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crew on Thursday, where he offered a dramatically different vision of the present economic scenario vis-a-vis inflation.</p>\n<p>Inan interview where heexpounded upon his claim that the US is already grappling with real inflation rates above 10%, the billionaire investor proclaimed that \"in every single aspect of life, I see inflation.\"</p>\n<p><img src=\"https://static.tigerbbs.com/d1d2089581ea201564daaba8b5aac961\" tg-width=\"521\" tg-height=\"310\"></p>\n<p>Why? Because during the past year and a half, the Fed has introduced more broad money into the American economy in the shortest time than we have seen at any point in American history.</p>\n<blockquote>\n \"I think look we're going to see a short-term turn-down in inflation because the initial inflationary burst was enormous...this transitory comment may play out to be true for a short period of time but I hink Sarah when you look at the the money supply the broad money in the US system from 1980 to 2010 it it vacillated between 50% and 60% of GDP and post the global financial crisis it moved up from roughly 60% to 68% 69% of GDP now that we're approaching 90 so in the one year period one and a half year period since COVID started we have introduced 34% more broad money in our system in the shortest time period in the history United States so we're going to see prices stay high and move higher over time if the fed continues to expand its balance sheet,\" Bass said.\n</blockquote>\n<p>Even as the financial press prattles on about the significance of the Fed finally starting to consider tapering its asset purchases, Bass believes that the central bank won't be able to shrink its balance sheet so easily.</p>\n<blockquote>\n \"We're going to see prices stay high and move higher over time if the Fed continues to expand its balance sheet which I think it will,\" Bass said.\n</blockquote>\n<p>So, what can investors do to fight this \"inflation monster\", as Bass colorfully described it. Well, he suggested they focus on hard assets like commodities and real estate,which BlackRock is already buying up in droves.</p>\n<p>Equities should \"do fine\", Bass said, citing data purporting to show that equity prices keep up with between 95% and 88% of inflation over the long term (though that certainly doesn't seem to fit the last decade).</p>\n<p>As for his assessment of inflation and its dramatic difference with the Fed's view, Bass quipped: \"Your bank account is the final determinant whether there is inflation or not,\" he concluded, highlighting the higher prices consumers have seen for things like food and cars.\"</p>\n<blockquote>\n \"If you're in the market place you want to own commodities if you’re in the real world you want to own productive real estate you even want to buy rural land in front of major demographic moves in the US...I’d rather own hard assets than equities today because I think we’re only seeing just the beginning of population moves in the US.\"\n</blockquote>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nKyle Bass Slams Fed, Sees Inflation Everywhere He Looks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/kyle-bass-warns-every-aspect-my-life-i-see-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With US stocks back at all-time highs as the market seemingly shrugged off the FOMC's reaction to the latest inflation numbers,Hayman Capital's Kyle Bass returned to CNBCfor an interview with the \"...</p>\n\n<a href=\"https://www.zerohedge.com/markets/kyle-bass-warns-every-aspect-my-life-i-see-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">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","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/kyle-bass-warns-every-aspect-my-life-i-see-inflation?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134836867","content_text":"With US stocks back at all-time highs as the market seemingly shrugged off the FOMC's reaction to the latest inflation numbers,Hayman Capital's Kyle Bass returned to CNBCfor an interview with the \"Closing Bell\" crew on Thursday, where he offered a dramatically different vision of the present economic scenario vis-a-vis inflation.\nInan interview where heexpounded upon his claim that the US is already grappling with real inflation rates above 10%, the billionaire investor proclaimed that \"in every single aspect of life, I see inflation.\"\n\nWhy? Because during the past year and a half, the Fed has introduced more broad money into the American economy in the shortest time than we have seen at any point in American history.\n\n \"I think look we're going to see a short-term turn-down in inflation because the initial inflationary burst was enormous...this transitory comment may play out to be true for a short period of time but I hink Sarah when you look at the the money supply the broad money in the US system from 1980 to 2010 it it vacillated between 50% and 60% of GDP and post the global financial crisis it moved up from roughly 60% to 68% 69% of GDP now that we're approaching 90 so in the one year period one and a half year period since COVID started we have introduced 34% more broad money in our system in the shortest time period in the history United States so we're going to see prices stay high and move higher over time if the fed continues to expand its balance sheet,\" Bass said.\n\nEven as the financial press prattles on about the significance of the Fed finally starting to consider tapering its asset purchases, Bass believes that the central bank won't be able to shrink its balance sheet so easily.\n\n \"We're going to see prices stay high and move higher over time if the Fed continues to expand its balance sheet which I think it will,\" Bass said.\n\nSo, what can investors do to fight this \"inflation monster\", as Bass colorfully described it. Well, he suggested they focus on hard assets like commodities and real estate,which BlackRock is already buying up in droves.\nEquities should \"do fine\", Bass said, citing data purporting to show that equity prices keep up with between 95% and 88% of inflation over the long term (though that certainly doesn't seem to fit the last decade).\nAs for his assessment of inflation and its dramatic difference with the Fed's view, Bass quipped: \"Your bank account is the final determinant whether there is inflation or not,\" he concluded, highlighting the higher prices consumers have seen for things like food and cars.\"\n\n \"If you're in the market place you want to own commodities if you’re in the real world you want to own productive real estate you even want to buy rural land in front of major demographic moves in the US...I’d rather own hard assets than equities today because I think we’re only seeing just the beginning of population moves in the 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to be a millennial 101","listText":"How to be a millennial 101","text":"How to be a millennial 101","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/183594394","repostId":"1119957571","repostType":4,"isVote":1,"tweetType":1,"viewCount":949,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571782327892977","authorId":"3571782327892977","name":"VincentYeo","avatar":"https://static.tigerbbs.com/304c3897d2ddafdd707517fbd4c7a86d","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3571782327892977","idStr":"3571782327892977"},"content":"who wants to be a millennial","text":"who wants to be a millennial","html":"who wants to be a 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21:56","market":"us","language":"en","title":"Amazon: The Cash Will Come","url":"https://stock-news.laohu8.com/highlight/detail?id=1139790754","media":"seekingalpha","summary":"Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free ca","content":"<p><b>Summary</b></p>\n<ul>\n <li>Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.</li>\n <li>Lagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.</li>\n <li>After lagging the market, the company is trading at an attractive valuation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a085447e5042d959bca14408fd50b9d\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Bet_Noire/iStock via Getty Images</span></p>\n<p>Short-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.</p>\n<p>Although Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.</p>\n<p><b>COVID Beneficiary</b></p>\n<p>Amazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it&nbsp;acquired&nbsp;Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?</p>\n<p>In 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:</p>\n<ul>\n <li>3rd Party Seller Services increased 49.6% to $80.4 billion.</li>\n <li>Online stores increased 39.7% to $197 billion.</li>\n</ul>\n<p>In 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:</p>\n<ul>\n <li>Subscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.</li>\n <li>AWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.</li>\n</ul>\n<p>Physical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.</p>\n<p>The COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.</p>\n<p>The company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.</p>\n<p>GAAP EPS grew an incredible 81.8% y/y to $41.83 per share.</p>\n<p><b>Where Is My Money?</b></p>\n<p>Although revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.</p>\n<p>This because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.</p>\n<p>On top of all this spending, the company, on May 26, Amazon&nbsp;announced&nbsp;the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.</p>\n<p><b>The Spending and Free Cash Flow Cycle</b></p>\n<p>In my 2017 article,<i>Amazon Bears Will Get Crushed</i>, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.</p>\n<p>Back in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.</p>\n<p>Relax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.</p>\n<p>We can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-<i>cumulatively</i>.</p>\n<p>By 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.</p>\n<p>Wall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.</p>\n<p><b>The Market Opportunity</b></p>\n<p>Some investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.</p>\n<p>The market opportunity, however, is much more massive.</p>\n<p>Amazon's&nbsp;share&nbsp;of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.</p>\n<p>Amazon is aggressively going after the much larger global retail market, which is&nbsp;sized&nbsp;at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.</p>\n<p>A large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.</p>\n<p>Another areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.</p>\n<p>The global cloud computing market is&nbsp;expected&nbsp;to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.</p>\n<p>If Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.</p>\n<p>Management does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.</p>\n<p>Amazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.</p>\n<p>But we do know one thing: the opportunity for continued growth is massive.</p>\n<p><b>Valuation</b></p>\n<p>Like most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.</p>\n<p>Currently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&amp;P 500, the lowest in 5 years.</p>\n<p>On free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.</p>\n<p><b>Takeaway</b></p>\n<p>Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.</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>Amazon: The Cash Will Come</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\">\nAmazon: The Cash Will Come\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432586-amazon-the-cash-will-come><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.\nLagging free cash flow growth in 2020 and 2021 is due to investment to support growth, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432586-amazon-the-cash-will-come\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4432586-amazon-the-cash-will-come","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139790754","content_text":"Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.\nLagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.\nAfter lagging the market, the company is trading at an attractive valuation.\n\nPhoto by Bet_Noire/iStock via Getty Images\nShort-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.\nAlthough Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.\nCOVID Beneficiary\nAmazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it acquired Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?\nIn 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:\n\n3rd Party Seller Services increased 49.6% to $80.4 billion.