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Kullen

Kullen

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2021-09-02

$Visa(V)$feels like shortists are shorting v to oblivion, not because anything is wrong with visa...

2021-08-13

$Moderna, Inc.(MRNA)$ too many sellers

2021-08-05

$Moderna, Inc.(MRNA)$probably the last chance to buy now for those who wanna join the ride

2021-09-16

I will just buy both when they are going at discount

Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction

2021-08-30

Just don't crash the market and everyone be happy

Sorry, the original content has been removed

2021-08-10

$Moderna, Inc.(MRNA)$to be fair, the movement up yesterday was much faster than the movement down today. Its pretty well-supported already.

2021-08-09

$Moderna, Inc.(MRNA)$time for the buyers to swallow up the sellers. Let's ride the coat tails of biontech today!

2021-09-09

$Visa(V)$stock with biggest loss on my portfolio but still holding cos its a favourite company

2021-09-23

Buy the dip!

JPMorgan Team Says Flows Show the Buy-the-Dip Mantra Is at Risk

2021-09-14

$Crocs(CROX)$ wth is going on

Go to Tiger App to see more news

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href=\"https://laohu8.com/S/V\">$Visa(V)$</a>finally coming alive, visa!&nbsp;","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>finally coming alive, visa!&nbsp;","text":"$Visa(V)$finally coming alive, visa!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863435956","isVote":1,"tweetType":1,"viewCount":2426,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863215920,"gmtCreate":1632396768160,"gmtModify":1676530772093,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"Buy the dip!&nbsp;","listText":"Buy the dip!&nbsp;","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863215920","repostId":"1190658591","repostType":4,"repost":{"id":"1190658591","kind":"news","pubTimestamp":1632391669,"share":"https://ttm.financial/m/news/1190658591?lang=en_US&edition=fundamental","pubTime":"2021-09-23 18:07","market":"us","language":"en","title":"JPMorgan Team Says Flows Show the Buy-the-Dip Mantra Is at Risk","url":"https://stock-news.laohu8.com/highlight/detail?id=1190658591","media":"Bloomberg","summary":"Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is","content":"<div>\n<p>Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is fraying, according to JPMorgan Chase & Co. strategists.\nAn outflow of $11 billion from equity ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-team-says-flows-show-040018047.html\">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>JPMorgan Team Says Flows Show the Buy-the-Dip Mantra Is at Risk</title>\n<style 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}\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\">\nJPMorgan Team Says Flows Show the Buy-the-Dip Mantra Is at Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 18:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-team-says-flows-show-040018047.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is fraying, according to JPMorgan Chase & Co. strategists.\nAn outflow of $11 billion from equity ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-team-says-flows-show-040018047.html\">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",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://finance.yahoo.com/news/jpmorgan-team-says-flows-show-040018047.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190658591","content_text":"Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is fraying, according to JPMorgan Chase & Co. strategists.\nAn outflow of $11 billion from equity exchange-traded funds on Sept. 20 -- the biggest on a down day this year outside of quarterly options and futures expirations -- is “rather concerning” because it’s inconsistent with the buy-the-dip behavior that’s helped propel equities higher for months, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\n“Observing flows for signs that this change in behavior would prove more persistent is important over the coming days,” they said, adding that an inflow on Sept. 21 of $2 billion was “rather muted.”\nThe buy-the-dip mantra among retail investors helped to power the near-doubling in U.S. stocks from pandemic-induced lows in March last year. The phenomenon saw the S&P 500 reliably bounce off its 50-day moving average. But it’s now sitting below that marker as investors fret over waning stimulus, high inflation and a debt crisis in China’s property sector.\nCommentators are split on the outlook for U.S. shares: Goldman Sachs Group Inc.’s Peter Oppenheimer said investors should use a 10% drop to load up on stocks, while BTIG LLC strategist Julian Emanuel has argued that the recent drawdown is likely to morph into a major test of the resolve of retail investors.\nPanigirtzoglou’s team is in wait-and-see mode, saying they need more significant inflows into equity ETFs over coming days to conclude that buy-the-dip is alive and kicking.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860231196,"gmtCreate":1632181365315,"gmtModify":1676530717913,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"Time for fed to save the day&nbsp;","listText":"Time for fed to save the day&nbsp;","text":"Time for fed to save the day","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860231196","repostId":"2169681424","repostType":4,"isVote":1,"tweetType":1,"viewCount":2479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860941303,"gmtCreate":1632127161902,"gmtModify":1676530706119,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>need to tell myself that i should be buying / holding when it's cheap, not selling&nbsp;","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>need to tell myself that i should be buying / holding when it's cheap, not selling&nbsp;","text":"$Visa(V)$need to tell myself that i should be buying / holding when it's cheap, not selling","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860941303","isVote":1,"tweetType":1,"viewCount":3016,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860911427,"gmtCreate":1632118987069,"gmtModify":1676530704703,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"Hope the fed be prudent during fomc meeting and don't shake the market further. That would&nbsp;then set the market up for another uptrend.&nbsp;","listText":"Hope the fed be prudent during fomc meeting and don't shake the market further. That would&nbsp;then set the market up for another uptrend.&nbsp;","text":"Hope the fed be prudent during fomc meeting and don't shake the market further. That would then set the market up for another uptrend.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860911427","repostId":"1196172424","repostType":4,"repost":{"id":"1196172424","kind":"news","pubTimestamp":1632105381,"share":"https://ttm.financial/m/news/1196172424?lang=en_US&edition=fundamental","pubTime":"2021-09-20 10:36","market":"us","language":"en","title":"The One Indicator That Has Wall Street Biting Its Nails","url":"https://stock-news.laohu8.com/highlight/detail?id=1196172424","media":"Barrons","summary":"The stock market dropped because there’s something scarier than taxes, tapers, and contagion.","content":"<p>Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.</p>\n<p>The predictions of impending doom from Wall Street’s talking heads continued this past week. The reasons for a pullback are many: The stock market has rallied for too long and has gone up too smoothly, the Federal Reserve is about to remove the bond buying that has helped prop markets up, taxes are ready to rise, economic data are slowing. None of it really left a mark.</p>\n<p>But then the&nbsp;S&amp;P 500&nbsp;dropped 0.6%, to 4432.99, over the week, while the&nbsp;Dow Jones Industrial Average&nbsp;fell 0.1%, to 34,584.88, and the&nbsp;Nasdaq Composite&nbsp;slumped 0.5%, to 15,043.97. For the S&amp;P 500, it was the first close since June 18 below its 50-day moving average—a technical measure of the previous 50 days’ closes that often ends up acting as support or resistance and that currently sits at 4436.35. For traders, it was very frightening.</p>\n<p>That the drop also occurred on options expiration day—when options bets expire and are rolled over, typically a volatile day—also makes the moment fraught. Since May, options expiration has been the time for the S&amp;P 500 to make a quick test of its 50-day moving average before a bounce higher. And when I say quick, I mean quick, as it usually took the index a day, maybe two, to rebound.</p>\n<p>“The 50-Day MA discussion has been pounded into our heads with every drawdown,” writes Frank Cappelleri, desk strategist at Instinet. “And while we may be sick of hearing about it, the dip buying around the line has been a real phenomenon.”</p>\n<p>This time has a different feel to it. The S&amp;P 500’s sojourn near the 50-day has been longer, notes Jonathan Krinsky, chief market technician at Bay Crest Partners. It’s been sitting near it for about six trading days now, without a big drop or big bounce. “The current set-up looks a bit more like a consolidation on the 50 DMA, as opposed to the prior quick ‘V-shaped’ dips,” Krinsky writes. “What we are saying is that the current way in which we got here feels a bit different than the last four to five times.”