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Eric7272

Eric7272

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2021-08-09

Must take serious action against the culprit

抱歉，原内容已删除

2021-07-30

Hoe say!

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2021-07-28

Buy now!

Is It Too Late to Buy Nio Stock?

2021-07-19

Wow

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2021-07-15

Wow

UBS hikes price target for Netflix, says subscriptions will pick up in second half of the year

2021-07-14

Good

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2021-07-07

Y

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2021-07-06

Y

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2021-07-06

Good

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2021-07-05

Di

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2021-07-04

Good

Why high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%

2021-07-04

[Miser] [Miser]

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2021-07-03

Tell me your opinion about this news...

Wall Street Rebels Warn of ‘Disastrous’ $11 Trillion Index Boom

2021-07-03

Bravo

Apple Could Become Google's Biggest Cloud Customer

2021-07-02

Excellent!

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2021-07-01

Okie

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2021-06-30

Excellent

Tech stocks propel S&P 500, Nasdaq to fresh highs

2021-06-29

Like [Smile]

Tech stock rally sends S&P and Nasdaq to record highs

2021-06-29

[Happy]

抱歉，原内容已删除

2021-06-29

Okie

NIO Will Surpass Tesla as China's Top EV Maker, Navellier Says

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take serious action against the culprit","listText":"Must take serious action against the culprit","text":"Must take serious action against the culprit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/898152342","repostId":"1136322726","repostType":4,"isVote":1,"tweetType":1,"viewCount":315,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806122565,"gmtCreate":1627643187857,"gmtModify":1631891719253,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Hoe say!","listText":"Hoe say!","text":"Hoe say!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806122565","repostId":"1119303056","repostType":4,"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803753970,"gmtCreate":1627466614390,"gmtModify":1631891719256,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Buy now!","listText":"Buy now!","text":"Buy now!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/803753970","repostId":"2154362911","repostType":4,"repost":{"id":"2154362911","kind":"highlight","pubTimestamp":1627464398,"share":"https://www.laohu8.com/m/news/2154362911?lang=&edition=full","pubTime":"2021-07-28 17:26","market":"us","language":"en","title":"Is It Too Late to Buy Nio Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2154362911","media":"Motley Fool","summary":"The company has made strides to begin to grow into its high valuation.","content":"<p>Shares of Chinese electric-vehicle (EV) maker <b>Nio</b> (NYSE:NIO) are about 30% below January 2021 highs. But investors still might think it's too late to buy shares, as the stock is still up 260% from <a href=\"https://laohu8.com/S/AONE.U\">one</a> year ago, and just under 1,000% higher since the start of 2020.</p>\n<p>Though the company is making progress toward profitability, Nio is still recording net losses. With a market cap of over $70 billion, there is already much future success built into the company's share price. But recent progress on its growth plans indicate it might not be too late to buy the stock, as long as you understand the risks involved with an aggressive investment such as this, and enter with a long-term mindset.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F632374%2Fnio03-the-first-mass-shipment-of-es8s-from-hefei.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"393\" width=\"100%\" height=\"auto\"><span>Nio ES8 electric SUVs being loaded for transit to Norway. Image source: Nio.</span></p>\n<h2>Growing the company, and its market</h2>\n<p>Nio has been quickly growing sales of its EVs. The company delivered almost 44,000 vehicles in 2020, representing a 113% increase above 2019 levels. That growth has continued into 2021, even with some production delays from the global semiconductor shortage. In the 2021 second quarter, Nio more than doubled vehicle deliveries again over the comparable 2020 period. But as previously mentioned, that kind of growth is already built into the company's valuation, and the overall production volume is still relatively low.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> important news items came from Nio in recent months, however. The company announced in May that it will begin selling its vehicles outside of China for the first time, entering the European market initially in Norway. Also in May, Nio said it will support that expansion with a new manufacturing agreement with its state-owned partner Jianghuai Automobile Group (JAC).</p>\n<p>The three-year agreement extension through May 2024 will allow JAC to continue manufacturing Nio's three current SUV models as well as its upcoming ET7 luxury sedan planned for production beginning in early 2022. It will also include potentially new models yet to be announced. Also, due to growing demand for Nio vehicles, a new factory under construction will help scale production by twice the current capacity to about 240,000 vehicles per year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fc43801dd6a94686ac5b655234ae4ab\" tg-width=\"700\" tg-height=\"393\" width=\"100%\" height=\"auto\"><span>A customer in Norway sits in a Nio. Image source: Nio.</span></p>\n<h2>What comes next</h2>\n<p>Nio announced that on July 20 it shipped the first load of its flagship ES8 electric SUVs from Shanghai destined for Norway. China is the largest automotive market in the world, but Europe is a global leader in EV sales. A combination of increasing production capacity and a move into another large market represents the growth in scale that Nio shareholders should want to see.</p>\n<p>And the company isn't just selling vehicles in Norway. It plans to establish a presence with a full Nio ecosystem similar to its home market. The company said in a statement that in addition to ES8 deliveries to customers beginning in September, the company will also offer a service network, its unique battery charging and swap stations, and a social community it calls Nio House and Nio Life to Norwegian users.</p>\n<p>The battery swap stations add an income stream with a subscription service to quickly \"recharge\" vehicles with an automated battery exchange. The company has a plan to&nbsp;expand the service in China, and will offer it in Norway as well.</p>\n<h2>About the valuation</h2>\n<p>Investors, of course, shouldn't just invest in a plan and a dream. But based on a price-to-sales ratio, Nio is similarly valued to <b>Tesla</b> (NASDAQ:TSLA), if not less expensive.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59d72fd7c3339994737255e07214c54c\" tg-width=\"720\" tg-height=\"387\" width=\"100%\" height=\"auto\"><span>Nio market cap data by YCharts.</span></p>\n<p>That doesn't make it cheap, but for those who believe the company can continue to grow along with the EV sector in China and beyond, shares of Nio could still make sense for a position in an aggressive portion of a 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>Is It Too Late to Buy Nio Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs It Too Late to Buy Nio Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 17:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/27/is-it-too-late-to-buy-nio-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Chinese electric-vehicle (EV) maker Nio (NYSE:NIO) are about 30% below January 2021 highs. But investors still might think it's too late to buy shares, as the stock is still up 260% from one...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/27/is-it-too-late-to-buy-nio-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/07/27/is-it-too-late-to-buy-nio-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154362911","content_text":"Shares of Chinese electric-vehicle (EV) maker Nio (NYSE:NIO) are about 30% below January 2021 highs. But investors still might think it's too late to buy shares, as the stock is still up 260% from one year ago, and just under 1,000% higher since the start of 2020.\nThough the company is making progress toward profitability, Nio is still recording net losses. With a market cap of over $70 billion, there is already much future success built into the company's share price. But recent progress on its growth plans indicate it might not be too late to buy the stock, as long as you understand the risks involved with an aggressive investment such as this, and enter with a long-term mindset.\nNio ES8 electric SUVs being loaded for transit to Norway. Image source: Nio.\nGrowing the company, and its market\nNio has been quickly growing sales of its EVs. The company delivered almost 44,000 vehicles in 2020, representing a 113% increase above 2019 levels. That growth has continued into 2021, even with some production delays from the global semiconductor shortage. In the 2021 second quarter, Nio more than doubled vehicle deliveries again over the comparable 2020 period. But as previously mentioned, that kind of growth is already built into the company's valuation, and the overall production volume is still relatively low.\nTwo important news items came from Nio in recent months, however. The company announced in May that it will begin selling its vehicles outside of China for the first time, entering the European market initially in Norway. Also in May, Nio said it will support that expansion with a new manufacturing agreement with its state-owned partner Jianghuai Automobile Group (JAC).\nThe three-year agreement extension through May 2024 will allow JAC to continue manufacturing Nio's three current SUV models as well as its upcoming ET7 luxury sedan planned for production beginning in early 2022. It will also include potentially new models yet to be announced. Also, due to growing demand for Nio vehicles, a new factory under construction will help scale production by twice the current capacity to about 240,000 vehicles per year.\nA customer in Norway sits in a Nio. Image source: Nio.\nWhat comes next\nNio announced that on July 20 it shipped the first load of its flagship ES8 electric SUVs from Shanghai destined for Norway. China is the largest automotive market in the world, but Europe is a global leader in EV sales. A combination of increasing production capacity and a move into another large market represents the growth in scale that Nio shareholders should want to see.\nAnd the company isn't just selling vehicles in Norway. It plans to establish a presence with a full Nio ecosystem similar to its home market. The company said in a statement that in addition to ES8 deliveries to customers beginning in September, the company will also offer a service network, its unique battery charging and swap stations, and a social community it calls Nio House and Nio Life to Norwegian users.\nThe battery swap stations add an income stream with a subscription service to quickly \"recharge\" vehicles with an automated battery exchange. The company has a plan to expand the service in China, and will offer it in Norway as well.\nAbout the valuation\nInvestors, of course, shouldn't just invest in a plan and a dream. But based on a price-to-sales ratio, Nio is similarly valued to Tesla (NASDAQ:TSLA), if not less expensive.\nNio market cap data by YCharts.\nThat doesn't make it cheap, but for those who believe the company can continue to grow along with the EV sector in China and beyond, shares of Nio could still make sense for a position in an aggressive portion of a portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173409398,"gmtCreate":1626675824614,"gmtModify":1631891719262,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/173409398","repostId":"1111084715","repostType":4,"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147862505,"gmtCreate":1626351028107,"gmtModify":1631891719263,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/147862505","repostId":"1129377182","repostType":4,"repost":{"id":"1129377182","kind":"news","pubTimestamp":1626349917,"share":"https://www.laohu8.com/m/news/1129377182?lang=&edition=full","pubTime":"2021-07-15 19:51","market":"us","language":"en","title":"UBS hikes price target for Netflix, says subscriptions will pick up in second half of the year","url":"https://stock-news.laohu8.com/highlight/detail?id=1129377182","media":"CNBC","summary":"Netflix’s subscription growth is poised to accelerate in the second half of the year, and that shoul","content":"<div>\n<p>Netflix’s subscription growth is poised to accelerate in the second half of the year, and that should push the company’s stock higher, according to UBS.\nAnalyst John Hodulik hiked his price target for...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/ubs-hikes-price-target-for-netflix-says-subscriptions-will-pick-up-in-second-half-of-the-year.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UBS hikes price target for Netflix, says subscriptions will pick up in second half of the year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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\">\nUBS hikes price target for Netflix, says subscriptions will pick up in second half of the year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/15/ubs-hikes-price-target-for-netflix-says-subscriptions-will-pick-up-in-second-half-of-the-year.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Netflix’s subscription growth is poised to accelerate in the second half of the year, and that should push the company’s stock higher, according to UBS.\nAnalyst John Hodulik hiked his price target for...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/15/ubs-hikes-price-target-for-netflix-says-subscriptions-will-pick-up-in-second-half-of-the-year.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NFLX":"奈飞"},"source_url":"https://www.cnbc.com/2021/07/15/ubs-hikes-price-target-for-netflix-says-subscriptions-will-pick-up-in-second-half-of-the-year.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1129377182","content_text":"Netflix’s subscription growth is poised to accelerate in the second half of the year, and that should push the company’s stock higher, according to UBS.\nAnalyst John Hodulik hiked his price target for the streaming giant’s stock, saying in a note to clients on Thursday that Netflix was poised to beat low guidance for the second quarter and then see subscriptions grow into the end of the year.\n“App downloads suggest upside to [management]’s guide for 1M net adds in 2Q given strength in Asia and we are increasing our estimate to 1.9M from 1.0M. We expect ramping content production and the return of popular series ... as well as tent pole films ... to help drive stronger sub growth going forward,” the note said.\nUBS’ new target is $620 per share, up from $600, representing 13% upside from where the stock closed on Wednesday. The firm also reiterated its buy rating on the stock.\nNetflix and other streamers saw a surge in subscriptions in 2020 as the pandemic forced people to spend more time at home and limited other entertainment options. However, Netflix’s stock has struggled in 2021 as the economy has reopened and the pandemic restrictions for Hollywood production led to delayed releases.\nNetflix is scheduled to report its second-quarter earnings on July 20.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144339385,"gmtCreate":1626266828847,"gmtModify":1631891719264,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144339385","repostId":"1134311698","repostType":4,"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140220459,"gmtCreate":1625662744171,"gmtModify":1631891719269,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/140220459","repostId":"2149397835","repostType":4,"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154442721,"gmtCreate":1625541737463,"gmtModify":1631891719272,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154442721","repostId":"1181016623","repostType":4,"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154456024,"gmtCreate":1625540916868,"gmtModify":1631891719277,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154456024","repostId":"1116255026","repostType":4,"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155575728,"gmtCreate":1625447204064,"gmtModify":1631891719278,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Di","listText":"Di","text":"Di","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155575728","repostId":"1169840279","repostType":4,"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155827350,"gmtCreate":1625403638870,"gmtModify":1631894016227,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/155827350","repostId":"1109375790","repostType":4,"repost":{"id":"1109375790","kind":"news","pubTimestamp":1625370494,"share":"https://www.laohu8.com/m/news/1109375790?lang=&edition=full","pubTime":"2021-07-04 11:48","market":"us","language":"en","title":"Why high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%","url":"https://stock-news.laohu8.com/highlight/detail?id=1109375790","media":"MarketWatch","summary":"More predictable businesses tend to be more profitable stock investments.Trust is one of the most valuable assets a company can cultivate.  