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- geraldwgxgeraldwgx
  ·2021-11-08
  What?!
  Did The Fed Just Set The Stock Market Up For A Crash?
  Summary The more significant concern remains the underlying technical condition of the market. When
  Did The Fed Just Set The Stock Market Up For A Crash?
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- geraldwgxgeraldwgx
  ·2021-08-23
  Crpyto!
  非常抱歉，此主贴已删除
  337 1
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- geraldwgxgeraldwgx
  ·2021-08-19
  Wow
  非常抱歉，此主贴已删除
  301 评论
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- geraldwgxgeraldwgx
  ·2021-08-18
  Oh no Tesla!
  非常抱歉，此主贴已删除
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- geraldwgxgeraldwgx
  ·2021-08-16
  Roblox??
  非常抱歉，此主贴已删除
  304 评论
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- geraldwgxgeraldwgx
  ·2021-08-13
  Qcom!
  Qualcomm gets mild lift as Canaccord raises target to $225 a share
  Qualcomm shares edged north Thursday after Canaccord Genuity analyst Michael Walkley raised his pric
  Qualcomm gets mild lift as Canaccord raises target to $225 a share
  341 2
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- geraldwgxgeraldwgx
  ·2021-08-12
  Ebay!
  非常抱歉，此主贴已删除
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- geraldwgxgeraldwgx
  ·2021-08-11
  Seriously? Ea?
  1 Reason Electronic Arts Is a Screaming Buy
  The stock is falling, while upcoming releases could drive record results for fiscal 2022.
  1 Reason Electronic Arts Is a Screaming Buy
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- geraldwgxgeraldwgx
  ·2021-08-10
  Fisker!
  非常抱歉，此主贴已删除
  202 3
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- geraldwgxgeraldwgx
  ·2021-08-09
  Roblox?
  非常抱歉，此主贴已删除
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While the rally has been impressive, rising to all-time highs, the market is now back to more extreme overbought levels.</p>\n<p>Furthermore, our<i>\"money flow buy signal\"</i>is near a peak and slightly triggered a<i>\"sell signal</i>.\"<i>However, with the MACD still positive, the signal suggests a consolidation rather than correction.</i>However, a confirming MACD often aligns with short-term corrections at a minimum. Therefore, we will watch that signal closely.<i>Also, this entire rally from the recent lows has been on very weak volume, which suggests a lack of commitment.</i></p>\n<p><img src=\"https://static.tigerbbs.com/a3429c12c0b4f53ce96db64f777992db\" tg-width=\"1280\" tg-height=\"939\" referrerpolicy=\"no-referrer\"></p>\n<p>Currently, the bulls control the market as we are in the middle of a<i>\"buying stampede.\"</i>Historically, buying stampedes last on average between 7 and 12 days.<i>Logically, buying stampedes always get followed by selling stampedes of similar lengths.</i>However, there are times these stampedes can last much longer than expected.</p>\n<p>We are currently in one of those longer-term periods. As shown below,<i>the S&amp;P 500 has only been down in 2 of the last 18 days</i>. How unusual is that?<i>In the previous 20 years of the S&amp;P 500, the number of times the market accomplished such a feat was precisely ZERO.</i></p>\n<p><img src=\"https://static.tigerbbs.com/1badae6e518f3925c8f03d7f4c4ebf46\" tg-width=\"603\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p>\n<p>Of course, that stampede gets driven by exuberance.</p>\n<p><b>Irrational Exuberance</b></p>\n<p>In<i>our daily market commentary,</i>we quoted a piece of analysis from<i>Chartr.com</i>. To wit:</p>\n<blockquote>\n \"\n <i>Every week it feels like we get a new headline about financial markets doing something unusual. Just this week we've had:</i>\"\n</blockquote>\n<ul>\n <li><i>A \"squid game\" crypto token falling 99.99% in a few minutes.</i></li>\n <li><i>Tesla adding hundreds of billions of dollars in value over a deal with Hertz that hasn't even been signed.</i></li>\n <li><i>US stock markets hitting fresh all-time highs.</i></li>\n</ul>\n<blockquote>\n <i>\"All of which begs the question: are we in a bubble?\"</i>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/6ed9d32f0a4f4735cd9bfee9256df9f0\" tg-width=\"1198\" tg-height=\"1142\" referrerpolicy=\"no-referrer\"></p>\n<blockquote>\n <i>So where are we now? The latest CAPE ratio for the S&amp;P 500 Index is 38x. That's pretty close to the all-time record, which was 44x back in 2000. For those with a short memory, that was just before the dotcom bubble burst and stock markets (particularly tech) crashed hard.\"</i>\n</blockquote>\n<p>As we have noted previously, valuations, by themselves, are a terrible timing metric. However, they tell us a great deal about expected future returns and current market psychology.</p>\n<p>When it comes to<i>\"irrational exuberance,\"</i>there are other indicators better at revealing speculation in the markets that have preceded a stock market crash.</p>\n<p>The CNN Fear/Greed index is now at extreme greed territory.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/34127cf4a8555594b597b890b71c6a29\" tg-width=\"784\" tg-height=\"405\" referrerpolicy=\"no-referrer\"><span>Chart courtesy of The Market Ear via Zerohedge</span></p>\n<p>Furthermore, the demand for protection against a stock market crash<i>(put options)</i>fell to new lows.