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2021-06-30

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5 SPACs To Watch In The Second Half 2021

2021-06-24

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to watchlist","listText":"Add to watchlist","text":"Add to watchlist","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153223319","repostId":"1146217494","repostType":4,"repost":{"id":"1146217494","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":1624980536,"share":"https://www.laohu8.com/m/news/1146217494?lang=&edition=full","pubTime":"2021-06-29 23:28","market":"us","language":"en","title":"5 SPACs To Watch In The Second Half 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1146217494","media":"Benzinga","summary":"As the close of the first half of 2021 nears, investors have a chance to look at some companies that","content":"<p>As the close of the 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Lucid Motors has not announced a date for the merger vote, which could be another catalyst for shareholders to watch.</p>\n<p><b>Altimeter Growth Corp:</b>&nbsp;The large Southeast Asian delivery, mobility and financial services company Grab&nbsp;announced&nbsp;a SPAC deal with&nbsp;<b>Altimeter Growth Corp</b>&nbsp;in one of the largest offerings for a company from the region in the U.S.</p>\n<p>Grab is the category leader for online food delivery, ride-hail and digital wallets in Southeast Asia. The company had gross merchandising value of $12.5 billion in 2020, which came in ahead of pre-pandemic levels.</p>\n<p>Over 670 million people live in Southeast Asia, which could give Grab a significant runway for future growth in its existing and new segments. 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The deal valued Lucid Motors at $24 billion based on a pricing of $15 for the PIPE on the deal.</p>\n<p>Lucid Motors is&nbsp;set&nbsp;to launch the Lucid Air sedan in the second half of 2021. There were over 7,500 reservations of the Lucid Air in February representing $650 million in sales for Lucid Motors.</p>\n<p>The company’s production capabilities are 34,000 units annually, with expansion plans that would take the company to 365,000 units annually. Announced future models include the Lucid Gravity SUV in 2023 and plans for more sedan and SUVs in the future.</p>\n<p>Shares of CCIV had hit a high of $64.86 before falling below the $20 level. Shares traded over the $30 level shortly in March and have not reached that level again.</p>\n<p>With several catalysts coming in the second half of 2021, CCIV shares could see strong performance. Lucid Motors has not announced a date for the merger vote, which could be another catalyst for shareholders to watch.</p>\n<p><b>Altimeter Growth Corp:</b>&nbsp;The large Southeast Asian delivery, mobility and financial services company Grab&nbsp;announced&nbsp;a SPAC deal with&nbsp;<b>Altimeter Growth Corp</b>&nbsp;in one of the largest offerings for a company from the region in the U.S.</p>\n<p>Grab is the category leader for online food delivery, ride-hail and digital wallets in Southeast Asia. The company had gross merchandising value of $12.5 billion in 2020, which came in ahead of pre-pandemic levels.</p>\n<p>Over 670 million people live in Southeast Asia, which could give Grab a significant runway for future growth in its existing and new segments. Online food delivery penetration and digital wallets are smaller in market size in Asia than in&nbsp;regions like the U.S.</p>\n<p>The deal is expected to be completed in the later part of 2021, which could see shares trade favorably in the second half of 2021.</p>\n<p><b>Chamath SPACs:</b>One of the top names in the SPAC world still has two SPACs searching for targets. Chamath Palihapitiya’s&nbsp;<b>Social Capital Hedosophia Holdings Corp IV</b>&nbsp;and&nbsp;<b>Social Capital Hedosophia Holdings Corp VI</b>&nbsp;are SPACs that could perform well in the second half of 2021.</p>\n<p>IPOD has no rumors attached to it, while IPOF isrumoredto be bringing gym owner and&nbsp;<b>Peloton Interactive</b>&nbsp;rival Equinox public.</p>\n<p>IPOD&nbsp;raised&nbsp;$400 million and has the former CEO and co-founder of NextDoor to help pick a target.</p>\n<p>Dick Costolo, the former CEO of&nbsp;<b>Twitter Inc</b>&nbsp;from 2010 to 2015, is helping the $1-billion IPOF select a target.</p>\n<p>Palihapitiya recently&nbsp;filed&nbsp;for four biotech SPACs. That could mean deals are close to being announced for IPOD and IPOF — or he could have six active SPACs searching for targets later this year.</p>\n<p><b>Trident Acquisitions Corp:</b>One trend that has played out for SPACs in 2021 is that some well-known brands or companies trade better when they have the new name and ticker.</p>\n<p>The same could happen for Lottery.com, which is merging with&nbsp;<b>Trident Acquisitions Corp</b> and will trade under new ticker LTRY.</p>\n<p>Lottery.com&nbsp;has&nbsp;facilities in 12 states and plans to add six more in 2021, CEO Tony DiMatteo told Benzinga.</p>\n<p>A potential catalyst for the company is its acquisition of the sports.com domain and intentions to enter the sports betting market.<b>DraftKings Inc</b>&nbsp;CEO Jason Robins serves on the company’s advisory board.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IPOD":"Social Capital Hedosophia Holdings Corp. IV","IPOF":"Social Capital Hedosophia Holdings Corp VI"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146217494","content_text":"As the close of the first half of 2021 nears, investors have a chance to look at some companies that could have big moves in the second half of 2021.\nHere is a look at five SPACs to watch in the second half of 2021.\nChurchill Capital Corp IV:Electric vehicle company Lucid Motors ismergingwith Churchill Capital Corp IV in a deal that has been one of the most discussed of its kind. The deal valued Lucid Motors at $24 billion based on a pricing of $15 for the PIPE on the deal.\nLucid Motors is set to launch the Lucid Air sedan in the second half of 2021. There were over 7,500 reservations of the Lucid Air in February representing $650 million in sales for Lucid Motors.\nThe company’s production capabilities are 34,000 units annually, with expansion plans that would take the company to 365,000 units annually. Announced future models include the Lucid Gravity SUV in 2023 and plans for more sedan and SUVs in the future.\nShares of CCIV had hit a high of $64.86 before falling below the $20 level. Shares traded over the $30 level shortly in March and have not reached that level again.\nWith several catalysts coming in the second half of 2021, CCIV shares could see strong performance. Lucid Motors has not announced a date for the merger vote, which could be another catalyst for shareholders to watch.\nAltimeter Growth Corp: The large Southeast Asian delivery, mobility and financial services company Grab announced a SPAC deal with Altimeter Growth Corp in one of the largest offerings for a company from the region in the U.S.\nGrab is the category leader for online food delivery, ride-hail and digital wallets in Southeast Asia. The company had gross merchandising value of $12.5 billion in 2020, which came in ahead of pre-pandemic levels.\nOver 670 million people live in Southeast Asia, which could give Grab a significant runway for future growth in its existing and new segments. Online food delivery penetration and digital wallets are smaller in market size in Asia than in regions like the U.S.\nThe deal is expected to be completed in the later part of 2021, which could see shares trade favorably in the second half of 2021.\nChamath SPACs:One of the top names in the SPAC world still has two SPACs searching for targets. Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp IV and Social Capital Hedosophia Holdings Corp VI are SPACs that could perform well in the second half of 2021.\nIPOD has no rumors attached to it, while IPOF isrumoredto be bringing gym owner and Peloton Interactive rival Equinox public.\nIPOD raised $400 million and has the former CEO and co-founder of NextDoor to help pick a target.\nDick Costolo, the former CEO of Twitter Inc from 2010 to 2015, is helping the $1-billion IPOF select a target.\nPalihapitiya recently filed for four biotech SPACs. That could mean deals are close to being announced for IPOD and IPOF — or he could have six active SPACs searching for targets later this year.\nTrident Acquisitions Corp:One trend that has played out for SPACs in 2021 is that some well-known brands or companies trade better when they have the new name and ticker.\nThe same could happen for Lottery.com, which is merging with Trident Acquisitions Corp and will trade under new ticker LTRY.\nLottery.com has facilities in 12 states and plans to add six more in 2021, CEO Tony DiMatteo told Benzinga.\nA potential catalyst for the company is its acquisition of the sports.com domain and intentions to enter the sports betting market.DraftKings Inc CEO Jason Robins serves on the company’s advisory board.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126970561,"gmtCreate":1624543270653,"gmtModify":1631890272231,"author":{"id":"3577330790701186","authorId":"3577330790701186","name":"NAIISE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577330790701186","idStr":"3577330790701186"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126970561","repostId":"2145704596","repostType":4,"isVote":1,"tweetType":1,"viewCount":209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194902200,"gmtCreate":1621331135700,"gmtModify":1631890272233,"author":{"id":"3577330790701186","authorId":"3577330790701186","name":"NAIISE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577330790701186","idStr":"3577330790701186"},"themes":[],"htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/194902200","repostId":"1197358072","repostType":4,"repost":{"id":"1197358072","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621330963,"share":"https://www.laohu8.com/m/news/1197358072?lang=&edition=full","pubTime":"2021-05-18 17:42","market":"us","language":"en","title":"Baidu's 1Q Results Beat Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1197358072","media":"Tiger Newspress","summary":"Baidu, Inc. today announced its unaudited financial results for the first quarter ended March 31, 20","content":"<p>Baidu, Inc.&nbsp;today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p>“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”</p><p>“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&amp;D and operations to support the rapid growth of our AIpowered business.”</p><p><img src=\"https://static.tigerbbs.com/afb3caa729e48033c7dab8a4f9a02037\" tg-width=\"1187\" tg-height=\"697\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/15444e314a05131c16849f758e6776ea\" tg-width=\"1186\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>Baidu&nbsp;stock&nbsp;surged&nbsp;3.6%&nbsp;in aftermarket trading.</p><p><img src=\"https://static.tigerbbs.com/527d3dc60d4d86fc726bc558f46055cb\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>Other Highlights</b></p><p><b><i>Corporate</i></b></p><ul><li>Baidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021report<i>Clean Cloud: Tracking Renewable Energy Use inChina'sTech Industry</i>.</li><li>Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).</li><li>OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.</li><li>Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.</li></ul><p><b><i>AI Cloud</i></b></p><ul><li>Baidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.</li><li>Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.</li><li>A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.</li><li>Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.</li><li>Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.</li><li>Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.</li></ul><p><b><i>Intelligent Driving</i></b></p><ul><li>Apollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.</li><li>Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).</li><li>Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.</li><li>Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.</li><li>The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.</li><li>Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.</li><li>Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.</li><li>Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.</li><li>DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.</li></ul><p><b><i>Other Growth Initiatives</i></b></p><ul><li>DuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.</li><li>Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.</li><li>Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.</li><li>Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.</li></ul><p><i>Mobile Ecosystem</i></p><ul><li>Baidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.</li><li>Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:</li><li>BJH publisher accounts grew 40% year over year to reached 4.2 million.</li><li>Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; and</li><li>Revenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.</li></ul><p><b><i>iQIYI</i></b></p><p>iQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.</p><p><b>First Quarter 2021 Results</b></p><p><b>Total revenues</b>wereRMB 28.1 billion($4.29 billion), increasing 25% year over year.</p><ul><li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 20.5 billion($3.13 billion), increasing 34% year over year.<b>Online marketing revenue</b>&nbsp;was&nbsp;RMB 16.3 billion($2.48 billion), up 27% year over year.<b>Non-marketing revenue</b>&nbsp;was&nbsp;RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.</li><li><b>Revenue from iQIYI</b>&nbsp;was&nbsp;RMB 8.0 billion($1.22 billion), increasing 4% year over year.</li></ul><p><b>Cost of revenues</b>&nbsp;was&nbsp;RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.</p><p><b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.</p><p><b>Research and development expense</b>wasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.</p><p><b>Operating income</b>&nbsp;was&nbsp;RMB 2.8 billion($426 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.4 billion($666 million).<b>Non-GAAP Baidu Core operating income</b>&nbsp;was&nbsp;RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.</p><p><b>Total other income, net</b>&nbsp;was&nbsp;RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments,&nbsp;mainly&nbsp;including a gain from the investment in Kuaishou Technology.</p><p><b>Income tax expense</b>&nbsp;was&nbsp;RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.</p><p><b>Net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).<b>Net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 26.4 billion($4.02 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 4.9 billion($743 million).