</p>\n<p>Still, Krinsky acknowledges that one close below the 50-day isn’t enough to panic. That’s because the S&amp;P 500 has now gone 218 days without two closes below the average, the second-longest streak since 1990. We won’t know if that streak breaks until the end of trading on Monday.</p>\n<p>The market has plenty of excuses to break the 50-day, if it’s so inclined. Maybe Evergrande (ticker: 3333.Hong Kong), the troubled Chinese property developer, will prove to be a Lehman moment and bring the world’s markets down with it. Maybe the Fed will surprise everyone and start tapering this coming week. Maybe something is lurking out there like the Baba Yaga of the old fairy tales, and maybe it looks a lot like Keanu Reeves.</p>\n<p>But perhaps all the September weakness and worry are a good thing, setting the market up for its next run. “The ACWI is oversold again, and sentiment is not too optimistic,” writes Ned Davis Research’s Tim Hayes, commenting on the MSCI All-Country World Index. “The market’s resilience in the face of the negative September seasonality could be the preview of a bullish response to seasonal tendencies that turn favorable in the fourth quarter.”</p>\n<p>We just have to get there first.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The One Indicator That Has Wall Street Biting Its Nails</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 One Indicator That Has Wall Street Biting Its Nails\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 10:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.\nThe predictions of impending doom from Wall Street’s talking heads continued this past ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7\">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",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/stock-market-falls-because-theres-something-scarier-than-taxes-tapers-and-contagion-51631925838?mod=hp_DAY_7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196172424","content_text":"Wall Street has found something scarier than tapering,axes,and contagion. It’s called the 50-day moving average.\nThe predictions of impending doom from Wall Street’s talking heads continued this past week. The reasons for a pullback are many: The stock market has rallied for too long and has gone up too smoothly, the Federal Reserve is about to remove the bond buying that has helped prop markets up, taxes are ready to rise, economic data are slowing. None of it really left a mark.\nBut then the S&P 500 dropped 0.6%, to 4432.99, over the week, while the Dow Jones Industrial Average fell 0.1%, to 34,584.88, and the Nasdaq Composite slumped 0.5%, to 15,043.97. For the S&P 500, it was the first close since June 18 below its 50-day moving average—a technical measure of the previous 50 days’ closes that often ends up acting as support or resistance and that currently sits at 4436.35. For traders, it was very frightening.\nThat the drop also occurred on options expiration day—when options bets expire and are rolled over, typically a volatile day—also makes the moment fraught. Since May, options expiration has been the time for the S&P 500 to make a quick test of its 50-day moving average before a bounce higher. And when I say quick, I mean quick, as it usually took the index a day, maybe two, to rebound.\n“The 50-Day MA discussion has been pounded into our heads with every drawdown,” writes Frank Cappelleri, desk strategist at Instinet. “And while we may be sick of hearing about it, the dip buying around the line has been a real phenomenon.”\nThis time has a different feel to it. The S&P 500’s sojourn near the 50-day has been longer, notes Jonathan Krinsky, chief market technician at Bay Crest Partners. It’s been sitting near it for about six trading days now, without a big drop or big bounce. “The current set-up looks a bit more like a consolidation on the 50 DMA, as opposed to the prior quick ‘V-shaped’ dips,” Krinsky writes. “What we are saying is that the current way in which we got here feels a bit different than the last four to five times.”\nStill, Krinsky acknowledges that one close below the 50-day isn’t enough to panic. That’s because the S&P 500 has now gone 218 days without two closes below the average, the second-longest streak since 1990. We won’t know if that streak breaks until the end of trading on Monday.\nThe market has plenty of excuses to break the 50-day, if it’s so inclined. Maybe Evergrande (ticker: 3333.Hong Kong), the troubled Chinese property developer, will prove to be a Lehman moment and bring the world’s markets down with it. Maybe the Fed will surprise everyone and start tapering this coming week. Maybe something is lurking out there like the Baba Yaga of the old fairy tales, and maybe it looks a lot like Keanu Reeves.\nBut perhaps all the September weakness and worry are a good thing, setting the market up for its next run. “The ACWI is oversold again, and sentiment is not too optimistic,” writes Ned Davis Research’s Tim Hayes, commenting on the MSCI All-Country World Index. “The market’s resilience in the face of the negative September seasonality could be the preview of a bullish response to seasonal tendencies that turn favorable in the fourth quarter.”\nWe just have to get there first.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2392,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885547780,"gmtCreate":1631805918140,"gmtModify":1676530641986,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"I will just buy both when they are going at discount&nbsp;","listText":"I will just buy both when they are going at discount&nbsp;","text":"I will just buy both when they are going at discount","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/885547780","repostId":"1126607843","repostType":4,"repost":{"id":"1126607843","kind":"news","pubTimestamp":1631785252,"share":"https://ttm.financial/m/news/1126607843?lang=en_US&edition=fundamental","pubTime":"2021-09-16 17:40","market":"us","language":"en","title":"Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction","url":"https://stock-news.laohu8.com/highlight/detail?id=1126607843","media":"seekingalpha","summary":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves at","content":"<p><b>Summary</b></p>\n<ul>\n <li>Objectively, the likelihood of a significant correction in the stock market now deserves attention.</li>\n <li>In the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.</li>\n <li>Apple and&nbsp;Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</li>\n <li>In the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a07b4e98bb726c0044932fc29b3089b3\" tg-width=\"1536\" tg-height=\"1208\" width=\"100%\" height=\"auto\"><span>vicnt/iStock via Getty Images</span></p>\n<p><b>As an introduction...</b></p>\n<p>Since the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05a849f8e9ddf15f484770a5f0227fcd\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>For a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.<i>This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37eb0178d9d463c7419b99632a6ec614\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p>\n<p>In addition, there are other factors that make us wary of the current price level of the market.</p>\n<p>First, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10623d7cecd8dec70bb229b809458b68\" tg-width=\"1242\" tg-height=\"918\" width=\"100%\" height=\"auto\"><span>Source: Bank of America</span></p>\n<p>Second, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is&nbsp;already outlined.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69cd6450737ddf3e5fcbd6406c793ba\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p>\n<p>And finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d6a6a794dde6f4e1d3e6e9149b55060\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p>\n<p>So, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:<i>in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?</i></p>\n<p><b>Why Apple vs. Microsoft?</b></p>\n<p>The decision to compare exactly these two companies was dictated by two factors.</p>\n<p>Firstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:</p>\n<p><img src=\"https://static.tigerbbs.com/cf3ef401b67c298ecbd9d56d31fc6927\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31417d34d6eacb724c20b3a274068467\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p>\n<p>Secondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.</p>\n<p><b>Some Statistics</b></p>\n<p>To begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.</p>\n<p>To do this, I have broken the three-year span into eight periods of market movement:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd9dec91d94990cf5217aa649758ac\" tg-width=\"947\" tg-height=\"578\" width=\"100%\" height=\"auto\"><span>Source: TradingView, Author</span></p>\n<p>Here are the results that companies have shown in each of the periods:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/868067f19c2251bfdb0658a251596fcc\" tg-width=\"640\" tg-height=\"214\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>At first glance, the statistics are unambiguous:<i>during periods of correction, the price of Microsoft tends to decrease less than that of Apple.