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2021-09-02

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2021-09-02

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Apple shares rose nearly 2% in early trading

2021-09-02

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2021-09-02

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2021-09-02

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Boeing Just Lost Another Customer

2021-09-02

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2021-08-08

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2021-06-29

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Crypto stocks strengthen with bitcoin

2021-06-29

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Confluent shares rose more than 8% to a new high

2021-06-29

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These 3 Stocks Will Plunge 50% or More -- If You Believe Wall Street's Bears

2021-06-29

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U.S. SEC says JPMorgan's Neovest to pay $2.75 mln penalty

2021-06-29

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2021-06-29

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Cathie Wood keeps buying shares of this autonomous drone stock

2021-06-29

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Dump FAANG and Buy These 3 Cheaper Growth Stocks Instead

2021-06-29

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Facebook Could Be A $500 Stock After Court Tosses FTC Case

2021-06-29

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The S&P 500 index rose to 4300, a new all-time high.

2021-06-29

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2021-06-29

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2021-06-29

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2 Robinhood Stocks That Could Crush Dogecoin

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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":1630503428,"share":"https://www.laohu8.com/m/news/1194937312?lang=&edition=full","pubTime":"2021-09-01 21:37","market":"us","language":"en","title":"Apple shares rose nearly 2% in early trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1194937312","media":"Tiger Newspress","summary":"Apple shares rose nearly 2% in early trading.\n\n\nWolfe Research upgrades Apple from Underperform to P","content":"<p>Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/074074cd9456d4c1a7776d87b07c5c72\" tg-width=\"885\" tg-height=\"572\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>Wolfe Research upgrades Apple&nbsp;from Underperform to Peer Perform on strong iPhone 12 demand trends that should provide a tailwind for the iPhone 13 lineup expected to launch later this month.</li>\n <li>Analyst Jeffrey Kvaal says the demand was driven by healthy U.S. operator promotions and Huawei share gains. Additional fuel is coming from the tech giant's supply chain strength, which partially offsets the global component shortage, and the \"elevated\" average selling prices.</li>\n <li>Kvaal raises Apple's price target from $135 to $155.</li>\n</ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple shares rose nearly 2% in early trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple shares rose nearly 2% in early trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-01 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Apple&nbsp;shares&nbsp;rose&nbsp;nearly&nbsp;2%&nbsp;in&nbsp;early&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/074074cd9456d4c1a7776d87b07c5c72\" tg-width=\"885\" tg-height=\"572\" width=\"100%\" height=\"auto\"></p>\n<ul>\n <li>Wolfe Research upgrades Apple&nbsp;from Underperform to Peer Perform on strong iPhone 12 demand trends that should provide a tailwind for the iPhone 13 lineup expected to launch later this month.</li>\n <li>Analyst Jeffrey Kvaal says the demand was driven by healthy U.S. operator promotions and Huawei share gains. Additional fuel is coming from the tech giant's supply chain strength, which partially offsets the global component shortage, and the \"elevated\" average selling prices.</li>\n <li>Kvaal raises Apple's price target from $135 to $155.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1194937312","content_text":"Apple shares rose nearly 2% in early trading.\n\n\nWolfe Research upgrades Apple from Underperform to Peer Perform on strong iPhone 12 demand trends that should provide a tailwind for the iPhone 13 lineup expected to launch later this month.\nAnalyst Jeffrey Kvaal says the demand was driven by healthy U.S. operator promotions and Huawei share gains. Additional fuel is coming from the tech giant's supply chain strength, which partially offsets the global component shortage, and the \"elevated\" average selling prices.\nKvaal raises Apple's price target from $135 to $155.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816423569,"gmtCreate":1630515568551,"gmtModify":1631890660788,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816423569","repostId":"1135976013","repostType":4,"isVote":1,"tweetType":1,"viewCount":418,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816423393,"gmtCreate":1630515460712,"gmtModify":1631890660792,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/816423393","repostId":"1136463591","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816423011,"gmtCreate":1630515403033,"gmtModify":1631890660792,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816423011","repostId":"2164189764","repostType":4,"repost":{"id":"2164189764","pubTimestamp":1630505640,"share":"https://www.laohu8.com/m/news/2164189764?lang=&edition=full","pubTime":"2021-09-01 22:14","market":"us","language":"en","title":"Boeing Just Lost Another Customer","url":"https://stock-news.laohu8.com/highlight/detail?id=2164189764","media":"Motley Fool","summary":"A long-standing Boeing customer is defecting to the Airbus A321neo.","content":"<p>After a sizable chunk of its commercial jet orders melted away in 2019 and 2020, <b>Boeing</b> (NYSE:BA) has started to rebuild its backlog in 2021. The plane maker has recorded positive net orders for six consecutive months. It will probably extend that streak to seven months when it reports its August order activity next week.</p>\n<p>That said, Boeing's backlog still pales in comparison to that of <b>Airbus</b> (OTC:EADSY), because of the A320neo family's advantages over the 737 MAX. This week, Airbus won an important order from British leisure airline Jet2.com, a longtime Boeing customer. This defection highlights how the U.S. aerospace giant isn't out of the woods yet.</p>\n<h2>Market share shift</h2>\n<p>In recent years, Airbus has consistently maintained a backlog advantage over Boeing, specifically in the narrow-body segment. However, the gap widened when Airbus bought a controlling stake in the CSeries aircraft program -- now known as the A220 -- in 2018, and it expanded dramatically after the Boeing 737 MAX was grounded in March 2019.</p>\n<p>As of the end of 2015, Boeing had 4,392 firm orders for its 737 family, whereas Airbus had 5,535 firm orders for its competing A320 family. That gave Airbus a 56% share of the two top aircraft manufacturers' narrow-body orders, a solid advantage but hardly a dominant position. <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> years later, Airbus' share had crept up to 57%.</p>\n<p>But by the end of July 2021, Boeing's narrow-body backlog had shrunk to just 3,314 firm orders, largely because a slew of 737 MAX orders had disappeared over the past two years. Meanwhile, Airbus ended the month with 6,100 firm orders for narrow-bodies, with the A320neo family accounting for more than 90% of that backlog. This puts Airbus' share of the two rivals' narrow-body orders at 65%.</p>\n<h2>Airbus just flipped another Boeing customer</h2>\n<p>For most of its history, Jet2.com has exclusively operated Boeing jets. Today, it has about 90 aircraft in its fleet, nearly all Boeing 737s.</p>\n<p>However, Jet2 experimented with leasing an A321 last year. The leisure-focused airline apparently liked what it saw. On Tuesday, Jet2 and Airbus announced that the carrier had placed a firm order for 36 A321neos, with options for 24 more. This confirmed earlier Reuters reports that Jet2 was on the verge of switching to Airbus. Jet2 said that the planes will arrive over a five-year period running through 2028.</p>\n<p>Airbus probably offered big discounts to pry Jet2 away from Boeing. Still, the A321neo's superior capabilities relative to the 737 MAX 9 and 737 MAX 10 gave it the opening to win this business. Jet2 will configure its A321neos with 232 seats, slightly more than the 737 MAX 10's maximum capacity of 230. Furthermore, the A321neo can operate from shorter runways than a 737 MAX 9 or 737 MAX 10, giving Jet2 greater operational flexibility.</p>\n<h2>Boeing's 737 MAX problem hasn't gone away</h2>\n<p>Jet2's decision to replace dozens of Boeing jets with A321neos shows that Airbus continues to have the upper hand within this rivalry.</p>\n<p>Of course, Boeing still has a respectable backlog for the 737 MAX, and it continues to win new orders from a handful of key customers. On the other hand, Boeing would need to significantly increase its order intake to support a sustainable return to its peak production rates. Moreover, leaning heavily on a few customers comes with big drawbacks. Most notably, big customers tend to negotiate the biggest discounts, weighing on margins.</p>\n<p>Airbus won't make things easy for Boeing. The European aircraft manufacturer plans to ramp up A320neo-family output to record levels by mid-2023, with further production increases through 2025. This will open up extra delivery slots, preventing Boeing from winning orders by default as a result of Airbus' larger backlog.</p>\n<p>The 737 family has been a big cash cow for Boeing in the past. A huge global oversupply in the wide-body market will make the 737 MAX even more important in the near term. Unfortunately, Boeing will likely have to build the 737 MAX at a slower rate and with lower margins over the next decade than investors had expected just a few years ago. That will keep Boeing stock grounded for a while.</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>Boeing Just Lost Another Customer</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\">\nBoeing Just Lost Another Customer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-01 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/01/boeing-just-lost-another-customer/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a sizable chunk of its commercial jet orders melted away in 2019 and 2020, Boeing (NYSE:BA) has started to rebuild its backlog in 2021. The plane maker has recorded positive net orders for six ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/01/boeing-just-lost-another-customer/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BA":"波音","EADSY":"空中客车集团"},"source_url":"https://www.fool.com/investing/2021/09/01/boeing-just-lost-another-customer/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2164189764","content_text":"After a sizable chunk of its commercial jet orders melted away in 2019 and 2020, Boeing (NYSE:BA) has started to rebuild its backlog in 2021. The plane maker has recorded positive net orders for six consecutive months. It will probably extend that streak to seven months when it reports its August order activity next week.\nThat said, Boeing's backlog still pales in comparison to that of Airbus (OTC:EADSY), because of the A320neo family's advantages over the 737 MAX. This week, Airbus won an important order from British leisure airline Jet2.com, a longtime Boeing customer. This defection highlights how the U.S. aerospace giant isn't out of the woods yet.\nMarket share shift\nIn recent years, Airbus has consistently maintained a backlog advantage over Boeing, specifically in the narrow-body segment. However, the gap widened when Airbus bought a controlling stake in the CSeries aircraft program -- now known as the A220 -- in 2018, and it expanded dramatically after the Boeing 737 MAX was grounded in March 2019.\nAs of the end of 2015, Boeing had 4,392 firm orders for its 737 family, whereas Airbus had 5,535 firm orders for its competing A320 family. That gave Airbus a 56% share of the two top aircraft manufacturers' narrow-body orders, a solid advantage but hardly a dominant position. Two years later, Airbus' share had crept up to 57%.\nBut by the end of July 2021, Boeing's narrow-body backlog had shrunk to just 3,314 firm orders, largely because a slew of 737 MAX orders had disappeared over the past two years. Meanwhile, Airbus ended the month with 6,100 firm orders for narrow-bodies, with the A320neo family accounting for more than 90% of that backlog. This puts Airbus' share of the two rivals' narrow-body orders at 65%.\nAirbus just flipped another Boeing customer\nFor most of its history, Jet2.com has exclusively operated Boeing jets. Today, it has about 90 aircraft in its fleet, nearly all Boeing 737s.\nHowever, Jet2 experimented with leasing an A321 last year. The leisure-focused airline apparently liked what it saw. On Tuesday, Jet2 and Airbus announced that the carrier had placed a firm order for 36 A321neos, with options for 24 more. This confirmed earlier Reuters reports that Jet2 was on the verge of switching to Airbus. Jet2 said that the planes will arrive over a five-year period running through 2028.\nAirbus probably offered big discounts to pry Jet2 away from Boeing. Still, the A321neo's superior capabilities relative to the 737 MAX 9 and 737 MAX 10 gave it the opening to win this business. Jet2 will configure its A321neos with 232 seats, slightly more than the 737 MAX 10's maximum capacity of 230. Furthermore, the A321neo can operate from shorter runways than a 737 MAX 9 or 737 MAX 10, giving Jet2 greater operational flexibility.\nBoeing's 737 MAX problem hasn't gone away\nJet2's decision to replace dozens of Boeing jets with A321neos shows that Airbus continues to have the upper hand within this rivalry.\nOf course, Boeing still has a respectable backlog for the 737 MAX, and it continues to win new orders from a handful of key customers. On the other hand, Boeing would need to significantly increase its order intake to support a sustainable return to its peak production rates. Moreover, leaning heavily on a few customers comes with big drawbacks. Most notably, big customers tend to negotiate the biggest discounts, weighing on margins.\nAirbus won't make things easy for Boeing. The European aircraft manufacturer plans to ramp up A320neo-family output to record levels by mid-2023, with further production increases through 2025. This will open up extra delivery slots, preventing Boeing from winning orders by default as a result of Airbus' larger backlog.\nThe 737 family has been a big cash cow for Boeing in the past. A huge global oversupply in the wide-body market will make the 737 MAX even more important in the near term. Unfortunately, Boeing will likely have to build the 737 MAX at a slower rate and with lower margins over the next decade than investors had expected just a few years ago. That will keep Boeing stock grounded for a while.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816429211,"gmtCreate":1630515331433,"gmtModify":1631890660793,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816429211","repostId":"2164760818","repostType":4,"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891141064,"gmtCreate":1628356340258,"gmtModify":1631890660796,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891141064","repostId":"1139912651","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159794941,"gmtCreate":1624979216883,"gmtModify":1631890660798,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159794941","repostId":"1150529415","repostType":4,"repost":{"id":"1150529415","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":1624973992,"share":"https://www.laohu8.com/m/news/1150529415?lang=&edition=full","pubTime":"2021-06-29 21:39","market":"us","language":"en","title":"Crypto stocks strengthen with bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1150529415","media":"Tiger Newspress","summary":"Crypto stocks strengthen with bitcoin.Bitcoin station on 36000 U.S. dollars / piece, for the first t","content":"<p>Crypto stocks strengthen with bitcoin.Bitcoin station on 36000 U.S. dollars / piece, for the first time since June 21, the day up 4.39%.Marathon&nbsp;Digital,Riot Blockchain,Canaan,The9,Coinbase,SOS Ltd.,Big Digital&nbsp;and&nbsp;Square&nbsp;climbed between 2% and 10%.</p>\n<p><img src=\"https://static.tigerbbs.com/a4dab206c84d9e5f82c395a1b2a79c54\" tg-width=\"354\" tg-height=\"720\" 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>Crypto stocks strengthen with bitcoin</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\">\nCrypto stocks strengthen with bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-29 21:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Crypto stocks strengthen with bitcoin.Bitcoin station on 36000 U.S. dollars / piece, for the first time since June 21, the day up 4.39%.Marathon&nbsp;Digital,Riot Blockchain,Canaan,The9,Coinbase,SOS Ltd.,Big Digital&nbsp;and&nbsp;Square&nbsp;climbed between 2% and 10%.</p>\n<p><img src=\"https://static.tigerbbs.com/a4dab206c84d9e5f82c395a1b2a79c54\" tg-width=\"354\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"Marathon Digital Holdings Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150529415","content_text":"Crypto stocks strengthen with bitcoin.Bitcoin station on 36000 U.S. dollars / piece, for the first time since June 21, the day up 4.39%.Marathon Digital,Riot Blockchain,Canaan,The9,Coinbase,SOS Ltd.,Big Digital and Square climbed between 2% and 10%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159795908,"gmtCreate":1624979190204,"gmtModify":1631890660804,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159795908","repostId":"1142501982","repostType":4,"repost":{"id":"1142501982","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":1624974689,"share":"https://www.laohu8.com/m/news/1142501982?lang=&edition=full","pubTime":"2021-06-29 21:51","market":"us","language":"en","title":"Confluent shares rose more than 8% to a new high","url":"https://stock-news.laohu8.com/highlight/detail?id=1142501982","media":"Tiger Newspress","summary":"Confluent shares rose more than 8% to a new high.Confluent surged more than 60% since its IPO.\n\nConf","content":"<p>Confluent shares rose more than 8% to a new high.Confluent surged more than 60% since its IPO.</p>\n<p><img src=\"https://static.tigerbbs.com/683b93c9d95124ef30e1d744eeae4da4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Confluent's IPO date on Nasdaq was June 24.&nbsp;The company priced its shares at $36 to raise $828&nbsp;million through an offering of 23 million shares, under the ticker CFLT. This was above the expected range of between $29 and $33, and the company may be set for a valuation of more than $9 billion.</p>\n<p><b>What does Confluent do?</b></p>\n<p>Confluent is a Silicon Valley-based tech company that enables enterprises to access and interpret fluid data in the form of real-time streams, in order to better manage their operations. Information is derived from sensors placed in areas such as manufacturing floors and retail stores, which are used to monitor everything from inventory levels to stock capacity. Then, the information is transferred to a data lake for analysis.</p>\n<p>The company was founded in 2014 by LinkedIn engineers Jay Kreps, Jun Rao and Neha Narkhede, who created Apache Kafka, the open source ‘distributed storage system’ on which Confluent is based. With a $500,000 backing from LinkedIn, the trio rolled out the software platform for early use cases at the professional network, handling data streams with billions of messages.</p>\n<p>However, the ambition was bigger, and the same year the founders secured a $6.9 million round of funding led by venture capital firm Benchmark. The company quickly secured the custom of a range of tech luminaries, from Twitter to Netflix to Uber, which used the service for such functions as real-time analytics and fraud prevention.</p>\n<p>Confluent would go on to raise a further four rounds to the present day, totalling some $456 billion, according to Crunchbase.</p>\n<p>As of most recent 2020 figures, the company’s revenues are in excess of $300 million, with revenue in the first quarter of 2021 jumping 51% from the year previous. The company has around 1,500 employees.</p>\n<p><b>What is Confluent’s competition?</b></p>\n<p>Confluent’s competition comes from the likes of Amazon Web Services, Apache Software Foundation, Cloudera and Microsoft. While the company has partnerships with some of the tech giants (see below) it is also faced with the prospect of competing against many of them. However, the edge may be in Kreps’ assertion that the Apache Kafka system is faster than traditional messaging systems, and hence more suited to large volume data streams.</p>\n<p><b>How does Confluent make money?</b></p>\n<p>Confluent makes money through subscriptions of its products Confluent Cloud, a fully-managed cloud-based software as a service offering, as well as its Confluent Platform, its self-managed multicloud software product. It also sells support licenses for its open-source software, as well as proprietary software, freemium services and other miscellaneous licenses.</p>\n<p><b>What is Confluent 's business strategy?</b></p>\n<p>Confluent’s business strategy is based on the concept of combining on-premises services with managed services, as mentioned above. However, the company reportedly sees the coronavirus pandemic, which resulted in customers needing to advance their digital capabilities on less budget, as accelerating a shift to managed services.</p>\n<p>June 2020 saw the company hire new CFO Steffan Tomlinson, former CFO of Google’s cloud division and armed with a demonstrable track record in IPOs, indicating the company’s appetite for flotation and accelerated growth.</p>\n<p>The company has also initiated partnerships with giant tech incumbents to broaden its reach. In April 2019 it partnered with Google Cloud and integrated Confluent’s managed service with Google Cloud Platform.</p>\n<p>Additionally, November 2020 saw the company announce plans for a partnership with IBM, where the computer manufacturer would be reselling Confluent Platform to its own users.</p>\n<p>Finally, in January 2021 Confluent unveiled a strategic alliance with Microsoft that would allow Confluent Cloud to be accessed as a fully managed service directly available on Microsoft Azure.</p>\n<p><b>Is Confluent profitable?</b></p>\n<p>Confluent is not currency profitable; it reportedly lost $229.8 million in 2020. That year, the company’s losses widened following a jump in operating expenses to $122.5 million, although this was caused mainly by equity compensation to investors.</p>\n<p>As with all highly-capitalised businesses with a significant burn rate, investors will be watchful of the scale of losses and if Confluent’s margins look to trend in the right direction soon.</p>\n<p><b>How much is Confluent worth?</b></p>\n<p>The 2021 Confluent IPO could see a valuation of around $9 billion.</p>\n<p>Prior to that, the most recent valuation in April 2020, when it raised a $250 million series E round of funding, saw Confluent worth $4.5 billion, with a 2019 raise of $125 million equalling a $2.5 billion valuation.</p>\n<p><b>Who owns Confluent?</b></p>\n<p>Confluent is owned by a variety of shareholders, with Benchmark as the largest at 15.3% ownership of Confluent's common stock. Other stakes are held by the likes of Sequoia Capital (9.3%), Index Ventures (13%) and Jun Rao (10.6%). The percentage of the business retained by the founders is unclear.</p>\n<p><b>Who are the directors of Confluent?</b></p>\n<p>Confluent has a number of key personnel that have helped progress the company to its current multi-billion dollar valuation. Here are some of them, correct as of June 21 2021.</p>\n<p></p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Position</b></p></td>\n   <td><p><b>Name</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Founder and CEO</p></td>\n   <td><p>Jay Kreps</p></td>\n  </tr>\n  <tr>\n   <td><p>Co-founder</p></td>\n   <td><p>Jun Rao</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Financial Officer</p></td>\n   <td><p>Steffan Tomlinson</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Marketing Officer</p></td>\n   <td><p>Stephanie Buscemi</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Product and Engineering Officer</p></td>\n   <td><p>Ganesh Srinivasan</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief People Officer</p></td>\n   <td><p>Cheryl Dalrymple</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Customer Officer</p></td>\n   <td><p>Roger Scott</p></td>\n  </tr>\n </tbody>\n</table>\n<p></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>Confluent shares rose more than 8% to a new high</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nConfluent shares rose more than 8% to a new high\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-29 21:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Confluent shares rose more than 8% to a new high.Confluent surged more than 60% since its IPO.</p>\n<p><img src=\"https://static.tigerbbs.com/683b93c9d95124ef30e1d744eeae4da4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Confluent's IPO date on Nasdaq was June 24.&nbsp;The company priced its shares at $36 to raise $828&nbsp;million through an offering of 23 million shares, under the ticker CFLT. This was above the expected range of between $29 and $33, and the company may be set for a valuation of more than $9 billion.</p>\n<p><b>What does Confluent do?</b></p>\n<p>Confluent is a Silicon Valley-based tech company that enables enterprises to access and interpret fluid data in the form of real-time streams, in order to better manage their operations. Information is derived from sensors placed in areas such as manufacturing floors and retail stores, which are used to monitor everything from inventory levels to stock capacity. Then, the information is transferred to a data lake for analysis.</p>\n<p>The company was founded in 2014 by LinkedIn engineers Jay Kreps, Jun Rao and Neha Narkhede, who created Apache Kafka, the open source ‘distributed storage system’ on which Confluent is based. With a $500,000 backing from LinkedIn, the trio rolled out the software platform for early use cases at the professional network, handling data streams with billions of messages.</p>\n<p>However, the ambition was bigger, and the same year the founders secured a $6.9 million round of funding led by venture capital firm Benchmark. The company quickly secured the custom of a range of tech luminaries, from Twitter to Netflix to Uber, which used the service for such functions as real-time analytics and fraud prevention.</p>\n<p>Confluent would go on to raise a further four rounds to the present day, totalling some $456 billion, according to Crunchbase.</p>\n<p>As of most recent 2020 figures, the company’s revenues are in excess of $300 million, with revenue in the first quarter of 2021 jumping 51% from the year previous. The company has around 1,500 employees.</p>\n<p><b>What is Confluent’s competition?</b></p>\n<p>Confluent’s competition comes from the likes of Amazon Web Services, Apache Software Foundation, Cloudera and Microsoft. While the company has partnerships with some of the tech giants (see below) it is also faced with the prospect of competing against many of them. However, the edge may be in Kreps’ assertion that the Apache Kafka system is faster than traditional messaging systems, and hence more suited to large volume data streams.</p>\n<p><b>How does Confluent make money?</b></p>\n<p>Confluent makes money through subscriptions of its products Confluent Cloud, a fully-managed cloud-based software as a service offering, as well as its Confluent Platform, its self-managed multicloud software product. It also sells support licenses for its open-source software, as well as proprietary software, freemium services and other miscellaneous licenses.</p>\n<p><b>What is Confluent 's business strategy?</b></p>\n<p>Confluent’s business strategy is based on the concept of combining on-premises services with managed services, as mentioned above. However, the company reportedly sees the coronavirus pandemic, which resulted in customers needing to advance their digital capabilities on less budget, as accelerating a shift to managed services.</p>\n<p>June 2020 saw the company hire new CFO Steffan Tomlinson, former CFO of Google’s cloud division and armed with a demonstrable track record in IPOs, indicating the company’s appetite for flotation and accelerated growth.</p>\n<p>The company has also initiated partnerships with giant tech incumbents to broaden its reach. In April 2019 it partnered with Google Cloud and integrated Confluent’s managed service with Google Cloud Platform.</p>\n<p>Additionally, November 2020 saw the company announce plans for a partnership with IBM, where the computer manufacturer would be reselling Confluent Platform to its own users.</p>\n<p>Finally, in January 2021 Confluent unveiled a strategic alliance with Microsoft that would allow Confluent Cloud to be accessed as a fully managed service directly available on Microsoft Azure.</p>\n<p><b>Is Confluent profitable?</b></p>\n<p>Confluent is not currency profitable; it reportedly lost $229.8 million in 2020. That year, the company’s losses widened following a jump in operating expenses to $122.5 million, although this was caused mainly by equity compensation to investors.</p>\n<p>As with all highly-capitalised businesses with a significant burn rate, investors will be watchful of the scale of losses and if Confluent’s margins look to trend in the right direction soon.</p>\n<p><b>How much is Confluent worth?</b></p>\n<p>The 2021 Confluent IPO could see a valuation of around $9 billion.</p>\n<p>Prior to that, the most recent valuation in April 2020, when it raised a $250 million series E round of funding, saw Confluent worth $4.5 billion, with a 2019 raise of $125 million equalling a $2.5 billion valuation.</p>\n<p><b>Who owns Confluent?</b></p>\n<p>Confluent is owned by a variety of shareholders, with Benchmark as the largest at 15.3% ownership of Confluent's common stock. Other stakes are held by the likes of Sequoia Capital (9.3%), Index Ventures (13%) and Jun Rao (10.6%). The percentage of the business retained by the founders is unclear.</p>\n<p><b>Who are the directors of Confluent?</b></p>\n<p>Confluent has a number of key personnel that have helped progress the company to its current multi-billion dollar valuation. Here are some of them, correct as of June 21 2021.</p>\n<p></p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Position</b></p></td>\n   <td><p><b>Name</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Founder and CEO</p></td>\n   <td><p>Jay Kreps</p></td>\n  </tr>\n  <tr>\n   <td><p>Co-founder</p></td>\n   <td><p>Jun Rao</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Financial Officer</p></td>\n   <td><p>Steffan Tomlinson</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Marketing Officer</p></td>\n   <td><p>Stephanie Buscemi</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Product and Engineering Officer</p></td>\n   <td><p>Ganesh Srinivasan</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief People Officer</p></td>\n   <td><p>Cheryl Dalrymple</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Customer Officer</p></td>\n   <td><p>Roger Scott</p></td>\n  </tr>\n </tbody>\n</table>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CFLT":"Confluent, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142501982","content_text":"Confluent shares rose more than 8% to a new high.Confluent surged more than 60% since its IPO.\n\nConfluent's IPO date on Nasdaq was June 24. The company priced its shares at $36 to raise $828 million through an offering of 23 million shares, under the ticker CFLT. This was above the expected range of between $29 and $33, and the company may be set for a valuation of more than $9 billion.\nWhat does Confluent do?\nConfluent is a Silicon Valley-based tech company that enables enterprises to access and interpret fluid data in the form of real-time streams, in order to better manage their operations. Information is derived from sensors placed in areas such as manufacturing floors and retail stores, which are used to monitor everything from inventory levels to stock capacity. Then, the information is transferred to a data lake for analysis.\nThe company was founded in 2014 by LinkedIn engineers Jay Kreps, Jun Rao and Neha Narkhede, who created Apache Kafka, the open source ‘distributed storage system’ on which Confluent is based. With a $500,000 backing from LinkedIn, the trio rolled out the software platform for early use cases at the professional network, handling data streams with billions of messages.\nHowever, the ambition was bigger, and the same year the founders secured a $6.9 million round of funding led by venture capital firm Benchmark. The company quickly secured the custom of a range of tech luminaries, from Twitter to Netflix to Uber, which used the service for such functions as real-time analytics and fraud prevention.\nConfluent would go on to raise a further four rounds to the present day, totalling some $456 billion, according to Crunchbase.\nAs of most recent 2020 figures, the company’s revenues are in excess of $300 million, with revenue in the first quarter of 2021 jumping 51% from the year previous. The company has around 1,500 employees.\nWhat is Confluent’s competition?\nConfluent’s competition comes from the likes of Amazon Web Services, Apache Software Foundation, Cloudera and Microsoft. While the company has partnerships with some of the tech giants (see below) it is also faced with the prospect of competing against many of them. However, the edge may be in Kreps’ assertion that the Apache Kafka system is faster than traditional messaging systems, and hence more suited to large volume data streams.\nHow does Confluent make money?\nConfluent makes money through subscriptions of its products Confluent Cloud, a fully-managed cloud-based software as a service offering, as well as its Confluent Platform, its self-managed multicloud software product. It also sells support licenses for its open-source software, as well as proprietary software, freemium services and other miscellaneous licenses.\nWhat is Confluent 's business strategy?\nConfluent’s business strategy is based on the concept of combining on-premises services with managed services, as mentioned above. However, the company reportedly sees the coronavirus pandemic, which resulted in customers needing to advance their digital capabilities on less budget, as accelerating a shift to managed services.\nJune 2020 saw the company hire new CFO Steffan Tomlinson, former CFO of Google’s cloud division and armed with a demonstrable track record in IPOs, indicating the company’s appetite for flotation and accelerated growth.