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2022-10-25

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2022-02-27

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White House Expects "Elevated" but "Out of Date" Inflation Numbers for June

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High inflation and rising interest rates have caused the S&P 500 to dive headlong into a bear market. The broad-based index is currently 21% off its high, but ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street</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\">\n2 Growth Stocks That Could Soar 133% to 226% From Their 52-Week Lows, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-07 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The stock market has crumbled this year. High inflation and rising interest rates have caused the S&P 500 to dive headlong into a bear market. The broad-based index is currently 21% off its high, but ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc","GLBE":"Global-E Online Ltd."},"source_url":"https://www.fool.com/investing/2022/11/06/2-growth-stocks-could-soar-226-from-52-week-low/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2281414614","content_text":"The stock market has crumbled this year. High inflation and rising interest rates have caused the S&P 500 to dive headlong into a bear market. The broad-based index is currently 21% off its high, but many individual growth stocks have fared even worse. For instance, Shopify and Global-e Online have seen their share prices tumble 80% and 73%, respectively, leaving both stocks near 52-week lows.However, some Wall Street analysts remain upbeat. Paul Treiber of RBC Capital has a price target on Shopify of $55 per share, 133% higher than its 52-week low of $23.63. And James Faucette of Morgan Stanley has a price target of $51 per share on Global-e Online, which implies 226% upside from its 52-week low of $15.63.Is it time to buy these growth stocks?Shopify: Omnichannel commerce made easyShopify is the central nervous system for over two million businesses. Its software simplifies commerce by enabling merchants to manage multiple sales channels from a single platform, including online marketplaces like Amazon, social media like Instagram, and direct-to-consumer (D2C) websites. Shopify also provides adjacent solutions for payment processing, financing, and marketing, among others.The company has struggled in the current economic environment. Revenue climbed just 22% to $1.4 billion in the third quarter, and the company posted an adjusted loss of $0.02 per share, compared to an adjusted profit of $0.08 per share last year. Worse yet, Shopify may continue to struggle until inflation normalizes and consumer spending rebounds. But these temporary headwinds are obscuring its true potential. In fact, RBC analyst Paul Treiber recently called Shopify \"one of the most compelling long-term growth stories.\"According to G2 Grid, Shopify is the most popular e-commerce software in terms of market presence, and Shopify Plus -- its commerce suite for larger companies -- is the second most popular platform. That success stems from its support for omnichannel commerce. While marketplace operators herd sellers onto one platform, Shopify helps brands grow across virtually any channel. That includes brick-and-mortar stores and D2C websites, which gives brands complete control over the buyer experience -- something they lack on a marketplace like Amazon -- and can increase the odds of lasting customer relationships.That means Shopify is set to capitalize on a large and growing addressable market. E-commerce sales worldwide are expected to increase 10% annually to reach $7.4 trillion by 2025, according to eMarketer. Better yet, Shopify has a particularly strong foothold in North America. It powered 10.3% of retail e-commerce sales in the U.S. last year -- second only to Amazon -- and that market is expected to grow 12% annually to reach $1.5 trillion by 2025.Currently, shares trade at about 8.5 times sales, an absolute bargain compared to the three-year average of over 36 times sales. That creates a compelling buying opportunity, though investors shouldn't expect triple-digit returns in the next year. The macroeconomic environment is far too uncertain to warrant that type of near-term optimism.Global-e Online: Cross-border e-commerce made easyGlobal-e simplifies cross-border e-commerce by helping merchants optimize their digital stores for international buyers. The Global-e platform localizes details like language, currency, and payment options, and it surfaces data-driven insights to help merchants understand shopper behavior on a market-by-market basis. Those services boost international conversion rates, often by more than 60%, according to the company.Additionally, Global-e provides fulfillment services through a partner network of shipping carriers, and it offers support for returns and customer service. Better yet, its platform removes much of the regulatory complexity associated with international expansion by helping merchants calculate and pay import duties and foreign sales tax. In a nutshell, Global-e makes it easy for businesses to move into new markets, and that value proposition has the company growing like gangbusters.In the second quarter, Global-e saw gross merchandise volume (GMV) soar 64% to $534 million as more brands joined the platform. That feat is particularly impressive given the state of the global economy. In turn, quarterly revenue jumped 52% to $87 million, and the company posted positive free cash flow (FCF) of $30 million. That equates to an impressive FCF margin of 34%.Better yet, investors have good reason to believe that momentum will continue. Cross-border e-commerce sales will total $736 billion in 2023, according to Forrester Research, but Global-e handled just $990 million in GMV through the first half of 2022. That puts the company in front of a massive opportunity, and management has set in motion a strong growth strategy. For instance, Global-e powers Shopify Markets Pro, a sophisticated cross-border solution that makes it possible for Shopify merchants to expand into more than 150 markets overnight.Currently, shares trade at just over 11 times sales, a discount to the historic average of nearly 25. That's why investors should consider buying this growth stock, though Global-e is best viewed as a long-term investment. Triple-digit returns are in the cards but only with enough time for the company to expand into its huge market.","news_type":1,"symbols_score_info":{"GLBE":0.9,"SHOP":0.9}},"isVote":1,"tweetType":1,"viewCount":3632,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9986996883,"gmtCreate":1666872438442,"gmtModify":1676537820480,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9986996883","repostId":"1188343482","repostType":4,"repost":{"id":"1188343482","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1666860026,"share":"https://ttm.financial/m/news/1188343482?lang=en_US&edition=fundamental","pubTime":"2022-10-27 16:40","market":"us","language":"en","title":"Trade Seen Boosting U.S. Economy in Q3; Growth Details Likely Soft","url":"https://stock-news.laohu8.com/highlight/detail?id=1188343482","media":"Reuters","summary":"Third-quarter GDP forecast to increase at a 2.4% rateTrade seen accounting for rebound in growthCons","content":"<html><head></head><body><ul><li>Third-quarter GDP forecast to increase at a 2.4% rate</li><li>Trade seen accounting for rebound in growth</li><li>Consumer spending likely slowed; inventories wild card</li><li>Weekly jobless claims expected to rise moderately</li></ul><p>WASHINGTON, Oct 27 (Reuters) - U.S. economic growth likely rebounded in the third quarter, driven by a shrinking trade deficit, but that would grossly exaggerate the economy&#39;s health as the Federal Reserve&#39;s aggressive interest rate increases dampen demand.</p><p>The Commerce Department&#39;s advance third-quarter gross domestic product on Thursday is expected to show underlying demand in the economy flat last quarter amid a slowdown in consumer spending and moderate growth in business investment.</p><p>Still, the anticipated rebound in growth after two straight quarterly declines in GDP would be further evidence that the economy was not in a recession, though the risks of a downturn have increased as the Fed doubles down on rate hikes to battle the fastest-rising inflation in 40 years.</p><p>&#34;The devil is in the details, and if you strip out trade, GDP will look a lot weaker than the headline number suggests,&#34; said Ryan Sweet, a senior economist at Moody&#39;s Analytics in West Chester, Pennsylvania. &#34;We don&#39;t have a recession in our baseline, but the risks are increasing; we&#39;re going to need a little bit of luck.&#34;</p><p>According to a Reuters survey of economists, GDP growth likely rebounded at a 2.4% annualized rate last quarter after contracting at a 0.6% pace in the second quarter. Estimates ranged from as low as a 0.8% rate to as high as a 3.7% pace.</p><p>The trade deficit appears to have narrowed sharply in part as slowing demand curbed the import bill. Exports also increased for much of last quarter. Economists estimate that the smaller trade gap added as much as 3.0 percentage points to GDP growth.</p><p>The data will have little impact on monetary policy, with Fed officials watching September personal consumption expenditures price data and third quarter labor cost numbers due on Friday, ahead of their Nov. 1-2 policy meeting.</p><p>The U.S. central bank has raised its benchmark overnight interest rate from near zero in March to the current range of 3.00% to 3.25%, the swiftest pace of policy tightening in a generation or more. That rate is likely to end the year in the mid-4% range, based on the Fed officials&#39; own projections and recent comments.</p><p>Wild swings in trade and inventories were behind the contraction in GDP in the first half of the year.</p><h2>SLOWER CONSUMER SPENDING</h2><p>Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to have slowed to about a 1.0% rate from the April-June quarter&#39;s 2.0% pace.</p><p>Consumer spending is being supported by a strong labor market, which is driving up wages. The Labor Department is expected to report on Thursday a modest increase in the number of people filing new claims for unemployment benefits last week, according to a Reuters survey.</p><p>Initial claims for unemployment benefits have remained significantly low despite reports of companies, mostly in the interest rate-sensitive sectors of the economy, laying off workers. A modest rebound in business spending on equipment is predicted after it contracted in the second quarter.</p><p>With consumer spending softening and import growth slowing, inventories are a wild card. Some economists believe inventories, which were the biggest drag on GDP in the second quarter, had a neutral impact on output last quarter. Others still expect them to have remained a burden on growth.</p><p>Final sales to private domestic purchasers, which exclude trade, inventories and government spending, are expected to have been flat, a sign that higher borrowing costs are starting to slow demand. This measure of domestic demand increased at a 0.5% rate in the second quarter.</p><p>Investment in the housing market, which has been hardest hit by higher borrowing costs, is expected to have dropped for the sixth straight quarter. A rebound is expected in government spending after five consecutive quarters of decline.</p><p>&#34;We are starting to see the impacts of tightening come through on the demand side in the housing sector, which in turn should suggest that the Fed will eventually see some of that slowing in inflationary pressures,&#34; said Rhea Thomas, a senior economist at Wilmington Trust in Philadelphia.</p><p>While the pace of inventory accumulation has slowed in recent months, economists worry that a rising stockpile of unsold goods could trigger a recession. Retailers are finding themselves saddled with excess merchandise, because of easing supply chain bottlenecks and ebbing demand for goods, forcing them to offer discounts, which economists say may not be enough.</p><p>Business inventories increased at a rate of $110.2 billion in the second quarter, with economists expecting more or less a similar pace of accumulation last quarter. Inventory runoffs have been responsible for a number of recessions.</p><p>&#34;Inventory runoffs do not get a whole lot of attention, but that&#39;s where I think the weak spot is,&#34; said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. &#34;If inventory runs off, production declines, that hurts employment and therefore spending. It happened a number of times in the postwar period, and I think that is what is happening right now.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trade Seen Boosting U.S. Economy in Q3; Growth Details Likely Soft</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\">\nTrade Seen Boosting U.S. Economy in Q3; Growth Details Likely Soft\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-27 16:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Third-quarter GDP forecast to increase at a 2.4% rate</li><li>Trade seen accounting for rebound in growth</li><li>Consumer spending likely slowed; inventories wild card</li><li>Weekly jobless claims expected to rise moderately</li></ul><p>WASHINGTON, Oct 27 (Reuters) - U.S. economic growth likely rebounded in the third quarter, driven by a shrinking trade deficit, but that would grossly exaggerate the economy&#39;s health as the Federal Reserve&#39;s aggressive interest rate increases dampen demand.</p><p>The Commerce Department&#39;s advance third-quarter gross domestic product on Thursday is expected to show underlying demand in the economy flat last quarter amid a slowdown in consumer spending and moderate growth in business investment.</p><p>Still, the anticipated rebound in growth after two straight quarterly declines in GDP would be further evidence that the economy was not in a recession, though the risks of a downturn have increased as the Fed doubles down on rate hikes to battle the fastest-rising inflation in 40 years.</p><p>&#34;The devil is in the details, and if you strip out trade, GDP will look a lot weaker than the headline number suggests,&#34; said Ryan Sweet, a senior economist at Moody&#39;s Analytics in West Chester, Pennsylvania. &#34;We don&#39;t have a recession in our baseline, but the risks are increasing; we&#39;re going to need a little bit of luck.&#34;</p><p>According to a Reuters survey of economists, GDP growth likely rebounded at a 2.4% annualized rate last quarter after contracting at a 0.6% pace in the second quarter. Estimates ranged from as low as a 0.8% rate to as high as a 3.7% pace.</p><p>The trade deficit appears to have narrowed sharply in part as slowing demand curbed the import bill. Exports also increased for much of last quarter. Economists estimate that the smaller trade gap added as much as 3.0 percentage points to GDP growth.</p><p>The data will have little impact on monetary policy, with Fed officials watching September personal consumption expenditures price data and third quarter labor cost numbers due on Friday, ahead of their Nov. 1-2 policy meeting.</p><p>The U.S. central bank has raised its benchmark overnight interest rate from near zero in March to the current range of 3.00% to 3.25%, the swiftest pace of policy tightening in a generation or more. That rate is likely to end the year in the mid-4% range, based on the Fed officials&#39; own projections and recent comments.</p><p>Wild swings in trade and inventories were behind the contraction in GDP in the first half of the year.</p><h2>SLOWER CONSUMER SPENDING</h2><p>Growth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to have slowed to about a 1.0% rate from the April-June quarter&#39;s 2.0% pace.</p><p>Consumer spending is being supported by a strong labor market, which is driving up wages. The Labor Department is expected to report on Thursday a modest increase in the number of people filing new claims for unemployment benefits last week, according to a Reuters survey.</p><p>Initial claims for unemployment benefits have remained significantly low despite reports of companies, mostly in the interest rate-sensitive sectors of the economy, laying off workers. A modest rebound in business spending on equipment is predicted after it contracted in the second quarter.</p><p>With consumer spending softening and import growth slowing, inventories are a wild card. Some economists believe inventories, which were the biggest drag on GDP in the second quarter, had a neutral impact on output last quarter. Others still expect them to have remained a burden on growth.</p><p>Final sales to private domestic purchasers, which exclude trade, inventories and government spending, are expected to have been flat, a sign that higher borrowing costs are starting to slow demand. This measure of domestic demand increased at a 0.5% rate in the second quarter.</p><p>Investment in the housing market, which has been hardest hit by higher borrowing costs, is expected to have dropped for the sixth straight quarter. A rebound is expected in government spending after five consecutive quarters of decline.</p><p>&#34;We are starting to see the impacts of tightening come through on the demand side in the housing sector, which in turn should suggest that the Fed will eventually see some of that slowing in inflationary pressures,&#34; said Rhea Thomas, a senior economist at Wilmington Trust in Philadelphia.</p><p>While the pace of inventory accumulation has slowed in recent months, economists worry that a rising stockpile of unsold goods could trigger a recession. Retailers are finding themselves saddled with excess merchandise, because of easing supply chain bottlenecks and ebbing demand for goods, forcing them to offer discounts, which economists say may not be enough.</p><p>Business inventories increased at a rate of $110.2 billion in the second quarter, with economists expecting more or less a similar pace of accumulation last quarter. Inventory runoffs have been responsible for a number of recessions.</p><p>&#34;Inventory runoffs do not get a whole lot of attention, but that&#39;s where I think the weak spot is,&#34; said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. &#34;If inventory runs off, production declines, that hurts employment and therefore spending. It happened a number of times in the postwar period, and I think that is what is happening right now.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188343482","content_text":"Third-quarter GDP forecast to increase at a 2.4% rateTrade seen accounting for rebound in growthConsumer spending likely slowed; inventories wild cardWeekly jobless claims expected to rise moderatelyWASHINGTON, Oct 27 (Reuters) - U.S. economic growth likely rebounded in the third quarter, driven by a shrinking trade deficit, but that would grossly exaggerate the economy's health as the Federal Reserve's aggressive interest rate increases dampen demand.The Commerce Department's advance third-quarter gross domestic product on Thursday is expected to show underlying demand in the economy flat last quarter amid a slowdown in consumer spending and moderate growth in business investment.Still, the anticipated rebound in growth after two straight quarterly declines in GDP would be further evidence that the economy was not in a recession, though the risks of a downturn have increased as the Fed doubles down on rate hikes to battle the fastest-rising inflation in 40 years.\"The devil is in the details, and if you strip out trade, GDP will look a lot weaker than the headline number suggests,\" said Ryan Sweet, a senior economist at Moody's Analytics in West Chester, Pennsylvania. \"We don't have a recession in our baseline, but the risks are increasing; we're going to need a little bit of luck.\"According to a Reuters survey of economists, GDP growth likely rebounded at a 2.4% annualized rate last quarter after contracting at a 0.6% pace in the second quarter. Estimates ranged from as low as a 0.8% rate to as high as a 3.7% pace.The trade deficit appears to have narrowed sharply in part as slowing demand curbed the import bill. Exports also increased for much of last quarter. Economists estimate that the smaller trade gap added as much as 3.0 percentage points to GDP growth.The data will have little impact on monetary policy, with Fed officials watching September personal consumption expenditures price data and third quarter labor cost numbers due on Friday, ahead of their Nov. 1-2 policy meeting.The U.S. central bank has raised its benchmark overnight interest rate from near zero in March to the current range of 3.00% to 3.25%, the swiftest pace of policy tightening in a generation or more. That rate is likely to end the year in the mid-4% range, based on the Fed officials' own projections and recent comments.Wild swings in trade and inventories were behind the contraction in GDP in the first half of the year.SLOWER CONSUMER SPENDINGGrowth in consumer spending, which accounts for more than two-thirds of U.S. economic activity, is expected to have slowed to about a 1.0% rate from the April-June quarter's 2.0% pace.Consumer spending is being supported by a strong labor market, which is driving up wages. The Labor Department is expected to report on Thursday a modest increase in the number of people filing new claims for unemployment benefits last week, according to a Reuters survey.Initial claims for unemployment benefits have remained significantly low despite reports of companies, mostly in the interest rate-sensitive sectors of the economy, laying off workers. A modest rebound in business spending on equipment is predicted after it contracted in the second quarter.With consumer spending softening and import growth slowing, inventories are a wild card. Some economists believe inventories, which were the biggest drag on GDP in the second quarter, had a neutral impact on output last quarter. Others still expect them to have remained a burden on growth.Final sales to private domestic purchasers, which exclude trade, inventories and government spending, are expected to have been flat, a sign that higher borrowing costs are starting to slow demand. This measure of domestic demand increased at a 0.5% rate in the second quarter.Investment in the housing market, which has been hardest hit by higher borrowing costs, is expected to have dropped for the sixth straight quarter. A rebound is expected in government spending after five consecutive quarters of decline.\"We are starting to see the impacts of tightening come through on the demand side in the housing sector, which in turn should suggest that the Fed will eventually see some of that slowing in inflationary pressures,\" said Rhea Thomas, a senior economist at Wilmington Trust in Philadelphia.While the pace of inventory accumulation has slowed in recent months, economists worry that a rising stockpile of unsold goods could trigger a recession. Retailers are finding themselves saddled with excess merchandise, because of easing supply chain bottlenecks and ebbing demand for goods, forcing them to offer discounts, which economists say may not be enough.Business inventories increased at a rate of $110.2 billion in the second quarter, with economists expecting more or less a similar pace of accumulation last quarter. Inventory runoffs have been responsible for a number of recessions.\"Inventory runoffs do not get a whole lot of attention, but that's where I think the weak spot is,\" said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles. \"If inventory runs off, production declines, that hurts employment and therefore spending. It happened a number of times in the postwar period, and I think that is what is happening right now.\"","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3924,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988561451,"gmtCreate":1666790452373,"gmtModify":1676537806691,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9988561451","repostId":"1185262680","repostType":4,"repost":{"id":"1185262680","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1666785717,"share":"https://ttm.financial/m/news/1185262680?lang=en_US&edition=fundamental","pubTime":"2022-10-26 20:01","market":"us","language":"en","title":"Pre-Bell｜Nasdaq Futures Drop Over 1%; Big Tech Tumbles","url":"https://stock-news.laohu8.com/highlight/detail?id=1185262680","media":"Tiger Newspress","summary":"Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results ","content":"<html><head></head><body><p>Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses among megacap companies and raised fears of slowing economic growth.</p><p>Microsoft Corp posted itslowest sales growth in five years and forecast second-quarter revenue below Wall Street estimates, while Alphabet reported downbeat ad salesand warned of a slowdownin advertising spending.</p><p>Shares of both companies fell around 6% each in premarket trading and weighed on Amazon.com and Apple, which are scheduled to report results later this week. They were down 3.2% and 0.4%, respectively.</p><h2>Market Snapshot</h2><p>At 6:50 a.m. ET, Dow e-minis were down 34 points, or 0.11%, S&amp;P 500 e-minis were down 29 points, or 0.75%, and Nasdaq 100 e-minis were down 200.5 points, or 1.71%.</p><p><img src=\"https://static.tigerbbs.com/5f514a55f06f0401ccea3e843d9953cb\" tg-width=\"454\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p><b>Alphabet (GOOGL)</b> – Alphabet slumped 6.2% in the premarket after it reported lower-than-expected quarterly profit and revenue. Alphabet&#39;s Google unit saw its fifth consecutive quarter of slower sales growth, and its YouTube operation saw ad revenue drop for the first time since the company began breaking out the unit&#39;s results.</p><p><b>Microsoft (MSFT)</b> – Microsoft took a 6% premarket hit following its quarterly results despite beats on both its top and bottom lines. Microsoft expects a significant decline in personal computer sales, which will in turn continue to hit sales of its Windows operating system. The company also forecast an impact from a stronger U.S. dollar.</p><p><b>Visa (V)</b> – Visa reported better-than-expected profit and revenue for the third quarter as payment volumes jumped. Visa shares gained 2% in the premarket.</p><p><b>Spotify (SPOT)</b> – Spotify shares slid 6.3% in premarket action after the streaming service posted a wider-than-expected loss. Spotify&#39;s revenue came in slightly above analyst forecasts and its monthly active user total exceeded estimates.</p><p><b>Boeing (BA)</b> – Boeing added 1% in the premarket in spite of reporting an unexpected quarterly loss and revenue that fell below Street forecasts. The jet maker maintained its yearly cash flow forecast despite difficulties in elevating commercial jet production.</p><p><b>Hilton Worldwide (HLT)</b> – Hilton added 1% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year forecast. The hotel operator continues to benefit from strong travel demand.</p><p><b>Harley-Davidson (HOG)</b> – Higher shipments and strong pricing helped the iconic motorcycle maker beat top and bottom line estimates with its quarterly results. Harley shares gained 3.7% in premarket trading.</p><p><b>Waste Management (WM)</b> – Waste Management shares jumped 3% in premarket action after reporting better-than-expected quarterly earnings. The company said it benefited from continued strength in its trash collection business and successful cost controls.</p><p><b>Kraft Heinz (KHC)</b>– The food producer&#39;s shares rallied 3.2% following its quarterly results, which saw it beat top and bottom line estimates as it successfully raised prices. That helped offset reduced demand.</p><p><b>Mobileye (MBLY)</b>– Mobileye priced its initial public offering at $21 per share, above the expected range of $18 to $20. Chipmaker Intel (INTC), which bought the self-driving car systems maker in 2017 for $15.3 billion, will maintain voting control.</p><p><b>Mattel (MAT)</b>– Mattel slid 5.5% in premarket trading after the toy maker cut its full-year profit forecast. It plans to increase holiday season promotions to offset inflation-induced consumer reluctance. Mattel reported a better-than-expected profit for its latest quarter, with revenue falling slightly shy of analyst forecasts.</p><h2>Market News</h2><h3>Cloud to PCs, Microsoft Forecasts Spook Investors As Economy Bites</h3><p>Microsoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit.</p><p>Revenue growth in the first quarter was Microsoft&#39;s lowest in five years.</p><p>Microsoft&#39;s cloud business, called Azure, has supercharged revenue growth at the software giant for years. But in its first fiscal quarter of 2023, that growth dropped to 35% and the company projects that to drop again in the current quarter, which is its second quarter. Microsoft missed the 36.5% analyst target compiled by Visible Alpha due to a stronger dollar.</p><h3>Alphabet&#39;s Miss Fans Inflation Fears Across Digital Advertising</h3><p>Google parent Alphabet Inc&#39;s disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown.</p><p>Alphabet called out slowing spending by advertisers on YouTube, said financial services spending was cooling on Google, and plans to cut hiring by more than half.</p><p>The negative results shattered many expectations that Google, which is the world&#39;s largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on Wall Street that inflation will continue to hurt advertising spending. Last week, smaller rival Snap Inc&#39;s slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Nasdaq Futures Drop Over 1%; Big Tech Tumbles</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\">\nPre-Bell｜Nasdaq Futures Drop Over 1%; Big Tech Tumbles\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-26 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses among megacap companies and raised fears of slowing economic growth.</p><p>Microsoft Corp posted itslowest sales growth in five years and forecast second-quarter revenue below Wall Street estimates, while Alphabet reported downbeat ad salesand warned of a slowdownin advertising spending.</p><p>Shares of both companies fell around 6% each in premarket trading and weighed on Amazon.com and Apple, which are scheduled to report results later this week. They were down 3.2% and 0.4%, respectively.</p><h2>Market Snapshot</h2><p>At 6:50 a.m. ET, Dow e-minis were down 34 points, or 0.11%, S&amp;P 500 e-minis were down 29 points, or 0.75%, and Nasdaq 100 e-minis were down 200.5 points, or 1.71%.</p><p><img src=\"https://static.tigerbbs.com/5f514a55f06f0401ccea3e843d9953cb\" tg-width=\"454\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p><b>Alphabet (GOOGL)</b> – Alphabet slumped 6.2% in the premarket after it reported lower-than-expected quarterly profit and revenue. Alphabet&#39;s Google unit saw its fifth consecutive quarter of slower sales growth, and its YouTube operation saw ad revenue drop for the first time since the company began breaking out the unit&#39;s results.</p><p><b>Microsoft (MSFT)</b> – Microsoft took a 6% premarket hit following its quarterly results despite beats on both its top and bottom lines. Microsoft expects a significant decline in personal computer sales, which will in turn continue to hit sales of its Windows operating system. The company also forecast an impact from a stronger U.S. dollar.</p><p><b>Visa (V)</b> – Visa reported better-than-expected profit and revenue for the third quarter as payment volumes jumped. Visa shares gained 2% in the premarket.</p><p><b>Spotify (SPOT)</b> – Spotify shares slid 6.3% in premarket action after the streaming service posted a wider-than-expected loss. Spotify&#39;s revenue came in slightly above analyst forecasts and its monthly active user total exceeded estimates.</p><p><b>Boeing (BA)</b> – Boeing added 1% in the premarket in spite of reporting an unexpected quarterly loss and revenue that fell below Street forecasts. The jet maker maintained its yearly cash flow forecast despite difficulties in elevating commercial jet production.</p><p><b>Hilton Worldwide (HLT)</b> – Hilton added 1% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year forecast. The hotel operator continues to benefit from strong travel demand.</p><p><b>Harley-Davidson (HOG)</b> – Higher shipments and strong pricing helped the iconic motorcycle maker beat top and bottom line estimates with its quarterly results. Harley shares gained 3.7% in premarket trading.</p><p><b>Waste Management (WM)</b> – Waste Management shares jumped 3% in premarket action after reporting better-than-expected quarterly earnings. The company said it benefited from continued strength in its trash collection business and successful cost controls.</p><p><b>Kraft Heinz (KHC)</b>– The food producer&#39;s shares rallied 3.2% following its quarterly results, which saw it beat top and bottom line estimates as it successfully raised prices. That helped offset reduced demand.</p><p><b>Mobileye (MBLY)</b>– Mobileye priced its initial public offering at $21 per share, above the expected range of $18 to $20. Chipmaker Intel (INTC), which bought the self-driving car systems maker in 2017 for $15.3 billion, will maintain voting control.</p><p><b>Mattel (MAT)</b>– Mattel slid 5.5% in premarket trading after the toy maker cut its full-year profit forecast. It plans to increase holiday season promotions to offset inflation-induced consumer reluctance. Mattel reported a better-than-expected profit for its latest quarter, with revenue falling slightly shy of analyst forecasts.</p><h2>Market News</h2><h3>Cloud to PCs, Microsoft Forecasts Spook Investors As Economy Bites</h3><p>Microsoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit.</p><p>Revenue growth in the first quarter was Microsoft&#39;s lowest in five years.</p><p>Microsoft&#39;s cloud business, called Azure, has supercharged revenue growth at the software giant for years. But in its first fiscal quarter of 2023, that growth dropped to 35% and the company projects that to drop again in the current quarter, which is its second quarter. Microsoft missed the 36.5% analyst target compiled by Visible Alpha due to a stronger dollar.</p><h3>Alphabet&#39;s Miss Fans Inflation Fears Across Digital Advertising</h3><p>Google parent Alphabet Inc&#39;s disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown.</p><p>Alphabet called out slowing spending by advertisers on YouTube, said financial services spending was cooling on Google, and plans to cut hiring by more than half.