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2021-03-27

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Zhihu Technology fall on its first day of trading

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The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu Technology fall on its first day of trading</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\">\nZhihu Technology fall on its first day of trading\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\">2021-03-27 01:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1},"isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359375041,"gmtCreate":1616370385083,"gmtModify":1634526245697,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359375041","repostId":"1188846193","repostType":4,"repost":{"id":"1188846193","pubTimestamp":1616152118,"share":"https://www.laohu8.com/m/news/1188846193?lang=&edition=full","pubTime":"2021-03-19 19:08","market":"us","language":"en","title":"3 Unbeatable Growth Stocks to Buy If the Market Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1188846193","media":"Motley Fool","summary":"A plunging stock market would allow investors to scoop up these superior businesses at a discount.Yo","content":"<blockquote>A plunging stock market would allow investors to scoop up these superior businesses at a discount.</blockquote><p>You might not like what I'm about to say, but history says it's a fact:Stock market crashes are inevitable.</p><p>Over the past 71 years, the benchmark<b>S&amp;P 500</b>has undergone 38 corrections and crashes that led to a double-digit decline in the index. For you math-phobes out there, this works out to a double-digit decline once every 1.87 years. Crashes are common, and there are always catalysts waiting in the wings to send the market screaming lower.</p><p>For example, the Shiller price-to-earnings (P/E) ratio for the S&amp;P 500 -- a measure of the average inflation-adjusted earnings from the previous 10 years -- nearly hit 36 this week. That's well over double the 150-year average of 16.8. What's more, the previous four times the S&amp;P 500's Shiller P/E ratio topped (and sustained) 30, the indexlost a minimum of 20%.</p><p>Additionally, margin use among retail investors is up. According to a Harris poll released in September, 43% of retail investors are relying on leverage, whether that means buying on margin or using options in an attempt to time the market. If things get moving in the wrong direction, margin calls could seriously hurt the stock market.</p><p>But there's good news here, as well.</p><p>Each and every stock market crash and correction in history has proved to be a buying opportunity for long-term investors. Eventually, a bull market always erases a correction or bear market decline. With this in mind, the following three unbeatablegrowth stockswould be the perfect buys if the market crashes.</p><p><b>CrowdStrike Holdings</b></p><p>Following its stellar fiscal fourth-quarter operating results,cybersecurity stock<b>CrowdStrike Holdings</b>(NASDAQ:CRWD)is looking like an absolute must-own if a market crash occurs.</p><p>On a macro basis, there should be a double-digit annualized growth opportunity for cybersecurity companies throughout the decade. Businesses were already moving their data into the cloud well before the coronavirus pandemic hit. The past year has simply accelerated an existing trend and generated even more demand for third-party solutions.</p><p>What makes CrowdStrike such a studis the company's Falcon security platform. Falcon is cloud native, responsible for overseeing more than 3 trillion events each week, and is leaning on artificial intelligence (AI) to grow smarter over time. In layman's terms, Falcon can respond to potential threats much faster than in-house security solutions, and in many cases, it can do so at a cheaper overall cost.</p><p>What's become readily apparent is that CrowdStrike's clients love the product. Over the past 15 quarters (three years, nine months), the percentage of customers with at least four cloud module subscriptions has catapulted from 9% to 63%. What's more, the company has a 12-quarter streak of its dollar-based retention rate topping at least 123%. This means existing customers are spending at least 23% more year over year on subscription services. That's not a surprising figure when you realize that 98% of clients are retained year over year.</p><p>But possibly the craziest thing of all about CrowdStrike is that the company's long-term subscription gross margin target of 75% to 80%-plushas already been achieved, despite the company still being in the early innings of its growth. CrowdStrike has all the makings of a dominant force in cybersecurity solutions.</p><p><b>Teladoc Health</b></p><p>Another growth stock investors can comfortably pile into during a stock market crash is telemedicine giant<b>Teladoc Health</b>(NYSE:TDOC).</p><p>As you might have rightly guessed, Teladoc benefited in a big way from the coronavirus pandemic. With physicians and hospitals aiming to keep potentially infected patients and people with chronic health conditions in their homes, the medical community turned in big numbers for virtual visits. In total, Teladoc handled just shy of 10.6 million virtual visits in 2020, up from 4.14 million visits in the prior-year period.</p><p>The big question is: Can Teladoc's growth continue in a post-pandemic environment? The answer ishighly likely to be yes. That's because telehealth is extremely convenient for patients and can help physicians better monitor chronically ill patients. Best of all, virtual visits are usually billed at a lower rate than office visits, which makes telehealth an instant hit with health insurers.</p><p>Teladoc's acquisition ofleading applied health-signals companyLivongo Health also gives it a competitive edge. Livongo is a data-driven company that relies on artificial intelligence (AI) to send its subscribers tips and nudges to help them lead healthier lives. Livongo has secured more than 500,000 diabetics as subscribers and has plans to expand its service to cover hypertension and weight management. In my estimate, Livongo's services could encompass in the neighborhood of 40% of the U.S. population.</p><p>As a combined entity, Teladoc and Livongo have the ability to cross-sell, too. With both companies working toward personalizing the care process and improving care oversight, Teladoc looks like a good bet to be one of the fastest-growinghealthcare stocksof the decade.</p><p><b>Amazon</b></p><p>Finally, when the stock market crashes next, don't be afraid to pull the trigger on shares of e-commerce kingpin<b>Amazon</b>(NASDAQ:AMZN).</p><p>If you're noticing a trend here, it's that many of the fastest-growing companies benefited from the pandemic -- more specifically, the shift toward online consumption or data storage. Last year, Amazonregistered $386.1 billion in sales, which represents an increase of $105.6 billion, or 38%, from the prior-year period. No one on Wall Street is used to megacap companies growing this robustly.</p><p>One reason Amazon is such a successful company is its sheer dominance of online retail. According to eMarketer, Amazon's U.S. online retail share is expected tojump 100 basis points to 39.7% in 2021. Put another way, $0.40 of every $1 spent online in the U.S. is routed through Amazon.</p><p>Even though retail margins are nothing to write home about, this sheer dominance has helped the company sign up well over 150 million people worldwide to a Prime subscription. The fees Amazon generates from Prime help it to undercut brick-and-mortar retailers on price.</p><p>Amazon is also a leader in cloud infrastructure services. Amazon Web Services (AWS) grew sales by 30% in 2020 -- i.e., during the worst economic downturn in decades. Despite accounting for only 11.8% of total sales last year, the exceptionally high margins associated with cloud infrastructure helped AWS bring in $13.5 billion of Amazon's $22.9 billion in operating income. As AWS grows into a larger percentage of total sales,operating cash flow is going to soar.</p><p>After regularly being valued at between 23 and 37 times year-end cash flow, Amazon's current share price has it on pace for a multiple relative to cash flow of sub-15 in 2023. That makes it a bargain you'll want to scoop up on any major dip.</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 Unbeatable Growth Stocks to Buy If the Market Crashes</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 Unbeatable Growth Stocks to Buy If the Market Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 19:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/19/3-unbeatable-growth-stocks-buy-if-market-crashes/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A plunging stock market would allow investors to scoop up these superior businesses at a discount.You might not like what I'm about to say, but history says it's a fact:Stock market crashes are ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/19/3-unbeatable-growth-stocks-buy-if-market-crashes/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/19/3-unbeatable-growth-stocks-buy-if-market-crashes/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188846193","content_text":"A plunging stock market would allow investors to scoop up these superior businesses at a discount.You might not like what I'm about to say, but history says it's a fact:Stock market crashes are inevitable.Over the past 71 years, the benchmarkS&P 500has undergone 38 corrections and crashes that led to a double-digit decline in the index. For you math-phobes out there, this works out to a double-digit decline once every 1.87 years. Crashes are common, and there are always catalysts waiting in the wings to send the market screaming lower.For example, the Shiller price-to-earnings (P/E) ratio for the S&P 500 -- a measure of the average inflation-adjusted earnings from the previous 10 years -- nearly hit 36 this week. That's well over double the 150-year average of 16.8. What's more, the previous four times the S&P 500's Shiller P/E ratio topped (and sustained) 30, the indexlost a minimum of 20%.Additionally, margin use among retail investors is up. According to a Harris poll released in September, 43% of retail investors are relying on leverage, whether that means buying on margin or using options in an attempt to time the market. If things get moving in the wrong direction, margin calls could seriously hurt the stock market.But there's good news here, as well.Each and every stock market crash and correction in history has proved to be a buying opportunity for long-term investors. Eventually, a bull market always erases a correction or bear market decline. With this in mind, the following three unbeatablegrowth stockswould be the perfect buys if the market crashes.CrowdStrike HoldingsFollowing its stellar fiscal fourth-quarter operating results,cybersecurity stockCrowdStrike Holdings(NASDAQ:CRWD)is looking like an absolute must-own if a market crash occurs.On a macro basis, there