</p><p><b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 5.9 billion&nbsp;($901 million).<b>Adjusted EBITDA for Baidu Core</b>wasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.</p><p>As ofMarch 31, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 172.9 billion($26.40 billion), and&nbsp;<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 159.6 billion($24.37 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 2.6 billion($400 million), and&nbsp;<b>free cash flow excluding iQIYI</b>&nbsp;was&nbsp;RMB 4.0 billion($615 million).</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nBaidu's 1Q Results Beat Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-18 17:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Baidu, Inc.&nbsp;today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p>“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”</p><p>“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&amp;D and operations to support the rapid growth of our AIpowered business.”</p><p><img src=\"https://static.tigerbbs.com/afb3caa729e48033c7dab8a4f9a02037\" tg-width=\"1187\" tg-height=\"697\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/15444e314a05131c16849f758e6776ea\" tg-width=\"1186\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>Baidu&nbsp;stock&nbsp;surged&nbsp;3.6%&nbsp;in aftermarket trading.</p><p><img src=\"https://static.tigerbbs.com/527d3dc60d4d86fc726bc558f46055cb\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>Other Highlights</b></p><p><b><i>Corporate</i></b></p><ul><li>Baidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021report<i>Clean Cloud: Tracking Renewable Energy Use inChina'sTech Industry</i>.</li><li>Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).</li><li>OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.</li><li>Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.</li></ul><p><b><i>AI Cloud</i></b></p><ul><li>Baidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.</li><li>Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.</li><li>A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.</li><li>Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.</li><li>Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.</li><li>Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.</li></ul><p><b><i>Intelligent Driving</i></b></p><ul><li>Apollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.</li><li>Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).</li><li>Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.</li><li>Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.</li><li>The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.</li><li>Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.</li><li>Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.</li><li>Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.</li><li>DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.</li></ul><p><b><i>Other Growth Initiatives</i></b></p><ul><li>DuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.</li><li>Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.</li><li>Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.</li><li>Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.</li></ul><p><i>Mobile Ecosystem</i></p><ul><li>Baidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.</li><li>Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:</li><li>BJH publisher accounts grew 40% year over year to reached 4.2 million.</li><li>Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; and</li><li>Revenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.</li></ul><p><b><i>iQIYI</i></b></p><p>iQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.</p><p><b>First Quarter 2021 Results</b></p><p><b>Total revenues</b>wereRMB 28.1 billion($4.29 billion), increasing 25% year over year.</p><ul><li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 20.5 billion($3.13 billion), increasing 34% year over year.<b>Online marketing revenue</b>&nbsp;was&nbsp;RMB 16.3 billion($2.48 billion), up 27% year over year.<b>Non-marketing revenue</b>&nbsp;was&nbsp;RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.</li><li><b>Revenue from iQIYI</b>&nbsp;was&nbsp;RMB 8.0 billion($1.22 billion), increasing 4% year over year.</li></ul><p><b>Cost of revenues</b>&nbsp;was&nbsp;RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.</p><p><b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.</p><p><b>Research and development expense</b>wasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.</p><p><b>Operating income</b>&nbsp;was&nbsp;RMB 2.8 billion($426 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.4 billion($666 million).<b>Non-GAAP Baidu Core operating income</b>&nbsp;was&nbsp;RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.</p><p><b>Total other income, net</b>&nbsp;was&nbsp;RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments,&nbsp;mainly&nbsp;including a gain from the investment in Kuaishou Technology.</p><p><b>Income tax expense</b>&nbsp;was&nbsp;RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.</p><p><b>Net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).<b>Net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 26.4 billion($4.02 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 4.9 billion($743 million).</p><p><b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 5.9 billion&nbsp;($901 million).<b>Adjusted EBITDA for Baidu Core</b>wasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.</p><p>As ofMarch 31, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 172.9 billion($26.40 billion), and&nbsp;<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 159.6 billion($24.37 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 2.6 billion($400 million), and&nbsp;<b>free cash flow excluding iQIYI</b>&nbsp;was&nbsp;RMB 4.0 billion($615 million).</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197358072","content_text":"Baidu, Inc. today announced its unaudited financial results for the first quarter ended March 31, 2021.“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&D and operations to support the rapid growth of our AIpowered business.”Baidu stock surged 3.6% in aftermarket trading.Other HighlightsCorporateBaidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021reportClean Cloud: Tracking Renewable Energy Use inChina'sTech Industry.Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.AI CloudBaidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.Intelligent DrivingApollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.Other Growth InitiativesDuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.Mobile EcosystemBaidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:BJH publisher accounts grew 40% year over year to reached 4.2 million.Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; andRevenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.iQIYIiQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.First Quarter 2021 ResultsTotal revenueswereRMB 28.1 billion($4.29 billion), increasing 25% year over year.Revenue from Baidu Core was RMB 20.5 billion($3.13 billion), increasing 34% year over year.Online marketing revenue was RMB 16.3 billion($2.48 billion), up 27% year over year.Non-marketing revenue was RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.Revenue from iQIYI was RMB 8.0 billion($1.22 billion), increasing 4% year over year.Cost of revenues was RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.Selling, general and administrative expenses were RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.Research and development expensewasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.Operating income was RMB 2.8 billion($426 million).Baidu Core operating income was RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.Non-GAAP operating income was RMB 4.4 billion($666 million).Non-GAAP Baidu Core operating income was RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.Total other income, net was RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments, mainly including a gain from the investment in Kuaishou Technology.Income tax expense was RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.Net income attributable to Baidu was RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).Net income attributable to Baidu Core was RMB 26.4 billion($4.02 billion).Non-GAAP net income attributable to Baidu was RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).Non-GAAP net income attributable to Baidu Core was RMB 4.9 billion($743 million).Adjusted EBITDA was RMB 5.9 billion ($901 million).Adjusted EBITDA for Baidu CorewasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.As ofMarch 31, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 172.9 billion($26.40 billion), and cash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 159.6 billion($24.37 billion).Free cash flow was RMB 2.6 billion($400 million), and free cash flow excluding iQIYI was RMB 4.0 billion($615 million).","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376698972,"gmtCreate":1619106615596,"gmtModify":1631890272262,"author":{"id":"3577330790701186","authorId":"3577330790701186","name":"NAIISE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577330790701186","idStr":"3577330790701186"},"themes":[],"htmlText":"No way nikola","listText":"No way nikola","text":"No way nikola","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/376698972","repostId":"1172040780","repostType":4,"repost":{"id":"1172040780","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":1619096972,"share":"https://www.laohu8.com/m/news/1172040780?lang=&edition=full","pubTime":"2021-04-22 21:09","market":"us","language":"en","title":"3 EV Stocks That Are At Important Support Levels And Could Rebound","url":"https://stock-news.laohu8.com/highlight/detail?id=1172040780","media":"Benzinga","summary":"Electric vehicle companies NIO Inc. ,Tesla,Inc. , and Nikola Corporation  are all trading close to support. This means there is a good chance they rally.Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay h","content":"<p><img src=\"https://static.tigerbbs.com/c1474f81bdbd94c87c3c2fd7c6b2c663\" tg-width=\"1200\" tg-height=\"630\"></p>\n<p>Electric vehicle companies&nbsp;<b>NIO Inc.</b>&nbsp;(NYSE:NIO),<b>Tesla</b>,<b>Inc.</b>&nbsp;(NASDAQ:TSLA), and&nbsp;<b>Nikola Corporation</b>&nbsp;(NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.</p>\n<p>Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.</p>\n<p>Downtrends end when they reach support levels.</p>\n<p>Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.</p>\n<p>Nio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.</p>\n<p><img src=\"https://static.tigerbbs.com/0f08d2b7d5a4ce9f09e0f8a96d111469\" tg-width=\"1528\" tg-height=\"816\"></p>\n<p>Tesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.</p>\n<p>This happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.</p>\n<p>As a result, buy orders are placed at a level that had been resistance, which&nbsp;will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.</p>\n<p><img src=\"https://static.tigerbbs.com/16bc657cff0abad9f5cbacb644ad799c\" tg-width=\"1519\" tg-height=\"821\"></p>\n<p>Shares of Nikola have come full circle.</p>\n<p>Last April, they were trading around $10 and&nbsp;soared to more than $90 in June.&nbsp;Since then, the stock has&nbsp;trended lower and is&nbsp;trading at $10 once again.</p>\n<p>There’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance&nbsp;shares stage some type of rebound.</p>\n<p><img src=\"https://static.tigerbbs.com/4eac22ac2bd93e4ebad3120cc1f95348\" tg-width=\"1526\" tg-height=\"812\"></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>3 EV Stocks That Are At Important Support Levels And Could Rebound</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 EV Stocks That Are At Important Support Levels And Could Rebound\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-22 21:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/c1474f81bdbd94c87c3c2fd7c6b2c663\" tg-width=\"1200\" tg-height=\"630\"></p>\n<p>Electric vehicle companies&nbsp;<b>NIO Inc.</b>&nbsp;(NYSE:NIO),<b>Tesla</b>,<b>Inc.</b>&nbsp;(NASDAQ:TSLA), and&nbsp;<b>Nikola Corporation</b>&nbsp;(NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.</p>\n<p>Support is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.</p>\n<p>Downtrends end when they reach support levels.</p>\n<p>Sometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.</p>\n<p>Nio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.</p>\n<p><img src=\"https://static.tigerbbs.com/0f08d2b7d5a4ce9f09e0f8a96d111469\" tg-width=\"1528\" tg-height=\"816\"></p>\n<p>Tesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.</p>\n<p>This happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.</p>\n<p>As a result, buy orders are placed at a level that had been resistance, which&nbsp;will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.</p>\n<p><img src=\"https://static.tigerbbs.com/16bc657cff0abad9f5cbacb644ad799c\" tg-width=\"1519\" tg-height=\"821\"></p>\n<p>Shares of Nikola have come full circle.</p>\n<p>Last April, they were trading around $10 and&nbsp;soared to more than $90 in June.&nbsp;Since then, the stock has&nbsp;trended lower and is&nbsp;trading at $10 once again.</p>\n<p>There’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance&nbsp;shares stage some type of rebound.</p>\n<p><img src=\"https://static.tigerbbs.com/4eac22ac2bd93e4ebad3120cc1f95348\" tg-width=\"1526\" tg-height=\"812\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉","NKLA":"Nikola Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172040780","content_text":"Electric vehicle companies NIO Inc. (NYSE:NIO),Tesla,Inc. (NASDAQ:TSLA), and Nikola Corporation (NASDAQ:NKLA) are all trading close to support. This means there is a good chance they rally.\nSupport is a concentration of buyers who have gathered at the same price level. At support levels, there is more demand for the stock than there is supply. Sellers can sell all they need to with no fear of pushing the price lower.\nDowntrends end when they reach support levels.\nSometimes, stocks rally after they fall to support. This happens when some of the market participants decide to pay higher prices. These investors think the large buyers who created the support will eventually drive the stock higher. They want to get ahead of them.\nNio has held support around the $35 level. It also reached this level in early and mid-March. Both times, a small rebound followed and that could happen again.\n\nTesla has held support around the $700 level. There is support at $700 because it was a resistance level and levels that were resistance can turn into support.\nThis happens because many of the investors who sold their shares at $700 believe they made a mistake when the shares traded higher afterward. A number of these investors decide to buy the stock back, but they will only do so if they can get it for the same price they sold at.