</p><p>The negative results shattered many expectations that Google, which is the world&#39;s largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on Wall Street that inflation will continue to hurt advertising spending. Last week, smaller rival Snap Inc&#39;s slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","SPOT":"Spotify Technology S.A.","KHC":"卡夫亨氏",".SPX":"S&P 500 Index",".DJI":"道琼斯","BA":"波音","MSFT":"微软","V":"Visa",".IXIC":"NASDAQ Composite","AAPL":"苹果","HLT":"希尔顿酒店","HOG":"哈雷戴维森","MBLY":"Mobileye Global Inc.","MAT":"美国美泰公司","GOOGL":"谷歌A"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185262680","content_text":"Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses among megacap companies and raised fears of slowing economic growth.Microsoft Corp posted itslowest sales growth in five years and forecast second-quarter revenue below Wall Street estimates, while Alphabet reported downbeat ad salesand warned of a slowdownin advertising spending.Shares of both companies fell around 6% each in premarket trading and weighed on Amazon.com and Apple, which are scheduled to report results later this week. They were down 3.2% and 0.4%, respectively.Market SnapshotAt 6:50 a.m. ET, Dow e-minis were down 34 points, or 0.11%, S&P 500 e-minis were down 29 points, or 0.75%, and Nasdaq 100 e-minis were down 200.5 points, or 1.71%.Pre-Market MoversAlphabet (GOOGL) – Alphabet slumped 6.2% in the premarket after it reported lower-than-expected quarterly profit and revenue. Alphabet's Google unit saw its fifth consecutive quarter of slower sales growth, and its YouTube operation saw ad revenue drop for the first time since the company began breaking out the unit's results.Microsoft (MSFT) – Microsoft took a 6% premarket hit following its quarterly results despite beats on both its top and bottom lines. Microsoft expects a significant decline in personal computer sales, which will in turn continue to hit sales of its Windows operating system. The company also forecast an impact from a stronger U.S. dollar.Visa (V) – Visa reported better-than-expected profit and revenue for the third quarter as payment volumes jumped. Visa shares gained 2% in the premarket.Spotify (SPOT) – Spotify shares slid 6.3% in premarket action after the streaming service posted a wider-than-expected loss. Spotify's revenue came in slightly above analyst forecasts and its monthly active user total exceeded estimates.Boeing (BA) – Boeing added 1% in the premarket in spite of reporting an unexpected quarterly loss and revenue that fell below Street forecasts. The jet maker maintained its yearly cash flow forecast despite difficulties in elevating commercial jet production.Hilton Worldwide (HLT) – Hilton added 1% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year forecast. The hotel operator continues to benefit from strong travel demand.Harley-Davidson (HOG) – Higher shipments and strong pricing helped the iconic motorcycle maker beat top and bottom line estimates with its quarterly results. Harley shares gained 3.7% in premarket trading.Waste Management (WM) – Waste Management shares jumped 3% in premarket action after reporting better-than-expected quarterly earnings. The company said it benefited from continued strength in its trash collection business and successful cost controls.Kraft Heinz (KHC)– The food producer's shares rallied 3.2% following its quarterly results, which saw it beat top and bottom line estimates as it successfully raised prices. That helped offset reduced demand.Mobileye (MBLY)– Mobileye priced its initial public offering at $21 per share, above the expected range of $18 to $20. Chipmaker Intel (INTC), which bought the self-driving car systems maker in 2017 for $15.3 billion, will maintain voting control.Mattel (MAT)– Mattel slid 5.5% in premarket trading after the toy maker cut its full-year profit forecast. It plans to increase holiday season promotions to offset inflation-induced consumer reluctance. Mattel reported a better-than-expected profit for its latest quarter, with revenue falling slightly shy of analyst forecasts.Market NewsCloud to PCs, Microsoft Forecasts Spook Investors As Economy BitesMicrosoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit.Revenue growth in the first quarter was Microsoft's lowest in five years.Microsoft's cloud business, called Azure, has supercharged revenue growth at the software giant for years. But in its first fiscal quarter of 2023, that growth dropped to 35% and the company projects that to drop again in the current quarter, which is its second quarter. Microsoft missed the 36.5% analyst target compiled by Visible Alpha due to a stronger dollar.Alphabet's Miss Fans Inflation Fears Across Digital AdvertisingGoogle parent Alphabet Inc's disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown.Alphabet called out slowing spending by advertisers on YouTube, said financial services spending was cooling on Google, and plans to cut hiring by more than half.The negative results shattered many expectations that Google, which is the world's largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on Wall Street that inflation will continue to hurt advertising spending. Last week, smaller rival Snap Inc's slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization.","news_type":1,"symbols_score_info":{"GOOGL":0.9,"HOG":0.9,".IXIC":0.9,"KHC":0.9,"MAT":0.9,"MSFT":0.9,"AAPL":0.9,".SPX":0.9,"SPOT":0.9,"V":0.9,"MBLY":0.9,"HLT":0.9,"BA":0.9,"AMZN":0.9,".DJI":0.9,"ESmain":0.9,"YMmain":0.9,"NQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988125575,"gmtCreate":1666701417397,"gmtModify":1676537792157,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9988125575","repostId":"1113956037","repostType":4,"isVote":1,"tweetType":1,"viewCount":3875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983272320,"gmtCreate":1666264023161,"gmtModify":1676537732371,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9983272320","repostId":"9917968985","repostType":1,"repost":{"id":9917968985,"gmtCreate":1665413027847,"gmtModify":1676537602286,"author":{"id":"3479274725915373","authorId":"3479274725915373","name":"wigglyz","avatar":"https://static.tigerbbs.com/11f0390f4344fa15e794478b64ee460f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3479274725915373","authorIdStr":"3479274725915373"},"themes":[],"htmlText":"The reasons this works:1) partnership reaffirms DKNG as #1 or #2 in space long term. There will be consolidation - down to 3 or 4 within 3 years and v be wing in top 2 is critical for efficiencies..2) DIS already owns 4%. Don’t be surprised if they up the stake.3) ESPN now at a competitive advantage vs other networks in bidding for live sports—they have additional rev stream, rev share from gambling, to add to advertising revs. This means more exposure for DKNG too with more games. Win-win.4). Enormous cross promotion opportunities. In-game betting integration, Sharing databases, improving DKNG tiered loyalty program offering customers free ESPN+, live stats, live experiences, etc. Too many to mention that gives DKNG huge competitive advantage.DKNG makes ESPN more relevant and a successful","listText":"The reasons this works:1) partnership reaffirms DKNG as #1 or #2 in space long term. There will be consolidation - down to 3 or 4 within 3 years and v be wing in top 2 is critical for efficiencies..2) DIS already owns 4%. Don’t be surprised if they up the stake.3) ESPN now at a competitive advantage vs other networks in bidding for live sports—they have additional rev stream, rev share from gambling, to add to advertising revs. This means more exposure for DKNG too with more games. Win-win.4). Enormous cross promotion opportunities. In-game betting integration, Sharing databases, improving DKNG tiered loyalty program offering customers free ESPN+, live stats, live experiences, etc. Too many to mention that gives DKNG huge competitive advantage.DKNG makes ESPN more relevant and a successful","text":"The reasons this works:1) partnership reaffirms DKNG as #1 or #2 in space long term. There will be consolidation - down to 3 or 4 within 3 years and v be wing in top 2 is critical for efficiencies..2) DIS already owns 4%. Don’t be surprised if they up the stake.3) ESPN now at a competitive advantage vs other networks in bidding for live sports—they have additional rev stream, rev share from gambling, to add to advertising revs. This means more exposure for DKNG too with more games. Win-win.4). Enormous cross promotion opportunities. In-game betting integration, Sharing databases, improving DKNG tiered loyalty program offering customers free ESPN+, live stats, live experiences, etc. Too many to mention that gives DKNG huge competitive advantage.DKNG makes ESPN more relevant and a successful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917968985","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2987,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989283525,"gmtCreate":1666015901967,"gmtModify":1676537692697,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9989283525","repostId":"2276507182","repostType":4,"isVote":1,"tweetType":1,"viewCount":3331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9980268135,"gmtCreate":1665745228128,"gmtModify":1676537658950,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9980268135","repostId":"1185226858","repostType":4,"repost":{"id":"1185226858","kind":"news","pubTimestamp":1665737740,"share":"https://ttm.financial/m/news/1185226858?lang=en_US&edition=fundamental","pubTime":"2022-10-14 16:55","market":"us","language":"en","title":"JPMorgan, Morgan Stanley, McDonald, Wells Fargo, Citigroup And More: U.S. Stocks To Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1185226858","media":"Benzinga","summary":"With US stock futures trading slightly higher this morning on Friday, some of the stocks that may gr","content":"<div>\n<p>With US stock futures trading slightly higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Morgan Stanley to report quarterly ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/22/10/29264878/jpmorgan-morgan-stanley-and-3-stocks-to-watch-heading-into-friday\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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, Morgan Stanley, McDonald, Wells Fargo, Citigroup And More: U.S. Stocks To Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-14 16:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/22/10/29264878/jpmorgan-morgan-stanley-and-3-stocks-to-watch-heading-into-friday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With US stock futures trading slightly higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Morgan Stanley to report quarterly ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/22/10/29264878/jpmorgan-morgan-stanley-and-3-stocks-to-watch-heading-into-friday\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MS":"摩根士丹利","WFC":"富国银行","JPM":"摩根大通","C":"花旗","MCD":"麦当劳"},"source_url":"https://www.benzinga.com/news/earnings/22/10/29264878/jpmorgan-morgan-stanley-and-3-stocks-to-watch-heading-into-friday","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185226858","content_text":"With US stock futures trading slightly higher this morning on Friday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Morgan Stanley to report quarterly earnings at $29.58 per share on revenue of $266.82 billion before the opening bell.Analysts are expecting JPMorgan Chase & Co. to have earned $2.88 per share on revenue of $32.03 billion for the latest quarter. The company will release earnings before the markets open.McDonald's Corporation boosted its quarterly cash dividend by 10% from $1.38 per share to $1.52 per share.Before the opening bell, Wells Fargo & Company is projected to post quarterly earnings at $1.08 per share on revenue of $18.77 billion. Analysts expect Citigroup Inc. to post quarterly earnings at $1.42 per share on revenue of $18.26 billion before the opening bell.","news_type":1,"symbols_score_info":{"WFC":0.9,"C":0.9,"JPM":0.9,"MS":0.9,"MCD":0.9}},"isVote":1,"tweetType":1,"viewCount":3399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914538554,"gmtCreate":1665306047978,"gmtModify":1676537585911,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9914538554","repostId":"1197842233","repostType":4,"isVote":1,"tweetType":1,"viewCount":3527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914982328,"gmtCreate":1665157054164,"gmtModify":1676537566165,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9914982328","repostId":"2273803113","repostType":4,"repost":{"id":"2273803113","kind":"news","pubTimestamp":1665131530,"share":"https://ttm.financial/m/news/2273803113?lang=en_US&edition=fundamental","pubTime":"2022-10-07 16:32","market":"us","language":"en","title":"Apple: Why I Bought More At $140","url":"https://stock-news.laohu8.com/highlight/detail?id=2273803113","media":"Seeking Alpha","summary":"SummaryI placed a limit buy order for Apple at $140 in September. The order was triggered last Frida","content":"<html><head></head><body><h2>Summary</h2><ul><li>I placed a limit buy order for Apple at $140 in September. The order was triggered last Friday thanks to market volatility, and now I own more shares.</li><li>There is no doubt that the business faces many short-term challenges.</li><li>However, as Buffett commented, if you have to closely follow the day-to-day stuff, you should not own it in the first place.</li><li>This wisdom is true for Apple more than anything else in my mind.</li><li>Moreover, the market underestimates (or misunderstands) its SaaS potential and creates a mispricing.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14d264625dbfe4fe0a4446b0ae1cf349\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Seremin</span></p><h2>Investment thesis</h2><p>During the last week of September (September 25 to be exact), I sent an alert to our marketplace members. The alert informed them that I placed a limit buy order for Apple (NASDAQ:AAPL) at $140 and mythought process (the stock price then was about $150.5). A price of $140 corresponds to about 22x of its FW PE. To me, any valuation near 20x is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 22x PE would provide about 5% owners earnings yield, leading to a total return close to double digits. For a stock like AAPL, I am always happy to buy/add when the total annual return is close to 10% or above. A 10% return is healthy enough to start with. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10% annual return is almost 3x of what you can get from bonds in the long term.</p><p>Also, to put things under historical perspective, a valuation around 22x is also below the historical average of 24.7x in recent years by about 10% (11% to be exact), leaving a comfortable margin of safety. And also, bear in mind that the stock was so obviously before 2021 and those levels are outliers in my mind. So, the historical average of 24.75x is already biased.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0abaa433019690a8212d9df8d71726d\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><p>All told, thanks to market volatility, the stock price dipped below $140 a few days later on Sept 30. The order is triggered, and now I own more AAPL shares. I of course do not want to pretend that I have any idea that its price would actually dip below $140 or not. However, I do have a good sense of its intrinsic value and the magnitude of market gyrations. And as a long-term and patient investor, I do know that 22x PE is a good deal for a stock like AAPL.</p><h2>Near-term challenges</h2><p>There is no shortage of external challenges in the near term. And these challenges can be substantial, too. They will continue to weigh on performance over the near term. These challenges include new variants of COVID-19, the ongoing war between Russia and Ukraine, unfavorable currency exchange rates, and high inflation and rising interest rates. In particular, you can see the effects that these headwinds have exerted on its margins. Over the past few quarters, its gross margin shrank by more than 200 basis points from a peak of 43.76% to 41.04%. Net profit margin shrank even more, by more than 450 basis points from a peak of 27.9% to 23.4%. China, its key market, had to lock down several of its key cities in the H1 of the year due to COVID-19, and the ongoing pandemic situation probably would lead to more lockdowns, which have impacted its sales and production and would very likely continue to in the near future.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f2a9e2475e37539082fb89230bb995b\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><h2>AAPL and Buffettism</h2><p>However, as Buffett commented, if you have to closely follow the day-to-day stuff of a stock, you should not own it in the first place. He was once asked about his AAPL position during a Yahoo! Finance interview. You can see the full interview here, full of typical Buffett-style wisdom and highly recommended. The following is an excerpt and the highlights are added by me.</p><blockquote><i>Yahoo Finance: how closely do you follow the company? You know, people are concerned they really have not introduced any new products.</i></blockquote><blockquote><i>Buffett:</i> <i><b>Well, if you have to closely follow the company, you should not own it in the first place. If you buy a business, say you buy a farm, do you go up and look every couple of weeks to see how far the corn has grown up?</b></i> <i>Do you worry too much about whether somebody says this year is going to be a year of low corn prices because exports are being affected or something? You know, it does not grow faster if I go and stare at it…</i><i><b>AlthoughI do care over the years that it is well tended to in terms of rotating crops. And I hope yields get better.</b></i></blockquote><p>In my mind, this wisdom is truer for Apple than anything else. A high-yield farm is what exactly it is. As a high-yield farm, investors should have the perspective to overlook its daily (or even yearly) noises and focus on the long term, as detailed next.</p><h2>Business outlook and projected returns</h2><p>I am optimistic about its future. The company has displayed remarkable resilience in the face of the difficult operating backdrop in the past. And I am certain that this time is no different. The inflation or drag from foreign exchange rates may worsen in the near term. But remember, Buffett&#39;s other wisdom is<i>not</i>to pick stocks based on macroeconomic parameters - which are totally unpredictable and out of anyone&#39;s control.</p><p>Altogether, consensus estimates look for share net to come in around $6.46 in 2023. And again, at a price of $140, the PE would be about 22x. Based on the consensus estimates, the growth rate would be about 4.6% CAGR in the next few years, which agrees with my back-of-envelope estimate closely. As aforementioned, at about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates.</p><p>All told, a 22x entry PE, combined with a ~5% growth rate, should provide about 10% total return for a long-term business owner.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d4adcc41419bcccde9ab540b89f003c\" tg-width=\"640\" tg-height=\"260\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><p>Notably, services-related revenues should continue to advance and represent a strong engine for future growth. In this sense, AAPL is transitioning (or you can argue it has successfully transitioned already) from a hardware business into a subscription-based SaaS business.</p><p>According to this report, it added ~30 million paid subscriptions in 2022 alone. Total revenues from services have been growing steadily and rapidly over the years and have reached $19.8 billion. In Q2 2022. Compared to $17.0 billion raked in from services during Q2 2021, this represented an annual growth rate of 16.5%, far outpacing the growth rates of its total revenue. Broadening the timeframe a bit, the growth in its revenues from services has grown more than 230% since 2017, also far outpacing the growth of its product sales (which increased by about 160%). In its latest earnings report, Tim Cook reported a mind-boggling total of 816 million paid subscriptions across its various services ranging from Apple Music, iCloud, and Apple TV+.</p><p>Going forward, I see such a large user base to further grow given Apple&#39;s popularity and premium status. In my view, the market underestimates (or misunderstands) its SaaS potential. As seen from the chart below, it is trading at a sizeable discount relative to other more &#34;standard&#34; SaaS stocks. To wit, in terms of FY1 PE, it is trading slightly below Microsoft Corporation by about 4%, about 20% below Intuit Inc, and more than 27% below Salesforce Inc.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/267e4208372cf220c56b8cfcab38cd7c\" tg-width=\"640\" tg-height=\"206\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><h2>Risks and final thoughts</h2><p>To recap, there is no doubt that the business faces many short-term challenges. These challenges include the veritable list of the COVID-19 pandemic, the ongoing Russian/Ukraine situation, currency exchange rates, high inflation, and global supply chain disruptions. It also faces its own unique challenges such as margin pressure, cost control, and disruptions in its key China market.</p><p>However, the whole point of owning a stock like AAPL is that you do not have to worry about the quarterly noises. If you do, you defeat the purpose completely and should not own it in the first place. To me, any valuation near 20x is very attractive for a stock with ROCE and financial strength like AAPL. A ~20x PE provides about 5% owner&#39;s earnings yield. And an ROCE near 100% easily leads to 5% growth rates with minimal reinvestments, resulting in a double-digit return potential already.</p><p>Finally, specific to AAPL, the revenues and growth composition are also shifting to service and subscription, further augmenting its stickiness and profitability. The market underestimates (or misunderstands) its SaaS potential and most likely will regret it.</p><p><i>This article is written by Envision Research for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Why I Bought More At $140</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: Why I Bought More At $140\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-07 16:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4544974-apple-why-i-bought-more-140><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI placed a limit buy order for Apple at $140 in September. The order was triggered last Friday thanks to market volatility, and now I own more shares.There is no doubt that the business faces ...</p>\n\n<a href=\"https://seekingalpha.com/article/4544974-apple-why-i-bought-more-140\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4544974-apple-why-i-bought-more-140","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273803113","content_text":"SummaryI placed a limit buy order for Apple at $140 in September. The order was triggered last Friday thanks to market volatility, and now I own more shares.There is no doubt that the business faces many short-term challenges.However, as Buffett commented, if you have to closely follow the day-to-day stuff, you should not own it in the first place.This wisdom is true for Apple more than anything else in my mind.Moreover, the market underestimates (or misunderstands) its SaaS potential and creates a mispricing.SereminInvestment thesisDuring the last week of September (September 25 to be exact), I sent an alert to our marketplace members. The alert informed them that I placed a limit buy order for Apple (NASDAQ:AAPL) at $140 and mythought process (the stock price then was about $150.5). A price of $140 corresponds to about 22x of its FW PE. To me, any valuation near 20x is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 22x PE would provide about 5% owners earnings yield, leading to a total return close to double digits. For a stock like AAPL, I am always happy to buy/add when the total annual return is close to 10% or above. A 10% return is healthy enough to start with. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10% annual return is almost 3x of what you can get from bonds in the long term.Also, to put things under historical perspective, a valuation around 22x is also below the historical average of 24.7x in recent years by about 10% (11% to be exact), leaving a comfortable margin of safety. And also, bear in mind that the stock was so obviously before 2021 and those levels are outliers in my mind. So, the historical average of 24.75x is already biased.Source: Seeking Alpha dataAll told, thanks to market volatility, the stock price dipped below $140 a few days later on Sept 30. The order is triggered, and now I own more AAPL shares. I of course do not want to pretend that I have any idea that its price would actually dip below $140 or not. However, I do have a good sense of its intrinsic value and the magnitude of market gyrations. And as a long-term and patient investor, I do know that 22x PE is a good deal for a stock like AAPL.Near-term challengesThere is no shortage of external challenges in the near term. And these challenges can be substantial, too. They will continue to weigh on performance over the near term. These challenges include new variants of COVID-19, the ongoing war between Russia and Ukraine, unfavorable currency exchange rates, and high inflation and rising interest rates. In particular, you can see the effects that these headwinds have exerted on its margins. Over the past few quarters, its gross margin shrank by more than 200 basis points from a peak of 43.76% to 41.04%. Net profit margin shrank even more, by more than 450 basis points from a peak of 27.9% to 23.4%. China, its key market, had to lock down several of its key cities in the H1 of the year due to COVID-19, and the ongoing pandemic situation probably would lead to more lockdowns, which have impacted its sales and production and would very likely continue to in the near future.Source: Seeking Alpha dataAAPL and BuffettismHowever, as Buffett commented, if you have to closely follow the day-to-day stuff of a stock, you should not own it in the first place. He was once asked about his AAPL position during a Yahoo! Finance interview. You can see the full interview here, full of typical Buffett-style wisdom and highly recommended. The following is an excerpt and the highlights are added by me.Yahoo Finance: how closely do you follow the company? You know, people are concerned they really have not introduced any new products.Buffett: Well, if you have to closely follow the company, you should not own it in the first place. If you buy a business, say you buy a farm, do you go up and look every couple of weeks to see how far the corn has grown up? Do you worry too much about whether somebody says this year is going to be a year of low corn prices because exports are being affected or something? You know, it does not grow faster if I go and stare at it…AlthoughI do care over the years that it is well tended to in terms of rotating crops. And I hope yields get better.In my mind, this wisdom is truer for Apple than anything else. A high-yield farm is what exactly it is. As a high-yield farm, investors should have the perspective to overlook its daily (or even yearly) noises and focus on the long term, as detailed next.Business outlook and projected returnsI am optimistic about its future. The company has displayed remarkable resilience in the face of the difficult operating backdrop in the past. And I am certain that this time is no different. The inflation or drag from foreign exchange rates may worsen in the near term. But remember, Buffett's other wisdom isnotto pick stocks based on macroeconomic parameters - which are totally unpredictable and out of anyone's control.Altogether, consensus estimates look for share net to come in around $6.46 in 2023. And again, at a price of $140, the PE would be about 22x. Based on the consensus estimates, the growth rate would be about 4.6% CAGR in the next few years, which agrees with my back-of-envelope estimate closely. As aforementioned, at about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates.All told, a 22x entry PE, combined with a ~5% growth rate, should provide about 10% total return for a long-term business owner.Source: Seeking Alpha dataNotably, services-related revenues should continue to advance and represent a strong engine for future growth. In this sense, AAPL is transitioning (or you can argue it has successfully transitioned already) from a hardware business into a subscription-based SaaS business.According to this report, it added ~30 million paid subscriptions in 2022 alone. Total revenues from services have been growing steadily and rapidly over the years and have reached $19.8 billion. In Q2 2022. Compared to $17.0 billion raked in from services during Q2 2021, this represented an annual growth rate of 16.5%, far outpacing the growth rates of its total revenue. Broadening the timeframe a bit, the growth in its revenues from services has grown more than 230% since 2017, also far outpacing the growth of its product sales (which increased by about 160%). In its latest earnings report, Tim Cook reported a mind-boggling total of 816 million paid subscriptions across its various services ranging from Apple Music, iCloud, and Apple TV+.Going forward, I see such a large user base to further grow given Apple's popularity and premium status. In my view, the market underestimates (or misunderstands) its SaaS potential. As seen from the chart below, it is trading at a sizeable discount relative to other more \"standard\" SaaS stocks. To wit, in terms of FY1 PE, it is trading slightly below Microsoft Corporation by about 4%, about 20% below Intuit Inc, and more than 27% below Salesforce Inc.Source: Seeking Alpha dataRisks and final thoughtsTo recap, there is no doubt that the business faces many short-term challenges. These challenges include the veritable list of the COVID-19 pandemic, the ongoing Russian/Ukraine situation, currency exchange rates, high inflation, and global supply chain disruptions. It also faces its own unique challenges such as margin pressure, cost control, and disruptions in its key China market.However, the whole point of owning a stock like AAPL is that you do not have to worry about the quarterly noises. If you do, you defeat the purpose completely and should not own it in the first place. To me, any valuation near 20x is very attractive for a stock with ROCE and financial strength like AAPL. A ~20x PE provides about 5% owner's earnings yield. And an ROCE near 100% easily leads to 5% growth rates with minimal reinvestments, resulting in a double-digit return potential already.Finally, specific to AAPL, the revenues and growth composition are also shifting to service and subscription, further augmenting its stickiness and profitability. The market underestimates (or misunderstands) its SaaS potential and most likely will regret it.This article is written by Envision Research for reference only. Please note the risks.","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":4104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915858284,"gmtCreate":1665014440148,"gmtModify":1676537543411,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9915858284","repostId":"2273289978","repostType":4,"isVote":1,"tweetType":1,"viewCount":3483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912489144,"gmtCreate":1664879639888,"gmtModify":1676537522609,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9912489144","repostId":"2272199820","repostType":4,"repost":{"id":"2272199820","kind":"highlight","pubTimestamp":1664896561,"share":"https://ttm.financial/m/news/2272199820?lang=en_US&edition=fundamental","pubTime":"2022-10-04 23:16","market":"us","language":"en","title":"3 Stocks to Avoid This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2272199820","media":"Motley Fool","summary":"These investments seem pretty vulnerable right now.","content":"<div>\n<p>Investors can't seem to catch a break these days. The \"three stocks to avoid\" in my column last week that I thought were going to lose to the market -- Cracker Barrel Old Country Store, Rite Aid, and ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/02/3-stocks-to-avoid-this-week/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks to Avoid This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks to Avoid This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-04 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/02/3-stocks-to-avoid-this-week/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors can't seem to catch a break these days. The \"three stocks to avoid\" in my column last week that I thought were going to lose to the market -- Cracker Barrel Old Country Store, Rite Aid, and ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/02/3-stocks-to-avoid-this-week/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","CAG":"康尼格拉","GFI":"金田"},"source_url":"https://www.fool.com/investing/2022/10/02/3-stocks-to-avoid-this-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272199820","content_text":"Investors can't seem to catch a break these days. The \"three stocks to avoid\" in my column last week that I thought were going to lose to the market -- Cracker Barrel Old Country Store, Rite Aid, and Lennar -- fell 6%, 29%, and 3%, respectively, averaging out to a 12.7% decline.The S&P 500 experienced a 2.9% move lower, so I was correct. I have been right in 32 of the past 50 weeks, or 64% of the time.Now let's look at the week ahead. I see Apple, Conagra Brands, and Gold Fields as stocks you might want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.1. AppleThe country's most valuable company by market cap -- the only one currently perched above $2 trillion in value -- proved mortal last week. The consumer tech giant tumbled 8%, a big drop for a titan that was previously holding up well against the correcting market. Apple is finally trading closer to its 52-week low than its high.The new iPhone 14 may have generated some buzz when it was unveiled a few weeks ago, but consumers have tired of annual upgrade cycles for smartphones. The incremental improvements are nice, but they may not be enough to woo shoppers who are already clutching their savings harder than they have in a long time.There was a notable analyst downgrade last week. Wamsi Mohan at Bank of America thinks the global climate of inflation, rising interest rates, and geopolitical conflict will weigh on the previously waterproof Apple stock. As a company with heavy volume outside the U.S. market, it's worth noting that the strong dollar will eat into reported revenue from those overseas transactions. There was also a Bloomberg story reporting that Apple is asking suppliers to pare back iPhone 14 production in light of uninspiring global demand.Is Apple overvalued at 23 times trailing earnings? Apple is a company that seems to have one good fiscal year followed by two years of single-digit and sometimes even negative revenue growth. It could bounce back after last week's setback, but when I see all those wireless company ads pitching iPhones for practically nothing, I see a behemoth behind an aspirational brand that could be in trouble.2. Conagra BrandsInstinctively, you don't want to bet against Conagra Brands. It's the company that stocks supermarket shelves with Duncan Hines cake mix, Slim Jim jerky, and Hunt's ketchup. Even in a recession, we have to eat. The problem for a king of brands is that rising food prices are probably sending shoppers to lower-margin house brands. Why buy Conagra's Pam or Reddi-Wip when the store-brand version of the cooking spray or whipped cream is easier on the pocket?Conagra reports financial results for its fiscal first quarter on Thursday morning. Analysts aren't holding out for much, and it's not as if Conagra is an upbeat earnings surprise machine after beating Wall Street profit targets just once over the past three reports. The market sees Conagra growing its revenue by less than 5% this fiscal year, with earnings per share rising even less than that. Sales are expected to slow to just 1% growth next fiscal year. The 3.8% yield should provide some support, but it's not exactly the safe haven it plays itself out to be.3. Gold FieldsSeptember was brutal. It was the market's worst month since March 2020. It was also the worst September -- a month that has historically been challenging -- in 20 years. The bear market may not be over, but it wouldn't surprise me if there was at least a small bounce early in October. This call finds me eyeing Gold Fields.I'm not an expert on South African gold mining stocks, but I saw what happened last week. As most stocks tumbled, precious metals proved shiny. Half of the 10 largest stocks to gain at least 10% last week were gold miners, and Gold Fields commands the largest market of the five stocks on that list. The fundamentals for Gold Fields are fine, and it's in the process of gobbling up a smaller player to expand its global footprint. However, I needed to find a sector that could slide at the expense of a market rally, and tag, you're it, Gold Fields.It's going to be a bumpy road for some of these investments. If you're looking for safe stocks, you aren't likely to find them in Apple, Conagra, and Gold Fields this week.","news_type":1,"symbols_score_info":{"CAG":0.9,"GFI":0.9,"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1025,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912695306,"gmtCreate":1664810843905,"gmtModify":1676537512352,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9912695306","repostId":"1155119620","repostType":4,"repost":{"id":"1155119620","kind":"news","pubTimestamp":1664810520,"share":"https://ttm.financial/m/news/1155119620?lang=en_US&edition=fundamental","pubTime":"2022-10-03 23:22","market":"us","language":"en","title":"Apple: Hello Recession","url":"https://stock-news.laohu8.com/highlight/detail?id=1155119620","media":"Seeking Alpha","summary":"SummaryA friendly reminder that AAPL will be reporting its FQ4'22 earnings on 27 October 2022.It seems that this giant could not escape the dreary recession party, just in time for the upcoming Hallow","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>A friendly reminder that AAPL will be reporting its FQ4&#39;22 earnings on 27 October 2022.</li><li>It seems that this giant could not escape the dreary recession party, just in time for the upcoming Halloween.</li><li>If the reports were indeed true, we might see the company report impacted earnings for H2&#39;22.</li><li>That would put more downward pressure on the stock performance of the world&#39;s largest market cap company, which has been greatly see-sawing for the past year.</li><li>Tragic indeed, since we were more hopeful.</li></ul><p><b>Investment Thesis</b></p><p>Apple&#39;s (NASDAQ:AAPL) throne as the world&#39;s most valuable company seems a little shaky, with the onslaught of negative news thus far. The company had to cut itsiPhone14 production output by -6.66%, back to its original plan of 90M handsets, similar to previous releases. On one hand, we expect some of those headwinds to be well balanced by the robust demand for its premium models, compensating for the lost volume with higher margins. On the other hand, it is apparent that the rising inflation, record high oil/gas prices, China&#39;s economic slump (one of AAPL&#39;s best markets), and geopolitical issues in the EU are impacting consumers&#39; discretionary spending, with the global smartphone market expected to deflate by -6.5% in 2022 to 1.27B units instead.</p><p>It remains to be seen if the Cupertino giant will suffer financially during this economic downturn, since the previous recession in 2008 had impacted AAPL&#39;s top and bottom lines growth to a certain extent. The company reported a notable YoY growth of 14.4% in revenues and 34.69% in net incomes for FY2009, compared to 52.5% and 75.07% in FY2009. The recessionary impacts were considerably mild then, since consumer discretionary spending remained relatively robust for the company.</p><p>Nonetheless, we are already starting to see some stock weaknesses. AAPL has continuously failed to break its resistance level at the $180s and, consequently, lost -22.10% of its value from its peak levels in March and August 2022. The S&amp;P 500 Index had also plunged by -24.10% YTD, indicating peak market pessimism and fear levels. During the previous recession, both stocks had tanked, with AAPL reporting a -52.21% plunge and the S&amp;P 500 a -43.37% plunge between August and December 2008.</p><p>However, all hope is not lost, since the September CPI released in early October may provide the potential catalyst for the stock market&#39;s recovery, due to the Fed&#39;s projected terminal rate of4.6% by 2023. This potentially indicates a 75 basis point hike in November, with January 2023 moderating with a 50 basis point hike. Therefore, we may speculatively assume that most of the pessimism is already baked in, barring an earnings miss ahead. We shall see.</p><p><b>Mr. Market Is Still Hopeful About This Last Frontier</b><img src=\"https://static.tigerbbs.com/6e6e5a1cae35b8931343e48558a302b0\" tg-width=\"640\" tg-height=\"353\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>For FQ4&#39;22, AAPL is expected to report revenues of $88.74B and operating margins of 27.4%, representing an increase of 6.96% though a moderation of 0.4 percentage points QoQ, respectively. Otherwise, an increase of 6.45% and a decline of -1.1 percentage points YoY, respectively, with the latter attributed to the rising costs. It remains to be seen if AAPL will be able to achieve its previous guidance of accelerated sales and gross margins between 41.5% to 42.5% for FQ4&#39;22.