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Chiweii

Chiweii

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0勋章

2021-08-07

Dip more and buy

EV stocks fell in morning trading

2021-07-09

Interesting

抱歉，原内容已删除

2021-07-06

Part of my portfolio

Apple: Act Quickly Before The Run To $172

2021-07-05

Worthy stock but overvalue at the moment

Facebook: Simply Unstoppable

2021-07-02

$60 soon

抱歉，原内容已删除

2021-07-01

Up up and away

Why NIO Stock Is Moving Higher Today

2021-06-30

Good read. But EV is competitive in China

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2021-06-29

Vested

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2021-06-26

Vested some and see the potential in EV especiallyin China.

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2021-06-23

If there is huge growth in the subscription for Disney+ streaming services, higher chance of split share

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2021-06-22

Can monitor this stock.

Shopify: Valuation Should Not Be A Concern

2021-06-17

If there is a correction, good for the market and time to buy

Wall Street closes lower as Fed officials project rate hikes for 2023

2021-05-26

Worth buying. Looking rosy ahead and if market downturn after split, it is time to buy more!

抱歉，原内容已删除

2021-05-07

Lastly, don’t borrow money to play stocks

Think Stocks Will Crash in May? Do These 4 Things Now

2021-05-03

The gurus of value investing

Berkshire Hathaway Annual Meeting 2021: Highlights and storylines

2021-05-01

Nio when to buy and when to sell (pun intended) for both stocks

XPeng Vs. NIO: Which EV Stock Is The Better Buy

2021-04-12

Will be interesting to see what nvidia has to offer

JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week

2021-04-11

Buying opportunity for pfizer and moderna

EU seeks new contract with Pfizer/BioNTech for up to 1.8 billion vaccines from 2022 -EU source

2021-04-09

Good good. Nice to see green ticks

抱歉，原内容已删除

2021-04-06

Worth considering and add to portfolio

Electric Vehicle Showdown: Tesla Vs. Nio Vs. XPeng Vs. Li Auto — How Q1 Deliveries Stacked Up

