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Felixmc9999

Felixmc9999

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2021-12-27

I wonder why the drop is so drastic

Novavax shares dropped 8% in morning trading

2021-12-13

The rise in the stock shows investors' confidence

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2021-12-17

Oh great but I just sold my shares yesterday 😭

Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list

2021-12-23

Palantir can still rise

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2021-12-17

Skyworks is depending on Apple heavily and If Apple has outsourcing it then its bad news for Skyworks

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2021-12-14

To evaluate more

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2021-12-24

Sounds good

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2021-12-16

Good article

After a dazzling 2021, Apple and Tesla stocks are expected to be duds in 2022

2021-12-28

Well written article. Also, is there any chance Pinterest will collaborate with PayPal?

Pinterest Could Be A Winner For 2022

2021-12-24

Sounds good

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Also, is there any chance Pinterest will collaborate with PayPal?&nbsp;","listText":"Well written article. Also, is there any chance Pinterest will collaborate with PayPal?&nbsp;","text":"Well written article. Also, is there any chance Pinterest will collaborate with PayPal?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696116663","repostId":"1160732619","repostType":2,"repost":{"id":"1160732619","kind":"news","pubTimestamp":1640588282,"share":"https://www.laohu8.com/m/news/1160732619?lang=&edition=full","pubTime":"2021-12-27 14:58","market":"us","language":"en","title":"Pinterest Could Be A Winner For 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1160732619","media":"seekingalpha","summary":"Summary\n\nDown 43% YTD and 58% off its recent high, Pinterest is severely beaten but on track to gene","content":"<p><b>Summary</b></p>\n<ul>\n <li>Down 43% YTD and 58% off its recent high, Pinterest is severely beaten but on track to generate FY21 $2.6 billion in revenue with a fortress balance sheet.</li>\n <li>Went public at $12.3 billion market cap, today trading at $24.4 billion despite revenue growing from $755 million to $2.6 billion with strong MAU and ARPU growth.</li>\n <li>MAU growth is currently disappointing and a sell-off warranted, but management continues to drive very strong ARPU growth, indicating a strong monetisation and retention outlook.</li>\n <li>Pinterest continues to exhibit strong innovation power striving to increase shoppability of its platform.</li>\n <li>I believe Pinterest could be a potential winner for 2022 in terms of performance if sentiment clears, however, continued MAU uncertainty could bring more stock price pain.</li>\n</ul>\n<p><b>Introduction</b></p>\n<p>I&nbsp;published an article&nbsp;concerning Pinterest(NYSE:PINS)just prior to the company releasing its Q3-2021 results, stating that MAUs (Monthly Active Users) would be the focal point, as growth has slowed dramatically, with particularly the US user base being a problem, as they are the main driver and contributor of revenue measured on a per user basis. The Q2-2021 results showed a -5% reduction Y/Y in its US user base and a total growth in MAU of 9% driven by 13% growth internationally, but with the international segment reporting a much lower revenue per user. I slapped a bullish rating on Pinterest at that point in time, but since then, the stock nosedived an additional 20%. Ouch!</p>\n<p>That article covered the relevance of Pinterest, its strong financial performance, and potential runway ahead. That was just two months ago, so as a reader, you should consider this an extension of that article given that much has happened since then. This article will focus on diving into the numbers to give some perspective, with the significant headlines in recent months include:</p>\n<ul>\n <li>The US userbase continues to contract (minus 10% Y/Y US MAU contraction Q3-2021)</li>\n <li>Rumours concerning a potential PayPal (PYPL) takeover of Pinterest at $70 per share - potential deal failed</li>\n <li>Continuedinsider selling(Nine straight quarters of selling and no buying)</li>\n</ul>\n<p>Pinterest belongs in the basket of high growth innovative tech stocks, where the valuation is typically high and the margin for error is slim if management wants to avoid being punished by the market. The two most important metrics published by the company are the MAU and ARPU (Average Revenue Per User). I don't personally believe the development is as poor as the stock price movement could indicate.</p>\n<p><b>Q3-2021 MAU &amp; ARPU</b></p>\n<p>Before going into the actual quarterly results, I've put together the development for both metrics since 2018 to exhibit the development as opposed to comparing to the Y/Y numerical development alone, which we will get to in a minute.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c37e6bab8934184d0eda8922ad94ee6b\" tg-width=\"1179\" tg-height=\"595\" referrerpolicy=\"no-referrer\"><span>Authors own creation with data from quarterly earnings reports</span></p>\n<p>Evidently, the growth has come to a complete halt and stands in stark contrast to what investors could expect only a few quarters ago - quite dramatic taking the long-term development into consideration. Herein lies the reason for the negative 45% return YTD for the stock price with the growth having slowed down much quicker than anyone could have anticipated. Many, including myself, have been operating under the assumption that the Covid-19 growth gush would slow as it wasn't sustainable, but at this point in time, it seems more like it rammed into a brick wall.</p>\n<p>I do however believe, it is needed to put the development into context. If we rewind the clock to early 2020 during the onset of Covid-19, we can observe a significant upwards spike in MAUs that was never going to be sustainable. Spring of 2021 marked the return to an outdoor life reviving the competition for MAUs' spare time and attention that hadn't existed for an extended period. The same way the exceptional development during 2020 wasn't going to last, the same way I doubt that Pinterest is done growing.</p>\n<p>Naturally, management inserts an 'asterisk' whenever they touch the development of MAUs these days, simply saying that the evolution of Covid-19 and its impact on MAUs remain unknown, which is also a source of uncertainty for investors and a dangerous strategy if you ask me, but also that management believes growth opportunities remain intact. Within the&nbsp;Q3-2021 letter to shareholders, management had the following to say</p>\n<blockquote>\n \"We believe the slowdown in growth in Q3 was due to the continued pandemic unwind in the U.S. and in international markets which caused weakness in our core at-home use cases, Gen Z returning back to school, and search algorithm changes… As lockdowns eased, people have embraced life outside their homes, a trend that caused a dramatic decline of our year-over-year growth rate of monthly active users (MAUs) in Q2 and Q3, as consumer preferences shifted away from our core at-home use cases. Looking beyond the COVID-19-driven volatility, our \n <b>current view on the long-term opportunity to grow our user base, both in the US and globally, remains unchanged from what it was before the pandemic</b>.\"\n</blockquote>\n<p>During the earnings call, CEO Benjamin Silbermann also gave a response to a question concerning how management strives to re-attract those that had a one-time use during the pandemic for an individual project.</p>\n<blockquote>\n \"…unlike more social service where you engage with it almost daily to talk to your friends, Pinterest is something that you might come in, use it for a product, a project and then you may pause. And historically, we've seen a lot of our users use it for a period of time and then come back…\"\n</blockquote>\n<p>Within this response, Silbermann also touches upon a significant difference between social media platforms like Instagram and Facebook(NASDAQ:FB)compared to Pinterest. Users visit IG or FB to look at people (friends, family, colleagues, celebrities, etc.), while they go to Pinterest for inspiration. Inspiration for the next DIY project, travel location, fashion trend, home décor, you name it, which also means that usage should be a bit lumpier. This underlines the thesis that the userbase spiked during the early periods of Covid-19 where we were all locked up and sought inspiration for new activities, DIY projects, etc.</p>\n<p>Furthermore, it also means that ads don't reduce the user experience to the same extent it does when browsing FB or IG. In that regard, Pinterest becomes a search-social hybrid. I think this is important to keep in mind, as it supports stronger monetisation of the userbase by the fact that viral or particularly popular themes or pins, should be able to drive strong revenue via value-adding ads. Discussing the concept of Pinterest with family and friends, the avid users always circle back to the convenience of being able to pick up the item you are spotting in a pin.</p>\n<p>This also reveals itself in the composition of the userbase which has been leaning heavily towards the female audience, leaving a significant untapped potential within the male userbase which could add to Pinterest's grasp as time passes and it moves up the ranks of most used social platforms. I don't see why Pinterest shouldn't be able to drive strong engagement with the male audience as time passes.</p>\n<p><img src=\"https://static.tigerbbs.com/0ed52013ed374cb4414a5f88165295b4\" tg-width=\"1063\" tg-height=\"596\" referrerpolicy=\"no-referrer\"></p>\n<p>In my previous article, I listed some of the interesting&nbsp;metrics&nbsp;that cause me to label Pinterest a higher quality social media platform than the famous peers such as IG or FB, I'll take the liberty to list them once more.</p>\n<ul>\n <li>Pinterest is great for planning life moments. 85% of women use Pinterest to plan life moments compared to 44% for Instagram.</li>\n <li>In the US, Pinterest can reach 83% of females aged between 35 - 54 years of age. This same audience accounts for 80% of the buying decisions in US homes.</li>\n <li>1 in 2 people make a purchase after seeing a promoted pin</li>\n <li>78% of users say content from brands is useful, including ads</li>\n <li>Millennials claim that Pinterest inspires them to make dreams a reality, more so than any other platform.</li>\n <li>90% of users agree that Pinterest is \"filled with positivity\" and the platform is doing its best to keep it that way.</li>\n</ul>\n<p>Of the points above, I personally find great value in learning that users find the platform inspirational and positive more so than the alternatives. Why? In a time of mindless scrolling, I, as a fellow millennial, am hearing more and more people share how they are tired of feeling conned by platforms that don't add value or positivity to the user experience. While it is a highly intangible statistic, I do find it speaks in favour of Pinterest's relevance and potential longevity.</p>\n<p>However, no matter the arguments, it inevitably talks into the immediately disappointing development for MAUs when comparing Y/Y, as visible from the Q3-2021 earnings presentation. If I were to try and find a bit of light in the darkness, it would be that despite the growth having come to a halt on Y/Y basis, if we compare 2Y/Y, then MAU is growing by 38%.</p>\n<p>While management believes there is still plenty of growth left and that I can identify interesting nuggets suggesting that there is more to Pinterest than meets the eye at this moment, I can't deny that MAUs is the fuel that drives the revenue of Pinterest which therefore also warrants a strong response from the investment community. Question, however, is if one can hold through the pain while allowing for the long-term thesis to unfold. Clearly, Pinterest strikes a chord with millions of people, and why shouldn't it continue to do so as it expands its reach.</p>\n<p>To be very blunt, no investor, main street or Wall Street enjoys seeing the growth disappearing entirely, and if the current picture continues into the coming quarters, then we could expect more pain coming the way of the stock price and valuation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/652f0b8dc7f57c376d4d63415f9bf743\" tg-width=\"1137\" tg-height=\"641\" referrerpolicy=\"no-referrer\"><span>Q3-2021 earnings presentation, p. 4.</span></p>\n<p><b>ARPU Development</b></p>\n<p>Speaking of the revenue, let's have a look at how the ARPU has developed.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e579df5950792f2ee6d33045b2808654\" tg-width=\"1222\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><span>Author's own creation with data from quarterly earnings reports</span></p>\n<p>Despite the lacklustre development within MAUs, ARPU kept growing strongly with an impressive 37% (44% for US and 81% Internationally). This speaks strongly in favour of how Pinterest is leveraging the level of engagement, especially in comparison to weak MAU numbers. Here is the key to profitability for Pinterest, and as such, it's immensely important to monitor and for management to keep growing. As seen with other platforms, monetisation is and will remain higher with the US audience compared to Europe or international on a broad spectrum, which is also why the negative MAU growth for US is such a problem in the eyes of many investors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e33210dc8a0507e36f9a67d66d5fd2a2\" tg-width=\"1223\" tg-height=\"685\" referrerpolicy=\"no-referrer\"><span>Q3-2021 earnings presentation, p. 5.</span></p>\n<p>There is significant difference underlying these numbers as ARPU for the US userbase is significantly higher at $5.55 per user compared to $0.38 for the International audience. The difference stems from a vast gap across geographies. Meta Platforms, the owner of Facebook, provides a more detailed breakdown, where the ARPU worldwide is $10.00 for Q3-2021 while the ARPU for US &amp; Canada is $52.34, for Europe $16.5, Asia-Pacific $4.3, and Rest of World $3.14. Of that $10.00, $0.25 stems from 'other' while the $9.75 is advertising revenue, meaning that 97.5% of FB's ARPU is advertising.</p>\n<p>In fact, if I present the exact same ARPU visualisation for Facebook to compare to Pinterest, we see a very different growth profile, but also one where we see the Covid-19 effects. Facebook has been more consistent, also speaking to the words of Silbermann, that users may not visit every day or week in the case of Pinterest.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b348bbf59fcb36c311bc0f33598fafc\" tg-width=\"1200\" tg-height=\"620\" referrerpolicy=\"no-referrer\"><span>Author's own creation with data from quarterly earnings reports</span></p>\n<p>Facebook drives a much higher ARPU but is also a much more mature platform. It's tempting to draw a straight line between the numbers of FB and those of Pinterest, but whether Pinterest can reach anything remotely similar to those numbers remains to be known, but given the strong growth of its ARPU, it is evident that it's moving in the right direction, as especially the international ARPU came in an impressive 81% Y/Y.</p>\n<p>What will have to drive that continuous expansion for Pinterest is a mixture of innovation and relevance of the platform. They need to ensure Pinterest is \"shoppable\" for the users.</p>\n<p>As investors we can't simply observe a company on a quarter-to-quarter basis, so we have to zoom out, and as every shareholder letter comes to light, I see management continue driving a concentrated effort in making the platform more shoppable. In my previous article, I briefly mentioned that Q2-2021 saw a massive expansion in the catalogue items and a focus on the mutually beneficial Shopify (SHOP)partnership&nbsp;where Shopify merchants can ensure placement of their products in front of the Pinterest audience. Concerning the shoppable journey, management had the following to say duringQ3-2021.</p>\n<blockquote>\n \" \n <i>Specifically, purchases often help make dreams come to life, so we've been working to make Pinterest more shoppable. Even though we've made progress over the past two years, we're still relatively early in this journey…We believe it became easier than ever to discover and shop for products on Pinterest during Q3. Overall product searches were up over 100% year over year, and searches on the Shop tab by Gen Z Pinners have increased over 200% year over year. Our new shopping list feature for boards is seeing traction, and our price drop notifications are opened at a high rate. Finally, we began testing a more seamless checkout experience in the US in Q4.</i>\"\n</blockquote>\n<p>On top, management launched a series of new initiatives during the quarter:</p>\n<ul>\n <li>Watch Tab: A vertical video function similar to the one found in Snap. The functionality is meant to drive engagement and relevance for the user experience. Maybe an arena in which Pinterest has lacked in comparison to peers such as Snap(NYSE:SNAP)or Facebook, where video is already a strong feature, but which should also support ARPU growth.</li>\n <li>Pinterest TV: Pinterest wants to become the home for the next generation of creators and launched this initiative back in November. In a blend of entertainment and instant purchasing, this initiative has proved immensely successful elsewhere. Alibaba (BABA) first pioneered this concept back in 2016, and McKinseydubbedit the next wave of the e-commerce revolution. In conjunction with major events, such as Valentine's day, a Gen-Z celebrity could host an episode where products are on promotion, which has proven to drivestrong sales in China, while growing in other markets also.</li>\n</ul>\n<p>Innovation power remains strong with Pinterest, and new initiatives pop up that seem to have relevance in terms of deepening both retention and monetisation of the userbase by continuously adding relevant functionalities and new features.</p>\n<p>While MAU growth has undoubtedly seen disappointment, management continues to improve ARPU with very strong growth. There will be strong comps to beat in the next calendar year, with&nbsp;analyst consensus&nbsp;suggesting 26.5% revenue growth for 2022 and 30% for 2023. With a current P/S ratio of 9.5, this would result in a P/S ratio of 5.8 by end of FY2023. Given that management is very clear in saying that the shoppability of Pinterest is still in its early phase, I expect that revenue can expand significantly from here on, and having 450 million users on your books is no small feat.</p>\n<p><b>Closing Remarks</b></p>\n<p>I think the management team is doing many things right, especially in the sphere of product innovation, but I perceive the continued lack of real communication concerning outlook for MAU to be a fault. I accept the difficulty in doing so, but I strongly believe the share price is suffering as a result. Investors are left in the dark and consider uncertainty pure poison. However, that uncertainty also gives opportunity for those who are strong believers in the potential for Pinterest going forward.</p>\n<p>Pinterest went&nbsp;public back in 2019 at a $12.6 billion&nbsp;market cap upon having posted FY2018 revenue of $755 million. Today, the company is valued at a market cap of $24.4 billion while showing a TTM revenue of $2.44 billion, on track to cross $2.6 billion for FY2021 combined with significant growth in both MAU and ARPU since going public.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d3d59edce8dc2d7273e416d16c084eb\" tg-width=\"797\" tg-height=\"594\" referrerpolicy=\"no-referrer\"><span>Data byYCharts</span></p>\n<p>The company is generating strong cash flows from operations and sits on a balance sheet with $189 million in debt, holding $2.3 billion in cash, allowing management a lot of flexibility to continue the journey of driving ARPU as also seen by its recent&nbsp;Vochi acquisition.</p>\n<p>In my previous article, I tried to anchor the current valuation to Snap as somewhat comparable platforms, illustrating that Pinterest was suffering in comparison, I continue to hold that opinion as Snap trades at a forward P/S ratio of 19.5 in comparison to 9.5 for Pinterest. Not to say that Pinterest should be valued at a forward P/S ratio of 19.5, but that the company is trading at a very fair valuation seen from multiple angles, while also being a higher quality platform seen from my vantage point.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c27cb926b0d70998528bb3fab40ecf4\" tg-width=\"797\" tg-height=\"525\" referrerpolicy=\"no-referrer\"><span>Data byYCharts</span></p>\n<p>Pinterest currently trades almost 60% off its recent high and it should indeed trade far from its recent high given the MAU development, but as far as I see, Pinterest is in a much healthier place than back when it went public with stronger clarity for the ARPU outlook, but not with a valuation matching that picture. I continue to stay long Pinterest.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pinterest Could Be A Winner For 2022</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; 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}\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\">\nPinterest Could Be A Winner For 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-27 14:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4476803-pinterest-pins-potential-winner-2022><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDown 43% YTD and 58% off its recent high, Pinterest is severely beaten but on track to generate FY21 $2.6 billion in revenue with a fortress balance sheet.\nWent public at $12.3 billion market...</p>\n\n<a href=\"https://seekingalpha.com/article/4476803-pinterest-pins-potential-winner-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PINS":"Pinterest, Inc."},"source_url":"https://seekingalpha.com/article/4476803-pinterest-pins-potential-winner-2022","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1160732619","content_text":"Summary\n\nDown 43% YTD and 58% off its recent high, Pinterest is severely beaten but on track to generate FY21 $2.6 billion in revenue with a fortress balance sheet.\nWent public at $12.3 billion market cap, today trading at $24.4 billion despite revenue growing from $755 million to $2.6 billion with strong MAU and ARPU growth.\nMAU growth is currently disappointing and a sell-off warranted, but management continues to drive very strong ARPU growth, indicating a strong monetisation and retention outlook.\nPinterest continues to exhibit strong innovation power striving to increase shoppability of its platform.\nI believe Pinterest could be a potential winner for 2022 in terms of performance if sentiment clears, however, continued MAU uncertainty could bring more stock price pain.\n\nIntroduction\nI published an article concerning Pinterest(NYSE:PINS)just prior to the company releasing its Q3-2021 results, stating that MAUs (Monthly Active Users) would be the focal point, as growth has slowed dramatically, with particularly the US user base being a problem, as they are the main driver and contributor of revenue measured on a per user basis. The Q2-2021 results showed a -5% reduction Y/Y in its US user base and a total growth in MAU of 9% driven by 13% growth internationally, but with the international segment reporting a much lower revenue per user. I slapped a bullish rating on Pinterest at that point in time, but since then, the stock nosedived an additional 20%. Ouch!\nThat article covered the relevance of Pinterest, its strong financial performance, and potential runway ahead. That was just two months ago, so as a reader, you should consider this an extension of that article given that much has happened since then. This article will focus on diving into the numbers to give some perspective, with the significant headlines in recent months include:\n\nThe US userbase continues to contract (minus 10% Y/Y US MAU contraction Q3-2021)\nRumours concerning a potential PayPal (PYPL) takeover of Pinterest at $70 per share - potential deal failed\nContinuedinsider selling(Nine straight quarters of selling and no buying)\n\nPinterest belongs in the basket of high growth innovative tech stocks, where the valuation is typically high and the margin for error is slim if management wants to avoid being punished by the market. The two most important metrics published by the company are the MAU and ARPU (Average Revenue Per User). I don't personally believe the development is as poor as the stock price movement could indicate.\nQ3-2021 MAU & ARPU\nBefore going into the actual quarterly results, I've put together the development for both metrics since 2018 to exhibit the development as opposed to comparing to the Y/Y numerical development alone, which we will get to in a minute.\nAuthors own creation with data from quarterly earnings reports\nEvidently, the growth has come to a complete halt and stands in stark contrast to what investors could expect only a few quarters ago - quite dramatic taking the long-term development into consideration. Herein lies the reason for the negative 45% return YTD for the stock price with the growth having slowed down much quicker than anyone could have anticipated. Many, including myself, have been operating under the assumption that the Covid-19 growth gush would slow as it wasn't sustainable, but at this point in time, it seems more like it rammed into a brick wall.