should be a double-digit annualized growth opportunity for cybersecurity companies throughout the decade. Businesses were already moving their data into the cloud well before the coronavirus pandemic hit. The past year has simply accelerated an existing trend and generated even more demand for third-party solutions.What makes CrowdStrike such a studis the company's Falcon security platform. Falcon is cloud native, responsible for overseeing more than 3 trillion events each week, and is leaning on artificial intelligence (AI) to grow smarter over time. In layman's terms, Falcon can respond to potential threats much faster than in-house security solutions, and in many cases, it can do so at a cheaper overall cost.What's become readily apparent is that CrowdStrike's clients love the product. Over the past 15 quarters (three years, nine months), the percentage of customers with at least four cloud module subscriptions has catapulted from 9% to 63%. What's more, the company has a 12-quarter streak of its dollar-based retention rate topping at least 123%. This means existing customers are spending at least 23% more year over year on subscription services. That's not a surprising figure when you realize that 98% of clients are retained year over year.But possibly the craziest thing of all about CrowdStrike is that the company's long-term subscription gross margin target of 75% to 80%-plushas already been achieved, despite the company still being in the early innings of its growth. CrowdStrike has all the makings of a dominant force in cybersecurity solutions.Teladoc HealthAnother growth stock investors can comfortably pile into during a stock market crash is telemedicine giantTeladoc Health(NYSE:TDOC).As you might have rightly guessed, Teladoc benefited in a big way from the coronavirus pandemic. With physicians and hospitals aiming to keep potentially infected patients and people with chronic health conditions in their homes, the medical community turned in big numbers for virtual visits. In total, Teladoc handled just shy of 10.6 million virtual visits in 2020, up from 4.14 million visits in the prior-year period.The big question is: Can Teladoc's growth continue in a post-pandemic environment? The answer ishighly likely to be yes. That's because telehealth is extremely convenient for patients and can help physicians better monitor chronically ill patients. Best of all, virtual visits are usually billed at a lower rate than office visits, which makes telehealth an instant hit with health insurers.Teladoc's acquisition ofleading applied health-signals companyLivongo Health also gives it a competitive edge. Livongo is a data-driven company that relies on artificial intelligence (AI) to send its subscribers tips and nudges to help them lead healthier lives. Livongo has secured more than 500,000 diabetics as subscribers and has plans to expand its service to cover hypertension and weight management. In my estimate, Livongo's services could encompass in the neighborhood of 40% of the U.S. population.As a combined entity, Teladoc and Livongo have the ability to cross-sell, too. With both companies working toward personalizing the care process and improving care oversight, Teladoc looks like a good bet to be one of the fastest-growinghealthcare stocksof the decade.AmazonFinally, when the stock market crashes next, don't be afraid to pull the trigger on shares of e-commerce kingpinAmazon(NASDAQ:AMZN).If you're noticing a trend here, it's that many of the fastest-growing companies benefited from the pandemic -- more specifically, the shift toward online consumption or data storage. Last year, Amazonregistered $386.1 billion in sales, which represents an increase of $105.6 billion, or 38%, from the prior-year period. No one on Wall Street is used to megacap companies growing this robustly.One reason Amazon is such a successful company is its sheer dominance of online retail. According to eMarketer, Amazon's U.S. online retail share is expected tojump 100 basis points to 39.7% in 2021. Put another way, $0.40 of every $1 spent online in the U.S. is routed through Amazon.Even though retail margins are nothing to write home about, this sheer dominance has helped the company sign up well over 150 million people worldwide to a Prime subscription. The fees Amazon generates from Prime help it to undercut brick-and-mortar retailers on price.Amazon is also a leader in cloud infrastructure services. Amazon Web Services (AWS) grew sales by 30% in 2020 -- i.e., during the worst economic downturn in decades. Despite accounting for only 11.8% of total sales last year, the exceptionally high margins associated with cloud infrastructure helped AWS bring in $13.5 billion of Amazon's $22.9 billion in operating income. As AWS grows into a larger percentage of total sales,operating cash flow is going to soar.After regularly being valued at between 23 and 37 times year-end cash flow, Amazon's current share price has it on pace for a multiple relative to cash flow of sub-15 in 2023. That makes it a bargain you'll want to scoop up on any major dip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":327772019,"gmtCreate":1616131349631,"gmtModify":1634527069529,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327772019","repostId":"1165419770","repostType":4,"repost":{"id":"1165419770","pubTimestamp":1616121134,"share":"https://www.laohu8.com/m/news/1165419770?lang=&edition=full","pubTime":"2021-03-19 10:32","market":"us","language":"en","title":"Disney’s Streaming Business Has Grabbed All the Attention. It’s the Theme Parks’ Turn Now.","url":"https://stock-news.laohu8.com/highlight/detail?id=1165419770","media":"Barrons","summary":"Walt Disney’s story over the past year has focused on the success of its streaming business and othe","content":"<p>Walt Disney’s&nbsp;story over the past year has focused on the success of its streaming business and other digital operations as its traditional theme parks remained shut down.</p>\n<p>Expect the narrative to flip&nbsp;as Disneyl&nbsp;and reopens next monthand pent-up demand brings Mickey Mouse lovers back to its theme park locations in California, Florida and other parts of the world, says&nbsp;JPMorgan&nbsp;analyst Alexia Quadrani.</p>\n<p>Walt Disney&nbsp;(ticker: DIS) has been trading near all-time highs in recent weeks, but Wall Street sees room for more gains. Twelve analysts have raised their price targets on the stock since mid-February, with a Street-high of $230, according to FactSet.</p>\n<p>That implies an 18% gain from the current price.Walt Disney&nbsp;shares fell 1.5% on Thursday, to around $192 but are up 6.1% this year compared to the S&amp;P 500’s 4.2% year-to-date gain.</p>\n<p>Disney+, the streaming product introduced last year, amassed 100 million subscribers as of earlier this month. While movies were delayed for release in theaters because of business shutdowns, Disney used the platform to debut its latest films, including the live action<i>Mulan</i>last year.</p>\n<p>JPMorgan’s Quadrani said the robust growth of Disney+ “will likely continue to award the stock a higher multiple as it increases conviction in its longer-term success and path to profitability.”</p>\n<p>The bank kept its price target at $220 and its Overweight rating on Disney stock.</p>\n<p>But it is the&nbsp;theme park reopenings&nbsp;that will drive recovery this year, JPMorgan said.</p>\n<p>Disney’s new advanced reservation systems and annual pass program changes — both instituted during last year’s shutdowns and gradual reopenings — could actually deliver more growth over time, Quadrani said.</p>\n<p>“As Disney compiles more data around reservation and demand on any given day, they can become better at dynamically pricing tickets and yield management, leading to greater opportunities for revenue growth in our view,” she wrote in a note.</p>\n<p>It’s not the only theme park operator poised for a rebound.Six Flags Entertainment&nbsp;will also be reopening parks next month, including its Magic Mountain in Los Angeles.Six Flags Entertainment&nbsp;shares (SIX) were up 0.9% on Thursday and have gained 47% this year.</p>\n<p>Disney’s theme park closures cost $6.9 billion in operating income for fiscal year 2020, with the biggest hit coming in the third quarter, JPMorgan said.</p>\n<p>While shut down, however, Disney worked on upgrading the attractions and operations. The legacy business, including theme parks, “will come into greater focus over the next 12 months as the pace of recovery has an outsized impact on profitability,” Quadrani said.</p>\n<p>Also working in Disney’s favor: the economic rebound is expected to move more swiftly than the last downturn, which followed the 2008 financial crisis. In that earlier period, it took Disney six years to return to pre-crisis operating margins, Quadrani noted.</p>\n<p>She sees margins improving this time around by 2023, possibly even surpassing the 2019 peak by 60 basis points, to 26.4%.</p>\n<p>Disney had to delay the completion of some projects, such as the Star Wars: Galactic Cruiser hotel at its Hollywood Studios in Florida and its Avengers attraction at Disneyland in California.&nbsp; Both should be open in time for the kick off of Disney World’s 50th anniversary in October.</p>\n<p>The theme park operator is also adding attractions to its locations in Paris, Hong Kong, Shanghai, and Tokyo, Quadrani said.</p>\n<p>Disneyland’s reopening on April 30 includes its California Adventure park and a phased reopening of the Disney-owned hotels located there.</p>\n<p>A new attraction at Florida’s Epcot park, Remy’s Ratatouille Adventure, is slated to open in October.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Disney’s Streaming Business Has Grabbed All the Attention. It’s the Theme Parks’ Turn Now.</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\">\nDisney’s Streaming Business Has Grabbed All the Attention. It’s the Theme Parks’ Turn Now.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 10:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/disneys-streaming-business-has-grabbed-all-the-attention-its-the-theme-parks-turn-now-51616094105?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Walt Disney’s story over the past year has focused on the success of its streaming business and other digital operations as its traditional theme parks remained shut down.\nExpect the narrative to flip...</p>\n\n<a href=\"https://www.barrons.com/articles/disneys-streaming-business-has-grabbed-all-the-attention-its-the-theme-parks-turn-now-51616094105?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://www.barrons.com/articles/disneys-streaming-business-has-grabbed-all-the-attention-its-the-theme-parks-turn-now-51616094105?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165419770","content_text":"Walt Disney’s story over the past year has focused on the success of its streaming business and other digital operations as its traditional theme parks remained shut down.