Within an organization, trust percolates into culture. Outside an organization, it translates into loyalty.  Quality shareholders  who value long-term trust among all stakeholders — employees, customers and shareholders — maintain this viewpoint in their investment practice.TheTrust Across America initiative has identified the most trustworthy U.S. public co","content":"<blockquote>\n <b>More predictable businesses tend to be more profitable stock investments.</b>\n</blockquote>\n<p>Trust is one of the most valuable assets a company can cultivate.&nbsp; Within an organization, trust percolates into culture.&nbsp;Outside an organization, it translates into loyalty.&nbsp; Quality shareholders (QS) who value long-term trust among all stakeholders — employees, customers and shareholders —&nbsp;maintain this&nbsp;viewpoint in their investment practice.</p>\n<p>TheTrust Across America(TAA) initiative has identified the most&nbsp;trustworthy&nbsp;U.S. public&nbsp;companies using objective&nbsp;and quantitative&nbsp;indicators including accounting&nbsp;conservativeness&nbsp;and financial stability, as well as a secondary screen of more subjective criteria such as employee reviews and news reports.</p>\n<p>Companies regarded as trustworthy also tend to rate highly in rankings of shareholder quality produced by the&nbsp;Quality Shareholders Initiative&nbsp;(QSI), which I run, as well as the proprietary database of&nbsp;EQX, which I use to cross-check the QSI data.</p>\n<p>TAA’s assessment of the S&amp;P 500SPX,+0.75%in 2020 identified 51 companies, of which 49&nbsp;are also included in the QSI rankings. Comparing the two, more than one-fourth of the top TAA companies are in the top decile of the QSI; two-thirds are in the top quarter, and all but two (92%) are in the top half.</p>\n<p>Notably, both the TAA top 10 and the QSI Top 25 outperformed the S&amp;P 500 by 30% and 50%, respectively, in recent five-year periods. Here’s a sampling of companies scoring high on both trust and quality:</p>\n<p>Texas InstrumentsTXN,+0.72%makes most of its revenue selling computer chips and is among the world’s largest manufacturers of semiconductors. Founded by a group of electrical engineers in 1951, the company boasts a culture of intelligent innovation. Its business is protected by four protective “moats” including: manufacturing and technology skill thanks to its employees; a broad portfolio of processing chips to meet a wide range of customer needs; the reach of its market channels thanks to both, and its diversity and longevity.</p>\n<p>For investors, this adds up to a winning recipe, particularly when combined with Texas Instruments’s capital management strategy, which is to maximize the company’s long-term growth in free cash-flow per share and to&nbsp;allocate such capital in accordance with the QS playbook&nbsp;that prioritizes wise reinvestment, disciplined acquisitions, low-priced share buybacks and shareholder dividends. Some of the company’s notable QSs include: Alliance Bernstein, Bessemer Group, Capital World Investors, State Farm Mutual, and T. Rowe Price Group.</p>\n<p>Another stock on this list, EcolabECL,+0.77%,is a global leader in water treatment. Founded in 1923 as the Economics Laboratory, its long-term outlook shows in the longevity of senior leadership: the company has had just seven CEOs in almost 100 years of existence.</p>\n<p>Those CEOs inculcated a culture of customer care, a relentless focus on helping customers solve problems and meet goals. A learning organization, such a performance culture permeates the business from production to sales, as employees commit to the long-term goal of being indispensable to customers. Management rewards that employee conviction with long-term incentives and a high degree of autonomy.&nbsp;Ecolab’s QSs include: Cantillon Capital, Clearbridge Investments, Franklin Resources, and the Gates Foundation.</p>\n<p>Finally, consider Ball CorporationBLL,-0.68%,the world’s largest manufacturer of recyclable containers.&nbsp; Founded in the late 1800s by two brother-entrepreneurs who foresaw that the Mason jar patent was about to expire and built a glassblowing facility to manufacture such jars.</p>\n<p>Ball remains characterized by a culture of family, innovation and natural-resources conscientiousness. For instance, Ball foresaw the ecological and commercial need to pivot away from PET and glass containers, both costly to recycle and posing environmental damage, and towards eco-friendly and profitable aluminum. The company adopts economic value added (EVA) to assure every dollar is well-spent, long-term employee incentive compensation to reward long-term sustainable growth, and a spirit of entrepreneurial freedom. QSs include: Chilton Investment Co.; T. Rowe Price; Wellington&nbsp;Management Group and&nbsp;Winslow Capital Management.</p>\n<p>While some investors focus solely on the bottom line and others only on signals of corporate virtue, QSs are holistic, considering the inherent relationship between trust and long-term value. Nebulous as the notion of trust in corporate culture might seem, it’s a profitable as well as ethical value to probe.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-04 11:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-high-quality-trustworthy-companies-have-beaten-the-s-p-500-by-30-50-11625020379?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More predictable businesses tend to be more profitable stock investments.\n\nTrust is one of the most valuable assets a company can cultivate.  Within an organization, trust percolates into culture. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-high-quality-trustworthy-companies-have-beaten-the-s-p-500-by-30-50-11625020379?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/why-high-quality-trustworthy-companies-have-beaten-the-s-p-500-by-30-50-11625020379?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109375790","content_text":"More predictable businesses tend to be more profitable stock investments.\n\nTrust is one of the most valuable assets a company can cultivate.  Within an organization, trust percolates into culture. Outside an organization, it translates into loyalty.  Quality shareholders (QS) who value long-term trust among all stakeholders — employees, customers and shareholders — maintain this viewpoint in their investment practice.\nTheTrust Across America(TAA) initiative has identified the most trustworthy U.S. public companies using objective and quantitative indicators including accounting conservativeness and financial stability, as well as a secondary screen of more subjective criteria such as employee reviews and news reports.\nCompanies regarded as trustworthy also tend to rate highly in rankings of shareholder quality produced by the Quality Shareholders Initiative (QSI), which I run, as well as the proprietary database of EQX, which I use to cross-check the QSI data.\nTAA’s assessment of the S&P 500SPX,+0.75%in 2020 identified 51 companies, of which 49 are also included in the QSI rankings. Comparing the two, more than one-fourth of the top TAA companies are in the top decile of the QSI; two-thirds are in the top quarter, and all but two (92%) are in the top half.\nNotably, both the TAA top 10 and the QSI Top 25 outperformed the S&P 500 by 30% and 50%, respectively, in recent five-year periods. Here’s a sampling of companies scoring high on both trust and quality:\nTexas InstrumentsTXN,+0.72%makes most of its revenue selling computer chips and is among the world’s largest manufacturers of semiconductors. Founded by a group of electrical engineers in 1951, the company boasts a culture of intelligent innovation. Its business is protected by four protective “moats” including: manufacturing and technology skill thanks to its employees; a broad portfolio of processing chips to meet a wide range of customer needs; the reach of its market channels thanks to both, and its diversity and longevity.\nFor investors, this adds up to a winning recipe, particularly when combined with Texas Instruments’s capital management strategy, which is to maximize the company’s long-term growth in free cash-flow per share and to allocate such capital in accordance with the QS playbook that prioritizes wise reinvestment, disciplined acquisitions, low-priced share buybacks and shareholder dividends. Some of the company’s notable QSs include: Alliance Bernstein, Bessemer Group, Capital World Investors, State Farm Mutual, and T. Rowe Price Group.\nAnother stock on this list, EcolabECL,+0.77%,is a global leader in water treatment. Founded in 1923 as the Economics Laboratory, its long-term outlook shows in the longevity of senior leadership: the company has had just seven CEOs in almost 100 years of existence.\nThose CEOs inculcated a culture of customer care, a relentless focus on helping customers solve problems and meet goals. A learning organization, such a performance culture permeates the business from production to sales, as employees commit to the long-term goal of being indispensable to customers. Management rewards that employee conviction with long-term incentives and a high degree of autonomy. Ecolab’s QSs include: Cantillon Capital, Clearbridge Investments, Franklin Resources, and the Gates Foundation.\nFinally, consider Ball CorporationBLL,-0.68%,the world’s largest manufacturer of recyclable containers.  Founded in the late 1800s by two brother-entrepreneurs who foresaw that the Mason jar patent was about to expire and built a glassblowing facility to manufacture such jars.\nBall remains characterized by a culture of family, innovation and natural-resources conscientiousness. For instance, Ball foresaw the ecological and commercial need to pivot away from PET and glass containers, both costly to recycle and posing environmental damage, and towards eco-friendly and profitable aluminum. The company adopts economic value added (EVA) to assure every dollar is well-spent, long-term employee incentive compensation to reward long-term sustainable growth, and a spirit of entrepreneurial freedom. QSs include: Chilton Investment Co.; T. Rowe Price; Wellington Management Group and Winslow Capital Management.\nWhile some investors focus solely on the bottom line and others only on signals of corporate virtue, QSs are holistic, considering the inherent relationship between trust and long-term value. Nebulous as the notion of trust in corporate culture might seem, it’s a profitable as well as ethical value to probe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155824899,"gmtCreate":1625403527911,"gmtModify":1631894016229,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"[Miser]&nbsp;[Miser]&nbsp;","listText":"[Miser]&nbsp;[Miser]&nbsp;","text":"[Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155824899","repostId":"1160702483","repostType":4,"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152195354,"gmtCreate":1625274494878,"gmtModify":1631894016235,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152195354","repostId":"1175147780","repostType":4,"repost":{"id":"1175147780","kind":"news","pubTimestamp":1625236555,"share":"https://www.laohu8.com/m/news/1175147780?lang=&edition=full","pubTime":"2021-07-02 22:35","market":"fut","language":"en","title":"Wall Street Rebels Warn of ‘Disastrous’ $11 Trillion Index Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=1175147780","media":"Bloomberg","summary":"Fifty years since first fund, critics fear passive is too big\nWorries include ownership, price disco","content":"<ul>\n <li>Fifty years since first fund, critics fear passive is too big</li>\n <li>Worries include ownership, price discovery and volatility</li>\n</ul>\n<p>To critics of the $11 trillion passive boom, active management is the original form of ethical investing -- and time is running out to save it from the indexing onslaught.</p>\n<p>“On a societal basis, it’s potentially disastrous,” says Michael Green, chief strategist at Simplify Asset Management, referring to the passive frenzy. “There’s an impending crisis that requires people to make changes.”</p>\n<p>Fifty years since the&nbsp;first fund&nbsp;was created to mimic the moves of an entire market, naysayers fear the industry is now so big it threatens the capitalist social order.</p>\n<p><img src=\"https://static.tigerbbs.com/c514258b8f07d46eb245784913cfa913\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Yes, it lowered costs, brought investing to the masses and improved returns for many. But the dark side according to the critics: It’s funneling money to undeserving businesses, distorting price discovery and intensifying volatility.</p>\n<p>“Markets are ultimately not about funding someone else’s retirement but instead about allocating capital efficiently within an economy and creating the signals that encourage investment in the better companies,” says Green.</p>\n<p>His fears over the demise of stock picking are shared by a vocal contingent in full knowledge they’re likely fighting a losing battle.</p>\n<p>Inigo Fraser Jenkins, head of global quantitative strategy at Sanford C. Bernstein, once declared passive investing to be worse than Marxism. Michael Burry of “The Big Short” fame tweeted that “passive investing’s IQ drain” is fueling a stock bubble. Yves Choueifaty, a Frenchman known for his $10 billion “anti-benchmark” strategies, once called it “completely toxic.”</p>\n<p>Yet investors are pouring billions into index-trackers for good reason: Evidence keeps showing that most active managers fail to beat their benchmarks after fees, while those who do struggle to maintain that performance.</p>\n<p>Cue three lines of critique over the unintended consequences, mostly leveled at the predominant form of indexing which weights gauges based on a company’s market capitalization.</p>\n<p>First, it creates economies of scale that concentrate equity ownership in a handful of passive giants like BlackRock Inc. and Vanguard Group. (One academic&nbsp;estimate&nbsp;suggests the three biggest money managers could cast as much as 40% of the votes in S&amp;P 500 stocks within two decades.) Second, it will ultimately be bad for investors when the largest stocks start to underperform. And third, it’s distorting share prices.</p>\n<p>That last point is a hotly debated issue. One point Green likes to make is passive has made markets more volatile. In apaperlast year, academics Xavier Gabaix and Ralph Koijen argued that the dominance of price-insensitive shareholders -- which tend to include index funds -- means that $1 of inflows can lead to $5 more in aggregate market value.</p>\n<p>To the likes of Green, that’s why stocks are posting massive moves more often in recent years between bouts of eerie calm, a phenomenon documented by strategists at Bank of America Corp. and Societe Generale SA.</p>\n<p>Another implication is that if flows are moving prices, the latter don’t just reflect all the information about the present value of future dividends -- as suggested by the efficient-markets hypothesis.</p>\n<p>“As a discretionary asset manager I see high prices and high valuation as indicative of lower future returns and therefore I’ll try to find alternatives,” says Green, who used to work at Peter Thiel’s family office. “A cap-weighted index does the exact opposite. They don’t change their cash holdings and paradoxically they allocate more of the marginal capital to the most richly valued companies so it becomes a reinforcing mechanism toward inelasticity.”</p>\n<p>In this line of thinking, it’s not that those distortions can never reverse, just that they are exacerbated by indexing. Another recentpapersuggested that passive flows into the S&amp;P 500 have disproportionately pumped up prices of its largest members, paving the way for smaller companies to eventually outperform.</p>\n<p>Choueifaty, who founded asset management firm TOBAM nearly two decades ago, says that indexes give investors a false sense of security for precisely this reason.</p>\n<p>“The market-cap weighted benchmark always allocates to what is already fashionable and already expensive,” he says. “Whenever you’re passive, you’re extremely far away from being neutral.”