\nI do however believe, it is needed to put the development into context. If we rewind the clock to early 2020 during the onset of Covid-19, we can observe a significant upwards spike in MAUs that was never going to be sustainable. Spring of 2021 marked the return to an outdoor life reviving the competition for MAUs' spare time and attention that hadn't existed for an extended period. The same way the exceptional development during 2020 wasn't going to last, the same way I doubt that Pinterest is done growing.\nNaturally, management inserts an 'asterisk' whenever they touch the development of MAUs these days, simply saying that the evolution of Covid-19 and its impact on MAUs remain unknown, which is also a source of uncertainty for investors and a dangerous strategy if you ask me, but also that management believes growth opportunities remain intact. Within the Q3-2021 letter to shareholders, management had the following to say\n\n \"We believe the slowdown in growth in Q3 was due to the continued pandemic unwind in the U.S. and in international markets which caused weakness in our core at-home use cases, Gen Z returning back to school, and search algorithm changes… As lockdowns eased, people have embraced life outside their homes, a trend that caused a dramatic decline of our year-over-year growth rate of monthly active users (MAUs) in Q2 and Q3, as consumer preferences shifted away from our core at-home use cases. Looking beyond the COVID-19-driven volatility, our \n current view on the long-term opportunity to grow our user base, both in the US and globally, remains unchanged from what it was before the pandemic.\"\n\nDuring the earnings call, CEO Benjamin Silbermann also gave a response to a question concerning how management strives to re-attract those that had a one-time use during the pandemic for an individual project.\n\n \"…unlike more social service where you engage with it almost daily to talk to your friends, Pinterest is something that you might come in, use it for a product, a project and then you may pause. And historically, we've seen a lot of our users use it for a period of time and then come back…\"\n\nWithin this response, Silbermann also touches upon a significant difference between social media platforms like Instagram and Facebook(NASDAQ:FB)compared to Pinterest. Users visit IG or FB to look at people (friends, family, colleagues, celebrities, etc.), while they go to Pinterest for inspiration. Inspiration for the next DIY project, travel location, fashion trend, home décor, you name it, which also means that usage should be a bit lumpier. This underlines the thesis that the userbase spiked during the early periods of Covid-19 where we were all locked up and sought inspiration for new activities, DIY projects, etc.\nFurthermore, it also means that ads don't reduce the user experience to the same extent it does when browsing FB or IG. In that regard, Pinterest becomes a search-social hybrid. I think this is important to keep in mind, as it supports stronger monetisation of the userbase by the fact that viral or particularly popular themes or pins, should be able to drive strong revenue via value-adding ads. Discussing the concept of Pinterest with family and friends, the avid users always circle back to the convenience of being able to pick up the item you are spotting in a pin.\nThis also reveals itself in the composition of the userbase which has been leaning heavily towards the female audience, leaving a significant untapped potential within the male userbase which could add to Pinterest's grasp as time passes and it moves up the ranks of most used social platforms. I don't see why Pinterest shouldn't be able to drive strong engagement with the male audience as time passes.\n\nIn my previous article, I listed some of the interesting metrics that cause me to label Pinterest a higher quality social media platform than the famous peers such as IG or FB, I'll take the liberty to list them once more.\n\nPinterest is great for planning life moments. 85% of women use Pinterest to plan life moments compared to 44% for Instagram.\nIn the US, Pinterest can reach 83% of females aged between 35 - 54 years of age. This same audience accounts for 80% of the buying decisions in US homes.\n1 in 2 people make a purchase after seeing a promoted pin\n78% of users say content from brands is useful, including ads\nMillennials claim that Pinterest inspires them to make dreams a reality, more so than any other platform.\n90% of users agree that Pinterest is \"filled with positivity\" and the platform is doing its best to keep it that way.\n\nOf the points above, I personally find great value in learning that users find the platform inspirational and positive more so than the alternatives. Why? In a time of mindless scrolling, I, as a fellow millennial, am hearing more and more people share how they are tired of feeling conned by platforms that don't add value or positivity to the user experience. While it is a highly intangible statistic, I do find it speaks in favour of Pinterest's relevance and potential longevity.\nHowever, no matter the arguments, it inevitably talks into the immediately disappointing development for MAUs when comparing Y/Y, as visible from the Q3-2021 earnings presentation. If I were to try and find a bit of light in the darkness, it would be that despite the growth having come to a halt on Y/Y basis, if we compare 2Y/Y, then MAU is growing by 38%.\nWhile management believes there is still plenty of growth left and that I can identify interesting nuggets suggesting that there is more to Pinterest than meets the eye at this moment, I can't deny that MAUs is the fuel that drives the revenue of Pinterest which therefore also warrants a strong response from the investment community. Question, however, is if one can hold through the pain while allowing for the long-term thesis to unfold. Clearly, Pinterest strikes a chord with millions of people, and why shouldn't it continue to do so as it expands its reach.\nTo be very blunt, no investor, main street or Wall Street enjoys seeing the growth disappearing entirely, and if the current picture continues into the coming quarters, then we could expect more pain coming the way of the stock price and valuation.\nQ3-2021 earnings presentation, p. 4.\nARPU Development\nSpeaking of the revenue, let's have a look at how the ARPU has developed.\nAuthor's own creation with data from quarterly earnings reports\nDespite the lacklustre development within MAUs, ARPU kept growing strongly with an impressive 37% (44% for US and 81% Internationally). This speaks strongly in favour of how Pinterest is leveraging the level of engagement, especially in comparison to weak MAU numbers. Here is the key to profitability for Pinterest, and as such, it's immensely important to monitor and for management to keep growing. As seen with other platforms, monetisation is and will remain higher with the US audience compared to Europe or international on a broad spectrum, which is also why the negative MAU growth for US is such a problem in the eyes of many investors.\nQ3-2021 earnings presentation, p. 5.\nThere is significant difference underlying these numbers as ARPU for the US userbase is significantly higher at $5.55 per user compared to $0.38 for the International audience. The difference stems from a vast gap across geographies. Meta Platforms, the owner of Facebook, provides a more detailed breakdown, where the ARPU worldwide is $10.00 for Q3-2021 while the ARPU for US & Canada is $52.34, for Europe $16.5, Asia-Pacific $4.3, and Rest of World $3.14. Of that $10.00, $0.25 stems from 'other' while the $9.75 is advertising revenue, meaning that 97.5% of FB's ARPU is advertising.\nIn fact, if I present the exact same ARPU visualisation for Facebook to compare to Pinterest, we see a very different growth profile, but also one where we see the Covid-19 effects. Facebook has been more consistent, also speaking to the words of Silbermann, that users may not visit every day or week in the case of Pinterest.\nAuthor's own creation with data from quarterly earnings reports\nFacebook drives a much higher ARPU but is also a much more mature platform. It's tempting to draw a straight line between the numbers of FB and those of Pinterest, but whether Pinterest can reach anything remotely similar to those numbers remains to be known, but given the strong growth of its ARPU, it is evident that it's moving in the right direction, as especially the international ARPU came in an impressive 81% Y/Y.\nWhat will have to drive that continuous expansion for Pinterest is a mixture of innovation and relevance of the platform. They need to ensure Pinterest is \"shoppable\" for the users.\nAs investors we can't simply observe a company on a quarter-to-quarter basis, so we have to zoom out, and as every shareholder letter comes to light, I see management continue driving a concentrated effort in making the platform more shoppable. In my previous article, I briefly mentioned that Q2-2021 saw a massive expansion in the catalogue items and a focus on the mutually beneficial Shopify (SHOP)partnership where Shopify merchants can ensure placement of their products in front of the Pinterest audience. Concerning the shoppable journey, management had the following to say duringQ3-2021.\n\n \" \n Specifically, purchases often help make dreams come to life, so we've been working to make Pinterest more shoppable. Even though we've made progress over the past two years, we're still relatively early in this journey…We believe it became easier than ever to discover and shop for products on Pinterest during Q3. Overall product searches were up over 100% year over year, and searches on the Shop tab by Gen Z Pinners have increased over 200% year over year. Our new shopping list feature for boards is seeing traction, and our price drop notifications are opened at a high rate. Finally, we began testing a more seamless checkout experience in the US in Q4.\"\n\nOn top, management launched a series of new initiatives during the quarter:\n\nWatch Tab: A vertical video function similar to the one found in Snap. The functionality is meant to drive engagement and relevance for the user experience. Maybe an arena in which Pinterest has lacked in comparison to peers such as Snap(NYSE:SNAP)or Facebook, where video is already a strong feature, but which should also support ARPU growth.\nPinterest TV: Pinterest wants to become the home for the next generation of creators and launched this initiative back in November. In a blend of entertainment and instant purchasing, this initiative has proved immensely successful elsewhere. Alibaba (BABA) first pioneered this concept back in 2016, and McKinseydubbedit the next wave of the e-commerce revolution. In conjunction with major events, such as Valentine's day, a Gen-Z celebrity could host an episode where products are on promotion, which has proven to drivestrong sales in China, while growing in other markets also.\n\nInnovation power remains strong with Pinterest, and new initiatives pop up that seem to have relevance in terms of deepening both retention and monetisation of the userbase by continuously adding relevant functionalities and new features.\nWhile MAU growth has undoubtedly seen disappointment, management continues to improve ARPU with very strong growth. There will be strong comps to beat in the next calendar year, with analyst consensus suggesting 26.5% revenue growth for 2022 and 30% for 2023. With a current P/S ratio of 9.5, this would result in a P/S ratio of 5.8 by end of FY2023. Given that management is very clear in saying that the shoppability of Pinterest is still in its early phase, I expect that revenue can expand significantly from here on, and having 450 million users on your books is no small feat.\nClosing Remarks\nI think the management team is doing many things right, especially in the sphere of product innovation, but I perceive the continued lack of real communication concerning outlook for MAU to be a fault. I accept the difficulty in doing so, but I strongly believe the share price is suffering as a result. Investors are left in the dark and consider uncertainty pure poison. However, that uncertainty also gives opportunity for those who are strong believers in the potential for Pinterest going forward.\nPinterest went public back in 2019 at a $12.6 billion market cap upon having posted FY2018 revenue of $755 million. Today, the company is valued at a market cap of $24.4 billion while showing a TTM revenue of $2.44 billion, on track to cross $2.6 billion for FY2021 combined with significant growth in both MAU and ARPU since going public.\nData byYCharts\nThe company is generating strong cash flows from operations and sits on a balance sheet with $189 million in debt, holding $2.3 billion in cash, allowing management a lot of flexibility to continue the journey of driving ARPU as also seen by its recent Vochi acquisition.\nIn my previous article, I tried to anchor the current valuation to Snap as somewhat comparable platforms, illustrating that Pinterest was suffering in comparison, I continue to hold that opinion as Snap trades at a forward P/S ratio of 19.5 in comparison to 9.5 for Pinterest. Not to say that Pinterest should be valued at a forward P/S ratio of 19.5, but that the company is trading at a very fair valuation seen from multiple angles, while also being a higher quality platform seen from my vantage point.\nData byYCharts\nPinterest currently trades almost 60% off its recent high and it should indeed trade far from its recent high given the MAU development, but as far as I see, Pinterest is in a much healthier place than back when it went public with stronger clarity for the ARPU outlook, but not with a valuation matching that picture. I continue to stay long Pinterest.","news_type":1},"isVote":1,"tweetType":1,"viewCount":896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696319330,"gmtCreate":1640616775163,"gmtModify":1640616775235,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"I wonder why the drop is so drastic&nbsp;","listText":"I wonder why the drop is so drastic&nbsp;","text":"I wonder why the drop is so drastic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696319330","repostId":"1103486686","repostType":2,"repost":{"id":"1103486686","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":1640616531,"share":"https://www.laohu8.com/m/news/1103486686?lang=&edition=full","pubTime":"2021-12-27 22:48","market":"us","language":"en","title":"Novavax shares dropped 8% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1103486686","media":"Tiger Newspress","summary":"Novavax shares dropped 8% in morning trading.The stock fell 3.3% in the previous trading day.","content":"<p>Novavax shares dropped 8% in morning trading.The stock fell 3.3% in the previous trading day.</p>\n<p><img src=\"https://static.tigerbbs.com/d6627c5ec391aa02c9ec15dfc36c8f87\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></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>Novavax shares dropped 8% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNovavax shares dropped 8% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-27 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Novavax shares dropped 8% in morning trading.The stock fell 3.3% in the previous trading day.</p>\n<p><img src=\"https://static.tigerbbs.com/d6627c5ec391aa02c9ec15dfc36c8f87\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103486686","content_text":"Novavax shares dropped 8% in morning trading.The stock fell 3.3% in the previous trading day.","news_type":1},"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698886669,"gmtCreate":1640340401859,"gmtModify":1640340486165,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Sounds good&nbsp;","listText":"Sounds good&nbsp;","text":"Sounds good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698886669","repostId":"2193150149","repostType":2,"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698987360,"gmtCreate":1640276576341,"gmtModify":1640276576463,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Sounds good&nbsp;","listText":"Sounds good&nbsp;","text":"Sounds good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698987360","repostId":"1152565085","repostType":4,"repost":{"id":"1152565085","kind":"news","pubTimestamp":1640272176,"share":"https://www.laohu8.com/m/news/1152565085?lang=&edition=full","pubTime":"2021-12-23 23:09","market":"us","language":"en","title":"Intel to Expand in France, Germany and Italy in Comeback","url":"https://stock-news.laohu8.com/highlight/detail?id=1152565085","media":"Bloomberg","summary":"(Bloomberg) -- Intel Corp.’s global push to increase capacity will include adding facilities in Fran","content":"<p>(Bloomberg) -- Intel Corp.’s global push to increase capacity will include adding facilities in France and Italy, as well as putting a major production site in Germany, according to people familiar with negotiations.</p>\n<p>France will be home to a research and design center, and Italy will be the location of a test and assembly factory, according to the people, who asked not to be identified because the plan hasn’t been announced. The main wafer fabrication plant, or fab, will likely be built in Germany, according to the people. Altogether, the expansion will cost tens of billions of dollars.</p>\n<p>Chief Executive Officer Pat Gelsinger is trying to restore the world’s largest chipmaker to its former glory. The company has lost its technological edge to rivals and ceded market share -- something the spending binge is meant to address. Gelsinger also wants to bring more production back to the U.S. and Europe, counterbalancing Asia’s manufacturing dominance.</p>\n<p>Representatives of the French, German and Italian governments declined to comment, as did Intel spokespeople in Europe and the U.S.</p>\n<p>For Europe, the move would slow its decline as a manufacturing base in the $400 billion chip industry. The U.S. company has an existing plant in Ireland and there are older former Advanced Micro Devices Inc. processor factories that are owned by Globalfoundries Inc. in Dresden, Germany. But European manufacturers typically don’t make the kind of advanced logic chips that are regarded as the state of the art in the industry.</p>\n<p>NXP Semiconductors NV and STMicroelectronics NV are the continent’s two largest homegrown chipmakers. They focus on parts for cars and other equipment -- rather than the advanced computer processors that are Intel’s specialty.</p>\n<p>A global chip shortage also has renewed concerns about the concentration of production in Asia. Manufacturers such as Taiwan Semiconductor Manufacturing Co. and South Korea’s Samsung Electronics Co. have grown increasingly deft at producing chips, forcing Intel to play catch-up. Gelsinger has argued that spreading manufacturing around the world will help avoid the kinds of supply constraints that have hobbled whole industries this year, including automakers.</p>\n<p>Part of Gelsinger’s plan is to build factories that make chips for other companies, directly rivaling TSMC in the so-called foundry business. Until now, Intel has typically only manufactured chips of its own design.</p>\n<p>To help fund his ambitions, he’s called on lawmakers on both sides of the Atlantic to give public money in the form of tax breaks and grants to chipmakers willing to build plants in Europe and the U.S.</p>\n<p>By spreading around Intel’s spending, Gelsinger may be trying to placate as many EU members as he can to try to make sure that none of them try to object any central funding that’s made available. But the plans aren’t final yet. The mega-fab will likely be built in Saxony, with German regions of Saxony-Anhalt and Bavaria also in the running for the new factory.</p>\n<p>Intel’s ambitious new ventures could bring thousands of jobs. The company is also planning to create 4,000 jobs in Malaysia via a $7.1 billion investment in new chip packaging facilities.</p>\n<p>Intel’s shares increased 1.2% in early trading Thursday.</p>\n<p>Even with the potential government help, Intel is budgeting as much as $28 billion for new plants and equipment in 2022, up from roughly $18 billion this year. The spending plans have jarred investors, who worry about the toll on profit. But the massive increase in expenditures will only put Intel on course to keep up with TSMC and Samsung’s spending.</p>\n<p>Shares of Intel, based in Santa Clara, California, have gained just 2.3% this year -- even as its peers have enjoyed boom times. The Philadelphia Stock Exchange Semiconductor Index has climbed 39%, with companies such as Nvidia Corp. more than doubling.</p>\n<p>State-of-the art chip production plants cost more than $20 billion, and their most expensive component -- machinery -- is usually obsolete within five years. The German plant could have a price tag in that range. The Italian test and assembly plant, meanwhile, will cost around $10 billion. Intel and government officials there are still negotiating on the site, with Sicily being one area under consideration, according to one of the people familiar with the situation.</p>\n<p>The French R&amp;D center may be built in either Paris or Grenoble, according to another person. Such facilities typically cost only a fraction of the amount needed to build a factory.</p>","source":"lsy1612507957220","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>Intel to Expand in France, Germany and Italy in Comeback</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\">\nIntel to Expand in France, Germany and Italy in Comeback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-23 23:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/intel-expand-france-germany-italy-091904071.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Intel Corp.’s global push to increase capacity will include adding facilities in France and Italy, as well as putting a major production site in Germany, according to people familiar ...</p>\n\n<a href=\"https://finance.yahoo.com/news/intel-expand-france-germany-italy-091904071.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔"},"source_url":"https://finance.yahoo.com/news/intel-expand-france-germany-italy-091904071.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152565085","content_text":"(Bloomberg) -- Intel Corp.’s global push to increase capacity will include adding facilities in France and Italy, as well as putting a major production site in Germany, according to people familiar with negotiations.\nFrance will be home to a research and design center, and Italy will be the location of a test and assembly factory, according to the people, who asked not to be identified because the plan hasn’t been announced. The main wafer fabrication plant, or fab, will likely be built in Germany, according to the people. Altogether, the expansion will cost tens of billions of dollars.\nChief Executive Officer Pat Gelsinger is trying to restore the world’s largest chipmaker to its former glory. The company has lost its technological edge to rivals and ceded market share -- something the spending binge is meant to address. Gelsinger also wants to bring more production back to the U.S. and Europe, counterbalancing Asia’s manufacturing dominance.\nRepresentatives of the French, German and Italian governments declined to comment, as did Intel spokespeople in Europe and the U.S.\nFor Europe, the move would slow its decline as a manufacturing base in the $400 billion chip industry. The U.S. company has an existing plant in Ireland and there are older former Advanced Micro Devices Inc. processor factories that are owned by Globalfoundries Inc. in Dresden, Germany. But European manufacturers typically don’t make the kind of advanced logic chips that are regarded as the state of the art in the industry.\nNXP Semiconductors NV and STMicroelectronics NV are the continent’s two largest homegrown chipmakers. They focus on parts for cars and other equipment -- rather than the advanced computer processors that are Intel’s specialty.\nA global chip shortage also has renewed concerns about the concentration of production in Asia. Manufacturers such as Taiwan Semiconductor Manufacturing Co. and South Korea’s Samsung Electronics Co. have grown increasingly deft at producing chips, forcing Intel to play catch-up. Gelsinger has argued that spreading manufacturing around the world will help avoid the kinds of supply constraints that have hobbled whole industries this year, including automakers.\nPart of Gelsinger’s plan is to build factories that make chips for other companies, directly rivaling TSMC in the so-called foundry business. Until now, Intel has typically only manufactured chips of its own design.\nTo help fund his ambitions, he’s called on lawmakers on both sides of the Atlantic to give public money in the form of tax breaks and grants to chipmakers willing to build plants in Europe and the U.S.\nBy spreading around Intel’s spending, Gelsinger may be trying to placate as many EU members as he can to try to make sure that none of them try to object any central funding that’s made available. But the plans aren’t final yet. The mega-fab will likely be built in Saxony, with German regions of Saxony-Anhalt and Bavaria also in the running for the new factory.\nIntel’s ambitious new ventures could bring thousands of jobs. The company is also planning to create 4,000 jobs in Malaysia via a $7.1 billion investment in new chip packaging facilities.\nIntel’s shares increased 1.2% in early trading Thursday.\nEven with the potential government help, Intel is budgeting as much as $28 billion for new plants and equipment in 2022, up from roughly $18 billion this year. The spending plans have jarred investors, who worry about the toll on profit. But the massive increase in expenditures will only put Intel on course to keep up with TSMC and Samsung’s spending.