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2021-08-08

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2021-07-26

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3 Tech Stocks to Buy While They Are on Sale

2021-07-17

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2021-07-17

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Monmouth Real Estate Investment Corporation Announces Receipt of Amendment to Unsolicited Acquisition Proposal

2021-08-18

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SoFi Technologies: Why The Market Got It All Wrong

2021-07-28

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Apple Stock Is Under Pressure. There’s a Silver Lining.

2021-07-14

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Democrats Strike Deal On $3.5 Trillion "Human Infrastructure" Package

2021-08-01

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2021-07-26

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Is Disney World Going Back to Masks Again?

2021-07-16

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One Bank's Non-Transitory Inflation Meter Just Exploded

2021-06-30

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2021-08-21

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Is Moderna (MRNA) COVID-19 Jab Heart Risk More Than Pfizer's?

2021-08-11

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Now Climate Activists Want BHP to Keep Hold of Its Fossil Fuels

2021-08-09

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2021-08-07

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Tencent sued by the Haidian District Procuratorate

2021-08-04

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2021-07-25

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2021-07-20

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EV stocks rally in premarket trading

2021-07-19

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Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World

2021-08-23

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Where's the price of Bitcoin going? Money supply growth may give a clue

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Money supply growth may give a clue","url":"https://stock-news.laohu8.com/highlight/detail?id=1124774000","media":"seekingalpha","summary":"It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, b","content":"<ul>\n <li>It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, but historical data seems to suggest that money that is being circulated throughout the U.S. economy serves as an indicator for what the direction for the price of Bitcoin (BTC-USD) will be based on historical data.</li>\n <li>The relationship between U.S. M2 money supply (a broad measure of cash and time deposits held by the public)&nbsp;and Bitcoin (BTC-USD) is more intact one would expect, however;</li>\n <li>Bitcoin (BTC-USD) has been diverging from the deceleration in money supply since it recovered to $47.5K on Friday, from $30K in end-July.</li>\n <li>Still, as M2 growth continues to fade, historical trends suggest that the largest cryptocurrency has plentiful downside price risk ahead.</li>\n <li>M2 money supply Y/Y growth rate peaked at 27.2% in mid-February, just about two months before Bitcoin (BTC-USD) peaked at $65.5K in mid-April.</li>\n <li>This compares to an M2 growth rate of 11.82% as of July 5 of this year. Prior to the pandemic, M2 was growing at a mere 6%-7% annualized rate.</li>\n <li>Despite Bitcoin's (BTC-USD) recent rally, digital asset investment products saw a sixth consecutive week of outflows for the week ended Aug. 13, the longest run of consecutive outflows since January 2018, CoinShares Investment Strategist James Butterfill writes in ablog.</li>\n <li>Investment product volumes are at $3.1B per week, compared with $7B in May, Butterfill notes.</li>\n <li>Another risk that impacts digital asset flows other than typical seasonal effects is regulatory intervention such as the provision in the U.S. infrastructure bill, which requires brokers of digital assets toreport gains from trading to the Internal Revenue Service.</li>\n <li>For the week ended Aug. 13, hedge funds continue to cut their net short positions in Bitcoin to an 11-week low, Hedgopia writes in atweet. Net shorts are still elevated but down from its peak in mid-June, implying additional downside risk for BTC.</li>\n <li><b>Digging deeper into the liquidity trap:</b></li>\n <li>Although money supply continues to reach new record highs, it is doing so at a less rapid pace, however, the Y/Y growth rate of the velocity of M2 money supply (a measure of how much GDP is generated per dollar of M2 money supply) is above pre-pandemic levels.<img src=\"https://static.tigerbbs.com/7322b4c9a965d71f93cb5325ebfda50a\" tg-width=\"1168\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></li>\n <li>Still, money velocity remains near historical lows as dollars are trapped in financial assets, which does not contribute to productivity growth since dollars aren't being circulated throughout the economy.</li>\n <li>Large scale government transfers and quantitative easing both contribute to the rising money supply, which then triggers diminishing gains in GDP output but triggers asset price inflation throughout financial markets.</li>\n <li>In response to fiscal and monetary policy, money velocity has crashed to levels not seen since World War II.&nbsp;<img src=\"https://static.tigerbbs.com/9687d8fcebb51981a19cde89ad49eef1\" tg-width=\"1168\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></li>\n <li>Bitcoin (BTC-USD) is clearly the centerpiece for the crypto market as it recently reached a $2T market capitalization. Since the $2T can be converted into fiat currency, Bitcoin (BTC-USD) may represent a broad measure of money just like M2 money supply but at asmaller scale.</li>\n <li>As of June, there was $20.4T in M2 money stock. The growth in M2 from February 2020 to May 2020 was much larger than in the period fromJune 2020 to currently. Bitcoin (BTC-USD) also rose in those time periods.</li>\n <li>Earlier this week, Michael Saylor says Bitcoin (BTC-USD) will be a$100T asset class that everybody needs.</li>\n <li>In June, El Salvador to make Bitcoin (BTC-USD)legal tender.</li>\n</ul>","source":"seekingalpha","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>Where's the price of Bitcoin going? Money supply growth may give a clue</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\">\nWhere's the price of Bitcoin going? Money supply growth may give a clue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-23 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3732415-liquidity-shortage-calls-for-lower-bitcoin-price><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, but historical data seems to suggest that money that is being circulated throughout the U.S. economy ...</p>\n\n<a href=\"https://seekingalpha.com/news/3732415-liquidity-shortage-calls-for-lower-bitcoin-price\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/news/3732415-liquidity-shortage-calls-for-lower-bitcoin-price","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1124774000","content_text":"It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, but historical data seems to suggest that money that is being circulated throughout the U.S. economy serves as an indicator for what the direction for the price of Bitcoin (BTC-USD) will be based on historical data.\nThe relationship between U.S. M2 money supply (a broad measure of cash and time deposits held by the public) and Bitcoin (BTC-USD) is more intact one would expect, however;\nBitcoin (BTC-USD) has been diverging from the deceleration in money supply since it recovered to $47.5K on Friday, from $30K in end-July.\nStill, as M2 growth continues to fade, historical trends suggest that the largest cryptocurrency has plentiful downside price risk ahead.\nM2 money supply Y/Y growth rate peaked at 27.2% in mid-February, just about two months before Bitcoin (BTC-USD) peaked at $65.5K in mid-April.\nThis compares to an M2 growth rate of 11.82% as of July 5 of this year. Prior to the pandemic, M2 was growing at a mere 6%-7% annualized rate.\nDespite Bitcoin's (BTC-USD) recent rally, digital asset investment products saw a sixth consecutive week of outflows for the week ended Aug. 13, the longest run of consecutive outflows since January 2018, CoinShares Investment Strategist James Butterfill writes in ablog.\nInvestment product volumes are at $3.1B per week, compared with $7B in May, Butterfill notes.\nAnother risk that impacts digital asset flows other than typical seasonal effects is regulatory intervention such as the provision in the U.S. infrastructure bill, which requires brokers of digital assets toreport gains from trading to the Internal Revenue Service.\nFor the week ended Aug. 13, hedge funds continue to cut their net short positions in Bitcoin to an 11-week low, Hedgopia writes in atweet. Net shorts are still elevated but down from its peak in mid-June, implying additional downside risk for BTC.\nDigging deeper into the liquidity trap:\nAlthough money supply continues to reach new record highs, it is doing so at a less rapid pace, however, the Y/Y growth rate of the velocity of M2 money supply (a measure of how much GDP is generated per dollar of M2 money supply) is above pre-pandemic levels.\nStill, money velocity remains near historical lows as dollars are trapped in financial assets, which does not contribute to productivity growth since dollars aren't being circulated throughout the economy.\nLarge scale government transfers and quantitative easing both contribute to the rising money supply, which then triggers diminishing gains in GDP output but triggers asset price inflation throughout financial markets.\nIn response to fiscal and monetary policy, money velocity has crashed to levels not seen since World War II. \nBitcoin (BTC-USD) is clearly the centerpiece for the crypto market as it recently reached a $2T market capitalization. Since the $2T can be converted into fiat currency, Bitcoin (BTC-USD) may represent a broad measure of money just like M2 money supply but at asmaller scale.\nAs of June, there was $20.4T in M2 money stock. The growth in M2 from February 2020 to May 2020 was much larger than in the period fromJune 2020 to currently. Bitcoin (BTC-USD) also rose in those time periods.\nEarlier this week, Michael Saylor says Bitcoin (BTC-USD) will be a$100T asset class that everybody needs.\nIn June, El Salvador to make Bitcoin (BTC-USD)legal tender.","news_type":1},"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836670580,"gmtCreate":1629484118940,"gmtModify":1633684521305,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836670580","repostId":"2160710721","repostType":4,"repost":{"id":"2160710721","kind":"news","pubTimestamp":1629473265,"share":"https://www.laohu8.com/m/news/2160710721?lang=&edition=full","pubTime":"2021-08-20 23:27","market":"us","language":"en","title":"Is Moderna (MRNA) COVID-19 Jab Heart Risk More Than Pfizer's?","url":"https://stock-news.laohu8.com/highlight/detail?id=2160710721","media":"Zacks","summary":"Moderna’s MRNA mRNA-based COVID-19 vaccine, mRNA-1273 is being investigated by the FDA and the U.S. ","content":"<p><b>Moderna</b>’s MRNA mRNA-based COVID-19 vaccine, mRNA-1273 is being investigated by the FDA and the U.S. Centers for Disease Control and Prevention (CDC) for higher risk of myocarditis, a rare condition of heart inflammation, in younger adults per a <a href=\"https://laohu8.com/S/WASH\">Washington</a> <a href=\"https://laohu8.com/S/POST\">Post</a> article. The article implies that the risk of myocarditis following inoculation with mRNA-1273 can be more than previously thought and is also higher than <b><a href=\"https://laohu8.com/S/PFE\">Pfizer</a></b>/<b><a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a></b>’s mRNA-based vaccine, BNT162b.</p>\n<p>Per the same <a href=\"https://laohu8.com/S/WRE\">Washington</a> Post article, the claims of higher risk of myocarditis, especially for males below the age of 30 or so, following Moderna’s jab are majorly based on data from Canada. The same data suggests that vaccination with mRNA-1273 may increase the risk of incidence of myocarditis by 2.5-fold compared to BNT162b. U.S. health officials are currently reviewing the data as well as data generated in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States for a possible link to higher risk of heart inflammation. The report stated that the officials believe it is too early to conclude and issue any kind of new or revised warning or recommendation for mRNA-1273.</p>\n<p>We note that Pfizer’s BNT162b is already leading the vaccination race with $11.3 billion sales in the first half of 2021 compared to nearly $6 billion of sales from mRNA-1273. Moreover, the anticipated sales for 2021 for BNT162b and mRNA-1273 stands at $33.5 billion and approximately $19.2 billion, respectively.</p>\n<p>Meanwhile, U.S. health officials have decided to start providing booster doses to the country’s citizens beginning in the first week of fall that will start on Sep 20. Amid rising support for booster doses for better protection against the Delta variant, the potential link to higher risk of heart inflammation may hurt demand for Moderna’s mRNA-1273, pushing it further back in the competition. Moreover, a few new COVID-19 vaccines may enter the U.S. markets this year, which will result in increased competition.</p>\n<p>Shares of Moderna fell 5.8% on Aug 19, following the reports on probe for higher risk of heart inflammation. The company’s shares have surged 259.4% so far this year against the industry’s decrease of 0.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/01ae6084260e85bc39bcd6d72d8d9ae0\" tg-width=\"620\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p>\n<p>Image Source: Zacks Investment Research</p>\n<p>We note that the CDC concluded earlier in June that there is a “likely association” between mRNA-based COVID-19 vaccines and increased cases of heart inflammation, including myocarditis and pericarditis, in adolescents and younger adults. Heart inflammation was reported after the first dose of mRNA-1273 and BNT162b in a small proportion of individuals,which increased further following the second dose. However, similar inflammation cases were not reported following vaccination with <b>J&amp;J</b>’s JNJ adenovirus-based COVID-19 vaccine. Following the investigation, the labels of both mRNA-based vaccines were updated to include a warning label for increased risk of myocarditis.</p>\n<p>Meanwhile, the United States is not the only country to probe various risks with possible links to mRNA-based COVID-19 vaccines. Earlier this month, the European Medicines Agency initiated an investigation to study three new conditions found in a small proportion of individuals receiving mRNA-based vaccination.&nbsp;The individuals immunized with an mRNA-based vaccine reported that they developed either erythema multiforme (allergic skin reaction), glomerulonephritis (kidney inflammation) and/or nephrotic syndrome (renal disorder).</p>\n<h3><a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> Price</h3>\n<p><img src=\"https://static.tigerbbs.com/33512fafdd460236be3b7bc6e113462a\" tg-width=\"545\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p>\n<p><a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> price | Moderna, Inc. Quote</p>","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>Is Moderna (MRNA) COVID-19 Jab Heart Risk More Than Pfizer's?</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\">\nIs Moderna (MRNA) COVID-19 Jab Heart Risk More Than Pfizer's?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-20 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/moderna-mrna-covid-19-jab-131601604.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Moderna’s MRNA mRNA-based COVID-19 vaccine, mRNA-1273 is being investigated by the FDA and the U.S. Centers for Disease Control and Prevention (CDC) for higher risk of myocarditis, a rare condition of...</p>\n\n<a href=\"https://finance.yahoo.com/news/moderna-mrna-covid-19-jab-131601604.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","MRNA":"Moderna, Inc."},"source_url":"https://finance.yahoo.com/news/moderna-mrna-covid-19-jab-131601604.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2160710721","content_text":"Moderna’s MRNA mRNA-based COVID-19 vaccine, mRNA-1273 is being investigated by the FDA and the U.S. Centers for Disease Control and Prevention (CDC) for higher risk of myocarditis, a rare condition of heart inflammation, in younger adults per a Washington Post article. The article implies that the risk of myocarditis following inoculation with mRNA-1273 can be more than previously thought and is also higher than Pfizer/BioNTech SE’s mRNA-based vaccine, BNT162b.\nPer the same Washington Post article, the claims of higher risk of myocarditis, especially for males below the age of 30 or so, following Moderna’s jab are majorly based on data from Canada. The same data suggests that vaccination with mRNA-1273 may increase the risk of incidence of myocarditis by 2.5-fold compared to BNT162b. U.S. health officials are currently reviewing the data as well as data generated in the United States for a possible link to higher risk of heart inflammation. The report stated that the officials believe it is too early to conclude and issue any kind of new or revised warning or recommendation for mRNA-1273.\nWe note that Pfizer’s BNT162b is already leading the vaccination race with $11.3 billion sales in the first half of 2021 compared to nearly $6 billion of sales from mRNA-1273. Moreover, the anticipated sales for 2021 for BNT162b and mRNA-1273 stands at $33.5 billion and approximately $19.2 billion, respectively.\nMeanwhile, U.S. health officials have decided to start providing booster doses to the country’s citizens beginning in the first week of fall that will start on Sep 20. Amid rising support for booster doses for better protection against the Delta variant, the potential link to higher risk of heart inflammation may hurt demand for Moderna’s mRNA-1273, pushing it further back in the competition. Moreover, a few new COVID-19 vaccines may enter the U.S. markets this year, which will result in increased competition.\nShares of Moderna fell 5.8% on Aug 19, following the reports on probe for higher risk of heart inflammation. The company’s shares have surged 259.4% so far this year against the industry’s decrease of 0.3%.\n\nImage Source: Zacks Investment Research\nWe note that the CDC concluded earlier in June that there is a “likely association” between mRNA-based COVID-19 vaccines and increased cases of heart inflammation, including myocarditis and pericarditis, in adolescents and younger adults. Heart inflammation was reported after the first dose of mRNA-1273 and BNT162b in a small proportion of individuals,which increased further following the second dose. However, similar inflammation cases were not reported following vaccination with J&J’s JNJ adenovirus-based COVID-19 vaccine. Following the investigation, the labels of both mRNA-based vaccines were updated to include a warning label for increased risk of myocarditis.\nMeanwhile, the United States is not the only country to probe various risks with possible links to mRNA-based COVID-19 vaccines. Earlier this month, the European Medicines Agency initiated an investigation to study three new conditions found in a small proportion of individuals receiving mRNA-based vaccination. The individuals immunized with an mRNA-based vaccine reported that they developed either erythema multiforme (allergic skin reaction), glomerulonephritis (kidney inflammation) and/or nephrotic syndrome (renal disorder).\nModerna, Inc. Price\n\nModerna, Inc. price | Moderna, Inc. Quote","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831579178,"gmtCreate":1629337757994,"gmtModify":1633685579555,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/831579178","repostId":"1137731189","repostType":4,"isVote":1,"tweetType":1,"viewCount":169,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833420719,"gmtCreate":1629256526631,"gmtModify":1633686167401,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/833420719","repostId":"1181607588","repostType":4,"repost":{"id":"1181607588","kind":"news","pubTimestamp":1629256236,"share":"https://www.laohu8.com/m/news/1181607588?lang=&edition=full","pubTime":"2021-08-18 11:10","market":"us","language":"en","title":"SoFi Technologies: Why The Market Got It All Wrong","url":"https://stock-news.laohu8.com/highlight/detail?id=1181607588","media":"seekingalpha","summary":"Summary\n\nSoFi just reported strong Q2 2021 financial results with accelerating growth across its usa","content":"<p><b>Summary</b></p>\n<ul>\n <li>SoFi just reported strong Q2 2021 financial results with accelerating growth across its usage metrics, most of which grew by &gt;100%.</li>\n <li>Adjusted revenue for the quarter climbed 74% YoY and was based on a diverse revenue mix from SoFi’s three core business segments.</li>\n <li>However, investors got spooked by a net loss of &gt;$150 million for the quarter and a muted guidance for H2 2021.</li>\n <li>Management made it clear that net loss was impacted by a deferred tax liability from Galileo, while guidance was reiterated despite a $40M headwind from the CARES Act prolongation.</li>\n <li>SoFi is diversifying its business and makes significant progress in terms of multi-product adoption, which will be key for future growth. The 15% drop in shares is a clear overreaction.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe3e6f7bf5e8cff3ceb162bee495437a\" tg-width=\"1536\" tg-height=\"910\" width=\"100%\" height=\"auto\"><span>ipopba/iStock via Getty Images</span></p>\n<p><b>Summary</b></p>\n<p>SoFi Technologies (SOFI) is a fintech company that offers a multitude of digital financial services to customers under its three key business segments, i.e.:</p>\n<p>1) Lending, which includes personal, home, and student loans;</p>\n<p>2) Financial Services, including savings, spending, investment accounts, as well as various debit and credit card services;</p>\n<p>3) Financial technology, which primarily consists of Galileo, a market-leading financial technology infrastructure provider thatSoFi acquired in May 2020.</p>\n<p>The company aims to become a one-stop-shop for digital financial services and is well on its way to do so.</p>\n<p>SoFi just reported its first set of financial results since becoming a public company, and results were quite strong for the Q2 2021 quarter:</p>\n<ul>\n <li>The company showed accelerating growth across its usage metrics, most of which grew by &gt;100%;</li>\n <li>Revenues also grew triple-digits at 101% year over year (YoY) to $231.3 million, while adjusted net revenue for the quarter climbed 74% YoY and came in well above guidance of between 58 to 61% YoY growth;</li>\n <li>Growth in members and products accelerated as well, all growing by triple-digit percentages, and marking the 8th consecutive quarter of accelerating YoY growth in total members forSoFi.</li>\n <li>In addition, the company generated $61 million of positive EBITDA over the past 12 months, a significant improvement from the $149 million of losses experienced for the full year of 2019.</li>\n</ul>\n<p>But these numbers were not enough to satisfy investor appetite. In fact, investors rushed out of the stock and shares ofSoFi plunged as much as 15% after the release of results. The stock is now down around -37% over the past 6 months at a market capitalization of around $12 billion.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3534b25722128f58c73322ad0b9b2001\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>Seemingly, most of the negative reaction to the Q2 results was based on the fact that the company's net loss increased significantly during the quarter. In addition, the company issued guidance for the second half of 2021 that was&nbsp;below what analysts had predicted.</p>\n<p>We believe the market's reaction toSoFi's numbers is well overblown as both factors, the net loss, as well as the guidance can be attributed to one-time impacts or non-cash items, which we'll explain in more detail below.SoFi's CEO Anthony Noto made it clear on the conference call that the company is accelerating its business across almost every metric. And while it may take some time for investors to understandSoFi's competitive advantage and growth runway, we believe that at current levelsSoFi shares are way oversold.</p>\n<p>This article won't focus on a detailed description of the business, but will highlight the most recent financial results. For a deep-dive into the company's business model, opportunities and risks, go visit&nbsp;our previous article&nbsp;on SoFi.</p>\n<p><b>The Numbers</b></p>\n<p>SoFi reported very strong Q2 financial results:</p>\n<p>Adjusted Revenue for the quarter climbed 74% YoY, way above management's initial guidance of between 58 to 61% growth, and well above analyst expectations. Furthermore, the company had another quarter of positive EBITDA, which reached $11 million for the quarter, up $35 million YoY from negative ($24) million in Q2 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2326005d2400bf2a6257b4b187d2bc8\" tg-width=\"640\" tg-height=\"284\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>On an annualized basis,SoFi achieved to bring in $852 million in adjusted net revenue and $61 million in adjusted EBITDA, despite some one-time headwinds in the quarter and alongside aggressive investments in the future growth of the company.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dad9c230f84bb4059516cd54c4a45f45\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>Most importantly, activity onSoFi's platform is accelerating across all areas.SoFi reported the 8th consecutive quarter of accelerating YoY growth for their total members, which reached 2.56 million for the quarter, up from 1.2 million in the Q2 2020 quarter (representing growth of 113%), and up 12% sequentially from Q1.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fb7e3b27b52cca163a823c883e4af0a\" tg-width=\"640\" tg-height=\"304\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>The quarter also showed continued accelerating YoY growth in Products, which were up 123% to reach 3.7 million.SoFi added more than +2 million products on a YoY comparison, representing 123% YoY growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/024d45093cab2fb40cba8ab7d9bd4744\" tg-width=\"640\" tg-height=\"297\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>Galileo, their financial technology platform, reached 79 million accounts, up from 36 million, representing growth of 119% in the quarter as the company added 42.9 million new accounts to their financial technology offering.</p>\n<p>Galileo now posted greater than 100% YoY growth for the last four quarters for Galileo. The platform is a key cornerstone forSoFi's future growth and the fact that they are growing triple-digits and, for the first time, crossed $100 billion of annualized payment volume in July, shows that the business not only has significant scale already but also has a real competitive advantage as reflected by the YoY growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1b72ef771e256023ab2cc56f48f9a10\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>Lastly,SoFi's business is diversifying in a significant way. Overall member growth for the business was driven by significant expansion in the Financial Services segment, withSoFi Invest andSoFi Money more than tripling the number of Financial Services segment products, to nearly 2.7 million, up from approximately 783,000 vs. Q2 2020. In the most recent quarter Financial Services segment products were nearly three times the number of Lending Products which shows how strongly the business is diversifying away from its initial lending arm (notwithstanding that loan originations still increased by a very strong 66% YoY). The 3x greater scale supported to drive a 1.7x increase in the number of products that were cross-bought by members already active on the platform in comparison to Q2 2020, as noted by the CEO during the conference call.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd0fb00ddf2b10ee7226b966df927eb7\" tg-width=\"640\" tg-height=\"271\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p><b>The Number That Spooked Investors</b></p>\n<p>The one thing that let many investors to sell the stock ofSoFi after the earnings report was that the company reported a significant net loss of $165.3 million compared to a still positive net income of $7.8 million in the prior year quarter. However, as the company&nbsp;explained during the conference call, this was largely due to a one-time item in relation to the business combination with Galileo, as well as non-cash items like stock-based compensation (SBC):</p>\n<blockquote>\n We remeasured our valuation allowance during 2020 as a result of the deferred tax liabilities recognized in connection with our acquisition of Galileo, which decreased the valuation allowance by $99.8 million. The absence of that tax benefit, together with significant non-cash stock-based compensation expenses and fair value changes in warrants primarily related to the fair market value ofSoFi stock, were the largest contributors to the current period net loss.\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae29dddc9bc00f8fa31eb7cbee8ca3d5\" tg-width=\"640\" tg-height=\"219\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>In addition to management's remarks, investors should take a closer look atSoFi's income statement, where it becomes clearer what drove the net loss. The&nbsp;SEC filing&nbsp;shows that management's cost management is actually very prudent as non-interest expenses, including investments into technology and products, sales and marketing, as well as operating costs only increased by 45%, 48%, 46% respectively which is much lower than the company's +74% revenue growth. Only general and administrative expenses more than tripled during the quarter. Digging deeper into the SEC filing reveals that the big chunk of G&amp;A expenses came from aforementioned $99.8 million in deferred tax liabilities as a result of the acquisition of Galileo, and stock-based compensation as a result of being a public company (see items marked below).</p>\n<p><img src=\"https://static.tigerbbs.com/1d9473db3f6390b5bfb72b27246d0601\" tg-width=\"640\" tg-height=\"409\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0113b16a7131123dee0e6ebaf065ebb\" tg-width=\"640\" tg-height=\"215\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>If you exclude the one-time item of deferred tax liabilities of $99.8 million, and adjust for three months of SBC with around half of the previous six months SBC expense, thenSoFi's net loss would have only been around negative $(20) million for the quarter (note that this is based on the author's rough estimates and should not be regarded as an accurate reflection of the actual numbers).</p>\n<p>With that back-of-the-envelope calculation in mind, we are not particularly worried about the net loss that was reported for the quarter relative to the strong top-line growth thatSoFi reported.SoFi's numbers clearly indicate that the business is accelerating in growth, diversifying its services rapidly, while we see cross-selling activity ramping up within its customer-base which should provide some important efficiency gains in the future in terms of reduced customer acquisition costs and improved margins. This aspect becomes much clearer when we also take a look at the results from the individual business segments and the respective contribution profit metrics:</p>\n<p><b>1) Lending Segment</b>-SoFi generated adjusted net revenue of $172 million, growing 47% YoY, with a contribution profit of $89 million. The increase was largely driven by personal loan originations, which grew by 188% YoY. In addition, contribution profit (marked below) increased by 80% YoY and respective margins improved to 52% compared to a 42% margin in the prior year quarter - and that was alongside an incremental increase of investment into the business of +$15.3 million for the quarter. Margin improvement was driven by operating efficiencies (e.g. more than 50% of personal loans were fully automated vs. less than 30% one year ago) alongside prudent spending in marketing that has brought cost per funded loan down.</p>\n<p>SoFi highlighted in the conference call that growth in this segment was achieved despite noticeable headwinds in the student loans business from the government's CARES-act prolongation, with $859 million in origination volume in the quarter representing less than half of pre-CARES levels.</p>\n<p><img src=\"https://static.tigerbbs.com/cf0b085e6372cd1774f4feac9ca4e2d0\" tg-width=\"640\" tg-height=\"289\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/3c4af0c2068e800edbbe1728761f863b\" tg-width=\"640\" tg-height=\"165\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15729a0e43c025e7ab40d6017ff0f259\" tg-width=\"640\" tg-height=\"148\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p><b>2) Financial Services Segment</b>- net revenue for this segment for the 2nd quarter reached $17.0 million vs. $2.4 million in Q2 2020, representing growth of a mind-blowing 602% YoY. With a 6x growth rate there is not much doubt that the business is successfully attracting customers, while making significant progress also in terms of cross-selling and multi-product-adoption, which will be an important aspect in reducing customer acquisition costs and driving higher lifetime value per customer. Another important aspect is that the incremental YoY revenue increase is offsetting the increased costs attributable to the segment, which was a $8.5 million YoY increase in expenses vs. a $14.6 million increase in revenue vs. Q2 2020, resulting in an improved contribution metric where losses decreased by 20% YoY.</p>\n<p>The Financial Services Segment also showed strong product growth across all offerings as total products in this segment grew by 243% YoY.SoFi doesn't rest on its laurels as the company has just launched a new equity capital markets and advisory business in the second quarter, which will be interesting to watch.</p>\n<p><img src=\"https://static.tigerbbs.com/0049b49eeb97244d71a3c9e5e580b1bb\" tg-width=\"640\" tg-height=\"147\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72aecb1a11aaee4636651095b20bd195\" tg-width=\"640\" tg-height=\"181\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p><b>3) Technology Platform</b>- this segment primarily reports results fromSoFi's financial technology offering Galileo, which saw total net revenue increase by 138% YoY reaching $45.3 million vs. $19 million in the prior year quarter. Total Galileo accounts reached 79 million accounts, up from 36 million, representing growth of 119% in the quarter. Galileo also just crossed $100 billion of annualized payment volume in July as noted during the&nbsp;conference call.