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Vicholes

Vicholes

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2022-12-16

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2023-01-04

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2023-01-05

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US STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus

2022-12-07

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NIO And BYD Are Converging

2022-11-08

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2022-12-19

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2022-12-01

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2022-11-07

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CPI; U.S. Midterm Elections; NIO, Palantir, Disney, AMC Earnings: What to Know This Week

2022-10-26

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3 Supercharged Growth Stocks With 257% to 379% Upside, According to Wall Street

2022-09-24

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Why I'm Not Worried About the Stock Market

2022-05-20

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2022-05-20

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2022-04-02

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Is BB Stock a Buy After Earnings? 3 Analysts Weigh In on Blackberry Prices

2022-12-30

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US STOCKS-Wall St Ends Firmer, Growth Stocks Lead in Thin Trading

2022-12-11

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2022-11-27

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Here's Why We Think SPY And QQQ Risks Are Skewed To The Downside

2022-11-10

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SPY: When This Bear Is Over, Which ETF Should I Invest In (Technical Analysis)?

2023-01-06

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Caterpillar (CAT), known as the canary in the boom, beat second-quarter earnings expectations and its shares closed up nearly 9 percent, their biggest one-day gain since March 2020.Pfizer's earnings sent health care stocks lower. Uber plunged 5.68 percent, Uber's operating profit finally turned positive, but its third-quarter guidance missed analysts' expectations, and Norwegian Cruise Line also gave a poor outlook, dragging down cruise stocks.On the data front, U.S. JOLTs job openings fell more than expected to about 9.58 million in June from 9.61 million in May, and the labor market appears to be slowing, which is likely to be welcomed by the Fed and reinforce expectations that interest rate hikes are unlik","listText":"The Dow hit 35,679.13 on Tuesday, its highest intraday level since February 2022. Caterpillar (CAT), known as the canary in the boom, beat second-quarter earnings expectations and its shares closed up nearly 9 percent, their biggest one-day gain since March 2020.Pfizer's earnings sent health care stocks lower. Uber plunged 5.68 percent, Uber's operating profit finally turned positive, but its third-quarter guidance missed analysts' expectations, and Norwegian Cruise Line also gave a poor outlook, dragging down cruise stocks.On the data front, U.S. JOLTs job openings fell more than expected to about 9.58 million in June from 9.61 million in May, and the labor market appears to be slowing, which is likely to be welcomed by the Fed and reinforce expectations that interest rate hikes are unlik","text":"The Dow hit 35,679.13 on Tuesday, its highest intraday level since February 2022. Caterpillar (CAT), known as the canary in the boom, beat second-quarter earnings expectations and its shares closed up nearly 9 percent, their biggest one-day gain since March 2020.Pfizer's earnings sent health care stocks lower. Uber plunged 5.68 percent, Uber's operating profit finally turned positive, but its third-quarter guidance missed analysts' expectations, and Norwegian Cruise Line also gave a poor outlook, dragging down cruise stocks.On the data front, U.S. JOLTs job openings fell more than expected to about 9.58 million in June from 9.61 million in May, and the labor market appears to be slowing, which is likely to be welcomed by the Fed and reinforce expectations that interest rate hikes are unlik","images":[{"img":"https://static.tigerbbs.com/e75aeecdb4c69c789475721fe4dac937","width":"2306","height":"1304"},{"img":"https://static.tigerbbs.com/331e9ae2cdf4c6d19332d1aff148976d","width":"2326","height":"1246"},{"img":"https://static.tigerbbs.com/169270472dfe376fde66f7571d2764b9","width":"2322","height":"1288"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/204710854598888","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":7,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1005,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":205192622743576,"gmtCreate":1691105371221,"gmtModify":1691105375725,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/205192622743576","repostId":"204720492298472","repostType":1,"repost":{"id":204720492298472,"gmtCreate":1690985724958,"gmtModify":1690985737553,"author":{"id":"3527667620927015","authorId":"3527667620927015","name":"Tiger_Earnings","avatar":"https://static.tigerbbs.com/1849fb1fb43d93db3974fd09c5f65ff1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667620927015","authorIdStr":"3527667620927015"},"themes":[],"title":"Top Movers | NCLH, PINS Missed High Expectations; AXTA Earnings Fell Short","htmlText":"1. <a href=\"https://ttm.financial/S/NCLH\">$Norwegian Cruise Line(NCLH)$</a> -12.05%: EPS and revenue beats but outlook fell short&nbsp;Norwegian Cruise Line Holdings Ltd. was the second-worst&nbsp;performing stock of the S&amp;P 500 Index after the company issued guidance for the third quarter that missed Wall Street's expectations.Adjusted earnings per share for the third quarter are now expected to be&nbsp;approximately 70 cents per share, Norwegian said in a press release. Analyst had&nbsp;expected 79 cents per share.EPS Outlook: 70 cents&nbsp;vs. 79 centsAdjusted EPS:&nbsp;30&nbsp;cents&nbsp;vs.26&nbsp;centsRevenue:&nbsp;$2.21 bln vs.&nbsp;$2.16 blnIn comparison, <a href=\"https://ttm.financial/S/CCL\">$Carnival(CCL)$</a> and <a href=\"https://ttm.financial/S/RCL\">$Royal Caribbean Cruises</a>","listText":"1. <a href=\"https://ttm.financial/S/NCLH\">$Norwegian Cruise Line(NCLH)$</a> -12.05%: EPS and revenue beats but outlook fell short&nbsp;Norwegian Cruise Line Holdings Ltd. was the second-worst&nbsp;performing stock of the S&amp;P 500 Index after the company issued guidance for the third quarter that missed Wall Street's expectations.Adjusted earnings per share for the third quarter are now expected to be&nbsp;approximately 70 cents per share, Norwegian said in a press release. Analyst had&nbsp;expected 79 cents per share.EPS Outlook: 70 cents&nbsp;vs. 79 centsAdjusted EPS:&nbsp;30&nbsp;cents&nbsp;vs.26&nbsp;centsRevenue:&nbsp;$2.21 bln vs.&nbsp;$2.16 blnIn comparison, <a href=\"https://ttm.financial/S/CCL\">$Carnival(CCL)$</a> and <a href=\"https://ttm.financial/S/RCL\">$Royal Caribbean Cruises</a>","text":"1. $Norwegian Cruise Line(NCLH)$ -12.05%: EPS and revenue beats but outlook fell short Norwegian Cruise Line Holdings Ltd. was the second-worst performing stock of the S&P 500 Index after the company issued guidance for the third quarter that missed Wall Street's expectations.Adjusted earnings per share for the third quarter are now expected to be approximately 70 cents per share, Norwegian said in a press release. Analyst had expected 79 cents per share.EPS Outlook: 70 cents vs. 79 centsAdjusted EPS: 30 cents vs.26 centsRevenue: $2.21 bln vs. $2.16 blnIn comparison, $Carnival(CCL)$ and $Royal Caribbean Cruises","images":[{"img":"https://community-static.tradeup.com/news/87306e4875033ac3b92212eefac5169a","width":"494","height":"470"},{"img":"https://community-static.tradeup.com/news/f6e06c782d0b05997d59a40313610eca","width":"560","height":"240"},{"img":"https://community-static.tradeup.com/news/b85b5f67296ae606dd2b9fe2e523cd57","width":"560","height":"240"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/204720492298472","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949766644,"gmtCreate":1678896462988,"gmtModify":1678896466740,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]","listText":"[Happy]","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949766644","repostId":"9949769531","repostType":1,"repost":{"id":9949769531,"gmtCreate":1678895598023,"gmtModify":1678895602033,"author":{"id":"9000000000000376","authorId":"9000000000000376","name":"winzy","avatar":"https://static.tigerbbs.com/087c45f3787ce99e28dae4243c20a901","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"9000000000000376","authorIdStr":"9000000000000376"},"themes":[],"title":"SVB Financial Group(SIVB)","htmlText":"<a href=\"https://ttm.financial/S/SIVB\">$SVB Financial Group(SIVB)$</a> \"Companies sometimes declare bankruptcy with little warning. Other times, there is a slow fade to the end. A short seller who didn't buy back the stock before trading stopped may have to wait until the company is liquidated to take a profit.However, the short seller owes nothing. That is the best possible scenario for a short seller. Eventually, the broker will declare a total loss on the loaned stock. At that point, the broker cancels the short seller's debt and returns all collateral.\"","listText":"<a href=\"https://ttm.financial/S/SIVB\">$SVB Financial Group(SIVB)$</a> \"Companies sometimes declare bankruptcy with little warning. Other times, there is a slow fade to the end. A short seller who didn't buy back the stock before trading stopped may have to wait until the company is liquidated to take a profit.However, the short seller owes nothing. That is the best possible scenario for a short seller. Eventually, the broker will declare a total loss on the loaned stock. At that point, the broker cancels the short seller's debt and returns all collateral.\"","text":"$SVB Financial Group(SIVB)$ \"Companies sometimes declare bankruptcy with little warning. Other times, there is a slow fade to the end. A short seller who didn't buy back the stock before trading stopped may have to wait until the company is liquidated to take a profit.However, the short seller owes nothing. That is the best possible scenario for a short seller. Eventually, the broker will declare a total loss on the loaned stock. At that point, the broker cancels the short seller's debt and returns all collateral.\"","images":[],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949769531","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":925,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940274965,"gmtCreate":1677989123757,"gmtModify":1677989126437,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]","listText":"[Happy]","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940274965","repostId":"9940276168","repostType":1,"repost":{"id":9940276168,"gmtCreate":1677986335254,"gmtModify":1677987840090,"author":{"id":"10000000000010765","authorId":"10000000000010765","name":"Boon Tee","avatar":"https://community-static.tradeup.com/news/8a8df0dae417a71fa82ed86b5b5d4445","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"10000000000010765","authorIdStr":"10000000000010765"},"themes":[],"htmlText":"\n \n \n  Tesla Investor Day (with Kelvin Lew)\n \n","listText":"Tesla Investor Day (with Kelvin Lew)","text":"Tesla Investor Day (with Kelvin Lew)","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940276168","isVote":1,"tweetType":2,"object":{"id":"3f894c4b8fab49b0a6d485a0096d5e76","tweetId":"9940276168","title":"Tesla Investor Day (with Kelvin Lew)","videoUrl":"http://v.tigerbbs.com/1677986326085482d47592277a5a480a281bbb0a44c8c.mp4","poster":"https://static.tigerbbs.com/311c7f423b8bf6730210840a3e6f2f2f","shareLink":"http://v.tigerbbs.com/1677986326085482d47592277a5a480a281bbb0a44c8c.mp4"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959656636,"gmtCreate":1672977335226,"gmtModify":1676538765649,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959656636","repostId":"1128856051","repostType":4,"isVote":1,"tweetType":1,"viewCount":1283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959997753,"gmtCreate":1672876414972,"gmtModify":1676538751254,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959997753","repostId":"2301405863","repostType":4,"isVote":1,"tweetType":1,"viewCount":1058,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950584375,"gmtCreate":1672790559598,"gmtModify":1676538736998,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9950584375","repostId":"1157476445","repostType":4,"repost":{"id":"1157476445","kind":"news","pubTimestamp":1672803708,"share":"https://ttm.financial/m/news/1157476445?lang=&edition=fundamental","pubTime":"2023-01-04 11:41","market":"us","language":"en","title":"Bets on Stock Rally Explode After an Odd Year in Options Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1157476445","media":"Bloomberg","summary":"Market pricing in 1-in-5 odds for 23% S&P 500 Gain in 2023Susquehanna advises clients to sell calls ","content":"<html><head></head><body><ul><li>Market pricing in 1-in-5 odds for 23% S&amp;P 500 Gain in 2023</li><li>Susquehanna advises clients to sell calls and fund put hedging</li></ul><p>Hedging against the unknown is the name of the game in the options market. One risk that traders are increasingly attuned to in equities is the chance they will rally in 2023.