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lrjk1985

lrjk1985

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2021-12-12

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

2021-12-20

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

抱歉，原内容已删除

2021-12-18

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

抱歉，原内容已删除

2021-09-12

Interesting….

US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week

2021-12-14

I’ve never doubted MSFT

Why Microsoft Stock Is The Ultimate Buy And Hold

2021-09-15

Micro movements are not as important as the bigger picture. For investors, look at the pipeline and margins

Apple shares rose 0.4% in premarket trading

2021-12-16

Probably will. To take profit too!

抱歉，原内容已删除

2021-12-16

This would be interesting!

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

2021-08-25

Excellent!

TSMC shares up on price increase; company declines to comment

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'

2021-07-01

It’s good to plonk abit into AAPL. I love it because the company does do consistent, increasing revenue.

Apple: Act Quickly Before The Run To $172

2021-06-26

I think it’s a matter of time before BABA breaks $300

Alibaba: Can BABA Get Back To $300? Yes, It Can

2021-12-21

Wow that is good news

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

2021-10-28

$Palantir Technologies Inc.(PLTR)$Woot woot

2021-07-02

This is why it’s hard to invest in Chinese stocks.

抱歉，原内容已删除

2021-06-29

This is why I’m Long NVDA

Nvidia shares rose more than 5% to a new high

2021-05-16

$Palantir Technologies Inc.(PLTR)$Let’s gooooo

2021-05-11

Stay strong. This won’t last...