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c52d6bc2fbf4395680b8e0eb2df6b79\" tg-width=\"795\" tg-height=\"386\" referrerpolicy=\"no-referrer\"><span>Chart courtesy of The Market Ear via Zerohedge</span></p>\n<p>Historically, such periods of<i>\"speculative\"</i>activity led to a minimum of short-term stock market corrections, but a crash is not beyond the realm of possibilities.</p>\n<p>As noted above, with the market extremely overbought, speculative activity surging, and conviction weak, taking some actions to rebalance and manage risk is warranted.</p>\n<p>However, for now, investors have<i>\"no fear\"</i>as they believe the Fed will continue to remain accommodative.</p>\n<p><b>The Fed's Third Mandate Takes Priority</b></p>\n<p>My co-portfolio manager, Michael Lebowitz, made an important observation on Thursday.</p>\n<blockquote>\n <i>\"Jerome Powell made it clear the Fed is in no hurry to raise interest rates. 'We don't think it's time yet to raise interest rates. There is still ground to cover to reach maximum employment, both in terms of employment and in terms of participation.' The Fed's reason is the employment picture is not back to pre-pandemic levels.</i>\n</blockquote>\n<blockquote>\n <i>In our mind, there is plenty of evidence such as the outsize quits rate, rising wages, and the record number of job openings that scream the labor market is very healthy. Does Mr. Powell disagree with our assessment, or is there more to the Fed's policy stance?</i>\n</blockquote>\n<blockquote>\n <i>We believe he answered the question at Wednesday's press conference. Per Jerome Powell:</i>\n</blockquote>\n<blockquote>\n '\n <i>The Fed's policy actions have been guided by our mandate to promote maximum employment and stable prices for the American people along with our responsibilities to promote the stability of the financial system.</i>'\"\n</blockquote>\n<p>The last sentence is the most important.</p>\n<p>According to the Federal Reserve's Congressional authorization, the Fed has only TWO mandates: price stability<i>(inflation)</i>and full employment.</p>\n<p>The third mandate is a self-imposed mandate from<i><b>Ben Bernanke,</b></i>who was the Fed Chairman in 2010:</p>\n<blockquote>\n <i>\"This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose, and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending.\"</i>\n</blockquote>\n<p><b>Fed Opts To Keep Markets Elevated</b></p>\n<p>Jerome Powell ignored surging inflationary pressures and a robust job market in favor of supporting asset prices.<i>With valuations surging, speculative activity rising, and investors heavily leveraged, the Fed faces a difficult choice.</i></p>\n<p>There is already a decoupling of markets from consumer confidence. A stock market crash would further devastate confidence pushing the economy into recession.<i>That is the risk the Fed cannot afford.</i></p>\n<p><img src=\"https://static.tigerbbs.com/e4c02f25995e47cede0669e2f6348c56\" tg-width=\"822\" tg-height=\"456\" referrerpolicy=\"no-referrer\"></p>\n<p>However, while the Fed remains focused on keeping markets elevated, inflation poses a significant risk.</p>\n<p><i>Currently, with PPI at the highest spread to CPI in history, it suggests producers can't pass on costs to customers. Such equates to weaker profit margins and earnings in the future.</i>However, if they elect to pass those costs onto consumers, such will raise living costs well above wages.</p>\n<p><img src=\"https://static.tigerbbs.com/0d99b2b3a5e31431b808e96348151574\" tg-width=\"1101\" tg-height=\"494\" referrerpolicy=\"no-referrer\"></p>\n<p>As Michael concluded:</p>\n<blockquote>\n <i>\"'Promoting the stability of the financial system' seems to be an unofficial mandate. Might the Fed be dragging their feet to reduce crisis-driven policy because they fear a stock market crash? More specifically, can extreme stock valuations be justified without an overly aggressive Fed?</i>\n</blockquote>\n<blockquote>\n <i>The latest Fed meeting makes it increasingly clear that monetary policy changes are more a function of the asset markets and not the Fed's congressionally stated mandates.\"</i>\n</blockquote>\n<p><i>Ignoring the inflation risk is likely unwise. Previous spikes in the inflation spread aligned with weaker economic growth, stock market contractions, or crashes.</i></p>\n<p>While the Fed should be tapering monetary policy and hiking rates to prepare for the next recessionary downturn, they will opt to keep asset prices inflating. However, just as in the past, opting to keep monetary policy too loose for too long eventually triggers a more significant crisis.</p>\n<p><b>Weaker Economic Growth Coming</b></p>\n<p>While the Fed is busy supporting the equity markets, overvaluations, and speculative activity, the bond market has a different message.<i>As discussed this past week,</i>our expectation of weaker economic growth in 2022 is coming to fruition.</p>\n<blockquote>\n <i>\"The history of stock market crashes due to the Fed's monetary intervention schemes is evident. Not just over the last decade, but since the Fed became 'active' in 1980.\"</i>\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/9c837ec31f6fd0af1686f55673c08eb0\" tg-width=\"1051\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p>\n<p>More evidence continues to support that view, as noted by the sharp drop in productivity despite jobless claims falling back to pre-pandemic levels.<i>Thus, while the Fed hopes for \"full employment,\" such remains a function of \"math\" as the labor force shrinks.