\nAs a result, buy orders are placed at a level that had been resistance, which will create support. If there are enough of these buy orders, the level will turn into a support level. That’s the case here.\n\nShares of Nikola have come full circle.\nLast April, they were trading around $10 and soared to more than $90 in June. Since then, the stock has trended lower and is trading at $10 once again.\nThere’s support at $10 because investors like to place their orders at even numbers. After the steep decline, there's a chance shares stage some type of rebound.","news_type":1},"isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371406696,"gmtCreate":1618963991315,"gmtModify":1631890272271,"author":{"id":"3577330790701186","authorId":"3577330790701186","name":"NAIISE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577330790701186","idStr":"3577330790701186"},"themes":[],"htmlText":"So what’s the obvious?","listText":"So what’s the obvious?","text":"So what’s the obvious?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/371406696","repostId":"1185015358","repostType":2,"repost":{"id":"1185015358","pubTimestamp":1618900475,"share":"https://www.laohu8.com/m/news/1185015358?lang=&edition=full","pubTime":"2021-04-20 14:34","market":"us","language":"en","title":"'Almost Can't Keep Up': Palantir Demo Day Affirms The Obvious","url":"https://stock-news.laohu8.com/highlight/detail?id=1185015358","media":"seekingalpha","summary":"Summary\n\nPalantir's Double Click event was not aimed at investors, but the street should take note. ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Palantir's Double Click event was not aimed at investors, but the street should take note. After a somewhat banal demo day in January, this was a serious tour de force.</li>\n <li>Palantir demonstrated how Foundry can have a transformative impact in two entirely different industries. This included interesting granular details.</li>\n <li>Palantir has a massive head start in an entirely new class of 'data OS' software. The entry of new competitors is a sign that demand is rising rapidly.</li>\n <li>Splunk's CTO resigned the next day. Coincidence?</li>\n</ul>\n<p>Last week Palantir(NYSE:PLTR)held the first of what is to be a series of demo events dubbed \"Double Click\". Streaming to an audience of just 3.4k, this event was not aimed at investors and street analysts. It was instead a deep dive aimed at management teams and policymakers assessing potential Palantir deployments. In this article, we will summarize this event, discuss its implications, and contextualize Palantir's leading position in what is now one of the hottest areas of enterprise software.</p>\n<blockquote>\n <i>Today we're building on our inaugural demo day back in January. That event brought exceptional interest in our platform from around the globe, but in particular incredible demand in the US where we just almost can't keep up....Our two platforms, Gotham and Foundry - They're operating systems for the modern enterprise. Gotham provides an end-to-end solution, from space to mud, that integrates every single sensor, every single shooter, for US and Allied defense around the world. It is a single platform that helps you understand decide and act.Foundry is by analogy that same operating system for the enterprise. It helps you understand, decide, and act. It isn't just about analytics. It's about decisions. About making better decisions.It's not just about being more efficient. It's about winning. Winning by generating sustainable alpha by outlearning the competition, and only foundry can do this. It is a completely unique offering.-Shyam Sankar, Palantir COO</i>\n</blockquote>\n<p>Sankar also detailed the critical role that Palantir's software has played in the UK's pandemic response. The NHS has used Palantir's Foundry to manage the distribution of 7.5B PPE items. The NHS has gone on to use Palantir to manage the distribution of 33M+ vaccines, hundreds of SKUs of related supplies, across 2,500 vaccination sites. All of this incorporates Palantir's privacy protections, annealing theUK's strict data privacy regulations.</p>\n<p>Far from being some sort of log aggregator or data visualization tool, this demo illustrated how powerful Palantir's software, specifically Foundry, truly is. Whereas Palantirpreviously coveredthe more mundane and granular details of data integration and technical aspects of Palantir Apollo back in January, this was an exciting walkthrough of use-cases and applications.</p>\n<p>It's difficult to understate exactly how good it was. It was a serious tour de force. Expect analysts covering Palantir to take note. We've come a long way from a time when CNBC wasspeculating that Palantir might be some sort of 'consulting services' company.</p>\n<p>Life Sciences</p>\n<p><img src=\"https://static.tigerbbs.com/92bbaacbc77cbdeb3f0f7247cdca929b\" tg-width=\"640\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><i>(Image source: Palantir)</i></p>\n<p>The first of two industries covered, Palantir made the case for Foundry's role in health sciences to be expanded beyond its current use in managing sensitive data surrounding the pandemic. Palantir covered how the same tools could accelerate clinical research, by demonstrating how sensitive health data could be analyzed in a way that complies with understandably strict regulations.</p>\n<p>The demo walked through the development of a hypothetical prognostic model for lung cancer, starting with data governance. Where Facebook(NASDAQ:FB)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL)have sought to simplyseize healthcare data in a clandestine format(the same way Google posted pictures of everyone's house online without their permission and used scale to make it seem normal), Palantir has built a platform that empowers data owners to work with researchers. They're in control.</p>\n<p>On top of arobust suite of anonymization techniques, data governance teams have complete transparency into who has access to what data and why. This team assesses the researcher's request for data and makes sure that the access given is appropriate. This can be programmed to meet the desired data governance protocols.</p>\n<p>Once a researcher has access to the relevant data, they must develop a prognostic model. Foundry enables this process to be drastically accelerated in several ways:</p>\n<blockquote>\n <i>...Every study starts with protocol writing and feasibility testing in order to identify a cohort of patients that is both medically relevant and large enough for statistical analysis. Foundry's cohorting app shortens this process by bringing medical experts data owners and biostatisticians to acommon interface, and building a library of reusable criteria......I can easily adjust the criteria to expand the population without needing to cycle through various data experts to check counts. Traditionally updating inclusion criteria can often take a week or more,meaning months can go by before analysis begins.Next, I need to filter to patients with lung cancer. Instead of spending weeks compiling the necessary code sets and logic to define this disease state, I can search our phenotype library and pull from the experience of other experts.-Benjamin Amor, Palantir Forward Deployed Engineer</i>\n</blockquote>\n<p>Analysis work can be done in multiple environments seamlessly, including R, Python, and SQL. These are directly integrated into Foundry. This enables Foundry to leverage the massive open source support for R, which has grown tonearly 17,500 different packages. Think of R packages like little software kits/apps for data scientists.</p>\n<p><img src=\"https://static.tigerbbs.com/8357e4bfde07d67f405f41dbd6371681\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\"></p>\n<p><i>(Image Source: Palantir)</i></p>\n<p>This capability combines with cloud computing, giving data scientists the ability to offload computationally intensive workloads to high-performance computing centers. At the flick of a finger, a data scientist can spool up the massive computing power needed to analyze a large set of medical imaging data. As GPUs and other types of acceleration hardware become more powerful, the number of possibilities and speed at which they can be analyzed will continue to increase.</p>\n<p>Most importantly, the information gained from this analysis can be shared with the entire team<b>without actually having to share access to sensitive data.</b>Making all of this possible is the quick unification of data from disparate sources, many different organizations with highly variable and idiosyncratic data architectures. Foundry can not only protect sensitive data, but it can cut the time needed to standardize such data from years to weeks.</p>\n<blockquote>\n <i>The science is really accelerated, because instead of every time reinventing the wheel, you pick the parts off the shelf that you need to use. You modify them as you want, but they're reusable so we don't have to keep designing it each time.Lots of people have large data sets, but if you make them into knowledge, or you make them usable to create knowledge, that's the secret sauce. That's what Palantir gives us. That ease of use.-Ken Gersing M.D., NCATS Director of Informatics</i>\n</blockquote>\n<p>The implementation of Foundry as an organizational 'data OS' continues to build value over time, acting as a repository for information that can be leveraged later. Past research that had previously uninteresting results might accelerate future research. Palantir refers to this as the creation of \"knowledge objects\", all fully traceable back to the raw data that was used to produce them.</p>\n<p><b>Industrials</b></p>\n<p>The second half of the presentation highlighted industrial applications, the most impressive of which centered around managing complex supply chains. A Palantir engineer explained how the company has worked closely with customers to integrate their needs directly into Foundry.</p>\n<blockquote>\n <i>We've spent years working on these problems. We've actually been able to bake these hard-earned learnings back into the platform. So, now you can apply these to a specific customer's context in a matter of weeks.So, part of this is what we call software defined data integrations. Basically taking what used to take months or even years of painful manual work, and you need specialist knowledge of the underlying data sources, and actually just replacing that with a few clicks-Liam Mawe, Palantir Forward Deployed Engineer</i>\n</blockquote>\n<p>In other words, Palantir can take an insurmountable patchwork of aging ERP and CRM infrastructure and quickly integrate it into a usable platform. It can even combine this with granular data from IoT sensors. This can all be done at petabyte scale, and be up and running in a matter of days or weeks, without the need to build a new system from the ground up.</p>\n<p><img src=\"https://static.tigerbbs.com/0a562191824ecc2b9367c475408e7ff8\" tg-width=\"640\" tg-height=\"335\" referrerpolicy=\"no-referrer\"><i>(Image sources: Palantir)</i></p>\n<p>This enables companies to better manage complex supply chains, track quality control, optimize production, respond to disruptions, and scan for potential problems or weaknesses. Foundry makes this all seem so easy and intuitive because it converts impossible levels of complexity into manageable data assets. A nontechnical user can be up and running quickly.</p>\n<blockquote>\n <i>Previously it would have been impossible to respond with this level of understanding. But what's actually even more exciting here is that instead of manually comparing a few scenarios, I can actually choose the exact set of decisions that will optimize for the factors I care about most, which of course will change depending on the current circumstances.So while this might look simple, behind the scenes Foundry is comparing potentially thousands of possible scenarios to help this logistics manager make a final decision on the best outcome... keeping business running smoothly and customers on the move.Once I'm able to fully understand and react to today's challenges, the change models underpinning the supply chain critically allow simulation of future events to rebalance trade-offs effectively. So starting to shift from reaction to anticipation of the global supply chain.-Liam Mawe, Palantir Forward Deployed Engineer</i>\n</blockquote>\n<p>Managers can then take things a step further, and actually analyze hypothetical future scenarios. The granularity and accuracy of such simulations will only increase as new communications technologies (such as 5G) bring new levels of connectivity to IoT sensors and nodes.</p>\n<blockquote>\n <i>Supply chain and logistics managers were previously forced to make these incredibly complex trade-offs with only a narrow view of the available context. But now with the supply chain archetype, we can not only gain an accurate and granular view of today's risks, but can also simulate future scenarios and make adjustments to make sure ournetwork is ready to take on the challenges of tomorrow.So just to give you an idea of the speed and impact of the archetype, one of our industrial customers had an incredibly complex supply chain landscape with dozens of data sources, including 27 separate ERPs.With foundry, in hours they had their first integrated view of the supply chain. Within two days they were already proactively alerting on potential bottlenecks, and in just two weeks had identified around $50 million in working capital while simultaneously improving the robustness of the supply chain to react to future shocks.-Liam Mawe, Palantir Forward Deployed Engineer</i>\n</blockquote>\n<p>To an IT executive, this probably sounds more like a miracle than a case study. The presentation on industrials also focused on a few other use-cases, but the supply chain analysis was by far the most impressive.</p>\n<p>Deep roots are not reached by the frost</p>\n<p>The fact that a presentation that might have ignited investor interest in the stock and sent it skyrocketing wasn't promoted to investors at all tells you something very important. Demand for the type of 'data OS' that Palantir provides is heating up, and Palantir is now focused on marketing to potential customers in a very active way.</p>\n<blockquote>\n <i>This holy grail of making data actionable by tying it into the critical business systems that power a company - turning the data warehouse into a \"central nervous system\" for the business - is what's driving incredible growth at some of the most important startups in Silicon Valley, including Canva, Drizly, Figma, Notion, Loom, Clearbit, and many more.-David Ulevitch, Andreessen Horowitz</i>\n</blockquote>\n<p>This is evident by the fact that there has been a rush of VC capital into startup competitors. EvenNvidia(NASDAQ:NVDA) is scrambling to get in on the action. Earlier this year, Palantir andIBMformed a partnership together.