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19:14","market":"us","language":"en","title":"Why Apple Can Create More Value Than Expected?","url":"https://stock-news.laohu8.com/highlight/detail?id=2213984922","media":"Simply Wall St.","summary":"Apple (AAPL) is the US$2.7 trillion market company that has been continuously performing, and has de","content":"<html><head></head><body><p><b>Apple</b> (AAPL) is the US$2.7 trillion market company that has been continuously performing, and has delivered a 390% return over the last five years. <b>What is it, that makes the company so valuable to investors?</b> In this article, we will analyze the <b>fundamental contributing factors</b> to the company's performance.</p><p>There are a few main factors that make a company valuable, which ultimately <b>result in high positive future cash flows</b>. These factors can be summed up as:</p><ul><li><i>Growth</i></li><li><i>Returns on capital</i></li><li><i>Risk</i></li><li><i>Profitability</i></li></ul><p><i>Analysts focus on profits but buy the cash flows.</i></p><h3>Free Cash Flows</h3><p>For Apple, the cash flows are consistent, high, and growing.</p><p>In the chart below, we can see both past and future projected cash flows for the company. Considering that there are more than 30 analysts covering the stock, we can assume that the average estimates are of high quality.</p><p><img src=\"https://static.tigerbbs.com/0300d572a09cad6c70ecb4f367344b8c\" tg-width=\"839\" tg-height=\"462\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NasdaqGS:AAPL Financial Performance and Future Estimates, February 21st 2022</p><p>We can see that Apple's cash flows are in-line with profits, reliable and expected to hold or even increase in the future. Apple <b>made US$101.8b of free cash flows</b> in the last 12 months, and they are expected to increase to US$126.6b by Q3 2024.</p><h3>Reinvesting into the Business</h3><p>One of the reasons for this is that the company is continuously reinvesting in the business. Looking at the <b>cash from investing activities, Apple spent some US$22b on investments in the last 12 months. </b></p><p>However, Apple is a mix between a software and consumer electronics company, so there is a good argument to be made that part of the main assets the company has, are intangible and stem from their R&D expenses.</p><p>When we capitalize the last 5 years of R&D research, we get a value of the research asset of US$57b, of which, <b>a record US$23b were invested in the last 12 months</b>. Clearly, the company has some big plans in the future, and <b>the expected growth rates are backed by hard investments into the business.</b></p><p>We need to net out depreciation, add back change in working capital (cleanup) and the <b>result of both investments, is a total reinvestment of US$37b in the business!</b></p><p><i>Note, that instead of cash from investing activities, we can just use CapEx - Analysts may choose different approaches.</i></p><h3>Fundamental Growth and Returns</h3><p>There are multiple ways we can come up with expected growth rates.</p><p>Management has internal estimates that usually go forward a year. Analysts on average seem aligned with these estimates, partly because it is the easier route to take, but also because they have someone to blame if things don't go as planned. The problem with management guidance, is that it can be wrong in a critical moment, as management has an incentive to give the most plausible optimistic projection on the future.</p><p>Alternatively, <b>we can see what management invests and use the return of investment to calculate a growth in operating income. </b></p><p>To get that, we first need the returns.</p><h3>Return On Capital Employed (ROCE)</h3><p>For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Apple is:</p><p><b>Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)</b></p><p><b>0.50 = US$117b ÷ (US$381b - US$148b)</b> <i>(Based on the trailing twelve months to December 2021)</i>.</p><p>So, <b>Apple has an ROCE of 50%. </b> That's a fantastic return and not only that, it outpaces the average of 11% earned by companies in a similar industry.</p><p>The company has also surpassed past returns of 26%, which is a great sign for more value creation.</p><p><img src=\"https://static.tigerbbs.com/a1ad7c7b03a432b401b29383a9f0c7aa\" tg-width=\"333\" tg-height=\"316\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NasdaqGS:AAPL Return on Capital Employed February 21st 2022</p><p>Now that we have the return, what does it mean for future growth rates?</p><p>There are a few steps, but here is how it goes:</p><ul><li><i>First, we take what the company has reinvested in the business in the last 12 months.</i></li><li><i>For Apple, that is the </i><i><b>sum of capital investments + last year's R&D investments</b></i><i>, which, as we mentioned before, comes up to </i><i><b>US$37b</b></i><i>.</i></li><li><i>We use this number to get a reinvestment rate, by dividing it to net operating profit after tax (NOPAT), this yields a </i><i><b>reinvestment rate of 34%.</b></i></li><li><i>Finally, to get an expected growth in operating income (EBIT) we need to multiply the return on capital of 50% with the reinvestment rate of 34%.</i></li></ul><p>For Apple, the expected <b>fundamental growth in operating income is 34.14% * 50% = 17%</b></p><p>In terms of numbers, this means that we can expect next year's EBIT for Apple to be 117*(1+0.17) = US$137b on a fundamental basis!</p><h3>Risk and Creating Value</h3><p>While there are many ways we can measure risk (CAPM, Standard Deviation of stocks, Multifactor models, etc), the old and reliable approach is to measure risk through the eyes of the marginal investor. This means that <b>we align our view with how big price movers evaluate risk</b>.</p><p>For Apple, that can be either the cost of equity or the cost of capital.</p><p>The cost of equity is 6.7% and the cost of capital is closer to 7.3%.</p><p>The main difference between the 2 measures is that the cost of capital accounts for the US$123b of total debt in Apple.</p><p><i>Why is the cost of capital important?</i></p><p>In essence, this is what allows us to <b>evaluate how much value a company is creating</b>. By subtracting the cost from the return on capital (ROCE), we see that Apple is creating net positive value.</p><p><b>Excess Value = 50% - 7.3% = 42.7%</b></p><p>This is a staggering amount, especially when you consider that the company seems poised to keep growing its business.</p><h3>Capturing Value</h3><p>A company may create a lot of value, but only capture a very small portion of it. For example, we can argue that in the first decade of the 21century, <b>Microsoft </b>(NASDAQ:MSFT), revolutionized the world with its operating system and office suite. But, the technology was so widely available, that the company managed to capture only a small fraction of what it created.</p><p>While Apple is still a technology company, it has consolidated its business in a very efficient manner, creating almost a full closed ecosystem between the software, hardware and accessories. This allows the company to capture a higher portion of the value it creates, which we can measure on the margin.</p><p>While not a perfect measure, profitability margins show how much of the created value, a company is managing to capture.</p><p>The most relevant margins, are those that are closest to the cash flows attributed to investors, which is why we will look at EBIT, Net Income and Free Cash Flow margins.</p><p>In the last 12 months, Apple posted:</p><ul><li>30.9% EBIT Margin</li><li>26.6% Net Income Margin</li><li>26.9% Free Cash Flow Margin (to the firm / unlevered)</li></ul><p>As we can see, Apple is capturing more than 1/4 of the created value, and by looking at the past, we notice that these margins have been increasing.</p><p>This ultimately goes back either into the business as retained earnings or to shareholders via buybacks and dividends. It is quite amazing that a company of this size is as profitable and still very efficiently growing.</p><h3>Summary</h3><p>Apple, is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the flagship companies that have justifiably earned the trust of investors. The fundamentals indicate that the company will continue to grow, create value and be stable even in more turbulent markets.</p><p>Here is the rundown of the main fundamental factors for Apple:</p><ul><li><i>Implied Fundamental Growth in EBIT in the next 12 months: 17%, expected free cash flows US$126.6b by Q3 2024</i></li><li><i>Reinvestment into the business, US$37b ttm</i></li><li><i>Returns on capital 50% (ROCE) ttm</i></li><li><i>Risk as estimated by the cost of capital, 7.3%</i></li><li><i>Profitability: 30.9% EBIT ttm and 26.9% Free Cash Flow Margin ttm</i></li></ul></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Apple Can Create More Value Than Expected?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Apple Can Create More Value Than Expected?