</i></p>\n<p><img src=\"https://static.tigerbbs.com/074a3efb7aea0c168fb921b3b4b616c3\" tg-width=\"985\" tg-height=\"592\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>More importantly,<i>\"real wages\"</i>are not keeping up with the inflationary surge.</p>\n<p><img src=\"https://static.tigerbbs.com/26e227d572bca85f1f6094d4124d65a4\" tg-width=\"872\" tg-height=\"504\" referrerpolicy=\"no-referrer\"></p>\n<p>Such will inevitably weigh on consumption which will weaken economic growth.</p>\n<p><b>Lower Bond Yields On The Way</b></p>\n<p>Are there currently risks to the bond market that investors should be concerned about near term?<i>Yes.</i>The current spike in inflation will likely last longer than expected due to the break of supply lines. Furthermore, rates tend to rise when the Fed begins to discuss<i>\"tapering\"</i>their bond purchases as they are doing now.</p>\n<p>However, both of these issues will resolve themselves going forward. Eventually, the supply chain disruption will mend, and inflation will decline as supply comes back online.</p>\n<p>More importantly, when the Fed does begin the process of \"<i>tapering\"</i>their bond purchases, yields historically fall as investors'<i>\"risk-preference\"</i>shifts from<i>\"risk-on\"</i>to<i>\"risk-off.\"</i></p>\n<p><img src=\"https://static.tigerbbs.com/23d408e8fd9e701bb6f3f7b2958d5c91\" tg-width=\"962\" tg-height=\"542\" referrerpolicy=\"no-referrer\"></p>\n<p><i>As if always the case with investing, timing, as they say, is everything.</i></p>\n<p>Such is why, particularly with the Fed set to hike rates in 2022, we are looking for our next opportunity to add duration to our bond portfolios.<i>Moreover, with the equity market grossly overvalued, we suspect that bonds will provide a chunk of our capital gains over the next couple of years.</i></p>\n<p>There is little upside to the equity market given current valuations, slowing earnings growth, a weaker economy, and less liquidity. However, whenever the next recession approaches, yields will once again likely approach zero.</p>\n<p><i>Got bonds?</i></p>\n<p><b>Portfolio Update</b></p>\n<p>The following is worth repeating:</p>\n<blockquote>\n <i>\"While anything is possible in the near term, complacency has returned to the market very quickly. However, there are numerous reasons to remain mindful of the risks.</i>\n</blockquote>\n<blockquote>\n <i>\"Furthermore, as noted above, there is limited upside as the annual rate of change in the market declines.\"</i>\n</blockquote>\n<p>As I mentioned several times this week on the<i>Real Investment Show broadcast</i>, we have started the process of reducing portfolio risk by rebalancing positions that have become grossly extended.</p>\n<p>Let me be clear.<i>We took profits; we did not sell the entirety of our position. Therefore, our portfolio allocations are near fully invested.</i>However, our cash position is growing as the market becomes more aggressively extended.</p>\n<p><img src=\"https://static.tigerbbs.com/2e8849a916829eb1400e0be60e85b5e6\" tg-width=\"1240\" tg-height=\"331\" referrerpolicy=\"no-referrer\"></p>\n<p>I make this clarification for two reasons.</p>\n<ol>\n <li><i>Many assume that when I say we are adjusting for risk, that equals selling everything and going to cash; and,</i></li>\n <li><i>Risk management is about small moves.</i></li>\n</ol>\n<p>An old axiom is that football is a<i>\"game of inches.\"</i>The same holds in portfolio management. Trying to throw a<i>\"Hail Mary\"</i>on every down will likely wind up costing you the game. Sure, you could potentially get lucky, but eventually, luck runs out.</p>\n<p>As Jim Cramer noted last week when discussing taking profits:</p>\n<blockquote>\n <i>\"Bulls get fat, pigs get fat, but hogs get slaughtered.\"</i>\n</blockquote>\n<p>It's another old Wall Street axiom that often gets ignored but probably shouldn't be.</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>Did The Fed Just Set The Stock Market Up For A Crash?</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\">\nDid The Fed Just Set The Stock Market Up For A Crash?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-08 17:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4466775-did-the-fed-just-set-the-stock-market-up-for-a-crash><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe more significant concern remains the underlying technical condition of the market.\nWhen it comes to irrational exuberance, there are other indicators better at revealing speculation in ...</p>\n\n<a href=\"https://seekingalpha.com/article/4466775-did-the-fed-just-set-the-stock-market-up-for-a-crash\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4466775-did-the-fed-just-set-the-stock-market-up-for-a-crash","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163557111","content_text":"Summary\n\nThe more significant concern remains the underlying technical condition of the market.\nWhen it comes to irrational exuberance, there are other indicators better at revealing speculation in the markets that have preceded a stock market crash.\nWith valuations surging, speculative activity rising, and investors heavily leveraged, the Fed faces a difficult choice.\n\nMarket Back To Extreme Overbought\nAs noted last week, the more significant concern remains the underlying technical condition of the market. While the rally has been impressive, rising to all-time highs, the market is now back to more extreme overbought levels.