</i>But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.</p>\n<p>But in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...</p>\n<p><b>Fundamentals</b></p>\n<p>Exclusively in an investment context, the price of a company's share can be viewed from two points of view.</p>\n<p>On the one hand, the price reflects the present value of the company's&nbsp;<b>future cash flow</b>. On the other hand, the price is the present value of the sum of&nbsp;<b>all potential dividends</b>that the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.</p>\n<p>In order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.</p>\n<p>Let's start with&nbsp;<b>Apple</b>. Here is the calculation of the Weighted Average Cost of Capital:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8fc4e5dc7025dd1227ea5279073aa5\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>Notes:</p>\n<ul>\n <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).</li>\n <li>I used the current&nbsp;value&nbsp;of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.</li>\n <li>To calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.</li>\n</ul>\n<p>Here is the DCF model:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bfb45a9125bb1f465cd34a6a8a6d06a\" tg-width=\"640\" tg-height=\"520\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>The DCF-based target price for Apple's shares is about $181 (+22%).</b></p>\n<p>In the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d84076d0fc1bb5dbec8c1e6e19434153\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>Continuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.</p>\n<p>Apple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.</p>\n<p>Here is the Dividend Discount Model itself:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8990a8299cc0652d77815710f0ab427\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b><i>The DDM-based target price for Apple's shares is $69 (-54%).</i></b></p>\n<p>Now let's take a look at Microsoft.</p>\n<p>Here is the calculation of the WACC:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15889e90904c69497b749f28bd64190f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>And here is the DCF model:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dca7339e43f534807bf043b1931e1db\" tg-width=\"640\" tg-height=\"506\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>The DCF-based target price for Microsoft's shares is about $353 (+18%).</b></p>\n<p>Microsoft is also actively buying back shares:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1deec463f584b5eb7913d72938d3e1ca\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>I proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.</p>\n<p>Here is the Dividend Discount Model:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18c863b92e948f78e518d5619b44647d\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b><i>The DDM-based target price for Microsoft's shares is $203 (-32%).</i></b></p>\n<p>Let's summarize:</p>\n<p><img src=\"https://static.tigerbbs.com/84b527d82270843e021a89a9ecdf68e6\" tg-width=\"906\" tg-height=\"212\" width=\"100%\" height=\"auto\"></p>\n<p>It is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</p>\n<p>This suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.</p>\n<p>But during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.</p>\n<p><b>Bottom line</b></p>\n<p>At the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.</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>Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 17:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves attention.\nIn the recent past, Apple and Microsoft have responded differently to a significant decline...</p>\n\n<a href=\"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction\">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","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126607843","content_text":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves attention.\nIn the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.\nApple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nIn the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.\n\nvicnt/iStock via Getty Images\nAs an introduction...\nSince the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:\nData by YCharts\nFor a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.\nSource: VisualizedAnalytics\nIn addition, there are other factors that make us wary of the current price level of the market.\nFirst, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:\nSource: Bank of America\nSecond, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.\nSource: VisualizedAnalytics\nAnd finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:\nSource: VisualizedAnalytics\nSo, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?\nWhy Apple vs. Microsoft?\nThe decision to compare exactly these two companies was dictated by two factors.\nFirstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:\n\nSource: VisualizedAnalytics\nSecondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.\nSome Statistics\nTo begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.\nTo do this, I have broken the three-year span into eight periods of market movement:\nSource: TradingView, Author\nHere are the results that companies have shown in each of the periods:\nSource: Author\nAt first glance, the statistics are unambiguous:during periods of correction, the price of Microsoft tends to decrease less than that of Apple.But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.\nBut in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...\nFundamentals\nExclusively in an investment context, the price of a company's share can be viewed from two points of view.\nOn the one hand, the price reflects the present value of the company's future cash flow. On the other hand, the price is the present value of the sum of all potential dividendsthat the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.\nIn order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.\nLet's start with Apple. Here is the calculation of the Weighted Average Cost of Capital:\nSource: Author\nNotes:\n\nIn order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).\nI used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.\nTo calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.\n\nHere is the DCF model:\nSource: Author\nThe DCF-based target price for Apple's shares is about $181 (+22%).\nIn the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:\nData by YCharts\nContinuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.\nApple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.\nHere is the Dividend Discount Model itself:\nSource: Author\nThe DDM-based target price for Apple's shares is $69 (-54%).\nNow let's take a look at Microsoft.\nHere is the calculation of the WACC:\nSource: Author\nAnd here is the DCF model:\nSource: Author\nThe DCF-based target price for Microsoft's shares is about $353 (+18%).\nMicrosoft is also actively buying back shares:\nData by YCharts\nI proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.\nHere is the Dividend Discount Model:\nSource: Author\nThe DDM-based target price for Microsoft's shares is $203 (-32%).\nLet's summarize:\n\nIt is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nThis suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.\nBut during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.\nBottom line\nAt the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.","news_type":1,"symbols_score_info":{"AAPL":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882906976,"gmtCreate":1631635817895,"gmtModify":1676530597123,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FTNT\">$Fortinet(FTNT)$</a>&nbsp;lets do a bullish engulfing today&nbsp;","listText":"<a href=\"https://laohu8.com/S/FTNT\">$Fortinet(FTNT)$</a>&nbsp;lets do a bullish engulfing today&nbsp;","text":"$Fortinet(FTNT)$ lets do a bullish engulfing today","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882906976","isVote":1,"tweetType":1,"viewCount":3033,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882041744,"gmtCreate":1631633979488,"gmtModify":1676530596668,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CROX\">$Crocs(CROX)$</a>&nbsp;wth is going on","listText":"<a href=\"https://laohu8.com/S/CROX\">$Crocs(CROX)$</a>&nbsp;wth is going on","text":"$Crocs(CROX)$ wth is going on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/882041744","isVote":1,"tweetType":1,"viewCount":3456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888872054,"gmtCreate":1631490948578,"gmtModify":1676530554636,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"Push back tapering?&nbsp;","listText":"Push back tapering?&nbsp;","text":"Push back tapering?