行走的煤的个人主页 - 老虎社区

行走的煤

行走的煤

暂无个人介绍

IP属地：未知

382关注

5粉丝

0主题

0勋章

2021-06-12

大家来参加老虎7周年活动啊https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZLLG4Q-index.html?invite=ZLLG4Q$S&P 500(.SPX)$

2021-06-11

$Vaxart, Inc(VXRT)$除了 Piper Sandler 目标价 18美金21日还有 Vaccine Forumhttps://finance.yahoo.com/news/vaxart-present-svb-leerink-cyberx-130000119.html

2021-06-10

Like and comment please... Will reply

This robot-run fund thinks GameStop stock will soar in June, and predicts a fall for Tesla and Amazon

2021-05-25

$Facebook(FB)$😏

2021-05-22

Like n comments please

Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021

2021-04-20

$Walt Disney(DIS)$Free share 😆

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3581503134530334","uuid":"3581503134530334","gmtCreate":1618410378128,"gmtModify":1618413916689,"name":"行走的煤","pinyin":"xzdmxingzoudemei","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","hatId":"ca_profile_frame_Lm11L6","hatName":"","vip":1,"status":2,"fanSize":5,"headSize":382,"tweetSize":6,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"228c86a078844d74991fff2b7ab2428d-2","templateUuid":"228c86a078844d74991fff2b7ab2428d","name":"投资总监虎","description":"证券账户累计交易金额达到30万美元","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"80.70%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.01","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"35ec162348d5460f88c959321e554969-2","templateUuid":"35ec162348d5460f88c959321e554969","name":"宗师交易员","description":"证券或期货账户累计交易次数达到100次","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"80.11%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":3,"crmLevelSwitch":1,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":188765524,"gmtCreate":1623462527768,"gmtModify":1634032883573,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581503134530334","authorIdStr":"3581503134530334"},"themes":[],"htmlText":"大家来参加老虎7周年活动啊https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZLLG4Q-index.html?invite=ZLLG4Q<a href=\"https://laohu8.com/S/.SPX\">$S&amp;P 500(.SPX)$</a>","listText":"大家来参加老虎7周年活动啊https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZLLG4Q-index.html?invite=ZLLG4Q<a href=\"https://laohu8.com/S/.SPX\">$S&amp;P 500(.SPX)$</a>","text":"大家来参加老虎7周年活动啊https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZLLG4Q-index.html?invite=ZLLG4Q$S&P 500(.SPX)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/188765524","isVote":1,"tweetType":1,"viewCount":649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":188186349,"gmtCreate":1623424246581,"gmtModify":1631887437355,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581503134530334","authorIdStr":"3581503134530334"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VXRT\">$Vaxart, Inc(VXRT)$</a>除了 Piper Sandler 目标价 18美金21日还有 Vaccine Forumhttps://finance.yahoo.com/news/vaxart-present-svb-leerink-cyberx-130000119.html","listText":"<a href=\"https://laohu8.com/S/VXRT\">$Vaxart, Inc(VXRT)$</a>除了 Piper Sandler 目标价 18美金21日还有 Vaccine Forumhttps://finance.yahoo.com/news/vaxart-present-svb-leerink-cyberx-130000119.html","text":"$Vaxart, Inc(VXRT)$除了 Piper Sandler 目标价 18美金21日还有 Vaccine Forumhttps://finance.yahoo.com/news/vaxart-present-svb-leerink-cyberx-130000119.html","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/188186349","isVote":1,"tweetType":1,"viewCount":1148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":183184870,"gmtCreate":1623315093990,"gmtModify":1634034669808,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581503134530334","authorIdStr":"3581503134530334"},"themes":[],"htmlText":"Like and comment please... Will reply","listText":"Like and comment please... Will reply","text":"Like and comment please... Will reply","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/183184870","repostId":"2142210925","repostType":4,"repost":{"id":"2142210925","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623289980,"share":"https://www.laohu8.com/m/news/2142210925?lang=&edition=full","pubTime":"2021-06-10 09:53","market":"us","language":"en","title":"This robot-run fund thinks GameStop stock will soar in June, and predicts a fall for Tesla and Amazon","url":"https://stock-news.laohu8.com/highlight/detail?id=2142210925","media":"Dow Jones","summary":"Shares in GameStop have already climbed since an artificial-intelligence trading bot added it to the","content":"<p>Shares in GameStop have already climbed since an artificial-intelligence trading bot added it to the AMOM fund on June 2</p>\n<p>An exchange-traded fund driven by artificial intelligence booted Tesla and Amazon from its portfolio in June, instead choosing to load up on shares of companies including Qualcomm, Snap and GameStop.</p>\n<p>The Qraft AI-Enhanced U.S. Large Cap Momentum ETF, trading as AMOM <a href=\"https://laohu8.com/S/AMOM\">$(AMOM)$</a> on the New York Stock Exchange, removed major technology companies from its portfolio this month, as it shifted to favor retailers and other post-pandemic trades.</p>\n<p>Electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> and online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> represented two of the fund's three largest holdings in May, but were completely removed in the latest rebalancing on June 2, along with graphics microchip maker Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>, which was its sixth-largest holding. The artificial-intelligence program controlling the fund believes these stocks will see price declines across the coming month.</p>\n<p>The standout among the stocks added in June was GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, the videogame retailer that epitomized the \"meme stock\" trading frenzy that began in late January.</p>\n<p>This was when a flock of investors, largely organized on social media platform Reddit, helped squeeze hedge funds' short positions on companies including GameStop, cinema chain AMC <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, and tech group BlackBerry (BB.T) earlier this year. The trading frenzy caused multibillion-dollar losses for hedge funds, unbelievable gains for individuals that timed it right, and ushered in a new era of internet-inspired trading.</p>\n<p>GameStop's stock price rose almost 10-fold from Jan. 15 to Jan. 27, from $35 per share to nearly $350. The stock is currently trading around $300 and makes up around 1% of AMOM. And now the AI calling the shots thinks it will move even higher in June, and the shares have already gained more than 6% since the stock was added to the fund for the first time.</p>\n<p>\"Few fund managers would take the risk of adding a meme stock to their portfolios, but Qraft's AI model has no such prejudices,\" said Geeseok Oh, a managing director at Qraft and the head of its Asia-Pacific business.</p>\n<p>The top five stocks by portfolio weight added to AMOM in June include semiconductor group Qualcomm <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a>, Big Tobacco company Philip Morris <a href=\"https://laohu8.com/S/PM\">$(PM)$</a>, social-media player Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a>, medical technology specialists Edwards Lifesciences <a href=\"https://laohu8.com/S/EW\">$(EW)$</a>, and orthodontics group Align Technology <a href=\"https://laohu8.com/S/ALGN\">$(ALGN)$</a>.