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c567a3c581104d33cb959ebe63c33606\" tg-width=\"640\" tg-height=\"148\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>SoFi is aggressively investing to position Galileo for strong future growth, e.g. by moving operations from on-premise to the cloud, while nearly doubling its headcount and expanding into new geographies. Management mentioned that they are nearing completion of building out a new cloud computing environment for Galileo which is supposed to replace the on premises environment, including the preparation of migrating existing clients to the cloud in Q3. While this contributed to a significant increase in expenses and impacted the resulting contribution profit for this segment,SoFi was still able to show YoY growth in contribution profit of 8%. It is important to see that management is pursuing all efforts to continue to accelerate growth in one of their key differentiating business segments, which Galileo clearly represents. What Amazon did for retail or the cloud with pioneering its AWS offering, could be replicated through Galileo as they are on track to position it as the leading financial technology offering and backbone to the global financial technology industry.</p>\n<p><b>Management Guidance</b></p>\n<p>For the third quarter of 2021SoFi's management expects adjusted net revenue of $245 million to $255 million, representing only around 15% growth vs. the prior year quarter, which is markedly lower than the $270.2M&nbsp;average estimate from two analysts. Adjusted EBITDA is expected to come in between negative $(7) million to positive $3 million. The expected top-line growth seems to be quite conservative but has surprised many investors who expected much higher growth rates, especially afterSoFi just reported a +74% growth in the most recent quarter.</p>\n<p>While the guidance was a significant factor contributing to the sell-off inSoFi's shares, we believe that investors shouldn't put too much focus on the headlines of „missed\" guidance. The fact thatSoFi is sticking to its initial guidance of adjusted net revenue of $980 million and adjusted EBITDA of positive $27 million is the most important take-away.<b>Management was able to reiterate its guidance despite a significant negative expected planning impact on student loan refinancing revenues of negative $40M following the government's extension of the CARES Act moratorium</b>&nbsp;on student loan payments from Sept. 30, 2021 to Jan. 31, 2022. The company now expects a rebound in the student loan refinancing business early next year while, so far, management had planned for the CARES Act to end on September 30 in its initial guidance. In addition, the company also expects a smaller negative impact from the reduced Technology Platform revenue estimate of $12 million based on the minority stake in APEX thatSoFi bought bac (contribution from the investment ended in January 2021).</p>\n<p>Even despite this significant $40 million negative revenue impact toSoFi's original guidance, plus the originally included $12 million of expected 2021 revenue from the equity investment in APEX, the company did not lower its guidance but was able to reassure investors that the other business segments can outweigh these headwinds, which is a strong validation ofSoFi's diversified business, which will enable the company to maneuver through even difficult periods that may affect one of its business segments from time to time.</p>\n<p>Lastly, management pointed out a clear cost management strategy relative to its growth prospects which should re-assure investors that at some point the company will be back to positive net income alongside robust topline growth:</p>\n<blockquote>\n ...we continue invest aggressively in our business to fuel compounding growth, while still delivering profitability to our shareholders. This combination is not easy, but we are committed to contributing around 30% of incremental revenue to the bottom line and reinvest the remaining 70% in bolstering our product innovation to drive decades of compounding growth. Even as we invest aggressively in technology, marketing and people, we continue to realize cost efficiencies, which is beginning to drive real operating leverage. By leveraging cross buying and better gaining realization and targeting we've reduced sales and marketing as a percentage of revenue and customer acquisition cost meaningfully year-over-year.\n</blockquote>\n<p>Lastly, investors were also keen to hear any updates on the anticipated Bank Charter thatSoFi is pursuing. CEO Anthony Noto mentioned during the conference call that the company is working closely with the Federal Reserve Bank and the OCC in a „constructive process\", but they also reiterated that there's not a definitive timeline to the process itself - so we are still waiting for an update on the bank charter. As previously reported,SoFi filed for a banking charter&nbsp;in July 2020.SoFi's career postings suggest they are building out senior management and teams for the much-anticipated banking division, includingrecent job postingsin compliance, software engineering or auditing.</p>\n<p><b>Conclusion</b></p>\n<p>There was a lot to like inSoFi's first quarterly report as a public company. We believe the sell-off in the company's shares is an overreaction. The muted guidance, or to put it more positively, the fact that management was able to reiterate its initial guidance for FY 2021 despite the significant negative $40 million impact from the prolongation of the CARES act as management no longer expects a tick-up in the student loan financing business in 2021, should actually be seen as a positive sign that the company's business is building up an important diversification of its business as the other business segments can compensate for these headwinds. While there is a risk that the government may continue to prolong the CARES act moratorium, which would negatively impactSoFi's student loan business, the company is now well diversified to outweigh any negative impact, and the set-up also creates some opportunity for upside surprises as we head into 2022, where the company now expects the tick-up in student loan refinancing to happen.</p>\n<p>In conclusion,SoFi is diversifying its business and is making significant progress in terms of cross-selling and multi-product-adoption amongst its customer base, which will be an important aspect in reducing customer acquisition costs, better margins and driving higher lifetime value per customer. We are encouraged to see how short-term headwinds are compensated by other fast-growing business segments. We remain long the stock.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Technologies: Why The Market Got It All Wrong</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\">\nSoFi Technologies: Why The Market Got It All Wrong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-18 11:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4450048-sofi-technologies-market-got-it-wrong><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSoFi just reported strong Q2 2021 financial results with accelerating growth across its usage metrics, most of which grew by >100%.\nAdjusted revenue for the quarter climbed 74% YoY and was ...</p>\n\n<a href=\"https://seekingalpha.com/article/4450048-sofi-technologies-market-got-it-wrong\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://seekingalpha.com/article/4450048-sofi-technologies-market-got-it-wrong","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181607588","content_text":"Summary\n\nSoFi just reported strong Q2 2021 financial results with accelerating growth across its usage metrics, most of which grew by >100%.\nAdjusted revenue for the quarter climbed 74% YoY and was based on a diverse revenue mix from SoFi’s three core business segments.\nHowever, investors got spooked by a net loss of >$150 million for the quarter and a muted guidance for H2 2021.\nManagement made it clear that net loss was impacted by a deferred tax liability from Galileo, while guidance was reiterated despite a $40M headwind from the CARES Act prolongation.\nSoFi is diversifying its business and makes significant progress in terms of multi-product adoption, which will be key for future growth. The 15% drop in shares is a clear overreaction.\n\nipopba/iStock via Getty Images\nSummary\nSoFi Technologies (SOFI) is a fintech company that offers a multitude of digital financial services to customers under its three key business segments, i.e.:\n1) Lending, which includes personal, home, and student loans;\n2) Financial Services, including savings, spending, investment accounts, as well as various debit and credit card services;\n3) Financial technology, which primarily consists of Galileo, a market-leading financial technology infrastructure provider thatSoFi acquired in May 2020.\nThe company aims to become a one-stop-shop for digital financial services and is well on its way to do so.\nSoFi just reported its first set of financial results since becoming a public company, and results were quite strong for the Q2 2021 quarter:\n\nThe company showed accelerating growth across its usage metrics, most of which grew by >100%;\nRevenues also grew triple-digits at 101% year over year (YoY) to $231.3 million, while adjusted net revenue for the quarter climbed 74% YoY and came in well above guidance of between 58 to 61% YoY growth;\nGrowth in members and products accelerated as well, all growing by triple-digit percentages, and marking the 8th consecutive quarter of accelerating YoY growth in total members forSoFi.\nIn addition, the company generated $61 million of positive EBITDA over the past 12 months, a significant improvement from the $149 million of losses experienced for the full year of 2019.\n\nBut these numbers were not enough to satisfy investor appetite. In fact, investors rushed out of the stock and shares ofSoFi plunged as much as 15% after the release of results. The stock is now down around -37% over the past 6 months at a market capitalization of around $12 billion.\nData by YCharts\nSeemingly, most of the negative reaction to the Q2 results was based on the fact that the company's net loss increased significantly during the quarter. In addition, the company issued guidance for the second half of 2021 that was below what analysts had predicted.\nWe believe the market's reaction toSoFi's numbers is well overblown as both factors, the net loss, as well as the guidance can be attributed to one-time impacts or non-cash items, which we'll explain in more detail below.SoFi's CEO Anthony Noto made it clear on the conference call that the company is accelerating its business across almost every metric. And while it may take some time for investors to understandSoFi's competitive advantage and growth runway, we believe that at current levelsSoFi shares are way oversold.\nThis article won't focus on a detailed description of the business, but will highlight the most recent financial results. For a deep-dive into the company's business model, opportunities and risks, go visit our previous article on SoFi.\nThe Numbers\nSoFi reported very strong Q2 financial results:\nAdjusted Revenue for the quarter climbed 74% YoY, way above management's initial guidance of between 58 to 61% growth, and well above analyst expectations. Furthermore, the company had another quarter of positive EBITDA, which reached $11 million for the quarter, up $35 million YoY from negative ($24) million in Q2 2020.\nSource:SoFi\nOn an annualized basis,SoFi achieved to bring in $852 million in adjusted net revenue and $61 million in adjusted EBITDA, despite some one-time headwinds in the quarter and alongside aggressive investments in the future growth of the company.\nSource:SoFi\nMost importantly, activity onSoFi's platform is accelerating across all areas.SoFi reported the 8th consecutive quarter of accelerating YoY growth for their total members, which reached 2.56 million for the quarter, up from 1.2 million in the Q2 2020 quarter (representing growth of 113%), and up 12% sequentially from Q1.\nSource:SoFi\nThe quarter also showed continued accelerating YoY growth in Products, which were up 123% to reach 3.7 million.SoFi added more than +2 million products on a YoY comparison, representing 123% YoY growth.\nSource:SoFi\nGalileo, their financial technology platform, reached 79 million accounts, up from 36 million, representing growth of 119% in the quarter as the company added 42.9 million new accounts to their financial technology offering.\nGalileo now posted greater than 100% YoY growth for the last four quarters for Galileo. The platform is a key cornerstone forSoFi's future growth and the fact that they are growing triple-digits and, for the first time, crossed $100 billion of annualized payment volume in July, shows that the business not only has significant scale already but also has a real competitive advantage as reflected by the YoY growth.\nSource:SoFi\nLastly,SoFi's business is diversifying in a significant way. Overall member growth for the business was driven by significant expansion in the Financial Services segment, withSoFi Invest andSoFi Money more than tripling the number of Financial Services segment products, to nearly 2.7 million, up from approximately 783,000 vs. Q2 2020. In the most recent quarter Financial Services segment products were nearly three times the number of Lending Products which shows how strongly the business is diversifying away from its initial lending arm (notwithstanding that loan originations still increased by a very strong 66% YoY). The 3x greater scale supported to drive a 1.7x increase in the number of products that were cross-bought by members already active on the platform in comparison to Q2 2020, as noted by the CEO during the conference call.\nSource:SoFi\nThe Number That Spooked Investors\nThe one thing that let many investors to sell the stock ofSoFi after the earnings report was that the company reported a significant net loss of $165.3 million compared to a still positive net income of $7.8 million in the prior year quarter. However, as the company explained during the conference call, this was largely due to a one-time item in relation to the business combination with Galileo, as well as non-cash items like stock-based compensation (SBC):\n\n We remeasured our valuation allowance during 2020 as a result of the deferred tax liabilities recognized in connection with our acquisition of Galileo, which decreased the valuation allowance by $99.8 million. The absence of that tax benefit, together with significant non-cash stock-based compensation expenses and fair value changes in warrants primarily related to the fair market value ofSoFi stock, were the largest contributors to the current period net loss.\n\nSource:SoFi\nIn addition to management's remarks, investors should take a closer look atSoFi's income statement, where it becomes clearer what drove the net loss. The SEC filing shows that management's cost management is actually very prudent as non-interest expenses, including investments into technology and products, sales and marketing, as well as operating costs only increased by 45%, 48%, 46% respectively which is much lower than the company's +74% revenue growth. Only general and administrative expenses more than tripled during the quarter. Digging deeper into the SEC filing reveals that the big chunk of G&A expenses came from aforementioned $99.8 million in deferred tax liabilities as a result of the acquisition of Galileo, and stock-based compensation as a result of being a public company (see items marked below).\n\nSource:SoFi\nIf you exclude the one-time item of deferred tax liabilities of $99.8 million, and adjust for three months of SBC with around half of the previous six months SBC expense, thenSoFi's net loss would have only been around negative $(20) million for the quarter (note that this is based on the author's rough estimates and should not be regarded as an accurate reflection of the actual numbers).\nWith that back-of-the-envelope calculation in mind, we are not particularly worried about the net loss that was reported for the quarter relative to the strong top-line growth thatSoFi reported.SoFi's numbers clearly indicate that the business is accelerating in growth, diversifying its services rapidly, while we see cross-selling activity ramping up within its customer-base which should provide some important efficiency gains in the future in terms of reduced customer acquisition costs and improved margins. This aspect becomes much clearer when we also take a look at the results from the individual business segments and the respective contribution profit metrics:\n1) Lending Segment-SoFi generated adjusted net revenue of $172 million, growing 47% YoY, with a contribution profit of $89 million. The increase was largely driven by personal loan originations, which grew by 188% YoY. In addition, contribution profit (marked below) increased by 80% YoY and respective margins improved to 52% compared to a 42% margin in the prior year quarter - and that was alongside an incremental increase of investment into the business of +$15.3 million for the quarter. Margin improvement was driven by operating efficiencies (e.g. more than 50% of personal loans were fully automated vs. less than 30% one year ago) alongside prudent spending in marketing that has brought cost per funded loan down.\nSoFi highlighted in the conference call that growth in this segment was achieved despite noticeable headwinds in the student loans business from the government's CARES-act prolongation, with $859 million in origination volume in the quarter representing less than half of pre-CARES levels.\n\n\nSource:SoFi\n2) Financial Services Segment- net revenue for this segment for the 2nd quarter reached $17.0 million vs. $2.4 million in Q2 2020, representing growth of a mind-blowing 602% YoY. With a 6x growth rate there is not much doubt that the business is successfully attracting customers, while making significant progress also in terms of cross-selling and multi-product-adoption, which will be an important aspect in reducing customer acquisition costs and driving higher lifetime value per customer. Another important aspect is that the incremental YoY revenue increase is offsetting the increased costs attributable to the segment, which was a $8.5 million YoY increase in expenses vs. a $14.6 million increase in revenue vs. Q2 2020, resulting in an improved contribution metric where losses decreased by 20% YoY.\nThe Financial Services Segment also showed strong product growth across all offerings as total products in this segment grew by 243% YoY.SoFi doesn't rest on its laurels as the company has just launched a new equity capital markets and advisory business in the second quarter, which will be interesting to watch.\n\nSource:SoFi\n3) Technology Platform- this segment primarily reports results fromSoFi's financial technology offering Galileo, which saw total net revenue increase by 138% YoY reaching $45.3 million vs. $19 million in the prior year quarter. Total Galileo accounts reached 79 million accounts, up from 36 million, representing growth of 119% in the quarter. Galileo also just crossed $100 billion of annualized payment volume in July as noted during the conference call.\nSource:SoFi\nSoFi is aggressively investing to position Galileo for strong future growth, e.g. by moving operations from on-premise to the cloud, while nearly doubling its headcount and expanding into new geographies. Management mentioned that they are nearing completion of building out a new cloud computing environment for Galileo which is supposed to replace the on premises environment, including the preparation of migrating existing clients to the cloud in Q3. While this contributed to a significant increase in expenses and impacted the resulting contribution profit for this segment,SoFi was still able to show YoY growth in contribution profit of 8%. It is important to see that management is pursuing all efforts to continue to accelerate growth in one of their key differentiating business segments, which Galileo clearly represents. What Amazon did for retail or the cloud with pioneering its AWS offering, could be replicated through Galileo as they are on track to position it as the leading financial technology offering and backbone to the global financial technology industry.\nManagement Guidance\nFor the third quarter of 2021SoFi's management expects adjusted net revenue of $245 million to $255 million, representing only around 15% growth vs. the prior year quarter, which is markedly lower than the $270.2M average estimate from two analysts. Adjusted EBITDA is expected to come in between negative $(7) million to positive $3 million. The expected top-line growth seems to be quite conservative but has surprised many investors who expected much higher growth rates, especially afterSoFi just reported a +74% growth in the most recent quarter.\nWhile the guidance was a significant factor contributing to the sell-off inSoFi's shares, we believe that investors shouldn't put too much focus on the headlines of „missed\" guidance. The fact thatSoFi is sticking to its initial guidance of adjusted net revenue of $980 million and adjusted EBITDA of positive $27 million is the most important take-away.Management was able to reiterate its guidance despite a significant negative expected planning impact on student loan refinancing revenues of negative $40M following the government's extension of the CARES Act moratorium on student loan payments from Sept. 30, 2021 to Jan. 31, 2022. The company now expects a rebound in the student loan refinancing business early next year while, so far, management had planned for the CARES Act to end on September 30 in its initial guidance. In addition, the company also expects a smaller negative impact from the reduced Technology Platform revenue estimate of $12 million based on the minority stake in APEX thatSoFi bought bac (contribution from the investment ended in January 2021).\nEven despite this significant $40 million negative revenue impact toSoFi's original guidance, plus the originally included $12 million of expected 2021 revenue from the equity investment in APEX, the company did not lower its guidance but was able to reassure investors that the other business segments can outweigh these headwinds, which is a strong validation ofSoFi's diversified business, which will enable the company to maneuver through even difficult periods that may affect one of its business segments from time to time.\nLastly, management pointed out a clear cost management strategy relative to its growth prospects which should re-assure investors that at some point the company will be back to positive net income alongside robust topline growth:\n\n ...we continue invest aggressively in our business to fuel compounding growth, while still delivering profitability to our shareholders. This combination is not easy, but we are committed to contributing around 30% of incremental revenue to the bottom line and reinvest the remaining 70% in bolstering our product innovation to drive decades of compounding growth. Even as we invest aggressively in technology, marketing and people, we continue to realize cost efficiencies, which is beginning to drive real operating leverage. By leveraging cross buying and better gaining realization and targeting we've reduced sales and marketing as a percentage of revenue and customer acquisition cost meaningfully year-over-year.\n\nLastly, investors were also keen to hear any updates on the anticipated Bank Charter thatSoFi is pursuing. CEO Anthony Noto mentioned during the conference call that the company is working closely with the Federal Reserve Bank and the OCC in a „constructive process\", but they also reiterated that there's not a definitive timeline to the process itself - so we are still waiting for an update on the bank charter. As previously reported,SoFi filed for a banking charter in July 2020.SoFi's career postings suggest they are building out senior management and teams for the much-anticipated banking division, includingrecent job postingsin compliance, software engineering or auditing.\nConclusion\nThere was a lot to like inSoFi's first quarterly report as a public company. We believe the sell-off in the company's shares is an overreaction. The muted guidance, or to put it more positively, the fact that management was able to reiterate its initial guidance for FY 2021 despite the significant negative $40 million impact from the prolongation of the CARES act as management no longer expects a tick-up in the student loan financing business in 2021, should actually be seen as a positive sign that the company's business is building up an important diversification of its business as the other business segments can compensate for these headwinds. While there is a risk that the government may continue to prolong the CARES act moratorium, which would negatively impactSoFi's student loan business, the company is now well diversified to outweigh any negative impact, and the set-up also creates some opportunity for upside surprises as we head into 2022, where the company now expects the tick-up in student loan refinancing to happen.\nIn conclusion,SoFi is diversifying its business and is making significant progress in terms of cross-selling and multi-product-adoption amongst its customer base, which will be an important aspect in reducing customer acquisition costs, better margins and driving higher lifetime value per customer. We are encouraged to see how short-term headwinds are compensated by other fast-growing business segments. We remain long the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894631193,"gmtCreate":1628820564412,"gmtModify":1633689210092,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/894631193","repostId":"1178005030","repostType":4,"repost":{"id":"1178005030","kind":"news","pubTimestamp":1628819923,"share":"https://www.laohu8.com/m/news/1178005030?lang=&edition=full","pubTime":"2021-08-13 09:58","market":"hk","language":"en","title":"Global M&A volumes hit new record in 2021, overtaking last year's haul","url":"https://stock-news.laohu8.com/highlight/detail?id=1178005030","media":"Nasdaq","summary":"By Patturaja Murugaboopathy and Gaurav Dogra\nAug 12 (Reuters)-Global merger and acquisition (M&A) ac","content":"<p>By Patturaja Murugaboopathy and Gaurav Dogra</p>\n<p>Aug 12 (Reuters)-Global merger and acquisition (M&amp;A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low interest rates and soaring stock prices.</p>\n<p>According to Refinitiv data, the total value of pending and completed deals announced in 2021 has already touched $3.6 trillion year-to-date, surpassing the full-year tally of $3.59 trillion in 2020.</p>\n<p>So far this year, 35,128 deals have been announced, a 24% jump over last year.</p>\n<p>\"The M&amp;A momentum points to a fundamentally strong market looking ahead. This pace of dealmaking could continue for the next 18-24 months, with new financing solutions and sectors driving activity,\" said Andrea Guerzoni, global vice chair at Ernst &amp; Young.</p>\n<p>\"The strong demand from private equity and the rebound in SPAC acquisitions .... should support a robust deal pipeline in the near to mid-term.”</p>\n<p>The United States alone accounted for $2.14 trillion worth of M&amp;A deals this year, while Europe and the Asia-Pacific raked in $657 billion and $620 billion, respectively.</p>\n<p>Matthew Barbieri, partner in charge at Wiss &amp; Company, said looming tax increases on capital transactions have boosted M&amp;A activity in the U.S.</p>\n<p>\"You as a seller are facing the fact that if you wait until the new tax legislation is passed, and if it does pass in the manner in which it is being presented now, you are taking a ~20% hit on your net transaction value,\" said Barbieri.</p>\n<p>The technology sector, which typically accounts for the majority of deal volume every quarter, continued to lead the way -- deals worth $799 billion were announced from the sector. Financial services M&amp;A volumes stood at $442 billion, while industrials accounted for $438 billion.</p>\n<p>Acquisitions by blank-check companies or SPACs (special-purpose acquisition companies) also hit a record $495 billion in the year-to-date period.</p>\n<p>SPACs are listed shell companies that raise funds to acquire a private company with the purpose of taking it public. Going public through a SPAC merger has emerged as an extremely popular route for venture-funded private companies and startups over the past 18 months, as such a process allows such companies to sidestep the more onerous regulatory checks of a traditional initial public offering (IPO).</p>\n<p>Analysts said dealmaking from large buyout firms and corporates, which have built up record levels of cash, would further bolster M&amp;A volumes in the near term.</p>\n<p>\"Private equity firms have nearly $2 trillion in dry powder and there is a similar amount of cash on the balance sheets of the S&amp;P 500. Combine the financial means to do deals with the need to readjust business models to the post-pandemic world, and you’ll find organizations increasingly interested in their M&amp;A options,\" said Jeff Black, partner at Mercer.</p>\n<p>The merger between AT&amp;T'sT.NWarner Media and DiscoveryDISCA.O, home to lifestyle TV networks such as HGTV and TLC, is the biggest deal of the year so far, with the enterprise value of the new combined company standing at more than $120 billion.</p>\n<p>The latest data from Refinitiv revealed that sectors which are still struggling from the pandemic, such as consumer retail and travel firms, have lagged other acquisitive sectors such as technology and healthcare on M&amp;A activity this year.</p>\n<p>The renewable energy sector has raked in about $18 billion worth of deals so far this year, more than twice the M&amp;A volume that was generated last year.</p>","source":"lsy1603171495471","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>Global M&A volumes hit new record in 2021, overtaking last year's haul</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\">\nGlobal M&A volumes hit new record in 2021, overtaking last year's haul\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-13 09:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/graphic-global-ma-volumes-hit-new-record-in-2021-overtaking-last-years-haul-2021-08-12><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Patturaja Murugaboopathy and Gaurav Dogra\nAug 12 (Reuters)-Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/graphic-global-ma-volumes-hit-new-record-in-2021-overtaking-last-years-haul-2021-08-12\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.nasdaq.com/articles/graphic-global-ma-volumes-hit-new-record-in-2021-overtaking-last-years-haul-2021-08-12","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178005030","content_text":"By Patturaja Murugaboopathy and Gaurav Dogra\nAug 12 (Reuters)-Global merger and acquisition (M&A) activity has breached new highs, building on the record-breaking dealmaking streak from the beginning of the year that has been aided by low interest rates and soaring stock prices.\nAccording to Refinitiv data, the total value of pending and completed deals announced in 2021 has already touched $3.6 trillion year-to-date, surpassing the full-year tally of $3.59 trillion in 2020.\nSo far this year, 35,128 deals have been announced, a 24% jump over last year.\n\"The M&A momentum points to a fundamentally strong market looking ahead. This pace of dealmaking could continue for the next 18-24 months, with new financing solutions and sectors driving activity,\" said Andrea Guerzoni, global vice chair at Ernst & Young.\n\"The strong demand from private equity and the rebound in SPAC acquisitions .... should support a robust deal pipeline in the near to mid-term.”\nThe United States alone accounted for $2.14 trillion worth of M&A deals this year, while Europe and the Asia-Pacific raked in $657 billion and $620 billion, respectively.\nMatthew Barbieri, partner in charge at Wiss & Company, said looming tax increases on capital transactions have boosted M&A activity in the U.S.\n\"You as a seller are facing the fact that if you wait until the new tax legislation is passed, and if it does pass in the manner in which it is being presented now, you are taking a ~20% hit on your net transaction value,\" said Barbieri.\nThe technology sector, which typically accounts for the majority of deal volume every quarter, continued to lead the way -- deals worth $799 billion were announced from the sector. Financial services M&A volumes stood at $442 billion, while industrials accounted for $438 billion.\nAcquisitions by blank-check companies or SPACs (special-purpose acquisition companies) also hit a record $495 billion in the year-to-date period.\nSPACs are listed shell companies that raise funds to acquire a private company with the purpose of taking it public. Going public through a SPAC merger has emerged as an extremely popular route for venture-funded private companies and startups over the past 18 months, as such a process allows such companies to sidestep the more onerous regulatory checks of a traditional initial public offering (IPO).\nAnalysts said dealmaking from large buyout firms and corporates, which have built up record levels of cash, would further bolster M&A volumes in the near term.\n\"Private equity firms have nearly $2 trillion in dry powder and there is a similar amount of cash on the balance sheets of the S&P 500. Combine the financial means to do deals with the need to readjust business models to the post-pandemic world, and you’ll find organizations increasingly interested in their M&A options,\" said Jeff Black, partner at Mercer.\nThe merger between AT&T'sT.NWarner Media and DiscoveryDISCA.O, home to lifestyle TV networks such as HGTV and TLC, is the biggest deal of the year so far, with the enterprise value of the new combined company standing at more than $120 billion.\nThe latest data from Refinitiv revealed that sectors which are still struggling from the pandemic, such as consumer retail and travel firms, have lagged other acquisitive sectors such as technology and healthcare on M&A activity this year.\nThe renewable energy sector has raked in about $18 billion worth of deals so far this year, more than twice the M&A volume that was generated last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895873838,"gmtCreate":1628735754624,"gmtModify":1633689886788,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895873838","repostId":"1155538846","repostType":4,"repost":{"id":"1155538846","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1628732272,"share":"https://www.laohu8.com/m/news/1155538846?lang=&edition=full","pubTime":"2021-08-12 09:37","market":"us","language":"en","title":"8 Best Growth Stocks For The Second Half Of 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1155538846","media":"Benzinga","summary":"Despite inflationary pressures and the possibility of a Fed interest rate hike in the offing, growth","content":"<p>Despite inflationary pressures and the possibility of a Fed interest rate hike in the offing, growth stocks have continued the momentum gained in 2020.</p>\n<p>All three major indices recorded double-digit gains in the first half of 2021. The Dow, S&amp;P 500 and Nasdaq added 12.7%, 14.4%&nbsp;and 12.5%, respectively,&nbsp;in the first six months of the year.</p>\n<p>Wall Street analysts widely expect the momentum to continue in the back half of 2021.</p>\n<p>The following are growth stocks that could perform well in the second half, in no particular order.