\nThe company has also initiated partnerships with giant tech incumbents to broaden its reach. In April 2019 it partnered with Google Cloud and integrated Confluent’s managed service with Google Cloud Platform.\nAdditionally, November 2020 saw the company announce plans for a partnership with IBM, where the computer manufacturer would be reselling Confluent Platform to its own users.\nFinally, in January 2021 Confluent unveiled a strategic alliance with Microsoft that would allow Confluent Cloud to be accessed as a fully managed service directly available on Microsoft Azure.\nIs Confluent profitable?\nConfluent is not currency profitable; it reportedly lost $229.8 million in 2020. That year, the company’s losses widened following a jump in operating expenses to $122.5 million, although this was caused mainly by equity compensation to investors.\nAs with all highly-capitalised businesses with a significant burn rate, investors will be watchful of the scale of losses and if Confluent’s margins look to trend in the right direction soon.\nHow much is Confluent worth?\nThe 2021 Confluent IPO could see a valuation of around $9 billion.\nPrior to that, the most recent valuation in April 2020, when it raised a $250 million series E round of funding, saw Confluent worth $4.5 billion, with a 2019 raise of $125 million equalling a $2.5 billion valuation.\nWho owns Confluent?\nConfluent is owned by a variety of shareholders, with Benchmark as the largest at 15.3% ownership of Confluent's common stock. Other stakes are held by the likes of Sequoia Capital (9.3%), Index Ventures (13%) and Jun Rao (10.6%). The percentage of the business retained by the founders is unclear.\nWho are the directors of Confluent?\nConfluent has a number of key personnel that have helped progress the company to its current multi-billion dollar valuation. Here are some of them, correct as of June 21 2021.\n\n\n\n\nPosition\nName\n\n\nFounder and CEO\nJay Kreps\n\n\nCo-founder\nJun Rao\n\n\nChief Financial Officer\nSteffan Tomlinson\n\n\nChief Marketing Officer\nStephanie Buscemi\n\n\nChief Product and Engineering Officer\nGanesh Srinivasan\n\n\nChief People Officer\nCheryl Dalrymple\n\n\nChief Customer Officer\nRoger Scott","news_type":1},"isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159792172,"gmtCreate":1624979167496,"gmtModify":1631890660805,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159792172","repostId":"2147585785","repostType":4,"repost":{"id":"2147585785","pubTimestamp":1624975347,"share":"https://www.laohu8.com/m/news/2147585785?lang=&edition=full","pubTime":"2021-06-29 22:02","market":"us","language":"en","title":"These 3 Stocks Will Plunge 50% or More -- If You Believe Wall Street's Bears","url":"https://stock-news.laohu8.com/highlight/detail?id=2147585785","media":"Motley Fool","summary":"Will short-sellers get proven right on these companies?","content":"<p>There's a lot of controversy right now about stocks going through difficult times. Many institutional investors on Wall Street and elsewhere take the opportunity to take short positions against companies whose shares they anticipate falling precipitously from current levels. Yet the WallStreetBets phenomenon has crushed some major institutions that have tried using that strategy, sending some stocks sharply higher despite their challenges.</p>\n<p>Wall Street analysts are usually reluctant to recommend against stocks, and they certainly don't have a perfect track record. However, seeing where analysts believe there are difficulties ahead for certain stocks could be a great place to start your research -- whether you agree with them or vehemently disagree. Below, we'll look at three stocks that the most pessimistic analysts on Wall Street see plunging 50% or more in the near future, with the goal of providing some insight that could help you make your own decision.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d1f7dc1f700e609bc5edb8afc726c47\" tg-width=\"700\" tg-height=\"540\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p><b>1. Transocean</b></p>\n<p>Shares of drilling specialist&nbsp;<b>Transocean</b>(NYSE:RIG)&nbsp;have seen a lot of ups and downs in recent years, and unfortunately, long-term investors have suffered through a lot more down times. With oil prices having fallen from triple-digit levels, Transocean's stock has lost more than 90% of its value since the early to mid-2010s. Yet more recently, the stock has perked up along with rising crude prices, jumping nearly sevenfold from its worst levels just last October.</p>\n<p>Most analysts seem to think the driller's shares have come too far too quickly. Currently trading at nearly $4.50 per share, the average price target is 44% lower at $2.50. The lowest target is at just $0.50 per share -- nearly 90% lower than current share prices.</p>\n<p>Comments from&nbsp;<b>Barclays</b>&nbsp;are fairly representative of what Wall Street is saying about Transocean. In March, Barclays cut its rating from equal weight to underweight, and its $2 price target for the stock represented a more than 50% haircut from where the stock was trading at the time. Barclays argued the share price seemed overly optimistic about a&nbsp;recovery in offshore drilling activity.</p>\n<p>Nevertheless, crude prices have continued to rise since then, and the stock has climbed despite short interest of about 14% of Transocean's current float. Further strength in oil markets should help Transocean's business, but it's unclear whether the stock has already taken a recovery into account.</p>\n<p><b>2. American Airlines Group</b></p>\n<p>A different recovery play is somewhat more controversial.<b>American Airlines Group</b>(NASDAQ:AAL)&nbsp;saw its stock plunge at the beginning of the COVID-19 pandemic, as air travel ground to a halt. Massive losses have plagued the airline since, and those losses could continue well into the future. Yet hopes for a long-term recovery have helped American's stock regain much of the ground it lost.</p>\n<p>Analysts are also divided on American's prospects.<b>Jefferies</b>&nbsp;upgraded the stock from underperform to hold and set a $25 per share price target, pointing to recovery prospects that should outweigh the danger from high debt levels. Analysts at Susquehanna, however, haven't budged from their negative rating on American, and its $10 per share price target reflected the belief that&nbsp;domestic-only airlines&nbsp;would likely outperform in the early stage of the recovery as international pandemic-related restrictions have remained in place.</p>\n<p>With short interest of more than 14% of the stock's float, American has a large contingent of investors betting against it. Yet theairlines&nbsp; have been popular picks among retail investors, and that sets up the tug of war that we've seen with many companies in recent months.</p>\n<p><b>3. AMC Entertainment Holdings</b></p>\n<p>Finally,<b>AMC Entertainment Holdings</b>(NYSE:AMC)is a big battleground in the investing community. The movie theater operator's stock has soared 2,500% since the beginning of the year. Yet analysts are universally convinced that the share price will fall back to earth, with price targets ranging from $16 on the high side to just $1 on the low side. Those calls imply declines of 70% to 98% from current levels.</p>\n<p>Here, though, the investment community itself has defied those analyst calls. In early June, AMC raised $587 million by selling 11.55 million shares at a price above $50 per share. That was a huge improvement over an earlier capital raise in late April and early May of 43 million shares at an average stock price just under $10.</p>\n<p>Despite -- or perhaps because of -- the huge run-up in AMC's stock price, short interest remains high at 17% of float. It's inevitable that AMC's business will improve when people return to theaters again in full force, butwhether the stock can hold onto its gainsis a different story entirely.</p>\n<p><b>Will Wall Street win?</b></p>\n<p>Wall Street has been notoriously wrong with some of its short-selling calls in recent months. In many investors' minds, that makes bearish picks like these potential<i>buy</i>candidates rather than stocks to be shunned.</p>\n<p>Nevertheless, all three of these stocks serve as reminders that stock prices rise in advance of improving industry conditions. It's entirely possible that even if their underlying businesses see ongoing signs of recovery, their shares could still fall in the short run from current levels.</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>These 3 Stocks Will Plunge 50% or More -- If You Believe Wall Street's Bears</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\">\nThese 3 Stocks Will Plunge 50% or More -- If You Believe Wall Street's Bears\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/29/3-stocks-plunge-50-if-believe-wall-street-bears/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's a lot of controversy right now about stocks going through difficult times. Many institutional investors on Wall Street and elsewhere take the opportunity to take short positions against ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/29/3-stocks-plunge-50-if-believe-wall-street-bears/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIG":"Transocean Ltd.","AMC":"AMC院线","AAL":"美国航空"},"source_url":"https://www.fool.com/investing/2021/06/29/3-stocks-plunge-50-if-believe-wall-street-bears/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147585785","content_text":"There's a lot of controversy right now about stocks going through difficult times. Many institutional investors on Wall Street and elsewhere take the opportunity to take short positions against companies whose shares they anticipate falling precipitously from current levels. Yet the WallStreetBets phenomenon has crushed some major institutions that have tried using that strategy, sending some stocks sharply higher despite their challenges.\nWall Street analysts are usually reluctant to recommend against stocks, and they certainly don't have a perfect track record. However, seeing where analysts believe there are difficulties ahead for certain stocks could be a great place to start your research -- whether you agree with them or vehemently disagree. Below, we'll look at three stocks that the most pessimistic analysts on Wall Street see plunging 50% or more in the near future, with the goal of providing some insight that could help you make your own decision.\nIMAGE SOURCE: GETTY IMAGES.\n1. Transocean\nShares of drilling specialist Transocean(NYSE:RIG) have seen a lot of ups and downs in recent years, and unfortunately, long-term investors have suffered through a lot more down times. With oil prices having fallen from triple-digit levels, Transocean's stock has lost more than 90% of its value since the early to mid-2010s. Yet more recently, the stock has perked up along with rising crude prices, jumping nearly sevenfold from its worst levels just last October.\nMost analysts seem to think the driller's shares have come too far too quickly. Currently trading at nearly $4.50 per share, the average price target is 44% lower at $2.50. The lowest target is at just $0.50 per share -- nearly 90% lower than current share prices.\nComments from Barclays are fairly representative of what Wall Street is saying about Transocean. In March, Barclays cut its rating from equal weight to underweight, and its $2 price target for the stock represented a more than 50% haircut from where the stock was trading at the time. Barclays argued the share price seemed overly optimistic about a recovery in offshore drilling activity.\nNevertheless, crude prices have continued to rise since then, and the stock has climbed despite short interest of about 14% of Transocean's current float. Further strength in oil markets should help Transocean's business, but it's unclear whether the stock has already taken a recovery into account.\n2. American Airlines Group\nA different recovery play is somewhat more controversial.American Airlines Group(NASDAQ:AAL) saw its stock plunge at the beginning of the COVID-19 pandemic, as air travel ground to a halt. Massive losses have plagued the airline since, and those losses could continue well into the future. Yet hopes for a long-term recovery have helped American's stock regain much of the ground it lost.\nAnalysts are also divided on American's prospects.Jefferies upgraded the stock from underperform to hold and set a $25 per share price target, pointing to recovery prospects that should outweigh the danger from high debt levels. Analysts at Susquehanna, however, haven't budged from their negative rating on American, and its $10 per share price target reflected the belief that domestic-only airlines would likely outperform in the early stage of the recovery as international pandemic-related restrictions have remained in place.\nWith short interest of more than 14% of the stock's float, American has a large contingent of investors betting against it. Yet theairlines  have been popular picks among retail investors, and that sets up the tug of war that we've seen with many companies in recent months.\n3. AMC Entertainment Holdings\nFinally,AMC Entertainment Holdings(NYSE:AMC)is a big battleground in the investing community. The movie theater operator's stock has soared 2,500% since the beginning of the year. Yet analysts are universally convinced that the share price will fall back to earth, with price targets ranging from $16 on the high side to just $1 on the low side. Those calls imply declines of 70% to 98% from current levels.\nHere, though, the investment community itself has defied those analyst calls. In early June, AMC raised $587 million by selling 11.55 million shares at a price above $50 per share. That was a huge improvement over an earlier capital raise in late April and early May of 43 million shares at an average stock price just under $10.\nDespite -- or perhaps because of -- the huge run-up in AMC's stock price, short interest remains high at 17% of float. It's inevitable that AMC's business will improve when people return to theaters again in full force, butwhether the stock can hold onto its gainsis a different story entirely.\nWill Wall Street win?\nWall Street has been notoriously wrong with some of its short-selling calls in recent months. In many investors' minds, that makes bearish picks like these potentialbuycandidates rather than stocks to be shunned.\nNevertheless, all three of these stocks serve as reminders that stock prices rise in advance of improving industry conditions. It's entirely possible that even if their underlying businesses see ongoing signs of recovery, their shares could still fall in the short run from current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159796619,"gmtCreate":1624979146031,"gmtModify":1631893769760,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159796619","repostId":"2147686670","repostType":4,"repost":{"id":"2147686670","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624975682,"share":"https://www.laohu8.com/m/news/2147686670?lang=&edition=full","pubTime":"2021-06-29 22:08","market":"us","language":"en","title":"U.S. SEC says JPMorgan's Neovest to pay $2.75 mln penalty","url":"https://stock-news.laohu8.com/highlight/detail?id=2147686670","media":"Reuters","summary":"NEW YORK, June 29 (Reuters) - A unit of JPMorgan Chase & Co that provides an order and execution man","content":"<p>NEW YORK, June 29 (Reuters) - A unit of JPMorgan Chase &amp; Co&nbsp;that provides an order and execution management system that facilitates electronic trading will pay $2.75 million fine for failing to register as a broker-dealer, the U.S. Securities and Exchange Commission said on Tuesday.</p>\n<p>The SEC said its case against JPMorgan's Neovest Inc unit is its first charging an OEMS provider for operating as an unregistered broker-dealer. Neovest agreed to the fine and an SEC censure without admitting or denying wrongdoing.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. SEC says JPMorgan's Neovest to pay $2.75 mln penalty</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. SEC says JPMorgan's Neovest to pay $2.75 mln penalty\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-29 22:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, June 29 (Reuters) - A unit of JPMorgan Chase &amp; Co&nbsp;that provides an order and execution management system that facilitates electronic trading will pay $2.75 million fine for failing to register as a broker-dealer, the U.S. Securities and Exchange Commission said on Tuesday.</p>\n<p>The SEC said its case against JPMorgan's Neovest Inc unit is its first charging an OEMS provider for operating as an unregistered broker-dealer. Neovest agreed to the fine and an SEC censure without admitting or denying wrongdoing.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147686670","content_text":"NEW YORK, June 29 (Reuters) - A unit of JPMorgan Chase & Co that provides an order and execution management system that facilitates electronic trading will pay $2.75 million fine for failing to register as a broker-dealer, the U.S. Securities and Exchange Commission said on Tuesday.\nThe SEC said its case against JPMorgan's Neovest Inc unit is its first charging an OEMS provider for operating as an unregistered broker-dealer. Neovest agreed to the fine and an SEC censure without admitting or denying wrongdoing.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159796989,"gmtCreate":1624979130141,"gmtModify":1631893769772,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159796989","repostId":"1120857817","repostType":4,"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159798383,"gmtCreate":1624979109742,"gmtModify":1631893769811,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159798383","repostId":"1174482700","repostType":4,"repost":{"id":"1174482700","pubTimestamp":1624976083,"share":"https://www.laohu8.com/m/news/1174482700?lang=&edition=full","pubTime":"2021-06-29 22:14","market":"us","language":"en","title":"Cathie Wood keeps buying shares of this autonomous drone stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1174482700","media":"CNBC","summary":"Cathie Wood’s Ark Invest added to its position in Kratos Defense & Security on Monday, with the acti","content":"<div>\n<p>Cathie Wood’s Ark Invest added to its position in Kratos Defense & Security on Monday, with the active exchange-traded fund manager having built a significant stake in the drone specialist.\nKratos is ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/cathie-wood-keeps-buying-shares-of-autonomous-drone-stock-kratos.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood keeps buying shares of this autonomous drone 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\">\nCathie Wood keeps buying shares of this autonomous drone stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/29/cathie-wood-keeps-buying-shares-of-autonomous-drone-stock-kratos.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood’s Ark Invest added to its position in Kratos Defense & Security on Monday, with the active exchange-traded fund manager having built a significant stake in the drone specialist.\nKratos is ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/29/cathie-wood-keeps-buying-shares-of-autonomous-drone-stock-kratos.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KTOS":"克瑞拓斯安全防卫","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKG":"ARK Genomic Revolution ETF","ARKF":"ARK Fintech Innovation ETF"},"source_url":"https://www.cnbc.com/2021/06/29/cathie-wood-keeps-buying-shares-of-autonomous-drone-stock-kratos.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174482700","content_text":"Cathie Wood’s Ark Invest added to its position in Kratos Defense & Security on Monday, with the active exchange-traded fund manager having built a significant stake in the drone specialist.\nKratos is the fourth largest holding in ARKQ, the firm’s “autonomous technology & robotics” ETF.\nARKQ added 62,520 shares of Kratos on Monday and 854,010 shares last month, with the fund now owning 6.9 million shares of the stock. Kratos trails only Tesla,JD.com and Trimble among ARKQ’s top holdings by weight.\nShares of Kratos rose 2% in trading, up from its previous close of $27.31. The stock is flat for 2021, but has climbed 76% over the past 12 months.\nKratos’ business is focused on growing its autonomous tactical drone programs, although Goldman Sachs recently noted that the company’s space and satellite unit makes up the largest portion of Kratos’ total revenue.\nThe company is the world leader in building target drones – meaning UAVs (unmanned aerial vehicles) that are used for target practice by the military.\n“Kratos expects solid growth in this product line next year as multiple programs move ... into full rate production,” Goldman Sachs analyst Noah Poponak wrote in a recent note about Kratos.\nThe company is investing in multiple areas that the Pentagon sees as the next-generation of warfare, including autonomous drones, spacecraft, hypersonics and laser-based weapons systems. Canaccord Genuity also emphasized Kratos’ position as a strength, given the Pentagon’s recent “focus on innovation in the defense budget.”\n“After a very strong 2020, [Kratos] stock has significantly under-performed this year, and we believe there are multiple potential [second half 2021] and 2022 positive catalysts,” Canaccord Genuity analyst Ken Herbert wrote in a note to clients earlier this month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159791161,"gmtCreate":1624979092053,"gmtModify":1631893769795,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159791161","repostId":"2147802868","repostType":4,"repost":{"id":"2147802868","pubTimestamp":1624976437,"share":"https://www.laohu8.com/m/news/2147802868?lang=&edition=full","pubTime":"2021-06-29 22:20","market":"us","language":"en","title":"Dump FAANG and Buy These 3 Cheaper Growth Stocks Instead","url":"https://stock-news.laohu8.com/highlight/detail?id=2147802868","media":"Motley Fool","summary":"These investments offer investors a good mix of value and growth.","content":"<p>Buying shares of top tech stocks <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b>, <b>Apple</b>, <b>Amazon</b>, <b>Netflix</b>, and <b>Alphabet</b> (Google) -- otherwise known as FAANG -- would have earned great returns in the past. But now, with their valuations creeping up and the cheapest of those stocks (Apple and Facebook) trading at a forward price-to-earnings (P/E) multiple of more than 26, they aren't as promising when compared to other growth stocks.</p>\n<p>If you are looking to make the most of your investment dollars, you should consider buying shares of <b>Pfizer </b>(NYSE:PFE), <b>Oracle </b>(NYSE:ORCL), and <b>UPS </b>(NYSE:UPS) instead of FAANG. They have strong, growing businesses and they are much cheaper buys.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d09d93a3202374ea6de8f4a93b9ae1a2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. Pfizer</h2>\n<p>Healthcare giant Pfizer is trading at just 10 times its future earnings. The company has lately become smaller but more growth-oriented after the November 2020 spinoff of its Upjohn business with <b>Mylan</b> to form what is now <b>Viatris</b>. That said, Upjohn wasn't a significant growth driver for Pfizer. In the most recent full quarter during which it was part of Pfizer's business, for the period ending Sept. 27, its quarterly revenue of $1.9 billion was down 19% year over year. By comparison, its biopharmaceutical segment, which will remain part of its operations, generated over $10 billion in sales and was up 3% from the prior-year period.</p>\n<p>And thanks to its COVID-19 vaccine, Pfizer is on track for a stellar year. The company projects that it will generate $26 billion in sales from its vaccine this year, and its top line should come in between $70.5 billion and $72.5 billion. In 2020, its sales were just under $42 billion.</p>\n<p>While investors may be concerned that vaccine sales will be short-lived, the World Health Organization believes people may require booster shots on an annual basis -- especially the most vulnerable. And to make that even easier, Pfizer is also working on an oral drug for COVID-19 that people can take at home. If all goes well in trials, it could be ready before the end of this year.</p>\n<p>Between the strong vaccine sales and Pfizer focusing on developing new drugs and being a leaner organization, the company has become a much more attractive growth stock, and it is a bargain compared to what you would be getting by investing in FAANG.</p>\n<h2>2. Oracle</h2>\n<p>Not all tech stocks are overpriced, and Oracle is a great example of that. At a forward P/E of 17, it's pricier than Pfizer but still a cheaper buy than any of the FAANG stocks. The company offers businesses an array of cloud-based computing solutions, including networking, analytics, storage, and application development.</p>\n<p>When Oracle released its fourth-quarter earnings June 15, both its sales and profits came in above analyst expectations. Revenue of more than $11 billion for the period ending May 31 grew by 8% year over year, while profits totaling $4 billion were up 29%. CEO Safra Catz is bullish on the future of the cloud business, saying that the company is going to double its capital spend on the cloud to nearly $4 billion in the new fiscal year.</p>\n<p>The tech company has enjoyed strong profits with net margins of at least 25% in each of the past three fiscal years. And by making bigger investments in the cloud and looking for ways to add value for businesses that are utilizing more resources online, Oracle could be heading for some terrific growth opportunities. Its modest price tag makes it an even better buy.</p>\n<h2>3. UPS</h2>\n<p>Investing in logistics is another great move if you are seeking out growth. Amid the pandemic, people have been buying more goods online as many stores were closed for in-person shopping. And some of those habits and conveniences are going to be tough to break post-pandemic, especially when a company like Amazon makes it all too easy to order something with just the click of a button. Whether it is Amazon, <b>Etsy</b>, or some other portal, the growth in online shopping and logistics is promising -- estimates from Grand View Research have the third-party logistics market growing at a compound annual rate of 8.5% from now until 2028, when it will reach a value of nearly $1.7 trillion.</p>\n<p>Things have already been off to a great start in 2021, with UPS's revenue of $23 billion for the first three months of this year up an impressive 27% over the same period in 2020. Its operating profit of $2.8 billion was more than double the $1.1 billion it posted a year ago. By 2023, the company projects that it could top $100 billion in revenue. That would be about 18% higher than the $85 billion in sales it posted for 2020.</p>\n<p>UPS trades at a forward P/E of just under 19, making it the priciest stock on this list but still cheaper than investors are paying for FAANG stocks today. With some solid long-term growth ahead, it's still not too late to invest in UPS and take advantage of some strong growth prospects in the logistics industry.</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>Dump FAANG and Buy These 3 Cheaper Growth Stocks Instead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDump FAANG and Buy These 3 Cheaper Growth Stocks Instead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/29/dump-faang-and-buy-these-3-cheaper-growth-stocks-i/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buying shares of top tech stocks Facebook, Apple, Amazon, Netflix, and Alphabet (Google) -- otherwise known as FAANG -- would have earned great returns in the past. But now, with their valuations ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/29/dump-faang-and-buy-these-3-cheaper-growth-stocks-i/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","UPS":"联合包裹","ORCL":"甲骨文"},"source_url":"https://www.fool.com/investing/2021/06/29/dump-faang-and-buy-these-3-cheaper-growth-stocks-i/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147802868","content_text":"Buying shares of top tech stocks Facebook, Apple, Amazon, Netflix, and Alphabet (Google) -- otherwise known as FAANG -- would have earned great returns in the past. But now, with their valuations creeping up and the cheapest of those stocks (Apple and Facebook) trading at a forward price-to-earnings (P/E) multiple of more than 26, they aren't as promising when compared to other growth stocks.\nIf you are looking to make the most of your investment dollars, you should consider buying shares of Pfizer (NYSE:PFE), Oracle (NYSE:ORCL), and UPS (NYSE:UPS) instead of FAANG. They have strong, growing businesses and they are much cheaper buys.\nImage source: Getty Images.\n1. Pfizer\nHealthcare giant Pfizer is trading at just 10 times its future earnings. The company has lately become smaller but more growth-oriented after the November 2020 spinoff of its Upjohn business with Mylan to form what is now Viatris. That said, Upjohn wasn't a significant growth driver for Pfizer. In the most recent full quarter during which it was part of Pfizer's business, for the period ending Sept. 27, its quarterly revenue of $1.9 billion was down 19% year over year. By comparison, its biopharmaceutical segment, which will remain part of its operations, generated over $10 billion in sales and was up 3% from the prior-year period.\nAnd thanks to its COVID-19 vaccine, Pfizer is on track for a stellar year. The company projects that it will generate $26 billion in sales from its vaccine this year, and its top line should come in between $70.5 billion and $72.5 billion. In 2020, its sales were just under $42 billion.\nWhile investors may be concerned that vaccine sales will be short-lived, the World Health Organization believes people may require booster shots on an annual basis -- especially the most vulnerable. And to make that even easier, Pfizer is also working on an oral drug for COVID-19 that people can take at home. If all goes well in trials, it could be ready before the end of this year.\nBetween the strong vaccine sales and Pfizer focusing on developing new drugs and being a leaner organization, the company has become a much more attractive growth stock, and it is a bargain compared to what you would be getting by investing in FAANG.\n2. Oracle\nNot all tech stocks are overpriced, and Oracle is a great example of that. At a forward P/E of 17, it's pricier than Pfizer but still a cheaper buy than any of the FAANG stocks. The company offers businesses an array of cloud-based computing solutions, including networking, analytics, storage, and application development.\nWhen Oracle released its fourth-quarter earnings June 15, both its sales and profits came in above analyst expectations. Revenue of more than $11 billion for the period ending May 31 grew by 8% year over year, while profits totaling $4 billion were up 29%. CEO Safra Catz is bullish on the future of the cloud business, saying that the company is going to double its capital spend on the cloud to nearly $4 billion in the new fiscal year.\nThe tech company has enjoyed strong profits with net margins of at least 25% in each of the past three fiscal years. And by making bigger investments in the cloud and looking for ways to add value for businesses that are utilizing more resources online, Oracle could be heading for some terrific growth opportunities. Its modest price tag makes it an even better buy.\n3. UPS\nInvesting in logistics is another great move if you are seeking out growth. Amid the pandemic, people have been buying more goods online as many stores were closed for in-person shopping. And some of those habits and conveniences are going to be tough to break post-pandemic, especially when a company like Amazon makes it all too easy to order something with just the click of a button. Whether it is Amazon, Etsy, or some other portal, the growth in online shopping and logistics is promising -- estimates from Grand View Research have the third-party logistics market growing at a compound annual rate of 8.5% from now until 2028, when it will reach a value of nearly $1.7 trillion.\nThings have already been off to a great start in 2021, with UPS's revenue of $23 billion for the first three months of this year up an impressive 27% over the same period in 2020. Its operating profit of $2.8 billion was more than double the $1.1 billion it posted a year ago. By 2023, the company projects that it could top $100 billion in revenue. That would be about 18% higher than the $85 billion in sales it posted for 2020.\nUPS trades at a forward P/E of just under 19, making it the priciest stock on this list but still cheaper than investors are paying for FAANG stocks today. With some solid long-term growth ahead, it's still not too late to invest in UPS and take advantage of some strong growth prospects in the logistics industry.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159793484,"gmtCreate":1624979074448,"gmtModify":1631893769822,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159793484","repostId":"1165468426","repostType":4,"repost":{"id":"1165468426","pubTimestamp":1624976964,"share":"https://www.laohu8.com/m/news/1165468426?lang=&edition=full","pubTime":"2021-06-29 22:29","market":"us","language":"en","title":"Facebook Could Be A $500 Stock After Court Tosses FTC Case","url":"https://stock-news.laohu8.com/highlight/detail?id=1165468426","media":"seekingalpha","summary":"Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits","content":"<p><b>Summary</b></p>\n<ul>\n <li>Wins in court against the FTC and States clear up regulatory headwinds.</li>\n <li>Substantial profits will grow throughout the year.</li>\n <li>Facebook may not have much to fear from future regulation either.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e924941f95567d72af0984753c0d9302\" tg-width=\"1536\" tg-height=\"1024\"><span>naruecha jenthaisong/Moment via Getty Images</span></p>\n<p>I started analyzing Facebook (FB) last week and I was surprised how bullish my conclusions were about the company's prospects. With yesterday's wins in federal court, some potential headwinds around litigation are clearing up. I'm now quite bullish on the stock and I think the stock price could be over $500/share by the end of the year.</p>\n<p><b>Facebook scores two wins in court</b></p>\n<p>Facebook scored a significant legal and regulatory victory yesterday with wins in two cases in which they were sued by the Federal Trade Commission (FTC) and a number of states. Not only are they near-term wins for the company, and but also for reasons I'll discuss in the next section I think they also bode well for the company's future regulatory prospects.</p>\n<p>In the first case, the Federal Trade Commission (\"FTC\") claimed Facebook had gained monopoly power first through its acquisitions of Instagram and WhatsApp and second through making them inoperable with other platforms. The FTC sued for an injunction that would force Facebook to reverse or unwind the acquisitions and make them open their platform to other programs.