个人中心 - 老虎社区

Meowchan

IP属地：未知

帖子 · 3帖子 · 3
关注 · 0关注 · 0
粉丝 · 0粉丝 · 0

- MeowchanMeowchan
  ·2021-04-05
  I love roblox
  Roblox Climbed 5% as Analysts Initiate Coverage With Buy Ratings
  Roblox was rising Monday after several analysts initiated coverage of the video game platform with p
  Roblox Climbed 5% as Analysts Initiate Coverage With Buy Ratings
  24 评论
  1
  分享
  举报
- MeowchanMeowchan
  ·2021-04-05
  TTTIN
  Tesla: The Time Is Now
  However, there is cause for optimism for the bulls.I'll explain a number of reasons why Tesla is a strong buy.Photo by Justin Sullivan/Getty Images News via Getty Images. Growth stocks have been absolutely destroyed in the past couple of months, and in the process, some bargains have been created. Not all growth stocks are created equal, and there were undoubtedly some frothy rallies that took place into the early part of 2021, but opportunities abound if you – like me – think that the rapid eco
  Tesla: The Time Is Now
  205 评论
  3
  分享
  举报
- MeowchanMeowchan
  ·2021-03-18
  1
  Sea Limited Is A Stock To Watch: High Risk, High Return
  Summary Sea Ltd is a potentially high-rewarding long-term investment. The company is involved in th
  Sea Limited Is A Stock To Watch: High Risk, High Return
  10 评论
  6
  分享
  举报
暂无粉丝

