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lrjk1985

lrjk1985

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2021-12-21

Wow that is good news

抱歉，原内容已删除

2021-12-20

I think $11bn is a large amount of tax for anyone topay. We have to be fair to him too…

Tesla's Musk says he will pay over $11 bln in taxes this year

2021-12-18

It’s kind of always the same few stocks, but they work

3 Warren Buffett Stocks I Like Heading Into 2022

2021-12-16

Pretty clear that the writer doesn’t understand what’s happening with Apple in the next few years.

Apple Stock Is Now A Bubble

2021-12-16

Probably will. To take profit too!

Will Warren Buffett’s Conglomerate Trim Its AAPL Position?

2021-12-16

This would be interesting!

NYPD Considers Ordering 250 Tesla Model 3 Sedans for $12.6 Million, Documents Reveal

2021-12-14

I’ve never doubted MSFT

抱歉，原内容已删除

2021-12-12

$Palantir Technologies Inc.(PLTR)$Still in conviction about this stock.

2021-12-06

Guys, please don’t just lean on the headlines. If you go and read all the analyst estimates, you will notice that there is a range. Bullish $191 case is a veryvery very high target.I’m Long AAPL, but I just want to say… don’t go inunless you’re clear about what you’re buying.

抱歉，原内容已删除

2021-12-06

He was selling it off to pay taxes, which is why the news about him selling was never a problem. If youbelieve in Tesla, hold.

How Elon Musk sold 10 million Tesla shares and increased his Tesla holdings

2021-11-12

Buy the dip then…

抱歉，原内容已删除

2021-11-10

Apes strong together

抱歉，原内容已删除

2021-11-03

$Palantir Technologies Inc.(PLTR)$let’s gooooooo

2021-10-29

BUY THE AAPL DIP

Apple and Amazon are struggling, so investors may want to look to these tech stocks instead

2021-10-29

Yes. This is the moment to go in.

Analyst Says Apple's Supply Chain That Crashed The iPhone Party Is 'Transitory,' Views Sell-Off As 'Golden Buying Opportunity'

