of billions in AUMs. As an example, ARKK had $86 million invested in CRISPR last year. For a $2 billion fund, that is a sizable investment. For a $20 billion fund, that is basically peanuts, equivalent to less than 0.5% of its holdings. It is impossible to build a high-conviction actively-managed portfolio in a very niche industry if you need hundreds of holdings, so ARKK will simply dump this aspect of its erstwhile successful investment strategy.</p>\n<p>Looking at ARKK's current largest holdings, it seems that the above is the case:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f936d1dd0ed83b4f7d7c694b9af2279c\" tg-width=\"640\" tg-height=\"186\"><span>Source: ARKK Corporate Website - Chart by author</span></p>\n<p>As can be seen above, ARKK now invests more heavily into larger corporations, with an average market capitalization of $128 billion. ARKK does a similar, more in-depth, calculation of the above, and arrives at a similar (outdated) figure:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c25a8ce3bca2b5765b34f9450feaf13\" tg-width=\"418\" tg-height=\"601\"><span>Source: ARKK Corporate Website - Chart by author</span></p>\n<p>As can be seen above, the average ARKK holding is a $122 billion corporation, quite close to Tesla's market cap last year. I think this is very telling. Tesla was the only large-cap stock ARKK's management team felt was significantly undervalued last year. Today, most of their investments are in companies like Tesla circa 2020. Did management change their perspective on these stocks, or were they forced into large-cap stocks due to rising AUMs? In my opinion, it is definitely the latter, which bodes negatively for the fund's long-term returns.</p>\n<p>Second, is the fact that insofar as ARKK<i>does</i>invest in small-cap names, the fund is forced into holding a significant portion of their float. ARKK and its sister funds own more than 10% of 29 companies, and over 25% of three:</p>\n<p><img src=\"https://static.tigerbbs.com/24db7e3904a14f5b916448f2bcdb021c\" tg-width=\"640\" tg-height=\"245\"></p>\n<p>In most cases, ARK is the biggest institutional investor of these stocks.</p>\n<p>It is very, very difficult to enter or exit into positions of these sizes. In most cases there is simply no buyer for, say, 29% of a stock like Compugen, at least not on a moment's notice. At the same time, in the vast majority of cases you can't enter or exit into a position like this without the market moving against you. Buying a 29% stake in a company will almost always mean the price of the stock increases, selling should have the opposite effect. In simple terms, ARKK is likely being forced to buy high and sell low, a dreadful combination.</p>\n<p>Third, and related to the above, is the fact that holding large stakes in small-cap stocks could prove ruinous if the fund is forced to sell its assets due to investor outflows.</p>\n<p>Let's go through a simple example to show what I mean. During the last week of February, ARKK suffered outflows of about $638 million, equivalent to about 2.7% of the value of the fund. Other ARK funds suffered similar outflows:</p>\n<p><img src=\"https://static.tigerbbs.com/ca89fe18ba14ce75565bd56bbef25abf\" tg-width=\"640\" tg-height=\"371\"></p>\n<p>ARK funds collectively hold 29% of CGEN, or42% of its float:</p>\n<p><img src=\"https://static.tigerbbs.com/449620cc1b39a874a1f0db2ce3a1785f\" tg-width=\"640\" tg-height=\"251\"></p>\n<p>Assume ARKK sold 2.7% of all of its stocks to fund that outflow, that would mean that the company would be forced to sell about 660,000 shares. Volume&nbsp;averages 1,300,000 shares, which means that ARKK selling would constitute 50% of the market for CGEN. You can't sell this much stock without measurably moving the market, meaning that ARKK would be forced to sell their CGEN stock at a sizable loss. This for a<i>2.7% reduction in AUM</i>. A larger reduction in AUM would lead to outsized losses, the fund could even conceivably have liquidity issues.</p>\n<p>Remember, ARKK is the biggest holder, by far, of several stocks. In the case of large outflows, who, exactly, would they sell these stocks to? Themselves? In practice, a buyer is likely to appear sooner or later, but not at a favorable price.</p>\n<p>These issues have proven intractable for other large investment managers to address in the past, and I see no reason why ARKK should be any different. Expect lower returns moving forward.</p>\n<p>ARKK Bull Case Revisited</p>\n<p>Finally, I wanted to remind readers that ARKK remains one of the best-performing ETFs in the market, on the back of the fund's strong management team and investment strategy. The issues, risks, and challenges presented above are very real, but management is well aware of these, and will obviously attempt to generate alpha to the best of their abilities. I'm not confident that they will succeed, but it is definitely a possibility, and investing/betting on that fact would be a reasonable enough position.</p>\n<p>One of ARKK's strengths is their transparency. ARKK's managers consistently explain their overall investment process, their thoughts on their holdings and broader market conditions, as well as issues and challenges faced by the fund. ARK's COO discussed some of the company's liquidity/trading issues in an interview with ETF Trendshere. I think the interview does a good job of presenting the other, more positive, side on the issues raised in this article.</p>\n<p><b>Conclusion</b></p>\n<p>ARKK's rapidly increasing AUMs significantly complicate matters for the fund, reducing returns while increasing the possibility of substantial losses. Investment managers generally see declining performance once assets grow, and I believe the same will likely happen to ARKK. The fund's strong investment strategy and performance track record remain enticing, but the risks are simply too high at the moment, in my opinion at least. As such, the fund is a hold for me.</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>ARKK's $50 Billion Problem</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\">\nARKK's $50 Billion Problem\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 16:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4418291-arkks-50-billion-problem><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nARKK has been one of the most successful ETFs in recent years.\nSuccess brings its own set of challenges, namely rising assets under management.\nFew investment managers are able to effectively...</p>\n\n<a href=\"https://seekingalpha.com/article/4418291-arkks-50-billion-problem\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4418291-arkks-50-billion-problem","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1119761514","content_text":"Summary\n\nARKK has been one of the most successful ETFs in recent years.\nSuccess brings its own set of challenges, namely rising assets under management.\nFew investment managers are able to effectively manage the amount of money that has flown to ARKK these past few months. I'm not sure that ARKK itself can do so.\n\nPhoto by Igor Kutyaev/iStock via Getty Images\nThe ARK Innovation ETF (ARKK) has been one of the best-performing ETFs these past few years, due to a strong management team, and an outstanding investment strategy. Said strategy focuses on disruptive innovators, or companies developing highly innovative products with the potential for market-beating returns. ARKK's success has led to ballooning assets under management, which threaten the viability of the fund's investment strategy.\nARKK has too much money, and nowhere to put it.\nFew asset managers can successfully manage tens of billions, none can match the triple-digit returns ARKK accomplished in the past. ARKK's investment managers will be/have been forced to pivot their strategy towards managing a portfolio of large-cap tech stocks and similar, hopefully achieving some incremental returns or alpha. Few asset managers have successfully managed similar pivots in the past, so I'm concerned about ARKK's capacity to do so.\nIn my opinion, ARKK is no longer a compelling investment opportunity. Risks are still sky-high but potential returns are much lower, albeit still quite high. As such, I'm currently neutral about the fund.\nPeter Lynch and the Magellan Fund\nLet's start with a quick history lesson. I think it will prove instructive.\nBefore Cathie Wood and ARKK there was Peter Lynch and the Fidelity Magellan Fund.\nLynch's strategy as fund manager was quite different from that employed by ARKK. Lynch focused on more traditional large-cap U.S. equities, think General Electric (GE) or Philip Morris(NYSE:PM), and coined the phraseinvest in what you know, which summarizes his investment philosophy. Lynch's performance track record was, however, similar to that of ARKK. Under Lynch's watch, the Magellan Fund consistently outperformed the S&P 500 by double-digits, with annual returns of over 29%:\nSource: Yahoo.com - Chart by author\nThe above downplays Lynch's performance. Consistent double-digit annual outperformance compounds very, very quickly, leading to eye-watering returns. During Lynch's fourteen-year tenure at the fund, investors saw their investments multiply 25 times in value, compared to about 5.5 times for the S&P 500. Extremely few investment managers have achieved comparable results.\nSource: Yahoo.com - Chart by author\nCompared to ARKK, returns were somewhat lower, but much more consistent, owing to Lynch's highly diversified portfolios.\nSource: ARKK Corporate Website\nAs returns grew so did assets under management, as investors, understandably, sought to profit from Lynch's success. Under his tenure, AUM grew from $18 million to $14 billion. Magellan became the largest investment fund in the world, and Fidelity earned a lot in fees:\nData by YCharts\nMagellan was incredibly successful. Too successful, in fact.\nAs AUMs grew Lynch and his team had issues generating alpha. There are only so many mispriced stocks out there, plus large funds have to take care not to move markets as they enter or exit positions. Take a look at Magellan's yearly returns above, and you'll see that outperformance decreased after 1986, when AUMs reached $4 billion. The fund also underperformed during 1987 and 1990, after, and only after, it had grown in size. Consistent double-digit outperformance and returns were easy when the fund had a billion or two in assets, more difficult when these grew to the tens of billions.\nAssets continued to grow. Alpha became ever more difficult to find. Management grew weary. By 1997, Fidelity decided to close the Magellan Fund to new investors, in the hopes that lower, more stable AUMs would lead to sustainable long-term alpha. AUMs stabilized, but the fund never managed to consistently outperform again:\nData by YCharts\nMagellan was, ultimately, a victim of its own success, although Lynch left the firm and the fund before that happened. Perhaps he saw the writing on the wall, although I'm guessing he thought he could earn more money on his own.\nOther investment managers, including Warren Buffett, have had similar issues to Lynch, and most are quite forthcoming about the issues with managing large amounts of money.\nWhich brings me to Wood and ARKK.\nARKK started out in late 2014 as a small, niche innovation fund. AUMs were quite low at first, started to grow in 2017, and reached a respectable $1.86 billion by 2020:\nData by YCharts\nReturns were lackluster at first, but started to improve during 2017, preceding AUM growth:\nData by YCharts\nThen the coronavirus pandemic hit, causing a rotation towards tech and tech-adjacent stocks. ARKK was well-positioned to take advantage of these trends. The fund was heavily invested in industries like fintech and biotech, both of which saw increased revenues, earnings, share prices and valuations during the pandemic. Returns skyrocketed to triple-digits, with the fund significantly outperforming the market:\nData by YCharts\nAUMs grew even faster, with the fund ballooning from less than 2 billion to over 24 billion in just over a year. Collective, actively-managed ARKK funds hold over $50 billion in assets:\nData by YCharts\nAsset growth has, however, coincided with lower returns. The fund is down more than 18% since AUMs peaked at over $25 billion:\nData by YCharts\nThe stories seem awfully familiar.\nAs should be clear from the above, I believe that what happened to the Magellan Fund could happen to ARKK.\nThere is precedent for large funds to underperform. It is extremely difficult to generate alpha at scale. Most asset managers are simply unable to do so. Wood and ARKK could be the exceptions, but exceptions are rare, and investors shouldn't assume that ARKK will be one.\nMost of my thoughts and concerns with size are simply due to the historical precedent, hence the analysis of Lynch and Magellan. Still, I think that a close look at ARKK's strategy can help explain why size could be such a drag on the fund's performance. Let's have a look.\nARKK Strategy Analysis\nARKK's strategy is quite simple. The company invests in disruptive innovators, or companies developing technologies with the potential for significant world-altering effects. ARKK first selects innovation themes, basically highly innovative industries, and then selects appropriate stocks from these. I covered the fund's strategy in more depthhere.\nThese are ARKK's ten largest holdings in January 2020, before the pandemic, and before their explosive growth.\nSource: ARKK Corporate Website - Chart by author\nAs can be seen above, the average ARKK holding was a small company, with a market cap below $5 billion, little in revenues or earnings, but the potential for strong revenue growth and outsized gains. The typical company was something like Crispr (CRSP), which develops gene-editing technology, or Invitae (NVTA), which develops genetic testing equipment. ARKK's job was to separate the wheat from the chaff. You want the innovative companies, you don't want the \"frauds\" like Theranos. As these are small companies, ARKK generally held a sizable percentage of their market cap. Low single digits was common, rising to double-digits for a few of the smaller names.\nARKK also had large investments in mid-cap stocks like Square (SQ) and Illumina (ILMN). These were all relatively large companies, but with a strong growth pathway, and have all performed reasonably well.\nARKK's largest, most controversial, and sole large-cap stake was in Tesla (TSLA). The fund's managers had identified the company as a key player in the burgeoning electric vehicle industry, and thought it offered the strongest potential returns in the entire equities market. They were right.\nThe strategy and holdings above were very effective and profitable in the past, but shouldn't work as well as AUMs grow. This is the case for three key reasons.\nFirst, is the simple fact that a large fund can't effectively focus on small-cap stocks, there are only so many of these, and not enough for a fund with tens of billions in AUMs. As an example, ARKK had $86 million invested in CRISPR last year. For a $2 billion fund, that is a sizable investment. For a $20 billion fund, that is basically peanuts, equivalent to less than 0.5% of its holdings. It is impossible to build a high-conviction actively-managed portfolio in a very niche industry if you need hundreds of holdings, so ARKK will simply dump this aspect of its erstwhile successful investment strategy.\nLooking at ARKK's current largest holdings, it seems that the above is the case:\nSource: ARKK Corporate Website - Chart by author\nAs can be seen above, ARKK now invests more heavily into larger corporations, with an average market capitalization of $128 billion. ARKK does a similar, more in-depth, calculation of the above, and arrives at a similar (outdated) figure:\nSource: ARKK Corporate Website - Chart by author\nAs can be seen above, the average ARKK holding is a $122 billion corporation, quite close to Tesla's market cap last year. I think this is very telling. Tesla was the only large-cap stock ARKK's management team felt was significantly undervalued last year. Today, most of their investments are in companies like Tesla circa 2020. Did management change their perspective on these stocks, or were they forced into large-cap stocks due to rising AUMs? In my opinion, it is definitely the latter, which bodes negatively for the fund's long-term returns.\nSecond, is the fact that insofar as ARKKdoesinvest in small-cap names, the fund is forced into holding a significant portion of their float. ARKK and its sister funds own more than 10% of 29 companies, and over 25% of three:\n\nIn most cases, ARK is the biggest institutional investor of these stocks.\nIt is very, very difficult to enter or exit into positions of these sizes. In most cases there is simply no buyer for, say, 29% of a stock like Compugen, at least not on a moment's notice. At the same time, in the vast majority of cases you can't enter or exit into a position like this without the market moving against you. Buying a 29% stake in a company will almost always mean the price of the stock increases, selling should have the opposite effect. In simple terms, ARKK is likely being forced to buy high and sell low, a dreadful combination.\nThird, and related to the above, is the fact that holding large stakes in small-cap stocks could prove ruinous if the fund is forced to sell its assets due to investor outflows.\nLet's go through a simple example to show what I mean. During the last week of February, ARKK suffered outflows of about $638 million, equivalent to about 2.7% of the value of the fund. Other ARK funds suffered similar outflows:\n\nARK funds collectively hold 29% of CGEN, or42% of its float:\n\nAssume ARKK sold 2.7% of all of its stocks to fund that outflow, that would mean that the company would be forced to sell about 660,000 shares. Volume averages 1,300,000 shares, which means that ARKK selling would constitute 50% of the market for CGEN. You can't sell this much stock without measurably moving the market, meaning that ARKK would be forced to sell their CGEN stock at a sizable loss. This for a2.7% reduction in AUM. A larger reduction in AUM would lead to outsized losses, the fund could even conceivably have liquidity issues.\nRemember, ARKK is the biggest holder, by far, of several stocks. In the case of large outflows, who, exactly, would they sell these stocks to? Themselves? In practice, a buyer is likely to appear sooner or later, but not at a favorable price.\nThese issues have proven intractable for other large investment managers to address in the past, and I see no reason why ARKK should be any different. Expect lower returns moving forward.\nARKK Bull Case Revisited\nFinally, I wanted to remind readers that ARKK remains one of the best-performing ETFs in the market, on the back of the fund's strong management team and investment strategy. The issues, risks, and challenges presented above are very real, but management is well aware of these, and will obviously attempt to generate alpha to the best of their abilities. I'm not confident that they will succeed, but it is definitely a possibility, and investing/betting on that fact would be a reasonable enough position.\nOne of ARKK's strengths is their transparency. ARKK's managers consistently explain their overall investment process, their thoughts on their holdings and broader market conditions, as well as issues and challenges faced by the fund. ARK's COO discussed some of the company's liquidity/trading issues in an interview with ETF Trendshere. I think the interview does a good job of presenting the other, more positive, side on the issues raised in this article.\nConclusion\nARKK's rapidly increasing AUMs significantly complicate matters for the fund, reducing returns while increasing the possibility of substantial losses. Investment managers generally see declining performance once assets grow, and I believe the same will likely happen to ARKK. The fund's strong investment strategy and performance track record remain enticing, but the risks are simply too high at the moment, in my opinion at least. As such, the fund is a hold for me.","news_type":1},"isVote":1,"tweetType":1,"viewCount":270,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346990844,"gmtCreate":1617978191188,"gmtModify":1634295406516,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Hmmm but some accredited investors still invest similar stocks like Tesla and some Chinese stocks too..... only time will tell...","listText":"Hmmm but some accredited investors still invest similar stocks like Tesla and some Chinese stocks too..... only time will tell...","text":"Hmmm but some accredited investors still invest similar stocks like Tesla and some Chinese stocks too..... only time will tell...