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2021-05-18

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2022-02-13

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This Disruptive Company Has Explosive Growth Potential

2022-06-03

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3 Riskier Warren Buffett Stocks That Could Beat the Dow

2022-01-15

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US STOCKS-Dow Closes Lower after Disappointing Bank Results

2021-06-09

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2021-06-05

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U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO

2021-05-14

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Wall Street closes higher in 'buy the dip' session

2021-05-12

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2022-07-19

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2022-04-18

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04:33","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=2268919880","media":"Reuters","summary":"Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attent","content":"<html><head></head><body><p>Wall Street&#39;s main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week&#39;s policy meeting at the Federal Reserve and how aggressively it will hike interest rates.</p><p>Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank are driving market sentiment as traders try to position themselves for a rising interest rate environment.</p><p>The S&amp;P 500 and the Nasdaq rebounded from logging their worst weekly percentage drop since June on Friday, as markets fully priced in at least a 75 basis point rise in rates at the end of Fed&#39;s Sept. 20-21 policy meeting, with Fed funds futures showing a 15% chance of a whopping 100 bps increase.</p><p>Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.46%.</p><p>&#34;This is all about what&#39;s going to happen on Wednesday, and what comes out of the Fed&#39;s hands on Wednesday, so I think people are just going to wait and see until then,&#34; said Josh Markman, partner at Bel Air Investment Advisors.</p><p>&#34;We had a poor print when the CPI came in, so the Fed - who is behind the 8-ball - is now trying to get ahead of the curve and curb inflation, and that (awareness) is driving equity markets.&#34;</p><p>Reflecting the caution for new bets ahead of the Fed meeting, just 9.58 million shares traded on U.S. exchanges on Monday, the sixth lightest day for trading volume this year.</p><p>Focus will also be on new economic projections, due to be published alongside the Fed&#39;s policy statement at 2 p.m. ET (1800 GMT) on Wednesday.</p><p>Worries of Fed tightening have dragged the S&amp;P 500 down 18.2% this year, with a recent dire earnings report from delivery firm FedEx Corp, an inverted U.S. Treasury yield curve and warnings from the World Bank and the IMF about an impending global economic slowdown adding to the woes.</p><p>Goldman Sachs cut its forecast for 2023 U.S. GDP late on Friday as it projects a more aggressive Fed and sees that pushing the jobless rate higher than it previously expected.</p><p>&#34;The Fed will continue to plough along, we&#39;ll get 75 (bps) on Wednesday, but what comes next and whether they are going to pause or not after Wednesday, that is going to be the interesting part,&#34; said Bel Air&#39;s Markman.</p><p>The Dow Jones Industrial Average rose 197.26 points, or 0.64%, to 31,019.68, the S&amp;P 500 gained 26.56 points, or 0.69%, to 3,899.89 and the Nasdaq Composite added 86.62 points, or 0.76%, to 11,535.02.</p><p>A majority of the 11 S&amp;P 500 sectors rose. One exception was healthcare, down 0.6% as it was weighed by a fall in shares of vaccine maker Moderna Inc a day after President Joe Biden said in a CBS interview that &#34;the pandemic is over&#34;.</p><p>Industrial stocks rebounded 1.4% after a sharp drop on Friday, while banks gained 1.9%. Tech heavyweights Apple Inc and Tesla Inc rose 2.5% and 1.9%, respectively, to provide the biggest boost to the S&amp;P 500 and the Nasdaq.</p><p><a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc closed up 0.7%, having recovered from a slump earlier in the day caused by confirmation that a hacker had leaked the early footage of Grand Theft Auto VI, the next installment of the best-selling videogame.</p><p>Meanwhile, Knowbe4 Inc jumped 28.2% to $22.17, its highest close since May 4, after the cybersecurity firm said that <a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Equity Partners had offered to take it private for $24 per share, valuing the company at $4.22 billion.</p><p>The S&amp;P 500 posted one new 52-week high and 28 new lows; the Nasdaq Composite recorded 29 new highs and 378 new lows. </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>US STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed</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\">\nUS STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-20 04:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2268919880","content_text":"Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest rates.Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank are driving market sentiment as traders try to position themselves for a rising interest rate environment.The S&P 500 and the Nasdaq rebounded from logging their worst weekly percentage drop since June on Friday, as markets fully priced in at least a 75 basis point rise in rates at the end of Fed's Sept. 20-21 policy meeting, with Fed funds futures showing a 15% chance of a whopping 100 bps increase.Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.46%.\"This is all about what's going to happen on Wednesday, and what comes out of the Fed's hands on Wednesday, so I think people are just going to wait and see until then,\" said Josh Markman, partner at Bel Air Investment Advisors.\"We had a poor print when the CPI came in, so the Fed - who is behind the 8-ball - is now trying to get ahead of the curve and curb inflation, and that (awareness) is driving equity markets.\"Reflecting the caution for new bets ahead of the Fed meeting, just 9.58 million shares traded on U.S. exchanges on Monday, the sixth lightest day for trading volume this year.Focus will also be on new economic projections, due to be published alongside the Fed's policy statement at 2 p.m. ET (1800 GMT) on Wednesday.Worries of Fed tightening have dragged the S&P 500 down 18.2% this year, with a recent dire earnings report from delivery firm FedEx Corp, an inverted U.S. Treasury yield curve and warnings from the World Bank and the IMF about an impending global economic slowdown adding to the woes.Goldman Sachs cut its forecast for 2023 U.S. GDP late on Friday as it projects a more aggressive Fed and sees that pushing the jobless rate higher than it previously expected.\"The Fed will continue to plough along, we'll get 75 (bps) on Wednesday, but what comes next and whether they are going to pause or not after Wednesday, that is going to be the interesting part,\" said Bel Air's Markman.The Dow Jones Industrial Average rose 197.26 points, or 0.64%, to 31,019.68, the S&P 500 gained 26.56 points, or 0.69%, to 3,899.89 and the Nasdaq Composite added 86.62 points, or 0.76%, to 11,535.02.A majority of the 11 S&P 500 sectors rose. One exception was healthcare, down 0.6% as it was weighed by a fall in shares of vaccine maker Moderna Inc a day after President Joe Biden said in a CBS interview that \"the pandemic is over\".Industrial stocks rebounded 1.4% after a sharp drop on Friday, while banks gained 1.9%. Tech heavyweights Apple Inc and Tesla Inc rose 2.5% and 1.9%, respectively, to provide the biggest boost to the S&P 500 and the Nasdaq.Take-Two Interactive Software Inc closed up 0.7%, having recovered from a slump earlier in the day caused by confirmation that a hacker had leaked the early footage of Grand Theft Auto VI, the next installment of the best-selling videogame.Meanwhile, Knowbe4 Inc jumped 28.2% to $22.17, its highest close since May 4, after the cybersecurity firm said that Vista Equity Partners had offered to take it private for $24 per share, valuing the company at $4.22 billion.The S&P 500 posted one new 52-week high and 28 new lows; the Nasdaq Composite recorded 29 new highs and 378 new lows.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.6,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937576284,"gmtCreate":1663473370849,"gmtModify":1676537275962,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9937576284","repostId":"1129633132","repostType":2,"repost":{"id":"1129633132","kind":"news","pubTimestamp":1663378125,"share":"https://ttm.financial/m/news/1129633132?lang=en_US&edition=fundamental","pubTime":"2022-09-17 09:28","market":"us","language":"en","title":"Nvidia: Ethereum Merge Unleashes A Tsunami Of Used Graphics Cards","url":"https://stock-news.laohu8.com/highlight/detail?id=1129633132","media":"Seeking Alpha","summary":"SummaryEthereum completes its transition to proof-of-stake, ending lucrative and energy-consuming “m","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Ethereum completes its transition to proof-of-stake, ending lucrative and energy-consuming “mining”.</li><li>Correcting the Ethereum hash rate model to account for used graphics card sales accounts for Nvidia’s fiscal Q2 results.</li><li>The impact of the Merge on Nvidia’s sales will be, at best, ugly.</li><li>How will the Merge affect Nvidia’s expected RTX 40 series launch?</li><li>Investor takeaways: Will Nvidia need to restate guidance for this quarter?</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f531f7b392a181968ec72c4a8f89f8e\" tg-width=\"1080\" tg-height=\"613\" referrerpolicy=\"no-referrer\"/><span>vzphotos/iStock Editorial via Getty Images</span></p><p>The Ethereum Foundation, which manages the Ether cryptocurrency, has announced completion of what it calls the Merge, whereby validation of new blocks of transactions no longer takes place by &#34;mining&#34;. The millions of high-end graphics cards that are used for this will no longer beneeded for the new &#34;proof-of-stake&#34; approach, so that most of these will likely find their way into the used card market. This will depress demand for new graphics cards just when Nvidia (NASDAQ:NVDA) is set to announce its next-generation GeForce 40 series.</p><p><b>Ethereum completes its transition to proof-of-stake, ending lucrative and energy consuming &#34;mining&#34;</b></p><p>The transition of Ethereum to proof-of-stake was called the Merge because it involved combining the parallel block chain that was already using proof-of-stake experimentally with the main block chain that was using traditional mining, called proof-of-work. This is shown below in this diagram from the Ethereum Foundation:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4872c823bfeb3e06182d2d3f6ab87879\" tg-width=\"640\" tg-height=\"574\" referrerpolicy=\"no-referrer\"/><span>Ethereum.org</span></p><p>Mining was really just transaction processing, in which a number of Ethereum transactions would be bundled into a block and encrypted. But the encryption process was made artificially difficult, requiring millions of high end graphics cards in the mining pool to process a block in a reasonable period of time.</p><p>In the new proof-of-stake approach, the artificial difficulty is removed, so that hardware requirements can be met by almost any computer, ending the need for graphics card processing and the attendant energy consumption. Ethereum claims this will reduce energy consumption by 99.95%.</p><p>Some miners may go to work on a &#34;hard fork&#34; of Ethereum, in effect, a secession of the currency into a new one called EthereumPOW. This currency will continue to use proof-of-work, but it&#39;s unclear whether mining this will be profitable.</p><p>Probably, the vast majority of cards will go on the used card market and be sold on venues such as eBay.</p><p><b>Correcting the Ethereum hash rate model to account for used graphics card sales</b></p><p>Following Nvidia&#39;s revised guidance for its fiscal 2023 Q2, I realized that I needed to revise my model of Ethereum-related sales of graphics cards. I had published an article detailing the model in July.</p><p>The problem with the model was that it only accounted for sales into the Ethereum mining pool when the pool was adding capacity, i.e., adding new cards to the pool. It worked fine as long as the pool was still growing.</p><p>However, starting in mid-May, the Ethereum mining pool hash rate, a measure of mining capacity, started to decline, as shown in the following chart from BitInfoCharts:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe36f2d53f47c0d7e5cdf964d09c67fa\" tg-width=\"640\" tg-height=\"408\" referrerpolicy=\"no-referrer\"/><span>BinInfoCharts</span></p><p>This implied that a substantial number of graphics cards were being removed from the pool. If I assumed that these cards were comparable to current generation Nvidia and AMD (AMD) cards, then it was reasonable to assume that every used card sold was a lost new card sale.</p><p>This turned out to account very well for Nvidia&#39;s fiscal Q2 results, if we assume that a normal quarterly revenue in Nvidia&#39;s Gaming segment is about $2.5 billion. During the Fiscal Q2 conference call, Nvidia specifically claimed that this would be their normal average Gaming segment revenue without crypto. In my spreadsheet calculations, it was easy to calculate the used card effect simply by allowing the change in mining pool cards to go negative, with a negative net revenue for the cards:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8223bcd7d3f44c30f5c60970c616fe0f\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/><span>Mark Hibben</span></p><p>Note that the revenue impact doesn&#39;t only fall on Nvidia, but the timing of Nvidia&#39;s fiscal Q2 lined up better with the fall in Ethereum mining capacity and likely release of cards into the used card market. AMD will likely feel the impact in its Q3 results.</p><p><b>The impact of the Merge on Nvidia&#39;s sales will be, at best, ugly</b></p><p>The model provides a means of anticipating what happens when the Ethereum hash rate effectively goes to zero, post Merge. And it&#39;s not pretty. In an article on August 21, I gave my subscribers a heads-up concerning the impact of the Merge, and I further revised my model results on September 11.</p><p>If we assume that the entire mining pool consists of newer graphics cards released since September 2020 (RTX 30 series for Nvidia), then Nvidia&#39;s RTX 30 series sales for Q3 are completely wiped out, as shown in the spreadsheet calculations extended to Q3:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c00465fed542c67659f55786fcdf366b\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/><span>Mark Hibben</span></p><p>The model deducts the hash rate contribution due to Nvidia Crypto Mining Processors (CMP). These cannot be sold into the used graphics cards market, since they lack display outputs.</p><p>This amounts to assuming that all of the cards used in mining before September 2020 (about when the RTX 30 series launched) were replaced with newer cards. This probably isn&#39;t absolutely correct, and the mining pool has consisted of a mixture of older and newer cards.</p><p>As a lower bound, we can assume that none of the older cards were replaced. These cards would not impact new card sales, since they aren&#39;t comparable to current generation cards. The model can deduct these cards from the calculated revenue impact by simply deducting the pre-September 2020 hash rate of 228.2361 terahash/sec (THASH) for the mining pool:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ac0a909d1edae7870adea14e3f987d28\" tg-width=\"640\" tg-height=\"351\" referrerpolicy=\"no-referrer\"/><span>Mark Hibben</span></p><p>So the lost revenue impact for Nvidia looks to be in the range of $2-3 billion, and it probably won&#39;t fall all in Q3 but be distributed over several quarters. The effect of the Merge is to effectively zero out Nvidia&#39;s crypto revenue over time. The revenue made during Ethereum&#39;s mining pool expansion is negated by lost revenue post Merge, with the exception of CMP revenue and revenue from older graphics cards that might still have been in the pool at the time of the Merge.</p><p><b>How will the Merge affect Nvidia&#39;s expected RTX 40 series launch?</b></p><p>Nvidia has been expected to announce its GeForce RTX 40 series cards for some time, and Nvidia posted this announcement on its website:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c5990337b62c49447e21da39a199e14\" tg-width=\"640\" tg-height=\"400\" referrerpolicy=\"no-referrer\"/><span>Nvidia</span></p><p>Various tech pundits are claiming that this is the worst time for Nvidia to launch a new generation of gaming graphics cards. One important feature expected of the RTX 40 series is support for PCIE 5.0. This could be important in reducing the impact of the Ethereum Merge.</p><p>The current generation of Nvidia and AMD cards only support PCIE 4.0, the prevailing standard at the time of their introduction in late 2020. PCIE 5.0 will double the communication bandwidth compared to 4.0. It&#39;s not clear how critical that will be to gaming performance, but it should eliminate PCIE as a bottleneck, if it ever was.</p><p>Just as important, new generation CPUs will have to support PCIE 5.0, since the GPU is typically linked directly to the CPU through a built in PCIE 16 lane (x16) interface. This is the preferred architecture for maximum gaming performance, and all modern CPUs provide at least 16 lanes of PCIE for this purpose.</p><p>Intel (INTC) already supports PCIE 5.0 in its latest Alder Lake 12th generation Core series of desktop CPUs. Since Alder Lake launched early this year, there have been no PCIE 5.0 graphics cards to take advantage of the interface, but the current installed base of Alder Lake systems represents a waiting market for the new PCIE 5.0 cards.</p><p>Unfortunately, I don&#39;t have an estimate of Alder Lake sales, so I have no idea what the size of that market might be. Current generation AMD Ryzen 5000 series desktop CPUs only offer PCIE 4.0, but the Ryzen 7000 series has been announced with support for PCIE 5.0, with a launch expected in October. AMD&#39;s next-generation GPUs have only been &#34;teased&#34; but are expected to support PCIE 5.0 as well.</p><p>The performance desktop market (mostly gamers) is moving rapidly to PCIE 5.0, and Nvidia will have, at least for a few months, the only graphics cards that support it. Gamers tend to be early adopters and favor the highest performance technology.</p><p>Since<i>none</i>of the used cards released from the Merge will support PCIE 5.0, this may serve to somewhat isolate the RTX 40 series launch from the impact of the Merge. How much isolation is still unclear.</p><p>Most of the current population of gaming systems will only support PCIE 4.0, so this part of the market would probably not buy RTX 40 series in any case. Most 40 series sales will go into new system builds.</p><p>Certainly, the impact of the Merge will be to weaken sales of the RTX 40 series at launch. However, overall sales in the Gaming segment will probably benefit from the launch. The 40 series launch will give the segment a revenue stream it would not have had otherwise.</p><p><b>Investor takeaways: will Nvidia need to restate guidance for this quarter?</b></p><p>Nvidia guided to revenue of $5.9 billion for fiscal Q3 during the Q2 conference call, and this implies revenue in the gaming segment of about $1 billion. Did Nvidia account for the Merge in their guidance?</p><p>When asked specifically about the impact of the Merge, Nvidia management had no comment, and professed an inability to account for the crypto impact. The guidance was claimed to be due to a retail channel inventory glut.</p><p>If Nvidia really wasn&#39;t accounting for the Merge, then almost certainly it will need to restate guidance for Q3. Probably, the RTX 40 series launch will not be enough to provide the roughly $1 billion in Gaming segment revenue.</p><p>In my Nvidia integrated financial model, I&#39;m assuming a $3 billion hit due to the Merge and another $1 billion due to inventory correction. In the model, this is distributed over the next four quarters from fiscal 2023 Q3 to fiscal 2024 Q2, with Gaming segment sales only starting to recover in fiscal 2024 Q3.</p><p>Despite this, I&#39;m still modeling growth in the all-important Data Center segment. Nvidia&#39;s next-generation data center accelerator, the Hopper H100, is testing out to be very impressive and is in production now with deliveries expected by the end of the calendar year.</p><p>Hopper should ensure continued growth in the Data Center segment, and the advent of Grace, Nvidia&#39;s ARM architecture CPU for the data center, should further enhance growth. Data Center growth largely compensates for revenue declines expected in Gaming for this year and next, according to the model:</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8026f845d3af92219bdc2bb1bc67be19\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\"/><span>Mark Hibben</span></p><p>According to my long-term Discounted Cash Flow model, Nvidia has a fair value of $192. I consider Nvidia&#39;s future to be very bright, despite the impact of crypto in the near term.</p><p>Currently, I have Nvidia rated at Hold, and Nvidia has been a relatively small part of the Rethink Technology portfolio since selling most of my Nvidia shares (at a substantial profit) in April. I&#39;m pretty close to upgrading Nvidia to Buy, but I&#39;m waiting to see if the Merge (and possible guidance restatement) will drive Nvidia&#39;s price even lower.</p><p>Also, I&#39;m waiting to see what Nvidia has to offer in its new 40 series on September 20. Nvidia has consistently set the performance bar in the desktop graphics card market. Most likely, Nvidia is already undervalued.</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: Ethereum Merge Unleashes A Tsunami Of Used Graphics Cards</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNvidia: Ethereum Merge Unleashes A Tsunami Of Used Graphics Cards\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-17 09:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4541459-nvidia-ethereum-merge-unleashes-tsunami-of-used-graphics-cards?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3AAnalysis%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryEthereum completes its transition to proof-of-stake, ending lucrative and energy-consuming “mining”.Correcting the Ethereum hash rate model to account for used graphics card sales accounts for ...</p>\n\n<a href=\"https://seekingalpha.com/article/4541459-nvidia-ethereum-merge-unleashes-tsunami-of-used-graphics-cards?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3AAnalysis%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4541459-nvidia-ethereum-merge-unleashes-tsunami-of-used-graphics-cards?source=content_type%3Areact%7Csection%3AAll%7Csection_asset%3AAnalysis%7Cfirst_level_url%3Asymbol%7Cbutton%3ATitle%7Clock_status%3ANo%7Cline%3A1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129633132","content_text":"SummaryEthereum completes its transition to proof-of-stake, ending lucrative and energy-consuming “mining”.Correcting the Ethereum hash rate model to account for used graphics card sales accounts for Nvidia’s fiscal Q2 results.The impact of the Merge on Nvidia’s sales will be, at best, ugly.How will the Merge affect Nvidia’s expected RTX 40 series launch?Investor takeaways: Will Nvidia need to restate guidance for this quarter?vzphotos/iStock Editorial via Getty ImagesThe Ethereum Foundation, which manages the Ether cryptocurrency, has announced completion of what it calls the Merge, whereby validation of new blocks of transactions no longer takes place by \"mining\". The millions of high-end graphics cards that are used for this will no longer beneeded for the new \"proof-of-stake\" approach, so that most of these will likely find their way into the used card market. This will depress demand for new graphics cards just when Nvidia (NASDAQ:NVDA) is set to announce its next-generation GeForce 40 series.Ethereum completes its transition to proof-of-stake, ending lucrative and energy consuming \"mining\"The transition of Ethereum to proof-of-stake was called the Merge because it involved combining the parallel block chain that was already using proof-of-stake experimentally with the main block chain that was using traditional mining, called proof-of-work. This is shown below in this diagram from the Ethereum Foundation:Ethereum.orgMining was really just transaction processing, in which a number of Ethereum transactions would be bundled into a block and encrypted. But the encryption process was made artificially difficult, requiring millions of high end graphics cards in the mining pool to process a block in a reasonable period of time.In the new proof-of-stake approach, the artificial difficulty is removed, so that hardware requirements can be met by almost any computer, ending the need for graphics card processing and the attendant energy consumption. Ethereum claims this will reduce energy consumption by 99.95%.Some miners may go to work on a \"hard fork\" of Ethereum, in effect, a secession of the currency into a new one called EthereumPOW. This currency will continue to use proof-of-work, but it's unclear whether mining this will be profitable.Probably, the vast majority of cards will go on the used card market and be sold on venues such as eBay.Correcting the Ethereum hash rate model to account for used graphics card salesFollowing Nvidia's revised guidance for its fiscal 2023 Q2, I realized that I needed to revise my model of Ethereum-related sales of graphics cards. I had published an article detailing the model in July.The problem with the model was that it only accounted for sales into the Ethereum mining pool when the pool was adding capacity, i.e., adding new cards to the pool. It worked fine as long as the pool was still growing.However, starting in mid-May, the Ethereum mining pool hash rate, a measure of mining capacity, started to decline, as shown in the following chart from BitInfoCharts:BinInfoChartsThis implied that a substantial number of graphics cards were being removed from the pool. If I assumed that these cards were comparable to current generation Nvidia and AMD (AMD) cards, then it was reasonable to assume that every used card sold was a lost new card sale.This turned out to account very well for Nvidia's fiscal Q2 results, if we assume that a normal quarterly revenue in Nvidia's Gaming segment is about $2.5 billion. During the Fiscal Q2 conference call, Nvidia specifically claimed that this would be their normal average Gaming segment revenue without crypto. In my spreadsheet calculations, it was easy to calculate the used card effect simply by allowing the change in mining pool cards to go negative, with a negative net revenue for the cards:Mark HibbenNote that the revenue impact doesn't only fall on Nvidia, but the timing of Nvidia's fiscal Q2 lined up better with the fall in Ethereum mining capacity and likely release of cards into the used card market. AMD will likely feel the impact in its Q3 results.The impact of the Merge on Nvidia's sales will be, at best, uglyThe model provides a means of anticipating what happens when the Ethereum hash rate effectively goes to zero, post Merge. And it's not pretty. In an article on August 21, I gave my subscribers a heads-up concerning the impact of the Merge, and I further revised my model results on September 11.If we assume that the entire mining pool consists of newer graphics cards released since September 2020 (RTX 30 series for Nvidia), then Nvidia's RTX 30 series sales for Q3 are completely wiped out, as shown in the spreadsheet calculations extended to Q3:Mark HibbenThe model deducts the hash rate contribution due to Nvidia Crypto Mining Processors (CMP). These cannot be sold into the used graphics cards market, since they lack display outputs.This amounts to assuming that all of the cards used in mining before September 2020 (about when the RTX 30 series launched) were replaced with newer cards. This probably isn't absolutely correct, and the mining pool has consisted of a mixture of older and newer cards.As a lower bound, we can assume that none of the older cards were replaced. These cards would not impact new card sales, since they aren't comparable to current generation cards. The model can deduct these cards from the calculated revenue impact by simply deducting the pre-September 2020 hash rate of 228.2361 terahash/sec (THASH) for the mining pool:Mark HibbenSo the lost revenue impact for Nvidia looks to be in the range of $2-3 billion, and it probably won't fall all in Q3 but be distributed over several quarters. The effect of the Merge is to effectively zero out Nvidia's crypto revenue over time. The revenue made during Ethereum's mining pool expansion is negated by lost revenue post Merge, with the exception of CMP revenue and revenue from older graphics cards that might still have been in the pool at the time of the Merge.How will the Merge affect Nvidia's expected RTX 40 series launch?Nvidia has been expected to announce its GeForce RTX 40 series cards for some time, and Nvidia posted this announcement on its website:NvidiaVarious tech pundits are claiming that this is the worst time for Nvidia to launch a new generation of gaming graphics cards. One important feature expected of the RTX 40 series is support for PCIE 5.0. This could be important in reducing the impact of the Ethereum Merge.The current generation of Nvidia and AMD cards only support PCIE 4.0, the prevailing standard at the time of their introduction in late 2020. PCIE 5.0 will double the communication bandwidth compared to 4.0. It's not clear how critical that will be to gaming performance, but it should eliminate PCIE as a bottleneck, if it ever was.Just as important, new generation CPUs will have to support PCIE 5.0, since the GPU is typically linked directly to the CPU through a built in PCIE 16 lane (x16) interface. This is the preferred architecture for maximum gaming performance, and all modern CPUs provide at least 16 lanes of PCIE for this purpose.Intel (INTC) already supports PCIE 5.0 in its latest Alder Lake 12th generation Core series of desktop CPUs. Since Alder Lake launched early this year, there have been no PCIE 5.0 graphics cards to take advantage of the interface, but the current installed base of Alder Lake systems represents a waiting market for the new PCIE 5.0 cards.Unfortunately, I don't have an estimate of Alder Lake sales, so I have no idea what the size of that market might be. Current generation AMD Ryzen 5000 series desktop CPUs only offer PCIE 4.0, but the Ryzen 7000 series has been announced with support for PCIE 5.0, with a launch expected in October. AMD's next-generation GPUs have only been \"teased\" but are expected to support PCIE 5.0 as well.The performance desktop market (mostly gamers) is moving rapidly to PCIE 5.0, and Nvidia will have, at least for a few months, the only graphics cards that support it. Gamers tend to be early adopters and favor the highest performance technology.Sincenoneof the used cards released from the Merge will support PCIE 5.0, this may serve to somewhat isolate the RTX 40 series launch from the impact of the Merge. How much isolation is still unclear.Most of the current population of gaming systems will only support PCIE 4.0, so this part of the market would probably not buy RTX 40 series in any case. Most 40 series sales will go into new system builds.Certainly, the impact of the Merge will be to weaken sales of the RTX 40 series at launch. However, overall sales in the Gaming segment will probably benefit from the launch. The 40 series launch will give the segment a revenue stream it would not have had otherwise.Investor takeaways: will Nvidia need to restate guidance for this quarter?Nvidia guided to revenue of $5.9 billion for fiscal Q3 during the Q2 conference call, and this implies revenue in the gaming segment of about $1 billion. Did Nvidia account for the Merge in their guidance?When asked specifically about the impact of the Merge, Nvidia management had no comment, and professed an inability to account for the crypto impact. The guidance was claimed to be due to a retail channel inventory glut.If Nvidia really wasn't accounting for the Merge, then almost certainly it will need to restate guidance for Q3. Probably, the RTX 40 series launch will not be enough to provide the roughly $1 billion in Gaming segment revenue.In my Nvidia integrated financial model, I'm assuming a $3 billion hit due to the Merge and another $1 billion due to inventory correction. In the model, this is distributed over the next four quarters from fiscal 2023 Q3 to fiscal 2024 Q2, with Gaming segment sales only starting to recover in fiscal 2024 Q3.Despite this, I'm still modeling growth in the all-important Data Center segment. Nvidia's next-generation data center accelerator, the Hopper H100, is testing out to be very impressive and is in production now with deliveries expected by the end of the calendar year.Hopper should ensure continued growth in the Data Center segment, and the advent of Grace, Nvidia's ARM architecture CPU for the data center, should further enhance growth. Data Center growth largely compensates for revenue declines expected in Gaming for this year and next, according to the model:Mark HibbenAccording to my long-term Discounted Cash Flow model, Nvidia has a fair value of $192. I consider Nvidia's future to be very bright, despite the impact of crypto in the near term.Currently, I have Nvidia rated at Hold, and Nvidia has been a relatively small part of the Rethink Technology portfolio since selling most of my Nvidia shares (at a substantial profit) in April. I'm pretty close to upgrading Nvidia to Buy, but I'm waiting to see if the Merge (and possible guidance restatement) will drive Nvidia's price even lower.Also, I'm waiting to see what Nvidia has to offer in its new 40 series on September 20. Nvidia has consistently set the performance bar in the desktop graphics card market. Most likely, Nvidia is already undervalued.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2874,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935803545,"gmtCreate":1663057889088,"gmtModify":1676537193296,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935803545","repostId":"1193318255","repostType":4,"repost":{"id":"1193318255","kind":"news","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1663041425,"share":"https://ttm.financial/m/news/1193318255?lang=en_US&edition=fundamental","pubTime":"2022-09-13 11:57","market":"us","language":"en","title":"Traders See Inflation Falling for Rest of 2022, but That Likely Won’t End Fed Rate Hikes Or Market Volatility","url":"https://stock-news.laohu8.com/highlight/detail?id=1193318255","media":"Dow Jones","summary":"Inflation to fall to 8.1% in August from an 8.5% yearly rate in July, according to this group of spe","content":"<html><head></head><body><blockquote>Inflation to fall to 8.1% in August from an 8.5% yearly rate in July, according to this group of specialized traders</blockquote><p>There’s a bit of good and bad news in the run-up to the next major U.S. inflation data on Tuesday, following July’s bigger-than-expected decline in the U.S. consumer-price index which triggered a short-term relief rally among stock investors.</p><p>The corner of financial markets with money on the line in getting the CPI data just right is expecting a continued drop in inflation for August and the rest of the year. Traders of derivatives-like instruments known as fixings now expect August’s annual headline inflation rate to be 8.1%, down from 8.5% in July. They also see the rate gradually declining to 7.7% for September, 6.9% for October, almost 6.4% for November, and 6.1% for December. The problem is that the decline still likely won’t be nearly enough to put an end to continued rate hikes by the Federal Reserve, or the market volatility that accompanies them.</p><p>The reason is that the number that matters almost as much as the annual headline CPI rate is the so-called core reading, which kicks out volatile food and energy prices, said Gang Hu, an inflation trader with New York hedge fund WinShore Capital Partners. By his calculations, headline inflation readings at these levels through year-end imply monthly core readings of 0.3%, or 3.6% on a 12-month basis.</p><p>“There’s been quite a bit of change after the last CPI report, and the market definitely sees readings that are a fair amount lower than where they were before,” Hu said via phone on Monday. “You could have a relief rally in bonds and equities if these numbers are realized, but I don’t think the relief rally is going to stay.”</p><p>“The Fed is going to hike 75 basis points next week, to above 3%. But core inflation is stabilizing around the wrong levels, and if you have inflation at 0.3% for the next three to four months, the job is not done and the Fed will have to keep going,” Hu said via phone. “We don’t know how much further the Fed will have to keep going or when is going to be enough.”</p><p>Hu isn’t alone in his views. Robert Conzo, chief executive and managing director of The Wealth Alliance in Melville, New York, which oversees $1.5 billion, said that while he thinks CPI is on a downward trend, the degree to which that happens and just how sticky inflation may remain is still unknown. Once those trends become more apparent, that will give the Fed a firm direction, he said in an email. And once the central bank’s rate-hike cycle ends is when investors will see the next big recovery in stocks, according to Conzo.</p><p>As of Monday, stock investors appeared to be somewhat optimistic. All three major stock indexes DJIA, +0.71% SPX, +1.06% COMP, +1.27% finished with their fourth straight session of gains, adding to last week’s gains. Treasury yields were mixed, though the policy-sensitive 2-year rate TMUBMUSD02Y, 3.548% was still at its highest level since November 2007.</p><p>Fed funds futures traders were pricing in a 67% chance that the Fed’s main policy rate target will get to between 3.75% and 4% by December, up from a current level of between 2.25% and 2.5%. And fixings traders are expecting an annual headline CPI inflation rate that eventually subsides to around 2.7% next July, but the truth is “the market doesn’t have much idea of what’s going to happen five months from now,” Hu said.</p><p>“The Fed’s concern is less about spot inflation. The big concern is about inflation expectations,” said the WinShore Capital Partners trader. “The Fed has to firmly control inflation expectations so spot inflation doesn’t completely change the view of inflation in society. Retail gas is coming down very quickly, but, on the other side, food and rent prices continue to go up. So the Fed has no choice but to show markets it’s in control of inflation.”</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>Traders See Inflation Falling for Rest of 2022, but That Likely Won’t End Fed Rate Hikes Or Market Volatility</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\">\nTraders See Inflation Falling for Rest of 2022, but That Likely Won’t End Fed Rate Hikes Or Market Volatility\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-13 11:57</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote>Inflation to fall to 8.1% in August from an 8.5% yearly rate in July, according to this group of specialized traders</blockquote><p>There’s a bit of good and bad news in the run-up to the next major U.S. inflation data on Tuesday, following July’s bigger-than-expected decline in the U.S. consumer-price index which triggered a short-term relief rally among stock investors.</p><p>The corner of financial markets with money on the line in getting the CPI data just right is expecting a continued drop in inflation for August and the rest of the year. Traders of derivatives-like instruments known as fixings now expect August’s annual headline inflation rate to be 8.1%, down from 8.5% in July. They also see the rate gradually declining to 7.7% for September, 6.9% for October, almost 6.4% for November, and 6.1% for December. The problem is that the decline still likely won’t be nearly enough to put an end to continued rate hikes by the Federal Reserve, or the market volatility that accompanies them.</p><p>The reason is that the number that matters almost as much as the annual headline CPI rate is the so-called core reading, which kicks out volatile food and energy prices, said Gang Hu, an inflation trader with New York hedge fund WinShore Capital Partners. By his calculations, headline inflation readings at these levels through year-end imply monthly core readings of 0.3%, or 3.6% on a 12-month basis.</p><p>“There’s been quite a bit of change after the last CPI report, and the market definitely sees readings that are a fair amount lower than where they were before,” Hu said via phone on Monday. “You could have a relief rally in bonds and equities if these numbers are realized, but I don’t think the relief rally is going to stay.”</p><p>“The Fed is going to hike 75 basis points next week, to above 3%. But core inflation is stabilizing around the wrong levels, and if you have inflation at 0.3% for the next three to four months, the job is not done and the Fed will have to keep going,” Hu said via phone. “We don’t know how much further the Fed will have to keep going or when is going to be enough.”</p><p>Hu isn’t alone in his views. Robert Conzo, chief executive and managing director of The Wealth Alliance in Melville, New York, which oversees $1.5 billion, said that while he thinks CPI is on a downward trend, the degree to which that happens and just how sticky inflation may remain is still unknown. Once those trends become more apparent, that will give the Fed a firm direction, he said in an email. And once the central bank’s rate-hike cycle ends is when investors will see the next big recovery in stocks, according to Conzo.