2021-10-28

$Palantir Technologies Inc.(PLTR)$Woot woot

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that is good news","listText":"Wow that is good news","text":"Wow that is good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691061904","repostId":"1130364908","repostType":4,"isVote":1,"tweetType":1,"viewCount":819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":693365034,"gmtCreate":1639973125148,"gmtModify":1639973125238,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I think $11bn is a large amount of tax for anyone topay. We have to be fair to him too…","listText":"I think $11bn is a large amount of tax for anyone topay. We have to be fair to him too…","text":"I think $11bn is a large amount of tax for anyone topay. We have to be fair to him too…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693365034","repostId":"2192076079","repostType":2,"repost":{"id":"2192076079","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":1639970738,"share":"https://www.laohu8.com/m/news/2192076079?lang=&edition=full","pubTime":"2021-12-20 11:25","market":"us","language":"en","title":"Tesla's Musk says he will pay over $11 bln in taxes this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2192076079","media":"Reuters","summary":"Dec 19 (Reuters) - Electric-car maker Tesla Inc's Chief Executive Officer Elon Musk said on Sunday o","content":"<p>Dec 19 (Reuters) - Electric-car maker Tesla Inc's&nbsp;Chief Executive Officer Elon Musk said on Sunday on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> that he will pay more than $11 billion in taxes this year.</p>\n<p>Earlier this week, Democratic U.S. Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop \"freeloading off everyone else\" after Time magazine named him its \"person of the year\". </p>\n<p>Musk responded by saying that he \"will pay more taxes than any American in history this year\".</p>\n<p>Musk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.</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>Tesla's Musk says he will pay over $11 bln in taxes this year</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\">\nTesla's Musk says he will pay over $11 bln in taxes this year\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\">2021-12-20 11:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Dec 19 (Reuters) - Electric-car maker Tesla Inc's&nbsp;Chief Executive Officer Elon Musk said on Sunday on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> that he will pay more than $11 billion in taxes this year.</p>\n<p>Earlier this week, Democratic U.S. Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop \"freeloading off everyone else\" after Time magazine named him its \"person of the year\". </p>\n<p>Musk responded by saying that he \"will pay more taxes than any American in history this year\".</p>\n<p>Musk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4555":"新能源车","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2192076079","content_text":"Dec 19 (Reuters) - Electric-car maker Tesla Inc's Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this year.\nEarlier this week, Democratic U.S. Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop \"freeloading off everyone else\" after Time magazine named him its \"person of the year\". \nMusk responded by saying that he \"will pay more taxes than any American in history this year\".\nMusk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699652205,"gmtCreate":1639795745960,"gmtModify":1639795746066,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"It’s kind of always the same few stocks, but they work","listText":"It’s kind of always the same few stocks, but they work","text":"It’s kind of always the same few stocks, but they work","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699652205","repostId":"2192497854","repostType":4,"repost":{"id":"2192497854","pubTimestamp":1639746681,"share":"https://www.laohu8.com/m/news/2192497854?lang=&edition=full","pubTime":"2021-12-17 21:11","market":"us","language":"en","title":"3 Warren Buffett Stocks I Like Heading Into 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2192497854","media":"Motley Fool","summary":"Three of Buffett's largest holdings look strong heading into 2022.","content":"<p>Warren Buffett and his company&nbsp;<b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B) are well known for their stock-picking abilities that have been proven over many decades. For this prowess, along with Berkshire's success in the other businesses the conglomerate operates in, the stock has consistently been a winner.</p>\n<p>Between 1965 and 2020, Berkshire's stock has generated compounded annual gains of 20%, compared to the <b>S&amp;P 500</b>'s compounded annual gain of 10.2%, including dividends, over the same timeframe. It's for this very reason that investors watch Buffett and Berkshire's stock picks so closely. Here are three Buffett stocks I like heading into 2022.</p>\n<h2>1. Bank of America</h2>\n<p>America's second-largest bank by assets,&nbsp;<b>Bank of America</b> (NYSE:BAC), also happens to be the second-largest position in Buffett and Berkshire's equities portfolio. Buffett first got in on Bank of America coming out of the Great Recession and currently owns more than 1 billion shares worth nearly $45.8 billion. Early in the pandemic in the middle of 2020, Buffett took advantage of the beaten-down bank sector to plow another $2 billion into Bank of America and now owns nearly 12% of the financial institution's outstanding shares.</p>\n<p>Shares of Bank of America have climbed more than 47% this year and are up more than double from pandemic lows. While the valuation has gotten high, I like Bank of America because it is well-positioned to deal with higher inflation, higher interest rates, and more difficult market conditions that could be seen next year. Higher interest rates benefit Bank of America tremendously because the yields on many of the loans at the bank will increase along with the rate hikes. The consumer is currently in great shape. Since banking is linked to the overall economy and gross domestic product in the U.S. is expected to grow about 4% next year, I think the bank is going to have a good year.</p>\n<h2>2. American Express</h2>\n<p>Berkshire owns more than 151 million shares of the credit card company <b>American Express</b> (NYSE:AXP) for a total value of roughly $24.7 billion, making it the third-largest holding in Berkshire's portfolio. American Express has also had a nice year with the stock price up more than 38%.</p>\n<p>There are two main reasons I like American Express heading into 2022. For one, because the consumer has been so healthy, Americans have been paying off their credit card bills and haven't had as much need to take on debt. As money and benefits from previous stimulus bills run down, that won't always be the case. At the beginning of December, <i>The Wall Street Journal</i> reported that credit card applications had recently hit a pandemic high.</p>\n<p>American Express is also big in the travel, airlines, and lodging businesses, so the more the world continues to recover from the pandemic and COVID-19, the more its business will benefit. Some of those travel-related sectors still aren't fully back yet, especially when you think about international travel.</p>\n<h2>3. U.S. Bancorp</h2>\n<p>Buffett and Berkshire own more than 144 million shares valued at nearly $8.3 billion of the large regional bank <b>U.S. Bancorp </b>(NYSE:USB). The bank is a high-performing commercial bank. It also runs a unique payments business that includes retail credit, debit, prepaid cards, global merchant acquiring, and corporate payment solutions in sectors such as aviation, fleet, transportation, and travel.</p>\n<p>Because the payments business operates in these sectors, the segment could still recover further in 2022 as the world rebounds from COVID-19. Additionally, management is very focused on further integrating the payments and commercial banking businesses because 72% of the bank's business banking customers still don't have a payments product, and half of U.S. Bancorp's payments customers don't have a banking product.</p>\n<p>There's a lot of opportunity for cross-selling. U.S. Bancorp also recently announced its intention to acquire the U.S. banking division of <b>Mitsubishi UFJ Financial Group</b>. This deal will give U.S. Bancorp an additional 190,000 business banking customers and more scale in California, both things that are in line with U.S. Bancorp's current strategy.</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>3 Warren Buffett Stocks I Like Heading Into 2022</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Warren Buffett Stocks I Like Heading Into 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-17 21:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/17/3-warren-buffett-stocks-i-like-heading-into-2022/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett and his company Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) are well known for their stock-picking abilities that have been proven over many decades. For this prowess, along with ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/17/3-warren-buffett-stocks-i-like-heading-into-2022/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4559":"巴菲特持仓","BK4166":"消费信贷","BK4176":"多领域控股","BK4534":"瑞士信贷持仓","BK4550":"红杉资本持仓","BAC":"美国银行","BK4504":"桥水持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4207":"综合性银行","AXP":"美国运通","USB":"美国合众银行","BRK.A":"伯克希尔","BK4553":"喜马拉雅资本持仓","BRK.B":"伯克希尔B"},"source_url":"https://www.fool.com/investing/2021/12/17/3-warren-buffett-stocks-i-like-heading-into-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2192497854","content_text":"Warren Buffett and his company Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) are well known for their stock-picking abilities that have been proven over many decades. For this prowess, along with Berkshire's success in the other businesses the conglomerate operates in, the stock has consistently been a winner.\nBetween 1965 and 2020, Berkshire's stock has generated compounded annual gains of 20%, compared to the S&P 500's compounded annual gain of 10.2%, including dividends, over the same timeframe. It's for this very reason that investors watch Buffett and Berkshire's stock picks so closely. Here are three Buffett stocks I like heading into 2022.\n1. Bank of America\nAmerica's second-largest bank by assets, Bank of America (NYSE:BAC), also happens to be the second-largest position in Buffett and Berkshire's equities portfolio. Buffett first got in on Bank of America coming out of the Great Recession and currently owns more than 1 billion shares worth nearly $45.8 billion. Early in the pandemic in the middle of 2020, Buffett took advantage of the beaten-down bank sector to plow another $2 billion into Bank of America and now owns nearly 12% of the financial institution's outstanding shares.\nShares of Bank of America have climbed more than 47% this year and are up more than double from pandemic lows. While the valuation has gotten high, I like Bank of America because it is well-positioned to deal with higher inflation, higher interest rates, and more difficult market conditions that could be seen next year. Higher interest rates benefit Bank of America tremendously because the yields on many of the loans at the bank will increase along with the rate hikes. The consumer is currently in great shape. Since banking is linked to the overall economy and gross domestic product in the U.S. is expected to grow about 4% next year, I think the bank is going to have a good year.\n2. American Express\nBerkshire owns more than 151 million shares of the credit card company American Express (NYSE:AXP) for a total value of roughly $24.7 billion, making it the third-largest holding in Berkshire's portfolio. American Express has also had a nice year with the stock price up more than 38%.\nThere are two main reasons I like American Express heading into 2022. For one, because the consumer has been so healthy, Americans have been paying off their credit card bills and haven't had as much need to take on debt. As money and benefits from previous stimulus bills run down, that won't always be the case. At the beginning of December, The Wall Street Journal reported that credit card applications had recently hit a pandemic high.\nAmerican Express is also big in the travel, airlines, and lodging businesses, so the more the world continues to recover from the pandemic and COVID-19, the more its business will benefit. Some of those travel-related sectors still aren't fully back yet, especially when you think about international travel.\n3. U.S. Bancorp\nBuffett and Berkshire own more than 144 million shares valued at nearly $8.3 billion of the large regional bank U.S. Bancorp (NYSE:USB). The bank is a high-performing commercial bank. It also runs a unique payments business that includes retail credit, debit, prepaid cards, global merchant acquiring, and corporate payment solutions in sectors such as aviation, fleet, transportation, and travel.\nBecause the payments business operates in these sectors, the segment could still recover further in 2022 as the world rebounds from COVID-19. Additionally, management is very focused on further integrating the payments and commercial banking businesses because 72% of the bank's business banking customers still don't have a payments product, and half of U.S. Bancorp's payments customers don't have a banking product.\nThere's a lot of opportunity for cross-selling. U.S. Bancorp also recently announced its intention to acquire the U.S. banking division of Mitsubishi UFJ Financial Group. This deal will give U.S. Bancorp an additional 190,000 business banking customers and more scale in California, both things that are in line with U.S. Bancorp's current strategy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690167378,"gmtCreate":1639647919063,"gmtModify":1639647919179,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Pretty clear that the writer doesn’t understand what’s happening with Apple in the next few years.","listText":"Pretty clear that the writer doesn’t understand what’s happening with Apple in the next few years.","text":"Pretty clear that the writer doesn’t understand what’s happening with Apple in the next few years.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690167378","repostId":"1131877933","repostType":2,"repost":{"id":"1131877933","pubTimestamp":1639613067,"share":"https://www.laohu8.com/m/news/1131877933?lang=&edition=full","pubTime":"2021-12-16 08:04","market":"us","language":"en","title":"Apple Stock Is Now A Bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=1131877933","media":"seekingalpha","summary":"Summary\n\nApple's stock has reached unprecedented levels without a corresponding increase in the busi","content":"<p>Summary</p>\n<ul>\n <li>Apple's stock has reached unprecedented levels without a corresponding increase in the business.</li>\n <li>In particular, Apple has surged 20% in six weeks after a so-so earnings report in October.</li>\n <li>While it's impossible to tell how far momentum will carry Apple, the value of the stock increasingly relies on highly speculative assumptions such as virtual reality and the Apple car.</li>\n <li>Apple faces challenges in 2022 ranging from antitrust to supply chain to a softening American consumer.</li>\n <li>Apple used to be my biggest holding, and I've never put an outright sell call on the stock, but now is the time.</li>\n</ul>\n<p></p>\n<p></p>\n<p><b>Apple's Stock Has Come Unhinged From Its Business</b></p>\n<p>Many Seeking Alpha readers will consider saying this as the height of blasphemy, but Apple Inc. (AAPL) - the world's most valuable company and symbol of American capitalism - has become the subject of a speculative bubble. Apple's price is now far higher than its business fundamentals justify without resorting to overly optimistic projections of the future. Apple turned in a so-so earnings report in October, after which the stock surged to all-time highs. Additionally, this is only anecdotal, but the local Apple stores here in Texas haven't been quite as busy as I would expect before Christmas.</p>\n<p></p>\n<p>Some observers have linked the surge in Apple to speculators buying short-dated call options in the stock, a behavior more commonly seen in meme stocks like GameStop (GME) and AMC Entertainment (AMC). This would make sense because the recent $500 billion surge in market cap doesn't when based on the reality on the ground. Apple now trades for over 30x earnings, with the analyst consensus earnings estimates expecting a peak this year or slow growth at best.</p>\n<p></p>\n<p><b>Analyst Predictions Are Increasingly Abstract</b></p>\n<p>If the present numbers are so-so, why is Apple stock surging ahead of the profits the company is making? Recent analyst reports seem to love to emphasize the abstract, such as virtual reality, the \"metaverse\", and the prospect of an Apple car.</p>\n<p></p>\n<p>Virtual reality is interesting, but as someone who has played around with the technology (I walked the plank), it was pretty fun, but it didn't change my life. Having a friend own one is as good as owning one yourself-a key contrast with iPhone. Take Meta (FB), the corporation formerly known as Facebook. Meta has sold about 10 million Oculus VR headsets. The sets start at $300, so I figure that at a 30% margin they made about a billion dollars from it. A billion dollars is a lot of money, but it's a lot less than $2.8 trillion (1/2800th to be exact of Apple's market cap). I would expect Apple to make a play in virtual reality, but I would not expect fireworks here from an earnings perspective.</p>\n<p>The metaverse is another curiosity here. Silicon Valley has been crushed by whistleblowers as of late, so what better way to get the attention off of antitrust issues, employment issues, and societal issues than to put your smartest marketing people in a room for a couple of days until they come up with something you can launch a huge PR campaign with? Apple isn't the main driver of social problems coming out of Silicon Valley, but I would not have high expectations for the profit potential of the Metaverse- most of the use cases tossed around seem indistinguishable from using FaceTime.</p>\n<p>There's a huge amount of interest in electric cars right now, so the best way to get some hype into a company (besides putting Bitcoin on your corporate balance sheet) is to generate speculation that you might produce an electric car. Apple has ample R&amp;D resources, but to enter the car business for them makes about as much sense to me as starting an Apple Airline. The car business is notorious for being labor and capital-intensive and for having low margins. Apple could simply license a car, but are manufacturers going to be willing to shell out the royalties Apple wants, and is Apple comfortable dealing with potential brand issues if the car ends up having recalls or safety issues? I don't think the car business is a good fit for Apple's expertise in consumer electronics.</p>\n<p><b>Apple's Challenges For 2022 And Beyond</b></p>\n<p>1. Whether earnings estimates are realistic without continued fiscal stimulus is an issue for the whole US economy, but a particularly thorny one for consumer-facing companies like Apple. Apple had its best year ever in 2021 as consumers were flush with cash from government stimulus. All of these concerns aren't specific to Apple, but they do affect the company.</p>\n<p></p>\n<p>2. The central question for 2022 and beyond is whether Apple's pre-pandemic earnings in the $3 per share range or so are more indicative of long-term demand for Apple products, or whether the $5.67 per share that they earned in 2021 is the new normal. I believe the earnings estimates for the stock market at large are too high for 2022 in the absence of stimulus spending. (i.e., the typical American household made a ballpark of $60,000 post-tax in 2021, but $10,000 of this was directly or indirectly from the stimulus, such as the three rounds of checks, expanded unemployment, the student loan pause, etc.). As it turns out, if you give the typical American family an extra $10,000 to spend that they don't have to work for, statistically, many of these people will upgrade their iPhones. Going forward, consumers will only be able to spend what they actually earn. Apple has positive tailwinds from services revenue, but I don't think they can sustain iPhone sales at anywhere near the level they have achieved in 2021. I'd guess Apple earns somewhere between $4.50 and $5.00 in 2022.</p>\n<p></p>\n<p>3. Apple cited the supply chain as a challenge in their last quarterly earnings conference call. I think the supply chain will be less of an issue in 2022 than it has been in 2021, but because consumer demand is lower in the face of falling inflation-adjusted wages and no more stimulus. This said, chip shortages will not help Apple's cause, and the longer they go on, the more it caps Apple's upside earnings.</p>\n<p></p>\n<p>4. Apple's golden goose is services revenue. Increasingly, however, Apple is running up against antitrust laws. We've seen Apple cut App store fees recently under pressure from regulators, and we've seen Apple and Google (GOOG) get scrutiny for the $15 billion or so that Google will pay Apple this year for the right to be the default search engine. Apple makes more from their deal with Google than they likely ever will from the Metaverse. The risk is that regulators in the US or EU end up pushing back on this and cutting off the flow of money here. This deal is worth about 1/6th of Apple's net income for the year, and even more if iPhone sales slow.</p>\n<p></p>\n<p>5. Apple's earnings per share growth has been driven in large part by buybacks. When Apple traded at a 10-12x PE throughout most of the 2010s, this allowed Apple to get huge returns on shares it bought back. With the PE ratio over 30x now, this strategy is only 1/3rd as effective, and dependent on the business to continue to outperform at levels that are historically very hard to achieve. I'd rather see Apple pay a dividend here.</p>\n<p></p>\n<p>6. Believe it or not, Apple traded at a discount to the S&amp;P 500 PE ratio for much of the 2010s. Now it trades for a large premium. I generally don't make market calls based on sentiment, but I think a PE ratio closer to the S&amp;P 500 at large (20x or so) is more appropriate than a large premium. There's no particular reason the market will enforce this, but that's where I feel is correct based on Apple's underlying business. This would put the stock price around $100, and that's about where I would buy the stock.</p>\n<p></p>\n<p></p>\n<p><b>Conclusion</b></p>\n<p>Since late 2019, Apple stock has been on an epic bull run. Had this run been fully reflected in the long-run success of the business, this wouldn't be too worrisome. But with Apple's valuation increasingly reaching exuberant levels while concerns about the sustainability of its earnings mount, Apple's stock has the dual problem of having earnings estimates that will be hard to live up to and having a high valuation on top of it. Formerly my largest holding, Apple looks like it's in a bubble here after its November gamma squeeze. Apple's business is going to have a very difficult time living up to the sky-high expectations for the stock.</p>","source":"lsy1638401102509","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Is Now A Bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Is Now A Bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 08:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4475237-apple-stock-is-now-a-bubble><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple's stock has reached unprecedented levels without a corresponding increase in the business.\nIn particular, Apple has surged 20% in six weeks after a so-so earnings report in October.\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4475237-apple-stock-is-now-a-bubble\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4475237-apple-stock-is-now-a-bubble","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131877933","content_text":"Summary\n\nApple's stock has reached unprecedented levels without a corresponding increase in the business.\nIn particular, Apple has surged 20% in six weeks after a so-so earnings report in October.\nWhile it's impossible to tell how far momentum will carry Apple, the value of the stock increasingly relies on highly speculative assumptions such as virtual reality and the Apple car.\nApple faces challenges in 2022 ranging from antitrust to supply chain to a softening American consumer.\nApple used to be my biggest holding, and I've never put an outright sell call on the stock, but now is the time.\n\n\n\nApple's Stock Has Come Unhinged From Its Business\nMany Seeking Alpha readers will consider saying this as the height of blasphemy, but Apple Inc. (AAPL) - the world's most valuable company and symbol of American capitalism - has become the subject of a speculative bubble. Apple's price is now far higher than its business fundamentals justify without resorting to overly optimistic projections of the future. Apple turned in a so-so earnings report in October, after which the stock surged to all-time highs. Additionally, this is only anecdotal, but the local Apple stores here in Texas haven't been quite as busy as I would expect before Christmas.\n\nSome observers have linked the surge in Apple to speculators buying short-dated call options in the stock, a behavior more commonly seen in meme stocks like GameStop (GME) and AMC Entertainment (AMC). This would make sense because the recent $500 billion surge in market cap doesn't when based on the reality on the ground. Apple now trades for over 30x earnings, with the analyst consensus earnings estimates expecting a peak this year or slow growth at best.\n\nAnalyst Predictions Are Increasingly Abstract\nIf the present numbers are so-so, why is Apple stock surging ahead of the profits the company is making? Recent analyst reports seem to love to emphasize the abstract, such as virtual reality, the \"metaverse\", and the prospect of an Apple car.\n\nVirtual reality is interesting, but as someone who has played around with the technology (I walked the plank), it was pretty fun, but it didn't change my life. Having a friend own one is as good as owning one yourself-a key contrast with iPhone. Take Meta (FB), the corporation formerly known as Facebook. Meta has sold about 10 million Oculus VR headsets. The sets start at $300, so I figure that at a 30% margin they made about a billion dollars from it. A billion dollars is a lot of money, but it's a lot less than $2.8 trillion (1/2800th to be exact of Apple's market cap). I would expect Apple to make a play in virtual reality, but I would not expect fireworks here from an earnings perspective.\nThe metaverse is another curiosity here. Silicon Valley has been crushed by whistleblowers as of late, so what better way to get the attention off of antitrust issues, employment issues, and societal issues than to put your smartest marketing people in a room for a couple of days until they come up with something you can launch a huge PR campaign with? Apple isn't the main driver of social problems coming out of Silicon Valley, but I would not have high expectations for the profit potential of the Metaverse- most of the use cases tossed around seem indistinguishable from using FaceTime.\nThere's a huge amount of interest in electric cars right now, so the best way to get some hype into a company (besides putting Bitcoin on your corporate balance sheet) is to generate speculation that you might produce an electric car. Apple has ample R&D resources, but to enter the car business for them makes about as much sense to me as starting an Apple Airline. The car business is notorious for being labor and capital-intensive and for having low margins. Apple could simply license a car, but are manufacturers going to be willing to shell out the royalties Apple wants, and is Apple comfortable dealing with potential brand issues if the car ends up having recalls or safety issues? I don't think the car business is a good fit for Apple's expertise in consumer electronics.\nApple's Challenges For 2022 And Beyond\n1. Whether earnings estimates are realistic without continued fiscal stimulus is an issue for the whole US economy, but a particularly thorny one for consumer-facing companies like Apple. Apple had its best year ever in 2021 as consumers were flush with cash from government stimulus. All of these concerns aren't specific to Apple, but they do affect the company.