</p>\n<p>Palantir has a nearly two-decade head start, and any advantages that might have come from working on classifiedSAP/SCIlevel software. The CTO of Splunk (SPLK)resigned the day after Palantir's Double Click event,a move that sent the stock plummeting. Coincidence?</p>\n<blockquote>\n <i>That's almost always a warning sign for anybody in the cybersecurity business, because unless they are really truly skilled and have been doing cybersecurity as their main business for a long time, they usually don't got this.-Michael Daniel, White House Cybersecurity Coordinator (2012-2017)</i>\n</blockquote>\n<p>The recent Solar Winds hack, whichenabled hackers to access Microsoft's sensitive source code, has highlighted the fact that a new cold war is being fought in cyberspace. Any startup entering this space, as well as any existing company looking to break in, will have to not only compete with Palantir's lengthy head start but will also have to provide cybersecurity capabilities that match the level of sensitivity of the data that they want to manage.</p>\n<p>This gives Palantir an additional competitive advantage that would be extremely difficult for anyone else to replicate. If you were a CEO or CTO, who would you trust to manage your digital transformation? An 'a16z backed' startup or a company with a lengthy history of classified work for the DoD?</p>\n<p>Palantir's visionary CEO may have been extremely early to the party, but he wasn't wrong.</p>\n<p><b>Conclusion</b></p>\n<blockquote>\n <i>Palantir's advisors include Condoleezza Rice and former CIA director George Tenet, who says in an interview that \"I wish we had a tool of its power\" before 9/11. General David Petraeus, the most recent former CIA chief, describes Palantir to FORBES as \"a better mousetrap when a better mousetrap was needed\" and calls Karp \"sheer brilliant.\"-Forbes Magazine, 2013</i>\n</blockquote>\n<p>Why after such a long time, is demand for Palantir's platform suddenly expanding so rapidly?</p>\n<p>In the case of the 'supply chain archetype', consider all of the investments currently being made to digitize the supply chain. There are a considerable number of companies working on autonomous trucks,which are already running commercial loads. Kroger(NYSE:KR)isbuilding out advanced picking robotic picking systems from Ocado(OTCPK:OCDGF). Boston Dynamics will roll out commercial deployments of robots that can move800 boxes per hournext year. Panasonic(OTCPK:PCRFY)plans to integrate its hardware with logistics software,recently making a $6.5B software acquisition.</p>\n<p>Will companies deploying logistics robots, advanced IoT sensors, and autonomous trucks also want to run their enterprise on a rapidly deployable 'data OS'?</p>\n<p>You bet. That's why we are long Palantir. Find our detailed analysis and information about our $50 to $100 price targethere.</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>'Almost Can't Keep Up': Palantir Demo Day Affirms The Obvious</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\">\n'Almost Can't Keep Up': Palantir Demo Day Affirms The Obvious\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-20 14:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4419826-palantir-demo-day-affirms-obvious><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nPalantir's Double Click event was not aimed at investors, but the street should take note. After a somewhat banal demo day in January, this was a serious tour de force.\nPalantir demonstrated ...</p>\n\n<a href=\"https://seekingalpha.com/article/4419826-palantir-demo-day-affirms-obvious\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4419826-palantir-demo-day-affirms-obvious","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1185015358","content_text":"Summary\n\nPalantir's Double Click event was not aimed at investors, but the street should take note. After a somewhat banal demo day in January, this was a serious tour de force.\nPalantir demonstrated how Foundry can have a transformative impact in two entirely different industries. This included interesting granular details.\nPalantir has a massive head start in an entirely new class of 'data OS' software. The entry of new competitors is a sign that demand is rising rapidly.\nSplunk's CTO resigned the next day. Coincidence?\n\nLast week Palantir(NYSE:PLTR)held the first of what is to be a series of demo events dubbed \"Double Click\". Streaming to an audience of just 3.4k, this event was not aimed at investors and street analysts. It was instead a deep dive aimed at management teams and policymakers assessing potential Palantir deployments. In this article, we will summarize this event, discuss its implications, and contextualize Palantir's leading position in what is now one of the hottest areas of enterprise software.\n\nToday we're building on our inaugural demo day back in January. That event brought exceptional interest in our platform from around the globe, but in particular incredible demand in the US where we just almost can't keep up....Our two platforms, Gotham and Foundry - They're operating systems for the modern enterprise. Gotham provides an end-to-end solution, from space to mud, that integrates every single sensor, every single shooter, for US and Allied defense around the world. It is a single platform that helps you understand decide and act.Foundry is by analogy that same operating system for the enterprise. It helps you understand, decide, and act. It isn't just about analytics. It's about decisions. About making better decisions.It's not just about being more efficient. It's about winning. Winning by generating sustainable alpha by outlearning the competition, and only foundry can do this. It is a completely unique offering.-Shyam Sankar, Palantir COO\n\nSankar also detailed the critical role that Palantir's software has played in the UK's pandemic response. The NHS has used Palantir's Foundry to manage the distribution of 7.5B PPE items. The NHS has gone on to use Palantir to manage the distribution of 33M+ vaccines, hundreds of SKUs of related supplies, across 2,500 vaccination sites. All of this incorporates Palantir's privacy protections, annealing theUK's strict data privacy regulations.\nFar from being some sort of log aggregator or data visualization tool, this demo illustrated how powerful Palantir's software, specifically Foundry, truly is. Whereas Palantirpreviously coveredthe more mundane and granular details of data integration and technical aspects of Palantir Apollo back in January, this was an exciting walkthrough of use-cases and applications.\nIt's difficult to understate exactly how good it was. It was a serious tour de force. Expect analysts covering Palantir to take note. We've come a long way from a time when CNBC wasspeculating that Palantir might be some sort of 'consulting services' company.\nLife Sciences\n(Image source: Palantir)\nThe first of two industries covered, Palantir made the case for Foundry's role in health sciences to be expanded beyond its current use in managing sensitive data surrounding the pandemic. Palantir covered how the same tools could accelerate clinical research, by demonstrating how sensitive health data could be analyzed in a way that complies with understandably strict regulations.\nThe demo walked through the development of a hypothetical prognostic model for lung cancer, starting with data governance. Where Facebook(NASDAQ:FB)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL)have sought to simplyseize healthcare data in a clandestine format(the same way Google posted pictures of everyone's house online without their permission and used scale to make it seem normal), Palantir has built a platform that empowers data owners to work with researchers. They're in control.\nOn top of arobust suite of anonymization techniques, data governance teams have complete transparency into who has access to what data and why. This team assesses the researcher's request for data and makes sure that the access given is appropriate. This can be programmed to meet the desired data governance protocols.\nOnce a researcher has access to the relevant data, they must develop a prognostic model. Foundry enables this process to be drastically accelerated in several ways:\n\n...Every study starts with protocol writing and feasibility testing in order to identify a cohort of patients that is both medically relevant and large enough for statistical analysis. Foundry's cohorting app shortens this process by bringing medical experts data owners and biostatisticians to acommon interface, and building a library of reusable criteria......I can easily adjust the criteria to expand the population without needing to cycle through various data experts to check counts. Traditionally updating inclusion criteria can often take a week or more,meaning months can go by before analysis begins.Next, I need to filter to patients with lung cancer. Instead of spending weeks compiling the necessary code sets and logic to define this disease state, I can search our phenotype library and pull from the experience of other experts.-Benjamin Amor, Palantir Forward Deployed Engineer\n\nAnalysis work can be done in multiple environments seamlessly, including R, Python, and SQL. These are directly integrated into Foundry. This enables Foundry to leverage the massive open source support for R, which has grown tonearly 17,500 different packages. Think of R packages like little software kits/apps for data scientists.\n\n(Image Source: Palantir)\nThis capability combines with cloud computing, giving data scientists the ability to offload computationally intensive workloads to high-performance computing centers. At the flick of a finger, a data scientist can spool up the massive computing power needed to analyze a large set of medical imaging data. As GPUs and other types of acceleration hardware become more powerful, the number of possibilities and speed at which they can be analyzed will continue to increase.\nMost importantly, the information gained from this analysis can be shared with the entire teamwithout actually having to share access to sensitive data.Making all of this possible is the quick unification of data from disparate sources, many different organizations with highly variable and idiosyncratic data architectures. Foundry can not only protect sensitive data, but it can cut the time needed to standardize such data from years to weeks.\n\nThe science is really accelerated, because instead of every time reinventing the wheel, you pick the parts off the shelf that you need to use. You modify them as you want, but they're reusable so we don't have to keep designing it each time.Lots of people have large data sets, but if you make them into knowledge, or you make them usable to create knowledge, that's the secret sauce. That's what Palantir gives us. That ease of use.-Ken Gersing M.D., NCATS Director of Informatics\n\nThe implementation of Foundry as an organizational 'data OS' continues to build value over time, acting as a repository for information that can be leveraged later. Past research that had previously uninteresting results might accelerate future research. Palantir refers to this as the creation of \"knowledge objects\", all fully traceable back to the raw data that was used to produce them.\nIndustrials\nThe second half of the presentation highlighted industrial applications, the most impressive of which centered around managing complex supply chains. A Palantir engineer explained how the company has worked closely with customers to integrate their needs directly into Foundry.\n\nWe've spent years working on these problems. We've actually been able to bake these hard-earned learnings back into the platform. So, now you can apply these to a specific customer's context in a matter of weeks.So, part of this is what we call software defined data integrations. Basically taking what used to take months or even years of painful manual work, and you need specialist knowledge of the underlying data sources, and actually just replacing that with a few clicks-Liam Mawe, Palantir Forward Deployed Engineer\n\nIn other words, Palantir can take an insurmountable patchwork of aging ERP and CRM infrastructure and quickly integrate it into a usable platform. It can even combine this with granular data from IoT sensors. This can all be done at petabyte scale, and be up and running in a matter of days or weeks, without the need to build a new system from the ground up.\n(Image sources: Palantir)\nThis enables companies to better manage complex supply chains, track quality control, optimize production, respond to disruptions, and scan for potential problems or weaknesses. Foundry makes this all seem so easy and intuitive because it converts impossible levels of complexity into manageable data assets. A nontechnical user can be up and running quickly.\n\nPreviously it would have been impossible to respond with this level of understanding. But what's actually even more exciting here is that instead of manually comparing a few scenarios, I can actually choose the exact set of decisions that will optimize for the factors I care about most, which of course will change depending on the current circumstances.So while this might look simple, behind the scenes Foundry is comparing potentially thousands of possible scenarios to help this logistics manager make a final decision on the best outcome... keeping business running smoothly and customers on the move.Once I'm able to fully understand and react to today's challenges, the change models underpinning the supply chain critically allow simulation of future events to rebalance trade-offs effectively. So starting to shift from reaction to anticipation of the global supply chain.-Liam Mawe, Palantir Forward Deployed Engineer\n\nManagers can then take things a step further, and actually analyze hypothetical future scenarios. The granularity and accuracy of such simulations will only increase as new communications technologies (such as 5G) bring new levels of connectivity to IoT sensors and nodes.\n\nSupply chain and logistics managers were previously forced to make these incredibly complex trade-offs with only a narrow view of the available context. But now with the supply chain archetype, we can not only gain an accurate and granular view of today's risks, but can also simulate future scenarios and make adjustments to make sure ournetwork is ready to take on the challenges of tomorrow.So just to give you an idea of the speed and impact of the archetype, one of our industrial customers had an incredibly complex supply chain landscape with dozens of data sources, including 27 separate ERPs.With foundry, in hours they had their first integrated view of the supply chain. Within two days they were already proactively alerting on potential bottlenecks, and in just two weeks had identified around $50 million in working capital while simultaneously improving the robustness of the supply chain to react to future shocks.