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/346990844","repostId":"1119761514","repostType":4,"repost":{"id":"1119761514","kind":"news","pubTimestamp":1617958209,"share":"https://www.laohu8.com/m/news/1119761514?lang=&edition=full","pubTime":"2021-04-09 16:50","market":"us","language":"en","title":"ARKK's $50 Billion Problem","url":"https://stock-news.laohu8.com/highlight/detail?id=1119761514","media":"seekingalpha","summary":"Summary\n\nARKK has been one of the most successful ETFs in recent years.\nSuccess brings its own set o","content":"<p><b>Summary</b></p>\n<ul>\n <li>ARKK has been one of the most successful ETFs in recent years.</li>\n <li>Success brings its own set of challenges, namely rising assets under management.</li>\n <li>Few investment managers are able to effectively manage the amount of money that has flown to ARKK these past few months. I'm not sure that ARKK itself can do so.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c42bac5d199f39bef07dcc2bc98b69f0\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Igor Kutyaev/iStock via Getty Images</span></p>\n<p>The ARK Innovation ETF (ARKK) has been one of the best-performing ETFs these past few years, due to a strong management team, and an outstanding investment strategy. Said strategy focuses on disruptive innovators, or companies developing highly innovative products with the potential for market-beating returns. ARKK's success has led to ballooning assets under management, which threaten the viability of the fund's investment strategy.</p>\n<p>ARKK has too much money, and nowhere to put it.</p>\n<p>Few asset managers can successfully manage tens of billions, none can match the triple-digit returns ARKK accomplished in the past. ARKK's investment managers will be/have been forced to pivot their strategy towards managing a portfolio of large-cap tech stocks and similar, hopefully achieving some incremental returns or alpha. Few asset managers have successfully managed similar pivots in the past, so I'm concerned about ARKK's capacity to do so.</p>\n<p>In my opinion, ARKK is no longer a compelling investment opportunity. Risks are still sky-high but potential returns are much lower, albeit still quite high. As such, I'm currently neutral about the fund.</p>\n<p><b>Peter Lynch and the Magellan Fund</b></p>\n<p>Let's start with a quick history lesson. I think it will prove instructive.</p>\n<p>Before Cathie Wood and ARKK there was Peter Lynch and the Fidelity Magellan Fund.</p>\n<p>Lynch's strategy as fund manager was quite different from that employed by ARKK. Lynch focused on more traditional large-cap U.S. equities, think General Electric (GE) or Philip Morris(NYSE:PM), and coined the phrase<i>invest in what you know</i>, which summarizes his investment philosophy. Lynch's performance track record was, however, similar to that of ARKK. Under Lynch's watch, the Magellan Fund consistently outperformed the S&amp;P 500 by double-digits, with annual returns of over 29%:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e9fcf03b6b8ccbe8c49654cebd638959\" tg-width=\"527\" tg-height=\"405\"><span>Source: Yahoo.com - Chart by author</span></p>\n<p>The above downplays Lynch's performance. Consistent double-digit annual outperformance compounds very, very quickly, leading to eye-watering returns. During Lynch's fourteen-year tenure at the fund, investors saw their investments multiply&nbsp;<b>25</b>&nbsp;times in value, compared to about 5.5 times for the S&amp;P 500. Extremely few investment managers have achieved comparable results.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e02cdfb88d7c904d3f0bdf833b30dae\" tg-width=\"481\" tg-height=\"289\"><span>Source: Yahoo.com - Chart by author</span></p>\n<p>Compared to ARKK, returns were somewhat lower, but much more consistent, owing to Lynch's highly diversified portfolios.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b1eb89ef2fa0e4d216260ca53133631\" tg-width=\"640\" tg-height=\"476\"><span>Source: ARKK Corporate Website</span></p>\n<p>As returns grew so did assets under management, as investors, understandably, sought to profit from Lynch's success. Under his tenure, AUM grew from $18 million to $14 billion. Magellan became the largest investment fund in the world, and Fidelity earned a lot in fees:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc1991d9fc3b4f7c987fcb4589775268\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Magellan was incredibly successful. Too successful, in fact.</p>\n<p>As AUMs grew Lynch and his team had issues generating alpha. There are only so many mispriced stocks out there, plus large funds have to take care not to move markets as they enter or exit positions. Take a look at Magellan's yearly returns above, and you'll see that outperformance decreased after 1986, when AUMs reached $4 billion. The fund also underperformed during 1987 and 1990, after, and only after, it had grown in size. Consistent double-digit outperformance and returns were easy when the fund had a billion or two in assets, more difficult when these grew to the tens of billions.</p>\n<p>Assets continued to grow. Alpha became ever more difficult to find. Management grew weary. By 1997, Fidelity decided to close the Magellan Fund to new investors, in the hopes that lower, more stable AUMs would lead to sustainable long-term alpha. AUMs stabilized, but the fund never managed to consistently outperform again:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/483a8bd392efc3391e6d930018cddd57\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Magellan was, ultimately, a victim of its own success, although Lynch left the firm and the fund before that happened. Perhaps he saw the writing on the wall, although I'm guessing he thought he could earn more money on his own.</p>\n<p>Other investment managers, including Warren Buffett, have had similar issues to Lynch, and most are quite forthcoming about the issues with managing large amounts of money.</p>\n<p>Which brings me to Wood and ARKK.</p>\n<p>ARKK started out in late 2014 as a small, niche innovation fund. AUMs were quite low at first, started to grow in 2017, and reached a respectable $1.86 billion by 2020:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6c18aed663d62ec32e1965f0831b7a16\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Returns were lackluster at first, but started to improve during 2017, preceding AUM growth:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0f52d824415fff6d263a510a2b003b7d\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>Then the coronavirus pandemic hit, causing a rotation towards tech and tech-adjacent stocks. ARKK was well-positioned to take advantage of these trends. The fund was heavily invested in industries like fintech and biotech, both of which saw increased revenues, earnings, share prices and valuations during the pandemic. Returns skyrocketed to triple-digits, with the fund significantly outperforming the market:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34c4c7d712147eedfe1ca64c47009a04\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>AUMs grew even faster, with the fund ballooning from less than 2 billion to over 24 billion in just over a year. Collective, actively-managed ARKK funds hold over $50 billion in assets:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27b509641ebe8e6dcea150a0c02ce5e1\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>Asset growth has, however, coincided with lower returns. The fund is down more than 18% since AUMs peaked at over $25 billion:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b543438ea47c45a87a52d866239ba7aa\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>The stories seem awfully familiar.</p>\n<p>As should be clear from the above, I believe that what happened to the Magellan Fund could happen to ARKK.</p>\n<p>There is precedent for large funds to underperform. It is extremely difficult to generate alpha at scale. Most asset managers are simply unable to do so. Wood and ARKK could be the exceptions, but exceptions are rare, and investors shouldn't assume that ARKK will be one.</p>\n<p>Most of my thoughts and concerns with size are simply due to the historical precedent, hence the analysis of Lynch and Magellan. Still, I think that a close look at ARKK's strategy can help explain why size could be such a drag on the fund's performance. Let's have a look.</p>\n<p><b>ARKK Strategy Analysis</b></p>\n<p>ARKK's strategy is quite simple. The company invests in disruptive innovators, or companies developing technologies with the potential for significant world-altering effects. ARKK first selects innovation themes, basically highly innovative industries, and then selects appropriate stocks from these. I covered the fund's strategy in more depthhere.</p>\n<p>These are ARKK's ten largest holdings in January 2020, before the pandemic, and before their explosive growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c9bb0ea10ffad2b4c664a7fef70eecc3\" tg-width=\"640\" tg-height=\"235\"><span>Source: ARKK Corporate Website - Chart by author</span></p>\n<p>As can be seen above, the average ARKK holding was a small company, with a market cap below $5 billion, little in revenues or earnings, but the potential for strong revenue growth and outsized gains. The typical company was something like Crispr (CRSP), which develops gene-editing technology, or Invitae (NVTA), which develops genetic testing equipment. ARKK's job was to separate the wheat from the chaff. You want the innovative companies, you don't want the \"frauds\" like Theranos. As these are small companies, ARKK generally held a sizable percentage of their market cap. Low single digits was common, rising to double-digits for a few of the smaller names.</p>\n<p>ARKK also had large investments in mid-cap stocks like Square (SQ) and Illumina (ILMN). These were all relatively large companies, but with a strong growth pathway, and have all performed reasonably well.</p>\n<p>ARKK's largest, most controversial, and sole large-cap stake was in Tesla (TSLA). The fund's managers had identified the company as a key player in the burgeoning electric vehicle industry, and thought it offered the strongest potential returns in the entire equities market. They were right.</p>\n<p>The strategy and holdings above were very effective and profitable in the past, but shouldn't work as well as AUMs grow. This is the case for three key reasons.</p>\n<p>First, is the simple fact that a large fund can't effectively focus on small-cap stocks, there are only so many of these, and not enough for a fund with tens of billions in AUMs. As an example, ARKK had $86 million invested in CRISPR last year. For a $2 billion fund, that is a sizable investment. For a $20 billion fund, that is basically peanuts, equivalent to less than 0.5% of its holdings. It is impossible to build a high-conviction actively-managed portfolio in a very niche industry if you need hundreds of holdings, so ARKK will simply dump this aspect of its erstwhile successful investment strategy.</p>\n<p>Looking at ARKK's current largest holdings, it seems that the above is the case:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f936d1dd0ed83b4f7d7c694b9af2279c\" tg-width=\"640\" tg-height=\"186\"><span>Source: ARKK Corporate Website - Chart by author</span></p>\n<p>As can be seen above, ARKK now invests more heavily into larger corporations, with an average market capitalization of $128 billion. ARKK does a similar, more in-depth, calculation of the above, and arrives at a similar (outdated) figure:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c25a8ce3bca2b5765b34f9450feaf13\" tg-width=\"418\" tg-height=\"601\"><span>Source: ARKK Corporate Website - Chart by author</span></p>\n<p>As can be seen above, the average ARKK holding is a $122 billion corporation, quite close to Tesla's market cap last year. I think this is very telling. Tesla was the only large-cap stock ARKK's management team felt was significantly undervalued last year. Today, most of their investments are in companies like Tesla circa 2020. Did management change their perspective on these stocks, or were they forced into large-cap stocks due to rising AUMs? In my opinion, it is definitely the latter, which bodes negatively for the fund's long-term returns.</p>\n<p>Second, is the fact that insofar as ARKK<i>does</i>invest in small-cap names, the fund is forced into holding a significant portion of their float. ARKK and its sister funds own more than 10% of 29 companies, and over 25% of three:</p>\n<p><img src=\"https://static.tigerbbs.com/24db7e3904a14f5b916448f2bcdb021c\" tg-width=\"640\" tg-height=\"245\"></p>\n<p>In most cases, ARK is the biggest institutional investor of these stocks.</p>\n<p>It is very, very difficult to enter or exit into positions of these sizes. In most cases there is simply no buyer for, say, 29% of a stock like Compugen, at least not on a moment's notice. At the same time, in the vast majority of cases you can't enter or exit into a position like this without the market moving against you. Buying a 29% stake in a company will almost always mean the price of the stock increases, selling should have the opposite effect. In simple terms, ARKK is likely being forced to buy high and sell low, a dreadful combination.</p>\n<p>Third, and related to the above, is the fact that holding large stakes in small-cap stocks could prove ruinous if the fund is forced to sell its assets due to investor outflows.</p>\n<p>Let's go through a simple example to show what I mean. During the last week of February, ARKK suffered outflows of about $638 million, equivalent to about 2.7% of the value of the fund. Other ARK funds suffered similar outflows:</p>\n<p><img src=\"https://static.tigerbbs.com/ca89fe18ba14ce75565bd56bbef25abf\" tg-width=\"640\" tg-height=\"371\"></p>\n<p>ARK funds collectively hold 29% of CGEN, or42% of its float:</p>\n<p><img src=\"https://static.tigerbbs.com/449620cc1b39a874a1f0db2ce3a1785f\" tg-width=\"640\" tg-height=\"251\"></p>\n<p>Assume ARKK sold 2.7% of all of its stocks to fund that outflow, that would mean that the company would be forced to sell about 660,000 shares. Volume&nbsp;averages 1,300,000 shares, which means that ARKK selling would constitute 50% of the market for CGEN. You can't sell this much stock without measurably moving the market, meaning that ARKK would be forced to sell their CGEN stock at a sizable loss. This for a<i>2.7% reduction in AUM</i>. A larger reduction in AUM would lead to outsized losses, the fund could even conceivably have liquidity issues.</p>\n<p>Remember, ARKK is the biggest holder, by far, of several stocks. In the case of large outflows, who, exactly, would they sell these stocks to? Themselves? In practice, a buyer is likely to appear sooner or later, but not at a favorable price.</p>\n<p>These issues have proven intractable for other large investment managers to address in the past, and I see no reason why ARKK should be any different. Expect lower returns moving forward.</p>\n<p>ARKK Bull Case Revisited</p>\n<p>Finally, I wanted to remind readers that ARKK remains one of the best-performing ETFs in the market, on the back of the fund's strong management team and investment strategy. The issues, risks, and challenges presented above are very real, but management is well aware of these, and will obviously attempt to generate alpha to the best of their abilities. I'm not confident that they will succeed, but it is definitely a possibility, and investing/betting on that fact would be a reasonable enough position.</p>\n<p>One of ARKK's strengths is their transparency. ARKK's managers consistently explain their overall investment process, their thoughts on their holdings and broader market conditions, as well as issues and challenges faced by the fund. ARK's COO discussed some of the company's liquidity/trading issues in an interview with ETF Trendshere. I think the interview does a good job of presenting the other, more positive, side on the issues raised in this article.</p>\n<p><b>Conclusion</b></p>\n<p>ARKK's rapidly increasing AUMs significantly complicate matters for the fund, reducing returns while increasing the possibility of substantial losses. Investment managers generally see declining performance once assets grow, and I believe the same will likely happen to ARKK. The fund's strong investment strategy and performance track record remain enticing, but the risks are simply too high at the moment, in my opinion at least. As such, the fund is a hold for me.</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>ARKK's $50 Billion Problem</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\">\nARKK's $50 Billion Problem\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 16:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4418291-arkks-50-billion-problem><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nARKK has been one of the most successful ETFs in recent years.\nSuccess brings its own set of challenges, namely rising assets under management.\nFew investment managers are able to effectively...</p>\n\n<a href=\"https://seekingalpha.com/article/4418291-arkks-50-billion-problem\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4418291-arkks-50-billion-problem","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1119761514","content_text":"Summary\n\nARKK has been one of the most successful ETFs in recent years.\nSuccess brings its own set of challenges, namely rising assets under management.\nFew investment managers are able to effectively manage the amount of money that has flown to ARKK these past few months. I'm not sure that ARKK itself can do so.\n\nPhoto by Igor Kutyaev/iStock via Getty Images\nThe ARK Innovation ETF (ARKK) has been one of the best-performing ETFs these past few years, due to a strong management team, and an outstanding investment strategy. Said strategy focuses on disruptive innovators, or companies developing highly innovative products with the potential for market-beating returns. ARKK's success has led to ballooning assets under management, which threaten the viability of the fund's investment strategy.\nARKK has too much money, and nowhere to put it.\nFew asset managers can successfully manage tens of billions, none can match the triple-digit returns ARKK accomplished in the past. ARKK's investment managers will be/have been forced to pivot their strategy towards managing a portfolio of large-cap tech stocks and similar, hopefully achieving some incremental returns or alpha. Few asset managers have successfully managed similar pivots in the past, so I'm concerned about ARKK's capacity to do so.\nIn my opinion, ARKK is no longer a compelling investment opportunity. Risks are still sky-high but potential returns are much lower, albeit still quite high. As such, I'm currently neutral about the fund.\nPeter Lynch and the Magellan Fund\nLet's start with a quick history lesson. I think it will prove instructive.\nBefore Cathie Wood and ARKK there was Peter Lynch and the Fidelity Magellan Fund.\nLynch's strategy as fund manager was quite different from that employed by ARKK. Lynch focused on more traditional large-cap U.S. equities, think General Electric (GE) or Philip Morris(NYSE:PM), and coined the phraseinvest in what you know, which summarizes his investment philosophy. Lynch's performance track record was, however, similar to that of ARKK. Under Lynch's watch, the Magellan Fund consistently outperformed the S&P 500 by double-digits, with annual returns of over 29%:\nSource: Yahoo.com - Chart by author\nThe above downplays Lynch's performance. Consistent double-digit annual outperformance compounds very, very quickly, leading to eye-watering returns. During Lynch's fourteen-year tenure at the fund, investors saw their investments multiply 25 times in value, compared to about 5.5 times for the S&P 500. Extremely few investment managers have achieved comparable results.\nSource: Yahoo.com - Chart by author\nCompared to ARKK, returns were somewhat lower, but much more consistent, owing to Lynch's highly diversified portfolios.