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CrowdStrike: Time To Buy This Cybersecurity Leader
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Cloud/cybersecurity is one sector with a particularly bright outlook as IT spend on this remains quite low, and is expected to increase over the next couple of years in the face of constantly rising threats. CrowdStrike (CRWD) is positioned very well to gain share and continue its strong growth trajectory, and the recent underperformance brings a potentially attractive entry point, although valuation remains a key part to watch.</p>\n<p><b>Rising Cloud and Cybersecurity Spend</b></p>\n<p>Increasing cloud and cybersecurity spend across the board will serve as a large tailwind for the sector and inevitably CrowdStrike, as it continues to advance its product offerings and subscription base. Cloud and cybersecurity are both fairly fragmented sectors, leaving rooms for leading companies like CrowdStrike to gain and secure market share through maintained subscriptions.</p>\n<p>Cloud and cybersecurity spend are expected to increase significantly over the course of the next few years, on the back of factors such as increasing number of cyber attacks, increased reliance on cloud-based services and applications, growing demand for managed security services, data privacy concerns and government compliance.</p>\n<p>Internally, CrowdStrike sees the cloud security opportunity expanding significantly, projected to be about $12.4 billion on 5.7% of IT budget spend; this opportunity would represent tenfold growth from 2020's actual $1.2 billion cloud security spend. With the possibility of more data breaches alongside the aforementioned factors, increased IT spend to ~7.5% would represent an opportunity of $16.3 billion.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/143bdb685bc34bca9d6a2dd53fa6a356\" tg-width=\"640\" tg-height=\"285\"><span>Graphic from CrowdStrike</span></p>\n<p>Longer-term external forecasts point to a slight uptick in the growth of cloud spending, while cybersecurity spend as a whole will increase quite significantly but at a slightly lower rate.</p>\n<p>VM Intelligence projects the cloud security market to reach $37.7 billion by 2027, a 25.9% CAGR from 2019's $6.7 billion figure. Again, a rise in security threats and a tailwind stemming from a shift to cloud technology/infrastructure will boost the market, with companies needing solutions to provide data protection and privacy and ensure regulatory compliance. With a large majority of companies running some sort of cloud-based software, demand for cloud security solutions are rising.</p>\n<p>Global cybersecurity spend has a strong projected runway as well, rising at a ~12% CAGR from an estimated $165.8 billion in 2021 to $366.1 billion in 2028 (cloud security has one of the highest CAGRs of the cybersecurity sub-segments). North America is expected to dominate the industry's growth, while Asia Pacific is expected to grow the quickest with more government investment in this and auxiliary industries.</p>\n<p>Solid growth in North America and rapid growth in Asia-Pacific further support continuance of high double-digit growth in revenues for CrowdStrike as it increases international presence.</p>\n<p><b>Robust Financials</b></p>\n<p>CrowdStrike's financial performance during the shift to remote and cloud work shone, with the company (for the most part) exceeding a projection for the fiscal year from just before the Q2 report. Highlighted from that projection had CrowdStrike netting $950 million to $1.0 billion in ARR, 10,000 customers, Q4 gross margin at 78%, and an FY net margin at (9.5%) on $850 million revenue/$629 million gross profit.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/91c1c7926fb836825a4aaec30396fc2f\" tg-width=\"640\" tg-height=\"253\"><span>Graphic from SA</span></p>\n<p>As seen above, CrowdStrike's ARR topped $1 billion, as Q4's record net new ARR of $143 million pushed the figure higher. While customers fell shy of the 10,000 mark, customer base in Fortune 100 and Fortune 500 companies expanded. CFO Burt Podbere noted that the company posted \"record subscription gross margin at the high end of our target model and record operating and free cash flow.\" Sequential improvement in margins - at 80% subscription and 77% gross for Q4, 79% and 76% for the year - on top of strong revenue growth has provided operating leverage, which will aid the shift to profitability.</p>\n<p><b>Strong Growth Outlook</b></p>\n<p>With the strong Q4/FY report, CrowdStrike increased guidance for Q1 by ~7.5% to ~$290 million and FY22 revenues by a similar percentage to ~$1.32 billion. However, CrowdStrike has the potential to beat those forecasts to $1.35-1.36 billion for the current year, as well as leading to an increased long-term forecast.</p>\n<p>CrowdStrike has proved that it can acquire new customers easily and efficiently, setting it up for blazing revenue growth in the upcoming years. An original forecast for $1.5 billion in FY23 and $2.5 billion in FY25 revenues now seem to undershoot the company's potential. The combination of more records in net new ARR on top of incremental growth in existing ARR from previous customers sets revenues up for approximately 38% growth through 2025, suggesting FY23 revenues at $1.85 billion rising to $3.2 billion by FY25, far ahead of the prior projection.</p>\n<p>Some of the factors that help cement this projection are retention rates and expanded product offerings across different business sizes. CrowdStrike boasts a high gross retention at 98% for the past two fiscal years; the company's dollar retention has remained above 120% for the past three fiscal years as customers continue to add subscriptions. This is visible within the rising amount of customers on multiple subscriptions, seen below. Customers on 4 or more subscriptions have risen from 30% to 63% in just three years, testifying to the value proposition from top-of-the-line features.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a7c4d023f856d53085d1dc63e5ba7f6b\" tg-width=\"640\" tg-height=\"315\"><span>Graphic from SA</span></p>\n<p>While CrowdStrike does have over half of the Fortune 100 list as customers, the company's products aren't solely for the megacaps. Falcon's ease-of-use, scalability, high efficacy and relative low cost have made it a top choice for even smaller businesses looking to implement industrial level security. While there is a high costliness of installing and updating cloud security services which could prevent MSMEs transitioning to the cloud from adopting broad cloud security protection, the Falcon offers an ROI of 300-400% with a payback period of less than 3 months on average, making it a great choice for smaller enterprises.</p>\n<p>CrowdStrike and other peer leader Zscaler (ZS) recently announced the expansion of their partnership, providing an identity and data-centric zero trust approach. Zscaler will be leveraging CrowdStrike's Zero Trust Assessment [ZTA] to integrate real-time security with Zscaler Private Access [ZPA]. The expansion provides a range of benefits and enhanced value for joint customers, which should serve to cement retention of those customers' subscriptions to both CrowdStrike and Zscaler.</p>\n<p>International revenue generation and expansion also are a bright point for future growth, as Asia-Pacific notably has a strong CAGR forecast for the industry. CrowdStrike has locations in Japan, Australia and Singapore among others primarily in EMEA. International revenues have risen 98% y/y to $247 million, comprising 28% of total revenues for FY21, up from 23% in FY19; increased investment to expand international operations could see contribution of 33-35% of revenues by FY23.</p>\n<p>With the aforementioned revenue growth projections, CrowdStrike has the potential to witness significant operating and earnings leverage from FY22 to FY25, as operating expenses have practically fallen into the long-term targets per its operating model: S&M 30-35% of revenues, R&D 15-20% and G&A 7-9%. Actuals for Q4 were 37%, 19% and 8%. This has the potential to drive and maintain operating margin in the mid-20% range as revenues grow, leading to low triple-digit EPS growth from $0.65 in FY23 to $2.80 by FY25.</p>\n<p><b>Risks to the Forecast</b></p>\n<p>Such a forecast isn't immune to risks, and there are quite a few to be aware of with CrowdStrike, stemming from its customer base, expansion and valuation.</p>\n<p>Even with the growth to CrowdStrike's customer base to just under 10,000 by the fiscal year, +82% y/y, a fair proportion of its business is reliant on a few key channel partners. While it is a decreasing percentage for channel partners A/B (likely that the two have the same dollar amount y/y offset by additional new customers), loss of business of any of the customers/channel partners could impact revenues and balance sheet strength, thus significantly impacting forward revenue projections and valuation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9e423abddd79b6414ea99b31de8ae07\" tg-width=\"640\" tg-height=\"334\"><span>Graphic from 10-K</span></p>\n<p>One other customer-centric risk could arise within upselling, or getting customers to add more subscriptions. CrowdStrike currently has both synergies of ARR growth from new customer additions and customers upgrading to more subscriptions, but if/when a majority of the customers are paying for 4 to 6 subscriptions, additional revenue growth is likely to be more reliant on customer acquisition. If customer growth inevitably slows, whether that be in three, five or seven years, CrowdStrike will likely need to have a significant portion (>70%) on >4 subscriptions to ensure constant growth in revenues at a fair, 15-20% rate.</p>\n<p>Expansion, primarily internationally, exposes CrowdStrike to some key risks that could impact bottom line growth. This could stem from \"higher costs of doing business internationally... double taxation of our international earnings and potentially adverse tax consequences... increased travel, infrastructure, and legal compliance costs\" as well as compliance and regulatory issues. Should extra costs arise from international segment growth to ~$750 million in revenues by 2025, overall profitability could take a 15-20% dent, with EPS dropping to $2.35 from $2.80.