</p>\n<h3><b>Alphabet</b></h3>\n<p><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> beat first- and second-quarter earnings estimates by a wide margin. While the continued shift by businesses to the cloud could boost the prospects of Google Cloud, the revival of travel and retail spending is likely to drive Google’s performance.</p>\n<p>Alphabet is also gearing up to launch new and innovative features to boost the Google TV app.</p>\n<h3><b>Apple</b></h3>\n<p>Semiconductor shortage aside,&nbsp;<a href=\"https://laohu8.com/S/AAPL\">Apple</a> has plenty of growth drivers. The company’s loyal user base could drive its next phase of growth. Apple has been aggressively monetizing its services with a 660-million subscriber base and recurring subscription revenues.</p>\n<h3><b>Microsoft</b></h3>\n<p>Despite&nbsp;<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> strong execution and blowout results, investor response has remained tepid year-to-date.</p>\n<p>The software giant launched its Windows 11 operating system in June, with a refreshed design, new features, and integration of its Teams videoconferencing app. Microsoft recently acquired&nbsp;<a href=\"https://laohu8.com/S/NUAN\">Nuance</a> to flex its muscles in the health caresector.</p>\n<h3><b>Pfizer</b></h3>\n<p>The COVID-19 vaccine is estimated to generate $26 billion in revenue&nbsp;for&nbsp;<a href=\"https://laohu8.com/S/PFE\">Pfizer</a> in 2021. The pharma giant also has contracts with governments worldwide to supply vaccines until 2024.</p>\n<p>Continued spread of the Delta variant of COVID-19 could keep market sentiment for Pfizer’s stock elevated.</p>\n<h3><b>Zoom Video Communications</b></h3>\n<p>Shares of&nbsp;<a href=\"https://laohu8.com/S/ZM\">Zoom</a> jumped 14.7% in the first half, with some important launches, including Zoom Events and Zoom Phone Appliances.</p>\n<p>“The control of internal and external communications should also better position Zoom to open the platform for application developers and create a marketplace. With a $5 billion cash position and 36% operating margins, we also believe Zoom has an attractive opportunity to do more potential M&amp;A, outspend competitors, and extend its leadership position,” Bank of America analyst Daniel Bartus said in a note to clients. The BofA analyst also named Zoom Video Communications a top pick.</p>\n<h3><b>Etsy</b></h3>\n<p><a href=\"https://laohu8.com/S/ETSY\">Etsy</a> is entering new markets, with the recent acquisition of Brazilian peer Elo7 and global fashion reseller Depop. The Depop acquisition positions the company well in the $558.7-billion online apparel market, which is projected to grow to $1.3 trillion by 2026.</p>\n<h3><b>PayPal Holdings</b></h3>\n<p>A global leader in the digital payments market,&nbsp;<a href=\"https://laohu8.com/S/PYPL\">PayPal</a> is accelerating its expansion strategies by venturing intocryptocurrencypayments, BNPL&nbsp;and cross-border payment systems.</p>\n<p>The company has diversified its revenue sources with Xoom and Venmo. Contactless finance could remain relevant in the post-COVID-19 world, making this growth stock worth a look.</p>\n<h3><b>Fiverr International</b></h3>\n<p><a href=\"https://laohu8.com/S/FVRR\">Fiverr International Ltd.</a> is expanding into new markets, with the addition of data-related services as its ninth vertical. The company’s role in supporting the gig economy could continue to favor the stock.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>8 Best Growth Stocks For The Second Half Of 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n8 Best Growth Stocks For The Second Half Of 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-08-12 09:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Despite inflationary pressures and the possibility of a Fed interest rate hike in the offing, growth stocks have continued the momentum gained in 2020.</p>\n<p>All three major indices recorded double-digit gains in the first half of 2021. The Dow, S&amp;P 500 and Nasdaq added 12.7%, 14.4%&nbsp;and 12.5%, respectively,&nbsp;in the first six months of the year.</p>\n<p>Wall Street analysts widely expect the momentum to continue in the back half of 2021.</p>\n<p>The following are growth stocks that could perform well in the second half, in no particular order.</p>\n<h3><b>Alphabet</b></h3>\n<p><a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> beat first- and second-quarter earnings estimates by a wide margin. While the continued shift by businesses to the cloud could boost the prospects of Google Cloud, the revival of travel and retail spending is likely to drive Google’s performance.</p>\n<p>Alphabet is also gearing up to launch new and innovative features to boost the Google TV app.</p>\n<h3><b>Apple</b></h3>\n<p>Semiconductor shortage aside,&nbsp;<a href=\"https://laohu8.com/S/AAPL\">Apple</a> has plenty of growth drivers. The company’s loyal user base could drive its next phase of growth. Apple has been aggressively monetizing its services with a 660-million subscriber base and recurring subscription revenues.</p>\n<h3><b>Microsoft</b></h3>\n<p>Despite&nbsp;<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> strong execution and blowout results, investor response has remained tepid year-to-date.</p>\n<p>The software giant launched its Windows 11 operating system in June, with a refreshed design, new features, and integration of its Teams videoconferencing app. Microsoft recently acquired&nbsp;<a href=\"https://laohu8.com/S/NUAN\">Nuance</a> to flex its muscles in the health caresector.</p>\n<h3><b>Pfizer</b></h3>\n<p>The COVID-19 vaccine is estimated to generate $26 billion in revenue&nbsp;for&nbsp;<a href=\"https://laohu8.com/S/PFE\">Pfizer</a> in 2021. The pharma giant also has contracts with governments worldwide to supply vaccines until 2024.</p>\n<p>Continued spread of the Delta variant of COVID-19 could keep market sentiment for Pfizer’s stock elevated.</p>\n<h3><b>Zoom Video Communications</b></h3>\n<p>Shares of&nbsp;<a href=\"https://laohu8.com/S/ZM\">Zoom</a> jumped 14.7% in the first half, with some important launches, including Zoom Events and Zoom Phone Appliances.</p>\n<p>“The control of internal and external communications should also better position Zoom to open the platform for application developers and create a marketplace. With a $5 billion cash position and 36% operating margins, we also believe Zoom has an attractive opportunity to do more potential M&amp;A, outspend competitors, and extend its leadership position,” Bank of America analyst Daniel Bartus said in a note to clients. The BofA analyst also named Zoom Video Communications a top pick.</p>\n<h3><b>Etsy</b></h3>\n<p><a href=\"https://laohu8.com/S/ETSY\">Etsy</a> is entering new markets, with the recent acquisition of Brazilian peer Elo7 and global fashion reseller Depop. The Depop acquisition positions the company well in the $558.7-billion online apparel market, which is projected to grow to $1.3 trillion by 2026.</p>\n<h3><b>PayPal Holdings</b></h3>\n<p>A global leader in the digital payments market,&nbsp;<a href=\"https://laohu8.com/S/PYPL\">PayPal</a> is accelerating its expansion strategies by venturing intocryptocurrencypayments, BNPL&nbsp;and cross-border payment systems.</p>\n<p>The company has diversified its revenue sources with Xoom and Venmo. Contactless finance could remain relevant in the post-COVID-19 world, making this growth stock worth a look.</p>\n<h3><b>Fiverr International</b></h3>\n<p><a href=\"https://laohu8.com/S/FVRR\">Fiverr International Ltd.</a> is expanding into new markets, with the addition of data-related services as its ninth vertical. The company’s role in supporting the gig economy could continue to favor the stock.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ETSY":"Etsy, Inc.","GOOG":"谷歌","FVRR":"Fiverr International Ltd.","NUAN":"微妙通讯","MSFT":"微软","AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155538846","content_text":"Despite inflationary pressures and the possibility of a Fed interest rate hike in the offing, growth stocks have continued the momentum gained in 2020.\nAll three major indices recorded double-digit gains in the first half of 2021. The Dow, S&P 500 and Nasdaq added 12.7%, 14.4% and 12.5%, respectively, in the first six months of the year.\nWall Street analysts widely expect the momentum to continue in the back half of 2021.\nThe following are growth stocks that could perform well in the second half, in no particular order.\nAlphabet\nAlphabet beat first- and second-quarter earnings estimates by a wide margin. While the continued shift by businesses to the cloud could boost the prospects of Google Cloud, the revival of travel and retail spending is likely to drive Google’s performance.\nAlphabet is also gearing up to launch new and innovative features to boost the Google TV app.\nApple\nSemiconductor shortage aside, Apple has plenty of growth drivers. The company’s loyal user base could drive its next phase of growth. Apple has been aggressively monetizing its services with a 660-million subscriber base and recurring subscription revenues.\nMicrosoft\nDespite Microsoft strong execution and blowout results, investor response has remained tepid year-to-date.\nThe software giant launched its Windows 11 operating system in June, with a refreshed design, new features, and integration of its Teams videoconferencing app. Microsoft recently acquired Nuance to flex its muscles in the health caresector.\nPfizer\nThe COVID-19 vaccine is estimated to generate $26 billion in revenue for Pfizer in 2021. The pharma giant also has contracts with governments worldwide to supply vaccines until 2024.\nContinued spread of the Delta variant of COVID-19 could keep market sentiment for Pfizer’s stock elevated.\nZoom Video Communications\nShares of Zoom jumped 14.7% in the first half, with some important launches, including Zoom Events and Zoom Phone Appliances.\n“The control of internal and external communications should also better position Zoom to open the platform for application developers and create a marketplace. With a $5 billion cash position and 36% operating margins, we also believe Zoom has an attractive opportunity to do more potential M&A, outspend competitors, and extend its leadership position,” Bank of America analyst Daniel Bartus said in a note to clients. The BofA analyst also named Zoom Video Communications a top pick.\nEtsy\nEtsy is entering new markets, with the recent acquisition of Brazilian peer Elo7 and global fashion reseller Depop. The Depop acquisition positions the company well in the $558.7-billion online apparel market, which is projected to grow to $1.3 trillion by 2026.\nPayPal Holdings\nA global leader in the digital payments market, PayPal is accelerating its expansion strategies by venturing intocryptocurrencypayments, BNPL and cross-border payment systems.\nThe company has diversified its revenue sources with Xoom and Venmo. Contactless finance could remain relevant in the post-COVID-19 world, making this growth stock worth a look.\nFiverr International\nFiverr International Ltd. is expanding into new markets, with the addition of data-related services as its ninth vertical. The company’s role in supporting the gig economy could continue to favor the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895879840,"gmtCreate":1628735704580,"gmtModify":1633689887537,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Yeah","listText":"Yeah","text":"Yeah","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/895879840","repostId":"1115545302","repostType":4,"repost":{"id":"1115545302","kind":"news","pubTimestamp":1628734190,"share":"https://www.laohu8.com/m/news/1115545302?lang=&edition=full","pubTime":"2021-08-12 10:09","market":"hk","language":"en","title":"Li Auto shares fall 2.1% in Hong Kong debut","url":"https://stock-news.laohu8.com/highlight/detail?id=1115545302","media":"Reuters","summary":"Aug 12 (Reuters) - Chinese electric vehicle maker Li Auto shares slipped 2.1% below their offer pric","content":"<p>Aug 12 (Reuters) - Chinese electric vehicle maker Li Auto shares slipped 2.1% below their offer price of HK$118 in the company's trading debut at the Hong Kong Stock Exchange on Thursday.</p>\n<p>The company raised $1.52 billion by pricing its stock at HK$118 each in its dual primary listing in the city.</p>\n<p>Hong Kong's Hang Seng Index(.HSI)was flat in early trade.</p>\n<p>The weaker debut followed a 1.1% rise in New York-listed Li Auto shares on Wednesday.</p>\n<p>At HK$118 each, the price represented a 3.2% discount to the level where the New York stock was trading at before the Hong Kong deal was launched on Aug. 3.</p>\n<p>Li Auto had aimed to raise more but the stock dropped 4% in the United States last Thursday before the price was finalised which reduced the amount investors were willing to pay.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Li Auto shares fall 2.1% in Hong Kong debut</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\">\nLi Auto shares fall 2.1% in Hong Kong debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 10:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/autos-transportation/li-auto-shares-fall-21-hong-kong-debut-2021-08-12/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Aug 12 (Reuters) - Chinese electric vehicle maker Li Auto shares slipped 2.1% below their offer price of HK$118 in the company's trading debut at the Hong Kong Stock Exchange on Thursday.\nThe company ...</p>\n\n<a href=\"https://www.reuters.com/business/autos-transportation/li-auto-shares-fall-21-hong-kong-debut-2021-08-12/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","02015":"理想汽车-W"},"source_url":"https://www.reuters.com/business/autos-transportation/li-auto-shares-fall-21-hong-kong-debut-2021-08-12/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115545302","content_text":"Aug 12 (Reuters) - Chinese electric vehicle maker Li Auto shares slipped 2.1% below their offer price of HK$118 in the company's trading debut at the Hong Kong Stock Exchange on Thursday.\nThe company raised $1.52 billion by pricing its stock at HK$118 each in its dual primary listing in the city.\nHong Kong's Hang Seng Index(.HSI)was flat in early trade.\nThe weaker debut followed a 1.1% rise in New York-listed Li Auto shares on Wednesday.\nAt HK$118 each, the price represented a 3.2% discount to the level where the New York stock was trading at before the Hong Kong deal was launched on Aug. 3.\nLi Auto had aimed to raise more but the stock dropped 4% in the United States last Thursday before the price was finalised which reduced the amount investors were willing to pay.","news_type":1},"isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892241827,"gmtCreate":1628668008869,"gmtModify":1633745252584,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892241827","repostId":"1149948447","repostType":4,"repost":{"id":"1149948447","kind":"news","pubTimestamp":1628667350,"share":"https://www.laohu8.com/m/news/1149948447?lang=&edition=full","pubTime":"2021-08-11 15:35","market":"us","language":"en","title":"Now Climate Activists Want BHP to Keep Hold of Its Fossil Fuels","url":"https://stock-news.laohu8.com/highlight/detail?id=1149948447","media":"Bloomberg","summary":"BHP Billiton, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil f","content":"<p><a href=\"https://laohu8.com/S/BHP\">BHP Billiton</a>, the world’s top miner, should abandon plans for&nbsp;multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental campaign group.</p>\n<p>A proposal tabled on behalf of about 100 small investors by Market Forces, which coordinates groups of shareholders on climate issues, calls on the company to wind down production in line with international targets to cut greenhouse gas emissions, and to focus on helping communities to find alternative jobs.</p>\n<p>“By providinga leadingexample of responsibly managing down fossil fuel assets, BHP can preserve and realize the genuine value that exists in these assets, align with global climate goals, and support its workers in the transition to a decarbonized economy,” the group said in a statement. Market Forces and the BHP investors have tabled resolutions to be considered at the company’s annual meeting in Australia later this year.</p>\n<p>BHP’s board will set out a response ahead of the meeting, the company said in a statement Wednesday. The investors hold less than 0.01% of BHP’s Australia-listed entity and about 0.006% of the combined group, which includes the miner’s London-traded shares, according to the statement.</p>\n<p>BHP is considering an exit from the oil and gas sector and reviewing options including a trade sale, people familiar with the matter said last month. The producer in June agreed to sell its one-third share in a Colombian coal mine and is also progressing plans to offload a thermal coal operation and some metallurgical coal assets in Australia.</p>\n<p>Activists who previously had urged the biggest miners and oil majors to rid their portfolios of fossil fuels operations are increasingly changing approach, in&nbsp;recognition&nbsp;that assets are often sold to smaller producers or government-backed firms that operate with far less transparency and typically seek to boost volumes.</p>\n<p>While shareholder resolutions seldom win large support, they’re among tools being used by small campaign groups to pressure companies. Lawsuits have been effective too, with Royal Dutch Shell Plc ordered to slash emissions&nbsp;faster than planned&nbsp;in a recent ruling and Australia’s government instructed to&nbsp;consider climate change&nbsp;in mine approvals.</p>\n<p>“There’s an increasingly deep and sophisticated understanding of the steps big companies and their investors need to take to play their part in bringing down emissions,” said Will van de Pol, a campaigner at Australia-based Market Forces. “Companies and investors can no longer get away with green-washing and shirking their responsibilities.”</p>\n<p>BP Plc is among firms that have faced criticism for pursuing divestment deals that will help the company meet its own net-zero goals, though likely won’t result in lower emissions from the assets that have been sold.</p>\n<p>“While divestment addresses stranded asset risk exposure, it fails to manage the reputational risk associated with avoiding responsibility for employee transition support and site rehabilitation,” Market Forces said in its statement.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Now Climate Activists Want BHP to Keep Hold of Its Fossil Fuels</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNow Climate Activists Want BHP to Keep Hold of Its Fossil Fuels\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 15:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-11/now-climate-activists-want-bhp-to-keep-hold-of-its-fossil-fuels?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BHP Billiton, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-11/now-climate-activists-want-bhp-to-keep-hold-of-its-fossil-fuels?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BHP":"必和必拓公司"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-11/now-climate-activists-want-bhp-to-keep-hold-of-its-fossil-fuels?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149948447","content_text":"BHP Billiton, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental campaign group.\nA proposal tabled on behalf of about 100 small investors by Market Forces, which coordinates groups of shareholders on climate issues, calls on the company to wind down production in line with international targets to cut greenhouse gas emissions, and to focus on helping communities to find alternative jobs.\n“By providinga leadingexample of responsibly managing down fossil fuel assets, BHP can preserve and realize the genuine value that exists in these assets, align with global climate goals, and support its workers in the transition to a decarbonized economy,” the group said in a statement. Market Forces and the BHP investors have tabled resolutions to be considered at the company’s annual meeting in Australia later this year.\nBHP’s board will set out a response ahead of the meeting, the company said in a statement Wednesday. The investors hold less than 0.01% of BHP’s Australia-listed entity and about 0.006% of the combined group, which includes the miner’s London-traded shares, according to the statement.\nBHP is considering an exit from the oil and gas sector and reviewing options including a trade sale, people familiar with the matter said last month. The producer in June agreed to sell its one-third share in a Colombian coal mine and is also progressing plans to offload a thermal coal operation and some metallurgical coal assets in Australia.\nActivists who previously had urged the biggest miners and oil majors to rid their portfolios of fossil fuels operations are increasingly changing approach, in recognition that assets are often sold to smaller producers or government-backed firms that operate with far less transparency and typically seek to boost volumes.\nWhile shareholder resolutions seldom win large support, they’re among tools being used by small campaign groups to pressure companies. Lawsuits have been effective too, with Royal Dutch Shell Plc ordered to slash emissions faster than planned in a recent ruling and Australia’s government instructed to consider climate change in mine approvals.\n“There’s an increasingly deep and sophisticated understanding of the steps big companies and their investors need to take to play their part in bringing down emissions,” said Will van de Pol, a campaigner at Australia-based Market Forces. “Companies and investors can no longer get away with green-washing and shirking their responsibilities.”\nBP Plc is among firms that have faced criticism for pursuing divestment deals that will help the company meet its own net-zero goals, though likely won’t result in lower emissions from the assets that have been sold.\n“While divestment addresses stranded asset risk exposure, it fails to manage the reputational risk associated with avoiding responsibility for employee transition support and site rehabilitation,” Market Forces said in its statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896874090,"gmtCreate":1628573152710,"gmtModify":1633746033655,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/896874090","repostId":"1168711372","repostType":4,"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898151195,"gmtCreate":1628479699317,"gmtModify":1633746832064,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898151195","repostId":"2157418467","repostType":4,"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898151965,"gmtCreate":1628479684457,"gmtModify":1633746832308,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898151965","repostId":"1183198209","repostType":4,"repost":{"id":"1183198209","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1628478251,"share":"https://www.laohu8.com/m/news/1183198209?lang=&edition=full","pubTime":"2021-08-09 11:04","market":"us","language":"en","title":"China’s factory-price index continues rapid rise in July","url":"https://stock-news.laohu8.com/highlight/detail?id=1183198209","media":"Dow Jones","summary":"China’s factory-gate prices rose at an elevated rate in July, driven by higher crude oil and coal pr","content":"<p>China’s factory-gate prices rose at an elevated rate in July, driven by higher crude oil and coal prices.</p>\n<p>The producer-price index rose 9.0% from a year earlier, faster than an 8.8% increase in June, said the National Bureau of Statistics Monday.</p>\n<p>The Wall Street Journal’s poll of economists forecast an 8.8% increase. The increase in July matched May’s figure, which was the biggest rise in producer prices since September 2008.</p>\n<p>On a monthly basis, China’s PPI rose 0.5% in July, up slightly from June’s 0.3% growth.</p>\n<p>The statistics bureau said the PPI was mainly driven by higher crude oil and coal prices.</p>\n<p>Beijing has in recent months taken measures to cool soaring commodity prices, restricting steel exports and cracking down on commodity speculation.</p>\n<p>The high producer prices have yet to feed through to consumer inflation.</p>\n<p>China’s consumer price index rose 1.0% from a year earlier in July, down from a 1.1% increase in June. The result was slightly higher than the 0.8% increase expected by surveyed economists.</p>\n<p>Food prices fell 3.7% form a year earlier in July, compared with June’s 1.7% drop. But on a monthly basis, food prices rose due to heavy rainfall in many parts of the country.</p>\n<p>Non-food prices increased by 2.1% in July, up from 1.7% in June, lifted by soaring oil prices and higher hotel and travel expenses during summer vacation, said the statistics bureau.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s factory-price index continues rapid rise in July</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\">\nChina’s factory-price index continues rapid rise in July\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-09 11:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>China’s factory-gate prices rose at an elevated rate in July, driven by higher crude oil and coal prices.</p>\n<p>The producer-price index rose 9.0% from a year earlier, faster than an 8.8% increase in June, said the National Bureau of Statistics Monday.</p>\n<p>The Wall Street Journal’s poll of economists forecast an 8.8% increase. The increase in July matched May’s figure, which was the biggest rise in producer prices since September 2008.</p>\n<p>On a monthly basis, China’s PPI rose 0.5% in July, up slightly from June’s 0.3% growth.</p>\n<p>The statistics bureau said the PPI was mainly driven by higher crude oil and coal prices.</p>\n<p>Beijing has in recent months taken measures to cool soaring commodity prices, restricting steel exports and cracking down on commodity speculation.</p>\n<p>The high producer prices have yet to feed through to consumer inflation.</p>\n<p>China’s consumer price index rose 1.0% from a year earlier in July, down from a 1.1% increase in June. The result was slightly higher than the 0.8% increase expected by surveyed economists.</p>\n<p>Food prices fell 3.7% form a year earlier in July, compared with June’s 1.7% drop. But on a monthly basis, food prices rose due to heavy rainfall in many parts of the country.</p>\n<p>Non-food prices increased by 2.1% in July, up from 1.7% in June, lifted by soaring oil prices and higher hotel and travel expenses during summer vacation, said the statistics bureau.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183198209","content_text":"China’s factory-gate prices rose at an elevated rate in July, driven by higher crude oil and coal prices.\nThe producer-price index rose 9.0% from a year earlier, faster than an 8.8% increase in June, said the National Bureau of Statistics Monday.\nThe Wall Street Journal’s poll of economists forecast an 8.8% increase. The increase in July matched May’s figure, which was the biggest rise in producer prices since September 2008.\nOn a monthly basis, China’s PPI rose 0.5% in July, up slightly from June’s 0.3% growth.\nThe statistics bureau said the PPI was mainly driven by higher crude oil and coal prices.\nBeijing has in recent months taken measures to cool soaring commodity prices, restricting steel exports and cracking down on commodity speculation.\nThe high producer prices have yet to feed through to consumer inflation.\nChina’s consumer price index rose 1.0% from a year earlier in July, down from a 1.1% increase in June. The result was slightly higher than the 0.8% increase expected by surveyed economists.\nFood prices fell 3.7% form a year earlier in July, compared with June’s 1.7% drop. But on a monthly basis, food prices rose due to heavy rainfall in many parts of the country.\nNon-food prices increased by 2.1% in July, up from 1.7% in June, lifted by soaring oil prices and higher hotel and travel expenses during summer vacation, said the statistics bureau.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":891797989,"gmtCreate":1628425125341,"gmtModify":1633747203434,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/891797989","repostId":"2157492883","repostType":4,"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893272359,"gmtCreate":1628269941971,"gmtModify":1633752069863,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893272359","repostId":"1110501028","repostType":4,"repost":{"id":"1110501028","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628260468,"share":"https://www.laohu8.com/m/news/1110501028?lang=&edition=full","pubTime":"2021-08-06 22:34","market":"us","language":"en","title":"Tencent sued by the Haidian District Procuratorate","url":"https://stock-news.laohu8.com/highlight/detail?id=1110501028","media":"Tiger Newspress","summary":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","content":"<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent sued by the Haidian District Procuratorate</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\">\nTencent sued by the Haidian District Procuratorate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-06 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110501028","content_text":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899331014,"gmtCreate":1628158199938,"gmtModify":1633753079763,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/899331014","repostId":"1121866583","repostType":4,"repost":{"id":"1121866583","kind":"news","pubTimestamp":1628158108,"share":"https://www.laohu8.com/m/news/1121866583?lang=&edition=full","pubTime":"2021-08-05 18:08","market":"us","language":"en","title":"What's Next For The S&P 500: 10% Pullback or Rolling Correction?","url":"https://stock-news.laohu8.com/highlight/detail?id=1121866583","media":"zacks","summary":"The market has become increasingly rational as this 16-month bull market matures, and index-based up","content":"<p>The market has become increasingly rational as this 16-month bull market matures, and index-based upside potential dwindles every additional percentage they rally. This is a stock picker's market. Quality stocks in well-positioned sectors will have much higher upside potential than most index-tracking ETFs for the remainder of 2021.</p>\n<p>The S&amp;P 500 hasn't seen a pullback of more than 5% so far this year and hasn't seen an actual correction (a pullback of 10% or more) since last September, which was quickly bought back up once that down 10% mark was reached. Despite this blue-chip benchmark not exhibiting any material sell-off, over 90% of its 505 components have experienced a 10% or larger correction in 2021 thus far.</p>\n<p><b>Rotations In &amp; Out of Growth &amp; Value</b></p>\n<p>Investors have kept the stock market's bull drive alive by rotating in and out of growth and value sectors as portfolio's position for the reopening at the beginning of the year, then turned back to growth stocks when the yield surge began to fade mid-May. This performance deviation is clearly illustrated below with Vanguard's growth-oriented ETF (VUG Quick QuoteVUG-Free Report) in the candlesticks and its value-focused ETF (VTV Quick QuoteVTV-Free Report) represented by the orange line.</p>\n<p><img src=\"https://static.tigerbbs.com/80d0680692ab8ada950167692164017e\" tg-width=\"620\" tg-height=\"408\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image Source: TradingView</p>\n<p>The year-to-date performance divergence between these two stock groupings illustrates that investors &amp; traders are not buying indiscriminately. Meaning that judgment is going into every trade decision (aka stock picking), causing the market to deflate overstretched areas and reallocate into relatively cheaper spaces.</p>\n<p><b>Accelerating Annualized Returns</b></p>\n<p>The S&amp;P 500 has remained above an extraordinary 75% annualized return trendline for over 16 months now. Unfortunately, this rate of return isn't even close to sustainable.</p>\n<p>The S&amp;P 500 has averaged 12% upside a year over the past 3 decades. However, the average annual growth rate has aged like fine wine. This blue-chip benchmark has demonstrated an average annualized return of nearly 15% over the past decade, and if narrowed down to just the last 5 years, those annual gains go up to over 16%.</p>\n<p>The stock market is experiencing swelling average annual gains because of the rapid acceleration of technology that continuously accelerates companies' and our economy's growth outlook. I expect to see continued annualized return acceleration over the next decade as tech makes up a growing portion of the public equity market. Nevertheless, a rolling 75% annualized return out of the S&amp;P 500 isn't viable.</p>\n<p>There may be too much sideline capital (a record 5.5 trillion in money market funds, according to Goldman Sachs (GS Quick QuoteGS-Free Report) for the market to entirely correct. Still, we are due for consolidation over the next few months, aka a rolling correction.</p>\n<p>We are now entering a pivotal point in this maturing market cycle. Q2 earnings season has been tremendous thus far, with earnings soaring 105% on sales up over 22% from a year ago. 91% of the reported companies beating EPS estimates, and over 86% beat top-line projections. The richly valued tech sector has demonstrated awe-inspiring Q2 results, with 100% of them exceeding EPS estimates and over 96% beating on revenues, which seemingly justified frothy valuations in the space.</p>\n<p>However, analysts are projecting peak earnings growth to be in the rear-view mirror as Q2 earnings season wraps up, and at these rich multiples, valuation compression may be in order. Even with these exceptional quarterly reports and growing full-year estimates, we have seen an undue level of profit-pulling and defensive market positioning. The resurging COVID fears and anticipated shift in monetary policy also weigh on bullish sentiment.</p>\n<p>Nevertheless, the enormous amount of cash on the bench is still being put to work, with every marginal dip being bought right back up. The national consumer savings rate in the US sits sizably above the last decade's average. Americans are not only participating in the public equity market at a record rate, but they also have plenty of liquidity to keep buying their favorite stocks.</p>\n<p>Stocks remain the most attractive asset class, with negative real interest rates in the bond market, sky-high commodity prices, highly volatile crypto prices, and pricing pressure that most publicly traded companies have been able to easily transfer to their end-markets (illustrated by Q2 margin results).</p>\n<p>I expect to see a rolling correction, reflected by a consolidating stock market, instead of this 10%+ correction that analysts have been postulating. Range-bound indexes(less than 10% swings) for some time (month or two) would have the same valuation compressing effect as an all-out correction because earnings would be growing while prices remain muted, leading to shrinking P/E multiples (aka rolling correction).</p>\n<p>I foresee a sideways broader market trade until the Delta-variant is no longer a global concern. I remain bullish on stocks for the remaining 5 months of 2021 and am confident that the S&amp;P 500 will close out the year higher than it is trading at today.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What's Next For The S&P 500: 10% Pullback or Rolling Correction?</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\">\nWhat's Next For The S&P 500: 10% Pullback or Rolling Correction?