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-23 19:14 GMT+8 <a href=https://finance.yahoo.com/news/why-apple-nasdaq-aapl-create-213809543.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (AAPL) is the US$2.7 trillion market company that has been continuously performing, and has delivered a 390% return over the last five years. What is it, that makes the company so valuable to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-apple-nasdaq-aapl-create-213809543.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4515":"5G概念","AAPL":"苹果","BK4553":"喜马拉雅资本持仓","BK4532":"文艺复兴科技持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4501":"段永平概念","BK4559":"巴菲特持仓","BK4507":"流媒体概念","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4505":"高瓴资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4566":"资本集团","BK4554":"元宇宙及AR概念"},"source_url":"https://finance.yahoo.com/news/why-apple-nasdaq-aapl-create-213809543.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2213984922","content_text":"Apple (AAPL) is the US$2.7 trillion market company that has been continuously performing, and has delivered a 390% return over the last five years. What is it, that makes the company so valuable to investors? In this article, we will analyze the fundamental contributing factors to the company's performance.There are a few main factors that make a company valuable, which ultimately result in high positive future cash flows. These factors can be summed up as:GrowthReturns on capitalRiskProfitabilityAnalysts focus on profits but buy the cash flows.Free Cash FlowsFor Apple, the cash flows are consistent, high, and growing.In the chart below, we can see both past and future projected cash flows for the company. Considering that there are more than 30 analysts covering the stock, we can assume that the average estimates are of high quality.NasdaqGS:AAPL Financial Performance and Future Estimates, February 21st 2022We can see that Apple's cash flows are in-line with profits, reliable and expected to hold or even increase in the future. Apple made US$101.8b of free cash flows in the last 12 months, and they are expected to increase to US$126.6b by Q3 2024.Reinvesting into the BusinessOne of the reasons for this is that the company is continuously reinvesting in the business. Looking at the cash from investing activities, Apple spent some US$22b on investments in the last 12 months. However, Apple is a mix between a software and consumer electronics company, so there is a good argument to be made that part of the main assets the company has, are intangible and stem from their R&D expenses.When we capitalize the last 5 years of R&D research, we get a value of the research asset of US$57b, of which, a record US$23b were invested in the last 12 months. Clearly, the company has some big plans in the future, and the expected growth rates are backed by hard investments into the business.We need to net out depreciation, add back change in working capital (cleanup) and the result of both investments, is a total reinvestment of US$37b in the business!Note, that instead of cash from investing activities, we can just use CapEx - Analysts may choose different approaches.Fundamental Growth and ReturnsThere are multiple ways we can come up with expected growth rates.Management has internal estimates that usually go forward a year. Analysts on average seem aligned with these estimates, partly because it is the easier route to take, but also because they have someone to blame if things don't go as planned. The problem with management guidance, is that it can be wrong in a critical moment, as management has an incentive to give the most plausible optimistic projection on the future.Alternatively, we can see what management invests and use the return of investment to calculate a growth in operating income. To get that, we first need the returns.Return On Capital Employed (ROCE)For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Apple is:Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)0.50 = US$117b ÷ (US$381b - US$148b) (Based on the trailing twelve months to December 2021).So, Apple has an ROCE of 50%. That's a fantastic return and not only that, it outpaces the average of 11% earned by companies in a similar industry.The company has also surpassed past returns of 26%, which is a great sign for more value creation.NasdaqGS:AAPL Return on Capital Employed February 21st 2022Now that we have the return, what does it mean for future growth rates?There are a few steps, but here is how it goes:First, we take what the company has reinvested in the business in the last 12 months.For Apple, that is the sum of capital investments + last year's R&D investments, which, as we mentioned before, comes up to US$37b.We use this number to get a reinvestment rate, by dividing it to net operating profit after tax (NOPAT), this yields a reinvestment rate of 34%.Finally, to get an expected growth in operating income (EBIT) we need to multiply the return on capital of 50% with the reinvestment rate of 34%.For Apple, the expected fundamental growth in operating income is 34.14% * 50% = 17%In terms of numbers, this means that we can expect next year's EBIT for Apple to be 117*(1+0.17) = US$137b on a fundamental basis!Risk and Creating ValueWhile there are many ways we can measure risk (CAPM, Standard Deviation of stocks, Multifactor models, etc), the old and reliable approach is to measure risk through the eyes of the marginal investor. This means that we align our view with how big price movers evaluate risk.For Apple, that can be either the cost of equity or the cost of capital.The cost of equity is 6.7% and the cost of capital is closer to 7.3%.The main difference between the 2 measures is that the cost of capital accounts for the US$123b of total debt in Apple.Why is the cost of capital important?In essence, this is what allows us to evaluate how much value a company is creating. By subtracting the cost from the return on capital (ROCE), we see that Apple is creating net positive value.Excess Value = 50% - 7.3% = 42.7%This is a staggering amount, especially when you consider that the company seems poised to keep growing its business.Capturing ValueA company may create a lot of value, but only capture a very small portion of it. For example, we can argue that in the first decade of the 21century, Microsoft (NASDAQ:MSFT), revolutionized the world with its operating system and office suite. But, the technology was so widely available, that the company managed to capture only a small fraction of what it created.While Apple is still a technology company, it has consolidated its business in a very efficient manner, creating almost a full closed ecosystem between the software, hardware and accessories. This allows the company to capture a higher portion of the value it creates, which we can measure on the margin.While not a perfect measure, profitability margins show how much of the created value, a company is managing to capture.The most relevant margins, are those that are closest to the cash flows attributed to investors, which is why we will look at EBIT, Net Income and Free Cash Flow margins.In the last 12 months, Apple posted:30.9% EBIT Margin26.6% Net Income Margin26.9% Free Cash Flow Margin (to the firm / unlevered)As we can see, Apple is capturing more than 1/4 of the created value, and by looking at the past, we notice that these margins have been increasing.This ultimately goes back either into the business as retained earnings or to shareholders via buybacks and dividends. It is quite amazing that a company of this size is as profitable and still very efficiently growing.SummaryApple, is one of the flagship companies that have justifiably earned the trust of investors. The fundamentals indicate that the company will continue to grow, create value and be stable even in more turbulent markets.Here is the rundown of the main fundamental factors for Apple:Implied Fundamental Growth in EBIT in the next 12 months: 17%, expected free cash flows US$126.6b by Q3 2024Reinvestment into the business, US$37b ttmReturns on capital 50% (ROCE) ttmRisk as estimated by the cost of capital, 7.3%Profitability: 30.9% EBIT ttm and 26.9% Free Cash Flow Margin ttm","news_type":1},"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692728147,"gmtCreate":1641223972069,"gmtModify":1641223972069,"author":{"id":"3586434896339890","authorId":"3586434896339890","name":"Nkx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Read ","listText":"Read ","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/692728147","repostId":"2200424255","repostType":4,"repost":{"id":"2200424255","pubTimestamp":1641222499,"share":"https://www.laohu8.com/m/news/2200424255?lang=&edition=full","pubTime":"2022-01-03 23:08","market":"us","language":"en","title":"Wall Street Loves These 3 Growth Stocks -- Should You?","url":"https://stock-news.laohu8.com/highlight/detail?id=2200424255","media":"Motley Fool","summary":"The future of transport is electric, but that doesn't make every EV stock a buy.","content":"<html><head></head><body><p>Some stocks, at times, get much higher attention and interest than others from investors and analysts alike. Frequently, such stocks are from a hot sector, like electric vehicles (EVs) right now. But should you buy a stock just because it is hot?