</p>\n<p>Valuation compared to CrowdStrike's main peer basket of Palo Alto Networks (PANW), Fortinet (FTNT), Cloudflare (NET), VMware (VMW) and Zscaler is mixed, with some high multiples attached to both CrowdStrike and Zscaler. VMWare and Palo Alto, more established and profitable, boast the highest margins and the most attractive valuations, yet forward revenue growth rates are some of the lowest, at about 9% and 19%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/20c3219cbe3e0ad6b4353b19914ca89a\" tg-width=\"635\" tg-height=\"487\"><span>Data by YCharts</span></p>\n<p>CrowdStrike, Zscaler and Cloudflare have the fastest revenue growth rates over the next few years, and as expected, trade at significant premiums to the basket, all above 40x TTM sales and 30-35x forward sales. Forward EV/EBITDA ratios for the three are all >250x, suggesting that the three could be pricing in a few years' growth already.</p>\n<p>This is one major risk to CrowdStrike at the moment - as the company continues to scale and grow revenues at a rapid pace, it will face multiple contraction, similar to Palo Alto, whose 19x PS ratio in 2015 (at $1 billion revenues and approx. +54% y/y growth) contracted to 7x by 2020, leaving shares gaining barely 30% after that peak to pre-pandemic levels. As CrowdStrike comes to maturity in revenues and declining y/y growth rates, multiple contraction could be the largest factor in preventing shares from moving higher.</p>\n<p><b>Overall</b></p>\n<p>The cloud-native Falcon platform and its ease of use in remote environments, scalability and robust value proposition combined with the range of modules offered allude to CrowdStrike solidifying its position at the top of the pack within its peers in the long run. The company should maintain status as one of the fastest growing endpoint security firms, reflected within its premium valuation relative to peers. Rising cloud and cybersecurity spend over the next couple of years on a company basis and geographic basis point to positive synergies for revenue and customer growth.</p>\n<p>CrowdStrike has a robust financial picture and a strong growth outlook, with strong earnings leverage on top of significant revenue growth. However, customer-centric and international risks do exist, yet valuation in terms of multiple contraction could be the most important risk to watch, as it could limit returns over the next few years.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CrowdStrike: Time To Buy This Cybersecurity Leader</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\">\nCrowdStrike: Time To Buy This Cybersecurity Leader\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 19:51 GMT+8 <a href=https://seekingalpha.com/article/4417561-crowdstrike-time-to-buy-this-cybersecurity-leader><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nCloud and cybersecurity spend are expected to increase significantly over the course of the next few years, benefiting the leaders of the sector.\nRobust financial performance during the work-...</p>\n\n<a href=\"https://seekingalpha.com/article/4417561-crowdstrike-time-to-buy-this-cybersecurity-leader\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRWD":"CrowdStrike Holdings, Inc."},"source_url":"https://seekingalpha.com/article/4417561-crowdstrike-time-to-buy-this-cybersecurity-leader","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1182378447","content_text":"Summary\n\nCloud and cybersecurity spend are expected to increase significantly over the course of the next few years, benefiting the leaders of the sector.\nRobust financial performance during the work-from-home shift is likely to continue.\nCRWD has the potential to witness significant operating and earnings leverage from FY22 to FY25.\nRisks to watch stem from its customer base, expansion and valuation.\n\nPhoto by Sundry Photography/iStock Editorial via Getty Images\nAs shares in multiple different cloud and cybersecurity names continue to underperform against the market during 2021, digging for good value and positive long-term outlook bring multiple names to mind. Cloud/cybersecurity is one sector with a particularly bright outlook as IT spend on this remains quite low, and is expected to increase over the next couple of years in the face of constantly rising threats. CrowdStrike (CRWD) is positioned very well to gain share and continue its strong growth trajectory, and the recent underperformance brings a potentially attractive entry point, although valuation remains a key part to watch.\nRising Cloud and Cybersecurity Spend\nIncreasing cloud and cybersecurity spend across the board will serve as a large tailwind for the sector and inevitably CrowdStrike, as it continues to advance its product offerings and subscription base. Cloud and cybersecurity are both fairly fragmented sectors, leaving rooms for leading companies like CrowdStrike to gain and secure market share through maintained subscriptions.\nCloud and cybersecurity spend are expected to increase significantly over the course of the next few years, on the back of factors such as increasing number of cyber attacks, increased reliance on cloud-based services and applications, growing demand for managed security services, data privacy concerns and government compliance.\nInternally, CrowdStrike sees the cloud security opportunity expanding significantly, projected to be about $12.4 billion on 5.7% of IT budget spend; this opportunity would represent tenfold growth from 2020's actual $1.2 billion cloud security spend. With the possibility of more data breaches alongside the aforementioned factors, increased IT spend to ~7.5% would represent an opportunity of $16.3 billion.\nGraphic from CrowdStrike\nLonger-term external forecasts point to a slight uptick in the growth of cloud spending, while cybersecurity spend as a whole will increase quite significantly but at a slightly lower rate.\nVM Intelligence projects the cloud security market to reach $37.7 billion by 2027, a 25.9% CAGR from 2019's $6.7 billion figure. Again, a rise in security threats and a tailwind stemming from a shift to cloud technology/infrastructure will boost the market, with companies needing solutions to provide data protection and privacy and ensure regulatory compliance. With a large majority of companies running some sort of cloud-based software, demand for cloud security solutions are rising.\nGlobal cybersecurity spend has a strong projected runway as well, rising at a ~12% CAGR from an estimated $165.8 billion in 2021 to $366.1 billion in 2028 (cloud security has one of the highest CAGRs of the cybersecurity sub-segments). North America is expected to dominate the industry's growth, while Asia Pacific is expected to grow the quickest with more government investment in this and auxiliary industries.\nSolid growth in North America and rapid growth in Asia-Pacific further support continuance of high double-digit growth in revenues for CrowdStrike as it increases international presence.\nRobust Financials\nCrowdStrike's financial performance during the shift to remote and cloud work shone, with the company (for the most part) exceeding a projection for the fiscal year from just before the Q2 report. Highlighted from that projection had CrowdStrike netting $950 million to $1.0 billion in ARR, 10,000 customers, Q4 gross margin at 78%, and an FY net margin at (9.5%) on $850 million revenue/$629 million gross profit.\nGraphic from SA\nAs seen above, CrowdStrike's ARR topped $1 billion, as Q4's record net new ARR of $143 million pushed the figure higher. While customers fell shy of the 10,000 mark, customer base in Fortune 100 and Fortune 500 companies expanded. CFO Burt Podbere noted that the company posted \"record subscription gross margin at the high end of our target model and record operating and free cash flow.\" Sequential improvement in margins - at 80% subscription and 77% gross for Q4, 79% and 76% for the year - on top of strong revenue growth has provided operating leverage, which will aid the shift to profitability.\nStrong Growth Outlook\nWith the strong Q4/FY report, CrowdStrike increased guidance for Q1 by ~7.5% to ~$290 million and FY22 revenues by a similar percentage to ~$1.32 billion. However, CrowdStrike has the potential to beat those forecasts to $1.35-1.36 billion for the current year, as well as leading to an increased long-term forecast.\nCrowdStrike has proved that it can acquire new customers easily and efficiently, setting it up for blazing revenue growth in the upcoming years. An original forecast for $1.5 billion in FY23 and $2.5 billion in FY25 revenues now seem to undershoot the company's potential. The combination of more records in net new ARR on top of incremental growth in existing ARR from previous customers sets revenues up for approximately 38% growth through 2025, suggesting FY23 revenues at $1.85 billion rising to $3.2 billion by FY25, far ahead of the prior projection.\nSome of the factors that help cement this projection are retention rates and expanded product offerings across different business sizes. CrowdStrike boasts a high gross retention at 98% for the past two fiscal years; the company's dollar retention has remained above 120% for the past three fiscal years as customers continue to add subscriptions. This is visible within the rising amount of customers on multiple subscriptions, seen below. Customers on 4 or more subscriptions have risen from 30% to 63% in just three years, testifying to the value proposition from top-of-the-line features.\nGraphic from SA\nWhile CrowdStrike does have over half of the Fortune 100 list as customers, the company's products aren't solely for the megacaps. Falcon's ease-of-use, scalability, high efficacy and relative low cost have made it a top choice for even smaller businesses looking to implement industrial level security. While there is a high costliness of installing and updating cloud security services which could prevent MSMEs transitioning to the cloud from adopting broad cloud security protection, the Falcon offers an ROI of 300-400% with a payback period of less than 3 months on average, making it a great choice for smaller enterprises.\nCrowdStrike and other peer leader Zscaler (ZS) recently announced the expansion of their partnership, providing an identity and data-centric zero trust approach. Zscaler will be leveraging CrowdStrike's Zero Trust Assessment [ZTA] to integrate real-time security with Zscaler Private Access [ZPA]. The expansion provides a range of benefits and enhanced value for joint customers, which should serve to cement retention of those customers' subscriptions to both CrowdStrike and Zscaler.