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But what is even more interesting is when they do not.Two of the mos","content":"<html><head></head><body><h2>Summary</h2><ul><li>Great minds think alike. But what is even more interesting is when they do not.</li><li>Two of the most successful investors of our time, Charlie Munger and Li Lu, diverge starkly on Alibaba.</li><li>A comparison of their views and actions best illustrates the opportunities and risks associated with the investment.</li><li>Risks commonly mentioned (VIE, delisting, etc.) are all symptoms to me, while Li Lu’s Civilization 2.5 theory offers a more fundamental explanation of the underlying cause.</li><li>Both bears and bulls can benefit from them and make more informed decisions.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0942ec404ebc02752e62408a90fefc89\" tg-width=\"1080\" tg-height=\"607\" referrerpolicy=\"no-referrer\"/><span>JuSun</span></p><h2>The investment thesis</h2><p>Charlie Munger needs no introduction, but some readers may need a bit more information on Li Lu. They have been close friends for almost 2 decades. Charlie Munger described Li Lu as the “Chinese Warren Buffett.” And to Li Lu, Munger has been a &#34;mentor and good friend&#34; (in Li Lu&#39;s own words). The following brief bio taken from Wikipedia provides a bit more info on Li Lu (slightly edited by me):</p><blockquote>Li Lu (born April 6, 1966) is a Chinese-born American value investor, businessman, and philanthropist. In 1997, he founded Himalaya Capital Management, known for its disciplined and value-oriented approach to investing. Li met Charlie Munger on Thanksgiving 2003 and they have been friends since. With Munger&#39;s help, Li transformed his hedge fund into a long-only investment vehicle which is currently focused on global investment opportunities. Munger has stated that Li Lu is the only outside manager he’s ever invested with and he’s described him as the “Chinese Warren Buffett.” Li Lu has been known as the man who introduced the Chinese battery and electric car maker BYD Company to Charlie Munger and Warren Buffett.</blockquote><p>It is interesting to observe that these two investors, who share both close friendship and also investing principles, diverge starkly on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF). Munger has a large position in BABA, but Li Lu does not. And this leads us to the main topic of today. You will see a comparison of their views and actions best illustrates the opportunities and risks associated with the BABA investment. On the one side, the current BABA situation presents an opportunity to buy a good business on the operation table, a hallmark investment strategy from Munger. On the other hand, this article will also dive into the view of Li Lu, especially his view on the civilization 2.5 status in China, as elaborated immediately below.</p><h2>Li Lu, BABA, and Civilization 2.5</h2><p>Li Lu’s current holdings in his Himalaya Capital Management are shown in the chart below. As mentioned above, Munger described him as the “Chinese Warren Buffett.” But from his holdings, he is more Buffett than Buffett himself in terms of concentration. His portfolio consists of a total of 6 positions only and the largest position - Micron (MU) - represents almost 34% of the total portfolio size.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0cfbdc8a33a6b476b854ac581dd6f60\" tg-width=\"640\" tg-height=\"157\" referrerpolicy=\"no-referrer\"/><span>Source: dataroma.com</span></p><p>You can also see that half of his picks overlap with Munger and Warren Buffett. All three of them like Bank of America (BAC), Apple (AAPL), and of course Berkshire Hathaway (BRK.A,BRK.B).</p><p>However, BABA is where he and Munger diverge. As to be detailed in the next Section, Munger holds a sizeable BABA position, but Li Lu does not. So naturally, it triggers the question: Why? Seeking Alpha authors have detailed many risks such as VIE, delisting, et al. To me, these are symptoms. In my view, Li Lu’s following Civilization 2.5 theory offers a more fundamental explanation of the underlying cause. The theory was presented in a lecture he gave in 2015, and I think it is worth quoting in full (the emphases were added by me). And readers are highly encouraged to read the transcript in its entirety:</p><blockquote>I believe China is at interim stage between Civilization 2.0 and Civilization 3.0.<i>Let’s call it Civilization 2.5. China has come a long way but still has a long road ahead.</i>Therefore, <i>I think there is a high probability that China will continue on the main track of Civilization 3.0, as the cost of deviation is very high.</i>If you have a good understanding of China’s culture, people and history, you will agree that China will forge forward. This is particularly the case now that you have a better understanding of the essence of modern civilization. There is almost no chance of China leaving the common market, and the probability of China changing its market rules is also very small. Thus, it is highly probable that, in the next 2 to 3 decades, China will remain in the global market system, and adhere to free market principles, in addition to promoting science &amp; technology development.</blockquote><p>It will take time to go from Civilization 2.5 to 3.0. And surprises and setbacks like VIE and delisting are likely (plus a bunch more that we cannot even imagine today). So, given the timeframe and uncertainties, it is an understandable decision that some investors, Li Lu himself included, decided to stay on the sideline.</p><p>While Munger, apparently focused more on the opportunity side of the coin given that China will have no choice but to keep upgrading to 3.0 because “the cost of deviation is very high.” And we will elaborate on Munger&#39;s thinking and actions immediately below.</p><h2>Munger and BABA</h2><p>The following chart summarizes the key events that led to Munger’s actions. As you can see from the chart below, he started buying BABA shares in 2021 Q1, after a large correction in its share price caused by the cancellation of the highly anticipated Ant Group IPO. He then doubled down his stake in Alibaba twice: first in 2021 Q3, and then again in 2021 Q4.</p><p>There are certainly good reasons for Munger’s decision. In the near term, the market reacted too quickly to a series of short-term events based on perception (based on the information available at that time). And there is no lack of major events in the past 1 or 2 years as summarized in the chart (including a war, specifically the Russian/Ukraine war). As a result, even though BABA’s core business is intact, its valuation became too compressed when Munger pulled the trigger to double down his bets. It is a textbook reflection of his wisdom of buying a good business on the operating table. At the prices he bought into BABA, it was valued as a terminally cheap and stagnating business, while its core fundamentals not only remain intact but also well-positioned for growth.</p><p>In the longer term, as just mentioned, not only China will continue to upgrade to Civilization 3.0, but also other countries in the Asian Pacific region. And such an upgrade will present spectacular growth opportunities, and BABA is well-positioned to benefit from such an upgrade, as to be discussed next.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f64d51b9956d82d5a712c375aa004d1\" tg-width=\"640\" tg-height=\"266\" referrerpolicy=\"no-referrer\"/><span>Source: Author based on Yahoo data</span></p><h2>The upgrade to civilization 3.0 and BABA</h2><p>It is an unstopped trend that our world is moving toward e-commerce, and the epicenter of the remaining movement will be China and the Asian-Pacific region. Even though many of us are already impressed by the success of e-commerce giants like BABA and Amazon (AMZN), the movement toward e-commerce has just actually gotten started and the bulk of the growth is yet to come. The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (&#34;CAGR&#34;) of 14.7% from 2020 to 2027. The secular support is even stronger for BABA as the Asia Pacific region is already dominating the market for e-commerce with a share of 55.3% in 2019. Furthermore, this region is expected to witness the fastest growth from 2020 to 2027 as seen below. Even by as early as 2023 – in about 2 years that is - retail e-commerce sales in Asia-Pacific are projected to be greater than the rest of the world combined.</p><p><img src=\"https://static.tigerbbs.com/3e1c49046f66ec88ec7e79914feb0658\" tg-width=\"640\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/></p><p>And BABA stands best poised to benefit from this upgrade, especially from the Asian-Pacific momentum. As argued in my earlier article:</p><blockquote><i>Capitalizing on the continued e-commerce growth requires a combination of scale and reach, government support, and technology. And also, finally, geographical proximity and cultural compatibility certainly help. And BABA has all these stars aligned for its further expansion – especially in the Asian-Pacific region. The China government might be tightening its regulations on its domestic market, but it certainly encourages the overseas expansion of its tech giants like BABA. And BABA has already accomplished a substantial lead in capturing overseas markets, with its close neighbors such as Indonesia and Vietnam posting revenue growth of over 100% YoY recently.</i></blockquote><p>Risks and final thoughts</p><p>To recap, the current BABA situation is a textbook example of high-risk and high-return investment opportunities. There are plenty of risks in the near term and also in the long term. There has been no lack of major events in the past 1- or 2-years surrounding BABA (Ant IPO, fine, VEI, delisting, et al). In the near term, the China-U.S. trade tension and global geopolitical frictions will keep the stock prices in a highly volatile state. And I am sure there be more hiccups and surprises that investors have not thought about yet showing up in the near future.</p><p>In the long term, China is going through an upgrade from civilization 2.5 to 3.0. I agree with Li Lu’s view that China will have no choice but to keep upgrading to 3.0 because “the cost of deviation is very high.” But at the same time, the path of the upgrade will be long and full of setbacks. Independent thinkers like Munger and Li, despite their opposite actions, are essentially betting on the two sides of the same coin.</p><p>I am siding with Munger there and betting on the opportunity side. All the risks and opportunities mentioned above should apply equally to major China tech firms. However, I think the market now overly exaggerates the risk side for BABA and underestimates the opportunity side, creating an asymmetric opportunity. As you can see from the following chart, both the valuation of BABA and JD.com (JD) has been compressed substantially in the past two years. You can see that by the downward trend of the three-year medium of their price to CFO multiple. Despite the common risks/opportunities and also comparable (or even superior profitability as argued in our recent article), BABA was so much more compressed than JD. Its current P/CFO stands at only 10.55x, about 25% below JD’s 13,.98x, and a whopping 43% below its 3-year median of 18.44x.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c588d4b31a546d6b45775d98e8bd545b\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/><span>This article was written by</span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: The Charlie Munger And Li Lu Divergence</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\">\nAlibaba: The Charlie Munger And Li Lu Divergence\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-21 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4541883-alibaba-the-charlie-munger-and-li-lu-divergence><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGreat minds think alike. But what is even more interesting is when they do not.Two of the most successful investors of our time, Charlie Munger and Li Lu, diverge starkly on Alibaba.A ...</p>\n\n<a href=\"https://seekingalpha.com/article/4541883-alibaba-the-charlie-munger-and-li-lu-divergence\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4541883-alibaba-the-charlie-munger-and-li-lu-divergence","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2268917780","content_text":"SummaryGreat minds think alike. But what is even more interesting is when they do not.Two of the most successful investors of our time, Charlie Munger and Li Lu, diverge starkly on Alibaba.A comparison of their views and actions best illustrates the opportunities and risks associated with the investment.Risks commonly mentioned (VIE, delisting, etc.) are all symptoms to me, while Li Lu’s Civilization 2.5 theory offers a more fundamental explanation of the underlying cause.Both bears and bulls can benefit from them and make more informed decisions.JuSunThe investment thesisCharlie Munger needs no introduction, but some readers may need a bit more information on Li Lu. They have been close friends for almost 2 decades. Charlie Munger described Li Lu as the “Chinese Warren Buffett.” And to Li Lu, Munger has been a \"mentor and good friend\" (in Li Lu's own words). The following brief bio taken from Wikipedia provides a bit more info on Li Lu (slightly edited by me):Li Lu (born April 6, 1966) is a Chinese-born American value investor, businessman, and philanthropist. In 1997, he founded Himalaya Capital Management, known for its disciplined and value-oriented approach to investing. Li met Charlie Munger on Thanksgiving 2003 and they have been friends since. With Munger's help, Li transformed his hedge fund into a long-only investment vehicle which is currently focused on global investment opportunities. Munger has stated that Li Lu is the only outside manager he’s ever invested with and he’s described him as the “Chinese Warren Buffett.” Li Lu has been known as the man who introduced the Chinese battery and electric car maker BYD Company to Charlie Munger and Warren Buffett.It is interesting to observe that these two investors, who share both close friendship and also investing principles, diverge starkly on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF). Munger has a large position in BABA, but Li Lu does not. And this leads us to the main topic of today. You will see a comparison of their views and actions best illustrates the opportunities and risks associated with the BABA investment. On the one side, the current BABA situation presents an opportunity to buy a good business on the operation table, a hallmark investment strategy from Munger. On the other hand, this article will also dive into the view of Li Lu, especially his view on the civilization 2.5 status in China, as elaborated immediately below.Li Lu, BABA, and Civilization 2.5Li Lu’s current holdings in his Himalaya Capital Management are shown in the chart below. As mentioned above, Munger described him as the “Chinese Warren Buffett.” But from his holdings, he is more Buffett than Buffett himself in terms of concentration. His portfolio consists of a total of 6 positions only and the largest position - Micron (MU) - represents almost 34% of the total portfolio size.Source: dataroma.comYou can also see that half of his picks overlap with Munger and Warren Buffett. All three of them like Bank of America (BAC), Apple (AAPL), and of course Berkshire Hathaway (BRK.A,BRK.B).However, BABA is where he and Munger diverge. As to be detailed in the next Section, Munger holds a sizeable BABA position, but Li Lu does not. So naturally, it triggers the question: Why? Seeking Alpha authors have detailed many risks such as VIE, delisting, et al. To me, these are symptoms. In my view, Li Lu’s following Civilization 2.5 theory offers a more fundamental explanation of the underlying cause. The theory was presented in a lecture he gave in 2015, and I think it is worth quoting in full (the emphases were added by me). And readers are highly encouraged to read the transcript in its entirety:I believe China is at interim stage between Civilization 2.0 and Civilization 3.0.Let’s call it Civilization 2.5. China has come a long way but still has a long road ahead.Therefore, I think there is a high probability that China will continue on the main track of Civilization 3.0, as the cost of deviation is very high.If you have a good understanding of China’s culture, people and history, you will agree that China will forge forward. This is particularly the case now that you have a better understanding of the essence of modern civilization. There is almost no chance of China leaving the common market, and the probability of China changing its market rules is also very small. Thus, it is highly probable that, in the next 2 to 3 decades, China will remain in the global market system, and adhere to free market principles, in addition to promoting science & technology development.It will take time to go from Civilization 2.5 to 3.0. And surprises and setbacks like VIE and delisting are likely (plus a bunch more that we cannot even imagine today). So, given the timeframe and uncertainties, it is an understandable decision that some investors, Li Lu himself included, decided to stay on the sideline.While Munger, apparently focused more on the opportunity side of the coin given that China will have no choice but to keep upgrading to 3.0 because “the cost of deviation is very high.” And we will elaborate on Munger's thinking and actions immediately below.Munger and BABAThe following chart summarizes the key events that led to Munger’s actions. As you can see from the chart below, he started buying BABA shares in 2021 Q1, after a large correction in its share price caused by the cancellation of the highly anticipated Ant Group IPO. He then doubled down his stake in Alibaba twice: first in 2021 Q3, and then again in 2021 Q4.There are certainly good reasons for Munger’s decision. In the near term, the market reacted too quickly to a series of short-term events based on perception (based on the information available at that time). And there is no lack of major events in the past 1 or 2 years as summarized in the chart (including a war, specifically the Russian/Ukraine war). As a result, even though BABA’s core business is intact, its valuation became too compressed when Munger pulled the trigger to double down his bets. It is a textbook reflection of his wisdom of buying a good business on the operating table. At the prices he bought into BABA, it was valued as a terminally cheap and stagnating business, while its core fundamentals not only remain intact but also well-positioned for growth.In the longer term, as just mentioned, not only China will continue to upgrade to Civilization 3.0, but also other countries in the Asian Pacific region. And such an upgrade will present spectacular growth opportunities, and BABA is well-positioned to benefit from such an upgrade, as to be discussed next.Source: Author based on Yahoo dataThe upgrade to civilization 3.0 and BABAIt is an unstopped trend that our world is moving toward e-commerce, and the epicenter of the remaining movement will be China and the Asian-Pacific region. Even though many of us are already impressed by the success of e-commerce giants like BABA and Amazon (AMZN), the movement toward e-commerce has just actually gotten started and the bulk of the growth is yet to come. The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (\"CAGR\") of 14.7% from 2020 to 2027. The secular support is even stronger for BABA as the Asia Pacific region is already dominating the market for e-commerce with a share of 55.3% in 2019. Furthermore, this region is expected to witness the fastest growth from 2020 to 2027 as seen below. Even by as early as 2023 – in about 2 years that is - retail e-commerce sales in Asia-Pacific are projected to be greater than the rest of the world combined.And BABA stands best poised to benefit from this upgrade, especially from the Asian-Pacific momentum. As argued in my earlier article:Capitalizing on the continued e-commerce growth requires a combination of scale and reach, government support, and technology. And also, finally, geographical proximity and cultural compatibility certainly help. And BABA has all these stars aligned for its further expansion – especially in the Asian-Pacific region. The China government might be tightening its regulations on its domestic market, but it certainly encourages the overseas expansion of its tech giants like BABA. And BABA has already accomplished a substantial lead in capturing overseas markets, with its close neighbors such as Indonesia and Vietnam posting revenue growth of over 100% YoY recently.Risks and final thoughtsTo recap, the current BABA situation is a textbook example of high-risk and high-return investment opportunities. There are plenty of risks in the near term and also in the long term. There has been no lack of major events in the past 1- or 2-years surrounding BABA (Ant IPO, fine, VEI, delisting, et al). In the near term, the China-U.S. trade tension and global geopolitical frictions will keep the stock prices in a highly volatile state. And I am sure there be more hiccups and surprises that investors have not thought about yet showing up in the near future.In the long term, China is going through an upgrade from civilization 2.5 to 3.0. I agree with Li Lu’s view that China will have no choice but to keep upgrading to 3.0 because “the cost of deviation is very high.” But at the same time, the path of the upgrade will be long and full of setbacks. Independent thinkers like Munger and Li, despite their opposite actions, are essentially betting on the two sides of the same coin.I am siding with Munger there and betting on the opportunity side. All the risks and opportunities mentioned above should apply equally to major China tech firms. However, I think the market now overly exaggerates the risk side for BABA and underestimates the opportunity side, creating an asymmetric opportunity. As you can see from the following chart, both the valuation of BABA and JD.com (JD) has been compressed substantially in the past two years. You can see that by the downward trend of the three-year medium of their price to CFO multiple. Despite the common risks/opportunities and also comparable (or even superior profitability as argued in our recent article), BABA was so much more compressed than JD. Its current P/CFO stands at only 10.55x, about 25% below JD’s 13,.98x, and a whopping 43% below its 3-year median of 18.44x.This article was written by","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":3898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919377285,"gmtCreate":1663742214347,"gmtModify":1676537327642,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9919377285","repostId":"2268917780","repostType":4,"repost":{"id":"2268917780","kind":"news","pubTimestamp":1663732800,"share":"https://ttm.financial/m/news/2268917780?lang=en_US&edition=fundamental","pubTime":"2022-09-21 12:00","market":"us","language":"en","title":"Alibaba: The Charlie Munger And Li Lu Divergence","url":"https://stock-news.laohu8.com/highlight/detail?id=2268917780","media":"Seeking Alpha","summary":"SummaryGreat minds think alike. But what is even more interesting is when they do not.Two of the mos","content":"<html><head></head><body><h2>Summary</h2><ul><li>Great minds think alike. But what is even more interesting is when they do not.</li><li>Two of the most successful investors of our time, Charlie Munger and Li Lu, diverge starkly on Alibaba.</li><li>A comparison of their views and actions best illustrates the opportunities and risks associated with the investment.</li><li>Risks commonly mentioned (VIE, delisting, etc.) are all symptoms to me, while Li Lu’s Civilization 2.5 theory offers a more fundamental explanation of the underlying cause.</li><li>Both bears and bulls can benefit from them and make more informed decisions.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0942ec404ebc02752e62408a90fefc89\" tg-width=\"1080\" tg-height=\"607\" referrerpolicy=\"no-referrer\"/><span>JuSun</span></p><h2>The investment thesis</h2><p>Charlie Munger needs no introduction, but some readers may need a bit more information on Li Lu. They have been close friends for almost 2 decades. Charlie Munger described Li Lu as the “Chinese Warren Buffett.” And to Li Lu, Munger has been a &#34;mentor and good friend&#34; (in Li Lu&#39;s own words). The following brief bio taken from Wikipedia provides a bit more info on Li Lu (slightly edited by me):</p><blockquote>Li Lu (born April 6, 1966) is a Chinese-born American value investor, businessman, and philanthropist. In 1997, he founded Himalaya Capital Management, known for its disciplined and value-oriented approach to investing. Li met Charlie Munger on Thanksgiving 2003 and they have been friends since. With Munger&#39;s help, Li transformed his hedge fund into a long-only investment vehicle which is currently focused on global investment opportunities. Munger has stated that Li Lu is the only outside manager he’s ever invested with and he’s described him as the “Chinese Warren Buffett.” Li Lu has been known as the man who introduced the Chinese battery and electric car maker BYD Company to Charlie Munger and Warren Buffett.</blockquote><p>It is interesting to observe that these two investors, who share both close friendship and also investing principles, diverge starkly on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF). Munger has a large position in BABA, but Li Lu does not. And this leads us to the main topic of today. You will see a comparison of their views and actions best illustrates the opportunities and risks associated with the BABA investment. On the one side, the current BABA situation presents an opportunity to buy a good business on the operation table, a hallmark investment strategy from Munger. On the other hand, this article will also dive into the view of Li Lu, especially his view on the civilization 2.5 status in China, as elaborated immediately below.</p><h2>Li Lu, BABA, and Civilization 2.5</h2><p>Li Lu’s current holdings in his Himalaya Capital Management are shown in the chart below. As mentioned above, Munger described him as the “Chinese Warren Buffett.” But from his holdings, he is more Buffett than Buffett himself in terms of concentration. His portfolio consists of a total of 6 positions only and the largest position - Micron (MU) - represents almost 34% of the total portfolio size.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0cfbdc8a33a6b476b854ac581dd6f60\" tg-width=\"640\" tg-height=\"157\" referrerpolicy=\"no-referrer\"/><span>Source: dataroma.com</span></p><p>You can also see that half of his picks overlap with Munger and Warren Buffett. All three of them like Bank of America (BAC), Apple (AAPL), and of course Berkshire Hathaway (BRK.A,BRK.B).</p><p>However, BABA is where he and Munger diverge. As to be detailed in the next Section, Munger holds a sizeable BABA position, but Li Lu does not. So naturally, it triggers the question: Why? Seeking Alpha authors have detailed many risks such as VIE, delisting, et al. To me, these are symptoms. In my view, Li Lu’s following Civilization 2.5 theory offers a more fundamental explanation of the underlying cause. The theory was presented in a lecture he gave in 2015, and I think it is worth quoting in full (the emphases were added by me). And readers are highly encouraged to read the transcript in its entirety:</p><blockquote>I believe China is at interim stage between Civilization 2.0 and Civilization 3.0.<i>Let’s call it Civilization 2.5. China has come a long way but still has a long road ahead.</i>Therefore, <i>I think there is a high probability that China will continue on the main track of Civilization 3.0, as the cost of deviation is very high.</i>If you have a good understanding of China’s culture, people and history, you will agree that China will forge forward. This is particularly the case now that you have a better understanding of the essence of modern civilization. There is almost no chance of China leaving the common market, and the probability of China changing its market rules is also very small. Thus, it is highly probable that, in the next 2 to 3 decades, China will remain in the global market system, and adhere to free market principles, in addition to promoting science &amp; technology development.</blockquote><p>It will take time to go from Civilization 2.5 to 3.0. And surprises and setbacks like VIE and delisting are likely (plus a bunch more that we cannot even imagine today). So, given the timeframe and uncertainties, it is an understandable decision that some investors, Li Lu himself included, decided to stay on the sideline.</p><p>While Munger, apparently focused more on the opportunity side of the coin given that China will have no choice but to keep upgrading to 3.0 because “the cost of deviation is very high.” And we will elaborate on Munger&#39;s thinking and actions immediately below.</p><h2>Munger and BABA</h2><p>The following chart summarizes the key events that led to Munger’s actions. As you can see from the chart below, he started buying BABA shares in 2021 Q1, after a large correction in its share price caused by the cancellation of the highly anticipated Ant Group IPO. He then doubled down his stake in Alibaba twice: first in 2021 Q3, and then again in 2021 Q4.</p><p>There are certainly good reasons for Munger’s decision. In the near term, the market reacted too quickly to a series of short-term events based on perception (based on the information available at that time). And there is no lack of major events in the past 1 or 2 years as summarized in the chart (including a war, specifically the Russian/Ukraine war). As a result, even though BABA’s core business is intact, its valuation became too compressed when Munger pulled the trigger to double down his bets. It is a textbook reflection of his wisdom of buying a good business on the operating table. At the prices he bought into BABA, it was valued as a terminally cheap and stagnating business, while its core fundamentals not only remain intact but also well-positioned for growth.</p><p>In the longer term, as just mentioned, not only China will continue to upgrade to Civilization 3.0, but also other countries in the Asian Pacific region. And such an upgrade will present spectacular growth opportunities, and BABA is well-positioned to benefit from such an upgrade, as to be discussed next.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f64d51b9956d82d5a712c375aa004d1\" tg-width=\"640\" tg-height=\"266\" referrerpolicy=\"no-referrer\"/><span>Source: Author based on Yahoo data</span></p><h2>The upgrade to civilization 3.0 and BABA</h2><p>It is an unstopped trend that our world is moving toward e-commerce, and the epicenter of the remaining movement will be China and the Asian-Pacific region. Even though many of us are already impressed by the success of e-commerce giants like BABA and Amazon (AMZN), the movement toward e-commerce has just actually gotten started and the bulk of the growth is yet to come. The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (&#34;CAGR&#34;) of 14.7% from 2020 to 2027. The secular support is even stronger for BABA as the Asia Pacific region is already dominating the market for e-commerce with a share of 55.3% in 2019. Furthermore, this region is expected to witness the fastest growth from 2020 to 2027 as seen below. Even by as early as 2023 – in about 2 years that is - retail e-commerce sales in Asia-Pacific are projected to be greater than the rest of the world combined.</p><p><img src=\"https://static.tigerbbs.com/3e1c49046f66ec88ec7e79914feb0658\" tg-width=\"640\" tg-height=\"335\" referrerpolicy=\"no-referrer\"/></p><p>And BABA stands best poised to benefit from this upgrade, especially from the Asian-Pacific momentum. As argued in my earlier article:</p><blockquote><i>Capitalizing on the continued e-commerce growth requires a combination of scale and reach, government support, and technology. And also, finally, geographical proximity and cultural compatibility certainly help. And BABA has all these stars aligned for its further expansion – especially in the Asian-Pacific region. The China government might be tightening its regulations on its domestic market, but it certainly encourages the overseas expansion of its tech giants like BABA. And BABA has already accomplished a substantial lead in capturing overseas markets, with its close neighbors such as Indonesia and Vietnam posting revenue growth of over 100% YoY recently.</i></blockquote><p>Risks and final thoughts</p><p>To recap, the current BABA situation is a textbook example of high-risk and high-return investment opportunities. There are plenty of risks in the near term and also in the long term. There has been no lack of major events in the past 1- or 2-years surrounding BABA (Ant IPO, fine, VEI, delisting, et al). In the near term, the China-U.S. trade tension and global geopolitical frictions will keep the stock prices in a highly volatile state. And I am sure there be more hiccups and surprises that investors have not thought about yet showing up in the near future.</p><p>In the long term, China is going through an upgrade from civilization 2.5 to 3.0. I agree with Li Lu’s view that China will have no choice but to keep upgrading to 3.0 because “the cost of deviation is very high.” But at the same time, the path of the upgrade will be long and full of setbacks. Independent thinkers like Munger and Li, despite their opposite actions, are essentially betting on the two sides of the same coin.</p><p>I am siding with Munger there and betting on the opportunity side. All the risks and opportunities mentioned above should apply equally to major China tech firms. However, I think the market now overly exaggerates the risk side for BABA and underestimates the opportunity side, creating an asymmetric opportunity. As you can see from the following chart, both the valuation of BABA and JD.com (JD) has been compressed substantially in the past two years. You can see that by the downward trend of the three-year medium of their price to CFO multiple. Despite the common risks/opportunities and also comparable (or even superior profitability as argued in our recent article), BABA was so much more compressed than JD. Its current P/CFO stands at only 10.55x, about 25% below JD’s 13,.98x, and a whopping 43% below its 3-year median of 18.44x.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c588d4b31a546d6b45775d98e8bd545b\" tg-width=\"640\" tg-height=\"312\" referrerpolicy=\"no-referrer\"/><span>This article was written by</span></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba: The Charlie Munger And Li Lu Divergence</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\">\nAlibaba: The Charlie Munger And Li Lu Divergence\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-21 12:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4541883-alibaba-the-charlie-munger-and-li-lu-divergence><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryGreat minds think alike. But what is even more interesting is when they do not.Two of the most successful investors of our time, Charlie Munger and Li Lu, diverge starkly on Alibaba.A ...