\nShares of Intel, based in Santa Clara, California, have gained just 2.3% this year -- even as its peers have enjoyed boom times. The Philadelphia Stock Exchange Semiconductor Index has climbed 39%, with companies such as Nvidia Corp. more than doubling.\nState-of-the art chip production plants cost more than $20 billion, and their most expensive component -- machinery -- is usually obsolete within five years. The German plant could have a price tag in that range. The Italian test and assembly plant, meanwhile, will cost around $10 billion. Intel and government officials there are still negotiating on the site, with Sicily being one area under consideration, according to one of the people familiar with the situation.\nThe French R&D center may be built in either Paris or Grenoble, according to another person. Such facilities typically cost only a fraction of the amount needed to build a factory.","news_type":1},"isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698052546,"gmtCreate":1640268038386,"gmtModify":1640268038386,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Palantir can still rise","listText":"Palantir can still rise","text":"Palantir can still rise","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698052546","repostId":"2193146721","repostType":4,"repost":{"id":"2193146721","kind":"highlight","pubTimestamp":1640265900,"share":"https://www.laohu8.com/m/news/2193146721?lang=&edition=full","pubTime":"2021-12-23 21:25","market":"us","language":"en","title":"5 Red Flags for Palantir's Future","url":"https://stock-news.laohu8.com/highlight/detail?id=2193146721","media":"Motley Fool","summary":"The data mining firm's stock has dropped to a 52-week low for five reasons.","content":"<p>Last September, I bought a large position in <b>Palantir Technologies</b> (NYSE:PLTR)&nbsp;at just under $10 per share after it went public through a direct listing. The market's interest in the data mining firm was muted at first, but its stock skyrocketed to $45 per share during the Reddit-fueled rally in late January.</p>\n<p>I sold a third of my position at the time to take out my original investment, then held on to the rest as Palantir's stock tumbled back to the high teens. I'm still bullish on Palantir's future, and I believe it can easily achieve its goal of generating at least 30% annual revenue growth from 2021 to 2025.</p>\n<p>That being said, I think it's still important for bullish investors to recognize Palantir's weaknesses. So today, I'll take a look at five red flags that might limit Palantir's near-term gains.</p>\n<h2>1. All that red ink</h2>\n<p>Palantir generated $1.09 billion in revenue in 2020, but it posted a whopping net loss of $1.17 billion.</p>\n<p>In the first nine months of 2021, its revenue rose 44% year over year to $1.11 billion, while its net loss narrowed from $1.02 billion to $364 million. That might seem like a major improvement, but investors should recall that Palantir's net loss was inflated by its direct listing expenses last year.</p>\n<p>If we look back at Palantir's history, the company has actually never been profitable since its inception 18 years ago. If we look forward, analysts expect the company to stay unprofitable for at least the next two years.</p>\n<h2>2. The rise of RAVEn</h2>\n<p>Palantir generates just over half of its revenue from government contracts. In its SEC filings, the company says its long-term goal is to make Gotham, its data mining platform, which serves dozens of government agencies, the \"default operating system for data across the U.S. government.\"</p>\n<p>But earlier this year, a leaked government document revealed that Immigration and Customs Enforcement (ICE) wanted to replace FALCON, the agency's customized version of Gotham, with a new in-house platform called RAVEn. ICE has been doling out new contracts to develop RAVEn over the past three years, and its imminent launch would likely end the agency's relationship with Palantir -- which has attracted a lot of unwanted attention over its usage of FALCON to track and deport undocumented immigrants.</p>\n<p>If other government agencies follow ICE's lead and adopt RAVEn or develop their own in-house data mining platforms, Palantir's government-facing business -- which already reported decelerating revenue growth over the past two quarters -- could face an unprecedented slowdown.</p>\n<h2>3. Its ongoing stock dilution</h2>\n<p>Palantir's number of weighted-average shares rose 70% year over year at the end of 2020 following its direct listing. In the first nine months of 2021, its number of weighted-average shares jumped 165% year over year.</p>\n<p>Palantir's share count continues to rise because it relies heavily on its stock-based compensation (which consumed 55% of its revenue in the first nine months of 2021) to fund its operations in lieu of cash. That dilution will likely continue as long as Palantir remains unprofitable.</p>\n<h2>4. Its high valuation</h2>\n<p>That dilution will also prevent Palantir's high valuations from cooling off. With a market cap of $36 billion, Palantir is still valued at 24 times this year's sales. The bulls will argue that Palantir's target of generating more than 30% annual sales growth justifies that higher price-to-sales ratio, but it's easy to find stocks with comparable growth rates at lower valuations.</p>\n<p>For example, <b>C3.ai</b> (NYSE:AI), which provides AI algorithms to government and large enterprise customers, expects to generate 35%-36% sales growth this year -- but its stock trades at just 13 times that forecast.</p>\n<h2>5. Insiders are selling shares as its price declines</h2>\n<p>Over the past three months, Palantir's insiders sold 12.6 million shares while buying 11.8 million shares. That balance between sellers and buyers isn't too jarring, but Palantir's stock has also lost about a third of its value over the past three months, and is trading near its 52-week low.</p>\n<p>If a stock has dropped to a 52-week low, I'd like to see its insiders buy more shares than they're selling to consider it a potential turnaround play. Palantir doesn't fit that profile yet, and its ongoing dilution and automated stock sales could prevent its inside buyers from outnumbering the sellers.</p>\n<h2>Why I'm staying bullish on Palantir</h2>\n<p>Palantir faces a lot of challenges, and it could remain out of favor as inflation-related fears drive investors away from higher-growth tech stocks.</p>\n<p>But over the long term, I still expect Palantir to leverage its battle-hardened reputation to secure more government clients and expand its enterprise business. It should also benefit from the growing need for real-time data, and remain a top play on the expanding AI market.</p>\n<p>Therefore, investors who can stomach the near-term volatility should stick with Palantir. Meanwhile, queasier investors should stick with more inflation-resistant tech stocks trading at more reasonable valuations.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Red Flags for Palantir's Future</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 Red Flags for Palantir's Future\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-23 21:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/23/5-red-flags-for-palantirs-future/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last September, I bought a large position in Palantir Technologies (NYSE:PLTR) at just under $10 per share after it went public through a direct listing. The market's interest in the data mining firm ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/23/5-red-flags-for-palantirs-future/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://www.fool.com/investing/2021/12/23/5-red-flags-for-palantirs-future/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2193146721","content_text":"Last September, I bought a large position in Palantir Technologies (NYSE:PLTR) at just under $10 per share after it went public through a direct listing. The market's interest in the data mining firm was muted at first, but its stock skyrocketed to $45 per share during the Reddit-fueled rally in late January.\nI sold a third of my position at the time to take out my original investment, then held on to the rest as Palantir's stock tumbled back to the high teens. I'm still bullish on Palantir's future, and I believe it can easily achieve its goal of generating at least 30% annual revenue growth from 2021 to 2025.\nThat being said, I think it's still important for bullish investors to recognize Palantir's weaknesses. So today, I'll take a look at five red flags that might limit Palantir's near-term gains.\n1. All that red ink\nPalantir generated $1.09 billion in revenue in 2020, but it posted a whopping net loss of $1.17 billion.\nIn the first nine months of 2021, its revenue rose 44% year over year to $1.11 billion, while its net loss narrowed from $1.02 billion to $364 million. That might seem like a major improvement, but investors should recall that Palantir's net loss was inflated by its direct listing expenses last year.\nIf we look back at Palantir's history, the company has actually never been profitable since its inception 18 years ago. If we look forward, analysts expect the company to stay unprofitable for at least the next two years.\n2. The rise of RAVEn\nPalantir generates just over half of its revenue from government contracts. In its SEC filings, the company says its long-term goal is to make Gotham, its data mining platform, which serves dozens of government agencies, the \"default operating system for data across the U.S. government.\"\nBut earlier this year, a leaked government document revealed that Immigration and Customs Enforcement (ICE) wanted to replace FALCON, the agency's customized version of Gotham, with a new in-house platform called RAVEn. ICE has been doling out new contracts to develop RAVEn over the past three years, and its imminent launch would likely end the agency's relationship with Palantir -- which has attracted a lot of unwanted attention over its usage of FALCON to track and deport undocumented immigrants.\nIf other government agencies follow ICE's lead and adopt RAVEn or develop their own in-house data mining platforms, Palantir's government-facing business -- which already reported decelerating revenue growth over the past two quarters -- could face an unprecedented slowdown.\n3. Its ongoing stock dilution\nPalantir's number of weighted-average shares rose 70% year over year at the end of 2020 following its direct listing. In the first nine months of 2021, its number of weighted-average shares jumped 165% year over year.\nPalantir's share count continues to rise because it relies heavily on its stock-based compensation (which consumed 55% of its revenue in the first nine months of 2021) to fund its operations in lieu of cash. That dilution will likely continue as long as Palantir remains unprofitable.\n4. Its high valuation\nThat dilution will also prevent Palantir's high valuations from cooling off. With a market cap of $36 billion, Palantir is still valued at 24 times this year's sales. The bulls will argue that Palantir's target of generating more than 30% annual sales growth justifies that higher price-to-sales ratio, but it's easy to find stocks with comparable growth rates at lower valuations.\nFor example, C3.ai (NYSE:AI), which provides AI algorithms to government and large enterprise customers, expects to generate 35%-36% sales growth this year -- but its stock trades at just 13 times that forecast.\n5. Insiders are selling shares as its price declines\nOver the past three months, Palantir's insiders sold 12.6 million shares while buying 11.8 million shares. That balance between sellers and buyers isn't too jarring, but Palantir's stock has also lost about a third of its value over the past three months, and is trading near its 52-week low.\nIf a stock has dropped to a 52-week low, I'd like to see its insiders buy more shares than they're selling to consider it a potential turnaround play. Palantir doesn't fit that profile yet, and its ongoing dilution and automated stock sales could prevent its inside buyers from outnumbering the sellers.\nWhy I'm staying bullish on Palantir\nPalantir faces a lot of challenges, and it could remain out of favor as inflation-related fears drive investors away from higher-growth tech stocks.\nBut over the long term, I still expect Palantir to leverage its battle-hardened reputation to secure more government clients and expand its enterprise business. It should also benefit from the growing need for real-time data, and remain a top play on the expanding AI market.\nTherefore, investors who can stomach the near-term volatility should stick with Palantir. Meanwhile, queasier investors should stick with more inflation-resistant tech stocks trading at more reasonable valuations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699119852,"gmtCreate":1639755017509,"gmtModify":1639755017616,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Oh great but I just sold my shares yesterday 😭","listText":"Oh great but I just sold my shares yesterday 😭","text":"Oh great but I just sold my shares yesterday 😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699119852","repostId":"1155244596","repostType":2,"repost":{"id":"1155244596","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":1639752003,"share":"https://www.laohu8.com/m/news/1155244596?lang=&edition=full","pubTime":"2021-12-17 22:40","market":"us","language":"en","title":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list","url":"https://stock-news.laohu8.com/highlight/detail?id=1155244596","media":"Tiger Newspress","summary":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emerg","content":"<p>Novavax continued to jump nearly&nbsp;5% in morning trading as its vaccine had been included on the&nbsp;emergency use list.<img src=\"https://static.tigerbbs.com/6e0b5588f7377a98c70179cdc8612b3f\" tg-width=\"765\" tg-height=\"561\" width=\"100%\" height=\"auto\">The World Health Organization has included&nbsp;its&nbsp;vaccine NVX-CoV2373 on the emergency use list,and its&nbsp;original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.</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>Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list</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\">\nNovavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list\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\">2021-12-17 22:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Novavax continued to jump nearly&nbsp;5% in morning trading as its vaccine had been included on the&nbsp;emergency use list.<img src=\"https://static.tigerbbs.com/6e0b5588f7377a98c70179cdc8612b3f\" tg-width=\"765\" tg-height=\"561\" width=\"100%\" height=\"auto\">The World Health Organization has included&nbsp;its&nbsp;vaccine NVX-CoV2373 on the emergency use list,and its&nbsp;original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155244596","content_text":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list.The World Health Organization has included its vaccine NVX-CoV2373 on the emergency use list,and its original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1080,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4091891386414570","authorId":"4091891386414570","name":"Michane","avatar":"https://static.tigerbbs.com/e34d5ed60a80aa56ff9a8771c943602c","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4091891386414570","idStr":"4091891386414570"},"content":"Still got chance to get in. Next week they will be having a meeting & there'll be approvals coming from other countries as well","text":"Still got chance to get in. Next week they will be having a meeting & there'll be approvals coming from other countries as well","html":"Still got chance to get in. Next week they will be having a meeting & there'll be approvals coming from other countries as well"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699005390,"gmtCreate":1639717137851,"gmtModify":1639717551738,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Skyworks is depending on Apple heavily and If Apple has outsourcing it then its bad news for Skyworks&nbsp;","listText":"Skyworks is depending on Apple heavily and If Apple has outsourcing it then its bad news for Skyworks&nbsp;","text":"Skyworks is depending on Apple heavily and If Apple has outsourcing it then its bad news for Skyworks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699005390","repostId":"1156042491","repostType":2,"repost":{"id":"1156042491","kind":"news","pubTimestamp":1639708576,"share":"https://www.laohu8.com/m/news/1156042491?lang=&edition=full","pubTime":"2021-12-17 10:36","market":"us","language":"en","title":"Why AMD, Qualcomm, and Skyworks Stocks Crashed","url":"https://stock-news.laohu8.com/highlight/detail?id=1156042491","media":"Motley Fool","summary":"What happened\nIt's Thursday, and semiconductor stocks are in a funk. As of 4 p.m. ET, shares of Adva","content":"<p><b>What happened</b></p>\n<p>It's Thursday, and&nbsp;semiconductor&nbsp;stocks are in a funk. As of 4 p.m. ET, shares of&nbsp;<b>Advanced Micro Devices</b>(NASDAQ:AMD)have already lost 5.37%,&nbsp;<b>Qualcomm</b>(NASDAQ:QCOM)is down 5.88%, and&nbsp;<b>Skyworks Solutions</b>(NASDAQ:SWKS)is taking it particularly hard on the chin -- down 8.47%.</p>\n<p>I blame&nbsp;<b>Apple</b>&nbsp;for all of the above.</p>\n<p><b>So what</b></p>\n<p>Investors in chips stocks today have only a choice between bad short-term news and potentially worse long-term news, I fear. In the short term, the bad news is this:</p>\n<p>iPhone 13 smartphones are in short supply this holiday season, according to a report from an analyst at&nbsp;<b>KeyBanc Capital Markets</b>, relayed byThe Fly. Indeed, demand for the devices has outstripped supply since Thanksgiving. And despite reports that&nbsp;things had been getting better earlier this month&nbsp;as the delta COVID-19 pandemic switched over into an omicron COVID-19 pandemic, KeyBanc analyst John Vinh now observes that \"the majority of stores\" he has surveyed report not having&nbsp;<i>any</i>&nbsp;iPhone 13 Pro or Max phones in stock.</p>\n<p>Granted, he concludes that this news is ultimately only neutral for companies including AMD, Qualcomm, and Skyworks that supply chips for Apple devices -- but neutral isn't good. While suppliers can presumably charge Apple premium prices in a time of constrained chip supply, fewer iPhone sales still logically implies fewer chips being sold to build those Apple products.</p>\n<p><b>Now what</b></p>\n<p>At the same time, you have to figure that, at some point, Apple is going to get upset at its inability to obtain all the chips it wants. This, combined with the company's already-confirmed belief that it can&nbsp;design better chips itself&nbsp;than it can buy from third-party chipmakers, creates&nbsp;a longer-term risk&nbsp;of semiconductor companies losing Apple (and eventually, companies other than Apple) as dependable customers.</p>\n<p>In that regard, we note that Bloomberg is reporting today that Apple has begun hiring engineers skilled in building wireless communication chips, with the aim of \"eventually\" replacing suppliers&nbsp;<b>Broadcom</b>&nbsp;and Skyworks with wireless chips Apple designs in-house.</p>\n<p>Now, you might not think that bad news for Skyworks would necessarily affect companies like AMD and Qualcomm -- and today, Skyworks<i>is</i>in fact faring worse than the others. One reason: A decision by Apple to design its own wireless chips appears to be part of the same story that saw Apple oust&nbsp;<b>Intel</b>&nbsp;as its favored chip supplier&nbsp;last year.</p>\n<p>More and more frequently, it appears that Apple -- and eventually other companies -- may be deciding that it's better to design their chips in-house than buy off the shelf. Long term, that's a threat to all dedicated semiconductor companies.</p>\n<p>And it's why pretty much everyone associated with the chip industry&nbsp;is going down.</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>Why AMD, Qualcomm, and Skyworks Stocks Crashed</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 AMD, Qualcomm, and Skyworks Stocks Crashed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-17 10:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/16/why-amd-qualcomm-and-skyworks-stocks-just-crashed/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nIt's Thursday, and semiconductor stocks are in a funk. As of 4 p.m. ET, shares of Advanced Micro Devices(NASDAQ:AMD)have already lost 5.37%, Qualcomm(NASDAQ:QCOM)is down 5.88%, and ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/16/why-amd-qualcomm-and-skyworks-stocks-just-crashed/\">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","QCOM":"高通","AMD":"美国超微公司"},"source_url":"https://www.fool.com/investing/2021/12/16/why-amd-qualcomm-and-skyworks-stocks-just-crashed/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156042491","content_text":"What happened\nIt's Thursday, and semiconductor stocks are in a funk. As of 4 p.m. ET, shares of Advanced Micro Devices(NASDAQ:AMD)have already lost 5.37%, Qualcomm(NASDAQ:QCOM)is down 5.88%, and Skyworks Solutions(NASDAQ:SWKS)is taking it particularly hard on the chin -- down 8.47%.\nI blame Apple for all of the above.\nSo what\nInvestors in chips stocks today have only a choice between bad short-term news and potentially worse long-term news, I fear. In the short term, the bad news is this:\niPhone 13 smartphones are in short supply this holiday season, according to a report from an analyst at KeyBanc Capital Markets, relayed byThe Fly. Indeed, demand for the devices has outstripped supply since Thanksgiving. And despite reports that things had been getting better earlier this month as the delta COVID-19 pandemic switched over into an omicron COVID-19 pandemic, KeyBanc analyst John Vinh now observes that \"the majority of stores\" he has surveyed report not having any iPhone 13 Pro or Max phones in stock.\nGranted, he concludes that this news is ultimately only neutral for companies including AMD, Qualcomm, and Skyworks that supply chips for Apple devices -- but neutral isn't good. While suppliers can presumably charge Apple premium prices in a time of constrained chip supply, fewer iPhone sales still logically implies fewer chips being sold to build those Apple products.\nNow what\nAt the same time, you have to figure that, at some point, Apple is going to get upset at its inability to obtain all the chips it wants. This, combined with the company's already-confirmed belief that it can design better chips itself than it can buy from third-party chipmakers, creates a longer-term risk of semiconductor companies losing Apple (and eventually, companies other than Apple) as dependable customers.\nIn that regard, we note that Bloomberg is reporting today that Apple has begun hiring engineers skilled in building wireless communication chips, with the aim of \"eventually\" replacing suppliers Broadcom and Skyworks with wireless chips Apple designs in-house.\nNow, you might not think that bad news for Skyworks would necessarily affect companies like AMD and Qualcomm -- and today, Skyworksisin fact faring worse than the others. One reason: A decision by Apple to design its own wireless chips appears to be part of the same story that saw Apple oust Intel as its favored chip supplier last year.\nMore and more frequently, it appears that Apple -- and eventually other companies -- may be deciding that it's better to design their chips in-house than buy off the shelf. Long term, that's a threat to all dedicated semiconductor companies.\nAnd it's why pretty much everyone associated with the chip industry is going down.","news_type":1},"isVote":1,"tweetType":1,"viewCount":971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690334570,"gmtCreate":1639632331095,"gmtModify":1639632443263,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Good article&nbsp;","listText":"Good article&nbsp;","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690334570","repostId":"2191399540","repostType":2,"repost":{"id":"2191399540","kind":"highlight","pubTimestamp":1639624268,"share":"https://www.laohu8.com/m/news/2191399540?lang=&edition=full","pubTime":"2021-12-16 11:11","market":"us","language":"en","title":"After a dazzling 2021, Apple and Tesla stocks are expected to be duds in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2191399540","media":"MarketWatch","summary":"Here’s the outlook for the 25 stocks that have contributed more than half of the S&P 500 index’s gai","content":"<p>Here’s the outlook for the 25 stocks that have contributed more than half of the S&amp;P 500 index’s gain this year</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7f9d26b6e333f1a0e3ef46a61239eb7\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"><span>Shares of Apple have returned 32% this year, while Tesla has risen 36%. Getty Images</span></p>\n<p>A report from Goldman Sachs shows how much of investors’ money is concentrated in only five high-flying stocks. And a screen of the biggest contributors to this year’s excellent performance for the S&amp;P 500 index highlights two that are expected not to perform well in 2022: Apple and Tesla.</p>\n<p>Just five stocks — Microsoft Corp.,Alphabet Inc.,Apple Inc.,Nvidia Corp.&nbsp;and Tesla Inc.&nbsp;— contributed over a third of the S&amp;P 500 Index’s&nbsp;26% total return for 2021 through Dec. 9, according to analysts at Goldman. And from the end of April through Dec. 9, they contributed 51% of the index’s 13% return.