\nOnline stores increased 39.7% to $197 billion.\n\nIn 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:\n\nSubscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.\nAWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.\n\nPhysical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.\nThe COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.\nThe company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.\nGAAP EPS grew an incredible 81.8% y/y to $41.83 per share.\nWhere Is My Money?\nAlthough revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.\nThis because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.\nOn top of all this spending, the company, on May 26, Amazon announced the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.\nThe Spending and Free Cash Flow Cycle\nIn my 2017 article,Amazon Bears Will Get Crushed, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.\nBack in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.\nRelax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.\nWe can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-cumulatively.\nBy 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.\nWall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.\nThe Market Opportunity\nSome investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.\nThe market opportunity, however, is much more massive.\nAmazon's share of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.\nAmazon is aggressively going after the much larger global retail market, which is sized at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.\nA large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.\nAnother areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.\nThe global cloud computing market is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.\nIf Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.\nManagement does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.\nAmazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.\nBut we do know one thing: the opportunity for continued growth is massive.\nValuation\nLike most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.\nCurrently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&P 500, the lowest in 5 years.\nOn free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.\nTakeaway\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1037,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137330327,"gmtCreate":1622296406769,"gmtModify":1704182798606,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576670554241881","idStr":"3576670554241881"},"themes":[],"htmlText":"Ohno","listText":"Ohno","text":"Ohno","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/137330327","repostId":"2138765488","repostType":4,"repost":{"id":"2138765488","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":1622215232,"share":"https://ttm.financial/m/news/2138765488?lang=en_US&edition=fundamental","pubTime":"2021-05-28 23:20","market":"us","language":"en","title":"Tesla shares dip on recall rumors","url":"https://stock-news.laohu8.com/highlight/detail?id=2138765488","media":"Reuters","summary":"May 28  - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","content":"<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</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>Tesla shares dip on recall rumors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla shares dip on recall rumors\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\">2021-05-28 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138765488","content_text":"May 28 (Reuters) - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1090,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134031129,"gmtCreate":1622191018161,"gmtModify":1704181182340,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576670554241881","idStr":"3576670554241881"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/134031129","repostId":"2138103707","repostType":4,"repost":{"id":"2138103707","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":1622186850,"share":"https://ttm.financial/m/news/2138103707?lang=en_US&edition=fundamental","pubTime":"2021-05-28 15:27","market":"sg","language":"en","title":"Taiwan leads most Asian shares higher, Malaysia down on COVID-19 hit","url":"https://stock-news.laohu8.com/highlight/detail?id=2138103707","media":"Reuters","summary":"* Philippines recoups losses, set to post 8% weekly gain* Malaysia reports record spike in daily COV","content":"<p>* Philippines recoups losses, set to post 8% weekly gain</p><p>* Malaysia reports record spike in daily COVID-19 cases</p><p>* Taiwan dlr, S. Korean won lead Asian currencies higher</p><p>May 28 (Reuters) - Taiwan led most of Asia's emerging market equities higher on Friday as investors cheered positive U.S. economic data and plans for trillions of dollars in federal spending, while Malaysian shares fell as COVID-19 cases hit a daily record.</p><p>The region's currencies held on to gains ahead of U.S. inflation data, with the Taiwan dollar    and the South Korean won    leading gains against the greenback.</p><p>On Thursday, the New York Times reported that President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, while data showed that the number of Americans filing jobless claims dropped more than expected last week.</p><p>\"Asia appears to feel that some of that goody bag will fall their way, and Asian equity markets have risen today,\" Jeffrey Halley, a senior market analyst at brokerage OANDA, said in a note.</p><p>Prior to market opening, the People's Bank of China (PBOC) set the yuan midpoint rate    at 6.3858 per dollar, firmer than the previous fix of 6.403.</p><p>\"That has lifted the currencies of neighbouring South Korea and Taiwan...PBOC made it easier for financial institutions to secure off-shore funding for their balance sheets,\" Halley said.</p><p>U.S. inflation data due at 1230 GMT on Friday will also be a big focus, as a high reading could fuel expectations of policy tightening by the Federal Reserve.</p><p>Taiwanese stocks    jumped 1.6%, hitting their highest in over two weeks.</p><p>The island's first batch of 150,000 COVID-19 vaccine doses, out of more than 5 million ordered from Moderna Inc   , is set to arrive on Friday.</p><p>Philippine shares    recouped losses accrued earlier in the session to rise 0.1%. The benchmark is set to gain nearly 8% for the week.</p><p>Thai stocks    jumped 0.4%, extending gains to a third session. The country said it planned more measures to retain jobs and boost domestic consumption, as it struggles with a severe third wave of infections.</p><p>On the downside, Malaysian stocks dipped as the country reported 7,857 new coronavirus cases in its third straight day of record infections.</p><p>This raised fears that Malaysia's tepid domestic recovery will seriously falter, Halley said.</p><p>\"A complete nationwide lockdown cannot be ruled out, with some state rulers urging the federal government to do this,\" Prakash Sakpal and Nicholas Mapa, analysts at brokerage ING, said in a note.</p><p>HIGHLIGHTS</p><p>**Indonesian 10-year benchmark yields are down 1.9 basis points at 6.426%</p><p>**Thailand's 3-year benchmark yield is up 1 basis points at 0.57%</p><p>**Top losers in Malaysia are Hong Leong Financial Group and Supermax Corp</p><p>Asia stock indexes and currencies</p><p>at   0651 GMT</p><p>COUNTRY   FX RIC          FX     FX  INDE  STOCKS  STOCKS</p><p>DAILY %  YTD %     X   DAILY   YTD %</p><p>%</p><p>Japan              -0.09  -6.06  &lt;.N2   2.1     6.2</p><p>25&gt;</p><p>China     &lt;CNY=CFXS    +0.16  +2.42  &lt;.SS   -0.42    3.47</p><p>&gt;                          EC&gt;</p><p>India            +0.21  +0.86  &lt;.NS    0.61   10.37</p><p>EI&gt;</p><p>Indonesi           -0.16  -1.87  &lt;.JK   -0.01   -2.31</p><p>a                                    SE&gt;</p><p>Malaysia           +0.07  -2.78  &lt;.KL   -0.32   -2.36</p><p>SE&gt;</p><p>Philippi           +0.15  +0.36  &lt;.PS    0.14   -6.52</p><p>nes                                  I&gt;</p><p>S.Korea   &lt;KRW=KFTC    +0.23  -2.63  &lt;.KS    0.73   10.97</p><p>&gt;                          11&gt;</p><p>Singapor           -0.01  -0.23  &lt;.ST    0.64   12.00</p><p>e                                    I&gt;</p><p>Taiwan           +0.31  +2.70  &lt;.TW    1.62   14.51</p><p>II&gt;</p><p>Thailand         +0.06  -4.19  &lt;.SE    0.39    9.65</p><p>TI&gt;</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>Taiwan leads most Asian shares higher, Malaysia down on COVID-19 hit</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\">\nTaiwan leads most Asian shares higher, Malaysia down on COVID-19 hit\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\">2021-05-28 15:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Philippines recoups losses, set to post 8% weekly gain</p><p>* Malaysia reports record spike in daily COVID-19 cases</p><p>* Taiwan dlr, S. Korean won lead Asian currencies higher</p><p>May 28 (Reuters) - Taiwan led most of Asia's emerging market equities higher on Friday as investors cheered positive U.S. economic data and plans for trillions of dollars in federal spending, while Malaysian shares fell as COVID-19 cases hit a daily record.</p><p>The region's currencies held on to gains ahead of U.S. inflation data, with the Taiwan dollar    and the South Korean won    leading gains against the greenback.</p><p>On Thursday, the New York Times reported that President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, while data showed that the number of Americans filing jobless claims dropped more than expected last week.</p><p>\"Asia appears to feel that some of that goody bag will fall their way, and Asian equity markets have risen today,\" Jeffrey Halley, a senior market analyst at brokerage OANDA, said in a note.</p><p>Prior to market opening, the People's Bank of China (PBOC) set the yuan midpoint rate    at 6.3858 per dollar, firmer than the previous fix of 6.403.</p><p>\"That has lifted the currencies of neighbouring South Korea and Taiwan...PBOC made it easier for financial institutions to secure off-shore funding for their balance sheets,\" Halley said.</p><p>U.S. inflation data due at 1230 GMT on Friday will also be a big focus, as a high reading could fuel expectations of policy tightening by the Federal Reserve.</p><p>Taiwanese stocks    jumped 1.6%, hitting their highest in over two weeks.</p><p>The island's first batch of 150,000 COVID-19 vaccine doses, out of more than 5 million ordered from Moderna Inc   , is set to arrive on Friday.</p><p>Philippine shares    recouped losses accrued earlier in the session to rise 0.1%. The benchmark is set to gain nearly 8% for the week.</p><p>Thai stocks    jumped 0.4%, extending gains to a third session. The country said it planned more measures to retain jobs and boost domestic consumption, as it struggles with a severe third wave of infections.</p><p>On the downside, Malaysian stocks dipped as the country reported 7,857 new coronavirus cases in its third straight day of record infections.</p><p>This raised fears that Malaysia's tepid domestic recovery will seriously falter, Halley said.</p><p>\"A complete nationwide lockdown cannot be ruled out, with some state rulers urging the federal government to do this,\" Prakash Sakpal and Nicholas Mapa, analysts at brokerage ING, said in a note.</p><p>HIGHLIGHTS</p><p>**Indonesian 10-year benchmark yields are down 1.9 basis points at 6.426%</p><p>**Thailand's 3-year benchmark yield is up 1 basis points at 0.57%</p><p>**Top losers in Malaysia are Hong Leong Financial Group and Supermax Corp</p><p>Asia stock indexes and currencies</p><p>at   0651 GMT</p><p>COUNTRY   FX RIC          FX     FX  INDE  STOCKS  STOCKS</p><p>DAILY %  YTD %     X   DAILY   YTD %</p><p>%</p><p>Japan              -0.09  -6.06  &lt;.N2   2.1     6.2</p><p>25&gt;</p><p>China     &lt;CNY=CFXS    +0.16  +2.42  &lt;.SS   -0.42    3.47</p><p>&gt;                          EC&gt;</p><p>India            +0.21  +0.86  &lt;.NS    0.61   10.37</p><p>EI&gt;</p><p>Indonesi           -0.16  -1.87  &lt;.JK   -0.01   -2.31</p><p>a                                    SE&gt;</p><p>Malaysia           +0.07  -2.78  &lt;.KL   -0.32   -2.36</p><p>SE&gt;</p><p>Philippi           +0.15  +0.36  &lt;.PS    0.14   -6.52</p><p>nes                                  I&gt;</p><p>S.Korea   &lt;KRW=KFTC    +0.23  -2.63  &lt;.KS    0.73   10.97</p><p>&gt;                          11&gt;</p><p>Singapor           -0.01  -0.23  &lt;.ST    0.64   12.00</p><p>e                                    I&gt;</p><p>Taiwan           +0.31  +2.70  &lt;.TW    1.62   14.51</p><p>II&gt;</p><p>Thailand         +0.06  -4.19  &lt;.SE    0.39    9.65</p><p>TI&gt;</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138103707","content_text":"* Philippines recoups losses, set to post 8% weekly gain* Malaysia reports record spike in daily COVID-19 cases* Taiwan dlr, S. Korean won lead Asian currencies higherMay 28 (Reuters) - Taiwan led most of Asia's emerging market equities higher on Friday as investors cheered positive U.S. economic data and plans for trillions of dollars in federal spending, while Malaysian shares fell as COVID-19 cases hit a daily record.The region's currencies held on to gains ahead of U.S. inflation data, with the Taiwan dollar    and the South Korean won    leading gains against the greenback.On Thursday, the New York Times reported that President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, while data showed that the number of Americans filing jobless claims dropped more than expected last week.