</p><p>Let's discuss three EV stocks that are getting a lot of love from Wall Street, and if they are attractive buys right now or not.</p><h2>Tesla</h2><p>Probably no other car company has captured investors' attention in the way <b>Tesla</b> (NASDAQ:TSLA) did in the last few years. That got reflected in a steep rise in Tesla's stock price -- from less than $5 in 2010 to more than $1,000 right now. That's a rise of more than 20,000% in roughly 11 years. Interestingly, the stock rose more than 1,000% in just the last two years. The rate of growth in Tesla's stock price fell in 2021, when the stock rose <i>just</i> around 52%.</p><p>But the question that is at the top of investors' minds right now is whether the stock still makes an attractive buy. There are probably two key factors that may drive Tesla's stock price up from here on. First, if the company manages to grow its EV deliveries, at the margin it is currently generating, the stock could see steady gains in the coming years. These will not likely be of the magnitude seen in the past.</p><p>Second, Tesla stock could see substantial gains if the company manages to bring better full self-driving features to the market than the competition. The company could potentially disrupt other segments, such as auto insurance, using custom premium rates based on driver data gathered by it. Notably, these are all possibilities, and may not turn into a reality.</p><p>On the flip side, Tesla stock looks priced for perfection. With rising competition, the road ahead for the company isn't entirely smooth. Any deviation from expectations may send the stock's price downward. But all said, Wall Street's love for the stock doesn't seem unreasonable.</p><h2>Rivian</h2><p>Another EV stock that has garnered tons of attention from Wall Street is <b>Rivian</b> (NASDAQ:RIVN). The electric vehicle manufacturer has delivered fewer than 400 vehicles so far. Yet, the stock is trading at a market capitalization of more than $90 billion. There are quite a few things that investors like about Rivian. To begin with, it is the first company to launch an electric pickup truck. It beat the likes of <b>General Motors</b>, <b>Ford</b>, and Tesla to launch an electric truck.</p><p>What's more, the company's truck got positive reviews from users and media. Its pickup truck was selected as <i>MotorTrend's</i> 2022 Truck of the Year. In addition to the pickup truck, the company started deliveries of its first SUV in December. Rivian has received more than 71,000 pre-orders for its truck and SUV combined, indicating a strong consumer interest in its vehicles.</p><p>Finally, the company is backed by <b>Amazon</b> (NASDAQ:AMZN), which owns a roughly 20% stake in Rivian. Additionally, Amazon has agreed to buy 100,000 electric delivery vans from Rivian. So, Rivian has some good products and ready buyers. All it now needs to do is start delivering the EVs.</p><p>Though promising, the valuation of Rivian stock looks substantially rich. Investors might want to let the story play out before deciding to buy Rivian stock.</p><h2>Lucid Group</h2><p><b>Lucid Group</b> (NASDAQ:LCID) rose to prominence when it successfully delivered its first car, the Lucid Air, with a longer range than that of any other electric car in the market. At its top trim, the car offers a range of 520 miles -- about 100 miles more than Tesla's Model S. Lucid's experience in batteries that power the world's premier EV racing series came in handy when delivering superior performance. The Lucid Air also bagged the 2022 <i>MotorTrend</i> Car of the Year award.</p><p>Lucid plans to deliver 20,000 vehicles in 2022. Beyond that, Lucid has laid out its growth plans systematically. The company plans to launch the Grand Touring, Touring, and Pure versions of the Lucid Air in 2022. In 2023, it intends to launch its SUV called Gravity. Moreover, the company plans to enter the European and Middle Eastern markets in 2022.</p><p>Lucid's solid products and its clear growth plans make its stock attractive. However, investors should note that the company still has a long way to go before it starts delivering cars profitably.</p></body></html>","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>Wall Street Loves These 3 Growth Stocks -- Should You?</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\">\nWall Street Loves These 3 Growth Stocks -- Should You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-03 23:08 GMT+8 <a href=https://www.fool.com/investing/2022/01/03/wall-street-loves-these-3-growth-stocks-should-you/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some stocks, at times, get much higher attention and interest than others from investors and analysts alike. Frequently, such stocks are from a hot sector, like electric vehicles (EVs) right now. But ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/03/wall-street-loves-these-3-growth-stocks-should-you/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BK4548":"巴美列捷福持仓","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LCID":"Lucid Group Inc","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4559":"巴菲特持仓","BK4538":"云计算","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","RIVN":"Rivian Automotive, Inc.","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4099":"汽车制造商","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2022/01/03/wall-street-loves-these-3-growth-stocks-should-you/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200424255","content_text":"Some stocks, at times, get much higher attention and interest than others from investors and analysts alike. Frequently, such stocks are from a hot sector, like electric vehicles (EVs) right now. But should you buy a stock just because it is hot?Let's discuss three EV stocks that are getting a lot of love from Wall Street, and if they are attractive buys right now or not.TeslaProbably no other car company has captured investors' attention in the way Tesla (NASDAQ:TSLA) did in the last few years. That got reflected in a steep rise in Tesla's stock price -- from less than $5 in 2010 to more than $1,000 right now. That's a rise of more than 20,000% in roughly 11 years. Interestingly, the stock rose more than 1,000% in just the last two years. The rate of growth in Tesla's stock price fell in 2021, when the stock rose just around 52%.But the question that is at the top of investors' minds right now is whether the stock still makes an attractive buy. There are probably two key factors that may drive Tesla's stock price up from here on. First, if the company manages to grow its EV deliveries, at the margin it is currently generating, the stock could see steady gains in the coming years. These will not likely be of the magnitude seen in the past.Second, Tesla stock could see substantial gains if the company manages to bring better full self-driving features to the market than the competition. The company could potentially disrupt other segments, such as auto insurance, using custom premium rates based on driver data gathered by it. Notably, these are all possibilities, and may not turn into a reality.On the flip side, Tesla stock looks priced for perfection. With rising competition, the road ahead for the company isn't entirely smooth. Any deviation from expectations may send the stock's price downward. But all said, Wall Street's love for the stock doesn't seem unreasonable.RivianAnother EV stock that has garnered tons of attention from Wall Street is Rivian (NASDAQ:RIVN). The electric vehicle manufacturer has delivered fewer than 400 vehicles so far. Yet, the stock is trading at a market capitalization of more than $90 billion. There are quite a few things that investors like about Rivian. To begin with, it is the first company to launch an electric pickup truck. It beat the likes of General Motors, Ford, and Tesla to launch an electric truck.What's more, the company's truck got positive reviews from users and media. Its pickup truck was selected as MotorTrend's 2022 Truck of the Year. In addition to the pickup truck, the company started deliveries of its first SUV in December. Rivian has received more than 71,000 pre-orders for its truck and SUV combined, indicating a strong consumer interest in its vehicles.Finally, the company is backed by Amazon (NASDAQ:AMZN), which owns a roughly 20% stake in Rivian. Additionally, Amazon has agreed to buy 100,000 electric delivery vans from Rivian. So, Rivian has some good products and ready buyers. All it now needs to do is start delivering the EVs.Though promising, the valuation of Rivian stock looks substantially