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andrewtingg
2025-02-25
$STI ETF(ES3.SI)$
andrewtingg
2024-09-18
$STI ETF(ES3.SI)$
andrewtingg
2024-07-31
Congrats Tiger! Way to go!
andrewtingg
2024-07-31
Great article, would you like to share it?
@TigerEvents:[10th Anniv] Discover exciting features & win a US$1,010 reward!
andrewtingg
2023-11-07
Happy Halloween to everyone!
andrewtingg
2023-11-06
Best game in tiger. Good job
andrewtingg
2023-11-05
Fun game fun game fun game.
andrewtingg
2023-11-04
Thank you tiger. Enjoying this game.
andrewtingg
2023-11-03
So fun to play. Good game.
andrewtingg
2023-11-02
A valid post too. Like please.
andrewtingg
2023-11-01
Trick or treats? Happy Halloween!
andrewtingg
2023-11-01
Great ariticle, would you like to share it?
@TigerEvents:Join Tiger's Halloween Fun! Win Big!
andrewtingg
2023-06-26
Happy Monday Tiger friends.
andrewtingg
2023-06-23
Its tgif everyone! Yayyy
andrewtingg
2023-06-22
Go go go tiger tiger!
andrewtingg
2023-06-21
Thank you tiger for this game.
andrewtingg
2023-06-20
Thank you tiger very much!
andrewtingg
2023-06-17
đđ»đđ»đđ»đđ»đđ»đđ»đđ»đđ»đđ»
andrewtingg
2023-06-14
Nice game very good game.
andrewtingg
2023-06-08
Thanks tiger again!
Go to Tiger App to see more news
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href=\"https://ttm.financial/S/ES3.SI\">$STI ETF(ES3.SI)$ </a> ","listText":"<a href=\"https://ttm.financial/S/ES3.SI\">$STI ETF(ES3.SI)$ </a> ","text":"$STI ETF(ES3.SI)$","images":[{"img":"https://community-static.tradeup.com/news/6c3621f98503d8bd2803163fb6e3726c","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/407262881055408","isVote":1,"tweetType":1,"viewCount":1889,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":350808388108328,"gmtCreate":1726672051284,"gmtModify":1726672055393,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ES3.SI\">$STI ETF(ES3.SI)$ </a> ","listText":"<a href=\"https://ttm.financial/S/ES3.SI\">$STI ETF(ES3.SI)$ </a> ","text":"$STI ETF(ES3.SI)$","images":[{"img":"https://community-static.tradeup.com/news/12465ae24b6547edb26692066e5bee2e","width":"1092","height":"1717"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350808388108328","isVote":1,"tweetType":1,"viewCount":2759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":333412874727536,"gmtCreate":1722427053189,"gmtModify":1722427056716,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Congrats Tiger! Way to go!","listText":"Congrats Tiger! Way to go!","text":"Congrats Tiger! Way to go!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/333412874727536","isVote":1,"tweetType":1,"viewCount":3715,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":333412111519912,"gmtCreate":1722427013743,"gmtModify":1722427016228,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Great article, would you like to share it?","listText":"Great article, would you like to share it?","text":"Great article, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/333412111519912","repostId":"313600081719480","repostType":1,"repost":{"id":313600081719480,"gmtCreate":1717584773809,"gmtModify":1719559158217,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"[10th Anniv] Discover exciting features & win a US$1,010 reward!","htmlText":"đ Unlock Your Path to $1,010 voucher with Our Winning Guide! đOur exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. Hereâs how you can maximize your winnings:đ Winning Guide đDiscover Exclusive Features:Click to explore the unique features youâre interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, youâll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!đĄ Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","listText":"đ Unlock Your Path to $1,010 voucher with Our Winning Guide! đOur exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. 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Hereâs how you can maximize your winnings:đ Winning Guide đDiscover Exclusive Features:Click to explore the unique features youâre interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, youâll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!đĄ Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","images":[{"img":"https://community-static.tradeup.com/news/ba3323c6518b57d08bcc75d90ffa0c5a","width":"2000","height":"2000"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313600081719480","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2949,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238837572538448,"gmtCreate":1699339418081,"gmtModify":1699339422477,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Happy Halloween to everyone! ","listText":"Happy Halloween to everyone! ","text":"Happy Halloween to everyone!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/238837572538448","isVote":1,"tweetType":1,"viewCount":3477,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238556320854136,"gmtCreate":1699270882762,"gmtModify":1699270886786,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Best game in tiger. Good job ","listText":"Best game in tiger. Good job ","text":"Best game in tiger. Good job","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238556320854136","isVote":1,"tweetType":1,"viewCount":3115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":238041364218016,"gmtCreate":1699151256199,"gmtModify":1699151261625,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Fun game fun game fun game. ","listText":"Fun game fun game fun game. ","text":"Fun game fun game fun game.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/238041364218016","isVote":1,"tweetType":1,"viewCount":2775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237823359885424,"gmtCreate":1699098060254,"gmtModify":1699098064228,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Thank you tiger. Enjoying this game. ","listText":"Thank you tiger. Enjoying this game. ","text":"Thank you tiger. Enjoying this game.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237823359885424","isVote":1,"tweetType":1,"viewCount":2714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237500787752992,"gmtCreate":1699019272777,"gmtModify":1699019278790,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"So fun to play. Good game. ","listText":"So fun to play. Good game. ","text":"So fun to play. Good game.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237500787752992","isVote":1,"tweetType":1,"viewCount":3081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237022268936400,"gmtCreate":1698902510293,"gmtModify":1698902515502,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"A valid post too. Like please. ","listText":"A valid post too. Like please. ","text":"A valid post too. Like please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/237022268936400","isVote":1,"tweetType":1,"viewCount":3447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":236813264048128,"gmtCreate":1698851397432,"gmtModify":1698851402778,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Trick or treats? Happy Halloween! ","listText":"Trick or treats? Happy Halloween! ","text":"Trick or treats? Happy Halloween!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/236813264048128","isVote":1,"tweetType":1,"viewCount":1939,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":236811363602640,"gmtCreate":1698851019734,"gmtModify":1698851023489,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/236811363602640","repostId":"234641357262864","repostType":1,"repost":{"id":234641357262864,"gmtCreate":1698311576543,"gmtModify":1745315265346,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Join Tiger's Halloween Fun! Win Big!","htmlText":"Hey there, spooky squad! đHalloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap â the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","listText":"Hey there, spooky squad! đHalloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap â the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","text":"Hey there, spooky squad! đHalloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap â the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","images":[{"img":"https://community-static.tradeup.com/news/ad478b709732d53302c395a52fa1c8e1","width":"1200","height":"630"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234641357262864","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191610733473800,"gmtCreate":1687788613738,"gmtModify":1687788617782,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Happy Monday Tiger friends. ","listText":"Happy Monday Tiger friends. ","text":"Happy Monday Tiger friends.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191610733473800","isVote":1,"tweetType":1,"viewCount":1558,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190363155869704,"gmtCreate":1687500900475,"gmtModify":1687500903928,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Its tgif everyone! Yayyy","listText":"Its tgif everyone! Yayyy","text":"Its tgif everyone! Yayyy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190363155869704","isVote":1,"tweetType":1,"viewCount":1887,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190145193173216,"gmtCreate":1687447837953,"gmtModify":1687447841465,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Go go go tiger tiger! ","listText":"Go go go tiger tiger! ","text":"Go go go tiger tiger!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190145193173216","isVote":1,"tweetType":1,"viewCount":1233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189778645229744,"gmtCreate":1687358333179,"gmtModify":1687358337598,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Thank you tiger for this game. ","listText":"Thank you tiger for this game. ","text":"Thank you tiger for this game.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189778645229744","isVote":1,"tweetType":1,"viewCount":1112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189347548913816,"gmtCreate":1687252952578,"gmtModify":1687252955854,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Thank you tiger very much! ","listText":"Thank you tiger very much! ","text":"Thank you tiger very much!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189347548913816","isVote":1,"tweetType":1,"viewCount":1639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188175550439544,"gmtCreate":1686966817444,"gmtModify":1686966821572,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"đđ»đđ»đđ»đđ»đđ»đđ»đđ»đđ»đđ»","listText":"đđ»đđ»đđ»đđ»đđ»đđ»đđ»đđ»đđ»","text":"đđ»đđ»đđ»đđ»đđ»đđ»đđ»đđ»đđ»","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188175550439544","isVote":1,"tweetType":1,"viewCount":1118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187072307290216,"gmtCreate":1686711229828,"gmtModify":1686711233649,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Nice game very good game. ","listText":"Nice game very good game. ","text":"Nice game very good game.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187072307290216","isVote":1,"tweetType":1,"viewCount":1057,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185111629324304,"gmtCreate":1686232808813,"gmtModify":1686232812040,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Thanks tiger again! ","listText":"Thanks tiger again! ","text":"Thanks tiger again!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/185111629324304","isVote":1,"tweetType":1,"viewCount":1391,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":135438775,"gmtCreate":1622175141497,"gmtModify":1704180906681,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like and comment. ","listText":"Like and comment. ","text":"Like and comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/135438775","repostId":"1148985369","repostType":4,"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582084463458542","authorId":"3582084463458542","name":"Stonksboi","avatar":"https://static.tigerbbs.com/438d081eba3c41d4725ec304bd3ba10f","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3582084463458542","idStr":"3582084463458542"},"content":"Reply back thanks","text":"Reply back thanks","html":"Reply back thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9052679883,"gmtCreate":1655171785842,"gmtModify":1676535575346,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9052679883","repostId":"2243261112","repostType":4,"isVote":1,"tweetType":1,"viewCount":734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9025863486,"gmtCreate":1653659225045,"gmtModify":1676535322539,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9025863486","repostId":"1131742262","repostType":4,"repost":{"id":"1131742262","kind":"news","pubTimestamp":1653655854,"share":"https://ttm.financial/m/news/1131742262?lang=en_US&edition=fundamental","pubTime":"2022-05-27 20:50","market":"us","language":"en","title":"Nvidia Stock: Investors Are Buying the Dip. Where From Here?","url":"https://stock-news.laohu8.com/highlight/detail?id=1131742262","media":"TheStreet","summary":"Nvidia stock is being bought on the dip. Here's how traders should approach it now.","content":"<html><head></head><body><p>After the market on May 25 finished strongly, all eyes shifted to Nvidia as investors looked for one of the marketâs top tech firms to give stocks another lift.</p><p>When the company reported earnings after the close, the stock fell flat, dropping more than 6% in after-hours trading. That's even after the graphics-chip specialist beat earnings estimates.</p><p>But thatâs<i>not</i>the case on May 26. The shares opened 5.5% lower and then moved into positive territory, up more than 5% on the day.</p><p>The Santa Clara, Calif., company delivered a top- and bottom-line beat â including record revenue â but a muted outlook had weighed on the stock price.</p><p>So why the rebound? Wall Street impatiently reacted to the headline numbers, failing to account for <i>why</i> guidance was great but a bit short of expectations.</p><p>Itâs due to the war in Eastern Europe and the covid lockdowns in China. Without those factors, the company easily clears expectations.</p><p>Investors also seemingly failed to account for the fact that Nvidia stock was down more than 50%. That should have investors thinking about buying the recent quarter, not selling it.</p><p><b>Trading Nvidia Stock</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c6efcaf4e90e39a54568db8f6f11241a\" tg-width=\"1111\" tg-height=\"869\" referrerpolicy=\"no-referrer\"/><span>Weekly chart of Nvidia stock.</span></p><p>As you can see on the weekly chart above, Nvidia stock continues to find support in the mid- to high-$150s. After opening near $160 today, it has been rallying.</p><p>Next up is last weekâs high, at $183.71. If Nvidia can clear this level, it opens the door up to the vital $195 area. There the stock will find the 21-month and 10-week moving averages. It will also find the 50% retracement as measured from the all-time high down to the March 2020 covid low.</p><p>Just like the $155 area, the $195 area will be key for Nvidia stock.</p><p>If it cannot push through $200, we must keep an eye on where support comes into play. Ideally, we will see a higher low form, giving bulls some momentum on their side and some structure to work with.