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2021-05-12

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Battery startup QuantumScape posts wider Q1 loss

2021-05-10

Doge to the moon!

Elon Musk could make fireworks on 'SNL.' Investors are betting on it

2021-05-10

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The real story of the Trump-Facebook saga

2021-05-10

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2021-05-09

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U.S. hiring takes big step back as businesses scramble for workers, raw materials

2021-05-09

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Three Chinese telecom companies to be delisted by NYSE

2021-05-07

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Steel prices have tripled. Now Bank of America is sounding the alarm

2021-05-07

Liek and comment thanks

Dow closes at record high after upbeat jobless claims report

2021-05-06

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

2021-05-06

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Yale's chief investment manager David Swensen dies at 67

2021-05-05

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S.Korea says AstraZeneca, Pfizer COVID-19 vaccines 87% effective after first shot

2021-05-04

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2021-05-04

Tomorrow 5.5 sales

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2021-05-04

Nice

Cathie Wood's investment firm, Elliott buy Twitter shares on dip- Bloomberg News

2021-05-04

Tech all red :(

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2021-05-04

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Opinion: If you ‘sell in May,’ don’t go away

2021-05-04

New wife hehe

Bill Gates and Melinda Gates are splitting up after 27 years

2021-05-03

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2021-05-03

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Roku Earnings: 1 Key Metric You'll Want to Know