</p><p>Wall Street strategists doubt it and investors are positioned against it, but certain pricing trends in derivatives show fewer traders are ruling it out after last year’s nearly 20% plunge in the S&amp;P 500. The bets are far from the consensus — right now they’re pricing in a 1-in-5 chance the S&amp;P 500 essentially reverses the decline in 2023, according to an analysis of implied volatility by Susquehanna International Group. But that’s a lot better odds than were being placed this time last year, when they stood at 1-in-20 for such an advance.</p><p>Contributing to demand for bullish calls is the unusual success traders had with them last year, as swift bear-market rallies paid off for investors who almost universally cut equity exposure to the bone. That positioning minimized the need for downside protection leading to an unusual situation where buying puts failed to deliver big gains even as the S&amp;P 500 sold off. To wit, the Cboe S&amp;P 500 Risk Reversal Index (RXM) tracking a strategy of selling puts to buy a call was up 1.5% last year, while the Cboe S&amp;P 500 5% Put Protection Index (PPUT), which follows a strategy that holds a long position on the equity gauge while buying puts as a hedge, lost 20%.</p><p>The diverging performance reflected a brutal market where investors were even willing to pay up for bullish options, causing a rise in the relative costs of calls versus puts, a relationship known as skew.</p><p>One way to understand skew, according to RBC Capital Markets’ strategist Amy Wu Silverman, is to think of it as “a representation of tail, the ‘thing’ we are most worried about,” she wrote in a note to clients on the weekend. “The ‘thing’ we are most worried about isn’t a down-crash but an up-crash.” That has kept call prices elevated versus puts, and might be why it stays that way “for a long, long time,” she said.</p><p><img src=\"https://static.tigerbbs.com/7a39b5cb2a39aec5c2db3a9def2d8f92\" tg-width=\"620\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/>So with stocks limping into 2023 and the Federal Reserve clear in its intention to keep rates elevated until inflation is well on the path lower, investors anticipating market turmoil are again paying up for options that capture upside if a rally breaks out, the analysis by Susquehanna showed.</p><p>The S&amp;P 500 fell 0.4% to 3,824 on Tuesday. As of Friday traders were assigning a 26% probability that the index would drop below 3,500. The odds climbed to almost 1-in-2 for a rise of almost 10% to above 4,200. For the S&amp;P 500 to go back to or above its all-time high of 4,800, the odds were 14%.</p><p>The pivot toward bullish options means investors can take advantage of the rich pricing, selling calls to fund protective puts, according to Christopher Jacobson, a strategist at Susquehanna.</p><p>“While the current option implied likelihoods of various moves lower over the course of the year are pretty similar to how the same percentage moves looked at this time last year, the upside of the distribution is notably different now versus then,” he wrote in a note Tuesday. “While this may not necessarily be that surprising given last year’s declines, it has meaningful implications for option pricing/implied outcomes.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bets on Stock Rally Explode After an Odd Year in Options Trading</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\">\nBets on Stock Rally Explode After an Odd Year in Options Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-04 11:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-01-03/bets-on-stock-rally-explode-after-an-odd-year-in-options-trading?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market pricing in 1-in-5 odds for 23% S&P 500 Gain in 2023Susquehanna advises clients to sell calls and fund put hedgingHedging against the unknown is the name of the game in the options market. One ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-01-03/bets-on-stock-rally-explode-after-an-odd-year-in-options-trading?srnd=markets-vp\">Web 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","QQQ":"纳指100ETF"},"source_url":"https://www.bloomberg.com/news/articles/2023-01-03/bets-on-stock-rally-explode-after-an-odd-year-in-options-trading?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157476445","content_text":"Market pricing in 1-in-5 odds for 23% S&P 500 Gain in 2023Susquehanna advises clients to sell calls and fund put hedgingHedging against the unknown is the name of the game in the options market. One risk that traders are increasingly attuned to in equities is the chance they will rally in 2023.Wall Street strategists doubt it and investors are positioned against it, but certain pricing trends in derivatives show fewer traders are ruling it out after last year’s nearly 20% plunge in the S&P 500. The bets are far from the consensus — right now they’re pricing in a 1-in-5 chance the S&P 500 essentially reverses the decline in 2023, according to an analysis of implied volatility by Susquehanna International Group. But that’s a lot better odds than were being placed this time last year, when they stood at 1-in-20 for such an advance.Contributing to demand for bullish calls is the unusual success traders had with them last year, as swift bear-market rallies paid off for investors who almost universally cut equity exposure to the bone. That positioning minimized the need for downside protection leading to an unusual situation where buying puts failed to deliver big gains even as the S&P 500 sold off. To wit, the Cboe S&P 500 Risk Reversal Index (RXM) tracking a strategy of selling puts to buy a call was up 1.5% last year, while the Cboe S&P 500 5% Put Protection Index (PPUT), which follows a strategy that holds a long position on the equity gauge while buying puts as a hedge, lost 20%.The diverging performance reflected a brutal market where investors were even willing to pay up for bullish options, causing a rise in the relative costs of calls versus puts, a relationship known as skew.One way to understand skew, according to RBC Capital Markets’ strategist Amy Wu Silverman, is to think of it as “a representation of tail, the ‘thing’ we are most worried about,” she wrote in a note to clients on the weekend. “The ‘thing’ we are most worried about isn’t a down-crash but an up-crash.” That has kept call prices elevated versus puts, and might be why it stays that way “for a long, long time,” she said.So with stocks limping into 2023 and the Federal Reserve clear in its intention to keep rates elevated until inflation is well on the path lower, investors anticipating market turmoil are again paying up for options that capture upside if a rally breaks out, the analysis by Susquehanna showed.The S&P 500 fell 0.4% to 3,824 on Tuesday. As of Friday traders were assigning a 26% probability that the index would drop below 3,500. The odds climbed to almost 1-in-2 for a rise of almost 10% to above 4,200. For the S&P 500 to go back to or above its all-time high of 4,800, the odds were 14%.The pivot toward bullish options means investors can take advantage of the rich pricing, selling calls to fund protective puts, according to Christopher Jacobson, a strategist at Susquehanna.“While the current option implied likelihoods of various moves lower over the course of the year are pretty similar to how the same percentage moves looked at this time last year, the upside of the distribution is notably different now versus then,” he wrote in a note Tuesday. “While this may not necessarily be that surprising given last year’s declines, it has meaningful implications for option pricing/implied outcomes.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":1136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927408581,"gmtCreate":1672547432843,"gmtModify":1676538703971,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927408581","repostId":"1104497166","repostType":4,"repost":{"id":"1104497166","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":1672539183,"share":"https://ttm.financial/m/news/1104497166?lang=&edition=fundamental","pubTime":"2023-01-01 10:13","market":"us","language":"en","title":"Li Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record","url":"https://stock-news.laohu8.com/highlight/detail?id=1104497166","media":"Tiger Newspress","summary":"Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving anoth","content":"<html><head></head><body><p>Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.</p><p>“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.</p><p>As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.</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>Li Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record</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\">\nLi Auto Delivered 21,233 Vehicles in December 2022, Achieving Another Monthly Delivery Record\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\">2023-01-01 10:13</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.</p><p>“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.</p><p>As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1104497166","content_text":"Li Auto today announced that the Company delivered 21,233 vehicles in December 2022, achieving another monthly delivery record and representing an increase of 50.7% year over year. This brought the Company’s fourth quarter deliveries to 46,319, up 31.5% year over year. Total deliveries in 2022 increased by 47.2% year over year to 133,246. The cumulative deliveries of Li Auto vehicles reached 257,334 as of the end of December.“We set another monthly record in December with 21,233 deliveries and became the fastest emerging new energy automaker in China to surpass the 20,000 monthly delivery mark. With December deliveries for Li L9 and Li L8 both exceeding 10,000, the two models have solidified our market position in the RMB300,000 to RMB500,000 price segment. We would like to extend our heartfelt gratitude to all our users’ families for their trust and support. In 2023, we will continue to bring our users safer, more convenient, and more refined products and services. We look forward to growing with more families in the new year, creating a mobile home and creating happiness,” commented Yanan Shen, co-founder of Li Auto.As of December 31, 2022, the Company had 288 retail stores in 121 cities, as well as 318 servicing centers and Li Auto-authorized body and paint shops operating in 223 cities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927171138,"gmtCreate":1672438122724,"gmtModify":1676538690730,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927171138","repostId":"2295901774","repostType":4,"repost":{"id":"2295901774","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1672413952,"share":"https://ttm.financial/m/news/2295901774?lang=&edition=fundamental","pubTime":"2022-12-30 23:25","market":"us","language":"en","title":"These 20 Stocks Were the Biggest Winners of 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2295901774","media":"Dow Jones","summary":"Despite a bear market and the worst year since 2008 for stock indexes, many stocks in the S&P 500 sh","content":"<html><head></head><body><p>Despite a bear market and the worst year since 2008 for stock indexes, many stocks in the S&amp;P 500 showed double-digit gains, and one more than doubled</p><p>Even during a year in which the S&amp;P 500 index has declined 19%, with 70% of its stocks in the red, there are plenty of winners.</p><p>Before showing you the list of the best performers in the benchmark index, let’s look at a preview: Here’s how the 11 sectors of the S&amp;P 500          SPX        have performed this year through the close on Dec. 29:</p><img src=\"https://static.tigerbbs.com/6850ca9e8f7e45e689b885de2c2a615c\" tg-width=\"881\" tg-height=\"548\" width=\"100%\" height=\"auto\"/><p>Maybe you aren’t surprised to see that the energy sector is the only one that  has increased this year. But it might surprise you to see that despite the sector’s weighted price increase of nearly 58%, its forward price-to-earnings ratio has declined and remains very low relative to all other sectors.