\nExpect the narrative to flip as Disneyl and reopens next monthand pent-up demand brings Mickey Mouse lovers back to its theme park locations in California, Florida and other parts of the world, says JPMorgan analyst Alexia Quadrani.\nWalt Disney (ticker: DIS) has been trading near all-time highs in recent weeks, but Wall Street sees room for more gains. Twelve analysts have raised their price targets on the stock since mid-February, with a Street-high of $230, according to FactSet.\nThat implies an 18% gain from the current price.Walt Disney shares fell 1.5% on Thursday, to around $192 but are up 6.1% this year compared to the S&P 500’s 4.2% year-to-date gain.\nDisney+, the streaming product introduced last year, amassed 100 million subscribers as of earlier this month. While movies were delayed for release in theaters because of business shutdowns, Disney used the platform to debut its latest films, including the live actionMulanlast year.\nJPMorgan’s Quadrani said the robust growth of Disney+ “will likely continue to award the stock a higher multiple as it increases conviction in its longer-term success and path to profitability.”\nThe bank kept its price target at $220 and its Overweight rating on Disney stock.\nBut it is the theme park reopenings that will drive recovery this year, JPMorgan said.\nDisney’s new advanced reservation systems and annual pass program changes — both instituted during last year’s shutdowns and gradual reopenings — could actually deliver more growth over time, Quadrani said.\n“As Disney compiles more data around reservation and demand on any given day, they can become better at dynamically pricing tickets and yield management, leading to greater opportunities for revenue growth in our view,” she wrote in a note.\nIt’s not the only theme park operator poised for a rebound.Six Flags Entertainment will also be reopening parks next month, including its Magic Mountain in Los Angeles.Six Flags Entertainment shares (SIX) were up 0.9% on Thursday and have gained 47% this year.\nDisney’s theme park closures cost $6.9 billion in operating income for fiscal year 2020, with the biggest hit coming in the third quarter, JPMorgan said.\nWhile shut down, however, Disney worked on upgrading the attractions and operations. The legacy business, including theme parks, “will come into greater focus over the next 12 months as the pace of recovery has an outsized impact on profitability,” Quadrani said.\nAlso working in Disney’s favor: the economic rebound is expected to move more swiftly than the last downturn, which followed the 2008 financial crisis. In that earlier period, it took Disney six years to return to pre-crisis operating margins, Quadrani noted.\nShe sees margins improving this time around by 2023, possibly even surpassing the 2019 peak by 60 basis points, to 26.4%.\nDisney had to delay the completion of some projects, such as the Star Wars: Galactic Cruiser hotel at its Hollywood Studios in Florida and its Avengers attraction at Disneyland in California.  Both should be open in time for the kick off of Disney World’s 50th anniversary in October.\nThe theme park operator is also adding attractions to its locations in Paris, Hong Kong, Shanghai, and Tokyo, Quadrani said.\nDisneyland’s reopening on April 30 includes its California Adventure park and a phased reopening of the Disney-owned hotels located there.\nA new attraction at Florida’s Epcot park, Remy’s Ratatouille Adventure, is slated to open in October.","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":325746954,"gmtCreate":1615940383178,"gmtModify":1703495225296,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325746954","repostId":"2119619927","repostType":4,"repost":{"id":"2119619927","pubTimestamp":1615907700,"share":"https://www.laohu8.com/m/news/2119619927?lang=&edition=full","pubTime":"2021-03-16 23:15","market":"us","language":"en","title":"Forget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys","url":"https://stock-news.laohu8.com/highlight/detail?id=2119619927","media":"Prosper Junior Bakiny","summary":"No need to invest in faltering businesses -- these two winning companies are better bets.","content":"<p>The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the list of the 100 most popular stocks on the platform. However, some of the stocks on that list are head-scratchers. For instance, <b>GameStop</b> (NYSE:GME) and <b>AMC Entertainment</b> (NYSE:AMC) are among the top 20 most commonly held stocks on the app as of this writing.</p><p>Both of these businesses are struggling, in part due to their reliance on brick-and-mortar operations, which were severely impacted by the pandemic. Further, both AMC and Gamestop were at the center of the now (in)famous short-squeeze fiasco orchestrated by traders from Reddit's r/WallStreetBets. Investors would be better off staying away from these two unpredictable companies and instead purchasing shares of Robinhood stocks with solid futures ahead of them. Two such companies worth considering are <b>Pfizer</b> (NYSE:PFE) and <b>Netflix</b> (NASDAQ:NFLX).</p><p><img src=\"https://media.ycharts.com/charts/693c6b3570e5dc157db6f1cb5d80481e.png\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"></p><p>^SPX data by YCharts</p><p><b>1. Pfizer</b></p><p>You've probably heard a lot about Pfizer in the past few months. The company and its partner, <b>BioNTech</b>, developed BNT162b2, and received Emergency Use Authorization from the U.S. Food and Drug Administration (FDA) in December, becoming the first authorized COVID-19 vaccine in the U.S. BNT162b2 has also been approved in the European Union.</p><p>While Pfizer and BioNTech have to share the vaccine supply gameboard with several other companies, including <b>Johnson &amp; Johnson</b>, <b>AstraZeneca</b>, and <b>Moderna</b>, the market (i.e., the entire world) is large enough for there to be multiple winners. In other words, BNT162b2 will contribute meaningfully to Pfizer's top line, especially since there is evidence of it being effective against some of the newer variants of the virus.</p><p>But the company's lineup is much bigger than just this <a href=\"https://laohu8.com/S/AONE\">one</a> vaccine. Some of Pfizer's top-performing products include anticoagulant Eliquis and cancer treatments Ibrance and Xtandi. Sales of Eliquis for fiscal year 2020 (ended Dec. 31) were $4.9 billion, a 17% year-over-year increase. Ibrance's revenue jumped by 9% year over year to $5.4 billion, while Xtandi's sales came in at roughly $1 billion, representing 22% growth from fiscal year 2019.</p><p>Pfizer also boasts 95 programs in its pipeline, including 24 ongoing phase 3 studies. Pfizer is well-positioned to keep adding new revenue sources to its lineup every year. Lastly, it is worth noting that Pfizer spun-off its off-patent medicine unit Upjohn to the company formerly known as Mylan. The combined entity of Mylan and Upjohn is called <b>Viatris</b>, and it started trading on the market on Nov. 17.</p><p>Pfizer decided to make this move because Upjohn's declining sales were hurting its bottom line. The company can now focus on its more profitable biopharma business. This focus should help Pfizer improve its financial results, which will help its stock recover from its underperformance relative to the market in the past year.</p><p>With a more focused business, a short-term catalyst in the form of its coronavirus vaccine, other medicines with growing sales, and a rich pipeline to keep revenue sources coming, this pharma stock looks like a much better long-term bet than AMC or GameStop.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F617555%2Fgettyimages-1291715271.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images</p><p><b>2. Netflix</b></p><p>Netflix is already <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the leading streaming video platforms in the world, but the company isn't done growing. What are the opportunities ahead for the tech giant? First, the company is looking to add even more users to its platform. As of its fourth quarter ending Dec. 31, the company had 8.51 million net new subscribers. It ended the period with a total of 203.7 million paid subscriptions, representing a year-over-year increase of 21.9%. Netflix thinks it will add 6 million new subscribers in the first quarter of 2021.</p><p>And the streaming services industry as a whole has a long runway for growth. According to Grand View Research, this market was worth 50.1 billion in 2020, and it is projected to expand at a compound annual growth rate (CAGR) of 21% between 2021 and 2028.</p><p>As one of the most recognizable names in this segment, Netflix is well-positioned to profit, especially since competing streaming platforms are more than capable of coexisting. One of the most powerful weapons in these platforms' arsenals is original content, and Netflix has been pouring money into original series and movies in the hopes of building a library people will want to keep coming back to.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F617555%2Fgettyimages-1174414330.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>These investments have played an important role in the company's success in recent years. Since the content on Netflix is different from that of some of its peers,&nbsp;many customers are more than happy to pay for subscriptions to several companies in this space. The long-term plan for Netflix is simple: Replace regular TV.</p><p>The company offers several advantages over cable: no ads, no long-term contracts, and on-demand movies and series streaming on any device. And while some cable providers have started to adapt to the new paradigm, Netflix is well on its way to continue its long winning streak in the streaming industry. Those factors make the company's stock worth a buy.</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>Forget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys</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\">\nForget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/><strong>Prosper Junior Bakiny</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BPOPN":"Popular","BPOPM":"Popular"},"source_url":"https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119619927","content_text":"The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the list of the 100 most popular stocks on the platform. However, some of the stocks on that list are head-scratchers. For instance, GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) are among the top 20 most commonly held stocks on the app as of this writing.Both of these businesses are struggling, in part due to their reliance on brick-and-mortar operations, which were severely impacted by the pandemic. Further, both AMC and Gamestop were at the center of the now (in)famous short-squeeze fiasco orchestrated by traders from Reddit's r/WallStreetBets. Investors would be better off staying away from these two unpredictable companies and instead purchasing shares of Robinhood stocks with solid futures ahead of them. Two such companies worth considering are Pfizer (NYSE:PFE) and Netflix (NASDAQ:NFLX).