Wall Street closes lower as inflation fears prompt tech sell-off

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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":1129,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":{"BK4534":"瑞士信贷持仓","TSLA":"特斯拉","BK4527":"明星科技股","BK4551":"寇图资本持仓","BK4550":"红杉资本持仓","BK4555":"新能源车","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓"},"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":993,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":{"BK4534":"瑞士信贷持仓","BK4559":"巴菲特持仓","BRK.A":"伯克希尔","BAC":"美国银行","BK4176":"多领域控股","USB":"美国合众银行","BK4166":"消费信贷","BRK.B":"伯克希尔B","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4504":"桥水持仓","BK4207":"综合性银行","AXP":"美国运通","BK4553":"喜马拉雅资本持仓"},"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":670,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":1187,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":{"AAPL":"苹果","BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"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":895,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":880,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":733,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":1507,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":770,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":1042,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":442,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 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":{"AMC":"AMC院线","GME":"游戏驿站"},"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":391,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":364,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":{"AAPL":"苹果","NOW":"ServiceNow","TEAM":"Atlassian Corporation PLC","AMZN":"亚马逊","MSFT":"微软"},"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":343,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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,"isVote":1,"tweetType":1,"viewCount":152,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":882293595,"gmtCreate":1631693549417,"gmtModify":1631888960938,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"Micro movements are not as important as the bigger picture. For investors, look at the pipeline and margins","listText":"Micro movements are not as important as the bigger picture. For investors, look at the pipeline and margins","text":"Micro movements are not as important as the bigger picture. For investors, look at the pipeline and margins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/882293595","repostId":"1108272392","repostType":4,"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3585043179154199","authorId":"3585043179154199","name":"jacksoncheng","avatar":"https://static.tigerbbs.com/15cea2a12fcc802fa3161c7165a892de","crmLevel":2,"crmLevelSwitch":0,"idStr":"3585043179154199","authorIdStr":"3585043179154199"},"content":"exactly it is just noise. I think people are generally so stupid to focus on some low single digit premarket movement","text":"exactly it is just noise. I think people are generally so stupid to focus on some low single digit premarket movement","html":"exactly it is just noise. I think people are generally so stupid to focus on some low single digit premarket movement"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882155597,"gmtCreate":1631669194819,"gmtModify":1631888960938,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"This is the kind of dip I buy.","listText":"This is the kind of dip I buy.","text":"This is the kind of dip I buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/882155597","repostId":"2167551306","repostType":4,"repost":{"id":"2167551306","pubTimestamp":1631630765,"share":"https://www.laohu8.com/m/news/2167551306?lang=&edition=full","pubTime":"2021-09-14 22:46","market":"us","language":"en","title":"Apple’s iPhone Events Are Usually Gloomy Days for Its Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2167551306","media":"Bloomberg","summary":"Shares have fallen 75% of the time on iPhone unveiling days\nEvent comes after the App Store ruling t","content":"<ul>\n <li>Shares have fallen 75% of the time on iPhone unveiling days</li>\n <li>Event comes after the App Store ruling that sank its stock</li>\n</ul>\n<p>Apple Inc. shareholders looking to recoup losses from last week’s App Store ruling shouldn’t expect much help from its iPhone event on Tuesday, if history is any guide.</p>\n<p>The technology giant’s shares have fallen on three-quarters of the days Apple has unveiled new iPhones, according to data compiled by Bloomberg. Excluding Apple’s 8.3% rally on the day co-founder Steve Jobs announced the first iPhone in 2007, Apple shares have fallen an average of 0.8% the day of a debut.</p>\n<p>The poor performance is probably the result of investors becoming accustomed to regular innovation from Apple and many of the details being reported prior to the presentations, according to Bespoke Investment Group.</p>\n<p>“Any positive impact of a new release has typically already been priced into the stock,” the research company said in a note to clients on Monday.</p>\n<p><img src=\"https://static.tigerbbs.com/14d42e478ad3455d83d6c835d62ebcab\" tg-width=\"952\" tg-height=\"554\" width=\"100%\" height=\"auto\"></p>\n<p>Apple shares have posted double-digit gains this year, on pace for its third annual climb, boosted by investor optimism on its growth outlook. But the stock took a hit last week after a federal judge ordered the company to alter its App Store business model.</p>\n<p>The shares posted their biggest drop in four months after the ruling, with the selloff at one point wiping out $85 billion market value from the company. The stock was 0.2% higher on Tuesday in morning trading in New York.</p>\n<p>Still, Wall Street is sanguine on the stock.</p>\n<p>About 80% of 47 analysts covering Apple have a buy rating on the shares, with only two recommending to sell it, according to data compiled by Bloomberg. On average, they expect Apple to climb another 11% over the next 12 months as of Monday’s closing price.</p>\n<p>In addition to introducing a lineup of iPhones with new camera features and faster processors, Apple is expected to show off new watches and AirPods. The Cupertino, California-based company’s presentation is scheduled to begin at 10 a.m. local time.</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>Apple’s iPhone Events Are Usually Gloomy Days for Its Stock</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’s iPhone Events Are Usually Gloomy Days for Its Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 22:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-09-14/apple-s-iphone-events-are-usually-gloomy-days-for-its-stock?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares have fallen 75% of the time on iPhone unveiling days\nEvent comes after the App Store ruling that sank its stock\n\nApple Inc. shareholders looking to recoup losses from last week’s App Store ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-09-14/apple-s-iphone-events-are-usually-gloomy-days-for-its-stock?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":{"AAPL":"苹果"},"source_url":"https://www.bloomberg.com/news/articles/2021-09-14/apple-s-iphone-events-are-usually-gloomy-days-for-its-stock?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167551306","content_text":"Shares have fallen 75% of the time on iPhone unveiling days\nEvent comes after the App Store ruling that sank its stock\n\nApple Inc. shareholders looking to recoup losses from last week’s App Store ruling shouldn’t expect much help from its iPhone event on Tuesday, if history is any guide.\nThe technology giant’s shares have fallen on three-quarters of the days Apple has unveiled new iPhones, according to data compiled by Bloomberg. Excluding Apple’s 8.3% rally on the day co-founder Steve Jobs announced the first iPhone in 2007, Apple shares have fallen an average of 0.8% the day of a debut.\nThe poor performance is probably the result of investors becoming accustomed to regular innovation from Apple and many of the details being reported prior to the presentations, according to Bespoke Investment Group.\n“Any positive impact of a new release has typically already been priced into the stock,” the research company said in a note to clients on Monday.\n\nApple shares have posted double-digit gains this year, on pace for its third annual climb, boosted by investor optimism on its growth outlook. But the stock took a hit last week after a federal judge ordered the company to alter its App Store business model.\nThe shares posted their biggest drop in four months after the ruling, with the selloff at one point wiping out $85 billion market value from the company. The stock was 0.2% higher on Tuesday in morning trading in New York.\nStill, Wall Street is sanguine on the stock.\nAbout 80% of 47 analysts covering Apple have a buy rating on the shares, with only two recommending to sell it, according to data compiled by Bloomberg. On average, they expect Apple to climb another 11% over the next 12 months as of Monday’s closing price.\nIn addition to introducing a lineup of iPhones with new camera features and faster processors, Apple is expected to show off new watches and AirPods. The Cupertino, California-based company’s presentation is scheduled to begin at 10 a.m. local time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888942373,"gmtCreate":1631426793392,"gmtModify":1631888960940,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"$148? Buy.","listText":"$148? Buy.","text":"$148? Buy.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/888942373","repostId":"1101906502","repostType":4,"repost":{"id":"1101906502","pubTimestamp":1631407634,"share":"https://www.laohu8.com/m/news/1101906502?lang=&edition=full","pubTime":"2021-09-12 08:47","market":"us","language":"en","title":"Buy or Sell Apple Stock Ahead of iPhone Event?","url":"https://stock-news.laohu8.com/highlight/detail?id=1101906502","media":"TheStreet","summary":"Apple stock was under pressure on Friday, with its iPhone event just days away. Here's how to trade the stock from here.Shares of Apple Report fell $5.10, or 3.31%, to end at $148.97 Friday, as investors digested recent news and prepared for the iPhone event next week.On Sept. 14, the company will hold a virtual event to introduce the new device. Dubbed “California Streaming,” it’s expected that Apple will introduce its new iPhone and Apple Watch.However, Apple remains in the news for other reas","content":"<p>Apple stock was under pressure on Friday, with its iPhone event just days away. Here's how to trade the stock from here.</p>\n<p>Shares of Apple&nbsp;Report&nbsp;fell $5.10, or 3.31%, to end at $148.97 Friday, as investors digested recent news and prepared for the iPhone event next week.</p>\n<p>On Sept. 14, the company will&nbsp;hold a virtual event to introduce&nbsp;the new device. Dubbed “California Streaming,” it’s expected that Apple will introduce its new iPhone and Apple Watch.</p>\n<p>However, Apple remains in the news for other reasons, too.</p>\n<p>After hitting new highs earlier this week, the stock declined Friday after news of a court ruling&nbsp;in its case with Epic Games.</p>\n<p>That’s alongside a report that was published by well-known Morgan Stanley analyst Katy Huberty, who made the case that Apple stock&nbsp;is “compelling” ahead of its upcoming event.</p>\n<p>Like I said, it’s a lot of information for investors to digest. Let’s take a look at how the charts are setting up.</p>\n<p><b>Trading Apple Stock</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd94f6dcfc32af44a4ae542425f3c92f\" tg-width=\"700\" tg-height=\"429\" width=\"100%\" height=\"auto\"><span>Daily chart of Apple stock.</span></p>\n<p>Each time Apple has reported earnings this year, it has resulted in a selloff. Unfortunately, those selloffs would come right as the stock was at or near all-time highs. Those events are marked on the chart with blue arrows.</p>\n<p>It was even more frustrating that Apple&nbsp;blew out analysts’ expectations each time, yet the stock sold off anyway.</p>\n<p>However, rather than a massive dip following the most recent report, the stock only pulled back to the $145 area, near the prior high. It also held the 21-day moving average as support.</p>\n<p>The stock has since pushed up through $150 and earlier this week, hit new all-time highs.</p>\n<p>For now, we’re getting a dip back down to the key $150 area and the 21-day moving average. Aggressive bulls can buy this dip ahead of the company’s event on Tuesday.</p>\n<p>If we break Friday’s low, investors may consider stopping out of the trade and buying on a potentially larger dip down to the 50-day moving average or the $145 area.