</p><p>It might also surprise you that West Texas Intermediate crude oil CL has given up most of its gains from earlier this year:</p><table><tbody><tr></tr></tbody></table><p><img src=\"https://static.tigerbbs.com/f4cc1e0631f302c79c9f2ed1a92a7d74\" tg-width=\"700\" tg-height=\"603\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The reason investors have remained confident in energy stocks is that oil producers have remained cautious when it comes to capital spending. They don’t want to increase supply enough to cause prices to crash, as they did in the run-up to the summer of 2014, after which prices fell steadily through early 2016, causing bankruptcies and consolidation in the industry.</p><p>Now the oil companies are focusing on maintaining supply, raising dividends and buying back shares, as Occidental Petroleum Corp.’s          OXY        chief executive explained in a recent interview with Matt Peterson. Click here for more about Occidental and the long-term supply/demand outlook for oil.</p><h3>Best-performing S&amp;P 500 stocks of 2022</h3><p>Here are the 20 stocks in the benchmark index that have risen the most during 2022 through the close on Dec. 29, excluding dividends. Proving that there are always exceptions, not all of them are in the energy sector.</p><p><img src=\"https://static.tigerbbs.com/654a1c62fb01a75c04884101adf313bd\" tg-width=\"593\" tg-height=\"596\" 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>These 20 Stocks Were the Biggest Winners of 2022</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\">\nThese 20 Stocks Were the Biggest Winners of 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-12-30 23:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Despite a bear market and the worst year since 2008 for stock indexes, many stocks in the S&amp;P 500 showed double-digit gains, and one more than doubled</p><p>Even during a year in which the S&amp;P 500 index has declined 19%, with 70% of its stocks in the red, there are plenty of winners.</p><p>Before showing you the list of the best performers in the benchmark index, let’s look at a preview: Here’s how the 11 sectors of the S&amp;P 500          SPX        have performed this year through the close on Dec. 29:</p><img src=\"https://static.tigerbbs.com/6850ca9e8f7e45e689b885de2c2a615c\" tg-width=\"881\" tg-height=\"548\" width=\"100%\" height=\"auto\"/><p>Maybe you aren’t surprised to see that the energy sector is the only one that  has increased this year. But it might surprise you to see that despite the sector’s weighted price increase of nearly 58%, its forward price-to-earnings ratio has declined and remains very low relative to all other sectors.</p><p>It might also surprise you that West Texas Intermediate crude oil CL has given up most of its gains from earlier this year:</p><table><tbody><tr></tr></tbody></table><p><img src=\"https://static.tigerbbs.com/f4cc1e0631f302c79c9f2ed1a92a7d74\" tg-width=\"700\" tg-height=\"603\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>The reason investors have remained confident in energy stocks is that oil producers have remained cautious when it comes to capital spending. They don’t want to increase supply enough to cause prices to crash, as they did in the run-up to the summer of 2014, after which prices fell steadily through early 2016, causing bankruptcies and consolidation in the industry.</p><p>Now the oil companies are focusing on maintaining supply, raising dividends and buying back shares, as Occidental Petroleum Corp.’s          OXY        chief executive explained in a recent interview with Matt Peterson. Click here for more about Occidental and the long-term supply/demand outlook for oil.</p><h3>Best-performing S&amp;P 500 stocks of 2022</h3><p>Here are the 20 stocks in the benchmark index that have risen the most during 2022 through the close on Dec. 29, excluding dividends. Proving that there are always exceptions, not all of them are in the energy sector.</p><p><img src=\"https://static.tigerbbs.com/654a1c62fb01a75c04884101adf313bd\" tg-width=\"593\" tg-height=\"596\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SLB":"斯伦贝谢","OXY":"西方石油","XOM":"埃克森美孚","MPC":"马拉松原油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2295901774","content_text":"Despite a bear market and the worst year since 2008 for stock indexes, many stocks in the S&P 500 showed double-digit gains, and one more than doubledEven during a year in which the S&P 500 index has declined 19%, with 70% of its stocks in the red, there are plenty of winners.Before showing you the list of the best performers in the benchmark index, let’s look at a preview: Here’s how the 11 sectors of the S&P 500          SPX        have performed this year through the close on Dec. 29:Maybe you aren’t surprised to see that the energy sector is the only one that  has increased this year. But it might surprise you to see that despite the sector’s weighted price increase of nearly 58%, its forward price-to-earnings ratio has declined and remains very low relative to all other sectors.It might also surprise you that West Texas Intermediate crude oil CL has given up most of its gains from earlier this year:The reason investors have remained confident in energy stocks is that oil producers have remained cautious when it comes to capital spending. They don’t want to increase supply enough to cause prices to crash, as they did in the run-up to the summer of 2014, after which prices fell steadily through early 2016, causing bankruptcies and consolidation in the industry.Now the oil companies are focusing on maintaining supply, raising dividends and buying back shares, as Occidental Petroleum Corp.’s          OXY        chief executive explained in a recent interview with Matt Peterson. Click here for more about Occidental and the long-term supply/demand outlook for oil.Best-performing S&P 500 stocks of 2022Here are the 20 stocks in the benchmark index that have risen the most during 2022 through the close on Dec. 29, excluding dividends. Proving that there are always exceptions, not all of them are in the energy sector.","news_type":1},"isVote":1,"tweetType":1,"viewCount":832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927024602,"gmtCreate":1672359029106,"gmtModify":1676538677721,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927024602","repostId":"2295194661","repostType":4,"repost":{"id":"2295194661","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":1672355473,"share":"https://ttm.financial/m/news/2295194661?lang=&edition=fundamental","pubTime":"2022-12-30 07:11","market":"us","language":"en","title":"US STOCKS-Wall St Ends Firmer, Growth Stocks Lead in Thin Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2295194661","media":"Reuters","summary":"U.S. weekly jobless claims show modest riseTesla extends gains after Musk's commentIndexes up: Dow 1","content":"<html><head></head><body><ul><li>U.S. weekly jobless claims show modest rise</li><li>Tesla extends gains after Musk&#39;s comment</li><li>Indexes up: Dow 1.05%, S&amp;P 500 1.75%, Nasdaq 2.59%</li></ul><p><img src=\"https://static.tigerbbs.com/459a65bcaf7f2c7137959a9afd944372\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 29 (Reuters) - Wall Street&#39;s main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve&#39;s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.</p><p>All 11 S&amp;P 500 sector indexes rose, with communication service    and technology    as the biggest winner with gains of nearly 3%.</p><p>&#34;It&#39;s just relief,&#34; said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. &#34;Selling pressure has been overwhelming the market recently and we could be having a break. That allowed room for stocks to move, and with lower volume (that) can materialize into a pretty good day.&#34;</p><p>Apple Inc , Alphabet Inc , Microsoft Corp and Amazon.com Inc, whose shares have been battered in the past few sessions, each gained more than 2.5%.</p><p>The U.S. Labor Department reported an increase in the number of Americans filing new claims for unemployment benefits last week. But the data indicates a tight U.S. job market even as the Fed works to cool demand for labor in its bid to lower inflation.</p><p>The yield on 10-year Treasury notes    fell 2.2 basis points to 3.864% on the news.</p><p>The Fed&#39;s aggressive interest rate hikes have hammered equities this year, with the benchmark S&amp;P 500    shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%.</p><p>The technology, consumer discretionary and communication services sectors - which house several rate-sensitive high growth shares - are down between 29% and 40% this year, making them the worst performers among S&amp;P 500 sector indexes.</p><p>Energy shares have bucked the trend with stellar annual gains of 57%.</p><p>Wall Street&#39;s main indexes dropped more than 1% on Wednesday, with the Nasdaq Composite Index    hitting a 2022 closing low as rising COVID cases in China and geopolitical tensions added to fears of a likely recession in 2023.</p><p>However, investor preference for high-dividend yielding stocks with steady earnings has limited losses in the Dow Jones Industrial Average   , which is down just 8.5% for the year.</p><p>The Dow rose 345.09 points, or 1.05%, to 33,220.8; the S&amp;P 500 gained 66.06 points, or 1.75%, at 3,849.28; and the Nasdaq Composite added 264.80 points, or 2.59%, at 10,478.09.</p><p>Tesla Inc    shares rose after Chief Executive Elon Musk told staff they should not be &#34;bothered by stock market craziness.&#34;</p><p>For 2022, Tesla&#39;s 66% slump and Amazon.com&#39;s 50% drop played a big part in the S&amp;P 500 consumer discretionary sector&#39;s 38% loss. Some $1.6 trillion worth of shareholder value evaporated after investors abandoned high-growth stocks with pricey earnings multiples.</p><p>Volume on U.S. exchanges was 8.78 billion shares, compared with the 10.95 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered decliners on the NYSE by a 4.80-to-1 ratio; on Nasdaq, a 4.30-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and no new lows; the Nasdaq Composite recorded 75 new highs and 160 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 St Ends Firmer, Growth Stocks Lead in Thin Trading</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 St Ends Firmer, Growth Stocks Lead in Thin Trading\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\">2022-12-30 07:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>U.S. weekly jobless claims show modest rise</li><li>Tesla extends gains after Musk&#39;s comment</li><li>Indexes up: Dow 1.05%, S&amp;P 500 1.75%, Nasdaq 2.59%</li></ul><p><img src=\"https://static.tigerbbs.com/459a65bcaf7f2c7137959a9afd944372\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 29 (Reuters) - Wall Street&#39;s main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve&#39;s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.</p><p>All 11 S&amp;P 500 sector indexes rose, with communication service    and technology    as the biggest winner with gains of nearly 3%.</p><p>&#34;It&#39;s just relief,&#34; said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. &#34;Selling pressure has been overwhelming the market recently and we could be having a break. That allowed room for stocks to move, and with lower volume (that) can materialize into a pretty good day.&#34;</p><p>Apple Inc , Alphabet Inc , Microsoft Corp and Amazon.com Inc, whose shares have been battered in the past few sessions, each gained more than 2.5%.</p><p>The U.S. Labor Department reported an increase in the number of Americans filing new claims for unemployment benefits last week. But the data indicates a tight U.S. job market even as the Fed works to cool demand for labor in its bid to lower inflation.</p><p>The yield on 10-year Treasury notes    fell 2.2 basis points to 3.864% on the news.</p><p>The Fed&#39;s aggressive interest rate hikes have hammered equities this year, with the benchmark S&amp;P 500    shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%.</p><p>The technology, consumer discretionary and communication services sectors - which house several rate-sensitive high growth shares - are down between 29% and 40% this year, making them the worst performers among S&amp;P 500 sector indexes.</p><p>Energy shares have bucked the trend with stellar annual gains of 57%.