</p>\n<p>The court held for Facebook and against the Federal Trade Commission(\"FTC\") on two important items and against Facebook on one. First, the court held that the FTC did not show that Facebook had monopoly power in the field of personal social networking by showing that it had more than 60% market share in that field. Second, the court found the FTC waited too long to seek an injunction against the company. But third, the Court thought it might be possible for the FTC to replead its case seeking an injunction against Facebook for anti-competitive conduct under a different legal standard (see pages 50-53).</p>\n<p>In the second case,the court held even more strongly in favor of Facebook&nbsp;and dismissed the states' claims. The states also sued claiming that Facebook was using monopoly power to keep competitors out and that acquiring Instagram and WhatsApp created a monopoly. The court dismissed both claims saying that first, the states had waited too long to bring their suits and that second, there was nothing illegal under current law to require Facebook to make its services interoperable.</p>\n<p>Legally, we can expect a few things. First the states will probably appeal the dismissal of their suit. I don't see this as a big issue. Parties lose lawsuits all the time and they appeal all the time without changing the result. What happens to the FTC suit is much more interesting.</p>\n<p>As noted above, while the judge dismissed the states' case, he kept the FTC case open and only dismissed their complaint (the active piece of paper in the lawsuit). He basically invited them to re-file the case under the different law he cited. The FTC has a few strategic choices to make at this point. First, they can appeal the decision to a higher court. Second, they can re-plead the case in the way the judge left open for them. Third, they can start to look for another option to regulate the company (such as passing another law or creating an administrative rule). Fourth, they can start negotiating with Facebook. I surmise they'll work on each of the above.</p>\n<p>Normally, losing a case has an impact on what I would call the \"atmosphere\" or \"momentum\" around an issue above and beyond the impact of this ruling in particular. So in most cases I would expect a federal agency to feel somewhat embarrassed or humbled and that could have an effect on their decision-making going forward. In this case, with a clear opening to re-plead the case and start over, they may not be as \"gun shy\" as one might expect.</p>\n<p>To the third point,there are already a number of members of Congress who wanted to regulate tech companies such as Facebook, and a number of them arereacting to the court decisionsaying that it shows the need for new legislation. The Biden administration'snew FTC chairwoman Lina Khan has a reputation as a tech critic, but I haven't found anything about a plan of hers to regulate Facebook. So all-in-all, there is certainly some desire for a change in law but I can't see anything in the works that could be put into place in the very near term.</p>\n<p>Fourth, litigants are always negotiating and it's entirely possible that Facebook has offered some kind of concessions already that we don't know about. I don't see that as a likely outcome here.</p>\n<p><b>Future Regulation Shouldn't Worry Facebook</b></p>\n<p>Based on experience watching regulations change in Washington and my reading of the political tea leaves, I want to explain why I'm not concerned that regulation will hamper Facebook's business prospects.</p>\n<p>First and foremost, while most people think of regulation as a system for the government to keep companies from doing things the companies want to do, it's just as true that regulation carves out a space for companies to do lots of other things without fear of adverse legal consequences. Moreover, the regulations can often entrench incumbents by making compliance too expensive or burdensome for new competitors. This was probably the case with thewell-publicized FTC settlement with Herbalife(HLF) whose share price has basically doubled since its settlement five years ago:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ae2b9ff7e9edb953d2fae3807d1815a\" tg-width=\"640\" tg-height=\"409\"><span>Source: Seeking Alpha</span></p>\n<p>Regulation building a moat to keep out competitors and ensure profits is also probably a good description of what's happened to tobacco companies such as Philip Morris (PM) and Altria (MO). What would it take for someone to start a new cigarette company? Doesn't seem likely to happen anytime soon. A third reason regulation often doesn't end up hurting profits is the phenomenon ofregulatory capturein which the regulator ends up in effect working for the company! So all this is to say that even if regulation is coming, it may not necessarily be all that bad.</p>\n<p>Second, one of the most likely outcomes sought in litigation is divestiture or interoperability of Instagram and WhatsApp - and that may be fine for Facebook. I use WhatsApp every day (it's much more popular outside the US), and I also have other competing programs such as Telegram and Viber on my phone. The other two services seem fine, but no one I know uses them on a regular basis. Moreover, no one I know who uses WhatsApp does so because of a link to Facebook right now. (Facebook would like to link them through Messenger, though). It's possible that WhatsApp has already won the competition by being first, better capitalized or executing better. So WhatsApp spinning off from Facebook just might not make a difference to the businesses. If Facebook is forced to make its service interoperable, they might still be able to charge other companies a fee for using their assets and this really might not be a bad business move. I'm less familiar with Instagram and its competitors such as Snapchat (SNAP), but I think a similar conclusion is likely.</p>\n<p>Third, even though there are good reasons to regulate Facebook around concerns about itseffects on users' mental health,political extremismandmonopoly poweramong other things, I just don't see much happening because of how politics works. (For an interesting views on Facebook and its effects on users and society, seeZucked by Roger McNamee). Politics normally ends up serving the interests of the wealthy and powerful, and Facebook, its executives and shareholders are now wealthy and powerful. Facebook has proven effective inlobbying and managing government relations, and it is increasing its focus on these. Facebook may also have powerful allies in Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and other tech companies which could be wary of further regulations. Right now, a number of the most powerful people in Congress such as Speaker of the House Nancy Pelosi basically represent Silicon Valley which bodes well for Facebook's interests. Even in the event that Republicans take over one or both houses of Congress in the midterms, I don't believe that the recent trend of \"populism\" among many Republicans will overcome the party's core resistance to regulation and support for corporate America.</p>\n<p>So if I had to make a prediction, it would be that Facebook ends up making some kind of concessions that don't affect operations or profitability but allow politicians and regulators to claim that they've accomplished something. This has the added benefit for Facebook of making it less likely that further reform might come in the future.</p>\n<p><b>Facebook's Recent Earnings are great</b></p>\n<p>Even in the Covid-19 effected year of 2020, Facebook's numbers are outstanding and in the most recent quarter they're even stronger. As you can see from this summary of results included in the company's Form 10-K for 2020, earnings and margins are strong and growing:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f921d22e5694000a51c60e069de30b52\" tg-width=\"640\" tg-height=\"304\"><span>Source: Facebook</span></p>\n<p>Revenue grew by almost $15 billion in each of the previous 4 years, and net income climbed higher and higher for every year except 2019, when its move to $29 billion in 2020 made up for what it lost the year before.</p>\n<p>If all we had to go on were these backwards looking numbers, I would estimate the \"back of the envelope\" value this company by taking multiplying the most recent earnings of $29 billion by 33 for $957 billion and adding excess cash of $62 billion for a&nbsp;<b>market capitalization of $1,019 billion $359/share</b>. Likewise, I would say that valuing it at only 25x last year's earnings plus excess cash yields a valuation of $787 billion, would mean the company was undervalued at a price $277/share. But for the reasons I'll set out below, I think these numbers are too low.</p>\n<p><b>Estimating this year's earning - much, much higher</b></p>\n<p>In the first quarter of 2021, Facebook earned almost $9.5 billion as you can see from this income statement in the most recent Form 10-Q:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3db9a4108a92e18a59dbb1923cd9c903\" tg-width=\"640\" tg-height=\"174\"><span>Source: Facebook</span></p>\n<p>It's clear that the first quarter of 2020 had a dramatic reduction in business activity from Covid-19. It would be tough to say how much that effected customers in the first quarter of last year, making a direct comparison very difficult. In order to get a good guess what the strong first quarter means for Facebook, I want to compare the company's user statistics to quarterly profits and make some educated guesses.</p>\n<p>Facebook's earnings presentations give us a description of the monthly active users of all the company's products broken down by quarter:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e25d73bdd71d2f841ab92917e27cee44\" tg-width=\"640\" tg-height=\"429\"><span>Source: Facebook</span></p>\n<p>As well as revenue:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79d68ef6536f200bbffa310ad257a3ed\" tg-width=\"640\" tg-height=\"430\"><span>Source: Facebook</span></p>\n<p>and net income:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7d23e558cff9eb15938c953982d5795\" tg-width=\"640\" tg-height=\"381\"><span>Source: Facebook</span></p>\n<p>Looking over these three charts we see that even though monthly average users grow consistently, there is some seasonality to the revenue and earnings.</p>\n<p>I've made my own spreadsheet of this information:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd491880ca77778e76d41d367223b669\" tg-width=\"640\" tg-height=\"151\"><span>Source: Author</span></p>\n<p>In light of those numbers showing:</p>\n<p>(1) MAU grows every quarter, but</p>\n<p>(2) Revenue and Net Income change with the seasons,</p>\n<p>I'm willing to make some rough guesses about the rest of this year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c413f3304ab59e2ca2b56822ee4465c\" tg-width=\"640\" tg-height=\"114\"><span>Source: Author</span></p>\n<p>To arrive at these estimate, I kept user growth constant and multiplied revenue by 1.44, 1.4 and 1.3 over its prior year. That's a guess, but I think that having been transparent about how I made my estimates, you can adjust that number up or down as you think best. To arrive at net income, I kept the net income/revenue ratio the same as it had been in the same quarter of the prior year. This captures some of the operating leverage and increasing returns to scale inherent in Facebook's business model.</p>\n<p>I estimated that the company would $9.5 plus $7.2 plus $11 plus $14.5 billion of net income this year, for a total of $42.2 billion. That's quite an improvement over last year's $29 billion!</p>\n<p>If these estimates are reasonable and we assume the company increases cash on the balance sheet to $75 billion, at the not-too-optimistic multiple of 25x earnings for a growing company and including the excess cash, that means Facebook stock could be meaningfully&nbsp;<b>undervalued at a market cap of $1,130 billion or $398/share</b>. Because of the growth we see, I really don't think it's unreasonable to arrive at&nbsp;<b>fair value with a 33x multiple on the stock for $1,461 billion or $526/share</b>.</p>\n<p><b>Global Growth and New Products add upside</b></p>\n<p>The estimates I used in the section above may be too low for two reasons. First, they're not accounting for the increasing returns on Facebook's growth outside the US. Facebook's growth inemerging markets such as Indiais extremely valuable because they have both a long runway for adding users, and the users themselves can be expected to become more profitable as GDP and consumption increase over time at rates faster than those in developed markets.</p>\n<p>Facebook is alsoexpanding rapidly into virtual reality. I don't have any way of estimating how big or how profitable this segment will be, but it's not unreasonable to think they'll have a lead in gaming and social segments and widespread adoption could lead to new kinds of unanticipated uses. For the last several years, spending on research and development has served to push the company's earnings down somewhat, but once they release a commercial product, we could begin to see the fruits of their labor.</p>\n<p><b>Conclusion</b></p>\n<p>With legal and regulatory challenges seeming less difficult and growing profitability, I am quite bullish on shares of Facebook. As always, a number of things could go wrong. If a new political environment becomes much more hostile to \"Big Tech\" or we see the emergence of a social movement to drop Facebook (I've tried to leave a few times myself!) that would depress earnings and change my thesis. At these prices and with this much growth on the horizon, I'm not concerned about those risks. As they say, \"we like the stock.\"</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>Facebook Could Be A $500 Stock After Court Tosses FTC Case</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Could Be A $500 Stock After Court Tosses FTC Case\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits will grow throughout the year.\nFacebook may not have much to fear from future regulation either.\n\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165468426","content_text":"Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits will grow throughout the year.\nFacebook may not have much to fear from future regulation either.\n\nnaruecha jenthaisong/Moment via Getty Images\nI started analyzing Facebook (FB) last week and I was surprised how bullish my conclusions were about the company's prospects. With yesterday's wins in federal court, some potential headwinds around litigation are clearing up. I'm now quite bullish on the stock and I think the stock price could be over $500/share by the end of the year.\nFacebook scores two wins in court\nFacebook scored a significant legal and regulatory victory yesterday with wins in two cases in which they were sued by the Federal Trade Commission (FTC) and a number of states. Not only are they near-term wins for the company, and but also for reasons I'll discuss in the next section I think they also bode well for the company's future regulatory prospects.\nIn the first case, the Federal Trade Commission (\"FTC\") claimed Facebook had gained monopoly power first through its acquisitions of Instagram and WhatsApp and second through making them inoperable with other platforms. The FTC sued for an injunction that would force Facebook to reverse or unwind the acquisitions and make them open their platform to other programs.\nThe court held for Facebook and against the Federal Trade Commission(\"FTC\") on two important items and against Facebook on one. First, the court held that the FTC did not show that Facebook had monopoly power in the field of personal social networking by showing that it had more than 60% market share in that field. Second, the court found the FTC waited too long to seek an injunction against the company. But third, the Court thought it might be possible for the FTC to replead its case seeking an injunction against Facebook for anti-competitive conduct under a different legal standard (see pages 50-53).\nIn the second case,the court held even more strongly in favor of Facebook and dismissed the states' claims. The states also sued claiming that Facebook was using monopoly power to keep competitors out and that acquiring Instagram and WhatsApp created a monopoly. The court dismissed both claims saying that first, the states had waited too long to bring their suits and that second, there was nothing illegal under current law to require Facebook to make its services interoperable.\nLegally, we can expect a few things. First the states will probably appeal the dismissal of their suit. I don't see this as a big issue. Parties lose lawsuits all the time and they appeal all the time without changing the result. What happens to the FTC suit is much more interesting.\nAs noted above, while the judge dismissed the states' case, he kept the FTC case open and only dismissed their complaint (the active piece of paper in the lawsuit). He basically invited them to re-file the case under the different law he cited. The FTC has a few strategic choices to make at this point. First, they can appeal the decision to a higher court. Second, they can re-plead the case in the way the judge left open for them. Third, they can start to look for another option to regulate the company (such as passing another law or creating an administrative rule). Fourth, they can start negotiating with Facebook. I surmise they'll work on each of the above.\nNormally, losing a case has an impact on what I would call the \"atmosphere\" or \"momentum\" around an issue above and beyond the impact of this ruling in particular. So in most cases I would expect a federal agency to feel somewhat embarrassed or humbled and that could have an effect on their decision-making going forward. In this case, with a clear opening to re-plead the case and start over, they may not be as \"gun shy\" as one might expect.\nTo the third point,there are already a number of members of Congress who wanted to regulate tech companies such as Facebook, and a number of them arereacting to the court decisionsaying that it shows the need for new legislation. The Biden administration'snew FTC chairwoman Lina Khan has a reputation as a tech critic, but I haven't found anything about a plan of hers to regulate Facebook. So all-in-all, there is certainly some desire for a change in law but I can't see anything in the works that could be put into place in the very near term.\nFourth, litigants are always negotiating and it's entirely possible that Facebook has offered some kind of concessions already that we don't know about. I don't see that as a likely outcome here.\nFuture Regulation Shouldn't Worry Facebook\nBased on experience watching regulations change in Washington and my reading of the political tea leaves, I want to explain why I'm not concerned that regulation will hamper Facebook's business prospects.\nFirst and foremost, while most people think of regulation as a system for the government to keep companies from doing things the companies want to do, it's just as true that regulation carves out a space for companies to do lots of other things without fear of adverse legal consequences. Moreover, the regulations can often entrench incumbents by making compliance too expensive or burdensome for new competitors. This was probably the case with thewell-publicized FTC settlement with Herbalife(HLF) whose share price has basically doubled since its settlement five years ago:\nSource: Seeking Alpha\nRegulation building a moat to keep out competitors and ensure profits is also probably a good description of what's happened to tobacco companies such as Philip Morris (PM) and Altria (MO). What would it take for someone to start a new cigarette company? Doesn't seem likely to happen anytime soon. A third reason regulation often doesn't end up hurting profits is the phenomenon ofregulatory capturein which the regulator ends up in effect working for the company! So all this is to say that even if regulation is coming, it may not necessarily be all that bad.\nSecond, one of the most likely outcomes sought in litigation is divestiture or interoperability of Instagram and WhatsApp - and that may be fine for Facebook. I use WhatsApp every day (it's much more popular outside the US), and I also have other competing programs such as Telegram and Viber on my phone. The other two services seem fine, but no one I know uses them on a regular basis. Moreover, no one I know who uses WhatsApp does so because of a link to Facebook right now. (Facebook would like to link them through Messenger, though). It's possible that WhatsApp has already won the competition by being first, better capitalized or executing better. So WhatsApp spinning off from Facebook just might not make a difference to the businesses. If Facebook is forced to make its service interoperable, they might still be able to charge other companies a fee for using their assets and this really might not be a bad business move. I'm less familiar with Instagram and its competitors such as Snapchat (SNAP), but I think a similar conclusion is likely.\nThird, even though there are good reasons to regulate Facebook around concerns about itseffects on users' mental health,political extremismandmonopoly poweramong other things, I just don't see much happening because of how politics works. (For an interesting views on Facebook and its effects on users and society, seeZucked by Roger McNamee). Politics normally ends up serving the interests of the wealthy and powerful, and Facebook, its executives and shareholders are now wealthy and powerful. Facebook has proven effective inlobbying and managing government relations, and it is increasing its focus on these. Facebook may also have powerful allies in Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and other tech companies which could be wary of further regulations. Right now, a number of the most powerful people in Congress such as Speaker of the House Nancy Pelosi basically represent Silicon Valley which bodes well for Facebook's interests. Even in the event that Republicans take over one or both houses of Congress in the midterms, I don't believe that the recent trend of \"populism\" among many Republicans will overcome the party's core resistance to regulation and support for corporate America.\nSo if I had to make a prediction, it would be that Facebook ends up making some kind of concessions that don't affect operations or profitability but allow politicians and regulators to claim that they've accomplished something. This has the added benefit for Facebook of making it less likely that further reform might come in the future.\nFacebook's Recent Earnings are great\nEven in the Covid-19 effected year of 2020, Facebook's numbers are outstanding and in the most recent quarter they're even stronger. As you can see from this summary of results included in the company's Form 10-K for 2020, earnings and margins are strong and growing:\nSource: Facebook\nRevenue grew by almost $15 billion in each of the previous 4 years, and net income climbed higher and higher for every year except 2019, when its move to $29 billion in 2020 made up for what it lost the year before.\nIf all we had to go on were these backwards looking numbers, I would estimate the \"back of the envelope\" value this company by taking multiplying the most recent earnings of $29 billion by 33 for $957 billion and adding excess cash of $62 billion for a market capitalization of $1,019 billion $359/share. Likewise, I would say that valuing it at only 25x last year's earnings plus excess cash yields a valuation of $787 billion, would mean the company was undervalued at a price $277/share. But for the reasons I'll set out below, I think these numbers are too low.\nEstimating this year's earning - much, much higher\nIn the first quarter of 2021, Facebook earned almost $9.5 billion as you can see from this income statement in the most recent Form 10-Q:\nSource: Facebook\nIt's clear that the first quarter of 2020 had a dramatic reduction in business activity from Covid-19. It would be tough to say how much that effected customers in the first quarter of last year, making a direct comparison very difficult. In order to get a good guess what the strong first quarter means for Facebook, I want to compare the company's user statistics to quarterly profits and make some educated guesses.\nFacebook's earnings presentations give us a description of the monthly active users of all the company's products broken down by quarter:\nSource: Facebook\nAs well as revenue:\nSource: Facebook\nand net income:\nSource: Facebook\nLooking over these three charts we see that even though monthly average users grow consistently, there is some seasonality to the revenue and earnings.\nI've made my own spreadsheet of this information:\nSource: Author\nIn light of those numbers showing:\n(1) MAU grows every quarter, but\n(2) Revenue and Net Income change with the seasons,\nI'm willing to make some rough guesses about the rest of this year:\nSource: Author\nTo arrive at these estimate, I kept user growth constant and multiplied revenue by 1.44, 1.4 and 1.3 over its prior year. That's a guess, but I think that having been transparent about how I made my estimates, you can adjust that number up or down as you think best. To arrive at net income, I kept the net income/revenue ratio the same as it had been in the same quarter of the prior year. This captures some of the operating leverage and increasing returns to scale inherent in Facebook's business model.\nI estimated that the company would $9.5 plus $7.2 plus $11 plus $14.5 billion of net income this year, for a total of $42.2 billion. That's quite an improvement over last year's $29 billion!\nIf these estimates are reasonable and we assume the company increases cash on the balance sheet to $75 billion, at the not-too-optimistic multiple of 25x earnings for a growing company and including the excess cash, that means Facebook stock could be meaningfully undervalued at a market cap of $1,130 billion or $398/share. Because of the growth we see, I really don't think it's unreasonable to arrive at fair value with a 33x multiple on the stock for $1,461 billion or $526/share.\nGlobal Growth and New Products add upside\nThe estimates I used in the section above may be too low for two reasons. First, they're not accounting for the increasing returns on Facebook's growth outside the US. Facebook's growth inemerging markets such as Indiais extremely valuable because they have both a long runway for adding users, and the users themselves can be expected to become more profitable as GDP and consumption increase over time at rates faster than those in developed markets.\nFacebook is alsoexpanding rapidly into virtual reality. I don't have any way of estimating how big or how profitable this segment will be, but it's not unreasonable to think they'll have a lead in gaming and social segments and widespread adoption could lead to new kinds of unanticipated uses. For the last several years, spending on research and development has served to push the company's earnings down somewhat, but once they release a commercial product, we could begin to see the fruits of their labor.\nConclusion\nWith legal and regulatory challenges seeming less difficult and growing profitability, I am quite bullish on shares of Facebook. As always, a number of things could go wrong. If a new political environment becomes much more hostile to \"Big Tech\" or we see the emergence of a social movement to drop Facebook (I've tried to leave a few times myself!) that would depress earnings and change my thesis. At these prices and with this much growth on the horizon, I'm not concerned about those risks. As they say, \"we like the stock.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159799417,"gmtCreate":1624979036139,"gmtModify":1631893769835,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159799417","repostId":"1155367467","repostType":4,"repost":{"id":"1155367467","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":1624977461,"share":"https://www.laohu8.com/m/news/1155367467?lang=&edition=full","pubTime":"2021-06-29 22:37","market":"us","language":"en","title":"The S&P 500 index rose to 4300, a new all-time high.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155367467","media":"Tiger Newspress","summary":"The S&P 500 index hit a record high shortly after the open on Tuesday, lifted by big U.S. banks, whi","content":"<p>The S&amp;P 500 index hit a record high shortly after the open on Tuesday, lifted by big U.S. banks, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases in Asia.</p>\n<p>At 10:35 a.m., the S&amp;P 500 gained 0.5%&nbsp;to record high of 4,300.52. The Dow Jones Industrial Average rose 0.48% to 34,447.68, and the Nasdaq Composite rose 0.04% to 14,505.21.</p>\n<p><img src=\"https://static.tigerbbs.com/3e88a411c3ba9c78717a1e724ec2041b\" 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>The S&P 500 index rose to 4300, a new all-time high.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 index rose to 4300, a new all-time high.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-29 22:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The S&amp;P 500 index hit a record high shortly after the open on Tuesday, lifted by big U.S. banks, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases in Asia.</p>\n<p>At 10:35 a.m., the S&amp;P 500 gained 0.5%&nbsp;to record high of 4,300.52. The Dow Jones Industrial Average rose 0.48% to 34,447.68, and the Nasdaq Composite rose 0.04% to 14,505.21.</p>\n<p><img src=\"https://static.tigerbbs.com/3e88a411c3ba9c78717a1e724ec2041b\" 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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155367467","content_text":"The S&P 500 index hit a record high shortly after the open on Tuesday, lifted by big U.S. banks, while investors looked to consumer confidence data against the backdrop of rising inflation and a spike in COVID-19 cases in Asia.\nAt 10:35 a.m., the S&P 500 gained 0.5% to record high of 4,300.52. The Dow Jones Industrial Average rose 0.48% to 34,447.68, and the Nasdaq Composite rose 0.04% to 14,505.21.","news_type":1},"isVote":1,"tweetType":1,"viewCount":39,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159799061,"gmtCreate":1624979019153,"gmtModify":1631893769849,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159799061","repostId":"1151394234","repostType":4,"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159790861,"gmtCreate":1624978996553,"gmtModify":1631893769858,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159790861","repostId":"2147861593","repostType":4,"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159707010,"gmtCreate":1624978959630,"gmtModify":1631893769871,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159707010","repostId":"2146388793","repostType":4,"repost":{"id":"2146388793","pubTimestamp":1624959775,"share":"https://www.laohu8.com/m/news/2146388793?lang=&edition=full","pubTime":"2021-06-29 17:42","market":"us","language":"en","title":"2 Robinhood Stocks That Could Crush Dogecoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2146388793","media":"Motley Fool","summary":"They're already big winners but could have much more room to run.","content":"<p><b>Dogecoin</b> (CRYPTO:DOGE) fans would be quick to point out that the cryptocurrency has skyrocketed more than 4,500% year to date. What started out as a joke has enabled some to laugh all the way to the bank.</p>\n<p>On the other hand, skeptics about Dogecoin would be just as quick to note that it has given up more than 60% of its earlier gains. Anyone who jumped on the Dogecoin late is probably sitting on some hefty losses.</p>\n<p>Regardless of what your take is on Dogecoin, what really matters is where you should put your money now. One place to get some investment ideas is Robinhood's 100 most popular stocks list. Here are two popular Robinhood stocks that could crush Dogecoin going forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/21859b0af15cb96a0c3a3aa3d6358251\" tg-width=\"700\" tg-height=\"420\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>NVIDIA</h2>\n<p>While Dogecoin has nosedived in recent months, <b>NVIDIA</b> (NASDAQ:NVDA) stock has taken off. One reason why is NVIDIA's upcoming four-for-<a href=\"https://laohu8.com/S/AONE\">one</a> stock split. While stock splits don't impact a company's valuation directly, they can attract greater numbers of small investors.</p>\n<p>However, there are plenty of even better reasons to like NVIDIA that have nothing to do with its stock split. The most obvious one is the company's gaming business.</p>\n<p>Gaming remains NVIDIA's biggest moneymaker, generating $2.8 billion of the company's total revenue of nearly $5.7 billion in the first quarter of 2021. And business is booming. NVIDIA's gaming revenue more than doubled year over year.</p>\n<p>It isn't just that gaming is increasing in popularity (although that is the case). NVIDIA benefits from regular hardware upgrade cycles. New games require even more processing power, which drives demand for the more powerful graphics processing units (GPUs).</p>\n<p>I especially like that NVIDIA is leveraging its gaming expertise to target new markets. For example, the company recently unveiled Omniverse Enterprise, a platform where design teams can build 3D virtual simulations and collaborate in real-time. In effect, NVIDIA is turning work into play (or vice versa, depending on how you look at it).</p>\n<p>NVIDIA CFO Colette Kress said in the company's Q1 conference call, \"As the world becomes more digital, virtual and collaborative, we see a significant revenue opportunity for Omniverse.\" I think that Kress's optimism is well-founded.</p>\n<p>Don't overlook NVIDIA's potential in the data center market, though. The company posted data center revenue of more than $2 billion in Q1, up 79% year over year. NVIDIA should enjoy sustained growth as more applications include artificial intelligence (AI).</p>\n<p>Assuming NVIDIA's pending acquisition of Arm passes regulatory hurdles, the company should further cement its leadership position in AI. In particular, the Arm deal would boost NVIDIA's presence in the fast-growing Internet of Things market with chips for mobile devices.</p>\n<p>Sure, an overall cryptocurrency crash could cause NVIDIA's shares to fall due to the popularity of the company's GPUs with crypto miners. It's happened before. However, the company has taken steps to segment its gaming business from crypto. I think that any pullback would only be temporary. NVIDIA has too many other strong growth drivers.</p>\n<h2>Moderna</h2>\n<p>Most companies can't honestly say that they've helped change the world.&nbsp;<b>Moderna</b> (NASDAQ:MRNA) can.</p>\n<p>The biotech's COVID-19 vaccine was second only to the vaccine developed by <b>Pfizer</b>&nbsp;and <b>BioNTech</b> to win U.S. Emergency Use Authorization (EUA). Moderna reported $1.9 billion in sales for the vaccine in Q1, but that's just the tip of the iceberg.