</p><p>If thatâs not the case, weâll need to see how Nvidia stock handles the $155 to $160 region and if it can again act as support.</p><p>On the upside, a push through $195 opens the door to $200-plus. Specifically, it will put the $208 to $212 zone on the table, which was a notable support/resistance zone over the past several quarters.</p><p>Should Nvidia stock push through it, we could see a rally up to the $225 to $235 area where it finds the 21-week and 50-week moving averages.</p></body></html>","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>Nvidia Stock: Investors Are Buying the Dip. Where From Here?</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\">\nNvidia Stock: Investors Are Buying the Dip. Where From Here?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-27 20:50 GMT+8 <a href=https://www.thestreet.com/investing/nvidia-investors-buying-dip-how-to-trade-technical-analysis-may-2022><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After the market on May 25 finished strongly, all eyes shifted to Nvidia as investors looked for one of the marketâs top tech firms to give stocks another lift.When the company reported earnings after...</p>\n\n<a href=\"https://www.thestreet.com/investing/nvidia-investors-buying-dip-how-to-trade-technical-analysis-may-2022\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"è±äŒèŸŸ"},"source_url":"https://www.thestreet.com/investing/nvidia-investors-buying-dip-how-to-trade-technical-analysis-may-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131742262","content_text":"After the market on May 25 finished strongly, all eyes shifted to Nvidia as investors looked for one of the marketâs top tech firms to give stocks another lift.When the company reported earnings after the close, the stock fell flat, dropping more than 6% in after-hours trading. That's even after the graphics-chip specialist beat earnings estimates.But thatâsnotthe case on May 26. The shares opened 5.5% lower and then moved into positive territory, up more than 5% on the day.The Santa Clara, Calif., company delivered a top- and bottom-line beat â including record revenue â but a muted outlook had weighed on the stock price.So why the rebound? Wall Street impatiently reacted to the headline numbers, failing to account for why guidance was great but a bit short of expectations.Itâs due to the war in Eastern Europe and the covid lockdowns in China. Without those factors, the company easily clears expectations.Investors also seemingly failed to account for the fact that Nvidia stock was down more than 50%. That should have investors thinking about buying the recent quarter, not selling it.Trading Nvidia StockWeekly chart of Nvidia stock.As you can see on the weekly chart above, Nvidia stock continues to find support in the mid- to high-$150s. After opening near $160 today, it has been rallying.Next up is last weekâs high, at $183.71. If Nvidia can clear this level, it opens the door up to the vital $195 area. There the stock will find the 21-month and 10-week moving averages. It will also find the 50% retracement as measured from the all-time high down to the March 2020 covid low.Just like the $155 area, the $195 area will be key for Nvidia stock.If it cannot push through $200, we must keep an eye on where support comes into play. Ideally, we will see a higher low form, giving bulls some momentum on their side and some structure to work with.If thatâs not the case, weâll need to see how Nvidia stock handles the $155 to $160 region and if it can again act as support.On the upside, a push through $195 opens the door to $200-plus. Specifically, it will put the $208 to $212 zone on the table, which was a notable support/resistance zone over the past several quarters.Should Nvidia stock push through it, we could see a rally up to the $225 to $235 area where it finds the 21-week and 50-week moving averages.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813499468,"gmtCreate":1630224753154,"gmtModify":1676530247044,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like please! ","listText":"Like please! ","text":"Like please!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/813499468","repostId":"1129129956","repostType":4,"repost":{"id":"1129129956","kind":"news","pubTimestamp":1630201285,"share":"https://ttm.financial/m/news/1129129956?lang=en_US&edition=fundamental","pubTime":"2021-08-29 09:41","market":"us","language":"en","title":"This Unloved Tech Stock Could Make You Rich One Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1129129956","media":"Motley Fool","summary":"The iBuying business is a race to grow larger, and Opendoor is winning.The company is growing at a rate that is two years ahead of what management projected just a year earlier.The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.Real estate iBuying company Opendoor Technologieshas been executing at a high level in the three quarters since coming public via a special purpose acquisition company merger. In a race to disrupt residential ","content":"<p>Key Points</p>\n<ul>\n <li>The iBuying business is a race to grow larger, and Opendoor is winning.</li>\n <li>The company is growing at a rate that is two years ahead of what management projected just a year earlier.</li>\n <li>The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.</li>\n</ul>\n<p></p>\n<p>Real estate iBuying company <b>Opendoor Technologies</b>(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.</p>\n<p>Despite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.</p>\n<h3>1. Opendoor is winning the iBuying battle</h3>\n<p>The traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.</p>\n<p>Opendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.</p>\n<p>After seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including <b>Zillow Group</b> and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.</p>\n<p>According to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.</p>\n<h3>2. Revenue growth is ahead of schedule</h3>\n<p>When companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.</p>\n<p>Fast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"</p>\n<p>In other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.</p>\n<h3>3. SPACs are out of favor with the market... opportunity?</h3>\n<p>Investors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.</p>\n<p>Investors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.</p>\n<p>But if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.</p>\n<p>Competitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.</p>\n<h3>Here's the bottom line</h3>\n<p>Real estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"<b>Amazon</b>\" of home buying, but what seems certain is that the company is poised to be a big player in real estate's future if it keeps performing like this.</p>\n<p></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>This Unloved Tech Stock Could Make You Rich One Day</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\">\nThis Unloved Tech Stock Could Make You Rich One Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-29 09:41 GMT+8 <a href=https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nThe iBuying business is a race to grow larger, and Opendoor is winning.\nThe company is growing at a rate that is two years ahead of what management projected just a year earlier.\nThe ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OPEN":"Opendoor Technologies Inc"},"source_url":"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129129956","content_text":"Key Points\n\nThe iBuying business is a race to grow larger, and Opendoor is winning.\nThe company is growing at a rate that is two years ahead of what management projected just a year earlier.\nThe market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.\n\n\nReal estate iBuying company Opendoor Technologies(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.\nDespite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.\n1. Opendoor is winning the iBuying battle\nThe traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.\nOpendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.\nAfter seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including Zillow Group and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.\nAccording to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.\n2. Revenue growth is ahead of schedule\nWhen companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.\nFast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"\nIn other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.\n3. SPACs are out of favor with the market... opportunity?\nInvestors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.\nInvestors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.\nBut if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.\nCompetitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.\nHere's the bottom line\nReal estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"Amazon\" of home buying, but what seems certain is that the company is poised to be a big player in real estate's future if it keeps performing like this.","news_type":1,"symbols_score_info":{"OPEN":0.9}},"isVote":1,"tweetType":1,"viewCount":463,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582927789816025","authorId":"3582927789816025","name":"SKLow","avatar":"https://static.tigerbbs.com/b3aeaabd2ee1ec9afcdda5a4aab1994c","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3582927789816025","idStr":"3582927789816025"},"content":"like back pls,tq","text":"like back pls,tq","html":"like back pls,tq"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114018075,"gmtCreate":1623035279097,"gmtModify":1704194740022,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like and comment please.","listText":"Like and comment please.","text":"Like and comment please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/114018075","repostId":"2141926289","repostType":4,"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108800023,"gmtCreate":1620007868262,"gmtModify":1704337273855,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like and comment for me. Thanks. ","listText":"Like and comment for me. Thanks. ","text":"Like and comment for me. Thanks.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/108800023","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","kind":"news","pubTimestamp":1619999342,"share":"https://ttm.financial/m/news/1135819410?lang=en_US&edition=fundamental","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"Itâs another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>Itâs another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. EstĂ©e Lauder is among Mondayâs highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p>On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.</p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p>On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%âdown from 6% a month earlier.</p><p>Other data out this week include the Institute for Supply Managementâs Manufacturing Purchasing Managersâ Index for April on Monday and its Services equivalent on Wednesday.</p><p>Enterprise Products Partners and EstĂ©e Lauder release earnings.</p><p>Merck and Public Storage hold virtual investor days.</p><p><b>The Census Bureau</b> reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><b>The Institute for Supply</b> Management releases its Manufacturing Purchasing Managersâ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><b>Tuesday 5/4</b></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p>Eli Lilly holds a conference call to discuss its sustainability initiatives.</p><p>Union Pacific holds its 2021 virtual investor day.</p><p><b>Wednesday 5/5</b></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><b>ADP releases</b> its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><b>ISM releases</b> its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><b>Thursday 5/6</b></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.</p><p><b>The Department of Labor</b> reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><b>The Bureau of Labor</b> Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><b>Friday 5/7</b></p><p><b>The Bureau of Labor</b> Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p>Cigna and <b>Liberty Media</b> report earnings.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week</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\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 07:49 GMT+8 <a href=https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Itâs another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. EstĂ©e Lauder is among Mondayâs highlights, before things pick up on Tuesday: ...</p>\n\n<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"éçŒæŻ","PYPL":"PayPal",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","PFE":"èŸç","TMUS":"T-Mobile US Inc","GM":"éçšæ±œèœŠ","UBER":"äŒæ„"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"Itâs another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. EstĂ©e Lauder is among Mondayâs highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%âdown from 6% a month earlier.Other data out this week include the Institute for Supply Managementâs Manufacturing Purchasing Managersâ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and EstĂ©e Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managersâ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1,"symbols_score_info":{"TMUS":0.9,"PFE":0.9,".SPX":0.9,"VIACP":0.9,".DJI":0.9,"PYPL":0.9,"GM":0.9,".IXIC":0.9,"UBER":0.9}},"isVote":1,"tweetType":1,"viewCount":980,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574397806525082","authorId":"3574397806525082","name":"Joyus","avatar":"https://static.tigerbbs.com/be788755f764f5e5e5cb1d49eec190f0","crmLevel":8,"crmLevelSwitch":1,"authorIdStr":"3574397806525082","idStr":"3574397806525082"},"content":"Done pls reply back","text":"Done pls reply back","html":"Done pls reply back"},{"author":{"id":"3569580504698649","authorId":"3569580504698649","name":"lawgbk","avatar":"https://static.tigerbbs.com/aed8dcf3ce6c592dffc1e60aa40d85bc","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3569580504698649","idStr":"3569580504698649"},"content":"pls response to this comment. thanks","text":"pls response to this comment. thanks","html":"pls response to this comment. thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181882122,"gmtCreate":1623384840766,"gmtModify":1704202207859,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like and comment pls. ","listText":"Like and comment pls. ","text":"Like and comment pls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/181882122","repostId":"1184070773","repostType":4,"isVote":1,"tweetType":1,"viewCount":813,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324860835,"gmtCreate":1615983347127,"gmtModify":1704789282408,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like and comment please. ","listText":"Like and comment please. ","text":"Like and comment please.