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LionPanda21

LionPanda21

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2021-12-30

Yes!

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2021-12-30

Google

These stocks are down at least 20% from 2021 highs, but Wall Street sees them gaining as much as 87% in 2022

2021-12-30

Hurray!

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2021-12-30

Looking forward to more exciting advances.

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2021-12-29

Potential here

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2021-12-29

Tesla is more than EV

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2021-12-28

Tesla $100?

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2021-12-23

$Tesla Motors(TSLA)$So happy!

2021-12-22

$Tesla Motors(TSLA)$Am happy

2021-11-26

Medtecs rocket today

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2021-11-26

Today rocket

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2021-11-24

Eyes on Mapletree

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2021-11-24

Right

Nasdaq ends lower for second day as Big Tech loses ground

2021-11-23

$Roundhill Ball Metaverse ETF(META)$It's alright. Positive. Optimistic.

2021-11-23

Opportunity

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2021-11-23

Cheaper

Cathie Wood Continues Profit-Booking In Tesla, Selling Another $210M Shares On Monday — Here Are The Other Key Trades

2021-11-23

Yeah

Apple: Widening Its Moat

2021-11-23

Sad

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2021-11-22

Good

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2021-11-22

Good

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23:35","market":"us","language":"en","title":"These stocks are down at least 20% from 2021 highs, but Wall Street sees them gaining as much as 87% in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2195450556","media":"MarketWatch","summary":"More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of","content":"<html><head></head><body><p>More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of them, including JD.com, <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> and Disney</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aebc95cbe7dbebe32f5045c9fa2f994\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Analysts polled by FactSet expect shares of Alaska Air Group to rise 47% over the next 12 months.Getty Images</span></p><p>This has been a remarkable year for stocks, but it may surprise you how many are in bear-market territory, usually defined as a decline of at least 20%.</p><p>Among a large group of beaten-down stocks, analysts working for brokerage firms expect dozens to soar in 2022. See them below.</p><p><b>A solid 2021, but look at  the cap-weighting</b></p><p>The benchmark S&amp;P 500 index  has risen 27.4% during 2021, following a 16.3% in 2020 -- two years of pandemic and two years of double-digit gains. (All price changed in this article exclude dividends.)</p><p>You probably know the S&amp;P 500 is weighted by market capitalization, but you might not be aware of how extreme the weighting can be. Take a look at the weighting and performance of the top five companies held by the SPDR S&amp;P 500 ETF Trust, which tracks the S&amp;P 500. Together, they make up 23% of the fund&#39;s portfolio and the index:</p><table><tbody><tr><td>Company</td><td>Ticker</td><td>Price change -- 2021</td><td>Share of SPY</td></tr><tr><td>Apple Inc.</td><td>AAPL</td><td>35.1%</td><td>6.9%</td></tr><tr><td>Microsoft Corp.</td><td>MSFT</td><td>53.4%</td><td>6.3%</td></tr><tr><td>Amazon.com Inc.</td><td>AMZN</td><td>4.8%</td><td>3.7%</td></tr><tr><td>Alphabet Inc. Class A</td><td>GOOGL</td><td>67.4%</td><td>2.2%</td></tr><tr><td>Tesla Inc.</td><td>TSLA</td><td>54.2%</td><td>2.2%</td></tr><tr><td>Alphabet Inc. Class C</td><td>GOOG</td><td>67.2%</td><td>2.1%</td></tr><tr></tr></tbody></table><p>Source: FactSet</p><p>SPY and the S&amp;P 500 include two common-share classes for Alphabet Inc. (GOOGL) and two apiece for four other companies, for a total of 505 stocks.</p><p><b>Stocks in bear markets that analysts love</b></p><p>For a broader list of large-cap stocks listed in the U.S., including those of some of China&#39;s biggest internet players, we added the components of the Nasdaq-100 Index , comprised of the 100 largest Nasdaq-listed companies by market capitalization and tracked by the Invesco QQQ Trust.</p><p>After removing duplicates, this left a list of 529 stocks.</p><p>Within in the group, 94 are in a bear market -- that is, they were down at least 20% from their 2021 intraday highs through Dec. 28, according to data provided by FactSet.</p><p>Among the 94, there are 30 with &#34;buy&#34; or equivalent ratings from at least two-thirds of analysts polled by FactSet. Here they are, sorted by the 12-month upside potential implied by the consensus price targets:</p><table><tbody><tr><td>Company</td><td>Ticker</td><td>Decline from 2021 high</td><td>Closing price -- Dec. 28</td><td>2021 high</td><td>Date of 2021 high</td><td>Share &#34;buy&#34; ratings</td><td>Consensus price target</td><td>Implied 12-month upside potential</td></tr><tr><td>Pinduoduo Inc. ADR Class A</td><td>PDD</td><td>-73.6%</td><td>$56.04</td><td>$212.60</td><td>02/16/2021</td><td>76%</td><td>$104.54</td><td>87%</td></tr><tr><td>Baidu Inc. ADR Class A</td><td>BIDU</td><td>-60.3%</td><td>$140.88</td><td>$354.82</td><td>02/22/2021</td><td>83%</td><td>$232.32</td><td>65%</td></tr><tr><td>JD.com Inc. ADR Class A</td><td>JD</td><td>-39.2%</td><td>$65.87</td><td>$108.29</td><td>02/17/2021</td><td>94%</td><td>$106.30</td><td>61%</td></tr><tr><td><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> Inc.</td><td>MELI</td><td>-34.8%</td><td>$1,316.28</td><td>$2,020.00</td><td>01/21/2021</td><td>87%</td><td>$2,011.00</td><td>53%</td></tr><tr><td>Caesars Entertainment Inc.</td><td>CZR</td><td>-22.6%</td><td>$92.78</td><td>$119.81</td><td>10/01/2021</td><td>94%</td><td>$137.36</td><td>48%</td></tr><tr><td>Generac Holdings Inc.</td><td>GNRC</td><td>-33.6%</td><td>$348.18</td><td>$524.31</td><td>11/02/2021</td><td>77%</td><td>$514.11</td><td>48%</td></tr><tr><td>Alaska Air Group Inc.</td><td>ALK</td><td>-28.8%</td><td>$52.90</td><td>$74.25</td><td>04/07/2021</td><td>93%</td><td>$77.71</td><td>47%</td></tr><tr><td>PayPal Holdings Inc.</td><td>PYPL</td><td>-38.7%</td><td>$190.10</td><td>$310.16</td><td>07/26/2021</td><td>84%</td><td>$273.65</td><td>44%</td></tr><tr><td>CrowdStrike Holdings Inc. Class A</td><td>CRWD</td><td>-30.6%</td><td>$207.23</td><td>$298.48</td><td>11/10/2021</td><td>86%</td><td>$291.88</td><td>41%</td></tr><tr><td>Trip.com Group Ltd. ADR</td><td>TCOM</td><td>-48.5%</td><td>$23.29</td><td>$45.19</td><td>03/17/2021</td><td>79%</td><td>$32.78</td><td>41%</td></tr><tr><td><a href=\"https://laohu8.com/S/TMUSR\">T-Mobile US Inc</a>.</td><td>TMUS</td><td>-21.3%</td><td>$118.16</td><td>$150.20</td><td>07/16/2021</td><td>81%</td><td>$165.51</td><td>40%</td></tr><tr><td><a href=\"https://laohu8.com/S/ENPH\">Enphase Energy</a> Inc.</td><td>ENPH</td><td>-33.9%</td><td>$186.79</td><td>$282.46</td><td>11/22/2021</td><td>67%</td><td>$260.92</td><td>40%</td></tr><tr><td>Global Payments Inc.</td><td>GPN</td><td>-38.8%</td><td>$135.15</td><td>$220.81</td><td>04/26/2021</td><td>85%</td><td>$188.41</td><td>39%</td></tr><tr><td>NetEase Inc. ADR</td><td>NTES</td><td>-27.7%</td><td>$97.15</td><td>$134.33</td><td>02/11/2021</td><td>97%</td><td>$134.53</td><td>38%</td></tr><tr><td>Activision Blizzard Inc.</td><td>ATVI</td><td>-36.2%</td><td>$66.67</td><td>$104.53</td><td>02/16/2021</td><td>71%</td><td>$90.86</td><td>36%</td></tr><tr><td>Southwest Airlines Co.</td><td>LUV</td><td>-34.7%</td><td>$42.29</td><td>$64.75</td><td>04/14/2021</td><td>78%</td><td>$57.32</td><td>36%</td></tr><tr><td>Fidelity National Information Services Inc.</td><td>FIS</td><td>-29.9%</td><td>$109.29</td><td>$155.96</td><td>04/29/2021</td><td>74%</td><td>$146.86</td><td>34%</td></tr><tr><td>Match Group Inc.</td><td>MTCH</td><td>-27.0%</td><td>$132.94</td><td>$182.00</td><td>10/21/2021</td><td>68%</td><td>$175.11</td><td>32%</td></tr><tr><td><a href=\"https://laohu8.com/S/LDOS\">Leidos Holdings Inc</a>.</td><td>LDOS</td><td>-22.4%</td><td>$88.26</td><td>$113.75</td><td>01/25/2021</td><td>71%</td><td>$115.00</td><td>30%</td></tr><tr><td>WestRock Co.</td><td>WRK</td><td>-28.8%</td><td>$44.19</td><td>$62.03</td><td>05/17/2021</td><td>67%</td><td>$56.92</td><td>29%</td></tr><tr><td>Medtronic <a href=\"https://laohu8.com/S/PLC\">PLC</a></td><td>MDT</td><td>-23.1%</td><td>$104.53</td><td>$135.89</td><td>09/09/2021</td><td>85%</td><td>$134.52</td><td>29%</td></tr><tr><td>Teleflex Inc.</td><td>TFX</td><td>-26.6%</td><td>$330.03</td><td>$449.38</td><td>04/28/2021</td><td>75%</td><td>$424.11</td><td>29%</td></tr><tr><td><a href=\"https://laohu8.com/S/ZBH\">Zimmer Biomet Holdings Inc</a>.</td><td>ZBH</td><td>-28.9%</td><td>$128.21</td><td>$180.36</td><td>04/29/2021</td><td>68%</td><td>$163.71</td><td>28%</td></tr><tr><td><a href=\"https://laohu8.com/S/PTC\">PTC Inc.</a></td><td>PTC</td><td>-20.4%</td><td>$122.34</td><td>$153.73</td><td>07/23/2021</td><td>71%</td><td>$156.15</td><td>28%</td></tr><tr><td><a href=\"https://laohu8.com/S/PSX\">Phillips 66</a></td><td>PSX</td><td>-21.6%</td><td>$73.93</td><td>$94.34</td><td>06/10/2021</td><td>79%</td><td>$93.50</td><td>26%</td></tr><tr><td>Boeing Co.</td><td>BA</td><td>-26.0%</td><td>$206.13</td><td>$278.57</td><td>03/15/2021</td><td>73%</td><td>$259.61</td><td>26%</td></tr><tr><td><a href=\"https://laohu8.com/S/OKTA\">Okta Inc.</a> Class A</td><td>OKTA</td><td>-23.6%</td><td>$224.47</td><td>$294.00</td><td>02/12/2021</td><td>82%</td><td>$279.88</td><td>25%</td></tr><tr><td>Walt Disney Co.</td><td>DIS</td><td>-23.6%</td><td>$155.20</td><td>$203.02</td><td>03/08/2021</td><td>70%</td><td>$193.29</td><td>25%</td></tr><tr><td>Corning Inc.</td><td>GLW</td><td>-20.2%</td><td>$37.35</td><td>$46.82</td><td>04/26/2021</td><td>69%</td><td>$44.38</td><td>19%</td></tr><tr><td>Lamb Weston Holdings Inc.</td><td>LW</td><td>-28.0%</td><td>$62.22</td><td>$86.41</td><td>03/08/2021</td><td>78%</td><td>$73.29</td><td>18%</td></tr><tr></tr></tbody></table><p>Source: FactSet</p></body></html>","source":"lsy1603348471595","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>These stocks are down at least 20% from 2021 highs, but Wall Street sees them gaining as much as 87% in 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; 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See them below.A solid 2021, but look at  the cap-weightingThe benchmark S&P 500 index  has risen 27.4% during 2021, following a 16.3% in 2020 -- two years of pandemic and two years of double-digit gains. (All price changed in this article exclude dividends.)You probably know the S&P 500 is weighted by market capitalization, but you might not be aware of how extreme the weighting can be. Take a look at the weighting and performance of the top five companies held by the SPDR S&P 500 ETF Trust, which tracks the S&P 500. Together, they make up 23% of the fund's portfolio and the index:CompanyTickerPrice change -- 2021Share of SPYApple Inc.AAPL35.1%6.9%Microsoft Corp.MSFT53.4%6.3%Amazon.com Inc.AMZN4.8%3.7%Alphabet Inc. Class AGOOGL67.4%2.2%Tesla Inc.TSLA54.2%2.2%Alphabet Inc. Class CGOOG67.2%2.1%Source: FactSetSPY and the S&P 500 include two common-share classes for Alphabet Inc. (GOOGL) and two apiece for four other companies, for a total of 505 stocks.Stocks in bear markets that analysts loveFor a broader list of large-cap stocks listed in the U.S., including those of some of China's biggest internet players, we added the components of the Nasdaq-100 Index , comprised of the 100 largest Nasdaq-listed companies by market capitalization and tracked by the Invesco QQQ Trust.After removing duplicates, this left a list of 529 stocks.Within in the group, 94 are in a bear market -- that is, they were down at least 20% from their 2021 intraday highs through Dec. 28, according to data provided by FactSet.Among the 94, there are 30 with \"buy\" or equivalent ratings from at least two-thirds of analysts polled by FactSet. Here they are, sorted by the 12-month upside potential implied by the consensus price targets:CompanyTickerDecline from 2021 highClosing price -- Dec. 282021 highDate of 2021 highShare \"buy\" ratingsConsensus price targetImplied 12-month upside potentialPinduoduo Inc. ADR Class APDD-73.6%$56.04$212.6002/16/202176%$104.5487%Baidu Inc. ADR Class ABIDU-60.3%$140.88$354.8202/22/202183%$232.3265%JD.com Inc. ADR Class AJD-39.2%$65.87$108.2902/17/202194%$106.3061%MercadoLibre Inc.MELI-34.8%$1,316.28$2,020.0001/21/202187%$2,011.0053%Caesars Entertainment Inc.CZR-22.6%$92.78$119.8110/01/202194%$137.3648%Generac Holdings Inc.GNRC-33.6%$348.18$524.3111/02/202177%$514.1148%Alaska Air Group Inc.ALK-28.8%$52.90$74.2504/07/202193%$77.7147%PayPal Holdings Inc.PYPL-38.7%$190.10$310.1607/26/202184%$273.6544%CrowdStrike Holdings Inc. Class ACRWD-30.6%$207.23$298.4811/10/202186%$291.8841%Trip.com Group Ltd. ADRTCOM-48.5%$23.29$45.1903/17/202179%$32.7841%T-Mobile US Inc.TMUS-21.3%$118.16$150.2007/16/202181%$165.5140%Enphase Energy Inc.ENPH-33.9%$186.79$282.4611/22/202167%$260.9240%Global Payments Inc.GPN-38.8%$135.15$220.8104/26/202185%$188.4139%NetEase Inc. ADRNTES-27.7%$97.15$134.3302/11/202197%$134.5338%Activision Blizzard Inc.ATVI-36.2%$66.67$104.5302/16/202171%$90.8636%Southwest Airlines Co.LUV-34.7%$42.29$64.7504/14/202178%$57.3236%Fidelity National Information Services Inc.FIS-29.9%$109.29$155.9604/29/202174%$146.8634%Match Group Inc.MTCH-27.0%$132.94$182.0010/21/202168%$175.1132%Leidos Holdings Inc.LDOS-22.4%$88.26$113.7501/25/202171%$115.0030%WestRock Co.WRK-28.8%$44.19$62.0305/17/202167%$56.9229%Medtronic PLCMDT-23.1%$104.53$135.8909/09/202185%$134.5229%Teleflex Inc.TFX-26.6%$330.03$449.3804/28/202175%$424.1129%Zimmer Biomet Holdings Inc.ZBH-28.9%$128.21$180.3604/29/202168%$163.7128%PTC Inc.PTC-20.4%$122.34$153.7307/23/202171%$156.1528%Phillips 66PSX-21.6%$73.93$94.3406/10/202179%$93.5026%Boeing Co.BA-26.0%$206.13$278.5703/15/202173%$259.6126%Okta Inc. Class AOKTA-23.6%$224.47$294.0002/12/202182%$279.8825%Walt Disney Co.DIS-23.6%$155.20$203.0203/08/202170%$193.2925%Corning Inc.GLW-20.2%$37.35$46.8204/26/202169%$44.3819%Lamb Weston Holdings Inc.LW-28.0%$62.22$86.4103/08/202178%$73.2918%Source: 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Rising interest rates tend to make growth stocks less attractive to investors.</p>\n<p>“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.</p>\n<p>With banks benefiting from higher interest rates, the S&amp;P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.</p>\n<p>The S&amp;P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.</p>\n<p>An IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.</p>\n<p>The Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&amp;P 500 gained 0.17% to 4,690.7.</p>\n<p>The Nasdaq Composite dropped 0.5% to 15,775.14.</p>\n<p>After closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.</p>\n<p>The CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.</p>\n<p>The U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.</p>\n<p><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.</p>\n<p>Best Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.</p>\n<p>Chipmakers Micron Technology and Western Digital Corp&nbsp;rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.</p>\n<p>Volume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.</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>Nasdaq ends lower for second day as Big Tech loses ground</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\">\nNasdaq ends lower for second day as Big Tech loses ground\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-11-24 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Banks extend gains as yields rise</p>\n<p>* Factory activity expands in November</p>\n<p>* Tesla and Microsoft give back recent gains</p>\n<p>Nov 23 (Reuters) - The Nasdaq ended lower for a second straight session on Tuesday, while the S&amp;P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.</p>\n<p>The S&amp;P 500 growth index dipped 0.3% and the value index climbed 0.8%.</p>\n<p>Treasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.</p>\n<p>Tesla fell over 4% and Microsoft lost 0.6%, with the two companies dragging on the Nasdaq more than any other stocks. Rising interest rates tend to make growth stocks less attractive to investors.</p>\n<p>“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.</p>\n<p>With banks benefiting from higher interest rates, the S&amp;P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.</p>\n<p>The S&amp;P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.</p>\n<p>An IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.</p>\n<p>The Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&amp;P 500 gained 0.17% to 4,690.7.</p>\n<p>The Nasdaq Composite dropped 0.5% to 15,775.14.</p>\n<p>After closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.</p>\n<p>The CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.</p>\n<p>The U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.</p>\n<p><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.</p>\n<p>Best Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.</p>\n<p>Chipmakers Micron Technology and Western Digital Corp&nbsp;rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.</p>\n<p>Volume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500ETF","BK4528":"SaaS概念",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF","BK4516":"特朗普概念","UDOW":"道指三倍做多ETF-ProShares","BK4532":"文艺复兴科技持仓",".SPX":"S&P 500 Index","OEX":"标普100","QQQ":"纳指100ETF","BK4554":"元宇宙及AR概念","BK4534":"瑞士信贷持仓","IVV":"标普500指数ETF","BK4567":"ESG概念","DXD":"道指两倍做空ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","DDM":"道指两倍做多ETF","BK4566":"资本集团","BK4525":"远程办公概念","MSFT":"微软","SSO":"两倍做多标普500ETF","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","DJX":"1/100道琼斯","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4559":"巴菲特持仓","SPXU":"三倍做空标普500ETF","BK4550":"红杉资本持仓","SQQQ":"纳指三倍做空ETF","BK4503":"景林资产持仓","DOG":"道指反向ETF","SPY":"标普500ETF","BK4097":"系统软件","QLD":"纳指两倍做多ETF","BK4504":"桥水持仓","TSLA":"特斯拉","TQQQ":"纳指三倍做多ETF","SDOW":"道指三倍做空ETF-ProShares","OEF":"标普100指数ETF-iShares","BK4548":"巴美列捷福持仓","PSQ":"纳指反向ETF",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336565","content_text":"* Banks extend gains as yields rise\n* Factory activity expands in November\n* Tesla and Microsoft give back recent gains\nNov 23 (Reuters) - The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.\nThe S&P 500 growth index dipped 0.3% and the value index climbed 0.8%.\nTreasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.\nTesla fell over 4% and Microsoft lost 0.6%, with the two companies dragging on the Nasdaq more than any other stocks. Rising interest rates tend to make growth stocks less attractive to investors.\n“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.\nWith banks benefiting from higher interest rates, the S&P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.\nThe S&P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.\nAn IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.\nThe Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&P 500 gained 0.17% to 4,690.7.\nThe Nasdaq Composite dropped 0.5% to 15,775.14.\nAfter closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.\nThe CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.\nThe U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.\nZoom Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.\nBest Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.\nChipmakers Micron Technology and Western Digital Corp rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.\nThe S&P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.\nVolume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875288005,"gmtCreate":1637657982641,"gmtModify":1637657982641,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/META\">$Roundhill Ball Metaverse ETF(META)$</a>It's alright. Positive. Optimistic.&nbsp;","listText":"<a href=\"https://laohu8.com/S/META\">$Roundhill Ball Metaverse ETF(META)$</a>It's alright. Positive. Optimistic.&nbsp;","text":"$Roundhill Ball Metaverse ETF(META)$It's alright. Positive. Optimistic.","images":[{"img":"https://static.tigerbbs.com/04e6a32db2b69258c6035bba5168aec2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875288005","isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":875217600,"gmtCreate":1637657365304,"gmtModify":1637657365304,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Opportunity&nbsp;","listText":"Opportunity&nbsp;","text":"Opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875217600","repostId":"1116384605","repostType":4,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875215426,"gmtCreate":1637657146999,"gmtModify":1637657146999,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Cheaper&nbsp;","listText":"Cheaper&nbsp;","text":"Cheaper","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875215426","repostId":"1124284638","repostType":4,"repost":{"id":"1124284638","pubTimestamp":1637652084,"share":"https://www.laohu8.com/m/news/1124284638?lang=&edition=full","pubTime":"2021-11-23 15:21","market":"us","language":"en","title":"Cathie Wood Continues Profit-Booking In Tesla, Selling Another $210M Shares On Monday — Here Are The Other Key Trades","url":"https://stock-news.laohu8.com/highlight/detail?id=1124284638","media":"Benzinga","summary":"Cathie Wood-led investment management firm Ark Invest on Monday sold 182,283 shares —estimated to be","content":"<p><b>Cathie Wood</b>-led investment management firm&nbsp;<b>Ark Invest</b>&nbsp;on Monday sold 182,283 shares —estimated to be worth $210.87 million — in&nbsp;<b>Tesla Inc</b>(NASDAQ:TSLA), booking more profit in the electric vehicle stock as it continues to rise after recentlyjoining the $1 trillion market capitalizationclub.</p>\n<p>Tesla shares rose nearly 4% on Monday to close 1.74% higher at $1,156.87 a share on Monday. The stock has risen 58.5% year-to-date.</p>\n<p>The St. Petersburg, Florida-based Ark Invest has been booking profit in the stock since early September when shares of the&nbsp;<b>ElonMusk</b>-led company started rising after months of sluggish performance.</p>\n<p>Including the latest sale, the popular money managing firm has sold about $2.21 billion worth of shares in Tesla since the start of September.</p>\n<p>Tesla continues to be Ark Invest's biggest bet across ETFs — a stock it predicts would hit the$3,000 mark by the end of 2025.