2021-05-03

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and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/193141614","repostId":"2134660097","repostType":4,"repost":{"id":"2134660097","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":1620766380,"share":"https://www.laohu8.com/m/news/2134660097?lang=&edition=full","pubTime":"2021-05-12 04:53","market":"us","language":"en","title":"Battery startup QuantumScape posts wider Q1 loss","url":"https://stock-news.laohu8.com/highlight/detail?id=2134660097","media":"Dow Jones","summary":"MW Battery startup QuantumScape posts wider Q1 lossQuantumScape Corp. $(QS)$ shares fell 4% in the e","content":"<p>MW Battery startup QuantumScape posts wider Q1 loss</p><p>QuantumScape Corp. <a href=\"https://laohu8.com/S/QS\">$(QS)$</a> shares fell 4% in the extended session Tuesday after the battery-maker startup reported a wider-than-expected quarterly loss for its first quarter. QuantumScape said it lost $75 million in the quarter, or 20 cents a share, compared with a loss of 6 cents a share in the year-ago quarter. Analysts polled by FactSet had expected a loss of 7 cents a share for the quarter. In a letter to investors, the startup said it met a contractual milestone with Volkswagen AG and delivered battery cells for further testing at the car maker, an investor in the company, which resulted in an an additional $100 million into QuantumScape in April, it said. With proceeds from its follow-on equity offering, the Volkswagen investment, and public warrant exercises, it expects to enter 2022 \"with greater than ($1.3 billion) in liquidity, reflecting a net increase of more than $300M compared to our liquidity entering the year,\" it said. Shares of QuantumScape ended the regular trading day up 3.6%.</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>Battery startup QuantumScape posts wider Q1 loss</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\">\nBattery startup QuantumScape posts wider Q1 loss\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\">2021-05-12 04:53</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Battery startup QuantumScape posts wider Q1 loss</p><p>QuantumScape Corp. <a href=\"https://laohu8.com/S/QS\">$(QS)$</a> shares fell 4% in the extended session Tuesday after the battery-maker startup reported a wider-than-expected quarterly loss for its first quarter. QuantumScape said it lost $75 million in the quarter, or 20 cents a share, compared with a loss of 6 cents a share in the year-ago quarter. Analysts polled by FactSet had expected a loss of 7 cents a share for the quarter. In a letter to investors, the startup said it met a contractual milestone with Volkswagen AG and delivered battery cells for further testing at the car maker, an investor in the company, which resulted in an an additional $100 million into QuantumScape in April, it said. With proceeds from its follow-on equity offering, the Volkswagen investment, and public warrant exercises, it expects to enter 2022 \"with greater than ($1.3 billion) in liquidity, reflecting a net increase of more than $300M compared to our liquidity entering the year,\" it said. Shares of QuantumScape ended the regular trading day up 3.6%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QS":"Quantumscape Corp."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134660097","content_text":"MW Battery startup QuantumScape posts wider Q1 lossQuantumScape Corp. $(QS)$ shares fell 4% in the extended session Tuesday after the battery-maker startup reported a wider-than-expected quarterly loss for its first quarter. QuantumScape said it lost $75 million in the quarter, or 20 cents a share, compared with a loss of 6 cents a share in the year-ago quarter. Analysts polled by FactSet had expected a loss of 7 cents a share for the quarter. In a letter to investors, the startup said it met a contractual milestone with Volkswagen AG and delivered battery cells for further testing at the car maker, an investor in the company, which resulted in an an additional $100 million into QuantumScape in April, it said. With proceeds from its follow-on equity offering, the Volkswagen investment, and public warrant exercises, it expects to enter 2022 \"with greater than ($1.3 billion) in liquidity, reflecting a net increase of more than $300M compared to our liquidity entering the year,\" it said. Shares of QuantumScape ended the regular trading day up 3.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190190005,"gmtCreate":1620604132107,"gmtModify":1634197850330,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Doge to the moon!","listText":"Doge to the moon!","text":"Doge to the moon!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/190190005","repostId":"1140579879","repostType":4,"repost":{"id":"1140579879","kind":"news","pubTimestamp":1620453263,"share":"https://www.laohu8.com/m/news/1140579879?lang=&edition=full","pubTime":"2021-05-08 13:54","market":"hk","language":"en","title":"Elon Musk could make fireworks on 'SNL.' Investors are betting on it","url":"https://stock-news.laohu8.com/highlight/detail?id=1140579879","media":"CNN","summary":"New York (CNN Business)Live from New York, it's ... a market-moving corporate liability.\nThis weeken","content":"<p>New York (CNN Business)Live from New York, it's ... a market-moving corporate liability.</p>\n<p>This weekend, Tesla CEO Elon Musk is hosting \"Saturday Night Live,\" which, in case the name wasn't clear enough, is broadcast live. That means NBC relying on Musk to filter his thoughts in real time, despite little evidence, historically, of him holding back on just about anything he wants to say — even when under scrutiny by federal regulators.</p>\n<p>Wall Street is already betting that Musk will take the opportunity to play a little investing game.</p>\n<p>The cryptocurrency dogecoin, one of Musk's favorite market playthings, has been trading higher in anticipation of the SNL appearance. And Tesla stock, which fell into bear territory after hitting record highs in January, was up 1.5% Friday.</p>\n<p>Dogecoin was trading at around 65 cents on Friday, just shy of its all-time high of 69 cents. The shiba inu-themed digital currency that began as a joke has surged more than 12,000% since January, fueled in no small measure by Musk's tweets. Just a few words from Musk on Twitter, where he boasts more than 53 million followers, caused the crypto to spike 100%.</p>\n<p>\"Musk will undoubtedly have a sketch on cryptocurrencies that will probably go viral for days and further motivate his army of followers to try to send Dogecoin to the moon,\" wrote Ed Moya, a senior market analyst with online trading firm Oanda.</p>\n<p>Last week, Musk dubbed himself the \"dogefather\" in a brief tweet promoting his SNL appearance. The coin shot up more than 30%.</p>\n<p>So far, Musk has managed to tweet and say just about anything he wants — including his skepticism about Covid-19 and threats to workers who consider unionizing — without serious repercussions. He settled securities fraud charges with the SEC in 2018 by paying a fine, and is currently appealing a ruling in March from the National Labor Relations board that ordered Tesla to delete a three-year-old tweet discouraging unionization.</p>\n<p>He famously smoked weed and played with a samurai sword on Joe Rogan's podcast in 2018, a move that displeased shareholders and prompted two high-level executive departures. NASA, which had contracted Musk's SpaceX to carry astronauts to the International Space Station, ordered a safety review of the company amid concerns about Musk's behavior, according to multiple news reports.</p>\n<p>But Tesla's 2020 stock performance was so robust — shares rose by more than 700% — few if any investors seem bothered by his tendency toward erratic behavior.</p>\n<p>Still, several cast members on SNL publicly expressed their concerns about giving Musk an even bigger platform as host of the show.</p>\n<p>Musk, the self-annointed \"Technoking\" of Tesla, is often described as eccentric visionary, or, just as often, a reckless businessman with Peter Pan syndrome and a penchant for trolling his rivals. In either case, he is fundamentally unpredictable.</p>\n<p>He said it best himself in a promotional video released by SNL on Thursday. \"I'm a wild card, so there's no telling what I may do.\"</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>Elon Musk could make fireworks on 'SNL.' Investors are betting on it</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\">\nElon Musk could make fireworks on 'SNL.' Investors are betting on it\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 13:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/05/07/investing/elon-musk-dogecoin-snl/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Live from New York, it's ... a market-moving corporate liability.\nThis weekend, Tesla CEO Elon Musk is hosting \"Saturday Night Live,\" which, in case the name wasn't clear enough...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/07/investing/elon-musk-dogecoin-snl/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://edition.cnn.com/2021/05/07/investing/elon-musk-dogecoin-snl/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140579879","content_text":"New York (CNN Business)Live from New York, it's ... a market-moving corporate liability.\nThis weekend, Tesla CEO Elon Musk is hosting \"Saturday Night Live,\" which, in case the name wasn't clear enough, is broadcast live. That means NBC relying on Musk to filter his thoughts in real time, despite little evidence, historically, of him holding back on just about anything he wants to say — even when under scrutiny by federal regulators.\nWall Street is already betting that Musk will take the opportunity to play a little investing game.\nThe cryptocurrency dogecoin, one of Musk's favorite market playthings, has been trading higher in anticipation of the SNL appearance. And Tesla stock, which fell into bear territory after hitting record highs in January, was up 1.5% Friday.\nDogecoin was trading at around 65 cents on Friday, just shy of its all-time high of 69 cents. The shiba inu-themed digital currency that began as a joke has surged more than 12,000% since January, fueled in no small measure by Musk's tweets. Just a few words from Musk on Twitter, where he boasts more than 53 million followers, caused the crypto to spike 100%.\n\"Musk will undoubtedly have a sketch on cryptocurrencies that will probably go viral for days and further motivate his army of followers to try to send Dogecoin to the moon,\" wrote Ed Moya, a senior market analyst with online trading firm Oanda.\nLast week, Musk dubbed himself the \"dogefather\" in a brief tweet promoting his SNL appearance. The coin shot up more than 30%.\nSo far, Musk has managed to tweet and say just about anything he wants — including his skepticism about Covid-19 and threats to workers who consider unionizing — without serious repercussions. He settled securities fraud charges with the SEC in 2018 by paying a fine, and is currently appealing a ruling in March from the National Labor Relations board that ordered Tesla to delete a three-year-old tweet discouraging unionization.\nHe famously smoked weed and played with a samurai sword on Joe Rogan's podcast in 2018, a move that displeased shareholders and prompted two high-level executive departures. NASA, which had contracted Musk's SpaceX to carry astronauts to the International Space Station, ordered a safety review of the company amid concerns about Musk's behavior, according to multiple news reports.\nBut Tesla's 2020 stock performance was so robust — shares rose by more than 700% — few if any investors seem bothered by his tendency toward erratic behavior.\nStill, several cast members on SNL publicly expressed their concerns about giving Musk an even bigger platform as host of the show.\nMusk, the self-annointed \"Technoking\" of Tesla, is often described as eccentric visionary, or, just as often, a reckless businessman with Peter Pan syndrome and a penchant for trolling his rivals. In either case, he is fundamentally unpredictable.\nHe said it best himself in a promotional video released by SNL on Thursday. \"I'm a wild card, so there's no telling what I may do.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190107057,"gmtCreate":1620604072179,"gmtModify":1634197851409,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190107057","repostId":"1170905579","repostType":4,"repost":{"id":"1170905579","kind":"news","pubTimestamp":1620462497,"share":"https://www.laohu8.com/m/news/1170905579?lang=&edition=full","pubTime":"2021-05-08 16:28","market":"us","language":"en","title":"The real story of the Trump-Facebook saga","url":"https://stock-news.laohu8.com/highlight/detail?id=1170905579","media":"Yahoo Finance ","summary":"It’s not this complicated.Like other bumbling corporations reluctant to take a stand, Facebook and i","content":"<p>It’s not this complicated.</p><p>Like other bumbling corporations reluctant to take a stand, Facebook and its CEO, Mark Zuckerberg, have turned a temporary controversy into an ongoing fiasco. The social-media giant could have permanently banned then-President Donald Trump on Jan. 7, after he used the platform to lie about the 2020 election and praise rioters trying to seize control of the US Capitol the day before. Trump and his supporters would have squealed, but decisive action by Facebook would have left them no choice: Deal with it.</p><p>Instead, Facebook (FB) suspended Trump’s account “indefinitely,” while asking the company’s “oversight board”—a group of outside policy experts—to recommend a permanent solution. On May 5, the board “upheld” Facebook’s decision to exile Trump, but it alsodinged Facebook for the arbitrary application of vague standards. Instead of handing the company a simple answer, it told Facebook to come up with a permanent solution of its own within six months.</p><p>Have you ever watched an overwrought parent try to negotiate with a misbehaving five-year-old? Instead of telling the kid to stop being a brat, the parent tries to persuade the child why it’s important to stop being a brat, hoping the child will stop being a brat because he sees the light and learns an important life lesson in the process. You want to shout, “just tell him to stop it!”</p><p>This is what’s going on with Facebook and its oversight board. Facebook is trying to dodge responsibility for making a decision sure to be unpopular with some of its users. The oversight board, relishing its own perceived importance, issued an11,800 word communiquethat didn’t resolve anything. The real answer is painfully obvious: Facebook should permanently ban anybody who’s a chronic liar and violence inciter. Yet nobody in Faceworld can say it.</p><p>Let’s quickly review what’s really happening in the Facebook saga, by annotating the motives of the key players. It won’t take thousands of words.</p><p><b>Donald Trump.</b>He wants the largest possible audience for his propaganda, includinghis lies about the 2020 election being stolenfrom him. Trump is a wannabe despot whoclaims persecutionto distract followers from his aberrant behavior and his election losses. It also helps him raise money from gullible sympathizers. As a private-sector entity, Facebook has the right to boot users who cause the company trouble, which Trump clearly did. There’s no free speech or First Amendment issue at all, because Trump is still free to publish his own views on a platform of his own. If it were a free speech issue, Facebook could cite the First Amendment to declare it faces no obligation to publish anybody's views, just as a newspaper doesn't have to run government manifestoes. Trump's claim of “censorship” is ridiculous, but it obviously keeps him in the news and fires up his supporters.</p><p><b>The Trump cult.</b>Echoing Trump,other Republican politiciansclaim Facebook and other social-media sites single out conservatives for “censorship.” They’re mixing up cause and effect. Election lies and other disinformation are now a staple of the Trump wing of the Republican party, and these lies trigger retaliation by the companies hosting the offending accounts. If Trumpers lied less, social media would “censor” them less. Most of them know this, but “censorship” gives them a bogus cause that helps generate outrage among their followers and juice their own campaign contributions.</p><p><b>Mark Zuckerberg.</b>The Facebook CEO cares about making money above all, and there’s not necessarily anything wrong with that. Zuckerberg wants to outsource the decision about Trump so that he and the company don’t seem to be directly responsible for an outcome likely to anger millions of conservative Facebook users. He may also want to have plausible deniability the next time he testifies before Congress, so that when a Trump lackey such as Rep. Jim Jordan (R., Ohio) tries to pillory Zuckerberg for persecuting Trump, Zuckerberg can say, “it wasn’t me.” It’s not clear Facebook is actually losing money because of the Trump feud, but even if it is, Zuckerberg has miscalculated by failing to account for other damage caused by allowing the Trump debacle to fester.</p><p><b>Democrats.</b>They don’t like Facebook either, but Sen. Elizabeth Warren and other Facebook critics on the left have a different gripe:Facebook abuses user dataand hastoo much powerin the digital advertising market. Facebook has few friends in Congress, but it does have one important thing going for it: The company’s Republican and Democratic critics are so divided that they may never agree on any legislation that reins in the company’s power.</p><p>There’s only one way the Facebook-Trump saga can end: A permanent Trump ban. Trump will never stop lying, and any negotiated return to Facebook would only restart the cycle. Around the same time Facebook indefinitely banned Trump, Twitteraxed his account permanently. It didn’t drag out the decision or ask somebody else to decide for it. Twitter (TWTR) is no longer explaining or relitigating its Trump decision, which is where Facebook might be in a year or two. It has already taken too long.</p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The real story of the Trump-Facebook saga</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe real story of the Trump-Facebook saga\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 16:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/the-real-story-of-the-trump-facebook-saga-145941882.html><strong>Yahoo Finance </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s not this complicated.Like other bumbling corporations reluctant to take a stand, Facebook and its CEO, Mark Zuckerberg, have turned a temporary controversy into an ongoing fiasco. The social-...</p>\n\n<a href=\"https://finance.yahoo.com/news/the-real-story-of-the-trump-facebook-saga-145941882.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/the-real-story-of-the-trump-facebook-saga-145941882.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170905579","content_text":"It’s not this complicated.Like other bumbling corporations reluctant to take a stand, Facebook and its CEO, Mark Zuckerberg, have turned a temporary controversy into an ongoing fiasco. The social-media giant could have permanently banned then-President Donald Trump on Jan. 7, after he used the platform to lie about the 2020 election and praise rioters trying to seize control of the US Capitol the day before. Trump and his supporters would have squealed, but decisive action by Facebook would have left them no choice: Deal with it.Instead, Facebook (FB) suspended Trump’s account “indefinitely,” while asking the company’s “oversight board”—a group of outside policy experts—to recommend a permanent solution. On May 5, the board “upheld” Facebook’s decision to exile Trump, but it alsodinged Facebook for the arbitrary application of vague standards. Instead of handing the company a simple answer, it told Facebook to come up with a permanent solution of its own within six months.Have you ever watched an overwrought parent try to negotiate with a misbehaving five-year-old? Instead of telling the kid to stop being a brat, the parent tries to persuade the child why it’s important to stop being a brat, hoping the child will stop being a brat because he sees the light and learns an important life lesson in the process. You want to shout, “just tell him to stop it!”This is what’s going on with Facebook and its oversight board. Facebook is trying to dodge responsibility for making a decision sure to be unpopular with some of its users. The oversight board, relishing its own perceived importance, issued an11,800 word communiquethat didn’t resolve anything. The real answer is painfully obvious: Facebook should permanently ban anybody who’s a chronic liar and violence inciter. Yet nobody in Faceworld can say it.Let’s quickly review what’s really happening in the Facebook saga, by annotating the motives of the key players. It won’t take thousands of words.Donald Trump.He wants the largest possible audience for his propaganda, includinghis lies about the 2020 election being stolenfrom him. Trump is a wannabe despot whoclaims persecutionto distract followers from his aberrant behavior and his election losses. It also helps him raise money from gullible sympathizers. As a private-sector entity, Facebook has the right to boot users who cause the company trouble, which Trump clearly did. There’s no free speech or First Amendment issue at all, because Trump is still free to publish his own views on a platform of his own. If it were a free speech issue, Facebook could cite the First Amendment to declare it faces no obligation to publish anybody's views, just as a newspaper doesn't have to run government manifestoes. Trump's claim of “censorship” is ridiculous, but it obviously keeps him in the news and fires up his supporters.The Trump cult.Echoing Trump,other Republican politiciansclaim Facebook and other social-media sites single out conservatives for “censorship.” They’re mixing up cause and effect. Election lies and other disinformation are now a staple of the Trump wing of the Republican party, and these lies trigger retaliation by the companies hosting the offending accounts. If Trumpers lied less, social media would “censor” them less. Most of them know this, but “censorship” gives them a bogus cause that helps generate outrage among their followers and juice their own campaign contributions.Mark Zuckerberg.The Facebook CEO cares about making money above all, and there’s not necessarily anything wrong with that. Zuckerberg wants to outsource the decision about Trump so that he and the company don’t seem to be directly responsible for an outcome likely to anger millions of conservative Facebook users. He may also want to have plausible deniability the next time he testifies before Congress, so that when a Trump lackey such as Rep. Jim Jordan (R., Ohio) tries to pillory Zuckerberg for persecuting Trump, Zuckerberg can say, “it wasn’t me.” It’s not clear Facebook is actually losing money because of the Trump feud, but even if it is, Zuckerberg has miscalculated by failing to account for other damage caused by allowing the Trump debacle to fester.Democrats.They don’t like Facebook either, but Sen. Elizabeth Warren and other Facebook critics on the left have a different gripe:Facebook abuses user dataand hastoo much powerin the digital advertising market. Facebook has few friends in Congress, but it does have one important thing going for it: The company’s Republican and Democratic critics are so divided that they may never agree on any legislation that reins in the company’s power.There’s only one way the Facebook-Trump saga can end: A permanent Trump ban. Trump will never stop lying, and any negotiated return to Facebook would only restart the cycle. Around the same time Facebook indefinitely banned Trump, Twitteraxed his account permanently. It didn’t drag out the decision or ask somebody else to decide for it. Twitter (TWTR) is no longer explaining or relitigating its Trump decision, which is where Facebook might be in a year or two. It has already taken too long.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190104860,"gmtCreate":1620604048050,"gmtModify":1634197852012,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/190104860","repostId":"2133837186","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107718754,"gmtCreate":1620538245778,"gmtModify":1634198151932,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Help to like and comment","listText":"Help to like and comment","text":"Help to like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/107718754","repostId":"1193602237","repostType":4,"repost":{"id":"1193602237","kind":"news","pubTimestamp":1620471120,"share":"https://www.laohu8.com/m/news/1193602237?lang=&edition=full","pubTime":"2021-05-08 18:52","market":"us","language":"en","title":"U.S. hiring takes big step back as businesses scramble for workers, raw materials","url":"https://stock-news.laohu8.com/highlight/detail?id=1193602237","media":"reuters","summary":"U.S. employers likely hired nearly a million workers in April as they rushed to meet a surge in dema","content":"<p>U.S. employers likely hired nearly a million workers in April as they rushed to meet a surge in demand, unleashed by the reopening of the economy amid rapidly improving public health and massive financial help from the government.</p><p>The Labor Department's closely watched employment report on Friday will be the first to show the impact of the White House's $1.9 trillion COVID-19 pandemic rescue package, which was approved in March. It is likely to show the economy entered the second quarter with even greater momentum, firmly putting it on track this year for its best performance in almost four decades.</p><p>\"We are looking for a pretty good figure, reflecting the ongoing reopening we have seen,\" said James Knightley, chief international economist at ING in New York. \"With cash in people's pockets, economic activity is looking good and that should lead to more and more hiring right across the economy.\"</p><p>According to a Reuters survey of economists, nonfarm payrolls likely increased by 978,000 jobs last month after rising by 916,000 in March. That would leave employment about 7.5 million jobs below its peak in February 2020.</p><p>Twelve months ago, the economy purged a record 20.679 million jobs as it reeled from mandatory closures of nonessential businesses to slow the first wave of COVID-19 infections.</p><p>April's payrolls estimates range from as low as 656,000 to as high as 2.1 million jobs. New claims for unemployment benefits have dropped below 500,000 for the first-time since the pandemic started and job cuts announced by U.S.-based employers in April were the lowest in nearly 21 years.</p><p>Also arguing for another month of blockbuster job growth, consumers' perceptions of the labor market are the strongest in 13 months. But the pent-up demand, which contributed to the economy's 6.4% annualized growth pace in the first quarter, the second-fastest since the third quarter of 2003, has triggered shortages of labor and raw materials.</p><p>From manufacturing to restaurants, employers are scrambling for workers. A range of factors, including parents still at home caring for children, coronavirus-related retirements and generous unemployment checks, are blamed for the labor shortages.</p><p>\"While we do not expect that lack of workers will weigh noticeably on April employment, rehiring could become more difficult in coming months before expanded unemployment benefits expire in September,\" said Veronica Clark, an economist at Citigroup in New York.</p><p>Payroll gains were likely led by the leisure and hospitality industry as more high-contact businesses such as restaurants, bars and amusement parks reopen. Americans over the age of 16 are now eligible to receive the COVID-19 vaccine, leading states like New York, New Jersey and Connecticut to lift most of their coronavirus capacity restrictions on businesses.</p><p>BROAD EMPLOYMENT GAINS</p><p>Solid gains were also expected in manufacturing, despite a global semiconductor chip shortage, which has forced motor vehicle manufacturers to cut production. Strong housing demand likely boosted construction payrolls.</p><p>Government employment is also expected to have picked up as school districts hired more teachers following the resumption of in-person learning in many states.</p><p>Robust hiring is unlikely to have an impact on President Joe Biden's plan to spend another $4 trillion on education and childcare, middle- and low-income families, infrastructure and jobs. Neither was it expected to influence monetary policy, with the Federal Reserve having signaled it is prepared to let the economy run hotter than it did in previous cycles.</p><p>Millions of Americans remain out of work and many have permanently lost jobs because of the pandemic.</p><p>\"Nobody knows what the economy is going to look like post COVID,\" said Steven Blitz, chief U.S. economist at TS Lombard in New York. \"There is a stubbornly high number of people who have been permanently displaced. The (spending) plans are about giving the economy a higher trajectory of growth so that these people can be hired sooner rather than later.\"</p><p>The unemployment rate is forecast dropping to 5.8% in April from 6.0% in March. The unemployment rate has been understated by people misclassifying themselves as being \"employed but absent from work.\"</p><p>To gauge the recovery, economists will focus on the number of people who have been unemployed for more than six months as well as those out of work because of permanent job losses.</p><p>The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, likely improved last month, though it remained below its pre-pandemic level. More than 4 million people, many of them women, dropped out of the labor force during the pandemic.</p><p>With the lower-wage leisure and hospitality industry expected to dominate employment gains, average hourly earnings were likely unchanged in April after dipping 0.1% in March. That would lead to a 0.4% drop in wages on a year-on-year basis after a 4.2% increase in March.</p><p>\"We will be watching average hourly earnings very closely for signs that difficulty in hiring qualified workers is beginning to boost compensation,\" said David Kelly, chief global strategist at J.P. Morgan Asset Management in New York.</p><p>\"If tightening labor markets boost wage growth, then the inflation bounce which the Fed is anticipating to be modest and transitory could turn out to be stronger and longer-lasting, leading to earlier Fed tightening.\"</p><p>The anticipated drop in wages will have no impact on consumer spending, with Americans sitting on more than $2 trillion in excess savings. The average workweek was forecast steady at 34.9 hours.</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>U.S. hiring takes big step back as businesses scramble for workers, raw materials</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\">\nU.S. hiring takes big step back as businesses scramble for workers, raw materials\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 18:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/markets><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. employers likely hired nearly a million workers in April as they rushed to meet a surge in demand, unleashed by the reopening of the economy amid rapidly improving public health and massive ...</p>\n\n<a href=\"https://www.reuters.com/markets\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193602237","content_text":"U.S. employers likely hired nearly a million workers in April as they rushed to meet a surge in demand, unleashed by the reopening of the economy amid rapidly improving public health and massive financial help from the government.The Labor Department's closely watched employment report on Friday will be the first to show the impact of the White House's $1.9 trillion COVID-19 pandemic rescue package, which was approved in March. It is likely to show the economy entered the second quarter with even greater momentum, firmly putting it on track this year for its best performance in almost four decades.\"We are looking for a pretty good figure, reflecting the ongoing reopening we have seen,\" said James Knightley, chief international economist at ING in New York. \"With cash in people's pockets, economic activity is looking good and that should lead to more and more hiring right across the economy.\"According to a Reuters survey of economists, nonfarm payrolls likely increased by 978,000 jobs last month after rising by 916,000 in March. That would leave employment about 7.5 million jobs below its peak in February 2020.Twelve months ago, the economy purged a record 20.679 million jobs as it reeled from mandatory closures of nonessential businesses to slow the first wave of COVID-19 infections.April's payrolls estimates range from as low as 656,000 to as high as 2.1 million jobs. New claims for unemployment benefits have dropped below 500,000 for the first-time since the pandemic started and job cuts announced by U.S.-based employers in April were the lowest in nearly 21 years.Also arguing for another month of blockbuster job growth, consumers' perceptions of the labor market are the strongest in 13 months. But the pent-up demand, which contributed to the economy's 6.4% annualized growth pace in the first quarter, the second-fastest since the third quarter of 2003, has triggered shortages of labor and raw materials.From manufacturing to restaurants, employers are scrambling for workers. A range of factors, including parents still at home caring for children, coronavirus-related retirements and generous unemployment checks, are blamed for the labor shortages.\"While we do not expect that lack of workers will weigh noticeably on April employment, rehiring could become more difficult in coming months before expanded unemployment benefits expire in September,\" said Veronica Clark, an economist at Citigroup in New York.Payroll gains were likely led by the leisure and hospitality industry as more high-contact businesses such as restaurants, bars and amusement parks reopen. Americans over the age of 16 are now eligible to receive the COVID-19 vaccine, leading states like New York, New Jersey and Connecticut to lift most of their coronavirus capacity restrictions on businesses.BROAD EMPLOYMENT GAINSSolid gains were also expected in manufacturing, despite a global semiconductor chip shortage, which has forced motor vehicle manufacturers to cut production. Strong housing demand likely boosted construction payrolls.Government employment is also expected to have picked up as school districts hired more teachers following the resumption of in-person learning in many states.Robust hiring is unlikely to have an impact on President Joe Biden's plan to spend another $4 trillion on education and childcare, middle- and low-income families, infrastructure and jobs. Neither was it expected to influence monetary policy, with the Federal Reserve having signaled it is prepared to let the economy run hotter than it did in previous cycles.Millions of Americans remain out of work and many have permanently lost jobs because of the pandemic.\"Nobody knows what the economy is going to look like post COVID,\" said Steven Blitz, chief U.S. economist at TS Lombard in New York. \"There is a stubbornly high number of people who have been permanently displaced. The (spending) plans are about giving the economy a higher trajectory of growth so that these people can be hired sooner rather than later.\"The unemployment rate is forecast dropping to 5.8% in April from 6.0% in March. The unemployment rate has been understated by people misclassifying themselves as being \"employed but absent from work.\"To gauge the recovery, economists will focus on the number of people who have been unemployed for more than six months as well as those out of work because of permanent job losses.The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, likely improved last month, though it remained below its pre-pandemic level. More than 4 million people, many of them women, dropped out of the labor force during the pandemic.With the lower-wage leisure and hospitality industry expected to dominate employment gains, average hourly earnings were likely unchanged in April after dipping 0.1% in March. That would lead to a 0.4% drop in wages on a year-on-year basis after a 4.2% increase in March.\"We will be watching average hourly earnings very closely for signs that difficulty in hiring qualified workers is beginning to boost compensation,\" said David Kelly, chief global strategist at J.P. Morgan Asset Management in New York.\"If tightening labor markets boost wage growth, then the inflation bounce which the Fed is anticipating to be modest and transitory could turn out to be stronger and longer-lasting, leading to earlier Fed tightening.\"The anticipated drop in wages will have no impact on consumer spending, with Americans sitting on more than $2 trillion in excess savings. The average workweek was forecast steady at 34.9 hours.