</p><p>As of Monday, stock investors appeared to be somewhat optimistic. All three major stock indexes DJIA, +0.71% SPX, +1.06% COMP, +1.27% finished with their fourth straight session of gains, adding to last week’s gains. Treasury yields were mixed, though the policy-sensitive 2-year rate TMUBMUSD02Y, 3.548% was still at its highest level since November 2007.</p><p>Fed funds futures traders were pricing in a 67% chance that the Fed’s main policy rate target will get to between 3.75% and 4% by December, up from a current level of between 2.25% and 2.5%. And fixings traders are expecting an annual headline CPI inflation rate that eventually subsides to around 2.7% next July, but the truth is “the market doesn’t have much idea of what’s going to happen five months from now,” Hu said.</p><p>“The Fed’s concern is less about spot inflation. The big concern is about inflation expectations,” said the WinShore Capital Partners trader. “The Fed has to firmly control inflation expectations so spot inflation doesn’t completely change the view of inflation in society. Retail gas is coming down very quickly, but, on the other side, food and rent prices continue to go up. So the Fed has no choice but to show markets it’s in control of inflation.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193318255","content_text":"Inflation to fall to 8.1% in August from an 8.5% yearly rate in July, according to this group of specialized tradersThere’s a bit of good and bad news in the run-up to the next major U.S. inflation data on Tuesday, following July’s bigger-than-expected decline in the U.S. consumer-price index which triggered a short-term relief rally among stock investors.The corner of financial markets with money on the line in getting the CPI data just right is expecting a continued drop in inflation for August and the rest of the year. Traders of derivatives-like instruments known as fixings now expect August’s annual headline inflation rate to be 8.1%, down from 8.5% in July. They also see the rate gradually declining to 7.7% for September, 6.9% for October, almost 6.4% for November, and 6.1% for December. The problem is that the decline still likely won’t be nearly enough to put an end to continued rate hikes by the Federal Reserve, or the market volatility that accompanies them.The reason is that the number that matters almost as much as the annual headline CPI rate is the so-called core reading, which kicks out volatile food and energy prices, said Gang Hu, an inflation trader with New York hedge fund WinShore Capital Partners. By his calculations, headline inflation readings at these levels through year-end imply monthly core readings of 0.3%, or 3.6% on a 12-month basis.“There’s been quite a bit of change after the last CPI report, and the market definitely sees readings that are a fair amount lower than where they were before,” Hu said via phone on Monday. “You could have a relief rally in bonds and equities if these numbers are realized, but I don’t think the relief rally is going to stay.”“The Fed is going to hike 75 basis points next week, to above 3%. But core inflation is stabilizing around the wrong levels, and if you have inflation at 0.3% for the next three to four months, the job is not done and the Fed will have to keep going,” Hu said via phone. “We don’t know how much further the Fed will have to keep going or when is going to be enough.”Hu isn’t alone in his views. Robert Conzo, chief executive and managing director of The Wealth Alliance in Melville, New York, which oversees $1.5 billion, said that while he thinks CPI is on a downward trend, the degree to which that happens and just how sticky inflation may remain is still unknown. Once those trends become more apparent, that will give the Fed a firm direction, he said in an email. And once the central bank’s rate-hike cycle ends is when investors will see the next big recovery in stocks, according to Conzo.As of Monday, stock investors appeared to be somewhat optimistic. All three major stock indexes DJIA, +0.71% SPX, +1.06% COMP, +1.27% finished with their fourth straight session of gains, adding to last week’s gains. Treasury yields were mixed, though the policy-sensitive 2-year rate TMUBMUSD02Y, 3.548% was still at its highest level since November 2007.Fed funds futures traders were pricing in a 67% chance that the Fed’s main policy rate target will get to between 3.75% and 4% by December, up from a current level of between 2.25% and 2.5%. And fixings traders are expecting an annual headline CPI inflation rate that eventually subsides to around 2.7% next July, but the truth is “the market doesn’t have much idea of what’s going to happen five months from now,” Hu said.“The Fed’s concern is less about spot inflation. The big concern is about inflation expectations,” said the WinShore Capital Partners trader. “The Fed has to firmly control inflation expectations so spot inflation doesn’t completely change the view of inflation in society. Retail gas is coming down very quickly, but, on the other side, food and rent prices continue to go up. So the Fed has no choice but to show markets it’s in control of inflation.”","news_type":1,"symbols_score_info":{"ESmain":0.9,"NQmain":0.9,"YMmain":0.9}},"isVote":1,"tweetType":1,"viewCount":3344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932314340,"gmtCreate":1662873690180,"gmtModify":1676537155965,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932314340","repostId":"2266817381","repostType":4,"repost":{"id":"2266817381","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1662861434,"share":"https://ttm.financial/m/news/2266817381?lang=en_US&edition=fundamental","pubTime":"2022-09-11 09:57","market":"us","language":"en","title":"How a CEO Rescued a Big Bet on Big Oil; \"There Were a Lot of Doubters\"","url":"https://stock-news.laohu8.com/highlight/detail?id=2266817381","media":"Dow Jones","summary":"Occidental Petroleum Corp. entered the thick of the pandemic among the worst prepared of its U.S. oi","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/be5cb2e717152d9e61504d0803ac3654\" tg-width=\"1278\" tg-height=\"1278\" referrerpolicy=\"no-referrer\"/>Occidental Petroleum Corp. entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers. Struggling with debt from an ill-timed $38 billion deal, Chief ExecutiveVicki Hollubwas fending off activist investorCarl Icahn, who controlled two board seats.</p><p>Two years later, the company has emerged as the top performer in the S&amp;P 500, and Ms. Hollub has traded Mr. Icahn, who sold all of his Occidental shares in March, for Warren Buffett, whoseBerkshire Hathaway Inc. now owns more than 20% of the company.</p><p>It was touch and go for a time. Months before the pandemic took hold, she implemented widespread layoffs. To stave off bankruptcy after oil prices collapsed in 2020, she slashed spending and nearly eliminated Occidental’s once-sacrosanct dividend—“the biggest and toughest decision that I made and I’ve ever made in my career,” she said in an interview.</p><p>Her 2019 acquisition of rival Anadarko Petroleum Corp., which Mr. Icahn called a “disaster,” has given Occidental the dominant position in the largest U.S. shale-oil field, the Permian Basin. Lifted by climbing oil prices, Occidental generated a record $4.35 billion in free cash flow and $3.7 billion in profit in the second quarter. It has cut its debt to $22 billion from nearly $36 billion a year ago.</p><p><img src=\"https://static.tigerbbs.com/61847881fba325e1dc5c7ed3280e29db\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/>Oil-and-gas producers have reported banner profits this year, even as a global energy crisis sparked by Russia’s invasion of Ukraine has threatened to derail European industries, left the U.K. facing its worst economic crisis since the 1970s and forced the Netherlands, Germany and India to rely heavily on coal to make up for a dearth of natural gas.</p><p>But Ms. Hollub, the first woman to be CEO of a major U.S. oil company, says she doesn’t feel vindicated. “I just feel relief,” she said. “There were a lot of doubters.”</p><p>Mr. Buffett has publicly lauded Ms. Hollub’s leadership. After she detailed the company’s future plans for analysts in February, Mr. Buffett told his own shareholders, “What Vicki Hollub was saying made nothing but sense.” Last month, Berkshire received regulatory approval to buy up to 50% of the oil company’s shares, spurring speculation it might seek to purchase all of Occidental.</p><p>Mr. Buffett declined to comment for this story. Ms. Hollub said she has “tremendous respect” for Mr. Buffett, adding that “he will be very beneficial for us as we go forward.” She declined to discuss the possibility of Berkshire purchasing the entire company.</p><p>Some former investors remain skeptical, saying a spike in oil prices has rescued the company, not Ms. Hollub.</p><p>“I have nothing personal against Vicki,” Mr. Icahn said in an interview. “However, that will never change my mind that she should not have made a bet-the-company investment by way of overpaying for Anadarko.”</p><p>A University of Alabama graduate, Ms. Hollub joined Occidental in 1982 and soon found herself running operations in Russia and Venezuela. She almost got laid off in 2003, butTodd Stevens, an executive at the company who had followed her rise, arranged for her to lead a team evaluating acreage in Colorado, said Mr. Stevens, who has since left.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf58d7d767a23cfb352e019504bafa44\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>Equipment used to process carbon dioxide, crude oil and water at an Occidental Petroleum project in Hobbs, N.M.PHOTO:ERNEST SCHEYDER/REUTERS</span></p><p>Ms. Hollub became known as a hard worker, once spending three weeks straightening out operations at a new gas field’s first well, said Donnie Enns, a former geophysicist who worked under her. “Nobody worked harder than Vicki,” he said. She also found time to run an office March Madness basketball pool.</p><p>After being named CEO of the company in 2016, Ms. Hollub departed from her predecessor’s preference for low-risk, “bolt-on” transactions. A little over a year into the job, she started courting Anadarko, an oil producer of comparable size, for a deal.</p><p>She outflanked largerChevronCorp. in a bidding war that riveted the oil patch, offering $5 billion more than her rival for Anadarko and its prized assets in the epicenter of U.S. shale production. Yet victory came at a steep cost.</p><p>Some of Occidental’s largest shareholders decried the deal—especially a pricey loan from Mr. Buffett in the form of $10 billion in preferred stock paying 8% annually in dividends, or $800 million. Ms. Hollub negotiated the funding at the eleventh hour after meeting with the financier in Omaha, Neb. Mr. Icahn, who first bought stock as the Anadarko bidding war came to a close, wrote to Occidental shareholders that “Buffett figuratively took her to the cleaners.”</p><p>Ms. Hollub acknowledged the deal damaged the company’s standing with some investors. “I was never offended at the fact that our shareholders were skeptical,” she said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58cf5cd81991220ec1f42821cee2554b\" tg-width=\"639\" tg-height=\"959\" referrerpolicy=\"no-referrer\"/><span>Vicki Hollub said she never doubted the wisdom of the Anadarko acquisition.PHOTO:ANGELA OWENS/THE WALL STREET JOURNAL</span></p><p>But she said she never doubted the wisdom of the acquisition, even after it sparked an investor revolt that created an opportunity for Mr. Icahn.</p><p>Central to Ms. Hollub’s strategy was building on Occidental’s already-large position in the oil-rich Permian of West Texas and New Mexico. She believed purchasing and drilling a huge swath of new acreage, much of it near the company’s existing assets, would give Occidental economies of scale and allow it to outperform Permian rivals. Occidental, she said, was one of the most technologically advanced drillers in the field; it would turn Anadarko’s undeveloped assets into oil-gushing wells.</p><p>By the end of 2019, the oil producer said it was making progress on its merger goals. It had divested itself of more than $6 billion in assets, including stakes in a liquefied natural gas export project in Mozambique and in a Houston-based pipeline company. Occidental recorded single-day and monthly production records in the Permian and other oil fields. Occidental announced its 182nd consecutive quarterly dividend, which Ms. Hollub noted at the time that “few other companies can claim.”</p><p>Ms. Hollub believed the merger was on track, but investors remained skeptical. From the time of Occidental’s counteroffer for Anadarko in April 2019 to February 2020 Occidental’s stock fell around 35%. Then the global pandemic took hold.</p><p>As billions of people around the world began to lock down, demand for oil plummeted. In the spring, oil prices reached historic lows, briefly turning negative for the first time ever as traders paid counterparties to take oil off their hands. Falling demand for their product hammered oil-and-gas companies, forcing dozens into bankruptcy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9090db9eab1ac4c91bd5b1b441d26206\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>Gasoline prices sank in April 2020 after the global pandemic caused oil prices to drop below zero.PHOTO:FREDERIC J. BROWN/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p>Every day, Ms. Hollub would drive to Occidental’s Houston offices in her red Jeep Wrangler, said Glenn Vangolen, a former senior vice president at Occidental and close adviser to the CEO. Mondays and Fridays, she and her lieutenants would mask up and gather in a conference room to discuss operations. Her office was spartan—a mostly bare room, except for a TV playing business news on mute, and a plush stuffed version of a costumed elephant, the Alabama Crimson Tide’s mascot, Mr. Vangolen said.</p><p>Occidental was in a worse situation than many of its peers: At the end of 2019, its long-term debt of about $39 billion was equivalent to roughly four times its earnings, excluding interest, taxes and other accounting items, quadruple the ratio from a year earlier, S&amp;P Capital IQ data show. The divestitures it had planned on to pay it down were no longer viable as assets were losing value.</p><p>Ms. Hollub said that Occidental made a lot of the difficult decisions before the pandemic to mitigate the downside risks of the Anadarko acquisition, including hedging a portion of its oil production and bumping its line of credit to $5 billion. But the company still faced painful months ahead as it had barely enough cash on hand to meet debt maturities coming due in 2021 and was later forced to hire restructuring advisers.</p><p>Ms. Hollub moved to cut her executives’ salaries—including her own by 81%—offer employees voluntary buy-outs, slash expenses in the oil patch and cancel employee perks. She also cut the dividend, which rankled investors.</p><p>Mr. Icahn amplified his calls for Ms. Hollub’s ouster and said he would seek to replace the entire board of directors at the company’s annual meeting. As the oil producer’s stock plunged to under $10 from around $45 before the pandemic, Mr. Icahn—facing paper losses of about $1 billion—doubled down on his shares, boosting his stake to roughly 10% from about 2%.</p><p>After a price war between Russia and Saudi Arabia caused oil prices to plunge below $25 a barrel in March, Occidental reached a settlement with Mr. Icahn. The deal gave board seats to two of his deputies and added another director, required Occidental to create an oversight committee that must be informed of any offers to acquire the company or its assets, and replaced the board chairman withStephen Chazen, Ms. Hollub’s predecessor as CEO.</p><p>Mr. Icahn’s camp pushed for Occidental to give its shareholders warrants that could allow them to buy discounted shares in the future. After he prevailed, Mr. Icahn received roughly 11 million warrants initially and bought more when they were worth around $3.</p><p>Mr. Vangolen said Mr. Icahn’s demand for warrants was part of the investor’s “raider playbook,” which he described as “trying to extract as much cash out of the business as you can before you bail.”</p><p>Mr. Icahn said that all the shareholders who rode the stock down deserved something for their loyalty.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3af2c050a88b00dd9846de958b65be1b\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>A crude oil pump jack in the Permian Basin in Loving County, Texas.PHOTO:ANGUS MORDANT/REUTERS</span></p><p>As the pandemic dragged on, Occidental logged a roughly $14.8 billion loss for 2020, its largest on record, according to S&amp;P Capital IQ data. Still, it continued to whittle down its mammoth debt, closing around $2.5 billion in asset sales at the end of 2020. Anadarko’s assets, meanwhile, were starting to shine, with production in the Permian reaching the high end of company estimates.</p><p>Even as Ms. Hollub wrestled with Mr. Icahn, she was building a relationship with Mr. Buffett.</p><p>In 2020, she traveled to Omaha to discuss Occidental&#39;s long-term strategy with Mr. Buffett, according to a person familiar with the meeting. The investor expressed a strong interest in the company&#39;s goal to become a leader in carbon capture, this person said.</p><p>Occidental says it has no plans to stop producing oil but also aims to be a leader in &#34;carbon management.&#34; It wants to develop 70 plants by 2035 to suck carbon dioxide out of the air, store it in the ground and sell carbon credits to businesses seeking to offset their own emissions -- a technology still in its commercial infancy that received a boost thanks to tax credits included in the climate package President Biden signed into law last month. The company also plans to use the gas to squeeze more oil from underground.</p><p>Then, in late February of this year, Russia invaded Ukraine.</p><p>The war propelled oil prices to their highest level in years, with Brent crude oil topping $120 in March, translating into a windfall for oil companies. In the first quarter of the year, Occidental made roughly $4.9 billion in profit, its highest quarterly earnings on record, according to S&amp;P Capital IQ.</p><p>The company now holds the most acreage across the Permian, with leases covering about 2.8 million net acres, according to data firm Enverus. Its domestic oil output in the second quarter of this year was up roughly 80% compared with before it acquired Anadarko, Occidental reported.</p><p>As Occidental&#39;s stock rose above $50 a share in March, Mr. Icahn sold his common stake. The investor&#39;s two representatives on Occidental&#39;s board also resigned, as was required by the settlement agreement. Mr. Icahn made over $1.5 billion on his investment and still holds some warrants, according to public filings and people familiar with the matter.</p><p>As Mr. Icahn got out of the stock, Mr. Buffett bought in. In May, Berkshire reported it had purchased roughly $8 billion worth of shares.</p><p>Mr. Icahn said that Mr. Buffett&#39;s investment could be ill-timed. &#34;I respect Buffett a lot but I think buying this stock at this level is obviously not like buying warrants at $3,&#34; he said. &#34;I made a great deal of money on my investment in Occidental, especially with the warrants, and activism worked in that regard,&#34; he said.</p><p>Ms. Hollub and Mr. Buffett have developed a personal relationship and the two talk periodically, said Mr. Vangolen. Ms. Hollub said in an interview she had no personal relationship with Mr. Icahn when he was an investor, and that he turned out not to be the kind of long-term shareholder the company prizes.</p><p>Mr. Icahn&#39;s retort: &#34;She came very close to not being a long-term shareholder also, because her ill-timed investment put the company on the brink of bankruptcy.&#34;</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>How a CEO Rescued a Big Bet on Big Oil; \"There Were a Lot of Doubters\"</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\">\nHow a CEO Rescued a Big Bet on Big Oil; \"There Were a Lot of Doubters\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-11 09:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/be5cb2e717152d9e61504d0803ac3654\" tg-width=\"1278\" tg-height=\"1278\" referrerpolicy=\"no-referrer\"/>Occidental Petroleum Corp. entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers. Struggling with debt from an ill-timed $38 billion deal, Chief ExecutiveVicki Hollubwas fending off activist investorCarl Icahn, who controlled two board seats.</p><p>Two years later, the company has emerged as the top performer in the S&amp;P 500, and Ms. Hollub has traded Mr. Icahn, who sold all of his Occidental shares in March, for Warren Buffett, whoseBerkshire Hathaway Inc. now owns more than 20% of the company.</p><p>It was touch and go for a time. Months before the pandemic took hold, she implemented widespread layoffs. To stave off bankruptcy after oil prices collapsed in 2020, she slashed spending and nearly eliminated Occidental’s once-sacrosanct dividend—“the biggest and toughest decision that I made and I’ve ever made in my career,” she said in an interview.</p><p>Her 2019 acquisition of rival Anadarko Petroleum Corp., which Mr. Icahn called a “disaster,” has given Occidental the dominant position in the largest U.S. shale-oil field, the Permian Basin. Lifted by climbing oil prices, Occidental generated a record $4.35 billion in free cash flow and $3.7 billion in profit in the second quarter. It has cut its debt to $22 billion from nearly $36 billion a year ago.</p><p><img src=\"https://static.tigerbbs.com/61847881fba325e1dc5c7ed3280e29db\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/>Oil-and-gas producers have reported banner profits this year, even as a global energy crisis sparked by Russia’s invasion of Ukraine has threatened to derail European industries, left the U.K. facing its worst economic crisis since the 1970s and forced the Netherlands, Germany and India to rely heavily on coal to make up for a dearth of natural gas.</p><p>But Ms. Hollub, the first woman to be CEO of a major U.S. oil company, says she doesn’t feel vindicated. “I just feel relief,” she said. “There were a lot of doubters.”</p><p>Mr. Buffett has publicly lauded Ms. Hollub’s leadership. After she detailed the company’s future plans for analysts in February, Mr. Buffett told his own shareholders, “What Vicki Hollub was saying made nothing but sense.” Last month, Berkshire received regulatory approval to buy up to 50% of the oil company’s shares, spurring speculation it might seek to purchase all of Occidental.</p><p>Mr. Buffett declined to comment for this story. Ms. Hollub said she has “tremendous respect” for Mr. Buffett, adding that “he will be very beneficial for us as we go forward.” She declined to discuss the possibility of Berkshire purchasing the entire company.</p><p>Some former investors remain skeptical, saying a spike in oil prices has rescued the company, not Ms. Hollub.</p><p>“I have nothing personal against Vicki,” Mr. Icahn said in an interview. “However, that will never change my mind that she should not have made a bet-the-company investment by way of overpaying for Anadarko.”</p><p>A University of Alabama graduate, Ms. Hollub joined Occidental in 1982 and soon found herself running operations in Russia and Venezuela. She almost got laid off in 2003, butTodd Stevens, an executive at the company who had followed her rise, arranged for her to lead a team evaluating acreage in Colorado, said Mr. Stevens, who has since left.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf58d7d767a23cfb352e019504bafa44\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>Equipment used to process carbon dioxide, crude oil and water at an Occidental Petroleum project in Hobbs, N.M.PHOTO:ERNEST SCHEYDER/REUTERS</span></p><p>Ms. Hollub became known as a hard worker, once spending three weeks straightening out operations at a new gas field’s first well, said Donnie Enns, a former geophysicist who worked under her. “Nobody worked harder than Vicki,” he said. She also found time to run an office March Madness basketball pool.</p><p>After being named CEO of the company in 2016, Ms. Hollub departed from her predecessor’s preference for low-risk, “bolt-on” transactions. A little over a year into the job, she started courting Anadarko, an oil producer of comparable size, for a deal.</p><p>She outflanked largerChevronCorp. in a bidding war that riveted the oil patch, offering $5 billion more than her rival for Anadarko and its prized assets in the epicenter of U.S. shale production. Yet victory came at a steep cost.</p><p>Some of Occidental’s largest shareholders decried the deal—especially a pricey loan from Mr. Buffett in the form of $10 billion in preferred stock paying 8% annually in dividends, or $800 million. Ms. Hollub negotiated the funding at the eleventh hour after meeting with the financier in Omaha, Neb. Mr. Icahn, who first bought stock as the Anadarko bidding war came to a close, wrote to Occidental shareholders that “Buffett figuratively took her to the cleaners.”</p><p>Ms. Hollub acknowledged the deal damaged the company’s standing with some investors. “I was never offended at the fact that our shareholders were skeptical,” she said.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58cf5cd81991220ec1f42821cee2554b\" tg-width=\"639\" tg-height=\"959\" referrerpolicy=\"no-referrer\"/><span>Vicki Hollub said she never doubted the wisdom of the Anadarko acquisition.PHOTO:ANGELA OWENS/THE WALL STREET JOURNAL</span></p><p>But she said she never doubted the wisdom of the acquisition, even after it sparked an investor revolt that created an opportunity for Mr. Icahn.</p><p>Central to Ms. Hollub’s strategy was building on Occidental’s already-large position in the oil-rich Permian of West Texas and New Mexico. She believed purchasing and drilling a huge swath of new acreage, much of it near the company’s existing assets, would give Occidental economies of scale and allow it to outperform Permian rivals. Occidental, she said, was one of the most technologically advanced drillers in the field; it would turn Anadarko’s undeveloped assets into oil-gushing wells.</p><p>By the end of 2019, the oil producer said it was making progress on its merger goals. It had divested itself of more than $6 billion in assets, including stakes in a liquefied natural gas export project in Mozambique and in a Houston-based pipeline company. Occidental recorded single-day and monthly production records in the Permian and other oil fields. Occidental announced its 182nd consecutive quarterly dividend, which Ms. Hollub noted at the time that “few other companies can claim.”</p><p>Ms. Hollub believed the merger was on track, but investors remained skeptical. From the time of Occidental’s counteroffer for Anadarko in April 2019 to February 2020 Occidental’s stock fell around 35%. Then the global pandemic took hold.</p><p>As billions of people around the world began to lock down, demand for oil plummeted. In the spring, oil prices reached historic lows, briefly turning negative for the first time ever as traders paid counterparties to take oil off their hands. Falling demand for their product hammered oil-and-gas companies, forcing dozens into bankruptcy.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9090db9eab1ac4c91bd5b1b441d26206\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>Gasoline prices sank in April 2020 after the global pandemic caused oil prices to drop below zero.PHOTO:FREDERIC J. BROWN/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p>Every day, Ms. Hollub would drive to Occidental’s Houston offices in her red Jeep Wrangler, said Glenn Vangolen, a former senior vice president at Occidental and close adviser to the CEO. Mondays and Fridays, she and her lieutenants would mask up and gather in a conference room to discuss operations. Her office was spartan—a mostly bare room, except for a TV playing business news on mute, and a plush stuffed version of a costumed elephant, the Alabama Crimson Tide’s mascot, Mr. Vangolen said.</p><p>Occidental was in a worse situation than many of its peers: At the end of 2019, its long-term debt of about $39 billion was equivalent to roughly four times its earnings, excluding interest, taxes and other accounting items, quadruple the ratio from a year earlier, S&amp;P Capital IQ data show. The divestitures it had planned on to pay it down were no longer viable as assets were losing value.</p><p>Ms. Hollub said that Occidental made a lot of the difficult decisions before the pandemic to mitigate the downside risks of the Anadarko acquisition, including hedging a portion of its oil production and bumping its line of credit to $5 billion. But the company still faced painful months ahead as it had barely enough cash on hand to meet debt maturities coming due in 2021 and was later forced to hire restructuring advisers.</p><p>Ms. Hollub moved to cut her executives’ salaries—including her own by 81%—offer employees voluntary buy-outs, slash expenses in the oil patch and cancel employee perks. She also cut the dividend, which rankled investors.</p><p>Mr. Icahn amplified his calls for Ms. Hollub’s ouster and said he would seek to replace the entire board of directors at the company’s annual meeting. As the oil producer’s stock plunged to under $10 from around $45 before the pandemic, Mr. Icahn—facing paper losses of about $1 billion—doubled down on his shares, boosting his stake to roughly 10% from about 2%.</p><p>After a price war between Russia and Saudi Arabia caused oil prices to plunge below $25 a barrel in March, Occidental reached a settlement with Mr. Icahn. The deal gave board seats to two of his deputies and added another director, required Occidental to create an oversight committee that must be informed of any offers to acquire the company or its assets, and replaced the board chairman withStephen Chazen, Ms. Hollub’s predecessor as CEO.</p><p>Mr. Icahn’s camp pushed for Occidental to give its shareholders warrants that could allow them to buy discounted shares in the future. After he prevailed, Mr. Icahn received roughly 11 million warrants initially and bought more when they were worth around $3.</p><p>Mr. Vangolen said Mr. Icahn’s demand for warrants was part of the investor’s “raider playbook,” which he described as “trying to extract as much cash out of the business as you can before you bail.”</p><p>Mr. Icahn said that all the shareholders who rode the stock down deserved something for their loyalty.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3af2c050a88b00dd9846de958b65be1b\" tg-width=\"1260\" tg-height=\"840\" referrerpolicy=\"no-referrer\"/><span>A crude oil pump jack in the Permian Basin in Loving County, Texas.PHOTO:ANGUS MORDANT/REUTERS</span></p><p>As the pandemic dragged on, Occidental logged a roughly $14.8 billion loss for 2020, its largest on record, according to S&amp;P Capital IQ data. Still, it continued to whittle down its mammoth debt, closing around $2.5 billion in asset sales at the end of 2020. Anadarko’s assets, meanwhile, were starting to shine, with production in the Permian reaching the high end of company estimates.</p><p>Even as Ms. Hollub wrestled with Mr. Icahn, she was building a relationship with Mr. Buffett.</p><p>In 2020, she traveled to Omaha to discuss Occidental&#39;s long-term strategy with Mr. Buffett, according to a person familiar with the meeting. The investor expressed a strong interest in the company&#39;s goal to become a leader in carbon capture, this person said.</p><p>Occidental says it has no plans to stop producing oil but also aims to be a leader in &#34;carbon management.&#34; It wants to develop 70 plants by 2035 to suck carbon dioxide out of the air, store it in the ground and sell carbon credits to businesses seeking to offset their own emissions -- a technology still in its commercial infancy that received a boost thanks to tax credits included in the climate package President Biden signed into law last month. The company also plans to use the gas to squeeze more oil from underground.</p><p>Then, in late February of this year, Russia invaded Ukraine.</p><p>The war propelled oil prices to their highest level in years, with Brent crude oil topping $120 in March, translating into a windfall for oil companies. In the first quarter of the year, Occidental made roughly $4.9 billion in profit, its highest quarterly earnings on record, according to S&amp;P Capital IQ.</p><p>The company now holds the most acreage across the Permian, with leases covering about 2.8 million net acres, according to data firm Enverus. Its domestic oil output in the second quarter of this year was up roughly 80% compared with before it acquired Anadarko, Occidental reported.</p><p>As Occidental&#39;s stock rose above $50 a share in March, Mr. Icahn sold his common stake. The investor&#39;s two representatives on Occidental&#39;s board also resigned, as was required by the settlement agreement. Mr. Icahn made over $1.5 billion on his investment and still holds some warrants, according to public filings and people familiar with the matter.</p><p>As Mr. Icahn got out of the stock, Mr. Buffett bought in. In May, Berkshire reported it had purchased roughly $8 billion worth of shares.</p><p>Mr. Icahn said that Mr. Buffett&#39;s investment could be ill-timed. &#34;I respect Buffett a lot but I think buying this stock at this level is obviously not like buying warrants at $3,&#34; he said. &#34;I made a great deal of money on my investment in Occidental, especially with the warrants, and activism worked in that regard,&#34; he said.</p><p>Ms. Hollub and Mr. Buffett have developed a personal relationship and the two talk periodically, said Mr. Vangolen. Ms. Hollub said in an interview she had no personal relationship with Mr. Icahn when he was an investor, and that he turned out not to be the kind of long-term shareholder the company prizes.</p><p>Mr. Icahn&#39;s retort: &#34;She came very close to not being a long-term shareholder also, because her ill-timed investment put the company on the brink of bankruptcy.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","BK4581":"高盛持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4176":"多领域控股","BRK.A":"伯克希尔","OXY":"西方石油","BK4201":"综合性石油与天然气企业","BK4550":"红杉资本持仓","BRK.B":"伯克希尔B"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2266817381","content_text":"Occidental Petroleum Corp. entered the thick of the pandemic among the worst prepared of its U.S. oil-and-gas peers. Struggling with debt from an ill-timed $38 billion deal, Chief ExecutiveVicki Hollubwas fending off activist investorCarl Icahn, who controlled two board seats.Two years later, the company has emerged as the top performer in the S&P 500, and Ms. Hollub has traded Mr. Icahn, who sold all of his Occidental shares in March, for Warren Buffett, whoseBerkshire Hathaway Inc. now owns more than 20% of the company.It was touch and go for a time. Months before the pandemic took hold, she implemented widespread layoffs. To stave off bankruptcy after oil prices collapsed in 2020, she slashed spending and nearly eliminated Occidental’s once-sacrosanct dividend—“the biggest and toughest decision that I made and I’ve ever made in my career,” she said in an interview.Her 2019 acquisition of rival Anadarko Petroleum Corp., which Mr. Icahn called a “disaster,” has given Occidental the dominant position in the largest U.S. shale-oil field, the Permian Basin. Lifted by climbing oil prices, Occidental generated a record $4.35 billion in free cash flow and $3.7 billion in profit in the second quarter. It has cut its debt to $22 billion from nearly $36 billion a year ago.Oil-and-gas producers have reported banner profits this year, even as a global energy crisis sparked by Russia’s invasion of Ukraine has threatened to derail European industries, left the U.K. facing its worst economic crisis since the 1970s and forced the Netherlands, Germany and India to rely heavily on coal to make up for a dearth of natural gas.But Ms. Hollub, the first woman to be CEO of a major U.S. oil company, says she doesn’t feel vindicated. “I just feel relief,” she said. “There were a lot of doubters.”Mr. Buffett has publicly lauded Ms. Hollub’s leadership. After she detailed the company’s future plans for analysts in February, Mr. Buffett told his own shareholders, “What Vicki Hollub was saying made nothing but sense.” Last month, Berkshire received regulatory approval to buy up to 50% of the oil company’s shares, spurring speculation it might seek to purchase all of Occidental.Mr. Buffett declined to comment for this story. Ms. Hollub said she has “tremendous respect” for Mr. Buffett, adding that “he will be very beneficial for us as we go forward.” She declined to discuss the possibility of Berkshire purchasing the entire company.Some former investors remain skeptical, saying a spike in oil prices has rescued the company, not Ms. Hollub.“I have nothing personal against Vicki,” Mr. Icahn said in an interview. “However, that will never change my mind that she should not have made a bet-the-company investment by way of overpaying for Anadarko.”A University of Alabama graduate, Ms. Hollub joined Occidental in 1982 and soon found herself running operations in Russia and Venezuela. She almost got laid off in 2003, butTodd Stevens, an executive at the company who had followed her rise, arranged for her to lead a team evaluating acreage in Colorado, said Mr. Stevens, who has since left.Equipment used to process carbon dioxide, crude oil and water at an Occidental Petroleum project in Hobbs, N.M.PHOTO:ERNEST SCHEYDER/REUTERSMs. Hollub became known as a hard worker, once spending three weeks straightening out operations at a new gas field’s first well, said Donnie Enns, a former geophysicist who worked under her. “Nobody worked harder than Vicki,” he said. She also found time to run an office March Madness basketball pool.After being named CEO of the company in 2016, Ms. Hollub departed from her predecessor’s preference for low-risk, “bolt-on” transactions. A little over a year into the job, she started courting Anadarko, an oil producer of comparable size, for a deal.She outflanked largerChevronCorp. in a bidding war that riveted the oil patch, offering $5 billion more than her rival for Anadarko and its prized assets in the epicenter of U.S. shale production. Yet victory came at a steep cost.Some of Occidental’s largest shareholders decried the deal—especially a pricey loan from Mr. Buffett in the form of $10 billion in preferred stock paying 8% annually in dividends, or $800 million. Ms. Hollub negotiated the funding at the eleventh hour after meeting with the financier in Omaha, Neb. Mr. Icahn, who first bought stock as the Anadarko bidding war came to a close, wrote to Occidental shareholders that “Buffett figuratively took her to the cleaners.”Ms. Hollub acknowledged the deal damaged the company’s standing with some investors. “I was never offended at the fact that our shareholders were skeptical,” she said.Vicki Hollub said she never doubted the wisdom of the Anadarko acquisition.PHOTO:ANGELA OWENS/THE WALL STREET JOURNALBut she said she never doubted the wisdom of the acquisition, even after it sparked an investor revolt that created an opportunity for Mr. Icahn.Central to Ms. Hollub’s strategy was building on Occidental’s already-large position in the oil-rich Permian of West Texas and New Mexico. She believed purchasing and drilling a huge swath of new acreage, much of it near the company’s existing assets, would give Occidental economies of scale and allow it to outperform Permian rivals. Occidental, she said, was one of the most technologically advanced drillers in the field; it would turn Anadarko’s undeveloped assets into oil-gushing wells.By the end of 2019, the oil producer said it was making progress on its merger goals. It had divested itself of more than $6 billion in assets, including stakes in a liquefied natural gas export project in Mozambique and in a Houston-based pipeline company. Occidental recorded single-day and monthly production records in the Permian and other oil fields. Occidental announced its 182nd consecutive quarterly dividend, which Ms. Hollub noted at the time that “few other companies can claim.”Ms. Hollub believed the merger was on track, but investors remained skeptical. From the time of Occidental’s counteroffer for Anadarko in April 2019 to February 2020 Occidental’s stock fell around 35%. Then the global pandemic took hold.As billions of people around the world began to lock down, demand for oil plummeted. In the spring, oil prices reached historic lows, briefly turning negative for the first time ever as traders paid counterparties to take oil off their hands. Falling demand for their product hammered oil-and-gas companies, forcing dozens into bankruptcy.Gasoline prices sank in April 2020 after the global pandemic caused oil prices to drop below zero.PHOTO:FREDERIC J. BROWN/AGENCE FRANCE-PRESSE/GETTY IMAGESEvery day, Ms. Hollub would drive to Occidental’s Houston offices in her red Jeep Wrangler, said Glenn Vangolen, a former senior vice president at Occidental and close adviser to the CEO. Mondays and Fridays, she and her lieutenants would mask up and gather in a conference room to discuss operations. Her office was spartan—a mostly bare room, except for a TV playing business news on mute, and a plush stuffed version of a costumed elephant, the Alabama Crimson Tide’s mascot, Mr. Vangolen said.Occidental was in a worse situation than many of its peers: At the end of 2019, its long-term debt of about $39 billion was equivalent to roughly four times its earnings, excluding interest, taxes and other accounting items, quadruple the ratio from a year earlier, S&P Capital IQ data show. The divestitures it had planned on to pay it down were no longer viable as assets were losing value.Ms. Hollub said that Occidental made a lot of the difficult decisions before the pandemic to mitigate the downside risks of the Anadarko acquisition, including hedging a portion of its oil production and bumping its line of credit to $5 billion. But the company still faced painful months ahead as it had barely enough cash on hand to meet debt maturities coming due in 2021 and was later forced to hire restructuring advisers.Ms. Hollub moved to cut her executives’ salaries—including her own by 81%—offer employees voluntary buy-outs, slash expenses in the oil patch and cancel employee perks. She also cut the dividend, which rankled investors.Mr. Icahn amplified his calls for Ms. Hollub’s ouster and said he would seek to replace the entire board of directors at the company’s annual meeting. As the oil producer’s stock plunged to under $10 from around $45 before the pandemic, Mr. Icahn—facing paper losses of about $1 billion—doubled down on his shares, boosting his stake to roughly 10% from about 2%.After a price war between Russia and Saudi Arabia caused oil prices to plunge below $25 a barrel in March, Occidental reached a settlement with Mr. Icahn. The deal gave board seats to two of his deputies and added another director, required Occidental to create an oversight committee that must be informed of any offers to acquire the company or its assets, and replaced the board chairman withStephen Chazen, Ms. Hollub’s predecessor as CEO.Mr. Icahn’s camp pushed for Occidental to give its shareholders warrants that could allow them to buy discounted shares in the future. After he prevailed, Mr. Icahn received roughly 11 million warrants initially and bought more when they were worth around $3.Mr. Vangolen said Mr. Icahn’s demand for warrants was part of the investor’s “raider playbook,” which he described as “trying to extract as much cash out of the business as you can before you bail.”Mr. Icahn said that all the shareholders who rode the stock down deserved something for their loyalty.A crude oil pump jack in the Permian Basin in Loving County, Texas.PHOTO:ANGUS MORDANT/REUTERSAs the pandemic dragged on, Occidental logged a roughly $14.8 billion loss for 2020, its largest on record, according to S&P Capital IQ data. Still, it continued to whittle down its mammoth debt, closing around $2.5 billion in asset sales at the end of 2020. Anadarko’s assets, meanwhile, were starting to shine, with production in the Permian reaching the high end of company estimates.Even as Ms. Hollub wrestled with Mr. Icahn, she was building a relationship with Mr. Buffett.In 2020, she traveled to Omaha to discuss Occidental's long-term strategy with Mr. Buffett, according to a person familiar with the meeting. The investor expressed a strong interest in the company's goal to become a leader in carbon capture, this person said.Occidental says it has no plans to stop producing oil but also aims to be a leader in \"carbon management.