\nInternational revenue generation and expansion also are a bright point for future growth, as Asia-Pacific notably has a strong CAGR forecast for the industry. CrowdStrike has locations in Japan, Australia and Singapore among others primarily in EMEA. International revenues have risen 98% y/y to $247 million, comprising 28% of total revenues for FY21, up from 23% in FY19; increased investment to expand international operations could see contribution of 33-35% of revenues by FY23.\nWith the aforementioned revenue growth projections, CrowdStrike has the potential to witness significant operating and earnings leverage from FY22 to FY25, as operating expenses have practically fallen into the long-term targets per its operating model: S&M 30-35% of revenues, R&D 15-20% and G&A 7-9%. Actuals for Q4 were 37%, 19% and 8%. This has the potential to drive and maintain operating margin in the mid-20% range as revenues grow, leading to low triple-digit EPS growth from $0.65 in FY23 to $2.80 by FY25.\nRisks to the Forecast\nSuch a forecast isn't immune to risks, and there are quite a few to be aware of with CrowdStrike, stemming from its customer base, expansion and valuation.\nEven with the growth to CrowdStrike's customer base to just under 10,000 by the fiscal year, +82% y/y, a fair proportion of its business is reliant on a few key channel partners. While it is a decreasing percentage for channel partners A/B (likely that the two have the same dollar amount y/y offset by additional new customers), loss of business of any of the customers/channel partners could impact revenues and balance sheet strength, thus significantly impacting forward revenue projections and valuation.\nGraphic from 10-K\nOne other customer-centric risk could arise within upselling, or getting customers to add more subscriptions. CrowdStrike currently has both synergies of ARR growth from new customer additions and customers upgrading to more subscriptions, but if/when a majority of the customers are paying for 4 to 6 subscriptions, additional revenue growth is likely to be more reliant on customer acquisition. If customer growth inevitably slows, whether that be in three, five or seven years, CrowdStrike will likely need to have a significant portion (>70%) on >4 subscriptions to ensure constant growth in revenues at a fair, 15-20% rate.\nExpansion, primarily internationally, exposes CrowdStrike to some key risks that could impact bottom line growth. This could stem from \"higher costs of doing business internationally... double taxation of our international earnings and potentially adverse tax consequences... increased travel, infrastructure, and legal compliance costs\" as well as compliance and regulatory issues. Should extra costs arise from international segment growth to ~$750 million in revenues by 2025, overall profitability could take a 15-20% dent, with EPS dropping to $2.35 from $2.80.\nValuation compared to CrowdStrike's main peer basket of Palo Alto Networks (PANW), Fortinet (FTNT), Cloudflare (NET), VMware (VMW) and Zscaler is mixed, with some high multiples attached to both CrowdStrike and Zscaler. VMWare and Palo Alto, more established and profitable, boast the highest margins and the most attractive valuations, yet forward revenue growth rates are some of the lowest, at about 9% and 19%.\nData by YCharts\nCrowdStrike, Zscaler and Cloudflare have the fastest revenue growth rates over the next few years, and as expected, trade at significant premiums to the basket, all above 40x TTM sales and 30-35x forward sales. Forward EV/EBITDA ratios for the three are all >250x, suggesting that the three could be pricing in a few years' growth already.\nThis is one major risk to CrowdStrike at the moment - as the company continues to scale and grow revenues at a rapid pace, it will face multiple contraction, similar to Palo Alto, whose 19x PS ratio in 2015 (at $1 billion revenues and approx. +54% y/y growth) contracted to 7x by 2020, leaving shares gaining barely 30% after that peak to pre-pandemic levels. As CrowdStrike comes to maturity in revenues and declining y/y growth rates, multiple contraction could be the largest factor in preventing shares from moving higher.\nOverall\nThe cloud-native Falcon platform and its ease of use in remote environments, scalability and robust value proposition combined with the range of modules offered allude to CrowdStrike solidifying its position at the top of the pack within its peers in the long run. The company should maintain status as one of the fastest growing endpoint security firms, reflected within its premium valuation relative to peers. Rising cloud and cybersecurity spend over the next couple of years on a company basis and geographic basis point to positive synergies for revenue and customer growth.\nCrowdStrike has a robust financial picture and a strong growth outlook, with strong earnings leverage on top of significant revenue growth. However, customer-centric and international risks do exist, yet valuation in terms of multiple contraction could be the most important risk to watch, as it could limit returns over the next few years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340164930,"gmtCreate":1617358532620,"gmtModify":1634521255630,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/340164930","repostId":"2124732330","repostType":4,"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352061357,"gmtCreate":1616832956679,"gmtModify":1634523773388,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"[开心] ","listText":"[开心] ","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352061357","repostId":"1165077583","repostType":4,"isVote":1,"tweetType":1,"viewCount":849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":356001044,"gmtCreate":1616737102988,"gmtModify":1634524277787,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356001044","repostId":"1100799979","repostType":4,"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358033173,"gmtCreate":1616638773992,"gmtModify":1634524790457,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"[难过] ","listText":"[难过] ","text":"[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358033173","repostId":"1132657904","repostType":4,"isVote":1,"tweetType":1,"viewCount":1039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":327940396,"gmtCreate":1616054478915,"gmtModify":1703496932791,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Good ","listText":"Good ","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327940396","repostId":"1140777123","repostType":4,"repost":{"id":"1140777123","kind":"news","pubTimestamp":1616053819,"share":"https://www.laohu8.com/m/news/1140777123?lang=&edition=full","pubTime":"2021-03-18 15:50","market":"us","language":"en","title":"Palantir: Rally On","url":"https://stock-news.laohu8.com/highlight/detail?id=1140777123","media":"seekingalpha","summary":"Summary\n\nPalantir's short interest declined by almost 27% in the last cycle.\nThe stock seems to be f","content":"<p><b>Summary</b></p>\n<ul>\n <li>Palantir's short interest declined by almost 27% in the last cycle.</li>\n <li>The stock seems to be forming a bottom, before it starts rallying again.</li>\n <li>Investors should avoid the fear, uncertainty and doubt, and remain invested in the name.</li>\n</ul>\n<p>Palantir's (PLTR) shares are down 40% in value over the past two months and investment forums are rife with debates on the longevity of this price correction. Some bears are forecasting its shares to fall by another 50% in the near future but the reality may not be so bleak. Latest data actually reveals that short interest in the stock dropped by 26.7% in the last reporting cycle. This suggests that the stock is in the process of forming a bottom and it may not depreciate much, which should come across as an encouraging news for long-side Palantir investors. Let's take a closer look at it all.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84aaa95ba29871bd3ef8c8b179aa611e\" tg-width=\"1280\" tg-height=\"853\"><span>Source: Palantir website</span></p>\n<p><b>The dropping short interest</b></p>\n<p>For the uninitiated, short interest is essentially the aggregate number of short positions that are open and yet to be covered. A sharp rise in the metric indicates that market participants have stacked up short positions in a particular stock, in order to profit from a potential price correction. Conversely, a sharp drop in the metric suggests that market participants have wound up their short positions as they perceive the stock to be fairly or undervalued, with limited downside potential. So, altogether, short interest helps us in gauging the Street's ever-evolving sentiment relating to any given stock.</p>\n<p>As far as Palantir is concerned, its short interest dropped by a massive 26.7% sequentially and stood at 56.43 million at the end of the last cycle. For the record, the last short interest cycle spanned from mid-February to February-end and the data was disseminated only afew daysago. To put things in perspective, the company has about 1.75 billion shares outstanding which means that a mere 3% of its entire share total stood shorted.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11e73699ec600a696859f5389bf092a5\" tg-width=\"222\" tg-height=\"662\"><span>Source: WSJ</span></p>\n<p>This is a miniscule amount of shorting activity. I say this because companies that are surrounded by bearish narratives and have uncertain future prospects, generally attract speculative short-side bets in far greater numbers. I personally view short interest to be considerably high if it amounts to 20% or more of a company's total shares outstanding. But Palantir seems to be thinly shorted by this benchmark. For all we know, its ~3% short interest figure could be comprised of hedging-related bets with the sole purpose of minimizing volatility risk.</p>\n<p>I looked at other software stocks to get a different perspective but to no avail. Out of the 47 stocks in my study, 55% saw their short interest increase while 45% of the stocks registered a decline in their short interest. This more or less even split suggests that market participants wound up their short positions in Palantir largely because of their assessment of the stock and its underlying future prospects, rather than this short covering being driven by industry trends. Besides, shorting activity in Palantir was below industry average, thereby corroborating my view that it's a thinly shorted stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4488d2e553eb79612e74a0b3aa05b72\" tg-width=\"348\" tg-height=\"823\"><span>Data from individual quote pages on wsj.com</span></p>\n<p>This begs the question - why aren't market participants shorting Palantir in the first place?