rich. Investors might want to let the story play out before deciding to buy Rivian stock.Lucid GroupLucid Group (NASDAQ:LCID) rose to prominence when it successfully delivered its first car, the Lucid Air, with a longer range than that of any other electric car in the market. At its top trim, the car offers a range of 520 miles -- about 100 miles more than Tesla's Model S. Lucid's experience in batteries that power the world's premier EV racing series came in handy when delivering superior performance. The Lucid Air also bagged the 2022 MotorTrend Car of the Year award.Lucid plans to deliver 20,000 vehicles in 2022. Beyond that, Lucid has laid out its growth plans systematically. The company plans to launch the Grand Touring, Touring, and Pure versions of the Lucid Air in 2022. In 2023, it intends to launch its SUV called Gravity. Moreover, the company plans to enter the European and Middle Eastern markets in 2022.Lucid's solid products and its clear growth plans make its stock attractive. However, investors should note that the company still has a long way to go before it starts delivering cars profitably.","news_type":1},"isVote":1,"tweetType":1,"viewCount":804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692443083,"gmtCreate":1641188832862,"gmtModify":1641188832995,"author":{"id":"3586434896339890","authorId":"3586434896339890","name":"Nkx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692443083","repostId":"2200443162","repostType":4,"repost":{"id":"2200443162","pubTimestamp":1641175843,"share":"https://www.laohu8.com/m/news/2200443162?lang=&edition=full","pubTime":"2022-01-03 10:10","market":"us","language":"en","title":"71 years of stock market data reveals investors may be happy in the New Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2200443162","media":"Yahoo Finance","summary":"After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains ","content":"<html><head></head><body><p>After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors.</p><p>Truist Advisory Services co-chief investment officer Keith Lerner found that going back to 1950, when the S&P 500 had a total return of at least 25% in a year, stocks usually rose in the following year. The outcome during that 71 year stretch: stocks advanced 82% of the time, or 14 out of 17 instances.</p><p>As the data shows, however, it's not always sunshine and rainbows after a big year for stocks.</p><p>Two of the three years where stocks failed to rise after 25%+ annual gains were 1981 and 1990. Lerner points out both of those periods commenced with recessions. The other down year was 1962, which Lerner says was challenged by a "flash crash" and "deteriorating investor confidence."</p><p>Lerner doesn't see a recession in the cards for 2022, but acknowledges that it's likely stocks have more modest gains after a banner 2021.</p><p>"History is only a guide and should be used alongside other factors, such as the business cycle and fundamentals. Still, the studies reviewed on performance following years with robust market gains, strong price momentum, and shallow pullbacks lend further support to our base case outlook for 2022. That is, we still favor stocks and expect the bull market to extend, though at a much more modest pace relative to 2021. The data also suggest investors should anticipate more normal and deeper corrections relative to the unusually shallow pullbacks seen over the past year. Thus, we remain positive yet realistic entering the new year," Lerner explains.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2a393125c83e9e71035b9c23133616c\" tg-width=\"1094\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Another up year for stocks on tap?Truist</span></p><p>To be sure, the market enters 2022 with considerable momentum that go a long way to nailing down a positive year ahead.</p><p>The S&P 500 notched its 70th record close of the year on Wednesday. As Yahoo Finance's Alexandra Semenova points out, the S&P 500 recorded a new all-time high every month this year. That makes 2021 among the best years ever for investors.</p><p>Meanwhile, well-known companies such as Apple, Home Depot, McDonald's, Coca-Cola and Procter & Gamble continue to hover around record highs.</p><p>"We encourage our clients not to get out, to stay in the market. When the recoveries hit, when the sentiment changes, it happens so quickly that often by the time you're able to get back into the market, you have already missed out," said Erin Gibbs, Main Street Asset Management chief investment officer, on Yahoo Finance Live.</p></body></html>","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>71 years of stock market data reveals investors may be happy in the New Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n71 years of stock market data reveals investors may be happy in the New Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-03 10:10 GMT+8 <a href=https://finance.yahoo.com/news/71-years-of-stock-market-data-reveals-investors-may-be-happy-in-the-new-year-173229105.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors.Truist Advisory Services co-chief investment officer Keith Lerner found that going ...</p>\n\n<a href=\"https://finance.yahoo.com/news/71-years-of-stock-market-data-reveals-investors-may-be-happy-in-the-new-year-173229105.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRCC":"Monroe Capital Corporation","HD":"家得宝",".DJI":"道琼斯","AAPL":"苹果","BK4017":"黄金",".IXIC":"NASDAQ Composite","KO":"可口可乐",".SPX":"S&P 500 Index","MCD":"麦当劳","PG":"宝洁","NGD":"New Gold"},"source_url":"https://finance.yahoo.com/news/71-years-of-stock-market-data-reveals-investors-may-be-happy-in-the-new-year-173229105.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200443162","content_text":"After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors.Truist Advisory Services co-chief investment officer Keith Lerner found that going back to 1950, when the S&P 500 had a total return of at least 25% in a year, stocks usually rose in the following year. The outcome during that 71 year stretch: stocks advanced 82% of the time, or 14 out of 17 instances.As the data shows, however, it's not always sunshine and rainbows after a big year for stocks.Two of the three years where stocks failed to rise after 25%+ annual gains were 1981 and 1990. Lerner points out both of those periods commenced with recessions. The other down year was 1962, which Lerner says was challenged by a \"flash crash\" and \"deteriorating investor confidence.\"Lerner doesn't see a recession in the cards for 2022, but acknowledges that it's likely stocks have more modest gains after a banner 2021.\"History is only a guide and should be used alongside other factors, such as the business cycle and fundamentals. Still, the studies reviewed on performance following years with robust market gains, strong price momentum, and shallow pullbacks lend further support to our base case outlook for 2022. That is, we still favor stocks and expect the bull market to extend, though at a much more modest pace relative to 2021. The data also suggest investors should anticipate more normal and deeper corrections relative to the unusually shallow pullbacks seen over the past year. Thus, we remain positive yet realistic entering the new year,\" Lerner explains.Another up year for stocks on tap?TruistTo be sure, the market enters 2022 with considerable momentum that go a long way to nailing down a positive year ahead.The S&P 500 notched its 70th record close of the year on Wednesday. As Yahoo Finance's Alexandra Semenova points out, the S&P 500 recorded a new all-time high every month this year. That makes 2021 among the best years ever for investors.Meanwhile, well-known companies such as Apple, Home Depot, McDonald's, Coca-Cola and Procter & Gamble continue to hover around record highs.\"We encourage our clients not to get out, to stay in the market. When the recoveries hit, when the sentiment changes, it happens so quickly that often by the time you're able to get back into the market, you have already missed out,\" said Erin Gibbs, Main Street Asset Management chief investment officer, on Yahoo Finance Live.","news_type":1},"isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":807917805,"gmtCreate":1627996408307,"gmtModify":1631886255535,"author":{"id":"3586434896339890","authorId":"3586434896339890","name":"Nkx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[真香] ","listText":"[真香] ","text":"[真香]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807917805","repostId":"1181078046","repostType":4,"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":636967016,"gmtCreate":1645630956289,"gmtModify":1645630956289,"author":{"id":"3586434896339890","authorId":"3586434896339890","name":"Nkx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":23,"repostSize":0,"link":"https://laohu8.com/post/636967016","repostId":"2213984922","repostType":4,"repost":{"id":"2213984922","pubTimestamp":1645614852,"share":"https://www.laohu8.com/m/news/2213984922?lang=&edition=full","pubTime":"2022-02-23 19:14","market":"us","language":"en","title":"Why Apple Can Create More Value Than Expected?","url":"https://stock-news.laohu8.com/highlight/detail?id=2213984922","media":"Simply Wall St.","summary":"Apple (AAPL) is the US$2.7 trillion market company that has been continuously performing, and has de","content":"<html><head></head><body><p><b>Apple</b> (AAPL) is the US$2.7 trillion market company that has been continuously performing, and has delivered a 390% return over the last five years. <b>What is it, that makes the company so valuable to investors?