</p>\n\n<a href=\"https://seekingalpha.com/article/4541883-alibaba-the-charlie-munger-and-li-lu-divergence\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4541883-alibaba-the-charlie-munger-and-li-lu-divergence","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2268917780","content_text":"SummaryGreat minds think alike. But what is even more interesting is when they do not.Two of the most successful investors of our time, Charlie Munger and Li Lu, diverge starkly on Alibaba.A comparison of their views and actions best illustrates the opportunities and risks associated with the investment.Risks commonly mentioned (VIE, delisting, etc.) are all symptoms to me, while Li Lu’s Civilization 2.5 theory offers a more fundamental explanation of the underlying cause.Both bears and bulls can benefit from them and make more informed decisions.JuSunThe investment thesisCharlie Munger needs no introduction, but some readers may need a bit more information on Li Lu. They have been close friends for almost 2 decades. Charlie Munger described Li Lu as the “Chinese Warren Buffett.” And to Li Lu, Munger has been a \"mentor and good friend\" (in Li Lu's own words). The following brief bio taken from Wikipedia provides a bit more info on Li Lu (slightly edited by me):Li Lu (born April 6, 1966) is a Chinese-born American value investor, businessman, and philanthropist. In 1997, he founded Himalaya Capital Management, known for its disciplined and value-oriented approach to investing. Li met Charlie Munger on Thanksgiving 2003 and they have been friends since. With Munger's help, Li transformed his hedge fund into a long-only investment vehicle which is currently focused on global investment opportunities. Munger has stated that Li Lu is the only outside manager he’s ever invested with and he’s described him as the “Chinese Warren Buffett.” Li Lu has been known as the man who introduced the Chinese battery and electric car maker BYD Company to Charlie Munger and Warren Buffett.It is interesting to observe that these two investors, who share both close friendship and also investing principles, diverge starkly on Alibaba Group Holding Limited (NYSE:BABA,OTCPK:BABAF). Munger has a large position in BABA, but Li Lu does not. And this leads us to the main topic of today. You will see a comparison of their views and actions best illustrates the opportunities and risks associated with the BABA investment. On the one side, the current BABA situation presents an opportunity to buy a good business on the operation table, a hallmark investment strategy from Munger. On the other hand, this article will also dive into the view of Li Lu, especially his view on the civilization 2.5 status in China, as elaborated immediately below.Li Lu, BABA, and Civilization 2.5Li Lu’s current holdings in his Himalaya Capital Management are shown in the chart below. As mentioned above, Munger described him as the “Chinese Warren Buffett.” But from his holdings, he is more Buffett than Buffett himself in terms of concentration. His portfolio consists of a total of 6 positions only and the largest position - Micron (MU) - represents almost 34% of the total portfolio size.Source: dataroma.comYou can also see that half of his picks overlap with Munger and Warren Buffett. All three of them like Bank of America (BAC), Apple (AAPL), and of course Berkshire Hathaway (BRK.A,BRK.B).However, BABA is where he and Munger diverge. As to be detailed in the next Section, Munger holds a sizeable BABA position, but Li Lu does not. So naturally, it triggers the question: Why? Seeking Alpha authors have detailed many risks such as VIE, delisting, et al. To me, these are symptoms. In my view, Li Lu’s following Civilization 2.5 theory offers a more fundamental explanation of the underlying cause. The theory was presented in a lecture he gave in 2015, and I think it is worth quoting in full (the emphases were added by me). And readers are highly encouraged to read the transcript in its entirety:I believe China is at interim stage between Civilization 2.0 and Civilization 3.0.Let’s call it Civilization 2.5. China has come a long way but still has a long road ahead.Therefore, I think there is a high probability that China will continue on the main track of Civilization 3.0, as the cost of deviation is very high.If you have a good understanding of China’s culture, people and history, you will agree that China will forge forward. This is particularly the case now that you have a better understanding of the essence of modern civilization. There is almost no chance of China leaving the common market, and the probability of China changing its market rules is also very small. Thus, it is highly probable that, in the next 2 to 3 decades, China will remain in the global market system, and adhere to free market principles, in addition to promoting science & technology development.It will take time to go from Civilization 2.5 to 3.0. And surprises and setbacks like VIE and delisting are likely (plus a bunch more that we cannot even imagine today). So, given the timeframe and uncertainties, it is an understandable decision that some investors, Li Lu himself included, decided to stay on the sideline.While Munger, apparently focused more on the opportunity side of the coin given that China will have no choice but to keep upgrading to 3.0 because “the cost of deviation is very high.” And we will elaborate on Munger's thinking and actions immediately below.Munger and BABAThe following chart summarizes the key events that led to Munger’s actions. As you can see from the chart below, he started buying BABA shares in 2021 Q1, after a large correction in its share price caused by the cancellation of the highly anticipated Ant Group IPO. He then doubled down his stake in Alibaba twice: first in 2021 Q3, and then again in 2021 Q4.There are certainly good reasons for Munger’s decision. In the near term, the market reacted too quickly to a series of short-term events based on perception (based on the information available at that time). And there is no lack of major events in the past 1 or 2 years as summarized in the chart (including a war, specifically the Russian/Ukraine war). As a result, even though BABA’s core business is intact, its valuation became too compressed when Munger pulled the trigger to double down his bets. It is a textbook reflection of his wisdom of buying a good business on the operating table. At the prices he bought into BABA, it was valued as a terminally cheap and stagnating business, while its core fundamentals not only remain intact but also well-positioned for growth.In the longer term, as just mentioned, not only China will continue to upgrade to Civilization 3.0, but also other countries in the Asian Pacific region. And such an upgrade will present spectacular growth opportunities, and BABA is well-positioned to benefit from such an upgrade, as to be discussed next.Source: Author based on Yahoo dataThe upgrade to civilization 3.0 and BABAIt is an unstopped trend that our world is moving toward e-commerce, and the epicenter of the remaining movement will be China and the Asian-Pacific region. Even though many of us are already impressed by the success of e-commerce giants like BABA and Amazon (AMZN), the movement toward e-commerce has just actually gotten started and the bulk of the growth is yet to come. The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (\"CAGR\") of 14.7% from 2020 to 2027. The secular support is even stronger for BABA as the Asia Pacific region is already dominating the market for e-commerce with a share of 55.3% in 2019. Furthermore, this region is expected to witness the fastest growth from 2020 to 2027 as seen below. Even by as early as 2023 – in about 2 years that is - retail e-commerce sales in Asia-Pacific are projected to be greater than the rest of the world combined.And BABA stands best poised to benefit from this upgrade, especially from the Asian-Pacific momentum. As argued in my earlier article:Capitalizing on the continued e-commerce growth requires a combination of scale and reach, government support, and technology. And also, finally, geographical proximity and cultural compatibility certainly help. And BABA has all these stars aligned for its further expansion – especially in the Asian-Pacific region. The China government might be tightening its regulations on its domestic market, but it certainly encourages the overseas expansion of its tech giants like BABA. And BABA has already accomplished a substantial lead in capturing overseas markets, with its close neighbors such as Indonesia and Vietnam posting revenue growth of over 100% YoY recently.Risks and final thoughtsTo recap, the current BABA situation is a textbook example of high-risk and high-return investment opportunities. There are plenty of risks in the near term and also in the long term. There has been no lack of major events in the past 1- or 2-years surrounding BABA (Ant IPO, fine, VEI, delisting, et al). In the near term, the China-U.S. trade tension and global geopolitical frictions will keep the stock prices in a highly volatile state. And I am sure there be more hiccups and surprises that investors have not thought about yet showing up in the near future.In the long term, China is going through an upgrade from civilization 2.5 to 3.0. I agree with Li Lu’s view that China will have no choice but to keep upgrading to 3.0 because “the cost of deviation is very high.” But at the same time, the path of the upgrade will be long and full of setbacks. Independent thinkers like Munger and Li, despite their opposite actions, are essentially betting on the two sides of the same coin.I am siding with Munger there and betting on the opportunity side. All the risks and opportunities mentioned above should apply equally to major China tech firms. However, I think the market now overly exaggerates the risk side for BABA and underestimates the opportunity side, creating an asymmetric opportunity. As you can see from the following chart, both the valuation of BABA and JD.com (JD) has been compressed substantially in the past two years. You can see that by the downward trend of the three-year medium of their price to CFO multiple. Despite the common risks/opportunities and also comparable (or even superior profitability as argued in our recent article), BABA was so much more compressed than JD. Its current P/CFO stands at only 10.55x, about 25% below JD’s 13,.98x, and a whopping 43% below its 3-year median of 18.44x.This article was written by","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":2821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934217881,"gmtCreate":1663254710243,"gmtModify":1676537237853,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9934217881","repostId":"1151063859","repostType":4,"repost":{"id":"1151063859","kind":"news","pubTimestamp":1663252348,"share":"https://ttm.financial/m/news/1151063859?lang=en_US&edition=fundamental","pubTime":"2022-09-15 22:32","market":"us","language":"en","title":"Microsoft: Insider Selling, Frothy Valuation, Worsening Fundamentals, And More","url":"https://stock-news.laohu8.com/highlight/detail?id=1151063859","media":"Seeking Alpha","summary":"SummaryWith slowing revenue growth and flattening operating margins, Microsoft's stock looks expensi","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>With slowing revenue growth and flattening operating margins, Microsoft&#39;s stock looks expensive at ~26x forward earnings in the face of a potential recession.</li><li>Rising interest rates and persistent inflation are set to pressure corporate earnings, and while Microsoft&#39;s numbers might hold up better than most peers, it is not immune to the economy.</li><li>In recent weeks, Microsoft&#39;s insiders (including the CEO &amp; CFO) have been cashing out of the stock in a big way. Is it time for retail investors to sell too?</li><li>While Microsoft is a great company, its premium valuation is a recipe for single-digit returns over the next five years.</li><li>For investors comfortable with mid-single digit returns in exchange for greater stability, holding MSFT at current levels is ok (but far from ideal). I rate MSFT &#39;Neutral&#39; at $252 per share.</li></ul><p><b>Introduction</b></p><p>On Tuesday, Microsoft&#39;s (NASDAQ:MSFT) stock got hammered down along with broader markets [S&amp;P 500 down ~4%, Nasdaq-100 down 5%+] on concerns regarding a hotter-than-expected CPI print (8.3% in August 2022), and more so due to rising expectations of a ~75-100 bps rate hike from the FED at its September meeting next week.</p><p><img src=\"https://static.tigerbbs.com/bfdd9276850280fde49f1571850b8dd6\" tg-width=\"640\" tg-height=\"372\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Finviz</p><p><img src=\"https://static.tigerbbs.com/2e8b481a1dbe9f80d2dd6338e7929cf6\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>CNBC</p><p>After this latest price drop, Microsoft is staring at the prospect of retesting its 52-week lows of ~$240, last seen in June 2022. In my recent notes on Microsoft, I have rated the stock &#39;Neutral / Avoid&#39;, citing the sheer lack of risk premium. Furthermore, we have discussed the potential of a ~30-50% decline in Microsoft&#39;s stock due to an inevitable normalization of trading multiples, given the current macroeconomic environment.</p><p>In today&#39;s note, I would like to draw your attention to the ongoing insider selling, rising macro risk, worsening business fundamentals, and Microsoft&#39;s excessive absolute valuation.</p><p><b>Insiders Are Selling Hand Over Fist</b></p><p>Back in November 2021, Satya Nadella (Microsoft&#39;s CEO) sold roughly half of his Microsoft shares for around ~$340, which as of today, looks like him nailing the exact top on the stock.</p><p><img src=\"https://static.tigerbbs.com/2b598b689ee9280c8a82e6fbb6c4b855\" tg-width=\"640\" tg-height=\"727\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Nasdaq</p><p>And then, since late August, Satya has been at it again, selling ~167K shares [disposing of all of his latest stock grants and some additional shares]. Moreover, Amy Hood (Microsoft&#39;s CFO) joined in the fun last week and sold many of her shares, cashing out millions of dollars.</p><p><img src=\"https://static.tigerbbs.com/01da63e92c7af417306e354c94158a77\" tg-width=\"640\" tg-height=\"663\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Nasdaq</p><p>With C-suite executives cashing out, it is fair to ask, &#34;Is it time for retail investors to get out of Microsoft?&#34; Let&#39;s find out.</p><p>Where Do We Stand And How Much Lower Could MSFT Go From Here?</p><p>After fading its latest rally, Microsoft&#39;s stock is hovering right above its June lows of ~$240 per share. Over the last year or so, Microsoft&#39;s trading multiples have been normalizing. With a P/E ratio of ~26x, Microsoft stock is far from cheap, especially because in a high-inflation environment, index multiples tend to go far lower than historical P/E averages of 15-20x. Even if Microsoft were to simply go down to 20x P/E, that would mean a 25-30% correction in the stock (&amp; that is only mean reversion).</p><p><img src=\"https://static.tigerbbs.com/c2c8ec23056c1861a50cff72e4a7ba0e\" tg-width=\"640\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>YCharts</p><p>Furthermore, if Microsoft&#39;s earnings moderate over the next few quarters like they generally do at this stage of the cycle for technology companies, its stock may have much more downside risk than what has been priced at this moment. During the 2007-09 recession, Microsoft&#39;s FCF yield rose to ~11%, and if we were to end up going that high, the stock would probably need to fall by more than 50%.</p><p><img src=\"https://static.tigerbbs.com/b519927c5ff03fa1e8ccaa8196fd425f\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>YCharts</p><p>Comparing Microsoft&#39;s free cash flow yield (of 3.43%) with treasury rates (&gt;3.5%), you can easily see the lack of risk premium attached to Microsoft&#39;s stock, i.e., the market is telling us that Microsoft is safer than treasuries. While this may be true to some extent, Microsoft&#39;s business is not immune from broader macro, and it certainly doesn&#39;t have the liberty of printing money.</p><p><img src=\"https://static.tigerbbs.com/0acf3faa059e9652f28ca08cbb4c6c75\" tg-width=\"493\" tg-height=\"287\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Treasury Rates on 13th September 2022 (CNBC)</p><p>Persistent inflation, surging interest rates, and a potential economic recession are set to bring several headwinds for Microsoft, and the stock may continue to underperform for the foreseeable future. Let&#39;s discuss some business fundamentals of Microsoft to ensure we are on the same page here.</p><p><b>Business Fundamentals Are Deteriorating</b></p><p>Microsoft&#39;s latest quarterly results met street expectations. Since these numbers have been widely discussed, we won&#39;t explore them today. Rather, I think we should look at the bigger picture by zooming out a little. In Q4 FY22, Microsoft&#39;s revenue growth rate continued decelerating, with operating margins also decreasing.</p><p><img src=\"https://static.tigerbbs.com/028e0d5bd23551eda76fe1fd5b5f8a4b\" tg-width=\"640\" tg-height=\"400\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>YCharts</p><p>For FY-23, Microsoft&#39;s management expects double-digit growth in revenues and operating income [despite operating margins projected to remain flat]. While this guidance seemed to have buoyed analysts and investors alike [with MSFT&#39;s stock rocketing up to $290 per share], I don&#39;t think these numbers would be achieved in a recession [that&#39;s looking likelier by the day]. Back in 2007-09 (during the global financial crisis), Microsoft&#39;s revenues and operating margins declined significantly, which shows that Microsoft is not immune to the economy.</p><p><img src=\"https://static.tigerbbs.com/45ccf2abbbf515944557a249d5502482\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Microsoft FY2023 Outlook</p><p><img src=\"https://static.tigerbbs.com/bd3bff8de6f97517863566aac7a80521\" tg-width=\"640\" tg-height=\"329\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Microsoft FY2023 Outlook</p><p>During Microsoft&#39;s Q4-FY2022 earnings call, the company&#39;s CEO and CFO made it clear that the tech giant is not immune to the macroeconomic environment and that its FY2023 guidance was based on the current macro environment. Here&#39;s an excerpt from the latest earnings call transcript (the must-read parts are highlighted in bold):</p><blockquote><b>MARK MOERDLER, Bernstein:</b>Thank you very much, and congratulations on the quarter. I&#39;d like to follow up a little bit on that.<b>With all the concerns about macro recession, everyone&#39;s trying to understand how cloud, and from Microsoft&#39;s case more specifically, IaaS, PaaS operates in a slowdown recession. How do you think about Azure&#39;s resiliency? How do you think about Azure&#39;s exposure to advertising business, consumer Internet and SMB if we do see a real recession?</b>Thank you.</blockquote><blockquote><b>SATYA NADELLA:</b>Yeah, maybe I&#39;ll start, and Amy, feel free to add.<b>I mean, overall, we&#39;re not immune to what&#39;s happening in the macro broadly</b>, right, to Keith&#39;s question and your question Mark. I think I&#39;d say I&#39;d start there, because whether it&#39;s on the demand side with consumers or SMBs, I think Amy in her remarks talked about some of that, even in our results in the quarter. But what&#39;s happening with it in Azure, though, is in some sense, businesses trying to deal with the overall macroeconomic situation and trying to make sure that they can do more with less.</blockquote><blockquote>For example, moving to the cloud is the best way to shape your spend with demand uncertainty, right, because in fact, if anything, one of the things that we&#39;re seeing is an increased shift towards the cloud, and then of course, optimizing your bill. We are incenting even our own field to ensure that the bills for our customers come down. And that, in fact, even shows up in some of the volatility in our Azure numbers, because that&#39;s one of the big benefits of the public cloud. And that&#39;s why I think, coming out of this macroeconomic crisis, the public cloud will be even a bigger winner, because it does act as that deflationary force.</blockquote><blockquote>So, that&#39;s sort of what we are seeing in the Azure numbers. We will be exposed to consumer driven businesses and SMBs, but at some level, our strength as a company is much stronger in the core commercial. So, I think that will do fine there.</blockquote><blockquote>The other one is also people building new applications that are completely new frontier. I mean, there are two numbers that I talked about. One is the triple digit growth in Cosmos DB, and triple digit growth in Container App Services. You take those two things, and you say, what are people doing? People are writing applications at a completely different frontier of efficiency, which is a cloud-native, serverless, container-based types of applications.</blockquote><blockquote>And so, to me, that&#39;s another way for you to make sure that your IT spend goes a long way in a time like this.</blockquote><blockquote><b>BRENT THILL, Jefferies:</b>Amy, great to hear the double-digit guidance. I guess many are asking<b>are you embedding a worsening macroenvironment or a similar environment that we&#39;re in to get to that type of growth?</b></blockquote><blockquote><b>AMY HOOD:</b>Thanks, Brent.<b>As I said, it&#39;s trying to take into account the current macroenvironment.</b>And as I said, I took what we saw in June, applied it as best we thought we could through the course of the fiscal year. And if you think about how the… and if you try to look over the course of the year with some of my comments, you&#39;d say, okay, in H1 vs. H2, I would point out three things that changed a bit over the course of that time.</blockquote><blockquote>First, of course, if we&#39;re talking about USD, it would be FX. It&#39;s a bigger headwind in H1; it&#39;s less of a headwind in H2. The second thing I would point to would be OpEx. As we&#39;ve talked about in H1, we&#39;ve obviously added .2% headcount this quarter. We still have 11,000 hires that we have started in Q1. We&#39;ve still got Nuance and Xandr in acquisitions, and we anniversary, a lot of that as we focus our hiring and focus on the productivity of all the hiring we&#39;ve done over the past year, and then the OEM comparables obviously get a lot different when you get from H1 into H2. And so, as you&#39;re trying to think about the shape, and how did I consider it, I sort of took those things into account, thought about the trends we&#39;ve been seeing in June and applied them as best we can.</blockquote><blockquote>Source:Microsoft Q4-FY2022 Earnings Call Transcript</blockquote><p>While we might very well be in a recession already, enterprise spending is generally the last shoe to drop in a cycle, and we have not seen any signs of that so far. The FED is tightening into a slowing economy due to red-hot inflation; however, the probability of a recession is rising rapidly. This is why I fear that Microsoft may fail to meet its FY2023 guidance. I may be wrong here, but it is pretty clear that Microsoft&#39;s business could come under pressure if the macro worsens from here, which is very likely to happen.</p><p>Microsoft&#39;s balance sheet is truly a fortress with ~$55B of net cash; however, things may change quickly if the $68.7B deal to acquire Activision Blizzard (ATVI) goes through in the next 9-12 months (as per timeline). After this deal closes, Microsoft would still have ~$35-40B in cash (negative net cash, unless the company reduces its capital return program). And this cash position, combined with free cash flow generation, make Microsoft&#39;s dividend safe. However, if operating margins were to decline a lot, we may see a temporary suspension of Microsoft&#39;s stock buyback program.</p><p><img src=\"https://static.tigerbbs.com/1815a464e327b1ed52ae0a6187a0c010\" tg-width=\"640\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>YCharts</p><p>Overall, Microsoft is a fantastic company, and the fact that it is growing at this scale is truly astounding. With that said, Microsoft&#39;s business fundamentals are deteriorating - slowing revenue growth, flattening operating margins, and a worsening balance sheet. Considering all of this information, let&#39;s evaluate Microsoft&#39;s absolute fair value and 5-yr expected returns.</p><p><b>Microsoft&#39;s Fair Value And Expected Returns</b></p><p>The exercise starts with simple data collection for inputs such as stock price, TTM revenue, and share count. To approximate the future free cash flows for Microsoft, I have used a two-step growth model: 10% CAGR growth for the first five years, followed by terminal growth of 3% per year.</p><p>As you know, Microsoft is highly profitable, with operating margins consistently above 30% over the years, and hence, assuming a 30% optimized FCF margin at maturity is quite reasonable in my view. Despite Microsoft spending big on Activision, I think the tech giant will persist with its shareholder-friendly capital return policies.</p><p>Lastly, I used a 10% discount rate (required IRR) for Microsoft, which happens to be the next best alternative (S&amp;P 500&#39;s historical return) for long-term investors.</p><p><img src=\"https://static.tigerbbs.com/0470579af9dcb3b1c3c3b2d8e3aff4a5\" tg-width=\"640\" tg-height=\"479\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TQI Valuation Model (Author)</p><p>According to our valuation model, Microsoft&#39;s fair value is ~$156.27 per share (or $1.17T). With the stock trading at ~$252 per share, I think it is still trading at a hefty premium to its intrinsic value.</p><p>Predicting where a stock would trade in the short term is impossible; however, over the long run, a stock would track its business fundamentals and obey the immutable laws of money. If the interest rates were to stay depressed, higher equity multiples would stay here. However, I work with the assumption that interest rates will eventually track the long-term average of ~5%. Inverting this number, we get a trading multiple of ~20x. Since Microsoft&#39;s scale and quality of business deserves a premium, I assigned a base case exit P/FCF multiple of ~25x.</p><p><img src=\"https://static.tigerbbs.com/cf57982886a90b915f9411d20ae90c46\" tg-width=\"640\" tg-height=\"307\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>TQI Valuation Model (Author)</p><p>By 2027, Microsoft could grow from ~$252 to ~$384 at a CAGR of 8.8%. Since Microsoft&#39;s expected returns fall short of our required IRR of 10%, it is not a buy. However, long-term investors who are willing to accept single-digit returns in exchange for greater stability (lower volatility) can continue to hold the stock.</p><p>Remember, the intrinsic value and price targets we determined in this exercise are approximations of my expectations for Microsoft&#39;s business, which may differ materially in reality down the line. The purpose of performing this exercise is not to nail down the precise valuation of a business; it is to generate a good approximation of what a business can do for us. If we find that the current odds are favorable for long-term investors (us) even with conservative assumptions [&amp; margin of safety], then and only then, we take a long position!</p><p>As an analyst and an investor, I always strive to generate the best possible approximation for all companies under research. Despite all the due diligence I perform, I could be wrong, and this is why I always try to buy stocks with a margin of safety (at a discount to intrinsic value).</p><p><b>Concluding Thoughts</b></p><p>Despite being down more than ~28% from its 2021 highs, Microsoft&#39;s stock continues to trade at a steep premium to its intrinsic value. With revenue and operating income growth slowing down in the face of a potential economic recession, Microsoft looks ripe for further normalization in trading multiples.</p><p>Another 12% price decline and Microsoft would be trading at multiples last seen during the heights of the COVID-19 pandemic sell-off. However, a mover of this magnitude may not be enough, as inflation remains red hot, and the FED continues tightening its monetary policy despite the rising likelihood of an economic recession. As we saw today, Microsoft is not immune to macro, and any downward earnings revisions or guidance cuts could lead to a big sell-off in Microsoft&#39;s stock. On an absolute value basis, I believe that Microsoft is worth ~$156.27 per share, which means there may be more pain to come for MSFT shareholders. An old adage in investing goes like this - &#34;Don&#39;t Fight The Fed&#34; - and this quote is apt for today&#39;s market conditions. With important insiders also selling shares of Microsoft, I find it really, really hard to justify a new purchase at these elevated multiples. That said, long-term DGI investors could continue to &#39;Hold&#39; at this price. If Microsoft gets down to ~20x P/E, I will look to add more shares at that time.</p><p><b>Key Takeaway:</b> I rate Microsoft a &#39;Neutral / Avoid&#39; at $252.</p><p>Thank you for reading, and happy investing! Please share any questions, thoughts, and/or concerns in the comments section below or DM me.</p><p>In addition to today&#39;s discussion, members at my marketplace service received TQI&#39;s Quantamental analysis, capital allocation plan, and risk management strategy for Microsoft [along with a special merger arbitrage trade idea].</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft: Insider Selling, Frothy Valuation, Worsening Fundamentals, And More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft: Insider Selling, Frothy Valuation, Worsening Fundamentals, And More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-15 22:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4540891-microsoft-insider-selling-frothy-valuation-worsening-fundamentals?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A4><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWith slowing revenue growth and flattening operating margins, Microsoft's stock looks expensive at ~26x forward earnings in the face of a potential recession.Rising interest rates and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4540891-microsoft-insider-selling-frothy-valuation-worsening-fundamentals?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A4\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4540891-microsoft-insider-selling-frothy-valuation-worsening-fundamentals?source=content_type%3Aall%7Cfirst_level_url%3Aportfolio%7Csection%3Aportfolio_content_unit%7Csection_asset%3Alatest%7Cline%3A4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151063859","content_text":"SummaryWith slowing revenue growth and flattening operating margins, Microsoft's stock looks expensive at ~26x forward earnings in the face of a potential recession.Rising interest rates and persistent inflation are set to pressure corporate earnings, and while Microsoft's numbers might hold up better than most peers, it is not immune to the economy.In recent weeks, Microsoft's insiders (including the CEO & CFO) have been cashing out of the stock in a big way. Is it time for retail investors to sell too?While Microsoft is a great company, its premium valuation is a recipe for single-digit returns over the next five years.For investors comfortable with mid-single digit returns in exchange for greater stability, holding MSFT at current levels is ok (but far from ideal). I rate MSFT 'Neutral' at $252 per share.IntroductionOn Tuesday, Microsoft's (NASDAQ:MSFT) stock got hammered down along with broader markets [S&P 500 down ~4%, Nasdaq-100 down 5%+] on concerns regarding a hotter-than-expected CPI print (8.3% in August 2022), and more so due to rising expectations of a ~75-100 bps rate hike from the FED at its September meeting next week.FinvizCNBCAfter this latest price drop, Microsoft is staring at the prospect of retesting its 52-week lows of ~$240, last seen in June 2022. In my recent notes on Microsoft, I have rated the stock 'Neutral / Avoid', citing the sheer lack of risk premium. Furthermore, we have discussed the potential of a ~30-50% decline in Microsoft's stock due to an inevitable normalization of trading multiples, given the current macroeconomic environment.In today's note, I would like to draw your attention to the ongoing insider selling, rising macro risk, worsening business fundamentals, and Microsoft's excessive absolute valuation.Insiders Are Selling Hand Over FistBack in November 2021, Satya Nadella (Microsoft's CEO) sold roughly half of his Microsoft shares for around ~$340, which as of today, looks like him nailing the exact top on the stock.NasdaqAnd then, since late August, Satya has been at it again, selling ~167K shares [disposing of all of his latest stock grants and some additional shares]. Moreover, Amy Hood (Microsoft's CFO) joined in the fun last week and sold many of her shares, cashing out millions of dollars.NasdaqWith C-suite executives cashing out, it is fair to ask, \"Is it time for retail investors to get out of Microsoft?