</p>\n<p>Firms pitch market-cap weighted index funds to investors as a way to diversify away risks. The pitch goes that if you’re invested in 500 stocks, a couple of duds won’t hurt you. But to Choueifaty, seemingly neutral index funds are in reality crawling with harmful biases and distortions.</p>\n<p>Take the S&amp;P 500. The top five members, all technology names, are weighted as heavily as the bottom 350 companies. Sectors become dominant precisely when they’re at their most expensive. For long-term investors, that’s a disaster, Choueifaty says.</p>\n<p><img src=\"https://static.tigerbbs.com/409d8dea85e1ca5021fb49fd61579570\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>If you accept the premise that the trillions flooding benchmarks must be having some impact on market plumbing, it becomes easier to draw a line to distortions all over markets in 2021. Think meme-stockmadness, stock volatility through the pandemic and tech giants trading at hundreds of times earnings.</p>\n<p>Yet that risks simplifying complex and interlocking forces behind modern markets. That’s why Fraser Jenkins now says that even though indexing has likely made stocks increasingly move as one, the threat to capitalism&nbsp;he flagged in 2016is still not imminent.</p>\n<p>“Back then, I was wondering if there’s a limit that was imposed by a breakdown in the efficient allocation of capital or from correlations jumping and going too high,” he says. “I think any limit from those sources is just far, far off.”</p>\n<p>That said, a stress test for the benchmarking era may be coming if higher inflation undermines&nbsp;balanced portfolios, according to the Bernstein quant.</p>\n<p>“If the risk for things like 60/40 goes up because equities and bonds don’t diversify the same way, then that’s a limit to passive investing and demands an active response,” he says.</p>\n<p>So does that mean the portion of total assets held by passive would slow in this doomsday scenario? Unlikely.</p>\n<p>“It just goes up,” Fraser Jenkins says.</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>Wall Street Rebels Warn of ‘Disastrous’ $11 Trillion Index Boom</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 Rebels Warn of ‘Disastrous’ $11 Trillion Index Boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 22:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-02/wall-street-rebels-warn-of-disastrous-11-trillion-index-boom?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fifty years since first fund, critics fear passive is too big\nWorries include ownership, price discovery and volatility\n\nTo critics of the $11 trillion passive boom, active management is the original ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-02/wall-street-rebels-warn-of-disastrous-11-trillion-index-boom?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-02/wall-street-rebels-warn-of-disastrous-11-trillion-index-boom?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175147780","content_text":"Fifty years since first fund, critics fear passive is too big\nWorries include ownership, price discovery and volatility\n\nTo critics of the $11 trillion passive boom, active management is the original form of ethical investing -- and time is running out to save it from the indexing onslaught.\n“On a societal basis, it’s potentially disastrous,” says Michael Green, chief strategist at Simplify Asset Management, referring to the passive frenzy. “There’s an impending crisis that requires people to make changes.”\nFifty years since the first fund was created to mimic the moves of an entire market, naysayers fear the industry is now so big it threatens the capitalist social order.\n\nYes, it lowered costs, brought investing to the masses and improved returns for many. But the dark side according to the critics: It’s funneling money to undeserving businesses, distorting price discovery and intensifying volatility.\n“Markets are ultimately not about funding someone else’s retirement but instead about allocating capital efficiently within an economy and creating the signals that encourage investment in the better companies,” says Green.\nHis fears over the demise of stock picking are shared by a vocal contingent in full knowledge they’re likely fighting a losing battle.\nInigo Fraser Jenkins, head of global quantitative strategy at Sanford C. Bernstein, once declared passive investing to be worse than Marxism. Michael Burry of “The Big Short” fame tweeted that “passive investing’s IQ drain” is fueling a stock bubble. Yves Choueifaty, a Frenchman known for his $10 billion “anti-benchmark” strategies, once called it “completely toxic.”\nYet investors are pouring billions into index-trackers for good reason: Evidence keeps showing that most active managers fail to beat their benchmarks after fees, while those who do struggle to maintain that performance.\nCue three lines of critique over the unintended consequences, mostly leveled at the predominant form of indexing which weights gauges based on a company’s market capitalization.\nFirst, it creates economies of scale that concentrate equity ownership in a handful of passive giants like BlackRock Inc. and Vanguard Group. (One academic estimate suggests the three biggest money managers could cast as much as 40% of the votes in S&P 500 stocks within two decades.) Second, it will ultimately be bad for investors when the largest stocks start to underperform. And third, it’s distorting share prices.\nThat last point is a hotly debated issue. One point Green likes to make is passive has made markets more volatile. In apaperlast year, academics Xavier Gabaix and Ralph Koijen argued that the dominance of price-insensitive shareholders -- which tend to include index funds -- means that $1 of inflows can lead to $5 more in aggregate market value.\nTo the likes of Green, that’s why stocks are posting massive moves more often in recent years between bouts of eerie calm, a phenomenon documented by strategists at Bank of America Corp. and Societe Generale SA.\nAnother implication is that if flows are moving prices, the latter don’t just reflect all the information about the present value of future dividends -- as suggested by the efficient-markets hypothesis.\n“As a discretionary asset manager I see high prices and high valuation as indicative of lower future returns and therefore I’ll try to find alternatives,” says Green, who used to work at Peter Thiel’s family office. “A cap-weighted index does the exact opposite. They don’t change their cash holdings and paradoxically they allocate more of the marginal capital to the most richly valued companies so it becomes a reinforcing mechanism toward inelasticity.”\nIn this line of thinking, it’s not that those distortions can never reverse, just that they are exacerbated by indexing. Another recentpapersuggested that passive flows into the S&P 500 have disproportionately pumped up prices of its largest members, paving the way for smaller companies to eventually outperform.\nChoueifaty, who founded asset management firm TOBAM nearly two decades ago, says that indexes give investors a false sense of security for precisely this reason.\n“The market-cap weighted benchmark always allocates to what is already fashionable and already expensive,” he says. “Whenever you’re passive, you’re extremely far away from being neutral.”\nFirms pitch market-cap weighted index funds to investors as a way to diversify away risks. The pitch goes that if you’re invested in 500 stocks, a couple of duds won’t hurt you. But to Choueifaty, seemingly neutral index funds are in reality crawling with harmful biases and distortions.\nTake the S&P 500. The top five members, all technology names, are weighted as heavily as the bottom 350 companies. Sectors become dominant precisely when they’re at their most expensive. For long-term investors, that’s a disaster, Choueifaty says.\n\nIf you accept the premise that the trillions flooding benchmarks must be having some impact on market plumbing, it becomes easier to draw a line to distortions all over markets in 2021. Think meme-stockmadness, stock volatility through the pandemic and tech giants trading at hundreds of times earnings.\nYet that risks simplifying complex and interlocking forces behind modern markets. That’s why Fraser Jenkins now says that even though indexing has likely made stocks increasingly move as one, the threat to capitalism he flagged in 2016is still not imminent.\n“Back then, I was wondering if there’s a limit that was imposed by a breakdown in the efficient allocation of capital or from correlations jumping and going too high,” he says. “I think any limit from those sources is just far, far off.”\nThat said, a stress test for the benchmarking era may be coming if higher inflation undermines balanced portfolios, according to the Bernstein quant.\n“If the risk for things like 60/40 goes up because equities and bonds don’t diversify the same way, then that’s a limit to passive investing and demands an active response,” he says.\nSo does that mean the portion of total assets held by passive would slow in this doomsday scenario? Unlikely.\n“It just goes up,” Fraser Jenkins says.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152192333,"gmtCreate":1625274450822,"gmtModify":1631894013312,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Bravo&nbsp;","listText":"Bravo&nbsp;","text":"Bravo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152192333","repostId":"2148803897","repostType":4,"repost":{"id":"2148803897","kind":"highlight","pubTimestamp":1625236211,"share":"https://www.laohu8.com/m/news/2148803897?lang=&edition=full","pubTime":"2021-07-02 22:30","market":"us","language":"en","title":"Apple Could Become Google's Biggest Cloud Customer","url":"https://stock-news.laohu8.com/highlight/detail?id=2148803897","media":"Motley Fool","summary":"Apple could increase its spending on Google Cloud by 50% this year.","content":"<p><b>Apple</b> (NASDAQ:AAPL) and <b>Alphabet</b>'s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google compete against each other in mobile operating systems, smartphones, smart speakers, streaming media services, digital payments, and other growing markets. However, Apple is also <a href=\"https://laohu8.com/S/AONE\">one</a> of Google's top customers.</p>\n<p>Five years ago, Apple signed a deal with Google Cloud to host some of its iCloud services. The details weren't disclosed, but it was considered a loss for <b>Amazon</b> (NASDAQ:AMZN) Web Services (AWS) and <b>Microsoft</b>'s (NASDAQ:MSFT) Azure, which previously hosted most of Apple's iCloud services.</p>\n<p>Many people wondered if the deal would last. However, digital media newssite <i>The Information </i>recently claimed Apple would boost its spending on Google Cloud by 50% this year and become Google's largest enterprise cloud storage customer. Let's see what this expanded deal could mean for both tech giants.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc0db7aae99872ee508b75351882fff1\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Why doesn't Apple build its own cloud platform?</h2>\n<p>Back in 2016, a <i>Re/code</i> report claimed Apple was mulling the development of its own cloud infrastructure platform and estimated it could break even on its own data centers in \"about three years.\"</p>\n<p>That cloud independence would eliminate Apple's dependence on Amazon, Microsoft, and Google, which all compete against Apple in certain markets. It could also support its expansion into next-gen industries, including connected cars, augmented reality devices, and smart home appliances.</p>\n<p>However, Apple also has tremendous bargaining power in securing favorable contracts with the big three cloud platforms. Just as it splits its component orders and manufacturing contracts between different companies, Apple can shop around for the best cloud hosting deals.</p>\n<p>Apple also charges users fees for additional iCloud storage. So as long as that incoming revenue offsets its cloud hosting payments to Google Cloud, AWS, and Azure, it might be more economical to maintain the status quo instead of building a first-party cloud infrastructure platform.</p>\n<p><i>The Information</i> claims Apple will spend about $300 million on Google's cloud storage services this year -- but that would only equal 0.08% of Apple's estimated revenue this year.</p>\n<h2>Will higher spending from Apple actually help Google?</h2>\n<p>Google Cloud's revenue rose 53% to $8.9 billion in 2019 and grew 46% to $13.1 billion -- or 7% of Alphabet's top line -- in 2020. That robust growth was supported by a growing list of customers, including <b>Target</b>, <b>Home Depot</b>, <b>P&amp;G</b>, <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b>, and<b> <a href=\"https://laohu8.com/S/TWTR\">Twitter</a></b>.</p>\n<p>Many retailers didn't want to feed Amazon's most profitable business unit, while some tech companies didn't want to tether themselves to Microsoft's sprawling software ecosystem. For those enterprise customers, Google Cloud seemed to be an attractive alternative.</p>\n<p>However, Google Cloud controlled just 7% of the global cloud infrastructure market in the first quarter of 2021, according to Canalys. AWS controlled 32% of the market, while Azure ranked second with a 19% share.</p>\n<p>Google Cloud also isn't profitable yet. Its operating loss widened from $4.3 billion in 2018 to $4.6 billion in 2019, then widened again to $5.6 billion in 2020. AWS is consistently profitable, while Microsoft doesn't disclose Azure's exact revenue or operating profits.</p>\n<p>These numbers suggest Apple would likely secure the cheapest cloud hosting rates from Google, which needs to gain more partnerships to keep pace with AWS and Azure. That might be great news for Apple, but bad news for Google Cloud's operating profits.</p>\n<h2>The key takeaways</h2>\n<p><i>The Information</i> claims Apple's increased cloud spending could make it Google Cloud's \"largest\" corporate client, but $300 million only equals 2% of Google's total cloud revenue last year. Apple is still likely hosting a lot of its iCloud services on AWS and Azure, so the report doesn't necessarily mean Google Cloud will become Apple's preferred cloud provider.</p>\n<p>Instead, this report indicates it's smarter for Apple to pit the three cloud platform kings against each other to gain favorable hosting prices than it is to build its own cloud infrastructure. It also suggests that Google Cloud -- which likely has significantly less pricing power than AWS and Azure -- could remain unprofitable for the foreseeable future.</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>Apple Could Become Google's Biggest Cloud Customer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Could Become Google's Biggest Cloud Customer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/02/apple-could-become-google-biggest-cloud-customer/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple (NASDAQ:AAPL) and Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google compete against each other in mobile operating systems, smartphones, smart speakers, streaming media services, digital payments, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/02/apple-could-become-google-biggest-cloud-customer/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","AAPL":"苹果"},"source_url":"https://www.fool.com/investing/2021/07/02/apple-could-become-google-biggest-cloud-customer/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2148803897","content_text":"Apple (NASDAQ:AAPL) and Alphabet's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google compete against each other in mobile operating systems, smartphones, smart speakers, streaming media services, digital payments, and other growing markets. However, Apple is also one of Google's top customers.\nFive years ago, Apple signed a deal with Google Cloud to host some of its iCloud services. The details weren't disclosed, but it was considered a loss for Amazon (NASDAQ:AMZN) Web Services (AWS) and Microsoft's (NASDAQ:MSFT) Azure, which previously hosted most of Apple's iCloud services.\nMany people wondered if the deal would last. However, digital media newssite The Information recently claimed Apple would boost its spending on Google Cloud by 50% this year and become Google's largest enterprise cloud storage customer. Let's see what this expanded deal could mean for both tech giants.\nImage source: Getty Images.\nWhy doesn't Apple build its own cloud platform?\nBack in 2016, a Re/code report claimed Apple was mulling the development of its own cloud infrastructure platform and estimated it could break even on its own data centers in \"about three years.\"\nThat cloud independence would eliminate Apple's dependence on Amazon, Microsoft, and Google, which all compete against Apple in certain markets. It could also support its expansion into next-gen industries, including connected cars, augmented reality devices, and smart home appliances.