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kaikk
2022-01-04
Like please
S&P 500, Dow hit record highs on 1st trading day of 2022
kaikk
2022-01-02
[Happy]
If I Could Buy Only 1 Stock in 2022, This Would Be It
kaikk
2021-12-31
Like and share pls
DocuSign: COVID Or Not, E-Signature Is Here To Stay
kaikk
2021-10-09
Like please
Is the stock market open on Columbus Day? Yes! But the bond market isn't--Here's why
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please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/695008416","repostId":"2200886475","repostType":4,"repost":{"id":"2200886475","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":1641250187,"share":"https://www.laohu8.com/m/news/2200886475?lang=&edition=full","pubTime":"2022-01-04 06:49","market":"us","language":"en","title":"S&P 500, Dow hit record highs on 1st trading day of 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2200886475","media":"Reuters","summary":"* Tesla charges ahead on better-than-expected deliveries* Banks gain as Treasury yields rally* Dow u","content":"<html><head></head><body><p>* Tesla charges ahead on better-than-expected deliveries</p><p>* Banks gain as Treasury yields rally</p><p>* Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.2%</p><p>NEW YORK, Jan 3 (Reuters) - The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.</p><p>Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.</p><p>Tesla's shares jumped 13.5% after the electric car maker's quarterly deliveries beat analysts' estimates, riding out global chip shortages as it ramped up production in China.</p><p>The two stocks gave the biggest boosts to the S&P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.</p><p>"The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech's COVID-19 vaccine for children aged 12 to 15.</p><p>Thousands of U.S. schools have delayed this week's scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.</p><p>Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.</p><p>"It bodes well to see the market so resilient," he said.</p><p>All of Wall Street's main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.</p><p>The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.</p><p>Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.</p><p>Energy shares climbed with crude oil prices and upbeat prospects for demand.</p><p>Wells Fargo's shares advanced 5.7%, also helped by their upgrade to "overweight" by Barclays.</p><p>The benchmark S&P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.</p><p>The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.</p><p>The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.</p><p>Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Dow hit record highs on 1st trading day of 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500, Dow hit record highs on 1st trading day of 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-04 06:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Tesla charges ahead on better-than-expected deliveries</p><p>* Banks gain as Treasury yields rally</p><p>* Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.2%</p><p>NEW YORK, Jan 3 (Reuters) - The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.</p><p>Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.</p><p>Tesla's shares jumped 13.5% after the electric car maker's quarterly deliveries beat analysts' estimates, riding out global chip shortages as it ramped up production in China.</p><p>The two stocks gave the biggest boosts to the S&P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.</p><p>"The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech's COVID-19 vaccine for children aged 12 to 15.</p><p>Thousands of U.S. schools have delayed this week's scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.</p><p>Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.</p><p>"It bodes well to see the market so resilient," he said.</p><p>All of Wall Street's main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.</p><p>The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.</p><p>Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.</p><p>Energy shares climbed with crude oil prices and upbeat prospects for demand.</p><p>Wells Fargo's shares advanced 5.7%, also helped by their upgrade to "overweight" by Barclays.</p><p>The benchmark S&P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.</p><p>The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.</p><p>The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.</p><p>Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200886475","content_text":"* Tesla charges ahead on better-than-expected deliveries* Banks gain as Treasury yields rally* Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.2%NEW YORK, Jan 3 (Reuters) - The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.Tesla's shares jumped 13.5% after the electric car maker's quarterly deliveries beat analysts' estimates, riding out global chip shortages as it ramped up production in China.The two stocks gave the biggest boosts to the S&P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.\"The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required,\" said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech's COVID-19 vaccine for children aged 12 to 15.Thousands of U.S. schools have delayed this week's scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.\"It bodes well to see the market so resilient,\" he said.All of Wall Street's main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.Energy shares climbed with crude oil prices and upbeat prospects for demand.Wells Fargo's shares advanced 5.7%, also helped by their upgrade to \"overweight\" by Barclays.The benchmark S&P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692496021,"gmtCreate":1641131348181,"gmtModify":1641131348292,"author":{"id":"3574910578498482","authorId":"3574910578498482","name":"kaikk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[Happy] ","listText":"[Happy] ","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692496021","repostId":"2200444738","repostType":4,"repost":{"id":"2200444738","pubTimestamp":1641099600,"share":"https://www.laohu8.com/m/news/2200444738?lang=&edition=full","pubTime":"2022-01-02 13:00","market":"us","language":"en","title":"If I Could Buy Only 1 Stock in 2022, This Would Be It","url":"https://stock-news.laohu8.com/highlight/detail?id=2200444738","media":"Motley Fool","summary":"Our favorite stock picks for the coming year.","content":"<html><head></head><body><p>We're firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.</p><p>We asked some of our Fool.com contributors to whittle their favorites down to their top choice to buy in 2022 if they could only pick <a href=\"https://laohu8.com/S/AONE.U\">one</a>. Here's why <b><a href=\"https://laohu8.com/S/MMM\">3M</a></b> (NYSE:MMM), <b>Brookfield Asset Management </b>(NYSE:BAM), and <b>Brookfield Renewable</b> (NYSE:BEP)(NYSE:BEPC) topped their lists as the one stock they'd buy this year. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a909bb3cfb7abaedc74cfef9296edc0a\" tg-width=\"700\" tg-height=\"423\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>A diversified giant that's still on sale</h2><p><b>Reuben Gregg Brewer (3M):</b> Benjamin Graham, renowned value investor and mentor to Warren Buffet, explains that investors are partnered with "Mr. Market," a mercurial fellow prone to fits of despair and jubilation. When he's overly excited, you should consider selling to him; when he's pessimistic, you should think about buying. Right now, Mr. Market is very downbeat on diversified international industrial giant 3M. One way to see this is that the company's dividend yield, at around 3.3%, is near the top end of its historical range.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35404c30dd22bffd6cc4a1450aa485c9\" tg-width=\"720\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>MMM Dividend Yield data by YCharts</span></p><p>Graham had some other advice when it came to actually selecting stocks. Specifically, he argued that most investors would be wise sticking to large, financially strong companies, with strong dividend histories. 3M stacks up well on these measures. It has a market cap of $100 billion, which makes it a mega-cap stock. Its balance sheet is investment-grade rated by the major credit agencies, so it's financially strong. And it has increased its dividend annually for over 60 years, making it a very elite Dividend King.</p><p>So why is Mr. Market pessimistic? The answer is a mixture of slowing growth and some product and environmental lawsuits. These are notable problems, but they're not insurmountable. On the business front, the industrial giant's operations wax and wane over time just like any other company. Given its history and focus on innovation, it should eventually get back on a better track. As for the lawsuits, they could be costly, but it's likely that 3M will be able to handle the hit. In the end, this is an attractively priced name with a great history that is dealing with issues that seem transitory.</p><h2>A proven value creator</h2><p><b>Matt DiLallo (Brookfield Asset Management):</b> I like to invest. Because of that, I routinely purchase a variety of stocks. However, if I could only buy one in the coming year, Brookfield Asset Management would be my top choice.</p><p>For starters, I love the company's management. CEO Bruce Flatt is a personal favorite of mine. He's right up there with Warren Buffett in my book as one of the best value investors around. I enjoy reading his quarterly letter to shareholders, which Flatt fills with investing and economic insight. He's also a proven value creator. Since becoming CEO in 2002, he's helped Brookfield deliver a 15.7% total annualized return, pulverizing the <b>S&P 500</b>'s 10.6% total return during that time frame. </p><p>I also like the company's business model. Brookfield is a leading global alternative asset manager focused on real estate, infrastructure, and renewable energy -- three of my favorite investing themes. An investment in Brookfield provides broad exposure to those three asset classes and many more. Brookfield invests directly across those themes and manages private equity funds focused on those sectors.</p><p>Finally, Brookfield has enormous upside potential. It expects to double its fee-bearing assets under management over the next five years. Combine that with performance-based earnings on its funds and the compounding value of its balance sheet investments, and it has the potential of generating up to 25% annualized total returns over the next five years. That upside, along with all the other positives, is why I'd buy Brookfield if it were the only stock I could purchase this year. </p><h2>Investors are overlooking the growth potential here</h2><p><b>Neha Chamaria</b> <b>(Brookfield Renewable)</b>: 2021 is turning out to be a record-setting year for global renewable electricity addition, but this could just be the beginning. Yet shares of one of the largest pure-play renewables companies that's growing at a steady pace have languished this year, which is why Brookfield Renewable would be at the top of my shopping list of stocks to buy in 2022.</p><p>Brookfield Renewable, in fact, generated record funds from operations (FFO) in its third quarter and believes it could grow FFO by nearly 20% per year through 2026 through a combination of organic and inorganic growth. 2021 was also a solid year in terms of growth initiatives, with Brookfield Renewable expanding its U.S. distributed-generation business by nearly five times, signing agreements to acquire multiple late-stage solar development projects in the U.S. and even making meaningful headway in the high-potential green hydrogen space.</p><p>Brookfield Renewable's current development pipeline is larger than ever, and the company is committed to growing dividends annually by 5% to 9%. That shouldn't be tough given the solid pace of growth in its FFO. That dividend growth, its dividend yield of 3.4%, and the humongous growth potential in renewable energy are the biggest reasons why I consider Brookfield Renewable a top stock for 2022.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If I Could Buy Only 1 Stock in 2022, This Would Be It</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf I Could Buy Only 1 Stock in 2022, This Would Be It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-02 13:00 GMT+8 <a href=https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We're firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.We asked some of our Fool.com contributors to whittle their favorites down to ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4133":"新能源发电业者","MMM":"3M","BEP":"Brookfield Renewable Partners LP","BK4534":"瑞士信贷持仓","BAM":"布鲁克菲尔德资产管理","BK4512":"苹果概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4135":"资产管理与托管银行","BK4206":"工业集团企业","BEPC":"Brookfield Renewable Corp."