</p>\n<p>Below $145 may put the $138 level and the 200-day moving average in play.</p>\n<p>Should Apple trade up through the all-time high at $157.26, the 161.8% extension is in play up near $160. Above that mark could put the $172 to $175 zone on the table, depending on how investors react to the event.</p>\n<p>For what it’s worth, September is by far Apple’s worst-performing month, up just three of the last 11 years for the month.</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>Buy or Sell Apple Stock Ahead of iPhone Event?</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\">\nBuy or Sell Apple Stock Ahead of iPhone Event?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-12 08:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/trading-apple-aapl-stock-ahead-of-iphone13-event><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple stock was under pressure on Friday, with its iPhone event just days away. Here's how to trade the stock from here.\nShares of Apple Report fell $5.10, or 3.31%, to end at $148.97 Friday, as ...</p>\n\n<a href=\"https://www.thestreet.com/investing/trading-apple-aapl-stock-ahead-of-iphone13-event\">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.thestreet.com/investing/trading-apple-aapl-stock-ahead-of-iphone13-event","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101906502","content_text":"Apple stock was under pressure on Friday, with its iPhone event just days away. Here's how to trade the stock from here.\nShares of Apple Report fell $5.10, or 3.31%, to end at $148.97 Friday, as investors digested recent news and prepared for the iPhone event next week.\nOn Sept. 14, the company will hold a virtual event to introduce the new device. Dubbed “California Streaming,” it’s expected that Apple will introduce its new iPhone and Apple Watch.\nHowever, Apple remains in the news for other reasons, too.\nAfter hitting new highs earlier this week, the stock declined Friday after news of a court ruling in its case with Epic Games.\nThat’s alongside a report that was published by well-known Morgan Stanley analyst Katy Huberty, who made the case that Apple stock is “compelling” ahead of its upcoming event.\nLike I said, it’s a lot of information for investors to digest. Let’s take a look at how the charts are setting up.\nTrading Apple Stock\nDaily chart of Apple stock.\nEach time Apple has reported earnings this year, it has resulted in a selloff. Unfortunately, those selloffs would come right as the stock was at or near all-time highs. Those events are marked on the chart with blue arrows.\nIt was even more frustrating that Apple blew out analysts’ expectations each time, yet the stock sold off anyway.\nHowever, rather than a massive dip following the most recent report, the stock only pulled back to the $145 area, near the prior high. It also held the 21-day moving average as support.\nThe stock has since pushed up through $150 and earlier this week, hit new all-time highs.\nFor now, we’re getting a dip back down to the key $150 area and the 21-day moving average. Aggressive bulls can buy this dip ahead of the company’s event on Tuesday.\nIf we break Friday’s low, investors may consider stopping out of the trade and buying on a potentially larger dip down to the 50-day moving average or the $145 area.\nBelow $145 may put the $138 level and the 200-day moving average in play.\nShould Apple trade up through the all-time high at $157.26, the 161.8% extension is in play up near $160. Above that mark could put the $172 to $175 zone on the table, depending on how investors react to the event.\nFor what it’s worth, September is by far Apple’s worst-performing month, up just three of the last 11 years for the month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888928823,"gmtCreate":1631424414762,"gmtModify":1631888960945,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"Interesting….","listText":"Interesting….","text":"Interesting….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/888928823","repostId":"1189654544","repostType":4,"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":604041976,"gmtCreate":1639289035615,"gmtModify":1639289057489,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$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":1507,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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,"isVote":1,"tweetType":1,"viewCount":993,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":888928823,"gmtCreate":1631424414762,"gmtModify":1631888960945,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"Interesting….","listText":"Interesting….","text":"Interesting….","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/888928823","repostId":"1189654544","repostType":4,"repost":{"id":"1189654544","pubTimestamp":1631406130,"share":"https://www.laohu8.com/m/news/1189654544?lang=&edition=full","pubTime":"2021-09-12 08:22","market":"us","language":"en","title":"US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1189654544","media":"Renaissance Capital","summary":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i","content":"<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p>\n<p>Tech consultancy&nbsp;<b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p>\n<p>Swiss running shoe brand&nbsp;<b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p>\n<p>After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p>\n<p>Drive-thru coffee chain&nbsp;<b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p>\n<p>Healthcare intelligence platform&nbsp;<b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p>\n<p>Identity management platform&nbsp;<b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p>\n<p>Immunology biotech&nbsp;<b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p>\n<p>Surgical robotics developer&nbsp;<b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p>\n<p>Oncology biotech&nbsp;<b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p>\n<p>Micro-cap gas delivery service&nbsp;<b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p>\n<p><img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&amp;P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p>","source":"lsy1603787993745","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>US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-12 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","ONON":"On Holding AG",".SPX":"S&P 500 Index","TWKS":"Thoughtworks Holding Inc.","EZFL":"EzFill Holdings Inc","BROS":"Dutch Bros Inc.","DH":"Definitive Healthcare Corp.","SRAD":"Sportradar Group AG","FORG":"ForgeRock, Inc.","DICE":"DICE Therapeutics, Inc.","TYRA":"Tyra Biosciences, Inc.","PRCT":"PROCEPT BioRobotics"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189654544","content_text":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.\nSwiss running shoe brand On Holding(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.\nAfter ending talks to go public via SPAC,Sportradar Group(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.\nDrive-thru coffee chain Dutch Bros(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.\nHealthcare intelligence platform Definitive Healthcare(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.\nIdentity management platform ForgeRock(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.\nImmunology biotech DICE Therapeutics(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.\nSurgical robotics developer PROCEPT BioRobotics(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.\nOncology biotech Tyra Biosciences(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.\nMicro-cap gas delivery service EzFill Holdings(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":212,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":882293595,"gmtCreate":1631693549417,"gmtModify":1631888960938,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"Micro movements are not as important as the bigger picture. For investors, look at the pipeline and margins","listText":"Micro movements are not as important as the bigger picture. For investors, look at the pipeline and margins","text":"Micro movements are not as important as the bigger picture. For investors, look at the pipeline and margins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/882293595","repostId":"1108272392","repostType":4,"repost":{"id":"1108272392","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":1631693345,"share":"https://www.laohu8.com/m/news/1108272392?lang=&edition=full","pubTime":"2021-09-15 16:09","market":"us","language":"en","title":"Apple shares rose 0.4% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1108272392","media":"Tiger Newspress","summary":"Apple shares rose 0.4% in premarket trading.Apple held an event yesterday where the new iPhone 13 in","content":"<p>Apple shares rose 0.4% in premarket trading.Apple held an event yesterday where the&nbsp;new iPhone 13 in all of its versions were unveiled. The stock closed down 0.96% at $148.12.</p>\n<p><img src=\"https://static.tigerbbs.com/43a1bc16e540f70c96b045c162ee647d\" tg-width=\"850\" tg-height=\"638\" width=\"100%\" height=\"auto\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple shares rose 0.4% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple shares rose 0.4% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-15 16:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Apple shares rose 0.4% in premarket trading.Apple held an event yesterday where the&nbsp;new iPhone 13 in all of its versions were unveiled. The stock closed down 0.96% at $148.12.</p>\n<p><img src=\"https://static.tigerbbs.com/43a1bc16e540f70c96b045c162ee647d\" tg-width=\"850\" tg-height=\"638\" width=\"100%\" height=\"auto\"></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":"1108272392","content_text":"Apple shares rose 0.4% in premarket trading.Apple held an event yesterday where the new iPhone 13 in all of its versions were unveiled. The stock closed down 0.96% at $148.12.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3585043179154199","authorId":"3585043179154199","name":"jacksoncheng","avatar":"https://static.tigerbbs.com/15cea2a12fcc802fa3161c7165a892de","crmLevel":2,"crmLevelSwitch":0,"idStr":"3585043179154199","authorIdStr":"3585043179154199"},"content":"exactly it is just noise. I think people are generally so stupid to focus on some low single digit premarket movement","text":"exactly it is just noise. I think people are generally so stupid to focus on some low single digit premarket movement","html":"exactly it is just noise. I think people are generally so stupid to focus on some low single digit premarket movement"}],"imageCount":0,"langContent":"EN","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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":895,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":880,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":837695512,"gmtCreate":1629880846636,"gmtModify":1631888960946,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"Excellent!","listText":"Excellent!","text":"Excellent!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/837695512","repostId":"1120813722","repostType":4,"repost":{"id":"1120813722","pubTimestamp":1629878460,"share":"https://www.laohu8.com/m/news/1120813722?lang=&edition=full","pubTime":"2021-08-25 16:01","market":"us","language":"en","title":"TSMC shares up on price increase; company declines to comment","url":"https://stock-news.laohu8.com/highlight/detail?id=1120813722","media":"Focus Taiwan","summary":"Shares of Taiwan Semiconductor Manufacturing Co.  rose Wednesday morning after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.Asked for comment on the reports, TSMC said the company never responds to any speculation on product price adjustments.The stock got a boost soon after the market opened from the reports, which said earlier Wednesday that TSMC will raise prices across the board. The Chinese language ","content":"<p>Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) rose Wednesday morning after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.</p>\n<p>Asked for comment on the reports, TSMC said the company never responds to any speculation on product price adjustments.</p>\n<p>TSMC&nbsp;shares&nbsp;surged&nbsp;5%&nbsp;in morning trading.</p>\n<p><img src=\"https://static.tigerbbs.com/5a87d0c0ca0555ddf2e51957674e8c62\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n<p>The stock got a boost soon after the market opened from the reports, which said earlier Wednesday that TSMC will raise prices across the board</p>\n<p>The Chinese language Commercial Times said TSMC's product price hike is expected to start from the first quarter of next year.</p>\n<p>It said prices for chips made using mature processes are expected to go up 15-20 percent and those for chips made from advanced processes are likely to rise by 10 percent.