HuiEr的个人主页 - 老虎社区

HuiEr

HuiEr

Newbie in investment

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2021-04-07

[可爱]

Apple and Microsoft Are Top Tech to Watch as Earnings Begin

2021-04-05

[贱笑]

抱歉，原内容已删除

2021-04-03

[傲娇]

抱歉，原内容已删除

2021-04-02

[惊讶]

抱歉，原内容已删除

2021-04-01

[惊讶]

2021-03-31

[强]

抱歉，原内容已删除

2021-03-29

[惊讶]

索尼停产！苹果停产！蔚来停产！芯片荒来了：全球万家企业影响巨大

2021-03-24

[惊讶] [惊讶]

小鹏的「飞行梦」，飞行汽车真的能上天？

2021-03-23

[强] [强]

Why Amazon And Apple Are Proof US Equities Aren't In A Bubble

2021-03-22

[你懂的]

Facebook disables 1.3 billion fake accounts in Oct-Dec last year

2021-03-21

[惊讶] is the time now?

Apple Stock Is Going Down, One Analyst Says. Here’s Why

2021-03-19

[呆住]

抱歉，原内容已删除

2021-03-18

[强]

抱歉，原内容已删除

2021-03-17

[捂脸]

The Financial Crisis the World Forgot

2021-03-15

[强]

Nio Stock Looks as if It Is Going to Stay Volatile for a While

2021-03-12

Dun panic.. dun worry.. [贱笑] [财迷]

3 Reasons Not to Worry About a Stock Market Crash

2021-03-12

[强]

抱歉，原内容已删除

2021-03-05

[流泪] [流泪]