</p><p>Wall Street&#39;s main indexes dropped more than 1% on Wednesday, with the Nasdaq Composite Index    hitting a 2022 closing low as rising COVID cases in China and geopolitical tensions added to fears of a likely recession in 2023.</p><p>However, investor preference for high-dividend yielding stocks with steady earnings has limited losses in the Dow Jones Industrial Average   , which is down just 8.5% for the year.</p><p>The Dow rose 345.09 points, or 1.05%, to 33,220.8; the S&amp;P 500 gained 66.06 points, or 1.75%, at 3,849.28; and the Nasdaq Composite added 264.80 points, or 2.59%, at 10,478.09.</p><p>Tesla Inc    shares rose after Chief Executive Elon Musk told staff they should not be &#34;bothered by stock market craziness.&#34;</p><p>For 2022, Tesla&#39;s 66% slump and Amazon.com&#39;s 50% drop played a big part in the S&amp;P 500 consumer discretionary sector&#39;s 38% loss. Some $1.6 trillion worth of shareholder value evaporated after investors abandoned high-growth stocks with pricey earnings multiples.</p><p>Volume on U.S. exchanges was 8.78 billion shares, compared with the 10.95 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered decliners on the NYSE by a 4.80-to-1 ratio; on Nasdaq, a 4.30-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and no new lows; the Nasdaq Composite recorded 75 new highs and 160 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",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2295194661","content_text":"U.S. weekly jobless claims show modest riseTesla extends gains after Musk's commentIndexes up: Dow 1.05%, S&P 500 1.75%, Nasdaq 2.59%Dec 29 (Reuters) - Wall Street's main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve's interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.All 11 S&P 500 sector indexes rose, with communication service    and technology    as the biggest winner with gains of nearly 3%.\"It's just relief,\" said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. \"Selling pressure has been overwhelming the market recently and we could be having a break. That allowed room for stocks to move, and with lower volume (that) can materialize into a pretty good day.\"Apple Inc , Alphabet Inc , Microsoft Corp and Amazon.com Inc, whose shares have been battered in the past few sessions, each gained more than 2.5%.The U.S. Labor Department reported an increase in the number of Americans filing new claims for unemployment benefits last week. But the data indicates a tight U.S. job market even as the Fed works to cool demand for labor in its bid to lower inflation.The yield on 10-year Treasury notes    fell 2.2 basis points to 3.864% on the news.The Fed's aggressive interest rate hikes have hammered equities this year, with the benchmark S&P 500    shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%.The technology, consumer discretionary and communication services sectors - which house several rate-sensitive high growth shares - are down between 29% and 40% this year, making them the worst performers among S&P 500 sector indexes.Energy shares have bucked the trend with stellar annual gains of 57%.Wall Street's main indexes dropped more than 1% on Wednesday, with the Nasdaq Composite Index    hitting a 2022 closing low as rising COVID cases in China and geopolitical tensions added to fears of a likely recession in 2023.However, investor preference for high-dividend yielding stocks with steady earnings has limited losses in the Dow Jones Industrial Average   , which is down just 8.5% for the year.The Dow rose 345.09 points, or 1.05%, to 33,220.8; the S&P 500 gained 66.06 points, or 1.75%, at 3,849.28; and the Nasdaq Composite added 264.80 points, or 2.59%, at 10,478.09.Tesla Inc    shares rose after Chief Executive Elon Musk told staff they should not be \"bothered by stock market craziness.\"For 2022, Tesla's 66% slump and Amazon.com's 50% drop played a big part in the S&P 500 consumer discretionary sector's 38% loss. Some $1.6 trillion worth of shareholder value evaporated after investors abandoned high-growth stocks with pricey earnings multiples.Volume on U.S. exchanges was 8.78 billion shares, compared with the 10.95 billion average for the full session over the last 20 trading days.Advancing issues outnumbered decliners on the NYSE by a 4.80-to-1 ratio; on Nasdaq, a 4.30-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and no new lows; the Nasdaq Composite recorded 75 new highs and 160 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924227995,"gmtCreate":1672272651317,"gmtModify":1676538662821,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9924227995","repostId":"1139642333","repostType":4,"repost":{"id":"1139642333","kind":"news","pubTimestamp":1672272231,"share":"https://ttm.financial/m/news/1139642333?lang=&edition=fundamental","pubTime":"2022-12-29 08:03","market":"sg","language":"en","title":"Singapore Shares May Run Out Of Steam On Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1139642333","media":"RTT News","summary":"The Singapore stock market has ticked higher in consecutive trading days, collecting almost 10 point","content":"<html><head></head><body><p>The Singapore stock market has ticked higher in consecutive trading days, collecting almost 10 points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,265-point plateau although it may be stuck in neutral on Thursday.</p><p>The global forecast for the Asianmarketsis soft amid concerns over the health of the worldeconomyand the outlook for interest rates. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to follow the latter lead.</p><p>The STI finished barely higher on Wednesday following mixed performances from the financial shares, property stocks and industrials.</p><p>For the day, the index perked 0.59 points or 0.02 percent to finish at 3,266.97 after trading between 3,256.24 and 3,270.33. Volume was 826.7 million shares worth 521.1 million Singapore dollars. There were 274 gainers and 215 decliners.</p><p>Among the actives, City Developments slumped 0.73 percent, while DBS Group and Venture Corporation both fell 0.29 percent, DFI Retail surged 3.78 percent, Emperador climbed 0.99 percent, Genting Singapore spiked 1.06 percent, Hongkong Land lost 0.44 percent, Keppel Corp sank 0.54 percent, Oversea-Chinese Banking Corporation collected 0.16 percent, SembCorp Industries gained 0.30 percent, Singapore Technologies Engineering skidded 0.59 percent, Thai Beverage advanced 0.73 percent, United Overseas Bank rose 0.10 percent, Wilmar International soared 1.44 percent, Yangzijiang Financial tumbled 1.43 percent, Yangzijiang Shipbuilding added 0.72 percent and Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, Ascendas REIT, CapitaLand Integrated Commercial Trust, CapitaLand Investment, SATS, SingTel, Comfort DelGro and Frasers Logistics all were unchanged.</p><p>The lead from Wall Street is negative as the major averages shook off a slightly higher open on Wednesday, quickly heading south and finishing firmly in the red.</p><p>The Dow tumbled 365.85 points or 1.10 percent to finish at 32,875.71, while the NASDAQ slumped 139.94 points or 1.35 percent to close at 10,213.29 and the S&amp;P 500 sank 46.03 points or 1.20 percent to end at 3,783.22.</p><p>The weakness that emerged on Wall Street partly reflected ongoing concerns about the economic outlook and the possibility of higher interest rates leading to a recession.</p><p>However, with many traders away from their desks amid the holidays, the sell-off on Wall Street may have been exaggerated by below average volume.</p><p>In economic news, the National Association of Realtors reported a continued slump in U.S. pending home sales in November.</p><p>Crude oil prices dropped Wednesday on concerns about the outlook for energy demand amid fears of a global recession and rising COVID-19 cases in China. West Texas Intermediate Crude oil futures for February ended down $0.57 or 0.7 percent at $78.86 a barrel.</p></body></html>","source":"lsy1637539882596","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Shares May Run Out Of Steam On Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Shares May Run Out Of Steam On Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-29 08:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.rttnews.com/3334206/singapore-shares-may-run-out-of-steam-on-thursday.aspx?type=acom><strong>RTT News</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Singapore stock market has ticked higher in consecutive trading days, collecting almost 10 points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,265-point plateau...</p>\n\n<a href=\"https://www.rttnews.com/3334206/singapore-shares-may-run-out-of-steam-on-thursday.aspx?type=acom\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3334206/singapore-shares-may-run-out-of-steam-on-thursday.aspx?type=acom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139642333","content_text":"The Singapore stock market has ticked higher in consecutive trading days, collecting almost 10 points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,265-point plateau although it may be stuck in neutral on Thursday.The global forecast for the Asianmarketsis soft amid concerns over the health of the worldeconomyand the outlook for interest rates. The European markets were mixed and the U.S. bourses were down and the Asian markets figure to follow the latter lead.The STI finished barely higher on Wednesday following mixed performances from the financial shares, property stocks and industrials.For the day, the index perked 0.59 points or 0.02 percent to finish at 3,266.97 after trading between 3,256.24 and 3,270.33. Volume was 826.7 million shares worth 521.1 million Singapore dollars. There were 274 gainers and 215 decliners.Among the actives, City Developments slumped 0.73 percent, while DBS Group and Venture Corporation both fell 0.29 percent, DFI Retail surged 3.78 percent, Emperador climbed 0.99 percent, Genting Singapore spiked 1.06 percent, Hongkong Land lost 0.44 percent, Keppel Corp sank 0.54 percent, Oversea-Chinese Banking Corporation collected 0.16 percent, SembCorp Industries gained 0.30 percent, Singapore Technologies Engineering skidded 0.59 percent, Thai Beverage advanced 0.73 percent, United Overseas Bank rose 0.10 percent, Wilmar International soared 1.44 percent, Yangzijiang Financial tumbled 1.43 percent, Yangzijiang Shipbuilding added 0.72 percent and Mapletree Pan Asia Commercial Trust, Mapletree Industrial Trust, Mapletree Logistics Trust, Ascendas REIT, CapitaLand Integrated Commercial Trust, CapitaLand Investment, SATS, SingTel, Comfort DelGro and Frasers Logistics all were unchanged.The lead from Wall Street is negative as the major averages shook off a slightly higher open on Wednesday, quickly heading south and finishing firmly in the red.The Dow tumbled 365.85 points or 1.10 percent to finish at 32,875.71, while the NASDAQ slumped 139.94 points or 1.35 percent to close at 10,213.29 and the S&P 500 sank 46.03 points or 1.20 percent to end at 3,783.22.The weakness that emerged on Wall Street partly reflected ongoing concerns about the economic outlook and the possibility of higher interest rates leading to a recession.However, with many traders away from their desks amid the holidays, the sell-off on Wall Street may have been exaggerated by below average volume.In economic news, the National Association of Realtors reported a continued slump in U.S. pending home sales in November.Crude oil prices dropped Wednesday on concerns about the outlook for energy demand amid fears of a global recession and rising COVID-19 cases in China. West Texas Intermediate Crude oil futures for February ended down $0.57 or 0.7 percent at $78.86 a barrel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924334503,"gmtCreate":1672182165702,"gmtModify":1676538646895,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9924334503","repostId":"2294866614","repostType":4,"repost":{"id":"2294866614","kind":"highlight","pubTimestamp":1672155561,"share":"https://ttm.financial/m/news/2294866614?lang=&edition=fundamental","pubTime":"2022-12-27 23:39","market":"us","language":"en","title":"Apple Stock: Bear vs. Bull","url":"https://stock-news.laohu8.com/highlight/detail?id=2294866614","media":"Motley Fool","summary":"Although Apple is a financially secure company with a diverse product line and reputable brand, investing in it also comes with significant risks.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AAPL\">Apple </a> is the household name to end all household names. The iPhone maker has been around for decades, growing into the most valuable stock on the market with a market cap of $2.1 trillion. That&#39;s a 13-digit number, folks.