\" Let's find out.Where Do We Stand And How Much Lower Could MSFT Go From Here?After fading its latest rally, Microsoft's stock is hovering right above its June lows of ~$240 per share. Over the last year or so, Microsoft's trading multiples have been normalizing. With a P/E ratio of ~26x, Microsoft stock is far from cheap, especially because in a high-inflation environment, index multiples tend to go far lower than historical P/E averages of 15-20x. Even if Microsoft were to simply go down to 20x P/E, that would mean a 25-30% correction in the stock (& that is only mean reversion).YChartsFurthermore, if Microsoft's earnings moderate over the next few quarters like they generally do at this stage of the cycle for technology companies, its stock may have much more downside risk than what has been priced at this moment. During the 2007-09 recession, Microsoft's FCF yield rose to ~11%, and if we were to end up going that high, the stock would probably need to fall by more than 50%.YChartsComparing Microsoft's free cash flow yield (of 3.43%) with treasury rates (>3.5%), you can easily see the lack of risk premium attached to Microsoft's stock, i.e., the market is telling us that Microsoft is safer than treasuries. While this may be true to some extent, Microsoft's business is not immune from broader macro, and it certainly doesn't have the liberty of printing money.Treasury Rates on 13th September 2022 (CNBC)Persistent inflation, surging interest rates, and a potential economic recession are set to bring several headwinds for Microsoft, and the stock may continue to underperform for the foreseeable future. Let's discuss some business fundamentals of Microsoft to ensure we are on the same page here.Business Fundamentals Are DeterioratingMicrosoft's latest quarterly results met street expectations. Since these numbers have been widely discussed, we won't explore them today. Rather, I think we should look at the bigger picture by zooming out a little. In Q4 FY22, Microsoft's revenue growth rate continued decelerating, with operating margins also decreasing.YChartsFor FY-23, Microsoft's management expects double-digit growth in revenues and operating income [despite operating margins projected to remain flat]. While this guidance seemed to have buoyed analysts and investors alike [with MSFT's stock rocketing up to $290 per share], I don't think these numbers would be achieved in a recession [that's looking likelier by the day]. Back in 2007-09 (during the global financial crisis), Microsoft's revenues and operating margins declined significantly, which shows that Microsoft is not immune to the economy.Microsoft FY2023 OutlookMicrosoft FY2023 OutlookDuring Microsoft's Q4-FY2022 earnings call, the company's CEO and CFO made it clear that the tech giant is not immune to the macroeconomic environment and that its FY2023 guidance was based on the current macro environment. Here's an excerpt from the latest earnings call transcript (the must-read parts are highlighted in bold):MARK MOERDLER, Bernstein:Thank you very much, and congratulations on the quarter. I'd like to follow up a little bit on that.With all the concerns about macro recession, everyone's trying to understand how cloud, and from Microsoft's case more specifically, IaaS, PaaS operates in a slowdown recession. How do you think about Azure's resiliency? How do you think about Azure's exposure to advertising business, consumer Internet and SMB if we do see a real recession?Thank you.SATYA NADELLA:Yeah, maybe I'll start, and Amy, feel free to add.I mean, overall, we're not immune to what's happening in the macro broadly, right, to Keith's question and your question Mark. I think I'd say I'd start there, because whether it's on the demand side with consumers or SMBs, I think Amy in her remarks talked about some of that, even in our results in the quarter. But what's happening with it in Azure, though, is in some sense, businesses trying to deal with the overall macroeconomic situation and trying to make sure that they can do more with less.For example, moving to the cloud is the best way to shape your spend with demand uncertainty, right, because in fact, if anything, one of the things that we're seeing is an increased shift towards the cloud, and then of course, optimizing your bill. We are incenting even our own field to ensure that the bills for our customers come down. And that, in fact, even shows up in some of the volatility in our Azure numbers, because that's one of the big benefits of the public cloud. And that's why I think, coming out of this macroeconomic crisis, the public cloud will be even a bigger winner, because it does act as that deflationary force.So, that's sort of what we are seeing in the Azure numbers. We will be exposed to consumer driven businesses and SMBs, but at some level, our strength as a company is much stronger in the core commercial. So, I think that will do fine there.The other one is also people building new applications that are completely new frontier. I mean, there are two numbers that I talked about. One is the triple digit growth in Cosmos DB, and triple digit growth in Container App Services. You take those two things, and you say, what are people doing? People are writing applications at a completely different frontier of efficiency, which is a cloud-native, serverless, container-based types of applications.And so, to me, that's another way for you to make sure that your IT spend goes a long way in a time like this.BRENT THILL, Jefferies:Amy, great to hear the double-digit guidance. I guess many are askingare you embedding a worsening macroenvironment or a similar environment that we're in to get to that type of growth?AMY HOOD:Thanks, Brent.As I said, it's trying to take into account the current macroenvironment.And as I said, I took what we saw in June, applied it as best we thought we could through the course of the fiscal year. And if you think about how the… and if you try to look over the course of the year with some of my comments, you'd say, okay, in H1 vs. H2, I would point out three things that changed a bit over the course of that time.First, of course, if we're talking about USD, it would be FX. It's a bigger headwind in H1; it's less of a headwind in H2. The second thing I would point to would be OpEx. As we've talked about in H1, we've obviously added .2% headcount this quarter. We still have 11,000 hires that we have started in Q1. We've still got Nuance and Xandr in acquisitions, and we anniversary, a lot of that as we focus our hiring and focus on the productivity of all the hiring we've done over the past year, and then the OEM comparables obviously get a lot different when you get from H1 into H2. And so, as you're trying to think about the shape, and how did I consider it, I sort of took those things into account, thought about the trends we've been seeing in June and applied them as best we can.Source:Microsoft Q4-FY2022 Earnings Call TranscriptWhile we might very well be in a recession already, enterprise spending is generally the last shoe to drop in a cycle, and we have not seen any signs of that so far. The FED is tightening into a slowing economy due to red-hot inflation; however, the probability of a recession is rising rapidly. This is why I fear that Microsoft may fail to meet its FY2023 guidance. I may be wrong here, but it is pretty clear that Microsoft's business could come under pressure if the macro worsens from here, which is very likely to happen.Microsoft's balance sheet is truly a fortress with ~$55B of net cash; however, things may change quickly if the $68.7B deal to acquire Activision Blizzard (ATVI) goes through in the next 9-12 months (as per timeline). After this deal closes, Microsoft would still have ~$35-40B in cash (negative net cash, unless the company reduces its capital return program). And this cash position, combined with free cash flow generation, make Microsoft's dividend safe. However, if operating margins were to decline a lot, we may see a temporary suspension of Microsoft's stock buyback program.YChartsOverall, Microsoft is a fantastic company, and the fact that it is growing at this scale is truly astounding. With that said, Microsoft's business fundamentals are deteriorating - slowing revenue growth, flattening operating margins, and a worsening balance sheet. Considering all of this information, let's evaluate Microsoft's absolute fair value and 5-yr expected returns.Microsoft's Fair Value And Expected ReturnsThe exercise starts with simple data collection for inputs such as stock price, TTM revenue, and share count. To approximate the future free cash flows for Microsoft, I have used a two-step growth model: 10% CAGR growth for the first five years, followed by terminal growth of 3% per year.As you know, Microsoft is highly profitable, with operating margins consistently above 30% over the years, and hence, assuming a 30% optimized FCF margin at maturity is quite reasonable in my view. Despite Microsoft spending big on Activision, I think the tech giant will persist with its shareholder-friendly capital return policies.Lastly, I used a 10% discount rate (required IRR) for Microsoft, which happens to be the next best alternative (S&P 500's historical return) for long-term investors.TQI Valuation Model (Author)According to our valuation model, Microsoft's fair value is ~$156.27 per share (or $1.17T). With the stock trading at ~$252 per share, I think it is still trading at a hefty premium to its intrinsic value.Predicting where a stock would trade in the short term is impossible; however, over the long run, a stock would track its business fundamentals and obey the immutable laws of money. If the interest rates were to stay depressed, higher equity multiples would stay here. However, I work with the assumption that interest rates will eventually track the long-term average of ~5%. Inverting this number, we get a trading multiple of ~20x. Since Microsoft's scale and quality of business deserves a premium, I assigned a base case exit P/FCF multiple of ~25x.TQI Valuation Model (Author)By 2027, Microsoft could grow from ~$252 to ~$384 at a CAGR of 8.8%. Since Microsoft's expected returns fall short of our required IRR of 10%, it is not a buy. However, long-term investors who are willing to accept single-digit returns in exchange for greater stability (lower volatility) can continue to hold the stock.Remember, the intrinsic value and price targets we determined in this exercise are approximations of my expectations for Microsoft's business, which may differ materially in reality down the line. The purpose of performing this exercise is not to nail down the precise valuation of a business; it is to generate a good approximation of what a business can do for us. If we find that the current odds are favorable for long-term investors (us) even with conservative assumptions [& margin of safety], then and only then, we take a long position!As an analyst and an investor, I always strive to generate the best possible approximation for all companies under research. Despite all the due diligence I perform, I could be wrong, and this is why I always try to buy stocks with a margin of safety (at a discount to intrinsic value).Concluding ThoughtsDespite being down more than ~28% from its 2021 highs, Microsoft's stock continues to trade at a steep premium to its intrinsic value. With revenue and operating income growth slowing down in the face of a potential economic recession, Microsoft looks ripe for further normalization in trading multiples.Another 12% price decline and Microsoft would be trading at multiples last seen during the heights of the COVID-19 pandemic sell-off. However, a mover of this magnitude may not be enough, as inflation remains red hot, and the FED continues tightening its monetary policy despite the rising likelihood of an economic recession. As we saw today, Microsoft is not immune to macro, and any downward earnings revisions or guidance cuts could lead to a big sell-off in Microsoft's stock. On an absolute value basis, I believe that Microsoft is worth ~$156.27 per share, which means there may be more pain to come for MSFT shareholders. An old adage in investing goes like this - \"Don't Fight The Fed\" - and this quote is apt for today's market conditions. With important insiders also selling shares of Microsoft, I find it really, really hard to justify a new purchase at these elevated multiples. That said, long-term DGI investors could continue to 'Hold' at this price. If Microsoft gets down to ~20x P/E, I will look to add more shares at that time.Key Takeaway: I rate Microsoft a 'Neutral / Avoid' at $252.Thank you for reading, and happy investing! Please share any questions, thoughts, and/or concerns in the comments section below or DM me.In addition to today's discussion, members at my marketplace service received TQI's Quantamental analysis, capital allocation plan, and risk management strategy for Microsoft [along with a special merger arbitrage trade idea].","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":2875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932910915,"gmtCreate":1662862154437,"gmtModify":1676537152703,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9932910915","repostId":"1145637637","repostType":4,"repost":{"id":"1145637637","kind":"news","pubTimestamp":1662857195,"share":"https://ttm.financial/m/news/1145637637?lang=en_US&edition=fundamental","pubTime":"2022-09-11 08:46","language":"en","title":"Australian Prime Minister Sets Holiday for Queen; Says Not the Time to Discuss Republic Push","url":"https://stock-news.laohu8.com/highlight/detail?id=1145637637","media":"Bloomberg","summary":"Referendum on Australia becoming a republic defeated in 1999Green Party leader says Australia needs ","content":"<div>\n<p>Referendum on Australia becoming a republic defeated in 1999Green Party leader says Australia needs to ‘move forward’Australia will get a one-time national public holiday to mourn Queen Elizabeth II, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-11/australian-prime-minister-sets-holiday-for-queen-rebuffs-republic-discussion\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","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>Australian Prime Minister Sets Holiday for Queen; Says Not the Time to Discuss Republic Push</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\">\nAustralian Prime Minister Sets Holiday for Queen; Says Not the Time to Discuss Republic Push\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-11 08:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-11/australian-prime-minister-sets-holiday-for-queen-rebuffs-republic-discussion><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Referendum on Australia becoming a republic defeated in 1999Green Party leader says Australia needs to ‘move forward’Australia will get a one-time national public holiday to mourn Queen Elizabeth II, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-11/australian-prime-minister-sets-holiday-for-queen-rebuffs-republic-discussion\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数","XJO.AU":"标普/澳交所 200指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-11/australian-prime-minister-sets-holiday-for-queen-rebuffs-republic-discussion","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145637637","content_text":"Referendum on Australia becoming a republic defeated in 1999Green Party leader says Australia needs to ‘move forward’Australia will get a one-time national public holiday to mourn Queen Elizabeth II, as her death revives a decades-long debate over whether the country should become a republic.Prime Minister Anthony Albanese said in an interview with the Australian Broadcasting Corp. Sunday that the holiday will take place on Thursday, Sept. 22, to coincide with a national day of memorial for the late queen, who died Sept. 8 after 70 years on the throne. Albanese and Australia’s governor-general, the sovereign’s representative in the country, will fly to London to attend her funeral next Monday, Sept. 19.Along with Canada, New Zealand and other former colonies of the British Empire, Australia still counts the monarch as itshead of state. A referendum in 1999 to become arepublicwas narrowly defeated, yet the debate has simmered as Australia’s stature as a regional power and globally significant economy has grown.The queen’s death and King Charles III’s ascension has revived that discussion, with the leader of Australia’sGreensparty, Adam Bandt,tweetingthe day after her death that the country must “move forward” and become a republic. While heavily criticized by other lawmakers as insensitive, a recent poll showed about 54% of the population supported breaking from Britain.Albanese -- a long-time supporter of Australia becoming a republic -- was quick to deflect when asked about the issue on Sunday, telling the ABC’s Insiders program that “now was not a time to talk about our system of government.”Former prime minister, John Howard, a monarchist who oversaw the 1999 referendum, told Insiders that Australia’s system of constitutional monarchy was valued by the people and would likely “continue in a different form” under Charles.Governor-General David Hurley, a former army officer, will proclaim Charles as King of Australia at a ceremony in Canberra Sunday.The country’s financial markets typically close on public holidays.","news_type":1,"symbols_score_info":{"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9}},"isVote":1,"tweetType":1,"viewCount":3493,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938663232,"gmtCreate":1662601401426,"gmtModify":1676537098006,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9938663232","repostId":"1119363305","repostType":4,"repost":{"id":"1119363305","kind":"news","pubTimestamp":1662613739,"share":"https://ttm.financial/m/news/1119363305?lang=en_US&edition=fundamental","pubTime":"2022-09-08 13:08","market":"us","language":"en","title":"Tim Cook Didn’t Have \"One More Thing,\" so Apple Offered Consumers a Break, for Once","url":"https://stock-news.laohu8.com/highlight/detail?id=1119363305","media":"MarketWatch","summary":"Apple’s iPhone 14 event was notable more for what the company didn’t do: Raise prices on its top-end smartphonesApple CEO Tim Cook holds a new iPhone 14 Pro during Wednesday’s eventn Cupertino, Calif.","content":"<html><head></head><body><p>Apple’s iPhone 14 event was notable more for what the company didn’t do: Raise prices on its top-end smartphones</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/689ed65479a46375dcaf6fa32912c643\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Apple CEO Tim Cook holds a new iPhone 14 Pro during Wednesday’s eventn Cupertino, Calif. GETTY IMAGES</span></p><p>Chief Executive Tim Cook didn’t show off “one more thing” on Wednesday, but he did have one new Apple Inc. offering to share: reasonable pricing.</p><p>Apple has long shown a willingness to charge premium prices for its iPhones, including breaking the $1,000 barrier a few years back with the iPhone X, and was expected to increase prices on the smartphones again with the iPhone 14 unveiling on Wednesday. Cook kept the price the same as the last two iPhone models, however, and even added in some other deals: Free satellite emergency service for two years, and an update to Apple Care+ to remove a limit on the number of repairs each year.</p><p>“It was a shock, I thought a $100 price increase was a foregone conclusion,” said Dan Ives, an analyst at Wedbush Securities. “Apple read the room and Cook didn’t want to raise prices.”</p><p>At the very least, analysts expected Apple to increase prices on its top-end smartphones, the iPhone Pro and Pro Max. Maribel Lopez, principal analyst at Lopez Research, said she had been hearing talk of price hikes of up to several hundred dollars that would “fork the line,” or allow greater separation between lower-priced and premium offerings.</p><p>“This was their opportunity, they were going to fork the line, and have very affordable and very flagship, and that was surprising that didn’t happen,” Lopez said. “I think that is the right move. It’s becoming difficult to get people to upgrade, they hold onto them longer, they are not inexpensive.”</p><p>The concern for investors from this move would be Apple’s profit margin. Record inflation has not just hit consumers — electronics manufacturers are seeing higher prices and uncertain supply of many components. The 15-year-old iPhone family is still Apple’s biggest revenue and profit generator, even as it is a mature product, so a margin decline would be felt acutely on the overall bottom line.</p><p>Lopez and Ives said the move should not be too much of a drag on Apple’s margins, however, thanks to strength with suppliers and a move toward using Apple’s own semiconductors.</p><p>“They have more control over their supply chain,” Ives said, adding that “the Apple silicon gives them flexibility.”</p><p>“Everything being an A or an M chip, that allows them a certain flexibility,” Lopez said. “It’s a classic vertical integration strategy.”</p><p>Apple unveiled some new offerings that were not price-related, mostly features targeted at increasingly specific audiences, such as the Apple Ultra Watch for serious fitness enthusiasts. But Cook again didn’t take the opportunity to use co-founder Steve Jobs’ product-launch catchphrase, “one more thing,” at the end of an unveiling to show off the next big product — even though Apple may have a big launch on the way.</p><p>Apple reportedly is working on three sets of augmented/virtual-reality glasses, with one expected to launch next year and compete with Meta Platforms Inc.’s Oculus offerings. It would be only the second major product category to launch under Cook’s leadership, beside the Apple Watch.</p><p>But Apple never shows off the next big thing without a fully formed product ready to roll. So instead, Cook is just trying to keep consumers happy with new iPhones — at flat prices with better cameras, longer battery life and new features — until its next foray is actually ready.</p><p>That doesn’t do much for investors, though. They are still wondering when they will get a glimpse at the next device they are betting on, and will have to worry about the possibility of declining margins while they wait.</p><p><b>Also Read: Apple Launching iPhone 14 and Other Products, a &#39;Major Feat&#39; Says Analyst</b>  Sources: StreetInsider</p><p>Apple (NASDAQ:AAPL) held its first in-person product launch event since before the pandemic Wednesday afternoon with the highly anticipated iPhone 14 launch.</p><p>While the iPhone 14 was front and center at the launch event, Apple also announced a raft of other products and updates, including the Apple Watch Series 8 and the enhanced AirPods Pro 2.</p><p>The iPhone 14 series includes the general model, the 14 Plus, the 14 Pro, and the 14 Pro Max.Apple said the 14 and 14 Plus models include the A15 Bionic chip with a 5-core GPU, while the 14 Pro and Pro Max are powered by A16 Bionic, the fastest chip ever in a smartphone.</p><p>Furthermore, Apple announced new satellite-enabled services for some of its products, with Globalstar, a satellite communications firm, managing the satellite-powered emergency SOS service.</p><p>Apple will pay 95% of the approved capital spending Globalstar makes in connection with the new satellites, according to a filing.It also states that they are expected to make the services available to customers during the fourth quarter of 2022.</p><p>Globalstar shares surged following the news earlier today but closed the session down 1.4%.</p><p>Reacting to the Apple announcements and event, Wedbush analyst Daniel Ives, who has an Outperform rating and a $220 price target on the stock, said, &#34;the Apple Watch and AirPods have transformed from a rounding error to a significant tangential product segment at Apple.&#34;</p><p>He added that it speaks to the monetization of a golden 1.8 billion iOS installed base that remains &#34;unmatched globally.&#34;</p><p>&#34;Taking a step back, launching 3 new core hardware products within the Apple ecosystem despite the biggest supply chain crisis seen in modern history is a major feat for Cook &amp; Co., especially with the zero Covid shutdowns in China seen in April/May,&#34; he added.</p><p>Commenting specifically on the iPhone 14 launch, Ives stated they believe the &#34;initial order for 90 million iPhone 14 units out of the gates with Asian suppliers has stayed firm&#34; based on recent checks and will be roughly flat with iPhone 13 despite the macro storm clouds building.&#34;</p><p>Apple shares gained just under 1% in Wednesday&#39;s session.</p></body></html>","source":"lsy1603348471595","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>Tim Cook Didn’t Have \"One More Thing,\" so Apple Offered Consumers a Break, for Once</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\">\nTim Cook Didn’t Have \"One More Thing,\" so Apple Offered Consumers a Break, for Once\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-08 13:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/tim-cook-didnt-have-one-more-thing-so-apple-offered-consumers-a-break-for-once-11662592956?mod=mw_latestnews><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple’s iPhone 14 event was notable more for what the company didn’t do: Raise prices on its top-end smartphonesApple CEO Tim Cook holds a new iPhone 14 Pro during Wednesday’s eventn Cupertino, Calif....</p>\n\n<a href=\"https://www.marketwatch.com/story/tim-cook-didnt-have-one-more-thing-so-apple-offered-consumers-a-break-for-once-11662592956?mod=mw_latestnews\">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.marketwatch.com/story/tim-cook-didnt-have-one-more-thing-so-apple-offered-consumers-a-break-for-once-11662592956?mod=mw_latestnews","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119363305","content_text":"Apple’s iPhone 14 event was notable more for what the company didn’t do: Raise prices on its top-end smartphonesApple CEO Tim Cook holds a new iPhone 14 Pro during Wednesday’s eventn Cupertino, Calif. GETTY IMAGESChief Executive Tim Cook didn’t show off “one more thing” on Wednesday, but he did have one new Apple Inc. offering to share: reasonable pricing.Apple has long shown a willingness to charge premium prices for its iPhones, including breaking the $1,000 barrier a few years back with the iPhone X, and was expected to increase prices on the smartphones again with the iPhone 14 unveiling on Wednesday. Cook kept the price the same as the last two iPhone models, however, and even added in some other deals: Free satellite emergency service for two years, and an update to Apple Care+ to remove a limit on the number of repairs each year.“It was a shock, I thought a $100 price increase was a foregone conclusion,” said Dan Ives, an analyst at Wedbush Securities. “Apple read the room and Cook didn’t want to raise prices.”At the very least, analysts expected Apple to increase prices on its top-end smartphones, the iPhone Pro and Pro Max. Maribel Lopez, principal analyst at Lopez Research, said she had been hearing talk of price hikes of up to several hundred dollars that would “fork the line,” or allow greater separation between lower-priced and premium offerings.“This was their opportunity, they were going to fork the line, and have very affordable and very flagship, and that was surprising that didn’t happen,” Lopez said. “I think that is the right move. It’s becoming difficult to get people to upgrade, they hold onto them longer, they are not inexpensive.”The concern for investors from this move would be Apple’s profit margin. Record inflation has not just hit consumers — electronics manufacturers are seeing higher prices and uncertain supply of many components. The 15-year-old iPhone family is still Apple’s biggest revenue and profit generator, even as it is a mature product, so a margin decline would be felt acutely on the overall bottom line.Lopez and Ives said the move should not be too much of a drag on Apple’s margins, however, thanks to strength with suppliers and a move toward using Apple’s own semiconductors.“They have more control over their supply chain,” Ives said, adding that “the Apple silicon gives them flexibility.”“Everything being an A or an M chip, that allows them a certain flexibility,” Lopez said. “It’s a classic vertical integration strategy.”Apple unveiled some new offerings that were not price-related, mostly features targeted at increasingly specific audiences, such as the Apple Ultra Watch for serious fitness enthusiasts. But Cook again didn’t take the opportunity to use co-founder Steve Jobs’ product-launch catchphrase, “one more thing,” at the end of an unveiling to show off the next big product — even though Apple may have a big launch on the way.Apple reportedly is working on three sets of augmented/virtual-reality glasses, with one expected to launch next year and compete with Meta Platforms Inc.’s Oculus offerings. It would be only the second major product category to launch under Cook’s leadership, beside the Apple Watch.But Apple never shows off the next big thing without a fully formed product ready to roll. So instead, Cook is just trying to keep consumers happy with new iPhones — at flat prices with better cameras, longer battery life and new features — until its next foray is actually ready.That doesn’t do much for investors, though. They are still wondering when they will get a glimpse at the next device they are betting on, and will have to worry about the possibility of declining margins while they wait.Also Read: Apple Launching iPhone 14 and Other Products, a 'Major Feat' Says Analyst  Sources: StreetInsiderApple (NASDAQ:AAPL) held its first in-person product launch event since before the pandemic Wednesday afternoon with the highly anticipated iPhone 14 launch.While the iPhone 14 was front and center at the launch event, Apple also announced a raft of other products and updates, including the Apple Watch Series 8 and the enhanced AirPods Pro 2.The iPhone 14 series includes the general model, the 14 Plus, the 14 Pro, and the 14 Pro Max.Apple said the 14 and 14 Plus models include the A15 Bionic chip with a 5-core GPU, while the 14 Pro and Pro Max are powered by A16 Bionic, the fastest chip ever in a smartphone.Furthermore, Apple announced new satellite-enabled services for some of its products, with Globalstar, a satellite communications firm, managing the satellite-powered emergency SOS service.Apple will pay 95% of the approved capital spending Globalstar makes in connection with the new satellites, according to a filing.It also states that they are expected to make the services available to customers during the fourth quarter of 2022.Globalstar shares surged following the news earlier today but closed the session down 1.4%.Reacting to the Apple announcements and event, Wedbush analyst Daniel Ives, who has an Outperform rating and a $220 price target on the stock, said, \"the Apple Watch and AirPods have transformed from a rounding error to a significant tangential product segment at Apple.\"He added that it speaks to the monetization of a golden 1.8 billion iOS installed base that remains \"unmatched globally.\"\"Taking a step back, launching 3 new core hardware products within the Apple ecosystem despite the biggest supply chain crisis seen in modern history is a major feat for Cook & Co., especially with the zero Covid shutdowns in China seen in April/May,\" he added.Commenting specifically on the iPhone 14 launch, Ives stated they believe the \"initial order for 90 million iPhone 14 units out of the gates with Asian suppliers has stayed firm\" based on recent checks and will be roughly flat with iPhone 13 despite the macro storm clouds building.\"Apple shares gained just under 1% in Wednesday's session.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9938669170,"gmtCreate":1662601311490,"gmtModify":1676537097967,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9938669170","repostId":"2265588214","repostType":2,"isVote":1,"tweetType":1,"viewCount":3283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931748348,"gmtCreate":1662514792285,"gmtModify":1676537077757,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9931748348","repostId":"2265403013","repostType":4,"repost":{"id":"2265403013","kind":"news","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":1662521565,"share":"https://ttm.financial/m/news/2265403013?lang=en_US&edition=fundamental","pubTime":"2022-09-07 11:32","market":"us","language":"en","title":"What Is Expected at Apple's \"Far Out\" Fall Event?","url":"https://stock-news.laohu8.com/highlight/detail?id=2265403013","media":"Reuters","summary":"Sept 6 (Reuters) - Apple Inc will likely unveil a new line of iPhones, Watch Series 8 and other prod","content":"<html><head></head><body><p>Sept 6 (Reuters) - Apple Inc will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers.</p><p>The event, &#34;Far Out&#34;, will begin at 1700 GMT at the Steve Jobs Theater in Apple&#39;s headquarters in Cupertino, California. It is the company&#39;s first indoor event since the pandemic.</p><p>Based on reports, here are some of the expected announcements:</p><p><b>IPHONE 14</b></p><p>Apple usually launches new iPhones at the September event. The latest device is expected to include updates to the camera, storage and design, as well as satellite network connectivity.</p><p>The &#34;mini&#34; version of the iPhone may be discontinued, according to reports.</p><p>Pricing and bundling options for Apple&#39;s flagship product will be watched closely as decades-high inflation batters demand for all, but the most premium smartphones.</p><p>&#34;Apple could choose to increase the price of the Pro models and leave the lower end models unchanged,&#34; BofA Securities analyst Wamsi Mohan said.</p><p><b>SATELLITE NETWORK CONNECTIVITY</b></p><p>Satellite network connectivity was one of the test features for iPhone 14 before mass production, said TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple&#39;s product launches.</p><p>The possible feature would allow users to send emergency text messages in situations where they are without a network.</p><p><b>APPLE WATCH</b></p><p>The Watch Series 8 is expected have a bigger display and more health features, including a body-temperature sensor.</p><p>The company may also launch a Pro version of the Watch.</p><p><b>AIRPODS PRO 2</b></p><p>The new model will likely feature enhanced sound quality and more sensors. Its case is expected to be water and sweat resistant, with support for magsafe wireless charging.</p><p>Some reports suggest the case could have a type-C port.</p><p><b>AUGMENTED REALITY/VIRTUAL REALITY HEADSETS?</b></p><p>There has been curiosity among investors and fans about a mixed reality headset, but analysts do not expect the product to be launched until next year because of ongoing supply chain bottlenecks.</p><p>&#34;There could be some clues around a new AR/VR product although unlikely to be launched before 2023,&#34; BofA Securities&#39; Mohan said.</p><p>Here is a list of Apple launches at previous events:</p><table><tbody><tr><td>Past Events</td><td>Date</td><td>Products launched</td></tr><tr><td>Worldwide Developer&#39;s Conference</td><td>June 6, 2022</td><td>MacBooks with M2 chip</td></tr><tr><td>&#34;Peak Performance&#34;</td><td>March 8, 2022</td><td>iPhone SE, iPad Air, Mac Studio, Studio Display,</td></tr><tr><td>&#34;Unleashed&#34;</td><td>Oct. 18, 2021</td><td>MacBook Pro with M1 Pro and M1 Max chips, AirPods 3rd Gen</td></tr><tr><td>&#34;California Streaming&#34;</td><td>Sept. 14, 2021</td><td>iPhone 13 series, iPad with A13, iPad Mini with A15, Apple Watch Series 7</td></tr><tr><td>&#34;Spring Loaded&#34;</td><td>April 20, 2021</td><td>iPad Pro with M1, AirTag, iPhone 12 and 12 mini in purple</td></tr></tbody></table><p><b>Also Read:</b> <b>Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?</b>  Source: MarketWatch</p><p>Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store.</p><p>After holding steady on iPhone prices a year ago, some analysts expect that Apple will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design enhancements—as well as lingering pressure from supply costs and the strong U.S. dollar. Amid the highest inflation rates in decades, there have been concerns about consumers growing more cost-conscious — especially lower-wage earners — but Apple is expected to keep its standard iPhone models at the same starting price while increasing the base $999 and $1,199 prices on its iPhone Pro and Pro Max.</p><p>“While the base iPhone will stay at the same price we believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” Wedbush analyst Daniel Ives wrote in a recent note to clients.</p><p>The company is expected to debut the new iPhone family at a Wednesday event that will kick off at 1 p.m. Eastern time. Apple’s smartphones are its biggest business by far, bringing in more than $162 billion through three quarters of the company’s fiscal year, more than 57% of Apple’s revenue total.