热议股票

关于我们·老虎社区守则·老虎社区账号管理规范·老虎社区服务协议·老虎社区隐私政策

公司名称：北京至简风宜信息技术有限公司

违法和不良信息投诉：010-5681-3562（工作时间9:30-18:30）

邮箱：service@laohu8.com

老虎社区侵权投诉指引

中国互联网举报中心·北京互联网举报中心

网络谣言曝光台·扫黄打非举报中心

网络110报警服务

© 2018-2024 老虎社区版权所有

营业执照：91110105MA01A4U55R

ICP备：京ICP备18016422号

网安备：京公网安备11010502036490

qrcode

关注我们

{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":3574676876089552,"uuid":"3574676876089552","gmtCreate":1613048755484,"gmtModify":1615477572281,"name":"Meowchan","pinyin":"meowchan","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/91031f826c044e111809023f69343489","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":3,"tweetSize":3,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":1,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.01","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.18%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":4,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":349719516,"gmtCreate":1617637551735,"gmtModify":1634297379820,"author":{"id":"3574676876089552","authorId":"3574676876089552","authorIdStr":"3574676876089552","name":"Meowchan","avatar":"https://static.tigerbbs.com/91031f826c044e111809023f69343489","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574676876089552"},"themes":[],"htmlText":"I love roblox","listText":"I love roblox","text":"I love roblox","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349719516","repostId":"1178830231","repostType":4,"repost":{"id":"1178830231","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":1617634979,"share":"https://www.laohu8.com/m/news/1178830231?lang=&edition=full","pubTime":"2021-04-05 23:02","market":"us","language":"en","title":"Roblox Climbed 5% as Analysts Initiate Coverage With Buy Ratings","url":"https://stock-news.laohu8.com/highlight/detail?id=1178830231","media":"Tiger Newspress","summary":"Roblox was rising Monday after several analysts initiated coverage of the video game platform with p","content":"<p>Roblox&nbsp;was rising Monday after several analysts initiated coverage of the&nbsp;video game platform with positive ratings a month after the company went public.</p><p>Shares of Roblox was&nbsp;climbing 4.9% to $70.64 in Monday morning trading.</p><p><img src=\"https://static.tigerbbs.com/2a8680408b68d8acf9876ff4a2df65f1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Bank of America analyst Ryan Gee initiated coverage of the company with a buy rating and a $70 price target.</p><p>\"RBLX offers exposure to the massive mobile TAM (Total Addressable Market) with less-relative capital risk than what we associate with traditional content creators,\" Gee said in a research note. \"The blend of social networking, AAA gaming, and design software characteristics is unique on mobile and RBLX stands apart from gaming peers with the scalable economics of traditional online marketplaces.\"</p><p>AAA&nbsp;is an informal classification used for video games&nbsp;produced and distributed by a mid-sized&nbsp;or major publisher, usually having higher development and marketing budgets.</p><p>Roblox, Gee said \"combines the communication utility of social networks with the monetization/engagement of AAA gaming and has democratized content creation such that any user is a creator.\"</p><p>Goldman Sachs analyst Michael Ng kicked off coverage of Roblox with a buy rating and a price target of $81 per share.</p><p>Ng said that \"the creation and monetization of user-generated content effectively allows RBLX to outsource game development costs to its creators while retaining the economic upside with a diversified portfolio of content, reducing hit-risk.\"</p><p>Morgan Stanley analyst Brian Nowak initiated coverage of Roblox with an overweight rating and and $80 price target.</p><p>\"We believe RBLX is still in the early innings of its user opportunity, as its 33 [million] '20 daily active users (DAUs) represent just 6% penetration of ~500 [million] 5-24 year olds in its current countries,\" the analyst said.</p><p>Nowak said that industry leading engagement speaks to how the company is \"blurring the lines between social and gaming.\"</p><p>Truist analyst Matthew Thornton initiated coverage of the company with a buy rating and a $78 price target, saying he believes that Roblox&nbsp;\"has a strong and defensible position on account of substantial investment in safety and two mutually reinforcing network effects (social and content).\"</p><p>Roblox&nbsp;made its&nbsp;stock market debut&nbsp;last month at $64.50 a share, above the reference price of $45 set by the New York Stock Exchange.</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>Roblox Climbed 5% as Analysts Initiate Coverage With Buy Ratings</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\">\nRoblox Climbed 5% as Analysts Initiate Coverage With Buy Ratings\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\">2021-04-05 23:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Roblox&nbsp;was rising Monday after several analysts initiated coverage of the&nbsp;video game platform with positive ratings a month after the company went public.</p><p>Shares of Roblox was&nbsp;climbing 4.9% to $70.64 in Monday morning trading.</p><p><img src=\"https://static.tigerbbs.com/2a8680408b68d8acf9876ff4a2df65f1\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>Bank of America analyst Ryan Gee initiated coverage of the company with a buy rating and a $70 price target.</p><p>\"RBLX offers exposure to the massive mobile TAM (Total Addressable Market) with less-relative capital risk than what we associate with traditional content creators,\" Gee said in a research note. \"The blend of social networking, AAA gaming, and design software characteristics is unique on mobile and RBLX stands apart from gaming peers with the scalable economics of traditional online marketplaces.\"</p><p>AAA&nbsp;is an informal classification used for video games&nbsp;produced and distributed by a mid-sized&nbsp;or major publisher, usually having higher development and marketing budgets.</p><p>Roblox, Gee said \"combines the communication utility of social networks with the monetization/engagement of AAA gaming and has democratized content creation such that any user is a creator.\"</p><p>Goldman Sachs analyst Michael Ng kicked off coverage of Roblox with a buy rating and a price target of $81 per share.</p><p>Ng said that \"the creation and monetization of user-generated content effectively allows RBLX to outsource game development costs to its creators while retaining the economic upside with a diversified portfolio of content, reducing hit-risk.\"</p><p>Morgan Stanley analyst Brian Nowak initiated coverage of Roblox with an overweight rating and and $80 price target.</p><p>\"We believe RBLX is still in the early innings of its user opportunity, as its 33 [million] '20 daily active users (DAUs) represent just 6% penetration of ~500 [million] 5-24 year olds in its current countries,\" the analyst said.</p><p>Nowak said that industry leading engagement speaks to how the company is \"blurring the lines between social and gaming.\"</p><p>Truist analyst Matthew Thornton initiated coverage of the company with a buy rating and a $78 price target, saying he believes that Roblox&nbsp;\"has a strong and defensible position on account of substantial investment in safety and two mutually reinforcing network effects (social and content).\"</p><p>Roblox&nbsp;made its&nbsp;stock market debut&nbsp;last month at $64.50 a share, above the reference price of $45 set by the New York Stock Exchange.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178830231","content_text":"Roblox was rising Monday after several analysts initiated coverage of the video game platform with positive ratings a month after the company went public.Shares of Roblox was climbing 4.9% to $70.64 in Monday morning trading.Bank of America analyst Ryan Gee initiated coverage of the company with a buy rating and a $70 price target.\"RBLX offers exposure to the massive mobile TAM (Total Addressable Market) with less-relative capital risk than what we associate with traditional content creators,\" Gee said in a research note. \"The blend of social networking, AAA gaming, and design software characteristics is unique on mobile and RBLX stands apart from gaming peers with the scalable economics of traditional online marketplaces.\"AAA is an informal classification used for video games produced and distributed by a mid-sized or major publisher, usually having higher development and marketing budgets.Roblox, Gee said \"combines the communication utility of social networks with the monetization/engagement of AAA gaming and has democratized content creation such that any user is a creator.