</p>\n<p>Citing anonymous industrial sources, the report said that with global demand for semiconductors on the rise despite the COVID-19 pandemic, a supply shortage could continue into 2023 or even 2024, clearing the way for TSMC's product price hike.</p>\n<p>The advanced processes referred to TSMC's processes of 12 nanometers and below, including the 5nm process, the most advanced of TSMC technologies in mass production.</p>\n<p>The Economic Daily News reported that TSMC has informed IC design clients of the price hikes, which it said were scheduled to start in the fourth quarter of this year.</p>\n<p>The media outlet said prices of chips made using the 12nm or more advanced processes will rise by 10 percent, while prices for processes inferior to the 12nm technology will be raised by 20 percent.</p>\n<p>Before speculation emerged of TSMC's price hikes, United Microelectronics Corp. (UMC), a smaller contract chipmaker in Taiwan, was rumored earlier this month to be asking for 10 percent price increases, but UMC declined to comment on the speculation.</p>\n<p>It has also been reported that South Korea's Samsung Electronics Co. is planning to increase product prices for its contract chip production</p>","source":"lsy1629877186447","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>TSMC shares up on price increase; company declines to comment</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\">\nTSMC shares up on price increase; company declines to comment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-25 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://focustaiwan.tw/business/202108250007><strong>Focus Taiwan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) rose Wednesday morning after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply ...</p>\n\n<a href=\"https://focustaiwan.tw/business/202108250007\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://focustaiwan.tw/business/202108250007","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120813722","content_text":"Shares of Taiwan Semiconductor Manufacturing Co. (TSMC) rose Wednesday morning after local media reported that the world's largest contract chipmaker will raise product prices due to a global supply shortage, dealers said.\nAsked for comment on the reports, TSMC said the company never responds to any speculation on product price adjustments.\nTSMC shares surged 5% in morning trading.\n\nThe stock got a boost soon after the market opened from the reports, which said earlier Wednesday that TSMC will raise prices across the board\nThe Chinese language Commercial Times said TSMC's product price hike is expected to start from the first quarter of next year.\nIt said prices for chips made using mature processes are expected to go up 15-20 percent and those for chips made from advanced processes are likely to rise by 10 percent.\nCiting anonymous industrial sources, the report said that with global demand for semiconductors on the rise despite the COVID-19 pandemic, a supply shortage could continue into 2023 or even 2024, clearing the way for TSMC's product price hike.\nThe advanced processes referred to TSMC's processes of 12 nanometers and below, including the 5nm process, the most advanced of TSMC technologies in mass production.\nThe Economic Daily News reported that TSMC has informed IC design clients of the price hikes, which it said were scheduled to start in the fourth quarter of this year.\nThe media outlet said prices of chips made using the 12nm or more advanced processes will rise by 10 percent, while prices for processes inferior to the 12nm technology will be raised by 20 percent.\nBefore speculation emerged of TSMC's price hikes, United Microelectronics Corp. (UMC), a smaller contract chipmaker in Taiwan, was rumored earlier this month to be asking for 10 percent price increases, but UMC declined to comment on the speculation.\nIt has also been reported that South Korea's Samsung Electronics Co. is planning to increase product prices for its contract chip production","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":158096926,"gmtCreate":1625111808165,"gmtModify":1631888960959,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"It’s good to plonk abit into AAPL. I love it because the company does do consistent, increasing&nbsp;revenue.","listText":"It’s good to plonk abit into AAPL. I love it because the company does do consistent, increasing&nbsp;revenue.","text":"It’s good to plonk abit into AAPL. I love it because the company does do consistent, increasing revenue.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158096926","repostId":"1110936297","repostType":2,"repost":{"id":"1110936297","pubTimestamp":1625036047,"share":"https://www.laohu8.com/m/news/1110936297?lang=&edition=full","pubTime":"2021-06-30 14:54","market":"us","language":"en","title":"Apple: Act Quickly Before The Run To $172","url":"https://stock-news.laohu8.com/highlight/detail?id=1110936297","media":"seekingalpha","summary":"Apple faces many external threats from regulators in the developed world.But I see these as largely priced in, although they remain a threat longer term.Apple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.I have made it no secret that I’m a big fan of Apple. In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a big breakout. In this article, I want to ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple faces many external threats from regulators in the developed world.</li>\n <li>But I see these as largely priced in, although they remain a threat longer term.</li>\n <li>Apple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/219c4f41554f7e91be4c02cd87e3f8d6\" tg-width=\"1536\" tg-height=\"1024\"><span>fMing Yeung/Getty Images News</span></p>\n<p>I have made it no secret that I’m a big fan of&nbsp;<b>Apple</b>(AAPL). In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a&nbsp;big breakout. In this article, I want to update readers on the progress of that, as well as addressing some concerns that could be potentially bearish. But the spoiler alert is that I’m still very much in the camp of Apple setting up a breakout, and I think the company’s typical pre-earnings move is likely the catalyst to see that happen.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37078c4ff01404a43176bb2e2555834d\" tg-width=\"640\" tg-height=\"615\"><span>Source: StockCharts</span></p>\n<p>To start, I’ve annotated the same ascending triangle formation I noted six weeks ago, because it is still very much in play. The stock is very near the top of the triangle today, so what happens when/if it gets to $136/$137 will determine if the breakout is imminent or if we need at least one more test of the rising trend line that forms the bottom of the triangle. Whether that occurs or not doesn’t change my outlook; only the timing of it.</p>\n<p>Ascending triangles measure upside targets on breakouts equal to the top and bottom of the widest part of the triangle. In this case, the top of the triangle is $137 and the bottom of the triangle, which was set in September of last year, was $102. That means that this triangle pattern has a measured price target – after the breakout – of $35 higher ($137 minus $102), and with the breakout point being $137 or so, that implies we canexpect Apple to hit $172, give or take. Now, that won’t happen immediately, of course, but that’s the kind of opportunity at hand here.</p>\n<p>What do you need to look for on a breakout? First, price action needs to decisively clear the breakout level of $137 and close above it. In addition, you want to see rising volume on the breakout – I’ve annotated declining volume in the triangle period, which is normal behavior – and you want to see rising momentum, we’ve got rising momentum today. So I’d expect a breakout to continue that, but these are the things you want to see on a breakout to ensure it has staying power.</p>\n<p>Finally, you’ll notice that I’ve added blue circles on the chart, and those represent the start of the ~4-week period prior to an earnings release. Apple has been<i>very</i>reliable in the past couple of years in terms of rallying into an earnings report, and I have no reason to think that will change. The gains are fairly large in most cases, with about half of them being in the double-digits, so this is a real catalyst for higher prices.</p>\n<p>The important thing to note is that we are about four weeks from the third quarter report, which typically takes place at the end of July. We are also at the top of the ascending triangle, which means that even a small pre-earnings run will likely result in a breakout, and that’s why I think the breakout is very near.</p>\n<p>To be clear, I’m reiterating my prior thesis that an ascending triangle breakout is coming; I just think we have a very clear catalyst now to make it sooner than later. I see the stock rallying into the earnings report, and if history is a guide, Apple will destroy expectations once again. In short, all is going to plan.</p>\n<p>The risk is that if Apple does break out of the triangle and earnings aren’t very good, the pattern could fail. That would negate my $172 price target, and we’d have to reassess. For now, the odds of that look low, and I’m still full steam ahead on the breakout coming pre-earnings.</p>\n<p><b>Why does Apple rally pre-earnings?</b></p>\n<p>To put it succinctly, Apple rallies pre-earnings because no matter how much analysts raise their targets going into the reports, Apple finds a way to beat them.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6233212bc10ea38f20e75d2ed0ab603e\" tg-width=\"640\" tg-height=\"284\"><span>Source:Seeking Alpha</span></p>\n<p>This is three years’ worth of data showing how Apple beats expectations, and by enormous margins in some cases. Apple is one of the largest and most-followed companies that has ever existed. So if any company should have an analyst community that knows how it will perform each quarter, it would be this one. However, its dominance in hardware and services revenue has proven too much for analysts over time to keep up with.</p>\n<p>Keep in mind a risk here is that if Apple does finally miss expectations, I have to imagine the stock will react extremely poorly. Thus, there is certainly risk in owning Apple through the earnings report, as with any other stock. But the company’s history of smashing expectations – particularly in the past year – means the odds of this are fairly low. Still, something to keep in mind from a risk perspective.</p>\n<p>In terms of a catalyst for rallying into the July report, Apple continues to see analysts scramble to keep up with its rising fortunes.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ebf56ca48e2364fd7314f9140bc3ab5c\" tg-width=\"640\" tg-height=\"286\"><span>Source:Seeking Alpha</span></p>\n<p>The sharp upward revisions that began last summer continue unabated, and Apple’s earnings trajectory remains very much intact. I detailed this in my last piece so I’m simply saying that nothing has changed on this front, and that’s a very good thing.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2bd9aaadd1cc3a29d7b8e787296ab4b\" tg-width=\"454\" tg-height=\"110\"><span>Source:Seeking Alpha</span></p>\n<p>I think you’ll struggle to find a company with a better earnings revision schedule, as the past three months have seen 36 EPS revisions, and<i>100%</i>of them were upward. That shows just how strong Apple’s earnings trajectory is, as analysts scramble to meet Apple’s outstanding performances. I love stocks with earnings revision charts like Apple’s because the bar is always rising, which means that the stock will follow suit.</p>\n<p><b>Not all is well</b></p>\n<p>Apple, to be fair, does face a huge amount of risks that are outside of its control. Many of them cropped up since my last report on Apple and so I want to balance my bullish position on the stock with some sobering reality to ensure readers are well-equipped to make an informed decision about whether or not Apple is right for their portfolio.</p>\n<p>First, the FTC made the headlines a few weeks ago by appointing&nbsp;Lina Khan, an outspoken and noted big tech critic, who feels certain companies have too much control over the behaviors of consumers. This is a noteworthy development because if the FTC wants to go after big tech, Apple is a very logical early target. I don’t see it impacting iPhone or other hardware sales but services revenue? Absolutely. This is a longer-term threat since antitrust rules take time to create, but Apple shareholders need to take this threat seriously.