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Jinwen08

Jinwen08

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2021-06-18

Wow, one news release

2021-06-03

Has potential?

2021-06-01

What do you guys think about this?

2021-06-01

$XPeng Inc.(XPEV)$Went in today let’s see how it goes

2021-05-27

How’s this stock?

2021-05-27

$Virgin Galactic(SPCE)$Literal rocket ship

2021-05-26

How about Corning?

2021-05-26

$Virgin Galactic(SPCE)$How will it do today?

2021-05-25

$SEA LTD(SE)$Excited for market opening!

2021-05-25

This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!

10 Reasons the Cryptocurrency Bubble Is Bursting

2021-05-24

I have faith in SEA!

抱歉，原内容已删除

2021-05-22

When is digital yuan coming?

抱歉，原内容已删除

2021-05-20

Not too sure on this

抱歉，原内容已删除

2021-05-20

$SEA LTD(SE)$Gogogogo! 🚀

2021-05-20

Honestly, selling Bitcoin to pump up its profit…

抱歉，原内容已删除

2021-05-20

Exciting times

Toplines Before US Market Open on Thursday

2021-05-18

Michael burry bet is in Billion or Million?

抱歉，原内容已删除

2021-05-18

$SEA LTD(SE)$Let’s see what will happen today

2021-05-17

$AMD(AMD)$Up up up

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one news release&nbsp;","listText":"Wow, one news release&nbsp;","text":"Wow, one news release","images":[{"img":"https://static.tigerbbs.com/c421242ff9b4ec591f0197cb47359c0c","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166841250","isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":118009118,"gmtCreate":1622705122834,"gmtModify":1634098962103,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Has potential?&nbsp;","listText":"Has potential?&nbsp;","text":"Has 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this?","images":[{"img":"https://static.tigerbbs.com/ecae71f45bb7962cd2bacc5409445ad3","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119206505","isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":119622672,"gmtCreate":1622543869596,"gmtModify":1634100652629,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Went in today let’s see how it goes&nbsp;","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Went in today let’s see how it goes&nbsp;","text":"$XPeng Inc.(XPEV)$Went in today let’s see how it goes","images":[{"img":"https://static.tigerbbs.com/69800547743b9802cee797cc9640cfee","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/119622672","isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":135934307,"gmtCreate":1622125539809,"gmtModify":1634183623260,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"How’s this stock?","listText":"How’s this stock?","text":"How’s this stock?","images":[{"img":"https://static.tigerbbs.com/51b34a1a471959f9910bfcc07113c7bb","width":"1125","height":"3121"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/135934307","isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":135935651,"gmtCreate":1622125512773,"gmtModify":1634183623624,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>Literal rocket ship","listText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>Literal rocket ship","text":"$Virgin Galactic(SPCE)$Literal rocket ship","images":[{"img":"https://static.tigerbbs.com/fa1283ff186039a04454a8ef36358f5a","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/135935651","isVote":1,"tweetType":1,"viewCount":331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":136494226,"gmtCreate":1622034342165,"gmtModify":1634184494978,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"How about Corning?&nbsp;","listText":"How about Corning?&nbsp;","text":"How about Corning?","images":[{"img":"https://static.tigerbbs.com/820defe633a8e2611d3d3250e3c63f50","width":"1125","height":"3055"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/136494226","isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":136571564,"gmtCreate":1622032657858,"gmtModify":1634184512396,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>How will it do today?","listText":"<a href=\"https://laohu8.com/S/SPCE\">$Virgin Galactic(SPCE)$</a>How will it do today?","text":"$Virgin Galactic(SPCE)$How will it do today?","images":[{"img":"https://static.tigerbbs.com/dd2462b92cb7b6e2af7df5425e461d3f","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/136571564","isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138678273,"gmtCreate":1621938637492,"gmtModify":1634185342579,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Excited for market opening!&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Excited for market opening!&nbsp;","text":"$SEA LTD(SE)$Excited for market opening!","images":[{"img":"https://static.tigerbbs.com/3e56e3319a795ea63187593380afd61b","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138678273","isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":138133332,"gmtCreate":1621916210026,"gmtModify":1634185515095,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!