</p>\n<p>After the fund was rebalanced, AMOM's top five largest holdings by portfolio weight were tech giant <a href=\"https://laohu8.com/S/FB\">Facebook</a> (FB), retailers Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> and Home Depot <a href=\"https://laohu8.com/S/HD\">$(HD)$</a>, software company Adobe <a href=\"https://laohu8.com/S/ADBE\">$(ADBE)$</a>, and semiconductor manufacturing company Texas Instruments <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a>.</p>\n<p>\"This month, AMOM's portfolio appears to be shifting towards post-pandemic trades, a bit more diversified of a portfolio from the previous month's big tech-heavy strategy,\" said Oh.</p>\n<p>AMOM's decision to remove Tesla from its portfolio came after a bullish bet failed to pay off. The fund bought around $1.4 million worth of shares in the electric-vehicle company in May after avoiding the stock for months, and shares in Tesla fell 7% before the AI ditched it from the fund. This mistake with Tesla was a rare occurrence for the robot controlling AMOM, which otherwise has a strong record of predicting moves in the company's share price .</p>\n<p>AMOM has been listed in New York since May 2019, and has delivered total returns of 11% so far in 2021 and 53% in the past year -- outpacing its benchmark, the S&amp;P 500 Momentum index , which has climbed a comparable 26% in the past year.</p>\n<p>AMOM is an actively managed portfolio driven by artificial intelligence, tracking 50 large-cap U.S. stocks and reweighting its holdings each month. It is based on a momentum strategy, with the AI behind its stock picks capitalizing on the movements of existing market trends to inform the decision to add, remove, or reweight holdings. The artificial intelligence scans the market and uses its predictive power to analyze a wide set of patterns that show stock-market momentum.</p>\n<p>The fund is a product of Qraft, a Seoul, South Korea-based fintech group leveraging AI across its investment products, which include three other AI-picked versions of major indexes: a U.S. large cap index <a href=\"https://laohu8.com/S/QRFT\">$(QRFT)$</a>; a U.S. large cap dividend index <a href=\"https://laohu8.com/S/HDIV.UK\">$(HDIV.UK)$</a>; and a U.S. value index <a href=\"https://laohu8.com/S/NVQ\">$(NVQ)$</a>.</p>\n<p>The entrance of AI-run funds onto Wall Street promised a new high-tech future for investing, though it hasn't quite lived up to the hype yet. Theoretically, researchers have shown that AI investing strategies can beat the market by up to 40% on an annualized basis , when tested against historical data.</p>\n<p>But Vasant Dhar, a professor at New York University's Stern School of Business and the founder of machine-learning-based hedge fund SCT Capital Management, argued on MarketWatch in June 2020 that AI-run funds won't \"crack\" the code of the stock market.</p>\n<p>Advocating caution, Dhar said that it was difficult for funds underpinned by machine learning to maintain a sustainable edge over markets, which have \"a nonstationary and adversarial nature.\" He advised investors considering an AI system to ask tough questions, including how likely it is that the AI's \"edge\" will persist into the future, and what the inherent uncertainties and range of performance outcomes for the fund are.</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>This robot-run fund thinks GameStop stock will soar in June, and predicts a fall for Tesla and Amazon</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\">\nThis robot-run fund thinks GameStop stock will soar in June, and predicts a fall for Tesla and Amazon\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/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-10 09:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares in GameStop have already climbed since an artificial-intelligence trading bot added it to the AMOM fund on June 2</p>\n<p>An exchange-traded fund driven by artificial intelligence booted Tesla and Amazon from its portfolio in June, instead choosing to load up on shares of companies including Qualcomm, Snap and GameStop.</p>\n<p>The Qraft AI-Enhanced U.S. Large Cap Momentum ETF, trading as AMOM <a href=\"https://laohu8.com/S/AMOM\">$(AMOM)$</a> on the New York Stock Exchange, removed major technology companies from its portfolio this month, as it shifted to favor retailers and other post-pandemic trades.</p>\n<p>Electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> and online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> represented two of the fund's three largest holdings in May, but were completely removed in the latest rebalancing on June 2, along with graphics microchip maker Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>, which was its sixth-largest holding. The artificial-intelligence program controlling the fund believes these stocks will see price declines across the coming month.</p>\n<p>The standout among the stocks added in June was GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, the videogame retailer that epitomized the \"meme stock\" trading frenzy that began in late January.</p>\n<p>This was when a flock of investors, largely organized on social media platform Reddit, helped squeeze hedge funds' short positions on companies including GameStop, cinema chain AMC <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, and tech group BlackBerry (BB.T) earlier this year. The trading frenzy caused multibillion-dollar losses for hedge funds, unbelievable gains for individuals that timed it right, and ushered in a new era of internet-inspired trading.</p>\n<p>GameStop's stock price rose almost 10-fold from Jan. 15 to Jan. 27, from $35 per share to nearly $350. The stock is currently trading around $300 and makes up around 1% of AMOM. And now the AI calling the shots thinks it will move even higher in June, and the shares have already gained more than 6% since the stock was added to the fund for the first time.</p>\n<p>\"Few fund managers would take the risk of adding a meme stock to their portfolios, but Qraft's AI model has no such prejudices,\" said Geeseok Oh, a managing director at Qraft and the head of its Asia-Pacific business.</p>\n<p>The top five stocks by portfolio weight added to AMOM in June include semiconductor group Qualcomm <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a>, Big Tobacco company Philip Morris <a href=\"https://laohu8.com/S/PM\">$(PM)$</a>, social-media player Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a>, medical technology specialists Edwards Lifesciences <a href=\"https://laohu8.com/S/EW\">$(EW)$</a>, and orthodontics group Align Technology <a href=\"https://laohu8.com/S/ALGN\">$(ALGN)$</a>.</p>\n<p>After the fund was rebalanced, AMOM's top five largest holdings by portfolio weight were tech giant <a href=\"https://laohu8.com/S/FB\">Facebook</a> (FB), retailers Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> and Home Depot <a href=\"https://laohu8.com/S/HD\">$(HD)$</a>, software company Adobe <a href=\"https://laohu8.com/S/ADBE\">$(ADBE)$</a>, and semiconductor manufacturing company Texas Instruments <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a>.</p>\n<p>\"This month, AMOM's portfolio appears to be shifting towards post-pandemic trades, a bit more diversified of a portfolio from the previous month's big tech-heavy strategy,\" said Oh.