</p>\n<p>Ark Invest sold Tesla shares via the&nbsp;<b>Ark Innovation ETF</b>(NYSE:ARKK), the&nbsp;<b>Ark Next Generation Internet ETF</b>(NYSE:ARKW) and the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) on Monday.&nbsp;No other ARK Invest ETF owns shares in Tesla.</p>\n<p>Ahead of Monday’s trade, the three ETFs together held a total of 2.74 million shares — estimated to be worth $3.16 billion — in the electric vehicle company.</p>\n<p>Here are a few other key trades for Ark on Monday:</p>\n<ul>\n <li>Sold 273,725 shares — estimated to be worth $8.35 million — in&nbsp;<b>Facebook Inc</b>(NASDAQ:FB). Stock closed 1.24% lower at $341.01 a share on Monday.</li>\n <li>Bought 404,371 shares — estimated to be worth $8.35 million — in&nbsp;<b>Palantir Technologies Inc</b>(NYSE:PLTR). Stock closed 3.55% lower at $20.65 a share on Monday.</li>\n <li>Bought 202,661 shares — estimated to be worth $46.8 million — in&nbsp;<b>Roku Inc</b>(NASDAQ:ROKU). Stock closed 1.33% lower at $230.98 a share.</li>\n <li>Bought 474,219 shares — estimated to be worth $17.44 million — in&nbsp;<b>DraftKings Inc</b>(NASDAQ:DKNG). Stock closed 1.80% higher at $36.79 a share.</li>\n <li>Bought 79,418 shares — estimated to be worth $25 million — in&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN) on the dip. The stock closed 5.13% lower at $315.48 a share.</li>\n</ul>","source":"lsy1606299360108","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>Cathie Wood Continues Profit-Booking In Tesla, Selling Another $210M Shares On Monday — Here Are The Other Key Trades</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\">\nCathie Wood Continues Profit-Booking In Tesla, Selling Another $210M Shares On Monday — Here Are The Other Key Trades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-23 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/21/11/24241400/cathie-wood-continues-profit-booking-in-tesla-selling-another-210m-shares-on-monday-here><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led investment management firm Ark Invest on Monday sold 182,283 shares —estimated to be worth $210.87 million — in Tesla Inc(NASDAQ:TSLA), booking more profit in the electric vehicle ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/11/24241400/cathie-wood-continues-profit-booking-in-tesla-selling-another-210m-shares-on-monday-here\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/11/24241400/cathie-wood-continues-profit-booking-in-tesla-selling-another-210m-shares-on-monday-here","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124284638","content_text":"Cathie Wood-led investment management firm Ark Invest on Monday sold 182,283 shares —estimated to be worth $210.87 million — in Tesla Inc(NASDAQ:TSLA), booking more profit in the electric vehicle stock as it continues to rise after recentlyjoining the $1 trillion market capitalizationclub.\nTesla shares rose nearly 4% on Monday to close 1.74% higher at $1,156.87 a share on Monday. The stock has risen 58.5% year-to-date.\nThe St. Petersburg, Florida-based Ark Invest has been booking profit in the stock since early September when shares of the ElonMusk-led company started rising after months of sluggish performance.\nIncluding the latest sale, the popular money managing firm has sold about $2.21 billion worth of shares in Tesla since the start of September.\nTesla continues to be Ark Invest's biggest bet across ETFs — a stock it predicts would hit the$3,000 mark by the end of 2025.\nArk Invest sold Tesla shares via the Ark Innovation ETF(NYSE:ARKK), the Ark Next Generation Internet ETF(NYSE:ARKW) and the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) on Monday. No other ARK Invest ETF owns shares in Tesla.\nAhead of Monday’s trade, the three ETFs together held a total of 2.74 million shares — estimated to be worth $3.16 billion — in the electric vehicle company.\nHere are a few other key trades for Ark on Monday:\n\nSold 273,725 shares — estimated to be worth $8.35 million — in Facebook Inc(NASDAQ:FB). Stock closed 1.24% lower at $341.01 a share on Monday.\nBought 404,371 shares — estimated to be worth $8.35 million — in Palantir Technologies Inc(NYSE:PLTR). Stock closed 3.55% lower at $20.65 a share on Monday.\nBought 202,661 shares — estimated to be worth $46.8 million — in Roku Inc(NASDAQ:ROKU). Stock closed 1.33% lower at $230.98 a share.\nBought 474,219 shares — estimated to be worth $17.44 million — in DraftKings Inc(NASDAQ:DKNG). Stock closed 1.80% higher at $36.79 a share.\nBought 79,418 shares — estimated to be worth $25 million — in Coinbase Global Inc(NASDAQ:COIN) on the dip. The stock closed 5.13% lower at $315.48 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875655351,"gmtCreate":1637648452498,"gmtModify":1637648452633,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875655351","repostId":"1183083733","repostType":4,"repost":{"id":"1183083733","pubTimestamp":1637639124,"share":"https://www.laohu8.com/m/news/1183083733?lang=&edition=full","pubTime":"2021-11-23 11:45","market":"us","language":"en","title":"Apple: Widening Its Moat","url":"https://stock-news.laohu8.com/highlight/detail?id=1183083733","media":"Seeking Alpha","summary":"Summary\n\nWe still must question if Apple has a wide economic moat, but in the last few years the com","content":"<p><b>Summary</b></p>\n<ul>\n <li>We still must question if Apple has a wide economic moat, but in the last few years the company could definitely widen its moat.</li>\n <li>Not only did Apple start paying a dividend nine years ago, but the company also reduced the number of outstanding shares with a high pace.</li>\n <li>The stock is fairly valued right now, but it is depending a lot on the growth rates Apple can achieve in the years to come.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eee640d38ca964a8a25d978d1f858293\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>AleksandarNakic/iStock Unreleased via Getty Images</span></p>\n<p>When you are familiar with my past articles, you probably know my focus on companies with a wide economic moat. In the last five years I covered several small and rather unknown companies, but I also covered the biggest (by market capitalization) and well-known companies in the world like Amazon(NASDAQ:AMZN), Facebook(NASDAQ:FB), Alphabet(NASDAQ:GOOG)or Microsoft(NASDAQ:MSFT). One company I have never written about is the company, that was the most valuable company by market capitalization for quite some time (now surpassed by Microsoft): Apple Inc.(NASDAQ:AAPL).</p>\n<p>And there is a reason why I did not cover Apple: I always had doubts if Apple really has a wide economic moat around its business. Without any doubt, Apple is a great business and I use many of their products (this article is typed on my MacBook). And Apple has also been a great investment for almost everybody that bought in the past - and those investors that held the stock for 15 years or more got extremely rich. In 2016, even Warren Buffett, who is known to be very skeptic towards technology companies, invested in Apple and increased his stake over time. Berkshire Hathaway(NYSE:BRK.A)is holding 887 million shares right now.</p>\n<p>But in the past, I had my doubts if Apple has a wide economic moat, and this was the reason I skipped Apple. However, I see tendencies of Apple becoming a more and more \"moaty\" business and in the following article, we will take a closer look at the company and the stock.</p>\n<p><b>Business</b></p>\n<p>I don't think Apple needs any introduction and therefore we are just focusing on some important numbers. Despite seeing some fluctuations over the years, Apple could increase revenue, earnings per share and free cash flow with a solid pace over the last ten years. While revenue and free cash flow increased with a CAGR between 9% and 10%, earnings per share increased even with a CAGR of 15% in the last ten years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/463a85a56a8ddbaa8a13ab6871019c1f\" tg-width=\"640\" tg-height=\"400\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on numbers from Morningstar</span></p>\n<p>When looking at the last annual results, we also see impressive growth rates in fiscal 2021. Total net sales increased from $274,515 million in fiscal 2020 to $365,817 million in fiscal 2021 - reflecting an increase of 33.3% year-over-year. While product sales increased from $220,747 million in fiscal 2020 to $297,392 million in fiscal 2021 (34.7% growth), services sales increased from $53,768 million to $68,425 million (27.3% growth). When looking at the different categories, the iPhone is still responsible for the biggest part of revenue ($191,973 million; 52.5% of total sales). The second-biggest category are now \"Service\" sales ($68,425 million), which account for 18.7% of total revenue.</p>\n<p>Operating income increased from $66,288 million in fiscal 2020 to $108,949 million in fiscal 2021 - an increase of 64.4% and diluted earnings per share increased from $3.28 to $5.61 - an increase of 71.0%. Aside from the numbers, it is also worth pointing out, that revenue was $1.62 billion lower than analysts expected. For the first time since 2017, Apple missed quarterly revenue expectations.</p>\n<p><b>Shift to Services</b></p>\n<p>When trying to answer the question if Apple has a wide economic moat, we might start once again by describing what an economic moat is (and what it is not). A company does not have an economic moat just because it was successful in the past years or decades and could report impressive growth rates.</p>\n<p>An economic moat is a structural characteristic of the business, that makes it extremely hard to almost impossible for competitors to take market shares away. Apple is generating most of its revenue from products with a rather short product lifecycle and every time the consumer is buying a new smartphone, tablet or laptop the customer has the choice to buy another Apple product or chose the product of a competitor. The question right now is if Apple can \"force\" customers again and again to buy its products.</p>\n<p>When looking at the growth rates during the last decade (see section above) in combination with the solid gross margin and operating margin as well as high return on invested capital during the last ten years, we have several strong hints, that Apple might have a wide economic moat.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d459610d32e716c99ce90eec8d2eacdc\" tg-width=\"640\" tg-height=\"368\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on numbers from Morningstar</span></p>\n<p>The gross margin has been fluctuating a bit, but it was more or less stable around 40% and while the operating margin was rather declining for several years until 2019, it recently improved again. And an average return on invested capital of 29.94% during the last ten years is without any doubt impressive. Additionally, the outperformance of Apple vs. the S&amp;P 500(NYSEARCA:SPY)is another strong hint for a wide economic moat of Apple.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcf35a5e59441bb44d46fd0be5aa6dd1\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>But the problem remains, that Apple is extremely dependent on its iPhone sales and if the iPhone is suddenly sold less or should become irrelevant by some other product, Apple would face a huge problem. One might argue that customers will choose Apple again and again due to the superiority of the products. But that is not an economic moat as Apple could fail to deliver great products and competitors might come up with better improvements and maybe offer better products even cheaper. And like Apple itself created an existential threat for Nokia Corporation(NYSE:NOK)&nbsp;in 2007, another company could come up with an innovative product replacing the smartphones as we know it.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf3dd42bc3be52653a0caa54efa1111e\" tg-width=\"640\" tg-height=\"358\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on Apple's 10-Ks</span></p>\n<p>In the last few years however, iPhone sales were decreasing (in relation to total sales), while revenue from services was increasing. In 2018, about 62% of revenue stemmed from iPhone sales - three years later (in 2021) only 52.5% of total sales stemmed from iPhone sales. In the same timeframe, service sales have increased from 15% in 2018 to 18.7% in 2021.</p>\n<p>Service sales are including revenue from the app store, Apple music, Apple Pay or Apple TV+ and these sales can be seen as more consistent than iPhone sales as we are dealing with subscription models, and this is leading to more consistent revenue streams. And it might also help iPhone sales to be more consistent. If I have paid for several apps, maybe use Apple Music (although there are many other similar providers to which I can switch) and have stored my data in Apple's cloud, the incentive is much higher to buy an iPhone again to be able to use the services in a similar way.</p>\n<p>These switching costs are also increasing as Apple is selling more and more additional hardware devices. Sales from \"Wearables, Home and Accessories\" increased from 6.54% of total sales in 2018 to 10.49%. And customers who own not only an iPhone, but also a Mac and Apple Watch or Apple TVs are less likely to switch away from the Apple ecosystem. And the Apple ecosystem is also the key to its (wide) economic moat. The better the ecosystem, the higher the incentives to stay within the ecosystem. Switching costs are getting higher and higher when several services and products are embedded in such a way, that I can use them only in a reasonable way when I keep all these products.</p>\n<p>Warren Buffett is also famous for focusing on businesses, in which he can invest for the long run (several decades) and as he is the one who coined the term \"economic moat\" it should not be surprising that Berkshire Hathaway is focusing on businesses with a wide economic moat. And not only is Apple the biggest position in Berkshire's stock portfolio, but Buffett also spoke quite positive about Apple during the last shareholder meeting. Buffett mentioned the extremely loyal customer base, which might be less price conscious than the customers of rivals. He also pointed out, that Apple plays a huge role in the life of the customers and that people absolutely love Apple products. While this could point towards embeddedness, which is the source of a moat (switching costs), we also must be careful if we are not just describing a trend (which can last for several years, but suddenly also vanish). Owning an iPhone could be like a fashion trend, which is a must-have in one year and out in the next. Of course, the brand name also plays a role and could also be the source of a wide economic moat. I don't want to deny, that people might actually pay a higher price for Apple products and in many rankings (for example&nbsp;Interbrand), Apple is seen as the most valuable brands in the world.</p>\n<p>In the end, I think Apple's economic moat is getting stronger, but I still have my doubts, if Apple is fitting the description of a wide economic moat business.</p>\n<p><b>Balance Sheet</b></p>\n<p>Apple is also known for having a great balance sheet with little debt and a lot of cash and cash equivalents. And Apple still has an outstanding balance sheet - however it is not so impressive anymore. On September 25, 2021, Apple had $9,613 million in short-term debt and $109,106 million in long-term debt. Compared to a total shareholder's equity of $63,090 million this is resulting in a D/E ratio of 1.88 and twice the amount of debt than equity can be called rather high. However, when comparing the total debt to the operating income Apple can generate annually ($108,949 million in fiscal 2021), it would take only about one year to repay the total debt - and there is no reason to worry about the company's debt levels.</p>\n<p>But Apple has not only high debt levels on its balance sheet - the company also has $34,940 million in cash and cash equivalents, $27,699 million in current marketable securities and $127,877 million in non-current marketable securities. And when considering, that about 36% of total assets ($351,002 million) are in huge parts very liquid and \"high-quality\" assets (compared to goodwill for example, which Apple doesn't have any), Apple's balance sheet can be seen as great.</p>\n<p><b>Dividend and Share Buybacks</b></p>\n<p>As Apple became more and more a mature company (it is now almost 40 years old and one of the major corporations in the world), it is also not surprising for management to start paying a dividend. When companies are generating high amounts of free cash flow as there are not enough growth opportunities or potential acquisition targets, cash is often distributed to investors via dividends.</p>\n<p>Apple is already paying a dividend for nine years now and the company also increased the dividend every single year. We also should point out, that Apple has paid a dividend before: Until 1995, Apple paid a regular dividend, but between 1995 and 2012 no dividend was paid. In the last five years the dividend growth rate was 9.30% annually on average. Right now, Apple is paying a quarterly dividend of $0.22 resulting in an annual dividend of $0.88 and a dividend yield of only 0.58%. When using $5.61 in earnings per share (fiscal 2021), we get a payout ratio of 15.7% and should therefore not be worried about the dividend being sustainable or question the possibility of dividend increases in the years to come.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e8b6c8767010ede92e0c1f7a090bf11\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>Almost at the same time as Apple started paying a quarterly dividend, the company also started using share buybacks as another tool to distribute cash to shareholders. In 2013, the number of outstanding shares peaked and in the last eight years Apple reduced the number of outstanding shares from 26.52 billion to 16.64 billion right now. As a result, Apple reduced the number of outstanding shares with a CAGR of 5.2% and share buybacks contributed a lot to Apple's bottom-line growth in the last few years.</p>\n<p>And about six months ago, during the&nbsp;second quarter earnings call, Apple announced:</p>\n<blockquote>\n Given the confidence we have in our business today and into the future, our Board has authorized an additional $90 billion for share repurchases.\n</blockquote>\n<p>In the third quarter, Apple repurchased about $17.5 billion worth of shares and in the fourth quarter, the company repurchased about $20 billion worth of shares. Therefore, about $52.5 billion are remaining for share repurchases but considering the high amounts of free cash flow Apple is generating every single year (almost $93 billion last year), we can be confident that Apple will continue to repurchase shares with a similar pace in the years to come.</p>\n<p><b>Intrinsic Value Calculation</b></p>\n<p>When trying to answer the question, if Apple is a good investment right now (or cheap), we can look at the price-earnings ratio. Right now, Apple is trading for 29.32 times earnings, which is one of the highest ratios for Apple in the last ten years. The average P/E ratio for Apple was 17.67 during the last ten years. The picture for the price-free-cash-flow ratio is similar. Right now, Apple is trading for 26.90 times free cash flow, while the 10-year average was 15.36.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/83a0a17ab6d91e765a520a938863ec1f\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>And when looking at the P/E ratios some other companies are trading for, a ratio in the high 20s seems not so extreme. But we also must keep in mind, how extremely overvalued the market is right now. And we still need to answer the question, why Apple should deserve a much higher P/E ratio now than in the past few years. One could argue that the shift towards service sales and the higher stickiness would justify a higher valuation multiple for Apple. Considering past growth rates (double-digit growth rates), we can also argue, that past valuation multiples might not have been representative of Apple's growth potential. But we also must keep in mind, that we are mostly talking about the last 15 years when talking about the extremely successful company we associate with Apple today.</p>\n<p>Many other companies I covered over the years with a wide economic moat have been successful and highly profitable for much longer timeframes and demonstrated much higher levels of stability and consistency.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c051adebf79173785b07eb23bc73521d\" tg-width=\"640\" tg-height=\"295\" width=\"100%\" height=\"auto\"><span>Source: Author's work</span></p>\n<p>And we clearly see growth rates slowing down, but the 10-year CAGR for earnings per share in fiscal 2021 was still 18.94% - an extremely high growth rate, most businesses never achieve.</p>\n<p>When using a discount cash flow calculation to determine an intrinsic value for Apple, we can use the free cash flow of the last four quarters ($92,953 million). In order to be fairly valued, Apple has to grow more than 6% annually from now till perpetuity. And when looking at the CAGR in the last ten years as well as the CAGR between 1990 and today (18.38% annual growth on average), which is including the 1990s in which Apple struggled, it seems almost laughable to argue if Apple can achieve 6% growth annually.</p>\n<p>But we also must keep the scenario in mind, that Apple's iPhone sales might decline, which could create a huge problem - and that risk is most likely the reason why Apple has always been trading at rather low valuation multiples - despite extremely impressive growth rates.</p>\n<p>One final argument: Since 2013, Apple decreased the number of outstanding shares about 5% annually, which is by itself almost enough to increase the bottom line 6% annually. Of course, Apple will probably generate less free cash flow if iPhone sales should decline, but 6% growth seem achievable.