},"source_url":"https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200444738","content_text":"We're firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.We asked some of our Fool.com contributors to whittle their favorites down to their top choice to buy in 2022 if they could only pick one. Here's why 3M (NYSE:MMM), Brookfield Asset Management (NYSE:BAM), and Brookfield Renewable (NYSE:BEP)(NYSE:BEPC) topped their lists as the one stock they'd buy this year. Image source: Getty Images.A diversified giant that's still on saleReuben Gregg Brewer (3M): Benjamin Graham, renowned value investor and mentor to Warren Buffet, explains that investors are partnered with \"Mr. Market,\" a mercurial fellow prone to fits of despair and jubilation. When he's overly excited, you should consider selling to him; when he's pessimistic, you should think about buying. Right now, Mr. Market is very downbeat on diversified international industrial giant 3M. One way to see this is that the company's dividend yield, at around 3.3%, is near the top end of its historical range.MMM Dividend Yield data by YChartsGraham had some other advice when it came to actually selecting stocks. Specifically, he argued that most investors would be wise sticking to large, financially strong companies, with strong dividend histories. 3M stacks up well on these measures. It has a market cap of $100 billion, which makes it a mega-cap stock. Its balance sheet is investment-grade rated by the major credit agencies, so it's financially strong. And it has increased its dividend annually for over 60 years, making it a very elite Dividend King.So why is Mr. Market pessimistic? The answer is a mixture of slowing growth and some product and environmental lawsuits. These are notable problems, but they're not insurmountable. On the business front, the industrial giant's operations wax and wane over time just like any other company. Given its history and focus on innovation, it should eventually get back on a better track. As for the lawsuits, they could be costly, but it's likely that 3M will be able to handle the hit. In the end, this is an attractively priced name with a great history that is dealing with issues that seem transitory.A proven value creatorMatt DiLallo (Brookfield Asset Management): I like to invest. Because of that, I routinely purchase a variety of stocks. However, if I could only buy one in the coming year, Brookfield Asset Management would be my top choice.For starters, I love the company's management. CEO Bruce Flatt is a personal favorite of mine. He's right up there with Warren Buffett in my book as one of the best value investors around. I enjoy reading his quarterly letter to shareholders, which Flatt fills with investing and economic insight. He's also a proven value creator. Since becoming CEO in 2002, he's helped Brookfield deliver a 15.7% total annualized return, pulverizing the S&P 500's 10.6% total return during that time frame. I also like the company's business model. Brookfield is a leading global alternative asset manager focused on real estate, infrastructure, and renewable energy -- three of my favorite investing themes. An investment in Brookfield provides broad exposure to those three asset classes and many more. Brookfield invests directly across those themes and manages private equity funds focused on those sectors.Finally, Brookfield has enormous upside potential. It expects to double its fee-bearing assets under management over the next five years. Combine that with performance-based earnings on its funds and the compounding value of its balance sheet investments, and it has the potential of generating up to 25% annualized total returns over the next five years. That upside, along with all the other positives, is why I'd buy Brookfield if it were the only stock I could purchase this year. Investors are overlooking the growth potential hereNeha Chamaria (Brookfield Renewable): 2021 is turning out to be a record-setting year for global renewable electricity addition, but this could just be the beginning. Yet shares of one of the largest pure-play renewables companies that's growing at a steady pace have languished this year, which is why Brookfield Renewable would be at the top of my shopping list of stocks to buy in 2022.Brookfield Renewable, in fact, generated record funds from operations (FFO) in its third quarter and believes it could grow FFO by nearly 20% per year through 2026 through a combination of organic and inorganic growth. 2021 was also a solid year in terms of growth initiatives, with Brookfield Renewable expanding its U.S. distributed-generation business by nearly five times, signing agreements to acquire multiple late-stage solar development projects in the U.S. and even making meaningful headway in the high-potential green hydrogen space.Brookfield Renewable's current development pipeline is larger than ever, and the company is committed to growing dividends annually by 5% to 9%. That shouldn't be tough given the solid pace of growth in its FFO. That dividend growth, its dividend yield of 3.4%, and the humongous growth potential in renewable energy are the biggest reasons why I consider Brookfield Renewable a top stock for 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692203195,"gmtCreate":1640962909224,"gmtModify":1640962947647,"author":{"id":"3574910578498482","authorId":"3574910578498482","name":"kaikk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like and share pls","listText":"Like and share pls","text":"Like and share pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692203195","repostId":"1125606718","repostType":4,"repost":{"id":"1125606718","pubTimestamp":1640954649,"share":"https://www.laohu8.com/m/news/1125606718?lang=&edition=full","pubTime":"2021-12-31 20:44","market":"us","language":"en","title":"DocuSign: COVID Or Not, E-Signature Is Here To Stay","url":"https://stock-news.laohu8.com/highlight/detail?id=1125606718","media":"Seeking Alpha","summary":"SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatu","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Management missed billings guidance coming into Q3’22, resulting in market reaction.</li><li>E-signatures are still going to be used even when businesses are slowly returning to offices due to its convenience, unlike Zoom’s video conferencing.</li><li>The Agreement Cloud is gaining back traction after an abrupt stop caused by COVID.</li><li>At current prices, only growth of e-signature revenues in the next 5 years is priced in.</li><li>CEO Dan Springer purchased $5M worth of stock after earnings.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49e4aeb6a856c1f9be8d691856077329\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"/><span>Michael Vi/iStock Editorial via Getty Images</span></p><p>This article is contributed by Douglas from our Superstocks Seekers team.</p><p><i>[To receive real-time notifications of our latest updates/articles, click the "Follow" button on the left of your screen.]</i></p><p>We previously gave an overview of DocuSign (NASDAQ:DOCU) from Q2'22 results. Following its Q3'22 earnings release, there was a market reaction that resulted in a 40% drop in stock price. Let's look into the results to assess whether the drop is warranted.</p><p><b>Q3'22 Financials</b></p><p>We will be looking at only subscription revenue as it is the reflection of the strength of DocuSign's product offerings, comprising ~97% of their revenue. The management is looking to gradually move all its professional integration services to partners so that they can fully focus on improving & selling their products.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d44789450f393554fcd235fd3cfd78d8\" tg-width=\"935\" tg-height=\"446\" width=\"100%\" height=\"auto\"/><span>Source: DOCU's SEC Filings</span></p><p>DocuSign achieved a record $529 million in subscription revenue in Q3. However, the YoY growth rates have been normalizing back to pre-Covid levels.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50155de13c99d996738c7412a818343d\" tg-width=\"888\" tg-height=\"485\" width=\"100%\" height=\"auto\"/><span>Source: DOCU's SEC Filings</span></p><p>Billings are the amount invoiced to customers in the quarter. It includes both current and future quarter revenue since customers usually pre-pay for annual contracts. Hence, this metric will give a partial glimpse into future quarters' performance. Due to the variety of contractual terms and customer usage patterns, there's bound to be quarterly fluctuations, thus management always advises to view it from a trailing twelve months basis.</p><p>However, by just looking at Q3'22 billing YoY growth, it seems to be one of the negative factors affecting investors' confidence. Q3'21 is the period where companies are starting to resume normal operations digitally, as lockdowns begin to loosen after the initial shock from COVID. (This phenomenon was also reflected in Airbnb's (NASDAQ:ABNB) Q3'20 booking numbers as shown in our previous article.) Thus, it created huge demands for e-signatures, even if companies might not know the full extent of use cases yet.</p><p>For Q3'22 to show such a large deceleration in growth, there can be two reasons: 1) Companies bought excessive capacity in their initial buy just to prepare for any downturns in events, and have not consumed all. 2) Companies bought small capacity, and have already renewed with larger contracts in the subsequent quarters. Either reason reflected a slowdown in consumption patterns.</p><p>Additionally, there was a slight sales execution issue causing this as mentioned by CEO Daniel Springer in the earnings call. From the onset of COVID, they were very focused on rapidly capturing the demand up till now. This shifted their focus away from educating customers on the extensive use cases, which they used to do as part of their "land & expand" strategy.</p><blockquote>We stopped doing that as people just need more and more volume for their existing use cases, right? And so I think that's the gap in our execution. And as Cynthia described, a huge portion of our field has joined since pandemic began because we've been growing at such a rate. And we haven't done the job we need to do at enabling them at the traditional DocuSign sort of land and expand processes.</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45d1bcb79a78644507925af0132f1237\" tg-width=\"1280\" tg-height=\"519\" width=\"100%\" height=\"auto\"/><span>Source: Winter 2021 Investor Presentation</span></p><p>Despite the slowdown in revenue & billings growth, Net Dollar Retention ("NDR") rates are still looking healthy. It should be noted that NDR rates were still being driven by the expansion of e-signature use cases, as the application of Agreement Cloud is still in the early stages (more on it below).</p><p><b>Management Guidance</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a37d6638669dc240d320586aabd975a\" tg-width=\"1161\" tg-height=\"266\" width=\"100%\" height=\"auto\"/><span>Source: Earnings Calls</span></p><p>Management had initially expected their COVID demand to die down from the start of Q1, thus guiding full-year billings growth of only 31% during Q4'21. Due to the unexpected growth for the first 2 quarters, the management optimistically adjusted their guidance. The slowdown in growth then happened in Q3, missing the guidance, which might have surprised them. As a result, they lowered their Q4 guidance. These moves seldom go well with investors, sending the stock down 40%.</p><p><b>COVID Stock?</b></p><p>A mention of "COVID Stocks" brings to mind Zoom (NASDAQ:ZM) and DocuSign. Both businesses enable remote working through video conferencing and e-signature respectively. A look at Zoom's revenue growth clearly showed how COVID impacted their business.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a702a96d104f06d54230b8cc7ef696\" tg-width=\"752\" tg-height=\"452\" width=\"100%\" height=\"auto\"/><span>Source: Zoom's SEC Filings</span></p><p>Despite showing similar growth profiles, it would be unfair to project such a massive growth deceleration for DocuSign. As users start returning to offices, it's more likely for them to switch back to in-person meetings than returning to manual mailing processes to close agreements. In-person meetings still have intangible benefits that video conferencing can't provide. On the other hand, e-signatures are simply cheaper, faster, and more accessible, providing a clear Return On Investment ("ROI") for users that have switched.</p><p>Agreement Cloud Progress</p><p>E-signature has become part of the larger Agreement Cloud offering from DocuSign. The remaining components such as Contract Lifecycle Management ("CLM") require a more extensive rollout as enterprise software needs to be integrated, lengthening the whole sales cycle to about 3-4 quarters. Thus, the initial sales traction gained from pre-COVID was put to an abrupt stop when customers chose to focus on the more mission-critical e-signature. The immediate ROI and ease of implementation digitally also played a part.</p><p>As per CEO Springer during Q1'22 earnings call:</p><blockquote>"Now we see those starting to come back. And so we see the pipeline starting to build, as we did actually starting in Q4 start more aggressively there. So those are demonstrably coming back, and I think those will be larger deal sizes that we will see.</blockquote><p>Interest in Agreement Cloud is starting to pick up again as businesses adapt to the new way of working. And basing it on the estimated sales cycle, the growth should be back on track. Agreement cloud has the potential to put DocuSign above the other e-signature providers, albeit only showing insignificant revenue for now. Readers do have to note that this is still considered a greenfield opportunity for the company, and it will be up to the management to effectively market its value proposition.