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/324860835","repostId":"1126425440","repostType":4,"repost":{"id":"1126425440","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615982282,"share":"https://ttm.financial/m/news/1126425440?lang=en_US&edition=fundamental","pubTime":"2021-03-17 19:58","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1126425440","media":"Tiger Newspress","summary":"Stock futures traded mixed Wednesday morning as investors awaited a key monetary policy decision and","content":"<ul><li>Stock futures traded mixed Wednesday morning as investors awaited a key monetary policy decision and updated economic outlook from the Federal Reserve.</li><li>10-year Treasury yield hits fresh 13-month high of 1.65% ahead of Fed decision.</li><li>Lands' End, CrowdStrike, Plug Power & more making the biggest moves in the premarket.</li></ul><p>(March 17) Stock futures traded mixed Wednesday morning as investors awaited a key monetary policy decision and updated economic outlook from the Federal Reserve. Treasury yields climbed, and the yield on the benchmark 10-year Treasury note jumped to more than 1.65%.</p><p>At 7:44 a.m. ET, Futures for the Dow Jones Industrial Average rose 3 points to 32,727.00, while the Standard & Poorâs 500 index futures fell 8.75 points at 3,943.75. Futures for the Nasdaq 100 index fell 94.25 points to 13,047.00.</p><p><img src=\"https://static.tigerbbs.com/cfcb8f919cc403b79bedeadc6efe44ae\" tg-width=\"357\" tg-height=\"152\" referrerpolicy=\"no-referrer\"></p><p>A day earlier, the S&P 500 and Dow each ended lower to retreat from record closing highs notched earlier this week. The S&P 500's loss was its first in five days. The Nasdaq ended marginally higher as technology stocks outperformed. TheCBOE Volatility Index, or VIX, fell to a pandemic-era low of 19.3</p><p>Investors are looking ahead to the Federal Reserve's March monetary policy decision Wednesday afternoon, along with Fed Chair Jerome Powell's press conference later in the day. The commentary will elucidate the central bank's assessment of the economy in recovery, and help signal to investors how soon a tweak to the current monetary policy posturing might take place. For now, the Fed has signaled it will keep monetary policy loose, with benchmark interest rates near zero and asset purchases at a clip of $120 billion per month, as the economic recovery takes place.</p><p><b>Stocks making the biggest moves in the premarket</b></p><p>1) Lands' End(LE) â The apparel retailer reported quarterly earnings of 60 cents per share, topping the 56 cents a share consensus estimate. Revenue also topped analysts' forecasts. Lands' End forecast a smaller-than-expected loss for the current quarter and full-year earnings that exceed consensus. Its shares jumped 6.7% in premarket trading.</p><p>2) Lennar(LEN) â Lennar reported quarterly earnings of $2.04 per share, beating the consensus estimate of $1.71 a share. The homebuilder's revenue beat estimates as well, helped by low interest rates and solid demand. The company said that demand remains strong despite a recent rise in rates. Lennar added 1% in the premarket.</p><p>3) Coupa Software(COUP) â Coupa earned 17 cents per share for its latest quarter, compared to expectations of an 11 cents per share loss. The provider of financial management software's revenue came in above forecasts, in spite of what the company calls a difficult macroeconomic environment. Coupa shares rose 2% in premarket trading.</p><p>4) CrowdStrike(CRWD) â CrowdStrike beat estimates by 5 cents a share, with quarterly earnings of 13 cents per share. Revenue came in above estimates as well. The security software company also issued an upbeat outlook. Its shares gained 4.9% in premarket action.</p><p>5) Uber Technologies(UBER) â Uberwill grant its U.K. drivers employment statusthat will entitle them to vacation pay and pension contributions, after the ride-hailing service lost its final appeal of a case involving driver classification. Uber shares fell 1.6% in premarket trading.</p><p>6) Plug Power(PLUG) â Plug Power shares plunged 18.6% in the premarket after it said it will restate its financial results for 2018 and 2019, as well as some recent quarterly filings. The maker of fuel cells said it detected errors in how it accounted for a variety of non-cash items, but added that it did not find any misconduct.</p><p>7) Coherent(COHR) â The laser maker saidit had received a revised takeover bidfrom optical components makerLumentum(LITE) for $6.9 billion in cash and stock. This is the eighth bid for Coherent in a takeover contest involving Lumentum,II-VI(IIVI) andMKS Instruments(MKSI). Coherent's stock jumped 3.7% in premarket trading.</p><p>8) Pinduoduo(PDD) â The China-based e-commerce company reported a 146% surge in quarterly revenue that beat analysts' estimates. Pinduoduo also overtookAlibaba(BABA) as China's largest e-commerce company, with 788.4 million active users in 2020 compared to Alibaba's 779 million. Its stock initially surged in the premarket on the news, but then fell 5.8%.</p><p>9) Baidu(BIDU) â Baidu is set to raise about $3.1 billion from the China-based internet search companyâs Hong Kong listing, according to people with direct knowledge of the matter who spoke to Reuters. Baidu had previously been expected to raise about $3 billion from the listing. Baidu shares fell 1.9% in the premarket.</p><p>10) Micron Technology(MU) â Micron plans to sell a Utah chip factory that made a type of memory chip called 3D Xpoint, which it jointly developed withIntel(INTC) in 2012. It plans to exit the 3D Xpoint market due to low demand from customers.</p><p>11) Catalent(CTLT) â Catalent plans a major expansion of Covid-19 vaccine production in Europe, according to people familiar with the matter who spoke to The Wall Street Journal. The contract drug manufacturer will double production ofJohnson & Johnsonâs(JNJ) vaccine by starting a new production line at an Italian plant during the fourth quarter.</p><p>12) FirstEnergy(FE) â First Energy confirmed that the utility had struck a deal with activist investor Carl Icahn, giving him two seats on the board and avoiding a potential proxy fight. The agreement had earlier been reported by The Wall Street Journal. FirstEnergy rose 1.4% in premarket trading.</p><p><b>Big News</b></p><p>1ăPowell needs to tamp down inflation concerns while defending policy</p><p>As bond yields rise on concerns about inflation,Powell needs to convince tradersthat easy current Fed monetary policy wonât overheat a recovering economy that just got another Covid stimulus boost. Central bankers get a new batch of housing data to consider at 8:30 a.m. ET. Economists expect February housing starts to drop 2.5% following a 6% decline in January. Building permits for February are seen falling 7% after Januaryâs 10.4% gain. The Fed concludes its two-day March meeting Wednesday afternoon, with no one expecting any change in rates from near zero or any shift in the extraordinary measures designed to support growth during the coronavirus pandemic.</p><p>2. 15% of U.S. adults fully vaccinated; Trump touts shots to supporters</p><p>New dailyCovidcases in the U.S., down about 80% from early January, continued to fall as immunity protection increases from vaccinations and high levels of prior infection. More than 15% of the U.S. adult population has been fully vaccinated,according to the Centers for Disease Control and Prevention. However, while heading in the right direction, health officials say those vaccination numbers need to go much higher to stomp out the disease, which killed an average of 1,285 people in America over the past seven days, according to Johns Hopkins University data.</p><p>Former PresidentDonald Trumpurged people to be vaccinated against the coronavirus,saying he would recommend itto âa lot of people that donât want to get it, and a lot of those people voted for me.â However, in a Fox News interview Tuesday night, Trump acknowledged that people were free to decide for themselves whether to get shots.</p><p>3ă White House sets low bar for Thursdayâs U.S.-China meeting</p><p>The White Houseis setting low expectationsahead of Secretary of State Antony Blinken and national security advisor Jake Sullivanâs first face-to-face meeting with their Chinese counterparts in Anchorage, Alaska, on Thursday. According to a senior Biden administration official, the two sides wonât deliver a joint statement and no major announcements are expected.</p><p>Reflecting Washingtonâs concern about the erosion of Hong Kongâs rights, the U.S.sanctioned an additional 24 Chinese and Hong Kong officialsover Beijingâs ongoing crackdown on political freedoms in the semi-autonomous city. China said the new sanctions expose Americaâs âsinister intention to interfere in Chinaâs internal affairs, disrupt Hong Kong and obstruct Chinaâs stability and development.â</p><p>4. Uber grants UK drivers worker status after losing labor battle</p><p>Uberwill reclassify all U.K.-based drivers as workers, in the wake of losing a major labor battle there earlier this year.Under the new designation, more than 70,000 drivers in the U.K. will get some benefits, including a minimum wage, holiday time and pension contributions. However, they wonât receive full employee benefits. In a SEC filing, Uber said its U.K. ride-hailing business accounted for 6.4% of all mobility gross bookings in the fourth quarter of 2020. Shares of Uber fell 1.5% in U.S. premarket trading.</p><p><b>These are the main moves in markets:</b></p><p>Currencies</p><p>The Bloomberg Dollar Spot Index jumped 0.2%.The euro dipped 0.1% to $1.1896.The British pound gained 0.1% to $1.39.The onshore yuan was little changed at 6.505 per dollar.The Japanese yen weakened 0.2% to 109.20 per dollar.</p><p>Bonds</p><p>The yield on 10-year Treasuries advanced four basis points to 1.66%.The yield on two-year Treasuries increased one basis point to 0.16%.Germanyâs 10-year yield gained two basis points to -0.32%.Britainâs 10-year yield jumped five basis points to 0.835%.Japanâs 10-year yield decreased less than one basis point to 0.1%.</p><p>Commodities</p><p>West Texas Intermediate crude dipped 0.9% to $64.23 a barrel.Brent crude fell 1.1% to $67.65 a barrel.Gold weakened 0.2% to $1,728.29 an ounce.</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>Toplines Before US Market Open on Wednesday</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\">\nToplines Before US Market Open on Wednesday\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\">2021-03-17 19:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Stock futures traded mixed Wednesday morning as investors awaited a key monetary policy decision and updated economic outlook from the Federal Reserve.</li><li>10-year Treasury yield hits fresh 13-month high of 1.65% ahead of Fed decision.</li><li>Lands' End, CrowdStrike, Plug Power & more making the biggest moves in the premarket.</li></ul><p>(March 17) Stock futures traded mixed Wednesday morning as investors awaited a key monetary policy decision and updated economic outlook from the Federal Reserve. Treasury yields climbed, and the yield on the benchmark 10-year Treasury note jumped to more than 1.65%.</p><p>At 7:44 a.m. ET, Futures for the Dow Jones Industrial Average rose 3 points to 32,727.00, while the Standard & Poorâs 500 index futures fell 8.75 points at 3,943.75. Futures for the Nasdaq 100 index fell 94.25 points to 13,047.00.</p><p><img src=\"https://static.tigerbbs.com/cfcb8f919cc403b79bedeadc6efe44ae\" tg-width=\"357\" tg-height=\"152\" referrerpolicy=\"no-referrer\"></p><p>A day earlier, the S&P 500 and Dow each ended lower to retreat from record closing highs notched earlier this week. The S&P 500's loss was its first in five days. The Nasdaq ended marginally higher as technology stocks outperformed. TheCBOE Volatility Index, or VIX, fell to a pandemic-era low of 19.3</p><p>Investors are looking ahead to the Federal Reserve's March monetary policy decision Wednesday afternoon, along with Fed Chair Jerome Powell's press conference later in the day. The commentary will elucidate the central bank's assessment of the economy in recovery, and help signal to investors how soon a tweak to the current monetary policy posturing might take place. For now, the Fed has signaled it will keep monetary policy loose, with benchmark interest rates near zero and asset purchases at a clip of $120 billion per month, as the economic recovery takes place.</p><p><b>Stocks making the biggest moves in the premarket</b></p><p>1) Lands' End(LE) â The apparel retailer reported quarterly earnings of 60 cents per share, topping the 56 cents a share consensus estimate. Revenue also topped analysts' forecasts. Lands' End forecast a smaller-than-expected loss for the current quarter and full-year earnings that exceed consensus. Its shares jumped 6.7% in premarket trading.</p><p>2) Lennar(LEN) â Lennar reported quarterly earnings of $2.04 per share, beating the consensus estimate of $1.71 a share. The homebuilder's revenue beat estimates as well, helped by low interest rates and solid demand. The company said that demand remains strong despite a recent rise in rates. Lennar added 1% in the premarket.</p><p>3) Coupa Software(COUP) â Coupa earned 17 cents per share for its latest quarter, compared to expectations of an 11 cents per share loss. The provider of financial management software's revenue came in above forecasts, in spite of what the company calls a difficult macroeconomic environment. Coupa shares rose 2% in premarket trading.</p><p>4) CrowdStrike(CRWD) â CrowdStrike beat estimates by 5 cents a share, with quarterly earnings of 13 cents per share. Revenue came in above estimates as well. The security software company also issued an upbeat outlook. Its shares gained 4.9% in premarket action.</p><p>5) Uber Technologies(UBER) â Uberwill grant its U.K. drivers employment statusthat will entitle them to vacation pay and pension contributions, after the ride-hailing service lost its final appeal of a case involving driver classification. Uber shares fell 1.6% in premarket trading.</p><p>6) Plug Power(PLUG) â Plug Power shares plunged 18.6% in the premarket after it said it will restate its financial results for 2018 and 2019, as well as some recent quarterly filings. The maker of fuel cells said it detected errors in how it accounted for a variety of non-cash items, but added that it did not find any misconduct.</p><p>7) Coherent(COHR) â The laser maker saidit had received a revised takeover bidfrom optical components makerLumentum(LITE) for $6.9 billion in cash and stock. This is the eighth bid for Coherent in a takeover contest involving Lumentum,II-VI(IIVI) andMKS Instruments(MKSI). Coherent's stock jumped 3.7% in premarket trading.</p><p>8) Pinduoduo(PDD) â The China-based e-commerce company reported a 146% surge in quarterly revenue that beat analysts' estimates. Pinduoduo also overtookAlibaba(BABA) as China's largest e-commerce company, with 788.4 million active users in 2020 compared to Alibaba's 779 million. Its stock initially surged in the premarket on the news, but then fell 5.8%.