&nbsp;","listText":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!&nbsp;","text":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138133332","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","pubTimestamp":1621915020,"share":"https://www.laohu8.com/m/news/2137132568?lang=&edition=full","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</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>10 Reasons the Cryptocurrency Bubble Is Bursting</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\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131207898,"gmtCreate":1621860827014,"gmtModify":1634186031089,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"I have faith in SEA!","listText":"I have faith in SEA!","text":"I have faith in SEA!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/131207898","repostId":"1154364832","repostType":2,"isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139512451,"gmtCreate":1621644448873,"gmtModify":1634187486378,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"When is digital yuan coming?&nbsp;","listText":"When is digital yuan coming?&nbsp;","text":"When is digital yuan coming?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/139512451","repostId":"1174075999","repostType":4,"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130113295,"gmtCreate":1621518538217,"gmtModify":1634188481571,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Not too sure on this","listText":"Not too sure on this","text":"Not too sure on this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130113295","repostId":"2136010949","repostType":4,"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130134405,"gmtCreate":1621518398607,"gmtModify":1634188484543,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Gogogogo! 🚀","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Gogogogo! 🚀","text":"$SEA LTD(SE)$Gogogogo! 🚀","images":[{"img":"https://static.tigerbbs.com/1f32819e9258abb52c073da8a07762df","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130134405","isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":130376991,"gmtCreate":1621516644613,"gmtModify":1634188506959,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Honestly, selling Bitcoin to pump up its profit…","listText":"Honestly, selling Bitcoin to pump up its profit…","text":"Honestly, selling Bitcoin to pump up its profit…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130376991","repostId":"1187748837","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130378884,"gmtCreate":1621516611848,"gmtModify":1634188507693,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Exciting times","listText":"Exciting times","text":"Exciting times","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130378884","repostId":"1194998187","repostType":4,"repost":{"id":"1194998187","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":1621512956,"share":"https://www.laohu8.com/m/news/1194998187?lang=&edition=full","pubTime":"2021-05-20 20:15","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1194998187","media":"Tiger Newspress","summary":"U.S. Futures Fall as Stocks Mixed\n\n\nCisco drops while Virgin Galactic surged in U.S. premarket tradi","content":"<ul>\n <li>U.S. Futures Fall as Stocks Mixed</li>\n</ul>\n<ul>\n <li>Cisco drops while&nbsp;Virgin Galactic&nbsp;surged&nbsp;in U.S. premarket trading; Bitcoin rises</li>\n</ul>\n<p>U.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.</p>\n<p>At 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&amp;P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9a6ac74def9edc98b38d8fec46cd1c\" tg-width=\"1080\" tg-height=\"386\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Bitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.</p>\n<p>Economic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Virgin Galactic&nbsp;</b><b>(SPCE) </b>– Virgin Galactic shares surged 25% in the premarket after the space travel company said&nbsp;the next test flight&nbsp;of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.</p>\n<p><b>Coinbase&nbsp;</b><b>(COIN)</b> – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.</p>\n<p><b>Cisco Systems&nbsp;</b><b>(CSCO) </b>– Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.</p>\n<p><b>Squarespace&nbsp;</b><b>(SQSP)</b> – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.</p>\n<p><b>Hormel Foods&nbsp;</b><b>(HRL) </b>– Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.</p>\n<p><b>BJ’s Wholesale&nbsp;</b><b>(BJ)</b> – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.</p>\n<p><b>Kohl’s&nbsp;</b><b>(KSS)</b> – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s&nbsp;earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.</p>\n<p><b>Petco&nbsp;</b><b>(WOOF) </b>– Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.