</p>\n<p><b>Conclusion</b></p>\n<p>While I still have my doubts if Apple has a wide economic moat around its business, we are clearly talking about a great business, which will most likely continue to outperform in the years to come. And although Apple is diversifying and creating a business, that is becoming more and more sticky for its customers, I still see the risk of the iPhone and iPad suddenly getting replaced by better and completely new products, which could generate a huge problem for Apple. And although Apple has proven again and again, that it is a visionary company with enormous amounts of cash to spend on R&amp;D and although it is seen as the most innovative company in the world (ranked by Boston Consulting Group), I don't know if the company has the necessary defensibility to protect its revenue stream against some (potential) innovation replacing the iPhone. And without these levels of defensibility, we must question if Apple can be called a wide economic moat company - although the moat is getting stronger from year to year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Widening Its Moat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Widening Its Moat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-23 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4471157-apple-widening-its-moat><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWe still must question if Apple has a wide economic moat, but in the last few years the company could definitely widen its moat.\nNot only did Apple start paying a dividend nine years ago, but...</p>\n\n<a href=\"https://seekingalpha.com/article/4471157-apple-widening-its-moat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4471157-apple-widening-its-moat","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183083733","content_text":"Summary\n\nWe still must question if Apple has a wide economic moat, but in the last few years the company could definitely widen its moat.\nNot only did Apple start paying a dividend nine years ago, but the company also reduced the number of outstanding shares with a high pace.\nThe stock is fairly valued right now, but it is depending a lot on the growth rates Apple can achieve in the years to come.\n\nAleksandarNakic/iStock Unreleased via Getty Images\nWhen you are familiar with my past articles, you probably know my focus on companies with a wide economic moat. In the last five years I covered several small and rather unknown companies, but I also covered the biggest (by market capitalization) and well-known companies in the world like Amazon(NASDAQ:AMZN), Facebook(NASDAQ:FB), Alphabet(NASDAQ:GOOG)or Microsoft(NASDAQ:MSFT). One company I have never written about is the company, that was the most valuable company by market capitalization for quite some time (now surpassed by Microsoft): Apple Inc.(NASDAQ:AAPL).\nAnd there is a reason why I did not cover Apple: I always had doubts if Apple really has a wide economic moat around its business. Without any doubt, Apple is a great business and I use many of their products (this article is typed on my MacBook). And Apple has also been a great investment for almost everybody that bought in the past - and those investors that held the stock for 15 years or more got extremely rich. In 2016, even Warren Buffett, who is known to be very skeptic towards technology companies, invested in Apple and increased his stake over time. Berkshire Hathaway(NYSE:BRK.A)is holding 887 million shares right now.\nBut in the past, I had my doubts if Apple has a wide economic moat, and this was the reason I skipped Apple. However, I see tendencies of Apple becoming a more and more \"moaty\" business and in the following article, we will take a closer look at the company and the stock.\nBusiness\nI don't think Apple needs any introduction and therefore we are just focusing on some important numbers. Despite seeing some fluctuations over the years, Apple could increase revenue, earnings per share and free cash flow with a solid pace over the last ten years. While revenue and free cash flow increased with a CAGR between 9% and 10%, earnings per share increased even with a CAGR of 15% in the last ten years.\nSource: Author's work based on numbers from Morningstar\nWhen looking at the last annual results, we also see impressive growth rates in fiscal 2021. Total net sales increased from $274,515 million in fiscal 2020 to $365,817 million in fiscal 2021 - reflecting an increase of 33.3% year-over-year. While product sales increased from $220,747 million in fiscal 2020 to $297,392 million in fiscal 2021 (34.7% growth), services sales increased from $53,768 million to $68,425 million (27.3% growth). When looking at the different categories, the iPhone is still responsible for the biggest part of revenue ($191,973 million; 52.5% of total sales). The second-biggest category are now \"Service\" sales ($68,425 million), which account for 18.7% of total revenue.\nOperating income increased from $66,288 million in fiscal 2020 to $108,949 million in fiscal 2021 - an increase of 64.4% and diluted earnings per share increased from $3.28 to $5.61 - an increase of 71.0%. Aside from the numbers, it is also worth pointing out, that revenue was $1.62 billion lower than analysts expected. For the first time since 2017, Apple missed quarterly revenue expectations.\nShift to Services\nWhen trying to answer the question if Apple has a wide economic moat, we might start once again by describing what an economic moat is (and what it is not). A company does not have an economic moat just because it was successful in the past years or decades and could report impressive growth rates.\nAn economic moat is a structural characteristic of the business, that makes it extremely hard to almost impossible for competitors to take market shares away. Apple is generating most of its revenue from products with a rather short product lifecycle and every time the consumer is buying a new smartphone, tablet or laptop the customer has the choice to buy another Apple product or chose the product of a competitor. The question right now is if Apple can \"force\" customers again and again to buy its products.\nWhen looking at the growth rates during the last decade (see section above) in combination with the solid gross margin and operating margin as well as high return on invested capital during the last ten years, we have several strong hints, that Apple might have a wide economic moat.\nSource: Author's work based on numbers from Morningstar\nThe gross margin has been fluctuating a bit, but it was more or less stable around 40% and while the operating margin was rather declining for several years until 2019, it recently improved again. And an average return on invested capital of 29.94% during the last ten years is without any doubt impressive. Additionally, the outperformance of Apple vs. the S&P 500(NYSEARCA:SPY)is another strong hint for a wide economic moat of Apple.\nData by YCharts\nBut the problem remains, that Apple is extremely dependent on its iPhone sales and if the iPhone is suddenly sold less or should become irrelevant by some other product, Apple would face a huge problem. One might argue that customers will choose Apple again and again due to the superiority of the products. But that is not an economic moat as Apple could fail to deliver great products and competitors might come up with better improvements and maybe offer better products even cheaper. And like Apple itself created an existential threat for Nokia Corporation(NYSE:NOK) in 2007, another company could come up with an innovative product replacing the smartphones as we know it.\nSource: Author's work based on Apple's 10-Ks\nIn the last few years however, iPhone sales were decreasing (in relation to total sales), while revenue from services was increasing. In 2018, about 62% of revenue stemmed from iPhone sales - three years later (in 2021) only 52.5% of total sales stemmed from iPhone sales. In the same timeframe, service sales have increased from 15% in 2018 to 18.7% in 2021.\nService sales are including revenue from the app store, Apple music, Apple Pay or Apple TV+ and these sales can be seen as more consistent than iPhone sales as we are dealing with subscription models, and this is leading to more consistent revenue streams. And it might also help iPhone sales to be more consistent. If I have paid for several apps, maybe use Apple Music (although there are many other similar providers to which I can switch) and have stored my data in Apple's cloud, the incentive is much higher to buy an iPhone again to be able to use the services in a similar way.\nThese switching costs are also increasing as Apple is selling more and more additional hardware devices. Sales from \"Wearables, Home and Accessories\" increased from 6.54% of total sales in 2018 to 10.49%. And customers who own not only an iPhone, but also a Mac and Apple Watch or Apple TVs are less likely to switch away from the Apple ecosystem. And the Apple ecosystem is also the key to its (wide) economic moat. The better the ecosystem, the higher the incentives to stay within the ecosystem. Switching costs are getting higher and higher when several services and products are embedded in such a way, that I can use them only in a reasonable way when I keep all these products.\nWarren Buffett is also famous for focusing on businesses, in which he can invest for the long run (several decades) and as he is the one who coined the term \"economic moat\" it should not be surprising that Berkshire Hathaway is focusing on businesses with a wide economic moat. And not only is Apple the biggest position in Berkshire's stock portfolio, but Buffett also spoke quite positive about Apple during the last shareholder meeting. Buffett mentioned the extremely loyal customer base, which might be less price conscious than the customers of rivals. He also pointed out, that Apple plays a huge role in the life of the customers and that people absolutely love Apple products. While this could point towards embeddedness, which is the source of a moat (switching costs), we also must be careful if we are not just describing a trend (which can last for several years, but suddenly also vanish). Owning an iPhone could be like a fashion trend, which is a must-have in one year and out in the next. Of course, the brand name also plays a role and could also be the source of a wide economic moat. I don't want to deny, that people might actually pay a higher price for Apple products and in many rankings (for example Interbrand), Apple is seen as the most valuable brands in the world.\nIn the end, I think Apple's economic moat is getting stronger, but I still have my doubts, if Apple is fitting the description of a wide economic moat business.\nBalance Sheet\nApple is also known for having a great balance sheet with little debt and a lot of cash and cash equivalents. And Apple still has an outstanding balance sheet - however it is not so impressive anymore. On September 25, 2021, Apple had $9,613 million in short-term debt and $109,106 million in long-term debt. Compared to a total shareholder's equity of $63,090 million this is resulting in a D/E ratio of 1.88 and twice the amount of debt than equity can be called rather high. However, when comparing the total debt to the operating income Apple can generate annually ($108,949 million in fiscal 2021), it would take only about one year to repay the total debt - and there is no reason to worry about the company's debt levels.\nBut Apple has not only high debt levels on its balance sheet - the company also has $34,940 million in cash and cash equivalents, $27,699 million in current marketable securities and $127,877 million in non-current marketable securities. And when considering, that about 36% of total assets ($351,002 million) are in huge parts very liquid and \"high-quality\" assets (compared to goodwill for example, which Apple doesn't have any), Apple's balance sheet can be seen as great.\nDividend and Share Buybacks\nAs Apple became more and more a mature company (it is now almost 40 years old and one of the major corporations in the world), it is also not surprising for management to start paying a dividend. When companies are generating high amounts of free cash flow as there are not enough growth opportunities or potential acquisition targets, cash is often distributed to investors via dividends.\nApple is already paying a dividend for nine years now and the company also increased the dividend every single year. We also should point out, that Apple has paid a dividend before: Until 1995, Apple paid a regular dividend, but between 1995 and 2012 no dividend was paid. In the last five years the dividend growth rate was 9.30% annually on average. Right now, Apple is paying a quarterly dividend of $0.22 resulting in an annual dividend of $0.88 and a dividend yield of only 0.58%. When using $5.61 in earnings per share (fiscal 2021), we get a payout ratio of 15.7% and should therefore not be worried about the dividend being sustainable or question the possibility of dividend increases in the years to come.\nData by YCharts\nAlmost at the same time as Apple started paying a quarterly dividend, the company also started using share buybacks as another tool to distribute cash to shareholders. In 2013, the number of outstanding shares peaked and in the last eight years Apple reduced the number of outstanding shares from 26.52 billion to 16.64 billion right now. As a result, Apple reduced the number of outstanding shares with a CAGR of 5.2% and share buybacks contributed a lot to Apple's bottom-line growth in the last few years.\nAnd about six months ago, during the second quarter earnings call, Apple announced:\n\n Given the confidence we have in our business today and into the future, our Board has authorized an additional $90 billion for share repurchases.\n\nIn the third quarter, Apple repurchased about $17.5 billion worth of shares and in the fourth quarter, the company repurchased about $20 billion worth of shares. Therefore, about $52.5 billion are remaining for share repurchases but considering the high amounts of free cash flow Apple is generating every single year (almost $93 billion last year), we can be confident that Apple will continue to repurchase shares with a similar pace in the years to come.\nIntrinsic Value Calculation\nWhen trying to answer the question, if Apple is a good investment right now (or cheap), we can look at the price-earnings ratio. Right now, Apple is trading for 29.32 times earnings, which is one of the highest ratios for Apple in the last ten years. The average P/E ratio for Apple was 17.67 during the last ten years. The picture for the price-free-cash-flow ratio is similar. Right now, Apple is trading for 26.90 times free cash flow, while the 10-year average was 15.36.\nData by YCharts\nAnd when looking at the P/E ratios some other companies are trading for, a ratio in the high 20s seems not so extreme. But we also must keep in mind, how extremely overvalued the market is right now. And we still need to answer the question, why Apple should deserve a much higher P/E ratio now than in the past few years. One could argue that the shift towards service sales and the higher stickiness would justify a higher valuation multiple for Apple. Considering past growth rates (double-digit growth rates), we can also argue, that past valuation multiples might not have been representative of Apple's growth potential. But we also must keep in mind, that we are mostly talking about the last 15 years when talking about the extremely successful company we associate with Apple today.\nMany other companies I covered over the years with a wide economic moat have been successful and highly profitable for much longer timeframes and demonstrated much higher levels of stability and consistency.\nSource: Author's work\nAnd we clearly see growth rates slowing down, but the 10-year CAGR for earnings per share in fiscal 2021 was still 18.94% - an extremely high growth rate, most businesses never achieve.\nWhen using a discount cash flow calculation to determine an intrinsic value for Apple, we can use the free cash flow of the last four quarters ($92,953 million). In order to be fairly valued, Apple has to grow more than 6% annually from now till perpetuity. And when looking at the CAGR in the last ten years as well as the CAGR between 1990 and today (18.38% annual growth on average), which is including the 1990s in which Apple struggled, it seems almost laughable to argue if Apple can achieve 6% growth annually.\nBut we also must keep the scenario in mind, that Apple's iPhone sales might decline, which could create a huge problem - and that risk is most likely the reason why Apple has always been trading at rather low valuation multiples - despite extremely impressive growth rates.\nOne final argument: Since 2013, Apple decreased the number of outstanding shares about 5% annually, which is by itself almost enough to increase the bottom line 6% annually. Of course, Apple will probably generate less free cash flow if iPhone sales should decline, but 6% growth seem achievable.\nConclusion\nWhile I still have my doubts if Apple has a wide economic moat around its business, we are clearly talking about a great business, which will most likely continue to outperform in the years to come. And although Apple is diversifying and creating a business, that is becoming more and more sticky for its customers, I still see the risk of the iPhone and iPad suddenly getting replaced by better and completely new products, which could generate a huge problem for Apple. And although Apple has proven again and again, that it is a visionary company with enormous amounts of cash to spend on R&D and although it is seen as the most innovative company in the world (ranked by Boston Consulting Group), I don't know if the company has the necessary defensibility to protect its revenue stream against some (potential) innovation replacing the iPhone. And without these levels of defensibility, we must question if Apple can be called a wide economic moat company - although the moat is getting stronger from year to year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875655915,"gmtCreate":1637648391022,"gmtModify":1637648391022,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875655915","repostId":"1104059053","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875030977,"gmtCreate":1637585252801,"gmtModify":1637585253505,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875030977","repostId":"1138970454","repostType":2,"isVote":1,"tweetType":1,"viewCount":380,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875094067,"gmtCreate":1637585018258,"gmtModify":1637585018258,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875094067","repostId":"1148656470","repostType":2,"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":691980684,"gmtCreate":1640124716272,"gmtModify":1640124716428,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Am happy&nbsp;","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>Am happy&nbsp;","text":"$Tesla Motors(TSLA)$Am happy","images":[{"img":"https://static.tigerbbs.com/50a2a06fde293ba4c3b1cfa4815f38b0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/691980684","isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":876372465,"gmtCreate":1637278262215,"gmtModify":1637278262215,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876372465","repostId":"1185082595","repostType":4,"repost":{"id":"1185082595","pubTimestamp":1637276340,"share":"https://www.laohu8.com/m/news/1185082595?lang=&edition=full","pubTime":"2021-11-19 06:59","market":"us","language":"en","title":"S&P 500, Nasdaq hit record closing highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1185082595","media":"Reuters","summary":"(Reuters) - The S&P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corpo","content":"<p>(Reuters) - The S&amp;P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, while Turkey's lira weakened further after its central bank cut rates.</p>\n<p>MSCI's gauge of stocks across the globe was flat, and the Dow Jones industrial average ended lower.Nvidia's stock jumped and was among the biggest supports for the S&amp;P 500 and Nasdaq after it beat quarterly estimates and forecast strong fourth-quarter revenue. Macy's(M.N)shares shot up 21.2% after it raised its earnings outlook.</p>\n<p>On the flip side, <a href=\"https://laohu8.com/S/CSCO\">Cisco Systems</a>&nbsp;shares fell 5.5%, a day after it forecast current-quarter revenue below expectations due to supply chain shortages and delays. It was the latest in a growing list of U.S. companies citing supply chain problems.</p>\n<p>Investors have been concerned over further increases in price pressures. Retail giant <a href=\"https://laohu8.com/S/TGT\">Target</a>&nbsp;warned of higher costs earlier this week.</p>\n<p>New York Federal Reserve Bank President John Williams said Thursday that inflation is becoming more broad-based and that expectations for future price increases are rising.</p>\n<p>The Dow Jones Industrial Average(.DJI)&nbsp;fell 60.1 points, or 0.17%, to 35,870.95, the S&amp;P 500(.SPX)gained 15.87 points, or 0.34%, to 4,704.54 and the Nasdaq Composite(.IXIC)&nbsp;added 72.14 points, or 0.45%, to 15,993.71.</p>\n<p>The pan-European STOXX 600 index(.STOXX)lost 0.46% and MSCI's gauge of stocks across the globe(.MIWD00000PUS)gained 0.03%.</p>\n<p>Turkey's lira shed another 2.83% after its central bank cut rates by 100 basis points to 15%, even in the face of inflation near 20%, sending the Turkish currency hurtling southward.</p>\n<p>\"The lira remains a punching bag, and further weakness has no end in sight,\" said Edward Moya, senior market analyst at Oanda.</p>\n<p>The lira has lost around 11.5% of its value this month amid President Tayyip Erdogan's renewed criticism of interest rates and calls for stimulus despite the risks. It was last at 10.909, having earlier hit a record low of 11.30 per dollar.</p>\n<p>The dollar edged back from a 16-month high as traders weighed whether the U.S. currency's recent surge had gone too far.</p>\n<p>The dollar index , which measures the currency against a basket of six rivals, was last down 0.3%.</p>\n<p>In the U.S. Treasury market, yields fell after the relative success of a 20-year bond auction on Wednesday reduced fears about further rapid yield increases.</p>\n<p>Benchmark 10-year notes were last at 1.587%. They have jumped from a low of 1.415% last week and are holding below five-month highs of 1.705% reached on Oct. 21.</p>\n<p>Oil prices rose slightly after dropping to six-week lows.</p>\n<p>Brent crude settled up 96 cents, or 1.2%, at $81.24 a barrel, while U.S. West Texas Intermediate crude futures closed 65 cents, or 0.8%, higher at $79.01.</p>\n<p>U.S. gold futures settled down 0.5% at $1,861.4.</p>","source":"lsy1601381805984","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500, Nasdaq hit record closing highs</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, Nasdaq hit record closing highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-19 06:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/markets/us/global-markets-wrapup-6-graphics-2021-11-18/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - The S&P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including Nvidia, while Turkey's lira weakened further after its ...