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more and buy","listText":"Dip more and buy","text":"Dip more and buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/893437175","repostId":"1122174975","repostType":4,"repost":{"id":"1122174975","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":1628257533,"share":"https://www.laohu8.com/m/news/1122174975?lang=&edition=full","pubTime":"2021-08-06 21:45","market":"us","language":"en","title":"EV stocks fell in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1122174975","media":"Tiger Newspress","summary":"(Aug 6)&nbsp;$Tesla Motors(TSLA)$ fell 0.41%; $NIO Inc.(NIO)$ , $XPeng Inc.(XPEV)$ fell over 1%; $Li Auto(LI)$ fell 0.80%.","content":"<p>(Aug 6)&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> fell 0.41%; <a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> , <a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a> fell over 1%; <a href=\"https://laohu8.com/S/LI\">Li Auto</a> fell 0.80%.</p>\n<p><img src=\"https://static.tigerbbs.com/4cc49234e47a8e48665d95c05d103786\" tg-width=\"345\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV stocks fell in morning trading</title>\n<style 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}\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\">\nEV stocks fell in morning 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\">2021-08-06 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Aug 6)&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> fell 0.41%; <a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> , <a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a> fell over 1%; <a href=\"https://laohu8.com/S/LI\">Li Auto</a> fell 0.80%.</p>\n<p><img src=\"https://static.tigerbbs.com/4cc49234e47a8e48665d95c05d103786\" tg-width=\"345\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122174975","content_text":"(Aug 6) Tesla Motors fell 0.41%; NIO Inc. , XPeng Inc. fell over 1%; Li Auto fell 0.80%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143853513,"gmtCreate":1625788910232,"gmtModify":1631890133013,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/143853513","repostId":"1153955441","repostType":2,"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154269766,"gmtCreate":1625530229555,"gmtModify":1631890133015,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Part of my portfolio","listText":"Part of my portfolio","text":"Part of my portfolio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/154269766","repostId":"1110936297","repostType":2,"repost":{"id":"1110936297","pubTimestamp":1625036047,"share":"https://www.laohu8.com/m/news/1110936297?lang=&edition=full","pubTime":"2021-06-30 14:54","market":"us","language":"en","title":"Apple: Act Quickly Before The Run To $172","url":"https://stock-news.laohu8.com/highlight/detail?id=1110936297","media":"seekingalpha","summary":"Apple faces many external threats from regulators in the developed world.But I see these as largely priced in, although they remain a threat longer term.Apple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.I have made it no secret that I’m a big fan of Apple. In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a big breakout. In this article, I want to ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple faces many external threats from regulators in the developed world.</li>\n <li>But I see these as largely priced in, although they remain a threat longer term.</li>\n <li>Apple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/219c4f41554f7e91be4c02cd87e3f8d6\" tg-width=\"1536\" tg-height=\"1024\"><span>fMing Yeung/Getty Images News</span></p>\n<p>I have made it no secret that I’m a big fan of&nbsp;<b>Apple</b>(AAPL). In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a&nbsp;big breakout. In this article, I want to update readers on the progress of that, as well as addressing some concerns that could be potentially bearish. But the spoiler alert is that I’m still very much in the camp of Apple setting up a breakout, and I think the company’s typical pre-earnings move is likely the catalyst to see that happen.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37078c4ff01404a43176bb2e2555834d\" tg-width=\"640\" tg-height=\"615\"><span>Source: StockCharts</span></p>\n<p>To start, I’ve annotated the same ascending triangle formation I noted six weeks ago, because it is still very much in play. The stock is very near the top of the triangle today, so what happens when/if it gets to $136/$137 will determine if the breakout is imminent or if we need at least one more test of the rising trend line that forms the bottom of the triangle. Whether that occurs or not doesn’t change my outlook; only the timing of it.</p>\n<p>Ascending triangles measure upside targets on breakouts equal to the top and bottom of the widest part of the triangle. In this case, the top of the triangle is $137 and the bottom of the triangle, which was set in September of last year, was $102. That means that this triangle pattern has a measured price target – after the breakout – of $35 higher ($137 minus $102), and with the breakout point being $137 or so, that implies we canexpect Apple to hit $172, give or take. Now, that won’t happen immediately, of course, but that’s the kind of opportunity at hand here.</p>\n<p>What do you need to look for on a breakout? First, price action needs to decisively clear the breakout level of $137 and close above it. In addition, you want to see rising volume on the breakout – I’ve annotated declining volume in the triangle period, which is normal behavior – and you want to see rising momentum, we’ve got rising momentum today. So I’d expect a breakout to continue that, but these are the things you want to see on a breakout to ensure it has staying power.</p>\n<p>Finally, you’ll notice that I’ve added blue circles on the chart, and those represent the start of the ~4-week period prior to an earnings release. Apple has been<i>very</i>reliable in the past couple of years in terms of rallying into an earnings report, and I have no reason to think that will change. The gains are fairly large in most cases, with about half of them being in the double-digits, so this is a real catalyst for higher prices.</p>\n<p>The important thing to note is that we are about four weeks from the third quarter report, which typically takes place at the end of July. We are also at the top of the ascending triangle, which means that even a small pre-earnings run will likely result in a breakout, and that’s why I think the breakout is very near.</p>\n<p>To be clear, I’m reiterating my prior thesis that an ascending triangle breakout is coming; I just think we have a very clear catalyst now to make it sooner than later. I see the stock rallying into the earnings report, and if history is a guide, Apple will destroy expectations once again. In short, all is going to plan.</p>\n<p>The risk is that if Apple does break out of the triangle and earnings aren’t very good, the pattern could fail. That would negate my $172 price target, and we’d have to reassess. For now, the odds of that look low, and I’m still full steam ahead on the breakout coming pre-earnings.</p>\n<p><b>Why does Apple rally pre-earnings?</b></p>\n<p>To put it succinctly, Apple rallies pre-earnings because no matter how much analysts raise their targets going into the reports, Apple finds a way to beat them.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6233212bc10ea38f20e75d2ed0ab603e\" tg-width=\"640\" tg-height=\"284\"><span>Source:Seeking Alpha</span></p>\n<p>This is three years’ worth of data showing how Apple beats expectations, and by enormous margins in some cases. Apple is one of the largest and most-followed companies that has ever existed. So if any company should have an analyst community that knows how it will perform each quarter, it would be this one. However, its dominance in hardware and services revenue has proven too much for analysts over time to keep up with.</p>\n<p>Keep in mind a risk here is that if Apple does finally miss expectations, I have to imagine the stock will react extremely poorly. Thus, there is certainly risk in owning Apple through the earnings report, as with any other stock. But the company’s history of smashing expectations – particularly in the past year – means the odds of this are fairly low. Still, something to keep in mind from a risk perspective.</p>\n<p>In terms of a catalyst for rallying into the July report, Apple continues to see analysts scramble to keep up with its rising fortunes.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ebf56ca48e2364fd7314f9140bc3ab5c\" tg-width=\"640\" tg-height=\"286\"><span>Source:Seeking Alpha</span></p>\n<p>The sharp upward revisions that began last summer continue unabated, and Apple’s earnings trajectory remains very much intact. I detailed this in my last piece so I’m simply saying that nothing has changed on this front, and that’s a very good thing.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2bd9aaadd1cc3a29d7b8e787296ab4b\" tg-width=\"454\" tg-height=\"110\"><span>Source:Seeking Alpha</span></p>\n<p>I think you’ll struggle to find a company with a better earnings revision schedule, as the past three months have seen 36 EPS revisions, and<i>100%</i>of them were upward. That shows just how strong Apple’s earnings trajectory is, as analysts scramble to meet Apple’s outstanding performances. I love stocks with earnings revision charts like Apple’s because the bar is always rising, which means that the stock will follow suit.</p>\n<p><b>Not all is well</b></p>\n<p>Apple, to be fair, does face a huge amount of risks that are outside of its control. Many of them cropped up since my last report on Apple and so I want to balance my bullish position on the stock with some sobering reality to ensure readers are well-equipped to make an informed decision about whether or not Apple is right for their portfolio.</p>\n<p>First, the FTC made the headlines a few weeks ago by appointing&nbsp;Lina Khan, an outspoken and noted big tech critic, who feels certain companies have too much control over the behaviors of consumers. This is a noteworthy development because if the FTC wants to go after big tech, Apple is a very logical early target. I don’t see it impacting iPhone or other hardware sales but services revenue? Absolutely. This is a longer-term threat since antitrust rules take time to create, but Apple shareholders need to take this threat seriously.</p>\n<p>The&nbsp;White Houseis apparently on board with this line of thinking, and the&nbsp;House&nbsp;is actually considering legislation that would undertake to reign in the perceived control of big tech companies, including Apple's tendency to pre-install its own apps on Apple devices. Would that stop consumers from just going to the app store and downloading them? No, but it certainly isn't a<i>positive</i>&nbsp;catalyst.</p>\n<p>Apple is facing a similar threat in&nbsp;Germany&nbsp;and other places in the developed world, so it isn’t just a problem at home. Germany is assessing if Apple has “competition violations” to be addressed. So the issue is the same one being faced in the US, and the only two outcomes are neutral (nothing happens), or negative (antitrust action is taken).</p>\n<p>Apple is also still very much beholden to the never-ending trade war between&nbsp;China&nbsp;and the US, as the two countries constantly jockey for position with the highest stakes the world has ever seen in such a scuffle. Apple’s production process is potentially at risk, depending upon how ugly things get, adding some geopolitical risk to the stock's outlook. This goes both ways, and China employs a lot of people and generates a lot of cash from Apple’s production. So I’m not sure it is as one-sided as it seems, but the geopolitical risk is never a good thing, and Apple’s manufacturing needs set it up for such a risk.</p>\n<p><b>Final thoughts</b></p>\n<p>I’ve enumerated a variety of potential issues Apple is facing, and I’ll be clear and say none of these are good things. The best possible outcome is that nothing changes, and the worst is that all come to fruition and Apple faces manufacturing challenges, as well as antitrust actions. These are real threats, but I also think they're already priced in.</p>\n<p>The threat of antitrust legislation or a trade war with China isn’t new by any stretch of the imagination and is not dissimilar to the threats that other tech giants like Amazon (AMZN), Alphabet (GOOG), or Facebook (FB) face every day. This is par for the course if you’re a dominant tech company, and Apple certainly is. I don’t want to ignore these potential negative catalysts, but I don’t want to overreact, either.</p>\n<p>Keep in mind also that Apple continues to move higher over time despite this bad news, which is what winning stocks do. The fact that it is shrugging off these huge potential negative catalysts reinforces the bullish stance I already had on the stock.</p>\n<p>I detailed my bullishness on the company’s revenue generation, margins, buybacks, valuation, and more in the&nbsp;prior piece, and nothing has changed there. So I don’t want to waste your time going through it again. However, my fundamental stance on Apple hasn’t changed in the past six weeks, and if anything, continued upward revisions in EPS estimates have strengthened the bull case.</p>\n<p>The important thing is that shareholders must be aware of external threats, but also that we are seeing Apple get to the end of its very bullish consolidation pattern at the same time that it typically begins a pre-earnings run higher.</p>\n<p>The bottom line is that I think Apple’s breakout is imminent, and that the pattern measures to $172 or so. This won’t happen overnight, but if you were looking to buy Apple, act quickly.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Act Quickly Before The Run To $172</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Act Quickly Before The Run To $172\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple faces many external threats from regulators in the developed world.\nBut I see these as largely priced in, although they remain a threat longer term.\nApple is on the cusp of what should ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110936297","content_text":"Summary\n\nApple faces many external threats from regulators in the developed world.\nBut I see these as largely priced in, although they remain a threat longer term.\nApple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.\n\nfMing Yeung/Getty Images News\nI have made it no secret that I’m a big fan of Apple(AAPL). In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a big breakout. In this article, I want to update readers on the progress of that, as well as addressing some concerns that could be potentially bearish. But the spoiler alert is that I’m still very much in the camp of Apple setting up a breakout, and I think the company’s typical pre-earnings move is likely the catalyst to see that happen.\nSource: StockCharts\nTo start, I’ve annotated the same ascending triangle formation I noted six weeks ago, because it is still very much in play. The stock is very near the top of the triangle today, so what happens when/if it gets to $136/$137 will determine if the breakout is imminent or if we need at least one more test of the rising trend line that forms the bottom of the triangle. Whether that occurs or not doesn’t change my outlook; only the timing of it.\nAscending triangles measure upside targets on breakouts equal to the top and bottom of the widest part of the triangle. In this case, the top of the triangle is $137 and the bottom of the triangle, which was set in September of last year, was $102. That means that this triangle pattern has a measured price target – after the breakout – of $35 higher ($137 minus $102), and with the breakout point being $137 or so, that implies we canexpect Apple to hit $172, give or take. Now, that won’t happen immediately, of course, but that’s the kind of opportunity at hand here.\nWhat do you need to look for on a breakout? First, price action needs to decisively clear the breakout level of $137 and close above it. In addition, you want to see rising volume on the breakout – I’ve annotated declining volume in the triangle period, which is normal behavior – and you want to see rising momentum, we’ve got rising momentum today. So I’d expect a breakout to continue that, but these are the things you want to see on a breakout to ensure it has staying power.\nFinally, you’ll notice that I’ve added blue circles on the chart, and those represent the start of the ~4-week period prior to an earnings release. Apple has beenveryreliable in the past couple of years in terms of rallying into an earnings report, and I have no reason to think that will change. The gains are fairly large in most cases, with about half of them being in the double-digits, so this is a real catalyst for higher prices.\nThe important thing to note is that we are about four weeks from the third quarter report, which typically takes place at the end of July. We are also at the top of the ascending triangle, which means that even a small pre-earnings run will likely result in a breakout, and that’s why I think the breakout is very near.\nTo be clear, I’m reiterating my prior thesis that an ascending triangle breakout is coming; I just think we have a very clear catalyst now to make it sooner than later. I see the stock rallying into the earnings report, and if history is a guide, Apple will destroy expectations once again. In short, all is going to plan.\nThe risk is that if Apple does break out of the triangle and earnings aren’t very good, the pattern could fail. That would negate my $172 price target, and we’d have to reassess. For now, the odds of that look low, and I’m still full steam ahead on the breakout coming pre-earnings.\nWhy does Apple rally pre-earnings?\nTo put it succinctly, Apple rallies pre-earnings because no matter how much analysts raise their targets going into the reports, Apple finds a way to beat them.\nSource:Seeking Alpha\nThis is three years’ worth of data showing how Apple beats expectations, and by enormous margins in some cases. Apple is one of the largest and most-followed companies that has ever existed. So if any company should have an analyst community that knows how it will perform each quarter, it would be this one. However, its dominance in hardware and services revenue has proven too much for analysts over time to keep up with.\nKeep in mind a risk here is that if Apple does finally miss expectations, I have to imagine the stock will react extremely poorly. Thus, there is certainly risk in owning Apple through the earnings report, as with any other stock. But the company’s history of smashing expectations – particularly in the past year – means the odds of this are fairly low. Still, something to keep in mind from a risk perspective.\nIn terms of a catalyst for rallying into the July report, Apple continues to see analysts scramble to keep up with its rising fortunes.\nSource:Seeking Alpha\nThe sharp upward revisions that began last summer continue unabated, and Apple’s earnings trajectory remains very much intact. I detailed this in my last piece so I’m simply saying that nothing has changed on this front, and that’s a very good thing.\nSource:Seeking Alpha\nI think you’ll struggle to find a company with a better earnings revision schedule, as the past three months have seen 36 EPS revisions, and100%of them were upward. That shows just how strong Apple’s earnings trajectory is, as analysts scramble to meet Apple’s outstanding performances. I love stocks with earnings revision charts like Apple’s because the bar is always rising, which means that the stock will follow suit.\nNot all is well\nApple, to be fair, does face a huge amount of risks that are outside of its control. Many of them cropped up since my last report on Apple and so I want to balance my bullish position on the stock with some sobering reality to ensure readers are well-equipped to make an informed decision about whether or not Apple is right for their portfolio.\nFirst, the FTC made the headlines a few weeks ago by appointing Lina Khan, an outspoken and noted big tech critic, who feels certain companies have too much control over the behaviors of consumers. This is a noteworthy development because if the FTC wants to go after big tech, Apple is a very logical early target. I don’t see it impacting iPhone or other hardware sales but services revenue? Absolutely. This is a longer-term threat since antitrust rules take time to create, but Apple shareholders need to take this threat seriously.\nThe White Houseis apparently on board with this line of thinking, and the House is actually considering legislation that would undertake to reign in the perceived control of big tech companies, including Apple's tendency to pre-install its own apps on Apple devices. Would that stop consumers from just going to the app store and downloading them? No, but it certainly isn't apositive catalyst.\nApple is facing a similar threat in Germany and other places in the developed world, so it isn’t just a problem at home. Germany is assessing if Apple has “competition violations” to be addressed. So the issue is the same one being faced in the US, and the only two outcomes are neutral (nothing happens), or negative (antitrust action is taken).\nApple is also still very much beholden to the never-ending trade war between China and the US, as the two countries constantly jockey for position with the highest stakes the world has ever seen in such a scuffle. Apple’s production process is potentially at risk, depending upon how ugly things get, adding some geopolitical risk to the stock's outlook. This goes both ways, and China employs a lot of people and generates a lot of cash from Apple’s production. So I’m not sure it is as one-sided as it seems, but the geopolitical risk is never a good thing, and Apple’s manufacturing needs set it up for such a risk.\nFinal thoughts\nI’ve enumerated a variety of potential issues Apple is facing, and I’ll be clear and say none of these are good things. The best possible outcome is that nothing changes, and the worst is that all come to fruition and Apple faces manufacturing challenges, as well as antitrust actions. These are real threats, but I also think they're already priced in.\nThe threat of antitrust legislation or a trade war with China isn’t new by any stretch of the imagination and is not dissimilar to the threats that other tech giants like Amazon (AMZN), Alphabet (GOOG), or Facebook (FB) face every day. This is par for the course if you’re a dominant tech company, and Apple certainly is. I don’t want to ignore these potential negative catalysts, but I don’t want to overreact, either.\nKeep in mind also that Apple continues to move higher over time despite this bad news, which is what winning stocks do. The fact that it is shrugging off these huge potential negative catalysts reinforces the bullish stance I already had on the stock.\nI detailed my bullishness on the company’s revenue generation, margins, buybacks, valuation, and more in the prior piece, and nothing has changed there. So I don’t want to waste your time going through it again. However, my fundamental stance on Apple hasn’t changed in the past six weeks, and if anything, continued upward revisions in EPS estimates have strengthened the bull case.\nThe important thing is that shareholders must be aware of external threats, but also that we are seeing Apple get to the end of its very bullish consolidation pattern at the same time that it typically begins a pre-earnings run higher.\nThe bottom line is that I think Apple’s breakout is imminent, and that the pattern measures to $172 or so. This won’t happen overnight, but if you were looking to buy Apple, act quickly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155538754,"gmtCreate":1625444141078,"gmtModify":1631890133017,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Worthy stock but overvalue at the moment","listText":"Worthy stock but overvalue at the moment","text":"Worthy stock but overvalue at the moment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155538754","repostId":"1100563900","repostType":2,"repost":{"id":"1100563900","pubTimestamp":1624956396,"share":"https://www.laohu8.com/m/news/1100563900?lang=&edition=full","pubTime":"2021-06-29 16:46","market":"us","language":"en","title":"Facebook: Simply Unstoppable","url":"https://stock-news.laohu8.com/highlight/detail?id=1100563900","media":"seekingalpha","summary":"The #StopHateforProfit Campaign, antitrust allegations, Apple IDFA issue, and a host of other historical issues have not stopped the social media giant and will not stop it.Despite an impressive rally delivering 65% since the start of CY20 and 26% YTD, Facebook remains undervalued relative to its peers and the FAANG stocks with the best forward estimates.The strong moat originating from their sheer user base, and sizeable TAMs in E-commerce, VR/AR, digital assets , cumulatively make for a compel","content":"<p><b>Summary</b></p>\n<ul>\n <li>The #StopHateforProfit Campaign, antitrust allegations, Apple IDFA issue, and a host of other historical issues have not stopped the social media giant and will not stop it.</li>\n <li>Despite an impressive rally delivering 65% since the start of CY20 and 26% YTD, Facebook remains undervalued relative to its peers and the FAANG stocks with the best forward estimates.</li>\n <li>The strong moat originating from their sheer user base, and sizeable TAMs in E-commerce, VR/AR, digital assets (DIEM), cumulatively make for a compelling growth story.</li>\n <li>Although the company is highly controversial and rightfully so, this article focuses more on the quantitative analysis and less on the morals and ethics behind this investment. That, we shall leave to you.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b3414073b72a391e760025594ec111f\" tg-width=\"768\" tg-height=\"528\"><span>nemke/E+ via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Facebook (FB) has had a volatile trading period the past few years with a general uptrend, delivering shareholders nice returns whilst subjecting them to a few major dips which presented investors an opportunity for a steal. Despite the controversy and headline risks every now and then, the company has been able to battle through them and emerge ever so stronger. The company’s financials have been holding up and shows no sign of stoppage anytime soon. In a time as such, with significant uncertainty in the macro environment and inflation fears creeping up, we believe that shifting some of your assets to high cashflow generating companies is a wise strategy that will pay off. Growth and value are 2 different things, and there still exists growth companies that are undervalued and can still generate substantial cashflow, and we believe Facebook is one of them. The company also remains to be one of the more attractive blue-chip stocks compared to the others in the FAANG. We employ a 3–5-year outlook and have been bullish since USD$200/share. Let’s Begin!</p>\n<p><b>What is Facebook</b></p>\n<p>Known to all, Facebook is a social media giant with a family of products including the likes of Facebook, Instagram,WhatsApp, Messenger, and now Oculus. The firm essentially has a stronghold in the social media industry and has an impressive DAP of2.72 BN as of Q1’21and MAP of 3.45 BN.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3d08f4df186c4705a5300f40d6b8a5e\" tg-width=\"640\" tg-height=\"429\"><span>(Source:FB Q1’21 Presentation)</span></p>\n<p>The world has7.874 BNpeople as of the time of this writing and that would mean that 43.8% of all the people in the world use some form of product from Facebook’s portfolio in the past 30 days. On a daily basis, 34.5% of the people in the world use it. If that isn’t a sticky service, nothing really is. If we were to focus on the usage of the Facebook app solely, 23.8% of the world logs into the app daily based on DAUs.</p>\n<p>The firm was founded in 2004 and generates the majority of their revenue from advertisements. If you have watched the social dilemma on Netflix, you would realize that Facebook’s real customer isn’t everyday users. Instead, users are the product, and they are being sold to advertisers. The company has created such an engaging and sticky service that users are more than happy to be using their apps, despite knowing that their data is being sold from one company to another. As appalling as it is, they’re indifferent to it all and still find the value in using the company’s products on a daily basis – keeping in touch with distant relatives, chatting with friends, staying up to date with the latest fashion trends and news… (According to the&nbsp;Pew Research Center, more than a 1/3 of US adults say they get their news regularly from Facebook)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7cb9d05bb00f3038cec301c72ef56827\" tg-width=\"608\" tg-height=\"378\"><span>(Source:Pew Research Center)</span></p>\n<p>To Facebook, this is equally as good as the more users, the wider the ‘product’ base that they have to offer their customers - advertisers. Advertisers are also indifferent to how Facebook attains its data, so long as Facebook’s targeting metrics and trackers are working well, the more likely it is that they are able to generate conversions. The more conversions, the more sales for them, the more ads they continue to pay for, the more revenue Facebook generates. Win-Win-Win, their apps are the bait, and the product (users), customers (advertisers), and supplier (Facebook), all walk away winners. It’s a remarkable business model that has stood the test of time and no matter the amount of controversy around the business, founders, and its practices, it isn’t going anywhere anytime soon and for one simple reason: Users likely can’t do without Facebook’s products whether they are willing to admit it or not.</p>\n<p>When we look back in the past to reflect on how the #StopHateForProfit Campaign turned out for the company, it is apparent that the impact it had on the top and bottom line were both minimal. The boycott was one that arose due to Facebook’s bad hate speech regulations and policing, and because of the laissez-faire attitude toward posts from then President, Donald Trump. More than&nbsp;1000 companies publicly committed&nbsp;to boycotting the social media giant in June/July (coinciding with end Q2 and start Q3) and many of the top 100 advertisers based on ad spend such as Nike, Adidas, Puma, Coca-Cola, all revised their budgets downwards.</p>\n<p>Despite this, Facebook&nbsp;beat on Q2 earnings&nbsp;and saw an increase of&nbsp;10.7% YOY. In its forward guidance, the company also announced that for July, they were anticipating a slowdown in YoY growth of 17% but was still due to see a 10% increase. They alsoanticipatedthe slowdown in growth to last through till October. However, the company did not attribute this slowdown to the boycott specifically but to 3 other major headwinds. With the benefit of hindsight, we can now see that even for Q3’20, the firm saw an impressive 21.6% rise in its top line, with the bottom line still registering a 12.2% improvement in NPM for Q2’20 YoY and a 200 bps NPM improvement in Q3.</p>\n<p>The results are clear and indicative of a few things. The boycott by the largest companies did little to Facebook’s financial story as they still managed to register growth and did not see significant pullbacks that were material. This can be tied to the fact that most of Facebook’s advertisers are SMBs. Although certain few SMBs did join the boycott, most didn’t, and the firm still had their impressive 9 million + customer base to rely on. If anything, this also suggests that despite what any SMB stands for and whether they agree with a social cause or not, it is hard for them to find alternatives that they can shift to on a similar pricing scale. Big brands can easily pivot to other advertisements such as TV and radio commercials but SMBs simply can’t because of smaller budgets. Lastly, it is now clear that the campaign affected Facebook’s reputation more so than it did its cashflow.</p>\n<p><b>Risks</b></p>\n<p>Other risks that the company may face would be future antitrust lawsuits. As it is, the company is already facing allegations of being a monopoly based on their aggressive acquisitive history having acquired more than90 other companiessince inception. They were alsofined US$5 BNby the FTC in 2019 and were required to adopt their policies and employ new protections for the users and their data that has been shared.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f694ca79d59162e95f05335ebefbca3d\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>Though representative of a historic penalty and the largest ever imposed on a company for violating user’s privacy rights, the US$5BN was a drop in the bucket for the giant that went on to generate US$70+ BN dollars for the year.</p>\n<p>The current issues that they have with Apple’s new iOS changes and the IDFA implications are also likely not going to have a substantial impact on the firm. The Identifier for Advertisers [IDFA] is a random device identifier assigned by Apple to a user's device. Advertisers use this to track data so they can deliver customized advertising on mobile. With the new iOS changes, Apple essentially programmed it such that each app that wants to use these identifiers will have to ask users to opt in for tracking when the app is first launched. If users opt out, the app can’t track certain data and Facebook will have a smaller database of points to rely upon. As consumer preferences change, so will Facebook’s targeting that relies on IDFAs get worse and less effective due to outdated data points.</p>\n<p>According to aCNBC article:</p>\n<blockquote>\n Most critically at stake for Facebook is what’s known as view-through conversions. This metric is used by ad-tech companies to measure how many users saw an ad, did not immediately click on it, but later made a purchase related to that ad.”\n</blockquote>\n<p>When the conversion is made later on, the data IDFA for that particular user is then shared by the retailer to Facebook which is then used by the company to see if it matches the IDFA of the user who saw the ad. If they pair, it indicates that the ad was useful in generating a conversion. This data performance is then relayed to advertisers so that they can tweak their ad strategies accordingly. Withas much as 96% of usersanticipated to opt out of tracking on all apps, this would mean that mobile ads on 3rdparty apps may no longer be as useful if Facebook cannot really judge its effectiveness anymore. The more ineffective the ads become, the less conversions for retailers, and the more they pivot to other advertising platforms, which will impact the revenues for the firm.</p>\n<p>However, Facebook has disclosed that this will particularly only affect one form of advertisement which relies heavily on the IDFA, known as Audience Networks. Fortunately, the audience network segment only represents less than 10% of the firm’s total revenues. With the impact estimating to cost a drop in50% of all ads deliveredand hence sales from this segment, this would atbest represent a 5% drop in their total revenues. With that said, we do not anticipate that this will be present significant impact moving forward and the firm can easily recoup the 5% loss at worse by focusing on increasing ARPUs and user engagement to save their core business.</p>\n<p>Though Facebook started by disclosing that they anticipated the impact on their revenues to be large at first, this no longer seems to be the case. If anything, history has shown us that Mark is not one to back down and if he doesn’t get his way, he damn well will find another way to minimise loss and increase revenue generation in other segments to make up for it. If you aren’t too involved in the technicalities, we think it’s safe to bet on the jockey in this case. Besides, AR / VR growth,WhatsApp monetization, Reels monetization, further user growth in less developed countries away from the legacy North America and Europe region can very well pick up the lost (US$5BN) in sales.</p>\n<p><b>Moat</b></p>\n<p>As mentioned above, the DAUs and MAUs for Facebook are very impressive with a large portion of the world using at least 1 of their products. The moat for the business relies on the wide user base that Facebook has meticulously built over the course of 17 years. With any new product that they have, the firm can easily roll it out to their database of users and expect demand to pick up in a matter of weeks, maybe even days. That is the power of the network of Facebook that really can’t be valued.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2057a83640201edd89430e754f3f8525\" tg-width=\"640\" tg-height=\"431\"><span>(Source: FB Q1’21 Presentation)</span></p>\n<p>Despite the controversy, endless allegations, and negative headlines one after the other, the numbers don’t lie. DAUs have been increasing every single quarter, with the fastest growth observed in Asia-Pacific and the rest of the world. US &amp; Canada growth has slowed as it nears saturation levels, and this is perfectly normal and to be expected. The way we anticipate Facebook to grow their core cash cow business moving forward is clean. 1) Focus on growing ARPUs in their saturated legacy areas (US &amp; Canada and Europe) as well as 2) Increase User Growth by Geography in their growth areas (Asia-Pacific and the Rest of the World). Unsurprisingly, Facebook has been focused on doing just that.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce3456321584d2eea288f7e410215571\" tg-width=\"640\" tg-height=\"388\"><span>(Source: FB Q1’21 Presentation)</span></p>\n<p>When we look to the infamous metric for judging social media companies and their performance – ARPUs, we can see that in the legacy areas, ARPUs have been increasing at a faster pace than compared to growth areas. This falls in line with point number 1 as mentioned above. The legacy areas have already reached saturation levels and user growth is unable to grow at astounding rates anymore. However, since this represent areas that are more developed and generally have higher disposable incomes on the average, focusing on increasing ARPUs and monetizing advertisers is the right strategy and a very feasible one. Though the growth areas are also seeing ARPUs grow YoY as they should, they are not at the same pace as in the US &amp; Canada and Europe. When we look to revenue generated by geography below, this confirms the thesis that revenue is growing faster than user base in those areas, and since ARPU equal to (Total Revenue from that Geography / Number of Users in that area), so long revenue is growing at a faster pace than the user base, they should increase meaningfully.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84eaec3de9bafd595bf4ecf9ffdae16a\" tg-width=\"640\" tg-height=\"430\"><span>(Source: FB Q1’21 Presentation)</span></p>\n<p>When we look to the slide below, it is also apparent that user numbers are growing much faster in Asia-Pacific and the rest of the world, away from the legacy areas. Across 2 years, MAUs which is the broadest business performance metric employed by Facebook, grew 22.4% and 25.4% in the growth areas while they only grew a mere 6.6% in US &amp; Canada and 10.2% in Europe.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d72be6c3ca7eb809567503ffc1d4ed9\" tg-width=\"640\" tg-height=\"395\"><span>(Source: FB Q1’21 Presentation)</span></p>\n<p>If Facebook can continue to grow their user engagement numbers in the growth areas whilst maximizing ARPUs in legacy areas, the company can easily ensure that the core advertising model will remain the cash cow of the business, funding growth for their other product developments.</p>\n<p><b>Growth Tactics</b></p>\n<p>When we look to potential growth Facebook has, the company isn’t short of any. Facebook has moved to monetizeWhatsApp, where they plan to generate fees from payments made within the app itself as well as through in-app status advertisements. The company is essentially trying to integrate the growth and TAM of the E-commerce market more seamlessly into their family of products including the likes ofWhatsApp. ThroughFacebook Pay, users can now engage in peer-to-peer payments withinWhatsApp itself at no cost. However, when businesses receive a fee from customers through the app itself, they will then have to pay a small ‘processing fee’ to Facebook and this is where it profits. This is the same method that is being employed by Shopify and all the other payment processing channels just that it is now being done locally inWhatsApp itself.WhatsApp payments has launched in Brazil, the 2nd largest market by users and the fee stands at 3.99%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d1d27ff399e3e6fdfbc44a3ff1fb6e6\" tg-width=\"640\" tg-height=\"557\"><span>(Source:Facebook Newsroom)</span></p>\n<p>The firm has also been trying to grow their presence in the E-commerce market and reduce the friction customers experience when clicking through ads on its platforms. Both Instagram checkout and Facebook shops are aimed at doing just that. Their shops solutions are also expanding toWhatsApp, and the marketplace as observed above. The company sees a major shift to online shopping even after the grand reopening of the economies. As part of its effort over the years, they now have 1.2M active shops across their platforms and more than 300M monthly shop visitors. Thelatest releasestates that:</p>\n<blockquote>\n Soon, we’ll give businesses in select countries the option to showcase their Shop inWhatsApp. In the US, we’ll enable them to bring Shops products into Marketplace, helping them reach the more than 1 billion people globally who visit each month.\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38d87012cd9e376a0bed27a095b01828\" tg-width=\"640\" tg-height=\"418\"><span>(Source:Facebook Newsroom)</span></p>\n<p>What’s even more fascinating is the fact that Facebook now plans to integrate new technologies such as AR Dynamic Ads to power the future of shopping. New visual discovery tools on their platforms like Instagram will help customers find new products that they resonate with faster than ever before and help them to visualize their products with AR experiences that they have been working on for a long time now.</p>\n<p>Their continued expansion in the AR/VR market along with the rollout of DIEM, their native digital currency functioning as a stablecoin that was once under the “Libra Project” also presents good growth opportunity in the near future. Facebook is also looking to introducepodcasts and live audio streamsas part of the beginning of their audio journey. In short, Facebook still has a lot of room to grow moving forward apart from looking to squeeze out more cash from their legacy advertising business model. However, as always, product development is one thing, but the financials do need to shape up as well and with Facebook it does.</p>\n<p><b>Financials</b></p>\n<p>Of the FAANG stock group, Facebook enjoys one of the highest margins. The company saw 80.55% in GM in Q1’21 and even in the past, it has enjoyed such high margins, trading between 80.5% to as high as 86.6% in FY17. The chart below also clearly indicates that the remarkable margins trickle down to the bottom line and aren’t wiped out due to operating expenses, registering a NPM of 35.7%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1367468f26c73bde43f494b2b7fb49d6\" tg-width=\"635\" tg-height=\"467\"><span>Data by YCharts</span></p>\n<p>FB also routinely spends a large portion of their revenues on R&amp;D, reinvesting into the business YoY to further improve their products and innovate on new ones. In 2020 the R&amp;D expense represented 21.5% of total sales.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b923685aa0489833ae8f50fcddf3601\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>A large chunk of the firms’ revenues is also retained on the balance sheet which is then used over the years to funnel money to continue their acquisitive culture. Despite this, the strong cashflow that the firm enjoys allows it to stay at the top of their industry in terms of innovation whilst ensuring that their treasure trove of cash is growing should there be a need to deploy it. When we look to liquid cash that the firm holds (Cash &amp; Equivalents, and STI), Facebook has grown it at a tremendous CAGR of 26.2%. Net Debt has also just been becoming less of a concern over the years. To date, even after the pandemic, Facebook has no debt.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13b40cadc31458233d0ea83ce4917c33\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>Given the data above, it is evident that the firm has one of the most pristine balance sheets in the industry and in the whole stock market. The US$62 BN that they hold as cash presents itself as a massive buffer to cushion the impact of whatever comes their way, be it another acquisitive opportunity, or yet another fine. Either way, the company can weather any financial storm and near balance sheet issues aren’t a problem. Shareholders aren’t too pleased with the cash pile just sitting there and would instead rather the firm start paying a dividend or pick up the pace in share buybacks to maximize investor returns. Facebook has never paid a dividend in its entirety and although they may consider that moving forward, we anticipate that it is not a move that they will commit to. In any case, we ourselves hope that they commit to more share buybacks instead of moving to issue a dividend.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f5b82506a0385a1265c494b21462678\" tg-width=\"640\" tg-height=\"43\"><span>(Source:Q1 10-K Filing SEC)</span></p>\n<p>In their 10-K filing, the company expanded their SRP program to include an additional US$25 BN which will be added atop the US$8.6 BN remaining from a 2017 authorization. That amounts to a current authorized SRP valued at around US$33.6 BN and we anticipate that this may further increase substantially moving forward. Despite outstanding shares reducing overtime, a large part is offset by additional equity issued as part of SBC to employees. It is disappointing that the firm isn’t making more of a definitive move to put that cash pile to use but this is nonetheless not a major red flag.</p>\n<p><b>Valuations</b></p>\n<p>Being a blue-chip company with strong FCF, we would normally value the social media giant with a DCF model. Today, however, we will be looking at EV/Sales and P/E Ratios to try and justify its future valuation, looking 3 years out as always to end 2023.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0878b205b837634b7d2528f57ebe84fc\" tg-width=\"640\" tg-height=\"321\"><span>(Source:Seeking Alpha)</span></p>\n<p>Looking 3 years out to end 23, Facebook is projected to grow revenues at an average of 23.4%, with growth in the 30s for this fiscal year. That would mean that Facebook is anticipated to grow revenues to US$160.8 BN by end 2023, up 87% from what they delivered in FY20 in 3 years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1707f8cfee45ce9ebb0e3ac961e78f48\" tg-width=\"640\" tg-height=\"338\"><span>(Source: TIKR.com)</span></p>\n<p>Since 2018, the firm has traded at an average EV/Sales of 8.85, and last exchanged hands at a multiple of 9.76. Although the firm is trading at a multiple above its mean and higher than any of the other stocks as part of the FAANG group, Facebook does have higher estimates than all the other companies in the near future as observed below. The data does not reflect estimates for 2023.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/444e1473e814530e2332cea02637af53\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>Moreover, when we look further into the past all the way back to 2013, the company has historically traded at an average of 12.82 and even registered a high close to 22 in 2014. However, since we want to be conservative, but believe that the market has yet to really price Facebook for what it’s worth given all the headline risks in the media that have induced immediate selloffs without any fundamental reason, we will employ a multiple of 9.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8494d3084eed106a9cb0bff0f27cfe7a\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>At an EV/Sales multiple of 9, that would put Facebook at a US$1.447 TRN dollar valuation by the end of 2023 and a share price of US$539, an upside of 58%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55014da5e82d1a67caaeb34766b35940\" tg-width=\"640\" tg-height=\"294\"><span>(Source:Seeking Alpha)</span></p>\n<p>When we look to revenue surprise and analyst estimate beat / miss trends, Facebook has quite the historical track record of surpassing estimates, having done so 10/12 times in the past 3 years. The average upside surprise stands at 3.59%. Assuming Facebook will continue to deliver the same upside surprise moving forward, a 3.59% beat to the top line estimate of 2023 would warrant revenues of US$166.57 BN. At the same EV/Sales ratio of 9, that would render a higher valuation of US$558.77 USD. Given that Facebook is very close to crossing the US$1 TRN dollar valuation mark, we anticipate this to be a very realistic price target.</p>\n<p>Now shifting on to another valuation method by P/E multiples, the valuation also paints a similar picture.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d67f3c257657bc10ee6be38c16d2a1f\" tg-width=\"640\" tg-height=\"207\"><span>(Source:Seeking Alpha)</span></p>\n<p>Turning to earnings estimates, the company is also projected to do high-teens digit growth for 2022 and 2023 and a close to 30% growth in the bottom line for this fiscal year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe26a8eabec7045dc5a904497737623\" tg-width=\"635\" tg-height=\"501\"><span>Data by YCharts</span></p>\n<p>Despite trading at the highest EV / Sales ratio of the FAANG stocks, Facebook is trading at the lowest TTM normalized PE Ratio amongst its peers, with the inclusion of Microsoft (FANGMA). This is likely due to the market failing to internalize and appreciate the company’s high NPM and profitability. Currently trading at a P/E ratio of 29.14, this is also below its historical means of as high as 60+ in 2016.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/247661f12f62820f6266763f49531355\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p>\n<p>However, given that earnings have improved dramatically since and likely won’t be revisiting those levels as seen from the forward estimates, we will stick with what we believe to be a fair multiple for the stickiest company in the world, 30. At a P/E ratio of 30, that would put the end 2023 share price somewhere near levels of US$531.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce908799f1bf9091b49b94e03db7e476\" tg-width=\"640\" tg-height=\"284\"><span>(Source:Seeking Alpha)</span></p>\n<p>However, because of a surprisingly good earnings-beat track record once again, this has to be factored in moving forward. Of the last 3 years, Facebook has beat earnings 11/12 times. The average beat comes in at 15.72%. If we were to stick to a similar but more conservative beat of say 7%, that would put 2023 normalized earnings at 18.93. The exact same P/E ratio would now warrant a realistic share price of US$567.8, an upside of 66.3%.</p>\n<p>With all 4 estimates using different methods and assumptions with different levels of conservatism employed delivering a potential share price anywhere between US$531 and US$568, it would be fair to conclude that this is a realistic price target for the cashflow king 3 years out into the future. At the low end of estimates of US$531, this is still indicative of a 55% upside.</p>\n<p><b>Investor Takeaways</b></p>\n<p>To conclude, we believe Facebook has a very strong future ahead and the projected numbers for both the Topline and Bottom line are indicative of potential upside. We place significant emphasis on forward estimates as markets are future discounting mechanisms that react accordingly. The company enjoys unbelievably high margins, has a pristine balance sheet with absolutely no debt, and is anticipated to keep raking in high revenues with strong cashflow numbers.</p>\n<p>With so many growth opportunities such as the monetization ofWhatsApp, AR/VR, shops, marketplace growth, DIEM, and the continued growth in its legacy advertisement business both in terms of MAP and ARPUs, Facebook is here to stay and is nowhere near exhausting its full potential. The sizeable TAMs in each of the different business segments combined with other opportunities such as Facebook Reels which we did not cover, and the fact that it has yet to have been monetized, all point to a bright future.</p>\n<p>That being said, it is a given that the company will face many other bumps along moving forward. Facebook will continue to be subjected to what we call ‘headline risks’ whereby the stock will be overly sold off to the downside based upon nothing fundamental but one-sided exaggerated narratives. This we believe presents the best time to pick up shares and accumulate for the long run. Facebook has been perceived to have engaged in a lot of dubious unethical behaviour surrounding user data but like we said, that is separate from the investment opportunity the company presents and we will leave that to you to decide. Granted that there are many reasons surrounding the company's beat-down reputation, the return on invested capital is a different story and the main one to be focused on when considering if a company is a good investment or not.</p>\n<p>End day, when it comes to blue-chip stocks that have a firm hold in the industry, good sticky products, and solid financials, it is hard for the stock not to trend up overtime so long as estimates paint a bright picture and most importantly, the markets continue to value them in the same rational way. This has not always been the case and can be easily seen from Microsoft’s outperformance hiatus when the Dot Com bubble crashed, and the stock took 17 years to put in a new high. Still, we believe blue chip stocks are a good bet as of now and should be a part of everyone’s portfolio, and Facebook presents the best buy of the FAANG from our perspective. Till next time!</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook: Simply Unstoppable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook: Simply Unstoppable\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 16:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437000-facebook-simply-unstoppable><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe #StopHateforProfit Campaign, antitrust allegations, Apple IDFA issue, and a host of other historical issues have not stopped the social media giant and will not stop it.\nDespite an ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437000-facebook-simply-unstoppable\">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://seekingalpha.com/article/4437000-facebook-simply-unstoppable","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100563900","content_text":"Summary\n\nThe #StopHateforProfit Campaign, antitrust allegations, Apple IDFA issue, and a host of other historical issues have not stopped the social media giant and will not stop it.\nDespite an impressive rally delivering 65% since the start of CY20 and 26% YTD, Facebook remains undervalued relative to its peers and the FAANG stocks with the best forward estimates.