\nFurthermore, our\"money flow buy signal\"is near a peak and slightly triggered a\"sell signal.\"However, with the MACD still positive, the signal suggests a consolidation rather than correction.However, a confirming MACD often aligns with short-term corrections at a minimum. Therefore, we will watch that signal closely.Also, this entire rally from the recent lows has been on very weak volume, which suggests a lack of commitment.\n\nCurrently, the bulls control the market as we are in the middle of a\"buying stampede.\"Historically, buying stampedes last on average between 7 and 12 days.Logically, buying stampedes always get followed by selling stampedes of similar lengths.However, there are times these stampedes can last much longer than expected.\nWe are currently in one of those longer-term periods. As shown below,the S&P 500 has only been down in 2 of the last 18 days. How unusual is that?In the previous 20 years of the S&P 500, the number of times the market accomplished such a feat was precisely ZERO.\n\nOf course, that stampede gets driven by exuberance.\nIrrational Exuberance\nInour daily market commentary,we quoted a piece of analysis fromChartr.com. To wit:\n\n \"\n Every week it feels like we get a new headline about financial markets doing something unusual. Just this week we've had:\"\n\n\nA \"squid game\" crypto token falling 99.99% in a few minutes.\nTesla adding hundreds of billions of dollars in value over a deal with Hertz that hasn't even been signed.\nUS stock markets hitting fresh all-time highs.\n\n\n\"All of which begs the question: are we in a bubble?\"\n\n\n\nSo where are we now? The latest CAPE ratio for the S&P 500 Index is 38x. That's pretty close to the all-time record, which was 44x back in 2000. For those with a short memory, that was just before the dotcom bubble burst and stock markets (particularly tech) crashed hard.\"\n\nAs we have noted previously, valuations, by themselves, are a terrible timing metric. However, they tell us a great deal about expected future returns and current market psychology.\nWhen it comes to\"irrational exuberance,\"there are other indicators better at revealing speculation in the markets that have preceded a stock market crash.\nThe CNN Fear/Greed index is now at extreme greed territory.\nChart courtesy of The Market Ear via Zerohedge\nFurthermore, the demand for protection against a stock market crash(put options)fell to new lows.\nChart courtesy of The Market Ear via Zerohedge\nHistorically, such periods of\"speculative\"activity led to a minimum of short-term stock market corrections, but a crash is not beyond the realm of possibilities.\nAs noted above, with the market extremely overbought, speculative activity surging, and conviction weak, taking some actions to rebalance and manage risk is warranted.\nHowever, for now, investors have\"no fear\"as they believe the Fed will continue to remain accommodative.\nThe Fed's Third Mandate Takes Priority\nMy co-portfolio manager, Michael Lebowitz, made an important observation on Thursday.\n\n\"Jerome Powell made it clear the Fed is in no hurry to raise interest rates. 'We don't think it's time yet to raise interest rates. There is still ground to cover to reach maximum employment, both in terms of employment and in terms of participation.' The Fed's reason is the employment picture is not back to pre-pandemic levels.\n\n\nIn our mind, there is plenty of evidence such as the outsize quits rate, rising wages, and the record number of job openings that scream the labor market is very healthy. Does Mr. Powell disagree with our assessment, or is there more to the Fed's policy stance?\n\n\nWe believe he answered the question at Wednesday's press conference. Per Jerome Powell:\n\n\n '\n The Fed's policy actions have been guided by our mandate to promote maximum employment and stable prices for the American people along with our responsibilities to promote the stability of the financial system.'\"\n\nThe last sentence is the most important.\nAccording to the Federal Reserve's Congressional authorization, the Fed has only TWO mandates: price stability(inflation)and full employment.\nThe third mandate is a self-imposed mandate fromBen Bernanke,who was the Fed Chairman in 2010:\n\n\"This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose, and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance. Lower corporate bond rates will encourage investment. And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending.\"\n\nFed Opts To Keep Markets Elevated\nJerome Powell ignored surging inflationary pressures and a robust job market in favor of supporting asset prices.With valuations surging, speculative activity rising, and investors heavily leveraged, the Fed faces a difficult choice.\nThere is already a decoupling of markets from consumer confidence. A stock market crash would further devastate confidence pushing the economy into recession.That is the risk the Fed cannot afford.\n\nHowever, while the Fed remains focused on keeping markets elevated, inflation poses a significant risk.\nCurrently, with PPI at the highest spread to CPI in history, it suggests producers can't pass on costs to customers. Such equates to weaker profit margins and earnings in the future.However, if they elect to pass those costs onto consumers, such will raise living costs well above wages.