\nSource: ARKK Corporate Website\nAs returns grew so did assets under management, as investors, understandably, sought to profit from Lynch's success. Under his tenure, AUM grew from $18 million to $14 billion. Magellan became the largest investment fund in the world, and Fidelity earned a lot in fees:\nData by YCharts\nMagellan was incredibly successful. Too successful, in fact.\nAs AUMs grew Lynch and his team had issues generating alpha. There are only so many mispriced stocks out there, plus large funds have to take care not to move markets as they enter or exit positions. Take a look at Magellan's yearly returns above, and you'll see that outperformance decreased after 1986, when AUMs reached $4 billion. The fund also underperformed during 1987 and 1990, after, and only after, it had grown in size. Consistent double-digit outperformance and returns were easy when the fund had a billion or two in assets, more difficult when these grew to the tens of billions.\nAssets continued to grow. Alpha became ever more difficult to find. Management grew weary. By 1997, Fidelity decided to close the Magellan Fund to new investors, in the hopes that lower, more stable AUMs would lead to sustainable long-term alpha. AUMs stabilized, but the fund never managed to consistently outperform again:\nData by YCharts\nMagellan was, ultimately, a victim of its own success, although Lynch left the firm and the fund before that happened. Perhaps he saw the writing on the wall, although I'm guessing he thought he could earn more money on his own.\nOther investment managers, including Warren Buffett, have had similar issues to Lynch, and most are quite forthcoming about the issues with managing large amounts of money.\nWhich brings me to Wood and ARKK.\nARKK started out in late 2014 as a small, niche innovation fund. AUMs were quite low at first, started to grow in 2017, and reached a respectable $1.86 billion by 2020:\nData by YCharts\nReturns were lackluster at first, but started to improve during 2017, preceding AUM growth:\nData by YCharts\nThen the coronavirus pandemic hit, causing a rotation towards tech and tech-adjacent stocks. ARKK was well-positioned to take advantage of these trends. The fund was heavily invested in industries like fintech and biotech, both of which saw increased revenues, earnings, share prices and valuations during the pandemic. Returns skyrocketed to triple-digits, with the fund significantly outperforming the market:\nData by YCharts\nAUMs grew even faster, with the fund ballooning from less than 2 billion to over 24 billion in just over a year. Collective, actively-managed ARKK funds hold over $50 billion in assets:\nData by YCharts\nAsset growth has, however, coincided with lower returns. The fund is down more than 18% since AUMs peaked at over $25 billion:\nData by YCharts\nThe stories seem awfully familiar.\nAs should be clear from the above, I believe that what happened to the Magellan Fund could happen to ARKK.\nThere is precedent for large funds to underperform. It is extremely difficult to generate alpha at scale. Most asset managers are simply unable to do so. Wood and ARKK could be the exceptions, but exceptions are rare, and investors shouldn't assume that ARKK will be one.\nMost of my thoughts and concerns with size are simply due to the historical precedent, hence the analysis of Lynch and Magellan. Still, I think that a close look at ARKK's strategy can help explain why size could be such a drag on the fund's performance. Let's have a look.\nARKK Strategy Analysis\nARKK's strategy is quite simple. The company invests in disruptive innovators, or companies developing technologies with the potential for significant world-altering effects. ARKK first selects innovation themes, basically highly innovative industries, and then selects appropriate stocks from these. I covered the fund's strategy in more depthhere.\nThese are ARKK's ten largest holdings in January 2020, before the pandemic, and before their explosive growth.\nSource: ARKK Corporate Website - Chart by author\nAs can be seen above, the average ARKK holding was a small company, with a market cap below $5 billion, little in revenues or earnings, but the potential for strong revenue growth and outsized gains. The typical company was something like Crispr (CRSP), which develops gene-editing technology, or Invitae (NVTA), which develops genetic testing equipment. ARKK's job was to separate the wheat from the chaff. You want the innovative companies, you don't want the \"frauds\" like Theranos. As these are small companies, ARKK generally held a sizable percentage of their market cap. Low single digits was common, rising to double-digits for a few of the smaller names.\nARKK also had large investments in mid-cap stocks like Square (SQ) and Illumina (ILMN). These were all relatively large companies, but with a strong growth pathway, and have all performed reasonably well.\nARKK's largest, most controversial, and sole large-cap stake was in Tesla (TSLA). The fund's managers had identified the company as a key player in the burgeoning electric vehicle industry, and thought it offered the strongest potential returns in the entire equities market. They were right.\nThe strategy and holdings above were very effective and profitable in the past, but shouldn't work as well as AUMs grow. This is the case for three key reasons.\nFirst, is the simple fact that a large fund can't effectively focus on small-cap stocks, there are only so many of these, and not enough for a fund with tens of billions in AUMs. As an example, ARKK had $86 million invested in CRISPR last year. For a $2 billion fund, that is a sizable investment. For a $20 billion fund, that is basically peanuts, equivalent to less than 0.5% of its holdings. It is impossible to build a high-conviction actively-managed portfolio in a very niche industry if you need hundreds of holdings, so ARKK will simply dump this aspect of its erstwhile successful investment strategy.\nLooking at ARKK's current largest holdings, it seems that the above is the case:\nSource: ARKK Corporate Website - Chart by author\nAs can be seen above, ARKK now invests more heavily into larger corporations, with an average market capitalization of $128 billion. ARKK does a similar, more in-depth, calculation of the above, and arrives at a similar (outdated) figure:\nSource: ARKK Corporate Website - Chart by author\nAs can be seen above, the average ARKK holding is a $122 billion corporation, quite close to Tesla's market cap last year. I think this is very telling. Tesla was the only large-cap stock ARKK's management team felt was significantly undervalued last year. Today, most of their investments are in companies like Tesla circa 2020. Did management change their perspective on these stocks, or were they forced into large-cap stocks due to rising AUMs? In my opinion, it is definitely the latter, which bodes negatively for the fund's long-term returns.\nSecond, is the fact that insofar as ARKKdoesinvest in small-cap names, the fund is forced into holding a significant portion of their float. ARKK and its sister funds own more than 10% of 29 companies, and over 25% of three:\n\nIn most cases, ARK is the biggest institutional investor of these stocks.\nIt is very, very difficult to enter or exit into positions of these sizes. In most cases there is simply no buyer for, say, 29% of a stock like Compugen, at least not on a moment's notice. At the same time, in the vast majority of cases you can't enter or exit into a position like this without the market moving against you. Buying a 29% stake in a company will almost always mean the price of the stock increases, selling should have the opposite effect. In simple terms, ARKK is likely being forced to buy high and sell low, a dreadful combination.\nThird, and related to the above, is the fact that holding large stakes in small-cap stocks could prove ruinous if the fund is forced to sell its assets due to investor outflows.\nLet's go through a simple example to show what I mean. During the last week of February, ARKK suffered outflows of about $638 million, equivalent to about 2.7% of the value of the fund. Other ARK funds suffered similar outflows:\n\nARK funds collectively hold 29% of CGEN, or42% of its float:\n\nAssume ARKK sold 2.7% of all of its stocks to fund that outflow, that would mean that the company would be forced to sell about 660,000 shares. Volume averages 1,300,000 shares, which means that ARKK selling would constitute 50% of the market for CGEN. You can't sell this much stock without measurably moving the market, meaning that ARKK would be forced to sell their CGEN stock at a sizable loss. This for a2.7% reduction in AUM. A larger reduction in AUM would lead to outsized losses, the fund could even conceivably have liquidity issues.\nRemember, ARKK is the biggest holder, by far, of several stocks. In the case of large outflows, who, exactly, would they sell these stocks to? Themselves? In practice, a buyer is likely to appear sooner or later, but not at a favorable price.\nThese issues have proven intractable for other large investment managers to address in the past, and I see no reason why ARKK should be any different. Expect lower returns moving forward.\nARKK Bull Case Revisited\nFinally, I wanted to remind readers that ARKK remains one of the best-performing ETFs in the market, on the back of the fund's strong management team and investment strategy. The issues, risks, and challenges presented above are very real, but management is well aware of these, and will obviously attempt to generate alpha to the best of their abilities. I'm not confident that they will succeed, but it is definitely a possibility, and investing/betting on that fact would be a reasonable enough position.\nOne of ARKK's strengths is their transparency. ARKK's managers consistently explain their overall investment process, their thoughts on their holdings and broader market conditions, as well as issues and challenges faced by the fund. ARK's COO discussed some of the company's liquidity/trading issues in an interview with ETF Trendshere. I think the interview does a good job of presenting the other, more positive, side on the issues raised in this article.\nConclusion\nARKK's rapidly increasing AUMs significantly complicate matters for the fund, reducing returns while increasing the possibility of substantial losses. Investment managers generally see declining performance once assets grow, and I believe the same will likely happen to ARKK. The fund's strong investment strategy and performance track record remain enticing, but the risks are simply too high at the moment, in my opinion at least. As such, the fund is a hold for me.","news_type":1},"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340888878,"gmtCreate":1617372158794,"gmtModify":1634521200928,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Biden just on board he will not make it crash, butend of the year 2021 we need to be careful.","listText":"Biden just on board he will not make it crash, butend of the year 2021 we need to be careful.","text":"Biden just on board he will not make it crash, butend of the year 2021 we need to be careful.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340888878","repostId":"1191998262","repostType":4,"repost":{"id":"1191998262","kind":"news","pubTimestamp":1617366158,"share":"https://www.laohu8.com/m/news/1191998262?lang=&edition=full","pubTime":"2021-04-02 20:22","market":"us","language":"en","title":"How Likely Is a Stock Market Crash?","url":"https://stock-news.laohu8.com/highlight/detail?id=1191998262","media":"Motley Fool","summary":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-b","content":"<blockquote>\n You may not like the answer.\n</blockquote>\n<p>For the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmark<b>S&amp;P 500</b>(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.</p>\n<p>But there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.</p>\n<p>It begs the question: How likely is astock market crash? Let's take a closer look.</p>\n<p><b>Double-digit declines occur every 1.87 years, on average</b></p>\n<p>To begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&amp;P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&amp;P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.</p>\n<p>However, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.</p>\n<p>We could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.</p>\n<p><b>Corrections have been an historical given within three years of a bear market bottom</b></p>\n<p>Another interesting piece of evidence to examine is the frequency by which the S&amp;P 500 corrects after hitting a bear-market bottom.</p>\n<p>Since the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).</p>\n<p>Put another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.</p>\n<p><b>Crashes frequently occur when this valuation metric is hit</b></p>\n<p>But the most damning bit of evidence might just be the S&amp;P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.</p>\n<p>As of the close of business on March 30, the S&amp;P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.</p>\n<p>To some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.</p>\n<p>However, previous instances of the S&amp;P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.</p>\n<p><b>Keep that cash handy in the event that opportunity knocks</b></p>\n<p>To circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.</p>\n<p>While this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.</p>\n<p>The reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&amp;P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&amp;P 500 been negative.</p>\n<p>If you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&amp;P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.</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>How Likely Is a Stock Market Crash?</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\">\nHow Likely Is a Stock Market Crash?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191998262","content_text":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.\nBut there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.\nIt begs the question: How likely is astock market crash? Let's take a closer look.\nDouble-digit declines occur every 1.87 years, on average\nTo begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.\nHowever, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.\nWe could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.\nCorrections have been an historical given within three years of a bear market bottom\nAnother interesting piece of evidence to examine is the frequency by which the S&P 500 corrects after hitting a bear-market bottom.\nSince the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).\nPut another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.\nCrashes frequently occur when this valuation metric is hit\nBut the most damning bit of evidence might just be the S&P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.\nAs of the close of business on March 30, the S&P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.\nTo some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.\nHowever, previous instances of the S&P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.\nKeep that cash handy in the event that opportunity knocks\nTo circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.\nWhile this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.\nThe reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&P 500 been negative.\nIf you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355754661,"gmtCreate":1617109048053,"gmtModify":1634522623323,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355754661","repostId":"1185496367","repostType":4,"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356122626,"gmtCreate":1616765812165,"gmtModify":1634524120029,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Pls let it grow already! Don’t be jealous of Chamath and those who bought Bitcoin long time ago.... I prophesied btc will grow $286k end year 2021","listText":"Pls let it grow already! Don’t be jealous of Chamath and those who bought Bitcoin long time ago.... I prophesied btc will grow $286k end year 2021","text":"Pls let it grow already! Don’t be jealous of Chamath and those who bought Bitcoin long time ago.... I prophesied btc will grow $286k end year 2021","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356122626","repostId":"1141702651","repostType":4,"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356167956,"gmtCreate":1616765604575,"gmtModify":1634524124188,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Baby Nio u must 真气. U r the Chinese proud! 加油","listText":"Baby Nio u must 真气. U r the Chinese proud! 加油","text":"Baby Nio u must 真气. U r the Chinese proud! 加油","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356167956","repostId":"1147585149","repostType":4,"isVote":1,"tweetType":1,"viewCount":1008,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":368579603,"gmtCreate":1614342659102,"gmtModify":1703476633573,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EXPC\">$Experience Investment Corp.(EXPC)$</a>I will hold u up like the wood sister","listText":"<a href=\"https://laohu8.com/S/EXPC\">$Experience Investment Corp.(EXPC)$</a>I will hold u up like the wood sister","text":"$Experience Investment Corp.(EXPC)$I will hold u up like the wood sister","images":[{"img":"https://static.tigerbbs.com/bcacf2107c6295e1917cf65694ce4c8a","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/368579603","isVote":1,"tweetType":1,"viewCount":752,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574655433344023","authorId":"3574655433344023","name":"小艾九九","avatar":"https://static.tigerbbs.com/501760cf80bd16b85e5610129255bd67","crmLevel":3,"crmLevelSwitch":0,"idStr":"3574655433344023","authorIdStr":"3574655433344023"},"content":"这个公司是不是要合并","text":"这个公司是不是要合并","html":"这个公司是不是要合并"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327689543,"gmtCreate":1616080163782,"gmtModify":1634527325978,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Yay!!! Disney can u pls go down","listText":"Yay!!! Disney can u pls go down","text":"Yay!!! Disney can u pls go down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/327689543","repostId":"1172934216","repostType":4,"repost":{"id":"1172934216","kind":"news","pubTimestamp":1616077569,"share":"https://www.laohu8.com/m/news/1172934216?lang=&edition=full","pubTime":"2021-03-18 22:26","market":"us","language":"en","title":"Investors really hate tech stocks right now— but should they?","url":"https://stock-news.laohu8.com/highlight/detail?id=1172934216","media":"yahoo","summary":"There is no love for hot tech stocks right now, but strategists say eventually that will change because commonsense says it should change.Nevertheless, the lack of love for tech is growing palpable as positions areslashed amid the rise in 10-year yields and a rotation into value stocks.Fund managers cut their tech weighting to the lowest overweight position since January 2009,according to a new survey out this week from Bank of America. The survey found that while 34% of fund managers view being","content":"<p>There is no love for hot tech stocks right now, but strategists say eventually that will change because commonsense says it&nbsp;should&nbsp;change.</p><p>Nevertheless, the lack of love for tech is growing palpable as positions areslashed amid the rise in 10-year yields and a rotation into value stocks.</p><p>Fund managers cut their tech weighting to the lowest overweight position since January 2009,according to a new survey out this week from Bank of America. The survey found that while 34% of fund managers view being long tech as a crowded trade, the figure is sharp decline from the 80% polled in Sept. 20.</p><p>The somewhat bearish assessment of tech on the Street reflects noticeable sell-offs in proven tech winners this past month.</p><p>TheNYSE FANG+ Index— which tracks the performance of household name tech stocks such as Facebook, Apple and Tesla —has dropped 8% since hitting a record closing high on Feb. 17. Some individual tech sell-offs have been more jarring. Tesla shares are down 13% inside of a month, Salesforce is off 14% andZoom has shed 24%.</p><p>\"At the core of the lingering tech bear thesis, high flying tech stocks are crowded names with broken technicals and no traditional valuation support,\" opinesWedbush tech analyst Dan Ives, who adds what traders are witnessing is a \"painful, brutal valuation digestion period.\"</p><p>Painful indeed.