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/888872054","repostId":"2166303094","repostType":4,"isVote":1,"tweetType":1,"viewCount":3373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881088221,"gmtCreate":1631281500063,"gmtModify":1676530518094,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/IPG\">$Interpublic(IPG)$</a>done taking break. Time to take off and continue the uptrend&nbsp;","listText":"<a href=\"https://laohu8.com/S/IPG\">$Interpublic(IPG)$</a>done taking break. Time to take off and continue the uptrend&nbsp;","text":"$Interpublic(IPG)$done taking break. Time to take off and continue the uptrend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881088221","isVote":1,"tweetType":1,"viewCount":2892,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881013260,"gmtCreate":1631281039650,"gmtModify":1676530517664,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>lots of retail investors taking profit&nbsp;","listText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>lots of retail investors taking profit&nbsp;","text":"$Moderna, Inc.(MRNA)$lots of retail investors taking profit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881013260","isVote":1,"tweetType":1,"viewCount":1218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889727157,"gmtCreate":1631181654079,"gmtModify":1676530489302,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>stock with biggest loss on my portfolio but still holding cos its a favourite company&nbsp;","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>stock with biggest loss on my portfolio but still holding cos its a favourite company&nbsp;","text":"$Visa(V)$stock with biggest loss on my portfolio but still holding cos its a favourite company","images":[{"img":"https://static.tigerbbs.com/1ab164f587b7fc0ffc2b2239602d55c5","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889727157","isVote":1,"tweetType":1,"viewCount":1235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":889394670,"gmtCreate":1631108687490,"gmtModify":1676530469830,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/FTNT\">$Fortinet(FTNT)$</a>strong stocks only climb. Accumulate whenever it dips.&nbsp;","listText":"<a href=\"https://laohu8.com/S/FTNT\">$Fortinet(FTNT)$</a>strong stocks only climb. Accumulate whenever it dips.&nbsp;","text":"$Fortinet(FTNT)$strong stocks only climb. Accumulate whenever it dips.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889394670","isVote":1,"tweetType":1,"viewCount":961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889060012,"gmtCreate":1631092265436,"gmtModify":1676530465388,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"V is here to stay&nbsp;","listText":"V is here to stay&nbsp;","text":"V is here to stay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889060012","repostId":"1103393665","repostType":2,"repost":{"id":"1103393665","kind":"news","pubTimestamp":1631082842,"share":"https://ttm.financial/m/news/1103393665?lang=en_US&edition=fundamental","pubTime":"2021-09-08 14:34","market":"us","language":"en","title":"Why Buy Visa Stock After It Dipped","url":"https://stock-news.laohu8.com/highlight/detail?id=1103393665","media":"Seeking Alpha","summary":"Summary\n\nVisa stock is in a downtrend in the last month.\nFintech competition and valuations in quest","content":"<p><b>Summary</b></p>\n<ul>\n <li>Visa stock is in a downtrend in the last month.</li>\n <li>Fintech competition and valuations in question.</li>\n <li>Negative sentiment temporary.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2c7ca0d4554992b8dff372dfaa3dadb\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>ALFSnaiper/iStock via Getty Images</span></p>\n<p>After peaking at over $250, Visa (V) fell sharply when markets started paying attention to Fed Chair J. Powell’s tapering talk. Tapering and higher interest rates to combat growing inflationary risks sent the credit card giant to a downtrend. Mastercard (MA) did not fare any better. Since both firms have similar valuations and sizes, this article will focus primarily on Visa’s prospects.</p>\n<p>Readers can get the two quick take points on why V and MA stock are performing poorly. Both stocks trade at a premium and Fintech is coming to challenge the incumbent credit card firms.</p>\n<p><b>Valuation</b></p>\n<p>Seeking Alpha’s quant score highlights the over-valuation risks in Visa. The stock scores an “F” on value. In return for buying the stock at unfavorable levels, investors get a highly profitable credit card giant. The stock scores an A+ on profitability.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/401dfe3b3d63048cdaa3a1c23ff19a36\" tg-width=\"170\" tg-height=\"106\" width=\"100%\" height=\"auto\"><span>Data courtesy of Seeking Alpha Premium</span></p>\n<p>Mastercard’s quant score is nearly identical to that of Visa stock. MA stock is slightly ahead in a growth score comparison. Since V stock trades at a price-to-earnings of 38.7 times, compared to 41.8 times for MA stock, Visa is worth a closer look instead.</p>\n<p><img src=\"https://static.tigerbbs.com/cf384b052414df6f9da462baf04ddf55\" tg-width=\"167\" tg-height=\"113\" width=\"100%\" height=\"auto\"></p>\n<p>In the third quarter, Visa posted revenue growing by&nbsp;26.7% Y/Y to $6.13 billion. Payment volume growth of 34% easily surpassed the&nbsp;26.2% consensus estimate.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/87ab0f2f7419dac717b05721b2466813\" tg-width=\"672\" tg-height=\"209\" width=\"100%\" height=\"auto\"><span>Data courtesy of Visa Q3/2021 Financial Results</span></p>\n<p>CEO Alfred F. Kelly, Jr. said Visa posted strong quarterly results because of:</p>\n<blockquote>\n credit and face-to-face spending bouncing back while debt and eCommerce volumes remained robust from accelerated cash digitization sparked by the pandemic.\n</blockquote>\n<p>Though this is historically an expensive stock, Visa continues to validate its worth. Markets are over-thinking the easing post-pandemic lockdown and discounting eCommerce volume growth. Yet cross-border travel spending is rebounding. Higher vaccination rates are allowing more border re-openings. This will accelerate Visa’s cross-border volume, lift transactions, and increase its revenues.</p>\n<p><b>Growing Competition</b></p>\n<p>SPACs (special purpose acquisition companies) allowed companies like SoFi (SOFI) to access public market funding sooner. Even though SoFi posted a 74.2% Y/Y growth in revenue, it still lost&nbsp;48 cents a share. SoFi is a fintech that offers an all-in-one solution for customers. Visa relies on transaction growth for its revenue. SoFi is one of many examples of Fintech offerings that are a long way from challenging Visa’s market.</p>\n<p>Digital transaction incumbents including PayPal (PYPL) and Square (SQ) also offer merchants and consumers alternatives to Visa. Neither firm is a direct competitor to Visa. In fact, Visa highlighted its co-branded relationship with PayPal in Australia on&nbsp;its conference call. PayPal announced instant transfers that enable merchants to settle transactions through Visa Direct in Australia. The more this service grows, the more it benefits Visa.</p>\n<p><b>Digitization Risks Exaggerated</b></p>\n<p>Investors should think of debit as the engine of cash digitization. As Vice Chairman and Chief Financial Officer&nbsp;Vasant Prabhu said, “structurally, debit is benefiting from cash digitization picking up, as well as the move to e-commerce.” Credit is accelerating, resulting in the biggest quarter-over-quarter recovery. Still, the return of the affluent customer to retail thanks to the reopening is a risk factor. The Covid-19 delta variant will undermine countries having too low a full vaccination level.</p>\n<p>Fortunately, CFO Prabhu thinks that the credit market has a few more quarters of recovery left.</p>\n<p>In Europe, open banking is an opportunity for Visa. The open banking platform is in 18 markets. It allows developers access to financial data. Visa&nbsp;announced that it acquired&nbsp;Tink in June to harness the connectivity around 3,400 banks and financial institutions, along with around 10,000 developers in Europe. Tink will accelerate Visa’s adoption of open banking in Europe. After that, it could expand globally to regions like Asia and CEMEA (Central and Eastern Europe, Middle East, and Africa).</p>\n<p><b>Risk</b></p>\n<p>Visa’s stock chart currently indicates a negative sentiment risk. Markets decided to sell off financial institution and credit services stocks ahead of growing inflationary pressures. Chances remain very low that the Fed will increase rates soon. Should Visa stock continue to fall at close to the 200-day moving average of around $220, investors should consider building a position.</p>\n<p><b>Your Takeaway</b></p>\n<p>Visa traded at premium valuations for many years. This time is no different. The month-long sell-off looks ugly on the chart. As it has in the past, the bearishness will end as the stock bounces back from key moving averages. Investors looking for a Fintech play should consider starting with buying Visa stock first.