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107718276,"gmtCreate":1620538215395,"gmtModify":1634198152291,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Help like and comment","listText":"Help like and comment","text":"Help like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/107718276","repostId":"2133837186","repostType":4,"repost":{"id":"2133837186","kind":"news","pubTimestamp":1620465600,"share":"https://www.laohu8.com/m/news/2133837186?lang=&edition=full","pubTime":"2021-05-08 17:20","market":"us","language":"en","title":"Three Chinese telecom companies to be delisted by NYSE","url":"https://stock-news.laohu8.com/highlight/detail?id=2133837186","media":"StreetInsider","summary":" - Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.In separate announcements earlier on Friday, China Mobile Ltd; China Unicom and China Telecom Corp said they expect the NYSE to notify regulators of their delistings after the companies unsuccessfully appealed the move.The companies said their delistings will be effective 10 days after the exchange files a Form 25 to the U","content":"<p>(Reuters) - Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.</p><p>In separate announcements earlier on Friday, China Mobile Ltd; China Unicom and China Telecom Corp said they expect the NYSE to notify regulators of their delistings after the companies unsuccessfully appealed the move.</p><p>A NYSE spokesman declined to comment.</p><p>The companies said their delistings will be effective 10 days after the exchange files a Form 25 to the U.S. Securities and Exchange Commission.</p>","source":"highlight_streetinsider","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>Three Chinese telecom companies to be delisted by NYSE</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\">\nThree Chinese telecom companies to be delisted by NYSE\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18388385><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.In separate ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18388385\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CHU":"中国联通(香港)"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18388385","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133837186","content_text":"(Reuters) - Three Chinese telecommunications companies said on Friday they will be delisted by the New York Stock Exchange in line with U.S. investment restrictions dating to last year.In separate announcements earlier on Friday, China Mobile Ltd; China Unicom and China Telecom Corp said they expect the NYSE to notify regulators of their delistings after the companies unsuccessfully appealed the move.A NYSE spokesman declined to comment.The companies said their delistings will be effective 10 days after the exchange files a Form 25 to the U.S. Securities and Exchange Commission.","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104398246,"gmtCreate":1620353865085,"gmtModify":1634205826242,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/104398246","repostId":"1159582956","repostType":4,"repost":{"id":"1159582956","kind":"news","pubTimestamp":1620353641,"share":"https://www.laohu8.com/m/news/1159582956?lang=&edition=full","pubTime":"2021-05-07 10:14","market":"hk","language":"en","title":"Steel prices have tripled. Now Bank of America is sounding the alarm","url":"https://stock-news.laohu8.com/highlight/detail?id=1159582956","media":"CNN","summary":"New York (CNN Business)A bubble could be brewing in steel stocks.The pandemic brought the American s","content":"<p>New York (CNN Business)A bubble could be brewing in steel stocks.</p><p>The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut down production as they struggled to survive the imploding economy. But as the recovery got underway, mills were slow to resume production, and that created a massive steel shortage.Now, thereopening of the economyis driving a steel boom so strong that some are convinced it will end in tears.</p><blockquote>The correction will be very intense. It's just a matter of when and how it happens.\"PHIL GIBBS, DIRECTOR OF METALS EQUITY RESEARCH AT KEYBANC CAPITAL MARKETS</blockquote><p>\"This is going to be short-lived. It's very appropriate to call this a bubble,\" Bank of America analyst Timna Tanners told CNN Business, using the \"b-word\" that equity analysts from major banks typically avoid.</p><p>After bottoming out around $460 last year, US benchmark hot-rolled coil steel prices are now sitting at around $1,500 a ton, a record high that is nearly triple the 20-year average.</p><p>Steel stocks are on fire.US Steel(X), whichcrashed to a record low last Marchamid bankruptcy fears, has skyrocketed 200% in just 12 months.Nucor(NUE)has spiked 76% this year alone.</p><p>While \"scarcity and panic\" are lifting steel prices and stocks today, Tanners predicted a painful reversal as supply catches up with what she described as unimpressive demand.\"</p><p>We expect this will correct — and often when it corrects, it over-corrects,\" said Tanners, a two-decade veteran of the metals industry who authored a report last week headlined \"Steel stocks in a bubble.\"<img src=\"https://static.tigerbbs.com/f33289af0729f9042e5dcc23e7f56ad7\" tg-width=\"782\" tg-height=\"522\">'A bit frothy'</p><p>Phil Gibbs, director of metals equity research at KeyBanc Capital Markets, agreed that steel prices are at unsustainable levels.</p><p>\"This would be like $170-a-barrel oil. At some point, people will say, 'F this, I'm not going to drive, I will take the bus,'\" Gibbs told CNN Business. \"The correction will be very intense. It's just a matter of when and how it happens.\"</p><p>Gibbs said he is \"more confident the steel price is in a bubble,\" rather than that steel stocks themselves are in a bubble.</p><p>The steel bubble buzz is just the latest debate about the sustainability of booming pockets of the market in this era of rock-bottom interest rates. Bitcoin, ethereum, dogecoin and other cryptocurrencies are on fire. GameStop (GME), AMC (AMC) and their fellow Reddit-fueled stocks skyrocketed earlier this year. And blank-check companies, some backed by celebrities, are raising gobs of money.</p><p>Even Federal Reserve Chairman Jerome Powell has acknowledged the risk of overspeculation.</p><p>\"You are seeing things in capital markets that are a bit frothy,\" Powell said during last week's press conference. \"That's a fact. I won't say it has nothing to do with monetary policy, but also it has a tremendous amount to do with vaccination and reopening of the economy.\"</p><p>Yet another shortage as the economy reopens</p><p>Steel is just the latest shortage to hit the US economy as it recovers from a pandemic that scrambled supply chains and set off sharp shifts in demand.</p><p>Everything from computer chips and lumber to chlorine and tanker truck drivers are in short supply. Manufacturers, restaurants and other businesses are also desperate for workers.</p><p>Meanwhile, the International Energy Agency warned this week that there isn't enough copper, lithium and other raw earth minerals available to make global clean energy ambitions a reality. The world risks \"running out of copper,\" Bank of America strategists said in a recent note to clients.</p><p>Much like lumber, the steel industry was caught off guard by the rapid recovery in demand that began last summer — especially in the auto industry.</p><p>\"All of a sudden people were buying lots of cars,\" said Tanners, the Bank of America analyst.</p><p>And it took time for America's aging steel mills to resume the production they had sharply cut at the onset of the pandemic. Steel inventories shrank rapidly and shipments were delayed, just as steel buyers began ordering more than usual.</p><p>'Peak' prices?</p><p>The good news, for steel buyers at least, is that analysts say all of the US steel production capacity that was idled during the pandemic has returned.</p><p>That's why Tanners said she's very confident the shortage will soon end, causing steel prices to collapse. History shows that steel stocks \"tend to peak\" a month or so before steel prices, Tanners wrote in her report.</p><p>She said US Steel in particular is vulnerable to a commodity downturn because it has the most amount of debt and the greatest need to spend to upgrade its plants.</p><p>But for now, steel stocks may continue to look attractive to investors because the industry is minting money at the moment. The North American flat steel sector is expected to generate record earnings in 2021, according to Citigroup.</p><p>\"Current steel prices are peak (or close to it) ... and will correct sharply lower at some point,\" Citi analyst Alexander Hacking wrote in a note to clients Wednesday. \"The current scenario presents investors with the classic peak earnings dilemma.\"</p><p>Hacking warned though that steel stocks can't escape a commodity downturn. \"We can recall exactly zero examples where steel equities have gone up during 25%+ metal price corrections,\" he wrote.</p><p>The fate of Trump's tariffs</p><p>Of course, those predicting a steel downturn may be underestimating the strength of the global economic recovery. A longer lasting boom could lift steel demand enough to keep prices lofty. Another risk is whether tougher environmental regulations in China will limit steel supply there.</p><p>One big wildcard is the fate of the tariffs on most imported steel the Trump administration imposed in 2018 to boost the domestic industry.</p><p>If the Biden administration rolls back even just some of those tariffs, it would ease supply constraints and weigh on steel prices.</p><p>Tanners thinks that is likely to happen in the next 12 months.</p><p>\"We are protecting an industry where there is scarcity and prices are almost triple historical averages,\" she said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Steel prices have tripled. Now Bank of America is sounding the alarm</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\">\nSteel prices have tripled. Now Bank of America is sounding the alarm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/05/06/investing/steel-shortage-stocks-bubble/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)A bubble could be brewing in steel stocks.The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut down production as they ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/06/investing/steel-shortage-stocks-bubble/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM"},"source_url":"https://edition.cnn.com/2021/05/06/investing/steel-shortage-stocks-bubble/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159582956","content_text":"New York (CNN Business)A bubble could be brewing in steel stocks.The pandemic brought the American steel industry to its knees last spring, forcing manufacturers to shut down production as they struggled to survive the imploding economy. But as the recovery got underway, mills were slow to resume production, and that created a massive steel shortage.Now, thereopening of the economyis driving a steel boom so strong that some are convinced it will end in tears.The correction will be very intense. It's just a matter of when and how it happens.\"PHIL GIBBS, DIRECTOR OF METALS EQUITY RESEARCH AT KEYBANC CAPITAL MARKETS\"This is going to be short-lived. It's very appropriate to call this a bubble,\" Bank of America analyst Timna Tanners told CNN Business, using the \"b-word\" that equity analysts from major banks typically avoid.After bottoming out around $460 last year, US benchmark hot-rolled coil steel prices are now sitting at around $1,500 a ton, a record high that is nearly triple the 20-year average.Steel stocks are on fire.US Steel(X), whichcrashed to a record low last Marchamid bankruptcy fears, has skyrocketed 200% in just 12 months.Nucor(NUE)has spiked 76% this year alone.While \"scarcity and panic\" are lifting steel prices and stocks today, Tanners predicted a painful reversal as supply catches up with what she described as unimpressive demand.\"We expect this will correct — and often when it corrects, it over-corrects,\" said Tanners, a two-decade veteran of the metals industry who authored a report last week headlined \"Steel stocks in a bubble.\"'A bit frothy'Phil Gibbs, director of metals equity research at KeyBanc Capital Markets, agreed that steel prices are at unsustainable levels.\"This would be like $170-a-barrel oil. At some point, people will say, 'F this, I'm not going to drive, I will take the bus,'\" Gibbs told CNN Business. \"The correction will be very intense. It's just a matter of when and how it happens.\"Gibbs said he is \"more confident the steel price is in a bubble,\" rather than that steel stocks themselves are in a bubble.The steel bubble buzz is just the latest debate about the sustainability of booming pockets of the market in this era of rock-bottom interest rates. Bitcoin, ethereum, dogecoin and other cryptocurrencies are on fire. GameStop (GME), AMC (AMC) and their fellow Reddit-fueled stocks skyrocketed earlier this year. And blank-check companies, some backed by celebrities, are raising gobs of money.Even Federal Reserve Chairman Jerome Powell has acknowledged the risk of overspeculation.\"You are seeing things in capital markets that are a bit frothy,\" Powell said during last week's press conference. \"That's a fact. I won't say it has nothing to do with monetary policy, but also it has a tremendous amount to do with vaccination and reopening of the economy.\"Yet another shortage as the economy reopensSteel is just the latest shortage to hit the US economy as it recovers from a pandemic that scrambled supply chains and set off sharp shifts in demand.Everything from computer chips and lumber to chlorine and tanker truck drivers are in short supply. Manufacturers, restaurants and other businesses are also desperate for workers.Meanwhile, the International Energy Agency warned this week that there isn't enough copper, lithium and other raw earth minerals available to make global clean energy ambitions a reality. The world risks \"running out of copper,\" Bank of America strategists said in a recent note to clients.Much like lumber, the steel industry was caught off guard by the rapid recovery in demand that began last summer — especially in the auto industry.\"All of a sudden people were buying lots of cars,\" said Tanners, the Bank of America analyst.And it took time for America's aging steel mills to resume the production they had sharply cut at the onset of the pandemic. Steel inventories shrank rapidly and shipments were delayed, just as steel buyers began ordering more than usual.'Peak' prices?The good news, for steel buyers at least, is that analysts say all of the US steel production capacity that was idled during the pandemic has returned.That's why Tanners said she's very confident the shortage will soon end, causing steel prices to collapse. History shows that steel stocks \"tend to peak\" a month or so before steel prices, Tanners wrote in her report.She said US Steel in particular is vulnerable to a commodity downturn because it has the most amount of debt and the greatest need to spend to upgrade its plants.But for now, steel stocks may continue to look attractive to investors because the industry is minting money at the moment. The North American flat steel sector is expected to generate record earnings in 2021, according to Citigroup.\"Current steel prices are peak (or close to it) ... and will correct sharply lower at some point,\" Citi analyst Alexander Hacking wrote in a note to clients Wednesday. \"The current scenario presents investors with the classic peak earnings dilemma.\"Hacking warned though that steel stocks can't escape a commodity downturn. \"We can recall exactly zero examples where steel equities have gone up during 25%+ metal price corrections,\" he wrote.The fate of Trump's tariffsOf course, those predicting a steel downturn may be underestimating the strength of the global economic recovery. A longer lasting boom could lift steel demand enough to keep prices lofty. Another risk is whether tougher environmental regulations in China will limit steel supply there.One big wildcard is the fate of the tariffs on most imported steel the Trump administration imposed in 2018 to boost the domestic industry.If the Biden administration rolls back even just some of those tariffs, it would ease supply constraints and weigh on steel prices.Tanners thinks that is likely to happen in the next 12 months.\"We are protecting an industry where there is scarcity and prices are almost triple historical averages,\" she said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104391276,"gmtCreate":1620353812495,"gmtModify":1634205826940,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Liek and comment thanks","listText":"Liek and comment thanks","text":"Liek and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/104391276","repostId":"1186778449","repostType":4,"repost":{"id":"1186778449","kind":"news","pubTimestamp":1620341777,"share":"https://www.laohu8.com/m/news/1186778449?lang=&edition=full","pubTime":"2021-05-07 06:56","market":"us","language":"en","title":"Dow closes at record high after upbeat jobless claims report","url":"https://stock-news.laohu8.com/highlight/detail?id=1186778449","media":"Reuters","summary":"The Dow Jones Industrial Averageclosed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.Lifted by $Apple$ Inc, the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.$Investors$ were awaiting a mor","content":"<p>The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.</p><p>Lifted by <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), the S&amp;P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.</p><p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.</p><p>\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.</p><p>Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.</p><p>Shares in <a href=\"https://laohu8.com/S/PFE\">Pfizer</a> Inc(PFE.N), Moderna Inc(MRNA.O)and <a href=\"https://laohu8.com/S/NVAX\">Novavax</a> Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. <a href=\"https://laohu8.com/S/00179\">Johnson</a> &amp; Johnson(JNJ.N)was near unchanged.</p><p>The S&amp;P 500 healthcare sector index(.SPXHC)slipped, while the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> biotechnology index &lt;.NBI&gt; also dropped.</p><p>Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.</p><p>The S&amp;P 500 financials index(.SPSY)was among the top performers.</p><p>\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as <a href=\"https://laohu8.com/S/AONE\">one</a> that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp(MSFT.O), Apple(AAPL.O)and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Incwere up under 1% for most of the session.</p><p>Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&amp;P 500(.SPX)gained 0.82% to 4,201.58.</p><p>The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.</p><p><a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&amp;P 500 consumers staple index higher.</p><p><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals</a> Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.</p><p><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.</p><p><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">Square</a> gets a bitcoin boost with revenue up 266%</a></p><p><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">Beyond Meat swings to a loss as grocery sales growth slows</a></p><p><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku Q1 Active Account Growth Slows, Revenue Booms 79%</a></p><p><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton Crushes Forecasts But Cuts <a href=\"https://laohu8.com/S/GUID\">Guidance</a> Amid Treadmill Recall</a></p><p><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">AMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back</a></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>Dow closes at record high after upbeat jobless claims report</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\">\nDow closes at record high after upbeat jobless claims report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 06:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden ...</p>\n\n<a href=\"https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"REGN":"再生元制药公司","NVAX":"诺瓦瓦克斯医药",".DJI":"道琼斯","COST":"好市多","MRNA":"Moderna, Inc.","JNJ":"强生","SQ":"Block","AAPL":"苹果",".SPX":"S&P 500 Index","BYND":"Beyond Meat, Inc.",".IXIC":"NASDAQ Composite","MSFT":"微软","ROKU":"Roku Inc","PTON":"Peloton Interactive, Inc.","PFE":"辉瑞","UBER":"优步"},"source_url":"https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186778449","content_text":"The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.Lifted by Apple Inc(AAPL.O), the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.Investors were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.Shares in Pfizer Inc(PFE.N), Moderna Inc(MRNA.O)and Novavax Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. Johnson & Johnson(JNJ.N)was near unchanged.The S&P 500 healthcare sector index(.SPXHC)slipped, while the Nasdaq biotechnology index <.NBI> also dropped.Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.The S&P 500 financials index(.SPSY)was among the top performers.\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as one that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.Microsoft Corp(MSFT.O), Apple(AAPL.O)and Amazon.com Incwere up under 1% for most of the session.Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&P 500(.SPX)gained 0.82% to 4,201.58.The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.Costco Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&P 500 consumers staple index higher.Regeneron Pharmaceuticals Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.Uber Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.Square gets a bitcoin boost with revenue up 266%Beyond Meat swings to a loss as grocery sales growth slowsRoku Q1 Active Account Growth Slows, Revenue Booms 79%Peloton Crushes Forecasts But Cuts Guidance Amid Treadmill RecallAMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back","news_type":1},"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105494120,"gmtCreate":1620314751160,"gmtModify":1634206126693,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Let's go!","listText":"Let's go!","text":"Let's go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/105494120","repostId":"2133387578","repostType":4,"repost":{"id":"2133387578","kind":"highlight","pubTimestamp":1620296700,"share":"https://www.laohu8.com/m/news/2133387578?lang=&edition=full","pubTime":"2021-05-06 18:25","market":"us","language":"en","title":"Think Stocks Will Crash in May? Do These 4 Things Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2133387578","media":"Motley Fool","summary":"Stock market downturns can be daunting. Here's what you need to do to prepare.","content":"<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.</p>\n<p>Of course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced <a href=\"https://laohu8.com/S/AONE\">one</a> before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.</p>\n<h2>1. Pad your emergency savings</h2>\n<p>What does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.</p>\n<h2>2. Diversify</h2>\n<p>A diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an <b>S&amp;P 500</b> index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.</p>\n<h2>3. Add dividend stocks to your portfolio</h2>\n<p>Companies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.</p>\n<h2>4. Stockpile some cash</h2>\n<p>Market crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.</p>\n<p>Even if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Think Stocks Will Crash in May? Do These 4 Things Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThink Stocks Will Crash in May? Do These 4 Things Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 18:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133387578","content_text":"When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.\nOf course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced one before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.\n1. Pad your emergency savings\nWhat does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.\n2. Diversify\nA diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in one or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an S&P 500 index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.\n3. Add dividend stocks to your portfolio\nCompanies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.\n4. Stockpile some cash\nMarket crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.\nEven if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105495870,"gmtCreate":1620314713290,"gmtModify":1634206127283,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Like and commentn","listText":"Like and commentn","text":"Like and commentn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/105495870","repostId":"1188985089","repostType":4,"repost":{"id":"1188985089","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620309854,"share":"https://www.laohu8.com/m/news/1188985089?lang=&edition=full","pubTime":"2021-05-06 22:04","market":"other","language":"en","title":"Yale's chief investment manager David Swensen dies at 67","url":"https://stock-news.laohu8.com/highlight/detail?id=1188985089","media":"Tiger Newspress","summary":"David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage th","content":"<p>David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.</p><p>After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.</p><p>His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.</p><p>“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”</p><p>The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.</p><p>Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.</p><p><b>Early life and education</b></p><p>David F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,<i>A Model for the Valuation ofCorporate Bonds.</i>One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"</p><p><b>Investment career</b></p><p>Swensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of&nbsp;Connecticut&nbsp;and&nbsp;Massachusetts.</p><p><b>Salomon Brothers</b></p><p>Following his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.</p><p><b>Lehman Brothers</b></p><p>Prior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers,&nbsp;specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according to<i>When Genius Failed: The Rise and Fall of Long-Term Capital Management</i>byRoger Lowenstein.</p><p><b>Yale University endowment</b></p><p>Swensen was tapped to serve as the Yale endowment manager at age 31 in 1985.&nbsp;This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut.&nbsp;A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.</p><p>As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005.&nbsp;According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.</p><p>In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.</p><p>Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of the<i>Yale Daily News</i>. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.</p><p><b>Unconventional success</b></p><p>In 2005, Swensen wrote a book called<i>Unconventional Success,</i>which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:</p><ul><li>The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.</li><li>The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).</li><li>In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).</li></ul><p>He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.</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>Yale's chief investment manager David Swensen dies at 67</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\">\nYale's chief investment manager David Swensen dies at 67\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-06 22:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.</p><p>After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.</p><p>His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.</p><p>“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”</p><p>The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.</p><p>Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.</p><p><b>Early life and education</b></p><p>David F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,<i>A Model for the Valuation ofCorporate Bonds.</i>One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"</p><p><b>Investment career</b></p><p>Swensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of&nbsp;Connecticut&nbsp;and&nbsp;Massachusetts.</p><p><b>Salomon Brothers</b></p><p>Following his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.</p><p><b>Lehman Brothers</b></p><p>Prior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers,&nbsp;specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according to<i>When Genius Failed: The Rise and Fall of Long-Term Capital Management</i>byRoger Lowenstein.</p><p><b>Yale University endowment</b></p><p>Swensen was tapped to serve as the Yale endowment manager at age 31 in 1985.&nbsp;This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut.&nbsp;A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.</p><p>As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005.&nbsp;According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.</p><p>In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.</p><p>Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of the<i>Yale Daily News</i>. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.</p><p><b>Unconventional success</b></p><p>In 2005, Swensen wrote a book called<i>Unconventional Success,</i>which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:</p><ul><li>The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.</li><li>The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).</li><li>In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).</li></ul><p>He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188985089","content_text":"David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.Early life and educationDavid F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,A Model for the Valuation ofCorporate Bonds.One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"Investment careerSwensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of Connecticut and Massachusetts.Salomon BrothersFollowing his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.Lehman BrothersPrior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers, specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according toWhen Genius Failed: The Rise and Fall of Long-Term Capital ManagementbyRoger Lowenstein.Yale University endowmentSwensen was tapped to serve as the Yale endowment manager at age 31 in 1985. This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut. A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005. According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of theYale Daily News. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.Unconventional successIn 2005, Swensen wrote a book calledUnconventional Success,which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102823592,"gmtCreate":1620195680916,"gmtModify":1634207049929,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Koment","listText":"Koment","text":"Koment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/102823592","repostId":"2133544451","repostType":4,"repost":{"id":"2133544451","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620193943,"share":"https://www.laohu8.com/m/news/2133544451?lang=&edition=full","pubTime":"2021-05-05 13:52","market":"us","language":"en","title":"S.Korea says AstraZeneca, Pfizer COVID-19 vaccines 87% effective after first shot","url":"https://stock-news.laohu8.com/highlight/detail?id=2133544451","media":"Reuters","summary":"SEOUL, May 5 (Reuters) - One dose of COVID-19 vaccines from AstraZeneca Plc and Pfizer was 86.6% eff","content":"<p>SEOUL, May 5 (Reuters) - One dose of COVID-19 vaccines from <a href=\"https://laohu8.com/S/AZNCF\">AstraZeneca Plc</a> and Pfizer was 86.6% effective in preventing infections among people aged 60 and older, real world data released by South Korea showed on Wednesday.</p>\n<p>Data by the Korea Disease Control and Prevention Agency (KDCA) showed the Pfizer vaccine, jointly developed by BioNTech</p>\n<p>, was 89.7% effective in preventing infection at least two weeks after a first dose was given, while the AstraZeneca shot was 86.0% effective.</p>\n<p>Its analysis is based on more than 3.5 million people in South Korea aged 60 and older for two months from Feb. 26 and included 521,133 people who received a first dose of either Pfizer or AstraZeneca shot.</p>\n<p>There were 1,237 COVID-19 cases in the data and only 29 were from the vaccinated group, the KDCA said.</p>\n<p>\"It is shown that both vaccines provide a high protection against the disease after the first dose. (People) should get full vaccinations according to recommended schedule, as the protection rate will go up further after a second dose,\" it said.</p>\n<p>The findings come as South Korea seeks to drum up participation in its immunisation drive after reports about potential safety issues discouraged some people from getting vaccinated.</p>\n<p>\"Around 95% of people who died from the coronavirus in our country were senior citizens aged 60 or older, and the vaccines will sharply lower risks for those people,\" health ministry official Yoon Tae-ho told a briefing on Wednesday.</p>\n<p>Yoon said the possibility of side effects including blood clotting are \"extremely low\" and they are mostly curable.</p>\n<p>South Korea has so far vaccinated 6.7% of its 52 million strong population, but has set an ambitious target of giving shots to 70% of its people by September and reaching herd immunity by November.</p>\n<p>Starting on Wednesday, South Koreans who are fully vaccinated and show a negative COVID-19 test and no symptoms will be exempted from the two-week mandatory quarantine upon their return from overseas travel, to encourages more vaccinations.</p>\n<p>The KDCA reported 676 new COVID-19 cases as of midnight on Tuesday, bringing the country's total infections to 124,945, with 1,847 deaths.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S.Korea says AstraZeneca, Pfizer COVID-19 vaccines 87% effective after first shot</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS.Korea says AstraZeneca, Pfizer COVID-19 vaccines 87% effective after first shot\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-05 13:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SEOUL, May 5 (Reuters) - One dose of COVID-19 vaccines from <a href=\"https://laohu8.com/S/AZNCF\">AstraZeneca Plc</a> and Pfizer was 86.6% effective in preventing infections among people aged 60 and older, real world data released by South Korea showed on Wednesday.</p>\n<p>Data by the Korea Disease Control and Prevention Agency (KDCA) showed the Pfizer vaccine, jointly developed by BioNTech</p>\n<p>, was 89.7% effective in preventing infection at least two weeks after a first dose was given, while the AstraZeneca shot was 86.0% effective.</p>\n<p>Its analysis is based on more than 3.5 million people in South Korea aged 60 and older for two months from Feb. 26 and included 521,133 people who received a first dose of either Pfizer or AstraZeneca shot.</p>\n<p>There were 1,237 COVID-19 cases in the data and only 29 were from the vaccinated group, the KDCA said.</p>\n<p>\"It is shown that both vaccines provide a high protection against the disease after the first dose. (People) should get full vaccinations according to recommended schedule, as the protection rate will go up further after a second dose,\" it said.</p>\n<p>The findings come as South Korea seeks to drum up participation in its immunisation drive after reports about potential safety issues discouraged some people from getting vaccinated.</p>\n<p>\"Around 95% of people who died from the coronavirus in our country were senior citizens aged 60 or older, and the vaccines will sharply lower risks for those people,\" health ministry official Yoon Tae-ho told a briefing on Wednesday.</p>\n<p>Yoon said the possibility of side effects including blood clotting are \"extremely low\" and they are mostly curable.</p>\n<p>South Korea has so far vaccinated 6.7% of its 52 million strong population, but has set an ambitious target of giving shots to 70% of its people by September and reaching herd immunity by November.</p>\n<p>Starting on Wednesday, South Koreans who are fully vaccinated and show a negative COVID-19 test and no symptoms will be exempted from the two-week mandatory quarantine upon their return from overseas travel, to encourages more vaccinations.</p>\n<p>The KDCA reported 676 new COVID-19 cases as of midnight on Tuesday, bringing the country's total infections to 124,945, with 1,847 deaths.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133544451","content_text":"SEOUL, May 5 (Reuters) - One dose of COVID-19 vaccines from AstraZeneca Plc and Pfizer was 86.6% effective in preventing infections among people aged 60 and older, real world data released by South Korea showed on Wednesday.\nData by the Korea Disease Control and Prevention Agency (KDCA) showed the Pfizer vaccine, jointly developed by BioNTech\n, was 89.7% effective in preventing infection at least two weeks after a first dose was given, while the AstraZeneca shot was 86.0% effective.\nIts analysis is based on more than 3.5 million people in South Korea aged 60 and older for two months from Feb. 26 and included 521,133 people who received a first dose of either Pfizer or AstraZeneca shot.\nThere were 1,237 COVID-19 cases in the data and only 29 were from the vaccinated group, the KDCA said.