\nThe strong moat originating from their sheer user base, and sizeable TAMs in E-commerce, VR/AR, digital assets (DIEM), cumulatively make for a compelling growth story.\nAlthough the company is highly controversial and rightfully so, this article focuses more on the quantitative analysis and less on the morals and ethics behind this investment. That, we shall leave to you.\n\nnemke/E+ via Getty Images\nInvestment Thesis\nFacebook (FB) has had a volatile trading period the past few years with a general uptrend, delivering shareholders nice returns whilst subjecting them to a few major dips which presented investors an opportunity for a steal. Despite the controversy and headline risks every now and then, the company has been able to battle through them and emerge ever so stronger. The company’s financials have been holding up and shows no sign of stoppage anytime soon. In a time as such, with significant uncertainty in the macro environment and inflation fears creeping up, we believe that shifting some of your assets to high cashflow generating companies is a wise strategy that will pay off. Growth and value are 2 different things, and there still exists growth companies that are undervalued and can still generate substantial cashflow, and we believe Facebook is one of them. The company also remains to be one of the more attractive blue-chip stocks compared to the others in the FAANG. We employ a 3–5-year outlook and have been bullish since USD$200/share. Let’s Begin!\nWhat is Facebook\nKnown to all, Facebook is a social media giant with a family of products including the likes of Facebook, Instagram,WhatsApp, Messenger, and now Oculus. The firm essentially has a stronghold in the social media industry and has an impressive DAP of2.72 BN as of Q1’21and MAP of 3.45 BN.\n(Source:FB Q1’21 Presentation)\nThe world has7.874 BNpeople as of the time of this writing and that would mean that 43.8% of all the people in the world use some form of product from Facebook’s portfolio in the past 30 days. On a daily basis, 34.5% of the people in the world use it. If that isn’t a sticky service, nothing really is. If we were to focus on the usage of the Facebook app solely, 23.8% of the world logs into the app daily based on DAUs.\nThe firm was founded in 2004 and generates the majority of their revenue from advertisements. If you have watched the social dilemma on Netflix, you would realize that Facebook’s real customer isn’t everyday users. Instead, users are the product, and they are being sold to advertisers. The company has created such an engaging and sticky service that users are more than happy to be using their apps, despite knowing that their data is being sold from one company to another. As appalling as it is, they’re indifferent to it all and still find the value in using the company’s products on a daily basis – keeping in touch with distant relatives, chatting with friends, staying up to date with the latest fashion trends and news… (According to the Pew Research Center, more than a 1/3 of US adults say they get their news regularly from Facebook)\n(Source:Pew Research Center)\nTo Facebook, this is equally as good as the more users, the wider the ‘product’ base that they have to offer their customers - advertisers. Advertisers are also indifferent to how Facebook attains its data, so long as Facebook’s targeting metrics and trackers are working well, the more likely it is that they are able to generate conversions. The more conversions, the more sales for them, the more ads they continue to pay for, the more revenue Facebook generates. Win-Win-Win, their apps are the bait, and the product (users), customers (advertisers), and supplier (Facebook), all walk away winners. It’s a remarkable business model that has stood the test of time and no matter the amount of controversy around the business, founders, and its practices, it isn’t going anywhere anytime soon and for one simple reason: Users likely can’t do without Facebook’s products whether they are willing to admit it or not.\nWhen we look back in the past to reflect on how the #StopHateForProfit Campaign turned out for the company, it is apparent that the impact it had on the top and bottom line were both minimal. The boycott was one that arose due to Facebook’s bad hate speech regulations and policing, and because of the laissez-faire attitude toward posts from then President, Donald Trump. More than 1000 companies publicly committed to boycotting the social media giant in June/July (coinciding with end Q2 and start Q3) and many of the top 100 advertisers based on ad spend such as Nike, Adidas, Puma, Coca-Cola, all revised their budgets downwards.\nDespite this, Facebook beat on Q2 earnings and saw an increase of 10.7% YOY. In its forward guidance, the company also announced that for July, they were anticipating a slowdown in YoY growth of 17% but was still due to see a 10% increase. They alsoanticipatedthe slowdown in growth to last through till October. However, the company did not attribute this slowdown to the boycott specifically but to 3 other major headwinds. With the benefit of hindsight, we can now see that even for Q3’20, the firm saw an impressive 21.6% rise in its top line, with the bottom line still registering a 12.2% improvement in NPM for Q2’20 YoY and a 200 bps NPM improvement in Q3.\nThe results are clear and indicative of a few things. The boycott by the largest companies did little to Facebook’s financial story as they still managed to register growth and did not see significant pullbacks that were material. This can be tied to the fact that most of Facebook’s advertisers are SMBs. Although certain few SMBs did join the boycott, most didn’t, and the firm still had their impressive 9 million + customer base to rely on. If anything, this also suggests that despite what any SMB stands for and whether they agree with a social cause or not, it is hard for them to find alternatives that they can shift to on a similar pricing scale. Big brands can easily pivot to other advertisements such as TV and radio commercials but SMBs simply can’t because of smaller budgets. Lastly, it is now clear that the campaign affected Facebook’s reputation more so than it did its cashflow.\nRisks\nOther risks that the company may face would be future antitrust lawsuits. As it is, the company is already facing allegations of being a monopoly based on their aggressive acquisitive history having acquired more than90 other companiessince inception. They were alsofined US$5 BNby the FTC in 2019 and were required to adopt their policies and employ new protections for the users and their data that has been shared.\n(Source: TIKR.com)\nThough representative of a historic penalty and the largest ever imposed on a company for violating user’s privacy rights, the US$5BN was a drop in the bucket for the giant that went on to generate US$70+ BN dollars for the year.\nThe current issues that they have with Apple’s new iOS changes and the IDFA implications are also likely not going to have a substantial impact on the firm. The Identifier for Advertisers [IDFA] is a random device identifier assigned by Apple to a user's device. Advertisers use this to track data so they can deliver customized advertising on mobile. With the new iOS changes, Apple essentially programmed it such that each app that wants to use these identifiers will have to ask users to opt in for tracking when the app is first launched. If users opt out, the app can’t track certain data and Facebook will have a smaller database of points to rely upon. As consumer preferences change, so will Facebook’s targeting that relies on IDFAs get worse and less effective due to outdated data points.\nAccording to aCNBC article:\n\n Most critically at stake for Facebook is what’s known as view-through conversions. This metric is used by ad-tech companies to measure how many users saw an ad, did not immediately click on it, but later made a purchase related to that ad.”\n\nWhen the conversion is made later on, the data IDFA for that particular user is then shared by the retailer to Facebook which is then used by the company to see if it matches the IDFA of the user who saw the ad. If they pair, it indicates that the ad was useful in generating a conversion. This data performance is then relayed to advertisers so that they can tweak their ad strategies accordingly. Withas much as 96% of usersanticipated to opt out of tracking on all apps, this would mean that mobile ads on 3rdparty apps may no longer be as useful if Facebook cannot really judge its effectiveness anymore. The more ineffective the ads become, the less conversions for retailers, and the more they pivot to other advertising platforms, which will impact the revenues for the firm.\nHowever, Facebook has disclosed that this will particularly only affect one form of advertisement which relies heavily on the IDFA, known as Audience Networks. Fortunately, the audience network segment only represents less than 10% of the firm’s total revenues. With the impact estimating to cost a drop in50% of all ads deliveredand hence sales from this segment, this would atbest represent a 5% drop in their total revenues. With that said, we do not anticipate that this will be present significant impact moving forward and the firm can easily recoup the 5% loss at worse by focusing on increasing ARPUs and user engagement to save their core business.\nThough Facebook started by disclosing that they anticipated the impact on their revenues to be large at first, this no longer seems to be the case. If anything, history has shown us that Mark is not one to back down and if he doesn’t get his way, he damn well will find another way to minimise loss and increase revenue generation in other segments to make up for it. If you aren’t too involved in the technicalities, we think it’s safe to bet on the jockey in this case. Besides, AR / VR growth,WhatsApp monetization, Reels monetization, further user growth in less developed countries away from the legacy North America and Europe region can very well pick up the lost (US$5BN) in sales.\nMoat\nAs mentioned above, the DAUs and MAUs for Facebook are very impressive with a large portion of the world using at least 1 of their products. The moat for the business relies on the wide user base that Facebook has meticulously built over the course of 17 years. With any new product that they have, the firm can easily roll it out to their database of users and expect demand to pick up in a matter of weeks, maybe even days. That is the power of the network of Facebook that really can’t be valued.\n(Source: FB Q1’21 Presentation)\nDespite the controversy, endless allegations, and negative headlines one after the other, the numbers don’t lie. DAUs have been increasing every single quarter, with the fastest growth observed in Asia-Pacific and the rest of the world. US & Canada growth has slowed as it nears saturation levels, and this is perfectly normal and to be expected. The way we anticipate Facebook to grow their core cash cow business moving forward is clean. 1) Focus on growing ARPUs in their saturated legacy areas (US & Canada and Europe) as well as 2) Increase User Growth by Geography in their growth areas (Asia-Pacific and the Rest of the World). Unsurprisingly, Facebook has been focused on doing just that.\n(Source: FB Q1’21 Presentation)\nWhen we look to the infamous metric for judging social media companies and their performance – ARPUs, we can see that in the legacy areas, ARPUs have been increasing at a faster pace than compared to growth areas. This falls in line with point number 1 as mentioned above. The legacy areas have already reached saturation levels and user growth is unable to grow at astounding rates anymore. However, since this represent areas that are more developed and generally have higher disposable incomes on the average, focusing on increasing ARPUs and monetizing advertisers is the right strategy and a very feasible one. Though the growth areas are also seeing ARPUs grow YoY as they should, they are not at the same pace as in the US & Canada and Europe. When we look to revenue generated by geography below, this confirms the thesis that revenue is growing faster than user base in those areas, and since ARPU equal to (Total Revenue from that Geography / Number of Users in that area), so long revenue is growing at a faster pace than the user base, they should increase meaningfully.\n(Source: FB Q1’21 Presentation)\nWhen we look to the slide below, it is also apparent that user numbers are growing much faster in Asia-Pacific and the rest of the world, away from the legacy areas. Across 2 years, MAUs which is the broadest business performance metric employed by Facebook, grew 22.4% and 25.4% in the growth areas while they only grew a mere 6.6% in US & Canada and 10.2% in Europe.\n(Source: FB Q1’21 Presentation)\nIf Facebook can continue to grow their user engagement numbers in the growth areas whilst maximizing ARPUs in legacy areas, the company can easily ensure that the core advertising model will remain the cash cow of the business, funding growth for their other product developments.\nGrowth Tactics\nWhen we look to potential growth Facebook has, the company isn’t short of any. Facebook has moved to monetizeWhatsApp, where they plan to generate fees from payments made within the app itself as well as through in-app status advertisements. The company is essentially trying to integrate the growth and TAM of the E-commerce market more seamlessly into their family of products including the likes ofWhatsApp. ThroughFacebook Pay, users can now engage in peer-to-peer payments withinWhatsApp itself at no cost. However, when businesses receive a fee from customers through the app itself, they will then have to pay a small ‘processing fee’ to Facebook and this is where it profits. This is the same method that is being employed by Shopify and all the other payment processing channels just that it is now being done locally inWhatsApp itself.WhatsApp payments has launched in Brazil, the 2nd largest market by users and the fee stands at 3.99%.\n(Source:Facebook Newsroom)\nThe firm has also been trying to grow their presence in the E-commerce market and reduce the friction customers experience when clicking through ads on its platforms. Both Instagram checkout and Facebook shops are aimed at doing just that. Their shops solutions are also expanding toWhatsApp, and the marketplace as observed above. The company sees a major shift to online shopping even after the grand reopening of the economies. As part of its effort over the years, they now have 1.2M active shops across their platforms and more than 300M monthly shop visitors. Thelatest releasestates that:\n\n Soon, we’ll give businesses in select countries the option to showcase their Shop inWhatsApp. In the US, we’ll enable them to bring Shops products into Marketplace, helping them reach the more than 1 billion people globally who visit each month.\n\n(Source:Facebook Newsroom)\nWhat’s even more fascinating is the fact that Facebook now plans to integrate new technologies such as AR Dynamic Ads to power the future of shopping. New visual discovery tools on their platforms like Instagram will help customers find new products that they resonate with faster than ever before and help them to visualize their products with AR experiences that they have been working on for a long time now.\nTheir continued expansion in the AR/VR market along with the rollout of DIEM, their native digital currency functioning as a stablecoin that was once under the “Libra Project” also presents good growth opportunity in the near future. Facebook is also looking to introducepodcasts and live audio streamsas part of the beginning of their audio journey. In short, Facebook still has a lot of room to grow moving forward apart from looking to squeeze out more cash from their legacy advertising business model. However, as always, product development is one thing, but the financials do need to shape up as well and with Facebook it does.\nFinancials\nOf the FAANG stock group, Facebook enjoys one of the highest margins. The company saw 80.55% in GM in Q1’21 and even in the past, it has enjoyed such high margins, trading between 80.5% to as high as 86.6% in FY17. The chart below also clearly indicates that the remarkable margins trickle down to the bottom line and aren’t wiped out due to operating expenses, registering a NPM of 35.7%.\nData by YCharts\nFB also routinely spends a large portion of their revenues on R&D, reinvesting into the business YoY to further improve their products and innovate on new ones. In 2020 the R&D expense represented 21.5% of total sales.\n(Source: TIKR.com)\nA large chunk of the firms’ revenues is also retained on the balance sheet which is then used over the years to funnel money to continue their acquisitive culture. Despite this, the strong cashflow that the firm enjoys allows it to stay at the top of their industry in terms of innovation whilst ensuring that their treasure trove of cash is growing should there be a need to deploy it. When we look to liquid cash that the firm holds (Cash & Equivalents, and STI), Facebook has grown it at a tremendous CAGR of 26.2%. Net Debt has also just been becoming less of a concern over the years. To date, even after the pandemic, Facebook has no debt.\n(Source: TIKR.com)\nGiven the data above, it is evident that the firm has one of the most pristine balance sheets in the industry and in the whole stock market. The US$62 BN that they hold as cash presents itself as a massive buffer to cushion the impact of whatever comes their way, be it another acquisitive opportunity, or yet another fine. Either way, the company can weather any financial storm and near balance sheet issues aren’t a problem. Shareholders aren’t too pleased with the cash pile just sitting there and would instead rather the firm start paying a dividend or pick up the pace in share buybacks to maximize investor returns. Facebook has never paid a dividend in its entirety and although they may consider that moving forward, we anticipate that it is not a move that they will commit to. In any case, we ourselves hope that they commit to more share buybacks instead of moving to issue a dividend.\n(Source:Q1 10-K Filing SEC)\nIn their 10-K filing, the company expanded their SRP program to include an additional US$25 BN which will be added atop the US$8.6 BN remaining from a 2017 authorization. That amounts to a current authorized SRP valued at around US$33.6 BN and we anticipate that this may further increase substantially moving forward. Despite outstanding shares reducing overtime, a large part is offset by additional equity issued as part of SBC to employees. It is disappointing that the firm isn’t making more of a definitive move to put that cash pile to use but this is nonetheless not a major red flag.\nValuations\nBeing a blue-chip company with strong FCF, we would normally value the social media giant with a DCF model. Today, however, we will be looking at EV/Sales and P/E Ratios to try and justify its future valuation, looking 3 years out as always to end 2023.\n(Source:Seeking Alpha)\nLooking 3 years out to end 23, Facebook is projected to grow revenues at an average of 23.4%, with growth in the 30s for this fiscal year. That would mean that Facebook is anticipated to grow revenues to US$160.8 BN by end 2023, up 87% from what they delivered in FY20 in 3 years.\n(Source: TIKR.com)\nSince 2018, the firm has traded at an average EV/Sales of 8.85, and last exchanged hands at a multiple of 9.76. Although the firm is trading at a multiple above its mean and higher than any of the other stocks as part of the FAANG group, Facebook does have higher estimates than all the other companies in the near future as observed below. The data does not reflect estimates for 2023.\n(Source: TIKR.com)\nMoreover, when we look further into the past all the way back to 2013, the company has historically traded at an average of 12.82 and even registered a high close to 22 in 2014. However, since we want to be conservative, but believe that the market has yet to really price Facebook for what it’s worth given all the headline risks in the media that have induced immediate selloffs without any fundamental reason, we will employ a multiple of 9.\n(Source: TIKR.com)\nAt an EV/Sales multiple of 9, that would put Facebook at a US$1.447 TRN dollar valuation by the end of 2023 and a share price of US$539, an upside of 58%.\n(Source:Seeking Alpha)\nWhen we look to revenue surprise and analyst estimate beat / miss trends, Facebook has quite the historical track record of surpassing estimates, having done so 10/12 times in the past 3 years. The average upside surprise stands at 3.59%. Assuming Facebook will continue to deliver the same upside surprise moving forward, a 3.59% beat to the top line estimate of 2023 would warrant revenues of US$166.57 BN. At the same EV/Sales ratio of 9, that would render a higher valuation of US$558.77 USD. Given that Facebook is very close to crossing the US$1 TRN dollar valuation mark, we anticipate this to be a very realistic price target.\nNow shifting on to another valuation method by P/E multiples, the valuation also paints a similar picture.\n(Source:Seeking Alpha)\nTurning to earnings estimates, the company is also projected to do high-teens digit growth for 2022 and 2023 and a close to 30% growth in the bottom line for this fiscal year.\nData by YCharts\nDespite trading at the highest EV / Sales ratio of the FAANG stocks, Facebook is trading at the lowest TTM normalized PE Ratio amongst its peers, with the inclusion of Microsoft (FANGMA). This is likely due to the market failing to internalize and appreciate the company’s high NPM and profitability. Currently trading at a P/E ratio of 29.14, this is also below its historical means of as high as 60+ in 2016.\nData by YCharts\nHowever, given that earnings have improved dramatically since and likely won’t be revisiting those levels as seen from the forward estimates, we will stick with what we believe to be a fair multiple for the stickiest company in the world, 30. At a P/E ratio of 30, that would put the end 2023 share price somewhere near levels of US$531.\n(Source:Seeking Alpha)\nHowever, because of a surprisingly good earnings-beat track record once again, this has to be factored in moving forward. Of the last 3 years, Facebook has beat earnings 11/12 times. The average beat comes in at 15.72%. If we were to stick to a similar but more conservative beat of say 7%, that would put 2023 normalized earnings at 18.93. The exact same P/E ratio would now warrant a realistic share price of US$567.8, an upside of 66.3%.\nWith all 4 estimates using different methods and assumptions with different levels of conservatism employed delivering a potential share price anywhere between US$531 and US$568, it would be fair to conclude that this is a realistic price target for the cashflow king 3 years out into the future. At the low end of estimates of US$531, this is still indicative of a 55% upside.\nInvestor Takeaways\nTo conclude, we believe Facebook has a very strong future ahead and the projected numbers for both the Topline and Bottom line are indicative of potential upside. We place significant emphasis on forward estimates as markets are future discounting mechanisms that react accordingly. The company enjoys unbelievably high margins, has a pristine balance sheet with absolutely no debt, and is anticipated to keep raking in high revenues with strong cashflow numbers.\nWith so many growth opportunities such as the monetization ofWhatsApp, AR/VR, shops, marketplace growth, DIEM, and the continued growth in its legacy advertisement business both in terms of MAP and ARPUs, Facebook is here to stay and is nowhere near exhausting its full potential. The sizeable TAMs in each of the different business segments combined with other opportunities such as Facebook Reels which we did not cover, and the fact that it has yet to have been monetized, all point to a bright future.\nThat being said, it is a given that the company will face many other bumps along moving forward. Facebook will continue to be subjected to what we call ‘headline risks’ whereby the stock will be overly sold off to the downside based upon nothing fundamental but one-sided exaggerated narratives. This we believe presents the best time to pick up shares and accumulate for the long run. Facebook has been perceived to have engaged in a lot of dubious unethical behaviour surrounding user data but like we said, that is separate from the investment opportunity the company presents and we will leave that to you to decide. Granted that there are many reasons surrounding the company's beat-down reputation, the return on invested capital is a different story and the main one to be focused on when considering if a company is a good investment or not.\nEnd day, when it comes to blue-chip stocks that have a firm hold in the industry, good sticky products, and solid financials, it is hard for the stock not to trend up overtime so long as estimates paint a bright picture and most importantly, the markets continue to value them in the same rational way. This has not always been the case and can be easily seen from Microsoft’s outperformance hiatus when the Dot Com bubble crashed, and the stock took 17 years to put in a new high. Still, we believe blue chip stocks are a good bet as of now and should be a part of everyone’s portfolio, and Facebook presents the best buy of the FAANG from our perspective. Till next time!","news_type":1},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158771855,"gmtCreate":1625184243277,"gmtModify":1631890133020,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"$60 soon","listText":"$60 soon","text":"$60 soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158771855","repostId":"1124372919","repostType":2,"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151706715,"gmtCreate":1625105227137,"gmtModify":1631890133021,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Up up and away","listText":"Up up and away","text":"Up up and away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151706715","repostId":"1121473384","repostType":4,"repost":{"id":"1121473384","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":1625067394,"share":"https://www.laohu8.com/m/news/1121473384?lang=&edition=full","pubTime":"2021-06-30 23:36","market":"us","language":"en","title":"Why NIO Stock Is Moving Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1121473384","media":"Tiger Newspress","summary":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5","content":"<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p>\n<p>As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p>\n<p>In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p>\n<p>Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p>\n<p>NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p>\n<p>Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why NIO Stock Is Moving Higher Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy NIO Stock Is Moving Higher Today\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\">2021-06-30 23:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p>\n<p>As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p>\n<p>In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p>\n<p>Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p>\n<p>NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p>\n<p>Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121473384","content_text":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.\nAs of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.\nIn a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.\nChung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target price-to-earnings multiple for NIO's shares.\nNIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of between 21,000 and 22,000 vehicles for the second quarter. Through the end of May, it had delivered 13,183 vehicles despite production disruptions caused by shortages of computer chips.\nWill NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153189126,"gmtCreate":1625013473565,"gmtModify":1631884665800,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Good read. But EV is competitive in China","listText":"Good read. But EV is competitive in China","text":"Good read. But EV is competitive in China","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/153189126","repostId":"1124372919","repostType":2,"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150441949,"gmtCreate":1624925821181,"gmtModify":1631890133025,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Vested","listText":"Vested","text":"Vested","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150441949","repostId":"1198714523","repostType":2,"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125834175,"gmtCreate":1624667332597,"gmtModify":1631890133029,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Vested some and see the potential in EV especiallyin China.&nbsp;","listText":"Vested some and see the potential in EV especiallyin China.&nbsp;","text":"Vested some and see the potential in EV especiallyin China.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125834175","repostId":"1198714523","repostType":2,"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123094071,"gmtCreate":1624402768493,"gmtModify":1631890133032,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"If there is huge&nbsp;growth in the subscription for Disney+ streaming services, higher&nbsp;chance of split share","listText":"If there is huge&nbsp;growth in the subscription for Disney+ streaming services, higher&nbsp;chance of split share","text":"If there is huge growth in the subscription for Disney+ streaming services, higher chance of split share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123094071","repostId":"1186919064","repostType":2,"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120125598,"gmtCreate":1624316352314,"gmtModify":1631890133035,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Can monitor this stock.&nbsp;","listText":"Can monitor this stock.&nbsp;","text":"Can monitor this stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120125598","repostId":"1117650695","repostType":2,"repost":{"id":"1117650695","pubTimestamp":1623902228,"share":"https://www.laohu8.com/m/news/1117650695?lang=&edition=full","pubTime":"2021-06-17 11:57","market":"us","language":"en","title":"Shopify: Valuation Should Not Be A Concern","url":"https://stock-news.laohu8.com/highlight/detail?id=1117650695","media":"seekingalpha","summary":"Shopify is a leading merchant platform empowering mostly small online retailers.Shopify is set to grow revenues to $5b by 2023.Fulfillment center strategy makes Shopify a long-term threat to Amazon.Shopify is taking a larger bite out of the e-commerce market and the price is justified given Shopify's potential for rapid revenue growth.Shopify  is a strong buy as the merchant platform takes a bigger and bigger bite out of the expanding e-commerce market and revenues are growing rapidly. Shopify i","content":"<p><b>Summary</b></p>\n<ul>\n <li>Shopify is a leading merchant platform empowering mostly small online retailers.</li>\n <li>Shopify is set to grow revenues to $5b by 2023.</li>\n <li>Fulfillment center strategy makes Shopify a long-term threat to Amazon.</li>\n <li>Shopify is taking a larger bite out of the e-commerce market and the price is justified given Shopify's potential for rapid revenue growth.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5f3ab455f8b2c1956c4124771b084d9\" tg-width=\"768\" tg-height=\"400\"><span>ipopba/iStock via Getty Images</span></p>\n<p>Shopify (SHOP) is a strong buy as the merchant platform takes a bigger and bigger bite out of the expanding e-commerce market and revenues are growing rapidly. Shopify is on its way to becoming a $5b annual revenue company and its fulfillment center strategy provides fertile ground for stock price appreciation. Amazon(NASDAQ:AMZN)should be worried.</p>\n<p><b>Why Shopify is a strong buy</b></p>\n<p>Shopify enables people to start an online business relatively fast and with very little cost. Itse-commerce platform offers a suite of integrated products and apps that includes marketing functionality, payment processing and customer engagement tools. Shopify’s core services are paid for on a subscription basis with the most basic plan starting at $29-month.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d0e35fa316c0fd7e939400d53fd623fb\" tg-width=\"1280\" tg-height=\"266\"><span>(Source: Shopify)</span></p>\n<p>Thee-commerce market is booming, not just because of the pandemic. The ease of shopping and the wide distribution of mobile devices made online shopping popular even before COVID-19 emerged. Globale-commerce sales are expected to rise in the future with some estimates calling for global online sales of $4.9 trillion in 2021... with sales growing 30% to $6.4 trillion by 2024.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9918556cae0d9e7fdb0e58780b922413\" tg-width=\"907\" tg-height=\"460\"><span>(Source:Oberlo)</span></p>\n<p>Online sales are not only expected to grow in absolute terms but also relatively: E-Commerce is taking an ever-growing share of retail sales, a trend that accelerated during the 2020 pandemic year. Thee-commerce share of retail sales in 2020 was 18% and is projected to grow to 21.8% by 2024.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c7297749c9cb665e56f89bb920507e5\" tg-width=\"905\" tg-height=\"463\"><span>(Source:Oberlo)</span></p>\n<p>Growth ine-commerce and merchandise volumes are not dependent on one particular category either. People buy everything from fashion items to personal care products online. According to Hootsuite’sDigital 2021 Global Overview Report, money spent on travel and accommodation cratered 51% due to the pandemic but all other categories grew sales by at least 18% Y/Y.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd515034ac6d1ea79da171cca44eacb0\" tg-width=\"1232\" tg-height=\"682\"><span>(Source: Digital 2021Global Overview Report)</span></p>\n<p>Shopify also saw a year of revenue acceleration during the pandemic… just like Amazon did. As people lost their jobs because of COVID-19 and remote working became the new standard, Shopify’s merchant platform gained in popularity, too. The pandemic also helped shift a lot of purchasing power online as retail stores and small businesses shut their doors. Shopify benefited from these unfortunate trends by experiencing a surge in revenues as more retailers built online stores and processed transactions through Shopify. Shopify’s revenues surged 86% to $2.9b in FY 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47be367ae30fc395bd0cf9f998f5efc0\" tg-width=\"1106\" tg-height=\"574\"><span>(Source:Shopify)</span></p>\n<p>Shopify’s revenues can be broken down into two parts, subscriptions and merchant solutions. Subscriptions include the payments for monthly plans and merchant solutions include additional costs for doing business through Shopify, such as payment processing fees and costs associated with Shopify Shipping and point-of-sale terminals. Revenues from merchant solutions have become more important for Shopify over time as the platform developed its ecosystem and created new apps and products for its merchants to use.</p>\n<p>2020 was a banner year for Shopify and its merchants. The gross merchandise value, the amount cumulatively sold through Shopify, doubled from $61.1b before the pandemic to $119.6b a year later. While 2020 growth rates will likely decline in 2021 as normal retail businesses open their doors again, merchandise volumes will continue to grow as thee-commerce market expands. I estimate that Shopify’s GMV will reach $210b for FY 2021 and $340b next year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/845466a2e9dd8dcae9d4d3c4542611c9\" tg-width=\"938\" tg-height=\"546\"><span>(Source: Shopify)</span></p>\n<p>Shopify’s FY 2020 gross profits also saw rapid growth. Gross profits surged 78% to $1.6b with more growth expected in FY 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2530faf2d14eb2bb0f90d05694eba0b\" tg-width=\"904\" tg-height=\"544\"><span>(Source: Shopify)</span></p>\n<p><b>Taking on Amazon</b></p>\n<p>Shopify’s merchant platform shows healthy growth in subscriber and merchant revenues and merchant revenues are going to continue to grow in importance as Shopify signs up new partners and develops its apps suite. This is quite predictable.</p>\n<p>Longer term, however, Shopify should emerge as a growing threat to Amazon because of its investments in fulfillment centers. Entering the physical space is the next step in Shopify’s evolution and Amazon should be worried. Amazon is still the largeste-commerce platform, by far, but Shopify’s move into fulfillment centers is set to narrow this existing gap between the two companies. Amazon’s share of US retaile-commerce share is 4.5 times larger than Shopify’s giving Shopify a lot of potential to catch up...</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5108b1c5dead03ebaec97df972ed74f7\" tg-width=\"891\" tg-height=\"600\"><span>(Source: Shopify)</span></p>\n<p>Building its own fulfillment centers makes strategic sense for Shopify since it solves problems that a lot of online retailers have. Fulfillment centers, as the same implies, take over the function of fulfillment. This means a merchant that sells on Shopify sends goods to a warehouse and Shopify takes over order processing and shipping in return for a fee. The benefit for the retailer is obvious: Reduced shipping times and optimized inventory management.</p>\n<p>The benefit for Shopify: It can collect more revenues by controlling the fulfillment part of the sales process. While Shopify will build new fulfillment centers in the US as part of a $1b investment plan, it also provides Shopify with the option to use its US fulfillment network as a springboard to enter markets outside the US and drive its international expansion.</p>\n<p>Shopify is cashed up after the pandemic year and has more than enough cash to finance its expansion which in the future will likely include the expansion into international fulfillment markets. Shopify’s balance sheet is healthy enough to support the platform’s growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b284d5316a0604662b9dd5af30215f3f\" tg-width=\"640\" tg-height=\"542\"><span>(Source:Shopify)</span></p>\n<p>If Shopify and Amazon were to go toe-to-toe, Amazon would have a distinct advantage… because it is so much bigger than Shopify and because its website is drawing the most traffic as the number onee-commerce platform in the US. Amazon is about ten times bigger than Shopify regarding market value and Amazon has sales that are more than one hundred times larger than Shopify’s… so the battle between these twoe-commerce companies can be seen as a battle between David and Goliath, with Amazon being the Goliath.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5d0d062b9a02247c1e38dc5b0c23343\" tg-width=\"635\" tg-height=\"500\"><span>Data by YCharts</span></p>\n<p>But Shopify is growing its merchant platform fast and operates from a much smaller revenue base, which is easier to scale. Shopify has more than 1.7m merchants signed on to its platform from 175 countries and continually develops news complementary sources of revenues. In its latestproduct news, Shopify announced that it will make its “one-click checkout” available to all merchants selling on Facebook(NASDAQ:FB)&nbsp;and Google(NASDAQ:GOOG)(NASDAQ:GOOGL)using Shop Pay. The integration is set to lower the “abandoned card” problem many retailers have which is customers not completing the checkout process. Shop Pay could provide a remedy to this problem by making the checkout process easier and more efficient.</p>\n<p><b>Risks</b></p>\n<p>Margins ine-commerce are very thin and growing competition in the industry will make things worse long term. The easy and relatively low-cost entry into thee-commerce market could also turn out to be a problem longer term. Companies that win ine-commerce are companies like Shopify with their own ecosystems that create a moat and protect against competition. Slowing revenue growth and an overblown valuation may be the two biggest risks for Shopify.</p>\n<p><b>You pay for Shopify's growth...</b></p>\n<p>By the end of next year Shopify should be a $5b annual revenue company, but the critical revenue milestone could be reached much sooner if Shopify manages to grow as fast as it did during the pandemic. The expectation is for Shopify to earn $4.35-share on revenues of $4.4b in FY 2021 with revenues scaling to ten-fold to $42b this decade. I believe fulfillment centers alone represent a $1b annual revenue opportunity for Shopify long term. Revenues for FY 2022 should also be closer to $6.5b with the consensus calling for revenues of \"only\" $5.9b.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/add63adc4e771f68c7aa36779607334d\" tg-width=\"640\" tg-height=\"286\"><span>(Source: Seeking Alpha)</span></p>\n<p>Amazon still has a big lead on Shopify, but the twoe-commerce companies are set to go toe-to-toe long term. Every new product that Shopify rolls out and every new fulfillment center it builds brings Shopify one step closer to taking Amazon head-on. Although Shopify is more expensive than Amazon on a per-dollar-of-revenue basis, the merchant platform clearly has the stature and ambition to take on Amazon.</p>\n<p>Shopify trades at a P-S ratio of 28, but you pay for growth...</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2f713ad31e8c26c8d670a737c252cdb\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p><b>Final thoughts</b></p>\n<p>Shopify has an incredible long-term growth opportunity and Amazon should be worried.</p>\n<p>Shopify has proven to be a real innovator in the industry and constantly develops new products that make online shopping easier for both the online retailer and the merchant.</p>\n<p>Although Shopify has a much higher P-S ratio than Amazon, Shopify has more potential to grow because of its relatively smaller revenue base and market cap.</p>\n<p>The fulfillment center strategy makes a lot of strategic sense and will fortify Shopify's position in the e-commerce market. It can also fuel Shopify's international expansion.</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>Shopify: Valuation Should Not Be A Concern</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\">\nShopify: Valuation Should Not Be A Concern\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435237-shopify-set-to-fly-as-it-takes-on-amazon><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nShopify is a leading merchant platform empowering mostly small online retailers.\nShopify is set to grow revenues to $5b by 2023.\nFulfillment center strategy makes Shopify a long-term threat ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435237-shopify-set-to-fly-as-it-takes-on-amazon\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"https://seekingalpha.com/article/4435237-shopify-set-to-fly-as-it-takes-on-amazon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117650695","content_text":"Summary\n\nShopify is a leading merchant platform empowering mostly small online retailers.\nShopify is set to grow revenues to $5b by 2023.\nFulfillment center strategy makes Shopify a long-term threat to Amazon.\nShopify is taking a larger bite out of the e-commerce market and the price is justified given Shopify's potential for rapid revenue growth.\n\nipopba/iStock via Getty Images\nShopify (SHOP) is a strong buy as the merchant platform takes a bigger and bigger bite out of the expanding e-commerce market and revenues are growing rapidly. Shopify is on its way to becoming a $5b annual revenue company and its fulfillment center strategy provides fertile ground for stock price appreciation. Amazon(NASDAQ:AMZN)should be worried.\nWhy Shopify is a strong buy\nShopify enables people to start an online business relatively fast and with very little cost. Itse-commerce platform offers a suite of integrated products and apps that includes marketing functionality, payment processing and customer engagement tools. Shopify’s core services are paid for on a subscription basis with the most basic plan starting at $29-month.\n(Source: Shopify)\nThee-commerce market is booming, not just because of the pandemic. The ease of shopping and the wide distribution of mobile devices made online shopping popular even before COVID-19 emerged. Globale-commerce sales are expected to rise in the future with some estimates calling for global online sales of $4.9 trillion in 2021... with sales growing 30% to $6.4 trillion by 2024.\n(Source:Oberlo)\nOnline sales are not only expected to grow in absolute terms but also relatively: E-Commerce is taking an ever-growing share of retail sales, a trend that accelerated during the 2020 pandemic year. Thee-commerce share of retail sales in 2020 was 18% and is projected to grow to 21.8% by 2024.\n(Source:Oberlo)\nGrowth ine-commerce and merchandise volumes are not dependent on one particular category either. People buy everything from fashion items to personal care products online. According to Hootsuite’sDigital 2021 Global Overview Report, money spent on travel and accommodation cratered 51% due to the pandemic but all other categories grew sales by at least 18% Y/Y.\n(Source: Digital 2021Global Overview Report)\nShopify also saw a year of revenue acceleration during the pandemic… just like Amazon did. As people lost their jobs because of COVID-19 and remote working became the new standard, Shopify’s merchant platform gained in popularity, too. The pandemic also helped shift a lot of purchasing power online as retail stores and small businesses shut their doors. Shopify benefited from these unfortunate trends by experiencing a surge in revenues as more retailers built online stores and processed transactions through Shopify. Shopify’s revenues surged 86% to $2.9b in FY 2020.\n(Source:Shopify)\nShopify’s revenues can be broken down into two parts, subscriptions and merchant solutions. Subscriptions include the payments for monthly plans and merchant solutions include additional costs for doing business through Shopify, such as payment processing fees and costs associated with Shopify Shipping and point-of-sale terminals. Revenues from merchant solutions have become more important for Shopify over time as the platform developed its ecosystem and created new apps and products for its merchants to use.\n2020 was a banner year for Shopify and its merchants. The gross merchandise value, the amount cumulatively sold through Shopify, doubled from $61.1b before the pandemic to $119.6b a year later. While 2020 growth rates will likely decline in 2021 as normal retail businesses open their doors again, merchandise volumes will continue to grow as thee-commerce market expands. I estimate that Shopify’s GMV will reach $210b for FY 2021 and $340b next year.\n(Source: Shopify)\nShopify’s FY 2020 gross profits also saw rapid growth. Gross profits surged 78% to $1.6b with more growth expected in FY 2021.\n(Source: Shopify)\nTaking on Amazon\nShopify’s merchant platform shows healthy growth in subscriber and merchant revenues and merchant revenues are going to continue to grow in importance as Shopify signs up new partners and develops its apps suite. This is quite predictable.\nLonger term, however, Shopify should emerge as a growing threat to Amazon because of its investments in fulfillment centers. Entering the physical space is the next step in Shopify’s evolution and Amazon should be worried. Amazon is still the largeste-commerce platform, by far, but Shopify’s move into fulfillment centers is set to narrow this existing gap between the two companies. Amazon’s share of US retaile-commerce share is 4.5 times larger than Shopify’s giving Shopify a lot of potential to catch up...\n(Source: Shopify)\nBuilding its own fulfillment centers makes strategic sense for Shopify since it solves problems that a lot of online retailers have. Fulfillment centers, as the same implies, take over the function of fulfillment. This means a merchant that sells on Shopify sends goods to a warehouse and Shopify takes over order processing and shipping in return for a fee. The benefit for the retailer is obvious: Reduced shipping times and optimized inventory management.\nThe benefit for Shopify: It can collect more revenues by controlling the fulfillment part of the sales process. While Shopify will build new fulfillment centers in the US as part of a $1b investment plan, it also provides Shopify with the option to use its US fulfillment network as a springboard to enter markets outside the US and drive its international expansion.\nShopify is cashed up after the pandemic year and has more than enough cash to finance its expansion which in the future will likely include the expansion into international fulfillment markets. Shopify’s balance sheet is healthy enough to support the platform’s growth.\n(Source:Shopify)\nIf Shopify and Amazon were to go toe-to-toe, Amazon would have a distinct advantage… because it is so much bigger than Shopify and because its website is drawing the most traffic as the number onee-commerce platform in the US. Amazon is about ten times bigger than Shopify regarding market value and Amazon has sales that are more than one hundred times larger than Shopify’s… so the battle between these twoe-commerce companies can be seen as a battle between David and Goliath, with Amazon being the Goliath.\nData by YCharts\nBut Shopify is growing its merchant platform fast and operates from a much smaller revenue base, which is easier to scale. Shopify has more than 1.7m merchants signed on to its platform from 175 countries and continually develops news complementary sources of revenues. In its latestproduct news, Shopify announced that it will make its “one-click checkout” available to all merchants selling on Facebook(NASDAQ:FB) and Google(NASDAQ:GOOG)(NASDAQ:GOOGL)using Shop Pay. The integration is set to lower the “abandoned card” problem many retailers have which is customers not completing the checkout process. Shop Pay could provide a remedy to this problem by making the checkout process easier and more efficient.\nRisks\nMargins ine-commerce are very thin and growing competition in the industry will make things worse long term. The easy and relatively low-cost entry into thee-commerce market could also turn out to be a problem longer term. Companies that win ine-commerce are companies like Shopify with their own ecosystems that create a moat and protect against competition. Slowing revenue growth and an overblown valuation may be the two biggest risks for Shopify.\nYou pay for Shopify's growth...\nBy the end of next year Shopify should be a $5b annual revenue company, but the critical revenue milestone could be reached much sooner if Shopify manages to grow as fast as it did during the pandemic. The expectation is for Shopify to earn $4.35-share on revenues of $4.4b in FY 2021 with revenues scaling to ten-fold to $42b this decade. I believe fulfillment centers alone represent a $1b annual revenue opportunity for Shopify long term. Revenues for FY 2022 should also be closer to $6.5b with the consensus calling for revenues of \"only\" $5.9b.\n(Source: Seeking Alpha)\nAmazon still has a big lead on Shopify, but the twoe-commerce companies are set to go toe-to-toe long term. Every new product that Shopify rolls out and every new fulfillment center it builds brings Shopify one step closer to taking Amazon head-on. Although Shopify is more expensive than Amazon on a per-dollar-of-revenue basis, the merchant platform clearly has the stature and ambition to take on Amazon.\nShopify trades at a P-S ratio of 28, but you pay for growth...\nData by YCharts\nFinal thoughts\nShopify has an incredible long-term growth opportunity and Amazon should be worried.\nShopify has proven to be a real innovator in the industry and constantly develops new products that make online shopping easier for both the online retailer and the merchant.\nAlthough Shopify has a much higher P-S ratio than Amazon, Shopify has more potential to grow because of its relatively smaller revenue base and market cap.\nThe fulfillment center strategy makes a lot of strategic sense and will fortify Shopify's position in the e-commerce market. It can also fuel Shopify's international expansion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163419021,"gmtCreate":1623891010663,"gmtModify":1634026385759,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"If there is a correction, good for the market and time to buy","listText":"If there is a correction, good for the market and time to buy","text":"If there is a correction, good for the market and time to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/163419021","repostId":"2144713861","repostType":4,"repost":{"id":"2144713861","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623883569,"share":"https://www.laohu8.com/m/news/2144713861?lang=&edition=full","pubTime":"2021-06-17 06:46","market":"us","language":"en","title":"Wall Street closes lower as Fed officials project rate hikes for 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2144713861","media":"Reuters","summary":"June 16  - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.The Fed cited an impr","content":"<p>June 16 (Reuters) - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.</p>\n<p>New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.</p>\n<p>The Fed cited an improved economic outlook, with overall economic growth expected to hit 7% this year. Still, investors were surprised to learn officials were mulling rate hikes earlier than 2024.</p>\n<p>\"At first blush, the dot plot which projected two hikes by 2023 was more hawkish than expected, and markets reacted as such,\" said Daniel Ahn, chief U.S. economist at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p>\n<p>The benchmark 10-year Treasury yield rose on the Fed news, while the dollar index , which tracks the greenback against six major currencies, rose to a six-week peak.</p>\n<p>With inflation rising faster than expected and the economy bouncing back quickly, the market had been looking for clues of when the Fed may alter the policies put into place last year to combat the economic fallout from the pandemic, including a massive bond-buying program.</p>\n<p>The Fed reiterated its promise to await \"substantial further progress\" before beginning to shift to policies tuned to a fully open economy. It also held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery.</p>\n<p>\"Chair Powell has signaled, while the committee is not yet ready to taper, it is now in the minds of the committee. They've retired the phrase 'thinking about thinking about tapering', and we expect that in the next few meetings, the committee will likely formally start discussions of tapering,\" BNP's Ahn said.</p>\n<p>The Dow Jones Industrial Average fell 265.66 points, or 0.77%, to 34,033.67, the S&amp;P 500 lost 22.89 points, or 0.54%, to 4,223.7 and the Nasdaq Composite dropped 33.17 points, or 0.24%, to 14,039.68.</p>\n<p>Only two of the S&amp;P's 11 main sector indexes ended in positive territory: consumer discretionary and retail.</p>\n<p>The decliners were led by utilities, materials, and consumer staples.