</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>Why Buy Visa Stock After It Dipped</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 Buy Visa Stock After It Dipped\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 14:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4453958-visa-stock-buy-after-it-dipped><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nVisa stock is in a downtrend in the last month.\nFintech competition and valuations in question.\nNegative sentiment temporary.\n\nALFSnaiper/iStock via Getty Images\nAfter peaking at over $250, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453958-visa-stock-buy-after-it-dipped\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa"},"source_url":"https://seekingalpha.com/article/4453958-visa-stock-buy-after-it-dipped","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103393665","content_text":"Summary\n\nVisa stock is in a downtrend in the last month.\nFintech competition and valuations in question.\nNegative sentiment temporary.\n\nALFSnaiper/iStock via Getty Images\nAfter peaking at over $250, Visa (V) fell sharply when markets started paying attention to Fed Chair J. Powell’s tapering talk. Tapering and higher interest rates to combat growing inflationary risks sent the credit card giant to a downtrend. Mastercard (MA) did not fare any better. Since both firms have similar valuations and sizes, this article will focus primarily on Visa’s prospects.\nReaders can get the two quick take points on why V and MA stock are performing poorly. Both stocks trade at a premium and Fintech is coming to challenge the incumbent credit card firms.\nValuation\nSeeking Alpha’s quant score highlights the over-valuation risks in Visa. The stock scores an “F” on value. In return for buying the stock at unfavorable levels, investors get a highly profitable credit card giant. The stock scores an A+ on profitability.\nData courtesy of Seeking Alpha Premium\nMastercard’s quant score is nearly identical to that of Visa stock. MA stock is slightly ahead in a growth score comparison. Since V stock trades at a price-to-earnings of 38.7 times, compared to 41.8 times for MA stock, Visa is worth a closer look instead.\n\nIn the third quarter, Visa posted revenue growing by 26.7% Y/Y to $6.13 billion. Payment volume growth of 34% easily surpassed the 26.2% consensus estimate.\nData courtesy of Visa Q3/2021 Financial Results\nCEO Alfred F. Kelly, Jr. said Visa posted strong quarterly results because of:\n\n credit and face-to-face spending bouncing back while debt and eCommerce volumes remained robust from accelerated cash digitization sparked by the pandemic.\n\nThough this is historically an expensive stock, Visa continues to validate its worth. Markets are over-thinking the easing post-pandemic lockdown and discounting eCommerce volume growth. Yet cross-border travel spending is rebounding. Higher vaccination rates are allowing more border re-openings. This will accelerate Visa’s cross-border volume, lift transactions, and increase its revenues.\nGrowing Competition\nSPACs (special purpose acquisition companies) allowed companies like SoFi (SOFI) to access public market funding sooner. Even though SoFi posted a 74.2% Y/Y growth in revenue, it still lost 48 cents a share. SoFi is a fintech that offers an all-in-one solution for customers. Visa relies on transaction growth for its revenue. SoFi is one of many examples of Fintech offerings that are a long way from challenging Visa’s market.\nDigital transaction incumbents including PayPal (PYPL) and Square (SQ) also offer merchants and consumers alternatives to Visa. Neither firm is a direct competitor to Visa. In fact, Visa highlighted its co-branded relationship with PayPal in Australia on its conference call. PayPal announced instant transfers that enable merchants to settle transactions through Visa Direct in Australia. The more this service grows, the more it benefits Visa.\nDigitization Risks Exaggerated\nInvestors should think of debit as the engine of cash digitization. As Vice Chairman and Chief Financial Officer Vasant Prabhu said, “structurally, debit is benefiting from cash digitization picking up, as well as the move to e-commerce.” Credit is accelerating, resulting in the biggest quarter-over-quarter recovery. Still, the return of the affluent customer to retail thanks to the reopening is a risk factor. The Covid-19 delta variant will undermine countries having too low a full vaccination level.\nFortunately, CFO Prabhu thinks that the credit market has a few more quarters of recovery left.\nIn Europe, open banking is an opportunity for Visa. The open banking platform is in 18 markets. It allows developers access to financial data. Visa announced that it acquired Tink in June to harness the connectivity around 3,400 banks and financial institutions, along with around 10,000 developers in Europe. Tink will accelerate Visa’s adoption of open banking in Europe. After that, it could expand globally to regions like Asia and CEMEA (Central and Eastern Europe, Middle East, and Africa).\nRisk\nVisa’s stock chart currently indicates a negative sentiment risk. Markets decided to sell off financial institution and credit services stocks ahead of growing inflationary pressures. Chances remain very low that the Fed will increase rates soon. Should Visa stock continue to fall at close to the 200-day moving average of around $220, investors should consider building a position.\nYour Takeaway\nVisa traded at premium valuations for many years. This time is no different. The month-long sell-off looks ugly on the chart. As it has in the past, the bearishness will end as the stock bounces back from key moving averages. Investors looking for a Fintech play should consider starting with buying Visa stock first.","news_type":1,"symbols_score_info":{"V":0.9}},"isVote":1,"tweetType":1,"viewCount":1657,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880831120,"gmtCreate":1631029733560,"gmtModify":1676530448541,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"Rebounded alr","listText":"Rebounded alr","text":"Rebounded alr","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880831120","repostId":"1148244903","repostType":4,"repost":{"id":"1148244903","kind":"news","pubTimestamp":1631027025,"share":"https://ttm.financial/m/news/1148244903?lang=en_US&edition=fundamental","pubTime":"2021-09-07 23:03","market":"other","language":"en","title":"Cryptos Just Puked...","url":"https://stock-news.laohu8.com/highlight/detail?id=1148244903","media":"zerohedge","summary":"Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend a","content":"<p>Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.</p>\n<p>Bitcoin plunged from $53k to below $49k...</p>\n<p><img src=\"https://static.tigerbbs.com/ffa53ca2dc78633e42d336039958a4be\" tg-width=\"961\" tg-height=\"514\" width=\"100%\" height=\"auto\"><i>Source: Bloomberg</i></p>\n<p>And Ethereum has tumbled back below $3500 (and was notably less bid on the El Salvador excitement)...</p>\n<p><img src=\"https://static.tigerbbs.com/ad830058c11f71829955553d50022cf5\" tg-width=\"961\" tg-height=\"527\" width=\"100%\" height=\"auto\"></p>\n<p><i>Source: Bloomberg</i></p>\n<p>Some chatter that the ETH move was triggered byshort-term rotation to Solano after NFT headlines.</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>Cryptos Just Puked...</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\">\nCryptos Just Puked...\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-07 23:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/crypto/cryptos-just-puked?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.\nBitcoin plunged from $53k to below $49k...\n...</p>\n\n<a href=\"https://www.zerohedge.com/crypto/cryptos-just-puked?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.zerohedge.com/crypto/cryptos-just-puked?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148244903","content_text":"Bitcoin (and Ethereum) just took a second, larger, leg lower after ramping across the long weekend ahead ofEl Salvador's 'Bitcoin Day' legal tender rollout.\nBitcoin plunged from $53k to below $49k...\nSource: Bloomberg\nAnd Ethereum has tumbled back below $3500 (and was notably less bid on the El Salvador excitement)...\n\nSource: Bloomberg\nSome chatter that the ETH move was triggered byshort-term rotation to Solano after NFT headlines.","news_type":1,"symbols_score_info":{"GBTC":0.9,"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":1172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812557091,"gmtCreate":1630596423813,"gmtModify":1676530353121,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>&nbsp;this might be why... Just need the world to start accept the adjusted fees. When people realise the lack of convenience from not using visa, adoption will return, I hope!&nbsp;Amazon.com.au encourages customers to stop using their Visa cardThe Australian marketplace will from the start of November add a 0.5% surcharge to purchases made with a Visa card.","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>&nbsp;this might be why... Just need the world to start accept the adjusted fees. When people realise the lack of convenience from not using visa, adoption will return, I hope!