</p>\n<p><b>Cautious for good reason</b></p>\n<p>For starters, Palantir's shares corrected by about 45% within February itself as a knee-jerk reaction to its Q4 results. This provided large gains for short-side market participants in a short time span, prompting them to unwind their positions and book healthy profits. So, that's one of the reasons why Palantir's short interest declined in the last cycle.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/81236e9babe568b807c6641dac7fea6e\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p>\n<p>Besides, with this correction, Palantir's shares are now trading at relatively modest valuation multiples. Per YCharts, its price-to-sales multiple has dropped from a steep 40x in January to a much more reasonable 29.4x at the time of this writing, and the metric is quite close to its 52-week low of around 24x. This suggests that the stock is close to its rock-bottom prices and it might have limited downside potential going forward. So, short-side market participants may be best served by booking profits in Palantir and reallocating their capital in other, more lucrative, trade setups.</p>\n<p>Also, I explained in my previous article that Palantir is transitioning to a recurring payment model. The company used to charge its customers in advance for multi-year agreements, but it's now going to bill customers on recurring intervals, like a software-as-a-service model but with some contract cancellation clauses. We won't be covering the same points again in this article but the crux of it is that this move is likely going to boost Palantir's commercial revenues. This growth prospect makes it a risky move to short Palantir's shares for the time being, at least.</p>\n<p>Also, Palantir, historically, hasn't been too focused on its sales effort. Its 10K reads:</p>\n<blockquote>\n …our headcount has grown from 313 full-time employees as of December 31, 2010 to 2,439 full-time employees as of December 31, 2020…\n <b>Our sales force remains relatively small, at about 3% of our total headcount.</b>\n</blockquote>\n<p>I thinkit's needless to say but having an understaffed sales team is bound to limit new order and sales growth. There just wouldn't be enough sales personnel to aggressively chase and convert leads.</p>\n<p>But Palantir's management seems to be now laser-focused on remedying this oversight by significantly ramping up their sales team. They disclosed last month that the company is gaining access to IBM's 2,500 sellers, which is dramatically up from the current 30 sellers. Its management also noted in their Q4 earnings call that they \"expect to add triple digit head count to our sales function this year\".</p>\n<p>This heightened focus on revamping the sales function, and their transition to a more customer friendly payment model, is likely going to generate new deals for Palantir and boost its sales along the way. So, in my view, it's risky move to remain short on Palantir for an extended period of time.</p>\n<p><b>Final Thoughts</b></p>\n<p>If bears truly had a legitimate argument against Palantir, they would have actively shorted the name in a bid to profit off of a potential price correction and we'd have seen a rapid rise in its short interest. But that did not happen and Palantir's short interest dropped significantly instead. This suggests that market participants perceive the stock to be fairly or undervalued, and that the stock may have limited downside potential from the current levels. So, I would recommend Palantir's long-side investors to ignore the fear, uncertainty and doubt, and remain long on the name. Its intensifying sales push and reduced customer resistance with flexible payment plans, are likely going to drive its overall growth going forward. Good Luck!</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Rally On</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\">\nPalantir: Rally On\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 15:50 GMT+8 <a href=https://seekingalpha.com/article/4414020-palantir-rally-on><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPalantir's short interest declined by almost 27% in the last cycle.\nThe stock seems to be forming a bottom, before it starts rallying again.\nInvestors should avoid the fear, uncertainty and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4414020-palantir-rally-on\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4414020-palantir-rally-on","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1140777123","content_text":"Summary\n\nPalantir's short interest declined by almost 27% in the last cycle.\nThe stock seems to be forming a bottom, before it starts rallying again.\nInvestors should avoid the fear, uncertainty and doubt, and remain invested in the name.\n\nPalantir's (PLTR) shares are down 40% in value over the past two months and investment forums are rife with debates on the longevity of this price correction. Some bears are forecasting its shares to fall by another 50% in the near future but the reality may not be so bleak. Latest data actually reveals that short interest in the stock dropped by 26.7% in the last reporting cycle. This suggests that the stock is in the process of forming a bottom and it may not depreciate much, which should come across as an encouraging news for long-side Palantir investors. Let's take a closer look at it all.\nSource: Palantir website\nThe dropping short interest\nFor the uninitiated, short interest is essentially the aggregate number of short positions that are open and yet to be covered. A sharp rise in the metric indicates that market participants have stacked up short positions in a particular stock, in order to profit from a potential price correction. Conversely, a sharp drop in the metric suggests that market participants have wound up their short positions as they perceive the stock to be fairly or undervalued, with limited downside potential. So, altogether, short interest helps us in gauging the Street's ever-evolving sentiment relating to any given stock.\nAs far as Palantir is concerned, its short interest dropped by a massive 26.7% sequentially and stood at 56.43 million at the end of the last cycle. For the record, the last short interest cycle spanned from mid-February to February-end and the data was disseminated only afew daysago. To put things in perspective, the company has about 1.75 billion shares outstanding which means that a mere 3% of its entire share total stood shorted.\nSource: WSJ\nThis is a miniscule amount of shorting activity. I say this because companies that are surrounded by bearish narratives and have uncertain future prospects, generally attract speculative short-side bets in far greater numbers. I personally view short interest to be considerably high if it amounts to 20% or more of a company's total shares outstanding. But Palantir seems to be thinly shorted by this benchmark. For all we know, its ~3% short interest figure could be comprised of hedging-related bets with the sole purpose of minimizing volatility risk.\nI looked at other software stocks to get a different perspective but to no avail. Out of the 47 stocks in my study, 55% saw their short interest increase while 45% of the stocks registered a decline in their short interest. This more or less even split suggests that market participants wound up their short positions in Palantir largely because of their assessment of the stock and its underlying future prospects, rather than this short covering being driven by industry trends. Besides, shorting activity in Palantir was below industry average, thereby corroborating my view that it's a thinly shorted stock.\nData from individual quote pages on wsj.com\nThis begs the question - why aren't market participants shorting Palantir in the first place?\nCautious for good reason\nFor starters, Palantir's shares corrected by about 45% within February itself as a knee-jerk reaction to its Q4 results. This provided large gains for short-side market participants in a short time span, prompting them to unwind their positions and book healthy profits. So, that's one of the reasons why Palantir's short interest declined in the last cycle.\nData by YCharts\nBesides, with this correction, Palantir's shares are now trading at relatively modest valuation multiples. Per YCharts, its price-to-sales multiple has dropped from a steep 40x in January to a much more reasonable 29.4x at the time of this writing, and the metric is quite close to its 52-week low of around 24x. This suggests that the stock is close to its rock-bottom prices and it might have limited downside potential going forward. So, short-side market participants may be best served by booking profits in Palantir and reallocating their capital in other, more lucrative, trade setups.\nAlso, I explained in my previous article that Palantir is transitioning to a recurring payment model. The company used to charge its customers in advance for multi-year agreements, but it's now going to bill customers on recurring intervals, like a software-as-a-service model but with some contract cancellation clauses. We won't be covering the same points again in this article but the crux of it is that this move is likely going to boost Palantir's commercial revenues. This growth prospect makes it a risky move to short Palantir's shares for the time being, at least.\nAlso, Palantir, historically, hasn't been too focused on its sales effort. Its 10K reads:\n\n …our headcount has grown from 313 full-time employees as of December 31, 2010 to 2,439 full-time employees as of December 31, 2020…\n Our sales force remains relatively small, at about 3% of our total headcount.\n\nI thinkit's needless to say but having an understaffed sales team is bound to limit new order and sales growth. There just wouldn't be enough sales personnel to aggressively chase and convert leads.\nBut Palantir's management seems to be now laser-focused on remedying this oversight by significantly ramping up their sales team. They disclosed last month that the company is gaining access to IBM's 2,500 sellers, which is dramatically up from the current 30 sellers. Its management also noted in their Q4 earnings call that they \"expect to add triple digit head count to our sales function this year\".\nThis heightened focus on revamping the sales function, and their transition to a more customer friendly payment model, is likely going to generate new deals for Palantir and boost its sales along the way. So, in my view, it's risky move to remain short on Palantir for an extended period of time.