Palantir plunged more than 13%

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well above current forecasts of 220 million for full-year 2021 and besting its previous record of 231 million units sold in 2015.</p>\n<p>Microsoft&nbsp;also is poised to be a long-term winner, based on Ives’ team’s field checks, with the Redmond, Wash.-based software giant making progress in the cloud arms race with growth of Azure, a move that they say will continue to narrow the gap between Microsoft and Amazon&nbsp;in the web-services world.</p>\n<p>Healthcare cloud giant Nuance, meantime, is another Wedbush favorite as the company continues to be laser-focused on building a global cloud healthcare and AI-driven business as more hospital-wide deployments shift to the cloud, especially as the focus on cloud, security, and sharing healthcare data&nbsp;becomes front and center.</p>\n<p>Ives and his team have outperform ratings on all three companies.</p>\n<p>At last check, shares of Apple were down 0.42% at $125.68, while shares of Microsoft were up 0.35% at $248.72. Shares of Nuance were up 0.32% at $44.37.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple and Microsoft Are Top Tech to Watch as Earnings Begin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple and Microsoft Are Top Tech to Watch as Earnings Begin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-07 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/apple-microsoft-nuance-earnings-dan-ives-wedbush-forecast><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple, Microsoft and Nuance are the top three tech companies to watch as first-quarter earnings season begins, say analysts at Wedbush.\nApple, Microsoft and Nuance Communications are the top three ...</p>\n\n<a href=\"https://www.thestreet.com/investing/apple-microsoft-nuance-earnings-dan-ives-wedbush-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AAPL":"苹果","NUAN":"微妙通讯"},"source_url":"https://www.thestreet.com/investing/apple-microsoft-nuance-earnings-dan-ives-wedbush-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143956197","content_text":"Apple, Microsoft and Nuance are the top three tech companies to watch as first-quarter earnings season begins, say analysts at Wedbush.\nApple, Microsoft and Nuance Communications are the top three tech companies to watch as first-quarter earnings begin rolling out, with the trio poised to show better-than-expected earnings, sales and fundamentals thanks to their rising the fourth industrial revolution.\nIn a research note to clients on Wednesday, Wedbush Securities analysts Dan Ives and Strecker Backe said that while valuations will continue to be an emotional bull/bear debate, “… the fundamental growth on the horizon for these next-generation technologies is unprecedented as this fourth Industrial Revolution begins to take hold across the tech landscape.\n“We believe first-quarter earnings over the next month will be a major positive catalyst for tech names as our checks continue to show robust fundamentals/deal activity across the board,” the analysts wrote, adding that a 25% to 30% upward move for tech stocks is potentially in the cards through the remainder of the year, despite lingering rotation fears.\nFor Apple, Ives sees the“Supercycle” thesis playing out in both the March and June quarters, with the Cupertino, Calif. giant selling north of 240 million iPhones - well above current forecasts of 220 million for full-year 2021 and besting its previous record of 231 million units sold in 2015.\nMicrosoft also is poised to be a long-term winner, based on Ives’ team’s field checks, with the Redmond, Wash.-based software giant making progress in the cloud arms race with growth of Azure, a move that they say will continue to narrow the gap between Microsoft and Amazon in the web-services world.\nHealthcare cloud giant Nuance, meantime, is another Wedbush favorite as the company continues to be laser-focused on building a global cloud healthcare and AI-driven business as more hospital-wide deployments shift to the cloud, especially as the focus on cloud, security, and sharing healthcare data becomes front and center.\nIves and his team have outperform ratings on all three companies.\nAt last check, shares of Apple were down 0.42% at $125.68, while shares of Microsoft were up 0.35% at $248.72. Shares of Nuance were up 0.32% at $44.37.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":349565487,"gmtCreate":1617627090949,"gmtModify":1634297482531,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[贱笑]&nbsp;","listText":"[贱笑]&nbsp;","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/349565487","repostId":"1182378447","repostType":4,"isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":340481697,"gmtCreate":1617452466819,"gmtModify":1634520898651,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[傲娇]&nbsp;","listText":"[傲娇]&nbsp;","text":"[傲娇]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/340481697","repostId":"2124891758","repostType":4,"isVote":1,"tweetType":1,"viewCount":1116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":340889557,"gmtCreate":1617371882279,"gmtModify":1634521203000,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/340889557","repostId":"2124753545","repostType":2,"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":357530887,"gmtCreate":1617284278049,"gmtModify":1634521619211,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[{"img":"https://static.tigerbbs.com/5ecded2533f3f38205ba67c88623f633","width":"1242","height":"1318"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/357530887","isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":354286195,"gmtCreate":1617178661717,"gmtModify":1634522242550,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/354286195","repostId":"1163996400","repostType":4,"isVote":1,"tweetType":1,"viewCount":1101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":352716471,"gmtCreate":1617004419293,"gmtModify":1634523195108,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352716471","repostId":"2123623819","repostType":2,"repost":{"id":"2123623819","pubTimestamp":1616994186,"share":"https://www.laohu8.com/m/news/2123623819?lang=&edition=full","pubTime":"2021-03-29 13:03","market":"us","language":"zh","title":"索尼停产！苹果停产！蔚来停产！芯片荒来了：全球万家企业影响巨大","url":"https://stock-news.laohu8.com/highlight/detail?id=2123623819","media":"和讯网","summary":"芯片短缺 影响不断蔓延去年年底以来，汽车制造商密集传来因芯片短缺被迫停产的消息，目前已有大众、福特、现代、起亚、奔驰、日产、本田、蔚来等车企纷纷表示面临芯片荒，其中部分企业削减销量，甚至被迫停产。其实，缺少芯片的不仅仅是国外厂商，中国车企也在面临停产的威胁，3月26日，蔚来汽车表示临时停产5个工作日，停产原因同样为芯片供应短缺。芯片短缺“三宗罪”“芯荒”已成为目前全球各行业真实状态的写照。","content":"<html><body><article><p>全世界都在闹“芯荒”！从手机、电视、电脑、汽车等行业，到5G、人工智能、物联网、自动驾驶领域，无一不在受“工业粮食”芯片短缺的困扰。</p><p>芯片短缺 影响不断蔓延</p><p>去年年底以来，汽车制造商密集传来因芯片短缺被迫停产的消息，目前已有大众、福特、现代、起亚、奔驰、日产、本田、<a href=\"https://laohu8.com/S/NIO\">蔚来</a>等车企纷纷表示面临芯片荒，其中部分企业削减销量，甚至被迫停产。</p><p>据媒体报道，汽车巨头<a href=\"https://laohu8.com/S/GM\">通用汽车</a>将暂时关闭生产雪佛兰科迈罗、凯迪拉克CT4和CT5的密歇根州兰辛的工厂，预计今年4月份之前不会重新开工；仅隔一天，<a href=\"https://laohu8.com/S/F\">福特汽车</a>宣布俄亥俄州一家商用车工厂停产，并削减卡车工厂的产量。</p><p>除此之外，大众汽车集团表示，其全球最大工厂目前有9.3万辆高尔夫车型订单正面临芯片持续短缺的挑战；现代、起亚也表示仅剩2至6周的库存，当这些库存用完时或将在4月中断生产。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13349072887/0\"/><p>其实，缺少芯片的不仅仅是国外厂商，中国车企也在面临停产的威胁，3月26日，蔚来汽车表示临时停产5个工作日，停产原因同样为芯片供应短缺。</p><p>专业人士分析称，全球芯片短缺和相关停产，预计将导致减少约21.6万辆汽车，相当于减少了20亿美元的利润。</p><p>目前，由芯片短缺引起的连锁反应已经从汽车业蔓延到手机、相机等行业。<a href=\"https://laohu8.com/S/AAPL\">苹果</a>公司表示，部分新款高端iPhone的销售受到零部件短缺的限制；<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>方面也同样被曝出屏幕驱动芯片紧张。</p><p>小米中国区总裁卢伟冰称，今年芯片缺货，不是缺，而是极缺，不敢承诺今年手机会不缺货。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13349072971/0\"/><p>此外，受DAC和ADC芯片的生产瘫痪影响，<a href=\"https://laohu8.com/S/SNE\">索尼</a>宣布不再订购RX0 II紧凑型相机，Alpha 6100系统相机也有交付延迟，<a href=\"https://laohu8.com/S/CAJ\">佳能</a>、尼康也到影响，预计至少六个月才能恢复生产。</p><p>芯片短缺将影响到整个电子及周边行业，包括电子计算机、通信机、雷达、仪器、电视机、录音机、录像机、VR、无人机、<a href=\"https://laohu8.com/S/300024\">机器人</a>、LED等大大小小数十个行业以及行业中上万家企业。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13349072972/0\"/><p>芯片短缺“三宗罪”</p><p>“芯荒”已成为目前全球各行业真实状态的写照。</p><p>对于目前芯片产能不足、产品断供等状况，业内人士表示主要是三方面引起的：</p><p>第一个是突发的天灾，比如美国德州的暴雪、日本福岛县地震及半导体工厂火灾、东南亚工厂封闭、法国工厂频繁罢工、还有疫情封锁导致的电脑、手机、游戏机大卖等，都让全球芯片产能短缺情况恐进一步恶化；</p><p>第二个是芯片产能无法快速扩大，无论是<a href=\"https://laohu8.com/S/TSM\">台积电</a>、<a href=\"https://laohu8.com/S/QCOM\">高通</a>还是苹果，都没法快速扩大芯片产线。因为芯片制造需要的每个工序每个环节都得有全球仅有几个公司能生产的高端设备、得有具备超高技能水平的工程师参与生产、得有数十亿美元资金的投入，根本没办法短时间实现产能扩充；</p><p>第三个是外部打压和科技发展，在特朗普时期，美国商务部打压“<a href=\"https://laohu8.com/S/SMI\">中芯国际</a>”等中国科技企业，拉入黑名单等。除此之外，5G的加速普及也意外使得芯片缺货问题加剧，无论新一代5G手机、5G基地站及核心网等设备、5G路由器等设备、物联网(IoT)装置等，都在增加对半导体的需求。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13349073055/0\"/><p>国家统计局数据显示，2020年我国出口总额达8056亿元，同比增长15%；进口总额为24207亿元，同比增长14.8%。中国半导体行业协会副秘书长李珂表示，中国是全球最大的集成电路市场，所需芯片又大量依赖进口，芯片缺货对国内电子企业带来不利影响。</p><p>另一组数据显示，国内如今已占据全球15%得芯片市场，预计在十年后，将提高到24%。对于我国而言，获得足够多的芯片市场份额就意味着受外国限制更少，是意义重大的。</p><img src=\"http://inews.gtimg.com/newsapp_match/0/13349073056/0\"/><p>目前，除<a href=\"https://laohu8.com/S/688981\">中芯国际</a>外，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>也成立平头哥半导体公司，自主研发的玄铁910芯片已经可以被应用到5G、人工智能等众多的领域；3月26日，<a href=\"https://laohu8.com/S/BIDU\">百度</a>昆仑芯片业务已完成了独立融资协议签署，且昆仑芯片部门估值已超过130亿，据悉，百度昆仑芯片是百度自主研发的云端AI通用芯片。</p><p>随着被美政府打压，中国已经逐渐意识到科技受制于人的痛楚，如今，国内科技独角兽企业越来越多，再乘上本次全球芯片断供的风浪，打破现在固有的格局，中国必将奋起直追，后来者居上。</p></article></body></html>","source":"tencent","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>索尼停产！苹果停产！蔚来停产！芯片荒来了：全球万家企业影响巨大</title>\n<style 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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\">\n索尼停产！苹果停产！蔚来停产！芯片荒来了：全球万家企业影响巨大\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 13:03 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103291307417a4d4080&s=b><strong>和讯网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>全世界都在闹“芯荒”！从手机、电视、电脑、汽车等行业，到5G、人工智能、物联网、自动驾驶领域，无一不在受“工业粮食”芯片短缺的困扰。芯片短缺 影响不断蔓延去年年底以来，汽车制造商密集传来因芯片短缺被迫停产的消息，目前已有大众、福特、现代、起亚、奔驰、日产、本田、蔚来等车企纷纷表示面临芯片荒，其中部分企业削减销量，甚至被迫停产。据媒体报道，汽车巨头通用汽车将暂时关闭生产雪佛兰科迈罗、凯迪拉克CT4和...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103291307417a4d4080&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f36b37eb8e9efe8641c7be55a7da26d","relate_stocks":{"159813":"芯片","AAPL":"苹果","03086":"华夏纳指","03160":"华夏日股对冲","09086":"华夏纳指-U","NIO":"蔚来"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202103291307417a4d4080&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2123623819","content_text":"全世界都在闹“芯荒”！从手机、电视、电脑、汽车等行业，到5G、人工智能、物联网、自动驾驶领域，无一不在受“工业粮食”芯片短缺的困扰。芯片短缺 影响不断蔓延去年年底以来，汽车制造商密集传来因芯片短缺被迫停产的消息，目前已有大众、福特、现代、起亚、奔驰、日产、本田、蔚来等车企纷纷表示面临芯片荒，其中部分企业削减销量，甚至被迫停产。据媒体报道，汽车巨头通用汽车将暂时关闭生产雪佛兰科迈罗、凯迪拉克CT4和CT5的密歇根州兰辛的工厂，预计今年4月份之前不会重新开工；仅隔一天，福特汽车宣布俄亥俄州一家商用车工厂停产，并削减卡车工厂的产量。除此之外，大众汽车集团表示，其全球最大工厂目前有9.3万辆高尔夫车型订单正面临芯片持续短缺的挑战；现代、起亚也表示仅剩2至6周的库存，当这些库存用完时或将在4月中断生产。其实，缺少芯片的不仅仅是国外厂商，中国车企也在面临停产的威胁，3月26日，蔚来汽车表示临时停产5个工作日，停产原因同样为芯片供应短缺。专业人士分析称，全球芯片短缺和相关停产，预计将导致减少约21.6万辆汽车，相当于减少了20亿美元的利润。目前，由芯片短缺引起的连锁反应已经从汽车业蔓延到手机、相机等行业。苹果公司表示，部分新款高端iPhone的销售受到零部件短缺的限制；三星方面也同样被曝出屏幕驱动芯片紧张。小米中国区总裁卢伟冰称，今年芯片缺货，不是缺，而是极缺，不敢承诺今年手机会不缺货。此外，受DAC和ADC芯片的生产瘫痪影响，索尼宣布不再订购RX0 II紧凑型相机，Alpha 6100系统相机也有交付延迟，佳能、尼康也到影响，预计至少六个月才能恢复生产。芯片短缺将影响到整个电子及周边行业，包括电子计算机、通信机、雷达、仪器、电视机、录音机、录像机、VR、无人机、机器人、LED等大大小小数十个行业以及行业中上万家企业。芯片短缺“三宗罪”“芯荒”已成为目前全球各行业真实状态的写照。对于目前芯片产能不足、产品断供等状况，业内人士表示主要是三方面引起的：第一个是突发的天灾，比如美国德州的暴雪、日本福岛县地震及半导体工厂火灾、东南亚工厂封闭、法国工厂频繁罢工、还有疫情封锁导致的电脑、手机、游戏机大卖等，都让全球芯片产能短缺情况恐进一步恶化；第二个是芯片产能无法快速扩大，无论是台积电、高通还是苹果，都没法快速扩大芯片产线。因为芯片制造需要的每个工序每个环节都得有全球仅有几个公司能生产的高端设备、得有具备超高技能水平的工程师参与生产、得有数十亿美元资金的投入，根本没办法短时间实现产能扩充；第三个是外部打压和科技发展，在特朗普时期，美国商务部打压“中芯国际”等中国科技企业，拉入黑名单等。除此之外，5G的加速普及也意外使得芯片缺货问题加剧，无论新一代5G手机、5G基地站及核心网等设备、5G路由器等设备、物联网(IoT)装置等，都在增加对半导体的需求。国家统计局数据显示，2020年我国出口总额达8056亿元，同比增长15%；进口总额为24207亿元，同比增长14.8%。中国半导体行业协会副秘书长李珂表示，中国是全球最大的集成电路市场，所需芯片又大量依赖进口，芯片缺货对国内电子企业带来不利影响。另一组数据显示，国内如今已占据全球15%得芯片市场，预计在十年后，将提高到24%。对于我国而言，获得足够多的芯片市场份额就意味着受外国限制更少，是意义重大的。目前，除中芯国际外，阿里巴巴也成立平头哥半导体公司，自主研发的玄铁910芯片已经可以被应用到5G、人工智能等众多的领域；3月26日，百度昆仑芯片业务已完成了独立融资协议签署，且昆仑芯片部门估值已超过130亿，据悉，百度昆仑芯片是百度自主研发的云端AI通用芯片。随着被美政府打压，中国已经逐渐意识到科技受制于人的痛楚，如今，国内科技独角兽企业越来越多，再乘上本次全球芯片断供的风浪，打破现在固有的格局，中国必将奋起直追，后来者居上。","news_type":1},"isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":351610613,"gmtCreate":1616593171032,"gmtModify":1634525039649,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;[惊讶]&nbsp;","listText":"[惊讶]&nbsp;[惊讶]&nbsp;","text":"[惊讶] [惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/351610613","repostId":"2121468589","repostType":2,"repost":{"id":"2121468589","pubTimestamp":1616583060,"share":"https://www.laohu8.com/m/news/2121468589?lang=&edition=full","pubTime":"2021-03-24 18:51","market":"sh","language":"zh","title":"小鹏的「飞行梦」，飞行汽车真的能上天？","url":"https://stock-news.laohu8.com/highlight/detail?id=2121468589","media":"雷锋网","summary":"近日，小鹏汽车CEO何小鹏参加节目时表示，2021年底就可以体验到飞行汽车，引发热议。事实上，这不是何小鹏第一次提到飞行汽车的具体时间计划。赛道上的其他玩家事实上，飞行汽车早已不是什么新鲜事物，小鹏汽车也并非国内唯一一家涉足飞行汽车的车企。至于这一赛道为何能吸引这么多玩家入场，原因不外乎就是何小鹏所说的“飞行汽车将会有巨大的市场”。结语飞行汽车是否真的能够上天？","content":"<html><body><p>近日，<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>CEO何小鹏参加节目时表示，2021年底就可以体验到飞行汽车，引发热议。</p><p>事实上，这不是何小鹏第一次提到飞行汽车的具体时间计划。今年1月，何小鹏在接受媒体采访时已经透露，“2021年年底会推出飞行汽车，可以开放试乘试驾”。</p><p>这不禁让人有些好奇，距离计划的时间点已不足一年，小鹏届时将开放试乘体验的飞行汽车究竟是何模样？飞行汽车是否真的能实现？</p><p><font>小鹏飞行汽车是何模样？</font></p><p>根据何小鹏在节目中的描述，这台将会在2021年底开放试乘的飞行汽车，体积与一台普通汽车相当，可单车位停放，实现垂直升降。</p><p>而小鹏汽车在去年9月的<a href=\"https://laohu8.com/S/01958\">北京汽车</a>展上展出的旅航者T1，似乎已经满足上述条件。</p><div><img src=\"http://k.sinaimg.cn/n/spider2021324/736/w740h796/20210324/c936-kmvwsvx6669973.jpg/w720fin.jpg\"/></div><p>据悉，旅航者T1主要由下方的座位和上方的8轴螺旋桨组成，同时配有一个半开放的金属保护舱。该型号曾拿下红点设计奖等设计奖项。</p><p>安全性方面，旅航者T1可实现5-25米的超低空飞行，搭载全新的安全体系、自动驾驶，以及整车多备份冗余系统；</p><p>易用性方面，采用类汽车驾驶模式，单车位停放，可垂直起降，拥有<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>交互和低空地图导航功能。</p><p>值得注意的是，严格意义上，飞行汽车并非是由小鹏汽车内部孵化出来的项目，而是由何小鹏和小鹏汽车于2020年共同投资、控股成立的航空高科技创新型企业——小鹏汇天研发的产品。</p><p>据了解，小鹏汇天的研发总部位于广州，核心算法、新技术验证、新一代预研中心坐落于深圳，同时还拥有正阳直升机场试飞基地和海鸥岛飞行基地——两个分别用于研发试飞、符合性验证试飞的基地。 </p><p>目前，小鹏汇天的单人版和双人版型号已总共完成安全运行15000余架次。其中，2020年双人版验证机已累计飞行1万余架次。</p><p>此外，新智驾还了解到，小鹏汇天或于今年7月份参加<a href=\"https://laohu8.com/S/00152\">深圳国际</a>民用航空技术及产品展洽会-Aeromart China。</p><p>展会官网显示，小鹏汇天目前主要推出了三款产品，旅航者T1、旅行者X1，以及旅行者X2。</p><p>具体来看，旅航者T1，可作为景区观光的飞行平台使用；</p><p>旅行者X1，则是专为空中巡逻设计的一款机型，可以在实现空中对地面的检测的同时，对突发事件进行应急处理；</p><div><img src=\"http://k.sinaimg.cn/n/spider2021324/333/w740h393/20210324/8153-kmvwsvx6669972.jpg/w720fin.jpg\"/></div><p>旅行者X2，则是对应空中出行需求打造的飞行平台，“采用全新算法的飞控，可以实现一键飞行，一键规划路线，一键降落的智能驾驶功能。让出行在避开道路拥堵的同时，实现自动驾驶，解放双手，提高出行效率”。</p><p>综合以上描述和产品图，无论从外观上，还是从功能配置上，相比旅航者T1，旅行者X2似乎更接近于“飞行汽车”的概念。</p><p>所以，旅行者X2会不会就是何小鹏所说的将会在2021年底开放试乘体验的飞行汽车？让我们拭目以待。</p><p>赛道上的其他玩家</p><p>事实上，飞行汽车早已不是什么新鲜事物，小鹏汽车也并非国内唯一一家涉足飞行汽车的车企。</p><p>据了解，为打造立体的智能出行生态体系，完善其在大出行领域的产业链布局，早在2017年底，吉利就全资收购了美国飞行汽车公司Terrafugia，并将其命名为“太力飞行汽车”。</p><p>今年1月22日，吉利科技集团发布消息称，太力飞车Transition（TF-1）已经获得美国联邦航空局（FAA）颁发的适航证书。</p><p>相关资料显示，太力飞车TF-1采用了混合动力技术，最多可搭载两人，最大起飞重量约为850公斤，巡航速度可达167公里/小时，巡航高度达3000米，航程可达670公里。</p><p>除国内企业外，国外也有不少公司正在发力空中交通出行服务，且进展喜人。</p><p>2021年3月，德国空中交通初创公司Volocopter完成2亿欧元的D轮融资。据了解，目前该公司的飞行出租车已更新到第五代，并计划在两年内开通第一条商用空中路线。</p><p>2021年2月，美国一家从事飞行汽车研发的初创公司Joby Aviation，则计划通过与SPAC反向并购的方式上市。按照计划，2024年之前，该公司将推出空中出租车服务。</p><p>2020年10月，荷兰飞行汽车研发公司PAL-V旗下产品<a href=\"https://laohu8.com/S/LFG.AU\">Liberty</a>已经通过欧洲道路通行考核，可挂正式牌照上路。</p><p>2020年8月，日本一家由<a href=\"https://laohu8.com/S/TM\">丰田汽车</a>支持的初创公司SkyDrive成功完成飞行汽车载人飞行测试，并计划于2023年将该产品投入使用。</p><p>至于这一赛道为何能吸引这么多玩家入场，原因不外乎就是何小鹏所说的“飞行汽车将会有巨大的市场”。</p><p>一项由Frost &amp; Sullivan进行的城市空中交通(UAM)研究显示，空中出租车有可能会在2022年步入运营阶段，并将以每年46%的复合增长率扩张，到2040年将会有超过43万辆空中出租车投入使用。</p><p>同时，根据<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>的预测，到2040年，自动飞行汽车的市场规模有望达到1.5万亿美元。</p><p>结语</p><p>飞行汽车是否真的能够上天？仅从技术上而言，似乎胜利在望。</p><p>只是飞行汽车要实现落地，难点往往不在技术层面，而是在于与其配套的顶层设计：飞行汽车的认证标准如何统一？可供飞行的低空空域如何划分？驾驶员需要的究竟是机动车证还是飞行驾照？事故责任如何认定和划分……这些问题并非一朝一夕就能解决。</p><p>从这个角度看，小鹏汇天的“飞天梦”——“用汽车的体系和思维，让飞行走进家庭”，恐怕短期内还难以实现。</p><p><font>雷锋网<font>(公众号：雷锋网)</font>雷锋网雷锋网</font></p><p>雷锋网原创文章，未经授权禁止转载。详情见转载须知。</p></body></html>","source":"sina_symbol","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\" 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.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\">\n小鹏的「飞行梦」，飞行汽车真的能上天？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-24 18:51 北京时间&nbsp;&nbsp;&nbsp;<a href=https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2021-03-24/doc-ikkntiam7627295.shtml><strong>雷锋网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近日，小鹏汽车CEO何小鹏参加节目时表示，2021年底就可以体验到飞行汽车，引发热议。事实上，这不是何小鹏第一次提到飞行汽车的具体时间计划。今年1月，何小鹏在接受媒体采访时已经透露，“2021年年底会推出飞行汽车，可以开放试乘试驾”。这不禁让人有些好奇，距离计划的时间点已不足一年，小鹏届时将开放试乘体验的飞行汽车究竟是何模样？飞行汽车是否真的能实现？小鹏飞行汽车是何模样？根据何小鹏在节目中的描述，...</p>\n\n<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2021-03-24/doc-ikkntiam7627295.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/84f744795d09d7af7b33d92664a4cdff","relate_stocks":{"XPEV":"小鹏汽车"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2021-03-24/doc-ikkntiam7627295.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2121468589","content_text":"近日，小鹏汽车CEO何小鹏参加节目时表示，2021年底就可以体验到飞行汽车，引发热议。事实上，这不是何小鹏第一次提到飞行汽车的具体时间计划。今年1月，何小鹏在接受媒体采访时已经透露，“2021年年底会推出飞行汽车，可以开放试乘试驾”。这不禁让人有些好奇，距离计划的时间点已不足一年，小鹏届时将开放试乘体验的飞行汽车究竟是何模样？飞行汽车是否真的能实现？小鹏飞行汽车是何模样？根据何小鹏在节目中的描述，这台将会在2021年底开放试乘的飞行汽车，体积与一台普通汽车相当，可单车位停放，实现垂直升降。而小鹏汽车在去年9月的北京汽车展上展出的旅航者T1，似乎已经满足上述条件。据悉，旅航者T1主要由下方的座位和上方的8轴螺旋桨组成，同时配有一个半开放的金属保护舱。该型号曾拿下红点设计奖等设计奖项。安全性方面，旅航者T1可实现5-25米的超低空飞行，搭载全新的安全体系、自动驾驶，以及整车多备份冗余系统；易用性方面，采用类汽车驾驶模式，单车位停放，可垂直起降，拥有智能交互和低空地图导航功能。值得注意的是，严格意义上，飞行汽车并非是由小鹏汽车内部孵化出来的项目，而是由何小鹏和小鹏汽车于2020年共同投资、控股成立的航空高科技创新型企业——小鹏汇天研发的产品。据了解，小鹏汇天的研发总部位于广州，核心算法、新技术验证、新一代预研中心坐落于深圳，同时还拥有正阳直升机场试飞基地和海鸥岛飞行基地——两个分别用于研发试飞、符合性验证试飞的基地。 目前，小鹏汇天的单人版和双人版型号已总共完成安全运行15000余架次。其中，2020年双人版验证机已累计飞行1万余架次。此外，新智驾还了解到，小鹏汇天或于今年7月份参加深圳国际民用航空技术及产品展洽会-Aeromart China。展会官网显示，小鹏汇天目前主要推出了三款产品，旅航者T1、旅行者X1，以及旅行者X2。具体来看，旅航者T1，可作为景区观光的飞行平台使用；旅行者X1，则是专为空中巡逻设计的一款机型，可以在实现空中对地面的检测的同时，对突发事件进行应急处理；旅行者X2，则是对应空中出行需求打造的飞行平台，“采用全新算法的飞控，可以实现一键飞行，一键规划路线，一键降落的智能驾驶功能。让出行在避开道路拥堵的同时，实现自动驾驶，解放双手，提高出行效率”。综合以上描述和产品图，无论从外观上，还是从功能配置上，相比旅航者T1，旅行者X2似乎更接近于“飞行汽车”的概念。所以，旅行者X2会不会就是何小鹏所说的将会在2021年底开放试乘体验的飞行汽车？让我们拭目以待。赛道上的其他玩家事实上，飞行汽车早已不是什么新鲜事物，小鹏汽车也并非国内唯一一家涉足飞行汽车的车企。据了解，为打造立体的智能出行生态体系，完善其在大出行领域的产业链布局，早在2017年底，吉利就全资收购了美国飞行汽车公司Terrafugia，并将其命名为“太力飞行汽车”。今年1月22日，吉利科技集团发布消息称，太力飞车Transition（TF-1）已经获得美国联邦航空局（FAA）颁发的适航证书。相关资料显示，太力飞车TF-1采用了混合动力技术，最多可搭载两人，最大起飞重量约为850公斤，巡航速度可达167公里/小时，巡航高度达3000米，航程可达670公里。除国内企业外，国外也有不少公司正在发力空中交通出行服务，且进展喜人。2021年3月，德国空中交通初创公司Volocopter完成2亿欧元的D轮融资。据了解，目前该公司的飞行出租车已更新到第五代，并计划在两年内开通第一条商用空中路线。2021年2月，美国一家从事飞行汽车研发的初创公司Joby Aviation，则计划通过与SPAC反向并购的方式上市。按照计划，2024年之前，该公司将推出空中出租车服务。2020年10月，荷兰飞行汽车研发公司PAL-V旗下产品Liberty已经通过欧洲道路通行考核，可挂正式牌照上路。2020年8月，日本一家由丰田汽车支持的初创公司SkyDrive成功完成飞行汽车载人飞行测试，并计划于2023年将该产品投入使用。至于这一赛道为何能吸引这么多玩家入场，原因不外乎就是何小鹏所说的“飞行汽车将会有巨大的市场”。一项由Frost & Sullivan进行的城市空中交通(UAM)研究显示，空中出租车有可能会在2022年步入运营阶段，并将以每年46%的复合增长率扩张，到2040年将会有超过43万辆空中出租车投入使用。同时，根据摩根士丹利的预测，到2040年，自动飞行汽车的市场规模有望达到1.5万亿美元。结语飞行汽车是否真的能够上天？仅从技术上而言，似乎胜利在望。只是飞行汽车要实现落地，难点往往不在技术层面，而是在于与其配套的顶层设计：飞行汽车的认证标准如何统一？可供飞行的低空空域如何划分？驾驶员需要的究竟是机动车证还是飞行驾照？事故责任如何认定和划分……这些问题并非一朝一夕就能解决。从这个角度看，小鹏汇天的“飞天梦”——“用汽车的体系和思维，让飞行走进家庭”，恐怕短期内还难以实现。雷锋网(公众号：雷锋网)雷锋网雷锋网雷锋网原创文章，未经授权禁止转载。详情见转载须知。","news_type":1},"isVote":1,"tweetType":1,"viewCount":725,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":353489283,"gmtCreate":1616512646042,"gmtModify":1634525406093,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;[强]&nbsp;","listText":"[强]&nbsp;[强]&nbsp;","text":"[强] [强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353489283","repostId":"1122990114","repostType":4,"repost":{"id":"1122990114","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616508493,"share":"https://www.laohu8.com/m/news/1122990114?lang=&edition=full","pubTime":"2021-03-23 22:08","market":"us","language":"en","title":"Why Amazon And Apple Are Proof US Equities Aren't In A Bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=1122990114","media":"Benzinga","summary":"According to the investment banking giant, the current stock market valuations are substantially cor","content":"<p><img src=\"https://static.tigerbbs.com/e2c2061bf3e550d9b1fce50ea579fc04\" tg-width=\"685\" tg-height=\"375\"></p>\n<p><i>According to the investment banking giant, the current stock market valuations are substantially correct.</i></p>\n<p>With many stock markets reaching new highs, record issuances and a large number of deals in a row, fears that the markets may develop financial bubbles are also mounting. To help investors understand and avoid risks, Goldman Sachs&nbsp;has published a Global Strategy Paper which examines their characteristics and dangers, drawing the conclusion that current markets only present a few of the recurring features associated with bubbles. For example, there is no doubt that exceptionally-low interest rates can induce excessive risk-taking, but private sector finances are robust, thus reducing the chances of systemic risk in the absence of significant financial leverage, with the exception of government debts.</p>\n<p><b>Neither Bubbles Nor Bear Market In Sight:</b>&nbsp;According to Goldman Sachs, the initial phase of a recovery business cycle also suggests that the risk of impending bubbles, with their associated systemic risk, is relatively low. The investment company brings the example of&nbsp;<b>Amazon.com Inc.</b>&nbsp;and&nbsp;<b>Apple Inc.</b>&nbsp;stocks which, unlike in 2000, are not to be considered in bubble territory, since their respective fundamentals justify such high prices. The final verdict of the long and detailed analysis proposed by Goldman Sachs' \"guide to bubbles\" is that there are signs of complacency and high optimism in the market, but the key factors driving it and the cycle of economic recovery being just at the beginning seem to suggest that we are far from the explosion of a bubble. Moreover, as it can be evinced by the table below created by Goldman Sachs itself, bear market seems to be still in hibernation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/082fcbe3c0c000ea7aa6a5e22064dfc0\" tg-width=\"1002\" tg-height=\"258\"><span>Bubble characteristics and related risks</span></p>\n<p><b>Absence Of Any Significant Leverage</b>: Although Goldman admits the presence of pockets of&nbsp;overvaluations on the stock market, with some parts of it making adjustments consistent with the evolution of interest rates, there are no recurring features of bubbles, not even partial ones. Goldman particularly emphasizes the absence of any significant leverage - the only exception being the public sector, for it judges that the financial system stability risks are relatively low.</p>\n<p><b>High Prices May Be Justified:</b>Goldman's paper quotes Charles Mackay, who observed - already in 1841 - how human beings often \"think\" like a flock, but then do not necessarily behave as such when they finally menage to slowly grasp the meaning of things. Concerning the recent alarm triggered, by the Chinese regulator Guo Shuging, about bubbles swelling in the US and Europe, the analysis states that excessive prices of a single stock or applied to a limited part of the market do not necessarily indicate a systemic risk. Besides, not every swift price rise is related to a bubble, since it sometimes only signals a strong, genuine increase in value, justified by fundamentals.</p>\n<p><b>Psychological Contagion:</b>&nbsp;Psychology is a chief factor, as Robert Shiller pointed out in his book \"Irrational Exuberance\", published in 2000 and inspired by a famous quote from the then-Fed Chairman Alan Greenspan, who defined a bubble as the situation in which the news of rising prices provokes a contagion effect that spreads among investors, triggering a mechanism of envy for the success of others.</p>\n<p><b>A Handful Of Recurring Ingredients:</b>&nbsp;This sort of contagion has occurred several times over the centuries in human history - from the&nbsp;Dutch tulips of the 1600s&nbsp;to the bubbles of the South Seas and the Mississippi in Great Britain and France in the 1700s, not to mention the more recent Internet and subprime mortgage bubble, and passing through the \"railway\" bubble of last century in the United States. According to Goldman, the ultimate ingredients are few and never change: prices unanchored from reality, a justifying attitude, market concentration, widespread speculation, excess of leverage, the narration of being on the threshold of a new era and an end-of-cycle economic boom, all seasoned with scandals and behavior irregularities.</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 Amazon And Apple Are Proof US Equities Aren't In A Bubble</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 Amazon And Apple Are Proof US Equities Aren't In A Bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-23 22:08</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/e2c2061bf3e550d9b1fce50ea579fc04\" tg-width=\"685\" tg-height=\"375\"></p>\n<p><i>According to the investment banking giant, the current stock market valuations are substantially correct.</i></p>\n<p>With many stock markets reaching new highs, record issuances and a large number of deals in a row, fears that the markets may develop financial bubbles are also mounting. To help investors understand and avoid risks, Goldman Sachs&nbsp;has published a Global Strategy Paper which examines their characteristics and dangers, drawing the conclusion that current markets only present a few of the recurring features associated with bubbles. For example, there is no doubt that exceptionally-low interest rates can induce excessive risk-taking, but private sector finances are robust, thus reducing the chances of systemic risk in the absence of significant financial leverage, with the exception of government debts.</p>\n<p><b>Neither Bubbles Nor Bear Market In Sight:</b>&nbsp;According to Goldman Sachs, the initial phase of a recovery business cycle also suggests that the risk of impending bubbles, with their associated systemic risk, is relatively low. The investment company brings the example of&nbsp;<b>Amazon.com Inc.</b>&nbsp;and&nbsp;<b>Apple Inc.