</b> In this article, we will analyze the <b>fundamental contributing factors</b> to the company's performance.</p><p>There are a few main factors that make a company valuable, which ultimately <b>result in high positive future cash flows</b>. These factors can be summed up as:</p><ul><li><i>Growth</i></li><li><i>Returns on capital</i></li><li><i>Risk</i></li><li><i>Profitability</i></li></ul><p><i>Analysts focus on profits but buy the cash flows.</i></p><h3>Free Cash Flows</h3><p>For Apple, the cash flows are consistent, high, and growing.</p><p>In the chart below, we can see both past and future projected cash flows for the company. Considering that there are more than 30 analysts covering the stock, we can assume that the average estimates are of high quality.</p><p><img src=\"https://static.tigerbbs.com/0300d572a09cad6c70ecb4f367344b8c\" tg-width=\"839\" tg-height=\"462\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NasdaqGS:AAPL Financial Performance and Future Estimates, February 21st 2022</p><p>We can see that Apple's cash flows are in-line with profits, reliable and expected to hold or even increase in the future. Apple <b>made US$101.8b of free cash flows</b> in the last 12 months, and they are expected to increase to US$126.6b by Q3 2024.</p><h3>Reinvesting into the Business</h3><p>One of the reasons for this is that the company is continuously reinvesting in the business. Looking at the <b>cash from investing activities, Apple spent some US$22b on investments in the last 12 months. </b></p><p>However, Apple is a mix between a software and consumer electronics company, so there is a good argument to be made that part of the main assets the company has, are intangible and stem from their R&D expenses.</p><p>When we capitalize the last 5 years of R&D research, we get a value of the research asset of US$57b, of which, <b>a record US$23b were invested in the last 12 months</b>. Clearly, the company has some big plans in the future, and <b>the expected growth rates are backed by hard investments into the business.</b></p><p>We need to net out depreciation, add back change in working capital (cleanup) and the <b>result of both investments, is a total reinvestment of US$37b in the business!</b></p><p><i>Note, that instead of cash from investing activities, we can just use CapEx - Analysts may choose different approaches.</i></p><h3>Fundamental Growth and Returns</h3><p>There are multiple ways we can come up with expected growth rates.</p><p>Management has internal estimates that usually go forward a year. Analysts on average seem aligned with these estimates, partly because it is the easier route to take, but also because they have someone to blame if things don't go as planned. The problem with management guidance, is that it can be wrong in a critical moment, as management has an incentive to give the most plausible optimistic projection on the future.</p><p>Alternatively, <b>we can see what management invests and use the return of investment to calculate a growth in operating income. </b></p><p>To get that, we first need the returns.</p><h3>Return On Capital Employed (ROCE)</h3><p>For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Apple is:</p><p><b>Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)</b></p><p><b>0.50 = US$117b ÷ (US$381b - US$148b)</b> <i>(Based on the trailing twelve months to December 2021)</i>.</p><p>So, <b>Apple has an ROCE of 50%. </b> That's a fantastic return and not only that, it outpaces the average of 11% earned by companies in a similar industry.</p><p>The company has also surpassed past returns of 26%, which is a great sign for more value creation.</p><p><img src=\"https://static.tigerbbs.com/a1ad7c7b03a432b401b29383a9f0c7aa\" tg-width=\"333\" tg-height=\"316\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NasdaqGS:AAPL Return on Capital Employed February 21st 2022</p><p>Now that we have the return, what does it mean for future growth rates?</p><p>There are a few steps, but here is how it goes:</p><ul><li><i>First, we take what the company has reinvested in the business in the last 12 months.</i></li><li><i>For Apple, that is the </i><i><b>sum of capital investments + last year's R&D investments</b></i><i>, which, as we mentioned before, comes up to </i><i><b>US$37b</b></i><i>.</i></li><li><i>We use this number to get a reinvestment rate, by dividing it to net operating profit after tax (NOPAT), this yields a </i><i><b>reinvestment rate of 34%.</b></i></li><li><i>Finally, to get an expected growth in operating income (EBIT) we need to multiply the return on capital of 50% with the reinvestment rate of 34%.</i></li></ul><p>For Apple, the expected <b>fundamental growth in operating income is 34.14% * 50% = 17%</b></p><p>In terms of numbers, this means that we can expect next year's EBIT for Apple to be 117*(1+0.17) = US$137b on a fundamental basis!</p><h3>Risk and Creating Value</h3><p>While there are many ways we can measure risk (CAPM, Standard Deviation of stocks, Multifactor models, etc), the old and reliable approach is to measure risk through the eyes of the marginal investor. This means that <b>we align our view with how big price movers evaluate risk</b>.</p><p>For Apple, that can be either the cost of equity or the cost of capital.</p><p>The cost of equity is 6.7% and the cost of capital is closer to 7.3%.</p><p>The main difference between the 2 measures is that the cost of capital accounts for the US$123b of total debt in Apple.</p><p><i>Why is the cost of capital important?</i></p><p>In essence, this is what allows us to <b>evaluate how much value a company is creating</b>. By subtracting the cost from the return on capital (ROCE), we see that Apple is creating net positive value.</p><p><b>Excess Value = 50% - 7.3% = 42.7%</b></p><p>This is a staggering amount, especially when you consider that the company seems poised to keep growing its business.</p><h3>Capturing Value</h3><p>A company may create a lot of value, but only capture a very small portion of it. For example, we can argue that in the first decade of the 21century, <b>Microsoft </b>(NASDAQ:MSFT), revolutionized the world with its operating system and office suite. But, the technology was so widely available, that the company managed to capture only a small fraction of what it created.</p><p>While Apple is still a technology company, it has consolidated its business in a very efficient manner, creating almost a full closed ecosystem between the software, hardware and accessories. This allows the company to capture a higher portion of the value it creates, which we can measure on the margin.</p><p>While not a perfect measure, profitability margins show how much of the created value, a company is managing to capture.</p><p>The most relevant margins, are those that are closest to the cash flows attributed to investors, which is why we will look at EBIT, Net Income and Free Cash Flow margins.</p><p>In the last 12 months, Apple posted:</p><ul><li>30.9% EBIT Margin</li><li>26.6% Net Income Margin</li><li>26.9% Free Cash Flow Margin (to the firm / unlevered)</li></ul><p>As we can see, Apple is capturing more than 1/4 of the created value, and by looking at the past, we notice that these margins have been increasing.</p><p>This ultimately goes back either into the business as retained earnings or to shareholders via buybacks and dividends. It is quite amazing that a company of this size is as profitable and still very efficiently growing.</p><h3>Summary</h3><p>Apple, is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the flagship companies that have justifiably earned the trust of investors. The fundamentals indicate that the company will continue to grow, create value and be stable even in more turbulent markets.</p><p>Here is the rundown of the main fundamental factors for Apple:</p><ul><li><i>Implied Fundamental Growth in EBIT in the next 12 months: 17%, expected free cash flows US$126.6b by Q3 2024</i></li><li><i>Reinvestment into the business, US$37b ttm</i></li><li><i>Returns on capital 50% (ROCE) ttm</i></li><li><i>Risk as estimated by the cost of capital, 7.3%</i></li><li><i>Profitability: 30.9% EBIT ttm and 26.9% Free Cash Flow Margin ttm</i></li></ul></body></html>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Apple Can Create More Value Than Expected?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Apple Can Create More Value Than Expected?