</p>\n<p>Volume on U.S. exchanges was 10.90 billion shares, compared with the 10.38 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 25 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 95 new highs and 30 new lows.</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>Wall Street closes lower as Fed officials project rate hikes for 2023</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\">\nWall Street closes lower as Fed officials project rate hikes for 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 06:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 16 (Reuters) - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.</p>\n<p>New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.</p>\n<p>The Fed cited an improved economic outlook, with overall economic growth expected to hit 7% this year. Still, investors were surprised to learn officials were mulling rate hikes earlier than 2024.</p>\n<p>\"At first blush, the dot plot which projected two hikes by 2023 was more hawkish than expected, and markets reacted as such,\" said Daniel Ahn, chief U.S. economist at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p>\n<p>The benchmark 10-year Treasury yield rose on the Fed news, while the dollar index , which tracks the greenback against six major currencies, rose to a six-week peak.</p>\n<p>With inflation rising faster than expected and the economy bouncing back quickly, the market had been looking for clues of when the Fed may alter the policies put into place last year to combat the economic fallout from the pandemic, including a massive bond-buying program.</p>\n<p>The Fed reiterated its promise to await \"substantial further progress\" before beginning to shift to policies tuned to a fully open economy. It also held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery.</p>\n<p>\"Chair Powell has signaled, while the committee is not yet ready to taper, it is now in the minds of the committee. They've retired the phrase 'thinking about thinking about tapering', and we expect that in the next few meetings, the committee will likely formally start discussions of tapering,\" BNP's Ahn said.</p>\n<p>The Dow Jones Industrial Average fell 265.66 points, or 0.77%, to 34,033.67, the S&amp;P 500 lost 22.89 points, or 0.54%, to 4,223.7 and the Nasdaq Composite dropped 33.17 points, or 0.24%, to 14,039.68.</p>\n<p>Only two of the S&amp;P's 11 main sector indexes ended in positive territory: consumer discretionary and retail.</p>\n<p>The decliners were led by utilities, materials, and consumer staples.</p>\n<p>Volume on U.S. exchanges was 10.90 billion shares, compared with the 10.38 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 25 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 95 new highs and 30 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDOW":"道指三倍做空ETF-ProShares","QQQ":"纳指100ETF",".DJI":"道琼斯","DXD":"道指两倍做空ETF",".IXIC":"NASDAQ Composite","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","QID":"纳指两倍做空ETF","OEX":"标普100","DDM":"道指两倍做多ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF","DOG":"道指反向ETF","SQQQ":"纳指三倍做空ETF","DJX":"1/100道琼斯","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","TQQQ":"纳指三倍做多ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144713861","content_text":"June 16 (Reuters) - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.\nNew projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.\nThe Fed cited an improved economic outlook, with overall economic growth expected to hit 7% this year. Still, investors were surprised to learn officials were mulling rate hikes earlier than 2024.\n\"At first blush, the dot plot which projected two hikes by 2023 was more hawkish than expected, and markets reacted as such,\" said Daniel Ahn, chief U.S. economist at BNP Paribas.\nThe benchmark 10-year Treasury yield rose on the Fed news, while the dollar index , which tracks the greenback against six major currencies, rose to a six-week peak.\nWith inflation rising faster than expected and the economy bouncing back quickly, the market had been looking for clues of when the Fed may alter the policies put into place last year to combat the economic fallout from the pandemic, including a massive bond-buying program.\nThe Fed reiterated its promise to await \"substantial further progress\" before beginning to shift to policies tuned to a fully open economy. It also held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery.\n\"Chair Powell has signaled, while the committee is not yet ready to taper, it is now in the minds of the committee. They've retired the phrase 'thinking about thinking about tapering', and we expect that in the next few meetings, the committee will likely formally start discussions of tapering,\" BNP's Ahn said.\nThe Dow Jones Industrial Average fell 265.66 points, or 0.77%, to 34,033.67, the S&P 500 lost 22.89 points, or 0.54%, to 4,223.7 and the Nasdaq Composite dropped 33.17 points, or 0.24%, to 14,039.68.\nOnly two of the S&P's 11 main sector indexes ended in positive territory: consumer discretionary and retail.\nThe decliners were led by utilities, materials, and consumer staples.\nVolume on U.S. exchanges was 10.90 billion shares, compared with the 10.38 billion average over the last 20 trading days.\nThe S&P 500 posted 25 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 95 new highs and 30 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136303252,"gmtCreate":1621992714876,"gmtModify":1634184905113,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Worth buying. Looking rosy ahead and if market downturn after split, it is time to buy more!","listText":"Worth buying. Looking rosy ahead and if market downturn after split, it is time to buy more!","text":"Worth buying. Looking rosy ahead and if market downturn after split, it is time to buy more!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/136303252","repostId":"1106657602","repostType":2,"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104008391,"gmtCreate":1620343722113,"gmtModify":1634205993564,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Lastly, don’t borrow money to play stocks","listText":"Lastly, don’t borrow money to play stocks","text":"Lastly, don’t borrow money to play stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/104008391","repostId":"2133387578","repostType":4,"repost":{"id":"2133387578","pubTimestamp":1620296700,"share":"https://www.laohu8.com/m/news/2133387578?lang=&edition=full","pubTime":"2021-05-06 18:25","market":"us","language":"en","title":"Think Stocks Will Crash in May? Do These 4 Things Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2133387578","media":"Motley Fool","summary":"Stock market downturns can be daunting. Here's what you need to do to prepare.","content":"<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.</p>\n<p>Of course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced <a href=\"https://laohu8.com/S/AONE\">one</a> before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.</p>\n<h2>1. Pad your emergency savings</h2>\n<p>What does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.</p>\n<h2>2. Diversify</h2>\n<p>A diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an <b>S&amp;P 500</b> index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.</p>\n<h2>3. Add dividend stocks to your portfolio</h2>\n<p>Companies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.</p>\n<h2>4. Stockpile some cash</h2>\n<p>Market crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.</p>\n<p>Even if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.</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>Think Stocks Will Crash in May? Do These 4 Things 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\">\nThink Stocks Will Crash in May? Do These 4 Things Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 18:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/\">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/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133387578","content_text":"When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.\nOf course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced one before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.\n1. Pad your emergency savings\nWhat does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.\n2. Diversify\nA diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in one or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an S&P 500 index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.\n3. Add dividend stocks to your portfolio\nCompanies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.\n4. Stockpile some cash\nMarket crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.\nEven if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108101262,"gmtCreate":1620003078256,"gmtModify":1634208653170,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"The gurus of value investing","listText":"The gurus of value investing","text":"The gurus of value investing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108101262","repostId":"1103106179","repostType":4,"repost":{"id":"1103106179","pubTimestamp":1619917622,"share":"https://www.laohu8.com/m/news/1103106179?lang=&edition=full","pubTime":"2021-05-02 09:07","market":"us","language":"en","title":"Berkshire Hathaway Annual Meeting 2021: Highlights and storylines","url":"https://stock-news.laohu8.com/highlight/detail?id=1103106179","media":"Tiger Newspress","summary":"Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world","content":"<p>Emily McCormick·ReporterSun, May 2, 2021, 5:03 AM</p><p>Warren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.</p><p><a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16196040827650&quot;}\" target=\"_blank\"><b>Playback Live Here！</b></a></p><p>In an hours-long event, the investing legend fielded questions on Berkshire's business and investment decisions,offered advice for first-time investorsand touted the strength of American corporations in a characteristically optimistic tone.Buffett nodded to the Federal Reserveand Congress for their swift response to the COVID-19 crisis, and underscored the rebound in the U.S. economy. And the Oracle of Omaha also addressed the recent rise in retail trading andonline brokerage firmslike Robinhood,the rally in bitcoinand the boom in SPAC mergers.</p><p>In many ways, this year's meeting looked different from those in the past. The annual event took placein a hotel conference room in Los Angelesrather than in an arena in Omaha, Nebraska, due to the ongoing pandemic.</p><p>Buffett's long-time business partner Charlie Munger also returned onstage this year to co-lead the event, after sitting out last year because of the pandemic. And in a new move, Buffett and Munger were joined by Berkshire's Vice Chairmen Gregory Abel and Ajit Jain,in a signal of potential succession plans at the company.</p><p>Here were some of the highlights from the event.</p><p>—</p><p>Buffett said Berkshire Hathaway is seeing signs of rising price pressures during the COVID-19 recovery, corroborating many market participants' concerns about increasing inflationary pressures.</p><p>\"We're seeing substantial inflation. We're raising prices, people are raising prices to us. And it's being accepted,\" Buffett said. \"We really do a lot of housing. The costs are just up, up, up. Steel costs. You know, just every day they're going up.\"</p><p>\"It's an economy – really, it's red hot. And we weren't expecting it,\" he added.</p><p>—</p><p>Buffett said trading apps like Robinhoodhave contributed to the \"casino aspect\" of the stock market as of late, exploiting individuals' inclinations to gamble.</p><p>“It’s become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year, year and a half,\" Buffett said of Robinhood. \"There’s nothing, you know, there’s nothing illegal about it, there’s nothing immoral. But I don’t think you’d build a society around people doing it.\"</p><p>\"I think the degree to which a very rich society can reward people who know how to take advantage, essentially, of the gambling instincts of the American public, the worldwide public – it’s not the most admirable part of the accomplishment,\" Buffett added. \"But I think what America has accomplished is pretty admirable overall. And I think actually American corporations have turned out to be a wonderful place for people to put their money and save. But they also make terrific gambling chips, and if you cater to those gambling chips when people have money in their pocket for the first time and you tell them take my 30 or 40 or 50 trades a day and you’re not charging commission ... I hope we don’t have more of it.”</p><p>—</p><p>Buffett explained that Berkshire's move to unload many of its bank shares last year was not due to a lack of confidence in the banking industry, but more a decision to re-balance the portfolio and avoid being too heavily tilted toward one area.</p><p>\"I like banks generally, I just didn't like the proportion compared to the possible risk,\" Buffett said. \"We were over 10% of Bank of America. It's a real pain in the neck, more to the banks than us.\"</p><p>Berkshire held 1,032,952,006 shares of Bank of America as of the end of 2020, after adding 85.1 million shares in the third quarter alone. This gave Berkshire Hathaway an ownership stake of 11.9%. Berkshire cut its holdings of Wells Fargo from 345.7 million shares at year-end 2019 to 52.4 million by year-end 2020, and completely exited its holdings in JPMorgan Chase (JPM) and M&amp;T Bank Corp (MTB).</p><p>\"The banking business is way better than it was in the United States 10 or 15 years ago,\" he added. \"The banking business around the world in various places might worry me, but our banks are in far, far better shape than 10 or 15 years ago.\"</p><p>—</p><p>A shareholder asked Jain, who leads Berkshire's insurance business, whether he would be hypothetically willing to write an insurance policy for SpaceX founder Elon Musk for his proposed colonization of Mars.</p><p>\"This is an easy one. No thank you, I’ll pass,\" Jain said.</p><p>“Well I would say it would depend on the premium,” Buffett interjected with a laugh. \"And I would say that I would probably have a somewhat different rate if Elon was on board or not on board. It makes a difference if someone is asking to insure something.”</p><p>—</p><p>Warren Buffett declined to directly offer an opinion in response to a question on bitcoin, an assethe previously likened to \"rat poison squared.\"</p><p>\"I knew there’d be a question on bitcoin or crypto and I thought to myself well, I watch these politicians dodge questions all the time … The truth is, I’m going to dodge that question,\" Buffett said. \"Because the truth is, we’ve probably got hundreds of thousands of people that are watching this that own bitcoin. And we’ve probably got two people that are short. So we’ve got a choice of making 400,000 people mad at us and unhappy, and making two people happy. And it’s just a dumb equation.\"</p><p>Munger, however, issued a more direct attack.</p><p>\"Those who know me well are just waving the red flag at the bull. Of course I hate the bitcoin success,\" he said. \"And I don’t welcome a currency that’s so useful kidnappers and extortionists and so forth. Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.\"</p><p>—</p><p>Both Buffett and Munger issued strong words of support for share repurchases, especially after Berkshire reported repurchasing an additional $6.6 billion in stock in the first three months of 2021.</p><p>\"They're a way, essentially, of distributing the cash to the people that want the cash when other co-owners mostly want you to reinvest,\" Buffett said. \"It's a savings vehicle.\"</p><p>\"I find it almost impossible to believe some of the arguments that are made that it's terrible to repurchase shares from a partner if they want to get out of something, and you're able to do it at prices that are advantages to the people that are staying,\" Buffett said. \"And it helps slightly the person that wants out.\"</p><p>Munger offered a similar view.</p><p>\"You're repurchasing stock. Just a bullet higher, it's deeply immoral,\" Munger said. \"But if you're repurchasing stock because it's a fair thing to do in the interest of your existing shareholders, it's a highly moral act and the people who are criticizing it are bonkers.\"</p><p>—</p><p>Low interest rates have catalyzed a surge in valuations across equities, giving those who invest in the markets an opportunity to create wealth, Munger said during the Berkshire Hathaway question and answer segment.</p><p>\"I think one consequence of this present situation is, Bernie Sanders has basically won,\" Munger says. \"Because with everything boomed out so high and interest rates so low, what's going to happen is, the millennial generation is going to have a hell of a time getting rich compared to our generation ... He did it by accident, but he won.\"</p><p>\"And so the difference between the difference between the rich and the poor in the generation that's rising is going to be a lot less,\" he added. \"So Bernie has won.\"</p><p>—</p><p>Buffett received a question around special purpose acquisition companies, or blank-check companies, which have become a hugely popular means for firms to go public over the past year.</p><p>\"The SPACs generally have to spend their money in two years, as I understand it. If you have to buy a business in two years, you put a gun to my head and said you've got to buy a business in two years, I'd buy one but it wouldn't be much of one,\" Buffett.</p><p>\"If you're running money from somebody else and you get a fee and you get the upside and you don't have the downside, you're going to buy something,\" he added. \"And frankly we're not competitive with that.\"</p><p>\"It's an exaggerated version of what we've seen in kind of a gambling-type market,\" he added.</p><p>—</p><p>Buffett conceded that selling some of Apple's stock in 2020 was \"probably a mistake,\" with shares rising even further this year following the tech-led 2020 in the markets.</p><p>\"The brand and the product — it's an incredible product,\" Buffett said of Apple. \"It is indispensable to people.\"</p><p>\"I sold some stock last year, although our shareholders still saw their shares go up because we repurchased shares,\" he added. \"But that was probably a mistake.\"</p><p>Berkshire owned 907,559,761 shares of Appleas of the end of December for a total market value of $120.4 billion. By contrast, the firm spent just $31 billion accumulating this stake since late 2016.</p><p>—</p><p>A shareholder directed a question to Ajit Jain and Greg Abel asking about the relationship the two likely next leaders of Berkshire Hathaway have with one another, given how iconic the relationship between Warren Buffett and Charlie Munger has been over the course of the company's history.</p><p>\"There's no question the relationship Warren has with Charlie is unique,\" Jain said. \"It's not going to be duplicated, certainly not by me and Greg. I can't think of anybody that can duplicate it.\"</p><p>\"I certainly have a lot of respect, both at a professional level and personal level, in terms of what Greg's abilities are,\" Jain added. \"We do not interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective decision.\"</p><p>\"Even though the interaction may be different than say how Warren and Charlie do it ... we make sure we're always following up with each other but it goes beyond that,\" Abel said. \"Ajit has a great understanding of the Berkshire culture. I strongly believe I do too.\"</p><p>—</p><p>One shareholder asked Buffett about Berkshire's decision to invest in the oil and gas industry, and queried whether we might have \"build our own unrealistic consensus on the pace of change\" to clean energy solutions. Buffett defended the company's investment in the industry and in Chevron specifically, whichwas a relatively recent investment for the firm.</p><p>\"I would say that people are on the extremes of both sides are a little nuts. I would hate to have all the hydrocarbons banned in three years,\" Buffett said. \"You wouldn't want a world — it wouldn't work. And on the other hand, what's happening will be adapted to over time just as we've adapted to all kinds of things.\"</p><p>\"We have no problem owning Costco or Walmart and a substantial number of their stores. And they sell cigarettes, it's a big item,\" he added as an analogy. \"It's a very tough situation ... It's a very tough time to decide what companies benefit societies more than others.\"</p><p>\"I don't like making the moral judgments on stocks in terms of actually running the businesses, but there's something about every business that you knew that you wouldn't like,\" he added. \"If you expect perfection in your spouse or in your friends or in companies you're not going to find it.\"</p><p>\"Chevron is not an evil company in the least, and I have no compunction about owning it in the least, about owning Chevron,\" Buffett concluded. \"And if we owned the entire business I would not feel uncomfortable about being in that business.\"</p><p>Answering a subsequent question about the Berkshire board of directors' recommendation to voteagainst reporting climate-related risks, Munger added, \"I don't know we know the answer to all these questions about global warming.\"</p><p>\"The people who ask the questions think they know the answer. We're just more modest.\"</p><p>—</p><p>Most investors would benefit from simply purchasing an S&amp;P 500 index fund over the long run rather than picking individual stocks, even including Berkshire Hathaway, Buffett said during the question-and-answer session Saturday.</p><p>\"I recommend the S&amp;P 500 index fund … I’ve never recommended Berkshire to anybody because I don’t want people to buy it because they think I’m tipping them into something,\" he said. \"On my death there's a fund for my then-widow and 90% will go into an S&amp;P 500 index fund.\"</p><p>\"I do not think the average person can pick stocks,\" he added. \"We happen to have a large group of people that didn't pick stocks but they picked Charlie and me to manage money for them 50, 60 years ago. So we have a very unusual group of shareholders I think who look at Berkshire as a lifetime savings vehicle and one that they don’t have to think about and one that they'll, you know, they don't look at it again for 10 to 20 years.\"</p><p>Charlie Munger, on the other hand, had a different perspective.</p><p>\"I personally prefer holding Berkshire to holding the market,\" he said in response to the same question. \"I’m quite comfortable holding Berkshire. I think our businesses are better than the average in the market.\"</p><p>—</p><p>Buffett reiterated a staunchly supportive stance of U.S. corporations and capitalism in his opening remarks, highlighting that five of the six largest companies in the world by market capitalization currently comprise domestic companies. Those five companies are Apple, Microsoft, Amazon, Alphabet and Facebook, with only Saudi Aramco of Saudi Arabia coming in as a non-U.S. mega-cap company in the top six.</p><p>But only a couple hundred years ago, the U.S. looked like the underdog.</p><p>\"In 1790 we had one-half of 1% of the world's population,\" Buffett said. \"600,000 of them were slaves. Ireland had more people than the United States had. Russia had five times as many people. Ukraine had twice as many people.\"</p><p>\"But here we were. What did we have? We had a map for the future, an aspirational map that somehow now only 232 years later, leaves us with five of the top six companies in the world,\" he said. \"It's not an accident. And it's not because we were way smarter, way stronger or anything of the sort. We had good soil, decent climate, but so did some of the other countries I named. This system has worked very well.\"</p><p>—</p><p>In opening remarks at the start of Berkshire Hathaway's annual shareholder meeting, Buffett credited the U.S. economic recovery from the COVID-19 crisis toswift action by the Federal Reserve and Congress.</p><p>\"The economy went off a cliff in March. It was resurrected in an extraordinarily effective way by Federal Reserve action and later on the fiscal front by Congress,\" Buffett said in opening remarks at Berkshire's annual shareholder meeting.\"</p><p>He added that Berkshire Hathaway's own business has picked up tremendously alongside the broader economy, and suggested businesses like airlines were still among those most deeply affected by lingering effects from the pandemic.</p><p>\"Our businesses have done really quite well. This has been a very, very, very unusual recession in that it's been localized ... to an extraordinary extent. Right now business is really very good in a great many segments of the economy,\" he added. \"But there's still problems if you're in a few types of businesses that have been decimated such as international air travel or something of the sort.\"</p><p>—</p><p>The CEO of See's Candies, one of the longstanding companies owned by Berkshire Hathaway, told Yahoo Finance that the companyhas seen a strong rebound at the start of 2021. However, last year, business virtually ground to a halt.</p><p>\"This has been the longest decade of my life. We've been through a lot. Last year – it's a tale of a couple of different quarters. The first quarter was tremendous,\" See's Candies CEO Pat Egan said in an interview with Yahoo Finance's Julia La Roche ahead of the start of Berkshire's annual shareholder meeting. \"In the middle of March, when this [pandemic] really hit, we shut down all of our stores in a span of five days. So about 245 stores we closed in a matter of days. And then about a week and a half later, we closed our e-commerce fulfillment center down in Southern California. So for a period of time there, we essentially completely stopped.\"</p><p>\"We just said, we're not going to reopen stores or reopen plants until we can create a safe operating environment for our employees,\" he added. \"That took a while, and by the time we restored over the summer we saw customers coming back in. But for that period of time, it was pretty rough.\"</p><p>See's Candies just completed its \"best first quarter ever\" at the start of 2021, Egan added.</p><p>—</p><p>Berkshire Hathawayreported first-quarter results Saturday morning, underscoring arebound in profits across the firm's businesses amid the COVID-19 recovery. Berkshire also reported that it conducted another $6.6 billion of stock buybacks, extending its ramped-up share repurchase program from 2020.</p><p>Operating income during the first three months of the year increased to $7.02 billion, rising 19.5% compared to the $5.87 billion posted in the first quarter of 2020. Net earnings attributable to Berkshire shareholders swung back to a profit of $11.71 billion, compared to a loss of $49.75 billion in the same quarter last year.</p><p>Consolidated shareholders' equity rose by $4.8 billion to $448 billion by the end of March compared to the fourth quarter of 2020.</p><p><a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16196040827650&quot;}\" target=\"_blank\">If you want to watch the full live video, please click here.</a></p>","source":"yahoofinance_sg","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>Berkshire Hathaway Annual Meeting 2021: Highlights and storylines</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway Annual Meeting 2021: Highlights and storylines\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-02 09:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50><strong>Tiger Newspress</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.Playback Live Here！In an hours-...</p>\n\n<a href=\"https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔"},"source_url":"https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103106179","content_text":"Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.Playback Live Here！In an hours-long event, the investing legend fielded questions on Berkshire's business and investment decisions,offered advice for first-time investorsand touted the strength of American corporations in a characteristically optimistic tone.Buffett nodded to the Federal Reserveand Congress for their swift response to the COVID-19 crisis, and underscored the rebound in the U.S. economy. And the Oracle of Omaha also addressed the recent rise in retail trading andonline brokerage firmslike Robinhood,the rally in bitcoinand the boom in SPAC mergers.In many ways, this year's meeting looked different from those in the past. The annual event took placein a hotel conference room in Los Angelesrather than in an arena in Omaha, Nebraska, due to the ongoing pandemic.Buffett's long-time business partner Charlie Munger also returned onstage this year to co-lead the event, after sitting out last year because of the pandemic. And in a new move, Buffett and Munger were joined by Berkshire's Vice Chairmen Gregory Abel and Ajit Jain,in a signal of potential succession plans at the company.Here were some of the highlights from the event.—Buffett said Berkshire Hathaway is seeing signs of rising price pressures during the COVID-19 recovery, corroborating many market participants' concerns about increasing inflationary pressures.\"We're seeing substantial inflation. We're raising prices, people are raising prices to us. And it's being accepted,\" Buffett said. \"We really do a lot of housing. The costs are just up, up, up. Steel costs. You know, just every day they're going up.\"\"It's an economy – really, it's red hot. And we weren't expecting it,\" he added.—Buffett said trading apps like Robinhoodhave contributed to the \"casino aspect\" of the stock market as of late, exploiting individuals' inclinations to gamble.“It’s become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year, year and a half,\" Buffett said of Robinhood. \"There’s nothing, you know, there’s nothing illegal about it, there’s nothing immoral. But I don’t think you’d build a society around people doing it.\"\"I think the degree to which a very rich society can reward people who know how to take advantage, essentially, of the gambling instincts of the American public, the worldwide public – it’s not the most admirable part of the accomplishment,\" Buffett added. \"But I think what America has accomplished is pretty admirable overall. And I think actually American corporations have turned out to be a wonderful place for people to put their money and save. But they also make terrific gambling chips, and if you cater to those gambling chips when people have money in their pocket for the first time and you tell them take my 30 or 40 or 50 trades a day and you’re not charging commission ... I hope we don’t have more of it.”—Buffett explained that Berkshire's move to unload many of its bank shares last year was not due to a lack of confidence in the banking industry, but more a decision to re-balance the portfolio and avoid being too heavily tilted toward one area.\"I like banks generally, I just didn't like the proportion compared to the possible risk,\" Buffett said. \"We were over 10% of Bank of America. It's a real pain in the neck, more to the banks than us.\"Berkshire held 1,032,952,006 shares of Bank of America as of the end of 2020, after adding 85.1 million shares in the third quarter alone. This gave Berkshire Hathaway an ownership stake of 11.9%. Berkshire cut its holdings of Wells Fargo from 345.7 million shares at year-end 2019 to 52.4 million by year-end 2020, and completely exited its holdings in JPMorgan Chase (JPM) and M&T Bank Corp (MTB).\"The banking business is way better than it was in the United States 10 or 15 years ago,\" he added. \"The banking business around the world in various places might worry me, but our banks are in far, far better shape than 10 or 15 years ago.\"—A shareholder asked Jain, who leads Berkshire's insurance business, whether he would be hypothetically willing to write an insurance policy for SpaceX founder Elon Musk for his proposed colonization of Mars.\"This is an easy one. No thank you, I’ll pass,\" Jain said.“Well I would say it would depend on the premium,” Buffett interjected with a laugh. \"And I would say that I would probably have a somewhat different rate if Elon was on board or not on board. It makes a difference if someone is asking to insure something.”—Warren Buffett declined to directly offer an opinion in response to a question on bitcoin, an assethe previously likened to \"rat poison squared.\"\"I knew there’d be a question on bitcoin or crypto and I thought to myself well, I watch these politicians dodge questions all the time … The truth is, I’m going to dodge that question,\" Buffett said. \"Because the truth is, we’ve probably got hundreds of thousands of people that are watching this that own bitcoin. And we’ve probably got two people that are short. So we’ve got a choice of making 400,000 people mad at us and unhappy, and making two people happy. And it’s just a dumb equation.\"Munger, however, issued a more direct attack.\"Those who know me well are just waving the red flag at the bull. Of course I hate the bitcoin success,\" he said. \"And I don’t welcome a currency that’s so useful kidnappers and extortionists and so forth. Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.\"—Both Buffett and Munger issued strong words of support for share repurchases, especially after Berkshire reported repurchasing an additional $6.6 billion in stock in the first three months of 2021.\"They're a way, essentially, of distributing the cash to the people that want the cash when other co-owners mostly want you to reinvest,\" Buffett said. \"It's a savings vehicle.\"\"I find it almost impossible to believe some of the arguments that are made that it's terrible to repurchase shares from a partner if they want to get out of something, and you're able to do it at prices that are advantages to the people that are staying,\" Buffett said. \"And it helps slightly the person that wants out.\"Munger offered a similar view.\"You're repurchasing stock. Just a bullet higher, it's deeply immoral,\" Munger said. \"But if you're repurchasing stock because it's a fair thing to do in the interest of your existing shareholders, it's a highly moral act and the people who are criticizing it are bonkers.\"—Low interest rates have catalyzed a surge in valuations across equities, giving those who invest in the markets an opportunity to create wealth, Munger said during the Berkshire Hathaway question and answer segment.\"I think one consequence of this present situation is, Bernie Sanders has basically won,\" Munger says. \"Because with everything boomed out so high and interest rates so low, what's going to happen is, the millennial generation is going to have a hell of a time getting rich compared to our generation ... He did it by accident, but he won.\"\"And so the difference between the difference between the rich and the poor in the generation that's rising is going to be a lot less,\" he added. \"So Bernie has won.\"—Buffett received a question around special purpose acquisition companies, or blank-check companies, which have become a hugely popular means for firms to go public over the past year.\"The SPACs generally have to spend their money in two years, as I understand it. If you have to buy a business in two years, you put a gun to my head and said you've got to buy a business in two years, I'd buy one but it wouldn't be much of one,\" Buffett.\"If you're running money from somebody else and you get a fee and you get the upside and you don't have the downside, you're going to buy something,\" he added. \"And frankly we're not competitive with that.\"\"It's an exaggerated version of what we've seen in kind of a gambling-type market,\" he added.—Buffett conceded that selling some of Apple's stock in 2020 was \"probably a mistake,\" with shares rising even further this year following the tech-led 2020 in the markets.\"The brand and the product — it's an incredible product,\" Buffett said of Apple. \"It is indispensable to people.\"\"I sold some stock last year, although our shareholders still saw their shares go up because we repurchased shares,\" he added. \"But that was probably a mistake.\"Berkshire owned 907,559,761 shares of Appleas of the end of December for a total market value of $120.4 billion. By contrast, the firm spent just $31 billion accumulating this stake since late 2016.—A shareholder directed a question to Ajit Jain and Greg Abel asking about the relationship the two likely next leaders of Berkshire Hathaway have with one another, given how iconic the relationship between Warren Buffett and Charlie Munger has been over the course of the company's history.\"There's no question the relationship Warren has with Charlie is unique,\" Jain said. \"It's not going to be duplicated, certainly not by me and Greg. I can't think of anybody that can duplicate it.\"\"I certainly have a lot of respect, both at a professional level and personal level, in terms of what Greg's abilities are,\" Jain added. \"We do not interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective decision.\"\"Even though the interaction may be different than say how Warren and Charlie do it ... we make sure we're always following up with each other but it goes beyond that,\" Abel said. \"Ajit has a great understanding of the Berkshire culture. I strongly believe I do too.\"—One shareholder asked Buffett about Berkshire's decision to invest in the oil and gas industry, and queried whether we might have \"build our own unrealistic consensus on the pace of change\" to clean energy solutions. Buffett defended the company's investment in the industry and in Chevron specifically, whichwas a relatively recent investment for the firm.\"I would say that people are on the extremes of both sides are a little nuts. I would hate to have all the hydrocarbons banned in three years,\" Buffett said. \"You wouldn't want a world — it wouldn't work. And on the other hand, what's happening will be adapted to over time just as we've adapted to all kinds of things.\"\"We have no problem owning Costco or Walmart and a substantial number of their stores. And they sell cigarettes, it's a big item,\" he added as an analogy. \"It's a very tough situation ... It's a very tough time to decide what companies benefit societies more than others.\"\"I don't like making the moral judgments on stocks in terms of actually running the businesses, but there's something about every business that you knew that you wouldn't like,\" he added. \"If you expect perfection in your spouse or in your friends or in companies you're not going to find it.\"\"Chevron is not an evil company in the least, and I have no compunction about owning it in the least, about owning Chevron,\" Buffett concluded. \"And if we owned the entire business I would not feel uncomfortable about being in that business.\"Answering a subsequent question about the Berkshire board of directors' recommendation to voteagainst reporting climate-related risks, Munger added, \"I don't know we know the answer to all these questions about global warming.\"\"The people who ask the questions think they know the answer. We're just more modest.\"—Most investors would benefit from simply purchasing an S&P 500 index fund over the long run rather than picking individual stocks, even including Berkshire Hathaway, Buffett said during the question-and-answer session Saturday.\"I recommend the S&P 500 index fund … I’ve never recommended Berkshire to anybody because I don’t want people to buy it because they think I’m tipping them into something,\" he said. \"On my death there's a fund for my then-widow and 90% will go into an S&P 500 index fund.\"\"I do not think the average person can pick stocks,\" he added. \"We happen to have a large group of people that didn't pick stocks but they picked Charlie and me to manage money for them 50, 60 years ago. So we have a very unusual group of shareholders I think who look at Berkshire as a lifetime savings vehicle and one that they don’t have to think about and one that they'll, you know, they don't look at it again for 10 to 20 years.\"Charlie Munger, on the other hand, had a different perspective.\"I personally prefer holding Berkshire to holding the market,\" he said in response to the same question. \"I’m quite comfortable holding Berkshire. I think our businesses are better than the average in the market.\"—Buffett reiterated a staunchly supportive stance of U.S. corporations and capitalism in his opening remarks, highlighting that five of the six largest companies in the world by market capitalization currently comprise domestic companies. Those five companies are Apple, Microsoft, Amazon, Alphabet and Facebook, with only Saudi Aramco of Saudi Arabia coming in as a non-U.S. mega-cap company in the top six.But only a couple hundred years ago, the U.S. looked like the underdog.\"In 1790 we had one-half of 1% of the world's population,\" Buffett said. \"600,000 of them were slaves. Ireland had more people than the United States had. Russia had five times as many people. Ukraine had twice as many people.\"\"But here we were. What did we have? We had a map for the future, an aspirational map that somehow now only 232 years later, leaves us with five of the top six companies in the world,\" he said. \"It's not an accident. And it's not because we were way smarter, way stronger or anything of the sort. We had good soil, decent climate, but so did some of the other countries I named. This system has worked very well.\"—In opening remarks at the start of Berkshire Hathaway's annual shareholder meeting, Buffett credited the U.S. economic recovery from the COVID-19 crisis toswift action by the Federal Reserve and Congress.\"The economy went off a cliff in March. It was resurrected in an extraordinarily effective way by Federal Reserve action and later on the fiscal front by Congress,\" Buffett said in opening remarks at Berkshire's annual shareholder meeting.\"He added that Berkshire Hathaway's own business has picked up tremendously alongside the broader economy, and suggested businesses like airlines were still among those most deeply affected by lingering effects from the pandemic.\"Our businesses have done really quite well. This has been a very, very, very unusual recession in that it's been localized ... to an extraordinary extent. Right now business is really very good in a great many segments of the economy,\" he added. \"But there's still problems if you're in a few types of businesses that have been decimated such as international air travel or something of the sort.\"—The CEO of See's Candies, one of the longstanding companies owned by Berkshire Hathaway, told Yahoo Finance that the companyhas seen a strong rebound at the start of 2021. However, last year, business virtually ground to a halt.\"This has been the longest decade of my life. We've been through a lot. Last year – it's a tale of a couple of different quarters. The first quarter was tremendous,\" See's Candies CEO Pat Egan said in an interview with Yahoo Finance's Julia La Roche ahead of the start of Berkshire's annual shareholder meeting. \"In the middle of March, when this [pandemic] really hit, we shut down all of our stores in a span of five days. So about 245 stores we closed in a matter of days. And then about a week and a half later, we closed our e-commerce fulfillment center down in Southern California. So for a period of time there, we essentially completely stopped.\"\"We just said, we're not going to reopen stores or reopen plants until we can create a safe operating environment for our employees,\" he added. \"That took a while, and by the time we restored over the summer we saw customers coming back in. But for that period of time, it was pretty rough.\"See's Candies just completed its \"best first quarter ever\" at the start of 2021, Egan added.—Berkshire Hathawayreported first-quarter results Saturday morning, underscoring arebound in profits across the firm's businesses amid the COVID-19 recovery. Berkshire also reported that it conducted another $6.6 billion of stock buybacks, extending its ramped-up share repurchase program from 2020.Operating income during the first three months of the year increased to $7.02 billion, rising 19.5% compared to the $5.87 billion posted in the first quarter of 2020. Net earnings attributable to Berkshire shareholders swung back to a profit of $11.71 billion, compared to a loss of $49.75 billion in the same quarter last year.Consolidated shareholders' equity rose by $4.8 billion to $448 billion by the end of March compared to the fourth quarter of 2020.If you want to watch the full live video, please click here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101050035,"gmtCreate":1619832214827,"gmtModify":1634209642899,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Nio when to buy and when to sell (pun intended) for both stocks","listText":"Nio when to buy and when to sell (pun intended) for both stocks","text":"Nio when to buy and when to sell (pun intended) for both stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/101050035","repostId":"1137943982","repostType":4,"repost":{"id":"1137943982","pubTimestamp":1619749878,"share":"https://www.laohu8.com/m/news/1137943982?lang=&edition=full","pubTime":"2021-04-30 10:31","market":"us","language":"en","title":"XPeng Vs. NIO: Which EV Stock Is The Better Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1137943982","media":"seekingalpha","summary":"The EV industry experiences high growth rates and there are many new market entrants.NIO and XPeng belong to the highest-growth EV companies and have a lot of potential in their home market China.Both have some unique offerings, trade at a discount compared to Tesla, and grow more quickly. But which one is the better choice?Electric vehicle companies have experienced a big increase in investor interest over the last year, as the EV market continued to expand at a rapid pace. The number of EV sto","content":"<p><b>Summary</b></p>\n<ul>\n <li>The EV industry experiences high growth rates and there are many new market entrants.</li>\n <li>NIO and XPeng belong to the highest-growth EV companies and have a lot of potential in their home market China.</li>\n <li>Both have some unique offerings, trade at a discount compared to Tesla, and grow more quickly. But which one is the better choice?</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f4aaa88cf5d3f942b0de6eda862dd6dd\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by jonathanfilskov-photography/iStock via Getty Images</span></p>\n<p>Electric vehicle companies have experienced a big increase in investor interest over the last year, as the EV market continued to expand at a rapid pace. The number of EV stocks investors can choose from continues to rise as well, and two of the biggest ones are NIO (NIO) and XPeng (XPEV). In this article, we will take a look at these two major Chinese EV pure-plays to decide which one may be a better investment.</p>\n<p><b>XPeng Versus NIO Stock</b></p>\n<p>XPeng Inc and NIO Inc have both seen their share prices rise considerably over the last year. New investors rushed into markets, while interest in EV stocks rose, which could be seen in the share prices of the likes of Tesla (TSLA), but also with these two Chinese EV players:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/76ba39e1d303590ed1db133e32f7f347\" tg-width=\"635\" tg-height=\"467\"><span>Data by YCharts</span></p>\n<p>Right now, with shares trading at $41 and $31, respectively, NIO and XPeng are valued at $67 billion and $25 billion. This is a far cry from the $700 billion Tesla is valued at, but both NIO and XPeng still belong to the EV pure-plays with the highest market capitalizations. Others in this category include BYD (OTCPK:BYDDY) and Li Auto (LI).</p>\n<p>The big share price increases these two companies have experienced bring up the question of whether these valuations do make sense. This is a question where some will agree and others will not - both companies are growing very fast, which naturally warrants a higher valuation, but on the other hand, they are both not profitable yet, and current forecasts do see them remain unprofitable through 2022. We will take a closer look at valuation further down in this article.</p>\n<p><b>Exposure To The High-Growth Chinese EV Market</b></p>\n<p>Both companies are located in China, manufacture their cars in China, and primarily sell their vehicles in China. China is one of the biggest EV markets in the world, and the biggest overall automobile market globally. Chinese politicians have ambitious goals of increasing the amount of EVs on the country's roads, partially due to a need to reduce local emissions in order to fight smog troubles. On top of that, China has a rapidly growing middle class, which is, of course, a major tailwind for consumption, which also benefits purchases of EVs and other vehicles.</p>\n<p>In 2020, 1.3 million EVs were sold in China, which represents about 40% of the global EV market. Forecasts see a&nbsp;50% increase&nbsp;in EVs being sold in China in 2021, which gets us to an estimated 2.0 million electric vehicles being sold in China this year.</p>\n<p>The high growth rate in their home market has been a major driver for both NIO's and XPeng's growth. During 2020, NIO sold&nbsp;44,000 vehicles, but a lot more growth is forecasted for the current year. NIO planned to sell more than 20,000 vehicles in Q1 alone, which equates to an annual pace of more than 80,000, and with further ramp-up expected for Q2-Q4, it is likely that NIO will sell at least 100,000 of its EVs this year.</p>\n<p>Xiaopeng Motors, on the other hand,has sold 27,000 vehicles&nbsp;in 2020, albeit its pace already stood at more than 50,000 vehicles annually in Q4. XPeng has guided for at least 12,500 EVs being sold in Q1, and factoring in the seasonality of the business and further ramp-up of production in coming quarters, it is very likely that XPeng will more than double its sales this year.</p>\n<p>Looking at analyst estimates, we see that this year's strong growth that is expected for both companies is not an outlier. Instead, 2022 will be another year during which both NIO and XPeng should grow at a strong pace.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8d2acba3a3368db073de724bd97eb71c\" tg-width=\"635\" tg-height=\"436\"><span>Data by YCharts</span></p>\n<p>NIO is forecasted to grow its revenues to $5.4 billion this year, with another 59% growth forecasted for 2022, while revenues for 2023 are expected at $12.5 billion (up 45% versus 2022's expected revenues).</p>\n<p>XPeng data is not available at YCharts, but the growth curves look very strong as well -analysts are forecasting&nbsp;that revenues will hit $2.1 billion this year (up 130% versus 2020), and that revenues during 2022 will hit $4.2 billion, up by another 100%.</p>\n<p>Among the two, NIO is the larger one by both vehicle deliveries and revenues, which is also reflected in its higher valuation. XPeng, however, with its strong expected growth, will also become a much larger player in this space over the next couple of years.</p>\n<p>Looking at market share, we see that NIO sells about one in every 20 EVs in China, while XPeng, due to its smaller size, sells about one in every 35 EVs. Both have bigger peers in their home market China, including Tesla, but at the same time, both NIO and XPeng are growing faster than the market. This should result in ongoing market share gains for both companies over the coming years. Thanks to the ongoing introduction of new models and their aggressive growth plans, it seems likely that both companies will continue to gain share over the coming years, as their above-market growth will be maintained.</p>\n<p><b>Unique Pros For NIO And XPeng</b></p>\n<p>When looking at unique selling points for these two companies in the crowded EV market, both are trying to set themselves aside from competitors. One of NIO's best arguments for why consumers should buy a NIO-branded car is its battery-swapping technology and battery-as-a-service offering. This service allows consumers to swap their batteries in a couple of minutes, which negates one of the main arguments consumers may still hold against EVs - that it takes too long to recharge a vehicle while on a road trip or similar.</p>\n<p>With NIO's technology, which has been used millions of times already, this isn't a concern, at least while consumers live and travel in a geographic area with a dense battery-swapping network. Such networks do not exist outside of China yet, but in its home market, NIO can clearly differentiate itself from competitors with BAAS.</p>\n<p>XPeng, on the other hand, is working hard on branding itself as the \"Smart EV\" company. It puts an above-average focus on R&amp;D and is working hard on bringing smart technologies like advanced driver assistance systems to consumers. This strategy is primarily aimed at younger consumers. XPeng has managed to become one of the more popular EV players in China, but its offering is still not as unique as NIO's BAAS.</p>\n<p><b>Chinese EV Market: Tailwinds For Domestic Producers</b></p>\n<p>Tesla is still the largest EV player in the world, and it also sells a large amount of cars in China. Recent news, however, shows why domestic producers may ultimately be favored in China. Tesla is experiencing more scrutiny by the Chinese government and Chinese regulators, which has gotten so far that Tesla vehicles have been prevented from&nbsp;accessing some highways&nbsp;in the country due to safety concerns. Its vehicles have also reportedly been banned from military bases in the country, and the company has also experienced&nbsp;social media campaigns&nbsp;that are very unfavorable towards Tesla.</p>\n<p>It looks like a theme that has been visible in other industries as well - Chinese regulators and governments favor domestic producers - could hold true in the high-growth EV industry as well. This positions NIO and XPeng well for success in their home countries.</p>\n<p><b>NIO And XPeng: Valuation</b></p>\n<p>Since both companies aren't profitable yet, we can't use earnings multiple to decide whether they are undervalued or not. We can, however, look at revenue multiples to deduce whether shares are favorably priced right now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/12557115440606d283aa6aa8ff14c611\" tg-width=\"635\" tg-height=\"433\"><span>Data by YCharts</span></p>\n<p>NIO is trading at 5.6 times 2023's expected revenue, while XPeng is valued at roughly 3 times 2023's expected revenue (data not available on YCharts). This compares favorably versus the current EV king Tesla, which trades at 8 times 2023's expected revenue. On the other hand, however, both NIO and XPeng are of course way more expensive than legacy auto companies with a growing EV presence, including Volkswagen (OTCPK:VWAGY), which trades at less than 1 times its annual sales.</p>\n<p><b>Is NIO Or XPeng A Buy</b></p>\n<p>Both companies enjoy high growth rates, have shown solid Q1 results, and both benefit from China's policy of favoring domestic companies in a range of ways. It can be expected that both NIO Inc and XPeng Inc will continue to do well operationally, and it is also worth mentioning that both companies are significantly less expensive than Tesla, the current leader in the EV space. It is noteworthy that NIO and XPeng are less expensive despite delivering stronger growth rates on a relative basis.</p>\n<p>At the same time, however, one can't say that either of these companies is inexpensive - they both still trade at large premiums over legacy auto companies.