-Liam Mawe, Palantir Forward Deployed Engineer\n\nTo an IT executive, this probably sounds more like a miracle than a case study. The presentation on industrials also focused on a few other use-cases, but the supply chain analysis was by far the most impressive.\nDeep roots are not reached by the frost\nThe fact that a presentation that might have ignited investor interest in the stock and sent it skyrocketing wasn't promoted to investors at all tells you something very important. Demand for the type of 'data OS' that Palantir provides is heating up, and Palantir is now focused on marketing to potential customers in a very active way.\n\nThis holy grail of making data actionable by tying it into the critical business systems that power a company - turning the data warehouse into a \"central nervous system\" for the business - is what's driving incredible growth at some of the most important startups in Silicon Valley, including Canva, Drizly, Figma, Notion, Loom, Clearbit, and many more.-David Ulevitch, Andreessen Horowitz\n\nThis is evident by the fact that there has been a rush of VC capital into startup competitors. EvenNvidia(NASDAQ:NVDA) is scrambling to get in on the action. Earlier this year, Palantir andIBMformed a partnership together.\nPalantir has a nearly two-decade head start, and any advantages that might have come from working on classifiedSAP/SCIlevel software. The CTO of Splunk (SPLK)resigned the day after Palantir's Double Click event,a move that sent the stock plummeting. Coincidence?\n\nThat's almost always a warning sign for anybody in the cybersecurity business, because unless they are really truly skilled and have been doing cybersecurity as their main business for a long time, they usually don't got this.-Michael Daniel, White House Cybersecurity Coordinator (2012-2017)\n\nThe recent Solar Winds hack, whichenabled hackers to access Microsoft's sensitive source code, has highlighted the fact that a new cold war is being fought in cyberspace. Any startup entering this space, as well as any existing company looking to break in, will have to not only compete with Palantir's lengthy head start but will also have to provide cybersecurity capabilities that match the level of sensitivity of the data that they want to manage.\nThis gives Palantir an additional competitive advantage that would be extremely difficult for anyone else to replicate. If you were a CEO or CTO, who would you trust to manage your digital transformation? An 'a16z backed' startup or a company with a lengthy history of classified work for the DoD?\nPalantir's visionary CEO may have been extremely early to the party, but he wasn't wrong.\nConclusion\n\nPalantir's advisors include Condoleezza Rice and former CIA director George Tenet, who says in an interview that \"I wish we had a tool of its power\" before 9/11. General David Petraeus, the most recent former CIA chief, describes Palantir to FORBES as \"a better mousetrap when a better mousetrap was needed\" and calls Karp \"sheer brilliant.\"-Forbes Magazine, 2013\n\nWhy after such a long time, is demand for Palantir's platform suddenly expanding so rapidly?\nIn the case of the 'supply chain archetype', consider all of the investments currently being made to digitize the supply chain. There are a considerable number of companies working on autonomous trucks,which are already running commercial loads. Kroger(NYSE:KR)isbuilding out advanced picking robotic picking systems from Ocado(OTCPK:OCDGF). Boston Dynamics will roll out commercial deployments of robots that can move800 boxes per hournext year. Panasonic(OTCPK:PCRFY)plans to integrate its hardware with logistics software,recently making a $6.5B software acquisition.\nWill companies deploying logistics robots, advanced IoT sensors, and autonomous trucks also want to run their enterprise on a rapidly deployable 'data OS'?\nYou bet. That's why we are long Palantir. Find our detailed analysis and information about our $50 to $100 price targethere.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370878461,"gmtCreate":1618577665353,"gmtModify":1631890272262,"author":{"id":"3577330790701186","authorId":"3577330790701186","name":"NAIISE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577330790701186","idStr":"3577330790701186"},"themes":[],"htmlText":"Long term outlook","listText":"Long term outlook","text":"Long term outlook","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/370878461","repostId":"2127007505","repostType":4,"repost":{"id":"2127007505","pubTimestamp":1618562461,"share":"https://www.laohu8.com/m/news/2127007505?lang=&edition=full","pubTime":"2021-04-16 16:41","market":"us","language":"en","title":"Cathie Wood Just Bought These 3 High-Growth Stocks That Could Make You a Fortune","url":"https://stock-news.laohu8.com/highlight/detail?id=2127007505","media":"Motley Fool","summary":"These tech companies have just one thing in common: They offer potential windfall gains for investors.","content":"<p>Cathie Wood has been around Wall Street for decades, but the founder and CEO of ARK Investment Management took the spotlight in 2020 when her five flagship exchange-traded funds (ETFs) crushed the broader market, each generating returns of over 100% for the year. Those tremendous results made investors sit up and take notice.</p>\n<p>Given her results in 2020, it's worth watching what Wood is buying -- even if some of those stocks may not exactly be your cup of tea. To further increase my chances of finding winning investments from among her picks, I look for companies that boast industry-leading positions, robust secular tailwinds, and large and growing total addressable markets.</p>\n<p>Three stocks Wood bought last week meet all of those lofty criteria.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bba4bdedb6fc0d1201a2ee137c8921bb\" tg-width=\"700\" tg-height=\"450\"><span>Image source: Getty Images.</span></p>\n<h2>Okta: The cutting edge of identity management</h2>\n<p>The <b><a href=\"https://laohu8.com/S/ARKW\">ARK Next Generation Internet ETF</a></b> (NYSEMKT:ARKW) focuses on companies that will benefit from broad technological trends including cloud computing, mobile communication, big data, and the Internet of Things. One of the biggest stumbling blocks for companies looking to make use of many of those technologies is the prevalence of hacking and unauthorized access that plagues the modern era. Ensuring that only those with the proper credentials can access critical networks is a big job, and <b>Okta</b> (NASDAQ:OKTA) is there to answer the call.</p>\n<p>The company is the leader in cloud-based identity management and authentication services. Okta manages access across any application, person, or device, and handles not only employees, but also serves as the gatekeeper allowing partners, contractors, and customers to access those systems they are authorized to use. Rather than simply connecting to a company's network, Okta integrates with more than 6,500 of the most-used enterprise software applications, including <b>Amazon</b>&nbsp;Web Services, <b>salesforce.com</b>, <b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications</b>, and <b>Microsoft</b> Office 365.</p>\n<p>Okta has been named the industry leader in its niche for seven years running by research company <b>Gartner</b>. It was also singled out by Forrester as a leader in the field for both its Identity-as-a-Service (IDaaS) and its Zero Trust eXtended Ecosystem. These industry accolades help illustrate the value of Okta's offerings.</p>\n<p>If you need further evidence, look no further than its recent results. Okta's revenue increased 43% last year, while subscriptions climbed 44%. The company's remaining performance obligation (RPO) -- which represents revenue that is under contract but has not yet been recognized -- grew even faster, by 49%, which signals the trajectory of its future growth.</p>\n<p>With the acquisition of Auth0 last month, Okta expanded its addressable market from $55 billion to $80 billion. Considering that it generated revenue of just $835 million last year, even if the company only captures a small part of its total addressable market, the stock could grow several-fold from here.</p>\n<p>Wood only opened a position in Okta last week, so this could be the beginning of a long and lucrative association.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8b0c83b8a99bffdb138bb49c36053ae\" tg-width=\"700\" tg-height=\"356\"><span>Image source: Getty Images.</span></p>\n<h2>The Trade Desk: No cookies in its diet</h2>\n<p>Another trend that still has legs is the transition to digital advertising -- and more specifically, <i>programmatic</i> advertising. To ensure that it has exposure to this large and growing trend, the ARK Next Generation Internet ETF is betting big on <b>The Trade Desk</b> (NASDAQ:TTD).</p>\n<p>Not only is the company the leading independent demand-side advertising platform, but it partners with the world's largest ad agencies rather than competing against them. This gives The Trade Desk a large and growing ecosystem in which to expand its market share.</p>\n<p>While the digital advertising industry is up in arms due to <b>Alphabet</b>'s announcement regarding the pending death of cookies and <b>Apple</b>'s moves to increase user privacy, The Trade Desk is uniquely positioned to sidestep most of the issues those changes will create.</p>\n<p>First, only about 8% of its advertising spend is reliant on Apple's Identifier for Advertisers (IDFA), so the tech giant's plans to essentially kill it won't materially impact The Trade Desk's business. Second, and perhaps more importantly, The Trade Desk has long prepared for the demise of cookies. The company developed the Unified ID, an identifier that helps target ads, but doesn't contain any personally identifiable information, so it doesn't invade user privacy.</p>\n<p>The most important names in the industry use The Trade Desk's Unified ID, including Index Exchange, <b>Magnite</b>, <b>PubMatic</b>, OpenX, SpotX, <b>Criteo</b>, <b>LiveRamp</b>, and Neustar, just to name a few.</p>\n<p>In the fourth quarter, The Trade Desk grew revenue by 48% year over year -- its highest growth rate in nearly two years -- while net income nearly tripled. The company's total revenue last year hit $836 million, which pales in comparison to its total addressable market of $1 trillion annually in the coming decade.</p>\n<p>These factors no doubt led Wood to increase ARK Next Generation Internet ETF's position in The Trade Desk last week, bringing it to 2.28% of the total $5.27 billion funds under management, and making it the fund's 13th largest position.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8879046bbfe592f08b387aca6b54b4e0\" tg-width=\"700\" tg-height=\"393\"><span>Image source: Getty Images.</span></p>\n<h2>Palantir Technologies: Finding needles in haystacks</h2>\n<p>The <b><a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a></b> (NYSEMKT:ARKK) focuses on disruptive technology that could potentially change the way the world works, which is likely why it was attracted by <b>Palantir Technologies </b>(NYSE:PLTR). It can take years, sometimes decades, to develop the necessary tools to gather, consolidate, and analyze data trapped in silos. These problems have plagued enterprise companies and governments alike. While Palantir has been public for less than a year, it has been building its data mining and warehousing tools for nearly 20 years -- and it has an extensive tech pedigree.</p>\n<p>Palantir is the brainchild of Peter Thiel, <a href=\"https://laohu8.com/S/AONE\">one</a> of the co-founders of <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b> (NASDAQ: PYPL), so disruptive technology is right up his alley. The company has been helping defense and intelligence agencies crunch data in the fight against terrorism for years, and has an impressive track record of capturing lucrative government contracts. But that's just the beginning. After honing its craft with the government, Palantir turned its sights to the enterprise market, helping to extract meaningful and actionable data for businesses.</p>\n<p>The company's software is exceedingly complex and requires an entire team of engineers to install. Once Palantir's platform is entrenched in a customer's systems, it's highly unlikely that a rival data miner would be able to come in and lure that client away, even if there were a competitor of Palantir's magnitude.</p>\n<p>The company grew revenue by 47% in 2020, winning a host of new and increasingly lucrative contracts along the way. The average annual revenue from the company's top 20 customers grew by 34%, while the number of those generating $1 million or more in revenue grew 32%. Additionally, the number of clients contributing $5 million or more grew 54%, while the number generating $10 million grew by 50%.</p>\n<p>Palantir's management estimates its total addressable market tops out at $119 billion annually across both its commercial and government segments. Given that the company generated revenue of just $1.1 billion in 2020, it clearly has ample opportunities for growth.</p>\n<p>Wood has gradually been building a position in Palantir. It's now <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the top 25 holdings in the ARK Innovation ETF, with its stake amounting to 1.4% of its $17.68 billion funds under management.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d0fdf843d9d47d4facbb2b8f882495a\" tg-width=\"720\" tg-height=\"468\"><span>Data by YCharts</span></p>\n<h2>Every rose has its thorns</h2>\n<p>Given the impressive results Wood racked up last year, it would almost seem like a no-brainer to follow her lead, but her noteworthy record notwithstanding, these stocks simply aren't for everyone. In terms of traditional valuation metrics, they certainly aren't cheap. The Trade Desk, Okta, and Palantir are selling at price-to-sales ratios of 41, 37, and 25, respectively -- when a good price-to-sales ratio for a stock is generally between 1 and 2.</p>\n<p>That said, these industry-leading companies have plenty going for them, including robust tailwinds and massive market opportunities. Additionally, The Trade Desk and Okta gained 230% and 90%, respectively, over the past year, and Palantir is up by 145% since it debuted on Sept. 30.</p>\n<p>For investors who can stomach volatility and have an appetite for a little additional risk, Wood's recent purchases could be just the ticket.