\n\"It is shown that both vaccines provide a high protection against the disease after the first dose. (People) should get full vaccinations according to recommended schedule, as the protection rate will go up further after a second dose,\" it said.\nThe findings come as South Korea seeks to drum up participation in its immunisation drive after reports about potential safety issues discouraged some people from getting vaccinated.\n\"Around 95% of people who died from the coronavirus in our country were senior citizens aged 60 or older, and the vaccines will sharply lower risks for those people,\" health ministry official Yoon Tae-ho told a briefing on Wednesday.\nYoon said the possibility of side effects including blood clotting are \"extremely low\" and they are mostly curable.\nSouth Korea has so far vaccinated 6.7% of its 52 million strong population, but has set an ambitious target of giving shots to 70% of its people by September and reaching herd immunity by November.\nStarting on Wednesday, South Koreans who are fully vaccinated and show a negative COVID-19 test and no symptoms will be exempted from the two-week mandatory quarantine upon their return from overseas travel, to encourages more vaccinations.\nThe KDCA reported 676 new COVID-19 cases as of midnight on Tuesday, bringing the country's total infections to 124,945, with 1,847 deaths.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106128136,"gmtCreate":1620094723925,"gmtModify":1634207858750,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Like and comment!","listText":"Like and comment!","text":"Like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/106128136","repostId":"1191810294","repostType":4,"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106121022,"gmtCreate":1620094619366,"gmtModify":1634207859353,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Tomorrow 5.5 sales","listText":"Tomorrow 5.5 sales","text":"Tomorrow 5.5 sales","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106121022","repostId":"1186579809","repostType":4,"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106123596,"gmtCreate":1620094581015,"gmtModify":1634207859593,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/106123596","repostId":"1184473685","repostType":4,"repost":{"id":"1184473685","kind":"news","pubTimestamp":1620094247,"share":"https://www.laohu8.com/m/news/1184473685?lang=&edition=full","pubTime":"2021-05-04 10:10","market":"us","language":"en","title":"Cathie Wood's investment firm, Elliott buy Twitter shares on dip- Bloomberg News","url":"https://stock-news.laohu8.com/highlight/detail?id=1184473685","media":"Nasdaq","summary":"Adds details on Elliott from the report\nMay 3 (Reuters)-Cathie Wood's Ark Investment Management and ","content":"<p>Adds details on Elliott from the report</p>\n<p>May 3 (Reuters)-Cathie Wood's Ark Investment Management and hedge fund Elliott Management bought shares of Twitter IncTWTR.Nlast week after the stock fell on disappointing quarterly results, Bloomberg News reported on Monday.</p>\n<p>Wood's investment firm bought about 1.3 million shares of the company worth $71 million last week, thereportsaid, citing an email on the firm's trading activity.</p>\n<p>Separately, Elliott also raised its stake in Twitter by more than $200 million and continues to buy after the sell-off began on Friday, according to anotherreportby Bloomberg News, citing people familiar with the matter.</p>\n<p>Ark Investment Management and Elliott did not immediately reply to a request for comment, while the microblogging site declined to respond.</p>\n<p>Twitter's shares closed more than 15% lower on Friday after the company offered tepid revenue guidance for the second quarter, warned of rising costs and expenses and said user growth could slow as the boost seen during the COVID-19 pandemic fizzles.</p>\n<p>(Reporting by Akanksha Rana; Editing by Shinjini Ganguli and Ramakrishnan M.)</p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood's investment firm, Elliott buy Twitter shares on dip- Bloomberg News</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood's investment firm, Elliott buy Twitter shares on dip- Bloomberg News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 10:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/cathie-woods-investment-firm-elliott-buy-twitter-shares-on-dip-bloomberg-news-2021-05-03><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Adds details on Elliott from the report\nMay 3 (Reuters)-Cathie Wood's Ark Investment Management and hedge fund Elliott Management bought shares of Twitter IncTWTR.Nlast week after the stock fell on ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/cathie-woods-investment-firm-elliott-buy-twitter-shares-on-dip-bloomberg-news-2021-05-03\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/054b8c8faee7d78a7e33d6d6bec7014a","relate_stocks":{"TWTR":"Twitter"},"source_url":"https://www.nasdaq.com/articles/cathie-woods-investment-firm-elliott-buy-twitter-shares-on-dip-bloomberg-news-2021-05-03","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184473685","content_text":"Adds details on Elliott from the report\nMay 3 (Reuters)-Cathie Wood's Ark Investment Management and hedge fund Elliott Management bought shares of Twitter IncTWTR.Nlast week after the stock fell on disappointing quarterly results, Bloomberg News reported on Monday.\nWood's investment firm bought about 1.3 million shares of the company worth $71 million last week, thereportsaid, citing an email on the firm's trading activity.\nSeparately, Elliott also raised its stake in Twitter by more than $200 million and continues to buy after the sell-off began on Friday, according to anotherreportby Bloomberg News, citing people familiar with the matter.\nArk Investment Management and Elliott did not immediately reply to a request for comment, while the microblogging site declined to respond.\nTwitter's shares closed more than 15% lower on Friday after the company offered tepid revenue guidance for the second quarter, warned of rising costs and expenses and said user growth could slow as the boost seen during the COVID-19 pandemic fizzles.\n(Reporting by Akanksha Rana; Editing by Shinjini Ganguli and Ramakrishnan M.)","news_type":1},"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106166073,"gmtCreate":1620093983492,"gmtModify":1634207864906,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Tech all red :(","listText":"Tech all red :(","text":"Tech all red :(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/106166073","repostId":"1197072150","repostType":4,"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106168947,"gmtCreate":1620093933889,"gmtModify":1634207865866,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"No capital","listText":"No capital","text":"No capital","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/106168947","repostId":"1140379495","repostType":4,"repost":{"id":"1140379495","kind":"news","pubTimestamp":1620092540,"share":"https://www.laohu8.com/m/news/1140379495?lang=&edition=full","pubTime":"2021-05-04 09:42","market":"us","language":"en","title":"Opinion: If you ‘sell in May,’ don’t go away","url":"https://stock-news.laohu8.com/highlight/detail?id=1140379495","media":"Market Wacth","summary":"There’s no point leaving money on the table if you’re willing to take a more active roleShould you d","content":"<p>There’s no point leaving money on the table if you’re willing to take a more active role</p><p>Should you dump all the stock market funds from your 401(k) and IRA on the first of May, go away, and come back again for Hallowe’en?</p><p>Definitely, says an old Wall Street adage.</p><p>Definitely not, say most financial advisers.</p><p>As for the evidence of history? It’s more ambiguous. If the numbers say anything, maybe it’s that “sell in May and go away” is only half right. Since 1900, someone who sold in May actually could have retired earlier and with more money—but only if they hung around and waited to buy their stocks back during the usual summer panic.</p><p>Obvious note: If you want an easy life, ignore all trading advice from the Wall Street crowd. Set some basic rules—asset allocation, clearly established sell signals and so on—and stick to them.</p><p>On the other hand, there’s no point leaving money on the table if you’re willing to take a more active role.</p><p>The Wall Street phrase “sell in May” dates back at least to the 1930s. Originally it seems to have started in Great Britain, where the rhyme went “sell in May, go away, and don’t come back till St Leger’s Day”—meaning a famous horse race that takes place in mid-September. The theory was that the stock market’s returns over the summer months are usually so dismal that there’s really no point being in the market.</p><p>The updated version of this adage calls it “the Hallowe’en Effect,” and stretches the hiatus from May 1 to October 31: A full six months.</p><p>It sounds like superstitious nonsense, but there is some remarkable evidence for it.One exhaustive academic studylooked at all the available stock market data from around the world going as far back as 1693 (coincidentally, the time of the Salem witch trials in Massachusetts—make of this what you will).</p><p>“In none of the 65 countries for which we have total returns and short term interest rates available—with the exception of Mauritius — can we reject a Sell in May effect,” report researchers Cherry Zhang and Ben Jacobsen. “Summer risk premiums are not only not significantly positive, they are in most cases not even marginally positive. In 45 countries the excess returns during summer have been negative, and in seven significantly so,” they write. In other words: Historically, all the stock market’s returns have come during the winter months. During the summer months, typically, the stock market’s returns haven’t been any better than the returns on keeping your money in the bank.</p><p>(Oh, unless you’re living in Mauritius.)</p><p>Smart money mavens have a number of pushbacks to all this. They’ll point out that this is somewhat random, and makes no logical sense. They’ll warn that likely gains don’t really compensate for the trading costs, the potential taxes (in a taxable account). And they’ll add that you risk missing out if the market rises.</p><p>Furthermore, they’ll say, once you and I get in the habit of getting into the market and then out of it again, most of us will simply mess it up. We’ll get back in too early, or too late, or not at all.</p><p>All reasonable points.</p><p>So the advice, “leave it alone,” is not wrong.</p><p>But…the mathematical criticism of “sell in May” is partly off-beam. That’s because critics assume we sell on May 1 and go away, and don’t come back until October 31.</p><p>I’ve looked through the history of the Dow Jones Industrial Average&nbsp;DJIA,+0.70%&nbsp;going back to 1900 and something amazing leaps out.</p><p>Ignore where the market ends up on October 31. The real opportunity occurs at some point during the six month period.</p><p>There has<i>almost always</i>been a “summer selloff.” In 105 out of 120 years, or 88% of the time, the stock market has posted a decline at some stage in the six months after May 1.</p><p>So in almost 9 years out of 10, someone who sold their stock funds at the start of May was able to buy them back more cheaply during the next six months.</p><p>The average decline is 8%. That’s measured from May through the bottom of the slump.</p><p>In more than half of all years, the Dow Jones has fallen at least 5% during the summer lull, and in nearly one year out of three it has fallen by double digits.</p><p>These, of course, included such greatest hits as 2008 (a crash of 37%), 2002 (28%), 1987 (24%), 1907 (32%), and, of course, our old friend the catastrophe of 1929-32.&nbsp; Nearly all the terrible carnage of 1929-1932 took place during the summer months.</p><p>Weird, but true.</p><p>An average selloff of 8% is not small potatoes. Over 20 years, someone who timed such a move perfectly every time would earn a remarkable 400% return.</p><p>If the stock market’s past is any guide to the future, the really clever move would be for us to sell our SPDR S&amp;P 500 ETFSPY,+0.22%,Vanguard Total Stock Market Index FundVTSMX,+0.20%or similar this Monday…and then hang around for the sale. We’d buy back our stock fund back either on Hallowe’en, or when the market has fallen, say, 5%—whichever comes first.</p><p>All the years we got a bargain would more than compensate for the few years when there wasn’t one.</p><p>On the other hand, if the stock market’s past isn’t any guide to the future, then pretty much everything our financial adviser tells us is nonsense anyway.</p>","source":"lsy1604288433698","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>Opinion: If you ‘sell in May,’ don’t go away</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\">\nOpinion: If you ‘sell in May,’ don’t go away\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/if-you-sell-in-may-dont-go-away-11620070962?mod=home-page><strong>Market Wacth</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There’s no point leaving money on the table if you’re willing to take a more active roleShould you dump all the stock market funds from your 401(k) and IRA on the first of May, go away, and come back ...</p>\n\n<a href=\"https://www.marketwatch.com/story/if-you-sell-in-may-dont-go-away-11620070962?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/51fb9fb4bb9a78041d2403ab1f31481b","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/if-you-sell-in-may-dont-go-away-11620070962?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140379495","content_text":"There’s no point leaving money on the table if you’re willing to take a more active roleShould you dump all the stock market funds from your 401(k) and IRA on the first of May, go away, and come back again for Hallowe’en?Definitely, says an old Wall Street adage.Definitely not, say most financial advisers.As for the evidence of history? It’s more ambiguous. If the numbers say anything, maybe it’s that “sell in May and go away” is only half right. Since 1900, someone who sold in May actually could have retired earlier and with more money—but only if they hung around and waited to buy their stocks back during the usual summer panic.Obvious note: If you want an easy life, ignore all trading advice from the Wall Street crowd. Set some basic rules—asset allocation, clearly established sell signals and so on—and stick to them.On the other hand, there’s no point leaving money on the table if you’re willing to take a more active role.The Wall Street phrase “sell in May” dates back at least to the 1930s. Originally it seems to have started in Great Britain, where the rhyme went “sell in May, go away, and don’t come back till St Leger’s Day”—meaning a famous horse race that takes place in mid-September. The theory was that the stock market’s returns over the summer months are usually so dismal that there’s really no point being in the market.The updated version of this adage calls it “the Hallowe’en Effect,” and stretches the hiatus from May 1 to October 31: A full six months.It sounds like superstitious nonsense, but there is some remarkable evidence for it.One exhaustive academic studylooked at all the available stock market data from around the world going as far back as 1693 (coincidentally, the time of the Salem witch trials in Massachusetts—make of this what you will).“In none of the 65 countries for which we have total returns and short term interest rates available—with the exception of Mauritius — can we reject a Sell in May effect,” report researchers Cherry Zhang and Ben Jacobsen. “Summer risk premiums are not only not significantly positive, they are in most cases not even marginally positive. In 45 countries the excess returns during summer have been negative, and in seven significantly so,” they write. In other words: Historically, all the stock market’s returns have come during the winter months. During the summer months, typically, the stock market’s returns haven’t been any better than the returns on keeping your money in the bank.(Oh, unless you’re living in Mauritius.)Smart money mavens have a number of pushbacks to all this. They’ll point out that this is somewhat random, and makes no logical sense. They’ll warn that likely gains don’t really compensate for the trading costs, the potential taxes (in a taxable account). And they’ll add that you risk missing out if the market rises.Furthermore, they’ll say, once you and I get in the habit of getting into the market and then out of it again, most of us will simply mess it up. We’ll get back in too early, or too late, or not at all.All reasonable points.So the advice, “leave it alone,” is not wrong.But…the mathematical criticism of “sell in May” is partly off-beam. That’s because critics assume we sell on May 1 and go away, and don’t come back until October 31.I’ve looked through the history of the Dow Jones Industrial Average DJIA,+0.70% going back to 1900 and something amazing leaps out.Ignore where the market ends up on October 31. The real opportunity occurs at some point during the six month period.There hasalmost alwaysbeen a “summer selloff.” In 105 out of 120 years, or 88% of the time, the stock market has posted a decline at some stage in the six months after May 1.So in almost 9 years out of 10, someone who sold their stock funds at the start of May was able to buy them back more cheaply during the next six months.The average decline is 8%. That’s measured from May through the bottom of the slump.In more than half of all years, the Dow Jones has fallen at least 5% during the summer lull, and in nearly one year out of three it has fallen by double digits.These, of course, included such greatest hits as 2008 (a crash of 37%), 2002 (28%), 1987 (24%), 1907 (32%), and, of course, our old friend the catastrophe of 1929-32.  Nearly all the terrible carnage of 1929-1932 took place during the summer months.Weird, but true.An average selloff of 8% is not small potatoes. Over 20 years, someone who timed such a move perfectly every time would earn a remarkable 400% return.If the stock market’s past is any guide to the future, the really clever move would be for us to sell our SPDR S&P 500 ETFSPY,+0.22%,Vanguard Total Stock Market Index FundVTSMX,+0.20%or similar this Monday…and then hang around for the sale. We’d buy back our stock fund back either on Hallowe’en, or when the market has fallen, say, 5%—whichever comes first.All the years we got a bargain would more than compensate for the few years when there wasn’t one.On the other hand, if the stock market’s past isn’t any guide to the future, then pretty much everything our financial adviser tells us is nonsense anyway.","news_type":1},"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106161090,"gmtCreate":1620093864710,"gmtModify":1631884479296,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"New wife hehe","listText":"New wife hehe","text":"New wife hehe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/106161090","repostId":"1147234999","repostType":4,"repost":{"id":"1147234999","kind":"news","pubTimestamp":1620086355,"share":"https://www.laohu8.com/m/news/1147234999?lang=&edition=full","pubTime":"2021-05-04 07:59","market":"us","language":"en","title":"Bill Gates and Melinda Gates are splitting up after 27 years","url":"https://stock-news.laohu8.com/highlight/detail?id=1147234999","media":"CNBC","summary":"Bill and Melinda Gates met at $Microsoft$, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts.Financial implications are not immediately clear.Bill Gates, co-founder and former CEO ofMicrosoft, and his wife, Melinda French Gates, said on $Twitter$ on Monday that they will split up after 27 years. The two will keep working together on philanthropic efforts, which have addressed education, gender equalit","content":"<div>\n<p>KEY POINTSBill and Melinda Gates met at Microsoft, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts....</p>\n\n<a href=\"https://www.cnbc.com/2021/05/03/bill-gates-and-melinda-gates-are-splitting-up.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill Gates and Melinda Gates are splitting up after 27 years</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\">\nBill Gates and Melinda Gates are splitting up after 27 years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 07:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/03/bill-gates-and-melinda-gates-are-splitting-up.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSBill and Melinda Gates met at Microsoft, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts....</p>\n\n<a href=\"https://www.cnbc.com/2021/05/03/bill-gates-and-melinda-gates-are-splitting-up.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.cnbc.com/2021/05/03/bill-gates-and-melinda-gates-are-splitting-up.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1147234999","content_text":"KEY POINTSBill and Melinda Gates met at Microsoft, and the two got married in 1994.The couple, who agreed to give away more than half their wealth, will keep working together on charitable efforts.Financial implications are not immediately clear.Bill Gates, co-founder and former CEO ofMicrosoft, and his wife, Melinda French Gates, said on Twitter on Monday that they will split up after 27 years. The two will keep working together on philanthropic efforts, which have addressed education, gender equality and health care.\"After a great deal of thought and a lot of work on our relationship, we have made the decision to end our marriage,\" Bill and Melinda Gates wrote in a statement that Bill Gatestweeted out.“Over the last 27 years, we have raised three incredible children and built a foundation that works all over the world to enable all people to lead healthy, productive lives. We continue to share a belief in that mission and will continue our work together at the foundation, but we no longer believe we can grow together as a couple in this next phase of our lives. We ask for space and privacy for our family as we begin to navigate this new life.”The decision reflects a personal change at the top of American business.Bill Gates led Microsoft as CEO from its founding with Paul Allen in 1975 until 2000, leaving Steve Ballmer to run the company, while Bill Gates became chairman and chief software architect. In 2008 Gatesgave up his day-to-day roleat the company to spend more time on the nonprofit Bill and Melinda Gates Foundation.Last year Bill Gatesstepped downfrom Microsoft’s board asthe coronavirusbecame a force around the world. He began spending more time on the foundation alongside Melinda Gates. The two are co-chairs and trustees of the foundation, which launched in 2000.Bill and Melinda Gates both worked at Microsoft. She had been a general manager at the software company, where she worked on products such as the Encarta encyclopedia, according to herLinkedIn profile. The two met at a dinner for Microsoft employees in 1987. “It took him quite a few months before he asked me out,” Melinda Gateslater said. Bill Gates hadweighed the pros and cons on a blackboard, and in 1994 the couple were married in Hawaii.Financial details of the Gateses parting ways are not yet clear. Bill Gates owns 1.37% of Microsoft’s outstanding shares, which are worth more than $26 billion, according to FactSet. The couple were creators, along with Warren Buffett, of theGiving Pledge, a program that requires participants to give away more than half of their wealth.At one point the couple decided to move $20 billion worth of Microsoft stock to the foundation as they sought to increase their commitment to philanthropy, Bill Gates wrote in a 2019blog post. Today the foundation has more than $51 billion in assets, according to a tax filing, making itone of the world’s wealthiest foundations.“In the case of Melinda, it is a truly equal partner,” Bill Gates said in the 2019 Netflix documentary “Inside Bill’s Brain.” “She’s a lot like me in that she is optimistic and she is interested in science. She is better with people than I am. She’s a tiny bit less hardcore about knowing, you know, immunology, than I am.”In 2015 the two began pursuing areas they were interested in. Bill Gates established Breakthrough Energy, an initiative to slow climate change that includes a venture arm, and Melinda Gates created Pivotal Ventures, a company that makes investments to foster equality.For Valentine’s Day in 2020, Bill Gates posted a photoon Instagramshowing him standing with his arm around Melinda Gates. “I couldn’t ask for a better partner on this journey,” the caption said.Each year for more than a decade the Gateses have published a letter about their foundation work. In thelatest one, published in January, they reflected on the impact of the pandemic, beyond supporting the development of vaccines. “For us, the days became a blur of video meetings, troubling news alerts, and microwaved meals,” they wrote.Bill Gates is the world’s fourth richest person, behindAmazon’sJeff Bezos, LVMH’s Bernard Arnault and Tesla’s Elon Musk, according toForbes.The announcement comes two years after Bezos said he and his wife, MacKenzie, weregetting divorced. Bill Gates and Jeff Bezos are among the world’s richest people, and Amazon and Microsoft compete in the cloud computing business. Amazon said earlier this year that Bezos would be stepping down from his post as CEO and that cloud chief Andy Jassywould succeed him.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108876469,"gmtCreate":1620015074451,"gmtModify":1634208508296,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Comment please","listText":"Comment please","text":"Comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/108876469","repostId":"1129951066","repostType":4,"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108876381,"gmtCreate":1620015024443,"gmtModify":1634208508536,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Comments","listText":"Comments","text":"Comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/108876381","repostId":"2132595386","repostType":4,"repost":{"id":"2132595386","kind":"highlight","pubTimestamp":1620011472,"share":"https://www.laohu8.com/m/news/2132595386?lang=&edition=full","pubTime":"2021-05-03 11:11","market":"us","language":"en","title":"Roku Earnings: 1 Key Metric You'll Want to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=2132595386","media":"Motley Fool","summary":"The streaming content platform will report first-quarter results on Thursday, May 6.","content":"<p><b>Roku</b> (NASDAQ:ROKU) is making headlines lately because of its spat with <b>Alphabet</b>'s YouTube. With Roku set to report first-quarter earnings on Thursday, May 6, that will certainly be on investors' minds, and management may face a question or two over its battle with the powerhouse during the conference call that follows the announcement.</p>\n<p>More importantly, investors will want to know how people are changing their preferences for entertainment, measured by overall streaming hours on Roku. As states throughout the U.S. are easing restrictions on businesses, and as more Americans are getting vaccinated, folks are venturing outside more often. That can potentially be a headwind for Roku as people stream less content to their televisions.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e1924528bcfcd303117e7055282ec2ad\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>The next few quarters may be difficult for Roku</h2>\n<p>In Roku's fourth quarter, it reported record streaming hours on its app. Overall, folks streamed 55% more hours of content on their Roku devices compared to the same period last year. People already spend more time indoors during the winter months. Add to that the winter surge in COVID-19 cases and users had a strong incentive to stay indoors and stream content. The opposite case may play out when Roku reports its first-quarter results, as more people are getting vaccinated, the number of people getting sick with COVID-19 decreases and more people venture out to once again socialize.</p>\n<p>Despite the short-term volatility, Roku is the beneficiary of a secular tailwind. According to Parks Associates, 43% of all broadband households in the U.S. that currently pay for traditional TV are likely to switch to streaming in the next 12 months.</p>\n<p>Another way Roku is getting people to stream more hours is by expanding its reach. It's now available in the U.K., Canada, Brazil, and Mexico. It's already the No. 1 smart TV operating system in Canada and is making good progress in its other international markets.</p>\n<p>The vast majority of Roku's gross profits come from its platform segment, where the company sells ads to marketers. In the most recent quarter, $300 million of the company's $305 million gross profit came from the platform segment. And, of course, marketers are willing to pay more money if they can reach larger audiences. That's <a href=\"https://laohu8.com/S/AONE\">one</a> reason why the overall streaming hours metric is so important.</p>\n<h2>What this could mean for investors</h2>\n<p>Analysts on Wall Street expect Roku to report revenue of $490 million and a loss per share of $0.15, which would be increases of 52.9% and 333%, respectively, from last year.</p>\n<p>In the last 12 months, share prices for the streaming platform provider and streaming hardware producer are up over 180%. Still, it's trading at a forward price-to-sales ratio of 17, down from its peak of above 24 earlier in the year. If Roku's stock price falls following the report, it could be a buying opportunity for long-term investors looking for a high-growth stock and willing to accept the higher risk that comes along with such stocks.</p>\n<p>Roku's long-run prospects are excellent with the secular shift from linear TV viewing to streaming. Further, Roku's planned international expansion could add millions of new viewers that marketers will want access to.</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>Roku Earnings: 1 Key Metric You'll Want to Know</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\">\nRoku Earnings: 1 Key Metric You'll Want to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/02/roku-earnings-1-key-metric-youll-want-to-know/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Roku (NASDAQ:ROKU) is making headlines lately because of its spat with Alphabet's YouTube. With Roku set to report first-quarter earnings on Thursday, May 6, that will certainly be on investors' minds...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/02/roku-earnings-1-key-metric-youll-want-to-know/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc"},"source_url":"https://www.fool.com/investing/2021/05/02/roku-earnings-1-key-metric-youll-want-to-know/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132595386","content_text":"Roku (NASDAQ:ROKU) is making headlines lately because of its spat with Alphabet's YouTube. With Roku set to report first-quarter earnings on Thursday, May 6, that will certainly be on investors' minds, and management may face a question or two over its battle with the powerhouse during the conference call that follows the announcement.\nMore importantly, investors will want to know how people are changing their preferences for entertainment, measured by overall streaming hours on Roku. As states throughout the U.S. are easing restrictions on businesses, and as more Americans are getting vaccinated, folks are venturing outside more often. That can potentially be a headwind for Roku as people stream less content to their televisions.\nImage source: Getty Images.\nThe next few quarters may be difficult for Roku\nIn Roku's fourth quarter, it reported record streaming hours on its app. Overall, folks streamed 55% more hours of content on their Roku devices compared to the same period last year. People already spend more time indoors during the winter months. Add to that the winter surge in COVID-19 cases and users had a strong incentive to stay indoors and stream content. The opposite case may play out when Roku reports its first-quarter results, as more people are getting vaccinated, the number of people getting sick with COVID-19 decreases and more people venture out to once again socialize.\nDespite the short-term volatility, Roku is the beneficiary of a secular tailwind. According to Parks Associates, 43% of all broadband households in the U.S. that currently pay for traditional TV are likely to switch to streaming in the next 12 months.\nAnother way Roku is getting people to stream more hours is by expanding its reach. It's now available in the U.K., Canada, Brazil, and Mexico. It's already the No. 1 smart TV operating system in Canada and is making good progress in its other international markets.\nThe vast majority of Roku's gross profits come from its platform segment, where the company sells ads to marketers. In the most recent quarter, $300 million of the company's $305 million gross profit came from the platform segment. And, of course, marketers are willing to pay more money if they can reach larger audiences. That's one reason why the overall streaming hours metric is so important.\nWhat this could mean for investors\nAnalysts on Wall Street expect Roku to report revenue of $490 million and a loss per share of $0.15, which would be increases of 52.9% and 333%, respectively, from last year.\nIn the last 12 months, share prices for the streaming platform provider and streaming hardware producer are up over 180%. Still, it's trading at a forward price-to-sales ratio of 17, down from its peak of above 24 earlier in the year. If Roku's stock price falls following the report, it could be a buying opportunity for long-term investors looking for a high-growth stock and willing to accept the higher risk that comes along with such stocks.\nRoku's long-run prospects are excellent with the secular shift from linear TV viewing to streaming. Further, Roku's planned international expansion could add millions of new viewers that marketers will want access to.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108878544,"gmtCreate":1620014984488,"gmtModify":1634208508998,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582425100393191","authorIdStr":"3582425100393191"},"themes":[],"htmlText":"Help like n comment","listText":"Help like n comment","text":"Help like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/108878544","repostId":"2132595650","repostType":4,"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":106166073,"gmtCreate":1620093983492,"gmtModify":1634207864906,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Tech all red :(","listText":"Tech all red :(","text":"Tech all red :(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/106166073","repostId":"1197072150","repostType":4,"repost":{"id":"1197072150","kind":"news","pubTimestamp":1620093891,"share":"https://www.laohu8.com/m/news/1197072150?lang=&edition=full","pubTime":"2021-05-04 10:04","market":"us","language":"en","title":"Top Stocks To Watch Today? 4 Tech Stocks To Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=1197072150","media":"Nasdaq","summary":"Do You Have These Tech Stocks On Your May Watchlist?When it comes to thetop stocks to watch in 2021,","content":"<p>Do You Have These Tech Stocks On Your May Watchlist?</p><p>When it comes to the<b><i>top stocks to watch in 2021</i></b>, investors may want to considertech stocks. Why? Well, most would argue that this part of thestock marketis home to some of the top growth stocks today. For newer investors, growth stocks belong to companies that are anticipated to grow at a quicker rate than the broader market. More often than not, these companies place most of their revenue back towards improving their offerings. This would accurately describe tech companies who are constantly innovating and competing in their respective fields. Sure, tech stocks have taken a breather earlier this year. But, tech continues to evolve, nonetheless. Accordingly, there would be no shortage of news for tech investors today.</p><p>Speaking of news, we are currently in the midst of a heated earnings season for big tech now. Tech goliaths such as Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL) continue to report stellar figures. For starters, Microsoft exceeded Wall Streets’ estimates with an earnings per share of $1.95 on revenue of $41.71 billion. This was followed by a 19% annualized revenue growth for the quarter, Microsoft’s largest quarterly increase since 2018. Elsewhere, Apple also reported a blowout quarter as company-wide sales surged by 54% year-over-year thanks to booming iPhone sales. All in all, tech stocks continue to make headlines this year. If all this has you looking to add some to your watchlist, here are four in focus on thestock market today.</p><p>Top Tech Stocks To Watch Right Now</p><ul><li><b>International Business Machines Corporation</b>(NYSE: <a href=\"https://laohu8.com/S/IBM\">IBM</a>)</li><li><b><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc.</b>(NASDAQ: ZM)</li><li><b>Amazon.com Inc.</b>(NASDAQ: AMZN)</li><li><b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings Inc.</b>(NASDAQ: PYPL)</li></ul><p>International Business Machines Corporation</p><p>IBM is a multinational technology company that has operations in over 170 countries. It produces and sells computer hardware and software, while also providing hosting and consulting services. Furthermore, it is a major research organization, holding the record for most U.S. patents generated by a business for 28 consecutive years. The company has five segments in the tech industry. It includes cloud and cognitive software and also global technology services. IBM stock currently trades at $141.25 as of 10:30 a.m. ET.