</p><p><b>Bullish bias in tech</b></p><p>But there are longer term positive catalysts in play for tech stocks that could return to focus soon given cheaper valuations, strategists point out. The most obvious is the ongoing shift to the cloud. It's a transition that is only likely to intensify with corporate budgets loosening up post-pandemic and a pivot to hybrid workforces.</p><p>\"Today we estimate 35% of workloads are on the cloud with a doubling of workloads on the cloud expected by 2023 across the enterprise landscape on an eye popping trajectory. While valuations will continue to be an emotional bull/bear debate, the fundamental growth on the horizon for these next generation technologies is unprecedented as this 4th Industrial Revolution begins to take hold,\" Ives contends.</p><p><img src=\"https://static.tigerbbs.com/bf4099732f827d2f4b66023f2091ced4\" tg-width=\"705\" tg-height=\"343\" referrerpolicy=\"no-referrer\">The bears are out on tech stocks.</p><p>Ives is particularly bullish on DocuSign, ZScaler, Microsoft, Salesforce and Nuance as plays on the move to the cloud.</p><p>Meanwhile, a historical look at tech valuations and economic growth support a bullish bias in tech names over a longer period of time.</p><p>\"Since 1947, the annualized excess outperformance of the technology sector has been 2.7% greater (i.e., 3.4% versus 0.7%) when real GDP growth was above average compared to when it was below average,\" points outThe Leuthold Group chief investment officer Jim Paulsen.</p><p>Paulsen — a long-time market historian — doesn't stop there in trying to make his case for tech.</p><p>He adds, \"Since 1950, tech stocks have thrived when the 10-year bond yield has been lower than 5%, beating the overall market by a 5.8% annualized pace and outpacing 61% of the time. For all quarters since 1947 when bond yields have increased, Tech stocks outperformed on average at a 4.9% annualized clip while trailing the overall stock market by an average annualized 1.8% during quarters when yields declined.\"</p><p>So hang in there tech investors — time and fundamentals are on your side.</p>","source":"lsy1584348713084","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>Investors really hate tech stocks right now— but should they?</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\">\nInvestors really hate tech stocks right now— but should they?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 22:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/investors-really-hate-tech-stocks-right-now-but-should-they-194148090.html><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There is no love for hot tech stocks right now, but strategists say eventually that will change because commonsense says it should change.Nevertheless, the lack of love for tech is growing palpable as...</p>\n\n<a href=\"https://finance.yahoo.com/news/investors-really-hate-tech-stocks-right-now-but-should-they-194148090.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/investors-really-hate-tech-stocks-right-now-but-should-they-194148090.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172934216","content_text":"There is no love for hot tech stocks right now, but strategists say eventually that will change because commonsense says it should change.Nevertheless, the lack of love for tech is growing palpable as positions areslashed amid the rise in 10-year yields and a rotation into value stocks.Fund managers cut their tech weighting to the lowest overweight position since January 2009,according to a new survey out this week from Bank of America. The survey found that while 34% of fund managers view being long tech as a crowded trade, the figure is sharp decline from the 80% polled in Sept. 20.The somewhat bearish assessment of tech on the Street reflects noticeable sell-offs in proven tech winners this past month.TheNYSE FANG+ Index— which tracks the performance of household name tech stocks such as Facebook, Apple and Tesla —has dropped 8% since hitting a record closing high on Feb. 17. Some individual tech sell-offs have been more jarring. Tesla shares are down 13% inside of a month, Salesforce is off 14% andZoom has shed 24%.\"At the core of the lingering tech bear thesis, high flying tech stocks are crowded names with broken technicals and no traditional valuation support,\" opinesWedbush tech analyst Dan Ives, who adds what traders are witnessing is a \"painful, brutal valuation digestion period.\"Painful indeed.Bullish bias in techBut there are longer term positive catalysts in play for tech stocks that could return to focus soon given cheaper valuations, strategists point out. The most obvious is the ongoing shift to the cloud. It's a transition that is only likely to intensify with corporate budgets loosening up post-pandemic and a pivot to hybrid workforces.\"Today we estimate 35% of workloads are on the cloud with a doubling of workloads on the cloud expected by 2023 across the enterprise landscape on an eye popping trajectory. While valuations will continue to be an emotional bull/bear debate, the fundamental growth on the horizon for these next generation technologies is unprecedented as this 4th Industrial Revolution begins to take hold,\" Ives contends.The bears are out on tech stocks.Ives is particularly bullish on DocuSign, ZScaler, Microsoft, Salesforce and Nuance as plays on the move to the cloud.Meanwhile, a historical look at tech valuations and economic growth support a bullish bias in tech names over a longer period of time.\"Since 1947, the annualized excess outperformance of the technology sector has been 2.7% greater (i.e., 3.4% versus 0.7%) when real GDP growth was above average compared to when it was below average,\" points outThe Leuthold Group chief investment officer Jim Paulsen.Paulsen — a long-time market historian — doesn't stop there in trying to make his case for tech.He adds, \"Since 1950, tech stocks have thrived when the 10-year bond yield has been lower than 5%, beating the overall market by a 5.8% annualized pace and outpacing 61% of the time. For all quarters since 1947 when bond yields have increased, Tech stocks outperformed on average at a 4.9% annualized clip while trailing the overall stock market by an average annualized 1.8% during quarters when yields declined.\"So hang in there tech investors — time and fundamentals are on your side.","news_type":1},"isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328754998,"gmtCreate":1615561390014,"gmtModify":1703490985021,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Why","listText":"Why","text":"Why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328754998","repostId":"1104628946","repostType":4,"repost":{"id":"1104628946","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615561247,"share":"https://www.laohu8.com/m/news/1104628946?lang=&edition=full","pubTime":"2021-03-12 23:00","market":"us","language":"en","title":"Marijuana stocks fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1104628946","media":"Tiger Newspress","summary":"Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.","content":"<p>Tilray&nbsp;Inc&nbsp;down&nbsp;6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.</p><p><img src=\"https://static.tigerbbs.com/78fc26b0f02217c25526a73d40b1f353\" tg-width=\"420\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></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>Marijuana stocks fall</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\">\nMarijuana stocks fall\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 23:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tilray&nbsp;Inc&nbsp;down&nbsp;6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.</p><p><img src=\"https://static.tigerbbs.com/78fc26b0f02217c25526a73d40b1f353\" tg-width=\"420\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACB":"奥罗拉大麻公司","SNDL":"SNDL Inc.","TLRY":"Tilray Inc.","APHA":"Aphria Inc.","CRON":"Cronos Group Inc.","CGC":"Canopy Growth Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104628946","content_text":"Tilray Inc down 6%,Aphria,Canopy,Aurora,Sundial Growers and Cronos down 3%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365149768,"gmtCreate":1614709864854,"gmtModify":1703480225141,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"We are all investing for long term. Buy","listText":"We are all investing for long term. Buy","text":"We are all investing for long term. Buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/365149768","repostId":"1122180672","repostType":4,"repost":{"id":"1122180672","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614697099,"share":"https://www.laohu8.com/m/news/1122180672?lang=&edition=full","pubTime":"2021-03-02 22:58","market":"us","language":"en","title":"NIO plunged more than 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1122180672","media":"老虎资讯综合","summary":"(March 2) NIO Inc.  reported a wider-than-expected loss for its fourth quarter, but issued strong re","content":"<p>(March 2)&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a>  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.</p><p>NIO plunged more than 7%.<img src=\"https://static.tigerbbs.com/b37a09b32e73be5620e2ffca84d7c7a8\" tg-width=\"1085\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></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>NIO plunged more than 7%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNIO plunged more than 7%\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\">2021-03-02 22:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 2)&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a>  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.</p><p>NIO plunged more than 7%.<img src=\"https://static.tigerbbs.com/b37a09b32e73be5620e2ffca84d7c7a8\" tg-width=\"1085\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122180672","content_text":"(March 2) NIO Inc.  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.NIO plunged more than 7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321435502,"gmtCreate":1615460059806,"gmtModify":1703489340836,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>what’s this ?Shd I hold?&nbsp;","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>what’s this ?Shd I hold?&nbsp;","text":"$Luokung Technology Corp(LKCO)$what’s this ?Shd I hold?","images":[{"img":"https://static.tigerbbs.com/0d92b9eea0ade779c267c6a77c9e62d1","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/321435502","isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":329196909,"gmtCreate":1615214158201,"gmtModify":1703485774290,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Finally&nbsp;","listText":"Finally&nbsp;","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/329196909","repostId":"1150086259","repostType":4,"repost":{"id":"1150086259","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615214068,"share":"https://www.laohu8.com/m/news/1150086259?lang=&edition=full","pubTime":"2021-03-08 22:34","market":"us","language":"en","title":"US stocks open higher：Dow rises about 170 points","url":"https://stock-news.laohu8.com/highlight/detail?id=1150086259","media":"老虎资讯综合","summary":"U.S. stocks edged higher on Monday after hedge fund manager David Tepper said the recent rapid rise ","content":"<p>U.S. stocks edged higher on Monday after&nbsp;hedge fund manager David Tepper said the recent rapid rise in rates is set to stabilize&nbsp;and it's hard to be bearish on stocks.</p><p>The S&amp;P 500 up 0.28%, the Dow Jones Industrial Average gained 150 points. The tech-heavy Nasdaq Composite is basically flat.</p><p><img src=\"https://static.tigerbbs.com/063990af26796fda5178363d55f98c2b\" tg-width=\"1080\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p><p>\"Basically I think rates have&nbsp;temporarily made the most of the&nbsp;move and should be more stable&nbsp;in the next few months, which&nbsp;makes it safer to be in stocks&nbsp;for now,\" Tepper told CNBC's&nbsp;Joe Kernen, who shared the comments on\"Squawk Box.\"</p><p>The benchmark 10-year yield has risen sharply in recent weeks in anticipation of more stimulus on top of a booming economic recovery. The&nbsp;10-year Treasury yieldrose 4 basis points to 1.6% Monday. The benchmark rate started the calendar year below the 1% mark.</p><p>Tepper believes the sell-off in Treasurys that has driven rates higher is likely over as big foreign buyers like Japan are poised to come in. He also said \"bellwether\" stocks like&nbsp;Amazon&nbsp;are starting to look attractive after the pullback.</p><p>The Senate passed a&nbsp;$1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments. The Democrat-controlled House is expected to pass the bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.</p><p>he stimulus news boosted stocks banking on a strong economic recovery. Shares of retailers, energy companies and banks were higher in premarket trading.</p><p>Disney shares added 2% in premarket trading after&nbsp;California eased Covid rules, paving the way for Disneyland to reopen on a limited basis in April.</p><p>“We see higher rates largely as a function of earlier and stronger than expected economic recovery and supportive of our positive equity outlook,” Dubravko Lakos-Bujas, JPMorgan’s chief U.S. equity strategist, said in a note.</p><p>For March, the Dow Industrials, leveraged more to the reopening, is up 1.8%, while the Nasdaq Composite is off by 2%. Meanwhile, the broader S&amp;P 500 is up 0.8%. The S&amp;P 500 remains less than 3% from an all-time high.</p><p>“10-year yields finally caught up to other asset markets. This is putting pressure on valuations, especially for the most expensive stocks that had reached nosebleed valuations,” Mike Wilson, the chief U.S. equity strategist at Morgan Stanley, said in a note.</p><p>This battle picked up on Fridaywhen an afternoon rallytook some of the sting out of a rough week for high-flying momentum names. The Friday turnaround doesn’t signal that the recent weakness for the market is over, but the divergence between tech and cyclical plays shows that the bullish story remains intact, Morgan Stanley’s Wilson said.</p><p>“The bull market continues to be under the hood, with value and cyclicals leading the way. Growth stocks can rejoin the party once the valuation correction and repositioning is finished,” Wilson said.</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>US stocks open higher：Dow rises about 170 points</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS stocks open higher：Dow rises about 170 points\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 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stocks edged higher on Monday after&nbsp;hedge fund manager David Tepper said the recent rapid rise in rates is set to stabilize&nbsp;and it's hard to be bearish on stocks.</p><p>The S&amp;P 500 up 0.28%, the Dow Jones Industrial Average gained 150 points. The tech-heavy Nasdaq Composite is basically flat.</p><p><img src=\"https://static.tigerbbs.com/063990af26796fda5178363d55f98c2b\" tg-width=\"1080\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p><p>\"Basically I think rates have&nbsp;temporarily made the most of the&nbsp;move and should be more stable&nbsp;in the next few months, which&nbsp;makes it safer to be in stocks&nbsp;for now,\" Tepper told CNBC's&nbsp;Joe Kernen, who shared the comments on\"Squawk Box.\"</p><p>The benchmark 10-year yield has risen sharply in recent weeks in anticipation of more stimulus on top of a booming economic recovery. The&nbsp;10-year Treasury yieldrose 4 basis points to 1.6% Monday. The benchmark rate started the calendar year below the 1% mark.</p><p>Tepper believes the sell-off in Treasurys that has driven rates higher is likely over as big foreign buyers like Japan are poised to come in. He also said \"bellwether\" stocks like&nbsp;Amazon&nbsp;are starting to look attractive after the pullback.</p><p>The Senate passed a&nbsp;$1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments. The Democrat-controlled House is expected to pass the bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.</p><p>he stimulus news boosted stocks banking on a strong economic recovery. Shares of retailers, energy companies and banks were higher in premarket trading.</p><p>Disney shares added 2% in premarket trading after&nbsp;California eased Covid rules, paving the way for Disneyland to reopen on a limited basis in April.</p><p>“We see higher rates largely as a function of earlier and stronger than expected economic recovery and supportive of our positive equity outlook,” Dubravko Lakos-Bujas, JPMorgan’s chief U.S. equity strategist, said in a note.</p><p>For March, the Dow Industrials, leveraged more to the reopening, is up 1.8%, while the Nasdaq Composite is off by 2%. Meanwhile, the broader S&amp;P 500 is up 0.8%. The S&amp;P 500 remains less than 3% from an all-time high.</p><p>“10-year yields finally caught up to other asset markets. This is putting pressure on valuations, especially for the most expensive stocks that had reached nosebleed valuations,” Mike Wilson, the chief U.S. equity strategist at Morgan Stanley, said in a note.</p><p>This battle picked up on Fridaywhen an afternoon rallytook some of the sting out of a rough week for high-flying momentum names. The Friday turnaround doesn’t signal that the recent weakness for the market is over, but the divergence between tech and cyclical plays shows that the bullish story remains intact, Morgan Stanley’s Wilson said.</p><p>“The bull market continues to be under the hood, with value and cyclicals leading the way. Growth stocks can rejoin the party once the valuation correction and repositioning is finished,” Wilson said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150086259","content_text":"U.S. stocks edged higher on Monday after hedge fund manager David Tepper said the recent rapid rise in rates is set to stabilize and it's hard to be bearish on stocks.The S&P 500 up 0.28%, the Dow Jones Industrial Average gained 150 points. The tech-heavy Nasdaq Composite is basically flat.\"Basically I think rates have temporarily made the most of the move and should be more stable in the next few months, which makes it safer to be in stocks for now,\" Tepper told CNBC's Joe Kernen, who shared the comments on\"Squawk Box.\"The benchmark 10-year yield has risen sharply in recent weeks in anticipation of more stimulus on top of a booming economic recovery. The 10-year Treasury yieldrose 4 basis points to 1.6% Monday. The benchmark rate started the calendar year below the 1% mark.Tepper believes the sell-off in Treasurys that has driven rates higher is likely over as big foreign buyers like Japan are poised to come in. He also said \"bellwether\" stocks like Amazon are starting to look attractive after the pullback.The Senate passed a $1.9 trillion economic relief and stimulus bill on Saturday, paving the way for extensions to unemployment benefits, another round of stimulus checks and aid to state and local governments. The Democrat-controlled House is expected to pass the bill later this week. President Joe Biden is expected to sign it into law before unemployment aid programs expire on March 14.he stimulus news boosted stocks banking on a strong economic recovery. Shares of retailers, energy companies and banks were higher in premarket trading.Disney shares added 2% in premarket trading after California eased Covid rules, paving the way for Disneyland to reopen on a limited basis in April.“We see higher rates largely as a function of earlier and stronger than expected economic recovery and supportive of our positive equity outlook,” Dubravko Lakos-Bujas, JPMorgan’s chief U.S. equity strategist, said in a note.For March, the Dow Industrials, leveraged more to the reopening, is up 1.8%, while the Nasdaq Composite is off by 2%. Meanwhile, the broader S&P 500 is up 0.8%. The S&P 500 remains less than 3% from an all-time high.“10-year yields finally caught up to other asset markets. This is putting pressure on valuations, especially for the most expensive stocks that had reached nosebleed valuations,” Mike Wilson, the chief U.S. equity strategist at Morgan Stanley, said in a note.This battle picked up on Fridaywhen an afternoon rallytook some of the sting out of a rough week for high-flying momentum names. The Friday turnaround doesn’t signal that the recent weakness for the market is over, but the divergence between tech and cyclical plays shows that the bullish story remains intact, Morgan Stanley’s Wilson said.