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-23 19:14 GMT+8 <a href=https://finance.yahoo.com/news/why-apple-nasdaq-aapl-create-213809543.html><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (AAPL) is the US$2.7 trillion market company that has been continuously performing, and has delivered a 390% return over the last five years. What is it, that makes the company so valuable to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/why-apple-nasdaq-aapl-create-213809543.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4515":"5G概念","AAPL":"苹果","BK4553":"喜马拉雅资本持仓","BK4532":"文艺复兴科技持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4501":"段永平概念","BK4559":"巴菲特持仓","BK4507":"流媒体概念","BK4527":"明星科技股","BK4534":"瑞士信贷持仓","BK4505":"高瓴资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4566":"资本集团","BK4554":"元宇宙及AR概念"},"source_url":"https://finance.yahoo.com/news/why-apple-nasdaq-aapl-create-213809543.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2213984922","content_text":"Apple (AAPL) is the US$2.7 trillion market company that has been continuously performing, and has delivered a 390% return over the last five years. What is it, that makes the company so valuable to investors? In this article, we will analyze the fundamental contributing factors to the company's performance.There are a few main factors that make a company valuable, which ultimately result in high positive future cash flows. These factors can be summed up as:GrowthReturns on capitalRiskProfitabilityAnalysts focus on profits but buy the cash flows.Free Cash FlowsFor Apple, the cash flows are consistent, high, and growing.In the chart below, we can see both past and future projected cash flows for the company. Considering that there are more than 30 analysts covering the stock, we can assume that the average estimates are of high quality.NasdaqGS:AAPL Financial Performance and Future Estimates, February 21st 2022We can see that Apple's cash flows are in-line with profits, reliable and expected to hold or even increase in the future. Apple made US$101.8b of free cash flows in the last 12 months, and they are expected to increase to US$126.6b by Q3 2024.Reinvesting into the BusinessOne of the reasons for this is that the company is continuously reinvesting in the business. Looking at the cash from investing activities, Apple spent some US$22b on investments in the last 12 months. However, Apple is a mix between a software and consumer electronics company, so there is a good argument to be made that part of the main assets the company has, are intangible and stem from their R&D expenses.When we capitalize the last 5 years of R&D research, we get a value of the research asset of US$57b, of which, a record US$23b were invested in the last 12 months. Clearly, the company has some big plans in the future, and the expected growth rates are backed by hard investments into the business.We need to net out depreciation, add back change in working capital (cleanup) and the result of both investments, is a total reinvestment of US$37b in the business!Note, that instead of cash from investing activities, we can just use CapEx - Analysts may choose different approaches.Fundamental Growth and ReturnsThere are multiple ways we can come up with expected growth rates.Management has internal estimates that usually go forward a year. Analysts on average seem aligned with these estimates, partly because it is the easier route to take, but also because they have someone to blame if things don't go as planned. The problem with management guidance, is that it can be wrong in a critical moment, as management has an incentive to give the most plausible optimistic projection on the future.Alternatively, we can see what management invests and use the return of investment to calculate a growth in operating income. To get that, we first need the returns.Return On Capital Employed (ROCE)For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. The formula for this calculation on Apple is:Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities)0.50 = US$117b ÷ (US$381b - US$148b) (Based on the trailing twelve months to December 2021).So, Apple has an ROCE of 50%. That's a fantastic return and not only that, it outpaces the average of 11% earned by companies in a similar industry.The company has also surpassed past returns of 26%, which is a great sign for more value creation.NasdaqGS:AAPL Return on Capital Employed February 21st 2022Now that we have the return, what does it mean for future growth rates?There are a few steps, but here is how it goes:First, we take what the company has reinvested in the business in the last 12 months.For Apple, that is the sum of capital investments + last year's R&D investments, which, as we mentioned before, comes up to US$37b.We use this number to get a reinvestment rate, by dividing it to net operating profit after tax (NOPAT), this yields a reinvestment rate of 34%.Finally, to get an expected growth in operating income (EBIT) we need to multiply the return on capital of 50% with the reinvestment rate of 34%.For Apple, the expected fundamental growth in operating income is 34.14% * 50% = 17%In terms of numbers, this means that we can expect next year's EBIT for Apple to be 117*(1+0.17) = US$137b on a fundamental basis!Risk and Creating ValueWhile there are many ways we can measure risk (CAPM, Standard Deviation of stocks, Multifactor models, etc), the old and reliable approach is to measure risk through the eyes of the marginal investor. This means that we align our view with how big price movers evaluate risk.For Apple, that can be either the cost of equity or the cost of capital.The cost of equity is 6.7% and the cost of capital is closer to 7.3%.The main difference between the 2 measures is that the cost of capital accounts for the US$123b of total debt in Apple.Why is the cost of capital important?In essence, this is what allows us to evaluate how much value a company is creating. By subtracting the cost from the return on capital (ROCE), we see that Apple is creating net positive value.Excess Value = 50% - 7.3% = 42.7%This is a staggering amount, especially when you consider that the company seems poised to keep growing its business.Capturing ValueA company may create a lot of value, but only capture a very small portion of it. For example, we can argue that in the first decade of the 21century, Microsoft (NASDAQ:MSFT), revolutionized the world with its operating system and office suite. But, the technology was so widely available, that the company managed to capture only a small fraction of what it created.While Apple is still a technology company, it has consolidated its business in a very efficient manner, creating almost a full closed ecosystem between the software, hardware and accessories. This allows the company to capture a higher portion of the value it creates, which we can measure on the margin.While not a perfect measure, profitability margins show how much of the created value, a company is managing to capture.The most relevant margins, are those that are closest to the cash flows attributed to investors, which is why we will look at EBIT, Net Income and Free Cash Flow margins.In the last 12 months, Apple posted:30.9% EBIT Margin26.6% Net Income Margin26.9% Free Cash Flow Margin (to the firm / unlevered)As we can see, Apple is capturing more than 1/4 of the created value, and by looking at the past, we notice that these margins have been increasing.This ultimately goes back either into the business as retained earnings or to shareholders via buybacks and dividends. It is quite amazing that a company of this size is as profitable and still very efficiently growing.SummaryApple, is one of the flagship companies that have justifiably earned the trust of investors. The fundamentals indicate that the company will continue to grow, create value and be stable even in more turbulent markets.Here is the rundown of the main fundamental factors for Apple:Implied Fundamental Growth in EBIT in the next 12 months: 17%, expected free cash flows US$126.6b by Q3 2024Reinvestment into the business, US$37b ttmReturns on capital 50% (ROCE) ttmRisk as estimated by the cost of capital, 7.3%Profitability: 30.9% EBIT ttm and 26.9% Free Cash Flow Margin ttm","news_type":1},"isVote":1,"tweetType":1,"viewCount":538,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692728147,"gmtCreate":1641223972069,"gmtModify":1641223972069,"author":{"id":"3586434896339890","authorId":"3586434896339890","name":"Nkx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Read ","listText":"Read ","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/692728147","repostId":"2200424255","repostType":4,"repost":{"id":"2200424255","pubTimestamp":1641222499,"share":"https://www.laohu8.com/m/news/2200424255?lang=&edition=full","pubTime":"2022-01-03 23:08","market":"us","language":"en","title":"Wall Street Loves These 3 Growth Stocks -- Should You?","url":"https://stock-news.laohu8.com/highlight/detail?id=2200424255","media":"Motley Fool","summary":"The future of transport is electric, but that doesn't make every EV stock a buy.","content":"<html><head></head><body><p>Some stocks, at times, get much higher attention and interest than others from investors and analysts alike. Frequently, such stocks are from a hot sector, like electric vehicles (EVs) right now. But should you buy a stock just because it is hot?