\" It wants to develop 70 plants by 2035 to suck carbon dioxide out of the air, store it in the ground and sell carbon credits to businesses seeking to offset their own emissions -- a technology still in its commercial infancy that received a boost thanks to tax credits included in the climate package President Biden signed into law last month. The company also plans to use the gas to squeeze more oil from underground.Then, in late February of this year, Russia invaded Ukraine.The war propelled oil prices to their highest level in years, with Brent crude oil topping $120 in March, translating into a windfall for oil companies. In the first quarter of the year, Occidental made roughly $4.9 billion in profit, its highest quarterly earnings on record, according to S&P Capital IQ.The company now holds the most acreage across the Permian, with leases covering about 2.8 million net acres, according to data firm Enverus. Its domestic oil output in the second quarter of this year was up roughly 80% compared with before it acquired Anadarko, Occidental reported.As Occidental's stock rose above $50 a share in March, Mr. Icahn sold his common stake. The investor's two representatives on Occidental's board also resigned, as was required by the settlement agreement. Mr. Icahn made over $1.5 billion on his investment and still holds some warrants, according to public filings and people familiar with the matter.As Mr. Icahn got out of the stock, Mr. Buffett bought in. In May, Berkshire reported it had purchased roughly $8 billion worth of shares.Mr. Icahn said that Mr. Buffett's investment could be ill-timed. \"I respect Buffett a lot but I think buying this stock at this level is obviously not like buying warrants at $3,\" he said. \"I made a great deal of money on my investment in Occidental, especially with the warrants, and activism worked in that regard,\" he said.Ms. Hollub and Mr. Buffett have developed a personal relationship and the two talk periodically, said Mr. Vangolen. Ms. Hollub said in an interview she had no personal relationship with Mr. Icahn when he was an investor, and that he turned out not to be the kind of long-term shareholder the company prizes.Mr. Icahn's retort: \"She came very close to not being a long-term shareholder also, because her ill-timed investment put the company on the brink of bankruptcy.\"","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.68,"OXY":0.9}},"isVote":1,"tweetType":1,"viewCount":2719,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9936882796,"gmtCreate":1662742006015,"gmtModify":1676537131823,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9936882796","repostId":"1112372995","repostType":4,"repost":{"id":"1112372995","kind":"news","pubTimestamp":1662737064,"share":"https://ttm.financial/m/news/1112372995?lang=en_US&edition=fundamental","pubTime":"2022-09-09 23:24","market":"uk","language":"en","title":"The Passing of the Second Elizabethan Age","url":"https://stock-news.laohu8.com/highlight/detail?id=1112372995","media":"businesstimes","summary":"The end of the reign of Queen Elizabeth II (1952-2022) calls for some comparison with the reign of Q","content":"<div>\n<p>The end of the reign of Queen Elizabeth II (1952-2022) calls for some comparison with the reign of Queen Elizabeth I (1558-1603).The two Elizabethan periods are studies in contrast. The first age ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/opinion/the-passing-of-the-second-elizabethan-age\">Source Link</a>\n\n</div>\n","source":"lsy1607307803821","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>The Passing of the Second Elizabethan Age</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\">\nThe Passing of the Second Elizabethan Age\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-09 23:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/opinion/the-passing-of-the-second-elizabethan-age><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The end of the reign of Queen Elizabeth II (1952-2022) calls for some comparison with the reign of Queen Elizabeth I (1558-1603).The two Elizabethan periods are studies in contrast. The first age ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/opinion/the-passing-of-the-second-elizabethan-age\">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.businesstimes.com.sg/opinion/the-passing-of-the-second-elizabethan-age","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112372995","content_text":"The end of the reign of Queen Elizabeth II (1952-2022) calls for some comparison with the reign of Queen Elizabeth I (1558-1603).The two Elizabethan periods are studies in contrast. The first age corresponded with the arrival of Renaissance England as a major European power that would go on to found the largest empire on earth, while the second age saw the contraction, decline and ultimate fall of imperial Britain.However, the two monarchs presided over the national destiny with an instinctive grasp of the necessity and possibilities of change, a trait that unites them over and above the differences between the times over which they presided.Elizabeth I altered the intellectual contours of Tudor England forever. Her personal interest in the arts contributed to an unprecedented literary Renaissance in England, particularly in drama, that occurred in a climate of thought suffused with a renewed emphasis on the study of the Greek and Roman classics. Even as the rediscovery of the ancients gave the English mind a firm foundation in the passage of European time, the great voyages of Hawkins, Raleigh and Drake expanded the geographical horizons of Britain to the New World.On the domestic religious front, she represented a necessary quest for balance and moderation in times of flux. The Elizabethan Settlement, introduced between 1558 and 1563, continued the English Reformation which had been inaugurated during the reign of her flamboyant father, Henry VIII, but the settlement sought to reconcile Roman Catholicism and radical Protestantism and turned the Anglican church into a lasting reality.The social harmony that the British take for granted today speaks of a larger national tradition of moderation which abhors extremes of political action – there has never been a serious prospect of the country going either communist or fascist – as much as of religious affiliation. The secular nature of British polity, in spite of the Queen’s formal position as Head of the Church of England, is a constant that has drawn refugees fleeing religious prosecution in their home countries to Britain down the turbulent centuries.These are some elements of the legacy of the First Elizabethan Age that the Second Elizabethan Age inherited – and built on. In the case of Elizabeth II, her ability to stay above everyday political fray in a constitutional monarchy made her Britain’s quintessentially national institution.Her first and last love lay in upholding the monarchy as an impartial arbiter concerned only with the preservation of Britain’s national interests. Of course, national interests change, but they remain interests nevertheless. It is to those that she was committed, no matter how much the Tories, Labour and the Liberal Democrats might disagree over the means to that end. She must have held her own views on the direction that Britain was taking and made them clear in private, but she maintained the uttermost discretion when pronouncing on national and other affairs in the public domain.In international affairs, her ability to manage Britain’s relative decline after World War II reveals a stoic acceptance of change but also a radical desire to make the most of it. Imperial retreat in the Suez Crisis of 1956 marked a decisive turning point. She accepted that the sun would set on the British Empire, but that did not mean that the sun would not rise again on the empire remade – as Commonwealth.The British Commonwealth took on such a life of its own that an academic once remarked that there was no reason why it should cease to exist even if Britain left it. Of course, there is no reason for Britain to secede.History is not always pleasant. The approaching end of the British Empire was marked by atrocities such as the Batang Kali Massacre during counter-insurgency operations in Malaya, or the repression of the Mau Mau Rebellion in Kenya.Overall though, Pax Britannica gave way peacefully to Pax Americana. King Charles III is inheriting a sturdy Anglo-American partnership that manifests itself in the North Atlantic Treaty Organisation and the recent formation of the Aukus security pact among Australia, the United Kingdom and the United States.The end of the second Elizabethan Age is cause for sadness. Passing from the British and Commonwealth realm is a sublime symbol of the legitimacy of order and the dignity of decorum.It is up to King Charles to carry on a rare regal legacy.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938243250,"gmtCreate":1662620512270,"gmtModify":1676537102958,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938243250","repostId":"2265005862","repostType":4,"repost":{"id":"2265005862","kind":"news","pubTimestamp":1662606707,"share":"https://ttm.financial/m/news/2265005862?lang=en_US&edition=fundamental","pubTime":"2022-09-08 11:11","market":"us","language":"en","title":"Microsoft: Why I Traded It In For Apple And Google","url":"https://stock-news.laohu8.com/highlight/detail?id=2265005862","media":"Seeking Alpha","summary":"SummaryI sold my Microsoft stock last year at around $320.Initially, I re-invested the money in bank","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>I sold my Microsoft stock last year at around $320.</li><li>Initially, I re-invested the money in bank stocks, but when the NASDAQ crashed, I started putting it into Apple and Google.</li><li>Microsoft still has better growth than Apple, but its whole story depends on one segment (the cloud).</li><li>Microsoft&#39;s non-cloud segments aren&#39;t growing very fast.</li><li>Because they have multiple growing segments instead of one, I consider Apple and Google better than Microsoft.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29fb06be709bd703cbad09d8693a3db6\" tg-width=\"1080\" tg-height=\"791\" width=\"100%\" height=\"auto\"/><span>Dimitrios Kambouris/Getty Images Entertainment</span></p><p><b>Microsoft</b> (NASDAQ:MSFT) is a stock that I held through the 2020/2021 NASDAQ rally and managed to sell before it came crashing down. I bought it after reading about the company&#39;s success with Azure-the second fastest growing of the big tech cloud services. <b>Alphabet&#39;s</b> (GOOG) Google Cloud was growing faster than Microsoft&#39;s Azure at the time (54% vs. 42%), but Azure was profitable while Google Cloud wasn&#39;t. So I figured that MSFT was the safer cloud bet.</p><p>When I bought MSFT, I was pretty much betting on Azure. When researching the stock, I discovered that its revenue growth in non-cloud businesses was slow, and that its valuation was expensive. Today, Microsoft only trades at 26.5 times earnings, but it was above 30 around the time I sold it. It has a sky-high 11.4 price-to-book ratio to this day.</p><p>Around the end of 2021 I knew that the Federal Reserve was planning on hiking interest rates, so I sold the two most expensive stocks in my portfolio: MSFT and <b>Adobe</b> (ADBE). The timing on those sales was pretty good because I booked gains on both (33% on MSFT and 20% on ADBE), while limiting my exposure to the tech bear market. Shortly after these sales, I wrote the article &#34;The Tech Stock Crash Will Likely Get Worse,&#34; which explained my reasons for being bearish on tech stocks. After the article published, the NASDAQ-100 fell a further 28%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a19f7b4044c0b5ef16645e84b3bfd206\" tg-width=\"1280\" tg-height=\"923\" width=\"100%\" height=\"auto\"/><span>NASDAQ trading after I predicted a tech crash (Google Finance)</span></p><p>Initially, I invested the proceeds I got from selling Microsoft into classic value plays: banks and energy stocks. I figured that rising interest rates would help banks earn more money while the economic recovery from COVID-19 would boost energy stocks. I was only half right about the first part (rising interest rates helped retail banks but not investment banks), I was 100% correct about the second part. At any rate, I booked some small profits on energy stocks and didn&#39;t buy anything new for a while after that.</p><p>Later, though, I started thinking about getting into tech stocks again. After watching the NASDAQ-100 tumble, I noticed that valuations were getting cheap. In particular, I noticed that Google had gone all the way down to 20 times earnings, despite still having double digit revenue growth, while Apple was gaining market share in China. Apple was on the pricey side at that point, but not as much as Microsoft (it traded at around 24 times earnings). So, I added some GOOGL and AAPL-the former stock has fallen about as much as Microsoft, the latter has given me a gain.</p><p>None of this is to say that I&#39;m actively bearish on Microsoft. I still hold the <b>Invesco QQQ Trust</b> (QQQ), which has a high level of MSFT exposure. However, factoring in price, competitive dynamics, and growth, I find Google and Apple to be better bets. In the ensuing paragraphs, I&#39;ll explain why I think that way.</p><p><b>Competitive Landscape</b></p><p>One area where Google and Apple both have an edge over Microsoft is competitive dynamics. Google and Apple both have wide moats, Microsoft&#39;s position relative to competitors is less robust.</p><p>First, we can look at Google&#39;s moat. It&#39;s the #1 online ad platform in the world, with 26.4% of the market. In second place after Google is <b>Meta Platforms</b> (META), which has gained at Google&#39;s expense over the last decade, but is experiencing issues this year due to Apple&#39;s privacy changes and competition from TikTok. We can expect Google&#39;s moat to persist, because it benefitted from the very same Apple policy changes that hurt Meta, proving it has a resilient model competitors can&#39;t touch.</p><p>Next, we can look at Apple&#39;s moat. This stems from its brand (the most valuable in the world), which helps it retain customers, and its interconnected ecosystem, which encourages customers to buy multiple products. Apple has a huge fan community on YouTube, which helps it sell products without extra ad spend. As a result, Apple is #1 or #2 across multiple product categories, including:</p><ul><li><p>Smartphones- #2 after <b>Samsung</b> (OTCPK:SSNLF).</p></li><li><p>Smartphone operating systems- #1 by revenue, #2 byuser count.</p></li><li><p>Tablets- #1.</p></li><li><p>Smart watches- #1.</p></li><li><p>Computer operating systems - #2 after Windows.</p></li></ul><p>So we can see that Google and Apple both have high market share. Additionally, they have factors that can lead us to infer continued high market share-brand loyalty in Apple&#39;s case, a resilient ad platform in Google&#39;s case.</p><p>As for Microsoft?</p><p>It has some of the advantages that Apple and Google have, but not to the same extent. It controls Windows, the most popular computer operating system, but that product category has plateaued. It no longer has a meaningful presence in smartphones, as it failed in that market. In cloud services, it is #2 after Amazon. Finally, in gaming, it&#39;s second in hardware sales to <b>Sony&#39;s</b> (SONY) PlayStation 5, and owns the popular Minecraft IP. Microsoft has a pretty good competitive position, but it is not the #1 player in any growth sectors the way Apple and Google are.</p><p><b>Comparative Valuation</b></p><p>Having looked at Microsoft&#39;s competitive position, we can now turn to its valuation. MSFT remains a pretty expensive stock well into the 2022 bear market, and it may continue to be expensive for a while. To illustrate this fact, we can compare Microsoft&#39;s earnings multiples with those of Apple and Google.</p><p><img src=\"https://static.tigerbbs.com/67e868df6fdac980f7adad3c07e00ed8\" tg-width=\"938\" tg-height=\"328\" width=\"100%\" height=\"auto\"/></p><p>As you can see, Apple is pretty similar to Microsoft, while Google is far cheaper. Valuation favors Google, it does not favor Apple, but recall the previous section on the competitive landscape: Apple&#39;s high brand loyalty makes it a very reliable company. It is not under any threat of margin compression due to new competitors entering the market, Microsoft arguably is.</p><p>As for Microsoft&#39;s valuation in a discounted cash flow model: it&#39;s hard to forecast the cash flows of a company with as many moving pieces as MSFT. However, if we start with the last 12 months&#39; $8.69 in free cash flow per share, and assume that it grows at the 10-year CAGR rate of 7.7%, we get to $12.59 in FCF per share after five years. Using a 3.25% discount rate (the current treasury yield), and assuming that growth falls to zero after five years, we get a present value of $379. That&#39;s a significant amount of upside, but remember that DCF models are very sensitive to inputs. Change the discount rate to 8% and suddenly the fair value falls to $150, which is severe downside. If you run this same model swapping out Microsoft&#39;s free cash flow for Google&#39;s, you get a fair value of $215, which implies 2X upside. Google also ends up worth less than today&#39;s price if you raise the discount rate to 8%, but the amount of downside (about 20%) is less.</p><p><b>Microsoft&#39;s Earnings</b></p><p>As I showed above, Microsoft has a steeper valuation than other tech companies you can compare it to. However, it has some advantages that other tech companies don&#39;t have. For example, it&#39;s still growing. In its most recent quarter, MSFT managed to achieve positive top and bottom line growth, posting the following results:</p><ul><li><p>Revenue: $51.9 billion, up 12%.</p></li><li><p>Operating income: $20.5 billion, up 14%.</p></li><li><p>Net income: $16.7 billion, up 2%.</p></li><li><p>Diluted EPS: $2.23, up 3%.</p></li></ul><p>Like many companies in the same period, Microsoft achieved solid revenue growth in Q2; however, unlike those other companies, it also had positive earnings growth. For a tech company to still be growing in 2022 after the Fed&#39;s many rate hikes and Apple&#39;s privacy changes is impressive. However, note that:</p><ul><li><p>Google&#39;s Q2 top line growth was higher than Microsoft&#39;s, at 13%.</p></li><li><p>Apple is doing a major product launch today that could boost its sales.</p></li></ul><p>Certainly, Microsoft is a good company. But when you look at Google&#39;s wider moat and Apple&#39;s potential catalyst, both of these stocks look like better opportunities.</p><p><b>Risks and Challenges</b></p><p>As I&#39;ve shown in this article, Microsoft is a good stock, but perhaps not the best in the tech sector. I personally think Apple and Google are more appealing. However, there are risks and challenges facing any investor who chooses to overweight Google and Apple at the expense of Microsoft, including:</p><ul><li><p><b>Concentration risk.</b> All investors are exposed to two types of risk: market risk and specific risk. Market risk is the risk inherent in the whole market, specific risk is the risk in any one stock. The more you diversify, the less your specific risk. A broadly diversified portfolio with thousands of stocks reduces your specific risk to near zero. When you increase your specific risk by holding a lower number of stocks, your total portfolio is said to have &#39;concentration risk.&#39; If you&#39;re considering investing in just tech stocks, a full &#39;FAANG&#39; portfolio that includes MSFT, AAPL, GOOGL and the rest of the NASDAQ-100 will have less concentration risk than a pure Apple/Google portfolio. It would still be exposed to market risk, but its overall risk would be lower than holding just Apple and Google.</p></li><li><p><b>A slowdown in consumer spending.</b> Despite the current economic contraction, consumer spending is still rising modestly. In this environment, there are plenty of people buying Apple products, and patronizing companies that advertise on Google. If we enter a full fledged recession, though, that will likely change. As economic activity dips, people start to worry about being laid off-they often cut their spending as a result. Should something like that happen, an enterprise-focused company like MSFT might fare better than Google and Apple, which are heavily invested in the consumer.</p></li></ul><p>The risks above are worth keeping in mind. If they concern you, then Invesco&#39;s QQQ ETF might suit you better than a concentrated Apple/Google bet. Nevertheless, it&#39;s hard not to notice that Google and Apple enjoy competitive advantages over Microsoft. That reason alone is enough for me to weight the former two stocks higher than the latter.</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>Microsoft: Why I Traded It In For Apple And Google</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\">\nMicrosoft: Why I Traded It In For Apple And Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-08 11:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4539353-microsoft-stock-why-i-traded-for-apple-and-google><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI sold my Microsoft stock last year at around $320.Initially, I re-invested the money in bank stocks, but when the NASDAQ crashed, I started putting it into Apple and Google.Microsoft still has...</p>\n\n<a href=\"https://seekingalpha.com/article/4539353-microsoft-stock-why-i-traded-for-apple-and-google\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","MSFT":"微软","GOOG":"谷歌","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4539353-microsoft-stock-why-i-traded-for-apple-and-google","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265005862","content_text":"SummaryI sold my Microsoft stock last year at around $320.Initially, I re-invested the money in bank stocks, but when the NASDAQ crashed, I started putting it into Apple and Google.Microsoft still has better growth than Apple, but its whole story depends on one segment (the cloud).Microsoft's non-cloud segments aren't growing very fast.Because they have multiple growing segments instead of one, I consider Apple and Google better than Microsoft.Dimitrios Kambouris/Getty Images EntertainmentMicrosoft (NASDAQ:MSFT) is a stock that I held through the 2020/2021 NASDAQ rally and managed to sell before it came crashing down. I bought it after reading about the company's success with Azure-the second fastest growing of the big tech cloud services. Alphabet's (GOOG) Google Cloud was growing faster than Microsoft's Azure at the time (54% vs. 42%), but Azure was profitable while Google Cloud wasn't. So I figured that MSFT was the safer cloud bet.When I bought MSFT, I was pretty much betting on Azure. When researching the stock, I discovered that its revenue growth in non-cloud businesses was slow, and that its valuation was expensive. Today, Microsoft only trades at 26.5 times earnings, but it was above 30 around the time I sold it. It has a sky-high 11.4 price-to-book ratio to this day.Around the end of 2021 I knew that the Federal Reserve was planning on hiking interest rates, so I sold the two most expensive stocks in my portfolio: MSFT and Adobe (ADBE). The timing on those sales was pretty good because I booked gains on both (33% on MSFT and 20% on ADBE), while limiting my exposure to the tech bear market. Shortly after these sales, I wrote the article \"The Tech Stock Crash Will Likely Get Worse,\" which explained my reasons for being bearish on tech stocks. After the article published, the NASDAQ-100 fell a further 28%.NASDAQ trading after I predicted a tech crash (Google Finance)Initially, I invested the proceeds I got from selling Microsoft into classic value plays: banks and energy stocks. I figured that rising interest rates would help banks earn more money while the economic recovery from COVID-19 would boost energy stocks. I was only half right about the first part (rising interest rates helped retail banks but not investment banks), I was 100% correct about the second part. At any rate, I booked some small profits on energy stocks and didn't buy anything new for a while after that.Later, though, I started thinking about getting into tech stocks again. After watching the NASDAQ-100 tumble, I noticed that valuations were getting cheap. In particular, I noticed that Google had gone all the way down to 20 times earnings, despite still having double digit revenue growth, while Apple was gaining market share in China. Apple was on the pricey side at that point, but not as much as Microsoft (it traded at around 24 times earnings). So, I added some GOOGL and AAPL-the former stock has fallen about as much as Microsoft, the latter has given me a gain.None of this is to say that I'm actively bearish on Microsoft. I still hold the Invesco QQQ Trust (QQQ), which has a high level of MSFT exposure. However, factoring in price, competitive dynamics, and growth, I find Google and Apple to be better bets. In the ensuing paragraphs, I'll explain why I think that way.Competitive LandscapeOne area where Google and Apple both have an edge over Microsoft is competitive dynamics. Google and Apple both have wide moats, Microsoft's position relative to competitors is less robust.First, we can look at Google's moat. It's the #1 online ad platform in the world, with 26.4% of the market. In second place after Google is Meta Platforms (META), which has gained at Google's expense over the last decade, but is experiencing issues this year due to Apple's privacy changes and competition from TikTok. We can expect Google's moat to persist, because it benefitted from the very same Apple policy changes that hurt Meta, proving it has a resilient model competitors can't touch.Next, we can look at Apple's moat. This stems from its brand (the most valuable in the world), which helps it retain customers, and its interconnected ecosystem, which encourages customers to buy multiple products. Apple has a huge fan community on YouTube, which helps it sell products without extra ad spend. As a result, Apple is #1 or #2 across multiple product categories, including:Smartphones- #2 after Samsung (OTCPK:SSNLF).Smartphone operating systems- #1 by revenue, #2 byuser count.Tablets- #1.Smart watches- #1.Computer operating systems - #2 after Windows.So we can see that Google and Apple both have high market share. Additionally, they have factors that can lead us to infer continued high market share-brand loyalty in Apple's case, a resilient ad platform in Google's case.As for Microsoft?It has some of the advantages that Apple and Google have, but not to the same extent. It controls Windows, the most popular computer operating system, but that product category has plateaued. It no longer has a meaningful presence in smartphones, as it failed in that market. In cloud services, it is #2 after Amazon. Finally, in gaming, it's second in hardware sales to Sony's (SONY) PlayStation 5, and owns the popular Minecraft IP. Microsoft has a pretty good competitive position, but it is not the #1 player in any growth sectors the way Apple and Google are.Comparative ValuationHaving looked at Microsoft's competitive position, we can now turn to its valuation. MSFT remains a pretty expensive stock well into the 2022 bear market, and it may continue to be expensive for a while. To illustrate this fact, we can compare Microsoft's earnings multiples with those of Apple and Google.As you can see, Apple is pretty similar to Microsoft, while Google is far cheaper. Valuation favors Google, it does not favor Apple, but recall the previous section on the competitive landscape: Apple's high brand loyalty makes it a very reliable company. It is not under any threat of margin compression due to new competitors entering the market, Microsoft arguably is.As for Microsoft's valuation in a discounted cash flow model: it's hard to forecast the cash flows of a company with as many moving pieces as MSFT. However, if we start with the last 12 months' $8.69 in free cash flow per share, and assume that it grows at the 10-year CAGR rate of 7.7%, we get to $12.59 in FCF per share after five years. Using a 3.25% discount rate (the current treasury yield), and assuming that growth falls to zero after five years, we get a present value of $379. That's a significant amount of upside, but remember that DCF models are very sensitive to inputs. Change the discount rate to 8% and suddenly the fair value falls to $150, which is severe downside. If you run this same model swapping out Microsoft's free cash flow for Google's, you get a fair value of $215, which implies 2X upside. Google also ends up worth less than today's price if you raise the discount rate to 8%, but the amount of downside (about 20%) is less.Microsoft's EarningsAs I showed above, Microsoft has a steeper valuation than other tech companies you can compare it to. However, it has some advantages that other tech companies don't have. For example, it's still growing. In its most recent quarter, MSFT managed to achieve positive top and bottom line growth, posting the following results:Revenue: $51.9 billion, up 12%.Operating income: $20.5 billion, up 14%.Net income: $16.7 billion, up 2%.Diluted EPS: $2.23, up 3%.Like many companies in the same period, Microsoft achieved solid revenue growth in Q2; however, unlike those other companies, it also had positive earnings growth. For a tech company to still be growing in 2022 after the Fed's many rate hikes and Apple's privacy changes is impressive. However, note that:Google's Q2 top line growth was higher than Microsoft's, at 13%.Apple is doing a major product launch today that could boost its sales.Certainly, Microsoft is a good company. But when you look at Google's wider moat and Apple's potential catalyst, both of these stocks look like better opportunities.Risks and ChallengesAs I've shown in this article, Microsoft is a good stock, but perhaps not the best in the tech sector. I personally think Apple and Google are more appealing. However, there are risks and challenges facing any investor who chooses to overweight Google and Apple at the expense of Microsoft, including:Concentration risk. All investors are exposed to two types of risk: market risk and specific risk. Market risk is the risk inherent in the whole market, specific risk is the risk in any one stock. The more you diversify, the less your specific risk. A broadly diversified portfolio with thousands of stocks reduces your specific risk to near zero. When you increase your specific risk by holding a lower number of stocks, your total portfolio is said to have 'concentration risk.' If you're considering investing in just tech stocks, a full 'FAANG' portfolio that includes MSFT, AAPL, GOOGL and the rest of the NASDAQ-100 will have less concentration risk than a pure Apple/Google portfolio. It would still be exposed to market risk, but its overall risk would be lower than holding just Apple and Google.A slowdown in consumer spending. Despite the current economic contraction, consumer spending is still rising modestly. In this environment, there are plenty of people buying Apple products, and patronizing companies that advertise on Google. If we enter a full fledged recession, though, that will likely change. As economic activity dips, people start to worry about being laid off-they often cut their spending as a result. Should something like that happen, an enterprise-focused company like MSFT might fare better than Google and Apple, which are heavily invested in the consumer.The risks above are worth keeping in mind. If they concern you, then Invesco's QQQ ETF might suit you better than a concentrated Apple/Google bet. Nevertheless, it's hard not to notice that Google and Apple enjoy competitive advantages over Microsoft. That reason alone is enough for me to weight the former two stocks higher than the latter.","news_type":1,"symbols_score_info":{"GOOG":0.9,"GOOGL":0.9,"MSFT":1,"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":2820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931591244,"gmtCreate":1662476012788,"gmtModify":1676537069112,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9931591244","repostId":"1187467674","repostType":4,"repost":{"id":"1187467674","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":1662475351,"share":"https://ttm.financial/m/news/1187467674?lang=en_US&edition=fundamental","pubTime":"2022-09-06 22:42","market":"us","language":"en","title":"Crypto Stocks Slid in Morning Trading, With Canaan Falling Over 4% and SOS Falling Over 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1187467674","media":"Tiger Newspress","summary":"Crypto stocks slid in morning trading, with Canaan falling over 4% and SOS falling over 3%.","content":"<html><head></head><body><p>Crypto stocks slid in morning trading, with Canaan falling over 4% and SOS falling over 3%.<img src=\"https://static.tigerbbs.com/bb82222037c9ca79da10df951751ddc8\" tg-width=\"262\" tg-height=\"326\" width=\"100%\" height=\"auto\"/></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>Crypto Stocks Slid in Morning Trading, With Canaan Falling Over 4% and SOS Falling Over 3%</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\">\nCrypto Stocks Slid in Morning Trading, With Canaan Falling Over 4% and SOS Falling Over 3%\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\">2022-09-06 22:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Crypto stocks slid in morning trading, with Canaan falling over 4% and SOS falling over 3%.<img src=\"https://static.tigerbbs.com/bb82222037c9ca79da10df951751ddc8\" tg-width=\"262\" tg-height=\"326\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOS":"SOS Limited","CAN":"嘉楠科技"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187467674","content_text":"Crypto stocks slid in morning trading, with Canaan falling over 4% and SOS falling over 3%.","news_type":1,"symbols_score_info":{"CAN":0.9,"SOS":0.9}},"isVote":1,"tweetType":1,"viewCount":3666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931033468,"gmtCreate":1662355890254,"gmtModify":1676537044435,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9931033468","repostId":"2265749449","repostType":4,"repost":{"id":"2265749449","kind":"highlight","pubTimestamp":1662332817,"share":"https://ttm.financial/m/news/2265749449?lang=en_US&edition=fundamental","pubTime":"2022-09-05 07:06","market":"us","language":"en","title":"GameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2265749449","media":"Barron's","summary":"U.S. stock and bond markets will be closed on Monday for Labor Day. It's a quiet week on the earning","content":"<html><head></head><body><p>U.S. stock and bond markets will be closed on Monday for Labor Day. It&#39;s a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data releases should grab plenty of attention.</p><p>Results this week will come from GameStop and NIO on Wednesday, DocuSign and Zscaler on Thursday, and Kroger on Friday. Apple will also host a product launch event on Wednesday, when it is expected to unveil a new lineup of iPhones and Apple Watches.</p><p>Economic data releases next week include the Institute for Supply Management&#39;s Services Purchasing Managers&#39; Index for August on Tuesday. The consensus estimate is for the index to decline by about three points, to 54.</p><p>Other data for investors and economists to watch next week will be the Federal Reserve&#39;s sixth beige book of the year on Wednesday and the Department of Labor&#39;s initial jobless claims for the latest week on Thursday.</p><p>The European Central Bank also announces a monetary-policy decision on Thursday. Futures markets are pricing in the greatest odds of a 75-basis-point hike, which would bring ECB&#39;s benchmark interest-rate target to 0.75%.</p><p><b>Monday 9/5</b></p><p>Equity and fixed-income markets are closed in observance of Labor Day.</p><p><b>Tuesday 9/6</b></p><p>The Institute for Supply Management releases its Services Purchasing Managers&#39; Index for August. Consensus estimate is for a 54 reading, about three points lower than in July. The index is well off its record high of 68.4 from November, but still above the expansionary level of 50.</p><p><b>Wednesday 9/7</b></p><p>Appleholds a launch event, titled &#34;Far Out,&#34; at its headquarters in Cupertino, Calif. The company is expected to unveil four new iPhone 14 models and three new Apple Watches, along with other products.</p><p>GameStop and NIO report quarterly results.</p><p>The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions with anecdotal data collected by the 12 regional Federal Reserve banks.</p><p>The Mortgage Bankers Association releases its mortgage application survey for the week ending on Sept. 2. Mortgage applications have dropped for three consecutive weeks and are at a multidecade low amid record-high home prices and surging mortgage rates.</p><p><b>Thursday 9/8</b></p><p>DocuSign and Zscaler hold conference calls to discuss quarterly earnings.</p><p>Moderna hosts a research and development day, with presentations from its executive leadership, including CEO Stéphane Bancel.</p><p>The European Central Bank announces its monetary-policy decision. Traders are pricing in a 60% chance of a jumbo-size 75-basis-point hike, which would bring ECB&#39;s deposit facility rate to 0.75%. At its last meeting, in July, the central bank lifted its key interest rate by half a percentage point, from negative 0.5% to zero. It has been just over a decade since the deposit facility rate was last above zero.</p><p>The Department of Labor reports initial jobless claims for the week ending on Sept. 3. Claims averaged 241,500 in August, and have risen steadily this year from historically low levels.</p><p><b>Friday 9/9</b></p><p>Kroger reports second-quarter fiscal-2023 results.</p><p>Tapestry, the parent company of fashion brands Coach and Kate Spade, holds an investor day at its headquarters in New York. The company will discuss its long-term strategic initiatives and update its financial outlook.</p><p>The Federal Reserve releases the Financial Accounts of the United States for the second quarter. The report gives a snapshot of the nation&#39;s household net worth and debt. In the first quarter, household net worth fell by $544 billion, to $149.3 trillion. It was the first decline since the first quarter of 2020. With the S&amp;P 500 index plunging more than 16% in the second quarter, it&#39;s very likely that the report will show another decrease.</p></body></html>","source":"lsy1610680873436","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>GameStop, Apple, Kroger, NIO, 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\">\nGameStop, Apple, Kroger, NIO, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/gamestop-apple-kroger-nio-and-other-stocks-for-investors-to-watch-this-week-51662318000?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock and bond markets will be closed on Monday for Labor Day. It's a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data releases ...