</p>\n<p>AMOM's decision to remove Tesla from its portfolio came after a bullish bet failed to pay off. The fund bought around $1.4 million worth of shares in the electric-vehicle company in May after avoiding the stock for months, and shares in Tesla fell 7% before the AI ditched it from the fund. This mistake with Tesla was a rare occurrence for the robot controlling AMOM, which otherwise has a strong record of predicting moves in the company's share price .</p>\n<p>AMOM has been listed in New York since May 2019, and has delivered total returns of 11% so far in 2021 and 53% in the past year -- outpacing its benchmark, the S&amp;P 500 Momentum index , which has climbed a comparable 26% in the past year.</p>\n<p>AMOM is an actively managed portfolio driven by artificial intelligence, tracking 50 large-cap U.S. stocks and reweighting its holdings each month. It is based on a momentum strategy, with the AI behind its stock picks capitalizing on the movements of existing market trends to inform the decision to add, remove, or reweight holdings. The artificial intelligence scans the market and uses its predictive power to analyze a wide set of patterns that show stock-market momentum.</p>\n<p>The fund is a product of Qraft, a Seoul, South Korea-based fintech group leveraging AI across its investment products, which include three other AI-picked versions of major indexes: a U.S. large cap index <a href=\"https://laohu8.com/S/QRFT\">$(QRFT)$</a>; a U.S. large cap dividend index <a href=\"https://laohu8.com/S/HDIV.UK\">$(HDIV.UK)$</a>; and a U.S. value index <a href=\"https://laohu8.com/S/NVQ\">$(NVQ)$</a>.</p>\n<p>The entrance of AI-run funds onto Wall Street promised a new high-tech future for investing, though it hasn't quite lived up to the hype yet. Theoretically, researchers have shown that AI investing strategies can beat the market by up to 40% on an annualized basis , when tested against historical data.</p>\n<p>But Vasant Dhar, a professor at New York University's Stern School of Business and the founder of machine-learning-based hedge fund SCT Capital Management, argued on MarketWatch in June 2020 that AI-run funds won't \"crack\" the code of the stock market.</p>\n<p>Advocating caution, Dhar said that it was difficult for funds underpinned by machine learning to maintain a sustainable edge over markets, which have \"a nonstationary and adversarial nature.\" He advised investors considering an AI system to ask tough questions, including how likely it is that the AI's \"edge\" will persist into the future, and what the inherent uncertainties and range of performance outcomes for the fund are.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TXN":"德州仪器","GME":"游戏驿站","AMZN":"亚马逊","AMOM":"QRAFT AI-Enhanced U.S. Large Cap Momentum ETF","TSLA":"特斯拉","09086":"华夏纳指-U","EW":"爱德华兹","WMT":"沃尔玛","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数","QCOM":"高通","HD":"家得宝","SNAP":"Snap Inc","NVDA":"英伟达","PM":"菲利普莫里斯","ALGN":"艾利科技","ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142210925","content_text":"Shares in GameStop have already climbed since an artificial-intelligence trading bot added it to the AMOM fund on June 2\nAn exchange-traded fund driven by artificial intelligence booted Tesla and Amazon from its portfolio in June, instead choosing to load up on shares of companies including Qualcomm, Snap and GameStop.\nThe Qraft AI-Enhanced U.S. Large Cap Momentum ETF, trading as AMOM $(AMOM)$ on the New York Stock Exchange, removed major technology companies from its portfolio this month, as it shifted to favor retailers and other post-pandemic trades.\nElectric-car maker Tesla $(TSLA)$ and online retailer Amazon $(AMZN)$ represented two of the fund's three largest holdings in May, but were completely removed in the latest rebalancing on June 2, along with graphics microchip maker Nvidia $(NVDA)$, which was its sixth-largest holding. The artificial-intelligence program controlling the fund believes these stocks will see price declines across the coming month.\nThe standout among the stocks added in June was GameStop $(GME)$, the videogame retailer that epitomized the \"meme stock\" trading frenzy that began in late January.\nThis was when a flock of investors, largely organized on social media platform Reddit, helped squeeze hedge funds' short positions on companies including GameStop, cinema chain AMC $(AMC)$, and tech group BlackBerry (BB.T) earlier this year. The trading frenzy caused multibillion-dollar losses for hedge funds, unbelievable gains for individuals that timed it right, and ushered in a new era of internet-inspired trading.\nGameStop's stock price rose almost 10-fold from Jan. 15 to Jan. 27, from $35 per share to nearly $350. The stock is currently trading around $300 and makes up around 1% of AMOM. And now the AI calling the shots thinks it will move even higher in June, and the shares have already gained more than 6% since the stock was added to the fund for the first time.\n\"Few fund managers would take the risk of adding a meme stock to their portfolios, but Qraft's AI model has no such prejudices,\" said Geeseok Oh, a managing director at Qraft and the head of its Asia-Pacific business.\nThe top five stocks by portfolio weight added to AMOM in June include semiconductor group Qualcomm $(QCOM)$, Big Tobacco company Philip Morris $(PM)$, social-media player Snap $(SNAP)$, medical technology specialists Edwards Lifesciences $(EW)$, and orthodontics group Align Technology $(ALGN)$.\nAfter the fund was rebalanced, AMOM's top five largest holdings by portfolio weight were tech giant Facebook (FB), retailers Walmart $(WMT)$ and Home Depot $(HD)$, software company Adobe $(ADBE)$, and semiconductor manufacturing company Texas Instruments $(TXN)$.\n\"This month, AMOM's portfolio appears to be shifting towards post-pandemic trades, a bit more diversified of a portfolio from the previous month's big tech-heavy strategy,\" said Oh.\nAMOM's decision to remove Tesla from its portfolio came after a bullish bet failed to pay off. The fund bought around $1.4 million worth of shares in the electric-vehicle company in May after avoiding the stock for months, and shares in Tesla fell 7% before the AI ditched it from the fund. This mistake with Tesla was a rare occurrence for the robot controlling AMOM, which otherwise has a strong record of predicting moves in the company's share price .\nAMOM has been listed in New York since May 2019, and has delivered total returns of 11% so far in 2021 and 53% in the past year -- outpacing its benchmark, the S&P 500 Momentum index , which has climbed a comparable 26% in the past year.\nAMOM is an actively managed portfolio driven by artificial intelligence, tracking 50 large-cap U.S. stocks and reweighting its holdings each month. It is based on a momentum strategy, with the AI behind its stock picks capitalizing on the movements of existing market trends to inform the decision to add, remove, or reweight holdings. The artificial intelligence scans the market and uses its predictive power to analyze a wide set of patterns that show stock-market momentum.\nThe fund is a product of Qraft, a Seoul, South Korea-based fintech group leveraging AI across its investment products, which include three other AI-picked versions of major indexes: a U.S. large cap index $(QRFT)$; a U.S. large cap dividend index $(HDIV.UK)$; and a U.S. value index $(NVQ)$.\nThe entrance of AI-run funds onto Wall Street promised a new high-tech future for investing, though it hasn't quite lived up to the hype yet. Theoretically, researchers have shown that AI investing strategies can beat the market by up to 40% on an annualized basis , when tested against historical data.