</p>\n<p><b>L Brands&nbsp;</b><b>(LB) </b>– L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath &amp; Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.</p>\n<p><b>Synopsys&nbsp;</b><b>(SNPS) </b>– Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.</p>\n<p><b>Shoe Carnival&nbsp;</b><b>(SCVL)</b> – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.</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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-20 20:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. Futures Fall as Stocks Mixed</li>\n</ul>\n<ul>\n <li>Cisco drops while&nbsp;Virgin Galactic&nbsp;surged&nbsp;in U.S. premarket trading; Bitcoin rises</li>\n</ul>\n<p>U.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.</p>\n<p>At 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&amp;P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9a6ac74def9edc98b38d8fec46cd1c\" tg-width=\"1080\" tg-height=\"386\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Bitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.</p>\n<p>Economic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Virgin Galactic&nbsp;</b><b>(SPCE) </b>– Virgin Galactic shares surged 25% in the premarket after the space travel company said&nbsp;the next test flight&nbsp;of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.</p>\n<p><b>Coinbase&nbsp;</b><b>(COIN)</b> – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.</p>\n<p><b>Cisco Systems&nbsp;</b><b>(CSCO) </b>– Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.</p>\n<p><b>Squarespace&nbsp;</b><b>(SQSP)</b> – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.</p>\n<p><b>Hormel Foods&nbsp;</b><b>(HRL) </b>– Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.</p>\n<p><b>BJ’s Wholesale&nbsp;</b><b>(BJ)</b> – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.</p>\n<p><b>Kohl’s&nbsp;</b><b>(KSS)</b> – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s&nbsp;earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.</p>\n<p><b>Petco&nbsp;</b><b>(WOOF) </b>– Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.</p>\n<p><b>L Brands&nbsp;</b><b>(LB) </b>– L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath &amp; Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.</p>\n<p><b>Synopsys&nbsp;</b><b>(SNPS) </b>– Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.</p>\n<p><b>Shoe Carnival&nbsp;</b><b>(SCVL)</b> – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPCE":"维珍银河","BJ":"BJ批发俱乐部","HRL":"荷美尔","SQSP":"Squarespace Inc.","KSS":"柯尔百货",".SPX":"S&P 500 Index","COIN":"Coinbase Global, Inc.","TSLA":"特斯拉","CSCO":"思科","WOOF":"Petco Health and Wellness Company, Inc.",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194998187","content_text":"U.S. Futures Fall as Stocks Mixed\n\n\nCisco drops while Virgin Galactic surged in U.S. premarket trading; Bitcoin rises\n\nU.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.\nAt 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.\n*Source From Tiger Trade, EST 08:05\nBitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.\nEconomic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.\nStocks making the biggest moves in the premarket:\nVirgin Galactic (SPCE) – Virgin Galactic shares surged 25% in the premarket after the space travel company said the next test flight of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.\nCoinbase (COIN) – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.\nCisco Systems (CSCO) – Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.\nSquarespace (SQSP) – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.\nHormel Foods (HRL) – Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.\nBJ’s Wholesale (BJ) – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.\nKohl’s (KSS) – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.\nPetco (WOOF) – Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.\nL Brands (LB) – L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath & Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.\nSynopsys (SNPS) – Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.\nShoe Carnival (SCVL) – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.","news_type":1},"isVote":1,"tweetType":1,"viewCount":407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194123563,"gmtCreate":1621348610652,"gmtModify":1634192232539,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Michael burry bet is in Billion or Million?&nbsp;","listText":"Michael burry bet is in Billion or Million?&nbsp;","text":"Michael burry bet is in Billion or Million?