&nbsp;Amazon.com.au encourages customers to stop using their Visa cardThe Australian marketplace will from the start of November add a 0.5% surcharge to purchases made with a Visa card.","text":"$Visa(V)$ this might be why... Just need the world to start accept the adjusted fees. When people realise the lack of convenience from not using visa, adoption will return, I hope! Amazon.com.au encourages customers to stop using their Visa cardThe Australian marketplace will from the start of November add a 0.5% surcharge to purchases made with a Visa card.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812557091","isVote":1,"tweetType":1,"viewCount":1164,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812564166,"gmtCreate":1630595353555,"gmtModify":1676530352542,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>feels like shortists are shorting v to oblivion, not because anything is wrong with visa...","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>feels like shortists are shorting v to oblivion, not because anything is wrong with visa...","text":"$Visa(V)$feels like shortists are shorting v to oblivion, not because anything is wrong with visa...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/812564166","isVote":1,"tweetType":1,"viewCount":2065,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586348899512468","authorId":"3586348899512468","name":"Rubenjorge","avatar":"https://static.tigerbbs.com/7212290f00555a41812076617d03c5af","crmLevel":11,"crmLevelSwitch":0,"idStr":"3586348899512468","authorIdStr":"3586348899512468"},"content":"Agreed, should just continue to hold.","text":"Agreed, should just continue to hold.","html":"Agreed, should just continue to hold."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812882185,"gmtCreate":1630573472747,"gmtModify":1676530344263,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>easily one&nbsp;favourite company&nbsp;of many","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>easily one&nbsp;favourite company&nbsp;of many","text":"$Visa(V)$easily one favourite company of many","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812882185","isVote":1,"tweetType":1,"viewCount":940,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816548349,"gmtCreate":1630509387581,"gmtModify":1676530326058,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>&nbsp;back to 400 tonight?&nbsp;","listText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>&nbsp;back to 400 tonight?&nbsp;","text":"$Moderna, Inc.(MRNA)$ back to 400 tonight?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816548349","isVote":1,"tweetType":1,"viewCount":1176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816807444,"gmtCreate":1630484617588,"gmtModify":1676530316205,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579088083036701","authorIdStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>&nbsp;looks like many people are trying to buy but nobody is selling in premarket&nbsp;","listText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>&nbsp;looks like many people are trying to buy but nobody is selling in premarket&nbsp;","text":"$Moderna, Inc.(MRNA)$ looks like many people are trying to buy but nobody is selling in premarket","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816807444","isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":812564166,"gmtCreate":1630595353555,"gmtModify":1676530352542,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>feels like shortists are shorting v to oblivion, not because anything is wrong with visa...","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>feels like shortists are shorting v to oblivion, not because anything is wrong with visa...","text":"$Visa(V)$feels like shortists are shorting v to oblivion, not because anything is wrong with visa...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/812564166","isVote":1,"tweetType":1,"viewCount":2065,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586348899512468","authorId":"3586348899512468","name":"Rubenjorge","avatar":"https://static.tigerbbs.com/7212290f00555a41812076617d03c5af","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3586348899512468","idStr":"3586348899512468"},"content":"Agreed, should just continue to hold.","text":"Agreed, should just continue to hold.","html":"Agreed, should just continue to hold."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897035380,"gmtCreate":1628862420040,"gmtModify":1676529878488,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>&nbsp;too many sellers&nbsp;","listText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>&nbsp;too many sellers&nbsp;","text":"$Moderna, Inc.(MRNA)$ too many sellers","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/897035380","isVote":1,"tweetType":1,"viewCount":1455,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899327953,"gmtCreate":1628162594572,"gmtModify":1703502342819,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>probably the last chance to buy now for those who wanna join the ride&nbsp;","listText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>probably the last chance to buy now for those who wanna join the ride&nbsp;","text":"$Moderna, Inc.(MRNA)$probably the last chance to buy now for those who wanna join the ride","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/899327953","isVote":1,"tweetType":1,"viewCount":1643,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559268737601093","authorId":"3559268737601093","name":"可爱ppp","avatar":"https://static.tigerbbs.com/ca3ed1268ef84afef0c3bdc6eee25dca","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3559268737601093","idStr":"3559268737601093"},"content":"Have you made up your own position? I need your leadership","text":"Have you made up your own position? I need your leadership","html":"Have you made up your own position? I need your leadership"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885547780,"gmtCreate":1631805918140,"gmtModify":1676530641986,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"I will just buy both when they are going at discount&nbsp;","listText":"I will just buy both when they are going at discount&nbsp;","text":"I will just buy both when they are going at discount","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/885547780","repostId":"1126607843","repostType":4,"repost":{"id":"1126607843","kind":"news","pubTimestamp":1631785252,"share":"https://ttm.financial/m/news/1126607843?lang=en_US&edition=fundamental","pubTime":"2021-09-16 17:40","market":"us","language":"en","title":"Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction","url":"https://stock-news.laohu8.com/highlight/detail?id=1126607843","media":"seekingalpha","summary":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves at","content":"<p><b>Summary</b></p>\n<ul>\n <li>Objectively, the likelihood of a significant correction in the stock market now deserves attention.</li>\n <li>In the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.</li>\n <li>Apple and&nbsp;Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</li>\n <li>In the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a07b4e98bb726c0044932fc29b3089b3\" tg-width=\"1536\" tg-height=\"1208\" width=\"100%\" height=\"auto\"><span>vicnt/iStock via Getty Images</span></p>\n<p><b>As an introduction...</b></p>\n<p>Since the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05a849f8e9ddf15f484770a5f0227fcd\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>For a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.<i>This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/37eb0178d9d463c7419b99632a6ec614\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p>\n<p>In addition, there are other factors that make us wary of the current price level of the market.</p>\n<p>First, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/10623d7cecd8dec70bb229b809458b68\" tg-width=\"1242\" tg-height=\"918\" width=\"100%\" height=\"auto\"><span>Source: Bank of America</span></p>\n<p>Second, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is&nbsp;already outlined.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69cd6450737ddf3e5fcbd6406c793ba\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p>\n<p>And finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1d6a6a794dde6f4e1d3e6e9149b55060\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p>\n<p>So, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:<i>in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?</i></p>\n<p><b>Why Apple vs. Microsoft?</b></p>\n<p>The decision to compare exactly these two companies was dictated by two factors.</p>\n<p>Firstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:</p>\n<p><img src=\"https://static.tigerbbs.com/cf3ef401b67c298ecbd9d56d31fc6927\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31417d34d6eacb724c20b3a274068467\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: VisualizedAnalytics</span></p>\n<p>Secondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.</p>\n<p><b>Some Statistics</b></p>\n<p>To begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.