</p>\n<p>Moreover, only 25 stocks accounted for 58% of the index’s gains, including reinvested dividends, through Dec. 9, Goldman said. Its list of those stocks is below, along with screens of Wall Street analysts’ expectations for the group as we look ahead to 2022 and 2023.</p>\n<p>The analysts, led by David Kostin, pointed out that “market breadth has narrowed substantially” over the past several months. In other words, investors have concentrated more of their money (and risk) in the largest tech companies, by market capitalization.</p>\n<p>That said, the Goldman analysts continue to recommend that long-term investors “own high-growth, high-margin stocks.”</p>\n<p><b>Digging into the 25 biggest contributors to the S&amp;P 500’s returns this year</b></p>\n<p>This list shows each of the 25 stocks and their “contributions” to the gains, expressed in basis points. (A basis point is one 100th of a percent. ) The table also includes pricing information — closing prices as of Dec. 14 with declines from 52-week highs and the dates of those highs.</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>Ticker</b></td>\n   <td><b>Total return – 2021 through Dec. 9</b></td>\n   <td><b>Contribution to S&amp;P 500’s return for 2021 through Dec. 9 (basis points)</b></td>\n   <td><b>Closing Price – 12/14/21</b></td>\n   <td><b>Decline from 52-week high</b></td>\n   <td><b>Date of 52-week high</b></td>\n  </tr>\n  <tr>\n   <td>Microsoft Corp.</td>\n   <td>MSFT</td>\n   <td>51%</td>\n   <td>271</td>\n   <td>$328.34</td>\n   <td>-6.1%</td>\n   <td>11/22/2021</td>\n  </tr>\n  <tr>\n   <td>Alphabet Inc. Class A</td>\n   <td>GOOGL</td>\n   <td>68%</td>\n   <td>224</td>\n   <td>$2,878.14</td>\n   <td>-4.7%</td>\n   <td>11/19/2021</td>\n  </tr>\n  <tr>\n   <td>Apple Inc.</td>\n   <td>AAPL</td>\n   <td>32%</td>\n   <td>217</td>\n   <td>$174.33</td>\n   <td>-4.3%</td>\n   <td>12/13/2021</td>\n  </tr>\n  <tr>\n   <td>Nvidia Corp.</td>\n   <td>NVDA</td>\n   <td>134%</td>\n   <td>137</td>\n   <td>$283.37</td>\n   <td>-18.2%</td>\n   <td>11/22/2021</td>\n  </tr>\n  <tr>\n   <td>Tesla Inc.</td>\n   <td>TSLA</td>\n   <td>42%</td>\n   <td>71</td>\n   <td>$958.51</td>\n   <td>-22.9%</td>\n   <td>11/04/2021</td>\n  </tr>\n  <tr>\n   <td>Home Depot Inc.</td>\n   <td>HD</td>\n   <td>58%</td>\n   <td>52</td>\n   <td>$402.20</td>\n   <td>-4.4%</td>\n   <td>12/06/2021</td>\n  </tr>\n  <tr>\n   <td>Meta Platforms Inc. Class A</td>\n   <td>FB</td>\n   <td>21%</td>\n   <td>43</td>\n   <td>$333.74</td>\n   <td>-13.2%</td>\n   <td>09/01/2021</td>\n  </tr>\n  <tr>\n   <td>UnitedHealth Group Inc.</td>\n   <td>UNH</td>\n   <td>37%</td>\n   <td>39</td>\n   <td>$479.46</td>\n   <td>-0.7%</td>\n   <td>12/14/2021</td>\n  </tr>\n  <tr>\n   <td>Bank of America Corp</td>\n   <td>BAC</td>\n   <td>50%</td>\n   <td>36</td>\n   <td>$44.13</td>\n   <td>-9.4%</td>\n   <td>11/03/2021</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase &amp; Co.</td>\n   <td>JPM</td>\n   <td>29%</td>\n   <td>36</td>\n   <td>$159.13</td>\n   <td>-8.0%</td>\n   <td>10/25/2021</td>\n  </tr>\n  <tr>\n   <td>Exxon Mobil Corp.</td>\n   <td>XOM</td>\n   <td>61%</td>\n   <td>34</td>\n   <td>$61.54</td>\n   <td>-7.3%</td>\n   <td>11/08/2021</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway Inc. Class B</td>\n   <td>BRK</td>\n   <td>23%</td>\n   <td>32</td>\n   <td>$295.03</td>\n   <td>-0.5%</td>\n   <td>12/14/2021</td>\n  </tr>\n  <tr>\n   <td>Amazon.com Inc.</td>\n   <td>AMZN</td>\n   <td>7%</td>\n   <td>31</td>\n   <td>$3,381.83</td>\n   <td>-10.4%</td>\n   <td>07/13/2021</td>\n  </tr>\n  <tr>\n   <td>Pfizer Inc.</td>\n   <td>PFE</td>\n   <td>47%</td>\n   <td>30</td>\n   <td>$55.54</td>\n   <td>-0.7%</td>\n   <td>12/14/2021</td>\n  </tr>\n  <tr>\n   <td>Wells Fargo &amp; Co.</td>\n   <td>WFC</td>\n   <td>67%</td>\n   <td>26</td>\n   <td>$48.89</td>\n   <td>-7.0%</td>\n   <td>11/03/2021</td>\n  </tr>\n  <tr>\n   <td>Chevron Corp.</td>\n   <td>CVX</td>\n   <td>47%</td>\n   <td>24</td>\n   <td>$116.22</td>\n   <td>-2.5%</td>\n   <td>12/08/2021</td>\n  </tr>\n  <tr>\n   <td>Intuit Inc.</td>\n   <td>INTU</td>\n   <td>76%</td>\n   <td>24</td>\n   <td>$639.48</td>\n   <td>-10.8%</td>\n   <td>11/19/2021</td>\n  </tr>\n  <tr>\n   <td>Lowe’s Companies Inc.</td>\n   <td><a href=\"https://www.marketwatch.com/investing/stock/LOW?mod=MW_story_quote\" target=\"_blank\">LOW</a></td>\n   <td>63%</td>\n   <td>23</td>\n   <td>$252.46</td>\n   <td>-4.1%</td>\n   <td>12/13/2021</td>\n  </tr>\n  <tr>\n   <td>Accenture Plc Class A</td>\n   <td>ACN</td>\n   <td>44%</td>\n   <td>23</td>\n   <td>$369.73</td>\n   <td>-3.0%</td>\n   <td>12/13/2021</td>\n  </tr>\n  <tr>\n   <td>Thermo Fisher Scientific Inc.</td>\n   <td>TMO</td>\n   <td>37%</td>\n   <td>22</td>\n   <td>$632.11</td>\n   <td>-5.2%</td>\n   <td>11/26/2021</td>\n  </tr>\n  <tr>\n   <td>Costco Wholesale Corp.</td>\n   <td>COST</td>\n   <td>40%</td>\n   <td>21</td>\n   <td>$545.34</td>\n   <td>-2.8%</td>\n   <td>12/10/2021</td>\n  </tr>\n  <tr>\n   <td>Broadcom Inc.</td>\n   <td>AVGO</td>\n   <td>36%</td>\n   <td>20</td>\n   <td>$614.91</td>\n   <td>-4.6%</td>\n   <td>12/10/2021</td>\n  </tr>\n  <tr>\n   <td>Adobe Inc.</td>\n   <td>ADBE</td>\n   <td>26%</td>\n   <td>20</td>\n   <td>$614.86</td>\n   <td>-12.1%</td>\n   <td>11/22/2021</td>\n  </tr>\n  <tr>\n   <td>Danaher Corp.</td>\n   <td>DHR</td>\n   <td>44%</td>\n   <td>20</td>\n   <td>$307.70</td>\n   <td>-7.9%</td>\n   <td>09/10/2021</td>\n  </tr>\n  <tr>\n   <td>Eli Lilly and Co.</td>\n   <td>LLY</td>\n   <td>46%</td>\n   <td>19</td>\n   <td>$249.38</td>\n   <td>-9.6%</td>\n   <td>08/17/2021</td>\n  </tr>\n </tbody>\n</table>\n<p>Sources: Goldman Sachs, FactSet</p>\n<table>\n <tbody></tbody>\n</table>\n<p>We included the declines from 52-week highs through Dec. 14 to illustrate how volatile the stocks of rapidly growing tech giants can be. Shares of Nvidia, for example, were down 18% from the high reached Nov. 22. Tesla has tumbled into bear-market territory three times in 2021 and is down 23% from its high reached Nov. 4.</p>\n<p>Leaving the list in the same order, here are consensus estimates among analysts polled by FactSet for sales (in millions of dollars) for calendar years through 2023, with projected compound annual growth rates (CAGR):</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>Ticker</b></td>\n   <td><b>Estimated revenue – 2021</b></td>\n   <td><b>Estimated revenue – 2022</b></td>\n   <td><b>Estimated revenue – 2023</b></td>\n   <td><b>Two-year estimated sales CAGR</b></td>\n  </tr>\n  <tr>\n   <td>Microsoft Corp.</td>\n   <td>MSFT</td>\n   <td>$182,593</td>\n   <td>$210,753</td>\n   <td>$240,396</td>\n   <td>14.7%</td>\n  </tr>\n  <tr>\n   <td>Alphabet Inc. Class A</td>\n   <td>GOOGL</td>\n   <td>$254,060</td>\n   <td>$296,677</td>\n   <td>$341,671</td>\n   <td>16.0%</td>\n  </tr>\n  <tr>\n   <td>Apple Inc.</td>\n   <td>AAPL</td>\n   <td>$369,729</td>\n   <td>$389,037</td>\n   <td>$413,789</td>\n   <td>5.8%</td>\n  </tr>\n  <tr>\n   <td>Nvidia Corp.</td>\n   <td>NVDA</td>\n   <td>$25,754</td>\n   <td>$31,175</td>\n   <td>$36,380</td>\n   <td>18.9%</td>\n  </tr>\n  <tr>\n   <td>Tesla Inc.</td>\n   <td>TSLA</td>\n   <td>$51,678</td>\n   <td>$73,183</td>\n   <td>$89,639</td>\n   <td>31.7%</td>\n  </tr>\n  <tr>\n   <td>Home Depot Inc.</td>\n   <td>HD</td>\n   <td>$148,615</td>\n   <td>$153,285</td>\n   <td>$158,252</td>\n   <td>3.2%</td>\n  </tr>\n  <tr>\n   <td>Meta Platforms Inc. Class A</td>\n   <td>FB</td>\n   <td>$117,569</td>\n   <td>$139,805</td>\n   <td>$164,737</td>\n   <td>18.4%</td>\n  </tr>\n  <tr>\n   <td>UnitedHealth Group Inc.</td>\n   <td>UNH</td>\n   <td>$286,410</td>\n   <td>$316,412</td>\n   <td>$342,740</td>\n   <td>9.4%</td>\n  </tr>\n  <tr>\n   <td>Bank of America Corp</td>\n   <td>BAC</td>\n   <td>$89,268</td>\n   <td>$93,591</td>\n   <td>$99,180</td>\n   <td>5.4%</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase &amp; Co.</td>\n   <td>JPM</td>\n   <td>$123,128</td>\n   <td>$123,405</td>\n   <td>$130,270</td>\n   <td>2.9%</td>\n  </tr>\n  <tr>\n   <td>Exxon Mobil Corp.</td>\n   <td>XOM</td>\n   <td>$294,130</td>\n   <td>$308,304</td>\n   <td>$292,830</td>\n   <td>-0.2%</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway Inc. Class B</td>\n   <td>BRK</td>\n   <td>$294,667</td>\n   <td>$294,894</td>\n   <td>$309,287</td>\n   <td>2.5%</td>\n  </tr>\n  <tr>\n   <td>Amazon.com Inc.</td>\n   <td>AMZN</td>\n   <td>$470,607</td>\n   <td>$553,097</td>\n   <td>$649,246</td>\n   <td>17.5%</td>\n  </tr>\n  <tr>\n   <td>Pfizer Inc.</td>\n   <td>PFE</td>\n   <td>$81,333</td>\n   <td>$92,070</td>\n   <td>$72,748</td>\n   <td>-5.4%</td>\n  </tr>\n  <tr>\n   <td>Wells Fargo &amp; Co.</td>\n   <td>WFC</td>\n   <td>$76,024</td>\n   <td>$72,048</td>\n   <td>$75,462</td>\n   <td>-0.4%</td>\n  </tr>\n  <tr>\n   <td>Chevron Corp.</td>\n   <td>CVX</td>\n   <td>$155,748</td>\n   <td>$168,114</td>\n   <td>$159,898</td>\n   <td>1.3%</td>\n  </tr>\n  <tr>\n   <td>Intuit Inc.</td>\n   <td>INTU</td>\n   <td>$10,714</td>\n   <td>$12,980</td>\n   <td>$14,881</td>\n   <td>17.9%</td>\n  </tr>\n  <tr>\n   <td>Lowe’s Companies Inc.</td>\n   <td>LOW</td>\n   <td>$95,152</td>\n   <td>$97,459</td>\n   <td>$100,080</td>\n   <td>2.6%</td>\n  </tr>\n  <tr>\n   <td>Accenture Plc Class A</td>\n   <td>ACN</td>\n   <td>$52,819</td>\n   <td>$58,906</td>\n   <td>$63,622</td>\n   <td>9.8%</td>\n  </tr>\n  <tr>\n   <td>Thermo Fisher Scientific Inc.</td>\n   <td>TMO</td>\n   <td>$37,210</td>\n   <td>$39,493</td>\n   <td>$42,053</td>\n   <td>6.3%</td>\n  </tr>\n  <tr>\n   <td>Costco Wholesale Corp.</td>\n   <td>COST</td>\n   <td>$203,027</td>\n   <td>$222,877</td>\n   <td>$238,794</td>\n   <td>8.5%</td>\n  </tr>\n  <tr>\n   <td>Broadcom Inc.</td>\n   <td>AVGO</td>\n   <td>$27,976</td>\n   <td>$30,877</td>\n   <td>$32,521</td>\n   <td>7.8%</td>\n  </tr>\n  <tr>\n   <td>Adobe Inc.</td>\n   <td>ADBE</td>\n   <td>$15,957</td>\n   <td>$18,393</td>\n   <td>$21,000</td>\n   <td>14.7%</td>\n  </tr>\n  <tr>\n   <td>Danaher Corp.</td>\n   <td>DHR</td>\n   <td>$29,116</td>\n   <td>$30,792</td>\n   <td>$32,437</td>\n   <td>5.5%</td>\n  </tr>\n  <tr>\n   <td>Eli Lilly and Co.</td>\n   <td>LLY</td>\n   <td>$27,601</td>\n   <td>$27,774</td>\n   <td>$30,366</td>\n   <td>4.9%</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: FactSet</p>\n<p>Here’s another look ahead, this time at earnings-per-share estimates</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>Ticker</b></td>\n   <td><b>Estimated EPS – 2021</b></td>\n   <td><b>Estimated EPS – 2022</b></td>\n   <td><b>Estimated EPS – 2023</b></td>\n   <td><b>Two-year estimated EPS CAGR</b></td>\n  </tr>\n  <tr>\n   <td>Microsoft Corp.</td>\n   <td>MSFT</td>\n   <td>$8.60</td>\n   <td>$9.85</td>\n   <td>$11.44</td>\n   <td>15.3%</td>\n  </tr>\n  <tr>\n   <td>Alphabet Inc. Class A</td>\n   <td>GOOGL</td>\n   <td>$108.65</td>\n   <td>$113.97</td>\n   <td>$130.48</td>\n   <td>9.6%</td>\n  </tr>\n  <tr>\n   <td>Apple Inc.</td>\n   <td>AAPL</td>\n   <td>$5.64</td>\n   <td>$5.85</td>\n   <td>$6.27</td>\n   <td>5.4%</td>\n  </tr>\n  <tr>\n   <td>Nvidia Corp.</td>\n   <td>NVDA</td>\n   <td>$4.18</td>\n   <td>$5.08</td>\n   <td>$6.15</td>\n   <td>21.3%</td>\n  </tr>\n  <tr>\n   <td>Tesla Inc.</td>\n   <td>TSLA</td>\n   <td>$5.99</td>\n   <td>$8.64</td>\n   <td>$11.46</td>\n   <td>38.3%</td>\n  </tr>\n  <tr>\n   <td>Home Depot Inc.</td>\n   <td>HD</td>\n   <td>$15.17</td>\n   <td>$16.13</td>\n   <td>$17.30</td>\n   <td>6.8%</td>\n  </tr>\n  <tr>\n   <td>Meta Platforms Inc. Class A</td>\n   <td>FB</td>\n   <td>$13.94</td>\n   <td>$14.24</td>\n   <td>$16.94</td>\n   <td>10.3%</td>\n  </tr>\n  <tr>\n   <td>UnitedHealth Group Inc.</td>\n   <td>UNH</td>\n   <td>$18.84</td>\n   <td>$21.63</td>\n   <td>$24.58</td>\n   <td>14.2%</td>\n  </tr>\n  <tr>\n   <td>Bank of America Corp</td>\n   <td>BAC</td>\n   <td>$3.52</td>\n   <td>$3.19</td>\n   <td>$3.63</td>\n   <td>1.5%</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase &amp; Co.</td>\n   <td>JPM</td>\n   <td>$14.98</td>\n   <td>$12.03</td>\n   <td>$13.23</td>\n   <td>-6.0%</td>\n  </tr>\n  <tr>\n   <td>Exxon Mobil Corp.</td>\n   <td>XOM</td>\n   <td>$5.03</td>\n   <td>$5.79</td>\n   <td>$5.59</td>\n   <td>5.4%</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway Inc. Class B</td>\n   <td>BRK</td>\n   <td>$11.65</td>\n   <td>$12.63</td>\n   <td>$14.13</td>\n   <td>10.1%</td>\n  </tr>\n  <tr>\n   <td>Amazon.com Inc.</td>\n   <td>AMZN</td>\n   <td>$41.31</td>\n   <td>$51.54</td>\n   <td>$76.68</td>\n   <td>36.2%</td>\n  </tr>\n  <tr>\n   <td>Pfizer Inc.</td>\n   <td>PFE</td>\n   <td>$4.19</td>\n   <td>$5.75</td>\n   <td>$4.87</td>\n   <td>7.8%</td>\n  </tr>\n  <tr>\n   <td>Wells Fargo &amp; Co.</td>\n   <td>WFC</td>\n   <td>$4.63</td>\n   <td>$3.72</td>\n   <td>$4.41</td>\n   <td>-2.4%</td>\n  </tr>\n  <tr>\n   <td>Chevron Corp.</td>\n   <td>CVX</td>\n   <td>$8.36</td>\n   <td>$9.42</td>\n   <td>$8.78</td>\n   <td>2.5%</td>\n  </tr>\n  <tr>\n   <td>Intuit Inc.</td>\n   <td>INTU</td>\n   <td>$10.56</td>\n   <td>$12.51</td>\n   <td>$14.70</td>\n   <td>18.0%</td>\n  </tr>\n  <tr>\n   <td>Lowe’s Companies Inc.</td>\n   <td>LOW</td>\n   <td>$11.71</td>\n   <td>$12.86</td>\n   <td>$14.40</td>\n   <td>10.9%</td>\n  </tr>\n  <tr>\n   <td>Accenture Plc Class A</td>\n   <td>ACN</td>\n   <td>$9.25</td>\n   <td>$10.48</td>\n   <td>$11.59</td>\n   <td>11.9%</td>\n  </tr>\n  <tr>\n   <td>Thermo Fisher Scientific Inc.</td>\n   <td>TMO</td>\n   <td>$23.45</td>\n   <td>$21.17</td>\n   <td>$23.34</td>\n   <td>-0.2%</td>\n  </tr>\n  <tr>\n   <td>Costco Wholesale Corp.</td>\n   <td>COST</td>\n   <td>$11.63</td>\n   <td>$13.06</td>\n   <td>$14.33</td>\n   <td>11.0%</td>\n  </tr>\n  <tr>\n   <td>Broadcom Inc.</td>\n   <td>AVGO</td>\n   <td>$28.83</td>\n   <td>$33.53</td>\n   <td>$36.69</td>\n   <td>12.8%</td>\n  </tr>\n  <tr>\n   <td>Adobe Inc.</td>\n   <td>ADBE</td>\n   <td>$12.63</td>\n   <td>$14.47</td>\n   <td>$16.88</td>\n   <td>15.6%</td>\n  </tr>\n  <tr>\n   <td>Danaher Corp.</td>\n   <td>DHR</td>\n   <td>$9.82</td>\n   <td>$10.16</td>\n   <td>$10.72</td>\n   <td>4.5%</td>\n  </tr>\n  <tr>\n   <td>Eli Lilly and Co.</td>\n   <td>LLY</td>\n   <td>$8.02</td>\n   <td>$8.13</td>\n   <td>$9.71</td>\n   <td>10.1%</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: FactSet</p>\n<p>Here’s a summary of Wall Street analysts’ opinions about the stocks:</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>Ticker</b></td>\n   <td><b>Share “buy” ratings</b></td>\n   <td><b>Share neutral ratings</b></td>\n   <td><b>Share “sell” ratings</b></td>\n   <td><b>Closing price – 12/14/21</b></td>\n   <td><b>Consensus price target</b></td>\n   <td><b>Implied 12-month upside potential</b></td>\n  </tr>\n  <tr>\n   <td>Microsoft Corp.</td>\n   <td>MSFT</td>\n   <td>90%</td>\n   <td>10%</td>\n   <td>0%</td>\n   <td>$328.34</td>\n   <td>$366.41</td>\n   <td>12%</td>\n  </tr>\n  <tr>\n   <td>Alphabet Inc. Class A</td>\n   <td>GOOGL</td>\n   <td>94%</td>\n   <td>6%</td>\n   <td>0%</td>\n   <td>$2,878.14</td>\n   <td>$3,333.70</td>\n   <td>16%</td>\n  </tr>\n  <tr>\n   <td>Apple Inc.</td>\n   <td>AAPL</td>\n   <td>79%</td>\n   <td>19%</td>\n   <td>2%</td>\n   <td>$174.33</td>\n   <td>$174.35</td>\n   <td>0%</td>\n  </tr>\n  <tr>\n   <td>Nvidia Corp.</td>\n   <td>NVDA</td>\n   <td>81%</td>\n   <td>12%</td>\n   <td>7%</td>\n   <td>$283.37</td>\n   <td>$341.51</td>\n   <td>21%</td>\n  </tr>\n  <tr>\n   <td>Tesla Inc.</td>\n   <td>TSLA</td>\n   <td>43%</td>\n   <td>30%</td>\n   <td>28%</td>\n   <td>$958.51</td>\n   <td>$860.35</td>\n   <td>-10%</td>\n  </tr>\n  <tr>\n   <td>Home Depot Inc.</td>\n   <td>HD</td>\n   <td>65%</td>\n   <td>32%</td>\n   <td>3%</td>\n   <td>$402.20</td>\n   <td>$417.16</td>\n   <td>4%</td>\n  </tr>\n  <tr>\n   <td>Meta Platforms Inc. Class A</td>\n   <td>FB</td>\n   <td>76%</td>\n   <td>22%</td>\n   <td>2%</td>\n   <td>$333.74</td>\n   <td>$398.32</td>\n   <td>19%</td>\n  </tr>\n  <tr>\n   <td>UnitedHealth Group Inc.</td>\n   <td>UNH</td>\n   <td>85%</td>\n   <td>11%</td>\n   <td>4%</td>\n   <td>$479.46</td>\n   <td>$490.88</td>\n   <td>2%</td>\n  </tr>\n  <tr>\n   <td>Bank of America Corp</td>\n   <td>BAC</td>\n   <td>64%</td>\n   <td>25%</td>\n   <td>11%</td>\n   <td>$44.13</td>\n   <td>$49.83</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase &amp; Co.</td>\n   <td>JPM</td>\n   <td>61%</td>\n   <td>32%</td>\n   <td>7%</td>\n   <td>$159.13</td>\n   <td>$179.70</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>Exxon Mobil Corp.</td>\n   <td>XOM</td>\n   <td>39%</td>\n   <td>51%</td>\n   <td>10%</td>\n   <td>$61.54</td>\n   <td>$72.97</td>\n   <td>19%</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway Inc. Class B</td>\n   <td>BRK</td>\n   <td>43%</td>\n   <td>57%</td>\n   <td>0%</td>\n   <td>$295.03</td>\n   <td>$332.50</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>Amazon.com Inc.</td>\n   <td>AMZN</td>\n   <td>94%</td>\n   <td>6%</td>\n   <td>0%</td>\n   <td>$3,381.83</td>\n   <td>$4,102.98</td>\n   <td>21%</td>\n  </tr>\n  <tr>\n   <td>Pfizer Inc.</td>\n   <td>PFE</td>\n   <td>38%</td>\n   <td>58%</td>\n   <td>4%</td>\n   <td>$55.54</td>\n   <td>$53.67</td>\n   <td>-3%</td>\n  </tr>\n  <tr>\n   <td>Wells Fargo &amp; Co.</td>\n   <td>WFC</td>\n   <td>67%</td>\n   <td>33%</td>\n   <td>0%</td>\n   <td>$48.89</td>\n   <td>$54.90</td>\n   <td>12%</td>\n  </tr>\n  <tr>\n   <td>Chevron Corp.</td>\n   <td>CVX</td>\n   <td>68%</td>\n   <td>32%</td>\n   <td>0%</td>\n   <td>$116.22</td>\n   <td>$130.36</td>\n   <td>12%</td>\n  </tr>\n  <tr>\n   <td>Intuit Inc.</td>\n   <td>INTU</td>\n   <td>83%</td>\n   <td>13%</td>\n   <td>4%</td>\n   <td>$639.48</td>\n   <td>$756.29</td>\n   <td>18%</td>\n  </tr>\n  <tr>\n   <td>Lowe’s Companies Inc.</td>\n   <td>LOW</td>\n   <td>73%</td>\n   <td>24%</td>\n   <td>3%</td>\n   <td>$252.46</td>\n   <td>$272.43</td>\n   <td>8%</td>\n  </tr>\n  <tr>\n   <td>Accenture Plc Class A</td>\n   <td>ACN</td>\n   <td>70%</td>\n   <td>26%</td>\n   <td>4%</td>\n   <td>$369.73</td>\n   <td>$383.68</td>\n   <td>4%</td>\n  </tr>\n  <tr>\n   <td>Thermo Fisher Scientific Inc.</td>\n   <td>TMO</td>\n   <td>83%</td>\n   <td>13%</td>\n   <td>4%</td>\n   <td>$632.11</td>\n   <td>$682.47</td>\n   <td>8%</td>\n  </tr>\n  <tr>\n   <td>Costco Wholesale Corp.</td>\n   <td>COST</td>\n   <td>59%</td>\n   <td>35%</td>\n   <td>6%</td>\n   <td>$545.34</td>\n   <td>$551.75</td>\n   <td>1%</td>\n  </tr>\n  <tr>\n   <td>Broadcom Inc.</td>\n   <td>AVGO</td>\n   <td>84%</td>\n   <td>13%</td>\n   <td>3%</td>\n   <td>$614.91</td>\n   <td>$682.70</td>\n   <td>11%</td>\n  </tr>\n  <tr>\n   <td>Adobe Inc.</td>\n   <td>ADBE</td>\n   <td>81%</td>\n   <td>19%</td>\n   <td>0%</td>\n   <td>$614.86</td>\n   <td>$720.69</td>\n   <td>17%</td>\n  </tr>\n  <tr>\n   <td>Danaher Corp.</td>\n   <td>DHR</td>\n   <td>82%</td>\n   <td>14%</td>\n   <td>4%</td>\n   <td>$307.70</td>\n   <td>$350.29</td>\n   <td>14%</td>\n  </tr>\n  <tr>\n   <td>Eli Lilly and Co.</td>\n   <td>LLY</td>\n   <td>67%</td>\n   <td>28%</td>\n   <td>5%</td>\n   <td>$249.38</td>\n   <td>$279.72</td>\n   <td>12%</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: FactSet</p>\n<p>Here are six data highlights to consider:</p>\n<ul>\n <li>Two of this year’s best performers are expected to be poor performers next year, based on the price targets: Apple and Tesla.</li>\n <li>Apple is expected to show much slower sales and earnings growth than the rest of the top five companies on the list through 2023.</li>\n <li>Tesla’s expected two-year sales CAGR of 31.7% is by far the highest on the list. But only 43% of analysts polled by FactSet rate the stock a “buy.”</li>\n <li>Tesla also has the highest expected EPS CAGR through 2023 at 38.3%, but Amazon.com Inc.&nbsp;is right behind, with a projected EPS CAGR of 36.2%. Next on the list by this measure is Nvidia, at 21.3%.</li>\n <li>From the price targets, Nvidia and Amazon are Wall Street analysts’ favorite stocks on the list, with implied 12-month upside of 21%.</li>\n <li>Pfizer Inc.’s&nbsp;sales are expected to rise in 2022 but fall in 2023 to a level below that of 2021, according to analysts polled by FactSet. That could reflect expectations that the coronavirus pandemic will be ending.</li>\n</ul>","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>After a dazzling 2021, Apple and Tesla stocks are expected to be duds in 2022</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\">\nAfter a dazzling 2021, Apple and Tesla stocks are expected to be duds in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/after-a-dazzling-2021-apple-and-tesla-stocks-are-expected-to-be-duds-in-2022-11639582194?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here’s the outlook for the 25 stocks that have contributed more than half of the S&P 500 index’s gain this year\nShares of Apple have returned 32% this year, while Tesla has risen 36%. Getty Images\nA ...</p>\n\n<a href=\"https://www.marketwatch.com/story/after-a-dazzling-2021-apple-and-tesla-stocks-are-expected-to-be-duds-in-2022-11639582194?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","AAPL":"苹果","TSLA":"特斯拉","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4170":"电脑硬件、储存设备及电脑周边","MSFT":"微软","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4501":"段永平概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","GOOGL":"谷歌A","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","NVDA":"英伟达","GOOG":"谷歌","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4559":"巴菲特持仓","BK4527":"明星科技股"},"source_url":"https://www.marketwatch.com/story/after-a-dazzling-2021-apple-and-tesla-stocks-are-expected-to-be-duds-in-2022-11639582194?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2191399540","content_text":"Here’s the outlook for the 25 stocks that have contributed more than half of the S&P 500 index’s gain this year\nShares of Apple have returned 32% this year, while Tesla has risen 36%. Getty Images\nA report from Goldman Sachs shows how much of investors’ money is concentrated in only five high-flying stocks. And a screen of the biggest contributors to this year’s excellent performance for the S&P 500 index highlights two that are expected not to perform well in 2022: Apple and Tesla.\nJust five stocks — Microsoft Corp.,Alphabet Inc.,Apple Inc.,Nvidia Corp. and Tesla Inc. — contributed over a third of the S&P 500 Index’s 26% total return for 2021 through Dec. 9, according to analysts at Goldman. And from the end of April through Dec. 9, they contributed 51% of the index’s 13% return.\nMoreover, only 25 stocks accounted for 58% of the index’s gains, including reinvested dividends, through Dec. 9, Goldman said. Its list of those stocks is below, along with screens of Wall Street analysts’ expectations for the group as we look ahead to 2022 and 2023.\nThe analysts, led by David Kostin, pointed out that “market breadth has narrowed substantially” over the past several months. In other words, investors have concentrated more of their money (and risk) in the largest tech companies, by market capitalization.\nThat said, the Goldman analysts continue to recommend that long-term investors “own high-growth, high-margin stocks.”\nDigging into the 25 biggest contributors to the S&P 500’s returns this year\nThis list shows each of the 25 stocks and their “contributions” to the gains, expressed in basis points. (A basis point is one 100th of a percent. ) The table also includes pricing information — closing prices as of Dec. 14 with declines from 52-week highs and the dates of those highs.\n\n\n\nCompany\nTicker\nTotal return – 2021 through Dec. 9\nContribution to S&P 500’s return for 2021 through Dec. 9 (basis points)\nClosing Price – 12/14/21\nDecline from 52-week high\nDate of 52-week high\n\n\nMicrosoft Corp.\nMSFT\n51%\n271\n$328.34\n-6.1%\n11/22/2021\n\n\nAlphabet Inc. Class A\nGOOGL\n68%\n224\n$2,878.14\n-4.7%\n11/19/2021\n\n\nApple Inc.\nAAPL\n32%\n217\n$174.33\n-4.3%\n12/13/2021\n\n\nNvidia Corp.\nNVDA\n134%\n137\n$283.37\n-18.2%\n11/22/2021\n\n\nTesla Inc.\nTSLA\n42%\n71\n$958.51\n-22.9%\n11/04/2021\n\n\nHome Depot Inc.\nHD\n58%\n52\n$402.20\n-4.4%\n12/06/2021\n\n\nMeta Platforms Inc. Class A\nFB\n21%\n43\n$333.74\n-13.2%\n09/01/2021\n\n\nUnitedHealth Group Inc.\nUNH\n37%\n39\n$479.46\n-0.7%\n12/14/2021\n\n\nBank of America Corp\nBAC\n50%\n36\n$44.13\n-9.4%\n11/03/2021\n\n\nJPMorgan Chase & Co.\nJPM\n29%\n36\n$159.13\n-8.0%\n10/25/2021\n\n\nExxon Mobil Corp.\nXOM\n61%\n34\n$61.54\n-7.3%\n11/08/2021\n\n\nBerkshire Hathaway Inc. Class B\nBRK\n23%\n32\n$295.03\n-0.5%\n12/14/2021\n\n\nAmazon.com Inc.\nAMZN\n7%\n31\n$3,381.83\n-10.4%\n07/13/2021\n\n\nPfizer Inc.\nPFE\n47%\n30\n$55.54\n-0.7%\n12/14/2021\n\n\nWells Fargo & Co.\nWFC\n67%\n26\n$48.89\n-7.0%\n11/03/2021\n\n\nChevron Corp.\nCVX\n47%\n24\n$116.22\n-2.5%\n12/08/2021\n\n\nIntuit Inc.\nINTU\n76%\n24\n$639.48\n-10.8%\n11/19/2021\n\n\nLowe’s Companies Inc.\nLOW\n63%\n23\n$252.46\n-4.1%\n12/13/2021\n\n\nAccenture Plc Class A\nACN\n44%\n23\n$369.73\n-3.0%\n12/13/2021\n\n\nThermo Fisher Scientific Inc.\nTMO\n37%\n22\n$632.11\n-5.2%\n11/26/2021\n\n\nCostco Wholesale Corp.\nCOST\n40%\n21\n$545.34\n-2.8%\n12/10/2021\n\n\nBroadcom Inc.\nAVGO\n36%\n20\n$614.91\n-4.6%\n12/10/2021\n\n\nAdobe Inc.\nADBE\n26%\n20\n$614.86\n-12.1%\n11/22/2021\n\n\nDanaher Corp.\nDHR\n44%\n20\n$307.70\n-7.9%\n09/10/2021\n\n\nEli Lilly and Co.\nLLY\n46%\n19\n$249.38\n-9.6%\n08/17/2021\n\n\n\nSources: Goldman Sachs, FactSet\n\n\n\nWe included the declines from 52-week highs through Dec. 14 to illustrate how volatile the stocks of rapidly growing tech giants can be. Shares of Nvidia, for example, were down 18% from the high reached Nov. 22. Tesla has tumbled into bear-market territory three times in 2021 and is down 23% from its high reached Nov. 4.