\nHowever, Apple also has tremendous bargaining power in securing favorable contracts with the big three cloud platforms. Just as it splits its component orders and manufacturing contracts between different companies, Apple can shop around for the best cloud hosting deals.\nApple also charges users fees for additional iCloud storage. So as long as that incoming revenue offsets its cloud hosting payments to Google Cloud, AWS, and Azure, it might be more economical to maintain the status quo instead of building a first-party cloud infrastructure platform.\nThe Information claims Apple will spend about $300 million on Google's cloud storage services this year -- but that would only equal 0.08% of Apple's estimated revenue this year.\nWill higher spending from Apple actually help Google?\nGoogle Cloud's revenue rose 53% to $8.9 billion in 2019 and grew 46% to $13.1 billion -- or 7% of Alphabet's top line -- in 2020. That robust growth was supported by a growing list of customers, including Target, Home Depot, P&G, PayPal, and Twitter.\nMany retailers didn't want to feed Amazon's most profitable business unit, while some tech companies didn't want to tether themselves to Microsoft's sprawling software ecosystem. For those enterprise customers, Google Cloud seemed to be an attractive alternative.\nHowever, Google Cloud controlled just 7% of the global cloud infrastructure market in the first quarter of 2021, according to Canalys. AWS controlled 32% of the market, while Azure ranked second with a 19% share.\nGoogle Cloud also isn't profitable yet. Its operating loss widened from $4.3 billion in 2018 to $4.6 billion in 2019, then widened again to $5.6 billion in 2020. AWS is consistently profitable, while Microsoft doesn't disclose Azure's exact revenue or operating profits.\nThese numbers suggest Apple would likely secure the cheapest cloud hosting rates from Google, which needs to gain more partnerships to keep pace with AWS and Azure. That might be great news for Apple, but bad news for Google Cloud's operating profits.\nThe key takeaways\nThe Information claims Apple's increased cloud spending could make it Google Cloud's \"largest\" corporate client, but $300 million only equals 2% of Google's total cloud revenue last year. Apple is still likely hosting a lot of its iCloud services on AWS and Azure, so the report doesn't necessarily mean Google Cloud will become Apple's preferred cloud provider.\nInstead, this report indicates it's smarter for Apple to pit the three cloud platform kings against each other to gain favorable hosting prices than it is to build its own cloud infrastructure. It also suggests that Google Cloud -- which likely has significantly less pricing power than AWS and Azure -- could remain unprofitable for the foreseeable future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156859677,"gmtCreate":1625213294699,"gmtModify":1631894016233,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Excellent!","listText":"Excellent!","text":"Excellent!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/156859677","repostId":"2148041829","repostType":4,"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158912398,"gmtCreate":1625121498714,"gmtModify":1631894016236,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/158912398","repostId":"2148942845","repostType":4,"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153250110,"gmtCreate":1625029068330,"gmtModify":1631894016235,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Excellent&nbsp;","listText":"Excellent&nbsp;","text":"Excellent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153250110","repostId":"1122418477","repostType":4,"repost":{"id":"1122418477","kind":"news","pubTimestamp":1625008161,"share":"https://www.laohu8.com/m/news/1122418477?lang=&edition=full","pubTime":"2021-06-30 07:09","market":"us","language":"en","title":"Tech stocks propel S&P 500, Nasdaq to fresh highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1122418477","media":"CNBC","summary":"The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.The broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added ab","content":"<div>\n<p>The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stocks propel S&P 500, Nasdaq to fresh highs</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\">\nTech stocks propel S&P 500, Nasdaq to fresh highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SWKS":"思佳讯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","AMD":"美国超微公司",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1122418477","content_text":"The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added about 0.2% for its own record of 14,528.33.\nHomebuilder stocks moved higher after S&P Case-Shiller saidhome prices rose more than 14% in Aprilcompared to the prior year. Five U.S. cities, including Seattle, saw their largest annual increase on record. Shares of PulteGroup rose 2%.\nSemiconductor stocks gained strength later in the session, with Skyworks and Advanced Micro Devices climbing 4.5% and 2.8%, respectively. General Electric boosted the industrials sector, rising over 1% afterGoldman Sachs named the stock a top idea.\nThe market has churned out a series of record highs in recent weeks, but the gains have been relatively modest and some strategists have pointed to weak market breadth, measured by the performance of the average stock and the number of individual names making new highs, as a potential area of concern.\nOn Tuesday, there were slightly more declining stocks in the S&P 500 than those that rose during the session.\nHowever, the diminished breadth and volatility could simply be a natural pause during the summer months ahead of the busy earnings season in July, said Bill McMahon, the chief investment officer for active equity strategies at Charles Schwab Investment Management.\n\"I think people are in a little bit of a wait-and-see mode, so it's not surprising to see volatility decline and breadth worsen a tad,\" McMahon said, adding that concern about the spreading Delta variant of Covid-19 could also be weighing on stocks.\nShares of Morgan Stanley jumped more than 3% after the bank said it willdouble its quarterly dividend. The bank also announced a $12 billion stock buyback program. The announcement follows last week's stress tests by the Federal Reserve, which all 23 major banks passed. However, some other bank stocks gave up early gains and weighed on the broader indexes despite increasing their own payout plans.\nThe Conference Board's consumer confidence reading for June came in higher than expected, adding to the bullish readings about the economic recovery.\nWith the market entering the final trading days of June and the second quarter, the S&P 500 is on track to register its fifth straight month of gains. The Nasdaq is pacing for its seventh positive month in the last eight. The Dow, however, is in the red for the month, and on track to snap a four-month winning streak.\nSo far in 2021, the S&P 500 has added 14%, while the Nasdaq has added more than 12% with the Dow close behind.\nJPMorgan quantitative strategist Dubravkos Lakos-Bujas said on CNBC's \"Squawk Box\" that the market appeared to have near-term upside.\n\"The growth policy backdrop in our opinion still remains supportive for risk assets in general, certainly including equities. At the same time, the positioning is not really stretched to where we are in a problematic territory. So we do think there is still a runway. ... The summer period, the next two months, is where I think the market continues to break out,\" the strategist said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159956121,"gmtCreate":1624937832763,"gmtModify":1631894016233,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Like [Smile]&nbsp;","listText":"Like [Smile]&nbsp;","text":"Like [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159956121","repostId":"2147837316","repostType":4,"repost":{"id":"2147837316","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624921533,"share":"https://www.laohu8.com/m/news/2147837316?lang=&edition=full","pubTime":"2021-06-29 07:05","market":"us","language":"en","title":"Tech stock rally sends S&P and Nasdaq to record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2147837316","media":"Reuters","summary":" - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.The S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.In contrast, cycl","content":"<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</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>Tech stock rally sends S&P and Nasdaq to record highs</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\">\nTech stock rally sends S&P and Nasdaq to record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-29 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WBA":"沃尔格林联合博姿","NFLX":"奈飞","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","MU":"美光科技",".SPX":"S&P 500 Index","TQQQ":"纳指三倍做多ETF",".DJI":"道琼斯","NVDA":"英伟达","QID":"纳指两倍做空ETF","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","TWTR":"Twitter","NDAQ":"纳斯达克OMX交易所","QQQ":"纳指100ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147837316","content_text":"(Reuters) - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.\nBig tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.\nThe S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.\nIn contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&P 500, down by 0.81% and 3.33%, respectively.\n“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.\nStovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&P 500 companies is expected to top 60%.\nThe Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.\nBoth the S&P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.\n“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.\nFacebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.\nOn the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.\nWith the S&P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.\nOn the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.\nThe S&P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.\nVolume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159966470,"gmtCreate":1624936651990,"gmtModify":1631894016237,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159966470","repostId":"2146831625","repostType":4,"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159966387,"gmtCreate":1624936614849,"gmtModify":1631894013330,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159966387","repostId":"1195734655","repostType":4,"repost":{"id":"1195734655","kind":"news","pubTimestamp":1624932851,"share":"https://www.laohu8.com/m/news/1195734655?lang=&edition=full","pubTime":"2021-06-29 10:14","market":"us","language":"en","title":"NIO Will Surpass Tesla as China's Top EV Maker, Navellier Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1195734655","media":"thestreet","summary":"NIO (NIO) -Get Report shares rose Monday after Louis Navellier, chief investment officer of money ma","content":"<p>NIO&nbsp;(<b>NIO</b>) -Get Report&nbsp;shares rose Monday after Louis Navellier, chief investment officer of money manager Navellier, said the Chinese electric-car maker will surpass Tesla&nbsp;(<b>TSLA</b>) -Get Report&nbsp;in China.</p>\n<p>“Another electric vehicle company will eventually displace Tesla as the biggest manufacturer of EVs in China,” he wrote in a commentary.</p>\n<p>“I’m talking about NIO. The reality is that this company is on the verge of dominating the EV market in China and Hong Kong.”</p>\n<p>NIO American depositary receipts recently traded at $49.23, up 9.2%. They have climbed 27% in the past month amid investor enthusiasm for EVs.</p>\n<p>Tesla recently traded at $687.47, up 2.3%, and has gained 9% in the past month.</p>\n<p>As for NIO, “the company boasts that it is the ‘next-generation car company,’ as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence,” Navellier said.</p>\n<p>“The company is also partnering with cutting-edge chip companies like Nvidia&nbsp;(<b>NVDA</b>) -Get Report.”</p>\n<p>Earlier this month,NIO said that \"Gemini\" was the code namefor a new high-end electric-vehicle lineup to be launched next year. The move buried speculation that the Shanghai EV maker was looking to release a less-expensive mass-entry-level electric car.</p>\n<p>NIO supplier JAC Group last month invited bids to build a NIO production line code-named “Gemini” that would produce 60,000 units a year. That sparked speculation that it would be a new entry-level NIO model.</p>\n<p>Also in June,NIO reported a more than 95% year-over-year increasein deliveries for May. Citi analyst Jeff Chung upgraded the stock to buy from neutral while raising his price target to $58.30 from $57.60.</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>NIO Will Surpass Tesla as China's Top EV Maker, Navellier Says</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\">\nNIO Will Surpass Tesla as China's Top EV Maker, Navellier Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/nio-to-surpass-tesla-in-china-electric-vehicles-navellier-says><strong>thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO (NIO) -Get Report shares rose Monday after Louis Navellier, chief investment officer of money manager Navellier, said the Chinese electric-car maker will surpass Tesla (TSLA) -Get Report in China....</p>\n\n<a href=\"https://www.thestreet.com/investing/nio-to-surpass-tesla-in-china-electric-vehicles-navellier-says\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://www.thestreet.com/investing/nio-to-surpass-tesla-in-china-electric-vehicles-navellier-says","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195734655","content_text":"NIO (NIO) -Get Report shares rose Monday after Louis Navellier, chief investment officer of money manager Navellier, said the Chinese electric-car maker will surpass Tesla (TSLA) -Get Report in China.\n“Another electric vehicle company will eventually displace Tesla as the biggest manufacturer of EVs in China,” he wrote in a commentary.\n“I’m talking about NIO. The reality is that this company is on the verge of dominating the EV market in China and Hong Kong.”\nNIO American depositary receipts recently traded at $49.23, up 9.2%. They have climbed 27% in the past month amid investor enthusiasm for EVs.\nTesla recently traded at $687.47, up 2.3%, and has gained 9% in the past month.\nAs for NIO, “the company boasts that it is the ‘next-generation car company,’ as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence,” Navellier said.\n“The company is also partnering with cutting-edge chip companies like Nvidia (NVDA) -Get Report.”\nEarlier this month,NIO said that \"Gemini\" was the code namefor a new high-end electric-vehicle lineup to be launched next year. The move buried speculation that the Shanghai EV maker was looking to release a less-expensive mass-entry-level electric car.\nNIO supplier JAC Group last month invited bids to build a NIO production line code-named “Gemini” that would produce 60,000 units a year. That sparked speculation that it would be a new entry-level NIO model.\nAlso in June,NIO reported a more than 95% year-over-year increasein deliveries for May. Citi analyst Jeff Chung upgraded the stock to buy from neutral while raising his price target to $58.30 from $57.60.","news_type":1},"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":155827350,"gmtCreate":1625403638870,"gmtModify":1631894016227,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/155827350","repostId":"1109375790","repostType":4,"repost":{"id":"1109375790","kind":"news","pubTimestamp":1625370494,"share":"https://www.laohu8.com/m/news/1109375790?lang=&edition=full","pubTime":"2021-07-04 11:48","market":"us","language":"en","title":"Why high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%","url":"https://stock-news.laohu8.com/highlight/detail?id=1109375790","media":"MarketWatch","summary":"More predictable businesses tend to be more profitable stock investments.Trust is one of the most valuable assets a company can cultivate.  Within an organization, trust percolates into culture. Outside an organization, it translates into loyalty.  Quality shareholders  who value long-term trust among all stakeholders — employees, customers and shareholders — maintain this viewpoint in their investment practice.TheTrust Across America initiative has identified the most trustworthy U.S. public co","content":"<blockquote>\n <b>More predictable businesses tend to be more profitable stock investments.</b>\n</blockquote>\n<p>Trust is one of the most valuable assets a company can cultivate.&nbsp; Within an organization, trust percolates into culture.&nbsp;Outside an organization, it translates into loyalty.&nbsp; Quality shareholders (QS) who value long-term trust among all stakeholders — employees, customers and shareholders —&nbsp;maintain this&nbsp;viewpoint in their investment practice.