\"Goldman Sachs analyst Michael Ng kicked off coverage of Roblox with a buy rating and a price target of $81 per share.Ng said that \"the creation and monetization of user-generated content effectively allows RBLX to outsource game development costs to its creators while retaining the economic upside with a diversified portfolio of content, reducing hit-risk.\"Morgan Stanley analyst Brian Nowak initiated coverage of Roblox with an overweight rating and and $80 price target.\"We believe RBLX is still in the early innings of its user opportunity, as its 33 [million] '20 daily active users (DAUs) represent just 6% penetration of ~500 [million] 5-24 year olds in its current countries,\" the analyst said.Nowak said that industry leading engagement speaks to how the company is \"blurring the lines between social and gaming.\"Truist analyst Matthew Thornton initiated coverage of the company with a buy rating and a $78 price target, saying he believes that Roblox \"has a strong and defensible position on account of substantial investment in safety and two mutually reinforcing network effects (social and content).\"Roblox made its stock market debut last month at $64.50 a share, above the reference price of $45 set by the New York Stock Exchange.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349710830,"gmtCreate":1617637481320,"gmtModify":1634297380521,"author":{"id":"3574676876089552","authorId":"3574676876089552","authorIdStr":"3574676876089552","name":"Meowchan","avatar":"https://static.tigerbbs.com/91031f826c044e111809023f69343489","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574676876089552"},"themes":[],"htmlText":"TTTIN","listText":"TTTIN","text":"TTTIN","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/349710830","repostId":"1123709980","repostType":4,"repost":{"id":"1123709980","pubTimestamp":1617636511,"share":"https://www.laohu8.com/m/news/1123709980?lang=&edition=full","pubTime":"2021-04-05 23:28","market":"us","language":"en","title":"Tesla: The Time Is Now","url":"https://stock-news.laohu8.com/highlight/detail?id=1123709980","media":"seekingalpha","summary":"However, there is cause for optimism for the bulls.I'll explain a number of reasons why Tesla is a strong buy.Photo by Justin Sullivan/Getty Images News via Getty Images. Growth stocks have been absolutely destroyed in the past couple of months, and in the process, some bargains have been created. Not all growth stocks are created equal, and there were undoubtedly some frothy rallies that took place into the early part of 2021, but opportunities abound if you – like me – think that the rapid eco","content":"<p><b>Summary</b></p>\n<ul>\n <li>TSLA has been decimated in recent weeks.</li>\n <li>However, there is cause for optimism for the bulls.</li>\n <li>I'll explain a number of reasons why Tesla is a strong buy.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34d035a970508c4a7d59d7c16d728cb5\" tg-width=\"1536\" tg-height=\"1000\"><span>Photo by Justin Sullivan/Getty Images News via Getty Images</span></p>\n<p>Growth stocks have been absolutely destroyed in the past couple of months, and in the process, some bargains have been created. Not all growth stocks are created equal, and there were undoubtedly some frothy rallies that took place into the early part of 2021, but opportunities abound if you – like me – think that the rapid economic expansion out of the COVID recession will serve these growth stocks well.</p>\n<p>One name that I haven’t touched much in the past, but that I believe is on the cusp of a big move higher, is electric vehicle OG&nbsp;<b>Tesla</b>(TSLA). Below, I’ll discuss why I like Tesla’s fundamentals at the current price, but the timing of my bullish position is dictated by what we see below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f72f46ef39a132b1d301fa60da71f7ec\" tg-width=\"640\" tg-height=\"633\"><span>Source: StockCharts</span></p>\n<p>I’ve circled the areas that are ~4 weeks out from an upcoming earnings report to show how reliable Tesla has been in advancing – in a big way – into earnings reports. We are just under four weeks away from Tesla’s late-April report, and if history is a guide, the stock is likely to be a lot higher by the time the company reports than it is today. Given the immense weakness we’ve seen in the stock, I think the odds are even higher this time that the stock makes a run into the report than it usually is.</p>\n<p>Not only has Tesla been a big winner trading into earnings releases, but there are signs that the selling is losing momentum. The relative bottom at $539 was met with new momentum lows in the RSI and PPO, but the current move down has seen momentum much higher on a relative basis. That doesn’t guarantee anything, but it does show that the worst of the selling is<i>probably</i>over. I’ve circled the divergences I’m referencing in the chart above, as these are the earliest signs of a bottom being formed.</p>\n<p>Those that read my work know that I trust the accumulation/distribution line, which has never wavered despite the relentless selling we’ve seen. This indicator shows whether investors are buying dips or not and for the A/D line to look like that, on a stock with a massive market capitalization, institutions must be buying. Like the momentum indicators, nothing is certain with the A/D line, but all of this adds up to a stock that looks to me like it is trying to bottom.</p>\n<p>But there’s one more piece of evidence I’d like to offer up that I believe shows Tesla is very oversold and is due for a rally. Below, I’ve plotted the total percentage returns over the prior 50-day period going back to the middle of 2018 to show just how ugly the recent selling has been.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41235a82786f7c031ead1bbf3aa15c90\" tg-width=\"640\" tg-height=\"444\"><span>Source: Author’s chart using historical price data from Yahoo! Finance</span></p>\n<p>Tesla is currently showing 50-day returns of -25%, which has only occurred a handful of times in the past three years. We can see that there was one period of protracted weakness in early 2019 that eventually resolved itself to the upside but did take some time. That was before EV stocks got their massive bid from investors, and I think it is pretty easy to argue that time frame isn’t all that comparable to today.</p>\n<p>What is comparable to today is the time period since 2020 began, and if we look at that, we see that Tesla is more oversold today by this measure than during any of the other drawdowns. I’ll say again none of this guarantees anything, but it certainly looks to me like Tesla is quite oversold on this measure, and keep in mind 50 trading days is roughly two and half months, so this is a longer-term indicator with lots of data points.</p>\n<p>Now, when I put all of this together – the recent decline, the divergences in momentum, the fact that Tesla has been a huge winner into earnings releases, and 50-day rolling returns – all signs point to a much higher stock a month or two down the road.</p>\n<p>Obviously, risks exist. The narrative for growth stocks being crushed has been higher interest rates, and if rates continue higher, it is possible we see more selling in growth names. However, the damage has been pretty severe in a lot of cases, and the interest rate narrative is a couple of months old at this point, so I’m not sure how much more downside there could be relative to what has already taken place.</p>\n<p>Even if you do buy into the idea that higher rates are responsible for growth stocks coming down, it appears to me we have rally exhaustion going on in rates, opposite to what I just explained for Tesla.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8431dcf8a7afbe72249144c017e28ced\" tg-width=\"640\" tg-height=\"536\"><span>Source: StockCharts</span></p>\n<p>We can see with this two-year chart that rates are still well below where they were pre-pandemic, with room for another 20 or 30bps before getting back to early-2020 levels. I mention this to say it isn’t like we’re making new highs in rates that should see growth stocks be decimated; this is just a rebound.</p>\n<p>But more importantly, the vertical line I’ve annotated shows that the ten-year has climbed for about a month, making new relative highs repeatedly without any sort of momentum confirmation. The PPO is moving lower, and the 14-day RSI is doing the same thing. This doesn’t guarantee rates are coming down, but it does certainly show the rally is losing steam. Negative divergences like these often portend a change of trend, at least temporarily, and I firmly believe rates have moved too high, too quickly. If you believe rates are responsible for growth stock declines, this should look pretty bullish to you.