\nFinal Thoughts\nIf bears truly had a legitimate argument against Palantir, they would have actively shorted the name in a bid to profit off of a potential price correction and we'd have seen a rapid rise in its short interest. But that did not happen and Palantir's short interest dropped significantly instead. This suggests that market participants perceive the stock to be fairly or undervalued, and that the stock may have limited downside potential from the current levels. So, I would recommend Palantir's long-side investors to ignore the fear, uncertainty and doubt, and remain long on the name. Its intensifying sales push and reduced customer resistance with flexible payment plans, are likely going to drive its overall growth going forward. Good Luck!","news_type":1},"isVote":1,"tweetType":1,"viewCount":348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324310943,"gmtCreate":1615962080482,"gmtModify":1703495577877,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Nice ","listText":"Nice ","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324310943","repostId":"1140620694","repostType":4,"repost":{"id":"1140620694","kind":"news","pubTimestamp":1615953301,"share":"https://www.laohu8.com/m/news/1140620694?lang=&edition=full","pubTime":"2021-03-17 11:55","market":"us","language":"en","title":"Why These Top Marijuana Stocks Got Slammed Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1140620694","media":"Motley Fool","summary":"It's about what's happening in a potentially powerful marijuana state.\nWhat happened\nIt was a terrib","content":"<p>It's about what's happening in a potentially powerful marijuana state.</p>\n<p><b>What happened</b></p>\n<p>It was a terrible Tuesday for most marijuana stocks, particularly the Canadian ones.<b>Tilray</b> (NASDAQ:TLRY) sank by nearly 12%, while its partner-to-be <b>Aphria</b> (NASDAQ:APHA) fell by 9%.<b>Canopy Growth</b> (NASDAQ:CGC),<b>Aurora Cannabis</b> (NYSE:ACB),<b>Organigram Holdings</b> (NASDAQ:OGI), and <b>HEXO</b> (NYSE:HEXO) were close behind, sliding at rates from 4% to 7%.</p>\n<p><b>So what</b></p>\n<p>If there's one thing investors despise, it's uncertainty. Tuesday's big question mark was New York, which is considered by many weed-watchers to be the next likely state to legalize recreational marijuana.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31e57ae152cd078baebb7ec2593604d8\" tg-width=\"2000\" tg-height=\"1125\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p>Yet on Tuesday, there were conflicting media reports about the state government's decision to flip the switch.</p>\n<p>The Albany-based <i>Times Union</i>, for example, published an article that day headlined \"Legislature nears deal on recreational marijuana legalization.\" Yet Marijuana Moment quoted state Senate majority leader Andrea Stewart-Cousins as saying negotiations over such legislation \"reached a little bit of an impasse.\"</p>\n<p><b>Now what</b></p>\n<p>Much of this uncertainty can be attributed to the usual political horse-trading that goes into any significant piece of legislation. Most sensible New Yorkers -- even the politicians -- realize that the state is facing a budgetary chasm and desperately needs good tax revenue sources.</p>\n<p>At the end of the day, for all the political noise, New York seems to be barreling straight toward recreational legalization. This might ultimately be the factor driving the prices of Canadian pot companies down; after all, it's their American peers that will be able to immediately pounce on the New York market, not them.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why These Top Marijuana Stocks Got Slammed Tuesday</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 These Top Marijuana Stocks Got Slammed Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 11:55 GMT+8 <a href=https://www.fool.com/investing/2021/03/16/why-these-top-marijuana-stocks-got-slammed-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's about what's happening in a potentially powerful marijuana state.\nWhat happened\nIt was a terrible Tuesday for most marijuana stocks, particularly the Canadian ones.Tilray (NASDAQ:TLRY) sank by ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/why-these-top-marijuana-stocks-got-slammed-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TLRY":"Tilray Inc.","APHA":"Aphria Inc.","OGI":"ORGANIGRAM HOLD","CGC":"Canopy Growth Corporation","ACB":"奥罗拉大麻公司"},"source_url":"https://www.fool.com/investing/2021/03/16/why-these-top-marijuana-stocks-got-slammed-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140620694","content_text":"It's about what's happening in a potentially powerful marijuana state.\nWhat happened\nIt was a terrible Tuesday for most marijuana stocks, particularly the Canadian ones.Tilray (NASDAQ:TLRY) sank by nearly 12%, while its partner-to-be Aphria (NASDAQ:APHA) fell by 9%.Canopy Growth (NASDAQ:CGC),Aurora Cannabis (NYSE:ACB),Organigram Holdings (NASDAQ:OGI), and HEXO (NYSE:HEXO) were close behind, sliding at rates from 4% to 7%.\nSo what\nIf there's one thing investors despise, it's uncertainty. Tuesday's big question mark was New York, which is considered by many weed-watchers to be the next likely state to legalize recreational marijuana.\nIMAGE SOURCE: GETTY IMAGES.\nYet on Tuesday, there were conflicting media reports about the state government's decision to flip the switch.\nThe Albany-based Times Union, for example, published an article that day headlined \"Legislature nears deal on recreational marijuana legalization.\" Yet Marijuana Moment quoted state Senate majority leader Andrea Stewart-Cousins as saying negotiations over such legislation \"reached a little bit of an impasse.\"\nNow what\nMuch of this uncertainty can be attributed to the usual political horse-trading that goes into any significant piece of legislation. Most sensible New Yorkers -- even the politicians -- realize that the state is facing a budgetary chasm and desperately needs good tax revenue sources.\nAt the end of the day, for all the political noise, New York seems to be barreling straight toward recreational legalization. This might ultimately be the factor driving the prices of Canadian pot companies down; after all, it's their American peers that will be able to immediately pounce on the New York market, not them.","news_type":1},"isVote":1,"tweetType":1,"viewCount":452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328253296,"gmtCreate":1615533832515,"gmtModify":1703490544829,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328253296","repostId":"2118993441","repostType":4,"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321570207,"gmtCreate":1615456444609,"gmtModify":1703489284909,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Nice ","listText":"Nice ","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321570207","repostId":"2118988502","repostType":4,"repost":{"id":"2118988502","kind":"highlight","pubTimestamp":1615454992,"share":"https://www.laohu8.com/m/news/2118988502?lang=&edition=full","pubTime":"2021-03-11 17:29","market":"us","language":"en","title":"ARK fund snaps up over 500,000 shares of Roblox in debut","url":"https://stock-news.laohu8.com/highlight/detail?id=2118988502","media":"MarketWatch","summary":"The ARK Next Generation Internet ETFbought over 500,000 shares of Roblox,the video-games developer t","content":"<p>The ARK Next Generation Internet ETFbought over 500,000 shares of Roblox,the video-games developer that surged 54% in its trading debut on Wednesday. The position, worth $36 million, amounts to 0.47% of the Cathie Wood-managed fund, according to the trading position data posted on ARK's website. The same fund sold nearly $18 million worth of Facebook.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK fund snaps up over 500,000 shares of Roblox in debut</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\">\nARK fund snaps up over 500,000 shares of Roblox in debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 17:29 GMT+8 <a href=https://www.marketwatch.com/story/ark-fund-snaps-up-over-500000-shares-of-roblox-in-debut-2021-03-11?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The ARK Next Generation Internet ETFbought over 500,000 shares of Roblox,the video-games developer that surged 54% in its trading debut on Wednesday. The position, worth $36 million, amounts to 0.47% ...</p>\n\n<a href=\"https://www.marketwatch.com/story/ark-fund-snaps-up-over-500000-shares-of-roblox-in-debut-2021-03-11?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":{"ARKK":"ARK Innovation ETF","ARKW":"ARK Next Generation Internation ETF","RBLX":"Roblox Corporation"},"source_url":"https://www.marketwatch.com/story/ark-fund-snaps-up-over-500000-shares-of-roblox-in-debut-2021-03-11?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"2118988502","content_text":"The ARK Next Generation Internet ETFbought over 500,000 shares of Roblox,the video-games developer that surged 54% in its trading debut on Wednesday. The position, worth $36 million, amounts to 0.47% of the Cathie Wood-managed fund, according to the trading position data posted on ARK's website. The same fund sold nearly $18 million worth of Facebook.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320685653,"gmtCreate":1615093028872,"gmtModify":1703484684476,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>[开心] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>[开心] ","text":"$Tiger Brokers(TIGR)$[开心]","images":[{"img":"https://static.tigerbbs.com/07c6eb2354dc446f227661766b3cad72","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320685653","isVote":1,"tweetType":1,"viewCount":869,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":349465844,"gmtCreate":1617632876988,"gmtModify":1634297421389,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Great ","listText":"Great ","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/349465844","repostId":"1182378447","repostType":4,"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340164930,"gmtCreate":1617358532620,"gmtModify":1634521255630,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/340164930","repostId":"2124732330","repostType":4,"repost":{"id":"2124732330","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617349917,"share":"https://www.laohu8.com/m/news/2124732330?lang=&edition=full","pubTime":"2021-04-02 15:51","market":"fut","language":"en","title":"Chinese iron ore down 10% on the week while steel hits record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2124732330","media":"Reuters","summary":"* Dalian iron ore down 10.1% this week* Capacity utilisation rates at 163 mills hit 1-1/2 year low* ","content":"<p>* Dalian iron ore down 10.1% this week</p><p>* Capacity utilisation rates at 163 mills hit 1-1/2 year low</p><p>* Steel rebar and hot rolled coil hit record highs</p><p>(Adds detail, closing prices)</p><p>By Min Zhang and Shivani Singh</p><p>BEIJING, April 2 (Reuters) - Benchmark iron ore futures in China rose on Friday but were down more than 10% over the week while steel rebar and hot rolled coil prices closed at record highs on supply curbs.