</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>Cathie Wood Just Bought These 3 High-Growth Stocks That Could Make You a Fortune</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Just Bought These 3 High-Growth Stocks That Could Make You a Fortune\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 16:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/15/cathie-wood-just-bought-these-3-high-growth-stocks/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood has been around Wall Street for decades, but the founder and CEO of ARK Investment Management took the spotlight in 2020 when her five flagship exchange-traded funds (ETFs) crushed the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/15/cathie-wood-just-bought-these-3-high-growth-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKTA":"Okta Inc.","TTD":"Trade Desk Inc.","PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2021/04/15/cathie-wood-just-bought-these-3-high-growth-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2127007505","content_text":"Cathie Wood has been around Wall Street for decades, but the founder and CEO of ARK Investment Management took the spotlight in 2020 when her five flagship exchange-traded funds (ETFs) crushed the broader market, each generating returns of over 100% for the year. Those tremendous results made investors sit up and take notice.\nGiven her results in 2020, it's worth watching what Wood is buying -- even if some of those stocks may not exactly be your cup of tea. To further increase my chances of finding winning investments from among her picks, I look for companies that boast industry-leading positions, robust secular tailwinds, and large and growing total addressable markets.\nThree stocks Wood bought last week meet all of those lofty criteria.\nImage source: Getty Images.\nOkta: The cutting edge of identity management\nThe ARK Next Generation Internet ETF (NYSEMKT:ARKW) focuses on companies that will benefit from broad technological trends including cloud computing, mobile communication, big data, and the Internet of Things. One of the biggest stumbling blocks for companies looking to make use of many of those technologies is the prevalence of hacking and unauthorized access that plagues the modern era. Ensuring that only those with the proper credentials can access critical networks is a big job, and Okta (NASDAQ:OKTA) is there to answer the call.\nThe company is the leader in cloud-based identity management and authentication services. Okta manages access across any application, person, or device, and handles not only employees, but also serves as the gatekeeper allowing partners, contractors, and customers to access those systems they are authorized to use. Rather than simply connecting to a company's network, Okta integrates with more than 6,500 of the most-used enterprise software applications, including Amazon Web Services, salesforce.com, Zoom Video Communications, and Microsoft Office 365.\nOkta has been named the industry leader in its niche for seven years running by research company Gartner. It was also singled out by Forrester as a leader in the field for both its Identity-as-a-Service (IDaaS) and its Zero Trust eXtended Ecosystem. These industry accolades help illustrate the value of Okta's offerings.\nIf you need further evidence, look no further than its recent results. Okta's revenue increased 43% last year, while subscriptions climbed 44%. The company's remaining performance obligation (RPO) -- which represents revenue that is under contract but has not yet been recognized -- grew even faster, by 49%, which signals the trajectory of its future growth.\nWith the acquisition of Auth0 last month, Okta expanded its addressable market from $55 billion to $80 billion. Considering that it generated revenue of just $835 million last year, even if the company only captures a small part of its total addressable market, the stock could grow several-fold from here.\nWood only opened a position in Okta last week, so this could be the beginning of a long and lucrative association.\nImage source: Getty Images.\nThe Trade Desk: No cookies in its diet\nAnother trend that still has legs is the transition to digital advertising -- and more specifically, programmatic advertising. To ensure that it has exposure to this large and growing trend, the ARK Next Generation Internet ETF is betting big on The Trade Desk (NASDAQ:TTD).\nNot only is the company the leading independent demand-side advertising platform, but it partners with the world's largest ad agencies rather than competing against them. This gives The Trade Desk a large and growing ecosystem in which to expand its market share.\nWhile the digital advertising industry is up in arms due to Alphabet's announcement regarding the pending death of cookies and Apple's moves to increase user privacy, The Trade Desk is uniquely positioned to sidestep most of the issues those changes will create.\nFirst, only about 8% of its advertising spend is reliant on Apple's Identifier for Advertisers (IDFA), so the tech giant's plans to essentially kill it won't materially impact The Trade Desk's business. Second, and perhaps more importantly, The Trade Desk has long prepared for the demise of cookies. The company developed the Unified ID, an identifier that helps target ads, but doesn't contain any personally identifiable information, so it doesn't invade user privacy.\nThe most important names in the industry use The Trade Desk's Unified ID, including Index Exchange, Magnite, PubMatic, OpenX, SpotX, Criteo, LiveRamp, and Neustar, just to name a few.\nIn the fourth quarter, The Trade Desk grew revenue by 48% year over year -- its highest growth rate in nearly two years -- while net income nearly tripled. The company's total revenue last year hit $836 million, which pales in comparison to its total addressable market of $1 trillion annually in the coming decade.\nThese factors no doubt led Wood to increase ARK Next Generation Internet ETF's position in The Trade Desk last week, bringing it to 2.28% of the total $5.27 billion funds under management, and making it the fund's 13th largest position.\nImage source: Getty Images.\nPalantir Technologies: Finding needles in haystacks\nThe ARK Innovation ETF (NYSEMKT:ARKK) focuses on disruptive technology that could potentially change the way the world works, which is likely why it was attracted by Palantir Technologies (NYSE:PLTR). It can take years, sometimes decades, to develop the necessary tools to gather, consolidate, and analyze data trapped in silos. These problems have plagued enterprise companies and governments alike. While Palantir has been public for less than a year, it has been building its data mining and warehousing tools for nearly 20 years -- and it has an extensive tech pedigree.\nPalantir is the brainchild of Peter Thiel, one of the co-founders of PayPal (NASDAQ: PYPL), so disruptive technology is right up his alley. The company has been helping defense and intelligence agencies crunch data in the fight against terrorism for years, and has an impressive track record of capturing lucrative government contracts. But that's just the beginning. After honing its craft with the government, Palantir turned its sights to the enterprise market, helping to extract meaningful and actionable data for businesses.\nThe company's software is exceedingly complex and requires an entire team of engineers to install. Once Palantir's platform is entrenched in a customer's systems, it's highly unlikely that a rival data miner would be able to come in and lure that client away, even if there were a competitor of Palantir's magnitude.\nThe company grew revenue by 47% in 2020, winning a host of new and increasingly lucrative contracts along the way. The average annual revenue from the company's top 20 customers grew by 34%, while the number of those generating $1 million or more in revenue grew 32%. Additionally, the number of clients contributing $5 million or more grew 54%, while the number generating $10 million grew by 50%.\nPalantir's management estimates its total addressable market tops out at $119 billion annually across both its commercial and government segments. Given that the company generated revenue of just $1.1 billion in 2020, it clearly has ample opportunities for growth.\nWood has gradually been building a position in Palantir. It's now one of the top 25 holdings in the ARK Innovation ETF, with its stake amounting to 1.4% of its $17.68 billion funds under management.\nData by YCharts\nEvery rose has its thorns\nGiven the impressive results Wood racked up last year, it would almost seem like a no-brainer to follow her lead, but her noteworthy record notwithstanding, these stocks simply aren't for everyone. In terms of traditional valuation metrics, they certainly aren't cheap. The Trade Desk, Okta, and Palantir are selling at price-to-sales ratios of 41, 37, and 25, respectively -- when a good price-to-sales ratio for a stock is generally between 1 and 2.\nThat said, these industry-leading companies have plenty going for them, including robust tailwinds and massive market opportunities. Additionally, The Trade Desk and Okta gained 230% and 90%, respectively, over the past year, and Palantir is up by 145% since it debuted on Sept. 30.\nFor investors who can stomach volatility and have an appetite for a little additional risk, Wood's recent purchases could be just the ticket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353599362,"gmtCreate":1616506596756,"gmtModify":1631890272267,"author":{"id":"3577330790701186","authorId":"3577330790701186","name":"NAIISE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577330790701186","idStr":"3577330790701186"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353599362","repostId":"1153771573","repostType":4,"repost":{"id":"1153771573","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616506331,"share":"https://www.laohu8.com/m/news/1153771573?lang=&edition=full","pubTime":"2021-03-23 21:32","market":"us","language":"en","title":"S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.","url":"https://stock-news.laohu8.com/highlight/detail?id=1153771573","media":"Tiger Newspress","summary":"U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as invest","content":"<p>U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.</p><p>The S&amp;P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.</p><p><img src=\"https://static.tigerbbs.com/50b999a4eca950348b4ba5e25dd57675\" tg-width=\"1075\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p>Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.</p><p>ViacomCBS, one of the top performers in the S&amp;P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.</p><p>Tuesday marks the&nbsp;one-year anniversary of the market's bottom&nbsp;as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&amp;P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.</p><p>\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.</p><p>\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.</p><p>On the pandemic front, a U.S. health agency expressed concern Tuesday that&nbsp;AstraZeneca&nbsp;may have included&nbsp;outdated information&nbsp;in trial results&nbsp;of its Covid-19 vaccine.</p><p>The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of&nbsp;new cases is increasing in 21 states&nbsp;as highly infectious variants spread and governors relax restrictions on businesses.</p><p>The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&amp;P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.</p><p>The gains came as the&nbsp;10-year Treasury&nbsp;yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.</p><p>“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”</p><p>On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.</p><p>In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.</p><p>“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.</p><p>“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P 500 falls slightly as bull market turns one year old, Nasdaq is flat.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-23 21:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.</p><p>The S&amp;P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.</p><p><img src=\"https://static.tigerbbs.com/50b999a4eca950348b4ba5e25dd57675\" tg-width=\"1075\" tg-height=\"396\" referrerpolicy=\"no-referrer\"></p><p>Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.</p><p>ViacomCBS, one of the top performers in the S&amp;P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.</p><p>Tuesday marks the&nbsp;one-year anniversary of the market's bottom&nbsp;as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&amp;P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.</p><p>\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.</p><p>\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.</p><p>On the pandemic front, a U.S. health agency expressed concern Tuesday that&nbsp;AstraZeneca&nbsp;may have included&nbsp;outdated information&nbsp;in trial results&nbsp;of its Covid-19 vaccine.</p><p>The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of&nbsp;new cases is increasing in 21 states&nbsp;as highly infectious variants spread and governors relax restrictions on businesses.</p><p>The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&amp;P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.</p><p>The gains came as the&nbsp;10-year Treasury&nbsp;yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.</p><p>“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”</p><p>On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.</p><p>In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.</p><p>“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.</p><p>“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.</p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153771573","content_text":"U.S. stocks dipped on Tuesday, one year after the bull market from the pandemic lows began as investors took some profits in shares that will benefit most from the reopening of the economy.The S&P 500 fell 0.2%, while the Dow Jones Industrial Average shed 104points. The tech-heavy Nasdaq Composite traded near the flatline.Shares of Carnival and Norwegian cruise lines fell more than 1% each. American Airlines and United Airlines fell about 2% apiece. Brick-and-mortar retailer Gap also fell slightly.ViacomCBS, one of the top performers in the S&P 500 since the pandemic lows, lost 3% after saying it would offer more stock for sale. The shares are up more than 700% since last March.Tuesday marks the one-year anniversary of the market's bottom as the coronavirus pandemic sent stocks tumbling 30% at the fastest pace on record. Since the low on March 23, both the S&P 500 and Dow have advanced more than 75%. The Nasdaq Composite is up more than 90%, while the Russell 2000 has surged 126%.\"Things have come full circle now, as stocks have staged a furious rally, with new highs happening across the globe as the economy recovers at a record pace,\" noted Ryan Detrick, chief market strategist at LPL Financial.