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/194123563","repostId":"1187196904","repostType":2,"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194008769,"gmtCreate":1621322605451,"gmtModify":1634192453664,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Let’s see what will happen today&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Let’s see what will happen today&nbsp;","text":"$SEA LTD(SE)$Let’s see what will happen today","images":[{"img":"https://static.tigerbbs.com/bd66179b614a282d641553b6acc9c7f8","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/194008769","isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":192533521,"gmtCreate":1621215096863,"gmtModify":1634193346402,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Up up up","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Up up up","text":"$AMD(AMD)$Up up up","images":[{"img":"https://static.tigerbbs.com/51b6aa531b5dc1851b99a7db7ef3bb6e","width":"1284","height":"2457"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/192533521","isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":194008769,"gmtCreate":1621322605451,"gmtModify":1634192453664,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Let’s see what will happen today&nbsp;","listText":"<a href=\"https://laohu8.com/S/SE\">$SEA LTD(SE)$</a>Let’s see what will happen today&nbsp;","text":"$SEA LTD(SE)$Let’s see what will happen today","images":[{"img":"https://static.tigerbbs.com/bd66179b614a282d641553b6acc9c7f8","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/194008769","isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":194123563,"gmtCreate":1621348610652,"gmtModify":1634192232539,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Michael burry bet is in Billion or Million?&nbsp;","listText":"Michael burry bet is in Billion or Million?&nbsp;","text":"Michael burry bet is in Billion or Million?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/194123563","repostId":"1187196904","repostType":2,"repost":{"id":"1187196904","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":1621347134,"share":"https://www.laohu8.com/m/news/1187196904?lang=&edition=full","pubTime":"2021-05-18 22:12","market":"us","language":"en","title":"Tesla shares turn red to green","url":"https://stock-news.laohu8.com/highlight/detail?id=1187196904","media":"Tiger Newspress","summary":"Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news","content":"<p>Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame&nbsp;had made a short bet&nbsp;against the automaker worth $534 billion.</p><p><img src=\"https://static.tigerbbs.com/b03901f770f00976d53de11a23ebd586\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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 shares turn red to green</title>\n<style 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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 shares turn red to green\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-18 22:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame&nbsp;had made a short bet&nbsp;against the automaker worth $534 billion.</p><p><img src=\"https://static.tigerbbs.com/b03901f770f00976d53de11a23ebd586\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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":"1187196904","content_text":"Tesla rose in the short term, erasing the day's decline and turning up to $579.62.That followed news that investor Michael Burry of “The Big Short” fame had made a short bet against the automaker worth $534 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138133332,"gmtCreate":1621916210026,"gmtModify":1634185515095,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!&nbsp;","listText":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!&nbsp;","text":"This is depressing, but we all know this is a speculative asset, hope the bubble keep on bubbling!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/138133332","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","pubTimestamp":1621915020,"share":"https://www.laohu8.com/m/news/2137132568?lang=&edition=full","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</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>10 Reasons the Cryptocurrency Bubble Is Bursting</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\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa","COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131207898,"gmtCreate":1621860827014,"gmtModify":1634186031089,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"I have faith in SEA!","listText":"I have faith in SEA!","text":"I have faith in SEA!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/131207898","repostId":"1154364832","repostType":2,"isVote":1,"tweetType":1,"viewCount":151,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139512451,"gmtCreate":1621644448873,"gmtModify":1634187486378,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"When is digital yuan coming?&nbsp;","listText":"When is digital yuan coming?&nbsp;","text":"When is digital yuan coming?