</p>\n<p>Based on supply agreements in place as of early May, Moderna projected that its COVID-19 vaccine would rake in sales this year of $19.2 billion. However, the company has secured additional deals since then.</p>\n<p>In just the past two weeks, Moderna has landed two new huge supply agreements. The U.S. government is buying 200 million additional doses of Moderna's COVID19 vaccine. The European Commission agreed to purchase another 150 million doses.</p>\n<p>But does Moderna's market cap of close to $90 billion already price all of this growth in? To some extent, yes. However, shares still are trading at only around 10.5 times expected earnings. That's an attractive valuation, especially for a biotech stock.</p>\n<p>The big question for Moderna is how strong the recurring revenue from its COVID-19 vaccine will be. While the sales levels of 2021 and 2022 might not be sustainable over the long run, annual vaccinations could be likely (especially with emerging coronavirus variants). I expect Moderna will be able to count on significant COVID-19 vaccine sales for years to come.</p>\n<p>Then there's the pipeline. Moderna plans to advance its cytomegalovirus (CMV) vaccine into late-stage testing this year. It could easily be a megablockbuster if approved. The company has a dozen other programs in clinical testing.</p>\n<p>Moderna hopes to use its newfound riches to dramatically boost its pipeline in the near future. CEO Stephane Bancel has stated that he'd like to have up to 50 clinical programs.</p>\n<p>All of Moderna's current and planned pipeline programs are based on its messenger RNA (mRNA) technology. The company has maintained for a long time that if its mRNA approach worked for one disease, it would work for many diseases. If Moderna is right, the biotech stock should be a massive winner over the long run -- and could very well crush Dogecoin.</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>2 Robinhood Stocks That Could Crush Dogecoin</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\">\n2 Robinhood Stocks That Could Crush Dogecoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 17:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/28/2-robinhood-stocks-that-could-crush-dogecoin/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dogecoin (CRYPTO:DOGE) fans would be quick to point out that the cryptocurrency has skyrocketed more than 4,500% year to date. What started out as a joke has enabled some to laugh all the way to the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/28/2-robinhood-stocks-that-could-crush-dogecoin/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/06/28/2-robinhood-stocks-that-could-crush-dogecoin/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146388793","content_text":"Dogecoin (CRYPTO:DOGE) fans would be quick to point out that the cryptocurrency has skyrocketed more than 4,500% year to date. What started out as a joke has enabled some to laugh all the way to the bank.\nOn the other hand, skeptics about Dogecoin would be just as quick to note that it has given up more than 60% of its earlier gains. Anyone who jumped on the Dogecoin late is probably sitting on some hefty losses.\nRegardless of what your take is on Dogecoin, what really matters is where you should put your money now. One place to get some investment ideas is Robinhood's 100 most popular stocks list. Here are two popular Robinhood stocks that could crush Dogecoin going forward.\nImage source: Getty Images.\nNVIDIA\nWhile Dogecoin has nosedived in recent months, NVIDIA (NASDAQ:NVDA) stock has taken off. One reason why is NVIDIA's upcoming four-for-one stock split. While stock splits don't impact a company's valuation directly, they can attract greater numbers of small investors.\nHowever, there are plenty of even better reasons to like NVIDIA that have nothing to do with its stock split. The most obvious one is the company's gaming business.\nGaming remains NVIDIA's biggest moneymaker, generating $2.8 billion of the company's total revenue of nearly $5.7 billion in the first quarter of 2021. And business is booming. NVIDIA's gaming revenue more than doubled year over year.\nIt isn't just that gaming is increasing in popularity (although that is the case). NVIDIA benefits from regular hardware upgrade cycles. New games require even more processing power, which drives demand for the more powerful graphics processing units (GPUs).\nI especially like that NVIDIA is leveraging its gaming expertise to target new markets. For example, the company recently unveiled Omniverse Enterprise, a platform where design teams can build 3D virtual simulations and collaborate in real-time. In effect, NVIDIA is turning work into play (or vice versa, depending on how you look at it).\nNVIDIA CFO Colette Kress said in the company's Q1 conference call, \"As the world becomes more digital, virtual and collaborative, we see a significant revenue opportunity for Omniverse.\" I think that Kress's optimism is well-founded.\nDon't overlook NVIDIA's potential in the data center market, though. The company posted data center revenue of more than $2 billion in Q1, up 79% year over year. NVIDIA should enjoy sustained growth as more applications include artificial intelligence (AI).\nAssuming NVIDIA's pending acquisition of Arm passes regulatory hurdles, the company should further cement its leadership position in AI. In particular, the Arm deal would boost NVIDIA's presence in the fast-growing Internet of Things market with chips for mobile devices.\nSure, an overall cryptocurrency crash could cause NVIDIA's shares to fall due to the popularity of the company's GPUs with crypto miners. It's happened before. However, the company has taken steps to segment its gaming business from crypto. I think that any pullback would only be temporary. NVIDIA has too many other strong growth drivers.\nModerna\nMost companies can't honestly say that they've helped change the world. Moderna (NASDAQ:MRNA) can.\nThe biotech's COVID-19 vaccine was second only to the vaccine developed by Pfizer and BioNTech to win U.S. Emergency Use Authorization (EUA). Moderna reported $1.9 billion in sales for the vaccine in Q1, but that's just the tip of the iceberg.\nBased on supply agreements in place as of early May, Moderna projected that its COVID-19 vaccine would rake in sales this year of $19.2 billion. However, the company has secured additional deals since then.\nIn just the past two weeks, Moderna has landed two new huge supply agreements. The U.S. government is buying 200 million additional doses of Moderna's COVID19 vaccine. The European Commission agreed to purchase another 150 million doses.\nBut does Moderna's market cap of close to $90 billion already price all of this growth in? To some extent, yes. However, shares still are trading at only around 10.5 times expected earnings. That's an attractive valuation, especially for a biotech stock.\nThe big question for Moderna is how strong the recurring revenue from its COVID-19 vaccine will be. While the sales levels of 2021 and 2022 might not be sustainable over the long run, annual vaccinations could be likely (especially with emerging coronavirus variants). I expect Moderna will be able to count on significant COVID-19 vaccine sales for years to come.\nThen there's the pipeline. Moderna plans to advance its cytomegalovirus (CMV) vaccine into late-stage testing this year. It could easily be a megablockbuster if approved. The company has a dozen other programs in clinical testing.\nModerna hopes to use its newfound riches to dramatically boost its pipeline in the near future. CEO Stephane Bancel has stated that he'd like to have up to 50 clinical programs.\nAll of Moderna's current and planned pipeline programs are based on its messenger RNA (mRNA) technology. The company has maintained for a long time that if its mRNA approach worked for one disease, it would work for many diseases. If Moderna is right, the biotech stock should be a massive winner over the long run -- and could very well crush Dogecoin.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159705703,"gmtCreate":1624978933602,"gmtModify":1631893769882,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159705703","repostId":"2147343850","repostType":4,"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":120311009,"gmtCreate":1624297849201,"gmtModify":1634008175503,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/120311009","repostId":"2145084835","repostType":4,"repost":{"id":"2145084835","pubTimestamp":1624280460,"share":"https://www.laohu8.com/m/news/2145084835?lang=&edition=full","pubTime":"2021-06-21 21:01","market":"us","language":"en","title":"5 Ultra-Popular Stocks Wall Street Views as Overvalued","url":"https://stock-news.laohu8.com/highlight/detail?id=2145084835","media":"Motley Fool","summary":"If analysts are correct, these high-flying stocks will fizzle out over the next year.","content":"<p>Generally speaking, it pays to be bullish on Wall Street. Despite navigating its way through Black Monday in 1987, the dot-com bubble, the Great Recession, and more recently the coronavirus crash, the average annual total return for the benchmark <b>S&amp;P 500</b> since 1980, including dividends, is north of 11%.</p>\n<p>Not surprisingly, we see this optimism readily apparent in Wall Street's ratings on stocks. According to <b>FactSet</b>, more than half of all stocks carry a consensus buy rating, 38% have the equivalent of a hold rating, and just 7% are rated as sells. Yet, history shows that far more than 7% of stocks will eventually head lower.</p>\n<p>Based on Wall Street's consensus price targets, the following five ultra-popular stocks are all expected to lose value over the coming 12 months.</p>\n<p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>Palantir Technologies: Implied downside of 12%</h3>\n<p>Since its direct listing in late September 2020, data-mining company <b>Palantir Technologies</b> (NYSE:PLTR) has been a favorite among growth and retail investors. But if Wall Street's <a href=\"https://laohu8.com/S/AONE\">one</a>-year consensus price target proves accurate, Palantir will head in reverse by up to 12%.</p>\n<p>The likeliest reason Wall Street is tempering expectations on Palantir is valuation. Specifically, Palantir ended June 17 with a market cap of nearly $48 billion, but is on track to bring in perhaps $1.5 billion in full-year sales in 2021. That's a multiple of about 32 times sales. Even if Palantir continues to grow its top-line at 30% annually, it could take years for this price-to-sales multiple to come down to anywhere close to the average for cloud stocks.</p>\n<p>Another possible concern is the growth potential for its government-focused Gotham platform. Big government contract wins in the U.S. have been primarily responsible for Palantir's exceptional growth rate. However, there remains an outside chance that President Joe Biden may curb funding to some of the federal agencies that employ Palantir's services.</p>\n<p>Over the long run, I'm optimistic and believe Palantir's platform is unlike anything else available. But tempering near-term expectations given its valuation premium may be warranted.</p>\n<p><img src=\"https://static.tigerbbs.com/a38605bee8e62f3e8aa414fa24278e7e\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>Moderna: Implied downside of 11%</h3>\n<p>Biotech stock <b>Moderna</b> (NASDAQ:MRNA) is arguably the biggest beneficiary of the coronavirus disease 2019 (COVID-19) pandemic. It's <a href=\"https://laohu8.com/S/AONE.U\">one</a> of only three drugmakers to currently have their COVID-19 vaccine approved on an emergency-use authorization (EUA) basis in the United States. But if Wall Street's consensus 12-month price target is correct, it's stock is also on its way to a double-digit decline.</p>\n<p>Why the lack of love from Wall Street? The answer looks to be analysts looking to the future. While Moderna's COVID-19 vaccine is a mainstay in the U.S., and it's likely to play a clear role in other markets, time might prove the company's enemy. Over time, new vaccines are expected to come onto the scene, which'll eat away at Moderna's potential pool of patients.</p>\n<p>The other worry is that no one is exactly certain how long COVID-19 vaccine immunity will last. If it's a year, Moderna is unlikely to be the only drugmaker supplying booster shots. Meanwhile, if it's longer than a year, it means reduced sales opportunities for the company.</p>\n<p>Based solely on Wall Street's earnings per share consensus in 2021 and 2022, Moderna appears reasonably priced. But with the company staring down a potentially significant haircut in revenue next year as new drugmakers enter the space, caution is advised.</p>\n<p><img src=\"https://static.tigerbbs.com/07841e6a8173146a0fbfddf95a0f1ccb\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>GameStop: Implied downside of 71%</h3>\n<p>This will probably come as a shock to no one, but Reddit favorite <b>GameStop</b> (NYSE:GME) is fully expected to fall flat on its face. Even though Wall Street's consensus price target for the company has quintupled in recent months, it <i>still</i> implies up to 71% downside over the next year.</p>\n<p>The biggest issue for GameStop is that its valuation has completely detached from its underlying fundamentals. While it's not uncommon for stocks to trade on emotion for short periods of time, operating performance is what always dictates the long-term movement in the share price of a stock. When it comes to operating performance, GameStop has been a dud.</p>\n<p>Although the company's first-quarter fiscal results highlighted a 25% net sales increase from the prior-year period, total sales for the company have been falling precipitously for years. That's because video game retailer GameStop recognized the shift to digital gaming too late, and it's now stuck with its massive portfolio of brick-and-mortar gaming stores. Even though e-commerce sales have been a bright spot for the company, slashing costs and closing stores remains its No. 1 priority.</p>\n<p>With sufficient cash, bankruptcy isn't a concern for GameStop. But without any true top-line growth and the company still losing money, it's an impossible sell at its current price tag.</p>\n<p><img src=\"https://static.tigerbbs.com/c7ff785aa0040a5565d474390f58b47a\" tg-width=\"700\" tg-height=\"457\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>Ocugen: Implied downside of 18%</h3>\n<p>Volatile clinical-stage biotech stock <b>Ocugen</b> (NASDAQ:OCGN) may also be in for an unpleasant next 12 months. The company behind an experimental COVID-19 vaccine (Covaxin) and a trio of internally developed eye-blindness candidates is expected to shed 18% of its value, if Wall Street's consensus price target is correct.</p>\n<p>Arguably the biggest issue for Ocugen is the clinical update the company issued on June 10 concerning Covaxin. Even though partner Bharat Biotech led a large clinical study in India that yielded an overall efficacy of 78%, along with 100% efficacy in preventing severe forms of COVID-19, Ocugen announced on June 10 that it would forgo seeking an EUA in the U.S. and would instead file for a biologics license application. In other words, Ocugen's path to a quick emergency approval in the U.S. just flew out the window.</p>\n<p>What's more, the U.S. Food and Drug Administration's requested additional information and data on Covaxin. This is a fancy of saying that Ocugen will very likely have to run a clinical study in the U.S. prior to submitting Covaxin for approval. That means added costs and an even longer wait before Ocugen has a chance to penetrate the lucrative U.S. market.</p>\n<p>Though it's impossible to predict how long COVID-19 vaccine immunity will last, Ocugen's chances of being a significant player in the U.S. COVID-19 vaccine space are dwindling.</p>\n<p><img src=\"https://static.tigerbbs.com/91f6037829ea3fb0ae1cae0b95d8d11e\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>NVIDIA: Implied downside of 3%</h3>\n<p>Don't adjust your computer, laptop, or smartphone screens -- that really says <b>NVIDIA</b> (NASDAQ:NVDA). Following its incredible run higher (NVIDIA has doubled over the past year), graphics processing unit giant NVIDIA closed 3% above Wall Street's consensus price target, as of June 17.</p>\n<p>One reason for tempered expectations at this point has to be valuation. Even with NVIDIA crushing expectations and seeing strong PC gaming demand, sales growth is expected to slow from an estimated 49% in fiscal 2022 to a high single digit percentage in each of the next two fiscal years. In fact, the company closed at nearly 20 times projected sales for the current fiscal year. That's a bit optimistic given an expected sales growth slowdown.</p>\n<p>Perhaps the other reason Wall Street expects NVIDIA to go sideways is the company's cryptocurrency mining chip segment. While sales of crypto chips could hit $400 million in the current quarter, demand is entirely dependent on the hype surrounding digital currencies and the favorability of technical charts. Crypto is just as well known for its long bear markets as it is for the big gains it's delivered over the past decade. If another lull strikes, a fast-growing ancillary segment for NVIDA could easily become a drag.</p>\n<p>For what it's worth, I see no fundamental reasons to sell NVIDIA if you're already a long-term shareholder. But if you're on the outside looking in, I don't exactly see $746 as an attractive entry point, either.</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>5 Ultra-Popular Stocks Wall Street Views as Overvalued</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\">\n5 Ultra-Popular Stocks Wall Street Views as Overvalued\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 21:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/21/5-ultra-popular-stocks-wall-street-view-overvalued/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Generally speaking, it pays to be bullish on Wall Street. Despite navigating its way through Black Monday in 1987, the dot-com bubble, the Great Recession, and more recently the coronavirus crash, the...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/21/5-ultra-popular-stocks-wall-street-view-overvalued/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc.","GME":"游戏驿站","OCGN":"Ocugen","PLTR":"Palantir Technologies Inc.","NVDA":"英伟达"},"source_url":"https://www.fool.com/investing/2021/06/21/5-ultra-popular-stocks-wall-street-view-overvalued/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145084835","content_text":"Generally speaking, it pays to be bullish on Wall Street. Despite navigating its way through Black Monday in 1987, the dot-com bubble, the Great Recession, and more recently the coronavirus crash, the average annual total return for the benchmark S&P 500 since 1980, including dividends, is north of 11%.\nNot surprisingly, we see this optimism readily apparent in Wall Street's ratings on stocks. According to FactSet, more than half of all stocks carry a consensus buy rating, 38% have the equivalent of a hold rating, and just 7% are rated as sells. Yet, history shows that far more than 7% of stocks will eventually head lower.\nBased on Wall Street's consensus price targets, the following five ultra-popular stocks are all expected to lose value over the coming 12 months.\n\nImage source: Getty Images.\nPalantir Technologies: Implied downside of 12%\nSince its direct listing in late September 2020, data-mining company Palantir Technologies (NYSE:PLTR) has been a favorite among growth and retail investors. But if Wall Street's one-year consensus price target proves accurate, Palantir will head in reverse by up to 12%.\nThe likeliest reason Wall Street is tempering expectations on Palantir is valuation. Specifically, Palantir ended June 17 with a market cap of nearly $48 billion, but is on track to bring in perhaps $1.5 billion in full-year sales in 2021. That's a multiple of about 32 times sales. Even if Palantir continues to grow its top-line at 30% annually, it could take years for this price-to-sales multiple to come down to anywhere close to the average for cloud stocks.\nAnother possible concern is the growth potential for its government-focused Gotham platform. Big government contract wins in the U.S. have been primarily responsible for Palantir's exceptional growth rate. However, there remains an outside chance that President Joe Biden may curb funding to some of the federal agencies that employ Palantir's services.\nOver the long run, I'm optimistic and believe Palantir's platform is unlike anything else available. But tempering near-term expectations given its valuation premium may be warranted.\n\nImage source: Getty Images.\nModerna: Implied downside of 11%\nBiotech stock Moderna (NASDAQ:MRNA) is arguably the biggest beneficiary of the coronavirus disease 2019 (COVID-19) pandemic. It's one of only three drugmakers to currently have their COVID-19 vaccine approved on an emergency-use authorization (EUA) basis in the United States. But if Wall Street's consensus 12-month price target is correct, it's stock is also on its way to a double-digit decline.\nWhy the lack of love from Wall Street? The answer looks to be analysts looking to the future. While Moderna's COVID-19 vaccine is a mainstay in the U.S., and it's likely to play a clear role in other markets, time might prove the company's enemy. Over time, new vaccines are expected to come onto the scene, which'll eat away at Moderna's potential pool of patients.\nThe other worry is that no one is exactly certain how long COVID-19 vaccine immunity will last. If it's a year, Moderna is unlikely to be the only drugmaker supplying booster shots. Meanwhile, if it's longer than a year, it means reduced sales opportunities for the company.\nBased solely on Wall Street's earnings per share consensus in 2021 and 2022, Moderna appears reasonably priced. But with the company staring down a potentially significant haircut in revenue next year as new drugmakers enter the space, caution is advised.\n\nImage source: Getty Images.\nGameStop: Implied downside of 71%\nThis will probably come as a shock to no one, but Reddit favorite GameStop (NYSE:GME) is fully expected to fall flat on its face. Even though Wall Street's consensus price target for the company has quintupled in recent months, it still implies up to 71% downside over the next year.\nThe biggest issue for GameStop is that its valuation has completely detached from its underlying fundamentals. While it's not uncommon for stocks to trade on emotion for short periods of time, operating performance is what always dictates the long-term movement in the share price of a stock. When it comes to operating performance, GameStop has been a dud.\nAlthough the company's first-quarter fiscal results highlighted a 25% net sales increase from the prior-year period, total sales for the company have been falling precipitously for years. That's because video game retailer GameStop recognized the shift to digital gaming too late, and it's now stuck with its massive portfolio of brick-and-mortar gaming stores. Even though e-commerce sales have been a bright spot for the company, slashing costs and closing stores remains its No. 1 priority.\nWith sufficient cash, bankruptcy isn't a concern for GameStop. But without any true top-line growth and the company still losing money, it's an impossible sell at its current price tag.\n\nImage source: Getty Images.\nOcugen: Implied downside of 18%\nVolatile clinical-stage biotech stock Ocugen (NASDAQ:OCGN) may also be in for an unpleasant next 12 months. The company behind an experimental COVID-19 vaccine (Covaxin) and a trio of internally developed eye-blindness candidates is expected to shed 18% of its value, if Wall Street's consensus price target is correct.\nArguably the biggest issue for Ocugen is the clinical update the company issued on June 10 concerning Covaxin. Even though partner Bharat Biotech led a large clinical study in India that yielded an overall efficacy of 78%, along with 100% efficacy in preventing severe forms of COVID-19, Ocugen announced on June 10 that it would forgo seeking an EUA in the U.S. and would instead file for a biologics license application. In other words, Ocugen's path to a quick emergency approval in the U.S. just flew out the window.\nWhat's more, the U.S. Food and Drug Administration's requested additional information and data on Covaxin. This is a fancy of saying that Ocugen will very likely have to run a clinical study in the U.S. prior to submitting Covaxin for approval. That means added costs and an even longer wait before Ocugen has a chance to penetrate the lucrative U.S. market.\nThough it's impossible to predict how long COVID-19 vaccine immunity will last, Ocugen's chances of being a significant player in the U.S. COVID-19 vaccine space are dwindling.\n\nImage source: Getty Images.\nNVIDIA: Implied downside of 3%\nDon't adjust your computer, laptop, or smartphone screens -- that really says NVIDIA (NASDAQ:NVDA). Following its incredible run higher (NVIDIA has doubled over the past year), graphics processing unit giant NVIDIA closed 3% above Wall Street's consensus price target, as of June 17.\nOne reason for tempered expectations at this point has to be valuation. Even with NVIDIA crushing expectations and seeing strong PC gaming demand, sales growth is expected to slow from an estimated 49% in fiscal 2022 to a high single digit percentage in each of the next two fiscal years. In fact, the company closed at nearly 20 times projected sales for the current fiscal year. That's a bit optimistic given an expected sales growth slowdown.\nPerhaps the other reason Wall Street expects NVIDIA to go sideways is the company's cryptocurrency mining chip segment. While sales of crypto chips could hit $400 million in the current quarter, demand is entirely dependent on the hype surrounding digital currencies and the favorability of technical charts. Crypto is just as well known for its long bear markets as it is for the big gains it's delivered over the past decade. If another lull strikes, a fast-growing ancillary segment for NVIDA could easily become a drag.\nFor what it's worth, I see no fundamental reasons to sell NVIDIA if you're already a long-term shareholder. But if you're on the outside looking in, I don't exactly see $746 as an attractive entry point, either.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159790861,"gmtCreate":1624978996553,"gmtModify":1631893769858,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159790861","repostId":"2147861593","repostType":4,"repost":{"id":"2147861593","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624978525,"share":"https://www.laohu8.com/m/news/2147861593?lang=&edition=full","pubTime":"2021-06-29 22:55","market":"us","language":"en","title":"Google deal with French publishers on hold pending antitrust decision - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2147861593","media":"Reuters","summary":"PARIS (Reuters) - Alphabet Inc's Google has frozen a three-year deal with some French publishers as ","content":"<p>PARIS (Reuters) - Alphabet Inc's Google has frozen a three-year deal with some French publishers as it awaits an antitrust decision that could set the tone on copyright talks for news content online in Europe, two sources close to the matter said.</p>\n<p>Under the framework agreement signed between Google and Alliance de la presse d'information generale (APIG), a lobby group representing most major French publishers, the U.S. group had agreed in January to pay $76 million to 121 publications, according to documents previously seen by Reuters.</p>\n<p>It is <a href=\"https://laohu8.com/S/AONE\">one</a> of the highest-profile deals in the world under Google's \"News Showcase\" program to provide compensation for news snippets used in search results, and the first of this kind sealed in Europe.</p>\n<p>No individual licensing agreement has been signed with Google by any APIG member since then, however, the sources said. The negotiations are de facto frozen pending the outcome of the antitrust decision, they said.</p>\n<p>Only a few publications such as daily newspapers Le Monde, Le Figaro and Liberation, had already reached individual deals on their own prior to the framework agreement.</p>\n<p>Google said in a statement it had met publishers multiple times as part of its negotiations over copyright deals.</p>\n<p>\"We're still working with publishers, the APIG and the French competition authority on our agreements in order to finalise and sign more deals,\" it added. APIG had no immediate comment.</p>\n<p>It is not yet clear whether the framework agreement will be scrapped or not as a result of the forthcoming antitrust ruling in France, which is expected in the coming weeks, the sources said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google deal with French publishers on hold pending antitrust decision - sources</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\">\nGoogle deal with French publishers on hold pending antitrust decision - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-29 22:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PARIS (Reuters) - Alphabet Inc's Google has frozen a three-year deal with some French publishers as it awaits an antitrust decision that could set the tone on copyright talks for news content online in Europe, two sources close to the matter said.</p>\n<p>Under the framework agreement signed between Google and Alliance de la presse d'information generale (APIG), a lobby group representing most major French publishers, the U.S. group had agreed in January to pay $76 million to 121 publications, according to documents previously seen by Reuters.</p>\n<p>It is <a href=\"https://laohu8.com/S/AONE\">one</a> of the highest-profile deals in the world under Google's \"News Showcase\" program to provide compensation for news snippets used in search results, and the first of this kind sealed in Europe.</p>\n<p>No individual licensing agreement has been signed with Google by any APIG member since then, however, the sources said. The negotiations are de facto frozen pending the outcome of the antitrust decision, they said.</p>\n<p>Only a few publications such as daily newspapers Le Monde, Le Figaro and Liberation, had already reached individual deals on their own prior to the framework agreement.</p>\n<p>Google said in a statement it had met publishers multiple times as part of its negotiations over copyright deals.</p>\n<p>\"We're still working with publishers, the APIG and the French competition authority on our agreements in order to finalise and sign more deals,\" it added. APIG had no immediate comment.</p>\n<p>It is not yet clear whether the framework agreement will be scrapped or not as a result of the forthcoming antitrust ruling in France, which is expected in the coming weeks, the sources said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147861593","content_text":"PARIS (Reuters) - Alphabet Inc's Google has frozen a three-year deal with some French publishers as it awaits an antitrust decision that could set the tone on copyright talks for news content online in Europe, two sources close to the matter said.\nUnder the framework agreement signed between Google and Alliance de la presse d'information generale (APIG), a lobby group representing most major French publishers, the U.S. group had agreed in January to pay $76 million to 121 publications, according to documents previously seen by Reuters.\nIt is one of the highest-profile deals in the world under Google's \"News Showcase\" program to provide compensation for news snippets used in search results, and the first of this kind sealed in Europe.\nNo individual licensing agreement has been signed with Google by any APIG member since then, however, the sources said. The negotiations are de facto frozen pending the outcome of the antitrust decision, they said.\nOnly a few publications such as daily newspapers Le Monde, Le Figaro and Liberation, had already reached individual deals on their own prior to the framework agreement.\nGoogle said in a statement it had met publishers multiple times as part of its negotiations over copyright deals.\n\"We're still working with publishers, the APIG and the French competition authority on our agreements in order to finalise and sign more deals,\" it added. APIG had no immediate comment.\nIt is not yet clear whether the framework agreement will be scrapped or not as a result of the forthcoming antitrust ruling in France, which is expected in the coming weeks, the sources said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164457125,"gmtCreate":1624234551467,"gmtModify":1634009245192,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164457125","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816423481,"gmtCreate":1630515589543,"gmtModify":1631890660783,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816423481","repostId":"1194937312","repostType":4,"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127964536,"gmtCreate":1624820046425,"gmtModify":1633948396834,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127964536","repostId":"2146090006","repostType":4,"repost":{"id":"2146090006","pubTimestamp":1624755315,"share":"https://www.laohu8.com/m/news/2146090006?lang=&edition=full","pubTime":"2021-06-27 08:55","market":"us","language":"en","title":"5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2146090006","media":"Motley Fool","summary":"These growth and value stocks are begging to be bought by investors.","content":"<p>When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking the reins of <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B) in the mid-1960s, Buffett's company has averaged an annual return of 20%. This works out to an aggregate gain of greater than 2,800,000% for its Class A shares.</p>\n<p>Although Buffett isn't perfect, he and his investing team have a knack for identifying attractively valued businesses that have clear competitive advantages. As we prepare to move into the second half of 2021, the following five Buffett stocks stand out as those that should be bought hand over fist.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1077c8372814d2b8150e933b4c608005\" tg-width=\"700\" tg-height=\"466\"><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p>\n<h2>Amazon</h2>\n<p>Even though Buffett's investing lieutenants, Todd Combs and Ted Weschler, are the architects behind Berkshire Hathaway's stake in <b>Amazon</b> (NASDAQ:AMZN), it's arguably the Buffett stock that should be bought most aggressively ahead of the second half of the year.</p>\n<p>As most folks probably know, Amazon is an e-commerce juggernaut. Based on an April report from eMarketer, the company effectively controls $0.40 of every $1 spent online in the United States. It's also pivoted its online retail popularity into signing up more than 200 million people to its Prime program worldwide. The fees Amazon collects from Prime help it to undercut its competition on price. And it certainly doesn't hurt that Prime members tend to spend many multiples more than non-Prime shoppers during the course of the year.