</p><p><b>Customers' Reviews</b></p><p>The company interviewed users from Unilever (LON:ULVR)(NYSE:UL) and Snowflake (NASDAQ:SNOW) during their 2021 Analyst Day.</p><p>One of the highlights was that Unilever had already been using SpringCM and Seal software when they were still independent companies. Both were then acquired by DocuSign as part of Agreement Cloud products. According to Lim Wei Ling, Unilever's Global Supply Chain General Counsel:</p><blockquote>And so primary driver was to find ways to give time back to our colleagues, give time back to our business partners, so that they can do even more value-add work and also to create capabilities that will generate data-driven insights for them that they can take action on. And so it was with this in mind that we wanted to take advantage of the contract automation, the contract building capabilities and the contract analytics capabilities in the Agreement Cloud.</blockquote><p>This validates the whole Agreement Cloud concept, showing that it's not just a bold vision from the management team.</p><p>In addition, Snowflake chose to use DocuSign over other providers as they offer a future roadmap. This fits into the company's "land & expand" strategy - from introducing e-signatures to gradually utilizing the different components of the whole Agreement cloud - allowing users to achieve more ROI as they explore more of the use cases.</p><p>Looking at the reviews from G2.com&Gartner, DocuSign's e-signature is at a premium pricing above the rest. Despite that, it's still the undisputed leader in the e-signature market. The strength of its brand, its integration to many enterprise software, and potential extensions to other value-adding software certainly justify the costs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/279430e025777ecf2a913e148ab211dd\" tg-width=\"1280\" tg-height=\"642\" width=\"100%\" height=\"auto\"/><span>Source: Winter 2021 Investor Presentation</span></p><p><b>Valuation</b></p><p>Similar to our Q2'22 article, we will use a 5 year Discounted Cash Flow ("DCF") valuation method to determine a fair value for DocuSign, and bring it back to its present value.</p><p>We have shared how we derived the variables such as Discount Rate, Dilution, and Exit Price Multiple. The variables and the assumptions made are the same, except for the drop in year 1 revenue growth rates. Using the recent quarter growth rate, we brought down the revenue growth from 50% to 40% to give a more conservative estimate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537c128d1b5c973dfbbe82d15aa29330\" tg-width=\"1085\" tg-height=\"648\" width=\"100%\" height=\"auto\"/><span>Source: Author's estimates with DOCU's SEC Filings</span></p><p>We derived an intrinsic per-share value of $219. As of 28th Dec'21 closing price at $152, there's an implied upside of at least 40%.</p><p>Using the same assumptions (except year 1 growth rate) and working backward from the closing price of $152, the market is expecting a drastic growth slowdown and year 5 revenue of USD 5.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0ce724df4aaa47bd2a9ce56dc3c385fd\" tg-width=\"1088\" tg-height=\"653\" width=\"100%\" height=\"auto\"/><span>Source: Author's estimates with DOCU's SEC Filings</span></p><p>The management indicated during their Analyst Dayt hat the near-term goal of USD 5 billion will still be mainly from e-signatures. This means that at current prices, the market is not pricing in any growth from the Agreement Cloud in the next 5 years.</p><p><b>Insider Buying</b></p><p>Despite the Q3'22 results which caused the share price to drop 40%, something that caught our attention is that CEO Springer bought $5 million worth of DOCU's shares after the drop.</p><p><img src=\"https://static.tigerbbs.com/b74319b1acc664e1ff67fff037599170\" tg-width=\"1280\" tg-height=\"825\" width=\"100%\" height=\"auto\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4e804a595ee217a4e80ef5637ddcb9c\" tg-width=\"1280\" tg-height=\"317\" width=\"100%\" height=\"auto\"/><span>Source: SEC Form 4 7th Dec & 8th Dec</span></p><p>When asked about his buying decision during a UBS investor conference on 8th Dec, he mentioned:</p><blockquote>I'm very confident. I'm making a good investment. And as I've said openly, if the stock doesn't react over the coming days, weeks, months and doesn't get sort of more in line with where I think it should be, I'll continue to be a buyer.</blockquote><p>As an insider with full knowledge of the pipelines and daily operations, this move displayed huge confidence in DocuSign's prospects.</p><p><b>Closing</b></p><p>The pandemic had made e-signature a mission-critical software for businesses to operate in today's "Anywhere Economy". DocuSign is positioning itself by being more than that, as e-signatures get commoditized. By tapping on its industry-leading brand presence, the company is leading customers into its larger value-adding Agreement Cloud.</p><p>Current prices seemed to only factor in the growth of e-signature. Even though the whole Agreement Cloud segment is still small, there are already customers utilizing specific products. As DocuSign gradually gets embedded into customers' workflows with more products, its software will become stickier. With increasing sales traction, the Agreement Cloud has the potential to become a game-changer and key revenue contribution for DocuSign in the near future.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DocuSign: COVID Or Not, E-Signature Is Here To Stay</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\">\nDocuSign: COVID Or Not, E-Signature Is Here To Stay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 20:44 GMT+8 <a href=https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatures are still going to be used even when businesses are slowly returning to offices due to its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DOCU":"Docusign"},"source_url":"https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125606718","content_text":"SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatures are still going to be used even when businesses are slowly returning to offices due to its convenience, unlike Zoom’s video conferencing.The Agreement Cloud is gaining back traction after an abrupt stop caused by COVID.At current prices, only growth of e-signature revenues in the next 5 years is priced in.CEO Dan Springer purchased $5M worth of stock after earnings.Michael Vi/iStock Editorial via Getty ImagesThis article is contributed by Douglas from our Superstocks Seekers team.[To receive real-time notifications of our latest updates/articles, click the \"Follow\" button on the left of your screen.]We previously gave an overview of DocuSign (NASDAQ:DOCU) from Q2'22 results. Following its Q3'22 earnings release, there was a market reaction that resulted in a 40% drop in stock price. Let's look into the results to assess whether the drop is warranted.Q3'22 FinancialsWe will be looking at only subscription revenue as it is the reflection of the strength of DocuSign's product offerings, comprising ~97% of their revenue. The management is looking to gradually move all its professional integration services to partners so that they can fully focus on improving & selling their products.Source: DOCU's SEC FilingsDocuSign achieved a record $529 million in subscription revenue in Q3. However, the YoY growth rates have been normalizing back to pre-Covid levels.Source: DOCU's SEC FilingsBillings are the amount invoiced to customers in the quarter. It includes both current and future quarter revenue since customers usually pre-pay for annual contracts. Hence, this metric will give a partial glimpse into future quarters' performance. Due to the variety of contractual terms and customer usage patterns, there's bound to be quarterly fluctuations, thus management always advises to view it from a trailing twelve months basis.However, by just looking at Q3'22 billing YoY growth, it seems to be one of the negative factors affecting investors' confidence. Q3'21 is the period where companies are starting to resume normal operations digitally, as lockdowns begin to loosen after the initial shock from COVID. (This phenomenon was also reflected in Airbnb's (NASDAQ:ABNB) Q3'20 booking numbers as shown in our previous article.) Thus, it created huge demands for e-signatures, even if companies might not know the full extent of use cases yet.For Q3'22 to show such a large deceleration in growth, there can be two reasons: 1) Companies bought excessive capacity in their initial buy just to prepare for any downturns in events, and have not consumed all. 2) Companies bought small capacity, and have already renewed with larger contracts in the subsequent quarters. Either reason reflected a slowdown in consumption patterns.Additionally, there was a slight sales execution issue causing this as mentioned by CEO Daniel Springer in the earnings call. From the onset of COVID, they were very focused on rapidly capturing the demand up till now. This shifted their focus away from educating customers on the extensive use cases, which they used to do as part of their \"land & expand\" strategy.We stopped doing that as people just need more and more volume for their existing use cases, right? And so I think that's the gap in our execution. And as Cynthia described, a huge portion of our field has joined since pandemic began because we've been growing at such a rate. And we haven't done the job we need to do at enabling them at the traditional DocuSign sort of land and expand processes.Source: Winter 2021 Investor PresentationDespite the slowdown in revenue & billings growth, Net Dollar Retention (\"NDR\") rates are still looking healthy. It should be noted that NDR rates were still being driven by the expansion of e-signature use cases, as the application of Agreement Cloud is still in the early stages (more on it below).Management GuidanceSource: Earnings CallsManagement had initially expected their COVID demand to die down from the start of Q1, thus guiding full-year billings growth of only 31% during Q4'21. Due to the unexpected growth for the first 2 quarters, the management optimistically adjusted their guidance. The slowdown in growth then happened in Q3, missing the guidance, which might have surprised them. As a result, they lowered their Q4 guidance. These moves seldom go well with investors, sending the stock down 40%.COVID Stock?A mention of \"COVID Stocks\" brings to mind Zoom (NASDAQ:ZM) and DocuSign. Both businesses enable remote working through video conferencing and e-signature respectively. A look at Zoom's revenue growth clearly showed how COVID impacted their business.Source: Zoom's SEC FilingsDespite showing similar growth profiles, it would be unfair to project such a massive growth deceleration for DocuSign. As users start returning to offices, it's more likely for them to switch back to in-person meetings than returning to manual mailing processes to close agreements. In-person meetings still have intangible benefits that video conferencing can't provide. On the other hand, e-signatures are simply cheaper, faster, and more accessible, providing a clear Return On Investment (\"ROI\") for users that have switched.Agreement Cloud ProgressE-signature has become part of the larger Agreement Cloud offering from DocuSign. The remaining components such as Contract Lifecycle Management (\"CLM\") require a more extensive rollout as enterprise software needs to be integrated, lengthening the whole sales cycle to about 3-4 quarters. Thus, the initial sales traction gained from pre-COVID was put to an abrupt stop when customers chose to focus on the more mission-critical e-signature. The immediate ROI and ease of implementation digitally also played a part.As per CEO Springer during Q1'22 earnings call:\"Now we see those starting to come back. And so we see the pipeline starting to build, as we did actually starting in Q4 start more aggressively there. So those are demonstrably coming back, and I think those will be larger deal sizes that we will see.Interest in Agreement Cloud is starting to pick up again as businesses adapt to the new way of working. And basing it on the estimated sales cycle, the growth should be back on track. Agreement cloud has the potential to put DocuSign above the other e-signature providers, albeit only showing insignificant revenue for now. Readers do have to note that this is still considered a greenfield opportunity for the company, and it will be up to the management to effectively market its value proposition.Customers' ReviewsThe company interviewed users from Unilever (LON:ULVR)(NYSE:UL) and Snowflake (NASDAQ:SNOW) during their 2021 Analyst Day.One of the highlights was that Unilever had already been using SpringCM and Seal software when they were still independent companies. Both were then acquired by DocuSign as part of Agreement Cloud products. According to Lim Wei Ling, Unilever's Global Supply Chain General Counsel:And so primary driver was to find ways to give time back to our colleagues, give time back to our business partners, so that they can do even more value-add work and also to create capabilities that will generate data-driven insights for them that they can take action on. And so it was with this in mind that we wanted to take advantage of the contract automation, the contract building capabilities