“The bull market continues to be under the hood, with value and cyclicals leading the way. Growth stocks can rejoin the party once the valuation correction and repositioning is finished,” Wilson said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":20,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368512649,"gmtCreate":1614337473581,"gmtModify":1703476557489,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Emerging Mkt hv to b patient ... Huat later","listText":"Emerging Mkt hv to b patient ... Huat later","text":"Emerging Mkt hv to b patient ... Huat later","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368512649","repostId":"1103930774","repostType":4,"repost":{"id":"1103930774","kind":"news","pubTimestamp":1614334872,"share":"https://www.laohu8.com/m/news/1103930774?lang=&edition=full","pubTime":"2021-02-26 18:21","market":"us","language":"en","title":"Why QuantumScape Stock Rose Then Fell Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1103930774","media":"Motley Fool ","summary":"The CEO of the solid-state EV battery maker that has garnered much investor interest gave an intervi","content":"<p>The CEO of the solid-state EV battery maker that has garnered much investor interest gave an interview today.</p>\n<p><b>What happened</b></p>\n<p>The stock of aspiring solid-state battery technology company&nbsp;<b>QuantumScape</b>&nbsp;(NYSE:QS)&nbsp;has certainly seen ups and downs. Movement in the stock today mirrored that pattern. After an early 10% jump, shares closed more than 3% lower on Thursday.</p>\n<p><b>So what</b></p>\n<p>Shares of the company are down more than 30% year to date after a triple-digit spike in late 2020. The company tends to trade with the&nbsp;electric-vehicle (EV)&nbsp;sector as a speculative stock hoping to revolutionize EV battery technology.</p>\n<p>Today, QuantumScape CEO Jagdeep Singh gave an interview to Yahoo! Finance, which may have contributed to the stock's volatile trading.</p>\n<p><b>Now what</b></p>\n<p>During today's interview, Singh reiterated some positive developments the company shared with investors&nbsp;last week in its earnings release. The company is working toward commercializing the solid-state battery technology that could provide EV makers with a safer, faster-charging battery that can also deliver longer ranges.</p>\n<p>The company reported it has successfully built its first multilayer battery cell with four layers. This helps confirm the technology is feasible. Singh added that he plans to scale up the technology to have an eight to 10-layer cell by the end of this year. That would allow the company to deliver sample cells to automotive manufacturers.</p>\n<p>Singh also said there is interest from other sectors for the technology. \"Things like stationary storage for the grid, that's a really important application for batteries,\" Singh stated in the interview.</p>\n<p>Successful commercial production is far from guaranteed, however. Any investment should be squarely in a speculative portion of a portfolio. And investors should expect ups and downs for both the business developments and the stock, as was seen with today's jump and drop.</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>Why QuantumScape Stock Rose Then Fell Thursday</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\">\nWhy QuantumScape Stock Rose Then Fell Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 18:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/02/25/why-quantumscape-stock-rose-then-fell-today/><strong>Motley Fool </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The CEO of the solid-state EV battery maker that has garnered much investor interest gave an interview today.\nWhat happened\nThe stock of aspiring solid-state battery technology company QuantumScape (...</p>\n\n<a href=\"https://www.fool.com/investing/2021/02/25/why-quantumscape-stock-rose-then-fell-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QS":"Quantumscape Corp."},"source_url":"https://www.fool.com/investing/2021/02/25/why-quantumscape-stock-rose-then-fell-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103930774","content_text":"The CEO of the solid-state EV battery maker that has garnered much investor interest gave an interview today.\nWhat happened\nThe stock of aspiring solid-state battery technology company QuantumScape (NYSE:QS) has certainly seen ups and downs. Movement in the stock today mirrored that pattern. After an early 10% jump, shares closed more than 3% lower on Thursday.\nSo what\nShares of the company are down more than 30% year to date after a triple-digit spike in late 2020. The company tends to trade with the electric-vehicle (EV) sector as a speculative stock hoping to revolutionize EV battery technology.\nToday, QuantumScape CEO Jagdeep Singh gave an interview to Yahoo! Finance, which may have contributed to the stock's volatile trading.\nNow what\nDuring today's interview, Singh reiterated some positive developments the company shared with investors last week in its earnings release. The company is working toward commercializing the solid-state battery technology that could provide EV makers with a safer, faster-charging battery that can also deliver longer ranges.\nThe company reported it has successfully built its first multilayer battery cell with four layers. This helps confirm the technology is feasible. Singh added that he plans to scale up the technology to have an eight to 10-layer cell by the end of this year. That would allow the company to deliver sample cells to automotive manufacturers.\nSingh also said there is interest from other sectors for the technology. \"Things like stationary storage for the grid, that's a really important application for batteries,\" Singh stated in the interview.\nSuccessful commercial production is far from guaranteed, however. Any investment should be squarely in a speculative portion of a portfolio. And investors should expect ups and downs for both the business developments and the stock, as was seen with today's jump and drop.","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347657006,"gmtCreate":1618494691805,"gmtModify":1634292557579,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Voo never failed me&nbsp;","listText":"Voo never failed me&nbsp;","text":"Voo never failed me","images":[{"img":"https://static.tigerbbs.com/28eb295941d305ccb4e431603e7f8175","width":"1125","height":"3345"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/347657006","isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":327130059,"gmtCreate":1616067639871,"gmtModify":1634527415917,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327130059","repostId":"2120308231","repostType":4,"repost":{"id":"2120308231","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1616045100,"share":"https://www.laohu8.com/m/news/2120308231?lang=&edition=full","pubTime":"2021-03-18 13:25","market":"us","language":"en","title":"Fed patience calms yields for now, but market feels like 'coiled spring'","url":"https://stock-news.laohu8.com/highlight/detail?id=2120308231","media":"Reuters","summary":"NEW YORK  - The Federal Reserve may have avoided inflaming the bond market with its latest policy decision and outlook, but as economic growth rebounds and inflation rises, at least temporarily, there are questions of how long yields will remain contained.That's a key issue for both investors and Fed officials who would rather not have to ride out another bout of bond market volatility as a growing body of indicators suggests U.S. growth is poised to take off this year.The yield curve steepened ","content":"<p>NEW YORK (Reuters) - The Federal Reserve may have avoided inflaming the bond market with its latest policy decision and outlook, but as economic growth rebounds and inflation rises, at least temporarily, there are questions of how long yields will remain contained.</p>\n<p>That's a key issue for both investors and Fed officials who would rather not have to ride out another bout of bond market volatility as a growing body of indicators suggests U.S. growth is poised to take off this year.</p>\n<p>The yield curve steepened to its highest since September 2015 on Wednesday - with shorter-dated rates falling faster than the long end - indicating investors took the Fed at its word that interest rates would remain anchored even as the COVID-19 crisis winds down. Recent evidence that an economic recovery has been taking hold had investors concerned the Fed would withdraw its accommodative policy sooner than expected.</p>\n<p>But while the Fed's actions may be keeping the yield increases relatively orderly, for now, a surge higher remains a risk. That would raise borrowing costs for companies and consumers, and could ripple across other assets such as equities.</p>\n<p>\"To me it feels like it is a coiled spring,\" said Mark Cabana, head of U.S. rates strategy at Bank of America. The Fed's current stance, he said, \"does raise some risks that whenever we do begin to hear a shift in tone from the Fed that there may be a bit more of a rapid adjustment in the market.\"</p>\n<p>The Fed \"is signaling that it wants to see an overshoot, it wants to see inflation and employment run quite hot,\" Cabana said.</p>\n<p>Fears of sooner-than-expected rate hikes, or tapering of the Fed's asset purchases, in recent weeks have helped to send yields on longer-dated Treasury yields to the highest in a year.</p>\n<p>The benchmark 10-year Treasury yield rose to a high of 1.689% prior to the Fed's statement following the close of its policy meeting on Wednesday, its highest since January 2020. It later fell to around 1.646%, though it remained higher on the day.</p>\n<p>Two-year note yields, which are the most sensitive to interest-rate policy, dropped as low as 0.125% after the Fed meeting before bouncing back to 0.137%.</p>\n<p>That meant the spread between the two- and 10-year rates - the most common measure of the yield curve - widened to 153.2 basis points.</p>\n<p>While long-term rates are likely to continue their march upward in line with better economic projections and rising Treasury supply, it could be more gradual than had been feared.</p>\n<p>The Fed \"has now calmed down potential market anxiety about a taper tantrum, and I think it buys time and paves the way for financial conditions to remain relatively loose and for the recovery to gather pace,\" said Daniel Ahn, chief U.S. economist and head of markets 360 North America at BNP Paribas.</p>\n<p>The 2013 taper tantrum saw bond yields rise dramatically after then-Fed Chair Ben Bernanke told lawmakers the Fed could take a step down in its pace of purchases of assets that had been propping up markets.</p>\n<p>The Fed's message on Wednesday was that rates are not rising in a hurry even though it sees the U.S. economy rising 6.5% this year, unemployment falling to 4.5% by year-end and the pace of price increases exceeding the Fed's 2% target, at least temporarily. Powell noted the \"strong bulk\" of the policy-setting committee anticipates no interest rate increase until at least 2024.</p>\n<p>\"The chairman has been quite clear that he's happy about the pace of recovery increasing, but that doesn't change their framework and it certainly isn't going to force their hand to tighten policy sooner than they deem necessary,\" said Michael Lorizio, senior fixed income trader at Manulife Investment Management in Boston.</p>\n<p>Indeed, Powell could be comfortable with a steeper yield curve that bolsters private banking, said Venk Reddy, chief investment officer, Zeo Capital Advisors.</p>\n<p>\"I don't see how we don't end up with a very steep upward sloping yield curve over the course of time here,\" Reddy said.</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>Fed patience calms yields for now, but market feels like 'coiled spring'</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\">\nFed patience calms yields for now, but market feels like 'coiled spring'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-18 13:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK (Reuters) - The Federal Reserve may have avoided inflaming the bond market with its latest policy decision and outlook, but as economic growth rebounds and inflation rises, at least temporarily, there are questions of how long yields will remain contained.</p>\n<p>That's a key issue for both investors and Fed officials who would rather not have to ride out another bout of bond market volatility as a growing body of indicators suggests U.S. growth is poised to take off this year.</p>\n<p>The yield curve steepened to its highest since September 2015 on Wednesday - with shorter-dated rates falling faster than the long end - indicating investors took the Fed at its word that interest rates would remain anchored even as the COVID-19 crisis winds down. Recent evidence that an economic recovery has been taking hold had investors concerned the Fed would withdraw its accommodative policy sooner than expected.</p>\n<p>But while the Fed's actions may be keeping the yield increases relatively orderly, for now, a surge higher remains a risk. That would raise borrowing costs for companies and consumers, and could ripple across other assets such as equities.</p>\n<p>\"To me it feels like it is a coiled spring,\" said Mark Cabana, head of U.S. rates strategy at Bank of America. The Fed's current stance, he said, \"does raise some risks that whenever we do begin to hear a shift in tone from the Fed that there may be a bit more of a rapid adjustment in the market.\"</p>\n<p>The Fed \"is signaling that it wants to see an overshoot, it wants to see inflation and employment run quite hot,\" Cabana said.</p>\n<p>Fears of sooner-than-expected rate hikes, or tapering of the Fed's asset purchases, in recent weeks have helped to send yields on longer-dated Treasury yields to the highest in a year.</p>\n<p>The benchmark 10-year Treasury yield rose to a high of 1.689% prior to the Fed's statement following the close of its policy meeting on Wednesday, its highest since January 2020. It later fell to around 1.646%, though it remained higher on the day.</p>\n<p>Two-year note yields, which are the most sensitive to interest-rate policy, dropped as low as 0.125% after the Fed meeting before bouncing back to 0.137%.</p>\n<p>That meant the spread between the two- and 10-year rates - the most common measure of the yield curve - widened to 153.2 basis points.</p>\n<p>While long-term rates are likely to continue their march upward in line with better economic projections and rising Treasury supply, it could be more gradual than had been feared.</p>\n<p>The Fed \"has now calmed down potential market anxiety about a taper tantrum, and I think it buys time and paves the way for financial conditions to remain relatively loose and for the recovery to gather pace,\" said Daniel Ahn, chief U.S. economist and head of markets 360 North America at BNP Paribas.</p>\n<p>The 2013 taper tantrum saw bond yields rise dramatically after then-Fed Chair Ben Bernanke told lawmakers the Fed could take a step down in its pace of purchases of assets that had been propping up markets.</p>\n<p>The Fed's message on Wednesday was that rates are not rising in a hurry even though it sees the U.S. economy rising 6.5% this year, unemployment falling to 4.5% by year-end and the pace of price increases exceeding the Fed's 2% target, at least temporarily. Powell noted the \"strong bulk\" of the policy-setting committee anticipates no interest rate increase until at least 2024.</p>\n<p>\"The chairman has been quite clear that he's happy about the pace of recovery increasing, but that doesn't change their framework and it certainly isn't going to force their hand to tighten policy sooner than they deem necessary,\" said Michael Lorizio, senior fixed income trader at Manulife Investment Management in Boston.</p>\n<p>Indeed, Powell could be comfortable with a steeper yield curve that bolsters private banking, said Venk Reddy, chief investment officer, Zeo Capital Advisors.</p>\n<p>\"I don't see how we don't end up with a very steep upward sloping yield curve over the course of time here,\" Reddy said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120308231","content_text":"NEW YORK (Reuters) - The Federal Reserve may have avoided inflaming the bond market with its latest policy decision and outlook, but as economic growth rebounds and inflation rises, at least temporarily, there are questions of how long yields will remain contained.\nThat's a key issue for both investors and Fed officials who would rather not have to ride out another bout of bond market volatility as a growing body of indicators suggests U.S. growth is poised to take off this year.\nThe yield curve steepened to its highest since September 2015 on Wednesday - with shorter-dated rates falling faster than the long end - indicating investors took the Fed at its word that interest rates would remain anchored even as the COVID-19 crisis winds down. Recent evidence that an economic recovery has been taking hold had investors concerned the Fed would withdraw its accommodative policy sooner than expected.\nBut while the Fed's actions may be keeping the yield increases relatively orderly, for now, a surge higher remains a risk. That would raise borrowing costs for companies and consumers, and could ripple across other assets such as equities.\n\"To me it feels like it is a coiled spring,\" said Mark Cabana, head of U.S. rates strategy at Bank of America. The Fed's current stance, he said, \"does raise some risks that whenever we do begin to hear a shift in tone from the Fed that there may be a bit more of a rapid adjustment in the market.\"\nThe Fed \"is signaling that it wants to see an overshoot, it wants to see inflation and employment run quite hot,\" Cabana said.\nFears of sooner-than-expected rate hikes, or tapering of the Fed's asset purchases, in recent weeks have helped to send yields on longer-dated Treasury yields to the highest in a year.\nThe benchmark 10-year Treasury yield rose to a high of 1.689% prior to the Fed's statement following the close of its policy meeting on Wednesday, its highest since January 2020. It later fell to around 1.646%, though it remained higher on the day.\nTwo-year note yields, which are the most sensitive to interest-rate policy, dropped as low as 0.125% after the Fed meeting before bouncing back to 0.137%.\nThat meant the spread between the two- and 10-year rates - the most common measure of the yield curve - widened to 153.2 basis points.\nWhile long-term rates are likely to continue their march upward in line with better economic projections and rising Treasury supply, it could be more gradual than had been feared.\nThe Fed \"has now calmed down potential market anxiety about a taper tantrum, and I think it buys time and paves the way for financial conditions to remain relatively loose and for the recovery to gather pace,\" said Daniel Ahn, chief U.S. economist and head of markets 360 North America at BNP Paribas.\nThe 2013 taper tantrum saw bond yields rise dramatically after then-Fed Chair Ben Bernanke told lawmakers the Fed could take a step down in its pace of purchases of assets that had been propping up markets.\nThe Fed's message on Wednesday was that rates are not rising in a hurry even though it sees the U.S. economy rising 6.5% this year, unemployment falling to 4.5% by year-end and the pace of price increases exceeding the Fed's 2% target, at least temporarily. Powell noted the \"strong bulk\" of the policy-setting committee anticipates no interest rate increase until at least 2024.\n\"The chairman has been quite clear that he's happy about the pace of recovery increasing, but that doesn't change their framework and it certainly isn't going to force their hand to tighten policy sooner than they deem necessary,\" said Michael Lorizio, senior fixed income trader at Manulife Investment Management in Boston.\nIndeed, Powell could be comfortable with a steeper yield curve that bolsters private banking, said Venk Reddy, chief investment officer, Zeo Capital Advisors.\n\"I don't see how we don't end up with a very steep upward sloping yield curve over the course of time here,\" Reddy said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325514610,"gmtCreate":1615906094030,"gmtModify":1703494881365,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Yay!!","listText":"Yay!!","text":"Yay!