</p>\n<p>But it's the company's cloud infrastructure service, Amazon Web Services (AWS), that has truly budded into a star. Since the operating margins associated with cloud infrastructure are considerably higher than what Amazon nets from retail and advertising, AWS' growth is leading to a surge in operating cash flow. If investors were to continue to pay the midpoint of Amazon's operating cash flow multiple over the past decade, it could hit $10,000 a share by 2025.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b18b49b2b35da2fc49e0a83b883d1c22\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Bristol Myers Squibb</h2>\n<p>Pharmaceutical stocks are money machines, and none looks to be more attractive on a valuation basis than <b>Bristol Myers Squibb</b> (NYSE:BMY).</p>\n<p>One reason to be excited about this drug developer is its organic growth potential. Eliquis, which was co-developed with <b>Pfizer</b>, has blossomed into the world's leading oral anticoagulant, with sales expected to surpass $10 billion in 2021. Meanwhile, dozens of additional clinical trials are underway for cancer immunotherapy Opdivo, which generated $7 billion in sales last year. This offers plenty of opportunity to expand Opdivo's label and pump up its pricing power.</p>\n<p>Another reason Bristol Myers Squibb is such an intriguing stock is its November 2019 acquisition of cancer and immunology company Celgene. Buying Celgene brought the blockbuster multiple-myeloma drug Revlimid into the fold. Revlimid has sustainably grown its annual sales by a double-digit percentage for more than a decade, with label expansion, longer duration of use, and pricing power all playing a role. This key treatment, which topped $12 billion in sales last year, is protected from a full onslaught of generic competition until early 2026. That means Bristol Myers will be rolling in the dough for another five years, at minimum.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b152e369d7c967dcbc926192ee888c1\" tg-width=\"700\" tg-height=\"531\"><span>Image source: Getty Images.</span></p>\n<h2>Mastercard</h2>\n<p>Everyone seems to be looking for the smartest recovery play from the pandemic. Payment processor <b>Mastercard</b> (NYSE:MA) might well be the safest way to take advantage of a steady uptick in consumer and enterprise spending.</p>\n<p>Mastercard isn't a cheap stock by any means -- at 36 times Wall Street's forward-year earnings consensus -- but it benefits from a simple numbers game. While economic contractions and recessions are inevitable, these periods of turbulence tend to be short-lived. By comparison, economic expansions often last many years. Buying into Mastercard allows investors to take full advantage of these long periods of economic expansion and robust spending. Plus, it doesn't hurt that Mastercard has the second-highest share of credit-card network purchase volume in the U.S., the leading market for consumption.</p>\n<p>Investors can also sleep easy with the understanding that Mastercard strictly sticks to payment facilitation. Even though some of its peers also lend, and are therefore able to generate interest income and fees during bull markets, Mastercard has avoided becoming a lender. It's something you'll truly appreciate when a recession strikes. Whereas most financial stocks will be forced to set aside capital to cover credit or loan delinquencies, Mastercard won't have to. This is a big reason it bounces back from recessions quicker than most financial stocks.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4e1a1fe028efa4c966b66ef2cd466f5\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Teva Pharmaceutical Industries</h2>\n<p>If you have an appetite for turnaround plays, brand-name and generic-drug developer <b>Teva Pharmaceutical Industries</b> (NYSE:TEVA) is the stock to buy hand over fist for the second half of 2021. Like Amazon, it's a stock that was added to Berkshire Hathaway's portfolio by either Combs or Weschler and not Buffett.</p>\n<p>While there's no denying that Teva has its fair share of hurdles to overcome, the company's turnaround-focused CEO, Kare Schultz, has been a blessing. Since taking the helm less than four years ago, Schultz has helped shave off more than $10 billion in net debt, and he's overseen the reduction of roughly $3 billion in annual operating expenses. There's more work to do to improve Teva's balance sheet, but the company is very clearly on much firmer ground than it was back in 2016-2017.</p>\n<p>Schultz also has the potential to play peacemaker for a number of outstanding lawsuits targeting Teva's role in the opioid crisis. If this litigation can be resolved with minimal cash outlay, Teva's valuation could soar. At just 4 times the company's projected earnings in 2021, Teva is about as cheap as a healthcare stock can get.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44a30c4dfd6886a29e22d3c6558c3e56\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Bank of America</h2>\n<p>Lastly, bank stock <b>Bank of America</b> (NYSE:BAC) has the look of a company that can be confidently bought hand over fist for the second half of 2021.</p>\n<p>For much of the past decade, the Federal Reserve has kept interest rates at or near historic lows. That's meant less in the way of interest income for banks. But the latest update from the nation's central bank suggests that interest rates could begin creeping up in 2023, a year earlier than previously forecast. Bank of America is the most interest-sensitive money-center bank. According to its first-quarter investor presentation, BofA would generate $8.3 billion in net interest income on a 100-basis-point shift in the interest rate yield curve. Translation: Bank of America's profits should rocket higher beginning in 2023-2024.</p>\n<p>At the same time, BofA has done an outstanding job of controlling its costs and improving its operating efficiency. Investments in digitization have resulted in higher mobile app and digital banking use, which is allowing the company to consolidate some of its branches. Even with its shares at a 13-year high, Bank of America has plenty left in the tank.</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>5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 08:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MA":"万事达","BRK.A":"伯克希尔","AMZN":"亚马逊","BRK.B":"伯克希尔B","BAC":"美国银行","BMY":"施贵宝","TEVA":"梯瓦制药"},"source_url":"https://www.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146090006","content_text":"When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking the reins of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) in the mid-1960s, Buffett's company has averaged an annual return of 20%. This works out to an aggregate gain of greater than 2,800,000% for its Class A shares.\nAlthough Buffett isn't perfect, he and his investing team have a knack for identifying attractively valued businesses that have clear competitive advantages. As we prepare to move into the second half of 2021, the following five Buffett stocks stand out as those that should be bought hand over fist.\nBerkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.\nAmazon\nEven though Buffett's investing lieutenants, Todd Combs and Ted Weschler, are the architects behind Berkshire Hathaway's stake in Amazon (NASDAQ:AMZN), it's arguably the Buffett stock that should be bought most aggressively ahead of the second half of the year.\nAs most folks probably know, Amazon is an e-commerce juggernaut. Based on an April report from eMarketer, the company effectively controls $0.40 of every $1 spent online in the United States. It's also pivoted its online retail popularity into signing up more than 200 million people to its Prime program worldwide. The fees Amazon collects from Prime help it to undercut its competition on price. And it certainly doesn't hurt that Prime members tend to spend many multiples more than non-Prime shoppers during the course of the year.\nBut it's the company's cloud infrastructure service, Amazon Web Services (AWS), that has truly budded into a star. Since the operating margins associated with cloud infrastructure are considerably higher than what Amazon nets from retail and advertising, AWS' growth is leading to a surge in operating cash flow. If investors were to continue to pay the midpoint of Amazon's operating cash flow multiple over the past decade, it could hit $10,000 a share by 2025.\nImage source: Getty Images.\nBristol Myers Squibb\nPharmaceutical stocks are money machines, and none looks to be more attractive on a valuation basis than Bristol Myers Squibb (NYSE:BMY).\nOne reason to be excited about this drug developer is its organic growth potential. Eliquis, which was co-developed with Pfizer, has blossomed into the world's leading oral anticoagulant, with sales expected to surpass $10 billion in 2021. Meanwhile, dozens of additional clinical trials are underway for cancer immunotherapy Opdivo, which generated $7 billion in sales last year. This offers plenty of opportunity to expand Opdivo's label and pump up its pricing power.\nAnother reason Bristol Myers Squibb is such an intriguing stock is its November 2019 acquisition of cancer and immunology company Celgene. Buying Celgene brought the blockbuster multiple-myeloma drug Revlimid into the fold. Revlimid has sustainably grown its annual sales by a double-digit percentage for more than a decade, with label expansion, longer duration of use, and pricing power all playing a role. This key treatment, which topped $12 billion in sales last year, is protected from a full onslaught of generic competition until early 2026. That means Bristol Myers will be rolling in the dough for another five years, at minimum.\nImage source: Getty Images.\nMastercard\nEveryone seems to be looking for the smartest recovery play from the pandemic. Payment processor Mastercard (NYSE:MA) might well be the safest way to take advantage of a steady uptick in consumer and enterprise spending.\nMastercard isn't a cheap stock by any means -- at 36 times Wall Street's forward-year earnings consensus -- but it benefits from a simple numbers game. While economic contractions and recessions are inevitable, these periods of turbulence tend to be short-lived. By comparison, economic expansions often last many years. Buying into Mastercard allows investors to take full advantage of these long periods of economic expansion and robust spending. Plus, it doesn't hurt that Mastercard has the second-highest share of credit-card network purchase volume in the U.S., the leading market for consumption.\nInvestors can also sleep easy with the understanding that Mastercard strictly sticks to payment facilitation. Even though some of its peers also lend, and are therefore able to generate interest income and fees during bull markets, Mastercard has avoided becoming a lender. It's something you'll truly appreciate when a recession strikes. Whereas most financial stocks will be forced to set aside capital to cover credit or loan delinquencies, Mastercard won't have to. This is a big reason it bounces back from recessions quicker than most financial stocks.\nImage source: Getty Images.\nTeva Pharmaceutical Industries\nIf you have an appetite for turnaround plays, brand-name and generic-drug developer Teva Pharmaceutical Industries (NYSE:TEVA) is the stock to buy hand over fist for the second half of 2021. Like Amazon, it's a stock that was added to Berkshire Hathaway's portfolio by either Combs or Weschler and not Buffett.\nWhile there's no denying that Teva has its fair share of hurdles to overcome, the company's turnaround-focused CEO, Kare Schultz, has been a blessing. Since taking the helm less than four years ago, Schultz has helped shave off more than $10 billion in net debt, and he's overseen the reduction of roughly $3 billion in annual operating expenses. There's more work to do to improve Teva's balance sheet, but the company is very clearly on much firmer ground than it was back in 2016-2017.\nSchultz also has the potential to play peacemaker for a number of outstanding lawsuits targeting Teva's role in the opioid crisis. If this litigation can be resolved with minimal cash outlay, Teva's valuation could soar. At just 4 times the company's projected earnings in 2021, Teva is about as cheap as a healthcare stock can get.\nImage source: Getty Images.\nBank of America\nLastly, bank stock Bank of America (NYSE:BAC) has the look of a company that can be confidently bought hand over fist for the second half of 2021.\nFor much of the past decade, the Federal Reserve has kept interest rates at or near historic lows. That's meant less in the way of interest income for banks. But the latest update from the nation's central bank suggests that interest rates could begin creeping up in 2023, a year earlier than previously forecast. Bank of America is the most interest-sensitive money-center bank. According to its first-quarter investor presentation, BofA would generate $8.3 billion in net interest income on a 100-basis-point shift in the interest rate yield curve. Translation: Bank of America's profits should rocket higher beginning in 2023-2024.\nAt the same time, BofA has done an outstanding job of controlling its costs and improving its operating efficiency. Investments in digitization have resulted in higher mobile app and digital banking use, which is allowing the company to consolidate some of its branches. Even with its shares at a 13-year high, Bank of America has plenty left in the tank.","news_type":1},"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129475434,"gmtCreate":1624385459728,"gmtModify":1634006895159,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129475434","repostId":"1143470407","repostType":4,"isVote":1,"tweetType":1,"viewCount":53,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164617401,"gmtCreate":1624200404003,"gmtModify":1634009554435,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164617401","repostId":"1133385197","repostType":4,"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165995219,"gmtCreate":1624085100231,"gmtModify":1634010841193,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165995219","repostId":"2144218770","repostType":4,"repost":{"id":"2144218770","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624060559,"share":"https://www.laohu8.com/m/news/2144218770?lang=&edition=full","pubTime":"2021-06-19 07:55","market":"us","language":"en","title":"Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing","url":"https://stock-news.laohu8.com/highlight/detail?id=2144218770","media":"Reuters","summary":"BERKELEY, Calif., June 18 (Reuters) - Long-time Tesla Inc executive and president Jerome Guillen, wh","content":"<p>BERKELEY, Calif., June 18 (Reuters) - Long-time Tesla Inc&nbsp;executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a>.</p>\n<p>The filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on June 14, and 90,111 stocks worth $55 million on June 10.</p>\n<p>\"It could raise some eyebrows for investors,\" Wedbush Securities analyst Daniel Ives said, adding that investors are going to watch closely to see if he sells more.</p>\n<p>Guillen, a former Mercedes engineer who was with Tesla since 2010, oversaw the company's entire vehicles business before being named president of the Tesla Heavy Trucking unit in March. He left the company on June 3.</p>\n<p>The departure of Guillen, <a href=\"https://laohu8.com/S/AONE\">one</a> of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.</p>\n<p>Stock options give employees and executives the right to buy their company's stock at a specified price for a certain period of time. When share prices rise above the exercise price, they can buy the stocks at discounted prices.</p>\n<p>It was not immediately known how much Guillen paid to exercise the options.</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>Ex-Tesla president sold stocks worth $247 million since June 10-SEC filing</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\">\nEx-Tesla president sold stocks worth $247 million since June 10-SEC filing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-19 07:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>BERKELEY, Calif., June 18 (Reuters) - Long-time Tesla Inc&nbsp;executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission <a href=\"https://laohu8.com/S/SEC.UK\">$(SEC.UK)$</a>.</p>\n<p>The filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on June 14, and 90,111 stocks worth $55 million on June 10.</p>\n<p>\"It could raise some eyebrows for investors,\" Wedbush Securities analyst Daniel Ives said, adding that investors are going to watch closely to see if he sells more.</p>\n<p>Guillen, a former Mercedes engineer who was with Tesla since 2010, oversaw the company's entire vehicles business before being named president of the Tesla Heavy Trucking unit in March. He left the company on June 3.</p>\n<p>The departure of Guillen, <a href=\"https://laohu8.com/S/AONE\">one</a> of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.</p>\n<p>Stock options give employees and executives the right to buy their company's stock at a specified price for a certain period of time. When share prices rise above the exercise price, they can buy the stocks at discounted prices.</p>\n<p>It was not immediately known how much Guillen paid to exercise the options.</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":"2144218770","content_text":"BERKELEY, Calif., June 18 (Reuters) - Long-time Tesla Inc executive and president Jerome Guillen, who left the company earlier in June, has sold an estimated $274 million worth of shares after exercising stock options since June 10, according to a filing with the Securities and Exchange Commission $(SEC.UK)$.\nThe filing, which was submitted to the SEC on Tuesday, said that Guillen expected to sell 215,718 shares for $129 million that day, and that he offloaded another 145,289 stocks worth $89.6 million on June 14, and 90,111 stocks worth $55 million on June 10.\n\"It could raise some eyebrows for investors,\" Wedbush Securities analyst Daniel Ives said, adding that investors are going to watch closely to see if he sells more.\nGuillen, a former Mercedes engineer who was with Tesla since 2010, oversaw the company's entire vehicles business before being named president of the Tesla Heavy Trucking unit in March. He left the company on June 3.\nThe departure of Guillen, one of Tesla's top four leaders, including CEO Elon Musk, has sparked market concerns about Tesla's future vehicle programs like the Semi electric trucks and new batteries called 4680 cells.\nStock options give employees and executives the right to buy their company's stock at a specified price for a certain period of time. When share prices rise above the exercise price, they can buy the stocks at discounted prices.\nIt was not immediately known how much Guillen paid to exercise the options.","news_type":1},"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162366529,"gmtCreate":1624035128861,"gmtModify":1634023711264,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162366529","repostId":"2144034771","repostType":4,"repost":{"id":"2144034771","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1624026060,"share":"https://www.laohu8.com/m/news/2144034771?lang=&edition=full","pubTime":"2021-06-18 22:21","market":"us","language":"en","title":"Oil prices edge higher, look to shake off post-Fed decline","url":"https://stock-news.laohu8.com/highlight/detail?id=2144034771","media":"Dow Jones","summary":"Oil futures climbed on Friday to turn higher for the week, with prices looking to recoup sharp losse","content":"<p>Oil futures climbed on Friday to turn higher for the week, with prices looking to recoup sharp losses from a day earlier that were blamed on strength in the dollar, following a shift in tone by the Federal Reserve this week.</p>\n<p>\"Oil is trying to come to grips with the fact that the Federal Reserve might have to raise interest rates sooner than later, and that stalled the market ascent until they understand exactly what the Fed has in mind,\" Phil Flynn, senior market analyst at The Price Futures Group, told MarketWatch. \"But in the short term, that doesn't change the fact that we're going to see global oil inventories tighten dramatically in the coming weeks.\"</p>\n<p>Meanwhile, Iran held a presidential election Friday. The likelihood that the nation is may see a hardline candidate become the winner, \"probably reduces the odds that Iranian crude oil will come on the market anytime soon,\" said Flynn.</p>\n<p>Read:Why Iran's presidential election is the 'most important political milestone' of 2021 for the global oil market</p>\n<p>Indirect negotiations between the U.S. and Iran to revive the 2015 nuclear deal are ongoing and some analysts have said that a victory by a front-running hard-liner could slow negotiations.</p>\n<p>Energy traders will also keep an eye on the Gulf of Mexico to see if a storm system in the region forms into tropical storm Claudette and causes any problems, said Flynn. \"More than likely, it will shut in some production and delay imports and exports next week.\"</p>\n<p>West Texas Intermediate crude for July delivery rose 72 cents, or 1%, to $71.76 a barrel on the New York Mercantile Exchange, putting the U.S. benchmark on track for a weekly climb of 1.2%, following Thursday's 1.5% loss.</p>\n<p>The global benchmark, August Brent crude , was up 35 cents, or 0.5%, at $73.43 a barrel on ICE Futures Europe. Brent was up 1% for the week.</p>\n<p>On Wednesday, WTI crude saw the highest front-month contract settlement since October 2018, while Brent ended that session at the highest since April 2019, but prices for both contracts fell sharply Thursday.</p>\n<p>\"We believe that the strength of the U.S. dollar, which has seen [the euro/U.S. dollar pair] plunge in a matter of days from over $1.21 to $1.19 now, is chiefly responsible for the price correction,\" said Eugen Weinberg, analyst at Commerzbank, in a note.</p>\n<p>A surging U.S. dollar was getting the blame for a selloff across most of commodity markets, including crude oil Thursday. The greenback moved sharply higher Wednesday and Thursday after a Federal Reserve meeting that saw policy makers pencil in two interest rate increases by the end of 2023 and begin discussing the eventual tapering of its monthly asset purchases.</p>\n<p>Read:Why the U.S. dollar is soaring -- and what's next -- after Fed's change in tone</p>\n<p>The ICE U.S. Dollar Index , a measure of the currency against a basket of six major rivals, was up 0.4% on Friday, headed for a 1.9% weekly gain, which it would be its strongest since September, according to FactSet. A stronger dollar can weigh on commodities priced in the currency, making them more expensive to users of other currencies.</p>\n<p>The selloff across commodities, meanwhile, also appeared to be part of a pullback by assets that had been buoyed by bets on a pickup in inflation. The Bloomberg Commodity Index, which tracks 23 commodities futures markets, was down 4.6% for the week, trimming its year-to-date gain to 16%. The weekly pullback was on track to be the largest since March 2020.</p>\n<p>\"The fact that several other commodities have also weakened means sentiment towards the sector has turned negative, hurting crude oil in the process,\" said Fawad Razaqzada, analyst at ThinkMarkets, in a note.</p>\n<p>Also on Nymex Friday, July gasoline tacked on 0.7% to $2.15 a gallon, with prices trading 1.7% lower for the week. July heating oil added 1.2% to $2.09 a gallon, trading 1.4% lower for the week.</p>\n<p>July natural gas , meanwhile, headed 0.3% lower to $3.24 per million British thermal units, trading down by 1.6% for the week.</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>Oil prices edge higher, look to shake off post-Fed decline</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\">\nOil prices edge higher, look to shake off post-Fed decline\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-18 22:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Oil futures climbed on Friday to turn higher for the week, with prices looking to recoup sharp losses from a day earlier that were blamed on strength in the dollar, following a shift in tone by the Federal Reserve this week.</p>\n<p>\"Oil is trying to come to grips with the fact that the Federal Reserve might have to raise interest rates sooner than later, and that stalled the market ascent until they understand exactly what the Fed has in mind,\" Phil Flynn, senior market analyst at The Price Futures Group, told MarketWatch. \"But in the short term, that doesn't change the fact that we're going to see global oil inventories tighten dramatically in the coming weeks.\"</p>\n<p>Meanwhile, Iran held a presidential election Friday. The likelihood that the nation is may see a hardline candidate become the winner, \"probably reduces the odds that Iranian crude oil will come on the market anytime soon,\" said Flynn.</p>\n<p>Read:Why Iran's presidential election is the 'most important political milestone' of 2021 for the global oil market</p>\n<p>Indirect negotiations between the U.S. and Iran to revive the 2015 nuclear deal are ongoing and some analysts have said that a victory by a front-running hard-liner could slow negotiations.</p>\n<p>Energy traders will also keep an eye on the Gulf of Mexico to see if a storm system in the region forms into tropical storm Claudette and causes any problems, said Flynn. \"More than likely, it will shut in some production and delay imports and exports next week.\"</p>\n<p>West Texas Intermediate crude for July delivery rose 72 cents, or 1%, to $71.76 a barrel on the New York Mercantile Exchange, putting the U.S. benchmark on track for a weekly climb of 1.2%, following Thursday's 1.5% loss.</p>\n<p>The global benchmark, August Brent crude , was up 35 cents, or 0.5%, at $73.43 a barrel on ICE Futures Europe. Brent was up 1% for the week.</p>\n<p>On Wednesday, WTI crude saw the highest front-month contract settlement since October 2018, while Brent ended that session at the highest since April 2019, but prices for both contracts fell sharply Thursday.</p>\n<p>\"We believe that the strength of the U.S. dollar, which has seen [the euro/U.S. dollar pair] plunge in a matter of days from over $1.21 to $1.19 now, is chiefly responsible for the price correction,\" said Eugen Weinberg, analyst at Commerzbank, in a note.</p>\n<p>A surging U.S. dollar was getting the blame for a selloff across most of commodity markets, including crude oil Thursday. The greenback moved sharply higher Wednesday and Thursday after a Federal Reserve meeting that saw policy makers pencil in two interest rate increases by the end of 2023 and begin discussing the eventual tapering of its monthly asset purchases.</p>\n<p>Read:Why the U.S. dollar is soaring -- and what's next -- after Fed's change in tone</p>\n<p>The ICE U.S. Dollar Index , a measure of the currency against a basket of six major rivals, was up 0.4% on Friday, headed for a 1.9% weekly gain, which it would be its strongest since September, according to FactSet. A stronger dollar can weigh on commodities priced in the currency, making them more expensive to users of other currencies.</p>\n<p>The selloff across commodities, meanwhile, also appeared to be part of a pullback by assets that had been buoyed by bets on a pickup in inflation. The Bloomberg Commodity Index, which tracks 23 commodities futures markets, was down 4.6% for the week, trimming its year-to-date gain to 16%. The weekly pullback was on track to be the largest since March 2020.</p>\n<p>\"The fact that several other commodities have also weakened means sentiment towards the sector has turned negative, hurting crude oil in the process,\" said Fawad Razaqzada, analyst at ThinkMarkets, in a note.</p>\n<p>Also on Nymex Friday, July gasoline tacked on 0.7% to $2.15 a gallon, with prices trading 1.7% lower for the week. July heating oil added 1.2% to $2.09 a gallon, trading 1.4% lower for the week.</p>\n<p>July natural gas , meanwhile, headed 0.3% lower to $3.24 per million British thermal units, trading down by 1.6% for the week.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144034771","content_text":"Oil futures climbed on Friday to turn higher for the week, with prices looking to recoup sharp losses from a day earlier that were blamed on strength in the dollar, following a shift in tone by the Federal Reserve this week.\n\"Oil is trying to come to grips with the fact that the Federal Reserve might have to raise interest rates sooner than later, and that stalled the market ascent until they understand exactly what the Fed has in mind,\" Phil Flynn, senior market analyst at The Price Futures Group, told MarketWatch. \"But in the short term, that doesn't change the fact that we're going to see global oil inventories tighten dramatically in the coming weeks.\"\nMeanwhile, Iran held a presidential election Friday. The likelihood that the nation is may see a hardline candidate become the winner, \"probably reduces the odds that Iranian crude oil will come on the market anytime soon,\" said Flynn.\nRead:Why Iran's presidential election is the 'most important political milestone' of 2021 for the global oil market\nIndirect negotiations between the U.S. and Iran to revive the 2015 nuclear deal are ongoing and some analysts have said that a victory by a front-running hard-liner could slow negotiations.\nEnergy traders will also keep an eye on the Gulf of Mexico to see if a storm system in the region forms into tropical storm Claudette and causes any problems, said Flynn. \"More than likely, it will shut in some production and delay imports and exports next week.\"\nWest Texas Intermediate crude for July delivery rose 72 cents, or 1%, to $71.76 a barrel on the New York Mercantile Exchange, putting the U.S. benchmark on track for a weekly climb of 1.2%, following Thursday's 1.5% loss.\nThe global benchmark, August Brent crude , was up 35 cents, or 0.5%, at $73.43 a barrel on ICE Futures Europe. Brent was up 1% for the week.\nOn Wednesday, WTI crude saw the highest front-month contract settlement since October 2018, while Brent ended that session at the highest since April 2019, but prices for both contracts fell sharply Thursday.\n\"We believe that the strength of the U.S. dollar, which has seen [the euro/U.S. dollar pair] plunge in a matter of days from over $1.21 to $1.19 now, is chiefly responsible for the price correction,\" said Eugen Weinberg, analyst at Commerzbank, in a note.\nA surging U.S. dollar was getting the blame for a selloff across most of commodity markets, including crude oil Thursday. The greenback moved sharply higher Wednesday and Thursday after a Federal Reserve meeting that saw policy makers pencil in two interest rate increases by the end of 2023 and begin discussing the eventual tapering of its monthly asset purchases.\nRead:Why the U.S. dollar is soaring -- and what's next -- after Fed's change in tone\nThe ICE U.S. Dollar Index , a measure of the currency against a basket of six major rivals, was up 0.4% on Friday, headed for a 1.9% weekly gain, which it would be its strongest since September, according to FactSet. A stronger dollar can weigh on commodities priced in the currency, making them more expensive to users of other currencies.\nThe selloff across commodities, meanwhile, also appeared to be part of a pullback by assets that had been buoyed by bets on a pickup in inflation. The Bloomberg Commodity Index, which tracks 23 commodities futures markets, was down 4.6% for the week, trimming its year-to-date gain to 16%. The weekly pullback was on track to be the largest since March 2020.\n\"The fact that several other commodities have also weakened means sentiment towards the sector has turned negative, hurting crude oil in the process,\" said Fawad Razaqzada, analyst at ThinkMarkets, in a note.\nAlso on Nymex Friday, July gasoline tacked on 0.7% to $2.15 a gallon, with prices trading 1.7% lower for the week. July heating oil added 1.2% to $2.09 a gallon, trading 1.4% lower for the week.\nJuly natural gas , meanwhile, headed 0.3% lower to $3.24 per million British thermal units, trading down by 1.6% for the week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816423393,"gmtCreate":1630515460712,"gmtModify":1631890660792,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/816423393","repostId":"1136463591","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816423011,"gmtCreate":1630515403033,"gmtModify":1631890660792,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/816423011","repostId":"2164189764","repostType":4,"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891141064,"gmtCreate":1628356340258,"gmtModify":1631890660796,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/891141064","repostId":"1139912651","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159794941,"gmtCreate":1624979216883,"gmtModify":1631890660798,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159794941","repostId":"1150529415","repostType":4,"repost":{"id":"1150529415","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":1624973992,"share":"https://www.laohu8.com/m/news/1150529415?lang=&edition=full","pubTime":"2021-06-29 21:39","market":"us","language":"en","title":"Crypto stocks strengthen with bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=1150529415","media":"Tiger Newspress","summary":"Crypto stocks strengthen with bitcoin.Bitcoin station on 36000 U.S. dollars / piece, for the first t","content":"<p>Crypto stocks strengthen with bitcoin.Bitcoin station on 36000 U.S. dollars / piece, for the first time since June 21, the day up 4.39%.Marathon&nbsp;Digital,Riot Blockchain,Canaan,The9,Coinbase,SOS Ltd.,Big Digital&nbsp;and&nbsp;Square&nbsp;climbed between 2% and 10%.</p>\n<p><img src=\"https://static.tigerbbs.com/a4dab206c84d9e5f82c395a1b2a79c54\" tg-width=\"354\" tg-height=\"720\" 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>Crypto stocks strengthen with bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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*/\n.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\">\nCrypto stocks strengthen with bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-29 21:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Crypto stocks strengthen with bitcoin.Bitcoin station on 36000 U.S. dollars / piece, for the first time since June 21, the day up 4.39%.Marathon&nbsp;Digital,Riot Blockchain,Canaan,The9,Coinbase,SOS Ltd.,Big Digital&nbsp;and&nbsp;Square&nbsp;climbed between 2% and 10%.