and the contract analytics capabilities in the Agreement Cloud.This validates the whole Agreement Cloud concept, showing that it's not just a bold vision from the management team.In addition, Snowflake chose to use DocuSign over other providers as they offer a future roadmap. This fits into the company's \"land & expand\" strategy - from introducing e-signatures to gradually utilizing the different components of the whole Agreement cloud - allowing users to achieve more ROI as they explore more of the use cases.Looking at the reviews from G2.com&Gartner, DocuSign's e-signature is at a premium pricing above the rest. Despite that, it's still the undisputed leader in the e-signature market. The strength of its brand, its integration to many enterprise software, and potential extensions to other value-adding software certainly justify the costs.Source: Winter 2021 Investor PresentationValuationSimilar to our Q2'22 article, we will use a 5 year Discounted Cash Flow (\"DCF\") valuation method to determine a fair value for DocuSign, and bring it back to its present value.We have shared how we derived the variables such as Discount Rate, Dilution, and Exit Price Multiple. The variables and the assumptions made are the same, except for the drop in year 1 revenue growth rates. Using the recent quarter growth rate, we brought down the revenue growth from 50% to 40% to give a more conservative estimate.Source: Author's estimates with DOCU's SEC FilingsWe derived an intrinsic per-share value of $219. As of 28th Dec'21 closing price at $152, there's an implied upside of at least 40%.Using the same assumptions (except year 1 growth rate) and working backward from the closing price of $152, the market is expecting a drastic growth slowdown and year 5 revenue of USD 5.7 billion.Source: Author's estimates with DOCU's SEC FilingsThe management indicated during their Analyst Dayt hat the near-term goal of USD 5 billion will still be mainly from e-signatures. This means that at current prices, the market is not pricing in any growth from the Agreement Cloud in the next 5 years.Insider BuyingDespite the Q3'22 results which caused the share price to drop 40%, something that caught our attention is that CEO Springer bought $5 million worth of DOCU's shares after the drop.Source: SEC Form 4 7th Dec & 8th DecWhen asked about his buying decision during a UBS investor conference on 8th Dec, he mentioned:I'm very confident. I'm making a good investment. And as I've said openly, if the stock doesn't react over the coming days, weeks, months and doesn't get sort of more in line with where I think it should be, I'll continue to be a buyer.As an insider with full knowledge of the pipelines and daily operations, this move displayed huge confidence in DocuSign's prospects.ClosingThe pandemic had made e-signature a mission-critical software for businesses to operate in today's \"Anywhere Economy\". DocuSign is positioning itself by being more than that, as e-signatures get commoditized. By tapping on its industry-leading brand presence, the company is leading customers into its larger value-adding Agreement Cloud.Current prices seemed to only factor in the growth of e-signature. Even though the whole Agreement Cloud segment is still small, there are already customers utilizing specific products. As DocuSign gradually gets embedded into customers' workflows with more products, its software will become stickier. With increasing sales traction, the Agreement Cloud has the potential to become a game-changer and key revenue contribution for DocuSign in the near future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":821764954,"gmtCreate":1633793001827,"gmtModify":1633793001827,"author":{"id":"3574910578498482","authorId":"3574910578498482","name":"kaikk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/821764954","repostId":"2174920514","repostType":4,"repost":{"id":"2174920514","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":1633764600,"share":"https://www.laohu8.com/m/news/2174920514?lang=&edition=full","pubTime":"2021-10-09 15:30","market":"us","language":"en","title":"Is the stock market open on Columbus Day? Yes! But the bond market isn't--Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=2174920514","media":"Dow Jones","summary":"It's also Indigenous Peoples Day.\nIt's almost a perennial question on Wall Street. With Columbus Day","content":"<p>It's also Indigenous Peoples Day.</p>\n<p>It's almost a perennial question on Wall Street. With Columbus Day a federal holiday on Monday, investors are curious if the stock market will be opened.</p>\n<p>Here is the short answer: yes. But it isn't that simple.</p>\n<p>The bond market isn't. Bond traders are off as recommended by the Securities Industry and Financial Markets Association, known as Sifma.</p>\n<p>Columbus Day and Veterans Day are the two federal holidays when fixed-income markets are closed due to the federal holiday.</p>\n<p>As per usual, the Intercontinental Exchange<a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>-owned New York Stock Exchange and the Nasdaq Inc. <a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> will both be open regular hours. So, the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index , to note the three main U.S. bourses, can figure out whether the weaker-than-expected jobs report released on Friday was bullish or bearish in the near term.</p>\n<p>Meanwhile, benchmark bonds can take a breather after the 10-year Treasury note yield, 30-year Treasury bond and 2-year Treasury note touched their highest yields in months (since March of 2020 in the case of the shorter-date debt).</p>\n<p>Now back to Columbus Day and the curious case of mixed up market closures.</p>\n<p>Here's perhaps why it is closed and equities trade on.</p>\n<p>Begun back in 1792 and declared a federal day off in 1937 by President Franklin D. Roosevelt, Columbus Day marks a state and federal holiday. Federal offices, including the U.S. Treasury Department, are closed. That means, Treasurys--a chunk of typical trading activity on regular days and a key benchmark--are also forced to take a holiday.</p>\n<p>Columbus Day isn't without its controversy as a holiday intended to celebrate Christopher Columbus for sailing the ocean blue in 1492. Firstly, not all states celebrate the Italian explorer's occasion on the same day. Tennessee tends to celebrate the holiday on Friday. Some states don't acknowledge the day at all, with Alaska, Vermont, Hawaii and South Dakota choosing not to observe it.</p>\n<p>Some regions choose to celebrate Indigenous Peoples Day, which honors Native Americans and challenges the concept that Columbus was the first to discover America. The holiday has been gaining support, as an alternative to Columbus Day.</p>\n<p>So, the next time that someone asks if the market is open on Columbus Day, you can tell them that it is complicated.</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>Is the stock market open on Columbus Day? Yes! But the bond market isn't--Here's 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\">\nIs the stock market open on Columbus Day? Yes! But the bond market isn't--Here's why\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\">2021-10-09 15:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>It's also Indigenous Peoples Day.</p>\n<p>It's almost a perennial question on Wall Street. With Columbus Day a federal holiday on Monday, investors are curious if the stock market will be opened.</p>\n<p>Here is the short answer: yes. But it isn't that simple.</p>\n<p>The bond market isn't. Bond traders are off as recommended by the Securities Industry and Financial Markets Association, known as Sifma.</p>\n<p>Columbus Day and Veterans Day are the two federal holidays when fixed-income markets are closed due to the federal holiday.</p>\n<p>As per usual, the Intercontinental Exchange<a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>-owned New York Stock Exchange and the Nasdaq Inc. <a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> will both be open regular hours. So, the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index , to note the three main U.S. bourses, can figure out whether the weaker-than-expected jobs report released on Friday was bullish or bearish in the near term.</p>\n<p>Meanwhile, benchmark bonds can take a breather after the 10-year Treasury note yield, 30-year Treasury bond and 2-year Treasury note touched their highest yields in months (since March of 2020 in the case of the shorter-date debt).</p>\n<p>Now back to Columbus Day and the curious case of mixed up market closures.</p>\n<p>Here's perhaps why it is closed and equities trade on.</p>\n<p>Begun back in 1792 and declared a federal day off in 1937 by President Franklin D. Roosevelt, Columbus Day marks a state and federal holiday. Federal offices, including the U.S. Treasury Department, are closed. That means, Treasurys--a chunk of typical trading activity on regular days and a key benchmark--are also forced to take a holiday.</p>\n<p>Columbus Day isn't without its controversy as a holiday intended to celebrate Christopher Columbus for sailing the ocean blue in 1492. Firstly, not all states celebrate the Italian explorer's occasion on the same day. Tennessee tends to celebrate the holiday on Friday. Some states don't acknowledge the day at all, with Alaska, Vermont, Hawaii and South Dakota choosing not to observe it.</p>\n<p>Some regions choose to celebrate Indigenous Peoples Day, which honors Native Americans and challenges the concept that Columbus was the first to discover America. The holiday has been gaining support, as an alternative to Columbus Day.</p>\n<p>So, the next time that someone asks if the market is open on Columbus Day, you can tell them that it is complicated.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","NDAQ":"纳斯达克OMX交易所",".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2174920514","content_text":"It's also Indigenous Peoples Day.\nIt's almost a perennial question on Wall Street. With Columbus Day a federal holiday on Monday, investors are curious if the stock market will be opened.\nHere is the short answer: yes. But it isn't that simple.\nThe bond market isn't. Bond traders are off as recommended by the Securities Industry and Financial Markets Association, known as Sifma.\nColumbus Day and Veterans Day are the two federal holidays when fixed-income markets are closed due to the federal holiday.\nAs per usual, the Intercontinental Exchange$(ICE)$-owned New York Stock Exchange and the Nasdaq Inc. $(NDAQ)$ will both be open regular hours. So, the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index , to note the three main U.S. bourses, can figure out whether the weaker-than-expected jobs report released on Friday was bullish or bearish in the near term.\nMeanwhile, benchmark bonds can take a breather after the 10-year Treasury note yield, 30-year Treasury bond and 2-year Treasury note touched their highest yields in months (since March of 2020 in the case of the shorter-date debt).\nNow back to Columbus Day and the curious case of mixed up market closures.\nHere's perhaps why it is closed and equities trade on.\nBegun back in 1792 and declared a federal day off in 1937 by President Franklin D. Roosevelt, Columbus Day marks a state and federal holiday. Federal offices, including the U.S. Treasury Department, are closed. That means, Treasurys--a chunk of typical trading activity on regular days and a key benchmark--are also forced to take a holiday.\nColumbus Day isn't without its controversy as a holiday intended to celebrate Christopher Columbus for sailing the ocean blue in 1492. Firstly, not all states celebrate the Italian explorer's occasion on the same day. Tennessee tends to celebrate the holiday on Friday. Some states don't acknowledge the day at all, with Alaska, Vermont, Hawaii and South Dakota choosing not to observe it.\nSome regions choose to celebrate Indigenous Peoples Day, which honors Native Americans and challenges the concept that Columbus was the first to discover America. The holiday has been gaining support, as an alternative to Columbus Day.\nSo, the next time that someone asks if the market is open on Columbus Day, you can tell them that it is complicated.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":821764954,"gmtCreate":1633793001827,"gmtModify":1633793001827,"author":{"id":"3574910578498482","authorId":"3574910578498482","name":"kaikk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/821764954","repostId":"2174920514","repostType":4,"repost":{"id":"2174920514","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":1633764600,"share":"https://www.laohu8.com/m/news/2174920514?lang=&edition=full","pubTime":"2021-10-09 15:30","market":"us","language":"en","title":"Is the stock market open on Columbus Day? Yes! But the bond market isn't--Here's why","url":"https://stock-news.laohu8.com/highlight/detail?id=2174920514","media":"Dow Jones","summary":"It's also Indigenous Peoples Day.\nIt's almost a perennial question on Wall Street. With Columbus Day","content":"<p>It's also Indigenous Peoples Day.</p>\n<p>It's almost a perennial question on Wall Street. With Columbus Day a federal holiday on Monday, investors are curious if the stock market will be opened.</p>\n<p>Here is the short answer: yes. But it isn't that simple.