</p><p>But The planned iPhone 14 debut comes amid uncertainty about how smartphone demand will hold up in the macroeconomic climate. IDC recently projected a 6.5% decline in global smartphone shipments this year, after shipments underperformed their estimates while declining for four quarters in a row. iPhone demand seems to have held up better than the overall market, however, and Apple Chief Executive Tim Cook said on the company’s last earnings call that he hadn’t noticed “obvious evidence of macroeconomic impact” on the iPhone.</p><p>Other than the price, the biggest news out of Apple’s event could be what isn’t mentioned, or gets taken away. Few observers expect Apple to show off its highly anticipated next product category, a headset, and Apple could be saying goodbye to the iPhone Mini and the infamous “notch.”</p><p>Apple is expected to do away with the mini version of its base iPhone, and it could add a 6.7-inch configuration for the first time, according to Bloomberg News. Also, five years after Apple introduced a “notch” at the top of its iPhone X model that wasn’t exactly a fan favorite, Bloomberg reports it could finally be going away with the iPhone 14 update in favor of “hole-punch and pill-shaped cutouts for the front camera and Face ID sensors.”</p><p>A Steve Jobs-worthy “One More Thing” that details Apple’s next big invention has long been absent from iPhone events, but his successor might have something up his sleeve that fits the bill. Apple has been developing a headset that is expected to integrate long-gestating mixed-reality technology, which Cook has long called “a big idea like the smartphone.” Experts expect it to reach consumers in 2023 at the earliest, but few analysts believe its first appearance will be at Wednesday’s event, even as Meta Platforms Inc. prepares to reveal its next-generation VR tech.</p><p>Given a lack of chatter about the device more recently, it’s perhaps unlikely that Apple is ready to trot the product out for viewing in September—or else the silence means that Apple has done a good job of keeping the wraps on its “one more thing.” Bloomberg reported in May that the company “aimed to unveil the headset as early as the end of this year or sometime next year, with a consumer release planned for 2023.”</p><p>Those holding out for foldable and flip phones like the models Samsung Electronics Co. Ltd. debuted a few weeks back will likely have to keep waiting for that sort of launch at Apple, but iPhone fans should expect a faster processor and the end of a much-mocked design element.</p><p>There could be a long awaited announcement of satellite connection technology for iPhones, which would allow people to communicate even while far off the beaten path. The move was expected last year and was not announced, and a similar setup is happening into this year, with analyst Ming-Chi Kuo writing this week that “Apple had completed hardware tests for this feature,” but “whether iPhone 14 will offer satellite communication service depends on whether Apple and operators can settle the business model.”</p><p>The iPhone Pro models are expected to get the majority of the upgrades, relative to the regular iPhone models. Bloomberg News has reported that Apple plans to introduce a 48-megapixel camera, a faster chip, and better battery life for the iPhone 14 Pro and iPhone 14 Pro Max. MacRumors notes that the enhanced camera would let more light pass through the lens, something that could allow for better image quality, including when shooting with the company’s Portrait Mode feature.</p><p>The iPhone 14 Pro could also feature the new A16 chip, which MacRumors has said may help the company power the new camera, as well as the always-on display that some Apple watchers are expecting to finally see on the latest model. While Apple is thought to be planning chip upgrades for the Pro models, 9to5Mac expects that the company could stick with the same A15 chip for the base iPhone 14 line that was used in the iPhone 13 family.</p><p>Also expected at the Wednesday event is an update to the Apple Watch lineup. Bloomberg reports that Apple is planning to introduce an Apple Watch SE featuring a faster chip, an Apple Watch Series 8 containing a body-temperature sensor, and a pro-level model. Evercore ISI analyst Amit Daryanani said that the hypothetical Apple Watch Pro could bring “more battery life, a larger screen, and new fitness features.”</p><p>Apple’s iPhone event comes a week earlier in September than its one last year, suggesting to Evercore’s Daryanani that the company might also make the phones available for purchase sooner. For investors, that means Apple’s September quarter could feature an extra week of iPhone sales relative to last year’s.</p><p>Apple stock has declined 10.9% so far this year, as the Dow Jones Industrial Average — which counts Apple among its 30 components — has declined 12.9% and the S&amp;P 500 index has fallen 16.8%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is Expected at Apple's \"Far Out\" Fall Event?</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\">\nWhat Is Expected at Apple's \"Far Out\" Fall Event?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-07 11:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sept 6 (Reuters) - Apple Inc will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers.</p><p>The event, &#34;Far Out&#34;, will begin at 1700 GMT at the Steve Jobs Theater in Apple&#39;s headquarters in Cupertino, California. It is the company&#39;s first indoor event since the pandemic.</p><p>Based on reports, here are some of the expected announcements:</p><p><b>IPHONE 14</b></p><p>Apple usually launches new iPhones at the September event. The latest device is expected to include updates to the camera, storage and design, as well as satellite network connectivity.</p><p>The &#34;mini&#34; version of the iPhone may be discontinued, according to reports.</p><p>Pricing and bundling options for Apple&#39;s flagship product will be watched closely as decades-high inflation batters demand for all, but the most premium smartphones.</p><p>&#34;Apple could choose to increase the price of the Pro models and leave the lower end models unchanged,&#34; BofA Securities analyst Wamsi Mohan said.</p><p><b>SATELLITE NETWORK CONNECTIVITY</b></p><p>Satellite network connectivity was one of the test features for iPhone 14 before mass production, said TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple&#39;s product launches.</p><p>The possible feature would allow users to send emergency text messages in situations where they are without a network.</p><p><b>APPLE WATCH</b></p><p>The Watch Series 8 is expected have a bigger display and more health features, including a body-temperature sensor.</p><p>The company may also launch a Pro version of the Watch.</p><p><b>AIRPODS PRO 2</b></p><p>The new model will likely feature enhanced sound quality and more sensors. Its case is expected to be water and sweat resistant, with support for magsafe wireless charging.</p><p>Some reports suggest the case could have a type-C port.</p><p><b>AUGMENTED REALITY/VIRTUAL REALITY HEADSETS?</b></p><p>There has been curiosity among investors and fans about a mixed reality headset, but analysts do not expect the product to be launched until next year because of ongoing supply chain bottlenecks.</p><p>&#34;There could be some clues around a new AR/VR product although unlikely to be launched before 2023,&#34; BofA Securities&#39; Mohan said.</p><p>Here is a list of Apple launches at previous events:</p><table><tbody><tr><td>Past Events</td><td>Date</td><td>Products launched</td></tr><tr><td>Worldwide Developer&#39;s Conference</td><td>June 6, 2022</td><td>MacBooks with M2 chip</td></tr><tr><td>&#34;Peak Performance&#34;</td><td>March 8, 2022</td><td>iPhone SE, iPad Air, Mac Studio, Studio Display,</td></tr><tr><td>&#34;Unleashed&#34;</td><td>Oct. 18, 2021</td><td>MacBook Pro with M1 Pro and M1 Max chips, AirPods 3rd Gen</td></tr><tr><td>&#34;California Streaming&#34;</td><td>Sept. 14, 2021</td><td>iPhone 13 series, iPad with A13, iPad Mini with A15, Apple Watch Series 7</td></tr><tr><td>&#34;Spring Loaded&#34;</td><td>April 20, 2021</td><td>iPad Pro with M1, AirTag, iPhone 12 and 12 mini in purple</td></tr></tbody></table><p><b>Also Read:</b> <b>Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?</b>  Source: MarketWatch</p><p>Apple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store.</p><p>After holding steady on iPhone prices a year ago, some analysts expect that Apple will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design enhancements—as well as lingering pressure from supply costs and the strong U.S. dollar. Amid the highest inflation rates in decades, there have been concerns about consumers growing more cost-conscious — especially lower-wage earners — but Apple is expected to keep its standard iPhone models at the same starting price while increasing the base $999 and $1,199 prices on its iPhone Pro and Pro Max.</p><p>“While the base iPhone will stay at the same price we believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” Wedbush analyst Daniel Ives wrote in a recent note to clients.</p><p>The company is expected to debut the new iPhone family at a Wednesday event that will kick off at 1 p.m. Eastern time. Apple’s smartphones are its biggest business by far, bringing in more than $162 billion through three quarters of the company’s fiscal year, more than 57% of Apple’s revenue total.</p><p>But The planned iPhone 14 debut comes amid uncertainty about how smartphone demand will hold up in the macroeconomic climate. IDC recently projected a 6.5% decline in global smartphone shipments this year, after shipments underperformed their estimates while declining for four quarters in a row. iPhone demand seems to have held up better than the overall market, however, and Apple Chief Executive Tim Cook said on the company’s last earnings call that he hadn’t noticed “obvious evidence of macroeconomic impact” on the iPhone.</p><p>Other than the price, the biggest news out of Apple’s event could be what isn’t mentioned, or gets taken away. Few observers expect Apple to show off its highly anticipated next product category, a headset, and Apple could be saying goodbye to the iPhone Mini and the infamous “notch.”</p><p>Apple is expected to do away with the mini version of its base iPhone, and it could add a 6.7-inch configuration for the first time, according to Bloomberg News. Also, five years after Apple introduced a “notch” at the top of its iPhone X model that wasn’t exactly a fan favorite, Bloomberg reports it could finally be going away with the iPhone 14 update in favor of “hole-punch and pill-shaped cutouts for the front camera and Face ID sensors.”</p><p>A Steve Jobs-worthy “One More Thing” that details Apple’s next big invention has long been absent from iPhone events, but his successor might have something up his sleeve that fits the bill. Apple has been developing a headset that is expected to integrate long-gestating mixed-reality technology, which Cook has long called “a big idea like the smartphone.” Experts expect it to reach consumers in 2023 at the earliest, but few analysts believe its first appearance will be at Wednesday’s event, even as Meta Platforms Inc. prepares to reveal its next-generation VR tech.</p><p>Given a lack of chatter about the device more recently, it’s perhaps unlikely that Apple is ready to trot the product out for viewing in September—or else the silence means that Apple has done a good job of keeping the wraps on its “one more thing.” Bloomberg reported in May that the company “aimed to unveil the headset as early as the end of this year or sometime next year, with a consumer release planned for 2023.”</p><p>Those holding out for foldable and flip phones like the models Samsung Electronics Co. Ltd. debuted a few weeks back will likely have to keep waiting for that sort of launch at Apple, but iPhone fans should expect a faster processor and the end of a much-mocked design element.</p><p>There could be a long awaited announcement of satellite connection technology for iPhones, which would allow people to communicate even while far off the beaten path. The move was expected last year and was not announced, and a similar setup is happening into this year, with analyst Ming-Chi Kuo writing this week that “Apple had completed hardware tests for this feature,” but “whether iPhone 14 will offer satellite communication service depends on whether Apple and operators can settle the business model.”</p><p>The iPhone Pro models are expected to get the majority of the upgrades, relative to the regular iPhone models. Bloomberg News has reported that Apple plans to introduce a 48-megapixel camera, a faster chip, and better battery life for the iPhone 14 Pro and iPhone 14 Pro Max. MacRumors notes that the enhanced camera would let more light pass through the lens, something that could allow for better image quality, including when shooting with the company’s Portrait Mode feature.</p><p>The iPhone 14 Pro could also feature the new A16 chip, which MacRumors has said may help the company power the new camera, as well as the always-on display that some Apple watchers are expecting to finally see on the latest model. While Apple is thought to be planning chip upgrades for the Pro models, 9to5Mac expects that the company could stick with the same A15 chip for the base iPhone 14 line that was used in the iPhone 13 family.</p><p>Also expected at the Wednesday event is an update to the Apple Watch lineup. Bloomberg reports that Apple is planning to introduce an Apple Watch SE featuring a faster chip, an Apple Watch Series 8 containing a body-temperature sensor, and a pro-level model. Evercore ISI analyst Amit Daryanani said that the hypothetical Apple Watch Pro could bring “more battery life, a larger screen, and new fitness features.”</p><p>Apple’s iPhone event comes a week earlier in September than its one last year, suggesting to Evercore’s Daryanani that the company might also make the phones available for purchase sooner. For investors, that means Apple’s September quarter could feature an extra week of iPhone sales relative to last year’s.</p><p>Apple stock has declined 10.9% so far this year, as the Dow Jones Industrial Average — which counts Apple among its 30 components — has declined 12.9% and the S&amp;P 500 index has fallen 16.8%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2265403013","content_text":"Sept 6 (Reuters) - Apple Inc will likely unveil a new line of iPhones, Watch Series 8 and other products on Wednesday at an event awaited by Wall Street and its legions of customers.The event, \"Far Out\", will begin at 1700 GMT at the Steve Jobs Theater in Apple's headquarters in Cupertino, California. It is the company's first indoor event since the pandemic.Based on reports, here are some of the expected announcements:IPHONE 14Apple usually launches new iPhones at the September event. The latest device is expected to include updates to the camera, storage and design, as well as satellite network connectivity.The \"mini\" version of the iPhone may be discontinued, according to reports.Pricing and bundling options for Apple's flagship product will be watched closely as decades-high inflation batters demand for all, but the most premium smartphones.\"Apple could choose to increase the price of the Pro models and leave the lower end models unchanged,\" BofA Securities analyst Wamsi Mohan said.SATELLITE NETWORK CONNECTIVITYSatellite network connectivity was one of the test features for iPhone 14 before mass production, said TF International Securities analyst Ming-Chi Kuo, known for his accurate predictions related to Apple's product launches.The possible feature would allow users to send emergency text messages in situations where they are without a network.APPLE WATCHThe Watch Series 8 is expected have a bigger display and more health features, including a body-temperature sensor.The company may also launch a Pro version of the Watch.AIRPODS PRO 2The new model will likely feature enhanced sound quality and more sensors. Its case is expected to be water and sweat resistant, with support for magsafe wireless charging.Some reports suggest the case could have a type-C port.AUGMENTED REALITY/VIRTUAL REALITY HEADSETS?There has been curiosity among investors and fans about a mixed reality headset, but analysts do not expect the product to be launched until next year because of ongoing supply chain bottlenecks.\"There could be some clues around a new AR/VR product although unlikely to be launched before 2023,\" BofA Securities' Mohan said.Here is a list of Apple launches at previous events:Past EventsDateProducts launchedWorldwide Developer's ConferenceJune 6, 2022MacBooks with M2 chip\"Peak Performance\"March 8, 2022iPhone SE, iPad Air, Mac Studio, Studio Display,\"Unleashed\"Oct. 18, 2021MacBook Pro with M1 Pro and M1 Max chips, AirPods 3rd Gen\"California Streaming\"Sept. 14, 2021iPhone 13 series, iPad with A13, iPad Mini with A15, Apple Watch Series 7\"Spring Loaded\"April 20, 2021iPad Pro with M1, AirTag, iPhone 12 and 12 mini in purpleAlso Read: Apple iPhone 14 event: A price hike is expected, but will there be ‘one more thing’?  Source: MarketWatchApple Inc.’s coming iPhone 14 lineup might not bring too many new features, but there could be one big change in store.After holding steady on iPhone prices a year ago, some analysts expect that Apple will increase the price of its iPhone 14 Pro models this year amid camera, chip, and design enhancements—as well as lingering pressure from supply costs and the strong U.S. dollar. Amid the highest inflation rates in decades, there have been concerns about consumers growing more cost-conscious — especially lower-wage earners — but Apple is expected to keep its standard iPhone models at the same starting price while increasing the base $999 and $1,199 prices on its iPhone Pro and Pro Max.“While the base iPhone will stay at the same price we believe a $100 price increase on the iPhone 14 Pro/Pro Max is likely in store given component price increases as well as added functionality on this new release,” Wedbush analyst Daniel Ives wrote in a recent note to clients.The company is expected to debut the new iPhone family at a Wednesday event that will kick off at 1 p.m. Eastern time. Apple’s smartphones are its biggest business by far, bringing in more than $162 billion through three quarters of the company’s fiscal year, more than 57% of Apple’s revenue total.But The planned iPhone 14 debut comes amid uncertainty about how smartphone demand will hold up in the macroeconomic climate. IDC recently projected a 6.5% decline in global smartphone shipments this year, after shipments underperformed their estimates while declining for four quarters in a row. iPhone demand seems to have held up better than the overall market, however, and Apple Chief Executive Tim Cook said on the company’s last earnings call that he hadn’t noticed “obvious evidence of macroeconomic impact” on the iPhone.Other than the price, the biggest news out of Apple’s event could be what isn’t mentioned, or gets taken away. Few observers expect Apple to show off its highly anticipated next product category, a headset, and Apple could be saying goodbye to the iPhone Mini and the infamous “notch.”Apple is expected to do away with the mini version of its base iPhone, and it could add a 6.7-inch configuration for the first time, according to Bloomberg News. Also, five years after Apple introduced a “notch” at the top of its iPhone X model that wasn’t exactly a fan favorite, Bloomberg reports it could finally be going away with the iPhone 14 update in favor of “hole-punch and pill-shaped cutouts for the front camera and Face ID sensors.”A Steve Jobs-worthy “One More Thing” that details Apple’s next big invention has long been absent from iPhone events, but his successor might have something up his sleeve that fits the bill. Apple has been developing a headset that is expected to integrate long-gestating mixed-reality technology, which Cook has long called “a big idea like the smartphone.” Experts expect it to reach consumers in 2023 at the earliest, but few analysts believe its first appearance will be at Wednesday’s event, even as Meta Platforms Inc. prepares to reveal its next-generation VR tech.Given a lack of chatter about the device more recently, it’s perhaps unlikely that Apple is ready to trot the product out for viewing in September—or else the silence means that Apple has done a good job of keeping the wraps on its “one more thing.” Bloomberg reported in May that the company “aimed to unveil the headset as early as the end of this year or sometime next year, with a consumer release planned for 2023.”Those holding out for foldable and flip phones like the models Samsung Electronics Co. Ltd. debuted a few weeks back will likely have to keep waiting for that sort of launch at Apple, but iPhone fans should expect a faster processor and the end of a much-mocked design element.There could be a long awaited announcement of satellite connection technology for iPhones, which would allow people to communicate even while far off the beaten path. The move was expected last year and was not announced, and a similar setup is happening into this year, with analyst Ming-Chi Kuo writing this week that “Apple had completed hardware tests for this feature,” but “whether iPhone 14 will offer satellite communication service depends on whether Apple and operators can settle the business model.”The iPhone Pro models are expected to get the majority of the upgrades, relative to the regular iPhone models. Bloomberg News has reported that Apple plans to introduce a 48-megapixel camera, a faster chip, and better battery life for the iPhone 14 Pro and iPhone 14 Pro Max. MacRumors notes that the enhanced camera would let more light pass through the lens, something that could allow for better image quality, including when shooting with the company’s Portrait Mode feature.The iPhone 14 Pro could also feature the new A16 chip, which MacRumors has said may help the company power the new camera, as well as the always-on display that some Apple watchers are expecting to finally see on the latest model. While Apple is thought to be planning chip upgrades for the Pro models, 9to5Mac expects that the company could stick with the same A15 chip for the base iPhone 14 line that was used in the iPhone 13 family.Also expected at the Wednesday event is an update to the Apple Watch lineup. Bloomberg reports that Apple is planning to introduce an Apple Watch SE featuring a faster chip, an Apple Watch Series 8 containing a body-temperature sensor, and a pro-level model. Evercore ISI analyst Amit Daryanani said that the hypothetical Apple Watch Pro could bring “more battery life, a larger screen, and new fitness features.”Apple’s iPhone event comes a week earlier in September than its one last year, suggesting to Evercore’s Daryanani that the company might also make the phones available for purchase sooner. For investors, that means Apple’s September quarter could feature an extra week of iPhone sales relative to last year’s.Apple stock has declined 10.9% so far this year, as the Dow Jones Industrial Average — which counts Apple among its 30 components — has declined 12.9% and the S&P 500 index has fallen 16.8%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9931834129,"gmtCreate":1662428998061,"gmtModify":1676537058019,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9931834129","repostId":"2264710715","repostType":4,"repost":{"id":"2264710715","kind":"highlight","pubTimestamp":1662421459,"share":"https://ttm.financial/m/news/2264710715?lang=en_US&edition=fundamental","pubTime":"2022-09-06 07:44","market":"us","language":"en","title":"Where Will the Bear Market Bottom? History Offers a Very Clear Clue","url":"https://stock-news.laohu8.com/highlight/detail?id=2264710715","media":"Motley Fool","summary":"Two indicators with a successful history of calling bottoms provide a range of where the S&P 500 could eventually bounce.","content":"<div>\n<p>You probably don't need me to tell you this, but 2022 has been one of the most challenging years on record for everyone from Wall Street professionals to everyday investors. The first half of the year...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/04/where-will-bear-market-bottom-history-offers-clue/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will the Bear Market Bottom? History Offers a Very Clear Clue</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\">\nWhere Will the Bear Market Bottom? History Offers a Very Clear Clue\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-06 07:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/04/where-will-bear-market-bottom-history-offers-clue/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You probably don't need me to tell you this, but 2022 has been one of the most challenging years on record for everyone from Wall Street professionals to everyday investors. The first half of the year...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/04/where-will-bear-market-bottom-history-offers-clue/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.fool.com/investing/2022/09/04/where-will-bear-market-bottom-history-offers-clue/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264710715","content_text":"You probably don't need me to tell you this, but 2022 has been one of the most challenging years on record for everyone from Wall Street professionals to everyday investors. The first half of the year saw the benchmark S&P 500, which is the broadest barometer of stock-market health, produce its worst return in 52 years. The growth-dependent Nasdaq Composite fared even worse, with the index losing as much as a third of its value on a peak-to-trough basis.With two of Wall Street's big three indexes falling into bear market territory -- the timeless Dow Jones Industrial Average maxed out at a peak decline of 19% -- and testing the resolve of investors, the critical question has become: \"Where will the bear market bottom?\"Image source: Getty Images.While the official answer is that we don't know with any certainty, history offers a number of very clear clues as to where the S&P 500 could trough. In particular, two indicators provide a range of where we can expect the bear market to bottom.Valuation plays a key role during bear marketsWhereas Wall Street is willing to tolerate higher valuations when the U.S. and global economy are firing on all cylinders, analysts and investors become much more critical of stock valuations when corrections and bear markets arise. That's why the S&P 500's forward-year price-to-earnings (P/E) ratio can come in handy.The S&P 500's forward P/E divides the aggregate point value of the S&P 500 Index into the consensus earnings-per-share forecast for Wall Street in the upcoming year (in this instance, 2023).With two exceptions -- the Great Recession between 2007 and 2009, where valuations were truly depressed given the uncertain state of the U.S. financial system, and the double-digit percentage pullback for the broader market in 2011 -- the S&P 500's forward P/E has accurately predicted the bottom of every other notable decline since the mid-1990s. Specifically, we've witnessed the benchmark index's forward-year P/E bottom between 13 and 14. This is where the S&P 500 found its bottom following the dot-com bubble in 2002, during the nearly 20% pullback in the fourth quarter of 2018, and following the coronavirus crash.As of Aug. 31, the S&P 500's forward-year P/E stood at 16.8. Based on the noted range of 13 to 14, this would imply further downside to the S&P 500 of 16.7% to 22.6%. In other words, as long as the earnings component of the benchmark index doesn't drastically change, this indicator would imply a bear-market bottom between 3,061 and 3,296.Image source: Getty Images.Margin debt tells a grimmer storyWhile the S&P 500's forward-year P/E ratio provides an upper bound of where history would suggest the bear market is headed, outstanding margin debt tells a more worrisome story.\"Margin debt\" describes the amount of money being borrowed, with interest, by investors to purchase or short-sell securities. Although it's perfectly normal for margin debt to increase over time as the value of U.S. equities grows, it's anything but normal to see margin debt rise significantly, on a percentage basis, over a short period.Since 1995, there have only been three instances where margin debt increased by 60% or more on a trailing-12-month basis. It occurred immediately prior to the dot-com bubble bursting in 2000, just months prior to the financial crisis taking shape in 2007, and once more in 2021. Following the previous two instances where margin debt skyrocketed in excess of 60% in the trailing-12-month period, the S&P 500 lost 49% and 57% of its respective value before finding a bottom.If we simplify this to a general loss of 50% of the S&P 500's value, the bottom range for the index, based on what margin debt history tells us, is 2,409 (half of the 4,818 intra-day high).In other words, two leading indicators with a history of successfully calling a number of bear-market bottoms suggest the S&P 500 could fall to 2,409 in a worst-case scenario, or bounce up to 3,296 if corporate earnings hold up better than expected.^SPX data by YCharts.The one figure more powerful than any bear-market-bottom indicatorObviously, these indicators could be wrong, and the June 2022 bear-market low of 3,636 could hold firm for the S&P 500. If there were indicators that were right 100% of the time, every Wall Street professional and retail investor would be using them by now.Regardless of whether the S&P 500, Nasdaq Composite, and Dow Jones industrial Average have already found their respective bottoms or still have additional downside, one figure does offer a practical guarantee -- and all it requires is your patience.Every year, stock-market analytics provider Crestmont Research publishes data highlighting the 20-year rolling total returns (which include dividends paid) for the S&P 500 since 1919. In other words, Crestmont is looking at the average annual total return investors would have made by buying and holding an S&P 500 tracking index for 20 years over each of the past 103 end years (1919-2021).The result? Investors made money 103 out of 103 times if they purchased an S&P 500 tracking index and held it for 20 years. What's more, approximately 40% of these 103 end years produced an average annual total return of at least 10.9%. Investors weren't just scraping by holding an S&P 500 index. They were doubling their money about every seven years in roughly 40% of all rolling 20-year periods.That means that investors shouldn't be afraid to put money to work on Wall Street either now or in the future. If you're a long-term investor, time is a far more powerful ally than any bear-market bottom indicator.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.6,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933705986,"gmtCreate":1662341721746,"gmtModify":1676537040149,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Ahhh","listText":"Ahhh","text":"Ahhh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9933705986","repostId":"2264471003","repostType":2,"repost":{"id":"2264471003","kind":"highlight","pubTimestamp":1662336951,"share":"https://ttm.financial/m/news/2264471003?lang=en_US&edition=fundamental","pubTime":"2022-09-05 08:15","market":"us","language":"en","title":"Is Nvidia Stock a Buy Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=2264471003","media":"Motley Fool","summary":"While it might be rough sailing over the next few months, Nvidia could flourish over the long term.","content":"<div>\n<p>KEY POINTSNvidia is seeing the impact of slowing consumer demand in gaming.But it's still generating profits and sees a major opportunity in the auto business.This year’s stock price slump could be a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/04/is-nvidia-stock-a-buy-now/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Nvidia Stock a Buy Now?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Nvidia Stock a Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 08:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/04/is-nvidia-stock-a-buy-now/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSNvidia is seeing the impact of slowing consumer demand in gaming.But it's still generating profits and sees a major opportunity in the auto business.This year’s stock price slump could be a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/04/is-nvidia-stock-a-buy-now/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2022/09/04/is-nvidia-stock-a-buy-now/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264471003","content_text":"KEY POINTSNvidia is seeing the impact of slowing consumer demand in gaming.But it's still generating profits and sees a major opportunity in the auto business.This year’s stock price slump could be a buying opportunity.In late August, Nvidia reported results for its fiscal second-quarter (ended July 31), and they weren't great. The company's growth slowed dramatically, and its guidance projects that to continue. Like many businesses, the challenging economic environment is taking a toll on this leading chip manufacturer over the short term, causing volatility in the company's financials.That said, there are many reasons to be bullish on the company. The long-term opportunity for Nvidia looks bright as semiconductors are rising in popularity, and the company is still seeing success in the industries with the highest potential. Shares are down almost 49% year-to-date. Here's why that looks like a deal.Image source: Getty Images.Nvidia's rough quarterSecond-quarter earnings results were a significant shift compared to Nvidia's previous quarters. Total revenue increased only 3% year-over-year in Q2 to $6.7 billion. This also represented a 19% decline sequentially. Comparatively, Nvidia has consistently grown its revenue above 40% on a year-over-year basis since the start of 2020.The company's gaming segment was the primary driver of this disappointing performance. Nvidia's gaming business saw a year-over-year revenue decline of 33% to $2.04 billion in Q2. The bulk of this drop was due to macroeconomic headwinds pressuring consumer demand for its gaming graphics processing units (GPUs).Third-quarter guidance was bleak as well. The company expects to generate roughly $5.9 billion in revenue during the quarter, which is a drop of 17% compared to the year-ago period. This will likely be driven by sequential declines in its gaming and professional visualization businesses. On the bright side, however, two business segments -- data center and automotive -- are expected to post sequential increases.Nvidia reported preliminary Q2 guidance earlier in August, so this performance wasn't a surprise. The more prominent concern, however, is that this isn't an industry-wide issue. Advanced Micro Devices, one of Nvidia's rivals, posted 70% year-over-year revenue expansion in its second quarter, highlighted by a 32% rise in gaming revenue over the same period. This might signal that Nvidia is losing market share in the gaming space and even the chip industry.With this slowing growth, Nvidia's valuation becomes slightly more concerning. The stock is not cheap at 49 times earnings, and while that might be down from its 2020 and 2021 levels, it is higher than the valuation it had for most of 2013 to 2017, plus the majority of 2019.What metrics truly matterThat said, Nvidia is still the dominant player in the chip space, especially when it comes to gaming GPUs. Nvidia's GeForce gaming GPUs are some of the most popular GPUs on the market, representing all of the top 15 most popular GPUs on the video game platform Steam. In the data center market, 72% of the world's top 500 fastest supercomputers are powered by Nvidia.It's also important to recognize that Nvidia's gaming business might not be the primary driver of its long-term success. The company targets a $1 trillion opportunity, and gaming only represents 10% of that amount. Comparatively, the data center systems and automotive segments represent 60% of this potential.On these fronts, Nvidia continued to gain steam in Q2. Data center revenue soared 61% year-over-year to $3.81 billion, while automotive revenue jumped 45% over the same period to $220 million. While still small, management believes its automotive business could become the company's next $1 billion business.Lastly, Nvidia remained profitable. The company generated $656 million in net income in Q2, and while that was a stark decline from the $1.6 billion profit it posted in the year-ago quarter, it marks a nearly 10% profit margin. Additionally, Nvidia generated $837 million in free cash flow in Q2. It can use this cash to invest in innovation to create the best products, helping it capitalize on its lucrative long-term prospects.Why Nvidia stock is a buy nowThe company is facing some short-term pressure, and that is cause for concern. The fact that rivals aren't seeing the same stress as Nvidia is another reason to be cautious. That said, long-term investors willing to hold, even during short-term turmoil, could still see healthy returns.Nvidia has a proven track record of dominance and benefiting from its leadership. It will be critical to ensure it persists over the course of multiple years, and investors will be able to see that through top-line expansion. The short-term will be volatile, but long-term investors who can see through the clouds might benefit from buying a small position in Nvidia today.