</p><p>In contrast, consensus estimates that AAPL will report net incomes of $20.37B and net income margins of 23% for the upcoming quarter, indicating certain headwinds to its profitability, with a minimal increase of 4.78% and a decline of -0.4 percentage points QoQ, respectively. Otherwise, a notable decline of -0.87% and -1.7 percentage points YoY, respectively. With an estimated EPS of $1.27 for FQ4&#39;22, AAPL would be looking at a decent 5.83% QoQ and 2.07% YoY growth. It might just be enough to satisfy Mr. Market&#39;s highly pessimistic outlook, preserving its cult stock status ahead.</p><p><img src=\"https://static.tigerbbs.com/4647325ee184db498185ed216ae70003\" tg-width=\"640\" tg-height=\"354\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>Nonetheless, Mr. Market is cautiously confident about AAPL&#39;s projected cash flow, with a Free Cash Flow (FCF) generation of $21.89B and an FCF margin of 24.6% in FQ4&#39;22. It indicated a decent improvement of 5.29% and -0.5 percentage points QoQ, respectively. Otherwise, massive YoY growth of 28.91% and 4.2 percentage points, respectively. AAPL&#39;s chances of success would be higher as well, assuming aggressive cost cuts across the board. We shall see, given the historical trend of elevated capital expenditures thus far, especially in FQ4s.</p><p><img src=\"https://static.tigerbbs.com/2272b2e2674db1028a34156cdb527164\" tg-width=\"640\" tg-height=\"354\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>Over the next four years, AAPL is expected to report revenue and net income growth at a CAGR of 5.19% and 2.98%, respectively. For now, Mr. Market remains somewhat positive, since these long-term projections and FY2022 estimates remain in line since our previous analysis in August, though slightly discounted by -2.9% since May 2022. Its upcoming earnings call will make or break AAPL&#39;s stock performance, as the EU enters its first winter without Russian gas and the Feds continue to fight against the rising inflation through 2023.</p><p>In the meantime, we encourage you to read our previous article on AAPL, which would help you better understand its position and market opportunities.</p><ul><li>Apple Vs. Meta: Battle Of The Mixed Reality</li><li>AnAppleA Day Keeps The Portfolio Healthy (And Potentially, Recession At Bay)</li><li>CanAppleBe The New Tesla - Smartphone On Wheels By 2025?</li></ul><p><b>So, Is AAPL Stock A Buy, Sell, Or Hold?AAPL 5Y EV/Revenue and P/E Valuations</b><img src=\"https://static.tigerbbs.com/a36ca45afe53753e7a5a6854436f2769\" tg-width=\"640\" tg-height=\"253\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>AAPL is currently trading at an EV/NTM Revenue of 5.81x and NTM P/E of 22.92x, higher than its 5Y mean of 4.63x and 21.94x, respectively. The stock is also trading at $142.84, down -21.91% from its 52 weeks high of $182.94, though at a premium of 10.69% from its 52 weeks low of $129.04. With a consensus estimate price target of $188.22, it is apparent that there is still a notable 32.10% upside from current prices</p><p><b>AAPL &amp; SPY 5Y/1Y Stock Price</b></p><p><img src=\"https://static.tigerbbs.com/2c1e569f2277b0630924e459640a4bc9\" tg-width=\"640\" tg-height=\"167\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Capital IQ</p><p>Both stocks also have had a relatively interesting co-existing relationship in their performance thus far, naturally, since AAPL accounts for 7.1% of the S&amp;P 500 Index weighting. While APPL obviously had better returns thus far for the past 5Y at 289.6% and 10Y at 597.4%, the S&amp;P 500 has also fared comparatively decent with 57.4% and 204.2%, respectively. These numbers are impressive, given that many other stocks have been decimated thus far.</p><p>With the stocks trading below their 50 and 100-day moving averages, both look relatively attractive, considering the massive returns upon market recovery by Q1&#39;23. Naturally, the market will always be full of pitfalls for anyone who tries to pitch the perfect timing, since there may still be some downsides from current levels. As a result, investors with higher risk tolerances may consider nibbling at these levels, fully understanding the great importance of AAPL through the next decade.</p><p>Otherwise, conservative investors (like myself) will be waiting for more clarity from its upcoming earnings call, since the whole market seems to be heading for destruction one way or another. With little catalyst for short-term recovery, the AAPL stock will be testing the June lows of $130s over the next week or so. If that support level is breached, my oh my, we are in for a catastrophic rollercoaster ride indeed. Good luck all.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Hello Recession</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: Hello Recession\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4543980-apple-hello-recession><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryA friendly reminder that AAPL will be reporting its FQ4'22 earnings on 27 October 2022.It seems that this giant could not escape the dreary recession party, just in time for the upcoming ...</p>\n\n<a href=\"https://seekingalpha.com/article/4543980-apple-hello-recession\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4543980-apple-hello-recession","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155119620","content_text":"SummaryA friendly reminder that AAPL will be reporting its FQ4'22 earnings on 27 October 2022.It seems that this giant could not escape the dreary recession party, just in time for the upcoming Halloween.If the reports were indeed true, we might see the company report impacted earnings for H2'22.That would put more downward pressure on the stock performance of the world's largest market cap company, which has been greatly see-sawing for the past year.Tragic indeed, since we were more hopeful.Investment ThesisApple's (NASDAQ:AAPL) throne as the world's most valuable company seems a little shaky, with the onslaught of negative news thus far. The company had to cut itsiPhone14 production output by -6.66%, back to its original plan of 90M handsets, similar to previous releases. On one hand, we expect some of those headwinds to be well balanced by the robust demand for its premium models, compensating for the lost volume with higher margins. On the other hand, it is apparent that the rising inflation, record high oil/gas prices, China's economic slump (one of AAPL's best markets), and geopolitical issues in the EU are impacting consumers' discretionary spending, with the global smartphone market expected to deflate by -6.5% in 2022 to 1.27B units instead.It remains to be seen if the Cupertino giant will suffer financially during this economic downturn, since the previous recession in 2008 had impacted AAPL's top and bottom lines growth to a certain extent. The company reported a notable YoY growth of 14.4% in revenues and 34.69% in net incomes for FY2009, compared to 52.5% and 75.07% in FY2009. The recessionary impacts were considerably mild then, since consumer discretionary spending remained relatively robust for the company.Nonetheless, we are already starting to see some stock weaknesses. AAPL has continuously failed to break its resistance level at the $180s and, consequently, lost -22.10% of its value from its peak levels in March and August 2022. The S&P 500 Index had also plunged by -24.10% YTD, indicating peak market pessimism and fear levels. During the previous recession, both stocks had tanked, with AAPL reporting a -52.21% plunge and the S&P 500 a -43.37% plunge between August and December 2008.However, all hope is not lost, since the September CPI released in early October may provide the potential catalyst for the stock market's recovery, due to the Fed's projected terminal rate of4.6% by 2023. This potentially indicates a 75 basis point hike in November, with January 2023 moderating with a 50 basis point hike. Therefore, we may speculatively assume that most of the pessimism is already baked in, barring an earnings miss ahead. We shall see.Mr. Market Is Still Hopeful About This Last FrontierS&P Capital IQFor FQ4'22, AAPL is expected to report revenues of $88.74B and operating margins of 27.4%, representing an increase of 6.96% though a moderation of 0.4 percentage points QoQ, respectively. Otherwise, an increase of 6.45% and a decline of -1.1 percentage points YoY, respectively, with the latter attributed to the rising costs. It remains to be seen if AAPL will be able to achieve its previous guidance of accelerated sales and gross margins between 41.5% to 42.5% for FQ4'22.In contrast, consensus estimates that AAPL will report net incomes of $20.37B and net income margins of 23% for the upcoming quarter, indicating certain headwinds to its profitability, with a minimal increase of 4.78% and a decline of -0.4 percentage points QoQ, respectively. Otherwise, a notable decline of -0.87% and -1.7 percentage points YoY, respectively. With an estimated EPS of $1.27 for FQ4'22, AAPL would be looking at a decent 5.83% QoQ and 2.07% YoY growth. It might just be enough to satisfy Mr. Market's highly pessimistic outlook, preserving its cult stock status ahead.S&P Capital IQNonetheless, Mr. Market is cautiously confident about AAPL's projected cash flow, with a Free Cash Flow (FCF) generation of $21.89B and an FCF margin of 24.6% in FQ4'22. It indicated a decent improvement of 5.29% and -0.5 percentage points QoQ, respectively. Otherwise, massive YoY growth of 28.91% and 4.2 percentage points, respectively. AAPL's chances of success would be higher as well, assuming aggressive cost cuts across the board. We shall see, given the historical trend of elevated capital expenditures thus far, especially in FQ4s.S&P Capital IQOver the next four years, AAPL is expected to report revenue and net income growth at a CAGR of 5.19% and 2.98%, respectively. For now, Mr. Market remains somewhat positive, since these long-term projections and FY2022 estimates remain in line since our previous analysis in August, though slightly discounted by -2.9% since May 2022. Its upcoming earnings call will make or break AAPL's stock performance, as the EU enters its first winter without Russian gas and the Feds continue to fight against the rising inflation through 2023.In the meantime, we encourage you to read our previous article on AAPL, which would help you better understand its position and market opportunities.Apple Vs. Meta: Battle Of The Mixed RealityAnAppleA Day Keeps The Portfolio Healthy (And Potentially, Recession At Bay)CanAppleBe The New Tesla - Smartphone On Wheels By 2025?So, Is AAPL Stock A Buy, Sell, Or Hold?AAPL 5Y EV/Revenue and P/E ValuationsS&P Capital IQAAPL is currently trading at an EV/NTM Revenue of 5.81x and NTM P/E of 22.92x, higher than its 5Y mean of 4.63x and 21.94x, respectively. The stock is also trading at $142.84, down -21.91% from its 52 weeks high of $182.94, though at a premium of 10.69% from its 52 weeks low of $129.04. With a consensus estimate price target of $188.22, it is apparent that there is still a notable 32.10% upside from current pricesAAPL & SPY 5Y/1Y Stock PriceS&P Capital IQBoth stocks also have had a relatively interesting co-existing relationship in their performance thus far, naturally, since AAPL accounts for 7.1% of the S&P 500 Index weighting. While APPL obviously had better returns thus far for the past 5Y at 289.6% and 10Y at 597.4%, the S&P 500 has also fared comparatively decent with 57.4% and 204.2%, respectively. These numbers are impressive, given that many other stocks have been decimated thus far.With the stocks trading below their 50 and 100-day moving averages, both look relatively attractive, considering the massive returns upon market recovery by Q1'23. Naturally, the market will always be full of pitfalls for anyone who tries to pitch the perfect timing, since there may still be some downsides from current levels. As a result, investors with higher risk tolerances may consider nibbling at these levels, fully understanding the great importance of AAPL through the next decade.Otherwise, conservative investors (like myself) will be waiting for more clarity from its upcoming earnings call, since the whole market seems to be heading for destruction one way or another. With little catalyst for short-term recovery, the AAPL stock will be testing the June lows of $130s over the next week or so. If that support level is breached, my oh my, we are in for a catastrophic rollercoaster ride indeed. Good luck all.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9918310416,"gmtCreate":1664323344135,"gmtModify":1676537431705,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9918310416","repostId":"2270221302","repostType":4,"repost":{"id":"2270221302","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1664320045,"share":"https://ttm.financial/m/news/2270221302?lang=en_US&edition=fundamental","pubTime":"2022-09-28 07:07","market":"us","language":"en","title":"US STOCKS-S&P 500 Ends near Two-Year Low as Bear Market Deepens","url":"https://stock-news.laohu8.com/highlight/detail?id=2270221302","media":"Reuters","summary":"S&P 500 closes at lowest since November 2020Utility, consumer discretionary sectors weigh heavilyInv","content":"<html><head></head><body><ul><li>S&amp;P 500 closes at lowest since November 2020</li><li>Utility, consumer discretionary sectors weigh heavily</li><li>Investors worry about shrinking corporate profit growth</li><li>Indexes: Dow -0.43%, S&amp;P 500 -0.21%, Nasdaq +0.25%</li></ul><p>Sept 27 (Reuters) - Wall Street sank deeper into a bear market on Tuesday, with the S&amp;P 500 recording its lowest close in almost two-years as Federal Reserve policymakers showed an appetite for more interest rate hikes, even at the risk of throwing the economy into a downturn.</p><p>The benchmark S&amp;P 500 is down about 24% from its record high close on Jan. 3. Last week, the Fed signaled that high rates could last through 2023, and the index erased the last of its gains from a summer rally and recorded its lowest close since November 2020.</p><p>The S&amp;P 500 has declined for six straight sessions, its longest losing streak since February 2020.</p><p>Speaking on Tuesday, St. Louis Fed President James Bullard made a case for more rate hikes, while Chicago Fed President Charles Evans said the central bank will need to raise rates by at least another percentage point this year.</p><p>&#34;It&#39;s disappointing, but it&#39;s not a surprise,&#34; said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. &#34;People are concerned about the Federal Reserve, the direction of interest rates, the health of the economy.&#34;</p><p>Analysts at Wells Fargo now see the U.S. central bank taking its target range for the Fed funds rate to between 4.75% and 5.00% by the first quarter of 2023.</p><p>Seven of 11 S&amp;P 500 sector indexes fell, with utilities and consumer staples each down about 1.7% and leading declines.</p><p>The energy sector index rallied 1.2% after Sweden launched a probe into possible sabotage after major leaks in two Russian pipelines that spewed gas into the Baltic Sea.</p><p>Tesla gained 2.5% and Nvidia added 1.5%, with both companies helping keep Nasdaq in positive territory.</p><p>Traders exchanged over $17 billion worth of Tesla shares, more than any other stock.</p><p>The benchmark U.S. 10-year Treasury yield touched its highest level in more than 12 years amid the hawkish comments from Fed officials.</p><p>The Dow Jones Industrial Average fell 0.43% to end at 29,134.99 points, while the S&amp;P 500 lost 0.21% to 3,647.29.</p><p>The Nasdaq Composite climbed 0.25% to 10,829.50.</p><p>Concerns about corporate profits taking a hit from soaring prices and a weaker economy have also roiled Wall Street in the past two weeks.</p><p>Analysts have cut their S&amp;P 500 earnings expectations for the third and fourth quarters, as well as for the full year. For the third quarter, analysts now see S&amp;P 500 earnings per share rising 4.6% year-over-year, compared with 11.1% growth expected at the start of July.</p><p>Volume on U.S. exchanges was 11.7 billion shares, compared with an 11.3 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.25-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted no new 52-week highs and 146 new lows; the Nasdaq Composite recorded 28 new highs and 502 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500 Ends near Two-Year Low as Bear Market Deepens</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500 Ends near Two-Year Low as Bear Market Deepens\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-28 07:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>S&amp;P 500 closes at lowest since November 2020</li><li>Utility, consumer discretionary sectors weigh heavily</li><li>Investors worry about shrinking corporate profit growth</li><li>Indexes: Dow -0.43%, S&amp;P 500 -0.21%, Nasdaq +0.25%</li></ul><p>Sept 27 (Reuters) - Wall Street sank deeper into a bear market on Tuesday, with the S&amp;P 500 recording its lowest close in almost two-years as Federal Reserve policymakers showed an appetite for more interest rate hikes, even at the risk of throwing the economy into a downturn.</p><p>The benchmark S&amp;P 500 is down about 24% from its record high close on Jan. 3. Last week, the Fed signaled that high rates could last through 2023, and the index erased the last of its gains from a summer rally and recorded its lowest close since November 2020.</p><p>The S&amp;P 500 has declined for six straight sessions, its longest losing streak since February 2020.</p><p>Speaking on Tuesday, St. Louis Fed President James Bullard made a case for more rate hikes, while Chicago Fed President Charles Evans said the central bank will need to raise rates by at least another percentage point this year.</p><p>&#34;It&#39;s disappointing, but it&#39;s not a surprise,&#34; said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. &#34;People are concerned about the Federal Reserve, the direction of interest rates, the health of the economy.&#34;</p><p>Analysts at Wells Fargo now see the U.S. central bank taking its target range for the Fed funds rate to between 4.75% and 5.00% by the first quarter of 2023.</p><p>Seven of 11 S&amp;P 500 sector indexes fell, with utilities and consumer staples each down about 1.7% and leading declines.</p><p>The energy sector index rallied 1.2% after Sweden launched a probe into possible sabotage after major leaks in two Russian pipelines that spewed gas into the Baltic Sea.</p><p>Tesla gained 2.5% and Nvidia added 1.5%, with both companies helping keep Nasdaq in positive territory.</p><p>Traders exchanged over $17 billion worth of Tesla shares, more than any other stock.</p><p>The benchmark U.S. 10-year Treasury yield touched its highest level in more than 12 years amid the hawkish comments from Fed officials.</p><p>The Dow Jones Industrial Average fell 0.43% to end at 29,134.99 points, while the S&amp;P 500 lost 0.21% to 3,647.29.</p><p>The Nasdaq Composite climbed 0.25% to 10,829.50.</p><p>Concerns about corporate profits taking a hit from soaring prices and a weaker economy have also roiled Wall Street in the past two weeks.</p><p>Analysts have cut their S&amp;P 500 earnings expectations for the third and fourth quarters, as well as for the full year. For the third quarter, analysts now see S&amp;P 500 earnings per share rising 4.6% year-over-year, compared with 11.1% growth expected at the start of July.</p><p>Volume on U.S. exchanges was 11.7 billion shares, compared with an 11.3 billion average for the full session over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 1.25-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted no new 52-week highs and 146 new lows; the Nasdaq Composite recorded 28 new highs and 502 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2270221302","content_text":"S&P 500 closes at lowest since November 2020Utility, consumer discretionary sectors weigh heavilyInvestors worry about shrinking corporate profit growthIndexes: Dow -0.43%, S&P 500 -0.21%, Nasdaq +0.25%Sept 27 (Reuters) - Wall Street sank deeper into a bear market on Tuesday, with the S&P 500 recording its lowest close in almost two-years as Federal Reserve policymakers showed an appetite for more interest rate hikes, even at the risk of throwing the economy into a downturn.The benchmark S&P 500 is down about 24% from its record high close on Jan. 3. Last week, the Fed signaled that high rates could last through 2023, and the index erased the last of its gains from a summer rally and recorded its lowest close since November 2020.The S&P 500 has declined for six straight sessions, its longest losing streak since February 2020.Speaking on Tuesday, St. Louis Fed President James Bullard made a case for more rate hikes, while Chicago Fed President Charles Evans said the central bank will need to raise rates by at least another percentage point this year.\"It's disappointing, but it's not a surprise,\" said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. \"People are concerned about the Federal Reserve, the direction of interest rates, the health of the economy.\"Analysts at Wells Fargo now see the U.S. central bank taking its target range for the Fed funds rate to between 4.75% and 5.00% by the first quarter of 2023.Seven of 11 S&P 500 sector indexes fell, with utilities and consumer staples each down about 1.7% and leading declines.The energy sector index rallied 1.2% after Sweden launched a probe into possible sabotage after major leaks in two Russian pipelines that spewed gas into the Baltic Sea.Tesla gained 2.5% and Nvidia added 1.5%, with both companies helping keep Nasdaq in positive territory.Traders exchanged over $17 billion worth of Tesla shares, more than any other stock.The benchmark U.S. 10-year Treasury yield touched its highest level in more than 12 years amid the hawkish comments from Fed officials.The Dow Jones Industrial Average fell 0.43% to end at 29,134.99 points, while the S&P 500 lost 0.21% to 3,647.29.The Nasdaq Composite climbed 0.25% to 10,829.50.Concerns about corporate profits taking a hit from soaring prices and a weaker economy have also roiled Wall Street in the past two weeks.Analysts have cut their S&P 500 earnings expectations for the third and fourth quarters, as well as for the full year. For the third quarter, analysts now see S&P 500 earnings per share rising 4.6% year-over-year, compared with 11.1% growth expected at the start of July.Volume on U.S. exchanges was 11.7 billion shares, compared with an 11.3 billion average for the full session over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 1.25-to-1 ratio; on Nasdaq, a 1.03-to-1 ratio favored advancers.The S&P 500 posted no new 52-week highs and 146 new lows; the Nasdaq Composite recorded 28 new highs and 502 new lows.","news_type":1,"symbols_score_info":{".DJI":1,".IXIC":1}},"isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9911981606,"gmtCreate":1664114894305,"gmtModify":1676537392316,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9911981606","repostId":"2269490734","repostType":4,"repost":{"id":"2269490734","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1664066508,"share":"https://ttm.financial/m/news/2269490734?lang=en_US&edition=fundamental","pubTime":"2022-09-25 08:41","market":"us","language":"en","title":"If You're Selling Stocks Because the Fed Is Hiking Interest Rates, You May Be Suffering From “Inflation Illusion”","url":"https://stock-news.laohu8.com/highlight/detail?id=2269490734","media":"Dow Jones","summary":"Forget everything you think you know about the relationship between interest rates and the stock market.Forget everything you think you know about the relationship between interest rates and the stock","content":"<html><head></head><body><p>Forget everything you think you know about the relationship between interest rates and the stock market.</p><p>Forget everything you think you know about the relationship between interest rates and the stock market. Take the notion that higher interest rates are bad for the stock market, which is almost universally believed on Wall Street. Plausible as this is, it is surprisingly difficult to support it empirically.</p><p>It would be important to challenge this notion at any time, but especially in light of the U.S. market&#39;s decline this past week following the Federal Reserve&#39;s most recent interest-rate hike announcement.</p><p>To show why higher interest rates aren&#39;t necessarily bad for equities, I compared the predictive power of the following two valuation indicators:</p><p>If higher interest rates were always bad for stocks, then the Fed Model&#39;s track record would be superior to that of the earnings yield.</p><p>It is not, as you can see from the table below. The table reports a statistic known as the r-squared, which reflects the degree to which one data series (in this case, the earnings yield or the Fed Model) predicts changes in a second series (in this case, the stock market&#39;s subsequent inflation-adjusted real return). The table reflects the U.S. stock market back to 1871, courtesy of data provided by Yale University&#39;s finance professor Robert Shiller.</p><p><img src=\"https://static.tigerbbs.com/64984acf0f40a1a5e886ef773747472a\" tg-width=\"939\" tg-height=\"268\" referrerpolicy=\"no-referrer\"/></p><p>In other words, the ability to predict the stock market&#39;s five- and 10-year returns goes down when taking interest rates into account.</p><h3>Money illusion</h3><p>These results are so surprising that it&#39;s important to explore why the conventional wisdom is wrong. That wisdom is based on the eminently plausible argument that higher interest rates mean that future years&#39; corporate earnings must be discounted at a higher rate when calculating their present value. While that argument is not wrong, Richard Warr,  a finance professor at North Carolina State University, told me, it&#39;s only half the story.</p><p>The other half of this story is that interest rates tend to be higher when inflation is higher, and average nominal earnings tend to grow faster in higher-inflation environments. Failing to appreciate this other half of the story is a fundamental mistake in economics known as &#34;inflation illusion&#34; -- confusing nominal with real, or inflation-adjusted, values.</p><p>According to research conducted by Warr, inflation&#39;s impact on nominal earnings and the discount rate largely cancel each other out over time. While earnings tend to grow faster when inflation is higher, they must be more heavily discounted when calculating their present value.</p><p>Investors were guilty of inflation illusion when they reacted to the Fed&#39;s latest interest rate announcement by selling stocks.</p><p>None of this means that the bear market shouldn&#39;t continue, or that equities aren&#39;t overvalued. Indeed, by many measures, stocks are still overvalued, despite the much cheaper prices wrought by the bear market. The point of this discussion is that higher interest rates are not an additional reason, above and beyond the other factors affecting the stock market, why the market should fall.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If You're Selling Stocks Because the Fed Is Hiking Interest Rates, You May Be Suffering From “Inflation Illusion”</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\">\nIf You're Selling Stocks Because the Fed Is Hiking Interest Rates, You May Be Suffering From “Inflation Illusion”\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-25 08:41</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Forget everything you think you know about the relationship between interest rates and the stock market.</p><p>Forget everything you think you know about the relationship between interest rates and the stock market. Take the notion that higher interest rates are bad for the stock market, which is almost universally believed on Wall Street. Plausible as this is, it is surprisingly difficult to support it empirically.</p><p>It would be important to challenge this notion at any time, but especially in light of the U.S. market&#39;s decline this past week following the Federal Reserve&#39;s most recent interest-rate hike announcement.</p><p>To show why higher interest rates aren&#39;t necessarily bad for equities, I compared the predictive power of the following two valuation indicators:</p><p>If higher interest rates were always bad for stocks, then the Fed Model&#39;s track record would be superior to that of the earnings yield.</p><p>It is not, as you can see from the table below. The table reports a statistic known as the r-squared, which reflects the degree to which one data series (in this case, the earnings yield or the Fed Model) predicts changes in a second series (in this case, the stock market&#39;s subsequent inflation-adjusted real return). The table reflects the U.S. stock market back to 1871, courtesy of data provided by Yale University&#39;s finance professor Robert Shiller.</p><p><img src=\"https://static.tigerbbs.com/64984acf0f40a1a5e886ef773747472a\" tg-width=\"939\" tg-height=\"268\" referrerpolicy=\"no-referrer\"/></p><p>In other words, the ability to predict the stock market&#39;s five- and 10-year returns goes down when taking interest rates into account.</p><h3>Money illusion</h3><p>These results are so surprising that it&#39;s important to explore why the conventional wisdom is wrong. That wisdom is based on the eminently plausible argument that higher interest rates mean that future years&#39; corporate earnings must be discounted at a higher rate when calculating their present value. While that argument is not wrong, Richard Warr,  a finance professor at North Carolina State University, told me, it&#39;s only half the story.</p><p>The other half of this story is that interest rates tend to be higher when inflation is higher, and average nominal earnings tend to grow faster in higher-inflation environments. Failing to appreciate this other half of the story is a fundamental mistake in economics known as &#34;inflation illusion&#34; -- confusing nominal with real, or inflation-adjusted, values.</p><p>According to research conducted by Warr, inflation&#39;s impact on nominal earnings and the discount rate largely cancel each other out over time. While earnings tend to grow faster when inflation is higher, they must be more heavily discounted when calculating their present value.</p><p>Investors were guilty of inflation illusion when they reacted to the Fed&#39;s latest interest rate announcement by selling stocks.</p><p>None of this means that the bear market shouldn&#39;t continue, or that equities aren&#39;t overvalued. Indeed, by many measures, stocks are still overvalued, despite the much cheaper prices wrought by the bear market. The point of this discussion is that higher interest rates are not an additional reason, above and beyond the other factors affecting the stock market, why the market should fall.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269490734","content_text":"Forget everything you think you know about the relationship between interest rates and the stock market.Forget everything you think you know about the relationship between interest rates and the stock market. Take the notion that higher interest rates are bad for the stock market, which is almost universally believed on Wall Street. Plausible as this is, it is surprisingly difficult to support it empirically.It would be important to challenge this notion at any time, but especially in light of the U.S. market's decline this past week following the Federal Reserve's most recent interest-rate hike announcement.To show why higher interest rates aren't necessarily bad for equities, I compared the predictive power of the following two valuation indicators:If higher interest rates were always bad for stocks, then the Fed Model's track record would be superior to that of the earnings yield.It is not, as you can see from the table below. The table reports a statistic known as the r-squared, which reflects the degree to which one data series (in this case, the earnings yield or the Fed Model) predicts changes in a second series (in this case, the stock market's subsequent inflation-adjusted real return). The table reflects the U.S. stock market back to 1871, courtesy of data provided by Yale University's finance professor Robert Shiller.In other words, the ability to predict the stock market's five- and 10-year returns goes down when taking interest rates into account.Money illusionThese results are so surprising that it's important to explore why the conventional wisdom is wrong. That wisdom is based on the eminently plausible argument that higher interest rates mean that future years' corporate earnings must be discounted at a higher rate when calculating their present value. While that argument is not wrong, Richard Warr,  a finance professor at North Carolina State University, told me, it's only half the story.The other half of this story is that interest rates tend to be higher when inflation is higher, and average nominal earnings tend to grow faster in higher-inflation environments. Failing to appreciate this other half of the story is a fundamental mistake in economics known as \"inflation illusion\" -- confusing nominal with real, or inflation-adjusted, values.According to research conducted by Warr, inflation's impact on nominal earnings and the discount rate largely cancel each other out over time. While earnings tend to grow faster when inflation is higher, they must be more heavily discounted when calculating their present value.Investors were guilty of inflation illusion when they reacted to the Fed's latest interest rate announcement by selling stocks.None of this means that the bear market shouldn't continue, or that equities aren't overvalued. Indeed, by many measures, stocks are still overvalued, despite the much cheaper prices wrought by the bear market. The point of this discussion is that higher interest rates are not an additional reason, above and beyond the other factors affecting the stock market, why the market should fall.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913145930,"gmtCreate":1663944782620,"gmtModify":1676537368323,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9913145930","repostId":"1177261377","repostType":4,"repost":{"id":"1177261377","kind":"news","pubTimestamp":1663946501,"share":"https://ttm.financial/m/news/1177261377?lang=en_US&edition=fundamental","pubTime":"2022-09-23 23:21","market":"us","language":"en","title":"The Case For The S&P 500 Dropping To 2,200","url":"https://stock-news.laohu8.com/highlight/detail?id=1177261377","media":"Seeking Alpha","summary":"SummaryThe S&P 500 is at risk of heading much lower than many think.This is not hyperbole; it is bas","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>The S&amp;P 500 is at risk of heading much lower than many think.</li><li>This is not hyperbole; it is based on a combination of historical analysis and the realities of the current market climate.</li><li>While history doesn&#39;t repeat exactly, human nature has a way of making it &#34;rhyme&#34; with the past.</li><li>The technical condition of the broad stock market looks terrible on an intermediate-term basis.</li><li>There&#39;s always a chance for a &#34;save&#34; - e.g., by the Fed - but inflation completely changes the calculus.</li></ul><p>Remember back in late March of 2020? The S&amp;P 500 (SP500) had just lost about one-third of its value in five weeks. It fell from around 3,400 to just under 2,200. Lockdowns, panic, and red ink on stock portfolios were everywhere. Then, likeit was shot out of a cannon, yet another extension of the 11-year bull market that began back in 2009 commenced. But if this &#34;new era&#34; of investing in the stock market plays out the way it appears to be, based on current charts and recent history, that 2,200 level from late March 2020 could be the S&amp;P 500&#39;s ultimate destination before this bear market cycle concludes.</p><p><b>Current Evidence</b></p><p>In this new era of inflation, Fed-obsessed investors, algorithmic trading, and index-driven investment flows, the market is more of a confidence game than I&#39;ve seen in three decades of investing professionally. And that confidence is fading, drop by drop. As a 42-year chartist, my evidence always ultimately boils down to a picture. Here&#39;s one to explain it to you.</p><p><img src=\"https://static.tigerbbs.com/ea920e21231810c68359aaca3af08d36\" tg-width=\"640\" tg-height=\"286\" referrerpolicy=\"no-referrer\"/></p><p>What you don&#39;t want to see if you are looking for &#34;the bottom&#34; (TC2000)</p><p>This a technical chart (weekly prices) of the S&amp;P 500 back to late 2019, so you can see how far we&#39;ve come - and, perhaps, where we are going again. Because while any investment or index can rise in price at any time, the intermediate-term risk attached to nearly any market segment, theme, industry, or sector right now is high. Historically high.</p><p>What do I see in this chart? The top section of graph (price pattern) and the price percent oscillator (PPO) momentum indicator in the bottom section of the chart shows at least three important warning signs for those who are counting on a &#34;quick fix&#34; to the current stock market malaise.</p><p><b>That Stubborn Trendline</b></p><p>Since Jan. 4 of this year (the second trading day of 2022), the S&amp;P 500, and most of the global stock market, has been in a clear downward trend. That&#39;s the black line shown toward the top of the chart. Think of this line as marking the rite of passage if a new bull market is going to start anytime soon. The bulls have had three cracks at it - in April, August, and earlier this month. In all three cases, the result was, as we technicians say, &#34;failure.&#34; The S&amp;P 500&#39;s price failed to cross above and stay above that downward trend.</p><p>Frankly, breaking above that downtrend line is a pretty low bar for hopeful bullish stock investors right now. It would take a convincing, sustainable move toward the 4,300 area to negate all of the downward pressure that stocks have experienced this year. And that is still more than 10% from the S&amp;P 500&#39;s all-time high level around 4,800.</p><p><b>Those Darn Red Arrows</b></p><p>A more detailed version of what you just read above is to see how many false rallies we&#39;ve had during this eight-month downtrend for stocks. Every red arrow I drew into the chart marks a moment where bullish investors (and Wall Street firm cheerleaders, who need bull markets to keep their revenues flowing) might have felt that &#34;the bottom was in.