</p>\n<p><img src=\"https://static.tigerbbs.com/a4dab206c84d9e5f82c395a1b2a79c54\" tg-width=\"354\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"Marathon Digital Holdings Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150529415","content_text":"Crypto stocks strengthen with bitcoin.Bitcoin station on 36000 U.S. dollars / piece, for the first time since June 21, the day up 4.39%.Marathon Digital,Riot Blockchain,Canaan,The9,Coinbase,SOS Ltd.,Big Digital and Square climbed between 2% and 10%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159705703,"gmtCreate":1624978933602,"gmtModify":1631893769882,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159705703","repostId":"2147343850","repostType":4,"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127967262,"gmtCreate":1624820235556,"gmtModify":1633948395859,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/127967262","repostId":"1117734317","repostType":4,"repost":{"id":"1117734317","pubTimestamp":1624759414,"share":"https://www.laohu8.com/m/news/1117734317?lang=&edition=full","pubTime":"2021-06-27 10:03","market":"us","language":"en","title":"Square: The Bear Case","url":"https://stock-news.laohu8.com/highlight/detail?id=1117734317","media":"seekingalpha","summary":"Summary\n\nOn the surface, Square appears to be a growing company and a good investment with strong re","content":"<p><b>Summary</b></p>\n<ul>\n <li>On the surface, Square appears to be a growing company and a good investment with strong revenue growth and a large Cash App user base.</li>\n <li>In reality, the company has struggled to translate its top line into bottom line earnings.</li>\n <li>This has resulted in Square expanding its products to justify exaggerated revenue valuations which may never result in meaningful earnings growth.</li>\n <li>And whilst at first glance its Cash App story appears to be a budding prospect, it may be nothing more than temporary growth based on necessity.</li>\n <li>Given the current valuation and the increasing Bitcoin headwinds, Square could face significant revisions downwards in revenue and earnings.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f072284e4d267ddbfaf6f17db8b6aa46\" tg-width=\"1536\" tg-height=\"1024\"><span>AndreyPopov/iStock via Getty Images</span></p>\n<p><b>Introduction</b></p>\n<p>Square Inc.(NYSE:SQ)is one of the&nbsp;most popular stocks&nbsp;among retail traders and investors, ranking 57 in Robinhood's top 100 rankings. This has resulted in a 135% increase in price over the last year allowing SQ to reach a market capitalization of greater than $100bln, trading with the volatility of a mid-cap company.</p>\n<p>On the surface the price and valuation may seem justified, with the company sequentially increasing revenues and expanding its portfolio of products through Cash App, Bitcoin (BTC-USD), PPP loans and most recently delving into the commercial loans business with a&nbsp;banking license&nbsp;via Square Financial Services.</p>\n<p>However, these valuations are becoming disaggregated from the fundamentals of the company and its core business on speculation of future revenue projections which are heavily reliant on Bitcoin revenues.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/adc746c80eba08b76805234d32a7eff4\" tg-width=\"638\" tg-height=\"358\"><span>Source: Author, with data from SQ Investor Relations (Q1 2021 Historical Financial Information)</span></p>\n<p>In addition to this, SQ potentially faces several other issues related to small business positioning; policy and regulation; and general macroeconomic factors which may create headwinds that will impact its valuation and pose an asymmetric downside risk for investors, which I will extrapolate on below.</p>\n<p><b>Overview</b></p>\n<p>SQ is a payment processing and business tool provider that facilitates transactions between businesses / sellers and individuals and provides them with hardware, online infrastructure and analytics. Additionally, it services individuals through Cash App which appears to be growing exponentially and allows users to send, receive, hold and invest money, and recently Bitcoin.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cee1136e6c6e1b5294daf79d06e4a1e8\" tg-width=\"382\" tg-height=\"421\"><span>Source: SQ Investor Relations (Q1 2021 Shareholder Letter - Cash App Inflows vs Gross Profit)</span></p>\n<p>As of March 2020, the&nbsp;company has received a Banking License&nbsp;from the Federal Deposit Insurance Corporation (FDIC) to originate commercial loans to retailers which use SQ for payment processing.</p>\n<p>Given all of this positive news, it is not surprising that the stock has rallied over 330% in the last 3 years on the basis of future growth projections and, since 2020, has chased revenue estimates.</p>\n<p>This was a common occurrence during COVID, as unchartered waters meant that top line growth was imperative for survival. Further, seemingly endless money printing by the Fed, combined with zero rates, meant money flowed into stocks which showed the highest potential for growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/214a8d95ef4deef4b9e6e7ec8ca86793\" tg-width=\"640\" tg-height=\"377\"><span>Source: Author, using data from YCHARTS (SQ vs EPS Estimates and Revenue Estimates 2021)</span></p>\n<p>However, in Q1 2021, as the printing slowed, yields began to rise and federal transfers to individuals dissipated, and consequently ever increasing revenue estimates began to mean less for the market, resulting in SQ price action ranging between $200 to $280.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a03c8294f2805d4e82fbc3fed739f45\" tg-width=\"640\" tg-height=\"377\"><span>Source: Author, using data from YCHARTS (SQ Price YTD)</span></p>\n<p><b>Quantitative</b></p>\n<p>Year to Date, SQ has been a good performer relative to the payment processing sector, returning ~12% price increases to shareholders.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c32bf1243cd5e4252fc8af88b2ee4bfb\" tg-width=\"640\" tg-height=\"377\"><span>Source: Author, using data from YCHARTS (SQ vs Payment Processing Sector &gt;$50 bln Year to Date)</span></p>\n<p>It is also not a surprise to see why when evaluated against these companies on a forward earnings and revenue basis. SQ has above average and median earnings growth for 2021 and 2022, as well as strong revenue growth for 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b67e41d041b35bf5e8ae3c7adb55c7d\" tg-width=\"640\" tg-height=\"444\"><span>Source: Author, Sector Comparison (Payment Processors)</span></p>\n<p>Whilst SQ's forward PE seems exaggerated in contrast to its counterparts, its forward PS is relatively small and below the sector averages and median, perhaps justifying its present value.</p>\n<p>However, once you remove Bitcoin revenue from the equation, you get much more exaggerated forward PS estimates on much lower revenue growth, which represents SQ's primary business.</p>\n<p>For this equation, I have removed Bitcoin revenue from their Q1 2021 results, and judging by average analyst expectations which show little to no sequential revenue growth from Q2-Q4 2021, multiplied this figure by 4x for a year end revenue estimate of $6,140.70 mln. For prior years, I have removed Bitcoin from Revenue.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/624b2de0076a4f2d6062c52036b5d176\" tg-width=\"640\" tg-height=\"182\"><span>Source: Author, SQ Revenue Growth (2018 to 2021 Estimates with Bitcoin vs excl Bitcoin)</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5337259448695cf7fc6a796d86dba775\" tg-width=\"523\" tg-height=\"245\"><span>Source: Author, SQ vs Sector Comps (Revenue Estimates excl Bitcoin)</span></p>\n<p>As we can see this paints a very different picture of the company, and whilst revenue is still growing slightly above comps which also have high PS ratios, suddenly valuations on earnings look more meaningful and it becomes difficult to justify a forward PE 3x above the average and 4.5x above the median. Especially when companies such as American Express Co (AXP), Mastercard Inc (MA), PayPal Holdings Inc (PYPL) and Visa Inc (V) are producing on average 4x higher EPS. The majority of which pay a dividend and have similar growth estimates with less volatility risk.</p>\n<p>Many will suggest that \"this does not matter as BTC is now part of their revenue metrics and that is that, besides transaction volume is what is important\". However, I would cite the example of the 2018 Bitcoin sell off in which&nbsp;Bitcoin fell 70%, and transaction volumes fell from highs by approximately 75% as well:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b01941a1ab02f1b6dc27d73a2705a242\" tg-width=\"640\" tg-height=\"320\"><span>Source: Bitcoinvisuals.com (Bitcoin Market Volume 2018)</span></p>\n<p>On a valuation basis, this presents a substantial downside risk to investors if Bitcoin continued to retrace as a result of being met by increased regulation globally, as the company is essentially trading on revenue metrics propped up by Bitcoin. Quite simply, price down in Bitcoin could mean downwards revisions to revenue estimates and consequently a highly volatile retracement in the price of SQ.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c89cf1b41c0d446571c7a471bb8d8e50\" tg-width=\"640\" tg-height=\"377\"><span>Source: Author, using data from YCHARTS (SQ Price Correlation - Revenue, EPS and EBITDA)</span></p>\n<p>This becomes increasingly likely given the historical volatility of the stock when compared to its peers and it is not surprising that it is also becoming a consensus short position.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d47874b5957751f0d485a9aa9ec5016\" tg-width=\"640\" tg-height=\"233\"><span>Source: Author (SQ vs Sector Comps Implied and Realized Volatility and Short Interest)</span></p>\n<p>Given the analysis by another Seeking Alpha contributor,The Value Trend&nbsp;in which the author suggests that&nbsp;SQ's 2025 growth is essentially priced in&nbsp;I would have to agree. SQ's reliance on revenue estimates which have been amplified substantially by Bitcoin present an asymmetric risk to the downside in the short to medium term for investors.</p>\n<p><b>Macro</b></p>\n<p>Whilst we are in the process of reopening, many things remain uncertain, such as the level of demand sustainability, job growth and creation, and inflation.</p>\n<p>Whilst the sentiment is overall positive in the media, there are several macroeconomic issues that are beneath the surface which need to be resolved before we can conclude that we are in the clear.</p>\n<p><b>Small Business Environment</b></p>\n<p>SQ's MRQ shows that nearly 49% of the Gross Profit comes from the Seller ecosystem (small businesses).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0f50d03e91a1609a120fa139b61e292\" tg-width=\"640\" tg-height=\"319\"><span>Source: SQ Investor Relations (Q1 2021 10Q Page 39 - Segmented Gross Profit)</span></p>\n<p>The majority of this is originating from exposure to sellers with &lt;$500,000 Gross Payment Volume (69.5%). This makes square substantially exposed to fluctuations in the small business cycle.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75fbdbba973e9d39e9d07b50d6174b03\" tg-width=\"380\" tg-height=\"502\"><span>Source: SQ Investor Relations (Q1 2021 Shareholder Letter)</span></p>\n<p>Delving into the Business Formation Statistics, there is a rosy picture, with over 500,000 business applications for the month of May, 2021 providing an endless surge of opportunity for SQ.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/777bf7fbfba7b466a8c89baa9b21a72d\" tg-width=\"640\" tg-height=\"475\"><span>Source: Census.gov (Business Applications, May 2021)</span></p>\n<p>Again, when we dig deeper and look at the statistics below which rank the optimism of established small businesses, the picture begins to distort and starts to look like the descent into 2008.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5be8fe67a4c257868eb79101d262e77\" tg-width=\"525\" tg-height=\"557\"><span>Source: NFIB (Small Business Economic Trends - Optimism, May 2021)</span></p>\n<p>Further, when we examine Small Business future outlook on expansion, this has also descended to lows and similar to what was seen in 2008. This could suggest that the bread and butter of SQ's gross profit margin, may not expand at the rate previously seen during 2017 to 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e1a555c19fb385f170bb6deb2b3abcca\" tg-width=\"539\" tg-height=\"319\"><span>Source: NFIB (Small Business Economic Trends - Outlook, May 2021)</span></p>\n<p>Additionally, it should be noted that the two primary reasons small businesses are giving for their negative outlook are \"Economic Conditions\" and \"Political Climate\", which could be related to the election in 2020, COVID, recent policy changes and be somewhat transitory. Alternatively it could resemble the slow march of 2008 to 2016, we simply do not know, except for the fact it is a low reading and consequently could weigh on SQ's high revenue and earnings growth estimates.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fbef66ecf854fe482a86e001dec91e6\" tg-width=\"523\" tg-height=\"271\"><span>Source: NFIB (Small Business Economic Trends - Reasons for Outlook, May 2021)</span></p>\n<p><b>Small Business Lending</b></p>\n<p>Looking forward, SQ clearly aims to solidify its position in the commercial lending space through acquiring a banking license. This is very positive for the company due to their large and growing small business user base,their experience since 2014, and the&nbsp;PPP program, which stopped on May 31, 2021.</p>\n<p>Currently, bank lending has receded as a result of recovery efforts from COVID.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/327e5b2f822c5f6e8b6298b58c0d4f94\" tg-width=\"640\" tg-height=\"401\"><span>Source: YCHARTS (US Commercial Banks - Commercial and Industrial Loans)</span></p>\n<p>This can be verified through the credit conditions index in the&nbsp;monthly NFIB report. Although, an&nbsp;American Banker survey&nbsp;is reporting that 86% of small businesses are finding it difficult to access credit, and are having to resort to personal credit.</p>\n<p>This is positive for SQ as it will allow them to fill the gap for credit to small business within the market. Though I believe it will be short lived as there is speculation that when the Fed tapers, they will also announce the lifting of&nbsp;capital restraints&nbsp;placed on Wells Fargo &amp; Company (WFC).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/530b7de3c5d05e7e8f5de219d3582ea7\" tg-width=\"640\" tg-height=\"689\"><span>Source: Credit Suisse (Global Money Dispatch - 25 May 2021)</span></p>\n<p>There is a fairly good probability that this will occur, given that early in 2020 the Fed had&nbsp;lifted these restraints&nbsp;to help small businesses via the PPP program and tapering has a history of upsetting the market. If this occurs, I suspect WFC will become a giant amongst the small business credit space once more and be a very tough competitor to SQ due to their extensive network and history in the space.</p>\n<p><b>Bitcoin, Legislation &amp; Gensler</b></p>\n<p>Bitcoin has been making headlines as of 2H 2020 and much of 1H 2021 for good reason. It is gaining traction amongst retail traders and investors and has shown exceptional appreciation. Further, some minor&nbsp;banks&nbsp;have been interested in the medium although many banks and financial institutions have explicitly banned the&nbsp;purchase of Bitcoin using their services.</p>\n<p>The primary reasons for their objection is more than likely to do with illicit activities, such as&nbsp;money laundering,terrorism,fake transaction volumes, and similar activities which I do not want to get into and neither do banks.</p>\n<p>Consequently, on the recent hype, many countries are now stepping in to regulate the use of Bitcoin, but others are going a step further and are enacting legislation to ban its use and mining, most notably,China&nbsp;and&nbsp;India.</p>\n<p>This has had a negative impact on the price of Bitcoin since the ATHs in May 2021 of ~$65,000, retracing -46% since then.</p>\n<p>It is also extremely negative for Bitcoin going forward as the majority of Bitcoin mining is done in China (~70% YTD) with&nbsp;Hashrates of mining being correlated to the price. Therefore if these recede on decreasing Chinese mining activity, price could surely follow, affecting SQ's Bitcoin holdings and future transaction volumes.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75ef78953396700241870a3f3ae8d8be\" tg-width=\"640\" tg-height=\"382\"><span>Source: Cambridge University (Cambridge Bitcoin Electricity Consumption Index YTD)</span></p>\n<p>Whilst the SEC has come out and said that&nbsp;Bitcoin regulation is not on their agenda for 2021, Gary Gensler has&nbsp;warned investors to be cautious. Gensler is also has a long history on regulations to protect investors, and despite not putting Bitcoin on the agenda for 2021, I advise readers to study his history with respect to&nbsp;2000 and 2008.</p>\n<p>Looking out further, this does not bode well for Bitcoin and SQ, generally. It is likely that there could be further regulation rather than adoption, negatively impacting its price, leading to a repeat of 2018 lower volumes as well as mining activity.</p>\n<p><b>General Economy - The Worry for Retail</b></p>\n<p>Separately, we could also be seeing a negative situation for retail going forward. Much of the recovery in retail as not been driven by \"pent up demand\" but mostly through subsidies issued throughout&nbsp;2020 and the start of 2021. When examining the graph below, we can see that once you subtract transfer receipts (government stimulus cheques and employment benefits - red line), income is not what it used to be.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/97a5a8cfaa11dd3c5ab5544778a40b90\" tg-width=\"640\" tg-height=\"247\"><span>Source: Federal Reserve Bank of St. Louis (Disposable Income vs Real Income minus Transfers vs Personal Savings vs Retail Trade Sales)</span></p>\n<p>Additionally, we can see that much of the spikes in retail sales (purple) have been driven mainly through the stimulus cheques which bolstered disposable income (blue) and consumer savings (green), though now stimulus has ended and people are having to start to dig into their savings, which is dropped 54% month on month between March and April.</p>\n<p>The consumer spending situation is made worse when examining U6 unemployment, which is&nbsp;considered to be the most revealing&nbsp;amongst economists as it includes unemployed, underemployed and discouraged job seekers. This, generally speaking, does not bode well for consumer discretionary spending patterns going forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c09f260d254df1a847962a6b6896764c\" tg-width=\"640\" tg-height=\"388\"><span>Source: Macrotrends.net (U6 Unemployment Rate vs U5 vs Official)</span></p>\n<p>Finally, the rising cost of food and energy, which for food I expect to continue, should hamper consumer discretionary spend going forward. I have previously written articles on The Mosaic Company (MOS)hereand The Andersons (ANDE)here, which outline my justification for this trend.</p>\n<p>In relation to SQ, we can see their historical exposure to consumer discretionary spend based on end 2019 data. When taking into account figures from: retail; professional services, beauty and personal care, home and repair, leisure and entertainment, and casual use, the total exposure is approximately 59%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dddddbe8ed21ed16aab29a7b5ebbc846\" tg-width=\"640\" tg-height=\"340\"><span>Source: Statista (Raynor de Best - GPV by Seller Industry Dec 2019)</span></p>\n<p>Whilst this may not impact its revenue figures substantially due to the weighting of bitcoin, I do expect this to undermine is gross profit figures going forward and negatively impact margins as stimulus further fades.</p>\n<p><b>Financials</b></p>\n<p><b>Bitcoin</b></p>\n<p>When examining the financials of SQ we can easily see that Bitcoin is the predominant factor driving its revenue growth (MRQ 69% of total revenue) of which its valuation is derived (see above Introduction section - SQ Price vs Revenue Segments; and Quantitative section - SQ Price correlation).</p>\n<p>From their Q1 2021 Shareholder Letter, page 12 they have stated that on March 31, 2021 the fair value of their holdings was $472 million. On this date the closing price was $58,918.83, or approximately 8,011 Bitcoins. They also state they initially invested $200 million into bitcoin during this period and Q4, so their average price is roughly $25,000 per Bitcoin.</p>\n<p>Currently, the price of Bitcoin sits at approximately $34,600 and it also appears to be struggling to find traction, especially when you examine some other trends. For example, looking at search trends of \"Buy Bitcoin\" on Google Trends, this is clearly waning.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d6b3b70625f48232fa97f1aa14f5548e\" tg-width=\"640\" tg-height=\"333\"><span>Source: Google Trends (Buy Bitcoin search terms - Worldwide 5 Yrs)</span></p>\n<p>Additionally, when you align this data with stimulus payments it is clear there is a relationship between the two in 2H 2020, and much of the recent speculation could be driven by government subsidies.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54329dbe61b7b1f9fc1347f632aff709\" tg-width=\"640\" tg-height=\"293\"><span>Source: USA.Gov (COVID Stimulus Cheque Dates)</span></p>\n<p>The spike in searches occurs roughly around the time of the two latter government stimulus cheques with a lag of a few days to a few weeks.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c7a198a905e4a89f11faa1b4db4003b\" tg-width=\"640\" tg-height=\"340\"><span>Source: Google Trends (Buy Bitcoin search terms - USA 12 Months)</span></p>\n<p>This also coincides with Bitcoin's price run up in December 2020 and January 2021, as well the failed rally in March and April 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0428576ae2c8312e747c3ae5fccab637\" tg-width=\"640\" tg-height=\"401\"><span>Source: YCHARTS (Bitcoin Price 1 Yr)</span></p>\n<p>Thus, in this example, if we have a continued sell off of -70%, which is similar to what occurred in 2018. We would be back at November 2020 Bitcoin prices of $20,000 approximately.</p>\n<p>This is still feasible on the basis of dwindling volume, further legislation and declining hashrates. It could also be theorized that SQ may carry an impairment charge of $40 million, which would greatly affect operating income, net income and shareholder earnings and future estimates. Though this is purely theoretical without accounting for transactions in the current quarter, such as purchases or sales at or near ATHs.</p>\n<p>Additionally, with the lack of stimulus payments going forward and tighter consumer discretionary spend, the revenue generated from Bitcoin may also decline as less money enters the space and volumes decline. Negatively impacting revenue estimates for SQ and subsequently their price and valuation.</p>\n<p><b>Cash App</b></p>\n<p>On the surface, it looks like Cash App is growing exponentially into a viable platform for users to transact, with more than 36 million monthly transacting active customers, up 50% YoY.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b457a1d1f65d9d40fac153a9926aa167\" tg-width=\"262\" tg-height=\"230\"><span>Source: SQ Investor Relations (Q4 2020 Shareholder Letter)</span></p>\n<p>However, this growth in Cash App may be unsustainable going forward, with SQ elaborating on this in their Quarterly filing notes:</p>\n<blockquote>\n Cash App revenue benefited from growth in numbers of active Cash App customers and from&nbsp;\n <b>government relief programs</b>&nbsp;most recently passed into law in late December 2020 and in March 2021, as well as cumulative benefit from earlier stimulus programs passed in 2020. These programs provided additional stimulus relief and unemployment benefits which resulted in an increase in consumer spending and inflows into our Cash App ecosystem. Cash App revenue growth may not be sustained at the same levels in future quarters and may be impacted by the enactment of further stimulus relief and benefit programs, as well as the demand and market prices for bitcoin, amongst other factors.\n</blockquote>\n<blockquote>\n <i>Source: SQ Investor Relations (Q1 2021 10Q Filings - Page 49)</i>\n</blockquote>\n<p>Part of the issue with Cash App is theoretical continued use and future adoption. Much of the growth seen over the last year was predominantly fueled by stimulus payments through the Cash App ecosystem, and therefore by necessity given the circumstances.</p>\n<p>The two sharp spikes in searches for the app occurred on:</p>\n<ul>\n <li>April 12-18 2020</li>\n <li>January 24-30 2021</li>\n</ul>\n<p>These coincide with stimulus payments as they initially sent them and they gradually deposited them into people's accounts.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f9485d2feac40030b5190195a471781e\" tg-width=\"640\" tg-height=\"337\"><span>Source: Google Trends (Cash App search terms - USA 5 Years)</span></p>\n<p>Therefore, as government stimulus payments end, and Bitcoin again fades from relevancy, and more people return to work and day-trade less, this could negatively impact user growth metrics going forward, impacting SQ revenue estimates, gross profit figures, and its earnings.</p>\n<p>Further, there are a multitude of other more viable platforms, which another Seeking Alpha contributor,The Value Trend, has elaborated onhere.</p>\n<p>It is also important to keep in mind how they define these users, a \"Transacting active Cash App customer\" is the following:</p>\n<blockquote>\n ... has at least\n <b>one financial transaction</b>using any product or service within Cash App during the specified period.\n</blockquote>\n<blockquote>\n <i>Source: SQ Investor Relations (Q4 2020 Shareholder Letter - Page 4)</i>\n</blockquote>\n<p>So, if a customer received their wages from an employer, or unemployment benefit, into Cash App once per month, and transferred all of it to their bank account once per month, they are a \"transacting active Cash App customer\"...</p>\n<p>Perhaps a better quantifier of an \"active\" customer would be greater than 5 transactions.</p>\n<p><b>Technicals</b></p>\n<p>Examining the technicals of SQ, it is clear that the stock is now ranging between $200 and $280, with several breakout attempts at $250 and 2 failed attempts near $300, showing several signs that momentum is dying out.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c277d5239e06c67b7ff6fd7fff319bb\" tg-width=\"640\" tg-height=\"642\"><span>Source: Author, with data from FINVIZ (SQ Chart)</span></p>\n<p>When examining dark pool order flows, there is a possibility for the current rally to continue as dark pools are at lows, which may likely continue into earnings by August. Although I would not get my hopes up unless some seriously good news occurs and Bitcoin rallies back to ATHs.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3323bfcd903c74dce542b53b0b56e093\" tg-width=\"640\" tg-height=\"281\"><span>Source: Squeezemetrics.com (SQ Dark Pools vs Implied Vol 2 Years)</span></p>\n<p>From the 13F filings, we can also see that many funds have reduced exposure and closed their positions, with fewer new positions being added. The Put to Call ratio is also becoming quite high, especially on a stock that has $100 bln market cap, signaling that we are not the only ones thinking the same thing.</p>\n<p>Caution is required though, as SQ's issues with Bitcoin are obviously becoming a consensus trade, and when those puts are lifted, gamma may turn positive and it could cause the stock to rally significantly.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b221f08c025ba225e32114f0e76dd272\" tg-width=\"640\" tg-height=\"152\"><span>Source: Whalewisdom.com (SQ Funds Positioning)</span></p>\n<p>Further, with relation to ARK ETFs, it is no surprise that there have been&nbsp;significant liquidity issues&nbsp;the last 6 months, and I agree with another Seeking Alpha contributor's thesisherethat we will see a reversion to the mean with respect to prices of stocks held in these ETFs. What can be noted is that Cathie has significantly reduced her exposure to SQ and that she may be picking her battles.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ecce0e1f1cd9e7e47fe27105be3f6ad0\" tg-width=\"640\" tg-height=\"559\"><span>Source: Cathiesark.com (SQ Shares Held - All ETFs)</span></p>\n<p>Given the above information, this is a difficult company to be short. It will either payoff enormously, or rip your face off due to its volatility. Additionally there are many funds wanting some small level of exposure to a company with Bitcoin on the financial statements. Therefore, if you were to trade this as a short at your own risk, discretion is advised and you should always pick your battles.</p>\n<p><b>Price Targets</b></p>\n<p>On the basis of volatility through SQ's ATR it is possible that SQ could move to a low of approximately $100 by the end of the year, moving in favor 40% of the time. This aligns with my year end 2021 price if you remove Bitcoin entirely from the equation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4ec1e2586568ef7e0aea0c54e3503acc\" tg-width=\"640\" tg-height=\"222\"><span>Source: Author (SQ ATR Calculator)</span></p>\n<p>However, it would not be sensible to do this as it is part of their revenue for the time being, no matter how high Bitcoin volumes were in the start of 2021 and how low they may be at the end of the year.</p>\n<p>I do expect the stock to fall again and retest $200, possibly breaking down to $160. Though it is very difficult to determine a valuation with SQ, mainly because the valuation is derived from Bitcoin revenues, and also the perceived value by funds and the market in the future adoption of the asset.</p>\n<p>If the market begins to perceive Bitcoin again as irrelevant, I would expect SQ to slowly sell off to between $150 and $160 (-37% downside) with a low probability that it will rally past $300 (25% upside).</p>\n<p><b>Risks</b></p>\n<p>With respect to SQ the following risks should be noted.</p>\n<p>The company is growing, whether you like SQ or not. The main questions are: Will the market value Bitcoin on any realistic basis? How much is it growing with and without Bitcoin? What is the potential future growth with and without Bitcoin? And does the market believe it, or for that matter care?</p>\n<p>If the Bitcoin fades from relevancy, and judging by Google Trends, it is more likely than it is not, it is not outlandish to assume that SQ will suffer as a result of this and over the 2H 2021 and take a substantial hit to revenue estimates. However, if Bitcoin adoption increases and negative news fades, since this is a growth company, it could simply continue rallying.</p>\n<p>Further, consumer spending patterns are producing mixed data, and above I have presented a bear case. This could easily turn the other way if people's behavior changes, such as applying for jobs which will increase spending in the economy and hopefully produce small business growth and increase small business optimism and expansion, which is very beneficial for SQ as a cyclical business in the payment processing space.</p>\n<p>Again, caution is necessary, though I do think that future growth of the company is priced in and there is a higher risk to holders of SQ to the downside than to the upside.</p>\n<p><b>Summary</b></p>\n<p>SQ is a high growth company with some potential positive points in the long run; however, its valuation is highly questionable due to its high revenue estimates predominantly derived from Bitcoin transactions and not bottom-line earnings growth.</p>\n<p>From a quantitative perspective, it looks good amongst its peers but upon further examination it appears to be extremely overvalued as future growth, at least for 2021, may be derived from Bitcoin. Further, its Cash App adoption statistics may not continue to see the same run rate going forward without continued government stimulus.</p>\n<p>Additionally, it faces several potential macroeconomic hurdles with respect to small business exposure, lending competitors, consumer transaction competitors, Bitcoin legislation and softening retail demand.</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>Square: The Bear Case</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\">\nSquare: The Bear Case\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436723-square-the-bear-case><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nOn the surface, Square appears to be a growing company and a good investment with strong revenue growth and a large Cash App user base.\nIn reality, the company has struggled to translate its ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436723-square-the-bear-case\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://seekingalpha.com/article/4436723-square-the-bear-case","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117734317","content_text":"Summary\n\nOn the surface, Square appears to be a growing company and a good investment with strong revenue growth and a large Cash App user base.\nIn reality, the company has struggled to translate its top line into bottom line earnings.\nThis has resulted in Square expanding its products to justify exaggerated revenue valuations which may never result in meaningful earnings growth.\nAnd whilst at first glance its Cash App story appears to be a budding prospect, it may be nothing more than temporary growth based on necessity.\nGiven the current valuation and the increasing Bitcoin headwinds, Square could face significant revisions downwards in revenue and earnings.\n\nAndreyPopov/iStock via Getty Images\nIntroduction\nSquare Inc.(NYSE:SQ)is one of the most popular stocks among retail traders and investors, ranking 57 in Robinhood's top 100 rankings. This has resulted in a 135% increase in price over the last year allowing SQ to reach a market capitalization of greater than $100bln, trading with the volatility of a mid-cap company.\nOn the surface the price and valuation may seem justified, with the company sequentially increasing revenues and expanding its portfolio of products through Cash App, Bitcoin (BTC-USD), PPP loans and most recently delving into the commercial loans business with a banking license via Square Financial Services.\nHowever, these valuations are becoming disaggregated from the fundamentals of the company and its core business on speculation of future revenue projections which are heavily reliant on Bitcoin revenues.\nSource: Author, with data from SQ Investor Relations (Q1 2021 Historical Financial Information)\nIn addition to this, SQ potentially faces several other issues related to small business positioning; policy and regulation; and general macroeconomic factors which may create headwinds that will impact its valuation and pose an asymmetric downside risk for investors, which I will extrapolate on below.\nOverview\nSQ is a payment processing and business tool provider that facilitates transactions between businesses / sellers and individuals and provides them with hardware, online infrastructure and analytics. Additionally, it services individuals through Cash App which appears to be growing exponentially and allows users to send, receive, hold and invest money, and recently Bitcoin.\nSource: SQ Investor Relations (Q1 2021 Shareholder Letter - Cash App Inflows vs Gross Profit)\nAs of March 2020, the company has received a Banking License from the Federal Deposit Insurance Corporation (FDIC) to originate commercial loans to retailers which use SQ for payment processing.