\nBut Vasant Dhar, a professor at New York University's Stern School of Business and the founder of machine-learning-based hedge fund SCT Capital Management, argued on MarketWatch in June 2020 that AI-run funds won't \"crack\" the code of the stock market.\nAdvocating caution, Dhar said that it was difficult for funds underpinned by machine learning to maintain a sustainable edge over markets, which have \"a nonstationary and adversarial nature.\" He advised investors considering an AI system to ask tough questions, including how likely it is that the AI's \"edge\" will persist into the future, and what the inherent uncertainties and range of performance outcomes for the fund are.","news_type":1},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138667455,"gmtCreate":1621935749777,"gmtModify":1634185366708,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581503134530334","authorIdStr":"3581503134530334"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>😏","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>😏","text":"$Facebook(FB)$😏","images":[{"img":"https://static.tigerbbs.com/6f8e7f1a7edf843e8c0600581a6b776c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138667455","isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":133067830,"gmtCreate":1621671071420,"gmtModify":1634187221901,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581503134530334","authorIdStr":"3581503134530334"},"themes":[],"htmlText":"Like n comments please","listText":"Like n comments please","text":"Like n comments please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/133067830","repostId":"2137906121","repostType":4,"repost":{"id":"2137906121","kind":"highlight","pubTimestamp":1621611396,"share":"https://www.laohu8.com/m/news/2137906121?lang=&edition=full","pubTime":"2021-05-21 23:36","market":"us","language":"en","title":"Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2137906121","media":"Motley Fool","summary":"Berkshire Hathaway has continued to reduce its stakes in banks.","content":"<p><b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.</p>\n<p>\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"</p>\n<p>Let's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2da7d6438277757a73f9e626ebc6fc2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. All but eliminating Wells Fargo</h2>\n<p>Everyone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, <b>Wells Fargo</b> (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.</p>\n<p>This essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at <a href=\"https://laohu8.com/S/AONE\">one</a> point back in 2017, it was reportedly worth as much as $29 billion.</p>\n<p>But as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.</p>\n<p>The stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.</p>\n<h2>2. Dumping <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a></h2>\n<p>Last quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company <b>Synchrony Financial&nbsp;</b>(NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.</p>\n<p>While I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, <b>JPMorgan Chase</b>, and loaded up on America's second-largest bank, <b>Bank of America</b>.</p>\n<p>Considering that Buffett already has a huge position in <b>American <a href=\"https://laohu8.com/S/EXPR\">Express</a></b>, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.</p>\n<h2>3. Trimming U.S. Bancorp again</h2>\n<p>Berkshire Hathaway also sold about 1.45 million shares of <b>U.S. Bancorp</b> (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in <b>PNC Financial Services Group</b>&nbsp;and&nbsp;<b>M&amp;T Bank</b>, in the fourth quarter of 2020.&nbsp;</p>\n<p>One possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. </p>\n<p>Overall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.</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>Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"USB":"美国合众银行","WFC":"富国银行","BRK.B":"伯克希尔B","SYF":"Synchrony Financial","BRK.A":"伯克希尔"},"source_url":"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137906121","content_text":"Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.\n\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"\nLet's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.\nImage source: Getty Images.\n1. All but eliminating Wells Fargo\nEveryone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, Wells Fargo (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.\nThis essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at one point back in 2017, it was reportedly worth as much as $29 billion.\nBut as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.\nThe stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.\n2. Dumping Synchrony Financial\nLast quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company Synchrony Financial (NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.\nWhile I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, JPMorgan Chase, and loaded up on America's second-largest bank, Bank of America.\nConsidering that Buffett already has a huge position in American Express, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.\n3. Trimming U.S. Bancorp again\nBerkshire Hathaway also sold about 1.45 million shares of U.S. Bancorp (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in PNC Financial Services Group and M&T Bank, in the fourth quarter of 2020. \nOne possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. \nOverall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371072477,"gmtCreate":1618897216699,"gmtModify":1631885112230,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581503134530334","authorIdStr":"3581503134530334"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Free share 😆","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Free share 😆","text":"$Walt Disney(DIS)$Free share 😆","images":[{"img":"https://static.tigerbbs.com/587db70306e4275a4f95a901ec67c7a8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":3,"link":"https://laohu8.com/post/371072477","isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":188765524,"gmtCreate":1623462527768,"gmtModify":1634032883573,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581503134530334","idStr":"3581503134530334"},"themes":[],"htmlText":"大家来参加老虎7周年活动啊https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZLLG4Q-index.html?invite=ZLLG4Q<a href=\"https://laohu8.com/S/.SPX\">$S&amp;P 500(.SPX)$</a>","listText":"大家来参加老虎7周年活动啊https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZLLG4Q-index.html?invite=ZLLG4Q<a href=\"https://laohu8.com/S/.SPX\">$S&amp;P 500(.SPX)$</a>","text":"大家来参加老虎7周年活动啊https://www.tigerbrokers.com.sg/activity/market/2021/7th-anniversary/*ZLLG4Q-index.html?invite=ZLLG4Q$S&P 500(.SPX)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":10,"repostSize":0,"link":"https://laohu8.com/post/188765524","isVote":1,"tweetType":1,"viewCount":649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":133067830,"gmtCreate":1621671071420,"gmtModify":1634187221901,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581503134530334","idStr":"3581503134530334"},"themes":[],"htmlText":"Like n comments please","listText":"Like n comments please","text":"Like n comments please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/133067830","repostId":"2137906121","repostType":4,"repost":{"id":"2137906121","kind":"highlight","pubTimestamp":1621611396,"share":"https://www.laohu8.com/m/news/2137906121?lang=&edition=full","pubTime":"2021-05-21 23:36","market":"us","language":"en","title":"Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2137906121","media":"Motley Fool","summary":"Berkshire Hathaway has continued to reduce its stakes in banks.","content":"<p><b>Berkshire Hathaway</b> (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.