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/139512451","repostId":"1174075999","repostType":4,"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130113295,"gmtCreate":1621518538217,"gmtModify":1634188481571,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Not too sure on this","listText":"Not too sure on this","text":"Not too sure on this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130113295","repostId":"2136010949","repostType":4,"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130376991,"gmtCreate":1621516644613,"gmtModify":1634188506959,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Honestly, selling Bitcoin to pump up its profit…","listText":"Honestly, selling Bitcoin to pump up its profit…","text":"Honestly, selling Bitcoin to pump up its profit…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130376991","repostId":"1187748837","repostType":4,"repost":{"id":"1187748837","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":1621479312,"share":"https://www.laohu8.com/m/news/1187748837?lang=&edition=full","pubTime":"2021-05-20 10:55","market":"us","language":"en","title":"Has The Moment Of Truth Arrived For Tesla's Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1187748837","media":"Benzinga","summary":"When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.This description can be applied to a slew of companies, however, the issue with arguably the biggest cult following is Tesla Inc. and is the PreMarket Prep Stock Of The Day.Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff o","content":"<p>When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.</p><p>This description can be applied to a slew of companies, however, the issue with arguably the biggest cult&nbsp;following is&nbsp;<b>Tesla Inc.</b>&nbsp;and is the PreMarket Prep Stock Of The Day.</p><p><b>How Did It Get So Overvalued?</b>Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.</p><p>The first one being, the issue's 5-for-1 stock split announced on Aug.&nbsp;11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50&nbsp;on the day following the split.</p><p>Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.</p><p>On Nov. 30, when the issue was hovering at the $400 area, it was announced&nbsp;the company was going to be added to the S&amp;P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase&nbsp;shares by that date, frontrunners were out in full force.</p><p>Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.</p><p>Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just&nbsp;five sessions later.</p><p>The ultimate high wasn't made until Jan.&nbsp;25 at $900.40.</p><p>When adding the price increase in Tesla from only two of those events, the split ($225), the S&amp;P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.</p><p><img src=\"https://static.tigerbbs.com/af5de7cbce5df03f0ec42689a442f148\" tg-width=\"914\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>The Moment Of Truth Has Arrived</b>: Whatever you think of the above math and logic behind it, there is one thing for certain:&nbsp;the issue has retreated 38%&nbsp;from its all-time high and has reached a critical support level.</p><p>This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.</p><p>One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's&nbsp;going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.</p><p>Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.</p><p><i>Disclosure: The author of this article is long shares of Tesla.</i></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>Has The Moment Of Truth Arrived For Tesla's 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\">\nHas The Moment Of Truth Arrived For Tesla's Stock?\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\">2021-05-20 10:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.</p><p>This description can be applied to a slew of companies, however, the issue with arguably the biggest cult&nbsp;following is&nbsp;<b>Tesla Inc.</b>&nbsp;and is the PreMarket Prep Stock Of The Day.</p><p><b>How Did It Get So Overvalued?</b>Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.</p><p>The first one being, the issue's 5-for-1 stock split announced on Aug.&nbsp;11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50&nbsp;on the day following the split.</p><p>Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.</p><p>On Nov. 30, when the issue was hovering at the $400 area, it was announced&nbsp;the company was going to be added to the S&amp;P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase&nbsp;shares by that date, frontrunners were out in full force.</p><p>Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.</p><p>Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just&nbsp;five sessions later.</p><p>The ultimate high wasn't made until Jan.&nbsp;25 at $900.40.</p><p>When adding the price increase in Tesla from only two of those events, the split ($225), the S&amp;P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.