</p>\n<p>TheTrust Across America(TAA) initiative has identified the most&nbsp;trustworthy&nbsp;U.S. public&nbsp;companies using objective&nbsp;and quantitative&nbsp;indicators including accounting&nbsp;conservativeness&nbsp;and financial stability, as well as a secondary screen of more subjective criteria such as employee reviews and news reports.</p>\n<p>Companies regarded as trustworthy also tend to rate highly in rankings of shareholder quality produced by the&nbsp;Quality Shareholders Initiative&nbsp;(QSI), which I run, as well as the proprietary database of&nbsp;EQX, which I use to cross-check the QSI data.</p>\n<p>TAA’s assessment of the S&amp;P 500SPX,+0.75%in 2020 identified 51 companies, of which 49&nbsp;are also included in the QSI rankings. Comparing the two, more than one-fourth of the top TAA companies are in the top decile of the QSI; two-thirds are in the top quarter, and all but two (92%) are in the top half.</p>\n<p>Notably, both the TAA top 10 and the QSI Top 25 outperformed the S&amp;P 500 by 30% and 50%, respectively, in recent five-year periods. Here’s a sampling of companies scoring high on both trust and quality:</p>\n<p>Texas InstrumentsTXN,+0.72%makes most of its revenue selling computer chips and is among the world’s largest manufacturers of semiconductors. Founded by a group of electrical engineers in 1951, the company boasts a culture of intelligent innovation. Its business is protected by four protective “moats” including: manufacturing and technology skill thanks to its employees; a broad portfolio of processing chips to meet a wide range of customer needs; the reach of its market channels thanks to both, and its diversity and longevity.</p>\n<p>For investors, this adds up to a winning recipe, particularly when combined with Texas Instruments’s capital management strategy, which is to maximize the company’s long-term growth in free cash-flow per share and to&nbsp;allocate such capital in accordance with the QS playbook&nbsp;that prioritizes wise reinvestment, disciplined acquisitions, low-priced share buybacks and shareholder dividends. Some of the company’s notable QSs include: Alliance Bernstein, Bessemer Group, Capital World Investors, State Farm Mutual, and T. Rowe Price Group.</p>\n<p>Another stock on this list, EcolabECL,+0.77%,is a global leader in water treatment. Founded in 1923 as the Economics Laboratory, its long-term outlook shows in the longevity of senior leadership: the company has had just seven CEOs in almost 100 years of existence.</p>\n<p>Those CEOs inculcated a culture of customer care, a relentless focus on helping customers solve problems and meet goals. A learning organization, such a performance culture permeates the business from production to sales, as employees commit to the long-term goal of being indispensable to customers. Management rewards that employee conviction with long-term incentives and a high degree of autonomy.&nbsp;Ecolab’s QSs include: Cantillon Capital, Clearbridge Investments, Franklin Resources, and the Gates Foundation.</p>\n<p>Finally, consider Ball CorporationBLL,-0.68%,the world’s largest manufacturer of recyclable containers.&nbsp; Founded in the late 1800s by two brother-entrepreneurs who foresaw that the Mason jar patent was about to expire and built a glassblowing facility to manufacture such jars.</p>\n<p>Ball remains characterized by a culture of family, innovation and natural-resources conscientiousness. For instance, Ball foresaw the ecological and commercial need to pivot away from PET and glass containers, both costly to recycle and posing environmental damage, and towards eco-friendly and profitable aluminum. The company adopts economic value added (EVA) to assure every dollar is well-spent, long-term employee incentive compensation to reward long-term sustainable growth, and a spirit of entrepreneurial freedom. QSs include: Chilton Investment Co.; T. Rowe Price; Wellington&nbsp;Management Group and&nbsp;Winslow Capital Management.</p>\n<p>While some investors focus solely on the bottom line and others only on signals of corporate virtue, QSs are holistic, considering the inherent relationship between trust and long-term value. Nebulous as the notion of trust in corporate culture might seem, it’s a profitable as well as ethical value to probe.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy high-quality, trustworthy companies have beaten the S&P 500 by 30%-50%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-04 11:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-high-quality-trustworthy-companies-have-beaten-the-s-p-500-by-30-50-11625020379?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More predictable businesses tend to be more profitable stock investments.\n\nTrust is one of the most valuable assets a company can cultivate.  Within an organization, trust percolates into culture. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-high-quality-trustworthy-companies-have-beaten-the-s-p-500-by-30-50-11625020379?mod=mw_latestnews\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/why-high-quality-trustworthy-companies-have-beaten-the-s-p-500-by-30-50-11625020379?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109375790","content_text":"More predictable businesses tend to be more profitable stock investments.\n\nTrust is one of the most valuable assets a company can cultivate.  Within an organization, trust percolates into culture. Outside an organization, it translates into loyalty.  Quality shareholders (QS) who value long-term trust among all stakeholders — employees, customers and shareholders — maintain this viewpoint in their investment practice.\nTheTrust Across America(TAA) initiative has identified the most trustworthy U.S. public companies using objective and quantitative indicators including accounting conservativeness and financial stability, as well as a secondary screen of more subjective criteria such as employee reviews and news reports.\nCompanies regarded as trustworthy also tend to rate highly in rankings of shareholder quality produced by the Quality Shareholders Initiative (QSI), which I run, as well as the proprietary database of EQX, which I use to cross-check the QSI data.\nTAA’s assessment of the S&P 500SPX,+0.75%in 2020 identified 51 companies, of which 49 are also included in the QSI rankings. Comparing the two, more than one-fourth of the top TAA companies are in the top decile of the QSI; two-thirds are in the top quarter, and all but two (92%) are in the top half.\nNotably, both the TAA top 10 and the QSI Top 25 outperformed the S&P 500 by 30% and 50%, respectively, in recent five-year periods. Here’s a sampling of companies scoring high on both trust and quality:\nTexas InstrumentsTXN,+0.72%makes most of its revenue selling computer chips and is among the world’s largest manufacturers of semiconductors. Founded by a group of electrical engineers in 1951, the company boasts a culture of intelligent innovation. Its business is protected by four protective “moats” including: manufacturing and technology skill thanks to its employees; a broad portfolio of processing chips to meet a wide range of customer needs; the reach of its market channels thanks to both, and its diversity and longevity.\nFor investors, this adds up to a winning recipe, particularly when combined with Texas Instruments’s capital management strategy, which is to maximize the company’s long-term growth in free cash-flow per share and to allocate such capital in accordance with the QS playbook that prioritizes wise reinvestment, disciplined acquisitions, low-priced share buybacks and shareholder dividends. Some of the company’s notable QSs include: Alliance Bernstein, Bessemer Group, Capital World Investors, State Farm Mutual, and T. Rowe Price Group.\nAnother stock on this list, EcolabECL,+0.77%,is a global leader in water treatment. Founded in 1923 as the Economics Laboratory, its long-term outlook shows in the longevity of senior leadership: the company has had just seven CEOs in almost 100 years of existence.\nThose CEOs inculcated a culture of customer care, a relentless focus on helping customers solve problems and meet goals. A learning organization, such a performance culture permeates the business from production to sales, as employees commit to the long-term goal of being indispensable to customers. Management rewards that employee conviction with long-term incentives and a high degree of autonomy. Ecolab’s QSs include: Cantillon Capital, Clearbridge Investments, Franklin Resources, and the Gates Foundation.\nFinally, consider Ball CorporationBLL,-0.68%,the world’s largest manufacturer of recyclable containers.  Founded in the late 1800s by two brother-entrepreneurs who foresaw that the Mason jar patent was about to expire and built a glassblowing facility to manufacture such jars.\nBall remains characterized by a culture of family, innovation and natural-resources conscientiousness. For instance, Ball foresaw the ecological and commercial need to pivot away from PET and glass containers, both costly to recycle and posing environmental damage, and towards eco-friendly and profitable aluminum. The company adopts economic value added (EVA) to assure every dollar is well-spent, long-term employee incentive compensation to reward long-term sustainable growth, and a spirit of entrepreneurial freedom. QSs include: Chilton Investment Co.; T. Rowe Price; Wellington Management Group and Winslow Capital Management.\nWhile some investors focus solely on the bottom line and others only on signals of corporate virtue, QSs are holistic, considering the inherent relationship between trust and long-term value. Nebulous as the notion of trust in corporate culture might seem, it’s a profitable as well as ethical value to probe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173409398,"gmtCreate":1626675824614,"gmtModify":1631891719262,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/173409398","repostId":"1111084715","repostType":4,"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155575728,"gmtCreate":1625447204064,"gmtModify":1631891719278,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Di","listText":"Di","text":"Di","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155575728","repostId":"1169840279","repostType":4,"isVote":1,"tweetType":1,"viewCount":400,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147862505,"gmtCreate":1626351028107,"gmtModify":1631891719263,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/147862505","repostId":"1129377182","repostType":4,"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144339385,"gmtCreate":1626266828847,"gmtModify":1631891719264,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/144339385","repostId":"1134311698","repostType":4,"repost":{"id":"1134311698","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":1626265650,"share":"https://www.laohu8.com/m/news/1134311698?lang=&edition=full","pubTime":"2021-07-14 20:27","market":"us","language":"en","title":"PNC Loans, Deposits Grow With Acquisition","url":"https://stock-news.laohu8.com/highlight/detail?id=1134311698","media":"Tiger Newspress","summary":"PNC Financial Services Group Inc. logged better-than-expected income results in the latest quarter, ","content":"<p>PNC Financial Services Group Inc. logged better-than-expected income results in the latest quarter, as deposits and loans grew with the closure of the bank's acquisition of BBVA USA.</p>\n<p>The Pittsburgh-based bank posted diluted earnings from continuing operations of $2.43 a share, compared with a diluted loss from continuing operations of $1.90 a share in the same three-month period a year earlier. Net income attributable to common shareholders was $1.04 billion, compared with $3.59 billion in 2020's second quarter.</p>\n<p>Analysts polled by FactSet were expecting earnings of $1.09 a share.</p>\n<p>Net interest income rose to $2.58 billion, from $2.53 billion a year earlier. Non-interest income was $2.09 billion, up from $1.55 billion 12 months ago.</p>\n<p>Analysts had forecast net interest income of $2.56 billion and non-interest income of $1.87 billion.</p>\n<p>PNC provisioned $302 million for credit losses in the latest quarter. PNC's legacy provision recapture of $704 million was more than offset by an initial provision of $1 billion related to the bank's acquisition of BBVA. In last year's second quarter, the bank had provisioned $2.46 billion amid the worsening coronavirus pandemic and its effects on the economy.</p>\n<p>Loans grew to $294.7 billion, after finishing the first quarter at $237 billion. Deposits grew to $452.9 billion, from $375.1 billion at the end of the first quarter. The allowance for credit losses stood at 2.16% of total loans.</p>\n<p>PNC's net interest margin was 2.29%, down from 2.52% a year earlier</p>\n<p>PNC&nbsp;shares&nbsp;fell&nbsp;1.79%&nbsp;in&nbsp;premarket.</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>PNC Loans, Deposits Grow With Acquisition</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\">\nPNC Loans, Deposits Grow With Acquisition\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\">2021-07-14 20:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PNC Financial Services Group Inc. logged better-than-expected income results in the latest quarter, as deposits and loans grew with the closure of the bank's acquisition of BBVA USA.</p>\n<p>The Pittsburgh-based bank posted diluted earnings from continuing operations of $2.43 a share, compared with a diluted loss from continuing operations of $1.90 a share in the same three-month period a year earlier. Net income attributable to common shareholders was $1.04 billion, compared with $3.59 billion in 2020's second quarter.</p>\n<p>Analysts polled by FactSet were expecting earnings of $1.09 a share.</p>\n<p>Net interest income rose to $2.58 billion, from $2.53 billion a year earlier. Non-interest income was $2.09 billion, up from $1.55 billion 12 months ago.</p>\n<p>Analysts had forecast net interest income of $2.56 billion and non-interest income of $1.87 billion.</p>\n<p>PNC provisioned $302 million for credit losses in the latest quarter. PNC's legacy provision recapture of $704 million was more than offset by an initial provision of $1 billion related to the bank's acquisition of BBVA. In last year's second quarter, the bank had provisioned $2.46 billion amid the worsening coronavirus pandemic and its effects on the economy.</p>\n<p>Loans grew to $294.7 billion, after finishing the first quarter at $237 billion. Deposits grew to $452.9 billion, from $375.1 billion at the end of the first quarter. The allowance for credit losses stood at 2.16% of total loans.</p>\n<p>PNC's net interest margin was 2.29%, down from 2.52% a year earlier</p>\n<p>PNC&nbsp;shares&nbsp;fell&nbsp;1.79%&nbsp;in&nbsp;premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PNC":"PNC金融"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134311698","content_text":"PNC Financial Services Group Inc. logged better-than-expected income results in the latest quarter, as deposits and loans grew with the closure of the bank's acquisition of BBVA USA.\nThe Pittsburgh-based bank posted diluted earnings from continuing operations of $2.43 a share, compared with a diluted loss from continuing operations of $1.90 a share in the same three-month period a year earlier. Net income attributable to common shareholders was $1.04 billion, compared with $3.59 billion in 2020's second quarter.\nAnalysts polled by FactSet were expecting earnings of $1.09 a share.\nNet interest income rose to $2.58 billion, from $2.53 billion a year earlier. Non-interest income was $2.09 billion, up from $1.55 billion 12 months ago.\nAnalysts had forecast net interest income of $2.56 billion and non-interest income of $1.87 billion.\nPNC provisioned $302 million for credit losses in the latest quarter. PNC's legacy provision recapture of $704 million was more than offset by an initial provision of $1 billion related to the bank's acquisition of BBVA. In last year's second quarter, the bank had provisioned $2.46 billion amid the worsening coronavirus pandemic and its effects on the economy.\nLoans grew to $294.7 billion, after finishing the first quarter at $237 billion. Deposits grew to $452.9 billion, from $375.1 billion at the end of the first quarter. The allowance for credit losses stood at 2.16% of total loans.\nPNC's net interest margin was 2.29%, down from 2.52% a year earlier\nPNC shares fell 1.79% in premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140220459,"gmtCreate":1625662744171,"gmtModify":1631891719269,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/140220459","repostId":"2149397835","repostType":4,"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158912398,"gmtCreate":1625121498714,"gmtModify":1631894016236,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/158912398","repostId":"2148942845","repostType":4,"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156859677,"gmtCreate":1625213294699,"gmtModify":1631894016233,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Excellent!","listText":"Excellent!","text":"Excellent!