&#34;</p><p>Well, there are 12 red arrows on that chart, and one orange arrow at the far right, as the recent market malaise sorts itself out. That&#39;s a lot of failure, and lends strong evidence to my belief that the most likely intermediate direction for the S&amp;P 500 is down - a lot.</p><p><b>Watch Out for the Cross</b></p><p>I&#39;ll spare you a full dissertation on the PPO, except to tell you that in 42 years of charting, I&#39;ve seen and tried a lot of different technical indicators. The PPO is my personal favorite, and the longer the time frame you look (e.g., charts of weekly prices v. daily, hourly, etc.), the more I have come to regard it as a market &#34;truth teller.&#34;</p><p>What the PPO on the S&amp;P 500 tells me now is that we are close to the weekly indicator crossing over to the downside. In English, that means decidedly negative price momentum. So, while shorter-term PPO time frames have already crossed over, this is the one that might just take us from all of those red arrows (rallies that fail) to something more serious, and something more emotional for investors on the way down.</p><p><b>Historical Evidence: The Dot-Com Era</b></p><p>At this point, you might be thinking the same thing many investors tell me when I proclaim that 2,200 could be the ultimate destination for the S&amp;P 500 in this bear cycle: &#34;No way - really?!&#34; Here&#39;s some history to either remind you or inform you of what happens when the stock market goes from an era of excessive speculation to increasing concern, and eventually to emotional chaos.</p><p>The S&amp;P 500 lost about half of its value from March 2000 to March 2003. Here&#39;s what that looked like.</p><p><img src=\"https://static.tigerbbs.com/9dc0e2b19c0fdb9c7a513fddf091eff0\" tg-width=\"640\" tg-height=\"401\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P 500: Dot-Com Bubble (Ycharts.com)</p><p>However, as with the current market environment in 2022, it was not as simple as a 50% &#34;flash crash.&#34; It was more like the proverbial boiling frog analogy. It took the form of a series of sharp drops and hopeful rallies. However, as has been the case in 2022, the rallies didn&#39;t last - and so I kept having to add more of those red arrows to that first chart.</p><p>Here&#39;s what happened starting 11 months into the dot-com bubble. The S&amp;P 500 had fallen about 20%, then gained back enough to leave it down only 10% from its all-time high. Yes, the same thing happened this year. Coincidence or human nature? It doesn&#39;t really matter. Price rules.</p><p><img src=\"https://static.tigerbbs.com/3e5b1c78e195588102f84a74a3bee661\" tg-width=\"640\" tg-height=\"424\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P 500: Dot-Com Bubble - just when you thought it was over! (Ycharts.com)</p><p>So that initial decline and recovery, which netted the S&amp;P 500 about a 10% loss, was succeeded by a whopping 40%+ decline. The S&amp;P 500&#39;s most recent rally topped out at around 4,300. Take 40% off of that, and you are in the 2,600 area. As history would have it, that was the better of the first two bear markets of this century.</p><p><b>Historical Evidence: Global Financial Crisis</b></p><p>If you are keeping score at home, the dot-com bust meant that index fund investors had to double their money just to earn a zero return since the start of that time frame. And they did exactly that, from 2003 through 2007.</p><p>And then, it happened again. Here&#39;s the S&amp;P 500 from October 2007 through March of 2009.</p><p><img src=\"https://static.tigerbbs.com/4dbb9483c84007e214ce0d1b40345d24\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P 500: Global Financial Crisis (Ycharts.com)</p><p>Once again, there was the initial drop, the &#34;it&#39;s only a flesh wound&#34; (with apologies to &#34;Monty Python&#34;) phase, and then this from August 2008 through March 2009.</p><p><img src=\"https://static.tigerbbs.com/78eee7337e28dd849990a96ddc9e04a9\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P 500 GFC - just when you thought it was over! (Ycharts.com)</p><p>The net result, as the previous chart showed, was a 56% drop from the peak. If you had invested in an S&amp;P 500 Index fund on Jan. 4, 2022, and the 2007-09 down move repeated itself, your ultimate destination would be around 2,100. So, a move from S&amp;P 4,800 down to 2,200 in the coming year or two doesn&#39;t seem so unlikely.</p><p><b>Observations and Conclusions</b></p><p>Stock market analysis and evaluation of risk is never an all-or-nothing proposition. Instead, it is about evaluating as many possible scenarios as you can, including some realistic but generally unthinkable ones. After all, any investment can go up at any time. What distinguishes any security and any market climate from any another is the amount of major risk you are taking when you put that capital to work.</p><p>Here in the final third of 2022, and considering potential reward and risk through to 2023, my conclusion is that the level of market risk is currently at a historically high rate.</p><p><b>The Good News for Bulls (for Now)</b></p><p>That doesn&#39;t mean 2,200 is a given. It just means that the odds favor much more downside from here. Whether by way of the Fed&#39;s magic wand or some change of heart by a hoard of investors, the S&amp;P 500 could reverse course, get happy again, and move toward and above that all-time high and above 5,000. It could happen this year or next year. One never knows.</p><p>But if you are &#34;counting&#34; on that based on the fact that we have not had a sustained decline in the S&amp;P 500 in over 13 years, you are investing with rose-colored glasses. Inflation is the new wildcard, and was not an issue during the periods shown above.</p><p>Furthermore, the nature of market participants has changed, with piles of money flooded into index funds, and so much short-term trading by professional and retail investors alike. The odds of something breaking are high. And the S&amp;P 500&#39;s chart is telling us that. We just need to listen.</p><p><b>What to Do if I&#39;m Right</b></p><p>As my team and I will cover extensively and exclusively at Seeking Alpha in the days, weeks, and months ahead, there is a wide variety of investment weapons available to investors today. These allow them to not simply defend bear markets in stocks and bonds, but exploit them for profit. But before any investor can consider that step, they must first acknowledge that at the present time accounting for risk of major loss, so you can prevent it, should be every investor&#39;s top priority.</p><p><b>The Key: Mix Offense and Defense in Portfolios</b></p><p>I truly believe markets are at a critical crossroads. That means the tremendous wealth accumulated over the past decade is at risk, for those who don&#39;t know how to mix defense with their offense. The bottom line is that this autumn, we find ourselves in a market climate that is only rivaled by the last two times investors saw half of the index funds&#39; value disappear. Be careful out there, and learn how to navigate this new and, dare I say, historic climate.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Case For The S&P 500 Dropping To 2,200</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 Case For The S&P 500 Dropping To 2,200\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-23 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4542347-the-s-and-p-500-set-to-drop><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe S&P 500 is at risk of heading much lower than many think.This is not hyperbole; it is based on a combination of historical analysis and the realities of the current market climate.While ...</p>\n\n<a href=\"https://seekingalpha.com/article/4542347-the-s-and-p-500-set-to-drop\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4542347-the-s-and-p-500-set-to-drop","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177261377","content_text":"SummaryThe S&P 500 is at risk of heading much lower than many think.This is not hyperbole; it is based on a combination of historical analysis and the realities of the current market climate.While history doesn't repeat exactly, human nature has a way of making it \"rhyme\" with the past.The technical condition of the broad stock market looks terrible on an intermediate-term basis.There's always a chance for a \"save\" - e.g., by the Fed - but inflation completely changes the calculus.Remember back in late March of 2020? The S&P 500 (SP500) had just lost about one-third of its value in five weeks. It fell from around 3,400 to just under 2,200. Lockdowns, panic, and red ink on stock portfolios were everywhere. Then, likeit was shot out of a cannon, yet another extension of the 11-year bull market that began back in 2009 commenced. But if this \"new era\" of investing in the stock market plays out the way it appears to be, based on current charts and recent history, that 2,200 level from late March 2020 could be the S&P 500's ultimate destination before this bear market cycle concludes.Current EvidenceIn this new era of inflation, Fed-obsessed investors, algorithmic trading, and index-driven investment flows, the market is more of a confidence game than I've seen in three decades of investing professionally. And that confidence is fading, drop by drop. As a 42-year chartist, my evidence always ultimately boils down to a picture. Here's one to explain it to you.What you don't want to see if you are looking for \"the bottom\" (TC2000)This a technical chart (weekly prices) of the S&P 500 back to late 2019, so you can see how far we've come - and, perhaps, where we are going again. Because while any investment or index can rise in price at any time, the intermediate-term risk attached to nearly any market segment, theme, industry, or sector right now is high. Historically high.What do I see in this chart? The top section of graph (price pattern) and the price percent oscillator (PPO) momentum indicator in the bottom section of the chart shows at least three important warning signs for those who are counting on a \"quick fix\" to the current stock market malaise.That Stubborn TrendlineSince Jan. 4 of this year (the second trading day of 2022), the S&P 500, and most of the global stock market, has been in a clear downward trend. That's the black line shown toward the top of the chart. Think of this line as marking the rite of passage if a new bull market is going to start anytime soon. The bulls have had three cracks at it - in April, August, and earlier this month. In all three cases, the result was, as we technicians say, \"failure.\" The S&P 500's price failed to cross above and stay above that downward trend.Frankly, breaking above that downtrend line is a pretty low bar for hopeful bullish stock investors right now. It would take a convincing, sustainable move toward the 4,300 area to negate all of the downward pressure that stocks have experienced this year. And that is still more than 10% from the S&P 500's all-time high level around 4,800.Those Darn Red ArrowsA more detailed version of what you just read above is to see how many false rallies we've had during this eight-month downtrend for stocks. Every red arrow I drew into the chart marks a moment where bullish investors (and Wall Street firm cheerleaders, who need bull markets to keep their revenues flowing) might have felt that \"the bottom was in.\"Well, there are 12 red arrows on that chart, and one orange arrow at the far right, as the recent market malaise sorts itself out. That's a lot of failure, and lends strong evidence to my belief that the most likely intermediate direction for the S&P 500 is down - a lot.Watch Out for the CrossI'll spare you a full dissertation on the PPO, except to tell you that in 42 years of charting, I've seen and tried a lot of different technical indicators. The PPO is my personal favorite, and the longer the time frame you look (e.g., charts of weekly prices v. daily, hourly, etc.), the more I have come to regard it as a market \"truth teller.\"What the PPO on the S&P 500 tells me now is that we are close to the weekly indicator crossing over to the downside. In English, that means decidedly negative price momentum. So, while shorter-term PPO time frames have already crossed over, this is the one that might just take us from all of those red arrows (rallies that fail) to something more serious, and something more emotional for investors on the way down.Historical Evidence: The Dot-Com EraAt this point, you might be thinking the same thing many investors tell me when I proclaim that 2,200 could be the ultimate destination for the S&P 500 in this bear cycle: \"No way - really?!\" Here's some history to either remind you or inform you of what happens when the stock market goes from an era of excessive speculation to increasing concern, and eventually to emotional chaos.The S&P 500 lost about half of its value from March 2000 to March 2003. Here's what that looked like.S&P 500: Dot-Com Bubble (Ycharts.com)However, as with the current market environment in 2022, it was not as simple as a 50% \"flash crash.\" It was more like the proverbial boiling frog analogy. It took the form of a series of sharp drops and hopeful rallies. However, as has been the case in 2022, the rallies didn't last - and so I kept having to add more of those red arrows to that first chart.Here's what happened starting 11 months into the dot-com bubble. The S&P 500 had fallen about 20%, then gained back enough to leave it down only 10% from its all-time high. Yes, the same thing happened this year. Coincidence or human nature? It doesn't really matter. Price rules.S&P 500: Dot-Com Bubble - just when you thought it was over! (Ycharts.com)So that initial decline and recovery, which netted the S&P 500 about a 10% loss, was succeeded by a whopping 40%+ decline. The S&P 500's most recent rally topped out at around 4,300. Take 40% off of that, and you are in the 2,600 area. As history would have it, that was the better of the first two bear markets of this century.Historical Evidence: Global Financial CrisisIf you are keeping score at home, the dot-com bust meant that index fund investors had to double their money just to earn a zero return since the start of that time frame. And they did exactly that, from 2003 through 2007.And then, it happened again. Here's the S&P 500 from October 2007 through March of 2009.S&P 500: Global Financial Crisis (Ycharts.com)Once again, there was the initial drop, the \"it's only a flesh wound\" (with apologies to \"Monty Python\") phase, and then this from August 2008 through March 2009.S&P 500 GFC - just when you thought it was over! (Ycharts.com)The net result, as the previous chart showed, was a 56% drop from the peak. If you had invested in an S&P 500 Index fund on Jan. 4, 2022, and the 2007-09 down move repeated itself, your ultimate destination would be around 2,100. So, a move from S&P 4,800 down to 2,200 in the coming year or two doesn't seem so unlikely.Observations and ConclusionsStock market analysis and evaluation of risk is never an all-or-nothing proposition. Instead, it is about evaluating as many possible scenarios as you can, including some realistic but generally unthinkable ones. After all, any investment can go up at any time. What distinguishes any security and any market climate from any another is the amount of major risk you are taking when you put that capital to work.Here in the final third of 2022, and considering potential reward and risk through to 2023, my conclusion is that the level of market risk is currently at a historically high rate.The Good News for Bulls (for Now)That doesn't mean 2,200 is a given. It just means that the odds favor much more downside from here. Whether by way of the Fed's magic wand or some change of heart by a hoard of investors, the S&P 500 could reverse course, get happy again, and move toward and above that all-time high and above 5,000. It could happen this year or next year. One never knows.But if you are \"counting\" on that based on the fact that we have not had a sustained decline in the S&P 500 in over 13 years, you are investing with rose-colored glasses. Inflation is the new wildcard, and was not an issue during the periods shown above.Furthermore, the nature of market participants has changed, with piles of money flooded into index funds, and so much short-term trading by professional and retail investors alike. The odds of something breaking are high. And the S&P 500's chart is telling us that. We just need to listen.What to Do if I'm RightAs my team and I will cover extensively and exclusively at Seeking Alpha in the days, weeks, and months ahead, there is a wide variety of investment weapons available to investors today. These allow them to not simply defend bear markets in stocks and bonds, but exploit them for profit. But before any investor can consider that step, they must first acknowledge that at the present time accounting for risk of major loss, so you can prevent it, should be every investor's top priority.The Key: Mix Offense and Defense in PortfoliosI truly believe markets are at a critical crossroads. That means the tremendous wealth accumulated over the past decade is at risk, for those who don't know how to mix defense with their offense. The bottom line is that this autumn, we find ourselves in a market climate that is only rivaled by the last two times investors saw half of the index funds' value disappear. Be careful out there, and learn how to navigate this new and, dare I say, historic climate.","news_type":1,"symbols_score_info":{".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919788183,"gmtCreate":1663861391442,"gmtModify":1676537352085,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9919788183","repostId":"1152785107","repostType":4,"repost":{"id":"1152785107","kind":"news","pubTimestamp":1663860360,"share":"https://ttm.financial/m/news/1152785107?lang=en_US&edition=fundamental","pubTime":"2022-09-22 23:26","market":"us","language":"en","title":"The SPY Game - Or How I Stopped Worrying And Learned To Look Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1152785107","media":"Seeking Alpha","summary":"SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>While fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.</li><li>We believe SPY remains on course to make new all-time highs in the coming year or so.</li><li>Our evidence for this?  Basic pattern recognition coupled with a high-octane dose of cynicism.</li></ul><p><i>DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer</i> <i>to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note&#39;s date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.</i></p><p>It&#39;s Not Going To Zero. Really It Isn&#39;t.</p><p>As everyone knows the whole market is going to zero, fast, or if not zero then maybe 3000 on the S&amp;P and 10000 on the Nasdaq or whatever. The just desserts of an economy over-fattened by Fed helicopter money with a workforce that would rather buy-pumpkin-spice-latte-pay-later-when-mom-lends-me-the-money than get down to a hard day&#39;s work from dawn to dusk. The decadence of the end of empire. America the Great is Finished. Finished, I tell you!</p><p>This garbage is all over FinTwit right now and in truth it&#39;s not worth reading. The market will go up or it will go down but it has nothing to do with whether Chad makes his Klarna payment or not. It has to do with the institutional dynamic of moving money around in order to generate gains whether the weather be good or whether the weather be bad. And no more so than around key dates such as quarterly options expiry and FOMC prints.</p><p><b>Let&#39;s Talk About SPY</b></p><p>OK folks, let&#39;s just take a step back and zoom out onNYSEARCA:SPY. Using absolutely standard technical analysis pattern-recognition tools (we like the Elliott Wave / Fibonacci method, but, other methods also are available) we can say that in the larger degree, SPY has been carving out a 5-wave up cycle since its 2015 lows. Like this</p><p><img src=\"https://static.tigerbbs.com/ca80a46b6ff8f158873974f116b4ad7f\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>SPY Chart I(TrendSpider, Cestrian Analysis)</p><p>Wave 1 moves up from the 2015 lows to the 2019 high, adding around $158/share on the way up.</p><p>Wave 2 moves from the pre-Covid high to the crisis low, in a Yikes Cat type move as befits a Wave 2, troughs at the 0.786 retrace for a $122/share correction.</p><p>Then Wave 3, adding $283/share to peak a little above the 1.618 extension of Wave 1 (the share price movement in W1 multiplied by 1.618 and placed at the Wave 2 low), right at the end of 2021.</p><p>And along comes the will-it-ever-end Wave 4 selloff of 2022 which despite the apparent unrelented selling - just ask anyone on FinTwit, they&#39;ll tell you! - troughed in June at between the 0.5 and 0.618 retrace of that big Wave 3 high.</p><p>So now the standard Elliott Wave pattern tells us that SPY can make a new high in a final Wave 5 up, peaking sometime in 2023 most likely. A minimum target of $480 or better, enough to just peak above that Wave 3 high.</p><p>Yes, we&#39;re saying SPY can climb to never-before-conquered levels despite inflation and recession and 75bps and labor market and blah. Why? Because SPY has traded <i>so</i> well to this standard pattern for so long that we believe it more likely than not that it sees the pattern through to the end.</p><p>But don&#39;t take our word for it. Let&#39;s zoom in. As you know, if SPY has commenced its climb up from the June lows towards its final resting place in the sky, it ought to be showing wave progress in the smaller degree too.</p><p>And is it ever. Today&#39;s close was actually funny, so perfectly did the ETF kiss the 0.618 retraces of Wave 3 on the way up then the 0.786 retrace on the way down. But even after this dump the stock remains perfectly positioned to move up. This is the Wave 1 and Wave 2 in the smaller degree up off of the June lows. That is one picture-perfect Wave 2 low right there. We shall see what happens but to us that&#39;s thus far confirming evidence that SPY will be moving up.</p><p><img src=\"https://static.tigerbbs.com/65bfa539e75474ecde04800d17b63585\" tg-width=\"640\" tg-height=\"321\" referrerpolicy=\"no-referrer\"/></p><p>SPY Chart II(TrendSpider, Cestrian Analysis)</p><p><b>What The Fed Is Going On Then?</b></p><p>Today was a very strange day if you look closely. The index ETFs SPY and QQQ both did exactly the same thing - the two charts above are in essence carbon copies whether you look at the QQQ or the SPY. Up then down, to close down, at a level suggesting that the next big move is up. But still bright red on the day.</p><p>Whereas ostensibly more scary stocks like Cloudflare (NET), Palantir (PLTR), DataDog (DDOG) and so on - were ...<i>up</i>? Huh?</p><p>We may be able to shed some light on this. Now, we hate to come over all FinTwit once more and be shouting about <i>manipulation</i> and so forth. Because that&#39;s just naive. In the Great Online Game of traded securities, the game is in fact that all the other players are trying to take all your money off of you. That is Rule 1. The basic rule. The constitution upon which all other rules are founded. And further, while we don&#39;t doubt that there are some bad apples in the virtual Big Apple that&#39;s rather quaintly still referred to as The Street, most times Big Money is just doing its job which is, being good at taking money off of Chad and not letting Chad take money off of it, or at least not for very long.</p><p>You see in the index ETFs there&#39;s a hugely powerful force at work - not Jerome Powell, not Redditors, but the options market. The capital sloshing around in options way exceeds the capital in equities, and as a result it&#39;s to some degree true that options are the primary security class, equities the derivatives. As a simple illustration, here you can see how the major reversal points in SPY in recent years have coincided with major options expiry dates.</p><p><img src=\"https://static.tigerbbs.com/3f1de0c0082c1ca0ce7a2e248d7d64ef\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Chart III(TrendSpider, Cestrian Analysis)</p><p>Options markets love FOMC days because the emotion - the volatility - is running high. And you have a wall of capital in SPY and QQQ puts and calls sat driving the ETF stocks around all day. It&#39;s no surprise on that basis that the closing price - the place where the option probability surface collapses to a singularity - hit a key technical level in both the SPY and the QQQ with such precision. Now, if you want to go deeper into the options-are-primary, stocks-are-derivatives rabbit hole - and it&#39;s a doozy - we suggest you take a look at our friends over at SpotGamma who are expert on the topic. For us, we&#39;ll just observe that the wall of option money pushing the ETFs around is not in place at scary high-beta names such as NET or PLTR and so on. So the market reaction today may look like genuine fear, but it isn&#39;t. Because if it was widespread genuine fear, all these high beta names would be getting dumped. And they&#39;re not.</p><p>So we say: SPY is setting up in a smaller degree 1,2 for a smaller degree 3 which will represent a material push up toward that new all time high. We think the next big move for SPY is, up, and we think the June low was the low for the Wave 4 just passed. You&#39;ll know soon enough if we&#39;re right or wrong. If right, SPY won&#39;t spend long at the $377 zip code but will instead move up and out; if wrong, SPY will plunge down through that $377 level to continue the larger-degree Wave 4 down. This will happen soon, either way.</p><p>For now we remain bullish on SPY and assign an Accumulate rating to the name.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The SPY Game - Or How I Stopped Worrying And Learned To Look Up</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 SPY Game - Or How I Stopped Worrying And Learned To Look Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-22 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.We believe SPY ...</p>\n\n<a href=\"https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152785107","content_text":"SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.We believe SPY remains on course to make new all-time highs in the coming year or so.Our evidence for this?  Basic pattern recognition coupled with a high-octane dose of cynicism.DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.It's Not Going To Zero. Really It Isn't.As everyone knows the whole market is going to zero, fast, or if not zero then maybe 3000 on the S&P and 10000 on the Nasdaq or whatever. The just desserts of an economy over-fattened by Fed helicopter money with a workforce that would rather buy-pumpkin-spice-latte-pay-later-when-mom-lends-me-the-money than get down to a hard day's work from dawn to dusk. The decadence of the end of empire. America the Great is Finished. Finished, I tell you!This garbage is all over FinTwit right now and in truth it's not worth reading. The market will go up or it will go down but it has nothing to do with whether Chad makes his Klarna payment or not. It has to do with the institutional dynamic of moving money around in order to generate gains whether the weather be good or whether the weather be bad. And no more so than around key dates such as quarterly options expiry and FOMC prints.Let's Talk About SPYOK folks, let's just take a step back and zoom out onNYSEARCA:SPY. Using absolutely standard technical analysis pattern-recognition tools (we like the Elliott Wave / Fibonacci method, but, other methods also are available) we can say that in the larger degree, SPY has been carving out a 5-wave up cycle since its 2015 lows. Like thisSPY Chart I(TrendSpider, Cestrian Analysis)Wave 1 moves up from the 2015 lows to the 2019 high, adding around $158/share on the way up.Wave 2 moves from the pre-Covid high to the crisis low, in a Yikes Cat type move as befits a Wave 2, troughs at the 0.786 retrace for a $122/share correction.Then Wave 3, adding $283/share to peak a little above the 1.618 extension of Wave 1 (the share price movement in W1 multiplied by 1.618 and placed at the Wave 2 low), right at the end of 2021.And along comes the will-it-ever-end Wave 4 selloff of 2022 which despite the apparent unrelented selling - just ask anyone on FinTwit, they'll tell you! - troughed in June at between the 0.5 and 0.618 retrace of that big Wave 3 high.So now the standard Elliott Wave pattern tells us that SPY can make a new high in a final Wave 5 up, peaking sometime in 2023 most likely. A minimum target of $480 or better, enough to just peak above that Wave 3 high.Yes, we're saying SPY can climb to never-before-conquered levels despite inflation and recession and 75bps and labor market and blah. Why? Because SPY has traded so well to this standard pattern for so long that we believe it more likely than not that it sees the pattern through to the end.But don't take our word for it. Let's zoom in. As you know, if SPY has commenced its climb up from the June lows towards its final resting place in the sky, it ought to be showing wave progress in the smaller degree too.And is it ever. Today's close was actually funny, so perfectly did the ETF kiss the 0.618 retraces of Wave 3 on the way up then the 0.786 retrace on the way down. But even after this dump the stock remains perfectly positioned to move up. This is the Wave 1 and Wave 2 in the smaller degree up off of the June lows. That is one picture-perfect Wave 2 low right there. We shall see what happens but to us that's thus far confirming evidence that SPY will be moving up.SPY Chart II(TrendSpider, Cestrian Analysis)What The Fed Is Going On Then?Today was a very strange day if you look closely. The index ETFs SPY and QQQ both did exactly the same thing - the two charts above are in essence carbon copies whether you look at the QQQ or the SPY. Up then down, to close down, at a level suggesting that the next big move is up. But still bright red on the day.Whereas ostensibly more scary stocks like Cloudflare (NET), Palantir (PLTR), DataDog (DDOG) and so on - were ...up? Huh?We may be able to shed some light on this. Now, we hate to come over all FinTwit once more and be shouting about manipulation and so forth. Because that's just naive. In the Great Online Game of traded securities, the game is in fact that all the other players are trying to take all your money off of you. That is Rule 1. The basic rule. The constitution upon which all other rules are founded. And further, while we don't doubt that there are some bad apples in the virtual Big Apple that's rather quaintly still referred to as The Street, most times Big Money is just doing its job which is, being good at taking money off of Chad and not letting Chad take money off of it, or at least not for very long.You see in the index ETFs there's a hugely powerful force at work - not Jerome Powell, not Redditors, but the options market. The capital sloshing around in options way exceeds the capital in equities, and as a result it's to some degree true that options are the primary security class, equities the derivatives. As a simple illustration, here you can see how the major reversal points in SPY in recent years have coincided with major options expiry dates.S&P Chart III(TrendSpider, Cestrian Analysis)Options markets love FOMC days because the emotion - the volatility - is running high. And you have a wall of capital in SPY and QQQ puts and calls sat driving the ETF stocks around all day. It's no surprise on that basis that the closing price - the place where the option probability surface collapses to a singularity - hit a key technical level in both the SPY and the QQQ with such precision. Now, if you want to go deeper into the options-are-primary, stocks-are-derivatives rabbit hole - and it's a doozy - we suggest you take a look at our friends over at SpotGamma who are expert on the topic. For us, we'll just observe that the wall of option money pushing the ETFs around is not in place at scary high-beta names such as NET or PLTR and so on. So the market reaction today may look like genuine fear, but it isn't. Because if it was widespread genuine fear, all these high beta names would be getting dumped. And they're not.So we say: SPY is setting up in a smaller degree 1,2 for a smaller degree 3 which will represent a material push up toward that new all time high. We think the next big move for SPY is, up, and we think the June low was the low for the Wave 4 just passed. You'll know soon enough if we're right or wrong. If right, SPY won't spend long at the $377 zip code but will instead move up and out; if wrong, SPY will plunge down through that $377 level to continue the larger-degree Wave 4 down. This will happen soon, either way.For now we remain bullish on SPY and assign an Accumulate rating to the name.","news_type":1,"symbols_score_info":{"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":903,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910212717,"gmtCreate":1663632152640,"gmtModify":1676537303906,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9910212717","repostId":"2268919880","repostType":4,"repost":{"id":"2268919880","kind":"highlight","pubTimestamp":1663619595,"share":"https://ttm.financial/m/news/2268919880?lang=en_US&edition=fundamental","pubTime":"2022-09-20 04:33","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=2268919880","media":"Reuters","summary":"Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attent","content":"<html><head></head><body><p>Wall Street&#39;s main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week&#39;s policy meeting at the Federal Reserve and how aggressively it will hike interest rates.</p><p>Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank are driving market sentiment as traders try to position themselves for a rising interest rate environment.</p><p>The S&amp;P 500 and the Nasdaq rebounded from logging their worst weekly percentage drop since June on Friday, as markets fully priced in at least a 75 basis point rise in rates at the end of Fed&#39;s Sept. 20-21 policy meeting, with Fed funds futures showing a 15% chance of a whopping 100 bps increase.</p><p>Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.46%.</p><p>&#34;This is all about what&#39;s going to happen on Wednesday, and what comes out of the Fed&#39;s hands on Wednesday, so I think people are just going to wait and see until then,&#34; said Josh Markman, partner at Bel Air Investment Advisors.</p><p>&#34;We had a poor print when the CPI came in, so the Fed - who is behind the 8-ball - is now trying to get ahead of the curve and curb inflation, and that (awareness) is driving equity markets.&#34;</p><p>Reflecting the caution for new bets ahead of the Fed meeting, just 9.58 million shares traded on U.S. exchanges on Monday, the sixth lightest day for trading volume this year.</p><p>Focus will also be on new economic projections, due to be published alongside the Fed&#39;s policy statement at 2 p.m. ET (1800 GMT) on Wednesday.</p><p>Worries of Fed tightening have dragged the S&amp;P 500 down 18.2% this year, with a recent dire earnings report from delivery firm FedEx Corp, an inverted U.S. Treasury yield curve and warnings from the World Bank and the IMF about an impending global economic slowdown adding to the woes.</p><p>Goldman Sachs cut its forecast for 2023 U.S. GDP late on Friday as it projects a more aggressive Fed and sees that pushing the jobless rate higher than it previously expected.</p><p>&#34;The Fed will continue to plough along, we&#39;ll get 75 (bps) on Wednesday, but what comes next and whether they are going to pause or not after Wednesday, that is going to be the interesting part,&#34; said Bel Air&#39;s Markman.</p><p>The Dow Jones Industrial Average rose 197.26 points, or 0.64%, to 31,019.68, the S&amp;P 500 gained 26.56 points, or 0.69%, to 3,899.89 and the Nasdaq Composite added 86.62 points, or 0.76%, to 11,535.02.</p><p>A majority of the 11 S&amp;P 500 sectors rose. One exception was healthcare, down 0.6% as it was weighed by a fall in shares of vaccine maker Moderna Inc a day after President Joe Biden said in a CBS interview that &#34;the pandemic is over&#34;.</p><p>Industrial stocks rebounded 1.4% after a sharp drop on Friday, while banks gained 1.9%. Tech heavyweights Apple Inc and Tesla Inc rose 2.5% and 1.9%, respectively, to provide the biggest boost to the S&amp;P 500 and the Nasdaq.</p><p><a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc closed up 0.7%, having recovered from a slump earlier in the day caused by confirmation that a hacker had leaked the early footage of Grand Theft Auto VI, the next installment of the best-selling videogame.</p><p>Meanwhile, Knowbe4 Inc jumped 28.2% to $22.17, its highest close since May 4, after the cybersecurity firm said that <a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Equity Partners had offered to take it private for $24 per share, valuing the company at $4.22 billion.</p><p>The S&amp;P 500 posted one new 52-week high and 28 new lows; the Nasdaq Composite recorded 29 new highs and 378 new lows. </p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-20 04:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2268919880","content_text":"Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest rates.Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank are driving market sentiment as traders try to position themselves for a rising interest rate environment.The S&P 500 and the Nasdaq rebounded from logging their worst weekly percentage drop since June on Friday, as markets fully priced in at least a 75 basis point rise in rates at the end of Fed's Sept. 20-21 policy meeting, with Fed funds futures showing a 15% chance of a whopping 100 bps increase.Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.46%.\"This is all about what's going to happen on Wednesday, and what comes out of the Fed's hands on Wednesday, so I think people are just going to wait and see until then,\" said Josh Markman, partner at Bel Air Investment Advisors.\"We had a poor print when the CPI came in, so the Fed - who is behind the 8-ball - is now trying to get ahead of the curve and curb inflation, and that (awareness) is driving equity markets.