</b>&nbsp;stocks which, unlike in 2000, are not to be considered in bubble territory, since their respective fundamentals justify such high prices. The final verdict of the long and detailed analysis proposed by Goldman Sachs' \"guide to bubbles\" is that there are signs of complacency and high optimism in the market, but the key factors driving it and the cycle of economic recovery being just at the beginning seem to suggest that we are far from the explosion of a bubble. Moreover, as it can be evinced by the table below created by Goldman Sachs itself, bear market seems to be still in hibernation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/082fcbe3c0c000ea7aa6a5e22064dfc0\" tg-width=\"1002\" tg-height=\"258\"><span>Bubble characteristics and related risks</span></p>\n<p><b>Absence Of Any Significant Leverage</b>: Although Goldman admits the presence of pockets of&nbsp;overvaluations on the stock market, with some parts of it making adjustments consistent with the evolution of interest rates, there are no recurring features of bubbles, not even partial ones. Goldman particularly emphasizes the absence of any significant leverage - the only exception being the public sector, for it judges that the financial system stability risks are relatively low.</p>\n<p><b>High Prices May Be Justified:</b>Goldman's paper quotes Charles Mackay, who observed - already in 1841 - how human beings often \"think\" like a flock, but then do not necessarily behave as such when they finally menage to slowly grasp the meaning of things. Concerning the recent alarm triggered, by the Chinese regulator Guo Shuging, about bubbles swelling in the US and Europe, the analysis states that excessive prices of a single stock or applied to a limited part of the market do not necessarily indicate a systemic risk. Besides, not every swift price rise is related to a bubble, since it sometimes only signals a strong, genuine increase in value, justified by fundamentals.</p>\n<p><b>Psychological Contagion:</b>&nbsp;Psychology is a chief factor, as Robert Shiller pointed out in his book \"Irrational Exuberance\", published in 2000 and inspired by a famous quote from the then-Fed Chairman Alan Greenspan, who defined a bubble as the situation in which the news of rising prices provokes a contagion effect that spreads among investors, triggering a mechanism of envy for the success of others.</p>\n<p><b>A Handful Of Recurring Ingredients:</b>&nbsp;This sort of contagion has occurred several times over the centuries in human history - from the&nbsp;Dutch tulips of the 1600s&nbsp;to the bubbles of the South Seas and the Mississippi in Great Britain and France in the 1700s, not to mention the more recent Internet and subprime mortgage bubble, and passing through the \"railway\" bubble of last century in the United States. According to Goldman, the ultimate ingredients are few and never change: prices unanchored from reality, a justifying attitude, market concentration, widespread speculation, excess of leverage, the narration of being on the threshold of a new era and an end-of-cycle economic boom, all seasoned with scandals and behavior irregularities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果",".DJI":"道琼斯","AMZN":"亚马逊",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122990114","content_text":"According to the investment banking giant, the current stock market valuations are substantially correct.\nWith many stock markets reaching new highs, record issuances and a large number of deals in a row, fears that the markets may develop financial bubbles are also mounting. To help investors understand and avoid risks, Goldman Sachs has published a Global Strategy Paper which examines their characteristics and dangers, drawing the conclusion that current markets only present a few of the recurring features associated with bubbles. For example, there is no doubt that exceptionally-low interest rates can induce excessive risk-taking, but private sector finances are robust, thus reducing the chances of systemic risk in the absence of significant financial leverage, with the exception of government debts.\nNeither Bubbles Nor Bear Market In Sight: According to Goldman Sachs, the initial phase of a recovery business cycle also suggests that the risk of impending bubbles, with their associated systemic risk, is relatively low. The investment company brings the example of Amazon.com Inc. and Apple Inc. stocks which, unlike in 2000, are not to be considered in bubble territory, since their respective fundamentals justify such high prices. The final verdict of the long and detailed analysis proposed by Goldman Sachs' \"guide to bubbles\" is that there are signs of complacency and high optimism in the market, but the key factors driving it and the cycle of economic recovery being just at the beginning seem to suggest that we are far from the explosion of a bubble. Moreover, as it can be evinced by the table below created by Goldman Sachs itself, bear market seems to be still in hibernation.\nBubble characteristics and related risks\nAbsence Of Any Significant Leverage: Although Goldman admits the presence of pockets of overvaluations on the stock market, with some parts of it making adjustments consistent with the evolution of interest rates, there are no recurring features of bubbles, not even partial ones. Goldman particularly emphasizes the absence of any significant leverage - the only exception being the public sector, for it judges that the financial system stability risks are relatively low.\nHigh Prices May Be Justified:Goldman's paper quotes Charles Mackay, who observed - already in 1841 - how human beings often \"think\" like a flock, but then do not necessarily behave as such when they finally menage to slowly grasp the meaning of things. Concerning the recent alarm triggered, by the Chinese regulator Guo Shuging, about bubbles swelling in the US and Europe, the analysis states that excessive prices of a single stock or applied to a limited part of the market do not necessarily indicate a systemic risk. Besides, not every swift price rise is related to a bubble, since it sometimes only signals a strong, genuine increase in value, justified by fundamentals.\nPsychological Contagion: Psychology is a chief factor, as Robert Shiller pointed out in his book \"Irrational Exuberance\", published in 2000 and inspired by a famous quote from the then-Fed Chairman Alan Greenspan, who defined a bubble as the situation in which the news of rising prices provokes a contagion effect that spreads among investors, triggering a mechanism of envy for the success of others.\nA Handful Of Recurring Ingredients: This sort of contagion has occurred several times over the centuries in human history - from the Dutch tulips of the 1600s to the bubbles of the South Seas and the Mississippi in Great Britain and France in the 1700s, not to mention the more recent Internet and subprime mortgage bubble, and passing through the \"railway\" bubble of last century in the United States. According to Goldman, the ultimate ingredients are few and never change: prices unanchored from reality, a justifying attitude, market concentration, widespread speculation, excess of leverage, the narration of being on the threshold of a new era and an end-of-cycle economic boom, all seasoned with scandals and behavior irregularities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359564315,"gmtCreate":1616414330737,"gmtModify":1634525979979,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[你懂的]&nbsp;","listText":"[你懂的]&nbsp;","text":"[你懂的]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/359564315","repostId":"2121124227","repostType":4,"repost":{"id":"2121124227","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":1616406226,"share":"https://www.laohu8.com/m/news/2121124227?lang=&edition=full","pubTime":"2021-03-22 17:43","market":"us","language":"en","title":"Facebook disables 1.3 billion fake accounts in Oct-Dec last year","url":"https://stock-news.laohu8.com/highlight/detail?id=2121124227","media":"Reuters","summary":"March 22 (Reuters) - Facebook Inc said on Monday it took down 1.3 billion fake accounts between Octo","content":"<p>March 22 (Reuters) - Facebook Inc said on Monday it took down 1.3 billion fake accounts between October and December last year.</p>\n<p>The company also removed more than 12 million pieces of content about COVID-19 and vaccines that global health experts flagged as misinformation, it said in a blog post.</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>Facebook disables 1.3 billion fake accounts in Oct-Dec last year</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\">\nFacebook disables 1.3 billion fake accounts in Oct-Dec last year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-22 17:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>March 22 (Reuters) - Facebook Inc said on Monday it took down 1.3 billion fake accounts between October and December last year.</p>\n<p>The company also removed more than 12 million pieces of content about COVID-19 and vaccines that global health experts flagged as misinformation, it said in a blog post.</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":"2121124227","content_text":"March 22 (Reuters) - Facebook Inc said on Monday it took down 1.3 billion fake accounts between October and December last year.\nThe company also removed more than 12 million pieces of content about COVID-19 and vaccines that global health experts flagged as misinformation, it said in a blog post.","news_type":1},"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359953163,"gmtCreate":1616327956352,"gmtModify":1634526331219,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;is the time now?","listText":"[惊讶]&nbsp;is the time now?","text":"[惊讶] is the time now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359953163","repostId":"1103756496","repostType":4,"repost":{"id":"1103756496","pubTimestamp":1616163949,"share":"https://www.laohu8.com/m/news/1103756496?lang=&edition=full","pubTime":"2021-03-19 22:25","market":"us","language":"en","title":"Apple Stock Is Going Down, One Analyst Says. Here’s Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1103756496","media":"The Street","summary":"Recently, I laid out the arguments supporting Wall Street’s most bullish of theses on Apple stock. Some of the highlights included the doubling of services and wearables revenues in five years, the 5G super cycle, the greenfield Apple Car opportunity, and an acceleration in share repurchases.Now, I look at the flip side of the coin. How would one support the most bearish argument on Apple shares?At least one analyst has compiled a laundry list of items that makes him fear for a 35% drop in the s","content":"<p>Recently, I laid out the arguments supporting Wall Street’s most bullish of theses on Apple stock. Some of the highlights included the doubling of services and wearables revenues in five years, the 5G super cycle, the greenfield Apple Car opportunity, and an acceleration in share repurchases.</p>\n<p>Now, I look at the flip side of the coin. How would one support the most bearish argument on Apple shares? At least one analyst has compiled a laundry list of items that makes him fear for a 35% drop in the stock price from current levels.</p>\n<p><b>Apple might be too hyped</b></p>\n<p>Goldman Sach’s Rod Hall is one of those very rare Apple analysts that maintain a sell rating on the stock. While I have not come across research from him that is more recent thanlate January, most of his bearish points still seem relevant today.</p>\n<p>For starters, Goldman does not seem impressed with the near-term smartphone opportunity. According to the research shop, the iPhone 12 resembles a “redesign cycle” rather thana more meaningful “5G super cycle”. As a result, iPhone replacement rates should be low in 2021.</p>\n<p>Still on the same subject, Goldman projects ASP (average selling price) to come down this year, as buyers shift to cheaper models like the iPhone 12 mini and the iPhone 11. Here,recent data points have been suggesting the opposite: the mini seems to be the biggest loser within the product portfolio, while the Pro and Pro Max have been performing above expectations.</p>\n<p>Also, Mr. Hall does not seethe Apple Car opportunityas a profitable initiative.Accordingto him:</p>\n<blockquote>\n “The auto industry has generally lower gross margins than Apple's own current businesses. Tesla's gross margins are about 20%, compared to Apple's 40%. Operating margins are even lower, typically in the high single digits. Even in optimistic scenarios, the release of a production Apple Car is likely to have only a minor impact on Apple's bottom line.”\n</blockquote>\n<p>Lastly, the analyst believes that the end of the COVID-19 crisis will trigger a discretionary spending shift from tech devices (iPhones, Macs) to away-from-home services (travel and leisure). This could be a negative catalyst for the stock in 2021.</p>\n<p><b>The Apple Maven’s take</b></p>\n<p>In my opinion, the market is not the place to cheer for or against a stock. This is what sports arenas are for (after the pandemic is over, of course). So, I think that even the most confident of Apple investors should pay attention to the bearish case on the stock, and think through the arguments critically.</p>\n<p>I think Goldman raises good points about the hype around the 5G super cycle and the Apple Car. Whether either can push Apple’s financial results significantly above current consensus remains to be seen. Meanwhile, the stockseems to have already priced some of the upside.</p>\n<p>I also understand the risk in discretionary spending migrating away from tech hardware, software and services. Just as an example,air travel bookings for the summer seasonhave already started to climb fast. Where will the money to cover these costs come from? A brand-new iPad could be one answer.</p>\n<p>Still, the Apple Maven sees more upside to investing in Apple at current levels than downside risk. In addition to the bullish points on the business fundamentals,the valuation floor and dip-buying opportunityincreases the probability that an investment in Apple today will pay off in the long term.</p>\n<p><b>Twitter speaks</b></p>\n<p>The most bullish analysts say that Apple could head to $225 per share, under the rosiest scenario. The most bearish of them says “not so fast”, and sees 35% downside risk. Who will be proven right?</p>\n<p><img src=\"https://static.tigerbbs.com/416292f8a70685b7612b592d29c72df6\" tg-width=\"589\" tg-height=\"454\"><img src=\"https://static.tigerbbs.com/4e715d243108042b76de007cc2748aed\" tg-width=\"678\" tg-height=\"520\"></p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Is Going Down, One Analyst Says. Here’s Why</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Is Going Down, One Analyst Says. Here’s Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 22:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/news/apple-stock-is-going-down-one-analyst-says-heres-why><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Recently, I laid out the arguments supporting Wall Street’s most bullish of theses on Apple stock. Some of the highlights included the doubling of services and wearables revenues in five years, the 5G...</p>\n\n<a href=\"https://www.thestreet.com/apple/news/apple-stock-is-going-down-one-analyst-says-heres-why\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/news/apple-stock-is-going-down-one-analyst-says-heres-why","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103756496","content_text":"Recently, I laid out the arguments supporting Wall Street’s most bullish of theses on Apple stock. Some of the highlights included the doubling of services and wearables revenues in five years, the 5G super cycle, the greenfield Apple Car opportunity, and an acceleration in share repurchases.\nNow, I look at the flip side of the coin. How would one support the most bearish argument on Apple shares? At least one analyst has compiled a laundry list of items that makes him fear for a 35% drop in the stock price from current levels.\nApple might be too hyped\nGoldman Sach’s Rod Hall is one of those very rare Apple analysts that maintain a sell rating on the stock. While I have not come across research from him that is more recent thanlate January, most of his bearish points still seem relevant today.\nFor starters, Goldman does not seem impressed with the near-term smartphone opportunity. According to the research shop, the iPhone 12 resembles a “redesign cycle” rather thana more meaningful “5G super cycle”. As a result, iPhone replacement rates should be low in 2021.\nStill on the same subject, Goldman projects ASP (average selling price) to come down this year, as buyers shift to cheaper models like the iPhone 12 mini and the iPhone 11. Here,recent data points have been suggesting the opposite: the mini seems to be the biggest loser within the product portfolio, while the Pro and Pro Max have been performing above expectations.\nAlso, Mr. Hall does not seethe Apple Car opportunityas a profitable initiative.Accordingto him:\n\n “The auto industry has generally lower gross margins than Apple's own current businesses. Tesla's gross margins are about 20%, compared to Apple's 40%. Operating margins are even lower, typically in the high single digits. Even in optimistic scenarios, the release of a production Apple Car is likely to have only a minor impact on Apple's bottom line.”\n\nLastly, the analyst believes that the end of the COVID-19 crisis will trigger a discretionary spending shift from tech devices (iPhones, Macs) to away-from-home services (travel and leisure). This could be a negative catalyst for the stock in 2021.\nThe Apple Maven’s take\nIn my opinion, the market is not the place to cheer for or against a stock. This is what sports arenas are for (after the pandemic is over, of course). So, I think that even the most confident of Apple investors should pay attention to the bearish case on the stock, and think through the arguments critically.\nI think Goldman raises good points about the hype around the 5G super cycle and the Apple Car. Whether either can push Apple’s financial results significantly above current consensus remains to be seen. Meanwhile, the stockseems to have already priced some of the upside.\nI also understand the risk in discretionary spending migrating away from tech hardware, software and services. Just as an example,air travel bookings for the summer seasonhave already started to climb fast. Where will the money to cover these costs come from? A brand-new iPad could be one answer.\nStill, the Apple Maven sees more upside to investing in Apple at current levels than downside risk. In addition to the bullish points on the business fundamentals,the valuation floor and dip-buying opportunityincreases the probability that an investment in Apple today will pay off in the long term.\nTwitter speaks\nThe most bullish analysts say that Apple could head to $225 per share, under the rosiest scenario. The most bearish of them says “not so fast”, and sees 35% downside risk. Who will be proven right?","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":350303159,"gmtCreate":1616156902271,"gmtModify":1634526964856,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350303159","repostId":"1143733672","repostType":4,"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":327051088,"gmtCreate":1616041954844,"gmtModify":1703496780411,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/327051088","repostId":"2120131364","repostType":2,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324183582,"gmtCreate":1615974425246,"gmtModify":1703495737672,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[捂脸]&nbsp;","listText":"[捂脸]&nbsp;","text":"[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324183582","repostId":"1176435771","repostType":4,"repost":{"id":"1176435771","pubTimestamp":1615973979,"share":"https://www.laohu8.com/m/news/1176435771?lang=&edition=full","pubTime":"2021-03-17 17:39","market":"us","language":"en","title":"The Financial Crisis the World Forgot","url":"https://stock-news.laohu8.com/highlight/detail?id=1176435771","media":"NewYork Times","summary":"The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to f","content":"<blockquote>\n The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?\n</blockquote>\n<p>By the middle of March 2020 a sense of anxiety pervaded the Federal Reserve. The fast-unfolding coronavirus pandemic was rippling through global markets in dangerous ways.</p>\n<p>Trading in Treasurys — the government securities that are considered among the safest assets in the world, and the bedrock of the entire bond market — had become disjointed as panicked investors tried to sell everything they owned to raise cash. Buyers were scarce. The Treasury market had never broken down so badly, even in the depths of the 2008 financial crisis.</p>\n<p>The Fed called an emergency meeting on March 15, a Sunday. Lorie Logan, who oversees the Federal Reserve Bank of New York’s asset portfolio, summarized the brewing crisis. She and her colleagues dialed into a conference from the fortresslike New York Fed headquarters, unable to travel to Washington given the meeting’s impromptu nature and the spreading virus. Regional bank presidents assembled across America stared back from the monitor. Washington-based governors were arrayed in a socially distanced ring around the Fed Board’s mahogany table.</p>\n<p>Ms. Logan delivered a blunt assessment: While the Fed had been buying government-backed bonds the week before to soothe the volatile Treasury market, market contacts said it hadn’t been enough. To fix things, the Fed mightneed to buy much more. And fast.</p>\n<p>Fed officials are an argumentative bunch, and they fiercely debated the other issue before them that day, whether to cut interest rates to near-zero.</p>\n<p>But, in a testament to the gravity of the breakdown in the government bond market, there was no dissent about whether the central bank needed to stem what was happening by stepping in as a buyer. That afternoon, the Fedannounced an enormous purchase program, promising to make $500 billion in government bond purchases and to buy $200 billion in mortgage-backed debt.</p>\n<p>It wasn’t the central bank’s first effort to stop the unfolding disaster, nor would it be the last. But it was a clear signal that the 2020 meltdown echoed the 2008 crisis in seriousness and complexity. Where the housing crisis and ensuing crash took years to unfold, the coronavirus panic had struck in weeks.</p>\n<p>As March wore on, each hour incubating a new calamity, policymakers were forced tocross boundaries, break precedentsand make new uses of the U.S. government’s vast powers to save domestic markets, keep cash flowing abroad and prevent a full-blown financial crisis from compounding a public health tragedy.</p>\n<p>The rescue worked, so it is easy to forget the peril America’s investors and businesses faced a year ago. But the systemwide weaknesses that were exposed last March remain, and are now under the microscope of Washington policymakers.</p>\n<p><b>How It Started</b></p>\n<p>Financial markets began to wobble on Feb. 21, 2020, when Italian authorities announced localized lockdowns.</p>\n<p>At first, the sell-off in risky investments was normal — a rational “flight to safety” while the global economic outlook was rapidly darkening. Stocks plummeted, demand for many corporate bonds disappeared, and people poured into super-secure investments, like U.S. Treasury bonds.</p>\n<p>On March 3, as market jitters intensified, the Fedcut interest ratesto about 1 percent — its first emergency move since the 2008 financial crisis. Some analysts chidedthe Fed for overreacting, and others asked an obvious question: What could the Fed realistically do in the face of a public health threat?</p>\n<p>“We do recognize that a rate cut will not reduce the rate of infection, it won’t fix a broken supply chain,” Chair Jerome H. Powell said at a news conference, explaining that the Fed was doing what it could to keep credit cheap and available.</p>\n<p>But the health disaster was quickly metastasizing into a market crisis.</p>\n<p>Lockdowns in Italy deepened during the second week of March, and oil prices plummeted as a price war raged, sending tremors across stock, currency and commodity markets. Then, something weird started to happen: Instead of snapping up Treasury bonds, arguably the world’s safest investment, investors began trying to sell them.</p>\n<p>The yield on 10-year Treasury debt — which usually drops when investors seek safe harbor — started to rise on March 10, suggesting investors didn’t want safe assets. They wanted cold, hard cash, and they were trying to sell anything and everything to get it.</p>\n<p><b>How It Worsened</b></p>\n<p>Religion works through churches. Democracy through congresses and parliaments. Capitalism is an idea made real through a series of relationships between debtors and creditors, risk and reward. And by last March 11, those equations were no longer adding up.</p>\n<p>That was the day the World Health Organizationofficially declaredthe virus outbreak a pandemic, and the morning on which it was becoming clear that a sell-off had spiraled into a panic.</p>\n<p>The Fed began to roll out measure after measure in a bid to soothe conditions, first offeringhuge temporary infusions of cashto banks, thenaccelerating plansto buy Treasury bonds as that market swung out of whack.</p>\n<p>But by Friday, March 13, government bond markets were just one of many problems.</p>\n<p>Investors had been pulling their cash from prime money market mutual funds, where they park it to earn a slightly higher return, for days. But those outflows began to accelerate, prompting the funds themselves to pull back sharply from short-term corporate debt markets as they raced to return money to investors. Banks that serve as market conduits were less willing than usual to buy and hold new securities, even just temporarily. That made it harder to sell everything, be it a company bond or Treasury debt.