</p>\n\n<a href=\"https://www.reuters.com/markets/us/global-markets-wrapup-6-graphics-2021-11-18/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/markets/us/global-markets-wrapup-6-graphics-2021-11-18/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185082595","content_text":"(Reuters) - The S&P 500 and Nasdaq notched record closing highs on Thursday, boosted by upbeat corporate earnings news from companies including Nvidia, while Turkey's lira weakened further after its central bank cut rates.\nMSCI's gauge of stocks across the globe was flat, and the Dow Jones industrial average ended lower.Nvidia's stock jumped and was among the biggest supports for the S&P 500 and Nasdaq after it beat quarterly estimates and forecast strong fourth-quarter revenue. Macy's(M.N)shares shot up 21.2% after it raised its earnings outlook.\nOn the flip side, Cisco Systems shares fell 5.5%, a day after it forecast current-quarter revenue below expectations due to supply chain shortages and delays. It was the latest in a growing list of U.S. companies citing supply chain problems.\nInvestors have been concerned over further increases in price pressures. Retail giant Target warned of higher costs earlier this week.\nNew York Federal Reserve Bank President John Williams said Thursday that inflation is becoming more broad-based and that expectations for future price increases are rising.\nThe Dow Jones Industrial Average(.DJI) fell 60.1 points, or 0.17%, to 35,870.95, the S&P 500(.SPX)gained 15.87 points, or 0.34%, to 4,704.54 and the Nasdaq Composite(.IXIC) added 72.14 points, or 0.45%, to 15,993.71.\nThe pan-European STOXX 600 index(.STOXX)lost 0.46% and MSCI's gauge of stocks across the globe(.MIWD00000PUS)gained 0.03%.\nTurkey's lira shed another 2.83% after its central bank cut rates by 100 basis points to 15%, even in the face of inflation near 20%, sending the Turkish currency hurtling southward.\n\"The lira remains a punching bag, and further weakness has no end in sight,\" said Edward Moya, senior market analyst at Oanda.\nThe lira has lost around 11.5% of its value this month amid President Tayyip Erdogan's renewed criticism of interest rates and calls for stimulus despite the risks. It was last at 10.909, having earlier hit a record low of 11.30 per dollar.\nThe dollar edged back from a 16-month high as traders weighed whether the U.S. currency's recent surge had gone too far.\nThe dollar index , which measures the currency against a basket of six rivals, was last down 0.3%.\nIn the U.S. Treasury market, yields fell after the relative success of a 20-year bond auction on Wednesday reduced fears about further rapid yield increases.\nBenchmark 10-year notes were last at 1.587%. They have jumped from a low of 1.415% last week and are holding below five-month highs of 1.705% reached on Oct. 21.\nOil prices rose slightly after dropping to six-week lows.\nBrent crude settled up 96 cents, or 1.2%, at $81.24 a barrel, while U.S. West Texas Intermediate crude futures closed 65 cents, or 0.8%, higher at $79.01.\nU.S. gold futures settled down 0.5% at $1,861.4.","news_type":1},"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874909494,"gmtCreate":1637716666225,"gmtModify":1637716666314,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Right","listText":"Right","text":"Right","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874909494","repostId":"2185336565","repostType":4,"repost":{"id":"2185336565","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":1637708522,"share":"https://www.laohu8.com/m/news/2185336565?lang=&edition=full","pubTime":"2021-11-24 07:02","market":"us","language":"en","title":"Nasdaq ends lower for second day as Big Tech loses ground","url":"https://stock-news.laohu8.com/highlight/detail?id=2185336565","media":"Reuters","summary":"Nov 23  - The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.The S&P 500 growth index dipped 0.3% and the value index climbed 0.8%.Treasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.Tesla fell over 4% and","content":"<p>* Banks extend gains as yields rise</p>\n<p>* Factory activity expands in November</p>\n<p>* Tesla and Microsoft give back recent gains</p>\n<p>Nov 23 (Reuters) - The Nasdaq ended lower for a second straight session on Tuesday, while the S&amp;P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.</p>\n<p>The S&amp;P 500 growth index dipped 0.3% and the value index climbed 0.8%.</p>\n<p>Treasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.</p>\n<p>Tesla fell over 4% and Microsoft lost 0.6%, with the two companies dragging on the Nasdaq more than any other stocks. Rising interest rates tend to make growth stocks less attractive to investors.</p>\n<p>“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.</p>\n<p>With banks benefiting from higher interest rates, the S&amp;P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.</p>\n<p>The S&amp;P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.</p>\n<p>An IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.</p>\n<p>The Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&amp;P 500 gained 0.17% to 4,690.7.</p>\n<p>The Nasdaq Composite dropped 0.5% to 15,775.14.</p>\n<p>After closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.</p>\n<p>The CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.</p>\n<p>The U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.</p>\n<p><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.</p>\n<p>Best Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.</p>\n<p>Chipmakers Micron Technology and Western Digital Corp&nbsp;rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.</p>\n<p>Volume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.</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>Nasdaq ends lower for second day as Big Tech loses ground</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\">\nNasdaq ends lower for second day as Big Tech loses ground\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-11-24 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Banks extend gains as yields rise</p>\n<p>* Factory activity expands in November</p>\n<p>* Tesla and Microsoft give back recent gains</p>\n<p>Nov 23 (Reuters) - The Nasdaq ended lower for a second straight session on Tuesday, while the S&amp;P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.</p>\n<p>The S&amp;P 500 growth index dipped 0.3% and the value index climbed 0.8%.</p>\n<p>Treasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.</p>\n<p>Tesla fell over 4% and Microsoft lost 0.6%, with the two companies dragging on the Nasdaq more than any other stocks. Rising interest rates tend to make growth stocks less attractive to investors.</p>\n<p>“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.</p>\n<p>With banks benefiting from higher interest rates, the S&amp;P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.</p>\n<p>The S&amp;P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.</p>\n<p>An IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.</p>\n<p>The Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&amp;P 500 gained 0.17% to 4,690.7.</p>\n<p>The Nasdaq Composite dropped 0.5% to 15,775.14.</p>\n<p>After closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.</p>\n<p>The CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.</p>\n<p>The U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.</p>\n<p><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.</p>\n<p>Best Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.</p>\n<p>Chipmakers Micron Technology and Western Digital Corp&nbsp;rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.</p>\n<p>Volume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500ETF","BK4528":"SaaS概念",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF","BK4516":"特朗普概念","UDOW":"道指三倍做多ETF-ProShares","BK4532":"文艺复兴科技持仓",".SPX":"S&P 500 Index","OEX":"标普100","QQQ":"纳指100ETF","BK4554":"元宇宙及AR概念","BK4534":"瑞士信贷持仓","IVV":"标普500指数ETF","BK4567":"ESG概念","DXD":"道指两倍做空ETF","BK4533":"AQR资本管理(全球第二大对冲基金)","DDM":"道指两倍做多ETF","BK4566":"资本集团","BK4525":"远程办公概念","MSFT":"微软","SSO":"两倍做多标普500ETF","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","DJX":"1/100道琼斯","BK4535":"淡马锡持仓","BK4527":"明星科技股","BK4538":"云计算","BK4559":"巴菲特持仓","SPXU":"三倍做空标普500ETF","BK4550":"红杉资本持仓","SQQQ":"纳指三倍做空ETF","BK4503":"景林资产持仓","DOG":"道指反向ETF","SPY":"标普500ETF","BK4097":"系统软件","QLD":"纳指两倍做多ETF","BK4504":"桥水持仓","TSLA":"特斯拉","TQQQ":"纳指三倍做多ETF","SDOW":"道指三倍做空ETF-ProShares","OEF":"标普100指数ETF-iShares","BK4548":"巴美列捷福持仓","PSQ":"纳指反向ETF",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2185336565","content_text":"* Banks extend gains as yields rise\n* Factory activity expands in November\n* Tesla and Microsoft give back recent gains\nNov 23 (Reuters) - The Nasdaq ended lower for a second straight session on Tuesday, while the S&P 500 rose, as rising Treasury yields prompted investors to sell Tesla and other Big Tech names and buy stocks with lower valuations.\nThe S&P 500 growth index dipped 0.3% and the value index climbed 0.8%.\nTreasury yields extended gains as investors ramped up expectations of interest rate hikes next year after Jerome Powell was nominated by President Joe Biden as fed chair for a second term.\nTesla fell over 4% and Microsoft lost 0.6%, with the two companies dragging on the Nasdaq more than any other stocks. Rising interest rates tend to make growth stocks less attractive to investors.\n“The market is being whipsawed by a holiday shortened week, and it’s taking its cue from the recent uptick in interest rates, giving investors additional reasons to take profits in an overvalued market,” said Sam Stovall, chief investment strategist of CFRA Research in New York.\nWith banks benefiting from higher interest rates, the S&P 500 banks index jumped 2%, with Goldman Sachs, JPMorgan and Bank of America all rallying.\nThe S&P 500 energy index soared 3% and was the best-performing sector. Oil prices rose to a one-week high after a move by the United States and other consumer nations to release tens of millions of barrels of oil from reserves to try to cool the market fell short of some expectations.\nAn IHS Markit survey showed U.S. business activity slowed moderately in November amid labor shortages and raw material delays, but remained comfortably in expansion territory on strength in the manufacturing sector.\nThe Dow Jones Industrial Average rose 0.55% to end at 35,813.8 points, while the S&P 500 gained 0.17% to 4,690.7.\nThe Nasdaq Composite dropped 0.5% to 15,775.14.\nAfter closing on Friday at its highest level ever, the Nasdaq has now lost about 1.8%. It remains up 22% year to date.\nThe CBOE volatility index briefly rose to a more than one-month high earlier on Tuesday.\nThe U.S. stock market will be closed on Thursday for the Thanksgiving holiday, and it finishes early on Friday.\nZoom Video Communications Inc slumped almost 15% after its third-quarter revenue growth rate slowed as demand for its video-conferencing tools eased from pandemic-fueled heights last year.\nBest Buy Co Inc slid 12% after the electronics retailer forecast fourth-quarter comparable sales below expectations due to supply chain issues.\nChipmakers Micron Technology and Western Digital Corp rose 1.85% and 6.3%, respectively, after Mizuho Bank upgraded the stocks to \"buy\" from \"neutral\".\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.39-to-1 ratio favored decliners.\nThe S&P 500 posted 17 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 66 new highs and 497 new lows.\nVolume on U.S. exchanges was 11.3 billion shares, compared with the 11.1 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875288005,"gmtCreate":1637657982641,"gmtModify":1637657982641,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/META\">$Roundhill Ball Metaverse ETF(META)$</a>It's alright. Positive. Optimistic.&nbsp;","listText":"<a href=\"https://laohu8.com/S/META\">$Roundhill Ball Metaverse ETF(META)$</a>It's alright. Positive. Optimistic.&nbsp;","text":"$Roundhill Ball Metaverse ETF(META)$It's alright. Positive. Optimistic.","images":[{"img":"https://static.tigerbbs.com/04e6a32db2b69258c6035bba5168aec2","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875288005","isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":875217600,"gmtCreate":1637657365304,"gmtModify":1637657365304,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Opportunity&nbsp;","listText":"Opportunity&nbsp;","text":"Opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/875217600","repostId":"1116384605","repostType":4,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":876372374,"gmtCreate":1637278202031,"gmtModify":1637278202203,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/876372374","repostId":"1140578715","repostType":4,"repost":{"id":"1140578715","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1637246010,"share":"https://www.laohu8.com/m/news/1140578715?lang=&edition=full","pubTime":"2021-11-18 22:33","market":"us","language":"en","title":"S&P 500 rises slightly led by tech shares as Nvidia soars","url":"https://stock-news.laohu8.com/highlight/detail?id=1140578715","media":"Tiger Newspress","summary":"The S&P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust t","content":"<p>The S&amp;P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.</p>\n<p>The Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.</p>\n<p>The S&amp;P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.</p>\n<p>Nvidia&nbsp;shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.</p>\n<p>Those gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.</p>\n<p>Retail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.</p>\n<p>Retail stocks broadly traded higher on Thursday, and the SPDR S&amp;P Retail ETF gained 1.5%.</p>\n<p>Elsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.</p>\n<p>Dow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.</p>\n<p>Going in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.</p>\n<p>Initial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.</p>\n<p>On&nbsp;Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&amp;P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.</p>\n<p>The small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.</p>\n<p>“Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.</p>\n<p>“Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.</p>\n<p>Investors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.</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>S&P 500 rises slightly led by tech shares as Nvidia soars</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 rises slightly led by tech shares as Nvidia soars\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-11-18 22:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The S&amp;P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.</p>\n<p>The Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.</p>\n<p>The S&amp;P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.</p>\n<p>Nvidia&nbsp;shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.</p>\n<p>Those gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.</p>\n<p>Retail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.</p>\n<p>Retail stocks broadly traded higher on Thursday, and the SPDR S&amp;P Retail ETF gained 1.5%.</p>\n<p>Elsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.</p>\n<p>Dow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.</p>\n<p>Going in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.</p>\n<p>Initial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.</p>\n<p>On&nbsp;Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&amp;P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.</p>\n<p>The small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.</p>\n<p>“Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.</p>\n<p>“Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.</p>\n<p>Investors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140578715","content_text":"The S&P 500 and the Nasdaq indexes opened higher on Thursday as chipmaker Nvidia rallied on robust third-quarter results, while a fresh batch of positive retail earnings indicated strength in consumer spending against the backdrop of rising inflation.\nThe Dow Jones Industrial Average(.DJI)fell 29.36 points, or 0.08%, at the open to 35,901.69.\nThe S&P 500(.SPX)opened higher by 12.05 points, or 0.26%, at 4,700.72, while the Nasdaq Composite(.IXIC)gained 51.82 points, or 0.33%, to 15,973.40 at the opening bell.\nNvidia shares popped more than 8% afterbeating on the top and bottom linesof its quarterly results and issued a bullish revenue forecast for the current quarter ending in January. The chipmaker reporter a 55% gain in data center sales from the same period a year ago and its biggest market, gaming, reported a 42% sales increase.\nThose gains helped lift other chip stocks trading. Advanced Micro Devices gained nearly 3%. Skyworks and Micron Technology added more than 1%. Separately, GlobalFoundries jumped more than 8% after revealing itentered a partnership with Fordto help the automaker increase its chip supply.\nRetail continued its big earnings week. Shares of Macy’s and Kohl’s kicked the day off jumping 15% and 8%, respectively. Both companies smashed quarterly profit and revenue estimates, much like its peers who reported earlier in the week. Most have reported same-store sales gains from the previous year and investors are optimistic going into the holiday shopping season.\nRetail stocks broadly traded higher on Thursday, and the SPDR S&P Retail ETF gained 1.5%.\nElsewhere, Deere saw its shares rise more than 2% after it came to a resolution with workers who had been on strike since Oct. 14.\nDow component Boeing also saw its shares rise another almost 2% following an upgrade from JPMorgan, which said the aerospace giant has significant upside as it clears up several issues that have dogged the company.\nGoing in the other direction, Cisco Systems fell 7% due toweaker revenue guidance and a revenue miss. Kraft Heinz shares also dropped more than 3% after the company announced a secondary offering of common stock.\nInitial filings for unemployment insurance fell slightly to 268,000 for the week ending Nov. 13, the Labor Department reported Thursday. That was the lowest level since March 2020, and the seventh straight weekly decline. Economists polled by Dow Jones expected them to have fallen to 260,000, compared to the previous week’s adjusted 269,000 claims.\nOn Wednesday, the Dow Jones Industrial Average lost 211 points, dragged down by a 4.7% loss in Visa shares. The S&P 500 dipped 0.26%. The Nasdaq Composite ticked 0.33% lower, despite most mega-cap technology companies closing in the green.\nThe small-cap benchmark Russell 2000 was the relative underperformer on Wednesday, dropping 1.2%.\n“Recent economic reports remain strong, but today’s stock market action highlights that it is already discounting another Covid cycle,” said Jim Paulsen, chief investment strategist for Leuthold Group.\n“Concerns about Covid also caused the 10-year bond yield to decline for the first time in 6 days and kept downward pressure on commodity prices including another sizable drop in crude oil prices. If inflation keeps rising while another Covid surge again stalls real economic activity, we may find out how the stock market handles a pseudo-stagflationary episode,” he added.\nInvestors await more retail earnings on Thursday withApplied MaterialsandPalo Alto Networksreporting after the bell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875215426,"gmtCreate":1637657146999,"gmtModify":1637657146999,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Cheaper&nbsp;","listText":"Cheaper&nbsp;","text":"Cheaper","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875215426","repostId":"1124284638","repostType":4,"repost":{"id":"1124284638","pubTimestamp":1637652084,"share":"https://www.laohu8.com/m/news/1124284638?lang=&edition=full","pubTime":"2021-11-23 15:21","market":"us","language":"en","title":"Cathie Wood Continues Profit-Booking In Tesla, Selling Another $210M Shares On Monday — Here Are The Other Key Trades","url":"https://stock-news.laohu8.com/highlight/detail?id=1124284638","media":"Benzinga","summary":"Cathie Wood-led investment management firm Ark Invest on Monday sold 182,283 shares —estimated to be","content":"<p><b>Cathie Wood</b>-led investment management firm&nbsp;<b>Ark Invest</b>&nbsp;on Monday sold 182,283 shares —estimated to be worth $210.87 million — in&nbsp;<b>Tesla Inc</b>(NASDAQ:TSLA), booking more profit in the electric vehicle stock as it continues to rise after recentlyjoining the $1 trillion market capitalizationclub.</p>\n<p>Tesla shares rose nearly 4% on Monday to close 1.74% higher at $1,156.87 a share on Monday. The stock has risen 58.5% year-to-date.</p>\n<p>The St. Petersburg, Florida-based Ark Invest has been booking profit in the stock since early September when shares of the&nbsp;<b>ElonMusk</b>-led company started rising after months of sluggish performance.</p>\n<p>Including the latest sale, the popular money managing firm has sold about $2.21 billion worth of shares in Tesla since the start of September.</p>\n<p>Tesla continues to be Ark Invest's biggest bet across ETFs — a stock it predicts would hit the$3,000 mark by the end of 2025.</p>\n<p>Ark Invest sold Tesla shares via the&nbsp;<b>Ark Innovation ETF</b>(NYSE:ARKK), the&nbsp;<b>Ark Next Generation Internet ETF</b>(NYSE:ARKW) and the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) on Monday.&nbsp;No other ARK Invest ETF owns shares in Tesla.</p>\n<p>Ahead of Monday’s trade, the three ETFs together held a total of 2.74 million shares — estimated to be worth $3.16 billion — in the electric vehicle company.</p>\n<p>Here are a few other key trades for Ark on Monday:</p>\n<ul>\n <li>Sold 273,725 shares — estimated to be worth $8.35 million — in&nbsp;<b>Facebook Inc</b>(NASDAQ:FB). Stock closed 1.24% lower at $341.01 a share on Monday.</li>\n <li>Bought 404,371 shares — estimated to be worth $8.35 million — in&nbsp;<b>Palantir Technologies Inc</b>(NYSE:PLTR). Stock closed 3.55% lower at $20.65 a share on Monday.</li>\n <li>Bought 202,661 shares — estimated to be worth $46.8 million — in&nbsp;<b>Roku Inc</b>(NASDAQ:ROKU). Stock closed 1.33% lower at $230.98 a share.</li>\n <li>Bought 474,219 shares — estimated to be worth $17.44 million — in&nbsp;<b>DraftKings Inc</b>(NASDAQ:DKNG). Stock closed 1.80% higher at $36.79 a share.</li>\n <li>Bought 79,418 shares — estimated to be worth $25 million — in&nbsp;<b>Coinbase Global Inc</b>(NASDAQ:COIN) on the dip. The stock closed 5.13% lower at $315.48 a share.