\"Reflecting the caution for new bets ahead of the Fed meeting, just 9.58 million shares traded on U.S. exchanges on Monday, the sixth lightest day for trading volume this year.Focus will also be on new economic projections, due to be published alongside the Fed's policy statement at 2 p.m. ET (1800 GMT) on Wednesday.Worries of Fed tightening have dragged the S&P 500 down 18.2% this year, with a recent dire earnings report from delivery firm FedEx Corp, an inverted U.S. Treasury yield curve and warnings from the World Bank and the IMF about an impending global economic slowdown adding to the woes.Goldman Sachs cut its forecast for 2023 U.S. GDP late on Friday as it projects a more aggressive Fed and sees that pushing the jobless rate higher than it previously expected.\"The Fed will continue to plough along, we'll get 75 (bps) on Wednesday, but what comes next and whether they are going to pause or not after Wednesday, that is going to be the interesting part,\" said Bel Air's Markman.The Dow Jones Industrial Average rose 197.26 points, or 0.64%, to 31,019.68, the S&P 500 gained 26.56 points, or 0.69%, to 3,899.89 and the Nasdaq Composite added 86.62 points, or 0.76%, to 11,535.02.A majority of the 11 S&P 500 sectors rose. One exception was healthcare, down 0.6% as it was weighed by a fall in shares of vaccine maker Moderna Inc a day after President Joe Biden said in a CBS interview that \"the pandemic is over\".Industrial stocks rebounded 1.4% after a sharp drop on Friday, while banks gained 1.9%. Tech heavyweights Apple Inc and Tesla Inc rose 2.5% and 1.9%, respectively, to provide the biggest boost to the S&P 500 and the Nasdaq.Take-Two Interactive Software Inc closed up 0.7%, having recovered from a slump earlier in the day caused by confirmation that a hacker had leaked the early footage of Grand Theft Auto VI, the next installment of the best-selling videogame.Meanwhile, Knowbe4 Inc jumped 28.2% to $22.17, its highest close since May 4, after the cybersecurity firm said that Vista Equity Partners had offered to take it private for $24 per share, valuing the company at $4.22 billion.The S&P 500 posted one new 52-week high and 28 new lows; the Nasdaq Composite recorded 29 new highs and 378 new lows.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.6}},"isVote":1,"tweetType":1,"viewCount":908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910997661,"gmtCreate":1663545911053,"gmtModify":1676537286093,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9910997661","repostId":"1136811023","repostType":4,"repost":{"id":"1136811023","kind":"news","pubTimestamp":1663542845,"share":"https://ttm.financial/m/news/1136811023?lang=en_US&edition=fundamental","pubTime":"2022-09-19 07:14","market":"us","language":"en","title":"All Eyes on Another Sizable Rate Hike From the Fed: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1136811023","media":"Yahoo Finance","summary":"Markets face another hefty interest rate hike in the week ahead as policymakers continue their fight","content":"<html><head></head><body><p>Markets face another hefty interest rate hike in the week ahead as policymakers continue their fight against stubborn inflation.</p><p>Investors will be squarely focused on theFederal Reserve’s two-day meeting on Sept. 20-21, with officials expected to deliver a third-straight 75-basis-point increase to their benchmark policy rate after discussions Wednesday at 2:00 p.m. ET.</p><p>Wall Street will also take its cue from Fed Chair Jerome Powell’s speech in the aftermath of the event, along with economic projections of U.S. central bank members and the latest dot plot showing each official’s forecast for the central bank&#39;s key short-term interest rate.</p><p>“In the updated projections, we look for revisions in the direction of less growth, higher unemployment, and a higher terminal rate – yet, we expect the inflation path to remain largely unchanged,” analysts at Bank of America led by Michael Gapen wrote in a note Friday. “To our eyes, this would suggest risks of a hard landing are rising, though we expect the median member to forecast a soft landing.”</p><p>The readout of Federal Reserve expectations may determine whether markets get relief from a recent sell-off or extend sharp declines. On Friday, all three major averages logged their worst week since June. The benchmark S&amp;P 500 shed 4.7% in the week ended Sept. 16, the Dow Jones Industrial Average fell 4.1%, and the tech-heavy Nasdaq Composite tumbled 5.5%.</p><p>Hotter-than-expected inflation data earlier this month sparked a new wave of pessimism about the U.S. central bank’s rate-hiking campaign and its potential to significantly stunt economic growth.</p><p>The Consumer Price Index (CPI) in August reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Economists had expected prices to rise 8.1% over last year and fall 0.1% over last month, according to estimates from Bloomberg.</p><p>Wall Street heavyweights including Bank of America, Goldman Sachs, and Nomura have all lifted their interest rate projections immediately after the reading while raising expectations for a hard landing — a sharp downturn following a period of rapid growth.</p><p>Goldman Sachs warned on Thursday that the stock market may plunge another 26% if the Fed’s rate-hiking campaign triggered a recession.</p><p>&#34;If only a severe recession — and a sharper Fed response to deliver it — will tame inflation, then the downside to both equities and government bonds could still be substantial, even after the damage that we have already seen,&#34; Goldman said.</p><p>Elsewhere in the coming week, a lineup of housing data is on the docket, with gauges on building permits, housing starts, and existing home sales all set to be closely watched. Releases will come after mortgage rates surged past 6% last week, the highest level since November 2008, exacerbating already rampant concerns around affordability.</p><p>On the earnings calendar, results are due out from headliners including FedEx (FDX), Lennar (LEN), General Mills (GIS), Costco (COST), and Darden Restaurants (DRI).</p><p>Shares of FedEx plunged 21% on Friday –wiping out $11 billion in market value for the shipping giant in its worst single-day drop on record after the company warned of a global recession in an ugly earnings pre-announcement. FedEx also withdrew its full-year guidance, citing macroeconomic trends that have &#34;significantly worsened.&#34;</p><p>The logistic giant&#39;s messaging could be a sign of what’s to come as investors inch closer toward the next earnings season, with many strategists sounding the alarm on earnings expectations for the remainder of this year.</p><p>According to data from FactSet Research, earnings growth expectations for the S&amp;P 500 stand at an increase of 3.7% for the third quarter, down sharply from expectations of 9.8% growth at the end of June. Analysts have cut Q3 earnings expectations over the last 2-3 months for every sector in the S&amp;P 500 except energy, and seven out of 11 sectors in the index are now expected to show outright year-over-year declines in earnings, compared to only three in the second quarter.</p><p>In a note on Friday, Bank of America’s Michael Hartnett said earnings per share recession shock could be the catalyst for new market lows, pointing to FedEx’s message.</p><p>—</p><p>Economic Calendar</p><p><b>Monday:</b> <b><i>NAHB Housing Market Index</i></b>, September (47 expected, 49 during prior month)</p><p><b>Tuesday:</b> <b><i>Building permits</i></b>, August (1.605 million expected, 1.674 million during prior month, revised to 1.685 million); <b><i>Building permits</i></b>, month-over-month, August (-4.8% expected, -1.3% during prior month, revised to -0.6%); <b><i>Housing Starts</i></b>, August (1.450 million expected, 1.446 during prior month); <b><i>Housing Starts</i></b>, month-over-month, August (0.3% expected, -9.6% during prior month)</p><p><b>Wednesday:</b> <b><i>MBA Mortgage Applications</i></b>, week ended August 12 (0.2% during prior week); <b><i>Existing Home Sales</i></b>, August (4.70 million expected, 4.81 million during prior month); <b><i>Existing Home Sales</i></b>, month-over-month, August (-2.3% expected, -5.9% during prior month); <b><i>FOMC Rate Decision</i></b>(Lower Bound), September 21 (3.00% expected, 2.25% during prior month); <b><i>FOMC Rate Decision</i></b>(Upper Bound), September 21 (3.25% expected, 2.50% during prior month); <b><i>Interest on Reserve Balances Due</i></b>, September 22 (3.15% expected, 2.40% during prior month)</p><p><b>Thursday</b>: <b><i>Current Account Balance</i></b>, Q2 (-$260.8 billion expected, -$291.4 billion during prior quarter); <b><i>Initial jobless claims</i></b>, week ended September 17 (217,000 expected, 213,000 during prior week); <b><i>Continuing claims</i></b>, week ended September 10 (1.398 expected, 1.403 during prior week); <b><i>Leading Index</i></b>, August (-0.1% expected, -0.14% during prior month); <b><i>Kansas City Fed. Manufacturing Activity</i></b>, September (5 expected, 3 during prior month)</p><p><b>Friday:</b> <b><i>S&amp;P Global U.S. Manufacturing PMI</i></b>, September Preliminary (51.3 expected, 51.5 during prior month); <b><i>S&amp;P Global U.S. Services PMI</i></b>, September Preliminary (45.5 expected, 43.7 during prior month); <b><i>S&amp;P Global U.S. Manufacturing PMI</i></b>, September Preliminary (46.0 expected, 44.6 during prior month)</p><p>—</p><p><b>Earnings Calendar</b></p><p><b>Monday: AutoZone</b>(AZO)</p><p><b>Tuesday:</b> <b>Stitch Fix</b>(SFIX)</p><p><b>Wednesday:FedEx</b>(FDX),<b>Lennar</b>(LEN),<b>General Mills</b>(GIS),<b>KB Home</b>(KBH),<b>Trip.com</b>(TCOM)</p><p><b>Thursday: Costco</b>(COST),<b>Darden Restaurants</b>(DRI),<b>FactSet</b>(FDS)</p><p><b>Friday: Carnival</b>(CCL)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>All Eyes on Another Sizable Rate Hike From the Fed: What to Know This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAll Eyes on Another Sizable Rate Hike From the Fed: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-19 07:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-week-ahead-federal-reserve-meeting-rate-hike-september-18-162530690.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Markets face another hefty interest rate hike in the week ahead as policymakers continue their fight against stubborn inflation.Investors will be squarely focused on theFederal Reserve’s two-day ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-week-ahead-federal-reserve-meeting-rate-hike-september-18-162530690.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/stock-market-week-ahead-federal-reserve-meeting-rate-hike-september-18-162530690.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136811023","content_text":"Markets face another hefty interest rate hike in the week ahead as policymakers continue their fight against stubborn inflation.Investors will be squarely focused on theFederal Reserve’s two-day meeting on Sept. 20-21, with officials expected to deliver a third-straight 75-basis-point increase to their benchmark policy rate after discussions Wednesday at 2:00 p.m. ET.Wall Street will also take its cue from Fed Chair Jerome Powell’s speech in the aftermath of the event, along with economic projections of U.S. central bank members and the latest dot plot showing each official’s forecast for the central bank's key short-term interest rate.“In the updated projections, we look for revisions in the direction of less growth, higher unemployment, and a higher terminal rate – yet, we expect the inflation path to remain largely unchanged,” analysts at Bank of America led by Michael Gapen wrote in a note Friday. “To our eyes, this would suggest risks of a hard landing are rising, though we expect the median member to forecast a soft landing.”The readout of Federal Reserve expectations may determine whether markets get relief from a recent sell-off or extend sharp declines. On Friday, all three major averages logged their worst week since June. The benchmark S&P 500 shed 4.7% in the week ended Sept. 16, the Dow Jones Industrial Average fell 4.1%, and the tech-heavy Nasdaq Composite tumbled 5.5%.Hotter-than-expected inflation data earlier this month sparked a new wave of pessimism about the U.S. central bank’s rate-hiking campaign and its potential to significantly stunt economic growth.The Consumer Price Index (CPI) in August reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Economists had expected prices to rise 8.1% over last year and fall 0.1% over last month, according to estimates from Bloomberg.Wall Street heavyweights including Bank of America, Goldman Sachs, and Nomura have all lifted their interest rate projections immediately after the reading while raising expectations for a hard landing — a sharp downturn following a period of rapid growth.Goldman Sachs warned on Thursday that the stock market may plunge another 26% if the Fed’s rate-hiking campaign triggered a recession.\"If only a severe recession — and a sharper Fed response to deliver it — will tame inflation, then the downside to both equities and government bonds could still be substantial, even after the damage that we have already seen,\" Goldman said.Elsewhere in the coming week, a lineup of housing data is on the docket, with gauges on building permits, housing starts, and existing home sales all set to be closely watched. Releases will come after mortgage rates surged past 6% last week, the highest level since November 2008, exacerbating already rampant concerns around affordability.On the earnings calendar, results are due out from headliners including FedEx (FDX), Lennar (LEN), General Mills (GIS), Costco (COST), and Darden Restaurants (DRI).Shares of FedEx plunged 21% on Friday –wiping out $11 billion in market value for the shipping giant in its worst single-day drop on record after the company warned of a global recession in an ugly earnings pre-announcement. FedEx also withdrew its full-year guidance, citing macroeconomic trends that have \"significantly worsened.\"The logistic giant's messaging could be a sign of what’s to come as investors inch closer toward the next earnings season, with many strategists sounding the alarm on earnings expectations for the remainder of this year.According to data from FactSet Research, earnings growth expectations for the S&P 500 stand at an increase of 3.7% for the third quarter, down sharply from expectations of 9.8% growth at the end of June. Analysts have cut Q3 earnings expectations over the last 2-3 months for every sector in the S&P 500 except energy, and seven out of 11 sectors in the index are now expected to show outright year-over-year declines in earnings, compared to only three in the second quarter.In a note on Friday, Bank of America’s Michael Hartnett said earnings per share recession shock could be the catalyst for new market lows, pointing to FedEx’s message.—Economic CalendarMonday: NAHB Housing Market Index, September (47 expected, 49 during prior month)Tuesday: Building permits, August (1.605 million expected, 1.674 million during prior month, revised to 1.685 million); Building permits, month-over-month, August (-4.8% expected, -1.3% during prior month, revised to -0.6%); Housing Starts, August (1.450 million expected, 1.446 during prior month); Housing Starts, month-over-month, August (0.3% expected, -9.6% during prior month)Wednesday: MBA Mortgage Applications, week ended August 12 (0.2% during prior week); Existing Home Sales, August (4.70 million expected, 4.81 million during prior month); Existing Home Sales, month-over-month, August (-2.3% expected, -5.9% during prior month); FOMC Rate Decision(Lower Bound), September 21 (3.00% expected, 2.25% during prior month); FOMC Rate Decision(Upper Bound), September 21 (3.25% expected, 2.50% during prior month); Interest on Reserve Balances Due, September 22 (3.15% expected, 2.40% during prior month)Thursday: Current Account Balance, Q2 (-$260.8 billion expected, -$291.4 billion during prior quarter); Initial jobless claims, week ended September 17 (217,000 expected, 213,000 during prior week); Continuing claims, week ended September 10 (1.398 expected, 1.403 during prior week); Leading Index, August (-0.1% expected, -0.14% during prior month); Kansas City Fed. Manufacturing Activity, September (5 expected, 3 during prior month)Friday: S&P Global U.S. Manufacturing PMI, September Preliminary (51.3 expected, 51.5 during prior month); S&P Global U.S. Services PMI, September Preliminary (45.5 expected, 43.7 during prior month); S&P Global U.S. Manufacturing PMI, September Preliminary (46.0 expected, 44.6 during prior month)—Earnings CalendarMonday: AutoZone(AZO)Tuesday: Stitch Fix(SFIX)Wednesday:FedEx(FDX),Lennar(LEN),General Mills(GIS),KB Home(KBH),Trip.com(TCOM)Thursday: Costco(COST),Darden Restaurants(DRI),FactSet(FDS)Friday: Carnival(CCL)","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":893,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937688374,"gmtCreate":1663420326498,"gmtModify":1676537268251,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9937688374","repostId":"2267061868","repostType":4,"repost":{"id":"2267061868","kind":"news","pubTimestamp":1663374316,"share":"https://ttm.financial/m/news/2267061868?lang=en_US&edition=fundamental","pubTime":"2022-09-17 08:25","market":"us","language":"en","title":"Apple Stock: Watch Out for These Catalysts","url":"https://stock-news.laohu8.com/highlight/detail?id=2267061868","media":"TipRanks","summary":"Story HighlightsApple’s blockbuster Far Out show has the world buzzing over what could potentially b","content":"<div>\n<p>Story HighlightsApple’s blockbuster Far Out show has the world buzzing over what could potentially be the most successful iteration of the iPhone. Moreover, with its relatively strong results in the ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/apple-stock-nasdaqaapl-watch-out-for-these-catalysts\">Source Link</a>\n\n</div>\n","source":"lsy1606183248679","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 Stock: Watch Out for These Catalysts</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 Stock: Watch Out for These Catalysts\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-17 08:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.tipranks.com/news/article/apple-stock-nasdaqaapl-watch-out-for-these-catalysts><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Story HighlightsApple’s blockbuster Far Out show has the world buzzing over what could potentially be the most successful iteration of the iPhone. Moreover, with its relatively strong results in the ...</p>\n\n<a href=\"https://www.tipranks.com/news/article/apple-stock-nasdaqaapl-watch-out-for-these-catalysts\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.tipranks.com/news/article/apple-stock-nasdaqaapl-watch-out-for-these-catalysts","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267061868","content_text":"Story HighlightsApple’s blockbuster Far Out show has the world buzzing over what could potentially be the most successful iteration of the iPhone. Moreover, with its relatively strong results in the third quarter, it has the potential to continue expanding its top and bottom-line results.September has been a forgettable month for the stock market, but it turned out to be the opposite for Apple stock (NASDAQ:AAPL). The tech giant wrapped up its hotly anticipated Far Out event recently, where it unveiled the latest versions of the iPhone, AirPods, and Apple Watch, much to the delight of its loyal customer base. Moreover, despite the headwinds, its steady revenue expansion and EBITDA growth over the past year make it a solid bet over the long term. Hence, we are bullish on AAPL stock.Similar to previous versions of the iPhone, the newest iteration was able to capture the imaginations of its customer base yet again. Moreover, the biggest surprise was no hike in the price of the iPhone 14 in the U.S. The ability to retain its pricing suggests it’s struck an incredible balance between growth and profitability. The strategy is likely to boost sales immensely once it hits the markets.Furthermore, keeping its prices in check is doubly important now, considering the drop in discretionary spending. High prices will likely make customers fret over spending over $1,000 on an iPhone, but keeping its prices steady is an incredible achievement.Apple’s latest products will likely be a major catalyst for its business. Layer that up with its sticky Apple services, and you have a juggernaut that should steamroll its competition. Most analysts believe these new products will likely elevate its stock price soon. With the current pull-back in prices, it’s probably the right move to invest in AAPL stock.AAPL Stock Could Move Higher in the Near-TermDespite the economic challenges, AAPL stock was able to kick start a few short-lived rallies. Before the Far Out event, Apple stock was deep in the red, but the event’s success kickstarted a rally. Also, the upcoming quarter will be an important litmus test for the business, which could also boost AAPL stock to new heights.With rising inflation across the globe, most tech companies reported low sales numbers, and their stock prices took a massive beating. However, Apple’s third-quarter results were much better than expected, considering the circumstances. With the company’s amazing track record, it’s tough to count out its growth trajectory.Apple Had a Remarkable Third Quarter ShowingApple’s revenues came in at $83 billion for Q3, almost a 2% improvement from the prior-year period. Despite the economic downturn, Apple reported its net profit of $19.4 billion and earnings per share of $1.20, which came in $0.04 higher than analyst estimates. Moreover, it generated record sales in its Services segment. The resilient results during the quarter demonstrate the impact of Apple on its massive customer base.Moreover, the company could generate close to $40.7 billion while dealing with the threat of recession. It seems Apple has done well to manage the impact of inflation and grow its results at a steady pace. It has set itself up for bumper quarters ahead with the release of new products.Apple Expands Production Outside of ChinaApple has announced that it will expand its production outside China to diversify its supply chain and reduce its reliance on a single country. Consequently, Apple invested $1 billion in India, along with expanding into existing facilities in Vietnam and Brazil. The company is also working on setting up a new production line in the U.S.This represents a major shift for Apple, which has so far relied on China for most of its manufacturing. With the reduction in production-related bottlenecks, Apple can effectively manage its operational costs and boost its bottom-line results in the years to come. With the global supply chain challenges, its imperative for companies to have a diversified production base.Is Apple Stock a Buy or a Sell?Turning to Wall Street, AAPL stock maintains a Strong Buy consensus rating. Out of 28 total analyst ratings, 23 Buys, four Holds, and one Sell were assigned over the past three months. The average AAPL price target is $183.56, implying a 20.5% upside potential. Analyst price targets range from a low of $136 per share to a high of $220 per share.Takeaway: AAPL Stock is the Leader of Big TechApple is the crème de la crème as far as tech companies are concerned. It has a history of producing premium products, which continue to capture the imaginations of its customer base. The iPhone Series has been a cash cow for the company and is unlikely to change anytime soon. It has generated billions of dollars for the company, and every new version of the iPhone proves its naysayers wrong.Moreover, the company’s penchant for innovation and diversification remains its strong suit and is arguably the growth catalyst it needs to be successful in the long haul. Additionally, the company remains consistent in rewarding its shareholders.Considering its strong customer base, high demand, high returns, and massive free cash flow, it would not be surprising if AAPL stock performs exceedingly well over the long term. It has, time and again, proven its critics wrong by posting incredible results across all its core and non-core segments.","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":1368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937902493,"gmtCreate":1663336074012,"gmtModify":1676537254633,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937902493","repostId":"1197710343","repostType":4,"repost":{"id":"1197710343","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1663331676,"share":"https://ttm.financial/m/news/1197710343?lang=en_US&edition=fundamental","pubTime":"2022-09-16 20:34","market":"us","language":"en","title":"FedEx Cut to $195; Adobe Lowered to $340; Alcoa Raised to $66｜Price Target Changes","url":"https://stock-news.laohu8.com/highlight/detail?id=1197710343","media":"Benzinga","summary":"Morgan Stanley raised the price target on Alcoa Corporation from $51 to $66. Morgan Stanley analyst ","content":"<html><head></head><body><ul><li>Morgan Stanley raised the price target on <b>Alcoa Corporation</b> from $51 to $66. Morgan Stanley analyst Carlos De Alba also upgraded the stock from Equal-Weight to Overweight. Alcoa shares rose 1.1% to $43.60 in pre-market trading.</li><li>Stifel cut <b>FedEx Corporation</b> price target from $288 to $195. Stifel analyst J. Bruce Chan also downgraded the stock from Buy to Hold. FedEx shares fell 19.7% to $164.50 in pre-market trading.</li><li>Barclays lowered <b>Adobe Inc</b> price target from $440 to $340. Barclays analyst Saket Kalia also downgraded the stock from Overweight to Equal-Weight. Adobe shares fell 2.1% to $302.69 in pre-market trading.</li><li>DA Davidson raised <b>The Beauty Health Company</b> price target from $25 to $30. DA Davidson analyst Linda Bolton Weiser maintained the stock with a Buy. Beauty Health shares jumped 7.2% to close at $12.57 on Thursday.</li><li>Jefferies cut <b>International Paper Company</b> price target from $40 to $31. Jefferies analyst Philip Ng also downgraded the stock from Hold to Underperform. International Paper fell 4.4% to $37.95 in pre-market trading.</li><li>Keybanc lowered <b>Helios Technologies, Inc.</b> price target from $90 to $71. Keybanc analyst Jeffrey Hammond maintained an Overweight rating on the stock. Helios Technologies shares rose 0.3% to close at $51.52 on Thursday.</li></ul></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>FedEx Cut to $195; Adobe Lowered to $340; Alcoa Raised to $66｜Price Target Changes</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\">\nFedEx Cut to $195; Adobe Lowered to $340; Alcoa Raised to $66｜Price Target Changes\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2022-09-16 20:34</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Morgan Stanley raised the price target on <b>Alcoa Corporation</b> from $51 to $66. Morgan Stanley analyst Carlos De Alba also upgraded the stock from Equal-Weight to Overweight. Alcoa shares rose 1.1% to $43.60 in pre-market trading.</li><li>Stifel cut <b>FedEx Corporation</b> price target from $288 to $195. Stifel analyst J. Bruce Chan also downgraded the stock from Buy to Hold. FedEx shares fell 19.7% to $164.50 in pre-market trading.</li><li>Barclays lowered <b>Adobe Inc</b> price target from $440 to $340. Barclays analyst Saket Kalia also downgraded the stock from Overweight to Equal-Weight. Adobe shares fell 2.1% to $302.69 in pre-market trading.</li><li>DA Davidson raised <b>The Beauty Health Company</b> price target from $25 to $30. DA Davidson analyst Linda Bolton Weiser maintained the stock with a Buy. Beauty Health shares jumped 7.2% to close at $12.57 on Thursday.</li><li>Jefferies cut <b>International Paper Company</b> price target from $40 to $31. Jefferies analyst Philip Ng also downgraded the stock from Hold to Underperform. International Paper fell 4.4% to $37.95 in pre-market trading.</li><li>Keybanc lowered <b>Helios Technologies, Inc.</b> price target from $90 to $71. Keybanc analyst Jeffrey Hammond maintained an Overweight rating on the stock. Helios Technologies shares rose 0.3% to close at $51.52 on Thursday.</li></ul></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AA":"美国铝业","ADBE":"Adobe","IP":"国际纸业","HLIO":"Helios Technologies, Inc.","FDX":"联邦快递","SKIN":"The Beauty Health Corp."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197710343","content_text":"Morgan Stanley raised the price target on Alcoa Corporation from $51 to $66. Morgan Stanley analyst Carlos De Alba also upgraded the stock from Equal-Weight to Overweight. Alcoa shares rose 1.1% to $43.60 in pre-market trading.Stifel cut FedEx Corporation price target from $288 to $195. Stifel analyst J. Bruce Chan also downgraded the stock from Buy to Hold. FedEx shares fell 19.7% to $164.50 in pre-market trading.Barclays lowered Adobe Inc price target from $440 to $340. Barclays analyst Saket Kalia also downgraded the stock from Overweight to Equal-Weight. Adobe shares fell 2.1% to $302.69 in pre-market trading.DA Davidson raised The Beauty Health Company price target from $25 to $30. DA Davidson analyst Linda Bolton Weiser maintained the stock with a Buy. Beauty Health shares jumped 7.2% to close at $12.57 on Thursday.Jefferies cut International Paper Company price target from $40 to $31. Jefferies analyst Philip Ng also downgraded the stock from Hold to Underperform. International Paper fell 4.4% to $37.95 in pre-market trading.Keybanc lowered Helios Technologies, Inc. price target from $90 to $71. Keybanc analyst Jeffrey Hammond maintained an Overweight rating on the stock. Helios Technologies shares rose 0.3% to close at $51.52 on Thursday.","news_type":1,"symbols_score_info":{"AA":0.9,"ADBE":0.9,"HLIO":0.9,"IP":0.9,"SKIN":0.9,"FDX":0.9}},"isVote":1,"tweetType":1,"viewCount":1206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9988125575,"gmtCreate":1666701417397,"gmtModify":1676537792157,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9988125575","repostId":"1113956037","repostType":4,"repost":{"id":"1113956037","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1666699484,"share":"https://ttm.financial/m/news/1113956037?lang=en_US&edition=fundamental","pubTime":"2022-10-25 20:04","market":"us","language":"en","title":"Pre-Bell｜U.S. Futures Edge Lower; Microsoft and Alphabet Earnings Are in Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=1113956037","media":"Tiger Newspress","summary":"U.S. stock index futures edged lower on Tuesday after a two-day bounce on Wall Street as investors l","content":"<html><head></head><body><p>U.S. stock index futures edged lower on Tuesday after a two-day bounce on Wall Street as investors looked ahead to another round of earnings reports, especially from megacap companies, that could put a recent market rally to test.</p><p>Earnings reports from a host of companies including Microsoft and Google-owner Alphabet will offer further clues on the strength of corporate America amid higher Treasury yields and an aggressive Federal Reserve tightening cycle. The two companies will report earnings after market close.</p><p><img src=\"https://static.tigerbbs.com/92e454a4a4c4e5a17d2d57dd9a9d570f\" tg-width=\"2044\" tg-height=\"1448\" referrerpolicy=\"no-referrer\"/></p><h2>Market Snapshot</h2><p>At 7:57 a.m. ET, Dow e-minis were down 132 points, or 0.42%, S&amp;P 500 e-minis were down 12.5 points, or 0.22%, and Nasdaq 100 e-minis were down 13 points, or 0.11%.</p><p><img src=\"https://static.tigerbbs.com/164a70e15390848cb51f13c0543c8a5e\" tg-width=\"449\" tg-height=\"184\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p><b>Coca-Cola (KO)</b> – Coca-Cola shares rose 2.4% in the premarket after the beverage giant’ third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it has raised prices to make up for higher expenses.</p><p><b>General Motors (GM)</b> – GM shares rallied 3.2% in premarket trading after the automaker reported a better-than-expected third-quarter profit, helped by rebounding sales. GM also said supply chain constraints are easing, allowing it to increase inventories on dealer lots.</p><p><b>JetBlue (JBLU)</b> – JetBlue reported a quarterly profit as elevated travel demand helped to make up for rising costs. But its bottom line results fell short of estimates and revenue merely matched consensus. JetBlue slipped 4.4% in premarket trading.</p><p><b>Xerox (XRX) </b>– The office equipment maker’s stock tumbled 5.7% in premarket action after it reported an adjusted quarterly profit of 19 cents per share compared with a consensus estimate of 40 cents. Xerox was hit by surging costs and supply chain constraints.</p><p><b>3M (MMM)</b> – 3M reported better-than-expected earnings for the third quarter, but the conglomerate’s revenue fell short of Street forecasts. It also cut its full-year outlook due to rising costs and the impact of the strong U.S. dollar.</p><p><b>General Electric (GE)</b> – GE jumped 4.2% in premarket action even though its earnings fell short of forecasts. The company cut its full-year outlook as it works its way through supply chain issues and higher costs. GE’s revenue was stronger than expected, as was free cash flow.</p><p><b>UPS (UPS) </b>– The delivery service’s shares rallied 3.3% in the premarket following a mixed quarterly report that saw earnings beat consensus and revenue fall short. UPS was helped by expanded profit margins as it raised prices.</p><p><b>UBS (UBS)</b> – UBS jumped 5.1% in the premarket after the Swiss bank posted better-than-expected quarterly results, helped by a jump in customer cash inflows to its wealth management business.</p><p><b>SAP (SAP)</b> – SAP rose 3% in premarket action after the German business software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP also confirmed its full-year outlook.</p><p><b>Logitech (LOGI) </b>– Logitech jumped 7% in the premarket after the maker of computer peripherals maintained its current full-year guidance, which was reduced in July. Logitech has seen sales cool off following a long period of elevated demand spurred by the pandemic.</p><p><b>Qualtrics (XM)</b> – Qualtrics surged 9.6% in the premarket after the maker of customer feedback software reported better-than-expected quarterly results and lifted its full-year forecast.</p><h2>Market News</h2><h3>Rishi Sunak Is U.K. Prime Minister After Meeting King Charles III</h3><p>Rishi Sunak was installed as Britain’s third prime minister of the year by King Charles III on Tuesday, before appointing a Cabinet that will have to wrestle with the U.K.’s economic and political crises.</p><p>Sunak, the U.K.’s first leader of color, was selected as leader of the governing Conservative Party on Monday as it tries to stabilize the economy, and its own plunging popularity, after the brief, disastrous term of Liz Truss.</p><h3>Wall Street Bankers in Riyadh Renew Warnings Over World Economy</h3><p>Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackle decades-high inflation.</p><p>Goldman Sachs boss David Solomon said economic conditions would &#34;tighten meaningfully from here&#34; and the U.S. Federal Reserve could hike rates beyond 4.5-4.75% if it does not see real changes in behaviour.</p><p>JPMorgan Chase &amp; Co&#39;s Chief Executive Jamie Dimon, speaking on the same panel, said the geopolitical situation was more concerning than a possible recession in the United States.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜U.S. Futures Edge Lower; Microsoft and Alphabet Earnings Are in Focus</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\">\nPre-Bell｜U.S. Futures Edge Lower; Microsoft and Alphabet Earnings Are in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-25 20:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures edged lower on Tuesday after a two-day bounce on Wall Street as investors looked ahead to another round of earnings reports, especially from megacap companies, that could put a recent market rally to test.</p><p>Earnings reports from a host of companies including Microsoft and Google-owner Alphabet will offer further clues on the strength of corporate America amid higher Treasury yields and an aggressive Federal Reserve tightening cycle. The two companies will report earnings after market close.</p><p><img src=\"https://static.tigerbbs.com/92e454a4a4c4e5a17d2d57dd9a9d570f\" tg-width=\"2044\" tg-height=\"1448\" referrerpolicy=\"no-referrer\"/></p><h2>Market Snapshot</h2><p>At 7:57 a.m. ET, Dow e-minis were down 132 points, or 0.42%, S&amp;P 500 e-minis were down 12.5 points, or 0.22%, and Nasdaq 100 e-minis were down 13 points, or 0.11%.</p><p><img src=\"https://static.tigerbbs.com/164a70e15390848cb51f13c0543c8a5e\" tg-width=\"449\" tg-height=\"184\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p><b>Coca-Cola (KO)</b> – Coca-Cola shares rose 2.4% in the premarket after the beverage giant’ third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it has raised prices to make up for higher expenses.</p><p><b>General Motors (GM)</b> – GM shares rallied 3.2% in premarket trading after the automaker reported a better-than-expected third-quarter profit, helped by rebounding sales. GM also said supply chain constraints are easing, allowing it to increase inventories on dealer lots.</p><p><b>JetBlue (JBLU)</b> – JetBlue reported a quarterly profit as elevated travel demand helped to make up for rising costs. But its bottom line results fell short of estimates and revenue merely matched consensus. JetBlue slipped 4.4% in premarket trading.</p><p><b>Xerox (XRX) </b>– The office equipment maker’s stock tumbled 5.7% in premarket action after it reported an adjusted quarterly profit of 19 cents per share compared with a consensus estimate of 40 cents. Xerox was hit by surging costs and supply chain constraints.</p><p><b>3M (MMM)</b> – 3M reported better-than-expected earnings for the third quarter, but the conglomerate’s revenue fell short of Street forecasts. It also cut its full-year outlook due to rising costs and the impact of the strong U.S. dollar.</p><p><b>General Electric (GE)</b> – GE jumped 4.2% in premarket action even though its earnings fell short of forecasts. The company cut its full-year outlook as it works its way through supply chain issues and higher costs. GE’s revenue was stronger than expected, as was free cash flow.