\n\nAs Michael concluded:\n\n\"'Promoting the stability of the financial system' seems to be an unofficial mandate. Might the Fed be dragging their feet to reduce crisis-driven policy because they fear a stock market crash? More specifically, can extreme stock valuations be justified without an overly aggressive Fed?\n\n\nThe latest Fed meeting makes it increasingly clear that monetary policy changes are more a function of the asset markets and not the Fed's congressionally stated mandates.\"\n\nIgnoring the inflation risk is likely unwise. Previous spikes in the inflation spread aligned with weaker economic growth, stock market contractions, or crashes.\nWhile the Fed should be tapering monetary policy and hiking rates to prepare for the next recessionary downturn, they will opt to keep asset prices inflating. However, just as in the past, opting to keep monetary policy too loose for too long eventually triggers a more significant crisis.\nWeaker Economic Growth Coming\nWhile the Fed is busy supporting the equity markets, overvaluations, and speculative activity, the bond market has a different message.As discussed this past week,our expectation of weaker economic growth in 2022 is coming to fruition.\n\n\"The history of stock market crashes due to the Fed's monetary intervention schemes is evident. Not just over the last decade, but since the Fed became 'active' in 1980.\"\n\n\nMore evidence continues to support that view, as noted by the sharp drop in productivity despite jobless claims falling back to pre-pandemic levels.Thus, while the Fed hopes for \"full employment,\" such remains a function of \"math\" as the labor force shrinks.\n\nMore importantly,\"real wages\"are not keeping up with the inflationary surge.\n\nSuch will inevitably weigh on consumption which will weaken economic growth.\nLower Bond Yields On The Way\nAre there currently risks to the bond market that investors should be concerned about near term?Yes.The current spike in inflation will likely last longer than expected due to the break of supply lines. Furthermore, rates tend to rise when the Fed begins to discuss\"tapering\"their bond purchases as they are doing now.\nHowever, both of these issues will resolve themselves going forward. Eventually, the supply chain disruption will mend, and inflation will decline as supply comes back online.\nMore importantly, when the Fed does begin the process of \"tapering\"their bond purchases, yields historically fall as investors'\"risk-preference\"shifts from\"risk-on\"to\"risk-off.\"\n\nAs if always the case with investing, timing, as they say, is everything.\nSuch is why, particularly with the Fed set to hike rates in 2022, we are looking for our next opportunity to add duration to our bond portfolios.Moreover, with the equity market grossly overvalued, we suspect that bonds will provide a chunk of our capital gains over the next couple of years.\nThere is little upside to the equity market given current valuations, slowing earnings growth, a weaker economy, and less liquidity. However, whenever the next recession approaches, yields will once again likely approach zero.\nGot bonds?\nPortfolio Update\nThe following is worth repeating:\n\n\"While anything is possible in the near term, complacency has returned to the market very quickly. However, there are numerous reasons to remain mindful of the risks.\n\n\n\"Furthermore, as noted above, there is limited upside as the annual rate of change in the market declines.\"\n\nAs I mentioned several times this week on theReal Investment Show broadcast, we have started the process of reducing portfolio risk by rebalancing positions that have become grossly extended.\nLet me be clear.We took profits; we did not sell the entirety of our position. Therefore, our portfolio allocations are near fully invested.However, our cash position is growing as the market becomes more aggressively extended.\n\nI make this clarification for two reasons.\n\nMany assume that when I say we are adjusting for risk, that equals selling everything and going to cash; and,\nRisk management is about small moves.\n\nAn old axiom is that football is a\"game of inches.\"The same holds in portfolio management. Trying to throw a\"Hail Mary\"on every down will likely wind up costing you the game. Sure, you could potentially get lucky, but eventually, luck runs out.\nAs Jim Cramer noted last week when discussing taking profits:\n\n\"Bulls get fat, pigs get fat, but hogs get slaughtered.\"\n\nIt's another old Wall Street axiom that often gets ignored but probably shouldn't be.","news_type":1},"isVote":1,"tweetType":1,"viewCount":589,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":835258184,"gmtCreate":1629723222248,"gmtModify":1631889577851,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Crpyto!","listText":"Crpyto!","text":"Crpyto!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/835258184","repostId":"1132832038","repostType":4,"isVote":1,"tweetType":1,"viewCount":337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838314622,"gmtCreate":1629374007166,"gmtModify":1631889577852,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/838314622","repostId":"1139522405","repostType":4,"isVote":1,"tweetType":1,"viewCount":301,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831333805,"gmtCreate":1629286816707,"gmtModify":1631889577854,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Oh no Tesla!","listText":"Oh no Tesla!","text":"Oh no Tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/831333805","repostId":"1143139790","repostType":4,"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839989990,"gmtCreate":1629116467510,"gmtModify":1631889577860,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Roblox??","listText":"Roblox??","text":"Roblox??