</p><p>On Thursday, IBM announced that it will acquire Turbonomic, an application resource management (ARM) and network performance management (NPM) software provider based in Boston. The acquisition will provide businesses with full-stack application observability and management to assure performance and minimize costs using AI to optimize resources.</p><p>By acquiring Turbonomic, IBM is the only company that will be able to provide customers with AI-powered automation capabilities that span from AIOps (the use of AI to automate IT Operations) to application and infrastructure observability. With this exciting piece of news, will you consider watching IBM stock?</p><p>Zoom Video Communications Inc.</p><p>Zoom is a communications technology company that is headquartered in San Jose, California. The company is a provider of video-first communication platform and web conferencing services. It offers a cloud-native platform, which unifies cloud video conferencing, online meetings, group messaging, and a software-based conference room system. ZM stock currently trades at $323.90 as of 10:56 a.m. ET. Last week, the company was covered by analyst Daniel Bartus from Bank of America (NYSE: BAC). He performed a deep dive into communication software companies and reinstated coverage of several leading stocks. Zoom, in particular, was given a buy rating and price target of $480.</p><p>Bartus says that Zoom is here to stay and has plenty of long-term growth ahead. For the sector, he sees a $60 billion market opportunity that is poised for more cloud migration. Given how the pandemic had provided the sector with a catalyst, Zoom could potentially grow even further post-pandemic.</p><p>Early last week, the company also announced the Zoom Apps Fund, a new $100 million venture fund created to stimulate the growth of the company’s ecosystem of Zoom Apps. Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate, and collaborate. Zoom Apps announced at Zoomtopia 2020, are leading applications that will bring productivity and engaging experiences directly into the Zoom platform. Given all of this, will you add ZM stock to your watchlist?</p><p>Amazon.com Inc.</p><p>Amazon is a multinational technology company that focuses on e-commerce and cloud computing. The company has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the most influential economic forces in the world and is also <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the world’s most valuable brands. AMZN stock surged to an all-time high today, breaching $3,500 per share. This follows another impressive quarter from the company that was reported on Thursday.</p><p>Firstly, the company reported net sales of $108.5 billion in the first quarter, a 44% increase year-over-year. Net income increased to $8.1 billion for the quarter or $15.79 per diluted share. The company also ended the quarter with a free cash flow of $26.4 billion. Amazon also reported that more than 200 million paid Prime members worldwide. All things considered, will you watch AMZN stock?</p><p>PayPal Holdings Inc.</p><p>Topping off our list today is leading fintech player, PayPal. For the uninitiated, the online payments company offers a plethora of financial services to consumers. These range from online money transfers to even cryptocurrency-related services. In terms of scale, if digital payments are available, PayPal likely operates in that region. This year, PYPL stock would be in the spotlight thanks to the company’s growingcryptocurrencyportfolio. Since March, PayPal has acquired a cryptocurrency security firm and introduced major crypto-related integrations across its core offerings. These include being able to transact using digital currencies and being able to manage them on its flagship Venmo app. Seeing as PYPL stock is currently up by over 100% in the past year, would it be a wise investment?</p><p>Well, PayPal does not seem to be slowing down in the least bit. Just yesterday, news broke of its latest collaboration with leading cryptocurrency exchange platform, Coinbase (NASDAQ: COIN). Through this partnership, millions of U.S. PayPal users can now purchase cryptocurrencies on Coinbase. As the duo simplify the process of purchasing digital currencies, it would further incentivize widespread consumer adoption. In turn, this could result in feedback as more people rely on their services. Safe to say, this appears to be a strategic play for both companies. With PayPal leading the charge into this new frontier of finance, will you be watching PYPL stock?</p><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>","source":"lsy1603171495471","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>Top Stocks To Watch Today? 4 Tech Stocks To Consider</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\">\nTop Stocks To Watch Today? 4 Tech Stocks To Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 10:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/top-stocks-to-watch-today-4-tech-stocks-to-consider-2021-05-03><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Do You Have These Tech Stocks On Your May Watchlist?When it comes to thetop stocks to watch in 2021, investors may want to considertech stocks. Why? Well, most would argue that this part of thestock ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/top-stocks-to-watch-today-4-tech-stocks-to-consider-2021-05-03\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","ZM":"Zoom","MSFT":"微软","PYPL":"PayPal","AAPL":"苹果","IBM":"IBM"},"source_url":"https://www.nasdaq.com/articles/top-stocks-to-watch-today-4-tech-stocks-to-consider-2021-05-03","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197072150","content_text":"Do You Have These Tech Stocks On Your May Watchlist?When it comes to thetop stocks to watch in 2021, investors may want to considertech stocks. Why? Well, most would argue that this part of thestock marketis home to some of the top growth stocks today. For newer investors, growth stocks belong to companies that are anticipated to grow at a quicker rate than the broader market. More often than not, these companies place most of their revenue back towards improving their offerings. This would accurately describe tech companies who are constantly innovating and competing in their respective fields. Sure, tech stocks have taken a breather earlier this year. But, tech continues to evolve, nonetheless. Accordingly, there would be no shortage of news for tech investors today.Speaking of news, we are currently in the midst of a heated earnings season for big tech now. Tech goliaths such as Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL) continue to report stellar figures. For starters, Microsoft exceeded Wall Streets’ estimates with an earnings per share of $1.95 on revenue of $41.71 billion. This was followed by a 19% annualized revenue growth for the quarter, Microsoft’s largest quarterly increase since 2018. Elsewhere, Apple also reported a blowout quarter as company-wide sales surged by 54% year-over-year thanks to booming iPhone sales. All in all, tech stocks continue to make headlines this year. If all this has you looking to add some to your watchlist, here are four in focus on thestock market today.Top Tech Stocks To Watch Right NowInternational Business Machines Corporation(NYSE: IBM)Zoom Video Communications Inc.(NASDAQ: ZM)Amazon.com Inc.(NASDAQ: AMZN)PayPal Holdings Inc.(NASDAQ: PYPL)International Business Machines CorporationIBM is a multinational technology company that has operations in over 170 countries. It produces and sells computer hardware and software, while also providing hosting and consulting services. Furthermore, it is a major research organization, holding the record for most U.S. patents generated by a business for 28 consecutive years. The company has five segments in the tech industry. It includes cloud and cognitive software and also global technology services. IBM stock currently trades at $141.25 as of 10:30 a.m. ET.On Thursday, IBM announced that it will acquire Turbonomic, an application resource management (ARM) and network performance management (NPM) software provider based in Boston. The acquisition will provide businesses with full-stack application observability and management to assure performance and minimize costs using AI to optimize resources.By acquiring Turbonomic, IBM is the only company that will be able to provide customers with AI-powered automation capabilities that span from AIOps (the use of AI to automate IT Operations) to application and infrastructure observability. With this exciting piece of news, will you consider watching IBM stock?Zoom Video Communications Inc.Zoom is a communications technology company that is headquartered in San Jose, California. The company is a provider of video-first communication platform and web conferencing services. It offers a cloud-native platform, which unifies cloud video conferencing, online meetings, group messaging, and a software-based conference room system. ZM stock currently trades at $323.90 as of 10:56 a.m. ET. Last week, the company was covered by analyst Daniel Bartus from Bank of America (NYSE: BAC). He performed a deep dive into communication software companies and reinstated coverage of several leading stocks. Zoom, in particular, was given a buy rating and price target of $480.Bartus says that Zoom is here to stay and has plenty of long-term growth ahead. For the sector, he sees a $60 billion market opportunity that is poised for more cloud migration. Given how the pandemic had provided the sector with a catalyst, Zoom could potentially grow even further post-pandemic.Early last week, the company also announced the Zoom Apps Fund, a new $100 million venture fund created to stimulate the growth of the company’s ecosystem of Zoom Apps. Portfolio companies will receive initial investments between $250,000 and $2.5 million to build solutions that will become core to how Zoom customers meet, communicate, and collaborate. Zoom Apps announced at Zoomtopia 2020, are leading applications that will bring productivity and engaging experiences directly into the Zoom platform. Given all of this, will you add ZM stock to your watchlist?Amazon.com Inc.Amazon is a multinational technology company that focuses on e-commerce and cloud computing. The company has been one of the most influential economic forces in the world and is also one of the world’s most valuable brands. AMZN stock surged to an all-time high today, breaching $3,500 per share. This follows another impressive quarter from the company that was reported on Thursday.Firstly, the company reported net sales of $108.5 billion in the first quarter, a 44% increase year-over-year. Net income increased to $8.1 billion for the quarter or $15.79 per diluted share. The company also ended the quarter with a free cash flow of $26.4 billion. Amazon also reported that more than 200 million paid Prime members worldwide. All things considered, will you watch AMZN stock?PayPal Holdings Inc.Topping off our list today is leading fintech player, PayPal. For the uninitiated, the online payments company offers a plethora of financial services to consumers. These range from online money transfers to even cryptocurrency-related services. In terms of scale, if digital payments are available, PayPal likely operates in that region. This year, PYPL stock would be in the spotlight thanks to the company’s growingcryptocurrencyportfolio. Since March, PayPal has acquired a cryptocurrency security firm and introduced major crypto-related integrations across its core offerings. These include being able to transact using digital currencies and being able to manage them on its flagship Venmo app. Seeing as PYPL stock is currently up by over 100% in the past year, would it be a wise investment?Well, PayPal does not seem to be slowing down in the least bit. Just yesterday, news broke of its latest collaboration with leading cryptocurrency exchange platform, Coinbase (NASDAQ: COIN). Through this partnership, millions of U.S. PayPal users can now purchase cryptocurrencies on Coinbase. As the duo simplify the process of purchasing digital currencies, it would further incentivize widespread consumer adoption. In turn, this could result in feedback as more people rely on their services. Safe to say, this appears to be a strategic play for both companies. With PayPal leading the charge into this new frontier of finance, will you be watching PYPL stock?The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":70,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108878659,"gmtCreate":1620014951371,"gmtModify":1634208509241,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Comment please","listText":"Comment please","text":"Comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/108878659","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://www.laohu8.com/m/news/1135819410?lang=&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><b>Tuesday 5/4</b></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><b>Wednesday 5/5</b></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><b>Thursday 5/6</b></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><b>Friday 5/7</b></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 07:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: ...</p>\n\n<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PYPL":"PayPal",".SPX":"S&P 500 Index","GM":"通用汽车","UBER":"优步","TMUS":"T-Mobile US Inc",".DJI":"道琼斯","PFE":"辉瑞",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190104860,"gmtCreate":1620604048050,"gmtModify":1634197852012,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/190104860","repostId":"2133837186","repostType":4,"isVote":1,"tweetType":1,"viewCount":422,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107718276,"gmtCreate":1620538215395,"gmtModify":1634198152291,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Help like and comment","listText":"Help like and comment","text":"Help like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/107718276","repostId":"2133837186","repostType":4,"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108876469,"gmtCreate":1620015074451,"gmtModify":1634208508296,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Comment please","listText":"Comment please","text":"Comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/108876469","repostId":"1129951066","repostType":4,"repost":{"id":"1129951066","kind":"news","pubTimestamp":1620010240,"share":"https://www.laohu8.com/m/news/1129951066?lang=&edition=full","pubTime":"2021-05-03 10:50","market":"us","language":"en","title":"Jumia: Why We Remain Long The Stock And What To Look For In Q1 2021 Results","url":"https://stock-news.laohu8.com/highlight/detail?id=1129951066","media":"seekingalpha","summary":"Summary\n\nIn a recent article, we have provided a detailed overview on Jumia‘s business model and its","content":"<p><b>Summary</b></p>\n<ul>\n <li>In a recent article, we have provided a detailed overview on Jumia‘s business model and its financial results in the midst of the COVID pandemic.</li>\n <li>The stock has been very volatile, rising 15-fold from the pandemic lows, but shares are now off nearly 50% from those highs, reflecting mixed financials and general pressure on tech.</li>\n <li>For Q1 2021, it will be key to watch continued impact from the business mix shift and efficiency measures with a focus on marketplace revenue, profitability, and JumiaPay platform penetration.</li>\n <li>With a full year of business mix shift and efficiency measures being implemented, we may see fairer comparisons vs. 2020.</li>\n <li>We believe Jumia can reach a market cap of at least $10bn within the next 2-3 years.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/545e2c2f7b0bd637a8869f73f02365cd\" tg-width=\"1536\" tg-height=\"733\"><span>Photo by ipopba/iStock via Getty Images</span></p>\n<p><b>Investment thesis</b></p>\n<p>In&nbsp;our first article about Jumia&nbsp;(NYSE:JMIA)&nbsp;we argued that its high valuation warranted significant improvements in business metrics. Now, a few months down the road, we'll provide a view on whether we think the company was able to deliver or not and what investors should expect for Q1 2021 results and beyond. Interested readers can go to our&nbsp;previous article to read about why we are long Jumia stock&nbsp;since it was trading around $3-4 back in the first half of 2020.</p>\n<p>All in all, 2020 was a wild ride for Jumia Technologies. The stock rose by &gt;1,500% from the pandemic lows in March 2020 but saw significant declines from those highs in the past weeks. The stock is now off by around 50% from its highs as of this writing.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c3e67f75a768fe1255686bc0703a250\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>The reasons for this volatility are manyfold. Jumia entered 2020 with a significant shift in its business model away from first-party revenues towards its third-party marketplace revenues which impacted overall revenue growth significantly. And within its marketplace segment, Jumia is pivoting towards higher-frequency, every-day product categories like food, cosmetics, clothing, a.o., away from its reliance on phones and electronics. The company also implemented cost-cutting measures and exited several markets like Cameroon.</p>\n<p>The financial results for 2020 were reflecting just that and were far from impressive. Every single quarter in 2020 showed declines in GMV (except for Q4), which reflects the total value of orders for products and services on its platform. Remember that other e-commerce operators around the globe like Amazon (AMZN), Shopify (SHOP), or MercadoLibre (MELI) showed strong growth in their GMV and other metrics for the past year and grew their businesses from much larger bases. So why does Jumia fall short of matching up to its larger peers?</p>\n<p>The reason is fairly simple: Jumia is still shifting its business to focus on the highest growing product categories and geographies and therefore implemented a business mix shift towards exactly these higher life-time value, every-day product categories which are intended to:</p>\n<ul>\n <li>Drive up frequency of orders at better unit economics, and</li>\n <li>diversify the business away from relying mostly on one-time purchase items like phones and electronics.</li>\n</ul>\n<p>Higher order frequency order items can also positively impact JumiaPay on-platform penetration, which is its fintech offering. So in general, this business transition makes complete sense.</p>\n<p>However, the ongoing shift did not impress investors when it comes to the financial metrics that came along with it. This, together with the recent pressure on tech stocks in general put significant pressure on Jumia stock.</p>\n<p>Before we dig into our outlook for Q1 2021 and the reasons why we think the stock might soon tick up again, let's just quickly recap what the company actually does.</p>\n<p><b>Company overview</b></p>\n<p>In short, Jumia is an e-commerce operator with a Pan-African presence. At the end of 2020, the company had over&nbsp;57 million product listings&nbsp;on its marketplace ranging from fashion and apparel, to smartphones, home and living, fast-moving consumer goods, beauty and perfumes and other electronics. Jumia operates across 11 countries that together have a population of 600 million people, which accounts for &gt;70% of Africa's GDP of €2 trillion and almost 70% of Africa's internet users. Besides its e-commerce platform that connects buyers and sellers, the company also offers payment solutions via its JumiaPay platform, as well as logistics and marketing services.</p>\n<p>As of Dec 2020, the company had 6.8 million Annual Active Consumers,up 12%&nbsp;compared to the end of 2019, and&nbsp;around 110k of active sellers&nbsp;on its platform. Obviously, there is a large market for Jumia to go after and its penetration sits at around 1% from a total addressable population perspective.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a047878ff951ba3531a58c53cfede01\" tg-width=\"640\" tg-height=\"328\"><span>Source: company presentation</span></p>\n<p><b>Financial performance for 2020</b></p>\n<p>It is fair to say that Jumia's financials were not very impressive so far. For the full year, Jumia reported:</p>\n<ul>\n <li>A decline in overall revenue of 12.9%, while marketplace revenue grew by 19.6%. Growth in marketplace revenue (which excludes revenue from 1st party sales), however, slowed down to only 6.5% growth in Q4 2020.</li>\n <li>GMV was down 21% for the full year based on GMV declines for the first three quarters of 2020. On the positive side GMV ticked up by 23% in Q4 2020 vs. the comparable 2019 quarter supported by the company's Black Friday event in November 2020.</li>\n <li>Gross profit increased by 22.3% vs. full year 2019 and reached positive territory after fulfillment expense.</li>\n <li>Jumia is still burning through cash with an adjusted EBITDA of negative €119.5 million and an operating loss of negative €149.2 million for 2020.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5cc15bb9adf3553403004e3a59f0f396\" tg-width=\"640\" tg-height=\"434\"><span>Source: press release</span></p>\n<p>On the positive side, 2020<i>marketplace revenue</i>growth has been positive in every single quarter, albeit with declining growth rates in Q4 at only 6.5% compared to above 20% YoY growth rates for the earlier quarters in 2020. However, it needs to be noted that the growth rate is impacted by the ongoing business mix rebalancing initiatives. Also worth to note is that marketplace revenue was growing in every quarter in 2020 despite the fact that fulfillment, sales and marketing, as well as G&amp;A expenses were significantly reduced on a YoY basis, which drove some noteworthy improvements on a gross profit level.</p>\n<p><i>Gross profit</i>has been growing steadily over the past quarters with 22.3% growth for the full year of 2020 and 12.5% growth for the most recent quarter. In fact, Jumia's management has frequently reiterated that their business should be measured primarily on gross profit level. In its efforts to drive down cost and increase profitability, gross profit after fulfillment expense in Q4 2020 was positive at €1.0 compared to negative €2.9 per order in Q4 2019.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a18c7836211e449946ac4e9d553c522\" tg-width=\"640\" tg-height=\"404\"><span>Source: Investor presentation</span></p>\n<p>In addition to improvements on gross profit level, also the<i>number of annual active consumers</i>continued to grow and reached 6.8 million at the end of 2020, reflecting 12% growth vs. the end of 2019.</p>\n<p>One negative aspect to mention is that the<i>average number of orders</i>has declined in&nbsp;Q4 2020&nbsp;vs. the prior year quarter. This is worrisome since it stands in contrast to management's strategy of pivoting towards higher-frequency purchase product categories (e.g. food, cosmetics, clothing, a.o.) and away from its reliance on phones and electronics. However, it must be mentioned here, too, that total orders are impacted mostly by decreases in airtime recharge transactions on the JumiaPay platform accompanied (albeit to a lesser extent) by the exit from countries like Cameroon, Rwanda and Tanzania that the company executed in 2019/2020 and which are not accounted for in the total orders metric.</p>\n<p><img src=\"https://static.tigerbbs.com/d7cc7094a826cc28c50d388c4ba04094\" tg-width=\"640\" tg-height=\"154\"></p>\n<p></p>\n<p>Management explained the decline in total orders as follows:</p>\n<blockquote>\n Orders reached 8.1 million, down 3% year-over-year on the back of a 14% decrease in digital services transactions on the JumiaPay app, while Orders on the rest of the platform were stable. (...) JumiaPay app is concentrated in airtime recharge transactions as a result of reduced consumer incentives within this category which has historically been promotionally intensive.\n</blockquote>\n<p>Worth to mention is that compared to Q3 2020, the total number of orders was up 21%. So at least we are seeing a sequential increase in total order volume.</p>\n<p>Importantly, Jumia made<i>progress in reducing the overall rate of Cancellations, Failed Deliveries and Returns</i>(CFDR):</p>\n<ul>\n <li>CFDR rate as a percentage of GMV improved from 30.3% in 2019 to 24.7% in 2020, while the CFDR rate as a percentage of Orders improved from 22.5% in 2019 to 16.1% in 2020.</li>\n <li>Factoring in CFDR, full-year total orders after CFDR for all items excluding Phones and Electronics actually showed an increase by 19% YoY and 14% after CFDR for all product categories.</li>\n <li>Also GMV after adjusting for CFDR showed growth of 15% YoY, especially driven by Jumia's digital services, food delivery and non-phone electronic, with 41%, 32% and 10% growth respectively.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b90cfa964fffdbe597e01ad312e6ad77\" tg-width=\"640\" tg-height=\"378\"><span>Source: Investor presentation</span></p>\n<p>For Q1 2021 we expect to see continued impacts from the business mix shift as evidenced by the most recent quarter, during which the share of GMV from Phones &amp; Electronics declined significantly and now sits at 43% as of Dec 2020. Investors should closely watch the ongoing impact from the transition towards higher-frequency purchase, every-day product categories and the corresponding interplay between GMV, Total Orders and CFDR moving forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ad57a678143756c07bf189e934e732d\" tg-width=\"640\" tg-height=\"170\"><span>Source: Investor presentation</span></p>\n<p><i><b>JumiaPay shows solid growth</b></i></p>\n<p>While Jumia's e-commerce platform is the one part of the business, its payments platform JumiaPay is said to be the actual raw diamond in the making. Q4 results for JumiaPay showed:</p>\n<ul>\n <li>TPV growth of 30% to €59.3 million, with on-platform TPV penetration reaching 25.7% of GMV in Q4 2020 compared to 15.6% of GMV in Q4 2019.</li>\n <li>In total, 33.1% of Orders placed on the Jumia platform were being transacted with JumiaPay compared to 29.5% in Q4 2019.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/8eea7dec2ff85cc13ffddcc5edcafa7a\" tg-width=\"640\" tg-height=\"382\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d0638890e9c2174b976f5e69b82d7c15\" tg-width=\"640\" tg-height=\"111\"><span>Source: Investor presentation / PR</span></p>\n<p>Despite the robust growth, we see a slight decline in overall growth rates for Q4 compared to prior quarters also for JumiaPay. Some of that decline can be explained by the before-mentioned decline in airtime recharge transactions. But it also seems that there are some underlying issues with adoption, and maybe lack of marketing activities and investments from management. Investors should closely watch JumiaPay metrics moving forward.</p>\n<p><b>First Quarter 2021 outlook</b></p>\n<p>Now, with Q1 results on the horizon we expect that this quarter could be one of the first quarters where YoY comparisons for Jumia's key business metrics start to shift into a more positive direction, accompanied by continued improvements on a gross profit level as efficiency measures continue. The move away from higher cost items like Phones &amp; Electronics towards higher-frequency purchase items from the fashion, beauty, FMCG, and food delivery categories has now been going on for more than a year and should make for easier YoY comparisons in the quarters ahead. Furthermore, the impact from the exit of countries like Cameroon now being visible in full-year 2020 metrics should also play out favourably.</p>\n<p>We strongly believe that the business mix rebalancing helps to diversify the business towards more frequent purchases which drive improved unit economics and positive gross profit developments. We will be closely watching those metrics for Q1 2021 and beyond, including platform penetration and growth for JumiaPay. While JumiaPay platform penetration is growing very robustly, we would like to see transaction volume growth getting back to levels we saw in the earlier quarters in 2020. This is where we see that management may need to step up its marketing spending to drive awareness and penetration.</p>\n<p>Valuation remains stretched, but that's nothing long-term investors should be concerned about</p>\n<p>Following the almost 50% decline in Jumia's stock price the company's market capitalization currently sits around $3bn. Since first-party revenue is volatile and not a key focus for the company, we value Jumia on the basis of marketplace revenue, which came in at around €94 million for 2020. Hence, the current price to marketplace revenue multiple is 30x - not cheap at all.</p>\n<p>However, valuing Jumia right now based on general revenue multiples falls short of the potential that the company has in front of it. The<i>market opportunity</i>remains significant: around 17 million SMEs and merchants and $4.0tn in household and B2B spending underpin the large untapped opportunity for digitization of commerce and payments in Africa (seehere). McKinsey estimates that African e-commerce could account for 10% of the continent's overall retail sales by 2025, which would be $75 billion in annual revenue potential (seehere). Irrespective of the actual market size, it is clear that Jumia has only penetrated a very small portion of that market for now. We are not saying that Jumia will ever grow into a comparable valuation like Amazon, Shopify or MercadoLibre, but it doesn't need to do that to become a winning investment. By at least capturing a fraction of the $75 billion e-commerce opportunity, Jumia may be well-positioned to become a technology leader and expand its market capitalization to at least $10 billion within the next 2-3 years.</p>\n<p><b>Risks</b></p>\n<p>Clearly, execution is the biggest risk. While we generally applaud management's efficiency efforts, we fear that the focus may be too strongly on cost-cutting at the expense of growing its active customer base, which could result in lackluster growth rates. We have seen this become reality in Q4 2020 numbers with declines in marketplace revenue and JumiaPay growth rates vs. prior quarters. The recent cost-cutting and efficiency measures have shown to positively impact the company's gross profits. However, Jumia cannot operate forever at a low flame and ultimately needs to ramp-up its marketing and other investments to accelerate customer penetration and growth overall. Remember that GMV growth was negative for 3 out of 4 quarters in 2020 and only in Q4 showed positive YoY growth rates supported by the company's Black Friday event in November 2020. This shows that increases in marketing spend are inevitable in order to remain in the front seat and stay ahead of competitors.</p>\n<p>Another risk is not so much a company-specific risk but a matter of whether investors have the required patience. The shift to digital commerce in Africa won't happen overnight. Remember that it took Amazon, MercadoLibre or Alibaba(NYSE:BABA)more than 20 years to become the e-commerce giants that they are today. With the complex infrastructure in Africa and often still nascent internet penetration, especially in rural areas, it may take decades for Jumia to drive online penetration in commerce to a large enough level and to then capture a significant share. Investors need to be patient, and that means at least 10 years + down the road.</p>\n<p><b>Conclusion</b></p>\n<p>We recently wrote thatJumia's high valuation warrants significant improvements in business metrics. So what is the verdict a few months later? We see improvements on its path to continued growth while reducing its operating expenses along the way. While we have not seen the level of business metric improvements that we hoped for, Jumia remains on track to make step-by-step improvements across its business. We are particularly happy to see marketplace revenue growth in parallel to improving profitability measures. Order volume growth and GMV should be carefully looked at going forward and we can only reiterate that management should not solely focus on cost-cutting at the detriment of its growth opportunities. JumiaPay developments will be watched closely in the Q1 2021 report. The potential for monetization of its payment platform is huge and may drive significant value in the future when it reaches a certain scale, and there may even be the possibility that JumiaPay may be carved out as a standalone entity.</p>\n<p>While in the short-term Jumia stock will likely remain very volatile, the long-term opportunity for the company is huge and we continue to believe that Jumia is well positioned to become the next big e-commerce player. But this will not happen in a year or two. It is a long-term play of 10 years +. Investors need to stay very patient with this stock and need to accept setbacks along the way. Our conviction and patience is unchanged and we therefore continue to stay long the stock as we believe the company can at least grow to a market cap of &gt;$10 billion within the next 2-3 years.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jumia: Why We Remain Long The Stock And What To Look For In Q1 2021 Results</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\">\nJumia: Why We Remain Long The Stock And What To Look For In Q1 2021 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 10:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4423644-jumia-remain-long-stock-q1-2021-results><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn a recent article, we have provided a detailed overview on Jumia‘s business model and its financial results in the midst of the COVID pandemic.\nThe stock has been very volatile, rising 15-...</p>\n\n<a href=\"https://seekingalpha.com/article/4423644-jumia-remain-long-stock-q1-2021-results\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JMIA":"Jumia Technologies AG"},"source_url":"https://seekingalpha.com/article/4423644-jumia-remain-long-stock-q1-2021-results","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1129951066","content_text":"Summary\n\nIn a recent article, we have provided a detailed overview on Jumia‘s business model and its financial results in the midst of the COVID pandemic.\nThe stock has been very volatile, rising 15-fold from the pandemic lows, but shares are now off nearly 50% from those highs, reflecting mixed financials and general pressure on tech.\nFor Q1 2021, it will be key to watch continued impact from the business mix shift and efficiency measures with a focus on marketplace revenue, profitability, and JumiaPay platform penetration.\nWith a full year of business mix shift and efficiency measures being implemented, we may see fairer comparisons vs. 2020.\nWe believe Jumia can reach a market cap of at least $10bn within the next 2-3 years.\n\nPhoto by ipopba/iStock via Getty Images\nInvestment thesis\nIn our first article about Jumia (NYSE:JMIA) we argued that its high valuation warranted significant improvements in business metrics. Now, a few months down the road, we'll provide a view on whether we think the company was able to deliver or not and what investors should expect for Q1 2021 results and beyond. Interested readers can go to our previous article to read about why we are long Jumia stock since it was trading around $3-4 back in the first half of 2020.\nAll in all, 2020 was a wild ride for Jumia Technologies. The stock rose by >1,500% from the pandemic lows in March 2020 but saw significant declines from those highs in the past weeks. The stock is now off by around 50% from its highs as of this writing.\nData by YCharts\nThe reasons for this volatility are manyfold. Jumia entered 2020 with a significant shift in its business model away from first-party revenues towards its third-party marketplace revenues which impacted overall revenue growth significantly. And within its marketplace segment, Jumia is pivoting towards higher-frequency, every-day product categories like food, cosmetics, clothing, a.o., away from its reliance on phones and electronics. The company also implemented cost-cutting measures and exited several markets like Cameroon.\nThe financial results for 2020 were reflecting just that and were far from impressive. Every single quarter in 2020 showed declines in GMV (except for Q4), which reflects the total value of orders for products and services on its platform. Remember that other e-commerce operators around the globe like Amazon (AMZN), Shopify (SHOP), or MercadoLibre (MELI) showed strong growth in their GMV and other metrics for the past year and grew their businesses from much larger bases. So why does Jumia fall short of matching up to its larger peers?\nThe reason is fairly simple: Jumia is still shifting its business to focus on the highest growing product categories and geographies and therefore implemented a business mix shift towards exactly these higher life-time value, every-day product categories which are intended to:\n\nDrive up frequency of orders at better unit economics, and\ndiversify the business away from relying mostly on one-time purchase items like phones and electronics.\n\nHigher order frequency order items can also positively impact JumiaPay on-platform penetration, which is its fintech offering. So in general, this business transition makes complete sense.