\"Asia appears to feel that some of that goody bag will fall their way, and Asian equity markets have risen today,\" Jeffrey Halley, a senior market analyst at brokerage OANDA, said in a note.Prior to market opening, the People's Bank of China (PBOC) set the yuan midpoint rate    at 6.3858 per dollar, firmer than the previous fix of 6.403.\"That has lifted the currencies of neighbouring South Korea and Taiwan...PBOC made it easier for financial institutions to secure off-shore funding for their balance sheets,\" Halley said.U.S. inflation data due at 1230 GMT on Friday will also be a big focus, as a high reading could fuel expectations of policy tightening by the Federal Reserve.Taiwanese stocks    jumped 1.6%, hitting their highest in over two weeks.The island's first batch of 150,000 COVID-19 vaccine doses, out of more than 5 million ordered from Moderna Inc   , is set to arrive on Friday.Philippine shares    recouped losses accrued earlier in the session to rise 0.1%. The benchmark is set to gain nearly 8% for the week.Thai stocks    jumped 0.4%, extending gains to a third session. The country said it planned more measures to retain jobs and boost domestic consumption, as it struggles with a severe third wave of infections.On the downside, Malaysian stocks dipped as the country reported 7,857 new coronavirus cases in its third straight day of record infections.This raised fears that Malaysia's tepid domestic recovery will seriously falter, Halley said.\"A complete nationwide lockdown cannot be ruled out, with some state rulers urging the federal government to do this,\" Prakash Sakpal and Nicholas Mapa, analysts at brokerage ING, said in a note.HIGHLIGHTS**Indonesian 10-year benchmark yields are down 1.9 basis points at 6.426%**Thailand's 3-year benchmark yield is up 1 basis points at 0.57%**Top losers in Malaysia are Hong Leong Financial Group and Supermax CorpAsia stock indexes and currenciesat   0651 GMTCOUNTRY   FX RIC          FX     FX  INDE  STOCKS  STOCKSDAILY %  YTD %     X   DAILY   YTD %%Japan              -0.09  -6.06  <.N2   2.1     6.225>China     <CNY=CFXS    +0.16  +2.42  <.SS   -0.42    3.47>                          EC>India            +0.21  +0.86  <.NS    0.61   10.37EI>Indonesi           -0.16  -1.87  <.JK   -0.01   -2.31a                                    SE>Malaysia           +0.07  -2.78  <.KL   -0.32   -2.36SE>Philippi           +0.15  +0.36  <.PS    0.14   -6.52nes                                  I>S.Korea   <KRW=KFTC    +0.23  -2.63  <.KS    0.73   10.97>                          11>Singapor           -0.01  -0.23  <.ST    0.64   12.00e                                    I>Taiwan           +0.31  +2.70  <.TW    1.62   14.51II>Thailand         +0.06  -4.19  <.SE    0.39    9.65TI>","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134039288,"gmtCreate":1622190864544,"gmtModify":1704181179384,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576670554241881","idStr":"3576670554241881"},"themes":[],"htmlText":"Apple&nbsp;","listText":"Apple&nbsp;","text":"Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/134039288","repostId":"1129933835","repostType":4,"repost":{"id":"1129933835","kind":"news","pubTimestamp":1622186422,"share":"https://ttm.financial/m/news/1129933835?lang=en_US&edition=fundamental","pubTime":"2021-05-28 15:20","market":"us","language":"en","title":"Apple's First Data Center In China To Store Local Data Begins Operations Amid Controversy","url":"https://stock-news.laohu8.com/highlight/detail?id=1129933835","media":"benzinga","summary":"Apple Inc’s data center, operated by a local firm, has begun operations in the southwestern province","content":"<div>\n<p>Apple Inc’s data center, operated by a local firm, has begun operations in the southwestern province of Guizhou, China,reportedAppleInsider Thursday.What Happened:The data center will store consumer ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21333664/apples-first-data-center-in-china-to-store-local-data-begins-operations-amid-controversy\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","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>Apple's First Data Center In China To Store Local Data Begins Operations Amid Controversy</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\">\nApple's First Data Center In China To Store Local Data Begins Operations Amid Controversy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 15:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/05/21333664/apples-first-data-center-in-china-to-store-local-data-begins-operations-amid-controversy><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple Inc’s data center, operated by a local firm, has begun operations in the southwestern province of Guizhou, China,reportedAppleInsider Thursday.What Happened:The data center will store consumer ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/05/21333664/apples-first-data-center-in-china-to-store-local-data-begins-operations-amid-controversy\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.benzinga.com/news/21/05/21333664/apples-first-data-center-in-china-to-store-local-data-begins-operations-amid-controversy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129933835","content_text":"Apple Inc’s data center, operated by a local firm, has begun operations in the southwestern province of Guizhou, China,reportedAppleInsider Thursday.What Happened:The data center will store consumer data of Apple’s Chinese customers, which according to local regulations must be stored domestically.Guizhou-Cloud Big Data will operate the data center of the California-based tech giant and the former will reportedly own Apple iCloud data in the East Asian country.The data center will “improve Chinese users' experience in terms of access speed and service reliability\" state-owned media reported, as per Appleinsider.Why It Matters:A second data center is also planned by the iPhone maker in the country's Inner Mongolia Autonomous Region.Regulations in the United States bar Apple from giving Chinese authorities the consumer data, but since GCBD is the legal owner, the Chinese officials can direct their demands at the latter.Last week, Telegram founder Pavel Durovcame down heavilyon Apple for bowing to the Chinese government and shared anarticlefrom the New York Times which criticized Apple’s data center efforts in China.The article noted that Apple had largely ceded control over data to the Chinese government.Price Action:On Thursday, Apple shares closed nearly 1.2% lower at $125.28 in the regular session and rose 0.61% in the after-hours session.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1051,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132004024,"gmtCreate":1622042857168,"gmtModify":1704178454183,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576670554241881","idStr":"3576670554241881"},"themes":[],"htmlText":"Ooooo","listText":"Ooooo","text":"Ooooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/132004024","repostId":"1111418097","repostType":4,"repost":{"id":"1111418097","kind":"news","pubTimestamp":1622041378,"share":"https://ttm.financial/m/news/1111418097?lang=en_US&edition=fundamental","pubTime":"2021-05-26 23:02","market":"us","language":"en","title":"Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post","url":"https://stock-news.laohu8.com/highlight/detail?id=1111418097","media":"coindesk","summary":"Apple is looking to hire a business development manager with experience in the cryptocurrency indust","content":"<p>Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.</p><p>In a Wednesday&nbsp;job posting, Apple said candidates should have five years or more “working in or with alternative payment providers, such as digital wallets, BNPL [buy now pay later], Fast Payments, cryptocurrency and etc.”</p><p>The Cupertino tech giant said the manager would be Apple’s chief negotiator for the alternative payments space.</p><p>“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” the company wrote.</p><p>Apple has long maintained an ironclad grip over payments, especially in its App Store, which has never accepted customers’ crypto and forces all catalog apps to use Apple’s commerce rails and play by Apple’s rules.</p><p>That tightly-controlled ecosystem is the focus of a blockbuster court fight launched by Fortnite developer Epic Games. Epic alleges Apple’s rules violate antitrust laws and stifle payments innovation. App developers could accept “bitcoin or other cryptocurrencies” if not for Apple’s restrictions, Epicclaimedin the suit.</p><p>Apple has made no public statements about its plans for the crypto space. The company did not immediately return CoinDesk’s calls.</p><p>Even so, pockets of the crypto space seem to be preparing for Apple. Coinbase included Apple Pay graphics in a recent app update, according toMacRumors.</p>","source":"lsy1572937250936","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>Apple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post</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\">\nApple Is Looking for Crypto Experience in ‘Alternative Payments’ Job Post\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post><strong>coindesk</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.In a Wednesday job posting, Apple said ...</p>\n\n<a href=\"https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.coindesk.com/apple-is-looking-for-crypto-experience-in-alternative-payments-job-post","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111418097","content_text":"Apple is looking to hire a business development manager with experience in the cryptocurrency industry to lead its “alternative payments” partnership program.In a Wednesday job posting, Apple said candidates should have five years or more “working in or with alternative payment providers, such as digital wallets, BNPL [buy now pay later], Fast Payments, cryptocurrency and etc.”The Cupertino tech giant said the manager would be Apple’s chief negotiator for the alternative payments space.“The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships,” the company wrote.Apple has long maintained an ironclad grip over payments, especially in its App Store, which has never accepted customers’ crypto and forces all catalog apps to use Apple’s commerce rails and play by Apple’s rules.That tightly-controlled ecosystem is the focus of a blockbuster court fight launched by Fortnite developer Epic Games. Epic alleges Apple’s rules violate antitrust laws and stifle payments innovation. App developers could accept “bitcoin or other cryptocurrencies” if not for Apple’s restrictions, Epicclaimedin the suit.Apple has made no public statements about its plans for the crypto space. The company did not immediately return CoinDesk’s calls.Even so, pockets of the crypto space seem to be preparing for Apple. Coinbase included Apple Pay graphics in a recent app update, according toMacRumors.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1395,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":130918273,"gmtCreate":1621502821092,"gmtModify":1704358680371,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"Nom nom nom&nbsp;","listText":"Nom nom nom&nbsp;","text":"Nom nom nom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/130918273","repostId":"1114517008","repostType":4,"repost":{"id":"1114517008","kind":"news","pubTimestamp":1621501810,"share":"https://ttm.financial/m/news/1114517008?lang=en_US&edition=fundamental","pubTime":"2021-05-20 17:10","market":"us","language":"en","title":"Oatly's IPO Could Fetch a $10 Billion Valuation This Week. Here's What Investors Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1114517008","media":"Motley Fool","summary":"The plant-based milk unicorn could be the next blockbuster IPO.