</p><p>9) Baidu(BIDU) â Baidu is set to raise about $3.1 billion from the China-based internet search companyâs Hong Kong listing, according to people with direct knowledge of the matter who spoke to Reuters. Baidu had previously been expected to raise about $3 billion from the listing. Baidu shares fell 1.9% in the premarket.</p><p>10) Micron Technology(MU) â Micron plans to sell a Utah chip factory that made a type of memory chip called 3D Xpoint, which it jointly developed withIntel(INTC) in 2012. It plans to exit the 3D Xpoint market due to low demand from customers.</p><p>11) Catalent(CTLT) â Catalent plans a major expansion of Covid-19 vaccine production in Europe, according to people familiar with the matter who spoke to The Wall Street Journal. The contract drug manufacturer will double production ofJohnson & Johnsonâs(JNJ) vaccine by starting a new production line at an Italian plant during the fourth quarter.</p><p>12) FirstEnergy(FE) â First Energy confirmed that the utility had struck a deal with activist investor Carl Icahn, giving him two seats on the board and avoiding a potential proxy fight. The agreement had earlier been reported by The Wall Street Journal. FirstEnergy rose 1.4% in premarket trading.</p><p><b>Big News</b></p><p>1ăPowell needs to tamp down inflation concerns while defending policy</p><p>As bond yields rise on concerns about inflation,Powell needs to convince tradersthat easy current Fed monetary policy wonât overheat a recovering economy that just got another Covid stimulus boost. Central bankers get a new batch of housing data to consider at 8:30 a.m. ET. Economists expect February housing starts to drop 2.5% following a 6% decline in January. Building permits for February are seen falling 7% after Januaryâs 10.4% gain. The Fed concludes its two-day March meeting Wednesday afternoon, with no one expecting any change in rates from near zero or any shift in the extraordinary measures designed to support growth during the coronavirus pandemic.</p><p>2. 15% of U.S. adults fully vaccinated; Trump touts shots to supporters</p><p>New dailyCovidcases in the U.S., down about 80% from early January, continued to fall as immunity protection increases from vaccinations and high levels of prior infection. More than 15% of the U.S. adult population has been fully vaccinated,according to the Centers for Disease Control and Prevention. However, while heading in the right direction, health officials say those vaccination numbers need to go much higher to stomp out the disease, which killed an average of 1,285 people in America over the past seven days, according to Johns Hopkins University data.</p><p>Former PresidentDonald Trumpurged people to be vaccinated against the coronavirus,saying he would recommend itto âa lot of people that donât want to get it, and a lot of those people voted for me.â However, in a Fox News interview Tuesday night, Trump acknowledged that people were free to decide for themselves whether to get shots.</p><p>3ă White House sets low bar for Thursdayâs U.S.-China meeting</p><p>The White Houseis setting low expectationsahead of Secretary of State Antony Blinken and national security advisor Jake Sullivanâs first face-to-face meeting with their Chinese counterparts in Anchorage, Alaska, on Thursday. According to a senior Biden administration official, the two sides wonât deliver a joint statement and no major announcements are expected.</p><p>Reflecting Washingtonâs concern about the erosion of Hong Kongâs rights, the U.S.sanctioned an additional 24 Chinese and Hong Kong officialsover Beijingâs ongoing crackdown on political freedoms in the semi-autonomous city. China said the new sanctions expose Americaâs âsinister intention to interfere in Chinaâs internal affairs, disrupt Hong Kong and obstruct Chinaâs stability and development.â</p><p>4. Uber grants UK drivers worker status after losing labor battle</p><p>Uberwill reclassify all U.K.-based drivers as workers, in the wake of losing a major labor battle there earlier this year.Under the new designation, more than 70,000 drivers in the U.K. will get some benefits, including a minimum wage, holiday time and pension contributions. However, they wonât receive full employee benefits. In a SEC filing, Uber said its U.K. ride-hailing business accounted for 6.4% of all mobility gross bookings in the fourth quarter of 2020. Shares of Uber fell 1.5% in U.S. premarket trading.</p><p><b>These are the main moves in markets:</b></p><p>Currencies</p><p>The Bloomberg Dollar Spot Index jumped 0.2%.The euro dipped 0.1% to $1.1896.The British pound gained 0.1% to $1.39.The onshore yuan was little changed at 6.505 per dollar.The Japanese yen weakened 0.2% to 109.20 per dollar.</p><p>Bonds</p><p>The yield on 10-year Treasuries advanced four basis points to 1.66%.The yield on two-year Treasuries increased one basis point to 0.16%.Germanyâs 10-year yield gained two basis points to -0.32%.Britainâs 10-year yield jumped five basis points to 0.835%.Japanâs 10-year yield decreased less than one basis point to 0.1%.</p><p>Commodities</p><p>West Texas Intermediate crude dipped 0.9% to $64.23 a barrel.Brent crude fell 1.1% to $67.65 a barrel.Gold weakened 0.2% to $1,728.29 an ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"æ æź500ETF",".DJI":"éçŒæŻ"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126425440","content_text":"Stock futures traded mixed Wednesday morning as investors awaited a key monetary policy decision and updated economic outlook from the Federal Reserve.10-year Treasury yield hits fresh 13-month high of 1.65% ahead of Fed decision.Lands' End, CrowdStrike, Plug Power & more making the biggest moves in the premarket.(March 17) Stock futures traded mixed Wednesday morning as investors awaited a key monetary policy decision and updated economic outlook from the Federal Reserve. Treasury yields climbed, and the yield on the benchmark 10-year Treasury note jumped to more than 1.65%.At 7:44 a.m. ET, Futures for the Dow Jones Industrial Average rose 3 points to 32,727.00, while the Standard & Poorâs 500 index futures fell 8.75 points at 3,943.75. Futures for the Nasdaq 100 index fell 94.25 points to 13,047.00.A day earlier, the S&P 500 and Dow each ended lower to retreat from record closing highs notched earlier this week. The S&P 500's loss was its first in five days. The Nasdaq ended marginally higher as technology stocks outperformed. TheCBOE Volatility Index, or VIX, fell to a pandemic-era low of 19.3Investors are looking ahead to the Federal Reserve's March monetary policy decision Wednesday afternoon, along with Fed Chair Jerome Powell's press conference later in the day. The commentary will elucidate the central bank's assessment of the economy in recovery, and help signal to investors how soon a tweak to the current monetary policy posturing might take place. For now, the Fed has signaled it will keep monetary policy loose, with benchmark interest rates near zero and asset purchases at a clip of $120 billion per month, as the economic recovery takes place.Stocks making the biggest moves in the premarket1) Lands' End(LE) â The apparel retailer reported quarterly earnings of 60 cents per share, topping the 56 cents a share consensus estimate. Revenue also topped analysts' forecasts. Lands' End forecast a smaller-than-expected loss for the current quarter and full-year earnings that exceed consensus. Its shares jumped 6.7% in premarket trading.2) Lennar(LEN) â Lennar reported quarterly earnings of $2.04 per share, beating the consensus estimate of $1.71 a share. The homebuilder's revenue beat estimates as well, helped by low interest rates and solid demand. The company said that demand remains strong despite a recent rise in rates. Lennar added 1% in the premarket.3) Coupa Software(COUP) â Coupa earned 17 cents per share for its latest quarter, compared to expectations of an 11 cents per share loss. The provider of financial management software's revenue came in above forecasts, in spite of what the company calls a difficult macroeconomic environment. Coupa shares rose 2% in premarket trading.4) CrowdStrike(CRWD) â CrowdStrike beat estimates by 5 cents a share, with quarterly earnings of 13 cents per share. Revenue came in above estimates as well. The security software company also issued an upbeat outlook. Its shares gained 4.9% in premarket action.5) Uber Technologies(UBER) â Uberwill grant its U.K. drivers employment statusthat will entitle them to vacation pay and pension contributions, after the ride-hailing service lost its final appeal of a case involving driver classification. Uber shares fell 1.6% in premarket trading.6) Plug Power(PLUG) â Plug Power shares plunged 18.6% in the premarket after it said it will restate its financial results for 2018 and 2019, as well as some recent quarterly filings. The maker of fuel cells said it detected errors in how it accounted for a variety of non-cash items, but added that it did not find any misconduct.7) Coherent(COHR) â The laser maker saidit had received a revised takeover bidfrom optical components makerLumentum(LITE) for $6.9 billion in cash and stock. This is the eighth bid for Coherent in a takeover contest involving Lumentum,II-VI(IIVI) andMKS Instruments(MKSI). Coherent's stock jumped 3.7% in premarket trading.8) Pinduoduo(PDD) â The China-based e-commerce company reported a 146% surge in quarterly revenue that beat analysts' estimates. Pinduoduo also overtookAlibaba(BABA) as China's largest e-commerce company, with 788.4 million active users in 2020 compared to Alibaba's 779 million. Its stock initially surged in the premarket on the news, but then fell 5.8%.9) Baidu(BIDU) â Baidu is set to raise about $3.1 billion from the China-based internet search companyâs Hong Kong listing, according to people with direct knowledge of the matter who spoke to Reuters. Baidu had previously been expected to raise about $3 billion from the listing. Baidu shares fell 1.9% in the premarket.10) Micron Technology(MU) â Micron plans to sell a Utah chip factory that made a type of memory chip called 3D Xpoint, which it jointly developed withIntel(INTC) in 2012. It plans to exit the 3D Xpoint market due to low demand from customers.11) Catalent(CTLT) â Catalent plans a major expansion of Covid-19 vaccine production in Europe, according to people familiar with the matter who spoke to The Wall Street Journal. The contract drug manufacturer will double production ofJohnson & Johnsonâs(JNJ) vaccine by starting a new production line at an Italian plant during the fourth quarter.12) FirstEnergy(FE) â First Energy confirmed that the utility had struck a deal with activist investor Carl Icahn, giving him two seats on the board and avoiding a potential proxy fight. The agreement had earlier been reported by The Wall Street Journal. FirstEnergy rose 1.4% in premarket trading.Big News1ăPowell needs to tamp down inflation concerns while defending policyAs bond yields rise on concerns about inflation,Powell needs to convince tradersthat easy current Fed monetary policy wonât overheat a recovering economy that just got another Covid stimulus boost. Central bankers get a new batch of housing data to consider at 8:30 a.m. ET. Economists expect February housing starts to drop 2.5% following a 6% decline in January. Building permits for February are seen falling 7% after Januaryâs 10.4% gain. The Fed concludes its two-day March meeting Wednesday afternoon, with no one expecting any change in rates from near zero or any shift in the extraordinary measures designed to support growth during the coronavirus pandemic.2. 15% of U.S. adults fully vaccinated; Trump touts shots to supportersNew dailyCovidcases in the U.S., down about 80% from early January, continued to fall as immunity protection increases from vaccinations and high levels of prior infection. More than 15% of the U.S. adult population has been fully vaccinated,according to the Centers for Disease Control and Prevention. However, while heading in the right direction, health officials say those vaccination numbers need to go much higher to stomp out the disease, which killed an average of 1,285 people in America over the past seven days, according to Johns Hopkins University data.Former PresidentDonald Trumpurged people to be vaccinated against the coronavirus,saying he would recommend itto âa lot of people that donât want to get it, and a lot of those people voted for me.â However, in a Fox News interview Tuesday night, Trump acknowledged that people were free to decide for themselves whether to get shots.3ă White House sets low bar for Thursdayâs U.S.-China meetingThe White Houseis setting low expectationsahead of Secretary of State Antony Blinken and national security advisor Jake Sullivanâs first face-to-face meeting with their Chinese counterparts in Anchorage, Alaska, on Thursday. According to a senior Biden administration official, the two sides wonât deliver a joint statement and no major announcements are expected.Reflecting Washingtonâs concern about the erosion of Hong Kongâs rights, the U.S.sanctioned an additional 24 Chinese and Hong Kong officialsover Beijingâs ongoing crackdown on political freedoms in the semi-autonomous city. China said the new sanctions expose Americaâs âsinister intention to interfere in Chinaâs internal affairs, disrupt Hong Kong and obstruct Chinaâs stability and development.â4. Uber grants UK drivers worker status after losing labor battleUberwill reclassify all U.K.