</p>\n<p>The Fed’s announcement after its March 15 emergency meeting — that it would slash rates and buy bonds in the most critical markets — was an attempt to get things under control.</p>\n<p>But Mr. Powell worried that the fix would fall short as short- and long-term debt of all kinds became hard to sell. He approached Andreas Lehnert, director of the Fed’s financial stability division, in the Washington boardroom after the meeting and asked him to prepare emergency lending programs, which the central bank had used in 2008 to serve as a support system to unraveling markets.</p>\n<p>Mr. Lehnert went straight to a musty office, where he communicated with Fed technicians, economists and lawyers via instant messenger and video chats — in-person meetings were already restricted — and worked late into the night to get the paperwork ready.</p>\n<p>Starting that Tuesday morning, after another day of market carnage, the central bank began to unveil the steady drip of rescue programs Mr. Lehnert and his colleagues had been working on: one to buy upshort-term corporate debtand another to keep funding flowing to key banks. Shortlybefore midnighton Wednesday, March 18, the Fed announced a program to rescue embattled money market funds by offering to effectively take hard-to-sell securities off their hands.</p>\n<p>But by the end of that week, everything was a mess.Foreign central banks and corporations were offloading U.S. debt, partly to raise dollars companies needed to pay interest and other bills; hedge funds werenixing a highly leveraged tradethat had broken down as the market went haywire, dumping Treasurys into the choked market.Corporate bondandcommercial real estate debt marketslooked dicey as companies faced credit rating downgrades and as hotels and malls saw business prospects tank.</p>\n<p>The world’s most powerful central bank was throwing solutions at the markets as rapidly as it could, and it wasn’t enough.</p>\n<p><b>How They Fixed It</b></p>\n<p>The next weekend, March 21 and 22, was a frenzy. Officials dialed into calls from home, completing still-secret program outlines and negotiating with Treasury Secretary Steven Mnuchin’s team to establish a layer of insurance to protect the efforts against credit losses. After a tormented 48-hour hustle, the Fed sent out a mammoth news release on Monday morning.</p>\n<p>Headlineshit newswiresat 8 a.m., well before American markets opened. The Fed promised tobuy an unlimited amountof Treasury debt and to purchase commercial mortgage-backed securities — efforts to save the most central markets.</p>\n<p>The announcement also pushed the central bank into uncharted territory. The Fed was established in 1913 toserve as a lender of last resortto troubled banks. On March 23, it pledged to funnel help far beyond that financial core. The Fed said it would buy corporate debt and help to get loans to midsize businesses for the first time ever.</p>\n<p>It finally worked. The dash for cash turned around starting that day.</p>\n<p>The March 23 efforts took an approach that Mr. Lehnert referred to internally as “covering the waterfront.” Fed economists had discerned which capital marketswere tied to huge numbers of jobsand made sure that every one of them had a Fed support program.</p>\n<p>On April 9, officials put final pieces of the strategy into play. Backed by a huge pot of insurance money from a rescue package just passed by Congress — lawmakers had handed the Treasury up to$454 billion— they announced that they would expand already-announced efforts and set up another to help funnel credit to states and big cities.</p>\n<p>The Fed’s 2008 rescue effort had been widely criticized as a bank bailout. The 2020 redux was to rescue everything.</p>\n<p>The Fed, along with the Treasury, most likely saved the nation from a crippling financial crisis that would have made it harder for businesses to survive, rebound and rehire, intensifying the economic damage the coronavirus went on to inflict. Many of the programs have since ended or are scheduled to do so, and markets are functioning fine.</p>\n<p>But there’s no guarantee that the calm will prove permanent.</p>\n<p>“The financial system remains vulnerable” to a repeat of last March’s sweeping disaster as “the underlying structures and mechanisms that gave rise to the turmoil are still in place,” the Financial Stability Board, a global oversight body, wrote in a meltdownpost-mortem.</p>\n<p><b>What Comes Next</b></p>\n<p>The question policymakers and lawmakers are now grappling with is how to fix those vulnerabilities, which could portend problems for the Treasury market and money market funds if investors get seriously spooked again.</p>\n<p>The Fed’s rescue ramps up the urgency to safeguard the system. Central bankers set a precedent by saving previously untouched markets, raising the possibility that investors will take risks, assuming the central bank will always step in if things get bad enough.</p>\n<p>There’s some bipartisan appetite for reform: Trump-era regulators began a review of money markets, and Treasury Secretary Janet L. Yellen has said she will focus on financial oversight. But change won’t be easy. Protests in the street helped to galvanize financial reform after 2008. There is little popular outrage over the March 2020 meltdown, both because it was set off by a health crisis — not bad banker behavior — and because it was resolved quickly.</p>\n<p>Industry playersare already mobilizing a lobbying effort, and they may find allies in resisting regulation, including among lawmakers.</p>\n<p>“I would point out that money market funds have been remarkably stable and successful,” Senator Patrick J. Toomey, Republican of Pennsylvania, said during aJan. 19 hearing.</p>","source":"lsy1605590967916","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Financial Crisis the World Forgot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Financial Crisis the World Forgot\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nytimes.com/2021/03/16/business/economy/fed-2020-financial-crisis-covid.html><strong>NewYork Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?\n\nBy the middle of March 2020 a sense of anxiety pervaded the ...</p>\n\n<a href=\"https://www.nytimes.com/2021/03/16/business/economy/fed-2020-financial-crisis-covid.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.nytimes.com/2021/03/16/business/economy/fed-2020-financial-crisis-covid.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176435771","content_text":"The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?\n\nBy the middle of March 2020 a sense of anxiety pervaded the Federal Reserve. The fast-unfolding coronavirus pandemic was rippling through global markets in dangerous ways.\nTrading in Treasurys — the government securities that are considered among the safest assets in the world, and the bedrock of the entire bond market — had become disjointed as panicked investors tried to sell everything they owned to raise cash. Buyers were scarce. The Treasury market had never broken down so badly, even in the depths of the 2008 financial crisis.\nThe Fed called an emergency meeting on March 15, a Sunday. Lorie Logan, who oversees the Federal Reserve Bank of New York’s asset portfolio, summarized the brewing crisis. She and her colleagues dialed into a conference from the fortresslike New York Fed headquarters, unable to travel to Washington given the meeting’s impromptu nature and the spreading virus. Regional bank presidents assembled across America stared back from the monitor. Washington-based governors were arrayed in a socially distanced ring around the Fed Board’s mahogany table.\nMs. Logan delivered a blunt assessment: While the Fed had been buying government-backed bonds the week before to soothe the volatile Treasury market, market contacts said it hadn’t been enough. To fix things, the Fed mightneed to buy much more. And fast.\nFed officials are an argumentative bunch, and they fiercely debated the other issue before them that day, whether to cut interest rates to near-zero.\nBut, in a testament to the gravity of the breakdown in the government bond market, there was no dissent about whether the central bank needed to stem what was happening by stepping in as a buyer. That afternoon, the Fedannounced an enormous purchase program, promising to make $500 billion in government bond purchases and to buy $200 billion in mortgage-backed debt.\nIt wasn’t the central bank’s first effort to stop the unfolding disaster, nor would it be the last. But it was a clear signal that the 2020 meltdown echoed the 2008 crisis in seriousness and complexity. Where the housing crisis and ensuing crash took years to unfold, the coronavirus panic had struck in weeks.\nAs March wore on, each hour incubating a new calamity, policymakers were forced tocross boundaries, break precedentsand make new uses of the U.S. government’s vast powers to save domestic markets, keep cash flowing abroad and prevent a full-blown financial crisis from compounding a public health tragedy.\nThe rescue worked, so it is easy to forget the peril America’s investors and businesses faced a year ago. But the systemwide weaknesses that were exposed last March remain, and are now under the microscope of Washington policymakers.\nHow It Started\nFinancial markets began to wobble on Feb. 21, 2020, when Italian authorities announced localized lockdowns.\nAt first, the sell-off in risky investments was normal — a rational “flight to safety” while the global economic outlook was rapidly darkening. Stocks plummeted, demand for many corporate bonds disappeared, and people poured into super-secure investments, like U.S. Treasury bonds.\nOn March 3, as market jitters intensified, the Fedcut interest ratesto about 1 percent — its first emergency move since the 2008 financial crisis. Some analysts chidedthe Fed for overreacting, and others asked an obvious question: What could the Fed realistically do in the face of a public health threat?\n“We do recognize that a rate cut will not reduce the rate of infection, it won’t fix a broken supply chain,” Chair Jerome H. Powell said at a news conference, explaining that the Fed was doing what it could to keep credit cheap and available.\nBut the health disaster was quickly metastasizing into a market crisis.\nLockdowns in Italy deepened during the second week of March, and oil prices plummeted as a price war raged, sending tremors across stock, currency and commodity markets. Then, something weird started to happen: Instead of snapping up Treasury bonds, arguably the world’s safest investment, investors began trying to sell them.\nThe yield on 10-year Treasury debt — which usually drops when investors seek safe harbor — started to rise on March 10, suggesting investors didn’t want safe assets. They wanted cold, hard cash, and they were trying to sell anything and everything to get it.\nHow It Worsened\nReligion works through churches. Democracy through congresses and parliaments. Capitalism is an idea made real through a series of relationships between debtors and creditors, risk and reward. And by last March 11, those equations were no longer adding up.\nThat was the day the World Health Organizationofficially declaredthe virus outbreak a pandemic, and the morning on which it was becoming clear that a sell-off had spiraled into a panic.\nThe Fed began to roll out measure after measure in a bid to soothe conditions, first offeringhuge temporary infusions of cashto banks, thenaccelerating plansto buy Treasury bonds as that market swung out of whack.\nBut by Friday, March 13, government bond markets were just one of many problems.\nInvestors had been pulling their cash from prime money market mutual funds, where they park it to earn a slightly higher return, for days. But those outflows began to accelerate, prompting the funds themselves to pull back sharply from short-term corporate debt markets as they raced to return money to investors. Banks that serve as market conduits were less willing than usual to buy and hold new securities, even just temporarily. That made it harder to sell everything, be it a company bond or Treasury debt.\nThe Fed’s announcement after its March 15 emergency meeting — that it would slash rates and buy bonds in the most critical markets — was an attempt to get things under control.\nBut Mr. Powell worried that the fix would fall short as short- and long-term debt of all kinds became hard to sell. He approached Andreas Lehnert, director of the Fed’s financial stability division, in the Washington boardroom after the meeting and asked him to prepare emergency lending programs, which the central bank had used in 2008 to serve as a support system to unraveling markets.\nMr. Lehnert went straight to a musty office, where he communicated with Fed technicians, economists and lawyers via instant messenger and video chats — in-person meetings were already restricted — and worked late into the night to get the paperwork ready.\nStarting that Tuesday morning, after another day of market carnage, the central bank began to unveil the steady drip of rescue programs Mr. Lehnert and his colleagues had been working on: one to buy upshort-term corporate debtand another to keep funding flowing to key banks. Shortlybefore midnighton Wednesday, March 18, the Fed announced a program to rescue embattled money market funds by offering to effectively take hard-to-sell securities off their hands.\nBut by the end of that week, everything was a mess.Foreign central banks and corporations were offloading U.S. debt, partly to raise dollars companies needed to pay interest and other bills; hedge funds werenixing a highly leveraged tradethat had broken down as the market went haywire, dumping Treasurys into the choked market.Corporate bondandcommercial real estate debt marketslooked dicey as companies faced credit rating downgrades and as hotels and malls saw business prospects tank.\nThe world’s most powerful central bank was throwing solutions at the markets as rapidly as it could, and it wasn’t enough.\nHow They Fixed It\nThe next weekend, March 21 and 22, was a frenzy. Officials dialed into calls from home, completing still-secret program outlines and negotiating with Treasury Secretary Steven Mnuchin’s team to establish a layer of insurance to protect the efforts against credit losses. After a tormented 48-hour hustle, the Fed sent out a mammoth news release on Monday morning.\nHeadlineshit newswiresat 8 a.m., well before American markets opened. The Fed promised tobuy an unlimited amountof Treasury debt and to purchase commercial mortgage-backed securities — efforts to save the most central markets.\nThe announcement also pushed the central bank into uncharted territory. The Fed was established in 1913 toserve as a lender of last resortto troubled banks. On March 23, it pledged to funnel help far beyond that financial core. The Fed said it would buy corporate debt and help to get loans to midsize businesses for the first time ever.\nIt finally worked. The dash for cash turned around starting that day.\nThe March 23 efforts took an approach that Mr. Lehnert referred to internally as “covering the waterfront.” Fed economists had discerned which capital marketswere tied to huge numbers of jobsand made sure that every one of them had a Fed support program.\nOn April 9, officials put final pieces of the strategy into play. Backed by a huge pot of insurance money from a rescue package just passed by Congress — lawmakers had handed the Treasury up to$454 billion— they announced that they would expand already-announced efforts and set up another to help funnel credit to states and big cities.\nThe Fed’s 2008 rescue effort had been widely criticized as a bank bailout. The 2020 redux was to rescue everything.\nThe Fed, along with the Treasury, most likely saved the nation from a crippling financial crisis that would have made it harder for businesses to survive, rebound and rehire, intensifying the economic damage the coronavirus went on to inflict. Many of the programs have since ended or are scheduled to do so, and markets are functioning fine.\nBut there’s no guarantee that the calm will prove permanent.\n“The financial system remains vulnerable” to a repeat of last March’s sweeping disaster as “the underlying structures and mechanisms that gave rise to the turmoil are still in place,” the Financial Stability Board, a global oversight body, wrote in a meltdownpost-mortem.\nWhat Comes Next\nThe question policymakers and lawmakers are now grappling with is how to fix those vulnerabilities, which could portend problems for the Treasury market and money market funds if investors get seriously spooked again.\nThe Fed’s rescue ramps up the urgency to safeguard the system. Central bankers set a precedent by saving previously untouched markets, raising the possibility that investors will take risks, assuming the central bank will always step in if things get bad enough.\nThere’s some bipartisan appetite for reform: Trump-era regulators began a review of money markets, and Treasury Secretary Janet L. Yellen has said she will focus on financial oversight. But change won’t be easy. Protests in the street helped to galvanize financial reform after 2008. There is little popular outrage over the March 2020 meltdown, both because it was set off by a health crisis — not bad banker behavior — and because it was resolved quickly.\nIndustry playersare already mobilizing a lobbying effort, and they may find allies in resisting regulation, including among lawmakers.\n“I would point out that money market funds have been remarkably stable and successful,” Senator Patrick J. Toomey, Republican of Pennsylvania, said during aJan. 19 hearing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":322874214,"gmtCreate":1615799231438,"gmtModify":1703493112829,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322874214","repostId":"1147986042","repostType":4,"repost":{"id":"1147986042","pubTimestamp":1615796815,"share":"https://www.laohu8.com/m/news/1147986042?lang=&edition=full","pubTime":"2021-03-15 16:26","market":"us","language":"en","title":"Nio Stock Looks as if It Is Going to Stay Volatile for a While","url":"https://stock-news.laohu8.com/highlight/detail?id=1147986042","media":"InvestorPlace","summary":"The warning lights are still flashing on Nio stockNio (NYSE:NIO) stock has been decelerating lately.","content":"<p>The warning lights are still flashing on Nio stock</p><p><b>Nio</b>&nbsp;(NYSE:<b><u>NIO</u></b>) stock has been decelerating lately. Since early February, the shares have plunged from $60 to $45 — putting the market capitalization at $72 billion.&nbsp;Of course, NIO stock is still well above its low for the past 52 weeks, which was a mere $2 per share.</p><p>The fact is that this Chinese electric car operator has been able to pull off a stellar turnaround.&nbsp; Another catalyst has been the rebound in the economy.</p><p>Yet the EV (Electric Vehicle) sector is going through a re-assessment from Wall Street. Of course, there has been tremendous selling pressure on other companies like&nbsp;<b>Tesla</b>&nbsp;(NASDAQ:<b><u>TSLA</u></b>),<b>Xpeng</b>&nbsp;(NYSE:<b><u>XPEV</u></b>) and&nbsp;<b>Li Auto</b>&nbsp;(NASDAQ:<b><u>LI</u></b>).</p><p>OK then, what’s next? Could this be a buying opportunity? Or should investors hold off on NIO stock for now?</p><p>Here’s a look:</p><p><b>The Fundamentals and NIO Stock</b></p><p>Nio certainly had a robust fourth quarter. Revenues soared by 148% to $1.02 billion and the net loss was 14 cents a share, compared to a loss of 39 cents a share in the same period a year ago. The gross margin swung from -8.9% to 17.2%.</p><p>In terms of the balance sheet, it got stronger as well. The cash balance went from&nbsp;$3.3 billion to $6.5 billion on a sequential basis. The company was smart to raise some capital when NIO stock was surging.</p><p>But of course, expectations were extremely positive going into the earnings report. Thus, it really should not be any surprise that there was disappointment on Wall Street.</p><p><b>The Issues</b></p><p>Now there was something in the report that was a red flag – that is, the deliveries for January came in over 7,200. This was below the 7,400 needed to hit its quarterly objectives.</p><p>One reason for this could be the Lunar New Year holiday, in which a large part of the China essentially shuts down. But there may be another factor at work:&nbsp; the global shortage of semiconductors.</p><p>“The&nbsp;chip shortage&nbsp;which has impacted the overall global auto industry, as well as Tesla’s recent price cuts, have dented some positive market dynamics for NIO …although we believe this will be short-lived,” said Wedbush analyst Dan Ives.</p><p>But how long? It’s far from clear. But there are indications it could last throughout the year. And since Nio relies on third-party manufacturing, this could put the company at more risk.</p><p>Despite all this, Ives is still bullish on Nio stock as are a myriad of other Wall Street analysts. According to&nbsp;Tipranks.com, the average price target is $68, which assumes 79% upside from current levels.</p><p><b>Bottom Line on Nio Stock</b></p><p>The past year has definitely been an inflection point for Nio. The company was able to deal with its quality problems and ramp production.</p><p>Nio was also able to introduce some innovations. For example,&nbsp;in early January the company launched its ET7 vehicle, which is a sedan. It has a sleek design, strong performance and full-stack autonomous driving systems. And yes, the reception has been particularly strong.</p><p>The company has also been innovative with its business model. To this end, it sells its batteries on a subscription basis, which should provide a nice recurring revenue stream. The same will go for its AI systems.</p><p>However, in terms of NIO stock, I actually still think there should be caution. Even with the drop-off, the valuation is far from cheap. Consider that Nio stock is trading at roughly 20 times revenues. This is steep for a capital-intensive company.</p><p>For the most part, it seems a better approach is to be patient on this one, such as until there is more stability in the stock price.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock Looks as if It Is Going to Stay Volatile for a While</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Stock Looks as if It Is Going to Stay Volatile for a While\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 16:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nio-stock-volatile-for-a-while/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The warning lights are still flashing on Nio stockNio (NYSE:NIO) stock has been decelerating lately. Since early February, the shares have plunged from $60 to $45 — putting the market capitalization ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nio-stock-volatile-for-a-while/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://investorplace.com/2021/03/nio-stock-volatile-for-a-while/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147986042","content_text":"The warning lights are still flashing on Nio stockNio (NYSE:NIO) stock has been decelerating lately. Since early February, the shares have plunged from $60 to $45 — putting the market capitalization at $72 billion. Of course, NIO stock is still well above its low for the past 52 weeks, which was a mere $2 per share.The fact is that this Chinese electric car operator has been able to pull off a stellar turnaround.  Another catalyst has been the rebound in the economy.Yet the EV (Electric Vehicle) sector is going through a re-assessment from Wall Street. Of course, there has been tremendous selling pressure on other companies like Tesla (NASDAQ:TSLA),Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI).OK then, what’s next? Could this be a buying opportunity? Or should investors hold off on NIO stock for now?Here’s a look:The Fundamentals and NIO StockNio certainly had a robust fourth quarter. Revenues soared by 148% to $1.02 billion and the net loss was 14 cents a share, compared to a loss of 39 cents a share in the same period a year ago. The gross margin swung from -8.9% to 17.2%.In terms of the balance sheet, it got stronger as well. The cash balance went from $3.3 billion to $6.5 billion on a sequential basis. The company was smart to raise some capital when NIO stock was surging.But of course, expectations were extremely positive going into the earnings report. Thus, it really should not be any surprise that there was disappointment on Wall Street.The IssuesNow there was something in the report that was a red flag – that is, the deliveries for January came in over 7,200. This was below the 7,400 needed to hit its quarterly objectives.One reason for this could be the Lunar New Year holiday, in which a large part of the China essentially shuts down. But there may be another factor at work:  the global shortage of semiconductors.