</p>\n<p>The bond market isn't. Bond traders are off as recommended by the Securities Industry and Financial Markets Association, known as Sifma.</p>\n<p>Columbus Day and Veterans Day are the two federal holidays when fixed-income markets are closed due to the federal holiday.</p>\n<p>As per usual, the Intercontinental Exchange<a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>-owned New York Stock Exchange and the Nasdaq Inc. <a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> will both be open regular hours. So, the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index , to note the three main U.S. bourses, can figure out whether the weaker-than-expected jobs report released on Friday was bullish or bearish in the near term.</p>\n<p>Meanwhile, benchmark bonds can take a breather after the 10-year Treasury note yield, 30-year Treasury bond and 2-year Treasury note touched their highest yields in months (since March of 2020 in the case of the shorter-date debt).</p>\n<p>Now back to Columbus Day and the curious case of mixed up market closures.</p>\n<p>Here's perhaps why it is closed and equities trade on.</p>\n<p>Begun back in 1792 and declared a federal day off in 1937 by President Franklin D. Roosevelt, Columbus Day marks a state and federal holiday. Federal offices, including the U.S. Treasury Department, are closed. That means, Treasurys--a chunk of typical trading activity on regular days and a key benchmark--are also forced to take a holiday.</p>\n<p>Columbus Day isn't without its controversy as a holiday intended to celebrate Christopher Columbus for sailing the ocean blue in 1492. Firstly, not all states celebrate the Italian explorer's occasion on the same day. Tennessee tends to celebrate the holiday on Friday. Some states don't acknowledge the day at all, with Alaska, Vermont, Hawaii and South Dakota choosing not to observe it.</p>\n<p>Some regions choose to celebrate Indigenous Peoples Day, which honors Native Americans and challenges the concept that Columbus was the first to discover America. The holiday has been gaining support, as an alternative to Columbus Day.</p>\n<p>So, the next time that someone asks if the market is open on Columbus Day, you can tell them that it is complicated.</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>Is the stock market open on Columbus Day? Yes! But the bond market isn't--Here's 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\">\nIs the stock market open on Columbus Day? Yes! But the bond market isn't--Here's why\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\">2021-10-09 15:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>It's also Indigenous Peoples Day.</p>\n<p>It's almost a perennial question on Wall Street. With Columbus Day a federal holiday on Monday, investors are curious if the stock market will be opened.</p>\n<p>Here is the short answer: yes. But it isn't that simple.</p>\n<p>The bond market isn't. Bond traders are off as recommended by the Securities Industry and Financial Markets Association, known as Sifma.</p>\n<p>Columbus Day and Veterans Day are the two federal holidays when fixed-income markets are closed due to the federal holiday.</p>\n<p>As per usual, the Intercontinental Exchange<a href=\"https://laohu8.com/S/ICE\">$(ICE)$</a>-owned New York Stock Exchange and the Nasdaq Inc. <a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> will both be open regular hours. So, the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index , to note the three main U.S. bourses, can figure out whether the weaker-than-expected jobs report released on Friday was bullish or bearish in the near term.</p>\n<p>Meanwhile, benchmark bonds can take a breather after the 10-year Treasury note yield, 30-year Treasury bond and 2-year Treasury note touched their highest yields in months (since March of 2020 in the case of the shorter-date debt).</p>\n<p>Now back to Columbus Day and the curious case of mixed up market closures.</p>\n<p>Here's perhaps why it is closed and equities trade on.</p>\n<p>Begun back in 1792 and declared a federal day off in 1937 by President Franklin D. Roosevelt, Columbus Day marks a state and federal holiday. Federal offices, including the U.S. Treasury Department, are closed. That means, Treasurys--a chunk of typical trading activity on regular days and a key benchmark--are also forced to take a holiday.</p>\n<p>Columbus Day isn't without its controversy as a holiday intended to celebrate Christopher Columbus for sailing the ocean blue in 1492. Firstly, not all states celebrate the Italian explorer's occasion on the same day. Tennessee tends to celebrate the holiday on Friday. Some states don't acknowledge the day at all, with Alaska, Vermont, Hawaii and South Dakota choosing not to observe it.</p>\n<p>Some regions choose to celebrate Indigenous Peoples Day, which honors Native Americans and challenges the concept that Columbus was the first to discover America. The holiday has been gaining support, as an alternative to Columbus Day.</p>\n<p>So, the next time that someone asks if the market is open on Columbus Day, you can tell them that it is complicated.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","NDAQ":"纳斯达克OMX交易所",".SPX":"S&P 500 Index","ICE":"洲际交易所",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2174920514","content_text":"It's also Indigenous Peoples Day.\nIt's almost a perennial question on Wall Street. With Columbus Day a federal holiday on Monday, investors are curious if the stock market will be opened.\nHere is the short answer: yes. But it isn't that simple.\nThe bond market isn't. Bond traders are off as recommended by the Securities Industry and Financial Markets Association, known as Sifma.\nColumbus Day and Veterans Day are the two federal holidays when fixed-income markets are closed due to the federal holiday.\nAs per usual, the Intercontinental Exchange$(ICE)$-owned New York Stock Exchange and the Nasdaq Inc. $(NDAQ)$ will both be open regular hours. So, the Dow Jones Industrial Average , the S&P 500 index and the Nasdaq Composite Index , to note the three main U.S. bourses, can figure out whether the weaker-than-expected jobs report released on Friday was bullish or bearish in the near term.\nMeanwhile, benchmark bonds can take a breather after the 10-year Treasury note yield, 30-year Treasury bond and 2-year Treasury note touched their highest yields in months (since March of 2020 in the case of the shorter-date debt).\nNow back to Columbus Day and the curious case of mixed up market closures.\nHere's perhaps why it is closed and equities trade on.\nBegun back in 1792 and declared a federal day off in 1937 by President Franklin D. Roosevelt, Columbus Day marks a state and federal holiday. Federal offices, including the U.S. Treasury Department, are closed. That means, Treasurys--a chunk of typical trading activity on regular days and a key benchmark--are also forced to take a holiday.\nColumbus Day isn't without its controversy as a holiday intended to celebrate Christopher Columbus for sailing the ocean blue in 1492. Firstly, not all states celebrate the Italian explorer's occasion on the same day. Tennessee tends to celebrate the holiday on Friday. Some states don't acknowledge the day at all, with Alaska, Vermont, Hawaii and South Dakota choosing not to observe it.\nSome regions choose to celebrate Indigenous Peoples Day, which honors Native Americans and challenges the concept that Columbus was the first to discover America. The holiday has been gaining support, as an alternative to Columbus Day.\nSo, the next time that someone asks if the market is open on Columbus Day, you can tell them that it is complicated.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695008416,"gmtCreate":1641258191209,"gmtModify":1641258191209,"author":{"id":"3574910578498482","authorId":"3574910578498482","name":"kaikk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/695008416","repostId":"2200886475","repostType":4,"repost":{"id":"2200886475","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":1641250187,"share":"https://www.laohu8.com/m/news/2200886475?lang=&edition=full","pubTime":"2022-01-04 06:49","market":"us","language":"en","title":"S&P 500, Dow hit record highs on 1st trading day of 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2200886475","media":"Reuters","summary":"* Tesla charges ahead on better-than-expected deliveries* Banks gain as Treasury yields rally* Dow u","content":"<html><head></head><body><p>* Tesla charges ahead on better-than-expected deliveries</p><p>* Banks gain as Treasury yields rally</p><p>* Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.2%</p><p>NEW YORK, Jan 3 (Reuters) - The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.</p><p>Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.</p><p>Tesla's shares jumped 13.5% after the electric car maker's quarterly deliveries beat analysts' estimates, riding out global chip shortages as it ramped up production in China.</p><p>The two stocks gave the biggest boosts to the S&P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.</p><p>"The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech's COVID-19 vaccine for children aged 12 to 15.</p><p>Thousands of U.S. schools have delayed this week's scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.</p><p>Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.</p><p>"It bodes well to see the market so resilient," he said.</p><p>All of Wall Street's main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.</p><p>The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.</p><p>Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.</p><p>Energy shares climbed with crude oil prices and upbeat prospects for demand.</p><p>Wells Fargo's shares advanced 5.7%, also helped by their upgrade to "overweight" by Barclays.</p><p>The benchmark S&P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.</p><p>The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.</p><p>The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.</p><p>Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Dow hit record highs on 1st trading day of 2022</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\">\nS&P 500, Dow hit record highs on 1st trading day of 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-04 06:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Tesla charges ahead on better-than-expected deliveries</p><p>* Banks gain as Treasury yields rally</p><p>* Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.2%</p><p>NEW YORK, Jan 3 (Reuters) - The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.</p><p>Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.</p><p>Tesla's shares jumped 13.5% after the electric car maker's quarterly deliveries beat analysts' estimates, riding out global chip shortages as it ramped up production in China.</p><p>The two stocks gave the biggest boosts to the S&P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.</p><p>"The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.</p><p>Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech's COVID-19 vaccine for children aged 12 to 15.</p><p>Thousands of U.S. schools have delayed this week's scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.</p><p>Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.</p><p>"It bodes well to see the market so resilient," he said.</p><p>All of Wall Street's main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.</p><p>The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.</p><p>Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.</p><p>Energy shares climbed with crude oil prices and upbeat prospects for demand.</p><p>Wells Fargo's shares advanced 5.7%, also helped by their upgrade to "overweight" by Barclays.</p><p>The benchmark S&P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.</p><p>The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.</p><p>Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.</p><p>The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.</p><p>Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","AAPL":"苹果"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200886475","content_text":"* Tesla charges ahead on better-than-expected deliveries* Banks gain as Treasury yields rally* Dow up 0.7%, S&P 500 up 0.6%, Nasdaq up 1.2%NEW YORK, Jan 3 (Reuters) - The S&P 500 and Dow Jones Industrial Average posted closing record highs on the first trading day of the year on Monday, helped by gains in Tesla Inc and bank shares.Apple Inc became the first company to hit a $3 trillion market capitalization but ended the day slightly below that. Its shares ended up 2.5% at $182.01 after rising as high as $182.88 during the session.Tesla's shares jumped 13.5% after the electric car maker's quarterly deliveries beat analysts' estimates, riding out global chip shortages as it ramped up production in China.The two stocks gave the biggest boosts to the S&P 500, but market watchers said easing investor worries about the economic impact of the Omicron variant of the coronavirus also helped market sentiment, even with rising COVID-19 case numbers.