</p><p>China's state planner and industry ministry on Thursday announced planned inspections to check on implementation of steel capacity cuts in the past few years and reiterated its intention to curb crude steel output further in 2021 to reduce emissions.</p><p>Capacity utilisation rates at 163 blast furnaces in China fell to 76.92% this week, the lowest level since October 2019, data from Mysteel consultancy showed.</p><p>The most active iron ore futures on the Dalian Commodity Exchange closed 1.8% up at 979 yuan ($149.18) a tonne on Friday but was down 10.1% over the week.</p><p>Steel futures, meanwhile, extended gains on recovering consumption. Apparent demand for rebar and hot rolled coil rose by 7% and 2% respectively week on week.</p><p>The most-traded May contract for steel rebar on the Shanghai Futures Exchange surged 3.7% to 5,157 yuan at the close, the highest on record, for a ninth straight weekly gain.</p><p>Daily transaction volumes for construction materials, including rebar and wire rods, broke above 300,000 tonnes for the first time and stood at 350,700 tonnes on Thursday, Mysteel data showed.</p><p>Hot-rolled coil futures rose 2.5% to a record 5,556 yuan a tonne. The contract had risen for four consecutive weeks and ended this week with a 6.9% gain.</p><p>FUNDAMENTALS</p><p>* Dalian coking coal futures fell 2.7% to 1,570 yuan a tonne.</p><p>* Coke futures rose 2.6% to 2,386 yuan a tonne.</p><p>* Spot prices of iron ore with 62% iron content for delivery to China gained by $2 to $168 a tonne on Thursday.</p><p>* Shanghai stainless steel futures for June delivery edged down 0.2% to 14,275 yuan a tonne.</p><p>* Trading on the Shanghai Futures Exchange and Dalian Commodity Exchange will be halted on April 5 for the Tomb Sweeping holiday.</p><p>($1 = 6.5626 Chinese yuan renminbi)</p><p>(Reporting by Min Zhang and Shivani Singh Editing by Uttaresh.V and David Goodman)</p><p>((min.zhang@thomsonreuters.com; (8610) 5669-2105;))</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>Chinese iron ore down 10% on the week while steel hits record 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\">\nChinese iron ore down 10% on the week while steel hits record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-02 15:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Dalian iron ore down 10.1% this week</p><p>* Capacity utilisation rates at 163 mills hit 1-1/2 year low</p><p>* Steel rebar and hot rolled coil hit record highs</p><p>(Adds detail, closing prices)</p><p>By Min Zhang and Shivani Singh</p><p>BEIJING, April 2 (Reuters) - Benchmark iron ore futures in China rose on Friday but were down more than 10% over the week while steel rebar and hot rolled coil prices closed at record highs on supply curbs.</p><p>China's state planner and industry ministry on Thursday announced planned inspections to check on implementation of steel capacity cuts in the past few years and reiterated its intention to curb crude steel output further in 2021 to reduce emissions.</p><p>Capacity utilisation rates at 163 blast furnaces in China fell to 76.92% this week, the lowest level since October 2019, data from Mysteel consultancy showed.</p><p>The most active iron ore futures on the Dalian Commodity Exchange closed 1.8% up at 979 yuan ($149.18) a tonne on Friday but was down 10.1% over the week.</p><p>Steel futures, meanwhile, extended gains on recovering consumption. Apparent demand for rebar and hot rolled coil rose by 7% and 2% respectively week on week.</p><p>The most-traded May contract for steel rebar on the Shanghai Futures Exchange surged 3.7% to 5,157 yuan at the close, the highest on record, for a ninth straight weekly gain.</p><p>Daily transaction volumes for construction materials, including rebar and wire rods, broke above 300,000 tonnes for the first time and stood at 350,700 tonnes on Thursday, Mysteel data showed.</p><p>Hot-rolled coil futures rose 2.5% to a record 5,556 yuan a tonne. The contract had risen for four consecutive weeks and ended this week with a 6.9% gain.</p><p>FUNDAMENTALS</p><p>* Dalian coking coal futures fell 2.7% to 1,570 yuan a tonne.</p><p>* Coke futures rose 2.6% to 2,386 yuan a tonne.</p><p>* Spot prices of iron ore with 62% iron content for delivery to China gained by $2 to $168 a tonne on Thursday.</p><p>* Shanghai stainless steel futures for June delivery edged down 0.2% to 14,275 yuan a tonne.</p><p>* Trading on the Shanghai Futures Exchange and Dalian Commodity Exchange will be halted on April 5 for the Tomb Sweeping holiday.</p><p>($1 = 6.5626 Chinese yuan renminbi)</p><p>(Reporting by Min Zhang and Shivani Singh Editing by Uttaresh.V and David Goodman)</p><p>((min.zhang@thomsonreuters.com; (8610) 5669-2105;))</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124732330","content_text":"* Dalian iron ore down 10.1% this week* Capacity utilisation rates at 163 mills hit 1-1/2 year low* Steel rebar and hot rolled coil hit record highs(Adds detail, closing prices)By Min Zhang and Shivani SinghBEIJING, April 2 (Reuters) - Benchmark iron ore futures in China rose on Friday but were down more than 10% over the week while steel rebar and hot rolled coil prices closed at record highs on supply curbs.China's state planner and industry ministry on Thursday announced planned inspections to check on implementation of steel capacity cuts in the past few years and reiterated its intention to curb crude steel output further in 2021 to reduce emissions.Capacity utilisation rates at 163 blast furnaces in China fell to 76.92% this week, the lowest level since October 2019, data from Mysteel consultancy showed.The most active iron ore futures on the Dalian Commodity Exchange closed 1.8% up at 979 yuan ($149.18) a tonne on Friday but was down 10.1% over the week.Steel futures, meanwhile, extended gains on recovering consumption. Apparent demand for rebar and hot rolled coil rose by 7% and 2% respectively week on week.The most-traded May contract for steel rebar on the Shanghai Futures Exchange surged 3.7% to 5,157 yuan at the close, the highest on record, for a ninth straight weekly gain.Daily transaction volumes for construction materials, including rebar and wire rods, broke above 300,000 tonnes for the first time and stood at 350,700 tonnes on Thursday, Mysteel data showed.Hot-rolled coil futures rose 2.5% to a record 5,556 yuan a tonne. The contract had risen for four consecutive weeks and ended this week with a 6.9% gain.FUNDAMENTALS* Dalian coking coal futures fell 2.7% to 1,570 yuan a tonne.* Coke futures rose 2.6% to 2,386 yuan a tonne.* Spot prices of iron ore with 62% iron content for delivery to China gained by $2 to $168 a tonne on Thursday.* Shanghai stainless steel futures for June delivery edged down 0.2% to 14,275 yuan a tonne.* Trading on the Shanghai Futures Exchange and Dalian Commodity Exchange will be halted on April 5 for the Tomb Sweeping holiday.($1 = 6.5626 Chinese yuan renminbi)(Reporting by Min Zhang and Shivani Singh Editing by Uttaresh.V and David Goodman)((min.zhang@thomsonreuters.com; (8610) 5669-2105;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321570207,"gmtCreate":1615456444609,"gmtModify":1703489284909,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Nice ","listText":"Nice ","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321570207","repostId":"2118988502","repostType":4,"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352061357,"gmtCreate":1616832956679,"gmtModify":1634523773388,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"[开心] ","listText":"[开心] ","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352061357","repostId":"1165077583","repostType":4,"repost":{"id":"1165077583","kind":"news","pubTimestamp":1616768365,"share":"https://www.laohu8.com/m/news/1165077583?lang=&edition=full","pubTime":"2021-03-26 22:19","market":"us","language":"en","title":"Earnings Forecasts Are Low. What That Means for Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1165077583","media":"Barrons","summary":"Analysts have been racing to revise earnings estimates upward of late, but those projections could e","content":"<p>Analysts have been racing to revise earnings estimates upward of late, but those projections could easily still be too low. That could mean more upside for stocks even though the market has been hot recently.</p>\n<p>Earnings estimates for 2021 for the average S&P 500 company have been revised higher by 8% in the past six months, according to FactSet data.Covid-19 vaccines have found arms at a fast pace, enabling states to reopen, which has been met by pent-up demand resulting fromtrillions of dollars of fiscal stimulus. Given that, revisions upward may now be less frequent.</p>\n<p>But there is indeed more upside to earnings, according to analysis from Credit Suisse strategists. For every percentage point of additional gross domestic product growth, revenue growth on the S&P 500 is roughly double, historically, Credit Suisse said. With GDP expected to grow just over 7% in 2021—the fastest clip in decades as the economy normalizes after the lockdowns of 2020—S&P 500 revenues could grow about 14%.</p>\n<p>But analysts only expect aggregate sales growth on the index of around 9% for the year, according to FactSet data. Considering current revenue estimates, Credit Suisse’s analysis implies roughly 4% upside to sales projections.</p>\n<p>Earnings would have even more potential to rise. For many S&P 500 companies—think of manufacturers, retail businesses, and food-chain operators—increased sales often mean even higher profit growth. That is because those companies have high operating leverage: A significant portion of their costs don’t vary much, so when sales rise, profit margins expand and earnings grow robustly.</p>\n<p>Credit Suisse is forecasting EPS growth of 34% in 2021, higher than the consensus estimate of 25%.