</p><p>Not every investor owns Apple shares, though it&#39;s safe to say that most of us have at least considered picking up a share or two of the Cupertino giant. But if everyone agreed in unison on Apple&#39;s long-term business prospects and financial health, the stock would never move and you&#39;d never gain or lose any money by holding it. That&#39;s not how investing works.</p><p>So let&#39;s take a look at the pros and cons of buying Apple stock in the current market. Investment decisions should be made with a clear head and a rich understanding of the stock you&#39;re buying. Whether you walk away from this analysis with an urge to hit that buy button, or you end up wanting nothing to do with this particular stock, I&#39;ve done my job as long as you gained a deeper understanding of this massive company.</p><h2>The bull case for Apple</h2><p>Now, I know you might be wondering, &#34;Why would I want to invest in a tech company in 2022? That sounds risky!&#34; But hear me out, because there are several reasons Apple might be a good investment.</p><p>First of all, it&#39;s a financially strong company. It has a long track record of profitability and consistently generates high revenue and profits. It also has a strong balance sheet, with $156.4 billion of global cash reserves and a lower debt balance of $111.8 billion. This means that it has the resources and financial stability to weather any storms that might come its way over the next few years.</p><p>Another reason to consider Apple is its diversified product line. The company offers a wide range of products, including popular items like the iPhone, iPad, Mac, Apple Watch, and AirPods. This diversification helps to reduce the risk associated with investing in Apple. If one product doesn&#39;t do well, the company has others to fall back on.</p><p>In addition to its financials and its product line, Apple also has a strong brand reputation. People around the world know and trust its brand, which helps to drive customer loyalty and attract new customers.</p><p>So, to sum up, Apple is a financially strong company with a diversified product line and a solid brand reputation, as well as a creative reputation. These are all factors that make it a potentially attractive investment option. Furthermore, the stock isn&#39;t terribly expensive right now, trading at 21.6 times trailing earnings and 19.3 times free cash flow.</p><p><img src=\"https://static.tigerbbs.com/7c6fd664c5a49169323970843e1d94a1\" tg-width=\"1015\" tg-height=\"727\" referrerpolicy=\"no-referrer\"/></p><p>AAPL data by YCharts.</p><h2>The bear case against Apple</h2><p>Now you might be thinking, &#34;Apple is a big and successful company, so it must be a safe investment, right?&#34; Well...not exactly. Even this business titan comes with some challenges and risks to be aware of.</p><p>One risk to consider is Apple&#39;s dependence on the iPhone. A whopping 52% of the company&#39;s revenue in its fiscal year 2022 came from selling iPhone products. The smartphone&#39;s business value becomes even more significant when you consider the ecosystem of accessories, services, and apps that revolves around the phone. As a result, if the demand for iPhones decreases or the company runs into production issues, it could negatively impact Apple&#39;s financial performance.</p><p>Another risk is intense competition in the tech industry. Apple&#39;s rivals include other tech giants and start-ups, particularly in the smartphone market. This competition could lead to pricing pressure and margin erosion, negatively affecting the bottom line.</p><p>Apple also relies on key suppliers to manufacture its products. If there are issues with those suppliers, that could impact the company&#39;s ability to produce and sell its products. For example, a COVID-19 outbreak in Zhengzhou, China, limited the production of the iPhone 14 Pro and 14 Pro Max this fall.</p><p>So, while Apple might seem like a safe and stable investment at first glance, there are actually some concerns to be aware of. Many of them apply to the entire stock market, or at least to the consumer electronics market as a whole. However, a few key issues, such as the heavy reliance on iPhone sales, are unique to Apple.</p><p>Those are the pros and cons of owning Apple stock. As with any investment, it&#39;s important to thoroughly research and carefully consider the potential risks and rewards before making a decision. And as always, don&#39;t forget to diversify your portfolio to spread risk, and not rely too heavily on any one investment -- not even mighty Apple.</p></body></html>","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>Apple Stock: Bear vs. Bull</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: Bear vs. Bull\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-27 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/26/apple-stock-bear-vs-bull/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple  is the household name to end all household names. The iPhone maker has been around for decades, growing into the most valuable stock on the market with a market cap of $2.1 trillion. That's a ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/26/apple-stock-bear-vs-bull/\">Web 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.fool.com/investing/2022/12/26/apple-stock-bear-vs-bull/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2294866614","content_text":"Apple  is the household name to end all household names. The iPhone maker has been around for decades, growing into the most valuable stock on the market with a market cap of $2.1 trillion. That's a 13-digit number, folks.Not every investor owns Apple shares, though it's safe to say that most of us have at least considered picking up a share or two of the Cupertino giant. But if everyone agreed in unison on Apple's long-term business prospects and financial health, the stock would never move and you'd never gain or lose any money by holding it. That's not how investing works.So let's take a look at the pros and cons of buying Apple stock in the current market. Investment decisions should be made with a clear head and a rich understanding of the stock you're buying. Whether you walk away from this analysis with an urge to hit that buy button, or you end up wanting nothing to do with this particular stock, I've done my job as long as you gained a deeper understanding of this massive company.The bull case for AppleNow, I know you might be wondering, \"Why would I want to invest in a tech company in 2022? That sounds risky!\" But hear me out, because there are several reasons Apple might be a good investment.First of all, it's a financially strong company. It has a long track record of profitability and consistently generates high revenue and profits. It also has a strong balance sheet, with $156.4 billion of global cash reserves and a lower debt balance of $111.8 billion. This means that it has the resources and financial stability to weather any storms that might come its way over the next few years.Another reason to consider Apple is its diversified product line. The company offers a wide range of products, including popular items like the iPhone, iPad, Mac, Apple Watch, and AirPods. This diversification helps to reduce the risk associated with investing in Apple. If one product doesn't do well, the company has others to fall back on.In addition to its financials and its product line, Apple also has a strong brand reputation. People around the world know and trust its brand, which helps to drive customer loyalty and attract new customers.So, to sum up, Apple is a financially strong company with a diversified product line and a solid brand reputation, as well as a creative reputation. These are all factors that make it a potentially attractive investment option. Furthermore, the stock isn't terribly expensive right now, trading at 21.6 times trailing earnings and 19.3 times free cash flow.AAPL data by YCharts.The bear case against AppleNow you might be thinking, \"Apple is a big and successful company, so it must be a safe investment, right?\" Well...not exactly. Even this business titan comes with some challenges and risks to be aware of.One risk to consider is Apple's dependence on the iPhone. A whopping 52% of the company's revenue in its fiscal year 2022 came from selling iPhone products. The smartphone's business value becomes even more significant when you consider the ecosystem of accessories, services, and apps that revolves around the phone. As a result, if the demand for iPhones decreases or the company runs into production issues, it could negatively impact Apple's financial performance.Another risk is intense competition in the tech industry. Apple's rivals include other tech giants and start-ups, particularly in the smartphone market. This competition could lead to pricing pressure and margin erosion, negatively affecting the bottom line.Apple also relies on key suppliers to manufacture its products. If there are issues with those suppliers, that could impact the company's ability to produce and sell its products. For example, a COVID-19 outbreak in Zhengzhou, China, limited the production of the iPhone 14 Pro and 14 Pro Max this fall.So, while Apple might seem like a safe and stable investment at first glance, there are actually some concerns to be aware of. Many of them apply to the entire stock market, or at least to the consumer electronics market as a whole. However, a few key issues, such as the heavy reliance on iPhone sales, are unique to Apple.Those are the pros and cons of owning Apple stock. As with any investment, it's important to thoroughly research and carefully consider the potential risks and rewards before making a decision. And as always, don't forget to diversify your portfolio to spread risk, and not rely too heavily on any one investment -- not even mighty Apple.","news_type":1},"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9924029310,"gmtCreate":1672141330030,"gmtModify":1676538640768,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9924029310","repostId":"2294492276","repostType":4,"isVote":1,"tweetType":1,"viewCount":406,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925634032,"gmtCreate":1672013922426,"gmtModify":1676538620868,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9925634032","repostId":"2294638805","repostType":4,"repost":{"id":"2294638805","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":1672009427,"share":"https://ttm.financial/m/news/2294638805?lang=&edition=fundamental","pubTime":"2022-12-26 07:03","market":"us","language":"en","title":"Christmas Stock Market Closing, Housing and Labor Data, and More for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2294638805","media":"Dow Jones","summary":"Stock and bond markets will be closed on Monday for the Christmas holiday.It will be a quiet holiday","content":"<html><head></head><body><p>Stock and bond markets will be closed on Monday for the Christmas holiday.</p><p>It will be a quiet holiday week once Wall Street reopens. It&#39;s the stretch between Christmas and New Years, and the corporate calendar is practically empty. There are no major companies reporting earnings or speaking with investors. Fourth-quarter earnings season kicks off with results from several big banks on Jan. 13.</p><p>There are a few economic-data releases to watch this week. On Tuesday, S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> releases its Case-Shiller National Home Price Index for October and the Federal Housing Finance Agency releases its House Price Index for October.</p><p>On Wednesday, the National Association of Realtors reports pending home sales for November. Finally, on Thursday, the Department of Labor reports initial jobless claims for the week ending Dec. 24. Claims have averaged 220,000 in December, about the same level as the two previous months.</p><p><img src=\"https://static.tigerbbs.com/43a8e67f3fddef2ef7d027758ab8b30b\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><h2>Monday 12/26</h2><p>Equity and fixed-income markets are closed in observance of the Christmas holiday.</p><h2>Tuesday 12/27</h2><p>The Federal Housing Finance Agency releases its House Price Index for October. Consensus estimate is for 0.7% a month-over-month decline, following a 0.1% gain in September.</p><p>S&amp;P CoreLogic releases its Case-Shiller National Home Price Index for October. Consensus estimate is for a 8.2% year-over-year increase, following a 10.6% gain in September.