\nPlant-based milk substitutes are all","content":"<p>The plant-based milk unicorn could be the next blockbuster IPO.</p>\n<p>Plant-based milk substitutes are all the rage right now and Oatly is leading the charge. The company is a pioneer in the field and the largest seller of oat-based milk in the world. Oatly is also a favorite milk substitute among&nbsp;<b>Starbucks</b>&nbsp;customers, which is at least partially responsible for its popularity.</p>\n<p>Oatly has scheduled its&nbsp;initial public offering&nbsp;(IPO) for later this week and will list its American depositary shares (ADS) on the Nasdaq Stock Market using the ticker \"OTLY.\" The stock has been priced in a range of $15 to $17 per share, with each ADS representing one ordinary share. The company will offer 64.89 million shares and raise as much as $1.1 billion from the offering, valuing Oatly at as much as $10 billion.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/de0f51044a3ec9c6d1fb2e641234784e\" tg-width=\"2000\" tg-height=\"1333\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p>The company was already a big hit in its native Sweden before taking the U.S. market by storm. By joining forces with Starbucks and Dunkin' coffee shops to provide its plant-based milk substitute, Oatly quickly garnered significant name recognition. It offers a wide variety of alternative products for those looking to avoid dairy, including milks, ice creams, yogurts, and spreads.</p>\n<p>Oatly has a large and growing customer base, selling in 60,000 retail locations and 32,200 coffee shops across more than 20 countries. The company offers its products at a host of major retailers including&nbsp;<b>Walmart</b>,<b>Target</b>,<b>Amazon</b>'s&nbsp;Whole Foods, and&nbsp;<b>Kroger</b>, and continues its aggressive international expansion.</p>\n<p>For the year ended Dec. 31, 2020, Oatly generated revenue of $421.4 million, which surged 106% from $204 million in 2019. The company's losses also climbed, with a loss of $60.4 million, worsening from a loss of $35.6 million the year before. That trend continued in the first quarter, with revenue of $140 million, up 66% year over year, and a loss of $32.4 million that nearly quadrupled.</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>Oatly's IPO Could Fetch a $10 Billion Valuation This Week. Here's What Investors Need to Know</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\">\nOatly's IPO Could Fetch a $10 Billion Valuation This Week. Here's What Investors Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 17:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/19/oatly-ipo-could-fetch-10-billion-valuation-this-we/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The plant-based milk unicorn could be the next blockbuster IPO.\nPlant-based milk substitutes are all the rage right now and Oatly is leading the charge. The company is a pioneer in the field and the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/19/oatly-ipo-could-fetch-10-billion-valuation-this-we/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OTLY":"Oatly Group AB"},"source_url":"https://www.fool.com/investing/2021/05/19/oatly-ipo-could-fetch-10-billion-valuation-this-we/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114517008","content_text":"The plant-based milk unicorn could be the next blockbuster IPO.\nPlant-based milk substitutes are all the rage right now and Oatly is leading the charge. The company is a pioneer in the field and the largest seller of oat-based milk in the world. Oatly is also a favorite milk substitute among Starbucks customers, which is at least partially responsible for its popularity.\nOatly has scheduled its initial public offering (IPO) for later this week and will list its American depositary shares (ADS) on the Nasdaq Stock Market using the ticker \"OTLY.\" The stock has been priced in a range of $15 to $17 per share, with each ADS representing one ordinary share. The company will offer 64.89 million shares and raise as much as $1.1 billion from the offering, valuing Oatly at as much as $10 billion.\nIMAGE SOURCE: GETTY IMAGES.\nThe company was already a big hit in its native Sweden before taking the U.S. market by storm. By joining forces with Starbucks and Dunkin' coffee shops to provide its plant-based milk substitute, Oatly quickly garnered significant name recognition. It offers a wide variety of alternative products for those looking to avoid dairy, including milks, ice creams, yogurts, and spreads.\nOatly has a large and growing customer base, selling in 60,000 retail locations and 32,200 coffee shops across more than 20 countries. The company offers its products at a host of major retailers including Walmart,Target,Amazon's Whole Foods, and Kroger, and continues its aggressive international expansion.\nFor the year ended Dec. 31, 2020, Oatly generated revenue of $421.4 million, which surged 106% from $204 million in 2019. The company's losses also climbed, with a loss of $60.4 million, worsening from a loss of $35.6 million the year before. That trend continued in the first quarter, with revenue of $140 million, up 66% year over year, and a loss of $32.4 million that nearly quadrupled.","news_type":1,"symbols_score_info":{"OTLY":0.9}},"isVote":1,"tweetType":1,"viewCount":843,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571782327892977","authorId":"3571782327892977","name":"VincentYeo","avatar":"https://static.tigerbbs.com/304c3897d2ddafdd707517fbd4c7a86d","crmLevel":11,"crmLevelSwitch":0,"idStr":"3571782327892977","authorIdStr":"3571782327892977"},"content":"oat McDonald","text":"oat McDonald","html":"oat McDonald"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183594394,"gmtCreate":1623335042418,"gmtModify":1704201212876,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"How to be a millennial 101","listText":"How to be a millennial 101","text":"How to be a millennial 101","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/183594394","repostId":"1119957571","repostType":4,"isVote":1,"tweetType":1,"viewCount":949,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571782327892977","authorId":"3571782327892977","name":"VincentYeo","avatar":"https://static.tigerbbs.com/304c3897d2ddafdd707517fbd4c7a86d","crmLevel":11,"crmLevelSwitch":0,"idStr":"3571782327892977","authorIdStr":"3571782327892977"},"content":"who wants to be a millennial","text":"who wants to be a millennial","html":"who wants to be a millennial"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":345232821,"gmtCreate":1618317047863,"gmtModify":1704709028466,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/345232821","repostId":"1181241033","repostType":4,"repost":{"id":"1181241033","kind":"news","pubTimestamp":1618316701,"share":"https://ttm.financial/m/news/1181241033?lang=en_US&edition=fundamental","pubTime":"2021-04-13 20:25","market":"us","language":"en","title":"J&J, Nvidia, Bitcoin, GameStop - 5 Things You Must Know Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1181241033","media":"The Street","summary":"Stock futures dive as U.S. will call for a pause in use of J&J vaccine; bitcoin jumps to an all-time","content":"<blockquote>\n Stock futures dive as U.S. will call for a pause in use of J&amp;J vaccine; bitcoin jumps to an all-time high of nearly $63,000; Nvidia and Microsoft are two innovative tech companies that Jim Cramer likes.\n</blockquote>\n<p>Here are five things you must know for Tuesday, April 13:</p>\n<p><b>1. -- Stock Futures Fluctuate Ahead of Inflation Data</b></p>\n<p>Stock futures turned lower Tuesday after federal health agencies saif they would call for a pause in the use of Johnson &amp; Johnson’s&nbsp;(<b>JNJ</b>) -Get Report&nbsp;single-dose coronavirus vaccine after rare clotting cases in six recipients in the United States.</p>\n<p>Boththe Food and Drug Administration and the Centers for Disease Control and Prevention will stop using the drug, developed by J&amp;J's Janssen Pharmaceuticals division, at federal vaccination sites after six people were found to have developed a rare blood clot issue within two weeks of receiving the single-dose shot.</p>\n<p>Contracts linked to the Dow Jones Industrial Average fell 134 points, S&amp;P 500 futures were down 13 points and futures on the tech-heavy Nasdaq fell 20 points.</p>\n<p>Investors Tuesday awaited inflation data to determine what risks a bump up in consumer prices might have on a U.S. economic recovery.</p>\n<p>Wall Street also was preparing for the start of first-quarter earnings season and a Treasury auction of 30-year bonds after&nbsp;sales of three- and 10-year notes were met with slightly lower demand than previous auctions.</p>\n<p>The yield on the 10-year U.S. Treasury rose early Tuesday to 1.685%.</p>\n<p>Stocks closed Monday with modest lossesand the S&amp;P 500 snapped a three-day winning streak. The broad market index finished last week with its third straight weekly gain.</p>\n<p>Asian equities ended Tuesday's session mostly higher but stocks in Shanghai declined&nbsp;after China reported exports rose nearly 31% in March, which was lower than expectations.</p>\n<p><b>2. -- Tuesday's Calendar: Consumer Price Index for March</b></p>\n<p>The U.S.economic calendarfor Tuesday includes the NFIB Small Business Optimism Index for March at 6 a.m. ET and the Consumer Price Index for March at 8:30 a.m.</p>\n<p>Economists surveyed by FactSet expect U.S. consumer prices to have risen 0.5% last month, with the annual rate at 2.5%.</p>\n<p>Core inflation, excluding food and energy prices, is forecast to increase 0.2% in March or 1.5% on an annual basis.</p>\n<p>Earnings are expected Tuesday from Fastenal FAST, OrganiGram OGI and&nbsp;KushCo Holdings KSHB.</p>\n<p><b>3. -- Bitcoin Rallies to All-Time High</b></p>\n<p>Bitcoinjumped to an all-time high Tuesday of more than $63,000 as the cryptocurrency sector prepares for this week's market debut of Coinbase Global&nbsp;(<b>COIN</b>) -Get Report.</p>\n<p>The world's largest&nbsp;cryptocurrency rose to as high as $63,191, according to CoinDesk.</p>\n<p>Coinbase Global, the largest U.S. cryptocurrency exchange, will make itstrading debut Wednesdaythrough a direct listing on the Nasdaq.</p>\n<p>“It’s the evolution of an industry that used to sit on the periphery,”&nbsp; Nick Jones, CEO and co-founder at cryptocurrency wallet Zumo, told Bloomberg. “It really blurs the lines between crypto and more traditional financial institutions.”</p>\n<p>The IPO values the company at about $100 billion, more than the New York Stock Exchange and Nasdaq combined, according to Bloomberg.</p>\n<p>Coinbase’s public debut this week also boosted the digital coins of other cryptocurrency exchanges, such as Binance Coin, which has jumped to become the third-most valuable cryptocurrency behind Bitcoin and Ether, according to Bloomberg.</p>\n<p><b>4. -- Jim Cramer Likes Innovative Tech Companies Such as Microsoft and Nvidia</b></p>\n<p>Jim Cramer, the founder of TheStreet, told viewers of his \"Mad Money\" program Monday thathe likes tech stocks so much because they're always innovating.</p>\n<p>He highlighted two: Microsoft&nbsp;(<b>MSFT</b>) -Get Report, which announcedit was buying&nbsp;speech-recognition software maker Nuance Communications&nbsp;(<b>NUAN</b>) -Get Report&nbsp;for nearly $20 billion in a push further into healthcare for the software giant.</p>\n<p>The other was Nvidia&nbsp;(<b>NVDA</b>) -Get Report, the chipmaker that announced Monday&nbsp;it was offering its first server microprocessors, a move that will further heat up the chipmaker's rivalry with Intel&nbsp;(<b>INTC</b>) -Get Report.</p>\n<p><b>5. -- GameStop's Search for New CEO Being Led by Ryan Cohen</b></p>\n<p>GameStop&nbsp;(<b>GME</b>) -Get Report&nbsp;has begun asearch for a new chief executiveand the effort is being led by&nbsp;Chewy co-founderRyan Cohen, who became a GameStop director in January, The Wall Street Journal reported.</p>\n<p>Reuters was first to report that&nbsp;videogame retailer&nbsp;GameStop was looking for a successor to CEO George Sherman, who has been chief executive since April 2019, as it looks to become more of an e-commerce company.</p>\n<p>GameStop is focusing its search on candidates with a background in technology or the videogame industry, the Journal reported, citing a person familiar with the matter.</p>\n<p>Cohen isn’t planning on taking the role, the person also said.</p>\n<p>At least three top lieutenants of Sherman have left the company or announced plans to depart within the past few months.