\n\n2. The central question for 2022 and beyond is whether Apple's pre-pandemic earnings in the $3 per share range or so are more indicative of long-term demand for Apple products, or whether the $5.67 per share that they earned in 2021 is the new normal. I believe the earnings estimates for the stock market at large are too high for 2022 in the absence of stimulus spending. (i.e., the typical American household made a ballpark of $60,000 post-tax in 2021, but $10,000 of this was directly or indirectly from the stimulus, such as the three rounds of checks, expanded unemployment, the student loan pause, etc.). As it turns out, if you give the typical American family an extra $10,000 to spend that they don't have to work for, statistically, many of these people will upgrade their iPhones. Going forward, consumers will only be able to spend what they actually earn. Apple has positive tailwinds from services revenue, but I don't think they can sustain iPhone sales at anywhere near the level they have achieved in 2021. I'd guess Apple earns somewhere between $4.50 and $5.00 in 2022.\n\n3. Apple cited the supply chain as a challenge in their last quarterly earnings conference call. I think the supply chain will be less of an issue in 2022 than it has been in 2021, but because consumer demand is lower in the face of falling inflation-adjusted wages and no more stimulus. This said, chip shortages will not help Apple's cause, and the longer they go on, the more it caps Apple's upside earnings.\n\n4. Apple's golden goose is services revenue. Increasingly, however, Apple is running up against antitrust laws. We've seen Apple cut App store fees recently under pressure from regulators, and we've seen Apple and Google (GOOG) get scrutiny for the $15 billion or so that Google will pay Apple this year for the right to be the default search engine. Apple makes more from their deal with Google than they likely ever will from the Metaverse. The risk is that regulators in the US or EU end up pushing back on this and cutting off the flow of money here. This deal is worth about 1/6th of Apple's net income for the year, and even more if iPhone sales slow.\n\n5. Apple's earnings per share growth has been driven in large part by buybacks. When Apple traded at a 10-12x PE throughout most of the 2010s, this allowed Apple to get huge returns on shares it bought back. With the PE ratio over 30x now, this strategy is only 1/3rd as effective, and dependent on the business to continue to outperform at levels that are historically very hard to achieve. I'd rather see Apple pay a dividend here.\n\n6. Believe it or not, Apple traded at a discount to the S&P 500 PE ratio for much of the 2010s. Now it trades for a large premium. I generally don't make market calls based on sentiment, but I think a PE ratio closer to the S&P 500 at large (20x or so) is more appropriate than a large premium. There's no particular reason the market will enforce this, but that's where I feel is correct based on Apple's underlying business. This would put the stock price around $100, and that's about where I would buy the stock.\n\n\nConclusion\nSince late 2019, Apple stock has been on an epic bull run. Had this run been fully reflected in the long-run success of the business, this wouldn't be too worrisome. But with Apple's valuation increasingly reaching exuberant levels while concerns about the sustainability of its earnings mount, Apple's stock has the dual problem of having earnings estimates that will be hard to live up to and having a high valuation on top of it. Formerly my largest holding, Apple looks like it's in a bubble here after its November gamma squeeze. Apple's business is going to have a very difficult time living up to the sky-high expectations for the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690995206,"gmtCreate":1639619545310,"gmtModify":1639619545397,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Probably will. To take profit too!","listText":"Probably will. To take profit too!","text":"Probably will. To take profit too!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690995206","repostId":"1185059175","repostType":4,"repost":{"id":"1185059175","pubTimestamp":1639619247,"share":"https://www.laohu8.com/m/news/1185059175?lang=&edition=full","pubTime":"2021-12-16 09:47","market":"us","language":"en","title":"Will Warren Buffett’s Conglomerate Trim Its AAPL Position?","url":"https://stock-news.laohu8.com/highlight/detail?id=1185059175","media":"TheStreet","summary":"Apple stock now accounts for about 50% of Berkshire Hathaway’s portfolio. Buffett and team could tak","content":"<p>Apple stock now accounts for about 50% of Berkshire Hathaway’s portfolio. Buffett and team could take advantage of the recent rally in AAPL to find more opportunities in the market.</p>\n<p>Ihave&nbsp;recently taken a temporary stance&nbsp;on Apple stock&nbsp;that is not very popular among AAPL investors and enthusiasts: the stock could struggle to keep its rally intact in the immediate term, and locking in some profits now might make sense.</p>\n<p>But would Warren Buffett and his team consider making the same move in Berkshire Hathaway’s&nbsp;portfolio? Today, the Apple Maven looks at the possibility.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1e1b13b8208f33d92fa665500660373b\" tg-width=\"1240\" tg-height=\"850\" width=\"100%\" height=\"auto\"><span>Figure 1: Berkshire Hathaway's CEO and Owner Warren Buffett.</span></p>\n<p><b>Buffett: not big on diversification</b></p>\n<p>The Nebraska-based conglomerate&nbsp;disclosed&nbsp;its Q3-end holdings in mid-November. Now, after Apple stock climbed an impressive 23% since the start of the current quarter alone, AAPL&nbsp;accounts&nbsp;for roughly 50% of Berkshire’s total asset value — assuming no change in ownership.</p>\n<p>To the best of my knowledge, this is the most concentrated that this portfolio has ever been in one single name. Yet, low levels of diversification is consistent with Warren Buffett’s stance on the matter. Here is his famous&nbsp;quote:</p>\n<blockquote>\n \"Diversification is protection against ignorance. It makes little sense if you know what you are doing.\"\n</blockquote>\n<p>For this reason, I would not automatically assume that Berkshire Hathaway will reduce its exposure to AAPL in the near term only because the stock has been up lately — maybe not even for rebalancing purposes. This next quote summarizes Warren Buffett’s approach to trimming winning positions:</p>\n<blockquote>\n \"You would not sell off Michael Jordan just because he has gotten so important to the team.\"\n</blockquote>\n<p><b>But trims at the peak have happened</b></p>\n<p>Warren Buffett is probably the best-known “buy and hold” investor out there. His<i>forte</i>is certainly not to time entries and exits, but to bet on above-average companies at a reasonable price and stay put over a multiyear or multi-decade period.</p>\n<p>Having said this, don’t think that Berkshire would never sell shares in one of its largest positions. Apple itself is an example. In Q4 of last year, the conglomerate sold $7.4 billion worth of Apple stock, effectively reducing the AAPL allocation to 43% from 48% in a matter of six months.</p>\n<p>I explained, earlier this year, that the trim did not mean that Berkshire had become less bullish on AAPL at the turn of the year. Keep in mind that Warren Buffett is generally very diligent about price and value, and Apple stock had climbed nearly 50% in the second half of 2020 alone.</p>\n<p><b>What next?</b></p>\n<p>Following the same rationale above, I believe that Berkshire could unwind a bit of its AAPL position in Q4. Apple stock spent the better part of 2021 trailing the broad market, which helps to explain why Buffett’s company kept the same 887 million shares in the portfolio for the past few quarters.</p>\n<p>However, with the stock well ahead of the Nasdaq in November and December, the Oracle of Omaha may start to look at buying opportunities in the market. Some of Buffett’s favorites, like Verizon&nbsp;and Coca-Cola, have been lagging the S&amp;P 500 by quite a bit in 2021.</p>\n<p>Selling some AAPL to finance these purchases is a reasonable expectation, in my view.</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>Will Warren Buffett’s Conglomerate Trim Its AAPL Position?</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\">\nWill Warren Buffett’s Conglomerate Trim Its AAPL Position?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 09:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/will-warren-buffetts-conglomerate-trim-its-aapl-position><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple stock now accounts for about 50% of Berkshire Hathaway’s portfolio. Buffett and team could take advantage of the recent rally in AAPL to find more opportunities in the market.\nIhave recently ...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/will-warren-buffetts-conglomerate-trim-its-aapl-position\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔","AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/will-warren-buffetts-conglomerate-trim-its-aapl-position","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185059175","content_text":"Apple stock now accounts for about 50% of Berkshire Hathaway’s portfolio. Buffett and team could take advantage of the recent rally in AAPL to find more opportunities in the market.\nIhave recently taken a temporary stance on Apple stock that is not very popular among AAPL investors and enthusiasts: the stock could struggle to keep its rally intact in the immediate term, and locking in some profits now might make sense.\nBut would Warren Buffett and his team consider making the same move in Berkshire Hathaway’s portfolio? Today, the Apple Maven looks at the possibility.\nFigure 1: Berkshire Hathaway's CEO and Owner Warren Buffett.\nBuffett: not big on diversification\nThe Nebraska-based conglomerate disclosed its Q3-end holdings in mid-November. Now, after Apple stock climbed an impressive 23% since the start of the current quarter alone, AAPL accounts for roughly 50% of Berkshire’s total asset value — assuming no change in ownership.\nTo the best of my knowledge, this is the most concentrated that this portfolio has ever been in one single name. Yet, low levels of diversification is consistent with Warren Buffett’s stance on the matter. Here is his famous quote:\n\n \"Diversification is protection against ignorance. It makes little sense if you know what you are doing.\"\n\nFor this reason, I would not automatically assume that Berkshire Hathaway will reduce its exposure to AAPL in the near term only because the stock has been up lately — maybe not even for rebalancing purposes. This next quote summarizes Warren Buffett’s approach to trimming winning positions:\n\n \"You would not sell off Michael Jordan just because he has gotten so important to the team.\"\n\nBut trims at the peak have happened\nWarren Buffett is probably the best-known “buy and hold” investor out there. Hisforteis certainly not to time entries and exits, but to bet on above-average companies at a reasonable price and stay put over a multiyear or multi-decade period.\nHaving said this, don’t think that Berkshire would never sell shares in one of its largest positions. Apple itself is an example. In Q4 of last year, the conglomerate sold $7.4 billion worth of Apple stock, effectively reducing the AAPL allocation to 43% from 48% in a matter of six months.\nI explained, earlier this year, that the trim did not mean that Berkshire had become less bullish on AAPL at the turn of the year. Keep in mind that Warren Buffett is generally very diligent about price and value, and Apple stock had climbed nearly 50% in the second half of 2020 alone.\nWhat next?\nFollowing the same rationale above, I believe that Berkshire could unwind a bit of its AAPL position in Q4. Apple stock spent the better part of 2021 trailing the broad market, which helps to explain why Buffett’s company kept the same 887 million shares in the portfolio for the past few quarters.\nHowever, with the stock well ahead of the Nasdaq in November and December, the Oracle of Omaha may start to look at buying opportunities in the market. Some of Buffett’s favorites, like Verizon and Coca-Cola, have been lagging the S&P 500 by quite a bit in 2021.\nSelling some AAPL to finance these purchases is a reasonable expectation, in my view.","news_type":1},"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690995360,"gmtCreate":1639619521555,"gmtModify":1639619521638,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"This would be interesting!","listText":"This would be interesting!","text":"This would be interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690995360","repostId":"1118764756","repostType":2,"repost":{"id":"1118764756","pubTimestamp":1639611481,"share":"https://www.laohu8.com/m/news/1118764756?lang=&edition=full","pubTime":"2021-12-16 07:38","market":"us","language":"en","title":"NYPD Considers Ordering 250 Tesla Model 3 Sedans for $12.6 Million, Documents Reveal","url":"https://stock-news.laohu8.com/highlight/detail?id=1118764756","media":"Bloomberg","summary":"Agency to discuss purchase contract at city hearing Thursday\nEVs are gaining favor with local and fe","content":"<ul>\n <li>Agency to discuss purchase contract at city hearing Thursday</li>\n <li>EVs are gaining favor with local and federal governments</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bd115c2a5d275e030b34ad6f1e02172\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>Photographer: Angus Mordant/Bloomberg</span></p>\n<p>The New York City Police Department is weighing the purchase of as many as 250 fully electric Model 3 sedans from&nbsp;Tesla Inc., a move that would put the high-performance vehicles into the hands of the nation’s largest police force.</p>\n<p>The agency would pay $51,940 each for the vehicles as part of a citywide push to transition to an all-electric fleet, according to the draft of the procurement contract viewed by Bloomberg News at city offices Wednesday. While the city hasn’t yet committed to the purchases, the contract, to be&nbsp;discussed during a hearing&nbsp;Thursday morning, could be valued at about $12.4 million.</p>\n<p>The NYPD is the largest police department in the U.S., with almost 36,000 uniformed officers and a&nbsp;fleet of 9,000 vehicles.With local and federal governments increasingly electrifying their fleets to meet climate goals, the cars are also expected to have lower maintenance costs and fuel savings compared to models with traditional internal combustion engines.</p>\n<p>A deal between the NYPD and Tesla would underscore the shift in vehicle sales to law enforcement, a market once dominated by&nbsp;Ford Motor Co.The police department in Fremont, California, has a Tesla Model S and a Model Y in its fleet as part of a pilot program.</p>\n<p>The Fremont agency said in a&nbsp;November 2020 report&nbsp;that it was pleased with the Model S performance, which “met or exceeded expectations, often demonstrating superior performance when compared to gas-powered police vehicles.”</p>\n<p>A foothold with police departments would extend Tesla’s growing fleet business. Rental car company&nbsp;Hertz&nbsp;announced plans to buy 100,000 Tesla cars last month, pushing Tesla’s valuation above $1 trillion. Its current market cap is $980 million.</p>","source":"lsy1584095487587","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>NYPD Considers Ordering 250 Tesla Model 3 Sedans for $12.6 Million, Documents Reveal</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\">\nNYPD Considers Ordering 250 Tesla Model 3 Sedans for $12.6 Million, Documents Reveal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 07:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-15/nypd-eyes-order-of-250-teslas-as-city-pushes-to-electrify-fleet?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Agency to discuss purchase contract at city hearing Thursday\nEVs are gaining favor with local and federal governments\n\nPhotographer: Angus Mordant/Bloomberg\nThe New York City Police Department is ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-15/nypd-eyes-order-of-250-teslas-as-city-pushes-to-electrify-fleet?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-15/nypd-eyes-order-of-250-teslas-as-city-pushes-to-electrify-fleet?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118764756","content_text":"Agency to discuss purchase contract at city hearing Thursday\nEVs are gaining favor with local and federal governments\n\nPhotographer: Angus Mordant/Bloomberg\nThe New York City Police Department is weighing the purchase of as many as 250 fully electric Model 3 sedans from Tesla Inc., a move that would put the high-performance vehicles into the hands of the nation’s largest police force.\nThe agency would pay $51,940 each for the vehicles as part of a citywide push to transition to an all-electric fleet, according to the draft of the procurement contract viewed by Bloomberg News at city offices Wednesday. While the city hasn’t yet committed to the purchases, the contract, to be discussed during a hearing Thursday morning, could be valued at about $12.4 million.\nThe NYPD is the largest police department in the U.S., with almost 36,000 uniformed officers and a fleet of 9,000 vehicles.With local and federal governments increasingly electrifying their fleets to meet climate goals, the cars are also expected to have lower maintenance costs and fuel savings compared to models with traditional internal combustion engines.\nA deal between the NYPD and Tesla would underscore the shift in vehicle sales to law enforcement, a market once dominated by Ford Motor Co.The police department in Fremont, California, has a Tesla Model S and a Model Y in its fleet as part of a pilot program.\nThe Fremont agency said in a November 2020 report that it was pleased with the Model S performance, which “met or exceeded expectations, often demonstrating superior performance when compared to gas-powered police vehicles.”\nA foothold with police departments would extend Tesla’s growing fleet business. Rental car company Hertz announced plans to buy 100,000 Tesla cars last month, pushing Tesla’s valuation above $1 trillion. Its current market cap is $980 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607998533,"gmtCreate":1639469189321,"gmtModify":1639469189440,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I’ve never doubted MSFT","listText":"I’ve never doubted MSFT","text":"I’ve never doubted MSFT","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607998533","repostId":"1101780765","repostType":4,"isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604041976,"gmtCreate":1639289035615,"gmtModify":1639289057489,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Still in conviction about this stock.","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Still in conviction about this stock.","text":"$Palantir Technologies Inc.(PLTR)$Still in conviction about this stock.","images":[{"img":"https://static.tigerbbs.com/89ec4f9007850ce7b18c64c3fdb2166c","width":"1284","height":"2778"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/604041976","isVote":1,"tweetType":1,"viewCount":1245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":606030219,"gmtCreate":1638799640081,"gmtModify":1638800048999,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Guys, please don’t just lean on the headlines. If you go and read all the analyst estimates, you will notice that there is a range. Bullish $191 case is a veryvery very high target.I’m Long AAPL, but I just want to say… don’t go inunless you’re clear about what you’re buying.","listText":"Guys, please don’t just lean on the headlines. If you go and read all the analyst estimates, you will notice that there is a range. Bullish $191 case is a veryvery very high target.I’m Long AAPL, but I just want to say… don’t go inunless you’re clear about what you’re buying.","text":"Guys, please don’t just lean on the headlines. If you go and read all the analyst estimates, you will notice that there is a range. Bullish $191 case is a veryvery very high target.I’m Long AAPL, but I just want to say… don’t go inunless you’re clear about what you’re buying.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606030219","repostId":"1107494736","repostType":2,"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608573627,"gmtCreate":1638767155280,"gmtModify":1638767155280,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"He&nbsp;was selling it off to pay taxes, which is why the news about him selling was never a problem. If youbelieve in Tesla, hold.","listText":"He&nbsp;was selling it off to pay taxes, which is why the news about him selling was never a problem. If youbelieve in Tesla, hold.","text":"He was selling it off to pay taxes, which is why the news about him selling was never a problem. If youbelieve in Tesla, hold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608573627","repostId":"1105188334","repostType":2,"repost":{"id":"1105188334","pubTimestamp":1638760294,"share":"https://www.laohu8.com/m/news/1105188334?lang=&edition=full","pubTime":"2021-12-06 11:11","market":"us","language":"en","title":"How Elon Musk sold 10 million Tesla shares and increased his Tesla holdings","url":"https://stock-news.laohu8.com/highlight/detail?id=1105188334","media":"CNN Business","summary":"New York (CNN Business)Tesla CEO Elon Musk sold a massive stake in his company over the past several","content":"<p>New York (CNN Business)Tesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more shares than he did at the start of the selling spree.</p>\n<p>An analysis of his filings shows Musk is not backing away from his holdings in Tesla, despite his promise to follow a poll he sent to his Twitter followers, who called on him to sell 10% of his stake. So far he's sold 10.1 million shares — about 7 million shares short of the goal.</p>\n<p>That's because at the same time he is selling shares, he's also exercising options to buy additional stock. And he's doing so at a bargain exercise price of $6.24 a share, well below 1% of Tesla (TSLA)'s current share price. Since Musk's Twitter poll on November 6, he has exercised options to buy 10.7 million shares of Tesla. To be clear, he would have done so with or without the poll — the options were due to expire by August of 2022 if he didn't exercise them.</p>\n<p>And Tesla is poised to award Musk even more options, pending its upcoming financial results. His stake in the company is the reason Musk is the richest person on the planet.</p>\n<h4>Taxes, not Twitter, main reason for sales</h4>\n<p>Whenever he exercises options, he becomes subject to a large income-tax hit because he received those options as his primary form of compensation.</p>\n<p>He owes about $5 billion in federal income taxes on the new shares he has purchased since November 8. He also will probably owe some amount of state taxes. Musk sold off Tesla stock specifically to cover that tax hit, according to the filings.</p>\n<p>Musk also plans to exercise additional options that are set to expire next year. He still has 12.2 million of those soon-to-expire options that he has not yet exercised.</p>\n<p>If past practice is any indication, he'll sell about 5.3 million of those newly acquired shares to cover his tax bill. But that will still leave him with nearly 7 million more shares than he has today.</p>\n<p>Musk is keeping most of the shares he's acquiring, rather than selling them all, as other executives have been known to do when exercising options, including Robyn Denholm, the chair of Tesla's board.</p>\n<p>Once he's done with these soon-to-expire options, Musk will have 22.9 million fewer options than he had at the start of this process. But he'll still have 50.7 million other options that will allow him to buy that many additional shares, albeit at a higher exercise price than options he is now purchasing. He's not likely to exercise them soon, as virtually none of those options will expire until January of 2028.</p>\n<h4>More options on their way</h4>\n<p>The number of options Musk holds is likely to grow significantly in the coming year.</p>\n<p>Musk's pay package was designed to give him 12 different blocks of options once the company hits certain financial performance and market value targets. With the company now worth $1 trillion, the market value targets are all already accomplished, so it's a matter of revenue and profit targets being hit.</p>\n<p>Tesla has already accounted for three additional blocks of 8.4 million options each going to Musk soon, for a total of 25.3 new options, more than making up for the ones he is in the process of exercising. Company filings state that it is \"probable\" that the needed financial targets will be achieved soon.</p>\n<p>Analysts agree. Musk could qualify for one block of 8.4 million options with the fourth-quarter results, and two more with first quarter 2022 results, according to Wall Street's consensus forecasts. And if analysts' estimates are correct, he could get an additional 8.4 million options in the second or third quarter of 2022, and yet another blog early in 2023.</p>\n<h4>Additional stock sales</h4>\n<p>Musk sold a block of 5.4 million Tesla shares that he had previous held in trust over the course of three days shortly after the completed his Twitter poll.</p>\n<p>Most of the shares sold in those transactions were probably ones he has held since the company's 2010 initial public offering. So almost all of the $5.8 billion he received for those sales were probably judged to be long-term capital gains, taxed at a lower 20% rate, not the higher tax rate he'll pay on the exercise of the options.</p>\n<p>To hit the target of selling 10% of the Tesla shares he owned as of the date of the poll, he might need to sell about 2 million more shares to cover the tax bill for his additional 12 million options.</p>\n<p>But even if he does that, with even more options due to come his way, he's still likely to have a bigger stake in Tesla than when he began this process.</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>How Elon Musk sold 10 million Tesla shares and increased his Tesla holdings</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\">\nHow Elon Musk sold 10 million Tesla shares and increased his Tesla holdings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-06 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/12/05/investing/elon-musk-tesla-stock-sales/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Tesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more shares than he did at the start of the selling spree.\nAn ...</p>\n\n<a href=\"https://edition.cnn.com/2021/12/05/investing/elon-musk-tesla-stock-sales/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://edition.cnn.com/2021/12/05/investing/elon-musk-tesla-stock-sales/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105188334","content_text":"New York (CNN Business)Tesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more shares than he did at the start of the selling spree.\nAn analysis of his filings shows Musk is not backing away from his holdings in Tesla, despite his promise to follow a poll he sent to his Twitter followers, who called on him to sell 10% of his stake. So far he's sold 10.1 million shares — about 7 million shares short of the goal.\nThat's because at the same time he is selling shares, he's also exercising options to buy additional stock. And he's doing so at a bargain exercise price of $6.24 a share, well below 1% of Tesla (TSLA)'s current share price. Since Musk's Twitter poll on November 6, he has exercised options to buy 10.7 million shares of Tesla. To be clear, he would have done so with or without the poll — the options were due to expire by August of 2022 if he didn't exercise them.\nAnd Tesla is poised to award Musk even more options, pending its upcoming financial results. His stake in the company is the reason Musk is the richest person on the planet.\nTaxes, not Twitter, main reason for sales\nWhenever he exercises options, he becomes subject to a large income-tax hit because he received those options as his primary form of compensation.\nHe owes about $5 billion in federal income taxes on the new shares he has purchased since November 8. He also will probably owe some amount of state taxes. Musk sold off Tesla stock specifically to cover that tax hit, according to the filings.