</p>\n<p>Would higher expectations pump stock prices upward significantly? One challenge is that stocks already reflect a high degree of optimism. The S&P 500 is up almost 20% since late September,when investors resumed buying up assets most sensitive to changes in the economy.</p>\n<p>That has brought valuations to fairly high levels, with the average stock on the index trading at just under 22 times the per-share earnings expected for next year, compared with the long-term average of 15 times.</p>\n<p>But interest rates have recently been on the rise,which makes stocks less attractive.Many on Wall Street see the S&P 500 trading down to 20 times the earnings expected for next year.While expectations of bigger profits could help stocks, the gain would be partially offset if shares trade at a lower multiple of forecasted earnings.</p>\n<p>The most economically sensitive stocks are some of the best ones to play the earnings story.Cyclicals have run hot,but some still look good.</p>\n<p>Norfolk Southern (ticker: NSC) could achieve earnings per share of $16 by 2023,Citigroup analysts wrote in a note. That would put the rail and transportation company on a path to grow earnings at a 20% clip for the next three years, up from the 13% FactSet data indicates Wall Street analysts currently expect. While the stock is trading above its average price/earnings ratio for the past five years, the Citi analysts still see room for a 37% gain in the shares.</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>Earnings Forecasts Are Low. What That Means for Stocks</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\">\nEarnings Forecasts Are Low. What That Means for Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 22:19 GMT+8 <a href=https://www.barrons.com/articles/why-forecasts-for-earnings-are-low-and-what-that-means-for-stocks-51616758201?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Analysts have been racing to revise earnings estimates upward of late, but those projections could easily still be too low. That could mean more upside for stocks even though the market has been hot ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-forecasts-for-earnings-are-low-and-what-that-means-for-stocks-51616758201?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/why-forecasts-for-earnings-are-low-and-what-that-means-for-stocks-51616758201?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165077583","content_text":"Analysts have been racing to revise earnings estimates upward of late, but those projections could easily still be too low. That could mean more upside for stocks even though the market has been hot recently.\nEarnings estimates for 2021 for the average S&P 500 company have been revised higher by 8% in the past six months, according to FactSet data.Covid-19 vaccines have found arms at a fast pace, enabling states to reopen, which has been met by pent-up demand resulting fromtrillions of dollars of fiscal stimulus. Given that, revisions upward may now be less frequent.\nBut there is indeed more upside to earnings, according to analysis from Credit Suisse strategists. For every percentage point of additional gross domestic product growth, revenue growth on the S&P 500 is roughly double, historically, Credit Suisse said. With GDP expected to grow just over 7% in 2021—the fastest clip in decades as the economy normalizes after the lockdowns of 2020—S&P 500 revenues could grow about 14%.\nBut analysts only expect aggregate sales growth on the index of around 9% for the year, according to FactSet data. Considering current revenue estimates, Credit Suisse’s analysis implies roughly 4% upside to sales projections.\nEarnings would have even more potential to rise. For many S&P 500 companies—think of manufacturers, retail businesses, and food-chain operators—increased sales often mean even higher profit growth. That is because those companies have high operating leverage: A significant portion of their costs don’t vary much, so when sales rise, profit margins expand and earnings grow robustly.\nCredit Suisse is forecasting EPS growth of 34% in 2021, higher than the consensus estimate of 25%.\nWould higher expectations pump stock prices upward significantly? One challenge is that stocks already reflect a high degree of optimism. The S&P 500 is up almost 20% since late September,when investors resumed buying up assets most sensitive to changes in the economy.\nThat has brought valuations to fairly high levels, with the average stock on the index trading at just under 22 times the per-share earnings expected for next year, compared with the long-term average of 15 times.\nBut interest rates have recently been on the rise,which makes stocks less attractive.Many on Wall Street see the S&P 500 trading down to 20 times the earnings expected for next year.While expectations of bigger profits could help stocks, the gain would be partially offset if shares trade at a lower multiple of forecasted earnings.\nThe most economically sensitive stocks are some of the best ones to play the earnings story.Cyclicals have run hot,but some still look good.\nNorfolk Southern (ticker: NSC) could achieve earnings per share of $16 by 2023,Citigroup analysts wrote in a note. That would put the rail and transportation company on a path to grow earnings at a 20% clip for the next three years, up from the 13% FactSet data indicates Wall Street analysts currently expect. While the stock is trading above its average price/earnings ratio for the past five years, the Citi analysts still see room for a 37% gain in the shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":358033173,"gmtCreate":1616638773992,"gmtModify":1634524790457,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"[难过] ","listText":"[难过] ","text":"[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/358033173","repostId":"1132657904","repostType":4,"repost":{"id":"1132657904","kind":"news","pubTimestamp":1616632329,"share":"https://www.laohu8.com/m/news/1132657904?lang=&edition=full","pubTime":"2021-03-25 08:32","market":"us","language":"en","title":"GameStop shares fall 33% on lack of transformation detail, possible share sale","url":"https://stock-news.laohu8.com/highlight/detail?id=1132657904","media":"cnbc","summary":"KEY POINTS\n\nGameStop missed on the top and bottom lines of its quarterly results, but e-commerce sal","content":"<div>\n<p>KEY POINTS\n\nGameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html\">Web Link</a>\n\n</div>\n","source":"lsy1609915699154","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>GameStop shares fall 33% on lack of transformation detail, possible share sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop shares fall 33% on lack of transformation detail, possible share sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-25 08:32 GMT+8 <a href=https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nGameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.cnbc.com/2021/03/23/gamestop-shares-rise-on-e-commerce-sales-jump-new-coo.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132657904","content_text":"KEY POINTS\n\nGameStop missed on the top and bottom lines of its quarterly results, but e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period.\nThe brick-and-mortar video game retailer named former Amazon and Google executive Jenna Owens as its new chief operating officer.\nGameStop also acknowledged in a filing that it was considering selling additional equity shares.\nDuring a much anticipated earnings conference call that at one point reached maximum capacity, the company declined to answer questions.\n\nInvestors finally got a look atGameStop's fundamentals following a Reddit-fueled trading frenzy earlier this year and were left wanting more from the video game retailer.\nHere's what the company announced after the bell Tuesday.\n\nIt released fiscal fourth-quarter results that missedWall Street's estimates on the top and bottom lines.\nIn its latest executive shake-up, the company named former Amazon and Google executive Jenna Owens as its new chief operating officer.\nIn a hint of the transformation that’s got some investors excited about the stock, the company said global e-commerce sales jumped 175% last quarter and accounted for more than a third of its sales in the period.\nGameStop also acknowledged in a filing that it was considering selling additional equity shares to fund its transformation.\nDuring a much anticipated earnings conference call that at one point reached maximum capacity, the company declined to answer questions.\n\nShares tanked 33.8% on Wednesday on the potential share sale and disappointment that a more detailed transformation wasn’t unveiled.\n“The highly anticipated 4Q20 earnings report from GameStop was a bit anti-climatic,” wrote Telsey Advisory Group analyst Joseph Feldman. “While EPS met the consensus, it was completely driven by a tax benefit that offset much worse than expected operating profit. Moreover, while everyone was expecting big news about some massive digital transformation in the mold of the new tech-oriented board members, nothing was said.”\n“In fact, the company did not even take questions on the earnings conference call,” added Feldman. “As for the much anticipated strategic plan, it sounded like every other retailer.”\nFor the fiscal period ended January 2021, GameStop earned $1.34 per share on revenue of $2.12 billion. Wall Street was expecting earnings per share of $1.35 on revenue of $2.21 billion, according to Refinitiv’s average of the six analysts.\nGameStop’s fiscal fourth-quarter earnings typically make up the majority of the company’s yearly earnings, boosted by holiday sales. The company’s same-store sales rose 6.5% last quarter.\nThe company said it is continuing to suspend guidance, but is updating its fulfillment operations to boost the speed of its delivery and services. GameStop CEO George Sherman also revealed that February comparable store sales increased 23%, thanks to strength in hardware sales worldwide.\nAlong with the mania-fueled trading, GameStop’s stock has responded positively on new developments for the company in the past five months like the appointment ofChewyco-founder Ryan Cohen to GameStop’s board and a focus on GameStop’s technology and e-commerce transition.\nGameStop said after the bell that it continues to seek out executive talent with e-commerce, retail and technology expertise to bolster its turnaround. Sherman said on the conference call that GameStop was “focused on transforming into a customer-obsessed technology company that excites gamers.”