</p>\n<p>Due to the fact that NIO has gotten farther in growing its business so far, combined with the very unique BAAS offering that clearly differentiates it from peers and provides a major reason to use its products, I see it as a more favorable choice than XPeng generally. I believe this warrants a premium versus XPeng, which isn't as uniquely positioned and could experience more growing pains in coming years due to its smaller size.</p>\n<p>Nevertheless, due to valuation, I don't think NIO's shares are a great buy right here, even though I would prefer them over those of XPeng (and I would prefer both over those of Tesla). Investors may want to wait for more favorable prices before entering or expanding a position if the current valuation gives them a pause - both when it comes to these two companies, as well as when other EV companies are considered.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>XPeng Vs. NIO: Which EV Stock Is The Better Buy</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\">\nXPeng Vs. NIO: Which EV Stock Is The Better Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 10:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4422352-xpeng-vs-nio-stock-better-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe EV industry experiences high growth rates and there are many new market entrants.\nNIO and XPeng belong to the highest-growth EV companies and have a lot of potential in their home market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4422352-xpeng-vs-nio-stock-better-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4422352-xpeng-vs-nio-stock-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1137943982","content_text":"Summary\n\nThe EV industry experiences high growth rates and there are many new market entrants.\nNIO and XPeng belong to the highest-growth EV companies and have a lot of potential in their home market China.\nBoth have some unique offerings, trade at a discount compared to Tesla, and grow more quickly. But which one is the better choice?\n\nPhoto by jonathanfilskov-photography/iStock via Getty Images\nElectric vehicle companies have experienced a big increase in investor interest over the last year, as the EV market continued to expand at a rapid pace. The number of EV stocks investors can choose from continues to rise as well, and two of the biggest ones are NIO (NIO) and XPeng (XPEV). In this article, we will take a look at these two major Chinese EV pure-plays to decide which one may be a better investment.\nXPeng Versus NIO Stock\nXPeng Inc and NIO Inc have both seen their share prices rise considerably over the last year. New investors rushed into markets, while interest in EV stocks rose, which could be seen in the share prices of the likes of Tesla (TSLA), but also with these two Chinese EV players:\nData by YCharts\nRight now, with shares trading at $41 and $31, respectively, NIO and XPeng are valued at $67 billion and $25 billion. This is a far cry from the $700 billion Tesla is valued at, but both NIO and XPeng still belong to the EV pure-plays with the highest market capitalizations. Others in this category include BYD (OTCPK:BYDDY) and Li Auto (LI).\nThe big share price increases these two companies have experienced bring up the question of whether these valuations do make sense. This is a question where some will agree and others will not - both companies are growing very fast, which naturally warrants a higher valuation, but on the other hand, they are both not profitable yet, and current forecasts do see them remain unprofitable through 2022. We will take a closer look at valuation further down in this article.\nExposure To The High-Growth Chinese EV Market\nBoth companies are located in China, manufacture their cars in China, and primarily sell their vehicles in China. China is one of the biggest EV markets in the world, and the biggest overall automobile market globally. Chinese politicians have ambitious goals of increasing the amount of EVs on the country's roads, partially due to a need to reduce local emissions in order to fight smog troubles. On top of that, China has a rapidly growing middle class, which is, of course, a major tailwind for consumption, which also benefits purchases of EVs and other vehicles.\nIn 2020, 1.3 million EVs were sold in China, which represents about 40% of the global EV market. Forecasts see a 50% increase in EVs being sold in China in 2021, which gets us to an estimated 2.0 million electric vehicles being sold in China this year.\nThe high growth rate in their home market has been a major driver for both NIO's and XPeng's growth. During 2020, NIO sold 44,000 vehicles, but a lot more growth is forecasted for the current year. NIO planned to sell more than 20,000 vehicles in Q1 alone, which equates to an annual pace of more than 80,000, and with further ramp-up expected for Q2-Q4, it is likely that NIO will sell at least 100,000 of its EVs this year.\nXiaopeng Motors, on the other hand,has sold 27,000 vehicles in 2020, albeit its pace already stood at more than 50,000 vehicles annually in Q4. XPeng has guided for at least 12,500 EVs being sold in Q1, and factoring in the seasonality of the business and further ramp-up of production in coming quarters, it is very likely that XPeng will more than double its sales this year.\nLooking at analyst estimates, we see that this year's strong growth that is expected for both companies is not an outlier. Instead, 2022 will be another year during which both NIO and XPeng should grow at a strong pace.\nData by YCharts\nNIO is forecasted to grow its revenues to $5.4 billion this year, with another 59% growth forecasted for 2022, while revenues for 2023 are expected at $12.5 billion (up 45% versus 2022's expected revenues).\nXPeng data is not available at YCharts, but the growth curves look very strong as well -analysts are forecasting that revenues will hit $2.1 billion this year (up 130% versus 2020), and that revenues during 2022 will hit $4.2 billion, up by another 100%.\nAmong the two, NIO is the larger one by both vehicle deliveries and revenues, which is also reflected in its higher valuation. XPeng, however, with its strong expected growth, will also become a much larger player in this space over the next couple of years.\nLooking at market share, we see that NIO sells about one in every 20 EVs in China, while XPeng, due to its smaller size, sells about one in every 35 EVs. Both have bigger peers in their home market China, including Tesla, but at the same time, both NIO and XPeng are growing faster than the market. This should result in ongoing market share gains for both companies over the coming years. Thanks to the ongoing introduction of new models and their aggressive growth plans, it seems likely that both companies will continue to gain share over the coming years, as their above-market growth will be maintained.\nUnique Pros For NIO And XPeng\nWhen looking at unique selling points for these two companies in the crowded EV market, both are trying to set themselves aside from competitors. One of NIO's best arguments for why consumers should buy a NIO-branded car is its battery-swapping technology and battery-as-a-service offering. This service allows consumers to swap their batteries in a couple of minutes, which negates one of the main arguments consumers may still hold against EVs - that it takes too long to recharge a vehicle while on a road trip or similar.\nWith NIO's technology, which has been used millions of times already, this isn't a concern, at least while consumers live and travel in a geographic area with a dense battery-swapping network. Such networks do not exist outside of China yet, but in its home market, NIO can clearly differentiate itself from competitors with BAAS.\nXPeng, on the other hand, is working hard on branding itself as the \"Smart EV\" company. It puts an above-average focus on R&D and is working hard on bringing smart technologies like advanced driver assistance systems to consumers. This strategy is primarily aimed at younger consumers. XPeng has managed to become one of the more popular EV players in China, but its offering is still not as unique as NIO's BAAS.\nChinese EV Market: Tailwinds For Domestic Producers\nTesla is still the largest EV player in the world, and it also sells a large amount of cars in China. Recent news, however, shows why domestic producers may ultimately be favored in China. Tesla is experiencing more scrutiny by the Chinese government and Chinese regulators, which has gotten so far that Tesla vehicles have been prevented from accessing some highways in the country due to safety concerns. Its vehicles have also reportedly been banned from military bases in the country, and the company has also experienced social media campaigns that are very unfavorable towards Tesla.\nIt looks like a theme that has been visible in other industries as well - Chinese regulators and governments favor domestic producers - could hold true in the high-growth EV industry as well. This positions NIO and XPeng well for success in their home countries.\nNIO And XPeng: Valuation\nSince both companies aren't profitable yet, we can't use earnings multiple to decide whether they are undervalued or not. We can, however, look at revenue multiples to deduce whether shares are favorably priced right now.\nData by YCharts\nNIO is trading at 5.6 times 2023's expected revenue, while XPeng is valued at roughly 3 times 2023's expected revenue (data not available on YCharts). This compares favorably versus the current EV king Tesla, which trades at 8 times 2023's expected revenue. On the other hand, however, both NIO and XPeng are of course way more expensive than legacy auto companies with a growing EV presence, including Volkswagen (OTCPK:VWAGY), which trades at less than 1 times its annual sales.\nIs NIO Or XPeng A Buy\nBoth companies enjoy high growth rates, have shown solid Q1 results, and both benefit from China's policy of favoring domestic companies in a range of ways. It can be expected that both NIO Inc and XPeng Inc will continue to do well operationally, and it is also worth mentioning that both companies are significantly less expensive than Tesla, the current leader in the EV space. It is noteworthy that NIO and XPeng are less expensive despite delivering stronger growth rates on a relative basis.\nAt the same time, however, one can't say that either of these companies is inexpensive - they both still trade at large premiums over legacy auto companies.\nDue to the fact that NIO has gotten farther in growing its business so far, combined with the very unique BAAS offering that clearly differentiates it from peers and provides a major reason to use its products, I see it as a more favorable choice than XPeng generally. I believe this warrants a premium versus XPeng, which isn't as uniquely positioned and could experience more growing pains in coming years due to its smaller size.\nNevertheless, due to valuation, I don't think NIO's shares are a great buy right here, even though I would prefer them over those of XPeng (and I would prefer both over those of Tesla). Investors may want to wait for more favorable prices before entering or expanding a position if the current valuation gives them a pause - both when it comes to these two companies, as well as when other EV companies are considered.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342893370,"gmtCreate":1618195231390,"gmtModify":1634294493087,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Will be interesting to see what nvidia has to offer","listText":"Will be interesting to see what nvidia has to offer","text":"Will be interesting to see what nvidia has to offer","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/342893370","repostId":"1137529737","repostType":4,"repost":{"id":"1137529737","pubTimestamp":1618184239,"share":"https://www.laohu8.com/m/news/1137529737?lang=&edition=full","pubTime":"2021-04-12 07:37","market":"us","language":"en","title":"JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1137529737","media":"Barrons","summary":"First-quarter earnings season kicks off this week, beginning as always with results from several of ","content":"<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed&nbsp;by Bank of&nbsp;America and Citigroup on Thursday and Morgan Stanley on Friday.</p><p>Other notable companies reporting this week include industrial&nbsp;supplier&nbsp;Fastenalon Tuesday.Delta Air Lines,PepsiCo,and&nbsp;UnitedHealth Group&nbsp;publish results on Thursday. And&nbsp;Kansas City Southern&nbsp;reports on Friday.&nbsp; A total of 22&nbsp;S&amp;P 500&nbsp;companies report this week, followed by 64 next week.</p><p><img src=\"https://static.tigerbbs.com/ac3c413681d3a9e134223c4d1a02d883\" tg-width=\"1410\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p>It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.</p><p>Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.</p><p><b>Monday 4/12</b></p><p>Nvidia&nbsp;hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.</p><p><b>Tuesday 4/13</b></p><p>Fastenal reports quarterly results.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.</p><p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.</p><p><b>Wednesday 4/14</b></p><p><b>Earnings season begins</b>&nbsp;in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.</p><p>First Republic Bankreleases earnings.</p><p><b>Coinbase Global</b>&nbsp;is set to&nbsp;make its Wall Street debut&nbsp;on Wednesday through a direct listing of its shares on the Nasdaq.</p><p><b>The BLS reports</b>&nbsp;export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.</p><p><b>The Federal Reserve</b>&nbsp;releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.</p><p><b>Thursday 4/15</b></p><p>Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.</p><p><b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.</p><p><b>The Census Bureau</b>&nbsp;reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.</p><p><b>Friday 4/16</b></p><p>Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and&nbsp;State Street&nbsp;hold conference calls to discuss earnings.</p><p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.</p><p><b>The Census Bureau</b>&nbsp;reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.</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>JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week</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\">\nJPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, ...</p>\n\n<a href=\"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","JPM":"摩根大通","COIN":"Coinbase Global, Inc.","WFC":"富国银行","MS":"摩根士丹利","NVDA":"英伟达",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","GS":"高盛"},"source_url":"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137529737","content_text":"First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed by Bank of America and Citigroup on Thursday and Morgan Stanley on Friday.Other notable companies reporting this week include industrial supplier Fastenalon Tuesday.Delta Air Lines,PepsiCo,and UnitedHealth Group publish results on Thursday. And Kansas City Southern reports on Friday.  A total of 22 S&P 500 companies report this week, followed by 64 next week.It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.Monday 4/12Nvidia hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.Tuesday 4/13Fastenal reports quarterly results.The Bureau of Labor Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.The National Federation of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.Wednesday 4/14Earnings season begins in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.First Republic Bankreleases earnings.Coinbase Global is set to make its Wall Street debut on Wednesday through a direct listing of its shares on the Nasdaq.The BLS reports export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.The Federal Reserve releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.Thursday 4/15Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.The Census Bureau reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.Friday 4/16Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and State Street hold conference calls to discuss earnings.The University of Michigan releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.The Census Bureau reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346757677,"gmtCreate":1618117303599,"gmtModify":1634294812474,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Buying opportunity for pfizer and moderna","listText":"Buying opportunity for pfizer and moderna","text":"Buying opportunity for pfizer and moderna","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346757677","repostId":"2126038125","repostType":4,"repost":{"id":"2126038125","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617981432,"share":"https://www.laohu8.com/m/news/2126038125?lang=&edition=full","pubTime":"2021-04-09 23:17","market":"us","language":"en","title":"EU seeks new contract with Pfizer/BioNTech for up to 1.8 billion vaccines from 2022 -EU source","url":"https://stock-news.laohu8.com/highlight/detail?id=2126038125","media":"Reuters","summary":"BRUSSELS, April 9 (Reuters) - The European Commission is seeking EU governments’ approval to launch ","content":"<p>BRUSSELS, April 9 (Reuters) - The European Commission is seeking EU governments’ approval to launch talks with Pfizer and BioNTech for the purchase of up to 1.8 billion doses of their COVID-19 vaccines to be delivered in 2022 and 2023, an EU official told Reuters.</p>\n<p>Earlier on Friday, German daily Die Welt reported that the Commission was shortly to sign contracts to buy up to 1.8 billion doses, but did not say with which company.</p>\n<p>The EU official, who asked not to be named because the matter is confidential, said the EU executive had already decided to approach Pfizer-BioNTech and that EU governments backed the plan, though there was not yet a definitive approval.</p>\n<p>A Commission spokesman confirmed plans to buy the additional doses, of which half would be optional.</p>\n<p>He also confirmed that the EU executive had already identified one supplier, a manufacturer of mRNA vaccines, but declined to comment on which company would be approached to negotiate the contract.</p>\n<p>“If provided the opportunity Pfizer and BioNTech are prepared to supply Europe with hundreds of millions of doses of COVID vaccines in 2022 and 2023 produced in our manufacturing facilities in Europe,” a Pfizer spokesman said.</p>\n<p>The two companies have the capacity to produce more than 3 billion doses of vaccine in 2022, he added.</p>\n<p>Pfizer-BioNTech and Moderna are already supplying the EU with mRNA vaccines and German biotech firm CureVac is seeking EU approval for its mRNA shot.</p>\n<p>The vaccines would be delivered under monthly timetables and with clauses obliging the supplier to deliver, the EU official said.</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>EU seeks new contract with Pfizer/BioNTech for up to 1.8 billion vaccines from 2022 -EU source</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\">\nEU seeks new contract with Pfizer/BioNTech for up to 1.8 billion vaccines from 2022 -EU source\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-09 23:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BRUSSELS, April 9 (Reuters) - The European Commission is seeking EU governments’ approval to launch talks with Pfizer and BioNTech for the purchase of up to 1.8 billion doses of their COVID-19 vaccines to be delivered in 2022 and 2023, an EU official told Reuters.</p>\n<p>Earlier on Friday, German daily Die Welt reported that the Commission was shortly to sign contracts to buy up to 1.8 billion doses, but did not say with which company.</p>\n<p>The EU official, who asked not to be named because the matter is confidential, said the EU executive had already decided to approach Pfizer-BioNTech and that EU governments backed the plan, though there was not yet a definitive approval.</p>\n<p>A Commission spokesman confirmed plans to buy the additional doses, of which half would be optional.</p>\n<p>He also confirmed that the EU executive had already identified one supplier, a manufacturer of mRNA vaccines, but declined to comment on which company would be approached to negotiate the contract.</p>\n<p>“If provided the opportunity Pfizer and BioNTech are prepared to supply Europe with hundreds of millions of doses of COVID vaccines in 2022 and 2023 produced in our manufacturing facilities in Europe,” a Pfizer spokesman said.</p>\n<p>The two companies have the capacity to produce more than 3 billion doses of vaccine in 2022, he added.</p>\n<p>Pfizer-BioNTech and Moderna are already supplying the EU with mRNA vaccines and German biotech firm CureVac is seeking EU approval for its mRNA shot.</p>\n<p>The vaccines would be delivered under monthly timetables and with clauses obliging the supplier to deliver, the EU official said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2126038125","content_text":"BRUSSELS, April 9 (Reuters) - The European Commission is seeking EU governments’ approval to launch talks with Pfizer and BioNTech for the purchase of up to 1.8 billion doses of their COVID-19 vaccines to be delivered in 2022 and 2023, an EU official told Reuters.\nEarlier on Friday, German daily Die Welt reported that the Commission was shortly to sign contracts to buy up to 1.8 billion doses, but did not say with which company.\nThe EU official, who asked not to be named because the matter is confidential, said the EU executive had already decided to approach Pfizer-BioNTech and that EU governments backed the plan, though there was not yet a definitive approval.\nA Commission spokesman confirmed plans to buy the additional doses, of which half would be optional.\nHe also confirmed that the EU executive had already identified one supplier, a manufacturer of mRNA vaccines, but declined to comment on which company would be approached to negotiate the contract.\n“If provided the opportunity Pfizer and BioNTech are prepared to supply Europe with hundreds of millions of doses of COVID vaccines in 2022 and 2023 produced in our manufacturing facilities in Europe,” a Pfizer spokesman said.\nThe two companies have the capacity to produce more than 3 billion doses of vaccine in 2022, he added.\nPfizer-BioNTech and Moderna are already supplying the EU with mRNA vaccines and German biotech firm CureVac is seeking EU approval for its mRNA shot.\nThe vaccines would be delivered under monthly timetables and with clauses obliging the supplier to deliver, the EU official said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348254062,"gmtCreate":1617934408556,"gmtModify":1634295656248,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Good good. Nice to see green ticks","listText":"Good good. Nice to see green ticks","text":"Good good. Nice to see green ticks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348254062","repostId":"1132898313","repostType":4,"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343957041,"gmtCreate":1617671742683,"gmtModify":1634297201179,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578294438049176","authorIdStr":"3578294438049176"},"themes":[],"htmlText":"Worth considering and add to portfolio","listText":"Worth considering and add to portfolio","text":"Worth considering and add to portfolio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/343957041","repostId":"1188368649","repostType":4,"repost":{"id":"1188368649","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1617670773,"share":"https://www.laohu8.com/m/news/1188368649?lang=&edition=full","pubTime":"2021-04-06 08:59","market":"us","language":"en","title":"Electric Vehicle Showdown: Tesla Vs. Nio Vs. XPeng Vs. Li Auto — How Q1 Deliveries Stacked Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1188368649","media":"Benzinga","summary":"The quarterly scorecards for the electric vehicle manufacturers are in and despite industry-wide constraints and macroeconomic handicaps, performances for the month of March, as well as the first quarter, have been strong.Here's a comparative take on first-quarter deliveries of Tesla, Inc.TSLA 4.43%and the Chinese EV playersLi Auto Inc.LI 1.23%,XPeng Inc.XPEV 2.57%andNIO LimitedNIO 0.87%:. XPeng, which has a SUV named G3 and a sedan named P7, said its first-quarter deliveries totaled 13,340. Thi","content":"<p>The quarterly scorecards for the electric vehicle&nbsp;manufacturers are in&nbsp;and despite industry-wide constraints and macroeconomic handicaps, performances for the month of March, as well as the first quarter, have been strong.</p>\n<p>Here's a comparative take on first-quarter deliveries of&nbsp;<b>Tesla, Inc.</b>TSLA 4.43%and the Chinese EV players<b>Li Auto Inc.</b>LI 1.23%,<b>XPeng Inc.</b>XPEV 2.57%and<b>NIO Limited</b>NIO 0.87%:</p>\n<p><b>Q1 EV Scorecard:</b>Tesladelivered184,800 vehicles in the first quarter, with 99% of these being Model 3/Y vehicles. This represented a 2.3% quarterly increase and a 109% year-over-year jump.</p>\n<p>In comparison, Nio's first-quarter deliveries jumped 423% year-over-year to 20,060 vehicles. This represented a 15.6% quarter-over-quarter increase. The company currently sells three SUV models, namely ES6, ES8 and EC6.</p>\n<p>XPeng, which has a SUV named G3 and a sedan named P7, said its first-quarter deliveries totaled 13,340. This represents 487% year-over-year growth and a 2.9% quarter-over-quarter rise.</p>\n<p>Li Auto, which sells Li ONE SUV, reported deliveries of 12,579 for the first quarter, a climb of 334.4% from last year. On a quarter-over-quarter basis, deliveries fell 13%.</p>\n<p><img src=\"https://static.tigerbbs.com/f3b0fedd727db600b525c682d2a1b09a\" tg-width=\"603\" tg-height=\"182\">For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.</p>\n<p><b>Takeaways:</b>Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field&nbsp;with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.</p>\n<p>Against this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.</p>\n<p>However, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.</p>\n<p><b>Looking&nbsp;Forward:</b>Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV&nbsp;commitment and&nbsp;brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and&nbsp;fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.</p>\n<p><b>Takeaways:</b>Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field&nbsp;with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.</p>\n<p>Against this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.</p>\n<p>However, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.</p>\n<p><b>Looking&nbsp;Forward:</b>Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV&nbsp;commitment and&nbsp;brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and&nbsp;fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.</p>\n<p>The analyst sees EV stocks moving 30-40% higher the rest of the year as the Street further digests this transformational growth on the horizon.</p>\n<p>Those firms which pursue innovation&nbsp;in technology and services, are customer-centric and provide value for buyers will&nbsp;leave the others behind&nbsp;in this \"hot-and-happening\"&nbsp;market.</p>\n<p><b>EV Price Action:</b>Reacting to the quarterly numbers, Tesla shares were up 4.43% to $691.05. Nio and XPeng and Li Auto shares are lower following Thursday's upside in reaction to their numbers.</p>\n<p>Nio was down 0.88% to $39.31, XPeng was down 2.54% to $36.01&nbsp;and Li Auto was down 1.23% to $24.94.</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>Electric Vehicle Showdown: Tesla Vs. Nio Vs. XPeng Vs. Li Auto — How Q1 Deliveries Stacked Up</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\">\nElectric Vehicle Showdown: Tesla Vs. Nio Vs. XPeng Vs. Li Auto — How Q1 Deliveries Stacked Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-06 08:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The quarterly scorecards for the electric vehicle&nbsp;manufacturers are in&nbsp;and despite industry-wide constraints and macroeconomic handicaps, performances for the month of March, as well as the first quarter, have been strong.</p>\n<p>Here's a comparative take on first-quarter deliveries of&nbsp;<b>Tesla, Inc.</b>TSLA 4.43%and the Chinese EV players<b>Li Auto Inc.</b>LI 1.23%,<b>XPeng Inc.</b>XPEV 2.57%and<b>NIO Limited</b>NIO 0.87%:</p>\n<p><b>Q1 EV Scorecard:</b>Tesladelivered184,800 vehicles in the first quarter, with 99% of these being Model 3/Y vehicles. This represented a 2.3% quarterly increase and a 109% year-over-year jump.</p>\n<p>In comparison, Nio's first-quarter deliveries jumped 423% year-over-year to 20,060 vehicles. This represented a 15.6% quarter-over-quarter increase. The company currently sells three SUV models, namely ES6, ES8 and EC6.</p>\n<p>XPeng, which has a SUV named G3 and a sedan named P7, said its first-quarter deliveries totaled 13,340. This represents 487% year-over-year growth and a 2.9% quarter-over-quarter rise.</p>\n<p>Li Auto, which sells Li ONE SUV, reported deliveries of 12,579 for the first quarter, a climb of 334.4% from last year. On a quarter-over-quarter basis, deliveries fell 13%.</p>\n<p><img src=\"https://static.tigerbbs.com/f3b0fedd727db600b525c682d2a1b09a\" tg-width=\"603\" tg-height=\"182\">For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.</p>\n<p><b>Takeaways:</b>Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field&nbsp;with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.</p>\n<p>Against this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.</p>\n<p>However, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.</p>\n<p><b>Looking&nbsp;Forward:</b>Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV&nbsp;commitment and&nbsp;brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and&nbsp;fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.</p>\n<p><b>Takeaways:</b>Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field&nbsp;with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.</p>\n<p>Against this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.</p>\n<p>However, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.</p>\n<p><b>Looking&nbsp;Forward:</b>Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV&nbsp;commitment and&nbsp;brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and&nbsp;fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.</p>\n<p>The analyst sees EV stocks moving 30-40% higher the rest of the year as the Street further digests this transformational growth on the horizon.</p>\n<p>Those firms which pursue innovation&nbsp;in technology and services, are customer-centric and provide value for buyers will&nbsp;leave the others behind&nbsp;in this \"hot-and-happening\"&nbsp;market.</p>\n<p><b>EV Price Action:</b>Reacting to the quarterly numbers, Tesla shares were up 4.43% to $691.05. Nio and XPeng and Li Auto shares are lower following Thursday's upside in reaction to their numbers.</p>\n<p>Nio was down 0.88% to $39.31, XPeng was down 2.54% to $36.01&nbsp;and Li Auto was down 1.23% to $24.94.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188368649","content_text":"The quarterly scorecards for the electric vehicle manufacturers are in and despite industry-wide constraints and macroeconomic handicaps, performances for the month of March, as well as the first quarter, have been strong.\nHere's a comparative take on first-quarter deliveries of Tesla, Inc.TSLA 4.43%and the Chinese EV playersLi Auto Inc.LI 1.23%,XPeng Inc.XPEV 2.57%andNIO LimitedNIO 0.87%:\nQ1 EV Scorecard:Tesladelivered184,800 vehicles in the first quarter, with 99% of these being Model 3/Y vehicles. This represented a 2.3% quarterly increase and a 109% year-over-year jump.\nIn comparison, Nio's first-quarter deliveries jumped 423% year-over-year to 20,060 vehicles. This represented a 15.6% quarter-over-quarter increase. The company currently sells three SUV models, namely ES6, ES8 and EC6.\nXPeng, which has a SUV named G3 and a sedan named P7, said its first-quarter deliveries totaled 13,340. This represents 487% year-over-year growth and a 2.9% quarter-over-quarter rise.\nLi Auto, which sells Li ONE SUV, reported deliveries of 12,579 for the first quarter, a climb of 334.4% from last year. On a quarter-over-quarter basis, deliveries fell 13%.\nFor Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.\nTakeaways:Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.\nAgainst this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.\nHowever, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.\nLooking Forward:Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV commitment and brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.\nTakeaways:Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.\nAgainst this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.\nHowever, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.\nLooking Forward:Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV commitment and brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.\nThe analyst sees EV stocks moving 30-40% higher the rest of the year as the Street further digests this transformational growth on the horizon.\nThose firms which pursue innovation in technology and services, are customer-centric and provide value for buyers will leave the others behind in this \"hot-and-happening\" market.\nEV Price Action:Reacting to the quarterly numbers, Tesla shares were up 4.43% to $691.05. Nio and XPeng and Li Auto shares are lower following Thursday's upside in reaction to their numbers.\nNio was down 0.88% to $39.31, XPeng was down 2.54% to $36.01 and Li Auto was down 1.23% to $24.94.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":893437175,"gmtCreate":1628294891797,"gmtModify":1631890133011,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Dip more and buy","listText":"Dip more and buy","text":"Dip more and buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/893437175","repostId":"1122174975","repostType":4,"repost":{"id":"1122174975","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628257533,"share":"https://www.laohu8.com/m/news/1122174975?lang=&edition=full","pubTime":"2021-08-06 21:45","market":"us","language":"en","title":"EV stocks fell in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1122174975","media":"Tiger Newspress","summary":"(Aug 6)&nbsp;$Tesla Motors(TSLA)$ fell 0.41%; $NIO Inc.(NIO)$ , $XPeng Inc.(XPEV)$ fell over 1%; $Li Auto(LI)$ fell 0.80%.","content":"<p>(Aug 6)&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> fell 0.41%; <a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> , <a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a> fell over 1%; <a href=\"https://laohu8.com/S/LI\">Li Auto</a> fell 0.80%.</p>\n<p><img src=\"https://static.tigerbbs.com/4cc49234e47a8e48665d95c05d103786\" tg-width=\"345\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV stocks fell in morning 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\">\nEV stocks fell in morning 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\">2021-08-06 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Aug 6)&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> fell 0.41%; <a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> , <a href=\"https://laohu8.com/S/XPEV\">XPeng Inc.</a> fell over 1%; <a href=\"https://laohu8.com/S/LI\">Li Auto</a> fell 0.80%.</p>\n<p><img src=\"https://static.tigerbbs.com/4cc49234e47a8e48665d95c05d103786\" tg-width=\"345\" tg-height=\"209\" referrerpolicy=\"no-referrer\"></p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122174975","content_text":"(Aug 6) Tesla Motors fell 0.41%; NIO Inc. , XPeng Inc. fell over 1%; Li Auto fell 0.80%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136303252,"gmtCreate":1621992714876,"gmtModify":1634184905113,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Worth buying. Looking rosy ahead and if market downturn after split, it is time to buy more!","listText":"Worth buying. Looking rosy ahead and if market downturn after split, it is time to buy more!","text":"Worth buying. Looking rosy ahead and if market downturn after split, it is time to buy more!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/136303252","repostId":"1106657602","repostType":2,"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343957041,"gmtCreate":1617671742683,"gmtModify":1634297201179,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Worth considering and add to portfolio","listText":"Worth considering and add to portfolio","text":"Worth considering and add to portfolio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/343957041","repostId":"1188368649","repostType":4,"repost":{"id":"1188368649","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1617670773,"share":"https://www.laohu8.com/m/news/1188368649?lang=&edition=full","pubTime":"2021-04-06 08:59","market":"us","language":"en","title":"Electric Vehicle Showdown: Tesla Vs. Nio Vs. XPeng Vs. Li Auto — How Q1 Deliveries Stacked Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1188368649","media":"Benzinga","summary":"The quarterly scorecards for the electric vehicle manufacturers are in and despite industry-wide constraints and macroeconomic handicaps, performances for the month of March, as well as the first quarter, have been strong.Here's a comparative take on first-quarter deliveries of Tesla, Inc.TSLA 4.43%and the Chinese EV playersLi Auto Inc.LI 1.23%,XPeng Inc.XPEV 2.57%andNIO LimitedNIO 0.87%:. XPeng, which has a SUV named G3 and a sedan named P7, said its first-quarter deliveries totaled 13,340. Thi","content":"<p>The quarterly scorecards for the electric vehicle&nbsp;manufacturers are in&nbsp;and despite industry-wide constraints and macroeconomic handicaps, performances for the month of March, as well as the first quarter, have been strong.</p>\n<p>Here's a comparative take on first-quarter deliveries of&nbsp;<b>Tesla, Inc.</b>TSLA 4.43%and the Chinese EV players<b>Li Auto Inc.</b>LI 1.23%,<b>XPeng Inc.</b>XPEV 2.57%and<b>NIO Limited</b>NIO 0.87%:</p>\n<p><b>Q1 EV Scorecard:</b>Tesladelivered184,800 vehicles in the first quarter, with 99% of these being Model 3/Y vehicles. This represented a 2.3% quarterly increase and a 109% year-over-year jump.</p>\n<p>In comparison, Nio's first-quarter deliveries jumped 423% year-over-year to 20,060 vehicles. This represented a 15.6% quarter-over-quarter increase. The company currently sells three SUV models, namely ES6, ES8 and EC6.</p>\n<p>XPeng, which has a SUV named G3 and a sedan named P7, said its first-quarter deliveries totaled 13,340. This represents 487% year-over-year growth and a 2.9% quarter-over-quarter rise.</p>\n<p>Li Auto, which sells Li ONE SUV, reported deliveries of 12,579 for the first quarter, a climb of 334.4% from last year. On a quarter-over-quarter basis, deliveries fell 13%.</p>\n<p><img src=\"https://static.tigerbbs.com/f3b0fedd727db600b525c682d2a1b09a\" tg-width=\"603\" tg-height=\"182\">For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.</p>\n<p><b>Takeaways:</b>Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field&nbsp;with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.</p>\n<p>Against this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.</p>\n<p>However, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.</p>\n<p><b>Looking&nbsp;Forward:</b>Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV&nbsp;commitment and&nbsp;brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and&nbsp;fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.</p>\n<p><b>Takeaways:</b>Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field&nbsp;with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.</p>\n<p>Against this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.</p>\n<p>However, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.</p>\n<p><b>Looking&nbsp;Forward:</b>Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV&nbsp;commitment and&nbsp;brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and&nbsp;fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.</p>\n<p>The analyst sees EV stocks moving 30-40% higher the rest of the year as the Street further digests this transformational growth on the horizon.</p>\n<p>Those firms which pursue innovation&nbsp;in technology and services, are customer-centric and provide value for buyers will&nbsp;leave the others behind&nbsp;in this \"hot-and-happening\"&nbsp;market.</p>\n<p><b>EV Price Action:</b>Reacting to the quarterly numbers, Tesla shares were up 4.43% to $691.05. Nio and XPeng and Li Auto shares are lower following Thursday's upside in reaction to their numbers.</p>\n<p>Nio was down 0.88% to $39.31, XPeng was down 2.54% to $36.01&nbsp;and Li Auto was down 1.23% to $24.94.</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>Electric Vehicle Showdown: Tesla Vs. Nio Vs. XPeng Vs. Li Auto — How Q1 Deliveries Stacked Up</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\">\nElectric Vehicle Showdown: Tesla Vs. Nio Vs. XPeng Vs. Li Auto — How Q1 Deliveries Stacked Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-06 08:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The quarterly scorecards for the electric vehicle&nbsp;manufacturers are in&nbsp;and despite industry-wide constraints and macroeconomic handicaps, performances for the month of March, as well as the first quarter, have been strong.</p>\n<p>Here's a comparative take on first-quarter deliveries of&nbsp;<b>Tesla, Inc.</b>TSLA 4.43%and the Chinese EV players<b>Li Auto Inc.</b>LI 1.23%,<b>XPeng Inc.</b>XPEV 2.57%and<b>NIO Limited</b>NIO 0.87%:</p>\n<p><b>Q1 EV Scorecard:</b>Tesladelivered184,800 vehicles in the first quarter, with 99% of these being Model 3/Y vehicles. This represented a 2.3% quarterly increase and a 109% year-over-year jump.</p>\n<p>In comparison, Nio's first-quarter deliveries jumped 423% year-over-year to 20,060 vehicles. This represented a 15.6% quarter-over-quarter increase. The company currently sells three SUV models, namely ES6, ES8 and EC6.</p>\n<p>XPeng, which has a SUV named G3 and a sedan named P7, said its first-quarter deliveries totaled 13,340. This represents 487% year-over-year growth and a 2.9% quarter-over-quarter rise.</p>\n<p>Li Auto, which sells Li ONE SUV, reported deliveries of 12,579 for the first quarter, a climb of 334.4% from last year. On a quarter-over-quarter basis, deliveries fell 13%.</p>\n<p><img src=\"https://static.tigerbbs.com/f3b0fedd727db600b525c682d2a1b09a\" tg-width=\"603\" tg-height=\"182\">For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.</p>\n<p><b>Takeaways:</b>Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field&nbsp;with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.</p>\n<p>Against this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.</p>\n<p>However, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.</p>\n<p><b>Looking&nbsp;Forward:</b>Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV&nbsp;commitment and&nbsp;brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and&nbsp;fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.</p>\n<p><b>Takeaways:</b>Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field&nbsp;with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.</p>\n<p>Against this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.</p>\n<p>However, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.</p>\n<p><b>Looking&nbsp;Forward:</b>Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV&nbsp;commitment and&nbsp;brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and&nbsp;fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.</p>\n<p>The analyst sees EV stocks moving 30-40% higher the rest of the year as the Street further digests this transformational growth on the horizon.</p>\n<p>Those firms which pursue innovation&nbsp;in technology and services, are customer-centric and provide value for buyers will&nbsp;leave the others behind&nbsp;in this \"hot-and-happening\"&nbsp;market.</p>\n<p><b>EV Price Action:</b>Reacting to the quarterly numbers, Tesla shares were up 4.43% to $691.05. Nio and XPeng and Li Auto shares are lower following Thursday's upside in reaction to their numbers.</p>\n<p>Nio was down 0.88% to $39.31, XPeng was down 2.54% to $36.01&nbsp;and Li Auto was down 1.23% to $24.94.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188368649","content_text":"The quarterly scorecards for the electric vehicle manufacturers are in and despite industry-wide constraints and macroeconomic handicaps, performances for the month of March, as well as the first quarter, have been strong.\nHere's a comparative take on first-quarter deliveries of Tesla, Inc.TSLA 4.43%and the Chinese EV playersLi Auto Inc.LI 1.23%,XPeng Inc.XPEV 2.57%andNIO LimitedNIO 0.87%:\nQ1 EV Scorecard:Tesladelivered184,800 vehicles in the first quarter, with 99% of these being Model 3/Y vehicles. This represented a 2.3% quarterly increase and a 109% year-over-year jump.\nIn comparison, Nio's first-quarter deliveries jumped 423% year-over-year to 20,060 vehicles. This represented a 15.6% quarter-over-quarter increase. The company currently sells three SUV models, namely ES6, ES8 and EC6.\nXPeng, which has a SUV named G3 and a sedan named P7, said its first-quarter deliveries totaled 13,340. This represents 487% year-over-year growth and a 2.9% quarter-over-quarter rise.\nLi Auto, which sells Li ONE SUV, reported deliveries of 12,579 for the first quarter, a climb of 334.4% from last year. On a quarter-over-quarter basis, deliveries fell 13%.\nFor Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.\nTakeaways:Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.\nAgainst this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.\nHowever, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.\nLooking Forward:Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV commitment and brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.For Nio and Xpeng,quarterly performancesrepresented the biggest ever on record.\nTakeaways:Going by absolute numbers, Tesla by far is the largest player in the EV arena. Nio's first-quarter deliveries were roughly 11% of what Tesla sold in the quarter. The EV market is turning out to be a crowded field with legacy automakers, pure-play EV companies, as well as tech companies, all flexing their muscles.\nAgainst this backdrop, the market is likely to get more fragmented than ever before, and incumbents will have a true challenge in maintaining or growing their share. The first-mover advantage has placed Tesla in a dominant position in the market, which others might find too difficult to challenge.\nHowever, Nio stands out in terms of growth. The company managed to grow decently both on a year-over-year and quarter-over-quarter basis.\nLooking Forward:Sell-side is largely bullish on the EV industry as a whole. The Biden Administration's EV commitment and brisk demand in China and Europe are likely to propel the EV sector into a \"Golden Age,\" with a new auto supply of OEMs, battery, recycling, commercial vehicles, trucks and fleet conversions being built over the next decade, Wedbush's Daniel Ives said in a recent note.\nThe analyst sees EV stocks moving 30-40% higher the rest of the year as the Street further digests this transformational growth on the horizon.\nThose firms which pursue innovation in technology and services, are customer-centric and provide value for buyers will leave the others behind in this \"hot-and-happening\" market.\nEV Price Action:Reacting to the quarterly numbers, Tesla shares were up 4.43% to $691.05. Nio and XPeng and Li Auto shares are lower following Thursday's upside in reaction to their numbers.\nNio was down 0.88% to $39.31, XPeng was down 2.54% to $36.01 and Li Auto was down 1.23% to $24.94.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154269766,"gmtCreate":1625530229555,"gmtModify":1631890133015,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Part of my portfolio","listText":"Part of my portfolio","text":"Part of my portfolio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/154269766","repostId":"1110936297","repostType":2,"repost":{"id":"1110936297","pubTimestamp":1625036047,"share":"https://www.laohu8.com/m/news/1110936297?lang=&edition=full","pubTime":"2021-06-30 14:54","market":"us","language":"en","title":"Apple: Act Quickly Before The Run To $172","url":"https://stock-news.laohu8.com/highlight/detail?id=1110936297","media":"seekingalpha","summary":"Apple faces many external threats from regulators in the developed world.But I see these as largely priced in, although they remain a threat longer term.Apple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.I have made it no secret that I’m a big fan of Apple. In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a big breakout. In this article, I want to ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple faces many external threats from regulators in the developed world.</li>\n <li>But I see these as largely priced in, although they remain a threat longer term.</li>\n <li>Apple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/219c4f41554f7e91be4c02cd87e3f8d6\" tg-width=\"1536\" tg-height=\"1024\"><span>fMing Yeung/Getty Images News</span></p>\n<p>I have made it no secret that I’m a big fan of&nbsp;<b>Apple</b>(AAPL). In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a&nbsp;big breakout. In this article, I want to update readers on the progress of that, as well as addressing some concerns that could be potentially bearish. But the spoiler alert is that I’m still very much in the camp of Apple setting up a breakout, and I think the company’s typical pre-earnings move is likely the catalyst to see that happen.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37078c4ff01404a43176bb2e2555834d\" tg-width=\"640\" tg-height=\"615\"><span>Source: StockCharts</span></p>\n<p>To start, I’ve annotated the same ascending triangle formation I noted six weeks ago, because it is still very much in play. The stock is very near the top of the triangle today, so what happens when/if it gets to $136/$137 will determine if the breakout is imminent or if we need at least one more test of the rising trend line that forms the bottom of the triangle. Whether that occurs or not doesn’t change my outlook; only the timing of it.</p>\n<p>Ascending triangles measure upside targets on breakouts equal to the top and bottom of the widest part of the triangle. In this case, the top of the triangle is $137 and the bottom of the triangle, which was set in September of last year, was $102. That means that this triangle pattern has a measured price target – after the breakout – of $35 higher ($137 minus $102), and with the breakout point being $137 or so, that implies we canexpect Apple to hit $172, give or take. Now, that won’t happen immediately, of course, but that’s the kind of opportunity at hand here.</p>\n<p>What do you need to look for on a breakout? First, price action needs to decisively clear the breakout level of $137 and close above it. In addition, you want to see rising volume on the breakout – I’ve annotated declining volume in the triangle period, which is normal behavior – and you want to see rising momentum, we’ve got rising momentum today. So I’d expect a breakout to continue that, but these are the things you want to see on a breakout to ensure it has staying power.</p>\n<p>Finally, you’ll notice that I’ve added blue circles on the chart, and those represent the start of the ~4-week period prior to an earnings release. Apple has been<i>very</i>reliable in the past couple of years in terms of rallying into an earnings report, and I have no reason to think that will change. The gains are fairly large in most cases, with about half of them being in the double-digits, so this is a real catalyst for higher prices.</p>\n<p>The important thing to note is that we are about four weeks from the third quarter report, which typically takes place at the end of July. We are also at the top of the ascending triangle, which means that even a small pre-earnings run will likely result in a breakout, and that’s why I think the breakout is very near.</p>\n<p>To be clear, I’m reiterating my prior thesis that an ascending triangle breakout is coming; I just think we have a very clear catalyst now to make it sooner than later. I see the stock rallying into the earnings report, and if history is a guide, Apple will destroy expectations once again. In short, all is going to plan.</p>\n<p>The risk is that if Apple does break out of the triangle and earnings aren’t very good, the pattern could fail. That would negate my $172 price target, and we’d have to reassess. For now, the odds of that look low, and I’m still full steam ahead on the breakout coming pre-earnings.</p>\n<p><b>Why does Apple rally pre-earnings?</b></p>\n<p>To put it succinctly, Apple rallies pre-earnings because no matter how much analysts raise their targets going into the reports, Apple finds a way to beat them.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6233212bc10ea38f20e75d2ed0ab603e\" tg-width=\"640\" tg-height=\"284\"><span>Source:Seeking Alpha</span></p>\n<p>This is three years’ worth of data showing how Apple beats expectations, and by enormous margins in some cases. Apple is one of the largest and most-followed companies that has ever existed. So if any company should have an analyst community that knows how it will perform each quarter, it would be this one. However, its dominance in hardware and services revenue has proven too much for analysts over time to keep up with.</p>\n<p>Keep in mind a risk here is that if Apple does finally miss expectations, I have to imagine the stock will react extremely poorly. Thus, there is certainly risk in owning Apple through the earnings report, as with any other stock. But the company’s history of smashing expectations – particularly in the past year – means the odds of this are fairly low. Still, something to keep in mind from a risk perspective.</p>\n<p>In terms of a catalyst for rallying into the July report, Apple continues to see analysts scramble to keep up with its rising fortunes.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ebf56ca48e2364fd7314f9140bc3ab5c\" tg-width=\"640\" tg-height=\"286\"><span>Source:Seeking Alpha</span></p>\n<p>The sharp upward revisions that began last summer continue unabated, and Apple’s earnings trajectory remains very much intact. I detailed this in my last piece so I’m simply saying that nothing has changed on this front, and that’s a very good thing.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2bd9aaadd1cc3a29d7b8e787296ab4b\" tg-width=\"454\" tg-height=\"110\"><span>Source:Seeking Alpha</span></p>\n<p>I think you’ll struggle to find a company with a better earnings revision schedule, as the past three months have seen 36 EPS revisions, and<i>100%</i>of them were upward. That shows just how strong Apple’s earnings trajectory is, as analysts scramble to meet Apple’s outstanding performances. I love stocks with earnings revision charts like Apple’s because the bar is always rising, which means that the stock will follow suit.</p>\n<p><b>Not all is well</b></p>\n<p>Apple, to be fair, does face a huge amount of risks that are outside of its control. Many of them cropped up since my last report on Apple and so I want to balance my bullish position on the stock with some sobering reality to ensure readers are well-equipped to make an informed decision about whether or not Apple is right for their portfolio.