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2993,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933845503,"gmtCreate":1662263978702,"gmtModify":1676537027676,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"🤔&nbsp;","listText":"🤔&nbsp;","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9933845503","repostId":"2264274049","repostType":4,"repost":{"id":"2264274049","kind":"highlight","pubTimestamp":1662364924,"share":"https://ttm.financial/m/news/2264274049?lang=en_US&edition=fundamental","pubTime":"2022-09-05 16:02","market":"us","language":"en","title":"3 Stocks Cathie Wood Is Buying That Should Be on Your List Too","url":"https://stock-news.laohu8.com/highlight/detail?id=2264274049","media":"Motley Fool","summary":"The ARK ETFs have clicked the buy button on these growth stocks recently, and they still look ripe for the plucking.","content":"<div>\n<p>Back-to-school supplies and updates to your autumn wardrobe are popular things on people's shopping lists these days. Noted investor and Ark Invest CEO Cathie Wood, meanwhile, has been scooping up ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/02/stocks-cathie-wood-buying-that-should-be-on-list/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks Cathie Wood Is Buying That Should Be on Your List Too</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks Cathie Wood Is Buying That Should Be on Your List Too\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-05 16:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/09/02/stocks-cathie-wood-buying-that-should-be-on-list/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Back-to-school supplies and updates to your autumn wardrobe are popular things on people's shopping lists these days. Noted investor and Ark Invest CEO Cathie Wood, meanwhile, has been scooping up ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/09/02/stocks-cathie-wood-buying-that-should-be-on-list/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TRMB":"天宝导航","DNA":"Ginkgo Bioworks Holdings Inc.","MNDY":"Monday.com Ltd."},"source_url":"https://www.fool.com/investing/2022/09/02/stocks-cathie-wood-buying-that-should-be-on-list/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264274049","content_text":"Back-to-school supplies and updates to your autumn wardrobe are popular things on people's shopping lists these days. Noted investor and Ark Invest CEO Cathie Wood, meanwhile, has been scooping up shares of growth stocks for her various ARK exchange-traded funds (ETFs).While I can't say that I agree with all of Wood's stock purchases over the past few months, there are some stocks that her funds have snatched up that would seem to fit well in other growth investors' portfolios. They include Ginkgo Bioworks, Monday.com, and Trimble. Let's find out a bit more about these three Cathie Wood stocks that are worth more consideration.1. Ginkgo BioworksA leader in the field of synthetic biology, or synbio, Ginkgo Bioworks specializes in providing its customers with improved molecules. Essentially, the company acts like an architect. Customers -- from a variety of industries, including food, pharmaceuticals, and cosmetics -- inform Ginkgo of their needs, and Ginkgo designs the blueprints for new and improved microbes. Often, Ginkgo will earn royalties or equity interests as a result of these partnerships, providing the company with good foresight into future cash flows.Like many growth stocks this year, shares of Ginkgo have fallen steeply -- about 68.7% -- as investors shy away from investments that represent higher degrees of risk. However, the stock's plunge is not reflective of something inherently wrong with the company. This is something with which Wood seems to be familiar. Throughout August, the ARK Innovation ETF has purchased more than 7.34 million shares of Ginkgo Bioworks.The company doesn't project profitability on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis until 2025. In the meantime, though, investors can monitor the company's ability to launch new programs -- 60 are forecasted in 2022 -- as a positive sign that the company's offerings are in consistently high demand.2. Monday.comAlso appearing on Wood's shopping list is the open platform stock Monday.com. The ARK Next Generation Internet ETF has been steadily increasing its position in Monday.com throughout 2022, adding 164,500 shares in February through May and 30,075 shares, most recently, in June.The advantage of Monday.com's platform is that it allows customers to develop a customizable workflow experience -- selecting from the different apps available on its platform -- without the need for complex coding or adherence to a nonflexible infrastructure. Simply put, Monday.com's platform makes it easier for customers to work online. And with our lives becoming increasingly dependent on our ability to manage things online, Monday.com's ability to provide an easier solution is something that is highly attractive.Monday.com has excelled at growing revenue over the past three years: Sales have soared at a compound annual growth rate of 99% from 2019 to 2021. The company recently announced a strong second-quarter 2022 performance, and management is bullish on the coming year regarding free cash flow generation.On the company's Q2 2022 conference call, Eliran Glazer, the company's CFO, said that management expects \"to see a shift toward breakeven or some free cash flow positive\" in the second half of 2023.3. TrimbleOccupying an increasingly larger position in two ETFs this summer, Trimble is a stock that first made an appearance in an ARK ETF in September 2020. Wood most recently picked up shares of Trimble in July, when the ARK Space Exploration & Innovation ETF picked up 25,073 shares, and the ARK Autonomous Technology & Robotics ETF added 93,392 shares.Trimble is a leader in positioning systems. On both local and global scales, Trimble helps a diverse range of customers from industries including agriculture, construction, and transportation. With the data it collects from its positioning solutions, Trimble is also able to offer customers sophisticated modeling, analysis, and autonomous technology solutions.Customers need to have accurate positioning data that are subsequently converted into modeling solutions and analytics, which is hardly something that will wane in the coming years. Instead, Trimble's offerings will likely grow in demand as customers' positioning and data needs become more sophisticated. The high interest in Trimble's offerings, in fact, is already recognizable in the company's substantial backlog of approximately $1.6 billion as of the end of Q2 2022.A last look at Cathie Wood's shopping listOn balance, growth investors are more comfortable taking on risk in their investments, but that's not to say that all growth stocks represent the same risk. Trimble, for example, has a long runway of growth ahead of it, yet the company already generates positive free cash flow, mitigating the amount of risk. For investors looking to take on more risk in pursuit of greater rewards, conversely, Ginkgo Bioworks and Monday.com are better options.","news_type":1,"symbols_score_info":{"DNA":0.9,"TRMB":0.9,"MNDY":0.9}},"isVote":1,"tweetType":1,"viewCount":2632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933014273,"gmtCreate":1662177555692,"gmtModify":1676537014040,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Sigh&nbsp;","listText":"Sigh&nbsp;","text":"Sigh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9933014273","repostId":"1184784977","repostType":4,"repost":{"id":"1184784977","kind":"news","pubTimestamp":1662174038,"share":"https://ttm.financial/m/news/1184784977?lang=en_US&edition=fundamental","pubTime":"2022-09-03 11:00","market":"other","language":"en","title":"September May Bring The S&P 500 Back To Its June Lows","url":"https://stock-news.laohu8.com/highlight/detail?id=1184784977","media":"Seeking Alpha","summary":"SummaryThe S&P 500 has fallen sharply in recent days, as the dovish pivot has vanished.An FOMC meeti","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The S&amp;P 500 has fallen sharply in recent days, as the dovish pivot has vanished.</li><li>An FOMC meeting and a slew of economic data will make September very volatile.</li><li>Rising rates and uncertainty could put the June lows in play.</li></ul><p>Stocks are off to a turbulent start in September, as the Fed crushed all hopes of a dovish pivot at the Jackson Hole meeting last Friday. To make matters worse, September will hold several key economic data points and an FOMC meeting which could create even more volatility in a seasonally lousy time.</p><p>Today&#39;s job report appeared a bit weaker on the surface due to the rising unemployment rate. However, the jobs data showed that the pace of hiring in the economy is still strong, and wage growth remains elevated, despite rising slower than inflation.</p><p>The increase in unemployment was driven mainly by the number of workers not in the workforce dropping by 613,000 while the population growth increased by 172,000. This increased the civilian labor force by 786,000, with 442,000 finding work and 344,000 moving into the unemployed column. Unemployment didn&#39;t rise because people were losing jobs; unemployment increased because people were pulled into the labor force, perhaps because of solid wage growth, which increased by 5.2% year-over-year.</p><p><img src=\"https://static.tigerbbs.com/b84ce593ffddaaaf877449fe8aa645d2\" tg-width=\"640\" tg-height=\"192\" referrerpolicy=\"no-referrer\"/></p><p>BLS.GOV</p><p>More interesting is that the pace of hiring in the household survey accelerated in August and increased at its fastest rate since March 2022. None of the data from the unemployment report would suggest the Fed is likely to do anything different than it has previously indicated.</p><p><img src=\"https://static.tigerbbs.com/791401f8937b11a9c345764a956dbed6\" tg-width=\"640\" tg-height=\"338\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>Meanwhile, CPI is likely still tracking above 8% for August and September, based on the Cleveland Fed estimates. Currently, estimates are for a year-over-year inflation rate of 8.3% for August, and 8.4% for September. Meanwhile, core CPI is forecast to rise by 6.25% in August and 6.6% in September. The increase in CPI for August would be slightly slower than 8.5% for July, while core CPI would be somewhat faster than the 5.9% y/y change.</p><p><img src=\"https://static.tigerbbs.com/f7e19e82ac100d02e922240146dd66a6\" tg-width=\"640\" tg-height=\"337\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>A rising core CPI and a strong employment report could push the Fed to raise rates by 75 bps in September. While markets are leaning towards a 75 bps rate hike in September, they aren&#39;t convinced, with current odds at just 62%.</p><p><img src=\"https://static.tigerbbs.com/67b0ea44418c49e83255c4d0524d70bb\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"/></p><p>CME Group</p><p>On top of that September tends to be, on average over the past 30 years, the weakest month with an average decline of -0.34%. The declines have been as much as 11%, and the gains have been as much as 8.8%.</p><p><img src=\"https://static.tigerbbs.com/779c427f3192a6ad21f8686b92e742f1\" tg-width=\"640\" tg-height=\"434\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p><b>S&amp;P 500 Valuation Is Rich Versus Bonds</b></p><p>Data and questions around the next Fed meeting will create a lot of volatility in an already weak time of the year. Interest rates have risen dramatically since Jackson Hole, pushing the S&amp;P 500&#39;s valuation to historically high levels relative to the 10-yr yield, with a current spread between the earnings yield and the 10-yr rate now at 2.47%. But given, that spread should be widening because that is what happens when financial conditions tighten, it tells us that stocks are overvalued currently versus bonds.</p><p><img src=\"https://static.tigerbbs.com/fb5d69d23d8cf6e3e3a3fc0d6ef85286\" tg-width=\"640\" tg-height=\"235\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>With a nominal 10-Yr rate hovering around 3.25%, if the spread between the S&amp;P 500 earnings yield and the 10-Yr rate moves up to 3%, it would assume an earnings yield for the S&amp;P 500 of 6.25%, or a PE Ratio of 16, which is about 9% lower than the S&amp;P&#39;s current PE of roughly 17.6. That would equate to a value on the S&amp;P 500 of approximately 3,640 and close to the June lows.</p><p><b>June Lows Are In-Play</b></p><p>The likelihood of the S&amp;P 500 retesting those June lows seems to be increasing, and today&#39;s job data isn&#39;t likely to help. The fact of the matter is that rates are rising, and the August jobs data do not suggest the Fed should slow rate hikes or change its policy path, and the CPI data isn&#39;t likely to either. This means the Fed should remain on course to raise rates to around 4% by the middle of 2023, as the Fed Funds Futures are pricing. Given that, it will be tough for an equity rally to see a sustained advance.</p><p><img src=\"https://static.tigerbbs.com/0df38f9295305d9279da28bfae09f5b1\" tg-width=\"640\" tg-height=\"503\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>As rates continue to price higher, not only will nominal rates climb, but so will real rates, and currently, the 5-year and 10-Yr TIP rates have climbed right back to or above their cycle highs. This means that if real rates are rising, shouldn&#39;t the earnings yield of the S&amp;P 500 be rising too? After all, they have followed each other this closely for the past five years; shouldn&#39;t that continue well into the future?</p><p><img src=\"https://static.tigerbbs.com/7d089ca0d6d95c63abe24819e26ed648\" tg-width=\"640\" tg-height=\"323\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>Unless, of course, you still think the Fed will make a dovish pivot.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>September May Bring The S&P 500 Back To Its June Lows</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\">\nSeptember May Bring The S&P 500 Back To Its June Lows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-03 11:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4538702-september-may-bring-the-s-and-p-500-back-to-its-june-lows><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe S&P 500 has fallen sharply in recent days, as the dovish pivot has vanished.An FOMC meeting and a slew of economic data will make September very volatile.Rising rates and uncertainty could ...</p>\n\n<a href=\"https://seekingalpha.com/article/4538702-september-may-bring-the-s-and-p-500-back-to-its-june-lows\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4538702-september-may-bring-the-s-and-p-500-back-to-its-june-lows","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184784977","content_text":"SummaryThe S&P 500 has fallen sharply in recent days, as the dovish pivot has vanished.An FOMC meeting and a slew of economic data will make September very volatile.Rising rates and uncertainty could put the June lows in play.Stocks are off to a turbulent start in September, as the Fed crushed all hopes of a dovish pivot at the Jackson Hole meeting last Friday. To make matters worse, September will hold several key economic data points and an FOMC meeting which could create even more volatility in a seasonally lousy time.Today's job report appeared a bit weaker on the surface due to the rising unemployment rate. However, the jobs data showed that the pace of hiring in the economy is still strong, and wage growth remains elevated, despite rising slower than inflation.The increase in unemployment was driven mainly by the number of workers not in the workforce dropping by 613,000 while the population growth increased by 172,000. This increased the civilian labor force by 786,000, with 442,000 finding work and 344,000 moving into the unemployed column. Unemployment didn't rise because people were losing jobs; unemployment increased because people were pulled into the labor force, perhaps because of solid wage growth, which increased by 5.2% year-over-year.BLS.GOVMore interesting is that the pace of hiring in the household survey accelerated in August and increased at its fastest rate since March 2022. None of the data from the unemployment report would suggest the Fed is likely to do anything different than it has previously indicated.BloombergMeanwhile, CPI is likely still tracking above 8% for August and September, based on the Cleveland Fed estimates. Currently, estimates are for a year-over-year inflation rate of 8.3% for August, and 8.4% for September. Meanwhile, core CPI is forecast to rise by 6.25% in August and 6.6% in September. The increase in CPI for August would be slightly slower than 8.5% for July, while core CPI would be somewhat faster than the 5.9% y/y change.BloombergA rising core CPI and a strong employment report could push the Fed to raise rates by 75 bps in September. While markets are leaning towards a 75 bps rate hike in September, they aren't convinced, with current odds at just 62%.CME GroupOn top of that September tends to be, on average over the past 30 years, the weakest month with an average decline of -0.34%. The declines have been as much as 11%, and the gains have been as much as 8.8%.BloombergS&P 500 Valuation Is Rich Versus BondsData and questions around the next Fed meeting will create a lot of volatility in an already weak time of the year. Interest rates have risen dramatically since Jackson Hole, pushing the S&P 500's valuation to historically high levels relative to the 10-yr yield, with a current spread between the earnings yield and the 10-yr rate now at 2.47%. But given, that spread should be widening because that is what happens when financial conditions tighten, it tells us that stocks are overvalued currently versus bonds.BloombergWith a nominal 10-Yr rate hovering around 3.25%, if the spread between the S&P 500 earnings yield and the 10-Yr rate moves up to 3%, it would assume an earnings yield for the S&P 500 of 6.25%, or a PE Ratio of 16, which is about 9% lower than the S&P's current PE of roughly 17.6. That would equate to a value on the S&P 500 of approximately 3,640 and close to the June lows.June Lows Are In-PlayThe likelihood of the S&P 500 retesting those June lows seems to be increasing, and today's job data isn't likely to help. The fact of the matter is that rates are rising, and the August jobs data do not suggest the Fed should slow rate hikes or change its policy path, and the CPI data isn't likely to either. This means the Fed should remain on course to raise rates to around 4% by the middle of 2023, as the Fed Funds Futures are pricing. Given that, it will be tough for an equity rally to see a sustained advance.BloombergAs rates continue to price higher, not only will nominal rates climb, but so will real rates, and currently, the 5-year and 10-Yr TIP rates have climbed right back to or above their cycle highs. This means that if real rates are rising, shouldn't the earnings yield of the S&P 500 be rising too? After all, they have followed each other this closely for the past five years; shouldn't that continue well into the future?BloombergUnless, of course, you still think the Fed will make a dovish pivot.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939886376,"gmtCreate":1662083849497,"gmtModify":1676536804028,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9939886376","repostId":"1119664964","repostType":4,"repost":{"id":"1119664964","kind":"news","pubTimestamp":1662083655,"share":"https://ttm.financial/m/news/1119664964?lang=en_US&edition=fundamental","pubTime":"2022-09-02 09:54","market":"us","language":"en","title":"7 Mistakes to Avoid When Trading Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1119664964","media":"Bankrate","summary":"Trading options can be appealing for many reasons.Optionscan serve as a hedge against falling stock ","content":"<html><head></head><body><p>Trading options can be appealing for many reasons.Optionscan serve as a hedge against falling stock prices or give traders the magnifying power of leverage, making options useful in the right situation.</p><p>But traders can also misuse options, and may make common mistakes that derail their strategy. Trading options is generally more complicated than trading stocks, so there are some things you should know before diving in. If you want to trade options, be sure to avoid these common mistakes.</p><h2>1. Not having a trading strategy</h2><p>Trading options has its benefits, but diving in without any sort of trading strategy is not a recipe for success. For example, how will you identify potential trading opportunities? What criteria will you use to determine whether a potential trade is worth pursuing? How much are you willing to lose on a trade that doesn’t go according to plan? These are important questions to answer.</p><p>If you don’t have a clearly defined trading plan, you might end up making random decisions based on emotion or what you heard in the news. When you have a trading plan, your decisions are based simply on whether an opportunity fits within the framework you have created.</p><p>In addition, inexperienced traders sometimes don’t have an exit strategy, which can be a problem. Options can make big moves in either direction. You should know not only how large of a move should trigger action on your part, but also how long you’ll wait before taking action.</p><h2>2. Lack of diversification</h2><p>One of the most common problems when trading options is a lack of diversification. When buying equities, diversification usually means purchasing stock in many different companies. When thinking about options, it means something a little different.</p><p>With options, you have more possibilities than buying promising stocks and selling the losers. You’ll want to deal with both calls and puts, for example. You also have many trading strategies and tactics, such as covered calls, married puts, and bear put spreads. Using multiple options strategies can help you succeed even if one particular strategy is unsuccessful.</p><h2>3. Lack of discipline</h2><p>Options trading requires an acute sense of discipline and self-control. While it can provide wins more quickly than investing in index funds, that isn’t to say it will always produce immediate results. If you want to do well, you must be willing to stick to your strategy.</p><p>For example, options traders can be too quick to sell a winner while holding on to a loser for too long. Or perhaps they wait too long to buy back short options. Options require you to be smart with how you trade if you want to be successful in the long run.</p><h2>4. Using margin to buy options</h2><p>Using a margin loan can be tempting when trading options since it might allow you to make a nice profit without putting up much capital. The problem is that while a margin loan can amplify the wins, it does the same with losses. Buying on margin is risky, whether or not you use it to trade options. Margin calls are also a concern when trading with leverage.</p><p>It’s important that you don’t trade with money you can’t afford to lose, but trading options increase the likelihood of that happening. Because of the heavy risk associated with buying on margin, it is usually best left to advanced investors.</p><h2>5. Focusing on illiquid options</h2><p>Liquidity is the ease with which something can be converted into cash. Shares of stock are often quite liquid since they can easily be sold for cash whenever the market is open. But trading options isn’t as simple as selling shares at a given market price.</p><p>Options traders are at the mercy of the bid-ask spread, the difference between what sellers are asking for an asset and what buyers are willing to pay (bid). If there is a big difference between those two prices, you have an illiquid option. That means you might have trouble finding a buyer when needed, which can be a problem, given the occasionally rapid price swings with options.</p><h2>6. Failing to understand technical indicators</h2><p>When trading options, traders must understand the dynamics of option pricing and how they work. For instance, indicators such as the delta, gamma, vega and theta of an option should be second nature to you. If you aren’t familiar with these, it’s best to understand them before getting started.</p><p>For example, delta represents how much the option price is expected to move based on a $1 change in the underlying security. In other words, it tells you the price sensitivity of the option. Similarly, theta explains the effect of time on the option. An effective options trading strategy requires that you know how to read charts and understand the various indicators they show.</p><h2>7. Not accounting for volatility</h2><p>As noted earlier, the options market can be volatile. However, savvy options traders can use this to their advantage. The expected volatility of a stock influences the option’s premium, or the price the options trader pays for the contract. Because of this, understanding volatility will help you determine whether an option is cheap. Your trading strategy should account for volatility so you know whether a contract is worth buying.</p><h2>Bottom line</h2><p>Options allow traders to magnify their gains, but they can be risky if you don’t have the necessary knowledge beforehand. A lack of knowledge could result in key mistakes, such as not having a trading plan, a lack of diversification, or relying too heavily on margin. Like most things, there is a learning curve with options trading that requires learning by doing. But keeping these common mistakes in mind can help make your learning experience a less costly one.</p></body></html>","source":"lsy1662083481883","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>7 Mistakes to Avoid When Trading Options</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\">\n7 Mistakes to Avoid When Trading Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-02 09:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bankrate.com/investing/mistakes-to-avoid-when-trading-options/><strong>Bankrate</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trading options can be appealing for many reasons.Optionscan serve as a hedge against falling stock prices or give traders the magnifying power of leverage, making options useful in the right ...</p>\n\n<a href=\"https://www.bankrate.com/investing/mistakes-to-avoid-when-trading-options/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bankrate.com/investing/mistakes-to-avoid-when-trading-options/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119664964","content_text":"Trading options can be appealing for many reasons.Optionscan serve as a hedge against falling stock prices or give traders the magnifying power of leverage, making options useful in the right situation.But traders can also misuse options, and may make common mistakes that derail their strategy. Trading options is generally more complicated than trading stocks, so there are some things you should know before diving in. If you want to trade options, be sure to avoid these common mistakes.1. Not having a trading strategyTrading options has its benefits, but diving in without any sort of trading strategy is not a recipe for success. For example, how will you identify potential trading opportunities? What criteria will you use to determine whether a potential trade is worth pursuing? How much are you willing to lose on a trade that doesn’t go according to plan? These are important questions to answer.If you don’t have a clearly defined trading plan, you might end up making random decisions based on emotion or what you heard in the news. When you have a trading plan, your decisions are based simply on whether an opportunity fits within the framework you have created.In addition, inexperienced traders sometimes don’t have an exit strategy, which can be a problem. Options can make big moves in either direction. You should know not only how large of a move should trigger action on your part, but also how long you’ll wait before taking action.2. Lack of diversificationOne of the most common problems when trading options is a lack of diversification. When buying equities, diversification usually means purchasing stock in many different companies. When thinking about options, it means something a little different.With options, you have more possibilities than buying promising stocks and selling the losers. You’ll want to deal with both calls and puts, for example. You also have many trading strategies and tactics, such as covered calls, married puts, and bear put spreads. Using multiple options strategies can help you succeed even if one particular strategy is unsuccessful.3. Lack of disciplineOptions trading requires an acute sense of discipline and self-control. While it can provide wins more quickly than investing in index funds, that isn’t to say it will always produce immediate results. If you want to do well, you must be willing to stick to your strategy.For example, options traders can be too quick to sell a winner while holding on to a loser for too long. Or perhaps they wait too long to buy back short options. Options require you to be smart with how you trade if you want to be successful in the long run.4. Using margin to buy optionsUsing a margin loan can be tempting when trading options since it might allow you to make a nice profit without putting up much capital. The problem is that while a margin loan can amplify the wins, it does the same with losses. Buying on margin is risky, whether or not you use it to trade options. Margin calls are also a concern when trading with leverage.It’s important that you don’t trade with money you can’t afford to lose, but trading options increase the likelihood of that happening. Because of the heavy risk associated with buying on margin, it is usually best left to advanced investors.5. Focusing on illiquid optionsLiquidity is the ease with which something can be converted into cash. Shares of stock are often quite liquid since they can easily be sold for cash whenever the market is open. But trading options isn’t as simple as selling shares at a given market price.Options traders are at the mercy of the bid-ask spread, the difference between what sellers are asking for an asset and what buyers are willing to pay (bid). If there is a big difference between those two prices, you have an illiquid option. That means you might have trouble finding a buyer when needed, which can be a problem, given the occasionally rapid price swings with options.6. Failing to understand technical indicatorsWhen trading options, traders must understand the dynamics of option pricing and how they work. For instance, indicators such as the delta, gamma, vega and theta of an option should be second nature to you. If you aren’t familiar with these, it’s best to understand them before getting started.For example, delta represents how much the option price is expected to move based on a $1 change in the underlying security. In other words, it tells you the price sensitivity of the option. Similarly, theta explains the effect of time on the option. An effective options trading strategy requires that you know how to read charts and understand the various indicators they show.7. Not accounting for volatilityAs noted earlier, the options market can be volatile. However, savvy options traders can use this to their advantage. The expected volatility of a stock influences the option’s premium, or the price the options trader pays for the contract. Because of this, understanding volatility will help you determine whether an option is cheap. Your trading strategy should account for volatility so you know whether a contract is worth buying.Bottom lineOptions allow traders to magnify their gains, but they can be risky if you don’t have the necessary knowledge beforehand. A lack of knowledge could result in key mistakes, such as not having a trading plan, a lack of diversification, or relying too heavily on margin. Like most things, there is a learning curve with options trading that requires learning by doing. But keeping these common mistakes in mind can help make your learning experience a less costly one.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930442785,"gmtCreate":1661996581549,"gmtModify":1676536621033,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"🤔&nbsp;","listText":"🤔&nbsp;","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9930442785","repostId":"2264234271","repostType":4,"repost":{"id":"2264234271","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":1661995784,"share":"https://ttm.financial/m/news/2264234271?lang=en_US&edition=fundamental","pubTime":"2022-09-01 09:29","market":"us","language":"en","title":"AMD Says U.S. Told It to Stop Shipping Top AI Chip to China","url":"https://stock-news.laohu8.com/highlight/detail?id=2264234271","media":"Reuters","summary":"Aug 31 (Reuters) - Advanced Micro Devices Inc  on Wednesday said U.S. officials have told it to stop","content":"<html><head></head><body><p>Aug 31 (Reuters) - Advanced Micro Devices Inc  on Wednesday said U.S. officials have told it to stop exporting its top artificial intelligence chip to China, according to a spokesman.