</p>\n<p><b>Not just a trade</b></p>\n<p>I’ve detailed above why I think Tesla is set up very well right now technically, and I think the stock is on the cusp of a big move higher. However, Tesla isn’t just a trade candidate. I used to be a Tesla hater based on valuation this and valuation that, but the company has proven me wrong time and again. And it isn’t just me; have a look at this chart of revenue estimates, which move up, up, and up some more over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8499c62835d88fca8a6c22c7cb8aeae8\" tg-width=\"640\" tg-height=\"282\"><span>Source: Seeking Alpha</span></p>\n<p>Revenue estimates have soared for the out years, but also for 2021 and 2022, in recent months. Tesla (read: Musk) has put out some highly ambitious goals over the year, some of which have come to fruition, and some of which haven’t. But this company is a massive disruptor in an industry with literally trillions of dollars on the line in the coming decade and has a huge head start on legacy players that are now trying to play catch up.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/414e539154fdd2ed51e8f5518cc1dee4\" tg-width=\"640\" tg-height=\"663\"><span>Source: Investor presentation</span></p>\n<p>The company continues to invest billions of dollars in new production capacity for its products, including Gigafactories in Shanghai, Berlin, and Austin. The Roadster will be low volume and likely won’t make much difference for revenue or earnings, but things like the Cybertruck and Semi have enormous potential.</p>\n<p>Tesla has taken big market share gains over the years with a very small lineup of vehicles, and as batteries become cheaper, as ranges get longer, and as more and more localities ban gasoline and diesel vehicles, Tesla is easily the biggest winner. Legacy manufacturers have scale advantages in terms of financing and footprints in place, but they are many years behind Tesla in terms of development.</p>\n<p>The beautiful thing is that Tesla is taking market share, but the market itself is growing rapidly. The adoption of EVs among consumers is still in the very early stages, and for commercial fleets, it is even earlier. This sort of rapidly expanding market is good for all players, but for Tesla, it is taking share in a burgeoning market, creating a virtuous cycle of upward revenue potential. That’s why estimates continue to rise, and why I believe they will continue to do so.</p>\n<p>Entire&nbsp;countries&nbsp;have made public their desire to ban fossil fuel vehicles in the not-too-distant future, which is why the legacy manufacturers are getting serious about EVs; there is no viable alternative at this point. Tesla has been developing for years and is the undisputed leader in the space, so it is in a much better competitive position for the eventual banning of fossil fuel vehicles around the world. Below we have EV market share, where Tesla is leading the way.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5d31a504c8d24f752bdf964272d0c80\" tg-width=\"640\" tg-height=\"415\"><span>Source: Statista</span></p>\n<p>Tesla is in front of the only legacy OEM with any sort of meaningful share, which doesn't even account for the Detroit automakers, which are just getting started.</p>\n<p>Tesla has years of knowledge in battery development - which is a key competitive advantage and differentiator - and it has already invested in manufacturing scale that not only affords higher capacity but a lead over the others that are trying to catch up. In short, Tesla knew the path forward was EVs years before the OEMs, which are now trying to replicate Tesla's success.</p>\n<p>On the earnings front, Tesla used to be a leap of faith that at some point, the company would actually make some money. However, Tesla has now produced a full-year profit, and there appears to be no looking back.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/509625fa57a60dedf709454caef2bf2a\" tg-width=\"640\" tg-height=\"282\"><span>Source: Seeking Alpha</span></p>\n<p>Estimates have ramped higher since mid-2019, with steep upward slopes in estimates from 2021 through 2026 moving meaningfully higher. Tesla, in other words, has reached the inflection point with volume where it can cover all of its fixed costs, and reliably stop burning through cash by the hundreds of millions of dollars, which was an issue for years. That’s critically important because Tesla is no longer a leap of faith; it is a company with industry-leading operating margins and huge revenue growth potential.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c2ca244f453cb1ff0d6cf666285f958d\" tg-width=\"640\" tg-height=\"280\"><span>Source: Seeking Alpha</span></p>\n<p>If you look at the bottom line in the above table, operating income on a TTM basis was negative through March 2019 but has been positive - and rising - since. That means Tesla has indeed reached the point where profitability is no longer a concern; this is an important step in its maturation process and proof it is now a mainstream automaker.</p>\n<p><b>Valuation and sentiment</b></p>\n<p>The interesting thing is that despite the wave of positive news coming from Tesla itself, and in news items like entire countries planning to ban fossil fuel vehicles, the analyst community is never quite bullish on Tesla.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/464a965b06e8dd2a0e88f7849563b9fd\" tg-width=\"640\" tg-height=\"188\"><span>Source: Seeking Alpha</span></p>\n<p>Authors here on<i>Seeking Alpha</i>are, on the whole, bearish leaning, while we see a similar story with Wall Street ratings. I simply don’t agree given the massive potential Tesla has and the fact that it is a proven winner. There are now countless EV manufacturers, but none of them have the scale, product line, and development time in the tool kit that Tesla does.</p>\n<p>And as Tesla continues to take market share in this market that is growing so rapidly, there is a lot of room for analysts to figure out they are on the wrong side of Tesla.</p>\n<p>Finally, let’s take a look at the EV to sales ratios of Tesla and a selection of competitors for the past year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57b4c81b65d3137aa47507c4757025df\" tg-width=\"640\" tg-height=\"186\"><span>Source: TIKR.com</span></p>\n<p>Valuations moved a lot higher coming out of the pandemic, but that’s true of just about any sector you can think of; a 100-year pandemic event will crush valuations. Out of that, however, came much higher EV stock valuations for all of the reasons I mentioned above; the market is booming and consumers are responding by buying EVs. However, the massive run-up in valuations has largely been unwound, and I think it is pretty interesting that Tesla, which trades at 13X EV to forward sales, is in the middle of this pack.</p>\n<p>The others on the list can rightly be called startups and have nothing close to the brand recognition, product line, development capability, manufacturing capability, or anything else you can think of when compared to Tesla. That means Tesla’s competitive advantage should be secure for years to come, but it trades for a similar valuation to these others that are sort of like buying Tesla in 2012 or 2013; it might work out, but it might not. Tesla is a very long way down the road in terms of its lifecycle compared to these competitors, so the relative risk is much lower.</p>\n<p><b>Final Thoughts</b></p>\n<p>Tesla is not only winning today, but it is continuing to invest tirelessly into winning tomorrow. Production scale for models like the 3, S, X, and Y is critical because those vehicles are selling today and providing the cash to invest in things like Cybertruck and Semi. Tesla is committed to winning in all stages of the EV market, including not only consumer but commercial as well.</p>\n<p>Semi production&nbsp;isn’t far off, and the company is already receiving&nbsp;interest&nbsp;from buyers. This has the potential for<i>massive</i>market share gains for Tesla in the next decade, but is not a story for 2021, to be clear.</p>\n<p>The point here is that Tesla shares have been beaten down to levels that I believe are low enough to buy. The company has been a reliable winner into earnings reports, which we are slated to see in just over three weeks time. Its market share gains continue to pile up and with its massive head start in the world of EVs, Tesla looks like a clear long-term winner.</p>\n<p>Valuations are rich but have come way down in recent weeks, and I’m going against the grain of recent pieces here on<i>SA</i>and am very bullish on Tesla, not only short term but longer term as well.