</p>\n<p>\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"</p>\n<p>Let's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2da7d6438277757a73f9e626ebc6fc2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. All but eliminating Wells Fargo</h2>\n<p>Everyone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, <b>Wells Fargo</b> (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.</p>\n<p>This essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at <a href=\"https://laohu8.com/S/AONE\">one</a> point back in 2017, it was reportedly worth as much as $29 billion.</p>\n<p>But as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.</p>\n<p>The stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.</p>\n<h2>2. Dumping <a href=\"https://laohu8.com/S/SYF\">Synchrony Financial</a></h2>\n<p>Last quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company <b>Synchrony Financial&nbsp;</b>(NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.</p>\n<p>While I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, <b>JPMorgan Chase</b>, and loaded up on America's second-largest bank, <b>Bank of America</b>.</p>\n<p>Considering that Buffett already has a huge position in <b>American <a href=\"https://laohu8.com/S/EXPR\">Express</a></b>, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.</p>\n<h2>3. Trimming U.S. Bancorp again</h2>\n<p>Berkshire Hathaway also sold about 1.45 million shares of <b>U.S. Bancorp</b> (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in <b>PNC Financial Services Group</b>&nbsp;and&nbsp;<b>M&amp;T Bank</b>, in the fourth quarter of 2020.&nbsp;</p>\n<p>One possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. </p>\n<p>Overall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.</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>Here Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the 3 Bank Moves Warren Buffett Has Made So Far in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"USB":"美国合众银行","WFC":"富国银行","BRK.B":"伯克希尔B","SYF":"Synchrony Financial","BRK.A":"伯克希尔"},"source_url":"https://www.fool.com/investing/2021/05/21/here-are-the-3-bank-moves-warren-buffett-has-made/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137906121","content_text":"Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) recently filed its 13F form for the first quarter of 2021, detailing what stock sales and purchases the conglomerate and the legendary investor in charge, Warren Buffett, made during the period. As has been the case for most of the past year, Buffett was active in the financial sector, mostly reducing Berkshire Hathaway's positions in banks. At the company's annual investor day earlier this month, Buffett provided some explanation for all the stock selling he's done in that sector.\n\"I like banks generally,\" he said, \"I just didn't like the proportion we had compared to the possible risk if we got the bad results that so far we haven't gotten.\"\nLet's review the three big changes Buffett and Berkshire Hathaway made to their bank holdings in the first quarter.\nImage source: Getty Images.\n1. All but eliminating Wells Fargo\nEveryone knew it was coming, but Buffett all but made it official last quarter, nearly eliminating his position in his onetime favorite bank, Wells Fargo (NYSE:WFC). Berkshire Hathaway sold 51.7 million shares, dropping its stake to a mere 675,000 shares valued at $26.3 million.\nThis essentially ends what was an epic run for the Oracle of Omaha and Wells Fargo. Buffett first purchased shares in the large U.S. bank in 1989, and by 1994, he had acquired more than 13% of its outstanding shares. At the end of the third quarter of 2019, before the pandemic, Buffett's stake, which had a rough original cost basis of just below $9 billion, was worth close to $20 billion. And at one point back in 2017, it was reportedly worth as much as $29 billion.\nBut as the fallout of Wells Fargo's phony accounts scandal and other revelations about its consumer abuses continued to play out, Buffett began to lose faith in the institution and started trimming his position. It looks like Buffett ultimately ended up making much less on his Wells Fargo investment than he could have, considering he sold more than 323 million shares between the end of Q1 2020 and the end of Q1 2021. During that 12-month period, the bank's shares traded from a low of $21.45 to a high of $39.07. At the end of 2019, they traded north of $53.\nThe stock closed at $45.73 on Thursday, and many investors still believe Wells Fargo is undervalued these days, trading at 135% tangible book value (equity minus intangible assets and goodwill). Bank valuations have shot up in recent months, and Wells Fargo in particular could see more tailwinds when the Federal Reserve lifts the $1.95 trillion asset cap that the bank has been operating under since 2018.\n2. Dumping Synchrony Financial\nLast quarter, Berkshire Hathaway also eliminated its entire stake in the consumer finance credit card company Synchrony Financial (NYSE:SYF), selling its 21.1 million shares. Synchrony uses what it calls a \"partner-centric\" business model under which it teams up with leading retailers and digital brands that promote Synchrony's credit cards. Consumers can get deals on specific purchases by opening Synchrony credit cards, which are often branded under a retailer's name.\nWhile I wouldn't say I saw this move coming, it doesn't entirely surprise me. Over the last year, Buffett has become even more selective about which banks he wants to own. He seems to be picking a winner or two in each banking industry subcategory -- for instance, he sold his stake in America's largest bank, JPMorgan Chase, and loaded up on America's second-largest bank, Bank of America.\nConsidering that Buffett already has a huge position in American Express, and loves the brand, that is likely going to be his pick for a credit-card-focused holding. Berkshire Hathaway likely made a good profit on that Synchrony investment, though, considering that the stock hit its highest level ever during Q1.