-based drivers as workers, in the wake of losing a major labor battle there earlier this year.Under the new designation, more than 70,000 drivers in the U.K. will get some benefits, including a minimum wage, holiday time and pension contributions. However, they wonât receive full employee benefits. In a SEC filing, Uber said its U.K. ride-hailing business accounted for 6.4% of all mobility gross bookings in the fourth quarter of 2020. Shares of Uber fell 1.5% in U.S. premarket trading.These are the main moves in markets:CurrenciesThe Bloomberg Dollar Spot Index jumped 0.2%.The euro dipped 0.1% to $1.1896.The British pound gained 0.1% to $1.39.The onshore yuan was little changed at 6.505 per dollar.The Japanese yen weakened 0.2% to 109.20 per dollar.BondsThe yield on 10-year Treasuries advanced four basis points to 1.66%.The yield on two-year Treasuries increased one basis point to 0.16%.Germanyâs 10-year yield gained two basis points to -0.32%.Britainâs 10-year yield jumped five basis points to 0.835%.Japanâs 10-year yield decreased less than one basis point to 0.1%.CommoditiesWest Texas Intermediate crude dipped 0.9% to $64.23 a barrel.Brent crude fell 1.1% to $67.65 a barrel.Gold weakened 0.2% to $1,728.29 an ounce.","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":852,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966107128,"gmtCreate":1669431288464,"gmtModify":1676538196642,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966107128","repostId":"2286839697","repostType":4,"repost":{"id":"2286839697","kind":"highlight","pubTimestamp":1669424518,"share":"https://ttm.financial/m/news/2286839697?lang=en_US&edition=fundamental","pubTime":"2022-11-26 09:01","market":"other","language":"en","title":"3 Cryptos to Buy in a Bear Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2286839697","media":"Motley Fool","summary":"The crypto winter just got a whole lot colder, but these top cryptos could be heating up.","content":"<div>\n<p>The implosion of FTX, a previously trusted exchange that had a high profile with even casual investors, thanks to its extensive marketing, gave a black eye to a space that has already taken its lumps ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/25/3-cryptos-to-buy-in-a-bear-market/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Cryptos to Buy in a Bear Market</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; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Cryptos to Buy in a Bear Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-26 09:01 GMT+8 <a href=https://www.fool.com/investing/2022/11/25/3-cryptos-to-buy-in-a-bear-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The implosion of FTX, a previously trusted exchange that had a high profile with even casual investors, thanks to its extensive marketing, gave a black eye to a space that has already taken its lumps ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/25/3-cryptos-to-buy-in-a-bear-market/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2022/11/25/3-cryptos-to-buy-in-a-bear-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2286839697","content_text":"The implosion of FTX, a previously trusted exchange that had a high profile with even casual investors, thanks to its extensive marketing, gave a black eye to a space that has already taken its lumps this year.However, while many investors have sold their cryptocurrencies during the current crypto winter, for every seller there is a buyer, and some of them are long-term investors who have conviction in the crypto's potential. Chaos can provide good buying opportunities. Here are three cryptos for risk-tolerant investors to consider buying during the current bear market.1. EthereumEthereum has rallied 26% since its June low, but has sold off following the FTX bankruptcy filing. However, this could be a case of the baby being thrown out with the bathwater as Ethereum is a decentralized, established cryptocurrency that has little to do with FTX. No single entity controls Ethereum, and over 70 million users worldwide help to validate transactions and secure the Ethereum network, putting it in stark contrast with cryptocurrencies like FTX Token and many of the other newer cryptocurrencies issued by exchanges and other centralized entities.This year, Ethereum users welcomed its long-awaited transition to proof-of-stake consensus, known as The Merge, which drastically reduced Ethereum's carbon footprint, paved the way for sharding (which will eventually lead to faster transactions and lower fees when implemented in the next upgrade), and opened up the ability for more Ethereum users to earn rewards for participating in the network by staking their holdings to validate transactions and secure the network.The ability to easily earn staking rewards also increases Ethereum's appeal as an investment. A user needs to stake a minimum of 32 Ether to run their own validator, but there are plenty of services that stake your Ethereum for you, allowing you to earn returns competitive with the payouts you can earn from popular dividend stocks as well as 10-year Treasury notes.The $180 billion cryptocurrency is by far the largest smart-contract platform, making it the de facto gateway for larger institutional investors that want to get involved in the world of decentralized finance (DeFi). JPMorgan Chase recently tested the waters of decentralized finance with its first ever DeFi trade. The trade was executed on the Polygon blockchain, which is a Layer 2 network on Ethereum. Major decentralized exchanges like Uniswap, dYdX, and others are built on Ethereum. As additional traditional financial heavyweights get involved in decentralized finance, Ethereum will be their first stop.With new capabilities after The Merge such as the ability to earn rewards for staking, and its position at the gateway to the world of DeFi, Ethereum looks like a top cryptocurrency to buy during the bear market.2. Bitcoin Like Ethereum, Bitcoin is a decentralized cryptocurrency that stands out in the crowd. The original crypto is also the original decentralized asset. There is no leader or central authority that controls the Bitcoin network -- meaning there's no one entity that can make a poor decision or act in a manner that destroys the value of Bitcoin. A network of miners all over the world secure the Bitcoin network by solving complex mathematical equations to validate transactions and earn more Bitcoin. Bitcoin is also transparent in that all transactions appear on its blockchain, which is publicly viewable.Bitcoin is the oldest and largest cryptocurrency, and will benefit as the gateway to cryptocurrency as more institutional investors and corporations test the waters of cryptocurrency. While the FTX saga has certainly set crypto adoption back a few steps, overall, the tide is turning toward Bitcoin and cryptocurrency as a whole.On Oct. 11, Bank of New York Mellon, the world's largest custodial bank, announced that it would offer custody for cryptocurrencies. Alphabet recently announced it would utilize Coinbase to accept payments using Bitcoin for its Google Cloud services, and Mastercard announced it would offer its services to enable traditional banks to offer cryptocurrency trading.As the world moves further toward crypto adoption, Bitcoin is best suited to lead cryptocurrency forward.3. LitecoinLitecoin is one major crypto that has been able to avoid being pulled down in the current sell-off, and the proof-of-work crypto is surprisingly up 16% over the past month. The $4 billion crypto, which started as a fork of Bitcoin in 2011, is experiencing a bit of a resurgence, with a rally of 53% since the low it hit in June.Litecoin is surging as the network's hash rate hits new all-time highs, indicating increasing interest in Litecoin and more competition to earn Litecoin by mining. Litecoin also benefited from news that it will join Bitcoin and Ethereum as digital assets that will be available on Moneygram International's payment platform. Like Bitcoin and Ethereum, Litecoin is one of the cryptocurrencies that Google Cloud will accept for payment, giving the 16th-largest crypto by market cap enhanced credibility. Perhaps a renewed interest in decentralized, proof-of-work assets plus growing adoption will continue to propel Litecoin higher.The current crypto winter has been difficult for investors, but this bear market is also an opportune time for long-term, risk-tolerant investors to accumulate more tokens at lower prices before market sentiment again turns positive.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":462,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063303118,"gmtCreate":1651398525138,"gmtModify":1676534901299,"author":{"id":"3569548778635529","authorId":"3569548778635529","name":"andrewtingg","avatar":"https://static.tigerbbs.com/7d5e307692b89ed5e1743db3eef62fe5","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569548778635529","idStr":"3569548778635529"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063303118","repostId":"1102313596","repostType":4,"repost":{"id":"1102313596","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651364553,"share":"https://ttm.financial/m/news/1102313596?lang=en_US&edition=fundamental","pubTime":"2022-05-01 08:22","market":"us","language":"en","title":"Full Recap of Berkshire Hathawayâs Annual Shareholders Meeting Saturday","url":"https://stock-news.laohu8.com/highlight/detail?id=1102313596","media":"Tiger Newspress","summary":"Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron","content":"<html><head></head><body><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathawayâs first in-person annual meeting since 2019, Buffett went so far as to say the marketâs turned into a âgambling parlor.â</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation âswindlesâ equity investors, but noted Saturday that it âswindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.â</p><p>Buffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.</p><p>Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoftâs proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader marketâs downturn.</p><p>Buffett also stressed the importance of cash as ânew forms of moneyâ like bitcoin pop up.</p><p>âThe United States government affects that this became exchangeable for lawful money in the United States,â Buffett said, displaying an image of an old $20 bill. âThatâs what money is.â</p><p>Check out full recap below for more from the two investing legends.</p><h3><b>Berkshire bought more than $51 billion of stocks during Q1âČs market rout</b></h3><p>Berkshire bought more than $51 billion worth of stocks during the first quarterâs market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.</p><p>The S&P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.</p><h3><b>Buffett says Berkshire is âbetter than the banksâ</b></h3><p>Warren Buffett has a long history of teasing investment bankers and their institutions â saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.</p><p>Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be âbetter than the banksâ at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.</p><p>âWas that a banker screaming?â Buffett joked.</p><h3><b>Buffett warns shareholders about ânew forms of moneyâ and the importance of cash</b></h3><p>Warren Buffett warned shareholders about ânew forms of moneyâ as he recalled the financial crisis of 2008 and said Berkshire Hathaway will âalways have a lot of cash on hand.â</p><p>Buffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin ârat poisonâ in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.</p><p>âThe United States government affects that this became exchangeable for lawful money in the United States,â Buffett said, displaying an image of an old $20 bill.</p><p>âThatâs what money is,â he added. âIt may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that theyâre reaching [for] new forms of money, this is the only thing that will pay bills.â</p><h3><b>Berkshire put money to work after finding âlittle excitingâ in the market</b></h3><p>In his annual chairman letter to shareholders in February, Warren Buffett said there is âlittle that excites usâ in the market. But soon after, he put Berkshireâs money to work.</p><p>Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshireâs first-quarter filing revealed the company significantly increased its bet on Chevron.</p><p>âWe found some things we prefer to owning Treasury bills,â quipped Berkshire vice chairman and Buffettâs right-hand man Charlie Munger.</p><h3><b>Buffett on his massive Occidental investment</b></h3><p>Buffett scooped up 14% of oil giant <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, worth more than $7 billion, in two weeks during March.</p><p>He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.</p><p>âThatâs not investment. Youâre not buying from [investors]. I find it just incredible. You couldnât do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,â Buffett said.</p><p>âThat enabled us, in a two-week period, to buy 14% of a business thatâs been around for decades,â Buffett said. âImagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and weâve seen a lot.â</p><p>The legendary investor said that the short-term volatility earlier this year fueled by âgambling mentalityâ allowed him to find good long-term opportunities.</p><h3><b>Executives of Berkshireâs portfolio companies discuss impact of inflation</b></h3><p>Ahead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.</p><p>One of those executives was Jim Weber, CEO of Brooks Running.</p><p>Weber said it was tough to raise prices for Brooksâ products but that he thinks some of the cost pressures could cool soon.</p><p>âWe donât have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. Itâs a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,â Weber said.</p><h3><b>Buffett wants Berkshire to be in a âposition to operateâ should the economy stop</b></h3><p>Buffett said he wants Berkshire Hathaway to be in a âposition to operateâ should the economy stop.</p><p>âWe want Berkshire Hathaway to be there and in a position to operate if the economy stops,â Buffett said. âAnd that can always happen, it can always happen.â</p><p>Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.</p><p>The billionaire investor made those remarks while also praising the Federal Reserveâs role during the 2008 financial crisis and the pandemic.</p><p>âThe Federal Reserve has not gone,â Buffett said. He added the Fed will âdo whatever is necessary. ... Thatâs what happened in 2008 and 2009, and thatâs what happened in 2020, and youâll hope it happens again next time.â</p><h3><b>Buffett says he has "so much trouble" finding businesses to invest in</b></h3><p>Warren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.</p><p>âWe have so much trouble finding good ideas that we canât afford to ignore any,â Buffett said. âBut they do have to be sizable.â</p><p>Buffett said while he does seek out new investments, he prefers to be approached proactively.</p><p>âWeâll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,â Buffett said.</p><h3><b>Munger says todayâs stock market "almost a mania of speculation"</b></h3><p>Munger said todayâs stock market has become âalmost a mania of speculation.â</p><p>His comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.</p><p>âWe have computers with algorithms trading against other computers,â Munger said. âWeâve got people who know nothing about stocks, being advised by stockbrokers who know even less.</p><p>âI understand the commission though,â Buffett joked.</p><p>After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.</p><p>âPeople and tradersâ poker chips are pulling the handle,â he said. âTheyâve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobodyâs going around selling calls on farms. Thatâs why markets do crazy things. Occasionally Berkshire gets a chance to do something. Itâs not because weâre smarter. ⊠weâre sane, and thatâs the main requirement in this business.â</p><h3><b>Munger blasts calls for separate Berkshire chairman and CEO</b></h3><p>Berkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.</p><p>âItâs the most ridiculous criticism I ever heard,â Munger said.</p><p>âItâs like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, âI donât like the way you were holding your spear when you won that battle,ââ he added, referencing ancient Greek epic âThe Odyssey.â</p><p>The California Public Employeesâ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposalâs aim stems from concerns about corporate governance with one person holding dual roles.</p><p>âSome guy thatâs never run any business, doesnât know anything â I donât think too much of this activity,â Munger said.</p><h3><b>Berkshireâs head of insurance explains how Geico has fallen behind rival Progressive</b></h3><p>Berkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerateâs insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.