</p>\n\n<a href=\"https://www.barrons.com/articles/gamestop-apple-kroger-nio-and-other-stocks-for-investors-to-watch-this-week-51662318000?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KR":"克罗格","NIO":"蔚来","DOCU":"Docusign","ZS":"Zscaler Inc.",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","AAPL":"苹果",".DJI":"道琼斯","GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/gamestop-apple-kroger-nio-and-other-stocks-for-investors-to-watch-this-week-51662318000?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265749449","content_text":"U.S. stock and bond markets will be closed on Monday for Labor Day. It's a quiet week on the earnings calendar once investors return from the long weekend, but a few major economic-data releases should grab plenty of attention.Results this week will come from GameStop and NIO on Wednesday, DocuSign and Zscaler on Thursday, and Kroger on Friday. Apple will also host a product launch event on Wednesday, when it is expected to unveil a new lineup of iPhones and Apple Watches.Economic data releases next week include the Institute for Supply Management's Services Purchasing Managers' Index for August on Tuesday. The consensus estimate is for the index to decline by about three points, to 54.Other data for investors and economists to watch next week will be the Federal Reserve's sixth beige book of the year on Wednesday and the Department of Labor's initial jobless claims for the latest week on Thursday.The European Central Bank also announces a monetary-policy decision on Thursday. Futures markets are pricing in the greatest odds of a 75-basis-point hike, which would bring ECB's benchmark interest-rate target to 0.75%.Monday 9/5Equity and fixed-income markets are closed in observance of Labor Day.Tuesday 9/6The Institute for Supply Management releases its Services Purchasing Managers' Index for August. Consensus estimate is for a 54 reading, about three points lower than in July. The index is well off its record high of 68.4 from November, but still above the expansionary level of 50.Wednesday 9/7Appleholds a launch event, titled \"Far Out,\" at its headquarters in Cupertino, Calif. The company is expected to unveil four new iPhone 14 models and three new Apple Watches, along with other products.GameStop and NIO report quarterly results.The Federal Reserve releases the beige book for the sixth of eight times this year. The report summarizes current economic conditions with anecdotal data collected by the 12 regional Federal Reserve banks.The Mortgage Bankers Association releases its mortgage application survey for the week ending on Sept. 2. Mortgage applications have dropped for three consecutive weeks and are at a multidecade low amid record-high home prices and surging mortgage rates.Thursday 9/8DocuSign and Zscaler hold conference calls to discuss quarterly earnings.Moderna hosts a research and development day, with presentations from its executive leadership, including CEO Stéphane Bancel.The European Central Bank announces its monetary-policy decision. Traders are pricing in a 60% chance of a jumbo-size 75-basis-point hike, which would bring ECB's deposit facility rate to 0.75%. At its last meeting, in July, the central bank lifted its key interest rate by half a percentage point, from negative 0.5% to zero. It has been just over a decade since the deposit facility rate was last above zero.The Department of Labor reports initial jobless claims for the week ending on Sept. 3. Claims averaged 241,500 in August, and have risen steadily this year from historically low levels.Friday 9/9Kroger reports second-quarter fiscal-2023 results.Tapestry, the parent company of fashion brands Coach and Kate Spade, holds an investor day at its headquarters in New York. The company will discuss its long-term strategic initiatives and update its financial outlook.The Federal Reserve releases the Financial Accounts of the United States for the second quarter. The report gives a snapshot of the nation's household net worth and debt. In the first quarter, household net worth fell by $544 billion, to $149.3 trillion. It was the first decline since the first quarter of 2020. With the S&P 500 index plunging more than 16% in the second quarter, it's very likely that the report will show another decrease.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"AAPL":1,"NIO":1,"ZS":0.9,"KR":1,"DOCU":0.9,"GME":1,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":3503,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933844586,"gmtCreate":1662264069545,"gmtModify":1676537027699,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9933844586","repostId":"1114052367","repostType":4,"repost":{"id":"1114052367","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":1662260377,"share":"https://ttm.financial/m/news/1114052367?lang=en_US&edition=fundamental","pubTime":"2022-09-04 10:59","market":"us","language":"en","title":"Reminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT","url":"https://stock-news.laohu8.com/highlight/detail?id=1114052367","media":"Tiger Newspress","summary":"Dear Valued Client,US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 Se","content":"<html><head></head><body><p>Dear Valued Client,</p><p>US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/617f2a63df7eacd3e0db4c21d33077ea\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>Happy investing!</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>Reminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT</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\">\nReminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT\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\">2022-09-04 10:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Dear Valued Client,</p><p>US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/617f2a63df7eacd3e0db4c21d33077ea\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>Happy investing!</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114052367","content_text":"Dear Valued Client,US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.Happy investing!","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2829,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997266013,"gmtCreate":1661816899034,"gmtModify":1676536582992,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997266013","repostId":"2263109101","repostType":4,"repost":{"id":"2263109101","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1661814937,"share":"https://ttm.financial/m/news/2263109101?lang=en_US&edition=fundamental","pubTime":"2022-08-30 07:15","market":"us","language":"en","title":"Stocks Headed for More Pain as 3,900 Becomes New Line in the Sand for the S&P 500, Chart Watchers Say","url":"https://stock-news.laohu8.com/highlight/detail?id=2263109101","media":"Dow Jones","summary":"As U.S. stocks continued to slide on Monday, a handful of technical analysts warned their clients to brace for more pain ahead during the coming weeks as 3,900 emerges as the new the line in the sand ","content":"<html><head></head><body><p>As U.S. stocks continued to slide on Monday, a handful of technical analysts warned their clients to brace for more pain ahead during the coming weeks as 3,900 emerges as the new the line in the sand for the S&amp;P 500.</p><p>Based on volume-weighted technical indicators, Jonathan Krinsky, chief market technician at BTIG, expects 3,900 will likely serve as the next key support level for stocks. While Krinsky doesn&#39;t presently expect stocks to return to their mid-June lows, a sustained break below 3,900 by the S&amp;P 500  might be enough to change his mind.</p><p>&#34;At this point we do not expect the June lows to be broken, but a meaningful break under 3,900 would have us re-evaluate that thesis,&#34; Krinsky said.</p><p><img src=\"https://static.tigerbbs.com/dce469daebbdb715f6ef8c9f67b0682c\" tg-width=\"700\" tg-height=\"459\" width=\"100%\" height=\"auto\"/></p><p>Krinsky is hardly alone in expecting more pain for stocks in the near term.</p><p>Since the start of the year, U.S. stocks have had a tendency to chase momentum, exacerbating moves both to the downside and the upside. Based on this, Nicholas Colas, co-founder of DataTrek Research, pointed out on Monday that Friday&#39;s drawdown marked the seventh time this year that the S&amp;P 500 has fallen by 3% or more in a single session.</p><p>Colas crunched the numbers and found that, since the start of 2022, the average one-week forward return for the S&amp;P 500 has been minus 0.4%.</p><p>&#34;The history of down +3 percent days in 2022 says not to expect much of a near-term bounce back from Friday&#39;s rout. In fact, one could justify being quite cautious here,&#34; Colas said.</p><p>Krinsky also highlighted some discouraging trends in Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, one of the market&#39;s most consequential stocks thanks to its massive market capitalization, which is north of $2.5 trillion.</p><p>According to Krinsky, Apple shares, which were down more than 2% on Monday, look vulnerable for the following reasons: until last week, Apple shares had exceeded the stock&#39;s 50-day moving average by one of the largest margins seen over the past 7 years.</p><p>Earlier this month, analysts like Colas and others have pointed to this outperformance as a sign of froth in markets. Turns out, they were correct. Now, Krinsky fears Apple could help lead markets lower.</p><p><img src=\"https://static.tigerbbs.com/3fc468dc195080754276338746d44c6b\" tg-width=\"700\" tg-height=\"434\" width=\"100%\" height=\"auto\"/></p><p>Finally, John Kosar, chief market strategist at Asbury Research, announced to clients on Monday that its tactical &#34;correction protection model&#34; has shifted to &#34;risk off&#34; territory, after spending a month in &#34;risk on.&#34;</p><p>As a result, Asbury Research is advising clients primarily interested in wealth preservation to reduce their exposure to equities.</p><p><img src=\"https://static.tigerbbs.com/a0f936b030d3c4a047fd0d3c9afe0015\" tg-width=\"700\" tg-height=\"606\" width=\"100%\" height=\"auto\"/></p><p>Since 2011, Asbury&#39;s defensive model has on average underperformed the S&amp;P 500 by 3.4% per year, while successfully reducing the maximum drawdowns by 50%.</p><p>One final reason for investors to remain cautious: Colas pointed out that near-term lows this year have tended to coincide with readings north of 30 on the Cboe Volatility Index, also known as the VIX . The gauge, which is based on movements in near-term S&amp;P 500 options, climbed above 26 on Monday.</p><p>&#34;Investors likely won&#39;t see an all-clear until the gauge tops 30,&#34; Colas said.</p><p>The main indexes were all in the red around midday on Monday, with the S&amp;P 500 down 0.67%, the Dow Jones Industrial Average down 0.57%, and the Nasdaq Composite down 1.02% .</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>Stocks Headed for More Pain as 3,900 Becomes New Line in the Sand for the S&P 500, Chart Watchers Say</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\">\nStocks Headed for More Pain as 3,900 Becomes New Line in the Sand for the S&P 500, Chart Watchers Say\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-30 07:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>As U.S. stocks continued to slide on Monday, a handful of technical analysts warned their clients to brace for more pain ahead during the coming weeks as 3,900 emerges as the new the line in the sand for the S&amp;P 500.</p><p>Based on volume-weighted technical indicators, Jonathan Krinsky, chief market technician at BTIG, expects 3,900 will likely serve as the next key support level for stocks. While Krinsky doesn&#39;t presently expect stocks to return to their mid-June lows, a sustained break below 3,900 by the S&amp;P 500  might be enough to change his mind.</p><p>&#34;At this point we do not expect the June lows to be broken, but a meaningful break under 3,900 would have us re-evaluate that thesis,&#34; Krinsky said.</p><p><img src=\"https://static.tigerbbs.com/dce469daebbdb715f6ef8c9f67b0682c\" tg-width=\"700\" tg-height=\"459\" width=\"100%\" height=\"auto\"/></p><p>Krinsky is hardly alone in expecting more pain for stocks in the near term.</p><p>Since the start of the year, U.S. stocks have had a tendency to chase momentum, exacerbating moves both to the downside and the upside. Based on this, Nicholas Colas, co-founder of DataTrek Research, pointed out on Monday that Friday&#39;s drawdown marked the seventh time this year that the S&amp;P 500 has fallen by 3% or more in a single session.</p><p>Colas crunched the numbers and found that, since the start of 2022, the average one-week forward return for the S&amp;P 500 has been minus 0.4%.</p><p>&#34;The history of down +3 percent days in 2022 says not to expect much of a near-term bounce back from Friday&#39;s rout. In fact, one could justify being quite cautious here,&#34; Colas said.</p><p>Krinsky also highlighted some discouraging trends in Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, one of the market&#39;s most consequential stocks thanks to its massive market capitalization, which is north of $2.5 trillion.</p><p>According to Krinsky, Apple shares, which were down more than 2% on Monday, look vulnerable for the following reasons: until last week, Apple shares had exceeded the stock&#39;s 50-day moving average by one of the largest margins seen over the past 7 years.</p><p>Earlier this month, analysts like Colas and others have pointed to this outperformance as a sign of froth in markets. Turns out, they were correct. Now, Krinsky fears Apple could help lead markets lower.</p><p><img src=\"https://static.tigerbbs.com/3fc468dc195080754276338746d44c6b\" tg-width=\"700\" tg-height=\"434\" width=\"100%\" height=\"auto\"/></p><p>Finally, John Kosar, chief market strategist at Asbury Research, announced to clients on Monday that its tactical &#34;correction protection model&#34; has shifted to &#34;risk off&#34; territory, after spending a month in &#34;risk on.&#34;</p><p>As a result, Asbury Research is advising clients primarily interested in wealth preservation to reduce their exposure to equities.</p><p><img src=\"https://static.tigerbbs.com/a0f936b030d3c4a047fd0d3c9afe0015\" tg-width=\"700\" tg-height=\"606\" width=\"100%\" height=\"auto\"/></p><p>Since 2011, Asbury&#39;s defensive model has on average underperformed the S&amp;P 500 by 3.4% per year, while successfully reducing the maximum drawdowns by 50%.</p><p>One final reason for investors to remain cautious: Colas pointed out that near-term lows this year have tended to coincide with readings north of 30 on the Cboe Volatility Index, also known as the VIX . The gauge, which is based on movements in near-term S&amp;P 500 options, climbed above 26 on Monday.</p><p>&#34;Investors likely won&#39;t see an all-clear until the gauge tops 30,&#34; Colas said.</p><p>The main indexes were all in the red around midday on Monday, with the S&amp;P 500 down 0.67%, the Dow Jones Industrial Average down 0.57%, and the Nasdaq Composite down 1.02% .</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","BK4504":"桥水持仓","BK4559":"巴菲特持仓","SH":"做空标普500-Proshares","BK4550":"红杉资本持仓","IVV":"标普500ETF-iShares","OEX":"标普100","UPRO":"三倍做多标普500ETF-ProShares","AMZN":"亚马逊","SDS":"两倍做空标普500 ETF-ProShares","AAPL":"苹果",".SPX":"S&P 500 Index","BK4581":"高盛持仓","OEF":"标普100指数ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","BK4534":"瑞士信贷持仓","SSO":"2倍做多标普500ETF-ProShares","SPY":"标普500ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2263109101","content_text":"As U.S. stocks continued to slide on Monday, a handful of technical analysts warned their clients to brace for more pain ahead during the coming weeks as 3,900 emerges as the new the line in the sand for the S&P 500.Based on volume-weighted technical indicators, Jonathan Krinsky, chief market technician at BTIG, expects 3,900 will likely serve as the next key support level for stocks. While Krinsky doesn't presently expect stocks to return to their mid-June lows, a sustained break below 3,900 by the S&P 500  might be enough to change his mind.\"At this point we do not expect the June lows to be broken, but a meaningful break under 3,900 would have us re-evaluate that thesis,\" Krinsky said.Krinsky is hardly alone in expecting more pain for stocks in the near term.Since the start of the year, U.S. stocks have had a tendency to chase momentum, exacerbating moves both to the downside and the upside. Based on this, Nicholas Colas, co-founder of DataTrek Research, pointed out on Monday that Friday's drawdown marked the seventh time this year that the S&P 500 has fallen by 3% or more in a single session.Colas crunched the numbers and found that, since the start of 2022, the average one-week forward return for the S&P 500 has been minus 0.4%.\"The history of down +3 percent days in 2022 says not to expect much of a near-term bounce back from Friday's rout. In fact, one could justify being quite cautious here,\" Colas said.Krinsky also highlighted some discouraging trends in Apple Inc. $(AAPL)$, one of the market's most consequential stocks thanks to its massive market capitalization, which is north of $2.5 trillion.According to Krinsky, Apple shares, which were down more than 2% on Monday, look vulnerable for the following reasons: until last week, Apple shares had exceeded the stock's 50-day moving average by one of the largest margins seen over the past 7 years.Earlier this month, analysts like Colas and others have pointed to this outperformance as a sign of froth in markets. Turns out, they were correct. Now, Krinsky fears Apple could help lead markets lower.Finally, John Kosar, chief market strategist at Asbury Research, announced to clients on Monday that its tactical \"correction protection model\" has shifted to \"risk off\" territory, after spending a month in \"risk on.\"As a result, Asbury Research is advising clients primarily interested in wealth preservation to reduce their exposure to equities.Since 2011, Asbury's defensive model has on average underperformed the S&P 500 by 3.4% per year, while successfully reducing the maximum drawdowns by 50%.One final reason for investors to remain cautious: Colas pointed out that near-term lows this year have tended to coincide with readings north of 30 on the Cboe Volatility Index, also known as the VIX . The gauge, which is based on movements in near-term S&P 500 options, climbed above 26 on Monday.\"Investors likely won't see an all-clear until the gauge tops 30,\" Colas said.The main indexes were all in the red around midday on Monday, with the S&P 500 down 0.67%, the Dow Jones Industrial Average down 0.57%, and the Nasdaq Composite down 1.02% .","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"IVV":0.6,"SPY":1,"AAPL":0.9,"UPRO":0.6,"AMZN":0.9,"ESmain":0.6,"SPXU":0.6,"SH":0.6,"OEX":0.6,".SPX":0.6,"OEF":0.6,"SDS":0.6,"SSO":0.6}},"isVote":1,"tweetType":1,"viewCount":3469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997075166,"gmtCreate":1661730753557,"gmtModify":1676536567237,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997075166","repostId":"1164924578","repostType":4,"repost":{"id":"1164924578","kind":"news","pubTimestamp":1661727544,"share":"https://ttm.financial/m/news/1164924578?lang=en_US&edition=fundamental","pubTime":"2022-08-29 06:59","market":"us","language":"en","title":"Jobs in Focus after Hawkish Powell Speech: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1164924578","media":"Yahoo Finance","summary":"The latest monthly jobs report is this week’s main attraction as investors barrel into September.Aug","content":"<html><head></head><body><p>The latest monthly jobs report is this week’s main attraction as investors barrel into September.</p><p>August employment data from the Labor Department is set for release at 8:30 a.m. ET Friday morning, and is expected to show another strong month for the U.S. labor market. Economists expect nonfarm payrolls rose by 300,000 in August, according to data from Bloomberg.</p><p>The figure is likely to serve a key role in dictating the Federal Reserve’s next rate decision at its policy-setting meeting later this month. Investors will keep a close eye on jobs data after Fed Chair Jerome Powell asserted in ahawkish speech at the Jackson Hole symposium Fridayhe is willing to accept a softening labor market in exchange for mitigating inflation.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/354281bbcc2edd592cdebfe0f8a5a9a9\" tg-width=\"705\" tg-height=\"484\" referrerpolicy=\"no-referrer\"/><span>Jerome Powell, chair of the Federal Reserve walks in Teton National Park where financial leaders from around the world gathered for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 26, 2022. REUTERS/Jim Urquhart</span></p><p>“If there is a conflict in the Fed’s two mandates as they work to slow inflation, Chair Powell ranks price stability head and shoulders above maximum employment,” Jeff Klingelhofer, co-head of investments at Thornburg Investment Management said in a note on Friday.</p><p>Powell’sremarks sent markets tumbling, with all three major averages settling at four-week lows on Friday.</p><p>The Nasdaq plunged 3.9%, and the S&amp;P 500 shed 3.3%, with both indexes logging their biggest one-day drops since June 13. The Dow Jones Industrial Average erased 1,000 points, or roughly 3% on Friday.</p><p>“There will very likely be some softening of labor market conditions,” Powell said in his speech.</p><p>“While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” Powell added. “These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.”</p><p>Up until Friday, some market participants had expected the U.S. central bank may pivot in its monetary tightening plans, but Powell and other officials have pushed back on the possibility of notching down rate hikes this year.</p><p>Inflation has shown signs of moderating, but continues to run sharply higher than the Federal Reserve’s target of 2%. Data from the Bureau of Economic Analysis on Friday showed consumer prices fell slightly last month, with headline PCE falling 0.1% between June and July, driven primarily by a 4.8% decline in energy prices. On a year-over-year basis, headline PCE rose 6.3% in July.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f62c6fb463c5b5689ca97018d6f8a7f6\" tg-width=\"705\" tg-height=\"483\" referrerpolicy=\"no-referrer\"/><span>David Malpass, president of the World Bank Group, looks on next to a stuffed grizzly bear at Teton National Park, where financial leaders from around the world gathered for the Jackson Hole Economic Symposium, outside Jackson, Wyoming, U.S., August 26, 2022. REUTERS/Jim Urquhart</span></p><p>And core PCE, the Fed&#39;s preferred measure of inflation, rose 0.1% month-on-month in July and 4.6% from the prior year, marking the lowest annual increase since October 2021.</p><p>Still, Powell indicated another “unusually large” rate hike was possible in September after the central bank raised rates by 75 basis points inJuneandJuly.</p><p>&#34;Restoring price stability will likely require maintaining a restrictive policy stance for some time,&#34; Powell said. &#34;The historical record cautions strongly against prematurely loosening policy.”</p><p>Elsewhere in labor market data,ADP will resume its private payrolls reportwith new a methodology on Wednesday after a temporary pause in June and July. Economists surveyed by Bloomberg expect the release to show 300,000 private payrolls were added in August.</p><p>ADP&#39;s monthly private jobs report comes two days before the Labor Department releases its official jobs report. While the company’s print is an imperfect precursor to the government’s release, it offers a snapshot of job growth during the period.</p><p>The Job Openings and Labor Turnover Survey (JOLTS), Challenger Job Cuts, and initial weekly jobless claims are also on the docket of employment data set for release this week.</p><p>On the earnings front, the reporting season has largely wound down, but a few potentially market-moving results are still on tap. Traders will get figures from headliners including Best Buy (BBY), HP (HPQ), Big Lots (BIG), Chewy (CHWY), Lululemon Athletica (LULU), and Broadcom (AVGO).</p><p>—</p><h2>Economic Calendar</h2><p><b>Monday:Dallas Fed Manufacturing Activity</b>, August (-12.7 expected, -22.6 during prior month)</p><p><b>Tuesday: FHFA House Pricing Index</b>, month-over-month, June (0.8% expected, 1.4% during prior month);<b>House Price Purchasing Index</b>, quarter-over-quarter, Q2 (4.6% during prior quarter);<b>S&amp;P CoreLogic Case-Shiller 20-City Composite</b>, month-over-month, June (0.90% expected, 1.32% during prior month);<b>S&amp;P CoreLogic Case-Shiller 20-City Composite</b>, year-over-year, June (19.20% expected, 20.50% during prior month);<b>S&amp;P CoreLogic Case-Shiller U.S. National Home Price Index</b>, year-over-year, June (19.75% during prior month);<b>Conference Board Consumer Confidence</b>, August (97.7 expected, 95.7 during prior month);<b>JOLTS Job openings</b>, July (10.475 million expected, 10.698 million during prior month)</p><p><b>Wednesday: MBA Mortgage Applications</b>, week ended August 26 (-1.2% during prior week);<b>ADP Employment Change</b>, August (300,000 expected);<b>MNI Chicago PMI</b>, August (52.5 expected, 52.1 during prior month)</p><p><b>Thursday: Challenger Job Cuts</b>, year-over-year, August (36.3% during prior month);<b>Initial Jobless Claims</b>, week ended August 27 (249,000 expected, 243,000 during prior week);<b>Continuing Claims</b>, week ended August 20 (1.450 million expected, 1.415 million during prior week);<b>Nonfarm Productivity</b>, Q1 final (-7.5% expected, 7.5% during prior month);<b>S&amp;P Global U.S. Composite PMI</b>, August final (51.3 expected, 51.3 during prior month);<b>Construction Spending</b>, month-over-month, July (-0.1% expected, -1.1% during prior month);<b>ISM Manufacturing</b>, August (52.0 expected, 52.8 during prior month);<b>ISM Prices Paid</b>, March (60.0 during prior month);<b>ISM New Orders</b>, August (48.0 during prior month);<b>ISM Employment</b>, August (49.9 during prior month);<b>WARDS Total Vehicle Sales</b>, August (13.50 million expected, 13.35 million prior month)</p><p><b>Friday: Nonfarm Payrolls</b>, August (300,000 expected, 528,000 during prior month);<b>Unemployment Rate</b>, August (3.5% expected, 3.5% during prior month);<b>Average Hourly Earnings</b>, month-over-month, August (0.4% expected, 0.5% during prior month);<b>Average Hourly Earnings</b>, year-over-year, August (5.2% expected, 5.2% prior month);<b>Average Weekly Hours All Employees</b>, August (34.6 expected, 34.6 during prior month);<b>Labor Force Participation Rate</b>, August (62.2% expected, 62.1% during prior month);<b>Underemployment Rate</b>, August (6.7% during prior month);<b>Factory Orders</b>, July (0.2% expected, 2.0% during prior month);<b>Durable Goods Orders</b>, July final (0.0% expected, 0.0% during prior month);<b>Durables excluding transportation</b>, July final (0.3% expected, 0.3% during prior month);<b>Non-defense capital goods orders excluding aircraft</b>, July final (0.4% during prior month);<b>Non-defense capital goods shipments excluding aircraft</b>, July final (0.7% during prior month)</p><p>—</p><h2>Earnings Calendar:</h2><p><b>Monday: Catalent</b>(CTLT),<b>SelectQuote</b>(SLQT)</p><p><b>Tuesday: Best</b> <b>Buy</b>(BBY),<b>HP</b>(HPQ),<b>Ambarella</b>(AMBA),<b>Baidu</b>(BIDU),<b>Big</b> <b>Lots</b>(BIG),<b>Chewy</b>(CHWY)<b>Conn&#39;s</b>(CONN),<b>CrowdStrike</b>(CRWD),<b>Hewlett Packard Enterprise</b>(HPE),<b>Photronics</b>(PLAB)</p><p><b>Wednesday:Anaplan</b>(PLAN),<b>Cooper</b>(COO),<b>DesignerBrands</b>(DBI),<b>Donaldson</b>(DCI),<b>FiveBelow</b>(FIVE),<b>MongoDB</b>(MDB),<b>Okta</b>(OKTA),<b>PureStorage</b>(PSTG),<b>Semtech</b>(SMTC),<b>VeevaSystems</b>(VEEV),<b>Vera Bradley</b>(VRA)</p><p><b>Thursday: LululemonAthletica</b>(LULU),<b>Broadcom</b>(AVGO),<b>CampbellSoup</b>(CPB),<b>Ciena</b>(CIEN),<b>Genesco</b>(GCO),<b>Hormel</b> <b>Foods</b>(HRL),<b>JOANN</b>(JOAN),<b>Ollie’s Bargain Outlet</b>(OLLI),<b>SecureWorks</b>(SCWX),<b>Signet Jewelers</b>(SIG),<b>Sportsman&#39;s Warehouse</b>(SPWH),<b>Toro</b>(TTC),<b>Weibo</b>(WB)</p><p><b>Friday:</b><i>No notable reports scheduled for release.</i></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>Jobs in Focus after Hawkish Powell Speech: What to Know 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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJobs in Focus after Hawkish Powell Speech: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 06:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-week-ahead-retail-preview-august-28-203253255.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest monthly jobs report is this week’s main attraction as investors barrel into September.August employment data from the Labor Department is set for release at 8:30 a.m. ET Friday morning, and...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-week-ahead-retail-preview-august-28-203253255.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/stock-market-week-ahead-retail-preview-august-28-203253255.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164924578","content_text":"The latest monthly jobs report is this week’s main attraction as investors barrel into September.August employment data from the Labor Department is set for release at 8:30 a.m. ET Friday morning, and is expected to show another strong month for the U.S. labor market. Economists expect nonfarm payrolls rose by 300,000 in August, according to data from Bloomberg.The figure is likely to serve a key role in dictating the Federal Reserve’s next rate decision at its policy-setting meeting later this month. Investors will keep a close eye on jobs data after Fed Chair Jerome Powell asserted in ahawkish speech at the Jackson Hole symposium Fridayhe is willing to accept a softening labor market in exchange for mitigating inflation.Jerome Powell, chair of the Federal Reserve walks in Teton National Park where financial leaders from around the world gathered for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 26, 2022. REUTERS/Jim Urquhart“If there is a conflict in the Fed’s two mandates as they work to slow inflation, Chair Powell ranks price stability head and shoulders above maximum employment,” Jeff Klingelhofer, co-head of investments at Thornburg Investment Management said in a note on Friday.Powell’sremarks sent markets tumbling, with all three major averages settling at four-week lows on Friday.The Nasdaq plunged 3.9%, and the S&P 500 shed 3.3%, with both indexes logging their biggest one-day drops since June 13. The Dow Jones Industrial Average erased 1,000 points, or roughly 3% on Friday.“There will very likely be some softening of labor market conditions,” Powell said in his speech.“While higher interest rates, slower growth and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses,” Powell added. “These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.”Up until Friday, some market participants had expected the U.S. central bank may pivot in its monetary tightening plans, but Powell and other officials have pushed back on the possibility of notching down rate hikes this year.Inflation has shown signs of moderating, but continues to run sharply higher than the Federal Reserve’s target of 2%. Data from the Bureau of Economic Analysis on Friday showed consumer prices fell slightly last month, with headline PCE falling 0.1% between June and July, driven primarily by a 4.8% decline in energy prices. On a year-over-year basis, headline PCE rose 6.3% in July.David Malpass, president of the World Bank Group, looks on next to a stuffed grizzly bear at Teton National Park, where financial leaders from around the world gathered for the Jackson Hole Economic Symposium, outside Jackson, Wyoming, U.S., August 26, 2022. REUTERS/Jim UrquhartAnd core PCE, the Fed's preferred measure of inflation, rose 0.1% month-on-month in July and 4.6% from the prior year, marking the lowest annual increase since October 2021.Still, Powell indicated another “unusually large” rate hike was possible in September after the central bank raised rates by 75 basis points inJuneandJuly.\"Restoring price stability will likely require maintaining a restrictive policy stance for some time,\" Powell said. \"The historical record cautions strongly against prematurely loosening policy.”Elsewhere in labor market data,ADP will resume its private payrolls reportwith new a methodology on Wednesday after a temporary pause in June and July. Economists surveyed by Bloomberg expect the release to show 300,000 private payrolls were added in August.ADP's monthly private jobs report comes two days before the Labor Department releases its official jobs report. While the company’s print is an imperfect precursor to the government’s release, it offers a snapshot of job growth during the period.The Job Openings and Labor Turnover Survey (JOLTS), Challenger Job Cuts, and initial weekly jobless claims are also on the docket of employment data set for release this week.On the earnings front, the reporting season has largely wound down, but a few potentially market-moving results are still on tap. Traders will get figures from headliners including Best Buy (BBY), HP (HPQ), Big Lots (BIG), Chewy (CHWY), Lululemon Athletica (LULU), and Broadcom (AVGO).—Economic CalendarMonday:Dallas Fed Manufacturing Activity, August (-12.7 expected, -22.6 during prior month)Tuesday: FHFA House Pricing Index, month-over-month, June (0.8% expected, 1.4% during prior month);House Price Purchasing Index, quarter-over-quarter, Q2 (4.6% during prior quarter);S&P CoreLogic Case-Shiller 20-City Composite, month-over-month, June (0.90% expected, 1.32% during prior month);S&P CoreLogic Case-Shiller 20-City Composite, year-over-year, June (19.20% expected, 20.50% during prior month);S&P CoreLogic Case-Shiller U.S. National Home Price Index, year-over-year, June (19.75% during prior month);Conference Board Consumer Confidence, August (97.7 expected, 95.7 during prior month);JOLTS Job openings, July (10.475 million expected, 10.698 million during prior month)Wednesday: MBA Mortgage Applications, week ended August 26 (-1.2% during prior week);ADP Employment Change, August (300,000 expected);MNI Chicago PMI, August (52.5 expected, 52.1 during prior month)Thursday: Challenger Job Cuts, year-over-year, August (36.3% during prior month);Initial Jobless Claims, week ended August 27 (249,000 expected, 243,000 during prior week);Continuing Claims, week ended August 20 (1.450 million expected, 1.415 million during prior week);Nonfarm Productivity, Q1 final (-7.5% expected, 7.5% during prior month);S&P Global U.S. Composite PMI, August final (51.3 expected, 51.3 during prior month);Construction Spending, month-over-month, July (-0.1% expected, -1.1% during prior month);ISM Manufacturing, August (52.0 expected, 52.8 during prior month);ISM Prices Paid, March (60.0 during prior month);ISM New Orders, August (48.0 during prior month);ISM Employment, August (49.9 during prior month);WARDS Total Vehicle Sales, August (13.50 million expected, 13.35 million prior month)Friday: Nonfarm Payrolls, August (300,000 expected, 528,000 during prior month);Unemployment Rate, August (3.5% expected, 3.5% during prior month);Average Hourly Earnings, month-over-month, August (0.4% expected, 0.5% during prior month);Average Hourly Earnings, year-over-year, August (5.2% expected, 5.2% prior month);Average Weekly Hours All Employees, August (34.6 expected, 34.6 during prior month);Labor Force Participation Rate, August (62.2% expected, 62.1% during prior month);Underemployment Rate, August (6.7% during prior month);Factory Orders, July (0.2% expected, 2.0% during prior month);Durable Goods Orders, July final (0.0% expected, 0.0% during prior month);Durables excluding transportation, July final (0.3% expected, 0.3% during prior month);Non-defense capital goods orders excluding aircraft, July final (0.4% during prior month);Non-defense capital goods shipments excluding aircraft, July final (0.7% during prior month)—Earnings Calendar:Monday: Catalent(CTLT),SelectQuote(SLQT)Tuesday: Best Buy(BBY),HP(HPQ),Ambarella(AMBA),Baidu(BIDU),Big Lots(BIG),Chewy(CHWY)Conn's(CONN),CrowdStrike(CRWD),Hewlett Packard Enterprise(HPE),Photronics(PLAB)Wednesday:Anaplan(PLAN),Cooper(COO),DesignerBrands(DBI),Donaldson(DCI),FiveBelow(FIVE),MongoDB(MDB),Okta(OKTA),PureStorage(PSTG),Semtech(SMTC),VeevaSystems(VEEV),Vera Bradley(VRA)Thursday: LululemonAthletica(LULU),Broadcom(AVGO),CampbellSoup(CPB),Ciena(CIEN),Genesco(GCO),Hormel Foods(HRL),JOANN(JOAN),Ollie’s Bargain Outlet(OLLI),SecureWorks(SCWX),Signet Jewelers(SIG),Sportsman's Warehouse(SPWH),Toro(TTC),Weibo(WB)Friday:No notable reports scheduled for release.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1084,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994455746,"gmtCreate":1661679175387,"gmtModify":1676536560404,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994455746","repostId":"1161837457","repostType":4,"repost":{"id":"1161837457","kind":"news","pubTimestamp":1661645647,"share":"https://ttm.financial/m/news/1161837457?lang=en_US&edition=fundamental","pubTime":"2022-08-28 08:14","market":"us","language":"en","title":"Nvidia: Guidance Is A Game-Changer","url":"https://stock-news.laohu8.com/highlight/detail?id=1161837457","media":"Seeking Alpha","summary":"SummaryMassive slowdown in the Gaming business is affecting Nvidia’s revenue prospects.Revenue guida","content":"<html><head></head><body><p>Summary</p><ul><li>Massive slowdown in the Gaming business is affecting Nvidia’s revenue prospects.</li><li>Revenue guidance for FQ3 was a real shocker as the outlook underperformed estimates by $1.0B.</li><li>Nvidia’s FY 2023 revenue estimates are set for a major downward revision.</li></ul><p>Nvidia (NASDAQ:NVDA) finally released highly anticipated earnings for its second fiscal quarter of FY 2023. Part of the earnings report card was the outlook for Nvidia&#39;s third fiscal quarter, which was significantly worse than expected. Nvidia is seeing a massiveslowdown in its Gaming business due to weakening demand and pricing for graphics processing units which have supported the chip maker&#39;s results last year. Because of the size of the expected revenue drop-off in FQ3&#39;23, Nvidia&#39;s shares are likely set to correct further to the downside!</p><p><b>Nvidia&#39;s FQ2&#39;23 earnings card was as expected</b></p><p>Nvidia&#39;s second quarter results largely conformed with the release of preliminary results from the beginning of August. Nvidia guided for $6.7B in FQ2 revenues due to a 33% year-over-year top line decrease in the Gaming segment. Actual revenues for Nvidia&#39;s FQ2&#39;23 were indeed $6.7B, showing 3% growth year-over-year, but also a 19% drop-off compared to FQ1. Unfortunately, Nvidia&#39;s gross margins collapsed in the second fiscal quarter to 45.9%, showing a decrease of 21.1 PP quarter-over-quarter. The drop in revenues and gross margins was overwhelmingly caused by the Gaming segment which reported, as expected, a 44% quarter-over-quarter drop in revenues due toweakening demand for GPUs and declining pricing strengthfor Nvidia&#39;s graphic cards. Weakening pricing for GPUsalso affected AMDin the last quarter, but Nvidia is more reliant on GPU sales than AMD and therefore more affected than its rival by the slowdown in the industry.</p><p><img src=\"https://static.tigerbbs.com/9690c900cda9585b16d72361723e11ca\" tg-width=\"909\" tg-height=\"274\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Nvidia: Final FQ2&#39;23 Results</p><p>Nvidia&#39;s Data Center revenues soared 61% year-over-year to $3.8B in FQ2 due to growing customer uptake of Nvidia&#39;s computing platforms that support data analysis and allow for the managing and scaling of artificial intelligence applications. Nvidia&#39;s Data Center business, because of the slowdown in the GPU segment, pulled ahead of Nvidia&#39;s Gaming segment regarding revenue generation in FQ2.</p><p>While Nvidia&#39;s Gaming business saw the biggest slowdown, the firm&#39;s &#39;OEM and Other&#39; business -- which includes the sale of dedicated cryptocurrency mining processors/CMPs -- also slumped. Nvidia&#39;s CMPs are used by cryptocurrency miners to validate transactions for proof of work cryptocurrencies like Ethereum (ETH-USD).</p><p>Nvidia doesn&#39;t break out how much of its OEM revenues are related to CMP sales, but crashing cryptocurrency prices in 2022 have not been good for business, obviously. Nvidia generated just $140M of OEM and Other revenues in FQ2, showing a decline of 66% year-over-year, due chiefly to decelerating demand for dedicated cryptocurrency mining processors. For those reasons, I don&#39;t see Nvidia developing its CMP business into a multi-billion dollar revenue opportunity, aspredicted previously, in the near term.</p><p><img src=\"https://static.tigerbbs.com/021fa94ce8462c4eecb6cdfc173dd154\" tg-width=\"1058\" tg-height=\"578\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Nvidia: Segment Revenue Trends</p><p><b>Nightmarish guidance</b></p><p>The most important piece of new information in Nvidia&#39;s release was the outlook for FQ3. Nvidia expects revenues of $5.90B plus or minus $118M, which would mark another 12% quarter-over-quarter decrease in consolidated revenues, which comes on top of the 19% quarter-over-quarter drop in revenues in FQ2. On an annualized basis, FQ3 revenues are down 29% compared to the beginning of the year, which marks a massive slowdown in Nvidia&#39;s business. The revenue downgrade for FQ3 occurred as Nvidia expects the Gaming industry to adjust to lower GPU demand and work throughhigh inventory levels. Nvidia&#39;s revenue guidance of $5.9B for FQ3 compares to aconsensus FQ3 estimate of $6.9B, meaning actual guidance was a massive $1.0B below the most recent revenue prediction.</p><p>I expected a sequential down-turn in revenues, led by Gaming, and projected FQ3 revenues to be between $6.0B to $6.2B, which reflected a sequential decline of up to 10%. Apparently, the situation in the Gaming industry is even more serious for Nvidia than expected, and it will affect how the market generates revenue estimates and values the stock going forward.