</p>\n<p>Risks abound, of course, as they do with any automaker. The core risk for any company is that its product doesn't work in the marketplace, but for Tesla, that seems a bit farfetched given the success it has had. Tesla now has a full lineup of vehicles that is ever-expanding, and its brand is hugely valuable given its de factor first-mover advantage in EVs, scaling before the rest of the world thought to do so.</p>\n<p>Given this, the principal risk to Tesla's bull case is not in the business itself, but in the valuation discussion. It is possible that investors will choose to stop paying very high earnings multiples for Tesla in the coming years. This could occur due to missteps from Tesla - such as poor product design, overcapacity, or products consumers simply don't want - or it could come from the intense amount of competition that is likely to come online in the coming years.</p>\n<p>That, to me, is the biggest risk of buying Tesla today because it certainly appears this company is doing all the right things to win in an EV-dominated world. Thus, if you can look past the current valuation, if you're going to buy an automaker, you want to look at Tesla first.</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>Tesla: The Time Is Now</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\">\nTesla: The Time Is Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-05 23:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4417634-tesla-the-time-is-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTSLA has been decimated in recent weeks.\nHowever, there is cause for optimism for the bulls.\nI'll explain a number of reasons why Tesla is a strong buy.\n\nPhoto by Justin Sullivan/Getty Images...</p>\n\n<a href=\"https://seekingalpha.com/article/4417634-tesla-the-time-is-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4417634-tesla-the-time-is-now","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1123709980","content_text":"Summary\n\nTSLA has been decimated in recent weeks.\nHowever, there is cause for optimism for the bulls.\nI'll explain a number of reasons why Tesla is a strong buy.\n\nPhoto by Justin Sullivan/Getty Images News via Getty Images\nGrowth stocks have been absolutely destroyed in the past couple of months, and in the process, some bargains have been created. Not all growth stocks are created equal, and there were undoubtedly some frothy rallies that took place into the early part of 2021, but opportunities abound if you – like me – think that the rapid economic expansion out of the COVID recession will serve these growth stocks well.\nOne name that I haven’t touched much in the past, but that I believe is on the cusp of a big move higher, is electric vehicle OG Tesla(TSLA). Below, I’ll discuss why I like Tesla’s fundamentals at the current price, but the timing of my bullish position is dictated by what we see below.\nSource: StockCharts\nI’ve circled the areas that are ~4 weeks out from an upcoming earnings report to show how reliable Tesla has been in advancing – in a big way – into earnings reports. We are just under four weeks away from Tesla’s late-April report, and if history is a guide, the stock is likely to be a lot higher by the time the company reports than it is today. Given the immense weakness we’ve seen in the stock, I think the odds are even higher this time that the stock makes a run into the report than it usually is.\nNot only has Tesla been a big winner trading into earnings releases, but there are signs that the selling is losing momentum. The relative bottom at $539 was met with new momentum lows in the RSI and PPO, but the current move down has seen momentum much higher on a relative basis. That doesn’t guarantee anything, but it does show that the worst of the selling isprobablyover. I’ve circled the divergences I’m referencing in the chart above, as these are the earliest signs of a bottom being formed.\nThose that read my work know that I trust the accumulation/distribution line, which has never wavered despite the relentless selling we’ve seen. This indicator shows whether investors are buying dips or not and for the A/D line to look like that, on a stock with a massive market capitalization, institutions must be buying. Like the momentum indicators, nothing is certain with the A/D line, but all of this adds up to a stock that looks to me like it is trying to bottom.\nBut there’s one more piece of evidence I’d like to offer up that I believe shows Tesla is very oversold and is due for a rally. Below, I’ve plotted the total percentage returns over the prior 50-day period going back to the middle of 2018 to show just how ugly the recent selling has been.\nSource: Author’s chart using historical price data from Yahoo! Finance\nTesla is currently showing 50-day returns of -25%, which has only occurred a handful of times in the past three years. We can see that there was one period of protracted weakness in early 2019 that eventually resolved itself to the upside but did take some time. That was before EV stocks got their massive bid from investors, and I think it is pretty easy to argue that time frame isn’t all that comparable to today.\nWhat is comparable to today is the time period since 2020 began, and if we look at that, we see that Tesla is more oversold today by this measure than during any of the other drawdowns. I’ll say again none of this guarantees anything, but it certainly looks to me like Tesla is quite oversold on this measure, and keep in mind 50 trading days is roughly two and half months, so this is a longer-term indicator with lots of data points.\nNow, when I put all of this together – the recent decline, the divergences in momentum, the fact that Tesla has been a huge winner into earnings releases, and 50-day rolling returns – all signs point to a much higher stock a month or two down the road.\nObviously, risks exist. The narrative for growth stocks being crushed has been higher interest rates, and if rates continue higher, it is possible we see more selling in growth names. However, the damage has been pretty severe in a lot of cases, and the interest rate narrative is a couple of months old at this point, so I’m not sure how much more downside there could be relative to what has already taken place.\nEven if you do buy into the idea that higher rates are responsible for growth stocks coming down, it appears to me we have rally exhaustion going on in rates, opposite to what I just explained for Tesla.\nSource: StockCharts\nWe can see with this two-year chart that rates are still well below where they were pre-pandemic, with room for another 20 or 30bps before getting back to early-2020 levels. I mention this to say it isn’t like we’re making new highs in rates that should see growth stocks be decimated; this is just a rebound.\nBut more importantly, the vertical line I’ve annotated shows that the ten-year has climbed for about a month, making new relative highs repeatedly without any sort of momentum confirmation. The PPO is moving lower, and the 14-day RSI is doing the same thing. This doesn’t guarantee rates are coming down, but it does certainly show the rally is losing steam. Negative divergences like these often portend a change of trend, at least temporarily, and I firmly believe rates have moved too high, too quickly. If you believe rates are responsible for growth stock declines, this should look pretty bullish to you.\nNot just a trade\nI’ve detailed above why I think Tesla is set up very well right now technically, and I think the stock is on the cusp of a big move higher. However, Tesla isn’t just a trade candidate. I used to be a Tesla hater based on valuation this and valuation that, but the company has proven me wrong time and again. And it isn’t just me; have a look at this chart of revenue estimates, which move up, up, and up some more over time.\nSource: Seeking Alpha\nRevenue estimates have soared for the out years, but also for 2021 and 2022, in recent months. Tesla (read: Musk) has put out some highly ambitious goals over the year, some of which have come to fruition, and some of which haven’t. But this company is a massive disruptor in an industry with literally trillions of dollars on the line in the coming decade and has a huge head start on legacy players that are now trying to play catch up.\nSource: Investor presentation\nThe company continues to invest billions of dollars in new production capacity for its products, including Gigafactories in Shanghai, Berlin, and Austin. The Roadster will be low volume and likely won’t make much difference for revenue or earnings, but things like the Cybertruck and Semi have enormous potential.\nTesla has taken big market share gains over the years with a very small lineup of vehicles, and as batteries become cheaper, as ranges get longer, and as more and more localities ban gasoline and diesel vehicles, Tesla is easily the biggest winner. Legacy manufacturers have scale advantages in terms of financing and footprints in place, but they are many years behind Tesla in terms of development.