“The chip shortage which has impacted the overall global auto industry, as well as Tesla’s recent price cuts, have dented some positive market dynamics for NIO …although we believe this will be short-lived,” said Wedbush analyst Dan Ives.But how long? It’s far from clear. But there are indications it could last throughout the year. And since Nio relies on third-party manufacturing, this could put the company at more risk.Despite all this, Ives is still bullish on Nio stock as are a myriad of other Wall Street analysts. According to Tipranks.com, the average price target is $68, which assumes 79% upside from current levels.Bottom Line on Nio StockThe past year has definitely been an inflection point for Nio. The company was able to deal with its quality problems and ramp production.Nio was also able to introduce some innovations. For example, in early January the company launched its ET7 vehicle, which is a sedan. It has a sleek design, strong performance and full-stack autonomous driving systems. And yes, the reception has been particularly strong.The company has also been innovative with its business model. To this end, it sells its batteries on a subscription basis, which should provide a nice recurring revenue stream. The same will go for its AI systems.However, in terms of NIO stock, I actually still think there should be caution. Even with the drop-off, the valuation is far from cheap. Consider that Nio stock is trading at roughly 20 times revenues. This is steep for a capital-intensive company.For the most part, it seems a better approach is to be patient on this one, such as until there is more stability in the stock price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328740931,"gmtCreate":1615561445323,"gmtModify":1703490988146,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Dun panic.. dun worry.. [贱笑]&nbsp;[财迷]&nbsp;","listText":"Dun panic.. dun worry.. [贱笑]&nbsp;[财迷]&nbsp;","text":"Dun panic.. dun worry.. [贱笑] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/328740931","repostId":"2118954048","repostType":4,"repost":{"id":"2118954048","pubTimestamp":1615548116,"share":"https://www.laohu8.com/m/news/2118954048?lang=&edition=full","pubTime":"2021-03-12 19:21","market":"us","language":"en","title":"3 Reasons Not to Worry About a Stock Market Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=2118954048","media":"Motley Fool","summary":"If you're prepared for stock market crashes, you may actually rejoice when they happen.","content":"<p>If you're prepared for stock market crashes, you may actually rejoice when they happen.</p>\n<p>One day, you may be enjoying an ordinary morning when you check your portfolio and find that many of your holdings are down 5% or more. Yikes! If many holdings are down sharply, there probably isn't much specific terrible news about any particular holding -- instead, it's probably that the whole market, as measured by the Dow Jones Industrial Index or the S&amp;P 500, has dropped sharply.</p>\n<p>The more the market drops, the more many investors panic and sell stocks they own. That can send stocks down even more, fueling further selling. It's generally best to not follow the crowd and not worry. Here are three reasons why.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b41c06213a97009af9123ba237d6cd5\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p><b>1. Stock market crashes often don't last too long</b></p>\n<p>Every stock market investor needs to understand that the stock market is volatile, and \"corrections\" (drops of 10% to 20%) and \"crashes\" (drops of 20% or more) will happen -- and not infrequently. The good news is that while these corrections and crashes can sometimes be sharp and severe, they often don't last that long.</p>\n<p>A study by Charles Schwab noted that between 2000 and 2019, the stock market dropped at least 10% in 11 of those 20 years (that's more than half of the years!), with an average drop of 15%. (In two other years, the market dropped almost 10%.) That all sounds bad, right? But in fully 15 of those 20 years, the market ended up with a year-end gain, <a href=\"https://laohu8.com/S/AONE\">one</a> that averaged 6%. Corrections typically last only about six months.</p>\n<p><b>2. Stock market crashes can be great buying opportunities</b></p>\n<p>The next reason not to be upset at a stock market crash is that it's likely to present some great buying opportunities. As my colleague Brian Feroldi recently tweeted:</p>\n<blockquote>\n My investing mindset:Stocks Down: \n</blockquote>\n<blockquote>\n Hooray! I can buy my favorite stocks cheaper!\n</blockquote>\n<blockquote>\n Stocks Up: Hooray! My net worth went up!\n</blockquote>\n<p>The Nasdaq experienced a correction of about 12% recently, falling from 14,153 on Feb. 16 to 12,422 on March 5. If you were paying attention and not panicking, you might have been able to pick up some shares of companies you'd been wanting to buy. Check out how much certain stocks dropped over that period:</p>\n<table>\n <thead>\n  <tr>\n   <th><p><b>Stock</b></p></th>\n   <th><p><b>Price Drop</b></p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p><b>Lemonade</b></p></td>\n   <td><p>(41%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Teladoc</b></p></td>\n   <td><p>(35%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b><a href=\"https://laohu8.com/S/Z\">Zillow</a></b></p></td>\n   <td><p>(32%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Redfin</b></p></td>\n   <td><p>(25%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Tesla</b></p></td>\n   <td><p>(25%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>The Trade Desk</b></p></td>\n   <td><p>(25%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications</b></p></td>\n   <td><p>(24%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Shopify</b></p></td>\n   <td><p>(23%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>DocuSign</b></p></td>\n   <td><p>(23%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Square</b></p></td>\n   <td><p>(22%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Apple</b></p></td>\n   <td><p>(9%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Amazon.com</b></p></td>\n   <td><p>(8%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Netflix</b></p></td>\n   <td><p>(7%)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Yahoo! Financial, with prices from Feb. 16 and March 5, 2021.</p>\n<p>Many of these stocks have since recovered much of the ground they lost in that period, making it clear that some corrections really don't last very long and that swift action can be required if you want to take advantage of them. If you do pounce early and nab some desired stocks, understand that they may still fall further for a while and that it<i>could</i>take some years before they're back in the black for you. There are few guarantees in the stock market, and patience comes in handy.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1c239906e64ac38efa13a0577e2f357\" tg-width=\"700\" tg-height=\"499\"><span>Image source: Getty Images.</span></p>\n<p><b>3. Stock market crashes are OK if you're prepared</b></p>\n<p>Finally, the last reason not to worry too much about a stock market crash is that you're prepared for it. You may not be right now, but you can take steps to ensure that you're prepared for a future market retraction.</p>\n<p>The most important way to protect yourself from market crashes is to not invest any money you'll need in the next five or so years -- or even 10 if you want to be extra conservative. The market can swoon at any time, and you don't want it to take a third of an upcoming down payment with it.</p>\n<p>Another smart thing to do is to have a watch list of stocks you'd love to own. I have <a href=\"https://laohu8.com/S/AONE.U\">one</a>, in the form of an online portfolio, and I enter stocks in it at the price they're trading on the day they're added to it. Then, days or months later, I can see at a glance how much they've fallen or risen since I added them. And after a market crash, I can see which ones look most tempting.</p>\n<p>You won't be able to pounce on any sudden bargains if you have no cash, so you might consider keeping a small portion of your portfolio in cash, for future opportunities. Don't keep a big portion in cash, though, because the market might not drop for several months or even years, during which time that money won't be growing for you.</p>\n<p>Finally, remember to always pay attention to valuation. If you overpay for a good stock, it might fall and take a<i>long</i>time to recover.<b>Cisco Systems</b> (NASDAQ:CSCO) is a great cautionary example. Consider that way back in March 2000, it was trading above $77 per share; it was recently trading for about $48 per share, some 21 years later! It's not that Cisco is a bad company -- there are plenty of reasons to buy shares today -- but when it was at $77, it was simply way overvalued. Aim to buy stocks for less than their intrinsic worth&nbsp;by seeking a margin of safety.</p>\n<p>So, try to be more like Brian Feroldi when investing -- enjoy seeing your net worth grow when the market is rising, and get ready to hunt for bargains when it drops. It's a win-win for long-term investors.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons Not to Worry About a Stock Market Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons Not to Worry About a Stock Market Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 19:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/12/3-reasons-not-to-worry-about-a-stock-market-crash/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you're prepared for stock market crashes, you may actually rejoice when they happen.\nOne day, you may be enjoying an ordinary morning when you check your portfolio and find that many of your ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/12/3-reasons-not-to-worry-about-a-stock-market-crash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/03/12/3-reasons-not-to-worry-about-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118954048","content_text":"If you're prepared for stock market crashes, you may actually rejoice when they happen.\nOne day, you may be enjoying an ordinary morning when you check your portfolio and find that many of your holdings are down 5% or more. Yikes! If many holdings are down sharply, there probably isn't much specific terrible news about any particular holding -- instead, it's probably that the whole market, as measured by the Dow Jones Industrial Index or the S&P 500, has dropped sharply.\nThe more the market drops, the more many investors panic and sell stocks they own. That can send stocks down even more, fueling further selling. It's generally best to not follow the crowd and not worry. Here are three reasons why.\nImage source: Getty Images.\n1. Stock market crashes often don't last too long\nEvery stock market investor needs to understand that the stock market is volatile, and \"corrections\" (drops of 10% to 20%) and \"crashes\" (drops of 20% or more) will happen -- and not infrequently. The good news is that while these corrections and crashes can sometimes be sharp and severe, they often don't last that long.\nA study by Charles Schwab noted that between 2000 and 2019, the stock market dropped at least 10% in 11 of those 20 years (that's more than half of the years!), with an average drop of 15%. (In two other years, the market dropped almost 10%.) That all sounds bad, right? But in fully 15 of those 20 years, the market ended up with a year-end gain, one that averaged 6%. Corrections typically last only about six months.\n2. Stock market crashes can be great buying opportunities\nThe next reason not to be upset at a stock market crash is that it's likely to present some great buying opportunities. As my colleague Brian Feroldi recently tweeted:\n\n My investing mindset:Stocks Down: \n\n\n Hooray! I can buy my favorite stocks cheaper!\n\n\n Stocks Up: Hooray! My net worth went up!\n\nThe Nasdaq experienced a correction of about 12% recently, falling from 14,153 on Feb. 16 to 12,422 on March 5. If you were paying attention and not panicking, you might have been able to pick up some shares of companies you'd been wanting to buy. Check out how much certain stocks dropped over that period:\n\n\n\nStock\nPrice Drop\n\n\n\n\nLemonade\n(41%)\n\n\nTeladoc\n(35%)\n\n\nZillow\n(32%)\n\n\nRedfin\n(25%)\n\n\nTesla\n(25%)\n\n\nThe Trade Desk\n(25%)\n\n\nZoom Video Communications\n(24%)\n\n\nShopify\n(23%)\n\n\nDocuSign\n(23%)\n\n\nSquare\n(22%)\n\n\nApple\n(9%)\n\n\nAmazon.com\n(8%)\n\n\nNetflix\n(7%)\n\n\n\nSource: Yahoo! Financial, with prices from Feb. 16 and March 5, 2021.\nMany of these stocks have since recovered much of the ground they lost in that period, making it clear that some corrections really don't last very long and that swift action can be required if you want to take advantage of them. If you do pounce early and nab some desired stocks, understand that they may still fall further for a while and that itcouldtake some years before they're back in the black for you. There are few guarantees in the stock market, and patience comes in handy.\nImage source: Getty Images.\n3. Stock market crashes are OK if you're prepared\nFinally, the last reason not to worry too much about a stock market crash is that you're prepared for it. You may not be right now, but you can take steps to ensure that you're prepared for a future market retraction.\nThe most important way to protect yourself from market crashes is to not invest any money you'll need in the next five or so years -- or even 10 if you want to be extra conservative. The market can swoon at any time, and you don't want it to take a third of an upcoming down payment with it.\nAnother smart thing to do is to have a watch list of stocks you'd love to own. I have one, in the form of an online portfolio, and I enter stocks in it at the price they're trading on the day they're added to it. Then, days or months later, I can see at a glance how much they've fallen or risen since I added them. And after a market crash, I can see which ones look most tempting.\nYou won't be able to pounce on any sudden bargains if you have no cash, so you might consider keeping a small portion of your portfolio in cash, for future opportunities. Don't keep a big portion in cash, though, because the market might not drop for several months or even years, during which time that money won't be growing for you.\nFinally, remember to always pay attention to valuation. If you overpay for a good stock, it might fall and take alongtime to recover.Cisco Systems (NASDAQ:CSCO) is a great cautionary example. Consider that way back in March 2000, it was trading above $77 per share; it was recently trading for about $48 per share, some 21 years later! It's not that Cisco is a bad company -- there are plenty of reasons to buy shares today -- but when it was at $77, it was simply way overvalued. Aim to buy stocks for less than their intrinsic worth by seeking a margin of safety.\nSo, try to be more like Brian Feroldi when investing -- enjoy seeing your net worth grow when the market is rising, and get ready to hunt for bargains when it drops. It's a win-win for long-term investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328636358,"gmtCreate":1615518539574,"gmtModify":1703490331541,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/328636358","repostId":"2118931456","repostType":2,"isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":367542828,"gmtCreate":1614958978564,"gmtModify":1703483611330,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[流泪]&nbsp;[流泪]&nbsp;","listText":"[流泪]&nbsp;[流泪]&nbsp;","text":"[流泪] [流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/367542828","repostId":"1169596583","repostType":4,"repost":{"id":"1169596583","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614958557,"share":"https://www.laohu8.com/m/news/1169596583?lang=&edition=full","pubTime":"2021-03-05 23:35","market":"us","language":"en","title":"Palantir plunged more than 13%","url":"https://stock-news.laohu8.com/highlight/detail?id=1169596583","media":"老虎资讯综合","summary":"(March 5)&nbsp;Palantir plunged more than 13%.","content":"<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir plunged more than 13%</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 plunged more than 13%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-05 23:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169596583","content_text":"(March 5) Palantir plunged more than 13%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":354286195,"gmtCreate":1617178661717,"gmtModify":1634522242550,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/354286195","repostId":"1163996400","repostType":4,"repost":{"id":"1163996400","pubTimestamp":1617094880,"share":"https://www.laohu8.com/m/news/1163996400?lang=&edition=full","pubTime":"2021-03-30 17:01","market":"us","language":"en","title":"Coursera: The Education Disruptor Goes Public","url":"https://stock-news.laohu8.com/highlight/detail?id=1163996400","media":"seekingalpha","summary":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic","content":"<p><b>Summary</b></p><ul><li>The company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.</li><li>It is operating in a huge addressable market that is likely to grow for the foreseeable future.</li><li>Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.</li><li>Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.</li><li>However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.</li></ul><p>Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.</p><p>Ng’sshareholder letter in the S-1articulated clearly just what the company is about:</p><blockquote>“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”</blockquote><p>The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).</p><p><b>Operating Results</b></p><p>The company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.</p><p>The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.</p><p>At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.</p><p><b>The Strategy and Market Opportunity</b></p><p>Coursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.</p><p>The platform offers a number of education tracks, for example:</p><ul><li>Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.</li><li>MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.</li><li>Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.</li><li>Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.</li></ul><p>In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).</p><p>The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.</p><p>A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.</p><p>Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.</p><p>The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.</p><p>In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.</p><p>The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.</p><p>Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.</p><p>With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.</p><p><b>Conclusion</b></p><p>Coursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.</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>Coursera: The Education Disruptor Goes Public</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\">\nCoursera: The Education Disruptor Goes Public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future....</p>\n\n<a href=\"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7cedd6cbf23bbe97eaec389fb0773ed6","relate_stocks":{"COUR":"Coursera, Inc."},"source_url":"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163996400","content_text":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future.Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.Ng’sshareholder letter in the S-1articulated clearly just what the company is about:“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).Operating ResultsThe company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.The Strategy and Market OpportunityCoursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.The platform offers a number of education tracks, for example:Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.ConclusionCoursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324183582,"gmtCreate":1615974425246,"gmtModify":1703495737672,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[捂脸]&nbsp;","listText":"[捂脸]&nbsp;","text":"[捂脸]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324183582","repostId":"1176435771","repostType":4,"repost":{"id":"1176435771","pubTimestamp":1615973979,"share":"https://www.laohu8.com/m/news/1176435771?lang=&edition=full","pubTime":"2021-03-17 17:39","market":"us","language":"en","title":"The Financial Crisis the World Forgot","url":"https://stock-news.laohu8.com/highlight/detail?id=1176435771","media":"NewYork Times","summary":"The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to f","content":"<blockquote>\n The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?\n</blockquote>\n<p>By the middle of March 2020 a sense of anxiety pervaded the Federal Reserve. The fast-unfolding coronavirus pandemic was rippling through global markets in dangerous ways.</p>\n<p>Trading in Treasurys — the government securities that are considered among the safest assets in the world, and the bedrock of the entire bond market — had become disjointed as panicked investors tried to sell everything they owned to raise cash. Buyers were scarce. The Treasury market had never broken down so badly, even in the depths of the 2008 financial crisis.</p>\n<p>The Fed called an emergency meeting on March 15, a Sunday. Lorie Logan, who oversees the Federal Reserve Bank of New York’s asset portfolio, summarized the brewing crisis. She and her colleagues dialed into a conference from the fortresslike New York Fed headquarters, unable to travel to Washington given the meeting’s impromptu nature and the spreading virus. Regional bank presidents assembled across America stared back from the monitor. Washington-based governors were arrayed in a socially distanced ring around the Fed Board’s mahogany table.</p>\n<p>Ms. Logan delivered a blunt assessment: While the Fed had been buying government-backed bonds the week before to soothe the volatile Treasury market, market contacts said it hadn’t been enough. To fix things, the Fed mightneed to buy much more. And fast.</p>\n<p>Fed officials are an argumentative bunch, and they fiercely debated the other issue before them that day, whether to cut interest rates to near-zero.</p>\n<p>But, in a testament to the gravity of the breakdown in the government bond market, there was no dissent about whether the central bank needed to stem what was happening by stepping in as a buyer. That afternoon, the Fedannounced an enormous purchase program, promising to make $500 billion in government bond purchases and to buy $200 billion in mortgage-backed debt.</p>\n<p>It wasn’t the central bank’s first effort to stop the unfolding disaster, nor would it be the last. But it was a clear signal that the 2020 meltdown echoed the 2008 crisis in seriousness and complexity. Where the housing crisis and ensuing crash took years to unfold, the coronavirus panic had struck in weeks.</p>\n<p>As March wore on, each hour incubating a new calamity, policymakers were forced tocross boundaries, break precedentsand make new uses of the U.S. government’s vast powers to save domestic markets, keep cash flowing abroad and prevent a full-blown financial crisis from compounding a public health tragedy.</p>\n<p>The rescue worked, so it is easy to forget the peril America’s investors and businesses faced a year ago. But the systemwide weaknesses that were exposed last March remain, and are now under the microscope of Washington policymakers.</p>\n<p><b>How It Started</b></p>\n<p>Financial markets began to wobble on Feb. 21, 2020, when Italian authorities announced localized lockdowns.</p>\n<p>At first, the sell-off in risky investments was normal — a rational “flight to safety” while the global economic outlook was rapidly darkening. Stocks plummeted, demand for many corporate bonds disappeared, and people poured into super-secure investments, like U.S. Treasury bonds.</p>\n<p>On March 3, as market jitters intensified, the Fedcut interest ratesto about 1 percent — its first emergency move since the 2008 financial crisis. Some analysts chidedthe Fed for overreacting, and others asked an obvious question: What could the Fed realistically do in the face of a public health threat?</p>\n<p>“We do recognize that a rate cut will not reduce the rate of infection, it won’t fix a broken supply chain,” Chair Jerome H. Powell said at a news conference, explaining that the Fed was doing what it could to keep credit cheap and available.</p>\n<p>But the health disaster was quickly metastasizing into a market crisis.</p>\n<p>Lockdowns in Italy deepened during the second week of March, and oil prices plummeted as a price war raged, sending tremors across stock, currency and commodity markets. Then, something weird started to happen: Instead of snapping up Treasury bonds, arguably the world’s safest investment, investors began trying to sell them.</p>\n<p>The yield on 10-year Treasury debt — which usually drops when investors seek safe harbor — started to rise on March 10, suggesting investors didn’t want safe assets. They wanted cold, hard cash, and they were trying to sell anything and everything to get it.</p>\n<p><b>How It Worsened</b></p>\n<p>Religion works through churches. Democracy through congresses and parliaments. Capitalism is an idea made real through a series of relationships between debtors and creditors, risk and reward. And by last March 11, those equations were no longer adding up.</p>\n<p>That was the day the World Health Organizationofficially declaredthe virus outbreak a pandemic, and the morning on which it was becoming clear that a sell-off had spiraled into a panic.</p>\n<p>The Fed began to roll out measure after measure in a bid to soothe conditions, first offeringhuge temporary infusions of cashto banks, thenaccelerating plansto buy Treasury bonds as that market swung out of whack.</p>\n<p>But by Friday, March 13, government bond markets were just one of many problems.</p>\n<p>Investors had been pulling their cash from prime money market mutual funds, where they park it to earn a slightly higher return, for days. But those outflows began to accelerate, prompting the funds themselves to pull back sharply from short-term corporate debt markets as they raced to return money to investors. Banks that serve as market conduits were less willing than usual to buy and hold new securities, even just temporarily. That made it harder to sell everything, be it a company bond or Treasury debt.