</li>\n</ul>","source":"lsy1606299360108","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>Cathie Wood Continues Profit-Booking In Tesla, Selling Another $210M Shares On Monday — Here Are The Other Key Trades</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\">\nCathie Wood Continues Profit-Booking In Tesla, Selling Another $210M Shares On Monday — Here Are The Other Key Trades\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-23 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/21/11/24241400/cathie-wood-continues-profit-booking-in-tesla-selling-another-210m-shares-on-monday-here><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood-led investment management firm Ark Invest on Monday sold 182,283 shares —estimated to be worth $210.87 million — in Tesla Inc(NASDAQ:TSLA), booking more profit in the electric vehicle ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/21/11/24241400/cathie-wood-continues-profit-booking-in-tesla-selling-another-210m-shares-on-monday-here\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/21/11/24241400/cathie-wood-continues-profit-booking-in-tesla-selling-another-210m-shares-on-monday-here","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124284638","content_text":"Cathie Wood-led investment management firm Ark Invest on Monday sold 182,283 shares —estimated to be worth $210.87 million — in Tesla Inc(NASDAQ:TSLA), booking more profit in the electric vehicle stock as it continues to rise after recentlyjoining the $1 trillion market capitalizationclub.\nTesla shares rose nearly 4% on Monday to close 1.74% higher at $1,156.87 a share on Monday. The stock has risen 58.5% year-to-date.\nThe St. Petersburg, Florida-based Ark Invest has been booking profit in the stock since early September when shares of the ElonMusk-led company started rising after months of sluggish performance.\nIncluding the latest sale, the popular money managing firm has sold about $2.21 billion worth of shares in Tesla since the start of September.\nTesla continues to be Ark Invest's biggest bet across ETFs — a stock it predicts would hit the$3,000 mark by the end of 2025.\nArk Invest sold Tesla shares via the Ark Innovation ETF(NYSE:ARKK), the Ark Next Generation Internet ETF(NYSE:ARKW) and the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) on Monday. No other ARK Invest ETF owns shares in Tesla.\nAhead of Monday’s trade, the three ETFs together held a total of 2.74 million shares — estimated to be worth $3.16 billion — in the electric vehicle company.\nHere are a few other key trades for Ark on Monday:\n\nSold 273,725 shares — estimated to be worth $8.35 million — in Facebook Inc(NASDAQ:FB). Stock closed 1.24% lower at $341.01 a share on Monday.\nBought 404,371 shares — estimated to be worth $8.35 million — in Palantir Technologies Inc(NYSE:PLTR). Stock closed 3.55% lower at $20.65 a share on Monday.\nBought 202,661 shares — estimated to be worth $46.8 million — in Roku Inc(NASDAQ:ROKU). Stock closed 1.33% lower at $230.98 a share.\nBought 474,219 shares — estimated to be worth $17.44 million — in DraftKings Inc(NASDAQ:DKNG). Stock closed 1.80% higher at $36.79 a share.\nBought 79,418 shares — estimated to be worth $25 million — in Coinbase Global Inc(NASDAQ:COIN) on the dip. The stock closed 5.13% lower at $315.48 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692904805,"gmtCreate":1640821327532,"gmtModify":1640821327721,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Google&nbsp;","listText":"Google&nbsp;","text":"Google","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692904805","repostId":"2195450556","repostType":2,"repost":{"id":"2195450556","pubTimestamp":1640792153,"share":"https://www.laohu8.com/m/news/2195450556?lang=&edition=full","pubTime":"2021-12-29 23:35","market":"us","language":"en","title":"These stocks are down at least 20% from 2021 highs, but Wall Street sees them gaining as much as 87% in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2195450556","media":"MarketWatch","summary":"More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of","content":"<html><head></head><body><p>More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of them, including JD.com, <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> and Disney</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aebc95cbe7dbebe32f5045c9fa2f994\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Analysts polled by FactSet expect shares of Alaska Air Group to rise 47% over the next 12 months.Getty Images</span></p><p>This has been a remarkable year for stocks, but it may surprise you how many are in bear-market territory, usually defined as a decline of at least 20%.</p><p>Among a large group of beaten-down stocks, analysts working for brokerage firms expect dozens to soar in 2022. See them below.</p><p><b>A solid 2021, but look at  the cap-weighting</b></p><p>The benchmark S&amp;P 500 index  has risen 27.4% during 2021, following a 16.3% in 2020 -- two years of pandemic and two years of double-digit gains. (All price changed in this article exclude dividends.)</p><p>You probably know the S&amp;P 500 is weighted by market capitalization, but you might not be aware of how extreme the weighting can be. Take a look at the weighting and performance of the top five companies held by the SPDR S&amp;P 500 ETF Trust, which tracks the S&amp;P 500. Together, they make up 23% of the fund&#39;s portfolio and the index:</p><table><tbody><tr><td>Company</td><td>Ticker</td><td>Price change -- 2021</td><td>Share of SPY</td></tr><tr><td>Apple Inc.</td><td>AAPL</td><td>35.1%</td><td>6.9%</td></tr><tr><td>Microsoft Corp.</td><td>MSFT</td><td>53.4%</td><td>6.3%</td></tr><tr><td>Amazon.com Inc.</td><td>AMZN</td><td>4.8%</td><td>3.7%</td></tr><tr><td>Alphabet Inc. Class A</td><td>GOOGL</td><td>67.4%</td><td>2.2%</td></tr><tr><td>Tesla Inc.</td><td>TSLA</td><td>54.2%</td><td>2.2%</td></tr><tr><td>Alphabet Inc. Class C</td><td>GOOG</td><td>67.2%</td><td>2.1%</td></tr><tr></tr></tbody></table><p>Source: FactSet</p><p>SPY and the S&amp;P 500 include two common-share classes for Alphabet Inc. (GOOGL) and two apiece for four other companies, for a total of 505 stocks.</p><p><b>Stocks in bear markets that analysts love</b></p><p>For a broader list of large-cap stocks listed in the U.S., including those of some of China&#39;s biggest internet players, we added the components of the Nasdaq-100 Index , comprised of the 100 largest Nasdaq-listed companies by market capitalization and tracked by the Invesco QQQ Trust.</p><p>After removing duplicates, this left a list of 529 stocks.</p><p>Within in the group, 94 are in a bear market -- that is, they were down at least 20% from their 2021 intraday highs through Dec. 28, according to data provided by FactSet.</p><p>Among the 94, there are 30 with &#34;buy&#34; or equivalent ratings from at least two-thirds of analysts polled by FactSet. Here they are, sorted by the 12-month upside potential implied by the consensus price targets:</p><table><tbody><tr><td>Company</td><td>Ticker</td><td>Decline from 2021 high</td><td>Closing price -- Dec. 28</td><td>2021 high</td><td>Date of 2021 high</td><td>Share &#34;buy&#34; ratings</td><td>Consensus price target</td><td>Implied 12-month upside potential</td></tr><tr><td>Pinduoduo Inc. ADR Class A</td><td>PDD</td><td>-73.6%</td><td>$56.04</td><td>$212.60</td><td>02/16/2021</td><td>76%</td><td>$104.54</td><td>87%</td></tr><tr><td>Baidu Inc. ADR Class A</td><td>BIDU</td><td>-60.3%</td><td>$140.88</td><td>$354.82</td><td>02/22/2021</td><td>83%</td><td>$232.32</td><td>65%</td></tr><tr><td>JD.com Inc. ADR Class A</td><td>JD</td><td>-39.2%</td><td>$65.87</td><td>$108.29</td><td>02/17/2021</td><td>94%</td><td>$106.30</td><td>61%</td></tr><tr><td><a href=\"https://laohu8.com/S/MELI\">MercadoLibre</a> Inc.</td><td>MELI</td><td>-34.8%</td><td>$1,316.28</td><td>$2,020.00</td><td>01/21/2021</td><td>87%</td><td>$2,011.00</td><td>53%</td></tr><tr><td>Caesars Entertainment Inc.</td><td>CZR</td><td>-22.6%</td><td>$92.78</td><td>$119.81</td><td>10/01/2021</td><td>94%</td><td>$137.36</td><td>48%</td></tr><tr><td>Generac Holdings Inc.</td><td>GNRC</td><td>-33.6%</td><td>$348.18</td><td>$524.31</td><td>11/02/2021</td><td>77%</td><td>$514.11</td><td>48%</td></tr><tr><td>Alaska Air Group Inc.</td><td>ALK</td><td>-28.8%</td><td>$52.90</td><td>$74.25</td><td>04/07/2021</td><td>93%</td><td>$77.71</td><td>47%</td></tr><tr><td>PayPal Holdings Inc.</td><td>PYPL</td><td>-38.7%</td><td>$190.10</td><td>$310.16</td><td>07/26/2021</td><td>84%</td><td>$273.65</td><td>44%</td></tr><tr><td>CrowdStrike Holdings Inc. Class A</td><td>CRWD</td><td>-30.6%</td><td>$207.23</td><td>$298.48</td><td>11/10/2021</td><td>86%</td><td>$291.88</td><td>41%</td></tr><tr><td>Trip.com Group Ltd. ADR</td><td>TCOM</td><td>-48.5%</td><td>$23.29</td><td>$45.19</td><td>03/17/2021</td><td>79%</td><td>$32.78</td><td>41%</td></tr><tr><td><a href=\"https://laohu8.com/S/TMUSR\">T-Mobile US Inc</a>.</td><td>TMUS</td><td>-21.3%</td><td>$118.16</td><td>$150.20</td><td>07/16/2021</td><td>81%</td><td>$165.51</td><td>40%</td></tr><tr><td><a href=\"https://laohu8.com/S/ENPH\">Enphase Energy</a> Inc.</td><td>ENPH</td><td>-33.9%</td><td>$186.79</td><td>$282.46</td><td>11/22/2021</td><td>67%</td><td>$260.92</td><td>40%</td></tr><tr><td>Global Payments Inc.</td><td>GPN</td><td>-38.8%</td><td>$135.15</td><td>$220.81</td><td>04/26/2021</td><td>85%</td><td>$188.41</td><td>39%</td></tr><tr><td>NetEase Inc. ADR</td><td>NTES</td><td>-27.7%</td><td>$97.15</td><td>$134.33</td><td>02/11/2021</td><td>97%</td><td>$134.53</td><td>38%</td></tr><tr><td>Activision Blizzard Inc.</td><td>ATVI</td><td>-36.2%</td><td>$66.67</td><td>$104.53</td><td>02/16/2021</td><td>71%</td><td>$90.86</td><td>36%</td></tr><tr><td>Southwest Airlines Co.</td><td>LUV</td><td>-34.7%</td><td>$42.29</td><td>$64.75</td><td>04/14/2021</td><td>78%</td><td>$57.32</td><td>36%</td></tr><tr><td>Fidelity National Information Services Inc.</td><td>FIS</td><td>-29.9%</td><td>$109.29</td><td>$155.96</td><td>04/29/2021</td><td>74%</td><td>$146.86</td><td>34%</td></tr><tr><td>Match Group Inc.</td><td>MTCH</td><td>-27.0%</td><td>$132.94</td><td>$182.00</td><td>10/21/2021</td><td>68%</td><td>$175.11</td><td>32%</td></tr><tr><td><a href=\"https://laohu8.com/S/LDOS\">Leidos Holdings Inc</a>.</td><td>LDOS</td><td>-22.4%</td><td>$88.26</td><td>$113.75</td><td>01/25/2021</td><td>71%</td><td>$115.00</td><td>30%</td></tr><tr><td>WestRock Co.</td><td>WRK</td><td>-28.8%</td><td>$44.19</td><td>$62.03</td><td>05/17/2021</td><td>67%</td><td>$56.92</td><td>29%</td></tr><tr><td>Medtronic <a href=\"https://laohu8.com/S/PLC\">PLC</a></td><td>MDT</td><td>-23.1%</td><td>$104.53</td><td>$135.89</td><td>09/09/2021</td><td>85%</td><td>$134.52</td><td>29%</td></tr><tr><td>Teleflex Inc.</td><td>TFX</td><td>-26.6%</td><td>$330.03</td><td>$449.38</td><td>04/28/2021</td><td>75%</td><td>$424.11</td><td>29%</td></tr><tr><td><a href=\"https://laohu8.com/S/ZBH\">Zimmer Biomet Holdings Inc</a>.</td><td>ZBH</td><td>-28.9%</td><td>$128.21</td><td>$180.36</td><td>04/29/2021</td><td>68%</td><td>$163.71</td><td>28%</td></tr><tr><td><a href=\"https://laohu8.com/S/PTC\">PTC Inc.</a></td><td>PTC</td><td>-20.4%</td><td>$122.34</td><td>$153.73</td><td>07/23/2021</td><td>71%</td><td>$156.15</td><td>28%</td></tr><tr><td><a href=\"https://laohu8.com/S/PSX\">Phillips 66</a></td><td>PSX</td><td>-21.6%</td><td>$73.93</td><td>$94.34</td><td>06/10/2021</td><td>79%</td><td>$93.50</td><td>26%</td></tr><tr><td>Boeing Co.</td><td>BA</td><td>-26.0%</td><td>$206.13</td><td>$278.57</td><td>03/15/2021</td><td>73%</td><td>$259.61</td><td>26%</td></tr><tr><td><a href=\"https://laohu8.com/S/OKTA\">Okta Inc.</a> Class A</td><td>OKTA</td><td>-23.6%</td><td>$224.47</td><td>$294.00</td><td>02/12/2021</td><td>82%</td><td>$279.88</td><td>25%</td></tr><tr><td>Walt Disney Co.</td><td>DIS</td><td>-23.6%</td><td>$155.20</td><td>$203.02</td><td>03/08/2021</td><td>70%</td><td>$193.29</td><td>25%</td></tr><tr><td>Corning Inc.</td><td>GLW</td><td>-20.2%</td><td>$37.35</td><td>$46.82</td><td>04/26/2021</td><td>69%</td><td>$44.38</td><td>19%</td></tr><tr><td>Lamb Weston Holdings Inc.</td><td>LW</td><td>-28.0%</td><td>$62.22</td><td>$86.41</td><td>03/08/2021</td><td>78%</td><td>$73.29</td><td>18%</td></tr><tr></tr></tbody></table><p>Source: FactSet</p></body></html>","source":"lsy1603348471595","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>These stocks are down at least 20% from 2021 highs, but Wall Street sees them gaining as much as 87% in 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; 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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\">\nThese stocks are down at least 20% from 2021 highs, but Wall Street sees them gaining as much as 87% in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-29 23:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/these-stocks-are-down-at-least-20-from-2021-highs-but-wall-street-sees-them-gaining-as-much-as-87-in-2022-11640787635?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of them, including JD.com, PayPal and DisneyAnalysts polled by FactSet expect shares of Alaska Air ...</p>\n\n<a href=\"https://www.marketwatch.com/story/these-stocks-are-down-at-least-20-from-2021-highs-but-wall-street-sees-them-gaining-as-much-as-87-in-2022-11640787635?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4525":"远程办公概念","BK4524":"宅经济概念","BK4167":"医疗保健技术","DIS":"迪士尼","SDS":"两倍做空标普500ETF","BK4538":"云计算","UPRO":"三倍做多标普500ETF","BK4527":"明星科技股","BK4077":"互动媒体与服务","QQQ":"纳指100ETF","TSLA":"特斯拉","FWRG":"First Watch Restaurant Group, Inc.","BK4550":"红杉资本持仓","BK4007":"制药","BK4503":"景林资产持仓","IVV":"标普500指数ETF","BK4551":"寇图资本持仓","CRCT":"Cricut, Inc.","BK4561":"索罗斯持仓","BK4504":"桥水持仓","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","GOOGL":"谷歌A","BK4099":"汽车制造商","BK4183":"个人用品","SPXU":"三倍做空标普500ETF","BK4548":"巴美列捷福持仓","BK4514":"搜索引擎","HCTI":"Healthcare Triangle, Inc.","PYPL":"PayPal","BK4539":"次新股","BK4554":"元宇宙及AR概念","BK4106":"数据处理与外包服务","SPY":"标普500ETF","BK4532":"文艺复兴科技持仓","TERN":"Terns Pharmaceuticals, Inc.","BK4553":"喜马拉雅资本持仓","BK4191":"家用电器","OEX":"标普100",".SPX":"S&P 500 Index","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","OLPX":"Olaplex Holdings, Inc.","OEF":"标普100指数ETF-iShares","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团"},"source_url":"https://www.marketwatch.com/story/these-stocks-are-down-at-least-20-from-2021-highs-but-wall-street-sees-them-gaining-as-much-as-87-in-2022-11640787635?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195450556","content_text":"More than 90 large-cap stocks are down at least 20% from their 2021 highs, but analysts love many of them, including JD.com, PayPal and DisneyAnalysts polled by FactSet expect shares of Alaska Air Group to rise 47% over the next 12 months.Getty ImagesThis has been a remarkable year for stocks, but it may surprise you how many are in bear-market territory, usually defined as a decline of at least 20%.Among a large group of beaten-down stocks, analysts working for brokerage firms expect dozens to soar in 2022. See them below.A solid 2021, but look at  the cap-weightingThe benchmark S&P 500 index  has risen 27.4% during 2021, following a 16.3% in 2020 -- two years of pandemic and two years of double-digit gains. (All price changed in this article exclude dividends.)You probably know the S&P 500 is weighted by market capitalization, but you might not be aware of how extreme the weighting can be. Take a look at the weighting and performance of the top five companies held by the SPDR S&P 500 ETF Trust, which tracks the S&P 500. Together, they make up 23% of the fund's portfolio and the index:CompanyTickerPrice change -- 2021Share of SPYApple Inc.AAPL35.1%6.9%Microsoft Corp.MSFT53.4%6.3%Amazon.com Inc.AMZN4.8%3.7%Alphabet Inc. Class AGOOGL67.4%2.2%Tesla Inc.TSLA54.2%2.2%Alphabet Inc. Class CGOOG67.2%2.1%Source: FactSetSPY and the S&P 500 include two common-share classes for Alphabet Inc. (GOOGL) and two apiece for four other companies, for a total of 505 stocks.Stocks in bear markets that analysts loveFor a broader list of large-cap stocks listed in the U.S., including those of some of China's biggest internet players, we added the components of the Nasdaq-100 Index , comprised of the 100 largest Nasdaq-listed companies by market capitalization and tracked by the Invesco QQQ Trust.After removing duplicates, this left a list of 529 stocks.Within in the group, 94 are in a bear market -- that is, they were down at least 20% from their 2021 intraday highs through Dec. 28, according to data provided by FactSet.Among the 94, there are 30 with \"buy\" or equivalent ratings from at least two-thirds of analysts polled by FactSet. Here they are, sorted by the 12-month upside potential implied by the consensus price targets:CompanyTickerDecline from 2021 highClosing price -- Dec. 282021 highDate of 2021 highShare \"buy\" ratingsConsensus price targetImplied 12-month upside potentialPinduoduo Inc. ADR Class APDD-73.6%$56.04$212.6002/16/202176%$104.5487%Baidu Inc. ADR Class ABIDU-60.3%$140.88$354.8202/22/202183%$232.3265%JD.com Inc. ADR Class AJD-39.2%$65.87$108.2902/17/202194%$106.3061%MercadoLibre Inc.MELI-34.8%$1,316.28$2,020.0001/21/202187%$2,011.0053%Caesars Entertainment Inc.CZR-22.6%$92.78$119.8110/01/202194%$137.3648%Generac Holdings Inc.GNRC-33.6%$348.18$524.3111/02/202177%$514.1148%Alaska Air Group Inc.ALK-28.8%$52.90$74.2504/07/202193%$77.7147%PayPal Holdings Inc.PYPL-38.7%$190.10$310.1607/26/202184%$273.6544%CrowdStrike Holdings Inc. Class ACRWD-30.6%$207.23$298.4811/10/202186%$291.8841%Trip.com Group Ltd. ADRTCOM-48.5%$23.29$45.1903/17/202179%$32.7841%T-Mobile US Inc.TMUS-21.3%$118.16$150.2007/16/202181%$165.5140%Enphase Energy Inc.ENPH-33.9%$186.79$282.4611/22/202167%$260.9240%Global Payments Inc.GPN-38.8%$135.15$220.8104/26/202185%$188.4139%NetEase Inc. ADRNTES-27.7%$97.15$134.3302/11/202197%$134.5338%Activision Blizzard Inc.ATVI-36.2%$66.67$104.5302/16/202171%$90.8636%Southwest Airlines Co.LUV-34.7%$42.29$64.7504/14/202178%$57.3236%Fidelity National Information Services Inc.FIS-29.9%$109.29$155.9604/29/202174%$146.8634%Match Group Inc.MTCH-27.0%$132.94$182.0010/21/202168%$175.1132%Leidos Holdings Inc.LDOS-22.4%$88.26$113.7501/25/202171%$115.0030%WestRock Co.WRK-28.8%$44.19$62.0305/17/202167%$56.9229%Medtronic PLCMDT-23.1%$104.53$135.8909/09/202185%$134.5229%Teleflex Inc.TFX-26.6%$330.03$449.3804/28/202175%$424.1129%Zimmer Biomet Holdings Inc.ZBH-28.9%$128.21$180.3604/29/202168%$163.7128%PTC Inc.PTC-20.4%$122.34$153.7307/23/202171%$156.1528%Phillips 66PSX-21.6%$73.93$94.3406/10/202179%$93.5026%Boeing Co.BA-26.0%$206.13$278.5703/15/202173%$259.6126%Okta Inc. Class AOKTA-23.6%$224.47$294.0002/12/202182%$279.8825%Walt Disney Co.DIS-23.6%$155.20$203.0203/08/202170%$193.2925%Corning Inc.GLW-20.2%$37.35$46.8204/26/202169%$44.3819%Lamb Weston Holdings Inc.LW-28.0%$62.22$86.4103/08/202178%$73.2918%Source: FactSet","news_type":1},"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877865315,"gmtCreate":1637914968620,"gmtModify":1637914973558,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Medtecs rocket today","listText":"Medtecs rocket today","text":"Medtecs rocket today","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/877865315","repostId":"1180752156","repostType":2,"isVote":1,"tweetType":1,"viewCount":1162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874908362,"gmtCreate":1637716938616,"gmtModify":1637716938616,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Eyes on Mapletree","listText":"Eyes on Mapletree","text":"Eyes on Mapletree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874908362","repostId":"1136137207","repostType":4,"isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875655351,"gmtCreate":1637648452498,"gmtModify":1637648452633,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875655351","repostId":"1183083733","repostType":4,"repost":{"id":"1183083733","pubTimestamp":1637639124,"share":"https://www.laohu8.com/m/news/1183083733?lang=&edition=full","pubTime":"2021-11-23 11:45","market":"us","language":"en","title":"Apple: Widening Its Moat","url":"https://stock-news.laohu8.com/highlight/detail?id=1183083733","media":"Seeking Alpha","summary":"Summary\n\nWe still must question if Apple has a wide economic moat, but in the last few years the com","content":"<p><b>Summary</b></p>\n<ul>\n <li>We still must question if Apple has a wide economic moat, but in the last few years the company could definitely widen its moat.</li>\n <li>Not only did Apple start paying a dividend nine years ago, but the company also reduced the number of outstanding shares with a high pace.</li>\n <li>The stock is fairly valued right now, but it is depending a lot on the growth rates Apple can achieve in the years to come.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eee640d38ca964a8a25d978d1f858293\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>AleksandarNakic/iStock Unreleased via Getty Images</span></p>\n<p>When you are familiar with my past articles, you probably know my focus on companies with a wide economic moat. In the last five years I covered several small and rather unknown companies, but I also covered the biggest (by market capitalization) and well-known companies in the world like Amazon(NASDAQ:AMZN), Facebook(NASDAQ:FB), Alphabet(NASDAQ:GOOG)or Microsoft(NASDAQ:MSFT). One company I have never written about is the company, that was the most valuable company by market capitalization for quite some time (now surpassed by Microsoft): Apple Inc.(NASDAQ:AAPL).</p>\n<p>And there is a reason why I did not cover Apple: I always had doubts if Apple really has a wide economic moat around its business. Without any doubt, Apple is a great business and I use many of their products (this article is typed on my MacBook). And Apple has also been a great investment for almost everybody that bought in the past - and those investors that held the stock for 15 years or more got extremely rich. In 2016, even Warren Buffett, who is known to be very skeptic towards technology companies, invested in Apple and increased his stake over time. Berkshire Hathaway(NYSE:BRK.A)is holding 887 million shares right now.</p>\n<p>But in the past, I had my doubts if Apple has a wide economic moat, and this was the reason I skipped Apple. However, I see tendencies of Apple becoming a more and more \"moaty\" business and in the following article, we will take a closer look at the company and the stock.