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 18:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zacks.com/commentary/1773639/whats-next-for-the-sp-500-10-pullback-or-rolling-correction?&art_rec=home-home-investment_ideas_stocks-ID09-txt-1278004><strong>zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The market has become increasingly rational as this 16-month bull market matures, and index-based upside potential dwindles every additional percentage they rally. This is a stock picker's market. ...</p>\n\n<a href=\"https://www.zacks.com/commentary/1773639/whats-next-for-the-sp-500-10-pullback-or-rolling-correction?&art_rec=home-home-investment_ideas_stocks-ID09-txt-1278004\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://www.zacks.com/commentary/1773639/whats-next-for-the-sp-500-10-pullback-or-rolling-correction?&art_rec=home-home-investment_ideas_stocks-ID09-txt-1278004","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121866583","content_text":"The market has become increasingly rational as this 16-month bull market matures, and index-based upside potential dwindles every additional percentage they rally. This is a stock picker's market. Quality stocks in well-positioned sectors will have much higher upside potential than most index-tracking ETFs for the remainder of 2021.\nThe S&P 500 hasn't seen a pullback of more than 5% so far this year and hasn't seen an actual correction (a pullback of 10% or more) since last September, which was quickly bought back up once that down 10% mark was reached. Despite this blue-chip benchmark not exhibiting any material sell-off, over 90% of its 505 components have experienced a 10% or larger correction in 2021 thus far.\nRotations In & Out of Growth & Value\nInvestors have kept the stock market's bull drive alive by rotating in and out of growth and value sectors as portfolio's position for the reopening at the beginning of the year, then turned back to growth stocks when the yield surge began to fade mid-May. This performance deviation is clearly illustrated below with Vanguard's growth-oriented ETF (VUG Quick QuoteVUG-Free Report) in the candlesticks and its value-focused ETF (VTV Quick QuoteVTV-Free Report) represented by the orange line.\n\nImage Source: TradingView\nThe year-to-date performance divergence between these two stock groupings illustrates that investors & traders are not buying indiscriminately. Meaning that judgment is going into every trade decision (aka stock picking), causing the market to deflate overstretched areas and reallocate into relatively cheaper spaces.\nAccelerating Annualized Returns\nThe S&P 500 has remained above an extraordinary 75% annualized return trendline for over 16 months now. Unfortunately, this rate of return isn't even close to sustainable.\nThe S&P 500 has averaged 12% upside a year over the past 3 decades. However, the average annual growth rate has aged like fine wine. This blue-chip benchmark has demonstrated an average annualized return of nearly 15% over the past decade, and if narrowed down to just the last 5 years, those annual gains go up to over 16%.\nThe stock market is experiencing swelling average annual gains because of the rapid acceleration of technology that continuously accelerates companies' and our economy's growth outlook. I expect to see continued annualized return acceleration over the next decade as tech makes up a growing portion of the public equity market. Nevertheless, a rolling 75% annualized return out of the S&P 500 isn't viable.\nThere may be too much sideline capital (a record 5.5 trillion in money market funds, according to Goldman Sachs (GS Quick QuoteGS-Free Report) for the market to entirely correct. Still, we are due for consolidation over the next few months, aka a rolling correction.\nWe are now entering a pivotal point in this maturing market cycle. Q2 earnings season has been tremendous thus far, with earnings soaring 105% on sales up over 22% from a year ago. 91% of the reported companies beating EPS estimates, and over 86% beat top-line projections. The richly valued tech sector has demonstrated awe-inspiring Q2 results, with 100% of them exceeding EPS estimates and over 96% beating on revenues, which seemingly justified frothy valuations in the space.\nHowever, analysts are projecting peak earnings growth to be in the rear-view mirror as Q2 earnings season wraps up, and at these rich multiples, valuation compression may be in order. Even with these exceptional quarterly reports and growing full-year estimates, we have seen an undue level of profit-pulling and defensive market positioning. The resurging COVID fears and anticipated shift in monetary policy also weigh on bullish sentiment.\nNevertheless, the enormous amount of cash on the bench is still being put to work, with every marginal dip being bought right back up. The national consumer savings rate in the US sits sizably above the last decade's average. Americans are not only participating in the public equity market at a record rate, but they also have plenty of liquidity to keep buying their favorite stocks.\nStocks remain the most attractive asset class, with negative real interest rates in the bond market, sky-high commodity prices, highly volatile crypto prices, and pricing pressure that most publicly traded companies have been able to easily transfer to their end-markets (illustrated by Q2 margin results).\nI expect to see a rolling correction, reflected by a consolidating stock market, instead of this 10%+ correction that analysts have been postulating. Range-bound indexes(less than 10% swings) for some time (month or two) would have the same valuation compressing effect as an all-out correction because earnings would be growing while prices remain muted, leading to shrinking P/E multiples (aka rolling correction).\nI foresee a sideways broader market trade until the Delta-variant is no longer a global concern. I remain bullish on stocks for the remaining 5 months of 2021 and am confident that the S&P 500 will close out the year higher than it is trading at today.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899333512,"gmtCreate":1628158186236,"gmtModify":1633753080088,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/899333512","repostId":"2156109959","repostType":4,"repost":{"id":"2156109959","kind":"news","pubTimestamp":1628156951,"share":"https://www.laohu8.com/m/news/2156109959?lang=&edition=full","pubTime":"2021-08-05 17:49","market":"us","language":"en","title":"5 Stocks to Gain From Continued Uptick in Factory Orders","url":"https://stock-news.laohu8.com/highlight/detail?id=2156109959","media":"Zacks","summary":"Factory orders in the United States continued to improve in June, highlighting the sustained expansi","content":"<p>Factory orders in the United States continued to improve in June, highlighting the sustained expansion in manufacturing activity. Per a Reuters article, citing the Commerce Department, factory orders increased 1.5% in June, following a rise of 2.3% in May, even as spending shifted to services from goods as the U.S. economy gradually reopened. In fact, per a MarketWatch article, citing the Commerce Department, new orders have increased in 13 of the previous 14 months.</p>\n<p>The MarketWatch article further stated that the previous estimate of durable goods orders for June was revised upward, rising 0.9%, compared to the previously estimated rise of 0.8%. The article also stated that orders for nondefense capital goods, that is, excluding aircraft and military, which is seen as a way of understanding equipment spending plans, were revised upward and rose 0.7% in June, compared to the prior estimate of 0.5% gain. Nondurable goods orders also witnessed an uptick, cited the MarketWatch article, as it rose 2.1% in June.</p>\n<p>A separate Reuters article stated that the increase in factory orders in June was broad, with gains being reported in machinery, computers and electronic products, and electrical equipment, among others. On a further positive note, the U.S. economy expanded in the second quarter of 2021, continuing its recovery from the pandemic-induced slump witnessed in the first half of last year. The Reuters article stated, citing the Bureau of Economic Analysis that GDP expanded at an annual rate of 6.5% during the second quarter, compared to a revised increase of 6.3% in the first quarter. Adding to the positives, the second-quarter reading was above the pre-pandemic fourth-quarter GDP of 2019, mentioned in the Reuters article.</p>\n<p>In fact, the U.S. Federal Reserve expects the growth momentum to continue as in its monetary policy statement released on Jun 16, the Fed estimated real GDP to rise 7% in 2021. Besides that, the U.S. Senate is also working on a bipartisan infrastructure bill which is set to include $550 billion in additional spending. Americans have also been feeling confident about the state of the economy despite concerns surrounding the Delta variant of coronavirus. A separate MarketWatch article, citing the Conference Board, reported that the index of consumer confidence rose to 129.1 in July, compared to the revised reading of 128.9 in June, marking the highest level since February 2020.</p>\n<h3>5 Stocks to Buy Now</h3>\n<p>Orders for U.S.-manufactured goods increased in June amid economic recovery. The proposed infrastructure bill, by the way, is expected to provide a further boost to the economy. This makes it an exciting opportunity to invest in stocks with strong fundamentals that stand to benefit from the rising orders. We have handpicked five such stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see<b> the complete list of today’s Zacks #1 Rank stocks here.</b></p>\n<p><b>Schnitzer Steel Industries, Inc.</b> SCHN recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company reported its fiscal third-quarter 2021 earnings on Jun 30 and stated that its performance during the quarter benefited from the robust global demand for recycled metals and for finished steel products on the West Coast.</p>\n<p>This Zacks Rank #1 company has gained 63.2% year to date. The Zacks Consensus Estimate for its current-year earnings increased 8.8% over the past 60 days. The company’s expected earnings growth rate for the current year is more than 100%.</p>\n<p><b>AZZ Inc.</b> AZZ provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and so on to the transmission, distribution, industrial markets, among others, in the United States and internationally. On Jan 4, AZZ announced the acquisition of all the assets of Acme Galvanizing, Inc. which was a privately held hot-dip galvanizing and zinc electroplating company.</p>\n<p>Shares of AZZ have risen 11.2% year to date and it currently flaunts a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings increased 13% over the past 60 days. The company’s expected earnings growth rate for the current year is 44.1%.</p>\n<p><b>Deere &amp; Company</b> DE, together with its subsidiaries, manufactures and distributes agricultural, construction, and forestry machinery, diesel engines, drivetrains used in heavy equipment, and lawn care equipment. On May 21, the company raised its forecast for industry sales of large equipment in the United States and Canada to 25% for this year, compared to 15% to 20% previously estimated, as cited in another Reuters article.</p>\n<p>Shares of Deere &amp; Co have gained nearly 36% year to date. The Zacks Consensus Estimate for its current-year earnings increased 1.6% over the past 60 days. The expected earnings growth rate for this Zacks Rank #2 company for the current year is more than 100%.</p>\n<p><b>J &amp; J Snack Foods Corp.</b> JJSF manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries. On Jul 26, the company reported its fiscal third-quarter 2021 earnings for the quarter ended Jun 26 and stated that its Food Service segment made a comeback during the quarter and rose 68% year over year as people started getting out of their houses.</p>\n<p>Shares of this Zacks Rank #2 company have gained 5.8% year to date. The Zacks Consensus Estimate for its current-year earnings increased 23.6% over the past 60 days. The company’s expected earnings growth rate for the current year is more than 100%.</p>\n<p><b>Bassett Furniture Industries, Incorporated</b> BSET engages in the design, manufacture, sourcing, sale, and distribution of furniture products.</p>\n<p>Shares of Bassett Furniture have gained 10.8% year to date and the company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings increased 19.2% over the past 60 days. The company’s expected earnings growth rate for the current year is more than 100%.</p>","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>5 Stocks to Gain From Continued Uptick in Factory Orders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Stocks to Gain From Continued Uptick in Factory Orders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-05 17:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/5-stocks-gain-continued-uptick-111811878.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Factory orders in the United States continued to improve in June, highlighting the sustained expansion in manufacturing activity. Per a Reuters article, citing the Commerce Department, factory orders ...</p>\n\n<a href=\"https://finance.yahoo.com/news/5-stocks-gain-continued-uptick-111811878.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BSET":"巴西特家具","JJSF":"JJSF食品","AZZ":"Azz Inc","DE":"迪尔股份有限公司"},"source_url":"https://finance.yahoo.com/news/5-stocks-gain-continued-uptick-111811878.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2156109959","content_text":"Factory orders in the United States continued to improve in June, highlighting the sustained expansion in manufacturing activity. Per a Reuters article, citing the Commerce Department, factory orders increased 1.5% in June, following a rise of 2.3% in May, even as spending shifted to services from goods as the U.S. economy gradually reopened. In fact, per a MarketWatch article, citing the Commerce Department, new orders have increased in 13 of the previous 14 months.\nThe MarketWatch article further stated that the previous estimate of durable goods orders for June was revised upward, rising 0.9%, compared to the previously estimated rise of 0.8%. The article also stated that orders for nondefense capital goods, that is, excluding aircraft and military, which is seen as a way of understanding equipment spending plans, were revised upward and rose 0.7% in June, compared to the prior estimate of 0.5% gain. Nondurable goods orders also witnessed an uptick, cited the MarketWatch article, as it rose 2.1% in June.\nA separate Reuters article stated that the increase in factory orders in June was broad, with gains being reported in machinery, computers and electronic products, and electrical equipment, among others. On a further positive note, the U.S. economy expanded in the second quarter of 2021, continuing its recovery from the pandemic-induced slump witnessed in the first half of last year. The Reuters article stated, citing the Bureau of Economic Analysis that GDP expanded at an annual rate of 6.5% during the second quarter, compared to a revised increase of 6.3% in the first quarter. Adding to the positives, the second-quarter reading was above the pre-pandemic fourth-quarter GDP of 2019, mentioned in the Reuters article.\nIn fact, the U.S. Federal Reserve expects the growth momentum to continue as in its monetary policy statement released on Jun 16, the Fed estimated real GDP to rise 7% in 2021. Besides that, the U.S. Senate is also working on a bipartisan infrastructure bill which is set to include $550 billion in additional spending. Americans have also been feeling confident about the state of the economy despite concerns surrounding the Delta variant of coronavirus. A separate MarketWatch article, citing the Conference Board, reported that the index of consumer confidence rose to 129.1 in July, compared to the revised reading of 128.9 in June, marking the highest level since February 2020.\n5 Stocks to Buy Now\nOrders for U.S.-manufactured goods increased in June amid economic recovery. The proposed infrastructure bill, by the way, is expected to provide a further boost to the economy. This makes it an exciting opportunity to invest in stocks with strong fundamentals that stand to benefit from the rising orders. We have handpicked five such stocks that carry a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.\nSchnitzer Steel Industries, Inc. SCHN recycles ferrous and nonferrous scrap metals; and manufactures finished steel products worldwide. The company reported its fiscal third-quarter 2021 earnings on Jun 30 and stated that its performance during the quarter benefited from the robust global demand for recycled metals and for finished steel products on the West Coast.\nThis Zacks Rank #1 company has gained 63.2% year to date. The Zacks Consensus Estimate for its current-year earnings increased 8.8% over the past 60 days. The company’s expected earnings growth rate for the current year is more than 100%.\nAZZ Inc. AZZ provides galvanizing and metal coating solutions, welding solutions, specialty electrical equipment, and so on to the transmission, distribution, industrial markets, among others, in the United States and internationally. On Jan 4, AZZ announced the acquisition of all the assets of Acme Galvanizing, Inc. which was a privately held hot-dip galvanizing and zinc electroplating company.\nShares of AZZ have risen 11.2% year to date and it currently flaunts a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings increased 13% over the past 60 days. The company’s expected earnings growth rate for the current year is 44.1%.\nDeere & Company DE, together with its subsidiaries, manufactures and distributes agricultural, construction, and forestry machinery, diesel engines, drivetrains used in heavy equipment, and lawn care equipment. On May 21, the company raised its forecast for industry sales of large equipment in the United States and Canada to 25% for this year, compared to 15% to 20% previously estimated, as cited in another Reuters article.\nShares of Deere & Co have gained nearly 36% year to date. The Zacks Consensus Estimate for its current-year earnings increased 1.6% over the past 60 days. The expected earnings growth rate for this Zacks Rank #2 company for the current year is more than 100%.\nJ & J Snack Foods Corp. JJSF manufactures, markets, and distributes various nutritional snack foods and beverages to the food service and retail supermarket industries. On Jul 26, the company reported its fiscal third-quarter 2021 earnings for the quarter ended Jun 26 and stated that its Food Service segment made a comeback during the quarter and rose 68% year over year as people started getting out of their houses.\nShares of this Zacks Rank #2 company have gained 5.8% year to date. The Zacks Consensus Estimate for its current-year earnings increased 23.6% over the past 60 days. The company’s expected earnings growth rate for the current year is more than 100%.\nBassett Furniture Industries, Incorporated BSET engages in the design, manufacture, sourcing, sale, and distribution of furniture products.\nShares of Bassett Furniture have gained 10.8% year to date and the company currently has a Zacks Rank #2. The Zacks Consensus Estimate for its current-year earnings increased 19.2% over the past 60 days. The company’s expected earnings growth rate for the current year is more than 100%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807537361,"gmtCreate":1628042918953,"gmtModify":1633754108541,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like plss","listText":"Like plss","text":"Like plss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807537361","repostId":"1127319449","repostType":4,"isVote":1,"tweetType":1,"viewCount":56,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807534478,"gmtCreate":1628042905394,"gmtModify":1633754108785,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807534478","repostId":"1182687501","repostType":4,"repost":{"id":"1182687501","kind":"news","pubTimestamp":1628041716,"share":"https://www.laohu8.com/m/news/1182687501?lang=&edition=full","pubTime":"2021-08-04 09:48","market":"us","language":"en","title":"SK Innovation to Split Battery Business as EV Demand Rises","url":"https://stock-news.laohu8.com/highlight/detail?id=1182687501","media":"Bloomberg","summary":"Shares decline as unit to stay wholly-owned subsidiary\nBattery division’s second-quarter operating l","content":"<ul>\n <li>Shares decline as unit to stay wholly-owned subsidiary</li>\n <li>Battery division’s second-quarter operating loss narrows</li>\n</ul>\n<p>SK Innovation Co.&nbsp;will split off its battery business as the company looks to build up production to meet growing global demand for electric cars.</p>\n<p>SK Innovation plans to form SK Battery in October after seeking approval from its shareholders on Sept. 16, the company&nbsp;said&nbsp;in a regulatory filing Wednesday. It will also separate its oil exploration and production operations into a new entity, it said, adding that SK Innovation will wholly own the two new companies after the split.</p>\n<p>Demand for batteries has surged this year as governments provide incentives for consumers to buy electric cars as part of efforts to reduce carbon emissions. Global EV battery sales more than doubled in the first half, led by manufacturers in China,according&nbsp;to SNE Research.</p>\n<p>“The decision to split the businesses is to set up a management system that will help to strengthen their competitiveness,” SK Innovation said in the statement. “They will be able to better respond to the business environment to make timely investment decisions.”</p>\n<p>Shares&nbsp;of SK Innovation fell as much as 7.9% in early Seoul trading, the biggest intraday decline since July 1 when the company&nbsp;first announced&nbsp;it was considering splitting the battery business into a new entity. Investors would have preferred aspin-offwhich would have given them exposure to the fast-growing battery business.</p>\n<p>Separately, SK Innovation&nbsp;said&nbsp;the battery unit’s second-quarter operating loss narrowed to 97.9 billion won ($85 million) from 113.8 billion won a year earlier after it was able to start production at its new plant in China earlier than scheduled. Sales jumped 86% to 630.2 billion won.</p>\n<p>Last month, SK Innovation&nbsp;lifted&nbsp;its target for battery capacity to 200 gigawatt-hours by 2025 to meet soaring demand, from its current rate of about 40 GWh. The company will aim to produce 500 GWh by the end of the decade. The announcement was part its plan to invest 30 trillion won through 2025 to reach net- zero in all of its operations before 2050.</p>\n<p>SK Innovation’s Chief Executive Officer Kim Jun said in July that if SK seeks an initial public offering of the battery business, all options will be considered, including a listing on New York’s Nasdaq exchange.</p>\n<p>SK Innovation’s battery business isaiming topost its first annual operating profit next year and plans to expand its energy storage systems and batteries for flying cars and robots.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SK Innovation to Split Battery Business as EV Demand Rises</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\">\nSK Innovation to Split Battery Business as EV Demand Rises\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-04 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-03/sk-innovation-to-split-battery-business-as-ev-demand-increases?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares decline as unit to stay wholly-owned subsidiary\nBattery division’s second-quarter operating loss narrows\n\nSK Innovation Co. will split off its battery business as the company looks to build up ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-03/sk-innovation-to-split-battery-business-as-ev-demand-increases?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SKM":"韩国SK电信"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-03/sk-innovation-to-split-battery-business-as-ev-demand-increases?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182687501","content_text":"Shares decline as unit to stay wholly-owned subsidiary\nBattery division’s second-quarter operating loss narrows\n\nSK Innovation Co. will split off its battery business as the company looks to build up production to meet growing global demand for electric cars.\nSK Innovation plans to form SK Battery in October after seeking approval from its shareholders on Sept. 16, the company said in a regulatory filing Wednesday. It will also separate its oil exploration and production operations into a new entity, it said, adding that SK Innovation will wholly own the two new companies after the split.\nDemand for batteries has surged this year as governments provide incentives for consumers to buy electric cars as part of efforts to reduce carbon emissions. Global EV battery sales more than doubled in the first half, led by manufacturers in China,according to SNE Research.\n“The decision to split the businesses is to set up a management system that will help to strengthen their competitiveness,” SK Innovation said in the statement. “They will be able to better respond to the business environment to make timely investment decisions.”\nShares of SK Innovation fell as much as 7.9% in early Seoul trading, the biggest intraday decline since July 1 when the company first announced it was considering splitting the battery business into a new entity. Investors would have preferred aspin-offwhich would have given them exposure to the fast-growing battery business.\nSeparately, SK Innovation said the battery unit’s second-quarter operating loss narrowed to 97.9 billion won ($85 million) from 113.8 billion won a year earlier after it was able to start production at its new plant in China earlier than scheduled. Sales jumped 86% to 630.2 billion won.\nLast month, SK Innovation lifted its target for battery capacity to 200 gigawatt-hours by 2025 to meet soaring demand, from its current rate of about 40 GWh. The company will aim to produce 500 GWh by the end of the decade. The announcement was part its plan to invest 30 trillion won through 2025 to reach net- zero in all of its operations before 2050.\nSK Innovation’s Chief Executive Officer Kim Jun said in July that if SK seeks an initial public offering of the battery business, all options will be considered, including a listing on New York’s Nasdaq exchange.\nSK Innovation’s battery business isaiming topost its first annual operating profit next year and plans to expand its energy storage systems and batteries for flying cars and robots.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807095076,"gmtCreate":1627986886395,"gmtModify":1633754642775,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/807095076","repostId":"1183769825","repostType":4,"repost":{"id":"1183769825","kind":"news","pubTimestamp":1627983044,"share":"https://www.laohu8.com/m/news/1183769825?lang=&edition=full","pubTime":"2021-08-03 17:30","market":"sg","language":"en","title":"PMI expands for the 13th straight month at 51 in July","url":"https://stock-news.laohu8.com/highlight/detail?id=1183769825","media":"Singapore Business","summary":"Analysts say the manufacturing industry will be relatively unscathed from the tighter social restric","content":"<blockquote>\n <b><i>Analysts say the manufacturing industry will be relatively unscathed from the tighter social restriction measures.</i></b>\n</blockquote>\n<p>The Purchasing Manger’s Index (PMI) expanded for the 13thstraight month, at 51&nbsp;in July,the highest reading since December 2018.</p>\n<p>Electronics sector PMI increased by 0.2 points to 50.8, marking a full year of expansion.</p>\n<p>The PMI measures the strength of the manufacturing sector, by polling over 200 purchasing managers. Production output, new orders, supplier deliveries, inventory, and employment are all factored into the computation.</p>\n<p>A PMI of over 50 indicates an expansion compared to the month previous, while a PMI under 50 indicates a contraction.</p>\n<p>“Despite the tighter social restriction measures, we see a little negative impact on Singapore’s manufacturing landscape... Importantly, Singapore’s manufacturing environment had been relatively unscathed from the previous Phase Two (HA) which ended on 14 June, given the expansion seen in both non-oil domestic exports (NODX) and industrial production,”said UOB Global Economics &amp; Markets Research economist Barnabas Gan.</p>\n<p>“At this juncture, Singapore’s manufacturing and electronics sectors remain fairly resilient and should continue to provide a key pillar of support for near-term growth. While the domestic manufacturing sector is likely to see a moderation to single-digit growth rates in the second half of 2021 as the low base effects subside, full-year 2021 manufacturing growth is still likely to exceed 10% year-on-year (YoY), and this, in turn, should support 2021 GDP growth minimally at the 6% YoY handle,” said OCBC Treasury Research Head of Research and Strategy Selena Ling.</p>","source":"lsy1618986048053","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>PMI expands for the 13th straight month at 51 in July</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\">\nPMI expands for the 13th straight month at 51 in July\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://sbr.com.sg/manufacturing/news/pmi-expands-13th-straight-month-51-in-july><strong>Singapore Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Analysts say the manufacturing industry will be relatively unscathed from the tighter social restriction measures.\n\nThe Purchasing Manger’s Index (PMI) expanded for the 13thstraight month, at 51 in ...</p>\n\n<a href=\"https://sbr.com.sg/manufacturing/news/pmi-expands-13th-straight-month-51-in-july\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414be3d3266ab0c447385949529d0d5a","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://sbr.com.sg/manufacturing/news/pmi-expands-13th-straight-month-51-in-july","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183769825","content_text":"Analysts say the manufacturing industry will be relatively unscathed from the tighter social restriction measures.\n\nThe Purchasing Manger’s Index (PMI) expanded for the 13thstraight month, at 51 in July,the highest reading since December 2018.\nElectronics sector PMI increased by 0.2 points to 50.8, marking a full year of expansion.\nThe PMI measures the strength of the manufacturing sector, by polling over 200 purchasing managers. Production output, new orders, supplier deliveries, inventory, and employment are all factored into the computation.\nA PMI of over 50 indicates an expansion compared to the month previous, while a PMI under 50 indicates a contraction.\n“Despite the tighter social restriction measures, we see a little negative impact on Singapore’s manufacturing landscape... Importantly, Singapore’s manufacturing environment had been relatively unscathed from the previous Phase Two (HA) which ended on 14 June, given the expansion seen in both non-oil domestic exports (NODX) and industrial production,”said UOB Global Economics & Markets Research economist Barnabas Gan.\n“At this juncture, Singapore’s manufacturing and electronics sectors remain fairly resilient and should continue to provide a key pillar of support for near-term growth. While the domestic manufacturing sector is likely to see a moderation to single-digit growth rates in the second half of 2021 as the low base effects subside, full-year 2021 manufacturing growth is still likely to exceed 10% year-on-year (YoY), and this, in turn, should support 2021 GDP growth minimally at the 6% YoY handle,” said OCBC Treasury Research Head of Research and Strategy Selena Ling.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802226262,"gmtCreate":1627783667056,"gmtModify":1633756447538,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/802226262","repostId":"1167073573","repostType":4,"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802095699,"gmtCreate":1627697935811,"gmtModify":1633757018014,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/802095699","repostId":"1109883672","repostType":4,"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":891797989,"gmtCreate":1628425125341,"gmtModify":1633747203434,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/891797989","repostId":"2157492883","repostType":4,"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800098062,"gmtCreate":1627264938556,"gmtModify":1633766737982,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800098062","repostId":"2154893468","repostType":4,"repost":{"id":"2154893468","kind":"highlight","pubTimestamp":1627282517,"share":"https://www.laohu8.com/m/news/2154893468?lang=&edition=full","pubTime":"2021-07-26 14:55","market":"us","language":"en","title":"3 Tech Stocks to Buy While They Are on Sale","url":"https://stock-news.laohu8.com/highlight/detail?id=2154893468","media":"Motley Fool","summary":"Short-sighted tech investors sold these stocks -- and they look like a steal.","content":"<p>Many technology stocks were big winners in 2020, but when the new year began investors seemed to lose a bit of their enthusiasm for the sector. Perhaps investors thought that tech stocks were flying too high or that other sectors could grow faster as the economy opened back up.</p>\n<p>Whatever the case, some fantastic technology stocks are currently on sale and savvy investors would be wise to head straight to the bargain bin. To help you sift through the pile, we asked a few Motley Fool contributors for their top tech stocks right now. They came back with <b>Etsy</b> (NASDAQ:ETSY), <b>SoFi Technologies</b> (NASDAQ:SOFI), and <b><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a></b> (NYSE:SNOW). Here's why.</p>\n<h2>Etsy is becoming more fashionable (at a discount)</h2>\n<p><b>Brian Withers (Etsy): </b>Etsy seemed to be an overnight success as millions discovered the platform last year when searching online to buy face masks amid the coronavirus pandemic. Since then its artisans have sold $948 million worth of masks. But those investors who think this tech-powered marketplace is just a coronavirus play couldn't be more wrong. Let's dive into the company's latest results and see why this gem could be a steal at 20% below its all-time high.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metric</p></th>\n   <th><p>Q1 FY2020</p></th>\n   <th><p>Q4 FY2020</p></th>\n   <th><p>Q1 FY2021</p></th>\n   <th><p>Change (QOQ)</p></th>\n   <th><p>Change (YOY)</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p>Gross merchandise sales (GMS)</p></td>\n   <td><p>$1.4 billion</p></td>\n   <td><p>$3.6 billion</p></td>\n   <td><p>$3.1 billion</p></td>\n   <td><p>(14%)</p></td>\n   <td><p>127%</p></td>\n  </tr>\n  <tr>\n   <td><p>Revenue</p></td>\n   <td><p>$228 million</p></td>\n   <td><p>$617 million</p></td>\n   <td><p>$551 million</p></td>\n   <td><p>(11%)</p></td>\n   <td><p>142%</p></td>\n  </tr>\n  <tr>\n   <td><p>Active buyers*</p></td>\n   <td><p>47.1 million</p></td>\n   <td><p>80.9 million</p></td>\n   <td><p>89.7 million</p></td>\n   <td><p>11%</p></td>\n   <td><p>90%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Etsy. QOQ = quarter over quarter. YOY = year over year. *An active buyer is <a href=\"https://laohu8.com/S/AONE.U\">one</a> that has made a purchase in the last 12 months.