\n3. Trimming U.S. Bancorp again\nBerkshire Hathaway also sold about 1.45 million shares of U.S. Bancorp (NYSE:USB) in the first quarter -- but it still owns nearly 129.7 million shares. The Oracle of Omaha has sold small quantities of shares of the Minnesota-based regional bank a few times over the last year, and it's a bit unclear why. It does appear that he has made U.S. Bancorp his regional bank pick, though. He sold off his other regional bank holdings, including his stakes in PNC Financial Services Group and M&T Bank, in the fourth quarter of 2020. \nOne possible explanation relates to Buffett's well-known desire to keep his stakes in those banks below 10%, so he can avoid the additional reporting requirements that a higher ownership level would trigger. At the end of the first quarter, Buffett owned about 8.7% of U.S. Bancorp's outstanding shares. So his stock sale may have simply been a move to prepare for the bank's planned share repurchases, which should accelerate later this year. Last quarter's adjustment should maintain Berkshire Hathaway's stake at a level comfortably under the 10% threshold, even after U.S. Bancorp's total share count is reduced. \nOverall, I still feel confident that Buffett plans to stick with U.S. Bancorp, although I will continue to watch his moves in upcoming quarters to see if he further reduces his stake in it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":446,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183184870,"gmtCreate":1623315093990,"gmtModify":1634034669808,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581503134530334","idStr":"3581503134530334"},"themes":[],"htmlText":"Like and comment please... Will reply","listText":"Like and comment please... Will reply","text":"Like and comment please... Will reply","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/183184870","repostId":"2142210925","repostType":4,"repost":{"id":"2142210925","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623289980,"share":"https://www.laohu8.com/m/news/2142210925?lang=&edition=full","pubTime":"2021-06-10 09:53","market":"us","language":"en","title":"This robot-run fund thinks GameStop stock will soar in June, and predicts a fall for Tesla and Amazon","url":"https://stock-news.laohu8.com/highlight/detail?id=2142210925","media":"Dow Jones","summary":"Shares in GameStop have already climbed since an artificial-intelligence trading bot added it to the","content":"<p>Shares in GameStop have already climbed since an artificial-intelligence trading bot added it to the AMOM fund on June 2</p>\n<p>An exchange-traded fund driven by artificial intelligence booted Tesla and Amazon from its portfolio in June, instead choosing to load up on shares of companies including Qualcomm, Snap and GameStop.</p>\n<p>The Qraft AI-Enhanced U.S. Large Cap Momentum ETF, trading as AMOM <a href=\"https://laohu8.com/S/AMOM\">$(AMOM)$</a> on the New York Stock Exchange, removed major technology companies from its portfolio this month, as it shifted to favor retailers and other post-pandemic trades.</p>\n<p>Electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> and online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> represented two of the fund's three largest holdings in May, but were completely removed in the latest rebalancing on June 2, along with graphics microchip maker Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>, which was its sixth-largest holding. The artificial-intelligence program controlling the fund believes these stocks will see price declines across the coming month.</p>\n<p>The standout among the stocks added in June was GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, the videogame retailer that epitomized the \"meme stock\" trading frenzy that began in late January.</p>\n<p>This was when a flock of investors, largely organized on social media platform Reddit, helped squeeze hedge funds' short positions on companies including GameStop, cinema chain AMC <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, and tech group BlackBerry (BB.T) earlier this year. The trading frenzy caused multibillion-dollar losses for hedge funds, unbelievable gains for individuals that timed it right, and ushered in a new era of internet-inspired trading.</p>\n<p>GameStop's stock price rose almost 10-fold from Jan. 15 to Jan. 27, from $35 per share to nearly $350. The stock is currently trading around $300 and makes up around 1% of AMOM. And now the AI calling the shots thinks it will move even higher in June, and the shares have already gained more than 6% since the stock was added to the fund for the first time.</p>\n<p>\"Few fund managers would take the risk of adding a meme stock to their portfolios, but Qraft's AI model has no such prejudices,\" said Geeseok Oh, a managing director at Qraft and the head of its Asia-Pacific business.</p>\n<p>The top five stocks by portfolio weight added to AMOM in June include semiconductor group Qualcomm <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a>, Big Tobacco company Philip Morris <a href=\"https://laohu8.com/S/PM\">$(PM)$</a>, social-media player Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a>, medical technology specialists Edwards Lifesciences <a href=\"https://laohu8.com/S/EW\">$(EW)$</a>, and orthodontics group Align Technology <a href=\"https://laohu8.com/S/ALGN\">$(ALGN)$</a>.</p>\n<p>After the fund was rebalanced, AMOM's top five largest holdings by portfolio weight were tech giant <a href=\"https://laohu8.com/S/FB\">Facebook</a> (FB), retailers Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> and Home Depot <a href=\"https://laohu8.com/S/HD\">$(HD)$</a>, software company Adobe <a href=\"https://laohu8.com/S/ADBE\">$(ADBE)$</a>, and semiconductor manufacturing company Texas Instruments <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a>.</p>\n<p>\"This month, AMOM's portfolio appears to be shifting towards post-pandemic trades, a bit more diversified of a portfolio from the previous month's big tech-heavy strategy,\" said Oh.</p>\n<p>AMOM's decision to remove Tesla from its portfolio came after a bullish bet failed to pay off. The fund bought around $1.4 million worth of shares in the electric-vehicle company in May after avoiding the stock for months, and shares in Tesla fell 7% before the AI ditched it from the fund. This mistake with Tesla was a rare occurrence for the robot controlling AMOM, which otherwise has a strong record of predicting moves in the company's share price .</p>\n<p>AMOM has been listed in New York since May 2019, and has delivered total returns of 11% so far in 2021 and 53% in the past year -- outpacing its benchmark, the S&amp;P 500 Momentum index , which has climbed a comparable 26% in the past year.</p>\n<p>AMOM is an actively managed portfolio driven by artificial intelligence, tracking 50 large-cap U.S. stocks and reweighting its holdings each month. It is based on a momentum strategy, with the AI behind its stock picks capitalizing on the movements of existing market trends to inform the decision to add, remove, or reweight holdings. The artificial intelligence scans the market and uses its predictive power to analyze a wide set of patterns that show stock-market momentum.</p>\n<p>The fund is a product of Qraft, a Seoul, South Korea-based fintech group leveraging AI across its investment products, which include three other AI-picked versions of major indexes: a U.S. large cap index <a href=\"https://laohu8.com/S/QRFT\">$(QRFT)$</a>; a U.S. large cap dividend index <a href=\"https://laohu8.com/S/HDIV.UK\">$(HDIV.UK)$</a>; and a U.S. value index <a href=\"https://laohu8.com/S/NVQ\">$(NVQ)$</a>.</p>\n<p>The entrance of AI-run funds onto Wall Street promised a new high-tech future for investing, though it hasn't quite lived up to the hype yet. Theoretically, researchers have shown that AI investing strategies can beat the market by up to 40% on an annualized basis , when tested against historical data.</p>\n<p>But Vasant Dhar, a professor at New York University's Stern School of Business and the founder of machine-learning-based hedge fund SCT Capital Management, argued on MarketWatch in June 2020 that AI-run funds won't \"crack\" the code of the stock market.</p>\n<p>Advocating caution, Dhar said that it was difficult for funds underpinned by machine learning to maintain a sustainable edge over markets, which have \"a nonstationary and adversarial nature.