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325514610","repostId":"1193834448","repostType":4,"repost":{"id":"1193834448","kind":"news","pubTimestamp":1615904223,"share":"https://www.laohu8.com/m/news/1193834448?lang=&edition=full","pubTime":"2021-03-16 22:17","market":"us","language":"en","title":"Apple price target raised at Evercore with $225 bull case on long-term growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1193834448","media":"seekingalpha","summary":" Outlining the \"next set of 'multi-billion' dollar opportunities that could further drive value creation,\" Evercore maintains an Outperform rating on Appleand raises the price target from $163 to $175 with a bull case of $225 and a bear case of $90.Analyst Amit Daryanani remains focused on the Services and Wearables businesses, seeing a \"clear path\" to $100B in Services revenue by FY25 and $70B for Wearables. The growth should help drive margin expansion and \"help smooth out\" the cyclical nature","content":"<p>(March 16)&nbsp;Outlining the \"next set of 'multi-billion' dollar opportunities that could further drive value creation,\"&nbsp;Evercore maintains an Outperform rating on Apple(NASDAQ:AAPL)and raises the price target from $163 to $175 with a bull case of $225 and a bear case of $90.</p>\n<p>Analyst Amit Daryanani remains focused on the Services and Wearables businesses, seeing a \"clear path\" to $100B in Services revenue by FY25 and $70B for Wearables. The growth should help drive margin expansion and \"help smooth out\" the cyclical nature of the hardware business.</p>\n<p>Potential areas of growth that are under-appreciated by investors include healthcare, advertising, the Apple Car, and AR/VR. The initiatives could contribute $0.40-0.80 to EPS or about 20% of the total, says the analyst.</p>\n<p>Apple shares are&nbsp;up 1.88%&nbsp;to $126.32.</p>\n<p>Yesterday, IDC&nbsp;data showed that Apple dominated Q4 wearables sales, driven by strongAirPods and Watch sales.</p>\n<p><img src=\"https://static.tigerbbs.com/0e39b480f7af87f8d9d247af6fcda4f9\" tg-width=\"724\" tg-height=\"516\"></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>Apple price target raised at Evercore with $225 bull case on long-term growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple price target raised at Evercore with $225 bull case on long-term growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 22:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3673128-apple-price-target-raised-at-evercore-with-225-bull-case-on-long-term-growth><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(March 16) Outlining the \"next set of 'multi-billion' dollar opportunities that could further drive value creation,\" Evercore maintains an Outperform rating on Apple(NASDAQ:AAPL)and raises the price ...</p>\n\n<a href=\"https://seekingalpha.com/news/3673128-apple-price-target-raised-at-evercore-with-225-bull-case-on-long-term-growth\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/news/3673128-apple-price-target-raised-at-evercore-with-225-bull-case-on-long-term-growth","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1193834448","content_text":"(March 16) Outlining the \"next set of 'multi-billion' dollar opportunities that could further drive value creation,\" Evercore maintains an Outperform rating on Apple(NASDAQ:AAPL)and raises the price target from $163 to $175 with a bull case of $225 and a bear case of $90.\nAnalyst Amit Daryanani remains focused on the Services and Wearables businesses, seeing a \"clear path\" to $100B in Services revenue by FY25 and $70B for Wearables. The growth should help drive margin expansion and \"help smooth out\" the cyclical nature of the hardware business.\nPotential areas of growth that are under-appreciated by investors include healthcare, advertising, the Apple Car, and AR/VR. The initiatives could contribute $0.40-0.80 to EPS or about 20% of the total, says the analyst.\nApple shares are up 1.88% to $126.32.\nYesterday, IDC data showed that Apple dominated Q4 wearables sales, driven by strongAirPods and Watch sales.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329128564,"gmtCreate":1615215917958,"gmtModify":1703485841789,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>U hv lots of buyers buying u 2000 shares...... why dropped.....[捂脸]&nbsp;","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>U hv lots of buyers buying u 2000 shares...... why dropped.....[捂脸]&nbsp;","text":"$Luokung Technology Corp(LKCO)$U hv lots of buyers buying u 2000 shares...... why dropped.....[捂脸]","images":[{"img":"https://static.tigerbbs.com/319e5eb9238f74b397ef87aa61ee0e4f","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/329128564","isVote":1,"tweetType":1,"viewCount":1542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":320258352,"gmtCreate":1615124298876,"gmtModify":1703484865297,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>I hv confidence in u! Grow my little baby&nbsp;","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>I hv confidence in u! Grow my little baby&nbsp;","text":"$Luokung Technology Corp(LKCO)$I hv confidence in u! Grow my little baby","images":[{"img":"https://static.tigerbbs.com/084bff2e285d097eb2e9df3bf75f97cb","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320258352","isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":340888878,"gmtCreate":1617372158794,"gmtModify":1634521200928,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Biden just on board he will not make it crash, butend of the year 2021 we need to be careful.","listText":"Biden just on board he will not make it crash, butend of the year 2021 we need to be careful.","text":"Biden just on board he will not make it crash, butend of the year 2021 we need to be careful.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340888878","repostId":"1191998262","repostType":4,"repost":{"id":"1191998262","kind":"news","pubTimestamp":1617366158,"share":"https://www.laohu8.com/m/news/1191998262?lang=&edition=full","pubTime":"2021-04-02 20:22","market":"us","language":"en","title":"How Likely Is a Stock Market Crash?","url":"https://stock-news.laohu8.com/highlight/detail?id=1191998262","media":"Motley Fool","summary":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-b","content":"<blockquote>\n You may not like the answer.\n</blockquote>\n<p>For the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmark<b>S&amp;P 500</b>(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.</p>\n<p>But there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.</p>\n<p>It begs the question: How likely is astock market crash? Let's take a closer look.</p>\n<p><b>Double-digit declines occur every 1.87 years, on average</b></p>\n<p>To begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&amp;P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&amp;P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.</p>\n<p>However, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.</p>\n<p>We could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.</p>\n<p><b>Corrections have been an historical given within three years of a bear market bottom</b></p>\n<p>Another interesting piece of evidence to examine is the frequency by which the S&amp;P 500 corrects after hitting a bear-market bottom.</p>\n<p>Since the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).</p>\n<p>Put another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.</p>\n<p><b>Crashes frequently occur when this valuation metric is hit</b></p>\n<p>But the most damning bit of evidence might just be the S&amp;P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.</p>\n<p>As of the close of business on March 30, the S&amp;P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.</p>\n<p>To some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.</p>\n<p>However, previous instances of the S&amp;P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.</p>\n<p><b>Keep that cash handy in the event that opportunity knocks</b></p>\n<p>To circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.</p>\n<p>While this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.</p>\n<p>The reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&amp;P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&amp;P 500 been negative.</p>\n<p>If you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&amp;P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.</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>How Likely Is a Stock Market Crash?</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\">\nHow Likely Is a Stock Market Crash?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/04/02/how-likely-is-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191998262","content_text":"You may not like the answer.\n\nFor the past year, investors have enjoyed one of the greatest bounce-back rallies of all time. After the benchmarkS&P 500(SNPINDEX:^GSPC)lost a third of its value in mere weeks due to unprecedented uncertainties surrounding the coronavirus pandemic, it bounced back to gain in the neighborhood of 75% off its lows. You could rightly say that patience has paid off.\nBut there's another reality that investors -- especially long-term investors -- are keenly aware of: the propensity of the stock market to crash or correct. Things might look great now, but the next big nosedive is always waiting in the wings.\nIt begs the question: How likely is astock market crash? Let's take a closer look.\nDouble-digit declines occur every 1.87 years, on average\nTo begin with the basics, stock market corrections (i.e., declines of at least 10%) are quite common in the S&P 500. According to data from market analytics firm Yardeni Research, there have been 38 corrections in the S&P 500 since the beginning of 1950. This works out to an average double-digit decline in the benchmark indexevery 1.87 years. Since it's now been more than a year since the market hit its bear-market bottom, the averages are certainly not in investors' favor.\nHowever, averages are nothing more than that... averages. The market doesn't adhere to averages, even if some folks base their investments off of what's happened historically.\nWe could enter a period similar to 1991 through 1996 where there were zero corrections. Or we could continue the theme since the beginning of 2010, where corrections occur, on average, every 19 months.\nCorrections have been an historical given within three years of a bear market bottom\nAnother interesting piece of evidence to examine is the frequency by which the S&P 500 corrects after hitting a bear-market bottom.\nSince the beginning of 1960 (an arbitrary year I chose for the sake of simplicity), the widely followed index has navigated its way through nine bear markets, including the coronavirus crash. In rebounding from each of the previous eight bear market lows, there was at least one double-digit percentage decline within three years100% of the time. In aggregate, 13 corrections have occurred within three years following the last eight bear market bottoms (i.e., either one or two following each bottom).\nPut another way, rebounding from a bear-market bottom is rarely a straight-line move higher. Yet up, up, and away has pretty much been the theme for investors since March 23, 2020. History would suggest that there's a very good chance of a move lower in equities within the next two years.\nCrashes frequently occur when this valuation metric is hit\nBut the most damning bit of evidence might just be the S&P 500's Shiller price-to-earnings (P/E) ratio. This is a valuation metric that examines the average inflation-adjusted earnings from the previous 10 years. You might also know it as the cyclically adjusted P/E ratio, or CAPE.\nAs of the close of business on March 30, the S&P 500's Shiller P/E ratio hit 35.61. That's well over double its 150-year average of 16.8. Using continuous bull market moves as a parameter, it's the second-highest reading in its history.\nTo some extent, itmakes sensethat equity valuations should be higher now than they've been historically. That's because interest rates are near an all-time low and access to the internet has effectively broken down barriers between Wall Street and Main Street that may have, in the past, kept P/E multiples at bay.\nHowever, previous instances of the S&P 500's Shiller P/E ratio crossing above and sustaining the 30 levelhaven't ended well. In the prior four instances where the Shiller P/E surpassed and held above 30, the benchmark index tumbled anywhere from 20% to as much as 89%. Although an 89% plunge, which was experienced during the Great Depression, is very unlikely these days, a big drop has historically been in the cards when valuations get extended, as they are now.\nKeep that cash handy in the event that opportunity knocks\nTo circle back to the original question at hand, the data is pretty clear that the likelihood of a stock market crash or correction has grown considerably. It's impossible to precisely predict when a crash might occur, how long the decline will last, or how steep the drop could be. But the data strongly suggests that downside is in the offing.\nWhile this might be a disappointing revelation to some investors, it shouldn't be. Crashes and corrections are a normal part of the investing cycle. More importantly, theyprovide an opportunityfor investors to buy into great companies at a discount. Just think about all the great companies you're probably kicking yourself over for not buying last March.\nThe reason to be excited about crashes and corrections is also found in the data. You see, of those 38 previous corrections in the S&P 500 since the beginning of 1950, each and every one has eventually been put into the rearview mirror by a bull market rally. Plus,at no point over the past centuryhave rolling 20-year total returns (including dividends) for the S&P 500 been negative.\nIf you need further encouragement to buy during a correction, keep in mind that 24 of the 38 double-digit declines in the S&P 500 havefound their bottom in 104 or fewer calendar days(3.5 months or less). Crashes and corrections may be steep at times but tend to resolve quickly. That's your cue to have cash at the ready in the event that opportunity knocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355754661,"gmtCreate":1617109048053,"gmtModify":1634522623323,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355754661","repostId":"1185496367","repostType":4,"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351270039,"gmtCreate":1616599999321,"gmtModify":1634524970754,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"True! But tech stocks will still grow longer term....we need patient&nbsp;","listText":"True! But tech stocks will still grow longer term....we need patient&nbsp;","text":"True! But tech stocks will still grow longer term....we need patient","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351270039","repostId":"1166910900","repostType":4,"repost":{"id":"1166910900","kind":"news","pubTimestamp":1616593240,"share":"https://www.laohu8.com/m/news/1166910900?lang=&edition=full","pubTime":"2021-03-24 21:40","market":"us","language":"en","title":"Fed up with FAANG and meme stocks? Here's a new investing strategy","url":"https://stock-news.laohu8.com/highlight/detail?id=1166910900","media":"CNN Business","summary":"New York (CNN Business) - Stop us if you've heard this before. Giant tech stocks are finally due for","content":"<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>Stop us if you've heard this before. Giant tech stocks are finally due for a prolonged cooling-off period and investors need to start&nbsp;adding more value stocks, such as banks, oil firms and retailers, to their portfolios as&nbsp;the economy recovers.</p>\n<p>The so-called FAANGs have been market leaders for several years running. But the&nbsp;stunning surge for tech&nbsp;could be coming to an end.</p>\n<p>\"That's the big question of the moment for investors. Is this it for FAANG?\" said Donny Kranson, a portfolio manager for the Vontobel Quality Growth fund.</p>\n<p>The&nbsp;Nasdaq&nbsp;is up about 3% so far in 2021. That's a respectable gain, to be sure. But it hasn't been a smooth move higher. It's been choppy, and the Nasdaq's increase is lagging that of the&nbsp;Dow&nbsp;and&nbsp;S&amp;P 500&nbsp;this year.</p>\n<p><b>Value investing making a comeback</b></p>\n<p>Within the S&amp;P 500, value stocks are beating growth stocks by a wide margin. TheiShares S&amp;P 500 Value&nbsp;(IVE)&nbsp;ETF is up 8% compared to just a 1% gain for theiShares S&amp;P Growth&nbsp;(IVW)&nbsp;ETF.</p>\n<p>\"We have seen strong value performance year to date. People are starting to take notice,\" said Joel Schneider, deputy head of portfolio management at Dimensional Fund Advisors.</p>\n<p>What's more, the performance of the top techs that dominate the S&amp;P 500 has been mixed. Shares of&nbsp;Amazon&nbsp;(AMZN),Apple&nbsp;(AAPL),Netflix&nbsp;(NFLX)&nbsp;and&nbsp;Tesla&nbsp;(TSLA)&nbsp;are all down n 2021 while&nbsp;Facebook&nbsp;(FB), Google owner&nbsp;Alphabe&nbsp;t(GOOGL)&nbsp;and&nbsp;Microsoft&nbsp;(MSFT)&nbsp;are in positive territory.</p>\n<p>Several top investment experts think that the volatility for tech will continue. Jeff Gundlach's DoubleLine just put out a new paper declaring that value investing is not dead.</p>\n<p>\"Given the protracted, more-than-decadelong run of growth relative to value, it is logical to consider a reallocation of some of that capital away from growth and into value,\" said Emidio Checcone and Brian Ear, portfolio managers of the DoubleLine Equity Value Strategy fund, in the report.</p>\n<p>Another top money manager is betting that more market pain could be in the cards. Cambria, the firm run my Meb Faber, just announced that it is converting what was a global sovereign bond ETF to a fund that will bet against international stock markets. The ticker:FAIL.</p>\n<p>This fund will complement a similar US-based ETF called&nbsp;TAIL&nbsp;that bets against the S&amp;P 500. It's an interesting strategy given that some investors are growing concerned about the future performance of the tech stocks that dominate the S&amp;P 500.</p>\n<p><b>Stay away from the fad stocks</b></p>\n<p>There are also increased worries about the meme-ification of the stock market. Reddit-loving investors, armed with stimulus money and easy, inexpensive access to trading thanks to brokerages like&nbsp;Robinhood, have been bidding up speculative companies like&nbsp;GameStop&nbsp;(GME)&nbsp;and&nbsp;AMC&nbsp;(AMC).</p>\n<p>\"This new phenomenon of 'stocks as entertainment' has the potential to end in disaster for brokerage account values when momentum reverses and share prices decline,\" said Justin Tugman, portfolio manager at Janus Henderson, in a report.</p>\n<p>\"We have seen this behavior before during the tech wreck of 2000. While investor euphoria can last far longer than seems sane, eventually valuation does matter,\" he added.</p>\n<p>The big worry is that investors are not learning from the mistakes of previous market manias.</p>\n<p>\"Many of these companies are not making any money. Once rates start to rise, these companies are even more at risk. Be wary,\" said Andrew Slimmon, a managing director at Morgan Stanley Investment Management, in a report.</p>\n<p>Slimmon added that many companies with rapidly growing sales but no profits \"are trading at bubble territory levels.\"</p>\n<p><b>Banks, energy and retail looking attractive</b></p>\n<p>So which stocks are the best bets right now?</p>\n<p>Banks, consumer stocks and other economically sensitive companies should benefit if long-term bond rates keep rising and the job market picks up steam.</p>\n<p>\"We are seeing a move toward cyclicals in general as yields and inflation expectations push higher,\" said Fiona Cincotta, senior financial market analyst at City Index, in an interview with CNN Business.</p>\n<p>\"It may not be a straight line up. These rallies rarely are. But as we move forward, the data still shows signs of improvement,\" she added.</p>\n<p>Investors seem to recognize that the FAANGs are not the only companies that hunkered down during the pandemic and found ways to continue thriving.</p>\n<p>\"Tech companies were rewarded for being nimble during Covid. But the market is now rewarding more companies that adapted. The rally is broadening out,\" said Stephen Lee, founding principal at Logan Capital Management, in an interview with CNN Business.</p>\n<p>Lee said that retailers likeWilliams-Sonoma(WSM)should benefit from stronger consumer demand and a resilient housing market. And as people begin to travel more, energy, airlines and other value sectors should continue to rebound too.