</p>\n<p>Gross merchandise sales on its platform declined from the holiday quarter coming into the first quarter bringing revenue down 11% quarter over quarter. But the year-over-year changes were robust, with a 127% increase in GMS, a 142% increase in the top line, and a 90% increase in active buyers.</p>\n<p>Sequentially, buyer metrics were strong across the board, showing that this platform is attracting and keeping customers, even as the coronavirus wanes. Repeat buyers grew 13% sequentially to 36.4 million and habitual buyers grew 22% to a record 7.9 million. Repeat buyers have more than one purchase day in the last 12 months, and habitual buyers rack up six purchase days in that same time period. What's even more impressive is that GMS per active buyer also hit a record of $124 in the quarter, a 20% year-over-year improvement.</p>\n<p>But the company is not resting on its laurels. A recent acquisition of fashion reseller Depop for $1.6 billion bolsters its apparel category, which put up $1.2 billion in GMS over the previous 12 months and a solid 83% year-over-year growth for the quarter. The Depop brand strengthens the company's stranglehold on \"special\" e-commerce, where 88% of buyers said they find products on Etsy that they can't find anywhere else. But wait, there's more. Last month, it extended its merger and acquisition run with a $217 million purchase of Elo7, the Etsy of Brazil. Between these two acquisitions, the company will have its hands full with integration activities and pursuing more growth in the quarters to come.</p>\n<p>With the stock off its high, don't be fooled into thinking this pullback makes the stock a bargain. It still carries a lofty valuation that might scare off value investors. Its price-to-sales ratio is in the double digits at 13 and its trailing price-to-earnings ratio tops 50. But growth investors know that they need to pay up for quality and this marketplace for artisans is a one of a kind. I couldn't pass up the value this stock is presenting right now and picked up some shares myself this past week. Maybe you'll consider joining me?</p>\n<h2>A fintech monster in the making</h2>\n<p><b>Danny Vena (SoFi Technologies): </b>Sometimes a stock goes on sale for reasons that have nothing to do with the company's business -- and that's exactly the case with SoFi Technologies. To understand what's happening with the share price requires a look at some of the provisions in the company's lock-up agreement.</p>\n<p>The special purpose acquisition company (SPAC) merger between Chamath Palihapitiya's Social Capital Hedosophia Holdings V and Social Finance was completed on May 28, and SoFi Technologies began trading on June 1. The completion of that merger started the clock ticking on the company's traditional lockup period of 180 days -- the period after which insiders and early investors could sell the stock.</p>\n<p>There were some unusual provisions included in the lock-up agreement, however, that would trigger an early end to the lock-up period for a large chunk of the shares.</p>\n<p>If SoFi stock traded above $12.50 for any 20 days during a 30-day period, 33% of the shares subject to the lock-up would be released early. For context, SoFi opened at $22.97 on June 1 and never traded below the $12.50 threshold for the entire month -- thus triggering the early release of 33% of the shares from the lock-up period.</p>\n<p>The second provision stated that if SoFi stock traded above $15 any 20 days during a 30-day period, an additional 50% of shares subject to the lock-up would be released early. SoFi stock never traded below $18.50 per share during the month of June -- triggering the early release of another 50% of shares subject to the lock-up.</p>\n<p>The flood of new shares on the market and short-selling that preceded the end of the lockup conspired to drive the stock price down. As of this writing, SoFi stock has fallen 37% from its high in early June. In cases like this, however, it's important to look to the company's business performance for insight into the future.</p>\n<p>In the first quarter, SoFi delivered revenue that grew 150% year over year, while some of its segments did even better. Its lending segment grew 105%, its technology business soared 45-fold, and its financial services segment jumped 200%. At the same time, SoFi generated its third consecutive quarter of positive adjusted EBITDA, setting the stage for future profitability.</p>\n<p>Other metrics illustrate the reasons for the company's surging revenue growth. Members grew 110% year over year, while its lending and financial services product offerings grew 12% and 273%, respectively.&nbsp; The number of accounts related to its Galileo financial services platform ballooned 130%.</p>\n<p>These metrics help illustrate that SoFi is firing on all cylinders. Investors should ignore the stock price decline related to the expiration of the lock-up agreement and buy shares now, while they're on sale.</p>\n<h2><b>This stock isn't melting down just yet&nbsp;</b></h2>\n<p><b>Chris Neiger (Snowflake):</b> Since the beginning of this year, shares of the cloud-based data platform company Snowflake have tumbled nearly 6%. The company's stock has taken a hit for several reasons that are worth a quick recap. Here are two:</p>\n<p>First, Snowflake's share price began falling in February as part of a broader sell-off of tech stocks in the market. Many investors poured money into tech stocks in 2020 as they looked for businesses that could still do well during pandemic-induced lockdowns.</p>\n<p>But then investors pivoted their attention away from tech stocks and toward other areas of the U.S. economy, sending Snowflake's and other tech companies' share prices tumbling.</p>\n<p>Second, some investors sold their Snowflake shares after the company reported its fiscal-year 2021 results in March. Sales spiked 124% from the previous year, but its net loss widened and some investors got scared Snowflake's run was over.</p>\n<p>While it's no surprise that investors don't like to see a company's losses widen, it appears that investors overlooked the company's&nbsp;impressive growth stats from its first quarter (reported in May) including having more than 100 customers who spend more than $1 million each with company every year.</p>\n<p>In fact, Snowflake is growing so fast that its management believes it will surpass $10 <i>billion</i> in product revenue by 2029.&nbsp;That impressive figure will be achieved by adding new customers and convincing them to continue spending more money on Snowflake's platform -- two things that are already happening.</p>\n<p>Snowflake now has 4,532 total customers and its net revenue retention rate is 168%. That means Snowflake's customers continue to see value from its services and continue to increase their spending with the company.</p>\n<p>With Snowflake still in the early stages of its growth, investors should remain patient with this company. The recent pullback from the company's share price is creating a buying opportunity for savvy investors -- and in the coming years, you'll likely be glad you added this tech stock to your portfolio.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Tech Stocks to Buy While They Are on Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Tech Stocks to Buy While They Are on Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-26 14:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/25/3-tech-stocks-to-buy-while-they-are-on-sale/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Many technology stocks were big winners in 2020, but when the new year began investors seemed to lose a bit of their enthusiasm for the sector. Perhaps investors thought that tech stocks were flying ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/25/3-tech-stocks-to-buy-while-they-are-on-sale/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake","SOFI":"SoFi Technologies Inc.","ETSY":"Etsy, Inc."},"source_url":"https://www.fool.com/investing/2021/07/25/3-tech-stocks-to-buy-while-they-are-on-sale/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154893468","content_text":"Many technology stocks were big winners in 2020, but when the new year began investors seemed to lose a bit of their enthusiasm for the sector. Perhaps investors thought that tech stocks were flying too high or that other sectors could grow faster as the economy opened back up.\nWhatever the case, some fantastic technology stocks are currently on sale and savvy investors would be wise to head straight to the bargain bin. To help you sift through the pile, we asked a few Motley Fool contributors for their top tech stocks right now. They came back with Etsy (NASDAQ:ETSY), SoFi Technologies (NASDAQ:SOFI), and Snowflake (NYSE:SNOW). Here's why.\nEtsy is becoming more fashionable (at a discount)\nBrian Withers (Etsy): Etsy seemed to be an overnight success as millions discovered the platform last year when searching online to buy face masks amid the coronavirus pandemic. Since then its artisans have sold $948 million worth of masks. But those investors who think this tech-powered marketplace is just a coronavirus play couldn't be more wrong. Let's dive into the company's latest results and see why this gem could be a steal at 20% below its all-time high.\n\n\n\nMetric\nQ1 FY2020\nQ4 FY2020\nQ1 FY2021\nChange (QOQ)\nChange (YOY)\n\n\n\n\nGross merchandise sales (GMS)\n$1.4 billion\n$3.6 billion\n$3.1 billion\n(14%)\n127%\n\n\nRevenue\n$228 million\n$617 million\n$551 million\n(11%)\n142%\n\n\nActive buyers*\n47.1 million\n80.9 million\n89.7 million\n11%\n90%\n\n\n\nData source: Etsy. QOQ = quarter over quarter. YOY = year over year. *An active buyer is one that has made a purchase in the last 12 months.\nGross merchandise sales on its platform declined from the holiday quarter coming into the first quarter bringing revenue down 11% quarter over quarter. But the year-over-year changes were robust, with a 127% increase in GMS, a 142% increase in the top line, and a 90% increase in active buyers.\nSequentially, buyer metrics were strong across the board, showing that this platform is attracting and keeping customers, even as the coronavirus wanes. Repeat buyers grew 13% sequentially to 36.4 million and habitual buyers grew 22% to a record 7.9 million. Repeat buyers have more than one purchase day in the last 12 months, and habitual buyers rack up six purchase days in that same time period. What's even more impressive is that GMS per active buyer also hit a record of $124 in the quarter, a 20% year-over-year improvement.\nBut the company is not resting on its laurels. A recent acquisition of fashion reseller Depop for $1.6 billion bolsters its apparel category, which put up $1.2 billion in GMS over the previous 12 months and a solid 83% year-over-year growth for the quarter. The Depop brand strengthens the company's stranglehold on \"special\" e-commerce, where 88% of buyers said they find products on Etsy that they can't find anywhere else. But wait, there's more. Last month, it extended its merger and acquisition run with a $217 million purchase of Elo7, the Etsy of Brazil. Between these two acquisitions, the company will have its hands full with integration activities and pursuing more growth in the quarters to come.\nWith the stock off its high, don't be fooled into thinking this pullback makes the stock a bargain. It still carries a lofty valuation that might scare off value investors. Its price-to-sales ratio is in the double digits at 13 and its trailing price-to-earnings ratio tops 50. But growth investors know that they need to pay up for quality and this marketplace for artisans is a one of a kind. I couldn't pass up the value this stock is presenting right now and picked up some shares myself this past week. Maybe you'll consider joining me?\nA fintech monster in the making\nDanny Vena (SoFi Technologies): Sometimes a stock goes on sale for reasons that have nothing to do with the company's business -- and that's exactly the case with SoFi Technologies. To understand what's happening with the share price requires a look at some of the provisions in the company's lock-up agreement.\nThe special purpose acquisition company (SPAC) merger between Chamath Palihapitiya's Social Capital Hedosophia Holdings V and Social Finance was completed on May 28, and SoFi Technologies began trading on June 1. The completion of that merger started the clock ticking on the company's traditional lockup period of 180 days -- the period after which insiders and early investors could sell the stock.\nThere were some unusual provisions included in the lock-up agreement, however, that would trigger an early end to the lock-up period for a large chunk of the shares.\nIf SoFi stock traded above $12.50 for any 20 days during a 30-day period, 33% of the shares subject to the lock-up would be released early. For context, SoFi opened at $22.97 on June 1 and never traded below the $12.50 threshold for the entire month -- thus triggering the early release of 33% of the shares from the lock-up period.\nThe second provision stated that if SoFi stock traded above $15 any 20 days during a 30-day period, an additional 50% of shares subject to the lock-up would be released early. SoFi stock never traded below $18.50 per share during the month of June -- triggering the early release of another 50% of shares subject to the lock-up.\nThe flood of new shares on the market and short-selling that preceded the end of the lockup conspired to drive the stock price down. As of this writing, SoFi stock has fallen 37% from its high in early June. In cases like this, however, it's important to look to the company's business performance for insight into the future.\nIn the first quarter, SoFi delivered revenue that grew 150% year over year, while some of its segments did even better. Its lending segment grew 105%, its technology business soared 45-fold, and its financial services segment jumped 200%. At the same time, SoFi generated its third consecutive quarter of positive adjusted EBITDA, setting the stage for future profitability.\nOther metrics illustrate the reasons for the company's surging revenue growth. Members grew 110% year over year, while its lending and financial services product offerings grew 12% and 273%, respectively.  The number of accounts related to its Galileo financial services platform ballooned 130%.\nThese metrics help illustrate that SoFi is firing on all cylinders. Investors should ignore the stock price decline related to the expiration of the lock-up agreement and buy shares now, while they're on sale.\nThis stock isn't melting down just yet \nChris Neiger (Snowflake): Since the beginning of this year, shares of the cloud-based data platform company Snowflake have tumbled nearly 6%. The company's stock has taken a hit for several reasons that are worth a quick recap. Here are two:\nFirst, Snowflake's share price began falling in February as part of a broader sell-off of tech stocks in the market. Many investors poured money into tech stocks in 2020 as they looked for businesses that could still do well during pandemic-induced lockdowns.\nBut then investors pivoted their attention away from tech stocks and toward other areas of the U.S. economy, sending Snowflake's and other tech companies' share prices tumbling.\nSecond, some investors sold their Snowflake shares after the company reported its fiscal-year 2021 results in March. Sales spiked 124% from the previous year, but its net loss widened and some investors got scared Snowflake's run was over.\nWhile it's no surprise that investors don't like to see a company's losses widen, it appears that investors overlooked the company's impressive growth stats from its first quarter (reported in May) including having more than 100 customers who spend more than $1 million each with company every year.\nIn fact, Snowflake is growing so fast that its management believes it will surpass $10 billion in product revenue by 2029. That impressive figure will be achieved by adding new customers and convincing them to continue spending more money on Snowflake's platform -- two things that are already happening.\nSnowflake now has 4,532 total customers and its net revenue retention rate is 168%. That means Snowflake's customers continue to see value from its services and continue to increase their spending with the company.\nWith Snowflake still in the early stages of its growth, investors should remain patient with this company. The recent pullback from the company's share price is creating a buying opportunity for savvy investors -- and in the coming years, you'll likely be glad you added this tech stock to your portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179687554,"gmtCreate":1626519058378,"gmtModify":1633926082711,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/179687554","repostId":"1149577900","repostType":4,"isVote":1,"tweetType":1,"viewCount":107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":179687156,"gmtCreate":1626519042275,"gmtModify":1633926083057,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/179687156","repostId":"2152686879","repostType":4,"repost":{"id":"2152686879","kind":"news","pubTimestamp":1626487020,"share":"https://www.laohu8.com/m/news/2152686879?lang=&edition=full","pubTime":"2021-07-17 09:57","market":"us","language":"en","title":"Monmouth Real Estate Investment Corporation Announces Receipt of Amendment to Unsolicited Acquisition Proposal","url":"https://stock-news.laohu8.com/highlight/detail?id=2152686879","media":"StreetInsider","summary":"No Action Needs to be Taken by Monmouth Shareholders at This Time\nHOLMDEL, N.J., July 16, 2021 (GLOB","content":"<p><i>No Action Needs to be Taken by Monmouth Shareholders at This Time</i></p>\n<p><b>HOLMDEL, N.J., July 16, 2021 (GLOBE NEWSWIRE) -- </b><a href=\"https://laohu8.com/S/MNR\">Monmouth Real Estate Investment</a> Corporation (NYSE: MNR, “Monmouth” or “the Company”) today announced that it received an amendment to the unsolicited acquisition proposal it previously received on July 8, 2021 from a certain large private investment firm. The amendment to the proposal reflects an increase of $0.18 per share in the consideration that would be paid for each share of Monmouth Common Stock, resulting in a net cash consideration of $18.88 per share, reflecting a stated purchase price of $19.51 per share reduced by the termination fee of approximately $62.2 million, or $0.63 per share, if Monmouth terminates the merger agreement it previously entered into with <a href=\"https://laohu8.com/S/EQCN\">Equity Commonwealth</a> (“EQC”) in accordance with its terms to accept the amended proposal. The increase results from the investment firm’s decision that the purchase price would no longer be reduced by the $0.18 per share dividend on Monmouth’s common stock previously declared by Monmouth’s Board on July 1, 2021 and payable on or about September 15, 2021. On July 16, 2021, Monmouth’s common shares closed at $19.23 per share.</p>\n<p>As previously announced, on May 4, 2021, Monmouth entered into a definitive merger agreement with EQC pursuant to which EQC agreed to acquire Monmouth in an all-stock transaction valued at approximately $3.4 billion, including the assumption of debt. The combined company is expected to have a pro forma equity market capitalization of approximately $5.5 billion.</p>\n<p>Consistent with its statutory duties and in consultation with its financial and legal advisors, Monmouth’s Board is now evaluating the amended proposal and has not made any determination as to what action to take in response to the proposal. The Company’s Board intends to respond to the proposal in due course and remains committed to acting in the best interests of the Company and its shareholders.</p>\n<p>J.P. Morgan Securities LLC and CS Capital Advisors, LLC are acting as financial advisors and Stroock &amp; Stroock &amp; Lavan LLP is serving as legal advisor to Monmouth.</p>\n<p><b>About Monmouth</b></p>\n<p>Monmouth Real Estate Investment Corporation, founded in 1968, is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants. Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 120 properties containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states. The Company’s occupancy rate as of this date is 99.7%.</p>","source":"highlight_streetinsider","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>Monmouth Real Estate Investment Corporation Announces Receipt of Amendment to Unsolicited Acquisition Proposal</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\">\nMonmouth Real Estate Investment Corporation Announces Receipt of Amendment to Unsolicited Acquisition Proposal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-17 09:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18688854><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>No Action Needs to be Taken by Monmouth Shareholders at This Time\nHOLMDEL, N.J., July 16, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR, “Monmouth” or “the Company”) ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18688854\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MNR":"Mach Natural Resources L.P."},"source_url":"https://www.streetinsider.com/dr/news.php?id=18688854","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152686879","content_text":"No Action Needs to be Taken by Monmouth Shareholders at This Time\nHOLMDEL, N.J., July 16, 2021 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE: MNR, “Monmouth” or “the Company”) today announced that it received an amendment to the unsolicited acquisition proposal it previously received on July 8, 2021 from a certain large private investment firm. The amendment to the proposal reflects an increase of $0.18 per share in the consideration that would be paid for each share of Monmouth Common Stock, resulting in a net cash consideration of $18.88 per share, reflecting a stated purchase price of $19.51 per share reduced by the termination fee of approximately $62.2 million, or $0.63 per share, if Monmouth terminates the merger agreement it previously entered into with Equity Commonwealth (“EQC”) in accordance with its terms to accept the amended proposal. The increase results from the investment firm’s decision that the purchase price would no longer be reduced by the $0.18 per share dividend on Monmouth’s common stock previously declared by Monmouth’s Board on July 1, 2021 and payable on or about September 15, 2021. On July 16, 2021, Monmouth’s common shares closed at $19.23 per share.\nAs previously announced, on May 4, 2021, Monmouth entered into a definitive merger agreement with EQC pursuant to which EQC agreed to acquire Monmouth in an all-stock transaction valued at approximately $3.4 billion, including the assumption of debt. The combined company is expected to have a pro forma equity market capitalization of approximately $5.5 billion.\nConsistent with its statutory duties and in consultation with its financial and legal advisors, Monmouth’s Board is now evaluating the amended proposal and has not made any determination as to what action to take in response to the proposal. The Company’s Board intends to respond to the proposal in due course and remains committed to acting in the best interests of the Company and its shareholders.\nJ.P. Morgan Securities LLC and CS Capital Advisors, LLC are acting as financial advisors and Stroock & Stroock & Lavan LLP is serving as legal advisor to Monmouth.\nAbout Monmouth\nMonmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment grade tenants. Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 120 properties containing a total of approximately 24.5 million rentable square feet, geographically diversified across 31 states. The Company’s occupancy rate as of this date is 99.7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833420719,"gmtCreate":1629256526631,"gmtModify":1633686167401,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/833420719","repostId":"1181607588","repostType":4,"repost":{"id":"1181607588","kind":"news","pubTimestamp":1629256236,"share":"https://www.laohu8.com/m/news/1181607588?lang=&edition=full","pubTime":"2021-08-18 11:10","market":"us","language":"en","title":"SoFi Technologies: Why The Market Got It All Wrong","url":"https://stock-news.laohu8.com/highlight/detail?id=1181607588","media":"seekingalpha","summary":"Summary\n\nSoFi just reported strong Q2 2021 financial results with accelerating growth across its usa","content":"<p><b>Summary</b></p>\n<ul>\n <li>SoFi just reported strong Q2 2021 financial results with accelerating growth across its usage metrics, most of which grew by &gt;100%.</li>\n <li>Adjusted revenue for the quarter climbed 74% YoY and was based on a diverse revenue mix from SoFi’s three core business segments.</li>\n <li>However, investors got spooked by a net loss of &gt;$150 million for the quarter and a muted guidance for H2 2021.</li>\n <li>Management made it clear that net loss was impacted by a deferred tax liability from Galileo, while guidance was reiterated despite a $40M headwind from the CARES Act prolongation.</li>\n <li>SoFi is diversifying its business and makes significant progress in terms of multi-product adoption, which will be key for future growth. The 15% drop in shares is a clear overreaction.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe3e6f7bf5e8cff3ceb162bee495437a\" tg-width=\"1536\" tg-height=\"910\" width=\"100%\" height=\"auto\"><span>ipopba/iStock via Getty Images</span></p>\n<p><b>Summary</b></p>\n<p>SoFi Technologies (SOFI) is a fintech company that offers a multitude of digital financial services to customers under its three key business segments, i.e.:</p>\n<p>1) Lending, which includes personal, home, and student loans;</p>\n<p>2) Financial Services, including savings, spending, investment accounts, as well as various debit and credit card services;</p>\n<p>3) Financial technology, which primarily consists of Galileo, a market-leading financial technology infrastructure provider thatSoFi acquired in May 2020.</p>\n<p>The company aims to become a one-stop-shop for digital financial services and is well on its way to do so.</p>\n<p>SoFi just reported its first set of financial results since becoming a public company, and results were quite strong for the Q2 2021 quarter:</p>\n<ul>\n <li>The company showed accelerating growth across its usage metrics, most of which grew by &gt;100%;</li>\n <li>Revenues also grew triple-digits at 101% year over year (YoY) to $231.3 million, while adjusted net revenue for the quarter climbed 74% YoY and came in well above guidance of between 58 to 61% YoY growth;</li>\n <li>Growth in members and products accelerated as well, all growing by triple-digit percentages, and marking the 8th consecutive quarter of accelerating YoY growth in total members forSoFi.</li>\n <li>In addition, the company generated $61 million of positive EBITDA over the past 12 months, a significant improvement from the $149 million of losses experienced for the full year of 2019.</li>\n</ul>\n<p>But these numbers were not enough to satisfy investor appetite. In fact, investors rushed out of the stock and shares ofSoFi plunged as much as 15% after the release of results. The stock is now down around -37% over the past 6 months at a market capitalization of around $12 billion.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3534b25722128f58c73322ad0b9b2001\" tg-width=\"635\" tg-height=\"417\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>Seemingly, most of the negative reaction to the Q2 results was based on the fact that the company's net loss increased significantly during the quarter. In addition, the company issued guidance for the second half of 2021 that was&nbsp;below what analysts had predicted.</p>\n<p>We believe the market's reaction toSoFi's numbers is well overblown as both factors, the net loss, as well as the guidance can be attributed to one-time impacts or non-cash items, which we'll explain in more detail below.SoFi's CEO Anthony Noto made it clear on the conference call that the company is accelerating its business across almost every metric. And while it may take some time for investors to understandSoFi's competitive advantage and growth runway, we believe that at current levelsSoFi shares are way oversold.</p>\n<p>This article won't focus on a detailed description of the business, but will highlight the most recent financial results. For a deep-dive into the company's business model, opportunities and risks, go visit&nbsp;our previous article&nbsp;on SoFi.</p>\n<p><b>The Numbers</b></p>\n<p>SoFi reported very strong Q2 financial results:</p>\n<p>Adjusted Revenue for the quarter climbed 74% YoY, way above management's initial guidance of between 58 to 61% growth, and well above analyst expectations. Furthermore, the company had another quarter of positive EBITDA, which reached $11 million for the quarter, up $35 million YoY from negative ($24) million in Q2 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f2326005d2400bf2a6257b4b187d2bc8\" tg-width=\"640\" tg-height=\"284\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>On an annualized basis,SoFi achieved to bring in $852 million in adjusted net revenue and $61 million in adjusted EBITDA, despite some one-time headwinds in the quarter and alongside aggressive investments in the future growth of the company.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dad9c230f84bb4059516cd54c4a45f45\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>Most importantly, activity onSoFi's platform is accelerating across all areas.SoFi reported the 8th consecutive quarter of accelerating YoY growth for their total members, which reached 2.56 million for the quarter, up from 1.2 million in the Q2 2020 quarter (representing growth of 113%), and up 12% sequentially from Q1.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0fb7e3b27b52cca163a823c883e4af0a\" tg-width=\"640\" tg-height=\"304\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>The quarter also showed continued accelerating YoY growth in Products, which were up 123% to reach 3.7 million.SoFi added more than +2 million products on a YoY comparison, representing 123% YoY growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/024d45093cab2fb40cba8ab7d9bd4744\" tg-width=\"640\" tg-height=\"297\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>Galileo, their financial technology platform, reached 79 million accounts, up from 36 million, representing growth of 119% in the quarter as the company added 42.9 million new accounts to their financial technology offering.</p>\n<p>Galileo now posted greater than 100% YoY growth for the last four quarters for Galileo. The platform is a key cornerstone forSoFi's future growth and the fact that they are growing triple-digits and, for the first time, crossed $100 billion of annualized payment volume in July, shows that the business not only has significant scale already but also has a real competitive advantage as reflected by the YoY growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1b72ef771e256023ab2cc56f48f9a10\" tg-width=\"640\" tg-height=\"281\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>Lastly,SoFi's business is diversifying in a significant way. Overall member growth for the business was driven by significant expansion in the Financial Services segment, withSoFi Invest andSoFi Money more than tripling the number of Financial Services segment products, to nearly 2.7 million, up from approximately 783,000 vs. Q2 2020. In the most recent quarter Financial Services segment products were nearly three times the number of Lending Products which shows how strongly the business is diversifying away from its initial lending arm (notwithstanding that loan originations still increased by a very strong 66% YoY). The 3x greater scale supported to drive a 1.7x increase in the number of products that were cross-bought by members already active on the platform in comparison to Q2 2020, as noted by the CEO during the conference call.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd0fb00ddf2b10ee7226b966df927eb7\" tg-width=\"640\" tg-height=\"271\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p><b>The Number That Spooked Investors</b></p>\n<p>The one thing that let many investors to sell the stock ofSoFi after the earnings report was that the company reported a significant net loss of $165.3 million compared to a still positive net income of $7.8 million in the prior year quarter. However, as the company&nbsp;explained during the conference call, this was largely due to a one-time item in relation to the business combination with Galileo, as well as non-cash items like stock-based compensation (SBC):</p>\n<blockquote>\n We remeasured our valuation allowance during 2020 as a result of the deferred tax liabilities recognized in connection with our acquisition of Galileo, which decreased the valuation allowance by $99.8 million. The absence of that tax benefit, together with significant non-cash stock-based compensation expenses and fair value changes in warrants primarily related to the fair market value ofSoFi stock, were the largest contributors to the current period net loss.\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae29dddc9bc00f8fa31eb7cbee8ca3d5\" tg-width=\"640\" tg-height=\"219\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>In addition to management's remarks, investors should take a closer look atSoFi's income statement, where it becomes clearer what drove the net loss. The&nbsp;SEC filing&nbsp;shows that management's cost management is actually very prudent as non-interest expenses, including investments into technology and products, sales and marketing, as well as operating costs only increased by 45%, 48%, 46% respectively which is much lower than the company's +74% revenue growth. Only general and administrative expenses more than tripled during the quarter. Digging deeper into the SEC filing reveals that the big chunk of G&amp;A expenses came from aforementioned $99.8 million in deferred tax liabilities as a result of the acquisition of Galileo, and stock-based compensation as a result of being a public company (see items marked below).</p>\n<p><img src=\"https://static.tigerbbs.com/1d9473db3f6390b5bfb72b27246d0601\" tg-width=\"640\" tg-height=\"409\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e0113b16a7131123dee0e6ebaf065ebb\" tg-width=\"640\" tg-height=\"215\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>If you exclude the one-time item of deferred tax liabilities of $99.8 million, and adjust for three months of SBC with around half of the previous six months SBC expense, thenSoFi's net loss would have only been around negative $(20) million for the quarter (note that this is based on the author's rough estimates and should not be regarded as an accurate reflection of the actual numbers).