</p>\n<p>To do this, I have broken the three-year span into eight periods of market movement:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/edfd9dec91d94990cf5217aa649758ac\" tg-width=\"947\" tg-height=\"578\" width=\"100%\" height=\"auto\"><span>Source: TradingView, Author</span></p>\n<p>Here are the results that companies have shown in each of the periods:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/868067f19c2251bfdb0658a251596fcc\" tg-width=\"640\" tg-height=\"214\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>At first glance, the statistics are unambiguous:<i>during periods of correction, the price of Microsoft tends to decrease less than that of Apple.</i>But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.</p>\n<p>But in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...</p>\n<p><b>Fundamentals</b></p>\n<p>Exclusively in an investment context, the price of a company's share can be viewed from two points of view.</p>\n<p>On the one hand, the price reflects the present value of the company's&nbsp;<b>future cash flow</b>. On the other hand, the price is the present value of the sum of&nbsp;<b>all potential dividends</b>that the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.</p>\n<p>In order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.</p>\n<p>Let's start with&nbsp;<b>Apple</b>. Here is the calculation of the Weighted Average Cost of Capital:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f8fc4e5dc7025dd1227ea5279073aa5\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>Notes:</p>\n<ul>\n <li>In order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).</li>\n <li>I used the current&nbsp;value&nbsp;of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.</li>\n <li>To calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.</li>\n</ul>\n<p>Here is the DCF model:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bfb45a9125bb1f465cd34a6a8a6d06a\" tg-width=\"640\" tg-height=\"520\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>The DCF-based target price for Apple's shares is about $181 (+22%).</b></p>\n<p>In the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d84076d0fc1bb5dbec8c1e6e19434153\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>Continuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.</p>\n<p>Apple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.</p>\n<p>Here is the Dividend Discount Model itself:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b8990a8299cc0652d77815710f0ab427\" tg-width=\"640\" tg-height=\"292\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b><i>The DDM-based target price for Apple's shares is $69 (-54%).</i></b></p>\n<p>Now let's take a look at Microsoft.</p>\n<p>Here is the calculation of the WACC:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/15889e90904c69497b749f28bd64190f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>And here is the DCF model:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dca7339e43f534807bf043b1931e1db\" tg-width=\"640\" tg-height=\"506\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b>The DCF-based target price for Microsoft's shares is about $353 (+18%).</b></p>\n<p>Microsoft is also actively buying back shares:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1deec463f584b5eb7913d72938d3e1ca\" tg-width=\"635\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>I proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.</p>\n<p>Here is the Dividend Discount Model:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18c863b92e948f78e518d5619b44647d\" tg-width=\"640\" tg-height=\"283\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p><b><i>The DDM-based target price for Microsoft's shares is $203 (-32%).</i></b></p>\n<p>Let's summarize:</p>\n<p><img src=\"https://static.tigerbbs.com/84b527d82270843e021a89a9ecdf68e6\" tg-width=\"906\" tg-height=\"212\" width=\"100%\" height=\"auto\"></p>\n<p>It is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.</p>\n<p>This suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.</p>\n<p>But during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.</p>\n<p><b>Bottom line</b></p>\n<p>At the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.</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>Apple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Vs. Microsoft: Who Is Inclined To Fall Harder In Case Of Correction\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 17:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves attention.\nIn the recent past, Apple and Microsoft have responded differently to a significant decline...</p>\n\n<a href=\"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction\">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","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4455478-apple-stock-vs-microsoft-stock-who-is-inclined-to-fall-harder-in-case-of-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126607843","content_text":"Summary\n\nObjectively, the likelihood of a significant correction in the stock market now deserves attention.\nIn the recent past, Apple and Microsoft have responded differently to a significant decline in the stock market.\nApple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nIn the event of a hypothetical correction, Microsoft's potential for falling is lower than Apple's.\n\nvicnt/iStock via Getty Images\nAs an introduction...\nSince the last major correction in the US stock market ended in March 2020, the Nasdaq index has risen nearly 170%:\nData by YCharts\nFor a year and a half, this is a very strong result, considering that the average annual total price return of the index over the past decade does not exceed 20%.This fact alone makes us estimate the likelihood of a new significant correction in the stock market higher.\nSource: VisualizedAnalytics\nIn addition, there are other factors that make us wary of the current price level of the market.\nFirst, this year there is a record inflow of liquidity to the stock market. I'm not talking about the reasons now, they are obvious. But this fact alone makes the market extremely volatile:\nSource: Bank of America\nSecond, the relative size of the US stock market has exceeded 200% of nominal GDP. In principle, this is not a fundamental limit. But it was the ultra-soft monetary policy that allowed the US stock market to reach its current record level. And most likely, in this context, a reversal is already outlined.\nSource: VisualizedAnalytics\nAnd finally the third. The macrocycle also allows us to expect the market to enter a phase of increased volatility and tightening of monetary policy:\nSource: VisualizedAnalytics\nSo, objectively, the likelihood of the next correction of the stock market at least deserves attention. And in this context, I propose to answer the question:in case of a correction, which company is inclined to fall harder - Apple (AAPL) or Microsoft (MSFT)?\nWhy Apple vs. Microsoft?\nThe decision to compare exactly these two companies was dictated by two factors.\nFirstly, these are the two largest companies in the tech sector, together accounting for more than 10% of the total capitalization of the US stock market. These companies are so large that, in principle, their dynamics alone can cause a new wave of correction:\n\nSource: VisualizedAnalytics\nSecondly, both companies pay dividends. In matters of fundamental valuation, this factor plays a significant role.\nSome Statistics\nTo begin with, let's take a look at what price dynamics both companies have shown during strong market fluctuations in the recent past.\nTo do this, I have broken the three-year span into eight periods of market movement:\nSource: TradingView, Author\nHere are the results that companies have shown in each of the periods:\nSource: Author\nAt first glance, the statistics are unambiguous:during periods of correction, the price of Microsoft tends to decrease less than that of Apple.But on the other hand, Apple has consistently performed better during periods of market growth. And in this case, the result obtained can simply be explained by the technical factors of the market behavior.\nBut in the current period of growth, both companies demonstrate approximately the same return. And therefore, here we do not find a clue to our question...\nFundamentals\nExclusively in an investment context, the price of a company's share can be viewed from two points of view.\nOn the one hand, the price reflects the present value of the company's future cash flow. On the other hand, the price is the present value of the sum of all potential dividendsthat the company will pay in the future. Let's model these prices for Apple and Microsoft. And for this I will build, respectively, the Discounted Cash Flow Model and the Dividend Discount Model.\nIn order for the models to be less subjective, I will take as a basis the average expectations of analysts regarding the revenue and EPS of the companies in the next decade.\nLet's start with Apple. Here is the calculation of the Weighted Average Cost of Capital:\nSource: Author\nNotes:\n\nIn order to calculate the market rate of return, I used values of equityriskpremium (4.72%) and the current yield of UST10 as a risk-free rate (1.33%).\nI used the current value of the three-year beta coefficient. For a terminal year, I used Beta equal to 1.