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/839989990","repostId":"1180063424","repostType":4,"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894281830,"gmtCreate":1628829344720,"gmtModify":1631889577864,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Qcom!","listText":"Qcom!","text":"Qcom!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/894281830","repostId":"1143708397","repostType":4,"repost":{"id":"1143708397","kind":"news","pubTimestamp":1628826615,"share":"https://www.laohu8.com/m/news/1143708397?lang=&edition=full","pubTime":"2021-08-13 11:50","market":"us","language":"en","title":"Qualcomm gets mild lift as Canaccord raises target to $225 a share","url":"https://stock-news.laohu8.com/highlight/detail?id=1143708397","media":"Seeking Alpha","summary":"Qualcomm shares edged north Thursday after Canaccord Genuity analyst Michael Walkley raised his pric","content":"<ul>\n <li><a href=\"https://laohu8.com/S/QCOM\">Qualcomm</a> shares edged north&nbsp;Thursday after Canaccord Genuity analyst Michael Walkley raised his price target on the chipmaker's stock to $225 a share.</li>\n <li>Walkley made the move after hosting a fireside chat with Qualcomm (QCOM) Chief Executive Cristiano Amon at a Canaccord conference. The analyst said the opportunities from the expansion of 5G smartphone use were among the reasons for his upbeat take on the company's stock-price potential. Walkley earlier had a $200-a-share price target in place.</li>\n <li>Walkley said new business with Google(NASDAQ:&nbsp;<a href=\"https://laohu8.com/S/GOOG\">Alphabet</a>)&nbsp;Android phone makers, as well as \"overall market share gains with a full year of shipping to Apple\" should boost Qualcomm's 5G sales down the road.</li>\n <li>Qualcomm (QCOM) recently attracted some attention when the San Diego-based company threw its hat in the ring with a bid to acquire Swedish automotive technology developer <a href=\"https://laohu8.com/S/VNE\">Veoneer, Inc.</a>&nbsp;for $37 a share, or about $4.6 billion.</li>\n</ul>","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>Qualcomm gets mild lift as Canaccord raises target to $225 a share</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\">\nQualcomm gets mild lift as Canaccord raises target to $225 a share\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-13 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3729731-qualcomm-gets-mild-lift-as-canaccord-raises-target-to-225-a-share><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Qualcomm shares edged north Thursday after Canaccord Genuity analyst Michael Walkley raised his price target on the chipmaker's stock to $225 a share.\nWalkley made the move after hosting a fireside ...</p>\n\n<a href=\"https://seekingalpha.com/news/3729731-qualcomm-gets-mild-lift-as-canaccord-raises-target-to-225-a-share\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QCOM":"高通"},"source_url":"https://seekingalpha.com/news/3729731-qualcomm-gets-mild-lift-as-canaccord-raises-target-to-225-a-share","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143708397","content_text":"Qualcomm shares edged north Thursday after Canaccord Genuity analyst Michael Walkley raised his price target on the chipmaker's stock to $225 a share.\nWalkley made the move after hosting a fireside chat with Qualcomm (QCOM) Chief Executive Cristiano Amon at a Canaccord conference. The analyst said the opportunities from the expansion of 5G smartphone use were among the reasons for his upbeat take on the company's stock-price potential. Walkley earlier had a $200-a-share price target in place.\nWalkley said new business with Google(NASDAQ: Alphabet) Android phone makers, as well as \"overall market share gains with a full year of shipping to Apple\" should boost Qualcomm's 5G sales down the road.\nQualcomm (QCOM) recently attracted some attention when the San Diego-based company threw its hat in the ring with a bid to acquire Swedish automotive technology developer Veoneer, Inc. for $37 a share, or about $4.6 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":341,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895142972,"gmtCreate":1628730684596,"gmtModify":1631889577863,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Ebay!","listText":"Ebay!","text":"Ebay!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/895142972","repostId":"1146833505","repostType":4,"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892488396,"gmtCreate":1628683872815,"gmtModify":1631889577872,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Seriously? Ea?","listText":"Seriously? Ea?","text":"Seriously? Ea?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/892488396","repostId":"2158281671","repostType":4,"repost":{"id":"2158281671","kind":"highlight","pubTimestamp":1628682420,"share":"https://www.laohu8.com/m/news/2158281671?lang=&edition=full","pubTime":"2021-08-11 19:47","market":"us","language":"en","title":"1 Reason Electronic Arts Is a Screaming Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=2158281671","media":"Motley Fool","summary":"The stock is falling, while upcoming releases could drive record results for fiscal 2022.","content":"<p>Top video game stocks have underperformed this year, as growth has slowed while the economy reopens. But the stock of <b>Electronic Arts</b> (NASDAQ:EA) has outperformed its peers, which says a lot about the sales potential of its upcoming release schedule, coupled with EA's relatively low valuation.