\nThe beautiful thing is that Tesla is taking market share, but the market itself is growing rapidly. The adoption of EVs among consumers is still in the very early stages, and for commercial fleets, it is even earlier. This sort of rapidly expanding market is good for all players, but for Tesla, it is taking share in a burgeoning market, creating a virtuous cycle of upward revenue potential. That’s why estimates continue to rise, and why I believe they will continue to do so.\nEntire countries have made public their desire to ban fossil fuel vehicles in the not-too-distant future, which is why the legacy manufacturers are getting serious about EVs; there is no viable alternative at this point. Tesla has been developing for years and is the undisputed leader in the space, so it is in a much better competitive position for the eventual banning of fossil fuel vehicles around the world. Below we have EV market share, where Tesla is leading the way.\nSource: Statista\nTesla is in front of the only legacy OEM with any sort of meaningful share, which doesn't even account for the Detroit automakers, which are just getting started.\nTesla has years of knowledge in battery development - which is a key competitive advantage and differentiator - and it has already invested in manufacturing scale that not only affords higher capacity but a lead over the others that are trying to catch up. In short, Tesla knew the path forward was EVs years before the OEMs, which are now trying to replicate Tesla's success.\nOn the earnings front, Tesla used to be a leap of faith that at some point, the company would actually make some money. However, Tesla has now produced a full-year profit, and there appears to be no looking back.\nSource: Seeking Alpha\nEstimates have ramped higher since mid-2019, with steep upward slopes in estimates from 2021 through 2026 moving meaningfully higher. Tesla, in other words, has reached the inflection point with volume where it can cover all of its fixed costs, and reliably stop burning through cash by the hundreds of millions of dollars, which was an issue for years. That’s critically important because Tesla is no longer a leap of faith; it is a company with industry-leading operating margins and huge revenue growth potential.\nSource: Seeking Alpha\nIf you look at the bottom line in the above table, operating income on a TTM basis was negative through March 2019 but has been positive - and rising - since. That means Tesla has indeed reached the point where profitability is no longer a concern; this is an important step in its maturation process and proof it is now a mainstream automaker.\nValuation and sentiment\nThe interesting thing is that despite the wave of positive news coming from Tesla itself, and in news items like entire countries planning to ban fossil fuel vehicles, the analyst community is never quite bullish on Tesla.\nSource: Seeking Alpha\nAuthors here onSeeking Alphaare, on the whole, bearish leaning, while we see a similar story with Wall Street ratings. I simply don’t agree given the massive potential Tesla has and the fact that it is a proven winner. There are now countless EV manufacturers, but none of them have the scale, product line, and development time in the tool kit that Tesla does.\nAnd as Tesla continues to take market share in this market that is growing so rapidly, there is a lot of room for analysts to figure out they are on the wrong side of Tesla.\nFinally, let’s take a look at the EV to sales ratios of Tesla and a selection of competitors for the past year.\nSource: TIKR.com\nValuations moved a lot higher coming out of the pandemic, but that’s true of just about any sector you can think of; a 100-year pandemic event will crush valuations. Out of that, however, came much higher EV stock valuations for all of the reasons I mentioned above; the market is booming and consumers are responding by buying EVs. However, the massive run-up in valuations has largely been unwound, and I think it is pretty interesting that Tesla, which trades at 13X EV to forward sales, is in the middle of this pack.\nThe others on the list can rightly be called startups and have nothing close to the brand recognition, product line, development capability, manufacturing capability, or anything else you can think of when compared to Tesla. That means Tesla’s competitive advantage should be secure for years to come, but it trades for a similar valuation to these others that are sort of like buying Tesla in 2012 or 2013; it might work out, but it might not. Tesla is a very long way down the road in terms of its lifecycle compared to these competitors, so the relative risk is much lower.\nFinal Thoughts\nTesla is not only winning today, but it is continuing to invest tirelessly into winning tomorrow. Production scale for models like the 3, S, X, and Y is critical because those vehicles are selling today and providing the cash to invest in things like Cybertruck and Semi. Tesla is committed to winning in all stages of the EV market, including not only consumer but commercial as well.\nSemi production isn’t far off, and the company is already receiving interest from buyers. This has the potential formassivemarket share gains for Tesla in the next decade, but is not a story for 2021, to be clear.\nThe point here is that Tesla shares have been beaten down to levels that I believe are low enough to buy. The company has been a reliable winner into earnings reports, which we are slated to see in just over three weeks time. Its market share gains continue to pile up and with its massive head start in the world of EVs, Tesla looks like a clear long-term winner.\nValuations are rich but have come way down in recent weeks, and I’m going against the grain of recent pieces here onSAand am very bullish on Tesla, not only short term but longer term as well.\nRisks abound, of course, as they do with any automaker. The core risk for any company is that its product doesn't work in the marketplace, but for Tesla, that seems a bit farfetched given the success it has had. Tesla now has a full lineup of vehicles that is ever-expanding, and its brand is hugely valuable given its de factor first-mover advantage in EVs, scaling before the rest of the world thought to do so.\nGiven this, the principal risk to Tesla's bull case is not in the business itself, but in the valuation discussion. It is possible that investors will choose to stop paying very high earnings multiples for Tesla in the coming years. This could occur due to missteps from Tesla - such as poor product design, overcapacity, or products consumers simply don't want - or it could come from the intense amount of competition that is likely to come online in the coming years.\nThat, to me, is the biggest risk of buying Tesla today because it certainly appears this company is doing all the right things to win in an EV-dominated world. Thus, if you can look past the current valuation, if you're going to buy an automaker, you want to look at Tesla first.","news_type":1},"isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327070586,"gmtCreate":1616043502045,"gmtModify":1703496805782,"author":{"id":"3574676876089552","authorId":"3574676876089552","authorIdStr":"3574676876089552","name":"Meowchan","avatar":"https://static.tigerbbs.com/91031f826c044e111809023f69343489","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574676876089552"},"themes":[],"htmlText":"1","listText":"1","text":"1","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/327070586","repostId":"1114091354","repostType":4,"repost":{"id":"1114091354","pubTimestamp":1616039884,"share":"https://www.laohu8.com/m/news/1114091354?lang=&edition=full","pubTime":"2021-03-18 11:58","market":"us","language":"en","title":"Sea Limited Is A Stock To Watch: High Risk, High Return","url":"https://stock-news.laohu8.com/highlight/detail?id=1114091354","media":"seekingalpha","summary":"Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in th","content":"<p><b>Summary</b></p>\n<ul>\n <li>Sea Ltd is a potentially high-rewarding long-term investment.</li>\n <li>The company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited immensely from the pandemic.</li>\n <li>Its future share price movement would depend on the company’s growth and operational expansion, the development of the company’s fintech/digital banking business segment, and potential risks from competitors.