\"This bull market is off to an amazing start, but it is important to remember it is still young. While a pick-up in volatility would be normal as this stage of a strong bull market, we think suitable investors may want to consider buying the dip. Vaccine distribution, fiscal and monetary stimulus, and a robust economic recovery all have our confidence high,\" he added.On the pandemic front, a U.S. health agency expressed concern Tuesday that AstraZeneca may have included outdated information in trial results of its Covid-19 vaccine.The U.S. is administering about 2.5 million Covid vaccine shots every day. However, the number of new cases is increasing in 21 states as highly infectious variants spread and governors relax restrictions on businesses.The Dow finished Monday’s session 103 points higher, for a gain of 0.32%. The S&P 500 broke a two-day losing streak and advanced 0.7%. The Nasdaq Composite was the relative outperformer, jumping 1.23% for its fifth positive session in six.The gains came as the 10-year Treasury yield retreated, after touching a 14-month high last week. The 10-year yield was falling again on Tuesday, but that failed to boost stock futures.“While the rise in yields has created volatility, we don’t expect it to derail the equity rally,” noted Mark Haefele, chief investment officer at UBS Global Wealth Management. “We believe rising yields reflect growth optimism and expectations for higher inflation.”On Tuesday Fed Chairman Jerome Powell and Treasury Secretary Janet Yellen will make their first joint appearance before the U.S. House Committee on Financial Services. The discussion will center on the oversight of the Treasury’s and Federal Reserve’s pandemic response.In prepared remarks published ahead of the hearing, Powell noted that the recovery is gaining steam, before adding there’s still a long way to go.“The recovery has progressed more quickly than generally expected and looks to be strengthening. This is due in significant part to the unprecedented fiscal and monetary policy actions ... which provided essential support to households, businesses, and communities,”he said in the prepared comments.“But the recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes,” he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":153223319,"gmtCreate":1625028624731,"gmtModify":1631890272225,"author":{"id":"3577330790701186","authorId":"3577330790701186","name":"NAIISE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577330790701186","idStr":"3577330790701186"},"themes":[],"htmlText":"Add to watchlist","listText":"Add to watchlist","text":"Add to watchlist","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153223319","repostId":"1146217494","repostType":4,"repost":{"id":"1146217494","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":1624980536,"share":"https://www.laohu8.com/m/news/1146217494?lang=&edition=full","pubTime":"2021-06-29 23:28","market":"us","language":"en","title":"5 SPACs To Watch In The Second Half 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1146217494","media":"Benzinga","summary":"As the close of the first half of 2021 nears, investors have a chance to look at some companies that","content":"<p>As the close of the first half of 2021 nears,&nbsp;investors have a chance to look at some companies that could have big moves in the second half of 2021.</p>\n<p>Here is a look at five SPACs to watch in the second half of 2021.</p>\n<p><b>Churchill Capital Corp IV:</b>Electric vehicle company Lucid Motors ismergingwith&nbsp;<b>Churchill Capital Corp IV</b>&nbsp;in a deal that has been one of the most discussed of its kind. The deal valued Lucid Motors at $24 billion based on a pricing of $15 for the PIPE on the deal.</p>\n<p>Lucid Motors is&nbsp;set&nbsp;to launch the Lucid Air sedan in the second half of 2021. There were over 7,500 reservations of the Lucid Air in February representing $650 million in sales for Lucid Motors.</p>\n<p>The company’s production capabilities are 34,000 units annually, with expansion plans that would take the company to 365,000 units annually. Announced future models include the Lucid Gravity SUV in 2023 and plans for more sedan and SUVs in the future.</p>\n<p>Shares of CCIV had hit a high of $64.86 before falling below the $20 level. Shares traded over the $30 level shortly in March and have not reached that level again.</p>\n<p>With several catalysts coming in the second half of 2021, CCIV shares could see strong performance. Lucid Motors has not announced a date for the merger vote, which could be another catalyst for shareholders to watch.</p>\n<p><b>Altimeter Growth Corp:</b>&nbsp;The large Southeast Asian delivery, mobility and financial services company Grab&nbsp;announced&nbsp;a SPAC deal with&nbsp;<b>Altimeter Growth Corp</b>&nbsp;in one of the largest offerings for a company from the region in the U.S.</p>\n<p>Grab is the category leader for online food delivery, ride-hail and digital wallets in Southeast Asia. The company had gross merchandising value of $12.5 billion in 2020, which came in ahead of pre-pandemic levels.</p>\n<p>Over 670 million people live in Southeast Asia, which could give Grab a significant runway for future growth in its existing and new segments. Online food delivery penetration and digital wallets are smaller in market size in Asia than in&nbsp;regions like the U.S.</p>\n<p>The deal is expected to be completed in the later part of 2021, which could see shares trade favorably in the second half of 2021.</p>\n<p><b>Chamath SPACs:</b>One of the top names in the SPAC world still has two SPACs searching for targets. Chamath Palihapitiya’s&nbsp;<b>Social Capital Hedosophia Holdings Corp IV</b>&nbsp;and&nbsp;<b>Social Capital Hedosophia Holdings Corp VI</b>&nbsp;are SPACs that could perform well in the second half of 2021.</p>\n<p>IPOD has no rumors attached to it, while IPOF isrumoredto be bringing gym owner and&nbsp;<b>Peloton Interactive</b>&nbsp;rival Equinox public.</p>\n<p>IPOD&nbsp;raised&nbsp;$400 million and has the former CEO and co-founder of NextDoor to help pick a target.</p>\n<p>Dick Costolo, the former CEO of&nbsp;<b>Twitter Inc</b>&nbsp;from 2010 to 2015, is helping the $1-billion IPOF select a target.</p>\n<p>Palihapitiya recently&nbsp;filed&nbsp;for four biotech SPACs. That could mean deals are close to being announced for IPOD and IPOF — or he could have six active SPACs searching for targets later this year.</p>\n<p><b>Trident Acquisitions Corp:</b>One trend that has played out for SPACs in 2021 is that some well-known brands or companies trade better when they have the new name and ticker.</p>\n<p>The same could happen for Lottery.com, which is merging with&nbsp;<b>Trident Acquisitions Corp</b> and will trade under new ticker LTRY.</p>\n<p>Lottery.com&nbsp;has&nbsp;facilities in 12 states and plans to add six more in 2021, CEO Tony DiMatteo told Benzinga.</p>\n<p>A potential catalyst for the company is its acquisition of the sports.com domain and intentions to enter the sports betting market.<b>DraftKings Inc</b>&nbsp;CEO Jason Robins serves on the company’s advisory board.</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>5 SPACs To Watch In The Second Half 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 SPACs To Watch In The Second Half 2021\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\">2021-06-29 23:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>As the close of the first half of 2021 nears,&nbsp;investors have a chance to look at some companies that could have big moves in the second half of 2021.</p>\n<p>Here is a look at five SPACs to watch in the second half of 2021.</p>\n<p><b>Churchill Capital Corp IV:</b>Electric vehicle company Lucid Motors ismergingwith&nbsp;<b>Churchill Capital Corp IV</b>&nbsp;in a deal that has been one of the most discussed of its kind. The deal valued Lucid Motors at $24 billion based on a pricing of $15 for the PIPE on the deal.</p>\n<p>Lucid Motors is&nbsp;set&nbsp;to launch the Lucid Air sedan in the second half of 2021. There were over 7,500 reservations of the Lucid Air in February representing $650 million in sales for Lucid Motors.</p>\n<p>The company’s production capabilities are 34,000 units annually, with expansion plans that would take the company to 365,000 units annually. Announced future models include the Lucid Gravity SUV in 2023 and plans for more sedan and SUVs in the future.</p>\n<p>Shares of CCIV had hit a high of $64.86 before falling below the $20 level. Shares traded over the $30 level shortly in March and have not reached that level again.</p>\n<p>With several catalysts coming in the second half of 2021, CCIV shares could see strong performance. Lucid Motors has not announced a date for the merger vote, which could be another catalyst for shareholders to watch.</p>\n<p><b>Altimeter Growth Corp:</b>&nbsp;The large Southeast Asian delivery, mobility and financial services company Grab&nbsp;announced&nbsp;a SPAC deal with&nbsp;<b>Altimeter Growth Corp</b>&nbsp;in one of the largest offerings for a company from the region in the U.S.</p>\n<p>Grab is the category leader for online food delivery, ride-hail and digital wallets in Southeast Asia. The company had gross merchandising value of $12.5 billion in 2020, which came in ahead of pre-pandemic levels.</p>\n<p>Over 670 million people live in Southeast Asia, which could give Grab a significant runway for future growth in its existing and new segments. Online food delivery penetration and digital wallets are smaller in market size in Asia than in&nbsp;regions like the U.S.</p>\n<p>The deal is expected to be completed in the later part of 2021, which could see shares trade favorably in the second half of 2021.</p>\n<p><b>Chamath SPACs:</b>One of the top names in the SPAC world still has two SPACs searching for targets. Chamath Palihapitiya’s&nbsp;<b>Social Capital Hedosophia Holdings Corp IV</b>&nbsp;and&nbsp;<b>Social Capital Hedosophia Holdings Corp VI</b>&nbsp;are SPACs that could perform well in the second half of 2021.</p>\n<p>IPOD has no rumors attached to it, while IPOF isrumoredto be bringing gym owner and&nbsp;<b>Peloton Interactive</b>&nbsp;rival Equinox public.</p>\n<p>IPOD&nbsp;raised&nbsp;$400 million and has the former CEO and co-founder of NextDoor to help pick a target.</p>\n<p>Dick Costolo, the former CEO of&nbsp;<b>Twitter Inc</b>&nbsp;from 2010 to 2015, is helping the $1-billion IPOF select a target.</p>\n<p>Palihapitiya recently&nbsp;filed&nbsp;for four biotech SPACs. That could mean deals are close to being announced for IPOD and IPOF — or he could have six active SPACs searching for targets later this year.</p>\n<p><b>Trident Acquisitions Corp:</b>One trend that has played out for SPACs in 2021 is that some well-known brands or companies trade better when they have the new name and ticker.</p>\n<p>The same could happen for Lottery.com, which is merging with&nbsp;<b>Trident Acquisitions Corp</b> and will trade under new ticker LTRY.</p>\n<p>Lottery.com&nbsp;has&nbsp;facilities in 12 states and plans to add six more in 2021, CEO Tony DiMatteo told Benzinga.</p>\n<p>A potential catalyst for the company is its acquisition of the sports.com domain and intentions to enter the sports betting market.<b>DraftKings Inc</b>&nbsp;CEO Jason Robins serves on the company’s advisory board.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IPOD":"Social Capital Hedosophia Holdings Corp. IV","IPOF":"Social Capital Hedosophia Holdings Corp VI"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146217494","content_text":"As the close of the first half of 2021 nears, investors have a chance to look at some companies that could have big moves in the second half of 2021.\nHere is a look at five SPACs to watch in the second half of 2021.\nChurchill Capital Corp IV:Electric vehicle company Lucid Motors ismergingwith Churchill Capital Corp IV in a deal that has been one of the most discussed of its kind. The deal valued Lucid Motors at $24 billion based on a pricing of $15 for the PIPE on the deal.\nLucid Motors is set to launch the Lucid Air sedan in the second half of 2021. There were over 7,500 reservations of the Lucid Air in February representing $650 million in sales for Lucid Motors.\nThe company’s production capabilities are 34,000 units annually, with expansion plans that would take the company to 365,000 units annually. Announced future models include the Lucid Gravity SUV in 2023 and plans for more sedan and SUVs in the future.\nShares of CCIV had hit a high of $64.86 before falling below the $20 level. Shares traded over the $30 level shortly in March and have not reached that level again.\nWith several catalysts coming in the second half of 2021, CCIV shares could see strong performance. Lucid Motors has not announced a date for the merger vote, which could be another catalyst for shareholders to watch.\nAltimeter Growth Corp: The large Southeast Asian delivery, mobility and financial services company Grab announced a SPAC deal with Altimeter Growth Corp in one of the largest offerings for a company from the region in the U.S.\nGrab is the category leader for online food delivery, ride-hail and digital wallets in Southeast Asia. The company had gross merchandising value of $12.5 billion in 2020, which came in ahead of pre-pandemic levels.\nOver 670 million people live in Southeast Asia, which could give Grab a significant runway for future growth in its existing and new segments. Online food delivery penetration and digital wallets are smaller in market size in Asia than in regions like the U.S.\nThe deal is expected to be completed in the later part of 2021, which could see shares trade favorably in the second half of 2021.\nChamath SPACs:One of the top names in the SPAC world still has two SPACs searching for targets. Chamath Palihapitiya’s Social Capital Hedosophia Holdings Corp IV and Social Capital Hedosophia Holdings Corp VI are SPACs that could perform well in the second half of 2021.\nIPOD has no rumors attached to it, while IPOF isrumoredto be bringing gym owner and Peloton Interactive rival Equinox public.\nIPOD raised $400 million and has the former CEO and co-founder of NextDoor to help pick a target.\nDick Costolo, the former CEO of Twitter Inc from 2010 to 2015, is helping the $1-billion IPOF select a target.\nPalihapitiya recently filed for four biotech SPACs. That could mean deals are close to being announced for IPOD and IPOF — or he could have six active SPACs searching for targets later this year.\nTrident Acquisitions Corp:One trend that has played out for SPACs in 2021 is that some well-known brands or companies trade better when they have the new name and ticker.\nThe same could happen for Lottery.com, which is merging with Trident Acquisitions Corp and will trade under new ticker LTRY.\nLottery.com has facilities in 12 states and plans to add six more in 2021, CEO Tony DiMatteo told Benzinga.