\nHowever, the ongoing shift did not impress investors when it comes to the financial metrics that came along with it. This, together with the recent pressure on tech stocks in general put significant pressure on Jumia stock.\nBefore we dig into our outlook for Q1 2021 and the reasons why we think the stock might soon tick up again, let's just quickly recap what the company actually does.\nCompany overview\nIn short, Jumia is an e-commerce operator with a Pan-African presence. At the end of 2020, the company had over 57 million product listings on its marketplace ranging from fashion and apparel, to smartphones, home and living, fast-moving consumer goods, beauty and perfumes and other electronics. Jumia operates across 11 countries that together have a population of 600 million people, which accounts for >70% of Africa's GDP of €2 trillion and almost 70% of Africa's internet users. Besides its e-commerce platform that connects buyers and sellers, the company also offers payment solutions via its JumiaPay platform, as well as logistics and marketing services.\nAs of Dec 2020, the company had 6.8 million Annual Active Consumers,up 12% compared to the end of 2019, and around 110k of active sellers on its platform. Obviously, there is a large market for Jumia to go after and its penetration sits at around 1% from a total addressable population perspective.\nSource: company presentation\nFinancial performance for 2020\nIt is fair to say that Jumia's financials were not very impressive so far. For the full year, Jumia reported:\n\nA decline in overall revenue of 12.9%, while marketplace revenue grew by 19.6%. Growth in marketplace revenue (which excludes revenue from 1st party sales), however, slowed down to only 6.5% growth in Q4 2020.\nGMV was down 21% for the full year based on GMV declines for the first three quarters of 2020. On the positive side GMV ticked up by 23% in Q4 2020 vs. the comparable 2019 quarter supported by the company's Black Friday event in November 2020.\nGross profit increased by 22.3% vs. full year 2019 and reached positive territory after fulfillment expense.\nJumia is still burning through cash with an adjusted EBITDA of negative €119.5 million and an operating loss of negative €149.2 million for 2020.\n\nSource: press release\nOn the positive side, 2020marketplace revenuegrowth has been positive in every single quarter, albeit with declining growth rates in Q4 at only 6.5% compared to above 20% YoY growth rates for the earlier quarters in 2020. However, it needs to be noted that the growth rate is impacted by the ongoing business mix rebalancing initiatives. Also worth to note is that marketplace revenue was growing in every quarter in 2020 despite the fact that fulfillment, sales and marketing, as well as G&A expenses were significantly reduced on a YoY basis, which drove some noteworthy improvements on a gross profit level.\nGross profithas been growing steadily over the past quarters with 22.3% growth for the full year of 2020 and 12.5% growth for the most recent quarter. In fact, Jumia's management has frequently reiterated that their business should be measured primarily on gross profit level. In its efforts to drive down cost and increase profitability, gross profit after fulfillment expense in Q4 2020 was positive at €1.0 compared to negative €2.9 per order in Q4 2019.\nSource: Investor presentation\nIn addition to improvements on gross profit level, also thenumber of annual active consumerscontinued to grow and reached 6.8 million at the end of 2020, reflecting 12% growth vs. the end of 2019.\nOne negative aspect to mention is that theaverage number of ordershas declined in Q4 2020 vs. the prior year quarter. This is worrisome since it stands in contrast to management's strategy of pivoting towards higher-frequency purchase product categories (e.g. food, cosmetics, clothing, a.o.) and away from its reliance on phones and electronics. However, it must be mentioned here, too, that total orders are impacted mostly by decreases in airtime recharge transactions on the JumiaPay platform accompanied (albeit to a lesser extent) by the exit from countries like Cameroon, Rwanda and Tanzania that the company executed in 2019/2020 and which are not accounted for in the total orders metric.\n\n\nManagement explained the decline in total orders as follows:\n\n Orders reached 8.1 million, down 3% year-over-year on the back of a 14% decrease in digital services transactions on the JumiaPay app, while Orders on the rest of the platform were stable. (...) JumiaPay app is concentrated in airtime recharge transactions as a result of reduced consumer incentives within this category which has historically been promotionally intensive.\n\nWorth to mention is that compared to Q3 2020, the total number of orders was up 21%. So at least we are seeing a sequential increase in total order volume.\nImportantly, Jumia madeprogress in reducing the overall rate of Cancellations, Failed Deliveries and Returns(CFDR):\n\nCFDR rate as a percentage of GMV improved from 30.3% in 2019 to 24.7% in 2020, while the CFDR rate as a percentage of Orders improved from 22.5% in 2019 to 16.1% in 2020.\nFactoring in CFDR, full-year total orders after CFDR for all items excluding Phones and Electronics actually showed an increase by 19% YoY and 14% after CFDR for all product categories.\nAlso GMV after adjusting for CFDR showed growth of 15% YoY, especially driven by Jumia's digital services, food delivery and non-phone electronic, with 41%, 32% and 10% growth respectively.\n\nSource: Investor presentation\nFor Q1 2021 we expect to see continued impacts from the business mix shift as evidenced by the most recent quarter, during which the share of GMV from Phones & Electronics declined significantly and now sits at 43% as of Dec 2020. Investors should closely watch the ongoing impact from the transition towards higher-frequency purchase, every-day product categories and the corresponding interplay between GMV, Total Orders and CFDR moving forward.\nSource: Investor presentation\nJumiaPay shows solid growth\nWhile Jumia's e-commerce platform is the one part of the business, its payments platform JumiaPay is said to be the actual raw diamond in the making. Q4 results for JumiaPay showed:\n\nTPV growth of 30% to €59.3 million, with on-platform TPV penetration reaching 25.7% of GMV in Q4 2020 compared to 15.6% of GMV in Q4 2019.\nIn total, 33.1% of Orders placed on the Jumia platform were being transacted with JumiaPay compared to 29.5% in Q4 2019.\n\n\nSource: Investor presentation / PR\nDespite the robust growth, we see a slight decline in overall growth rates for Q4 compared to prior quarters also for JumiaPay. Some of that decline can be explained by the before-mentioned decline in airtime recharge transactions. But it also seems that there are some underlying issues with adoption, and maybe lack of marketing activities and investments from management. Investors should closely watch JumiaPay metrics moving forward.\nFirst Quarter 2021 outlook\nNow, with Q1 results on the horizon we expect that this quarter could be one of the first quarters where YoY comparisons for Jumia's key business metrics start to shift into a more positive direction, accompanied by continued improvements on a gross profit level as efficiency measures continue. The move away from higher cost items like Phones & Electronics towards higher-frequency purchase items from the fashion, beauty, FMCG, and food delivery categories has now been going on for more than a year and should make for easier YoY comparisons in the quarters ahead. Furthermore, the impact from the exit of countries like Cameroon now being visible in full-year 2020 metrics should also play out favourably.\nWe strongly believe that the business mix rebalancing helps to diversify the business towards more frequent purchases which drive improved unit economics and positive gross profit developments. We will be closely watching those metrics for Q1 2021 and beyond, including platform penetration and growth for JumiaPay. While JumiaPay platform penetration is growing very robustly, we would like to see transaction volume growth getting back to levels we saw in the earlier quarters in 2020. This is where we see that management may need to step up its marketing spending to drive awareness and penetration.\nValuation remains stretched, but that's nothing long-term investors should be concerned about\nFollowing the almost 50% decline in Jumia's stock price the company's market capitalization currently sits around $3bn. Since first-party revenue is volatile and not a key focus for the company, we value Jumia on the basis of marketplace revenue, which came in at around €94 million for 2020. Hence, the current price to marketplace revenue multiple is 30x - not cheap at all.\nHowever, valuing Jumia right now based on general revenue multiples falls short of the potential that the company has in front of it. Themarket opportunityremains significant: around 17 million SMEs and merchants and $4.0tn in household and B2B spending underpin the large untapped opportunity for digitization of commerce and payments in Africa (seehere). McKinsey estimates that African e-commerce could account for 10% of the continent's overall retail sales by 2025, which would be $75 billion in annual revenue potential (seehere). Irrespective of the actual market size, it is clear that Jumia has only penetrated a very small portion of that market for now. We are not saying that Jumia will ever grow into a comparable valuation like Amazon, Shopify or MercadoLibre, but it doesn't need to do that to become a winning investment. By at least capturing a fraction of the $75 billion e-commerce opportunity, Jumia may be well-positioned to become a technology leader and expand its market capitalization to at least $10 billion within the next 2-3 years.\nRisks\nClearly, execution is the biggest risk. While we generally applaud management's efficiency efforts, we fear that the focus may be too strongly on cost-cutting at the expense of growing its active customer base, which could result in lackluster growth rates. We have seen this become reality in Q4 2020 numbers with declines in marketplace revenue and JumiaPay growth rates vs. prior quarters. The recent cost-cutting and efficiency measures have shown to positively impact the company's gross profits. However, Jumia cannot operate forever at a low flame and ultimately needs to ramp-up its marketing and other investments to accelerate customer penetration and growth overall. Remember that GMV growth was negative for 3 out of 4 quarters in 2020 and only in Q4 showed positive YoY growth rates supported by the company's Black Friday event in November 2020. This shows that increases in marketing spend are inevitable in order to remain in the front seat and stay ahead of competitors.\nAnother risk is not so much a company-specific risk but a matter of whether investors have the required patience. The shift to digital commerce in Africa won't happen overnight. Remember that it took Amazon, MercadoLibre or Alibaba(NYSE:BABA)more than 20 years to become the e-commerce giants that they are today. With the complex infrastructure in Africa and often still nascent internet penetration, especially in rural areas, it may take decades for Jumia to drive online penetration in commerce to a large enough level and to then capture a significant share. Investors need to be patient, and that means at least 10 years + down the road.\nConclusion\nWe recently wrote thatJumia's high valuation warrants significant improvements in business metrics. So what is the verdict a few months later? We see improvements on its path to continued growth while reducing its operating expenses along the way. While we have not seen the level of business metric improvements that we hoped for, Jumia remains on track to make step-by-step improvements across its business. We are particularly happy to see marketplace revenue growth in parallel to improving profitability measures. Order volume growth and GMV should be carefully looked at going forward and we can only reiterate that management should not solely focus on cost-cutting at the detriment of its growth opportunities. JumiaPay developments will be watched closely in the Q1 2021 report. The potential for monetization of its payment platform is huge and may drive significant value in the future when it reaches a certain scale, and there may even be the possibility that JumiaPay may be carved out as a standalone entity.\nWhile in the short-term Jumia stock will likely remain very volatile, the long-term opportunity for the company is huge and we continue to believe that Jumia is well positioned to become the next big e-commerce player. But this will not happen in a year or two. It is a long-term play of 10 years +. Investors need to stay very patient with this stock and need to accept setbacks along the way. Our conviction and patience is unchanged and we therefore continue to stay long the stock as we believe the company can at least grow to a market cap of >$10 billion within the next 2-3 years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103440810,"gmtCreate":1619808967930,"gmtModify":1634209786080,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/103440810","repostId":"1155857726","repostType":4,"repost":{"id":"1155857726","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619795809,"share":"https://www.laohu8.com/m/news/1155857726?lang=&edition=full","pubTime":"2021-04-30 23:16","market":"us","language":"en","title":"Fed's Kaplan sees financial market 'excesses,' eyes QE taper","url":"https://stock-news.laohu8.com/highlight/detail?id=1155857726","media":"Reuters","summary":"Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial","content":"<p>Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial markets and said he now believes the economy will meet the benchmarks the central bank set out for trimming its bond buying sooner than he had anticipated.</p>\n<p>\"We are now at a point where I'm observing excesses and imbalances in financial markets,\" Kaplan told the Montgomery Area Chamber of Commerce, pointing to the elevated stock market, credit spreads, and a \"historically\" robust housing market. \"I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting those purchases,\" referring to the Fed's $120 billion in monthly bond buys known as quantitative easing, or QE.</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>Fed's Kaplan sees financial market 'excesses,' eyes QE taper</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; 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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\">\nFed's Kaplan sees financial market 'excesses,' eyes QE taper\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-30 23:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial markets and said he now believes the economy will meet the benchmarks the central bank set out for trimming its bond buying sooner than he had anticipated.</p>\n<p>\"We are now at a point where I'm observing excesses and imbalances in financial markets,\" Kaplan told the Montgomery Area Chamber of Commerce, pointing to the elevated stock market, credit spreads, and a \"historically\" robust housing market. \"I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting those purchases,\" referring to the Fed's $120 billion in monthly bond buys known as quantitative easing, or QE.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155857726","content_text":"Dallas Federal Reserve Bank President Robert Kaplan on Friday warned of imbalances in U.S. financial markets and said he now believes the economy will meet the benchmarks the central bank set out for trimming its bond buying sooner than he had anticipated.\n\"We are now at a point where I'm observing excesses and imbalances in financial markets,\" Kaplan told the Montgomery Area Chamber of Commerce, pointing to the elevated stock market, credit spreads, and a \"historically\" robust housing market. \"I do think, at the earliest opportunity, I think it would be appropriate for us to start talking about adjusting those purchases,\" referring to the Fed's $120 billion in monthly bond buys known as quantitative easing, or QE.","news_type":1},"isVote":1,"tweetType":1,"viewCount":20,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100600487,"gmtCreate":1619604860349,"gmtModify":1634211412186,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/100600487","repostId":"1131068131","repostType":4,"repost":{"id":"1131068131","kind":"news","pubTimestamp":1619586637,"share":"https://www.laohu8.com/m/news/1131068131?lang=&edition=full","pubTime":"2021-04-28 13:10","market":"us","language":"en","title":"Facebook Reports Earnings Wednesday. Here Is What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1131068131","media":"Barrons","summary":"Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, ","content":"<p>Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.</p>\n<p>As demonstrated by powerful results last week from Snapchat maker Snap (ticker: SNAP), digital advertising is coming back, fast. Facebook (FB) stands to make even more money than Snap. Analysts expect a net profit of nearly $7 billion, which amounts to $2.61 a share, when Facebook reports results after the closing bell Wednesday.</p>\n<p>Including sales of its virtual reality hardware, and other devices—which are expected contribute to the estimated $452 million to the “Other” revenue segment—Facebook revenue is expected to rise roughly 33% to $23.71 billion. The ad business will contribute revenue of $23.29 billion.</p>\n<p>Facebook is expected to grow its user base by tens of millions as well. Analysts forecast its daily member count will rise to 1.87 billion, and monthly user base will top 2.83 billion. Its monthly user base is expected to reach almost 3 billion (2.99 billion) by the end of the year.</p>\n<p>Beyond advertising, BMO Capital Markets analyst Daniel Salmon&nbsp;wrote in a research note that commerce and shopping are becoming more important for Facebook’s success.</p>\n<p>In March, Facebook chief executive Mark Zuckerberg&nbsp;said there were one million Facebook Shops, and 250 million visitors. Salmon said that if the company discloses the gross merchandise volume, it could help cement the importance to investors of Facebook’s commerce initiatives. Salmon acknowledged that such as disclosure wasn’t likely.</p>\n<p>Investors have been wondering for months about the impact of a change to Apple‘s mobile operating system tech, which finally rolled out this week.</p>\n<p>On Monday, in an update to its iOS operating system,Apple changed its software to ask iPhone and iPad users to opt in to an app’s tracking—a significant departure from the opt out ability buried in the operating system’s settings previously.</p>\n<p>Zuckerberg and&nbsp;Apple&nbsp;(APPL) CEO Tim Cook&nbsp;have sparred over the issue for months. With just over a day’s worth of data, it seems unlikely Facebook will share details about the impact on its users. Previously developers have said it will hurt advertising targeting, and therefore damage ad revenue. It isn’t yet clear exactly what Apple users will do when presented with the choice, or the effectiveness of potential workarounds built by Facebook and others.</p>\n<p>BofA Securities analyst Justin Post wrote that he expects a “modest, low-single digit” impact on advertising spending on the platform since Facebook has had “ample time to prepare and develop workarounds.”</p>\n<p>Facebook finance chief David Wehner&nbsp;has discussed the potential impact on the business in past conference calls, and investors should pay close attention to any updates offered Wednesday. It’s worth noting that Zuckerberg took a less cautious tone in March, saying that he was confident the company will handle the situation. There is also the potential it could positively benefit the company, the CEO said.</p>\n<p>Of the analysts that cover Facebook, 49 rate the stock Buy, six have a Hold, and three rate it a Sell. The average target price is $339, which implies an upside of 12%.</p>\n<p>Barron’s took a positive view of Facebook stock earlier this month. Shares have climbed 2% since the cover story in the April 5 issue, as the S&amp;P 500 index rose 4.1%. Facebook gained 0.7% to $305.02 in Tuesday afternoon trading.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Reports Earnings Wednesday. Here Is What to Expect.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Reports Earnings Wednesday. Here Is What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.\nAs ...</p>\n\n<a href=\"https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131068131","content_text":"Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.\nAs demonstrated by powerful results last week from Snapchat maker Snap (ticker: SNAP), digital advertising is coming back, fast. Facebook (FB) stands to make even more money than Snap. Analysts expect a net profit of nearly $7 billion, which amounts to $2.61 a share, when Facebook reports results after the closing bell Wednesday.\nIncluding sales of its virtual reality hardware, and other devices—which are expected contribute to the estimated $452 million to the “Other” revenue segment—Facebook revenue is expected to rise roughly 33% to $23.71 billion. The ad business will contribute revenue of $23.29 billion.\nFacebook is expected to grow its user base by tens of millions as well. Analysts forecast its daily member count will rise to 1.87 billion, and monthly user base will top 2.83 billion. Its monthly user base is expected to reach almost 3 billion (2.99 billion) by the end of the year.\nBeyond advertising, BMO Capital Markets analyst Daniel Salmon wrote in a research note that commerce and shopping are becoming more important for Facebook’s success.\nIn March, Facebook chief executive Mark Zuckerberg said there were one million Facebook Shops, and 250 million visitors. Salmon said that if the company discloses the gross merchandise volume, it could help cement the importance to investors of Facebook’s commerce initiatives. Salmon acknowledged that such as disclosure wasn’t likely.\nInvestors have been wondering for months about the impact of a change to Apple‘s mobile operating system tech, which finally rolled out this week.\nOn Monday, in an update to its iOS operating system,Apple changed its software to ask iPhone and iPad users to opt in to an app’s tracking—a significant departure from the opt out ability buried in the operating system’s settings previously.\nZuckerberg and Apple (APPL) CEO Tim Cook have sparred over the issue for months. With just over a day’s worth of data, it seems unlikely Facebook will share details about the impact on its users. Previously developers have said it will hurt advertising targeting, and therefore damage ad revenue. It isn’t yet clear exactly what Apple users will do when presented with the choice, or the effectiveness of potential workarounds built by Facebook and others.\nBofA Securities analyst Justin Post wrote that he expects a “modest, low-single digit” impact on advertising spending on the platform since Facebook has had “ample time to prepare and develop workarounds.”\nFacebook finance chief David Wehner has discussed the potential impact on the business in past conference calls, and investors should pay close attention to any updates offered Wednesday. It’s worth noting that Zuckerberg took a less cautious tone in March, saying that he was confident the company will handle the situation. There is also the potential it could positively benefit the company, the CEO said.\nOf the analysts that cover Facebook, 49 rate the stock Buy, six have a Hold, and three rate it a Sell. The average target price is $339, which implies an upside of 12%.\nBarron’s took a positive view of Facebook stock earlier this month. Shares have climbed 2% since the cover story in the April 5 issue, as the S&P 500 index rose 4.1%. Facebook gained 0.7% to $305.02 in Tuesday afternoon trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193141614,"gmtCreate":1620777269038,"gmtModify":1634196455037,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/193141614","repostId":"2134660097","repostType":4,"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103440449,"gmtCreate":1619809031981,"gmtModify":1634209785840,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Plz comment&nbsp;","listText":"Plz comment&nbsp;","text":"Plz comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/103440449","repostId":"1186088353","repostType":4,"repost":{"id":"1186088353","kind":"news","pubTimestamp":1619795143,"share":"https://www.laohu8.com/m/news/1186088353?lang=&edition=full","pubTime":"2021-04-30 23:05","market":"us","language":"en","title":"Stocks Decline Amid Earnings, Economic Reports: Markets Wrap","url":"https://stock-news.laohu8.com/highlight/detail?id=1186088353","media":"Yahoo","summary":"Stocks dropped from all-time highs as traders assessed corporate earnings and economic data showing ","content":"<p>Stocks dropped from all-time highs as traders assessed corporate earnings and economic data showing potential inflation pressures. The dollar rose.</p><p>The S&amp;P 500 pared its monthly gains. Twitter Inc. sank as the social media company posted a sluggish start to the year in its advertising business, while Amazon.com Inc. rallied on a jump in sales. Despite living up to Wall Street’s profit expectations, Chevron Corp. slid after disappointing investors who were anticipating a revival of buybacks.</p><p>Read: Big Oil Is Boosting ETF Returns and ESG Funds Are No Exception</p><p>Data Friday showed U.S. personal incomes soared in March by the most in monthly records back to 1946, powered by a third round of pandemic-relief checks. A key measure of consumer prices, known as the personal consumption expenditure price index, that the Federal Reserve officially uses for its target rose 2.3% in March from a year earlier, the biggest gain since 2018. Meanwhile, a gauge of consumer sentiment continued to strengthen in late April.</p><p>With the S&amp;P 500 poised to end the first four months of 2021 with a rally of more than 10%, the adage of “sell in May and go away” may be on many investors’ minds. However, JPMorgan Chase &amp; Co. strategists urged traders to get ready for a revival of the reflation trade as the economic reopening gathers pace in coming months. Credit Suisse Group AG’s Jonathan Golub raised his year-end forecast for the S&amp;P 500, citing a “red-hot economy fueling earnings.”</p><p>“Are we at a point where there’s further upside to the market or are we at a point where we need to think about the cadence of returns going forward being more narrow or smaller?” said Ralph Bassett, head of North American equities at Aberdeen Standard Investments. “The setup is very good, but with multiples where they are, the upside risks are just really becoming less likely at this stage.”</p><p>Technology stocks are poised to gain support from relatively stable yields for U.S. inflation-indexed debt, according to Andrew Garthwaite, a global strategist at Credit Suisse Group AG. He compared a relative-strength gauge for the group with the yield on 10-year Treasury Inflation Protected Securities, or TIPS, in a report Thursday. The S&amp;P 500 Information Technology Index’s ratio to the benchmark gauge of American equities set this year’s low in March, and then climbed as demand for the debt caused yields to fall.</p><p>“We do not expect a meaningful rise in the TIPS yield,” Garthwaite wrote, citing U.S. monetary policy and other influences.</p><p>These are some of the main moves in markets:</p><p>Stocks</p><p>The S&amp;P 500 fell 0.4% as of 10:34 a.m. New York timeThe Nasdaq 100 was little changedThe Dow Jones Industrial Average fell 0.4%The Stoxx Europe 600 was little changedThe MSCI World index fell 0.5%</p><p>Currencies</p><p>The Bloomberg Dollar Spot Index rose 0.4%The euro fell 0.4% to $1.2072The British pound fell 0.6% to $1.3863The Japanese yen fell 0.1% to 109.06 per dollar</p><p>Bonds</p><p>The yield on 10-year Treasuries was little changed at 1.63%Germany’s 10-year yield declined one basis point to -0.21%Britain’s 10-year yield was little changed at 0.83%</p><p>Commodities</p><p>West Texas Intermediate crude fell 2.1% to $64 a barrelGold futures were little changed</p>","source":"lsy1584348713084","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>Stocks Decline Amid Earnings, Economic Reports: Markets Wrap</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\">\nStocks Decline Amid Earnings, Economic Reports: Markets Wrap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/asia-stocks-point-lower-gdp-215835535.html><strong>Yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks dropped from all-time highs as traders assessed corporate earnings and economic data showing potential inflation pressures. The dollar rose.The S&P 500 pared its monthly gains. Twitter Inc. ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asia-stocks-point-lower-gdp-215835535.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/asia-stocks-point-lower-gdp-215835535.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186088353","content_text":"Stocks dropped from all-time highs as traders assessed corporate earnings and economic data showing potential inflation pressures. The dollar rose.The S&P 500 pared its monthly gains. Twitter Inc. sank as the social media company posted a sluggish start to the year in its advertising business, while Amazon.com Inc. rallied on a jump in sales. Despite living up to Wall Street’s profit expectations, Chevron Corp. slid after disappointing investors who were anticipating a revival of buybacks.Read: Big Oil Is Boosting ETF Returns and ESG Funds Are No ExceptionData Friday showed U.S. personal incomes soared in March by the most in monthly records back to 1946, powered by a third round of pandemic-relief checks. A key measure of consumer prices, known as the personal consumption expenditure price index, that the Federal Reserve officially uses for its target rose 2.3% in March from a year earlier, the biggest gain since 2018. Meanwhile, a gauge of consumer sentiment continued to strengthen in late April.With the S&P 500 poised to end the first four months of 2021 with a rally of more than 10%, the adage of “sell in May and go away” may be on many investors’ minds. However, JPMorgan Chase & Co. strategists urged traders to get ready for a revival of the reflation trade as the economic reopening gathers pace in coming months. Credit Suisse Group AG’s Jonathan Golub raised his year-end forecast for the S&P 500, citing a “red-hot economy fueling earnings.”“Are we at a point where there’s further upside to the market or are we at a point where we need to think about the cadence of returns going forward being more narrow or smaller?” said Ralph Bassett, head of North American equities at Aberdeen Standard Investments. “The setup is very good, but with multiples where they are, the upside risks are just really becoming less likely at this stage.”Technology stocks are poised to gain support from relatively stable yields for U.S. inflation-indexed debt, according to Andrew Garthwaite, a global strategist at Credit Suisse Group AG. He compared a relative-strength gauge for the group with the yield on 10-year Treasury Inflation Protected Securities, or TIPS, in a report Thursday. The S&P 500 Information Technology Index’s ratio to the benchmark gauge of American equities set this year’s low in March, and then climbed as demand for the debt caused yields to fall.“We do not expect a meaningful rise in the TIPS yield,” Garthwaite wrote, citing U.S. monetary policy and other influences.These are some of the main moves in markets:StocksThe S&P 500 fell 0.4% as of 10:34 a.m. New York timeThe Nasdaq 100 was little changedThe Dow Jones Industrial Average fell 0.4%The Stoxx Europe 600 was little changedThe MSCI World index fell 0.5%CurrenciesThe Bloomberg Dollar Spot Index rose 0.4%The euro fell 0.4% to $1.2072The British pound fell 0.6% to $1.3863The Japanese yen fell 0.1% to 109.06 per dollarBondsThe yield on 10-year Treasuries was little changed at 1.63%Germany’s 10-year yield declined one basis point to -0.21%Britain’s 10-year yield was little changed at 0.83%CommoditiesWest Texas Intermediate crude fell 2.1% to $64 a barrelGold futures were little changed","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190107057,"gmtCreate":1620604072179,"gmtModify":1634197851409,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Like and comment please","listText":"Like and comment please","text":"Like and comment please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/190107057","repostId":"1170905579","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105495870,"gmtCreate":1620314713290,"gmtModify":1634206127283,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Like and commentn","listText":"Like and commentn","text":"Like and commentn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/105495870","repostId":"1188985089","repostType":4,"repost":{"id":"1188985089","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620309854,"share":"https://www.laohu8.com/m/news/1188985089?lang=&edition=full","pubTime":"2021-05-06 22:04","market":"other","language":"en","title":"Yale's chief investment manager David Swensen dies at 67","url":"https://stock-news.laohu8.com/highlight/detail?id=1188985089","media":"Tiger Newspress","summary":"David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage th","content":"<p>David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.</p><p>After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.</p><p>His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.</p><p>“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”</p><p>The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.</p><p>Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.</p><p><b>Early life and education</b></p><p>David F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,<i>A Model for the Valuation ofCorporate Bonds.</i>One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"</p><p><b>Investment career</b></p><p>Swensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of&nbsp;Connecticut&nbsp;and&nbsp;Massachusetts.</p><p><b>Salomon Brothers</b></p><p>Following his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.</p><p><b>Lehman Brothers</b></p><p>Prior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers,&nbsp;specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according to<i>When Genius Failed: The Rise and Fall of Long-Term Capital Management</i>byRoger Lowenstein.</p><p><b>Yale University endowment</b></p><p>Swensen was tapped to serve as the Yale endowment manager at age 31 in 1985.&nbsp;This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut.&nbsp;A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.</p><p>As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005.&nbsp;According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.</p><p>In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.</p><p>Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of the<i>Yale Daily News</i>. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.</p><p><b>Unconventional success</b></p><p>In 2005, Swensen wrote a book called<i>Unconventional Success,</i>which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:</p><ul><li>The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.</li><li>The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).</li><li>In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).</li></ul><p>He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.</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>Yale's chief investment manager David Swensen dies at 67</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\">\nYale's chief investment manager David Swensen dies at 67\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-06 22:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.</p><p>After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.</p><p>His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.</p><p>“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”</p><p>The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.</p><p>Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.</p><p><b>Early life and education</b></p><p>David F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,<i>A Model for the Valuation ofCorporate Bonds.</i>One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"</p><p><b>Investment career</b></p><p>Swensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of&nbsp;Connecticut&nbsp;and&nbsp;Massachusetts.</p><p><b>Salomon Brothers</b></p><p>Following his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.</p><p><b>Lehman Brothers</b></p><p>Prior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers,&nbsp;specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according to<i>When Genius Failed: The Rise and Fall of Long-Term Capital Management</i>byRoger Lowenstein.</p><p><b>Yale University endowment</b></p><p>Swensen was tapped to serve as the Yale endowment manager at age 31 in 1985.&nbsp;This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut.&nbsp;A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.</p><p>As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005.&nbsp;According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.