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/156859677","repostId":"2148041829","repostType":4,"repost":{"id":"2148041829","kind":"highlight","pubTimestamp":1625213181,"share":"https://www.laohu8.com/m/news/2148041829?lang=&edition=full","pubTime":"2021-07-02 16:06","market":"us","language":"en","title":"2 Stocks You Can Buy and Hold Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2148041829","media":"Motley Fool","summary":"Here are two companies you can hope to own for the rest of your life.","content":"<p>The merits of long-term investing have been drummed into us time and again, but the reality is that it can be tough to find stocks you're comfortable owning for years. The pandemic has invariably altered the economic landscape and caused a seismic shift for a wide swath of businesses. Business models have had to adapt amid changes in human behavior.</p>\n<p>However, even with the many changes around us, some things still stay the same. Humans still need to eat, drink, sleep and exercise, though we may do so differently over time. The key in investing is to search for businesses that can make it through the changes and still come out strong. Such businesses are usually helmed by strong brands that make them household names even through multiple crises.</p>\n<p>Here are two stocks you can buy and hold for eternity.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dbb5a495ace98e0862506ec2ceb69596\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Nike</h2>\n<p>If there were an award for the strongest sports apparel and footwear brand, it would undoubtedly go to <b>Nike</b> (NYSE:NKE). The $240 billion company has weathered the pandemic well to come out even stronger as its Consumer Direct Acceleration marketing strategy helps it connect effectively with customers.</p>\n<p>The company recently released its fiscal 2021 full-year earnings, and its fourth-quarter revenue nearly doubled year over year to $12.3 billion. Nike also reported a jump in gross margin to 45.8% from 37.3% for the quarter. In addition, the bottom line enjoyed a sharp turnaround, chalking up $1.5 billion in net income compared to the loss incurred in the same period last year due to pandemic-related store closures. What's more, Nike also provided strong guidance through 2025, confident that it can grow revenue at roughly 10% per year while earnings before interest and taxes should see growth in the high teens.</p>\n<p>Nike's CEO John Donahoe attributed the strong performance to Nike's successful digital advantage over its competitors. The company's suite of apps has enabled deeper engagement with its customer base, and membership to its loyalty program has hit more than 300 million. Digital is also responsible for an increasing proportion of total sales, with digital revenue hitting 35% of group revenue more than three years ahead of plan.</p>\n<p>The company's innovative footwear, coupled with endorsements by top athletes, serves to cement its pole position in the sportswear industry. Along with its digital investments, Nike should serve up healthy growth for many more years.</p>\n<h2>Procter and Gamble</h2>\n<p>Let's turn our attention to a company with a portfolio of consumer brands that have been in business since 1837. <b>Procter and Gamble</b> (NYSE:PG) is a $330 billion consumer behemoth with a portfolio of products in beauty, grooming, hair care, baby care, and home care. The company owns instantly recognizable brands such as Pantene, Olay, Gillette, Oral-B, and Pampers and sells its products in more than 180 countries.</p>\n<p>Investors love Procter and Gamble for its slow but steady growth and also its stellar dividend-paying track record. The company recently declared its 65th consecutive year of dividend increases, with the quarterly dividend rising to $0.8698 per share. This impressive run of increases makes the company a perfect income stock for those who seek a steady inflow of cash to tide them over in their retirement years.</p>\n<p>The company has also demonstrated its resilience during the pandemic. For the quarter ended March 31, net sales rose 5% year over year to $18.1 billion while operating income increased by 10%. Net earnings rose by 12% year over year, with Procter and Gamble managing to increase its gross margin from 49.4% to 50.7%. Organic sales growth even jumped in the U.S. from 5% before the pandemic to 13% during the pandemic.</p>\n<p>Procter and Gamble will continue building the business across four key pillars: innovation, brand-building, supply chain management, and digitalization and data analytics. The pandemic has heightened awareness of hygiene and cleanliness, providing the company with increased opportunities to sell through its hygiene products. And with more people telecommuting and studying from home, home and family care products should also see rising demand. An increasing preference for established brands means Procter and Gamble is well-positioned to continue growing its market share and delivering steady results in the years to come.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Stocks You Can Buy and Hold Forever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n2 Stocks You Can Buy and Hold Forever\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 16:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/01/2-stocks-you-can-buy-and-hold-forever/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The merits of long-term investing have been drummed into us time and again, but the reality is that it can be tough to find stocks you're comfortable owning for years. The pandemic has invariably ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/01/2-stocks-you-can-buy-and-hold-forever/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PG":"宝洁","NKE":"耐克"},"source_url":"https://www.fool.com/investing/2021/07/01/2-stocks-you-can-buy-and-hold-forever/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2148041829","content_text":"The merits of long-term investing have been drummed into us time and again, but the reality is that it can be tough to find stocks you're comfortable owning for years. The pandemic has invariably altered the economic landscape and caused a seismic shift for a wide swath of businesses. Business models have had to adapt amid changes in human behavior.\nHowever, even with the many changes around us, some things still stay the same. Humans still need to eat, drink, sleep and exercise, though we may do so differently over time. The key in investing is to search for businesses that can make it through the changes and still come out strong. Such businesses are usually helmed by strong brands that make them household names even through multiple crises.\nHere are two stocks you can buy and hold for eternity.\nImage source: Getty Images.\nNike\nIf there were an award for the strongest sports apparel and footwear brand, it would undoubtedly go to Nike (NYSE:NKE). The $240 billion company has weathered the pandemic well to come out even stronger as its Consumer Direct Acceleration marketing strategy helps it connect effectively with customers.\nThe company recently released its fiscal 2021 full-year earnings, and its fourth-quarter revenue nearly doubled year over year to $12.3 billion. Nike also reported a jump in gross margin to 45.8% from 37.3% for the quarter. In addition, the bottom line enjoyed a sharp turnaround, chalking up $1.5 billion in net income compared to the loss incurred in the same period last year due to pandemic-related store closures. What's more, Nike also provided strong guidance through 2025, confident that it can grow revenue at roughly 10% per year while earnings before interest and taxes should see growth in the high teens.\nNike's CEO John Donahoe attributed the strong performance to Nike's successful digital advantage over its competitors. The company's suite of apps has enabled deeper engagement with its customer base, and membership to its loyalty program has hit more than 300 million. Digital is also responsible for an increasing proportion of total sales, with digital revenue hitting 35% of group revenue more than three years ahead of plan.\nThe company's innovative footwear, coupled with endorsements by top athletes, serves to cement its pole position in the sportswear industry. Along with its digital investments, Nike should serve up healthy growth for many more years.\nProcter and Gamble\nLet's turn our attention to a company with a portfolio of consumer brands that have been in business since 1837. Procter and Gamble (NYSE:PG) is a $330 billion consumer behemoth with a portfolio of products in beauty, grooming, hair care, baby care, and home care. The company owns instantly recognizable brands such as Pantene, Olay, Gillette, Oral-B, and Pampers and sells its products in more than 180 countries.\nInvestors love Procter and Gamble for its slow but steady growth and also its stellar dividend-paying track record. The company recently declared its 65th consecutive year of dividend increases, with the quarterly dividend rising to $0.8698 per share. This impressive run of increases makes the company a perfect income stock for those who seek a steady inflow of cash to tide them over in their retirement years.\nThe company has also demonstrated its resilience during the pandemic. For the quarter ended March 31, net sales rose 5% year over year to $18.1 billion while operating income increased by 10%. Net earnings rose by 12% year over year, with Procter and Gamble managing to increase its gross margin from 49.4% to 50.7%. Organic sales growth even jumped in the U.S. from 5% before the pandemic to 13% during the pandemic.\nProcter and Gamble will continue building the business across four key pillars: innovation, brand-building, supply chain management, and digitalization and data analytics. The pandemic has heightened awareness of hygiene and cleanliness, providing the company with increased opportunities to sell through its hygiene products. And with more people telecommuting and studying from home, home and family care products should also see rising demand. An increasing preference for established brands means Procter and Gamble is well-positioned to continue growing its market share and delivering steady results in the years to come.","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154442721,"gmtCreate":1625541737463,"gmtModify":1631891719272,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Y","listText":"Y","text":"Y","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/154442721","repostId":"1181016623","repostType":4,"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154456024,"gmtCreate":1625540916868,"gmtModify":1631891719277,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154456024","repostId":"1116255026","repostType":4,"isVote":1,"tweetType":1,"viewCount":201,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806122565,"gmtCreate":1627643187857,"gmtModify":1631891719253,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Hoe say!","listText":"Hoe say!","text":"Hoe say!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/806122565","repostId":"1119303056","repostType":4,"isVote":1,"tweetType":1,"viewCount":441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803753970,"gmtCreate":1627466614390,"gmtModify":1631891719256,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Buy now!","listText":"Buy now!","text":"Buy now!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/803753970","repostId":"2154362911","repostType":4,"isVote":1,"tweetType":1,"viewCount":379,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159969806,"gmtCreate":1624936428305,"gmtModify":1633946763226,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Excellent!","listText":"Excellent!","text":"Excellent!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159969806","repostId":"2147837316","repostType":4,"repost":{"id":"2147837316","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624921533,"share":"https://www.laohu8.com/m/news/2147837316?lang=&edition=full","pubTime":"2021-06-29 07:05","market":"us","language":"en","title":"Tech stock rally sends S&P and Nasdaq to record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2147837316","media":"Reuters","summary":" - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.The S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.In contrast, cycl","content":"<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</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>Tech stock rally sends S&P and Nasdaq to record highs</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\">\nTech stock rally sends S&P and Nasdaq to record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-29 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WBA":"沃尔格林联合博姿","NFLX":"奈飞","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","MU":"美光科技",".SPX":"S&P 500 Index","TQQQ":"纳指三倍做多ETF",".DJI":"道琼斯","NVDA":"英伟达","QID":"纳指两倍做空ETF","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","TWTR":"Twitter","NDAQ":"纳斯达克OMX交易所","QQQ":"纳指100ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147837316","content_text":"(Reuters) - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.\nBig tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.\nThe S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.\nIn contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&P 500, down by 0.81% and 3.33%, respectively.\n“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.\nStovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&P 500 companies is expected to top 60%.\nThe Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.\nBoth the S&P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.\n“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.\nFacebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.\nOn the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.\nWith the S&P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.\nOn the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.\nThe S&P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.\nVolume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":19,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152192333,"gmtCreate":1625274450822,"gmtModify":1631894013312,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Bravo&nbsp;","listText":"Bravo&nbsp;","text":"Bravo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152192333","repostId":"2148803897","repostType":4,"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159956121,"gmtCreate":1624937832763,"gmtModify":1631894016233,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Like [Smile]&nbsp;","listText":"Like [Smile]&nbsp;","text":"Like [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159956121","repostId":"2147837316","repostType":4,"repost":{"id":"2147837316","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624921533,"share":"https://www.laohu8.com/m/news/2147837316?lang=&edition=full","pubTime":"2021-06-29 07:05","market":"us","language":"en","title":"Tech stock rally sends S&P and Nasdaq to record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2147837316","media":"Reuters","summary":" - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.The S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.In contrast, cycl","content":"<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</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>Tech stock rally sends S&P and Nasdaq to record highs</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\">\nTech stock rally sends S&P and Nasdaq to record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-29 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WBA":"沃尔格林联合博姿","NFLX":"奈飞","QLD":"纳指两倍做多ETF","PSQ":"纳指反向ETF","MU":"美光科技",".SPX":"S&P 500 Index","TQQQ":"纳指三倍做多ETF",".DJI":"道琼斯","NVDA":"英伟达","QID":"纳指两倍做空ETF","SQQQ":"纳指三倍做空ETF",".IXIC":"NASDAQ Composite","TWTR":"Twitter","NDAQ":"纳斯达克OMX交易所","QQQ":"纳指100ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147837316","content_text":"(Reuters) - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.\nBig tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.\nThe S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.\nIn contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&P 500, down by 0.81% and 3.33%, respectively.\n“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.\nStovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&P 500 companies is expected to top 60%.\nThe Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.\nBoth the S&P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.\n“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.\nFacebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.\nOn the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.\nWith the S&P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.