\"The real news is people feel like this latest round of COVID is not going to be economically debilitating in that a lot of restrictions and lockdowns are going to be required,\" said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco.Among the latest developments, the U.S. Food and Drug Administration authorized a third dose of Pfizer Inc and BioNTech's COVID-19 vaccine for children aged 12 to 15.Thousands of U.S. schools have delayed this week's scheduled return to classrooms following the holiday break or switched to remote learning as the Omicron variant drives record levels of COVID-19.Massocca said market strength is not surprising as a new year starts, given the January effect, or belief by some investors that stocks will rise that month more than in other months.\"It bodes well to see the market so resilient,\" he said.All of Wall Street's main indexes ended 2021 with monthly, quarterly and annual gains, recording their biggest three-year advance since 1999.The Dow Jones Industrial Average rose 246.76 points, or 0.68%, to 36,585.06; the S&P 500 gained 30.38 points, or 0.64%, at 4,796.56; and the Nasdaq Composite added 187.83 points, or 1.2%, at 15,832.80.Energy and financial sectors were among top gainers, with bank shares rising along with U.S. Treasury yields as investors braced for what could be an earlier-than-expected interest rate hike by the Federal Reserve this year despite the recent jump in COVID-19 cases.Energy shares climbed with crude oil prices and upbeat prospects for demand.Wells Fargo's shares advanced 5.7%, also helped by their upgrade to \"overweight\" by Barclays.The benchmark S&P 500 added 27% in 2021 and reported 70 record-high closes, its the second-most ever, in a tumultuous year hit by new COVID-19 variants and supply chain shortages.The Dow added 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.Advancing issues outnumbered decliners on the NYSE by a 1.34-to-1 ratio; on Nasdaq, a 2.27-to-1 ratio favored advancers.The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 89 new highs and 55 new lows.Volume on U.S. exchanges was 10.00 billion shares, compared with the 10.36 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692496021,"gmtCreate":1641131348181,"gmtModify":1641131348292,"author":{"id":"3574910578498482","authorId":"3574910578498482","name":"kaikk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[Happy] ","listText":"[Happy] ","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/692496021","repostId":"2200444738","repostType":4,"repost":{"id":"2200444738","pubTimestamp":1641099600,"share":"https://www.laohu8.com/m/news/2200444738?lang=&edition=full","pubTime":"2022-01-02 13:00","market":"us","language":"en","title":"If I Could Buy Only 1 Stock in 2022, This Would Be It","url":"https://stock-news.laohu8.com/highlight/detail?id=2200444738","media":"Motley Fool","summary":"Our favorite stock picks for the coming year.","content":"<html><head></head><body><p>We're firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.</p><p>We asked some of our Fool.com contributors to whittle their favorites down to their top choice to buy in 2022 if they could only pick <a href=\"https://laohu8.com/S/AONE.U\">one</a>. Here's why <b><a href=\"https://laohu8.com/S/MMM\">3M</a></b> (NYSE:MMM), <b>Brookfield Asset Management </b>(NYSE:BAM), and <b>Brookfield Renewable</b> (NYSE:BEP)(NYSE:BEPC) topped their lists as the one stock they'd buy this year. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a909bb3cfb7abaedc74cfef9296edc0a\" tg-width=\"700\" tg-height=\"423\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>A diversified giant that's still on sale</h2><p><b>Reuben Gregg Brewer (3M):</b> Benjamin Graham, renowned value investor and mentor to Warren Buffet, explains that investors are partnered with "Mr. Market," a mercurial fellow prone to fits of despair and jubilation. When he's overly excited, you should consider selling to him; when he's pessimistic, you should think about buying. Right now, Mr. Market is very downbeat on diversified international industrial giant 3M. One way to see this is that the company's dividend yield, at around 3.3%, is near the top end of its historical range.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35404c30dd22bffd6cc4a1450aa485c9\" tg-width=\"720\" tg-height=\"433\" width=\"100%\" height=\"auto\"/><span>MMM Dividend Yield data by YCharts</span></p><p>Graham had some other advice when it came to actually selecting stocks. Specifically, he argued that most investors would be wise sticking to large, financially strong companies, with strong dividend histories. 3M stacks up well on these measures. It has a market cap of $100 billion, which makes it a mega-cap stock. Its balance sheet is investment-grade rated by the major credit agencies, so it's financially strong. And it has increased its dividend annually for over 60 years, making it a very elite Dividend King.</p><p>So why is Mr. Market pessimistic? The answer is a mixture of slowing growth and some product and environmental lawsuits. These are notable problems, but they're not insurmountable. On the business front, the industrial giant's operations wax and wane over time just like any other company. Given its history and focus on innovation, it should eventually get back on a better track. As for the lawsuits, they could be costly, but it's likely that 3M will be able to handle the hit. In the end, this is an attractively priced name with a great history that is dealing with issues that seem transitory.</p><h2>A proven value creator</h2><p><b>Matt DiLallo (Brookfield Asset Management):</b> I like to invest. Because of that, I routinely purchase a variety of stocks. However, if I could only buy one in the coming year, Brookfield Asset Management would be my top choice.</p><p>For starters, I love the company's management. CEO Bruce Flatt is a personal favorite of mine. He's right up there with Warren Buffett in my book as one of the best value investors around. I enjoy reading his quarterly letter to shareholders, which Flatt fills with investing and economic insight. He's also a proven value creator. Since becoming CEO in 2002, he's helped Brookfield deliver a 15.7% total annualized return, pulverizing the <b>S&P 500</b>'s 10.6% total return during that time frame. </p><p>I also like the company's business model. Brookfield is a leading global alternative asset manager focused on real estate, infrastructure, and renewable energy -- three of my favorite investing themes. An investment in Brookfield provides broad exposure to those three asset classes and many more. Brookfield invests directly across those themes and manages private equity funds focused on those sectors.</p><p>Finally, Brookfield has enormous upside potential. It expects to double its fee-bearing assets under management over the next five years. Combine that with performance-based earnings on its funds and the compounding value of its balance sheet investments, and it has the potential of generating up to 25% annualized total returns over the next five years. That upside, along with all the other positives, is why I'd buy Brookfield if it were the only stock I could purchase this year. </p><h2>Investors are overlooking the growth potential here</h2><p><b>Neha Chamaria</b> <b>(Brookfield Renewable)</b>: 2021 is turning out to be a record-setting year for global renewable electricity addition, but this could just be the beginning. Yet shares of one of the largest pure-play renewables companies that's growing at a steady pace have languished this year, which is why Brookfield Renewable would be at the top of my shopping list of stocks to buy in 2022.</p><p>Brookfield Renewable, in fact, generated record funds from operations (FFO) in its third quarter and believes it could grow FFO by nearly 20% per year through 2026 through a combination of organic and inorganic growth. 2021 was also a solid year in terms of growth initiatives, with Brookfield Renewable expanding its U.S. distributed-generation business by nearly five times, signing agreements to acquire multiple late-stage solar development projects in the U.S. and even making meaningful headway in the high-potential green hydrogen space.</p><p>Brookfield Renewable's current development pipeline is larger than ever, and the company is committed to growing dividends annually by 5% to 9%. That shouldn't be tough given the solid pace of growth in its FFO. That dividend growth, its dividend yield of 3.4%, and the humongous growth potential in renewable energy are the biggest reasons why I consider Brookfield Renewable a top stock for 2022.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If I Could Buy Only 1 Stock in 2022, This Would Be It</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf I Could Buy Only 1 Stock in 2022, This Would Be It\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-02 13:00 GMT+8 <a href=https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We're firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.We asked some of our Fool.com contributors to whittle their favorites down to ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4133":"新能源发电业者","MMM":"3M","BEP":"Brookfield Renewable Partners LP","BK4534":"瑞士信贷持仓","BAM":"布鲁克菲尔德资产管理","BK4512":"苹果概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4135":"资产管理与托管银行","BK4206":"工业集团企业","BEPC":"Brookfield Renewable Corp."},"source_url":"https://www.fool.com/investing/2022/01/01/if-i-could-buy-only-1-stock-in-2022-this-would-be/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200444738","content_text":"We're firm believers in the benefit of owning a diversified portfolio of stocks. However, we all have our favorite stocks.We asked some of our Fool.com contributors to whittle their favorites down to their top choice to buy in 2022 if they could only pick one. Here's why 3M (NYSE:MMM), Brookfield Asset Management (NYSE:BAM), and Brookfield Renewable (NYSE:BEP)(NYSE:BEPC) topped their lists as the one stock they'd buy this year. Image source: Getty Images.A diversified giant that's still on saleReuben Gregg Brewer (3M): Benjamin Graham, renowned value investor and mentor to Warren Buffet, explains that investors are partnered with \"Mr. Market,\" a mercurial fellow prone to fits of despair and jubilation. When he's overly excited, you should consider selling to him; when he's pessimistic, you should think about buying. Right now, Mr. Market is very downbeat on diversified international industrial giant 3M. One way to see this is that the company's dividend yield, at around 3.3%, is near the top end of its historical range.MMM Dividend Yield data by YChartsGraham had some other advice when it came to actually selecting stocks. Specifically, he argued that most investors would be wise sticking to large, financially strong companies, with strong dividend histories. 3M stacks up well on these measures. It has a market cap of $100 billion, which makes it a mega-cap stock. Its balance sheet is investment-grade rated by the major credit agencies, so it's financially strong. And it has increased its dividend annually for over 60 years, making it a very elite Dividend King.So why is Mr. Market pessimistic? The answer is a mixture of slowing growth and some product and environmental lawsuits. These are notable problems, but they're not insurmountable. On the business front, the industrial giant's operations wax and wane over time just like any other company. Given its history and focus on innovation, it should eventually get back on a better track. As for the lawsuits, they could be costly, but it's likely that 3M will be able to handle the hit. In the end, this is an attractively priced name with a great history that is dealing with issues that seem transitory.A proven value creatorMatt DiLallo (Brookfield Asset Management): I like to invest. Because of that, I routinely purchase a variety of stocks. However, if I could only buy one in the coming year, Brookfield Asset Management would be my top choice.For starters, I love the company's management. CEO Bruce Flatt is a personal favorite of mine. He's right up there with Warren Buffett in my book as one of the best value investors around. I enjoy reading his quarterly letter to shareholders, which Flatt fills with investing and economic insight. He's also a proven value creator. Since becoming CEO in 2002, he's helped Brookfield deliver a 15.7% total annualized return, pulverizing the S&P 500's 10.6% total return during that time frame. I also like the company's business model. Brookfield is a leading global alternative asset manager focused on real estate, infrastructure, and renewable energy -- three of my favorite investing themes. An investment in Brookfield provides broad exposure to those three asset classes and many more. Brookfield invests directly across those themes and manages private equity funds focused on those sectors.Finally, Brookfield has enormous upside potential. It expects to double its fee-bearing assets under management over the next five years. Combine that with performance-based earnings on its funds and the compounding value of its balance sheet investments, and it has the potential of generating up to 25% annualized total returns over the next five years. That upside, along with all the other positives, is why I'd buy Brookfield if it were the only stock I could purchase this year. Investors are overlooking the growth potential hereNeha Chamaria (Brookfield Renewable): 2021 is turning out to be a record-setting year for global renewable electricity addition, but this could just be the beginning. Yet shares of one of the largest pure-play renewables companies that's growing at a steady pace have languished this year, which is why Brookfield Renewable would be at the top of my shopping list of stocks to buy in 2022.Brookfield Renewable, in fact, generated record funds from operations (FFO) in its third quarter and believes it could grow FFO by nearly 20% per year through 2026 through a combination of organic and inorganic growth. 