\nMusk also plans to exercise additional options that are set to expire next year. He still has 12.2 million of those soon-to-expire options that he has not yet exercised.\nIf past practice is any indication, he'll sell about 5.3 million of those newly acquired shares to cover his tax bill. But that will still leave him with nearly 7 million more shares than he has today.\nMusk is keeping most of the shares he's acquiring, rather than selling them all, as other executives have been known to do when exercising options, including Robyn Denholm, the chair of Tesla's board.\nOnce he's done with these soon-to-expire options, Musk will have 22.9 million fewer options than he had at the start of this process. But he'll still have 50.7 million other options that will allow him to buy that many additional shares, albeit at a higher exercise price than options he is now purchasing. He's not likely to exercise them soon, as virtually none of those options will expire until January of 2028.\nMore options on their way\nThe number of options Musk holds is likely to grow significantly in the coming year.\nMusk's pay package was designed to give him 12 different blocks of options once the company hits certain financial performance and market value targets. With the company now worth $1 trillion, the market value targets are all already accomplished, so it's a matter of revenue and profit targets being hit.\nTesla has already accounted for three additional blocks of 8.4 million options each going to Musk soon, for a total of 25.3 new options, more than making up for the ones he is in the process of exercising. Company filings state that it is \"probable\" that the needed financial targets will be achieved soon.\nAnalysts agree. Musk could qualify for one block of 8.4 million options with the fourth-quarter results, and two more with first quarter 2022 results, according to Wall Street's consensus forecasts. And if analysts' estimates are correct, he could get an additional 8.4 million options in the second or third quarter of 2022, and yet another blog early in 2023.\nAdditional stock sales\nMusk sold a block of 5.4 million Tesla shares that he had previous held in trust over the course of three days shortly after the completed his Twitter poll.\nMost of the shares sold in those transactions were probably ones he has held since the company's 2010 initial public offering. So almost all of the $5.8 billion he received for those sales were probably judged to be long-term capital gains, taxed at a lower 20% rate, not the higher tax rate he'll pay on the exercise of the options.\nTo hit the target of selling 10% of the Tesla shares he owned as of the date of the poll, he might need to sell about 2 million more shares to cover the tax bill for his additional 12 million options.\nBut even if he does that, with even more options due to come his way, he's still likely to have a bigger stake in Tesla than when he began this process.","news_type":1},"isVote":1,"tweetType":1,"viewCount":789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879682848,"gmtCreate":1636717328072,"gmtModify":1636717328197,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Buy the dip then…","listText":"Buy the dip then…","text":"Buy the dip then…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879682848","repostId":"1101762629","repostType":2,"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847298428,"gmtCreate":1636520277532,"gmtModify":1636520277659,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Apes strong together","listText":"Apes strong together","text":"Apes strong together","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847298428","repostId":"1156695981","repostType":2,"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848991114,"gmtCreate":1635951878433,"gmtModify":1635951878532,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>let’s gooooooo","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>let’s gooooooo","text":"$Palantir Technologies Inc.(PLTR)$let’s gooooooo","images":[{"img":"https://static.tigerbbs.com/654b563978058a3424df03d0b655a3c6","width":"1284","height":"2778"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848991114","isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":854729218,"gmtCreate":1635485113885,"gmtModify":1635485113989,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"BUY THE AAPL DIP","listText":"BUY THE AAPL DIP","text":"BUY THE AAPL DIP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/854729218","repostId":"1146294800","repostType":4,"repost":{"id":"1146294800","pubTimestamp":1635472918,"share":"https://www.laohu8.com/m/news/1146294800?lang=&edition=full","pubTime":"2021-10-29 10:01","market":"us","language":"en","title":"Apple and Amazon are struggling, so investors may want to look to these tech stocks instead","url":"https://stock-news.laohu8.com/highlight/detail?id=1146294800","media":"MarketWatch","summary":"As companies focused on getting goods to consumers struggle with supply-chain issues heading into th","content":"<p>As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0123d1db0a69d3c06a49bc51bc84fc1\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"><span>A logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.</span></p>\n<p>Both Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.</p>\n<p>This column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple&nbsp;and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp.&nbsp;— offered a huge holiday forecast just a few days earlier.</p>\n<p>Apple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.</p>\n<p>Apple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.</p>\n<p>Amazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.</p>\n<p>These higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”</p>\n<p>The shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.</p>\n<p>While neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.</p>\n<p>Earlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.</p>\n<p>Microsoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates&nbsp;and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc.&nbsp;beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.</p>\n<p>Investors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple and Amazon are struggling, so investors may want to look to these tech stocks instead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple and Amazon are struggling, so investors may want to look to these tech stocks instead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-29 10:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong\nA logjam of container ships, at top, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page\">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","TEAM":"Atlassian Corporation PLC","NOW":"ServiceNow","AAPL":"苹果","AMZN":"亚马逊"},"source_url":"https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146294800","content_text":"As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong\nA logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.\nBoth Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.\nThis column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp. — offered a huge holiday forecast just a few days earlier.\nApple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.\nApple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.\nAmazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.\nThese higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”\nThe shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.\nWhile neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.\nEarlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.\nMicrosoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc. beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.\nInvestors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.","news_type":1},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854452731,"gmtCreate":1635476151027,"gmtModify":1635476316690,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Yes. This is the moment to go in.","listText":"Yes. This is the moment to go in.","text":"Yes. This is the moment to go in.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854452731","repostId":"2179291720","repostType":4,"repost":{"id":"2179291720","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1635460215,"share":"https://www.laohu8.com/m/news/2179291720?lang=&edition=full","pubTime":"2021-10-29 06:30","market":"us","language":"en","title":"Analyst Says Apple's Supply Chain That Crashed The iPhone Party Is 'Transitory,' Views Sell-Off As 'Golden Buying Opportunity'","url":"https://stock-news.laohu8.com/highlight/detail?id=2179291720","media":"Benzinga","summary":"Apple, Inc. (NASDAQ: AAPL) reported mixed fourth-quarter earnings, sending shares lower in after-hours trading.","content":"<p><b>Apple, Inc. </b>(NASDAQ:AAPL) reported mixed fourth-quarter earnings, sending&nbsp;shares lower in after-hours trading.</p>\n<p><b>The Apple Analyst: </b> Wedbush analyst Daniel Ives maintained an Outperform rating and $185 price target.</p>\n<p><b>The Apple Thesis: </b> Apple's fourth-quarter revenues of $83.4 billion&nbsp;missed the consensus estimate, with iPhone revenues of $38.9 billion trailing the consensus estimate of $41.3 billion.</p>\n<p>With the \"supply chain black cloud\" impacting every sector, Ives said Apple's results showed the company isn't&nbsp;immune either. Supply chain constraint negatively impacted revenues, mainly that of iPhones, by about $6 billion, he added.</p>\n<p>Every other product category, including the key Services segment, came in ahead of Wedbush's expectations.</p>\n<p>\"Ultimately it was supply chain that crashed the iPhone 13 party this quarter and will be an overhang into the December quarter,\" Ives wrote in the note.</p>\n<p>The analyst, however, said he views this as transitory and it will in no way impact his long-term bullish view of Apple heading to a $3 trillion market cap in 2022.</p>\n<p>Overall demand has been robust globally, the analyst said. Apple will be running into a major iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace, he added. This is purely a supply chain issue and not a demand issue for iPhones.</p>\n<p>Wedbush views any sell-off as a golden buying opportunity, given its robust view of Apple's demand story into 2022.</p>\n<p><b>AAPL Price Action: </b> In after-hours trading, Apple shares fell 3.53% to $147.19.</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>Analyst Says Apple's Supply Chain That Crashed The iPhone Party Is 'Transitory,' Views Sell-Off As 'Golden Buying Opportunity'</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\">\nAnalyst Says Apple's Supply Chain That Crashed The iPhone Party Is 'Transitory,' Views Sell-Off As 'Golden Buying Opportunity'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-10-29 06:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Apple, Inc. </b>(NASDAQ:AAPL) reported mixed fourth-quarter earnings, sending&nbsp;shares lower in after-hours trading.</p>\n<p><b>The Apple Analyst: </b> Wedbush analyst Daniel Ives maintained an Outperform rating and $185 price target.</p>\n<p><b>The Apple Thesis: </b> Apple's fourth-quarter revenues of $83.4 billion&nbsp;missed the consensus estimate, with iPhone revenues of $38.9 billion trailing the consensus estimate of $41.3 billion.</p>\n<p>With the \"supply chain black cloud\" impacting every sector, Ives said Apple's results showed the company isn't&nbsp;immune either. Supply chain constraint negatively impacted revenues, mainly that of iPhones, by about $6 billion, he added.</p>\n<p>Every other product category, including the key Services segment, came in ahead of Wedbush's expectations.</p>\n<p>\"Ultimately it was supply chain that crashed the iPhone 13 party this quarter and will be an overhang into the December quarter,\" Ives wrote in the note.</p>\n<p>The analyst, however, said he views this as transitory and it will in no way impact his long-term bullish view of Apple heading to a $3 trillion market cap in 2022.</p>\n<p>Overall demand has been robust globally, the analyst said. Apple will be running into a major iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace, he added. This is purely a supply chain issue and not a demand issue for iPhones.</p>\n<p>Wedbush views any sell-off as a golden buying opportunity, given its robust view of Apple's demand story into 2022.</p>\n<p><b>AAPL Price Action: </b> In after-hours trading, Apple shares fell 3.53% to $147.19.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179291720","content_text":"Apple, Inc. (NASDAQ:AAPL) reported mixed fourth-quarter earnings, sending shares lower in after-hours trading.\nThe Apple Analyst:  Wedbush analyst Daniel Ives maintained an Outperform rating and $185 price target.\nThe Apple Thesis:  Apple's fourth-quarter revenues of $83.4 billion missed the consensus estimate, with iPhone revenues of $38.9 billion trailing the consensus estimate of $41.3 billion.\nWith the \"supply chain black cloud\" impacting every sector, Ives said Apple's results showed the company isn't immune either. Supply chain constraint negatively impacted revenues, mainly that of iPhones, by about $6 billion, he added.\nEvery other product category, including the key Services segment, came in ahead of Wedbush's expectations.\n\"Ultimately it was supply chain that crashed the iPhone 13 party this quarter and will be an overhang into the December quarter,\" Ives wrote in the note.\nThe analyst, however, said he views this as transitory and it will in no way impact his long-term bullish view of Apple heading to a $3 trillion market cap in 2022.\nOverall demand has been robust globally, the analyst said. Apple will be running into a major iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace, he added. This is purely a supply chain issue and not a demand issue for iPhones.\nWedbush views any sell-off as a golden buying opportunity, given its robust view of Apple's demand story into 2022.\nAAPL Price Action:  In after-hours trading, Apple shares fell 3.53% to $147.19.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854311647,"gmtCreate":1635419218920,"gmtModify":1635419219074,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Woot woot","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Woot woot","text":"$Palantir Technologies Inc.(PLTR)$Woot woot","images":[{"img":"https://static.tigerbbs.com/5aa05f0419a9ca87a2876eded8ee7d68","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854311647","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"hots":[{"id":604041976,"gmtCreate":1639289035615,"gmtModify":1639289057489,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Still in conviction about this stock.","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Still in conviction about this stock.","text":"$Palantir Technologies Inc.(PLTR)$Still in conviction about this stock.","images":[{"img":"https://static.tigerbbs.com/89ec4f9007850ce7b18c64c3fdb2166c","width":"1284","height":"2778"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/604041976","isVote":1,"tweetType":1,"viewCount":1245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":693365034,"gmtCreate":1639973125148,"gmtModify":1639973125238,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I think $11bn is a large amount of tax for anyone topay. We have to be fair to him too…","listText":"I think $11bn is a large amount of tax for anyone topay. We have to be fair to him too…","text":"I think $11bn is a large amount of tax for anyone topay. We have to be fair to him too…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/693365034","repostId":"2192076079","repostType":2,"repost":{"id":"2192076079","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":1639970738,"share":"https://www.laohu8.com/m/news/2192076079?lang=&edition=full","pubTime":"2021-12-20 11:25","market":"us","language":"en","title":"Tesla's Musk says he will pay over $11 bln in taxes this year","url":"https://stock-news.laohu8.com/highlight/detail?id=2192076079","media":"Reuters","summary":"Dec 19 (Reuters) - Electric-car maker Tesla Inc's Chief Executive Officer Elon Musk said on Sunday o","content":"<p>Dec 19 (Reuters) - Electric-car maker Tesla Inc's&nbsp;Chief Executive Officer Elon Musk said on Sunday on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> that he will pay more than $11 billion in taxes this year.</p>\n<p>Earlier this week, Democratic U.S. Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop \"freeloading off everyone else\" after Time magazine named him its \"person of the year\". </p>\n<p>Musk responded by saying that he \"will pay more taxes than any American in history this year\".</p>\n<p>Musk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.</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>Tesla's Musk says he will pay over $11 bln in taxes this year</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\">\nTesla's Musk says he will pay over $11 bln in taxes this year\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\">2021-12-20 11:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Dec 19 (Reuters) - Electric-car maker Tesla Inc's&nbsp;Chief Executive Officer Elon Musk said on Sunday on <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> that he will pay more than $11 billion in taxes this year.</p>\n<p>Earlier this week, Democratic U.S. Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop \"freeloading off everyone else\" after Time magazine named him its \"person of the year\". </p>\n<p>Musk responded by saying that he \"will pay more taxes than any American in history this year\".</p>\n<p>Musk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","TSLA":"特斯拉","BK4534":"瑞士信贷持仓","BK4527":"明星科技股","BK4555":"新能源车","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2192076079","content_text":"Dec 19 (Reuters) - Electric-car maker Tesla Inc's Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this year.\nEarlier this week, Democratic U.S. Senator Elizabeth Warren took to Twitter to say that Musk should pay taxes and stop \"freeloading off everyone else\" after Time magazine named him its \"person of the year\". \nMusk responded by saying that he \"will pay more taxes than any American in history this year\".\nMusk is the world's richest person and his company Tesla is worth about $1 trillion. Over the last few weeks, Musk has sold nearly $14 billion worth of Tesla shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699652205,"gmtCreate":1639795745960,"gmtModify":1639795746066,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"It’s kind of always the same few stocks, but they work","listText":"It’s kind of always the same few stocks, but they work","text":"It’s kind of always the same few stocks, but they work","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699652205","repostId":"2192497854","repostType":4,"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607998533,"gmtCreate":1639469189321,"gmtModify":1639469189440,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"I’ve never doubted MSFT","listText":"I’ve never doubted MSFT","text":"I’ve never doubted MSFT","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/607998533","repostId":"1101780765","repostType":4,"repost":{"id":"1101780765","pubTimestamp":1639467407,"share":"https://www.laohu8.com/m/news/1101780765?lang=&edition=full","pubTime":"2021-12-14 15:36","market":"us","language":"en","title":"Why Microsoft Stock Is The Ultimate Buy And Hold","url":"https://stock-news.laohu8.com/highlight/detail?id=1101780765","media":"Seeking Alpha","summary":"Summary\n\nMicrosoft offers various products over three different divisions, many of which exhibit inc","content":"<p><b>Summary</b></p>\n<ul>\n <li>Microsoft offers various products over three different divisions, many of which exhibit incredibly strong moats and subsequently dominate their respective markets.</li>\n <li>Microsoft enjoys incredibly strong operating efficiencies and is able to monetize its products at a level far above its peers.</li>\n <li>Microsoft has an incredibly strong capital position, with top bond ratings from Moody’s and Standard &amp; Poor’s.</li>\n <li>Microsoft maintains low risk, outperformed during the recent COVID crash, and has consequently outperformed the broader market by a wide margin over the last two years.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd13176456827fe134fc15a4ce7b3d61\" tg-width=\"1536\" tg-height=\"864\" width=\"100%\" height=\"auto\"><span>HJBC/iStock Editorial via Getty Images</span></p>\n<p>In an era where tech stocks have dominated the public markets, Microsoft's (MSFT) success has been nothing short of extraordinary. The two and a half trillion dollar company falls second only to Apple (AAPL) in outright value. Yet, for as long as there are successful companies, there will be doubters warning of certain demise. The constant cries, \"It's here! Get out while you can!\" ring out until, eventually, the nihilistic army is right. The tech giants are often a focus of much of the skeptics' ire, as it can be pretty hard to justify that a company, such as Microsoft, can truly be worth more than 96.4% of countries in the world&nbsp;by GDP. This article will offer a logical breakdown of how Microsoft has earned its valuation and why there may even still be some room to go.</p>\n<p><b>Corporate Summary</b></p>\n<p>Microsoft, founded in 1975, was created to provide operating solutions for some of the world's first commercial microcomputers and, specifically, for the Altair 8800. Currently, Microsoft has its software operating&nbsp;74.27%&nbsp;of all laptops and desktop computers in the world. Unquestionably, this is far beyond any ambitions that Bill Gates and Paul Allen held when the company was first created. A portmanteau of microcomputer software, Microsoft is still heavily grounded in its roots in software engineering, though it's now grown to become so much more.</p>\n<p>Microsoft breaks its operations down into three segments, Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. All three of these segments rely on Microsoft's industry-leading software, though all three also contain far more. Within&nbsp;Productivity and Business Processes, Microsoft operates its Office 365 suite of products, which include Word, PowerPoint, Excel, etc., and is geared towards both commercial and consumer markets. Microsoft also includes LinkedIn, the popular networking social media site, and Dynamics 365, a customer relationship management (\"CRM\") service, in this division.</p>\n<p>This sector contains the products with perhaps the widest competitive moats of any in the company's arsenal. Sure, LinkedIn doesn't exactly have as many users as Facebook (FB) or Twitter (TWTR), but it exists in a completely different space. There's no other online platform in which people can congregate in a professional setting. The niche in which LinkedIn occupies allows it to be the default service for its specific application, and is still only&nbsp;86 million active users&nbsp;behind&nbsp;Twitter's 396 million active users&nbsp;even though the latter's platform is far more open-ended.</p>\n<p>Office 365 offers some of the most iconic computer programs in the world. Especially in the business field, the Office 365 suite is<i>the</i>standard for spreadsheets, presentations, and word documents. Google(NASDAQ:GOOG)(NASDAQ:GOOGL)Cloud, formerly the G Suite, has made significant headroom in recent years but, when it comes to paid users,Office still dominates. While Google had about six million paying users last year, Microsoft had about 258 million. Dynamics 365 is the clear outlier here, as it's not exactly at the top of its field. No, that title belongs to Salesforce (CRM), which controls 19.5% of&nbsp;the CRM market. Dynamics 365 has a far more modest 4%, just .8% behind second-place SAP (SAP).</p>\n<p>Microsoft's Intelligent Cloud division&nbsp;has been its fastest-growing sector over the last few years, led by its cloud computing service, Azure. Azure's revenue grew by 50% over last year, and is grouped into the subcategory of 'server products and cloud services.' Server product revenue grew by just 6%, while enterprise services revenue grew by 8% since last year. Thus, the Intelligent Cloud division's 24% growth in revenue is driven almost entirely from Azure, which looks poised to continue its rapid expansion.</p>\n<p>Most of this growth comes naturally, as the cloud computing market experiences some fairly intense growth. Currently valued at $445.3 billion, the market&nbsp;is expected&nbsp;to grow at a CAGR of 16.3% through 2026, reaching a value of $947.3 billion by 2026. Though Amazon Web Services (\"AWS\") (AMZN) continues to lead the sector, Azure is starting to draw nearer. In 2019,AWS held 44.6%&nbsp;of the cloud computing market. As of the first quarter of this year,it held 32%. This is still 12% ahead of second-place Azure, which itself is 11% ahead of the next closest competitor. The cloud computing market seems to be mostly a two-horse race, with Microsoft fighting to claw back Amazon's early lead. Perhaps&nbsp;the recent AWS outage&nbsp;could help Microsoft gain further momentum in this fight.</p>\n<p>More Personal Computing&nbsp;is the division where the vast majority of Microsoft's direct relationship with consumers is built. Of course, the products themselves are important in the sense that they generate sales for the company, but this is also where Microsoft grows its brand. Azure is an incredibly important component of Microsoft's future, but when people boot up their computer to watch Netflix (NFLX), they're not exactly thinking about AWS.</p>\n<p>Within this division, Microsoft breaks down its operations into four subcategories. Windows is the descendant of that first system developed for the Altair 8800 and is the largest component of Microsoft's Personal Computing division&nbsp;by sales. As far as the public's perception of Microsoft is concerned, the Windows operating system (\"OS\") is perhaps the most important component of Microsoft's business. Gaming is another strong component of Microsoft's Personal Computing division. Strong growth for the sector was driven by&nbsp;the rather successful launch&nbsp;of new gaming hardware in the Xbox Series X|S. The other two categories within this sector are search advertising, primarily from search engine Bing and web browser Microsoft Edge, and Surface devices.</p>\n<p>Windows OS dominates&nbsp;the global computing market, as the operating system for 87.56% of laptops and desktops in the world. Apple's (AAPL) Mac OS comes up second, with 9.54% of the global market share. When it comes to moats and absolute market domination, you'd be hard-pressed to find a better example than Windows. Gaming is a bit of a different story.</p>\n<p>Sony's (SONY) PlayStation 5 (\"PS5\") is the direct competitor to Microsoft's Xbox. While the Nintendo (OTCPK:NTDOY) Switch is another popular gaming console, it doesn't really compete against Xbox or PlayStation. The Switch offers a unique experience, exemplified by the fact that&nbsp;71% of Switch owners also own another console. Despite the launch of new generation Xbox consoles being the \"most successful in [Microsoft's] history,\"PS5 sales have yet again toppled Xbox sales, outselling Microsoft by 67.5%. Though, even as the runner up, as a leader in a rapidly growing gaming industry, there's plenty for Microsoft to look forward to.</p>\n<p>The Surface lineup is still fairly young, though it seems to have settled into a&nbsp;3% market share. While the company continues to try to improve the lineup with more diverse offerings and improved hardware, the Surface lineup likely won't become a major component of Microsoft's business in the near future. Bing and Microsoft Edge are clear losers to Google Chrome and Google. Unlike the gaming industry, there isn't really much to be had as one of the leaders. Google Chrome dominates&nbsp;the web browser field, with 65.27% of all internet traffic. Microsoft Edge has just 3.4%, in third place behind Safari's 18.34%. Google dominates&nbsp;the search engine field&nbsp;even more, with 92.6% of all traffic. Bing is second, with just 2.3%. Really, Microsoft is just left picking up the scraps of Google and these two services aren't really some of Microsoft's finest.