</p>\n<p>The&nbsp;White Houseis apparently on board with this line of thinking, and the&nbsp;House&nbsp;is actually considering legislation that would undertake to reign in the perceived control of big tech companies, including Apple's tendency to pre-install its own apps on Apple devices. Would that stop consumers from just going to the app store and downloading them? No, but it certainly isn't a<i>positive</i>&nbsp;catalyst.</p>\n<p>Apple is facing a similar threat in&nbsp;Germany&nbsp;and other places in the developed world, so it isn’t just a problem at home. Germany is assessing if Apple has “competition violations” to be addressed. So the issue is the same one being faced in the US, and the only two outcomes are neutral (nothing happens), or negative (antitrust action is taken).</p>\n<p>Apple is also still very much beholden to the never-ending trade war between&nbsp;China&nbsp;and the US, as the two countries constantly jockey for position with the highest stakes the world has ever seen in such a scuffle. Apple’s production process is potentially at risk, depending upon how ugly things get, adding some geopolitical risk to the stock's outlook. This goes both ways, and China employs a lot of people and generates a lot of cash from Apple’s production. So I’m not sure it is as one-sided as it seems, but the geopolitical risk is never a good thing, and Apple’s manufacturing needs set it up for such a risk.</p>\n<p><b>Final thoughts</b></p>\n<p>I’ve enumerated a variety of potential issues Apple is facing, and I’ll be clear and say none of these are good things. The best possible outcome is that nothing changes, and the worst is that all come to fruition and Apple faces manufacturing challenges, as well as antitrust actions. These are real threats, but I also think they're already priced in.</p>\n<p>The threat of antitrust legislation or a trade war with China isn’t new by any stretch of the imagination and is not dissimilar to the threats that other tech giants like Amazon (AMZN), Alphabet (GOOG), or Facebook (FB) face every day. This is par for the course if you’re a dominant tech company, and Apple certainly is. I don’t want to ignore these potential negative catalysts, but I don’t want to overreact, either.</p>\n<p>Keep in mind also that Apple continues to move higher over time despite this bad news, which is what winning stocks do. The fact that it is shrugging off these huge potential negative catalysts reinforces the bullish stance I already had on the stock.</p>\n<p>I detailed my bullishness on the company’s revenue generation, margins, buybacks, valuation, and more in the&nbsp;prior piece, and nothing has changed there. So I don’t want to waste your time going through it again. However, my fundamental stance on Apple hasn’t changed in the past six weeks, and if anything, continued upward revisions in EPS estimates have strengthened the bull case.</p>\n<p>The important thing is that shareholders must be aware of external threats, but also that we are seeing Apple get to the end of its very bullish consolidation pattern at the same time that it typically begins a pre-earnings run higher.</p>\n<p>The bottom line is that I think Apple’s breakout is imminent, and that the pattern measures to $172 or so. This won’t happen overnight, but if you were looking to buy Apple, act quickly.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Act Quickly Before The Run To $172</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Act Quickly Before The Run To $172\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple faces many external threats from regulators in the developed world.\nBut I see these as largely priced in, although they remain a threat longer term.\nApple is on the cusp of what should ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4437069-apple-act-quickly-before-the-run-to-172","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110936297","content_text":"Summary\n\nApple faces many external threats from regulators in the developed world.\nBut I see these as largely priced in, although they remain a threat longer term.\nApple is on the cusp of what should be a pre-earnings run and an imminent breakout of a bullish consolidation pattern.\n\nfMing Yeung/Getty Images News\nI have made it no secret that I’m a big fan of Apple(AAPL). In fact, I wrote a very bullish piece about six weeks ago, detailing how I thought Apple was in the process of consolidating before a big breakout. In this article, I want to update readers on the progress of that, as well as addressing some concerns that could be potentially bearish. But the spoiler alert is that I’m still very much in the camp of Apple setting up a breakout, and I think the company’s typical pre-earnings move is likely the catalyst to see that happen.\nSource: StockCharts\nTo start, I’ve annotated the same ascending triangle formation I noted six weeks ago, because it is still very much in play. The stock is very near the top of the triangle today, so what happens when/if it gets to $136/$137 will determine if the breakout is imminent or if we need at least one more test of the rising trend line that forms the bottom of the triangle. Whether that occurs or not doesn’t change my outlook; only the timing of it.\nAscending triangles measure upside targets on breakouts equal to the top and bottom of the widest part of the triangle. In this case, the top of the triangle is $137 and the bottom of the triangle, which was set in September of last year, was $102. That means that this triangle pattern has a measured price target – after the breakout – of $35 higher ($137 minus $102), and with the breakout point being $137 or so, that implies we canexpect Apple to hit $172, give or take. Now, that won’t happen immediately, of course, but that’s the kind of opportunity at hand here.\nWhat do you need to look for on a breakout? First, price action needs to decisively clear the breakout level of $137 and close above it. In addition, you want to see rising volume on the breakout – I’ve annotated declining volume in the triangle period, which is normal behavior – and you want to see rising momentum, we’ve got rising momentum today. So I’d expect a breakout to continue that, but these are the things you want to see on a breakout to ensure it has staying power.\nFinally, you’ll notice that I’ve added blue circles on the chart, and those represent the start of the ~4-week period prior to an earnings release. Apple has beenveryreliable in the past couple of years in terms of rallying into an earnings report, and I have no reason to think that will change. The gains are fairly large in most cases, with about half of them being in the double-digits, so this is a real catalyst for higher prices.\nThe important thing to note is that we are about four weeks from the third quarter report, which typically takes place at the end of July. We are also at the top of the ascending triangle, which means that even a small pre-earnings run will likely result in a breakout, and that’s why I think the breakout is very near.\nTo be clear, I’m reiterating my prior thesis that an ascending triangle breakout is coming; I just think we have a very clear catalyst now to make it sooner than later. I see the stock rallying into the earnings report, and if history is a guide, Apple will destroy expectations once again. In short, all is going to plan.\nThe risk is that if Apple does break out of the triangle and earnings aren’t very good, the pattern could fail. That would negate my $172 price target, and we’d have to reassess. For now, the odds of that look low, and I’m still full steam ahead on the breakout coming pre-earnings.\nWhy does Apple rally pre-earnings?\nTo put it succinctly, Apple rallies pre-earnings because no matter how much analysts raise their targets going into the reports, Apple finds a way to beat them.\nSource:Seeking Alpha\nThis is three years’ worth of data showing how Apple beats expectations, and by enormous margins in some cases. Apple is one of the largest and most-followed companies that has ever existed. So if any company should have an analyst community that knows how it will perform each quarter, it would be this one. However, its dominance in hardware and services revenue has proven too much for analysts over time to keep up with.\nKeep in mind a risk here is that if Apple does finally miss expectations, I have to imagine the stock will react extremely poorly. Thus, there is certainly risk in owning Apple through the earnings report, as with any other stock. But the company’s history of smashing expectations – particularly in the past year – means the odds of this are fairly low. Still, something to keep in mind from a risk perspective.\nIn terms of a catalyst for rallying into the July report, Apple continues to see analysts scramble to keep up with its rising fortunes.\nSource:Seeking Alpha\nThe sharp upward revisions that began last summer continue unabated, and Apple’s earnings trajectory remains very much intact. I detailed this in my last piece so I’m simply saying that nothing has changed on this front, and that’s a very good thing.\nSource:Seeking Alpha\nI think you’ll struggle to find a company with a better earnings revision schedule, as the past three months have seen 36 EPS revisions, and100%of them were upward. That shows just how strong Apple’s earnings trajectory is, as analysts scramble to meet Apple’s outstanding performances. I love stocks with earnings revision charts like Apple’s because the bar is always rising, which means that the stock will follow suit.\nNot all is well\nApple, to be fair, does face a huge amount of risks that are outside of its control. Many of them cropped up since my last report on Apple and so I want to balance my bullish position on the stock with some sobering reality to ensure readers are well-equipped to make an informed decision about whether or not Apple is right for their portfolio.\nFirst, the FTC made the headlines a few weeks ago by appointing Lina Khan, an outspoken and noted big tech critic, who feels certain companies have too much control over the behaviors of consumers. This is a noteworthy development because if the FTC wants to go after big tech, Apple is a very logical early target. I don’t see it impacting iPhone or other hardware sales but services revenue? Absolutely. This is a longer-term threat since antitrust rules take time to create, but Apple shareholders need to take this threat seriously.\nThe White Houseis apparently on board with this line of thinking, and the House is actually considering legislation that would undertake to reign in the perceived control of big tech companies, including Apple's tendency to pre-install its own apps on Apple devices. Would that stop consumers from just going to the app store and downloading them? No, but it certainly isn't apositive catalyst.\nApple is facing a similar threat in Germany and other places in the developed world, so it isn’t just a problem at home. Germany is assessing if Apple has “competition violations” to be addressed. So the issue is the same one being faced in the US, and the only two outcomes are neutral (nothing happens), or negative (antitrust action is taken).\nApple is also still very much beholden to the never-ending trade war between China and the US, as the two countries constantly jockey for position with the highest stakes the world has ever seen in such a scuffle. Apple’s production process is potentially at risk, depending upon how ugly things get, adding some geopolitical risk to the stock's outlook. This goes both ways, and China employs a lot of people and generates a lot of cash from Apple’s production. So I’m not sure it is as one-sided as it seems, but the geopolitical risk is never a good thing, and Apple’s manufacturing needs set it up for such a risk.\nFinal thoughts\nI’ve enumerated a variety of potential issues Apple is facing, and I’ll be clear and say none of these are good things. The best possible outcome is that nothing changes, and the worst is that all come to fruition and Apple faces manufacturing challenges, as well as antitrust actions. These are real threats, but I also think they're already priced in.\nThe threat of antitrust legislation or a trade war with China isn’t new by any stretch of the imagination and is not dissimilar to the threats that other tech giants like Amazon (AMZN), Alphabet (GOOG), or Facebook (FB) face every day. This is par for the course if you’re a dominant tech company, and Apple certainly is. I don’t want to ignore these potential negative catalysts, but I don’t want to overreact, either.\nKeep in mind also that Apple continues to move higher over time despite this bad news, which is what winning stocks do. The fact that it is shrugging off these huge potential negative catalysts reinforces the bullish stance I already had on the stock.