</p><p>In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.</p><p>Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of the<i>Yale Daily News</i>. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.</p><p><b>Unconventional success</b></p><p>In 2005, Swensen wrote a book called<i>Unconventional Success,</i>which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:</p><ul><li>The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.</li><li>The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).</li><li>In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).</li></ul><p>He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188985089","content_text":"David Swensen, the head of Yale University’s endowment who helped reshape how institutions manage their money, has died from cancer aged 67.After stints at Salomon Brothers and Lehman Brothers, Swensen returned to his alma mater in 1985 to lead its investment office. At the time, endowments were typically conservatively managed, but Swensen overhauled the model dramatically, taking advantage of their long-term focus to invest heavily in the nascent private equity and hedge fund industries.His approach was so successful it revolutionised how endowments and many other institutional investors allocate their money, and the “Yale model” spread and helped change the wider investment industry.“With his guidance, Yale’s endowment yielded returns that established him as a legend among institutional investors,” Peter Salovey, Yale’s president, said in a statement. “A natural teacher, he prepared a generation of institutional investors who have gone on to lead investment offices at other colleges and universities, further extending the scope of David’s influence.”The Yale Investments Office managed $31.2bn as of June 2020, and says it has averaged annual returns of 12. 4 per cent a year over the past three decades. In the 2021 fiscal year its contributions accounted for over a third of the university’s overall revenues.Almost a quarter of the endowment is invested in venture capital, and combined with private equity, hedge funds and real estate, so-called “alternative” investments account for nearly three quarters of its assets.Early life and educationDavid F. Swensen was born inRiver Falls, Wisconsin. His father, Richard Swensen, was a chemistry professor and dean at the University of Wisconsin-River Falls. His mother, Grace, after raising six children, became a Lutheran minister. After graduating from River Falls High School in 1971 Swensen elected to stay in his hometown of River Falls and receive hisB.A.andB.S.in 1975 from theUniversity of Wisconsin-River Fallswhere his father Richard Swensen was a professor. Swensen pursued a PhD ineconomicsat Yale, where he wrote hisdissertation,A Model for the Valuation ofCorporate Bonds.One of Swensen's dissertation advisers at Yale wasJames Tobin, a top economic adviser toJohn F. Kennedyadministration and a future Nobel Prize laureate in economics. According to Charles Ellis, founder of Greenwich Associates and former chair of Yale's investment committee, \"When it snowed, David went to Jim's house to shovel the sidewalk\". James Tobin's Nobel Prize, among other things, was for his contribution in creation of Modern Portfolio Theory. Swensen was fascinated by the idea of Modern Portfolio Theory. During his 2018 reunion speech Swensen said: \"For a given level of return, if you diversify you can get that return at lower risk. For a given level of risk, if you diversify you can get a higher return. That's pretty cool! Free lunch!\"Investment careerSwensen began his investment career in the early 1980s, and has since advised theCarnegie Corporation, theNew York Stock Exchange, theHoward Hughes Medical Institute, theCourtauld Institute of Art, theYale-New Haven Hospital, The Investment Fund for Foundations (TIFF), theEdna McConnell Clark Foundation, and the States of Connecticut and Massachusetts.Salomon BrothersFollowing his academic interest in valuation of corporate bonds, Swensen joined Salomon Brothers in 1980. This career move was suggested by a Salomon Brothers investment banker and Yale alumni, Gene Dattel, who was deeply impressed by Swensen. In 1981 Swensen worked to structure the world's first swap agreement, a deal betweenIBMand theWorld Bankwhich allowed to hedge their exposure to Swiss francs and German marks.Lehman BrothersPrior to joining Yale in 1985, Swensen spent six years onWall Streetas senior vice president atLehman Brothers, specializing in the firm'sswapactivities, and as an associate incorporate financeforSalomon Brothers(here he worked for three years prior to joining Lehman Brothers), where his work focused on developing new financial technologies. Swensen engineered the first swap transaction according toWhen Genius Failed: The Rise and Fall of Long-Term Capital ManagementbyRoger Lowenstein.Yale University endowmentSwensen was tapped to serve as the Yale endowment manager at age 31 in 1985. This position was offered by Swensen's other dissertation adviser, Yale's provost,William Brainard. Swensen's candidacy was suggested by James Tobin, who, despite his former student's young age, believed he could be the right person. Swensen was hesitant about taking the job at first, since he did not know much about portfolio management aside from his studies in graduate school. Nevertheless, Brainard convinced him to take the position and Swensen started on April 1, 1985 by taking 80% pay cut. A year later, in 1986, he was joined by Yale College and School of Management graduate Dean Takahashi, who soon became Swensen's trusted deputy. In 1985, when Swensen started managing the endowment, it was worth $1 billion; in 2019 it was worth $29.4 billion.As of 2005, the fund has managed annualized returns of 16.1%. He has been called \"Yale's 8 billion dollar man\" for his attainment of nearly $8 billion for the college endowment from 1985 to 2005. According to former Yale President, economistRichard Levin, Swensen's \"contribution\" to Yale is greater than the sum of all the donations made in more than two decades. \"We've just done better,\" Levin says, because of Swensen's \"uncanny ability\" to pick the best outside money managers. Swensen's former staff members, who later became managers of other endowment funds - includingMIT,StanfordandPrinceton- also showed impressive results in multiplying fund wealth.In September 2014, Swensen began to move the Yale endowment away from investment in companies that have a large greenhouse footprint, expressing Yale's preferences in a letter to the endowment's money managers. The letter asked them to consider the effect of their investments on climate change, and to refrain from investing in companies that do not make reasonable efforts to reduce carbon emissions. This method was characterized by Swensen as a more subtle and flexible approach, as opposed to outright divestment.Swensen made headlines on March 5, 2018 for arguing with the undergraduate editor-in-chief of theYale Daily News. Swensen called the editor-in-chief a \"coward\" for deleting an inaccurate sentence and removing a footnote in an op-ed that he submitted to the paper; his column, which he required to be published unedited, responded to a student teach-in that criticized companies allegedly in the Yale portfolio.Unconventional successIn 2005, Swensen wrote a book calledUnconventional Success,which is an investment guide for the individual investor. The general strategy that he presents can be boiled down to the following three main points of advice:The investor should construct a portfolio with money allocated to 6 core asset classes, diversifying among them and biasing toward the equity sections.The investor should rebalance the portfolio on a regular basis (rebalancingback to the original weightings of the asset classes in the portfolio).In the absence of confidence in a market-beating strategy, invest in low-costindex fundsandexchange-traded funds. The investor should be very watchful of costs as some indices are poorly constructed and some fund companies charge excessive fees (or generate large tax liabilities).He slams manymutual fundcompanies for charging excessive fees and not living up to their fiduciary responsibility. He highlights the conflict of interest inherent in the mutual funds, claiming they want high fee, high turnover funds while investors want the opposite.","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108878544,"gmtCreate":1620014984488,"gmtModify":1634208508998,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Help like n comment","listText":"Help like n comment","text":"Help like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/108878544","repostId":"2132595650","repostType":4,"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109633031,"gmtCreate":1619688762123,"gmtModify":1634210710790,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"I need some like :(","listText":"I need some like :(","text":"I need some like :(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/109633031","repostId":"1187462199","repostType":4,"repost":{"id":"1187462199","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1619688474,"share":"https://www.laohu8.com/m/news/1187462199?lang=&edition=full","pubTime":"2021-04-29 17:27","market":"us","language":"en","title":"Dollar Remains Near Lows as Fed Shrugs Off Rising Commodity Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1187462199","media":"英为财情Investing","summary":"The dollar was largely unchanged Thursday near multi-week lows after the U.S. Federal Reserve mainta","content":"<p>The dollar was largely unchanged Thursday near multi-week lows after the U.S. Federal Reserve maintained its very dovish monetary policy, boosting confidence in the global economic recovery.</p>\n<p>At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was flat at 90.610, trading not far away from a nine-week low.</p>\n<p>EUR/USDtraded down 0.1% at 1.2119, after earlier hitting its highest level against the dollar since late February,GBP/USDrose 0.2% to 1.3962,USD/JPYrose 0.2% to 108.78. The risk-sensitiveAUD/USDrose 0.1% to 0.7794 andNZD/USDclimbed 0.1% to 0.7258.</p>\n<p>TheFederal Reservedecided on Wednesday to leave the policy interest rate near zero and kept a $120 billion monthly pace of asset purchases, while acknowledging that there had been an improvement in the economic conditions.</p>\n<p>In the press conference that followed the policy statement, Fed chairmanJerome Powellcontinued to signal that policy will remain steady for some time, to the benefit of the global economy, with inflation risks distorted by the pandemic-related decline in prices last year.</p>\n<p>“The inflation rate will increase markedly above 2% but the Fed considers it transitory due to bottlenecks and base-effects. The only true inflation stems from the labor market (according to the Fed), why the labor market is now the one to watch,” said analysts at Nordea, in a note.</p>\n<p>That said, the Commerce Department will publish its snapshot of first-quarterGDPgrowth on Thursday at 8:30 AM ET (1330 GMT). The economy is expected to have grown at a 6.1% annualized rate in the first three months of the year, which would be the second-fastest GDP growth pace since the third quarter of 2003 and would follow a 4.3% rate in the fourth quarter.</p>\n<p>And that’s before the impact of the $1.8 trillion package for families and education that PresidentJoe Bidenunveiled Wednesday in his first joint speech to Congress.</p>\n<p>Elsewhere,USD/TRYedged higher to 8.1972, ahead of the first public policy presentation by Turkey’s new central bank Governor Sahap Kavcioglu.</p>\n<p>Kavcioglu is expected to raise inflation forecasts as the recent slide in the lira, following the abrupt sacking of his predecessor, exposed the limited room to deliver the interest-rate cuts sought by President Recep Tayyip Erdogan.</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>Dollar Remains Near Lows as Fed Shrugs Off Rising Commodity Prices</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\">\nDollar Remains Near Lows as Fed Shrugs Off Rising Commodity Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time\">2021-04-29 17:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The dollar was largely unchanged Thursday near multi-week lows after the U.S. Federal Reserve maintained its very dovish monetary policy, boosting confidence in the global economic recovery.</p>\n<p>At 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was flat at 90.610, trading not far away from a nine-week low.</p>\n<p>EUR/USDtraded down 0.1% at 1.2119, after earlier hitting its highest level against the dollar since late February,GBP/USDrose 0.2% to 1.3962,USD/JPYrose 0.2% to 108.78. The risk-sensitiveAUD/USDrose 0.1% to 0.7794 andNZD/USDclimbed 0.1% to 0.7258.</p>\n<p>TheFederal Reservedecided on Wednesday to leave the policy interest rate near zero and kept a $120 billion monthly pace of asset purchases, while acknowledging that there had been an improvement in the economic conditions.</p>\n<p>In the press conference that followed the policy statement, Fed chairmanJerome Powellcontinued to signal that policy will remain steady for some time, to the benefit of the global economy, with inflation risks distorted by the pandemic-related decline in prices last year.</p>\n<p>“The inflation rate will increase markedly above 2% but the Fed considers it transitory due to bottlenecks and base-effects. The only true inflation stems from the labor market (according to the Fed), why the labor market is now the one to watch,” said analysts at Nordea, in a note.</p>\n<p>That said, the Commerce Department will publish its snapshot of first-quarterGDPgrowth on Thursday at 8:30 AM ET (1330 GMT). The economy is expected to have grown at a 6.1% annualized rate in the first three months of the year, which would be the second-fastest GDP growth pace since the third quarter of 2003 and would follow a 4.3% rate in the fourth quarter.</p>\n<p>And that’s before the impact of the $1.8 trillion package for families and education that PresidentJoe Bidenunveiled Wednesday in his first joint speech to Congress.</p>\n<p>Elsewhere,USD/TRYedged higher to 8.1972, ahead of the first public policy presentation by Turkey’s new central bank Governor Sahap Kavcioglu.</p>\n<p>Kavcioglu is expected to raise inflation forecasts as the recent slide in the lira, following the abrupt sacking of his predecessor, exposed the limited room to deliver the interest-rate cuts sought by President Recep Tayyip Erdogan.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187462199","content_text":"The dollar was largely unchanged Thursday near multi-week lows after the U.S. Federal Reserve maintained its very dovish monetary policy, boosting confidence in the global economic recovery.\nAt 2:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was flat at 90.610, trading not far away from a nine-week low.\nEUR/USDtraded down 0.1% at 1.2119, after earlier hitting its highest level against the dollar since late February,GBP/USDrose 0.2% to 1.3962,USD/JPYrose 0.2% to 108.78. The risk-sensitiveAUD/USDrose 0.1% to 0.7794 andNZD/USDclimbed 0.1% to 0.7258.\nTheFederal Reservedecided on Wednesday to leave the policy interest rate near zero and kept a $120 billion monthly pace of asset purchases, while acknowledging that there had been an improvement in the economic conditions.\nIn the press conference that followed the policy statement, Fed chairmanJerome Powellcontinued to signal that policy will remain steady for some time, to the benefit of the global economy, with inflation risks distorted by the pandemic-related decline in prices last year.\n“The inflation rate will increase markedly above 2% but the Fed considers it transitory due to bottlenecks and base-effects. The only true inflation stems from the labor market (according to the Fed), why the labor market is now the one to watch,” said analysts at Nordea, in a note.\nThat said, the Commerce Department will publish its snapshot of first-quarterGDPgrowth on Thursday at 8:30 AM ET (1330 GMT). The economy is expected to have grown at a 6.1% annualized rate in the first three months of the year, which would be the second-fastest GDP growth pace since the third quarter of 2003 and would follow a 4.3% rate in the fourth quarter.\nAnd that’s before the impact of the $1.8 trillion package for families and education that PresidentJoe Bidenunveiled Wednesday in his first joint speech to Congress.\nElsewhere,USD/TRYedged higher to 8.1972, ahead of the first public policy presentation by Turkey’s new central bank Governor Sahap Kavcioglu.\nKavcioglu is expected to raise inflation forecasts as the recent slide in the lira, following the abrupt sacking of his predecessor, exposed the limited room to deliver the interest-rate cuts sought by President Recep Tayyip Erdogan.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100600973,"gmtCreate":1619604769792,"gmtModify":1634211412779,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Hey Why&nbsp;am I auto translated?","listText":"Hey Why&nbsp;am I auto translated?","text":"Hey Why am I auto translated?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/100600973","repostId":"1131068131","repostType":4,"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104398246,"gmtCreate":1620353865085,"gmtModify":1634205826242,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/104398246","repostId":"1159582956","repostType":4,"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104391276,"gmtCreate":1620353812495,"gmtModify":1634205826940,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Liek and comment thanks","listText":"Liek and comment thanks","text":"Liek and comment thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/104391276","repostId":"1186778449","repostType":4,"repost":{"id":"1186778449","kind":"news","pubTimestamp":1620341777,"share":"https://www.laohu8.com/m/news/1186778449?lang=&edition=full","pubTime":"2021-05-07 06:56","market":"us","language":"en","title":"Dow closes at record high after upbeat jobless claims report","url":"https://stock-news.laohu8.com/highlight/detail?id=1186778449","media":"Reuters","summary":"The Dow Jones Industrial Averageclosed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.Lifted by $Apple$ Inc, the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.$Investors$ were awaiting a mor","content":"<p>The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.</p><p>Lifted by <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc(AAPL.O), the S&amp;P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.</p><p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.</p><p>\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.</p><p>Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.</p><p>Shares in <a href=\"https://laohu8.com/S/PFE\">Pfizer</a> Inc(PFE.N), Moderna Inc(MRNA.O)and <a href=\"https://laohu8.com/S/NVAX\">Novavax</a> Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. <a href=\"https://laohu8.com/S/00179\">Johnson</a> &amp; Johnson(JNJ.N)was near unchanged.</p><p>The S&amp;P 500 healthcare sector index(.SPXHC)slipped, while the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> biotechnology index &lt;.NBI&gt; also dropped.</p><p>Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.</p><p>The S&amp;P 500 financials index(.SPSY)was among the top performers.</p><p>\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as <a href=\"https://laohu8.com/S/AONE\">one</a> that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp(MSFT.O), Apple(AAPL.O)and <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> Incwere up under 1% for most of the session.</p><p>Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&amp;P 500(.SPX)gained 0.82% to 4,201.58.</p><p>The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.</p><p><a href=\"https://laohu8.com/S/COST\">Costco</a> Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&amp;P 500 consumers staple index higher.</p><p><a href=\"https://laohu8.com/S/REGN\">Regeneron Pharmaceuticals</a> Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.</p><p><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.</p><p><a href=\"https://laohu8.com/NW/1123939866\" target=\"_blank\"><a href=\"https://laohu8.com/S/SQ\">Square</a> gets a bitcoin boost with revenue up 266%</a></p><p><a href=\"https://laohu8.com/NW/1159007289\" target=\"_blank\">Beyond Meat swings to a loss as grocery sales growth slows</a></p><p><a href=\"https://laohu8.com/NW/1170281328\" target=\"_blank\">Roku Q1 Active Account Growth Slows, Revenue Booms 79%</a></p><p><a href=\"https://laohu8.com/NW/1131126697\" target=\"_blank\">Peloton Crushes Forecasts But Cuts <a href=\"https://laohu8.com/S/GUID\">Guidance</a> Amid Treadmill Recall</a></p><p><a href=\"https://laohu8.com/NW/2133576548\" target=\"_blank\">AMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back</a></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>Dow closes at record high after upbeat jobless claims report</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; 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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\">\nDow closes at record high after upbeat jobless claims report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-07 06:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden ...</p>\n\n<a href=\"https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"REGN":"再生元制药公司","NVAX":"诺瓦瓦克斯医药",".DJI":"道琼斯","COST":"好市多","MRNA":"Moderna, Inc.","JNJ":"强生","SQ":"Block","AAPL":"苹果",".SPX":"S&P 500 Index","BYND":"Beyond Meat, Inc.",".IXIC":"NASDAQ Composite","MSFT":"微软","ROKU":"Roku Inc","PTON":"Peloton Interactive, Inc.","PFE":"辉瑞","UBER":"优步"},"source_url":"https://www.reuters.com/business/dow-closes-record-high-after-upbeat-jobless-claims-report-2021-05-06/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186778449","content_text":"The Dow Jones Industrial Average(.DJI)closed at a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers dipped after U.S. President Joe Biden backed plans to waive patents on COVID-19 shots.Lifted by Apple Inc(AAPL.O), the S&P 500 rose after a Labor Department report showed initial claims for state unemployment benefits totaled a seasonally adjusted 498,000 for the week ended May 1, compared with 590,000 in the prior week.Investors were awaiting a more comprehensive non-farm payrolls report on Friday for clues on the strength of the labor market and potentially the U.S. Federal Reserve's stance on monetary policy.\"Investors are encouraged by the low-interest rates and the stimulus that the government is putting into the economy. We're also seeing substantial increases in economic projections and earnings forecasts,\" said Sam Stovall, chief investment strategist at CFRA Research.Pharmaceutical companies dropped after the White House said Biden made the decision to back a proposed waiver for COVID-19 vaccine intellectual property rights.Shares in Pfizer Inc(PFE.N), Moderna Inc(MRNA.O)and Novavax Inc(NVAX.O), all involved in the making of COVID-19 vaccines, fell. Johnson & Johnson(JNJ.N)was near unchanged.The S&P 500 healthcare sector index(.SPXHC)slipped, while the Nasdaq biotechnology index <.NBI> also dropped.Moderna's shares cut some losses after it said countries around the globe would continue buying its COVID-19 vaccine for years even if patents on the shots are waived.The S&P 500 financials index(.SPSY)was among the top performers.\"One sector we are seeing a lot of opportunities in is the financial sector. We see it as one that should benefit from higher interest rates and a stronger economic recovery,\" said Ann Guntli, portfolio manager at Chicago-based RMB Capital.Microsoft Corp(MSFT.O), Apple(AAPL.O)and Amazon.com Incwere up under 1% for most of the session.Unofficially, the Dow Jones Industrial Average(.DJI)rose 0.92% to end at 34,545.11 points, while the S&P 500(.SPX)gained 0.82% to 4,201.58.The Nasdaq Composite(.IXIC)climbed 0.37% to 13,632.84.Costco Wholesale(COST.O)jumped after the retailer said late on Wednesday that its April sales surged 33.5%. That rally helped push the S&P 500 consumers staple index higher.Regeneron Pharmaceuticals Inc(REGN.O)rose after the drugmaker reported a better-than-expected quarterly profit and said it expected demand for its COVID-19 antibody therapy to hold up.Uber Technologies Inc(UBER.N)tumbled after it signaled it would pay drivers more to get cars back on the road as the pandemic recedes, and disclosed a $600 million charge to provide UK drivers with benefits.Square gets a bitcoin boost with revenue up 266%Beyond Meat swings to a loss as grocery sales growth slowsRoku Q1 Active Account Growth Slows, Revenue Booms 79%Peloton Crushes Forecasts But Cuts Guidance Amid Treadmill RecallAMC Chain Posts $567.2 Million Loss as Film Fans Trickle Back","news_type":1},"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105494120,"gmtCreate":1620314751160,"gmtModify":1634206126693,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Let's go!","listText":"Let's go!","text":"Let's go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/105494120","repostId":"2133387578","repostType":4,"repost":{"id":"2133387578","kind":"highlight","pubTimestamp":1620296700,"share":"https://www.laohu8.com/m/news/2133387578?lang=&edition=full","pubTime":"2021-05-06 18:25","market":"us","language":"en","title":"Think Stocks Will Crash in May? Do These 4 Things Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2133387578","media":"Motley Fool","summary":"Stock market downturns can be daunting. Here's what you need to do to prepare.","content":"<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.</p>\n<p>Of course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced <a href=\"https://laohu8.com/S/AONE\">one</a> before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.</p>\n<h2>1. Pad your emergency savings</h2>\n<p>What does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.</p>\n<h2>2. Diversify</h2>\n<p>A diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in <a href=\"https://laohu8.com/S/AONE.U\">one</a> or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an <b>S&amp;P 500</b> index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.</p>\n<h2>3. Add dividend stocks to your portfolio</h2>\n<p>Companies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.</p>\n<h2>4. Stockpile some cash</h2>\n<p>Market crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.</p>\n<p>Even if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Think Stocks Will Crash in May? Do These 4 Things Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThink Stocks Will Crash in May? Do These 4 Things Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 18:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/05/06/think-stocks-will-crash-in-may-do-these-4-things-n/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2133387578","content_text":"When will the stock market crash? That's the big question on many investors' minds at a time when stocks are, across the board, pretty overvalued. In fact, if the stock market doesn't tank completely in the near term, investors should at the very least begin bracing for a correction, where stock values drop 10% or more.\nOf course, the idea of a stock market crash can be very scary, especially if you're a newer investor and you haven't experienced one before. But rather than allow yourself to get spooked, you're better off taking action. Here are a few crucial moves to make if you're worried that May is when the stock market will finally take a major turn for the worse.\n1. Pad your emergency savings\nWhat does the amount of money you have in the bank have to do with your stock portfolio? A lot, actually. If you secure your emergency fund so you have ample cash to cover unplanned expenses, you won't have to tap your investments out of desperation. That could, in turn, prevent you from needing to liquidate stocks at a time when their value has dropped substantially.\n2. Diversify\nA diverse portfolio could help you ride out a stock market crash, so if you're heavily invested in one or two market segments right now, take the opportunity to branch out -- before things take a turn for the worse. Diversifying could simply mean buying stocks in sectors you're not currently invested in. Or you could load up on some index funds or exchange-traded funds (ETFs) that give you access to the broader market. For example, if you invest in an S&P 500 index fund or ETF, you'll effectively be putting money into the 500 largest publicly traded companies on the market. It doesn't get much more diverse than that.\n3. Add dividend stocks to your portfolio\nCompanies that pay dividends tend to do so even when stock values are down. And that's a good way to hedge your bets. If your portfolio takes a hit, you can offset those losses with incoming dividend payments, and that's money you'll have the option to cash out and use as needed or reinvest.\n4. Stockpile some cash\nMarket crashes tend to spell opportunity, and so it's important to have cash at the ready for when stocks go on sale. While your first priority should be to shore up your emergency fund, if you're also able to divert some extra cash to your brokerage account, you'll put yourself in a great position to pounce while stocks are temporarily discounted.\nEven if you're a seasoned investor who follows the market closely, you probably won't be able to predict exactly when the stock market will crash next. While a May crash is certainly possible, it's also certainly not a given. But rather than spin your wheels trying to determine when that crash is coming, you should instead focus your energy on checking off the boxes above. That way, you'll really be ready for whatever is ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":177,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101772517,"gmtCreate":1619952727039,"gmtModify":1634208900156,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/101772517","repostId":"1103106179","repostType":4,"repost":{"id":"1103106179","kind":"news","pubTimestamp":1619917622,"share":"https://www.laohu8.com/m/news/1103106179?lang=&edition=full","pubTime":"2021-05-02 09:07","market":"us","language":"en","title":"Berkshire Hathaway Annual Meeting 2021: Highlights and storylines","url":"https://stock-news.laohu8.com/highlight/detail?id=1103106179","media":"Tiger Newspress","summary":"Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world","content":"<p>Emily McCormick·ReporterSun, May 2, 2021, 5:03 AM</p><p>Warren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.</p><p><a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16196040827650&quot;}\" target=\"_blank\"><b>Playback Live Here！</b></a></p><p>In an hours-long event, the investing legend fielded questions on Berkshire's business and investment decisions,offered advice for first-time investorsand touted the strength of American corporations in a characteristically optimistic tone.Buffett nodded to the Federal Reserveand Congress for their swift response to the COVID-19 crisis, and underscored the rebound in the U.S. economy. And the Oracle of Omaha also addressed the recent rise in retail trading andonline brokerage firmslike Robinhood,the rally in bitcoinand the boom in SPAC mergers.</p><p>In many ways, this year's meeting looked different from those in the past. The annual event took placein a hotel conference room in Los Angelesrather than in an arena in Omaha, Nebraska, due to the ongoing pandemic.</p><p>Buffett's long-time business partner Charlie Munger also returned onstage this year to co-lead the event, after sitting out last year because of the pandemic. And in a new move, Buffett and Munger were joined by Berkshire's Vice Chairmen Gregory Abel and Ajit Jain,in a signal of potential succession plans at the company.</p><p>Here were some of the highlights from the event.</p><p>—</p><p>Buffett said Berkshire Hathaway is seeing signs of rising price pressures during the COVID-19 recovery, corroborating many market participants' concerns about increasing inflationary pressures.</p><p>\"We're seeing substantial inflation. We're raising prices, people are raising prices to us. And it's being accepted,\" Buffett said. \"We really do a lot of housing. The costs are just up, up, up. Steel costs. You know, just every day they're going up.\"</p><p>\"It's an economy – really, it's red hot. And we weren't expecting it,\" he added.</p><p>—</p><p>Buffett said trading apps like Robinhoodhave contributed to the \"casino aspect\" of the stock market as of late, exploiting individuals' inclinations to gamble.</p><p>“It’s become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year, year and a half,\" Buffett said of Robinhood. \"There’s nothing, you know, there’s nothing illegal about it, there’s nothing immoral. But I don’t think you’d build a society around people doing it.\"</p><p>\"I think the degree to which a very rich society can reward people who know how to take advantage, essentially, of the gambling instincts of the American public, the worldwide public – it’s not the most admirable part of the accomplishment,\" Buffett added. \"But I think what America has accomplished is pretty admirable overall. And I think actually American corporations have turned out to be a wonderful place for people to put their money and save. But they also make terrific gambling chips, and if you cater to those gambling chips when people have money in their pocket for the first time and you tell them take my 30 or 40 or 50 trades a day and you’re not charging commission ... I hope we don’t have more of it.”</p><p>—</p><p>Buffett explained that Berkshire's move to unload many of its bank shares last year was not due to a lack of confidence in the banking industry, but more a decision to re-balance the portfolio and avoid being too heavily tilted toward one area.</p><p>\"I like banks generally, I just didn't like the proportion compared to the possible risk,\" Buffett said. \"We were over 10% of Bank of America. It's a real pain in the neck, more to the banks than us.\"</p><p>Berkshire held 1,032,952,006 shares of Bank of America as of the end of 2020, after adding 85.1 million shares in the third quarter alone. This gave Berkshire Hathaway an ownership stake of 11.9%. Berkshire cut its holdings of Wells Fargo from 345.7 million shares at year-end 2019 to 52.4 million by year-end 2020, and completely exited its holdings in JPMorgan Chase (JPM) and M&amp;T Bank Corp (MTB).</p><p>\"The banking business is way better than it was in the United States 10 or 15 years ago,\" he added. \"The banking business around the world in various places might worry me, but our banks are in far, far better shape than 10 or 15 years ago.\"</p><p>—</p><p>A shareholder asked Jain, who leads Berkshire's insurance business, whether he would be hypothetically willing to write an insurance policy for SpaceX founder Elon Musk for his proposed colonization of Mars.</p><p>\"This is an easy one. No thank you, I’ll pass,\" Jain said.</p><p>“Well I would say it would depend on the premium,” Buffett interjected with a laugh. \"And I would say that I would probably have a somewhat different rate if Elon was on board or not on board. It makes a difference if someone is asking to insure something.”</p><p>—</p><p>Warren Buffett declined to directly offer an opinion in response to a question on bitcoin, an assethe previously likened to \"rat poison squared.\"</p><p>\"I knew there’d be a question on bitcoin or crypto and I thought to myself well, I watch these politicians dodge questions all the time … The truth is, I’m going to dodge that question,\" Buffett said. \"Because the truth is, we’ve probably got hundreds of thousands of people that are watching this that own bitcoin. And we’ve probably got two people that are short. So we’ve got a choice of making 400,000 people mad at us and unhappy, and making two people happy. And it’s just a dumb equation.\"</p><p>Munger, however, issued a more direct attack.</p><p>\"Those who know me well are just waving the red flag at the bull. Of course I hate the bitcoin success,\" he said. \"And I don’t welcome a currency that’s so useful kidnappers and extortionists and so forth. Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.\"</p><p>—</p><p>Both Buffett and Munger issued strong words of support for share repurchases, especially after Berkshire reported repurchasing an additional $6.6 billion in stock in the first three months of 2021.</p><p>\"They're a way, essentially, of distributing the cash to the people that want the cash when other co-owners mostly want you to reinvest,\" Buffett said. \"It's a savings vehicle.\"</p><p>\"I find it almost impossible to believe some of the arguments that are made that it's terrible to repurchase shares from a partner if they want to get out of something, and you're able to do it at prices that are advantages to the people that are staying,\" Buffett said. \"And it helps slightly the person that wants out.\"</p><p>Munger offered a similar view.</p><p>\"You're repurchasing stock. Just a bullet higher, it's deeply immoral,\" Munger said. \"But if you're repurchasing stock because it's a fair thing to do in the interest of your existing shareholders, it's a highly moral act and the people who are criticizing it are bonkers.\"</p><p>—</p><p>Low interest rates have catalyzed a surge in valuations across equities, giving those who invest in the markets an opportunity to create wealth, Munger said during the Berkshire Hathaway question and answer segment.