\nGiven all of this positive news, it is not surprising that the stock has rallied over 330% in the last 3 years on the basis of future growth projections and, since 2020, has chased revenue estimates.\nThis was a common occurrence during COVID, as unchartered waters meant that top line growth was imperative for survival. Further, seemingly endless money printing by the Fed, combined with zero rates, meant money flowed into stocks which showed the highest potential for growth.\nSource: Author, using data from YCHARTS (SQ vs EPS Estimates and Revenue Estimates 2021)\nHowever, in Q1 2021, as the printing slowed, yields began to rise and federal transfers to individuals dissipated, and consequently ever increasing revenue estimates began to mean less for the market, resulting in SQ price action ranging between $200 to $280.\nSource: Author, using data from YCHARTS (SQ Price YTD)\nQuantitative\nYear to Date, SQ has been a good performer relative to the payment processing sector, returning ~12% price increases to shareholders.\nSource: Author, using data from YCHARTS (SQ vs Payment Processing Sector >$50 bln Year to Date)\nIt is also not a surprise to see why when evaluated against these companies on a forward earnings and revenue basis. SQ has above average and median earnings growth for 2021 and 2022, as well as strong revenue growth for 2021.\nSource: Author, Sector Comparison (Payment Processors)\nWhilst SQ's forward PE seems exaggerated in contrast to its counterparts, its forward PS is relatively small and below the sector averages and median, perhaps justifying its present value.\nHowever, once you remove Bitcoin revenue from the equation, you get much more exaggerated forward PS estimates on much lower revenue growth, which represents SQ's primary business.\nFor this equation, I have removed Bitcoin revenue from their Q1 2021 results, and judging by average analyst expectations which show little to no sequential revenue growth from Q2-Q4 2021, multiplied this figure by 4x for a year end revenue estimate of $6,140.70 mln. For prior years, I have removed Bitcoin from Revenue.\nSource: Author, SQ Revenue Growth (2018 to 2021 Estimates with Bitcoin vs excl Bitcoin)\nSource: Author, SQ vs Sector Comps (Revenue Estimates excl Bitcoin)\nAs we can see this paints a very different picture of the company, and whilst revenue is still growing slightly above comps which also have high PS ratios, suddenly valuations on earnings look more meaningful and it becomes difficult to justify a forward PE 3x above the average and 4.5x above the median. Especially when companies such as American Express Co (AXP), Mastercard Inc (MA), PayPal Holdings Inc (PYPL) and Visa Inc (V) are producing on average 4x higher EPS. The majority of which pay a dividend and have similar growth estimates with less volatility risk.\nMany will suggest that \"this does not matter as BTC is now part of their revenue metrics and that is that, besides transaction volume is what is important\". However, I would cite the example of the 2018 Bitcoin sell off in which Bitcoin fell 70%, and transaction volumes fell from highs by approximately 75% as well:\nSource: Bitcoinvisuals.com (Bitcoin Market Volume 2018)\nOn a valuation basis, this presents a substantial downside risk to investors if Bitcoin continued to retrace as a result of being met by increased regulation globally, as the company is essentially trading on revenue metrics propped up by Bitcoin. Quite simply, price down in Bitcoin could mean downwards revisions to revenue estimates and consequently a highly volatile retracement in the price of SQ.\nSource: Author, using data from YCHARTS (SQ Price Correlation - Revenue, EPS and EBITDA)\nThis becomes increasingly likely given the historical volatility of the stock when compared to its peers and it is not surprising that it is also becoming a consensus short position.\nSource: Author (SQ vs Sector Comps Implied and Realized Volatility and Short Interest)\nGiven the analysis by another Seeking Alpha contributor,The Value Trend in which the author suggests that SQ's 2025 growth is essentially priced in I would have to agree. SQ's reliance on revenue estimates which have been amplified substantially by Bitcoin present an asymmetric risk to the downside in the short to medium term for investors.\nMacro\nWhilst we are in the process of reopening, many things remain uncertain, such as the level of demand sustainability, job growth and creation, and inflation.\nWhilst the sentiment is overall positive in the media, there are several macroeconomic issues that are beneath the surface which need to be resolved before we can conclude that we are in the clear.\nSmall Business Environment\nSQ's MRQ shows that nearly 49% of the Gross Profit comes from the Seller ecosystem (small businesses).\nSource: SQ Investor Relations (Q1 2021 10Q Page 39 - Segmented Gross Profit)\nThe majority of this is originating from exposure to sellers with <$500,000 Gross Payment Volume (69.5%). This makes square substantially exposed to fluctuations in the small business cycle.\nSource: SQ Investor Relations (Q1 2021 Shareholder Letter)\nDelving into the Business Formation Statistics, there is a rosy picture, with over 500,000 business applications for the month of May, 2021 providing an endless surge of opportunity for SQ.\nSource: Census.gov (Business Applications, May 2021)\nAgain, when we dig deeper and look at the statistics below which rank the optimism of established small businesses, the picture begins to distort and starts to look like the descent into 2008.\nSource: NFIB (Small Business Economic Trends - Optimism, May 2021)\nFurther, when we examine Small Business future outlook on expansion, this has also descended to lows and similar to what was seen in 2008. This could suggest that the bread and butter of SQ's gross profit margin, may not expand at the rate previously seen during 2017 to 2020.\nSource: NFIB (Small Business Economic Trends - Outlook, May 2021)\nAdditionally, it should be noted that the two primary reasons small businesses are giving for their negative outlook are \"Economic Conditions\" and \"Political Climate\", which could be related to the election in 2020, COVID, recent policy changes and be somewhat transitory. Alternatively it could resemble the slow march of 2008 to 2016, we simply do not know, except for the fact it is a low reading and consequently could weigh on SQ's high revenue and earnings growth estimates.\nSource: NFIB (Small Business Economic Trends - Reasons for Outlook, May 2021)\nSmall Business Lending\nLooking forward, SQ clearly aims to solidify its position in the commercial lending space through acquiring a banking license. This is very positive for the company due to their large and growing small business user base,their experience since 2014, and the PPP program, which stopped on May 31, 2021.\nCurrently, bank lending has receded as a result of recovery efforts from COVID.\nSource: YCHARTS (US Commercial Banks - Commercial and Industrial Loans)\nThis can be verified through the credit conditions index in the monthly NFIB report. Although, an American Banker survey is reporting that 86% of small businesses are finding it difficult to access credit, and are having to resort to personal credit.\nThis is positive for SQ as it will allow them to fill the gap for credit to small business within the market. Though I believe it will be short lived as there is speculation that when the Fed tapers, they will also announce the lifting of capital restraints placed on Wells Fargo & Company (WFC).\nSource: Credit Suisse (Global Money Dispatch - 25 May 2021)\nThere is a fairly good probability that this will occur, given that early in 2020 the Fed had lifted these restraints to help small businesses via the PPP program and tapering has a history of upsetting the market. If this occurs, I suspect WFC will become a giant amongst the small business credit space once more and be a very tough competitor to SQ due to their extensive network and history in the space.\nBitcoin, Legislation & Gensler\nBitcoin has been making headlines as of 2H 2020 and much of 1H 2021 for good reason. It is gaining traction amongst retail traders and investors and has shown exceptional appreciation. Further, some minor banks have been interested in the medium although many banks and financial institutions have explicitly banned the purchase of Bitcoin using their services.\nThe primary reasons for their objection is more than likely to do with illicit activities, such as money laundering,terrorism,fake transaction volumes, and similar activities which I do not want to get into and neither do banks.\nConsequently, on the recent hype, many countries are now stepping in to regulate the use of Bitcoin, but others are going a step further and are enacting legislation to ban its use and mining, most notably,China and India.\nThis has had a negative impact on the price of Bitcoin since the ATHs in May 2021 of ~$65,000, retracing -46% since then.\nIt is also extremely negative for Bitcoin going forward as the majority of Bitcoin mining is done in China (~70% YTD) with Hashrates of mining being correlated to the price. Therefore if these recede on decreasing Chinese mining activity, price could surely follow, affecting SQ's Bitcoin holdings and future transaction volumes.\nSource: Cambridge University (Cambridge Bitcoin Electricity Consumption Index YTD)\nWhilst the SEC has come out and said that Bitcoin regulation is not on their agenda for 2021, Gary Gensler has warned investors to be cautious. Gensler is also has a long history on regulations to protect investors, and despite not putting Bitcoin on the agenda for 2021, I advise readers to study his history with respect to 2000 and 2008.\nLooking out further, this does not bode well for Bitcoin and SQ, generally. It is likely that there could be further regulation rather than adoption, negatively impacting its price, leading to a repeat of 2018 lower volumes as well as mining activity.\nGeneral Economy - The Worry for Retail\nSeparately, we could also be seeing a negative situation for retail going forward. Much of the recovery in retail as not been driven by \"pent up demand\" but mostly through subsidies issued throughout 2020 and the start of 2021. When examining the graph below, we can see that once you subtract transfer receipts (government stimulus cheques and employment benefits - red line), income is not what it used to be.\nSource: Federal Reserve Bank of St. Louis (Disposable Income vs Real Income minus Transfers vs Personal Savings vs Retail Trade Sales)\nAdditionally, we can see that much of the spikes in retail sales (purple) have been driven mainly through the stimulus cheques which bolstered disposable income (blue) and consumer savings (green), though now stimulus has ended and people are having to start to dig into their savings, which is dropped 54% month on month between March and April.\nThe consumer spending situation is made worse when examining U6 unemployment, which is considered to be the most revealing amongst economists as it includes unemployed, underemployed and discouraged job seekers. This, generally speaking, does not bode well for consumer discretionary spending patterns going forward.\nSource: Macrotrends.net (U6 Unemployment Rate vs U5 vs Official)\nFinally, the rising cost of food and energy, which for food I expect to continue, should hamper consumer discretionary spend going forward. I have previously written articles on The Mosaic Company (MOS)hereand The Andersons (ANDE)here, which outline my justification for this trend.\nIn relation to SQ, we can see their historical exposure to consumer discretionary spend based on end 2019 data. When taking into account figures from: retail; professional services, beauty and personal care, home and repair, leisure and entertainment, and casual use, the total exposure is approximately 59%.\nSource: Statista (Raynor de Best - GPV by Seller Industry Dec 2019)\nWhilst this may not impact its revenue figures substantially due to the weighting of bitcoin, I do expect this to undermine is gross profit figures going forward and negatively impact margins as stimulus further fades.\nFinancials\nBitcoin\nWhen examining the financials of SQ we can easily see that Bitcoin is the predominant factor driving its revenue growth (MRQ 69% of total revenue) of which its valuation is derived (see above Introduction section - SQ Price vs Revenue Segments; and Quantitative section - SQ Price correlation).\nFrom their Q1 2021 Shareholder Letter, page 12 they have stated that on March 31, 2021 the fair value of their holdings was $472 million. On this date the closing price was $58,918.83, or approximately 8,011 Bitcoins. They also state they initially invested $200 million into bitcoin during this period and Q4, so their average price is roughly $25,000 per Bitcoin.\nCurrently, the price of Bitcoin sits at approximately $34,600 and it also appears to be struggling to find traction, especially when you examine some other trends. For example, looking at search trends of \"Buy Bitcoin\" on Google Trends, this is clearly waning.\nSource: Google Trends (Buy Bitcoin search terms - Worldwide 5 Yrs)\nAdditionally, when you align this data with stimulus payments it is clear there is a relationship between the two in 2H 2020, and much of the recent speculation could be driven by government subsidies.\nSource: USA.Gov (COVID Stimulus Cheque Dates)\nThe spike in searches occurs roughly around the time of the two latter government stimulus cheques with a lag of a few days to a few weeks.\nSource: Google Trends (Buy Bitcoin search terms - USA 12 Months)\nThis also coincides with Bitcoin's price run up in December 2020 and January 2021, as well the failed rally in March and April 2021.\nSource: YCHARTS (Bitcoin Price 1 Yr)\nThus, in this example, if we have a continued sell off of -70%, which is similar to what occurred in 2018. We would be back at November 2020 Bitcoin prices of $20,000 approximately.\nThis is still feasible on the basis of dwindling volume, further legislation and declining hashrates. It could also be theorized that SQ may carry an impairment charge of $40 million, which would greatly affect operating income, net income and shareholder earnings and future estimates. Though this is purely theoretical without accounting for transactions in the current quarter, such as purchases or sales at or near ATHs.\nAdditionally, with the lack of stimulus payments going forward and tighter consumer discretionary spend, the revenue generated from Bitcoin may also decline as less money enters the space and volumes decline. Negatively impacting revenue estimates for SQ and subsequently their price and valuation.\nCash App\nOn the surface, it looks like Cash App is growing exponentially into a viable platform for users to transact, with more than 36 million monthly transacting active customers, up 50% YoY.\nSource: SQ Investor Relations (Q4 2020 Shareholder Letter)\nHowever, this growth in Cash App may be unsustainable going forward, with SQ elaborating on this in their Quarterly filing notes:\n\n Cash App revenue benefited from growth in numbers of active Cash App customers and from \n government relief programs most recently passed into law in late December 2020 and in March 2021, as well as cumulative benefit from earlier stimulus programs passed in 2020. These programs provided additional stimulus relief and unemployment benefits which resulted in an increase in consumer spending and inflows into our Cash App ecosystem. Cash App revenue growth may not be sustained at the same levels in future quarters and may be impacted by the enactment of further stimulus relief and benefit programs, as well as the demand and market prices for bitcoin, amongst other factors.\n\n\nSource: SQ Investor Relations (Q1 2021 10Q Filings - Page 49)\n\nPart of the issue with Cash App is theoretical continued use and future adoption. Much of the growth seen over the last year was predominantly fueled by stimulus payments through the Cash App ecosystem, and therefore by necessity given the circumstances.\nThe two sharp spikes in searches for the app occurred on:\n\nApril 12-18 2020\nJanuary 24-30 2021\n\nThese coincide with stimulus payments as they initially sent them and they gradually deposited them into people's accounts.\nSource: Google Trends (Cash App search terms - USA 5 Years)\nTherefore, as government stimulus payments end, and Bitcoin again fades from relevancy, and more people return to work and day-trade less, this could negatively impact user growth metrics going forward, impacting SQ revenue estimates, gross profit figures, and its earnings.\nFurther, there are a multitude of other more viable platforms, which another Seeking Alpha contributor,The Value Trend, has elaborated onhere.\nIt is also important to keep in mind how they define these users, a \"Transacting active Cash App customer\" is the following:\n\n ... has at least\n one financial transactionusing any product or service within Cash App during the specified period.\n\n\nSource: SQ Investor Relations (Q4 2020 Shareholder Letter - Page 4)\n\nSo, if a customer received their wages from an employer, or unemployment benefit, into Cash App once per month, and transferred all of it to their bank account once per month, they are a \"transacting active Cash App customer\"...\nPerhaps a better quantifier of an \"active\" customer would be greater than 5 transactions.\nTechnicals\nExamining the technicals of SQ, it is clear that the stock is now ranging between $200 and $280, with several breakout attempts at $250 and 2 failed attempts near $300, showing several signs that momentum is dying out.\nSource: Author, with data from FINVIZ (SQ Chart)\nWhen examining dark pool order flows, there is a possibility for the current rally to continue as dark pools are at lows, which may likely continue into earnings by August. Although I would not get my hopes up unless some seriously good news occurs and Bitcoin rallies back to ATHs.\nSource: Squeezemetrics.com (SQ Dark Pools vs Implied Vol 2 Years)\nFrom the 13F filings, we can also see that many funds have reduced exposure and closed their positions, with fewer new positions being added. The Put to Call ratio is also becoming quite high, especially on a stock that has $100 bln market cap, signaling that we are not the only ones thinking the same thing.\nCaution is required though, as SQ's issues with Bitcoin are obviously becoming a consensus trade, and when those puts are lifted, gamma may turn positive and it could cause the stock to rally significantly.\nSource: Whalewisdom.com (SQ Funds Positioning)\nFurther, with relation to ARK ETFs, it is no surprise that there have been significant liquidity issues the last 6 months, and I agree with another Seeking Alpha contributor's thesisherethat we will see a reversion to the mean with respect to prices of stocks held in these ETFs. What can be noted is that Cathie has significantly reduced her exposure to SQ and that she may be picking her battles.\nSource: Cathiesark.com (SQ Shares Held - All ETFs)\nGiven the above information, this is a difficult company to be short. It will either payoff enormously, or rip your face off due to its volatility. Additionally there are many funds wanting some small level of exposure to a company with Bitcoin on the financial statements. Therefore, if you were to trade this as a short at your own risk, discretion is advised and you should always pick your battles.\nPrice Targets\nOn the basis of volatility through SQ's ATR it is possible that SQ could move to a low of approximately $100 by the end of the year, moving in favor 40% of the time. This aligns with my year end 2021 price if you remove Bitcoin entirely from the equation.\nSource: Author (SQ ATR Calculator)\nHowever, it would not be sensible to do this as it is part of their revenue for the time being, no matter how high Bitcoin volumes were in the start of 2021 and how low they may be at the end of the year.\nI do expect the stock to fall again and retest $200, possibly breaking down to $160. Though it is very difficult to determine a valuation with SQ, mainly because the valuation is derived from Bitcoin revenues, and also the perceived value by funds and the market in the future adoption of the asset.\nIf the market begins to perceive Bitcoin again as irrelevant, I would expect SQ to slowly sell off to between $150 and $160 (-37% downside) with a low probability that it will rally past $300 (25% upside).\nRisks\nWith respect to SQ the following risks should be noted.\nThe company is growing, whether you like SQ or not. The main questions are: Will the market value Bitcoin on any realistic basis? How much is it growing with and without Bitcoin? What is the potential future growth with and without Bitcoin? And does the market believe it, or for that matter care?\nIf the Bitcoin fades from relevancy, and judging by Google Trends, it is more likely than it is not, it is not outlandish to assume that SQ will suffer as a result of this and over the 2H 2021 and take a substantial hit to revenue estimates. However, if Bitcoin adoption increases and negative news fades, since this is a growth company, it could simply continue rallying.\nFurther, consumer spending patterns are producing mixed data, and above I have presented a bear case. This could easily turn the other way if people's behavior changes, such as applying for jobs which will increase spending in the economy and hopefully produce small business growth and increase small business optimism and expansion, which is very beneficial for SQ as a cyclical business in the payment processing space.\nAgain, caution is necessary, though I do think that future growth of the company is priced in and there is a higher risk to holders of SQ to the downside than to the upside.\nSummary\nSQ is a high growth company with some potential positive points in the long run; however, its valuation is highly questionable due to its high revenue estimates predominantly derived from Bitcoin transactions and not bottom-line earnings growth.\nFrom a quantitative perspective, it looks good amongst its peers but upon further examination it appears to be extremely overvalued as future growth, at least for 2021, may be derived from Bitcoin. Further, its Cash App adoption statistics may not continue to see the same run rate going forward without continued government stimulus.\nAdditionally, it faces several potential macroeconomic hurdles with respect to small business exposure, lending competitors, consumer transaction competitors, Bitcoin legislation and softening retail demand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120311352,"gmtCreate":1624297909076,"gmtModify":1634008175256,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120311352","repostId":"1171968125","repostType":4,"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162366075,"gmtCreate":1624035109897,"gmtModify":1634023711861,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162366075","repostId":"1175119628","repostType":4,"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159796989,"gmtCreate":1624979130141,"gmtModify":1631893769772,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159796989","repostId":"1120857817","repostType":4,"repost":{"id":"1120857817","pubTimestamp":1624975854,"share":"https://www.laohu8.com/m/news/1120857817?lang=&edition=full","pubTime":"2021-06-29 22:10","market":"us","language":"en","title":"Google Pushes Deeper Into Telecom Industry With 5G Partnership","url":"https://stock-news.laohu8.com/highlight/detail?id=1120857817","media":"Bloomberg","summary":"Companies will offer time-critical, localized cloud services\nDeal shows how tech giant wants to grab","content":"<ul>\n <li>Companies will offer time-critical, localized cloud services</li>\n <li>Deal shows how tech giant wants to grab a slice of 5G market</li>\n</ul>\n<p>Google&nbsp;will bring its cloud services closer to customers using 5G wireless equipment built by&nbsp;Ericsson AB, stamping its mark on a business that was once the sole preserve of phone companies.</p>\n<p>The U.S. tech giant and the Swedish company struck a partnership to offer cloud computing for time-sensitive applications such as robotics and virtual reality that will only work when the digital signal travels over a short distance.</p>\n<p>Google and Ericsson have begun tests with Italy’s&nbsp;Telecom Italia SpA&nbsp;for the applications they plan to sell to companies, including transportation providers or carmakers, according to a statement on Tuesday. They’ll need eventually to collaborate with other phone companies as the cloud systems will feed into regional telecom networks.</p>\n<p>A cloud provider like Google “does not have to be a competitor to a communications service provider,” Google Cloud Chief Executive Officer Thomas Kurian said in an interview.</p>\n<p>Still, the deal shows Silicon Valley’s growing role in managing the networks that underpin the internet, not just the data that runs through them. It also underscores how a medley of businesses are jostling for slices of the nascent 5G wireless market, which could eventually be worth&nbsp;trillion&nbsp;sof dollars according to consultants at KPMG LLP.</p>\n<p>Over the past decade the U.S. tech giants have focused mostly on massive centralized data centers to provide less time-sensitive services like storage. These are too remote from customers to help in the next wave of so-called edge computing.</p>\n<p>The companies declined to put a value on the deal.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google Pushes Deeper Into Telecom Industry With 5G Partnership</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\">\nGoogle Pushes Deeper Into Telecom Industry With 5G Partnership\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-29/google-pushes-deeper-into-telecom-industry-with-5g-partnership?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Companies will offer time-critical, localized cloud services\nDeal shows how tech giant wants to grab a slice of 5G market\n\nGoogle will bring its cloud services closer to customers using 5G wireless ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-29/google-pushes-deeper-into-telecom-industry-with-5g-partnership?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-29/google-pushes-deeper-into-telecom-industry-with-5g-partnership?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120857817","content_text":"Companies will offer time-critical, localized cloud services\nDeal shows how tech giant wants to grab a slice of 5G market\n\nGoogle will bring its cloud services closer to customers using 5G wireless equipment built by Ericsson AB, stamping its mark on a business that was once the sole preserve of phone companies.\nThe U.S. tech giant and the Swedish company struck a partnership to offer cloud computing for time-sensitive applications such as robotics and virtual reality that will only work when the digital signal travels over a short distance.\nGoogle and Ericsson have begun tests with Italy’s Telecom Italia SpA for the applications they plan to sell to companies, including transportation providers or carmakers, according to a statement on Tuesday. They’ll need eventually to collaborate with other phone companies as the cloud systems will feed into regional telecom networks.\nA cloud provider like Google “does not have to be a competitor to a communications service provider,” Google Cloud Chief Executive Officer Thomas Kurian said in an interview.\nStill, the deal shows Silicon Valley’s growing role in managing the networks that underpin the internet, not just the data that runs through them. It also underscores how a medley of businesses are jostling for slices of the nascent 5G wireless market, which could eventually be worth trillion sof dollars according to consultants at KPMG LLP.\nOver the past decade the U.S. tech giants have focused mostly on massive centralized data centers to provide less time-sensitive services like storage. These are too remote from customers to help in the next wave of so-called edge computing.\nThe companies declined to put a value on the deal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159791161,"gmtCreate":1624979092053,"gmtModify":1631893769795,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159791161","repostId":"2147802868","repostType":4,"repost":{"id":"2147802868","pubTimestamp":1624976437,"share":"https://www.laohu8.com/m/news/2147802868?lang=&edition=full","pubTime":"2021-06-29 22:20","market":"us","language":"en","title":"Dump FAANG and Buy These 3 Cheaper Growth Stocks Instead","url":"https://stock-news.laohu8.com/highlight/detail?id=2147802868","media":"Motley Fool","summary":"These investments offer investors a good mix of value and growth.","content":"<p>Buying shares of top tech stocks <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b>, <b>Apple</b>, <b>Amazon</b>, <b>Netflix</b>, and <b>Alphabet</b> (Google) -- otherwise known as FAANG -- would have earned great returns in the past. But now, with their valuations creeping up and the cheapest of those stocks (Apple and Facebook) trading at a forward price-to-earnings (P/E) multiple of more than 26, they aren't as promising when compared to other growth stocks.</p>\n<p>If you are looking to make the most of your investment dollars, you should consider buying shares of <b>Pfizer </b>(NYSE:PFE), <b>Oracle </b>(NYSE:ORCL), and <b>UPS </b>(NYSE:UPS) instead of FAANG. They have strong, growing businesses and they are much cheaper buys.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d09d93a3202374ea6de8f4a93b9ae1a2\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. Pfizer</h2>\n<p>Healthcare giant Pfizer is trading at just 10 times its future earnings. The company has lately become smaller but more growth-oriented after the November 2020 spinoff of its Upjohn business with <b>Mylan</b> to form what is now <b>Viatris</b>. That said, Upjohn wasn't a significant growth driver for Pfizer. In the most recent full quarter during which it was part of Pfizer's business, for the period ending Sept. 27, its quarterly revenue of $1.9 billion was down 19% year over year. By comparison, its biopharmaceutical segment, which will remain part of its operations, generated over $10 billion in sales and was up 3% from the prior-year period.</p>\n<p>And thanks to its COVID-19 vaccine, Pfizer is on track for a stellar year. The company projects that it will generate $26 billion in sales from its vaccine this year, and its top line should come in between $70.5 billion and $72.5 billion. In 2020, its sales were just under $42 billion.</p>\n<p>While investors may be concerned that vaccine sales will be short-lived, the World Health Organization believes people may require booster shots on an annual basis -- especially the most vulnerable. And to make that even easier, Pfizer is also working on an oral drug for COVID-19 that people can take at home. If all goes well in trials, it could be ready before the end of this year.</p>\n<p>Between the strong vaccine sales and Pfizer focusing on developing new drugs and being a leaner organization, the company has become a much more attractive growth stock, and it is a bargain compared to what you would be getting by investing in FAANG.</p>\n<h2>2. Oracle</h2>\n<p>Not all tech stocks are overpriced, and Oracle is a great example of that. At a forward P/E of 17, it's pricier than Pfizer but still a cheaper buy than any of the FAANG stocks. The company offers businesses an array of cloud-based computing solutions, including networking, analytics, storage, and application development.</p>\n<p>When Oracle released its fourth-quarter earnings June 15, both its sales and profits came in above analyst expectations. Revenue of more than $11 billion for the period ending May 31 grew by 8% year over year, while profits totaling $4 billion were up 29%. CEO Safra Catz is bullish on the future of the cloud business, saying that the company is going to double its capital spend on the cloud to nearly $4 billion in the new fiscal year.</p>\n<p>The tech company has enjoyed strong profits with net margins of at least 25% in each of the past three fiscal years. And by making bigger investments in the cloud and looking for ways to add value for businesses that are utilizing more resources online, Oracle could be heading for some terrific growth opportunities. Its modest price tag makes it an even better buy.</p>\n<h2>3. UPS</h2>\n<p>Investing in logistics is another great move if you are seeking out growth. Amid the pandemic, people have been buying more goods online as many stores were closed for in-person shopping. And some of those habits and conveniences are going to be tough to break post-pandemic, especially when a company like Amazon makes it all too easy to order something with just the click of a button. Whether it is Amazon, <b>Etsy</b>, or some other portal, the growth in online shopping and logistics is promising -- estimates from Grand View Research have the third-party logistics market growing at a compound annual rate of 8.5% from now until 2028, when it will reach a value of nearly $1.7 trillion.</p>\n<p>Things have already been off to a great start in 2021, with UPS's revenue of $23 billion for the first three months of this year up an impressive 27% over the same period in 2020. Its operating profit of $2.8 billion was more than double the $1.1 billion it posted a year ago. By 2023, the company projects that it could top $100 billion in revenue. That would be about 18% higher than the $85 billion in sales it posted for 2020.</p>\n<p>UPS trades at a forward P/E of just under 19, making it the priciest stock on this list but still cheaper than investors are paying for FAANG stocks today. With some solid long-term growth ahead, it's still not too late to invest in UPS and take advantage of some strong growth prospects in the logistics industry.</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>Dump FAANG and Buy These 3 Cheaper Growth Stocks Instead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDump FAANG and Buy These 3 Cheaper Growth Stocks Instead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/29/dump-faang-and-buy-these-3-cheaper-growth-stocks-i/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Buying shares of top tech stocks Facebook, Apple, Amazon, Netflix, and Alphabet (Google) -- otherwise known as FAANG -- would have earned great returns in the past. But now, with their valuations ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/29/dump-faang-and-buy-these-3-cheaper-growth-stocks-i/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","UPS":"联合包裹","ORCL":"甲骨文"},"source_url":"https://www.fool.com/investing/2021/06/29/dump-faang-and-buy-these-3-cheaper-growth-stocks-i/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147802868","content_text":"Buying shares of top tech stocks Facebook, Apple, Amazon, Netflix, and Alphabet (Google) -- otherwise known as FAANG -- would have earned great returns in the past. But now, with their valuations creeping up and the cheapest of those stocks (Apple and Facebook) trading at a forward price-to-earnings (P/E) multiple of more than 26, they aren't as promising when compared to other growth stocks.