\nOn the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.\nThe S&P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.\nVolume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":68,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159966470,"gmtCreate":1624936651990,"gmtModify":1631894016237,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159966470","repostId":"2146831625","repostType":4,"repost":{"id":"2146831625","kind":"highlight","pubTimestamp":1624932300,"share":"https://www.laohu8.com/m/news/2146831625?lang=&edition=full","pubTime":"2021-06-29 10:05","market":"us","language":"en","title":"Do Cannabis Stocks Need Tax Reform More Than Legalization?","url":"https://stock-news.laohu8.com/highlight/detail?id=2146831625","media":"Motley Fool","summary":"Pot companies may do better dealing with a fairer tax code than navigating a regulatory labyrinth.","content":"<p>The patchwork, state-by-state legalization of marijuana in the U.S. has created a market for cannabis companies that is less than ideal, leaving many people hoping the federal government will finally decriminalize pot, as Canada has.</p>\n<p>Yet the rollout of legal weed north of the border has also been marked by bureaucratic bungling that has inhibited cannabis stocks from realizing their full potential. Legalizing marijuana at the federal level in the U.S. might create a regulatory burden that's even more prohibitive than what legal pot companies already experience from the individual states.</p>\n<p>What the marijuana industry might need more than legalization is tax reform, because the current code is at odds with how legal cannabis businesses operate -- and with common sense.</p>\n<h2>Carrying a heavy burden</h2>\n<p>To prevent drug traffickers from profiting off their illegal activity, the federal government naturally prohibits them from taking tax deductions.</p>\n<p>While you wouldn't think that was necessary since what traffickers are doing is against the law, the tax court in the 1970s actually allowed a cocaine and amphetamines trafficker to deduct his \"business expenses,\" and Congress ended up enacting a law to prevent traffickers from doing that again.</p>\n<p>People don't consider their local marijuana dispensary owner to be anything like the guy hauling kilos of cocaine across the ocean in a cigarette boat and evading the Coast Guard. But because cannabis remains a Class I controlled dangerous substance, the Internal Revenue Service doesn't make any such distinctions.</p>\n<p>So legal cannabis companies like <b>Trulieve</b> (OTC:TCNNF) and <b>Cresco Labs</b> (OTC:CRLBF) are not permitted to deduct legitimate business expenses like marketing and advertising, health insurance premiums, interest, rent, or even employee salaries.</p>\n<p>Those deductions could be the difference between being profitable and running ruinous losses -- or for companies that do manage to turn a profit, from having additional resources to invest in their business.</p>\n<h2>Double jeopardy</h2>\n<p>The offending section of the tax code is Section 280e, which allows a cannabis business to deduct only the expenses directly related to sales of product, and not those associated with carrying on the actual business. So they're able to deduct the cost of goods sold, but not expenses related to selling, general, and administrative efforts.</p>\n<p>All this means a marijuana company is being taxed on its gross profits rather than operating income, which could make its effective tax rate well more than double a similarly structured business not in the cannabis industry. In short, marijuana companies might be taxed on more income than they actually make.</p>\n<p>Tim Winkler, controller at Ferro Cannabis, a Michigan-based cultivator of pot for medical and adult use, says the problem is more acute for dispensaries than for grow operations, but \"this is cash, so EBITDA [earnings before interest, taxes, depreciation, and amortization] takes the hit as well.\"</p>\n<p>EBITDA is a metric many investors use to compare businesses, as it largely focuses on how a company is operating, its profitability, and its cash flow. While not perfect, it serves as shorthand for investors evaluating a business -- and since marijuana companies are not able to deduct any of the listed expenses, they are put at a disadvantage. And obviously, the bigger the business, the bigger the hit it takes in taxes.</p>\n<h2>The high cost of success</h2>\n<p>All this is why many marijuana companies don't operate in the U.S. <b>Canopy Growth</b>, <b>HEXO</b>, <b>Tilray</b>, and others remain firmly ensconced in Canada so that they're not subject to Section 280e oversight.</p>\n<p>Meanwhile, some companies -- such as multistate dispensary operators like <b>Curaleaf Holdings</b>&nbsp;(OTC:CURLF), <b>Green Thumb Industries</b> (OTC:GTBIF), Trulieve, and <b>Harvest Health &amp; Recreation </b>(OTC:HRVSF) (which Trulieve is acquiring) -- actually have it worse.</p>\n<p>Even though they're Canadian companies subject to Canadian taxes, because they operate state-level legal cannabis businesses in the U.S., they are taxed a second time as U.S. corporations. And in states that align their local tax codes with the IRS code, they can't deduct normal business expenses locally, either.</p>\n<p>The results are evident in their financial statements: As their business grows, their tax liability often increases exponentially.</p>\n<table>\n <thead>\n  <tr>\n   <th><p><b>Company</b></p></th>\n   <th><p><b>2019-2020 Revenue Increase %</b></p></th>\n   <th><p><b>2019-2020 Income Tax Provision Increase %</b></p></th>\n   <th><p><b>No. of States Where It Operates</b></p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p>Cresco Labs</p></td>\n   <td><p>292%</p></td>\n   <td><p>232%</p></td>\n   <td><p>18</p></td>\n  </tr>\n  <tr>\n   <td><p>Curaleaf</p></td>\n   <td><p>160%</p></td>\n   <td><p>247%</p></td>\n   <td><p>23</p></td>\n  </tr>\n  <tr>\n   <td><p>Green Thumb Industries</p></td>\n   <td><p>157%</p></td>\n   <td><p>802%</p></td>\n   <td><p>12</p></td>\n  </tr>\n  <tr>\n   <td><p>Harvest Health</p></td>\n   <td><p>98%</p></td>\n   <td><p>230%</p></td>\n   <td><p>5</p></td>\n  </tr>\n  <tr>\n   <td><p>Trulieve</p></td>\n   <td><p>106%</p></td>\n   <td><p>87%</p></td>\n   <td><p>6</p></td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Company websites.</p>\n<h2>Paying their fair share</h2>\n<p>Federal legalization of marijuana would obviously eliminate the undue burden cannabis companies face when calculating their taxes, but as noted previously, it could unleash a regulatory burden that might be just as bad as the current system.</p>\n<p>There's a reason the black market in marijuana still proliferates even where states have legalized it: The government has made the cost of doing business too expensive, which shows up in prices. It's often just cheaper to buy illegal weed.</p>\n<p>It's a testament to their businesses that Cresco and Trulieve have been able to grow sales faster than their taxes, but if cannabis companies had their druthers, they might just prefer the government to enact tax reform over marijuana legalization.</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>Do Cannabis Stocks Need Tax Reform More Than Legalization?</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\">\nDo Cannabis Stocks Need Tax Reform More Than Legalization?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 10:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/28/do-cannabis-stocks-need-tax-reform-more-than-legal/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The patchwork, state-by-state legalization of marijuana in the U.S. has created a market for cannabis companies that is less than ideal, leaving many people hoping the federal government will finally ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/28/do-cannabis-stocks-need-tax-reform-more-than-legal/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CRLBF":"Cresco Labs Inc.","TCNNF":"Trulieve Cannabis Corporation"},"source_url":"https://www.fool.com/investing/2021/06/28/do-cannabis-stocks-need-tax-reform-more-than-legal/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146831625","content_text":"The patchwork, state-by-state legalization of marijuana in the U.S. has created a market for cannabis companies that is less than ideal, leaving many people hoping the federal government will finally decriminalize pot, as Canada has.\nYet the rollout of legal weed north of the border has also been marked by bureaucratic bungling that has inhibited cannabis stocks from realizing their full potential. Legalizing marijuana at the federal level in the U.S. might create a regulatory burden that's even more prohibitive than what legal pot companies already experience from the individual states.\nWhat the marijuana industry might need more than legalization is tax reform, because the current code is at odds with how legal cannabis businesses operate -- and with common sense.\nCarrying a heavy burden\nTo prevent drug traffickers from profiting off their illegal activity, the federal government naturally prohibits them from taking tax deductions.\nWhile you wouldn't think that was necessary since what traffickers are doing is against the law, the tax court in the 1970s actually allowed a cocaine and amphetamines trafficker to deduct his \"business expenses,\" and Congress ended up enacting a law to prevent traffickers from doing that again.\nPeople don't consider their local marijuana dispensary owner to be anything like the guy hauling kilos of cocaine across the ocean in a cigarette boat and evading the Coast Guard. But because cannabis remains a Class I controlled dangerous substance, the Internal Revenue Service doesn't make any such distinctions.\nSo legal cannabis companies like Trulieve (OTC:TCNNF) and Cresco Labs (OTC:CRLBF) are not permitted to deduct legitimate business expenses like marketing and advertising, health insurance premiums, interest, rent, or even employee salaries.\nThose deductions could be the difference between being profitable and running ruinous losses -- or for companies that do manage to turn a profit, from having additional resources to invest in their business.\nDouble jeopardy\nThe offending section of the tax code is Section 280e, which allows a cannabis business to deduct only the expenses directly related to sales of product, and not those associated with carrying on the actual business. So they're able to deduct the cost of goods sold, but not expenses related to selling, general, and administrative efforts.\nAll this means a marijuana company is being taxed on its gross profits rather than operating income, which could make its effective tax rate well more than double a similarly structured business not in the cannabis industry. In short, marijuana companies might be taxed on more income than they actually make.\nTim Winkler, controller at Ferro Cannabis, a Michigan-based cultivator of pot for medical and adult use, says the problem is more acute for dispensaries than for grow operations, but \"this is cash, so EBITDA [earnings before interest, taxes, depreciation, and amortization] takes the hit as well.\"\nEBITDA is a metric many investors use to compare businesses, as it largely focuses on how a company is operating, its profitability, and its cash flow. While not perfect, it serves as shorthand for investors evaluating a business -- and since marijuana companies are not able to deduct any of the listed expenses, they are put at a disadvantage. And obviously, the bigger the business, the bigger the hit it takes in taxes.\nThe high cost of success\nAll this is why many marijuana companies don't operate in the U.S. Canopy Growth, HEXO, Tilray, and others remain firmly ensconced in Canada so that they're not subject to Section 280e oversight.\nMeanwhile, some companies -- such as multistate dispensary operators like Curaleaf Holdings (OTC:CURLF), Green Thumb Industries (OTC:GTBIF), Trulieve, and Harvest Health & Recreation (OTC:HRVSF) (which Trulieve is acquiring) -- actually have it worse.\nEven though they're Canadian companies subject to Canadian taxes, because they operate state-level legal cannabis businesses in the U.S., they are taxed a second time as U.S. corporations. And in states that align their local tax codes with the IRS code, they can't deduct normal business expenses locally, either.\nThe results are evident in their financial statements: As their business grows, their tax liability often increases exponentially.\n\n\n\nCompany\n2019-2020 Revenue Increase %\n2019-2020 Income Tax Provision Increase %\nNo. of States Where It Operates\n\n\n\n\nCresco Labs\n292%\n232%\n18\n\n\nCuraleaf\n160%\n247%\n23\n\n\nGreen Thumb Industries\n157%\n802%\n12\n\n\nHarvest Health\n98%\n230%\n5\n\n\nTrulieve\n106%\n87%\n6\n\n\n\nData source: Company websites.\nPaying their fair share\nFederal legalization of marijuana would obviously eliminate the undue burden cannabis companies face when calculating their taxes, but as noted previously, it could unleash a regulatory burden that might be just as bad as the current system.\nThere's a reason the black market in marijuana still proliferates even where states have legalized it: The government has made the cost of doing business too expensive, which shows up in prices. It's often just cheaper to buy illegal weed.\nIt's a testament to their businesses that Cresco and Trulieve have been able to grow sales faster than their taxes, but if cannabis companies had their druthers, they might just prefer the government to enact tax reform over marijuana legalization.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155824899,"gmtCreate":1625403527911,"gmtModify":1631894016229,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"[Miser]&nbsp;[Miser]&nbsp;","listText":"[Miser]&nbsp;[Miser]&nbsp;","text":"[Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155824899","repostId":"1160702483","repostType":4,"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152195354,"gmtCreate":1625274494878,"gmtModify":1631894016235,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152195354","repostId":"1175147780","repostType":4,"repost":{"id":"1175147780","kind":"news","pubTimestamp":1625236555,"share":"https://www.laohu8.com/m/news/1175147780?lang=&edition=full","pubTime":"2021-07-02 22:35","market":"fut","language":"en","title":"Wall Street Rebels Warn of ‘Disastrous’ $11 Trillion Index Boom","url":"https://stock-news.laohu8.com/highlight/detail?id=1175147780","media":"Bloomberg","summary":"Fifty years since first fund, critics fear passive is too big\nWorries include ownership, price disco","content":"<ul>\n <li>Fifty years since first fund, critics fear passive is too big</li>\n <li>Worries include ownership, price discovery and volatility</li>\n</ul>\n<p>To critics of the $11 trillion passive boom, active management is the original form of ethical investing -- and time is running out to save it from the indexing onslaught.</p>\n<p>“On a societal basis, it’s potentially disastrous,” says Michael Green, chief strategist at Simplify Asset Management, referring to the passive frenzy. “There’s an impending crisis that requires people to make changes.”</p>\n<p>Fifty years since the&nbsp;first fund&nbsp;was created to mimic the moves of an entire market, naysayers fear the industry is now so big it threatens the capitalist social order.</p>\n<p><img src=\"https://static.tigerbbs.com/c514258b8f07d46eb245784913cfa913\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Yes, it lowered costs, brought investing to the masses and improved returns for many. But the dark side according to the critics: It’s funneling money to undeserving businesses, distorting price discovery and intensifying volatility.</p>\n<p>“Markets are ultimately not about funding someone else’s retirement but instead about allocating capital efficiently within an economy and creating the signals that encourage investment in the better companies,” says Green.</p>\n<p>His fears over the demise of stock picking are shared by a vocal contingent in full knowledge they’re likely fighting a losing battle.</p>\n<p>Inigo Fraser Jenkins, head of global quantitative strategy at Sanford C. Bernstein, once declared passive investing to be worse than Marxism. Michael Burry of “The Big Short” fame tweeted that “passive investing’s IQ drain” is fueling a stock bubble. Yves Choueifaty, a Frenchman known for his $10 billion “anti-benchmark” strategies, once called it “completely toxic.”</p>\n<p>Yet investors are pouring billions into index-trackers for good reason: Evidence keeps showing that most active managers fail to beat their benchmarks after fees, while those who do struggle to maintain that performance.</p>\n<p>Cue three lines of critique over the unintended consequences, mostly leveled at the predominant form of indexing which weights gauges based on a company’s market capitalization.