</p><p>\"I think one consequence of this present situation is, Bernie Sanders has basically won,\" Munger says. \"Because with everything boomed out so high and interest rates so low, what's going to happen is, the millennial generation is going to have a hell of a time getting rich compared to our generation ... He did it by accident, but he won.\"</p><p>\"And so the difference between the difference between the rich and the poor in the generation that's rising is going to be a lot less,\" he added. \"So Bernie has won.\"</p><p>—</p><p>Buffett received a question around special purpose acquisition companies, or blank-check companies, which have become a hugely popular means for firms to go public over the past year.</p><p>\"The SPACs generally have to spend their money in two years, as I understand it. If you have to buy a business in two years, you put a gun to my head and said you've got to buy a business in two years, I'd buy one but it wouldn't be much of one,\" Buffett.</p><p>\"If you're running money from somebody else and you get a fee and you get the upside and you don't have the downside, you're going to buy something,\" he added. \"And frankly we're not competitive with that.\"</p><p>\"It's an exaggerated version of what we've seen in kind of a gambling-type market,\" he added.</p><p>—</p><p>Buffett conceded that selling some of Apple's stock in 2020 was \"probably a mistake,\" with shares rising even further this year following the tech-led 2020 in the markets.</p><p>\"The brand and the product — it's an incredible product,\" Buffett said of Apple. \"It is indispensable to people.\"</p><p>\"I sold some stock last year, although our shareholders still saw their shares go up because we repurchased shares,\" he added. \"But that was probably a mistake.\"</p><p>Berkshire owned 907,559,761 shares of Appleas of the end of December for a total market value of $120.4 billion. By contrast, the firm spent just $31 billion accumulating this stake since late 2016.</p><p>—</p><p>A shareholder directed a question to Ajit Jain and Greg Abel asking about the relationship the two likely next leaders of Berkshire Hathaway have with one another, given how iconic the relationship between Warren Buffett and Charlie Munger has been over the course of the company's history.</p><p>\"There's no question the relationship Warren has with Charlie is unique,\" Jain said. \"It's not going to be duplicated, certainly not by me and Greg. I can't think of anybody that can duplicate it.\"</p><p>\"I certainly have a lot of respect, both at a professional level and personal level, in terms of what Greg's abilities are,\" Jain added. \"We do not interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective decision.\"</p><p>\"Even though the interaction may be different than say how Warren and Charlie do it ... we make sure we're always following up with each other but it goes beyond that,\" Abel said. \"Ajit has a great understanding of the Berkshire culture. I strongly believe I do too.\"</p><p>—</p><p>One shareholder asked Buffett about Berkshire's decision to invest in the oil and gas industry, and queried whether we might have \"build our own unrealistic consensus on the pace of change\" to clean energy solutions. Buffett defended the company's investment in the industry and in Chevron specifically, whichwas a relatively recent investment for the firm.</p><p>\"I would say that people are on the extremes of both sides are a little nuts. I would hate to have all the hydrocarbons banned in three years,\" Buffett said. \"You wouldn't want a world — it wouldn't work. And on the other hand, what's happening will be adapted to over time just as we've adapted to all kinds of things.\"</p><p>\"We have no problem owning Costco or Walmart and a substantial number of their stores. And they sell cigarettes, it's a big item,\" he added as an analogy. \"It's a very tough situation ... It's a very tough time to decide what companies benefit societies more than others.\"</p><p>\"I don't like making the moral judgments on stocks in terms of actually running the businesses, but there's something about every business that you knew that you wouldn't like,\" he added. \"If you expect perfection in your spouse or in your friends or in companies you're not going to find it.\"</p><p>\"Chevron is not an evil company in the least, and I have no compunction about owning it in the least, about owning Chevron,\" Buffett concluded. \"And if we owned the entire business I would not feel uncomfortable about being in that business.\"</p><p>Answering a subsequent question about the Berkshire board of directors' recommendation to voteagainst reporting climate-related risks, Munger added, \"I don't know we know the answer to all these questions about global warming.\"</p><p>\"The people who ask the questions think they know the answer. We're just more modest.\"</p><p>—</p><p>Most investors would benefit from simply purchasing an S&amp;P 500 index fund over the long run rather than picking individual stocks, even including Berkshire Hathaway, Buffett said during the question-and-answer session Saturday.</p><p>\"I recommend the S&amp;P 500 index fund … I’ve never recommended Berkshire to anybody because I don’t want people to buy it because they think I’m tipping them into something,\" he said. \"On my death there's a fund for my then-widow and 90% will go into an S&amp;P 500 index fund.\"</p><p>\"I do not think the average person can pick stocks,\" he added. \"We happen to have a large group of people that didn't pick stocks but they picked Charlie and me to manage money for them 50, 60 years ago. So we have a very unusual group of shareholders I think who look at Berkshire as a lifetime savings vehicle and one that they don’t have to think about and one that they'll, you know, they don't look at it again for 10 to 20 years.\"</p><p>Charlie Munger, on the other hand, had a different perspective.</p><p>\"I personally prefer holding Berkshire to holding the market,\" he said in response to the same question. \"I’m quite comfortable holding Berkshire. I think our businesses are better than the average in the market.\"</p><p>—</p><p>Buffett reiterated a staunchly supportive stance of U.S. corporations and capitalism in his opening remarks, highlighting that five of the six largest companies in the world by market capitalization currently comprise domestic companies. Those five companies are Apple, Microsoft, Amazon, Alphabet and Facebook, with only Saudi Aramco of Saudi Arabia coming in as a non-U.S. mega-cap company in the top six.</p><p>But only a couple hundred years ago, the U.S. looked like the underdog.</p><p>\"In 1790 we had one-half of 1% of the world's population,\" Buffett said. \"600,000 of them were slaves. Ireland had more people than the United States had. Russia had five times as many people. Ukraine had twice as many people.\"</p><p>\"But here we were. What did we have? We had a map for the future, an aspirational map that somehow now only 232 years later, leaves us with five of the top six companies in the world,\" he said. \"It's not an accident. And it's not because we were way smarter, way stronger or anything of the sort. We had good soil, decent climate, but so did some of the other countries I named. This system has worked very well.\"</p><p>—</p><p>In opening remarks at the start of Berkshire Hathaway's annual shareholder meeting, Buffett credited the U.S. economic recovery from the COVID-19 crisis toswift action by the Federal Reserve and Congress.</p><p>\"The economy went off a cliff in March. It was resurrected in an extraordinarily effective way by Federal Reserve action and later on the fiscal front by Congress,\" Buffett said in opening remarks at Berkshire's annual shareholder meeting.\"</p><p>He added that Berkshire Hathaway's own business has picked up tremendously alongside the broader economy, and suggested businesses like airlines were still among those most deeply affected by lingering effects from the pandemic.</p><p>\"Our businesses have done really quite well. This has been a very, very, very unusual recession in that it's been localized ... to an extraordinary extent. Right now business is really very good in a great many segments of the economy,\" he added. \"But there's still problems if you're in a few types of businesses that have been decimated such as international air travel or something of the sort.\"</p><p>—</p><p>The CEO of See's Candies, one of the longstanding companies owned by Berkshire Hathaway, told Yahoo Finance that the companyhas seen a strong rebound at the start of 2021. However, last year, business virtually ground to a halt.</p><p>\"This has been the longest decade of my life. We've been through a lot. Last year – it's a tale of a couple of different quarters. The first quarter was tremendous,\" See's Candies CEO Pat Egan said in an interview with Yahoo Finance's Julia La Roche ahead of the start of Berkshire's annual shareholder meeting. \"In the middle of March, when this [pandemic] really hit, we shut down all of our stores in a span of five days. So about 245 stores we closed in a matter of days. And then about a week and a half later, we closed our e-commerce fulfillment center down in Southern California. So for a period of time there, we essentially completely stopped.\"</p><p>\"We just said, we're not going to reopen stores or reopen plants until we can create a safe operating environment for our employees,\" he added. \"That took a while, and by the time we restored over the summer we saw customers coming back in. But for that period of time, it was pretty rough.\"</p><p>See's Candies just completed its \"best first quarter ever\" at the start of 2021, Egan added.</p><p>—</p><p>Berkshire Hathawayreported first-quarter results Saturday morning, underscoring arebound in profits across the firm's businesses amid the COVID-19 recovery. Berkshire also reported that it conducted another $6.6 billion of stock buybacks, extending its ramped-up share repurchase program from 2020.</p><p>Operating income during the first three months of the year increased to $7.02 billion, rising 19.5% compared to the $5.87 billion posted in the first quarter of 2020. Net earnings attributable to Berkshire shareholders swung back to a profit of $11.71 billion, compared to a loss of $49.75 billion in the same quarter last year.</p><p>Consolidated shareholders' equity rose by $4.8 billion to $448 billion by the end of March compared to the fourth quarter of 2020.</p><p><a href=\"https://laohu8.com/RN?name=RNLive&amp;rndata={&quot;liveId&quot;:&quot;16196040827650&quot;}\" target=\"_blank\">If you want to watch the full live video, please click here.</a></p>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Berkshire Hathaway Annual Meeting 2021: Highlights and storylines</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBerkshire Hathaway Annual Meeting 2021: Highlights and storylines\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-02 09:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50><strong>Tiger Newspress</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.Playback Live Here！In an hours-...</p>\n\n<a href=\"https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔"},"source_url":"https://www.forbes.com/sites/garymishuris/2020/05/03/3-insights-from-warren-buffett-at-berkshire-hathaways-2020-annual-meeting/?sh=565c65856d50","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103106179","content_text":"Emily McCormick·ReporterSun, May 2, 2021, 5:03 AMWarren Buffett addressed investors around the world on Saturday at Berkshire Hathaway's 2021 Annual Shareholder Meeting.Playback Live Here！In an hours-long event, the investing legend fielded questions on Berkshire's business and investment decisions,offered advice for first-time investorsand touted the strength of American corporations in a characteristically optimistic tone.Buffett nodded to the Federal Reserveand Congress for their swift response to the COVID-19 crisis, and underscored the rebound in the U.S. economy. And the Oracle of Omaha also addressed the recent rise in retail trading andonline brokerage firmslike Robinhood,the rally in bitcoinand the boom in SPAC mergers.In many ways, this year's meeting looked different from those in the past. The annual event took placein a hotel conference room in Los Angelesrather than in an arena in Omaha, Nebraska, due to the ongoing pandemic.Buffett's long-time business partner Charlie Munger also returned onstage this year to co-lead the event, after sitting out last year because of the pandemic. And in a new move, Buffett and Munger were joined by Berkshire's Vice Chairmen Gregory Abel and Ajit Jain,in a signal of potential succession plans at the company.Here were some of the highlights from the event.—Buffett said Berkshire Hathaway is seeing signs of rising price pressures during the COVID-19 recovery, corroborating many market participants' concerns about increasing inflationary pressures.\"We're seeing substantial inflation. We're raising prices, people are raising prices to us. And it's being accepted,\" Buffett said. \"We really do a lot of housing. The costs are just up, up, up. Steel costs. You know, just every day they're going up.\"\"It's an economy – really, it's red hot. And we weren't expecting it,\" he added.—Buffett said trading apps like Robinhoodhave contributed to the \"casino aspect\" of the stock market as of late, exploiting individuals' inclinations to gamble.“It’s become a very significant part of the casino aspect, the casino group, that has joined into the stock market in the last year, year and a half,\" Buffett said of Robinhood. \"There’s nothing, you know, there’s nothing illegal about it, there’s nothing immoral. But I don’t think you’d build a society around people doing it.\"\"I think the degree to which a very rich society can reward people who know how to take advantage, essentially, of the gambling instincts of the American public, the worldwide public – it’s not the most admirable part of the accomplishment,\" Buffett added. \"But I think what America has accomplished is pretty admirable overall. And I think actually American corporations have turned out to be a wonderful place for people to put their money and save. But they also make terrific gambling chips, and if you cater to those gambling chips when people have money in their pocket for the first time and you tell them take my 30 or 40 or 50 trades a day and you’re not charging commission ... I hope we don’t have more of it.”—Buffett explained that Berkshire's move to unload many of its bank shares last year was not due to a lack of confidence in the banking industry, but more a decision to re-balance the portfolio and avoid being too heavily tilted toward one area.\"I like banks generally, I just didn't like the proportion compared to the possible risk,\" Buffett said. \"We were over 10% of Bank of America. It's a real pain in the neck, more to the banks than us.\"Berkshire held 1,032,952,006 shares of Bank of America as of the end of 2020, after adding 85.1 million shares in the third quarter alone. This gave Berkshire Hathaway an ownership stake of 11.9%. Berkshire cut its holdings of Wells Fargo from 345.7 million shares at year-end 2019 to 52.4 million by year-end 2020, and completely exited its holdings in JPMorgan Chase (JPM) and M&T Bank Corp (MTB).\"The banking business is way better than it was in the United States 10 or 15 years ago,\" he added. \"The banking business around the world in various places might worry me, but our banks are in far, far better shape than 10 or 15 years ago.\"—A shareholder asked Jain, who leads Berkshire's insurance business, whether he would be hypothetically willing to write an insurance policy for SpaceX founder Elon Musk for his proposed colonization of Mars.\"This is an easy one. No thank you, I’ll pass,\" Jain said.“Well I would say it would depend on the premium,” Buffett interjected with a laugh. \"And I would say that I would probably have a somewhat different rate if Elon was on board or not on board. It makes a difference if someone is asking to insure something.”—Warren Buffett declined to directly offer an opinion in response to a question on bitcoin, an assethe previously likened to \"rat poison squared.\"\"I knew there’d be a question on bitcoin or crypto and I thought to myself well, I watch these politicians dodge questions all the time … The truth is, I’m going to dodge that question,\" Buffett said. \"Because the truth is, we’ve probably got hundreds of thousands of people that are watching this that own bitcoin. And we’ve probably got two people that are short. So we’ve got a choice of making 400,000 people mad at us and unhappy, and making two people happy. And it’s just a dumb equation.\"Munger, however, issued a more direct attack.\"Those who know me well are just waving the red flag at the bull. Of course I hate the bitcoin success,\" he said. \"And I don’t welcome a currency that’s so useful kidnappers and extortionists and so forth. Nor do I like shoveling out a few extra billions and billions and billions of dollars to somebody who just invented a new financial product out of thin air. So I think I should say modestly that the whole damn development is disgusting and contrary to the interest of civilization.\"—Both Buffett and Munger issued strong words of support for share repurchases, especially after Berkshire reported repurchasing an additional $6.6 billion in stock in the first three months of 2021.\"They're a way, essentially, of distributing the cash to the people that want the cash when other co-owners mostly want you to reinvest,\" Buffett said. \"It's a savings vehicle.\"\"I find it almost impossible to believe some of the arguments that are made that it's terrible to repurchase shares from a partner if they want to get out of something, and you're able to do it at prices that are advantages to the people that are staying,\" Buffett said. \"And it helps slightly the person that wants out.\"Munger offered a similar view.\"You're repurchasing stock. Just a bullet higher, it's deeply immoral,\" Munger said. \"But if you're repurchasing stock because it's a fair thing to do in the interest of your existing shareholders, it's a highly moral act and the people who are criticizing it are bonkers.\"—Low interest rates have catalyzed a surge in valuations across equities, giving those who invest in the markets an opportunity to create wealth, Munger said during the Berkshire Hathaway question and answer segment.\"I think one consequence of this present situation is, Bernie Sanders has basically won,\" Munger says. \"Because with everything boomed out so high and interest rates so low, what's going to happen is, the millennial generation is going to have a hell of a time getting rich compared to our generation ... He did it by accident, but he won.\"\"And so the difference between the difference between the rich and the poor in the generation that's rising is going to be a lot less,\" he added. \"So Bernie has won.\"—Buffett received a question around special purpose acquisition companies, or blank-check companies, which have become a hugely popular means for firms to go public over the past year.\"The SPACs generally have to spend their money in two years, as I understand it. If you have to buy a business in two years, you put a gun to my head and said you've got to buy a business in two years, I'd buy one but it wouldn't be much of one,\" Buffett.\"If you're running money from somebody else and you get a fee and you get the upside and you don't have the downside, you're going to buy something,\" he added. \"And frankly we're not competitive with that.\"\"It's an exaggerated version of what we've seen in kind of a gambling-type market,\" he added.—Buffett conceded that selling some of Apple's stock in 2020 was \"probably a mistake,\" with shares rising even further this year following the tech-led 2020 in the markets.\"The brand and the product — it's an incredible product,\" Buffett said of Apple. \"It is indispensable to people.\"\"I sold some stock last year, although our shareholders still saw their shares go up because we repurchased shares,\" he added. \"But that was probably a mistake.\"Berkshire owned 907,559,761 shares of Appleas of the end of December for a total market value of $120.4 billion. By contrast, the firm spent just $31 billion accumulating this stake since late 2016.—A shareholder directed a question to Ajit Jain and Greg Abel asking about the relationship the two likely next leaders of Berkshire Hathaway have with one another, given how iconic the relationship between Warren Buffett and Charlie Munger has been over the course of the company's history.\"There's no question the relationship Warren has with Charlie is unique,\" Jain said. \"It's not going to be duplicated, certainly not by me and Greg. I can't think of anybody that can duplicate it.\"\"I certainly have a lot of respect, both at a professional level and personal level, in terms of what Greg's abilities are,\" Jain added. \"We do not interact with each other as often as Warren and Charlie do. But every quarter we will talk to each other about our respective decision.\"\"Even though the interaction may be different than say how Warren and Charlie do it ... we make sure we're always following up with each other but it goes beyond that,\" Abel said. \"Ajit has a great understanding of the Berkshire culture. I strongly believe I do too.\"—One shareholder asked Buffett about Berkshire's decision to invest in the oil and gas industry, and queried whether we might have \"build our own unrealistic consensus on the pace of change\" to clean energy solutions. Buffett defended the company's investment in the industry and in Chevron specifically, whichwas a relatively recent investment for the firm.\"I would say that people are on the extremes of both sides are a little nuts. I would hate to have all the hydrocarbons banned in three years,\" Buffett said. \"You wouldn't want a world — it wouldn't work. And on the other hand, what's happening will be adapted to over time just as we've adapted to all kinds of things.\"\"We have no problem owning Costco or Walmart and a substantial number of their stores. And they sell cigarettes, it's a big item,\" he added as an analogy. \"It's a very tough situation ... It's a very tough time to decide what companies benefit societies more than others.\"\"I don't like making the moral judgments on stocks in terms of actually running the businesses, but there's something about every business that you knew that you wouldn't like,\" he added. \"If you expect perfection in your spouse or in your friends or in companies you're not going to find it.\"\"Chevron is not an evil company in the least, and I have no compunction about owning it in the least, about owning Chevron,\" Buffett concluded. \"And if we owned the entire business I would not feel uncomfortable about being in that business.\"Answering a subsequent question about the Berkshire board of directors' recommendation to voteagainst reporting climate-related risks, Munger added, \"I don't know we know the answer to all these questions about global warming.\"\"The people who ask the questions think they know the answer. We're just more modest.\"—Most investors would benefit from simply purchasing an S&P 500 index fund over the long run rather than picking individual stocks, even including Berkshire Hathaway, Buffett said during the question-and-answer session Saturday.\"I recommend the S&P 500 index fund … I’ve never recommended Berkshire to anybody because I don’t want people to buy it because they think I’m tipping them into something,\" he said. \"On my death there's a fund for my then-widow and 90% will go into an S&P 500 index fund.\"\"I do not think the average person can pick stocks,\" he added. \"We happen to have a large group of people that didn't pick stocks but they picked Charlie and me to manage money for them 50, 60 years ago. So we have a very unusual group of shareholders I think who look at Berkshire as a lifetime savings vehicle and one that they don’t have to think about and one that they'll, you know, they don't look at it again for 10 to 20 years.\"Charlie Munger, on the other hand, had a different perspective.\"I personally prefer holding Berkshire to holding the market,\" he said in response to the same question. \"I’m quite comfortable holding Berkshire. I think our businesses are better than the average in the market.\"—Buffett reiterated a staunchly supportive stance of U.S. corporations and capitalism in his opening remarks, highlighting that five of the six largest companies in the world by market capitalization currently comprise domestic companies. Those five companies are Apple, Microsoft, Amazon, Alphabet and Facebook, with only Saudi Aramco of Saudi Arabia coming in as a non-U.S. mega-cap company in the top six.But only a couple hundred years ago, the U.S. looked like the underdog.\"In 1790 we had one-half of 1% of the world's population,\" Buffett said. \"600,000 of them were slaves. Ireland had more people than the United States had. Russia had five times as many people. Ukraine had twice as many people.\"\"But here we were. What did we have? We had a map for the future, an aspirational map that somehow now only 232 years later, leaves us with five of the top six companies in the world,\" he said. \"It's not an accident. And it's not because we were way smarter, way stronger or anything of the sort. We had good soil, decent climate, but so did some of the other countries I named. This system has worked very well.\"—In opening remarks at the start of Berkshire Hathaway's annual shareholder meeting, Buffett credited the U.S. economic recovery from the COVID-19 crisis toswift action by the Federal Reserve and Congress.\"The economy went off a cliff in March. It was resurrected in an extraordinarily effective way by Federal Reserve action and later on the fiscal front by Congress,\" Buffett said in opening remarks at Berkshire's annual shareholder meeting.\"He added that Berkshire Hathaway's own business has picked up tremendously alongside the broader economy, and suggested businesses like airlines were still among those most deeply affected by lingering effects from the pandemic.\"Our businesses have done really quite well. This has been a very, very, very unusual recession in that it's been localized ... to an extraordinary extent. Right now business is really very good in a great many segments of the economy,\" he added. \"But there's still problems if you're in a few types of businesses that have been decimated such as international air travel or something of the sort.\"—The CEO of See's Candies, one of the longstanding companies owned by Berkshire Hathaway, told Yahoo Finance that the companyhas seen a strong rebound at the start of 2021. However, last year, business virtually ground to a halt.\"This has been the longest decade of my life. We've been through a lot. Last year – it's a tale of a couple of different quarters. The first quarter was tremendous,\" See's Candies CEO Pat Egan said in an interview with Yahoo Finance's Julia La Roche ahead of the start of Berkshire's annual shareholder meeting. \"In the middle of March, when this [pandemic] really hit, we shut down all of our stores in a span of five days. So about 245 stores we closed in a matter of days. And then about a week and a half later, we closed our e-commerce fulfillment center down in Southern California. So for a period of time there, we essentially completely stopped.\"\"We just said, we're not going to reopen stores or reopen plants until we can create a safe operating environment for our employees,\" he added. \"That took a while, and by the time we restored over the summer we saw customers coming back in. But for that period of time, it was pretty rough.\"See's Candies just completed its \"best first quarter ever\" at the start of 2021, Egan added.—Berkshire Hathawayreported first-quarter results Saturday morning, underscoring arebound in profits across the firm's businesses amid the COVID-19 recovery. Berkshire also reported that it conducted another $6.6 billion of stock buybacks, extending its ramped-up share repurchase program from 2020.Operating income during the first three months of the year increased to $7.02 billion, rising 19.5% compared to the $5.87 billion posted in the first quarter of 2020. Net earnings attributable to Berkshire shareholders swung back to a profit of $11.71 billion, compared to a loss of $49.75 billion in the same quarter last year.Consolidated shareholders' equity rose by $4.8 billion to $448 billion by the end of March compared to the fourth quarter of 2020.If you want to watch the full live video, please click here.","news_type":1},"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377856377,"gmtCreate":1619517067899,"gmtModify":1634212124592,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Comment and like pls","listText":"Comment and like pls","text":"Comment and like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/377856377","repostId":"1118284851","repostType":4,"repost":{"id":"1118284851","kind":"news","pubTimestamp":1619486023,"share":"https://www.laohu8.com/m/news/1118284851?lang=&edition=full","pubTime":"2021-04-27 09:13","market":"us","language":"en","title":"Alphabet Reports Earnings Tuesday. Here Is What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1118284851","media":"Barrons","summary":"With the digital advertising market in recovery across all industries, Alphabet will likely benefit when it reports first-quarter earnings Tuesday.Yet, after a powerful fourth-quarter, expectations for Alphabet  have ratcheted up considerably.The consensus adjusted earnings estimate has jumped nearly 15% since January, now clocking in at $18.05 a share. Analyst revenue expectations have increased roughly 5% since January, with the current expectation at $42.48 billion, excluding traffic acquisit","content":"<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/27f6b1c075346da3bdbc11535996e584\" tg-width=\"1260\" tg-height=\"840\"><span>Drew Angerer/Getty Images</span></p>\n<p>With the digital advertising market in recovery across all industries, Alphabet will likely benefit when it reports first-quarter earnings Tuesday.</p>\n<p>Yet, after a powerful fourth-quarter, expectations for Alphabet&nbsp;(ticker: GOOGL) have ratcheted up considerably.</p>\n<p>The consensus adjusted earnings estimate has jumped nearly 15% since January, now clocking in at $18.05 a share. Analyst revenue expectations have increased roughly 5% since January, with the current expectation at $42.48 billion, excluding traffic acquisitions costs, or TAC; with TAC, analysts model total revenue of $51.66 billion.</p>\n<p>Stifel analyst Scott Devitt&nbsp;wrote that his team expects another batch of strong results. He argued that third-party data and industry commentary suggest that paid search ads will benefit from retail and commerce spending, and some early rebounding travel dollars.</p>\n<p>In typical years, advertising company revenue shrinks in the first quarter, compared with the holidays. But this year, Devitt wrote the decline is expected to be less significant.</p>\n<p>Baird analyst Colin Sebastian&nbsp;wrote in a note that data collected by his team supports prospects for a strong online ad spending rebound through this year. According to his calculations, spending will increase 26% to just under $200 billion in the U.S. Alphabet is set to capture the most of, followed by Facebook&nbsp;(FB),&nbsp;and Amazon.com&nbsp;(AMZN).</p>\n<p>Snap&nbsp;reported better-than-forecast results for the first quarter last week, also supporting the idea that digital ad sales are rebounding quickly.</p>\n<p>MKM Partners analyst Rohit Kulkarni&nbsp;wrote that his team was “marginally cautious” in part because of the high expectations ahead of results. In the research note Kulkarni said his top questions include whether the company can accelerate YouTube revenue similar to other social media platforms. The consensus estimate for YouTube ad sales is $5.72 billion.</p>\n<p>In its fourth-quarter earnings, Alphabet broke out its cloud business as a separate reporting segment. Doing so gave investors the first opportunity to gauge its profitability, through its operating income or losses line item. Analysts had a mixed view of the operating losses it reported but it’s likely a positive sign the company started to make the disclosure.</p>\n<p>For the first quarter, analysts expect the company’s cloud computing segment to report revenue of $4.01 billion.</p>\n<p>Of the sell-side analysts that cover Alphabet, 95% rate shares a Buy, and 4.7% rate it a Hold. There are no Sell ratings on the stock. The average target price is $2,509.44, which implies upside of 8.6%.</p>\n<p>Alphabet Class A shares closed up 0.4% to $2,309.93. Shares of the company surged 81% in the past year as the S&amp;P 500 index advanced 48%.</p>\n<p>Alphabet is expected to report earnings after the closing bell Tuesday, and has scheduled a conference call for 5 p.m. Eastern time.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alphabet Reports Earnings Tuesday. Here Is What to Expect.</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\">\nAlphabet Reports Earnings Tuesday. Here Is What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 09:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/alphabet-reports-earnings-tuesday-here-is-what-to-expect-51619473308?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Drew Angerer/Getty Images\nWith the digital advertising market in recovery across all industries, Alphabet will likely benefit when it reports first-quarter earnings Tuesday.\nYet, after a powerful ...</p>\n\n<a href=\"https://www.barrons.com/articles/alphabet-reports-earnings-tuesday-here-is-what-to-expect-51619473308?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.barrons.com/articles/alphabet-reports-earnings-tuesday-here-is-what-to-expect-51619473308?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118284851","content_text":"Drew Angerer/Getty Images\nWith the digital advertising market in recovery across all industries, Alphabet will likely benefit when it reports first-quarter earnings Tuesday.\nYet, after a powerful fourth-quarter, expectations for Alphabet (ticker: GOOGL) have ratcheted up considerably.\nThe consensus adjusted earnings estimate has jumped nearly 15% since January, now clocking in at $18.05 a share. Analyst revenue expectations have increased roughly 5% since January, with the current expectation at $42.48 billion, excluding traffic acquisitions costs, or TAC; with TAC, analysts model total revenue of $51.66 billion.\nStifel analyst Scott Devitt wrote that his team expects another batch of strong results. He argued that third-party data and industry commentary suggest that paid search ads will benefit from retail and commerce spending, and some early rebounding travel dollars.\nIn typical years, advertising company revenue shrinks in the first quarter, compared with the holidays. But this year, Devitt wrote the decline is expected to be less significant.\nBaird analyst Colin Sebastian wrote in a note that data collected by his team supports prospects for a strong online ad spending rebound through this year. According to his calculations, spending will increase 26% to just under $200 billion in the U.S. Alphabet is set to capture the most of, followed by Facebook (FB), and Amazon.com (AMZN).\nSnap reported better-than-forecast results for the first quarter last week, also supporting the idea that digital ad sales are rebounding quickly.\nMKM Partners analyst Rohit Kulkarni wrote that his team was “marginally cautious” in part because of the high expectations ahead of results. In the research note Kulkarni said his top questions include whether the company can accelerate YouTube revenue similar to other social media platforms. The consensus estimate for YouTube ad sales is $5.72 billion.\nIn its fourth-quarter earnings, Alphabet broke out its cloud business as a separate reporting segment. Doing so gave investors the first opportunity to gauge its profitability, through its operating income or losses line item. Analysts had a mixed view of the operating losses it reported but it’s likely a positive sign the company started to make the disclosure.\nFor the first quarter, analysts expect the company’s cloud computing segment to report revenue of $4.01 billion.\nOf the sell-side analysts that cover Alphabet, 95% rate shares a Buy, and 4.7% rate it a Hold. There are no Sell ratings on the stock. The average target price is $2,509.44, which implies upside of 8.6%.\nAlphabet Class A shares closed up 0.4% to $2,309.93. Shares of the company surged 81% in the past year as the S&P 500 index advanced 48%.\nAlphabet is expected to report earnings after the closing bell Tuesday, and has scheduled a conference call for 5 p.m. Eastern time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102823592,"gmtCreate":1620195680916,"gmtModify":1634207049929,"author":{"id":"3582425100393191","authorId":"3582425100393191","name":"newbeezz","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3582425100393191","idStr":"3582425100393191"},"themes":[],"htmlText":"Koment","listText":"Koment","text":"Koment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/102823592","repostId":"2133544451","repostType":4,"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}