&nbsp;Former Chief Financial Officer Jim Bell and Chief Customer Officer Frank Hamlin are among senior executives who recently have left the company.</p>","source":"lsy1610613172068","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>J&J, Nvidia, Bitcoin, GameStop - 5 Things You Must Know Tuesday</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\">\nJ&J, Nvidia, Bitcoin, GameStop - 5 Things You Must Know Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-13 20:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-tuesday-041321><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures dive as U.S. will call for a pause in use of J&J vaccine; bitcoin jumps to an all-time high of nearly $63,000; Nvidia and Microsoft are two innovative tech companies that Jim Cramer ...</p>\n\n<a href=\"https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-tuesday-041321\">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","GME":"游戏驿站","JNJ":"强生"},"source_url":"https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-tuesday-041321","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181241033","content_text":"Stock futures dive as U.S. will call for a pause in use of J&J vaccine; bitcoin jumps to an all-time high of nearly $63,000; Nvidia and Microsoft are two innovative tech companies that Jim Cramer likes.\n\nHere are five things you must know for Tuesday, April 13:\n1. -- Stock Futures Fluctuate Ahead of Inflation Data\nStock futures turned lower Tuesday after federal health agencies saif they would call for a pause in the use of Johnson & Johnson’s (JNJ) -Get Report single-dose coronavirus vaccine after rare clotting cases in six recipients in the United States.\nBoththe Food and Drug Administration and the Centers for Disease Control and Prevention will stop using the drug, developed by J&J's Janssen Pharmaceuticals division, at federal vaccination sites after six people were found to have developed a rare blood clot issue within two weeks of receiving the single-dose shot.\nContracts linked to the Dow Jones Industrial Average fell 134 points, S&P 500 futures were down 13 points and futures on the tech-heavy Nasdaq fell 20 points.\nInvestors Tuesday awaited inflation data to determine what risks a bump up in consumer prices might have on a U.S. economic recovery.\nWall Street also was preparing for the start of first-quarter earnings season and a Treasury auction of 30-year bonds after sales of three- and 10-year notes were met with slightly lower demand than previous auctions.\nThe yield on the 10-year U.S. Treasury rose early Tuesday to 1.685%.\nStocks closed Monday with modest lossesand the S&P 500 snapped a three-day winning streak. The broad market index finished last week with its third straight weekly gain.\nAsian equities ended Tuesday's session mostly higher but stocks in Shanghai declined after China reported exports rose nearly 31% in March, which was lower than expectations.\n2. -- Tuesday's Calendar: Consumer Price Index for March\nThe U.S.economic calendarfor Tuesday includes the NFIB Small Business Optimism Index for March at 6 a.m. ET and the Consumer Price Index for March at 8:30 a.m.\nEconomists surveyed by FactSet expect U.S. consumer prices to have risen 0.5% last month, with the annual rate at 2.5%.\nCore inflation, excluding food and energy prices, is forecast to increase 0.2% in March or 1.5% on an annual basis.\nEarnings are expected Tuesday from Fastenal FAST, OrganiGram OGI and KushCo Holdings KSHB.\n3. -- Bitcoin Rallies to All-Time High\nBitcoinjumped to an all-time high Tuesday of more than $63,000 as the cryptocurrency sector prepares for this week's market debut of Coinbase Global (COIN) -Get Report.\nThe world's largest cryptocurrency rose to as high as $63,191, according to CoinDesk.\nCoinbase Global, the largest U.S. cryptocurrency exchange, will make itstrading debut Wednesdaythrough a direct listing on the Nasdaq.\n“It’s the evolution of an industry that used to sit on the periphery,”  Nick Jones, CEO and co-founder at cryptocurrency wallet Zumo, told Bloomberg. “It really blurs the lines between crypto and more traditional financial institutions.”\nThe IPO values the company at about $100 billion, more than the New York Stock Exchange and Nasdaq combined, according to Bloomberg.\nCoinbase’s public debut this week also boosted the digital coins of other cryptocurrency exchanges, such as Binance Coin, which has jumped to become the third-most valuable cryptocurrency behind Bitcoin and Ether, according to Bloomberg.\n4. -- Jim Cramer Likes Innovative Tech Companies Such as Microsoft and Nvidia\nJim Cramer, the founder of TheStreet, told viewers of his \"Mad Money\" program Monday thathe likes tech stocks so much because they're always innovating.\nHe highlighted two: Microsoft (MSFT) -Get Report, which announcedit was buying speech-recognition software maker Nuance Communications (NUAN) -Get Report for nearly $20 billion in a push further into healthcare for the software giant.\nThe other was Nvidia (NVDA) -Get Report, the chipmaker that announced Monday it was offering its first server microprocessors, a move that will further heat up the chipmaker's rivalry with Intel (INTC) -Get Report.\n5. -- GameStop's Search for New CEO Being Led by Ryan Cohen\nGameStop (GME) -Get Report has begun asearch for a new chief executiveand the effort is being led by Chewy co-founderRyan Cohen, who became a GameStop director in January, The Wall Street Journal reported.\nReuters was first to report that videogame retailer GameStop was looking for a successor to CEO George Sherman, who has been chief executive since April 2019, as it looks to become more of an e-commerce company.\nGameStop is focusing its search on candidates with a background in technology or the videogame industry, the Journal reported, citing a person familiar with the matter.\nCohen isn’t planning on taking the role, the person also said.\nAt least three top lieutenants of Sherman have left the company or announced plans to depart within the past few months. Former Chief Financial Officer Jim Bell and Chief Customer Officer Frank Hamlin are among senior executives who recently have left the company.","news_type":1,"symbols_score_info":{"GME":0.9,"NVDA":0.9,"JNJ":0.9}},"isVote":1,"tweetType":1,"viewCount":887,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162910969,"gmtCreate":1624030878251,"gmtModify":1703827199297,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/162910969","repostId":"1192473918","repostType":4,"isVote":1,"tweetType":1,"viewCount":3940,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181558603,"gmtCreate":1623403256502,"gmtModify":1704202653677,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"Meme","listText":"Meme","text":"Meme","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/181558603","repostId":"2142268662","repostType":4,"isVote":1,"tweetType":1,"viewCount":1104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":194962184,"gmtCreate":1621335173048,"gmtModify":1704355963488,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"Baidu","listText":"Baidu","text":"Baidu","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/194962184","repostId":"1197358072","repostType":4,"repost":{"id":"1197358072","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":1621330963,"share":"https://ttm.financial/m/news/1197358072?lang=en_US&edition=fundamental","pubTime":"2021-05-18 17:42","market":"us","language":"en","title":"Baidu's 1Q Results Beat Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=1197358072","media":"Tiger Newspress","summary":"Baidu, Inc. today announced its unaudited financial results for the first quarter ended March 31, 20","content":"<p>Baidu, Inc.&nbsp;today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p>“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”</p><p>“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&amp;D and operations to support the rapid growth of our AIpowered business.”</p><p><img src=\"https://static.tigerbbs.com/afb3caa729e48033c7dab8a4f9a02037\" tg-width=\"1187\" tg-height=\"697\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/15444e314a05131c16849f758e6776ea\" tg-width=\"1186\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>Baidu&nbsp;stock&nbsp;surged&nbsp;3.6%&nbsp;in aftermarket trading.</p><p><img src=\"https://static.tigerbbs.com/527d3dc60d4d86fc726bc558f46055cb\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>Other Highlights</b></p><p><b><i>Corporate</i></b></p><ul><li>Baidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021report<i>Clean Cloud: Tracking Renewable Energy Use inChina'sTech Industry</i>.</li><li>Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).</li><li>OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.</li><li>Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.</li></ul><p><b><i>AI Cloud</i></b></p><ul><li>Baidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.</li><li>Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.</li><li>A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.</li><li>Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.</li><li>Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.</li><li>Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.</li></ul><p><b><i>Intelligent Driving</i></b></p><ul><li>Apollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.</li><li>Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).</li><li>Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.</li><li>Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.</li><li>The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.</li><li>Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.</li><li>Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.</li><li>Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.</li><li>DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.</li></ul><p><b><i>Other Growth Initiatives</i></b></p><ul><li>DuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.</li><li>Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.</li><li>Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.</li><li>Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.</li></ul><p><i>Mobile Ecosystem</i></p><ul><li>Baidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.</li><li>Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:</li><li>BJH publisher accounts grew 40% year over year to reached 4.2 million.</li><li>Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; and</li><li>Revenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.</li></ul><p><b><i>iQIYI</i></b></p><p>iQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.</p><p><b>First Quarter 2021 Results</b></p><p><b>Total revenues</b>wereRMB 28.1 billion($4.29 billion), increasing 25% year over year.</p><ul><li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 20.5 billion($3.13 billion), increasing 34% year over year.<b>Online marketing revenue</b>&nbsp;was&nbsp;RMB 16.3 billion($2.48 billion), up 27% year over year.<b>Non-marketing revenue</b>&nbsp;was&nbsp;RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.</li><li><b>Revenue from iQIYI</b>&nbsp;was&nbsp;RMB 8.0 billion($1.22 billion), increasing 4% year over year.</li></ul><p><b>Cost of revenues</b>&nbsp;was&nbsp;RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.</p><p><b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.</p><p><b>Research and development expense</b>wasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.</p><p><b>Operating income</b>&nbsp;was&nbsp;RMB 2.8 billion($426 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.4 billion($666 million).<b>Non-GAAP Baidu Core operating income</b>&nbsp;was&nbsp;RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.</p><p><b>Total other income, net</b>&nbsp;was&nbsp;RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments,&nbsp;mainly&nbsp;including a gain from the investment in Kuaishou Technology.</p><p><b>Income tax expense</b>&nbsp;was&nbsp;RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.</p><p><b>Net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).<b>Net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 26.4 billion($4.02 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 4.9 billion($743 million).</p><p><b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 5.9 billion&nbsp;($901 million).<b>Adjusted EBITDA for Baidu Core</b>wasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.</p><p>As ofMarch 31, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 172.9 billion($26.40 billion), and&nbsp;<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 159.6 billion($24.37 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 2.6 billion($400 million), and&nbsp;<b>free cash flow excluding iQIYI</b>&nbsp;was&nbsp;RMB 4.0 billion($615 million).