2021 was also a solid year in terms of growth initiatives, with Brookfield Renewable expanding its U.S. distributed-generation business by nearly five times, signing agreements to acquire multiple late-stage solar development projects in the U.S. and even making meaningful headway in the high-potential green hydrogen space.Brookfield Renewable's current development pipeline is larger than ever, and the company is committed to growing dividends annually by 5% to 9%. That shouldn't be tough given the solid pace of growth in its FFO. That dividend growth, its dividend yield of 3.4%, and the humongous growth potential in renewable energy are the biggest reasons why I consider Brookfield Renewable a top stock for 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692203195,"gmtCreate":1640962909224,"gmtModify":1640962947647,"author":{"id":"3574910578498482","authorId":"3574910578498482","name":"kaikk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Like and share pls","listText":"Like and share pls","text":"Like and share pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692203195","repostId":"1125606718","repostType":4,"repost":{"id":"1125606718","pubTimestamp":1640954649,"share":"https://www.laohu8.com/m/news/1125606718?lang=&edition=full","pubTime":"2021-12-31 20:44","market":"us","language":"en","title":"DocuSign: COVID Or Not, E-Signature Is Here To Stay","url":"https://stock-news.laohu8.com/highlight/detail?id=1125606718","media":"Seeking Alpha","summary":"SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatu","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Management missed billings guidance coming into Q3’22, resulting in market reaction.</li><li>E-signatures are still going to be used even when businesses are slowly returning to offices due to its convenience, unlike Zoom’s video conferencing.</li><li>The Agreement Cloud is gaining back traction after an abrupt stop caused by COVID.</li><li>At current prices, only growth of e-signature revenues in the next 5 years is priced in.</li><li>CEO Dan Springer purchased $5M worth of stock after earnings.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/49e4aeb6a856c1f9be8d691856077329\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"/><span>Michael Vi/iStock Editorial via Getty Images</span></p><p>This article is contributed by Douglas from our Superstocks Seekers team.</p><p><i>[To receive real-time notifications of our latest updates/articles, click the "Follow" button on the left of your screen.]</i></p><p>We previously gave an overview of DocuSign (NASDAQ:DOCU) from Q2'22 results. Following its Q3'22 earnings release, there was a market reaction that resulted in a 40% drop in stock price. Let's look into the results to assess whether the drop is warranted.</p><p><b>Q3'22 Financials</b></p><p>We will be looking at only subscription revenue as it is the reflection of the strength of DocuSign's product offerings, comprising ~97% of their revenue. The management is looking to gradually move all its professional integration services to partners so that they can fully focus on improving & selling their products.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d44789450f393554fcd235fd3cfd78d8\" tg-width=\"935\" tg-height=\"446\" width=\"100%\" height=\"auto\"/><span>Source: DOCU's SEC Filings</span></p><p>DocuSign achieved a record $529 million in subscription revenue in Q3. However, the YoY growth rates have been normalizing back to pre-Covid levels.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/50155de13c99d996738c7412a818343d\" tg-width=\"888\" tg-height=\"485\" width=\"100%\" height=\"auto\"/><span>Source: DOCU's SEC Filings</span></p><p>Billings are the amount invoiced to customers in the quarter. It includes both current and future quarter revenue since customers usually pre-pay for annual contracts. Hence, this metric will give a partial glimpse into future quarters' performance. Due to the variety of contractual terms and customer usage patterns, there's bound to be quarterly fluctuations, thus management always advises to view it from a trailing twelve months basis.</p><p>However, by just looking at Q3'22 billing YoY growth, it seems to be one of the negative factors affecting investors' confidence. Q3'21 is the period where companies are starting to resume normal operations digitally, as lockdowns begin to loosen after the initial shock from COVID. (This phenomenon was also reflected in Airbnb's (NASDAQ:ABNB) Q3'20 booking numbers as shown in our previous article.) Thus, it created huge demands for e-signatures, even if companies might not know the full extent of use cases yet.</p><p>For Q3'22 to show such a large deceleration in growth, there can be two reasons: 1) Companies bought excessive capacity in their initial buy just to prepare for any downturns in events, and have not consumed all. 2) Companies bought small capacity, and have already renewed with larger contracts in the subsequent quarters. Either reason reflected a slowdown in consumption patterns.</p><p>Additionally, there was a slight sales execution issue causing this as mentioned by CEO Daniel Springer in the earnings call. From the onset of COVID, they were very focused on rapidly capturing the demand up till now. This shifted their focus away from educating customers on the extensive use cases, which they used to do as part of their "land & expand" strategy.</p><blockquote>We stopped doing that as people just need more and more volume for their existing use cases, right? And so I think that's the gap in our execution. And as Cynthia described, a huge portion of our field has joined since pandemic began because we've been growing at such a rate. And we haven't done the job we need to do at enabling them at the traditional DocuSign sort of land and expand processes.</blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45d1bcb79a78644507925af0132f1237\" tg-width=\"1280\" tg-height=\"519\" width=\"100%\" height=\"auto\"/><span>Source: Winter 2021 Investor Presentation</span></p><p>Despite the slowdown in revenue & billings growth, Net Dollar Retention ("NDR") rates are still looking healthy. It should be noted that NDR rates were still being driven by the expansion of e-signature use cases, as the application of Agreement Cloud is still in the early stages (more on it below).</p><p><b>Management Guidance</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a37d6638669dc240d320586aabd975a\" tg-width=\"1161\" tg-height=\"266\" width=\"100%\" height=\"auto\"/><span>Source: Earnings Calls</span></p><p>Management had initially expected their COVID demand to die down from the start of Q1, thus guiding full-year billings growth of only 31% during Q4'21. Due to the unexpected growth for the first 2 quarters, the management optimistically adjusted their guidance. The slowdown in growth then happened in Q3, missing the guidance, which might have surprised them. As a result, they lowered their Q4 guidance. These moves seldom go well with investors, sending the stock down 40%.</p><p><b>COVID Stock?</b></p><p>A mention of "COVID Stocks" brings to mind Zoom (NASDAQ:ZM) and DocuSign. Both businesses enable remote working through video conferencing and e-signature respectively. A look at Zoom's revenue growth clearly showed how COVID impacted their business.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7a702a96d104f06d54230b8cc7ef696\" tg-width=\"752\" tg-height=\"452\" width=\"100%\" height=\"auto\"/><span>Source: Zoom's SEC Filings</span></p><p>Despite showing similar growth profiles, it would be unfair to project such a massive growth deceleration for DocuSign. As users start returning to offices, it's more likely for them to switch back to in-person meetings than returning to manual mailing processes to close agreements. In-person meetings still have intangible benefits that video conferencing can't provide. On the other hand, e-signatures are simply cheaper, faster, and more accessible, providing a clear Return On Investment ("ROI") for users that have switched.</p><p>Agreement Cloud Progress</p><p>E-signature has become part of the larger Agreement Cloud offering from DocuSign. The remaining components such as Contract Lifecycle Management ("CLM") require a more extensive rollout as enterprise software needs to be integrated, lengthening the whole sales cycle to about 3-4 quarters. Thus, the initial sales traction gained from pre-COVID was put to an abrupt stop when customers chose to focus on the more mission-critical e-signature. The immediate ROI and ease of implementation digitally also played a part.</p><p>As per CEO Springer during Q1'22 earnings call:</p><blockquote>"Now we see those starting to come back. And so we see the pipeline starting to build, as we did actually starting in Q4 start more aggressively there. So those are demonstrably coming back, and I think those will be larger deal sizes that we will see.</blockquote><p>Interest in Agreement Cloud is starting to pick up again as businesses adapt to the new way of working. And basing it on the estimated sales cycle, the growth should be back on track. Agreement cloud has the potential to put DocuSign above the other e-signature providers, albeit only showing insignificant revenue for now. Readers do have to note that this is still considered a greenfield opportunity for the company, and it will be up to the management to effectively market its value proposition.</p><p><b>Customers' Reviews</b></p><p>The company interviewed users from Unilever (LON:ULVR)(NYSE:UL) and Snowflake (NASDAQ:SNOW) during their 2021 Analyst Day.</p><p>One of the highlights was that Unilever had already been using SpringCM and Seal software when they were still independent companies. Both were then acquired by DocuSign as part of Agreement Cloud products. According to Lim Wei Ling, Unilever's Global Supply Chain General Counsel:</p><blockquote>And so primary driver was to find ways to give time back to our colleagues, give time back to our business partners, so that they can do even more value-add work and also to create capabilities that will generate data-driven insights for them that they can take action on. And so it was with this in mind that we wanted to take advantage of the contract automation, the contract building capabilities and the contract analytics capabilities in the Agreement Cloud.</blockquote><p>This validates the whole Agreement Cloud concept, showing that it's not just a bold vision from the management team.</p><p>In addition, Snowflake chose to use DocuSign over other providers as they offer a future roadmap. This fits into the company's "land & expand" strategy - from introducing e-signatures to gradually utilizing the different components of the whole Agreement cloud - allowing users to achieve more ROI as they explore more of the use cases.</p><p>Looking at the reviews from G2.com&Gartner, DocuSign's e-signature is at a premium pricing above the rest. Despite that, it's still the undisputed leader in the e-signature market. The strength of its brand, its integration to many enterprise software, and potential extensions to other value-adding software certainly justify the costs.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/279430e025777ecf2a913e148ab211dd\" tg-width=\"1280\" tg-height=\"642\" width=\"100%\" height=\"auto\"/><span>Source: Winter 2021 Investor Presentation</span></p><p><b>Valuation</b></p><p>Similar to our Q2'22 article, we will use a 5 year Discounted Cash Flow ("DCF") valuation method to determine a fair value for DocuSign, and bring it back to its present value.</p><p>We have shared how we derived the variables such as Discount Rate, Dilution, and Exit Price Multiple. The variables and the assumptions made are the same, except for the drop in year 1 revenue growth rates. Using the recent quarter growth rate, we brought down the revenue growth from 50% to 40% to give a more conservative estimate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/537c128d1b5c973dfbbe82d15aa29330\" tg-width=\"1085\" tg-height=\"648\" width=\"100%\" height=\"auto\"/><span>Source: Author's estimates with DOCU's SEC Filings</span></p><p>We derived an intrinsic per-share value of $219. As of 28th Dec'21 closing price at $152, there's an implied upside of at least 40%.</p><p>Using the same assumptions (except year 1 growth rate) and working backward from the closing price of $152, the market is expecting a drastic growth slowdown and year 5 revenue of USD 5.7 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0ce724df4aaa47bd2a9ce56dc3c385fd\" tg-width=\"1088\" tg-height=\"653\" width=\"100%\" height=\"auto\"/><span>Source: Author's estimates with DOCU's SEC Filings</span></p><p>The management indicated during their Analyst Dayt hat the near-term goal of USD 5 billion will still be mainly from e-signatures. This means that at current prices, the market is not pricing in any growth from the Agreement Cloud in the next 5 years.</p><p><b>Insider Buying</b></p><p>Despite the Q3'22 results which caused the share price to drop 40%, something that caught our attention is that CEO Springer bought $5 million worth of DOCU's shares after the drop.