\nIf you are looking to make the most of your investment dollars, you should consider buying shares of Pfizer (NYSE:PFE), Oracle (NYSE:ORCL), and UPS (NYSE:UPS) instead of FAANG. They have strong, growing businesses and they are much cheaper buys.\nImage source: Getty Images.\n1. Pfizer\nHealthcare giant Pfizer is trading at just 10 times its future earnings. The company has lately become smaller but more growth-oriented after the November 2020 spinoff of its Upjohn business with Mylan to form what is now Viatris. That said, Upjohn wasn't a significant growth driver for Pfizer. In the most recent full quarter during which it was part of Pfizer's business, for the period ending Sept. 27, its quarterly revenue of $1.9 billion was down 19% year over year. By comparison, its biopharmaceutical segment, which will remain part of its operations, generated over $10 billion in sales and was up 3% from the prior-year period.\nAnd thanks to its COVID-19 vaccine, Pfizer is on track for a stellar year. The company projects that it will generate $26 billion in sales from its vaccine this year, and its top line should come in between $70.5 billion and $72.5 billion. In 2020, its sales were just under $42 billion.\nWhile investors may be concerned that vaccine sales will be short-lived, the World Health Organization believes people may require booster shots on an annual basis -- especially the most vulnerable. And to make that even easier, Pfizer is also working on an oral drug for COVID-19 that people can take at home. If all goes well in trials, it could be ready before the end of this year.\nBetween the strong vaccine sales and Pfizer focusing on developing new drugs and being a leaner organization, the company has become a much more attractive growth stock, and it is a bargain compared to what you would be getting by investing in FAANG.\n2. Oracle\nNot all tech stocks are overpriced, and Oracle is a great example of that. At a forward P/E of 17, it's pricier than Pfizer but still a cheaper buy than any of the FAANG stocks. The company offers businesses an array of cloud-based computing solutions, including networking, analytics, storage, and application development.\nWhen Oracle released its fourth-quarter earnings June 15, both its sales and profits came in above analyst expectations. Revenue of more than $11 billion for the period ending May 31 grew by 8% year over year, while profits totaling $4 billion were up 29%. CEO Safra Catz is bullish on the future of the cloud business, saying that the company is going to double its capital spend on the cloud to nearly $4 billion in the new fiscal year.\nThe tech company has enjoyed strong profits with net margins of at least 25% in each of the past three fiscal years. And by making bigger investments in the cloud and looking for ways to add value for businesses that are utilizing more resources online, Oracle could be heading for some terrific growth opportunities. Its modest price tag makes it an even better buy.\n3. UPS\nInvesting in logistics is another great move if you are seeking out growth. Amid the pandemic, people have been buying more goods online as many stores were closed for in-person shopping. And some of those habits and conveniences are going to be tough to break post-pandemic, especially when a company like Amazon makes it all too easy to order something with just the click of a button. Whether it is Amazon, Etsy, or some other portal, the growth in online shopping and logistics is promising -- estimates from Grand View Research have the third-party logistics market growing at a compound annual rate of 8.5% from now until 2028, when it will reach a value of nearly $1.7 trillion.\nThings have already been off to a great start in 2021, with UPS's revenue of $23 billion for the first three months of this year up an impressive 27% over the same period in 2020. Its operating profit of $2.8 billion was more than double the $1.1 billion it posted a year ago. By 2023, the company projects that it could top $100 billion in revenue. That would be about 18% higher than the $85 billion in sales it posted for 2020.\nUPS trades at a forward P/E of just under 19, making it the priciest stock on this list but still cheaper than investors are paying for FAANG stocks today. With some solid long-term growth ahead, it's still not too late to invest in UPS and take advantage of some strong growth prospects in the logistics industry.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159793484,"gmtCreate":1624979074448,"gmtModify":1631893769822,"author":{"id":"3584113974577140","authorId":"3584113974577140","name":"Gusto","avatar":"https://static.tigerbbs.com/f945ad8f12556183a343423acaa63319","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584113974577140","authorIdStr":"3584113974577140"},"themes":[],"htmlText":"Awesome","listText":"Awesome","text":"Awesome","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/159793484","repostId":"1165468426","repostType":4,"repost":{"id":"1165468426","pubTimestamp":1624976964,"share":"https://www.laohu8.com/m/news/1165468426?lang=&edition=full","pubTime":"2021-06-29 22:29","market":"us","language":"en","title":"Facebook Could Be A $500 Stock After Court Tosses FTC Case","url":"https://stock-news.laohu8.com/highlight/detail?id=1165468426","media":"seekingalpha","summary":"Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits","content":"<p><b>Summary</b></p>\n<ul>\n <li>Wins in court against the FTC and States clear up regulatory headwinds.</li>\n <li>Substantial profits will grow throughout the year.</li>\n <li>Facebook may not have much to fear from future regulation either.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e924941f95567d72af0984753c0d9302\" tg-width=\"1536\" tg-height=\"1024\"><span>naruecha jenthaisong/Moment via Getty Images</span></p>\n<p>I started analyzing Facebook (FB) last week and I was surprised how bullish my conclusions were about the company's prospects. With yesterday's wins in federal court, some potential headwinds around litigation are clearing up. I'm now quite bullish on the stock and I think the stock price could be over $500/share by the end of the year.</p>\n<p><b>Facebook scores two wins in court</b></p>\n<p>Facebook scored a significant legal and regulatory victory yesterday with wins in two cases in which they were sued by the Federal Trade Commission (FTC) and a number of states. Not only are they near-term wins for the company, and but also for reasons I'll discuss in the next section I think they also bode well for the company's future regulatory prospects.</p>\n<p>In the first case, the Federal Trade Commission (\"FTC\") claimed Facebook had gained monopoly power first through its acquisitions of Instagram and WhatsApp and second through making them inoperable with other platforms. The FTC sued for an injunction that would force Facebook to reverse or unwind the acquisitions and make them open their platform to other programs.</p>\n<p>The court held for Facebook and against the Federal Trade Commission(\"FTC\") on two important items and against Facebook on one. First, the court held that the FTC did not show that Facebook had monopoly power in the field of personal social networking by showing that it had more than 60% market share in that field. Second, the court found the FTC waited too long to seek an injunction against the company. But third, the Court thought it might be possible for the FTC to replead its case seeking an injunction against Facebook for anti-competitive conduct under a different legal standard (see pages 50-53).</p>\n<p>In the second case,the court held even more strongly in favor of Facebook&nbsp;and dismissed the states' claims. The states also sued claiming that Facebook was using monopoly power to keep competitors out and that acquiring Instagram and WhatsApp created a monopoly. The court dismissed both claims saying that first, the states had waited too long to bring their suits and that second, there was nothing illegal under current law to require Facebook to make its services interoperable.</p>\n<p>Legally, we can expect a few things. First the states will probably appeal the dismissal of their suit. I don't see this as a big issue. Parties lose lawsuits all the time and they appeal all the time without changing the result. What happens to the FTC suit is much more interesting.</p>\n<p>As noted above, while the judge dismissed the states' case, he kept the FTC case open and only dismissed their complaint (the active piece of paper in the lawsuit). He basically invited them to re-file the case under the different law he cited. The FTC has a few strategic choices to make at this point. First, they can appeal the decision to a higher court. Second, they can re-plead the case in the way the judge left open for them. Third, they can start to look for another option to regulate the company (such as passing another law or creating an administrative rule). Fourth, they can start negotiating with Facebook. I surmise they'll work on each of the above.</p>\n<p>Normally, losing a case has an impact on what I would call the \"atmosphere\" or \"momentum\" around an issue above and beyond the impact of this ruling in particular. So in most cases I would expect a federal agency to feel somewhat embarrassed or humbled and that could have an effect on their decision-making going forward. In this case, with a clear opening to re-plead the case and start over, they may not be as \"gun shy\" as one might expect.</p>\n<p>To the third point,there are already a number of members of Congress who wanted to regulate tech companies such as Facebook, and a number of them arereacting to the court decisionsaying that it shows the need for new legislation. The Biden administration'snew FTC chairwoman Lina Khan has a reputation as a tech critic, but I haven't found anything about a plan of hers to regulate Facebook. So all-in-all, there is certainly some desire for a change in law but I can't see anything in the works that could be put into place in the very near term.</p>\n<p>Fourth, litigants are always negotiating and it's entirely possible that Facebook has offered some kind of concessions already that we don't know about. I don't see that as a likely outcome here.</p>\n<p><b>Future Regulation Shouldn't Worry Facebook</b></p>\n<p>Based on experience watching regulations change in Washington and my reading of the political tea leaves, I want to explain why I'm not concerned that regulation will hamper Facebook's business prospects.</p>\n<p>First and foremost, while most people think of regulation as a system for the government to keep companies from doing things the companies want to do, it's just as true that regulation carves out a space for companies to do lots of other things without fear of adverse legal consequences. Moreover, the regulations can often entrench incumbents by making compliance too expensive or burdensome for new competitors. This was probably the case with thewell-publicized FTC settlement with Herbalife(HLF) whose share price has basically doubled since its settlement five years ago:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ae2b9ff7e9edb953d2fae3807d1815a\" tg-width=\"640\" tg-height=\"409\"><span>Source: Seeking Alpha</span></p>\n<p>Regulation building a moat to keep out competitors and ensure profits is also probably a good description of what's happened to tobacco companies such as Philip Morris (PM) and Altria (MO). What would it take for someone to start a new cigarette company? Doesn't seem likely to happen anytime soon. A third reason regulation often doesn't end up hurting profits is the phenomenon ofregulatory capturein which the regulator ends up in effect working for the company! So all this is to say that even if regulation is coming, it may not necessarily be all that bad.</p>\n<p>Second, one of the most likely outcomes sought in litigation is divestiture or interoperability of Instagram and WhatsApp - and that may be fine for Facebook. I use WhatsApp every day (it's much more popular outside the US), and I also have other competing programs such as Telegram and Viber on my phone. The other two services seem fine, but no one I know uses them on a regular basis. Moreover, no one I know who uses WhatsApp does so because of a link to Facebook right now. (Facebook would like to link them through Messenger, though). It's possible that WhatsApp has already won the competition by being first, better capitalized or executing better. So WhatsApp spinning off from Facebook just might not make a difference to the businesses. If Facebook is forced to make its service interoperable, they might still be able to charge other companies a fee for using their assets and this really might not be a bad business move. I'm less familiar with Instagram and its competitors such as Snapchat (SNAP), but I think a similar conclusion is likely.</p>\n<p>Third, even though there are good reasons to regulate Facebook around concerns about itseffects on users' mental health,political extremismandmonopoly poweramong other things, I just don't see much happening because of how politics works. (For an interesting views on Facebook and its effects on users and society, seeZucked by Roger McNamee). Politics normally ends up serving the interests of the wealthy and powerful, and Facebook, its executives and shareholders are now wealthy and powerful. Facebook has proven effective inlobbying and managing government relations, and it is increasing its focus on these. Facebook may also have powerful allies in Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and other tech companies which could be wary of further regulations. Right now, a number of the most powerful people in Congress such as Speaker of the House Nancy Pelosi basically represent Silicon Valley which bodes well for Facebook's interests. Even in the event that Republicans take over one or both houses of Congress in the midterms, I don't believe that the recent trend of \"populism\" among many Republicans will overcome the party's core resistance to regulation and support for corporate America.</p>\n<p>So if I had to make a prediction, it would be that Facebook ends up making some kind of concessions that don't affect operations or profitability but allow politicians and regulators to claim that they've accomplished something. This has the added benefit for Facebook of making it less likely that further reform might come in the future.</p>\n<p><b>Facebook's Recent Earnings are great</b></p>\n<p>Even in the Covid-19 effected year of 2020, Facebook's numbers are outstanding and in the most recent quarter they're even stronger. As you can see from this summary of results included in the company's Form 10-K for 2020, earnings and margins are strong and growing:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f921d22e5694000a51c60e069de30b52\" tg-width=\"640\" tg-height=\"304\"><span>Source: Facebook</span></p>\n<p>Revenue grew by almost $15 billion in each of the previous 4 years, and net income climbed higher and higher for every year except 2019, when its move to $29 billion in 2020 made up for what it lost the year before.</p>\n<p>If all we had to go on were these backwards looking numbers, I would estimate the \"back of the envelope\" value this company by taking multiplying the most recent earnings of $29 billion by 33 for $957 billion and adding excess cash of $62 billion for a&nbsp;<b>market capitalization of $1,019 billion $359/share</b>. Likewise, I would say that valuing it at only 25x last year's earnings plus excess cash yields a valuation of $787 billion, would mean the company was undervalued at a price $277/share. But for the reasons I'll set out below, I think these numbers are too low.</p>\n<p><b>Estimating this year's earning - much, much higher</b></p>\n<p>In the first quarter of 2021, Facebook earned almost $9.5 billion as you can see from this income statement in the most recent Form 10-Q:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3db9a4108a92e18a59dbb1923cd9c903\" tg-width=\"640\" tg-height=\"174\"><span>Source: Facebook</span></p>\n<p>It's clear that the first quarter of 2020 had a dramatic reduction in business activity from Covid-19. It would be tough to say how much that effected customers in the first quarter of last year, making a direct comparison very difficult. In order to get a good guess what the strong first quarter means for Facebook, I want to compare the company's user statistics to quarterly profits and make some educated guesses.</p>\n<p>Facebook's earnings presentations give us a description of the monthly active users of all the company's products broken down by quarter:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e25d73bdd71d2f841ab92917e27cee44\" tg-width=\"640\" tg-height=\"429\"><span>Source: Facebook</span></p>\n<p>As well as revenue:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79d68ef6536f200bbffa310ad257a3ed\" tg-width=\"640\" tg-height=\"430\"><span>Source: Facebook</span></p>\n<p>and net income:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d7d23e558cff9eb15938c953982d5795\" tg-width=\"640\" tg-height=\"381\"><span>Source: Facebook</span></p>\n<p>Looking over these three charts we see that even though monthly average users grow consistently, there is some seasonality to the revenue and earnings.</p>\n<p>I've made my own spreadsheet of this information:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd491880ca77778e76d41d367223b669\" tg-width=\"640\" tg-height=\"151\"><span>Source: Author</span></p>\n<p>In light of those numbers showing:</p>\n<p>(1) MAU grows every quarter, but</p>\n<p>(2) Revenue and Net Income change with the seasons,</p>\n<p>I'm willing to make some rough guesses about the rest of this year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c413f3304ab59e2ca2b56822ee4465c\" tg-width=\"640\" tg-height=\"114\"><span>Source: Author</span></p>\n<p>To arrive at these estimate, I kept user growth constant and multiplied revenue by 1.44, 1.4 and 1.3 over its prior year. That's a guess, but I think that having been transparent about how I made my estimates, you can adjust that number up or down as you think best. To arrive at net income, I kept the net income/revenue ratio the same as it had been in the same quarter of the prior year. This captures some of the operating leverage and increasing returns to scale inherent in Facebook's business model.</p>\n<p>I estimated that the company would $9.5 plus $7.2 plus $11 plus $14.5 billion of net income this year, for a total of $42.2 billion. That's quite an improvement over last year's $29 billion!</p>\n<p>If these estimates are reasonable and we assume the company increases cash on the balance sheet to $75 billion, at the not-too-optimistic multiple of 25x earnings for a growing company and including the excess cash, that means Facebook stock could be meaningfully&nbsp;<b>undervalued at a market cap of $1,130 billion or $398/share</b>. Because of the growth we see, I really don't think it's unreasonable to arrive at&nbsp;<b>fair value with a 33x multiple on the stock for $1,461 billion or $526/share</b>.</p>\n<p><b>Global Growth and New Products add upside</b></p>\n<p>The estimates I used in the section above may be too low for two reasons. First, they're not accounting for the increasing returns on Facebook's growth outside the US. Facebook's growth inemerging markets such as Indiais extremely valuable because they have both a long runway for adding users, and the users themselves can be expected to become more profitable as GDP and consumption increase over time at rates faster than those in developed markets.</p>\n<p>Facebook is alsoexpanding rapidly into virtual reality. I don't have any way of estimating how big or how profitable this segment will be, but it's not unreasonable to think they'll have a lead in gaming and social segments and widespread adoption could lead to new kinds of unanticipated uses. For the last several years, spending on research and development has served to push the company's earnings down somewhat, but once they release a commercial product, we could begin to see the fruits of their labor.</p>\n<p><b>Conclusion</b></p>\n<p>With legal and regulatory challenges seeming less difficult and growing profitability, I am quite bullish on shares of Facebook. As always, a number of things could go wrong. If a new political environment becomes much more hostile to \"Big Tech\" or we see the emergence of a social movement to drop Facebook (I've tried to leave a few times myself!) that would depress earnings and change my thesis. At these prices and with this much growth on the horizon, I'm not concerned about those risks. As they say, \"we like the stock.\"</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>Facebook Could Be A $500 Stock After Court Tosses FTC Case</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Could Be A $500 Stock After Court Tosses FTC Case\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 22:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits will grow throughout the year.\nFacebook may not have much to fear from future regulation either.\n\n...</p>\n\n<a href=\"https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4437058-facebook-500-stock-court-tosses-ftc-case","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165468426","content_text":"Summary\n\nWins in court against the FTC and States clear up regulatory headwinds.\nSubstantial profits will grow throughout the year.\nFacebook may not have much to fear from future regulation either.\n\nnaruecha jenthaisong/Moment via Getty Images\nI started analyzing Facebook (FB) last week and I was surprised how bullish my conclusions were about the company's prospects. With yesterday's wins in federal court, some potential headwinds around litigation are clearing up. I'm now quite bullish on the stock and I think the stock price could be over $500/share by the end of the year.\nFacebook scores two wins in court\nFacebook scored a significant legal and regulatory victory yesterday with wins in two cases in which they were sued by the Federal Trade Commission (FTC) and a number of states. Not only are they near-term wins for the company, and but also for reasons I'll discuss in the next section I think they also bode well for the company's future regulatory prospects.\nIn the first case, the Federal Trade Commission (\"FTC\") claimed Facebook had gained monopoly power first through its acquisitions of Instagram and WhatsApp and second through making them inoperable with other platforms. The FTC sued for an injunction that would force Facebook to reverse or unwind the acquisitions and make them open their platform to other programs.\nThe court held for Facebook and against the Federal Trade Commission(\"FTC\") on two important items and against Facebook on one. First, the court held that the FTC did not show that Facebook had monopoly power in the field of personal social networking by showing that it had more than 60% market share in that field. Second, the court found the FTC waited too long to seek an injunction against the company. But third, the Court thought it might be possible for the FTC to replead its case seeking an injunction against Facebook for anti-competitive conduct under a different legal standard (see pages 50-53).\nIn the second case,the court held even more strongly in favor of Facebook and dismissed the states' claims. The states also sued claiming that Facebook was using monopoly power to keep competitors out and that acquiring Instagram and WhatsApp created a monopoly. The court dismissed both claims saying that first, the states had waited too long to bring their suits and that second, there was nothing illegal under current law to require Facebook to make its services interoperable.\nLegally, we can expect a few things. First the states will probably appeal the dismissal of their suit. I don't see this as a big issue. Parties lose lawsuits all the time and they appeal all the time without changing the result. What happens to the FTC suit is much more interesting.\nAs noted above, while the judge dismissed the states' case, he kept the FTC case open and only dismissed their complaint (the active piece of paper in the lawsuit). He basically invited them to re-file the case under the different law he cited. The FTC has a few strategic choices to make at this point. First, they can appeal the decision to a higher court. Second, they can re-plead the case in the way the judge left open for them. Third, they can start to look for another option to regulate the company (such as passing another law or creating an administrative rule). Fourth, they can start negotiating with Facebook. I surmise they'll work on each of the above.\nNormally, losing a case has an impact on what I would call the \"atmosphere\" or \"momentum\" around an issue above and beyond the impact of this ruling in particular. So in most cases I would expect a federal agency to feel somewhat embarrassed or humbled and that could have an effect on their decision-making going forward. In this case, with a clear opening to re-plead the case and start over, they may not be as \"gun shy\" as one might expect.\nTo the third point,there are already a number of members of Congress who wanted to regulate tech companies such as Facebook, and a number of them arereacting to the court decisionsaying that it shows the need for new legislation. The Biden administration'snew FTC chairwoman Lina Khan has a reputation as a tech critic, but I haven't found anything about a plan of hers to regulate Facebook. So all-in-all, there is certainly some desire for a change in law but I can't see anything in the works that could be put into place in the very near term.\nFourth, litigants are always negotiating and it's entirely possible that Facebook has offered some kind of concessions already that we don't know about. I don't see that as a likely outcome here.\nFuture Regulation Shouldn't Worry Facebook\nBased on experience watching regulations change in Washington and my reading of the political tea leaves, I want to explain why I'm not concerned that regulation will hamper Facebook's business prospects.\nFirst and foremost, while most people think of regulation as a system for the government to keep companies from doing things the companies want to do, it's just as true that regulation carves out a space for companies to do lots of other things without fear of adverse legal consequences. Moreover, the regulations can often entrench incumbents by making compliance too expensive or burdensome for new competitors. This was probably the case with thewell-publicized FTC settlement with Herbalife(HLF) whose share price has basically doubled since its settlement five years ago:\nSource: Seeking Alpha\nRegulation building a moat to keep out competitors and ensure profits is also probably a good description of what's happened to tobacco companies such as Philip Morris (PM) and Altria (MO). What would it take for someone to start a new cigarette company? Doesn't seem likely to happen anytime soon. A third reason regulation often doesn't end up hurting profits is the phenomenon ofregulatory capturein which the regulator ends up in effect working for the company! So all this is to say that even if regulation is coming, it may not necessarily be all that bad.\nSecond, one of the most likely outcomes sought in litigation is divestiture or interoperability of Instagram and WhatsApp - and that may be fine for Facebook. I use WhatsApp every day (it's much more popular outside the US), and I also have other competing programs such as Telegram and Viber on my phone. The other two services seem fine, but no one I know uses them on a regular basis. Moreover, no one I know who uses WhatsApp does so because of a link to Facebook right now. (Facebook would like to link them through Messenger, though). It's possible that WhatsApp has already won the competition by being first, better capitalized or executing better. So WhatsApp spinning off from Facebook just might not make a difference to the businesses. If Facebook is forced to make its service interoperable, they might still be able to charge other companies a fee for using their assets and this really might not be a bad business move. I'm less familiar with Instagram and its competitors such as Snapchat (SNAP), but I think a similar conclusion is likely.\nThird, even though there are good reasons to regulate Facebook around concerns about itseffects on users' mental health,political extremismandmonopoly poweramong other things, I just don't see much happening because of how politics works. (For an interesting views on Facebook and its effects on users and society, seeZucked by Roger McNamee). Politics normally ends up serving the interests of the wealthy and powerful, and Facebook, its executives and shareholders are now wealthy and powerful. Facebook has proven effective inlobbying and managing government relations, and it is increasing its focus on these. Facebook may also have powerful allies in Amazon (AMZN), Apple (AAPL), Microsoft (MSFT) and other tech companies which could be wary of further regulations. Right now, a number of the most powerful people in Congress such as Speaker of the House Nancy Pelosi basically represent Silicon Valley which bodes well for Facebook's interests. Even in the event that Republicans take over one or both houses of Congress in the midterms, I don't believe that the recent trend of \"populism\" among many Republicans will overcome the party's core resistance to regulation and support for corporate America.\nSo if I had to make a prediction, it would be that Facebook ends up making some kind of concessions that don't affect operations or profitability but allow politicians and regulators to claim that they've accomplished something. This has the added benefit for Facebook of making it less likely that further reform might come in the future.\nFacebook's Recent Earnings are great\nEven in the Covid-19 effected year of 2020, Facebook's numbers are outstanding and in the most recent quarter they're even stronger. As you can see from this summary of results included in the company's Form 10-K for 2020, earnings and margins are strong and growing:\nSource: Facebook\nRevenue grew by almost $15 billion in each of the previous 4 years, and net income climbed higher and higher for every year except 2019, when its move to $29 billion in 2020 made up for what it lost the year before.\nIf all we had to go on were these backwards looking numbers, I would estimate the \"back of the envelope\" value this company by taking multiplying the most recent earnings of $29 billion by 33 for $957 billion and adding excess cash of $62 billion for a market capitalization of $1,019 billion $359/share. Likewise, I would say that valuing it at only 25x last year's earnings plus excess cash yields a valuation of $787 billion, would mean the company was undervalued at a price $277/share. But for the reasons I'll set out below, I think these numbers are too low.\nEstimating this year's earning - much, much higher\nIn the first quarter of 2021, Facebook earned almost $9.5 billion as you can see from this income statement in the most recent Form 10-Q:\nSource: Facebook\nIt's clear that the first quarter of 2020 had a dramatic reduction in business activity from Covid-19. It would be tough to say how much that effected customers in the first quarter of last year, making a direct comparison very difficult. In order to get a good guess what the strong first quarter means for Facebook, I want to compare the company's user statistics to quarterly profits and make some educated guesses.\nFacebook's earnings presentations give us a description of the monthly active users of all the company's products broken down by quarter:\nSource: Facebook\nAs well as revenue:\nSource: Facebook\nand net income:\nSource: Facebook\nLooking over these three charts we see that even though monthly average users grow consistently, there is some seasonality to the revenue and earnings.\nI've made my own spreadsheet of this information:\nSource: Author\nIn light of those numbers showing:\n(1) MAU grows every quarter, but\n(2) Revenue and Net Income change with the seasons,\nI'm willing to make some rough guesses about the rest of this year:\nSource: Author\nTo arrive at these estimate, I kept user growth constant and multiplied revenue by 1.44, 1.4 and 1.3 over its prior year. That's a guess, but I think that having been transparent about how I made my estimates, you can adjust that number up or down as you think best. To arrive at net income, I kept the net income/revenue ratio the same as it had been in the same quarter of the prior year. This captures some of the operating leverage and increasing returns to scale inherent in Facebook's business model.\nI estimated that the company would $9.5 plus $7.2 plus $11 plus $14.5 billion of net income this year, for a total of $42.2 billion. That's quite an improvement over last year's $29 billion!\nIf these estimates are reasonable and we assume the company increases cash on the balance sheet to $75 billion, at the not-too-optimistic multiple of 25x earnings for a growing company and including the excess cash, that means Facebook stock could be meaningfully undervalued at a market cap of $1,130 billion or $398/share. Because of the growth we see, I really don't think it's unreasonable to arrive at fair value with a 33x multiple on the stock for $1,461 billion or $526/share.\nGlobal Growth and New Products add upside\nThe estimates I used in the section above may be too low for two reasons. First, they're not accounting for the increasing returns on Facebook's growth outside the US. Facebook's growth inemerging markets such as Indiais extremely valuable because they have both a long runway for adding users, and the users themselves can be expected to become more profitable as GDP and consumption increase over time at rates faster than those in developed markets.\nFacebook is alsoexpanding rapidly into virtual reality. I don't have any way of estimating how big or how profitable this segment will be, but it's not unreasonable to think they'll have a lead in gaming and social segments and widespread adoption could lead to new kinds of unanticipated uses. For the last several years, spending on research and development has served to push the company's earnings down somewhat, but once they release a commercial product, we could begin to see the fruits of their labor.\nConclusion\nWith legal and regulatory challenges seeming less difficult and growing profitability, I am quite bullish on shares of Facebook. As always, a number of things could go wrong. If a new political environment becomes much more hostile to \"Big Tech\" or we see the emergence of a social movement to drop Facebook (I've tried to leave a few times myself!) that would depress earnings and change my thesis. At these prices and with this much growth on the horizon, I'm not concerned about those risks. As they say, \"we like the stock.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}