\nLeaving the list in the same order, here are consensus estimates among analysts polled by FactSet for sales (in millions of dollars) for calendar years through 2023, with projected compound annual growth rates (CAGR):\n\n\n\nCompany\nTicker\nEstimated revenue – 2021\nEstimated revenue – 2022\nEstimated revenue – 2023\nTwo-year estimated sales CAGR\n\n\nMicrosoft Corp.\nMSFT\n$182,593\n$210,753\n$240,396\n14.7%\n\n\nAlphabet Inc. Class A\nGOOGL\n$254,060\n$296,677\n$341,671\n16.0%\n\n\nApple Inc.\nAAPL\n$369,729\n$389,037\n$413,789\n5.8%\n\n\nNvidia Corp.\nNVDA\n$25,754\n$31,175\n$36,380\n18.9%\n\n\nTesla Inc.\nTSLA\n$51,678\n$73,183\n$89,639\n31.7%\n\n\nHome Depot Inc.\nHD\n$148,615\n$153,285\n$158,252\n3.2%\n\n\nMeta Platforms Inc. Class A\nFB\n$117,569\n$139,805\n$164,737\n18.4%\n\n\nUnitedHealth Group Inc.\nUNH\n$286,410\n$316,412\n$342,740\n9.4%\n\n\nBank of America Corp\nBAC\n$89,268\n$93,591\n$99,180\n5.4%\n\n\nJPMorgan Chase & Co.\nJPM\n$123,128\n$123,405\n$130,270\n2.9%\n\n\nExxon Mobil Corp.\nXOM\n$294,130\n$308,304\n$292,830\n-0.2%\n\n\nBerkshire Hathaway Inc. Class B\nBRK\n$294,667\n$294,894\n$309,287\n2.5%\n\n\nAmazon.com Inc.\nAMZN\n$470,607\n$553,097\n$649,246\n17.5%\n\n\nPfizer Inc.\nPFE\n$81,333\n$92,070\n$72,748\n-5.4%\n\n\nWells Fargo & Co.\nWFC\n$76,024\n$72,048\n$75,462\n-0.4%\n\n\nChevron Corp.\nCVX\n$155,748\n$168,114\n$159,898\n1.3%\n\n\nIntuit Inc.\nINTU\n$10,714\n$12,980\n$14,881\n17.9%\n\n\nLowe’s Companies Inc.\nLOW\n$95,152\n$97,459\n$100,080\n2.6%\n\n\nAccenture Plc Class A\nACN\n$52,819\n$58,906\n$63,622\n9.8%\n\n\nThermo Fisher Scientific Inc.\nTMO\n$37,210\n$39,493\n$42,053\n6.3%\n\n\nCostco Wholesale Corp.\nCOST\n$203,027\n$222,877\n$238,794\n8.5%\n\n\nBroadcom Inc.\nAVGO\n$27,976\n$30,877\n$32,521\n7.8%\n\n\nAdobe Inc.\nADBE\n$15,957\n$18,393\n$21,000\n14.7%\n\n\nDanaher Corp.\nDHR\n$29,116\n$30,792\n$32,437\n5.5%\n\n\nEli Lilly and Co.\nLLY\n$27,601\n$27,774\n$30,366\n4.9%\n\n\n\nSource: FactSet\nHere’s another look ahead, this time at earnings-per-share estimates\n\n\n\nCompany\nTicker\nEstimated EPS – 2021\nEstimated EPS – 2022\nEstimated EPS – 2023\nTwo-year estimated EPS CAGR\n\n\nMicrosoft Corp.\nMSFT\n$8.60\n$9.85\n$11.44\n15.3%\n\n\nAlphabet Inc. Class A\nGOOGL\n$108.65\n$113.97\n$130.48\n9.6%\n\n\nApple Inc.\nAAPL\n$5.64\n$5.85\n$6.27\n5.4%\n\n\nNvidia Corp.\nNVDA\n$4.18\n$5.08\n$6.15\n21.3%\n\n\nTesla Inc.\nTSLA\n$5.99\n$8.64\n$11.46\n38.3%\n\n\nHome Depot Inc.\nHD\n$15.17\n$16.13\n$17.30\n6.8%\n\n\nMeta Platforms Inc. Class A\nFB\n$13.94\n$14.24\n$16.94\n10.3%\n\n\nUnitedHealth Group Inc.\nUNH\n$18.84\n$21.63\n$24.58\n14.2%\n\n\nBank of America Corp\nBAC\n$3.52\n$3.19\n$3.63\n1.5%\n\n\nJPMorgan Chase & Co.\nJPM\n$14.98\n$12.03\n$13.23\n-6.0%\n\n\nExxon Mobil Corp.\nXOM\n$5.03\n$5.79\n$5.59\n5.4%\n\n\nBerkshire Hathaway Inc. Class B\nBRK\n$11.65\n$12.63\n$14.13\n10.1%\n\n\nAmazon.com Inc.\nAMZN\n$41.31\n$51.54\n$76.68\n36.2%\n\n\nPfizer Inc.\nPFE\n$4.19\n$5.75\n$4.87\n7.8%\n\n\nWells Fargo & Co.\nWFC\n$4.63\n$3.72\n$4.41\n-2.4%\n\n\nChevron Corp.\nCVX\n$8.36\n$9.42\n$8.78\n2.5%\n\n\nIntuit Inc.\nINTU\n$10.56\n$12.51\n$14.70\n18.0%\n\n\nLowe’s Companies Inc.\nLOW\n$11.71\n$12.86\n$14.40\n10.9%\n\n\nAccenture Plc Class A\nACN\n$9.25\n$10.48\n$11.59\n11.9%\n\n\nThermo Fisher Scientific Inc.\nTMO\n$23.45\n$21.17\n$23.34\n-0.2%\n\n\nCostco Wholesale Corp.\nCOST\n$11.63\n$13.06\n$14.33\n11.0%\n\n\nBroadcom Inc.\nAVGO\n$28.83\n$33.53\n$36.69\n12.8%\n\n\nAdobe Inc.\nADBE\n$12.63\n$14.47\n$16.88\n15.6%\n\n\nDanaher Corp.\nDHR\n$9.82\n$10.16\n$10.72\n4.5%\n\n\nEli Lilly and Co.\nLLY\n$8.02\n$8.13\n$9.71\n10.1%\n\n\n\nSource: FactSet\nHere’s a summary of Wall Street analysts’ opinions about the stocks:\n\n\n\nCompany\nTicker\nShare “buy” ratings\nShare neutral ratings\nShare “sell” ratings\nClosing price – 12/14/21\nConsensus price target\nImplied 12-month upside potential\n\n\nMicrosoft Corp.\nMSFT\n90%\n10%\n0%\n$328.34\n$366.41\n12%\n\n\nAlphabet Inc. Class A\nGOOGL\n94%\n6%\n0%\n$2,878.14\n$3,333.70\n16%\n\n\nApple Inc.\nAAPL\n79%\n19%\n2%\n$174.33\n$174.35\n0%\n\n\nNvidia Corp.\nNVDA\n81%\n12%\n7%\n$283.37\n$341.51\n21%\n\n\nTesla Inc.\nTSLA\n43%\n30%\n28%\n$958.51\n$860.35\n-10%\n\n\nHome Depot Inc.\nHD\n65%\n32%\n3%\n$402.20\n$417.16\n4%\n\n\nMeta Platforms Inc. Class A\nFB\n76%\n22%\n2%\n$333.74\n$398.32\n19%\n\n\nUnitedHealth Group Inc.\nUNH\n85%\n11%\n4%\n$479.46\n$490.88\n2%\n\n\nBank of America Corp\nBAC\n64%\n25%\n11%\n$44.13\n$49.83\n13%\n\n\nJPMorgan Chase & Co.\nJPM\n61%\n32%\n7%\n$159.13\n$179.70\n13%\n\n\nExxon Mobil Corp.\nXOM\n39%\n51%\n10%\n$61.54\n$72.97\n19%\n\n\nBerkshire Hathaway Inc. Class B\nBRK\n43%\n57%\n0%\n$295.03\n$332.50\n13%\n\n\nAmazon.com Inc.\nAMZN\n94%\n6%\n0%\n$3,381.83\n$4,102.98\n21%\n\n\nPfizer Inc.\nPFE\n38%\n58%\n4%\n$55.54\n$53.67\n-3%\n\n\nWells Fargo & Co.\nWFC\n67%\n33%\n0%\n$48.89\n$54.90\n12%\n\n\nChevron Corp.\nCVX\n68%\n32%\n0%\n$116.22\n$130.36\n12%\n\n\nIntuit Inc.\nINTU\n83%\n13%\n4%\n$639.48\n$756.29\n18%\n\n\nLowe’s Companies Inc.\nLOW\n73%\n24%\n3%\n$252.46\n$272.43\n8%\n\n\nAccenture Plc Class A\nACN\n70%\n26%\n4%\n$369.73\n$383.68\n4%\n\n\nThermo Fisher Scientific Inc.\nTMO\n83%\n13%\n4%\n$632.11\n$682.47\n8%\n\n\nCostco Wholesale Corp.\nCOST\n59%\n35%\n6%\n$545.34\n$551.75\n1%\n\n\nBroadcom Inc.\nAVGO\n84%\n13%\n3%\n$614.91\n$682.70\n11%\n\n\nAdobe Inc.\nADBE\n81%\n19%\n0%\n$614.86\n$720.69\n17%\n\n\nDanaher Corp.\nDHR\n82%\n14%\n4%\n$307.70\n$350.29\n14%\n\n\nEli Lilly and Co.\nLLY\n67%\n28%\n5%\n$249.38\n$279.72\n12%\n\n\n\nSource: FactSet\nHere are six data highlights to consider:\n\nTwo of this year’s best performers are expected to be poor performers next year, based on the price targets: Apple and Tesla.\nApple is expected to show much slower sales and earnings growth than the rest of the top five companies on the list through 2023.\nTesla’s expected two-year sales CAGR of 31.7% is by far the highest on the list. But only 43% of analysts polled by FactSet rate the stock a “buy.”\nTesla also has the highest expected EPS CAGR through 2023 at 38.3%, but Amazon.com Inc. is right behind, with a projected EPS CAGR of 36.2%. Next on the list by this measure is Nvidia, at 21.3%.\nFrom the price targets, Nvidia and Amazon are Wall Street analysts’ favorite stocks on the list, with implied 12-month upside of 21%.\nPfizer Inc.’s sales are expected to rise in 2022 but fall in 2023 to a level below that of 2021, according to analysts polled by FactSet. That could reflect expectations that the coronavirus pandemic will be ending.","news_type":1},"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607023178,"gmtCreate":1639460882305,"gmtModify":1639460882415,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"To evaluate more&nbsp;","listText":"To evaluate more&nbsp;","text":"To evaluate more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607023178","repostId":"1111329217","repostType":4,"repost":{"id":"1111329217","kind":"news","pubTimestamp":1639449728,"share":"https://www.laohu8.com/m/news/1111329217?lang=&edition=full","pubTime":"2021-12-14 10:42","market":"us","language":"en","title":"Slowing Growth Could Cause Further Slide for Palantir Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1111329217","media":"InvestorPlace","summary":"Even after its more than 25% decline in price over the past month, you may want to skip 'buying the dip' with PLTR stock","content":"<p>A longtime “permabear” on&nbsp;<b>Palantir Technologies</b>&nbsp;(NYSE:<b><u>PLTR</u></b>), I won’t try to say I called the recent big drop in PLTR stock ahead of time. While correct in my Nov. 3 prediction that&nbsp;it stood to move to lower prices, I’ve called it wrong plenty of times with shares in this data analytics software company.</p>\n<p>But while the stock has found a way to recover after a big selloff many times in 2021, that may not be the case in 2022. Instead of continuing on with a roller coaster pattern, it may make a continued move below $20 per share.</p>\n<p>How? In past coverage, I’ve talked a lot about how Federal Reserve policy changes (i.e. rate hikes) could sink it lower. Yet even if you assume that a rise in rates next year won’t spell big drops for growth stocks, there is something else that could lead to more downward pressure for Palantir’s shares: if the underlying “story” with it changes. If more comes out to indicate that recent fears of slowing revenue growth are right on the money.</p>\n<p>With this, you may want to think twice before “buying the dip.”</p>\n<p><b>PLTR Stock and its Trip Back to $20 Per Share</b></p>\n<p>When I last wrote about, Palantir appears to be making a return to $30 per share. The shrugging off inflation/interest rate worries at the time played a role in this, as did bullishness with the company’s Q3 earnings results.</p>\n<p>Of course, a comeback in the PLTR stock price did not play out. Sure, the company reported solid numbers for the quarter ending Sep 30, 2021. Revenue of&nbsp;$392 million&nbsp;came in above sell-side estimates of $385 millions. Earnings per share (EPS) of 4 cents was in-line with projections. However, there was a bit of disappointment. Revenue for its flagship governmental business&nbsp;came in below expectations. This has sparked fears that growth for the company overall will start to slow down. Said concern was further heightened by a bearish call from&nbsp;<b>RBC Capital</b>&nbsp;analyst Rishi Jaluria.</p>\n<p>Cutting his rating to the equivalent of “sell,” and lowering his price target from $25 per share to $19 per share, Jaluria cited the slowing government revenue growth, plus&nbsp;concerns with the company’s commercial revenue growth, as the main reasons behind the downgrade. In particular, the company’s latest strategy of making investments in special purpose acquisition companies (SPACs), which in turn have the operating businesses they merge with purchase services from Palantir. The sell side analyst sees this as “unsustainable.”</p>\n<p>This combo of a poorly received earnings release, plus the downgrade, pushed the stock from around $26.75 per share, to the low $20s per share. Then, with the post-Thanksgiving&nbsp;Omicron/Fed selloff, shares fell back below $20 per share for the first time since May. As of this writing, it’s attempting to get back above $20 per share. But while prior sell-offs have been quickly followed up with strong rebounds, this may not happen this go-around.</p>\n<p><b>Palantir and The Big Risk of Decelerating Growth</b></p>\n<p>In prior articles, I’ve focused a lot on the valuation issues with PLTR stock. Sporting a triple-digit price-to-earnings, or P/E, ratio, it was vulnerable to big price declines. That is, if factors like rising interest rates could result in severe multiple compression for growth stocks.</p>\n<p>However, I’ll admit that rate hikes may not necessarily result in a massive correction for growth stocks. Even if rates move higher, they’ll still be at historic lows. The rich multiples sported by growth stocks today could hold.Then again, in Palantir’s case, a rich valuation will hold only if the “story” behind it stays as-is.</p>\n<p>Unfortunately, like I hinted at above, the “story” may be on the verge of changing. Q3 results are just the latest indication that governmental revenue growth is slowing down. Back in October, I discussed how two analysts (<b>Citi’s</b>&nbsp;Tyler Radke and&nbsp;<b>William Blair’s</b>&nbsp;Kamil Mielczarek) both noted the company’s&nbsp;light governmental deal activity&nbsp;in recent months.</p>\n<p>Yes, this may not be an issue, if Jaluria’s concerns about unsustainable commercial growth prove to be overblown. But if the analyst is right, and its unsustainable things like its SPAC gambit that are jolting up commercial revenues? Growth in this segment could see a considerable slowdown. In turn, if this results in Palantir’s growth falling below its 30% per year benchmark? A severe re-assessment of its valuation will likely occur.</p>\n<p><b>The Verdict on This Data Analytics Stock</b></p>\n<p>At around $20 per share today, some may say it’s time to “buy the dip” with Palantir. Yet with high growth already baked-into its valuation, upside may be limited. If things work out, the stock may at best bounce between the $20 to $30 per share trading range it’s been stuck in since June.</p>\n<p>Comparing its limited downside, to what could be big downside risk, if revenue growth really starts to slow down, you may want to take a pass on PLTR stock.</p>","source":"lsy1606302653667","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>Slowing Growth Could Cause Further Slide for Palantir 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\">\nSlowing Growth Could Cause Further Slide for Palantir Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-14 10:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A longtime “permabear” on Palantir Technologies (NYSE:PLTR), I won’t try to say I called the recent big drop in PLTR stock ahead of time. While correct in my Nov. 3 prediction that it stood to move to...</p>\n\n<a href=\"https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://investorplace.com/2021/12/pltr-stock-slowing-growth-could-cause-further-slide/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111329217","content_text":"A longtime “permabear” on Palantir Technologies (NYSE:PLTR), I won’t try to say I called the recent big drop in PLTR stock ahead of time. While correct in my Nov. 3 prediction that it stood to move to lower prices, I’ve called it wrong plenty of times with shares in this data analytics software company.\nBut while the stock has found a way to recover after a big selloff many times in 2021, that may not be the case in 2022. Instead of continuing on with a roller coaster pattern, it may make a continued move below $20 per share.\nHow? In past coverage, I’ve talked a lot about how Federal Reserve policy changes (i.e. rate hikes) could sink it lower. Yet even if you assume that a rise in rates next year won’t spell big drops for growth stocks, there is something else that could lead to more downward pressure for Palantir’s shares: if the underlying “story” with it changes. If more comes out to indicate that recent fears of slowing revenue growth are right on the money.\nWith this, you may want to think twice before “buying the dip.”\nPLTR Stock and its Trip Back to $20 Per Share\nWhen I last wrote about, Palantir appears to be making a return to $30 per share. The shrugging off inflation/interest rate worries at the time played a role in this, as did bullishness with the company’s Q3 earnings results.\nOf course, a comeback in the PLTR stock price did not play out. Sure, the company reported solid numbers for the quarter ending Sep 30, 2021. Revenue of $392 million came in above sell-side estimates of $385 millions. Earnings per share (EPS) of 4 cents was in-line with projections. However, there was a bit of disappointment. Revenue for its flagship governmental business came in below expectations. This has sparked fears that growth for the company overall will start to slow down. Said concern was further heightened by a bearish call from RBC Capital analyst Rishi Jaluria.\nCutting his rating to the equivalent of “sell,” and lowering his price target from $25 per share to $19 per share, Jaluria cited the slowing government revenue growth, plus concerns with the company’s commercial revenue growth, as the main reasons behind the downgrade. In particular, the company’s latest strategy of making investments in special purpose acquisition companies (SPACs), which in turn have the operating businesses they merge with purchase services from Palantir. The sell side analyst sees this as “unsustainable.”\nThis combo of a poorly received earnings release, plus the downgrade, pushed the stock from around $26.75 per share, to the low $20s per share. Then, with the post-Thanksgiving Omicron/Fed selloff, shares fell back below $20 per share for the first time since May. As of this writing, it’s attempting to get back above $20 per share. But while prior sell-offs have been quickly followed up with strong rebounds, this may not happen this go-around.\nPalantir and The Big Risk of Decelerating Growth\nIn prior articles, I’ve focused a lot on the valuation issues with PLTR stock. Sporting a triple-digit price-to-earnings, or P/E, ratio, it was vulnerable to big price declines. That is, if factors like rising interest rates could result in severe multiple compression for growth stocks.\nHowever, I’ll admit that rate hikes may not necessarily result in a massive correction for growth stocks. Even if rates move higher, they’ll still be at historic lows. The rich multiples sported by growth stocks today could hold.Then again, in Palantir’s case, a rich valuation will hold only if the “story” behind it stays as-is.\nUnfortunately, like I hinted at above, the “story” may be on the verge of changing. Q3 results are just the latest indication that governmental revenue growth is slowing down. Back in October, I discussed how two analysts (Citi’s Tyler Radke and William Blair’s Kamil Mielczarek) both noted the company’s light governmental deal activity in recent months.\nYes, this may not be an issue, if Jaluria’s concerns about unsustainable commercial growth prove to be overblown. But if the analyst is right, and its unsustainable things like its SPAC gambit that are jolting up commercial revenues? Growth in this segment could see a considerable slowdown. In turn, if this results in Palantir’s growth falling below its 30% per year benchmark? A severe re-assessment of its valuation will likely occur.\nThe Verdict on This Data Analytics Stock\nAt around $20 per share today, some may say it’s time to “buy the dip” with Palantir. Yet with high growth already baked-into its valuation, upside may be limited. If things work out, the stock may at best bounce between the $20 to $30 per share trading range it’s been stuck in since June.\nComparing its limited downside, to what could be big downside risk, if revenue growth really starts to slow down, you may want to take a pass on PLTR stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":990,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604538373,"gmtCreate":1639409705602,"gmtModify":1639411141327,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"The rise in the stock shows investors' confidence&nbsp;","listText":"The rise in the stock shows investors' confidence&nbsp;","text":"The rise in the stock shows investors' confidence","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604538373","repostId":"1133455327","repostType":2,"repost":{"id":"1133455327","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":1639406792,"share":"https://www.laohu8.com/m/news/1133455327?lang=&edition=full","pubTime":"2021-12-13 22:46","market":"us","language":"en","title":"Vaccine Stocks rebounded in morning trading, with BioNTech SE rising over 5% and Novavax jumping over 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1133455327","media":"Tiger Newspress","summary":"Vaccine Stocks rebounded in morning trading, with BioNTech SE rising over 5% and Novavax jumping ove","content":"<p>Vaccine Stocks rebounded in morning trading, with BioNTech SE rising over 5% and Novavax jumping over 4%.</p>\n<p><img src=\"https://static.tigerbbs.com/67d7d63c674aea0dff679d8317fc7728\" tg-width=\"537\" tg-height=\"199\" referrerpolicy=\"no-referrer\">A new Israeli study&nbsp;showed that a booster shot from their Covid-19 vaccine provided strong protection against severe illness from the omicron variant.</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>Vaccine Stocks rebounded in morning trading, with BioNTech SE rising over 5% and Novavax jumping over 4%</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\">\nVaccine Stocks rebounded in morning trading, with BioNTech SE rising over 5% and Novavax jumping over 4%\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\">2021-12-13 22:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Vaccine Stocks rebounded in morning trading, with BioNTech SE rising over 5% and Novavax jumping over 4%.</p>\n<p><img src=\"https://static.tigerbbs.com/67d7d63c674aea0dff679d8317fc7728\" tg-width=\"537\" tg-height=\"199\" referrerpolicy=\"no-referrer\">A new Israeli study&nbsp;showed that a booster shot from their Covid-19 vaccine provided strong protection against severe illness from the omicron variant.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","NVAX":"诺瓦瓦克斯医药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133455327","content_text":"Vaccine Stocks rebounded in morning trading, with BioNTech SE rising over 5% and Novavax jumping over 4%.\nA new Israeli study showed that a booster shot from their Covid-19 vaccine provided strong protection against severe illness from the omicron variant.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1106,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583377018896117","authorId":"3583377018896117","name":"bernardtayet","avatar":"https://static.tigerbbs.com/43e8c1fc37a4bff2a94af98953cff267","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3583377018896117","idStr":"3583377018896117"},"content":"Vaccination is key in providing protection. So pharmaceutical firms stocks r good to have. Just my views.","text":"Vaccination is key in providing protection. So pharmaceutical firms stocks r good to have. Just my views.","html":"Vaccination is key in providing protection. So pharmaceutical firms stocks r good to have. Just my views."}],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":696319330,"gmtCreate":1640616775163,"gmtModify":1640616775235,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"I wonder why the drop is so drastic&nbsp;","listText":"I wonder why the drop is so drastic&nbsp;","text":"I wonder why the drop is so drastic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/696319330","repostId":"1103486686","repostType":2,"repost":{"id":"1103486686","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":1640616531,"share":"https://www.laohu8.com/m/news/1103486686?lang=&edition=full","pubTime":"2021-12-27 22:48","market":"us","language":"en","title":"Novavax shares dropped 8% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1103486686","media":"Tiger Newspress","summary":"Novavax shares dropped 8% in morning trading.The stock fell 3.3% in the previous trading day.","content":"<p>Novavax shares dropped 8% in morning trading.The stock fell 3.3% in the previous trading day.</p>\n<p><img src=\"https://static.tigerbbs.com/d6627c5ec391aa02c9ec15dfc36c8f87\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></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>Novavax shares dropped 8% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNovavax shares dropped 8% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-27 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Novavax shares dropped 8% in morning trading.The stock fell 3.3% in the previous trading day.</p>\n<p><img src=\"https://static.tigerbbs.com/d6627c5ec391aa02c9ec15dfc36c8f87\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103486686","content_text":"Novavax shares dropped 8% in morning trading.The stock fell 3.3% in the previous trading day.","news_type":1},"isVote":1,"tweetType":1,"viewCount":643,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604538373,"gmtCreate":1639409705602,"gmtModify":1639411141327,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"The rise in the stock shows investors' confidence&nbsp;","listText":"The rise in the stock shows investors' confidence&nbsp;","text":"The rise in the stock shows investors' confidence","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604538373","repostId":"1133455327","repostType":2,"isVote":1,"tweetType":1,"viewCount":1106,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583377018896117","authorId":"3583377018896117","name":"bernardtayet","avatar":"https://static.tigerbbs.com/43e8c1fc37a4bff2a94af98953cff267","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3583377018896117","idStr":"3583377018896117"},"content":"Vaccination is key in providing protection. So pharmaceutical firms stocks r good to have. Just my views.","text":"Vaccination is key in providing protection. So pharmaceutical firms stocks r good to have. Just my views.","html":"Vaccination is key in providing protection. So pharmaceutical firms stocks r good to have. Just my views."}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699119852,"gmtCreate":1639755017509,"gmtModify":1639755017616,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Oh great but I just sold my shares yesterday 😭","listText":"Oh great but I just sold my shares yesterday 😭","text":"Oh great but I just sold my shares yesterday 😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/699119852","repostId":"1155244596","repostType":2,"repost":{"id":"1155244596","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":1639752003,"share":"https://www.laohu8.com/m/news/1155244596?lang=&edition=full","pubTime":"2021-12-17 22:40","market":"us","language":"en","title":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list","url":"https://stock-news.laohu8.com/highlight/detail?id=1155244596","media":"Tiger Newspress","summary":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emerg","content":"<p>Novavax continued to jump nearly&nbsp;5% in morning trading as its vaccine had been included on the&nbsp;emergency use list.<img src=\"https://static.tigerbbs.com/6e0b5588f7377a98c70179cdc8612b3f\" tg-width=\"765\" tg-height=\"561\" width=\"100%\" height=\"auto\">The World Health Organization has included&nbsp;its&nbsp;vaccine NVX-CoV2373 on the emergency use list,and its&nbsp;original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.