^SPX data by YCharts1. PfizerYou've probably heard a lot about Pfizer in the past few months. The company and its partner, BioNTech, developed BNT162b2, and received Emergency Use Authorization from the U.S. Food and Drug Administration (FDA) in December, becoming the first authorized COVID-19 vaccine in the U.S. BNT162b2 has also been approved in the European Union.While Pfizer and BioNTech have to share the vaccine supply gameboard with several other companies, including Johnson & Johnson, AstraZeneca, and Moderna, the market (i.e., the entire world) is large enough for there to be multiple winners. In other words, BNT162b2 will contribute meaningfully to Pfizer's top line, especially since there is evidence of it being effective against some of the newer variants of the virus.But the company's lineup is much bigger than just this one vaccine. Some of Pfizer's top-performing products include anticoagulant Eliquis and cancer treatments Ibrance and Xtandi. Sales of Eliquis for fiscal year 2020 (ended Dec. 31) were $4.9 billion, a 17% year-over-year increase. Ibrance's revenue jumped by 9% year over year to $5.4 billion, while Xtandi's sales came in at roughly $1 billion, representing 22% growth from fiscal year 2019.Pfizer also boasts 95 programs in its pipeline, including 24 ongoing phase 3 studies. Pfizer is well-positioned to keep adding new revenue sources to its lineup every year. Lastly, it is worth noting that Pfizer spun-off its off-patent medicine unit Upjohn to the company formerly known as Mylan. The combined entity of Mylan and Upjohn is called Viatris, and it started trading on the market on Nov. 17.Pfizer decided to make this move because Upjohn's declining sales were hurting its bottom line. The company can now focus on its more profitable biopharma business. This focus should help Pfizer improve its financial results, which will help its stock recover from its underperformance relative to the market in the past year.With a more focused business, a short-term catalyst in the form of its coronavirus vaccine, other medicines with growing sales, and a rich pipeline to keep revenue sources coming, this pharma stock looks like a much better long-term bet than AMC or GameStop.Image source: Getty Images2. NetflixNetflix is already one of the leading streaming video platforms in the world, but the company isn't done growing. What are the opportunities ahead for the tech giant? First, the company is looking to add even more users to its platform. As of its fourth quarter ending Dec. 31, the company had 8.51 million net new subscribers. It ended the period with a total of 203.7 million paid subscriptions, representing a year-over-year increase of 21.9%. Netflix thinks it will add 6 million new subscribers in the first quarter of 2021.And the streaming services industry as a whole has a long runway for growth. According to Grand View Research, this market was worth 50.1 billion in 2020, and it is projected to expand at a compound annual growth rate (CAGR) of 21% between 2021 and 2028.As one of the most recognizable names in this segment, Netflix is well-positioned to profit, especially since competing streaming platforms are more than capable of coexisting. One of the most powerful weapons in these platforms' arsenals is original content, and Netflix has been pouring money into original series and movies in the hopes of building a library people will want to keep coming back to.Image source: Getty Images.These investments have played an important role in the company's success in recent years. Since the content on Netflix is different from that of some of its peers, many customers are more than happy to pay for subscriptions to several companies in this space. The long-term plan for Netflix is simple: Replace regular TV.The company offers several advantages over cable: no ads, no long-term contracts, and on-demand movies and series streaming on any device. And while some cable providers have started to adapt to the new paradigm, Netflix is well on its way to continue its long winning streak in the streaming industry. Those factors make the company's stock worth a buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":325173171,"gmtCreate":1615882031193,"gmtModify":1703494387189,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325173171","repostId":"1117628563","repostType":4,"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":352987091,"gmtCreate":1616859998413,"gmtModify":1634523714299,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/352987091","repostId":"1141686975","repostType":4,"repost":{"id":"1141686975","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":1616780260,"share":"https://www.laohu8.com/m/news/1141686975?lang=&edition=full","pubTime":"2021-03-27 01:37","market":"us","language":"en","title":"Zhihu Technology fall on its first day of trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1141686975","media":"Tiger Newspress","summary":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO pri","content":"<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zhihu Technology fall on its first day of trading</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\">\nZhihu Technology fall on its first day of trading\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\">2021-03-27 01:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Zhihu Technology shares opened at $8.02&nbsp;each on Friday, about 15.6% lower than the company’s IPO price&nbsp;$9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.</p><p><img src=\"https://static.tigerbbs.com/4672a089b4ebb0a889cbfbeb32b48594\" tg-width=\"1920\" tg-height=\"959\" referrerpolicy=\"no-referrer\"></p><p>Zhihu Inc.&nbsp;announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.</p><p>Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.</p><p><b>Sales Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.</p><p>Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.</p><p><b>Gross Margins</b></p><p>The company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.</p><p><b>Total Operating Expenses and Operating Margins</b></p><p>Total operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&amp;A and R&amp;D expenses as a percentage of revenues in the next five years.</p><p><img src=\"https://static.tigerbbs.com/c019cc86f4d4c1d9ffe15d3b4a4bfa75\" tg-width=\"772\" tg-height=\"480\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ef629be32d2c34d625cb287ad648206d\" tg-width=\"757\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9561a02993fbc88c2cad88e68c08730\" tg-width=\"920\" tg-height=\"485\" referrerpolicy=\"no-referrer\"></p><p><b>Company Background</b></p><p>At the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.</p><p>In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.</p><p>Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&amp;As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.</p><p><b>Major Shareholders of Zhihu</b></p><p>The founder &amp; CEO&nbsp;Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.</p><p><b>Key Demographics</b></p><p>The diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.</p><p><img src=\"https://static.tigerbbs.com/524d689472daad1c99491d74dfdbfe24\" tg-width=\"295\" tg-height=\"389\" referrerpolicy=\"no-referrer\"></p><p><b>Revenue Breakdown</b></p><p>Advertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.</p><p>Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.</p><p>In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions &amp; answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.</p><p>Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.</p><p>China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).</p><p><b>Market Opportunities</b></p><p><b>China’s Online Content Communities Market Size</b></p><p>Online content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.</p><p>China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.</p><p>China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.</p><p>One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.</p><p><b>China's Online Content Market</b></p><p>China's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.</p><p><b>China’s Online Content Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/69a7db9cacf26245273702a255aabdb8\" tg-width=\"573\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Market Size of China’s Online Content Communities (in terms of revenue),2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/aee42792caf4aa2cbdcd17f757a75727\" tg-width=\"584\" tg-height=\"285\" referrerpolicy=\"no-referrer\"></p><p><b>China’s Paid Membership Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/77ff121d78cb1dd922d524a78570152e\" tg-width=\"520\" tg-height=\"286\" referrerpolicy=\"no-referrer\"></p><p><b>Content-commerce solutions</b></p><p>To provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.</p><p><b>China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E</b></p><p><img src=\"https://static.tigerbbs.com/01a230d3fb2d4cf4aeeebfd5c3c691c3\" tg-width=\"520\" tg-height=\"269\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZH":"知乎"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141686975","content_text":"Zhihu Technology shares opened at $8.02 each on Friday, about 15.6% lower than the company’s IPO price $9.5.Zhihu IPO prices at low end of the range, valuing company at about $5.3 billion.Zhihu Inc. announced Friday the pricing of its initial public offering, at $9.50 per American depositary share, which was at the low end of the expected range. The China-based online content company offered 55 million ADS in the IPO to raise $522.5 million, while the pricing valued the company at about $5.31 billion.Zhihu has a similar business model as Quora where millions of people ask questions and exchange their views and experiences. Zhihu has become the largest online question and answer community in China.Sales BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. We estimate advertising as a percentage of revenues to gradually decline in the next five years as it is offset by the faster growing Paid Memberships and Content Commerce Solutions. We estimate advertising as a percentage of sales to decline to 34.1% in 2021 and 22.3% in 2025.Paid Memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. We have assumed Paid Membership revenues as a percentage of total revenues to increase to 31.5% in 2021 and 37.8% in 2025.