</p>\n<p><b>Financials Analysis</b></p>\n<p>It is important to note Microsoft's financial reporting schedule here. Microsoft's fiscal year ends June 30th, meaning that the discussion of 'past year' financials will refer to the period starting July 1st, 2020 to June 30th, 2021, otherwise known as&nbsp;FY2021, unless specifically noted. Examining the company's segment information provides the most intimate understanding of Microsoft's operations. This breakdown demonstrates that server products and cloud services is Microsoft's largest subsector, by revenue, followed by Office products and Windows.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b11977a676b14d557dd3f28130d8cc6a\" tg-width=\"1132\" tg-height=\"274\" width=\"100%\" height=\"auto\"><span>Source: Microsoft</span></p>\n<p>LinkedIn is another valuable component to the Microsoft story. Because of its professional focus, it is far more monetizable than most social media platforms. Let's go back to the earlier comparison with Twitter to highlight this. Despite having 22% less active users than Twitter, LinkedIn generates 177% more revenue (Twitter's&nbsp;$3.716 billion&nbsp;versus LinkedIn's $10.289 billion). Another way to view this, is that Twitter makes about $9.38 per user while LinkedIn makes $33.19 per user. This is a staggering difference, though I suppose it's fitting that the social media site centered around business is the best at conducting it.</p>\n<p>LinkedIn isn't the only operation where Microsoft seems to have mastered the art of monetization. Microsoft's Office suite brought in about $39.872 billion over FY2021. While Microsoft doesn't disclose the product's operating margin, Productivity and Business Processes operates at a 45.17% margin and Office represents 73.95% of the division's sales, so it's safe to assume that it's around there. Google's G suite brought in $13.059 billion in&nbsp;sales during FY2020, though operated at an overall loss of $5.607 billion.</p>\n<p>Microsoft's recent growth has been rather impressive. The company took revenue from $143.051 billion in 2020 up to $168.088 billion in 2021, or +17.5%, while the cost of revenue only increased 13.36% in the same period. Net Income rose from $44.281 billion in 2019 to $61.271 billion in 2020, or 38.37%, far outpacing the rate of growth of revenues. This healthy growth, seeing revenue outpace expenses, means that Microsoft is not only increasing its sales but also its operating efficiency. The graph below demonstrates Microsoft's strong operating margin growth, especially since 2015, and operating margin now the highest it's been in those ten years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af52c96587103f7ac9b6cb9f8f820c2a\" tg-width=\"480\" tg-height=\"289\" width=\"100%\" height=\"auto\"><span>Source: Author's Calculations Using Data from Bloomberg Terminal</span></p>\n<p>Microsoft has also experienced a period of fairly strong liquidity, as seen by the figure below. Inventories are fairly low for the company, representing only $2.636 billion of Microsoft's $1084.406 billion in current assets, as its Surface laptops and Xbox gaming consoles are really the only physical products that Microsoft sells. This helps keep the company's quick ratio high, which hasn't dipped below 1.9 in the past ten years. Thus, despite holding $191.791 billion in total liabilities, Microsoft is highly capable of fulfilling any debt obligations.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ed3a59c6bf53d0d99d7abbe13e66c009\" tg-width=\"481\" tg-height=\"289\" width=\"100%\" height=\"auto\"><span>Source: Author's Calculations Using Data from Bloomberg Terminal</span></p>\n<p>Speaking of its ability to fulfill its debt obligations,Microsoft currently holds&nbsp;a AAA rating from Standard &amp; Poor's and an Aaa rating from Moody's. Both of these are the top of the respective firms' grading scale and reflect the company's incredible debt management. Beginning with Microsoft's ability to make good on its interest payments, the company's current interest coverage ratio of 29.8 is the highest it's been since 2014. With the company's operations able to generate enough money to cover interest payments almost 30 times over, there is incredibly little risk of Microsoft defaulting on interest payments. What's really rather astounding, is the company's market debt ratio. Debt makes up just 4% of the company's total market value, meaning Microsoft could easily cover all liabilities by raising new equity without significant dilution to shareholders. Though, as the company's financial health continues to simply improve, the only criticism here is that perhaps Microsoft could take on some more leverage to increase its return to shareholders. Though, it's not as if the company is really in a position where it needs to raise capital.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9ec9d1087f0b8b7f2aa308ae9b718dba\" tg-width=\"832\" tg-height=\"295\" width=\"100%\" height=\"auto\"><span>Source: Author's Calculations Using Data from Bloomberg Terminal</span></p>\n<p>Looking towards Microsoft's retained earnings, the company bought back $21.879 billion worth of shares last year. The company also paid out $16.871 billion in its quarterly dividend of $.56 per share. Even still, Microsoft saw its retained earnings increase from $34.566 billion in FY2020 to $57.055 billion this past year on account of its $61.271 billion in net income. In response, the Board&nbsp;has approved&nbsp;a $60 billion share buyback program and increased its quarterly dividend payout by 11%. While debt might be able to increase shareholder rewards even more, it isn't something that is necessarily advisable.</p>\n<p>In Microsoft's cash flows, investing activities contributed to a $27.577 billion loss, a $125.62% increase over last year. This primarily came from larger investments in property and equipment, as well as the acquisition of companies, net of cash acquired, and purchase of intangible assets. This use of capital is good to see, as Microsoft has plenty of it to spend and, while buybacks and dividends are nice, growing the business is always the top priority.</p>\n<p><b>Thesis Risks</b></p>\n<p>When examining the greatest macro threats to Microsoft's operations, antitrust suits are always a potential danger. Back in 2001, Microsoft had to settle&nbsp;a suit&nbsp;with the Department of Justice (\"DOJ\") after it was sued for allegedly violating the Sherman Antitrust Act with its acquisition and integration of Internet Explorer into Windows. While the initial verdict would have seen Microsoft split its business into two separate units, Windows and other software components, the settlement ended up being&nbsp;largely inconsequential.</p>\n<p>Yet, after&nbsp;Google,Facebook, and&nbsp;Amazon&nbsp;all faced new antitrust cases in 2021, and Apple&nbsp;lost some control over the App Store&nbsp;over monopolistic practices and&nbsp;reportedly&nbsp;has an antitrust suit from the DOJ looming, Microsoft remains untouched. The reason for this may be rather simple. While the company didn't exactly go through a period of extreme reformation after its high-profile antitrust case some 20 years ago, it hasn't gotten any more abusive. Perhaps they even learned from it, as Brad Smith, President of Microsoft,said&nbsp;\"When I look back at it from Microsoft's perspective, it did mean many things, but I also think when I try to prioritize it in my own mind, it meant one thing more than any other: It was a part of the maturing of Microsoft.\" Perhaps this maturity has allowed Microsoft to play nice from then on, succeeding and succeeding fairly.</p>\n<p>Size alone is not cause for an antitrust suit, as people aren't exactly clamoring to bring down Walmart (WMT). For antitrust suits to be launched, competitors must be disgruntled. Microsoft hasn't really had any,except Slack, which means that there isn't really anything to launch an antitrust case on. The case with Slack is reminiscent of the 2001 case, as they argue against the integration of Microsoft Teams in Windows OS as an unfair advantage.</p>\n<p>Regardless, it doesn't seem that Microsoft carries the same ire as its tech peers. John Lopatka, an antitrust expert and professor at Penn State,said&nbsp;of the matter \"Microsoft simply may be maintaining its market share by being a good competitor.\" Herbert Hovenkamp, a professor at the University of the Pennsylvania Law School and antitrust expert, added to this idea, saying \"You have got to identify some product where there is both dominance and an exclusionary practice and it's kind of hard to find one [with Microsoft]. That's, I think, the bottom line.\" With this in mind, I'm not sure that investors have too much to worry on the legal front.</p>\n<p>Other risks that Microsoft faces include increasing competitive threats and lackluster returns from new investments. One example of such a failure may be the Surface lineup. While it may be a bit harsh to call the product a failure, the device has been a source of&nbsp;disappointmentsince its release in 2013. Though the company can't grow without taking some risks and Azure represents a highly successful implementation of a newer sector.</p>\n<p>Beyond the greater macro threats to Microsoft's valuation, it is also important to consider the general market riskiness of Microsoft's stock. With a beta of .98 for the past 52 weeks,according to FactSet, Microsoft trades incredibly closely to the broader market and does not exhibit abnormally high volatility. For risk-averse traders, this is a rather comforting sign. Even during the COVID pandemic, shares of Microsoft slipped by only around 25%, again demonstrating the ability for the company to mitigate periods of extreme volatility. Such outperformance during otherwise bleak periods is part of what makes Microsoft&nbsp;a favorite among hedge funds.</p>\n<p>Microsoft's beta of .98 also makes the current cost of raising funds via equity 5.8%, again using data from FactSet. The cost of financing via debt is just 1.63%, though only 2.05% of Microsoft's capital is raised from debt. Keeping in mind the earlier discussion regarding the company's debt management, it does seem a bit strange that the company doesn't utilize debt a bit more given how strong its cash position is. Though, 5.8% still isn't terribly extreme.</p>\n<p><b>Valuation Discussion</b></p>\n<p>When looking at how to value the company, with its hands in so many different pockets, examining a relative P/S ratio is a good place to start. Because Microsoft doesn't disclose the income of its various products, price to sales is the only way to provide an accurate comparison of Microsoft and its peers. To create a fair benchmark, Microsoft first must be broken down into its revenue by sector, or product. The figure below does exactly that.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cab8a591c6c50358e5dc010e6bfdad74\" tg-width=\"465\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Author's Creation Using Data From Microsoft</span></p>\n<p>Going by category, the current P/S ratio of the computer processing and cloud services industry&nbsp;is currently 5.11. Office products and cloud services doesn't exactly have a distinct industry to be lumped into, as it dominates its own sector, so I combined it with Windows in the software and programming industry, which currently has a P/S ratio&nbsp;of 10.82. Gaming doesn't seem to have a publicly-available P/S ratio, so I used&nbsp;this list&nbsp;of the top 25 gaming companies by revenue to find it myself, discounting companies that don't conduct the vast majority of their business in gaming. I found the average P/S ratio to be 4.41.</p>\n<p>The internet services and social media industry currently has&nbsp;a P/S ratio of 8.37, which I also included Search Advertising in for a similar reason to office products and cloud services - Google dominates the market. Professional services companies currently trade at&nbsp;a P/S of 4.99, which I ascribed to enterprise services. I categorized devices as consumer electronics, which currently trades ata&nbsp; P/S of 5.29. For other, I simply used the P/S of the average S&amp;P 500 company,which is 3.12. Microsoft's P/S ratio, for the trailing twelve months,is 14.3. Compared to the sector weighted average P/S ratio of 7.5, Microsoft appears to be a bit overvalued.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/738ac5e9cda36a37c60861ae77d8ede4\" tg-width=\"696\" tg-height=\"334\" width=\"100%\" height=\"auto\"><span>Source: Author's Creation Using Above Information</span></p>\n<p>Even before calculating the weighted average P/S, it's pretty clear that Microsoft's is going to be higher. After all, not a single sector has a higher average P/S than Microsoft. Though, revenue doesn't really tell the full story of the company. P/S fails to take into account operating efficiencies, which is one of Microsoft's greatest strengths.</p>\n<p>This idea of Microsoft's superior monetization strategies was discussed earlier, as was the company's steadily increasing operating margin. The company's strong performance on these two key metrics means that it is more effective with its sales than its peers, thus justifying a higher P/S ratio. As such, I look at this high P/S more as a testament to the company's incredible operating efficiencies, rather than the company, perhaps, being overvalued.</p>\n<p>As Microsoft continues to extend its operating efficiencies, especially as lower-margin products like the Surface lineup represent a smaller portion of the company's overall sales due to growth in other areas, its lead over peers will only grow. Gaming is a prime example of this. In the new digital era, subscriptions have emerged as the superior form of monetization, hence Microsoft released the Xbox game pass in 2017. Currently,it is rumored&nbsp;that Microsoft now has between 25 million and 30 million game pass subscribers, up from&nbsp;18 million as of January. Examples such as this demonstrate the firm's ability to continue to improve its efficiencies, even as it outperforms peers.</p>\n<p>The other component to consider, when looking at price multiples, is that a high multiple also may simply indicate that the market is expecting high growth. With Microsoft, this is undoubtedly the case. With a consensus&nbsp;long term growth rate of 16.1%&nbsp;among the 38 analysts that cover Microsoft, the expectations have been set.</p>\n<p>Finally, while I do still believe it's a bit inappropriate to simply categorize Microsoft as a software company, it is still the most accurate single label for the tech giant. The software &amp; programming industry has an average&nbsp;P/E ratio of 40.9, which is above&nbsp;Microsoft's P/E ratio&nbsp;of 37.2 for the trailing twelve months. Interestingly, most of&nbsp;the top firms&nbsp;in the sector have a higher P/E than overall the sector average. This seems to indicate that the market views the software industry as an area of significant growth and, given Microsoft's beta of .98, it makes sense that Microsoft is viewed similarly to the rest of the sector. Though, bringing back the discussion of efficiency, remember that the software and programming industry has a P/S ratio of 10.82, below Microsoft's P/S of 14.3. Yet, Microsoft has a lower P/E than the rest of the sector due to its significantly greater efficiency.</p>\n<p>Factoring in Microsoft's growth, the company also maintains a lower PEG than the rest of the sector.According to FactSet, the company has a PEG of 2.1. Compared to the average of 2.56 for its peers, it again seems that Microsoft may actually be a bit undervalued relative to its peers. PEG takes the P/E ratio and divides it by its expected earnings growth rate, allowing growth to be clearly included in this common valuation metric. Because Microsoft also has a lower PEG than its industry peers, it stands to reason that the company's lower P/E isn't simply a result of lower growth expectations.</p>\n<p>As seen below, Microsoft's return on equity (\"ROE\") is above the vast majority of its peers, with Citrix (CTXS) included as an outlier. Because ROE is a measure of net income divided by shareholder's equity, it is effectively a measure of asset efficiency, or how much profit a company's assets are able to produce. The most important thing is that ROE surpasses the cost of raising capital which, even if done completely through equity, is more than accomplished. Microsoft's peers tend to outperform the general market in ROE, indicating a greater sector efficiency overall, though Microsoft clearly takes this efficiency beyond what is typical even for this highly-efficient sector, backing up the above theorizing regarding discrepancies between P/S and P/E. So, with a higher efficiency than the vast majority of its peers by a significant margin and an incredibly healthy capital system, there the only logical conclusion to draw from the company's relatively low P/E and PEG seems to be that it is undervalued.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2599f36cbc08b34eb02261dfb9367a5c\" tg-width=\"626\" tg-height=\"392\" width=\"100%\" height=\"auto\"><span>Source: Author's Calculations Using Data from Bloomberg Terminal</span></p>\n<p><b>Investor Takeaway</b></p>\n<p>It feels a bit strange to say that a company valued as highly as Microsoft is still undervalued, yet that seems to be the reality. Just a few years ago, the idea of a multi-trillion dollar company seemed even a bit fanciful. Yet, here lies Microsoft. A testament to the power of efficiency and responsible growth, Microsoft has earned this value by learning from past mistakes and consistently adapting to new market demands. Though, perhaps it's the company's tremendous size that makes some balk at purchasing the company, thus creating the mispricing. After all, the market will always be an emotional one.</p>\n<p>As this disclosure below notes, I'm long Microsoft. As you might be able to tell from my name, I tend to like investments with a long horizon. Microsoft is, at the moment, the company in my portfolio that I plan to hold the longest. From a long-term perspective, I struggle to see another company that offers a superior investment profile. While the company's recent beta of .98 may suggest that it doesn't outperform the market, and turn away some prospective investors that are \"seeking alpha,\" keep in mind that this is a recovering market. Since January 31, 2020, the S&amp;P 500 has returned ~45%. Over the same period, Microsoft has returned ~99%. This goes back to how well Microsoft performed during the COVID downturn relative to the rest of the market. While the rest of the market was recovering, Microsoft was just performing and, consequently, has dramatically outperformed over this longer horizon. So, the company's ability to generate consistently high returns and mitigate losses during economic hardship makes it the ultimate buy and hold.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Microsoft Stock Is The Ultimate Buy And Hold</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Microsoft Stock Is The Ultimate Buy And Hold\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-14 15:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4474761-why-microsoft-stock-ultimate-buy-hold><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nMicrosoft offers various products over three different divisions, many of which exhibit incredibly strong moats and subsequently dominate their respective markets.\nMicrosoft enjoys incredibly...</p>\n\n<a href=\"https://seekingalpha.com/article/4474761-why-microsoft-stock-ultimate-buy-hold\">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://seekingalpha.com/article/4474761-why-microsoft-stock-ultimate-buy-hold","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101780765","content_text":"Summary\n\nMicrosoft offers various products over three different divisions, many of which exhibit incredibly strong moats and subsequently dominate their respective markets.\nMicrosoft enjoys incredibly strong operating efficiencies and is able to monetize its products at a level far above its peers.\nMicrosoft has an incredibly strong capital position, with top bond ratings from Moody’s and Standard & Poor’s.\nMicrosoft maintains low risk, outperformed during the recent COVID crash, and has consequently outperformed the broader market by a wide margin over the last two years.\n\nHJBC/iStock Editorial via Getty Images\nIn an era where tech stocks have dominated the public markets, Microsoft's (MSFT) success has been nothing short of extraordinary. The two and a half trillion dollar company falls second only to Apple (AAPL) in outright value. Yet, for as long as there are successful companies, there will be doubters warning of certain demise. The constant cries, \"It's here! Get out while you can!\" ring out until, eventually, the nihilistic army is right. The tech giants are often a focus of much of the skeptics' ire, as it can be pretty hard to justify that a company, such as Microsoft, can truly be worth more than 96.4% of countries in the world by GDP. This article will offer a logical breakdown of how Microsoft has earned its valuation and why there may even still be some room to go.\nCorporate Summary\nMicrosoft, founded in 1975, was created to provide operating solutions for some of the world's first commercial microcomputers and, specifically, for the Altair 8800. Currently, Microsoft has its software operating 74.27% of all laptops and desktop computers in the world. Unquestionably, this is far beyond any ambitions that Bill Gates and Paul Allen held when the company was first created. A portmanteau of microcomputer software, Microsoft is still heavily grounded in its roots in software engineering, though it's now grown to become so much more.\nMicrosoft breaks its operations down into three segments, Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. All three of these segments rely on Microsoft's industry-leading software, though all three also contain far more. Within Productivity and Business Processes, Microsoft operates its Office 365 suite of products, which include Word, PowerPoint, Excel, etc., and is geared towards both commercial and consumer markets. Microsoft also includes LinkedIn, the popular networking social media site, and Dynamics 365, a customer relationship management (\"CRM\") service, in this division.\nThis sector contains the products with perhaps the widest competitive moats of any in the company's arsenal. Sure, LinkedIn doesn't exactly have as many users as Facebook (FB) or Twitter (TWTR), but it exists in a completely different space. There's no other online platform in which people can congregate in a professional setting. The niche in which LinkedIn occupies allows it to be the default service for its specific application, and is still only 86 million active users behind Twitter's 396 million active users even though the latter's platform is far more open-ended.\nOffice 365 offers some of the most iconic computer programs in the world. Especially in the business field, the Office 365 suite isthestandard for spreadsheets, presentations, and word documents. Google(NASDAQ:GOOG)(NASDAQ:GOOGL)Cloud, formerly the G Suite, has made significant headroom in recent years but, when it comes to paid users,Office still dominates. While Google had about six million paying users last year, Microsoft had about 258 million. Dynamics 365 is the clear outlier here, as it's not exactly at the top of its field. No, that title belongs to Salesforce (CRM), which controls 19.5% of the CRM market. Dynamics 365 has a far more modest 4%, just .8% behind second-place SAP (SAP).\nMicrosoft's Intelligent Cloud division has been its fastest-growing sector over the last few years, led by its cloud computing service, Azure. Azure's revenue grew by 50% over last year, and is grouped into the subcategory of 'server products and cloud services.' Server product revenue grew by just 6%, while enterprise services revenue grew by 8% since last year. Thus, the Intelligent Cloud division's 24% growth in revenue is driven almost entirely from Azure, which looks poised to continue its rapid expansion.\nMost of this growth comes naturally, as the cloud computing market experiences some fairly intense growth. Currently valued at $445.3 billion, the market is expected to grow at a CAGR of 16.3% through 2026, reaching a value of $947.3 billion by 2026. Though Amazon Web Services (\"AWS\") (AMZN) continues to lead the sector, Azure is starting to draw nearer. In 2019,AWS held 44.6% of the cloud computing market. As of the first quarter of this year,it held 32%. This is still 12% ahead of second-place Azure, which itself is 11% ahead of the next closest competitor. The cloud computing market seems to be mostly a two-horse race, with Microsoft fighting to claw back Amazon's early lead. Perhaps the recent AWS outage could help Microsoft gain further momentum in this fight.\nMore Personal Computing is the division where the vast majority of Microsoft's direct relationship with consumers is built. Of course, the products themselves are important in the sense that they generate sales for the company, but this is also where Microsoft grows its brand. Azure is an incredibly important component of Microsoft's future, but when people boot up their computer to watch Netflix (NFLX), they're not exactly thinking about AWS.\nWithin this division, Microsoft breaks down its operations into four subcategories. Windows is the descendant of that first system developed for the Altair 8800 and is the largest component of Microsoft's Personal Computing division by sales. As far as the public's perception of Microsoft is concerned, the Windows operating system (\"OS\") is perhaps the most important component of Microsoft's business. Gaming is another strong component of Microsoft's Personal Computing division. Strong growth for the sector was driven by the rather successful launch of new gaming hardware in the Xbox Series X|S. The other two categories within this sector are search advertising, primarily from search engine Bing and web browser Microsoft Edge, and Surface devices.\nWindows OS dominates the global computing market, as the operating system for 87.56% of laptops and desktops in the world. Apple's (AAPL) Mac OS comes up second, with 9.54% of the global market share. When it comes to moats and absolute market domination, you'd be hard-pressed to find a better example than Windows. Gaming is a bit of a different story.\nSony's (SONY) PlayStation 5 (\"PS5\") is the direct competitor to Microsoft's Xbox. While the Nintendo (OTCPK:NTDOY) Switch is another popular gaming console, it doesn't really compete against Xbox or PlayStation. The Switch offers a unique experience, exemplified by the fact that 71% of Switch owners also own another console. Despite the launch of new generation Xbox consoles being the \"most successful in [Microsoft's] history,\"PS5 sales have yet again toppled Xbox sales, outselling Microsoft by 67.5%. Though, even as the runner up, as a leader in a rapidly growing gaming industry, there's plenty for Microsoft to look forward to.\nThe Surface lineup is still fairly young, though it seems to have settled into a 3% market share. While the company continues to try to improve the lineup with more diverse offerings and improved hardware, the Surface lineup likely won't become a major component of Microsoft's business in the near future. Bing and Microsoft Edge are clear losers to Google Chrome and Google. Unlike the gaming industry, there isn't really much to be had as one of the leaders. Google Chrome dominates the web browser field, with 65.27% of all internet traffic. Microsoft Edge has just 3.4%, in third place behind Safari's 18.34%. Google dominates the search engine field even more, with 92.6% of all traffic. Bing is second, with just 2.3%. Really, Microsoft is just left picking up the scraps of Google and these two services aren't really some of Microsoft's finest.\nFinancials Analysis\nIt is important to note Microsoft's financial reporting schedule here. Microsoft's fiscal year ends June 30th, meaning that the discussion of 'past year' financials will refer to the period starting July 1st, 2020 to June 30th, 2021, otherwise known as FY2021, unless specifically noted. Examining the company's segment information provides the most intimate understanding of Microsoft's operations. This breakdown demonstrates that server products and cloud services is Microsoft's largest subsector, by revenue, followed by Office products and Windows.