\" He advised investors considering an AI system to ask tough questions, including how likely it is that the AI's \"edge\" will persist into the future, and what the inherent uncertainties and range of performance outcomes for the fund are.</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>This robot-run fund thinks GameStop stock will soar in June, and predicts a fall for Tesla and Amazon</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\">\nThis robot-run fund thinks GameStop stock will soar in June, and predicts a fall for Tesla and Amazon\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/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-10 09:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares in GameStop have already climbed since an artificial-intelligence trading bot added it to the AMOM fund on June 2</p>\n<p>An exchange-traded fund driven by artificial intelligence booted Tesla and Amazon from its portfolio in June, instead choosing to load up on shares of companies including Qualcomm, Snap and GameStop.</p>\n<p>The Qraft AI-Enhanced U.S. Large Cap Momentum ETF, trading as AMOM <a href=\"https://laohu8.com/S/AMOM\">$(AMOM)$</a> on the New York Stock Exchange, removed major technology companies from its portfolio this month, as it shifted to favor retailers and other post-pandemic trades.</p>\n<p>Electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> and online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> represented two of the fund's three largest holdings in May, but were completely removed in the latest rebalancing on June 2, along with graphics microchip maker Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>, which was its sixth-largest holding. The artificial-intelligence program controlling the fund believes these stocks will see price declines across the coming month.</p>\n<p>The standout among the stocks added in June was GameStop <a href=\"https://laohu8.com/S/GME\">$(GME)$</a>, the videogame retailer that epitomized the \"meme stock\" trading frenzy that began in late January.</p>\n<p>This was when a flock of investors, largely organized on social media platform Reddit, helped squeeze hedge funds' short positions on companies including GameStop, cinema chain AMC <a href=\"https://laohu8.com/S/AMC\">$(AMC)$</a>, and tech group BlackBerry (BB.T) earlier this year. The trading frenzy caused multibillion-dollar losses for hedge funds, unbelievable gains for individuals that timed it right, and ushered in a new era of internet-inspired trading.</p>\n<p>GameStop's stock price rose almost 10-fold from Jan. 15 to Jan. 27, from $35 per share to nearly $350. The stock is currently trading around $300 and makes up around 1% of AMOM. And now the AI calling the shots thinks it will move even higher in June, and the shares have already gained more than 6% since the stock was added to the fund for the first time.</p>\n<p>\"Few fund managers would take the risk of adding a meme stock to their portfolios, but Qraft's AI model has no such prejudices,\" said Geeseok Oh, a managing director at Qraft and the head of its Asia-Pacific business.</p>\n<p>The top five stocks by portfolio weight added to AMOM in June include semiconductor group Qualcomm <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a>, Big Tobacco company Philip Morris <a href=\"https://laohu8.com/S/PM\">$(PM)$</a>, social-media player Snap <a href=\"https://laohu8.com/S/SNAP\">$(SNAP)$</a>, medical technology specialists Edwards Lifesciences <a href=\"https://laohu8.com/S/EW\">$(EW)$</a>, and orthodontics group Align Technology <a href=\"https://laohu8.com/S/ALGN\">$(ALGN)$</a>.</p>\n<p>After the fund was rebalanced, AMOM's top five largest holdings by portfolio weight were tech giant <a href=\"https://laohu8.com/S/FB\">Facebook</a> (FB), retailers Walmart <a href=\"https://laohu8.com/S/WMT\">$(WMT)$</a> and Home Depot <a href=\"https://laohu8.com/S/HD\">$(HD)$</a>, software company Adobe <a href=\"https://laohu8.com/S/ADBE\">$(ADBE)$</a>, and semiconductor manufacturing company Texas Instruments <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a>.</p>\n<p>\"This month, AMOM's portfolio appears to be shifting towards post-pandemic trades, a bit more diversified of a portfolio from the previous month's big tech-heavy strategy,\" said Oh.</p>\n<p>AMOM's decision to remove Tesla from its portfolio came after a bullish bet failed to pay off. The fund bought around $1.4 million worth of shares in the electric-vehicle company in May after avoiding the stock for months, and shares in Tesla fell 7% before the AI ditched it from the fund. This mistake with Tesla was a rare occurrence for the robot controlling AMOM, which otherwise has a strong record of predicting moves in the company's share price .</p>\n<p>AMOM has been listed in New York since May 2019, and has delivered total returns of 11% so far in 2021 and 53% in the past year -- outpacing its benchmark, the S&amp;P 500 Momentum index , which has climbed a comparable 26% in the past year.</p>\n<p>AMOM is an actively managed portfolio driven by artificial intelligence, tracking 50 large-cap U.S. stocks and reweighting its holdings each month. It is based on a momentum strategy, with the AI behind its stock picks capitalizing on the movements of existing market trends to inform the decision to add, remove, or reweight holdings. The artificial intelligence scans the market and uses its predictive power to analyze a wide set of patterns that show stock-market momentum.</p>\n<p>The fund is a product of Qraft, a Seoul, South Korea-based fintech group leveraging AI across its investment products, which include three other AI-picked versions of major indexes: a U.S. large cap index <a href=\"https://laohu8.com/S/QRFT\">$(QRFT)$</a>; a U.S. large cap dividend index <a href=\"https://laohu8.com/S/HDIV.UK\">$(HDIV.UK)$</a>; and a U.S. value index <a href=\"https://laohu8.com/S/NVQ\">$(NVQ)$</a>.</p>\n<p>The entrance of AI-run funds onto Wall Street promised a new high-tech future for investing, though it hasn't quite lived up to the hype yet. Theoretically, researchers have shown that AI investing strategies can beat the market by up to 40% on an annualized basis , when tested against historical data.</p>\n<p>But Vasant Dhar, a professor at New York University's Stern School of Business and the founder of machine-learning-based hedge fund SCT Capital Management, argued on MarketWatch in June 2020 that AI-run funds won't \"crack\" the code of the stock market.</p>\n<p>Advocating caution, Dhar said that it was difficult for funds underpinned by machine learning to maintain a sustainable edge over markets, which have \"a nonstationary and adversarial nature.\" He advised investors considering an AI system to ask tough questions, including how likely it is that the AI's \"edge\" will persist into the future, and what the inherent uncertainties and range of performance outcomes for the fund are.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TXN":"德州仪器","GME":"游戏驿站","AMZN":"亚马逊","AMOM":"QRAFT AI-Enhanced U.S. Large Cap Momentum ETF","TSLA":"特斯拉","09086":"华夏纳指-U","EW":"爱德华兹","WMT":"沃尔玛","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数","QCOM":"高通","HD":"家得宝","SNAP":"Snap Inc","NVDA":"英伟达","PM":"菲利普莫里斯","ALGN":"艾利科技","ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142210925","content_text":"Shares in GameStop have already climbed since an artificial-intelligence trading bot added it to the AMOM fund on June 2\nAn exchange-traded fund driven by artificial intelligence booted Tesla and Amazon from its portfolio in June, instead choosing to load up on shares of companies including Qualcomm, Snap and GameStop.