</p><p><b>UPS (UPS) </b>– The delivery service’s shares rallied 3.3% in the premarket following a mixed quarterly report that saw earnings beat consensus and revenue fall short. UPS was helped by expanded profit margins as it raised prices.</p><p><b>UBS (UBS)</b> – UBS jumped 5.1% in the premarket after the Swiss bank posted better-than-expected quarterly results, helped by a jump in customer cash inflows to its wealth management business.</p><p><b>SAP (SAP)</b> – SAP rose 3% in premarket action after the German business software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP also confirmed its full-year outlook.</p><p><b>Logitech (LOGI) </b>– Logitech jumped 7% in the premarket after the maker of computer peripherals maintained its current full-year guidance, which was reduced in July. Logitech has seen sales cool off following a long period of elevated demand spurred by the pandemic.</p><p><b>Qualtrics (XM)</b> – Qualtrics surged 9.6% in the premarket after the maker of customer feedback software reported better-than-expected quarterly results and lifted its full-year forecast.</p><h2>Market News</h2><h3>Rishi Sunak Is U.K. Prime Minister After Meeting King Charles III</h3><p>Rishi Sunak was installed as Britain’s third prime minister of the year by King Charles III on Tuesday, before appointing a Cabinet that will have to wrestle with the U.K.’s economic and political crises.</p><p>Sunak, the U.K.’s first leader of color, was selected as leader of the governing Conservative Party on Monday as it tries to stabilize the economy, and its own plunging popularity, after the brief, disastrous term of Liz Truss.</p><h3>Wall Street Bankers in Riyadh Renew Warnings Over World Economy</h3><p>Top Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackle decades-high inflation.</p><p>Goldman Sachs boss David Solomon said economic conditions would &#34;tighten meaningfully from here&#34; and the U.S. Federal Reserve could hike rates beyond 4.5-4.75% if it does not see real changes in behaviour.</p><p>JPMorgan Chase &amp; Co&#39;s Chief Executive Jamie Dimon, speaking on the same panel, said the geopolitical situation was more concerning than a possible recession in the United States.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","GM":"通用汽车","GE":"GE航空航天","UPS":"联合包裹",".SPX":"S&P 500 Index","UBS":"瑞银","SAP":"SAP SE","JBLU":"捷蓝航空","MSFT":"微软","MMM":"3M","KO":"可口可乐","XRX":"施乐","LOGI":"罗技","GOOGL":"谷歌A"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113956037","content_text":"U.S. stock index futures edged lower on Tuesday after a two-day bounce on Wall Street as investors looked ahead to another round of earnings reports, especially from megacap companies, that could put a recent market rally to test.Earnings reports from a host of companies including Microsoft and Google-owner Alphabet will offer further clues on the strength of corporate America amid higher Treasury yields and an aggressive Federal Reserve tightening cycle. The two companies will report earnings after market close.Market SnapshotAt 7:57 a.m. ET, Dow e-minis were down 132 points, or 0.42%, S&P 500 e-minis were down 12.5 points, or 0.22%, and Nasdaq 100 e-minis were down 13 points, or 0.11%.Pre-Market MoversCoca-Cola (KO) – Coca-Cola shares rose 2.4% in the premarket after the beverage giant’ third-quarter earnings and sales beat Street forecasts. The company also raised its full-year outlook as demand remains steady even as it has raised prices to make up for higher expenses.General Motors (GM) – GM shares rallied 3.2% in premarket trading after the automaker reported a better-than-expected third-quarter profit, helped by rebounding sales. GM also said supply chain constraints are easing, allowing it to increase inventories on dealer lots.JetBlue (JBLU) – JetBlue reported a quarterly profit as elevated travel demand helped to make up for rising costs. But its bottom line results fell short of estimates and revenue merely matched consensus. JetBlue slipped 4.4% in premarket trading.Xerox (XRX) – The office equipment maker’s stock tumbled 5.7% in premarket action after it reported an adjusted quarterly profit of 19 cents per share compared with a consensus estimate of 40 cents. Xerox was hit by surging costs and supply chain constraints.3M (MMM) – 3M reported better-than-expected earnings for the third quarter, but the conglomerate’s revenue fell short of Street forecasts. It also cut its full-year outlook due to rising costs and the impact of the strong U.S. dollar.General Electric (GE) – GE jumped 4.2% in premarket action even though its earnings fell short of forecasts. The company cut its full-year outlook as it works its way through supply chain issues and higher costs. GE’s revenue was stronger than expected, as was free cash flow.UPS (UPS) – The delivery service’s shares rallied 3.3% in the premarket following a mixed quarterly report that saw earnings beat consensus and revenue fall short. UPS was helped by expanded profit margins as it raised prices.UBS (UBS) – UBS jumped 5.1% in the premarket after the Swiss bank posted better-than-expected quarterly results, helped by a jump in customer cash inflows to its wealth management business.SAP (SAP) – SAP rose 3% in premarket action after the German business software company reported upbeat quarterly results, helped by strong growth in its cloud business. SAP also confirmed its full-year outlook.Logitech (LOGI) – Logitech jumped 7% in the premarket after the maker of computer peripherals maintained its current full-year guidance, which was reduced in July. Logitech has seen sales cool off following a long period of elevated demand spurred by the pandemic.Qualtrics (XM) – Qualtrics surged 9.6% in the premarket after the maker of customer feedback software reported better-than-expected quarterly results and lifted its full-year forecast.Market NewsRishi Sunak Is U.K. Prime Minister After Meeting King Charles IIIRishi Sunak was installed as Britain’s third prime minister of the year by King Charles III on Tuesday, before appointing a Cabinet that will have to wrestle with the U.K.’s economic and political crises.Sunak, the U.K.’s first leader of color, was selected as leader of the governing Conservative Party on Monday as it tries to stabilize the economy, and its own plunging popularity, after the brief, disastrous term of Liz Truss.Wall Street Bankers in Riyadh Renew Warnings Over World EconomyTop Wall Street bankers renewed their warnings about the world economy on Tuesday amid geopolitical tensions and steep interest rate hikes to tackle decades-high inflation.Goldman Sachs boss David Solomon said economic conditions would \"tighten meaningfully from here\" and the U.S. Federal Reserve could hike rates beyond 4.5-4.75% if it does not see real changes in behaviour.JPMorgan Chase & Co's Chief Executive Jamie Dimon, speaking on the same panel, said the geopolitical situation was more concerning than a possible recession in the United States.","news_type":1,"symbols_score_info":{"GE":0.9,"GOOGL":0.9,"GM":0.9,"UPS":0.9,"NQmain":0.9,".DJI":0.9,".SPX":0.9,"UBS":0.9,"XM":0.9,".IXIC":0.9,"YMmain":0.9,"LOGI":0.9,"MSFT":0.9,"MMM":0.9,"XRX":0.9,"ESmain":0.9,"SAP":0.9,"KO":0.9,"JBLU":0.9}},"isVote":1,"tweetType":1,"viewCount":3875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910212717,"gmtCreate":1663632152640,"gmtModify":1676537303906,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9910212717","repostId":"2268919880","repostType":4,"repost":{"id":"2268919880","kind":"highlight","pubTimestamp":1663619595,"share":"https://ttm.financial/m/news/2268919880?lang=en_US&edition=fundamental","pubTime":"2022-09-20 04:33","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed","url":"https://stock-news.laohu8.com/highlight/detail?id=2268919880","media":"Reuters","summary":"Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attent","content":"<html><head></head><body><p>Wall Street&#39;s main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week&#39;s policy meeting at the Federal Reserve and how aggressively it will hike interest rates.</p><p>Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank are driving market sentiment as traders try to position themselves for a rising interest rate environment.</p><p>The S&amp;P 500 and the Nasdaq rebounded from logging their worst weekly percentage drop since June on Friday, as markets fully priced in at least a 75 basis point rise in rates at the end of Fed&#39;s Sept. 20-21 policy meeting, with Fed funds futures showing a 15% chance of a whopping 100 bps increase.</p><p>Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.46%.</p><p>&#34;This is all about what&#39;s going to happen on Wednesday, and what comes out of the Fed&#39;s hands on Wednesday, so I think people are just going to wait and see until then,&#34; said Josh Markman, partner at Bel Air Investment Advisors.</p><p>&#34;We had a poor print when the CPI came in, so the Fed - who is behind the 8-ball - is now trying to get ahead of the curve and curb inflation, and that (awareness) is driving equity markets.&#34;</p><p>Reflecting the caution for new bets ahead of the Fed meeting, just 9.58 million shares traded on U.S. exchanges on Monday, the sixth lightest day for trading volume this year.</p><p>Focus will also be on new economic projections, due to be published alongside the Fed&#39;s policy statement at 2 p.m. ET (1800 GMT) on Wednesday.</p><p>Worries of Fed tightening have dragged the S&amp;P 500 down 18.2% this year, with a recent dire earnings report from delivery firm FedEx Corp, an inverted U.S. Treasury yield curve and warnings from the World Bank and the IMF about an impending global economic slowdown adding to the woes.</p><p>Goldman Sachs cut its forecast for 2023 U.S. GDP late on Friday as it projects a more aggressive Fed and sees that pushing the jobless rate higher than it previously expected.</p><p>&#34;The Fed will continue to plough along, we&#39;ll get 75 (bps) on Wednesday, but what comes next and whether they are going to pause or not after Wednesday, that is going to be the interesting part,&#34; said Bel Air&#39;s Markman.</p><p>The Dow Jones Industrial Average rose 197.26 points, or 0.64%, to 31,019.68, the S&amp;P 500 gained 26.56 points, or 0.69%, to 3,899.89 and the Nasdaq Composite added 86.62 points, or 0.76%, to 11,535.02.</p><p>A majority of the 11 S&amp;P 500 sectors rose. One exception was healthcare, down 0.6% as it was weighed by a fall in shares of vaccine maker Moderna Inc a day after President Joe Biden said in a CBS interview that &#34;the pandemic is over&#34;.</p><p>Industrial stocks rebounded 1.4% after a sharp drop on Friday, while banks gained 1.9%. Tech heavyweights Apple Inc and Tesla Inc rose 2.5% and 1.9%, respectively, to provide the biggest boost to the S&amp;P 500 and the Nasdaq.</p><p><a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> Inc closed up 0.7%, having recovered from a slump earlier in the day caused by confirmation that a hacker had leaked the early footage of Grand Theft Auto VI, the next installment of the best-selling videogame.</p><p>Meanwhile, Knowbe4 Inc jumped 28.2% to $22.17, its highest close since May 4, after the cybersecurity firm said that <a href=\"https://laohu8.com/S/VGL.AU\">Vista</a> Equity Partners had offered to take it private for $24 per share, valuing the company at $4.22 billion.</p><p>The S&amp;P 500 posted one new 52-week high and 28 new lows; the Nasdaq Composite recorded 29 new highs and 378 new lows. </p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Choppy Session Higher With Focus Firmly on Fed\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-20 04:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest ...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-203315834.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2268919880","content_text":"Wall Street's main indexes ended a seesaw session higher on Monday, as investors turned their attention to this week's policy meeting at the Federal Reserve and how aggressively it will hike interest rates.Even more so than the Ukraine war or corporate earnings, the actions of the U.S. central bank are driving market sentiment as traders try to position themselves for a rising interest rate environment.The S&P 500 and the Nasdaq rebounded from logging their worst weekly percentage drop since June on Friday, as markets fully priced in at least a 75 basis point rise in rates at the end of Fed's Sept. 20-21 policy meeting, with Fed funds futures showing a 15% chance of a whopping 100 bps increase.Unexpectedly hot August inflation data last week also raised bets on increased rate hikes down the road, with the terminal rate for U.S. fed funds now at 4.46%.\"This is all about what's going to happen on Wednesday, and what comes out of the Fed's hands on Wednesday, so I think people are just going to wait and see until then,\" said Josh Markman, partner at Bel Air Investment Advisors.\"We had a poor print when the CPI came in, so the Fed - who is behind the 8-ball - is now trying to get ahead of the curve and curb inflation, and that (awareness) is driving equity markets.\"Reflecting the caution for new bets ahead of the Fed meeting, just 9.58 million shares traded on U.S. exchanges on Monday, the sixth lightest day for trading volume this year.Focus will also be on new economic projections, due to be published alongside the Fed's policy statement at 2 p.m. ET (1800 GMT) on Wednesday.Worries of Fed tightening have dragged the S&P 500 down 18.2% this year, with a recent dire earnings report from delivery firm FedEx Corp, an inverted U.S. Treasury yield curve and warnings from the World Bank and the IMF about an impending global economic slowdown adding to the woes.Goldman Sachs cut its forecast for 2023 U.S. GDP late on Friday as it projects a more aggressive Fed and sees that pushing the jobless rate higher than it previously expected.\"The Fed will continue to plough along, we'll get 75 (bps) on Wednesday, but what comes next and whether they are going to pause or not after Wednesday, that is going to be the interesting part,\" said Bel Air's Markman.The Dow Jones Industrial Average rose 197.26 points, or 0.64%, to 31,019.68, the S&P 500 gained 26.56 points, or 0.69%, to 3,899.89 and the Nasdaq Composite added 86.62 points, or 0.76%, to 11,535.02.A majority of the 11 S&P 500 sectors rose. One exception was healthcare, down 0.6% as it was weighed by a fall in shares of vaccine maker Moderna Inc a day after President Joe Biden said in a CBS interview that \"the pandemic is over\".Industrial stocks rebounded 1.4% after a sharp drop on Friday, while banks gained 1.9%. Tech heavyweights Apple Inc and Tesla Inc rose 2.5% and 1.9%, respectively, to provide the biggest boost to the S&P 500 and the Nasdaq.Take-Two Interactive Software Inc closed up 0.7%, having recovered from a slump earlier in the day caused by confirmation that a hacker had leaked the early footage of Grand Theft Auto VI, the next installment of the best-selling videogame.Meanwhile, Knowbe4 Inc jumped 28.2% to $22.17, its highest close since May 4, after the cybersecurity firm said that Vista Equity Partners had offered to take it private for $24 per share, valuing the company at $4.22 billion.The S&P 500 posted one new 52-week high and 28 new lows; the Nasdaq Composite recorded 29 new highs and 378 new lows.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.6}},"isVote":1,"tweetType":1,"viewCount":908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9085937316,"gmtCreate":1650633254257,"gmtModify":1676534767109,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9085937316","repostId":"1117994501","repostType":4,"repost":{"id":"1117994501","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1650628691,"share":"https://ttm.financial/m/news/1117994501?lang=en_US&edition=fundamental","pubTime":"2022-04-22 19:58","market":"us","language":"en","title":"Pre-Bell｜U.S. Stock Futures Pointed to Lower Open; Gap Tumbled Nearly 12%","url":"https://stock-news.laohu8.com/highlight/detail?id=1117994501","media":"Tiger Newspress","summary":"U.S. stock futures were lower in pre-market trading Friday after hawkish comments from Federal Reser","content":"<html><head></head><body><p>U.S. stock futures were lower in pre-market trading Friday after hawkish comments from Federal Reserve Chair Jerome Powell hinting a half-point rate hike was likely next month sent all three major indexes tumbling in the previous session.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were down 103 points, or 0.30%, S&amp;P 500 e-minis were down 9.25 point, or 0.21%, and Nasdaq 100 e-minis were down 10.5 points, or 0.08%.</p><p><img src=\"https://static.tigerbbs.com/fea5f2890f07b79e3030456da9e9fca6\" tg-width=\"318\" tg-height=\"129\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b>Moving iMage Technologies, Inc.</b> rose 41.7% to $1.63 in pre-market trading. Moving iMage Technologies and SNDBX reported a strategic partnership for gaming and e-Sports.</p><p><b>Chindata Group Holdings Limited</b> rose 9.4% to $4.80 in pre-market trading after Bloomberg reported that the company has received preliminary takeover interest from other firms in the industry.</p><p><b>Guardforce AI Co., Limited</b> rose 7.7% to $0.8321 in pre-market trading. Guardforce AI Co shares gained 18% on Thursday after the company announced the rollout of its robotics services in the U.S.</p><p><b>Lixte Biotechnology Holdings, Inc.</b> shares rose 5.8% to $1.27 in pre-market trading. LIXTE Biotechnology recently reported the closing of $5.8 million registered direct offering priced at-the-market.</p><p><b>Corsair Gaming, Inc.</b> shares fell 13.8% to $15.80 in pre-market trading after the company issued Q1 revenue guidance below analyst estimates.</p><p><b>The Gap, Inc.</b> fell 11.8% to $12.60 in pre-market trading after the company said Nancy Green, CEO and president of its largest brand, Old Navy, is departing this week. Gap also lowered its quarterly forecast.</p><p><b>ION Geophysical Corporation</b> shares fell 10.7% to $0.5820 in pre-market trading. ION Geophysical recently announced it has been awarded a five-year contract by Brunei Shell Petroleum for a digital solution to manage Marine Logistics.</p><p><b>Swvl Holdings Corp.</b> fell 7.5% to $5.83 in pre-market trading. Swvl Holdings F-1 showed registration for 87.4 million share common stock offering via selling shareholders, includes warrants.</p><p><b>Clarus Therapeutics Holdings, Inc.</b> fell 6.5% to $2.16 in pre-market trading after gaining 11% on Thursday. The company on Tuesday announced it will present new data on JATENZO at the Androgen Society 4th Annual Meeting.</p><p><b>Ampio Pharmaceuticals, Inc.</b> fell 6.4% to $0.2319 in pre-market trading. Ampio Pharmaceuticals shares dropped 27% on Thursday after the company provided a regulatory update and said the FDA did not agree with the company&#39;s proposed changes to its AP-013 trial.</p><p><b>Market News</b></p><p>Consensus earnings estimates for the S&amp;P 500 are “overly pessimistic” for the first quarter and companies in the index are poised to deliver a surprise of 4% to 5% on “better-than-feared margins,” according to a team of <b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b> strategists led by Dubravko Lakos-Bujas and Marko Kolanovic.</p><p><b><a href=\"https://laohu8.com/S/LULU\">Lululemon Athletica</a></b> is launching membership plans later this year in an effort to maintain customer loyalty and sell more workout gear.</p><p>CNN is shutting down its streaming service CNN+ about a month after it launched, a sign of its new owners’ lack of faith in the viability of a subscription-based stand-alone news platform.</p><p><b><a href=\"https://laohu8.com/S/BUDFF\">Anheuser Busch Inbev SA NV</a></b> will sell its stake in a Russian joint venture, taking a $1.1 billion hit as the world’s largest brewer joins the global move to exit operations following the country’s invasion of neighboring Ukraine.</p><p>Honda Motor plans to build millions of electric vehicles (EV) by 2030 using three new dedicated platforms, with one to be jointly developed with U.S. partner General Motors, a top executive at the Japanese automaker said.</p><p>China&#39;s securities watchdog is holding regular talks with U.S. regulators over audit cooperation and expects a deal soon, a Chinese regulatory official said on Thursday about a dispute that could lead to delistings of U.S.-listed Chinese firms.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜U.S. Stock Futures Pointed to Lower Open; Gap Tumbled Nearly 12%</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; 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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\">\nPre-Bell｜U.S. Stock Futures Pointed to Lower Open; Gap Tumbled Nearly 12%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-04-22 19:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures were lower in pre-market trading Friday after hawkish comments from Federal Reserve Chair Jerome Powell hinting a half-point rate hike was likely next month sent all three major indexes tumbling in the previous session.</p><p><b>Market Snapshot</b></p><p>At 7:50 a.m. ET, Dow e-minis were down 103 points, or 0.30%, S&amp;P 500 e-minis were down 9.25 point, or 0.21%, and Nasdaq 100 e-minis were down 10.5 points, or 0.08%.</p><p><img src=\"https://static.tigerbbs.com/fea5f2890f07b79e3030456da9e9fca6\" tg-width=\"318\" tg-height=\"129\" width=\"100%\" height=\"auto\"/></p><p><b>Pre-Market Movers</b></p><p><b>Moving iMage Technologies, Inc.</b> rose 41.7% to $1.63 in pre-market trading. Moving iMage Technologies and SNDBX reported a strategic partnership for gaming and e-Sports.</p><p><b>Chindata Group Holdings Limited</b> rose 9.4% to $4.80 in pre-market trading after Bloomberg reported that the company has received preliminary takeover interest from other firms in the industry.</p><p><b>Guardforce AI Co., Limited</b> rose 7.7% to $0.8321 in pre-market trading. Guardforce AI Co shares gained 18% on Thursday after the company announced the rollout of its robotics services in the U.S.</p><p><b>Lixte Biotechnology Holdings, Inc.</b> shares rose 5.8% to $1.27 in pre-market trading. LIXTE Biotechnology recently reported the closing of $5.8 million registered direct offering priced at-the-market.</p><p><b>Corsair Gaming, Inc.</b> shares fell 13.8% to $15.80 in pre-market trading after the company issued Q1 revenue guidance below analyst estimates.</p><p><b>The Gap, Inc.</b> fell 11.8% to $12.60 in pre-market trading after the company said Nancy Green, CEO and president of its largest brand, Old Navy, is departing this week. Gap also lowered its quarterly forecast.</p><p><b>ION Geophysical Corporation</b> shares fell 10.7% to $0.5820 in pre-market trading. ION Geophysical recently announced it has been awarded a five-year contract by Brunei Shell Petroleum for a digital solution to manage Marine Logistics.</p><p><b>Swvl Holdings Corp.</b> fell 7.5% to $5.83 in pre-market trading. Swvl Holdings F-1 showed registration for 87.4 million share common stock offering via selling shareholders, includes warrants.</p><p><b>Clarus Therapeutics Holdings, Inc.</b> fell 6.5% to $2.16 in pre-market trading after gaining 11% on Thursday. The company on Tuesday announced it will present new data on JATENZO at the Androgen Society 4th Annual Meeting.</p><p><b>Ampio Pharmaceuticals, Inc.</b> fell 6.4% to $0.2319 in pre-market trading. Ampio Pharmaceuticals shares dropped 27% on Thursday after the company provided a regulatory update and said the FDA did not agree with the company&#39;s proposed changes to its AP-013 trial.</p><p><b>Market News</b></p><p>Consensus earnings estimates for the S&amp;P 500 are “overly pessimistic” for the first quarter and companies in the index are poised to deliver a surprise of 4% to 5% on “better-than-feared margins,” according to a team of <b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a></b> strategists led by Dubravko Lakos-Bujas and Marko Kolanovic.</p><p><b><a href=\"https://laohu8.com/S/LULU\">Lululemon Athletica</a></b> is launching membership plans later this year in an effort to maintain customer loyalty and sell more workout gear.</p><p>CNN is shutting down its streaming service CNN+ about a month after it launched, a sign of its new owners’ lack of faith in the viability of a subscription-based stand-alone news platform.</p><p><b><a href=\"https://laohu8.com/S/BUDFF\">Anheuser Busch Inbev SA NV</a></b> will sell its stake in a Russian joint venture, taking a $1.1 billion hit as the world’s largest brewer joins the global move to exit operations following the country’s invasion of neighboring Ukraine.</p><p>Honda Motor plans to build millions of electric vehicles (EV) by 2030 using three new dedicated platforms, with one to be jointly developed with U.S. partner General Motors, a top executive at the Japanese automaker said.</p><p>China&#39;s securities watchdog is holding regular talks with U.S. regulators over audit cooperation and expects a deal soon, a Chinese regulatory official said on Thursday about a dispute that could lead to delistings of U.S.-listed Chinese firms.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117994501","content_text":"U.S. stock futures were lower in pre-market trading Friday after hawkish comments from Federal Reserve Chair Jerome Powell hinting a half-point rate hike was likely next month sent all three major indexes tumbling in the previous session.Market SnapshotAt 7:50 a.m. ET, Dow e-minis were down 103 points, or 0.30%, S&P 500 e-minis were down 9.25 point, or 0.21%, and Nasdaq 100 e-minis were down 10.5 points, or 0.08%.Pre-Market MoversMoving iMage Technologies, Inc. rose 41.7% to $1.63 in pre-market trading. Moving iMage Technologies and SNDBX reported a strategic partnership for gaming and e-Sports.Chindata Group Holdings Limited rose 9.4% to $4.80 in pre-market trading after Bloomberg reported that the company has received preliminary takeover interest from other firms in the industry.Guardforce AI Co., Limited rose 7.7% to $0.8321 in pre-market trading. Guardforce AI Co shares gained 18% on Thursday after the company announced the rollout of its robotics services in the U.S.Lixte Biotechnology Holdings, Inc. shares rose 5.8% to $1.27 in pre-market trading. LIXTE Biotechnology recently reported the closing of $5.8 million registered direct offering priced at-the-market.Corsair Gaming, Inc. shares fell 13.8% to $15.80 in pre-market trading after the company issued Q1 revenue guidance below analyst estimates.The Gap, Inc. fell 11.8% to $12.60 in pre-market trading after the company said Nancy Green, CEO and president of its largest brand, Old Navy, is departing this week. Gap also lowered its quarterly forecast.ION Geophysical Corporation shares fell 10.7% to $0.5820 in pre-market trading. ION Geophysical recently announced it has been awarded a five-year contract by Brunei Shell Petroleum for a digital solution to manage Marine Logistics.Swvl Holdings Corp. fell 7.5% to $5.83 in pre-market trading. Swvl Holdings F-1 showed registration for 87.4 million share common stock offering via selling shareholders, includes warrants.Clarus Therapeutics Holdings, Inc. fell 6.5% to $2.16 in pre-market trading after gaining 11% on Thursday. The company on Tuesday announced it will present new data on JATENZO at the Androgen Society 4th Annual Meeting.Ampio Pharmaceuticals, Inc. fell 6.4% to $0.2319 in pre-market trading. Ampio Pharmaceuticals shares dropped 27% on Thursday after the company provided a regulatory update and said the FDA did not agree with the company's proposed changes to its AP-013 trial.Market NewsConsensus earnings estimates for the S&P 500 are “overly pessimistic” for the first quarter and companies in the index are poised to deliver a surprise of 4% to 5% on “better-than-feared margins,” according to a team of JPMorgan Chase strategists led by Dubravko Lakos-Bujas and Marko Kolanovic.Lululemon Athletica is launching membership plans later this year in an effort to maintain customer loyalty and sell more workout gear.CNN is shutting down its streaming service CNN+ about a month after it launched, a sign of its new owners’ lack of faith in the viability of a subscription-based stand-alone news platform.Anheuser Busch Inbev SA NV will sell its stake in a Russian joint venture, taking a $1.1 billion hit as the world’s largest brewer joins the global move to exit operations following the country’s invasion of neighboring Ukraine.Honda Motor plans to build millions of electric vehicles (EV) by 2030 using three new dedicated platforms, with one to be jointly developed with U.S. partner General Motors, a top executive at the Japanese automaker said.China's securities watchdog is holding regular talks with U.S. regulators over audit cooperation and expects a deal soon, a Chinese regulatory official said on Thursday about a dispute that could lead to delistings of U.S.-listed Chinese firms.","news_type":1,"symbols_score_info":{"YMmain":0.9,"ESmain":0.9,"NQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914982328,"gmtCreate":1665157054164,"gmtModify":1676537566165,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9914982328","repostId":"2273803113","repostType":4,"repost":{"id":"2273803113","kind":"news","pubTimestamp":1665131530,"share":"https://ttm.financial/m/news/2273803113?lang=en_US&edition=fundamental","pubTime":"2022-10-07 16:32","market":"us","language":"en","title":"Apple: Why I Bought More At $140","url":"https://stock-news.laohu8.com/highlight/detail?id=2273803113","media":"Seeking Alpha","summary":"SummaryI placed a limit buy order for Apple at $140 in September. The order was triggered last Frida","content":"<html><head></head><body><h2>Summary</h2><ul><li>I placed a limit buy order for Apple at $140 in September. The order was triggered last Friday thanks to market volatility, and now I own more shares.</li><li>There is no doubt that the business faces many short-term challenges.</li><li>However, as Buffett commented, if you have to closely follow the day-to-day stuff, you should not own it in the first place.</li><li>This wisdom is true for Apple more than anything else in my mind.</li><li>Moreover, the market underestimates (or misunderstands) its SaaS potential and creates a mispricing.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/14d264625dbfe4fe0a4446b0ae1cf349\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Seremin</span></p><h2>Investment thesis</h2><p>During the last week of September (September 25 to be exact), I sent an alert to our marketplace members. The alert informed them that I placed a limit buy order for Apple (NASDAQ:AAPL) at $140 and mythought process (the stock price then was about $150.5). A price of $140 corresponds to about 22x of its FW PE. To me, any valuation near 20x is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 22x PE would provide about 5% owners earnings yield, leading to a total return close to double digits. For a stock like AAPL, I am always happy to buy/add when the total annual return is close to 10% or above. A 10% return is healthy enough to start with. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10% annual return is almost 3x of what you can get from bonds in the long term.</p><p>Also, to put things under historical perspective, a valuation around 22x is also below the historical average of 24.7x in recent years by about 10% (11% to be exact), leaving a comfortable margin of safety. And also, bear in mind that the stock was so obviously before 2021 and those levels are outliers in my mind. So, the historical average of 24.75x is already biased.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a0abaa433019690a8212d9df8d71726d\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><p>All told, thanks to market volatility, the stock price dipped below $140 a few days later on Sept 30. The order is triggered, and now I own more AAPL shares. I of course do not want to pretend that I have any idea that its price would actually dip below $140 or not. However, I do have a good sense of its intrinsic value and the magnitude of market gyrations. And as a long-term and patient investor, I do know that 22x PE is a good deal for a stock like AAPL.</p><h2>Near-term challenges</h2><p>There is no shortage of external challenges in the near term. And these challenges can be substantial, too. They will continue to weigh on performance over the near term. These challenges include new variants of COVID-19, the ongoing war between Russia and Ukraine, unfavorable currency exchange rates, and high inflation and rising interest rates. In particular, you can see the effects that these headwinds have exerted on its margins. Over the past few quarters, its gross margin shrank by more than 200 basis points from a peak of 43.76% to 41.04%. Net profit margin shrank even more, by more than 450 basis points from a peak of 27.9% to 23.4%. China, its key market, had to lock down several of its key cities in the H1 of the year due to COVID-19, and the ongoing pandemic situation probably would lead to more lockdowns, which have impacted its sales and production and would very likely continue to in the near future.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3f2a9e2475e37539082fb89230bb995b\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><h2>AAPL and Buffettism</h2><p>However, as Buffett commented, if you have to closely follow the day-to-day stuff of a stock, you should not own it in the first place. He was once asked about his AAPL position during a Yahoo! Finance interview. You can see the full interview here, full of typical Buffett-style wisdom and highly recommended. The following is an excerpt and the highlights are added by me.</p><blockquote><i>Yahoo Finance: how closely do you follow the company? You know, people are concerned they really have not introduced any new products.</i></blockquote><blockquote><i>Buffett:</i> <i><b>Well, if you have to closely follow the company, you should not own it in the first place. If you buy a business, say you buy a farm, do you go up and look every couple of weeks to see how far the corn has grown up?</b></i> <i>Do you worry too much about whether somebody says this year is going to be a year of low corn prices because exports are being affected or something? You know, it does not grow faster if I go and stare at it…</i><i><b>AlthoughI do care over the years that it is well tended to in terms of rotating crops. And I hope yields get better.</b></i></blockquote><p>In my mind, this wisdom is truer for Apple than anything else. A high-yield farm is what exactly it is. As a high-yield farm, investors should have the perspective to overlook its daily (or even yearly) noises and focus on the long term, as detailed next.</p><h2>Business outlook and projected returns</h2><p>I am optimistic about its future. The company has displayed remarkable resilience in the face of the difficult operating backdrop in the past. And I am certain that this time is no different. The inflation or drag from foreign exchange rates may worsen in the near term. But remember, Buffett&#39;s other wisdom is<i>not</i>to pick stocks based on macroeconomic parameters - which are totally unpredictable and out of anyone&#39;s control.</p><p>Altogether, consensus estimates look for share net to come in around $6.46 in 2023. And again, at a price of $140, the PE would be about 22x. Based on the consensus estimates, the growth rate would be about 4.6% CAGR in the next few years, which agrees with my back-of-envelope estimate closely. As aforementioned, at about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates.</p><p>All told, a 22x entry PE, combined with a ~5% growth rate, should provide about 10% total return for a long-term business owner.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d4adcc41419bcccde9ab540b89f003c\" tg-width=\"640\" tg-height=\"260\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><p>Notably, services-related revenues should continue to advance and represent a strong engine for future growth. In this sense, AAPL is transitioning (or you can argue it has successfully transitioned already) from a hardware business into a subscription-based SaaS business.</p><p>According to this report, it added ~30 million paid subscriptions in 2022 alone. Total revenues from services have been growing steadily and rapidly over the years and have reached $19.8 billion. In Q2 2022. Compared to $17.0 billion raked in from services during Q2 2021, this represented an annual growth rate of 16.5%, far outpacing the growth rates of its total revenue. Broadening the timeframe a bit, the growth in its revenues from services has grown more than 230% since 2017, also far outpacing the growth of its product sales (which increased by about 160%). In its latest earnings report, Tim Cook reported a mind-boggling total of 816 million paid subscriptions across its various services ranging from Apple Music, iCloud, and Apple TV+.</p><p>Going forward, I see such a large user base to further grow given Apple&#39;s popularity and premium status. In my view, the market underestimates (or misunderstands) its SaaS potential. As seen from the chart below, it is trading at a sizeable discount relative to other more &#34;standard&#34; SaaS stocks. To wit, in terms of FY1 PE, it is trading slightly below Microsoft Corporation by about 4%, about 20% below Intuit Inc, and more than 27% below Salesforce Inc.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/267e4208372cf220c56b8cfcab38cd7c\" tg-width=\"640\" tg-height=\"206\" referrerpolicy=\"no-referrer\"/><span>Source: Seeking Alpha data</span></p><h2>Risks and final thoughts</h2><p>To recap, there is no doubt that the business faces many short-term challenges. These challenges include the veritable list of the COVID-19 pandemic, the ongoing Russian/Ukraine situation, currency exchange rates, high inflation, and global supply chain disruptions. It also faces its own unique challenges such as margin pressure, cost control, and disruptions in its key China market.</p><p>However, the whole point of owning a stock like AAPL is that you do not have to worry about the quarterly noises. If you do, you defeat the purpose completely and should not own it in the first place. To me, any valuation near 20x is very attractive for a stock with ROCE and financial strength like AAPL. A ~20x PE provides about 5% owner&#39;s earnings yield. And an ROCE near 100% easily leads to 5% growth rates with minimal reinvestments, resulting in a double-digit return potential already.