\nSource: Microsoft\nLinkedIn is another valuable component to the Microsoft story. Because of its professional focus, it is far more monetizable than most social media platforms. Let's go back to the earlier comparison with Twitter to highlight this. Despite having 22% less active users than Twitter, LinkedIn generates 177% more revenue (Twitter's $3.716 billion versus LinkedIn's $10.289 billion). Another way to view this, is that Twitter makes about $9.38 per user while LinkedIn makes $33.19 per user. This is a staggering difference, though I suppose it's fitting that the social media site centered around business is the best at conducting it.\nLinkedIn isn't the only operation where Microsoft seems to have mastered the art of monetization. Microsoft's Office suite brought in about $39.872 billion over FY2021. While Microsoft doesn't disclose the product's operating margin, Productivity and Business Processes operates at a 45.17% margin and Office represents 73.95% of the division's sales, so it's safe to assume that it's around there. Google's G suite brought in $13.059 billion in sales during FY2020, though operated at an overall loss of $5.607 billion.\nMicrosoft's recent growth has been rather impressive. The company took revenue from $143.051 billion in 2020 up to $168.088 billion in 2021, or +17.5%, while the cost of revenue only increased 13.36% in the same period. Net Income rose from $44.281 billion in 2019 to $61.271 billion in 2020, or 38.37%, far outpacing the rate of growth of revenues. This healthy growth, seeing revenue outpace expenses, means that Microsoft is not only increasing its sales but also its operating efficiency. The graph below demonstrates Microsoft's strong operating margin growth, especially since 2015, and operating margin now the highest it's been in those ten years.\nSource: Author's Calculations Using Data from Bloomberg Terminal\nMicrosoft has also experienced a period of fairly strong liquidity, as seen by the figure below. Inventories are fairly low for the company, representing only $2.636 billion of Microsoft's $1084.406 billion in current assets, as its Surface laptops and Xbox gaming consoles are really the only physical products that Microsoft sells. This helps keep the company's quick ratio high, which hasn't dipped below 1.9 in the past ten years. Thus, despite holding $191.791 billion in total liabilities, Microsoft is highly capable of fulfilling any debt obligations.\nSource: Author's Calculations Using Data from Bloomberg Terminal\nSpeaking of its ability to fulfill its debt obligations,Microsoft currently holds a AAA rating from Standard & Poor's and an Aaa rating from Moody's. Both of these are the top of the respective firms' grading scale and reflect the company's incredible debt management. Beginning with Microsoft's ability to make good on its interest payments, the company's current interest coverage ratio of 29.8 is the highest it's been since 2014. With the company's operations able to generate enough money to cover interest payments almost 30 times over, there is incredibly little risk of Microsoft defaulting on interest payments. What's really rather astounding, is the company's market debt ratio. Debt makes up just 4% of the company's total market value, meaning Microsoft could easily cover all liabilities by raising new equity without significant dilution to shareholders. Though, as the company's financial health continues to simply improve, the only criticism here is that perhaps Microsoft could take on some more leverage to increase its return to shareholders. Though, it's not as if the company is really in a position where it needs to raise capital.\nSource: Author's Calculations Using Data from Bloomberg Terminal\nLooking towards Microsoft's retained earnings, the company bought back $21.879 billion worth of shares last year. The company also paid out $16.871 billion in its quarterly dividend of $.56 per share. Even still, Microsoft saw its retained earnings increase from $34.566 billion in FY2020 to $57.055 billion this past year on account of its $61.271 billion in net income. In response, the Board has approved a $60 billion share buyback program and increased its quarterly dividend payout by 11%. While debt might be able to increase shareholder rewards even more, it isn't something that is necessarily advisable.\nIn Microsoft's cash flows, investing activities contributed to a $27.577 billion loss, a $125.62% increase over last year. This primarily came from larger investments in property and equipment, as well as the acquisition of companies, net of cash acquired, and purchase of intangible assets. This use of capital is good to see, as Microsoft has plenty of it to spend and, while buybacks and dividends are nice, growing the business is always the top priority.\nThesis Risks\nWhen examining the greatest macro threats to Microsoft's operations, antitrust suits are always a potential danger. Back in 2001, Microsoft had to settle a suit with the Department of Justice (\"DOJ\") after it was sued for allegedly violating the Sherman Antitrust Act with its acquisition and integration of Internet Explorer into Windows. While the initial verdict would have seen Microsoft split its business into two separate units, Windows and other software components, the settlement ended up being largely inconsequential.\nYet, after Google,Facebook, and Amazon all faced new antitrust cases in 2021, and Apple lost some control over the App Store over monopolistic practices and reportedly has an antitrust suit from the DOJ looming, Microsoft remains untouched. The reason for this may be rather simple. While the company didn't exactly go through a period of extreme reformation after its high-profile antitrust case some 20 years ago, it hasn't gotten any more abusive. Perhaps they even learned from it, as Brad Smith, President of Microsoft,said \"When I look back at it from Microsoft's perspective, it did mean many things, but I also think when I try to prioritize it in my own mind, it meant one thing more than any other: It was a part of the maturing of Microsoft.\" Perhaps this maturity has allowed Microsoft to play nice from then on, succeeding and succeeding fairly.\nSize alone is not cause for an antitrust suit, as people aren't exactly clamoring to bring down Walmart (WMT). For antitrust suits to be launched, competitors must be disgruntled. Microsoft hasn't really had any,except Slack, which means that there isn't really anything to launch an antitrust case on. The case with Slack is reminiscent of the 2001 case, as they argue against the integration of Microsoft Teams in Windows OS as an unfair advantage.\nRegardless, it doesn't seem that Microsoft carries the same ire as its tech peers. John Lopatka, an antitrust expert and professor at Penn State,said of the matter \"Microsoft simply may be maintaining its market share by being a good competitor.\" Herbert Hovenkamp, a professor at the University of the Pennsylvania Law School and antitrust expert, added to this idea, saying \"You have got to identify some product where there is both dominance and an exclusionary practice and it's kind of hard to find one [with Microsoft]. That's, I think, the bottom line.\" With this in mind, I'm not sure that investors have too much to worry on the legal front.\nOther risks that Microsoft faces include increasing competitive threats and lackluster returns from new investments. One example of such a failure may be the Surface lineup. While it may be a bit harsh to call the product a failure, the device has been a source of disappointmentsince its release in 2013. Though the company can't grow without taking some risks and Azure represents a highly successful implementation of a newer sector.\nBeyond the greater macro threats to Microsoft's valuation, it is also important to consider the general market riskiness of Microsoft's stock. With a beta of .98 for the past 52 weeks,according to FactSet, Microsoft trades incredibly closely to the broader market and does not exhibit abnormally high volatility. For risk-averse traders, this is a rather comforting sign. Even during the COVID pandemic, shares of Microsoft slipped by only around 25%, again demonstrating the ability for the company to mitigate periods of extreme volatility. Such outperformance during otherwise bleak periods is part of what makes Microsoft a favorite among hedge funds.\nMicrosoft's beta of .98 also makes the current cost of raising funds via equity 5.8%, again using data from FactSet. The cost of financing via debt is just 1.63%, though only 2.05% of Microsoft's capital is raised from debt. Keeping in mind the earlier discussion regarding the company's debt management, it does seem a bit strange that the company doesn't utilize debt a bit more given how strong its cash position is. Though, 5.8% still isn't terribly extreme.\nValuation Discussion\nWhen looking at how to value the company, with its hands in so many different pockets, examining a relative P/S ratio is a good place to start. Because Microsoft doesn't disclose the income of its various products, price to sales is the only way to provide an accurate comparison of Microsoft and its peers. To create a fair benchmark, Microsoft first must be broken down into its revenue by sector, or product. The figure below does exactly that.\nSource: Author's Creation Using Data From Microsoft\nGoing by category, the current P/S ratio of the computer processing and cloud services industry is currently 5.11. Office products and cloud services doesn't exactly have a distinct industry to be lumped into, as it dominates its own sector, so I combined it with Windows in the software and programming industry, which currently has a P/S ratio of 10.82. Gaming doesn't seem to have a publicly-available P/S ratio, so I used this list of the top 25 gaming companies by revenue to find it myself, discounting companies that don't conduct the vast majority of their business in gaming. I found the average P/S ratio to be 4.41.\nThe internet services and social media industry currently has a P/S ratio of 8.37, which I also included Search Advertising in for a similar reason to office products and cloud services - Google dominates the market. Professional services companies currently trade at a P/S of 4.99, which I ascribed to enterprise services. I categorized devices as consumer electronics, which currently trades ata  P/S of 5.29. For other, I simply used the P/S of the average S&P 500 company,which is 3.12. Microsoft's P/S ratio, for the trailing twelve months,is 14.3. Compared to the sector weighted average P/S ratio of 7.5, Microsoft appears to be a bit overvalued.\nSource: Author's Creation Using Above Information\nEven before calculating the weighted average P/S, it's pretty clear that Microsoft's is going to be higher. After all, not a single sector has a higher average P/S than Microsoft. Though, revenue doesn't really tell the full story of the company. P/S fails to take into account operating efficiencies, which is one of Microsoft's greatest strengths.\nThis idea of Microsoft's superior monetization strategies was discussed earlier, as was the company's steadily increasing operating margin. The company's strong performance on these two key metrics means that it is more effective with its sales than its peers, thus justifying a higher P/S ratio. As such, I look at this high P/S more as a testament to the company's incredible operating efficiencies, rather than the company, perhaps, being overvalued.\nAs Microsoft continues to extend its operating efficiencies, especially as lower-margin products like the Surface lineup represent a smaller portion of the company's overall sales due to growth in other areas, its lead over peers will only grow. Gaming is a prime example of this. In the new digital era, subscriptions have emerged as the superior form of monetization, hence Microsoft released the Xbox game pass in 2017. Currently,it is rumored that Microsoft now has between 25 million and 30 million game pass subscribers, up from 18 million as of January. Examples such as this demonstrate the firm's ability to continue to improve its efficiencies, even as it outperforms peers.\nThe other component to consider, when looking at price multiples, is that a high multiple also may simply indicate that the market is expecting high growth. With Microsoft, this is undoubtedly the case. With a consensus long term growth rate of 16.1% among the 38 analysts that cover Microsoft, the expectations have been set.\nFinally, while I do still believe it's a bit inappropriate to simply categorize Microsoft as a software company, it is still the most accurate single label for the tech giant. The software & programming industry has an average P/E ratio of 40.9, which is above Microsoft's P/E ratio of 37.2 for the trailing twelve months. Interestingly, most of the top firms in the sector have a higher P/E than overall the sector average. This seems to indicate that the market views the software industry as an area of significant growth and, given Microsoft's beta of .98, it makes sense that Microsoft is viewed similarly to the rest of the sector. Though, bringing back the discussion of efficiency, remember that the software and programming industry has a P/S ratio of 10.82, below Microsoft's P/S of 14.3. Yet, Microsoft has a lower P/E than the rest of the sector due to its significantly greater efficiency.\nFactoring in Microsoft's growth, the company also maintains a lower PEG than the rest of the sector.According to FactSet, the company has a PEG of 2.1. Compared to the average of 2.56 for its peers, it again seems that Microsoft may actually be a bit undervalued relative to its peers. PEG takes the P/E ratio and divides it by its expected earnings growth rate, allowing growth to be clearly included in this common valuation metric. Because Microsoft also has a lower PEG than its industry peers, it stands to reason that the company's lower P/E isn't simply a result of lower growth expectations.\nAs seen below, Microsoft's return on equity (\"ROE\") is above the vast majority of its peers, with Citrix (CTXS) included as an outlier. Because ROE is a measure of net income divided by shareholder's equity, it is effectively a measure of asset efficiency, or how much profit a company's assets are able to produce. The most important thing is that ROE surpasses the cost of raising capital which, even if done completely through equity, is more than accomplished. Microsoft's peers tend to outperform the general market in ROE, indicating a greater sector efficiency overall, though Microsoft clearly takes this efficiency beyond what is typical even for this highly-efficient sector, backing up the above theorizing regarding discrepancies between P/S and P/E. So, with a higher efficiency than the vast majority of its peers by a significant margin and an incredibly healthy capital system, there the only logical conclusion to draw from the company's relatively low P/E and PEG seems to be that it is undervalued.\nSource: Author's Calculations Using Data from Bloomberg Terminal\nInvestor Takeaway\nIt feels a bit strange to say that a company valued as highly as Microsoft is still undervalued, yet that seems to be the reality. Just a few years ago, the idea of a multi-trillion dollar company seemed even a bit fanciful. Yet, here lies Microsoft. A testament to the power of efficiency and responsible growth, Microsoft has earned this value by learning from past mistakes and consistently adapting to new market demands. Though, perhaps it's the company's tremendous size that makes some balk at purchasing the company, thus creating the mispricing. After all, the market will always be an emotional one.\nAs this disclosure below notes, I'm long Microsoft. As you might be able to tell from my name, I tend to like investments with a long horizon. Microsoft is, at the moment, the company in my portfolio that I plan to hold the longest. From a long-term perspective, I struggle to see another company that offers a superior investment profile. While the company's recent beta of .98 may suggest that it doesn't outperform the market, and turn away some prospective investors that are \"seeking alpha,\" keep in mind that this is a recovering market. Since January 31, 2020, the S&P 500 has returned ~45%. Over the same period, Microsoft has returned ~99%. This goes back to how well Microsoft performed during the COVID downturn relative to the rest of the market. While the rest of the market was recovering, Microsoft was just performing and, consequently, has dramatically outperformed over this longer horizon. So, the company's ability to generate consistently high returns and mitigate losses during economic hardship makes it the ultimate buy and hold.","news_type":1},"isVote":1,"tweetType":1,"viewCount":427,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690995206,"gmtCreate":1639619545310,"gmtModify":1639619545397,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Probably will. To take profit too!","listText":"Probably will. To take profit too!","text":"Probably will. To take profit too!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690995206","repostId":"1185059175","repostType":4,"isVote":1,"tweetType":1,"viewCount":653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690995360,"gmtCreate":1639619521555,"gmtModify":1639619521638,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"This would be interesting!","listText":"This would be interesting!","text":"This would be interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690995360","repostId":"1118764756","repostType":2,"repost":{"id":"1118764756","pubTimestamp":1639611481,"share":"https://www.laohu8.com/m/news/1118764756?lang=&edition=full","pubTime":"2021-12-16 07:38","market":"us","language":"en","title":"NYPD Considers Ordering 250 Tesla Model 3 Sedans for $12.6 Million, Documents Reveal","url":"https://stock-news.laohu8.com/highlight/detail?id=1118764756","media":"Bloomberg","summary":"Agency to discuss purchase contract at city hearing Thursday\nEVs are gaining favor with local and fe","content":"<ul>\n <li>Agency to discuss purchase contract at city hearing Thursday</li>\n <li>EVs are gaining favor with local and federal governments</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1bd115c2a5d275e030b34ad6f1e02172\" tg-width=\"2000\" tg-height=\"1334\" width=\"100%\" height=\"auto\"><span>Photographer: Angus Mordant/Bloomberg</span></p>\n<p>The New York City Police Department is weighing the purchase of as many as 250 fully electric Model 3 sedans from&nbsp;Tesla Inc., a move that would put the high-performance vehicles into the hands of the nation’s largest police force.</p>\n<p>The agency would pay $51,940 each for the vehicles as part of a citywide push to transition to an all-electric fleet, according to the draft of the procurement contract viewed by Bloomberg News at city offices Wednesday. While the city hasn’t yet committed to the purchases, the contract, to be&nbsp;discussed during a hearing&nbsp;Thursday morning, could be valued at about $12.4 million.</p>\n<p>The NYPD is the largest police department in the U.S., with almost 36,000 uniformed officers and a&nbsp;fleet of 9,000 vehicles.With local and federal governments increasingly electrifying their fleets to meet climate goals, the cars are also expected to have lower maintenance costs and fuel savings compared to models with traditional internal combustion engines.</p>\n<p>A deal between the NYPD and Tesla would underscore the shift in vehicle sales to law enforcement, a market once dominated by&nbsp;Ford Motor Co.The police department in Fremont, California, has a Tesla Model S and a Model Y in its fleet as part of a pilot program.</p>\n<p>The Fremont agency said in a&nbsp;November 2020 report&nbsp;that it was pleased with the Model S performance, which “met or exceeded expectations, often demonstrating superior performance when compared to gas-powered police vehicles.”</p>\n<p>A foothold with police departments would extend Tesla’s growing fleet business. Rental car company&nbsp;Hertz&nbsp;announced plans to buy 100,000 Tesla cars last month, pushing Tesla’s valuation above $1 trillion. Its current market cap is $980 million.</p>","source":"lsy1584095487587","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>NYPD Considers Ordering 250 Tesla Model 3 Sedans for $12.6 Million, Documents Reveal</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\">\nNYPD Considers Ordering 250 Tesla Model 3 Sedans for $12.6 Million, Documents Reveal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 07:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-12-15/nypd-eyes-order-of-250-teslas-as-city-pushes-to-electrify-fleet?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Agency to discuss purchase contract at city hearing Thursday\nEVs are gaining favor with local and federal governments\n\nPhotographer: Angus Mordant/Bloomberg\nThe New York City Police Department is ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-12-15/nypd-eyes-order-of-250-teslas-as-city-pushes-to-electrify-fleet?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.bloomberg.com/news/articles/2021-12-15/nypd-eyes-order-of-250-teslas-as-city-pushes-to-electrify-fleet?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118764756","content_text":"Agency to discuss purchase contract at city hearing Thursday\nEVs are gaining favor with local and federal governments\n\nPhotographer: Angus Mordant/Bloomberg\nThe New York City Police Department is weighing the purchase of as many as 250 fully electric Model 3 sedans from Tesla Inc., a move that would put the high-performance vehicles into the hands of the nation’s largest police force.\nThe agency would pay $51,940 each for the vehicles as part of a citywide push to transition to an all-electric fleet, according to the draft of the procurement contract viewed by Bloomberg News at city offices Wednesday. While the city hasn’t yet committed to the purchases, the contract, to be discussed during a hearing Thursday morning, could be valued at about $12.4 million.\nThe NYPD is the largest police department in the U.S., with almost 36,000 uniformed officers and a fleet of 9,000 vehicles.With local and federal governments increasingly electrifying their fleets to meet climate goals, the cars are also expected to have lower maintenance costs and fuel savings compared to models with traditional internal combustion engines.\nA deal between the NYPD and Tesla would underscore the shift in vehicle sales to law enforcement, a market once dominated by Ford Motor Co.The police department in Fremont, California, has a Tesla Model S and a Model Y in its fleet as part of a pilot program.\nThe Fremont agency said in a November 2020 report that it was pleased with the Model S performance, which “met or exceeded expectations, often demonstrating superior performance when compared to gas-powered police vehicles.”\nA foothold with police departments would extend Tesla’s growing fleet business. Rental car company Hertz announced plans to buy 100,000 Tesla cars last month, pushing Tesla’s valuation above $1 trillion. Its current market cap is $980 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854452731,"gmtCreate":1635476151027,"gmtModify":1635476316690,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Yes. This is the moment to go in.","listText":"Yes. This is the moment to go in.","text":"Yes. This is the moment to go in.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854452731","repostId":"2179291720","repostType":4,"repost":{"id":"2179291720","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1635460215,"share":"https://www.laohu8.com/m/news/2179291720?lang=&edition=full","pubTime":"2021-10-29 06:30","market":"us","language":"en","title":"Analyst Says Apple's Supply Chain That Crashed The iPhone Party Is 'Transitory,' Views Sell-Off As 'Golden Buying Opportunity'","url":"https://stock-news.laohu8.com/highlight/detail?id=2179291720","media":"Benzinga","summary":"Apple, Inc. (NASDAQ: AAPL) reported mixed fourth-quarter earnings, sending shares lower in after-hours trading.","content":"<p><b>Apple, Inc. </b>(NASDAQ:AAPL) reported mixed fourth-quarter earnings, sending&nbsp;shares lower in after-hours trading.</p>\n<p><b>The Apple Analyst: </b> Wedbush analyst Daniel Ives maintained an Outperform rating and $185 price target.</p>\n<p><b>The Apple Thesis: </b> Apple's fourth-quarter revenues of $83.4 billion&nbsp;missed the consensus estimate, with iPhone revenues of $38.9 billion trailing the consensus estimate of $41.3 billion.</p>\n<p>With the \"supply chain black cloud\" impacting every sector, Ives said Apple's results showed the company isn't&nbsp;immune either. Supply chain constraint negatively impacted revenues, mainly that of iPhones, by about $6 billion, he added.</p>\n<p>Every other product category, including the key Services segment, came in ahead of Wedbush's expectations.</p>\n<p>\"Ultimately it was supply chain that crashed the iPhone 13 party this quarter and will be an overhang into the December quarter,\" Ives wrote in the note.</p>\n<p>The analyst, however, said he views this as transitory and it will in no way impact his long-term bullish view of Apple heading to a $3 trillion market cap in 2022.</p>\n<p>Overall demand has been robust globally, the analyst said. Apple will be running into a major iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace, he added. This is purely a supply chain issue and not a demand issue for iPhones.</p>\n<p>Wedbush views any sell-off as a golden buying opportunity, given its robust view of Apple's demand story into 2022.</p>\n<p><b>AAPL Price Action: </b> In after-hours trading, Apple shares fell 3.53% to $147.19.</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>Analyst Says Apple's Supply Chain That Crashed The iPhone Party Is 'Transitory,' Views Sell-Off As 'Golden Buying Opportunity'</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\">\nAnalyst Says Apple's Supply Chain That Crashed The iPhone Party Is 'Transitory,' Views Sell-Off As 'Golden Buying Opportunity'\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-10-29 06:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Apple, Inc. </b>(NASDAQ:AAPL) reported mixed fourth-quarter earnings, sending&nbsp;shares lower in after-hours trading.</p>\n<p><b>The Apple Analyst: </b> Wedbush analyst Daniel Ives maintained an Outperform rating and $185 price target.</p>\n<p><b>The Apple Thesis: </b> Apple's fourth-quarter revenues of $83.4 billion&nbsp;missed the consensus estimate, with iPhone revenues of $38.9 billion trailing the consensus estimate of $41.3 billion.</p>\n<p>With the \"supply chain black cloud\" impacting every sector, Ives said Apple's results showed the company isn't&nbsp;immune either. Supply chain constraint negatively impacted revenues, mainly that of iPhones, by about $6 billion, he added.</p>\n<p>Every other product category, including the key Services segment, came in ahead of Wedbush's expectations.</p>\n<p>\"Ultimately it was supply chain that crashed the iPhone 13 party this quarter and will be an overhang into the December quarter,\" Ives wrote in the note.</p>\n<p>The analyst, however, said he views this as transitory and it will in no way impact his long-term bullish view of Apple heading to a $3 trillion market cap in 2022.</p>\n<p>Overall demand has been robust globally, the analyst said. Apple will be running into a major iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace, he added. This is purely a supply chain issue and not a demand issue for iPhones.</p>\n<p>Wedbush views any sell-off as a golden buying opportunity, given its robust view of Apple's demand story into 2022.</p>\n<p><b>AAPL Price Action: </b> In after-hours trading, Apple shares fell 3.53% to $147.19.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2179291720","content_text":"Apple, Inc. (NASDAQ:AAPL) reported mixed fourth-quarter earnings, sending shares lower in after-hours trading.\nThe Apple Analyst:  Wedbush analyst Daniel Ives maintained an Outperform rating and $185 price target.\nThe Apple Thesis:  Apple's fourth-quarter revenues of $83.4 billion missed the consensus estimate, with iPhone revenues of $38.9 billion trailing the consensus estimate of $41.3 billion.\nWith the \"supply chain black cloud\" impacting every sector, Ives said Apple's results showed the company isn't immune either. Supply chain constraint negatively impacted revenues, mainly that of iPhones, by about $6 billion, he added.\nEvery other product category, including the key Services segment, came in ahead of Wedbush's expectations.