</p>\n<p>First, the FTC made the headlines a few weeks ago by appointing&nbsp;Lina Khan, an outspoken and noted big tech critic, who feels certain companies have too much control over the behaviors of consumers. This is a noteworthy development because if the FTC wants to go after big tech, Apple is a very logical early target. I don’t see it impacting iPhone or other hardware sales but services revenue? Absolutely. This is a longer-term threat since antitrust rules take time to create, but Apple shareholders need to take this threat seriously.</p>\n<p>The&nbsp;White Houseis apparently on board with this line of thinking, and the&nbsp;House&nbsp;is actually considering legislation that would undertake to reign in the perceived control of big tech companies, including Apple's tendency to pre-install its own apps on Apple devices. Would that stop consumers from just going to the app store and downloading them? No, but it certainly isn't a<i>positive</i>&nbsp;catalyst.</p>\n<p>Apple is facing a similar threat in&nbsp;Germany&nbsp;and other places in the developed world, so it isn’t just a problem at home. Germany is assessing if Apple has “competition violations” to be addressed. So the issue is the same one being faced in the US, and the only two outcomes are neutral (nothing happens), or negative (antitrust action is taken).</p>\n<p>Apple is also still very much beholden to the never-ending trade war between&nbsp;China&nbsp;and the US, as the two countries constantly jockey for position with the highest stakes the world has ever seen in such a scuffle. Apple’s production process is potentially at risk, depending upon how ugly things get, adding some geopolitical risk to the stock's outlook. This goes both ways, and China employs a lot of people and generates a lot of cash from Apple’s production. So I’m not sure it is as one-sided as it seems, but the geopolitical risk is never a good thing, and Apple’s manufacturing needs set it up for such a risk.</p>\n<p><b>Final thoughts</b></p>\n<p>I’ve enumerated a variety of potential issues Apple is facing, and I’ll be clear and say none of these are good things. The best possible outcome is that nothing changes, and the worst is that all come to fruition and Apple faces manufacturing challenges, as well as antitrust actions. These are real threats, but I also think they're already priced in.</p>\n<p>The threat of antitrust legislation or a trade war with China isn’t new by any stretch of the imagination and is not dissimilar to the threats that other tech giants like Amazon (AMZN), Alphabet (GOOG), or Facebook (FB) face every day. This is par for the course if you’re a dominant tech company, and Apple certainly is. I don’t want to ignore these potential negative catalysts, but I don’t want to overreact, either.</p>\n<p>Keep in mind also that Apple continues to move higher over time despite this bad news, which is what winning stocks do. The fact that it is shrugging off these huge potential negative catalysts reinforces the bullish stance I already had on the stock.</p>\n<p>I detailed my bullishness on the company’s revenue generation, margins, buybacks, valuation, and more in the&nbsp;prior piece, and nothing has changed there. So I don’t want to waste your time going through it again. However, my fundamental stance on Apple hasn’t changed in the past six weeks, and if anything, continued upward revisions in EPS estimates have strengthened the bull case.</p>\n<p>The important thing is that shareholders must be aware of external threats, but also that we are seeing Apple get to the end of its very bullish consolidation pattern at the same time that it typically begins a pre-earnings run higher.</p>\n<p>The bottom line is that I think Apple’s breakout is imminent, and that the pattern measures to $172 or so. This won’t happen overnight, but if you were looking to buy Apple, act quickly.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Act Quickly Before The Run To $172</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Act Quickly Before The Run To $172\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple faces many external threats from regulators in the developed world.\nBut I see these as largely priced in, although they remain a threat longer term.\nApple is on the cusp of what should ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110936297","content_text":"Summary\n\nApple faces many external threats from regulators in the developed world.\nBut I see these as largely priced in, although they remain a threat longer term.\nApple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.\n\nfMing Yeung/Getty Images News\nI have made it no secret that I’m a big fan of Apple(AAPL). In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a big breakout. In this article, I want to update readers on the progress of that, as well as addressing some concerns that could be potentially bearish. But the spoiler alert is that I’m still very much in the camp of Apple setting up a breakout, and I think the company’s typical pre-earnings move is likely the catalyst to see that happen.\nSource: StockCharts\nTo start, I’ve annotated the same ascending triangle formation I noted six weeks ago, because it is still very much in play. The stock is very near the top of the triangle today, so what happens when/if it gets to $136/$137 will determine if the breakout is imminent or if we need at least one more test of the rising trend line that forms the bottom of the triangle. Whether that occurs or not doesn’t change my outlook; only the timing of it.\nAscending triangles measure upside targets on breakouts equal to the top and bottom of the widest part of the triangle. In this case, the top of the triangle is $137 and the bottom of the triangle, which was set in September of last year, was $102. That means that this triangle pattern has a measured price target – after the breakout – of $35 higher ($137 minus $102), and with the breakout point being $137 or so, that implies we canexpect Apple to hit $172, give or take. Now, that won’t happen immediately, of course, but that’s the kind of opportunity at hand here.\nWhat do you need to look for on a breakout? First, price action needs to decisively clear the breakout level of $137 and close above it. In addition, you want to see rising volume on the breakout – I’ve annotated declining volume in the triangle period, which is normal behavior – and you want to see rising momentum, we’ve got rising momentum today. So I’d expect a breakout to continue that, but these are the things you want to see on a breakout to ensure it has staying power.\nFinally, you’ll notice that I’ve added blue circles on the chart, and those represent the start of the ~4-week period prior to an earnings release. Apple has beenveryreliable in the past couple of years in terms of rallying into an earnings report, and I have no reason to think that will change. The gains are fairly large in most cases, with about half of them being in the double-digits, so this is a real catalyst for higher prices.\nThe important thing to note is that we are about four weeks from the third quarter report, which typically takes place at the end of July. We are also at the top of the ascending triangle, which means that even a small pre-earnings run will likely result in a breakout, and that’s why I think the breakout is very near.\nTo be clear, I’m reiterating my prior thesis that an ascending triangle breakout is coming; I just think we have a very clear catalyst now to make it sooner than later. I see the stock rallying into the earnings report, and if history is a guide, Apple will destroy expectations once again. In short, all is going to plan.\nThe risk is that if Apple does break out of the triangle and earnings aren’t very good, the pattern could fail. That would negate my $172 price target, and we’d have to reassess. For now, the odds of that look low, and I’m still full steam ahead on the breakout coming pre-earnings.\nWhy does Apple rally pre-earnings?\nTo put it succinctly, Apple rallies pre-earnings because no matter how much analysts raise their targets going into the reports, Apple finds a way to beat them.\nSource:Seeking Alpha\nThis is three years’ worth of data showing how Apple beats expectations, and by enormous margins in some cases. Apple is one of the largest and most-followed companies that has ever existed. So if any company should have an analyst community that knows how it will perform each quarter, it would be this one. However, its dominance in hardware and services revenue has proven too much for analysts over time to keep up with.\nKeep in mind a risk here is that if Apple does finally miss expectations, I have to imagine the stock will react extremely poorly. Thus, there is certainly risk in owning Apple through the earnings report, as with any other stock. But the company’s history of smashing expectations – particularly in the past year – means the odds of this are fairly low. Still, something to keep in mind from a risk perspective.\nIn terms of a catalyst for rallying into the July report, Apple continues to see analysts scramble to keep up with its rising fortunes.\nSource:Seeking Alpha\nThe sharp upward revisions that began last summer continue unabated, and Apple’s earnings trajectory remains very much intact. I detailed this in my last piece so I’m simply saying that nothing has changed on this front, and that’s a very good thing.\nSource:Seeking Alpha\nI think you’ll struggle to find a company with a better earnings revision schedule, as the past three months have seen 36 EPS revisions, and100%of them were upward. That shows just how strong Apple’s earnings trajectory is, as analysts scramble to meet Apple’s outstanding performances. I love stocks with earnings revision charts like Apple’s because the bar is always rising, which means that the stock will follow suit.\nNot all is well\nApple, to be fair, does face a huge amount of risks that are outside of its control. Many of them cropped up since my last report on Apple and so I want to balance my bullish position on the stock with some sobering reality to ensure readers are well-equipped to make an informed decision about whether or not Apple is right for their portfolio.\nFirst, the FTC made the headlines a few weeks ago by appointing Lina Khan, an outspoken and noted big tech critic, who feels certain companies have too much control over the behaviors of consumers. This is a noteworthy development because if the FTC wants to go after big tech, Apple is a very logical early target. I don’t see it impacting iPhone or other hardware sales but services revenue? Absolutely. This is a longer-term threat since antitrust rules take time to create, but Apple shareholders need to take this threat seriously.\nThe White Houseis apparently on board with this line of thinking, and the House is actually considering legislation that would undertake to reign in the perceived control of big tech companies, including Apple's tendency to pre-install its own apps on Apple devices. Would that stop consumers from just going to the app store and downloading them? No, but it certainly isn't apositive catalyst.\nApple is facing a similar threat in Germany and other places in the developed world, so it isn’t just a problem at home. Germany is assessing if Apple has “competition violations” to be addressed. So the issue is the same one being faced in the US, and the only two outcomes are neutral (nothing happens), or negative (antitrust action is taken).\nApple is also still very much beholden to the never-ending trade war between China and the US, as the two countries constantly jockey for position with the highest stakes the world has ever seen in such a scuffle. Apple’s production process is potentially at risk, depending upon how ugly things get, adding some geopolitical risk to the stock's outlook. This goes both ways, and China employs a lot of people and generates a lot of cash from Apple’s production. So I’m not sure it is as one-sided as it seems, but the geopolitical risk is never a good thing, and Apple’s manufacturing needs set it up for such a risk.\nFinal thoughts\nI’ve enumerated a variety of potential issues Apple is facing, and I’ll be clear and say none of these are good things. The best possible outcome is that nothing changes, and the worst is that all come to fruition and Apple faces manufacturing challenges, as well as antitrust actions. These are real threats, but I also think they're already priced in.\nThe threat of antitrust legislation or a trade war with China isn’t new by any stretch of the imagination and is not dissimilar to the threats that other tech giants like Amazon (AMZN), Alphabet (GOOG), or Facebook (FB) face every day. This is par for the course if you’re a dominant tech company, and Apple certainly is. I don’t want to ignore these potential negative catalysts, but I don’t want to overreact, either.\nKeep in mind also that Apple continues to move higher over time despite this bad news, which is what winning stocks do. The fact that it is shrugging off these huge potential negative catalysts reinforces the bullish stance I already had on the stock.\nI detailed my bullishness on the company’s revenue generation, margins, buybacks, valuation, and more in the prior piece, and nothing has changed there. So I don’t want to waste your time going through it again. However, my fundamental stance on Apple hasn’t changed in the past six weeks, and if anything, continued upward revisions in EPS estimates have strengthened the bull case.\nThe important thing is that shareholders must be aware of external threats, but also that we are seeing Apple get to the end of its very bullish consolidation pattern at the same time that it typically begins a pre-earnings run higher.\nThe bottom line is that I think Apple’s breakout is imminent, and that the pattern measures to $172 or so. This won’t happen overnight, but if you were looking to buy Apple, act quickly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153189126,"gmtCreate":1625013473565,"gmtModify":1631884665800,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Good read. But EV is competitive in China","listText":"Good read. But EV is competitive in China","text":"Good read. But EV is competitive in China","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/153189126","repostId":"1124372919","repostType":2,"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143853513,"gmtCreate":1625788910232,"gmtModify":1631890133013,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/143853513","repostId":"1153955441","repostType":2,"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123094071,"gmtCreate":1624402768493,"gmtModify":1631890133032,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"If there is huge&nbsp;growth in the subscription for Disney+ streaming services, higher&nbsp;chance of split share","listText":"If there is huge&nbsp;growth in the subscription for Disney+ streaming services, higher&nbsp;chance of split share","text":"If there is huge growth in the subscription for Disney+ streaming services, higher chance of split share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/123094071","repostId":"1186919064","repostType":2,"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163419021,"gmtCreate":1623891010663,"gmtModify":1634026385759,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"If there is a correction, good for the market and time to buy","listText":"If there is a correction, good for the market and time to buy","text":"If there is a correction, good for the market and time to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/163419021","repostId":"2144713861","repostType":4,"repost":{"id":"2144713861","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623883569,"share":"https://www.laohu8.com/m/news/2144713861?lang=&edition=full","pubTime":"2021-06-17 06:46","market":"us","language":"en","title":"Wall Street closes lower as Fed officials project rate hikes for 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2144713861","media":"Reuters","summary":"June 16  - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.The Fed cited an impr","content":"<p>June 16 (Reuters) - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.</p>\n<p>New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.</p>\n<p>The Fed cited an improved economic outlook, with overall economic growth expected to hit 7% this year. Still, investors were surprised to learn officials were mulling rate hikes earlier than 2024.</p>\n<p>\"At first blush, the dot plot which projected two hikes by 2023 was more hawkish than expected, and markets reacted as such,\" said Daniel Ahn, chief U.S. economist at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p>\n<p>The benchmark 10-year Treasury yield rose on the Fed news, while the dollar index , which tracks the greenback against six major currencies, rose to a six-week peak.</p>\n<p>With inflation rising faster than expected and the economy bouncing back quickly, the market had been looking for clues of when the Fed may alter the policies put into place last year to combat the economic fallout from the pandemic, including a massive bond-buying program.</p>\n<p>The Fed reiterated its promise to await \"substantial further progress\" before beginning to shift to policies tuned to a fully open economy. It also held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery.</p>\n<p>\"Chair Powell has signaled, while the committee is not yet ready to taper, it is now in the minds of the committee. They've retired the phrase 'thinking about thinking about tapering', and we expect that in the next few meetings, the committee will likely formally start discussions of tapering,\" BNP's Ahn said.</p>\n<p>The Dow Jones Industrial Average fell 265.66 points, or 0.77%, to 34,033.67, the S&amp;P 500 lost 22.89 points, or 0.54%, to 4,223.7 and the Nasdaq Composite dropped 33.17 points, or 0.24%, to 14,039.68.</p>\n<p>Only two of the S&amp;P's 11 main sector indexes ended in positive territory: consumer discretionary and retail.</p>\n<p>The decliners were led by utilities, materials, and consumer staples.</p>\n<p>Volume on U.S. exchanges was 10.90 billion shares, compared with the 10.38 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 25 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 95 new highs and 30 new lows.</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>Wall Street closes lower as Fed officials project rate hikes for 2023</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\">\nWall Street closes lower as Fed officials project rate hikes for 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 06:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 16 (Reuters) - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.</p>\n<p>New projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.</p>\n<p>The Fed cited an improved economic outlook, with overall economic growth expected to hit 7% this year. Still, investors were surprised to learn officials were mulling rate hikes earlier than 2024.</p>\n<p>\"At first blush, the dot plot which projected two hikes by 2023 was more hawkish than expected, and markets reacted as such,\" said Daniel Ahn, chief U.S. economist at <a href=\"https://laohu8.com/S/BNPQF\">BNP Paribas</a>.</p>\n<p>The benchmark 10-year Treasury yield rose on the Fed news, while the dollar index , which tracks the greenback against six major currencies, rose to a six-week peak.</p>\n<p>With inflation rising faster than expected and the economy bouncing back quickly, the market had been looking for clues of when the Fed may alter the policies put into place last year to combat the economic fallout from the pandemic, including a massive bond-buying program.</p>\n<p>The Fed reiterated its promise to await \"substantial further progress\" before beginning to shift to policies tuned to a fully open economy. It also held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery.</p>\n<p>\"Chair Powell has signaled, while the committee is not yet ready to taper, it is now in the minds of the committee. They've retired the phrase 'thinking about thinking about tapering', and we expect that in the next few meetings, the committee will likely formally start discussions of tapering,\" BNP's Ahn said.</p>\n<p>The Dow Jones Industrial Average fell 265.66 points, or 0.77%, to 34,033.67, the S&amp;P 500 lost 22.89 points, or 0.54%, to 4,223.7 and the Nasdaq Composite dropped 33.17 points, or 0.24%, to 14,039.68.</p>\n<p>Only two of the S&amp;P's 11 main sector indexes ended in positive territory: consumer discretionary and retail.</p>\n<p>The decliners were led by utilities, materials, and consumer staples.</p>\n<p>Volume on U.S. exchanges was 10.90 billion shares, compared with the 10.38 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 posted 25 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 95 new highs and 30 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDOW":"道指三倍做空ETF-ProShares","QQQ":"纳指100ETF",".DJI":"道琼斯","DXD":"道指两倍做空ETF",".IXIC":"NASDAQ Composite","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","QID":"纳指两倍做空ETF","OEX":"标普100","DDM":"道指两倍做多ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF","DOG":"道指反向ETF","SQQQ":"纳指三倍做空ETF","DJX":"1/100道琼斯","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","TQQQ":"纳指三倍做多ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144713861","content_text":"June 16 (Reuters) - The three main Wall Street indexes all closed down on Wednesday, as U.S. Federal Reserve officials unnerved investors with indications that the central bank could begin rising interest rates in 2023, a year earlier than expected.\nNew projections saw a majority of 11 of 18 U.S. central bank officials pencil in at least two quarter-percentage-point rate increases for 2023. Officials also pledged to keep policy supportive for now to encourage an ongoing jobs recovery.\nThe Fed cited an improved economic outlook, with overall economic growth expected to hit 7% this year. Still, investors were surprised to learn officials were mulling rate hikes earlier than 2024.\n\"At first blush, the dot plot which projected two hikes by 2023 was more hawkish than expected, and markets reacted as such,\" said Daniel Ahn, chief U.S. economist at BNP Paribas.\nThe benchmark 10-year Treasury yield rose on the Fed news, while the dollar index , which tracks the greenback against six major currencies, rose to a six-week peak.\nWith inflation rising faster than expected and the economy bouncing back quickly, the market had been looking for clues of when the Fed may alter the policies put into place last year to combat the economic fallout from the pandemic, including a massive bond-buying program.\nThe Fed reiterated its promise to await \"substantial further progress\" before beginning to shift to policies tuned to a fully open economy. It also held its benchmark short-term interest rate near zero and said it will continue to buy $120 billion in bonds each month to fuel the economic recovery.\n\"Chair Powell has signaled, while the committee is not yet ready to taper, it is now in the minds of the committee. They've retired the phrase 'thinking about thinking about tapering', and we expect that in the next few meetings, the committee will likely formally start discussions of tapering,\" BNP's Ahn said.\nThe Dow Jones Industrial Average fell 265.66 points, or 0.77%, to 34,033.67, the S&P 500 lost 22.89 points, or 0.54%, to 4,223.7 and the Nasdaq Composite dropped 33.17 points, or 0.24%, to 14,039.68.\nOnly two of the S&P's 11 main sector indexes ended in positive territory: consumer discretionary and retail.\nThe decliners were led by utilities, materials, and consumer staples.\nVolume on U.S. exchanges was 10.90 billion shares, compared with the 10.38 billion average over the last 20 trading days.\nThe S&P 500 posted 25 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 95 new highs and 30 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104008391,"gmtCreate":1620343722113,"gmtModify":1634205993564,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Lastly, don’t borrow money to play stocks","listText":"Lastly, don’t borrow money to play stocks","text":"Lastly, don’t borrow money to play stocks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/104008391","repostId":"2133387578","repostType":4,"repost":{"id":"2133387578","pubTimestamp":1620296700,"share":"https://www.laohu8.com/m/news/2133387578?lang=&edition=full","pubTime":"2021-05-06 18:25","market":"us","language":"en","title":"Think Stocks Will Crash in May? Do These 4 Things Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2133387578","media":"Motley Fool","summary":"Stock market downturns can be daunting. Here's what you need to do to prepare.","content":"<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.</p>\n<p>Of course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced <a href=\"https://laohu8.com/S/AONE\">one</a> before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.</p>\n<h2>1. Pad your emergency savings</h2>\n<p>What does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.</p>\n<h2>2. Diversify</h2>\n<p>A diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an <b>S&amp;P 500</b> index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.</p>\n<h2>3. Add dividend stocks to your portfolio</h2>\n<p>Companies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.</p>\n<h2>4. Stockpile some cash</h2>\n<p>Market crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.</p>\n<p>Even if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.</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>Think Stocks Will Crash in May? Do These 4 Things 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\">\nThink Stocks Will Crash in May? Do These 4 Things Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 18:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/\">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/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133387578","content_text":"When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.\nOf course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced one before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.\n1. Pad your emergency savings\nWhat does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.\n2. Diversify\nA diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in one or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an S&P 500 index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.\n3. Add dividend stocks to your portfolio\nCompanies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.\n4. Stockpile some cash\nMarket crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.\nEven if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342893370,"gmtCreate":1618195231390,"gmtModify":1634294493087,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Will be interesting to see what nvidia has to offer","listText":"Will be interesting to see what nvidia has to offer","text":"Will be interesting to see what nvidia has to offer","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/342893370","repostId":"1137529737","repostType":4,"repost":{"id":"1137529737","pubTimestamp":1618184239,"share":"https://www.laohu8.com/m/news/1137529737?lang=&edition=full","pubTime":"2021-04-12 07:37","market":"us","language":"en","title":"JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1137529737","media":"Barrons","summary":"First-quarter earnings season kicks off this week, beginning as always with results from several of ","content":"<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed&nbsp;by Bank of&nbsp;America and Citigroup on Thursday and Morgan Stanley on Friday.</p><p>Other notable companies reporting this week include industrial&nbsp;supplier&nbsp;Fastenalon Tuesday.Delta Air Lines,PepsiCo,and&nbsp;UnitedHealth Group&nbsp;publish results on Thursday. And&nbsp;Kansas City Southern&nbsp;reports on Friday.&nbsp; A total of 22&nbsp;S&amp;P 500&nbsp;companies report this week, followed by 64 next week.</p><p><img src=\"https://static.tigerbbs.com/ac3c413681d3a9e134223c4d1a02d883\" tg-width=\"1410\" tg-height=\"586\" referrerpolicy=\"no-referrer\"></p><p>It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.</p><p>Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.</p><p><b>Monday 4/12</b></p><p>Nvidia&nbsp;hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.</p><p><b>Tuesday 4/13</b></p><p>Fastenal reports quarterly results.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.</p><p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.</p><p><b>Wednesday 4/14</b></p><p><b>Earnings season begins</b>&nbsp;in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.</p><p>First Republic Bankreleases earnings.</p><p><b>Coinbase Global</b>&nbsp;is set to&nbsp;make its Wall Street debut&nbsp;on Wednesday through a direct listing of its shares on the Nasdaq.</p><p><b>The BLS reports</b>&nbsp;export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.</p><p><b>The Federal Reserve</b>&nbsp;releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.</p><p><b>Thursday 4/15</b></p><p>Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.</p><p><b>The National Association</b>&nbsp;of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.</p><p><b>The Census Bureau</b>&nbsp;reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.</p><p><b>Friday 4/16</b></p><p>Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and&nbsp;State Street&nbsp;hold conference calls to discuss earnings.</p><p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.</p><p><b>The Census Bureau</b>&nbsp;reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.</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>JPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week</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\">\nJPMorgan Chase, Nvidia, Goldman Sachs, Coinbase, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-12 07:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, ...</p>\n\n<a href=\"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","JPM":"摩根大通","COIN":"Coinbase Global, Inc.","WFC":"富国银行","MS":"摩根士丹利","NVDA":"英伟达",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","GS":"高盛"},"source_url":"https://www.barrons.com/articles/jpmorgan-chase-nvidia-goldman-sachs-delta-and-other-stocks-for-investors-to-watch-this-week-51618167609?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137529737","content_text":"First-quarter earnings season kicks off this week, beginning as always with results from several of the largest U.S. banks. Goldman Sachs Group, JPMorgan Chase, and Wells Fargo report on Wednesday, followed by Bank of America and Citigroup on Thursday and Morgan Stanley on Friday.Other notable companies reporting this week include industrial supplier Fastenalon Tuesday.Delta Air Lines,PepsiCo,and UnitedHealth Group publish results on Thursday. And Kansas City Southern reports on Friday.  A total of 22 S&P 500 companies report this week, followed by 64 next week.It’s also a busy week for economic data. On Tuesday, the Bureau of Labor Statistics reports the consumer price index for March and the National Federation of Independent Business releases its Small Business Optimism Index for March. Then on Thursday, the Census Bureau reports retail sales data for March. And on Friday, the University of Michigan releases its Consumer Sentiment Index for April.Housing-market data out this week include the National Association of Home Builders’ NAHB/Wells Fargo Housing Market Index for April on Thursday and the Census Bureau’s new residential construction data for March on Friday.Monday 4/12Nvidia hosts its 2021 investor day in conjunction with its GPU Technology conference. Nvidia CEO Jensen Huang will give the keynote address.Tuesday 4/13Fastenal reports quarterly results.The Bureau of Labor Statistics reports the consumer price index for March. Economists forecast a 0.4% monthly increase, matching the February data. The core CPI, which excludes volatile food and energy prices, is expected to rise 0.2%, after edging up 0.1% in February.The National Federation of Independent Business releases its Small Business Optimism Index for March. Consensus estimate is for a 98 reading, higher than February’s 95.8.Wednesday 4/14Earnings season begins in earnest with some of the largest money-center and investment banks reporting. JPMorgan Chase, Wells Fargo, and Goldman Sachs Group release first-quarter results before the market open.First Republic Bankreleases earnings.Coinbase Global is set to make its Wall Street debut on Wednesday through a direct listing of its shares on the Nasdaq.The BLS reports export and import price data for March. Expectations are for a 1% month-over-month rise in export prices, while import prices are seen increasing 0.8%. This compares with gains of 1.6% and 1.3%, respectively, in February.The Federal Reserve releases the beige book for the second of eight times this year. The beige book gathers anecdotal information on current economic conditions from the 12 Fed districts.Thursday 4/15Bank of America,BlackRock,Charles Schwab,Citigroup, Delta Air Lines, PepsiCo,PPG Industries,Truist Financial,U.S. Bancorp,and UnitedHealth Group report quarterly results.The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for April. Economists forecast an 84.5 reading, greater than the March data. Any reading above 50 indicates that home builders are bullish on the housing market for the next six months.The Census Bureau reports retail sales data for March. The consensus call is for consumer spending to rise 1.3% month over month, after declining 3% in February.Friday 4/16Bank of New York Mellon,Citizens Financial Group,Kansas City Southern, Morgan Stanley,PNC Financial Services Group,and State Street hold conference calls to discuss earnings.The University of Michigan releases its Consumer Sentiment Index for April. Expectations are for an 88 reading. March’s 84.9 figure was the highest since a year earlier.The Census Bureau reports new residential construction data for March. Economists forecast a seasonally adjusted annual rate of 1.61 million housing starts, a 13% month-over-month increase.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151706715,"gmtCreate":1625105227137,"gmtModify":1631890133021,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Up up and away","listText":"Up up and away","text":"Up up and away","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151706715","repostId":"1121473384","repostType":4,"repost":{"id":"1121473384","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":1625067394,"share":"https://www.laohu8.com/m/news/1121473384?lang=&edition=full","pubTime":"2021-06-30 23:36","market":"us","language":"en","title":"Why NIO Stock Is Moving Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1121473384","media":"Tiger Newspress","summary":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5","content":"<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p>\n<p>As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p>\n<p>In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p>\n<p>Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p>\n<p>NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p>\n<p>Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why NIO Stock Is Moving Higher Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy NIO Stock Is Moving Higher Today\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\">2021-06-30 23:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p>\n<p>Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p>\n<p>As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p>\n<p>In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p>\n<p>Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p>\n<p>NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p>\n<p>Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121473384","content_text":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.\nAs of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.\nIn a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.\nChung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target price-to-earnings multiple for NIO's shares.\nNIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of between 21,000 and 22,000 vehicles for the second quarter. Through the end of May, it had delivered 13,183 vehicles despite production disruptions caused by shortages of computer chips.\nWill NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125834175,"gmtCreate":1624667332597,"gmtModify":1631890133029,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Vested some and see the potential in EV especiallyin China.&nbsp;","listText":"Vested some and see the potential in EV especiallyin China.&nbsp;","text":"Vested some and see the potential in EV especiallyin China.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125834175","repostId":"1198714523","repostType":2,"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155538754,"gmtCreate":1625444141078,"gmtModify":1631890133017,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Worthy stock but overvalue at the moment","listText":"Worthy stock but overvalue at the moment","text":"Worthy stock but overvalue at the moment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155538754","repostId":"1100563900","repostType":2,"repost":{"id":"1100563900","pubTimestamp":1624956396,"share":"https://www.laohu8.com/m/news/1100563900?lang=&edition=full","pubTime":"2021-06-29 16:46","market":"us","language":"en","title":"Facebook: Simply Unstoppable","url":"https://stock-news.laohu8.com/highlight/detail?id=1100563900","media":"seekingalpha","summary":"The #StopHateforProfit Campaign, antitrust allegations, Apple IDFA issue, and a host of other historical issues have not stopped the social media giant and will not stop it.Despite an impressive rally delivering 65% since the start of CY20 and 26% YTD, Facebook remains undervalued relative to its peers and the FAANG stocks with the best forward estimates.The strong moat originating from their sheer user base, and sizeable TAMs in E-commerce, VR/AR, digital assets , cumulatively make for a compel","content":"<p><b>Summary</b></p>\n<ul>\n <li>The #StopHateforProfit Campaign, antitrust allegations, Apple IDFA issue, and a host of other historical issues have not stopped the social media giant and will not stop it.</li>\n <li>Despite an impressive rally delivering 65% since the start of CY20 and 26% YTD, Facebook remains undervalued relative to its peers and the FAANG stocks with the best forward estimates.</li>\n <li>The strong moat originating from their sheer user base, and sizeable TAMs in E-commerce, VR/AR, digital assets (DIEM), cumulatively make for a compelling growth story.</li>\n <li>Although the company is highly controversial and rightfully so, this article focuses more on the quantitative analysis and less on the morals and ethics behind this investment. That, we shall leave to you.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b3414073b72a391e760025594ec111f\" tg-width=\"768\" tg-height=\"528\"><span>nemke/E+ via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Facebook (FB) has had a volatile trading period the past few years with a general uptrend, delivering shareholders nice returns whilst subjecting them to a few major dips which presented investors an opportunity for a steal. Despite the controversy and headline risks every now and then, the company has been able to battle through them and emerge ever so stronger. The company’s financials have been holding up and shows no sign of stoppage anytime soon. In a time as such, with significant uncertainty in the macro environment and inflation fears creeping up, we believe that shifting some of your assets to high cashflow generating companies is a wise strategy that will pay off. Growth and value are 2 different things, and there still exists growth companies that are undervalued and can still generate substantial cashflow, and we believe Facebook is one of them. The company also remains to be one of the more attractive blue-chip stocks compared to the others in the FAANG. We employ a 3–5-year outlook and have been bullish since USD$200/share. Let’s Begin!</p>\n<p><b>What is Facebook</b></p>\n<p>Known to all, Facebook is a social media giant with a family of products including the likes of Facebook, Instagram,WhatsApp, Messenger, and now Oculus. The firm essentially has a stronghold in the social media industry and has an impressive DAP of2.72 BN as of Q1’21and MAP of 3.45 BN.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3d08f4df186c4705a5300f40d6b8a5e\" tg-width=\"640\" tg-height=\"429\"><span>(Source:FB Q1’21 Presentation)</span></p>\n<p>The world has7.874 BNpeople as of the time of this writing and that would mean that 43.8% of all the people in the world use some form of product from Facebook’s portfolio in the past 30 days. On a daily basis, 34.5% of the people in the world use it. If that isn’t a sticky service, nothing really is. If we were to focus on the usage of the Facebook app solely, 23.8% of the world logs into the app daily based on DAUs.</p>\n<p>The firm was founded in 2004 and generates the majority of their revenue from advertisements. If you have watched the social dilemma on Netflix, you would realize that Facebook’s real customer isn’t everyday users. Instead, users are the product, and they are being sold to advertisers. The company has created such an engaging and sticky service that users are more than happy to be using their apps, despite knowing that their data is being sold from one company to another. As appalling as it is, they’re indifferent to it all and still find the value in using the company’s products on a daily basis – keeping in touch with distant relatives, chatting with friends, staying up to date with the latest fashion trends and news… (According to the&nbsp;Pew Research Center, more than a 1/3 of US adults say they get their news regularly from Facebook)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7cb9d05bb00f3038cec301c72ef56827\" tg-width=\"608\" tg-height=\"378\"><span>(Source:Pew Research Center)</span></p>\n<p>To Facebook, this is equally as good as the more users, the wider the ‘product’ base that they have to offer their customers - advertisers. Advertisers are also indifferent to how Facebook attains its data, so long as Facebook’s targeting metrics and trackers are working well, the more likely it is that they are able to generate conversions. The more conversions, the more sales for them, the more ads they continue to pay for, the more revenue Facebook generates. Win-Win-Win, their apps are the bait, and the product (users), customers (advertisers), and supplier (Facebook), all walk away winners. It’s a remarkable business model that has stood the test of time and no matter the amount of controversy around the business, founders, and its practices, it isn’t going anywhere anytime soon and for one simple reason: Users likely can’t do without Facebook’s products whether they are willing to admit it or not.</p>\n<p>When we look back in the past to reflect on how the #StopHateForProfit Campaign turned out for the company, it is apparent that the impact it had on the top and bottom line were both minimal. The boycott was one that arose due to Facebook’s bad hate speech regulations and policing, and because of the laissez-faire attitude toward posts from then President, Donald Trump. More than&nbsp;1000 companies publicly committed&nbsp;to boycotting the social media giant in June/July (coinciding with end Q2 and start Q3) and many of the top 100 advertisers based on ad spend such as Nike, Adidas, Puma, Coca-Cola, all revised their budgets downwards.</p>\n<p>Despite this, Facebook&nbsp;beat on Q2 earnings&nbsp;and saw an increase of&nbsp;10.7% YOY. In its forward guidance, the company also announced that for July, they were anticipating a slowdown in YoY growth of 17% but was still due to see a 10% increase. They alsoanticipatedthe slowdown in growth to last through till October. However, the company did not attribute this slowdown to the boycott specifically but to 3 other major headwinds. With the benefit of hindsight, we can now see that even for Q3’20, the firm saw an impressive 21.6% rise in its top line, with the bottom line still registering a 12.2% improvement in NPM for Q2’20 YoY and a 200 bps NPM improvement in Q3.</p>\n<p>The results are clear and indicative of a few things. The boycott by the largest companies did little to Facebook’s financial story as they still managed to register growth and did not see significant pullbacks that were material. This can be tied to the fact that most of Facebook’s advertisers are SMBs. Although certain few SMBs did join the boycott, most didn’t, and the firm still had their impressive 9 million + customer base to rely on. If anything, this also suggests that despite what any SMB stands for and whether they agree with a social cause or not, it is hard for them to find alternatives that they can shift to on a similar pricing scale. Big brands can easily pivot to other advertisements such as TV and radio commercials but SMBs simply can’t because of smaller budgets. Lastly, it is now clear that the campaign affected Facebook’s reputation more so than it did its cashflow.</p>\n<p><b>Risks</b></p>\n<p>Other risks that the company may face would be future antitrust lawsuits. As it is, the company is already facing allegations of being a monopoly based on their aggressive acquisitive history having acquired more than90 other companiessince inception. They were alsofined US$5 BNby the FTC in 2019 and were required to adopt their policies and employ new protections for the users and their data that has been shared.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f694ca79d59162e95f05335ebefbca3d\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>Though representative of a historic penalty and the largest ever imposed on a company for violating user’s privacy rights, the US$5BN was a drop in the bucket for the giant that went on to generate US$70+ BN dollars for the year.</p>\n<p>The current issues that they have with Apple’s new iOS changes and the IDFA implications are also likely not going to have a substantial impact on the firm. The Identifier for Advertisers [IDFA] is a random device identifier assigned by Apple to a user's device. Advertisers use this to track data so they can deliver customized advertising on mobile. With the new iOS changes, Apple essentially programmed it such that each app that wants to use these identifiers will have to ask users to opt in for tracking when the app is first launched. If users opt out, the app can’t track certain data and Facebook will have a smaller database of points to rely upon. As consumer preferences change, so will Facebook’s targeting that relies on IDFAs get worse and less effective due to outdated data points.</p>\n<p>According to aCNBC article:</p>\n<blockquote>\n Most critically at stake for Facebook is what’s known as view-through conversions. This metric is used by ad-tech companies to measure how many users saw an ad, did not immediately click on it, but later made a purchase related to that ad.”\n</blockquote>\n<p>When the conversion is made later on, the data IDFA for that particular user is then shared by the retailer to Facebook which is then used by the company to see if it matches the IDFA of the user who saw the ad. If they pair, it indicates that the ad was useful in generating a conversion. This data performance is then relayed to advertisers so that they can tweak their ad strategies accordingly. Withas much as 96% of usersanticipated to opt out of tracking on all apps, this would mean that mobile ads on 3rdparty apps may no longer be as useful if Facebook cannot really judge its effectiveness anymore. The more ineffective the ads become, the less conversions for retailers, and the more they pivot to other advertising platforms, which will impact the revenues for the firm.</p>\n<p>However, Facebook has disclosed that this will particularly only affect one form of advertisement which relies heavily on the IDFA, known as Audience Networks. Fortunately, the audience network segment only represents less than 10% of the firm’s total revenues. With the impact estimating to cost a drop in50% of all ads deliveredand hence sales from this segment, this would atbest represent a 5% drop in their total revenues. With that said, we do not anticipate that this will be present significant impact moving forward and the firm can easily recoup the 5% loss at worse by focusing on increasing ARPUs and user engagement to save their core business.</p>\n<p>Though Facebook started by disclosing that they anticipated the impact on their revenues to be large at first, this no longer seems to be the case. If anything, history has shown us that Mark is not one to back down and if he doesn’t get his way, he damn well will find another way to minimise loss and increase revenue generation in other segments to make up for it. If you aren’t too involved in the technicalities, we think it’s safe to bet on the jockey in this case. Besides, AR / VR growth,WhatsApp monetization, Reels monetization, further user growth in less developed countries away from the legacy North America and Europe region can very well pick up the lost (US$5BN) in sales.</p>\n<p><b>Moat</b></p>\n<p>As mentioned above, the DAUs and MAUs for Facebook are very impressive with a large portion of the world using at least 1 of their products. The moat for the business relies on the wide user base that Facebook has meticulously built over the course of 17 years. With any new product that they have, the firm can easily roll it out to their database of users and expect demand to pick up in a matter of weeks, maybe even days. That is the power of the network of Facebook that really can’t be valued.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2057a83640201edd89430e754f3f8525\" tg-width=\"640\" tg-height=\"431\"><span>(Source: FB Q1’21 Presentation)</span></p>\n<p>Despite the controversy, endless allegations, and negative headlines one after the other, the numbers don’t lie. DAUs have been increasing every single quarter, with the fastest growth observed in Asia-Pacific and the rest of the world. US &amp; Canada growth has slowed as it nears saturation levels, and this is perfectly normal and to be expected. The way we anticipate Facebook to grow their core cash cow business moving forward is clean. 1) Focus on growing ARPUs in their saturated legacy areas (US &amp; Canada and Europe) as well as 2) Increase User Growth by Geography in their growth areas (Asia-Pacific and the Rest of the World). Unsurprisingly, Facebook has been focused on doing just that.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce3456321584d2eea288f7e410215571\" tg-width=\"640\" tg-height=\"388\"><span>(Source: FB Q1’21 Presentation)</span></p>\n<p>When we look to the infamous metric for judging social media companies and their performance – ARPUs, we can see that in the legacy areas, ARPUs have been increasing at a faster pace than compared to growth areas. This falls in line with point number 1 as mentioned above. The legacy areas have already reached saturation levels and user growth is unable to grow at astounding rates anymore. However, since this represent areas that are more developed and generally have higher disposable incomes on the average, focusing on increasing ARPUs and monetizing advertisers is the right strategy and a very feasible one. Though the growth areas are also seeing ARPUs grow YoY as they should, they are not at the same pace as in the US &amp; Canada and Europe. When we look to revenue generated by geography below, this confirms the thesis that revenue is growing faster than user base in those areas, and since ARPU equal to (Total Revenue from that Geography / Number of Users in that area), so long revenue is growing at a faster pace than the user base, they should increase meaningfully.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/84eaec3de9bafd595bf4ecf9ffdae16a\" tg-width=\"640\" tg-height=\"430\"><span>(Source: FB Q1’21 Presentation)</span></p>\n<p>When we look to the slide below, it is also apparent that user numbers are growing much faster in Asia-Pacific and the rest of the world, away from the legacy areas. Across 2 years, MAUs which is the broadest business performance metric employed by Facebook, grew 22.4% and 25.4% in the growth areas while they only grew a mere 6.6% in US &amp; Canada and 10.2% in Europe.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d72be6c3ca7eb809567503ffc1d4ed9\" tg-width=\"640\" tg-height=\"395\"><span>(Source: FB Q1’21 Presentation)</span></p>\n<p>If Facebook can continue to grow their user engagement numbers in the growth areas whilst maximizing ARPUs in legacy areas, the company can easily ensure that the core advertising model will remain the cash cow of the business, funding growth for their other product developments.</p>\n<p><b>Growth Tactics</b></p>\n<p>When we look to potential growth Facebook has, the company isn’t short of any. Facebook has moved to monetizeWhatsApp, where they plan to generate fees from payments made within the app itself as well as through in-app status advertisements. The company is essentially trying to integrate the growth and TAM of the E-commerce market more seamlessly into their family of products including the likes ofWhatsApp. ThroughFacebook Pay, users can now engage in peer-to-peer payments withinWhatsApp itself at no cost. However, when businesses receive a fee from customers through the app itself, they will then have to pay a small ‘processing fee’ to Facebook and this is where it profits. This is the same method that is being employed by Shopify and all the other payment processing channels just that it is now being done locally inWhatsApp itself.WhatsApp payments has launched in Brazil, the 2nd largest market by users and the fee stands at 3.99%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d1d27ff399e3e6fdfbc44a3ff1fb6e6\" tg-width=\"640\" tg-height=\"557\"><span>(Source:Facebook Newsroom)</span></p>\n<p>The firm has also been trying to grow their presence in the E-commerce market and reduce the friction customers experience when clicking through ads on its platforms. Both Instagram checkout and Facebook shops are aimed at doing just that. Their shops solutions are also expanding toWhatsApp, and the marketplace as observed above. The company sees a major shift to online shopping even after the grand reopening of the economies. As part of its effort over the years, they now have 1.2M active shops across their platforms and more than 300M monthly shop visitors. Thelatest releasestates that:</p>\n<blockquote>\n Soon, we’ll give businesses in select countries the option to showcase their Shop inWhatsApp. In the US, we’ll enable them to bring Shops products into Marketplace, helping them reach the more than 1 billion people globally who visit each month.\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38d87012cd9e376a0bed27a095b01828\" tg-width=\"640\" tg-height=\"418\"><span>(Source:Facebook Newsroom)</span></p>\n<p>What’s even more fascinating is the fact that Facebook now plans to integrate new technologies such as AR Dynamic Ads to power the future of shopping. New visual discovery tools on their platforms like Instagram will help customers find new products that they resonate with faster than ever before and help them to visualize their products with AR experiences that they have been working on for a long time now.