</p>\n<p>The Fed’s announcement after its March 15 emergency meeting — that it would slash rates and buy bonds in the most critical markets — was an attempt to get things under control.</p>\n<p>But Mr. Powell worried that the fix would fall short as short- and long-term debt of all kinds became hard to sell. He approached Andreas Lehnert, director of the Fed’s financial stability division, in the Washington boardroom after the meeting and asked him to prepare emergency lending programs, which the central bank had used in 2008 to serve as a support system to unraveling markets.</p>\n<p>Mr. Lehnert went straight to a musty office, where he communicated with Fed technicians, economists and lawyers via instant messenger and video chats — in-person meetings were already restricted — and worked late into the night to get the paperwork ready.</p>\n<p>Starting that Tuesday morning, after another day of market carnage, the central bank began to unveil the steady drip of rescue programs Mr. Lehnert and his colleagues had been working on: one to buy upshort-term corporate debtand another to keep funding flowing to key banks. Shortlybefore midnighton Wednesday, March 18, the Fed announced a program to rescue embattled money market funds by offering to effectively take hard-to-sell securities off their hands.</p>\n<p>But by the end of that week, everything was a mess.Foreign central banks and corporations were offloading U.S. debt, partly to raise dollars companies needed to pay interest and other bills; hedge funds werenixing a highly leveraged tradethat had broken down as the market went haywire, dumping Treasurys into the choked market.Corporate bondandcommercial real estate debt marketslooked dicey as companies faced credit rating downgrades and as hotels and malls saw business prospects tank.</p>\n<p>The world’s most powerful central bank was throwing solutions at the markets as rapidly as it could, and it wasn’t enough.</p>\n<p><b>How They Fixed It</b></p>\n<p>The next weekend, March 21 and 22, was a frenzy. Officials dialed into calls from home, completing still-secret program outlines and negotiating with Treasury Secretary Steven Mnuchin’s team to establish a layer of insurance to protect the efforts against credit losses. After a tormented 48-hour hustle, the Fed sent out a mammoth news release on Monday morning.</p>\n<p>Headlineshit newswiresat 8 a.m., well before American markets opened. The Fed promised tobuy an unlimited amountof Treasury debt and to purchase commercial mortgage-backed securities — efforts to save the most central markets.</p>\n<p>The announcement also pushed the central bank into uncharted territory. The Fed was established in 1913 toserve as a lender of last resortto troubled banks. On March 23, it pledged to funnel help far beyond that financial core. The Fed said it would buy corporate debt and help to get loans to midsize businesses for the first time ever.</p>\n<p>It finally worked. The dash for cash turned around starting that day.</p>\n<p>The March 23 efforts took an approach that Mr. Lehnert referred to internally as “covering the waterfront.” Fed economists had discerned which capital marketswere tied to huge numbers of jobsand made sure that every one of them had a Fed support program.</p>\n<p>On April 9, officials put final pieces of the strategy into play. Backed by a huge pot of insurance money from a rescue package just passed by Congress — lawmakers had handed the Treasury up to$454 billion— they announced that they would expand already-announced efforts and set up another to help funnel credit to states and big cities.</p>\n<p>The Fed’s 2008 rescue effort had been widely criticized as a bank bailout. The 2020 redux was to rescue everything.</p>\n<p>The Fed, along with the Treasury, most likely saved the nation from a crippling financial crisis that would have made it harder for businesses to survive, rebound and rehire, intensifying the economic damage the coronavirus went on to inflict. Many of the programs have since ended or are scheduled to do so, and markets are functioning fine.</p>\n<p>But there’s no guarantee that the calm will prove permanent.</p>\n<p>“The financial system remains vulnerable” to a repeat of last March’s sweeping disaster as “the underlying structures and mechanisms that gave rise to the turmoil are still in place,” the Financial Stability Board, a global oversight body, wrote in a meltdownpost-mortem.</p>\n<p><b>What Comes Next</b></p>\n<p>The question policymakers and lawmakers are now grappling with is how to fix those vulnerabilities, which could portend problems for the Treasury market and money market funds if investors get seriously spooked again.</p>\n<p>The Fed’s rescue ramps up the urgency to safeguard the system. Central bankers set a precedent by saving previously untouched markets, raising the possibility that investors will take risks, assuming the central bank will always step in if things get bad enough.</p>\n<p>There’s some bipartisan appetite for reform: Trump-era regulators began a review of money markets, and Treasury Secretary Janet L. Yellen has said she will focus on financial oversight. But change won’t be easy. Protests in the street helped to galvanize financial reform after 2008. There is little popular outrage over the March 2020 meltdown, both because it was set off by a health crisis — not bad banker behavior — and because it was resolved quickly.</p>\n<p>Industry playersare already mobilizing a lobbying effort, and they may find allies in resisting regulation, including among lawmakers.</p>\n<p>“I would point out that money market funds have been remarkably stable and successful,” Senator Patrick J. Toomey, Republican of Pennsylvania, said during aJan. 19 hearing.</p>","source":"lsy1605590967916","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Financial Crisis the World Forgot</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Financial Crisis the World Forgot\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 17:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nytimes.com/2021/03/16/business/economy/fed-2020-financial-crisis-covid.html><strong>NewYork Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?\n\nBy the middle of March 2020 a sense of anxiety pervaded the ...</p>\n\n<a href=\"https://www.nytimes.com/2021/03/16/business/economy/fed-2020-financial-crisis-covid.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.nytimes.com/2021/03/16/business/economy/fed-2020-financial-crisis-covid.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176435771","content_text":"The Federal Reserve crossed red lines to rescue markets in March 2020. Is there enough momentum to fix the weaknesses the episode exposed?\n\nBy the middle of March 2020 a sense of anxiety pervaded the Federal Reserve. The fast-unfolding coronavirus pandemic was rippling through global markets in dangerous ways.\nTrading in Treasurys — the government securities that are considered among the safest assets in the world, and the bedrock of the entire bond market — had become disjointed as panicked investors tried to sell everything they owned to raise cash. Buyers were scarce. The Treasury market had never broken down so badly, even in the depths of the 2008 financial crisis.\nThe Fed called an emergency meeting on March 15, a Sunday. Lorie Logan, who oversees the Federal Reserve Bank of New York’s asset portfolio, summarized the brewing crisis. She and her colleagues dialed into a conference from the fortresslike New York Fed headquarters, unable to travel to Washington given the meeting’s impromptu nature and the spreading virus. Regional bank presidents assembled across America stared back from the monitor. Washington-based governors were arrayed in a socially distanced ring around the Fed Board’s mahogany table.\nMs. Logan delivered a blunt assessment: While the Fed had been buying government-backed bonds the week before to soothe the volatile Treasury market, market contacts said it hadn’t been enough. To fix things, the Fed mightneed to buy much more. And fast.\nFed officials are an argumentative bunch, and they fiercely debated the other issue before them that day, whether to cut interest rates to near-zero.\nBut, in a testament to the gravity of the breakdown in the government bond market, there was no dissent about whether the central bank needed to stem what was happening by stepping in as a buyer. That afternoon, the Fedannounced an enormous purchase program, promising to make $500 billion in government bond purchases and to buy $200 billion in mortgage-backed debt.\nIt wasn’t the central bank’s first effort to stop the unfolding disaster, nor would it be the last. But it was a clear signal that the 2020 meltdown echoed the 2008 crisis in seriousness and complexity. Where the housing crisis and ensuing crash took years to unfold, the coronavirus panic had struck in weeks.\nAs March wore on, each hour incubating a new calamity, policymakers were forced tocross boundaries, break precedentsand make new uses of the U.S. government’s vast powers to save domestic markets, keep cash flowing abroad and prevent a full-blown financial crisis from compounding a public health tragedy.\nThe rescue worked, so it is easy to forget the peril America’s investors and businesses faced a year ago. But the systemwide weaknesses that were exposed last March remain, and are now under the microscope of Washington policymakers.\nHow It Started\nFinancial markets began to wobble on Feb. 21, 2020, when Italian authorities announced localized lockdowns.\nAt first, the sell-off in risky investments was normal — a rational “flight to safety” while the global economic outlook was rapidly darkening. Stocks plummeted, demand for many corporate bonds disappeared, and people poured into super-secure investments, like U.S. Treasury bonds.\nOn March 3, as market jitters intensified, the Fedcut interest ratesto about 1 percent — its first emergency move since the 2008 financial crisis. Some analysts chidedthe Fed for overreacting, and others asked an obvious question: What could the Fed realistically do in the face of a public health threat?\n“We do recognize that a rate cut will not reduce the rate of infection, it won’t fix a broken supply chain,” Chair Jerome H. Powell said at a news conference, explaining that the Fed was doing what it could to keep credit cheap and available.\nBut the health disaster was quickly metastasizing into a market crisis.\nLockdowns in Italy deepened during the second week of March, and oil prices plummeted as a price war raged, sending tremors across stock, currency and commodity markets. Then, something weird started to happen: Instead of snapping up Treasury bonds, arguably the world’s safest investment, investors began trying to sell them.\nThe yield on 10-year Treasury debt — which usually drops when investors seek safe harbor — started to rise on March 10, suggesting investors didn’t want safe assets. They wanted cold, hard cash, and they were trying to sell anything and everything to get it.\nHow It Worsened\nReligion works through churches. Democracy through congresses and parliaments. Capitalism is an idea made real through a series of relationships between debtors and creditors, risk and reward. And by last March 11, those equations were no longer adding up.\nThat was the day the World Health Organizationofficially declaredthe virus outbreak a pandemic, and the morning on which it was becoming clear that a sell-off had spiraled into a panic.\nThe Fed began to roll out measure after measure in a bid to soothe conditions, first offeringhuge temporary infusions of cashto banks, thenaccelerating plansto buy Treasury bonds as that market swung out of whack.\nBut by Friday, March 13, government bond markets were just one of many problems.\nInvestors had been pulling their cash from prime money market mutual funds, where they park it to earn a slightly higher return, for days. But those outflows began to accelerate, prompting the funds themselves to pull back sharply from short-term corporate debt markets as they raced to return money to investors. Banks that serve as market conduits were less willing than usual to buy and hold new securities, even just temporarily. That made it harder to sell everything, be it a company bond or Treasury debt.\nThe Fed’s announcement after its March 15 emergency meeting — that it would slash rates and buy bonds in the most critical markets — was an attempt to get things under control.\nBut Mr. Powell worried that the fix would fall short as short- and long-term debt of all kinds became hard to sell. He approached Andreas Lehnert, director of the Fed’s financial stability division, in the Washington boardroom after the meeting and asked him to prepare emergency lending programs, which the central bank had used in 2008 to serve as a support system to unraveling markets.\nMr. Lehnert went straight to a musty office, where he communicated with Fed technicians, economists and lawyers via instant messenger and video chats — in-person meetings were already restricted — and worked late into the night to get the paperwork ready.\nStarting that Tuesday morning, after another day of market carnage, the central bank began to unveil the steady drip of rescue programs Mr. Lehnert and his colleagues had been working on: one to buy upshort-term corporate debtand another to keep funding flowing to key banks. Shortlybefore midnighton Wednesday, March 18, the Fed announced a program to rescue embattled money market funds by offering to effectively take hard-to-sell securities off their hands.\nBut by the end of that week, everything was a mess.Foreign central banks and corporations were offloading U.S. debt, partly to raise dollars companies needed to pay interest and other bills; hedge funds werenixing a highly leveraged tradethat had broken down as the market went haywire, dumping Treasurys into the choked market.Corporate bondandcommercial real estate debt marketslooked dicey as companies faced credit rating downgrades and as hotels and malls saw business prospects tank.\nThe world’s most powerful central bank was throwing solutions at the markets as rapidly as it could, and it wasn’t enough.\nHow They Fixed It\nThe next weekend, March 21 and 22, was a frenzy. Officials dialed into calls from home, completing still-secret program outlines and negotiating with Treasury Secretary Steven Mnuchin’s team to establish a layer of insurance to protect the efforts against credit losses. After a tormented 48-hour hustle, the Fed sent out a mammoth news release on Monday morning.\nHeadlineshit newswiresat 8 a.m., well before American markets opened. The Fed promised tobuy an unlimited amountof Treasury debt and to purchase commercial mortgage-backed securities — efforts to save the most central markets.\nThe announcement also pushed the central bank into uncharted territory. The Fed was established in 1913 toserve as a lender of last resortto troubled banks. On March 23, it pledged to funnel help far beyond that financial core. The Fed said it would buy corporate debt and help to get loans to midsize businesses for the first time ever.\nIt finally worked. The dash for cash turned around starting that day.\nThe March 23 efforts took an approach that Mr. Lehnert referred to internally as “covering the waterfront.” Fed economists had discerned which capital marketswere tied to huge numbers of jobsand made sure that every one of them had a Fed support program.\nOn April 9, officials put final pieces of the strategy into play. Backed by a huge pot of insurance money from a rescue package just passed by Congress — lawmakers had handed the Treasury up to$454 billion— they announced that they would expand already-announced efforts and set up another to help funnel credit to states and big cities.\nThe Fed’s 2008 rescue effort had been widely criticized as a bank bailout. The 2020 redux was to rescue everything.\nThe Fed, along with the Treasury, most likely saved the nation from a crippling financial crisis that would have made it harder for businesses to survive, rebound and rehire, intensifying the economic damage the coronavirus went on to inflict. Many of the programs have since ended or are scheduled to do so, and markets are functioning fine.\nBut there’s no guarantee that the calm will prove permanent.\n“The financial system remains vulnerable” to a repeat of last March’s sweeping disaster as “the underlying structures and mechanisms that gave rise to the turmoil are still in place,” the Financial Stability Board, a global oversight body, wrote in a meltdownpost-mortem.\nWhat Comes Next\nThe question policymakers and lawmakers are now grappling with is how to fix those vulnerabilities, which could portend problems for the Treasury market and money market funds if investors get seriously spooked again.\nThe Fed’s rescue ramps up the urgency to safeguard the system. Central bankers set a precedent by saving previously untouched markets, raising the possibility that investors will take risks, assuming the central bank will always step in if things get bad enough.\nThere’s some bipartisan appetite for reform: Trump-era regulators began a review of money markets, and Treasury Secretary Janet L. Yellen has said she will focus on financial oversight. But change won’t be easy. Protests in the street helped to galvanize financial reform after 2008. There is little popular outrage over the March 2020 meltdown, both because it was set off by a health crisis — not bad banker behavior — and because it was resolved quickly.\nIndustry playersare already mobilizing a lobbying effort, and they may find allies in resisting regulation, including among lawmakers.\n“I would point out that money market funds have been remarkably stable and successful,” Senator Patrick J. Toomey, Republican of Pennsylvania, said during aJan. 19 hearing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":458,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":349565487,"gmtCreate":1617627090949,"gmtModify":1634297482531,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[贱笑]&nbsp;","listText":"[贱笑]&nbsp;","text":"[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/349565487","repostId":"1182378447","repostType":4,"repost":{"id":"1182378447","pubTimestamp":1617623468,"share":"https://www.laohu8.com/m/news/1182378447?lang=&edition=full","pubTime":"2021-04-05 19:51","market":"us","language":"en","title":"CrowdStrike: Time To Buy This Cybersecurity Leader","url":"https://stock-news.laohu8.com/highlight/detail?id=1182378447","media":"seekingalpha","summary":"Summary\n\nCloud and cybersecurity spend are expected to increase significantly over the course of the","content":"<p><b>Summary</b></p>\n<ul>\n <li>Cloud and cybersecurity spend are expected to increase significantly over the course of the next few years, benefiting the leaders of the sector.</li>\n <li>Robust financial performance during the work-from-home shift is likely to continue.</li>\n <li>CRWD has the potential to witness significant operating and earnings leverage from FY22 to FY25.</li>\n <li>Risks to watch stem from its customer base, expansion and valuation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5cea90a576bf71e95e6777dbc25a8ac5\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p>As 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.</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&nbsp;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&nbsp;cybersecurity spend&nbsp;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&nbsp;projection for the fiscal year&nbsp;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&nbsp;subscription gross margin&nbsp;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&nbsp;ROI&nbsp;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&nbsp;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&nbsp;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&amp;M 30-35% of revenues, R&amp;D 15-20% and G&amp;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 (&gt;70%) on &gt;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 &gt;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&nbsp;&nbsp;&nbsp;<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":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":327051088,"gmtCreate":1616041954844,"gmtModify":1703496780411,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/327051088","repostId":"2120131364","repostType":2,"isVote":1,"tweetType":1,"viewCount":333,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":357530887,"gmtCreate":1617284278049,"gmtModify":1634521619211,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[{"img":"https://static.tigerbbs.com/5ecded2533f3f38205ba67c88623f633","width":"1242","height":"1318"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/357530887","isVote":1,"tweetType":1,"viewCount":594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":328740931,"gmtCreate":1615561445323,"gmtModify":1703490988146,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Dun panic.. dun worry.. [贱笑]&nbsp;[财迷]&nbsp;","listText":"Dun panic.. dun worry.. [贱笑]&nbsp;[财迷]&nbsp;","text":"Dun panic.. dun worry.. [贱笑] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/328740931","repostId":"2118954048","repostType":4,"repost":{"id":"2118954048","pubTimestamp":1615548116,"share":"https://www.laohu8.com/m/news/2118954048?lang=&edition=full","pubTime":"2021-03-12 19:21","market":"us","language":"en","title":"3 Reasons Not to Worry About a Stock Market Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=2118954048","media":"Motley Fool","summary":"If you're prepared for stock market crashes, you may actually rejoice when they happen.","content":"<p>If you're prepared for stock market crashes, you may actually rejoice when they happen.</p>\n<p>One day, you may be enjoying an ordinary morning when you check your portfolio and find that many of your holdings are down 5% or more. Yikes! If many holdings are down sharply, there probably isn't much specific terrible news about any particular holding -- instead, it's probably that the whole market, as measured by the Dow Jones Industrial Index or the S&amp;P 500, has dropped sharply.</p>\n<p>The more the market drops, the more many investors panic and sell stocks they own. That can send stocks down even more, fueling further selling. It's generally best to not follow the crowd and not worry. Here are three reasons why.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b41c06213a97009af9123ba237d6cd5\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p><b>1. Stock market crashes often don't last too long</b></p>\n<p>Every stock market investor needs to understand that the stock market is volatile, and \"corrections\" (drops of 10% to 20%) and \"crashes\" (drops of 20% or more) will happen -- and not infrequently. The good news is that while these corrections and crashes can sometimes be sharp and severe, they often don't last that long.</p>\n<p>A study by Charles Schwab noted that between 2000 and 2019, the stock market dropped at least 10% in 11 of those 20 years (that's more than half of the years!), with an average drop of 15%. (In two other years, the market dropped almost 10%.) That all sounds bad, right? But in fully 15 of those 20 years, the market ended up with a year-end gain, <a href=\"https://laohu8.com/S/AONE\">one</a> that averaged 6%. Corrections typically last only about six months.</p>\n<p><b>2. Stock market crashes can be great buying opportunities</b></p>\n<p>The next reason not to be upset at a stock market crash is that it's likely to present some great buying opportunities. As my colleague Brian Feroldi recently tweeted:</p>\n<blockquote>\n My investing mindset:Stocks Down: \n</blockquote>\n<blockquote>\n Hooray! I can buy my favorite stocks cheaper!\n</blockquote>\n<blockquote>\n Stocks Up: Hooray! My net worth went up!\n</blockquote>\n<p>The Nasdaq experienced a correction of about 12% recently, falling from 14,153 on Feb. 16 to 12,422 on March 5. If you were paying attention and not panicking, you might have been able to pick up some shares of companies you'd been wanting to buy. Check out how much certain stocks dropped over that period:</p>\n<table>\n <thead>\n  <tr>\n   <th><p><b>Stock</b></p></th>\n   <th><p><b>Price Drop</b></p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p><b>Lemonade</b></p></td>\n   <td><p>(41%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Teladoc</b></p></td>\n   <td><p>(35%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b><a href=\"https://laohu8.com/S/Z\">Zillow</a></b></p></td>\n   <td><p>(32%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Redfin</b></p></td>\n   <td><p>(25%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Tesla</b></p></td>\n   <td><p>(25%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>The Trade Desk</b></p></td>\n   <td><p>(25%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications</b></p></td>\n   <td><p>(24%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Shopify</b></p></td>\n   <td><p>(23%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>DocuSign</b></p></td>\n   <td><p>(23%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Square</b></p></td>\n   <td><p>(22%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Apple</b></p></td>\n   <td><p>(9%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Amazon.com</b></p></td>\n   <td><p>(8%)</p></td>\n  </tr>\n  <tr>\n   <td><p><b>Netflix</b></p></td>\n   <td><p>(7%)</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Source: Yahoo! Financial, with prices from Feb. 16 and March 5, 2021.