</p>\n<p><b>Business</b></p>\n<p>I don't think Apple needs any introduction and therefore we are just focusing on some important numbers. Despite seeing some fluctuations over the years, Apple could increase revenue, earnings per share and free cash flow with a solid pace over the last ten years. While revenue and free cash flow increased with a CAGR between 9% and 10%, earnings per share increased even with a CAGR of 15% in the last ten years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/463a85a56a8ddbaa8a13ab6871019c1f\" tg-width=\"640\" tg-height=\"400\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on numbers from Morningstar</span></p>\n<p>When looking at the last annual results, we also see impressive growth rates in fiscal 2021. Total net sales increased from $274,515 million in fiscal 2020 to $365,817 million in fiscal 2021 - reflecting an increase of 33.3% year-over-year. While product sales increased from $220,747 million in fiscal 2020 to $297,392 million in fiscal 2021 (34.7% growth), services sales increased from $53,768 million to $68,425 million (27.3% growth). When looking at the different categories, the iPhone is still responsible for the biggest part of revenue ($191,973 million; 52.5% of total sales). The second-biggest category are now \"Service\" sales ($68,425 million), which account for 18.7% of total revenue.</p>\n<p>Operating income increased from $66,288 million in fiscal 2020 to $108,949 million in fiscal 2021 - an increase of 64.4% and diluted earnings per share increased from $3.28 to $5.61 - an increase of 71.0%. Aside from the numbers, it is also worth pointing out, that revenue was $1.62 billion lower than analysts expected. For the first time since 2017, Apple missed quarterly revenue expectations.</p>\n<p><b>Shift to Services</b></p>\n<p>When trying to answer the question if Apple has a wide economic moat, we might start once again by describing what an economic moat is (and what it is not). A company does not have an economic moat just because it was successful in the past years or decades and could report impressive growth rates.</p>\n<p>An economic moat is a structural characteristic of the business, that makes it extremely hard to almost impossible for competitors to take market shares away. Apple is generating most of its revenue from products with a rather short product lifecycle and every time the consumer is buying a new smartphone, tablet or laptop the customer has the choice to buy another Apple product or chose the product of a competitor. The question right now is if Apple can \"force\" customers again and again to buy its products.</p>\n<p>When looking at the growth rates during the last decade (see section above) in combination with the solid gross margin and operating margin as well as high return on invested capital during the last ten years, we have several strong hints, that Apple might have a wide economic moat.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d459610d32e716c99ce90eec8d2eacdc\" tg-width=\"640\" tg-height=\"368\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on numbers from Morningstar</span></p>\n<p>The gross margin has been fluctuating a bit, but it was more or less stable around 40% and while the operating margin was rather declining for several years until 2019, it recently improved again. And an average return on invested capital of 29.94% during the last ten years is without any doubt impressive. Additionally, the outperformance of Apple vs. the S&amp;P 500(NYSEARCA:SPY)is another strong hint for a wide economic moat of Apple.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dcf35a5e59441bb44d46fd0be5aa6dd1\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>But the problem remains, that Apple is extremely dependent on its iPhone sales and if the iPhone is suddenly sold less or should become irrelevant by some other product, Apple would face a huge problem. One might argue that customers will choose Apple again and again due to the superiority of the products. But that is not an economic moat as Apple could fail to deliver great products and competitors might come up with better improvements and maybe offer better products even cheaper. And like Apple itself created an existential threat for Nokia Corporation(NYSE:NOK)&nbsp;in 2007, another company could come up with an innovative product replacing the smartphones as we know it.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf3dd42bc3be52653a0caa54efa1111e\" tg-width=\"640\" tg-height=\"358\" width=\"100%\" height=\"auto\"><span>Source: Author's work based on Apple's 10-Ks</span></p>\n<p>In the last few years however, iPhone sales were decreasing (in relation to total sales), while revenue from services was increasing. In 2018, about 62% of revenue stemmed from iPhone sales - three years later (in 2021) only 52.5% of total sales stemmed from iPhone sales. In the same timeframe, service sales have increased from 15% in 2018 to 18.7% in 2021.</p>\n<p>Service sales are including revenue from the app store, Apple music, Apple Pay or Apple TV+ and these sales can be seen as more consistent than iPhone sales as we are dealing with subscription models, and this is leading to more consistent revenue streams. And it might also help iPhone sales to be more consistent. If I have paid for several apps, maybe use Apple Music (although there are many other similar providers to which I can switch) and have stored my data in Apple's cloud, the incentive is much higher to buy an iPhone again to be able to use the services in a similar way.</p>\n<p>These switching costs are also increasing as Apple is selling more and more additional hardware devices. Sales from \"Wearables, Home and Accessories\" increased from 6.54% of total sales in 2018 to 10.49%. And customers who own not only an iPhone, but also a Mac and Apple Watch or Apple TVs are less likely to switch away from the Apple ecosystem. And the Apple ecosystem is also the key to its (wide) economic moat. The better the ecosystem, the higher the incentives to stay within the ecosystem. Switching costs are getting higher and higher when several services and products are embedded in such a way, that I can use them only in a reasonable way when I keep all these products.</p>\n<p>Warren Buffett is also famous for focusing on businesses, in which he can invest for the long run (several decades) and as he is the one who coined the term \"economic moat\" it should not be surprising that Berkshire Hathaway is focusing on businesses with a wide economic moat. And not only is Apple the biggest position in Berkshire's stock portfolio, but Buffett also spoke quite positive about Apple during the last shareholder meeting. Buffett mentioned the extremely loyal customer base, which might be less price conscious than the customers of rivals. He also pointed out, that Apple plays a huge role in the life of the customers and that people absolutely love Apple products. While this could point towards embeddedness, which is the source of a moat (switching costs), we also must be careful if we are not just describing a trend (which can last for several years, but suddenly also vanish). Owning an iPhone could be like a fashion trend, which is a must-have in one year and out in the next. Of course, the brand name also plays a role and could also be the source of a wide economic moat. I don't want to deny, that people might actually pay a higher price for Apple products and in many rankings (for example&nbsp;Interbrand), Apple is seen as the most valuable brands in the world.</p>\n<p>In the end, I think Apple's economic moat is getting stronger, but I still have my doubts, if Apple is fitting the description of a wide economic moat business.</p>\n<p><b>Balance Sheet</b></p>\n<p>Apple is also known for having a great balance sheet with little debt and a lot of cash and cash equivalents. And Apple still has an outstanding balance sheet - however it is not so impressive anymore. On September 25, 2021, Apple had $9,613 million in short-term debt and $109,106 million in long-term debt. Compared to a total shareholder's equity of $63,090 million this is resulting in a D/E ratio of 1.88 and twice the amount of debt than equity can be called rather high. However, when comparing the total debt to the operating income Apple can generate annually ($108,949 million in fiscal 2021), it would take only about one year to repay the total debt - and there is no reason to worry about the company's debt levels.</p>\n<p>But Apple has not only high debt levels on its balance sheet - the company also has $34,940 million in cash and cash equivalents, $27,699 million in current marketable securities and $127,877 million in non-current marketable securities. And when considering, that about 36% of total assets ($351,002 million) are in huge parts very liquid and \"high-quality\" assets (compared to goodwill for example, which Apple doesn't have any), Apple's balance sheet can be seen as great.</p>\n<p><b>Dividend and Share Buybacks</b></p>\n<p>As Apple became more and more a mature company (it is now almost 40 years old and one of the major corporations in the world), it is also not surprising for management to start paying a dividend. When companies are generating high amounts of free cash flow as there are not enough growth opportunities or potential acquisition targets, cash is often distributed to investors via dividends.</p>\n<p>Apple is already paying a dividend for nine years now and the company also increased the dividend every single year. We also should point out, that Apple has paid a dividend before: Until 1995, Apple paid a regular dividend, but between 1995 and 2012 no dividend was paid. In the last five years the dividend growth rate was 9.30% annually on average. Right now, Apple is paying a quarterly dividend of $0.22 resulting in an annual dividend of $0.88 and a dividend yield of only 0.58%. When using $5.61 in earnings per share (fiscal 2021), we get a payout ratio of 15.7% and should therefore not be worried about the dividend being sustainable or question the possibility of dividend increases in the years to come.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2e8b6c8767010ede92e0c1f7a090bf11\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>Almost at the same time as Apple started paying a quarterly dividend, the company also started using share buybacks as another tool to distribute cash to shareholders. In 2013, the number of outstanding shares peaked and in the last eight years Apple reduced the number of outstanding shares from 26.52 billion to 16.64 billion right now. As a result, Apple reduced the number of outstanding shares with a CAGR of 5.2% and share buybacks contributed a lot to Apple's bottom-line growth in the last few years.</p>\n<p>And about six months ago, during the&nbsp;second quarter earnings call, Apple announced:</p>\n<blockquote>\n Given the confidence we have in our business today and into the future, our Board has authorized an additional $90 billion for share repurchases.\n</blockquote>\n<p>In the third quarter, Apple repurchased about $17.5 billion worth of shares and in the fourth quarter, the company repurchased about $20 billion worth of shares. Therefore, about $52.5 billion are remaining for share repurchases but considering the high amounts of free cash flow Apple is generating every single year (almost $93 billion last year), we can be confident that Apple will continue to repurchase shares with a similar pace in the years to come.</p>\n<p><b>Intrinsic Value Calculation</b></p>\n<p>When trying to answer the question, if Apple is a good investment right now (or cheap), we can look at the price-earnings ratio. Right now, Apple is trading for 29.32 times earnings, which is one of the highest ratios for Apple in the last ten years. The average P/E ratio for Apple was 17.67 during the last ten years. The picture for the price-free-cash-flow ratio is similar. Right now, Apple is trading for 26.90 times free cash flow, while the 10-year average was 15.36.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/83a0a17ab6d91e765a520a938863ec1f\" tg-width=\"635\" tg-height=\"433\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>And when looking at the P/E ratios some other companies are trading for, a ratio in the high 20s seems not so extreme. But we also must keep in mind, how extremely overvalued the market is right now. And we still need to answer the question, why Apple should deserve a much higher P/E ratio now than in the past few years. One could argue that the shift towards service sales and the higher stickiness would justify a higher valuation multiple for Apple. Considering past growth rates (double-digit growth rates), we can also argue, that past valuation multiples might not have been representative of Apple's growth potential. But we also must keep in mind, that we are mostly talking about the last 15 years when talking about the extremely successful company we associate with Apple today.</p>\n<p>Many other companies I covered over the years with a wide economic moat have been successful and highly profitable for much longer timeframes and demonstrated much higher levels of stability and consistency.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c051adebf79173785b07eb23bc73521d\" tg-width=\"640\" tg-height=\"295\" width=\"100%\" height=\"auto\"><span>Source: Author's work</span></p>\n<p>And we clearly see growth rates slowing down, but the 10-year CAGR for earnings per share in fiscal 2021 was still 18.94% - an extremely high growth rate, most businesses never achieve.</p>\n<p>When using a discount cash flow calculation to determine an intrinsic value for Apple, we can use the free cash flow of the last four quarters ($92,953 million). In order to be fairly valued, Apple has to grow more than 6% annually from now till perpetuity. And when looking at the CAGR in the last ten years as well as the CAGR between 1990 and today (18.38% annual growth on average), which is including the 1990s in which Apple struggled, it seems almost laughable to argue if Apple can achieve 6% growth annually.</p>\n<p>But we also must keep the scenario in mind, that Apple's iPhone sales might decline, which could create a huge problem - and that risk is most likely the reason why Apple has always been trading at rather low valuation multiples - despite extremely impressive growth rates.</p>\n<p>One final argument: Since 2013, Apple decreased the number of outstanding shares about 5% annually, which is by itself almost enough to increase the bottom line 6% annually. Of course, Apple will probably generate less free cash flow if iPhone sales should decline, but 6% growth seem achievable.</p>\n<p><b>Conclusion</b></p>\n<p>While I still have my doubts if Apple has a wide economic moat around its business, we are clearly talking about a great business, which will most likely continue to outperform in the years to come. And although Apple is diversifying and creating a business, that is becoming more and more sticky for its customers, I still see the risk of the iPhone and iPad suddenly getting replaced by better and completely new products, which could generate a huge problem for Apple. And although Apple has proven again and again, that it is a visionary company with enormous amounts of cash to spend on R&amp;D and although it is seen as the most innovative company in the world (ranked by Boston Consulting Group), I don't know if the company has the necessary defensibility to protect its revenue stream against some (potential) innovation replacing the iPhone. And without these levels of defensibility, we must question if Apple can be called a wide economic moat company - although the moat is getting stronger from year to year.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Widening Its Moat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Widening Its Moat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-23 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4471157-apple-widening-its-moat><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWe still must question if Apple has a wide economic moat, but in the last few years the company could definitely widen its moat.\nNot only did Apple start paying a dividend nine years ago, but...</p>\n\n<a href=\"https://seekingalpha.com/article/4471157-apple-widening-its-moat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4471157-apple-widening-its-moat","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183083733","content_text":"Summary\n\nWe still must question if Apple has a wide economic moat, but in the last few years the company could definitely widen its moat.\nNot only did Apple start paying a dividend nine years ago, but the company also reduced the number of outstanding shares with a high pace.\nThe stock is fairly valued right now, but it is depending a lot on the growth rates Apple can achieve in the years to come.\n\nAleksandarNakic/iStock Unreleased via Getty Images\nWhen you are familiar with my past articles, you probably know my focus on companies with a wide economic moat. In the last five years I covered several small and rather unknown companies, but I also covered the biggest (by market capitalization) and well-known companies in the world like Amazon(NASDAQ:AMZN), Facebook(NASDAQ:FB), Alphabet(NASDAQ:GOOG)or Microsoft(NASDAQ:MSFT). One company I have never written about is the company, that was the most valuable company by market capitalization for quite some time (now surpassed by Microsoft): Apple Inc.(NASDAQ:AAPL).\nAnd there is a reason why I did not cover Apple: I always had doubts if Apple really has a wide economic moat around its business. Without any doubt, Apple is a great business and I use many of their products (this article is typed on my MacBook). And Apple has also been a great investment for almost everybody that bought in the past - and those investors that held the stock for 15 years or more got extremely rich. In 2016, even Warren Buffett, who is known to be very skeptic towards technology companies, invested in Apple and increased his stake over time. Berkshire Hathaway(NYSE:BRK.A)is holding 887 million shares right now.\nBut in the past, I had my doubts if Apple has a wide economic moat, and this was the reason I skipped Apple. However, I see tendencies of Apple becoming a more and more \"moaty\" business and in the following article, we will take a closer look at the company and the stock.\nBusiness\nI don't think Apple needs any introduction and therefore we are just focusing on some important numbers. Despite seeing some fluctuations over the years, Apple could increase revenue, earnings per share and free cash flow with a solid pace over the last ten years. While revenue and free cash flow increased with a CAGR between 9% and 10%, earnings per share increased even with a CAGR of 15% in the last ten years.\nSource: Author's work based on numbers from Morningstar\nWhen looking at the last annual results, we also see impressive growth rates in fiscal 2021. Total net sales increased from $274,515 million in fiscal 2020 to $365,817 million in fiscal 2021 - reflecting an increase of 33.3% year-over-year. While product sales increased from $220,747 million in fiscal 2020 to $297,392 million in fiscal 2021 (34.7% growth), services sales increased from $53,768 million to $68,425 million (27.3% growth). When looking at the different categories, the iPhone is still responsible for the biggest part of revenue ($191,973 million; 52.5% of total sales). The second-biggest category are now \"Service\" sales ($68,425 million), which account for 18.7% of total revenue.\nOperating income increased from $66,288 million in fiscal 2020 to $108,949 million in fiscal 2021 - an increase of 64.4% and diluted earnings per share increased from $3.28 to $5.61 - an increase of 71.0%. Aside from the numbers, it is also worth pointing out, that revenue was $1.62 billion lower than analysts expected. For the first time since 2017, Apple missed quarterly revenue expectations.\nShift to Services\nWhen trying to answer the question if Apple has a wide economic moat, we might start once again by describing what an economic moat is (and what it is not). A company does not have an economic moat just because it was successful in the past years or decades and could report impressive growth rates.\nAn economic moat is a structural characteristic of the business, that makes it extremely hard to almost impossible for competitors to take market shares away. Apple is generating most of its revenue from products with a rather short product lifecycle and every time the consumer is buying a new smartphone, tablet or laptop the customer has the choice to buy another Apple product or chose the product of a competitor. The question right now is if Apple can \"force\" customers again and again to buy its products.\nWhen looking at the growth rates during the last decade (see section above) in combination with the solid gross margin and operating margin as well as high return on invested capital during the last ten years, we have several strong hints, that Apple might have a wide economic moat.\nSource: Author's work based on numbers from Morningstar\nThe gross margin has been fluctuating a bit, but it was more or less stable around 40% and while the operating margin was rather declining for several years until 2019, it recently improved again. And an average return on invested capital of 29.94% during the last ten years is without any doubt impressive. Additionally, the outperformance of Apple vs. the S&P 500(NYSEARCA:SPY)is another strong hint for a wide economic moat of Apple.\nData by YCharts\nBut the problem remains, that Apple is extremely dependent on its iPhone sales and if the iPhone is suddenly sold less or should become irrelevant by some other product, Apple would face a huge problem. One might argue that customers will choose Apple again and again due to the superiority of the products. But that is not an economic moat as Apple could fail to deliver great products and competitors might come up with better improvements and maybe offer better products even cheaper. And like Apple itself created an existential threat for Nokia Corporation(NYSE:NOK) in 2007, another company could come up with an innovative product replacing the smartphones as we know it.\nSource: Author's work based on Apple's 10-Ks\nIn the last few years however, iPhone sales were decreasing (in relation to total sales), while revenue from services was increasing. In 2018, about 62% of revenue stemmed from iPhone sales - three years later (in 2021) only 52.5% of total sales stemmed from iPhone sales. In the same timeframe, service sales have increased from 15% in 2018 to 18.7% in 2021.