</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>Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list</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\">\nNovavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list\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\">2021-12-17 22:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Novavax continued to jump nearly&nbsp;5% in morning trading as its vaccine had been included on the&nbsp;emergency use list.<img src=\"https://static.tigerbbs.com/6e0b5588f7377a98c70179cdc8612b3f\" tg-width=\"765\" tg-height=\"561\" width=\"100%\" height=\"auto\">The World Health Organization has included&nbsp;its&nbsp;vaccine NVX-CoV2373 on the emergency use list,and its&nbsp;original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVAX":"诺瓦瓦克斯医药"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155244596","content_text":"Novavax continued to jump nearly 5% in morning trading as its vaccine had been included on the emergency use list.The World Health Organization has included its vaccine NVX-CoV2373 on the emergency use list,and its original drug called nuvaxovidtm is currently undergoing evaluation by the European Medicines Agency.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1080,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4091891386414570","authorId":"4091891386414570","name":"Michane","avatar":"https://static.tigerbbs.com/e34d5ed60a80aa56ff9a8771c943602c","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"4091891386414570","idStr":"4091891386414570"},"content":"Still got chance to get in. Next week they will be having a meeting & there'll be approvals coming from other countries as well","text":"Still got chance to get in. Next week they will be having a meeting & there'll be approvals coming from other countries as well","html":"Still got chance to get in. Next week they will be having a meeting & there'll be approvals coming from other countries as well"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698052546,"gmtCreate":1640268038386,"gmtModify":1640268038386,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Palantir can still rise","listText":"Palantir can still rise","text":"Palantir can still rise","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698052546","repostId":"2193146721","repostType":4,"isVote":1,"tweetType":1,"viewCount":848,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":699005390,"gmtCreate":1639717137851,"gmtModify":1639717551738,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Skyworks is depending on Apple heavily and If Apple has outsourcing it then its bad news for Skyworks&nbsp;","listText":"Skyworks is depending on Apple heavily and If Apple has outsourcing it then its bad news for Skyworks&nbsp;","text":"Skyworks is depending on Apple heavily and If Apple has outsourcing it then its bad news for Skyworks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/699005390","repostId":"1156042491","repostType":2,"isVote":1,"tweetType":1,"viewCount":971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":607023178,"gmtCreate":1639460882305,"gmtModify":1639460882415,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"To evaluate more&nbsp;","listText":"To evaluate more&nbsp;","text":"To evaluate more","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/607023178","repostId":"1111329217","repostType":4,"isVote":1,"tweetType":1,"viewCount":990,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698987360,"gmtCreate":1640276576341,"gmtModify":1640276576463,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Sounds good&nbsp;","listText":"Sounds good&nbsp;","text":"Sounds good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698987360","repostId":"1152565085","repostType":4,"isVote":1,"tweetType":1,"viewCount":654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":690334570,"gmtCreate":1639632331095,"gmtModify":1639632443263,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Good article&nbsp;","listText":"Good article&nbsp;","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/690334570","repostId":"2191399540","repostType":2,"repost":{"id":"2191399540","kind":"highlight","pubTimestamp":1639624268,"share":"https://www.laohu8.com/m/news/2191399540?lang=&edition=full","pubTime":"2021-12-16 11:11","market":"us","language":"en","title":"After a dazzling 2021, Apple and Tesla stocks are expected to be duds in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2191399540","media":"MarketWatch","summary":"Here’s the outlook for the 25 stocks that have contributed more than half of the S&P 500 index’s gai","content":"<p>Here’s the outlook for the 25 stocks that have contributed more than half of the S&amp;P 500 index’s gain this year</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c7f9d26b6e333f1a0e3ef46a61239eb7\" tg-width=\"700\" tg-height=\"487\" referrerpolicy=\"no-referrer\"><span>Shares of Apple have returned 32% this year, while Tesla has risen 36%. Getty Images</span></p>\n<p>A report from Goldman Sachs shows how much of investors’ money is concentrated in only five high-flying stocks. And a screen of the biggest contributors to this year’s excellent performance for the S&amp;P 500 index highlights two that are expected not to perform well in 2022: Apple and Tesla.</p>\n<p>Just five stocks — Microsoft Corp.,Alphabet Inc.,Apple Inc.,Nvidia Corp.&nbsp;and Tesla Inc.&nbsp;— contributed over a third of the S&amp;P 500 Index’s&nbsp;26% total return for 2021 through Dec. 9, according to analysts at Goldman. And from the end of April through Dec. 9, they contributed 51% of the index’s 13% return.</p>\n<p>Moreover, only 25 stocks accounted for 58% of the index’s gains, including reinvested dividends, through Dec. 9, Goldman said. Its list of those stocks is below, along with screens of Wall Street analysts’ expectations for the group as we look ahead to 2022 and 2023.</p>\n<p>The analysts, led by David Kostin, pointed out that “market breadth has narrowed substantially” over the past several months. In other words, investors have concentrated more of their money (and risk) in the largest tech companies, by market capitalization.</p>\n<p>That said, the Goldman analysts continue to recommend that long-term investors “own high-growth, high-margin stocks.”</p>\n<p><b>Digging into the 25 biggest contributors to the S&amp;P 500’s returns this year</b></p>\n<p>This list shows each of the 25 stocks and their “contributions” to the gains, expressed in basis points. (A basis point is one 100th of a percent. ) The table also includes pricing information — closing prices as of Dec. 14 with declines from 52-week highs and the dates of those highs.</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>Ticker</b></td>\n   <td><b>Total return – 2021 through Dec. 9</b></td>\n   <td><b>Contribution to S&amp;P 500’s return for 2021 through Dec. 9 (basis points)</b></td>\n   <td><b>Closing Price – 12/14/21</b></td>\n   <td><b>Decline from 52-week high</b></td>\n   <td><b>Date of 52-week high</b></td>\n  </tr>\n  <tr>\n   <td>Microsoft Corp.</td>\n   <td>MSFT</td>\n   <td>51%</td>\n   <td>271</td>\n   <td>$328.34</td>\n   <td>-6.1%</td>\n   <td>11/22/2021</td>\n  </tr>\n  <tr>\n   <td>Alphabet Inc. Class A</td>\n   <td>GOOGL</td>\n   <td>68%</td>\n   <td>224</td>\n   <td>$2,878.14</td>\n   <td>-4.7%</td>\n   <td>11/19/2021</td>\n  </tr>\n  <tr>\n   <td>Apple Inc.</td>\n   <td>AAPL</td>\n   <td>32%</td>\n   <td>217</td>\n   <td>$174.33</td>\n   <td>-4.3%</td>\n   <td>12/13/2021</td>\n  </tr>\n  <tr>\n   <td>Nvidia Corp.</td>\n   <td>NVDA</td>\n   <td>134%</td>\n   <td>137</td>\n   <td>$283.37</td>\n   <td>-18.2%</td>\n   <td>11/22/2021</td>\n  </tr>\n  <tr>\n   <td>Tesla Inc.</td>\n   <td>TSLA</td>\n   <td>42%</td>\n   <td>71</td>\n   <td>$958.51</td>\n   <td>-22.9%</td>\n   <td>11/04/2021</td>\n  </tr>\n  <tr>\n   <td>Home Depot Inc.</td>\n   <td>HD</td>\n   <td>58%</td>\n   <td>52</td>\n   <td>$402.20</td>\n   <td>-4.4%</td>\n   <td>12/06/2021</td>\n  </tr>\n  <tr>\n   <td>Meta Platforms Inc. Class A</td>\n   <td>FB</td>\n   <td>21%</td>\n   <td>43</td>\n   <td>$333.74</td>\n   <td>-13.2%</td>\n   <td>09/01/2021</td>\n  </tr>\n  <tr>\n   <td>UnitedHealth Group Inc.</td>\n   <td>UNH</td>\n   <td>37%</td>\n   <td>39</td>\n   <td>$479.46</td>\n   <td>-0.7%</td>\n   <td>12/14/2021</td>\n  </tr>\n  <tr>\n   <td>Bank of America Corp</td>\n   <td>BAC</td>\n   <td>50%</td>\n   <td>36</td>\n   <td>$44.13</td>\n   <td>-9.4%</td>\n   <td>11/03/2021</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase &amp; Co.</td>\n   <td>JPM</td>\n   <td>29%</td>\n   <td>36</td>\n   <td>$159.13</td>\n   <td>-8.0%</td>\n   <td>10/25/2021</td>\n  </tr>\n  <tr>\n   <td>Exxon Mobil Corp.</td>\n   <td>XOM</td>\n   <td>61%</td>\n   <td>34</td>\n   <td>$61.54</td>\n   <td>-7.3%</td>\n   <td>11/08/2021</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway Inc. Class B</td>\n   <td>BRK</td>\n   <td>23%</td>\n   <td>32</td>\n   <td>$295.03</td>\n   <td>-0.5%</td>\n   <td>12/14/2021</td>\n  </tr>\n  <tr>\n   <td>Amazon.com Inc.</td>\n   <td>AMZN</td>\n   <td>7%</td>\n   <td>31</td>\n   <td>$3,381.83</td>\n   <td>-10.4%</td>\n   <td>07/13/2021</td>\n  </tr>\n  <tr>\n   <td>Pfizer Inc.</td>\n   <td>PFE</td>\n   <td>47%</td>\n   <td>30</td>\n   <td>$55.54</td>\n   <td>-0.7%</td>\n   <td>12/14/2021</td>\n  </tr>\n  <tr>\n   <td>Wells Fargo &amp; Co.</td>\n   <td>WFC</td>\n   <td>67%</td>\n   <td>26</td>\n   <td>$48.89</td>\n   <td>-7.0%</td>\n   <td>11/03/2021</td>\n  </tr>\n  <tr>\n   <td>Chevron Corp.</td>\n   <td>CVX</td>\n   <td>47%</td>\n   <td>24</td>\n   <td>$116.22</td>\n   <td>-2.5%</td>\n   <td>12/08/2021</td>\n  </tr>\n  <tr>\n   <td>Intuit Inc.</td>\n   <td>INTU</td>\n   <td>76%</td>\n   <td>24</td>\n   <td>$639.48</td>\n   <td>-10.8%</td>\n   <td>11/19/2021</td>\n  </tr>\n  <tr>\n   <td>Lowe’s Companies Inc.</td>\n   <td><a href=\"https://www.marketwatch.com/investing/stock/LOW?mod=MW_story_quote\" target=\"_blank\">LOW</a></td>\n   <td>63%</td>\n   <td>23</td>\n   <td>$252.46</td>\n   <td>-4.1%</td>\n   <td>12/13/2021</td>\n  </tr>\n  <tr>\n   <td>Accenture Plc Class A</td>\n   <td>ACN</td>\n   <td>44%</td>\n   <td>23</td>\n   <td>$369.73</td>\n   <td>-3.0%</td>\n   <td>12/13/2021</td>\n  </tr>\n  <tr>\n   <td>Thermo Fisher Scientific Inc.</td>\n   <td>TMO</td>\n   <td>37%</td>\n   <td>22</td>\n   <td>$632.11</td>\n   <td>-5.2%</td>\n   <td>11/26/2021</td>\n  </tr>\n  <tr>\n   <td>Costco Wholesale Corp.</td>\n   <td>COST</td>\n   <td>40%</td>\n   <td>21</td>\n   <td>$545.34</td>\n   <td>-2.8%</td>\n   <td>12/10/2021</td>\n  </tr>\n  <tr>\n   <td>Broadcom Inc.</td>\n   <td>AVGO</td>\n   <td>36%</td>\n   <td>20</td>\n   <td>$614.91</td>\n   <td>-4.6%</td>\n   <td>12/10/2021</td>\n  </tr>\n  <tr>\n   <td>Adobe Inc.</td>\n   <td>ADBE</td>\n   <td>26%</td>\n   <td>20</td>\n   <td>$614.86</td>\n   <td>-12.1%</td>\n   <td>11/22/2021</td>\n  </tr>\n  <tr>\n   <td>Danaher Corp.</td>\n   <td>DHR</td>\n   <td>44%</td>\n   <td>20</td>\n   <td>$307.70</td>\n   <td>-7.9%</td>\n   <td>09/10/2021</td>\n  </tr>\n  <tr>\n   <td>Eli Lilly and Co.</td>\n   <td>LLY</td>\n   <td>46%</td>\n   <td>19</td>\n   <td>$249.38</td>\n   <td>-9.6%</td>\n   <td>08/17/2021</td>\n  </tr>\n </tbody>\n</table>\n<p>Sources: Goldman Sachs, FactSet</p>\n<table>\n <tbody></tbody>\n</table>\n<p>We included the declines from 52-week highs through Dec. 14 to illustrate how volatile the stocks of rapidly growing tech giants can be. Shares of Nvidia, for example, were down 18% from the high reached Nov. 22. Tesla has tumbled into bear-market territory three times in 2021 and is down 23% from its high reached Nov. 4.</p>\n<p>Leaving the list in the same order, here are consensus estimates among analysts polled by FactSet for sales (in millions of dollars) for calendar years through 2023, with projected compound annual growth rates (CAGR):</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>Ticker</b></td>\n   <td><b>Estimated revenue – 2021</b></td>\n   <td><b>Estimated revenue – 2022</b></td>\n   <td><b>Estimated revenue – 2023</b></td>\n   <td><b>Two-year estimated sales CAGR</b></td>\n  </tr>\n  <tr>\n   <td>Microsoft Corp.</td>\n   <td>MSFT</td>\n   <td>$182,593</td>\n   <td>$210,753</td>\n   <td>$240,396</td>\n   <td>14.7%</td>\n  </tr>\n  <tr>\n   <td>Alphabet Inc. Class A</td>\n   <td>GOOGL</td>\n   <td>$254,060</td>\n   <td>$296,677</td>\n   <td>$341,671</td>\n   <td>16.0%</td>\n  </tr>\n  <tr>\n   <td>Apple Inc.</td>\n   <td>AAPL</td>\n   <td>$369,729</td>\n   <td>$389,037</td>\n   <td>$413,789</td>\n   <td>5.8%</td>\n  </tr>\n  <tr>\n   <td>Nvidia Corp.</td>\n   <td>NVDA</td>\n   <td>$25,754</td>\n   <td>$31,175</td>\n   <td>$36,380</td>\n   <td>18.9%</td>\n  </tr>\n  <tr>\n   <td>Tesla Inc.</td>\n   <td>TSLA</td>\n   <td>$51,678</td>\n   <td>$73,183</td>\n   <td>$89,639</td>\n   <td>31.7%</td>\n  </tr>\n  <tr>\n   <td>Home Depot Inc.</td>\n   <td>HD</td>\n   <td>$148,615</td>\n   <td>$153,285</td>\n   <td>$158,252</td>\n   <td>3.2%</td>\n  </tr>\n  <tr>\n   <td>Meta Platforms Inc. Class A</td>\n   <td>FB</td>\n   <td>$117,569</td>\n   <td>$139,805</td>\n   <td>$164,737</td>\n   <td>18.4%</td>\n  </tr>\n  <tr>\n   <td>UnitedHealth Group Inc.</td>\n   <td>UNH</td>\n   <td>$286,410</td>\n   <td>$316,412</td>\n   <td>$342,740</td>\n   <td>9.4%</td>\n  </tr>\n  <tr>\n   <td>Bank of America Corp</td>\n   <td>BAC</td>\n   <td>$89,268</td>\n   <td>$93,591</td>\n   <td>$99,180</td>\n   <td>5.4%</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase &amp; Co.</td>\n   <td>JPM</td>\n   <td>$123,128</td>\n   <td>$123,405</td>\n   <td>$130,270</td>\n   <td>2.9%</td>\n  </tr>\n  <tr>\n   <td>Exxon Mobil Corp.</td>\n   <td>XOM</td>\n   <td>$294,130</td>\n   <td>$308,304</td>\n   <td>$292,830</td>\n   <td>-0.2%</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway Inc. Class B</td>\n   <td>BRK</td>\n   <td>$294,667</td>\n   <td>$294,894</td>\n   <td>$309,287</td>\n   <td>2.5%</td>\n  </tr>\n  <tr>\n   <td>Amazon.com Inc.</td>\n   <td>AMZN</td>\n   <td>$470,607</td>\n   <td>$553,097</td>\n   <td>$649,246</td>\n   <td>17.5%</td>\n  </tr>\n  <tr>\n   <td>Pfizer Inc.</td>\n   <td>PFE</td>\n   <td>$81,333</td>\n   <td>$92,070</td>\n   <td>$72,748</td>\n   <td>-5.4%</td>\n  </tr>\n  <tr>\n   <td>Wells Fargo &amp; Co.</td>\n   <td>WFC</td>\n   <td>$76,024</td>\n   <td>$72,048</td>\n   <td>$75,462</td>\n   <td>-0.4%</td>\n  </tr>\n  <tr>\n   <td>Chevron Corp.</td>\n   <td>CVX</td>\n   <td>$155,748</td>\n   <td>$168,114</td>\n   <td>$159,898</td>\n   <td>1.3%</td>\n  </tr>\n  <tr>\n   <td>Intuit Inc.</td>\n   <td>INTU</td>\n   <td>$10,714</td>\n   <td>$12,980</td>\n   <td>$14,881</td>\n   <td>17.9%</td>\n  </tr>\n  <tr>\n   <td>Lowe’s Companies Inc.</td>\n   <td>LOW</td>\n   <td>$95,152</td>\n   <td>$97,459</td>\n   <td>$100,080</td>\n   <td>2.6%</td>\n  </tr>\n  <tr>\n   <td>Accenture Plc Class A</td>\n   <td>ACN</td>\n   <td>$52,819</td>\n   <td>$58,906</td>\n   <td>$63,622</td>\n   <td>9.8%</td>\n  </tr>\n  <tr>\n   <td>Thermo Fisher Scientific Inc.</td>\n   <td>TMO</td>\n   <td>$37,210</td>\n   <td>$39,493</td>\n   <td>$42,053</td>\n   <td>6.3%</td>\n  </tr>\n  <tr>\n   <td>Costco Wholesale Corp.</td>\n   <td>COST</td>\n   <td>$203,027</td>\n   <td>$222,877</td>\n   <td>$238,794</td>\n   <td>8.5%</td>\n  </tr>\n  <tr>\n   <td>Broadcom Inc.</td>\n   <td>AVGO</td>\n   <td>$27,976</td>\n   <td>$30,877</td>\n   <td>$32,521</td>\n   <td>7.8%</td>\n  </tr>\n  <tr>\n   <td>Adobe Inc.</td>\n   <td>ADBE</td>\n   <td>$15,957</td>\n   <td>$18,393</td>\n   <td>$21,000</td>\n   <td>14.7%</td>\n  </tr>\n  <tr>\n   <td>Danaher Corp.</td>\n   <td>DHR</td>\n   <td>$29,116</td>\n   <td>$30,792</td>\n   <td>$32,437</td>\n   <td>5.5%</td>\n  </tr>\n  <tr>\n   <td>Eli Lilly and Co.</td>\n   <td>LLY</td>\n   <td>$27,601</td>\n   <td>$27,774</td>\n   <td>$30,366</td>\n   <td>4.9%</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: FactSet</p>\n<p>Here’s another look ahead, this time at earnings-per-share estimates</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>Ticker</b></td>\n   <td><b>Estimated EPS – 2021</b></td>\n   <td><b>Estimated EPS – 2022</b></td>\n   <td><b>Estimated EPS – 2023</b></td>\n   <td><b>Two-year estimated EPS CAGR</b></td>\n  </tr>\n  <tr>\n   <td>Microsoft Corp.</td>\n   <td>MSFT</td>\n   <td>$8.60</td>\n   <td>$9.85</td>\n   <td>$11.44</td>\n   <td>15.3%</td>\n  </tr>\n  <tr>\n   <td>Alphabet Inc. Class A</td>\n   <td>GOOGL</td>\n   <td>$108.65</td>\n   <td>$113.97</td>\n   <td>$130.48</td>\n   <td>9.6%</td>\n  </tr>\n  <tr>\n   <td>Apple Inc.</td>\n   <td>AAPL</td>\n   <td>$5.64</td>\n   <td>$5.85</td>\n   <td>$6.27</td>\n   <td>5.4%</td>\n  </tr>\n  <tr>\n   <td>Nvidia Corp.</td>\n   <td>NVDA</td>\n   <td>$4.18</td>\n   <td>$5.08</td>\n   <td>$6.15</td>\n   <td>21.3%</td>\n  </tr>\n  <tr>\n   <td>Tesla Inc.</td>\n   <td>TSLA</td>\n   <td>$5.99</td>\n   <td>$8.64</td>\n   <td>$11.46</td>\n   <td>38.3%</td>\n  </tr>\n  <tr>\n   <td>Home Depot Inc.</td>\n   <td>HD</td>\n   <td>$15.17</td>\n   <td>$16.13</td>\n   <td>$17.30</td>\n   <td>6.8%</td>\n  </tr>\n  <tr>\n   <td>Meta Platforms Inc. Class A</td>\n   <td>FB</td>\n   <td>$13.94</td>\n   <td>$14.24</td>\n   <td>$16.94</td>\n   <td>10.3%</td>\n  </tr>\n  <tr>\n   <td>UnitedHealth Group Inc.</td>\n   <td>UNH</td>\n   <td>$18.84</td>\n   <td>$21.63</td>\n   <td>$24.58</td>\n   <td>14.2%</td>\n  </tr>\n  <tr>\n   <td>Bank of America Corp</td>\n   <td>BAC</td>\n   <td>$3.52</td>\n   <td>$3.19</td>\n   <td>$3.63</td>\n   <td>1.5%</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase &amp; Co.</td>\n   <td>JPM</td>\n   <td>$14.98</td>\n   <td>$12.03</td>\n   <td>$13.23</td>\n   <td>-6.0%</td>\n  </tr>\n  <tr>\n   <td>Exxon Mobil Corp.</td>\n   <td>XOM</td>\n   <td>$5.03</td>\n   <td>$5.79</td>\n   <td>$5.59</td>\n   <td>5.4%</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway Inc. Class B</td>\n   <td>BRK</td>\n   <td>$11.65</td>\n   <td>$12.63</td>\n   <td>$14.13</td>\n   <td>10.1%</td>\n  </tr>\n  <tr>\n   <td>Amazon.com Inc.</td>\n   <td>AMZN</td>\n   <td>$41.31</td>\n   <td>$51.54</td>\n   <td>$76.68</td>\n   <td>36.2%</td>\n  </tr>\n  <tr>\n   <td>Pfizer Inc.</td>\n   <td>PFE</td>\n   <td>$4.19</td>\n   <td>$5.75</td>\n   <td>$4.87</td>\n   <td>7.8%</td>\n  </tr>\n  <tr>\n   <td>Wells Fargo &amp; Co.</td>\n   <td>WFC</td>\n   <td>$4.63</td>\n   <td>$3.72</td>\n   <td>$4.41</td>\n   <td>-2.4%</td>\n  </tr>\n  <tr>\n   <td>Chevron Corp.</td>\n   <td>CVX</td>\n   <td>$8.36</td>\n   <td>$9.42</td>\n   <td>$8.78</td>\n   <td>2.5%</td>\n  </tr>\n  <tr>\n   <td>Intuit Inc.</td>\n   <td>INTU</td>\n   <td>$10.56</td>\n   <td>$12.51</td>\n   <td>$14.70</td>\n   <td>18.0%</td>\n  </tr>\n  <tr>\n   <td>Lowe’s Companies Inc.</td>\n   <td>LOW</td>\n   <td>$11.71</td>\n   <td>$12.86</td>\n   <td>$14.40</td>\n   <td>10.9%</td>\n  </tr>\n  <tr>\n   <td>Accenture Plc Class A</td>\n   <td>ACN</td>\n   <td>$9.25</td>\n   <td>$10.48</td>\n   <td>$11.59</td>\n   <td>11.9%</td>\n  </tr>\n  <tr>\n   <td>Thermo Fisher Scientific Inc.</td>\n   <td>TMO</td>\n   <td>$23.45</td>\n   <td>$21.17</td>\n   <td>$23.34</td>\n   <td>-0.2%</td>\n  </tr>\n  <tr>\n   <td>Costco Wholesale Corp.</td>\n   <td>COST</td>\n   <td>$11.63</td>\n   <td>$13.06</td>\n   <td>$14.33</td>\n   <td>11.0%</td>\n  </tr>\n  <tr>\n   <td>Broadcom Inc.</td>\n   <td>AVGO</td>\n   <td>$28.83</td>\n   <td>$33.53</td>\n   <td>$36.69</td>\n   <td>12.8%</td>\n  </tr>\n  <tr>\n   <td>Adobe Inc.</td>\n   <td>ADBE</td>\n   <td>$12.63</td>\n   <td>$14.47</td>\n   <td>$16.88</td>\n   <td>15.6%</td>\n  </tr>\n  <tr>\n   <td>Danaher Corp.</td>\n   <td>DHR</td>\n   <td>$9.82</td>\n   <td>$10.16</td>\n   <td>$10.72</td>\n   <td>4.5%</td>\n  </tr>\n  <tr>\n   <td>Eli Lilly and Co.</td>\n   <td>LLY</td>\n   <td>$8.02</td>\n   <td>$8.13</td>\n   <td>$9.71</td>\n   <td>10.1%</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: FactSet</p>\n<p>Here’s a summary of Wall Street analysts’ opinions about the stocks:</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>Ticker</b></td>\n   <td><b>Share “buy” ratings</b></td>\n   <td><b>Share neutral ratings</b></td>\n   <td><b>Share “sell” ratings</b></td>\n   <td><b>Closing price – 12/14/21</b></td>\n   <td><b>Consensus price target</b></td>\n   <td><b>Implied 12-month upside potential</b></td>\n  </tr>\n  <tr>\n   <td>Microsoft Corp.</td>\n   <td>MSFT</td>\n   <td>90%</td>\n   <td>10%</td>\n   <td>0%</td>\n   <td>$328.34</td>\n   <td>$366.41</td>\n   <td>12%</td>\n  </tr>\n  <tr>\n   <td>Alphabet Inc. Class A</td>\n   <td>GOOGL</td>\n   <td>94%</td>\n   <td>6%</td>\n   <td>0%</td>\n   <td>$2,878.14</td>\n   <td>$3,333.70</td>\n   <td>16%</td>\n  </tr>\n  <tr>\n   <td>Apple Inc.</td>\n   <td>AAPL</td>\n   <td>79%</td>\n   <td>19%</td>\n   <td>2%</td>\n   <td>$174.33</td>\n   <td>$174.35</td>\n   <td>0%</td>\n  </tr>\n  <tr>\n   <td>Nvidia Corp.</td>\n   <td>NVDA</td>\n   <td>81%</td>\n   <td>12%</td>\n   <td>7%</td>\n   <td>$283.37</td>\n   <td>$341.51</td>\n   <td>21%</td>\n  </tr>\n  <tr>\n   <td>Tesla Inc.</td>\n   <td>TSLA</td>\n   <td>43%</td>\n   <td>30%</td>\n   <td>28%</td>\n   <td>$958.51</td>\n   <td>$860.35</td>\n   <td>-10%</td>\n  </tr>\n  <tr>\n   <td>Home Depot Inc.</td>\n   <td>HD</td>\n   <td>65%</td>\n   <td>32%</td>\n   <td>3%</td>\n   <td>$402.20</td>\n   <td>$417.16</td>\n   <td>4%</td>\n  </tr>\n  <tr>\n   <td>Meta Platforms Inc. Class A</td>\n   <td>FB</td>\n   <td>76%</td>\n   <td>22%</td>\n   <td>2%</td>\n   <td>$333.74</td>\n   <td>$398.32</td>\n   <td>19%</td>\n  </tr>\n  <tr>\n   <td>UnitedHealth Group Inc.</td>\n   <td>UNH</td>\n   <td>85%</td>\n   <td>11%</td>\n   <td>4%</td>\n   <td>$479.46</td>\n   <td>$490.88</td>\n   <td>2%</td>\n  </tr>\n  <tr>\n   <td>Bank of America Corp</td>\n   <td>BAC</td>\n   <td>64%</td>\n   <td>25%</td>\n   <td>11%</td>\n   <td>$44.13</td>\n   <td>$49.83</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>JPMorgan Chase &amp; Co.</td>\n   <td>JPM</td>\n   <td>61%</td>\n   <td>32%</td>\n   <td>7%</td>\n   <td>$159.13</td>\n   <td>$179.70</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>Exxon Mobil Corp.</td>\n   <td>XOM</td>\n   <td>39%</td>\n   <td>51%</td>\n   <td>10%</td>\n   <td>$61.54</td>\n   <td>$72.97</td>\n   <td>19%</td>\n  </tr>\n  <tr>\n   <td>Berkshire Hathaway Inc. Class B</td>\n   <td>BRK</td>\n   <td>43%</td>\n   <td>57%</td>\n   <td>0%</td>\n   <td>$295.03</td>\n   <td>$332.50</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>Amazon.com Inc.</td>\n   <td>AMZN</td>\n   <td>94%</td>\n   <td>6%</td>\n   <td>0%</td>\n   <td>$3,381.83</td>\n   <td>$4,102.98</td>\n   <td>21%</td>\n  </tr>\n  <tr>\n   <td>Pfizer Inc.</td>\n   <td>PFE</td>\n   <td>38%</td>\n   <td>58%</td>\n   <td>4%</td>\n   <td>$55.54</td>\n   <td>$53.67</td>\n   <td>-3%</td>\n  </tr>\n  <tr>\n   <td>Wells Fargo &amp; Co.</td>\n   <td>WFC</td>\n   <td>67%</td>\n   <td>33%</td>\n   <td>0%</td>\n   <td>$48.89</td>\n   <td>$54.90</td>\n   <td>12%</td>\n  </tr>\n  <tr>\n   <td>Chevron Corp.</td>\n   <td>CVX</td>\n   <td>68%</td>\n   <td>32%</td>\n   <td>0%</td>\n   <td>$116.22</td>\n   <td>$130.36</td>\n   <td>12%</td>\n  </tr>\n  <tr>\n   <td>Intuit Inc.</td>\n   <td>INTU</td>\n   <td>83%</td>\n   <td>13%</td>\n   <td>4%</td>\n   <td>$639.48</td>\n   <td>$756.29</td>\n   <td>18%</td>\n  </tr>\n  <tr>\n   <td>Lowe’s Companies Inc.</td>\n   <td>LOW</td>\n   <td>73%</td>\n   <td>24%</td>\n   <td>3%</td>\n   <td>$252.46</td>\n   <td>$272.43</td>\n   <td>8%</td>\n  </tr>\n  <tr>\n   <td>Accenture Plc Class A</td>\n   <td>ACN</td>\n   <td>70%</td>\n   <td>26%</td>\n   <td>4%</td>\n   <td>$369.73</td>\n   <td>$383.68</td>\n   <td>4%</td>\n  </tr>\n  <tr>\n   <td>Thermo Fisher Scientific Inc.</td>\n   <td>TMO</td>\n   <td>83%</td>\n   <td>13%</td>\n   <td>4%</td>\n   <td>$632.11</td>\n   <td>$682.47</td>\n   <td>8%</td>\n  </tr>\n  <tr>\n   <td>Costco Wholesale Corp.</td>\n   <td>COST</td>\n   <td>59%</td>\n   <td>35%</td>\n   <td>6%</td>\n   <td>$545.34</td>\n   <td>$551.75</td>\n   <td>1%</td>\n  </tr>\n  <tr>\n   <td>Broadcom Inc.</td>\n   <td>AVGO</td>\n   <td>84%</td>\n   <td>13%</td>\n   <td>3%</td>\n   <td>$614.91</td>\n   <td>$682.70</td>\n   <td>11%</td>\n  </tr>\n  <tr>\n   <td>Adobe Inc.</td>\n   <td>ADBE</td>\n   <td>81%</td>\n   <td>19%</td>\n   <td>0%</td>\n   <td>$614.86</td>\n   <td>$720.69</td>\n   <td>17%</td>\n  </tr>\n  <tr>\n   <td>Danaher Corp.</td>\n   <td>DHR</td>\n   <td>82%</td>\n   <td>14%</td>\n   <td>4%</td>\n   <td>$307.70</td>\n   <td>$350.29</td>\n   <td>14%</td>\n  </tr>\n  <tr>\n   <td>Eli Lilly and Co.</td>\n   <td>LLY</td>\n   <td>67%</td>\n   <td>28%</td>\n   <td>5%</td>\n   <td>$249.38</td>\n   <td>$279.72</td>\n   <td>12%</td>\n  </tr>\n </tbody>\n</table>\n<p>Source: FactSet</p>\n<p>Here are six data highlights to consider:</p>\n<ul>\n <li>Two of this year’s best performers are expected to be poor performers next year, based on the price targets: Apple and Tesla.</li>\n <li>Apple is expected to show much slower sales and earnings growth than the rest of the top five companies on the list through 2023.</li>\n <li>Tesla’s expected two-year sales CAGR of 31.7% is by far the highest on the list. But only 43% of analysts polled by FactSet rate the stock a “buy.”</li>\n <li>Tesla also has the highest expected EPS CAGR through 2023 at 38.3%, but Amazon.com Inc.&nbsp;is right behind, with a projected EPS CAGR of 36.2%. Next on the list by this measure is Nvidia, at 21.3%.</li>\n <li>From the price targets, Nvidia and Amazon are Wall Street analysts’ favorite stocks on the list, with implied 12-month upside of 21%.</li>\n <li>Pfizer Inc.’s&nbsp;sales are expected to rise in 2022 but fall in 2023 to a level below that of 2021, according to analysts polled by FactSet. That could reflect expectations that the coronavirus pandemic will be ending.