</p><p>âEach one have their plusses and minuses, but having said that, thereâs no question that recently Progressive has done a much better job than Geico ⊠both in terms of margins and in terms of growth,â Jain said.</p><p>âThere are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned ⊠is telematics,â he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.</p><p>âProgressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasnât involved in telematics,â Jain said. âItâs a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.â</p><p>Jainâs comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.</p><h3><b>Buffett says he has never been "good at timing"</b></h3><p>Warren Buffett said he has never figured out how to time the markets.</p><p>âWe havenât the faintest idea what the stock market was gonna do when it opens on Monday,â Buffett said in response to an audience question.</p><p>âI donât think weâve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economyâs going to do. We donât know,â he continued.</p><p>The Oracle of Omaha said he often gets misplaced credit for the stock winners heâs picked over the years, pointing out heâs also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.</p><p>Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.</p><p>âWe have not been good at timing,â Buffett said. âWeâve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.â</p><h3><b>Munger says "just say no" to putting bitcoin in your retirement account</b></h3><p>Charlie Munger is still down on bitcoin.</p><p>He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.</p><p>The Berkshire executives didnât say where they would put their money, but Munger was clear about where he wouldnât invest: bitcoin.</p><p>âWhen you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,â he said.</p><p>Mungerâs answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.</p><p>Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.</p><h3><b>Buffett describes his start to investing when he was 11 years old</b></h3><p>A trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.</p><p>âI went to the New York Stock Exchange, I was in awe of it,â Buffett said. âI got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.â</p><p>The investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his fatherâs office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Grahamâs âThe Intelligent Investor.â</p><p>âI looked at this book and I saw one paragraph and it told me Iâve been doing everything wrong. I just had the whole approach wrong,â Buffett said.</p><h3><b>Buffett wants to make it clear heâs not the only one picking stocks at Berkshire Hathaway</b></h3><p>Warren Buffett wants to make it clear that heâs not the only one at Berkshire Hathaway picking stocks.</p><p>âI see headlines in papers just time after time after time that say, âBuffettâs buying such and such,ââ Buffett said. âIâm not buying such and such. Berkshire Hathaway is buying.â</p><p>The investor said a stock pick may have been made by other finance professionals in his organization without Buffettâs ever having heard of it.</p><p>âBut the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we donât know whether it is the people that work for him, the headline is designed to bring people into the story,â Buffett said.</p><p>âThe easiest thing to do is basically shut up and not have a bunch of people facing consequences they didnât ask for in the first place,â he said.</p><h3><b>Buffett says inflation âswindles almost everybodyâ</b></h3><p>When asked about his previous comments that inflation âswindlesâ equity investors, Buffett said the damage from rising prices was much broader than that.</p><p>âInflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,â he said.</p><p>Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isnât as simple as raising prices to maintain inflation-adjusted profits.</p><p>The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.</p><p>âThe question is how much ... and the answer is nobody knows,â Buffett said.</p><p>Buffett reiterated that the best protection against the inflation is investing in your own skills.</p><h3><b>Buffett says Berkshire now owns 9.5% of Activision Blizzard</b></h3><p>Warren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoftâsproposed acquisition of the video game company will close.</p><p>In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire âhad no prior knowledgeâof Microsoftâs plan to buy the company when Berkshire made its initial investment.</p><p>In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.</p><p>Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoftâs offer. Buying at these levels will yield a bigger return if the deal closes.</p><p>Buffett said Berkshire now owns about 9.5% of Activision. âIf we went over 10%, we would file a report,â he said.</p><p>âIf the deal goes through, we make some money, and if the deal doesnât go through, who knows what happens,â Buffett said.</p><p>âWe donât know what the Justice Department will do, we donât know what the E.U. will do, we donât know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,â Buffett added.</p><h3><b>Buffett: âI look at Berkshire as a paintingâ</b></h3><p>The possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.</p><p>âI look at Berkshire as a painting,â Buffett said. âItâs unlimited in size; itâs got an ever-expanding canvas, and I get to paint what I want.â</p><p>Buffett did acknowledge that he doesnât know much about art, but added that âother people look at paintings and they see something, then theyâll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.â</p><p>âItâs in my head, and I see different things in it as I go along,â Buffett said. âItâs satisfying.â</p><h3><b>Buffett calls Jerome Powell a hero</b></h3><p>In addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.</p><p>âYou print loads of money, and money is going to be worth less,â Buffett said.</p><p>However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.</p><p>âIn my book,Jay Powellis a hero. Itâs very simple. He did what he had to do,â Buffett said.</p><h3><b>Buffett says people are becoming more tribal</b></h3><p>Warren Buffett said people are becoming more tribal.</p><p>âMy general assumption â thereâs no way to prove it â but essentially, people are now behaving somewhat more tribal than they have for a long time,â Buffett said.</p><p>âItâs fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and theyâre gonna give you those answers,â he continued.</p><p>The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings werenât served dessert until they âsaid something nastyâ about Roosevelt.</p><p>âI donât think itâs a good development for society,â Buffett said.</p><h3><b>Buffett says he wonât buy bitcoin because âit doesnât produce anythingâ</b></h3><p>Warren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.</p><p>âWhether it goes up or down in the next year, or five or 10 years, I donât know. But the one thing Iâm pretty sure of is that it doesnât produce anything,â Buffett said. âItâs got a magic to it and people have attached magics to lots of things.â</p><p>Buffett listed farmland, apartment buildings â and even art â as assets that had more tangible value than bitcoin.</p><p>âAssets, to have value, have to deliver something to somebody. And thereâs only one currency thatâs accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,â he said, holding up a $20 bill. âAnd thereâs no reason in the world why the United States government ⊠is going to let Berkshire money replace theirs.â</p><h3><b>Berkshireâs business meeting concludes with shareholder votes</b></h3><p>Berkshireâs formal business meeting followed nearly five hours of Q&A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.</p><p>The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.</p><p>Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.</p><p>One shareholder also took issue with Berkshireâs climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreementâs 1.5°C goal, requiring net zero emissions. Shareholders voted it down.</p><p>The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.</p><p></p></body></html>","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>Full Recap of Berkshire Hathawayâs Annual Shareholders Meeting Saturday</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\">\nFull Recap of Berkshire Hathawayâs Annual Shareholders Meeting Saturday\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\">2022-05-01 08:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.</p><p>Speaking at Berkshire Hathawayâs first in-person annual meeting since 2019, Buffett went so far as to say the marketâs turned into a âgambling parlor.â</p><p>The Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation âswindlesâ equity investors, but noted Saturday that it âswindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.â</p><p>Buffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.</p><p>Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoftâs proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader marketâs downturn.</p><p>Buffett also stressed the importance of cash as ânew forms of moneyâ like bitcoin pop up.</p><p>âThe United States government affects that this became exchangeable for lawful money in the United States,â Buffett said, displaying an image of an old $20 bill. âThatâs what money is.â</p><p>Check out full recap below for more from the two investing legends.</p><h3><b>Berkshire bought more than $51 billion of stocks during Q1âČs market rout</b></h3><p>Berkshire bought more than $51 billion worth of stocks during the first quarterâs market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.</p><p>The S&P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.</p><h3><b>Buffett says Berkshire is âbetter than the banksâ</b></h3><p>Warren Buffett has a long history of teasing investment bankers and their institutions â saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.</p><p>Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be âbetter than the banksâ at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.</p><p>âWas that a banker screaming?â Buffett joked.</p><h3><b>Buffett warns shareholders about ânew forms of moneyâ and the importance of cash</b></h3><p>Warren Buffett warned shareholders about ânew forms of moneyâ as he recalled the financial crisis of 2008 and said Berkshire Hathaway will âalways have a lot of cash on hand.â</p><p>Buffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin ârat poisonâ in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.</p><p>âThe United States government affects that this became exchangeable for lawful money in the United States,â Buffett said, displaying an image of an old $20 bill.</p><p>âThatâs what money is,â he added. âIt may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that theyâre reaching [for] new forms of money, this is the only thing that will pay bills.â</p><h3><b>Berkshire put money to work after finding âlittle excitingâ in the market</b></h3><p>In his annual chairman letter to shareholders in February, Warren Buffett said there is âlittle that excites usâ in the market. But soon after, he put Berkshireâs money to work.</p><p>Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshireâs first-quarter filing revealed the company significantly increased its bet on Chevron.</p><p>âWe found some things we prefer to owning Treasury bills,â quipped Berkshire vice chairman and Buffettâs right-hand man Charlie Munger.</p><h3><b>Buffett on his massive Occidental investment</b></h3><p>Buffett scooped up 14% of oil giant <a href=\"https://laohu8.com/S/OXY\">Occidental Petroleum</a>, worth more than $7 billion, in two weeks during March.</p><p>He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.</p><p>âThatâs not investment. Youâre not buying from [investors]. I find it just incredible. You couldnât do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,â Buffett said.</p><p>âThat enabled us, in a two-week period, to buy 14% of a business thatâs been around for decades,â Buffett said. âImagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and weâve seen a lot.â</p><p>The legendary investor said that the short-term volatility earlier this year fueled by âgambling mentalityâ allowed him to find good long-term opportunities.</p><h3><b>Executives of Berkshireâs portfolio companies discuss impact of inflation</b></h3><p>Ahead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.</p><p>One of those executives was Jim Weber, CEO of Brooks Running.</p><p>Weber said it was tough to raise prices for Brooksâ products but that he thinks some of the cost pressures could cool soon.</p><p>âWe donât have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. Itâs a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,â Weber said.</p><h3><b>Buffett wants Berkshire to be in a âposition to operateâ should the economy stop</b></h3><p>Buffett said he wants Berkshire Hathaway to be in a âposition to operateâ should the economy stop.</p><p>âWe want Berkshire Hathaway to be there and in a position to operate if the economy stops,â Buffett said. âAnd that can always happen, it can always happen.â</p><p>Buffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.</p><p>The billionaire investor made those remarks while also praising the Federal Reserveâs role during the 2008 financial crisis and the pandemic.</p><p>âThe Federal Reserve has not gone,â Buffett said. He added the Fed will âdo whatever is necessary. ... Thatâs what happened in 2008 and 2009, and thatâs what happened in 2020, and youâll hope it happens again next time.â</p><h3><b>Buffett says he has "so much trouble" finding businesses to invest in</b></h3><p>Warren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.</p><p>âWe have so much trouble finding good ideas that we canât afford to ignore any,â Buffett said. âBut they do have to be sizable.â</p><p>Buffett said while he does seek out new investments, he prefers to be approached proactively.</p><p>âWeâll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,â Buffett said.</p><h3><b>Munger says todayâs stock market "almost a mania of speculation"</b></h3><p>Munger said todayâs stock market has become âalmost a mania of speculation.â</p><p>His comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.</p><p>âWe have computers with algorithms trading against other computers,â Munger said. âWeâve got people who know nothing about stocks, being advised by stockbrokers who know even less.</p><p>âI understand the commission though,â Buffett joked.</p><p>After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.</p><p>âPeople and tradersâ poker chips are pulling the handle,â he said. âTheyâve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobodyâs going around selling calls on farms. Thatâs why markets do crazy things. Occasionally Berkshire gets a chance to do something. Itâs not because weâre smarter. ⊠weâre sane, and thatâs the main requirement in this business.