\nEarlier this month, GameStopannounced it tapped Cohen to lead its shift to e-commerce. He is serving as chairman of a special committee formed by GameStop’s board to help its transformation. Board members Alan Attal, Chewy’s former top operations executive, and Kurt Wolf, chief investment officer of Hestia Capital Management, also serve on the committee.\n\nEarlier this year, an epic short squeeze in the company’s stock shocked Wall Street and drew attention to an emerging class of retail investor on social media platforms like Reddit. GameStop’s share price skyrocketed to $483 per share, and subsequently lost 90% of its value. The controversy drew the attention of Wall Street and Washington.\nGameStop still has a market capitalization of nearly $13 billion through Tuesday’s close, 10 times the $1.3 billion market value the stock had at the end of last year. A year ago, GameStop’s market capitalization was $245 million.\nNaming Owens as COO is the latest in a series of recent personnel moves, but it remains to be seen whether these moves and the sparse detail given Tuesday night will satisfy investors that have bid up the stock to such high levels.\nTelsey’s Feldman lowered his price target on the shares to $30 from $33 following the results. The new target would represent a decline of more than 80% from Tuesday’s close.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1039,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":320685653,"gmtCreate":1615093028872,"gmtModify":1703484684476,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>[开心] ","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>[开心] ","text":"$Tiger Brokers(TIGR)$[开心]","images":[{"img":"https://static.tigerbbs.com/07c6eb2354dc446f227661766b3cad72","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320685653","isVote":1,"tweetType":1,"viewCount":869,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":356001044,"gmtCreate":1616737102988,"gmtModify":1634524277787,"author":{"id":"3576547785025400","authorId":"3576547785025400","name":"Kimsu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576547785025400","authorIdStr":"3576547785025400"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/356001044","repostId":"1100799979","repostType":4,"repost":{"id":"1100799979","kind":"news","pubTimestamp":1616730844,"share":"https://www.laohu8.com/m/news/1100799979?lang=&edition=full","pubTime":"2021-03-26 11:54","market":"us","language":"en","title":"Stay bullish on the stock market in the face of some fresh sell signals","url":"https://stock-news.laohu8.com/highlight/detail?id=1100799979","media":"marketwatch","summary":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticea","content":"<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.</p>\n<p>There is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.</p>\n<p>It is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).</p>\n<p><img src=\"https://static.tigerbbs.com/c46ab28413e089cb3da5f328292ad4e7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>One positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.</p>\n<p>What is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.</p>\n<p>Equity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly. They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”</p>\n<p><img src=\"https://static.tigerbbs.com/bfd689fa18eceb515c752afa1cb024f7\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN<img src=\"https://static.tigerbbs.com/9216bd23616405d8464aa44f5baea259\" tg-width=\"620\" tg-height=\"460\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>Breadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then. The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”</p>\n<p>The NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.</p>\n<p>Meanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).</p>\n<p>A significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May. That was the case again on March 24. That places this indicator on a sell signal until new highs take control once again.</p>\n<p>Countering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.</p>\n<p>Moreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.</p>\n<p>If VIX should continue to fall below there, it would be a bullish sign for stocks.</p>\n<p><img src=\"https://static.tigerbbs.com/c5d40b1aedd4e9457306d25814439c92\" tg-width=\"620\" tg-height=\"465\" referrerpolicy=\"no-referrer\">LAWRENCE MCMILLAN</p>\n<p>As we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).</p>\n<p>Now, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&P’s realized and implied volatility.</p>\n<p>The construct of volatility derivatives has remained bullish throughout. VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.</p>\n<p>The first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.</p>\n<p>Near-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. So we still maintaining a “core” bullish position until those two trends are broken.</p>","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>Stay bullish on the stock market in the face of some fresh sell signals</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\">\nStay bullish on the stock market in the face of some fresh sell signals\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 11:54 GMT+8 <a href=https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d8fb95e65f042f352c6313989391357","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stay-bullish-on-the-stock-market-in-the-face-of-some-fresh-sell-signals-01616682019?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100799979","content_text":"The stock market continues to be led by the Dow Jones Industrial Average,with NASDAQ lagging noticeably behind, and the S&P 500 indexcaught somewhere in the middle. This is not a good scenario for stocks.\nThere is an old adage that it is not good for the market if the Generals are out in front of the Army (the “Generals” being General Motors, General Electric, etc. – i.e., the mainstays of the Dow of days gone by; the “Army” being the main body of stocks). The point is that if the advance is narrow and limited to the largest institutional stocks, then trouble lies ahead.\nIt is a good point, but too vague to implement as a trading system. We would normally see that reflected in breadth (which is now giving a sell signal) and new highs vs. new lows (which is also on a sell signal).\nLAWRENCE MCMILLAN\nOne positive thing is that the SPX chart is still in an uptrend, as the moving averages and “modified Bollinger Bands” are still trending higher. However, if the S&P breaks through support at 3,870, that uptrend would be called into question. As one can see from the accompanying chart, there is further support near 3,725. If that is broken, the bears would clearly be in charge. Meanwhile, the recent all-time highs, at 3,985, represent resistance.\nWhat is different today compared to previous minor pullbacks is that several of our internal indicators have weakened considerably and are on sell signals: breadth, new highs vs. new lows, and equity-only put-call ratios.\nEquity-only put-call ratios remain on sell signals that were first generated in mid-February and that have strengthened by beginning to rise rapidly. They are still relatively low on their charts, meaning that there is a lot of room to move higher before one might say they are “oversold.”\nLAWRENCE MCMILLANLAWRENCE MCMILLAN\nBreadth has deteriorated badly over the past two weeks – especially this last week. Sell signals were generated by the breadth oscillators on March 18 and March 19, and those oscillators have plunged since then. The “stocks only” breadth oscillator has already descended into oversold territory, but “oversold doesn’t mean buy.”\nThe NYSE breadth oscillator is also moving lower, but at a much slower pace, since the more positive “Dow-type” stocks have a heavier weight in that oscillator.\nMeanwhile, cumulative breadth has fallen sharply as well. That is not a signal, but it is worth noting that the “stocks only” cumulative advance-decline line has fallen almost 10,000 issues since the cumulative A-D line reached an all-time high on March 15 (that is, over that time, summing the daily figures, declines have outnumbered advances by 10,000 issues).\nA significant development has also occurred in the case of the “new highs vs. new lows” indicator. On March 23, new 52-week lows outnumbered new 52-week highs andnew 52-week lows numbered more than 100 issues — the first time that has happened since last May. That was the case again on March 24. That places this indicator on a sell signal until new highs take control once again.\nCountering the negativity of put-call ratios, breadth, and new highs vs. new lows, is the fact that the volatility indicators still remain generally bullish. VIX has not risen substantially (yet), so the “spike peak” buy signal of March 4 remains in place.\nMoreover, the trend of VIXVIX,-6.56%continues to be lower, as both VIX and its 20-day moving average are below the declining 200-day moving average. In fact, on March 22, VIX closed at its lowest price (18.88) since February 2020.\nIf VIX should continue to fall below there, it would be a bullish sign for stocks.\nLAWRENCE MCMILLAN\nAs we’ve noted previously, the fact that VIX has remained so high all during the huge rally over the past year has been a worrisome sign for many traders. But the traders that were keeping VIX higher were actually correct, because realized volatility of SPX (i.e., its 20-day historical volatility) has been just below 20 since early March. Thus, realized volatility rose to meet implied volatility, rather than the other way around (which is more often the case).\nNow, if one wants to make the case that it is worrisome to see both forms of volatility this high, then so be it. But there is no longer any significant difference between the S&P’s realized and implied volatility.\nThe construct of volatility derivatives has remained bullish throughout. VIX futures are all trading at premiums to VIX, and the term structure slopes upward through the coming summer. Similarly, the term structure of the CBOE Volatility Indices slopes upward through the next six months as well.\nThe first sign of a negative reversal here would be if the April VIX futures traded above the price of May VIX futures.\nNear-term deterioration in some internal indicators is certainly a cause for worry, and small countertrend bearish positions can be taken because of that. However, the S&P’s trend is still higher, and the trend of VIX is still lower – both bullish factors. 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