</p><h3>My expectations for Nvidia going forward</h3><p>I expect Nvidia to continue to expand its Data Center business as demand for cloud computing, AI applications and hyper-scale platforms is only going to grow. However, I expect growth in this segment to be overshadowed by continual declines and pricing weakness in the Gaming segment. Worldwide PC shipments are expected to decline 9.5% (according toGartner) in 2022, but I believe the drop could be even larger if a deeper US recession were to bite.</p><p>Since there is no short-term solution to getting rid of high inventories in the PC industry, I expect pricing weakness in the GPU market to weigh on Nvidia&#39;s revenue potential. I also expect the pricing trend for both NVIDIA&#39;s GeForce RTX 30 and AMD&#39;s Radeon RX 6000 to remain negative, with larger discounts to the manufacturer&#39;s suggested retail price possible. Nvidia&#39;s RTX 30 GPU was available at a 9% discount to MSRP in July. Given the high inventory levels in the PC market paired with a drop-off in GPU demand, I expect Nvidia&#39;s flagship graphics card to trade at even higher discount to the MSRP going forward.</p><p>Because of the headwinds in the Gaming business, I expect Nvidia to generate about $27B in full-year revenues in FY 2023 (down from $28B), which means the chip maker could see no year-over-year growth whatsoever this year.</p><p><img src=\"https://static.tigerbbs.com/297c23d10b4798c94de6cfa3ff793b91\" tg-width=\"1280\" tg-height=\"802\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NVDA Revenue (Quarterly YoY Growth) data by YCharts</p><p><b>Estimate and valuation risk</b></p><p>Nvidia&#39;s revenue estimates are now going to reset after the chip maker submitted a seriously bad guidance for its third fiscal quarter. As analysts incorporate Nvidia&#39;s FQ3&#39;23 revenue guidance into their projections, Nvidia is likely going to see a massive, broad-based reduction for its FY 2023 revenue predictions. Since lofty revenue expectations have been used to justify Nvidia&#39;s generous valuation, a reset of expectations has the potential to drive a downward revaluation of Nvidia&#39;s shares.</p><p>Nvidia&#39;s shares dropped 4.6% after regular trading yesterday and, I believe, the drop does not accurately reflect the seriousness of the sequential revenue downgrade. Nvidia currently has a P-S ratio of 12.2x, and if revenue estimates continue to fall, the valuation factor may even increase.</p><p><img src=\"https://static.tigerbbs.com/92263effbea15a27a9d0154ceff211d1\" tg-width=\"1280\" tg-height=\"852\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>NVDA Revenue Estimates for Current Fiscal Yeardata by YCharts</p><p><b>Other risks/considerations with Nvidia</b></p><p>I see two big risks for Nvidia at this point in time. The first one is that the slowdown in the GPU market may last for quite some time, meaning Nvidia may have to deal with slowing Gaming segment revenues for more than just one more quarter. This is because thePC market is in a declinewhich affects the shipment of Nvidia&#39;s GPUs. Secondly, revenue and earnings estimates, especially after the nightmarish guidance for FQ3&#39;23, will reflect a reset of growth expectations which in itself could lead Nvidia&#39;s shares into a new down-leg.</p><p><b>Final thoughts</b></p><p>Shares of Nvidia dropped 4.6% after the market closed, but I believe the sharpness of the expected revenue decline in FQ3 is not accurately reflected in this drop. The guidance truly is a game-changer because Nvidia&#39;s period of hyper-growth is ending.</p><p>Nvidia&#39;s outlook for FQ3&#39;23 revenues was $1.0B below expectations and the company is going through a major post-pandemic reset in the GPU market… which could affect Nvidia&#39;s valuation much more severely going forward. As estimates correct to the downside, Nvidia&#39;s valuation is set to experience more pressure!</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: Guidance Is A Game-Changer</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: Guidance Is A Game-Changer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-28 08:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4537353-nvidia-nvda-guidance-game-changer><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMassive slowdown in the Gaming business is affecting Nvidia’s revenue prospects.Revenue guidance for FQ3 was a real shocker as the outlook underperformed estimates by $1.0B.Nvidia’s FY 2023 ...</p>\n\n<a href=\"https://seekingalpha.com/article/4537353-nvidia-nvda-guidance-game-changer\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4537353-nvidia-nvda-guidance-game-changer","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161837457","content_text":"SummaryMassive slowdown in the Gaming business is affecting Nvidia’s revenue prospects.Revenue guidance for FQ3 was a real shocker as the outlook underperformed estimates by $1.0B.Nvidia’s FY 2023 revenue estimates are set for a major downward revision.Nvidia (NASDAQ:NVDA) finally released highly anticipated earnings for its second fiscal quarter of FY 2023. Part of the earnings report card was the outlook for Nvidia's third fiscal quarter, which was significantly worse than expected. Nvidia is seeing a massiveslowdown in its Gaming business due to weakening demand and pricing for graphics processing units which have supported the chip maker's results last year. Because of the size of the expected revenue drop-off in FQ3'23, Nvidia's shares are likely set to correct further to the downside!Nvidia's FQ2'23 earnings card was as expectedNvidia's second quarter results largely conformed with the release of preliminary results from the beginning of August. Nvidia guided for $6.7B in FQ2 revenues due to a 33% year-over-year top line decrease in the Gaming segment. Actual revenues for Nvidia's FQ2'23 were indeed $6.7B, showing 3% growth year-over-year, but also a 19% drop-off compared to FQ1. Unfortunately, Nvidia's gross margins collapsed in the second fiscal quarter to 45.9%, showing a decrease of 21.1 PP quarter-over-quarter. The drop in revenues and gross margins was overwhelmingly caused by the Gaming segment which reported, as expected, a 44% quarter-over-quarter drop in revenues due toweakening demand for GPUs and declining pricing strengthfor Nvidia's graphic cards. Weakening pricing for GPUsalso affected AMDin the last quarter, but Nvidia is more reliant on GPU sales than AMD and therefore more affected than its rival by the slowdown in the industry.Nvidia: Final FQ2'23 ResultsNvidia's Data Center revenues soared 61% year-over-year to $3.8B in FQ2 due to growing customer uptake of Nvidia's computing platforms that support data analysis and allow for the managing and scaling of artificial intelligence applications. Nvidia's Data Center business, because of the slowdown in the GPU segment, pulled ahead of Nvidia's Gaming segment regarding revenue generation in FQ2.While Nvidia's Gaming business saw the biggest slowdown, the firm's 'OEM and Other' business -- which includes the sale of dedicated cryptocurrency mining processors/CMPs -- also slumped. Nvidia's CMPs are used by cryptocurrency miners to validate transactions for proof of work cryptocurrencies like Ethereum (ETH-USD).Nvidia doesn't break out how much of its OEM revenues are related to CMP sales, but crashing cryptocurrency prices in 2022 have not been good for business, obviously. Nvidia generated just $140M of OEM and Other revenues in FQ2, showing a decline of 66% year-over-year, due chiefly to decelerating demand for dedicated cryptocurrency mining processors. For those reasons, I don't see Nvidia developing its CMP business into a multi-billion dollar revenue opportunity, aspredicted previously, in the near term.Nvidia: Segment Revenue TrendsNightmarish guidanceThe most important piece of new information in Nvidia's release was the outlook for FQ3. Nvidia expects revenues of $5.90B plus or minus $118M, which would mark another 12% quarter-over-quarter decrease in consolidated revenues, which comes on top of the 19% quarter-over-quarter drop in revenues in FQ2. On an annualized basis, FQ3 revenues are down 29% compared to the beginning of the year, which marks a massive slowdown in Nvidia's business. The revenue downgrade for FQ3 occurred as Nvidia expects the Gaming industry to adjust to lower GPU demand and work throughhigh inventory levels. Nvidia's revenue guidance of $5.9B for FQ3 compares to aconsensus FQ3 estimate of $6.9B, meaning actual guidance was a massive $1.0B below the most recent revenue prediction.I expected a sequential down-turn in revenues, led by Gaming, and projected FQ3 revenues to be between $6.0B to $6.2B, which reflected a sequential decline of up to 10%. Apparently, the situation in the Gaming industry is even more serious for Nvidia than expected, and it will affect how the market generates revenue estimates and values the stock going forward.My expectations for Nvidia going forwardI expect Nvidia to continue to expand its Data Center business as demand for cloud computing, AI applications and hyper-scale platforms is only going to grow. However, I expect growth in this segment to be overshadowed by continual declines and pricing weakness in the Gaming segment. Worldwide PC shipments are expected to decline 9.5% (according toGartner) in 2022, but I believe the drop could be even larger if a deeper US recession were to bite.Since there is no short-term solution to getting rid of high inventories in the PC industry, I expect pricing weakness in the GPU market to weigh on Nvidia's revenue potential. I also expect the pricing trend for both NVIDIA's GeForce RTX 30 and AMD's Radeon RX 6000 to remain negative, with larger discounts to the manufacturer's suggested retail price possible. Nvidia's RTX 30 GPU was available at a 9% discount to MSRP in July. Given the high inventory levels in the PC market paired with a drop-off in GPU demand, I expect Nvidia's flagship graphics card to trade at even higher discount to the MSRP going forward.Because of the headwinds in the Gaming business, I expect Nvidia to generate about $27B in full-year revenues in FY 2023 (down from $28B), which means the chip maker could see no year-over-year growth whatsoever this year.NVDA Revenue (Quarterly YoY Growth) data by YChartsEstimate and valuation riskNvidia's revenue estimates are now going to reset after the chip maker submitted a seriously bad guidance for its third fiscal quarter. As analysts incorporate Nvidia's FQ3'23 revenue guidance into their projections, Nvidia is likely going to see a massive, broad-based reduction for its FY 2023 revenue predictions. Since lofty revenue expectations have been used to justify Nvidia's generous valuation, a reset of expectations has the potential to drive a downward revaluation of Nvidia's shares.Nvidia's shares dropped 4.6% after regular trading yesterday and, I believe, the drop does not accurately reflect the seriousness of the sequential revenue downgrade. Nvidia currently has a P-S ratio of 12.2x, and if revenue estimates continue to fall, the valuation factor may even increase.NVDA Revenue Estimates for Current Fiscal Yeardata by YChartsOther risks/considerations with NvidiaI see two big risks for Nvidia at this point in time. The first one is that the slowdown in the GPU market may last for quite some time, meaning Nvidia may have to deal with slowing Gaming segment revenues for more than just one more quarter. This is because thePC market is in a declinewhich affects the shipment of Nvidia's GPUs. Secondly, revenue and earnings estimates, especially after the nightmarish guidance for FQ3'23, will reflect a reset of growth expectations which in itself could lead Nvidia's shares into a new down-leg.Final thoughtsShares of Nvidia dropped 4.6% after the market closed, but I believe the sharpness of the expected revenue decline in FQ3 is not accurately reflected in this drop. The guidance truly is a game-changer because Nvidia's period of hyper-growth is ending.Nvidia's outlook for FQ3'23 revenues was $1.0B below expectations and the company is going through a major post-pandemic reset in the GPU market… which could affect Nvidia's valuation much more severely going forward. As estimates correct to the downside, Nvidia's valuation is set to experience more pressure!","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":995,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994373159,"gmtCreate":1661569207873,"gmtModify":1676536543878,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994373159","repostId":"2262838921","repostType":4,"repost":{"id":"2262838921","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1661566425,"share":"https://ttm.financial/m/news/2262838921?lang=en_US&edition=fundamental","pubTime":"2022-08-27 10:13","market":"us","language":"en","title":"Powell's Policy Point: Inflation Must Be Beat, And It Won't Be Pretty","url":"https://stock-news.laohu8.com/highlight/detail?id=2262838921","media":"Dow Jones","summary":"When Federal Reserve Chairman Jerome Powell spoke Friday at the central bank's annual symposium in J","content":"<html><head></head><body><p>When Federal Reserve Chairman Jerome Powell spoke Friday at the central bank&#39;s annual symposium in Jackson Hole, Wyo., he didn&#39;t say anything exactly new. But in reinforcing his commitment to restoring price stability, the chairman sounded more resolute than he had in other recent public appearances. &#34;Today, my remarks will be shorter, my focus narrower, and my message more direct,&#34; he said, opening a speech that would last only minutes, mostly stick to the importance of the inflation fight, and highlight how his job is only getting harder.</p><p>&#34;Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone,&#34; Powell said, noting that higher interest rates, slower growth, and softer labor markets are the &#34;unfortunate costs of reducing inflation&#34; and will &#34;bring some pain to households and businesses.&#34;</p><p>Strategists agreed that Powell was forceful. In weighing the two legs of the dual mandate -- inflation and economic growth -- the Fed will decidedly come down in favor of reducing inflation, says Cliff Hodge, chief investment officer at Cornerstone Wealth. &#34;Powell can&#39;t come right out and say that the Fed is fine walking us right into recession in order to crush inflation, but that is what this messaging unequivocally implies.&#34;</p><p>Yet Powell is only starting to convince markets that he will do whatever it takes to beat inflation. Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, says a market fully expecting the Fed to follow through on its pledge would be down at least 20% this year. After Friday&#39;s fall of 2.5% in the S&amp;P 500, the index is off 14% in 2022. At the same time, traders on Friday shifted bets toward a half-point hike in September and away from a third consecutive three-quarter-point increase.</p><p>Aside from having to fight markets that have been fighting the Fed -- with summer stock market rallies helping to ease the very financial conditions the central bank is trying to tighten -- Powell has two particular forces working against him.</p><p>First, there is the job market.</p><p>In a report this past week, Piper Sandler economist Jake Oubina highlighted growing concerns over labor-force growth. He says that many positive postcrisis labor-force participation trends have sputtered and, in some cases, reversed. Prime-age participation has stalled at a level about 600,000 workers short of the pre-Covid tally. And the number of Americans not in the labor force who don&#39;t want a job rose to 19.9 million from 19.5 million over June and July; that&#39;s above the pre-Covid trend of about 19.1 million. In addition, the improvement in the labor-force participation rate among lower-skilled workers recently rolled over, Oubina observes.</p><p>Long Covid, or lingering negative effects of the virus, might explain some of the labor-supply problem. Oubina notes that the number of people out of the labor force because of disability is about one million above pre-Covid levels. A new report by Katie Bach at the Brookings Institution finds that around 16 million working-age Americans now have long Covid. Of those, Bach says, two million to four million are out of work, due to the condition. If the labor market is a main transmission mechanism of Fed policy, an acutely short labor supply complicates the picture and may mean labor demand must cool more than appreciated to take pressure off wages and prices.</p><p>The second force working against the Fed is fiscal policy.</p><p>President Joe Biden&#39;s student-debt forgiveness plan has ignited an economic debate, alongside a political one. Analysts at the University of Pennsylvania&#39;s Penn Wharton Budget Model say the plan will cost roughly $500 billion over a 10-year budget window. Relative to current law, (assuming that the interest moratorium that has been extended until the end of the year does end), the program will add about 0.2 to 0.3 of a percentage point to inflation, says Jason Furman, economics professor at Harvard University and head of former President Barack Obama&#39;s Council of Economic Advisers.</p><p>Melissa Kearney, an economics professor at the University of Maryland, says the debt-forgiveness policy will, by design, result in millions of households having more discretionary income. &#34;That is a boost to demand and thus pushes in the direction of rising prices,&#34; she says, adding that this will drive up the cost of higher education and loans going forward. She notes that Biden&#39;s announcement mentioned that the immediate forgiveness will be paired with more generous forgiveness terms on future loans, which &#34;essentially subsidizes the very sector whose ballooning pricing got so many people into this predicament.&#34; And it means that even more people will take out loans in the future, she says, further pushing up the costs of higher education.</p><p>In normal times, Furman&#39;s estimate wouldn&#39;t seem very significant and Kearney&#39;s points would be cause for longer-term concern, but not necessarily for losing sleep. Given how high inflation is now, however, it&#39;s a step in the wrong direction that undermines the central bank&#39;s efforts to cool demand and cure inflation.</p><p>The Fed does have something working in its favor, and it is the data. The latest indications of cooling prices came Friday, when the personal consumption expenditure index declined from its level a month earlier, slipping to a 6.3% year-over-year pace from 6.8% in June. The core versions, which back out food and energy and represent the Fed&#39;s favorite inflation measures, also moved in the right direction. From a year earlier, the core PCE fell to 4.6% from 4.8%, still well above the 2% target, but not nearly as elevated as the consumer price index. Separately on Friday, the University of Michigan revised its latest gauges of inflation expectations slightly lower, to 4.8% for the next year and 2.9% over the next five to 10 years. Powell says that the recent inflation cool-down is welcome, but not enough.</p><p>At this point, the forces working against the Fed outweigh those moving in the right direction. They are all the more reasons to believe Powell when he says that failing to fix inflation isn&#39;t an option, and they are reasons to believe policy might be even more painful than it would otherwise have to be.</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>Powell's Policy Point: Inflation Must Be Beat, And It Won't Be Pretty</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\">\nPowell's Policy Point: Inflation Must Be Beat, And It Won't Be Pretty\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-27 10:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>When Federal Reserve Chairman Jerome Powell spoke Friday at the central bank&#39;s annual symposium in Jackson Hole, Wyo., he didn&#39;t say anything exactly new. But in reinforcing his commitment to restoring price stability, the chairman sounded more resolute than he had in other recent public appearances. &#34;Today, my remarks will be shorter, my focus narrower, and my message more direct,&#34; he said, opening a speech that would last only minutes, mostly stick to the importance of the inflation fight, and highlight how his job is only getting harder.</p><p>&#34;Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone,&#34; Powell said, noting that higher interest rates, slower growth, and softer labor markets are the &#34;unfortunate costs of reducing inflation&#34; and will &#34;bring some pain to households and businesses.&#34;</p><p>Strategists agreed that Powell was forceful. In weighing the two legs of the dual mandate -- inflation and economic growth -- the Fed will decidedly come down in favor of reducing inflation, says Cliff Hodge, chief investment officer at Cornerstone Wealth. &#34;Powell can&#39;t come right out and say that the Fed is fine walking us right into recession in order to crush inflation, but that is what this messaging unequivocally implies.&#34;</p><p>Yet Powell is only starting to convince markets that he will do whatever it takes to beat inflation. Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, says a market fully expecting the Fed to follow through on its pledge would be down at least 20% this year. After Friday&#39;s fall of 2.5% in the S&amp;P 500, the index is off 14% in 2022. At the same time, traders on Friday shifted bets toward a half-point hike in September and away from a third consecutive three-quarter-point increase.</p><p>Aside from having to fight markets that have been fighting the Fed -- with summer stock market rallies helping to ease the very financial conditions the central bank is trying to tighten -- Powell has two particular forces working against him.</p><p>First, there is the job market.</p><p>In a report this past week, Piper Sandler economist Jake Oubina highlighted growing concerns over labor-force growth. He says that many positive postcrisis labor-force participation trends have sputtered and, in some cases, reversed. Prime-age participation has stalled at a level about 600,000 workers short of the pre-Covid tally. And the number of Americans not in the labor force who don&#39;t want a job rose to 19.9 million from 19.5 million over June and July; that&#39;s above the pre-Covid trend of about 19.1 million. In addition, the improvement in the labor-force participation rate among lower-skilled workers recently rolled over, Oubina observes.</p><p>Long Covid, or lingering negative effects of the virus, might explain some of the labor-supply problem. Oubina notes that the number of people out of the labor force because of disability is about one million above pre-Covid levels. A new report by Katie Bach at the Brookings Institution finds that around 16 million working-age Americans now have long Covid. Of those, Bach says, two million to four million are out of work, due to the condition. If the labor market is a main transmission mechanism of Fed policy, an acutely short labor supply complicates the picture and may mean labor demand must cool more than appreciated to take pressure off wages and prices.</p><p>The second force working against the Fed is fiscal policy.</p><p>President Joe Biden&#39;s student-debt forgiveness plan has ignited an economic debate, alongside a political one. Analysts at the University of Pennsylvania&#39;s Penn Wharton Budget Model say the plan will cost roughly $500 billion over a 10-year budget window. Relative to current law, (assuming that the interest moratorium that has been extended until the end of the year does end), the program will add about 0.2 to 0.3 of a percentage point to inflation, says Jason Furman, economics professor at Harvard University and head of former President Barack Obama&#39;s Council of Economic Advisers.</p><p>Melissa Kearney, an economics professor at the University of Maryland, says the debt-forgiveness policy will, by design, result in millions of households having more discretionary income. &#34;That is a boost to demand and thus pushes in the direction of rising prices,&#34; she says, adding that this will drive up the cost of higher education and loans going forward. She notes that Biden&#39;s announcement mentioned that the immediate forgiveness will be paired with more generous forgiveness terms on future loans, which &#34;essentially subsidizes the very sector whose ballooning pricing got so many people into this predicament.&#34; And it means that even more people will take out loans in the future, she says, further pushing up the costs of higher education.</p><p>In normal times, Furman&#39;s estimate wouldn&#39;t seem very significant and Kearney&#39;s points would be cause for longer-term concern, but not necessarily for losing sleep. Given how high inflation is now, however, it&#39;s a step in the wrong direction that undermines the central bank&#39;s efforts to cool demand and cure inflation.</p><p>The Fed does have something working in its favor, and it is the data. The latest indications of cooling prices came Friday, when the personal consumption expenditure index declined from its level a month earlier, slipping to a 6.3% year-over-year pace from 6.8% in June. The core versions, which back out food and energy and represent the Fed&#39;s favorite inflation measures, also moved in the right direction. From a year earlier, the core PCE fell to 4.6% from 4.8%, still well above the 2% target, but not nearly as elevated as the consumer price index. Separately on Friday, the University of Michigan revised its latest gauges of inflation expectations slightly lower, to 4.8% for the next year and 2.9% over the next five to 10 years. Powell says that the recent inflation cool-down is welcome, but not enough.</p><p>At this point, the forces working against the Fed outweigh those moving in the right direction. They are all the more reasons to believe Powell when he says that failing to fix inflation isn&#39;t an option, and they are reasons to believe policy might be even more painful than it would otherwise have to be.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262838921","content_text":"When Federal Reserve Chairman Jerome Powell spoke Friday at the central bank's annual symposium in Jackson Hole, Wyo., he didn't say anything exactly new. But in reinforcing his commitment to restoring price stability, the chairman sounded more resolute than he had in other recent public appearances. \"Today, my remarks will be shorter, my focus narrower, and my message more direct,\" he said, opening a speech that would last only minutes, mostly stick to the importance of the inflation fight, and highlight how his job is only getting harder.\"Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone,\" Powell said, noting that higher interest rates, slower growth, and softer labor markets are the \"unfortunate costs of reducing inflation\" and will \"bring some pain to households and businesses.\"Strategists agreed that Powell was forceful. In weighing the two legs of the dual mandate -- inflation and economic growth -- the Fed will decidedly come down in favor of reducing inflation, says Cliff Hodge, chief investment officer at Cornerstone Wealth. \"Powell can't come right out and say that the Fed is fine walking us right into recession in order to crush inflation, but that is what this messaging unequivocally implies.\"Yet Powell is only starting to convince markets that he will do whatever it takes to beat inflation. Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, says a market fully expecting the Fed to follow through on its pledge would be down at least 20% this year. After Friday's fall of 2.5% in the S&P 500, the index is off 14% in 2022. At the same time, traders on Friday shifted bets toward a half-point hike in September and away from a third consecutive three-quarter-point increase.Aside from having to fight markets that have been fighting the Fed -- with summer stock market rallies helping to ease the very financial conditions the central bank is trying to tighten -- Powell has two particular forces working against him.First, there is the job market.In a report this past week, Piper Sandler economist Jake Oubina highlighted growing concerns over labor-force growth. He says that many positive postcrisis labor-force participation trends have sputtered and, in some cases, reversed. Prime-age participation has stalled at a level about 600,000 workers short of the pre-Covid tally. And the number of Americans not in the labor force who don't want a job rose to 19.9 million from 19.5 million over June and July; that's above the pre-Covid trend of about 19.1 million. In addition, the improvement in the labor-force participation rate among lower-skilled workers recently rolled over, Oubina observes.Long Covid, or lingering negative effects of the virus, might explain some of the labor-supply problem. Oubina notes that the number of people out of the labor force because of disability is about one million above pre-Covid levels. A new report by Katie Bach at the Brookings Institution finds that around 16 million working-age Americans now have long Covid. Of those, Bach says, two million to four million are out of work, due to the condition. If the labor market is a main transmission mechanism of Fed policy, an acutely short labor supply complicates the picture and may mean labor demand must cool more than appreciated to take pressure off wages and prices.The second force working against the Fed is fiscal policy.President Joe Biden's student-debt forgiveness plan has ignited an economic debate, alongside a political one. Analysts at the University of Pennsylvania's Penn Wharton Budget Model say the plan will cost roughly $500 billion over a 10-year budget window. Relative to current law, (assuming that the interest moratorium that has been extended until the end of the year does end), the program will add about 0.2 to 0.3 of a percentage point to inflation, says Jason Furman, economics professor at Harvard University and head of former President Barack Obama's Council of Economic Advisers.Melissa Kearney, an economics professor at the University of Maryland, says the debt-forgiveness policy will, by design, result in millions of households having more discretionary income. \"That is a boost to demand and thus pushes in the direction of rising prices,\" she says, adding that this will drive up the cost of higher education and loans going forward. She notes that Biden's announcement mentioned that the immediate forgiveness will be paired with more generous forgiveness terms on future loans, which \"essentially subsidizes the very sector whose ballooning pricing got so many people into this predicament.\" And it means that even more people will take out loans in the future, she says, further pushing up the costs of higher education.In normal times, Furman's estimate wouldn't seem very significant and Kearney's points would be cause for longer-term concern, but not necessarily for losing sleep. Given how high inflation is now, however, it's a step in the wrong direction that undermines the central bank's efforts to cool demand and cure inflation.The Fed does have something working in its favor, and it is the data. The latest indications of cooling prices came Friday, when the personal consumption expenditure index declined from its level a month earlier, slipping to a 6.3% year-over-year pace from 6.8% in June. The core versions, which back out food and energy and represent the Fed's favorite inflation measures, also moved in the right direction. From a year earlier, the core PCE fell to 4.6% from 4.8%, still well above the 2% target, but not nearly as elevated as the consumer price index. Separately on Friday, the University of Michigan revised its latest gauges of inflation expectations slightly lower, to 4.8% for the next year and 2.9% over the next five to 10 years. Powell says that the recent inflation cool-down is welcome, but not enough.At this point, the forces working against the Fed outweigh those moving in the right direction. They are all the more reasons to believe Powell when he says that failing to fix inflation isn't an option, and they are reasons to believe policy might be even more painful than it would otherwise have to be.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":964,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994080291,"gmtCreate":1661531157816,"gmtModify":1676536536539,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994080291","repostId":"1131787080","repostType":4,"repost":{"id":"1131787080","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":1661526671,"share":"https://ttm.financial/m/news/1131787080?lang=en_US&edition=fundamental","pubTime":"2022-08-26 23:11","market":"us","language":"en","title":"Full Speech By Federal Reserve Chair Powell on Monetary Policy and Price Stability","url":"https://stock-news.laohu8.com/highlight/detail?id=1131787080","media":"Tiger Newspress","summary":"Monetary Policy and Price StabilityChair Jerome H. PowellAt “Reassessing Constraints on the Economy and Policy,” an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jack","content":"<html><head></head><body><p><b><i>Monetary Policy and Price Stability</i></b></p><p>Chair Jerome H. Powell</p><p>At “Reassessing Constraints on the Economy and Policy,” an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming</p><p>Thank you for the opportunity to speak here today.</p><p>At past Jackson Hole conferences, I have discussed broad topics such as the ever-changing structure of the economy and the challenges of conducting monetary policy under high uncertainty. Today, my remarks will be shorter, my focus narrower, and my message more direct.</p><p>The Federal Open Market Committee&#39;s (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all. The burdens of high inflation fall heaviest on those who are least able to bear them.</p><p>Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.</p><p>The U.S. economy is clearly slowing from the historically high growth rates of 2021, which reflected the reopening of the economy following the pandemic recession. While the latest economic data have been mixed, in my view our economy continues to show strong underlying momentum. The labor market is particularly strong, but it is clearly out of balance, with demand for workers substantially exceeding the supply of available workers. Inflation is running well above 2 percent, and high inflation has continued to spread through the economy. While the lower inflation readings for July are welcome, a single month&#39;s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.</p><p>We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2 percent. At our most recent meeting in July, the FOMC raised the target range for the federal funds rate to 2.25 to 2.5 percent, which is in the Summary of Economic Projection&#39;s (SEP) range of estimates of where the federal funds rate is projected to settle in the longer run. In current circumstances, with inflation running far above 2 percent and the labor market extremely tight, estimates of longer-run neutral are not a place to stop or pause.</p><p>July&#39;s increase in the target range was the second 75 basis point increase in as many meetings, and I said then that another unusually large increase could be appropriate at our next meeting. We are now about halfway through the intermeeting period. Our decision at the September meeting will depend on the totality of the incoming data and the evolving outlook. At some point, as the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases.</p><p>Restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy. Committee participants&#39; most recent individual projections from the June SEP showed the median federal funds rate running slightly below 4 percent through the end of 2023. Participants will update their projections at the September meeting.</p><p>Our monetary policy deliberations and decisions build on what we have learned about inflation dynamics both from the high and volatile inflation of the 1970s and 1980s, and from the low and stable inflation of the past quarter-century. In particular, we are drawing on three important lessons.</p><p>The first lesson is that central banks<i>can</i>and<i>should</i>take responsibility for delivering low and stable inflation. It may seem strange now that central bankers and others once needed convincing on these two fronts, but as former Chairman Ben Bernanke has shown, both propositions were widely questioned during the Great Inflation period.1Today, we regard these questions as settled. Our responsibility to deliver price stability is unconditional. It is true that the current high inflation is a global phenomenon, and that many economies around the world face inflation as high or higher than seen here in the United States. It is also true, in my view, that the current high inflation in the United States is the product of strong demand and constrained supply, and that the Fed&#39;s tools work principally on aggregate demand. None of this diminishes the Federal Reserve&#39;s responsibility to carry out our assigned task of achieving price stability. There is clearly a job to do in moderating demand to better align with supply. We are committed to doing that job.</p><p>The second lesson is that the public&#39;s expectations about future inflation can play an important role in setting the path of inflation over time. Today, by many measures, longer-term inflation expectations appear to remain well anchored. That is broadly true of surveys of households, businesses, and forecasters, and of market-based measures as well. But that is not grounds for complacency, with inflation having run well above our goal for some time.</p><p>If the public expects that inflation will remain low and stable over time, then, absent major shocks, it likely will. Unfortunately, the same is true of expectations of high and volatile inflation. During the 1970s, as inflation climbed, the anticipation of high inflation became entrenched in the economic decisionmaking of households and businesses. The more inflation rose, the more people came to expect it to remain high, and they built that belief into wage and pricing decisions. As former Chairman Paul Volcker put it at the height of the Great Inflation in 1979, &#34;Inflation feeds in part on itself, so part of the job of returning to a more stable and more productive economy must be to break the grip of inflationary expectations.&#34;2</p><p>One useful insight into how actual inflation may affect expectations about its future path is based in the concept of &#34;rational inattention.&#34;3When inflation is persistently high, households and businesses must pay close attention and incorporate inflation into their economic decisions. When inflation is low and stable, they are freer to focus their attention elsewhere. Former Chairman Alan Greenspan put it this way: &#34;For all practical purposes, price stability means that expected changes in the average price level are small enough and gradual enough that they do not materially enter business and household financial decisions.&#34;4</p><p>Of course, inflation has just about everyone&#39;s attention right now, which highlights a particular risk today: The longer the current bout of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched.</p><p>That brings me to the third lesson, which is that we must keep at it until the job is done. History shows that the employment costs of bringing down inflation are likely to increase with delay, as high inflation becomes more entrenched in wage and price setting. The successful Volcker disinflation in the early 1980s followed multiple failed attempts to lower inflation over the previous 15 years. A lengthy period of very restrictive monetary policy was ultimately needed to stem the high inflation and start the process of getting inflation down to the low and stable levels that were the norm until the spring of last year. Our aim is to avoid that outcome by acting with resolve now.</p><p>These lessons are guiding us as we use our tools to bring inflation down. We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anchored. We will keep at it until we are confident the job is done.</p><p></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 Speech By Federal Reserve Chair Powell on Monetary Policy and Price Stability</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 Speech By Federal Reserve Chair Powell on Monetary Policy and Price Stability\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\">2022-08-26 23:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><b><i>Monetary Policy and Price Stability</i></b></p><p>Chair Jerome H. Powell</p><p>At “Reassessing Constraints on the Economy and Policy,” an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming</p><p>Thank you for the opportunity to speak here today.</p><p>At past Jackson Hole conferences, I have discussed broad topics such as the ever-changing structure of the economy and the challenges of conducting monetary policy under high uncertainty. Today, my remarks will be shorter, my focus narrower, and my message more direct.</p><p>The Federal Open Market Committee&#39;s (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all. The burdens of high inflation fall heaviest on those who are least able to bear them.</p><p>Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.</p><p>The U.S. economy is clearly slowing from the historically high growth rates of 2021, which reflected the reopening of the economy following the pandemic recession. While the latest economic data have been mixed, in my view our economy continues to show strong underlying momentum. The labor market is particularly strong, but it is clearly out of balance, with demand for workers substantially exceeding the supply of available workers. Inflation is running well above 2 percent, and high inflation has continued to spread through the economy. While the lower inflation readings for July are welcome, a single month&#39;s improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.