</p>\n<p>With that back-of-the-envelope calculation in mind, we are not particularly worried about the net loss that was reported for the quarter relative to the strong top-line growth thatSoFi reported.SoFi's numbers clearly indicate that the business is accelerating in growth, diversifying its services rapidly, while we see cross-selling activity ramping up within its customer-base which should provide some important efficiency gains in the future in terms of reduced customer acquisition costs and improved margins. This aspect becomes much clearer when we also take a look at the results from the individual business segments and the respective contribution profit metrics:</p>\n<p><b>1) Lending Segment</b>-SoFi generated adjusted net revenue of $172 million, growing 47% YoY, with a contribution profit of $89 million. The increase was largely driven by personal loan originations, which grew by 188% YoY. In addition, contribution profit (marked below) increased by 80% YoY and respective margins improved to 52% compared to a 42% margin in the prior year quarter - and that was alongside an incremental increase of investment into the business of +$15.3 million for the quarter. Margin improvement was driven by operating efficiencies (e.g. more than 50% of personal loans were fully automated vs. less than 30% one year ago) alongside prudent spending in marketing that has brought cost per funded loan down.</p>\n<p>SoFi highlighted in the conference call that growth in this segment was achieved despite noticeable headwinds in the student loans business from the government's CARES-act prolongation, with $859 million in origination volume in the quarter representing less than half of pre-CARES levels.</p>\n<p><img src=\"https://static.tigerbbs.com/cf0b085e6372cd1774f4feac9ca4e2d0\" tg-width=\"640\" tg-height=\"289\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p><img src=\"https://static.tigerbbs.com/3c4af0c2068e800edbbe1728761f863b\" tg-width=\"640\" tg-height=\"165\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15729a0e43c025e7ab40d6017ff0f259\" tg-width=\"640\" tg-height=\"148\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p><b>2) Financial Services Segment</b>- net revenue for this segment for the 2nd quarter reached $17.0 million vs. $2.4 million in Q2 2020, representing growth of a mind-blowing 602% YoY. With a 6x growth rate there is not much doubt that the business is successfully attracting customers, while making significant progress also in terms of cross-selling and multi-product-adoption, which will be an important aspect in reducing customer acquisition costs and driving higher lifetime value per customer. Another important aspect is that the incremental YoY revenue increase is offsetting the increased costs attributable to the segment, which was a $8.5 million YoY increase in expenses vs. a $14.6 million increase in revenue vs. Q2 2020, resulting in an improved contribution metric where losses decreased by 20% YoY.</p>\n<p>The Financial Services Segment also showed strong product growth across all offerings as total products in this segment grew by 243% YoY.SoFi doesn't rest on its laurels as the company has just launched a new equity capital markets and advisory business in the second quarter, which will be interesting to watch.</p>\n<p><img src=\"https://static.tigerbbs.com/0049b49eeb97244d71a3c9e5e580b1bb\" tg-width=\"640\" tg-height=\"147\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72aecb1a11aaee4636651095b20bd195\" tg-width=\"640\" tg-height=\"181\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p><b>3) Technology Platform</b>- this segment primarily reports results fromSoFi's financial technology offering Galileo, which saw total net revenue increase by 138% YoY reaching $45.3 million vs. $19 million in the prior year quarter. Total Galileo accounts reached 79 million accounts, up from 36 million, representing growth of 119% in the quarter. Galileo also just crossed $100 billion of annualized payment volume in July as noted during the&nbsp;conference call.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c567a3c581104d33cb959ebe63c33606\" tg-width=\"640\" tg-height=\"148\" width=\"100%\" height=\"auto\"><span>Source:SoFi</span></p>\n<p>SoFi is aggressively investing to position Galileo for strong future growth, e.g. by moving operations from on-premise to the cloud, while nearly doubling its headcount and expanding into new geographies. Management mentioned that they are nearing completion of building out a new cloud computing environment for Galileo which is supposed to replace the on premises environment, including the preparation of migrating existing clients to the cloud in Q3. While this contributed to a significant increase in expenses and impacted the resulting contribution profit for this segment,SoFi was still able to show YoY growth in contribution profit of 8%. It is important to see that management is pursuing all efforts to continue to accelerate growth in one of their key differentiating business segments, which Galileo clearly represents. What Amazon did for retail or the cloud with pioneering its AWS offering, could be replicated through Galileo as they are on track to position it as the leading financial technology offering and backbone to the global financial technology industry.</p>\n<p><b>Management Guidance</b></p>\n<p>For the third quarter of 2021SoFi's management expects adjusted net revenue of $245 million to $255 million, representing only around 15% growth vs. the prior year quarter, which is markedly lower than the $270.2M&nbsp;average estimate from two analysts. Adjusted EBITDA is expected to come in between negative $(7) million to positive $3 million. The expected top-line growth seems to be quite conservative but has surprised many investors who expected much higher growth rates, especially afterSoFi just reported a +74% growth in the most recent quarter.</p>\n<p>While the guidance was a significant factor contributing to the sell-off inSoFi's shares, we believe that investors shouldn't put too much focus on the headlines of „missed\" guidance. The fact thatSoFi is sticking to its initial guidance of adjusted net revenue of $980 million and adjusted EBITDA of positive $27 million is the most important take-away.<b>Management was able to reiterate its guidance despite a significant negative expected planning impact on student loan refinancing revenues of negative $40M following the government's extension of the CARES Act moratorium</b>&nbsp;on student loan payments from Sept. 30, 2021 to Jan. 31, 2022. The company now expects a rebound in the student loan refinancing business early next year while, so far, management had planned for the CARES Act to end on September 30 in its initial guidance. In addition, the company also expects a smaller negative impact from the reduced Technology Platform revenue estimate of $12 million based on the minority stake in APEX thatSoFi bought bac (contribution from the investment ended in January 2021).</p>\n<p>Even despite this significant $40 million negative revenue impact toSoFi's original guidance, plus the originally included $12 million of expected 2021 revenue from the equity investment in APEX, the company did not lower its guidance but was able to reassure investors that the other business segments can outweigh these headwinds, which is a strong validation ofSoFi's diversified business, which will enable the company to maneuver through even difficult periods that may affect one of its business segments from time to time.</p>\n<p>Lastly, management pointed out a clear cost management strategy relative to its growth prospects which should re-assure investors that at some point the company will be back to positive net income alongside robust topline growth:</p>\n<blockquote>\n ...we continue invest aggressively in our business to fuel compounding growth, while still delivering profitability to our shareholders. This combination is not easy, but we are committed to contributing around 30% of incremental revenue to the bottom line and reinvest the remaining 70% in bolstering our product innovation to drive decades of compounding growth. Even as we invest aggressively in technology, marketing and people, we continue to realize cost efficiencies, which is beginning to drive real operating leverage. By leveraging cross buying and better gaining realization and targeting we've reduced sales and marketing as a percentage of revenue and customer acquisition cost meaningfully year-over-year.\n</blockquote>\n<p>Lastly, investors were also keen to hear any updates on the anticipated Bank Charter thatSoFi is pursuing. CEO Anthony Noto mentioned during the conference call that the company is working closely with the Federal Reserve Bank and the OCC in a „constructive process\", but they also reiterated that there's not a definitive timeline to the process itself - so we are still waiting for an update on the bank charter. As previously reported,SoFi filed for a banking charter&nbsp;in July 2020.SoFi's career postings suggest they are building out senior management and teams for the much-anticipated banking division, includingrecent job postingsin compliance, software engineering or auditing.</p>\n<p><b>Conclusion</b></p>\n<p>There was a lot to like inSoFi's first quarterly report as a public company. We believe the sell-off in the company's shares is an overreaction. The muted guidance, or to put it more positively, the fact that management was able to reiterate its initial guidance for FY 2021 despite the significant negative $40 million impact from the prolongation of the CARES act as management no longer expects a tick-up in the student loan financing business in 2021, should actually be seen as a positive sign that the company's business is building up an important diversification of its business as the other business segments can compensate for these headwinds. While there is a risk that the government may continue to prolong the CARES act moratorium, which would negatively impactSoFi's student loan business, the company is now well diversified to outweigh any negative impact, and the set-up also creates some opportunity for upside surprises as we head into 2022, where the company now expects the tick-up in student loan refinancing to happen.</p>\n<p>In conclusion,SoFi is diversifying its business and is making significant progress in terms of cross-selling and multi-product-adoption amongst its customer base, which will be an important aspect in reducing customer acquisition costs, better margins and driving higher lifetime value per customer. We are encouraged to see how short-term headwinds are compensated by other fast-growing business segments. We remain long the stock.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoFi Technologies: Why The Market Got It All Wrong</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\">\nSoFi Technologies: Why The Market Got It All Wrong\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-18 11:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4450048-sofi-technologies-market-got-it-wrong><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSoFi just reported strong Q2 2021 financial results with accelerating growth across its usage metrics, most of which grew by >100%.\nAdjusted revenue for the quarter climbed 74% YoY and was ...</p>\n\n<a href=\"https://seekingalpha.com/article/4450048-sofi-technologies-market-got-it-wrong\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://seekingalpha.com/article/4450048-sofi-technologies-market-got-it-wrong","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181607588","content_text":"Summary\n\nSoFi just reported strong Q2 2021 financial results with accelerating growth across its usage metrics, most of which grew by >100%.\nAdjusted revenue for the quarter climbed 74% YoY and was based on a diverse revenue mix from SoFi’s three core business segments.\nHowever, investors got spooked by a net loss of >$150 million for the quarter and a muted guidance for H2 2021.\nManagement made it clear that net loss was impacted by a deferred tax liability from Galileo, while guidance was reiterated despite a $40M headwind from the CARES Act prolongation.\nSoFi is diversifying its business and makes significant progress in terms of multi-product adoption, which will be key for future growth. The 15% drop in shares is a clear overreaction.\n\nipopba/iStock via Getty Images\nSummary\nSoFi Technologies (SOFI) is a fintech company that offers a multitude of digital financial services to customers under its three key business segments, i.e.:\n1) Lending, which includes personal, home, and student loans;\n2) Financial Services, including savings, spending, investment accounts, as well as various debit and credit card services;\n3) Financial technology, which primarily consists of Galileo, a market-leading financial technology infrastructure provider thatSoFi acquired in May 2020.\nThe company aims to become a one-stop-shop for digital financial services and is well on its way to do so.\nSoFi just reported its first set of financial results since becoming a public company, and results were quite strong for the Q2 2021 quarter:\n\nThe company showed accelerating growth across its usage metrics, most of which grew by >100%;\nRevenues also grew triple-digits at 101% year over year (YoY) to $231.3 million, while adjusted net revenue for the quarter climbed 74% YoY and came in well above guidance of between 58 to 61% YoY growth;\nGrowth in members and products accelerated as well, all growing by triple-digit percentages, and marking the 8th consecutive quarter of accelerating YoY growth in total members forSoFi.\nIn addition, the company generated $61 million of positive EBITDA over the past 12 months, a significant improvement from the $149 million of losses experienced for the full year of 2019.\n\nBut these numbers were not enough to satisfy investor appetite. In fact, investors rushed out of the stock and shares ofSoFi plunged as much as 15% after the release of results. The stock is now down around -37% over the past 6 months at a market capitalization of around $12 billion.\nData by YCharts\nSeemingly, most of the negative reaction to the Q2 results was based on the fact that the company's net loss increased significantly during the quarter. In addition, the company issued guidance for the second half of 2021 that was below what analysts had predicted.\nWe believe the market's reaction toSoFi's numbers is well overblown as both factors, the net loss, as well as the guidance can be attributed to one-time impacts or non-cash items, which we'll explain in more detail below.SoFi's CEO Anthony Noto made it clear on the conference call that the company is accelerating its business across almost every metric. And while it may take some time for investors to understandSoFi's competitive advantage and growth runway, we believe that at current levelsSoFi shares are way oversold.\nThis article won't focus on a detailed description of the business, but will highlight the most recent financial results. For a deep-dive into the company's business model, opportunities and risks, go visit our previous article on SoFi.\nThe Numbers\nSoFi reported very strong Q2 financial results:\nAdjusted Revenue for the quarter climbed 74% YoY, way above management's initial guidance of between 58 to 61% growth, and well above analyst expectations. Furthermore, the company had another quarter of positive EBITDA, which reached $11 million for the quarter, up $35 million YoY from negative ($24) million in Q2 2020.\nSource:SoFi\nOn an annualized basis,SoFi achieved to bring in $852 million in adjusted net revenue and $61 million in adjusted EBITDA, despite some one-time headwinds in the quarter and alongside aggressive investments in the future growth of the company.\nSource:SoFi\nMost importantly, activity onSoFi's platform is accelerating across all areas.SoFi reported the 8th consecutive quarter of accelerating YoY growth for their total members, which reached 2.56 million for the quarter, up from 1.2 million in the Q2 2020 quarter (representing growth of 113%), and up 12% sequentially from Q1.\nSource:SoFi\nThe quarter also showed continued accelerating YoY growth in Products, which were up 123% to reach 3.7 million.SoFi added more than +2 million products on a YoY comparison, representing 123% YoY growth.\nSource:SoFi\nGalileo, their financial technology platform, reached 79 million accounts, up from 36 million, representing growth of 119% in the quarter as the company added 42.9 million new accounts to their financial technology offering.\nGalileo now posted greater than 100% YoY growth for the last four quarters for Galileo. The platform is a key cornerstone forSoFi's future growth and the fact that they are growing triple-digits and, for the first time, crossed $100 billion of annualized payment volume in July, shows that the business not only has significant scale already but also has a real competitive advantage as reflected by the YoY growth.\nSource:SoFi\nLastly,SoFi's business is diversifying in a significant way. Overall member growth for the business was driven by significant expansion in the Financial Services segment, withSoFi Invest andSoFi Money more than tripling the number of Financial Services segment products, to nearly 2.7 million, up from approximately 783,000 vs. Q2 2020. In the most recent quarter Financial Services segment products were nearly three times the number of Lending Products which shows how strongly the business is diversifying away from its initial lending arm (notwithstanding that loan originations still increased by a very strong 66% YoY). The 3x greater scale supported to drive a 1.7x increase in the number of products that were cross-bought by members already active on the platform in comparison to Q2 2020, as noted by the CEO during the conference call.\nSource:SoFi\nThe Number That Spooked Investors\nThe one thing that let many investors to sell the stock ofSoFi after the earnings report was that the company reported a significant net loss of $165.3 million compared to a still positive net income of $7.8 million in the prior year quarter. However, as the company explained during the conference call, this was largely due to a one-time item in relation to the business combination with Galileo, as well as non-cash items like stock-based compensation (SBC):\n\n We remeasured our valuation allowance during 2020 as a result of the deferred tax liabilities recognized in connection with our acquisition of Galileo, which decreased the valuation allowance by $99.8 million. The absence of that tax benefit, together with significant non-cash stock-based compensation expenses and fair value changes in warrants primarily related to the fair market value ofSoFi stock, were the largest contributors to the current period net loss.\n\nSource:SoFi\nIn addition to management's remarks, investors should take a closer look atSoFi's income statement, where it becomes clearer what drove the net loss. The SEC filing shows that management's cost management is actually very prudent as non-interest expenses, including investments into technology and products, sales and marketing, as well as operating costs only increased by 45%, 48%, 46% respectively which is much lower than the company's +74% revenue growth. Only general and administrative expenses more than tripled during the quarter. Digging deeper into the SEC filing reveals that the big chunk of G&A expenses came from aforementioned $99.8 million in deferred tax liabilities as a result of the acquisition of Galileo, and stock-based compensation as a result of being a public company (see items marked below).\n\nSource:SoFi\nIf you exclude the one-time item of deferred tax liabilities of $99.8 million, and adjust for three months of SBC with around half of the previous six months SBC expense, thenSoFi's net loss would have only been around negative $(20) million for the quarter (note that this is based on the author's rough estimates and should not be regarded as an accurate reflection of the actual numbers).\nWith that back-of-the-envelope calculation in mind, we are not particularly worried about the net loss that was reported for the quarter relative to the strong top-line growth thatSoFi reported.SoFi's numbers clearly indicate that the business is accelerating in growth, diversifying its services rapidly, while we see cross-selling activity ramping up within its customer-base which should provide some important efficiency gains in the future in terms of reduced customer acquisition costs and improved margins. This aspect becomes much clearer when we also take a look at the results from the individual business segments and the respective contribution profit metrics:\n1) Lending Segment-SoFi generated adjusted net revenue of $172 million, growing 47% YoY, with a contribution profit of $89 million. The increase was largely driven by personal loan originations, which grew by 188% YoY. In addition, contribution profit (marked below) increased by 80% YoY and respective margins improved to 52% compared to a 42% margin in the prior year quarter - and that was alongside an incremental increase of investment into the business of +$15.3 million for the quarter. Margin improvement was driven by operating efficiencies (e.g. more than 50% of personal loans were fully automated vs. less than 30% one year ago) alongside prudent spending in marketing that has brought cost per funded loan down.\nSoFi highlighted in the conference call that growth in this segment was achieved despite noticeable headwinds in the student loans business from the government's CARES-act prolongation, with $859 million in origination volume in the quarter representing less than half of pre-CARES levels.\n\n\nSource:SoFi\n2) Financial Services Segment- net revenue for this segment for the 2nd quarter reached $17.0 million vs. $2.4 million in Q2 2020, representing growth of a mind-blowing 602% YoY. With a 6x growth rate there is not much doubt that the business is successfully attracting customers, while making significant progress also in terms of cross-selling and multi-product-adoption, which will be an important aspect in reducing customer acquisition costs and driving higher lifetime value per customer. Another important aspect is that the incremental YoY revenue increase is offsetting the increased costs attributable to the segment, which was a $8.5 million YoY increase in expenses vs. a $14.6 million increase in revenue vs. Q2 2020, resulting in an improved contribution metric where losses decreased by 20% YoY.\nThe Financial Services Segment also showed strong product growth across all offerings as total products in this segment grew by 243% YoY.SoFi doesn't rest on its laurels as the company has just launched a new equity capital markets and advisory business in the second quarter, which will be interesting to watch.\n\nSource:SoFi\n3) Technology Platform- this segment primarily reports results fromSoFi's financial technology offering Galileo, which saw total net revenue increase by 138% YoY reaching $45.3 million vs. $19 million in the prior year quarter. Total Galileo accounts reached 79 million accounts, up from 36 million, representing growth of 119% in the quarter. Galileo also just crossed $100 billion of annualized payment volume in July as noted during the conference call.\nSource:SoFi\nSoFi is aggressively investing to position Galileo for strong future growth, e.g. by moving operations from on-premise to the cloud, while nearly doubling its headcount and expanding into new geographies. Management mentioned that they are nearing completion of building out a new cloud computing environment for Galileo which is supposed to replace the on premises environment, including the preparation of migrating existing clients to the cloud in Q3. While this contributed to a significant increase in expenses and impacted the resulting contribution profit for this segment,SoFi was still able to show YoY growth in contribution profit of 8%. It is important to see that management is pursuing all efforts to continue to accelerate growth in one of their key differentiating business segments, which Galileo clearly represents. What Amazon did for retail or the cloud with pioneering its AWS offering, could be replicated through Galileo as they are on track to position it as the leading financial technology offering and backbone to the global financial technology industry.\nManagement Guidance\nFor the third quarter of 2021SoFi's management expects adjusted net revenue of $245 million to $255 million, representing only around 15% growth vs. the prior year quarter, which is markedly lower than the $270.2M average estimate from two analysts. Adjusted EBITDA is expected to come in between negative $(7) million to positive $3 million. The expected top-line growth seems to be quite conservative but has surprised many investors who expected much higher growth rates, especially afterSoFi just reported a +74% growth in the most recent quarter.\nWhile the guidance was a significant factor contributing to the sell-off inSoFi's shares, we believe that investors shouldn't put too much focus on the headlines of „missed\" guidance. The fact thatSoFi is sticking to its initial guidance of adjusted net revenue of $980 million and adjusted EBITDA of positive $27 million is the most important take-away.Management was able to reiterate its guidance despite a significant negative expected planning impact on student loan refinancing revenues of negative $40M following the government's extension of the CARES Act moratorium on student loan payments from Sept. 30, 2021 to Jan. 31, 2022. The company now expects a rebound in the student loan refinancing business early next year while, so far, management had planned for the CARES Act to end on September 30 in its initial guidance. In addition, the company also expects a smaller negative impact from the reduced Technology Platform revenue estimate of $12 million based on the minority stake in APEX thatSoFi bought bac (contribution from the investment ended in January 2021).\nEven despite this significant $40 million negative revenue impact toSoFi's original guidance, plus the originally included $12 million of expected 2021 revenue from the equity investment in APEX, the company did not lower its guidance but was able to reassure investors that the other business segments can outweigh these headwinds, which is a strong validation ofSoFi's diversified business, which will enable the company to maneuver through even difficult periods that may affect one of its business segments from time to time.\nLastly, management pointed out a clear cost management strategy relative to its growth prospects which should re-assure investors that at some point the company will be back to positive net income alongside robust topline growth:\n\n ...we continue invest aggressively in our business to fuel compounding growth, while still delivering profitability to our shareholders. This combination is not easy, but we are committed to contributing around 30% of incremental revenue to the bottom line and reinvest the remaining 70% in bolstering our product innovation to drive decades of compounding growth. Even as we invest aggressively in technology, marketing and people, we continue to realize cost efficiencies, which is beginning to drive real operating leverage. By leveraging cross buying and better gaining realization and targeting we've reduced sales and marketing as a percentage of revenue and customer acquisition cost meaningfully year-over-year.\n\nLastly, investors were also keen to hear any updates on the anticipated Bank Charter thatSoFi is pursuing. CEO Anthony Noto mentioned during the conference call that the company is working closely with the Federal Reserve Bank and the OCC in a „constructive process\", but they also reiterated that there's not a definitive timeline to the process itself - so we are still waiting for an update on the bank charter. As previously reported,SoFi filed for a banking charter in July 2020.SoFi's career postings suggest they are building out senior management and teams for the much-anticipated banking division, includingrecent job postingsin compliance, software engineering or auditing.\nConclusion\nThere was a lot to like inSoFi's first quarterly report as a public company. We believe the sell-off in the company's shares is an overreaction. The muted guidance, or to put it more positively, the fact that management was able to reiterate its initial guidance for FY 2021 despite the significant negative $40 million impact from the prolongation of the CARES act as management no longer expects a tick-up in the student loan financing business in 2021, should actually be seen as a positive sign that the company's business is building up an important diversification of its business as the other business segments can compensate for these headwinds. While there is a risk that the government may continue to prolong the CARES act moratorium, which would negatively impactSoFi's student loan business, the company is now well diversified to outweigh any negative impact, and the set-up also creates some opportunity for upside surprises as we head into 2022, where the company now expects the tick-up in student loan refinancing to happen.\nIn conclusion,SoFi is diversifying its business and is making significant progress in terms of cross-selling and multi-product-adoption amongst its customer base, which will be an important aspect in reducing customer acquisition costs, better margins and driving higher lifetime value per customer. We are encouraged to see how short-term headwinds are compensated by other fast-growing business segments. We remain long the stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801995611,"gmtCreate":1627478307533,"gmtModify":1633764644499,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/801995611","repostId":"1145347264","repostType":4,"repost":{"id":"1145347264","kind":"news","pubTimestamp":1627475104,"share":"https://www.laohu8.com/m/news/1145347264?lang=&edition=full","pubTime":"2021-07-28 20:25","market":"us","language":"en","title":"Apple Stock Is Under Pressure. There’s a Silver Lining.","url":"https://stock-news.laohu8.com/highlight/detail?id=1145347264","media":"Barrons","summary":"Apple delivered another stunning quarter, crushing earnings estimates across the board. Apple regist","content":"<p>Apple delivered another stunning quarter, crushing earnings estimates across the board. Apple registered nearly $40 billion of iPhone sales in its fiscal third quarter, beating Wall Street expectations by an eye-watering $5 billion.</p>\n<p>Yet the euphoria quickly turned to disappointment for investors as Chief Financial Officer Luca Maestri said revenue growth would slow in the September quarter. The “very strong double-digit” growth, Maestri said, won’t match the 36% growth in the June quarter.</p>\n<p>A less favorable foreign exchange impact, normalizing services growth, and supply constraints from the global chip shortage&nbsp;were the culprits, Apple’s finance chief said. The stock took a few bumps in after-hours trading on Wednesday as investors digested those comments.</p>\n<p>Renowned Wedbush tech analyst Dan Ives sees it differently and said Apple’s “drop the mic” quarter was the next step in driving the stock to a $3 trillion market cap. China was the star of the show, he said, where sales grew 58% in a region key to the Apple bull thesis. The impact of the chip shortage was neutralized by iPhone and services strength, he added.</p>\n<p>But it’s the 5G supercycle that could be key to the continuing demand story. A significant proportion of iPhone users have not upgraded their phones in recent years, and the iPhone 13 isn’t far away.</p>\n<p>While Apple’s supply warning must not be ignored, it’s worth remembering that the company warned in April that it could take&nbsp;a $3 billion to $4 billion hit&nbsp;from the semiconductor crisis in the third quarter. Look how that turned out.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Is Under Pressure. There’s a Silver Lining.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Is Under Pressure. There’s a Silver Lining.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 20:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/things-to-know-today-51627467611?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple delivered another stunning quarter, crushing earnings estimates across the board. Apple registered nearly $40 billion of iPhone sales in its fiscal third quarter, beating Wall Street ...</p>\n\n<a href=\"https://www.barrons.com/articles/things-to-know-today-51627467611?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/things-to-know-today-51627467611?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145347264","content_text":"Apple delivered another stunning quarter, crushing earnings estimates across the board. Apple registered nearly $40 billion of iPhone sales in its fiscal third quarter, beating Wall Street expectations by an eye-watering $5 billion.\nYet the euphoria quickly turned to disappointment for investors as Chief Financial Officer Luca Maestri said revenue growth would slow in the September quarter. The “very strong double-digit” growth, Maestri said, won’t match the 36% growth in the June quarter.\nA less favorable foreign exchange impact, normalizing services growth, and supply constraints from the global chip shortage were the culprits, Apple’s finance chief said. The stock took a few bumps in after-hours trading on Wednesday as investors digested those comments.\nRenowned Wedbush tech analyst Dan Ives sees it differently and said Apple’s “drop the mic” quarter was the next step in driving the stock to a $3 trillion market cap. China was the star of the show, he said, where sales grew 58% in a region key to the Apple bull thesis. The impact of the chip shortage was neutralized by iPhone and services strength, he added.\nBut it’s the 5G supercycle that could be key to the continuing demand story. A significant proportion of iPhone users have not upgraded their phones in recent years, and the iPhone 13 isn’t far away.\nWhile Apple’s supply warning must not be ignored, it’s worth remembering that the company warned in April that it could take a $3 billion to $4 billion hit from the semiconductor crisis in the third quarter. Look how that turned out.","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145408179,"gmtCreate":1626234199891,"gmtModify":1633928757609,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like please thank you","listText":"Like please thank you","text":"Like please thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/145408179","repostId":"1153057412","repostType":4,"repost":{"id":"1153057412","kind":"news","pubTimestamp":1626232523,"share":"https://www.laohu8.com/m/news/1153057412?lang=&edition=full","pubTime":"2021-07-14 11:15","market":"us","language":"en","title":"Democrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package","url":"https://stock-news.laohu8.com/highlight/detail?id=1153057412","media":"zerohedge","summary":"Months after the Biden Administration and its Congressional alliesleaked the first details of Presid","content":"<p>Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.</p>\n<p>In a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.</p>\n<blockquote>\n \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers.\n</blockquote>\n<p>The deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.</p>\n<blockquote>\n \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\"\n</blockquote>\n<p>The package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children)&nbsp; and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.</p>\n<p>Democrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.</p>\n<blockquote>\n \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said\n</blockquote>\n<p>Previously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.</p>\n<p>To be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.