â</p><h3><b>Munger blasts calls for separate Berkshire chairman and CEO</b></h3><p>Berkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.</p><p>âItâs the most ridiculous criticism I ever heard,â Munger said.</p><p>âItâs like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, âI donât like the way you were holding your spear when you won that battle,ââ he added, referencing ancient Greek epic âThe Odyssey.â</p><p>The California Public Employeesâ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposalâs aim stems from concerns about corporate governance with one person holding dual roles.</p><p>âSome guy thatâs never run any business, doesnât know anything â I donât think too much of this activity,â Munger said.</p><h3><b>Berkshireâs head of insurance explains how Geico has fallen behind rival Progressive</b></h3><p>Berkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerateâs insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.</p><p>âEach one have their plusses and minuses, but having said that, thereâs no question that recently Progressive has done a much better job than Geico ⊠both in terms of margins and in terms of growth,â Jain said.</p><p>âThere are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned ⊠is telematics,â he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.</p><p>âProgressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasnât involved in telematics,â Jain said. âItâs a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.â</p><p>Jainâs comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.</p><h3><b>Buffett says he has never been "good at timing"</b></h3><p>Warren Buffett said he has never figured out how to time the markets.</p><p>âWe havenât the faintest idea what the stock market was gonna do when it opens on Monday,â Buffett said in response to an audience question.</p><p>âI donât think weâve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economyâs going to do. We donât know,â he continued.</p><p>The Oracle of Omaha said he often gets misplaced credit for the stock winners heâs picked over the years, pointing out heâs also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.</p><p>Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.</p><p>âWe have not been good at timing,â Buffett said. âWeâve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.â</p><h3><b>Munger says "just say no" to putting bitcoin in your retirement account</b></h3><p>Charlie Munger is still down on bitcoin.</p><p>He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.</p><p>The Berkshire executives didnât say where they would put their money, but Munger was clear about where he wouldnât invest: bitcoin.</p><p>âWhen you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,â he said.</p><p>Mungerâs answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.</p><p>Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.</p><h3><b>Buffett describes his start to investing when he was 11 years old</b></h3><p>A trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.</p><p>âI went to the New York Stock Exchange, I was in awe of it,â Buffett said. âI got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.â</p><p>The investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his fatherâs office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Grahamâs âThe Intelligent Investor.â</p><p>âI looked at this book and I saw one paragraph and it told me Iâve been doing everything wrong. I just had the whole approach wrong,â Buffett said.</p><h3><b>Buffett wants to make it clear heâs not the only one picking stocks at Berkshire Hathaway</b></h3><p>Warren Buffett wants to make it clear that heâs not the only one at Berkshire Hathaway picking stocks.</p><p>âI see headlines in papers just time after time after time that say, âBuffettâs buying such and such,ââ Buffett said. âIâm not buying such and such. Berkshire Hathaway is buying.â</p><p>The investor said a stock pick may have been made by other finance professionals in his organization without Buffettâs ever having heard of it.</p><p>âBut the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we donât know whether it is the people that work for him, the headline is designed to bring people into the story,â Buffett said.</p><p>âThe easiest thing to do is basically shut up and not have a bunch of people facing consequences they didnât ask for in the first place,â he said.</p><h3><b>Buffett says inflation âswindles almost everybodyâ</b></h3><p>When asked about his previous comments that inflation âswindlesâ equity investors, Buffett said the damage from rising prices was much broader than that.</p><p>âInflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,â he said.</p><p>Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isnât as simple as raising prices to maintain inflation-adjusted profits.</p><p>The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.</p><p>âThe question is how much ... and the answer is nobody knows,â Buffett said.</p><p>Buffett reiterated that the best protection against the inflation is investing in your own skills.</p><h3><b>Buffett says Berkshire now owns 9.5% of Activision Blizzard</b></h3><p>Warren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoftâsproposed acquisition of the video game company will close.</p><p>In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire âhad no prior knowledgeâof Microsoftâs plan to buy the company when Berkshire made its initial investment.</p><p>In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.</p><p>Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoftâs offer. Buying at these levels will yield a bigger return if the deal closes.</p><p>Buffett said Berkshire now owns about 9.5% of Activision. âIf we went over 10%, we would file a report,â he said.</p><p>âIf the deal goes through, we make some money, and if the deal doesnât go through, who knows what happens,â Buffett said.</p><p>âWe donât know what the Justice Department will do, we donât know what the E.U. will do, we donât know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,â Buffett added.</p><h3><b>Buffett: âI look at Berkshire as a paintingâ</b></h3><p>The possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.</p><p>âI look at Berkshire as a painting,â Buffett said. âItâs unlimited in size; itâs got an ever-expanding canvas, and I get to paint what I want.â</p><p>Buffett did acknowledge that he doesnât know much about art, but added that âother people look at paintings and they see something, then theyâll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.â</p><p>âItâs in my head, and I see different things in it as I go along,â Buffett said. âItâs satisfying.â</p><h3><b>Buffett calls Jerome Powell a hero</b></h3><p>In addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.</p><p>âYou print loads of money, and money is going to be worth less,â Buffett said.</p><p>However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.</p><p>âIn my book,Jay Powellis a hero. Itâs very simple. He did what he had to do,â Buffett said.</p><h3><b>Buffett says people are becoming more tribal</b></h3><p>Warren Buffett said people are becoming more tribal.</p><p>âMy general assumption â thereâs no way to prove it â but essentially, people are now behaving somewhat more tribal than they have for a long time,â Buffett said.</p><p>âItâs fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and theyâre gonna give you those answers,â he continued.</p><p>The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings werenât served dessert until they âsaid something nastyâ about Roosevelt.</p><p>âI donât think itâs a good development for society,â Buffett said.</p><h3><b>Buffett says he wonât buy bitcoin because âit doesnât produce anythingâ</b></h3><p>Warren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.</p><p>âWhether it goes up or down in the next year, or five or 10 years, I donât know. But the one thing Iâm pretty sure of is that it doesnât produce anything,â Buffett said. âItâs got a magic to it and people have attached magics to lots of things.â</p><p>Buffett listed farmland, apartment buildings â and even art â as assets that had more tangible value than bitcoin.</p><p>âAssets, to have value, have to deliver something to somebody. And thereâs only one currency thatâs accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,â he said, holding up a $20 bill. âAnd thereâs no reason in the world why the United States government ⊠is going to let Berkshire money replace theirs.â</p><h3><b>Berkshireâs business meeting concludes with shareholder votes</b></h3><p>Berkshireâs formal business meeting followed nearly five hours of Q&A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.</p><p>The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.</p><p>Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.</p><p>One shareholder also took issue with Berkshireâs climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreementâs 1.5°C goal, requiring net zero emissions. Shareholders voted it down.</p><p>The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"äŒŻć ćžć°","BRK.B":"äŒŻć ćžć°B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102313596","content_text":"Berkshire Hathaway Chairman Warren Buffett on Saturday put fresh money behind Activision and Chevron and doled out sharp criticism against speculation in the market.Speaking at Berkshire Hathawayâs first in-person annual meeting since 2019, Buffett went so far as to say the marketâs turned into a âgambling parlor.âThe Oracle of Omaha also commented on inflation, building on prior remarks he has made. Buffett had previously said that inflation âswindlesâ equity investors, but noted Saturday that it âswindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody.âBuffett and his longtime partner, Vice Chairman Charlie Munger, fielded shareholder questions on a broad range of issues for hours.Buffett also said that Berkshire had been increasing its stake in Activision Blizzard as part of a merger arbitrage bet that Microsoftâs proposed deal to buy the video game company will close. Additionally, Berkshire revealed it had ramped up its stock bets by more than $51 billion during the first quarter amid the broader marketâs downturn.Buffett also stressed the importance of cash as ânew forms of moneyâ like bitcoin pop up.âThe United States government affects that this became exchangeable for lawful money in the United States,â Buffett said, displaying an image of an old $20 bill. âThatâs what money is.âCheck out full recap below for more from the two investing legends.Berkshire bought more than $51 billion of stocks during Q1âČs market routBerkshire bought more than $51 billion worth of stocks during the first quarterâs market turmoil, including sizable investments in Chevron, HP and Occidental. The buying at the start of the year marked a sharp reversal from 2021 that saw $7.4 billion of net sales in stocks.The S&P 500 suffered a 5% sell-off in the first quarter, posting its worst quarter since the start of the pandemic. The rout continued in April with the equity benchmark down another 8.8% amid fears of surging inflation and rising rates.Buffett says Berkshire is âbetter than the banksâWarren Buffett has a long history of teasing investment bankers and their institutions â saying that they encourage mergers and spinoffs to reap fees, rather than improve companies.Today, he noted that Berkshire Hathaway would always be cash-rich, and in times of need, would be âbetter than the banksâ at extending credit lines to companies in need. While Buffett was talking, someone was shouting from the crowd in the CHI Center. It was unclear what the audience member was said.âWas that a banker screaming?â Buffett joked.Buffett warns shareholders about ânew forms of moneyâ and the importance of cashWarren Buffett warned shareholders about ânew forms of moneyâ as he recalled the financial crisis of 2008 and said Berkshire Hathaway will âalways have a lot of cash on hand.âBuffett did not explicitly identify bitcoin or other cryptocurrencies, though he has made headlines for calling bitcoin ârat poisonâ in the past and has said it has no unique value. Charlie Munger has also spoken with hostility about it.âThe United States government affects that this became exchangeable for lawful money in the United States,â Buffett said, displaying an image of an old $20 bill.âThatâs what money is,â he added. âIt may turn out that it becomes worth dramatically less at purchasing power. It can become almost like paper money as it has in many countries. But that when people tell you that theyâre reaching [for] new forms of money, this is the only thing that will pay bills.âBerkshire put money to work after finding âlittle excitingâ in the marketIn his annual chairman letter to shareholders in February, Warren Buffett said there is âlittle that excites usâ in the market. But soon after, he put Berkshireâs money to work.Berkshire at the beginning of March revealed a big stake in oil giant Occidental Petroleum. At the beginning of April, Berkshire announced a major stake in tech hardware stock HP. Berkshireâs first-quarter filing revealed the company significantly increased its bet on Chevron.âWe found some things we prefer to owning Treasury bills,â quipped Berkshire vice chairman and Buffettâs right-hand man Charlie Munger.Buffett on his massive Occidental investmentBuffett scooped up 14% of oil giant Occidental Petroleum, worth more than $7 billion, in two weeks during March.He pointed out that the stake was even larger when accounting for the index fund providers who own a huge chunk of the company.âThatâs not investment. Youâre not buying from [investors]. I find it just incredible. You couldnât do that with Berkshire. ... Overwhelmingly, large companies in America, they became poker chips,â Buffett said.âThat enabled us, in a two-week period, to buy 14% of a business thatâs been around for decades,â Buffett said. âImagine trying to [buy] 14% of the farms in this country. 14% of the apartment houses. 14% of the auto dealerships, or just anything, when already 40% were locked up some other place. It defies anything Charlie and I have seen, and weâve seen a lot.âThe legendary investor said that the short-term volatility earlier this year fueled by âgambling mentalityâ allowed him to find good long-term opportunities.Executives of Berkshireâs portfolio companies discuss impact of inflationAhead of the shareholder meeting, the executives of several Berkshire portfolio companies told CNBC how inflation was hitting their businesses.One of those executives was Jim Weber, CEO of Brooks Running.Weber said it was tough to raise prices for Brooksâ products but that he thinks some of the cost pressures could cool soon.âWe donât have unlimited pricing power, but we have taken selective price increases where we think we can. But our whole industry is so competitive. Itâs a big market place. ... I do believe in the supply chain that costs are going to mediate a bit,â Weber said.Buffett wants Berkshire to be in a âposition to operateâ should the economy stopBuffett said he wants Berkshire Hathaway to be in a âposition to operateâ should the economy stop.