</p><p>Home-price growth peaked in March 2022 at a record 20.8% and has decelerated since then amid rising mortgage rates and a subsequent chill in home-sales activity.</p><p>Referring to the September report, Craig J. Lazzara, managing director at S&amp;P Dow Jones Indices, said, &#34;As has been the case for the past several months, our report reflects short-term declines and medium-term deceleration in housing prices across the U.S.&#34;</p><p>The Southeast (+20.8%) and <a href=\"https://laohu8.com/S/SQX.AU\">South</a> (+19.9%) were the strongest regions by far, with gains more than double those of the Northeast, <a href=\"https://laohu8.com/S/MDWT\">Midwest</a>, and West.</p><p>The Federal Reserve Bank of Dallas releases its Texas Manufacturing Outlook Survey for December. Economists forecast a negative 10.5 reading, about four points better than in November. The index has had seven consecutive monthly readings of less than zero, indicating a slumping manufacturing sector in the region.</p><h2>Wednesday 12/28</h2><p>The National Association of Realtors reports pending home sales for November. Expectations are for sales to decline 3.8% month over month, after falling 4.6% in October.</p><p>Pending home sales have declined five straight months, and 11 out of the past 12. The housing slump is particularly bad in the West region of the U.S., according to NAR chief economist Lawrence Yun, due to a combination of high interest rates and expensive home prices.</p><p>The Federal Reserve Bank of Richmond releases its Fifth District Survey of Manufacturing Activity for December. The consensus call is for a negative 8.5 reading, roughly even with the previous month&#39;s data.</p><p>All five of the regional Federal Reserve Bank manufacturing indexes -- Dallas, Kansas City, New York, Philadelphia, and Richmond, Va. -- are showing contraction in the regions&#39; manufacturing sectors.</p><h2>Thursday 12/29</h2><p>The Department of Labor reports initial jobless claims for the week ending Dec. 24. Claims have averaged 220,000 in December, about the same level as the two previous months. While that&#39;s more than the half-century lows reached in March, it&#39;s still less than historical averages. This suggests that the labor market is still tight and Federal Reserve&#39;s interest-rate hikes haven&#39;t yet dented employment and wage growth as much as the FOMC would like.</p><h2>Friday 12/30</h2><p>The Institute for Supply Management releases its Chicago Business Barometer for December. Economists forecast a 43 reading, about six points better than the prior month. Excluding the 2020 pandemic shock, November&#39;s 37.2 reading was the lowest reading since the 2008-09 financial crisis.</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>Christmas Stock Market Closing, Housing and Labor Data, and More for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChristmas Stock Market Closing, Housing and Labor Data, and More for Investors to Watch This Week\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\">2022-12-26 07:03</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Stock and bond markets will be closed on Monday for the Christmas holiday.</p><p>It will be a quiet holiday week once Wall Street reopens. It&#39;s the stretch between Christmas and New Years, and the corporate calendar is practically empty. There are no major companies reporting earnings or speaking with investors. Fourth-quarter earnings season kicks off with results from several big banks on Jan. 13.</p><p>There are a few economic-data releases to watch this week. On Tuesday, S&amp;P <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> releases its Case-Shiller National Home Price Index for October and the Federal Housing Finance Agency releases its House Price Index for October.</p><p>On Wednesday, the National Association of Realtors reports pending home sales for November. Finally, on Thursday, the Department of Labor reports initial jobless claims for the week ending Dec. 24. Claims have averaged 220,000 in December, about the same level as the two previous months.</p><p><img src=\"https://static.tigerbbs.com/43a8e67f3fddef2ef7d027758ab8b30b\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><h2>Monday 12/26</h2><p>Equity and fixed-income markets are closed in observance of the Christmas holiday.</p><h2>Tuesday 12/27</h2><p>The Federal Housing Finance Agency releases its House Price Index for October. Consensus estimate is for 0.7% a month-over-month decline, following a 0.1% gain in September.</p><p>S&amp;P CoreLogic releases its Case-Shiller National Home Price Index for October. Consensus estimate is for a 8.2% year-over-year increase, following a 10.6% gain in September.</p><p>Home-price growth peaked in March 2022 at a record 20.8% and has decelerated since then amid rising mortgage rates and a subsequent chill in home-sales activity.</p><p>Referring to the September report, Craig J. Lazzara, managing director at S&amp;P Dow Jones Indices, said, &#34;As has been the case for the past several months, our report reflects short-term declines and medium-term deceleration in housing prices across the U.S.&#34;</p><p>The Southeast (+20.8%) and <a href=\"https://laohu8.com/S/SQX.AU\">South</a> (+19.9%) were the strongest regions by far, with gains more than double those of the Northeast, <a href=\"https://laohu8.com/S/MDWT\">Midwest</a>, and West.</p><p>The Federal Reserve Bank of Dallas releases its Texas Manufacturing Outlook Survey for December. Economists forecast a negative 10.5 reading, about four points better than in November. The index has had seven consecutive monthly readings of less than zero, indicating a slumping manufacturing sector in the region.</p><h2>Wednesday 12/28</h2><p>The National Association of Realtors reports pending home sales for November. Expectations are for sales to decline 3.8% month over month, after falling 4.6% in October.</p><p>Pending home sales have declined five straight months, and 11 out of the past 12. The housing slump is particularly bad in the West region of the U.S., according to NAR chief economist Lawrence Yun, due to a combination of high interest rates and expensive home prices.</p><p>The Federal Reserve Bank of Richmond releases its Fifth District Survey of Manufacturing Activity for December. The consensus call is for a negative 8.5 reading, roughly even with the previous month&#39;s data.</p><p>All five of the regional Federal Reserve Bank manufacturing indexes -- Dallas, Kansas City, New York, Philadelphia, and Richmond, Va. -- are showing contraction in the regions&#39; manufacturing sectors.</p><h2>Thursday 12/29</h2><p>The Department of Labor reports initial jobless claims for the week ending Dec. 24. Claims have averaged 220,000 in December, about the same level as the two previous months. While that&#39;s more than the half-century lows reached in March, it&#39;s still less than historical averages. This suggests that the labor market is still tight and Federal Reserve&#39;s interest-rate hikes haven&#39;t yet dented employment and wage growth as much as the FOMC would like.</p><h2>Friday 12/30</h2><p>The Institute for Supply Management releases its Chicago Business Barometer for December. Economists forecast a 43 reading, about six points better than the prior month. Excluding the 2020 pandemic shock, November&#39;s 37.2 reading was the lowest reading since the 2008-09 financial crisis.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","BK4211":"区域性银行",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2294638805","content_text":"Stock and bond markets will be closed on Monday for the Christmas holiday.It will be a quiet holiday week once Wall Street reopens. It's the stretch between Christmas and New Years, and the corporate calendar is practically empty. There are no major companies reporting earnings or speaking with investors. Fourth-quarter earnings season kicks off with results from several big banks on Jan. 13.There are a few economic-data releases to watch this week. On Tuesday, S&P CoreLogic releases its Case-Shiller National Home Price Index for October and the Federal Housing Finance Agency releases its House Price Index for October.On Wednesday, the National Association of Realtors reports pending home sales for November. Finally, on Thursday, the Department of Labor reports initial jobless claims for the week ending Dec. 24. Claims have averaged 220,000 in December, about the same level as the two previous months.Monday 12/26Equity and fixed-income markets are closed in observance of the Christmas holiday.Tuesday 12/27The Federal Housing Finance Agency releases its House Price Index for October. Consensus estimate is for 0.7% a month-over-month decline, following a 0.1% gain in September.S&P CoreLogic releases its Case-Shiller National Home Price Index for October. Consensus estimate is for a 8.2% year-over-year increase, following a 10.6% gain in September.Home-price growth peaked in March 2022 at a record 20.8% and has decelerated since then amid rising mortgage rates and a subsequent chill in home-sales activity.Referring to the September report, Craig J. Lazzara, managing director at S&P Dow Jones Indices, said, \"As has been the case for the past several months, our report reflects short-term declines and medium-term deceleration in housing prices across the U.S.\"The Southeast (+20.8%) and South (+19.9%) were the strongest regions by far, with gains more than double those of the Northeast, Midwest, and West.The Federal Reserve Bank of Dallas releases its Texas Manufacturing Outlook Survey for December. Economists forecast a negative 10.5 reading, about four points better than in November. The index has had seven consecutive monthly readings of less than zero, indicating a slumping manufacturing sector in the region.Wednesday 12/28The National Association of Realtors reports pending home sales for November. Expectations are for sales to decline 3.8% month over month, after falling 4.6% in October.Pending home sales have declined five straight months, and 11 out of the past 12. The housing slump is particularly bad in the West region of the U.S., according to NAR chief economist Lawrence Yun, due to a combination of high interest rates and expensive home prices.The Federal Reserve Bank of Richmond releases its Fifth District Survey of Manufacturing Activity for December. The consensus call is for a negative 8.5 reading, roughly even with the previous month's data.All five of the regional Federal Reserve Bank manufacturing indexes -- Dallas, Kansas City, New York, Philadelphia, and Richmond, Va. -- are showing contraction in the regions' manufacturing sectors.Thursday 12/29The Department of Labor reports initial jobless claims for the week ending Dec. 24. Claims have averaged 220,000 in December, about the same level as the two previous months. While that's more than the half-century lows reached in March, it's still less than historical averages. This suggests that the labor market is still tight and Federal Reserve's interest-rate hikes haven't yet dented employment and wage growth as much as the FOMC would like.Friday 12/30The Institute for Supply Management releases its Chicago Business Barometer for December. Economists forecast a 43 reading, about six points better than the prior month. Excluding the 2020 pandemic shock, November's 37.2 reading was the lowest reading since the 2008-09 financial crisis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9925359459,"gmtCreate":1671935727571,"gmtModify":1676538612889,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9925359459","repostId":"1136355949","repostType":4,"repost":{"id":"1136355949","kind":"news","pubTimestamp":1671935124,"share":"https://ttm.financial/m/news/1136355949?lang=&edition=fundamental","pubTime":"2022-12-25 10:25","market":"us","language":"en","title":"Top Weekend Stock Picks: Costco, Johnson & Johnson, And How Tesla Could Become A Value Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1136355949","media":"Benzinga","summary":"ZINGER KEY POINTSAlthough Costco's stock has fallen 18% this year, 2023 looks better for the warehou","content":"<html><head></head><body><p><b>ZINGER KEY POINTS</b></p><ul><li>Although Costco&#39;s stock has fallen 18% this year, 2023 looks better for the warehouse-store giant.</li><li>Tesla&#39;s stock is trading for 22 times estimated 2023 earnings, and becoming attractive to value investors.</li></ul><p><i>Benzinga reviews this weekend&#39;s top stories covered by Barron&#39;s, here are the articles investors need to read.