</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>Baidu's 1Q Results Beat Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBaidu's 1Q Results Beat Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-18 17:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Baidu, Inc.&nbsp;today announced its unaudited financial results for the first quarter ended March 31, 2021.</p><p>“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”</p><p>“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&amp;D and operations to support the rapid growth of our AIpowered business.”</p><p><img src=\"https://static.tigerbbs.com/afb3caa729e48033c7dab8a4f9a02037\" tg-width=\"1187\" tg-height=\"697\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/15444e314a05131c16849f758e6776ea\" tg-width=\"1186\" tg-height=\"417\" referrerpolicy=\"no-referrer\"></p><p>Baidu&nbsp;stock&nbsp;surged&nbsp;3.6%&nbsp;in aftermarket trading.</p><p><img src=\"https://static.tigerbbs.com/527d3dc60d4d86fc726bc558f46055cb\" tg-width=\"1302\" tg-height=\"663\" referrerpolicy=\"no-referrer\"></p><p><b>Other Highlights</b></p><p><b><i>Corporate</i></b></p><ul><li>Baidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021report<i>Clean Cloud: Tracking Renewable Energy Use inChina'sTech Industry</i>.</li><li>Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).</li><li>OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.</li><li>Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.</li></ul><p><b><i>AI Cloud</i></b></p><ul><li>Baidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.</li><li>Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.</li><li>A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.</li><li>Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.</li><li>Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.</li><li>Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.</li></ul><p><b><i>Intelligent Driving</i></b></p><ul><li>Apollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.</li><li>Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).</li><li>Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.</li><li>Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.</li><li>The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.</li><li>Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.</li><li>Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.</li><li>Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.</li><li>DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.</li></ul><p><b><i>Other Growth Initiatives</i></b></p><ul><li>DuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.</li><li>Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.</li><li>Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.</li><li>Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.</li></ul><p><i>Mobile Ecosystem</i></p><ul><li>Baidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.</li><li>Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:</li><li>BJH publisher accounts grew 40% year over year to reached 4.2 million.</li><li>Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; and</li><li>Revenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.</li></ul><p><b><i>iQIYI</i></b></p><p>iQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.</p><p><b>First Quarter 2021 Results</b></p><p><b>Total revenues</b>wereRMB 28.1 billion($4.29 billion), increasing 25% year over year.</p><ul><li><b>Revenue from Baidu Core</b>&nbsp;was&nbsp;RMB 20.5 billion($3.13 billion), increasing 34% year over year.<b>Online marketing revenue</b>&nbsp;was&nbsp;RMB 16.3 billion($2.48 billion), up 27% year over year.<b>Non-marketing revenue</b>&nbsp;was&nbsp;RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.</li><li><b>Revenue from iQIYI</b>&nbsp;was&nbsp;RMB 8.0 billion($1.22 billion), increasing 4% year over year.</li></ul><p><b>Cost of revenues</b>&nbsp;was&nbsp;RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.</p><p><b>Selling, general and administrative expenses</b>&nbsp;were&nbsp;RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.</p><p><b>Research and development expense</b>wasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.</p><p><b>Operating income</b>&nbsp;was&nbsp;RMB 2.8 billion($426 million).<b>Baidu Core operating income</b>&nbsp;was&nbsp;RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.<b>Non-GAAP operating income</b>&nbsp;was&nbsp;RMB 4.4 billion($666 million).<b>Non-GAAP Baidu Core operating income</b>&nbsp;was&nbsp;RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.</p><p><b>Total other income, net</b>&nbsp;was&nbsp;RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments,&nbsp;mainly&nbsp;including a gain from the investment in Kuaishou Technology.</p><p><b>Income tax expense</b>&nbsp;was&nbsp;RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.</p><p><b>Net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).<b>Net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 26.4 billion($4.02 billion).<b>Non-GAAP net income attributable to Baidu</b>&nbsp;was&nbsp;RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).<b>Non-GAAP net income attributable to Baidu Core</b>&nbsp;was&nbsp;RMB 4.9 billion($743 million).</p><p><b>Adjusted EBITDA</b>&nbsp;was&nbsp;RMB 5.9 billion&nbsp;($901 million).<b>Adjusted EBITDA for Baidu Core</b>wasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.</p><p>As ofMarch 31, 2021,<b>cash, cash equivalents, restricted cash and short-term investments</b>&nbsp;were&nbsp;RMB 172.9 billion($26.40 billion), and&nbsp;<b>cash, cash equivalents, restricted cash and short-term investments excluding iQIYI</b>&nbsp;were&nbsp;RMB 159.6 billion($24.37 billion).<b>Free cash flow</b>&nbsp;was&nbsp;RMB 2.6 billion($400 million), and&nbsp;<b>free cash flow excluding iQIYI</b>&nbsp;was&nbsp;RMB 4.0 billion($615 million).</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","09888":"百度集团-SW"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197358072","content_text":"Baidu, Inc. today announced its unaudited financial results for the first quarter ended March 31, 2021.“We are delighted to bring innovation across many sectors, including marketing cloud, enterprise cloud, smart transportation, autonomous driving, smart assistant and AI chip, through our decadelong investment in AI,” said Robin Li, co-founder and CEO of Baidu. “With AI powering the next stage of technology growth, many Baidu alumni have rejoined us, and our employees are energized from working on intelligent computing that can improve daily life and make the complex world simpler.”“Baidu Core delivered a strong first quarter with revenue growing 34% year over year, powered by non-advertising revenue growing 70% year over year,” said Herman Yu, CFO of Baidu. “We will continue to invest heavily in sales, R&D and operations to support the rapid growth of our AIpowered business.”Baidu stock surged 3.6% in aftermarket trading.Other HighlightsCorporateBaidu ranks Top 3 in cloud services and No.1 in the utilization of renewable energy for data centers, according to Greenpeace, a global environmental organization, based on itsApril 2021reportClean Cloud: Tracking Renewable Energy Use inChina'sTech Industry.Baidu released its annual ESG Report inFebruary 2021, which details Baidu's ESG policies and sustainability initiatives (http://esg.baidu.com/en/esg_download.html).OnMarch 23, 2021, Baidu listed on the HKEX (9888) through a global offering of 95,000,000 Class A ordinary shares, receiving$3.1 billionin net proceeds.Baidu returnedUS$300 millionto shareholders under the 2020 Share Repurchase Program this year, bringing the cumulative repurchase to$2.2 billionsince 2020.AI CloudBaidu EasyDL, a simple to use machine learning service, was rated No.1 in terms of usage inChina, per IDC inDecember 2020, topping the list for the second time.Baidu deep learning framework PaddlePaddle, upgraded to v2.0 inMarch 2021, was ranked among the Top 3 globally in terms of usage based on pull request, according to Github.A leading retail bank inChinaimplemented Baidu's AI PaaS, which has led to five follow-on purchases, including application to automate customer service and consumer loan approval, and the recent purchase of private cloud services.Baidu partnered with the online arm ofChina'slargest TV network CCTV to implement Baidu AI PaaS with capabilities to automate video clip creation and tagging from live broadcasting and use smart assistant to quickly locate desired video content. During an important annual event, Baidu enabledCCTV.comto simultaneously interview congressional meeting participants with AI reporters, powered by Baidu Brain, and timely share these interviews on the Internet.Chongqing, which implemented Apollo V2X last year, marking Baidu's entry into westernChina, signed with Apollo to make its smart transportation infrastructure 5G enabled, to support robotaxi ride hailing operation.Chengdu(Sichuan), a leader in science and technology development, signed with Apollo to implement V2X vehicle-to-road infrastructure.Intelligent DrivingApollo has accumulated 6.2 million miles of L4 autonomous driving testing on the road and 600 million miles of simulated testing since its founding in 2013.Apollo received permit to test autonomous driving at night and under special weather conditions on public roads inBeijing. Apollo also received permits to pilot fully autonomous driving inBeijing, Cangzhou (Hebei), andChangsha(Hunan).Apollo Go,China'sfirst fully autonomous ride-hailing, is now available at theShougang Park, a Beijing 2022 Winter Olympics site.Apollo Gobegins to charge for robotaxi ride hailing in Cangzhou, based on the distance traveled starting with a minimum fare, similarly to regular ride hailing.The total addressable market for robotaxi ride hailing will reachUS$224 billioninChinaby 2025, according to China Insights Consultancy, a market research and consulting company.Jidu Auto, an intelligent EV company established in partnership withZhejiang Geely Holding Group, appointedYiping Xiaas its CEO.Mr. Xiapreviously served as CTO at Mobike and held positions atFiat Chryslerand Ford.Guangzhou Automobile Group joins Apollo's network of over 10 leading automakers to install Apollo Self Driving (ASD) services in its new vehicles.Guidehouse Insights (previouslyNavigant Research) has rated Baidu in the \"leader\" category for the second consecutive year, the only Chinese company honored among the four AI companies selected globally for this category. Apollo's open platform, to empower Jidu and other automakers as well asApollo Gorobotaxi, puts Apollo in a unique position to be well funded and widely adopted.DuerOS for Auto, powering infotainment, has been installed in over 1.5 million new vehicles, recorded Q1 2021 installation more than doubled from the prior year.Other Growth InitiativesDuerOS monthly voice queries reached 6.6 billion with first-party voice queries reaching 3.9 billion inMarch 2021.Xiaodu ranked No.1 in smart display shipments globally and No.1 in smart speaker shipments inChinafor 2020, according to IDC, Strategy Analytics and Canalys.Xiaodu S12 smart pad for the education market was introduced in March with an MSRP of 1,699.Baidu Kunlun completed its first round of funding at a post-money valuation of$2 billioninApril 2021. Kunlun chips are designed to optimize AI workload and improve cloud cost structure.Mobile EcosystemBaidu has strengthened its strong Internet foundation with Baidu App monthly active users (MAUs) reaching 558 million and daily logged in users reaching over 75% inMarch 2021.Baidu's AI building blocks are helping creators, service providers and merchants better engage with users and perform user life-time management:BJH publisher accounts grew 40% year over year to reached 4.2 million.Smart Mini Program MAUs reached 416 million, and the number of SMPs grew 74% from a year ago; andRevenue from Managed Page accounted for 35% of Baidu Core's online marketing revenue, up from 21% a year ago.iQIYIiQIYI subscribers reached 105.3 million as ofMarch 31, 2021, serving as a strong foundation to support its over 50 in-house studios and produce entertainment blockbuster originals. iQIYI's net loss narrowed toRMB1.3 billionin Q1 21, compared toRMB 2.9 billionfrom a year ago.First Quarter 2021 ResultsTotal revenueswereRMB 28.1 billion($4.29 billion), increasing 25% year over year.Revenue from Baidu Core was RMB 20.5 billion($3.13 billion), increasing 34% year over year.Online marketing revenue was RMB 16.3 billion($2.48 billion), up 27% year over year.Non-marketing revenue was RMB 