âWe want Berkshire Hathaway to be there and in a position to operate if the economy stops,â Buffett said. âAnd that can always happen, it can always happen.âBuffett played a significant role during the Great Recession, providing capital during a pivotal moment to companies such as Bank of America and Goldman Sachs. The move drew criticism from those who disapproved of the support of big banks.The billionaire investor made those remarks while also praising the Federal Reserveâs role during the 2008 financial crisis and the pandemic.âThe Federal Reserve has not gone,â Buffett said. He added the Fed will âdo whatever is necessary. ... Thatâs what happened in 2008 and 2009, and thatâs what happened in 2020, and youâll hope it happens again next time.âBuffett says he has \"so much trouble\" finding businesses to invest inWarren Buffett said Berkshire Hathaway is open to investing in businesses anywhere, not just in the U.S.âWe have so much trouble finding good ideas that we canât afford to ignore any,â Buffett said. âBut they do have to be sizable.âBuffett said while he does seek out new investments, he prefers to be approached proactively.âWeâll pay any price, climb any hills to find businesses, but we actually prefer when they fall into our lap,â Buffett said.Munger says todayâs stock market \"almost a mania of speculation\"Munger said todayâs stock market has become âalmost a mania of speculation.âHis comment alluded to both high frequency algorithmic trading and access new investors have that intensified during the pandemic.âWe have computers with algorithms trading against other computers,â Munger said. âWeâve got people who know nothing about stocks, being advised by stockbrokers who know even less.âI understand the commission though,â Buffett joked.After Munger likened the activity to a casino, where people play craps and roulette, Buffett expanded on the comparison.âPeople and tradersâ poker chips are pulling the handle,â he said. âTheyâve got the system set up so that if you want to buy a three-day call on the stock you can do it and they make more money selling you calls than if you buy stock, so they teach you calls. Nobodyâs going around selling calls on farms. Thatâs why markets do crazy things. Occasionally Berkshire gets a chance to do something. Itâs not because weâre smarter. ⊠weâre sane, and thatâs the main requirement in this business.âMunger blasts calls for separate Berkshire chairman and CEOBerkshire Hathaway Vice Chairman Charlie Munger had some stern words in response to a proposal to oust CEO Warren Buffett as chairman.âItâs the most ridiculous criticism I ever heard,â Munger said.âItâs like Odysseus would come back from winning the battle of Troy and so forth and some guy would say, âI donât like the way you were holding your spear when you won that battle,ââ he added, referencing ancient Greek epic âThe Odyssey.âThe California Public Employeesâ Retirement System, or CalPERS, the biggest public pension fund in the U.S., earlier this month said it would vote in favor of a shareholder proposal to remove Buffett from his chairman role while remaining CEO. The proposalâs aim stems from concerns about corporate governance with one person holding dual roles.âSome guy thatâs never run any business, doesnât know anything â I donât think too much of this activity,â Munger said.Berkshireâs head of insurance explains how Geico has fallen behind rival ProgressiveBerkshire Hathaway Vice Chairman Ajit Jain, who runs all of the conglomerateâs insurance businesses, lamented about how Geico has fallen behind rival Progressive in the car insurance business.âEach one have their plusses and minuses, but having said that, thereâs no question that recently Progressive has done a much better job than Geico ⊠both in terms of margins and in terms of growth,â Jain said.âThere are a number of causes for that, but I think the biggest culprit is as far as Geico is concerned ⊠is telematics,â he added. Telematics refers to putting a device on a car that tracks driving patterns, in exchange for a lower insurance rate.âProgressive has been on the telematics bandwagon for more than 10 years. Geico, until recently, wasnât involved in telematics,â Jain said. âItâs a long journey, but the journey has started, and the initial results are promising. It will take a while, but my hope is that in the next year or two, Geico will be positioned to catch up with Progressive.âJainâs comments came after Berkshire reported earlier in the day a massive earnings drop in its insurance underwriting business for the first quarter.Buffett says he has never been \"good at timing\"Warren Buffett said he has never figured out how to time the markets.âWe havenât the faintest idea what the stock market was gonna do when it opens on Monday,â Buffett said in response to an audience question.âI donât think weâve ever made a decision where either one of us has either said or been thinking we should buy or sell based on what the market is going to do, or for that matter, on what the economyâs going to do. We donât know,â he continued.The Oracle of Omaha said he often gets misplaced credit for the stock winners heâs picked over the years, pointing out heâs also missed out on some big opportunities as well. Buffett said he failed to make some big purchases in the early days of the pandemic. In a single day in March 2020, the Dow Jones Industrial Average dropped 12.9%,its worst day since 1987.Instead, Buffett adheres to a value investing strategy, or picking stocks with attractive valuations, instead of focusing on the vagaries of the stock market.âWe have not been good at timing,â Buffett said. âWeâve been reasonably good at figuring out when we were getting enough for our money. And we had no idea when we bought anything, but we always hoped it would the down for a while so we could buy more. ... I mean, that stuff, you could you could learn in fourth grade.âMunger says \"just say no\" to putting bitcoin in your retirement accountCharlie Munger is still down on bitcoin.He responded to an audience member question asking what single stock they would invest in given how high inflation has been rising.The Berkshire executives didnât say where they would put their money, but Munger was clear about where he wouldnât invest: bitcoin.âWhen you have your own retirement account, and your friendly adviser suggests you put all the money in into bitcoin, just say no,â he said.Mungerâs answer was a thinly veiled reference tobig news from Fidelity this week, which will now allow employees to putbitcoininto their employee-sponsored retirement accounts.Munger and Buffett have both long been critics of bitcoin, which has become increasingly attractive to certain investors for its potential as an inflation hedge.Buffett describes his start to investing when he was 11 years oldA trip to the New York Stock Exchange when he was 9 years old was inspiring for Warren Buffett, who is known to have started investing when he was 11 years old.âI went to the New York Stock Exchange, I was in awe of it,â Buffett said. âI got very interested in technical analysis and charted stocks and did all kinds of crazy things, did hours and hours and hours and saved money to buy other stocks and tried shorting. I just did everything.âThe investor bought a stock at 11 after spending his childhood reading books on the subject from the library and in his fatherâs office. He said his approach to investing later changed completely when he was 19 or 20 years old after reading one particular book passage in what he said must have been Benjamin Grahamâs âThe Intelligent Investor.ââI looked at this book and I saw one paragraph and it told me Iâve been doing everything wrong. I just had the whole approach wrong,â Buffett said.Buffett wants to make it clear heâs not the only one picking stocks at Berkshire HathawayWarren Buffett wants to make it clear that heâs not the only one at Berkshire Hathaway picking stocks.âI see headlines in papers just time after time after time that say, âBuffettâs buying such and such,ââ Buffett said. âIâm not buying such and such. Berkshire Hathaway is buying.âThe investor said a stock pick may have been made by other finance professionals in his organization without Buffettâs ever having heard of it.âBut the headline will attract more people if it says Buffett buying this than if it says Berkshire Hathaway, and we donât know whether it is the people that work for him, the headline is designed to bring people into the story,â Buffett said.âThe easiest thing to do is basically shut up and not have a bunch of people facing consequences they didnât ask for in the first place,â he said.Buffett says inflation âswindles almost everybodyâWhen asked about his previous comments that inflation âswindlesâ equity investors, Buffett said the damage from rising prices was much broader than that.âInflation swindles the bond investor, too. It swindles the person who keeps their cash under their mattress. It swindles almost everybody,â he said.Buffett pointed out that inflation also raises the amount of capital that companies need to have and that it isnât as simple as raising prices to maintain inflation-adjusted profits.The Berkshire Hathaway CEO cautioned against listening to people who claim to be able to predict the path of inflation.âThe question is how much ... and the answer is nobody knows,â Buffett said.Buffett reiterated that the best protection against the inflation is investing in your own skills.Buffett says Berkshire now owns 9.5% of Activision BlizzardWarren Buffett said Berkshire Hathaway has been increasing its stake inActivision Blizzardin a merger arbitrage bet thatMicrosoftâsproposed acquisition of the video game company will close.In the fourth quarter of 2021, Berkshire first purchased about $1 billion worth of Activision Blizzard stock, in a bet the company was undervalued. Buffett has saidBerkshire âhad no prior knowledgeâof Microsoftâs plan to buy the company when Berkshire made its initial investment.In January, Microsoftannounced intentions to buy Activisionfor $95 per share. Its stock closed at $75.60 per share on Friday.Buffett said he has been buying more shares of Activision since the deal was announced as the stock is trading way below Microsoftâs offer. Buying at these levels will yield a bigger return if the deal closes.Buffett said Berkshire now owns about 9.5% of Activision. âIf we went over 10%, we would file a report,â he said.âIf the deal goes through, we make some money, and if the deal doesnât go through, who knows what happens,â Buffett said.âWe donât know what the Justice Department will do, we donât know what the E.U. will do, we donât know what 30 other jurisdictions will do. One thing we do know is that Microsoft has the money,â Buffett added.Buffett: âI look at Berkshire as a paintingâThe possibilities for Berkshire Hathaway are endless in the eyes of Warren Buffett, who likened the company to a work of art.âI look at Berkshire as a painting,â Buffett said. âItâs unlimited in size; itâs got an ever-expanding canvas, and I get to paint what I want.âBuffett did acknowledge that he doesnât know much about art, but added that âother people look at paintings and they see something, then theyâll see something additional later on, and they really have a different sort of perception in relation to that. To me, Berkshire is a painting, and I get to paint.ââItâs in my head, and I see different things in it as I go along,â Buffett said. âItâs satisfying.âBuffett calls Jerome Powell a heroIn addressing a question about inflation, Buffett talked about the massive stimulus during the pandemic as a key reason for the rising prices now.âYou print loads of money, and money is going to be worth less,â Buffett said.However, he did not criticize the Federal Reserve for its actions to boost money supply and stabilize markets during the health crisis.âIn my book,Jay Powellis a hero. Itâs very simple. He did what he had to do,â Buffett said.Buffett says people are becoming more tribalWarren Buffett said people are becoming more tribal.âMy general assumption â thereâs no way to prove it â but essentially, people are now behaving somewhat more tribal than they have for a long time,â Buffett said.âItâs fun to participate in, but it can get very dangerous when people say two plus two is five and the other says two plus two is three, you know, and theyâre gonna give you those answers,â he continued.The investor said the country seems as tribal as it appeared during the 1930s when public sentiment was split in the U.S. around Franklin Roosevelt. Buffett said he was raised in a household where he and his siblings werenât served dessert until they âsaid something nastyâ about Roosevelt.âI donât think itâs a good development for society,â Buffett said.Buffett says he wonât buy bitcoin because âit doesnât produce anythingâWarren Buffettreiterated his skepticism of bitcoin on Saturday, saying he would be unwilling to buy it for even extremely low prices because it produces nothing of value.âWhether it goes up or down in the next year, or five or 10 years, I donât know. But the one thing Iâm pretty sure of is that it doesnât produce anything,â Buffett said. âItâs got a magic to it and people have attached magics to lots of things.âBuffett listed farmland, apartment buildings â and even art â as assets that had more tangible value than bitcoin.âAssets, to have value, have to deliver something to somebody. And thereâs only one currency thatâs accepted. You can come up with all kinds of things. We can put up Berkshire coins, put up Berkshire money but in the end, this is money,â he said, holding up a $20 bill. âAnd thereâs no reason in the world why the United States government ⊠is going to let Berkshire money replace theirs.âBerkshireâs business meeting concludes with shareholder votesBerkshireâs formal business meeting followed nearly five hours of Q&A with Warren Buffett and Charlie Munger. Shareholders voted on a number of proposals at the meeting.The proposal that garnered most attention was from the non-profit National Legal and Policy Center. It calls for the company to strip Buffett of his chairman role. Shareholders voted down the proposal backed by CALPERS, the largest U.S. public pension fund.Brunel Pension requested the board of Berkshire to publish an annual assessment addressing how the company manages physical and transitional climate-related risks. The number of votes against the motion outnumbered the ones for it.One shareholder also took issue with Berkshireâs climate change initiative. The proposal called for Berkshire to issue a report addressing if and how it intends to measure, disclose, and reduce the GHG emissions associated in alignment with the Paris Agreementâs 1.5°C goal, requiring net zero emissions. Shareholders voted it down.The last proposal asked Berkshire to report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing quantitative data on workforce composition and recruitment, retention, and promotion rates of employees by gender, race, and ethnicity. The motion also failed.","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":625,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}