</i></p><p>&#34;Robots Are Replacing Workers Lost in the Pandemic. They’re Here to Stay,&#34; by Daren Fonda, explains how labor shortages and rising wage costs are helping spur a new generation of robots that can handle a variety of basic job tasks.</p><p>In &#34;Can Tesla Be a Value Stock? How It’s Going to Get There,&#34; Al Root writes that <b>Tesla Inc&#39;s</b> stock is trading for 22 times estimated 2023 earnings (its lowest P/E ratio ever), and it&#39;s beginning to look attractive to value investors.</p><p>&#34;Love a Sale? It’s a Great Time to Buy Costco Stock,&#34; by Tereas Rivas, notes that although <b>Costco Wholesale Corp</b> stock has fallen 18% this year, the outlook for 2023 is better for the warehouse-store giant, whose loyal customers continue buying its bargain-priced goods.</p><p>In &#34;6 Defensive Healthcare Stocks for 2023,&#34; Josh Nathan-Kazis writes that as investors continue to navigate market uncertainty, large-cap healthcare stocks remain an attractive defensive play, including <b>UnitedHealth Group Inc</b> and <b>Johnson &amp; Johnson</b> which are up 5.78% and 3.46%, respectively.</p><p>&#34;Energy Stocks Hess and ConocoPhillips Rise as Oil Prices Surge,&#34; by Emily Dattilo, reports that energy stocks, like <b>ConocoPhillips</b> and <b>Hess Corp</b> were rising on Friday after Russia indicated it may reduce oil production in response to price caps placed on its exports.</p><p>In &#34;Rising Prices Have Shoppers Buying Secondhand Gifts,&#34; Sabrina Escobar writes that many shoppers are looking to save money by buying pre-owned luxury goods this holiday season, and many are turning to retailers like <b>RealReal Inc</b> and <b>Poshmark Inc</b>.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Top Weekend Stock Picks: Costco, Johnson & Johnson, And How Tesla Could Become A Value Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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\">\nTop Weekend Stock Picks: Costco, Johnson & Johnson, And How Tesla Could Become A Value Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-25 10:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/large-cap/22/12/30194895/barrons-top-weekend-stock-picks-costco-johnson-johnson-and-how-tesla-could-become-a-value-stock><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZINGER KEY POINTSAlthough Costco's stock has fallen 18% this year, 2023 looks better for the warehouse-store giant.Tesla's stock is trading for 22 times estimated 2023 earnings, and becoming ...</p>\n\n<a href=\"https://www.benzinga.com/news/large-cap/22/12/30194895/barrons-top-weekend-stock-picks-costco-johnson-johnson-and-how-tesla-could-become-a-value-stock\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COST":"好市多","JNJ":"强生","TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/news/large-cap/22/12/30194895/barrons-top-weekend-stock-picks-costco-johnson-johnson-and-how-tesla-could-become-a-value-stock","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136355949","content_text":"ZINGER KEY POINTSAlthough Costco's stock has fallen 18% this year, 2023 looks better for the warehouse-store giant.Tesla's stock is trading for 22 times estimated 2023 earnings, and becoming attractive to value investors.Benzinga reviews this weekend's top stories covered by Barron's, here are the articles investors need to read.\"Robots Are Replacing Workers Lost in the Pandemic. They’re Here to Stay,\" by Daren Fonda, explains how labor shortages and rising wage costs are helping spur a new generation of robots that can handle a variety of basic job tasks.In \"Can Tesla Be a Value Stock? How It’s Going to Get There,\" Al Root writes that Tesla Inc's stock is trading for 22 times estimated 2023 earnings (its lowest P/E ratio ever), and it's beginning to look attractive to value investors.\"Love a Sale? It’s a Great Time to Buy Costco Stock,\" by Tereas Rivas, notes that although Costco Wholesale Corp stock has fallen 18% this year, the outlook for 2023 is better for the warehouse-store giant, whose loyal customers continue buying its bargain-priced goods.In \"6 Defensive Healthcare Stocks for 2023,\" Josh Nathan-Kazis writes that as investors continue to navigate market uncertainty, large-cap healthcare stocks remain an attractive defensive play, including UnitedHealth Group Inc and Johnson & Johnson which are up 5.78% and 3.46%, respectively.\"Energy Stocks Hess and ConocoPhillips Rise as Oil Prices Surge,\" by Emily Dattilo, reports that energy stocks, like ConocoPhillips and Hess Corp were rising on Friday after Russia indicated it may reduce oil production in response to price caps placed on its exports.In \"Rising Prices Have Shoppers Buying Secondhand Gifts,\" Sabrina Escobar writes that many shoppers are looking to save money by buying pre-owned luxury goods this holiday season, and many are turning to retailers like RealReal Inc and Poshmark Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922789374,"gmtCreate":1671844867398,"gmtModify":1676538602382,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9922789374","repostId":"1189263452","repostType":4,"isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922821263,"gmtCreate":1671743023353,"gmtModify":1676538585542,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9922821263","repostId":"2292733669","repostType":4,"repost":{"id":"2292733669","kind":"highlight","pubTimestamp":1671696008,"share":"https://ttm.financial/m/news/2292733669?lang=&edition=fundamental","pubTime":"2022-12-22 16:00","market":"us","language":"en","title":"5 of the Safest High-Yield Dividend Stocks to Buy for 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2292733669","media":"Motley Fool","summary":"These rock-solid income stocks, with inflation-fighting yields ranging from 4.6% to 8%, provide plenty of reward with minimal risk for investors.","content":"<html><head></head><body><p>When the going gets rough on Wall Street, smart investors turn to dividend stocks. Companies that pay a regular dividend are usually profitable on a recurring basis and have previously navigated their way through one or more downturns.</p><p>What&#39;s more, dividend stocks have crushed non-payers in the return column over long periods. A 2013 report from J.P. Morgan Asset Management, a division of <b>JPMorgan Chase</b>, showed that companies initiating and increasing their payouts averaged a 9.5% annual return between 1972 and 2012. That compared to a meager 1.6% annualized return over the same four-decade period for companies that didn&#39;t pay a dividend.</p><p>But not all income stocks are created equally. When it comes to the safety of their payouts and the size of their distributions, these are five of the safest high-yield dividend stocks to buy for 2023.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/41c70f768d9b52f7b6e9ecebb52035e0\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>Enterprise Products Partners: 7.98% yield</h2><p>One of the safest and smartest high-yield dividend stocks investors can buy for the new year is oil and gas stock <b>Enterprise Products Partners</b>.</p><p>Admittedly, some folks are going to cringe at the idea of putting money to work in oil stocks after what happened in 2020. A historic demand drawdown caused by the COVID-19 pandemic sent crude oil and natural gas demand off a cliff and crushed drillers. With talk of a U.S. recession materializing in 2023, there&#39;s obvious concern for commodity-driven businesses.</p><p>However, Enterprise Products Partners isn&#39;t a driller. It&#39;s a midstream operator, which effectively means it&#39;s an energy middleman tasked with transporting, storing, and processing crude oil, natural gas, natural gas liquids, and already refined products.</p><p>The beauty of midstream operators like Enterprise is they almost always sign long-term, fixed-fee or volume-based contracts with drilling companies that remove spot-price fluctuations in oil and natural gas from the equation. In other words, Enterprise can accurately predict its annual operating cash flow regardless of how volatile energy commodity prices are.</p><p>If you&#39;re wondering why this cash-flow predictability is so important, look no further than Enterprise Products Partners&#39; growth mechanism: new projects. The company has approximately $5.5 billion invested in over a dozen major projects, many of which are geared toward storing or processing natural gas liquids. A majority of these infrastructure projects are slated to come online by the end of next year.</p><p>With transparent cash flow and a 24-year streak (and counting) of increasing its base annual distribution, Enterprise Products Partners is a no-brainer buy in 2023 for income seekers.</p><h2>Philip Morris International: 5.07% yield</h2><p>A second extremely safe, high-yield dividend stock to buy for 2023 is tobacco behemoth <b>Philip Morris International</b>.</p><p>The knock against big tobacco is that, over time, consumers have become increasingly aware of the dangers of tobacco use. This awareness, coupled with stringent advertising laws for tobacco companies in select developed markets, is weighing on the growth potential of tobacco stocks. But Philip Morris has a few tricks up its sleeve.</p><p>To begin with, it&#39;s an international player with a presence in more than 180 countries. This geographic diversity means it can offset shipment volume weakness in developed markets with higher organic growth opportunities in emerging markets where tobacco remains an affordable luxury for the middle class.</p><p>To build on the above, the nicotine found in tobacco is an addictive chemical. This lure to tobacco products is what allows Philip Morris substantial pricing power. It also doesn&#39;t hurt that its premium brand, Marlboro, held nearly a sixth of global cigarette-market share in the September-ended quarter.</p><p>Investors shouldn&#39;t discount the company&#39;s ongoing rollout of smoke-free products, either. Philip Morris&#39; IQOS heated tobacco system increased its share of the heated tobacco markets it operates in to 7.6% through the first nine months of the year. That&#39;s up 120 basis points from the comparable period in 2021.</p><p>Tobacco stocks may not be the growth story they once were, but Philip Morris can continue to deliver for patient investors.</p><h2>U.S. Bancorp: 4.56% yield</h2><p>The third high-yield income stock that makes for an exceptionally safe investment in 2023 is <b>U.S. Bancorp</b>, the parent company of U.S. Bank.</p><p>Under normal circumstances, bank stocks wouldn&#39;t be considered a &#34;safe&#34; investment during a bear market or with the possibility of a U.S. recession on the horizon. However, this isn&#39;t your typical bear market.</p><p>Instead of the Federal Reserve lowering interest rates to spur lending, the nation&#39;s central bank is scrambling to raise rates fast enough to tame historically high inflation. That&#39;s a scenario to benefit large banks with outstanding variable-rate loans. During the third quarter, U.S. Bancorp reported $3.86 billion in net-interest income, which was close to 21% higher than the comparable quarter in 2021. With interest rates set to climb even more, U.S. Bancorp should be able to more than offset near-term loan losses with higher net-interest income.</p><p>Another key point about U.S. Bancorp is that its management team has historically been conservative. Whereas riskier derivative investments wrecked the income statements and balance sheets of money-center banks during and after the financial crisis, U.S. Bancorp&#39;s straightforward focus on growing its loans and deposits has paid off.</p><p>But the real selling point here is the company&#39;s industry-leading digital engagement. A whopping 82% of its active customers were banking digitally as of the end of August, and 62% of total loan sales were completed online or via mobile app. These digital engagements cost just a fraction of what in-person and phone-based interactions run, and help explain why U.S. Bancorp consistently delivers some of the highest return on assets among big banks.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e15711190f8799614d34e64dad3c1555\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>AT&amp;T and Verizon Communications: 6% yield and 7.03% yield</h2><p>The fourth and fifth safe high-yield dividend stocks to buy for 2023 are telecom stocks <b>AT&amp;T</b> and <b>Verizon Communications</b>. The reason I&#39;m lumping these highly profitable companies together is because they share many of the same catalysts and headwinds, yet both deliver inflation-fighting yields of 6% and 7%.</p><p>Similar to big tobacco, the growth heyday for telecom providers has long since passed. But this doesn&#39;t mean large-scale telecom companies are devoid of catalysts or needle-moving events.