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans. We have assumed Content Commerce Solutions as a percentage of total revenue to jump from 10% in 2020 to 17.8% in 2021 and 32.3% in 2025.Gross MarginsThe company's gross margins improved from 46.6% in 2019 to 56.0% in 2020, driven by an overall improving business scalability. We have assumed further improvements in gross margins to 57.4% in 2021 and 62.3% in 2025.Total Operating Expenses and Operating MarginsTotal operating expenses as a percentage of revenues declined significantly from 204.4% in 2019 to 100.6% in 2020. We expect this ratio to improve further to 79% in 2021, 69.2% in 2022, and 57.2% in 2025. The bulk of the improvements in operating expenses is coming from lower SG&A and R&D expenses as a percentage of revenues in the next five years.Company BackgroundAt the end of 2020, Zhihu had more than 43.1 million cumulative content creators that contributed 315 million questions and answers. In 4Q 2020, the company had 75.7 million average monthly active users, up 33% YoY. One of the key strengths of the company is that it is recognized as one of the most trustworthy online content communities and regarded as providing one of the highest quality content in China. Zhihu has tried to capitalize on its large user base to provide numerous multimedia functions including live streaming, e-commerce, online education, and other video content.In August 2019, Zhihu received $434 million in funding from leading investors including Baidu and Kuaishou Technology, valuing the company at $3.5 billion. Given that the company had $97 million in sales in 2019, this would suggest a P/S valuation multiple of 36x. If we take the same P/S multiple apply to the company's 2020 sales of $207 million, this would suggest an implied valuation of $7.5 billion.Zhihu was originally developed as a question and answer online community in 2010. At the end of 2020, there were a total of 315 million Q&As spanning more than 1,000 verticals and 571,000 topics. Zhihu is one of the top five comprehensive online content communities in China, in terms of average mobile MAUs and revenue in 2020. The company uses artificial intelligence, cloud, and big data algorithms to improve the optimization of its content and services.Major Shareholders of ZhihuThe founder & CEO Zhou Yuanowns an 8.2% stake in the company (but 46.6% voting rights). Sinovation Ventures owns a 13.1% stake and Tencent Holdings Ltd. owns a 12.3% stake of Zhihu.Key DemographicsThe diagram below provides some of the key demographics of Zhihu user base. Males accounted for 56.9% of total users. People under 30 years old accounted for 78.7% of its total user base. Tier I and new tier I cities represented 52.6% of total user base. Many of the users of Zhihu are students and white collar professionals.Revenue BreakdownAdvertising and paid memberships account for the biggest portion of the company's revenues. Advertising accounted for 86.1% and 62.4% of total revenues in 2019 and 2020, respectively. The company's advertising revenue is mainly driven by its MAUs and advertising revenue per MAU. The company's MAUs increased by 42.7% YoY to 68.5 million in 2020. The company started its online advertising business in 2016 and introduced paid content in 2018.Paid memberships represented 13.1% of total revenues in 2019, which increased to 23.7% of total revenues in 2020. Average monthly members jumped by 311.5% YoY to 2.36 million in 2020, which is a testament of an increasing number of customers that value the premium content available on Zhihu.In March 2019, the company introduced the Yan Selection membership program, making it the first payment-based questions & answers community. It provides its members with unlimited access to about 3.4 million paid content including online lectures, columns, audio books, and e-journals. This is one of the biggest strengths of the company as it shows how high quality data and content can generate serious amount of revenues and it also provides a more steady monthly revenue inflow.Content Commerce Solutions and Other sales also increased sharply in 2020. Content Commerce Solutions revenues jumped from 0.6 million RMB in 2019 to 135.8 million RMB in 2020. In early 2020, the company launched Content-Commerce solutions, which provide merchants and brands a one-stop shop for all of their sales and marketing needs, including marketing plans, assigning the most relevant content creators to interested users, and facilitating content creation.China's content-commerce solution market is expected to be one of the fastest growing sectors in the next several years. According to CIC Consultancy, China's content-commerce solution market is expected to enjoy a strong CAGR growth of 46.4% from 2019 to 2025 (112.3 billion RMB).Market OpportunitiesChina’s Online Content Communities Market SizeOnline content communities refer to UGC (user generated content)-focused (including PUGC (professional user generated content) focused online content market players where content creators are also users, who are actively engaged within the communities. The content communities generally can stimulate higher level of user engagement, more interactive user experience, and enjoy lower content cost, compared to PGC (professionally generated content) players. PGC is content created by the branded company or organization.China's online content communities market size increased from 38.6 billion RMB in 2015 to 275.8 billion RMB in 2019 and is further expected to rise to 1.3 trillion RMB in 2025, representing a CAGR of 30.3% from 2019 to 2025, which is higher than the overall online content market growth.China's online content community market has more diversified monetization channels including online advertising, paid membership, content e-commerce, content-commerce solutions, virtual gifting in live streaming, online games, and online education services. In comparison, the US online content community's monetization is mainly through advertising.One of the major positives about the company is the growing trend of more Chinese consumers that are willing to pay money for higher quality content. The number of paying users in China’s online content communities is expected to increase at a CAGR of 17.1% between 2019 and 2025, which means an increase of 360.4 million extra paying users of online content communities to 588.2 million in 2025.China's Online Content MarketChina's online content market tripled from 2015 to reach 1.2 trillion RMB in 2019. This market is expected to increase to 3.7 trillion RMB in 2025, representing a CAGR of 21.4% from 2019 to 2025.China’s Online Content Market Size (in terms of revenue), 2015-2025EMarket Size of China’s Online Content Communities (in terms of revenue),2015-2025EChina’s Paid Membership Market Size (in terms of revenue), 2015-2025EContent-commerce solutionsTo provide integrated marketing services, the online content communities provide content-commerce solutions for content creation, content distribution, and content conversion. The company provides integrated content-commerce solutions, providing merchants and brands one-stop services for all their sales and marketing needs, from making marketing plans, facilitating content creation, assigning the most relevant content creators, to distributing to the interested users. China's content commerce solution market is expected to grow from 11.4 billion RMB in 2019 to 112.3 billion RMB in 2025, at a CAGR of 46.4%.China’s Content-Commerce Solution Market Size (in terms of revenue), 2015-2025E","news_type":1},"isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":327772019,"gmtCreate":1616131349631,"gmtModify":1634527069529,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[开心]&nbsp;","listText":"[开心]&nbsp;","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327772019","repostId":"1165419770","repostType":4,"repost":{"id":"1165419770","pubTimestamp":1616121134,"share":"https://www.laohu8.com/m/news/1165419770?lang=&edition=full","pubTime":"2021-03-19 10:32","market":"us","language":"en","title":"Disney’s Streaming Business Has Grabbed All the Attention. It’s the Theme Parks’ Turn Now.","url":"https://stock-news.laohu8.com/highlight/detail?id=1165419770","media":"Barrons","summary":"Walt Disney’s story over the past year has focused on the success of its streaming business and othe","content":"<p>Walt Disney’s&nbsp;story over the past year has focused on the success of its streaming business and other digital operations as its traditional theme parks remained shut down.</p>\n<p>Expect the narrative to flip&nbsp;as Disneyl&nbsp;and reopens next monthand pent-up demand brings Mickey Mouse lovers back to its theme park locations in California, Florida and other parts of the world, says&nbsp;JPMorgan&nbsp;analyst Alexia Quadrani.</p>\n<p>Walt Disney&nbsp;(ticker: DIS) has been trading near all-time highs in recent weeks, but Wall Street sees room for more gains. Twelve analysts have raised their price targets on the stock since mid-February, with a Street-high of $230, according to FactSet.</p>\n<p>That implies an 18% gain from the current price.Walt Disney&nbsp;shares fell 1.5% on Thursday, to around $192 but are up 6.1% this year compared to the S&amp;P 500’s 4.2% year-to-date gain.</p>\n<p>Disney+, the streaming product introduced last year, amassed 100 million subscribers as of earlier this month. While movies were delayed for release in theaters because of business shutdowns, Disney used the platform to debut its latest films, including the live action<i>Mulan</i>last year.</p>\n<p>JPMorgan’s Quadrani said the robust growth of Disney+ “will likely continue to award the stock a higher multiple as it increases conviction in its longer-term success and path to profitability.”</p>\n<p>The bank kept its price target at $220 and its Overweight rating on Disney stock.</p>\n<p>But it is the&nbsp;theme park reopenings&nbsp;that will drive recovery this year, JPMorgan said.</p>\n<p>Disney’s new advanced reservation systems and annual pass program changes — both instituted during last year’s shutdowns and gradual reopenings — could actually deliver more growth over time, Quadrani said.</p>\n<p>“As Disney compiles more data around reservation and demand on any given day, they can become better at dynamically pricing tickets and yield management, leading to greater opportunities for revenue growth in our view,” she wrote in a note.</p>\n<p>It’s not the only theme park operator poised for a rebound.Six Flags Entertainment&nbsp;will also be reopening parks next month, including its Magic Mountain in Los Angeles.Six Flags Entertainment&nbsp;shares (SIX) were up 0.9% on Thursday and have gained 47% this year.</p>\n<p>Disney’s theme park closures cost $6.9 billion in operating income for fiscal year 2020, with the biggest hit coming in the third quarter, JPMorgan said.</p>\n<p>While shut down, however, Disney worked on upgrading the attractions and operations. The legacy business, including theme parks, “will come into greater focus over the next 12 months as the pace of recovery has an outsized impact on profitability,” Quadrani said.</p>\n<p>Also working in Disney’s favor: the economic rebound is expected to move more swiftly than the last downturn, which followed the 2008 financial crisis. In that earlier period, it took Disney six years to return to pre-crisis operating margins, Quadrani noted.</p>\n<p>She sees margins improving this time around by 2023, possibly even surpassing the 2019 peak by 60 basis points, to 26.4%.</p>\n<p>Disney had to delay the completion of some projects, such as the Star Wars: Galactic Cruiser hotel at its Hollywood Studios in Florida and its Avengers attraction at Disneyland in California.