</p><p><img src=\"https://static.tigerbbs.com/af5de7cbce5df03f0ec42689a442f148\" tg-width=\"914\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>The Moment Of Truth Has Arrived</b>: Whatever you think of the above math and logic behind it, there is one thing for certain:&nbsp;the issue has retreated 38%&nbsp;from its all-time high and has reached a critical support level.</p><p>This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.</p><p>One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's&nbsp;going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.</p><p>Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.</p><p><i>Disclosure: The author of this article is long shares of Tesla.</i></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":"1187748837","content_text":"When an issue has a ridiculous rally, reaches a ridiculous valuation and retreats, it's impossible to predict if the issue will return to its former glory.This description can be applied to a slew of companies, however, the issue with arguably the biggest cult following is Tesla Inc. and is the PreMarket Prep Stock Of The Day.How Did It Get So Overvalued?Besides the masterful influence its CEO, Elon Musk, exhibits through Twitter, there are three important events over the last nine months that have accounted for the fluff on top of an already fluffy issue.The first one being, the issue's 5-for-1 stock split announced on Aug. 11, 2020, which became effective on Aug. 28. In addition, to rallying from its price prior to the announcement ($274.88) to $442.68 (the closing price before the split), it tacked on another $50 on the day following the split.Many shorts were convinced the split put in the all-time high and were rewarded when the issue cratered to $329.86 in the next five sessions. However, there was another powerful catalyst waiting in wings.On Nov. 30, when the issue was hovering at the $400 area, it was announced the company was going to be added to the S&P 500 as of Dec. 21. In an all-out assault on indexers that would need to purchase shares by that date, frontrunners were out in full force.Over the next few weeks, the issue rallied from its Nov. 16 close ($408.09) and wasn't added to the index until the staggering price of $695. No change in the fundamentals of the company, but a 70% rally nonetheless.Once again, shorts were again convinced that the top was in and were rewarded in the short-term when Tesla swooned to $614.23 only two days later. However, when it cleared that high in the first trading session of 2021, panic buying boosted the issue to $884.49 just five sessions later.The ultimate high wasn't made until Jan. 25 at $900.40.When adding the price increase in Tesla from only two of those events, the split ($225), the S&P 500 add ($287) for a total of $512. When discounting that from its all-time, many consider the fair value of Tesla to be $388 instead of its current price around $560.The Moment Of Truth Has Arrived: Whatever you think of the above math and logic behind it, there is one thing for certain: the issue has retreated 38% from its all-time high and has reached a critical support level.This is simple math from a technical standpoint. Ahead of the January ramp, the issue bottomed in December at $541.21. Panic selling in March took the issue to $539.49 and Wednesday’s low stands at $546.98.One does not have to be a Chartered Technical Analyst to know that if the trio of lows at the $540 level is breached, it's going to get real ugly and in a hurry. Support is support until it's breached and once that happens it often becomes major resistance.Shareholders are hoping that level isn't taken out, but the longer it hangs out in this area, the more concerned they'll be.Disclosure: The author of this article is long shares of Tesla.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":130378884,"gmtCreate":1621516611848,"gmtModify":1634188507693,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"Exciting times","listText":"Exciting times","text":"Exciting times","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/130378884","repostId":"1194998187","repostType":4,"repost":{"id":"1194998187","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":1621512956,"share":"https://www.laohu8.com/m/news/1194998187?lang=&edition=full","pubTime":"2021-05-20 20:15","market":"us","language":"en","title":"Toplines Before US Market Open on Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1194998187","media":"Tiger Newspress","summary":"U.S. Futures Fall as Stocks Mixed\n\n\nCisco drops while Virgin Galactic surged in U.S. premarket tradi","content":"<ul>\n <li>U.S. Futures Fall as Stocks Mixed</li>\n</ul>\n<ul>\n <li>Cisco drops while&nbsp;Virgin Galactic&nbsp;surged&nbsp;in U.S. premarket trading; Bitcoin rises</li>\n</ul>\n<p>U.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.