\nTo calculate the Cost of Debt, I used the interest expense for 2020 divided by the average debt in 2019 and 2018.\n\nHere is the DCF model:\nSource: Author\nThe DCF-based target price for Apple's shares is about $181 (+22%).\nIn the case of Apple, when building the Dividend Discount Model it is also necessary to take into account the fact that the company continues to actively buy back:\nData by YCharts\nContinuing the current dynamics, the model assumes that by the terminal year the number of diluted shares will be reduced to 13.5 billion.\nApple spends an average of 25% of its net income on dividends. I assume that the payout ratio will remain at this level.\nHere is the Dividend Discount Model itself:\nSource: Author\nThe DDM-based target price for Apple's shares is $69 (-54%).\nNow let's take a look at Microsoft.\nHere is the calculation of the WACC:\nSource: Author\nAnd here is the DCF model:\nSource: Author\nThe DCF-based target price for Microsoft's shares is about $353 (+18%).\nMicrosoft is also actively buying back shares:\nData by YCharts\nI proceed from the assumption that the dynamics of the last two years will continue, and by the terminal year, the number of diluted shares will be reduced to 7.2 billion.\nHere is the Dividend Discount Model:\nSource: Author\nThe DDM-based target price for Microsoft's shares is $203 (-32%).\nLet's summarize:\n\nIt is worth noting that I have already been observing similar results in the case of these companies for a long time. I mean, Apple and Microsoft tend to be undervalued in terms of future cash flow, and overvalued in terms of potential dividends.\nThis suggests that during periods of market growth, investors are not particularly inclined to pay attention to dividends. Moreover, most likely dividends are perceived simply as a bonus.\nBut during periods of market correction, the present value of potential dividends is the minimum level below which it is difficult for the price to fall. And in this context, I think Microsoft is in a better position than Apple.\nBottom line\nAt the current stage of the market cycle, when the likelihood of a correction has gone beyond formal, in my opinion, investing in Microsoft is less risky compared to Apple.","news_type":1,"symbols_score_info":{"AAPL":0.9,"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":3514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811189156,"gmtCreate":1630297138075,"gmtModify":1676530260973,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"Just don't crash the market and everyone be happy&nbsp;","listText":"Just don't crash the market and everyone be happy&nbsp;","text":"Just don't crash the market and everyone be happy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/811189156","repostId":"1198438768","repostType":4,"isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896796196,"gmtCreate":1628604300915,"gmtModify":1676529794646,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>to be fair, the movement up yesterday was much faster than the movement down today. Its pretty well-supported already.","listText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>to be fair, the movement up yesterday was much faster than the movement down today. Its pretty well-supported already.","text":"$Moderna, Inc.(MRNA)$to be fair, the movement up yesterday was much faster than the movement down today. Its pretty well-supported already.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896796196","isVote":1,"tweetType":1,"viewCount":1009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898432628,"gmtCreate":1628516705664,"gmtModify":1703507404913,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>time for the buyers to swallow up the sellers. Let's ride the coat tails of biontech today!&nbsp;","listText":"<a href=\"https://laohu8.com/S/MRNA\">$Moderna, Inc.(MRNA)$</a>time for the buyers to swallow up the sellers. Let's ride the coat tails of biontech today!&nbsp;","text":"$Moderna, Inc.(MRNA)$time for the buyers to swallow up the sellers. Let's ride the coat tails of biontech today!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/898432628","isVote":1,"tweetType":1,"viewCount":797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889727157,"gmtCreate":1631181654079,"gmtModify":1676530489302,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>stock with biggest loss on my portfolio but still holding cos its a favourite company&nbsp;","listText":"<a href=\"https://laohu8.com/S/V\">$Visa(V)$</a>stock with biggest loss on my portfolio but still holding cos its a favourite company&nbsp;","text":"$Visa(V)$stock with biggest loss on my portfolio but still holding cos its a favourite company","images":[{"img":"https://static.tigerbbs.com/1ab164f587b7fc0ffc2b2239602d55c5","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889727157","isVote":1,"tweetType":1,"viewCount":1235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":863215920,"gmtCreate":1632396768160,"gmtModify":1676530772093,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"Buy the dip!&nbsp;","listText":"Buy the dip!&nbsp;","text":"Buy the dip!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863215920","repostId":"1190658591","repostType":4,"repost":{"id":"1190658591","kind":"news","pubTimestamp":1632391669,"share":"https://ttm.financial/m/news/1190658591?lang=en_US&edition=fundamental","pubTime":"2021-09-23 18:07","market":"us","language":"en","title":"JPMorgan Team Says Flows Show the Buy-the-Dip Mantra Is at Risk","url":"https://stock-news.laohu8.com/highlight/detail?id=1190658591","media":"Bloomberg","summary":"Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is","content":"<div>\n<p>Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is fraying, according to JPMorgan Chase & Co. strategists.\nAn outflow of $11 billion from equity ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-team-says-flows-show-040018047.html\">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>JPMorgan Team Says Flows Show the Buy-the-Dip Mantra Is at Risk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan Team Says Flows Show the Buy-the-Dip Mantra Is at Risk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 18:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/jpmorgan-team-says-flows-show-040018047.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is fraying, according to JPMorgan Chase & Co. strategists.\nAn outflow of $11 billion from equity ...</p>\n\n<a href=\"https://finance.yahoo.com/news/jpmorgan-team-says-flows-show-040018047.html\">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",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://finance.yahoo.com/news/jpmorgan-team-says-flows-show-040018047.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190658591","content_text":"Flow measures for the S&P 500 Index signal that the psychology of buying the dip in U.S. equities is fraying, according to JPMorgan Chase & Co. strategists.\nAn outflow of $11 billion from equity exchange-traded funds on Sept. 20 -- the biggest on a down day this year outside of quarterly options and futures expirations -- is “rather concerning” because it’s inconsistent with the buy-the-dip behavior that’s helped propel equities higher for months, JPMorgan strategists led by Nikolaos Panigirtzoglou wrote in a note Wednesday.\n“Observing flows for signs that this change in behavior would prove more persistent is important over the coming days,” they said, adding that an inflow on Sept. 21 of $2 billion was “rather muted.”\nThe buy-the-dip mantra among retail investors helped to power the near-doubling in U.S. stocks from pandemic-induced lows in March last year. The phenomenon saw the S&P 500 reliably bounce off its 50-day moving average. But it’s now sitting below that marker as investors fret over waning stimulus, high inflation and a debt crisis in China’s property sector.\nCommentators are split on the outlook for U.S. shares: Goldman Sachs Group Inc.’s Peter Oppenheimer said investors should use a 10% drop to load up on stocks, while BTIG LLC strategist Julian Emanuel has argued that the recent drawdown is likely to morph into a major test of the resolve of retail investors.\nPanigirtzoglou’s team is in wait-and-see mode, saying they need more significant inflows into equity ETFs over coming days to conclude that buy-the-dip is alive and kicking.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882041744,"gmtCreate":1631633979488,"gmtModify":1676530596668,"author":{"id":"3579088083036701","authorId":"3579088083036701","name":"Kullen","avatar":"https://static.tigerbbs.com/70f7df8beaa1dae41bc8f296c3f40294","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3579088083036701","idStr":"3579088083036701"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CROX\">$Crocs(CROX)$</a>&nbsp;wth is going on","listText":"<a href=\"https://laohu8.com/S/CROX\">$Crocs(CROX)$</a>&nbsp;wth is going on","text":"$Crocs(CROX)$ wth is going on","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/882041744","isVote":1,"tweetType":1,"viewCount":3456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}