</li>\n</ul>\n<p><b>Investment thesis</b></p>\n<p>It is difficult to determine Sea’s(NYSE:SE)share price movement for the short run (early to mid-2021). Its share price has had a spectacular growth in 2020 (rising by about 400%), primarily because of the pandemic, which has benefited from the surge in demand for all its digital businesses. This accelerated growth is unlikely to be repeated in 2021. However, 2021 will continue to usher in strong growth because of increasing online demand in the region.</p>\n<p>Sea is a promising company and has the potential to become one of the largest companies in ASEAN because of its strong appetite for growth and expansion. It is already three times the size of Singapore Telecommunication corporation and twice that of PTT (Thai Petroleum) by enterprise value.</p>\n<p>Sea’s future share price movement would depend on further increases in revenue growth and new revenue streams. However, it has significant risks and challenges from competition. At the current share price, Sea is 34% over valued (see annex 1) and is trading at 27 times of sales (2.5 times the average of its competitors, see annex 2). However, Sea’s good growth prospects within the next 2 years justify its price.</p>\n<p>Sea’s three core businesses (gaming, e-commerce and financial services) have been growing rapidly (160% year-on-year by revenue). The revenue stream to watch in 2021 is its fintech arm (i.e. SeaMoney), which is currently contributing only one percent to Sea’s overall revenue. It has been awarded a banking licence by the Monetary Authority of Singapore in 2020 (1 of 2 awardees) and acquired Bank Kesejahteraan Ekonomi (in Indonesia) in January 2021. Its financial services business is well positioned for a prospective growth towards the end of 2021 and into 2022. SeaMoney on its own could potentially add an additional $15 per share to Sea’s overall share price by end of 2021 (based on fundamental discounted cash flow (DCF) valuation with ADYEN’s historical data as a comparator).</p>\n<p><b>Overview</b></p>\n<p>The bulk of Sea’s business is in Southeast Asia. It operates in three key busines segments, through Garena (digital gaming), Shopee (e-commerce), and SeaMoney (digital financial services). Despite its rapid regional expansion, it has not yet generated profit. This situation is normal for businesses such as Sea, which has been focusing on building market position and expansion. Sea benefited from the COVID-19 pandemic, which accelerated its growth due to the surge in demand for its digital businesses.</p>\n<p><b>Valuation of Sea Ltd</b></p>\n<p>Determining a value for Sea is difficult at this point in time as the future potential of SeaMoney has yet to take shape. However, a ten-year DCF projection based on the company’s past performance can be used to determine a minimum intrinsic share price value without the growth contribution of SeaMoney (see figure 1 and table 1). Based on the DCF valuation, a $155.99 share price can be considered a low estimate for Sea. It is unlikely that the share price will drop below this point, barring external shocks and significant regulatory changes to the business sectors that it serves.</p>\n<p>Figure 1: Sea Ltd: Revenues, net income and free cash flows (Millions of Dollars)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9f9a3ff141d8761555a1cb4ad168586\" tg-width=\"640\" tg-height=\"194\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p>Table 1: Rates used in DCF valuation model</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/46e2934fedb8823d20be4440df7468c0\" tg-width=\"680\" tg-height=\"788\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p><b>Growth drivers</b></p>\n<p>Sea operates in a large agreeable market (Southeast Asia). It is one of the largest and fastest growing regions in the world (4.9% per year in the four next years) with a population of 670 million people and a GDP of $4.7 trillion by 2025 (more than that of India). The region’s internet economy has more than tripled over the past four years, reaching $100 billion in 2019 and is expected to grow to $300 billion by 2025 (a 20% CAGR) according to the&nbsp;Google, Temasek and Bain, e-Conomy SEA 2020 annual report. Digital financial services are another promising market for the region as it is expected to grow to $1 trillion by 2025, accounting for half the money transactions conducted in Southeast Asia.</p>\n<p>Sea has multiple revenue streams, and the company has ample opportunities to explore new revenue streams and enhance synergistic advantages. Garena is already profitable and is an exclusive distributor of Tencent Games in Southeast Asia. It has been expanding in game development. This business segment is bank rolling Shopee and SeaMoney. The latter has the potential to contribute to Sea’s future growth. It is currently contributing only 1 percent of Sea’s revenue (see figure 1). It is not unreasonable to assume SeaMoney’s revenue could witness an exponential growth, if compared against the historical growth of Dutch fintech company, Adyen (also with a banking licence) (see figure 2).</p>\n<p><b>Figure 1: Sea Ltd revenue breakdown</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4514c7c949a9478fd1e1f2ad6e172603\" tg-width=\"603\" tg-height=\"321\"><span>Source: Author’s calculation, with data from Sea Ltd.</span></p>\n<p><b>Figure 2: SeaMoney vs. Adyen revenue</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e6e7ed37e276589de723d7dffe1f16a\" tg-width=\"603\" tg-height=\"306\"><span>Source: Author’s calculation, with data from Sea Ltd and Adyen.</span></p>\n<p><b>Risks</b></p>\n<p>There are some risks to consider. They include the following:</p>\n<ol>\n <li><i>Existing competition (high impact):</i>Given the attractiveness of the markets that Sea participates in, there is fierce competition (especially in e-commerce and fintech) from other players such as Lazada, Grab, Gojek, Tokopedia and Bukalapak. This competitive pressure put into question Sea’s future growth and profits.</li>\n <li><i>New competition Gojek/Tokopedia merger (high impact):</i>In January 2021, Gojek and Grab merger talks fell apart. Currently, Gojek and Tokopedia are in the process to merge to form a $40 billion powerhouse and Grab is seeking IPO. The anticipated new entity (Gojek &amp; Tokopedia) will be a formidable competitor to Sea in Indonesia, given Gojek’s and Tokopedia’s extensive business networks in the region.</li>\n <li><i>Financial risk (moderate impact):</i>Sea has been increasing its debt leverage, at US$1.92 billion (September 2020) – an increase of US$470.6 million in a year. However, it also has US$3.55 billion in cash, leading to a US$1.63 billion net cash position. While Sea is losing money, it has generated positive free cash flow of US$96 million (September 2020) and therefore has limited short-term balance sheet risk.</li>\n <li><i>Sustainability (high impact):</i>Sea has not been profitable in the past five years and will not be until 2022. It has been using the profits from Garena (its only profitable business segment) to finance the expansion of its e-commerce and Fintech businesses.</li>\n <li><i>Over-valuation (moderate impact):</i>Sea is currently trading at a price-to-sales ratio of 27 times. This ratio is high as compared with Tencent Holdings at 11 times, Alibaba at 10 times and Meituan at 15 times. Although justifiable, this is a high premium to take on.</li>\n <li><i>Regulations (high impact):</i>Sea is subject to government regulations. Its financial services business is especially susceptible to regulatory changes. This can be further complicated by the number of countries it operates in. However, this is unlikely to be an issue in Singapore, Sea’s home country.</li>\n <li><i>Share dilution (moderate impact):</i>Sea has been constantly diluting its shares to support the financing of its various business expansions (see table 2).</li>\n</ol>\n<p>Table 2: Sea’s shares</p>\n<p><img src=\"https://static.tigerbbs.com/aab6b2ad5a564bfe638c9a6b93a0f458\" tg-width=\"815\" tg-height=\"396\"></p>\n<p><b>Conclusion</b></p>\n<p>Sea Ltd is a potentially high rewarding long-term investment but has a considerable amount of risk. However, the author believes that the company will overcome most of its challenge and strengthen its position as one of the dominant digital players in Southeast Asia. Investors should consider buying Sea as a long-term investment and with the strategy to buy the share when it dips in price and to slowly increase their position over time.</p>\n<p>Sea is one of the most exciting stories to watch. Key issues to follow closely are the company’s growth, SeaMoney development and rising challenges for competitors. Sea is defiantly a worthy pick for investors who are looking to diversify their portfolio with a good Southeast Asian stock.