\nI detailed my bullishness on the company’s revenue generation, margins, buybacks, valuation, and more in the prior piece, and nothing has changed there. So I don’t want to waste your time going through it again. However, my fundamental stance on Apple hasn’t changed in the past six weeks, and if anything, continued upward revisions in EPS estimates have strengthened the bull case.\nThe important thing is that shareholders must be aware of external threats, but also that we are seeing Apple get to the end of its very bullish consolidation pattern at the same time that it typically begins a pre-earnings run higher.\nThe bottom line is that I think Apple’s breakout is imminent, and that the pattern measures to $172 or so. This won’t happen overnight, but if you were looking to buy Apple, act quickly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125449113,"gmtCreate":1624688409232,"gmtModify":1631889049518,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"I think it’s a matter of time before BABA breaks $300","listText":"I think it’s a matter of time before BABA breaks $300","text":"I think it’s a matter of time before BABA breaks $300","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/125449113","repostId":"1164137597","repostType":4,"repost":{"id":"1164137597","pubTimestamp":1624671774,"share":"https://www.laohu8.com/m/news/1164137597?lang=&edition=full","pubTime":"2021-06-26 09:42","market":"us","language":"en","title":"Alibaba: Can BABA Get Back To $300? Yes, It Can","url":"https://stock-news.laohu8.com/highlight/detail?id=1164137597","media":"seekingalpha","summary":"The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.Alibaba is the dominant force in cloud services in China which could become a significant revenue g","content":"<p><b>Summary</b></p>\n<ul>\n <li>The recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.</li>\n <li>The Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.</li>\n <li>Alibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.</li>\n <li>Alibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/814b0a9a0d17977f43665e2eba205b1e\" tg-width=\"1536\" tg-height=\"1024\"><span>Andrew Braun/iStock Editorial via Getty Images</span></p>\n<p>Alibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.</p>\n<p>There are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86da7b532f25f563d08490ddc43cbede\" tg-width=\"640\" tg-height=\"337\"><span>(Source: Alibaba)</span></p>\n<p><b>The Alibaba printing press is open for business, and it spits out billions</b></p>\n<p>How many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as&nbsp;Facebook (FB),PepsiCo (PEP),Procter &amp; Gamble (PG),Target (TGT), and&nbsp;Johnson &amp; Johnson (JNJ)&nbsp;are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.</p>\n<p>Since 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.</p>\n<p>BABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates in<i>Warren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:</i></p>\n<blockquote>\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n</blockquote>\n<p>The gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.</p>\n<p>Moving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41a5e036f023fa4ced7666e06aa1de6b\" tg-width=\"640\" tg-height=\"444\"><span>(Source: Alibaba)</span></p>\n<p><b>Alibaba will continue to experience tailwinds as China's population and economy expands</b></p>\n<p>Alibaba&nbsp;achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.</p>\n<p>BABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth&nbsp;has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China&nbsp;is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey&nbsp;predicts&nbsp;that the middle class could expand to 550 million people which is larger than the entire U.S population.</p>\n<p>If the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bbde4a092d19118a2d16daabf5c027d7\" tg-width=\"640\" tg-height=\"463\"><span>(Source: Blomberg)</span></p>\n<p><b>Alibaba has tremendous growth prospects in Cloud as China continues its digitization</b></p>\n<p>Cloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from&nbsp;AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.</p>\n<p>In China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in&nbsp;China&nbsp;grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.</p>\n<p>As China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1759b81ce463d503a165d901e2e50d7c\" tg-width=\"640\" tg-height=\"728\"><span>(Source: Canalys)</span></p>\n<p><b>Alibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates</b></p>\n<p>For this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:</p>\n<ul>\n <li>AMZN</li>\n <li>BABA</li>\n <li>GOOGL</li>\n</ul>\n<p>The market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.</p>\n<p><b>Conclusion</b></p>\n<p>It's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.</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>Alibaba: Can BABA Get Back To $300? Yes, It Can</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\">\nAlibaba: Can BABA Get Back To $300? Yes, It Can\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 09:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by...</p>\n\n<a href=\"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4436373-alibaba-can-get-back-to-300","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164137597","content_text":"Summary\n\nThe recent downturn in Alibaba's share price has created an investment opportunity for long-term capital appreciation.\nThe Chinese economy is expected to become the world's largest economy by 2028 and more than 500 million people will be part of the middle class by end of 2023.\nAlibaba will experience tailwinds from individuals and businesses spending more money during this period of growth in China.\nAlibaba is the dominant force in cloud services in China which could become a significant revenue growth machine as the economy expands.\n\nAndrew Braun/iStock Editorial via Getty Images\nAlibaba(NYSE:BABA)operates a printing press that keeps spitting out tens of billions from total revenue down to net income. Many companies faced adversity throughout the pandemic, and some are still recovering, but not BABA. Through the worst economic environment for businesses to navigate in recent times, BABA generated over $100 billion in revenue and $20 billion in net income during their recent fiscal year. While BABA didn't get the memo about businesses facing challenges amidst the pandemic, the market must not have read BABA's earnings report or crunched the numbers.\nThere are two Chinese companies I am bullish on, and BABA is my biggest conviction for appreciation. BABA smashed through the $300 share price level at the end of October 2020, but shareholders have been left confused and disappointed since then. It looked like BABA would turn the corner after a horrible end to 2020 as shares appreciated from $222.36 from the close of 2020 to $270.83 in the middle of February 2021. Still, the markets had other plans, and all shares of BABA have done is disappoint shareholders. If you missed the BABA train, it's time to grab your tickets and climb aboard, and if you purchased BABA during its run to $300 or early 2021 rebound, it might be time to add to your holdings. BABA is going to experience tremendous tailwinds from China's population and economic growth over the next several years, and their printing press is going to need more ink.\n(Source: Alibaba)\nThe Alibaba printing press is open for business, and it spits out billions\nHow many companies can say their annual revenue through the pandemic exceeded $100 billion? The $100 billion revenue mark is a prestigious club that companies such as Facebook (FB),PepsiCo (PEP),Procter & Gamble (PG),Target (TGT), and Johnson & Johnson (JNJ) are not part of. BABA, on the other hand, witnessed its revenue increase by 52.11% and smash through $100 billion as they generated $109.47 billion in their recent fiscal year. For the year ending March 2019, BABA's revenue increased by $16.25 billion (40.74%) to $56.15 billion, then for the March 2020 fiscal year, revenue increased another $15.82 billion (28.17%) to $71.97 billion. BABA is in the same boat as Alphabet(NASDAQ:GOOG)(GOOGL), FB, and Amazon (AMZN) as they watched the pandemic push more people to go digital which accelerated their businesses. For BABA, the forced transition to digital helped them achieve $37.5 billion (52.11%) in additional revenue as they finished their March 2021 fiscal year with $109.47 billion in revenue.\nSince 2013 BABA has not had a year where their annual revenue increase didn't exceed 25% Year over Year (YoY). When you think about that as a growth rate, it's remarkable for a company of BABA's size as this isn't a company chasing its first billion-dollar revenue year. Over the past 5 fiscal years, BABA's annual revenue has increased by $93.8 billion (408.08%) at an average annual rate of 48.25%. Smaller companies considered growth companies would be jealous of these rates, while many large caps are probably envious.\nBABA isn't a one-trick pony that can only generate tens of billions in revenue. BABA can convert right down to the bottom line. Each year BABA has increased its YoY gross profit by a minimum of 10% since 2013. In 2016 BABA generated $10.35 billion in gross profit and, over the next 5 fiscal years, increased its annual gross profit by $34.84 billion (336.68%). BABA has also never fallen below a 40% gross profit margin, Warren Buffett's magic number, as he indicates inWarren Buffett and the Interpretation of Financial Statements. On page 34 of the Kindle edition,it says:\n\n As a very general rule (and there are exceptions): Companies with gross profit margins of 40% or better tend to be companies with some sort of durable competitive advantage. Companies with gross profit margins below 40% tend to be companies in highly competitive industries, where competition is hurting overall profit margins (there are exceptions here, too).\n\nThe gross profit margin is important for investors to evaluate because it reveals how much of a company's revenue goes directly to producing it and if they have a moat around their business. BABA's numbers indicate they have a sufficient moat around their business that is hard to penetrate. With close to a decade of generating over 40% in gross profit margins, investors can expect that BABA's moat will protect its business operations for years to come.\nMoving to the bottom line BABA does a great job at generating profits. In their most recent fiscal year, BABA generated $22.98 billion in net income, converting more than 1/5th (20.99%) of their revenue to pure profits. Since 2013 BABA has only had 1 year where net income decreases YoY. With that track record, many options open up for BABA in the future as their cash stockpile continues to increase.\n(Source: Alibaba)\nAlibaba will continue to experience tailwinds as China's population and economy expands\nAlibaba achieved one billion annual active consumers globally in the fiscal year that ended in March 2021. BABA has 891 million consumers across China's retail marketplace, local consumer services and digital media and entertainment platforms, and approximately 240 million consumers outside China. BABA's annual active consumers in the China retail marketplaces were 811 million as it grew by 85 million YoY. BABA will focus on developing a digital commerce infrastructure that offers an upgraded consumer experience by seamlessly integrating online and offline. Through BABA's infrastructure, countless retailers have digitally transformed their businesses and created multiple retail formats that have enabled new consumption experiences by leveraging consumer insights and technology. BABA's ecosystem, supply chain, and diversified fulfillment services have facilitated an immense digital transformation. By investing in its infrastructure, BABA's customers can now leverage a full range of high-frequency fulfillment services that include on-demand delivery, same-or-next day delivery, and next-day pick-up services for a full range of consumable and physical products.\nBABA will continue to be one of the cornerstones that supports growth within China's economy, which is benefiting from the acceleration of digitalization in all aspects of life and work. China is projected to be the world's largest economy by 2028. The per-capita income in China is expected to grow by roughly 50% from 2020 to 2025.China's average economic growth has been projected to increase at a rate of 5.7% from 2021 to 2025, then slow to 4.5% from 2026 to 2030. As a result,China is on track to join the top 1/3rd of nations and overtake 56 countries in the per capita income rankings by 2025. By the end of 2022, McKinsey predicts that the middle class could expand to 550 million people which is larger than the entire U.S population.