\nService sales are including revenue from the app store, Apple music, Apple Pay or Apple TV+ and these sales can be seen as more consistent than iPhone sales as we are dealing with subscription models, and this is leading to more consistent revenue streams. And it might also help iPhone sales to be more consistent. If I have paid for several apps, maybe use Apple Music (although there are many other similar providers to which I can switch) and have stored my data in Apple's cloud, the incentive is much higher to buy an iPhone again to be able to use the services in a similar way.\nThese switching costs are also increasing as Apple is selling more and more additional hardware devices. Sales from \"Wearables, Home and Accessories\" increased from 6.54% of total sales in 2018 to 10.49%. And customers who own not only an iPhone, but also a Mac and Apple Watch or Apple TVs are less likely to switch away from the Apple ecosystem. And the Apple ecosystem is also the key to its (wide) economic moat. The better the ecosystem, the higher the incentives to stay within the ecosystem. Switching costs are getting higher and higher when several services and products are embedded in such a way, that I can use them only in a reasonable way when I keep all these products.\nWarren Buffett is also famous for focusing on businesses, in which he can invest for the long run (several decades) and as he is the one who coined the term \"economic moat\" it should not be surprising that Berkshire Hathaway is focusing on businesses with a wide economic moat. And not only is Apple the biggest position in Berkshire's stock portfolio, but Buffett also spoke quite positive about Apple during the last shareholder meeting. Buffett mentioned the extremely loyal customer base, which might be less price conscious than the customers of rivals. He also pointed out, that Apple plays a huge role in the life of the customers and that people absolutely love Apple products. While this could point towards embeddedness, which is the source of a moat (switching costs), we also must be careful if we are not just describing a trend (which can last for several years, but suddenly also vanish). Owning an iPhone could be like a fashion trend, which is a must-have in one year and out in the next. Of course, the brand name also plays a role and could also be the source of a wide economic moat. I don't want to deny, that people might actually pay a higher price for Apple products and in many rankings (for example Interbrand), Apple is seen as the most valuable brands in the world.\nIn the end, I think Apple's economic moat is getting stronger, but I still have my doubts, if Apple is fitting the description of a wide economic moat business.\nBalance Sheet\nApple is also known for having a great balance sheet with little debt and a lot of cash and cash equivalents. And Apple still has an outstanding balance sheet - however it is not so impressive anymore. On September 25, 2021, Apple had $9,613 million in short-term debt and $109,106 million in long-term debt. Compared to a total shareholder's equity of $63,090 million this is resulting in a D/E ratio of 1.88 and twice the amount of debt than equity can be called rather high. However, when comparing the total debt to the operating income Apple can generate annually ($108,949 million in fiscal 2021), it would take only about one year to repay the total debt - and there is no reason to worry about the company's debt levels.\nBut Apple has not only high debt levels on its balance sheet - the company also has $34,940 million in cash and cash equivalents, $27,699 million in current marketable securities and $127,877 million in non-current marketable securities. And when considering, that about 36% of total assets ($351,002 million) are in huge parts very liquid and \"high-quality\" assets (compared to goodwill for example, which Apple doesn't have any), Apple's balance sheet can be seen as great.\nDividend and Share Buybacks\nAs Apple became more and more a mature company (it is now almost 40 years old and one of the major corporations in the world), it is also not surprising for management to start paying a dividend. When companies are generating high amounts of free cash flow as there are not enough growth opportunities or potential acquisition targets, cash is often distributed to investors via dividends.\nApple is already paying a dividend for nine years now and the company also increased the dividend every single year. We also should point out, that Apple has paid a dividend before: Until 1995, Apple paid a regular dividend, but between 1995 and 2012 no dividend was paid. In the last five years the dividend growth rate was 9.30% annually on average. Right now, Apple is paying a quarterly dividend of $0.22 resulting in an annual dividend of $0.88 and a dividend yield of only 0.58%. When using $5.61 in earnings per share (fiscal 2021), we get a payout ratio of 15.7% and should therefore not be worried about the dividend being sustainable or question the possibility of dividend increases in the years to come.\nData by YCharts\nAlmost at the same time as Apple started paying a quarterly dividend, the company also started using share buybacks as another tool to distribute cash to shareholders. In 2013, the number of outstanding shares peaked and in the last eight years Apple reduced the number of outstanding shares from 26.52 billion to 16.64 billion right now. As a result, Apple reduced the number of outstanding shares with a CAGR of 5.2% and share buybacks contributed a lot to Apple's bottom-line growth in the last few years.\nAnd about six months ago, during the second quarter earnings call, Apple announced:\n\n Given the confidence we have in our business today and into the future, our Board has authorized an additional $90 billion for share repurchases.\n\nIn the third quarter, Apple repurchased about $17.5 billion worth of shares and in the fourth quarter, the company repurchased about $20 billion worth of shares. Therefore, about $52.5 billion are remaining for share repurchases but considering the high amounts of free cash flow Apple is generating every single year (almost $93 billion last year), we can be confident that Apple will continue to repurchase shares with a similar pace in the years to come.\nIntrinsic Value Calculation\nWhen trying to answer the question, if Apple is a good investment right now (or cheap), we can look at the price-earnings ratio. Right now, Apple is trading for 29.32 times earnings, which is one of the highest ratios for Apple in the last ten years. The average P/E ratio for Apple was 17.67 during the last ten years. The picture for the price-free-cash-flow ratio is similar. Right now, Apple is trading for 26.90 times free cash flow, while the 10-year average was 15.36.\nData by YCharts\nAnd when looking at the P/E ratios some other companies are trading for, a ratio in the high 20s seems not so extreme. But we also must keep in mind, how extremely overvalued the market is right now. And we still need to answer the question, why Apple should deserve a much higher P/E ratio now than in the past few years. One could argue that the shift towards service sales and the higher stickiness would justify a higher valuation multiple for Apple. Considering past growth rates (double-digit growth rates), we can also argue, that past valuation multiples might not have been representative of Apple's growth potential. But we also must keep in mind, that we are mostly talking about the last 15 years when talking about the extremely successful company we associate with Apple today.\nMany other companies I covered over the years with a wide economic moat have been successful and highly profitable for much longer timeframes and demonstrated much higher levels of stability and consistency.\nSource: Author's work\nAnd we clearly see growth rates slowing down, but the 10-year CAGR for earnings per share in fiscal 2021 was still 18.94% - an extremely high growth rate, most businesses never achieve.\nWhen using a discount cash flow calculation to determine an intrinsic value for Apple, we can use the free cash flow of the last four quarters ($92,953 million). In order to be fairly valued, Apple has to grow more than 6% annually from now till perpetuity. And when looking at the CAGR in the last ten years as well as the CAGR between 1990 and today (18.38% annual growth on average), which is including the 1990s in which Apple struggled, it seems almost laughable to argue if Apple can achieve 6% growth annually.\nBut we also must keep the scenario in mind, that Apple's iPhone sales might decline, which could create a huge problem - and that risk is most likely the reason why Apple has always been trading at rather low valuation multiples - despite extremely impressive growth rates.\nOne final argument: Since 2013, Apple decreased the number of outstanding shares about 5% annually, which is by itself almost enough to increase the bottom line 6% annually. Of course, Apple will probably generate less free cash flow if iPhone sales should decline, but 6% growth seem achievable.\nConclusion\nWhile I still have my doubts if Apple has a wide economic moat around its business, we are clearly talking about a great business, which will most likely continue to outperform in the years to come. And although Apple is diversifying and creating a business, that is becoming more and more sticky for its customers, I still see the risk of the iPhone and iPad suddenly getting replaced by better and completely new products, which could generate a huge problem for Apple. And although Apple has proven again and again, that it is a visionary company with enormous amounts of cash to spend on R&D and although it is seen as the most innovative company in the world (ranked by Boston Consulting Group), I don't know if the company has the necessary defensibility to protect its revenue stream against some (potential) innovation replacing the iPhone. And without these levels of defensibility, we must question if Apple can be called a wide economic moat company - although the moat is getting stronger from year to year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875655915,"gmtCreate":1637648391022,"gmtModify":1637648391022,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875655915","repostId":"1104059053","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":875094067,"gmtCreate":1637585018258,"gmtModify":1637585018258,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/875094067","repostId":"1148656470","repostType":2,"isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692907987,"gmtCreate":1640821510738,"gmtModify":1640821510936,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Yes!","listText":"Yes!","text":"Yes!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692907987","repostId":"2195457559","repostType":2,"isVote":1,"tweetType":1,"viewCount":622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692905883,"gmtCreate":1640821106223,"gmtModify":1640821106449,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Hurray!","listText":"Hurray!","text":"Hurray!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692905883","repostId":"2195571463","repostType":2,"repost":{"id":"2195571463","pubTimestamp":1640797366,"share":"https://www.laohu8.com/m/news/2195571463?lang=&edition=full","pubTime":"2021-12-30 01:02","market":"us","language":"en","title":"Why Tesla stock may be headed to $1,800: analyst","url":"https://stock-news.laohu8.com/highlight/detail?id=2195571463","media":"Yahoo Finance","summary":"Tesla's stock (TSLA) has a clear shot to more fertile grounds, contends long-time bullish analyst Da","content":"<html><body><p>Tesla's stock (TSLA) has a clear shot to more fertile grounds, contends long-time bullish analyst Dan Ives at Wedbush. </p>\n<p>\"Demand for China is the linchpin. As capacity builds in Berlin and Austin, that's what I think sends Tesla's stock to $1,400 as our base case. Our bull case is $1,800,\" Ives said on Yahoo Finance Live. Ives rates Tesla at Outperform, and is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the most upbeat analysts on the Street on the EV maker. </p>\n<p>Tesla shares traded at $1,080 as of this writing. </p>\n<p>Ives' hearty price target on Tesla's stock is a function of two factors.</p>\n<p>First, Ives estimates 40% of Tesla's deliveries in 2022 will be derived from the lucrative China market. And two, the supply chain issues (namely semiconductor shortages) that have plagued automakers this year will abate in 2022. In turn, Tesla stands to surprise the Street by delivering close to 1.5 million units by year-end.</p>\n<p>The return to a focus on Tesla's fundamentals would be welcome news for the automaker's bulls.</p>\n<p>Tesla shares have come under pressure in December as CEO Elon Musk sells down his stake in the company to meet tax obligations. Musk has sold roughly 15.6 million shares for a shade over $16 billion, bringing him close to unloading 10% of his stake in the company as planned.</p>\n<div>\n</div>\n<p>Despite the recent pressure on Tesla's stock, Ives isn't alone in staying rosy on the company ahead of 2022. </p>\n<p>\"All in, with considerable volume, cost and operating leverage momentum, we continue to see large upside to 2022 consensus expectations, depending on execution of new factories ramp-up, and supply chain bottlenecks. Mid-term, we believe Tesla’s impressive trajectory for its battery technology, capacity and especially cost will continue to accelerate the world’s shift to electric vehicles and extend Tesla’s lead considerably. It should also enable Tesla to keep expanding its operating margins, likely exceeding 20% over the next few years, representing very best-in-class performance,\" says Deutsche Bank analyst Emmanuel Rosner. </p>\n<p>Rosner rates Tesla a Buy with a $1,000 price target.</p>\n<p><strong><em>Brian Sozzi</em></strong><strong><em> is an editor-at-large and </em></strong><strong><em>anchor at Yahoo Finance</em></strong><strong><em>. Follow Sozzi on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> </em></strong><strong><em>@BrianSozzi</em></strong><strong><em> and on </em></strong><strong><em>LinkedIn</em></strong><strong><em>.</em></strong></p>\n<figure>\n<img src=\"https://s.yimg.com/os/creatr-uploaded-images/2021-06/3921e250-d456-11eb-b8f6-884493f3555b\"/>\n<figcaption></figcaption>\n</figure>\n<ul>\n<li><p><strong>Read the latest financial and business news from Yahoo Finance</strong></p></li>\n</ul>\n<p><strong><em>Follow Yahoo Finance on </em></strong><strong><em>Twitter</em></strong><strong><em>, </em></strong><strong><em>Facebook</em></strong><strong><em>, </em></strong><strong><em>Instagram</em></strong><strong><em>, </em></strong><strong><em>Flipboard</em></strong><strong><em>, </em></strong><strong><em>LinkedIn</em></strong><strong><em>,</em></strong><strong><em> YouTube</em></strong><strong><em>, and </em></strong><strong><em>reddit</em></strong></p></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Tesla stock may be headed to $1,800: analyst</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Tesla stock may be headed to $1,800: analyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-30 01:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/why-tesla-stock-may-be-headed-to-1800-analyst-170246746.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla's stock (TSLA) has a clear shot to more fertile grounds, contends long-time bullish analyst Dan Ives at Wedbush. \n\"Demand for China is the linchpin. As capacity builds in Berlin and Austin, that...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-tesla-stock-may-be-headed-to-1800-analyst-170246746.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://s.yimg.com/uu/api/res/1.2/FVQmh67pVHL1EkoRSQlFBQ--~B/aD0zNzQ0O3c9NTYxNjthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2021-12/96a95370-68c8-11ec-9e4e-4da7bd3711c0","relate_stocks":{"BK4550":"红杉资本持仓","BK4099":"汽车制造商","NIO":"蔚来","TSLA":"特斯拉","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","XPEV":"小鹏汽车","RIVN":"Rivian Automotive, Inc.","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车"},"source_url":"https://finance.yahoo.com/news/why-tesla-stock-may-be-headed-to-1800-analyst-170246746.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2195571463","content_text":"Tesla's stock (TSLA) has a clear shot to more fertile grounds, contends long-time bullish analyst Dan Ives at Wedbush. \n\"Demand for China is the linchpin. As capacity builds in Berlin and Austin, that's what I think sends Tesla's stock to $1,400 as our base case. Our bull case is $1,800,\" Ives said on Yahoo Finance Live. Ives rates Tesla at Outperform, and is one of the most upbeat analysts on the Street on the EV maker. \nTesla shares traded at $1,080 as of this writing. \nIves' hearty price target on Tesla's stock is a function of two factors.\nFirst, Ives estimates 40% of Tesla's deliveries in 2022 will be derived from the lucrative China market. And two, the supply chain issues (namely semiconductor shortages) that have plagued automakers this year will abate in 2022. In turn, Tesla stands to surprise the Street by delivering close to 1.5 million units by year-end.\nThe return to a focus on Tesla's fundamentals would be welcome news for the automaker's bulls.\nTesla shares have come under pressure in December as CEO Elon Musk sells down his stake in the company to meet tax obligations. Musk has sold roughly 15.6 million shares for a shade over $16 billion, bringing him close to unloading 10% of his stake in the company as planned.\n\n\nDespite the recent pressure on Tesla's stock, Ives isn't alone in staying rosy on the company ahead of 2022. \n\"All in, with considerable volume, cost and operating leverage momentum, we continue to see large upside to 2022 consensus expectations, depending on execution of new factories ramp-up, and supply chain bottlenecks. Mid-term, we believe Tesla’s impressive trajectory for its battery technology, capacity and especially cost will continue to accelerate the world’s shift to electric vehicles and extend Tesla’s lead considerably. It should also enable Tesla to keep expanding its operating margins, likely exceeding 20% over the next few years, representing very best-in-class performance,\" says Deutsche Bank analyst Emmanuel Rosner. \nRosner rates Tesla a Buy with a $1,000 price target.\nBrian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.\n\n\n\n\n\nRead the latest financial and business news from Yahoo Finance\n\nFollow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn, YouTube, and reddit","news_type":1},"isVote":1,"tweetType":1,"viewCount":736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692902516,"gmtCreate":1640820949349,"gmtModify":1640820949550,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Looking forward to more exciting advances.&nbsp;","listText":"Looking forward to more exciting advances.&nbsp;","text":"Looking forward to more exciting advances.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692902516","repostId":"2195465865","repostType":2,"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696534891,"gmtCreate":1640733141149,"gmtModify":1640733141371,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Potential here","listText":"Potential here","text":"Potential here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696534891","repostId":"2195436040","repostType":2,"repost":{"id":"2195436040","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":1640713740,"share":"https://www.laohu8.com/m/news/2195436040?lang=&edition=full","pubTime":"2021-12-29 01:49","market":"us","language":"en","title":"Tesla stock in danger of snapping win streak, while Argus Research analyst boosts price target by 30%","url":"https://stock-news.laohu8.com/highlight/detail?id=2195436040","media":"Dow Jones","summary":"MW Tesla stock in danger of snapping win streak, while Argus Research analyst boosts price target by","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Tesla stock in danger of snapping win streak, while Argus Research analyst boosts price target by 30%\n</p>\n<p>\n  Shares of Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> slipped 0.2% in midday trading Tuesday, paring earlier gains of as much as 2.3%, and putting them in danger of their first loss in five sessions. Meanwhile, Argus Research analyst Bill Selesky affirmed his buy rating and boosted his stock price target by 30%, to $1,313 from $1,010, citing an improved earnings outlook and as Chief Executive Elon Musk appears to have completed his stock sales. Selesky said Telsa is the \"undisputed leader\" in the electric vehicle industry, with \"unparalleled\" brand recognition. \"Additionally, Tesla's recent announcement to open its Supercharger Network to other non-Tesla vehicles is a brilliant strategy, in our opinion, as Tesla not only has the largest fast-charging network in the world, which would benefit any EV owner, but it would also generate a new and potentially immense revenue stream in the years ahead by charging non-Tesla EV owners a fee for the use of a fast-charging Tesla Supercharger,\" Selesky wrote in a note to clients. Tesla's stock, which soared 21.6% during a four-day win streak through Monday, has run up 54.7% this year while the S&amp;P 500 has gained 27.3%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 28, 2021 12:49 ET (17:49 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></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>Tesla stock in danger of snapping win streak, while Argus Research analyst boosts price target by 30%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla stock in danger of snapping win streak, while Argus Research analyst boosts price target by 30%\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\">2021-12-29 01:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Tesla stock in danger of snapping win streak, while Argus Research analyst boosts price target by 30%\n</p>\n<p>\n  Shares of Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> slipped 0.2% in midday trading Tuesday, paring earlier gains of as much as 2.3%, and putting them in danger of their first loss in five sessions. Meanwhile, Argus Research analyst Bill Selesky affirmed his buy rating and boosted his stock price target by 30%, to $1,313 from $1,010, citing an improved earnings outlook and as Chief Executive Elon Musk appears to have completed his stock sales. Selesky said Telsa is the \"undisputed leader\" in the electric vehicle industry, with \"unparalleled\" brand recognition. \"Additionally, Tesla's recent announcement to open its Supercharger Network to other non-Tesla vehicles is a brilliant strategy, in our opinion, as Tesla not only has the largest fast-charging network in the world, which would benefit any EV owner, but it would also generate a new and potentially immense revenue stream in the years ahead by charging non-Tesla EV owners a fee for the use of a fast-charging Tesla Supercharger,\" Selesky wrote in a note to clients. Tesla's stock, which soared 21.6% during a four-day win streak through Monday, has run up 54.7% this year while the S&amp;P 500 has gained 27.3%. \n</p>\n<p>\n  -Tomi Kilgore \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  December 28, 2021 12:49 ET (17:49 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","TSLA":"特斯拉","BK4099":"汽车制造商","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4534":"瑞士信贷持仓"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195436040","content_text":"MW Tesla stock in danger of snapping win streak, while Argus Research analyst boosts price target by 30%\n\n\n  Shares of Tesla Inc. $(TSLA)$ slipped 0.2% in midday trading Tuesday, paring earlier gains of as much as 2.3%, and putting them in danger of their first loss in five sessions. Meanwhile, Argus Research analyst Bill Selesky affirmed his buy rating and boosted his stock price target by 30%, to $1,313 from $1,010, citing an improved earnings outlook and as Chief Executive Elon Musk appears to have completed his stock sales. Selesky said Telsa is the \"undisputed leader\" in the electric vehicle industry, with \"unparalleled\" brand recognition. \"Additionally, Tesla's recent announcement to open its Supercharger Network to other non-Tesla vehicles is a brilliant strategy, in our opinion, as Tesla not only has the largest fast-charging network in the world, which would benefit any EV owner, but it would also generate a new and potentially immense revenue stream in the years ahead by charging non-Tesla EV owners a fee for the use of a fast-charging Tesla Supercharger,\" Selesky wrote in a note to clients. Tesla's stock, which soared 21.6% during a four-day win streak through Monday, has run up 54.7% this year while the S&P 500 has gained 27.3%. \n\n\n  -Tomi Kilgore \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  December 28, 2021 12:49 ET (17:49 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":737,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696535465,"gmtCreate":1640732986161,"gmtModify":1640732986389,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Tesla is more than EV","listText":"Tesla is more than EV","text":"Tesla is more than EV","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696535465","repostId":"1177575838","repostType":2,"repost":{"id":"1177575838","pubTimestamp":1640677245,"share":"https://www.laohu8.com/m/news/1177575838?lang=&edition=full","pubTime":"2021-12-28 15:40","market":"us","language":"en","title":"Tesla Stock Is Having One of Its Best Years Ever. It Wasn’t Easy.","url":"https://stock-news.laohu8.com/highlight/detail?id=1177575838","media":"Barrons","summary":"Tesla stock is about to post its third-best year since going public in 2010. So why does it feel lik","content":"<p>Tesla&nbsp;stock is about to post its third-best year since going public in 2010. So why does it feel like a failure?