\nThe Qraft AI-Enhanced U.S. Large Cap Momentum ETF, trading as AMOM $(AMOM)$ on the New York Stock Exchange, removed major technology companies from its portfolio this month, as it shifted to favor retailers and other post-pandemic trades.\nElectric-car maker Tesla $(TSLA)$ and online retailer Amazon $(AMZN)$ represented two of the fund's three largest holdings in May, but were completely removed in the latest rebalancing on June 2, along with graphics microchip maker Nvidia $(NVDA)$, which was its sixth-largest holding. The artificial-intelligence program controlling the fund believes these stocks will see price declines across the coming month.\nThe standout among the stocks added in June was GameStop $(GME)$, the videogame retailer that epitomized the \"meme stock\" trading frenzy that began in late January.\nThis was when a flock of investors, largely organized on social media platform Reddit, helped squeeze hedge funds' short positions on companies including GameStop, cinema chain AMC $(AMC)$, and tech group BlackBerry (BB.T) earlier this year. The trading frenzy caused multibillion-dollar losses for hedge funds, unbelievable gains for individuals that timed it right, and ushered in a new era of internet-inspired trading.\nGameStop's stock price rose almost 10-fold from Jan. 15 to Jan. 27, from $35 per share to nearly $350. The stock is currently trading around $300 and makes up around 1% of AMOM. And now the AI calling the shots thinks it will move even higher in June, and the shares have already gained more than 6% since the stock was added to the fund for the first time.\n\"Few fund managers would take the risk of adding a meme stock to their portfolios, but Qraft's AI model has no such prejudices,\" said Geeseok Oh, a managing director at Qraft and the head of its Asia-Pacific business.\nThe top five stocks by portfolio weight added to AMOM in June include semiconductor group Qualcomm $(QCOM)$, Big Tobacco company Philip Morris $(PM)$, social-media player Snap $(SNAP)$, medical technology specialists Edwards Lifesciences $(EW)$, and orthodontics group Align Technology $(ALGN)$.\nAfter the fund was rebalanced, AMOM's top five largest holdings by portfolio weight were tech giant Facebook (FB), retailers Walmart $(WMT)$ and Home Depot $(HD)$, software company Adobe $(ADBE)$, and semiconductor manufacturing company Texas Instruments $(TXN)$.\n\"This month, AMOM's portfolio appears to be shifting towards post-pandemic trades, a bit more diversified of a portfolio from the previous month's big tech-heavy strategy,\" said Oh.\nAMOM's decision to remove Tesla from its portfolio came after a bullish bet failed to pay off. The fund bought around $1.4 million worth of shares in the electric-vehicle company in May after avoiding the stock for months, and shares in Tesla fell 7% before the AI ditched it from the fund. This mistake with Tesla was a rare occurrence for the robot controlling AMOM, which otherwise has a strong record of predicting moves in the company's share price .\nAMOM has been listed in New York since May 2019, and has delivered total returns of 11% so far in 2021 and 53% in the past year -- outpacing its benchmark, the S&P 500 Momentum index , which has climbed a comparable 26% in the past year.\nAMOM is an actively managed portfolio driven by artificial intelligence, tracking 50 large-cap U.S. stocks and reweighting its holdings each month. It is based on a momentum strategy, with the AI behind its stock picks capitalizing on the movements of existing market trends to inform the decision to add, remove, or reweight holdings. The artificial intelligence scans the market and uses its predictive power to analyze a wide set of patterns that show stock-market momentum.\nThe fund is a product of Qraft, a Seoul, South Korea-based fintech group leveraging AI across its investment products, which include three other AI-picked versions of major indexes: a U.S. large cap index $(QRFT)$; a U.S. large cap dividend index $(HDIV.UK)$; and a U.S. value index $(NVQ)$.\nThe entrance of AI-run funds onto Wall Street promised a new high-tech future for investing, though it hasn't quite lived up to the hype yet. Theoretically, researchers have shown that AI investing strategies can beat the market by up to 40% on an annualized basis , when tested against historical data.\nBut Vasant Dhar, a professor at New York University's Stern School of Business and the founder of machine-learning-based hedge fund SCT Capital Management, argued on MarketWatch in June 2020 that AI-run funds won't \"crack\" the code of the stock market.\nAdvocating caution, Dhar said that it was difficult for funds underpinned by machine learning to maintain a sustainable edge over markets, which have \"a nonstationary and adversarial nature.\" He advised investors considering an AI system to ask tough questions, including how likely it is that the AI's \"edge\" will persist into the future, and what the inherent uncertainties and range of performance outcomes for the fund are.","news_type":1},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188186349,"gmtCreate":1623424246581,"gmtModify":1631887437355,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581503134530334","idStr":"3581503134530334"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VXRT\">$Vaxart, Inc(VXRT)$</a>除了 Piper Sandler 目标价 18美金21日还有 Vaccine Forumhttps://finance.yahoo.com/news/vaxart-present-svb-leerink-cyberx-130000119.html","listText":"<a href=\"https://laohu8.com/S/VXRT\">$Vaxart, Inc(VXRT)$</a>除了 Piper Sandler 目标价 18美金21日还有 Vaccine Forumhttps://finance.yahoo.com/news/vaxart-present-svb-leerink-cyberx-130000119.html","text":"$Vaxart, Inc(VXRT)$除了 Piper Sandler 目标价 18美金21日还有 Vaccine Forumhttps://finance.yahoo.com/news/vaxart-present-svb-leerink-cyberx-130000119.html","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":1,"link":"https://laohu8.com/post/188186349","isVote":1,"tweetType":1,"viewCount":1148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":371072477,"gmtCreate":1618897216699,"gmtModify":1631885112230,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581503134530334","idStr":"3581503134530334"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Free share 😆","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>Free share 😆","text":"$Walt Disney(DIS)$Free share 😆","images":[{"img":"https://static.tigerbbs.com/587db70306e4275a4f95a901ec67c7a8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":3,"link":"https://laohu8.com/post/371072477","isVote":1,"tweetType":1,"viewCount":701,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138667455,"gmtCreate":1621935749777,"gmtModify":1634185366708,"author":{"id":"3581503134530334","authorId":"3581503134530334","name":"行走的煤","avatar":"https://static.tigerbbs.com/fcb156626f989a57c86e24ab59aedd82","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3581503134530334","idStr":"3581503134530334"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>😏","listText":"<a href=\"https://laohu8.com/S/FB\">$Facebook(FB)$</a>😏","text":"$Facebook(FB)$😏","images":[{"img":"https://static.tigerbbs.com/6f8e7f1a7edf843e8c0600581a6b776c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138667455","isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}