\nIf the projections for China are correct, this should mean a windfall of cash lining BABA's coffers. It's a simple recipe; when people make more money, they tend to spend more money to enhance their lives and increase their standard of living. As BABA is a dominant force in China's retail sector, they stand to benefit from a growing economy and a larger middle class. At the end of next year, if China has anywhere close to 550 million individuals in the middle class, I believe BABA's revenue and profits will increase significantly. This trend can provide tailwinds throughout the decade for BABA, and eventually, the market will reward shareholders based on BABA's value proposition.\n(Source: Blomberg)\nAlibaba has tremendous growth prospects in Cloud as China continues its digitization\nCloud computing has been red hot in the U.S. as the transition from on-prem to cloud has increased the technological capabilities for many organizations. As digitization progresses across the business landscape, cloud providers continue to increase revenue generated from their cloud segments within their overall revenue mix. For example, AWS, the cloud computing division from AMZN, generated $45.37 billion in 2020. Cloud continues to be an exciting sector because the digital transformation is far from being over. Hence, the prospects of new customers are enormous while reoccurring revenue is generated after the transition occurs.\nIn China, cloud infrastructure services are still in the early innings as the entire spend was around $15 billion in 2020. In Q1 of 2021, cloud infrastructure services in China grew by 55% YoY as it reached $6 billion. China was the 2nd largest market behind the U.S, accounting for 14% of global investment, up from 12% in Q1 of 2020. With cloud spending and digitization in China increasing, this serves as a major runway for growth in Alibaba Cloud.\nAs China's economy expands, businesses will need to become more efficient to support both operations and customer demands. Chinese companies will need to implement infrastructure that can support a digital age of the workforce while supporting cloud services used by consumers for consumption. If China passes the U.S. as the world's largest economy in the second half of this decade, the amount of growth needed in cloud services will be immense. BABA is already the leader in cloud infrastructure services in China as their 39.8% market share accounted for $2.39 billion of the $6 billion spent in Q1 2021. Over the previous 6 quarters, cloud infrastructure spending has increased by roughly $2.3 billion (76.67%) in China. Based on cloud's current trajectory, quarterly revenue is on track to double over the next 2 years, putting Q1 2023 revenue at $10.6 billion. If BABA has a 35% market share, their Q1 2023 would be $3.71 billion, placing their 2023 revenue for cloud at $14.84 billion without factoring in any growth in 2023. From a cloud aspect, China's future spending is very exciting, and BABA will be one of the major benefactors.\n(Source: Canalys)\nAlibaba has stellar financial metrics and is undervalued compared to the U.S. tech conglomerates\nFor this comparison, I am going to use AMZN and GOOGL as they have been establishing their dominance in the U.S. for more than a decade. First, here are the raw numbers for AMZN, BABA, and GOOGL:\n\nAMZN\nBABA\nGOOGL\n\nThe market currently places a multiple of 17.03x on AMZN's equity compared to its market cap, while its revenue multiple is 4.2x. GOOGL has a multiple of 7.17x on its equity and 8.39x on its revenue compared to market cap. AMZN and GOOGL's market caps exceed $1.5 trillion, while BABA's sits at $575.57 billion. The market is placing a 3.5x multiple on BABA's equity and 5.26x on its revenue compared to the market cap. Thus, the market is severely discounting BABA's equity and revenue generation. BABA's equity is worth 28.58% of its market cap, while AMZN's equity is equivalent to 5.87%, and GOOGL's is 13.94% of its market cap. The current discount placed on BABA's equity could create an additional tailwind for shareholders in the future.\nConclusion\nIt's hard to dismiss the growth opportunities some companies in China are presenting, especially after the recent decline in share prices. However, I believe shares of BABA are currently undervalued based on their current financial metrics and growth rates. China's economy and the amount of capital allocated to cloud service infrastructure are expected to grow substantially over the years. These will create powerful tailwinds for BABA throughout this decade. As a result, I think shareholders have been allowed to establish a BABA or dollar cost average position at a discounted price. I plan on continuing to add shares to my position while the market is discounting BABA.","news_type":1},"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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":1129,"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,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"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 $5.8 billion he received for those sales were probably judged to be long-term capital gains, taxed at a lower 20% rate, not the higher tax rate he'll pay on the exercise of the options.\nTo hit the target of selling 10% of the Tesla shares he owned as of the date of the poll, he might need to sell about 2 million more shares to cover the tax bill for his additional 12 million options.\nBut even if he does that, with even more options due to come his way, he's still likely to have a bigger stake in Tesla than when he began this process.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1042,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":854311647,"gmtCreate":1635419218920,"gmtModify":1635419219074,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$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":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":156242941,"gmtCreate":1625227513983,"gmtModify":1631888960952,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"This is why it’s hard to invest in Chinese stocks.","listText":"This is why it’s hard to invest in Chinese stocks.","text":"This is why it’s hard to invest in Chinese stocks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/156242941","repostId":"1195364777","repostType":4,"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159324491,"gmtCreate":1624942994413,"gmtModify":1631889049515,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"This is why I’m Long NVDA","listText":"This is why I’m Long NVDA","text":"This is why I’m Long NVDA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159324491","repostId":"1182036516","repostType":4,"repost":{"id":"1182036516","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":1624892087,"share":"https://www.laohu8.com/m/news/1182036516?lang=&edition=full","pubTime":"2021-06-28 22:54","market":"us","language":"en","title":"Nvidia shares rose more than 5% to a new high","url":"https://stock-news.laohu8.com/highlight/detail?id=1182036516","media":"Tiger Newspress","summary":"Nvidia shares rose more than 5% to a new high on Report Three Key Chip Makers Endorse Bid for Arm.\n\n","content":"<p>Nvidia shares rose more than 5% to a new high on Report Three Key Chip Makers Endorse Bid for Arm.</p>\n<p><img src=\"https://static.tigerbbs.com/05201fd147f1f824ea42bb1d0bcac789\" tg-width=\"840\" tg-height=\"470\"></p>\n<p>Three major chip makers have reportedly stepped up to say they support&nbsp;Nvidia‘s&nbsp;proposed acquisition of the U.K.-based chip-design house Arm.</p>\n<p>Last September, Nvidia (ticker: NVDA) announced a deal to acquire Arm from&nbsp;SoftBank Group(SFTBY) for $40 billion in cash and stock in a transaction that would make SoftBank the largest investor in Nvidia. The deal has attracted considerable scrutiny from both regulators and other chip companies, given Arm’s position as a leading provider of microprocessor designs to the chip industry. Almost all smartphones use processors based on Arm designs.</p>\n<p>But the U.K.’s&nbsp;<i>Sunday Times</i>&nbsp;over the weekend&nbsp;reported&nbsp;that three important Arm customers—Broadcom(AVGO), Marvell (MRVL), and Taiwan-based&nbsp;MediaTek(2454.TW)—have endorsed the transaction. None of the companies involved could immediately be reached for comment.</p>\n<p>Citi analyst Atif Malk wrote in a research note Sunday that the report is a big step forward for the proposed deal. He thinks the U.K. likely will approve the combination, given Nvidia’s public commitment to investing more in Arm’s U.K. operations. But he still sees considerable hurdles, in particular in China.</p>\n<p>“With the U.S. continuing to be aggressive against China winning in a tech race, we see China less likely to support a deal that would see them potentially losing access to Arm,” he wrote in a research note. “If Nvidia finds a way to keep the Arm China subsidiary as a separate entity without access to any [graphics processor or artificial intelligence] IP then there is a path to get both U.S. and China regulatory approval.”</p>\n<p>Malik says he says the path to approval remains narrow. He now sees a 30% chance of approval, up from a previous estimate of 10%.</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>Nvidia shares rose more than 5% to a new high</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\">\nNvidia shares rose more than 5% to a new high\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-28 22:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Nvidia shares rose more than 5% to a new high on Report Three Key Chip Makers Endorse Bid for Arm.</p>\n<p><img src=\"https://static.tigerbbs.com/05201fd147f1f824ea42bb1d0bcac789\" tg-width=\"840\" tg-height=\"470\"></p>\n<p>Three major chip makers have reportedly stepped up to say they support&nbsp;Nvidia‘s&nbsp;proposed acquisition of the U.K.-based chip-design house Arm.</p>\n<p>Last September, Nvidia (ticker: NVDA) announced a deal to acquire Arm from&nbsp;SoftBank Group(SFTBY) for $40 billion in cash and stock in a transaction that would make SoftBank the largest investor in Nvidia. The deal has attracted considerable scrutiny from both regulators and other chip companies, given Arm’s position as a leading provider of microprocessor designs to the chip industry. Almost all smartphones use processors based on Arm designs.</p>\n<p>But the U.K.’s&nbsp;<i>Sunday Times</i>&nbsp;over the weekend&nbsp;reported&nbsp;that three important Arm customers—Broadcom(AVGO), Marvell (MRVL), and Taiwan-based&nbsp;MediaTek(2454.TW)—have endorsed the transaction. None of the companies involved could immediately be reached for comment.</p>\n<p>Citi analyst Atif Malk wrote in a research note Sunday that the report is a big step forward for the proposed deal. He thinks the U.K. likely will approve the combination, given Nvidia’s public commitment to investing more in Arm’s U.K. operations. But he still sees considerable hurdles, in particular in China.</p>\n<p>“With the U.S. continuing to be aggressive against China winning in a tech race, we see China less likely to support a deal that would see them potentially losing access to Arm,” he wrote in a research note. “If Nvidia finds a way to keep the Arm China subsidiary as a separate entity without access to any [graphics processor or artificial intelligence] IP then there is a path to get both U.S. and China regulatory approval.”</p>\n<p>Malik says he says the path to approval remains narrow. He now sees a 30% chance of approval, up from a previous estimate of 10%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182036516","content_text":"Nvidia shares rose more than 5% to a new high on Report Three Key Chip Makers Endorse Bid for Arm.\n\nThree major chip makers have reportedly stepped up to say they support Nvidia‘s proposed acquisition of the U.K.-based chip-design house Arm.\nLast September, Nvidia (ticker: NVDA) announced a deal to acquire Arm from SoftBank Group(SFTBY) for $40 billion in cash and stock in a transaction that would make SoftBank the largest investor in Nvidia. The deal has attracted considerable scrutiny from both regulators and other chip companies, given Arm’s position as a leading provider of microprocessor designs to the chip industry. Almost all smartphones use processors based on Arm designs.\nBut the U.K.’s Sunday Times over the weekend reported that three important Arm customers—Broadcom(AVGO), Marvell (MRVL), and Taiwan-based MediaTek(2454.TW)—have endorsed the transaction. None of the companies involved could immediately be reached for comment.\nCiti analyst Atif Malk wrote in a research note Sunday that the report is a big step forward for the proposed deal. He thinks the U.K. likely will approve the combination, given Nvidia’s public commitment to investing more in Arm’s U.K. operations. But he still sees considerable hurdles, in particular in China.