</p><p><img src=\"https://static.tigerbbs.com/b74319b1acc664e1ff67fff037599170\" tg-width=\"1280\" tg-height=\"825\" width=\"100%\" height=\"auto\"/></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d4e804a595ee217a4e80ef5637ddcb9c\" tg-width=\"1280\" tg-height=\"317\" width=\"100%\" height=\"auto\"/><span>Source: SEC Form 4 7th Dec & 8th Dec</span></p><p>When asked about his buying decision during a UBS investor conference on 8th Dec, he mentioned:</p><blockquote>I'm very confident. I'm making a good investment. And as I've said openly, if the stock doesn't react over the coming days, weeks, months and doesn't get sort of more in line with where I think it should be, I'll continue to be a buyer.</blockquote><p>As an insider with full knowledge of the pipelines and daily operations, this move displayed huge confidence in DocuSign's prospects.</p><p><b>Closing</b></p><p>The pandemic had made e-signature a mission-critical software for businesses to operate in today's "Anywhere Economy". DocuSign is positioning itself by being more than that, as e-signatures get commoditized. By tapping on its industry-leading brand presence, the company is leading customers into its larger value-adding Agreement Cloud.</p><p>Current prices seemed to only factor in the growth of e-signature. Even though the whole Agreement Cloud segment is still small, there are already customers utilizing specific products. As DocuSign gradually gets embedded into customers' workflows with more products, its software will become stickier. With increasing sales traction, the Agreement Cloud has the potential to become a game-changer and key revenue contribution for DocuSign in the near future.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>DocuSign: COVID Or Not, E-Signature Is Here To Stay</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\">\nDocuSign: COVID Or Not, E-Signature Is Here To Stay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 20:44 GMT+8 <a href=https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatures are still going to be used even when businesses are slowly returning to offices due to its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DOCU":"Docusign"},"source_url":"https://seekingalpha.com/article/4477363-docusign-e-signature-is-here-to-stay","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125606718","content_text":"SummaryManagement missed billings guidance coming into Q3’22, resulting in market reaction.E-signatures are still going to be used even when businesses are slowly returning to offices due to its convenience, unlike Zoom’s video conferencing.The Agreement Cloud is gaining back traction after an abrupt stop caused by COVID.At current prices, only growth of e-signature revenues in the next 5 years is priced in.CEO Dan Springer purchased $5M worth of stock after earnings.Michael Vi/iStock Editorial via Getty ImagesThis article is contributed by Douglas from our Superstocks Seekers team.[To receive real-time notifications of our latest updates/articles, click the \"Follow\" button on the left of your screen.]We previously gave an overview of DocuSign (NASDAQ:DOCU) from Q2'22 results. Following its Q3'22 earnings release, there was a market reaction that resulted in a 40% drop in stock price. Let's look into the results to assess whether the drop is warranted.Q3'22 FinancialsWe will be looking at only subscription revenue as it is the reflection of the strength of DocuSign's product offerings, comprising ~97% of their revenue. The management is looking to gradually move all its professional integration services to partners so that they can fully focus on improving & selling their products.Source: DOCU's SEC FilingsDocuSign achieved a record $529 million in subscription revenue in Q3. However, the YoY growth rates have been normalizing back to pre-Covid levels.Source: DOCU's SEC FilingsBillings are the amount invoiced to customers in the quarter. It includes both current and future quarter revenue since customers usually pre-pay for annual contracts. Hence, this metric will give a partial glimpse into future quarters' performance. Due to the variety of contractual terms and customer usage patterns, there's bound to be quarterly fluctuations, thus management always advises to view it from a trailing twelve months basis.However, by just looking at Q3'22 billing YoY growth, it seems to be one of the negative factors affecting investors' confidence. Q3'21 is the period where companies are starting to resume normal operations digitally, as lockdowns begin to loosen after the initial shock from COVID. (This phenomenon was also reflected in Airbnb's (NASDAQ:ABNB) Q3'20 booking numbers as shown in our previous article.) Thus, it created huge demands for e-signatures, even if companies might not know the full extent of use cases yet.For Q3'22 to show such a large deceleration in growth, there can be two reasons: 1) Companies bought excessive capacity in their initial buy just to prepare for any downturns in events, and have not consumed all. 2) Companies bought small capacity, and have already renewed with larger contracts in the subsequent quarters. Either reason reflected a slowdown in consumption patterns.Additionally, there was a slight sales execution issue causing this as mentioned by CEO Daniel Springer in the earnings call. From the onset of COVID, they were very focused on rapidly capturing the demand up till now. This shifted their focus away from educating customers on the extensive use cases, which they used to do as part of their \"land & expand\" strategy.We stopped doing that as people just need more and more volume for their existing use cases, right? And so I think that's the gap in our execution. And as Cynthia described, a huge portion of our field has joined since pandemic began because we've been growing at such a rate. And we haven't done the job we need to do at enabling them at the traditional DocuSign sort of land and expand processes.Source: Winter 2021 Investor PresentationDespite the slowdown in revenue & billings growth, Net Dollar Retention (\"NDR\") rates are still looking healthy. It should be noted that NDR rates were still being driven by the expansion of e-signature use cases, as the application of Agreement Cloud is still in the early stages (more on it below).Management GuidanceSource: Earnings CallsManagement had initially expected their COVID demand to die down from the start of Q1, thus guiding full-year billings growth of only 31% during Q4'21. Due to the unexpected growth for the first 2 quarters, the management optimistically adjusted their guidance. The slowdown in growth then happened in Q3, missing the guidance, which might have surprised them. As a result, they lowered their Q4 guidance. These moves seldom go well with investors, sending the stock down 40%.COVID Stock?A mention of \"COVID Stocks\" brings to mind Zoom (NASDAQ:ZM) and DocuSign. Both businesses enable remote working through video conferencing and e-signature respectively. A look at Zoom's revenue growth clearly showed how COVID impacted their business.Source: Zoom's SEC FilingsDespite showing similar growth profiles, it would be unfair to project such a massive growth deceleration for DocuSign. As users start returning to offices, it's more likely for them to switch back to in-person meetings than returning to manual mailing processes to close agreements. In-person meetings still have intangible benefits that video conferencing can't provide. On the other hand, e-signatures are simply cheaper, faster, and more accessible, providing a clear Return On Investment (\"ROI\") for users that have switched.Agreement Cloud ProgressE-signature has become part of the larger Agreement Cloud offering from DocuSign. The remaining components such as Contract Lifecycle Management (\"CLM\") require a more extensive rollout as enterprise software needs to be integrated, lengthening the whole sales cycle to about 3-4 quarters. Thus, the initial sales traction gained from pre-COVID was put to an abrupt stop when customers chose to focus on the more mission-critical e-signature. The immediate ROI and ease of implementation digitally also played a part.As per CEO Springer during Q1'22 earnings call:\"Now we see those starting to come back. And so we see the pipeline starting to build, as we did actually starting in Q4 start more aggressively there. So those are demonstrably coming back, and I think those will be larger deal sizes that we will see.Interest in Agreement Cloud is starting to pick up again as businesses adapt to the new way of working. And basing it on the estimated sales cycle, the growth should be back on track. Agreement cloud has the potential to put DocuSign above the other e-signature providers, albeit only showing insignificant revenue for now. Readers do have to note that this is still considered a greenfield opportunity for the company, and it will be up to the management to effectively market its value proposition.Customers' ReviewsThe company interviewed users from Unilever (LON:ULVR)(NYSE:UL) and Snowflake (NASDAQ:SNOW) during their 2021 Analyst Day.One of the highlights was that Unilever had already been using SpringCM and Seal software when they were still independent companies. Both were then acquired by DocuSign as part of Agreement Cloud products. According to Lim Wei Ling, Unilever's Global Supply Chain General Counsel:And so primary driver was to find ways to give time back to our colleagues, give time back to our business partners, so that they can do even more value-add work and also to create capabilities that will generate data-driven insights for them that they can take action on. And so it was with this in mind that we wanted to take advantage of the contract automation, the contract building capabilities and the contract analytics capabilities in the Agreement Cloud.This validates the whole Agreement Cloud concept, showing that it's not just a bold vision from the management team.In addition, Snowflake chose to use DocuSign over other providers as they offer a future roadmap. This fits into the company's \"land & expand\" strategy - from introducing e-signatures to gradually utilizing the different components of the whole Agreement cloud - allowing users to achieve more ROI as they explore more of the use cases.Looking at the reviews from G2.com&Gartner, DocuSign's e-signature is at a premium pricing above the rest. Despite that, it's still the undisputed leader in the e-signature market. The strength of its brand, its integration to many enterprise software, and potential extensions to other value-adding software certainly justify the costs.Source: Winter 2021 Investor PresentationValuationSimilar to our Q2'22 article, we will use a 5 year Discounted Cash Flow (\"DCF\") valuation method to determine a fair value for DocuSign, and bring it back to its present value.We have shared how we derived the variables such as Discount Rate, Dilution, and Exit Price Multiple. The variables and the assumptions made are the same, except for the drop in year 1 revenue growth rates. Using the recent quarter growth rate, we brought down the revenue growth from 50% to 40% to give a more conservative estimate.Source: Author's estimates with DOCU's SEC FilingsWe derived an intrinsic per-share value of $219. As of 28th Dec'21 closing price at $152, there's an implied upside of at least 40%.Using the same assumptions (except year 1 growth rate) and working backward from the closing price of $152, the market is expecting a drastic growth slowdown and year 5 revenue of USD 5.7 billion.Source: Author's estimates with DOCU's SEC FilingsThe management indicated during their Analyst Dayt hat the near-term goal of USD 5 billion will still be mainly from e-signatures. This means that at current prices, the market is not pricing in any growth from the Agreement Cloud in the next 5 years.Insider BuyingDespite the Q3'22 results which caused the share price to drop 40%, something that caught our attention is that CEO Springer bought $5 million worth of DOCU's shares after the drop.Source: SEC Form 4 7th Dec & 8th DecWhen asked about his buying decision during a UBS investor conference on 8th Dec, he mentioned:I'm very confident. I'm making a good investment. And as I've said openly, if the stock doesn't react over the coming days, weeks, months and doesn't get sort of more in line with where I think it should be, I'll continue to be a buyer.As an insider with full knowledge of the pipelines and daily operations, this move displayed huge confidence in DocuSign's prospects.ClosingThe pandemic had made e-signature a mission-critical software for businesses to operate in today's \"Anywhere Economy\". DocuSign is positioning itself by being more than that, as e-signatures get commoditized. By tapping on its industry-leading brand presence, the company is leading customers into its larger value-adding Agreement Cloud.Current prices seemed to only factor in the growth of e-signature. Even though the whole Agreement Cloud segment is still small, there are already customers utilizing specific products. As DocuSign gradually gets embedded into customers' workflows with more products, its software will become stickier. With increasing sales traction, the Agreement Cloud has the potential to become a game-changer and key revenue contribution for DocuSign in the near future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}