</p><p>Let's discuss three EV stocks that are getting a lot of love from Wall Street, and if they are attractive buys right now or not.</p><h2>Tesla</h2><p>Probably no other car company has captured investors' attention in the way <b>Tesla</b> (NASDAQ:TSLA) did in the last few years. That got reflected in a steep rise in Tesla's stock price -- from less than $5 in 2010 to more than $1,000 right now. That's a rise of more than 20,000% in roughly 11 years. Interestingly, the stock rose more than 1,000% in just the last two years. The rate of growth in Tesla's stock price fell in 2021, when the stock rose <i>just</i> around 52%.</p><p>But the question that is at the top of investors' minds right now is whether the stock still makes an attractive buy. There are probably two key factors that may drive Tesla's stock price up from here on. First, if the company manages to grow its EV deliveries, at the margin it is currently generating, the stock could see steady gains in the coming years. These will not likely be of the magnitude seen in the past.</p><p>Second, Tesla stock could see substantial gains if the company manages to bring better full self-driving features to the market than the competition. The company could potentially disrupt other segments, such as auto insurance, using custom premium rates based on driver data gathered by it. Notably, these are all possibilities, and may not turn into a reality.</p><p>On the flip side, Tesla stock looks priced for perfection. With rising competition, the road ahead for the company isn't entirely smooth. Any deviation from expectations may send the stock's price downward. But all said, Wall Street's love for the stock doesn't seem unreasonable.</p><h2>Rivian</h2><p>Another EV stock that has garnered tons of attention from Wall Street is <b>Rivian</b> (NASDAQ:RIVN). The electric vehicle manufacturer has delivered fewer than 400 vehicles so far. Yet, the stock is trading at a market capitalization of more than $90 billion. There are quite a few things that investors like about Rivian. To begin with, it is the first company to launch an electric pickup truck. It beat the likes of <b>General Motors</b>, <b>Ford</b>, and Tesla to launch an electric truck.</p><p>What's more, the company's truck got positive reviews from users and media. Its pickup truck was selected as <i>MotorTrend's</i> 2022 Truck of the Year. In addition to the pickup truck, the company started deliveries of its first SUV in December. Rivian has received more than 71,000 pre-orders for its truck and SUV combined, indicating a strong consumer interest in its vehicles.</p><p>Finally, the company is backed by <b>Amazon</b> (NASDAQ:AMZN), which owns a roughly 20% stake in Rivian. Additionally, Amazon has agreed to buy 100,000 electric delivery vans from Rivian. So, Rivian has some good products and ready buyers. All it now needs to do is start delivering the EVs.</p><p>Though promising, the valuation of Rivian stock looks substantially rich. Investors might want to let the story play out before deciding to buy Rivian stock.</p><h2>Lucid Group</h2><p><b>Lucid Group</b> (NASDAQ:LCID) rose to prominence when it successfully delivered its first car, the Lucid Air, with a longer range than that of any other electric car in the market. At its top trim, the car offers a range of 520 miles -- about 100 miles more than Tesla's Model S. Lucid's experience in batteries that power the world's premier EV racing series came in handy when delivering superior performance. The Lucid Air also bagged the 2022 <i>MotorTrend</i> Car of the Year award.</p><p>Lucid plans to deliver 20,000 vehicles in 2022. Beyond that, Lucid has laid out its growth plans systematically. The company plans to launch the Grand Touring, Touring, and Pure versions of the Lucid Air in 2022. In 2023, it intends to launch its SUV called Gravity. Moreover, the company plans to enter the European and Middle Eastern markets in 2022.</p><p>Lucid's solid products and its clear growth plans make its stock attractive. However, investors should note that the company still has a long way to go before it starts delivering cars profitably.</p></body></html>","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>Wall Street Loves These 3 Growth Stocks -- Should You?</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\">\nWall Street Loves These 3 Growth Stocks -- Should You?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-03 23:08 GMT+8 <a href=https://www.fool.com/investing/2022/01/03/wall-street-loves-these-3-growth-stocks-should-you/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Some stocks, at times, get much higher attention and interest than others from investors and analysts alike. Frequently, such stocks are from a hot sector, like electric vehicles (EVs) right now. But ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/03/wall-street-loves-these-3-growth-stocks-should-you/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BK4548":"巴美列捷福持仓","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","LCID":"Lucid Group Inc","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","BK4566":"资本集团","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4559":"巴菲特持仓","BK4538":"云计算","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4503":"景林资产持仓","RIVN":"Rivian Automotive, Inc.","BK4122":"互联网与直销零售","BK4551":"寇图资本持仓","BK4561":"索罗斯持仓","BK4099":"汽车制造商","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2022/01/03/wall-street-loves-these-3-growth-stocks-should-you/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200424255","content_text":"Some stocks, at times, get much higher attention and interest than others from investors and analysts alike. Frequently, such stocks are from a hot sector, like electric vehicles (EVs) right now. But should you buy a stock just because it is hot?Let's discuss three EV stocks that are getting a lot of love from Wall Street, and if they are attractive buys right now or not.TeslaProbably no other car company has captured investors' attention in the way Tesla (NASDAQ:TSLA) did in the last few years. That got reflected in a steep rise in Tesla's stock price -- from less than $5 in 2010 to more than $1,000 right now. That's a rise of more than 20,000% in roughly 11 years. Interestingly, the stock rose more than 1,000% in just the last two years. The rate of growth in Tesla's stock price fell in 2021, when the stock rose just around 52%.But the question that is at the top of investors' minds right now is whether the stock still makes an attractive buy. There are probably two key factors that may drive Tesla's stock price up from here on. First, if the company manages to grow its EV deliveries, at the margin it is currently generating, the stock could see steady gains in the coming years. These will not likely be of the magnitude seen in the past.Second, Tesla stock could see substantial gains if the company manages to bring better full self-driving features to the market than the competition. The company could potentially disrupt other segments, such as auto insurance, using custom premium rates based on driver data gathered by it. Notably, these are all possibilities, and may not turn into a reality.On the flip side, Tesla stock looks priced for perfection. With rising competition, the road ahead for the company isn't entirely smooth. Any deviation from expectations may send the stock's price downward. But all said, Wall Street's love for the stock doesn't seem unreasonable.RivianAnother EV stock that has garnered tons of attention from Wall Street is Rivian (NASDAQ:RIVN). The electric vehicle manufacturer has delivered fewer than 400 vehicles so far. Yet, the stock is trading at a market capitalization of more than $90 billion. There are quite a few things that investors like about Rivian. To begin with, it is the first company to launch an electric pickup truck. It beat the likes of General Motors, Ford, and Tesla to launch an electric truck.What's more, the company's truck got positive reviews from users and media. Its pickup truck was selected as MotorTrend's 2022 Truck of the Year. In addition to the pickup truck, the company started deliveries of its first SUV in December. Rivian has received more than 71,000 pre-orders for its truck and SUV combined, indicating a strong consumer interest in its vehicles.Finally, the company is backed by Amazon (NASDAQ:AMZN), which owns a roughly 20% stake in Rivian. Additionally, Amazon has agreed to buy 100,000 electric delivery vans from