</li>\n</ul>","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>After a dazzling 2021, Apple and Tesla stocks are expected to be duds in 2022</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\">\nAfter a dazzling 2021, Apple and Tesla stocks are expected to be duds in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-16 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/after-a-dazzling-2021-apple-and-tesla-stocks-are-expected-to-be-duds-in-2022-11639582194?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here’s the outlook for the 25 stocks that have contributed more than half of the S&P 500 index’s gain this year\nShares of Apple have returned 32% this year, while Tesla has risen 36%. Getty Images\nA ...</p>\n\n<a href=\"https://www.marketwatch.com/story/after-a-dazzling-2021-apple-and-tesla-stocks-are-expected-to-be-duds-in-2022-11639582194?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4550":"红杉资本持仓","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","AAPL":"苹果","TSLA":"特斯拉","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","BK4170":"电脑硬件、储存设备及电脑周边","MSFT":"微软","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4501":"段永平概念","BK4532":"文艺复兴科技持仓","BK4553":"喜马拉雅资本持仓","GOOGL":"谷歌A","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4555":"新能源车","NVDA":"英伟达","GOOG":"谷歌","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4559":"巴菲特持仓","BK4527":"明星科技股"},"source_url":"https://www.marketwatch.com/story/after-a-dazzling-2021-apple-and-tesla-stocks-are-expected-to-be-duds-in-2022-11639582194?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2191399540","content_text":"Here’s the outlook for the 25 stocks that have contributed more than half of the S&P 500 index’s gain this year\nShares of Apple have returned 32% this year, while Tesla has risen 36%. Getty Images\nA report from Goldman Sachs shows how much of investors’ money is concentrated in only five high-flying stocks. And a screen of the biggest contributors to this year’s excellent performance for the S&P 500 index highlights two that are expected not to perform well in 2022: Apple and Tesla.\nJust five stocks — Microsoft Corp.,Alphabet Inc.,Apple Inc.,Nvidia Corp. and Tesla Inc. — contributed over a third of the S&P 500 Index’s 26% total return for 2021 through Dec. 9, according to analysts at Goldman. And from the end of April through Dec. 9, they contributed 51% of the index’s 13% return.\nMoreover, only 25 stocks accounted for 58% of the index’s gains, including reinvested dividends, through Dec. 9, Goldman said. Its list of those stocks is below, along with screens of Wall Street analysts’ expectations for the group as we look ahead to 2022 and 2023.\nThe analysts, led by David Kostin, pointed out that “market breadth has narrowed substantially” over the past several months. In other words, investors have concentrated more of their money (and risk) in the largest tech companies, by market capitalization.\nThat said, the Goldman analysts continue to recommend that long-term investors “own high-growth, high-margin stocks.”\nDigging into the 25 biggest contributors to the S&P 500’s returns this year\nThis list shows each of the 25 stocks and their “contributions” to the gains, expressed in basis points. (A basis point is one 100th of a percent. ) The table also includes pricing information — closing prices as of Dec. 14 with declines from 52-week highs and the dates of those highs.\n\n\n\nCompany\nTicker\nTotal return – 2021 through Dec. 9\nContribution to S&P 500’s return for 2021 through Dec. 9 (basis points)\nClosing Price – 12/14/21\nDecline from 52-week high\nDate of 52-week high\n\n\nMicrosoft Corp.\nMSFT\n51%\n271\n$328.34\n-6.1%\n11/22/2021\n\n\nAlphabet Inc. Class A\nGOOGL\n68%\n224\n$2,878.14\n-4.7%\n11/19/2021\n\n\nApple Inc.\nAAPL\n32%\n217\n$174.33\n-4.3%\n12/13/2021\n\n\nNvidia Corp.\nNVDA\n134%\n137\n$283.37\n-18.2%\n11/22/2021\n\n\nTesla Inc.\nTSLA\n42%\n71\n$958.51\n-22.9%\n11/04/2021\n\n\nHome Depot Inc.\nHD\n58%\n52\n$402.20\n-4.4%\n12/06/2021\n\n\nMeta Platforms Inc. Class A\nFB\n21%\n43\n$333.74\n-13.2%\n09/01/2021\n\n\nUnitedHealth Group Inc.\nUNH\n37%\n39\n$479.46\n-0.7%\n12/14/2021\n\n\nBank of America Corp\nBAC\n50%\n36\n$44.13\n-9.4%\n11/03/2021\n\n\nJPMorgan Chase & Co.\nJPM\n29%\n36\n$159.13\n-8.0%\n10/25/2021\n\n\nExxon Mobil Corp.\nXOM\n61%\n34\n$61.54\n-7.3%\n11/08/2021\n\n\nBerkshire Hathaway Inc. Class B\nBRK\n23%\n32\n$295.03\n-0.5%\n12/14/2021\n\n\nAmazon.com Inc.\nAMZN\n7%\n31\n$3,381.83\n-10.4%\n07/13/2021\n\n\nPfizer Inc.\nPFE\n47%\n30\n$55.54\n-0.7%\n12/14/2021\n\n\nWells Fargo & Co.\nWFC\n67%\n26\n$48.89\n-7.0%\n11/03/2021\n\n\nChevron Corp.\nCVX\n47%\n24\n$116.22\n-2.5%\n12/08/2021\n\n\nIntuit Inc.\nINTU\n76%\n24\n$639.48\n-10.8%\n11/19/2021\n\n\nLowe’s Companies Inc.\nLOW\n63%\n23\n$252.46\n-4.1%\n12/13/2021\n\n\nAccenture Plc Class A\nACN\n44%\n23\n$369.73\n-3.0%\n12/13/2021\n\n\nThermo Fisher Scientific Inc.\nTMO\n37%\n22\n$632.11\n-5.2%\n11/26/2021\n\n\nCostco Wholesale Corp.\nCOST\n40%\n21\n$545.34\n-2.8%\n12/10/2021\n\n\nBroadcom Inc.\nAVGO\n36%\n20\n$614.91\n-4.6%\n12/10/2021\n\n\nAdobe Inc.\nADBE\n26%\n20\n$614.86\n-12.1%\n11/22/2021\n\n\nDanaher Corp.\nDHR\n44%\n20\n$307.70\n-7.9%\n09/10/2021\n\n\nEli Lilly and Co.\nLLY\n46%\n19\n$249.38\n-9.6%\n08/17/2021\n\n\n\nSources: Goldman Sachs, FactSet\n\n\n\nWe included the declines from 52-week highs through Dec. 14 to illustrate how volatile the stocks of rapidly growing tech giants can be. Shares of Nvidia, for example, were down 18% from the high reached Nov. 22. Tesla has tumbled into bear-market territory three times in 2021 and is down 23% from its high reached Nov. 4.\nLeaving the list in the same order, here are consensus estimates among analysts polled by FactSet for sales (in millions of dollars) for calendar years through 2023, with projected compound annual growth rates (CAGR):\n\n\n\nCompany\nTicker\nEstimated revenue – 2021\nEstimated revenue – 2022\nEstimated revenue – 2023\nTwo-year estimated sales CAGR\n\n\nMicrosoft Corp.\nMSFT\n$182,593\n$210,753\n$240,396\n14.7%\n\n\nAlphabet Inc. Class A\nGOOGL\n$254,060\n$296,677\n$341,671\n16.0%\n\n\nApple Inc.\nAAPL\n$369,729\n$389,037\n$413,789\n5.8%\n\n\nNvidia Corp.\nNVDA\n$25,754\n$31,175\n$36,380\n18.9%\n\n\nTesla Inc.\nTSLA\n$51,678\n$73,183\n$89,639\n31.7%\n\n\nHome Depot Inc.\nHD\n$148,615\n$153,285\n$158,252\n3.2%\n\n\nMeta Platforms Inc. Class A\nFB\n$117,569\n$139,805\n$164,737\n18.4%\n\n\nUnitedHealth Group Inc.\nUNH\n$286,410\n$316,412\n$342,740\n9.4%\n\n\nBank of America Corp\nBAC\n$89,268\n$93,591\n$99,180\n5.4%\n\n\nJPMorgan Chase & Co.\nJPM\n$123,128\n$123,405\n$130,270\n2.9%\n\n\nExxon Mobil Corp.\nXOM\n$294,130\n$308,304\n$292,830\n-0.2%\n\n\nBerkshire Hathaway Inc. Class B\nBRK\n$294,667\n$294,894\n$309,287\n2.5%\n\n\nAmazon.com Inc.\nAMZN\n$470,607\n$553,097\n$649,246\n17.5%\n\n\nPfizer Inc.\nPFE\n$81,333\n$92,070\n$72,748\n-5.4%\n\n\nWells Fargo & Co.\nWFC\n$76,024\n$72,048\n$75,462\n-0.4%\n\n\nChevron Corp.\nCVX\n$155,748\n$168,114\n$159,898\n1.3%\n\n\nIntuit Inc.\nINTU\n$10,714\n$12,980\n$14,881\n17.9%\n\n\nLowe’s Companies Inc.\nLOW\n$95,152\n$97,459\n$100,080\n2.6%\n\n\nAccenture Plc Class A\nACN\n$52,819\n$58,906\n$63,622\n9.8%\n\n\nThermo Fisher Scientific Inc.\nTMO\n$37,210\n$39,493\n$42,053\n6.3%\n\n\nCostco Wholesale Corp.\nCOST\n$203,027\n$222,877\n$238,794\n8.5%\n\n\nBroadcom Inc.\nAVGO\n$27,976\n$30,877\n$32,521\n7.8%\n\n\nAdobe Inc.\nADBE\n$15,957\n$18,393\n$21,000\n14.7%\n\n\nDanaher Corp.\nDHR\n$29,116\n$30,792\n$32,437\n5.5%\n\n\nEli Lilly and Co.\nLLY\n$27,601\n$27,774\n$30,366\n4.9%\n\n\n\nSource: FactSet\nHere’s another look ahead, this time at earnings-per-share estimates\n\n\n\nCompany\nTicker\nEstimated EPS – 2021\nEstimated EPS – 2022\nEstimated EPS – 2023\nTwo-year estimated EPS CAGR\n\n\nMicrosoft Corp.\nMSFT\n$8.60\n$9.85\n$11.44\n15.3%\n\n\nAlphabet Inc. Class A\nGOOGL\n$108.65\n$113.97\n$130.48\n9.6%\n\n\nApple Inc.\nAAPL\n$5.64\n$5.85\n$6.27\n5.4%\n\n\nNvidia Corp.\nNVDA\n$4.18\n$5.08\n$6.15\n21.3%\n\n\nTesla Inc.\nTSLA\n$5.99\n$8.64\n$11.46\n38.3%\n\n\nHome Depot Inc.\nHD\n$15.17\n$16.13\n$17.30\n6.8%\n\n\nMeta Platforms Inc. Class A\nFB\n$13.94\n$14.24\n$16.94\n10.3%\n\n\nUnitedHealth Group Inc.\nUNH\n$18.84\n$21.63\n$24.58\n14.2%\n\n\nBank of America Corp\nBAC\n$3.52\n$3.19\n$3.63\n1.5%\n\n\nJPMorgan Chase & Co.\nJPM\n$14.98\n$12.03\n$13.23\n-6.0%\n\n\nExxon Mobil Corp.\nXOM\n$5.03\n$5.79\n$5.59\n5.4%\n\n\nBerkshire Hathaway Inc. Class B\nBRK\n$11.65\n$12.63\n$14.13\n10.1%\n\n\nAmazon.com Inc.\nAMZN\n$41.31\n$51.54\n$76.68\n36.2%\n\n\nPfizer Inc.\nPFE\n$4.19\n$5.75\n$4.87\n7.8%\n\n\nWells Fargo & Co.\nWFC\n$4.63\n$3.72\n$4.41\n-2.4%\n\n\nChevron Corp.\nCVX\n$8.36\n$9.42\n$8.78\n2.5%\n\n\nIntuit Inc.\nINTU\n$10.56\n$12.51\n$14.70\n18.0%\n\n\nLowe’s Companies Inc.\nLOW\n$11.71\n$12.86\n$14.40\n10.9%\n\n\nAccenture Plc Class A\nACN\n$9.25\n$10.48\n$11.59\n11.9%\n\n\nThermo Fisher Scientific Inc.\nTMO\n$23.45\n$21.17\n$23.34\n-0.2%\n\n\nCostco Wholesale Corp.\nCOST\n$11.63\n$13.06\n$14.33\n11.0%\n\n\nBroadcom Inc.\nAVGO\n$28.83\n$33.53\n$36.69\n12.8%\n\n\nAdobe Inc.\nADBE\n$12.63\n$14.47\n$16.88\n15.6%\n\n\nDanaher Corp.\nDHR\n$9.82\n$10.16\n$10.72\n4.5%\n\n\nEli Lilly and Co.\nLLY\n$8.02\n$8.13\n$9.71\n10.1%\n\n\n\nSource: FactSet\nHere’s a summary of Wall Street analysts’ opinions about the stocks:\n\n\n\nCompany\nTicker\nShare “buy” ratings\nShare neutral ratings\nShare “sell” ratings\nClosing price – 12/14/21\nConsensus price target\nImplied 12-month upside potential\n\n\nMicrosoft Corp.\nMSFT\n90%\n10%\n0%\n$328.34\n$366.41\n12%\n\n\nAlphabet Inc. Class A\nGOOGL\n94%\n6%\n0%\n$2,878.14\n$3,333.70\n16%\n\n\nApple Inc.\nAAPL\n79%\n19%\n2%\n$174.33\n$174.35\n0%\n\n\nNvidia Corp.\nNVDA\n81%\n12%\n7%\n$283.37\n$341.51\n21%\n\n\nTesla Inc.\nTSLA\n43%\n30%\n28%\n$958.51\n$860.35\n-10%\n\n\nHome Depot Inc.\nHD\n65%\n32%\n3%\n$402.20\n$417.16\n4%\n\n\nMeta Platforms Inc. Class A\nFB\n76%\n22%\n2%\n$333.74\n$398.32\n19%\n\n\nUnitedHealth Group Inc.\nUNH\n85%\n11%\n4%\n$479.46\n$490.88\n2%\n\n\nBank of America Corp\nBAC\n64%\n25%\n11%\n$44.13\n$49.83\n13%\n\n\nJPMorgan Chase & Co.\nJPM\n61%\n32%\n7%\n$159.13\n$179.70\n13%\n\n\nExxon Mobil Corp.\nXOM\n39%\n51%\n10%\n$61.54\n$72.97\n19%\n\n\nBerkshire Hathaway Inc. Class B\nBRK\n43%\n57%\n0%\n$295.03\n$332.50\n13%\n\n\nAmazon.com Inc.\nAMZN\n94%\n6%\n0%\n$3,381.83\n$4,102.98\n21%\n\n\nPfizer Inc.\nPFE\n38%\n58%\n4%\n$55.54\n$53.67\n-3%\n\n\nWells Fargo & Co.\nWFC\n67%\n33%\n0%\n$48.89\n$54.90\n12%\n\n\nChevron Corp.\nCVX\n68%\n32%\n0%\n$116.22\n$130.36\n12%\n\n\nIntuit Inc.\nINTU\n83%\n13%\n4%\n$639.48\n$756.29\n18%\n\n\nLowe’s Companies Inc.\nLOW\n73%\n24%\n3%\n$252.46\n$272.43\n8%\n\n\nAccenture Plc Class A\nACN\n70%\n26%\n4%\n$369.73\n$383.68\n4%\n\n\nThermo Fisher Scientific Inc.\nTMO\n83%\n13%\n4%\n$632.11\n$682.47\n8%\n\n\nCostco Wholesale Corp.\nCOST\n59%\n35%\n6%\n$545.34\n$551.75\n1%\n\n\nBroadcom Inc.\nAVGO\n84%\n13%\n3%\n$614.91\n$682.70\n11%\n\n\nAdobe Inc.\nADBE\n81%\n19%\n0%\n$614.86\n$720.69\n17%\n\n\nDanaher Corp.\nDHR\n82%\n14%\n4%\n$307.70\n$350.29\n14%\n\n\nEli Lilly and Co.\nLLY\n67%\n28%\n5%\n$249.38\n$279.72\n12%\n\n\n\nSource: FactSet\nHere are six data highlights to consider:\n\nTwo of this year’s best performers are expected to be poor performers next year, based on the price targets: Apple and Tesla.\nApple is expected to show much slower sales and earnings growth than the rest of the top five companies on the list through 2023.\nTesla’s expected two-year sales CAGR of 31.7% is by far the highest on the list. But only 43% of analysts polled by FactSet rate the stock a “buy.”\nTesla also has the highest expected EPS CAGR through 2023 at 38.3%, but Amazon.com Inc. is right behind, with a projected EPS CAGR of 36.2%. Next on the list by this measure is Nvidia, at 21.3%.\nFrom the price targets, Nvidia and Amazon are Wall Street analysts’ favorite stocks on the list, with implied 12-month upside of 21%.\nPfizer Inc.’s sales are expected to rise in 2022 but fall in 2023 to a level below that of 2021, according to analysts polled by FactSet. That could reflect expectations that the coronavirus pandemic will be ending.","news_type":1},"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":696116663,"gmtCreate":1640649394059,"gmtModify":1640649394168,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Well written article. Also, is there any chance Pinterest will collaborate with PayPal?&nbsp;","listText":"Well written article. Also, is there any chance Pinterest will collaborate with PayPal?&nbsp;","text":"Well written article. Also, is there any chance Pinterest will collaborate with PayPal?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/696116663","repostId":"1160732619","repostType":2,"repost":{"id":"1160732619","kind":"news","pubTimestamp":1640588282,"share":"https://www.laohu8.com/m/news/1160732619?lang=&edition=full","pubTime":"2021-12-27 14:58","market":"us","language":"en","title":"Pinterest Could Be A Winner For 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=1160732619","media":"seekingalpha","summary":"Summary\n\nDown 43% YTD and 58% off its recent high, Pinterest is severely beaten but on track to gene","content":"<p><b>Summary</b></p>\n<ul>\n <li>Down 43% YTD and 58% off its recent high, Pinterest is severely beaten but on track to generate FY21 $2.6 billion in revenue with a fortress balance sheet.</li>\n <li>Went public at $12.3 billion market cap, today trading at $24.4 billion despite revenue growing from $755 million to $2.6 billion with strong MAU and ARPU growth.</li>\n <li>MAU growth is currently disappointing and a sell-off warranted, but management continues to drive very strong ARPU growth, indicating a strong monetisation and retention outlook.</li>\n <li>Pinterest continues to exhibit strong innovation power striving to increase shoppability of its platform.</li>\n <li>I believe Pinterest could be a potential winner for 2022 in terms of performance if sentiment clears, however, continued MAU uncertainty could bring more stock price pain.</li>\n</ul>\n<p><b>Introduction</b></p>\n<p>I&nbsp;published an article&nbsp;concerning Pinterest(NYSE:PINS)just prior to the company releasing its Q3-2021 results, stating that MAUs (Monthly Active Users) would be the focal point, as growth has slowed dramatically, with particularly the US user base being a problem, as they are the main driver and contributor of revenue measured on a per user basis. The Q2-2021 results showed a -5% reduction Y/Y in its US user base and a total growth in MAU of 9% driven by 13% growth internationally, but with the international segment reporting a much lower revenue per user. I slapped a bullish rating on Pinterest at that point in time, but since then, the stock nosedived an additional 20%. Ouch!</p>\n<p>That article covered the relevance of Pinterest, its strong financial performance, and potential runway ahead. That was just two months ago, so as a reader, you should consider this an extension of that article given that much has happened since then. This article will focus on diving into the numbers to give some perspective, with the significant headlines in recent months include:</p>\n<ul>\n <li>The US userbase continues to contract (minus 10% Y/Y US MAU contraction Q3-2021)</li>\n <li>Rumours concerning a potential PayPal (PYPL) takeover of Pinterest at $70 per share - potential deal failed</li>\n <li>Continuedinsider selling(Nine straight quarters of selling and no buying)</li>\n</ul>\n<p>Pinterest belongs in the basket of high growth innovative tech stocks, where the valuation is typically high and the margin for error is slim if management wants to avoid being punished by the market. The two most important metrics published by the company are the MAU and ARPU (Average Revenue Per User). I don't personally believe the development is as poor as the stock price movement could indicate.</p>\n<p><b>Q3-2021 MAU &amp; ARPU</b></p>\n<p>Before going into the actual quarterly results, I've put together the development for both metrics since 2018 to exhibit the development as opposed to comparing to the Y/Y numerical development alone, which we will get to in a minute.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c37e6bab8934184d0eda8922ad94ee6b\" tg-width=\"1179\" tg-height=\"595\" referrerpolicy=\"no-referrer\"><span>Authors own creation with data from quarterly earnings reports</span></p>\n<p>Evidently, the growth has come to a complete halt and stands in stark contrast to what investors could expect only a few quarters ago - quite dramatic taking the long-term development into consideration. Herein lies the reason for the negative 45% return YTD for the stock price with the growth having slowed down much quicker than anyone could have anticipated. Many, including myself, have been operating under the assumption that the Covid-19 growth gush would slow as it wasn't sustainable, but at this point in time, it seems more like it rammed into a brick wall.</p>\n<p>I do however believe, it is needed to put the development into context. If we rewind the clock to early 2020 during the onset of Covid-19, we can observe a significant upwards spike in MAUs that was never going to be sustainable. Spring of 2021 marked the return to an outdoor life reviving the competition for MAUs' spare time and attention that hadn't existed for an extended period. The same way the exceptional development during 2020 wasn't going to last, the same way I doubt that Pinterest is done growing.</p>\n<p>Naturally, management inserts an 'asterisk' whenever they touch the development of MAUs these days, simply saying that the evolution of Covid-19 and its impact on MAUs remain unknown, which is also a source of uncertainty for investors and a dangerous strategy if you ask me, but also that management believes growth opportunities remain intact. Within the&nbsp;Q3-2021 letter to shareholders, management had the following to say</p>\n<blockquote>\n \"We believe the slowdown in growth in Q3 was due to the continued pandemic unwind in the U.S. and in international markets which caused weakness in our core at-home use cases, Gen Z returning back to school, and search algorithm changes… As lockdowns eased, people have embraced life outside their homes, a trend that caused a dramatic decline of our year-over-year growth rate of monthly active users (MAUs) in Q2 and Q3, as consumer preferences shifted away from our core at-home use cases. Looking beyond the COVID-19-driven volatility, our \n <b>current view on the long-term opportunity to grow our user base, both in the US and globally, remains unchanged from what it was before the pandemic</b>.\"\n</blockquote>\n<p>During the earnings call, CEO Benjamin Silbermann also gave a response to a question concerning how management strives to re-attract those that had a one-time use during the pandemic for an individual project.</p>\n<blockquote>\n \"…unlike more social service where you engage with it almost daily to talk to your friends, Pinterest is something that you might come in, use it for a product, a project and then you may pause. And historically, we've seen a lot of our users use it for a period of time and then come back…\"\n</blockquote>\n<p>Within this response, Silbermann also touches upon a significant difference between social media platforms like Instagram and Facebook(NASDAQ:FB)compared to Pinterest. Users visit IG or FB to look at people (friends, family, colleagues, celebrities, etc.), while they go to Pinterest for inspiration. Inspiration for the next DIY project, travel location, fashion trend, home décor, you name it, which also means that usage should be a bit lumpier. This underlines the thesis that the userbase spiked during the early periods of Covid-19 where we were all locked up and sought inspiration for new activities, DIY projects, etc.</p>\n<p>Furthermore, it also means that ads don't reduce the user experience to the same extent it does when browsing FB or IG. In that regard, Pinterest becomes a search-social hybrid. I think this is important to keep in mind, as it supports stronger monetisation of the userbase by the fact that viral or particularly popular themes or pins, should be able to drive strong revenue via value-adding ads. Discussing the concept of Pinterest with family and friends, the avid users always circle back to the convenience of being able to pick up the item you are spotting in a pin.</p>\n<p>This also reveals itself in the composition of the userbase which has been leaning heavily towards the female audience, leaving a significant untapped potential within the male userbase which could add to Pinterest's grasp as time passes and it moves up the ranks of most used social platforms. I don't see why Pinterest shouldn't be able to drive strong engagement with the male audience as time passes.</p>\n<p><img src=\"https://static.tigerbbs.com/0ed52013ed374cb4414a5f88165295b4\" tg-width=\"1063\" tg-height=\"596\" referrerpolicy=\"no-referrer\"></p>\n<p>In my previous article, I listed some of the interesting&nbsp;metrics&nbsp;that cause me to label Pinterest a higher quality social media platform than the famous peers such as IG or FB, I'll take the liberty to list them once more.</p>\n<ul>\n <li>Pinterest is great for planning life moments. 85% of women use Pinterest to plan life moments compared to 44% for Instagram.</li>\n <li>In the US, Pinterest can reach 83% of females aged between 35 - 54 years of age. This same audience accounts for 80% of the buying decisions in US homes.</li>\n <li>1 in 2 people make a purchase after seeing a promoted pin</li>\n <li>78% of users say content from brands is useful, including ads</li>\n <li>Millennials claim that Pinterest inspires them to make dreams a reality, more so than any other platform.</li>\n <li>90% of users agree that Pinterest is \"filled with positivity\" and the platform is doing its best to keep it that way.</li>\n</ul>\n<p>Of the points above, I personally find great value in learning that users find the platform inspirational and positive more so than the alternatives. Why? In a time of mindless scrolling, I, as a fellow millennial, am hearing more and more people share how they are tired of feeling conned by platforms that don't add value or positivity to the user experience. While it is a highly intangible statistic, I do find it speaks in favour of Pinterest's relevance and potential longevity.</p>\n<p>However, no matter the arguments, it inevitably talks into the immediately disappointing development for MAUs when comparing Y/Y, as visible from the Q3-2021 earnings presentation. If I were to try and find a bit of light in the darkness, it would be that despite the growth having come to a halt on Y/Y basis, if we compare 2Y/Y, then MAU is growing by 38%.</p>\n<p>While management believes there is still plenty of growth left and that I can identify interesting nuggets suggesting that there is more to Pinterest than meets the eye at this moment, I can't deny that MAUs is the fuel that drives the revenue of Pinterest which therefore also warrants a strong response from the investment community. Question, however, is if one can hold through the pain while allowing for the long-term thesis to unfold. Clearly, Pinterest strikes a chord with millions of people, and why shouldn't it continue to do so as it expands its reach.</p>\n<p>To be very blunt, no investor, main street or Wall Street enjoys seeing the growth disappearing entirely, and if the current picture continues into the coming quarters, then we could expect more pain coming the way of the stock price and valuation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/652f0b8dc7f57c376d4d63415f9bf743\" tg-width=\"1137\" tg-height=\"641\" referrerpolicy=\"no-referrer\"><span>Q3-2021 earnings presentation, p. 4.</span></p>\n<p><b>ARPU Development</b></p>\n<p>Speaking of the revenue, let's have a look at how the ARPU has developed.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e579df5950792f2ee6d33045b2808654\" tg-width=\"1222\" tg-height=\"627\" referrerpolicy=\"no-referrer\"><span>Author's own creation with data from quarterly earnings reports</span></p>\n<p>Despite the lacklustre development within MAUs, ARPU kept growing strongly with an impressive 37% (44% for US and 81% Internationally). This speaks strongly in favour of how Pinterest is leveraging the level of engagement, especially in comparison to weak MAU numbers. Here is the key to profitability for Pinterest, and as such, it's immensely important to monitor and for management to keep growing. As seen with other platforms, monetisation is and will remain higher with the US audience compared to Europe or international on a broad spectrum, which is also why the negative MAU growth for US is such a problem in the eyes of many investors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e33210dc8a0507e36f9a67d66d5fd2a2\" tg-width=\"1223\" tg-height=\"685\" referrerpolicy=\"no-referrer\"><span>Q3-2021 earnings presentation, p. 5.</span></p>\n<p>There is significant difference underlying these numbers as ARPU for the US userbase is significantly higher at $5.55 per user compared to $0.38 for the International audience. The difference stems from a vast gap across geographies. Meta Platforms, the owner of Facebook, provides a more detailed breakdown, where the ARPU worldwide is $10.00 for Q3-2021 while the ARPU for US &amp; Canada is $52.34, for Europe $16.5, Asia-Pacific $4.3, and Rest of World $3.14. Of that $10.00, $0.25 stems from 'other' while the $9.75 is advertising revenue, meaning that 97.5% of FB's ARPU is advertising.