&nbsp; Both should be open in time for the kick off of Disney World’s 50th anniversary in October.</p>\n<p>The theme park operator is also adding attractions to its locations in Paris, Hong Kong, Shanghai, and Tokyo, Quadrani said.</p>\n<p>Disneyland’s reopening on April 30 includes its California Adventure park and a phased reopening of the Disney-owned hotels located there.</p>\n<p>A new attraction at Florida’s Epcot park, Remy’s Ratatouille Adventure, is slated to open in October.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Disney’s Streaming Business Has Grabbed All the Attention. It’s the Theme Parks’ Turn Now.</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\">\nDisney’s Streaming Business Has Grabbed All the Attention. It’s the Theme Parks’ Turn Now.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 10:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/disneys-streaming-business-has-grabbed-all-the-attention-its-the-theme-parks-turn-now-51616094105?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Walt Disney’s story over the past year has focused on the success of its streaming business and other digital operations as its traditional theme parks remained shut down.\nExpect the narrative to flip...</p>\n\n<a href=\"https://www.barrons.com/articles/disneys-streaming-business-has-grabbed-all-the-attention-its-the-theme-parks-turn-now-51616094105?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://www.barrons.com/articles/disneys-streaming-business-has-grabbed-all-the-attention-its-the-theme-parks-turn-now-51616094105?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165419770","content_text":"Walt Disney’s story over the past year has focused on the success of its streaming business and other digital operations as its traditional theme parks remained shut down.\nExpect the narrative to flip as Disneyl and reopens next monthand pent-up demand brings Mickey Mouse lovers back to its theme park locations in California, Florida and other parts of the world, says JPMorgan analyst Alexia Quadrani.\nWalt Disney (ticker: DIS) has been trading near all-time highs in recent weeks, but Wall Street sees room for more gains. Twelve analysts have raised their price targets on the stock since mid-February, with a Street-high of $230, according to FactSet.\nThat implies an 18% gain from the current price.Walt Disney shares fell 1.5% on Thursday, to around $192 but are up 6.1% this year compared to the S&P 500’s 4.2% year-to-date gain.\nDisney+, the streaming product introduced last year, amassed 100 million subscribers as of earlier this month. While movies were delayed for release in theaters because of business shutdowns, Disney used the platform to debut its latest films, including the live actionMulanlast year.\nJPMorgan’s Quadrani said the robust growth of Disney+ “will likely continue to award the stock a higher multiple as it increases conviction in its longer-term success and path to profitability.”\nThe bank kept its price target at $220 and its Overweight rating on Disney stock.\nBut it is the theme park reopenings that will drive recovery this year, JPMorgan said.\nDisney’s new advanced reservation systems and annual pass program changes — both instituted during last year’s shutdowns and gradual reopenings — could actually deliver more growth over time, Quadrani said.\n“As Disney compiles more data around reservation and demand on any given day, they can become better at dynamically pricing tickets and yield management, leading to greater opportunities for revenue growth in our view,” she wrote in a note.\nIt’s not the only theme park operator poised for a rebound.Six Flags Entertainment will also be reopening parks next month, including its Magic Mountain in Los Angeles.Six Flags Entertainment shares (SIX) were up 0.9% on Thursday and have gained 47% this year.\nDisney’s theme park closures cost $6.9 billion in operating income for fiscal year 2020, with the biggest hit coming in the third quarter, JPMorgan said.\nWhile shut down, however, Disney worked on upgrading the attractions and operations. The legacy business, including theme parks, “will come into greater focus over the next 12 months as the pace of recovery has an outsized impact on profitability,” Quadrani said.\nAlso working in Disney’s favor: the economic rebound is expected to move more swiftly than the last downturn, which followed the 2008 financial crisis. In that earlier period, it took Disney six years to return to pre-crisis operating margins, Quadrani noted.\nShe sees margins improving this time around by 2023, possibly even surpassing the 2019 peak by 60 basis points, to 26.4%.\nDisney had to delay the completion of some projects, such as the Star Wars: Galactic Cruiser hotel at its Hollywood Studios in Florida and its Avengers attraction at Disneyland in California.  Both should be open in time for the kick off of Disney World’s 50th anniversary in October.\nThe theme park operator is also adding attractions to its locations in Paris, Hong Kong, Shanghai, and Tokyo, Quadrani said.\nDisneyland’s reopening on April 30 includes its California Adventure park and a phased reopening of the Disney-owned hotels located there.\nA new attraction at Florida’s Epcot park, Remy’s Ratatouille Adventure, is slated to open in October.","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359375041,"gmtCreate":1616370385083,"gmtModify":1634526245697,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359375041","repostId":"1188846193","repostType":4,"repost":{"id":"1188846193","pubTimestamp":1616152118,"share":"https://www.laohu8.com/m/news/1188846193?lang=&edition=full","pubTime":"2021-03-19 19:08","market":"us","language":"en","title":"3 Unbeatable Growth Stocks to Buy If the Market Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=1188846193","media":"Motley Fool","summary":"A plunging stock market would allow investors to scoop up these superior businesses at a discount.Yo","content":"<blockquote>A plunging stock market would allow investors to scoop up these superior businesses at a discount.</blockquote><p>You might not like what I'm about to say, but history says it's a fact:Stock market crashes are inevitable.</p><p>Over the past 71 years, the benchmark<b>S&amp;P 500</b>has undergone 38 corrections and crashes that led to a double-digit decline in the index. For you math-phobes out there, this works out to a double-digit decline once every 1.87 years. Crashes are common, and there are always catalysts waiting in the wings to send the market screaming lower.</p><p>For example, the Shiller price-to-earnings (P/E) ratio for the S&amp;P 500 -- a measure of the average inflation-adjusted earnings from the previous 10 years -- nearly hit 36 this week. That's well over double the 150-year average of 16.8. What's more, the previous four times the S&amp;P 500's Shiller P/E ratio topped (and sustained) 30, the indexlost a minimum of 20%.</p><p>Additionally, margin use among retail investors is up. According to a Harris poll released in September, 43% of retail investors are relying on leverage, whether that means buying on margin or using options in an attempt to time the market. If things get moving in the wrong direction, margin calls could seriously hurt the stock market.</p><p>But there's good news here, as well.</p><p>Each and every stock market crash and correction in history has proved to be a buying opportunity for long-term investors. Eventually, a bull market always erases a correction or bear market decline. With this in mind, the following three unbeatablegrowth stockswould be the perfect buys if the market crashes.</p><p><b>CrowdStrike Holdings</b></p><p>Following its stellar fiscal fourth-quarter operating results,cybersecurity stock<b>CrowdStrike Holdings</b>(NASDAQ:CRWD)is looking like an absolute must-own if a market crash occurs.</p><p>On a macro basis, there should be a double-digit annualized growth opportunity for cybersecurity companies throughout the decade. Businesses were already moving their data into the cloud well before the coronavirus pandemic hit. The past year has simply accelerated an existing trend and generated even more demand for third-party solutions.</p><p>What makes CrowdStrike such a studis the company's Falcon security platform. Falcon is cloud native, responsible for overseeing more than 3 trillion events each week, and is leaning on artificial intelligence (AI) to grow smarter over time. In layman's terms, Falcon can respond to potential threats much faster than in-house security solutions, and in many cases, it can do so at a cheaper overall cost.</p><p>What's become readily apparent is that CrowdStrike's clients love the product. Over the past 15 quarters (three years, nine months), the percentage of customers with at least four cloud module subscriptions has catapulted from 9% to 63%. What's more, the company has a 12-quarter streak of its dollar-based retention rate topping at least 123%. This means existing customers are spending at least 23% more year over year on subscription services. That's not a surprising figure when you realize that 98% of clients are retained year over year.</p><p>But possibly the craziest thing of all about CrowdStrike is that the company's long-term subscription gross margin target of 75% to 80%-plushas already been achieved, despite the company still being in the early innings of its growth. CrowdStrike has all the makings of a dominant force in cybersecurity solutions.</p><p><b>Teladoc Health</b></p><p>Another growth stock investors can comfortably pile into during a stock market crash is telemedicine giant<b>Teladoc Health</b>(NYSE:TDOC).</p><p>As you might have rightly guessed, Teladoc benefited in a big way from the coronavirus pandemic. With physicians and hospitals aiming to keep potentially infected patients and people with chronic health conditions in their homes, the medical community turned in big numbers for virtual visits. In total, Teladoc handled just shy of 10.6 million virtual visits in 2020, up from 4.14 million visits in the prior-year period.</p><p>The big question is: Can Teladoc's growth continue in a post-pandemic environment? The answer ishighly likely to be yes. That's because telehealth is extremely convenient for patients and can help physicians better monitor chronically ill patients. Best of all, virtual visits are usually billed at a lower rate than office visits, which makes telehealth an instant hit with health insurers.</p><p>Teladoc's acquisition ofleading applied health-signals companyLivongo Health also gives it a competitive edge. Livongo is a data-driven company that relies on artificial intelligence (AI) to send its subscribers tips and nudges to help them lead healthier lives. Livongo has secured more than 500,000 diabetics as subscribers and has plans to expand its service to cover hypertension and weight management. In my estimate, Livongo's services could encompass in the neighborhood of 40% of the U.S. population.