Rivian. So, Rivian has some good products and ready buyers. All it now needs to do is start delivering the EVs.Though promising, the valuation of Rivian stock looks substantially rich. Investors might want to let the story play out before deciding to buy Rivian stock.Lucid GroupLucid Group (NASDAQ:LCID) rose to prominence when it successfully delivered its first car, the Lucid Air, with a longer range than that of any other electric car in the market. At its top trim, the car offers a range of 520 miles -- about 100 miles more than Tesla's Model S. Lucid's experience in batteries that power the world's premier EV racing series came in handy when delivering superior performance. The Lucid Air also bagged the 2022 MotorTrend Car of the Year award.Lucid plans to deliver 20,000 vehicles in 2022. Beyond that, Lucid has laid out its growth plans systematically. The company plans to launch the Grand Touring, Touring, and Pure versions of the Lucid Air in 2022. In 2023, it intends to launch its SUV called Gravity. Moreover, the company plans to enter the European and Middle Eastern markets in 2022.Lucid's solid products and its clear growth plans make its stock attractive. However, investors should note that the company still has a long way to go before it starts delivering cars profitably.","news_type":1},"isVote":1,"tweetType":1,"viewCount":804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":692443083,"gmtCreate":1641188832862,"gmtModify":1641188832995,"author":{"id":"3586434896339890","authorId":"3586434896339890","name":"Nkx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"read","listText":"read","text":"read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/692443083","repostId":"2200443162","repostType":4,"repost":{"id":"2200443162","pubTimestamp":1641175843,"share":"https://www.laohu8.com/m/news/2200443162?lang=&edition=full","pubTime":"2022-01-03 10:10","market":"us","language":"en","title":"71 years of stock market data reveals investors may be happy in the New Year","url":"https://stock-news.laohu8.com/highlight/detail?id=2200443162","media":"Yahoo Finance","summary":"After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains ","content":"<html><head></head><body><p>After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors.</p><p>Truist Advisory Services co-chief investment officer Keith Lerner found that going back to 1950, when the S&P 500 had a total return of at least 25% in a year, stocks usually rose in the following year. The outcome during that 71 year stretch: stocks advanced 82% of the time, or 14 out of 17 instances.</p><p>As the data shows, however, it's not always sunshine and rainbows after a big year for stocks.</p><p>Two of the three years where stocks failed to rise after 25%+ annual gains were 1981 and 1990. Lerner points out both of those periods commenced with recessions. The other down year was 1962, which Lerner says was challenged by a "flash crash" and "deteriorating investor confidence."</p><p>Lerner doesn't see a recession in the cards for 2022, but acknowledges that it's likely stocks have more modest gains after a banner 2021.</p><p>"History is only a guide and should be used alongside other factors, such as the business cycle and fundamentals. Still, the studies reviewed on performance following years with robust market gains, strong price momentum, and shallow pullbacks lend further support to our base case outlook for 2022. That is, we still favor stocks and expect the bull market to extend, though at a much more modest pace relative to 2021. The data also suggest investors should anticipate more normal and deeper corrections relative to the unusually shallow pullbacks seen over the past year. Thus, we remain positive yet realistic entering the new year," Lerner explains.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2a393125c83e9e71035b9c23133616c\" tg-width=\"1094\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Another up year for stocks on tap?Truist</span></p><p>To be sure, the market enters 2022 with considerable momentum that go a long way to nailing down a positive year ahead.</p><p>The S&P 500 notched its 70th record close of the year on Wednesday. As Yahoo Finance's Alexandra Semenova points out, the S&P 500 recorded a new all-time high every month this year. That makes 2021 among the best years ever for investors.</p><p>Meanwhile, well-known companies such as Apple, Home Depot, McDonald's, Coca-Cola and Procter & Gamble continue to hover around record highs.</p><p>"We encourage our clients not to get out, to stay in the market. When the recoveries hit, when the sentiment changes, it happens so quickly that often by the time you're able to get back into the market, you have already missed out," said Erin Gibbs, Main Street Asset Management chief investment officer, on Yahoo Finance Live.</p></body></html>","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>71 years of stock market data reveals investors may be happy in the New Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n71 years of stock market data reveals investors may be happy in the New Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-03 10:10 GMT+8 <a href=https://finance.yahoo.com/news/71-years-of-stock-market-data-reveals-investors-may-be-happy-in-the-new-year-173229105.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors.Truist Advisory Services co-chief investment officer Keith Lerner found that going ...</p>\n\n<a href=\"https://finance.yahoo.com/news/71-years-of-stock-market-data-reveals-investors-may-be-happy-in-the-new-year-173229105.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRCC":"Monroe Capital Corporation","HD":"家得宝",".DJI":"道琼斯","AAPL":"苹果","BK4017":"黄金",".IXIC":"NASDAQ Composite","KO":"可口可乐",".SPX":"S&P 500 Index","MCD":"麦当劳","PG":"宝洁","NGD":"New Gold"},"source_url":"https://finance.yahoo.com/news/71-years-of-stock-market-data-reveals-investors-may-be-happy-in-the-new-year-173229105.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200443162","content_text":"After a nearly 29% total return for the S&P 500 this year, history suggests 2022 may see more gains for investors.Truist Advisory Services co-chief investment officer Keith Lerner found that going back to 1950, when the S&P 500 had a total return of at least 25% in a year, stocks usually rose in the following year. The outcome during that 71 year stretch: stocks advanced 82% of the time, or 14 out of 17 instances.As the data shows, however, it's not always sunshine and rainbows after a big year for stocks.Two of the three years where stocks failed to rise after 25%+ annual gains were 1981 and 1990. Lerner points out both of those periods commenced with recessions. The other down year was 1962, which Lerner says was challenged by a \"flash crash\" and \"deteriorating investor confidence.\"Lerner doesn't see a recession in the cards for 2022, but acknowledges that it's likely stocks have more modest gains after a banner 2021.\"History is only a guide and should be used alongside other factors, such as the business cycle and fundamentals. Still, the studies reviewed on performance following years with robust market gains, strong price momentum, and shallow pullbacks lend further support to our base case outlook for 2022. That is, we still favor stocks and expect the bull market to extend, though at a much more modest pace relative to 2021. The data also suggest investors should anticipate more normal and deeper corrections relative to the unusually shallow pullbacks seen over the past year. Thus, we remain positive yet realistic entering the new year,\" Lerner explains.Another up year for stocks on tap?TruistTo be sure, the market enters 2022 with considerable momentum that go a long way to nailing down a positive year ahead.The S&P 500 notched its 70th record close of the year on Wednesday. As Yahoo Finance's Alexandra Semenova points out, the S&P 500 recorded a new all-time high every month this year. That makes 2021 among the best years ever for investors.Meanwhile, well-known companies such as Apple, Home Depot, McDonald's, Coca-Cola and Procter & Gamble continue to hover around record highs.\"We encourage our clients not to get out, to stay in the market. When the recoveries hit, when the sentiment changes, it happens so quickly that often by the time you're able to get back into the market, you have already missed out,\" said Erin Gibbs, Main Street Asset Management chief investment officer, on Yahoo Finance Live.","news_type":1},"isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":807917805,"gmtCreate":1627996408307,"gmtModify":1631886255535,"author":{"id":"3586434896339890","authorId":"3586434896339890","name":"Nkx","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"[真香] ","listText":"[真香] ","text":"[真香]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/807917805","repostId":"1181078046","repostType":4,"isVote":1,"tweetType":1,"viewCount":501,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}