</p><p>Finally, specific to AAPL, the revenues and growth composition are also shifting to service and subscription, further augmenting its stickiness and profitability. The market underestimates (or misunderstands) its SaaS potential and most likely will regret it.</p><p><i>This article is written by Envision Research for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Why I Bought More At $140</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: Why I Bought More At $140\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-07 16:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4544974-apple-why-i-bought-more-140><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryI placed a limit buy order for Apple at $140 in September. The order was triggered last Friday thanks to market volatility, and now I own more shares.There is no doubt that the business faces ...</p>\n\n<a href=\"https://seekingalpha.com/article/4544974-apple-why-i-bought-more-140\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4544974-apple-why-i-bought-more-140","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273803113","content_text":"SummaryI placed a limit buy order for Apple at $140 in September. The order was triggered last Friday thanks to market volatility, and now I own more shares.There is no doubt that the business faces many short-term challenges.However, as Buffett commented, if you have to closely follow the day-to-day stuff, you should not own it in the first place.This wisdom is true for Apple more than anything else in my mind.Moreover, the market underestimates (or misunderstands) its SaaS potential and creates a mispricing.SereminInvestment thesisDuring the last week of September (September 25 to be exact), I sent an alert to our marketplace members. The alert informed them that I placed a limit buy order for Apple (NASDAQ:AAPL) at $140 and mythought process (the stock price then was about $150.5). A price of $140 corresponds to about 22x of its FW PE. To me, any valuation near 20x is very attractive for a stock with ROCE (return on capital employed) near 100% like AAPL. At about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates (i.e., before inflation adjustments). And a 22x PE would provide about 5% owners earnings yield, leading to a total return close to double digits. For a stock like AAPL, I am always happy to buy/add when the total annual return is close to 10% or above. A 10% return is healthy enough to start with. Once you adjust for the risks (and I consider the risks from AAPL similar to treasury bonds), a 10% annual return is almost 3x of what you can get from bonds in the long term.Also, to put things under historical perspective, a valuation around 22x is also below the historical average of 24.7x in recent years by about 10% (11% to be exact), leaving a comfortable margin of safety. And also, bear in mind that the stock was so obviously before 2021 and those levels are outliers in my mind. So, the historical average of 24.75x is already biased.Source: Seeking Alpha dataAll told, thanks to market volatility, the stock price dipped below $140 a few days later on Sept 30. The order is triggered, and now I own more AAPL shares. I of course do not want to pretend that I have any idea that its price would actually dip below $140 or not. However, I do have a good sense of its intrinsic value and the magnitude of market gyrations. And as a long-term and patient investor, I do know that 22x PE is a good deal for a stock like AAPL.Near-term challengesThere is no shortage of external challenges in the near term. And these challenges can be substantial, too. They will continue to weigh on performance over the near term. These challenges include new variants of COVID-19, the ongoing war between Russia and Ukraine, unfavorable currency exchange rates, and high inflation and rising interest rates. In particular, you can see the effects that these headwinds have exerted on its margins. Over the past few quarters, its gross margin shrank by more than 200 basis points from a peak of 43.76% to 41.04%. Net profit margin shrank even more, by more than 450 basis points from a peak of 27.9% to 23.4%. China, its key market, had to lock down several of its key cities in the H1 of the year due to COVID-19, and the ongoing pandemic situation probably would lead to more lockdowns, which have impacted its sales and production and would very likely continue to in the near future.Source: Seeking Alpha dataAAPL and BuffettismHowever, as Buffett commented, if you have to closely follow the day-to-day stuff of a stock, you should not own it in the first place. He was once asked about his AAPL position during a Yahoo! Finance interview. You can see the full interview here, full of typical Buffett-style wisdom and highly recommended. The following is an excerpt and the highlights are added by me.Yahoo Finance: how closely do you follow the company? You know, people are concerned they really have not introduced any new products.Buffett: Well, if you have to closely follow the company, you should not own it in the first place. If you buy a business, say you buy a farm, do you go up and look every couple of weeks to see how far the corn has grown up? Do you worry too much about whether somebody says this year is going to be a year of low corn prices because exports are being affected or something? You know, it does not grow faster if I go and stare at it…AlthoughI do care over the years that it is well tended to in terms of rotating crops. And I hope yields get better.In my mind, this wisdom is truer for Apple than anything else. A high-yield farm is what exactly it is. As a high-yield farm, investors should have the perspective to overlook its daily (or even yearly) noises and focus on the long term, as detailed next.Business outlook and projected returnsI am optimistic about its future. The company has displayed remarkable resilience in the face of the difficult operating backdrop in the past. And I am certain that this time is no different. The inflation or drag from foreign exchange rates may worsen in the near term. But remember, Buffett's other wisdom isnotto pick stocks based on macroeconomic parameters - which are totally unpredictable and out of anyone's control.Altogether, consensus estimates look for share net to come in around $6.46 in 2023. And again, at a price of $140, the PE would be about 22x. Based on the consensus estimates, the growth rate would be about 4.6% CAGR in the next few years, which agrees with my back-of-envelope estimate closely. As aforementioned, at about 100% ROCE, a 5% investment rate would provide 5% organic real growth rates.All told, a 22x entry PE, combined with a ~5% growth rate, should provide about 10% total return for a long-term business owner.Source: Seeking Alpha dataNotably, services-related revenues should continue to advance and represent a strong engine for future growth. In this sense, AAPL is transitioning (or you can argue it has successfully transitioned already) from a hardware business into a subscription-based SaaS business.According to this report, it added ~30 million paid subscriptions in 2022 alone. Total revenues from services have been growing steadily and rapidly over the years and have reached $19.8 billion. In Q2 2022. Compared to $17.0 billion raked in from services during Q2 2021, this represented an annual growth rate of 16.5%, far outpacing the growth rates of its total revenue. Broadening the timeframe a bit, the growth in its revenues from services has grown more than 230% since 2017, also far outpacing the growth of its product sales (which increased by about 160%). In its latest earnings report, Tim Cook reported a mind-boggling total of 816 million paid subscriptions across its various services ranging from Apple Music, iCloud, and Apple TV+.Going forward, I see such a large user base to further grow given Apple's popularity and premium status. In my view, the market underestimates (or misunderstands) its SaaS potential. As seen from the chart below, it is trading at a sizeable discount relative to other more \"standard\" SaaS stocks. To wit, in terms of FY1 PE, it is trading slightly below Microsoft Corporation by about 4%, about 20% below Intuit Inc, and more than 27% below Salesforce Inc.Source: Seeking Alpha dataRisks and final thoughtsTo recap, there is no doubt that the business faces many short-term challenges. These challenges include the veritable list of the COVID-19 pandemic, the ongoing Russian/Ukraine situation, currency exchange rates, high inflation, and global supply chain disruptions. It also faces its own unique challenges such as margin pressure, cost control, and disruptions in its key China market.However, the whole point of owning a stock like AAPL is that you do not have to worry about the quarterly noises. If you do, you defeat the purpose completely and should not own it in the first place. To me, any valuation near 20x is very attractive for a stock with ROCE and financial strength like AAPL. A ~20x PE provides about 5% owner's earnings yield. And an ROCE near 100% easily leads to 5% growth rates with minimal reinvestments, resulting in a double-digit return potential already.Finally, specific to AAPL, the revenues and growth composition are also shifting to service and subscription, further augmenting its stickiness and profitability. The market underestimates (or misunderstands) its SaaS potential and most likely will regret it.This article is written by Envision Research for reference only. Please note the risks.","news_type":1,"symbols_score_info":{"AAPL":1}},"isVote":1,"tweetType":1,"viewCount":4104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988561451,"gmtCreate":1666790452373,"gmtModify":1676537806691,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9988561451","repostId":"1185262680","repostType":4,"repost":{"id":"1185262680","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1666785717,"share":"https://ttm.financial/m/news/1185262680?lang=en_US&edition=fundamental","pubTime":"2022-10-26 20:01","market":"us","language":"en","title":"Pre-Bell｜Nasdaq Futures Drop Over 1%; Big Tech Tumbles","url":"https://stock-news.laohu8.com/highlight/detail?id=1185262680","media":"Tiger Newspress","summary":"Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results ","content":"<html><head></head><body><p>Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses among megacap companies and raised fears of slowing economic growth.</p><p>Microsoft Corp posted itslowest sales growth in five years and forecast second-quarter revenue below Wall Street estimates, while Alphabet reported downbeat ad salesand warned of a slowdownin advertising spending.</p><p>Shares of both companies fell around 6% each in premarket trading and weighed on Amazon.com and Apple, which are scheduled to report results later this week. They were down 3.2% and 0.4%, respectively.</p><h2>Market Snapshot</h2><p>At 6:50 a.m. ET, Dow e-minis were down 34 points, or 0.11%, S&amp;P 500 e-minis were down 29 points, or 0.75%, and Nasdaq 100 e-minis were down 200.5 points, or 1.71%.</p><p><img src=\"https://static.tigerbbs.com/5f514a55f06f0401ccea3e843d9953cb\" tg-width=\"454\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p><b>Alphabet (GOOGL)</b> – Alphabet slumped 6.2% in the premarket after it reported lower-than-expected quarterly profit and revenue. Alphabet&#39;s Google unit saw its fifth consecutive quarter of slower sales growth, and its YouTube operation saw ad revenue drop for the first time since the company began breaking out the unit&#39;s results.</p><p><b>Microsoft (MSFT)</b> – Microsoft took a 6% premarket hit following its quarterly results despite beats on both its top and bottom lines. Microsoft expects a significant decline in personal computer sales, which will in turn continue to hit sales of its Windows operating system. The company also forecast an impact from a stronger U.S. dollar.</p><p><b>Visa (V)</b> – Visa reported better-than-expected profit and revenue for the third quarter as payment volumes jumped. Visa shares gained 2% in the premarket.</p><p><b>Spotify (SPOT)</b> – Spotify shares slid 6.3% in premarket action after the streaming service posted a wider-than-expected loss. Spotify&#39;s revenue came in slightly above analyst forecasts and its monthly active user total exceeded estimates.</p><p><b>Boeing (BA)</b> – Boeing added 1% in the premarket in spite of reporting an unexpected quarterly loss and revenue that fell below Street forecasts. The jet maker maintained its yearly cash flow forecast despite difficulties in elevating commercial jet production.</p><p><b>Hilton Worldwide (HLT)</b> – Hilton added 1% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year forecast. The hotel operator continues to benefit from strong travel demand.</p><p><b>Harley-Davidson (HOG)</b> – Higher shipments and strong pricing helped the iconic motorcycle maker beat top and bottom line estimates with its quarterly results. Harley shares gained 3.7% in premarket trading.</p><p><b>Waste Management (WM)</b> – Waste Management shares jumped 3% in premarket action after reporting better-than-expected quarterly earnings. The company said it benefited from continued strength in its trash collection business and successful cost controls.</p><p><b>Kraft Heinz (KHC)</b>– The food producer&#39;s shares rallied 3.2% following its quarterly results, which saw it beat top and bottom line estimates as it successfully raised prices. That helped offset reduced demand.</p><p><b>Mobileye (MBLY)</b>– Mobileye priced its initial public offering at $21 per share, above the expected range of $18 to $20. Chipmaker Intel (INTC), which bought the self-driving car systems maker in 2017 for $15.3 billion, will maintain voting control.</p><p><b>Mattel (MAT)</b>– Mattel slid 5.5% in premarket trading after the toy maker cut its full-year profit forecast. It plans to increase holiday season promotions to offset inflation-induced consumer reluctance. Mattel reported a better-than-expected profit for its latest quarter, with revenue falling slightly shy of analyst forecasts.</p><h2>Market News</h2><h3>Cloud to PCs, Microsoft Forecasts Spook Investors As Economy Bites</h3><p>Microsoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit.</p><p>Revenue growth in the first quarter was Microsoft&#39;s lowest in five years.</p><p>Microsoft&#39;s cloud business, called Azure, has supercharged revenue growth at the software giant for years. But in its first fiscal quarter of 2023, that growth dropped to 35% and the company projects that to drop again in the current quarter, which is its second quarter. Microsoft missed the 36.5% analyst target compiled by Visible Alpha due to a stronger dollar.</p><h3>Alphabet&#39;s Miss Fans Inflation Fears Across Digital Advertising</h3><p>Google parent Alphabet Inc&#39;s disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown.</p><p>Alphabet called out slowing spending by advertisers on YouTube, said financial services spending was cooling on Google, and plans to cut hiring by more than half.</p><p>The negative results shattered many expectations that Google, which is the world&#39;s largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on Wall Street that inflation will continue to hurt advertising spending. Last week, smaller rival Snap Inc&#39;s slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜Nasdaq Futures Drop Over 1%; Big Tech Tumbles</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\">\nPre-Bell｜Nasdaq Futures Drop Over 1%; Big Tech Tumbles\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-10-26 20:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses among megacap companies and raised fears of slowing economic growth.</p><p>Microsoft Corp posted itslowest sales growth in five years and forecast second-quarter revenue below Wall Street estimates, while Alphabet reported downbeat ad salesand warned of a slowdownin advertising spending.</p><p>Shares of both companies fell around 6% each in premarket trading and weighed on Amazon.com and Apple, which are scheduled to report results later this week. They were down 3.2% and 0.4%, respectively.</p><h2>Market Snapshot</h2><p>At 6:50 a.m. ET, Dow e-minis were down 34 points, or 0.11%, S&amp;P 500 e-minis were down 29 points, or 0.75%, and Nasdaq 100 e-minis were down 200.5 points, or 1.71%.</p><p><img src=\"https://static.tigerbbs.com/5f514a55f06f0401ccea3e843d9953cb\" tg-width=\"454\" tg-height=\"186\" referrerpolicy=\"no-referrer\"/></p><h2>Pre-Market Movers</h2><p><b>Alphabet (GOOGL)</b> – Alphabet slumped 6.2% in the premarket after it reported lower-than-expected quarterly profit and revenue. Alphabet&#39;s Google unit saw its fifth consecutive quarter of slower sales growth, and its YouTube operation saw ad revenue drop for the first time since the company began breaking out the unit&#39;s results.</p><p><b>Microsoft (MSFT)</b> – Microsoft took a 6% premarket hit following its quarterly results despite beats on both its top and bottom lines. Microsoft expects a significant decline in personal computer sales, which will in turn continue to hit sales of its Windows operating system. The company also forecast an impact from a stronger U.S. dollar.</p><p><b>Visa (V)</b> – Visa reported better-than-expected profit and revenue for the third quarter as payment volumes jumped. Visa shares gained 2% in the premarket.</p><p><b>Spotify (SPOT)</b> – Spotify shares slid 6.3% in premarket action after the streaming service posted a wider-than-expected loss. Spotify&#39;s revenue came in slightly above analyst forecasts and its monthly active user total exceeded estimates.</p><p><b>Boeing (BA)</b> – Boeing added 1% in the premarket in spite of reporting an unexpected quarterly loss and revenue that fell below Street forecasts. The jet maker maintained its yearly cash flow forecast despite difficulties in elevating commercial jet production.</p><p><b>Hilton Worldwide (HLT)</b> – Hilton added 1% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year forecast. The hotel operator continues to benefit from strong travel demand.</p><p><b>Harley-Davidson (HOG)</b> – Higher shipments and strong pricing helped the iconic motorcycle maker beat top and bottom line estimates with its quarterly results. Harley shares gained 3.7% in premarket trading.</p><p><b>Waste Management (WM)</b> – Waste Management shares jumped 3% in premarket action after reporting better-than-expected quarterly earnings. The company said it benefited from continued strength in its trash collection business and successful cost controls.</p><p><b>Kraft Heinz (KHC)</b>– The food producer&#39;s shares rallied 3.2% following its quarterly results, which saw it beat top and bottom line estimates as it successfully raised prices. That helped offset reduced demand.</p><p><b>Mobileye (MBLY)</b>– Mobileye priced its initial public offering at $21 per share, above the expected range of $18 to $20. Chipmaker Intel (INTC), which bought the self-driving car systems maker in 2017 for $15.3 billion, will maintain voting control.</p><p><b>Mattel (MAT)</b>– Mattel slid 5.5% in premarket trading after the toy maker cut its full-year profit forecast. It plans to increase holiday season promotions to offset inflation-induced consumer reluctance. Mattel reported a better-than-expected profit for its latest quarter, with revenue falling slightly shy of analyst forecasts.</p><h2>Market News</h2><h3>Cloud to PCs, Microsoft Forecasts Spook Investors As Economy Bites</h3><p>Microsoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit.</p><p>Revenue growth in the first quarter was Microsoft&#39;s lowest in five years.</p><p>Microsoft&#39;s cloud business, called Azure, has supercharged revenue growth at the software giant for years. But in its first fiscal quarter of 2023, that growth dropped to 35% and the company projects that to drop again in the current quarter, which is its second quarter. Microsoft missed the 36.5% analyst target compiled by Visible Alpha due to a stronger dollar.</p><h3>Alphabet&#39;s Miss Fans Inflation Fears Across Digital Advertising</h3><p>Google parent Alphabet Inc&#39;s disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown.</p><p>Alphabet called out slowing spending by advertisers on YouTube, said financial services spending was cooling on Google, and plans to cut hiring by more than half.</p><p>The negative results shattered many expectations that Google, which is the world&#39;s largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on Wall Street that inflation will continue to hurt advertising spending. Last week, smaller rival Snap Inc&#39;s slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","SPOT":"Spotify Technology S.A.","KHC":"卡夫亨氏",".SPX":"S&P 500 Index",".DJI":"道琼斯","BA":"波音","MSFT":"微软","V":"Visa",".IXIC":"NASDAQ Composite","AAPL":"苹果","HLT":"希尔顿酒店","HOG":"哈雷戴维森","MBLY":"Mobileye Global Inc.","MAT":"美国美泰公司","GOOGL":"谷歌A"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185262680","content_text":"Futures tied to the tech-heavy Nasdaq index fell more than 1% on Wednesday as disappointing results and warnings from Microsoft and Alphabet sparked losses among megacap companies and raised fears of slowing economic growth.Microsoft Corp posted itslowest sales growth in five years and forecast second-quarter revenue below Wall Street estimates, while Alphabet reported downbeat ad salesand warned of a slowdownin advertising spending.Shares of both companies fell around 6% each in premarket trading and weighed on Amazon.com and Apple, which are scheduled to report results later this week. They were down 3.2% and 0.4%, respectively.Market SnapshotAt 6:50 a.m. ET, Dow e-minis were down 34 points, or 0.11%, S&P 500 e-minis were down 29 points, or 0.75%, and Nasdaq 100 e-minis were down 200.5 points, or 1.71%.Pre-Market MoversAlphabet (GOOGL) – Alphabet slumped 6.2% in the premarket after it reported lower-than-expected quarterly profit and revenue. Alphabet's Google unit saw its fifth consecutive quarter of slower sales growth, and its YouTube operation saw ad revenue drop for the first time since the company began breaking out the unit's results.Microsoft (MSFT) – Microsoft took a 6% premarket hit following its quarterly results despite beats on both its top and bottom lines. Microsoft expects a significant decline in personal computer sales, which will in turn continue to hit sales of its Windows operating system. The company also forecast an impact from a stronger U.S. dollar.Visa (V) – Visa reported better-than-expected profit and revenue for the third quarter as payment volumes jumped. Visa shares gained 2% in the premarket.Spotify (SPOT) – Spotify shares slid 6.3% in premarket action after the streaming service posted a wider-than-expected loss. Spotify's revenue came in slightly above analyst forecasts and its monthly active user total exceeded estimates.Boeing (BA) – Boeing added 1% in the premarket in spite of reporting an unexpected quarterly loss and revenue that fell below Street forecasts. The jet maker maintained its yearly cash flow forecast despite difficulties in elevating commercial jet production.Hilton Worldwide (HLT) – Hilton added 1% in the premarket after reporting better-than-expected quarterly earnings and raising its full-year forecast. The hotel operator continues to benefit from strong travel demand.Harley-Davidson (HOG) – Higher shipments and strong pricing helped the iconic motorcycle maker beat top and bottom line estimates with its quarterly results. Harley shares gained 3.7% in premarket trading.Waste Management (WM) – Waste Management shares jumped 3% in premarket action after reporting better-than-expected quarterly earnings. The company said it benefited from continued strength in its trash collection business and successful cost controls.Kraft Heinz (KHC)– The food producer's shares rallied 3.2% following its quarterly results, which saw it beat top and bottom line estimates as it successfully raised prices. That helped offset reduced demand.Mobileye (MBLY)– Mobileye priced its initial public offering at $21 per share, above the expected range of $18 to $20. Chipmaker Intel (INTC), which bought the self-driving car systems maker in 2017 for $15.3 billion, will maintain voting control.Mattel (MAT)– Mattel slid 5.5% in premarket trading after the toy maker cut its full-year profit forecast. It plans to increase holiday season promotions to offset inflation-induced consumer reluctance. Mattel reported a better-than-expected profit for its latest quarter, with revenue falling slightly shy of analyst forecasts.Market NewsCloud to PCs, Microsoft Forecasts Spook Investors As Economy BitesMicrosoft Corp on Tuesday projected second-quarter revenue below Wall Street targets across its business units, stoking fear that macroeconomic headwinds are impacting the cloud business in addition to the PC unit.Revenue growth in the first quarter was Microsoft's lowest in five years.Microsoft's cloud business, called Azure, has supercharged revenue growth at the software giant for years. But in its first fiscal quarter of 2023, that growth dropped to 35% and the company projects that to drop again in the current quarter, which is its second quarter. Microsoft missed the 36.5% analyst target compiled by Visible Alpha due to a stronger dollar.Alphabet's Miss Fans Inflation Fears Across Digital AdvertisingGoogle parent Alphabet Inc's disappointing ad sales sparked worries across the digital media sector on Tuesday as advertisers cut back on their spending in the face of an economic slowdown.Alphabet called out slowing spending by advertisers on YouTube, said financial services spending was cooling on Google, and plans to cut hiring by more than half.The negative results shattered many expectations that Google, which is the world's largest digital advertising platform by market share, would remain strong in a weakening economy and reinforced worries on Wall Street that inflation will continue to hurt advertising spending. Last week, smaller rival Snap Inc's slowest-ever revenue growth rate sent inflation fears through tech sector and temporarily wiped out $40 billion in market capitalization.","news_type":1,"symbols_score_info":{"GOOGL":0.9,"HOG":0.9,".IXIC":0.9,"KHC":0.9,"MAT":0.9,"MSFT":0.9,"AAPL":0.9,".SPX":0.9,"SPOT":0.9,"V":0.9,"MBLY":0.9,"HLT":0.9,"BA":0.9,"AMZN":0.9,".DJI":0.9,"ESmain":0.9,"YMmain":0.9,"NQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915858284,"gmtCreate":1665014440148,"gmtModify":1676537543411,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9915858284","repostId":"2273289978","repostType":4,"isVote":1,"tweetType":1,"viewCount":3483,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039179319,"gmtCreate":1645977312762,"gmtModify":1676534078976,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039179319","repostId":"1125580913","repostType":4,"repost":{"id":"1125580913","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1645926503,"share":"https://ttm.financial/m/news/1125580913?lang=en_US&edition=fundamental","pubTime":"2022-02-27 09:48","market":"us","language":"en","title":"Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value","url":"https://stock-news.laohu8.com/highlight/detail?id=1125580913","media":"Tiger Newspress","summary":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-yea","content":"<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Buffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value</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\">\nBuffett Full Annual Letter：Apple is One of ‘Four Giants’ Driving the Conglomerate’s Value\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-27 09:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.</p><p>Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.</p><p>In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.</p><p>“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.</p><p>Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.</p><p>“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”</p><p>Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.</p><p>“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.</p><p>Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.</p><p>Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.</p><p>“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”</p><p><b>Read the full letter here：</b></p><p>To the Shareholders of Berkshire Hathaway Inc.:</p><p>Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.</p><p>Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.</p><p>Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.</p><p>A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.</p><p>Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.</p><p><b>What You Own</b></p><p>Berkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.</p><p>Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.</p><p>I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.</p><h2><b>Surprise, Surprise</b></h2><p>Here are a few items about your company that often surprise even seasoned investors:</p><p>• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.</p><p>At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.</p><p>• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid</p><p>$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.</p><p>Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.</p><p></p><p>The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).</p><p>I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.</p><p>In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from</p><p>$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.</p><p>During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.</p><p>Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.</p><p>Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.</p><p>In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.</p><p>• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.</p><p>So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.</p><p>Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.</p><p>If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.</p><p>Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”</p><p>I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.</p><p>One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.</p><p>Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.</p><h2>Our Four Giants</h2><p>Through Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.</p><p>• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.</p><p>The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.</p><p>There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.</p><p>• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.</p><p>It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.</p><p>• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.</p><p>Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )</p><p>BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.</p><p>• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.</p><p>BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.</p><p>Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.</p><p>To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.</p><h2>Investments</h2><p>Now let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.</p><p><img src=\"https://static.tigerbbs.com/d43587e9f59c0ff76e6c04c6bf9af324\" tg-width=\"1047\" tg-height=\"530\" referrerpolicy=\"no-referrer\"/>* This is our actual purchase price and also our tax basis.</p><p>** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.</p><p>*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.</p><p>In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.</p><p>Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.</p><h2>U.S. Treasury Bills</h2><p>Berkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.</p><p>Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.</p><h2>But $144 billion?</h2><p>That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)</p><p>After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.</p><p>Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.</p><h2>Share Repurchases</h2><p>There are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.</p><p>Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.</p><p>That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.</p><p>Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)</p><p>Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).</p><p>I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.</p><p>It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.</p><p>Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.</p><h2>A Wonderful Man and a Wonderful Business</h2><p>Last year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.</p><p>In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.</p><p>With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.</p><p>But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?</p><p>For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.</p><p>But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.</p><p>Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.</p><p>When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.</p><p>To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.</p><p>Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”</p><p>When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.</p><p>At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.</p><p>In all ways, Paul was a class act.</p><p>* * * * * * * * * * * *</p><p>Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.</p><p>Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.</p><p>In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.</p><p>Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.</p><p>The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.</p><p>On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.</p><p>Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.</p><p>The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.</p><h2>Thanks</h2><p>I taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.</p><p>Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.</p><p>Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.</p><p>Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”</p><p>Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.</p><p>Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.</p><p>I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction working</p><p>for you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.</p><p>Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.</p><p>To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.</p><p>Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.</p><p>Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”</p><h2>The Annual Meeting</h2><p>Clear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.</p><p>I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.</p><p>February 26, 2022</p><p>Warren E. Buffett Chairman of the Board</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125580913","content_text":"Warren Buffett released his annual letter to Berkshire Hathaway shareholders on Saturday. The 91-year-old investing legend has been publishing the letter for over six decades and it has become required reading for investors around the world.Warren Buffett said he now considers tech giant Apple as one of the four pillars driving Berkshire Hathaway, the conglomerate of mostly old-economy businesses he’s assembled over the last five decades.In his annual letter to shareholders released on Saturday, the 91-year-old investing legend listed Apple under the heading “Our Four Giants” and even called the company the second-most important after Berkshire’s cluster of insurers, thanks to its chief executive.“Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well,” the letter stated.Buffett made clear he is a fan of Cook’s stock repurchase strategy, and how it gives the conglomerate increased ownership of each dollar of the iPhone maker’s earnings without the investor having to lift a finger.“Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier,” Buffett said in the letter. “That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.”Berkshire began buying Apple stock in 2016 under the influence of Buffett’s investing deputies Todd Combs and Ted Weschler. By mid-2018, the conglomerate accumulated 5% ownership of the iPhone maker, a stake that cost $36 billion. Today, the Apple investment is now worth more than $160 billion, taking up 40% of Berkshire’s equity portfolio.“It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our ‘share’ of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud,” Buffett said.Berkshire is Apple’s largest shareholder, outside of index and exchange-traded fund providers.Buffett also credited his railroad business BNSF and energy segment BHE as two other giants of the conglomerate, which both registered record earnings in 2021.“BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire,” Buffett said. “BHE has become a utility powerhouse and a leading force in wind, solar and transmission throughout much of the United States.”Read the full letter here：To the Shareholders of Berkshire Hathaway Inc.:Charlie Munger, my long-time partner, and I have the job of managing a portion of your savings. We are honored by your trust.Our position carries with it the responsibility to report to you what we would like to know if we were the absentee owner and you were the manager. We enjoy communicating directly with you through this annual letter, and through the annual meeting as well.Our policy is to treat all shareholders equally. Therefore, we do not hold discussions with analysts nor large institutions. Whenever possible, also, we release important communications on Saturday mornings in order to maximize the time for shareholders and the media to absorb the news before markets open on Monday.A wealth of Berkshire facts and figures are set forth in the annual 10-K that the company regularly files with the S.E.C. and that we reproduce on pages K-1 – K-119. Some shareholders will find this detail engrossing; others will simply prefer to learn what Charlie and I believe is new or interesting at Berkshire.Alas, there was little action of that sort in 2021. We did, though, make reasonable progress in increasing the intrinsic value of your shares. That task has been my primary duty for 57 years. And it will continue to be.What You OwnBerkshire owns a wide variety of businesses, some in their entirety, some only in part. The second group largely consists of marketable common stocks of major American companies. Additionally, we own a few non-U.S. equities and participate in several joint ventures or other collaborative activities.Whatever our form of ownership, our goal is to have meaningful investments in businesses with both durable economic advantages and a first-class CEO. Please note particularly that we own stocks based upon our expectations about their long-term business performance and not because we view them as vehicles for timely market moves. That point is crucial: Charlie and I are not stock-pickers; we are business-pickers.I make many mistakes. Consequently, our extensive collection of businesses includes some enterprises that have truly extraordinary economics, many others that enjoy good economic characteristics, and a few that are marginal. One advantage of our common-stock segment is that – on occasion – it becomes easy to buy pieces of wonderful businesses at wonderful prices. That shooting-fish-in-a-barrel experience is very rare in negotiated transactions and never occurs en masse. It is also far easier to exit from a mistake when it has been made in the marketable arena.Surprise, SurpriseHere are a few items about your company that often surprise even seasoned investors:• Many people perceive Berkshire as a large and somewhat strange collection of financial assets. In truth, Berkshire owns and operates more U.S.-based “infrastructure” assets – classified on our balance sheet as property, plant and equipment – than are owned and operated by any other American corporation. That supremacy has never been our goal. It has, however, become a fact.At yearend, those domestic infrastructure assets were carried on Berkshire’s balance sheet at $158 billion. That number increased last year and will continue to increase. Berkshire always will be building.• Every year, your company makes substantial federal income tax payments. In 2021, for example, we paid$3.3 billion while the U.S. Treasury reported total corporate income-tax receipts of $402 billion. Additionally, Berkshire pays substantial state and foreign taxes. “I gave at the office” is an unassailable assertion when made by Berkshire shareholders.Berkshire’s history vividly illustrates the invisible and often unrecognized financial partnership between  government and American businesses. Our tale begins early in 1955, when Berkshire Fine Spinning and Hathaway Manufacturing agreed to merge their businesses. In their requests for shareholder approval, these venerable New England textile companies expressed high hopes for the combination.The Hathaway solicitation, for example, assured its shareholders that “The combination of the resources and managements will result in one of the strongest and most efficient organizations in the textile industry.” That upbeat view was endorsed by the company’s advisor, Lehman Brothers (yes, that Lehman Brothers).I’m sure it was a joyous day in both Fall River (Berkshire) and New Bedford (Hathaway) when the union was consummated. After the bands stopped playing and the bankers went home, however, the shareholders reaped a disaster.In the nine years following the merger, Berkshire’s owners watched the company’s net worth crater from$51.4 million to $22.1 million. In part, this decline was caused by stock repurchases, ill-advised dividends and plant shutdowns. But nine years of effort by many thousands of employees delivered an operating loss as well. Berkshire’s struggles were not unusual: The New England textile industry had silently entered an extended and non-reversible death march.During the nine post-merger years, the U.S. Treasury suffered as well from Berkshire’s troubles. All told, the company paid the government only $337,359 in income tax during that period – a pathetic $100 per day.Early in 1965, things changed. Berkshire installed new management that redeployed available cash and steered essentially all earnings into a variety of good businesses, most of which remained good through the years. Coupling reinvestment of earnings with the power of compounding worked its magic, and shareholders prospered.Berkshire’s owners, it should be noted, were not the only beneficiary of that course correction. Their “silent partner,” the U.S. Treasury, proceeded to collect many tens of billions of dollars from the company in income tax payments. Remember the $100 daily? Now, Berkshire pays roughly $9 million daily to the Treasury.In fairness to our governmental partner, our shareholders should acknowledge – indeed trumpet – the fact that Berkshire’s prosperity has been fostered mightily because the company has operated in America. Our country would have done splendidly in the years since 1965 without Berkshire. Absent our American home, however, Berkshire would never have come close to becoming what it is today. When you see the flag, say thanks.• From an $8.6 million purchase of National Indemnity in 1967, Berkshire has become the world leader in insurance “float” – money we hold and can invest but that does not belong to us. Including a relatively small sum derived from life insurance, Berkshire’s total float has grown from $19 million when we entered the insurance business to $147 billion.So far, this float has cost us less than nothing. Though we have experienced a number of years when insurance losses combined with operating expenses exceeded premiums, overall we have earned a modest 55-year profit from the underwriting activities that generated our float.Of equal importance, float is very sticky. Funds attributable to our insurance operations come and go daily, but their aggregate total is immune from precipitous decline. When it comes to investing float, we can therefore think long-term.If you are not already familiar with the concept of float, I refer you to a long explanation on page A-5. To my surprise, our float increased $9 billion last year, a buildup of value that is important to Berkshire owners though is not reflected in our GAAP (“generally-accepted accounting principles”) presentation of earnings and net worth.Much of our huge value creation in insurance is attributable to Berkshire’s good luck in my 1986 hiring of Ajit Jain. We first met on a Saturday morning, and I quickly asked Ajit what his insurance experience had been. He replied, “None.”I said, “Nobody’s perfect,” and hired him. That was my lucky day: Ajit actually was as perfect a choice as could have been made. Better yet, he continues to be – 35 years later.One final thought about insurance: I believe that it is likely – but far from assured – that Berkshire’s float can be maintained without our incurring a long-term underwriting loss. I am certain, however, that there will be some years when we experience such losses, perhaps involving very large sums.Berkshire is constructed to handle catastrophic events as no other insurer – and that priority will remain long after Charlie and I are gone.Our Four GiantsThrough Berkshire, our shareholders own many dozens of businesses. Some of these, in turn, have a collection of subsidiaries of their own. For example, Marmon has more than 100 individual business operations, ranging from the leasing of railroad cars to the manufacture of medical devices.• Nevertheless, operations of our “Big Four” companies account for a very large chunk of Berkshire’s value. Leading this list is our cluster of insurers. Berkshire effectively owns 100% of this group, whose massive float value we earlier described. The invested assets of these insurers are further enlarged by the extraordinary amount of capital we invest to back up their promises.The insurance business is made to order for Berkshire. The product will never be obsolete, and sales volume will generally increase along with both economic growth and inflation. Also, integrity and capital will forever be important. Our company can and will behave well.There are, of course, other insurers with excellent business models and prospects. Replication of Berkshire’s operation, however, would be almost impossible.• Apple – our runner-up Giant as measured by its yearend market value – is a different sort of holding. Here, our ownership is a mere 5.55%, up from 5.39% a year earlier. That increase sounds like small potatoes. But consider that each 0.1% of Apple’s 2021 earnings amounted to $100 million. We spent no Berkshire funds to gain our accretion. Apple’s repurchases did the job.It’s important to understand that only dividends from Apple are counted in the GAAP earnings Berkshire reports – and last year, Apple paid us $785 million of those. Yet our “share” of Apple’s earnings amounted to a staggering $5.6 billion. Much of what the company retained was used to repurchase Apple shares, an act we applaud. Tim Cook, Apple’s brilliant CEO, quite properly regards users of Apple products as his first love, but all of his other constituencies benefit from Tim’s managerial touch as well.• BNSF, our third Giant, continues to be the number one artery of American commerce, which makes it an indispensable asset for America as well as for Berkshire. If the many essential products BNSF carries were instead hauled by truck, America’s carbon emissions would soar.Your railroad had record earnings of $6 billion in 2021. Here, it should be noted, we are talking about the old-fashioned sort of earnings that we favor: a figure calculated after interest, taxes, depreciation, amortization and all forms of compensation. (Our definition suggests a warning: Deceptive “adjustments” to earnings – to use a polite description – have become both more frequent and more fanciful as stocks have risen. Speaking less politely, I would say that bull markets breed bloviated bull )BNSF trains traveled 143 million miles last year and carried 535 million tons of cargo. Both accomplishments far exceed those of any other American carrier. You can be proud of your railroad.• BHE, our final Giant, earned a record $4 billion in 2021. That’s up more than 30-fold from the $122 million earned in 2000, the year that Berkshire first purchased a BHE stake. Now, Berkshire owns 91.1% of the company.BHE’s record of societal accomplishment is as remarkable as its financial performance. The company had no wind or solar generation in 2000. It was then regarded simply as a relatively new and minor participant in the huge electric utility industry. Subsequently, under David Sokol’s and Greg Abel’s leadership, BHE has become a utility powerhouse (no groaning, please) and a leading force in wind, solar and transmission throughout much of the United States.Greg’s report on these accomplishments appears on pages A-3 and A-4. The profile you will find there is not in any way one of those currently-fashionable “green-washing” stories. BHE has been faithfully detailing its plans and performance in renewables and transmissions every year since 2007.To further review this information, visit BHE’s website at brkenergy.com. There, you will see that the company has long been making climate-conscious moves that soak up all of its earnings. More opportunities lie ahead. BHE has the management, the experience, the capital and the appetite for the huge power projects that our country needs.InvestmentsNow let’s talk about companies we don’t control, a list that again references Apple. Below we list our fifteen largest equity holdings, several of which are selections of Berkshire’s two long-time investment managers, Todd Combs and Ted Weschler. At yearend, this valued pair had total authority in respect to $34 billion of investments, many of which do not meet the threshold value we use in the table. Also, a significant portion of the dollars that Todd and Ted manage are lodged in various pension plans of Berkshire-owned businesses, with the assets of these plans not included in this table.* This is our actual purchase price and also our tax basis.** Held by BHE; consequently, Berkshire shareholders have only a 91.1% interest in this position.*** Includes a $10 billion investment in Occidental Petroleum, consisting of preferred stock and warrants to buy common stock, a combination now being valued at $10.7 billion.In addition to the footnoted Occidental holding and our various common-stock positions, Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the “equity” method, not market value, and carried at $13.1 billion) and 38.6% of Pilot Corp., a leader in travel centers that had revenues last year of $45 billion.Since we purchased our Pilot stake in 2017, this holding has warranted “equity” accounting treatment. Early in 2023, Berkshire will purchase an additional interest in Pilot that will raise our ownership to 80% and lead to our fully consolidating Pilot’s earnings, assets and liabilities in our financial statements.U.S. Treasury BillsBerkshire’s balance sheet includes $144 billion of cash and cash equivalents (excluding the holdings of BNSF and BHE). Of this sum, $120 billion is held in U.S. Treasury bills, all maturing in less than a year. That stake leaves Berkshire financing about 12 of 1% of the publicly-held national debt.Charlie and I have pledged that Berkshire (along with our subsidiaries other than BNSF and BHE) will always hold more than $30 billion of cash and equivalents. We want your company to be financially impregnable and never dependent on the kindness of strangers (or even that of friends). Both of us like to sleep soundly, and we want our creditors, insurance claimants and you to do so as well.But $144 billion?That imposing sum, I assure you, is not some deranged expression of patriotism. Nor have Charlie and I lost our overwhelming preference for business ownership. Indeed, I first manifested my enthusiasm for that 80 years ago, on March 11, 1942, when I purchased three shares of Cities Services preferred stock. Their cost was $114.75 and required all of my savings. (The Dow Jones Industrial Average that day closed at 99, a fact that should scream to you: Never bet against America.)After my initial plunge, I always kept at least 80% of my net worth in equities. My favored status throughout that period was 100% – and still is. Berkshire’s current 80%-or-so position in businesses is a consequence of my failure to find entire companies or small portions thereof (that is, marketable stocks) which meet our criteria for long- term holding.Charlie and I have endured similar cash-heavy positions from time to time in the past. These periods are never pleasant; they are also never permanent. And, fortunately, we have had a mildly attractive alternative during 2020 and 2021 for deploying capital. Read on.Share RepurchasesThere are three ways that we can increase the value of your investment. The first is always front and center in our minds: Increase the long-term earning power of Berkshire’s controlled businesses through internal growth or by making acquisitions. Today, internal opportunities deliver far better returns than acquisitions. The size of those opportunities, however, is small compared to Berkshire’s resources.Our second choice is to buy non-controlling part-interests in the many good or great businesses that are publicly traded. From time to time, such possibilities are both numerous and blatantly attractive. Today, though, we find little that excites us.That’s largely because of a truism: Long-term interest rates that are low push the prices of all productive investments upward, whether these are stocks, apartments, farms, oil wells, whatever. Other factors influence valuations as well, but interest rates will always be important.Our final path to value creation is to repurchase Berkshire shares. Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns. When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth. (Alongside the accretion of value to continuing shareholders, a couple of other parties gain: Repurchases are modestly beneficial to the seller of the repurchased shares and to society as well.)Periodically, as alternative paths become unattractive, repurchases make good sense for Berkshire’s owners. During the past two years, we therefore repurchased 9% of the shares that were outstanding at yearend 2019 for a total cost of $51.7 billion. That expenditure left our continuing shareholders owning about 10% more of all Berkshire businesses, whether these are wholly-owned (such as BNSF and GEICO) or partly-owned (such as Coca-Cola and Moody’s).I want to underscore that for Berkshire repurchases to make sense, our shares must offer appropriate value. We don’t want to overpay for the shares of other companies, and it would be value-destroying if we were to overpay when we are buying Berkshire. As of February 23, 2022, since yearend we repurchased additional shares at a cost of $1.2 billion. Our appetite remains large but will always remain price-dependent.It should be noted that Berkshire’s buyback opportunities are limited because of its high-class investor base. If our shares were heavily held by short-term speculators, both price volatility and transaction volumes would materially increase. That kind of reshaping would offer us far greater opportunities for creating value by making repurchases. Nevertheless, Charlie and I far prefer the owners we have, even though their admirable buy-and-keep attitudes limit the extent to which long-term shareholders can profit from opportunistic repurchases.Finally, one easily-overlooked value calculation specific to Berkshire: As we’ve discussed, insurance “float” of the right sort is of great value to us. As it happens, repurchases automatically increase the amount of “float” per share. That figure has increased during the past two years by 25% – going from $79,387 per “A” share to $99,497, a meaningful gain that, as noted, owes some thanks to repurchases.A Wonderful Man and a Wonderful BusinessLast year, Paul Andrews died. Paul was the founder and CEO of TTI, a Fort Worth-based subsidiary of Berkshire. Throughout his life – in both his business and his personal pursuits – Paul quietly displayed all the qualities that Charlie and I admire. His story should be told.In 1971, Paul was working as a purchasing agent for General Dynamics when the roof fell in. After losing a huge defense contract, the company fired thousands of employees, including Paul.With his first child due soon, Paul decided to bet on himself, using $500 of his savings to found Tex-Tronics (later renamed TTI). The company set itself up to distribute small electronic components, and first-year sales totaled $112,000. Today, TTI markets more than one million different items with annual volume of $7.7 billion.But back to 2006: Paul, at 63, then found himself happy with his family, his job, and his associates. But he had one nagging worry, heightened because he had recently witnessed a friend’s early death and the disastrous results that followed for that man’s family and business. What, Paul asked himself in 2006, would happen to the many people depending on him if he should unexpectedly die?For a year, Paul wrestled with his options. Sell to a competitor? From a strictly economic viewpoint, that course made the most sense. After all, competitors could envision lucrative “synergies” – savings that would be achieved as the acquiror slashed duplicated functions at TTI.But . . . Such a purchaser would most certainly also retain its CFO, its legal counsel, its HR unit. Their TTI counterparts would therefore be sent packing. And ugh! If a new distribution center were to be needed, the acquirer’s home city would certainly be favored over Fort Worth.Whatever the financial benefits, Paul quickly concluded that selling to a competitor was not for him. He next considered seeking a financial buyer, a species once labeled – aptly so – a leveraged buyout firm. Paul knew, however, that such a purchaser would be focused on an “exit strategy.” And who could know what that would be? Brooding over it all, Paul found himself having no interest in handing his 35-year-old creation over to a reseller.When Paul met me, he explained why he had eliminated these two alternatives as buyers. He then summed up his dilemma by saying – in far more tactful phrasing than this – “After a year of pondering the alternatives, I want to sell to Berkshire because you are the only guy left.” So, I made an offer and Paul said “Yes.” One meeting; one lunch; one deal.To say we both lived happily ever after is an understatement. When Berkshire purchased TTI, the company employed 2,387. Now the number is 8,043. A large percentage of that growth took place in Fort Worth and environs. Earnings have increased 673%.Annually, I would call Paul and tell him his salary should be substantially increased. Annually, he would tell me, “We can talk about that next year, Warren; I’m too busy now.”When Greg Abel and I attended Paul’s memorial service, we met children, grandchildren, long-time associates (including TTI’s first employee) and John Roach, the former CEO of a Fort Worth company Berkshire had purchased in 2000. John had steered his friend Paul to Omaha, instinctively knowing we would be a match.At the service, Greg and I heard about the multitudes of people and organizations that Paul had silently supported. The breadth of his generosity was extraordinary – geared always to improving the lives of others, particularly those in Fort Worth.In all ways, Paul was a class act.* * * * * * * * * * * *Good luck – occasionally extraordinary luck – has played its part at Berkshire. If Paul and I had not enjoyed a mutual friend – John Roach – TTI would not have found its home with us. But that ample serving of luck was only the beginning. TTI was soon to lead Berkshire to its most important acquisition.Every fall, Berkshire directors gather for a presentation by a few of our executives. We sometimes choose the site based upon the location of a recent acquisition, by that means allowing directors to meet the new subsidiary’s CEO and learn more about the acquiree’s activities.In the fall of 2009, we consequently selected Fort Worth so that we could visit TTI. At that time, BNSF, which also had Fort Worth as its hometown, was the third-largest holding among our marketable equities. Despite that large stake, I had never visited the railroad’s headquarters.Deb Bosanek, my assistant, scheduled our board’s opening dinner for October 22. Meanwhile, I arranged to arrive earlier that day to meet with Matt Rose, CEO of BNSF, whose accomplishments I had long admired. When I made the date, I had no idea that our get-together would coincide with BNSF’s third-quarter earnings report, which was released late on the 22nd.The market reacted badly to the railroad’s results. The Great Recession was in full force in the third quarter, and BNSF’s earnings reflected that slump. The economic outlook was also bleak, and Wall Street wasn’t feeling friendly to railroads – or much else.On the following day, I again got together with Matt and suggested that Berkshire would offer the railroad a better long-term home than it could expect as a public company. I also told him the maximum price that Berkshire would pay.Matt relayed the offer to his directors and advisors. Eleven busy days later, Berkshire and BNSF announced a firm deal. And here I’ll venture a rare prediction: BNSF will be a key asset for Berkshire and our country a century from now.The BNSF acquisition would never have happened if Paul Andrews hadn’t sized up Berkshire as the right home for TTI.ThanksI taught my first investing class 70 years ago. Since then, I have enjoyed working almost every year with students of all ages, finally “retiring” from that pursuit in 2018.Along the way, my toughest audience was my grandson’s fifth-grade class. The 11-year-olds were squirming in their seats and giving me blank stares until I mentioned Coca-Cola and its famous secret formula. Instantly, every hand went up, and I learned that “secrets” are catnip to kids.Teaching, like writing, has helped me develop and clarify my own thoughts. Charlie calls this phenomenon the orangutan effect: If you sit down with an orangutan and carefully explain to it one of your cherished ideas, you may leave behind a puzzled primate, but will yourself exit thinking more clearly.Talking to university students is far superior. I have urged that they seek employment in (1) the field and (2) with the kind of people they would select, if they had no need for money. Economic realities, I acknowledge, may interfere with that kind of search. Even so, I urge the students never to give up the quest, for when they find that sort of job, they will no longer be “working.”Charlie and I, ourselves, followed that liberating course after a few early stumbles. We both started as part- timers at my grandfather’s grocery store, Charlie in 1940 and I in 1942. We were each assigned boring tasks and paid little, definitely not what we had in mind. Charlie later took up law, and I tried selling securities. Job satisfaction continued to elude us.Finally, at Berkshire, we found what we love to do. With very few exceptions, we have now “worked” for many decades with people whom we like and trust. It’s a joy in life to join with managers such as Paul Andrews or the Berkshire families I told you about last year. In our home office, we employ decent and talented people – no jerks. Turnover averages, perhaps, one person per year.I would like, however, to emphasize a further item that turns our jobs into fun and satisfaction workingfor you. There is nothing more rewarding to Charlie and me than enjoying the trust of individual long-term shareholders who, for many decades, have joined us with the expectation that we would be a reliable custodian of their funds.Obviously, we can’t select our owners, as we could do if our form of operation were a partnership. Anyone can buy shares of Berkshire today with the intention of soon reselling them. For sure, we get a few of that type of shareholder, just as we get index funds that own huge amounts of Berkshire simply because they are required to do so.To a truly unusual degree, however, Berkshire has as owners a very large corps of individuals and families that have elected to join us with an intent approaching “til death do us part.” Often, they have trusted us with a large – some might say excessive – portion of their savings.Berkshire, these shareholders would sometimes acknowledge, might be far from the best selection they could have made. But they would add that Berkshire would rank high among those with which they would be most comfortable. And people who are comfortable with their investments will, on average, achieve better results than those who are motivated by ever-changing headlines, chatter and promises.Long-term individual owners are both the “partners” Charlie and I have always sought and the ones we constantly have in mind as we make decisions at Berkshire. To them we say, “It feels good to ‘work’ for you, and you have our thanks for your trust.”The Annual MeetingClear your calendar! Berkshire will have its annual gathering of capitalists in Omaha on Friday, April 29th through Sunday, May 1st. The details regarding the weekend are laid out on pages A-1 and A-2. Omaha eagerly awaits you, as do I.I will end this letter with a sales pitch. “Cousin” Jimmy Buffett has designed a pontoon “party” boat that is now being manufactured by Forest River, a Berkshire subsidiary. The boat will be introduced on April 29 at our Berkshire Bazaar of Bargains. And, for two days only, shareholders will be able to purchase Jimmy’s masterpiece at a 10% discount. Your bargain-hunting chairman will be buying a boat for his family’s use. Join me.February 26, 2022Warren E. Buffett Chairman of the Board","news_type":1,"symbols_score_info":{"BRK.B":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093741082,"gmtCreate":1643719989688,"gmtModify":1676533848075,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093741082","repostId":"1125948697","repostType":4,"repost":{"id":"1125948697","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643718316,"share":"https://ttm.financial/m/news/1125948697?lang=en_US&edition=fundamental","pubTime":"2022-02-01 20:25","market":"us","language":"en","title":"AMC offers Q4 guidance with revenue ahead of consensus but a wider-than-expected loss","url":"https://stock-news.laohu8.com/highlight/detail?id=1125948697","media":"Tiger Newspress","summary":"AMC Entertainment Inc.  offered guidance for the fourth quarter on Tuesday, with revenue ahead of co","content":"<html><head></head><body><p>AMC Entertainment Inc.  offered guidance for the fourth quarter on Tuesday, with revenue ahead of consensus but a net loss range that is wider than expected. </p><p>The company expects revenue of about $1.172 billion, up from 162.5 million in the year-earlier quarter. The FactSet consensus is for revenue of $1.093 billion. But the cinema-chain operator expects its net loss to range from $194.8 million to $114.8 million, compared with a loss of $946.1 million a year ago and a consensus of $119 million. </p><p>The loss includes non-cash impairment charges of $50 million to $125 million on long lived assets. Operating cash burn is expected to total about $216.5 million. The company ended the quarter and year with $1.8 billion in liquidity. Shares were up 1.7% premarket and have gained 20.8% in the last 12 months, while the S&amp;P 500 SPX, +1.89% has gained 19.7%.</p><p>AMC shares rose nearly 5% in premarket trading.<img src=\"https://static.tigerbbs.com/458ee218c7cff8ab6a453ee752720f14\" tg-width=\"720\" tg-height=\"614\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC offers Q4 guidance with revenue ahead of consensus but a wider-than-expected loss</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\">\nAMC offers Q4 guidance with revenue ahead of consensus but a wider-than-expected loss\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-01 20:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>AMC Entertainment Inc.  offered guidance for the fourth quarter on Tuesday, with revenue ahead of consensus but a net loss range that is wider than expected. </p><p>The company expects revenue of about $1.172 billion, up from 162.5 million in the year-earlier quarter. The FactSet consensus is for revenue of $1.093 billion. But the cinema-chain operator expects its net loss to range from $194.8 million to $114.8 million, compared with a loss of $946.1 million a year ago and a consensus of $119 million. </p><p>The loss includes non-cash impairment charges of $50 million to $125 million on long lived assets. Operating cash burn is expected to total about $216.5 million. The company ended the quarter and year with $1.8 billion in liquidity. Shares were up 1.7% premarket and have gained 20.8% in the last 12 months, while the S&amp;P 500 SPX, +1.89% has gained 19.7%.</p><p>AMC shares rose nearly 5% in premarket trading.<img src=\"https://static.tigerbbs.com/458ee218c7cff8ab6a453ee752720f14\" tg-width=\"720\" tg-height=\"614\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125948697","content_text":"AMC Entertainment Inc.  offered guidance for the fourth quarter on Tuesday, with revenue ahead of consensus but a net loss range that is wider than expected. The company expects revenue of about $1.172 billion, up from 162.5 million in the year-earlier quarter. The FactSet consensus is for revenue of $1.093 billion. But the cinema-chain operator expects its net loss to range from $194.8 million to $114.8 million, compared with a loss of $946.1 million a year ago and a consensus of $119 million. The loss includes non-cash impairment charges of $50 million to $125 million on long lived assets. Operating cash burn is expected to total about $216.5 million. The company ended the quarter and year with $1.8 billion in liquidity. Shares were up 1.7% premarket and have gained 20.8% in the last 12 months, while the S&P 500 SPX, +1.89% has gained 19.7%.AMC shares rose nearly 5% in premarket trading.","news_type":1,"symbols_score_info":{"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":1179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9078891865,"gmtCreate":1657669181857,"gmtModify":1676536041558,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9078891865","repostId":"1167819236","repostType":4,"repost":{"id":"1167819236","kind":"news","pubTimestamp":1657667207,"share":"https://ttm.financial/m/news/1167819236?lang=en_US&edition=fundamental","pubTime":"2022-07-13 07:06","market":"us","language":"en","title":"White House Expects \"Elevated\" but \"Out of Date\" Inflation Numbers for June","url":"https://stock-news.laohu8.com/highlight/detail?id=1167819236","media":"The Hill","summary":"The White House is bracing for “highly elevated” inflation numbers when the Labor Department on Wedn","content":"<html><head></head><body><p>The White House is bracing for “highly elevated” inflation numbers when the Labor Department on Wednesday releases its consumer price index, a key gauge of inflation for the month of June. But the administration argued the data will not reflect recent progress that has brought down down gas prices.</p><p>“We expect the headline number, which includes gas and food, to be highly elevated mainly because gas prices were so elevated in June,” White House press secretary Karine Jean-Pierre told reporters. “Gas and food prices continue to be heavily impacted by the war in Ukraine, and there are a few important points to keep in mind when we get this backwards-looking data.”</p><p>Jean-Pierre argued the numbers will already be “out of date” because gas prices have already come down and are expected to fall more in the coming days. Gas prices have fallen for 27 consecutive days, according to data from GasBuddy, which tracks fuel prices.</p><p>Jean-Pierre reiterated that fighting inflation is President Biden’s top economic priority.</p><p>The costs of food and energy in particular have been an issue for the American public, with record high prices over the last several months causing headaches among the general public. The price of gas topped $5 per gallon last month.</p><p>The White House has attributed rising costs to the Russian invasion of Ukraine and a resulting blockade of grain exports that have rattled food supply chains. Russia is also a major exporter of oil, increasing the global price of fuel.</p><p>Biden is slated to visit Saudi Arabia this week, and while officials have downplayed the significance of oil prices in that visit, the president may argue that nations in the Middle East should pump more oil to meet global demand.</p></body></html>","source":"lsy1657606627878","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>White House Expects \"Elevated\" but \"Out of Date\" Inflation Numbers for June</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\">\nWhite House Expects \"Elevated\" but \"Out of Date\" Inflation Numbers for June\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-13 07:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thehill.com/homenews/administration/3553803-white-house-expects-elevated-but-out-of-date-inflation-numbers-for-june/><strong>The Hill</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The White House is bracing for “highly elevated” inflation numbers when the Labor Department on Wednesday releases its consumer price index, a key gauge of inflation for the month of June. But the ...</p>\n\n<a href=\"https://thehill.com/homenews/administration/3553803-white-house-expects-elevated-but-out-of-date-inflation-numbers-for-june/\">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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://thehill.com/homenews/administration/3553803-white-house-expects-elevated-but-out-of-date-inflation-numbers-for-june/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167819236","content_text":"The White House is bracing for “highly elevated” inflation numbers when the Labor Department on Wednesday releases its consumer price index, a key gauge of inflation for the month of June. But the administration argued the data will not reflect recent progress that has brought down down gas prices.“We expect the headline number, which includes gas and food, to be highly elevated mainly because gas prices were so elevated in June,” White House press secretary Karine Jean-Pierre told reporters. “Gas and food prices continue to be heavily impacted by the war in Ukraine, and there are a few important points to keep in mind when we get this backwards-looking data.”Jean-Pierre argued the numbers will already be “out of date” because gas prices have already come down and are expected to fall more in the coming days. Gas prices have fallen for 27 consecutive days, according to data from GasBuddy, which tracks fuel prices.Jean-Pierre reiterated that fighting inflation is President Biden’s top economic priority.The costs of food and energy in particular have been an issue for the American public, with record high prices over the last several months causing headaches among the general public. The price of gas topped $5 per gallon last month.The White House has attributed rising costs to the Russian invasion of Ukraine and a resulting blockade of grain exports that have rattled food supply chains. Russia is also a major exporter of oil, increasing the global price of fuel.Biden is slated to visit Saudi Arabia this week, and while officials have downplayed the significance of oil prices in that visit, the president may argue that nations in the Middle East should pump more oil to meet global demand.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9089069585,"gmtCreate":1649933415886,"gmtModify":1676534610005,"author":{"id":"3580638423049923","authorId":"3580638423049923","name":"SanWan","avatar":"https://static.tigerbbs.com/e354fc601162d858faf839487934b163","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580638423049923","authorIdStr":"3580638423049923"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9089069585","repostId":"1136258892","repostType":4,"isVote":1,"tweetType":1,"viewCount":764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}