</p>\n<p>First, it creates economies of scale that concentrate equity ownership in a handful of passive giants like BlackRock Inc. and Vanguard Group. (One academic&nbsp;estimate&nbsp;suggests the three biggest money managers could cast as much as 40% of the votes in S&amp;P 500 stocks within two decades.) Second, it will ultimately be bad for investors when the largest stocks start to underperform. And third, it’s distorting share prices.</p>\n<p>That last point is a hotly debated issue. One point Green likes to make is passive has made markets more volatile. In apaperlast year, academics Xavier Gabaix and Ralph Koijen argued that the dominance of price-insensitive shareholders -- which tend to include index funds -- means that $1 of inflows can lead to $5 more in aggregate market value.</p>\n<p>To the likes of Green, that’s why stocks are posting massive moves more often in recent years between bouts of eerie calm, a phenomenon documented by strategists at Bank of America Corp. and Societe Generale SA.</p>\n<p>Another implication is that if flows are moving prices, the latter don’t just reflect all the information about the present value of future dividends -- as suggested by the efficient-markets hypothesis.</p>\n<p>“As a discretionary asset manager I see high prices and high valuation as indicative of lower future returns and therefore I’ll try to find alternatives,” says Green, who used to work at Peter Thiel’s family office. “A cap-weighted index does the exact opposite. They don’t change their cash holdings and paradoxically they allocate more of the marginal capital to the most richly valued companies so it becomes a reinforcing mechanism toward inelasticity.”</p>\n<p>In this line of thinking, it’s not that those distortions can never reverse, just that they are exacerbated by indexing. Another recentpapersuggested that passive flows into the S&amp;P 500 have disproportionately pumped up prices of its largest members, paving the way for smaller companies to eventually outperform.</p>\n<p>Choueifaty, who founded asset management firm TOBAM nearly two decades ago, says that indexes give investors a false sense of security for precisely this reason.</p>\n<p>“The market-cap weighted benchmark always allocates to what is already fashionable and already expensive,” he says. “Whenever you’re passive, you’re extremely far away from being neutral.”</p>\n<p>Firms pitch market-cap weighted index funds to investors as a way to diversify away risks. The pitch goes that if you’re invested in 500 stocks, a couple of duds won’t hurt you. But to Choueifaty, seemingly neutral index funds are in reality crawling with harmful biases and distortions.</p>\n<p>Take the S&amp;P 500. The top five members, all technology names, are weighted as heavily as the bottom 350 companies. Sectors become dominant precisely when they’re at their most expensive. For long-term investors, that’s a disaster, Choueifaty says.</p>\n<p><img src=\"https://static.tigerbbs.com/409d8dea85e1ca5021fb49fd61579570\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>If you accept the premise that the trillions flooding benchmarks must be having some impact on market plumbing, it becomes easier to draw a line to distortions all over markets in 2021. Think meme-stockmadness, stock volatility through the pandemic and tech giants trading at hundreds of times earnings.</p>\n<p>Yet that risks simplifying complex and interlocking forces behind modern markets. That’s why Fraser Jenkins now says that even though indexing has likely made stocks increasingly move as one, the threat to capitalism&nbsp;he flagged in 2016is still not imminent.</p>\n<p>“Back then, I was wondering if there’s a limit that was imposed by a breakdown in the efficient allocation of capital or from correlations jumping and going too high,” he says. “I think any limit from those sources is just far, far off.”</p>\n<p>That said, a stress test for the benchmarking era may be coming if higher inflation undermines&nbsp;balanced portfolios, according to the Bernstein quant.</p>\n<p>“If the risk for things like 60/40 goes up because equities and bonds don’t diversify the same way, then that’s a limit to passive investing and demands an active response,” he says.</p>\n<p>So does that mean the portion of total assets held by passive would slow in this doomsday scenario? Unlikely.</p>\n<p>“It just goes up,” Fraser Jenkins says.</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>Wall Street Rebels Warn of ‘Disastrous’ $11 Trillion Index Boom</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 Rebels Warn of ‘Disastrous’ $11 Trillion Index Boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 22:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-07-02/wall-street-rebels-warn-of-disastrous-11-trillion-index-boom?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fifty years since first fund, critics fear passive is too big\nWorries include ownership, price discovery and volatility\n\nTo critics of the $11 trillion passive boom, active management is the original ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-02/wall-street-rebels-warn-of-disastrous-11-trillion-index-boom?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-02/wall-street-rebels-warn-of-disastrous-11-trillion-index-boom?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175147780","content_text":"Fifty years since first fund, critics fear passive is too big\nWorries include ownership, price discovery and volatility\n\nTo critics of the $11 trillion passive boom, active management is the original form of ethical investing -- and time is running out to save it from the indexing onslaught.\n“On a societal basis, it’s potentially disastrous,” says Michael Green, chief strategist at Simplify Asset Management, referring to the passive frenzy. “There’s an impending crisis that requires people to make changes.”\nFifty years since the first fund was created to mimic the moves of an entire market, naysayers fear the industry is now so big it threatens the capitalist social order.\n\nYes, it lowered costs, brought investing to the masses and improved returns for many. But the dark side according to the critics: It’s funneling money to undeserving businesses, distorting price discovery and intensifying volatility.\n“Markets are ultimately not about funding someone else’s retirement but instead about allocating capital efficiently within an economy and creating the signals that encourage investment in the better companies,” says Green.\nHis fears over the demise of stock picking are shared by a vocal contingent in full knowledge they’re likely fighting a losing battle.\nInigo Fraser Jenkins, head of global quantitative strategy at Sanford C. Bernstein, once declared passive investing to be worse than Marxism. Michael Burry of “The Big Short” fame tweeted that “passive investing’s IQ drain” is fueling a stock bubble. Yves Choueifaty, a Frenchman known for his $10 billion “anti-benchmark” strategies, once called it “completely toxic.”\nYet investors are pouring billions into index-trackers for good reason: Evidence keeps showing that most active managers fail to beat their benchmarks after fees, while those who do struggle to maintain that performance.\nCue three lines of critique over the unintended consequences, mostly leveled at the predominant form of indexing which weights gauges based on a company’s market capitalization.\nFirst, it creates economies of scale that concentrate equity ownership in a handful of passive giants like BlackRock Inc. and Vanguard Group. (One academic estimate suggests the three biggest money managers could cast as much as 40% of the votes in S&P 500 stocks within two decades.) Second, it will ultimately be bad for investors when the largest stocks start to underperform. And third, it’s distorting share prices.\nThat last point is a hotly debated issue. One point Green likes to make is passive has made markets more volatile. In apaperlast year, academics Xavier Gabaix and Ralph Koijen argued that the dominance of price-insensitive shareholders -- which tend to include index funds -- means that $1 of inflows can lead to $5 more in aggregate market value.\nTo the likes of Green, that’s why stocks are posting massive moves more often in recent years between bouts of eerie calm, a phenomenon documented by strategists at Bank of America Corp. and Societe Generale SA.\nAnother implication is that if flows are moving prices, the latter don’t just reflect all the information about the present value of future dividends -- as suggested by the efficient-markets hypothesis.\n“As a discretionary asset manager I see high prices and high valuation as indicative of lower future returns and therefore I’ll try to find alternatives,” says Green, who used to work at Peter Thiel’s family office. “A cap-weighted index does the exact opposite. They don’t change their cash holdings and paradoxically they allocate more of the marginal capital to the most richly valued companies so it becomes a reinforcing mechanism toward inelasticity.”\nIn this line of thinking, it’s not that those distortions can never reverse, just that they are exacerbated by indexing. Another recentpapersuggested that passive flows into the S&P 500 have disproportionately pumped up prices of its largest members, paving the way for smaller companies to eventually outperform.\nChoueifaty, who founded asset management firm TOBAM nearly two decades ago, says that indexes give investors a false sense of security for precisely this reason.\n“The market-cap weighted benchmark always allocates to what is already fashionable and already expensive,” he says. “Whenever you’re passive, you’re extremely far away from being neutral.”\nFirms pitch market-cap weighted index funds to investors as a way to diversify away risks. The pitch goes that if you’re invested in 500 stocks, a couple of duds won’t hurt you. But to Choueifaty, seemingly neutral index funds are in reality crawling with harmful biases and distortions.\nTake the S&P 500. The top five members, all technology names, are weighted as heavily as the bottom 350 companies. Sectors become dominant precisely when they’re at their most expensive. For long-term investors, that’s a disaster, Choueifaty says.\n\nIf you accept the premise that the trillions flooding benchmarks must be having some impact on market plumbing, it becomes easier to draw a line to distortions all over markets in 2021. Think meme-stockmadness, stock volatility through the pandemic and tech giants trading at hundreds of times earnings.\nYet that risks simplifying complex and interlocking forces behind modern markets. That’s why Fraser Jenkins now says that even though indexing has likely made stocks increasingly move as one, the threat to capitalism he flagged in 2016is still not imminent.\n“Back then, I was wondering if there’s a limit that was imposed by a breakdown in the efficient allocation of capital or from correlations jumping and going too high,” he says. “I think any limit from those sources is just far, far off.”\nThat said, a stress test for the benchmarking era may be coming if higher inflation undermines balanced portfolios, according to the Bernstein quant.\n“If the risk for things like 60/40 goes up because equities and bonds don’t diversify the same way, then that’s a limit to passive investing and demands an active response,” he says.\nSo does that mean the portion of total assets held by passive would slow in this doomsday scenario? Unlikely.\n“It just goes up,” Fraser Jenkins says.","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153250110,"gmtCreate":1625029068330,"gmtModify":1631894016235,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Excellent&nbsp;","listText":"Excellent&nbsp;","text":"Excellent","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153250110","repostId":"1122418477","repostType":4,"repost":{"id":"1122418477","kind":"news","pubTimestamp":1625008161,"share":"https://www.laohu8.com/m/news/1122418477?lang=&edition=full","pubTime":"2021-06-30 07:09","market":"us","language":"en","title":"Tech stocks propel S&P 500, Nasdaq to fresh highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1122418477","media":"CNBC","summary":"The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.The broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added ab","content":"<div>\n<p>The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stocks propel S&P 500, Nasdaq to fresh highs</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\">\nTech stocks propel S&P 500, Nasdaq to fresh highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SWKS":"思佳讯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","AMD":"美国超微公司",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/28/stock-market-futures-open-to-close-news.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1122418477","content_text":"The S&P 500 notched another record high on Tuesday amid bullish economic data but retreated toward the flat line later in the session as Wall Street continued its recent period of low volatility.\nThe broad market index ticked up less than 0.1% to 4,291.80, good enough for its fourth-straight record close. The Dow Jones Industrial Average finished with a gain of about 9 points after being up more than 100 points earlier in the session, closing at 34,292.29. The tech-heavy Nasdaq Composite added about 0.2% for its own record of 14,528.33.\nHomebuilder stocks moved higher after S&P Case-Shiller saidhome prices rose more than 14% in Aprilcompared to the prior year. Five U.S. cities, including Seattle, saw their largest annual increase on record. Shares of PulteGroup rose 2%.\nSemiconductor stocks gained strength later in the session, with Skyworks and Advanced Micro Devices climbing 4.5% and 2.8%, respectively. General Electric boosted the industrials sector, rising over 1% afterGoldman Sachs named the stock a top idea.\nThe market has churned out a series of record highs in recent weeks, but the gains have been relatively modest and some strategists have pointed to weak market breadth, measured by the performance of the average stock and the number of individual names making new highs, as a potential area of concern.\nOn Tuesday, there were slightly more declining stocks in the S&P 500 than those that rose during the session.\nHowever, the diminished breadth and volatility could simply be a natural pause during the summer months ahead of the busy earnings season in July, said Bill McMahon, the chief investment officer for active equity strategies at Charles Schwab Investment Management.\n\"I think people are in a little bit of a wait-and-see mode, so it's not surprising to see volatility decline and breadth worsen a tad,\" McMahon said, adding that concern about the spreading Delta variant of Covid-19 could also be weighing on stocks.\nShares of Morgan Stanley jumped more than 3% after the bank said it willdouble its quarterly dividend. The bank also announced a $12 billion stock buyback program. The announcement follows last week's stress tests by the Federal Reserve, which all 23 major banks passed. However, some other bank stocks gave up early gains and weighed on the broader indexes despite increasing their own payout plans.\nThe Conference Board's consumer confidence reading for June came in higher than expected, adding to the bullish readings about the economic recovery.\nWith the market entering the final trading days of June and the second quarter, the S&P 500 is on track to register its fifth straight month of gains. The Nasdaq is pacing for its seventh positive month in the last eight. The Dow, however, is in the red for the month, and on track to snap a four-month winning streak.\nSo far in 2021, the S&P 500 has added 14%, while the Nasdaq has added more than 12% with the Dow close behind.\nJPMorgan quantitative strategist Dubravkos Lakos-Bujas said on CNBC's \"Squawk Box\" that the market appeared to have near-term upside.\n\"The growth policy backdrop in our opinion still remains supportive for risk assets in general, certainly including equities. At the same time, the positioning is not really stretched to where we are in a problematic territory. So we do think there is still a runway. ... The summer period, the next two months, is where I think the market continues to break out,\" the strategist said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159966387,"gmtCreate":1624936614849,"gmtModify":1631894013330,"author":{"id":"4087896269215710","authorId":"4087896269215710","name":"Eric7272","avatar":"https://static.tigerbbs.com/c64722cc3d2ba5d2ac05197f49e04262","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087896269215710","authorIdStr":"4087896269215710"},"themes":[],"htmlText":"Okie&nbsp;","listText":"Okie&nbsp;","text":"Okie","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/159966387","repostId":"1195734655","repostType":4,"isVote":1,"tweetType":1,"viewCount":34,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}