</p>\n<p>At 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&amp;P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9a6ac74def9edc98b38d8fec46cd1c\" tg-width=\"1080\" tg-height=\"386\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Bitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.</p>\n<p>Economic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Virgin Galactic&nbsp;</b><b>(SPCE) </b>– Virgin Galactic shares surged 25% in the premarket after the space travel company said&nbsp;the next test flight&nbsp;of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.</p>\n<p><b>Coinbase&nbsp;</b><b>(COIN)</b> – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.</p>\n<p><b>Cisco Systems&nbsp;</b><b>(CSCO) </b>– Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.</p>\n<p><b>Squarespace&nbsp;</b><b>(SQSP)</b> – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.</p>\n<p><b>Hormel Foods&nbsp;</b><b>(HRL) </b>– Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.</p>\n<p><b>BJ’s Wholesale&nbsp;</b><b>(BJ)</b> – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.</p>\n<p><b>Kohl’s&nbsp;</b><b>(KSS)</b> – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s&nbsp;earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.</p>\n<p><b>Petco&nbsp;</b><b>(WOOF) </b>– Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.</p>\n<p><b>L Brands&nbsp;</b><b>(LB) </b>– L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath &amp; Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.</p>\n<p><b>Synopsys&nbsp;</b><b>(SNPS) </b>– Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.</p>\n<p><b>Shoe Carnival&nbsp;</b><b>(SCVL)</b> – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.</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>Toplines Before US Market Open on Thursday</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\">\nToplines Before US Market Open on Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-20 20:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>U.S. Futures Fall as Stocks Mixed</li>\n</ul>\n<ul>\n <li>Cisco drops while&nbsp;Virgin Galactic&nbsp;surged&nbsp;in U.S. premarket trading; Bitcoin rises</li>\n</ul>\n<p>U.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.</p>\n<p>At 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&amp;P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f9a6ac74def9edc98b38d8fec46cd1c\" tg-width=\"1080\" tg-height=\"386\"><span>*Source From Tiger Trade, EST 08:05</span></p>\n<p>Bitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.</p>\n<p>Economic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.</p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>Virgin Galactic&nbsp;</b><b>(SPCE) </b>– Virgin Galactic shares surged 25% in the premarket after the space travel company said&nbsp;the next test flight&nbsp;of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.</p>\n<p><b>Coinbase&nbsp;</b><b>(COIN)</b> – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.</p>\n<p><b>Cisco Systems&nbsp;</b><b>(CSCO) </b>– Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.</p>\n<p><b>Squarespace&nbsp;</b><b>(SQSP)</b> – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.</p>\n<p><b>Hormel Foods&nbsp;</b><b>(HRL) </b>– Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.</p>\n<p><b>BJ’s Wholesale&nbsp;</b><b>(BJ)</b> – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.</p>\n<p><b>Kohl’s&nbsp;</b><b>(KSS)</b> – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s&nbsp;earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.</p>\n<p><b>Petco&nbsp;</b><b>(WOOF) </b>– Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.</p>\n<p><b>L Brands&nbsp;</b><b>(LB) </b>– L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath &amp; Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.</p>\n<p><b>Synopsys&nbsp;</b><b>(SNPS) </b>– Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.</p>\n<p><b>Shoe Carnival&nbsp;</b><b>(SCVL)</b> – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPCE":"维珍银河","BJ":"BJ批发俱乐部","HRL":"荷美尔","SQSP":"Squarespace Inc.","KSS":"柯尔百货",".SPX":"S&P 500 Index","COIN":"Coinbase Global, Inc.","TSLA":"特斯拉","CSCO":"思科","WOOF":"Petco Health and Wellness Company, Inc.",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194998187","content_text":"U.S. Futures Fall as Stocks Mixed\n\n\nCisco drops while Virgin Galactic surged in U.S. premarket trading; Bitcoin rises\n\nU.S. futures fell and stocks were mixed Thursday as investors weighed the prospect of reduced stimulus against signs of economic progress. Treasuries rose and oil slid.\nAt 8:05 a.m. ET, Dow e-minis were down 117 points, or 0.35%, S&P 500 e-minis were down 7 points, or 0.17%, and Nasdaq 100 e-minis were up 1 points, or 0.01%.\n*Source From Tiger Trade, EST 08:05\nBitcoin regained some lost ground to trade near $40,000, a day after a brutal selloff. Crypto-exchange operator Coinbase Global, miners Riot Blockchain and Marathon Digital Holdings rebounded between 2% and 5% in sympathy with the digital coin.