</p>\n<p>Their continued expansion in the AR/VR market along with the rollout of DIEM, their native digital currency functioning as a stablecoin that was once under the “Libra Project” also presents good growth opportunity in the near future. Facebook is also looking to introducepodcasts and live audio streamsas part of the beginning of their audio journey. In short, Facebook still has a lot of room to grow moving forward apart from looking to squeeze out more cash from their legacy advertising business model. However, as always, product development is one thing, but the financials do need to shape up as well and with Facebook it does.</p>\n<p><b>Financials</b></p>\n<p>Of the FAANG stock group, Facebook enjoys one of the highest margins. The company saw 80.55% in GM in Q1’21 and even in the past, it has enjoyed such high margins, trading between 80.5% to as high as 86.6% in FY17. The chart below also clearly indicates that the remarkable margins trickle down to the bottom line and aren’t wiped out due to operating expenses, registering a NPM of 35.7%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1367468f26c73bde43f494b2b7fb49d6\" tg-width=\"635\" tg-height=\"467\"><span>Data by YCharts</span></p>\n<p>FB also routinely spends a large portion of their revenues on R&amp;D, reinvesting into the business YoY to further improve their products and innovate on new ones. In 2020 the R&amp;D expense represented 21.5% of total sales.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b923685aa0489833ae8f50fcddf3601\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>A large chunk of the firms’ revenues is also retained on the balance sheet which is then used over the years to funnel money to continue their acquisitive culture. Despite this, the strong cashflow that the firm enjoys allows it to stay at the top of their industry in terms of innovation whilst ensuring that their treasure trove of cash is growing should there be a need to deploy it. When we look to liquid cash that the firm holds (Cash &amp; Equivalents, and STI), Facebook has grown it at a tremendous CAGR of 26.2%. Net Debt has also just been becoming less of a concern over the years. To date, even after the pandemic, Facebook has no debt.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13b40cadc31458233d0ea83ce4917c33\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>Given the data above, it is evident that the firm has one of the most pristine balance sheets in the industry and in the whole stock market. The US$62 BN that they hold as cash presents itself as a massive buffer to cushion the impact of whatever comes their way, be it another acquisitive opportunity, or yet another fine. Either way, the company can weather any financial storm and near balance sheet issues aren’t a problem. Shareholders aren’t too pleased with the cash pile just sitting there and would instead rather the firm start paying a dividend or pick up the pace in share buybacks to maximize investor returns. Facebook has never paid a dividend in its entirety and although they may consider that moving forward, we anticipate that it is not a move that they will commit to. In any case, we ourselves hope that they commit to more share buybacks instead of moving to issue a dividend.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f5b82506a0385a1265c494b21462678\" tg-width=\"640\" tg-height=\"43\"><span>(Source:Q1 10-K Filing SEC)</span></p>\n<p>In their 10-K filing, the company expanded their SRP program to include an additional US$25 BN which will be added atop the US$8.6 BN remaining from a 2017 authorization. That amounts to a current authorized SRP valued at around US$33.6 BN and we anticipate that this may further increase substantially moving forward. Despite outstanding shares reducing overtime, a large part is offset by additional equity issued as part of SBC to employees. It is disappointing that the firm isn’t making more of a definitive move to put that cash pile to use but this is nonetheless not a major red flag.</p>\n<p><b>Valuations</b></p>\n<p>Being a blue-chip company with strong FCF, we would normally value the social media giant with a DCF model. Today, however, we will be looking at EV/Sales and P/E Ratios to try and justify its future valuation, looking 3 years out as always to end 2023.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0878b205b837634b7d2528f57ebe84fc\" tg-width=\"640\" tg-height=\"321\"><span>(Source:Seeking Alpha)</span></p>\n<p>Looking 3 years out to end 23, Facebook is projected to grow revenues at an average of 23.4%, with growth in the 30s for this fiscal year. That would mean that Facebook is anticipated to grow revenues to US$160.8 BN by end 2023, up 87% from what they delivered in FY20 in 3 years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1707f8cfee45ce9ebb0e3ac961e78f48\" tg-width=\"640\" tg-height=\"338\"><span>(Source: TIKR.com)</span></p>\n<p>Since 2018, the firm has traded at an average EV/Sales of 8.85, and last exchanged hands at a multiple of 9.76. Although the firm is trading at a multiple above its mean and higher than any of the other stocks as part of the FAANG group, Facebook does have higher estimates than all the other companies in the near future as observed below. The data does not reflect estimates for 2023.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/444e1473e814530e2332cea02637af53\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>Moreover, when we look further into the past all the way back to 2013, the company has historically traded at an average of 12.82 and even registered a high close to 22 in 2014. However, since we want to be conservative, but believe that the market has yet to really price Facebook for what it’s worth given all the headline risks in the media that have induced immediate selloffs without any fundamental reason, we will employ a multiple of 9.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8494d3084eed106a9cb0bff0f27cfe7a\" tg-width=\"640\" tg-height=\"384\"><span>(Source: TIKR.com)</span></p>\n<p>At an EV/Sales multiple of 9, that would put Facebook at a US$1.447 TRN dollar valuation by the end of 2023 and a share price of US$539, an upside of 58%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/55014da5e82d1a67caaeb34766b35940\" tg-width=\"640\" tg-height=\"294\"><span>(Source:Seeking Alpha)</span></p>\n<p>When we look to revenue surprise and analyst estimate beat / miss trends, Facebook has quite the historical track record of surpassing estimates, having done so 10/12 times in the past 3 years. The average upside surprise stands at 3.59%. Assuming Facebook will continue to deliver the same upside surprise moving forward, a 3.59% beat to the top line estimate of 2023 would warrant revenues of US$166.57 BN. At the same EV/Sales ratio of 9, that would render a higher valuation of US$558.77 USD. Given that Facebook is very close to crossing the US$1 TRN dollar valuation mark, we anticipate this to be a very realistic price target.</p>\n<p>Now shifting on to another valuation method by P/E multiples, the valuation also paints a similar picture.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d67f3c257657bc10ee6be38c16d2a1f\" tg-width=\"640\" tg-height=\"207\"><span>(Source:Seeking Alpha)</span></p>\n<p>Turning to earnings estimates, the company is also projected to do high-teens digit growth for 2022 and 2023 and a close to 30% growth in the bottom line for this fiscal year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe26a8eabec7045dc5a904497737623\" tg-width=\"635\" tg-height=\"501\"><span>Data by YCharts</span></p>\n<p>Despite trading at the highest EV / Sales ratio of the FAANG stocks, Facebook is trading at the lowest TTM normalized PE Ratio amongst its peers, with the inclusion of Microsoft (FANGMA). This is likely due to the market failing to internalize and appreciate the company’s high NPM and profitability. Currently trading at a P/E ratio of 29.14, this is also below its historical means of as high as 60+ in 2016.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/247661f12f62820f6266763f49531355\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p>\n<p>However, given that earnings have improved dramatically since and likely won’t be revisiting those levels as seen from the forward estimates, we will stick with what we believe to be a fair multiple for the stickiest company in the world, 30. At a P/E ratio of 30, that would put the end 2023 share price somewhere near levels of US$531.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce908799f1bf9091b49b94e03db7e476\" tg-width=\"640\" tg-height=\"284\"><span>(Source:Seeking Alpha)</span></p>\n<p>However, because of a surprisingly good earnings-beat track record once again, this has to be factored in moving forward. Of the last 3 years, Facebook has beat earnings 11/12 times. The average beat comes in at 15.72%. If we were to stick to a similar but more conservative beat of say 7%, that would put 2023 normalized earnings at 18.93. The exact same P/E ratio would now warrant a realistic share price of US$567.8, an upside of 66.3%.</p>\n<p>With all 4 estimates using different methods and assumptions with different levels of conservatism employed delivering a potential share price anywhere between US$531 and US$568, it would be fair to conclude that this is a realistic price target for the cashflow king 3 years out into the future. At the low end of estimates of US$531, this is still indicative of a 55% upside.</p>\n<p><b>Investor Takeaways</b></p>\n<p>To conclude, we believe Facebook has a very strong future ahead and the projected numbers for both the Topline and Bottom line are indicative of potential upside. We place significant emphasis on forward estimates as markets are future discounting mechanisms that react accordingly. The company enjoys unbelievably high margins, has a pristine balance sheet with absolutely no debt, and is anticipated to keep raking in high revenues with strong cashflow numbers.</p>\n<p>With so many growth opportunities such as the monetization ofWhatsApp, AR/VR, shops, marketplace growth, DIEM, and the continued growth in its legacy advertisement business both in terms of MAP and ARPUs, Facebook is here to stay and is nowhere near exhausting its full potential. The sizeable TAMs in each of the different business segments combined with other opportunities such as Facebook Reels which we did not cover, and the fact that it has yet to have been monetized, all point to a bright future.</p>\n<p>That being said, it is a given that the company will face many other bumps along moving forward. Facebook will continue to be subjected to what we call ‘headline risks’ whereby the stock will be overly sold off to the downside based upon nothing fundamental but one-sided exaggerated narratives. This we believe presents the best time to pick up shares and accumulate for the long run. Facebook has been perceived to have engaged in a lot of dubious unethical behaviour surrounding user data but like we said, that is separate from the investment opportunity the company presents and we will leave that to you to decide. Granted that there are many reasons surrounding the company's beat-down reputation, the return on invested capital is a different story and the main one to be focused on when considering if a company is a good investment or not.</p>\n<p>End day, when it comes to blue-chip stocks that have a firm hold in the industry, good sticky products, and solid financials, it is hard for the stock not to trend up overtime so long as estimates paint a bright picture and most importantly, the markets continue to value them in the same rational way. This has not always been the case and can be easily seen from Microsoft’s outperformance hiatus when the Dot Com bubble crashed, and the stock took 17 years to put in a new high. Still, we believe blue chip stocks are a good bet as of now and should be a part of everyone’s portfolio, and Facebook presents the best buy of the FAANG from our perspective. Till next time!</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook: Simply Unstoppable</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook: Simply Unstoppable\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 16:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437000-facebook-simply-unstoppable><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe #StopHateforProfit Campaign, antitrust allegations, Apple IDFA issue, and a host of other historical issues have not stopped the social media giant and will not stop it.\nDespite an ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437000-facebook-simply-unstoppable\">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://seekingalpha.com/article/4437000-facebook-simply-unstoppable","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100563900","content_text":"Summary\n\nThe #StopHateforProfit Campaign, antitrust allegations, Apple IDFA issue, and a host of other historical issues have not stopped the social media giant and will not stop it.\nDespite an impressive rally delivering 65% since the start of CY20 and 26% YTD, Facebook remains undervalued relative to its peers and the FAANG stocks with the best forward estimates.\nThe strong moat originating from their sheer user base, and sizeable TAMs in E-commerce, VR/AR, digital assets (DIEM), cumulatively make for a compelling growth story.\nAlthough the company is highly controversial and rightfully so, this article focuses more on the quantitative analysis and less on the morals and ethics behind this investment. That, we shall leave to you.\n\nnemke/E+ via Getty Images\nInvestment Thesis\nFacebook (FB) has had a volatile trading period the past few years with a general uptrend, delivering shareholders nice returns whilst subjecting them to a few major dips which presented investors an opportunity for a steal. Despite the controversy and headline risks every now and then, the company has been able to battle through them and emerge ever so stronger. The company’s financials have been holding up and shows no sign of stoppage anytime soon. In a time as such, with significant uncertainty in the macro environment and inflation fears creeping up, we believe that shifting some of your assets to high cashflow generating companies is a wise strategy that will pay off. Growth and value are 2 different things, and there still exists growth companies that are undervalued and can still generate substantial cashflow, and we believe Facebook is one of them. The company also remains to be one of the more attractive blue-chip stocks compared to the others in the FAANG. We employ a 3–5-year outlook and have been bullish since USD$200/share. Let’s Begin!\nWhat is Facebook\nKnown to all, Facebook is a social media giant with a family of products including the likes of Facebook, Instagram,WhatsApp, Messenger, and now Oculus. The firm essentially has a stronghold in the social media industry and has an impressive DAP of2.72 BN as of Q1’21and MAP of 3.45 BN.\n(Source:FB Q1’21 Presentation)\nThe world has7.874 BNpeople as of the time of this writing and that would mean that 43.8% of all the people in the world use some form of product from Facebook’s portfolio in the past 30 days. On a daily basis, 34.5% of the people in the world use it. If that isn’t a sticky service, nothing really is. If we were to focus on the usage of the Facebook app solely, 23.8% of the world logs into the app daily based on DAUs.\nThe firm was founded in 2004 and generates the majority of their revenue from advertisements. If you have watched the social dilemma on Netflix, you would realize that Facebook’s real customer isn’t everyday users. Instead, users are the product, and they are being sold to advertisers. The company has created such an engaging and sticky service that users are more than happy to be using their apps, despite knowing that their data is being sold from one company to another. As appalling as it is, they’re indifferent to it all and still find the value in using the company’s products on a daily basis – keeping in touch with distant relatives, chatting with friends, staying up to date with the latest fashion trends and news… (According to the Pew Research Center, more than a 1/3 of US adults say they get their news regularly from Facebook)\n(Source:Pew Research Center)\nTo Facebook, this is equally as good as the more users, the wider the ‘product’ base that they have to offer their customers - advertisers. Advertisers are also indifferent to how Facebook attains its data, so long as Facebook’s targeting metrics and trackers are working well, the more likely it is that they are able to generate conversions. The more conversions, the more sales for them, the more ads they continue to pay for, the more revenue Facebook generates. Win-Win-Win, their apps are the bait, and the product (users), customers (advertisers), and supplier (Facebook), all walk away winners. It’s a remarkable business model that has stood the test of time and no matter the amount of controversy around the business, founders, and its practices, it isn’t going anywhere anytime soon and for one simple reason: Users likely can’t do without Facebook’s products whether they are willing to admit it or not.\nWhen we look back in the past to reflect on how the #StopHateForProfit Campaign turned out for the company, it is apparent that the impact it had on the top and bottom line were both minimal. The boycott was one that arose due to Facebook’s bad hate speech regulations and policing, and because of the laissez-faire attitude toward posts from then President, Donald Trump. More than 1000 companies publicly committed to boycotting the social media giant in June/July (coinciding with end Q2 and start Q3) and many of the top 100 advertisers based on ad spend such as Nike, Adidas, Puma, Coca-Cola, all revised their budgets downwards.\nDespite this, Facebook beat on Q2 earnings and saw an increase of 10.7% YOY. In its forward guidance, the company also announced that for July, they were anticipating a slowdown in YoY growth of 17% but was still due to see a 10% increase. They alsoanticipatedthe slowdown in growth to last through till October. However, the company did not attribute this slowdown to the boycott specifically but to 3 other major headwinds. With the benefit of hindsight, we can now see that even for Q3’20, the firm saw an impressive 21.6% rise in its top line, with the bottom line still registering a 12.2% improvement in NPM for Q2’20 YoY and a 200 bps NPM improvement in Q3.\nThe results are clear and indicative of a few things. The boycott by the largest companies did little to Facebook’s financial story as they still managed to register growth and did not see significant pullbacks that were material. This can be tied to the fact that most of Facebook’s advertisers are SMBs. Although certain few SMBs did join the boycott, most didn’t, and the firm still had their impressive 9 million + customer base to rely on. If anything, this also suggests that despite what any SMB stands for and whether they agree with a social cause or not, it is hard for them to find alternatives that they can shift to on a similar pricing scale. Big brands can easily pivot to other advertisements such as TV and radio commercials but SMBs simply can’t because of smaller budgets. Lastly, it is now clear that the campaign affected Facebook’s reputation more so than it did its cashflow.\nRisks\nOther risks that the company may face would be future antitrust lawsuits. As it is, the company is already facing allegations of being a monopoly based on their aggressive acquisitive history having acquired more than90 other companiessince inception. They were alsofined US$5 BNby the FTC in 2019 and were required to adopt their policies and employ new protections for the users and their data that has been shared.\n(Source: TIKR.com)\nThough representative of a historic penalty and the largest ever imposed on a company for violating user’s privacy rights, the US$5BN was a drop in the bucket for the giant that went on to generate US$70+ BN dollars for the year.\nThe current issues that they have with Apple’s new iOS changes and the IDFA implications are also likely not going to have a substantial impact on the firm. The Identifier for Advertisers [IDFA] is a random device identifier assigned by Apple to a user's device. Advertisers use this to track data so they can deliver customized advertising on mobile. With the new iOS changes, Apple essentially programmed it such that each app that wants to use these identifiers will have to ask users to opt in for tracking when the app is first launched. If users opt out, the app can’t track certain data and Facebook will have a smaller database of points to rely upon. As consumer preferences change, so will Facebook’s targeting that relies on IDFAs get worse and less effective due to outdated data points.\nAccording to aCNBC article:\n\n Most critically at stake for Facebook is what’s known as view-through conversions. This metric is used by ad-tech companies to measure how many users saw an ad, did not immediately click on it, but later made a purchase related to that ad.”\n\nWhen the conversion is made later on, the data IDFA for that particular user is then shared by the retailer to Facebook which is then used by the company to see if it matches the IDFA of the user who saw the ad. If they pair, it indicates that the ad was useful in generating a conversion. This data performance is then relayed to advertisers so that they can tweak their ad strategies accordingly. Withas much as 96% of usersanticipated to opt out of tracking on all apps, this would mean that mobile ads on 3rdparty apps may no longer be as useful if Facebook cannot really judge its effectiveness anymore. The more ineffective the ads become, the less conversions for retailers, and the more they pivot to other advertising platforms, which will impact the revenues for the firm.\nHowever, Facebook has disclosed that this will particularly only affect one form of advertisement which relies heavily on the IDFA, known as Audience Networks. Fortunately, the audience network segment only represents less than 10% of the firm’s total revenues. With the impact estimating to cost a drop in50% of all ads deliveredand hence sales from this segment, this would atbest represent a 5% drop in their total revenues. With that said, we do not anticipate that this will be present significant impact moving forward and the firm can easily recoup the 5% loss at worse by focusing on increasing ARPUs and user engagement to save their core business.\nThough Facebook started by disclosing that they anticipated the impact on their revenues to be large at first, this no longer seems to be the case. If anything, history has shown us that Mark is not one to back down and if he doesn’t get his way, he damn well will find another way to minimise loss and increase revenue generation in other segments to make up for it. If you aren’t too involved in the technicalities, we think it’s safe to bet on the jockey in this case. Besides, AR / VR growth,WhatsApp monetization, Reels monetization, further user growth in less developed countries away from the legacy North America and Europe region can very well pick up the lost (US$5BN) in sales.\nMoat\nAs mentioned above, the DAUs and MAUs for Facebook are very impressive with a large portion of the world using at least 1 of their products. The moat for the business relies on the wide user base that Facebook has meticulously built over the course of 17 years. With any new product that they have, the firm can easily roll it out to their database of users and expect demand to pick up in a matter of weeks, maybe even days. That is the power of the network of Facebook that really can’t be valued.\n(Source: FB Q1’21 Presentation)\nDespite the controversy, endless allegations, and negative headlines one after the other, the numbers don’t lie. DAUs have been increasing every single quarter, with the fastest growth observed in Asia-Pacific and the rest of the world. US & Canada growth has slowed as it nears saturation levels, and this is perfectly normal and to be expected. The way we anticipate Facebook to grow their core cash cow business moving forward is clean. 1) Focus on growing ARPUs in their saturated legacy areas (US & Canada and Europe) as well as 2) Increase User Growth by Geography in their growth areas (Asia-Pacific and the Rest of the World). Unsurprisingly, Facebook has been focused on doing just that.\n(Source: FB Q1’21 Presentation)\nWhen we look to the infamous metric for judging social media companies and their performance – ARPUs, we can see that in the legacy areas, ARPUs have been increasing at a faster pace than compared to growth areas. This falls in line with point number 1 as mentioned above. The legacy areas have already reached saturation levels and user growth is unable to grow at astounding rates anymore. However, since this represent areas that are more developed and generally have higher disposable incomes on the average, focusing on increasing ARPUs and monetizing advertisers is the right strategy and a very feasible one. Though the growth areas are also seeing ARPUs grow YoY as they should, they are not at the same pace as in the US & Canada and Europe. When we look to revenue generated by geography below, this confirms the thesis that revenue is growing faster than user base in those areas, and since ARPU equal to (Total Revenue from that Geography / Number of Users in that area), so long revenue is growing at a faster pace than the user base, they should increase meaningfully.\n(Source: FB Q1’21 Presentation)\nWhen we look to the slide below, it is also apparent that user numbers are growing much faster in Asia-Pacific and the rest of the world, away from the legacy areas. Across 2 years, MAUs which is the broadest business performance metric employed by Facebook, grew 22.4% and 25.4% in the growth areas while they only grew a mere 6.6% in US & Canada and 10.2% in Europe.\n(Source: FB Q1’21 Presentation)\nIf Facebook can continue to grow their user engagement numbers in the growth areas whilst maximizing ARPUs in legacy areas, the company can easily ensure that the core advertising model will remain the cash cow of the business, funding growth for their other product developments.\nGrowth Tactics\nWhen we look to potential growth Facebook has, the company isn’t short of any. Facebook has moved to monetizeWhatsApp, where they plan to generate fees from payments made within the app itself as well as through in-app status advertisements. The company is essentially trying to integrate the growth and TAM of the E-commerce market more seamlessly into their family of products including the likes ofWhatsApp. ThroughFacebook Pay, users can now engage in peer-to-peer payments withinWhatsApp itself at no cost. However, when businesses receive a fee from customers through the app itself, they will then have to pay a small ‘processing fee’ to Facebook and this is where it profits. This is the same method that is being employed by Shopify and all the other payment processing channels just that it is now being done locally inWhatsApp itself.WhatsApp payments has launched in Brazil, the 2nd largest market by users and the fee stands at 3.99%.\n(Source:Facebook Newsroom)\nThe firm has also been trying to grow their presence in the E-commerce market and reduce the friction customers experience when clicking through ads on its platforms. Both Instagram checkout and Facebook shops are aimed at doing just that. Their shops solutions are also expanding toWhatsApp, and the marketplace as observed above. The company sees a major shift to online shopping even after the grand reopening of the economies. As part of its effort over the years, they now have 1.2M active shops across their platforms and more than 300M monthly shop visitors. Thelatest releasestates that:\n\n Soon, we’ll give businesses in select countries the option to showcase their Shop inWhatsApp. In the US, we’ll enable them to bring Shops products into Marketplace, helping them reach the more than 1 billion people globally who visit each month.\n\n(Source:Facebook Newsroom)\nWhat’s even more fascinating is the fact that Facebook now plans to integrate new technologies such as AR Dynamic Ads to power the future of shopping. New visual discovery tools on their platforms like Instagram will help customers find new products that they resonate with faster than ever before and help them to visualize their products with AR experiences that they have been working on for a long time now.\nTheir continued expansion in the AR/VR market along with the rollout of DIEM, their native digital currency functioning as a stablecoin that was once under the “Libra Project” also presents good growth opportunity in the near future. Facebook is also looking to introducepodcasts and live audio streamsas part of the beginning of their audio journey. In short, Facebook still has a lot of room to grow moving forward apart from looking to squeeze out more cash from their legacy advertising business model. However, as always, product development is one thing, but the financials do need to shape up as well and with Facebook it does.\nFinancials\nOf the FAANG stock group, Facebook enjoys one of the highest margins. The company saw 80.55% in GM in Q1’21 and even in the past, it has enjoyed such high margins, trading between 80.5% to as high as 86.6% in FY17. The chart below also clearly indicates that the remarkable margins trickle down to the bottom line and aren’t wiped out due to operating expenses, registering a NPM of 35.7%.\nData by YCharts\nFB also routinely spends a large portion of their revenues on R&D, reinvesting into the business YoY to further improve their products and innovate on new ones. In 2020 the R&D expense represented 21.5% of total sales.\n(Source: TIKR.com)\nA large chunk of the firms’ revenues is also retained on the balance sheet which is then used over the years to funnel money to continue their acquisitive culture. Despite this, the strong cashflow that the firm enjoys allows it to stay at the top of their industry in terms of innovation whilst ensuring that their treasure trove of cash is growing should there be a need to deploy it. When we look to liquid cash that the firm holds (Cash & Equivalents, and STI), Facebook has grown it at a tremendous CAGR of 26.2%. Net Debt has also just been becoming less of a concern over the years. To date, even after the pandemic, Facebook has no debt.\n(Source: TIKR.com)\nGiven the data above, it is evident that the firm has one of the most pristine balance sheets in the industry and in the whole stock market. The US$62 BN that they hold as cash presents itself as a massive buffer to cushion the impact of whatever comes their way, be it another acquisitive opportunity, or yet another fine. Either way, the company can weather any financial storm and near balance sheet issues aren’t a problem. Shareholders aren’t too pleased with the cash pile just sitting there and would instead rather the firm start paying a dividend or pick up the pace in share buybacks to maximize investor returns. Facebook has never paid a dividend in its entirety and although they may consider that moving forward, we anticipate that it is not a move that they will commit to. In any case, we ourselves hope that they commit to more share buybacks instead of moving to issue a dividend.\n(Source:Q1 10-K Filing SEC)\nIn their 10-K filing, the company expanded their SRP program to include an additional US$25 BN which will be added atop the US$8.6 BN remaining from a 2017 authorization. That amounts to a current authorized SRP valued at around US$33.6 BN and we anticipate that this may further increase substantially moving forward. Despite outstanding shares reducing overtime, a large part is offset by additional equity issued as part of SBC to employees. It is disappointing that the firm isn’t making more of a definitive move to put that cash pile to use but this is nonetheless not a major red flag.\nValuations\nBeing a blue-chip company with strong FCF, we would normally value the social media giant with a DCF model. Today, however, we will be looking at EV/Sales and P/E Ratios to try and justify its future valuation, looking 3 years out as always to end 2023.\n(Source:Seeking Alpha)\nLooking 3 years out to end 23, Facebook is projected to grow revenues at an average of 23.4%, with growth in the 30s for this fiscal year. That would mean that Facebook is anticipated to grow revenues to US$160.8 BN by end 2023, up 87% from what they delivered in FY20 in 3 years.\n(Source: TIKR.com)\nSince 2018, the firm has traded at an average EV/Sales of 8.85, and last exchanged hands at a multiple of 9.76. Although the firm is trading at a multiple above its mean and higher than any of the other stocks as part of the FAANG group, Facebook does have higher estimates than all the other companies in the near future as observed below. The data does not reflect estimates for 2023.\n(Source: TIKR.com)\nMoreover, when we look further into the past all the way back to 2013, the company has historically traded at an average of 12.82 and even registered a high close to 22 in 2014. However, since we want to be conservative, but believe that the market has yet to really price Facebook for what it’s worth given all the headline risks in the media that have induced immediate selloffs without any fundamental reason, we will employ a multiple of 9.\n(Source: TIKR.com)\nAt an EV/Sales multiple of 9, that would put Facebook at a US$1.447 TRN dollar valuation by the end of 2023 and a share price of US$539, an upside of 58%.\n(Source:Seeking Alpha)\nWhen we look to revenue surprise and analyst estimate beat / miss trends, Facebook has quite the historical track record of surpassing estimates, having done so 10/12 times in the past 3 years. The average upside surprise stands at 3.59%. Assuming Facebook will continue to deliver the same upside surprise moving forward, a 3.59% beat to the top line estimate of 2023 would warrant revenues of US$166.57 BN. At the same EV/Sales ratio of 9, that would render a higher valuation of US$558.77 USD. Given that Facebook is very close to crossing the US$1 TRN dollar valuation mark, we anticipate this to be a very realistic price target.\nNow shifting on to another valuation method by P/E multiples, the valuation also paints a similar picture.\n(Source:Seeking Alpha)\nTurning to earnings estimates, the company is also projected to do high-teens digit growth for 2022 and 2023 and a close to 30% growth in the bottom line for this fiscal year.\nData by YCharts\nDespite trading at the highest EV / Sales ratio of the FAANG stocks, Facebook is trading at the lowest TTM normalized PE Ratio amongst its peers, with the inclusion of Microsoft (FANGMA). This is likely due to the market failing to internalize and appreciate the company’s high NPM and profitability. Currently trading at a P/E ratio of 29.14, this is also below its historical means of as high as 60+ in 2016.\nData by YCharts\nHowever, given that earnings have improved dramatically since and likely won’t be revisiting those levels as seen from the forward estimates, we will stick with what we believe to be a fair multiple for the stickiest company in the world, 30. At a P/E ratio of 30, that would put the end 2023 share price somewhere near levels of US$531.\n(Source:Seeking Alpha)\nHowever, because of a surprisingly good earnings-beat track record once again, this has to be factored in moving forward. Of the last 3 years, Facebook has beat earnings 11/12 times. The average beat comes in at 15.72%. If we were to stick to a similar but more conservative beat of say 7%, that would put 2023 normalized earnings at 18.93. The exact same P/E ratio would now warrant a realistic share price of US$567.8, an upside of 66.3%.\nWith all 4 estimates using different methods and assumptions with different levels of conservatism employed delivering a potential share price anywhere between US$531 and US$568, it would be fair to conclude that this is a realistic price target for the cashflow king 3 years out into the future. At the low end of estimates of US$531, this is still indicative of a 55% upside.\nInvestor Takeaways\nTo conclude, we believe Facebook has a very strong future ahead and the projected numbers for both the Topline and Bottom line are indicative of potential upside. We place significant emphasis on forward estimates as markets are future discounting mechanisms that react accordingly. The company enjoys unbelievably high margins, has a pristine balance sheet with absolutely no debt, and is anticipated to keep raking in high revenues with strong cashflow numbers.\nWith so many growth opportunities such as the monetization ofWhatsApp, AR/VR, shops, marketplace growth, DIEM, and the continued growth in its legacy advertisement business both in terms of MAP and ARPUs, Facebook is here to stay and is nowhere near exhausting its full potential. The sizeable TAMs in each of the different business segments combined with other opportunities such as Facebook Reels which we did not cover, and the fact that it has yet to have been monetized, all point to a bright future.\nThat being said, it is a given that the company will face many other bumps along moving forward. Facebook will continue to be subjected to what we call ‘headline risks’ whereby the stock will be overly sold off to the downside based upon nothing fundamental but one-sided exaggerated narratives. This we believe presents the best time to pick up shares and accumulate for the long run. Facebook has been perceived to have engaged in a lot of dubious unethical behaviour surrounding user data but like we said, that is separate from the investment opportunity the company presents and we will leave that to you to decide. Granted that there are many reasons surrounding the company's beat-down reputation, the return on invested capital is a different story and the main one to be focused on when considering if a company is a good investment or not.\nEnd day, when it comes to blue-chip stocks that have a firm hold in the industry, good sticky products, and solid financials, it is hard for the stock not to trend up overtime so long as estimates paint a bright picture and most importantly, the markets continue to value them in the same rational way. This has not always been the case and can be easily seen from Microsoft’s outperformance hiatus when the Dot Com bubble crashed, and the stock took 17 years to put in a new high. Still, we believe blue chip stocks are a good bet as of now and should be a part of everyone’s portfolio, and Facebook presents the best buy of the FAANG from our perspective. Till next time!","news_type":1},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346757677,"gmtCreate":1618117303599,"gmtModify":1634294812474,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Buying opportunity for pfizer and moderna","listText":"Buying opportunity for pfizer and moderna","text":"Buying opportunity for pfizer and moderna","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/346757677","repostId":"2126038125","repostType":4,"repost":{"id":"2126038125","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617981432,"share":"https://www.laohu8.com/m/news/2126038125?lang=&edition=full","pubTime":"2021-04-09 23:17","market":"us","language":"en","title":"EU seeks new contract with Pfizer/BioNTech for up to 1.8 billion vaccines from 2022 -EU source","url":"https://stock-news.laohu8.com/highlight/detail?id=2126038125","media":"Reuters","summary":"BRUSSELS, April 9 (Reuters) - The European Commission is seeking EU governments’ approval to launch ","content":"<p>BRUSSELS, April 9 (Reuters) - The European Commission is seeking EU governments’ approval to launch talks with Pfizer and BioNTech for the purchase of up to 1.8 billion doses of their COVID-19 vaccines to be delivered in 2022 and 2023, an EU official told Reuters.</p>\n<p>Earlier on Friday, German daily Die Welt reported that the Commission was shortly to sign contracts to buy up to 1.8 billion doses, but did not say with which company.</p>\n<p>The EU official, who asked not to be named because the matter is confidential, said the EU executive had already decided to approach Pfizer-BioNTech and that EU governments backed the plan, though there was not yet a definitive approval.</p>\n<p>A Commission spokesman confirmed plans to buy the additional doses, of which half would be optional.</p>\n<p>He also confirmed that the EU executive had already identified one supplier, a manufacturer of mRNA vaccines, but declined to comment on which company would be approached to negotiate the contract.</p>\n<p>“If provided the opportunity Pfizer and BioNTech are prepared to supply Europe with hundreds of millions of doses of COVID vaccines in 2022 and 2023 produced in our manufacturing facilities in Europe,” a Pfizer spokesman said.</p>\n<p>The two companies have the capacity to produce more than 3 billion doses of vaccine in 2022, he added.</p>\n<p>Pfizer-BioNTech and Moderna are already supplying the EU with mRNA vaccines and German biotech firm CureVac is seeking EU approval for its mRNA shot.</p>\n<p>The vaccines would be delivered under monthly timetables and with clauses obliging the supplier to deliver, the EU official said.</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>EU seeks new contract with Pfizer/BioNTech for up to 1.8 billion vaccines from 2022 -EU source</title>\n<style 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}\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\">\nEU seeks new contract with Pfizer/BioNTech for up to 1.8 billion vaccines from 2022 -EU source\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-09 23:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BRUSSELS, April 9 (Reuters) - The European Commission is seeking EU governments’ approval to launch talks with Pfizer and BioNTech for the purchase of up to 1.8 billion doses of their COVID-19 vaccines to be delivered in 2022 and 2023, an EU official told Reuters.</p>\n<p>Earlier on Friday, German daily Die Welt reported that the Commission was shortly to sign contracts to buy up to 1.8 billion doses, but did not say with which company.</p>\n<p>The EU official, who asked not to be named because the matter is confidential, said the EU executive had already decided to approach Pfizer-BioNTech and that EU governments backed the plan, though there was not yet a definitive approval.</p>\n<p>A Commission spokesman confirmed plans to buy the additional doses, of which half would be optional.</p>\n<p>He also confirmed that the EU executive had already identified one supplier, a manufacturer of mRNA vaccines, but declined to comment on which company would be approached to negotiate the contract.</p>\n<p>“If provided the opportunity Pfizer and BioNTech are prepared to supply Europe with hundreds of millions of doses of COVID vaccines in 2022 and 2023 produced in our manufacturing facilities in Europe,” a Pfizer spokesman said.</p>\n<p>The two companies have the capacity to produce more than 3 billion doses of vaccine in 2022, he added.</p>\n<p>Pfizer-BioNTech and Moderna are already supplying the EU with mRNA vaccines and German biotech firm CureVac is seeking EU approval for its mRNA shot.</p>\n<p>The vaccines would be delivered under monthly timetables and with clauses obliging the supplier to deliver, the EU official said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2126038125","content_text":"BRUSSELS, April 9 (Reuters) - The European Commission is seeking EU governments’ approval to launch talks with Pfizer and BioNTech for the purchase of up to 1.8 billion doses of their COVID-19 vaccines to be delivered in 2022 and 2023, an EU official told Reuters.\nEarlier on Friday, German daily Die Welt reported that the Commission was shortly to sign contracts to buy up to 1.8 billion doses, but did not say with which company.\nThe EU official, who asked not to be named because the matter is confidential, said the EU executive had already decided to approach Pfizer-BioNTech and that EU governments backed the plan, though there was not yet a definitive approval.\nA Commission spokesman confirmed plans to buy the additional doses, of which half would be optional.\nHe also confirmed that the EU executive had already identified one supplier, a manufacturer of mRNA vaccines, but declined to comment on which company would be approached to negotiate the contract.\n“If provided the opportunity Pfizer and BioNTech are prepared to supply Europe with hundreds of millions of doses of COVID vaccines in 2022 and 2023 produced in our manufacturing facilities in Europe,” a Pfizer spokesman said.\nThe two companies have the capacity to produce more than 3 billion doses of vaccine in 2022, he added.\nPfizer-BioNTech and Moderna are already supplying the EU with mRNA vaccines and German biotech firm CureVac is seeking EU approval for its mRNA shot.\nThe vaccines would be delivered under monthly timetables and with clauses obliging the supplier to deliver, the EU official said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348254062,"gmtCreate":1617934408556,"gmtModify":1634295656248,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Good good. Nice to see green ticks","listText":"Good good. Nice to see green ticks","text":"Good good. Nice to see green ticks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348254062","repostId":"1132898313","repostType":4,"isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120125598,"gmtCreate":1624316352314,"gmtModify":1631890133035,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Can monitor this stock.&nbsp;","listText":"Can monitor this stock.&nbsp;","text":"Can monitor this stock.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120125598","repostId":"1117650695","repostType":2,"repost":{"id":"1117650695","pubTimestamp":1623902228,"share":"https://www.laohu8.com/m/news/1117650695?lang=&edition=full","pubTime":"2021-06-17 11:57","market":"us","language":"en","title":"Shopify: Valuation Should Not Be A Concern","url":"https://stock-news.laohu8.com/highlight/detail?id=1117650695","media":"seekingalpha","summary":"Shopify is a leading merchant platform empowering mostly small online retailers.Shopify is set to grow revenues to $5b by 2023.Fulfillment center strategy makes Shopify a long-term threat to Amazon.Shopify is taking a larger bite out of the e-commerce market and the price is justified given Shopify's potential for rapid revenue growth.Shopify  is a strong buy as the merchant platform takes a bigger and bigger bite out of the expanding e-commerce market and revenues are growing rapidly. Shopify i","content":"<p><b>Summary</b></p>\n<ul>\n <li>Shopify is a leading merchant platform empowering mostly small online retailers.</li>\n <li>Shopify is set to grow revenues to $5b by 2023.</li>\n <li>Fulfillment center strategy makes Shopify a long-term threat to Amazon.</li>\n <li>Shopify is taking a larger bite out of the e-commerce market and the price is justified given Shopify's potential for rapid revenue growth.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5f3ab455f8b2c1956c4124771b084d9\" tg-width=\"768\" tg-height=\"400\"><span>ipopba/iStock via Getty Images</span></p>\n<p>Shopify (SHOP) is a strong buy as the merchant platform takes a bigger and bigger bite out of the expanding e-commerce market and revenues are growing rapidly. Shopify is on its way to becoming a $5b annual revenue company and its fulfillment center strategy provides fertile ground for stock price appreciation. Amazon(NASDAQ:AMZN)should be worried.</p>\n<p><b>Why Shopify is a strong buy</b></p>\n<p>Shopify enables people to start an online business relatively fast and with very little cost. Itse-commerce platform offers a suite of integrated products and apps that includes marketing functionality, payment processing and customer engagement tools. Shopify’s core services are paid for on a subscription basis with the most basic plan starting at $29-month.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d0e35fa316c0fd7e939400d53fd623fb\" tg-width=\"1280\" tg-height=\"266\"><span>(Source: Shopify)</span></p>\n<p>Thee-commerce market is booming, not just because of the pandemic. The ease of shopping and the wide distribution of mobile devices made online shopping popular even before COVID-19 emerged. Globale-commerce sales are expected to rise in the future with some estimates calling for global online sales of $4.9 trillion in 2021... with sales growing 30% to $6.4 trillion by 2024.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9918556cae0d9e7fdb0e58780b922413\" tg-width=\"907\" tg-height=\"460\"><span>(Source:Oberlo)</span></p>\n<p>Online sales are not only expected to grow in absolute terms but also relatively: E-Commerce is taking an ever-growing share of retail sales, a trend that accelerated during the 2020 pandemic year. Thee-commerce share of retail sales in 2020 was 18% and is projected to grow to 21.8% by 2024.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c7297749c9cb665e56f89bb920507e5\" tg-width=\"905\" tg-height=\"463\"><span>(Source:Oberlo)</span></p>\n<p>Growth ine-commerce and merchandise volumes are not dependent on one particular category either. People buy everything from fashion items to personal care products online. According to Hootsuite’sDigital 2021 Global Overview Report, money spent on travel and accommodation cratered 51% due to the pandemic but all other categories grew sales by at least 18% Y/Y.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd515034ac6d1ea79da171cca44eacb0\" tg-width=\"1232\" tg-height=\"682\"><span>(Source: Digital 2021Global Overview Report)</span></p>\n<p>Shopify also saw a year of revenue acceleration during the pandemic… just like Amazon did. As people lost their jobs because of COVID-19 and remote working became the new standard, Shopify’s merchant platform gained in popularity, too. The pandemic also helped shift a lot of purchasing power online as retail stores and small businesses shut their doors. Shopify benefited from these unfortunate trends by experiencing a surge in revenues as more retailers built online stores and processed transactions through Shopify. Shopify’s revenues surged 86% to $2.9b in FY 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/47be367ae30fc395bd0cf9f998f5efc0\" tg-width=\"1106\" tg-height=\"574\"><span>(Source:Shopify)</span></p>\n<p>Shopify’s revenues can be broken down into two parts, subscriptions and merchant solutions. Subscriptions include the payments for monthly plans and merchant solutions include additional costs for doing business through Shopify, such as payment processing fees and costs associated with Shopify Shipping and point-of-sale terminals. Revenues from merchant solutions have become more important for Shopify over time as the platform developed its ecosystem and created new apps and products for its merchants to use.</p>\n<p>2020 was a banner year for Shopify and its merchants. The gross merchandise value, the amount cumulatively sold through Shopify, doubled from $61.1b before the pandemic to $119.6b a year later. While 2020 growth rates will likely decline in 2021 as normal retail businesses open their doors again, merchandise volumes will continue to grow as thee-commerce market expands. I estimate that Shopify’s GMV will reach $210b for FY 2021 and $340b next year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/845466a2e9dd8dcae9d4d3c4542611c9\" tg-width=\"938\" tg-height=\"546\"><span>(Source: Shopify)</span></p>\n<p>Shopify’s FY 2020 gross profits also saw rapid growth. Gross profits surged 78% to $1.6b with more growth expected in FY 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2530faf2d14eb2bb0f90d05694eba0b\" tg-width=\"904\" tg-height=\"544\"><span>(Source: Shopify)</span></p>\n<p><b>Taking on Amazon</b></p>\n<p>Shopify’s merchant platform shows healthy growth in subscriber and merchant revenues and merchant revenues are going to continue to grow in importance as Shopify signs up new partners and develops its apps suite. This is quite predictable.</p>\n<p>Longer term, however, Shopify should emerge as a growing threat to Amazon because of its investments in fulfillment centers. Entering the physical space is the next step in Shopify’s evolution and Amazon should be worried. Amazon is still the largeste-commerce platform, by far, but Shopify’s move into fulfillment centers is set to narrow this existing gap between the two companies. Amazon’s share of US retaile-commerce share is 4.5 times larger than Shopify’s giving Shopify a lot of potential to catch up...</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5108b1c5dead03ebaec97df972ed74f7\" tg-width=\"891\" tg-height=\"600\"><span>(Source: Shopify)</span></p>\n<p>Building its own fulfillment centers makes strategic sense for Shopify since it solves problems that a lot of online retailers have. Fulfillment centers, as the same implies, take over the function of fulfillment. This means a merchant that sells on Shopify sends goods to a warehouse and Shopify takes over order processing and shipping in return for a fee. The benefit for the retailer is obvious: Reduced shipping times and optimized inventory management.</p>\n<p>The benefit for Shopify: It can collect more revenues by controlling the fulfillment part of the sales process. While Shopify will build new fulfillment centers in the US as part of a $1b investment plan, it also provides Shopify with the option to use its US fulfillment network as a springboard to enter markets outside the US and drive its international expansion.</p>\n<p>Shopify is cashed up after the pandemic year and has more than enough cash to finance its expansion which in the future will likely include the expansion into international fulfillment markets. Shopify’s balance sheet is healthy enough to support the platform’s growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b284d5316a0604662b9dd5af30215f3f\" tg-width=\"640\" tg-height=\"542\"><span>(Source:Shopify)</span></p>\n<p>If Shopify and Amazon were to go toe-to-toe, Amazon would have a distinct advantage… because it is so much bigger than Shopify and because its website is drawing the most traffic as the number onee-commerce platform in the US. Amazon is about ten times bigger than Shopify regarding market value and Amazon has sales that are more than one hundred times larger than Shopify’s… so the battle between these twoe-commerce companies can be seen as a battle between David and Goliath, with Amazon being the Goliath.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5d0d062b9a02247c1e38dc5b0c23343\" tg-width=\"635\" tg-height=\"500\"><span>Data by YCharts</span></p>\n<p>But Shopify is growing its merchant platform fast and operates from a much smaller revenue base, which is easier to scale. Shopify has more than 1.7m merchants signed on to its platform from 175 countries and continually develops news complementary sources of revenues. In its latestproduct news, Shopify announced that it will make its “one-click checkout” available to all merchants selling on Facebook(NASDAQ:FB)&nbsp;and Google(NASDAQ:GOOG)(NASDAQ:GOOGL)using Shop Pay. The integration is set to lower the “abandoned card” problem many retailers have which is customers not completing the checkout process. Shop Pay could provide a remedy to this problem by making the checkout process easier and more efficient.