</p>\n<p>Many of these stocks have since recovered much of the ground they lost in that period, making it clear that some corrections really don't last very long and that swift action can be required if you want to take advantage of them. If you do pounce early and nab some desired stocks, understand that they may still fall further for a while and that it<i>could</i>take some years before they're back in the black for you. There are few guarantees in the stock market, and patience comes in handy.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d1c239906e64ac38efa13a0577e2f357\" tg-width=\"700\" tg-height=\"499\"><span>Image source: Getty Images.</span></p>\n<p><b>3. Stock market crashes are OK if you're prepared</b></p>\n<p>Finally, the last reason not to worry too much about a stock market crash is that you're prepared for it. You may not be right now, but you can take steps to ensure that you're prepared for a future market retraction.</p>\n<p>The most important way to protect yourself from market crashes is to not invest any money you'll need in the next five or so years -- or even 10 if you want to be extra conservative. The market can swoon at any time, and you don't want it to take a third of an upcoming down payment with it.</p>\n<p>Another smart thing to do is to have a watch list of stocks you'd love to own. I have <a href=\"https://laohu8.com/S/AONE.U\">one</a>, in the form of an online portfolio, and I enter stocks in it at the price they're trading on the day they're added to it. Then, days or months later, I can see at a glance how much they've fallen or risen since I added them. And after a market crash, I can see which ones look most tempting.</p>\n<p>You won't be able to pounce on any sudden bargains if you have no cash, so you might consider keeping a small portion of your portfolio in cash, for future opportunities. Don't keep a big portion in cash, though, because the market might not drop for several months or even years, during which time that money won't be growing for you.</p>\n<p>Finally, remember to always pay attention to valuation. If you overpay for a good stock, it might fall and take a<i>long</i>time to recover.<b>Cisco Systems</b> (NASDAQ:CSCO) is a great cautionary example. Consider that way back in March 2000, it was trading above $77 per share; it was recently trading for about $48 per share, some 21 years later! It's not that Cisco is a bad company -- there are plenty of reasons to buy shares today -- but when it was at $77, it was simply way overvalued. Aim to buy stocks for less than their intrinsic worth&nbsp;by seeking a margin of safety.</p>\n<p>So, try to be more like Brian Feroldi when investing -- enjoy seeing your net worth grow when the market is rising, and get ready to hunt for bargains when it drops. It's a win-win for long-term investors.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons Not to Worry About a Stock Market Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons Not to Worry About a Stock Market Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 19:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/12/3-reasons-not-to-worry-about-a-stock-market-crash/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If you're prepared for stock market crashes, you may actually rejoice when they happen.\nOne day, you may be enjoying an ordinary morning when you check your portfolio and find that many of your ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/12/3-reasons-not-to-worry-about-a-stock-market-crash/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/03/12/3-reasons-not-to-worry-about-a-stock-market-crash/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118954048","content_text":"If you're prepared for stock market crashes, you may actually rejoice when they happen.\nOne day, you may be enjoying an ordinary morning when you check your portfolio and find that many of your holdings are down 5% or more. Yikes! If many holdings are down sharply, there probably isn't much specific terrible news about any particular holding -- instead, it's probably that the whole market, as measured by the Dow Jones Industrial Index or the S&P 500, has dropped sharply.\nThe more the market drops, the more many investors panic and sell stocks they own. That can send stocks down even more, fueling further selling. It's generally best to not follow the crowd and not worry. Here are three reasons why.\nImage source: Getty Images.\n1. Stock market crashes often don't last too long\nEvery stock market investor needs to understand that the stock market is volatile, and \"corrections\" (drops of 10% to 20%) and \"crashes\" (drops of 20% or more) will happen -- and not infrequently. The good news is that while these corrections and crashes can sometimes be sharp and severe, they often don't last that long.\nA study by Charles Schwab noted that between 2000 and 2019, the stock market dropped at least 10% in 11 of those 20 years (that's more than half of the years!), with an average drop of 15%. (In two other years, the market dropped almost 10%.) That all sounds bad, right? But in fully 15 of those 20 years, the market ended up with a year-end gain, one that averaged 6%. Corrections typically last only about six months.\n2. Stock market crashes can be great buying opportunities\nThe next reason not to be upset at a stock market crash is that it's likely to present some great buying opportunities. As my colleague Brian Feroldi recently tweeted:\n\n My investing mindset:Stocks Down: \n\n\n Hooray! I can buy my favorite stocks cheaper!\n\n\n Stocks Up: Hooray! My net worth went up!\n\nThe Nasdaq experienced a correction of about 12% recently, falling from 14,153 on Feb. 16 to 12,422 on March 5. If you were paying attention and not panicking, you might have been able to pick up some shares of companies you'd been wanting to buy. Check out how much certain stocks dropped over that period:\n\n\n\nStock\nPrice Drop\n\n\n\n\nLemonade\n(41%)\n\n\nTeladoc\n(35%)\n\n\nZillow\n(32%)\n\n\nRedfin\n(25%)\n\n\nTesla\n(25%)\n\n\nThe Trade Desk\n(25%)\n\n\nZoom Video Communications\n(24%)\n\n\nShopify\n(23%)\n\n\nDocuSign\n(23%)\n\n\nSquare\n(22%)\n\n\nApple\n(9%)\n\n\nAmazon.com\n(8%)\n\n\nNetflix\n(7%)\n\n\n\nSource: Yahoo! Financial, with prices from Feb. 16 and March 5, 2021.\nMany of these stocks have since recovered much of the ground they lost in that period, making it clear that some corrections really don't last very long and that swift action can be required if you want to take advantage of them. If you do pounce early and nab some desired stocks, understand that they may still fall further for a while and that itcouldtake some years before they're back in the black for you. There are few guarantees in the stock market, and patience comes in handy.\nImage source: Getty Images.\n3. Stock market crashes are OK if you're prepared\nFinally, the last reason not to worry too much about a stock market crash is that you're prepared for it. You may not be right now, but you can take steps to ensure that you're prepared for a future market retraction.\nThe most important way to protect yourself from market crashes is to not invest any money you'll need in the next five or so years -- or even 10 if you want to be extra conservative. The market can swoon at any time, and you don't want it to take a third of an upcoming down payment with it.\nAnother smart thing to do is to have a watch list of stocks you'd love to own. I have one, in the form of an online portfolio, and I enter stocks in it at the price they're trading on the day they're added to it. Then, days or months later, I can see at a glance how much they've fallen or risen since I added them. And after a market crash, I can see which ones look most tempting.\nYou won't be able to pounce on any sudden bargains if you have no cash, so you might consider keeping a small portion of your portfolio in cash, for future opportunities. Don't keep a big portion in cash, though, because the market might not drop for several months or even years, during which time that money won't be growing for you.\nFinally, remember to always pay attention to valuation. If you overpay for a good stock, it might fall and take alongtime to recover.Cisco Systems (NASDAQ:CSCO) is a great cautionary example. Consider that way back in March 2000, it was trading above $77 per share; it was recently trading for about $48 per share, some 21 years later! It's not that Cisco is a bad company -- there are plenty of reasons to buy shares today -- but when it was at $77, it was simply way overvalued. Aim to buy stocks for less than their intrinsic worth by seeking a margin of safety.\nSo, try to be more like Brian Feroldi when investing -- enjoy seeing your net worth grow when the market is rising, and get ready to hunt for bargains when it drops. It's a win-win for long-term investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":367542828,"gmtCreate":1614958978564,"gmtModify":1703483611330,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[流泪]&nbsp;[流泪]&nbsp;","listText":"[流泪]&nbsp;[流泪]&nbsp;","text":"[流泪] [流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/367542828","repostId":"1169596583","repostType":4,"repost":{"id":"1169596583","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614958557,"share":"https://www.laohu8.com/m/news/1169596583?lang=&edition=full","pubTime":"2021-03-05 23:35","market":"us","language":"en","title":"Palantir plunged more than 13%","url":"https://stock-news.laohu8.com/highlight/detail?id=1169596583","media":"老虎资讯综合","summary":"(March 5)&nbsp;Palantir plunged more than 13%.","content":"<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir plunged more than 13%</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{ 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class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-05 23:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 5)&nbsp;Palantir plunged more than 13%.</p><p><img src=\"https://static.tigerbbs.com/13f756ec57cca85c31b6be070941d7c1\" tg-width=\"1059\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169596583","content_text":"(March 5) Palantir plunged more than 13%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359564315,"gmtCreate":1616414330737,"gmtModify":1634525979979,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[你懂的]&nbsp;","listText":"[你懂的]&nbsp;","text":"[你懂的]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/359564315","repostId":"2121124227","repostType":4,"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":340481697,"gmtCreate":1617452466819,"gmtModify":1634520898651,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[傲娇]&nbsp;","listText":"[傲娇]&nbsp;","text":"[傲娇]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/340481697","repostId":"2124891758","repostType":4,"repost":{"id":"2124891758","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":1617362917,"share":"https://www.laohu8.com/m/news/2124891758?lang=&edition=full","pubTime":"2021-04-02 19:28","market":"sh","language":"en","title":"China to strengthen online education and gaming restrictions for minors","url":"https://stock-news.laohu8.com/highlight/detail?id=2124891758","media":"Reuters","summary":"BEIJING, April 2 (Reuters) - China's Ministry of Education will strengthen rules to protect children","content":"<p>BEIJING, April 2 (Reuters) - China's Ministry of Education will strengthen rules to protect children's sleep by limiting online education and gaming services, it said on Friday.</p><p>In a statement on the ministry's website, it said that online education companies should not offer minors live-streamed courses after 9 pm.</p><p>The ministry also said that companies should not provide minors with online gaming services between 10pm and 8am.</p><p>\"Sleeping is essential to promote brain development, bone growth, vision protection, physical and mental health, and improve learning ability and efficiency of primary and secondary school students,\" it said.</p><p>Investors have increased their bets on China's online education sector, which has attracted growing interest after the coronavirus outbreak prompted a widespread switch to remote learning.</p><p>Leading startups in the field include GSX   , Tencent-backed    Yuanfudao and Alibaba-backed    Zuoyebang.</p><p>China has also stepped up efforts to regulate the online gaming industry, citing concerns over potentially violent and addictive games, putting pressure on companies such as Tencent and Netease   .</p><p>(Reporting by Yingzhi Yang, Sophie Yu, Yilei Sun and Tony Munroe Editing by David Goodman)</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>China to strengthen online education and gaming restrictions for minors</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; 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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\">\nChina to strengthen online education and gaming restrictions for minors\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 19:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BEIJING, April 2 (Reuters) - China's Ministry of Education will strengthen rules to protect children's sleep by limiting online education and gaming services, it said on Friday.</p><p>In a statement on the ministry's website, it said that online education companies should not offer minors live-streamed courses after 9 pm.</p><p>The ministry also said that companies should not provide minors with online gaming services between 10pm and 8am.</p><p>\"Sleeping is essential to promote brain development, bone growth, vision protection, physical and mental health, and improve learning ability and efficiency of primary and secondary school students,\" it said.</p><p>Investors have increased their bets on China's online education sector, which has attracted growing interest after the coronavirus outbreak prompted a widespread switch to remote learning.</p><p>Leading startups in the field include GSX   , Tencent-backed    Yuanfudao and Alibaba-backed    Zuoyebang.</p><p>China has also stepped up efforts to regulate the online gaming industry, citing concerns over potentially violent and addictive games, putting pressure on companies such as Tencent and Netease   .</p><p>(Reporting by Yingzhi Yang, Sophie Yu, Yilei Sun and Tony Munroe Editing by David Goodman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","QNETCN":"纳斯达克中美互联网老虎指数","TCEHY":"腾讯控股ADR","09988":"阿里巴巴-SW","09999":"网易-S"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124891758","content_text":"BEIJING, April 2 (Reuters) - China's Ministry of Education will strengthen rules to protect children's sleep by limiting online education and gaming services, it said on Friday.In a statement on the ministry's website, it said that online education companies should not offer minors live-streamed courses after 9 pm.The ministry also said that companies should not provide minors with online gaming services between 10pm and 8am.\"Sleeping is essential to promote brain development, bone growth, vision protection, physical and mental health, and improve learning ability and efficiency of primary and secondary school students,\" it said.Investors have increased their bets on China's online education sector, which has attracted growing interest after the coronavirus outbreak prompted a widespread switch to remote learning.Leading startups in the field include GSX   , Tencent-backed    Yuanfudao and Alibaba-backed    Zuoyebang.China has also stepped up efforts to regulate the online gaming industry, citing concerns over potentially violent and addictive games, putting pressure on companies such as Tencent and Netease   .(Reporting by Yingzhi Yang, Sophie Yu, Yilei Sun and Tony Munroe Editing by David Goodman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":1116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":340889557,"gmtCreate":1617371882279,"gmtModify":1634521203000,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/340889557","repostId":"2124753545","repostType":2,"repost":{"id":"2124753545","pubTimestamp":1617370205,"share":"https://www.laohu8.com/m/news/2124753545?lang=&edition=full","pubTime":"2021-04-02 21:30","market":"us","language":"zh","title":"100亿只是入场券，论造车烧钱速度，特斯拉也得服！","url":"https://stock-news.laohu8.com/highlight/detail?id=2124753545","media":"腾讯汽车","summary":"几天前，小米造车终于尘埃落定，将成立一家全资子公司负责智能电动汽车业务，集团CEO雷军也将兼任智能电动汽车业务的CEO。\n“雷布斯”亲自带队，首期投入百亿元，未来十年投资额百亿美元……尽管目前小米造车","content":"<p>几天前，小米造车终于尘埃落定，将成立一家全资子公司负责智能电动汽车业务，集团CEO雷军也将兼任智能电动汽车业务的CEO。</p>\n<p>“雷布斯”亲自带队，首期投入百亿元，未来十年投资额百亿美元……尽管目前小米造车只是刚刚启动，并无任何造车的细节信息披露，但发布会上雷军赌上一切All in造车的情怀和梦想，确实让人心潮澎湃。而围绕智能电动汽车，一场巨头们的造车“军备竞赛”，早已轰轰烈烈开始。<img src=\"https://static.tigerbbs.com/5f0a953a4d936a435263a856327095b6\" tg-width=\"554\" tg-height=\"592\" referrerpolicy=\"no-referrer\"><b>100亿到底够不够</b></p>\n<p>关于造车到底需要多少钱？尽管根据各家战略规划的不同，很难给出明确数字，但是从各路巨头的投入上还是能看出个大概。</p>\n<p>对于造车早期的投入，特斯拉和造车新势力“三强”或许会更有发言权。</p>\n<p>特斯拉从2003年成立到2008年首款车型Roadster交付，用了63个月。而在2003年至2008年间，特斯拉的累计融资额大约为1亿美元。这么看，似乎100亿元的启动资金绰绰有余。不过，考虑到当时特斯拉所在市场的竞争对手不多，而且当时的特斯拉已经濒临破产边缘，看不到明确的未来，因此这种“极限状态”的数字不太能成为参考。</p>\n<p>我们再来看一下国内造车新势力“三强”的情况。2020年，蔚来、理想、小鹏三家的年交付量分别为4.37万、3.26万和2.7万辆，都已度过了最初的发展阶段，逐渐步入正轨。<img src=\"https://static.tigerbbs.com/662a942e920ae06016469a0b30ec40e1\" tg-width=\"554\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><b>截止2020年，蔚来、理想、小鹏的融资额度分别为835亿、362亿和458亿元，现金储备分别为425亿、298.7亿和353.4亿。由于目前即使理想也只是刚刚实现扭亏转正，因此可以对上述数字简单相减，三家新势力创立至今分别花掉了410亿、63.3亿以及104.6亿。</b></p>\n<p>和“烧钱”的蔚来，以及“抠门”的理想相比，小米和小鹏在车型定位上可能更为接近，这么看来，前期投入100亿元步入正轨，还算是相对合理。</p>\n<p>不过，<b>如果放到十年的维度看，特斯拉从2010年上市至2020年间，包含研发、厂房设备、营销管理等方面累计投入超过2300亿元；</b>三家造车新势力未来每年仅在研发上的投入都将达到30亿-50亿元左右；而随着市场竞争的不断加剧，车企在营销层面的成本投入将会更多，这样看来，小米10年投入100亿美元，或许并不太够。</p>\n<p><b>巨头造车“军备竞赛”</b></p>\n<p>对于造车新势力而言，需要在生存和发展之间寻找一种平衡点。而对于在电动汽车领域被新势力们抢占先机的传统车企而言，投入更是有点“不计成本”。</p>\n<p>2019年，现代汽车<b>推出了未来5年约400亿美元的投资计划</b>，用于开发自动驾驶、电气化以及交通服务；</p>\n<p>2020年3月，宝马集团宣布，未来五年<b>投入300亿</b>欧元推进电气化技术研发；</p>\n<p>同月，<b>通用汽车宣布在2020年-2025年间，在电动车和自动驾驶领域投入超过200亿美元；</b></p>\n<p>2020年11月，大众汽车集团宣布，<b>未来五年对电动汽车、自动驾驶和相关未来技术的投资将增至约730亿欧元</b>，达到该公司截至2025年1500亿欧元预算的一半。</p>\n<p>2020年12月，<b>戴姆勒宣布，将在未来5年间投资700亿欧元在研发、不动产、工厂及设备领域，以加速电动化和数字化转型。</b></p>\n<p>今年2月，福特汽车宣布，<b>到2025年前公司在电动汽车和自动驾驶领域将投入290亿美元；</b></p>\n<p>国内车企方面，2019年7月，<b>一汽红旗发布2030技术发展战略规划，表示将投入1500亿资金用于新能源和智能网联技术研发，全面推动建设新能源智能网联超级平台。</b></p>\n<p>2020年12月<b>，东风集团创业板IPO募资210亿元，</b>招股书中透露全新岚图品牌高端新能源乘用车项目总投资110亿元，新一代汽车和前瞻技术开发项目总投资127亿元。<img src=\"https://static.tigerbbs.com/aafa2f2219bca3f71b63d9ed3033a722\" tg-width=\"424\" tg-height=\"238\" referrerpolicy=\"no-referrer\">当然，大手笔的并不仅仅是传统车企。3月25日，<b>恒大汽车在2020年全年业绩发布会上表示，目前在汽车领域累计投资已超过474亿元</b>，其中有249亿元主要用于整车研发设计、动力电池、自动驾驶及智能网联等领域，剩下的225亿元，则主要是工厂建设、设备采购和零部件采购等方面的投入。</p>\n<p><b>互联网企业的造车野心</b></p>\n<p>“不差钱”是小米造车的一大优势，也是互联网企业的普遍特征。也正因为如此，互联网企业对于造车这件事可谓觊觎已久。</p>\n<p>1月11日，百度宣布与吉利组建智能汽车公司，以整车制造商的身份进入汽车行业。据媒体报道<b>，早在2015年，百度对于自动驾驶的投入就达到200亿元</b>。围绕自动驾驶领域苦苦耕耘多年，为行业输送了大量自动驾驶领域人才后，百度终于从幕后走到台前。</p>\n<p>如今，智能电动汽车早已不再是蓝海。和当年造车新势力群雄逐鹿的局面不同，如今这个赛道上的，已是豪门云集，他们手握重兵，志在必得。</p>\n<p>面对巨头们动辄百亿美元级的投入，要想在这样的激烈竞争中杀出一条血路，100亿真的只是一张入场券。</p>","source":"tencent","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>100亿只是入场券，论造车烧钱速度，特斯拉也得服！</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\">\n100亿只是入场券，论造车烧钱速度，特斯拉也得服！\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 21:30 北京时间&nbsp;&nbsp;&nbsp;<a href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202104022116147a4dfee2&s=b><strong>腾讯汽车</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>几天前，小米造车终于尘埃落定，将成立一家全资子公司负责智能电动汽车业务，集团CEO雷军也将兼任智能电动汽车业务的CEO。\n“雷布斯”亲自带队，首期投入百亿元，未来十年投资额百亿美元……尽管目前小米造车只是刚刚启动，并无任何造车的细节信息披露，但发布会上雷军赌上一切All in造车的情怀和梦想，确实让人心潮澎湃。而围绕智能电动汽车，一场巨头们的造车“军备竞赛”，早已轰轰烈烈开始。100亿到底够不够\n...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202104022116147a4dfee2&s=b\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/662a942e920ae06016469a0b30ec40e1","relate_stocks":{"TSLA":"特斯拉","LI":"理想汽车","NIO":"蔚来","XPEV":"小鹏汽车","01810":"小米集团-W"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202104022116147a4dfee2&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2124753545","content_text":"几天前，小米造车终于尘埃落定，将成立一家全资子公司负责智能电动汽车业务，集团CEO雷军也将兼任智能电动汽车业务的CEO。\n“雷布斯”亲自带队，首期投入百亿元，未来十年投资额百亿美元……尽管目前小米造车只是刚刚启动，并无任何造车的细节信息披露，但发布会上雷军赌上一切All in造车的情怀和梦想，确实让人心潮澎湃。而围绕智能电动汽车，一场巨头们的造车“军备竞赛”，早已轰轰烈烈开始。100亿到底够不够\n关于造车到底需要多少钱？尽管根据各家战略规划的不同，很难给出明确数字，但是从各路巨头的投入上还是能看出个大概。\n对于造车早期的投入，特斯拉和造车新势力“三强”或许会更有发言权。\n特斯拉从2003年成立到2008年首款车型Roadster交付，用了63个月。而在2003年至2008年间，特斯拉的累计融资额大约为1亿美元。这么看，似乎100亿元的启动资金绰绰有余。不过，考虑到当时特斯拉所在市场的竞争对手不多，而且当时的特斯拉已经濒临破产边缘，看不到明确的未来，因此这种“极限状态”的数字不太能成为参考。\n我们再来看一下国内造车新势力“三强”的情况。2020年，蔚来、理想、小鹏三家的年交付量分别为4.37万、3.26万和2.7万辆，都已度过了最初的发展阶段，逐渐步入正轨。截止2020年，蔚来、理想、小鹏的融资额度分别为835亿、362亿和458亿元，现金储备分别为425亿、298.7亿和353.4亿。由于目前即使理想也只是刚刚实现扭亏转正，因此可以对上述数字简单相减，三家新势力创立至今分别花掉了410亿、63.3亿以及104.6亿。\n和“烧钱”的蔚来，以及“抠门”的理想相比，小米和小鹏在车型定位上可能更为接近，这么看来，前期投入100亿元步入正轨，还算是相对合理。\n不过，如果放到十年的维度看，特斯拉从2010年上市至2020年间，包含研发、厂房设备、营销管理等方面累计投入超过2300亿元；三家造车新势力未来每年仅在研发上的投入都将达到30亿-50亿元左右；而随着市场竞争的不断加剧，车企在营销层面的成本投入将会更多，这样看来，小米10年投入100亿美元，或许并不太够。\n巨头造车“军备竞赛”\n对于造车新势力而言，需要在生存和发展之间寻找一种平衡点。而对于在电动汽车领域被新势力们抢占先机的传统车企而言，投入更是有点“不计成本”。\n2019年，现代汽车推出了未来5年约400亿美元的投资计划，用于开发自动驾驶、电气化以及交通服务；\n2020年3月，宝马集团宣布，未来五年投入300亿欧元推进电气化技术研发；\n同月，通用汽车宣布在2020年-2025年间，在电动车和自动驾驶领域投入超过200亿美元；\n2020年11月，大众汽车集团宣布，未来五年对电动汽车、自动驾驶和相关未来技术的投资将增至约730亿欧元，达到该公司截至2025年1500亿欧元预算的一半。\n2020年12月，戴姆勒宣布，将在未来5年间投资700亿欧元在研发、不动产、工厂及设备领域，以加速电动化和数字化转型。\n今年2月，福特汽车宣布，到2025年前公司在电动汽车和自动驾驶领域将投入290亿美元；\n国内车企方面，2019年7月，一汽红旗发布2030技术发展战略规划，表示将投入1500亿资金用于新能源和智能网联技术研发，全面推动建设新能源智能网联超级平台。\n2020年12月，东风集团创业板IPO募资210亿元，招股书中透露全新岚图品牌高端新能源乘用车项目总投资110亿元，新一代汽车和前瞻技术开发项目总投资127亿元。当然，大手笔的并不仅仅是传统车企。3月25日，恒大汽车在2020年全年业绩发布会上表示，目前在汽车领域累计投资已超过474亿元，其中有249亿元主要用于整车研发设计、动力电池、自动驾驶及智能网联等领域，剩下的225亿元，则主要是工厂建设、设备采购和零部件采购等方面的投入。\n互联网企业的造车野心\n“不差钱”是小米造车的一大优势，也是互联网企业的普遍特征。也正因为如此，互联网企业对于造车这件事可谓觊觎已久。\n1月11日，百度宣布与吉利组建智能汽车公司，以整车制造商的身份进入汽车行业。据媒体报道，早在2015年，百度对于自动驾驶的投入就达到200亿元。围绕自动驾驶领域苦苦耕耘多年，为行业输送了大量自动驾驶领域人才后，百度终于从幕后走到台前。\n如今，智能电动汽车早已不再是蓝海。和当年造车新势力群雄逐鹿的局面不同，如今这个赛道上的，已是豪门云集，他们手握重兵，志在必得。\n面对巨头们动辄百亿美元级的投入，要想在这样的激烈竞争中杀出一条血路，100亿真的只是一张入场券。","news_type":1},"isVote":1,"tweetType":1,"viewCount":542,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":322874214,"gmtCreate":1615799231438,"gmtModify":1703493112829,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/322874214","repostId":"1147986042","repostType":4,"repost":{"id":"1147986042","pubTimestamp":1615796815,"share":"https://www.laohu8.com/m/news/1147986042?lang=&edition=full","pubTime":"2021-03-15 16:26","market":"us","language":"en","title":"Nio Stock Looks as if It Is Going to Stay Volatile for a While","url":"https://stock-news.laohu8.com/highlight/detail?id=1147986042","media":"InvestorPlace","summary":"The warning lights are still flashing on Nio stockNio (NYSE:NIO) stock has been decelerating lately.","content":"<p>The warning lights are still flashing on Nio stock</p><p><b>Nio</b>&nbsp;(NYSE:<b><u>NIO</u></b>) stock has been decelerating lately. Since early February, the shares have plunged from $60 to $45 — putting the market capitalization at $72 billion.&nbsp;Of course, NIO stock is still well above its low for the past 52 weeks, which was a mere $2 per share.</p><p>The fact is that this Chinese electric car operator has been able to pull off a stellar turnaround.&nbsp; Another catalyst has been the rebound in the economy.</p><p>Yet the EV (Electric Vehicle) sector is going through a re-assessment from Wall Street. Of course, there has been tremendous selling pressure on other companies like&nbsp;<b>Tesla</b>&nbsp;(NASDAQ:<b><u>TSLA</u></b>),<b>Xpeng</b>&nbsp;(NYSE:<b><u>XPEV</u></b>) and&nbsp;<b>Li Auto</b>&nbsp;(NASDAQ:<b><u>LI</u></b>).</p><p>OK then, what’s next? Could this be a buying opportunity? Or should investors hold off on NIO stock for now?</p><p>Here’s a look:</p><p><b>The Fundamentals and NIO Stock</b></p><p>Nio certainly had a robust fourth quarter. Revenues soared by 148% to $1.02 billion and the net loss was 14 cents a share, compared to a loss of 39 cents a share in the same period a year ago. The gross margin swung from -8.9% to 17.2%.</p><p>In terms of the balance sheet, it got stronger as well. The cash balance went from&nbsp;$3.3 billion to $6.5 billion on a sequential basis. The company was smart to raise some capital when NIO stock was surging.</p><p>But of course, expectations were extremely positive going into the earnings report. Thus, it really should not be any surprise that there was disappointment on Wall Street.</p><p><b>The Issues</b></p><p>Now there was something in the report that was a red flag – that is, the deliveries for January came in over 7,200. This was below the 7,400 needed to hit its quarterly objectives.</p><p>One reason for this could be the Lunar New Year holiday, in which a large part of the China essentially shuts down. But there may be another factor at work:&nbsp; the global shortage of semiconductors.</p><p>“The&nbsp;chip shortage&nbsp;which has impacted the overall global auto industry, as well as Tesla’s recent price cuts, have dented some positive market dynamics for NIO …although we believe this will be short-lived,” said Wedbush analyst Dan Ives.</p><p>But how long? It’s far from clear. But there are indications it could last throughout the year. And since Nio relies on third-party manufacturing, this could put the company at more risk.</p><p>Despite all this, Ives is still bullish on Nio stock as are a myriad of other Wall Street analysts. According to&nbsp;Tipranks.com, the average price target is $68, which assumes 79% upside from current levels.</p><p><b>Bottom Line on Nio Stock</b></p><p>The past year has definitely been an inflection point for Nio. The company was able to deal with its quality problems and ramp production.</p><p>Nio was also able to introduce some innovations. For example,&nbsp;in early January the company launched its ET7 vehicle, which is a sedan. It has a sleek design, strong performance and full-stack autonomous driving systems. And yes, the reception has been particularly strong.</p><p>The company has also been innovative with its business model. To this end, it sells its batteries on a subscription basis, which should provide a nice recurring revenue stream. The same will go for its AI systems.