\nEconomic data before the opening bell is likely to show the number of Americans filing for unemployment benefits fell to 450,000 in the week ended May 15, down for the third straight time in what could be the latest evidence of U.S. worker shortage.\nStocks making the biggest moves in the premarket:\nVirgin Galactic (SPCE) – Virgin Galactic shares surged 25% in the premarket after the space travel company said the next test flight of its SpaceShipTwo Unity will occur on May 22. Virgin Galactic said a maintenance review on VMS Eve – the mothership which will carry SpaceShipTwo Unity to altitude – had been completed.\nCoinbase (COIN) – Coinbase is on watch after the cryptocurrency exchange operator’s shares fell for the past six days in a row, now down more than 40% from its initial trade on April 14, the day it went public. Wedbush initiated coverage on the stock with an “outperform” rating, citing strong cryptocurrency adoption. Its shares rose 2% in premarket action.\nCisco Systems (CSCO) – Cisco beat estimates by a penny a share, with quarterly earnings of 83 cents per share. The networking equipment maker’s revenue also topped Wall Street forecasts, however Cisco issued weaker-than-expected current-quarter guidance. The company said its profit margins are under pressure from supply chain challenges. Cisco’s shares tumbled 5.6% in premarket trading.\nSquarespace (SQSP) – Squarespace remains on watch after the website hosting company’s stock fell during its first trading day. Squarespace went public via direct listing, with a reference price of $50 and initial trading at $48, but the value was below where it had been during a private stock sale earlier this year.\nHormel Foods (HRL) – Hormel reported quarterly earnings of 42 cents per share, a penny a share above estimates. The food producer's revenue also came in above analysts' projections. The company behind brands like Spam, Dinty Moore and Jennie-O said demand in its various channels remains elevated compared to pre-pandemic levels.\nBJ’s Wholesale (BJ) – The warehouse retailer reported quarterly earnings of 72 cents per share, 15 cents a share above estimates. Revenue beat estimates as well. The retailer’s comparable-store sales ex-fuel fell by 5%, but that was smaller than the 8.3% drop predicted by analysts who were surveyed by FactSet. BJ’s also said that the rest of 2021 remains difficult to forecast. Its shares sank 4.3% in premarket trading.\nKohl’s (KSS) – Kohl’s shares fell 6% in premarket action, despite beats on both the top and bottom lines for its latest quarter. Kohl’s earned $1.05 per share, compared to a 4 cents a share consensus estimate. Revenue topped forecasts and the retailer also raised its outlook.\nPetco (WOOF) – Petco fell 3.3% in premarket action, after reporting quarterly earnings of 17 cents per share compared to a consensus estimate of 9 cents a share. The pet products retailer’s revenue also beat Wall Street forecasts, and it raised its full-year outlook.\nL Brands (LB) – L Brands came in 4 cents a share above estimates, with quarterly profit of $1.25 per share. Revenue came in very slightly above consensus. Comparable-store sales at its Victoria’s Secret unit jumped 25%, while Bath & Body Works saw a same-store sales increase of 16%. The company is not providing guidance for the full year, and also said it is targeting the completion of its split into two separate companies for August. The company’s shares fell 1.5% in premarket action.\nSynopsys (SNPS) – Synopsys shares rose 1.7 % in the premarket after it beat top and bottom line estimates for its latest quarter, with profits nearly doubling from a year ago for the maker of semiconductor testing and design software. The company said demand is strong and that it foresees a new wave of growth ahead.\nShoe Carnival (SCVL) – Shoe Carnival shares slid 5.9% in premarket trading after the footwear retailer predicted a drop in current-quarter sales compared to a year ago. The company did not provide an outlook for the second half of the year, citing supply chain issues and other potential uncertainties.","news_type":1},"isVote":1,"tweetType":1,"viewCount":407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192533521,"gmtCreate":1621215096863,"gmtModify":1634193346402,"author":{"id":"3583478172459659","authorId":"3583478172459659","name":"Jinwen08","avatar":"https://static.tigerbbs.com/540cd2ae7e315b38c6981eb0245943de","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583478172459659","authorIdStr":"3583478172459659"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Up up up","listText":"<a href=\"https://laohu8.com/S/AMD\">$AMD(AMD)$</a>Up up up","text":"$AMD(AMD)$Up up 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