4.2 billion($646 million), up 70% year over year, driven by cloud and other services.Revenue from iQIYI was RMB 8.0 billion($1.22 billion), increasing 4% year over year.Cost of revenues was RMB 15.0 billion($2.29 billion), increasing 2% year over year, primarily due to an increase in traffic acquisition costs and cost of goods sold, offset by a decrease in content costs and the amortization/impairment of intangible assets.Selling, general and administrative expenses were RMB 5.2 billion($800 million), increasing 36% year over year, primarily due to an increase in channel spending and promotional expenses.Research and development expensewasRMB 5.1 billion($778 million), increasing 15% year over year, primarily related to personnel-related expenses.Operating income was RMB 2.8 billion($426 million).Baidu Core operating income was RMB 3.8 billion($587 million), and Baidu Core operating margin was 19%.Non-GAAP operating income was RMB 4.4 billion($666 million).Non-GAAP Baidu Core operating income was RMB 5.1 billion($773 million), and non-GAAP Baidu Core operating margin was 25%.Total other income, net was RMB 23.8 billion($3.63 billion), which included a fair value gain ofRMB 23.7 billionfrom long-term investments, mainly including a gain from the investment in Kuaishou Technology.Income tax expense was RMB 1.5 billion($234 million), compared toRMB 198 millionlast year, primarily due to the increase in profit.Net income attributable to Baidu was RMB 25.7 billion($3.92 billion), and diluted earnings per ADS wasRMB 73.76($11.26).Net income attributable to Baidu Core was RMB 26.4 billion($4.02 billion).Non-GAAP net income attributable to Baidu was RMB 4.3 billion($656 million), and non-GAAP diluted earnings per ADS wasRMB 12.38($1.89).Non-GAAP net income attributable to Baidu Core was RMB 4.9 billion($743 million).Adjusted EBITDA was RMB 5.9 billion ($901 million).Adjusted EBITDA for Baidu CorewasRMB 6.5 billion($990 million) and adjusted EBITDA margin for Baidu Core was 32%.As ofMarch 31, 2021,cash, cash equivalents, restricted cash and short-term investments were RMB 172.9 billion($26.40 billion), and cash, cash equivalents, restricted cash and short-term investments excluding iQIYI were RMB 159.6 billion($24.37 billion).Free cash flow was RMB 2.6 billion($400 million), and free cash flow excluding iQIYI was RMB 4.0 billion($615 million).","news_type":1,"symbols_score_info":{"BIDU":0.9,"09888":0.9}},"isVote":1,"tweetType":1,"viewCount":785,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571782327892977","authorId":"3571782327892977","name":"VincentYeo","avatar":"https://static.tigerbbs.com/304c3897d2ddafdd707517fbd4c7a86d","crmLevel":11,"crmLevelSwitch":0,"idStr":"3571782327892977","authorIdStr":"3571782327892977"},"content":"I love you","text":"I love you","html":"I love you"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111004871,"gmtCreate":1622642901893,"gmtModify":1704187940526,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/111004871","repostId":"1139790754","repostType":4,"repost":{"id":"1139790754","kind":"news","pubTimestamp":1622642200,"share":"https://ttm.financial/m/news/1139790754?lang=en_US&edition=fundamental","pubTime":"2021-06-02 21:56","market":"us","language":"en","title":"Amazon: The Cash Will Come","url":"https://stock-news.laohu8.com/highlight/detail?id=1139790754","media":"seekingalpha","summary":"Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free ca","content":"<p><b>Summary</b></p>\n<ul>\n <li>Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.</li>\n <li>Lagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.</li>\n <li>After lagging the market, the company is trading at an attractive valuation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a085447e5042d959bca14408fd50b9d\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Bet_Noire/iStock via Getty Images</span></p>\n<p>Short-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.</p>\n<p>Although Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.</p>\n<p><b>COVID Beneficiary</b></p>\n<p>Amazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it&nbsp;acquired&nbsp;Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?</p>\n<p>In 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:</p>\n<ul>\n <li>3rd Party Seller Services increased 49.6% to $80.4 billion.</li>\n <li>Online stores increased 39.7% to $197 billion.</li>\n</ul>\n<p>In 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:</p>\n<ul>\n <li>Subscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.</li>\n <li>AWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.</li>\n</ul>\n<p>Physical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.</p>\n<p>The COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.</p>\n<p>The company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.</p>\n<p>GAAP EPS grew an incredible 81.8% y/y to $41.83 per share.</p>\n<p><b>Where Is My Money?</b></p>\n<p>Although revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.</p>\n<p>This because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.</p>\n<p>On top of all this spending, the company, on May 26, Amazon&nbsp;announced&nbsp;the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.</p>\n<p><b>The Spending and Free Cash Flow Cycle</b></p>\n<p>In my 2017 article,<i>Amazon Bears Will Get Crushed</i>, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.</p>\n<p>Back in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.</p>\n<p>Relax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.</p>\n<p>We can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-<i>cumulatively</i>.</p>\n<p>By 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.</p>\n<p>Wall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.</p>\n<p><b>The Market Opportunity</b></p>\n<p>Some investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.</p>\n<p>The market opportunity, however, is much more massive.</p>\n<p>Amazon's&nbsp;share&nbsp;of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.</p>\n<p>Amazon is aggressively going after the much larger global retail market, which is&nbsp;sized&nbsp;at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.</p>\n<p>A large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.</p>\n<p>Another areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.</p>\n<p>The global cloud computing market is&nbsp;expected&nbsp;to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.</p>\n<p>If Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.</p>\n<p>Management does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.</p>\n<p>Amazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.</p>\n<p>But we do know one thing: the opportunity for continued growth is massive.</p>\n<p><b>Valuation</b></p>\n<p>Like most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.</p>\n<p>Currently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&amp;P 500, the lowest in 5 years.</p>\n<p>On free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.</p>\n<p><b>Takeaway</b></p>\n<p>Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.</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>Amazon: The Cash Will Come</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\">\nAmazon: The Cash Will Come\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432586-amazon-the-cash-will-come><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.\nLagging free cash flow growth in 2020 and 2021 is due to investment to support growth, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432586-amazon-the-cash-will-come\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4432586-amazon-the-cash-will-come","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139790754","content_text":"Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.\nLagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.\nAfter lagging the market, the company is trading at an attractive valuation.\n\nPhoto by Bet_Noire/iStock via Getty Images\nShort-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.\nAlthough Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.\nCOVID Beneficiary\nAmazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it acquired Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?\nIn 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:\n\n3rd Party Seller Services increased 49.6% to $80.4 billion.\nOnline stores increased 39.7% to $197 billion.\n\nIn 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:\n\nSubscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.\nAWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.\n\nPhysical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.\nThe COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.\nThe company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.\nGAAP EPS grew an incredible 81.8% y/y to $41.83 per share.\nWhere Is My Money?\nAlthough revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.\nThis because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.\nOn top of all this spending, the company, on May 26, Amazon announced the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.\nThe Spending and Free Cash Flow Cycle\nIn my 2017 article,Amazon Bears Will Get Crushed, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.\nBack in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.\nRelax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.\nWe can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-cumulatively.\nBy 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.\nWall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.\nThe Market Opportunity\nSome investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.\nThe market opportunity, however, is much more massive.\nAmazon's share of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.\nAmazon is aggressively going after the much larger global retail market, which is sized at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.\nA large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.\nAnother areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.\nThe global cloud computing market is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.\nIf Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.\nManagement does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.\nAmazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.\nBut we do know one thing: the opportunity for continued growth is massive.\nValuation\nLike most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.\nCurrently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&P 500, the lowest in 5 years.\nOn free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.\nTakeaway\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1037,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157687144,"gmtCreate":1625580523288,"gmtModify":1703744292419,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Okkkk","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>Okkkk","text":"$NIO Inc.(NIO)$Okkkk","images":[{"img":"https://static.tigerbbs.com/622646baf43f04c7b545e8908b29e338","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/157687144","isVote":1,"tweetType":1,"viewCount":2752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":137330327,"gmtCreate":1622296406769,"gmtModify":1704182798606,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"Ohno","listText":"Ohno","text":"Ohno","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/137330327","repostId":"2138765488","repostType":4,"repost":{"id":"2138765488","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":1622215232,"share":"https://ttm.financial/m/news/2138765488?lang=en_US&edition=fundamental","pubTime":"2021-05-28 23:20","market":"us","language":"en","title":"Tesla shares dip on recall rumors","url":"https://stock-news.laohu8.com/highlight/detail?id=2138765488","media":"Reuters","summary":"May 28  - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","content":"<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</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>Tesla shares dip on recall rumors</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 shares dip on recall rumors\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\">2021-05-28 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138765488","content_text":"May 28 (Reuters) - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1090,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134031129,"gmtCreate":1622191018161,"gmtModify":1704181182340,"author":{"id":"3576670554241881","authorId":"3576670554241881","name":"Tradingbats","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3576670554241881","authorIdStr":"3576670554241881"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/134031129","repostId":"2138103707","repostType":4,"repost":{"id":"2138103707","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":1622186850,"share":"https://ttm.financial/m/news/2138103707?lang=en_US&edition=fundamental","pubTime":"2021-05-28 15:27","market":"sg","language":"en","title":"Taiwan leads most Asian shares higher, Malaysia down on COVID-19 hit","url":"https://stock-news.laohu8.com/highlight/detail?id=2138103707","media":"Reuters","summary":"* Philippines recoups losses, set to post 8% weekly gain* Malaysia reports record spike in daily COV","content":"<p>* Philippines recoups losses, set to post 8% weekly gain</p><p>* Malaysia reports record spike in daily COVID-19 cases</p><p>* Taiwan dlr, S. Korean won lead Asian currencies higher</p><p>May 28 (Reuters) - Taiwan led most of Asia's emerging market equities higher on Friday as investors cheered positive U.S. economic data and plans for trillions of dollars in federal spending, while Malaysian shares fell as COVID-19 cases hit a daily record.