</p><p>We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2 percent. At our most recent meeting in July, the FOMC raised the target range for the federal funds rate to 2.25 to 2.5 percent, which is in the Summary of Economic Projection&#39;s (SEP) range of estimates of where the federal funds rate is projected to settle in the longer run. In current circumstances, with inflation running far above 2 percent and the labor market extremely tight, estimates of longer-run neutral are not a place to stop or pause.</p><p>July&#39;s increase in the target range was the second 75 basis point increase in as many meetings, and I said then that another unusually large increase could be appropriate at our next meeting. We are now about halfway through the intermeeting period. Our decision at the September meeting will depend on the totality of the incoming data and the evolving outlook. At some point, as the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases.</p><p>Restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy. Committee participants&#39; most recent individual projections from the June SEP showed the median federal funds rate running slightly below 4 percent through the end of 2023. Participants will update their projections at the September meeting.</p><p>Our monetary policy deliberations and decisions build on what we have learned about inflation dynamics both from the high and volatile inflation of the 1970s and 1980s, and from the low and stable inflation of the past quarter-century. In particular, we are drawing on three important lessons.</p><p>The first lesson is that central banks<i>can</i>and<i>should</i>take responsibility for delivering low and stable inflation. It may seem strange now that central bankers and others once needed convincing on these two fronts, but as former Chairman Ben Bernanke has shown, both propositions were widely questioned during the Great Inflation period.1Today, we regard these questions as settled. Our responsibility to deliver price stability is unconditional. It is true that the current high inflation is a global phenomenon, and that many economies around the world face inflation as high or higher than seen here in the United States. It is also true, in my view, that the current high inflation in the United States is the product of strong demand and constrained supply, and that the Fed&#39;s tools work principally on aggregate demand. None of this diminishes the Federal Reserve&#39;s responsibility to carry out our assigned task of achieving price stability. There is clearly a job to do in moderating demand to better align with supply. We are committed to doing that job.</p><p>The second lesson is that the public&#39;s expectations about future inflation can play an important role in setting the path of inflation over time. Today, by many measures, longer-term inflation expectations appear to remain well anchored. That is broadly true of surveys of households, businesses, and forecasters, and of market-based measures as well. But that is not grounds for complacency, with inflation having run well above our goal for some time.</p><p>If the public expects that inflation will remain low and stable over time, then, absent major shocks, it likely will. Unfortunately, the same is true of expectations of high and volatile inflation. During the 1970s, as inflation climbed, the anticipation of high inflation became entrenched in the economic decisionmaking of households and businesses. The more inflation rose, the more people came to expect it to remain high, and they built that belief into wage and pricing decisions. As former Chairman Paul Volcker put it at the height of the Great Inflation in 1979, &#34;Inflation feeds in part on itself, so part of the job of returning to a more stable and more productive economy must be to break the grip of inflationary expectations.&#34;2</p><p>One useful insight into how actual inflation may affect expectations about its future path is based in the concept of &#34;rational inattention.&#34;3When inflation is persistently high, households and businesses must pay close attention and incorporate inflation into their economic decisions. When inflation is low and stable, they are freer to focus their attention elsewhere. Former Chairman Alan Greenspan put it this way: &#34;For all practical purposes, price stability means that expected changes in the average price level are small enough and gradual enough that they do not materially enter business and household financial decisions.&#34;4</p><p>Of course, inflation has just about everyone&#39;s attention right now, which highlights a particular risk today: The longer the current bout of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched.</p><p>That brings me to the third lesson, which is that we must keep at it until the job is done. History shows that the employment costs of bringing down inflation are likely to increase with delay, as high inflation becomes more entrenched in wage and price setting. The successful Volcker disinflation in the early 1980s followed multiple failed attempts to lower inflation over the previous 15 years. A lengthy period of very restrictive monetary policy was ultimately needed to stem the high inflation and start the process of getting inflation down to the low and stable levels that were the norm until the spring of last year. Our aim is to avoid that outcome by acting with resolve now.</p><p>These lessons are guiding us as we use our tools to bring inflation down. We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anchored. We will keep at it until we are confident the job is done.</p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131787080","content_text":"Monetary Policy and Price StabilityChair Jerome H. PowellAt “Reassessing Constraints on the Economy and Policy,” an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, WyomingThank you for the opportunity to speak here today.At past Jackson Hole conferences, I have discussed broad topics such as the ever-changing structure of the economy and the challenges of conducting monetary policy under high uncertainty. Today, my remarks will be shorter, my focus narrower, and my message more direct.The Federal Open Market Committee's (FOMC) overarching focus right now is to bring inflation back down to our 2 percent goal. Price stability is the responsibility of the Federal Reserve and serves as the bedrock of our economy. Without price stability, the economy does not work for anyone. In particular, without price stability, we will not achieve a sustained period of strong labor market conditions that benefit all. The burdens of high inflation fall heaviest on those who are least able to bear them.Restoring price stability will take some time and requires using our tools forcefully to bring demand and supply into better balance. Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions. While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses. These are the unfortunate costs of reducing inflation. But a failure to restore price stability would mean far greater pain.The U.S. economy is clearly slowing from the historically high growth rates of 2021, which reflected the reopening of the economy following the pandemic recession. While the latest economic data have been mixed, in my view our economy continues to show strong underlying momentum. The labor market is particularly strong, but it is clearly out of balance, with demand for workers substantially exceeding the supply of available workers. Inflation is running well above 2 percent, and high inflation has continued to spread through the economy. While the lower inflation readings for July are welcome, a single month's improvement falls far short of what the Committee will need to see before we are confident that inflation is moving down.We are moving our policy stance purposefully to a level that will be sufficiently restrictive to return inflation to 2 percent. At our most recent meeting in July, the FOMC raised the target range for the federal funds rate to 2.25 to 2.5 percent, which is in the Summary of Economic Projection's (SEP) range of estimates of where the federal funds rate is projected to settle in the longer run. In current circumstances, with inflation running far above 2 percent and the labor market extremely tight, estimates of longer-run neutral are not a place to stop or pause.July's increase in the target range was the second 75 basis point increase in as many meetings, and I said then that another unusually large increase could be appropriate at our next meeting. We are now about halfway through the intermeeting period. Our decision at the September meeting will depend on the totality of the incoming data and the evolving outlook. At some point, as the stance of monetary policy tightens further, it likely will become appropriate to slow the pace of increases.Restoring price stability will likely require maintaining a restrictive policy stance for some time. The historical record cautions strongly against prematurely loosening policy. Committee participants' most recent individual projections from the June SEP showed the median federal funds rate running slightly below 4 percent through the end of 2023. Participants will update their projections at the September meeting.Our monetary policy deliberations and decisions build on what we have learned about inflation dynamics both from the high and volatile inflation of the 1970s and 1980s, and from the low and stable inflation of the past quarter-century. In particular, we are drawing on three important lessons.The first lesson is that central bankscanandshouldtake responsibility for delivering low and stable inflation. It may seem strange now that central bankers and others once needed convincing on these two fronts, but as former Chairman Ben Bernanke has shown, both propositions were widely questioned during the Great Inflation period.1Today, we regard these questions as settled. Our responsibility to deliver price stability is unconditional. It is true that the current high inflation is a global phenomenon, and that many economies around the world face inflation as high or higher than seen here in the United States. It is also true, in my view, that the current high inflation in the United States is the product of strong demand and constrained supply, and that the Fed's tools work principally on aggregate demand. None of this diminishes the Federal Reserve's responsibility to carry out our assigned task of achieving price stability. There is clearly a job to do in moderating demand to better align with supply. We are committed to doing that job.The second lesson is that the public's expectations about future inflation can play an important role in setting the path of inflation over time. Today, by many measures, longer-term inflation expectations appear to remain well anchored. That is broadly true of surveys of households, businesses, and forecasters, and of market-based measures as well. But that is not grounds for complacency, with inflation having run well above our goal for some time.If the public expects that inflation will remain low and stable over time, then, absent major shocks, it likely will. Unfortunately, the same is true of expectations of high and volatile inflation. During the 1970s, as inflation climbed, the anticipation of high inflation became entrenched in the economic decisionmaking of households and businesses. The more inflation rose, the more people came to expect it to remain high, and they built that belief into wage and pricing decisions. As former Chairman Paul Volcker put it at the height of the Great Inflation in 1979, \"Inflation feeds in part on itself, so part of the job of returning to a more stable and more productive economy must be to break the grip of inflationary expectations.\"2One useful insight into how actual inflation may affect expectations about its future path is based in the concept of \"rational inattention.\"3When inflation is persistently high, households and businesses must pay close attention and incorporate inflation into their economic decisions. When inflation is low and stable, they are freer to focus their attention elsewhere. Former Chairman Alan Greenspan put it this way: \"For all practical purposes, price stability means that expected changes in the average price level are small enough and gradual enough that they do not materially enter business and household financial decisions.\"4Of course, inflation has just about everyone's attention right now, which highlights a particular risk today: The longer the current bout of high inflation continues, the greater the chance that expectations of higher inflation will become entrenched.That brings me to the third lesson, which is that we must keep at it until the job is done. History shows that the employment costs of bringing down inflation are likely to increase with delay, as high inflation becomes more entrenched in wage and price setting. The successful Volcker disinflation in the early 1980s followed multiple failed attempts to lower inflation over the previous 15 years. A lengthy period of very restrictive monetary policy was ultimately needed to stem the high inflation and start the process of getting inflation down to the low and stable levels that were the norm until the spring of last year. Our aim is to avoid that outcome by acting with resolve now.These lessons are guiding us as we use our tools to bring inflation down. We are taking forceful and rapid steps to moderate demand so that it comes into better alignment with supply, and to keep inflation expectations anchored. We will keep at it until we are confident the job is done.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995399899,"gmtCreate":1661403251314,"gmtModify":1676536512856,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995399899","repostId":"1172569376","repostType":4,"repost":{"id":"1172569376","kind":"news","pubTimestamp":1661399948,"share":"https://ttm.financial/m/news/1172569376?lang=en_US&edition=fundamental","pubTime":"2022-08-25 11:59","market":"us","language":"en","title":"Nvidia: Disaster Guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=1172569376","media":"Seeking Alpha","summary":"SummaryNvidia reported its second quarter earnings, missing estimates.Nvidia's Q3 guidance is more i","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Nvidia reported its second quarter earnings, missing estimates.</li><li>Nvidia&#39;s Q3 guidance is more important, however. Unfortunately, that guidance was horrendous.</li><li>Nvidia is a quality company and well-positioned in the long run. But near-term issues and a too-high valuation make me stay away for now.</li></ul><p><b>Article Thesis</b></p><p>Nvidia Corporation (NASDAQ:NVDA) has just reported its most recent quarterly results. Profits were below expectations, but overall, results were more or less in line with what the market had anticipated, as Nvidia had pre-announced some of its results not too long ago.</p><p>The company&#39;s guidance for the current quarter is much worse than expected, however. Nvidia is clearly feeling hefty pressure from the current crypto winter, and it seems questionable to pay $170 or more per share of Nvidia in the current environment.</p><p><b>Q2 Was Worse Than Expected</b></p><p>Nvidia had pre-announced its revenue results for the second quarter earlier, thus there was no major surprise there - analysts adjusted their models accordingly, and Nvidia met the consensus estimate:</p><p><img src=\"https://static.tigerbbs.com/1c716ed40d45d1089f6ca834756f1e12\" tg-width=\"640\" tg-height=\"123\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>But the company nevertheless missed estimates, as margin compression was worse than expected. In fact, Nvidia saw its gross margin drop massively, showcased by the following table:</p><p><img src=\"https://static.tigerbbs.com/a7f7f877afef390846c2b1ff5b54cef9\" tg-width=\"624\" tg-height=\"430\" referrerpolicy=\"no-referrer\"/></p><p>Seeking Alpha</p><p>The company&#39;s gross margin dropped from a very attractive 67% to a much less attractive 46% over the last year, almost being cut in half. A 46% gross margin isn&#39;t disastrous in absolute terms, but the hefty margin drop naturally has a huge impact on Nvidia&#39;s profitability.</p><p>Nvidia was widely regarded as a high-end semiconductor company that was able to generate very strong margins due to its excellent product quality. But at least for now, that has apparently ended, as its gross margin is far lower than what we have gotten used to in recent years.</p><p>At the same time, Nvidia also saw its operating expenses explode upwards. This includes research and development, sales, but also administrative costs. WhileNvidia was able to grow its revenue by 3% year over year, operating expenses somehow rose by almost 40% - or around<i>13x as much</i> as the company&#39;s revenue. That is pretty bad, and it is not clear why that happened. Higher R&amp;D expenses aren&#39;t bad per se, at least if those result in strong products that improve the longer-term growth outlook.</p><p>But for a growth company like Nvidia, investors generally want to see operating leverage, meaning operating expenses grow less than revenue and gross profit, as this allows a company to grow its profits faster than its sales. The complete opposite of that happened here, as gross margins dropped severely while operating costs rose much more than Nvidia&#39;s sales and gross profit. The steep profit decline of more than 50% is the logical consequence of that ill-timed increase in Nvidia&#39;s operating expenses.</p><p>With earnings per share at $0.50 for the quarter, Nvidia&#39;s EPS is running at a $2 annual rate. That will most likely drop even further in Q3, as indicated by the pretty weak forward guidance (more on that later). Profits are now back at the level seen in early 2020 when earnings per share were in the $0.50 range as well. It&#39;s important to note that Nvidia was trading at as low as $50 back then, whereas Nvidia is trading at $170 right here -- or more than 80x the Q2 earnings run rate.</p><p>These areNvidia&#39;s non-GAAP results, where items such as share-based compensation are already backed out. GAAP profitability was even worse, as GAAP earnings per share came in at $0.26 -- or around $1 annualized, for a 170x earnings multiple. That&#39;s quite expensive for a company with a 3% top-line growth rate.</p><p><b>Nvidia&#39;s Forward Guidance Is Horrendous</b></p><p>I want to note first that I do believe that Nvidia is a quality company with a positive long-term outlook, thanks to its strong position in growth markets such as AI, autonomous driving, etc. I also want to note that I have been a bull on Nvidia in the past, and shares are up since my last bullish article. But when the facts change and the underlying performance is much worse than previously thought, then it makes sense to reflect one&#39;s formerly bullish stance.</p><p>Nvidia&#39;s guidance for the current quarter, Q3, was very bad. The company is forecasting revenues of $5.9 billion for the period, which is not only $1 billion or 15% below the current consensus estimate, but which also indicates a revenue decline of 16.9% versus last year&#39;s Q3 revenue of $7.1 billion. That is comparable to Intel&#39;s (INTC) revenue decline during the most recent quarter, as Intel reported a drop of 17.3% in its top line for the period. In other words, Nvidia is forecasting a revenue drop that is comparable to the one Intel has just reported -- the huge difference is that Intel trades at 2.1x forward sales, whereas Nvidia trades at 15x forward sales, which is a 600% premium relative to how Intel is valued.</p><p>There are good arguments for Nvidia to trade at a premium versus Intel, such as its stronger position in the fast-growing data center market, where Nvidia saw its revenue rise by 60% in Q2, while Intel&#39;s data center dropped. But whether it makes sense for Nvidia to trade at a 600% premium on a sales basis, relative to Intel, while both are seeing their revenues drop, is highly questionable, I believe.</p><p>What&#39;s the explanation for the hefty revenue decline that Nvidia forecasts for the current quarter? It&#39;s not the overall semiconductor market, that&#39;s pretty clear, as the World Semiconductor Trade Statistics, or WSTS, has just announced that overall semiconductor revenues would climb 14% in 2022. WhenNvidia&#39;s revenues are falling by double-digits, while the broad semiconductor industry is growing by double-digits, then there must be other factors at work. In Nvidia&#39;s case, that&#39;s the current crypto winter. WhileNvidia&#39;s chips were useless for Bitcoin mining, they were excellent for Ethereum mining due to the algorithm Ethereum uses, which is very GPU-friendly. With crypto prices plunging in 2022, Nvidia is feeling pressure due to two reasons.</p><p>First, the company can sell fewer chips to crypto miners, as Ethereum mining has become less profitable, which is why demand dropped. At the same time, less demand by crypto miners results in a looser supply-demand picture, which leads to price declines for GPUs. This is further accelerated by the fact that some crypto miners are selling the GPUs they own on secondary markets, which further pressures pricing for new GPUs.</p><p>Due to the current crypto winter, Nvidia is thus feeling a double hit from lower sales volumes and lower average margins. That&#39;s luckily partially made up by the strong performance in other areas, such as data centers. But as the weak guidance for the current quarter shows, Nvidia is not able to fully offset the headwinds from the weak crypto environment. It thus looks like investors have to come to terms with the fact that Nvidia&#39;s strong underlying performance was at least partially driven by crypto enthusiasm. Now that crypto has been in a downtrend for some time, that former tailwind is turning into a headwind.</p><p><b>What&#39;s The Outlook?</b></p><p>In the very long term, Nvidia will still be a solid growth company, I believe. Data center demand will continue to grow. Autonomous driving is a long-term megatrend that will lead to rising demand for Nvidia&#39;s Hyperion platform and similar products. But in the near term, the outlook is far from great.</p><p>SinceNvidia is trading at a pretty high valuation of 46x forward earnings, even before those earnings estimates have declined due to the weaker-than-expected Q3 guidance, I do not believe that Nvidia is a great investment at current prices. There are other semiconductor companies with way better near-term growth outlooks that trade at less than halfNvidia&#39;s earnings multiple, such as AMD (AMD), Broadcom (AVGO), Qualcomm (QCOM), and so on. With those picks being available today, I do not see a great reason to buy Nvidia right now. The long-term outlook is positive, but the near-term issues and too-high valuation make me stay away for now.</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: Disaster Guidance</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: Disaster Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-25 11:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4536839-nvidia-disaster-guidance?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNvidia reported its second quarter earnings, missing estimates.Nvidia's Q3 guidance is more important, however. Unfortunately, that guidance was horrendous.Nvidia is a quality company and well-...</p>\n\n<a href=\"https://seekingalpha.com/article/4536839-nvidia-disaster-guidance?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4536839-nvidia-disaster-guidance?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172569376","content_text":"SummaryNvidia reported its second quarter earnings, missing estimates.Nvidia's Q3 guidance is more important, however. Unfortunately, that guidance was horrendous.Nvidia is a quality company and well-positioned in the long run. But near-term issues and a too-high valuation make me stay away for now.Article ThesisNvidia Corporation (NASDAQ:NVDA) has just reported its most recent quarterly results. Profits were below expectations, but overall, results were more or less in line with what the market had anticipated, as Nvidia had pre-announced some of its results not too long ago.The company's guidance for the current quarter is much worse than expected, however. Nvidia is clearly feeling hefty pressure from the current crypto winter, and it seems questionable to pay $170 or more per share of Nvidia in the current environment.Q2 Was Worse Than ExpectedNvidia had pre-announced its revenue results for the second quarter earlier, thus there was no major surprise there - analysts adjusted their models accordingly, and Nvidia met the consensus estimate:Seeking AlphaBut the company nevertheless missed estimates, as margin compression was worse than expected. In fact, Nvidia saw its gross margin drop massively, showcased by the following table:Seeking AlphaThe company's gross margin dropped from a very attractive 67% to a much less attractive 46% over the last year, almost being cut in half. A 46% gross margin isn't disastrous in absolute terms, but the hefty margin drop naturally has a huge impact on Nvidia's profitability.Nvidia was widely regarded as a high-end semiconductor company that was able to generate very strong margins due to its excellent product quality. But at least for now, that has apparently ended, as its gross margin is far lower than what we have gotten used to in recent years.At the same time, Nvidia also saw its operating expenses explode upwards. This includes research and development, sales, but also administrative costs. WhileNvidia was able to grow its revenue by 3% year over year, operating expenses somehow rose by almost 40% - or around13x as much as the company's revenue. That is pretty bad, and it is not clear why that happened. Higher R&D expenses aren't bad per se, at least if those result in strong products that improve the longer-term growth outlook.But for a growth company like Nvidia, investors generally want to see operating leverage, meaning operating expenses grow less than revenue and gross profit, as this allows a company to grow its profits faster than its sales. The complete opposite of that happened here, as gross margins dropped severely while operating costs rose much more than Nvidia's sales and gross profit. The steep profit decline of more than 50% is the logical consequence of that ill-timed increase in Nvidia's operating expenses.With earnings per share at $0.50 for the quarter, Nvidia's EPS is running at a $2 annual rate. That will most likely drop even further in Q3, as indicated by the pretty weak forward guidance (more on that later). Profits are now back at the level seen in early 2020 when earnings per share were in the $0.50 range as well. It's important to note that Nvidia was trading at as low as $50 back then, whereas Nvidia is trading at $170 right here -- or more than 80x the Q2 earnings run rate.These areNvidia's non-GAAP results, where items such as share-based compensation are already backed out. GAAP profitability was even worse, as GAAP earnings per share came in at $0.26 -- or around $1 annualized, for a 170x earnings multiple. That's quite expensive for a company with a 3% top-line growth rate.Nvidia's Forward Guidance Is HorrendousI want to note first that I do believe that Nvidia is a quality company with a positive long-term outlook, thanks to its strong position in growth markets such as AI, autonomous driving, etc. I also want to note that I have been a bull on Nvidia in the past, and shares are up since my last bullish article. But when the facts change and the underlying performance is much worse than previously thought, then it makes sense to reflect one's formerly bullish stance.Nvidia's guidance for the current quarter, Q3, was very bad. The company is forecasting revenues of $5.9 billion for the period, which is not only $1 billion or 15% below the current consensus estimate, but which also indicates a revenue decline of 16.9% versus last year's Q3 revenue of $7.1 billion. That is comparable to Intel's (INTC) revenue decline during the most recent quarter, as Intel reported a drop of 17.3% in its top line for the period. In other words, Nvidia is forecasting a revenue drop that is comparable to the one Intel has just reported -- the huge difference is that Intel trades at 2.1x forward sales, whereas Nvidia trades at 15x forward sales, which is a 600% premium relative to how Intel is valued.There are good arguments for Nvidia to trade at a premium versus Intel, such as its stronger position in the fast-growing data center market, where Nvidia saw its revenue rise by 60% in Q2, while Intel's data center dropped. But whether it makes sense for Nvidia to trade at a 600% premium on a sales basis, relative to Intel, while both are seeing their revenues drop, is highly questionable, I believe.What's the explanation for the hefty revenue decline that Nvidia forecasts for the current quarter? It's not the overall semiconductor market, that's pretty clear, as the World Semiconductor Trade Statistics, or WSTS, has just announced that overall semiconductor revenues would climb 14% in 2022. WhenNvidia's revenues are falling by double-digits, while the broad semiconductor industry is growing by double-digits, then there must be other factors at work. In Nvidia's case, that's the current crypto winter. WhileNvidia's chips were useless for Bitcoin mining, they were excellent for Ethereum mining due to the algorithm Ethereum uses, which is very GPU-friendly. With crypto prices plunging in 2022, Nvidia is feeling pressure due to two reasons.First, the company can sell fewer chips to crypto miners, as Ethereum mining has become less profitable, which is why demand dropped. At the same time, less demand by crypto miners results in a looser supply-demand picture, which leads to price declines for GPUs. This is further accelerated by the fact that some crypto miners are selling the GPUs they own on secondary markets, which further pressures pricing for new GPUs.Due to the current crypto winter, Nvidia is thus feeling a double hit from lower sales volumes and lower average margins. That's luckily partially made up by the strong performance in other areas, such as data centers. But as the weak guidance for the current quarter shows, Nvidia is not able to fully offset the headwinds from the weak crypto environment. It thus looks like investors have to come to terms with the fact that Nvidia's strong underlying performance was at least partially driven by crypto enthusiasm. Now that crypto has been in a downtrend for some time, that former tailwind is turning into a headwind.What's The Outlook?In the very long term, Nvidia will still be a solid growth company, I believe. Data center demand will continue to grow. Autonomous driving is a long-term megatrend that will lead to rising demand for Nvidia's Hyperion platform and similar products. But in the near term, the outlook is far from great.SinceNvidia is trading at a pretty high valuation of 46x forward earnings, even before those earnings estimates have declined due to the weaker-than-expected Q3 guidance, I do not believe that Nvidia is a great investment at current prices. There are other semiconductor companies with way better near-term growth outlooks that trade at less than halfNvidia's earnings multiple, such as AMD (AMD), Broadcom (AVGO), Qualcomm (QCOM), and so on. With those picks being available today, I do not see a great reason to buy Nvidia right now. The long-term outlook is positive, but the near-term issues and too-high valuation make me stay away for now.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9992812164,"gmtCreate":1661298401760,"gmtModify":1676536490550,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992812164","repostId":"2261663436","repostType":4,"repost":{"id":"2261663436","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1661296197,"share":"https://ttm.financial/m/news/2261663436?lang=en_US&edition=fundamental","pubTime":"2022-08-24 07:09","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Down As Investors Eye Slowing Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2261663436","media":"Reuters","summary":"Wall Street ended down on Tuesday as investors focused on data showing a slowing economy ahead of a ","content":"<html><head></head><body><p>Wall Street ended down on Tuesday as investors focused on data showing a slowing economy ahead of a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming.</p><p>The S&amp;P 500 dipped after data showed private-sector business activity in the United States contracted for a second straight month in August, with particular softness in the services sector as demand weakened in the face of inflation and tighter financial conditions.</p><p>The S&amp;P Global flash composite purchasing managers index, or PMI, for August dropped to 45, the lowest since February 2021, from 47.7 in July. A reading below 50 indicates a contraction in activity.</p><p>Stocks have declined in recent sessions ahead of this week&#39;s central bank gathering in Jackson Hole, where Fed Chair Jerome Powell is expected on Friday to reinforce a strong commitment to stamp out inflation running at four-decades high.</p><p>Traders are split between expecting a 50 basis points hike and a 75 bps hike by the central bank after several policymakers recently pushed back against expectations of a dovish pivot and emphasized the Fed&#39;s commitment to fight against inflation.</p><p>&#34;What we have seen in the past week is the realization that the Fed could still raise interest rates by 75 basis points in September,&#34; said Jake Dollarhide, chief executive of Longbow Asset Management in Tulsa, Oklahoma. &#34;The market fears that Powell&#39;s going to go back into a hawkish stance.&#34;</p><p>The benchmark 10-year yield rose to its highest level since late July.</p><p>Zoom Video Communications Inc tumbled almost 17% after the former &#34;stay-at-home&#34; stock darling cut its annual profit and revenue forecasts.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by real estate, down 1.46%, followed by a 1.39% loss in healthcare.</p><p>After a rough start to the year, markets rallied since mid-June on hopes inflation has peaked, but that summer rally snapped last week due to renewed fears around an aggressive monetary policy tightening path by the Fed.</p><p>The S&amp;P 500 declined 0.22% to end the session at 4,128.73 points.</p><p>The Nasdaq was unchanged at 12,381.30 points, while the Dow Jones Industrial Average declined 0.47% to 32,909.59 points.</p><p>The S&amp;P 500 energy index rallied 3.6%, tracking a jump in crude prices as tight supply moved back into focus.</p><p>Macy&#39;s Inc rose 3.8% after the retailer beat quarterly profit estimates, while <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> Inc surged about 12% after the cybersecurity firm posted upbeat quarterly results and announced a stock split plan.</p><p>The Philadelphia Semiconductor Index rose 0.7%, reducing its loss in 2022 to about 27%.</p><p>Declining stocks outnumbered rising ones within the S&amp;P 500 by a 1.5-to-one ratio.</p><p>The S&amp;P 500 posted one new high and 30 new lows; the Nasdaq recorded 45 new highs and 150 new lows.</p><p>Volume on U.S. exchanges was relatively light, with 9.4 billion shares traded, compared with an average of 10.9 billion shares over the previous 20 sessions.</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>US STOCKS-Wall Street Ends Down As Investors Eye Slowing Economy</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Down As Investors Eye Slowing Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-24 07:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Wall Street ended down on Tuesday as investors focused on data showing a slowing economy ahead of a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming.</p><p>The S&amp;P 500 dipped after data showed private-sector business activity in the United States contracted for a second straight month in August, with particular softness in the services sector as demand weakened in the face of inflation and tighter financial conditions.</p><p>The S&amp;P Global flash composite purchasing managers index, or PMI, for August dropped to 45, the lowest since February 2021, from 47.7 in July. A reading below 50 indicates a contraction in activity.</p><p>Stocks have declined in recent sessions ahead of this week&#39;s central bank gathering in Jackson Hole, where Fed Chair Jerome Powell is expected on Friday to reinforce a strong commitment to stamp out inflation running at four-decades high.</p><p>Traders are split between expecting a 50 basis points hike and a 75 bps hike by the central bank after several policymakers recently pushed back against expectations of a dovish pivot and emphasized the Fed&#39;s commitment to fight against inflation.</p><p>&#34;What we have seen in the past week is the realization that the Fed could still raise interest rates by 75 basis points in September,&#34; said Jake Dollarhide, chief executive of Longbow Asset Management in Tulsa, Oklahoma. &#34;The market fears that Powell&#39;s going to go back into a hawkish stance.&#34;</p><p>The benchmark 10-year yield rose to its highest level since late July.</p><p>Zoom Video Communications Inc tumbled almost 17% after the former &#34;stay-at-home&#34; stock darling cut its annual profit and revenue forecasts.</p><p>Of the 11 S&amp;P 500 sector indexes, seven declined, led lower by real estate, down 1.46%, followed by a 1.39% loss in healthcare.</p><p>After a rough start to the year, markets rallied since mid-June on hopes inflation has peaked, but that summer rally snapped last week due to renewed fears around an aggressive monetary policy tightening path by the Fed.</p><p>The S&amp;P 500 declined 0.22% to end the session at 4,128.73 points.</p><p>The Nasdaq was unchanged at 12,381.30 points, while the Dow Jones Industrial Average declined 0.47% to 32,909.59 points.</p><p>The S&amp;P 500 energy index rallied 3.6%, tracking a jump in crude prices as tight supply moved back into focus.</p><p>Macy&#39;s Inc rose 3.8% after the retailer beat quarterly profit estimates, while <a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a> Inc surged about 12% after the cybersecurity firm posted upbeat quarterly results and announced a stock split plan.</p><p>The Philadelphia Semiconductor Index rose 0.7%, reducing its loss in 2022 to about 27%.</p><p>Declining stocks outnumbered rising ones within the S&amp;P 500 by a 1.5-to-one ratio.</p><p>The S&amp;P 500 posted one new high and 30 new lows; the Nasdaq recorded 45 new highs and 150 new lows.</p><p>Volume on U.S. exchanges was relatively light, with 9.4 billion shares traded, compared with an average of 10.9 billion shares over the previous 20 sessions.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2261663436","content_text":"Wall Street ended down on Tuesday as investors focused on data showing a slowing economy ahead of a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming.The S&P 500 dipped after data showed private-sector business activity in the United States contracted for a second straight month in August, with particular softness in the services sector as demand weakened in the face of inflation and tighter financial conditions.The S&P Global flash composite purchasing managers index, or PMI, for August dropped to 45, the lowest since February 2021, from 47.7 in July. A reading below 50 indicates a contraction in activity.Stocks have declined in recent sessions ahead of this week's central bank gathering in Jackson Hole, where Fed Chair Jerome Powell is expected on Friday to reinforce a strong commitment to stamp out inflation running at four-decades high.Traders are split between expecting a 50 basis points hike and a 75 bps hike by the central bank after several policymakers recently pushed back against expectations of a dovish pivot and emphasized the Fed's commitment to fight against inflation.\"What we have seen in the past week is the realization that the Fed could still raise interest rates by 75 basis points in September,\" said Jake Dollarhide, chief executive of Longbow Asset Management in Tulsa, Oklahoma. \"The market fears that Powell's going to go back into a hawkish stance.\"The benchmark 10-year yield rose to its highest level since late July.Zoom Video Communications Inc tumbled almost 17% after the former \"stay-at-home\" stock darling cut its annual profit and revenue forecasts.Of the 11 S&P 500 sector indexes, seven declined, led lower by real estate, down 1.46%, followed by a 1.39% loss in healthcare.After a rough start to the year, markets rallied since mid-June on hopes inflation has peaked, but that summer rally snapped last week due to renewed fears around an aggressive monetary policy tightening path by the Fed.The S&P 500 declined 0.22% to end the session at 4,128.73 points.The Nasdaq was unchanged at 12,381.30 points, while the Dow Jones Industrial Average declined 0.47% to 32,909.59 points.The S&P 500 energy index rallied 3.6%, tracking a jump in crude prices as tight supply moved back into focus.Macy's Inc rose 3.8% after the retailer beat quarterly profit estimates, while Palo Alto Networks Inc surged about 12% after the cybersecurity firm posted upbeat quarterly results and announced a stock split plan.The Philadelphia Semiconductor Index rose 0.7%, reducing its loss in 2022 to about 27%.Declining stocks outnumbered rising ones within the S&P 500 by a 1.5-to-one ratio.The S&P 500 posted one new high and 30 new lows; the Nasdaq recorded 45 new highs and 150 new lows.Volume on U.S. exchanges was relatively light, with 9.4 billion shares traded, compared with an average of 10.9 billion shares over the previous 20 sessions.