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/519dac986dc7cf663d909a1748cdb956\" tg-width=\"720\" tg-height=\"410\" referrerpolicy=\"no-referrer\"><span>EA data by YCharts.</span></p>\n<p>EA beat its own guidance in revenue, bookings, and earnings per share for the fiscal first quarter, and management raised its full-year outlook. But the stock still fell after the earnings report and is currently down 5.1% year to date.</p>\n<p>The stock now sports a forward price-to-earnings multiple of 20.4 based on the consensus earnings estimate for fiscal 2022 (which ends in March).&nbsp;At these levels, EA is cheaper than <b>Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a> Interactive</b> (NASDAQ:TTWO) and <b>Activision Blizzard</b> (NASDAQ:ATVI).</p>\n<p>Still, a low P/E alone doesn't make a stock a buy. The reason to invest in EA is its budding momentum on several fronts, including growth in EA Sports titles and prospects for big sales from upcoming releases, most importantly first-person shooter <i>Battlefield 2042</i>, which could be the biggest release yet in the series.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a52ff26234632667b0fc713fb1371a5b\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<h2>Major new releases coming</h2>\n<p>EA had a busy quarter, with the unveiling of <i>Battlefield 2042&nbsp;</i>making quite a splash.&nbsp;Total views for trailers and content since the announcement on June 9 have reached over 210 million across all channels.&nbsp;The game will launch on Oct. 22 and should drive healthy sales for the holidays, especially since a new <i>Battlefield</i> isn't released every year like Activision's <i>Call of Duty</i>. The last <i>Battlefield</i> title release was nearly three years ago, so there could be pent-up demand.</p>\n<p>EA also announced <i>Madden NFL 22</i>, to be released on Aug. 20, and <i>FIFA 22</i>, coming Oct. 1. Both titles will find an audience that is highly engaged with sports titles.</p>\n<p>Over 140 million players have played an EA Sports title over the last 12 months. Specifically, EA said that <i>Madden</i> <i>Ultimate Team</i> had grown bookings 115% over the last two years. Likewise, <i>FIFA</i> <i>Ultimate Team</i> has seen a 47% increase in bookings.</p>\n<p>These two-year growth comparisons are what put EA's trailing-12-month bookings growth of just 3% in context. What's notable is that EA's bookings are not dropping back to pre-pandemic levels, which would signify that new players were putting down their controllers to do something else with their time as the economy reopens. Instead, first-quarter 2022 bookings were down 4% year over year,&nbsp;which means consumer spending on EA's games is roughly the same as it was this time last year.</p>\n<p>From a broader perspective, bookings are up 70% over the same quarter, ending in June 2019. EA also reported that mobile bookings, excluding the acquisition of Glu Mobile, are up 16% organically over the last two years.</p>\n<p>During the first-quarter earnings call, CEO Andrew Wilson seemed very encouraged by what he's seeing:</p>\n<blockquote>\n Looking at our first quarter of fiscal 2022, we delivered very strong results. Even as the world took steps toward opening back up, we deepened engagement and connections for players in and around our games. And we see this trend going well into the future.\n</blockquote>\n<h2><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0b4676d071861d8b426fc5ab8b363e43\" tg-width=\"720\" tg-height=\"410\" referrerpolicy=\"no-referrer\"><span>EA P/E ratio (forward) data by YCharts.</span></p></h2>\n<h2>A cheap stock with catalysts</h2>\n<p>The <i>FIFA</i> franchise of soccer games continues to grow around the world, with <i>FIFA Online 4</i> in China reaching a new record for monthly, weekly, and peak daily active players.&nbsp;The release of <i>F1 2021 </i>from Codemasters positions EA well for growing interest in racing games, with sales up nearly 10% over last year's version.</p>\n<p>With momentum in sports, recent acquisitions that position EA for long-term growth in mobile, and a new <i>Battlefield</i> title on the horizon, this is shaping up to be a pivotal year for the company.</p>\n<p>As the stock market reaches new highs and valuations for top growth stocks start to seem expensive, EA looks like a relatively good value at a forward P/E of 20.4, on top of a dividend yield of 0.50%.&nbsp;This is a great opportunity to buy shares before the market changes its mind.</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>1 Reason Electronic Arts Is a Screaming Buy</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\">\n1 Reason Electronic Arts Is a Screaming Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-11 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/11/1-reason-electronic-arts-is-a-screaming-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top video game stocks have underperformed this year, as growth has slowed while the economy reopens. But the stock of Electronic Arts (NASDAQ:EA) has outperformed its peers, which says a lot about the...