\n\"Ultimately it was supply chain that crashed the iPhone 13 party this quarter and will be an overhang into the December quarter,\" Ives wrote in the note.\nThe analyst, however, said he views this as transitory and it will in no way impact his long-term bullish view of Apple heading to a $3 trillion market cap in 2022.\nOverall demand has been robust globally, the analyst said. Apple will be running into a major iPhone 13 unit shortage for the holiday season if consumer demand keeps up at this pace, he added. This is purely a supply chain issue and not a demand issue for iPhones.\nWedbush views any sell-off as a golden buying opportunity, given its robust view of Apple's demand story into 2022.\nAAPL Price Action:  In after-hours trading, Apple shares fell 3.53% to $147.19.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":691061904,"gmtCreate":1640098893530,"gmtModify":1640098893718,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow that is good news","listText":"Wow that is good news","text":"Wow that is good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/691061904","repostId":"1130364908","repostType":4,"isVote":1,"tweetType":1,"viewCount":819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":608573627,"gmtCreate":1638767155280,"gmtModify":1638767155280,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"He&nbsp;was selling it off to pay taxes, which is why the news about him selling was never a problem. If youbelieve in Tesla, hold.","listText":"He&nbsp;was selling it off to pay taxes, which is why the news about him selling was never a problem. If youbelieve in Tesla, hold.","text":"He was selling it off to pay taxes, which is why the news about him selling was never a problem. If youbelieve in Tesla, hold.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608573627","repostId":"1105188334","repostType":2,"repost":{"id":"1105188334","pubTimestamp":1638760294,"share":"https://www.laohu8.com/m/news/1105188334?lang=&edition=full","pubTime":"2021-12-06 11:11","market":"us","language":"en","title":"How Elon Musk sold 10 million Tesla shares and increased his Tesla holdings","url":"https://stock-news.laohu8.com/highlight/detail?id=1105188334","media":"CNN Business","summary":"New York (CNN Business)Tesla CEO Elon Musk sold a massive stake in his company over the past several","content":"<p>New York (CNN Business)Tesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more shares than he did at the start of the selling spree.</p>\n<p>An analysis of his filings shows Musk is not backing away from his holdings in Tesla, despite his promise to follow a poll he sent to his Twitter followers, who called on him to sell 10% of his stake. So far he's sold 10.1 million shares — about 7 million shares short of the goal.</p>\n<p>That's because at the same time he is selling shares, he's also exercising options to buy additional stock. And he's doing so at a bargain exercise price of $6.24 a share, well below 1% of Tesla (TSLA)'s current share price. Since Musk's Twitter poll on November 6, he has exercised options to buy 10.7 million shares of Tesla. To be clear, he would have done so with or without the poll — the options were due to expire by August of 2022 if he didn't exercise them.</p>\n<p>And Tesla is poised to award Musk even more options, pending its upcoming financial results. His stake in the company is the reason Musk is the richest person on the planet.</p>\n<h4>Taxes, not Twitter, main reason for sales</h4>\n<p>Whenever he exercises options, he becomes subject to a large income-tax hit because he received those options as his primary form of compensation.</p>\n<p>He owes about $5 billion in federal income taxes on the new shares he has purchased since November 8. He also will probably owe some amount of state taxes. Musk sold off Tesla stock specifically to cover that tax hit, according to the filings.</p>\n<p>Musk also plans to exercise additional options that are set to expire next year. He still has 12.2 million of those soon-to-expire options that he has not yet exercised.</p>\n<p>If past practice is any indication, he'll sell about 5.3 million of those newly acquired shares to cover his tax bill. But that will still leave him with nearly 7 million more shares than he has today.</p>\n<p>Musk is keeping most of the shares he's acquiring, rather than selling them all, as other executives have been known to do when exercising options, including Robyn Denholm, the chair of Tesla's board.</p>\n<p>Once he's done with these soon-to-expire options, Musk will have 22.9 million fewer options than he had at the start of this process. But he'll still have 50.7 million other options that will allow him to buy that many additional shares, albeit at a higher exercise price than options he is now purchasing. He's not likely to exercise them soon, as virtually none of those options will expire until January of 2028.</p>\n<h4>More options on their way</h4>\n<p>The number of options Musk holds is likely to grow significantly in the coming year.</p>\n<p>Musk's pay package was designed to give him 12 different blocks of options once the company hits certain financial performance and market value targets. With the company now worth $1 trillion, the market value targets are all already accomplished, so it's a matter of revenue and profit targets being hit.</p>\n<p>Tesla has already accounted for three additional blocks of 8.4 million options each going to Musk soon, for a total of 25.3 new options, more than making up for the ones he is in the process of exercising. Company filings state that it is \"probable\" that the needed financial targets will be achieved soon.</p>\n<p>Analysts agree. Musk could qualify for one block of 8.4 million options with the fourth-quarter results, and two more with first quarter 2022 results, according to Wall Street's consensus forecasts. And if analysts' estimates are correct, he could get an additional 8.4 million options in the second or third quarter of 2022, and yet another blog early in 2023.</p>\n<h4>Additional stock sales</h4>\n<p>Musk sold a block of 5.4 million Tesla shares that he had previous held in trust over the course of three days shortly after the completed his Twitter poll.</p>\n<p>Most of the shares sold in those transactions were probably ones he has held since the company's 2010 initial public offering. So almost all of the $5.8 billion he received for those sales were probably judged to be long-term capital gains, taxed at a lower 20% rate, not the higher tax rate he'll pay on the exercise of the options.</p>\n<p>To hit the target of selling 10% of the Tesla shares he owned as of the date of the poll, he might need to sell about 2 million more shares to cover the tax bill for his additional 12 million options.</p>\n<p>But even if he does that, with even more options due to come his way, he's still likely to have a bigger stake in Tesla than when he began this process.</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>How Elon Musk sold 10 million Tesla shares and increased his Tesla holdings</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\">\nHow Elon Musk sold 10 million Tesla shares and increased his Tesla holdings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-06 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/12/05/investing/elon-musk-tesla-stock-sales/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business)Tesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more shares than he did at the start of the selling spree.\nAn ...</p>\n\n<a href=\"https://edition.cnn.com/2021/12/05/investing/elon-musk-tesla-stock-sales/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://edition.cnn.com/2021/12/05/investing/elon-musk-tesla-stock-sales/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105188334","content_text":"New York (CNN Business)Tesla CEO Elon Musk sold a massive stake in his company over the past several weeks. And yet he owns 564,000 more shares than he did at the start of the selling spree.\nAn analysis of his filings shows Musk is not backing away from his holdings in Tesla, despite his promise to follow a poll he sent to his Twitter followers, who called on him to sell 10% of his stake. So far he's sold 10.1 million shares — about 7 million shares short of the goal.\nThat's because at the same time he is selling shares, he's also exercising options to buy additional stock. And he's doing so at a bargain exercise price of $6.24 a share, well below 1% of Tesla (TSLA)'s current share price. Since Musk's Twitter poll on November 6, he has exercised options to buy 10.7 million shares of Tesla. To be clear, he would have done so with or without the poll — the options were due to expire by August of 2022 if he didn't exercise them.\nAnd Tesla is poised to award Musk even more options, pending its upcoming financial results. His stake in the company is the reason Musk is the richest person on the planet.\nTaxes, not Twitter, main reason for sales\nWhenever he exercises options, he becomes subject to a large income-tax hit because he received those options as his primary form of compensation.\nHe owes about $5 billion in federal income taxes on the new shares he has purchased since November 8. He also will probably owe some amount of state taxes. Musk sold off Tesla stock specifically to cover that tax hit, according to the filings.\nMusk also plans to exercise additional options that are set to expire next year. He still has 12.2 million of those soon-to-expire options that he has not yet exercised.\nIf past practice is any indication, he'll sell about 5.3 million of those newly acquired shares to cover his tax bill. But that will still leave him with nearly 7 million more shares than he has today.\nMusk is keeping most of the shares he's acquiring, rather than selling them all, as other executives have been known to do when exercising options, including Robyn Denholm, the chair of Tesla's board.\nOnce he's done with these soon-to-expire options, Musk will have 22.9 million fewer options than he had at the start of this process. But he'll still have 50.7 million other options that will allow him to buy that many additional shares, albeit at a higher exercise price than options he is now purchasing. He's not likely to exercise them soon, as virtually none of those options will expire until January of 2028.\nMore options on their way\nThe number of options Musk holds is likely to grow significantly in the coming year.\nMusk's pay package was designed to give him 12 different blocks of options once the company hits certain financial performance and market value targets. With the company now worth $1 trillion, the market value targets are all already accomplished, so it's a matter of revenue and profit targets being hit.\nTesla has already accounted for three additional blocks of 8.4 million options each going to Musk soon, for a total of 25.3 new options, more than making up for the ones he is in the process of exercising. Company filings state that it is \"probable\" that the needed financial targets will be achieved soon.\nAnalysts agree. Musk could qualify for one block of 8.4 million options with the fourth-quarter results, and two more with first quarter 2022 results, according to Wall Street's consensus forecasts. And if analysts' estimates are correct, he could get an additional 8.4 million options in the second or third quarter of 2022, and yet another blog early in 2023.\nAdditional stock sales\nMusk sold a block of 5.4 million Tesla shares that he had previous held in trust over the course of three days shortly after the completed his Twitter poll.\nMost of the shares sold in those transactions were probably ones he has held since the company's 2010 initial public offering. So almost all of the $5.8 billion he received for those sales were probably judged to be long-term capital gains, taxed at a lower 20% rate, not the higher tax rate he'll pay on the exercise of the options.\nTo hit the target of selling 10% of the Tesla shares he owned as of the date of the poll, he might need to sell about 2 million more shares to cover the tax bill for his additional 12 million options.\nBut even if he does that, with even more options due to come his way, he's still likely to have a bigger stake in Tesla than when he began this process.","news_type":1},"isVote":1,"tweetType":1,"viewCount":789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854311647,"gmtCreate":1635419218920,"gmtModify":1635419219074,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Woot woot","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Woot woot","text":"$Palantir Technologies Inc.(PLTR)$Woot woot","images":[{"img":"https://static.tigerbbs.com/5aa05f0419a9ca87a2876eded8ee7d68","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/854311647","isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":854729218,"gmtCreate":1635485113885,"gmtModify":1635485113989,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"BUY THE AAPL DIP","listText":"BUY THE AAPL DIP","text":"BUY THE AAPL DIP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/854729218","repostId":"1146294800","repostType":4,"repost":{"id":"1146294800","pubTimestamp":1635472918,"share":"https://www.laohu8.com/m/news/1146294800?lang=&edition=full","pubTime":"2021-10-29 10:01","market":"us","language":"en","title":"Apple and Amazon are struggling, so investors may want to look to these tech stocks instead","url":"https://stock-news.laohu8.com/highlight/detail?id=1146294800","media":"MarketWatch","summary":"As companies focused on getting goods to consumers struggle with supply-chain issues heading into th","content":"<p>As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0123d1db0a69d3c06a49bc51bc84fc1\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"><span>A logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.</span></p>\n<p>Both Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.</p>\n<p>This column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple&nbsp;and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp.&nbsp;— offered a huge holiday forecast just a few days earlier.</p>\n<p>Apple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.</p>\n<p>Apple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.</p>\n<p>Amazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.</p>\n<p>These higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”</p>\n<p>The shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.</p>\n<p>While neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.</p>\n<p>Earlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.</p>\n<p>Microsoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates&nbsp;and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc.&nbsp;beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.</p>\n<p>Investors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple and Amazon are struggling, so investors may want to look to these tech stocks instead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple and Amazon are struggling, so investors may want to look to these tech stocks instead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-29 10:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong\nA logjam of container ships, at top, ...</p>\n\n<a href=\"https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page\">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","TEAM":"Atlassian Corporation PLC","NOW":"ServiceNow","AAPL":"苹果","AMZN":"亚马逊"},"source_url":"https://www.marketwatch.com/story/apple-and-amazon-are-struggling-so-investors-may-want-to-look-to-these-tech-stocks-instead-11635469850?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146294800","content_text":"As companies focused on getting goods to consumers struggle with supply-chain issues heading into the holidays, enterprise software companies are looking strong\nA logjam of container ships, at top, wait to offload at the Port of Los Angeles in September. Supply-chain issues are expected to weigh heavily on both Apple and Amazon this quarter.\nBoth Apple Inc. and Amazon.com Inc. had rare earnings disappointments on Thursday, which may lead investors to look in another direction for big holiday returns.\nThis column warned that the two tech giants could stumble this quarter, as the supply-chain issues that had been affecting other industries took a bite out of both Apple and Amazon.It appears those issues will continue into the normally huge holiday quarter for the consumer-focused companies, while a natural rival of both — Microsoft Corp. — offered a huge holiday forecast just a few days earlier.\nApple reported a rare revenue miss — its first since the December quarter of 2018 — with revenue of $83.4 billion coming in $1.7 billion below analysts’ estimates of $85.1 billion for its fiscal fourth quarter. Since the pandemic, Apple no longer gives revenue guidance, but the bulk of the revenue shortfall came from iPhone sales, which came in $2.1 billion below analysts expectations. Sales of Macs and iPads, however, exceeded estimates.\nApple’s Chief Financial Officer Luca Maestri told analysts that the ongoing supply constraints hurt its revenue by around $6 billion, and that the impact will be larger in the December quarter. The products most effected were the iPhone, the iPad and the Mac, and the constraints were caused by both semiconductor shortages and manufacturing disruptions because of the COVID-19 pandemic.\nAmazon reported an even sharper-than-expected drop in earnings, with a huge surge in expenses, as it tried to shore up staff and dealt with unprecedented supply-chain issues. Amazon’s costs to fulfill and ship orders increased to $18.5 billion from $14.71 billion. Amazon reported third-quarter earnings per share of $6.12, a drop of nearly 50% from the year-ago and below analysts’ average expectations of $8.90 a share.\nThese higher fulfillment and employee costs, like Apple’s supply-chain constraints, will continue in the fourth quarter, usually the biggest for consumer-related tech companies. Amazon CEO Andy Jassy said in a statement that Amazon expects to incur “several billion dollars of additional costs” in its consumer business, as it deals with “labor supply shortages, increased wage costs, global supply-chain issues, and increased freight and shipping costs.”\nThe shares of both tech mega stars — which both trade over $1 trillion in market cap — tumbled in after-hours trading, with Apple falling 3.53% while Amazon lost 4%.\nWhile neither company is seeing any loss of demand — in fact the opposite is occurring because they cannot keep up with demand amid the global shipping and product constraints — the news was a downer for investors counting on them to finish the year strongly. As consumer-focused companies could have a harder time meeting all the demand in the upcoming holiday season, corporate-focused tech giants — such as Microsoft — could be a safer play for now.\nEarlier this week, Microsoft topped $20 billion in net income for the first time, with PC revenue beating expectations and the company’s fast-growing cloud business still its biggest driver. The company’s shares were up slightly in after-hours trading Thursday and were on the way to potentially surpassing Apple in market value in regular trading hours on Friday.\nMicrosoft is not the only software name trending higher heading into the holidays. Atlassian,the maker of team collaboration software, saw its shares soar 9% on Thursday after blowing past Wall Street’s estimates and seeing revenue for its its cloud-based products soar 50%. On Wednesday, cloud-based software provider ServiceNow Inc. beat estimates, and one analyst on Wall Street raised its price target; its shares climbed 3.45% on Thursday.\nInvestors looking to stock up on tech stocks for the holidays might want to move away from the traditional players — like Apple and Amazon — and look at enterprise software developers and other cloud-computing players. They may be a bit more boring, but they are poised for more growth in the coming fourth quarter, and could be better stocking-stuffers than the more consumer-focused giants.","news_type":1},"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690167378,"gmtCreate":1639647919063,"gmtModify":1639647919179,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Pretty clear that the writer doesn’t understand what’s happening with Apple in the next few years.","listText":"Pretty clear that the writer doesn’t understand what’s happening with Apple in the next few years.","text":"Pretty clear that the writer doesn’t understand what’s happening with Apple in the next few years.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690167378","repostId":"1131877933","repostType":2,"repost":{"id":"1131877933","pubTimestamp":1639613067,"share":"https://www.laohu8.com/m/news/1131877933?lang=&edition=full","pubTime":"2021-12-16 08:04","market":"us","language":"en","title":"Apple Stock Is Now A Bubble","url":"https://stock-news.laohu8.com/highlight/detail?id=1131877933","media":"seekingalpha","summary":"Summary\n\nApple's stock has reached unprecedented levels without a corresponding increase in the busi","content":"<p>Summary</p>\n<ul>\n <li>Apple's stock has reached unprecedented levels without a corresponding increase in the business.</li>\n <li>In particular, Apple has surged 20% in six weeks after a so-so earnings report in October.</li>\n <li>While it's impossible to tell how far momentum will carry Apple, the value of the stock increasingly relies on highly speculative assumptions such as virtual reality and the Apple car.</li>\n <li>Apple faces challenges in 2022 ranging from antitrust to supply chain to a softening American consumer.</li>\n <li>Apple used to be my biggest holding, and I've never put an outright sell call on the stock, but now is the time.</li>\n</ul>\n<p></p>\n<p></p>\n<p><b>Apple's Stock Has Come Unhinged From Its Business</b></p>\n<p>Many Seeking Alpha readers will consider saying this as the height of blasphemy, but Apple Inc. (AAPL) - the world's most valuable company and symbol of American capitalism - has become the subject of a speculative bubble. Apple's price is now far higher than its business fundamentals justify without resorting to overly optimistic projections of the future. Apple turned in a so-so earnings report in October, after which the stock surged to all-time highs. Additionally, this is only anecdotal, but the local Apple stores here in Texas haven't been quite as busy as I would expect before Christmas.</p>\n<p></p>\n<p>Some observers have linked the surge in Apple to speculators buying short-dated call options in the stock, a behavior more commonly seen in meme stocks like GameStop (GME) and AMC Entertainment (AMC). This would make sense because the recent $500 billion surge in market cap doesn't when based on the reality on the ground. Apple now trades for over 30x earnings, with the analyst consensus earnings estimates expecting a peak this year or slow growth at best.</p>\n<p></p>\n<p><b>Analyst Predictions Are Increasingly Abstract</b></p>\n<p>If the present numbers are so-so, why is Apple stock surging ahead of the profits the company is making? Recent analyst reports seem to love to emphasize the abstract, such as virtual reality, the \"metaverse\", and the prospect of an Apple car.</p>\n<p></p>\n<p>Virtual reality is interesting, but as someone who has played around with the technology (I walked the plank), it was pretty fun, but it didn't change my life. Having a friend own one is as good as owning one yourself-a key contrast with iPhone. Take Meta (FB), the corporation formerly known as Facebook. Meta has sold about 10 million Oculus VR headsets. The sets start at $300, so I figure that at a 30% margin they made about a billion dollars from it. A billion dollars is a lot of money, but it's a lot less than $2.8 trillion (1/2800th to be exact of Apple's market cap). I would expect Apple to make a play in virtual reality, but I would not expect fireworks here from an earnings perspective.</p>\n<p>The metaverse is another curiosity here. Silicon Valley has been crushed by whistleblowers as of late, so what better way to get the attention off of antitrust issues, employment issues, and societal issues than to put your smartest marketing people in a room for a couple of days until they come up with something you can launch a huge PR campaign with? Apple isn't the main driver of social problems coming out of Silicon Valley, but I would not have high expectations for the profit potential of the Metaverse- most of the use cases tossed around seem indistinguishable from using FaceTime.</p>\n<p>There's a huge amount of interest in electric cars right now, so the best way to get some hype into a company (besides putting Bitcoin on your corporate balance sheet) is to generate speculation that you might produce an electric car. Apple has ample R&amp;D resources, but to enter the car business for them makes about as much sense to me as starting an Apple Airline. The car business is notorious for being labor and capital-intensive and for having low margins. Apple could simply license a car, but are manufacturers going to be willing to shell out the royalties Apple wants, and is Apple comfortable dealing with potential brand issues if the car ends up having recalls or safety issues? I don't think the car business is a good fit for Apple's expertise in consumer electronics.</p>\n<p><b>Apple's Challenges For 2022 And Beyond</b></p>\n<p>1. Whether earnings estimates are realistic without continued fiscal stimulus is an issue for the whole US economy, but a particularly thorny one for consumer-facing companies like Apple. Apple had its best year ever in 2021 as consumers were flush with cash from government stimulus. All of these concerns aren't specific to Apple, but they do affect the company.</p>\n<p></p>\n<p>2. The central question for 2022 and beyond is whether Apple's pre-pandemic earnings in the $3 per share range or so are more indicative of long-term demand for Apple products, or whether the $5.67 per share that they earned in 2021 is the new normal. I believe the earnings estimates for the stock market at large are too high for 2022 in the absence of stimulus spending. (i.e., the typical American household made a ballpark of $60,000 post-tax in 2021, but $10,000 of this was directly or indirectly from the stimulus, such as the three rounds of checks, expanded unemployment, the student loan pause, etc.). As it turns out, if you give the typical American family an extra $10,000 to spend that they don't have to work for, statistically, many of these people will upgrade their iPhones. Going forward, consumers will only be able to spend what they actually earn. Apple has positive tailwinds from services revenue, but I don't think they can sustain iPhone sales at anywhere near the level they have achieved in 2021. I'd guess Apple earns somewhere between $4.50 and $5.00 in 2022.</p>\n<p></p>\n<p>3. Apple cited the supply chain as a challenge in their last quarterly earnings conference call. I think the supply chain will be less of an issue in 2022 than it has been in 2021, but because consumer demand is lower in the face of falling inflation-adjusted wages and no more stimulus. This said, chip shortages will not help Apple's cause, and the longer they go on, the more it caps Apple's upside earnings.</p>\n<p></p>\n<p>4. Apple's golden goose is services revenue. Increasingly, however, Apple is running up against antitrust laws. We've seen Apple cut App store fees recently under pressure from regulators, and we've seen Apple and Google (GOOG) get scrutiny for the $15 billion or so that Google will pay Apple this year for the right to be the default search engine. Apple makes more from their deal with Google than they likely ever will from the Metaverse. The risk is that regulators in the US or EU end up pushing back on this and cutting off the flow of money here. This deal is worth about 1/6th of Apple's net income for the year, and even more if iPhone sales slow.</p>\n<p></p>\n<p>5. Apple's earnings per share growth has been driven in large part by buybacks. When Apple traded at a 10-12x PE throughout most of the 2010s, this allowed Apple to get huge returns on shares it bought back. With the PE ratio over 30x now, this strategy is only 1/3rd as effective, and dependent on the business to continue to outperform at levels that are historically very hard to achieve. I'd rather see Apple pay a dividend here.