</p><p>The company said new license requirements prevent shipment of its MI250 chips to China but it believes its MI100 chips are not affected by the new requirement. The company said it does not believe the new rules will have a material impact on its business.</p><p>AMD shares had been down 2% in after-hours trading after rival Nvidia said  the new rules could cost it up to $400 million is sales.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD Says U.S. Told It to Stop Shipping Top AI Chip to China</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\">\nAMD Says U.S. Told It to Stop Shipping Top AI Chip to China\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-01 09:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Aug 31 (Reuters) - Advanced Micro Devices Inc  on Wednesday said U.S. officials have told it to stop exporting its top artificial intelligence chip to China, according to a spokesman.</p><p>The company said new license requirements prevent shipment of its MI250 chips to China but it believes its MI100 chips are not affected by the new requirement. The company said it does not believe the new rules will have a material impact on its business.</p><p>AMD shares had been down 2% in after-hours trading after rival Nvidia said  the new rules could cost it up to $400 million is sales.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4573":"虚拟现实","BK4023":"应用软件","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","CAAS":"中汽系统","BK4512":"苹果概念","BK4543":"AI","BK4534":"瑞士信贷持仓","BK4124":"机动车零配件与设备","BK4141":"半导体产品","AMD":"美国超微公司","AI":"C3.ai, Inc.","GFS":"GLOBALFOUNDRIES Inc.","BK4529":"IDC概念","BK4575":"芯片概念","NVDA":"英伟达","BK4566":"资本集团","BK4528":"SaaS概念","BK4551":"寇图资本持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2264234271","content_text":"Aug 31 (Reuters) - Advanced Micro Devices Inc  on Wednesday said U.S. officials have told it to stop exporting its top artificial intelligence chip to China, according to a spokesman.The company said new license requirements prevent shipment of its MI250 chips to China but it believes its MI100 chips are not affected by the new requirement. The company said it does not believe the new rules will have a material impact on its business.AMD shares had been down 2% in after-hours trading after rival Nvidia said  the new rules could cost it up to $400 million is sales.","news_type":1,"symbols_score_info":{"CAAS":1,"GFS":1,"AMD":1,"AI":1,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":1327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930442920,"gmtCreate":1661996523262,"gmtModify":1676536621017,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Sigh","listText":"Sigh","text":"Sigh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930442920","repostId":"1160175664","repostType":4,"repost":{"id":"1160175664","kind":"news","pubTimestamp":1661996027,"share":"https://ttm.financial/m/news/1160175664?lang=en_US&edition=fundamental","pubTime":"2022-09-01 09:33","market":"sg","language":"en","title":"Singapore Shares Open Lower on Thursday; STI down 0.3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1160175664","media":"businesstimes","summary":"SINGAPORE stocks opened lower on Thursday (Sep 1) as global markets took further beatings.The Strait","content":"<div>\n<p>SINGAPORE stocks opened lower on Thursday (Sep 1) as global markets took further beatings.The Straits Times Index (STI) was down 0.3 per cent or 11.07 points to 3210.6 as at 9.01 am. Losers outweighed...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-on-thursday-sti-down-03\">Source Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Open Lower on Thursday; STI down 0.3%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares Open Lower on Thursday; STI down 0.3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-01 09:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-on-thursday-sti-down-03><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE stocks opened lower on Thursday (Sep 1) as global markets took further beatings.The Straits Times Index (STI) was down 0.3 per cent or 11.07 points to 3210.6 as at 9.01 am. Losers outweighed...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-on-thursday-sti-down-03\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-on-thursday-sti-down-03","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160175664","content_text":"SINGAPORE stocks opened lower on Thursday (Sep 1) as global markets took further beatings.The Straits Times Index (STI) was down 0.3 per cent or 11.07 points to 3210.6 as at 9.01 am. Losers outweighed gainers 63 to 39 after 70.6 million securities worth S$131.7 million shares changed hands.Oceanus : 579 0%was the most actively traded counter in the morning with 26.4 million shares transacted. The counter was down 6.3 per cent or S$0.001 at S$0.015. Among index counters,Singtel : Z74 -0.38%traded 0.8 per cent or S$0.02 lower at S$2.60 after 3.2 million shares changed hands.The trio of local banks traded lower at Thursday’s open.DBS : D05 -0.86%was down 0.8 per cent or S$0.25 at S$32.35,UOB : U11 -0.37%lost 0.7 per cent or S$0.18 to S$27.15, while OCBC : O39 -0.5%gained 0.5 per cent or S$0.06 to S$12.03.In the US,Wall Street stocks ended with lossesagain on Wednesday, part of a downward trend set in motion by Federal Reserve chief Jerome Powell, who last week warned there would be no respite from interest rate hikes.The Dow Jones Industrial Average fell 0.9 per cent to finish the day at 31,510.43. The broad-based S&P 500 dropped 0.8 per cent to close at 3,955, while the tech-rich Nasdaq Composite Index slumped 0.6 per cent to 11,816.2.European sharesslipped on Wednesday, clocking declines for the month as data showed eurozone inflation in August hit another record high, while energy concerns intensified after Russia began halting gas flows to Germany via a key supply route.The pan-European Stoxx 600 fell 1.1 per cent to new 6-week lows, carrying its losing streak to the fourth straight day.Elsewhere in Asia,Tokyo stocks opened loweron Thursday extending US losses, with fears growing among investors that there will be no respite from Federal Reserve rate hikes aimed at tamping down inflation.The benchmark Nikkei 225 index was down 1.04 per cent or 291.67 points at 27,799.86 in early trade, while the broader Topix index slipped 0.8 per cent or 15.76 points to 1,947.4.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":870,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930132814,"gmtCreate":1661911058340,"gmtModify":1676536602426,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"😞&nbsp;","listText":"😞&nbsp;","text":"😞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930132814","repostId":"2263806415","repostType":4,"isVote":1,"tweetType":1,"viewCount":1060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997568772,"gmtCreate":1661823486798,"gmtModify":1676536585867,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Wat&nbsp;","listText":"Wat&nbsp;","text":"Wat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997568772","repostId":"2263836964","repostType":4,"isVote":1,"tweetType":1,"viewCount":1250,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997944853,"gmtCreate":1661736928475,"gmtModify":1676536569811,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"😞&nbsp;","listText":"😞&nbsp;","text":"😞","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997944853","repostId":"1131654082","repostType":2,"repost":{"id":"1131654082","kind":"news","pubTimestamp":1661736727,"share":"https://ttm.financial/m/news/1131654082?lang=en_US&edition=fundamental","pubTime":"2022-08-29 09:32","market":"sg","language":"en","title":"Singapore Shares Open Lower Following Wall Street Plunge; STI down 0.1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1131654082","media":"businesstimes","summary":"SINGAPORE stocks opened lower on Monday (Aug 29) as global markets took a nose dive.The Straits Time","content":"<div>\n<p>SINGAPORE stocks opened lower on Monday (Aug 29) as global markets took a nose dive.The Straits Times Index (STI) was down 0.1 per cent or 39.76 points to 3209.77 as at 9 am. Losers outweighed gainers...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-following-wall-street-plunge-sti-down-01\">Source Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Open Lower Following Wall Street Plunge; STI down 0.1%</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\">\nSingapore Shares Open Lower Following Wall Street Plunge; STI down 0.1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 09:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-following-wall-street-plunge-sti-down-01><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE stocks opened lower on Monday (Aug 29) as global markets took a nose dive.The Straits Times Index (STI) was down 0.1 per cent or 39.76 points to 3209.77 as at 9 am. Losers outweighed gainers...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-following-wall-street-plunge-sti-down-01\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-following-wall-street-plunge-sti-down-01","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131654082","content_text":"SINGAPORE stocks opened lower on Monday (Aug 29) as global markets took a nose dive.The Straits Times Index (STI) was down 0.1 per cent or 39.76 points to 3209.77 as at 9 am. Losers outweighed gainers 148 to 19 after 75.36 million securities worth S$56.12 million shares changed hands.MarcoPolo Marine : 5LY -2.7%was the most actively traded counter in the morning with 10.6 million shares transacted. The counter was down 5.4 per cent or S$0.002 at S$0.35. Among index counters,SingPost : S08 -0.85%traded lower 1.7 per cent or S$0.01 at S$0.575 after 1.7 million shares were traded.The trio of local banks traded lower at Monday’s open. DBS was down 1.6 per cent or S$0.52 to S$32.32, UOB lost 1.5 per cent or S$0.42 to S$27.05, OCBC dipped 1.7 per cent or S$0.21 to S$11.93.Over in the US,Wall Street ended Fridaywith all 3 benchmark indices more than 3 per cent lower, as Federal Reserve chief Jerome Powell’s signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors.The S&P 500 lost 141.46 points or 3.4 per cent to end at 4,057.66 points, while the Nasdaq Composite lost 497.56 points or 3.9 per cent to 12,141.71. The Dow Jones Industrial Average fell 1,008.38 points, or 3 per cent, to 32,283.40.Europeanshares tumbled on Friday, led by Germany, as investors fretted over downbeat consumer sentiment data in the continent’s biggest economy.The pan-European Stoxx 600 slid 1.7 per cent, closing down 2.6 per cent for the week. Germany’s DAX index ended 2.3 per cent lower, with a weekly fall of 4.2 per cent making it its worst week in more than 2 months.Elsewhere in Asia,Tokyo stocks opened loweron Monday after US Federal Reserve Chair Jerome Powell declared his commitment to rate hikes to fight inflation.The benchmark Nikkei 225 index tumbled 1.69 per cent, or 484.75 points, to 28,156.63, while the broader Topix index slipped 1.62 per cent, or 31.59 points, to 1,948.00.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1012,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9997944386,"gmtCreate":1661736918147,"gmtModify":1676536569803,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Sigh&nbsp;","listText":"Sigh&nbsp;","text":"Sigh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9997944386","repostId":"1131654082","repostType":2,"repost":{"id":"1131654082","kind":"news","pubTimestamp":1661736727,"share":"https://ttm.financial/m/news/1131654082?lang=en_US&edition=fundamental","pubTime":"2022-08-29 09:32","market":"sg","language":"en","title":"Singapore Shares Open Lower Following Wall Street Plunge; STI down 0.1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1131654082","media":"businesstimes","summary":"SINGAPORE stocks opened lower on Monday (Aug 29) as global markets took a nose dive.The Straits Time","content":"<div>\n<p>SINGAPORE stocks opened lower on Monday (Aug 29) as global markets took a nose dive.The Straits Times Index (STI) was down 0.1 per cent or 39.76 points to 3209.77 as at 9 am. Losers outweighed gainers...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-following-wall-street-plunge-sti-down-01\">Source Link</a>\n\n</div>\n","source":"lsy1607307803821","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares Open Lower Following Wall Street Plunge; STI down 0.1%</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\">\nSingapore Shares Open Lower Following Wall Street Plunge; STI down 0.1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-29 09:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-following-wall-street-plunge-sti-down-01><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE stocks opened lower on Monday (Aug 29) as global markets took a nose dive.The Straits Times Index (STI) was down 0.1 per cent or 39.76 points to 3209.77 as at 9 am. Losers outweighed gainers...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-following-wall-street-plunge-sti-down-01\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/singapore-shares-open-lower-following-wall-street-plunge-sti-down-01","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131654082","content_text":"SINGAPORE stocks opened lower on Monday (Aug 29) as global markets took a nose dive.The Straits Times Index (STI) was down 0.1 per cent or 39.76 points to 3209.77 as at 9 am. Losers outweighed gainers 148 to 19 after 75.36 million securities worth S$56.12 million shares changed hands.MarcoPolo Marine : 5LY -2.7%was the most actively traded counter in the morning with 10.6 million shares transacted. The counter was down 5.4 per cent or S$0.002 at S$0.35. Among index counters,SingPost : S08 -0.85%traded lower 1.7 per cent or S$0.01 at S$0.575 after 1.7 million shares were traded.The trio of local banks traded lower at Monday’s open. DBS was down 1.6 per cent or S$0.52 to S$32.32, UOB lost 1.5 per cent or S$0.42 to S$27.05, OCBC dipped 1.7 per cent or S$0.21 to S$11.93.Over in the US,Wall Street ended Fridaywith all 3 benchmark indices more than 3 per cent lower, as Federal Reserve chief Jerome Powell’s signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors.The S&P 500 lost 141.46 points or 3.4 per cent to end at 4,057.66 points, while the Nasdaq Composite lost 497.56 points or 3.9 per cent to 12,141.71. The Dow Jones Industrial Average fell 1,008.38 points, or 3 per cent, to 32,283.40.Europeanshares tumbled on Friday, led by Germany, as investors fretted over downbeat consumer sentiment data in the continent’s biggest economy.The pan-European Stoxx 600 slid 1.7 per cent, closing down 2.6 per cent for the week. Germany’s DAX index ended 2.3 per cent lower, with a weekly fall of 4.2 per cent making it its worst week in more than 2 months.Elsewhere in Asia,Tokyo stocks opened loweron Monday after US Federal Reserve Chair Jerome Powell declared his commitment to rate hikes to fight inflation.The benchmark Nikkei 225 index tumbled 1.69 per cent, or 484.75 points, to 28,156.63, while the broader Topix index slipped 1.62 per cent, or 31.59 points, to 1,948.00.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":1258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9994539359,"gmtCreate":1661655383873,"gmtModify":1676536555898,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9994539359","repostId":"2262977847","repostType":4,"repost":{"id":"2262977847","kind":"highlight","pubTimestamp":1661561509,"share":"https://ttm.financial/m/news/2262977847?lang=en_US&edition=fundamental","pubTime":"2022-08-27 08:51","market":"us","language":"en","title":"Why Investors Should Ignore the Fed, Interest Rates, and Most News","url":"https://stock-news.laohu8.com/highlight/detail?id=2262977847","media":"TheStreet","summary":"The stock market often makes big moves based on short-term news. When Jerome Powell mentions that in","content":"<div>\n<p>The stock market often makes big moves based on short-term news. When Jerome Powell mentions that interest rates may continue to rise to combat inflation, the Dow and Nasdaq generally drop -- unless ...</p>\n\n<a href=\"https://www.thestreet.com/investing/why-investors-should-ignore-the-fed-interest-rates-and-most-news\">Source Link</a>\n\n</div>\n","source":"thestreet_highlight","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>Why Investors Should Ignore the Fed, Interest Rates, and Most News</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\">\nWhy Investors Should Ignore the Fed, Interest Rates, and Most News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-27 08:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/why-investors-should-ignore-the-fed-interest-rates-and-most-news><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market often makes big moves based on short-term news. When Jerome Powell mentions that interest rates may continue to rise to combat inflation, the Dow and Nasdaq generally drop -- unless ...</p>\n\n<a href=\"https://www.thestreet.com/investing/why-investors-should-ignore-the-fed-interest-rates-and-most-news\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.thestreet.com/investing/why-investors-should-ignore-the-fed-interest-rates-and-most-news","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262977847","content_text":"The stock market often makes big moves based on short-term news. When Jerome Powell mentions that interest rates may continue to rise to combat inflation, the Dow and Nasdaq generally drop -- unless they don't because people expected worse or assume that the news was already priced into the market.It's an inexact science where people make reactionary moves that send markets up or down based on some sort of prevailing wisdom. Basically, people take short-term news and conflate it to have long-term meaning.The media -- of which I have been a member for roughly 30 years -- do not generally help calm the short-term hysteria.People don't get paid to go on cable-news channels to express reasoned long-term opinions. They're supposed to fire off hot takes, which make it seem as if the Fed's rate move or the monthly jobs number has a huge impact on the stock market.In reality, broader economic conditions clearly have an impact on individual stocks, but that's not nearly as simple as people would have you believe.For example, a weakening economy might be worse for Apple  because people might be wary of buying expensive new phones. Or the same economy could benefit Apple because consumers will hold back on vacations, new cars, and other expensive purchases and spend on more-affordable luxuries like streaming TV, music, and fitness, or maybe even a new phone, which is a lot cheaper than many vacations.Short-Term Stock Market Moves Don't Much MatterA lot of people day-trade and try to guess how the market might perform day-to-day or even hour-to-hour. Long-term investors buy good companies and hold them for years. That's how the average person can build wealth, and it's a strategy that does not depend on you trying to figure out what Federal Reserve Chairman Jerome Powell's comment or any Fed move means at a micro level.Instead, every news report is a piece of a bigger puzzle. Yes, the country's long-term financial health tells you things about how various companies will perform, but isolated data points generally mean very little.If we go back to looking at Apple, for example, the company's quarterly earnings reports often show double-digit growth in every category -- and the stock price falls after the report. Sometimes that's because investors expected more or analysts didn't like the outlook management described. But you can't judge companies based on one quarter.When you assess an earnings report, you have to compare it with the company's long-term road map. Did Apple, for example, grow service revenue, something the tech giant has been working on for years? Are long-term sales goals being met even if they're not happening in exactly the way the company thought they might?For example, when Apple introduces the new iPhone, in September, sales may be front-loaded or people may wait a few weeks, until the holiday season, before they buy. In a broader sense, many customers may wait until their current phone gets paid off. It's a 12-month cycle where the destination, not how you get there, matters.So Much Noise, So Little NewsIt's a 24-hour/7-day-a-week news cycle, and media outlets tied to that wheel can't tell you that what's happening in the moment is one data point of many, not a meaningful, actionable item on its own.Higher interest rates, for example, mean higher mortgage rates, which in turn could slow the housing market and bring prices down (or at least slow their growth).That's not a simple equation. Cheaper sale prices with higher mortgage rates might increase affordability for buyers but they also slow wealth creation for sellers.Both are interesting data points when you look at lots of different stocks, but evaluating a company's prospects is much more about how its management executes a plan while adjusting for economic conditions.Peloton and Netflix, for example, have taken very different approaches to the end of the pandemic-driven boom.Netflix always talked about how it was pulling growth forward, warning that at some point there would be quarters with slight drops. The company explained how it would get more efficient with its content spending and focus on new areas like video games to drive growth.You can believe that strategy will work -- I'm bullish on more focused content spending and I think games are lighting money on fire. But how the company executes on its clearly explained strategy means a lot more to its future than an interest rate move or whether Disney has an Avengers movie in theaters at this exact moment.Peloton, for its part, has never really articulated a plan for a return to growth after the pandemic pushed forward its customer acquisition. Yes, the broader economy matters more to Peloton than it does to Netflix, but you should buy, sell, or ignore the company's stock based on whether you believe in its long-term business plan, not because the cost of financing a bike just got marginally more expensive.The media want to keep things simple. That's why the weatherperson tells you it's going to snow, how much may fall, and what the temperature will be, not the underlying science that leads to those things happening.It's easy to conflate single data points to stock market moves because when we get data, the market moves, but those moves don't actually speak to long-term performance.When you consider investing in a company or selling a stock you own, look at as many data points as you can, and don't make blanket assumptions that higher interest rates or a weaker economy are bad (or good) for that company.Remember that charts, numbers, expert opinions, and everything else are tools to help you understand the bigger picture. No one of them is the last word.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995503521,"gmtCreate":1661477392665,"gmtModify":1676536526931,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Sure","listText":"Sure","text":"Sure","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995503521","repostId":"2262812935","repostType":4,"repost":{"id":"2262812935","kind":"highlight","pubTimestamp":1661486342,"share":"https://ttm.financial/m/news/2262812935?lang=en_US&edition=fundamental","pubTime":"2022-08-26 11:59","market":"us","language":"en","title":"Want $1,000 in Passive Income? Invest $4,626 in These 3 Stocks and Wait 5 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2262812935","media":"Motley Fool","summary":"These three companies are conservative and have a history of dividend increases.","content":"<div>\n<p>Building an income portfolio is a function of a couple of things. First, look at your financial goal and then work backward. In this case, let's say an investor wants to generate $1,000 in passive ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/25/want-1000-in-passive-income-invest-21700-in-these/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Want $1,000 in Passive Income? Invest $4,626 in These 3 Stocks and Wait 5 Years</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\">\nWant $1,000 in Passive Income? Invest $4,626 in These 3 Stocks and Wait 5 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-26 11:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/25/want-1000-in-passive-income-invest-21700-in-these/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Building an income portfolio is a function of a couple of things. First, look at your financial goal and then work backward. In this case, let's say an investor wants to generate $1,000 in passive ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/25/want-1000-in-passive-income-invest-21700-in-these/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DUK":"杜克能源","O":"Realty Income Corp"},"source_url":"https://www.fool.com/investing/2022/08/25/want-1000-in-passive-income-invest-21700-in-these/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262812935","content_text":"Building an income portfolio is a function of a couple of things. First, look at your financial goal and then work backward. In this case, let's say an investor wants to generate $1,000 in passive income from three stocks in five years. The next step is to find three good stocks and then calculate how many shares to buy to generate that income. Theoretically it would take a smaller investment if we used a dividend reinvestment plan, but that complicates the math.The three stocks are Realty Income, STORE Capital and Duke Energy. I'll work through the math when discussing each one. Note that I am also choosing conservative names, which would be appropriate for an income investor.Triple-net lease REITs are highly stable income-generating businessesRealty Income is a real estate investment trust (REIT) that focuses on single-tenant real estate properties. It is a Dividend Aristocrat, and has been a stalwart performer through thick and thin. It leases properties to tenants under long-term triple-net lease contracts. These contracts generally last a long time and push most of the operational costs on to the tenant. The stock is currently trading at about $70.60 and pays an annual dividend of $2.97. Over five years, the stock should pay a total of $14.85 in dividends, assuming no cuts or increases. To generate $333 in income you would need 22.5 shares, which would cost $1,589.As a Dividend Aristocrat, the company has a long history of dividend increases, so chances are that the stock will generate more than $14.85 in dividends over the next five years.   During the COVID-19 pandemic, most REITs cut their dividends. Realty Income hiked its dividend three times in 2020. It should be a core holding in an income investor's portfolio.STORE Capital has a similar business model to Realty Income. It is a major holding of Warren Buffett's Berkshire Hathaway. Like Realty Income, it largely focuses on tenants that are somewhat more insulated from the business cycle than most. STORE's typical tenants include fast-food and casual dining restaurants, child education centers, supermarkets, retail, and some manufacturing. Like Realty Income, the company was able to raise its dividend during the COVID-19 pandemic. Its business model is highly conservative, and it does a deep dive into the financials of its tenants. The stock is trading at about $27.50 and pays $1.54 in annual dividends. Assuming no cuts or increases, that should build to $7.70 in dividends over the next five years. To get $333 in income you would need 43.3 shares at a cost of $1,195.Regulated utilities are protected by the governmentDuke Energy is a regulated utility, which is another favorite for income investors. Duke provides electricity and natural gas service to the Southeast and parts of the Midwest. Regulated utilities are often granted monopoly rights for a territory in exchange for letting the regulators determine what they are permitted to charge. This prevents the utility from price gouging, and it also ensures that it can earn a return without getting into financial distress. Utilities have historically been considered some of the safest stocks given that demand is pretty constant and they face little competition. Duke is currently trading at about $110.50 per share. Duke pays an annual dividend of $4.02, which would amount to $20.10 over five years. To generate $333 in income you would need 16.6 shares which would cost about $1,843So, overall if you bought these three stocks, it would cost $4,626 to buy enough shares to generate $1,000 in income over the next five years. Given that these stocks have a history of dividend increases even during tough times, chances are the income would be more than $1,000.","news_type":1,"symbols_score_info":{"STOR":0.9,"O":0.9,"DUK":0.9}},"isVote":1,"tweetType":1,"viewCount":1063,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":887675179,"gmtCreate":1632036217291,"gmtModify":1676530690889,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Saddd&nbsp;","listText":"Saddd&nbsp;","text":"Saddd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/887675179","repostId":"2168089015","repostType":4,"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071820069,"gmtCreate":1657509876651,"gmtModify":1676536017439,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Okkk","listText":"Okkk","text":"Okkk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071820069","repostId":"2250796988","repostType":4,"repost":{"id":"2250796988","kind":"news","pubTimestamp":1657509255,"share":"https://ttm.financial/m/news/2250796988?lang=en_US&edition=fundamental","pubTime":"2022-07-11 11:14","market":"us","language":"en","title":"3 Cheap Dividend Stocks Worth Looking At Now","url":"https://stock-news.laohu8.com/highlight/detail?id=2250796988","media":"Barchart","summary":"These 3 dividend stocks are worth looking at as they look pretty cheap now. Investors may want to st","content":"<html><head></head><body><p>These 3 dividend stocks are worth looking at as they look pretty cheap now. Investors may want to study them as their dividends look secure  - the companies&#39; earnings more than cover the dividend payments.</p><p>Moreover, the companies are growing earnings and they produce positive free cash flow (FCF). That allows them to pay their dividends and buy back stock. That will also help push up the stock.</p><h3><a href=\"https://laohu8.com/S/LOW\">Lowe&#39;s Companies </a></h3><p>This home building and supplies retailer just raised its dividend by 31.25% from 80 cents per quarter to $1 in May, putting it on a forward dividend yield of 2.35%. Lowe&#39;s said it was due to the strength of its cash flow.</p><p>For example, in the last year, its free cash flow (FCF) was $6.835 billion, or 7.2% of its $95.5 billion in sales for the past year to the first quarter of 2022. That was more than enough to pay for the $2 billion costs of its dividends.</p><p>Moreover, according to its earnings release, it spent $4.1 billion on buybacks in Q1 and expects to do $12 billion for the full year. That represents 10.6% of its market value now. It will act as a catalyst on the stock price and spur growth in the dividend per share.</p><p>LOW stock is cheap at just 13.3 times this year’s forecast earnings and 12.1 times next year’s. That makes investing in its out-of-the-money calls worth looking at now.</p><p><img src=\"https://static.tigerbbs.com/70d801b3f2a8f6355f3a42a3cf0123c2\" tg-width=\"1097\" tg-height=\"292\" referrerpolicy=\"no-referrer\"/>This shows that the midpoint of the $200.00 strike price for the Oct. 21, 2022 call options is at $5.53 per call. By selling those covered calls (assuming you buy 100 shares of the stock at $181.63), you can collect 3.045% in income. If held to expiration by Oct. 21, and assuming the stock does not rise to $200, you can keep all that income. It works out to an annualized yield of 10.58%, assuming it can be repeated another 3.48x in a year (i.e., 365/105 days).</p><h3><a href=\"https://laohu8.com/S/CI\">Cigna Corp </a></h3><p>After 17 years of paying minimal dividends, in 2021 Cigna Corp started paying a substantial dividend. It raised the dividend per share (DPS) by 12% beginning in 2022, giving it a yield of 1.65%.</p><p>The company has sold off its international operations and expects to produce $8.25 billion in free cash flow (or FCF) this year alone. It also is buying back large amounts of its shares - to the tune of $5.4 billion annually. Its future dividends and buybacks make this one of the cheap dividend stocks.</p><p>Here is an out-of-the-money covered call worth looking at.</p><p><img src=\"https://static.tigerbbs.com/939028abd90a5989097e8c82d7997082\" tg-width=\"1096\" tg-height=\"260\" referrerpolicy=\"no-referrer\"/>This shows that the midprice of the $300 strike price for the Sept. 16 calls is $6.50. That means that if you buy 100 shares of CI at $279.19, the covered call yields 2.33%. This produces an annualized yield of 12.14% (i.e., 5.21x 2.33%). This is because there are 5.21 periods of 70 days in a 365-day year.</p><h3><a href=\"https://laohu8.com/S/ORCL\">Oracle Corp </a></h3><p>Oracle is due to increase its dividend sometime in the next several quarters. Its free cash flow is still strong enough to allow the company to buy back $2.4 billion of its shares annually. That gives the stock a total yield of over 3.0%, including its 1.79% dividend yield, and 1.27% buyback yield.</p><p><img src=\"https://static.tigerbbs.com/b91b27426a5951fad1772fe1a760db7e\" tg-width=\"1098\" tg-height=\"299\" referrerpolicy=\"no-referrer\"/>This shows that the midprice of the $80 calls for Sept 16 is priced at 92, which gives the covered call investor a 1.28% yield on the $71.87 price of ORCL. This works out to an annualized yield of 6.67%. That is a great return for most investors.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Cheap Dividend Stocks Worth Looking At Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Cheap Dividend Stocks Worth Looking At Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-11 11:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barchart.com/story/news/9080611/3-cheap-dividend-stocks-worth-looking-at-now><strong>Barchart</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These 3 dividend stocks are worth looking at as they look pretty cheap now. Investors may want to study them as their dividends look secure  - the companies' earnings more than cover the dividend ...