</p><p>However, in terms of NIO stock, I actually still think there should be caution. Even with the drop-off, the valuation is far from cheap. Consider that Nio stock is trading at roughly 20 times revenues. This is steep for a capital-intensive company.</p><p>For the most part, it seems a better approach is to be patient on this one, such as until there is more stability in the stock price.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock Looks as if It Is Going to Stay Volatile for a While</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Stock Looks as if It Is Going to Stay Volatile for a While\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 16:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/03/nio-stock-volatile-for-a-while/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The warning lights are still flashing on Nio stockNio (NYSE:NIO) stock has been decelerating lately. Since early February, the shares have plunged from $60 to $45 — putting the market capitalization ...</p>\n\n<a href=\"https://investorplace.com/2021/03/nio-stock-volatile-for-a-while/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://investorplace.com/2021/03/nio-stock-volatile-for-a-while/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147986042","content_text":"The warning lights are still flashing on Nio stockNio (NYSE:NIO) stock has been decelerating lately. Since early February, the shares have plunged from $60 to $45 — putting the market capitalization at $72 billion. Of course, NIO stock is still well above its low for the past 52 weeks, which was a mere $2 per share.The fact is that this Chinese electric car operator has been able to pull off a stellar turnaround.  Another catalyst has been the rebound in the economy.Yet the EV (Electric Vehicle) sector is going through a re-assessment from Wall Street. Of course, there has been tremendous selling pressure on other companies like Tesla (NASDAQ:TSLA),Xpeng (NYSE:XPEV) and Li Auto (NASDAQ:LI).OK then, what’s next? Could this be a buying opportunity? Or should investors hold off on NIO stock for now?Here’s a look:The Fundamentals and NIO StockNio certainly had a robust fourth quarter. Revenues soared by 148% to $1.02 billion and the net loss was 14 cents a share, compared to a loss of 39 cents a share in the same period a year ago. The gross margin swung from -8.9% to 17.2%.In terms of the balance sheet, it got stronger as well. The cash balance went from $3.3 billion to $6.5 billion on a sequential basis. The company was smart to raise some capital when NIO stock was surging.But of course, expectations were extremely positive going into the earnings report. Thus, it really should not be any surprise that there was disappointment on Wall Street.The IssuesNow there was something in the report that was a red flag – that is, the deliveries for January came in over 7,200. This was below the 7,400 needed to hit its quarterly objectives.One reason for this could be the Lunar New Year holiday, in which a large part of the China essentially shuts down. But there may be another factor at work:  the global shortage of semiconductors.“The chip shortage which has impacted the overall global auto industry, as well as Tesla’s recent price cuts, have dented some positive market dynamics for NIO …although we believe this will be short-lived,” said Wedbush analyst Dan Ives.But how long? It’s far from clear. But there are indications it could last throughout the year. And since Nio relies on third-party manufacturing, this could put the company at more risk.Despite all this, Ives is still bullish on Nio stock as are a myriad of other Wall Street analysts. According to Tipranks.com, the average price target is $68, which assumes 79% upside from current levels.Bottom Line on Nio StockThe past year has definitely been an inflection point for Nio. The company was able to deal with its quality problems and ramp production.Nio was also able to introduce some innovations. For example, in early January the company launched its ET7 vehicle, which is a sedan. It has a sleek design, strong performance and full-stack autonomous driving systems. And yes, the reception has been particularly strong.The company has also been innovative with its business model. To this end, it sells its batteries on a subscription basis, which should provide a nice recurring revenue stream. The same will go for its AI systems.However, in terms of NIO stock, I actually still think there should be caution. Even with the drop-off, the valuation is far from cheap. Consider that Nio stock is trading at roughly 20 times revenues. This is steep for a capital-intensive company.For the most part, it seems a better approach is to be patient on this one, such as until there is more stability in the stock price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":341630992,"gmtCreate":1617806817316,"gmtModify":1634296388086,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[可爱]&nbsp;","listText":"[可爱]&nbsp;","text":"[可爱]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/341630992","repostId":"1143956197","repostType":4,"isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":352716471,"gmtCreate":1617004419293,"gmtModify":1634523195108,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/352716471","repostId":"2123623819","repostType":2,"isVote":1,"tweetType":1,"viewCount":753,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":350303159,"gmtCreate":1616156902271,"gmtModify":1634526964856,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350303159","repostId":"1143733672","repostType":4,"repost":{"id":"1143733672","pubTimestamp":1616152692,"share":"https://www.laohu8.com/m/news/1143733672?lang=&edition=full","pubTime":"2021-03-19 19:18","market":"us","language":"en","title":"Why Is Everyone (Still) Talking About GameStop Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1143733672","media":"Motley Fool","summary":"It's a GameStop world. We're just living in it.GameStop(NYSE:GME)has to be 2021's most interesting s","content":"<blockquote><b>It's a GameStop world. We're just living in it.</b></blockquote><p><b>GameStop</b>(NYSE:GME)has to be 2021's most interesting stock. The video game retailer started to pick up momentum ahead of the launch of new game consoles from<b>Sony</b>and<b>Microsoft</b>last year, and over the past two months, short-squeeze mania and other big developments have led to incredible swings for the the company's share price.</p><p>GameStop's stock climbed as high as $483 per share during the height of short-squeeze mania. While the stock briefly returned to trading in the range of $50 per share, it's bounced back once again and traded at $201.75 at Thursday's close. That price represents a 971% increase year to date and a 4,715% increase from the $4.19 share price the stock had one year ago.</p><p>Why is GameStop surging, and what comes next?</p><p><b>How did we get here?</b></p><p>The start of GameStop's improbable, supercharged rally can be traced back to the introduction of Sony's PlayStation 5 console and Microsoft's Xbox Series X and Series S platforms in 2020. New console launches have historically led to a cyclical upcycle for GameStop's business and stock performance.</p><p>Pricing momentum created by the new hardware launches was further intensified by news that activist investor and<b>Chewy</b>co-founder Ryan Cohen was amassing a large stake in the company and would advocate for pushing the business toward an e-commerce focus.</p><p>From there, Reddit's WallStreetBets group began championing the stock as a potential target for a hugeshort squeeze. Social media users noticed that enormous short interest had amassed against GameStop -- and that a massive run for the stock could potentially be generated through a bit of favorable news and coordinated buying.</p><p>Prior to the first major short squeeze, GameStop had about 50 million shares of its stock outstanding. At the same time, roughly 70 million shares of the company's stock had been sold short -- meaning that investors had placed bets against more shares of the company's stock than actually existed.</p><p>Short interest exceeding the company's actual outstanding share count was made possible through a practice callednaked short selling, which allows bets to be placed against shares that haven't actually been borrowed. WallStreetBets members wound up being right about the squeeze, and GameStop bulls notched incredible gains as short-sellers were forced to buy back the stock at elevated levels in hopes of avoiding massive losses.</p><p>A combination of continued short-squeeze momentum and indications that the company would be aggressively pursuing its pivot to online retail have added new chapters to the story of GameStop's incredible rally, and it currently stands as one of the best-performing stocks of the year. Cohen has been appointed chairman of a new committee to accelerate the business's online retail push, a bounce for the stock has once again attracted new short interest, and theGameStopsaga rages on.</p><p><b>What's the shelf life of a \"meme stock?\"</b></p><p>A phenomenal surge in retail trading activity has helped bring about the rise of \"meme stocks\" -- a name given to equities that see huge momentum after gaining favor in online discussion communities. Sometimes these stocks wind up seeing big gains just by virtue of being the fad, or meme, of the moment, but many investors are now trading these companies solely on volatility and with no real concern for fundamentals.</p><p>GameStop is the reigning king of the meme stocks, and it could see more big gains with additional squeeze momentum. But what about the actual business and the online retail pivot?</p><p>GameStop has struggled for years as video game software sales have moved to digital channels, and the company has a lengthy history of failed growth bets under its belt.</p><p>Trying to move into smartphone and mobile service retail was a bust, as was its push into selling other non-gaming tech hardware. Hinging a big part of its growth story on geek culture merchandise (think T-shirts and<b>Funko</b>'s character figurines) didn't really pan out either. Efforts to move into video game software development and subscription service packages were duds, and recent experiments with turning some of its stores into esports social hubs seem unlikely to become a real growth driver.</p><p>Previous efforts to boost the company's online retail footprint were also somewhat underwhelming. It's possible that the company is finally ready to emerge as a leaner, more effective e-commerce business, and the company's appointment of Cohen to steer the pivot is encouraging. However, GameStop will have to manage the ongoing decline of its brick-and-mortar business and incur substantial expenses as its moves away from that segment and ramps up its e-commerce initiatives.</p><p>As the stock emerges from short-squeeze and meme-stock mania, the business is going to have to deliver an incredible series of wins in order to justify its current market capitalization of roughly $14 billion. The odds aren't in GameStop's favor, but it's shaping up to be an incredible story either way.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is Everyone (Still) Talking About GameStop Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Is Everyone (Still) Talking About GameStop Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 19:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/19/why-is-everyone-still-talking-about-gamestop-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's a GameStop world. We're just living in it.GameStop(NYSE:GME)has to be 2021's most interesting stock. The video game retailer started to pick up momentum ahead of the launch of new game consoles ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/19/why-is-everyone-still-talking-about-gamestop-stock/\">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.fool.com/investing/2021/03/19/why-is-everyone-still-talking-about-gamestop-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143733672","content_text":"It's a GameStop world. We're just living in it.GameStop(NYSE:GME)has to be 2021's most interesting stock. The video game retailer started to pick up momentum ahead of the launch of new game consoles fromSonyandMicrosoftlast year, and over the past two months, short-squeeze mania and other big developments have led to incredible swings for the the company's share price.GameStop's stock climbed as high as $483 per share during the height of short-squeeze mania. While the stock briefly returned to trading in the range of $50 per share, it's bounced back once again and traded at $201.75 at Thursday's close. That price represents a 971% increase year to date and a 4,715% increase from the $4.19 share price the stock had one year ago.Why is GameStop surging, and what comes next?How did we get here?The start of GameStop's improbable, supercharged rally can be traced back to the introduction of Sony's PlayStation 5 console and Microsoft's Xbox Series X and Series S platforms in 2020. New console launches have historically led to a cyclical upcycle for GameStop's business and stock performance.Pricing momentum created by the new hardware launches was further intensified by news that activist investor andChewyco-founder Ryan Cohen was amassing a large stake in the company and would advocate for pushing the business toward an e-commerce focus.From there, Reddit's WallStreetBets group began championing the stock as a potential target for a hugeshort squeeze. Social media users noticed that enormous short interest had amassed against GameStop -- and that a massive run for the stock could potentially be generated through a bit of favorable news and coordinated buying.Prior to the first major short squeeze, GameStop had about 50 million shares of its stock outstanding. At the same time, roughly 70 million shares of the company's stock had been sold short -- meaning that investors had placed bets against more shares of the company's stock than actually existed.Short interest exceeding the company's actual outstanding share count was made possible through a practice callednaked short selling, which allows bets to be placed against shares that haven't actually been borrowed. WallStreetBets members wound up being right about the squeeze, and GameStop bulls notched incredible gains as short-sellers were forced to buy back the stock at elevated levels in hopes of avoiding massive losses.A combination of continued short-squeeze momentum and indications that the company would be aggressively pursuing its pivot to online retail have added new chapters to the story of GameStop's incredible rally, and it currently stands as one of the best-performing stocks of the year. Cohen has been appointed chairman of a new committee to accelerate the business's online retail push, a bounce for the stock has once again attracted new short interest, and theGameStopsaga rages on.What's the shelf life of a \"meme stock?\"A phenomenal surge in retail trading activity has helped bring about the rise of \"meme stocks\" -- a name given to equities that see huge momentum after gaining favor in online discussion communities. Sometimes these stocks wind up seeing big gains just by virtue of being the fad, or meme, of the moment, but many investors are now trading these companies solely on volatility and with no real concern for fundamentals.GameStop is the reigning king of the meme stocks, and it could see more big gains with additional squeeze momentum. But what about the actual business and the online retail pivot?GameStop has struggled for years as video game software sales have moved to digital channels, and the company has a lengthy history of failed growth bets under its belt.Trying to move into smartphone and mobile service retail was a bust, as was its push into selling other non-gaming tech hardware. Hinging a big part of its growth story on geek culture merchandise (think T-shirts andFunko's character figurines) didn't really pan out either. Efforts to move into video game software development and subscription service packages were duds, and recent experiments with turning some of its stores into esports social hubs seem unlikely to become a real growth driver.Previous efforts to boost the company's online retail footprint were also somewhat underwhelming. It's possible that the company is finally ready to emerge as a leaner, more effective e-commerce business, and the company's appointment of Cohen to steer the pivot is encouraging. However, GameStop will have to manage the ongoing decline of its brick-and-mortar business and incur substantial expenses as its moves away from that segment and ramps up its e-commerce initiatives.As the stock emerges from short-squeeze and meme-stock mania, the business is going to have to deliver an incredible series of wins in order to justify its current market capitalization of roughly $14 billion. The odds aren't in GameStop's favor, but it's shaping up to be an incredible story either way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":328636358,"gmtCreate":1615518539574,"gmtModify":1703490331541,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/328636358","repostId":"2118931456","repostType":2,"repost":{"id":"2118931456","pubTimestamp":1615489080,"share":"https://www.laohu8.com/m/news/2118931456?lang=&edition=full","pubTime":"2021-03-12 02:58","market":"sh","language":"zh","title":"2月装车量同比增28倍 磷酸铁锂产业高歌猛进","url":"https://stock-news.laohu8.com/highlight/detail?id=2118931456","media":"新浪财经综合","summary":"　　2月装车量同比增28倍 磷酸铁锂产业高歌猛进。　　2020年东山再起的磷酸铁锂产业，进入2021年后开始高歌猛进。这个迅猛的发展势头，不仅从部分锂电池巨头密集加码投资公告可窥一斑，更直观的是装车数据暴涨，中国汽车工业协会最新透露，2月份磷酸铁锂电池装车量同比猛增28倍。　　3月11日，中汽协在汽车行业信息发布会上透露，2021年2月中国新能源汽车销量同比增长高达584.7%，2月中国磷酸铁锂电池共计装车2.2GWh，同比增长高达2826%。","content":"<html><body><div>\n<blockquote><p>　　炒股就看<a href=\"https://laohu8.com/S/603586\">金麒麟</a>分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！</p></blockquote> <p>　　<span>原标题：2月装车量同比增28倍 磷酸铁锂产业高歌猛进  </span></p>\n<p>　　<span>◎俞立严 ○编辑 全泽源</span></p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L\">2020年东山再起的磷酸铁锂产业，进入2021年后开始高歌猛进。这个迅猛的发展势头，不仅从部分</font><font cms-style=\"font-L\">锂电池</font><font cms-style=\"font-L\">巨头密集加码投资公告可窥一斑，更直观的是装车数据暴涨，</font><font cms-style=\"font-L\">中国汽车</font><font cms-style=\"font-L\">工业协会（简称：中汽协）最新透露，2月份磷酸铁锂电池装车量同比猛增28倍。</font></p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L\">3月11日，中汽协在汽车行业信息发布会上透露，2021年2月中</font><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/600617\">国新能源</a></span><span></span></font><font cms-style=\"font-L\">汽车销量同比增长高达584.7%，2月中国磷酸铁锂电池共计装车2.2GWh，同比增长高达2826%。业内专家认为，磷酸铁锂装车量有望反超三元电池。</font></p>\n<p cms-style=\"strong-Bold font-L\">　　<font cms-style=\"font-L strong-Bold\">磷酸铁锂电池装车量大增</font></p>\n<p cms-style=\"font-L\">　　根据中汽协数据，2021年1月至2月，我国汽车产销分别完成389.0万辆和395.8万辆，同比分别增长88.9%和76.2%。</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L\">新能源车方面，中国</font><font cms-style=\"font-L\">新能源汽车</font><font cms-style=\"font-L\">已连续8个月刷新当月产销历史纪录。2021年2月新能源汽车产销分别完成12.4万辆和11万辆，同比分别增长7.2倍和5.8倍。</font></p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L\">中汽协同时披露了2月动力电池月度信息。2月份</font><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/600482\">中国动力</a></span><span></span></font><font cms-style=\"font-L\">电池装车量5.6GWh，同比增长832.9%。其中三元电池共计装车3.3GWh，同比上升538.6%；磷酸铁锂电池共计装车2.2GWh，同比上升高达2826%。</font></p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L\">根据中汽协统计的1月至2月国内动力电池企业装车量排名，前十名依次是</font><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/300750\">宁德时代</a></span><span></span></font><font cms-style=\"font-L\">、</font><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/002594\">比亚迪</a></span><span></span></font><font cms-style=\"font-L\">、LG化学、中航锂电、</font><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/002074\">国轩高科</a></span><span></span></font><font cms-style=\"font-L\">、</font><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/688567\">孚能科技</a></span><span></span></font><font cms-style=\"font-L\">、蜂巢能源、</font><font cms-style=\"font-L\"><span><a href=\"https://laohu8.com/S/300014\">亿纬锂能</a></span><span></span></font><font cms-style=\"font-L\">、捷威动力、瑞浦能源。其中，宁德时代装车量为7.7GWh，占比达54.1%；比亚迪装车量为1.88 GWh，占比达13.2%。</font></p>\n<p cms-style=\"font-L\">　　2021年前两个月，中国动力电池装车量累计14.2GWh，同比增长388.6%。其中，三元电池装车量8.7GWh，占总装车量61.3%，同比增长315.5%；磷酸铁锂电池装车量5.5GWh，占总装车量38.6%，同比增长586.8%，呈现快速增长发展势头。</p>\n<p cms-style=\"strong-Bold font-L\">　　<font cms-style=\"font-L strong-Bold\">造车新势力青睐磷酸铁锂</font></p>\n<p cms-style=\"font-L\">　　磷酸铁锂市场占有率曾经低至12.8%，不少人认为磷酸铁锂电池将要消亡。业内专家指出，随着磷酸铁锂电池技术的快速进步，宁德时代、比亚迪、亿纬锂能等公司的磷酸铁锂电池在性能大幅提升的同时，已经具备较高安全性和较低成本的优势。此前作为主流新能源车动力电池的三元电池正“转攻为守”，而曾经长期弱势低迷的磷酸铁锂电池则呈快速逆袭之势。</p>\n<p cms-style=\"font-L\">　　<font cms-style=\"font-L\">与此同时，</font><font cms-style=\"font-L\"><a href=\"https://laohu8.com/S/TSLA\">特斯拉</a></font><font cms-style=\"font-L\">上海超级工厂和</font><font cms-style=\"font-L\"><a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a></font><font cms-style=\"font-L\">等电动车公司已开始显现明显的降本降价和改善利润的效果。小鹏汽车P7后驱标准续航车型和由</font><font cms-style=\"font-L\">海马</font><font cms-style=\"font-L\">汽车代工的G3车型采用了磷酸铁锂电池后，比三元锂电版成本下降近2万元。根据小鹏汽车3月8日披露的2020财年年报显示，公司实现了全年毛利率首次转正。</font></p>\n<p cms-style=\"font-L\">　　据了解，储能市场的爆发，也是拉动磷酸铁锂需求猛增的重要因素。与动力锂电池一样，储能锂电池大发展的核心原因是其性能提升、成本降低引起的规模化应用。</p>\n<p cms-style=\"font-L\">　　车企重新青睐磷酸铁锂电池，引爆了行业需求。为了赶订单进度，不少电池生产企业产线都是满负荷运行。国轩高科日前表示，公司正在加班加点提高磷酸铁锂电池产量。</p>\n<p cms-style=\"strong-Bold font-L\">　　<font cms-style=\"font-L strong-Bold\">锂电巨头纷纷加码投资</font></p>\n<p cms-style=\"font-L\">　　订单火爆又刺激锂电巨头加码投资磷酸铁锂项目。磷酸铁锂电池装车量已经排名第三的亿纬锂能3月10日公告，子公司惠州亿纬动力电池有限公司拟斥资不超过39亿元建设“乘用车锂离子动力电池项目（二期）”。此前2月份，惠州亿纬动力启动了“乘用车锂离子动力电池项目（一期）”和“xHEV电池系统项目（一期）”，投资金额分别为不超过10亿元、26亿元。</p>\n<p cms-style=\"font-L\">　　公告显示，二期项目建设内容为方形磷酸铁锂电池，建设期不超过18个月，占地面积约175亩。据悉，亿纬锂能动力电池客户有戴姆勒、现代起亚、小鹏、宝马、捷豹路虎，客户质量处于国内第一梯队。</p>\n<p cms-style=\"font-L\">　　磷酸铁锂电池装车量排名第二的比亚迪，则加紧从外部采购磷酸铁锂正极材料，这显露出公司刀片电池的需求火爆。新三板公司安达科技3月8日披露，比亚迪供应链管理有限公司近日与安达科技签署了《战略合作协议》，双方就磷酸铁锂供应、预定金支付等事宜，达成战略合作协议。安达科技须长期稳定以市场定价原则向比亚迪供应磷酸亚铁锂产品；比亚迪为此支付了2亿元预定金。</p>\n<p cms-style=\"font-L\">　　跟踪研究动力电池的罗兰贝格总监时帅说，磷酸铁锂电池的改进和推广对新能源电动车接受度有非常大的帮助，在保证续航和性能稳定等前提下，价格还比较低廉，未来发展值得期待。</p>\n<div>\n<span>扫二维码，3分钟极速开户&gt;&gt;</span>\n<img src=\"\"/>\n</div>\n<font>新浪声明：新浪网登载此文出于传递更多信息之目的，并不意味着赞同其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。</font>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在<a href=\"https://laohu8.com/S/SINA\">新浪</a>财经APP</div>\n</div>\n<p>责任编辑：王涵 </p>\n</div></body></html>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2月装车量同比增28倍 磷酸铁锂产业高歌猛进</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2月装车量同比增28倍 磷酸铁锂产业高歌猛进\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-12 02:58 北京时间&nbsp;&nbsp;&nbsp;<a href=https://finance.sina.com.cn/stock/hyyj/2021-03-12/doc-ikkntiak8783763.shtml><strong>新浪财经综合</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 　　原标题：2月装车量同比增28倍 磷酸铁锂产业高歌猛进  \n　　◎俞立严 ○编辑 全泽源\n　　2020年东山再起的磷酸铁锂产业，进入2021年后开始高歌猛进。这个迅猛的发展势头，不仅从部分锂电池巨头密集加码投资公告可窥一斑，更直观的是装车数据暴涨，中国汽车工业协会（简称：中汽协）最新透露，2月份磷酸铁锂电池装车量同比猛增...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/hyyj/2021-03-12/doc-ikkntiak8783763.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/aaf10f59d529fccc557480730989e342","relate_stocks":{"XPEV":"小鹏汽车","01211":"比亚迪股份"},"source_url":"https://finance.sina.com.cn/stock/hyyj/2021-03-12/doc-ikkntiak8783763.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2118931456","content_text":"炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 　　原标题：2月装车量同比增28倍 磷酸铁锂产业高歌猛进  \n　　◎俞立严 ○编辑 全泽源\n　　2020年东山再起的磷酸铁锂产业，进入2021年后开始高歌猛进。这个迅猛的发展势头，不仅从部分锂电池巨头密集加码投资公告可窥一斑，更直观的是装车数据暴涨，中国汽车工业协会（简称：中汽协）最新透露，2月份磷酸铁锂电池装车量同比猛增28倍。\n　　3月11日，中汽协在汽车行业信息发布会上透露，2021年2月中国新能源汽车销量同比增长高达584.7%，2月中国磷酸铁锂电池共计装车2.2GWh，同比增长高达2826%。业内专家认为，磷酸铁锂装车量有望反超三元电池。\n　　磷酸铁锂电池装车量大增\n　　根据中汽协数据，2021年1月至2月，我国汽车产销分别完成389.0万辆和395.8万辆，同比分别增长88.9%和76.2%。\n　　新能源车方面，中国新能源汽车已连续8个月刷新当月产销历史纪录。2021年2月新能源汽车产销分别完成12.4万辆和11万辆，同比分别增长7.2倍和5.8倍。\n　　中汽协同时披露了2月动力电池月度信息。2月份中国动力电池装车量5.6GWh，同比增长832.9%。其中三元电池共计装车3.3GWh，同比上升538.6%；磷酸铁锂电池共计装车2.2GWh，同比上升高达2826%。\n　　根据中汽协统计的1月至2月国内动力电池企业装车量排名，前十名依次是宁德时代、比亚迪、LG化学、中航锂电、国轩高科、孚能科技、蜂巢能源、亿纬锂能、捷威动力、瑞浦能源。其中，宁德时代装车量为7.7GWh，占比达54.1%；比亚迪装车量为1.88 GWh，占比达13.2%。\n　　2021年前两个月，中国动力电池装车量累计14.2GWh，同比增长388.6%。其中，三元电池装车量8.7GWh，占总装车量61.3%，同比增长315.5%；磷酸铁锂电池装车量5.5GWh，占总装车量38.6%，同比增长586.8%，呈现快速增长发展势头。\n　　造车新势力青睐磷酸铁锂\n　　磷酸铁锂市场占有率曾经低至12.8%，不少人认为磷酸铁锂电池将要消亡。业内专家指出，随着磷酸铁锂电池技术的快速进步，宁德时代、比亚迪、亿纬锂能等公司的磷酸铁锂电池在性能大幅提升的同时，已经具备较高安全性和较低成本的优势。此前作为主流新能源车动力电池的三元电池正“转攻为守”，而曾经长期弱势低迷的磷酸铁锂电池则呈快速逆袭之势。\n　　与此同时，特斯拉上海超级工厂和小鹏汽车等电动车公司已开始显现明显的降本降价和改善利润的效果。小鹏汽车P7后驱标准续航车型和由海马汽车代工的G3车型采用了磷酸铁锂电池后，比三元锂电版成本下降近2万元。根据小鹏汽车3月8日披露的2020财年年报显示，公司实现了全年毛利率首次转正。\n　　据了解，储能市场的爆发，也是拉动磷酸铁锂需求猛增的重要因素。与动力锂电池一样，储能锂电池大发展的核心原因是其性能提升、成本降低引起的规模化应用。\n　　车企重新青睐磷酸铁锂电池，引爆了行业需求。为了赶订单进度，不少电池生产企业产线都是满负荷运行。国轩高科日前表示，公司正在加班加点提高磷酸铁锂电池产量。\n　　锂电巨头纷纷加码投资\n　　订单火爆又刺激锂电巨头加码投资磷酸铁锂项目。磷酸铁锂电池装车量已经排名第三的亿纬锂能3月10日公告，子公司惠州亿纬动力电池有限公司拟斥资不超过39亿元建设“乘用车锂离子动力电池项目（二期）”。此前2月份，惠州亿纬动力启动了“乘用车锂离子动力电池项目（一期）”和“xHEV电池系统项目（一期）”，投资金额分别为不超过10亿元、26亿元。\n　　公告显示，二期项目建设内容为方形磷酸铁锂电池，建设期不超过18个月，占地面积约175亩。据悉，亿纬锂能动力电池客户有戴姆勒、现代起亚、小鹏、宝马、捷豹路虎，客户质量处于国内第一梯队。\n　　磷酸铁锂电池装车量排名第二的比亚迪，则加紧从外部采购磷酸铁锂正极材料，这显露出公司刀片电池的需求火爆。新三板公司安达科技3月8日披露，比亚迪供应链管理有限公司近日与安达科技签署了《战略合作协议》，双方就磷酸铁锂供应、预定金支付等事宜，达成战略合作协议。安达科技须长期稳定以市场定价原则向比亚迪供应磷酸亚铁锂产品；比亚迪为此支付了2亿元预定金。\n　　跟踪研究动力电池的罗兰贝格总监时帅说，磷酸铁锂电池的改进和推广对新能源电动车接受度有非常大的帮助，在保证续航和性能稳定等前提下，价格还比较低廉，未来发展值得期待。\n\n扫二维码，3分钟极速开户>>\n\n\n新浪声明：新浪网登载此文出于传递更多信息之目的，并不意味着赞同其观点或证实其描述。文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：王涵","news_type":1},"isVote":1,"tweetType":1,"viewCount":426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":351610613,"gmtCreate":1616593171032,"gmtModify":1634525039649,"author":{"id":"3577068381472100","authorId":"3577068381472100","name":"HuiEr","avatar":"https://static.tigerbbs.com/dc757214722cde01272e2656433b40a8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;[惊讶]&nbsp;","listText":"[惊讶]&nbsp;[惊讶]&nbsp;","text":"[惊讶] 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