</p>\n<p>Senate Democrats want to bring the bipartisan infrastructure&nbsp;bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a&nbsp;subsequent&nbsp;$3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Democrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package</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\">\nDemocrats Strike Deal On $3.5 Trillion \"Human Infrastructure\" Package\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 11:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' ...</p>\n\n<a href=\"https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/political/democrats-strike-deal-35-trillion-human-infrastructure-package?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153057412","content_text":"Months after the Biden Administration and its Congressional alliesleaked the first details of President Biden's massive two-part \"Build Back Better\" infrastructure plan, Chuck Schumer, the Democrats' leader in the Senate, just announced that Democrats have united behind a $3.5 trillion \"infrastructure\" spending package, which they can now pass using special budget rules allowing them to circumvent the filibuster.\nIn a late-night announcement Tuesday, Schumer said the Budget Committee had reached an agreement to allot $3.5 trillion for a spending package that would complete President Biden’s infrastructure plan.\n\n \"The Budget Committee has come to an agreement,\" Sen. Schumer told reporters Tuesday night following a closed-door meeting with Democratic lawmakers.\n\nThe deal adds to the $600 billion package of infrastructure measures that Biden has struck with Republicans.\n\n \"You add that to that the $600 billion in a bipartisan plan and you get to $4.1 trillion, which is very, very close to what President Biden has asked us for,\" Schumer said. \"Every major program that President Biden has asked us for is funded in a robust way.\"\n\nThe package will include such \"infrastructure\" priorities like expanding Medicare, addressing climate change, expanding childcare (after the administration just approved a new $300 handout for couples with children)  and education. The Democrats have famously deemed all this \"human infrastructure\", which Republicans have vowed to reject.\nDemocrats will meet with Biden Wednesday, the majority leader said following the closed-door meeting.\n\n \"We are very proud of this plan. We know we have a long road to go. We're going to get this done for the sake of making average Americans' lives a whole lot better,\" Schumer said\n\nPreviously, Schumer has promised to hold votes on both pieces of legislation before the Senate breaks for its August recess, which amounts to a pretty aggressive timeline, especially since some Republicans might rethink their support for the earlier measure now that Democrats are pushing ahead with the bigger multi-trillion-dollar package.\nTo be clear, the bipartisan deal struck by Biden authorizes a total of $1.2 trillion in spending over eight years. Meanwhile, the budget resolution necessary to pass the Democratic-only bill will require some more maneuvering.\nSenate Democrats want to bring the bipartisan infrastructure bill to the floor as soon as next week, though negotiators have warned that is an ambitious pace. Democrats didn't say on Tuesday night when specifically they would be ready to take the budget resolution to the floor. To pass both the budget resolution and a subsequent $3 to $5-trillion infrastructure bill through the Senate Democrats will need total unity from all 50 of their members. Democrats declined to say on Tuesday night if they had unified support.","news_type":1},"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802226262,"gmtCreate":1627783667056,"gmtModify":1633756447538,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/802226262","repostId":"1167073573","repostType":4,"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800098617,"gmtCreate":1627264951739,"gmtModify":1633766737385,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like please&nbsp;","listText":"Like please&nbsp;","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/800098617","repostId":"2154593428","repostType":4,"repost":{"id":"2154593428","kind":"highlight","pubTimestamp":1627262820,"share":"https://www.laohu8.com/m/news/2154593428?lang=&edition=full","pubTime":"2021-07-26 09:27","market":"us","language":"en","title":"Is Disney World Going Back to Masks Again?","url":"https://stock-news.laohu8.com/highlight/detail?id=2154593428","media":"Motley Fool","summary":"With COVID-19 cases surging sevenfold over the past month, a return to face coverings at Central Florida's theme parks isn't out of the question.","content":"<p>Guests have been enjoying <b>Disney</b>'s (NYSE:DIS) popular Florida theme parks this summer without mask requirements in most circumstances. A surge in new cases in the Sunshine State could end that perk before the end of summer.</p>\n<p>Florida's Department of Health reported more than 73,000 cases for the week on Friday, a sevenfold increase from when the state began releasing case counts weekly in June. With average daily case counts approaching peak January levels, it wouldn't be a surprise to see restrictions tightening up instead of loosening up the way we've seen in recent weeks. In short, you may want to pack some extra masks along with your mouse ears for your next Disney World vacay.</p>\n<h2>Hoping for the best</h2>\n<p>Theme parks have been trying to get back to normal in Central Florida this summer. We've seen Disney World, <b>Comcast</b>'s (NASDAQ:CMCSA) Universal Orlando, and <b>SeaWorld Entertainment</b> (NYSE:SEAS) do away with temperature screenings and increase their daily guest capacity levels. Disney is the only <a href=\"https://laohu8.com/S/AONE.U\">one</a> requiring guests to make park reservations in advance now, as SeaWorld recently suspended that crowd-control platform.</p>\n<p>Requirements for face coverings have also evolved rapidly since just before Memorial Day weekend. Disney World, Universal Orlando, and SeaWorld Orlando initially allowed visitors to remove their masks while outside, eventually updating the requirement to allow vaccinated guests to keep them off in ride queues and in the attractions themselves. Right now the only time a face covering is required at any of three leading theme parks operators is at Disney World when patrons are on the monorail, ferry boat, or Disney resort bus to get to or from one of the four gated attractions.</p>\n<p>We're already starting to see restrictions kick back in, even in states where new COVID-19 cases aren't skyrocketing the way they are in Florida. Comcast's original Universal Studios Hollywood in California has returned to requiring face coverings at all indoor buildings.</p>\n<p>Florida isn't California. The state allowed its theme parks to open nearly a year before the country's most populous state followed suit. However, with the Delta variant spreading, there will come a point when Disney, Comcast, and SeaWorld will have to respond to the crisis if case counts keep climbing above the current six-month high.</p>\n<p>Nobody wants to see a mask mandate. Guests prefer the freedom to decide their exposure levels. The theme park operators prefer maskless visitors, as they will spend more time in the gated attractions and money on food and snacks. However, with Florida vaccination rates slowing and shot approvals for kids under 12 still likely to be months away, the way things play out may not be up to theme park fans or the travel and tourism stocks that operate them.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Disney World Going Back to Masks Again?</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\">\nIs Disney World Going Back to Masks Again?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-26 09:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/25/is-disney-world-going-back-to-masks-again/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Guests have been enjoying Disney's (NYSE:DIS) popular Florida theme parks this summer without mask requirements in most circumstances. A surge in new cases in the Sunshine State could end that perk ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/25/is-disney-world-going-back-to-masks-again/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://www.fool.com/investing/2021/07/25/is-disney-world-going-back-to-masks-again/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154593428","content_text":"Guests have been enjoying Disney's (NYSE:DIS) popular Florida theme parks this summer without mask requirements in most circumstances. A surge in new cases in the Sunshine State could end that perk before the end of summer.\nFlorida's Department of Health reported more than 73,000 cases for the week on Friday, a sevenfold increase from when the state began releasing case counts weekly in June. With average daily case counts approaching peak January levels, it wouldn't be a surprise to see restrictions tightening up instead of loosening up the way we've seen in recent weeks. In short, you may want to pack some extra masks along with your mouse ears for your next Disney World vacay.\nHoping for the best\nTheme parks have been trying to get back to normal in Central Florida this summer. We've seen Disney World, Comcast's (NASDAQ:CMCSA) Universal Orlando, and SeaWorld Entertainment (NYSE:SEAS) do away with temperature screenings and increase their daily guest capacity levels. Disney is the only one requiring guests to make park reservations in advance now, as SeaWorld recently suspended that crowd-control platform.\nRequirements for face coverings have also evolved rapidly since just before Memorial Day weekend. Disney World, Universal Orlando, and SeaWorld Orlando initially allowed visitors to remove their masks while outside, eventually updating the requirement to allow vaccinated guests to keep them off in ride queues and in the attractions themselves. Right now the only time a face covering is required at any of three leading theme parks operators is at Disney World when patrons are on the monorail, ferry boat, or Disney resort bus to get to or from one of the four gated attractions.\nWe're already starting to see restrictions kick back in, even in states where new COVID-19 cases aren't skyrocketing the way they are in Florida. Comcast's original Universal Studios Hollywood in California has returned to requiring face coverings at all indoor buildings.\nFlorida isn't California. The state allowed its theme parks to open nearly a year before the country's most populous state followed suit. However, with the Delta variant spreading, there will come a point when Disney, Comcast, and SeaWorld will have to respond to the crisis if case counts keep climbing above the current six-month high.\nNobody wants to see a mask mandate. Guests prefer the freedom to decide their exposure levels. The theme park operators prefer maskless visitors, as they will spend more time in the gated attractions and money on food and snacks. However, with Florida vaccination rates slowing and shot approvals for kids under 12 still likely to be months away, the way things play out may not be up to theme park fans or the travel and tourism stocks that operate them.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170333888,"gmtCreate":1626403389644,"gmtModify":1633927051707,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/170333888","repostId":"1122107992","repostType":4,"repost":{"id":"1122107992","kind":"news","pubTimestamp":1626400291,"share":"https://www.laohu8.com/m/news/1122107992?lang=&edition=full","pubTime":"2021-07-16 09:51","market":"us","language":"en","title":"One Bank's Non-Transitory Inflation Meter Just Exploded","url":"https://stock-news.laohu8.com/highlight/detail?id=1122107992","media":"zerohedge","summary":"One month ago we reported that Bank of America had released a new proprietary indicator tracking the","content":"<p>One month ago we reported that Bank of America had released a new proprietary indicator tracking the level of transitory inflation, which incidentally was at the highest possible reading of 100.</p>\n<p><img src=\"https://static.tigerbbs.com/ff143ecaa5048b85057495194244af83\" tg-width=\"707\" tg-height=\"317\" referrerpolicy=\"no-referrer\"></p>\n<p>Of course, since then it's only gotten worse and the June CPI report released earlier this week revealed another explosion in transitory price pressures. Used cars, new cars, lodging, and transportation services together accounted for 70bp of the 88bp increase in broader core CPI as discussed previously. As a result, core CPI surged 0.9% mom in June: these components primarily reflected the price pressures from goods shortages and the reopening. To no surprise, the BofA US transitory inflation meter (TIM) remained at 100 this month, because it simply couldn't rise any further.</p>\n<p>But while the transitory strength in inflation took the spotlight, another development in the June CPI report - which we had discussedextensively before- was a strong 0.32% increase in owners’ equivalent rent (OER) which is a far stickier source of inflation and whichGoldman sees hitting 4% around the end of 2022.</p>\n<p><img src=\"https://static.tigerbbs.com/29e8197cd3b3f73d48338d5b01164364\" tg-width=\"960\" tg-height=\"604\" referrerpolicy=\"no-referrer\"></p>\n<p>In other words, persistent inflation looks to be rising sharply as well.</p>\n<p>This, as Bank of America economist Alex Lin writes today, highlights the importance of being able to track persistent inflation while keeping transitory inflation in perspective.</p>\n<p>So to get a more complete picture of current inflation dynamics, BofA has revised its transitory inflation meter with the BofA US Persistent Inflation Meter (PIM), and here, a shock:<b>it soared to 75 in June from 37 in May, indicating elevated</b><b><u>persistent</u></b><b>, as in non-transitory,&nbsp; inflation.</b></p>\n<p><img src=\"https://static.tigerbbs.com/cc907b44c17cb542b759a78f8c15f76d\" tg-width=\"713\" tg-height=\"438\" referrerpolicy=\"no-referrer\"></p>\n<p>This confirms that contrary to its best wishes, the Fed already has a major headache on its hands. Furthermore, as Deutsche Bank pointed out earlier this week,<b>Wall Street consensus inflation expectations for 2022 are already well above 2%,</b>which is impossible if inflation is transitory and if there is going to be a deflationary phase after the current burst in transitory inflation ends.</p>\n<p><img src=\"https://static.tigerbbs.com/92086971b86a9511afb50387980e3995\" tg-width=\"720\" tg-height=\"448\" referrerpolicy=\"no-referrer\"></p>\n<p>In other words, the Fed is again wrong and sooner or later, 10Y yields which continue to pretend that everything is fine, will face a day of very painful reckoning.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>One Bank's Non-Transitory Inflation Meter Just Exploded</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\">\nOne Bank's Non-Transitory Inflation Meter Just Exploded\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-16 09:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/economics/one-banks-non-transitory-inflation-meter-just-exploded><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One month ago we reported that Bank of America had released a new proprietary indicator tracking the level of transitory inflation, which incidentally was at the highest possible reading of 100.\n\nOf ...</p>\n\n<a href=\"https://www.zerohedge.com/economics/one-banks-non-transitory-inflation-meter-just-exploded\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","BAC":"美国银行","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/economics/one-banks-non-transitory-inflation-meter-just-exploded","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122107992","content_text":"One month ago we reported that Bank of America had released a new proprietary indicator tracking the level of transitory inflation, which incidentally was at the highest possible reading of 100.\n\nOf course, since then it's only gotten worse and the June CPI report released earlier this week revealed another explosion in transitory price pressures. Used cars, new cars, lodging, and transportation services together accounted for 70bp of the 88bp increase in broader core CPI as discussed previously. As a result, core CPI surged 0.9% mom in June: these components primarily reflected the price pressures from goods shortages and the reopening. To no surprise, the BofA US transitory inflation meter (TIM) remained at 100 this month, because it simply couldn't rise any further.\nBut while the transitory strength in inflation took the spotlight, another development in the June CPI report - which we had discussedextensively before- was a strong 0.32% increase in owners’ equivalent rent (OER) which is a far stickier source of inflation and whichGoldman sees hitting 4% around the end of 2022.\n\nIn other words, persistent inflation looks to be rising sharply as well.\nThis, as Bank of America economist Alex Lin writes today, highlights the importance of being able to track persistent inflation while keeping transitory inflation in perspective.\nSo to get a more complete picture of current inflation dynamics, BofA has revised its transitory inflation meter with the BofA US Persistent Inflation Meter (PIM), and here, a shock:it soared to 75 in June from 37 in May, indicating elevatedpersistent, as in non-transitory,  inflation.\n\nThis confirms that contrary to its best wishes, the Fed already has a major headache on its hands. Furthermore, as Deutsche Bank pointed out earlier this week,Wall Street consensus inflation expectations for 2022 are already well above 2%,which is impossible if inflation is transitory and if there is going to be a deflationary phase after the current burst in transitory inflation ends.\n\nIn other words, the Fed is again wrong and sooner or later, 10Y yields which continue to pretend that everything is fine, will face a day of very painful reckoning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153879135,"gmtCreate":1625019265827,"gmtModify":1633945772039,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153879135","repostId":"1171228649","repostType":4,"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836670580,"gmtCreate":1629484118940,"gmtModify":1633684521305,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/836670580","repostId":"2160710721","repostType":4,"repost":{"id":"2160710721","kind":"news","pubTimestamp":1629473265,"share":"https://www.laohu8.com/m/news/2160710721?lang=&edition=full","pubTime":"2021-08-20 23:27","market":"us","language":"en","title":"Is Moderna (MRNA) COVID-19 Jab Heart Risk More Than Pfizer's?","url":"https://stock-news.laohu8.com/highlight/detail?id=2160710721","media":"Zacks","summary":"Moderna’s MRNA mRNA-based COVID-19 vaccine, mRNA-1273 is being investigated by the FDA and the U.S. ","content":"<p><b>Moderna</b>’s MRNA mRNA-based COVID-19 vaccine, mRNA-1273 is being investigated by the FDA and the U.S. Centers for Disease Control and Prevention (CDC) for higher risk of myocarditis, a rare condition of heart inflammation, in younger adults per a <a href=\"https://laohu8.com/S/WASH\">Washington</a> <a href=\"https://laohu8.com/S/POST\">Post</a> article. The article implies that the risk of myocarditis following inoculation with mRNA-1273 can be more than previously thought and is also higher than <b><a href=\"https://laohu8.com/S/PFE\">Pfizer</a></b>/<b><a href=\"https://laohu8.com/S/BNTX\">BioNTech SE</a></b>’s mRNA-based vaccine, BNT162b.</p>\n<p>Per the same <a href=\"https://laohu8.com/S/WRE\">Washington</a> Post article, the claims of higher risk of myocarditis, especially for males below the age of 30 or so, following Moderna’s jab are majorly based on data from Canada. The same data suggests that vaccination with mRNA-1273 may increase the risk of incidence of myocarditis by 2.5-fold compared to BNT162b. U.S. health officials are currently reviewing the data as well as data generated in the <a href=\"https://laohu8.com/S/UBNK\">United</a> States for a possible link to higher risk of heart inflammation. The report stated that the officials believe it is too early to conclude and issue any kind of new or revised warning or recommendation for mRNA-1273.</p>\n<p>We note that Pfizer’s BNT162b is already leading the vaccination race with $11.3 billion sales in the first half of 2021 compared to nearly $6 billion of sales from mRNA-1273. Moreover, the anticipated sales for 2021 for BNT162b and mRNA-1273 stands at $33.5 billion and approximately $19.2 billion, respectively.</p>\n<p>Meanwhile, U.S. health officials have decided to start providing booster doses to the country’s citizens beginning in the first week of fall that will start on Sep 20. Amid rising support for booster doses for better protection against the Delta variant, the potential link to higher risk of heart inflammation may hurt demand for Moderna’s mRNA-1273, pushing it further back in the competition. Moreover, a few new COVID-19 vaccines may enter the U.S. markets this year, which will result in increased competition.</p>\n<p>Shares of Moderna fell 5.8% on Aug 19, following the reports on probe for higher risk of heart inflammation. The company’s shares have surged 259.4% so far this year against the industry’s decrease of 0.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/01ae6084260e85bc39bcd6d72d8d9ae0\" tg-width=\"620\" tg-height=\"406\" referrerpolicy=\"no-referrer\"></p>\n<p>Image Source: Zacks Investment Research</p>\n<p>We note that the CDC concluded earlier in June that there is a “likely association” between mRNA-based COVID-19 vaccines and increased cases of heart inflammation, including myocarditis and pericarditis, in adolescents and younger adults. Heart inflammation was reported after the first dose of mRNA-1273 and BNT162b in a small proportion of individuals,which increased further following the second dose. However, similar inflammation cases were not reported following vaccination with <b>J&amp;J</b>’s JNJ adenovirus-based COVID-19 vaccine. Following the investigation, the labels of both mRNA-based vaccines were updated to include a warning label for increased risk of myocarditis.</p>\n<p>Meanwhile, the United States is not the only country to probe various risks with possible links to mRNA-based COVID-19 vaccines. Earlier this month, the European Medicines Agency initiated an investigation to study three new conditions found in a small proportion of individuals receiving mRNA-based vaccination.&nbsp;The individuals immunized with an mRNA-based vaccine reported that they developed either erythema multiforme (allergic skin reaction), glomerulonephritis (kidney inflammation) and/or nephrotic syndrome (renal disorder).</p>\n<h3><a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> Price</h3>\n<p><img src=\"https://static.tigerbbs.com/33512fafdd460236be3b7bc6e113462a\" tg-width=\"545\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p>\n<p><a href=\"https://laohu8.com/S/MRNA\">Moderna, Inc.</a> price | Moderna, Inc. Quote</p>","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>Is Moderna (MRNA) COVID-19 Jab Heart Risk More Than Pfizer's?</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\">\nIs Moderna (MRNA) COVID-19 Jab Heart Risk More Than Pfizer's?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-20 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/moderna-mrna-covid-19-jab-131601604.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Moderna’s MRNA mRNA-based COVID-19 vaccine, mRNA-1273 is being investigated by the FDA and the U.S. Centers for Disease Control and Prevention (CDC) for higher risk of myocarditis, a rare condition of...</p>\n\n<a href=\"https://finance.yahoo.com/news/moderna-mrna-covid-19-jab-131601604.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","MRNA":"Moderna, Inc."},"source_url":"https://finance.yahoo.com/news/moderna-mrna-covid-19-jab-131601604.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2160710721","content_text":"Moderna’s MRNA mRNA-based COVID-19 vaccine, mRNA-1273 is being investigated by the FDA and the U.S. Centers for Disease Control and Prevention (CDC) for higher risk of myocarditis, a rare condition of heart inflammation, in younger adults per a Washington Post article. The article implies that the risk of myocarditis following inoculation with mRNA-1273 can be more than previously thought and is also higher than Pfizer/BioNTech SE’s mRNA-based vaccine, BNT162b.\nPer the same Washington Post article, the claims of higher risk of myocarditis, especially for males below the age of 30 or so, following Moderna’s jab are majorly based on data from Canada. The same data suggests that vaccination with mRNA-1273 may increase the risk of incidence of myocarditis by 2.5-fold compared to BNT162b. U.S. health officials are currently reviewing the data as well as data generated in the United States for a possible link to higher risk of heart inflammation. The report stated that the officials believe it is too early to conclude and issue any kind of new or revised warning or recommendation for mRNA-1273.\nWe note that Pfizer’s BNT162b is already leading the vaccination race with $11.3 billion sales in the first half of 2021 compared to nearly $6 billion of sales from mRNA-1273. Moreover, the anticipated sales for 2021 for BNT162b and mRNA-1273 stands at $33.5 billion and approximately $19.2 billion, respectively.\nMeanwhile, U.S. health officials have decided to start providing booster doses to the country’s citizens beginning in the first week of fall that will start on Sep 20. Amid rising support for booster doses for better protection against the Delta variant, the potential link to higher risk of heart inflammation may hurt demand for Moderna’s mRNA-1273, pushing it further back in the competition. Moreover, a few new COVID-19 vaccines may enter the U.S. markets this year, which will result in increased competition.\nShares of Moderna fell 5.8% on Aug 19, following the reports on probe for higher risk of heart inflammation. The company’s shares have surged 259.4% so far this year against the industry’s decrease of 0.3%.\n\nImage Source: Zacks Investment Research\nWe note that the CDC concluded earlier in June that there is a “likely association” between mRNA-based COVID-19 vaccines and increased cases of heart inflammation, including myocarditis and pericarditis, in adolescents and younger adults. Heart inflammation was reported after the first dose of mRNA-1273 and BNT162b in a small proportion of individuals,which increased further following the second dose. However, similar inflammation cases were not reported following vaccination with J&J’s JNJ adenovirus-based COVID-19 vaccine. Following the investigation, the labels of both mRNA-based vaccines were updated to include a warning label for increased risk of myocarditis.\nMeanwhile, the United States is not the only country to probe various risks with possible links to mRNA-based COVID-19 vaccines. Earlier this month, the European Medicines Agency initiated an investigation to study three new conditions found in a small proportion of individuals receiving mRNA-based vaccination. The individuals immunized with an mRNA-based vaccine reported that they developed either erythema multiforme (allergic skin reaction), glomerulonephritis (kidney inflammation) and/or nephrotic syndrome (renal disorder).\nModerna, Inc. Price\n\nModerna, Inc. price | Moderna, Inc. Quote","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892241827,"gmtCreate":1628668008869,"gmtModify":1633745252584,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892241827","repostId":"1149948447","repostType":4,"repost":{"id":"1149948447","kind":"news","pubTimestamp":1628667350,"share":"https://www.laohu8.com/m/news/1149948447?lang=&edition=full","pubTime":"2021-08-11 15:35","market":"us","language":"en","title":"Now Climate Activists Want BHP to Keep Hold of Its Fossil Fuels","url":"https://stock-news.laohu8.com/highlight/detail?id=1149948447","media":"Bloomberg","summary":"BHP Billiton, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil f","content":"<p><a href=\"https://laohu8.com/S/BHP\">BHP Billiton</a>, the world’s top miner, should abandon plans for&nbsp;multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental campaign group.</p>\n<p>A proposal tabled on behalf of about 100 small investors by Market Forces, which coordinates groups of shareholders on climate issues, calls on the company to wind down production in line with international targets to cut greenhouse gas emissions, and to focus on helping communities to find alternative jobs.</p>\n<p>“By providinga leadingexample of responsibly managing down fossil fuel assets, BHP can preserve and realize the genuine value that exists in these assets, align with global climate goals, and support its workers in the transition to a decarbonized economy,” the group said in a statement. Market Forces and the BHP investors have tabled resolutions to be considered at the company’s annual meeting in Australia later this year.</p>\n<p>BHP’s board will set out a response ahead of the meeting, the company said in a statement Wednesday. The investors hold less than 0.01% of BHP’s Australia-listed entity and about 0.006% of the combined group, which includes the miner’s London-traded shares, according to the statement.</p>\n<p>BHP is considering an exit from the oil and gas sector and reviewing options including a trade sale, people familiar with the matter said last month. The producer in June agreed to sell its one-third share in a Colombian coal mine and is also progressing plans to offload a thermal coal operation and some metallurgical coal assets in Australia.</p>\n<p>Activists who previously had urged the biggest miners and oil majors to rid their portfolios of fossil fuels operations are increasingly changing approach, in&nbsp;recognition&nbsp;that assets are often sold to smaller producers or government-backed firms that operate with far less transparency and typically seek to boost volumes.</p>\n<p>While shareholder resolutions seldom win large support, they’re among tools being used by small campaign groups to pressure companies. Lawsuits have been effective too, with Royal Dutch Shell Plc ordered to slash emissions&nbsp;faster than planned&nbsp;in a recent ruling and Australia’s government instructed to&nbsp;consider climate change&nbsp;in mine approvals.</p>\n<p>“There’s an increasingly deep and sophisticated understanding of the steps big companies and their investors need to take to play their part in bringing down emissions,” said Will van de Pol, a campaigner at Australia-based Market Forces. “Companies and investors can no longer get away with green-washing and shirking their responsibilities.”</p>\n<p>BP Plc is among firms that have faced criticism for pursuing divestment deals that will help the company meet its own net-zero goals, though likely won’t result in lower emissions from the assets that have been sold.</p>\n<p>“While divestment addresses stranded asset risk exposure, it fails to manage the reputational risk associated with avoiding responsibility for employee transition support and site rehabilitation,” Market Forces said in its statement.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Now Climate Activists Want BHP to Keep Hold of Its Fossil Fuels</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNow Climate Activists Want BHP to Keep Hold of Its Fossil Fuels\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 15:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-08-11/now-climate-activists-want-bhp-to-keep-hold-of-its-fossil-fuels?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BHP Billiton, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-11/now-climate-activists-want-bhp-to-keep-hold-of-its-fossil-fuels?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BHP":"必和必拓公司"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-11/now-climate-activists-want-bhp-to-keep-hold-of-its-fossil-fuels?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149948447","content_text":"BHP Billiton, the world’s top miner, should abandon plans for multi-billion dollar sales of fossil fuels assets and instead responsibly close down the operations, according to an environmental campaign group.\nA proposal tabled on behalf of about 100 small investors by Market Forces, which coordinates groups of shareholders on climate issues, calls on the company to wind down production in line with international targets to cut greenhouse gas emissions, and to focus on helping communities to find alternative jobs.\n“By providinga leadingexample of responsibly managing down fossil fuel assets, BHP can preserve and realize the genuine value that exists in these assets, align with global climate goals, and support its workers in the transition to a decarbonized economy,” the group said in a statement. Market Forces and the BHP investors have tabled resolutions to be considered at the company’s annual meeting in Australia later this year.\nBHP’s board will set out a response ahead of the meeting, the company said in a statement Wednesday. The investors hold less than 0.01% of BHP’s Australia-listed entity and about 0.006% of the combined group, which includes the miner’s London-traded shares, according to the statement.\nBHP is considering an exit from the oil and gas sector and reviewing options including a trade sale, people familiar with the matter said last month. The producer in June agreed to sell its one-third share in a Colombian coal mine and is also progressing plans to offload a thermal coal operation and some metallurgical coal assets in Australia.\nActivists who previously had urged the biggest miners and oil majors to rid their portfolios of fossil fuels operations are increasingly changing approach, in recognition that assets are often sold to smaller producers or government-backed firms that operate with far less transparency and typically seek to boost volumes.\nWhile shareholder resolutions seldom win large support, they’re among tools being used by small campaign groups to pressure companies. Lawsuits have been effective too, with Royal Dutch Shell Plc ordered to slash emissions faster than planned in a recent ruling and Australia’s government instructed to consider climate change in mine approvals.\n“There’s an increasingly deep and sophisticated understanding of the steps big companies and their investors need to take to play their part in bringing down emissions,” said Will van de Pol, a campaigner at Australia-based Market Forces. “Companies and investors can no longer get away with green-washing and shirking their responsibilities.”\nBP Plc is among firms that have faced criticism for pursuing divestment deals that will help the company meet its own net-zero goals, though likely won’t result in lower emissions from the assets that have been sold.