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996777088,"gmtCreate":1661220813947,"gmtModify":1676536477654,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996777088","repostId":"1140002312","repostType":4,"repost":{"id":"1140002312","kind":"news","pubTimestamp":1661227301,"share":"https://ttm.financial/m/news/1140002312?lang=en_US&edition=fundamental","pubTime":"2022-08-23 12:01","market":"us","language":"en","title":"Tesla Must Face The Comeback Of Affordable ICE Vehicles","url":"https://stock-news.laohu8.com/highlight/detail?id=1140002312","media":"Seeking Alpha","summary":"SummaryTesla has grown its sales while traditional automakers have shrunk.The chip shortage has driven the average transaction price of a new car higher than the price of a Model 3.This is unsustainable and as production returns, prices will drop.Tesla will need to respond with lower prices to be price competitive, which will hurt profitability, or it could face demand or growth risks.What's happened?It's hardly a splurge in today's market.A Model 3 costs \"just\" 30% more than the cheapest Honda ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla has grown its sales while traditional automakers have shrunk.</li><li>The chip shortage has driven the average transaction price of a new car higher than the price of a Model 3.</li><li>This is unsustainable and as production returns, prices will drop.</li><li>Tesla will need to respond with lower prices to be price competitive, which will hurt profitability, or it could face demand or growth risks.</li></ul><p><b>What&#39;s happened?</b></p><p>Other automakers&#39; misfortunes have been Tesla&#39;s (NASDAQ:TSLA) gain. While Tesla is commonly seen as a luxury vehicle, it is taking sales from not just all the luxury automakers, but all the mainstream categories as well. Tesla&#39;s flawless navigation through the supply chain means not only higher production for Tesla, but higher demand as other automakers struggle with very high starting prices that are mostly out of their control.</p><p>In addition to supply chain hurdles, traditional automakers have struggled with dealerships driving up prices well above MSRP via price markups and mandatory accessories. Manufacturers like Ford (F), which historically have good relations with dealerships, are now starting to show their frustration with dealers. To counter this (and to get a bigger piece of the pie themselves), manufacturers have focused on building higher priced configurations of their vehicles, but that hasn&#39;t stopped the strong consumer from driving up prices further.</p><p>For the shopper, this is a double whammy. With manufacturers prioritizing higher-priced variants and dealerships applying extreme markups to those units, in July the average retail price for a new car rose to an all-time high of $48,142 and the average monthly payment is now $733. In fact, the average retail price is now higher than the starting price of a Model 3, even after a $10,000 price increase over the last year. In today&#39;s market, an entry-level Tesla is no longer a luxury vehicle.</p><p>My local dealership here in Southern California sells a top-of-the-line Honda Accord Touring for nearly the same price as a Standard Range Model 3 and according to the salesman, they&#39;ve been selling every one that they get. With mainstream vehicles having luxury prices, it&#39;s no wonder Tesla is taking sales from the mainstream segment.</p><p>While we may never see inventory levels like we did prior to the pandemic that allowed incentives and dealer discounts to bring prices well below MSRP, I believe buying a car at MSRP will eventually happen. This will give shoppers the much-needed choice they need.</p><p><b>Tesla: Now a luxury within reach</b></p><p>So how does the price of a Model 3 today compare with an Accord versus Honda&#39;s intention, and versus prices from a few years ago? It&#39;s hardly a splurge in today&#39;s market.</p><p>A Model 3 costs &#34;just&#34; 30% more than the cheapest Honda Accord I can find, a Sport trim priced at $35,975 including markups, and the salesman assured me that they sell every one they get without discount. That&#39;s a model that doesn&#39;t even have heated cloth seats; leather would cost an additional $1500 and at that point a Model 3 would be just 25% more for a huge upgrade in terms of brand and features.</p><p>Obviously, this is due to inflated prices and was never the intention. If a buyer could pick up an Accord LX (the cheapest trim) for an MSRP of $26,520 without those pesky markups, the cost of a Standard Range Model 3 would be more than 80% higher. You can argue that a Model 3 is worth the higher price tag but the problem is that with so few options today, a Tesla is far more appealing today than it was a few years ago (especially with fuel and maintenance savings). It&#39;s easy to see why Tesla is taking so many sales from the mainstream segment. In fact, according to Tom Libby from S&amp;P Mobility, about half of Model 3 and Y buyers have a mainstream product in their garage, which he finds extraordinary.</p><p>Even if we consider 2019 prices when a Model 3 was just $37,000, it was still more than 50% higher than the MSRP of an Accord LX at the time, and that&#39;s excluding past dealer discounts and manufacturer incentives that could drive the price thousands below MSRP.</p><p>With higher prices thanks to supply chain woes, Tesla has been able to bring in record profitability. Unfortunately, there are signs that these conditions are starting to fade.</p><p><b>The market is shifting</b></p><p>It&#39;s important to note that the strong consumer has been incredibly helpful in driving prices through the roof, but there are signs that the consumer&#39;s spending habits are changing.</p><p>Over the past few months, when it comes to the new car market, buyers just haven&#39;t had a choice. <i>Someone</i> is going to buy that overpriced car on the lot, however foolish it may be. Thankfully, the used car market is showing signs of stability, and since more than 40 million used cars were sold in the US last year (22 million via retailers), a look at this segment is a good indicator of car shopping behavior when provided a choice.</p><p>If you&#39;re unfamiliar, here&#39;s an example of how prices have been in the used market. In Southern California, a certified pre-owned 2021 Civic LX (base model) with 28,000 miles has a retail price of $28,655, which is 35% higher than its original MSRP of $21,250.</p><p><img src=\"https://static.tigerbbs.com/7863b77894ec6738305b9e12cf9dc2fd\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>ochondaworld.com</p><p><img src=\"https://static.tigerbbs.com/6ceceac50604deafb86b1d96ec132873\" tg-width=\"498\" tg-height=\"862\" referrerpolicy=\"no-referrer\"/></p><p>Autonews.com</p><p>Last quarter, used vehicle profitability plunged. AutoNation&#39;s (AN) used vehicle gross profit declined by 22% from the prior quarter and 14% from last year, while Group 1 (GPI) saw profits dive 25%. Online used car retailers are also seeing profits plunge, with Carvana (CVNA) posting a loss of more than a billion dollars thanks to a 44% decline in gross profits from last year. See the chart to the right for more.</p><p>The majority of CEOs from major public car retailers discuss the consumer&#39;s reluctance to pay big premiums for vehicles as they were previously. Penske (PAG) CEO said that higher prices are &#34;taking some people out of the market&#34;. Group 1 Automotive&#39;s CEO stated that demand is shifting to lower price points. Asbury Automotive Group CEO David Hult said that consumers were &#34;impulsively buying&#34; six months ago but are now more cautious. According to Cox Automotive, used car prices are trending down and should be a source of deflation in the months ahead.</p><p>In other words, the buying frenzy for overpriced used vehicles is over and it&#39;s reasonable to believe that this will translate into the new car market as soon as production stabilizes.</p><p><b>Signs of New Car Production Rebound</b></p><p>Nobody is yet sure when new car production will fully rebound, or even recover to levels where shoppers can buy cars without massive markups, however there is some promising signs starting to surface.</p><p>In June, UK car production was back on the rise, up 5.6% from the year earlier thanks to an ease in some supply chain issues. According to LMCAutomotive, the Global Light Vehicle selling rate rose for the third consecutive month to 90 million units/year in July, which it noted as the best performance for the year so far thanks to a rebound in China and South America. US sales remain down, but the sales decline by 11.6% was the smallest decline since January. Finally, according to AutoForecast Solutions, automakers lost just 6,800 vehicles in weekly production due to the chip shortage and that was one of the smallest losses since the chip shortage began in early 2021.</p><p><b>Conclusion</b></p><p>For the better part of the last year, Tesla&#39;s applaudable performance despite supply chain woes has come with great benefit. For starters, shoppers of ICE vehicles have faced extreme price pressure due to automakers prioritizing well-equipped variants of their vehicles and dealerships adding steep markups to these already high-priced cars.</p><p>However, there are signs of a weakening consumer. In the used market, consumers are (thankfully) showing signs of reluctance when faced with the purchase of a used base model Civic for nearly 30 grand. Auto retailers are making it clear that the buying frenzy is over. In addition, there&#39;s a glimmer of hope that production is starting to ease. We still need more data, but it&#39;s reasonable to believe that the supply chain will ease eventually.</p><p>When that time comes, Tesla will be facing lower mainstream vehicle prices and will likely find it more difficult to bite into these high-volume segments so easily. Of course, Tesla would also benefit from any supply chain easing, but at the expensive of what&#39;s been a driver of the stock&#39;s recent run up: high gross margins and profitability in addition to growth. Initially, there was a selloff after its most recent earnings report, with the red flag being margin contraction. Further margin contraction due to pricing pressure may not be taken lightly by investors, especially if it were perceived as an indicator of reduced demand.</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>Tesla Must Face The Comeback Of Affordable ICE Vehicles</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Must Face The Comeback Of Affordable ICE Vehicles\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-23 12:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4536057-tesla-faces-comeback-of-affordable-ice-vehicles?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A20><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla has grown its sales while traditional automakers have shrunk.The chip shortage has driven the average transaction price of a new car higher than the price of a Model 3.This is ...</p>\n\n<a href=\"https://seekingalpha.com/article/4536057-tesla-faces-comeback-of-affordable-ice-vehicles?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A20\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4536057-tesla-faces-comeback-of-affordable-ice-vehicles?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A20","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140002312","content_text":"SummaryTesla has grown its sales while traditional automakers have shrunk.The chip shortage has driven the average transaction price of a new car higher than the price of a Model 3.This is unsustainable and as production returns, prices will drop.Tesla will need to respond with lower prices to be price competitive, which will hurt profitability, or it could face demand or growth risks.What's happened?Other automakers' misfortunes have been Tesla's (NASDAQ:TSLA) gain. While Tesla is commonly seen as a luxury vehicle, it is taking sales from not just all the luxury automakers, but all the mainstream categories as well. Tesla's flawless navigation through the supply chain means not only higher production for Tesla, but higher demand as other automakers struggle with very high starting prices that are mostly out of their control.In addition to supply chain hurdles, traditional automakers have struggled with dealerships driving up prices well above MSRP via price markups and mandatory accessories. Manufacturers like Ford (F), which historically have good relations with dealerships, are now starting to show their frustration with dealers. To counter this (and to get a bigger piece of the pie themselves), manufacturers have focused on building higher priced configurations of their vehicles, but that hasn't stopped the strong consumer from driving up prices further.For the shopper, this is a double whammy. With manufacturers prioritizing higher-priced variants and dealerships applying extreme markups to those units, in July the average retail price for a new car rose to an all-time high of $48,142 and the average monthly payment is now $733. In fact, the average retail price is now higher than the starting price of a Model 3, even after a $10,000 price increase over the last year. In today's market, an entry-level Tesla is no longer a luxury vehicle.My local dealership here in Southern California sells a top-of-the-line Honda Accord Touring for nearly the same price as a Standard Range Model 3 and according to the salesman, they've been selling every one that they get. With mainstream vehicles having luxury prices, it's no wonder Tesla is taking sales from the mainstream segment.While we may never see inventory levels like we did prior to the pandemic that allowed incentives and dealer discounts to bring prices well below MSRP, I believe buying a car at MSRP will eventually happen. This will give shoppers the much-needed choice they need.Tesla: Now a luxury within reachSo how does the price of a Model 3 today compare with an Accord versus Honda's intention, and versus prices from a few years ago? It's hardly a splurge in today's market.A Model 3 costs \"just\" 30% more than the cheapest Honda Accord I can find, a Sport trim priced at $35,975 including markups, and the salesman assured me that they sell every one they get without discount. That's a model that doesn't even have heated cloth seats; leather would cost an additional $1500 and at that point a Model 3 would be just 25% more for a huge upgrade in terms of brand and features.Obviously, this is due to inflated prices and was never the intention. If a buyer could pick up an Accord LX (the cheapest trim) for an MSRP of $26,520 without those pesky markups, the cost of a Standard Range Model 3 would be more than 80% higher. You can argue that a Model 3 is worth the higher price tag but the problem is that with so few options today, a Tesla is far more appealing today than it was a few years ago (especially with fuel and maintenance savings). It's easy to see why Tesla is taking so many sales from the mainstream segment. In fact, according to Tom Libby from S&P Mobility, about half of Model 3 and Y buyers have a mainstream product in their garage, which he finds extraordinary.Even if we consider 2019 prices when a Model 3 was just $37,000, it was still more than 50% higher than the MSRP of an Accord LX at the time, and that's excluding past dealer discounts and manufacturer incentives that could drive the price thousands below MSRP.With higher prices thanks to supply chain woes, Tesla has been able to bring in record profitability. Unfortunately, there are signs that these conditions are starting to fade.The market is shiftingIt's important to note that the strong consumer has been incredibly helpful in driving prices through the roof, but there are signs that the consumer's spending habits are changing.Over the past few months, when it comes to the new car market, buyers just haven't had a choice. Someone is going to buy that overpriced car on the lot, however foolish it may be. Thankfully, the used car market is showing signs of stability, and since more than 40 million used cars were sold in the US last year (22 million via retailers), a look at this segment is a good indicator of car shopping behavior when provided a choice.If you're unfamiliar, here's an example of how prices have been in the used market. In Southern California, a certified pre-owned 2021 Civic LX (base model) with 28,000 miles has a retail price of $28,655, which is 35% higher than its original MSRP of $21,250.ochondaworld.comAutonews.comLast quarter, used vehicle profitability plunged. AutoNation's (AN) used vehicle gross profit declined by 22% from the prior quarter and 14% from last year, while Group 1 (GPI) saw profits dive 25%. Online used car retailers are also seeing profits plunge, with Carvana (CVNA) posting a loss of more than a billion dollars thanks to a 44% decline in gross profits from last year. See the chart to the right for more.The majority of CEOs from major public car retailers discuss the consumer's reluctance to pay big premiums for vehicles as they were previously. Penske (PAG) CEO said that higher prices are \"taking some people out of the market\". Group 1 Automotive's CEO stated that demand is shifting to lower price points. Asbury Automotive Group CEO David Hult said that consumers were \"impulsively buying\" six months ago but are now more cautious. According to Cox Automotive, used car prices are trending down and should be a source of deflation in the months ahead.In other words, the buying frenzy for overpriced used vehicles is over and it's reasonable to believe that this will translate into the new car market as soon as production stabilizes.Signs of New Car Production ReboundNobody is yet sure when new car production will fully rebound, or even recover to levels where shoppers can buy cars without massive markups, however there is some promising signs starting to surface.In June, UK car production was back on the rise, up 5.6% from the year earlier thanks to an ease in some supply chain issues. According to LMCAutomotive, the Global Light Vehicle selling rate rose for the third consecutive month to 90 million units/year in July, which it noted as the best performance for the year so far thanks to a rebound in China and South America. US sales remain down, but the sales decline by 11.6% was the smallest decline since January. Finally, according to AutoForecast Solutions, automakers lost just 6,800 vehicles in weekly production due to the chip shortage and that was one of the smallest losses since the chip shortage began in early 2021.ConclusionFor the better part of the last year, Tesla's applaudable performance despite supply chain woes has come with great benefit. For starters, shoppers of ICE vehicles have faced extreme price pressure due to automakers prioritizing well-equipped variants of their vehicles and dealerships adding steep markups to these already high-priced cars.However, there are signs of a weakening consumer. In the used market, consumers are (thankfully) showing signs of reluctance when faced with the purchase of a used base model Civic for nearly 30 grand. Auto retailers are making it clear that the buying frenzy is over. In addition, there's a glimmer of hope that production is starting to ease. We still need more data, but it's reasonable to believe that the supply chain will ease eventually.When that time comes, Tesla will be facing lower mainstream vehicle prices and will likely find it more difficult to bite into these high-volume segments so easily. Of course, Tesla would also benefit from any supply chain easing, but at the expensive of what's been a driver of the stock's recent run up: high gross margins and profitability in addition to growth. Initially, there was a selloff after its most recent earnings report, with the red flag being margin contraction. Further margin contraction due to pricing pressure may not be taken lightly by investors, especially if it were perceived as an indicator of reduced demand.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":959,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996280256,"gmtCreate":1661176004976,"gmtModify":1676536467182,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996280256","repostId":"2261515445","repostType":4,"isVote":1,"tweetType":1,"viewCount":1067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996009165,"gmtCreate":1661068170962,"gmtModify":1676536448703,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996009165","repostId":"2260785313","repostType":4,"repost":{"id":"2260785313","kind":"highlight","pubTimestamp":1661045446,"share":"https://ttm.financial/m/news/2260785313?lang=en_US&edition=fundamental","pubTime":"2022-08-21 09:30","market":"us","language":"en","title":"No, There Is No New Short-Selling Champion in Tesla Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=2260785313","media":"Barrons","summary":"There was a stir in the Tesla investing community when a regulator filing indicated that asset manag","content":"<html><head></head><body><p>There was a stir in the Tesla investing community when a regulator filing indicated that asset manager Deer Park Road made a seemingly huge bet against Tesla stock using put options. The stir is just a tempest in a teapot. There is no new short-selling champion for Tesla bears to hoist onto their shoulders.</p><p>A put option is, generally speaking, a bearish bet. It gives the holder the right to sell a stock at a fixed price in the future. Holders of put options do better the lower a stock price falls.</p><p>A quarterly regulatory filing indicated that Deer Park had amassed put-option contracts representing more than 4.8 million shares of Tesla (ticker: TSLA) stock. That much Tesla stock is worth roughly $4.3 billion at current prices. On the surface that looks like a massive bet.</p><p>But that isn&#39;t really the way options work. The price paid for an options contract depends on many factors including the strike price and time to contract expiration.</p><p>Consider Tesla put options that expire Friday Aug. 19, and give the holder the right to sell Tesla stock at about $800 a share are essentially trading for about one cent. Theoretically, amassing options contracts that reflect 4.8 million shares of Tesla could cost someone $48,000. That&#39;s a long way from $4.3 billion.</p><p>It wouldn&#39;t be a good idea, though. There isn&#39;t high probability that Tesla stock will drop about $100 in the final hour of trading Friday.</p><p>(There isn&#39;t much trading volume in those contracts. It&#39;s just an example.)</p><p>Deer Park Chief Investment Officer Scott Burg told Barron&#39;s the Tesla put-options position amounted to 0.1% of his portfolio. That isn&#39;t all that much, and indicates Deer Park probably paid the less than $1 per share represented the puts.</p><p>That isn&#39;t a lot for a stock worth about $900. That also means the put options were either expiring soon, or deeply out of the money, or both. Burg didn&#39;t get into contract specifics, but said the position was closed profitably. The tiny position is already gone.</p><p>Profits aren&#39;t hard to fathom. Tesla stock did fall, along with other technology shares, in the second quarter. Tesla stock dropped almost 38% from the end of March to the end of June while the Nasdaq Composite fell 22% over the same span.</p><p>Burg doesn&#39;t consider himself a big Tesla bear. He&#39;s says he is bearish on the overall economy and the consumer. He expects Tesla stock to struggle, but just like any other consumer discretionary stock this coming year.</p><p>The whole episode does illustrate an important lesson about options trading. There are many ways to use options in a portfolio.</p><p>Investors can buy options contracts far from current prices. They are cheap and only pay off if extreme events happen. They can also be used to bet on volatility. Options get more valuable as stock volatility rises and less valuable when volatility falls. Options can be used to hedge a portfolio, too.</p><p>What&#39;s more, bearish options bets can actually generate income for bullish investors. Take Tesla. It doesn&#39;t pay a dividend. If that irks some shareholders they can sell call options contracts. (Selling a call is similar to a put option. Both work out if the stock falls. It&#39;s a bearish bet.)</p><p>A Tesla holder selling a $900 call option that expires in September gets about $44. That&#39;s almost 5% the value of the Tesla stock. The risk with selling call options against stock held is that the stock could go up. If Tesla hit $1,000, that holder would have essentially sold some of his position for $900, missing out on the additional gain.</p><p>There are many other things pros do with options. People have careers trading options for brokerage firms and asset managers.</p><p>However, options don&#39;t indicate with certainty how someone feels about the stock that underlies the options contract.</p></body></html>","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>No, There Is No New Short-Selling Champion in Tesla Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNo, There Is No New Short-Selling Champion in Tesla Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-21 09:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-short-selling-51660942310?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There was a stir in the Tesla investing community when a regulator filing indicated that asset manager Deer Park Road made a seemingly huge bet against Tesla stock using put options. The stir is just ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-short-selling-51660942310?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-short-selling-51660942310?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260785313","content_text":"There was a stir in the Tesla investing community when a regulator filing indicated that asset manager Deer Park Road made a seemingly huge bet against Tesla stock using put options. The stir is just a tempest in a teapot. There is no new short-selling champion for Tesla bears to hoist onto their shoulders.A put option is, generally speaking, a bearish bet. It gives the holder the right to sell a stock at a fixed price in the future. Holders of put options do better the lower a stock price falls.A quarterly regulatory filing indicated that Deer Park had amassed put-option contracts representing more than 4.8 million shares of Tesla (ticker: TSLA) stock. That much Tesla stock is worth roughly $4.3 billion at current prices. On the surface that looks like a massive bet.But that isn't really the way options work. The price paid for an options contract depends on many factors including the strike price and time to contract expiration.Consider Tesla put options that expire Friday Aug. 19, and give the holder the right to sell Tesla stock at about $800 a share are essentially trading for about one cent. Theoretically, amassing options contracts that reflect 4.8 million shares of Tesla could cost someone $48,000. That's a long way from $4.3 billion.It wouldn't be a good idea, though. There isn't high probability that Tesla stock will drop about $100 in the final hour of trading Friday.(There isn't much trading volume in those contracts. It's just an example.)Deer Park Chief Investment Officer Scott Burg told Barron's the Tesla put-options position amounted to 0.1% of his portfolio. That isn't all that much, and indicates Deer Park probably paid the less than $1 per share represented the puts.That isn't a lot for a stock worth about $900. That also means the put options were either expiring soon, or deeply out of the money, or both. Burg didn't get into contract specifics, but said the position was closed profitably. The tiny position is already gone.Profits aren't hard to fathom. Tesla stock did fall, along with other technology shares, in the second quarter. Tesla stock dropped almost 38% from the end of March to the end of June while the Nasdaq Composite fell 22% over the same span.Burg doesn't consider himself a big Tesla bear. He's says he is bearish on the overall economy and the consumer. He expects Tesla stock to struggle, but just like any other consumer discretionary stock this coming year.The whole episode does illustrate an important lesson about options trading. There are many ways to use options in a portfolio.Investors can buy options contracts far from current prices. They are cheap and only pay off if extreme events happen. They can also be used to bet on volatility. Options get more valuable as stock volatility rises and less valuable when volatility falls. Options can be used to hedge a portfolio, too.What's more, bearish options bets can actually generate income for bullish investors. Take Tesla. It doesn't pay a dividend. If that irks some shareholders they can sell call options contracts. (Selling a call is similar to a put option. Both work out if the stock falls. It's a bearish bet.)A Tesla holder selling a $900 call option that expires in September gets about $44. That's almost 5% the value of the Tesla stock. The risk with selling call options against stock held is that the stock could go up. If Tesla hit $1,000, that holder would have essentially sold some of his position for $900, missing out on the additional gain.There are many other things pros do with options. People have careers trading options for brokerage firms and asset managers.However, options don't indicate with certainty how someone feels about the stock that underlies the options contract.","news_type":1,"symbols_score_info":{"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":1209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9998833117,"gmtCreate":1660962739541,"gmtModify":1676536431379,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9998833117","repostId":"2260373492","repostType":4,"repost":{"id":"2260373492","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1660953025,"share":"https://ttm.financial/m/news/2260373492?lang=en_US&edition=fundamental","pubTime":"2022-08-20 07:50","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Down As Yields Rise; Indexes Post Weekly Losses","url":"https://stock-news.laohu8.com/highlight/detail?id=2260373492","media":"Reuters","summary":"* Investors await Jackson Hole conference next week* 10-year U.S. Treasury yield nears 3%* Indexes: ","content":"<html><head></head><body><p>* Investors await Jackson Hole conference next week</p><p>* 10-year U.S. Treasury yield nears 3%</p><p>* Indexes: Dow down 0.9%, S&amp;P 500 down 1.3%, Nasdaq down 2%</p><p>NEW YORK, Aug 19 (Reuters) - U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&amp;P 500 posting losses for the week after four straight weeks of gains.</p><p>Amazon.com, Apple and Microsoft all fell and were the biggest drags on the S&amp;P 500 and Nasdaq. Higher rates tend to be a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.</p><p>U.S. Treasury yields rose, with the benchmark 10-year note nearly hitting 3%, after Germany reported record-high increases in monthly producer prices.</p><p>Investors have been weighing how aggressive the Federal Reserve may need to be as it raises interest rates to battle inflation.</p><p>Richmond Federal Reserve President Thomas Barkin said on Friday that U.S. central bank officials have &#34;a lot of time still&#34; before they need to decide how large an interest rate increase to approve at their Sept. 20-21 policy meeting.</p><p>&#34;The rise in rates around the globe and tough talk from central bankers are being used as an excuse to push stocks lower in very light volume on an August Friday session,&#34; said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>The Dow Jones Industrial Average fell 292.3 points, or 0.86%, to 33,706.74, the S&amp;P 500 lost 55.26 points, or 1.29%, to 4,228.48 and the Nasdaq Composite dropped 260.13 points, or 2.01%, to 12,705.22.</p><p>All three major indexes registered losses for the week. The S&amp;P 500 fell about 1.2% and the Nasdaq slid 2.6% in their first weekly declines after four weeks of gains. The Dow lost about 0.2% for the week.</p><p>After notching its worst first half since 1970, the S&amp;P 500 has bounced some 16% from its mid-June low, fueled by stronger-than-expected corporate earnings and hopes the economy can avoid a recession even as the Fed hikes rates.</p><p>Friday&#39;s monthly options expiration should also make way for greater near-term stock market moves as options positions expire, said Brent Kochuba, founder of options-focused financial insights company SpotGamma.</p><p>The U.S. central bank needs to keep raising borrowing costs to tame decades-high inflation, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them.</p><p>The Fed has raised its benchmark overnight interest rate by 225 basis points since March to fight inflation at a four decade-high.</p><p>Focus next week may be on Fed Chair Jerome Powell&#39;s speech on the economic outlook at the annual global central bankers&#39; conference in Jackson Hole, Wyoming.</p><p>Meme stock Bed Bath &amp; Beyond Inc plunged 40.5% as billionaire investor Ryan Cohen exited the struggling home goods retailer by selling his stake.</p><p>The S&amp;P banking index fell 2.1% after recent gains.</p><p>Shares of Deere &amp; Co ended slightly higher, even after it lowered its full-year profit outlook and said it has sold out of large tractors as it grapples with parts shortages and high costs.</p><p>Volume on U.S. exchanges was last at 10.01 billion shares in one of the lowest volume days of the year.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 6.06-to-1 ratio; on Nasdaq, a 3.59-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 43 new highs and 93 new lows.</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>US STOCKS-Wall Street Ends Down As Yields Rise; Indexes Post Weekly Losses</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\">\nUS STOCKS-Wall Street Ends Down As Yields Rise; Indexes Post Weekly Losses\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-20 07:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Investors await Jackson Hole conference next week</p><p>* 10-year U.S. Treasury yield nears 3%</p><p>* Indexes: Dow down 0.9%, S&amp;P 500 down 1.3%, Nasdaq down 2%</p><p>NEW YORK, Aug 19 (Reuters) - U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&amp;P 500 posting losses for the week after four straight weeks of gains.</p><p>Amazon.com, Apple and Microsoft all fell and were the biggest drags on the S&amp;P 500 and Nasdaq. Higher rates tend to be a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.</p><p>U.S. Treasury yields rose, with the benchmark 10-year note nearly hitting 3%, after Germany reported record-high increases in monthly producer prices.</p><p>Investors have been weighing how aggressive the Federal Reserve may need to be as it raises interest rates to battle inflation.</p><p>Richmond Federal Reserve President Thomas Barkin said on Friday that U.S. central bank officials have &#34;a lot of time still&#34; before they need to decide how large an interest rate increase to approve at their Sept. 20-21 policy meeting.</p><p>&#34;The rise in rates around the globe and tough talk from central bankers are being used as an excuse to push stocks lower in very light volume on an August Friday session,&#34; said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>The Dow Jones Industrial Average fell 292.3 points, or 0.86%, to 33,706.74, the S&amp;P 500 lost 55.26 points, or 1.29%, to 4,228.48 and the Nasdaq Composite dropped 260.13 points, or 2.01%, to 12,705.22.</p><p>All three major indexes registered losses for the week. The S&amp;P 500 fell about 1.2% and the Nasdaq slid 2.6% in their first weekly declines after four weeks of gains. The Dow lost about 0.2% for the week.</p><p>After notching its worst first half since 1970, the S&amp;P 500 has bounced some 16% from its mid-June low, fueled by stronger-than-expected corporate earnings and hopes the economy can avoid a recession even as the Fed hikes rates.</p><p>Friday&#39;s monthly options expiration should also make way for greater near-term stock market moves as options positions expire, said Brent Kochuba, founder of options-focused financial insights company SpotGamma.</p><p>The U.S. central bank needs to keep raising borrowing costs to tame decades-high inflation, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them.</p><p>The Fed has raised its benchmark overnight interest rate by 225 basis points since March to fight inflation at a four decade-high.</p><p>Focus next week may be on Fed Chair Jerome Powell&#39;s speech on the economic outlook at the annual global central bankers&#39; conference in Jackson Hole, Wyoming.</p><p>Meme stock Bed Bath &amp; Beyond Inc plunged 40.5% as billionaire investor Ryan Cohen exited the struggling home goods retailer by selling his stake.</p><p>The S&amp;P banking index fell 2.1% after recent gains.</p><p>Shares of Deere &amp; Co ended slightly higher, even after it lowered its full-year profit outlook and said it has sold out of large tractors as it grapples with parts shortages and high costs.</p><p>Volume on U.S. exchanges was last at 10.01 billion shares in one of the lowest volume days of the year.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 6.06-to-1 ratio; on Nasdaq, a 3.59-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 1 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 43 new highs and 93 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4539":"次新股","QLD":"2倍做多纳斯达克100指数ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","BK4581":"高盛持仓","SH":"做空标普500-Proshares","AAPL":"苹果","SQQQ":"纳指三倍做空ETF","QID":"两倍做空纳斯达克指数ETF-ProShares",".SPX":"S&P 500 Index","SPXU":"三倍做空标普500ETF-ProShares","DE":"迪尔股份有限公司","PSQ":"做空纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","TQQQ":"纳指三倍做多ETF","SSO":"2倍做多标普500ETF-ProShares","BBBY":"Bed Bath & Beyond, Inc.","BK4559":"巴菲特持仓",".DJI":"道琼斯","BK4550":"红杉资本持仓","SPY":"标普500ETF","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","OEX":"标普100","COMP":"Compass, Inc.","IVV":"标普500ETF-iShares","MSFT":"微软"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2260373492","content_text":"* Investors await Jackson Hole conference next week* 10-year U.S. Treasury yield nears 3%* Indexes: Dow down 0.9%, S&P 500 down 1.3%, Nasdaq down 2%NEW YORK, Aug 19 (Reuters) - U.S. stocks fell on Friday in a broad selloff led by megacaps as U.S. bond yields rose, with the S&P 500 posting losses for the week after four straight weeks of gains.Amazon.com, Apple and Microsoft all fell and were the biggest drags on the S&P 500 and Nasdaq. Higher rates tend to be a negative for tech and growth stocks, whose valuations rely more heavily on future cash flows.U.S. Treasury yields rose, with the benchmark 10-year note nearly hitting 3%, after Germany reported record-high increases in monthly producer prices.Investors have been weighing how aggressive the Federal Reserve may need to be as it raises interest rates to battle inflation.Richmond Federal Reserve President Thomas Barkin said on Friday that U.S. central bank officials have \"a lot of time still\" before they need to decide how large an interest rate increase to approve at their Sept. 20-21 policy meeting.