</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>Sea Limited Is A Stock To Watch: High Risk, High Return</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\">\nSea Limited Is A Stock To Watch: High Risk, High Return\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-18 11:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited ...</p>\n\n<a href=\"https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4414622-sea-stock-high-risk-high-return","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1114091354","content_text":"Summary\n\nSea Ltd is a potentially high-rewarding long-term investment.\nThe company is involved in three key areas of digital businesses (digital gaming, e-commerce and fintech), which have benefited immensely from the pandemic.\nIts future share price movement would depend on the company’s growth and operational expansion, the development of the company’s fintech/digital banking business segment, and potential risks from competitors.\n\nInvestment thesis\nIt is difficult to determine Sea’s(NYSE:SE)share price movement for the short run (early to mid-2021). Its share price has had a spectacular growth in 2020 (rising by about 400%), primarily because of the pandemic, which has benefited from the surge in demand for all its digital businesses. This accelerated growth is unlikely to be repeated in 2021. However, 2021 will continue to usher in strong growth because of increasing online demand in the region.\nSea is a promising company and has the potential to become one of the largest companies in ASEAN because of its strong appetite for growth and expansion. It is already three times the size of Singapore Telecommunication corporation and twice that of PTT (Thai Petroleum) by enterprise value.\nSea’s future share price movement would depend on further increases in revenue growth and new revenue streams. However, it has significant risks and challenges from competition. At the current share price, Sea is 34% over valued (see annex 1) and is trading at 27 times of sales (2.5 times the average of its competitors, see annex 2). However, Sea’s good growth prospects within the next 2 years justify its price.\nSea’s three core businesses (gaming, e-commerce and financial services) have been growing rapidly (160% year-on-year by revenue). The revenue stream to watch in 2021 is its fintech arm (i.e. SeaMoney), which is currently contributing only one percent to Sea’s overall revenue. It has been awarded a banking licence by the Monetary Authority of Singapore in 2020 (1 of 2 awardees) and acquired Bank Kesejahteraan Ekonomi (in Indonesia) in January 2021. Its financial services business is well positioned for a prospective growth towards the end of 2021 and into 2022. SeaMoney on its own could potentially add an additional $15 per share to Sea’s overall share price by end of 2021 (based on fundamental discounted cash flow (DCF) valuation with ADYEN’s historical data as a comparator).\nOverview\nThe bulk of Sea’s business is in Southeast Asia. It operates in three key busines segments, through Garena (digital gaming), Shopee (e-commerce), and SeaMoney (digital financial services). Despite its rapid regional expansion, it has not yet generated profit. This situation is normal for businesses such as Sea, which has been focusing on building market position and expansion. Sea benefited from the COVID-19 pandemic, which accelerated its growth due to the surge in demand for its digital businesses.\nValuation of Sea Ltd\nDetermining a value for Sea is difficult at this point in time as the future potential of SeaMoney has yet to take shape. However, a ten-year DCF projection based on the company’s past performance can be used to determine a minimum intrinsic share price value without the growth contribution of SeaMoney (see figure 1 and table 1). Based on the DCF valuation, a $155.99 share price can be considered a low estimate for Sea. It is unlikely that the share price will drop below this point, barring external shocks and significant regulatory changes to the business sectors that it serves.\nFigure 1: Sea Ltd: Revenues, net income and free cash flows (Millions of Dollars)\nSource: Author’s calculation, with data from Sea Ltd.\nTable 1: Rates used in DCF valuation model\nSource: Author’s calculation, with data from Sea Ltd.\nGrowth drivers\nSea operates in a large agreeable market (Southeast Asia). It is one of the largest and fastest growing regions in the world (4.9% per year in the four next years) with a population of 670 million people and a GDP of $4.7 trillion by 2025 (more than that of India). The region’s internet economy has more than tripled over the past four years, reaching $100 billion in 2019 and is expected to grow to $300 billion by 2025 (a 20% CAGR) according to the Google, Temasek and Bain, e-Conomy SEA 2020 annual report. Digital financial services are another promising market for the region as it is expected to grow to $1 trillion by 2025, accounting for half the money transactions conducted in Southeast Asia.\nSea has multiple revenue streams, and the company has ample opportunities to explore new revenue streams and enhance synergistic advantages. Garena is already profitable and is an exclusive distributor of Tencent Games in Southeast Asia. It has been expanding in game development. This business segment is bank rolling Shopee and SeaMoney. The latter has the potential to contribute to Sea’s future growth. It is currently contributing only 1 percent of Sea’s revenue (see figure 1). It is not unreasonable to assume SeaMoney’s revenue could witness an exponential growth, if compared against the historical growth of Dutch fintech company, Adyen (also with a banking licence) (see figure 2).\nFigure 1: Sea Ltd revenue breakdown\nSource: Author’s calculation, with data from Sea Ltd.\nFigure 2: SeaMoney vs. Adyen revenue\nSource: Author’s calculation, with data from Sea Ltd and Adyen.\nRisks\nThere are some risks to consider. They include the following:\n\nExisting competition (high impact):Given the attractiveness of the markets that Sea participates in, there is fierce competition (especially in e-commerce and fintech) from other players such as Lazada, Grab, Gojek, Tokopedia and Bukalapak. This competitive pressure put into question Sea’s future growth and profits.\nNew competition Gojek/Tokopedia merger (high impact):In January 2021, Gojek and Grab merger talks fell apart. Currently, Gojek and Tokopedia are in the process to merge to form a $40 billion powerhouse and Grab is seeking IPO. The anticipated new entity (Gojek & Tokopedia) will be a formidable competitor to Sea in Indonesia, given Gojek’s and Tokopedia’s extensive business networks in the region.\nFinancial risk (moderate impact):Sea has been increasing its debt leverage, at US$1.92 billion (September 2020) – an increase of US$470.6 million in a year. However, it also has US$3.55 billion in cash, leading to a US$1.63 billion net cash position. While Sea is losing money, it has generated positive free cash flow of US$96 million (September 2020) and therefore has limited short-term balance sheet risk.\nSustainability (high impact):Sea has not been profitable in the past five years and will not be until 2022. It has been using the profits from Garena (its only profitable business segment) to finance the expansion of its e-commerce and Fintech businesses.\nOver-valuation (moderate impact):Sea is currently trading at a price-to-sales ratio of 27 times. This ratio is high as compared with Tencent Holdings at 11 times, Alibaba at 10 times and Meituan at 15 times. Although justifiable, this is a high premium to take on.\nRegulations (high impact):Sea is subject to government regulations. Its financial services business is especially susceptible to regulatory changes. This can be further complicated by the number of countries it operates in. However, this is unlikely to be an issue in Singapore, Sea’s home country.\nShare dilution (moderate impact):Sea has been constantly diluting its shares to support the financing of its various business expansions (see table 2).\n\nTable 2: Sea’s shares\n\nConclusion\nSea Ltd is a potentially high rewarding long-term investment but has a considerable amount of risk. However, the author believes that the company will overcome most of its challenge and strengthen its position as one of the dominant digital players in Southeast Asia. Investors should consider buying Sea as a long-term investment and with the strategy to buy the share when it dips in price and to slowly increase their position over time.\nSea is one of the most exciting stories to watch. Key issues to follow closely are the company’s growth, SeaMoney development and rising challenges for competitors. Sea is defiantly a worthy pick for investors who are looking to diversify their portfolio with a good Southeast Asian stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}