\n“While divestment addresses stranded asset risk exposure, it fails to manage the reputational risk associated with avoiding responsibility for employee transition support and site rehabilitation,” Market Forces said in its statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898151195,"gmtCreate":1628479699317,"gmtModify":1633746832064,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898151195","repostId":"2157418467","repostType":4,"isVote":1,"tweetType":1,"viewCount":203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893272359,"gmtCreate":1628269941971,"gmtModify":1633752069863,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/893272359","repostId":"1110501028","repostType":4,"repost":{"id":"1110501028","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628260468,"share":"https://www.laohu8.com/m/news/1110501028?lang=&edition=full","pubTime":"2021-08-06 22:34","market":"us","language":"en","title":"Tencent sued by the Haidian District Procuratorate","url":"https://stock-news.laohu8.com/highlight/detail?id=1110501028","media":"Tiger Newspress","summary":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","content":"<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tencent sued by the Haidian District Procuratorate</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{ 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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\">\nTencent sued by the Haidian District Procuratorate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-06 22:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Aug 6)&nbsp;Tencent sued by the Haidian District Procuratorate.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110501028","content_text":"(Aug 6) Tencent sued by the Haidian District Procuratorate.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807537361,"gmtCreate":1628042918953,"gmtModify":1633754108541,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like plss","listText":"Like plss","text":"Like 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thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/177379632","repostId":"1181195967","repostType":4,"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178055076,"gmtCreate":1626775092895,"gmtModify":1633771162915,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/178055076","repostId":"1173914774","repostType":4,"repost":{"id":"1173914774","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626769702,"share":"https://www.laohu8.com/m/news/1173914774?lang=&edition=full","pubTime":"2021-07-20 16:28","market":"us","language":"en","title":"EV stocks rally in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1173914774","media":"Tiger Newspress","summary":"(July 20) EV stocks rally in premarket trading.\nTesla-Tesla Motors. saw registrations of its Chinese","content":"<p>(July 20)&nbsp;EV stocks rally in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/3ccd5129443256c5c60c6800ed8b08af\" tg-width=\"302\" tg-height=\"166\" referrerpolicy=\"no-referrer\"><b>Tesla</b>-<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>.&nbsp;saw registrations of its Chinese-made cars climb again last month as promotions toward the quarter-end helped offset a string of negative press around customer complaints and quality concerns.</p>\n<p>Registrations of Model 3 sedans and Model Y sports utility vehicles made at Tesla’s Shanghai factory totaled 28,508 units in June, a 29% increase from May and more than double the figure in April, data from <a href=\"https://laohu8.com/S/CAAS\">China</a> Automotive <a href=\"https://laohu8.com/S/III\">Information</a> Net show. Model 3 registrations rebounded to 16,995, while Model Y’s hit 11,513, a 10% drop from May.</p>\n<p><b>Nio</b>-Days&nbsp;ago,&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV stocks rally in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV stocks rally in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-20 16:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(July 20)&nbsp;EV stocks rally in premarket trading.</p>\n<p><img src=\"https://static.tigerbbs.com/3ccd5129443256c5c60c6800ed8b08af\" tg-width=\"302\" tg-height=\"166\" referrerpolicy=\"no-referrer\"><b>Tesla</b>-<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a>.&nbsp;saw registrations of its Chinese-made cars climb again last month as promotions toward the quarter-end helped offset a string of negative press around customer complaints and quality concerns.</p>\n<p>Registrations of Model 3 sedans and Model Y sports utility vehicles made at Tesla’s Shanghai factory totaled 28,508 units in June, a 29% increase from May and more than double the figure in April, data from <a href=\"https://laohu8.com/S/CAAS\">China</a> Automotive <a href=\"https://laohu8.com/S/III\">Information</a> Net show. Model 3 registrations rebounded to 16,995, while Model Y’s hit 11,513, a 10% drop from May.</p>\n<p><b>Nio</b>-Days&nbsp;ago,&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来","XPEV":"小鹏汽车","LI":"理想汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173914774","content_text":"(July 20) EV stocks rally in premarket trading.\nTesla-Tesla Motors. saw registrations of its Chinese-made cars climb again last month as promotions toward the quarter-end helped offset a string of negative press around customer complaints and quality concerns.\nRegistrations of Model 3 sedans and Model Y sports utility vehicles made at Tesla’s Shanghai factory totaled 28,508 units in June, a 29% increase from May and more than double the figure in April, data from China Automotive Information Net show. Model 3 registrations rebounded to 16,995, while Model Y’s hit 11,513, a 10% drop from May.\nNio-Days ago, NIO Inc. subsidiary buys stake in chipmaker amid crippling global semiconductor shortage.","news_type":1},"isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173198709,"gmtCreate":1626629233701,"gmtModify":1633925416736,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Interesting read","listText":"Interesting read","text":"Interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173198709","repostId":"1139907709","repostType":4,"repost":{"id":"1139907709","kind":"news","pubTimestamp":1626568617,"share":"https://www.laohu8.com/m/news/1139907709?lang=&edition=full","pubTime":"2021-07-18 08:36","market":"us","language":"en","title":"Wall Street Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World","url":"https://stock-news.laohu8.com/highlight/detail?id=1139907709","media":"Benzinga","summary":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Q","content":"<p><i>Does crime pay?</i></p>\n<p>In August 1988, French authorities arrested an American expatriate named&nbsp;<b>Thomas F. Quinn</b>&nbsp;for orchestrating a global securities scheme that defrauded investors out of $500 million.</p>\n<p>As an unapologetic financial miscreant with a lifelong penchant for fraud, the French escapade represented something of a career peak for Quinn, whose flair of swindling took on an astonishing level of organizing that left no corner of the world untouched.</p>\n<p><b>Illusory Assets For Sale:</b>Thomas Francis Quinn was born in Brooklyn in 1932; his father drove a cement truck and his mother was a housewife who made extra money selling clothing and jewelry from the family’s garage.</p>\n<p>Quinn was an altar boy in his childhood and was the first member of his family to pursue higher education, graduating from St. John’s University Law School and passing the bar in 1962.</p>\n<p>Quinn opted to go into business for himself, starting a brokerage firm in New York called&nbsp;<b>Thomas, Williams &amp; Lee.</b>The main focus of this firm became the promotion of&nbsp;<b>Kent Industries,</b>a company that claimed to own Florida property valued at $2 million.</p>\n<p>There was a slight problem —&nbsp;Kent Industries didn’t own anything in the Sunshine State, and this inconvenient fact helped to introduce Quinn to the U.S. Securities and Exchange Commission (SEC).</p>\n<p>Long story short: Quinn received a lifetime banishment from the SEC in 1966 from doing business with brokers and dealers thanks to what the agency defined as his “flagrant fraudulent practices” related to the Kent Industries assets, which the regulator considered to be “almost completely illusory.”</p>\n<p>The U.S. Department of Justice (DOJ) was a bit slower in dealing with Quinn, but by 1970 he was sent to jail for six months and was later permanently disbarred from practicing law.</p>\n<p><b>A Job With The Mob:</b>Prior to losing his law license, Quinn gained a partnership in a New York-based securities law firm that set off several alarms among federal law enforcement agencies. Indeed, an FBI report from 1983 recalled this firm’s chief focus was being responsible for the “funds of hoodlum-controlled companies.”</p>\n<p>Quinn was on both the FBI’s and SEC’s respective radars in the early 1980s for his role with two companies,<b>Sundance Gold Mining</b>&nbsp;and&nbsp;<b>Aquarius Gold Exploration</b>, that claimed to have discovered gold in Suriname. The companies created a flurry of excitement among investors, but an investigation into their operations found a hitherto undeclared connection with the&nbsp;<b>Genovese crime family.</b></p>\n<p>The SEC filed a civil complaint against Quinn in 1983, charging him with fraudulently manipulating and promoting the companies’ stocks.</p>\n<p>Three years later, he reached a settlement with the regulator by agreeing to permanently stay away from anything related to securities.</p>\n<p>The FBI, despite finding Mafia fingerprints in Quinn’s business affairs, declined to press charges against him.</p>\n<p>Realizing that he wore out his welcome in his home country, Quinn and his common-law wife&nbsp;<b>Rochelle Rothfleisch</b>&nbsp;decided to relocate to France and to up his game to an unprecedented operation.</p>\n<p><b>Boiler Room Follies:</b>The circumstances and details of how Quinn built his swindling masterpiece are a bit fuzzy, but it is believed that the scheme was first hatched in 1984 and was coordinated out of his $6 million villa in the south of France.</p>\n<p>Quinn set up an archipelago of offices in several European countries and in Dubai, Jamaica and the tiny South Pacific island nation of Vanuatu, and he gave them phony names that sounded similar to respectable brokerages.</p>\n<p>Each office was staffed with salesmen who were tasked to sell stocks for 20 U.S. corporations to individual investors around the world. The stocks in question were mostly shell companies trading on the over-the-counter exchanges that Quinn picked up for pennies, but they were resold by Quinn’s salesmen at inflated amounts.</p>\n<p>The investors were culled from mailing lists sold by publishing companies and professional organizations, as well as from respondents to advertisements placed in newsletters focused on the over-the-counter markets.</p>\n<p>Quinn’s henchmen would telephone the investors —&nbsp;nearly all of whom were novices to investing —&nbsp;and do a high-pressure sales spiel that, more often than not, resulted in the separation of the gullible targets from their money.</p>\n<p>Quinn’s team aimed at European, Australian, Middle Eastern and Hong Kong neophyte investors. The only country off-limits from this scheme was the U.S. Quinn was already on the FBI’s radar and the last thing he wanted was to give them cause to pursue him anew.</p>\n<p><b>A Temporary Setback:</b>&nbsp;In 1988, Quinn’s arrest in France&nbsp;saw him charged with securities fraud, forgery of administrative documents and the possession of two fake Greek passports. His detention and the subsequent arrest of 20 of his salesmen created a fascinating dilemma for banking and law enforcement agencies in multiple countries.</p>\n<p>For starters, no one could easily figure out where the majority of Quinn’s $500 million in ill-gotten gains wound up.&nbsp;Transfers were traced through banks in Switzerland, Luxembourg and Gibraltar, as well as the beleaguered&nbsp;<b>Bank of Credit and Commerce International</b>&nbsp;in Tampa, Florida, which gained national attention as a favored depository for those involved in drug money laundering. But where the money eventually landed was anyone’s guess, and Quinn’s talent for adopting aliases to cover his business tracks confounded investigators.</p>\n<p>Also, it was unclear regarding how many people were swindled. A pair of class-action lawsuits brought out a total of 500 people trying to regain their money, but some observers of this case speculated the number could have been higher — some investors might have seen Quinn’s scam as a means of evading local taxes and foreign currency exchanges and would then have to answer to their authorities if this chicanery came to light.</p>\n<p>The SEC got into the picture because the stocks being sold in the scheme were all U.S. companies. The agency hosted a meeting in Washington D.C.&nbsp;with law enforcement officers and prosecutors from eight European countries and Australia, with the hopes of sorting out the mess. But since no Americans were defrauded in this elaborate charade, Quinn did not face criminal charges in his own country, although the SEC temporarily froze his U.S. assets.</p>\n<p>In France, Quinn was initially released after agreeing to reimburse his French victims but was arrested again when the Swiss government demanded his extradition.</p>\n<p>He came to trial in 1991 and was only sentenced to four years in prison,&nbsp;but his sentence was reduced to include time served and he was extradited to Switzerland.</p>\n<p>His Alpine detention was brief and by the mid-1990s he returned to the U.S. and rented a luxury home in Greenwich, Connecticut, a swanky suburb of New York City.</p>\n<p><b>An Eventual Stumble:</b>One of Quinn’s neighbors in Greenwich was<b>Martin Frankel,</b>a financier with his own addiction to swindling.</p>\n<p>In 1999, the Wall Street Journal used anonymous “people familiar with the matter” to claim Quinn assisted Frankel in his efforts to raise money for a controlled investment fund designed to buy insurance companies —&nbsp;but this turned out to be an embezzlement scam that resulted in Frankel fleeing the U.S. to Germany on a phony passport.</p>\n<p>Frankel was eventually extradited and spent nearly two decades in prison, but Quinn was never charged for being a partner in Frankel’s shenanigans.</p>\n<p>For most of the 1990s and the 2000s, Quinn kept a very low public profile, although law enforcement tracked his travels to such far-flung places as the Maldives and the United Arab Emirates.</p>\n<p>In 2004, he made a rare appearance at the Irish Derby as the co-owner of the winning thoroughbred Grey Swallow. Photographs of Quinn with the winning racehorse marked the only time that he was ever photographed in a public gathering. (Copyright restrictions prevent us from reprinting the photograph here, butthis linkon the RTE website shows Quinn, standing second from right, at the conclusion of the championship race.)</p>\n<p>In November 2009, Quinn’s luck finally ran out. On a trip back from Ireland to New York’s JFK International Airport, he was arrested for his role within a ring of embezzlers that sought to defraud a pair of British telecommunications companies out of more than $60 million. The scheme had the global hallmarks of Quinn’s earlier criminal triumph, with funds being disbursed to seven countries across four continents.</p>\n<p>Quinn was immediately jailed upon his arrest and was denied bail because it was feared he would attempt to flee the country. He eventually pleaded guilty to a single count of wire fraud and, despite exhortations to avoid prison due to health problems, he was sentenced in March 2013 to 84 months in prison. He was released in May 2016.</p>\n<p>What became of Quinn since his release is unknown. No obituary for him has been published, and he would be 89 years old if he is still alive.</p>\n<p>One information-tracking website listed him residing at a Brooklyn address, but the website also listed an accompanying telephone number that is not in service. Any readers who may have information on Quinn’s whereabouts should contact us and we will offer an update on his story.</p>\n<p>Quinn rarely spoke to anyone about his criminal activities.&nbsp;During an investigative session after his final arrest, he reportedly would only answer questions through a series of eyelid blinks. When a reporter sought to interview him in 1995, he demanded his privacy.</p>\n<p>\"Just forget me,\" Quinn said. \"I've got a lot of trouble and a lot of personal grief. I'm just trying to get on with my life. I'm not in the securities business and never will be again.\"</p>","source":"lsy1606299360108","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 Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World</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 Crime And Punishment: Thomas F. Quinn's Mad, Mad, Mad, Mad World\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-18 08:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million.\nAs ...</p>\n\n<a href=\"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/government/21/07/21990476/wall-street-crime-and-punishment-thomas-f-quinns-mad-mad-mad-mad-world","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139907709","content_text":"Does crime pay?\nIn August 1988, French authorities arrested an American expatriate named Thomas F. Quinn for orchestrating a global securities scheme that defrauded investors out of $500 million.\nAs an unapologetic financial miscreant with a lifelong penchant for fraud, the French escapade represented something of a career peak for Quinn, whose flair of swindling took on an astonishing level of organizing that left no corner of the world untouched.\nIllusory Assets For Sale:Thomas Francis Quinn was born in Brooklyn in 1932; his father drove a cement truck and his mother was a housewife who made extra money selling clothing and jewelry from the family’s garage.\nQuinn was an altar boy in his childhood and was the first member of his family to pursue higher education, graduating from St. John’s University Law School and passing the bar in 1962.\nQuinn opted to go into business for himself, starting a brokerage firm in New York called Thomas, Williams & Lee.The main focus of this firm became the promotion of Kent Industries,a company that claimed to own Florida property valued at $2 million.\nThere was a slight problem — Kent Industries didn’t own anything in the Sunshine State, and this inconvenient fact helped to introduce Quinn to the U.S. Securities and Exchange Commission (SEC).\nLong story short: Quinn received a lifetime banishment from the SEC in 1966 from doing business with brokers and dealers thanks to what the agency defined as his “flagrant fraudulent practices” related to the Kent Industries assets, which the regulator considered to be “almost completely illusory.”\nThe U.S. Department of Justice (DOJ) was a bit slower in dealing with Quinn, but by 1970 he was sent to jail for six months and was later permanently disbarred from practicing law.\nA Job With The Mob:Prior to losing his law license, Quinn gained a partnership in a New York-based securities law firm that set off several alarms among federal law enforcement agencies. Indeed, an FBI report from 1983 recalled this firm’s chief focus was being responsible for the “funds of hoodlum-controlled companies.”\nQuinn was on both the FBI’s and SEC’s respective radars in the early 1980s for his role with two companies,Sundance Gold Mining and Aquarius Gold Exploration, that claimed to have discovered gold in Suriname. The companies created a flurry of excitement among investors, but an investigation into their operations found a hitherto undeclared connection with the Genovese crime family.\nThe SEC filed a civil complaint against Quinn in 1983, charging him with fraudulently manipulating and promoting the companies’ stocks.\nThree years later, he reached a settlement with the regulator by agreeing to permanently stay away from anything related to securities.\nThe FBI, despite finding Mafia fingerprints in Quinn’s business affairs, declined to press charges against him.\nRealizing that he wore out his welcome in his home country, Quinn and his common-law wife Rochelle Rothfleisch decided to relocate to France and to up his game to an unprecedented operation.\nBoiler Room Follies:The circumstances and details of how Quinn built his swindling masterpiece are a bit fuzzy, but it is believed that the scheme was first hatched in 1984 and was coordinated out of his $6 million villa in the south of France.\nQuinn set up an archipelago of offices in several European countries and in Dubai, Jamaica and the tiny South Pacific island nation of Vanuatu, and he gave them phony names that sounded similar to respectable brokerages.\nEach office was staffed with salesmen who were tasked to sell stocks for 20 U.S. corporations to individual investors around the world. The stocks in question were mostly shell companies trading on the over-the-counter exchanges that Quinn picked up for pennies, but they were resold by Quinn’s salesmen at inflated amounts.\nThe investors were culled from mailing lists sold by publishing companies and professional organizations, as well as from respondents to advertisements placed in newsletters focused on the over-the-counter markets.\nQuinn’s henchmen would telephone the investors — nearly all of whom were novices to investing — and do a high-pressure sales spiel that, more often than not, resulted in the separation of the gullible targets from their money.\nQuinn’s team aimed at European, Australian, Middle Eastern and Hong Kong neophyte investors. The only country off-limits from this scheme was the U.S. Quinn was already on the FBI’s radar and the last thing he wanted was to give them cause to pursue him anew.\nA Temporary Setback: In 1988, Quinn’s arrest in France saw him charged with securities fraud, forgery of administrative documents and the possession of two fake Greek passports. His detention and the subsequent arrest of 20 of his salesmen created a fascinating dilemma for banking and law enforcement agencies in multiple countries.\nFor starters, no one could easily figure out where the majority of Quinn’s $500 million in ill-gotten gains wound up. Transfers were traced through banks in Switzerland, Luxembourg and Gibraltar, as well as the beleaguered Bank of Credit and Commerce International in Tampa, Florida, which gained national attention as a favored depository for those involved in drug money laundering. But where the money eventually landed was anyone’s guess, and Quinn’s talent for adopting aliases to cover his business tracks confounded investigators.\nAlso, it was unclear regarding how many people were swindled. A pair of class-action lawsuits brought out a total of 500 people trying to regain their money, but some observers of this case speculated the number could have been higher — some investors might have seen Quinn’s scam as a means of evading local taxes and foreign currency exchanges and would then have to answer to their authorities if this chicanery came to light.\nThe SEC got into the picture because the stocks being sold in the scheme were all U.S. companies. The agency hosted a meeting in Washington D.C. with law enforcement officers and prosecutors from eight European countries and Australia, with the hopes of sorting out the mess. But since no Americans were defrauded in this elaborate charade, Quinn did not face criminal charges in his own country, although the SEC temporarily froze his U.S. assets.\nIn France, Quinn was initially released after agreeing to reimburse his French victims but was arrested again when the Swiss government demanded his extradition.\nHe came to trial in 1991 and was only sentenced to four years in prison, but his sentence was reduced to include time served and he was extradited to Switzerland.\nHis Alpine detention was brief and by the mid-1990s he returned to the U.S. and rented a luxury home in Greenwich, Connecticut, a swanky suburb of New York City.\nAn Eventual Stumble:One of Quinn’s neighbors in Greenwich wasMartin Frankel,a financier with his own addiction to swindling.\nIn 1999, the Wall Street Journal used anonymous “people familiar with the matter” to claim Quinn assisted Frankel in his efforts to raise money for a controlled investment fund designed to buy insurance companies — but this turned out to be an embezzlement scam that resulted in Frankel fleeing the U.S. to Germany on a phony passport.\nFrankel was eventually extradited and spent nearly two decades in prison, but Quinn was never charged for being a partner in Frankel’s shenanigans.\nFor most of the 1990s and the 2000s, Quinn kept a very low public profile, although law enforcement tracked his travels to such far-flung places as the Maldives and the United Arab Emirates.\nIn 2004, he made a rare appearance at the Irish Derby as the co-owner of the winning thoroughbred Grey Swallow. Photographs of Quinn with the winning racehorse marked the only time that he was ever photographed in a public gathering. (Copyright restrictions prevent us from reprinting the photograph here, butthis linkon the RTE website shows Quinn, standing second from right, at the conclusion of the championship race.)\nIn November 2009, Quinn’s luck finally ran out. On a trip back from Ireland to New York’s JFK International Airport, he was arrested for his role within a ring of embezzlers that sought to defraud a pair of British telecommunications companies out of more than $60 million. The scheme had the global hallmarks of Quinn’s earlier criminal triumph, with funds being disbursed to seven countries across four continents.\nQuinn was immediately jailed upon his arrest and was denied bail because it was feared he would attempt to flee the country. He eventually pleaded guilty to a single count of wire fraud and, despite exhortations to avoid prison due to health problems, he was sentenced in March 2013 to 84 months in prison. He was released in May 2016.\nWhat became of Quinn since his release is unknown. No obituary for him has been published, and he would be 89 years old if he is still alive.\nOne information-tracking website listed him residing at a Brooklyn address, but the website also listed an accompanying telephone number that is not in service. Any readers who may have information on Quinn’s whereabouts should contact us and we will offer an update on his story.\nQuinn rarely spoke to anyone about his criminal activities. During an investigative session after his final arrest, he reportedly would only answer questions through a series of eyelid blinks. When a reporter sought to interview him in 1995, he demanded his privacy.\n\"Just forget me,\" Quinn said. \"I've got a lot of trouble and a lot of personal grief. I'm just trying to get on with my life. I'm not in the securities business and never will be again.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835331293,"gmtCreate":1629686797312,"gmtModify":1633683189587,"author":{"id":"3586519067840195","authorId":"3586519067840195","name":"cxseah","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586519067840195","authorIdStr":"3586519067840195"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/835331293","repostId":"1124774000","repostType":4,"repost":{"id":"1124774000","kind":"news","pubTimestamp":1629684911,"share":"https://www.laohu8.com/m/news/1124774000?lang=&edition=full","pubTime":"2021-08-23 10:15","market":"fut","language":"en","title":"Where's the price of Bitcoin going? Money supply growth may give a clue","url":"https://stock-news.laohu8.com/highlight/detail?id=1124774000","media":"seekingalpha","summary":"It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, b","content":"<ul>\n <li>It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, but historical data seems to suggest that money that is being circulated throughout the U.S. economy serves as an indicator for what the direction for the price of Bitcoin (BTC-USD) will be based on historical data.</li>\n <li>The relationship between U.S. M2 money supply (a broad measure of cash and time deposits held by the public)&nbsp;and Bitcoin (BTC-USD) is more intact one would expect, however;</li>\n <li>Bitcoin (BTC-USD) has been diverging from the deceleration in money supply since it recovered to $47.5K on Friday, from $30K in end-July.</li>\n <li>Still, as M2 growth continues to fade, historical trends suggest that the largest cryptocurrency has plentiful downside price risk ahead.</li>\n <li>M2 money supply Y/Y growth rate peaked at 27.2% in mid-February, just about two months before Bitcoin (BTC-USD) peaked at $65.5K in mid-April.</li>\n <li>This compares to an M2 growth rate of 11.82% as of July 5 of this year. Prior to the pandemic, M2 was growing at a mere 6%-7% annualized rate.</li>\n <li>Despite Bitcoin's (BTC-USD) recent rally, digital asset investment products saw a sixth consecutive week of outflows for the week ended Aug. 13, the longest run of consecutive outflows since January 2018, CoinShares Investment Strategist James Butterfill writes in ablog.</li>\n <li>Investment product volumes are at $3.1B per week, compared with $7B in May, Butterfill notes.</li>\n <li>Another risk that impacts digital asset flows other than typical seasonal effects is regulatory intervention such as the provision in the U.S. infrastructure bill, which requires brokers of digital assets toreport gains from trading to the Internal Revenue Service.</li>\n <li>For the week ended Aug. 13, hedge funds continue to cut their net short positions in Bitcoin to an 11-week low, Hedgopia writes in atweet. Net shorts are still elevated but down from its peak in mid-June, implying additional downside risk for BTC.</li>\n <li><b>Digging deeper into the liquidity trap:</b></li>\n <li>Although money supply continues to reach new record highs, it is doing so at a less rapid pace, however, the Y/Y growth rate of the velocity of M2 money supply (a measure of how much GDP is generated per dollar of M2 money supply) is above pre-pandemic levels.<img src=\"https://static.tigerbbs.com/7322b4c9a965d71f93cb5325ebfda50a\" tg-width=\"1168\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></li>\n <li>Still, money velocity remains near historical lows as dollars are trapped in financial assets, which does not contribute to productivity growth since dollars aren't being circulated throughout the economy.</li>\n <li>Large scale government transfers and quantitative easing both contribute to the rising money supply, which then triggers diminishing gains in GDP output but triggers asset price inflation throughout financial markets.</li>\n <li>In response to fiscal and monetary policy, money velocity has crashed to levels not seen since World War II.&nbsp;<img src=\"https://static.tigerbbs.com/9687d8fcebb51981a19cde89ad49eef1\" tg-width=\"1168\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></li>\n <li>Bitcoin (BTC-USD) is clearly the centerpiece for the crypto market as it recently reached a $2T market capitalization. Since the $2T can be converted into fiat currency, Bitcoin (BTC-USD) may represent a broad measure of money just like M2 money supply but at asmaller scale.</li>\n <li>As of June, there was $20.4T in M2 money stock. The growth in M2 from February 2020 to May 2020 was much larger than in the period fromJune 2020 to currently. Bitcoin (BTC-USD) also rose in those time periods.</li>\n <li>Earlier this week, Michael Saylor says Bitcoin (BTC-USD) will be a$100T asset class that everybody needs.</li>\n <li>In June, El Salvador to make Bitcoin (BTC-USD)legal tender.</li>\n</ul>","source":"seekingalpha","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>Where's the price of Bitcoin going? Money supply growth may give a clue</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\">\nWhere's the price of Bitcoin going? Money supply growth may give a clue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-23 10:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3732415-liquidity-shortage-calls-for-lower-bitcoin-price><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, but historical data seems to suggest that money that is being circulated throughout the U.S. economy ...</p>\n\n<a href=\"https://seekingalpha.com/news/3732415-liquidity-shortage-calls-for-lower-bitcoin-price\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://seekingalpha.com/news/3732415-liquidity-shortage-calls-for-lower-bitcoin-price","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1124774000","content_text":"It may seem ironic that, the movement of dollars and bitcoin's (BTC-USD) price are somehow linked, but historical data seems to suggest that money that is being circulated throughout the U.S. economy serves as an indicator for what the direction for the price of Bitcoin (BTC-USD) will be based on historical data.\nThe relationship between U.S. M2 money supply (a broad measure of cash and time deposits held by the public) and Bitcoin (BTC-USD) is more intact one would expect, however;\nBitcoin (BTC-USD) has been diverging from the deceleration in money supply since it recovered to $47.5K on Friday, from $30K in end-July.\nStill, as M2 growth continues to fade, historical trends suggest that the largest cryptocurrency has plentiful downside price risk ahead.\nM2 money supply Y/Y growth rate peaked at 27.2% in mid-February, just about two months before Bitcoin (BTC-USD) peaked at $65.5K in mid-April.\nThis compares to an M2 growth rate of 11.82% as of July 5 of this year. Prior to the pandemic, M2 was growing at a mere 6%-7% annualized rate.\nDespite Bitcoin's (BTC-USD) recent rally, digital asset investment products saw a sixth consecutive week of outflows for the week ended Aug. 13, the longest run of consecutive outflows since January 2018, CoinShares Investment Strategist James Butterfill writes in ablog.\nInvestment product volumes are at $3.1B per week, compared with $7B in May, Butterfill notes.\nAnother risk that impacts digital asset flows other than typical seasonal effects is regulatory intervention such as the provision in the U.S. infrastructure bill, which requires brokers of digital assets toreport gains from trading to the Internal Revenue Service.\nFor the week ended Aug. 13, hedge funds continue to cut their net short positions in Bitcoin to an 11-week low, Hedgopia writes in atweet. Net shorts are still elevated but down from its peak in mid-June, implying additional downside risk for BTC.\nDigging deeper into the liquidity trap:\nAlthough money supply continues to reach new record highs, it is doing so at a less rapid pace, however, the Y/Y growth rate of the velocity of M2 money supply (a measure of how much GDP is generated per dollar of M2 money supply) is above pre-pandemic levels.\nStill, money velocity remains near historical lows as dollars are trapped in financial assets, which does not contribute to productivity growth since dollars aren't being circulated throughout the economy.\nLarge scale government transfers and quantitative easing both contribute to the rising money supply, which then triggers diminishing gains in GDP output but triggers asset price inflation throughout financial markets.\nIn response to fiscal and monetary policy, money velocity has crashed to levels not seen since World War II. \nBitcoin (BTC-USD) is clearly the centerpiece for the crypto market as it recently reached a $2T market capitalization. Since the $2T can be converted into fiat currency, Bitcoin (BTC-USD) may represent a broad measure of money just like M2 money supply but at asmaller scale.\nAs of June, there was $20.4T in M2 money stock. The growth in M2 from February 2020 to May 2020 was much larger than in the period fromJune 2020 to currently. Bitcoin (BTC-USD) also rose in those time periods.\nEarlier this week, Michael Saylor says Bitcoin (BTC-USD) will be a$100T asset class that everybody needs.\nIn June, El Salvador to make Bitcoin (BTC-USD)legal tender.","news_type":1},"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}