</p>\n<p><b>Risks</b></p>\n<p>Margins ine-commerce are very thin and growing competition in the industry will make things worse long term. The easy and relatively low-cost entry into thee-commerce market could also turn out to be a problem longer term. Companies that win ine-commerce are companies like Shopify with their own ecosystems that create a moat and protect against competition. Slowing revenue growth and an overblown valuation may be the two biggest risks for Shopify.</p>\n<p><b>You pay for Shopify's growth...</b></p>\n<p>By the end of next year Shopify should be a $5b annual revenue company, but the critical revenue milestone could be reached much sooner if Shopify manages to grow as fast as it did during the pandemic. The expectation is for Shopify to earn $4.35-share on revenues of $4.4b in FY 2021 with revenues scaling to ten-fold to $42b this decade. I believe fulfillment centers alone represent a $1b annual revenue opportunity for Shopify long term. Revenues for FY 2022 should also be closer to $6.5b with the consensus calling for revenues of \"only\" $5.9b.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/add63adc4e771f68c7aa36779607334d\" tg-width=\"640\" tg-height=\"286\"><span>(Source: Seeking Alpha)</span></p>\n<p>Amazon still has a big lead on Shopify, but the twoe-commerce companies are set to go toe-to-toe long term. Every new product that Shopify rolls out and every new fulfillment center it builds brings Shopify one step closer to taking Amazon head-on. Although Shopify is more expensive than Amazon on a per-dollar-of-revenue basis, the merchant platform clearly has the stature and ambition to take on Amazon.</p>\n<p>Shopify trades at a P-S ratio of 28, but you pay for growth...</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2f713ad31e8c26c8d670a737c252cdb\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p><b>Final thoughts</b></p>\n<p>Shopify has an incredible long-term growth opportunity and Amazon should be worried.</p>\n<p>Shopify has proven to be a real innovator in the industry and constantly develops new products that make online shopping easier for both the online retailer and the merchant.</p>\n<p>Although Shopify has a much higher P-S ratio than Amazon, Shopify has more potential to grow because of its relatively smaller revenue base and market cap.</p>\n<p>The fulfillment center strategy makes a lot of strategic sense and will fortify Shopify's position in the e-commerce market. It can also fuel Shopify's international expansion.</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>Shopify: Valuation Should Not Be A Concern</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\">\nShopify: Valuation Should Not Be A Concern\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435237-shopify-set-to-fly-as-it-takes-on-amazon><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nShopify is a leading merchant platform empowering mostly small online retailers.\nShopify is set to grow revenues to $5b by 2023.\nFulfillment center strategy makes Shopify a long-term threat ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435237-shopify-set-to-fly-as-it-takes-on-amazon\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"https://seekingalpha.com/article/4435237-shopify-set-to-fly-as-it-takes-on-amazon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117650695","content_text":"Summary\n\nShopify is a leading merchant platform empowering mostly small online retailers.\nShopify is set to grow revenues to $5b by 2023.\nFulfillment center strategy makes Shopify a long-term threat to Amazon.\nShopify is taking a larger bite out of the e-commerce market and the price is justified given Shopify's potential for rapid revenue growth.\n\nipopba/iStock via Getty Images\nShopify (SHOP) is a strong buy as the merchant platform takes a bigger and bigger bite out of the expanding e-commerce market and revenues are growing rapidly. Shopify is on its way to becoming a $5b annual revenue company and its fulfillment center strategy provides fertile ground for stock price appreciation. Amazon(NASDAQ:AMZN)should be worried.\nWhy Shopify is a strong buy\nShopify enables people to start an online business relatively fast and with very little cost. Itse-commerce platform offers a suite of integrated products and apps that includes marketing functionality, payment processing and customer engagement tools. Shopify’s core services are paid for on a subscription basis with the most basic plan starting at $29-month.\n(Source: Shopify)\nThee-commerce market is booming, not just because of the pandemic. The ease of shopping and the wide distribution of mobile devices made online shopping popular even before COVID-19 emerged. Globale-commerce sales are expected to rise in the future with some estimates calling for global online sales of $4.9 trillion in 2021... with sales growing 30% to $6.4 trillion by 2024.\n(Source:Oberlo)\nOnline sales are not only expected to grow in absolute terms but also relatively: E-Commerce is taking an ever-growing share of retail sales, a trend that accelerated during the 2020 pandemic year. Thee-commerce share of retail sales in 2020 was 18% and is projected to grow to 21.8% by 2024.\n(Source:Oberlo)\nGrowth ine-commerce and merchandise volumes are not dependent on one particular category either. People buy everything from fashion items to personal care products online. According to Hootsuite’sDigital 2021 Global Overview Report, money spent on travel and accommodation cratered 51% due to the pandemic but all other categories grew sales by at least 18% Y/Y.\n(Source: Digital 2021Global Overview Report)\nShopify also saw a year of revenue acceleration during the pandemic… just like Amazon did. As people lost their jobs because of COVID-19 and remote working became the new standard, Shopify’s merchant platform gained in popularity, too. The pandemic also helped shift a lot of purchasing power online as retail stores and small businesses shut their doors. Shopify benefited from these unfortunate trends by experiencing a surge in revenues as more retailers built online stores and processed transactions through Shopify. Shopify’s revenues surged 86% to $2.9b in FY 2020.\n(Source:Shopify)\nShopify’s revenues can be broken down into two parts, subscriptions and merchant solutions. Subscriptions include the payments for monthly plans and merchant solutions include additional costs for doing business through Shopify, such as payment processing fees and costs associated with Shopify Shipping and point-of-sale terminals. Revenues from merchant solutions have become more important for Shopify over time as the platform developed its ecosystem and created new apps and products for its merchants to use.\n2020 was a banner year for Shopify and its merchants. The gross merchandise value, the amount cumulatively sold through Shopify, doubled from $61.1b before the pandemic to $119.6b a year later. While 2020 growth rates will likely decline in 2021 as normal retail businesses open their doors again, merchandise volumes will continue to grow as thee-commerce market expands. I estimate that Shopify’s GMV will reach $210b for FY 2021 and $340b next year.\n(Source: Shopify)\nShopify’s FY 2020 gross profits also saw rapid growth. Gross profits surged 78% to $1.6b with more growth expected in FY 2021.\n(Source: Shopify)\nTaking on Amazon\nShopify’s merchant platform shows healthy growth in subscriber and merchant revenues and merchant revenues are going to continue to grow in importance as Shopify signs up new partners and develops its apps suite. This is quite predictable.\nLonger term, however, Shopify should emerge as a growing threat to Amazon because of its investments in fulfillment centers. Entering the physical space is the next step in Shopify’s evolution and Amazon should be worried. Amazon is still the largeste-commerce platform, by far, but Shopify’s move into fulfillment centers is set to narrow this existing gap between the two companies. Amazon’s share of US retaile-commerce share is 4.5 times larger than Shopify’s giving Shopify a lot of potential to catch up...\n(Source: Shopify)\nBuilding its own fulfillment centers makes strategic sense for Shopify since it solves problems that a lot of online retailers have. Fulfillment centers, as the same implies, take over the function of fulfillment. This means a merchant that sells on Shopify sends goods to a warehouse and Shopify takes over order processing and shipping in return for a fee. The benefit for the retailer is obvious: Reduced shipping times and optimized inventory management.\nThe benefit for Shopify: It can collect more revenues by controlling the fulfillment part of the sales process. While Shopify will build new fulfillment centers in the US as part of a $1b investment plan, it also provides Shopify with the option to use its US fulfillment network as a springboard to enter markets outside the US and drive its international expansion.\nShopify is cashed up after the pandemic year and has more than enough cash to finance its expansion which in the future will likely include the expansion into international fulfillment markets. Shopify’s balance sheet is healthy enough to support the platform’s growth.\n(Source:Shopify)\nIf Shopify and Amazon were to go toe-to-toe, Amazon would have a distinct advantage… because it is so much bigger than Shopify and because its website is drawing the most traffic as the number onee-commerce platform in the US. Amazon is about ten times bigger than Shopify regarding market value and Amazon has sales that are more than one hundred times larger than Shopify’s… so the battle between these twoe-commerce companies can be seen as a battle between David and Goliath, with Amazon being the Goliath.\nData by YCharts\nBut Shopify is growing its merchant platform fast and operates from a much smaller revenue base, which is easier to scale. Shopify has more than 1.7m merchants signed on to its platform from 175 countries and continually develops news complementary sources of revenues. In its latestproduct news, Shopify announced that it will make its “one-click checkout” available to all merchants selling on Facebook(NASDAQ:FB) and Google(NASDAQ:GOOG)(NASDAQ:GOOGL)using Shop Pay. The integration is set to lower the “abandoned card” problem many retailers have which is customers not completing the checkout process. Shop Pay could provide a remedy to this problem by making the checkout process easier and more efficient.\nRisks\nMargins ine-commerce are very thin and growing competition in the industry will make things worse long term. The easy and relatively low-cost entry into thee-commerce market could also turn out to be a problem longer term. Companies that win ine-commerce are companies like Shopify with their own ecosystems that create a moat and protect against competition. Slowing revenue growth and an overblown valuation may be the two biggest risks for Shopify.\nYou pay for Shopify's growth...\nBy the end of next year Shopify should be a $5b annual revenue company, but the critical revenue milestone could be reached much sooner if Shopify manages to grow as fast as it did during the pandemic. The expectation is for Shopify to earn $4.35-share on revenues of $4.4b in FY 2021 with revenues scaling to ten-fold to $42b this decade. I believe fulfillment centers alone represent a $1b annual revenue opportunity for Shopify long term. Revenues for FY 2022 should also be closer to $6.5b with the consensus calling for revenues of \"only\" $5.9b.\n(Source: Seeking Alpha)\nAmazon still has a big lead on Shopify, but the twoe-commerce companies are set to go toe-to-toe long term. Every new product that Shopify rolls out and every new fulfillment center it builds brings Shopify one step closer to taking Amazon head-on. Although Shopify is more expensive than Amazon on a per-dollar-of-revenue basis, the merchant platform clearly has the stature and ambition to take on Amazon.\nShopify trades at a P-S ratio of 28, but you pay for growth...\nData by YCharts\nFinal thoughts\nShopify has an incredible long-term growth opportunity and Amazon should be worried.\nShopify has proven to be a real innovator in the industry and constantly develops new products that make online shopping easier for both the online retailer and the merchant.\nAlthough Shopify has a much higher P-S ratio than Amazon, Shopify has more potential to grow because of its relatively smaller revenue base and market cap.\nThe fulfillment center strategy makes a lot of strategic sense and will fortify Shopify's position in the e-commerce market. It can also fuel Shopify's international expansion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158771855,"gmtCreate":1625184243277,"gmtModify":1631890133020,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"$60 soon","listText":"$60 soon","text":"$60 soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158771855","repostId":"1124372919","repostType":2,"isVote":1,"tweetType":1,"viewCount":236,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321204026,"gmtCreate":1615435796065,"gmtModify":1703489019220,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Need to monitor further","listText":"Need to monitor further","text":"Need to monitor further","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321204026","repostId":"2118960545","repostType":4,"repost":{"id":"2118960545","pubTimestamp":1615418755,"share":"https://www.laohu8.com/m/news/2118960545?lang=&edition=full","pubTime":"2021-03-11 07:25","market":"us","language":"en","title":"Roblox, after winning over kids, becomes hit on Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2118960545","media":"The Straits Times","summary":"SAN FRANCISCO (AFP) - The Roblox game world that has won over children around the world and became a","content":"<div>\n<p>SAN FRANCISCO (AFP) - The Roblox game world that has won over children around the world and became a pandemic hit scored big on Wall Street on Wednesday (March 10), as newly-listed shares surged.\nThe ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/roblox-after-winning-over-kids-becomes-hit-on-wall-street\">Web Link</a>\n\n</div>\n","source":"straits_highlight","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>Roblox, after winning over kids, becomes hit on Wall Street</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\">\nRoblox, after winning over kids, becomes hit on Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-11 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/roblox-after-winning-over-kids-becomes-hit-on-wall-street><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAN FRANCISCO (AFP) - The Roblox game world that has won over children around the world and became a pandemic hit scored big on Wall Street on Wednesday (March 10), as newly-listed shares surged.\nThe ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/roblox-after-winning-over-kids-becomes-hit-on-wall-street\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"source_url":"http://www.straitstimes.com/business/companies-markets/roblox-after-winning-over-kids-becomes-hit-on-wall-street","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118960545","content_text":"SAN FRANCISCO (AFP) - The Roblox game world that has won over children around the world and became a pandemic hit scored big on Wall Street on Wednesday (March 10), as newly-listed shares surged.\nThe company's shares listed under the symbol RBLX on the New York Stock Exchange closed the trading day up 54 per cent to US$69.50, from a reference price of US$45 as part of so-called direct listing.\nThat gave the gaming platform and pandemic star a valuation of some US$40 billion (S$53.75 billion).\n\"We are deeply humbled by the overwhelming support for @Roblox and our public offering today,\" co-founder and chief executive David \"Builderman\" Baszucki said in a tweet.\n\"We recognise the potential ahead of us: to build the platform where billions of people come together to learn, work, and play.\"\nWith its Lego-like avatars and easy-to-learn coding for budding programmers, the online gaming app has become a thriving clubhouse for young gamers, most of them no older than 16.\nBy late last year, more than 31 million users daily were diving into Roblox on mobile, desktop, or console devices and cumulatively spending billions of hours there, according to the Silicon Valley based company.\n\"In an incredibly challenging year, Roblox became a crucial place for people to come together,\" Mr Baszucki said in a blog post.\nEvents that moved to Roblox virtual environs included birthday parties, get-togethers, graduation ceremonies, and company meetings.\nKids log on to the mobile app after school to guide their avatars through obstacle courses full of pitfalls, escape from jail, dive into a treasure hunt or even to build their own adventure park Big name brands and musicians have also taken to Roblox and its vision of a \"metaverse\" online world where people can freely express themselves.\nWarner Brothers and DC created a Wonder Woman game on Roblox to promote a new film with that super hero.\nUS Rapper Lil Nas X, staged a concert experience there, Mr Baszucki noted.\n\"And we're just scratching the surface,\" Mr Baszucki said.\n\"We see a future where tens of thousands of people can gather in a single instance to join a virtual business conference, attend a movie premiere, or watch their favorite artists perform live.\"\nGoing Direct\nBy opting to go public as a direct listing, like companies such as Spotify, Slack and Palantir have done, Roblox did not issue new shares on the exchange and therefore did not raise capital.\nInstead existing shareholders - such as founders, employees and initial investors - will be able to sell their portions on the market.\nThe platform allows users to create their own video games and gives them a share of related revenue.\nIt counted close to 33 million daily players in 2020, and revenue soared 82 per cent to US$924 million.\nBut the company founded in 2004 has yet to post a profit, due to the expenses on tech infrastructure, data protection and paying game makers.\nRoblox said it hired nearly 400 new employees in 2020, growing to 979 people, and that it bought an artificial intelligence startup with technology that can help it make avatars and scenes more realistic looking.\n\"Our vision has always been to simulate the physical world, both visually as well as physically,\" Mr Baszucki said.\nRoblox is available in over 180 countries and 11 different languages, growing fastest outside of North America, according to Mr Baszucki.\nCombining social networking and fresh supplies of new games has proven an addictive formula for children, but it will likely be years before Roblox turns profitable, according to analyst Boris Schlossberg of 60SecondInvestor.com.\n\"With Covid risk now starting to recede and the world returning to more physical activities can Roblox hold on to its base of users and expand into new markets beyond gaming?\" Mr Schlossberg asked rhetorically.\n\"The company has been the star of the pandemic and investors are hoping that like a supernova it will continue to shine for many years forward.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150441949,"gmtCreate":1624925821181,"gmtModify":1631890133025,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"Vested","listText":"Vested","text":"Vested","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/150441949","repostId":"1198714523","repostType":2,"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108101262,"gmtCreate":1620003078256,"gmtModify":1634208653170,"author":{"id":"3578294438049176","authorId":"3578294438049176","name":"Chiweii","avatar":"https://static.tigerbbs.com/9ed497eb3975346d456bf812a41f2279","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578294438049176","idStr":"3578294438049176"},"themes":[],"htmlText":"The gurus of value investing","listText":"The gurus of value investing","text":"The gurus of value investing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/108101262","repostId":"1103106179","repostType":4,"repost":{"id":"1103106179","pubTimestamp":1619917622,"share":"https://www.laohu8.com/m/news/1103106179?lang=&edition=full","pubTime":"2021-05-02 09:07","market":"us","language":"en","title":"Berkshire Hathaway Annual Meeting 2021: Highlights and storylines","url":"https://stock-news.laohu8.com/highlight/detail?id=1103106179","media":"Tiger Newspress","summary":"Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world","content":"<p>Emily McCormick·ReporterSun, May 2, 2021, 5:03 AM</p><p>Warren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.</p><p><a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16196040827650&quot;}\" target=\"_blank\"><b>Playback Live Here！</b></a></p><p>In an hours-long event, the investing legend fielded questions on Berkshire's business and investment decisions,offered advice for first-time investorsand touted the strength of American corporations in a characteristically optimistic tone.Buffett nodded to the Federal Reserveand Congress for their swift response to the COVID-19 crisis, and underscored the rebound in the U.S. economy. And the Oracle of Omaha also addressed the recent rise in retail trading andonline brokerage firmslike Robinhood,the rally in bitcoinand the boom in SPAC mergers.</p><p>In many ways, this year's meeting looked different from those in the past. The annual event took placein a hotel conference room in Los Angelesrather than in an arena in Omaha, Nebraska, due to the ongoing pandemic.</p><p>Buffett's long-time business partner Charlie Munger also returned onstage this year to co-lead the event, after sitting out last year because of the pandemic. And in a new move, Buffett and Munger were joined by Berkshire's Vice Chairmen Gregory Abel and Ajit Jain,in a signal of potential succession plans at the company.</p><p>Here were some of the highlights from the event.</p><p>—</p><p>Buffett said Berkshire Hathaway is seeing signs of rising price pressures during the COVID-19 recovery, corroborating many market participants' concerns about increasing inflationary pressures.</p><p>\"We're seeing substantial inflation. We're raising prices, people are raising prices to us. And it's being accepted,\" Buffett said. \"We really do a lot of housing. The costs are just up, up, up. Steel costs. You know, just every day they're going up.\"</p><p>\"It's an economy – really, it's red hot. And we weren't expecting it,\" he added.</p><p>—</p><p>Buffett said trading apps like Robinhoodhave contributed to the \"casino aspect\" of the stock market as of late, exploiting individuals' inclinations to gamble.</p><p>“It’s become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year, year and a half,\" Buffett said of Robinhood. \"There’s nothing, you know, there’s nothing illegal about it, there’s nothing immoral. But I don’t think you’d build a society around people doing it.\"</p><p>\"I think the degree to which a very rich society can reward people who know how to take advantage, essentially, of the gambling instincts of the American public, the worldwide public – it’s not the most admirable part of the accomplishment,\" Buffett added. \"But I think what America has accomplished is pretty admirable overall. And I think actually American corporations have turned out to be a wonderful place for people to put their money and save. But they also make terrific gambling chips, and if you cater to those gambling chips when people have money in their pocket for the first time and you tell them take my 30 or 40 or 50 trades a day and you’re not charging commission ... I hope we don’t have more of it.”</p><p>—</p><p>Buffett explained that Berkshire's move to unload many of its bank shares last year was not due to a lack of confidence in the banking industry, but more a decision to re-balance the portfolio and avoid being too heavily tilted toward one area.</p><p>\"I like banks generally, I just didn't like the proportion compared to the possible risk,\" Buffett said. \"We were over 10% of Bank of America. It's a real pain in the neck, more to the banks than us.\"</p><p>Berkshire held 1,032,952,006 shares of Bank of America as of the end of 2020, after adding 85.1 million shares in the third quarter alone. This gave Berkshire Hathaway an ownership stake of 11.9%. Berkshire cut its holdings of Wells Fargo from 345.7 million shares at year-end 2019 to 52.4 million by year-end 2020, and completely exited its holdings in JPMorgan Chase (JPM) and M&amp;T Bank Corp (MTB).</p><p>\"The banking business is way better than it was in the United States 10 or 15 years ago,\" he added. \"The banking business around the world in various places might worry me, but our banks are in far, far better shape than 10 or 15 years ago.\"</p><p>—</p><p>A shareholder asked Jain, who leads Berkshire's insurance business, whether he would be hypothetically willing to write an insurance policy for SpaceX founder Elon Musk for his proposed colonization of Mars.</p><p>\"This is an easy one. No thank you, I’ll pass,\" Jain said.</p><p>“Well I would say it would depend on the premium,” Buffett interjected with a laugh. \"And I would say that I would probably have a somewhat different rate if Elon was on board or not on board. It makes a difference if someone is asking to insure something.”</p><p>—</p><p>Warren Buffett declined to directly offer an opinion in response to a question on bitcoin, an assethe previously likened to \"rat poison squared.\"</p><p>\"I knew there’d be a question on bitcoin or crypto and I thought to myself well, I watch these politicians dodge questions all the time … The truth is, I’m going to dodge that question,\" Buffett said. \"Because the truth is, we’ve probably got hundreds of thousands of people that are watching this that own bitcoin. And we’ve probably got two people that are short. So we’ve got a choice of making 400,000 people mad at us and unhappy, and making two people happy. And it’s just a dumb equation.\"</p><p>Munger, however, issued a more direct attack.</p><p>\"Those who know me well are just waving the red flag at the bull. Of course I hate the bitcoin success,\" he said. \"And I don’t welcome a currency that’s so useful kidnappers and extortionists and so forth. Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.\"</p><p>—</p><p>Both Buffett and Munger issued strong words of support for share repurchases, especially after Berkshire reported repurchasing an additional $6.6 billion in stock in the first three months of 2021.</p><p>\"They're a way, essentially, of distributing the cash to the people that want the cash when other co-owners mostly want you to reinvest,\" Buffett said. \"It's a savings vehicle.\"</p><p>\"I find it almost impossible to believe some of the arguments that are made that it's terrible to repurchase shares from a partner if they want to get out of something, and you're able to do it at prices that are advantages to the people that are staying,\" Buffett said. \"And it helps slightly the person that wants out.\"</p><p>Munger offered a similar view.</p><p>\"You're repurchasing stock. Just a bullet higher, it's deeply immoral,\" Munger said. \"But if you're repurchasing stock because it's a fair thing to do in the interest of your existing shareholders, it's a highly moral act and the people who are criticizing it are bonkers.\"</p><p>—</p><p>Low interest rates have catalyzed a surge in valuations across equities, giving those who invest in the markets an opportunity to create wealth, Munger said during the Berkshire Hathaway question and answer segment.</p><p>\"I think one consequence of this present situation is, Bernie Sanders has basically won,\" Munger says. \"Because with everything boomed out so high and interest rates so low, what's going to happen is, the millennial generation is going to have a hell of a time getting rich compared to our generation ... He did it by accident, but he won.\"</p><p>\"And so the difference between the difference between the rich and the poor in the generation that's rising is going to be a lot less,\" he added. \"So Bernie has won.\"</p><p>—</p><p>Buffett received a question around special purpose acquisition companies, or blank-check companies, which have become a hugely popular means for firms to go public over the past year.</p><p>\"The SPACs generally have to spend their money in two years, as I understand it. If you have to buy a business in two years, you put a gun to my head and said you've got to buy a business in two years, I'd buy one but it wouldn't be much of one,\" Buffett.</p><p>\"If you're running money from somebody else and you get a fee and you get the upside and you don't have the downside, you're going to buy something,\" he added. \"And frankly we're not competitive with that.\"</p><p>\"It's an exaggerated version of what we've seen in kind of a gambling-type market,\" he added.</p><p>—</p><p>Buffett conceded that selling some of Apple's stock in 2020 was \"probably a mistake,\" with shares rising even further this year following the tech-led 2020 in the markets.</p><p>\"The brand and the product — it's an incredible product,\" Buffett said of Apple. \"It is indispensable to people.\"</p><p>\"I sold some stock last year, although our shareholders still saw their shares go up because we repurchased shares,\" he added. \"But that was probably a mistake.\"</p><p>Berkshire owned 907,559,761 shares of Appleas of the end of December for a total market value of $120.4 billion. By contrast, the firm spent just $31 billion accumulating this stake since late 2016.</p><p>—</p><p>A shareholder directed a question to Ajit Jain and Greg Abel asking about the relationship the two likely next leaders of Berkshire Hathaway have with one another, given how iconic the relationship between Warren Buffett and Charlie Munger has been over the course of the company's history.</p><p>\"There's no question the relationship Warren has with Charlie is unique,\" Jain said. \"It's not going to be duplicated, certainly not by me and Greg. I can't think of anybody that can duplicate it.\"</p><p>\"I certainly have a lot of respect, both at a professional level and personal level, in terms of what Greg's abilities are,\" Jain added. \"We do not interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective decision.\"</p><p>\"Even though the interaction may be different than say how Warren and Charlie do it ... we make sure we're always following up with each other but it goes beyond that,\" Abel said. \"Ajit has a great understanding of the Berkshire culture. I strongly believe I do too.\"</p><p>—</p><p>One shareholder asked Buffett about Berkshire's decision to invest in the oil and gas industry, and queried whether we might have \"build our own unrealistic consensus on the pace of change\" to clean energy solutions. Buffett defended the company's investment in the industry and in Chevron specifically, whichwas a relatively recent investment for the firm.</p><p>\"I would say that people are on the extremes of both sides are a little nuts. I would hate to have all the hydrocarbons banned in three years,\" Buffett said. \"You wouldn't want a world — it wouldn't work. And on the other hand, what's happening will be adapted to over time just as we've adapted to all kinds of things.\"</p><p>\"We have no problem owning Costco or Walmart and a substantial number of their stores. And they sell cigarettes, it's a big item,\" he added as an analogy. \"It's a very tough situation ... It's a very tough time to decide what companies benefit societies more than others.\"</p><p>\"I don't like making the moral judgments on stocks in terms of actually running the businesses, but there's something about every business that you knew that you wouldn't like,\" he added. \"If you expect perfection in your spouse or in your friends or in companies you're not going to find it.\"</p><p>\"Chevron is not an evil company in the least, and I have no compunction about owning it in the least, about owning Chevron,\" Buffett concluded. \"And if we owned the entire business I would not feel uncomfortable about being in that business.\"</p><p>Answering a subsequent question about the Berkshire board of directors' recommendation to voteagainst reporting climate-related risks, Munger added, \"I don't know we know the answer to all these questions about global warming.\"</p><p>\"The people who ask the questions think they know the answer. We're just more modest.\"</p><p>—</p><p>Most investors would benefit from simply purchasing an S&amp;P 500 index fund over the long run rather than picking individual stocks, even including Berkshire Hathaway, Buffett said during the question-and-answer session Saturday.</p><p>\"I recommend the S&amp;P 500 index fund … I’ve never recommended Berkshire to anybody because I don’t want people to buy it because they think I’m tipping them into something,\" he said. \"On my death there's a fund for my then-widow and 90% will go into an S&amp;P 500 index fund.\"</p><p>\"I do not think the average person can pick stocks,\" he added. \"We happen to have a large group of people that didn't pick stocks but they picked Charlie and me to manage money for them 50, 60 years ago. So we have a very unusual group of shareholders I think who look at Berkshire as a lifetime savings vehicle and one that they don’t have to think about and one that they'll, you know, they don't look at it again for 10 to 20 years.\"</p><p>Charlie Munger, on the other hand, had a different perspective.</p><p>\"I personally prefer holding Berkshire to holding the market,\" he said in response to the same question. \"I’m quite comfortable holding Berkshire. I think our businesses are better than the average in the market.\"</p><p>—</p><p>Buffett reiterated a staunchly supportive stance of U.S. corporations and capitalism in his opening remarks, highlighting that five of the six largest companies in the world by market capitalization currently comprise domestic companies. Those five companies are Apple, Microsoft, Amazon, Alphabet and Facebook, with only Saudi Aramco of Saudi Arabia coming in as a non-U.S. mega-cap company in the top six.</p><p>But only a couple hundred years ago, the U.S. looked like the underdog.</p><p>\"In 1790 we had one-half of 1% of the world's population,\" Buffett said. \"600,000 of them were slaves. Ireland had more people than the United States had. Russia had five times as many people. Ukraine had twice as many people.\"</p><p>\"But here we were. What did we have? We had a map for the future, an aspirational map that somehow now only 232 years later, leaves us with five of the top six companies in the world,\" he said. \"It's not an accident. And it's not because we were way smarter, way stronger or anything of the sort. We had good soil, decent climate, but so did some of the other countries I named. This system has worked very well.\"</p><p>—</p><p>In opening remarks at the start of Berkshire Hathaway's annual shareholder meeting, Buffett credited the U.S. economic recovery from the COVID-19 crisis toswift action by the Federal Reserve and Congress.</p><p>\"The economy went off a cliff in March. It was resurrected in an extraordinarily effective way by Federal Reserve action and later on the fiscal front by Congress,\" Buffett said in opening remarks at Berkshire's annual shareholder meeting.\"</p><p>He added that Berkshire Hathaway's own business has picked up tremendously alongside the broader economy, and suggested businesses like airlines were still among those most deeply affected by lingering effects from the pandemic.</p><p>\"Our businesses have done really quite well. This has been a very, very, very unusual recession in that it's been localized ... to an extraordinary extent. Right now business is really very good in a great many segments of the economy,\" he added. \"But there's still problems if you're in a few types of businesses that have been decimated such as international air travel or something of the sort.\"</p><p>—</p><p>The CEO of See's Candies, one of the longstanding companies owned by Berkshire Hathaway, told Yahoo Finance that the companyhas seen a strong rebound at the start of 2021. However, last year, business virtually ground to a halt.</p><p>\"This has been the longest decade of my life. We've been through a lot. Last year – it's a tale of a couple of different quarters. The first quarter was tremendous,\" See's Candies CEO Pat Egan said in an interview with Yahoo Finance's Julia La Roche ahead of the start of Berkshire's annual shareholder meeting. \"In the middle of March, when this [pandemic] really hit, we shut down all of our stores in a span of five days. So about 245 stores we closed in a matter of days. And then about a week and a half later, we closed our e-commerce fulfillment center down in Southern California. So for a period of time there, we essentially completely stopped.\"</p><p>\"We just said, we're not going to reopen stores or reopen plants until we can create a safe operating environment for our employees,\" he added. \"That took a while, and by the time we restored over the summer we saw customers coming back in. But for that period of time, it was pretty rough.\"</p><p>See's Candies just completed its \"best first quarter ever\" at the start of 2021, Egan added.</p><p>—</p><p>Berkshire Hathawayreported first-quarter results Saturday morning, underscoring arebound in profits across the firm's businesses amid the COVID-19 recovery. Berkshire also reported that it conducted another $6.6 billion of stock buybacks, extending its ramped-up share repurchase program from 2020.</p><p>Operating income during the first three months of the year increased to $7.02 billion, rising 19.5% compared to the $5.87 billion posted in the first quarter of 2020. Net earnings attributable to Berkshire shareholders swung back to a profit of $11.71 billion, compared to a loss of $49.75 billion in the same quarter last year.</p><p>Consolidated shareholders' equity rose by $4.8 billion to $448 billion by the end of March compared to the fourth quarter of 2020.</p><p><a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16196040827650&quot;}\" target=\"_blank\">If you want to watch the full live video, please click here.</a></p>","source":"yahoofinance_sg","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>Berkshire Hathaway Annual Meeting 2021: Highlights and storylines</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway Annual Meeting 2021: Highlights and storylines\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-02 09:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50><strong>Tiger Newspress</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.Playback Live Here！In an hours-...</p>\n\n<a href=\"https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔"},"source_url":"https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103106179","content_text":"Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.Playback Live Here！In an hours-long event, the investing legend fielded questions on Berkshire's business and investment decisions,offered advice for first-time investorsand touted the strength of American corporations in a characteristically optimistic tone.Buffett nodded to the Federal Reserveand Congress for their swift response to the COVID-19 crisis, and underscored the rebound in the U.S. economy. And the Oracle of Omaha also addressed the recent rise in retail trading andonline brokerage firmslike Robinhood,the rally in bitcoinand the boom in SPAC mergers.In many ways, this year's meeting looked different from those in the past. The annual event took placein a hotel conference room in Los Angelesrather than in an arena in Omaha, Nebraska, due to the ongoing pandemic.Buffett's long-time business partner Charlie Munger also returned onstage this year to co-lead the event, after sitting out last year because of the pandemic. And in a new move, Buffett and Munger were joined by Berkshire's Vice Chairmen Gregory Abel and Ajit Jain,in a signal of potential succession plans at the company.Here were some of the highlights from the event.—Buffett said Berkshire Hathaway is seeing signs of rising price pressures during the COVID-19 recovery, corroborating many market participants' concerns about increasing inflationary pressures.\"We're seeing substantial inflation. We're raising prices, people are raising prices to us. And it's being accepted,\" Buffett said. \"We really do a lot of housing. The costs are just up, up, up. Steel costs. You know, just every day they're going up.\"\"It's an economy – really, it's red hot. And we weren't expecting it,\" he added.—Buffett said trading apps like Robinhoodhave contributed to the \"casino aspect\" of the stock market as of late, exploiting individuals' inclinations to gamble.“It’s become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year, year and a half,\" Buffett said of Robinhood. \"There’s nothing, you know, there’s nothing illegal about it, there’s nothing immoral. But I don’t think you’d build a society around people doing it.\"\"I think the degree to which a very rich society can reward people who know how to take advantage, essentially, of the gambling instincts of the American public, the worldwide public – it’s not the most admirable part of the accomplishment,\" Buffett added. \"But I think what America has accomplished is pretty admirable overall. And I think actually American corporations have turned out to be a wonderful place for people to put their money and save. But they also make terrific gambling chips, and if you cater to those gambling chips when people have money in their pocket for the first time and you tell them take my 30 or 40 or 50 trades a day and you’re not charging commission ... I hope we don’t have more of it.”—Buffett explained that Berkshire's move to unload many of its bank shares last year was not due to a lack of confidence in the banking industry, but more a decision to re-balance the portfolio and avoid being too heavily tilted toward one area.\"I like banks generally, I just didn't like the proportion compared to the possible risk,\" Buffett said. \"We were over 10% of Bank of America. It's a real pain in the neck, more to the banks than us.\"Berkshire held 1,032,952,006 shares of Bank of America as of the end of 2020, after adding 85.1 million shares in the third quarter alone. This gave Berkshire Hathaway an ownership stake of 11.9%. Berkshire cut its holdings of Wells Fargo from 345.7 million shares at year-end 2019 to 52.4 million by year-end 2020, and completely exited its holdings in JPMorgan Chase (JPM) and M&T Bank Corp (MTB).\"The banking business is way better than it was in the United States 10 or 15 years ago,\" he added. \"The banking business around the world in various places might worry me, but our banks are in far, far better shape than 10 or 15 years ago.\"—A shareholder asked Jain, who leads Berkshire's insurance business, whether he would be hypothetically willing to write an insurance policy for SpaceX founder Elon Musk for his proposed colonization of Mars.\"This is an easy one. No thank you, I’ll pass,\" Jain said.“Well I would say it would depend on the premium,” Buffett interjected with a laugh. \"And I would say that I would probably have a somewhat different rate if Elon was on board or not on board. It makes a difference if someone is asking to insure something.”—Warren Buffett declined to directly offer an opinion in response to a question on bitcoin, an assethe previously likened to \"rat poison squared.\"\"I knew there’d be a question on bitcoin or crypto and I thought to myself well, I watch these politicians dodge questions all the time … The truth is, I’m going to dodge that question,\" Buffett said. \"Because the truth is, we’ve probably got hundreds of thousands of people that are watching this that own bitcoin. And we’ve probably got two people that are short. So we’ve got a choice of making 400,000 people mad at us and unhappy, and making two people happy. And it’s just a dumb equation.\"Munger, however, issued a more direct attack.\"Those who know me well are just waving the red flag at the bull. Of course I hate the bitcoin success,\" he said. \"And I don’t welcome a currency that’s so useful kidnappers and extortionists and so forth. Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.\"—Both Buffett and Munger issued strong words of support for share repurchases, especially after Berkshire reported repurchasing an additional $6.6 billion in stock in the first three months of 2021.\"They're a way, essentially, of distributing the cash to the people that want the cash when other co-owners mostly want you to reinvest,\" Buffett said. \"It's a savings vehicle.\"\"I find it almost impossible to believe some of the arguments that are made that it's terrible to repurchase shares from a partner if they want to get out of something, and you're able to do it at prices that are advantages to the people that are staying,\" Buffett said. \"And it helps slightly the person that wants out.\"Munger offered a similar view.\"You're repurchasing stock. Just a bullet higher, it's deeply immoral,\" Munger said. \"But if you're repurchasing stock because it's a fair thing to do in the interest of your existing shareholders, it's a highly moral act and the people who are criticizing it are bonkers.\"—Low interest rates have catalyzed a surge in valuations across equities, giving those who invest in the markets an opportunity to create wealth, Munger said during the Berkshire Hathaway question and answer segment.\"I think one consequence of this present situation is, Bernie Sanders has basically won,\" Munger says. \"Because with everything boomed out so high and interest rates so low, what's going to happen is, the millennial generation is going to have a hell of a time getting rich compared to our generation ... He did it by accident, but he won.\"\"And so the difference between the difference between the rich and the poor in the generation that's rising is going to be a lot less,\" he added. \"So Bernie has won.\"—Buffett received a question around special purpose acquisition companies, or blank-check companies, which have become a hugely popular means for firms to go public over the past year.\"The SPACs generally have to spend their money in two years, as I understand it. If you have to buy a business in two years, you put a gun to my head and said you've got to buy a business in two years, I'd buy one but it wouldn't be much of one,\" Buffett.\"If you're running money from somebody else and you get a fee and you get the upside and you don't have the downside, you're going to buy something,\" he added. \"And frankly we're not competitive with that.\"\"It's an exaggerated version of what we've seen in kind of a gambling-type market,\" he added.—Buffett conceded that selling some of Apple's stock in 2020 was \"probably a mistake,\" with shares rising even further this year following the tech-led 2020 in the markets.\"The brand and the product — it's an incredible product,\" Buffett said of Apple. \"It is indispensable to people.\"\"I sold some stock last year, although our shareholders still saw their shares go up because we repurchased shares,\" he added. \"But that was probably a mistake.\"Berkshire owned 907,559,761 shares of Appleas of the end of December for a total market value of $120.4 billion. By contrast, the firm spent just $31 billion accumulating this stake since late 2016.—A shareholder directed a question to Ajit Jain and Greg Abel asking about the relationship the two likely next leaders of Berkshire Hathaway have with one another, given how iconic the relationship between Warren Buffett and Charlie Munger has been over the course of the company's history.\"There's no question the relationship Warren has with Charlie is unique,\" Jain said. \"It's not going to be duplicated, certainly not by me and Greg. I can't think of anybody that can duplicate it.\"\"I certainly have a lot of respect, both at a professional level and personal level, in terms of what Greg's abilities are,\" Jain added. \"We do not interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective decision.\"\"Even though the interaction may be different than say how Warren and Charlie do it ... we make sure we're always following up with each other but it goes beyond that,\" Abel said. \"Ajit has a great understanding of the Berkshire culture. I strongly believe I do too.\"—One shareholder asked Buffett about Berkshire's decision to invest in the oil and gas industry, and queried whether we might have \"build our own unrealistic consensus on the pace of change\" to clean energy solutions. Buffett defended the company's investment in the industry and in Chevron specifically, whichwas a relatively recent investment for the firm.\"I would say that people are on the extremes of both sides are a little nuts. I would hate to have all the hydrocarbons banned in three years,\" Buffett said. \"You wouldn't want a world — it wouldn't work. And on the other hand, what's happening will be adapted to over time just as we've adapted to all kinds of things.\"\"We have no problem owning Costco or Walmart and a substantial number of their stores. And they sell cigarettes, it's a big item,\" he added as an analogy. \"It's a very tough situation ... It's a very tough time to decide what companies benefit societies more than others.\"\"I don't like making the moral judgments on stocks in terms of actually running the businesses, but there's something about every business that you knew that you wouldn't like,\" he added. \"If you expect perfection in your spouse or in your friends or in companies you're not going to find it.\"\"Chevron is not an evil company in the least, and I have no compunction about owning it in the least, about owning Chevron,\" Buffett concluded. \"And if we owned the entire business I would not feel uncomfortable about being in that business.\"Answering a subsequent question about the Berkshire board of directors' recommendation to voteagainst reporting climate-related risks, Munger added, \"I don't know we know the answer to all these questions about global warming.\"\"The people who ask the questions think they know the answer. We're just more modest.\"—Most investors would benefit from simply purchasing an S&P 500 index fund over the long run rather than picking individual stocks, even including Berkshire Hathaway, Buffett said during the question-and-answer session Saturday.\"I recommend the S&P 500 index fund … I’ve never recommended Berkshire to anybody because I don’t want people to buy it because they think I’m tipping them into something,\" he said. \"On my death there's a fund for my then-widow and 90% will go into an S&P 500 index fund.\"\"I do not think the average person can pick stocks,\" he added. \"We happen to have a large group of people that didn't pick stocks but they picked Charlie and me to manage money for them 50, 60 years ago. So we have a very unusual group of shareholders I think who look at Berkshire as a lifetime savings vehicle and one that they don’t have to think about and one that they'll, you know, they don't look at it again for 10 to 20 years.\"Charlie Munger, on the other hand, had a different perspective.\"I personally prefer holding Berkshire to holding the market,\" he said in response to the same question. \"I’m quite comfortable holding Berkshire. I think our businesses are better than the average in the market.\"—Buffett reiterated a staunchly supportive stance of U.S. corporations and capitalism in his opening remarks, highlighting that five of the six largest companies in the world by market capitalization currently comprise domestic companies. Those five companies are Apple, Microsoft, Amazon, Alphabet and Facebook, with only Saudi Aramco of Saudi Arabia coming in as a non-U.S. mega-cap company in the top six.But only a couple hundred years ago, the U.S. looked like the underdog.\"In 1790 we had one-half of 1% of the world's population,\" Buffett said. \"600,000 of them were slaves. Ireland had more people than the United States had. Russia had five times as many people. Ukraine had twice as many people.\"\"But here we were. What did we have? We had a map for the future, an aspirational map that somehow now only 232 years later, leaves us with five of the top six companies in the world,\" he said. \"It's not an accident. And it's not because we were way smarter, way stronger or anything of the sort. We had good soil, decent climate, but so did some of the other countries I named. This system has worked very well.\"—In opening remarks at the start of Berkshire Hathaway's annual shareholder meeting, Buffett credited the U.S. economic recovery from the COVID-19 crisis toswift action by the Federal Reserve and Congress.\"The economy went off a cliff in March. It was resurrected in an extraordinarily effective way by Federal Reserve action and later on the fiscal front by Congress,\" Buffett said in opening remarks at Berkshire's annual shareholder meeting.\"He added that Berkshire Hathaway's own business has picked up tremendously alongside the broader economy, and suggested businesses like airlines were still among those most deeply affected by lingering effects from the pandemic.\"Our businesses have done really quite well. This has been a very, very, very unusual recession in that it's been localized ... to an extraordinary extent. Right now business is really very good in a great many segments of the economy,\" he added. \"But there's still problems if you're in a few types of businesses that have been decimated such as international air travel or something of the sort.\"—The CEO of See's Candies, one of the longstanding companies owned by Berkshire Hathaway, told Yahoo Finance that the companyhas seen a strong rebound at the start of 2021. However, last year, business virtually ground to a halt.\"This has been the longest decade of my life. We've been through a lot. Last year – it's a tale of a couple of different quarters. The first quarter was tremendous,\" See's Candies CEO Pat Egan said in an interview with Yahoo Finance's Julia La Roche ahead of the start of Berkshire's annual shareholder meeting. \"In the middle of March, when this [pandemic] really hit, we shut down all of our stores in a span of five days. So about 245 stores we closed in a matter of days. And then about a week and a half later, we closed our e-commerce fulfillment center down in Southern California. So for a period of time there, we essentially completely stopped.\"\"We just said, we're not going to reopen stores or reopen plants until we can create a safe operating environment for our employees,\" he added. \"That took a while, and by the time we restored over the summer we saw customers coming back in. But for that period of time, it was pretty rough.\"See's Candies just completed its \"best first quarter ever\" at the start of 2021, Egan added.—Berkshire Hathawayreported first-quarter results Saturday morning, underscoring arebound in profits across the firm's businesses amid the COVID-19 recovery. Berkshire also reported that it conducted another $6.6 billion of stock buybacks, extending its ramped-up share repurchase program from 2020.Operating income during the first three months of the year increased to $7.02 billion, rising 19.5% compared to the $5.87 billion posted in the first quarter of 2020. Net earnings attributable to Berkshire shareholders swung back to a profit of $11.71 billion, compared to a loss of $49.75 billion in the same quarter last year.Consolidated shareholders' equity rose by $4.8 billion to $448 billion by the end of March compared to the fourth quarter of 2020.If you want to watch the full live video, please click here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}