\"The rise in rates around the globe and tough talk from central bankers are being used as an excuse to push stocks lower in very light volume on an August Friday session,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.The Dow Jones Industrial Average fell 292.3 points, or 0.86%, to 33,706.74, the S&P 500 lost 55.26 points, or 1.29%, to 4,228.48 and the Nasdaq Composite dropped 260.13 points, or 2.01%, to 12,705.22.All three major indexes registered losses for the week. The S&P 500 fell about 1.2% and the Nasdaq slid 2.6% in their first weekly declines after four weeks of gains. The Dow lost about 0.2% for the week.After notching its worst first half since 1970, the S&P 500 has bounced some 16% from its mid-June low, fueled by stronger-than-expected corporate earnings and hopes the economy can avoid a recession even as the Fed hikes rates.Friday's monthly options expiration should also make way for greater near-term stock market moves as options positions expire, said Brent Kochuba, founder of options-focused financial insights company SpotGamma.The U.S. central bank needs to keep raising borrowing costs to tame decades-high inflation, a string of U.S. central bank officials said on Thursday, even as they debated how fast and how high to lift them.The Fed has raised its benchmark overnight interest rate by 225 basis points since March to fight inflation at a four decade-high.Focus next week may be on Fed Chair Jerome Powell's speech on the economic outlook at the annual global central bankers' conference in Jackson Hole, Wyoming.Meme stock Bed Bath & Beyond Inc plunged 40.5% as billionaire investor Ryan Cohen exited the struggling home goods retailer by selling his stake.The S&P banking index fell 2.1% after recent gains.Shares of Deere & Co ended slightly higher, even after it lowered its full-year profit outlook and said it has sold out of large tractors as it grapples with parts shortages and high costs.Volume on U.S. exchanges was last at 10.01 billion shares in one of the lowest volume days of the year.Declining issues outnumbered advancing ones on the NYSE by a 6.06-to-1 ratio; on Nasdaq, a 3.59-to-1 ratio favored decliners.The S&P 500 posted 1 new 52-week highs and 29 new lows; the Nasdaq Composite recorded 43 new highs and 93 new lows.","news_type":1,"symbols_score_info":{"SQQQ":0.6,"MSFT":0.9,"BBBY":0.9,".IXIC":0.65,"ESmain":0.6,"SPY":0.9,"DE":0.9,"TQQQ":0.6,"SSO":0.6,"NQmain":0.6,".DJI":0.9,"PSQ":0.6,"SPXU":0.6,"OEX":0.6,"QID":0.6,"QQQ":0.6,"SH":0.6,".SPX":0.6,"QLD":0.6,"COMP":0.9,"UPRO":0.6,"OEF":0.6,"IVV":0.6,"AAPL":0.9,"MNQmain":0.6,"SDS":0.6}},"isVote":1,"tweetType":1,"viewCount":1225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":195707031,"gmtCreate":1621312904423,"gmtModify":1704355625997,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"Like and comment pls ty","listText":"Like and comment pls ty","text":"Like and comment pls ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/195707031","repostId":"1187982931","repostType":4,"isVote":1,"tweetType":1,"viewCount":683,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092734078,"gmtCreate":1644726183262,"gmtModify":1676533957147,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092734078","repostId":"2210752103","repostType":4,"repost":{"id":"2210752103","kind":"highlight","pubTimestamp":1644714900,"share":"https://ttm.financial/m/news/2210752103?lang=en_US&edition=fundamental","pubTime":"2022-02-13 09:15","market":"us","language":"en","title":"This Disruptive Company Has Explosive Growth Potential","url":"https://stock-news.laohu8.com/highlight/detail?id=2210752103","media":"Motley Fool","summary":"The company's latest innovation transforms how companies perform a routine task.","content":"<div>\n<p>Paycom Software (NYSE:PAYC) has been at the forefront of disrupting the payroll sector since CEO Chad Richison founded the company in 1998. His company revolutionized the payroll process by taking it ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/12/this-disruptive-company-has-explosive-growth-poten/\">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>This Disruptive Company Has Explosive Growth Potential</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 Disruptive Company Has Explosive Growth Potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-13 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/02/12/this-disruptive-company-has-explosive-growth-poten/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Paycom Software (NYSE:PAYC) has been at the forefront of disrupting the payroll sector since CEO Chad Richison founded the company in 1998. His company revolutionized the payroll process by taking it ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/02/12/this-disruptive-company-has-explosive-growth-poten/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4023":"应用软件","PAYC":"Paycom Software, Inc.","BK4203":"医疗保健房地产投资信托","BK4528":"SaaS概念"},"source_url":"https://www.fool.com/investing/2022/02/12/this-disruptive-company-has-explosive-growth-poten/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2210752103","content_text":"Paycom Software (NYSE:PAYC) has been at the forefront of disrupting the payroll sector since CEO Chad Richison founded the company in 1998. His company revolutionized the payroll process by taking it entirely online. It has continued to be a disruptive force over the years, developing a single cloud-based software solution to help companies manage all their human resources (HR) processes.The company's latest innovation, Beti, is once again disrupting the industry by changing the entire payroll procedure. It's helping drive explosive growth for Paycom, which could continue for years to come.Image source: Getty Images.A better payroll systemRichison discussed Paycom's latest disruptive move on the fourth-quarter conference call. He noted that the company \"extended our platform to the employee even further through innovations like BETI, which enables employees to do their own payroll, and we are seeing very strong adoption and record employee usage.\"The company sees Beti, which stands for Better Employee Transaction Interface, as the new way of doing payroll. The industry-first employee-driven payroll solution improves data accuracy, oversight, and user experience. It puts the payroll responsibility into the hands of employees, eliminating a multistep, imperfect, and time-consuming process for HR departments while giving employees more insight into their pay.Richison stated on the call:For years, I have been predicting the end of the old model, whereby HR and payroll personnel's routine of inputting data for employees, is replaced by a self-service model that provides employees direct access to the database. The old model is dying and that is good for both the business and the employee. Paycom is leading this transformation.That's just the latest innovation from the company. The company's single-database HR platform works better than the cobbled-together systems that most companies use today. That has enabled Paycom to capitalize by offering companies an easy-to-use system that improves user experiences, allowing them to maximize the return on this investment in Paycom's software.An unstoppable growth driverThis award-winning solution has been a smashing success. It helped drive record annual revenue retention of 94% in 2021, up from 93% in the prior year. It was also a key growth driver. The company ended the year with nearly 34,000 clients, up 9% compared to 2020. Meanwhile, revenue surged 29% year-over-year in the fourth quarter and 25.4% for the full year. Earnings grew even faster as its margin expanded despite aggressive spending to grow the business. The company delivered an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) margin of 39.7% of its revenue in 2021, up from 39.3% in 2020.Paycom is only scratching the surface of its potential. Richison noted on the call that \"we still only have approximately 5% of the TAM (total available market) today, so there's plenty of runway ahead to expand and continue to capture market share.\" It's investing heavily to continue taking more market share. It opened five new outside sales offices over the last five months (Manhattan, Las Vegas, Jacksonville, New England, and South Jersey) -- bringing the total to 54 -- to expand its geographic reach. In addition, it has expanded the upper end of its target client size from those with up to 5,000 employees to those with upwards of 10,000 employees.These catalysts have Paycom positioned to continue growing fast in 2022 and beyond. The cloud-based software company sees its revenue rising to more than $1.3 billion this year, putting it up nearly 25% from last year's total. Meanwhile, it sees a further improvement in its adjusted EBITDA margin to around 40% this year, suggesting continued strong profit growth.Lots of growth still aheadPaycom continues to disrupt the payroll industry by launching innovative software solutions that improve the process. While it has grown tremendously over the years, it still has lots of room to run. That upside potential makes it a stock that investors won't want to miss.","news_type":1,"symbols_score_info":{"PAYC":1}},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050424716,"gmtCreate":1654227982036,"gmtModify":1676535417125,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050424716","repostId":"2240305492","repostType":4,"repost":{"id":"2240305492","kind":"highlight","pubTimestamp":1654227926,"share":"https://ttm.financial/m/news/2240305492?lang=en_US&edition=fundamental","pubTime":"2022-06-03 11:45","market":"us","language":"en","title":"3 Riskier Warren Buffett Stocks That Could Beat the Dow","url":"https://stock-news.laohu8.com/highlight/detail?id=2240305492","media":"Motley Fool","summary":"Warren Buffett and Berkshire Hathaway have produced better annual average returns than most broader market indexes.","content":"<div>\n<p>Warren Buffett and his company Berkshire Hathaway (BRK.A -0.73%)(BRK.B -0.63%) have a long track record of beating the broader market indexes such as the Dow Jones Industrial Average. Between 1965 and...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/02/riskier-warren-buffett-stocks-that-could-beat-dow/\">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 Riskier Warren Buffett Stocks That Could Beat the Dow</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\">\n3 Riskier Warren Buffett Stocks That Could Beat the Dow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-03 11:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/06/02/riskier-warren-buffett-stocks-that-could-beat-dow/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett and his company Berkshire Hathaway (BRK.A -0.73%)(BRK.B -0.63%) have a long track record of beating the broader market indexes such as the Dow Jones Industrial Average. Between 1965 and...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/02/riskier-warren-buffett-stocks-that-could-beat-dow/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"C":"花旗","ALLY":"Ally Financial Inc.","NU":"Nu Holdings Ltd."},"source_url":"https://www.fool.com/investing/2022/06/02/riskier-warren-buffett-stocks-that-could-beat-dow/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240305492","content_text":"Warren Buffett and his company Berkshire Hathaway (BRK.A -0.73%)(BRK.B -0.63%) have a long track record of beating the broader market indexes such as the Dow Jones Industrial Average. Between 1965 and 2020, Berkshire's stock has posted an annual average return of about 20%, while the Dow has an average annual return of roughly 7.75% between 1921 and 2019.A big part of this is due to Buffett and Berkshire's more than $350 billion stock portfolio. While some stocks like Apple and Bank of America make up a huge percentage of the portfolio and are likely ones that Buffett and Berkshire consider to be safer, there are other smaller picks in the portfolio that Buffett and Berkshire may deem to be riskier but that also have much more potential upside. Here are three riskier Buffett stocks that can beat the Dow on a long-term basis.1. CitigroupAs a shareholder, I was thrilled to see Buffett and Berkshire snag shares of Citigroup in the first quarter of this year. The bank has struggled for years to generate the same kind of returns as its large bank peers, leading many to believe it's a value trap. Citigroup has on numerous occasions traded below its tangible book value (TBV), or net worth, over the last decade. But this is the first time Berkshire has purchased the stock since 2001, according to Securities and Exchange Commission filings.In my view, it looks like this time may indeed be different with CEO Jane Fraser, who only took the reins of the bank about a year ago, planning major strategic changes including selling most of the bank's international consumer banking divisions, doubling down on areas of strength, and finally investing what is needed to fix regulatory issues.The big risk here is that the transformation could still be a multi-year journey and investors are running out of patience, so there is very little margin for error and this is a stock that could continue to be a value trap. But trading at just 67% to its TBV, the stock has about 47% upside just to get back to TBV, which would still not even be considered a good valuation in today's banking industry.Citigroup's investment banking unit, large U.S. deposit market share, and extremely global presence are certain attributes that would be difficult to replicate. The bank also has a dividend yield of roughly 3.8%, which will compensate investors nicely while they wait for the transformation plan to play out.2. Ally FinancialThe large digital bank and auto lender Ally Financial is another stock that Berkshire scooped up at the beginning of this year that has a lot of the attributes of a classic Buffett stock. Not only does Ally trade at a cheap valuation, but it also returns a good amount of capital to shareholders. Despite generating strong returns in 2021 and guiding for smaller but still impressive returns going forward, Ally only trades at about 116% to its TBV and 5.6 times forward earnings.Ally faces a few big risks. There could be a recession sometime in the near future that makes consumers default on their loans at higher rates than management is currently anticipating. There are also concerns over what will happen to used-car prices, which have been elevated, although Ally's management team is anticipating prices to eventually come down. Higher interest rates could also raise Ally's deposit costs and cut into margins, although the bank has significantly increased its retail deposit base in recent years.Still, if Ally can overcome some of these near-term headwinds and still generate good returns, the stock will likely get rerated. Ally also returns a lot of capital to shareholders and is planning to execute a $2 billion stock buyback plan this year alone.3. Nu HoldingsBerkshire has clearly taken an interest in Latin America's growing financial sector, and with good reason given the massive potential. Last year, Berkshire invested in the Brazilian challenger bank Nu Holdings, which has made massive progress with its frictionless, low-fee banking experience. Nu has acquired close to 60 million customers with a low, industry-leading customer acquisition cost. Nu currently banks 33% of the adult Brazilian population and has provided millions of its customers with their first bank account or credit card. Nu is also growing in Mexico and Colombia.The risk here is that the Latin American market can be difficult, given high levels of inflation and volatile economic conditions. Furthermore, Nu is not yet profitable and will likely face lots of competition. But the company is growing revenue significantly and after the huge sell-off of growth stocks this year, investors have the rare opportunity to buy Nu stock at a much cheaper valuation than when Buffett or Berkshire got in. Nu is a leading digital disruptor in one of the world's fastest-growing regions for banking.","news_type":1,"symbols_score_info":{"ALLY":0.9,"C":0.9,"NU":0.9}},"isVote":1,"tweetType":1,"viewCount":1029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005818135,"gmtCreate":1642225670982,"gmtModify":1676533694559,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005818135","repostId":"2203201745","repostType":4,"repost":{"id":"2203201745","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1642201908,"share":"https://ttm.financial/m/news/2203201745?lang=en_US&edition=fundamental","pubTime":"2022-01-15 07:11","market":"us","language":"en","title":"US STOCKS-Dow Closes Lower after Disappointing Bank Results","url":"https://stock-news.laohu8.com/highlight/detail?id=2203201745","media":"Reuters","summary":"The Dow closed lower with a big drag from financial stocks as investors were disappointed by fourth quarter results from big U.S. banks, which cast a shadow over the earnings season kick-off.The Nasda","content":"<html><head></head><body><p>The Dow closed lower with a big drag from financial stocks as investors were disappointed by fourth quarter results from big U.S. banks, which cast a shadow over the earnings season kick-off.</p><p>The Nasdaq and the S&amp;P regained lost ground in afternoon trading to close higher. Meanwhile the consumer discretionary</p><p>also put pressure on major indexes after morning data showed a December decline in retail sales and a souring of consumer sentiment.</p><p>JPMorgan Chase &amp; Co tumbled after reporting weaker performance at its trading arm. The bellwether lender also warned that soaring inflation, the looming threat of Omicron and trading revenues would challenge industry growth in coming months.</p><p>Along with JPMorgan, big decliners putting pressure on the Dow included Goldman Sachs, American Express and Home Depot.</p><p>$Citigroup Inc(C-N)$ shares fell after it reported a 26% drop in fourth-quarter profit, while asset manager BlackRock Inc</p><p>fell after missing quarterly revenue expectations.</p><p>The earnings kick-off had investors taking profits in the S&amp;P 500 bank subsector after it had hit an intraday high in the previous session. Financial stocks had been outperforming the S&amp;P recently as investors bet that the Federal Reserve&#39;s expected interest rate hikes will boost bank profits.</p><p>&#34;The bar was very high going into (JPMorgan) results. On the surface it was good but, under the hood, not so much,&#34; said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. In the interest rate hiking cycle expected this year &#34;positioning was very crowded on the long side&#34; going into the earnings season.</p><p>For consumer stock weakness, James pointed to &#34;clearly disappointing&#34; retail sales, which dropped 1.9% last month due to shortages of goods and an explosion of COVID-19 infections.</p><p>Separate data showed soaring inflation hit U.S. consumer sentiment in January, pushing it to its second lowest level in a decade.</p><p>Retail sales and bank loan growth raised doubts about the economic outlook for the current quarter and 2022 for Keith Buchanan, portfolio manager at Globalt in Atlanta.</p><p>&#34;The question is, does the economy have enough strength to get through the risk Omicron brings as fiscal and monetary stimulus is rolling off,&#34; Buchanan said.</p><p>According to preliminary data, the S&amp;P 500 gained 2.89 points, or 0.06%, to end at 4,661.92 points, while the Nasdaq Composite gained 81.98 points, or 0.55%, to 14,889.73. The Dow Jones Industrial Average fell 208.43 points, or 0.58%, to 35,905.19.</p><p>Analysts see S&amp;P 500 companies earnings rising 23.1% in the fourth quarter, according to IBES data from Refinitiv.</p><p>One bright spot in the bank sector on Friday however was Wells Fargo &amp; Co, which gained ground after posting a bigger-than-expected rise in fourth-quarter profit.</p><p>Casino operators Las Vegas Sands, Melco Resorts and Wynn Resorts rallied after Macau&#39;s government capped the number of new casino operators allowed to operate to six for a period of 10 years.</p><p>U.S. stock markets will remain shut on Monday for the public holiday in honor of Martin Luther King.</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>US STOCKS-Dow Closes Lower after Disappointing Bank Results</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\">\nUS STOCKS-Dow Closes Lower after Disappointing Bank Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-01-15 07:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Dow closed lower with a big drag from financial stocks as investors were disappointed by fourth quarter results from big U.S. banks, which cast a shadow over the earnings season kick-off.</p><p>The Nasdaq and the S&amp;P regained lost ground in afternoon trading to close higher. Meanwhile the consumer discretionary</p><p>also put pressure on major indexes after morning data showed a December decline in retail sales and a souring of consumer sentiment.</p><p>JPMorgan Chase &amp; Co tumbled after reporting weaker performance at its trading arm. The bellwether lender also warned that soaring inflation, the looming threat of Omicron and trading revenues would challenge industry growth in coming months.</p><p>Along with JPMorgan, big decliners putting pressure on the Dow included Goldman Sachs, American Express and Home Depot.</p><p>$Citigroup Inc(C-N)$ shares fell after it reported a 26% drop in fourth-quarter profit, while asset manager BlackRock Inc</p><p>fell after missing quarterly revenue expectations.</p><p>The earnings kick-off had investors taking profits in the S&amp;P 500 bank subsector after it had hit an intraday high in the previous session. Financial stocks had been outperforming the S&amp;P recently as investors bet that the Federal Reserve&#39;s expected interest rate hikes will boost bank profits.</p><p>&#34;The bar was very high going into (JPMorgan) results. On the surface it was good but, under the hood, not so much,&#34; said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. In the interest rate hiking cycle expected this year &#34;positioning was very crowded on the long side&#34; going into the earnings season.</p><p>For consumer stock weakness, James pointed to &#34;clearly disappointing&#34; retail sales, which dropped 1.9% last month due to shortages of goods and an explosion of COVID-19 infections.</p><p>Separate data showed soaring inflation hit U.S. consumer sentiment in January, pushing it to its second lowest level in a decade.</p><p>Retail sales and bank loan growth raised doubts about the economic outlook for the current quarter and 2022 for Keith Buchanan, portfolio manager at Globalt in Atlanta.</p><p>&#34;The question is, does the economy have enough strength to get through the risk Omicron brings as fiscal and monetary stimulus is rolling off,&#34; Buchanan said.</p><p>According to preliminary data, the S&amp;P 500 gained 2.89 points, or 0.06%, to end at 4,661.92 points, while the Nasdaq Composite gained 81.98 points, or 0.55%, to 14,889.73. The Dow Jones Industrial Average fell 208.43 points, or 0.58%, to 35,905.19.</p><p>Analysts see S&amp;P 500 companies earnings rising 23.1% in the fourth quarter, according to IBES data from Refinitiv.</p><p>One bright spot in the bank sector on Friday however was Wells Fargo &amp; Co, which gained ground after posting a bigger-than-expected rise in fourth-quarter profit.</p><p>Casino operators Las Vegas Sands, Melco Resorts and Wynn Resorts rallied after Macau&#39;s government capped the number of new casino operators allowed to operate to six for a period of 10 years.</p><p>U.S. stock markets will remain shut on Monday for the public holiday in honor of Martin Luther King.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HD":"家得宝",".IXIC":"NASDAQ Composite","GS":"高盛","AXP":"美国运通","SPY":"标普500ETF","BK4533":"AQR资本管理(全球第二大对冲基金)",".SPX":"S&P 500 Index","BK4504":"桥水持仓","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓","BK4166":"消费信贷","BK4083":"家庭装潢零售",".DJI":"道琼斯","BK4566":"资本集团","BK4550":"红杉资本持仓","BK4567":"ESG概念"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2203201745","content_text":"The Dow closed lower with a big drag from financial stocks as investors were disappointed by fourth quarter results from big U.S. banks, which cast a shadow over the earnings season kick-off.The Nasdaq and the S&P regained lost ground in afternoon trading to close higher. Meanwhile the consumer discretionaryalso put pressure on major indexes after morning data showed a December decline in retail sales and a souring of consumer sentiment.JPMorgan Chase & Co tumbled after reporting weaker performance at its trading arm. The bellwether lender also warned that soaring inflation, the looming threat of Omicron and trading revenues would challenge industry growth in coming months.Along with JPMorgan, big decliners putting pressure on the Dow included Goldman Sachs, American Express and Home Depot.$Citigroup Inc(C-N)$ shares fell after it reported a 26% drop in fourth-quarter profit, while asset manager BlackRock Incfell after missing quarterly revenue expectations.The earnings kick-off had investors taking profits in the S&P 500 bank subsector after it had hit an intraday high in the previous session. Financial stocks had been outperforming the S&P recently as investors bet that the Federal Reserve's expected interest rate hikes will boost bank profits.\"The bar was very high going into (JPMorgan) results. On the surface it was good but, under the hood, not so much,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. In the interest rate hiking cycle expected this year \"positioning was very crowded on the long side\" going into the earnings season.For consumer stock weakness, James pointed to \"clearly disappointing\" retail sales, which dropped 1.9% last month due to shortages of goods and an explosion of COVID-19 infections.Separate data showed soaring inflation hit U.S. consumer sentiment in January, pushing it to its second lowest level in a decade.Retail sales and bank loan growth raised doubts about the economic outlook for the current quarter and 2022 for Keith Buchanan, portfolio manager at Globalt in Atlanta.\"The question is, does the economy have enough strength to get through the risk Omicron brings as fiscal and monetary stimulus is rolling off,\" Buchanan said.According to preliminary data, the S&P 500 gained 2.89 points, or 0.06%, to end at 4,661.92 points, while the Nasdaq Composite gained 81.98 points, or 0.55%, to 14,889.73. The Dow Jones Industrial Average fell 208.43 points, or 0.58%, to 35,905.19.Analysts see S&P 500 companies earnings rising 23.1% in the fourth quarter, according to IBES data from Refinitiv.One bright spot in the bank sector on Friday however was Wells Fargo & Co, which gained ground after posting a bigger-than-expected rise in fourth-quarter profit.Casino operators Las Vegas Sands, Melco Resorts and Wynn Resorts rallied after Macau's government capped the number of new casino operators allowed to operate to six for a period of 10 years.U.S. stock markets will remain shut on Monday for the public holiday in honor of Martin Luther King.","news_type":1,"symbols_score_info":{".DJI":0.9,"GS":0.9,".SPX":0.9,"AXP":0.9,"SPY":0.6,"HD":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":883,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189378154,"gmtCreate":1623246771078,"gmtModify":1704199248592,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"Like and comment pls ty","listText":"Like and comment pls ty","text":"Like and comment pls ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/189378154","repostId":"2142600282","repostType":4,"isVote":1,"tweetType":1,"viewCount":663,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112215915,"gmtCreate":1622873398737,"gmtModify":1704192855585,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"Like and comment pls ty","listText":"Like and comment pls ty","text":"Like and comment pls ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/112215915","repostId":"1106312903","repostType":4,"repost":{"id":"1106312903","kind":"news","pubTimestamp":1622855773,"share":"https://ttm.financial/m/news/1106312903?lang=en_US&edition=fundamental","pubTime":"2021-06-05 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1106312903","media":"Renaissance Capital","summary":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental h","content":"<p><b>Summary</b></p>\n<ul>\n <li>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</li>\n <li>Payments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.</li>\n <li>Chinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.</li>\n</ul>\n<p>Eight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.</p>\n<p>Payments platform&nbsp;<b>Marqeta</b>(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p>\n<p>Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p>\n<p>Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p>\n<p>Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p>\n<p>BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p>\n<p>Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p>\n<p>Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p>\n<p>Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p>\n<p>Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p>","source":"lsy1603787993745","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>U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO</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\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ZME":"掌门教育","MNDY":"Monday.com Ltd.",".DJI":"道琼斯","LFST":"LifeStance Health Group, Inc.","DIBS":"1stdibs.com Inc.",".IXIC":"NASDAQ Composite","MQ":"Marqeta, Inc.","TASK":"TaskUs Inc.","BZ":"BOSS直聘","ZETA":"Zeta Global Holdings Corp."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1,"symbols_score_info":{"LFST":0.9,".IXIC":0.9,"MNDY":0.9,".DJI":0.9,"BZ":0.9,"MQ":0.9,"ZETA":0.9,".SPX":0.9,"ZME":0.9,"TASK":0.9,"DIBS":0.9}},"isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571801721484161","authorId":"3571801721484161","name":"Keychain","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3571801721484161","idStr":"3571801721484161"},"content":"Pls Comment back thanKs","text":"Pls Comment back thanKs","html":"Pls Comment back thanKs"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198525263,"gmtCreate":1620972835152,"gmtModify":1704351370219,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"Like and comment pls ty","listText":"Like and comment pls ty","text":"Like and comment pls ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/198525263","repostId":"2135945620","repostType":4,"repost":{"id":"2135945620","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620936034,"share":"https://ttm.financial/m/news/2135945620?lang=en_US&edition=fundamental","pubTime":"2021-05-14 04:00","market":"us","language":"en","title":"Wall Street closes higher in 'buy the dip' session","url":"https://stock-news.laohu8.com/highlight/detail?id=2135945620","media":"Reuters","summary":"NEW YORK, May 13  - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.\"If this is a footrace, supply chains are still tying th","content":"<p>NEW YORK, May 13 (Reuters) - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.</p><p>All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.</p><p>Meanwhile, cyclical shares enjoyed the biggest gains.</p><p>Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.</p><p>\"If this is a footrace, supply chains are still tying their shoes,\" said David Carter, chief investment officer at Lenox Wealth Advisors in New York. \"But they will catch up with demand fairly quickly.\"</p><p>But on Thursday, investors appeared to be focusing on the glass-half-full side of the demand/supply equation.</p><p>This was evidenced by the outperformance of small caps, chips&nbsp;and transports , economically sensitive stocks that stand to gain as the United States emerges from the pandemic recession.</p><p>\"Sectors and stocks that were hurt most significantly by yesterday's sell-off rebounded strongly today given that economic growth is expected to remain strong throughout the year and any inflation is likely to be temporary,\" Carter added.</p><p>New applications for unemployment insurance continue to fall, according to jobless claims data from the Labor Department that hit a 14-month low.</p><p>Labor Department data also showed producer prices surged last month, building on the inflation surge narrative of Wednesday's consumer prices report.</p><p>\"The inflation boogeyman is back right on cue,\" Carter said. \"And will continue to spook markets for the coming months.\"</p><p>But rising prices were widely anticipated, and the U.S. Federal Reserve has provided repeated assurances that it does not foresee those spikes morphing into sustained, long-term inflation.</p><p>The Dow Jones Industrial Average rose 433.79 points, or 1.29%, to 34,021.45, the S&amp;P 500 gained 49.46 points, or 1.22%, to 4,112.5 and the Nasdaq Composite added 93.31 points, or 0.72%, to 13,124.99.</p><p>Of the 11 major sectors in the S&amp;P 500, 10 ended green, with industrials enjoying the largest percentage gain.</p><p>Energy, weighed by a drop in crude prices, was the sole loser, shedding 1.4%. [O/R]</p><p>Walt Disney Co shares were down nearly 5% in after-hours trading after posting quarterly results.</p><p>Dating app owner Bumble Inc tumbled 14.3%, falling below its initial public offering price, as investors remained cautious about how quickly users will return to in-person meetings.</p><p>Boeing Co rose 0.8% after gaining approval from U.S. regulators for a fix of an electrical grounding issue.</p><p>Tesla continued its slide, dropping 3.1%, the heaviest drag on the Nasdaq, after boss Elon Musk doubled down on his sudden rejection of cryptocurrency bitcoin.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 13 new 52-week highs and no new lows; the Nasdaq Composite recorded 49 new highs and 201 new lows.</p><p>Volume on U.S. exchanges was 11.50 billion shares, compared with the 10.53 billion average over the last 20 trading days.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Report：</i></b></p><p><a href=\"https://laohu8.com/NW/1143623731\" target=\"_blank\">Disney+ subscriber growth is slowing like Netflix's — with one worrisome difference</a></p><p><a href=\"https://laohu8.com/NW/1149765041\" target=\"_blank\">Coinbase revenue tripled from last quarter,To Offer Dogecoin In 6 To 8 Weeks</a></p><p><a href=\"https://laohu8.com/NW/2135732206\" target=\"_blank\">Airbnb bookings jump 52% as vaccinations spur vacation rental demand</a></p><p><a href=\"https://laohu8.com/NW/2135555675\" target=\"_blank\">DoorDash triples gross order volume and nearly triples revenue in first quarter</a></p><p><a href=\"https://laohu8.com/NW/2135283678\" target=\"_blank\">Aurora Cannabis stock plunges amid more large losses, stock-sale plans and cost cuts</a></p><p><a href=\"https://laohu8.com/NW/2135787576\" target=\"_blank\">Farfetch’s First-quarter Sales Run Up 46.4 Percent</a></p><p><a href=\"https://laohu8.com/NW/1100486329\" target=\"_blank\">Luminar stock dips after mixed Q1 report with wider than exp</a></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>Wall Street closes higher in 'buy the dip' session</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; 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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\">\nWall Street closes higher in 'buy the dip' session\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-14 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, May 13 (Reuters) - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.</p><p>All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.</p><p>Meanwhile, cyclical shares enjoyed the biggest gains.</p><p>Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.</p><p>\"If this is a footrace, supply chains are still tying their shoes,\" said David Carter, chief investment officer at Lenox Wealth Advisors in New York. \"But they will catch up with demand fairly quickly.\"</p><p>But on Thursday, investors appeared to be focusing on the glass-half-full side of the demand/supply equation.</p><p>This was evidenced by the outperformance of small caps, chips&nbsp;and transports , economically sensitive stocks that stand to gain as the United States emerges from the pandemic recession.</p><p>\"Sectors and stocks that were hurt most significantly by yesterday's sell-off rebounded strongly today given that economic growth is expected to remain strong throughout the year and any inflation is likely to be temporary,\" Carter added.</p><p>New applications for unemployment insurance continue to fall, according to jobless claims data from the Labor Department that hit a 14-month low.</p><p>Labor Department data also showed producer prices surged last month, building on the inflation surge narrative of Wednesday's consumer prices report.</p><p>\"The inflation boogeyman is back right on cue,\" Carter said. \"And will continue to spook markets for the coming months.\"</p><p>But rising prices were widely anticipated, and the U.S. Federal Reserve has provided repeated assurances that it does not foresee those spikes morphing into sustained, long-term inflation.</p><p>The Dow Jones Industrial Average rose 433.79 points, or 1.29%, to 34,021.45, the S&amp;P 500 gained 49.46 points, or 1.22%, to 4,112.5 and the Nasdaq Composite added 93.31 points, or 0.72%, to 13,124.99.</p><p>Of the 11 major sectors in the S&amp;P 500, 10 ended green, with industrials enjoying the largest percentage gain.</p><p>Energy, weighed by a drop in crude prices, was the sole loser, shedding 1.4%. [O/R]</p><p>Walt Disney Co shares were down nearly 5% in after-hours trading after posting quarterly results.</p><p>Dating app owner Bumble Inc tumbled 14.3%, falling below its initial public offering price, as investors remained cautious about how quickly users will return to in-person meetings.</p><p>Boeing Co rose 0.8% after gaining approval from U.S. regulators for a fix of an electrical grounding issue.</p><p>Tesla continued its slide, dropping 3.1%, the heaviest drag on the Nasdaq, after boss Elon Musk doubled down on his sudden rejection of cryptocurrency bitcoin.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 13 new 52-week highs and no new lows; the Nasdaq Composite recorded 49 new highs and 201 new lows.</p><p>Volume on U.S. exchanges was 11.50 billion shares, compared with the 10.53 billion average over the last 20 trading days.</p><p><b><i>Financial</i></b><b>&nbsp;</b><b><i>Report：</i></b></p><p><a href=\"https://laohu8.com/NW/1143623731\" target=\"_blank\">Disney+ subscriber growth is slowing like Netflix's — with one worrisome difference</a></p><p><a href=\"https://laohu8.com/NW/1149765041\" target=\"_blank\">Coinbase revenue tripled from last quarter,To Offer Dogecoin In 6 To 8 Weeks</a></p><p><a href=\"https://laohu8.com/NW/2135732206\" target=\"_blank\">Airbnb bookings jump 52% as vaccinations spur vacation rental demand</a></p><p><a href=\"https://laohu8.com/NW/2135555675\" target=\"_blank\">DoorDash triples gross order volume and nearly triples revenue in first quarter</a></p><p><a href=\"https://laohu8.com/NW/2135283678\" target=\"_blank\">Aurora Cannabis stock plunges amid more large losses, stock-sale plans and cost cuts</a></p><p><a href=\"https://laohu8.com/NW/2135787576\" target=\"_blank\">Farfetch’s First-quarter Sales Run Up 46.4 Percent</a></p><p><a href=\"https://laohu8.com/NW/1100486329\" target=\"_blank\">Luminar stock dips after mixed Q1 report with wider than exp</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135945620","content_text":"NEW YORK, May 13 (Reuters) - Wall Street ended sharply higher at the close of a broad rally on Thursday, bouncing back from three straight days of selling on upbeat labor market data.All three major U.S. stock indexes notched solid gains, with the Nasdaq, weighed by Tesla Inc , picking up the rear.Meanwhile, cyclical shares enjoyed the biggest gains.Recent economic data has prompted inflation fears as scarcity of both materials and workers threatens to send prices surging in the face of a demand boom.\"If this is a footrace, supply chains are still tying their shoes,\" said David Carter, chief investment officer at Lenox Wealth Advisors in New York. \"But they will catch up with demand fairly quickly.\"But on Thursday, investors appeared to be focusing on the glass-half-full side of the demand/supply equation.This was evidenced by the outperformance of small caps, chips and transports , economically sensitive stocks that stand to gain as the United States emerges from the pandemic recession.\"Sectors and stocks that were hurt most significantly by yesterday's sell-off rebounded strongly today given that economic growth is expected to remain strong throughout the year and any inflation is likely to be temporary,\" Carter added.New applications for unemployment insurance continue to fall, according to jobless claims data from the Labor Department that hit a 14-month low.Labor Department data also showed producer prices surged last month, building on the inflation surge narrative of Wednesday's consumer prices report.\"The inflation boogeyman is back right on cue,\" Carter said. \"And will continue to spook markets for the coming months.\"But rising prices were widely anticipated, and the U.S. Federal Reserve has provided repeated assurances that it does not foresee those spikes morphing into sustained, long-term inflation.The Dow Jones Industrial Average rose 433.79 points, or 1.29%, to 34,021.45, the S&P 500 gained 49.46 points, or 1.22%, to 4,112.5 and the Nasdaq Composite added 93.31 points, or 0.72%, to 13,124.99.Of the 11 major sectors in the S&P 500, 10 ended green, with industrials enjoying the largest percentage gain.Energy, weighed by a drop in crude prices, was the sole loser, shedding 1.4%. [O/R]Walt Disney Co shares were down nearly 5% in after-hours trading after posting quarterly results.Dating app owner Bumble Inc tumbled 14.3%, falling below its initial public offering price, as investors remained cautious about how quickly users will return to in-person meetings.Boeing Co rose 0.8% after gaining approval from U.S. regulators for a fix of an electrical grounding issue.Tesla continued its slide, dropping 3.1%, the heaviest drag on the Nasdaq, after boss Elon Musk doubled down on his sudden rejection of cryptocurrency bitcoin.Advancing issues outnumbered declining ones on the NYSE by a 1.91-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.The S&P 500 posted 13 new 52-week highs and no new lows; the Nasdaq Composite recorded 49 new highs and 201 new lows.Volume on U.S. exchanges was 11.50 billion shares, compared with the 10.53 billion average over the last 20 trading days.Financial Report：Disney+ subscriber growth is slowing like Netflix's — with one worrisome differenceCoinbase revenue tripled from last quarter,To Offer Dogecoin In 6 To 8 WeeksAirbnb bookings jump 52% as vaccinations spur vacation rental demandDoorDash triples gross order volume and nearly triples revenue in first quarterAurora Cannabis stock plunges amid more large losses, stock-sale plans and cost cutsFarfetch’s First-quarter Sales Run Up 46.4 PercentLuminar stock dips after mixed Q1 report with wider than exp","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":658,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574744258604327","authorId":"3574744258604327","name":"Jun168","avatar":"https://static.tigerbbs.com/603a91ebeaac6760694ed984608404f6","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"3574744258604327","idStr":"3574744258604327"},"content":"Reply my comment plS","text":"Reply my comment plS","html":"Reply my comment plS"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193546191,"gmtCreate":1620803290613,"gmtModify":1704348656048,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"Like and comment ty","listText":"Like and comment ty","text":"Like and comment ty","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/193546191","repostId":"1139120087","repostType":4,"isVote":1,"tweetType":1,"viewCount":664,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075551132,"gmtCreate":1658231537126,"gmtModify":1676536125376,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9075551132","repostId":"1130997965","repostType":4,"isVote":1,"tweetType":1,"viewCount":897,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081568333,"gmtCreate":1650254074842,"gmtModify":1676534680066,"author":{"id":"3573789293829232","authorId":"3573789293829232","name":"btoh","avatar":"https://static.tigerbbs.com/5a7c2d714604fc804a48646ee397f912","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3573789293829232","idStr":"3573789293829232"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081568333","repostId":"2228379987","repostType":4,"isVote":1,"tweetType":1,"viewCount":736,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}