</p>\n\n<a href=\"https://www.barchart.com/story/news/9080611/3-cheap-dividend-stocks-worth-looking-at-now\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CI":"信诺保险","LOW":"劳氏","ORCL":"甲骨文"},"source_url":"https://www.barchart.com/story/news/9080611/3-cheap-dividend-stocks-worth-looking-at-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2250796988","content_text":"These 3 dividend stocks are worth looking at as they look pretty cheap now. Investors may want to study them as their dividends look secure  - the companies' earnings more than cover the dividend payments.Moreover, the companies are growing earnings and they produce positive free cash flow (FCF). That allows them to pay their dividends and buy back stock. That will also help push up the stock.Lowe's Companies This home building and supplies retailer just raised its dividend by 31.25% from 80 cents per quarter to $1 in May, putting it on a forward dividend yield of 2.35%. Lowe's said it was due to the strength of its cash flow.For example, in the last year, its free cash flow (FCF) was $6.835 billion, or 7.2% of its $95.5 billion in sales for the past year to the first quarter of 2022. That was more than enough to pay for the $2 billion costs of its dividends.Moreover, according to its earnings release, it spent $4.1 billion on buybacks in Q1 and expects to do $12 billion for the full year. That represents 10.6% of its market value now. It will act as a catalyst on the stock price and spur growth in the dividend per share.LOW stock is cheap at just 13.3 times this year’s forecast earnings and 12.1 times next year’s. That makes investing in its out-of-the-money calls worth looking at now.This shows that the midpoint of the $200.00 strike price for the Oct. 21, 2022 call options is at $5.53 per call. By selling those covered calls (assuming you buy 100 shares of the stock at $181.63), you can collect 3.045% in income. If held to expiration by Oct. 21, and assuming the stock does not rise to $200, you can keep all that income. It works out to an annualized yield of 10.58%, assuming it can be repeated another 3.48x in a year (i.e., 365/105 days).Cigna Corp After 17 years of paying minimal dividends, in 2021 Cigna Corp started paying a substantial dividend. It raised the dividend per share (DPS) by 12% beginning in 2022, giving it a yield of 1.65%.The company has sold off its international operations and expects to produce $8.25 billion in free cash flow (or FCF) this year alone. It also is buying back large amounts of its shares - to the tune of $5.4 billion annually. Its future dividends and buybacks make this one of the cheap dividend stocks.Here is an out-of-the-money covered call worth looking at.This shows that the midprice of the $300 strike price for the Sept. 16 calls is $6.50. That means that if you buy 100 shares of CI at $279.19, the covered call yields 2.33%. This produces an annualized yield of 12.14% (i.e., 5.21x 2.33%). This is because there are 5.21 periods of 70 days in a 365-day year.Oracle Corp Oracle is due to increase its dividend sometime in the next several quarters. Its free cash flow is still strong enough to allow the company to buy back $2.4 billion of its shares annually. That gives the stock a total yield of over 3.0%, including its 1.79% dividend yield, and 1.27% buyback yield.This shows that the midprice of the $80 calls for Sept 16 is priced at 92, which gives the covered call investor a 1.28% yield on the $71.87 price of ORCL. This works out to an annualized yield of 6.67%. That is a great return for most investors.","news_type":1,"symbols_score_info":{"CI":0.9,"ORCL":0.9,"LOW":0.9}},"isVote":1,"tweetType":1,"viewCount":545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9045403470,"gmtCreate":1656638947590,"gmtModify":1676535868763,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Yeaaaa","listText":"Yeaaaa","text":"Yeaaaa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9045403470","repostId":"2248856462","repostType":4,"repost":{"id":"2248856462","kind":"highlight","pubTimestamp":1656630900,"share":"https://ttm.financial/m/news/2248856462?lang=en_US&edition=fundamental","pubTime":"2022-07-01 07:15","market":"us","language":"en","title":"The S&P 500 Had Its Worst First Half Since 1970. What Comes Next","url":"https://stock-news.laohu8.com/highlight/detail?id=2248856462","media":"Barrons","summary":"The S&P 500 has posted its worst first half of a year since Richard Nixon’s presidency, and many inv","content":"<html><head></head><body><p>The S&amp;P 500 has posted its worst first half of a year since Richard Nixon’s presidency, and many investors worry it has yet to hit bottom.</p><p>In the first six months of 2022, the widely followed large-cap index has tumbled 20.6% amid expectations of high inflation and a hawkish Federal Reserve, whose rate-hike plans could push the U.S. economy into recession. The last time the S&amp;P 500 fell this much in the first half was in 1970, according to Dow Jones markets data.</p><p>Investor sentiment has tumbled along with stock prices, and many market analysts expect the S&amp;P 500 to slide some more.The 12 bear markets since World War II—not including the current one—lasted an average of 10 months from market peak to trough, with an average drop of 34%.If the current bear market were to follow this pattern, it wouldn’t hit bottom until October.</p><p>Even so, a rebound, when it comes, could be dramatic. Markets tend to perform the best when investors are the gloomiest.</p><p>With its 20.6% loss year to date, the S&amp;P 500 posted its fourth-worst first-half performance on record, only behind 1932, 1962, and 1970, when it lost 45.4%, 23.5%, and 21.0%, respectively.</p><p>Other corners of the stock market are suffering even more. The small-cap benchmark Russell 2000 indexis down 24% year to date, its worst first half since inception in 1984. That is a much larger drop than the previous records—the 14% fall in the first half of 2020 due to the pandemic shock and the 10% loss in the first half of 2008 amid the global financial crisis.</p><p>Meanwhile, the tech-heavy Nasdaq Composite has plunged 29.5% year to date, also the worst first half of a year on record since its inception in 1971. The sharp fall has outpaced the 25% drop in the first half of 2002 at the height of the dot-com bubble burst, and the 24% loss in the first half of 1973 after the U.S. stopped exchanging dollars for gold and saw a prolonged period of inflation.</p><p>Tech companies are experiencing a particularly steep dive, but there is hardly any corner of refuge in the stock market. The recession fear has pushed 10 out of 11 sectors into the red territory, led by consumer discretionary and communication services—things people often cut first when they need to tighten the belt. Consumer discretionary stocks in the S&amp;P 500 have fallen 33%, while communications services are down 30%.</p><p>Energy stocks were the only ones that posted gains in the first half on the back of soaring oil prices, but even that sector has lost its momentum since June. Although energy companies are still pocketing record profits today, traders are quite aware that a recession would drag down demand, curb oil prices, and cut into their earnings. The S&amp;P 500’s energy sector has tumbled 22% in the past three weeks, but still trades 28% higher than where it was at the beginning of the year.</p><p><img src=\"https://static.tigerbbs.com/c4e2b054b20b2cf34312e2f14d032869\" tg-width=\"996\" tg-height=\"647\" referrerpolicy=\"no-referrer\"/></p><p>Although the overall market has performed better in the past two weeks, many are worried that things could take a worse turn in the second half of the year.</p><p>As of last week, 59% of investors were bearish about where the market is heading in the next six months, only 18% were bullish, according to a weekly sentiment survey from the American Association of Individual Investors. The bearish reading was the sixth highest since the survey started in 1987. At the beginning of June, just 37% were bearish while 32% remained bullish.</p><p>The fear of a lower market is largely due to anticipations of weaker earnings in the coming months. According to Bank of America’s global fund manager survey in June, 72% of investors expect global profits to worsen over the next 12 months, up 6 percentage points from May and the highest level since September 2008. Investors are telling companies to “play it safe” and strengthen their balance sheets, rather than increase capital expenditure or deliver share buybacks.</p><p>“The bear market will not be over until recession arrives or the risk of one is extinguished,” wrote Morgan Stanley chief U.S. equity strategist Mike Wilson last week. A full-fledged recession could push the S&amp;P 500 to bottom near 2900, or more than 23% below its current level, according to Wilson.</p><p>Other Wall Street giants have similar expectations. Goldman Sachs strategists said stocks are only pricing in a modest recession, leaving them open to a further worsening in expectations. Bank of America said the S&amp;P 500 could bottom as low as 3000 in a worst-case scenario.</p><p>If there is any silver lining to these dim expectations, it’s worth noting that investor sentiment is often a contrarian indicator. Historically, unusually bearish sentiment—a sign of fearand cautious behaviors—tends to be followed by above-average market returns, while overly bullish sentiment—a sign of greed and risk taking—is often followed by below-average returns.</p><p>Indeed, during previous years when the S&amp;P 500 was down at least 15% at the midway point of the year, the index has finished higher in the final six months every single time, with an average return of nearly 24%. “Although most investors probably don’t feel like that is possible in 2022, just remember history says a surprise bullish move is possible,” wrote LPL Financial chief market strategist Ryan Detrick last week.</p><p>Citianalysts, for one, believe the second half of the year could bring “low double digit upside” gains in the S&amp;P 500. The market has mostly priced in the Fed’s planned rate hikes and their effects on stock valuations, wrote the analysts in a research note last week. Any signs of economic slowdown could help alleviate concerns about inflation and more hawkish Fed moves.</p><p>Meanwhile, they believe that companies should have enough pricing power to pass the rising costs to consumers, which means margins might hold up better than expected. “Better-than-feared earnings and signs of peaking rates, combined with bearish investor positioning, support a positive [second half] risk/reward set up,” they wrote.</p><p>Although Citi has lowered its year-end target for the S&amp;P 500 to 4200 from 4700, it’s still much higher than many of its peers. The index finished at 3785.38 points after Thursday’s close.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Had Its Worst First Half Since 1970. What Comes Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Had Its Worst First Half Since 1970. What Comes Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-01 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-sp500-1970-outlook-51656620380?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500 has posted its worst first half of a year since Richard Nixon’s presidency, and many investors worry it has yet to hit bottom.In the first six months of 2022, the widely followed large-cap...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-sp500-1970-outlook-51656620380?mod=hp_LEAD_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯","QQQ":"纳指100ETF"},"source_url":"https://www.barrons.com/articles/stock-market-sp500-1970-outlook-51656620380?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248856462","content_text":"The S&P 500 has posted its worst first half of a year since Richard Nixon’s presidency, and many investors worry it has yet to hit bottom.In the first six months of 2022, the widely followed large-cap index has tumbled 20.6% amid expectations of high inflation and a hawkish Federal Reserve, whose rate-hike plans could push the U.S. economy into recession. The last time the S&P 500 fell this much in the first half was in 1970, according to Dow Jones markets data.Investor sentiment has tumbled along with stock prices, and many market analysts expect the S&P 500 to slide some more.The 12 bear markets since World War II—not including the current one—lasted an average of 10 months from market peak to trough, with an average drop of 34%.If the current bear market were to follow this pattern, it wouldn’t hit bottom until October.Even so, a rebound, when it comes, could be dramatic. Markets tend to perform the best when investors are the gloomiest.With its 20.6% loss year to date, the S&P 500 posted its fourth-worst first-half performance on record, only behind 1932, 1962, and 1970, when it lost 45.4%, 23.5%, and 21.0%, respectively.Other corners of the stock market are suffering even more. The small-cap benchmark Russell 2000 indexis down 24% year to date, its worst first half since inception in 1984. That is a much larger drop than the previous records—the 14% fall in the first half of 2020 due to the pandemic shock and the 10% loss in the first half of 2008 amid the global financial crisis.Meanwhile, the tech-heavy Nasdaq Composite has plunged 29.5% year to date, also the worst first half of a year on record since its inception in 1971. The sharp fall has outpaced the 25% drop in the first half of 2002 at the height of the dot-com bubble burst, and the 24% loss in the first half of 1973 after the U.S. stopped exchanging dollars for gold and saw a prolonged period of inflation.Tech companies are experiencing a particularly steep dive, but there is hardly any corner of refuge in the stock market. The recession fear has pushed 10 out of 11 sectors into the red territory, led by consumer discretionary and communication services—things people often cut first when they need to tighten the belt. Consumer discretionary stocks in the S&P 500 have fallen 33%, while communications services are down 30%.Energy stocks were the only ones that posted gains in the first half on the back of soaring oil prices, but even that sector has lost its momentum since June. Although energy companies are still pocketing record profits today, traders are quite aware that a recession would drag down demand, curb oil prices, and cut into their earnings. The S&P 500’s energy sector has tumbled 22% in the past three weeks, but still trades 28% higher than where it was at the beginning of the year.Although the overall market has performed better in the past two weeks, many are worried that things could take a worse turn in the second half of the year.As of last week, 59% of investors were bearish about where the market is heading in the next six months, only 18% were bullish, according to a weekly sentiment survey from the American Association of Individual Investors. The bearish reading was the sixth highest since the survey started in 1987. At the beginning of June, just 37% were bearish while 32% remained bullish.The fear of a lower market is largely due to anticipations of weaker earnings in the coming months. According to Bank of America’s global fund manager survey in June, 72% of investors expect global profits to worsen over the next 12 months, up 6 percentage points from May and the highest level since September 2008. Investors are telling companies to “play it safe” and strengthen their balance sheets, rather than increase capital expenditure or deliver share buybacks.“The bear market will not be over until recession arrives or the risk of one is extinguished,” wrote Morgan Stanley chief U.S. equity strategist Mike Wilson last week. A full-fledged recession could push the S&P 500 to bottom near 2900, or more than 23% below its current level, according to Wilson.Other Wall Street giants have similar expectations. Goldman Sachs strategists said stocks are only pricing in a modest recession, leaving them open to a further worsening in expectations. Bank of America said the S&P 500 could bottom as low as 3000 in a worst-case scenario.If there is any silver lining to these dim expectations, it’s worth noting that investor sentiment is often a contrarian indicator. Historically, unusually bearish sentiment—a sign of fearand cautious behaviors—tends to be followed by above-average market returns, while overly bullish sentiment—a sign of greed and risk taking—is often followed by below-average returns.Indeed, during previous years when the S&P 500 was down at least 15% at the midway point of the year, the index has finished higher in the final six months every single time, with an average return of nearly 24%. “Although most investors probably don’t feel like that is possible in 2022, just remember history says a surprise bullish move is possible,” wrote LPL Financial chief market strategist Ryan Detrick last week.Citianalysts, for one, believe the second half of the year could bring “low double digit upside” gains in the S&P 500. The market has mostly priced in the Fed’s planned rate hikes and their effects on stock valuations, wrote the analysts in a research note last week. Any signs of economic slowdown could help alleviate concerns about inflation and more hawkish Fed moves.Meanwhile, they believe that companies should have enough pricing power to pass the rising costs to consumers, which means margins might hold up better than expected. “Better-than-feared earnings and signs of peaking rates, combined with bearish investor positioning, support a positive [second half] risk/reward set up,” they wrote.Although Citi has lowered its year-end target for the S&P 500 to 4200 from 4700, it’s still much higher than many of its peers. The index finished at 3785.38 points after Thursday’s close.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,"QQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035706429,"gmtCreate":1647667196701,"gmtModify":1676534257517,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Sigh&nbsp;","listText":"Sigh&nbsp;","text":"Sigh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035706429","repostId":"2220777059","repostType":4,"isVote":1,"tweetType":1,"viewCount":1056,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889338229,"gmtCreate":1631108941161,"gmtModify":1676530469978,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Oh no&nbsp;","listText":"Oh no&nbsp;","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/889338229","repostId":"1154837170","repostType":4,"repost":{"id":"1154837170","kind":"news","pubTimestamp":1631090918,"share":"https://ttm.financial/m/news/1154837170?lang=en_US&edition=fundamental","pubTime":"2021-09-08 16:48","market":"us","language":"en","title":"Bitcoin Endured a Rocky Day. What's Behind the Selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=1154837170","media":"Barron's","summary":"It should have been a happy day for Bitcoin, but it’s turned into a rout.Bitcoin  was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to $42,900 this morning. Bitcoin had been above $52,800 before the selloff.Other cryptos were also ailing, including Ethereum , down 12% to $3,460.The selloff may reflect profit-taking after prices started rising in late July. Bitcoin had gained more than 50% since late July when it traded around $34,000. Ethereum ","content":"<p>It should have been a happy day for Bitcoin, but it’s turned into a rout.</p>\n<p>Bitcoin (ticker: BTC) was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to $42,900 this morning. Bitcoin had been above $52,800 before the selloff.</p>\n<p>Other cryptos were also ailing, including Ethereum (ETH), down 12% to $3,460.</p>\n<p>The selloff may reflect profit-taking after prices started rising in late July. Bitcoin had gained more than 50% since late July when it traded around $34,000. Ethereum has also been flying, following a technical upgrade in its underlying blockchain network.</p>\n<p>The down day may also reflect a “sell the news” dynamic after El Salvador became the first country to adopt Bitcoin as legal tender, alongside the dollar– the country’s other official currency.</p>\n<p>Merchants in El Salvador are now supposed to accept Bitcoin for goods and services. Citizens have been promised $30 worth of Bitcoin in their digital wallets by the government. McDonald’s has started accepting Bitcoin in El Salvador, according to Reuters. And the government of president Nayib Bukele has been buying Bitcoin, including at least $20 million worth, ahead of the official launch.</p>\n<p>But El Salvador’s crypto experiment isn’t sitting well with organizations like the International Monetary Fund and World Bank, which have warned El Salvador that its adoption as legal tender could imperil financial stability. Other countries are cracking down on crypto transactions, mining, and exchanges, indicating that El Salvador may be an outlier for now.</p>\n<p>Crypto watchers are also blaming technical factors for the market downturn. Assuming prices don’t suddenly surge, Bitcoin is now in for “outside-down” day, says Katie Stockton, founder and managing partner of Fairlead Strategies, a crypto-trading research firm. The means Bitcoin is trading in a wider range and headed for a lower close than yesterday (assuming a 5 p.m. cutoff, though it trades 24 hours).</p>\n<p>“The implications are for additional consolidation,” she says. So far, the selloff looks like a minor setback, she adds, since Bitcoin hasn’t breached its 50-day moving average around $44,000, which is its next support level.</p>\n<p>“A breach of $44,000 isn’t a breakdown,” she says. “It’s a test of the 50-day moving average. “There is strong support for Bitcoin and most crytpos pretty close to their current lows.”</p>\n<p>Other factors that may have contributed to the selloff include reports of outages and “unscheduled maintenance” at Bitfinix, a leading crypto exchange. Coinbase Global (ticker: COIN) also experienced a spike in outages around noon, according to Downdetector.</p>\n<p>Even if prices stabilize from here, it’s a reminder that Bitcoin and other cryptos remain vulnerable to rapid-fire declines. While you may be able to buy a Big Mac with a sliver of Bitcoin in San Salvador, you may be better off keeping it in your digital wallet–or not–depending on the time of day.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Endured a Rocky Day. What's Behind the Selloff</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\">\nBitcoin Endured a Rocky Day. What's Behind the Selloff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 16:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/bitcoin-crypto-prices-drop-today-51631048243?mod=hp_LEAD_1><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It should have been a happy day for Bitcoin, but it’s turned into a rout.\nBitcoin (ticker: BTC) was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to...</p>\n\n<a href=\"https://www.barrons.com/articles/bitcoin-crypto-prices-drop-today-51631048243?mod=hp_LEAD_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.barrons.com/articles/bitcoin-crypto-prices-drop-today-51631048243?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154837170","content_text":"It should have been a happy day for Bitcoin, but it’s turned into a rout.\nBitcoin (ticker: BTC) was trading was around $47,000 on Tuesday afternoon, down 9% in the last 24 hours, after dipping down to $42,900 this morning. Bitcoin had been above $52,800 before the selloff.\nOther cryptos were also ailing, including Ethereum (ETH), down 12% to $3,460.\nThe selloff may reflect profit-taking after prices started rising in late July. Bitcoin had gained more than 50% since late July when it traded around $34,000. Ethereum has also been flying, following a technical upgrade in its underlying blockchain network.\nThe down day may also reflect a “sell the news” dynamic after El Salvador became the first country to adopt Bitcoin as legal tender, alongside the dollar– the country’s other official currency.\nMerchants in El Salvador are now supposed to accept Bitcoin for goods and services. Citizens have been promised $30 worth of Bitcoin in their digital wallets by the government. McDonald’s has started accepting Bitcoin in El Salvador, according to Reuters. And the government of president Nayib Bukele has been buying Bitcoin, including at least $20 million worth, ahead of the official launch.\nBut El Salvador’s crypto experiment isn’t sitting well with organizations like the International Monetary Fund and World Bank, which have warned El Salvador that its adoption as legal tender could imperil financial stability. Other countries are cracking down on crypto transactions, mining, and exchanges, indicating that El Salvador may be an outlier for now.\nCrypto watchers are also blaming technical factors for the market downturn. Assuming prices don’t suddenly surge, Bitcoin is now in for “outside-down” day, says Katie Stockton, founder and managing partner of Fairlead Strategies, a crypto-trading research firm. The means Bitcoin is trading in a wider range and headed for a lower close than yesterday (assuming a 5 p.m. cutoff, though it trades 24 hours).\n“The implications are for additional consolidation,” she says. So far, the selloff looks like a minor setback, she adds, since Bitcoin hasn’t breached its 50-day moving average around $44,000, which is its next support level.\n“A breach of $44,000 isn’t a breakdown,” she says. “It’s a test of the 50-day moving average. “There is strong support for Bitcoin and most crytpos pretty close to their current lows.”\nOther factors that may have contributed to the selloff include reports of outages and “unscheduled maintenance” at Bitfinix, a leading crypto exchange. Coinbase Global (ticker: COIN) also experienced a spike in outages around noon, according to Downdetector.\nEven if prices stabilize from here, it’s a reminder that Bitcoin and other cryptos remain vulnerable to rapid-fire declines. While you may be able to buy a Big Mac with a sliver of Bitcoin in San Salvador, you may be better off keeping it in your digital wallet–or not–depending on the time of day.","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177172138,"gmtCreate":1627191007224,"gmtModify":1703485372374,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"just wait ☺️","listText":"just wait ☺️","text":"just wait ☺️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/177172138","repostId":"1176552691","repostType":4,"repost":{"id":"1176552691","kind":"news","pubTimestamp":1627183789,"share":"https://ttm.financial/m/news/1176552691?lang=en_US&edition=fundamental","pubTime":"2021-07-25 11:29","market":"us","language":"en","title":"Is IBM Stock Undervalued Or Overvalued? What To Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=1176552691","media":"seekingalpha","summary":"Summary\n\nIBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.","content":"<p><b>Summary</b></p>\n<ul>\n <li>IBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.</li>\n <li>Prior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 quarters.</li>\n <li>More transparency is needed regarding the Kyndryl spinoff.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c798e0536c6804d44b195f6f349fab5\" tg-width=\"1536\" tg-height=\"1044\" width=\"100%\" height=\"auto\"><span>Ethan Miller/Getty Images News</span></p>\n<p>International Business Machines Corporation (IBM) is a company in transition. Unfortunately for investors, the transition has been in place for the better part of a decade. Those turnaround efforts include investments in cloud computing and artificial intelligence and the divestiture of legacy businesses. While there are now signs of green shoots, it is yet to be seen as to whether the seeds sown have fallen on rocky ground.</p>\n<p>Although the company has a rapidly growing business in hybrid cloud offerings, and a potential growth engine in quantum computing, it faces intense competition in the former industry and uncertain prospects in the latter. Most of the firm’s other businesses are in the doldrums, so IBM’s growth prospects are opaque.</p>\n<p>What is certain is that as of today, IBM has a reasonable and diminishing debt load and strong free cash flow.</p>\n<p>Management is attempting to address growth concerns in part by focusing on the firm’s cloud offerings, while it spins off its managed infrastructure business. That company will be named Kyndryl. However, the debt which the new entity will shoulder, along with the portion of the current dividend that it will carry, has not been divulged.</p>\n<p><b>Recent Quarterly Results</b></p>\n<p>IBM&nbsp;reported&nbsp;Q2 results last Monday. With non-GAAP EPS of $2.33, the company beat estimates by $0.04.</p>\n<p>Revenue of $18.7 billion was flat when adjusted for currency and divestitures.</p>\n<p>The negative side of the report had Systems revenue declining by 7%. However, this was largely due to the normal IBM Z mainframe cycle, down 13% year over year.</p>\n<p>The global financing division, which represents a low single digit percentage of overall revenues, was down 9%. Global technology services, which represents roughly a third of overall revenue and will largely be spun off as Kyndryl, had flattish growth.</p>\n<p>The positive side of the report had Cloud &amp; Cognitive Software cloud revenue up 29% and Global Business Services cloud revenue up 35%. Total cloud revenue of $27 billion increased by 15% over the last 12 months, while cloud revenue grew 13% in the quarter to $7.0 billion.</p>\n<p>Net cash from operating activities hit $17.7 billion, and adjusted free cash flow totaled $11 billion over the last 12 months.</p>\n<p>Since year-end 2020, the company has reduced debt by $6.4 billion.</p>\n<p>Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021.</p>\n<p><b>Where IBM Stands Tall</b></p>\n<p>IBM is viewed by many as at best a third rate IT company and at worst as a dinosaur, headed towards extinction.</p>\n<p>It is evident that the company’s revenues have declined for years; however, to accurately assess the stock, investors must understand that IBM’s legacy businesses have many strengths.</p>\n<p>For example, IBM is the world’s largest IT services company and the dominant provider of mainframes. Among the Fortune 50 companies, 47 are IBM clients.</p>\n<p>Half of the world’s wireless connections are handled by the firm.</p>\n<p>IBM's mainframe systems process nearly 90% of the globe’s credit card transactions, and 97% of the world's largest banks rely on IBM products and services. Consequently, twenty-nine billion ATM transactions are processed annually using IBM systems.</p>\n<p>Eight out of 10 global retailers rely on IBM products and services while 80% of the travel industry's reservations run through IBM systems. That results in 4 billion flight reservations being processed using the company’s IT services.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ace4f1436fd2697c5ad266b5017e1dd\" tg-width=\"960\" tg-height=\"721\" width=\"100%\" height=\"auto\"><span>Source: Forbes</span></p>\n<p>It is evident that IBM has a massive customer base that provides large scale recurring revenues. In many cases, moving to competitors' offerings would mean risking the transfer of sensitive information, a move many are not willing to take.</p>\n<p>However, with the transition to cloud services and open source software, there is an increased adoption by firms of mix and match IT infrastructures. In turn, this is eroding IBM’s competitive advantage associated with customer switching costs.</p>\n<p><b>The Sources Of Potential Growth</b></p>\n<p>Investors are generally aware of IBM's effort to drive growth through its hybrid cloud offerings. However, when questioned at JPMorgan’s recent investor conference, CFO Jim Kavanaugh&nbsp;provided insight&nbsp;into how hybrid cloud drives revenue in some of IBM’s other divisions.</p>\n<blockquote>\n For every $1 (in business) we land on a hybrid cloud platform, we see $3 to $5 of software drag and $6 to $8 of services drag overall.\n</blockquote>\n<p>Of course, Kavanaugh is using drag to refer to increased revenue in software and services associated with adoption of IBM’s hybrid cloud. If Kavanaugh’s claims are accurate, that means every dollar spent on the company’s hybrid cloud platform translates into $9 to $13 in additional revenue from the firm’s software and services offerings.</p>\n<p>Because hybrid cloud uses a mix of on-premises private cloud and public cloud services, it offers clients a degree of data privacy. This is of particular concern for customers in healthcare and financial services. Consequently, I would posit that IBM might have an advantage in competing with other hybrid cloud providers as it has extensive relationships within those industries.</p>\n<p>I reviewed a variety of prognostications regarding projected growth rates for the hybrid cloud market. The most recent study, which also falls in the middle of other predictions, is by Mordor Intelligence. That firm&nbsp;forecasts&nbsp;a CAGR of 18.73% from 2021 through 2026.</p>\n<p>Investors should be aware that the major operators in this space are Cisco (CSCO), Hewlett Packard (HPE), Amazon (AMZN), Citrix Systems (CTXS), and IBM.</p>\n<p>The following chart provides a record of the firm’s total cloud growth over the last six quarters.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fc85156e70f6caf8ae809f76126a723\" tg-width=\"576\" tg-height=\"336\" width=\"100%\" height=\"auto\"><span>Source: Company reports / Chart by Author</span></p>\n<p>Aside from cloud, there is another source of potential growth, although it is unlikely to materialize soon.</p>\n<p>Early in 2019, IBM&nbsp;introduced&nbsp;the Q System One. IBM Q systems are the world's first quantum computer designed for scientific and commercial use.</p>\n<p>Pardon the pun, but quantum computers represent a quantum leap in technology. Prescient And Strategic Intelligence&nbsp;forecasts&nbsp;a CAGR of 56% for the industry through 2030 with the quantum computer market share reaching nearly $65 billion.</p>\n<p>For additional insights regarding quantum computing and IBM’s position within that industry, I point you to&nbsp;my article, “IBM: Why My Eye Is Fixed On Big Blue.”</p>\n<p><b>Understanding Kyndryl</b></p>\n<p>Once&nbsp;Kyndryl&nbsp;is launched, it will have more than 90,000 employees and more than 4,600 customers in 115 countries. With a $60 billion services backlog, the new entity will begin with projected revenues of $19 billion. At twice the size of its closest competitor, the company will be the world’s largest managed infrastructure services provider.</p>\n<p>The split will&nbsp;transform&nbsp;IBM from a company that pulls half of its revenue from services to a firm with its software and solutions businesses generating over half of its revenue on a recurring basis.</p>\n<p>Global Business Services, which currently constitutes 22% of the company’s revenue, will&nbsp;account&nbsp;for over 40% of sales. Here it is important to note that the division grew revenue by 12% year over year in the last quarter.</p>\n<p>IBM will retain Red Hat and its solution provider business, the systems businesses, and its mission-critical public cloud service, and a software portfolio focused on big data, AI, and security.</p>\n<p>Initially, the two companies will each be the largest customer of the other.</p>\n<p>What remains to be known regarding the spinoff is how much debt each company will shoulder, and the share of the dividend that the companies will pay. Krishna stated the two companies will work together to sustain the current payout level.</p>\n<p><b>Has IBM Turned The Corner?</b></p>\n<p>Anyone who follows IBM knows the company has experienced an extended period of poor results. The following chart provides a record of the firm’s quarterly FCF over the last fourteen quarters.