\n“With the U.S. continuing to be aggressive against China winning in a tech race, we see China less likely to support a deal that would see them potentially losing access to Arm,” he wrote in a research note. “If Nvidia finds a way to keep the Arm China subsidiary as a separate entity without access to any [graphics processor or artificial intelligence] IP then there is a path to get both U.S. and China regulatory approval.”\nMalik says he says the path to approval remains narrow. He now sees a 30% chance of approval, up from a previous estimate of 10%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192172440,"gmtCreate":1621170489980,"gmtModify":1631889049524,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Let’s gooooo","listText":"<a href=\"https://laohu8.com/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>Let’s gooooo","text":"$Palantir Technologies Inc.(PLTR)$Let’s gooooo","images":[{"img":"https://static.tigerbbs.com/055c17b678f28d28c9ce0ff2960ca890","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/192172440","isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":199698238,"gmtCreate":1620698361924,"gmtModify":1631889049533,"author":{"id":"3582784322184490","authorId":"3582784322184490","name":"lrjk1985","avatar":"https://static.tigerbbs.com/fefb89309f2792d9fd2433431d3e68c2","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582784322184490","authorIdStr":"3582784322184490"},"themes":[],"htmlText":"Stay strong. This won’t last...","listText":"Stay strong. This won’t last...","text":"Stay strong. This won’t last...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/199698238","repostId":"2134551566","repostType":4,"repost":{"id":"2134551566","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":1620678383,"share":"https://www.laohu8.com/m/news/2134551566?lang=&edition=full","pubTime":"2021-05-11 04:26","market":"us","language":"en","title":"Wall Street closes lower as inflation fears prompt tech sell-off","url":"https://stock-news.laohu8.com/highlight/detail?id=2134551566","media":"Reuters","summary":"* Electric vehicle shares drop after Workhorse miss. * Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%. NEW YORK, May 10  - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.\"The market leader","content":"<p>* Electric vehicle shares drop after Workhorse miss</p><p>* Rising commodity prices fuel inflation concerns</p><p>* Tech-related stocks pull Nasdaq lower</p><p>* Indexes down: Dow 0.10%, S&amp;P 1.04%, Nasdaq 2.55%</p><p>NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.</p><p>Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.</p><p>\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"</p><p>A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.</p><p>\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"</p><p>The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities <a href=\"https://laohu8.com/S/TIPS\">$(TIPS)$</a> touched their highest levels since 2011 and 2013, respectively.</p><p>\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.</p><p>Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.</p><p>A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.</p><p>The Dow Jones Industrial Average&nbsp;fell 34.94 points, or 0.1%, to 34,742.82, the S&amp;P 500&nbsp;lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite&nbsp;dropped 350.38 points, or 2.55%, to 13,401.86.</p><p>Of the 11 major sectors in the S&amp;P 500, six closed red. Tech was the biggest loser, sliding 2.5%.</p><p>First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&amp;P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.</p><p>Analysts now see year-on-year S&amp;P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per Refinitiv</p><p>Hotel operator Marriott International Inc&nbsp;missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.</p><p>After the bell, its rival Wynn Resorts Ltd&nbsp;missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.</p><p>Electric vehicle stocks put on the brakes, with Tesla Inc&nbsp;down 6.4% and Fisker&nbsp;off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.</p><p>FireEye&nbsp;rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.</p><p>Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.</p><p><b>Here are</b>&nbsp;<b>company's financial statements</b></p><p><a href=\"https://laohu8.com/NW/2134656364\" target=\"_blank\">Occidental Petroleum loss narrows as crude prices rebound</a></p><p><a href=\"https://laohu8.com/NW/2134406655\" target=\"_blank\">Affirm beats on revenue, sees early recovery in travel spending</a></p><p><a href=\"https://laohu8.com/NW/2134439656\" target=\"_blank\">Yalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued Operations</a></p><p><a href=\"https://laohu8.com/NW/2134564536\" target=\"_blank\">TuSimple Holdings EPS beats by $0.01, misses on revenue</a></p><p><a href=\"https://laohu8.com/NW/2134659571\" target=\"_blank\">Novavax Reports Q1 Loss, Tops Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/2134995659\" target=\"_blank\">3D Systems Surpasses Q1 Earnings and Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/1145839299\" target=\"_blank\">Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test</a></p><p><a href=\"https://laohu8.com/NW/1169419141\" target=\"_blank\">Roblox revenue grows 140% in first earnings report since company went public</a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street closes lower as inflation fears prompt tech sell-off</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street closes lower as inflation fears prompt tech sell-off\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-11 04:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Electric vehicle shares drop after Workhorse miss</p><p>* Rising commodity prices fuel inflation concerns</p><p>* Tech-related stocks pull Nasdaq lower</p><p>* Indexes down: Dow 0.10%, S&amp;P 1.04%, Nasdaq 2.55%</p><p>NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.</p><p>Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.</p><p>\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"</p><p>A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.</p><p>\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"</p><p>The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities <a href=\"https://laohu8.com/S/TIPS\">$(TIPS)$</a> touched their highest levels since 2011 and 2013, respectively.</p><p>\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.</p><p>Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.</p><p>A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.</p><p>The Dow Jones Industrial Average&nbsp;fell 34.94 points, or 0.1%, to 34,742.82, the S&amp;P 500&nbsp;lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite&nbsp;dropped 350.38 points, or 2.55%, to 13,401.86.</p><p>Of the 11 major sectors in the S&amp;P 500, six closed red. Tech was the biggest loser, sliding 2.5%.</p><p>First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&amp;P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.</p><p>Analysts now see year-on-year S&amp;P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per Refinitiv</p><p>Hotel operator Marriott International Inc&nbsp;missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.</p><p>After the bell, its rival Wynn Resorts Ltd&nbsp;missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.</p><p>Electric vehicle stocks put on the brakes, with Tesla Inc&nbsp;down 6.4% and Fisker&nbsp;off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.</p><p>FireEye&nbsp;rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.</p><p>Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.</p><p><b>Here are</b>&nbsp;<b>company's financial statements</b></p><p><a href=\"https://laohu8.com/NW/2134656364\" target=\"_blank\">Occidental Petroleum loss narrows as crude prices rebound</a></p><p><a href=\"https://laohu8.com/NW/2134406655\" target=\"_blank\">Affirm beats on revenue, sees early recovery in travel spending</a></p><p><a href=\"https://laohu8.com/NW/2134439656\" target=\"_blank\">Yalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued Operations</a></p><p><a href=\"https://laohu8.com/NW/2134564536\" target=\"_blank\">TuSimple Holdings EPS beats by $0.01, misses on revenue</a></p><p><a href=\"https://laohu8.com/NW/2134659571\" target=\"_blank\">Novavax Reports Q1 Loss, Tops Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/2134995659\" target=\"_blank\">3D Systems Surpasses Q1 Earnings and Revenue Estimates</a></p><p><a href=\"https://laohu8.com/NW/1145839299\" target=\"_blank\">Virgin Galactic shares fall after another quarterly loss, no date set for next spaceflight test</a></p><p><a href=\"https://laohu8.com/NW/1169419141\" target=\"_blank\">Roblox revenue grows 140% in first earnings report since company went public</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2134551566","content_text":"* Electric vehicle shares drop after Workhorse miss* Rising commodity prices fuel inflation concerns* Tech-related stocks pull Nasdaq lower* Indexes down: Dow 0.10%, S&P 1.04%, Nasdaq 2.55%NEW YORK, May 10 (Reuters) - Wall Street closed lower on Monday as inflation jitters drove investors away from market-leading growth stocks in favor of cyclicals, which stand to benefit most as the economy reopens.Industrial and healthcare shares limited the Dow's decline but the blue-chip average reversed course late in the session to snap a three-day streak of record closing highs.\"The market leadership is not doing all that well this year,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. \"There's been a general rotation away from growth to other parts of the market.\"A demand resurgence is colliding with strained supply of basic materials, helping to fuel inflation worries.\"Once the supply lines are rebuilt this will go away. But it's going to take some time,\" Nolte added. \"It's different from flipping on a light switch.\"The break-even rate on five-year and 10-year U.S. Treasury Inflation-Protected Securities $(TIPS)$ touched their highest levels since 2011 and 2013, respectively.\"There's still some push and pull as to whether the market believes inflation is transitory or something that's going to stick around,\" Nolte said.Inflation concerns will be in the minds of investors when the Labor Department releases its latest CPI report on Wednesday.A shutdown to halt a ransomware attack on the Colonial Pipeline entered its fourth day, hobbling a network which transports nearly half of the East Coast's fuel supplies.The Dow Jones Industrial Average fell 34.94 points, or 0.1%, to 34,742.82, the S&P 500 lost 44.17 points, or 1.04%, to 4,188.43 and the Nasdaq Composite dropped 350.38 points, or 2.55%, to 13,401.86.Of the 11 major sectors in the S&P 500, six closed red. Tech was the biggest loser, sliding 2.5%.First-quarter reporting season has entered the home stretch, with 439 of the companies in the S&P 500 having reported as of Friday. Of those, 87% have beaten consensus expectations, according to Refinitiv IBES.Analysts now see year-on-year S&P earnings growth of 50.4% on aggregate, more than double the rate forecast at the beginning of April and significantly better than the 16% first-quarter growth expected on January 1, per RefinitivHotel operator Marriott International Inc missed quarterly profit and revenue expectations due to weak U.S. bookings which offset a rebound in China. Its shares fell 4.1%.After the bell, its rival Wynn Resorts Ltd missed quarterly earnings and revenue estimates. Its shares were up in after-hours trading.Electric vehicle stocks put on the brakes, with Tesla Inc down 6.4% and Fisker off 9.0% after Workhorse Group    missed quarterly revenue expectations. Workhorse lost 14.9% on the day.FireEye rose 1.2% after industry sources identified the cybersecurity firm as among those helping Colonial Pipeline recover from the recent cyberattack.Declining issues outnumbered advancing ones on the NYSE by a 1.88-to-1 ratio; on Nasdaq, a 3.24-to-1 ratio favored decliners.The S&P 500 posted 223 new 52-week highs and no new lows; the Nasdaq Composite recorded 208 new highs and 148 new lows.Volume on U.S. exchanges was 10.97 billion shares, compared with the 10.20 billion average over the last 20 trading days.Here are company's financial statementsOccidental Petroleum loss narrows as crude prices reboundAffirm beats on revenue, sees early recovery in travel spendingYalla Group Ltd QTRLY Earnings Per Share $0.11 From Continued OperationsTuSimple Holdings EPS beats by $0.01, misses on revenueNovavax Reports Q1 Loss, Tops Revenue Estimates3D Systems Surpasses Q1 Earnings and Revenue EstimatesVirgin Galactic shares fall after another quarterly loss, no date set for next spaceflight testRoblox revenue grows 140% in first earnings report since company went public","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}