</p>\n<p>Based on numbers alone, it’s hard to think that 2021 has been anything but a success. Tesla stock has gained 56%, more than double the&nbsp;S&amp;P 500’s&nbsp;27% rise. This was also the year when every auto maker, including&nbsp;Ford Motor&nbsp;(ticker: F) and&nbsp;General Motors&nbsp;(GM), decided all together that Elon Musk was right, that electric vehicles are the future, and they’d better do something to narrow the gap—and fast.</p>\n<p>And yet, no one seems very excited about the stock right now. Part of that appears to be a result of Musk himself, an always polarizing figure who became even more polarizing in 2021. If it weren’t his posts on Twitter about&nbsp;Dogecoin,it was his battle with the Biden administration and his inability to ignore the criticism launched at him by politicians, often in language we don’t expect from the head of a major U.S. corporation.</p>\n<p>Musk is one of the great CEOs of all time, almost single-handedly responsible for making EVs real—and for showing that there’s a future in space—and yet he seems unable to let his work speak for him.</p>\n<p>Then there’s all the hoopla around Musk’s sale of company stock. Never mind that his holdings keep growing even as he sells because he’s converting options into stock and selling a percentage to cover the taxes. But Musk’s Twitter pollover whether he should sell put undue focus on what could have been just a normal set of sales—if anything Musk does is ever normal—instead became a spectacle. Tesla shares (TSLA) tumbled16% from Nov. 8 through its Dec. 20 low, but is now down just 4%, with Tesla up 2.5% on Monday.</p>\n<p>That’s all noise, though. The final reason might be new competition that Tesla faces. Ford and GM are racing to get their EVs on the market, including all-electric versions of their most popular vehicles. Startups like&nbsp;Nikola&nbsp;(NKLA),Lucid&nbsp;(LICD), and&nbsp;Rivian Automotive&nbsp;(RIVN) have started delivering vehicles, and Rivian has a customer in&nbsp;Amazon.com&nbsp;(AMZN)—also an investor in the company—that could buy 300,000 trucks by 2026, according to Morgan Stanley analysts.</p>\n<p>It’s the latter that might be Tesla’s biggest challenge. For years, Tesla had the EV market to itself, and it took full advantage. Now, it gets harder. That’s not to say that Tesla won’t continue to grow, and perhaps even dominate. But before, Tesla just had to prove that people wanted to buy electric vehicles, that it could develop scale. Now, it needs to demonstrate that it can hold on to its lead.</p>\n<p>Still, Tesla stock has dropped just once since going public in 2010—in 2016, when it fell 11%. And the stock gained more than 740% in 2020, making even a 50%-plus increase feel anticlimactic.</p>\n<p>And maybe that’s why Tesla’s year feels so ho-hum. Investors might just be spoiled.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Is Having One of Its Best Years Ever. It Wasn’t Easy.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Stock Is Having One of Its Best Years Ever. It Wasn’t Easy.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-28 15:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-price-year-performance-51640627837?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla stock is about to post its third-best year since going public in 2010. So why does it feel like a failure?\nBased on numbers alone, it’s hard to think that 2021 has been anything but a success. ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-price-year-performance-51640627837?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-price-year-performance-51640627837?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177575838","content_text":"Tesla stock is about to post its third-best year since going public in 2010. So why does it feel like a failure?\nBased on numbers alone, it’s hard to think that 2021 has been anything but a success. Tesla stock has gained 56%, more than double the S&P 500’s 27% rise. This was also the year when every auto maker, including Ford Motor (ticker: F) and General Motors (GM), decided all together that Elon Musk was right, that electric vehicles are the future, and they’d better do something to narrow the gap—and fast.\nAnd yet, no one seems very excited about the stock right now. Part of that appears to be a result of Musk himself, an always polarizing figure who became even more polarizing in 2021. If it weren’t his posts on Twitter about Dogecoin,it was his battle with the Biden administration and his inability to ignore the criticism launched at him by politicians, often in language we don’t expect from the head of a major U.S. corporation.\nMusk is one of the great CEOs of all time, almost single-handedly responsible for making EVs real—and for showing that there’s a future in space—and yet he seems unable to let his work speak for him.\nThen there’s all the hoopla around Musk’s sale of company stock. Never mind that his holdings keep growing even as he sells because he’s converting options into stock and selling a percentage to cover the taxes. But Musk’s Twitter pollover whether he should sell put undue focus on what could have been just a normal set of sales—if anything Musk does is ever normal—instead became a spectacle. Tesla shares (TSLA) tumbled16% from Nov. 8 through its Dec. 20 low, but is now down just 4%, with Tesla up 2.5% on Monday.\nThat’s all noise, though. The final reason might be new competition that Tesla faces. Ford and GM are racing to get their EVs on the market, including all-electric versions of their most popular vehicles. Startups like Nikola (NKLA),Lucid (LICD), and Rivian Automotive (RIVN) have started delivering vehicles, and Rivian has a customer in Amazon.com (AMZN)—also an investor in the company—that could buy 300,000 trucks by 2026, according to Morgan Stanley analysts.\nIt’s the latter that might be Tesla’s biggest challenge. For years, Tesla had the EV market to itself, and it took full advantage. Now, it gets harder. That’s not to say that Tesla won’t continue to grow, and perhaps even dominate. But before, Tesla just had to prove that people wanted to buy electric vehicles, that it could develop scale. Now, it needs to demonstrate that it can hold on to its lead.\nStill, Tesla stock has dropped just once since going public in 2010—in 2016, when it fell 11%. And the stock gained more than 740% in 2020, making even a 50%-plus increase feel anticlimactic.\nAnd maybe that’s why Tesla’s year feels so ho-hum. Investors might just be spoiled.","news_type":1},"isVote":1,"tweetType":1,"viewCount":804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696202525,"gmtCreate":1640697275019,"gmtModify":1640697275242,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"Tesla $100?","listText":"Tesla $100?","text":"Tesla $100?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696202525","repostId":"2194428109","repostType":2,"repost":{"id":"2194428109","pubTimestamp":1640676432,"share":"https://www.laohu8.com/m/news/2194428109?lang=&edition=full","pubTime":"2021-12-28 15:27","market":"us","language":"en","title":"2 No-Brainer Stocks to Buy Right Now for Less Than $100","url":"https://stock-news.laohu8.com/highlight/detail?id=2194428109","media":"Motley Fool","summary":"A small amount of money can go a long way with these two high-quality stocks.","content":"<p>The widely followed <b>S&amp;P 500</b> has hit dozens of new all-time closing highs in 2021. Since bottoming out during the initial wave of the coronavirus pandemic in March 2020, the benchmark index took just six months to make up the dramatic deficit it incurred at the start of the pandemic. Since then, it has gone on to gain another 36%. In short, from trough to peak, the S&amp;P 500 has doubled in value in less than 18 months.</p>\n<p>Yet the idea of putting money into stocks with the market constantly setting new records isn't appealing for some investors. But for those with a long-term mindset, there's no such thing as a bad time to buy into great businesses.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/725149a7113d7aa51b92bdd60967138c\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<p>Best of all, you don't need a lot of money to begin building wealth on Wall Street. Since most online brokerages have eliminated commissions and minimum-deposit requirements -- and many allow fractional-share purchases -- even a small amount of money can go a long way to getting in on great businesses.</p>\n<p>If you have $100 at the ready not needed for bills or emergencies and a brokerage that allows fractional share purchases, you have enough to buy into the following pair of no-brainer stocks right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e962043706e63e7e6519e917ac361227\" tg-width=\"700\" tg-height=\"393\" width=\"100%\" height=\"auto\"><span>Image source: Getty Images.</span></p>\n<h2>Palantir Technologies</h2>\n<p><b>Palantir Technologies</b> (NYSE:PLTR) is the Liam Neeson of data analytics stocks: It has a very particular set of skills that were acquired over a very long career. It uses artificial intelligence to mine and identify patterns hidden deep within data sets.</p>\n<p>Originally offered to the U.S. government, its Gotham platform counts among its customers the FBI, CIA, NSA, and other government agencies, which use it to sift through and organize large amounts of data. The U.S. military is also a prime customer, using Palantir's technology to coordinate millions of troops around the world.</p>\n<p>Yet Palantir realized that businesses also need to understand the vast bits of data they create every day, so it developed its enterprise-oriented Foundry platform to help streamline their operations by making big data easier to understand. Arguably, that's its future growth market.</p>\n<p>It has grown its customer base from 125, at the time it filed its prospectus to go public last year, to 203 customers at the end of the third quarter, with the top three accounting for 18% of year-to-date revenue. Palantir's commercial customers grew 46% quarter over quarter, and its U.S. commercial revenue more than doubled from the year-ago period.</p>\n<p>Because it has barely begun trying to reach new customers in new markets, Palantir has an enormous runway for additional expansion in the years to come.</p>\n<p>Wall Street expects revenue to triple by the middle of the decade, hitting over $3.3 billion, while earnings before interest, taxes, depreciation, and amortization is expected to surge from $443 million this year to $1.3 billion by 2025.</p>\n<p>With few rivals who can do what it does, Palantir Technologies, at under $20 a share, seems a simple bargain stock to buy now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fb2394640a726401e30bd193950fc46f\" tg-width=\"700\" tg-height=\"436\" width=\"100%\" height=\"auto\"><span>Image source: Tesla Motors.</span></p>\n<h2>Tesla Motors</h2>\n<p>It's not only the S&amp;P 500 breaking through to new all-time highs -- <b>Tesla Motors</b> (NASDAQ:TSLA) has also delivered some eye-popping gains since the bottom last year, adding 990% to its valuation.</p>\n<p>Although the electric-vehicle (EV) maker has given back some of its biggest gains on fears about the Federal Reserve raising interest rates, Tesla continues to exceed expectations. It delivered a record 241,000 vehicles last quarter, almost all of which were its newer Model 3 and Model Y crossovers. This put Tesla within striking distance of delivering 850,000 vehicles this year.</p>\n<p>With two new gigafactories in the works in Texas and Germany, the EV maker will be able to better meet demand here and abroad. Research firm Jato Dynamics reported Tesa's Model 3 was recently the top-selling vehicle on the continent. Those new facilities make it reasonable to believe Tesla could achieve 50% annual delivery growth over the next couple of years as more new gigafactories come online.</p>\n<p>The third quarter also became Tesla's ninth-straight quarter of GAAP profitability. It's been able to maintain production amid the global supply-chain disruption because Tesla is every bit of a tech company as it is an automobile maker. With computer chips, in particular, in short supply, Tesla substituted alternative chips, rewrote the code, and inserted them into its vehicles to maintain production flow.</p>\n<p>One of the biggest concerns about Tesla has always been its valuation, with analysts debating whether it should be priced at half its current value or less. By either tech stock or automaker standards, its stock looks expensive based upon traditional metrics. However, with no peer able to achieve Tesla's combination of range, capacity, and power, it's the standard for the industry to beat.</p>\n<p>It has rivals gunning for it, but Tesla looks like a no-brainer investment if you have $100 to put to work in the market right now.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 No-Brainer Stocks to Buy Right Now for Less Than $100</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\">\n2 No-Brainer Stocks to Buy Right Now for Less Than $100\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-28 15:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/27/2-no-brainer-stocks-to-buy-right-now-for-less-than/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The widely followed S&P 500 has hit dozens of new all-time closing highs in 2021. Since bottoming out during the initial wave of the coronavirus pandemic in March 2020, the benchmark index took just ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/27/2-no-brainer-stocks-to-buy-right-now-for-less-than/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4023":"应用软件","TSLA":"特斯拉","BK4099":"汽车制造商","BK4543":"AI","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","BK4555":"新能源车","PLTR":"Palantir Technologies Inc.","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4547":"WSB热门概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓"},"source_url":"https://www.fool.com/investing/2021/12/27/2-no-brainer-stocks-to-buy-right-now-for-less-than/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2194428109","content_text":"The widely followed S&P 500 has hit dozens of new all-time closing highs in 2021. Since bottoming out during the initial wave of the coronavirus pandemic in March 2020, the benchmark index took just six months to make up the dramatic deficit it incurred at the start of the pandemic. Since then, it has gone on to gain another 36%. In short, from trough to peak, the S&P 500 has doubled in value in less than 18 months.\nYet the idea of putting money into stocks with the market constantly setting new records isn't appealing for some investors. But for those with a long-term mindset, there's no such thing as a bad time to buy into great businesses.\nImage source: Getty Images.\nBest of all, you don't need a lot of money to begin building wealth on Wall Street. Since most online brokerages have eliminated commissions and minimum-deposit requirements -- and many allow fractional-share purchases -- even a small amount of money can go a long way to getting in on great businesses.\nIf you have $100 at the ready not needed for bills or emergencies and a brokerage that allows fractional share purchases, you have enough to buy into the following pair of no-brainer stocks right now.\nImage source: Getty Images.\nPalantir Technologies\nPalantir Technologies (NYSE:PLTR) is the Liam Neeson of data analytics stocks: It has a very particular set of skills that were acquired over a very long career. It uses artificial intelligence to mine and identify patterns hidden deep within data sets.\nOriginally offered to the U.S. government, its Gotham platform counts among its customers the FBI, CIA, NSA, and other government agencies, which use it to sift through and organize large amounts of data. The U.S. military is also a prime customer, using Palantir's technology to coordinate millions of troops around the world.\nYet Palantir realized that businesses also need to understand the vast bits of data they create every day, so it developed its enterprise-oriented Foundry platform to help streamline their operations by making big data easier to understand. Arguably, that's its future growth market.\nIt has grown its customer base from 125, at the time it filed its prospectus to go public last year, to 203 customers at the end of the third quarter, with the top three accounting for 18% of year-to-date revenue. Palantir's commercial customers grew 46% quarter over quarter, and its U.S. commercial revenue more than doubled from the year-ago period.\nBecause it has barely begun trying to reach new customers in new markets, Palantir has an enormous runway for additional expansion in the years to come.\nWall Street expects revenue to triple by the middle of the decade, hitting over $3.3 billion, while earnings before interest, taxes, depreciation, and amortization is expected to surge from $443 million this year to $1.3 billion by 2025.\nWith few rivals who can do what it does, Palantir Technologies, at under $20 a share, seems a simple bargain stock to buy now.\nImage source: Tesla Motors.\nTesla Motors\nIt's not only the S&P 500 breaking through to new all-time highs -- Tesla Motors (NASDAQ:TSLA) has also delivered some eye-popping gains since the bottom last year, adding 990% to its valuation.\nAlthough the electric-vehicle (EV) maker has given back some of its biggest gains on fears about the Federal Reserve raising interest rates, Tesla continues to exceed expectations. It delivered a record 241,000 vehicles last quarter, almost all of which were its newer Model 3 and Model Y crossovers. This put Tesla within striking distance of delivering 850,000 vehicles this year.\nWith two new gigafactories in the works in Texas and Germany, the EV maker will be able to better meet demand here and abroad. Research firm Jato Dynamics reported Tesa's Model 3 was recently the top-selling vehicle on the continent. Those new facilities make it reasonable to believe Tesla could achieve 50% annual delivery growth over the next couple of years as more new gigafactories come online.\nThe third quarter also became Tesla's ninth-straight quarter of GAAP profitability. It's been able to maintain production amid the global supply-chain disruption because Tesla is every bit of a tech company as it is an automobile maker. With computer chips, in particular, in short supply, Tesla substituted alternative chips, rewrote the code, and inserted them into its vehicles to maintain production flow.\nOne of the biggest concerns about Tesla has always been its valuation, with analysts debating whether it should be priced at half its current value or less. By either tech stock or automaker standards, its stock looks expensive based upon traditional metrics. However, with no peer able to achieve Tesla's combination of range, capacity, and power, it's the standard for the industry to beat.\nIt has rivals gunning for it, but Tesla looks like a no-brainer investment if you have $100 to put to work in the market right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691298176,"gmtCreate":1640190824432,"gmtModify":1640190824588,"author":{"id":"3575157035905942","authorId":"3575157035905942","name":"LionPanda21","avatar":"https://static.tigerbbs.com/826d9bc0b1bfc9e3145623cf6fcb513e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575157035905942","authorIdStr":"3575157035905942"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>So happy!","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>So happy!","text":"$Tesla Motors(TSLA)$So happy!","images":[{"img":"https://static.tigerbbs.com/2bd16b902cd173195079f1bec791d8b3","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/691298176","isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"lives":[]}