</p><p>As a combined entity, Teladoc and Livongo have the ability to cross-sell, too. With both companies working toward personalizing the care process and improving care oversight, Teladoc looks like a good bet to be one of the fastest-growinghealthcare stocksof the decade.</p><p><b>Amazon</b></p><p>Finally, when the stock market crashes next, don't be afraid to pull the trigger on shares of e-commerce kingpin<b>Amazon</b>(NASDAQ:AMZN).</p><p>If you're noticing a trend here, it's that many of the fastest-growing companies benefited from the pandemic -- more specifically, the shift toward online consumption or data storage. Last year, Amazonregistered $386.1 billion in sales, which represents an increase of $105.6 billion, or 38%, from the prior-year period. No one on Wall Street is used to megacap companies growing this robustly.</p><p>One reason Amazon is such a successful company is its sheer dominance of online retail. According to eMarketer, Amazon's U.S. online retail share is expected tojump 100 basis points to 39.7% in 2021. Put another way, $0.40 of every $1 spent online in the U.S. is routed through Amazon.</p><p>Even though retail margins are nothing to write home about, this sheer dominance has helped the company sign up well over 150 million people worldwide to a Prime subscription. The fees Amazon generates from Prime help it to undercut brick-and-mortar retailers on price.</p><p>Amazon is also a leader in cloud infrastructure services. Amazon Web Services (AWS) grew sales by 30% in 2020 -- i.e., during the worst economic downturn in decades. Despite accounting for only 11.8% of total sales last year, the exceptionally high margins associated with cloud infrastructure helped AWS bring in $13.5 billion of Amazon's $22.9 billion in operating income. As AWS grows into a larger percentage of total sales,operating cash flow is going to soar.</p><p>After regularly being valued at between 23 and 37 times year-end cash flow, Amazon's current share price has it on pace for a multiple relative to cash flow of sub-15 in 2023. That makes it a bargain you'll want to scoop up on any major dip.</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 Unbeatable Growth Stocks to Buy If the Market Crashes</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 Unbeatable Growth Stocks to Buy If the Market Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 19:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/19/3-unbeatable-growth-stocks-buy-if-market-crashes/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A plunging stock market would allow investors to scoop up these superior businesses at a discount.You might not like what I'm about to say, but history says it's a fact:Stock market crashes are ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/19/3-unbeatable-growth-stocks-buy-if-market-crashes/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/19/3-unbeatable-growth-stocks-buy-if-market-crashes/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188846193","content_text":"A plunging stock market would allow investors to scoop up these superior businesses at a discount.You might not like what I'm about to say, but history says it's a fact:Stock market crashes are inevitable.Over the past 71 years, the benchmarkS&P 500has undergone 38 corrections and crashes that led to a double-digit decline in the index. For you math-phobes out there, this works out to a double-digit decline once every 1.87 years. Crashes are common, and there are always catalysts waiting in the wings to send the market screaming lower.For example, the Shiller price-to-earnings (P/E) ratio for the S&P 500 -- a measure of the average inflation-adjusted earnings from the previous 10 years -- nearly hit 36 this week. That's well over double the 150-year average of 16.8. What's more, the previous four times the S&P 500's Shiller P/E ratio topped (and sustained) 30, the indexlost a minimum of 20%.Additionally, margin use among retail investors is up. According to a Harris poll released in September, 43% of retail investors are relying on leverage, whether that means buying on margin or using options in an attempt to time the market. If things get moving in the wrong direction, margin calls could seriously hurt the stock market.But there's good news here, as well.Each and every stock market crash and correction in history has proved to be a buying opportunity for long-term investors. Eventually, a bull market always erases a correction or bear market decline. With this in mind, the following three unbeatablegrowth stockswould be the perfect buys if the market crashes.CrowdStrike HoldingsFollowing its stellar fiscal fourth-quarter operating results,cybersecurity stockCrowdStrike Holdings(NASDAQ:CRWD)is looking like an absolute must-own if a market crash occurs.On a macro basis, there should be a double-digit annualized growth opportunity for cybersecurity companies throughout the decade. Businesses were already moving their data into the cloud well before the coronavirus pandemic hit. The past year has simply accelerated an existing trend and generated even more demand for third-party solutions.What makes CrowdStrike such a studis the company's Falcon security platform. Falcon is cloud native, responsible for overseeing more than 3 trillion events each week, and is leaning on artificial intelligence (AI) to grow smarter over time. In layman's terms, Falcon can respond to potential threats much faster than in-house security solutions, and in many cases, it can do so at a cheaper overall cost.What's become readily apparent is that CrowdStrike's clients love the product. Over the past 15 quarters (three years, nine months), the percentage of customers with at least four cloud module subscriptions has catapulted from 9% to 63%. What's more, the company has a 12-quarter streak of its dollar-based retention rate topping at least 123%. This means existing customers are spending at least 23% more year over year on subscription services. That's not a surprising figure when you realize that 98% of clients are retained year over year.But possibly the craziest thing of all about CrowdStrike is that the company's long-term subscription gross margin target of 75% to 80%-plushas already been achieved, despite the company still being in the early innings of its growth. CrowdStrike has all the makings of a dominant force in cybersecurity solutions.Teladoc HealthAnother growth stock investors can comfortably pile into during a stock market crash is telemedicine giantTeladoc Health(NYSE:TDOC).As you might have rightly guessed, Teladoc benefited in a big way from the coronavirus pandemic. With physicians and hospitals aiming to keep potentially infected patients and people with chronic health conditions in their homes, the medical community turned in big numbers for virtual visits. In total, Teladoc handled just shy of 10.6 million virtual visits in 2020, up from 4.14 million visits in the prior-year period.The big question is: Can Teladoc's growth continue in a post-pandemic environment? The answer ishighly likely to be yes. That's because telehealth is extremely convenient for patients and can help physicians better monitor chronically ill patients. Best of all, virtual visits are usually billed at a lower rate than office visits, which makes telehealth an instant hit with health insurers.Teladoc's acquisition ofleading applied health-signals companyLivongo Health also gives it a competitive edge. Livongo is a data-driven company that relies on artificial intelligence (AI) to send its subscribers tips and nudges to help them lead healthier lives. Livongo has secured more than 500,000 diabetics as subscribers and has plans to expand its service to cover hypertension and weight management. In my estimate, Livongo's services could encompass in the neighborhood of 40% of the U.S. population.As a combined entity, Teladoc and Livongo have the ability to cross-sell, too. With both companies working toward personalizing the care process and improving care oversight, Teladoc looks like a good bet to be one of the fastest-growinghealthcare stocksof the decade.AmazonFinally, when the stock market crashes next, don't be afraid to pull the trigger on shares of e-commerce kingpinAmazon(NASDAQ:AMZN).If you're noticing a trend here, it's that many of the fastest-growing companies benefited from the pandemic -- more specifically, the shift toward online consumption or data storage. Last year, Amazonregistered $386.1 billion in sales, which represents an increase of $105.6 billion, or 38%, from the prior-year period. No one on Wall Street is used to megacap companies growing this robustly.One reason Amazon is such a successful company is its sheer dominance of online retail. According to eMarketer, Amazon's U.S. online retail share is expected tojump 100 basis points to 39.7% in 2021. Put another way, $0.40 of every $1 spent online in the U.S. is routed through Amazon.Even though retail margins are nothing to write home about, this sheer dominance has helped the company sign up well over 150 million people worldwide to a Prime subscription. The fees Amazon generates from Prime help it to undercut brick-and-mortar retailers on price.Amazon is also a leader in cloud infrastructure services. Amazon Web Services (AWS) grew sales by 30% in 2020 -- i.e., during the worst economic downturn in decades. Despite accounting for only 11.8% of total sales last year, the exceptionally high margins associated with cloud infrastructure helped AWS bring in $13.5 billion of Amazon's $22.9 billion in operating income. As AWS grows into a larger percentage of total sales,operating cash flow is going to soar.After regularly being valued at between 23 and 37 times year-end cash flow, Amazon's current share price has it on pace for a multiple relative to cash flow of sub-15 in 2023. That makes it a bargain you'll want to scoop up on any major dip.","news_type":1},"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":325746954,"gmtCreate":1615940383178,"gmtModify":1703495225296,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325746954","repostId":"2119619927","repostType":4,"repost":{"id":"2119619927","pubTimestamp":1615907700,"share":"https://www.laohu8.com/m/news/2119619927?lang=&edition=full","pubTime":"2021-03-16 23:15","market":"us","language":"en","title":"Forget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys","url":"https://stock-news.laohu8.com/highlight/detail?id=2119619927","media":"Prosper Junior Bakiny","summary":"No need to invest in faltering businesses -- these two winning companies are better bets.","content":"<p>The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the list of the 100 most popular stocks on the platform. However, some of the stocks on that list are head-scratchers. For instance, <b>GameStop</b> (NYSE:GME) and <b>AMC Entertainment</b> (NYSE:AMC) are among the top 20 most commonly held stocks on the app as of this writing.