</p><p>The region's currencies held on to gains ahead of U.S. inflation data, with the Taiwan dollar    and the South Korean won    leading gains against the greenback.</p><p>On Thursday, the New York Times reported that President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, while data showed that the number of Americans filing jobless claims dropped more than expected last week.</p><p>\"Asia appears to feel that some of that goody bag will fall their way, and Asian equity markets have risen today,\" Jeffrey Halley, a senior market analyst at brokerage OANDA, said in a note.</p><p>Prior to market opening, the People's Bank of China (PBOC) set the yuan midpoint rate    at 6.3858 per dollar, firmer than the previous fix of 6.403.</p><p>\"That has lifted the currencies of neighbouring South Korea and Taiwan...PBOC made it easier for financial institutions to secure off-shore funding for their balance sheets,\" Halley said.</p><p>U.S. inflation data due at 1230 GMT on Friday will also be a big focus, as a high reading could fuel expectations of policy tightening by the Federal Reserve.</p><p>Taiwanese stocks    jumped 1.6%, hitting their highest in over two weeks.</p><p>The island's first batch of 150,000 COVID-19 vaccine doses, out of more than 5 million ordered from Moderna Inc   , is set to arrive on Friday.</p><p>Philippine shares    recouped losses accrued earlier in the session to rise 0.1%. The benchmark is set to gain nearly 8% for the week.</p><p>Thai stocks    jumped 0.4%, extending gains to a third session. The country said it planned more measures to retain jobs and boost domestic consumption, as it struggles with a severe third wave of infections.</p><p>On the downside, Malaysian stocks dipped as the country reported 7,857 new coronavirus cases in its third straight day of record infections.</p><p>This raised fears that Malaysia's tepid domestic recovery will seriously falter, Halley said.</p><p>\"A complete nationwide lockdown cannot be ruled out, with some state rulers urging the federal government to do this,\" Prakash Sakpal and Nicholas Mapa, analysts at brokerage ING, said in a note.</p><p>HIGHLIGHTS</p><p>**Indonesian 10-year benchmark yields are down 1.9 basis points at 6.426%</p><p>**Thailand's 3-year benchmark yield is up 1 basis points at 0.57%</p><p>**Top losers in Malaysia are Hong Leong Financial Group and Supermax Corp</p><p>Asia stock indexes and currencies</p><p>at   0651 GMT</p><p>COUNTRY   FX RIC          FX     FX  INDE  STOCKS  STOCKS</p><p>DAILY %  YTD %     X   DAILY   YTD %</p><p>%</p><p>Japan              -0.09  -6.06  &lt;.N2   2.1     6.2</p><p>25&gt;</p><p>China     &lt;CNY=CFXS    +0.16  +2.42  &lt;.SS   -0.42    3.47</p><p>&gt;                          EC&gt;</p><p>India            +0.21  +0.86  &lt;.NS    0.61   10.37</p><p>EI&gt;</p><p>Indonesi           -0.16  -1.87  &lt;.JK   -0.01   -2.31</p><p>a                                    SE&gt;</p><p>Malaysia           +0.07  -2.78  &lt;.KL   -0.32   -2.36</p><p>SE&gt;</p><p>Philippi           +0.15  +0.36  &lt;.PS    0.14   -6.52</p><p>nes                                  I&gt;</p><p>S.Korea   &lt;KRW=KFTC    +0.23  -2.63  &lt;.KS    0.73   10.97</p><p>&gt;                          11&gt;</p><p>Singapor           -0.01  -0.23  &lt;.ST    0.64   12.00</p><p>e                                    I&gt;</p><p>Taiwan           +0.31  +2.70  &lt;.TW    1.62   14.51</p><p>II&gt;</p><p>Thailand         +0.06  -4.19  &lt;.SE    0.39    9.65</p><p>TI&gt;</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>Taiwan leads most Asian shares higher, Malaysia down on COVID-19 hit</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\">\nTaiwan leads most Asian shares higher, Malaysia down on COVID-19 hit\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\">2021-05-28 15:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Philippines recoups losses, set to post 8% weekly gain</p><p>* Malaysia reports record spike in daily COVID-19 cases</p><p>* Taiwan dlr, S. Korean won lead Asian currencies higher</p><p>May 28 (Reuters) - Taiwan led most of Asia's emerging market equities higher on Friday as investors cheered positive U.S. economic data and plans for trillions of dollars in federal spending, while Malaysian shares fell as COVID-19 cases hit a daily record.</p><p>The region's currencies held on to gains ahead of U.S. inflation data, with the Taiwan dollar    and the South Korean won    leading gains against the greenback.</p><p>On Thursday, the New York Times reported that President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, while data showed that the number of Americans filing jobless claims dropped more than expected last week.</p><p>\"Asia appears to feel that some of that goody bag will fall their way, and Asian equity markets have risen today,\" Jeffrey Halley, a senior market analyst at brokerage OANDA, said in a note.</p><p>Prior to market opening, the People's Bank of China (PBOC) set the yuan midpoint rate    at 6.3858 per dollar, firmer than the previous fix of 6.403.</p><p>\"That has lifted the currencies of neighbouring South Korea and Taiwan...PBOC made it easier for financial institutions to secure off-shore funding for their balance sheets,\" Halley said.</p><p>U.S. inflation data due at 1230 GMT on Friday will also be a big focus, as a high reading could fuel expectations of policy tightening by the Federal Reserve.</p><p>Taiwanese stocks    jumped 1.6%, hitting their highest in over two weeks.</p><p>The island's first batch of 150,000 COVID-19 vaccine doses, out of more than 5 million ordered from Moderna Inc   , is set to arrive on Friday.</p><p>Philippine shares    recouped losses accrued earlier in the session to rise 0.1%. The benchmark is set to gain nearly 8% for the week.</p><p>Thai stocks    jumped 0.4%, extending gains to a third session. The country said it planned more measures to retain jobs and boost domestic consumption, as it struggles with a severe third wave of infections.</p><p>On the downside, Malaysian stocks dipped as the country reported 7,857 new coronavirus cases in its third straight day of record infections.</p><p>This raised fears that Malaysia's tepid domestic recovery will seriously falter, Halley said.</p><p>\"A complete nationwide lockdown cannot be ruled out, with some state rulers urging the federal government to do this,\" Prakash Sakpal and Nicholas Mapa, analysts at brokerage ING, said in a note.</p><p>HIGHLIGHTS</p><p>**Indonesian 10-year benchmark yields are down 1.9 basis points at 6.426%</p><p>**Thailand's 3-year benchmark yield is up 1 basis points at 0.57%</p><p>**Top losers in Malaysia are Hong Leong Financial Group and Supermax Corp</p><p>Asia stock indexes and currencies</p><p>at   0651 GMT</p><p>COUNTRY   FX RIC          FX     FX  INDE  STOCKS  STOCKS</p><p>DAILY %  YTD %     X   DAILY   YTD %</p><p>%</p><p>Japan              -0.09  -6.06  &lt;.N2   2.1     6.2</p><p>25&gt;</p><p>China     &lt;CNY=CFXS    +0.16  +2.42  &lt;.SS   -0.42    3.47</p><p>&gt;                          EC&gt;</p><p>India            +0.21  +0.86  &lt;.NS    0.61   10.37</p><p>EI&gt;</p><p>Indonesi           -0.16  -1.87  &lt;.JK   -0.01   -2.31</p><p>a                                    SE&gt;</p><p>Malaysia           +0.07  -2.78  &lt;.KL   -0.32   -2.36</p><p>SE&gt;</p><p>Philippi           +0.15  +0.36  &lt;.PS    0.14   -6.52</p><p>nes                                  I&gt;</p><p>S.Korea   &lt;KRW=KFTC    +0.23  -2.63  &lt;.KS    0.73   10.97</p><p>&gt;                          11&gt;</p><p>Singapor           -0.01  -0.23  &lt;.ST    0.64   12.00</p><p>e                                    I&gt;</p><p>Taiwan           +0.31  +2.70  &lt;.TW    1.62   14.51</p><p>II&gt;</p><p>Thailand         +0.06  -4.19  &lt;.SE    0.39    9.65</p><p>TI&gt;</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138103707","content_text":"* Philippines recoups losses, set to post 8% weekly gain* Malaysia reports record spike in daily COVID-19 cases* Taiwan dlr, S. Korean won lead Asian currencies higherMay 28 (Reuters) - Taiwan led most of Asia's emerging market equities higher on Friday as investors cheered positive U.S. economic data and plans for trillions of dollars in federal spending, while Malaysian shares fell as COVID-19 cases hit a daily record.The region's currencies held on to gains ahead of U.S. inflation data, with the Taiwan dollar    and the South Korean won    leading gains against the greenback.On Thursday, the New York Times reported that President Joe Biden will seek $6 trillion in U.S. federal spending for the 2022 fiscal year, while data showed that the number of Americans filing jobless claims dropped more than expected last week.\"Asia appears to feel that some of that goody bag will fall their way, and Asian equity markets have risen today,\" Jeffrey Halley, a senior market analyst at brokerage OANDA, said in a note.Prior to market opening, the People's Bank of China (PBOC) set the yuan midpoint rate    at 6.3858 per dollar, firmer than the previous fix of 6.403.\"That has lifted the currencies of neighbouring South Korea and Taiwan...PBOC made it easier for financial institutions to secure off-shore funding for their balance sheets,\" Halley said.U.S. inflation data due at 1230 GMT on Friday will also be a big focus, as a high reading could fuel expectations of policy tightening by the Federal Reserve.Taiwanese stocks    jumped 1.6%, hitting their highest in over two weeks.The island's first batch of 150,000 COVID-19 vaccine doses, out of more than 5 million ordered from Moderna Inc   , is set to arrive on Friday.Philippine shares    recouped losses accrued earlier in the session to rise 0.1%. The benchmark is set to gain nearly 8% for the week.Thai stocks    jumped 0.4%, extending gains to a third session. The country said it planned more measures to retain jobs and boost domestic consumption, as it struggles with a severe third wave of infections.On the downside, Malaysian stocks dipped as the country reported 7,857 new coronavirus cases in its third straight day of record infections.This raised fears that Malaysia's tepid domestic recovery will seriously falter, Halley said.\"A complete nationwide lockdown cannot be ruled out, with some state rulers urging the federal government to do this,\" Prakash Sakpal and Nicholas Mapa, analysts at brokerage ING, said in a note.HIGHLIGHTS**Indonesian 10-year benchmark yields are down 1.9 basis points at 6.426%**Thailand's 3-year benchmark yield is up 1 basis points at 0.57%**Top losers in Malaysia are Hong Leong Financial Group and Supermax CorpAsia stock indexes and currenciesat   0651 GMTCOUNTRY   FX RIC          FX     FX  INDE  STOCKS  STOCKSDAILY %  YTD %     X   DAILY   YTD %%Japan              -0.09  -6.06  <.N2   2.1     6.225>China     <CNY=CFXS    +0.16  +2.42  <.SS   -0.42    3.47>                          EC>India            +0.21  +0.86  <.NS    0.61   10.37EI>Indonesi           -0.16  -1.87  <.JK   -0.01   -2.31a                                    SE>Malaysia           +0.07  -2.78  <.KL   -0.32   -2.36SE>Philippi           +0.15  +0.36  <.PS    0.14   -6.52nes                                  I>S.Korea   <KRW=KFTC    +0.23  -2.63  <.KS    0.73   10.97>                          11>Singapor           -0.01  -0.23  <.ST    0.64   12.00e                                    I>Taiwan           +0.31  +2.70  <.TW    1.62   14.51II>Thailand         +0.06  -4.19  <.SE    0.39    9.65TI>","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1041,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}