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/11/1-reason-electronic-arts-is-a-screaming-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EA":"艺电"},"source_url":"https://www.fool.com/investing/2021/08/11/1-reason-electronic-arts-is-a-screaming-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158281671","content_text":"Top video game stocks have underperformed this year, as growth has slowed while the economy reopens. But the stock of Electronic Arts (NASDAQ:EA) has outperformed its peers, which says a lot about the sales potential of its upcoming release schedule, coupled with EA's relatively low valuation.\nEA data by YCharts.\nEA beat its own guidance in revenue, bookings, and earnings per share for the fiscal first quarter, and management raised its full-year outlook. But the stock still fell after the earnings report and is currently down 5.1% year to date.\nThe stock now sports a forward price-to-earnings multiple of 20.4 based on the consensus earnings estimate for fiscal 2022 (which ends in March). At these levels, EA is cheaper than Take-Two Interactive (NASDAQ:TTWO) and Activision Blizzard (NASDAQ:ATVI).\nStill, a low P/E alone doesn't make a stock a buy. The reason to invest in EA is its budding momentum on several fronts, including growth in EA Sports titles and prospects for big sales from upcoming releases, most importantly first-person shooter Battlefield 2042, which could be the biggest release yet in the series.\nImage source: Getty Images.\nMajor new releases coming\nEA had a busy quarter, with the unveiling of Battlefield 2042 making quite a splash. Total views for trailers and content since the announcement on June 9 have reached over 210 million across all channels. The game will launch on Oct. 22 and should drive healthy sales for the holidays, especially since a new Battlefield isn't released every year like Activision's Call of Duty. The last Battlefield title release was nearly three years ago, so there could be pent-up demand.\nEA also announced Madden NFL 22, to be released on Aug. 20, and FIFA 22, coming Oct. 1. Both titles will find an audience that is highly engaged with sports titles.\nOver 140 million players have played an EA Sports title over the last 12 months. Specifically, EA said that Madden Ultimate Team had grown bookings 115% over the last two years. Likewise, FIFA Ultimate Team has seen a 47% increase in bookings.\nThese two-year growth comparisons are what put EA's trailing-12-month bookings growth of just 3% in context. What's notable is that EA's bookings are not dropping back to pre-pandemic levels, which would signify that new players were putting down their controllers to do something else with their time as the economy reopens. Instead, first-quarter 2022 bookings were down 4% year over year, which means consumer spending on EA's games is roughly the same as it was this time last year.\nFrom a broader perspective, bookings are up 70% over the same quarter, ending in June 2019. EA also reported that mobile bookings, excluding the acquisition of Glu Mobile, are up 16% organically over the last two years.\nDuring the first-quarter earnings call, CEO Andrew Wilson seemed very encouraged by what he's seeing:\n\n Looking at our first quarter of fiscal 2022, we delivered very strong results. Even as the world took steps toward opening back up, we deepened engagement and connections for players in and around our games. And we see this trend going well into the future.\n\nEA P/E ratio (forward) data by YCharts.\nA cheap stock with catalysts\nThe FIFA franchise of soccer games continues to grow around the world, with FIFA Online 4 in China reaching a new record for monthly, weekly, and peak daily active players. The release of F1 2021 from Codemasters positions EA well for growing interest in racing games, with sales up nearly 10% over last year's version.\nWith momentum in sports, recent acquisitions that position EA for long-term growth in mobile, and a new Battlefield title on the horizon, this is shaping up to be a pivotal year for the company.\nAs the stock market reaches new highs and valuations for top growth stocks start to seem expensive, EA looks like a relatively good value at a forward P/E of 20.4, on top of a dividend yield of 0.50%. This is a great opportunity to buy shares before the market changes its mind.","news_type":1},"isVote":1,"tweetType":1,"viewCount":290,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892083600,"gmtCreate":1628610864800,"gmtModify":1631889577870,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Fisker!","listText":"Fisker!","text":"Fisker!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/892083600","repostId":"2158254477","repostType":4,"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898443787,"gmtCreate":1628519032049,"gmtModify":1631889577877,"author":{"id":"3575029648091589","authorId":"3575029648091589","name":"geraldwgx","avatar":"https://static.tigerbbs.com/fa9b9cf9f86281debcdcbb0099015c91","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575029648091589","authorIdStr":"3575029648091589"},"themes":[],"htmlText":"Roblox?","listText":"Roblox?","text":"Roblox?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/898443787","repostId":"1141877175","repostType":4,"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}