</p><p>Both of these businesses are struggling, in part due to their reliance on brick-and-mortar operations, which were severely impacted by the pandemic. Further, both AMC and Gamestop were at the center of the now (in)famous short-squeeze fiasco orchestrated by traders from Reddit's r/WallStreetBets. Investors would be better off staying away from these two unpredictable companies and instead purchasing shares of Robinhood stocks with solid futures ahead of them. Two such companies worth considering are <b>Pfizer</b> (NYSE:PFE) and <b>Netflix</b> (NASDAQ:NFLX).</p><p><img src=\"https://media.ycharts.com/charts/693c6b3570e5dc157db6f1cb5d80481e.png\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"></p><p>^SPX data by YCharts</p><p><b>1. Pfizer</b></p><p>You've probably heard a lot about Pfizer in the past few months. The company and its partner, <b>BioNTech</b>, developed BNT162b2, and received Emergency Use Authorization from the U.S. Food and Drug Administration (FDA) in December, becoming the first authorized COVID-19 vaccine in the U.S. BNT162b2 has also been approved in the European Union.</p><p>While Pfizer and BioNTech have to share the vaccine supply gameboard with several other companies, including <b>Johnson &amp; Johnson</b>, <b>AstraZeneca</b>, and <b>Moderna</b>, the market (i.e., the entire world) is large enough for there to be multiple winners. In other words, BNT162b2 will contribute meaningfully to Pfizer's top line, especially since there is evidence of it being effective against some of the newer variants of the virus.</p><p>But the company's lineup is much bigger than just this <a href=\"https://laohu8.com/S/AONE\">one</a> vaccine. Some of Pfizer's top-performing products include anticoagulant Eliquis and cancer treatments Ibrance and Xtandi. Sales of Eliquis for fiscal year 2020 (ended Dec. 31) were $4.9 billion, a 17% year-over-year increase. Ibrance's revenue jumped by 9% year over year to $5.4 billion, while Xtandi's sales came in at roughly $1 billion, representing 22% growth from fiscal year 2019.</p><p>Pfizer also boasts 95 programs in its pipeline, including 24 ongoing phase 3 studies. Pfizer is well-positioned to keep adding new revenue sources to its lineup every year. Lastly, it is worth noting that Pfizer spun-off its off-patent medicine unit Upjohn to the company formerly known as Mylan. The combined entity of Mylan and Upjohn is called <b>Viatris</b>, and it started trading on the market on Nov. 17.</p><p>Pfizer decided to make this move because Upjohn's declining sales were hurting its bottom line. The company can now focus on its more profitable biopharma business. This focus should help Pfizer improve its financial results, which will help its stock recover from its underperformance relative to the market in the past year.</p><p>With a more focused business, a short-term catalyst in the form of its coronavirus vaccine, other medicines with growing sales, and a rich pipeline to keep revenue sources coming, this pharma stock looks like a much better long-term bet than AMC or GameStop.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F617555%2Fgettyimages-1291715271.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images</p><p><b>2. Netflix</b></p><p>Netflix is already <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the leading streaming video platforms in the world, but the company isn't done growing. What are the opportunities ahead for the tech giant? First, the company is looking to add even more users to its platform. As of its fourth quarter ending Dec. 31, the company had 8.51 million net new subscribers. It ended the period with a total of 203.7 million paid subscriptions, representing a year-over-year increase of 21.9%. Netflix thinks it will add 6 million new subscribers in the first quarter of 2021.</p><p>And the streaming services industry as a whole has a long runway for growth. According to Grand View Research, this market was worth 50.1 billion in 2020, and it is projected to expand at a compound annual growth rate (CAGR) of 21% between 2021 and 2028.</p><p>As one of the most recognizable names in this segment, Netflix is well-positioned to profit, especially since competing streaming platforms are more than capable of coexisting. One of the most powerful weapons in these platforms' arsenals is original content, and Netflix has been pouring money into original series and movies in the hopes of building a library people will want to keep coming back to.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F617555%2Fgettyimages-1174414330.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>These investments have played an important role in the company's success in recent years. Since the content on Netflix is different from that of some of its peers,&nbsp;many customers are more than happy to pay for subscriptions to several companies in this space. The long-term plan for Netflix is simple: Replace regular TV.</p><p>The company offers several advantages over cable: no ads, no long-term contracts, and on-demand movies and series streaming on any device. And while some cable providers have started to adapt to the new paradigm, Netflix is well on its way to continue its long winning streak in the streaming industry. Those factors make the company's stock worth a buy.</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>Forget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys</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\">\nForget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/><strong>Prosper Junior Bakiny</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BPOPN":"Popular","BPOPM":"Popular"},"source_url":"https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119619927","content_text":"The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the list of the 100 most popular stocks on the platform. However, some of the stocks on that list are head-scratchers. For instance, GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) are among the top 20 most commonly held stocks on the app as of this writing.Both of these businesses are struggling, in part due to their reliance on brick-and-mortar operations, which were severely impacted by the pandemic. Further, both AMC and Gamestop were at the center of the now (in)famous short-squeeze fiasco orchestrated by traders from Reddit's r/WallStreetBets. Investors would be better off staying away from these two unpredictable companies and instead purchasing shares of Robinhood stocks with solid futures ahead of them. Two such companies worth considering are Pfizer (NYSE:PFE) and Netflix (NASDAQ:NFLX).^SPX data by YCharts1. PfizerYou've probably heard a lot about Pfizer in the past few months. The company and its partner, BioNTech, developed BNT162b2, and received Emergency Use Authorization from the U.S. Food and Drug Administration (FDA) in December, becoming the first authorized COVID-19 vaccine in the U.S. BNT162b2 has also been approved in the European Union.While Pfizer and BioNTech have to share the vaccine supply gameboard with several other companies, including Johnson & Johnson, AstraZeneca, and Moderna, the market (i.e., the entire world) is large enough for there to be multiple winners. In other words, BNT162b2 will contribute meaningfully to Pfizer's top line, especially since there is evidence of it being effective against some of the newer variants of the virus.But the company's lineup is much bigger than just this one vaccine. Some of Pfizer's top-performing products include anticoagulant Eliquis and cancer treatments Ibrance and Xtandi. Sales of Eliquis for fiscal year 2020 (ended Dec. 31) were $4.9 billion, a 17% year-over-year increase. Ibrance's revenue jumped by 9% year over year to $5.4 billion, while Xtandi's sales came in at roughly $1 billion, representing 22% growth from fiscal year 2019.Pfizer also boasts 95 programs in its pipeline, including 24 ongoing phase 3 studies. Pfizer is well-positioned to keep adding new revenue sources to its lineup every year. Lastly, it is worth noting that Pfizer spun-off its off-patent medicine unit Upjohn to the company formerly known as Mylan. The combined entity of Mylan and Upjohn is called Viatris, and it started trading on the market on Nov. 17.Pfizer decided to make this move because Upjohn's declining sales were hurting its bottom line. The company can now focus on its more profitable biopharma business. This focus should help Pfizer improve its financial results, which will help its stock recover from its underperformance relative to the market in the past year.With a more focused business, a short-term catalyst in the form of its coronavirus vaccine, other medicines with growing sales, and a rich pipeline to keep revenue sources coming, this pharma stock looks like a much better long-term bet than AMC or GameStop.Image source: Getty Images2. NetflixNetflix is already one of the leading streaming video platforms in the world, but the company isn't done growing. What are the opportunities ahead for the tech giant? First, the company is looking to add even more users to its platform. As of its fourth quarter ending Dec. 31, the company had 8.51 million net new subscribers. It ended the period with a total of 203.7 million paid subscriptions, representing a year-over-year increase of 21.9%. Netflix thinks it will add 6 million new subscribers in the first quarter of 2021.And the streaming services industry as a whole has a long runway for growth. According to Grand View Research, this market was worth 50.1 billion in 2020, and it is projected to expand at a compound annual growth rate (CAGR) of 21% between 2021 and 2028.As one of the most recognizable names in this segment, Netflix is well-positioned to profit, especially since competing streaming platforms are more than capable of coexisting. One of the most powerful weapons in these platforms' arsenals is original content, and Netflix has been pouring money into original series and movies in the hopes of building a library people will want to keep coming back to.Image source: Getty Images.These investments have played an important role in the company's success in recent years. Since the content on Netflix is different from that of some of its peers, many customers are more than happy to pay for subscriptions to several companies in this space. The long-term plan for Netflix is simple: Replace regular TV.The company offers several advantages over cable: no ads, no long-term contracts, and on-demand movies and series streaming on any device. And while some cable providers have started to adapt to the new paradigm, Netflix is well on its way to continue its long winning streak in the streaming industry. Those factors make the company's stock worth a buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":325173171,"gmtCreate":1615882031193,"gmtModify":1703494387189,"author":{"id":"3577496233814703","authorId":"3577496233814703","name":"pinghu","avatar":"https://static.tigerbbs.com/42c1937c871b61f4912f7e80672da554","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[呆住]&nbsp;","listText":"[呆住]&nbsp;","text":"[呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325173171","repostId":"1117628563","repostType":4,"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}