</p>\n<p>Janus Henderson's Tugman noted that the \"post-pandemic reopening of the economy\" and rising inflation expectations also bode well for energy, chemical and steel companies, which he argues will be able to pass on the costs of higher commodity prices to their customers.</p>\n<p>That said, investors shouldn't ignore tech or other growth stocks entirely. They may just need to ratchet down their exposure to riskier companies and also be sure to look for quality companies.</p>\n<p>\"Some stocks have been growing just on hope. The rise of individual investors not buying stocks for their earnings is worrisome,\" said Vontobel's Kranson. \"You have to pay for the quality of the business.\"</p>\n<p>In other words, momentum shouldn't be confused with success.</p>\n<p>\"The better a stock does, the more investors tend to believe its future prospects must be good. But that's not always the case,\" Kranson said.</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>Fed up with FAANG and meme stocks? Here's a new investing strategy</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\">\nFed up with FAANG and meme stocks? Here's a new investing strategy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-24 21:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/03/24/investing/stocks-value-growth/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) - Stop us if you've heard this before. Giant tech stocks are finally due for a prolonged cooling-off period and investors need to start adding more value stocks, such as banks,...</p>\n\n<a href=\"https://edition.cnn.com/2021/03/24/investing/stocks-value-growth/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://edition.cnn.com/2021/03/24/investing/stocks-value-growth/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166910900","content_text":"New York (CNN Business) - Stop us if you've heard this before. Giant tech stocks are finally due for a prolonged cooling-off period and investors need to start adding more value stocks, such as banks, oil firms and retailers, to their portfolios as the economy recovers.\nThe so-called FAANGs have been market leaders for several years running. But the stunning surge for tech could be coming to an end.\n\"That's the big question of the moment for investors. Is this it for FAANG?\" said Donny Kranson, a portfolio manager for the Vontobel Quality Growth fund.\nThe Nasdaq is up about 3% so far in 2021. That's a respectable gain, to be sure. But it hasn't been a smooth move higher. It's been choppy, and the Nasdaq's increase is lagging that of the Dow and S&P 500 this year.\nValue investing making a comeback\nWithin the S&P 500, value stocks are beating growth stocks by a wide margin. TheiShares S&P 500 Value (IVE) ETF is up 8% compared to just a 1% gain for theiShares S&P Growth (IVW) ETF.\n\"We have seen strong value performance year to date. People are starting to take notice,\" said Joel Schneider, deputy head of portfolio management at Dimensional Fund Advisors.\nWhat's more, the performance of the top techs that dominate the S&P 500 has been mixed. Shares of Amazon (AMZN),Apple (AAPL),Netflix (NFLX) and Tesla (TSLA) are all down n 2021 while Facebook (FB), Google owner Alphabe t(GOOGL) and Microsoft (MSFT) are in positive territory.\nSeveral top investment experts think that the volatility for tech will continue. Jeff Gundlach's DoubleLine just put out a new paper declaring that value investing is not dead.\n\"Given the protracted, more-than-decadelong run of growth relative to value, it is logical to consider a reallocation of some of that capital away from growth and into value,\" said Emidio Checcone and Brian Ear, portfolio managers of the DoubleLine Equity Value Strategy fund, in the report.\nAnother top money manager is betting that more market pain could be in the cards. Cambria, the firm run my Meb Faber, just announced that it is converting what was a global sovereign bond ETF to a fund that will bet against international stock markets. The ticker:FAIL.\nThis fund will complement a similar US-based ETF called TAIL that bets against the S&P 500. It's an interesting strategy given that some investors are growing concerned about the future performance of the tech stocks that dominate the S&P 500.\nStay away from the fad stocks\nThere are also increased worries about the meme-ification of the stock market. Reddit-loving investors, armed with stimulus money and easy, inexpensive access to trading thanks to brokerages like Robinhood, have been bidding up speculative companies like GameStop (GME) and AMC (AMC).\n\"This new phenomenon of 'stocks as entertainment' has the potential to end in disaster for brokerage account values when momentum reverses and share prices decline,\" said Justin Tugman, portfolio manager at Janus Henderson, in a report.\n\"We have seen this behavior before during the tech wreck of 2000. While investor euphoria can last far longer than seems sane, eventually valuation does matter,\" he added.\nThe big worry is that investors are not learning from the mistakes of previous market manias.\n\"Many of these companies are not making any money. Once rates start to rise, these companies are even more at risk. Be wary,\" said Andrew Slimmon, a managing director at Morgan Stanley Investment Management, in a report.\nSlimmon added that many companies with rapidly growing sales but no profits \"are trading at bubble territory levels.\"\nBanks, energy and retail looking attractive\nSo which stocks are the best bets right now?\nBanks, consumer stocks and other economically sensitive companies should benefit if long-term bond rates keep rising and the job market picks up steam.\n\"We are seeing a move toward cyclicals in general as yields and inflation expectations push higher,\" said Fiona Cincotta, senior financial market analyst at City Index, in an interview with CNN Business.\n\"It may not be a straight line up. These rallies rarely are. But as we move forward, the data still shows signs of improvement,\" she added.\nInvestors seem to recognize that the FAANGs are not the only companies that hunkered down during the pandemic and found ways to continue thriving.\n\"Tech companies were rewarded for being nimble during Covid. But the market is now rewarding more companies that adapted. The rally is broadening out,\" said Stephen Lee, founding principal at Logan Capital Management, in an interview with CNN Business.\nLee said that retailers likeWilliams-Sonoma(WSM)should benefit from stronger consumer demand and a resilient housing market. And as people begin to travel more, energy, airlines and other value sectors should continue to rebound too.\nJanus Henderson's Tugman noted that the \"post-pandemic reopening of the economy\" and rising inflation expectations also bode well for energy, chemical and steel companies, which he argues will be able to pass on the costs of higher commodity prices to their customers.\nThat said, investors shouldn't ignore tech or other growth stocks entirely. They may just need to ratchet down their exposure to riskier companies and also be sure to look for quality companies.\n\"Some stocks have been growing just on hope. The rise of individual investors not buying stocks for their earnings is worrisome,\" said Vontobel's Kranson. \"You have to pay for the quality of the business.\"\nIn other words, momentum shouldn't be confused with success.\n\"The better a stock does, the more investors tend to believe its future prospects must be good. But that's not always the case,\" Kranson said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328086499,"gmtCreate":1615474794011,"gmtModify":1703489657794,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Finally","listText":"Finally","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328086499","repostId":"1124053377","repostType":4,"repost":{"id":"1124053377","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615473709,"share":"https://www.laohu8.com/m/news/1124053377?lang=&edition=full","pubTime":"2021-03-11 22:41","market":"us","language":"en","title":"Big Tech Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=1124053377","media":"Tiger Newspress","summary":"Tesla was up 3%. Apple and Facebook jumped at least 2%, while Amazon, Alphabet and Microsoft shares ","content":"<p>Tesla was up 3%. Apple and Facebook jumped at least 2%, while Amazon, Alphabet and Microsoft shares were also higher.</p><p><img src=\"https://static.tigerbbs.com/04ae1da5f4402eac25af27dc7b03f34e\" tg-width=\"404\" tg-height=\"414\" 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>Big Tech Rebound</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\">\nBig Tech Rebound\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\">2021-03-11 22:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla was up 3%. Apple and Facebook jumped at least 2%, while Amazon, Alphabet and Microsoft shares were also higher.</p><p><img src=\"https://static.tigerbbs.com/04ae1da5f4402eac25af27dc7b03f34e\" tg-width=\"404\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","TSLA":"特斯拉","GOOGL":"谷歌A","AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124053377","content_text":"Tesla was up 3%. Apple and Facebook jumped at least 2%, while Amazon, Alphabet and Microsoft shares were also higher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":329102735,"gmtCreate":1615213852927,"gmtModify":1703485763487,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Aiyo all these negative reports are not helping&nbsp;either.... they shd be positive abt it and not scared us the retail investors ...","listText":"Aiyo all these negative reports are not helping&nbsp;either.... they shd be positive abt it and not scared us the retail investors ...","text":"Aiyo all these negative reports are not helping either.... they shd be positive abt it and not scared us the retail investors ...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/329102735","repostId":"1132314005","repostType":4,"repost":{"id":"1132314005","kind":"news","pubTimestamp":1615211001,"share":"https://www.laohu8.com/m/news/1132314005?lang=&edition=full","pubTime":"2021-03-08 21:43","market":"us","language":"en","title":"How to handle market declines","url":"https://stock-news.laohu8.com/highlight/detail?id=1132314005","media":"Capital Group","summary":"You wouldn’t be human if you didn’t fear loss.\nNobel Prize-winning psychologist Daniel Kahneman demo","content":"<p>You wouldn’t be human if you didn’t fear loss.</p>\n<p>Nobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains. The natural instinct is to flee the market when it starts to plummet, just as greed prompts people to jump back in when stocks are skyrocketing. Both can have negative impacts.</p>\n<p>But smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are seven principles that can help fight the urge to make emotional decisions in times of market turmoil.</p>\n<p><b>1. Market declines are part of investing</b></p>\n<p>Stocks have risen steadily for most of the last decade, but history tells us that stock market declines are an inevitable part of investing. The good news is that corrections (defined as a 10% or more decline), bear markets (an extended 20% or more decline) and other challenging patches haven’t lasted forever.</p>\n<p><img src=\"https://static.tigerbbs.com/de01aaa90e8493bebe0ce8650722d2a9\" tg-width=\"916\" tg-height=\"359\"></p>\n<p>The Standard &amp; Poor’s 500 Composite Index has typically dipped at least 10% about once a year, and 20% or more about every six years, according to data from 1950 to 2019. While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high.</p>\n<p><b>2. Time in the market matters, not market timing</b></p>\n<p>No one can accurately predict short-term market moves, and investors who sit on the sidelines risk losing out on periods of meaningful price appreciation that follow downturns.</p>\n<p>Every S&amp;P 500 decline of 15% or more, from 1929 through 2019, has been followed by a recovery. The average return in the first year after each of these declines was 54%.</p>\n<p>Even missing out on just a few trading days can take a toll. A hypothetical investment of $1,000 in the S&amp;P 500 made in 2010 would have grown to more than $2,800 by the end of 2019. But if an investor missed just the 10 best trading days during that period, he or she would have ended up with 33% less.</p>\n<p><img src=\"https://static.tigerbbs.com/5f6b5b3ae6b57cc31f1af5aebbc17fa2\" tg-width=\"916\" tg-height=\"517\"></p>\n<p><b>3. Emotional investing can be hazardous</b></p>\n<p>Kahneman won his Nobel Prize in 2002 for his work in behavioral economics, a field that investigates how individuals make financial decisions. A key finding of behavioral economists is that people often act irrationally when making such choices.</p>\n<p>Emotional reactions to market events are perfectly normal. Investors should expect to feel nervous when markets decline, but it’s the actions taken during such periods that can mean the difference between investment success and shortfall.</p>\n<p><img src=\"https://static.tigerbbs.com/4ce214d221fe60c0d520aa334e3d7be7\" tg-width=\"916\" tg-height=\"448\"></p>\n<p>One way to encourage rational investment decision-making is to understand the fundamentals of&nbsp;behavioral economics. Recognizing behaviors like anchoring, confirmation bias and availability bias may help investors identify potential mistakes before they make them.</p>\n<p><b>4. Make a plan and stick to it</b></p>\n<p>Creating and adhering to a thoughtfully constructed investment plan is another way to avoid making short-sighted investment decisions — particularly when markets move lower. The plan should take into account a number of factors, including risk tolerance and short- and long-term goals.</p>\n<p>One way to avoid futile attempts to time the market is with dollar cost averaging, where a fixed amount of money is invested at regular intervals, regardless of market ups and downs. This approach creates a strategy in which more shares are purchased at lower prices and fewer shares are purchased at higher prices. Over time investors pay less, on average, per share. Regular investing does not ensure a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.</p>\n<p><img src=\"https://static.tigerbbs.com/c40068e959546f5e54c0a77a783a038b\" tg-width=\"916\" tg-height=\"501\"></p>\n<p>Retirement plans, to which investors make automatic contributions with every paycheck, are a prime example of dollar cost averaging.</p>\n<p><b>5. Diversification matters</b></p>\n<p>A diversified portfolio doesn’t guarantee profits or provide assurances that investments won’t decrease in value, but it does help lower risk. By spreading investments across a variety of asset classes, investors can buffer the effects of volatility on their portfolios. Overall returns won’t reach the highest highs of any single investment — but they won’t hit the lowest lows either.</p>\n<p>For investors who want to avoid some of the stress of downturns, diversification can help lower volatility.</p>\n<p><img src=\"https://static.tigerbbs.com/a6b891f36b43c3ca3b7f9285cf8d0ca4\" tg-width=\"916\" tg-height=\"645\"></p>\n<p><b>6. Fixed income can help bring balance</b></p>\n<p>Stocks are important building blocks of a diversified portfolio, but bonds can provide an essential counterbalance. That’s because bonds typically have low correlation to the stock market, meaning that they have tended to zig when the stock market zagged.</p>\n<p><img src=\"https://static.tigerbbs.com/890a63f81150f3bfa535786be314ddea\" tg-width=\"916\" tg-height=\"537\"></p>\n<p>What’s more, bonds with a low equity correlation can potentially help soften the impact of stock market losses on your overall portfolio. Funds providing this diversification can help create durable portfolios, and investors should seek bond funds with strong track records of positive returns through a variety of markets.</p>\n<p>Though bonds may not be able to match the growth potential of stocks, they have often shown resilience in past equity declines. For example, U.S. core bonds were flat or positive in five of the last six corrections.</p>\n<p><b>7. The market tends to reward long-term investors</b></p>\n<p>Is it reasonable to expect 30% returns every year? Of course not. And if stocks have moved lower in recent weeks, you shouldn’t expect that to be the start of a long-term trend, either. Behavioral economics tells us recent events carry an outsized influence on our perceptions and decisions.</p>\n<p>It’s always important to maintain a long-term perspective, but especially when markets are declining. Although stocks rise and fall in the short term, they’ve tended to reward investors over longer periods of time. Even including downturns, the S&amp;P 500’s average annual return over all 10-year periods from 1937 to 2019 was 10.47%.</p>\n<p><img src=\"https://static.tigerbbs.com/9a43c92755d55227a882d674690c39c3\" tg-width=\"795\" tg-height=\"532\"></p>\n<p>It’s natural for emotions to bubble up during periods of volatility. Those investors who can tune out the news and focus on their long-term goals are better positioned to plot out a wise investment strategy.</p>","source":"lsy1615210994562","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>How to handle market declines</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\">\nHow to handle market declines\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-08 21:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.capitalgroup.com/advisor/insights/articles/handle-market-declines.html><strong>Capital Group</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You wouldn’t be human if you didn’t fear loss.\nNobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more ...</p>\n\n<a href=\"https://www.capitalgroup.com/advisor/insights/articles/handle-market-declines.html\">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",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.capitalgroup.com/advisor/insights/articles/handle-market-declines.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132314005","content_text":"You wouldn’t be human if you didn’t fear loss.\nNobel Prize-winning psychologist Daniel Kahneman demonstrated this with his loss aversion theory, showing that people feel the pain of losing money more than they enjoy gains. The natural instinct is to flee the market when it starts to plummet, just as greed prompts people to jump back in when stocks are skyrocketing. Both can have negative impacts.\nBut smart investing can overcome the power of emotion by focusing on relevant research, solid data and proven strategies. Here are seven principles that can help fight the urge to make emotional decisions in times of market turmoil.\n1. Market declines are part of investing\nStocks have risen steadily for most of the last decade, but history tells us that stock market declines are an inevitable part of investing. The good news is that corrections (defined as a 10% or more decline), bear markets (an extended 20% or more decline) and other challenging patches haven’t lasted forever.\n\nThe Standard & Poor’s 500 Composite Index has typically dipped at least 10% about once a year, and 20% or more about every six years, according to data from 1950 to 2019. While past results are not predictive of future results, each downturn has been followed by a recovery and a new market high.\n2. Time in the market matters, not market timing\nNo one can accurately predict short-term market moves, and investors who sit on the sidelines risk losing out on periods of meaningful price appreciation that follow downturns.\nEvery S&P 500 decline of 15% or more, from 1929 through 2019, has been followed by a recovery. The average return in the first year after each of these declines was 54%.\nEven missing out on just a few trading days can take a toll. A hypothetical investment of $1,000 in the S&P 500 made in 2010 would have grown to more than $2,800 by the end of 2019. But if an investor missed just the 10 best trading days during that period, he or she would have ended up with 33% less.\n\n3. Emotional investing can be hazardous\nKahneman won his Nobel Prize in 2002 for his work in behavioral economics, a field that investigates how individuals make financial decisions. A key finding of behavioral economists is that people often act irrationally when making such choices.\nEmotional reactions to market events are perfectly normal. Investors should expect to feel nervous when markets decline, but it’s the actions taken during such periods that can mean the difference between investment success and shortfall.