\nA potential catalyst for the company is its acquisition of the sports.com domain and intentions to enter the sports betting market.DraftKings Inc CEO Jason Robins serves on the company’s advisory board.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194902200,"gmtCreate":1621331135700,"gmtModify":1631890272233,"author":{"id":"3577330790701186","authorId":"3577330790701186","name":"NAIISE","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577330790701186","idStr":"3577330790701186"},"themes":[],"htmlText":"Huat","listText":"Huat","text":"Huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/194902200","repostId":"1197358072","repostType":4,"repost":{"id":"1197358072","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621330963,"share":"https://www.laohu8.com/m/news/1197358072?lang=&edition=full","pubTime":"2021-05-18 17:42","market":"us","language":"en","title":"Baidu's 1Q Results Beat Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1197358072","media":"Tiger Newspress","summary":"Baidu, Inc. today announced its unaudited financial results for the first quarter ended March 31, 20","content":"<p>Baidu, Inc.&nbsp;today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p>“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”</p><p>“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&amp;D and operations to support the rapid growth of our AIpowered business.”</p><p><img src=\"https://static.tigerbbs.com/afb3caa729e48033c7dab8a4f9a02037\" tg-width=\"1187\" tg-height=\"697\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/15444e314a05131c16849f758e6776ea\" tg-width=\"1186\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>Baidu&nbsp;stock&nbsp;surged&nbsp;3.6%&nbsp;in aftermarket trading.</p><p><img src=\"https://static.tigerbbs.com/527d3dc60d4d86fc726bc558f46055cb\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>Other Highlights</b></p><p><b><i>Corporate</i></b></p><ul><li>Baidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021report<i>Clean Cloud: Tracking Renewable Energy Use inChina'sTech Industry</i>.</li><li>Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).</li><li>OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.</li><li>Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.</li></ul><p><b><i>AI Cloud</i></b></p><ul><li>Baidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.</li><li>Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.</li><li>A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.</li><li>Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.</li><li>Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.</li><li>Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.</li></ul><p><b><i>Intelligent Driving</i></b></p><ul><li>Apollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.</li><li>Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).</li><li>Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.</li><li>Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.</li><li>The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.</li><li>Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.</li><li>Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.</li><li>Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.</li><li>DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.</li></ul><p><b><i>Other Growth Initiatives</i></b></p><ul><li>DuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.</li><li>Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.</li><li>Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.</li><li>Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.</li></ul><p><i>Mobile Ecosystem</i></p><ul><li>Baidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.</li><li>Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:</li><li>BJH publisher accounts grew 40% year over year to reached 4.2 million.</li><li>Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; and</li><li>Revenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.</li></ul><p><b><i>iQIYI</i></b></p><p>iQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.</p><p><b>First Quarter 2021 Results</b></p><p><b>Total revenues</b>wereRMB 28.1 billion($4.29 billion), increasing 25% year over year.</p><ul><li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 20.5 billion($3.13 billion), increasing 34% year over year.<b>Online marketing revenue</b>&nbsp;was&nbsp;RMB 16.3 billion($2.48 billion), up 27% year over year.<b>Non-marketing revenue</b>&nbsp;was&nbsp;RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.</li><li><b>Revenue from iQIYI</b>&nbsp;was&nbsp;RMB 8.0 billion($1.22 billion), increasing 4% year over year.</li></ul><p><b>Cost of revenues</b>&nbsp;was&nbsp;RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.</p><p><b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.</p><p><b>Research and development expense</b>wasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.</p><p><b>Operating income</b>&nbsp;was&nbsp;RMB 2.8 billion($426 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.4 billion($666 million).<b>Non-GAAP Baidu Core operating income</b>&nbsp;was&nbsp;RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.</p><p><b>Total other income, net</b>&nbsp;was&nbsp;RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments,&nbsp;mainly&nbsp;including a gain from the investment in Kuaishou Technology.</p><p><b>Income tax expense</b>&nbsp;was&nbsp;RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.</p><p><b>Net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).<b>Net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 26.4 billion($4.02 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 4.9 billion($743 million).</p><p><b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 5.9 billion&nbsp;($901 million).<b>Adjusted EBITDA for Baidu Core</b>wasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.</p><p>As ofMarch 31, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 172.9 billion($26.40 billion), and&nbsp;<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 159.6 billion($24.37 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 2.6 billion($400 million), and&nbsp;<b>free cash flow excluding iQIYI</b>&nbsp;was&nbsp;RMB 4.0 billion($615 million).</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>Baidu's 1Q Results Beat Estimates</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; 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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\">\nBaidu's 1Q Results Beat Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-18 17:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Baidu, Inc.&nbsp;today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p>“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”</p><p>“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&amp;D and operations to support the rapid growth of our AIpowered business.”</p><p><img src=\"https://static.tigerbbs.com/afb3caa729e48033c7dab8a4f9a02037\" tg-width=\"1187\" tg-height=\"697\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/15444e314a05131c16849f758e6776ea\" tg-width=\"1186\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>Baidu&nbsp;stock&nbsp;surged&nbsp;3.6%&nbsp;in aftermarket trading.</p><p><img src=\"https://static.tigerbbs.com/527d3dc60d4d86fc726bc558f46055cb\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>Other Highlights</b></p><p><b><i>Corporate</i></b></p><ul><li>Baidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021report<i>Clean Cloud: Tracking Renewable Energy Use inChina'sTech Industry</i>.</li><li>Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).</li><li>OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.</li><li>Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.</li></ul><p><b><i>AI Cloud</i></b></p><ul><li>Baidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.</li><li>Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.</li><li>A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.</li><li>Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.</li><li>Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.</li><li>Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.</li></ul><p><b><i>Intelligent Driving</i></b></p><ul><li>Apollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.</li><li>Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).</li><li>Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.</li><li>Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.</li><li>The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.</li><li>Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.</li><li>Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.</li><li>Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.</li><li>DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.</li></ul><p><b><i>Other Growth Initiatives</i></b></p><ul><li>DuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.</li><li>Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.</li><li>Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.</li><li>Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.</li></ul><p><i>Mobile Ecosystem</i></p><ul><li>Baidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.</li><li>Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:</li><li>BJH publisher accounts grew 40% year over year to reached 4.2 million.</li><li>Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; and</li><li>Revenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.</li></ul><p><b><i>iQIYI</i></b></p><p>iQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.</p><p><b>First Quarter 2021 Results</b></p><p><b>Total revenues</b>wereRMB 28.1 billion($4.29 billion), increasing 25% year over year.</p><ul><li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 20.5 billion($3.13 billion), increasing 34% year over year.<b>Online marketing revenue</b>&nbsp;was&nbsp;RMB 16.3 billion($2.48 billion), up 27% year over year.<b>Non-marketing revenue</b>&nbsp;was&nbsp;RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.</li><li><b>Revenue from iQIYI</b>&nbsp;was&nbsp;RMB 8.0 billion($1.22 billion), increasing 4% year over year.</li></ul><p><b>Cost of revenues</b>&nbsp;was&nbsp;RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.</p><p><b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.</p><p><b>Research and development expense</b>wasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.</p><p><b>Operating income</b>&nbsp;was&nbsp;RMB 2.8 billion($426 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.4 billion($666 million).<b>Non-GAAP Baidu Core operating income</b>&nbsp;was&nbsp;RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.</p><p><b>Total other income, net</b>&nbsp;was&nbsp;RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments,&nbsp;mainly&nbsp;including a gain from the investment in Kuaishou Technology.</p><p><b>Income tax expense</b>&nbsp;was&nbsp;RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.</p><p><b>Net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).<b>Net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 26.4 billion($4.02 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 4.9 billion($743 million).</p><p><b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 5.9 billion&nbsp;($901 million).<b>Adjusted EBITDA for Baidu Core</b>wasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.</p><p>As ofMarch 31, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 172.9 billion($26.40 billion), and&nbsp;<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 159.6 billion($24.37 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 2.6 billion($400 million), and&nbsp;<b>free cash flow excluding iQIYI</b>&nbsp;was&nbsp;RMB 4.0 billion($615 million).</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09888":"百度集团-SW","BIDU":"百度"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197358072","content_text":"Baidu, Inc. today announced its unaudited financial results for the first quarter ended March 31, 2021.“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&D and operations to support the rapid growth of our AIpowered business.”Baidu stock surged 3.6% in aftermarket trading.Other HighlightsCorporateBaidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021reportClean Cloud: Tracking Renewable Energy Use inChina'sTech Industry.Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.AI CloudBaidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.Intelligent DrivingApollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.Other Growth InitiativesDuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.Mobile EcosystemBaidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:BJH publisher accounts grew 40% year over year to reached 4.2 million.Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; andRevenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.iQIYIiQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.First Quarter 2021 ResultsTotal revenueswereRMB 28.1 billion($4.29 billion), increasing 25% year over year.Revenue from Baidu Core was RMB 20.5 billion($3.13 billion), increasing 34% year over year.Online marketing revenue was RMB 16.3 billion($2.48 billion), up 27% year over year.Non-marketing revenue was RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.Revenue from iQIYI was RMB 8.0 billion($1.22 billion), increasing 4% year over year.Cost of revenues was RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.Selling, general and administrative expenses were RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.Research and development expensewasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.Operating income was RMB 2.8 billion($426 million).Baidu Core operating income was RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.Non-GAAP operating income was RMB 4.4 billion($666 million).Non-GAAP Baidu Core operating income was RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.Total other income, net was RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments, mainly including a gain from the investment in Kuaishou Technology.Income tax expense was RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.Net income attributable to Baidu was RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).Net income attributable to Baidu Core was RMB 26.4 billion($4.02 billion).Non-GAAP net income attributable to Baidu was RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).Non-GAAP net income attributable to Baidu Core was RMB 4.9 billion($743 million).Adjusted EBITDA was RMB 5.9 billion ($901 million).Adjusted EBITDA for Baidu CorewasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.As ofMarch 31, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 172.9 billion($26.40 billion), and cash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 159.6 billion($24.37 billion).Free cash flow was RMB 2.6 billion($400 million), and free cash flow excluding iQIYI was RMB 4.0 billion($615 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