</p>\n<p>In fact, if I present the exact same ARPU visualisation for Facebook to compare to Pinterest, we see a very different growth profile, but also one where we see the Covid-19 effects. Facebook has been more consistent, also speaking to the words of Silbermann, that users may not visit every day or week in the case of Pinterest.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9b348bbf59fcb36c311bc0f33598fafc\" tg-width=\"1200\" tg-height=\"620\" referrerpolicy=\"no-referrer\"><span>Author's own creation with data from quarterly earnings reports</span></p>\n<p>Facebook drives a much higher ARPU but is also a much more mature platform. It's tempting to draw a straight line between the numbers of FB and those of Pinterest, but whether Pinterest can reach anything remotely similar to those numbers remains to be known, but given the strong growth of its ARPU, it is evident that it's moving in the right direction, as especially the international ARPU came in an impressive 81% Y/Y.</p>\n<p>What will have to drive that continuous expansion for Pinterest is a mixture of innovation and relevance of the platform. They need to ensure Pinterest is \"shoppable\" for the users.</p>\n<p>As investors we can't simply observe a company on a quarter-to-quarter basis, so we have to zoom out, and as every shareholder letter comes to light, I see management continue driving a concentrated effort in making the platform more shoppable. In my previous article, I briefly mentioned that Q2-2021 saw a massive expansion in the catalogue items and a focus on the mutually beneficial Shopify (SHOP)partnership&nbsp;where Shopify merchants can ensure placement of their products in front of the Pinterest audience. Concerning the shoppable journey, management had the following to say duringQ3-2021.</p>\n<blockquote>\n \" \n <i>Specifically, purchases often help make dreams come to life, so we've been working to make Pinterest more shoppable. Even though we've made progress over the past two years, we're still relatively early in this journey…We believe it became easier than ever to discover and shop for products on Pinterest during Q3. Overall product searches were up over 100% year over year, and searches on the Shop tab by Gen Z Pinners have increased over 200% year over year. Our new shopping list feature for boards is seeing traction, and our price drop notifications are opened at a high rate. Finally, we began testing a more seamless checkout experience in the US in Q4.</i>\"\n</blockquote>\n<p>On top, management launched a series of new initiatives during the quarter:</p>\n<ul>\n <li>Watch Tab: A vertical video function similar to the one found in Snap. The functionality is meant to drive engagement and relevance for the user experience. Maybe an arena in which Pinterest has lacked in comparison to peers such as Snap(NYSE:SNAP)or Facebook, where video is already a strong feature, but which should also support ARPU growth.</li>\n <li>Pinterest TV: Pinterest wants to become the home for the next generation of creators and launched this initiative back in November. In a blend of entertainment and instant purchasing, this initiative has proved immensely successful elsewhere. Alibaba (BABA) first pioneered this concept back in 2016, and McKinseydubbedit the next wave of the e-commerce revolution. In conjunction with major events, such as Valentine's day, a Gen-Z celebrity could host an episode where products are on promotion, which has proven to drivestrong sales in China, while growing in other markets also.</li>\n</ul>\n<p>Innovation power remains strong with Pinterest, and new initiatives pop up that seem to have relevance in terms of deepening both retention and monetisation of the userbase by continuously adding relevant functionalities and new features.</p>\n<p>While MAU growth has undoubtedly seen disappointment, management continues to improve ARPU with very strong growth. There will be strong comps to beat in the next calendar year, with&nbsp;analyst consensus&nbsp;suggesting 26.5% revenue growth for 2022 and 30% for 2023. With a current P/S ratio of 9.5, this would result in a P/S ratio of 5.8 by end of FY2023. Given that management is very clear in saying that the shoppability of Pinterest is still in its early phase, I expect that revenue can expand significantly from here on, and having 450 million users on your books is no small feat.</p>\n<p><b>Closing Remarks</b></p>\n<p>I think the management team is doing many things right, especially in the sphere of product innovation, but I perceive the continued lack of real communication concerning outlook for MAU to be a fault. I accept the difficulty in doing so, but I strongly believe the share price is suffering as a result. Investors are left in the dark and consider uncertainty pure poison. However, that uncertainty also gives opportunity for those who are strong believers in the potential for Pinterest going forward.</p>\n<p>Pinterest went&nbsp;public back in 2019 at a $12.6 billion&nbsp;market cap upon having posted FY2018 revenue of $755 million. Today, the company is valued at a market cap of $24.4 billion while showing a TTM revenue of $2.44 billion, on track to cross $2.6 billion for FY2021 combined with significant growth in both MAU and ARPU since going public.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2d3d59edce8dc2d7273e416d16c084eb\" tg-width=\"797\" tg-height=\"594\" referrerpolicy=\"no-referrer\"><span>Data byYCharts</span></p>\n<p>The company is generating strong cash flows from operations and sits on a balance sheet with $189 million in debt, holding $2.3 billion in cash, allowing management a lot of flexibility to continue the journey of driving ARPU as also seen by its recent&nbsp;Vochi acquisition.</p>\n<p>In my previous article, I tried to anchor the current valuation to Snap as somewhat comparable platforms, illustrating that Pinterest was suffering in comparison, I continue to hold that opinion as Snap trades at a forward P/S ratio of 19.5 in comparison to 9.5 for Pinterest. Not to say that Pinterest should be valued at a forward P/S ratio of 19.5, but that the company is trading at a very fair valuation seen from multiple angles, while also being a higher quality platform seen from my vantage point.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c27cb926b0d70998528bb3fab40ecf4\" tg-width=\"797\" tg-height=\"525\" referrerpolicy=\"no-referrer\"><span>Data byYCharts</span></p>\n<p>Pinterest currently trades almost 60% off its recent high and it should indeed trade far from its recent high given the MAU development, but as far as I see, Pinterest is in a much healthier place than back when it went public with stronger clarity for the ARPU outlook, but not with a valuation matching that picture. I continue to stay long Pinterest.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pinterest Could Be A Winner For 2022</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; 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}\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\">\nPinterest Could Be A Winner For 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-27 14:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4476803-pinterest-pins-potential-winner-2022><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDown 43% YTD and 58% off its recent high, Pinterest is severely beaten but on track to generate FY21 $2.6 billion in revenue with a fortress balance sheet.\nWent public at $12.3 billion market...</p>\n\n<a href=\"https://seekingalpha.com/article/4476803-pinterest-pins-potential-winner-2022\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PINS":"Pinterest, Inc."},"source_url":"https://seekingalpha.com/article/4476803-pinterest-pins-potential-winner-2022","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1160732619","content_text":"Summary\n\nDown 43% YTD and 58% off its recent high, Pinterest is severely beaten but on track to generate FY21 $2.6 billion in revenue with a fortress balance sheet.\nWent public at $12.3 billion market cap, today trading at $24.4 billion despite revenue growing from $755 million to $2.6 billion with strong MAU and ARPU growth.\nMAU growth is currently disappointing and a sell-off warranted, but management continues to drive very strong ARPU growth, indicating a strong monetisation and retention outlook.\nPinterest continues to exhibit strong innovation power striving to increase shoppability of its platform.\nI believe Pinterest could be a potential winner for 2022 in terms of performance if sentiment clears, however, continued MAU uncertainty could bring more stock price pain.\n\nIntroduction\nI published an article concerning Pinterest(NYSE:PINS)just prior to the company releasing its Q3-2021 results, stating that MAUs (Monthly Active Users) would be the focal point, as growth has slowed dramatically, with particularly the US user base being a problem, as they are the main driver and contributor of revenue measured on a per user basis. The Q2-2021 results showed a -5% reduction Y/Y in its US user base and a total growth in MAU of 9% driven by 13% growth internationally, but with the international segment reporting a much lower revenue per user. I slapped a bullish rating on Pinterest at that point in time, but since then, the stock nosedived an additional 20%. Ouch!\nThat article covered the relevance of Pinterest, its strong financial performance, and potential runway ahead. That was just two months ago, so as a reader, you should consider this an extension of that article given that much has happened since then. This article will focus on diving into the numbers to give some perspective, with the significant headlines in recent months include:\n\nThe US userbase continues to contract (minus 10% Y/Y US MAU contraction Q3-2021)\nRumours concerning a potential PayPal (PYPL) takeover of Pinterest at $70 per share - potential deal failed\nContinuedinsider selling(Nine straight quarters of selling and no buying)\n\nPinterest belongs in the basket of high growth innovative tech stocks, where the valuation is typically high and the margin for error is slim if management wants to avoid being punished by the market. The two most important metrics published by the company are the MAU and ARPU (Average Revenue Per User). I don't personally believe the development is as poor as the stock price movement could indicate.\nQ3-2021 MAU & ARPU\nBefore going into the actual quarterly results, I've put together the development for both metrics since 2018 to exhibit the development as opposed to comparing to the Y/Y numerical development alone, which we will get to in a minute.\nAuthors own creation with data from quarterly earnings reports\nEvidently, the growth has come to a complete halt and stands in stark contrast to what investors could expect only a few quarters ago - quite dramatic taking the long-term development into consideration. Herein lies the reason for the negative 45% return YTD for the stock price with the growth having slowed down much quicker than anyone could have anticipated. Many, including myself, have been operating under the assumption that the Covid-19 growth gush would slow as it wasn't sustainable, but at this point in time, it seems more like it rammed into a brick wall.\nI do however believe, it is needed to put the development into context. If we rewind the clock to early 2020 during the onset of Covid-19, we can observe a significant upwards spike in MAUs that was never going to be sustainable. Spring of 2021 marked the return to an outdoor life reviving the competition for MAUs' spare time and attention that hadn't existed for an extended period. The same way the exceptional development during 2020 wasn't going to last, the same way I doubt that Pinterest is done growing.\nNaturally, management inserts an 'asterisk' whenever they touch the development of MAUs these days, simply saying that the evolution of Covid-19 and its impact on MAUs remain unknown, which is also a source of uncertainty for investors and a dangerous strategy if you ask me, but also that management believes growth opportunities remain intact. Within the Q3-2021 letter to shareholders, management had the following to say\n\n \"We believe the slowdown in growth in Q3 was due to the continued pandemic unwind in the U.S. and in international markets which caused weakness in our core at-home use cases, Gen Z returning back to school, and search algorithm changes… As lockdowns eased, people have embraced life outside their homes, a trend that caused a dramatic decline of our year-over-year growth rate of monthly active users (MAUs) in Q2 and Q3, as consumer preferences shifted away from our core at-home use cases. Looking beyond the COVID-19-driven volatility, our \n current view on the long-term opportunity to grow our user base, both in the US and globally, remains unchanged from what it was before the pandemic.\"\n\nDuring the earnings call, CEO Benjamin Silbermann also gave a response to a question concerning how management strives to re-attract those that had a one-time use during the pandemic for an individual project.\n\n \"…unlike more social service where you engage with it almost daily to talk to your friends, Pinterest is something that you might come in, use it for a product, a project and then you may pause. And historically, we've seen a lot of our users use it for a period of time and then come back…\"\n\nWithin this response, Silbermann also touches upon a significant difference between social media platforms like Instagram and Facebook(NASDAQ:FB)compared to Pinterest. Users visit IG or FB to look at people (friends, family, colleagues, celebrities, etc.), while they go to Pinterest for inspiration. Inspiration for the next DIY project, travel location, fashion trend, home décor, you name it, which also means that usage should be a bit lumpier. This underlines the thesis that the userbase spiked during the early periods of Covid-19 where we were all locked up and sought inspiration for new activities, DIY projects, etc.\nFurthermore, it also means that ads don't reduce the user experience to the same extent it does when browsing FB or IG. In that regard, Pinterest becomes a search-social hybrid. I think this is important to keep in mind, as it supports stronger monetisation of the userbase by the fact that viral or particularly popular themes or pins, should be able to drive strong revenue via value-adding ads. Discussing the concept of Pinterest with family and friends, the avid users always circle back to the convenience of being able to pick up the item you are spotting in a pin.\nThis also reveals itself in the composition of the userbase which has been leaning heavily towards the female audience, leaving a significant untapped potential within the male userbase which could add to Pinterest's grasp as time passes and it moves up the ranks of most used social platforms. I don't see why Pinterest shouldn't be able to drive strong engagement with the male audience as time passes.\n\nIn my previous article, I listed some of the interesting metrics that cause me to label Pinterest a higher quality social media platform than the famous peers such as IG or FB, I'll take the liberty to list them once more.\n\nPinterest is great for planning life moments. 85% of women use Pinterest to plan life moments compared to 44% for Instagram.\nIn the US, Pinterest can reach 83% of females aged between 35 - 54 years of age. This same audience accounts for 80% of the buying decisions in US homes.\n1 in 2 people make a purchase after seeing a promoted pin\n78% of users say content from brands is useful, including ads\nMillennials claim that Pinterest inspires them to make dreams a reality, more so than any other platform.\n90% of users agree that Pinterest is \"filled with positivity\" and the platform is doing its best to keep it that way.\n\nOf the points above, I personally find great value in learning that users find the platform inspirational and positive more so than the alternatives. Why? In a time of mindless scrolling, I, as a fellow millennial, am hearing more and more people share how they are tired of feeling conned by platforms that don't add value or positivity to the user experience. While it is a highly intangible statistic, I do find it speaks in favour of Pinterest's relevance and potential longevity.\nHowever, no matter the arguments, it inevitably talks into the immediately disappointing development for MAUs when comparing Y/Y, as visible from the Q3-2021 earnings presentation. If I were to try and find a bit of light in the darkness, it would be that despite the growth having come to a halt on Y/Y basis, if we compare 2Y/Y, then MAU is growing by 38%.\nWhile management believes there is still plenty of growth left and that I can identify interesting nuggets suggesting that there is more to Pinterest than meets the eye at this moment, I can't deny that MAUs is the fuel that drives the revenue of Pinterest which therefore also warrants a strong response from the investment community. Question, however, is if one can hold through the pain while allowing for the long-term thesis to unfold. Clearly, Pinterest strikes a chord with millions of people, and why shouldn't it continue to do so as it expands its reach.\nTo be very blunt, no investor, main street or Wall Street enjoys seeing the growth disappearing entirely, and if the current picture continues into the coming quarters, then we could expect more pain coming the way of the stock price and valuation.\nQ3-2021 earnings presentation, p. 4.\nARPU Development\nSpeaking of the revenue, let's have a look at how the ARPU has developed.\nAuthor's own creation with data from quarterly earnings reports\nDespite the lacklustre development within MAUs, ARPU kept growing strongly with an impressive 37% (44% for US and 81% Internationally). This speaks strongly in favour of how Pinterest is leveraging the level of engagement, especially in comparison to weak MAU numbers. Here is the key to profitability for Pinterest, and as such, it's immensely important to monitor and for management to keep growing. As seen with other platforms, monetisation is and will remain higher with the US audience compared to Europe or international on a broad spectrum, which is also why the negative MAU growth for US is such a problem in the eyes of many investors.\nQ3-2021 earnings presentation, p. 5.\nThere is significant difference underlying these numbers as ARPU for the US userbase is significantly higher at $5.55 per user compared to $0.38 for the International audience. The difference stems from a vast gap across geographies. Meta Platforms, the owner of Facebook, provides a more detailed breakdown, where the ARPU worldwide is $10.00 for Q3-2021 while the ARPU for US & Canada is $52.34, for Europe $16.5, Asia-Pacific $4.3, and Rest of World $3.14. Of that $10.00, $0.25 stems from 'other' while the $9.75 is advertising revenue, meaning that 97.5% of FB's ARPU is advertising.\nIn fact, if I present the exact same ARPU visualisation for Facebook to compare to Pinterest, we see a very different growth profile, but also one where we see the Covid-19 effects. Facebook has been more consistent, also speaking to the words of Silbermann, that users may not visit every day or week in the case of Pinterest.\nAuthor's own creation with data from quarterly earnings reports\nFacebook drives a much higher ARPU but is also a much more mature platform. It's tempting to draw a straight line between the numbers of FB and those of Pinterest, but whether Pinterest can reach anything remotely similar to those numbers remains to be known, but given the strong growth of its ARPU, it is evident that it's moving in the right direction, as especially the international ARPU came in an impressive 81% Y/Y.\nWhat will have to drive that continuous expansion for Pinterest is a mixture of innovation and relevance of the platform. They need to ensure Pinterest is \"shoppable\" for the users.\nAs investors we can't simply observe a company on a quarter-to-quarter basis, so we have to zoom out, and as every shareholder letter comes to light, I see management continue driving a concentrated effort in making the platform more shoppable. In my previous article, I briefly mentioned that Q2-2021 saw a massive expansion in the catalogue items and a focus on the mutually beneficial Shopify (SHOP)partnership where Shopify merchants can ensure placement of their products in front of the Pinterest audience. Concerning the shoppable journey, management had the following to say duringQ3-2021.\n\n \" \n Specifically, purchases often help make dreams come to life, so we've been working to make Pinterest more shoppable. Even though we've made progress over the past two years, we're still relatively early in this journey…We believe it became easier than ever to discover and shop for products on Pinterest during Q3. Overall product searches were up over 100% year over year, and searches on the Shop tab by Gen Z Pinners have increased over 200% year over year. Our new shopping list feature for boards is seeing traction, and our price drop notifications are opened at a high rate. Finally, we began testing a more seamless checkout experience in the US in Q4.\"\n\nOn top, management launched a series of new initiatives during the quarter:\n\nWatch Tab: A vertical video function similar to the one found in Snap. The functionality is meant to drive engagement and relevance for the user experience. Maybe an arena in which Pinterest has lacked in comparison to peers such as Snap(NYSE:SNAP)or Facebook, where video is already a strong feature, but which should also support ARPU growth.\nPinterest TV: Pinterest wants to become the home for the next generation of creators and launched this initiative back in November. In a blend of entertainment and instant purchasing, this initiative has proved immensely successful elsewhere. Alibaba (BABA) first pioneered this concept back in 2016, and McKinseydubbedit the next wave of the e-commerce revolution. In conjunction with major events, such as Valentine's day, a Gen-Z celebrity could host an episode where products are on promotion, which has proven to drivestrong sales in China, while growing in other markets also.\n\nInnovation power remains strong with Pinterest, and new initiatives pop up that seem to have relevance in terms of deepening both retention and monetisation of the userbase by continuously adding relevant functionalities and new features.\nWhile MAU growth has undoubtedly seen disappointment, management continues to improve ARPU with very strong growth. There will be strong comps to beat in the next calendar year, with analyst consensus suggesting 26.5% revenue growth for 2022 and 30% for 2023. With a current P/S ratio of 9.5, this would result in a P/S ratio of 5.8 by end of FY2023. Given that management is very clear in saying that the shoppability of Pinterest is still in its early phase, I expect that revenue can expand significantly from here on, and having 450 million users on your books is no small feat.\nClosing Remarks\nI think the management team is doing many things right, especially in the sphere of product innovation, but I perceive the continued lack of real communication concerning outlook for MAU to be a fault. I accept the difficulty in doing so, but I strongly believe the share price is suffering as a result. Investors are left in the dark and consider uncertainty pure poison. However, that uncertainty also gives opportunity for those who are strong believers in the potential for Pinterest going forward.\nPinterest went public back in 2019 at a $12.6 billion market cap upon having posted FY2018 revenue of $755 million. Today, the company is valued at a market cap of $24.4 billion while showing a TTM revenue of $2.44 billion, on track to cross $2.6 billion for FY2021 combined with significant growth in both MAU and ARPU since going public.\nData byYCharts\nThe company is generating strong cash flows from operations and sits on a balance sheet with $189 million in debt, holding $2.3 billion in cash, allowing management a lot of flexibility to continue the journey of driving ARPU as also seen by its recent Vochi acquisition.\nIn my previous article, I tried to anchor the current valuation to Snap as somewhat comparable platforms, illustrating that Pinterest was suffering in comparison, I continue to hold that opinion as Snap trades at a forward P/S ratio of 19.5 in comparison to 9.5 for Pinterest. Not to say that Pinterest should be valued at a forward P/S ratio of 19.5, but that the company is trading at a very fair valuation seen from multiple angles, while also being a higher quality platform seen from my vantage point.\nData byYCharts\nPinterest currently trades almost 60% off its recent high and it should indeed trade far from its recent high given the MAU development, but as far as I see, Pinterest is in a much healthier place than back when it went public with stronger clarity for the ARPU outlook, but not with a valuation matching that picture. I continue to stay long Pinterest.","news_type":1},"isVote":1,"tweetType":1,"viewCount":896,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":698886669,"gmtCreate":1640340401859,"gmtModify":1640340486165,"author":{"id":"4097752709229510","authorId":"4097752709229510","name":"Felixmc9999","avatar":"https://static.tigerbbs.com/3bb594e293cdff97b357441dc2a49ebc","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4097752709229510","idStr":"4097752709229510"},"themes":[],"htmlText":"Sounds good&nbsp;","listText":"Sounds good&nbsp;","text":"Sounds good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/698886669","repostId":"2193150149","repostType":2,"isVote":1,"tweetType":1,"viewCount":900,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}