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60cc8b82052f97dd449205999ee30711\" tg-width=\"577\" tg-height=\"337\" width=\"100%\" height=\"auto\"><span>Source: Data from ycharts / chart by author</span></p>\n<p>While this is not proof positive that the company is back on track, the recent trend is at least encouraging.</p>\n<p>In 2020, IBM generated $10.8 billion in free cash flow. Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021. This excludes $3 billion in structural impacts related to the Kyndryl spinoff.</p>\n<p>The CEO&nbsp;recently stated&nbsp;he expects IBM to generate $12 billion to $13 billion in FCF in 2022.</p>\n<p><b>Debt And Dividend</b></p>\n<p>While investors can rightfully complain of a variety of management moves over the years, the firm has maintained a reasonable debt profile while engaging in a number of acquisitions.</p>\n<p>The company has reduced the debt by roughly $18 billion since its peak in mid-2019. IBM maintains an investment level credit rating, and the following chart provides a record of the company’s progress paying down debt of late.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b73e613157c486a5f5e8306546121971\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Source: IBM Presentation</span></p>\n<p>IBM has a yield of 4.64%, a payout ratio a bit below 61%, and a 5 year dividend growth rate of 4.26%. As previously noted, following the spinoff of Kyndryl, the two companies will team to provide a payout equivalent to the current dividend.</p>\n<p><b>Is IBM Stock Overvalued?</b></p>\n<p>IBM shares trade for $141.13. The average 12 month price target of 8 analysts is $153.50. The price target of the 3 analysts rating the stock since the last earnings report is $151.33.</p>\n<p>IBM has a P/E of 24.05x and a forward P/E of 17.67x. This compares to its five year averages of 16.42x and 13.25x respectively. It is well below the sector average which is in the low thirties for both metrics.</p>\n<p>The 3 to 5 year PEG provided by Seeking Alpha Premium is 1.16x. Schwab calculates a PEG of 1.49x, and Yahoo does not provide a PEG ratio.</p>\n<p>I believe the current P/E ratios for the stock reflect investors anticipating increased growth for IBM once the spinoff is complete. The PEG ratios show the stock is reasonably valued.</p>\n<p><b>Is IBM Stock A Good Long-Term Investment?</b></p>\n<p>IBM has an entrenched but evolving position among many of the largest companies on the globe. Unfortunately, the cloud, which is seen as the company’s primary avenue for growth, could also lead to a slow deterioration in some of the firm’s legacy businesses.</p>\n<p>That the cloud business has been growing at a rapid pace is manifest: IBM can now boast of over 3,200 clients using the firm’s hybrid cloud platform. That is nearly four times the number just prior to the Red Hat acquisition.</p>\n<p>If management’s claims are accurate, the hybrid cloud platform will create robust growth in the software and services division’s revenues. When combined with the spinoff of Kyndryl’s slow growing managed infrastructure services business, it is reasonable to believe IBM will witness increased growth.</p>\n<p>IBM has a solid balance sheet, a robust yield, and when viewed using PEG ratios as a basis for valuing the stock, the shares are trading at a bit of a discount.</p>\n<p>All considered, I rate IBM as a BUY.</p>\n<p>I think the worst case short to mid-term scenario is that the company experiences slow growth while investors collect a rather robust dividend.</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>Is IBM Stock Undervalued Or Overvalued? 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What To Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-25 11:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4440996-is-ibm-stock-undervalued-overvalued><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.\nPrior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 ...</p>\n\n<a href=\"https://seekingalpha.com/article/4440996-is-ibm-stock-undervalued-overvalued\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM"},"source_url":"https://seekingalpha.com/article/4440996-is-ibm-stock-undervalued-overvalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176552691","content_text":"Summary\n\nIBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.\nPrior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 quarters.\nMore transparency is needed regarding the Kyndryl spinoff.\n\nEthan Miller/Getty Images News\nInternational Business Machines Corporation (IBM) is a company in transition. Unfortunately for investors, the transition has been in place for the better part of a decade. Those turnaround efforts include investments in cloud computing and artificial intelligence and the divestiture of legacy businesses. While there are now signs of green shoots, it is yet to be seen as to whether the seeds sown have fallen on rocky ground.\nAlthough the company has a rapidly growing business in hybrid cloud offerings, and a potential growth engine in quantum computing, it faces intense competition in the former industry and uncertain prospects in the latter. Most of the firm’s other businesses are in the doldrums, so IBM’s growth prospects are opaque.\nWhat is certain is that as of today, IBM has a reasonable and diminishing debt load and strong free cash flow.\nManagement is attempting to address growth concerns in part by focusing on the firm’s cloud offerings, while it spins off its managed infrastructure business. That company will be named Kyndryl. However, the debt which the new entity will shoulder, along with the portion of the current dividend that it will carry, has not been divulged.\nRecent Quarterly Results\nIBM reported Q2 results last Monday. With non-GAAP EPS of $2.33, the company beat estimates by $0.04.\nRevenue of $18.7 billion was flat when adjusted for currency and divestitures.\nThe negative side of the report had Systems revenue declining by 7%. However, this was largely due to the normal IBM Z mainframe cycle, down 13% year over year.\nThe global financing division, which represents a low single digit percentage of overall revenues, was down 9%. Global technology services, which represents roughly a third of overall revenue and will largely be spun off as Kyndryl, had flattish growth.\nThe positive side of the report had Cloud & Cognitive Software cloud revenue up 29% and Global Business Services cloud revenue up 35%. Total cloud revenue of $27 billion increased by 15% over the last 12 months, while cloud revenue grew 13% in the quarter to $7.0 billion.\nNet cash from operating activities hit $17.7 billion, and adjusted free cash flow totaled $11 billion over the last 12 months.\nSince year-end 2020, the company has reduced debt by $6.4 billion.\nManagement guides for adjusted free cash flow of $11 billion to $12 billion in 2021.\nWhere IBM Stands Tall\nIBM is viewed by many as at best a third rate IT company and at worst as a dinosaur, headed towards extinction.\nIt is evident that the company’s revenues have declined for years; however, to accurately assess the stock, investors must understand that IBM’s legacy businesses have many strengths.\nFor example, IBM is the world’s largest IT services company and the dominant provider of mainframes. Among the Fortune 50 companies, 47 are IBM clients.\nHalf of the world’s wireless connections are handled by the firm.\nIBM's mainframe systems process nearly 90% of the globe’s credit card transactions, and 97% of the world's largest banks rely on IBM products and services. Consequently, twenty-nine billion ATM transactions are processed annually using IBM systems.\nEight out of 10 global retailers rely on IBM products and services while 80% of the travel industry's reservations run through IBM systems. That results in 4 billion flight reservations being processed using the company’s IT services.\nSource: Forbes\nIt is evident that IBM has a massive customer base that provides large scale recurring revenues. In many cases, moving to competitors' offerings would mean risking the transfer of sensitive information, a move many are not willing to take.\nHowever, with the transition to cloud services and open source software, there is an increased adoption by firms of mix and match IT infrastructures. In turn, this is eroding IBM’s competitive advantage associated with customer switching costs.\nThe Sources Of Potential Growth\nInvestors are generally aware of IBM's effort to drive growth through its hybrid cloud offerings. However, when questioned at JPMorgan’s recent investor conference, CFO Jim Kavanaugh provided insight into how hybrid cloud drives revenue in some of IBM’s other divisions.\n\n For every $1 (in business) we land on a hybrid cloud platform, we see $3 to $5 of software drag and $6 to $8 of services drag overall.\n\nOf course, Kavanaugh is using drag to refer to increased revenue in software and services associated with adoption of IBM’s hybrid cloud. If Kavanaugh’s claims are accurate, that means every dollar spent on the company’s hybrid cloud platform translates into $9 to $13 in additional revenue from the firm’s software and services offerings.\nBecause hybrid cloud uses a mix of on-premises private cloud and public cloud services, it offers clients a degree of data privacy. This is of particular concern for customers in healthcare and financial services. Consequently, I would posit that IBM might have an advantage in competing with other hybrid cloud providers as it has extensive relationships within those industries.\nI reviewed a variety of prognostications regarding projected growth rates for the hybrid cloud market. The most recent study, which also falls in the middle of other predictions, is by Mordor Intelligence. That firm forecasts a CAGR of 18.73% from 2021 through 2026.\nInvestors should be aware that the major operators in this space are Cisco (CSCO), Hewlett Packard (HPE), Amazon (AMZN), Citrix Systems (CTXS), and IBM.\nThe following chart provides a record of the firm’s total cloud growth over the last six quarters.\nSource: Company reports / Chart by Author\nAside from cloud, there is another source of potential growth, although it is unlikely to materialize soon.\nEarly in 2019, IBM introduced the Q System One. IBM Q systems are the world's first quantum computer designed for scientific and commercial use.\nPardon the pun, but quantum computers represent a quantum leap in technology. Prescient And Strategic Intelligence forecasts a CAGR of 56% for the industry through 2030 with the quantum computer market share reaching nearly $65 billion.\nFor additional insights regarding quantum computing and IBM’s position within that industry, I point you to my article, “IBM: Why My Eye Is Fixed On Big Blue.”\nUnderstanding Kyndryl\nOnce Kyndryl is launched, it will have more than 90,000 employees and more than 4,600 customers in 115 countries. With a $60 billion services backlog, the new entity will begin with projected revenues of $19 billion. At twice the size of its closest competitor, the company will be the world’s largest managed infrastructure services provider.\nThe split will transform IBM from a company that pulls half of its revenue from services to a firm with its software and solutions businesses generating over half of its revenue on a recurring basis.\nGlobal Business Services, which currently constitutes 22% of the company’s revenue, will account for over 40% of sales. Here it is important to note that the division grew revenue by 12% year over year in the last quarter.\nIBM will retain Red Hat and its solution provider business, the systems businesses, and its mission-critical public cloud service, and a software portfolio focused on big data, AI, and security.\nInitially, the two companies will each be the largest customer of the other.\nWhat remains to be known regarding the spinoff is how much debt each company will shoulder, and the share of the dividend that the companies will pay. Krishna stated the two companies will work together to sustain the current payout level.\nHas IBM Turned The Corner?\nAnyone who follows IBM knows the company has experienced an extended period of poor results. The following chart provides a record of the firm’s quarterly FCF over the last fourteen quarters.\nSource: Data from ycharts / chart by author\nWhile this is not proof positive that the company is back on track, the recent trend is at least encouraging.\nIn 2020, IBM generated $10.8 billion in free cash flow. Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021. This excludes $3 billion in structural impacts related to the Kyndryl spinoff.\nThe CEO recently stated he expects IBM to generate $12 billion to $13 billion in FCF in 2022.\nDebt And Dividend\nWhile investors can rightfully complain of a variety of management moves over the years, the firm has maintained a reasonable debt profile while engaging in a number of acquisitions.\nThe company has reduced the debt by roughly $18 billion since its peak in mid-2019. IBM maintains an investment level credit rating, and the following chart provides a record of the company’s progress paying down debt of late.\nSource: IBM Presentation\nIBM has a yield of 4.64%, a payout ratio a bit below 61%, and a 5 year dividend growth rate of 4.26%. As previously noted, following the spinoff of Kyndryl, the two companies will team to provide a payout equivalent to the current dividend.\nIs IBM Stock Overvalued?\nIBM shares trade for $141.13. The average 12 month price target of 8 analysts is $153.50. The price target of the 3 analysts rating the stock since the last earnings report is $151.33.\nIBM has a P/E of 24.05x and a forward P/E of 17.67x. This compares to its five year averages of 16.42x and 13.25x respectively. It is well below the sector average which is in the low thirties for both metrics.\nThe 3 to 5 year PEG provided by Seeking Alpha Premium is 1.16x. Schwab calculates a PEG of 1.49x, and Yahoo does not provide a PEG ratio.\nI believe the current P/E ratios for the stock reflect investors anticipating increased growth for IBM once the spinoff is complete. The PEG ratios show the stock is reasonably valued.\nIs IBM Stock A Good Long-Term Investment?\nIBM has an entrenched but evolving position among many of the largest companies on the globe. Unfortunately, the cloud, which is seen as the company’s primary avenue for growth, could also lead to a slow deterioration in some of the firm’s legacy businesses.\nThat the cloud business has been growing at a rapid pace is manifest: IBM can now boast of over 3,200 clients using the firm’s hybrid cloud platform. That is nearly four times the number just prior to the Red Hat acquisition.\nIf management’s claims are accurate, the hybrid cloud platform will create robust growth in the software and services division’s revenues. When combined with the spinoff of Kyndryl’s slow growing managed infrastructure services business, it is reasonable to believe IBM will witness increased growth.\nIBM has a solid balance sheet, a robust yield, and when viewed using PEG ratios as a basis for valuing the stock, the shares are trading at a bit of a discount.\nAll considered, I rate IBM as a BUY.\nI think the worst case short to mid-term scenario is that the company experiences slow growth while investors collect a rather robust dividend.","news_type":1,"symbols_score_info":{"IBM":0.9}},"isVote":1,"tweetType":1,"viewCount":549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023064921,"gmtCreate":1652837863463,"gmtModify":1676535172325,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023064921","repostId":"2236412892","repostType":4,"repost":{"id":"2236412892","kind":"highlight","pubTimestamp":1652837737,"share":"https://ttm.financial/m/news/2236412892?lang=en_US&edition=fundamental","pubTime":"2022-05-18 09:35","market":"us","language":"en","title":"AMD's Stock Pullback and PC Strength Make It a Buy, Analyst Says","url":"https://stock-news.laohu8.com/highlight/detail?id=2236412892","media":"Barrons","summary":"Advanced Micro Devices' strength in the personal-computer market coupled with the stock pullback tur","content":"<html><head></head><body><p>Advanced Micro Devices&#39; strength in the personal-computer market coupled with the stock pullback turned Piper Sandler analyst Harsh Kumar bullish on the stock.</p><p>The analyst upgraded his rating to Overweight from Neutral and lifted the price target on the stock to $140 from $98.</p><p>Shares of AMD (ticker: AMD) are down more than 34% year-to-date to $97.85, even while &#34;the company&#39;s core businesses are running really well,&#34; Kumar said.</p><p>&#34;We are using the recent price action to get constructive on the name again, as our downgrade thesis of a slowing PC market and the lack of near-term accretion from Xilinx doesn&#39;t appear to be playing out as expected,&#34; Kumar said in a note on Tuesday.</p><p>Chip maker  Xilinx was acquired by the semiconductor company in February. The asset appears to be making a solid contribution right out of the gate, with three quarters of over 20% growth, the analyst said.</p><p>On the PC front, several analysts have cut ratings on tech names as the overall PC market is experiencing some softness. Last month, research firm IDC said worldwide shipments for personal computers fell 5% year over year in the March quarter due to lower consumer demand and supply-chain issues. Morgan Stanley analyst Erik Woodring had cut his ratings on  Dell Technologies to Equal Weight from Overweight, and HP to Underweight from Equal Weight in March.</p><p>Kumar, who had downgraded AMD in January, now feels the weakness in the PC market is mostly coming from the consumer side and hence, AMD&#39;s push into the commercial market has come at the right time.</p><p>AMD, in its recent earnings release, said it is focusing more on the stronger commercial and higher-end portion of the PC business and was less affected by the overall PC market softness. Earnings per share of $1.13 in the March quarter were higher than the estimate of 91 cents, according to FactSet data. Revenue -- including Xilinx -- was $5.9 billion, above analysts&#39; expectations of $5.01 billion.</p><p>AMD stock rose 8.7% on Tuesday.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMD's Stock Pullback and PC Strength Make It a Buy, Analyst Says</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\">\nAMD's Stock Pullback and PC Strength Make It a Buy, Analyst Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-18 09:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/amd-stock-down-slowing-pc-market-51652791925?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Advanced Micro Devices' strength in the personal-computer market coupled with the stock pullback turned Piper Sandler analyst Harsh Kumar bullish on the stock.The analyst upgraded his rating to ...</p>\n\n<a href=\"https://www.barrons.com/articles/amd-stock-down-slowing-pc-market-51652791925?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司"},"source_url":"https://www.barrons.com/articles/amd-stock-down-slowing-pc-market-51652791925?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236412892","content_text":"Advanced Micro Devices' strength in the personal-computer market coupled with the stock pullback turned Piper Sandler analyst Harsh Kumar bullish on the stock.The analyst upgraded his rating to Overweight from Neutral and lifted the price target on the stock to $140 from $98.Shares of AMD (ticker: AMD) are down more than 34% year-to-date to $97.85, even while \"the company's core businesses are running really well,\" Kumar said.\"We are using the recent price action to get constructive on the name again, as our downgrade thesis of a slowing PC market and the lack of near-term accretion from Xilinx doesn't appear to be playing out as expected,\" Kumar said in a note on Tuesday.Chip maker  Xilinx was acquired by the semiconductor company in February. The asset appears to be making a solid contribution right out of the gate, with three quarters of over 20% growth, the analyst said.On the PC front, several analysts have cut ratings on tech names as the overall PC market is experiencing some softness. Last month, research firm IDC said worldwide shipments for personal computers fell 5% year over year in the March quarter due to lower consumer demand and supply-chain issues. Morgan Stanley analyst Erik Woodring had cut his ratings on  Dell Technologies to Equal Weight from Overweight, and HP to Underweight from Equal Weight in March.Kumar, who had downgraded AMD in January, now feels the weakness in the PC market is mostly coming from the consumer side and hence, AMD's push into the commercial market has come at the right time.AMD, in its recent earnings release, said it is focusing more on the stronger commercial and higher-end portion of the PC business and was less affected by the overall PC market softness. Earnings per share of $1.13 in the March quarter were higher than the estimate of 91 cents, according to FactSet data. Revenue -- including Xilinx -- was $5.9 billion, above analysts' expectations of $5.01 billion.AMD stock rose 8.7% on Tuesday.","news_type":1,"symbols_score_info":{"AMD":1}},"isVote":1,"tweetType":1,"viewCount":407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9087301121,"gmtCreate":1650947635390,"gmtModify":1676534821707,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Huh","listText":"Huh","text":"Huh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9087301121","repostId":"2230127348","repostType":4,"isVote":1,"tweetType":1,"viewCount":856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080511323,"gmtCreate":1649897753594,"gmtModify":1676534601292,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080511323","repostId":"2227485446","repostType":4,"repost":{"id":"2227485446","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":1649889604,"share":"https://ttm.financial/m/news/2227485446?lang=en_US&edition=fundamental","pubTime":"2022-04-14 06:40","market":"us","language":"en","title":"Wall Street Surges in Growth Stocks Rally; Earnings Season Opens","url":"https://stock-news.laohu8.com/highlight/detail?id=2227485446","media":"Reuters","summary":"* Strong outlook from Delta Air Lines lifts other airlines* JPMorgan down after profit falls 42%* PP","content":"<html><head></head><body><p>* Strong outlook from Delta Air Lines lifts other airlines</p><p>* JPMorgan down after profit falls 42%</p><p>* PPI up 11.2% year-on-year, hotter than 10.6% est</p><p>* Indexes up: Dow 1.01%, S&amp;P 1.12%, Nasdaq 2.03%</p><p>NEW YORK, April 13 (Reuters) - Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results.</p><p>Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors    outperforming the broader market.</p><p>The Nasdaq jumped over 2% while the S&amp;P 500 and the Dow gained more than 1%.</p><p>&#34;Bond yields may have gotten ahead of themselves and they&#39;re dropping lower today,&#34; said David Carter, managing director at Wealthspire Advisors in New York. &#34;This helps almost all equities, but particularly growthy areas like tech.&#34;</p><p>JPMorgan Chase &amp; Co set the first-quarter earnings season off to an inauspicious start, reporting a 42% drop in quarterly profit. The downbeat results from the biggest U.S. lender sent its shares down 3.2%.</p><p>On the brighter side, Delta Air Lines&#39; results beat expectations and it forecast a current-quarter return to profit due to &#34;historically high&#34; demand. Its 6.2% share jump was contagious; the broader S&amp;P 1500 airline index surged 6.8%.</p><p>&#34;It’s great that demand is so strong,&#34; Carter added. &#34;However, drive inflation higher, which will force the Fed to continue to raise rates, resulting in a weaker stock market.&#34;</p><p>&#34;Business is good. Almost too good.&#34;</p><p>Strong demand also drove the Labor Department&#39;s producer price index to a blistering 11.2% year-on-year growth rate, the hottest annual reading since the Labor Department started tracking annual data in 2010.</p><p>Core PPI and other major indicators have risen beyond the Federal Reserve&#39;s average annual 2% inflation target.</p><p>Minutes from the most recent Fed policy meeting and subsequent remarks from its members have market participants setting easy odds for a series of 50-basis-point interest rate hikes in the coming months, as the central bank treads the delicate tightrope of curbing inflation without provoking a recession.</p><p>&#34;It&#39;s obvious now that the Fed is singing off the same song sheet, more tightening is coming,&#34; Carter said. &#34;Much of this, however, is priced in and expected.&#34;</p><p>The Dow Jones Industrial Average rose 344.23 points, or 1.01%, to 34,564.59, the S&amp;P 500 gained 49.14 points, or 1.12%, to 4,446.59 and the Nasdaq Composite added 272.02 points, or 2.03%, to 13,643.59.</p><p>Among the 11 major sectors of the S&amp;P 500, consumer discretionary stocks enjoyed the largest percentage gains, jumping 2.5%.</p><p>Analyst estimates for the corporate earnings season have grown less optimistic. Aggregate annual S&amp;P 500 earnings growth for the first three quarters of 2022 is estimated at 5.4% as of Wednesday, down from 7.5% at the beginning of the year.</p><p>On Thursday, the holiday-shortened week will end with results from a swath of big banks, including Morgan Stanley, Citigroup Inc, Goldman Sachs Group Inc, and Wells Fargo &amp; Co.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 48 new highs and 168 new lows.</p><p>Volume on U.S. exchanges was 10.52 billion shares, compared with the 12.33 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Surges in Growth Stocks Rally; Earnings Season Opens</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\">\nWall Street Surges in Growth Stocks Rally; Earnings Season Opens\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-14 06:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Strong outlook from Delta Air Lines lifts other airlines</p><p>* JPMorgan down after profit falls 42%</p><p>* PPI up 11.2% year-on-year, hotter than 10.6% est</p><p>* Indexes up: Dow 1.01%, S&amp;P 1.12%, Nasdaq 2.03%</p><p>NEW YORK, April 13 (Reuters) - Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results.</p><p>Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors    outperforming the broader market.</p><p>The Nasdaq jumped over 2% while the S&amp;P 500 and the Dow gained more than 1%.</p><p>&#34;Bond yields may have gotten ahead of themselves and they&#39;re dropping lower today,&#34; said David Carter, managing director at Wealthspire Advisors in New York. &#34;This helps almost all equities, but particularly growthy areas like tech.&#34;</p><p>JPMorgan Chase &amp; Co set the first-quarter earnings season off to an inauspicious start, reporting a 42% drop in quarterly profit. The downbeat results from the biggest U.S. lender sent its shares down 3.2%.</p><p>On the brighter side, Delta Air Lines&#39; results beat expectations and it forecast a current-quarter return to profit due to &#34;historically high&#34; demand. Its 6.2% share jump was contagious; the broader S&amp;P 1500 airline index surged 6.8%.</p><p>&#34;It’s great that demand is so strong,&#34; Carter added. &#34;However, drive inflation higher, which will force the Fed to continue to raise rates, resulting in a weaker stock market.&#34;</p><p>&#34;Business is good. Almost too good.&#34;</p><p>Strong demand also drove the Labor Department&#39;s producer price index to a blistering 11.2% year-on-year growth rate, the hottest annual reading since the Labor Department started tracking annual data in 2010.</p><p>Core PPI and other major indicators have risen beyond the Federal Reserve&#39;s average annual 2% inflation target.</p><p>Minutes from the most recent Fed policy meeting and subsequent remarks from its members have market participants setting easy odds for a series of 50-basis-point interest rate hikes in the coming months, as the central bank treads the delicate tightrope of curbing inflation without provoking a recession.</p><p>&#34;It&#39;s obvious now that the Fed is singing off the same song sheet, more tightening is coming,&#34; Carter said. &#34;Much of this, however, is priced in and expected.&#34;</p><p>The Dow Jones Industrial Average rose 344.23 points, or 1.01%, to 34,564.59, the S&amp;P 500 gained 49.14 points, or 1.12%, to 4,446.59 and the Nasdaq Composite added 272.02 points, or 2.03%, to 13,643.59.</p><p>Among the 11 major sectors of the S&amp;P 500, consumer discretionary stocks enjoyed the largest percentage gains, jumping 2.5%.</p><p>Analyst estimates for the corporate earnings season have grown less optimistic. Aggregate annual S&amp;P 500 earnings growth for the first three quarters of 2022 is estimated at 5.4% as of Wednesday, down from 7.5% at the beginning of the year.</p><p>On Thursday, the holiday-shortened week will end with results from a swath of big banks, including Morgan Stanley, Citigroup Inc, Goldman Sachs Group Inc, and Wells Fargo &amp; Co.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 48 new highs and 168 new lows.</p><p>Volume on U.S. exchanges was 10.52 billion shares, compared with the 12.33 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DAL":"达美航空","JPM":"摩根大通",".SPX":"S&P 500 Index","C":"花旗","MS":"摩根士丹利",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2227485446","content_text":"* Strong outlook from Delta Air Lines lifts other airlines* JPMorgan down after profit falls 42%* PPI up 11.2% year-on-year, hotter than 10.6% est* Indexes up: Dow 1.01%, S&P 1.12%, Nasdaq 2.03%NEW YORK, April 13 (Reuters) - Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results.Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors    outperforming the broader market.The Nasdaq jumped over 2% while the S&P 500 and the Dow gained more than 1%.\"Bond yields may have gotten ahead of themselves and they're dropping lower today,\" said David Carter, managing director at Wealthspire Advisors in New York. \"This helps almost all equities, but particularly growthy areas like tech.\"JPMorgan Chase & Co set the first-quarter earnings season off to an inauspicious start, reporting a 42% drop in quarterly profit. The downbeat results from the biggest U.S. lender sent its shares down 3.2%.On the brighter side, Delta Air Lines' results beat expectations and it forecast a current-quarter return to profit due to \"historically high\" demand. Its 6.2% share jump was contagious; the broader S&P 1500 airline index surged 6.8%.\"It’s great that demand is so strong,\" Carter added. \"However, drive inflation higher, which will force the Fed to continue to raise rates, resulting in a weaker stock market.\"\"Business is good. Almost too good.\"Strong demand also drove the Labor Department's producer price index to a blistering 11.2% year-on-year growth rate, the hottest annual reading since the Labor Department started tracking annual data in 2010.Core PPI and other major indicators have risen beyond the Federal Reserve's average annual 2% inflation target.Minutes from the most recent Fed policy meeting and subsequent remarks from its members have market participants setting easy odds for a series of 50-basis-point interest rate hikes in the coming months, as the central bank treads the delicate tightrope of curbing inflation without provoking a recession.\"It's obvious now that the Fed is singing off the same song sheet, more tightening is coming,\" Carter said. \"Much of this, however, is priced in and expected.\"The Dow Jones Industrial Average rose 344.23 points, or 1.01%, to 34,564.59, the S&P 500 gained 49.14 points, or 1.12%, to 4,446.59 and the Nasdaq Composite added 272.02 points, or 2.03%, to 13,643.59.Among the 11 major sectors of the S&P 500, consumer discretionary stocks enjoyed the largest percentage gains, jumping 2.5%.Analyst estimates for the corporate earnings season have grown less optimistic. Aggregate annual S&P 500 earnings growth for the first three quarters of 2022 is estimated at 5.4% as of Wednesday, down from 7.5% at the beginning of the year.On Thursday, the holiday-shortened week will end with results from a swath of big banks, including Morgan Stanley, Citigroup Inc, Goldman Sachs Group Inc, and Wells Fargo & Co.Advancing issues outnumbered declining ones on the NYSE by a 2.92-to-1 ratio; on Nasdaq, a 2.87-to-1 ratio favored advancers.The S&P 500 posted 19 new 52-week highs and 11 new lows; the Nasdaq Composite recorded 48 new highs and 168 new lows.Volume on U.S. exchanges was 10.52 billion shares, compared with the 12.33 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9,"JPM":0.9,"DAL":0.9,"MS":0.9,"C":0.9}},"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9018953553,"gmtCreate":1648960366089,"gmtModify":1676534429154,"author":{"id":"3577502940596690","authorId":"3577502940596690","name":"Jahme","avatar":"https://static.tigerbbs.com/d07b4bec5131f225dae7aadbfebc0c02","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577502940596690","authorIdStr":"3577502940596690"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9018953553","repostId":"1119316511","repostType":4,"repost":{"id":"1119316511","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":1648799989,"share":"https://ttm.financial/m/news/1119316511?lang=en_US&edition=fundamental","pubTime":"2022-04-01 15:59","market":"us","language":"en","title":"Tiger Chart｜ Q1 S&P 500 Top 10 Wrap: Berkshire Soared 18%; Meta Plummeted 33%","url":"https://stock-news.laohu8.com/highlight/detail?id=1119316511","media":"Tiger Newspress","summary":"We analyzed Q1 Performance of S&P 500 Top 10 Companies. Among the top 10 companies by market cap, Be","content":"<html><head></head><body><p>We analyzed Q1 Performance of S&amp;P 500 Top 10 Companies. Among the top 10 companies by market cap, Berkshire stood out, with its share price soaring 18%; Meta plummeted by more than 33%, ranking at the bottom.<img src=\"https://static.tigerbbs.com/b47990d81988dfb6ec08dbf89222018c\" tg-width=\"757\" tg-height=\"1556\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart｜ Q1 S&P 500 Top 10 Wrap: Berkshire Soared 18%; Meta Plummeted 33%</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\">\nTiger Chart｜ Q1 S&P 500 Top 10 Wrap: Berkshire Soared 18%; Meta Plummeted 33%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-01 15:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>We analyzed Q1 Performance of S&amp;P 500 Top 10 Companies. Among the top 10 companies by market cap, Berkshire stood out, with its share price soaring 18%; Meta plummeted by more than 33%, ranking at the bottom.<img src=\"https://static.tigerbbs.com/b47990d81988dfb6ec08dbf89222018c\" tg-width=\"757\" tg-height=\"1556\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","BRK.A":"伯克希尔","AAPL":"苹果","FB":"ProShares S&P 500 Dynamic Buffer ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119316511","content_text":"We analyzed Q1 Performance of S&P 500 Top 10 Companies. Among the top 10 companies by market cap, Berkshire stood out, with its share price soaring 18%; Meta plummeted by more than 33%, ranking at the bottom.","news_type":1,"symbols_score_info":{"AMZN":0.9,"BRK.A":0.9,"FB":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}