\n\nOne way to encourage rational investment decision-making is to understand the fundamentals of behavioral economics. Recognizing behaviors like anchoring, confirmation bias and availability bias may help investors identify potential mistakes before they make them.\n4. Make a plan and stick to it\nCreating and adhering to a thoughtfully constructed investment plan is another way to avoid making short-sighted investment decisions — particularly when markets move lower. The plan should take into account a number of factors, including risk tolerance and short- and long-term goals.\nOne way to avoid futile attempts to time the market is with dollar cost averaging, where a fixed amount of money is invested at regular intervals, regardless of market ups and downs. This approach creates a strategy in which more shares are purchased at lower prices and fewer shares are purchased at higher prices. Over time investors pay less, on average, per share. Regular investing does not ensure a profit or protect against loss. Investors should consider their willingness to keep investing when share prices are declining.\n\nRetirement plans, to which investors make automatic contributions with every paycheck, are a prime example of dollar cost averaging.\n5. Diversification matters\nA diversified portfolio doesn’t guarantee profits or provide assurances that investments won’t decrease in value, but it does help lower risk. By spreading investments across a variety of asset classes, investors can buffer the effects of volatility on their portfolios. Overall returns won’t reach the highest highs of any single investment — but they won’t hit the lowest lows either.\nFor investors who want to avoid some of the stress of downturns, diversification can help lower volatility.\n\n6. Fixed income can help bring balance\nStocks are important building blocks of a diversified portfolio, but bonds can provide an essential counterbalance. That’s because bonds typically have low correlation to the stock market, meaning that they have tended to zig when the stock market zagged.\n\nWhat’s more, bonds with a low equity correlation can potentially help soften the impact of stock market losses on your overall portfolio. Funds providing this diversification can help create durable portfolios, and investors should seek bond funds with strong track records of positive returns through a variety of markets.\nThough bonds may not be able to match the growth potential of stocks, they have often shown resilience in past equity declines. For example, U.S. core bonds were flat or positive in five of the last six corrections.\n7. The market tends to reward long-term investors\nIs it reasonable to expect 30% returns every year? Of course not. And if stocks have moved lower in recent weeks, you shouldn’t expect that to be the start of a long-term trend, either. Behavioral economics tells us recent events carry an outsized influence on our perceptions and decisions.\nIt’s always important to maintain a long-term perspective, but especially when markets are declining. Although stocks rise and fall in the short term, they’ve tended to reward investors over longer periods of time. Even including downturns, the S&P 500’s average annual return over all 10-year periods from 1937 to 2019 was 10.47%.\n\nIt’s natural for emotions to bubble up during periods of volatility. Those investors who can tune out the news and focus on their long-term goals are better positioned to plot out a wise investment strategy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368573058,"gmtCreate":1614342713474,"gmtModify":1703476634601,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Buy next week","listText":"Buy next week","text":"Buy next week","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368573058","repostId":"2114326273","repostType":4,"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368516346,"gmtCreate":1614337408785,"gmtModify":1703476555257,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"Why why? &nbsp;Because you can’t tax Bitcoin that’s why&nbsp;","listText":"Why why? &nbsp;Because you can’t tax Bitcoin that’s why&nbsp;","text":"Why why? Because you can’t tax Bitcoin that’s why","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368516346","repostId":"1125238969","repostType":4,"repost":{"id":"1125238969","kind":"news","pubTimestamp":1614311542,"share":"https://www.laohu8.com/m/news/1125238969?lang=&edition=full","pubTime":"2021-02-26 11:52","market":"fut","language":"en","title":"Bitcoin May Be Weighing on Tech Stocks Again","url":"https://stock-news.laohu8.com/highlight/detail?id=1125238969","media":"Barrons","summary":"“Blame it on Bitcoin” may be a new catchphrase if the tech sector keeps sinking.Semiconductor makerN","content":"<p>“Blame it on Bitcoin” may be a new catchphrase if the tech sector keeps sinking.</p><p>Semiconductor makerNvidia(ticker: NVDA) was down 8.2%, at $532.3, in recent trading amid a broader rout in the tech-heavyNasdaq Compositeindex. The chip stock stands out because the company issueda strong earnings reportWednesday, including a lift from products related to Bitcoin and other cryptocurrencies.</p><p>Payments app&nbsp;Square(SQ), meanwhile, also continued its slide, down 4.3%, at $227.11. The company’srelatively strong&nbsp;earnings report on Tuesday included investments and operational gains from Bitcoin, and the firm said it plans to “double down” on the digital coin. That may be weighing on the stock, which is down nearly 20% in the last few sessions as&nbsp;Bitcoin prices have slumped.</p><p>Tech is under pressure for other reasons: Steep valuations have made the sector vulnerable to weakness in company forecasts. Rising bond yields pose a threat by pressuring the present value of future cash flows. Big Tech is also a crowded trade that could be losing favor as investors look for more-cyclical exposure or sectors with lower valuations.</p><p>But the trading patterns in Nvidia, Square,Tesla(TSLA), and other stocks may also be a sign of Bitcoin’s growing influence. Companies are plowing capital into Bitcoin directly and related products and services, expanding exposure at a time when prices have skyrocketed more than 350% in the past year. Despite its recent slide, Bitcoin is still up 67% this year.</p><p>Crypto is&nbsp;certainly gathering momentum.Mastercard&nbsp;(MA) said this month that it would start supporting cryptocurrencies directly on its network, noting that many consumers are already using cards to buy crypto assets. But it would still be a stretch to turn Bitcoin into a viable currency for everyday purchases, a&nbsp;Mastercard&nbsp;executive noted at a conference on Thursday.</p><p>“Bitcoin doesn’t behave like a payment instrument,” said Mastercard Executive Vice Chair Ann Cairns, according to a&nbsp;report&nbsp;on MarketWatch. “It’s too volatile and it takes too long to transact.”</p><p>Whether it becomes an asset class or payment instrument, the rise (and potential fall) of Bitcoin is ripping through corners of tech, banking, and other sectors.</p><p>Nvidia, for instance, issued animpressiveearnings report, as<i>Barron’s</i>noted. But it’s also becoming more of a crypto play.</p><p>The company said crypto may have had a $100 million to $300 million positive impact in the quarter. The firm is launching a new line of cryptocurrency mining processors, or CMPs, for professional crypto-mining.</p><p>“Cryptocurrencies have recently started to be accepted by companies and financial institutions and show increased signs of staying power,” Nvidia told investors. Its new line of CMPs will give the firm more visibility into the contribution of crypto to revenue, the company added.</p><p>Some analysts are questioning the sustainability of the trend.Piper Sandler’s Harsh Kumarreiterated an Overweight rating on the shares, for instance, but cautioned about Nvidia’s growing exposure to crypto.</p><p>“With cryptocurrency entering the picture again, the delineation between crypto and core gaming upside is blurred,” he writes. “We feel investors may question the sustainability of these trends, particularly given the cryptocurrency issues in the past.”</p><p>Payments app Square, as noted above, is also now squarely in the Bitcoin debate. While core business trends are looking healthy, investors may be concerned that Square is expanding into crypto as prices peak. The company purchased $170 million of Bitcoin in the quarter, on top of $50 million previously purchased, and is marketing its Cash App as a mechanism to buy, store, and eventually transact with the cryptocurrency.</p><p>Wall Street has mixed views on that idea. Competitors like&nbsp;PayPal Holdings(PYPL) are also plowing into Bitcoin, along with other “neobbank” competitors, notes&nbsp;JMP analyst David Scharf. That raises questions about the long-term “stickiness” of Cash App and whether its growth can be sustained.</p><p>Indeed, Cash App now accounts for about half of Square’s gross profits, and the company is counting on Bitcoin to fuel demand. That is making Square stock a kind of derivative on Bitcoin; shares have been increasingly correlated to the price of Bitcoin over the past year, and the relationship may only be getting tighter.</p><p>Square stock also may not be fully accounting for the volatility of Bitcoin, which has had several boom-bust cycles. At around 100 estimated 2022 Ebitda (earnings before interest, taxes, depreciation, and amortization), the stock looks fully valued, according to Scharf, who maintained a Market Perform rating.</p><p>Guggenheim’s Jeff Cantwell&nbsp;took the opposite side of that debate. He upgraded Square stock to a Buy on Thursday, partly on an upbeat outlook for Bitcoin. “We think Bitcoin is on a long-term trajectory higher,” he writes, adding that it should drive an increase in Cash App usage and other metrics.</p><p>He doesn’t see Bitcoin becoming a currency used for mainstream purchases anytime soon. But that’s beside the point, he notes, since Bitcoin is turning into “digital gold”—a store of value and an asset class. There are 50 million digital Bitcoin wallets globally, a large and growing user base, he notes. Square is doing its part to take Bitcoin mainstream.</p><p>Cantwell sees Square stock hitting $288. Bitcoin may have to do its part for the stock to get there, too.</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>Bitcoin May Be Weighing on Tech Stocks Again</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\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\">\nBitcoin May Be Weighing on Tech Stocks Again\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 11:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/bitcoin-may-be-weighing-on-tech-stocks-again-investors-should-be-wary-51614284904?mod=hp_LEAD_2_B_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“Blame it on Bitcoin” may be a new catchphrase if the tech sector keeps sinking.Semiconductor makerNvidia(ticker: NVDA) was down 8.2%, at $532.3, in recent trading amid a broader rout in the tech-...</p>\n\n<a href=\"https://www.barrons.com/articles/bitcoin-may-be-weighing-on-tech-stocks-again-investors-should-be-wary-51614284904?mod=hp_LEAD_2_B_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal",".DJI":"道琼斯","NVDA":"英伟达","GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉",".IXIC":"NASDAQ Composite","SQ":"Block",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/bitcoin-may-be-weighing-on-tech-stocks-again-investors-should-be-wary-51614284904?mod=hp_LEAD_2_B_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125238969","content_text":"“Blame it on Bitcoin” may be a new catchphrase if the tech sector keeps sinking.Semiconductor makerNvidia(ticker: NVDA) was down 8.2%, at $532.3, in recent trading amid a broader rout in the tech-heavyNasdaq Compositeindex. The chip stock stands out because the company issueda strong earnings reportWednesday, including a lift from products related to Bitcoin and other cryptocurrencies.Payments app Square(SQ), meanwhile, also continued its slide, down 4.3%, at $227.11. The company’srelatively strong earnings report on Tuesday included investments and operational gains from Bitcoin, and the firm said it plans to “double down” on the digital coin. That may be weighing on the stock, which is down nearly 20% in the last few sessions as Bitcoin prices have slumped.Tech is under pressure for other reasons: Steep valuations have made the sector vulnerable to weakness in company forecasts. Rising bond yields pose a threat by pressuring the present value of future cash flows. Big Tech is also a crowded trade that could be losing favor as investors look for more-cyclical exposure or sectors with lower valuations.But the trading patterns in Nvidia, Square,Tesla(TSLA), and other stocks may also be a sign of Bitcoin’s growing influence. Companies are plowing capital into Bitcoin directly and related products and services, expanding exposure at a time when prices have skyrocketed more than 350% in the past year. Despite its recent slide, Bitcoin is still up 67% this year.Crypto is certainly gathering momentum.Mastercard (MA) said this month that it would start supporting cryptocurrencies directly on its network, noting that many consumers are already using cards to buy crypto assets. But it would still be a stretch to turn Bitcoin into a viable currency for everyday purchases, a Mastercard executive noted at a conference on Thursday.“Bitcoin doesn’t behave like a payment instrument,” said Mastercard Executive Vice Chair Ann Cairns, according to a report on MarketWatch. “It’s too volatile and it takes too long to transact.”Whether it becomes an asset class or payment instrument, the rise (and potential fall) of Bitcoin is ripping through corners of tech, banking, and other sectors.Nvidia, for instance, issued animpressiveearnings report, asBarron’snoted. But it’s also becoming more of a crypto play.The company said crypto may have had a $100 million to $300 million positive impact in the quarter. The firm is launching a new line of cryptocurrency mining processors, or CMPs, for professional crypto-mining.“Cryptocurrencies have recently started to be accepted by companies and financial institutions and show increased signs of staying power,” Nvidia told investors. Its new line of CMPs will give the firm more visibility into the contribution of crypto to revenue, the company added.Some analysts are questioning the sustainability of the trend.Piper Sandler’s Harsh Kumarreiterated an Overweight rating on the shares, for instance, but cautioned about Nvidia’s growing exposure to crypto.“With cryptocurrency entering the picture again, the delineation between crypto and core gaming upside is blurred,” he writes. “We feel investors may question the sustainability of these trends, particularly given the cryptocurrency issues in the past.”Payments app Square, as noted above, is also now squarely in the Bitcoin debate. While core business trends are looking healthy, investors may be concerned that Square is expanding into crypto as prices peak. The company purchased $170 million of Bitcoin in the quarter, on top of $50 million previously purchased, and is marketing its Cash App as a mechanism to buy, store, and eventually transact with the cryptocurrency.Wall Street has mixed views on that idea. Competitors like PayPal Holdings(PYPL) are also plowing into Bitcoin, along with other “neobbank” competitors, notes JMP analyst David Scharf. That raises questions about the long-term “stickiness” of Cash App and whether its growth can be sustained.Indeed, Cash App now accounts for about half of Square’s gross profits, and the company is counting on Bitcoin to fuel demand. That is making Square stock a kind of derivative on Bitcoin; shares have been increasingly correlated to the price of Bitcoin over the past year, and the relationship may only be getting tighter.Square stock also may not be fully accounting for the volatility of Bitcoin, which has had several boom-bust cycles. At around 100 estimated 2022 Ebitda (earnings before interest, taxes, depreciation, and amortization), the stock looks fully valued, according to Scharf, who maintained a Market Perform rating.Guggenheim’s Jeff Cantwell took the opposite side of that debate. He upgraded Square stock to a Buy on Thursday, partly on an upbeat outlook for Bitcoin. “We think Bitcoin is on a long-term trajectory higher,” he writes, adding that it should drive an increase in Cash App usage and other metrics.He doesn’t see Bitcoin becoming a currency used for mainstream purchases anytime soon. But that’s beside the point, he notes, since Bitcoin is turning into “digital gold”—a store of value and an asset class. There are 50 million digital Bitcoin wallets globally, a large and growing user base, he notes. Square is doing its part to take Bitcoin mainstream.Cantwell sees Square stock hitting $288. Bitcoin may have to do its part for the stock to get there, too.","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361701886,"gmtCreate":1614259493745,"gmtModify":1634550428812,"author":{"id":"3574111064094993","authorId":"3574111064094993","name":"Juliashantal","avatar":"https://static.tigerbbs.com/d7b58c9e80b8487dd1fb7328dcffa210","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574111064094993","authorIdStr":"3574111064094993"},"themes":[],"htmlText":"I still will buy gold","listText":"I still will buy gold","text":"I still will buy gold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361701886","repostId":"1138521814","repostType":4,"repost":{"id":"1138521814","kind":"news","pubTimestamp":1614225756,"share":"https://www.laohu8.com/m/news/1138521814?lang=&edition=full","pubTime":"2021-02-25 12:02","market":"us","language":"en","title":"Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1138521814","media":"cnbc","summary":"KEY POINTS\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime busine","content":"<div>\n<p>KEY POINTS\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy....</p>\n\n<a href=\"https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.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>Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000</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\">\nCharlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-25 12:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy....</p>\n\n<a href=\"https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉","BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.cnbc.com/2021/02/24/munger-on-tesla-at-1-trillion-50000-bitcoin-i-dont-know-whats-worse.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1138521814","content_text":"KEY POINTS\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy.\n“I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange,” he said.\nAsked about bitcoin’s price and Tesla’s market cap, Munger said, “I don’t know which is worse.”\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy.\nDuring an interview at the Daily Journal’s annual shareholder’s meeting,Munger was asked whether he thought it was crazier for bitcoin to hit $50,000 or for Tesla to reach a $1 trillion fully diluted enterprise value, he said: “Well I have the same difficulty that Samuel Johnson once had when he got a similar question, he said, ‘I can’t decide the order of precedency between a flea and a louse,’ and I feel the same way about those choices. I don’t know which is worse.”\nShares of Tesla rocketed 743% last year, though it’s currently down about 3% for 2021. Its market cap is about $689 billion. Bitcoin continued to surge to more than $50,000 over the past week after Tesla announced it bought $1.5 billion worth of the cryptocurrency.\nMunger was also asked what the biggest threat to banking is, and whether it was bitcoin or digital wallets like Apple Pay and Square.\n“I don’t think I know what the future of banking is, and I don’t think I know how the payment system will evolve,” he said. “I do think that a properly run bank is a great contributor to civilization and that the central banks of the world like controlling their own banking system and their own money supplies.”\n“So I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange. And it’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin.”\nMunger recommended others follow his practice.\n“Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable,” he added.\nDuring the same event,Munger also issued a dire warning for novice investors he said are being lured into a trading bubble through apps like Robinhood.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}