</p>\n<p></p>\n<p>6. Believe it or not, Apple traded at a discount to the S&amp;P 500 PE ratio for much of the 2010s. Now it trades for a large premium. I generally don't make market calls based on sentiment, but I think a PE ratio closer to the S&amp;P 500 at large (20x or so) is more appropriate than a large premium. There's no particular reason the market will enforce this, but that's where I feel is correct based on Apple's underlying business. This would put the stock price around $100, and that's about where I would buy the stock.</p>\n<p></p>\n<p></p>\n<p><b>Conclusion</b></p>\n<p>Since late 2019, Apple stock has been on an epic bull run. Had this run been fully reflected in the long-run success of the business, this wouldn't be too worrisome. But with Apple's valuation increasingly reaching exuberant levels while concerns about the sustainability of its earnings mount, Apple's stock has the dual problem of having earnings estimates that will be hard to live up to and having a high valuation on top of it. Formerly my largest holding, Apple looks like it's in a bubble here after its November gamma squeeze. Apple's business is going to have a very difficult time living up to the sky-high expectations for the stock.</p>","source":"lsy1638401102509","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Is Now A Bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Is Now A Bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 08:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4475237-apple-stock-is-now-a-bubble><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple's stock has reached unprecedented levels without a corresponding increase in the business.\nIn particular, Apple has surged 20% in six weeks after a so-so earnings report in October.\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4475237-apple-stock-is-now-a-bubble\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4475237-apple-stock-is-now-a-bubble","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131877933","content_text":"Summary\n\nApple's stock has reached unprecedented levels without a corresponding increase in the business.\nIn particular, Apple has surged 20% in six weeks after a so-so earnings report in October.\nWhile it's impossible to tell how far momentum will carry Apple, the value of the stock increasingly relies on highly speculative assumptions such as virtual reality and the Apple car.\nApple faces challenges in 2022 ranging from antitrust to supply chain to a softening American consumer.\nApple used to be my biggest holding, and I've never put an outright sell call on the stock, but now is the time.\n\n\n\nApple's Stock Has Come Unhinged From Its Business\nMany Seeking Alpha readers will consider saying this as the height of blasphemy, but Apple Inc. (AAPL) - the world's most valuable company and symbol of American capitalism - has become the subject of a speculative bubble. Apple's price is now far higher than its business fundamentals justify without resorting to overly optimistic projections of the future. Apple turned in a so-so earnings report in October, after which the stock surged to all-time highs. Additionally, this is only anecdotal, but the local Apple stores here in Texas haven't been quite as busy as I would expect before Christmas.\n\nSome observers have linked the surge in Apple to speculators buying short-dated call options in the stock, a behavior more commonly seen in meme stocks like GameStop (GME) and AMC Entertainment (AMC). This would make sense because the recent $500 billion surge in market cap doesn't when based on the reality on the ground. Apple now trades for over 30x earnings, with the analyst consensus earnings estimates expecting a peak this year or slow growth at best.\n\nAnalyst Predictions Are Increasingly Abstract\nIf the present numbers are so-so, why is Apple stock surging ahead of the profits the company is making? Recent analyst reports seem to love to emphasize the abstract, such as virtual reality, the \"metaverse\", and the prospect of an Apple car.\n\nVirtual reality is interesting, but as someone who has played around with the technology (I walked the plank), it was pretty fun, but it didn't change my life. Having a friend own one is as good as owning one yourself-a key contrast with iPhone. Take Meta (FB), the corporation formerly known as Facebook. Meta has sold about 10 million Oculus VR headsets. The sets start at $300, so I figure that at a 30% margin they made about a billion dollars from it. A billion dollars is a lot of money, but it's a lot less than $2.8 trillion (1/2800th to be exact of Apple's market cap). I would expect Apple to make a play in virtual reality, but I would not expect fireworks here from an earnings perspective.\nThe metaverse is another curiosity here. Silicon Valley has been crushed by whistleblowers as of late, so what better way to get the attention off of antitrust issues, employment issues, and societal issues than to put your smartest marketing people in a room for a couple of days until they come up with something you can launch a huge PR campaign with? Apple isn't the main driver of social problems coming out of Silicon Valley, but I would not have high expectations for the profit potential of the Metaverse- most of the use cases tossed around seem indistinguishable from using FaceTime.\nThere's a huge amount of interest in electric cars right now, so the best way to get some hype into a company (besides putting Bitcoin on your corporate balance sheet) is to generate speculation that you might produce an electric car. Apple has ample R&D resources, but to enter the car business for them makes about as much sense to me as starting an Apple Airline. The car business is notorious for being labor and capital-intensive and for having low margins. Apple could simply license a car, but are manufacturers going to be willing to shell out the royalties Apple wants, and is Apple comfortable dealing with potential brand issues if the car ends up having recalls or safety issues? I don't think the car business is a good fit for Apple's expertise in consumer electronics.\nApple's Challenges For 2022 And Beyond\n1. Whether earnings estimates are realistic without continued fiscal stimulus is an issue for the whole US economy, but a particularly thorny one for consumer-facing companies like Apple. Apple had its best year ever in 2021 as consumers were flush with cash from government stimulus. All of these concerns aren't specific to Apple, but they do affect the company.\n\n2. The central question for 2022 and beyond is whether Apple's pre-pandemic earnings in the $3 per share range or so are more indicative of long-term demand for Apple products, or whether the $5.67 per share that they earned in 2021 is the new normal. I believe the earnings estimates for the stock market at large are too high for 2022 in the absence of stimulus spending. (i.e., the typical American household made a ballpark of $60,000 post-tax in 2021, but $10,000 of this was directly or indirectly from the stimulus, such as the three rounds of checks, expanded unemployment, the student loan pause, etc.). As it turns out, if you give the typical American family an extra $10,000 to spend that they don't have to work for, statistically, many of these people will upgrade their iPhones. Going forward, consumers will only be able to spend what they actually earn. Apple has positive tailwinds from services revenue, but I don't think they can sustain iPhone sales at anywhere near the level they have achieved in 2021. I'd guess Apple earns somewhere between $4.50 and $5.00 in 2022.\n\n3. Apple cited the supply chain as a challenge in their last quarterly earnings conference call. I think the supply chain will be less of an issue in 2022 than it has been in 2021, but because consumer demand is lower in the face of falling inflation-adjusted wages and no more stimulus. This said, chip shortages will not help Apple's cause, and the longer they go on, the more it caps Apple's upside earnings.\n\n4. Apple's golden goose is services revenue. Increasingly, however, Apple is running up against antitrust laws. We've seen Apple cut App store fees recently under pressure from regulators, and we've seen Apple and Google (GOOG) get scrutiny for the $15 billion or so that Google will pay Apple this year for the right to be the default search engine. Apple makes more from their deal with Google than they likely ever will from the Metaverse. The risk is that regulators in the US or EU end up pushing back on this and cutting off the flow of money here. This deal is worth about 1/6th of Apple's net income for the year, and even more if iPhone sales slow.\n\n5. Apple's earnings per share growth has been driven in large part by buybacks. When Apple traded at a 10-12x PE throughout most of the 2010s, this allowed Apple to get huge returns on shares it bought back. With the PE ratio over 30x now, this strategy is only 1/3rd as effective, and dependent on the business to continue to outperform at levels that are historically very hard to achieve. I'd rather see Apple pay a dividend here.\n\n6. Believe it or not, Apple traded at a discount to the S&P 500 PE ratio for much of the 2010s. Now it trades for a large premium. I generally don't make market calls based on sentiment, but I think a PE ratio closer to the S&P 500 at large (20x or so) is more appropriate than a large premium. There's no particular reason the market will enforce this, but that's where I feel is correct based on Apple's underlying business. This would put the stock price around $100, and that's about where I would buy the stock.\n\n\nConclusion\nSince late 2019, Apple stock has been on an epic bull run. Had this run been fully reflected in the long-run success of the business, this wouldn't be too worrisome. But with Apple's valuation increasingly reaching exuberant levels while concerns about the sustainability of its earnings mount, Apple's stock has the dual problem of having earnings estimates that will be hard to live up to and having a high valuation on top of it. Formerly my largest holding, Apple looks like it's in a bubble here after its November gamma squeeze. Apple's business is going to have a very difficult time living up to the sky-high expectations for the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606030219,"gmtCreate":1638799640081,"gmtModify":1638800048999,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Guys, please don’t just lean on the headlines. If you go and read all the analyst estimates, you will notice that there is a range. Bullish $191 case is a veryvery very high target.I’m Long AAPL, but I just want to say… don’t go inunless you’re clear about what you’re buying.","listText":"Guys, please don’t just lean on the headlines. If you go and read all the analyst estimates, you will notice that there is a range. Bullish $191 case is a veryvery very high target.I’m Long AAPL, but I just want to say… don’t go inunless you’re clear about what you’re buying.","text":"Guys, please don’t just lean on the headlines. If you go and read all the analyst estimates, you will notice that there is a range. Bullish $191 case is a veryvery very high target.I’m Long AAPL, but I just want to say… don’t go inunless you’re clear about what you’re buying.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606030219","repostId":"1107494736","repostType":2,"repost":{"id":"1107494736","pubTimestamp":1638799191,"share":"https://www.laohu8.com/m/news/1107494736?lang=&edition=full","pubTime":"2021-12-06 21:59","market":"us","language":"en","title":"Apple Stock Is an Attractive Buy, Says KeyBanc. Price Target Set at $191.","url":"https://stock-news.laohu8.com/highlight/detail?id=1107494736","media":"Barrons","summary":"Apple shares were rising Monday after analysts at KeyBanc Capital Markets initiated coverage on the ","content":"<p>Apple&nbsp;shares were rising Monday after analysts at KeyBanc Capital Markets initiated coverage on the stock with a bullish outlook, citing growth in the tech giant’s services segment.</p>\n<p>Analyst Brandon Nispel rated the stock Overweight with a $191 price target. The target presents an 18% increase from Apple’s (ticker: AAPL) $161.84 closing price on Friday. The stock was up 1.2% to $163.73 in premarket trading Monday.</p>\n<p>Of the 42 analysts covering the stock surveyed by FactSet, 32 have it at a Buy or Overweight rating, nine rated it at Hold, and one rated it Underweight.</p>\n<p>“While AAPL is expensive by historical valuations, we find AAPL attractive relative to other mega-caps,” Nispel wrote on Monday.</p>\n<p>The analyst outlined three main reasons for his bullish take. Nispel doesn’t believe iPhone unit sales have peaked, with the 5G upgrade cycle potentially pushing Apple past its current peak; he believes the company has managed to increase its product breadth to reduce reliability on iPhone sales; and he foresees services to grow at rates multiple times faster than user growth.</p>\n<p>The analyst forecasts Apple to have 1.09 billion active iPhones and 1.8 billion active installed devices by the end of the first quarter of the 2022 fiscal year. This presents a 7% and 8% year-over-year increase, respectively.</p>\n<p>“This shows a healthy growing user base where Apple iPhone market share is low relative to key geographies outside the United States,” Nispel wrote. “As the installed base grows, a larger base can support more sales on lower upgrade rates.”</p>\n<p>Apple’s international segment is likely to grow faster in the coming years as other countries adapt to 5G, prompting a wave of upgrades to compatible hardware, Nispel wrote. He estimates every 1% increase in 5G upgrade rates could drive an incremental 11 million iPhone unit sales.</p>\n<p>As hardware adoption grows, so does Apple’s services business. The segment, which includes services such as Apple TV+, Music, News+, AppleCare, Advertising, and Cloud, has grown 27% in the 2021 fiscal year. Over time, it could become a key profitability driver, growing to more than $100 billion by 2024, Nispel said.</p>\n<p>Nispel recognized that Apple’s App Store legal battles were concerning, but were “likely more a bend, not break outcome.” The company has had to make modest changes to its App Store guidance in response to court rulings and regulatory changes, including lowering its commission for some developers. It will likely make more concessions over time, such as allowing developers to provide third-party payment options, Nispel said.</p>\n<p>“We expect regulation to take time to implement, and believe Apple’s competitive advantage is unlikely to be substantially harmed,” he added.</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>Apple Stock Is an Attractive Buy, Says KeyBanc. Price Target Set at $191.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Is an Attractive Buy, Says KeyBanc. Price Target Set at $191.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-06 21:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/apple-aapl-stock-attractive-buy-51638798446?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple shares were rising Monday after analysts at KeyBanc Capital Markets initiated coverage on the stock with a bullish outlook, citing growth in the tech giant’s services segment.\nAnalyst Brandon ...</p>\n\n<a href=\"https://www.barrons.com/articles/apple-aapl-stock-attractive-buy-51638798446?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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/apple-aapl-stock-attractive-buy-51638798446?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107494736","content_text":"Apple shares were rising Monday after analysts at KeyBanc Capital Markets initiated coverage on the stock with a bullish outlook, citing growth in the tech giant’s services segment.\nAnalyst Brandon Nispel rated the stock Overweight with a $191 price target. The target presents an 18% increase from Apple’s (ticker: AAPL) $161.84 closing price on Friday. The stock was up 1.2% to $163.73 in premarket trading Monday.\nOf the 42 analysts covering the stock surveyed by FactSet, 32 have it at a Buy or Overweight rating, nine rated it at Hold, and one rated it Underweight.\n“While AAPL is expensive by historical valuations, we find AAPL attractive relative to other mega-caps,” Nispel wrote on Monday.\nThe analyst outlined three main reasons for his bullish take. Nispel doesn’t believe iPhone unit sales have peaked, with the 5G upgrade cycle potentially pushing Apple past its current peak; he believes the company has managed to increase its product breadth to reduce reliability on iPhone sales; and he foresees services to grow at rates multiple times faster than user growth.\nThe analyst forecasts Apple to have 1.09 billion active iPhones and 1.8 billion active installed devices by the end of the first quarter of the 2022 fiscal year. This presents a 7% and 8% year-over-year increase, respectively.\n“This shows a healthy growing user base where Apple iPhone market share is low relative to key geographies outside the United States,” Nispel wrote. “As the installed base grows, a larger base can support more sales on lower upgrade rates.”\nApple’s international segment is likely to grow faster in the coming years as other countries adapt to 5G, prompting a wave of upgrades to compatible hardware, Nispel wrote. He estimates every 1% increase in 5G upgrade rates could drive an incremental 11 million iPhone unit sales.\nAs hardware adoption grows, so does Apple’s services business. The segment, which includes services such as Apple TV+, Music, News+, AppleCare, Advertising, and Cloud, has grown 27% in the 2021 fiscal year. Over time, it could become a key profitability driver, growing to more than $100 billion by 2024, Nispel said.\nNispel recognized that Apple’s App Store legal battles were concerning, but were “likely more a bend, not break outcome.” The company has had to make modest changes to its App Store guidance in response to court rulings and regulatory changes, including lowering its commission for some developers. It will likely make more concessions over time, such as allowing developers to provide third-party payment options, Nispel said.\n“We expect regulation to take time to implement, and believe Apple’s competitive advantage is unlikely to be substantially harmed,” he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879682848,"gmtCreate":1636717328072,"gmtModify":1636717328197,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Buy the dip then…","listText":"Buy the dip then…","text":"Buy the dip then…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/879682848","repostId":"1101762629","repostType":2,"repost":{"id":"1101762629","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":1636715542,"share":"https://www.laohu8.com/m/news/1101762629?lang=&edition=full","pubTime":"2021-11-12 19:12","market":"us","language":"en","title":"Musk further sold Tesla shares on November 11","url":"https://stock-news.laohu8.com/highlight/detail?id=1101762629","media":"Tiger Newspress","summary":"Musk further sold Tesla shares on November 11, according to the SEC files.","content":"<p>Musk further sold Tesla shares on November 11,&nbsp;according to the SEC files.</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>Musk further sold Tesla shares on November 11</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\">\nMusk further sold Tesla shares on November 11\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\">2021-11-12 19:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Musk further sold Tesla shares on November 11,&nbsp;according to the SEC files.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101762629","content_text":"Musk further sold Tesla shares on November 11, according to the SEC files.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847298428,"gmtCreate":1636520277532,"gmtModify":1636520277659,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Apes strong together","listText":"Apes strong together","text":"Apes strong together","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847298428","repostId":"1156695981","repostType":2,"repost":{"id":"1156695981","pubTimestamp":1636514367,"share":"https://www.laohu8.com/m/news/1156695981?lang=&edition=full","pubTime":"2021-11-10 11:19","market":"us","language":"en","title":"The Fed thinks meme stocks threaten the financial structure","url":"https://stock-news.laohu8.com/highlight/detail?id=1156695981","media":"Marketwatch","summary":"After some detailed research, the Federal Reserve said on Monday thatit is beginning to worrythat th","content":"<p>After some detailed research, the Federal Reserve said on Monday thatit is beginning to worrythat the recent and unprecedented volatility in meme stocks like GameStop&nbsp;and AMC Entertainment&nbsp;are creating pockets of risk inside markets that could create real problems for the entire U.S. financial system.</p>\n<p>On Tuesday, many of the self-professed “Apes” who created that volatility reacted to the Fed’s concern about meme stocks in a way best represented by, well, a meme:</p>\n<p>Based on actual textfrom the Fed’s most recent financial stability report, zero-commission trading apps and investors using social media to coordinate their trades have created a weaponized “echo chamber in which retail investors find themselves communicating most frequently with others with similar interests and views.”</p>\n<p>In turn, the report found, those like-minded investors create huge waves of volatility and risk that could create real issues for the markets and the financial system in a downturn, especially with so many of these mostly younger retail investors exposing themselves to massive losses using leverage and options to execute their trades.</p>\n<p>But that risk also can be felt elsewhere. Fed Gov. Lael Brainard wrote in a statement accompanying the report that it has already been seen inthe Archegos Capital Management meltdownsaga and could spread.</p>\n<p>“It highlights the potential for nonbank financial institutions such as hedge funds and other leveraged investors to generate large losses in the financial system,” Brainard wrote on Monday.</p>\n<p>But while that warning — whichwasn’t Brainard’s first timeringing the alarm on the topic — might have been of concern for Wall Street, retail investors were unshaken.</p>\n<p>Instead, many retail investors on social media spent Tuesday telling the Fed that using stocks to upend the existing structure of the financial system, by making hedge funds bleed, has been one of their goals all along, using the volatility to reveal what they see as widespread corruption.</p>\n<p>After all, it’s been no secret that Reddit’s Apes would like nothing more than to see hedge funds crippled by their own actions. Many individuals also expect the end result of that destruction to be a fairer system in which the little guy can thrive.</p>\n<p>“How is it that the ultra rich can basically GAMBLE in the stock market with over-leveraged positions, Dark Pools, insider information, etc. for YEARS and there is nothing to worry about,” read one very popular post on subreddit r/Superstonk.</p>\n<p>“Yeah, these are pretty big words coming from an entity that printed 33% of money into existence in a year and then claimed that it wouldn’t lead to long term inflation,” opined user doned_mest_up. “They don’t quite yield the power over the economy that Reddit does, I suppose.”</p>\n<p>But regardless of how Redditors or other retail investors feel, it is worth noting that Brainard’s involvement in the report should not be taken lightly. It has been recently reported thatshe has interviewed for the top job at the Fedand her chairmanship could include a much closer look at retail trading than Chairman Jerome Powell’s has so far.</p>","source":"lsy1603348471595","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 Fed thinks meme stocks threaten the financial structure</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\">\nThe Fed thinks meme stocks threaten the financial structure\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-10 11:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-fed-thinks-meme-stocks-threaten-the-financial-structure-retail-investors-say-thats-kind-of-the-point-11636498740?mod=home-page><strong>Marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After some detailed research, the Federal Reserve said on Monday thatit is beginning to worrythat the recent and unprecedented volatility in meme stocks like GameStop and AMC Entertainment are ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-fed-thinks-meme-stocks-threaten-the-financial-structure-retail-investors-say-thats-kind-of-the-point-11636498740?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","AMC":"AMC院线"},"source_url":"https://www.marketwatch.com/story/the-fed-thinks-meme-stocks-threaten-the-financial-structure-retail-investors-say-thats-kind-of-the-point-11636498740?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156695981","content_text":"After some detailed research, the Federal Reserve said on Monday thatit is beginning to worrythat the recent and unprecedented volatility in meme stocks like GameStop and AMC Entertainment are creating pockets of risk inside markets that could create real problems for the entire U.S. financial system.\nOn Tuesday, many of the self-professed “Apes” who created that volatility reacted to the Fed’s concern about meme stocks in a way best represented by, well, a meme:\nBased on actual textfrom the Fed’s most recent financial stability report, zero-commission trading apps and investors using social media to coordinate their trades have created a weaponized “echo chamber in which retail investors find themselves communicating most frequently with others with similar interests and views.”\nIn turn, the report found, those like-minded investors create huge waves of volatility and risk that could create real issues for the markets and the financial system in a downturn, especially with so many of these mostly younger retail investors exposing themselves to massive losses using leverage and options to execute their trades.\nBut that risk also can be felt elsewhere. Fed Gov. Lael Brainard wrote in a statement accompanying the report that it has already been seen inthe Archegos Capital Management meltdownsaga and could spread.\n“It highlights the potential for nonbank financial institutions such as hedge funds and other leveraged investors to generate large losses in the financial system,” Brainard wrote on Monday.\nBut while that warning — whichwasn’t Brainard’s first timeringing the alarm on the topic — might have been of concern for Wall Street, retail investors were unshaken.\nInstead, many retail investors on social media spent Tuesday telling the Fed that using stocks to upend the existing structure of the financial system, by making hedge funds bleed, has been one of their goals all along, using the volatility to reveal what they see as widespread corruption.\nAfter all, it’s been no secret that Reddit’s Apes would like nothing more than to see hedge funds crippled by their own actions. Many individuals also expect the end result of that destruction to be a fairer system in which the little guy can thrive.\n“How is it that the ultra rich can basically GAMBLE in the stock market with over-leveraged positions, Dark Pools, insider information, etc. for YEARS and there is nothing to worry about,” read one very popular post on subreddit r/Superstonk.\n“Yeah, these are pretty big words coming from an entity that printed 33% of money into existence in a year and then claimed that it wouldn’t lead to long term inflation,” opined user doned_mest_up. “They don’t quite yield the power over the economy that Reddit does, I suppose.”\nBut regardless of how Redditors or other retail investors feel, it is worth noting that Brainard’s involvement in the report should not be taken lightly. It has been recently reported thatshe has interviewed for the top job at the Fedand her chairmanship could include a much closer look at retail trading than Chairman Jerome Powell’s has so far.","news_type":1},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":848991114,"gmtCreate":1635951878433,"gmtModify":1635951878532,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>let’s gooooooo","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>let’s gooooooo","text":"$Palantir Technologies Inc.(PLTR)$let’s gooooooo","images":[{"img":"https://static.tigerbbs.com/654b563978058a3424df03d0b655a3c6","width":"1284","height":"2778"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/848991114","isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0}],"lives":[]}