</p><p>One benefit of owning telecom stocks is that access to wireless services and owning a smartphone have evolved into basic necessities. During the first-half of 2022, which featured two quarters of U.S. gross domestic product declines, wireless churn rates remained near historic lows for both AT&amp;T and Verizon. The takeaway is that investors can expect predictable cash flow from both companies in any economic environment.</p><p>AT&amp;T and Verizon are also ideally set up to benefit from the 5G revolution. Although both are spending billions of dollars to upgrade their infrastructure to support 5G download speeds, these investments are already proving to be well worth it. Verizon&#39;s wireless revenue jumped 10% during the third quarter, while AT&amp;T logged its fastest wireless revenue growth in more than a decade.</p><p>Lastly, AT&amp;T and Verizon have each enjoyed steady net broadband additions. Even though broadband growth is relatively modest, it&#39;s providing both companies with bundling opportunities designed to boost their operating margins.</p><p>With AT&amp;T and Verizon both valued at less than 8 times Wall Street&#39;s forward-year consensus earnings, there&#39;s a reasonably safe floor beneath both stocks.</p></body></html>","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>5 of the Safest High-Yield Dividend Stocks to Buy for 2023</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\">\n5 of the Safest High-Yield Dividend Stocks to Buy for 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-22 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/20/5-safest-high-yield-dividend-stocks-to-buy-in-2023/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When the going gets rough on Wall Street, smart investors turn to dividend stocks. Companies that pay a regular dividend are usually profitable on a recurring basis and have previously navigated their...</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/20/5-safest-high-yield-dividend-stocks-to-buy-in-2023/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VZ":"威瑞森","BK4115":"综合电信业务","USB":"美国合众银行","BK4515":"5G概念","PM":"菲利普莫里斯","BK4207":"综合性银行","T":"美国电话电报","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","EPD":"Enterprise Products Partners L.P","BK4550":"红杉资本持仓","BK4504":"桥水持仓"},"source_url":"https://www.fool.com/investing/2022/12/20/5-safest-high-yield-dividend-stocks-to-buy-in-2023/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2292733669","content_text":"When the going gets rough on Wall Street, smart investors turn to dividend stocks. Companies that pay a regular dividend are usually profitable on a recurring basis and have previously navigated their way through one or more downturns.What's more, dividend stocks have crushed non-payers in the return column over long periods. A 2013 report from J.P. Morgan Asset Management, a division of JPMorgan Chase, showed that companies initiating and increasing their payouts averaged a 9.5% annual return between 1972 and 2012. That compared to a meager 1.6% annualized return over the same four-decade period for companies that didn't pay a dividend.But not all income stocks are created equally. When it comes to the safety of their payouts and the size of their distributions, these are five of the safest high-yield dividend stocks to buy for 2023.Image source: Getty Images.Enterprise Products Partners: 7.98% yieldOne of the safest and smartest high-yield dividend stocks investors can buy for the new year is oil and gas stock Enterprise Products Partners.Admittedly, some folks are going to cringe at the idea of putting money to work in oil stocks after what happened in 2020. A historic demand drawdown caused by the COVID-19 pandemic sent crude oil and natural gas demand off a cliff and crushed drillers. With talk of a U.S. recession materializing in 2023, there's obvious concern for commodity-driven businesses.However, Enterprise Products Partners isn't a driller. It's a midstream operator, which effectively means it's an energy middleman tasked with transporting, storing, and processing crude oil, natural gas, natural gas liquids, and already refined products.The beauty of midstream operators like Enterprise is they almost always sign long-term, fixed-fee or volume-based contracts with drilling companies that remove spot-price fluctuations in oil and natural gas from the equation. In other words, Enterprise can accurately predict its annual operating cash flow regardless of how volatile energy commodity prices are.If you're wondering why this cash-flow predictability is so important, look no further than Enterprise Products Partners' growth mechanism: new projects. The company has approximately $5.5 billion invested in over a dozen major projects, many of which are geared toward storing or processing natural gas liquids. A majority of these infrastructure projects are slated to come online by the end of next year.With transparent cash flow and a 24-year streak (and counting) of increasing its base annual distribution, Enterprise Products Partners is a no-brainer buy in 2023 for income seekers.Philip Morris International: 5.07% yieldA second extremely safe, high-yield dividend stock to buy for 2023 is tobacco behemoth Philip Morris International.The knock against big tobacco is that, over time, consumers have become increasingly aware of the dangers of tobacco use. This awareness, coupled with stringent advertising laws for tobacco companies in select developed markets, is weighing on the growth potential of tobacco stocks. But Philip Morris has a few tricks up its sleeve.To begin with, it's an international player with a presence in more than 180 countries. This geographic diversity means it can offset shipment volume weakness in developed markets with higher organic growth opportunities in emerging markets where tobacco remains an affordable luxury for the middle class.To build on the above, the nicotine found in tobacco is an addictive chemical. This lure to tobacco products is what allows Philip Morris substantial pricing power. It also doesn't hurt that its premium brand, Marlboro, held nearly a sixth of global cigarette-market share in the September-ended quarter.Investors shouldn't discount the company's ongoing rollout of smoke-free products, either. Philip Morris' IQOS heated tobacco system increased its share of the heated tobacco markets it operates in to 7.6% through the first nine months of the year. That's up 120 basis points from the comparable period in 2021.Tobacco stocks may not be the growth story they once were, but Philip Morris can continue to deliver for patient investors.U.S. Bancorp: 4.56% yieldThe third high-yield income stock that makes for an exceptionally safe investment in 2023 is U.S. Bancorp, the parent company of U.S. Bank.Under normal circumstances, bank stocks wouldn't be considered a \"safe\" investment during a bear market or with the possibility of a U.S. recession on the horizon. However, this isn't your typical bear market.Instead of the Federal Reserve lowering interest rates to spur lending, the nation's central bank is scrambling to raise rates fast enough to tame historically high inflation. That's a scenario to benefit large banks with outstanding variable-rate loans. During the third quarter, U.S. Bancorp reported $3.86 billion in net-interest income, which was close to 21% higher than the comparable quarter in 2021. With interest rates set to climb even more, U.S. Bancorp should be able to more than offset near-term loan losses with higher net-interest income.Another key point about U.S. Bancorp is that its management team has historically been conservative. Whereas riskier derivative investments wrecked the income statements and balance sheets of money-center banks during and after the financial crisis, U.S. Bancorp's straightforward focus on growing its loans and deposits has paid off.But the real selling point here is the company's industry-leading digital engagement. A whopping 82% of its active customers were banking digitally as of the end of August, and 62% of total loan sales were completed online or via mobile app. These digital engagements cost just a fraction of what in-person and phone-based interactions run, and help explain why U.S. Bancorp consistently delivers some of the highest return on assets among big banks.Image source: Getty Images.AT&T and Verizon Communications: 6% yield and 7.03% yieldThe fourth and fifth safe high-yield dividend stocks to buy for 2023 are telecom stocks AT&T and Verizon Communications. The reason I'm lumping these highly profitable companies together is because they share many of the same catalysts and headwinds, yet both deliver inflation-fighting yields of 6% and 7%.Similar to big tobacco, the growth heyday for telecom providers has long since passed. But this doesn't mean large-scale telecom companies are devoid of catalysts or needle-moving events.One benefit of owning telecom stocks is that access to wireless services and owning a smartphone have evolved into basic necessities. During the first-half of 2022, which featured two quarters of U.S. gross domestic product declines, wireless churn rates remained near historic lows for both AT&T and Verizon. The takeaway is that investors can expect predictable cash flow from both companies in any economic environment.AT&T and Verizon are also ideally set up to benefit from the 5G revolution. Although both are spending billions of dollars to upgrade their infrastructure to support 5G download speeds, these investments are already proving to be well worth it. Verizon's wireless revenue jumped 10% during the third quarter, while AT&T logged its fastest wireless revenue growth in more than a decade.Lastly, AT&T and Verizon have each enjoyed steady net broadband additions. Even though broadband growth is relatively modest, it's providing both companies with bundling opportunities designed to boost their operating margins.With AT&T and Verizon both valued at less than 8 times Wall Street's forward-year consensus earnings, there's a reasonably safe floor beneath both stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922980379,"gmtCreate":1671671111392,"gmtModify":1676538573082,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9922980379","repostId":"1165133422","repostType":4,"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926506219,"gmtCreate":1671578873832,"gmtModify":1676538557860,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9926506219","repostId":"2293414369","repostType":4,"repost":{"id":"2293414369","kind":"highlight","pubTimestamp":1671578778,"share":"https://ttm.financial/m/news/2293414369?lang=&edition=fundamental","pubTime":"2022-12-21 07:26","market":"us","language":"en","title":"U.S. Stocks Moving After Hours: Nike, FedEx, Workday","url":"https://stock-news.laohu8.com/highlight/detail?id=2293414369","media":"Yahoo Finance","summary":"These are the stocks moving after the bell on Tuesday, December 20, 2022:Nike (NKE)Nike shares rose ","content":"<html><head></head><body><p><b>These are the stocks moving after the bell on Tuesday, December 20, 2022:</b></p><h2><b>Nike</b> (NKE)</h2><p>Nike shares rose as much as 12% late Tuesday after the company&#39;s second quarter revenue came in above expectations.</p><p>The sports apparel giant&#39;s revenue grew 17% year-over-year to $13.32 billion against expectations for $12.6 billion. Adjusted earnings per share came in at 44 cents, below Wall Street consensus estimates for 60 cents.</p><p>Inventories of $9.3 billion were up 43% year-over-year. Price cuts to get rid of excess inventory impacted profitability. Nike&#39;s gross margin fell by 300 basis points to 42.9%, though it beat Wall Street estimates of 41.1%.</p><h2><b>FedEx</b> (FDX)</h2><p>FedEx shares were up more than 3.5% in extended trading after announcing more aggressive cost saving efforts.</p><p>The company said it has identified an additional $1 billion in savings beyond the forecast it gave in September as part of its &#34;ongoing transformation while navigating a weaker demand environment,&#34; said CEO Raj Subramaniam.</p><p>In September, FedEx&#39;s stock cratered 21% in one session after its results showed an 11% year-over-year decline in global package and freight volume. The company laid out the bold cost cutting plan in response.</p><p>FedEx did offer full-year profit guidance of $13-14 per share, which missed Wall Street expectations for $14.14. The package delivery company posted second quarter adjusted earnings per share of $3.18 versus $2.80 expected by analysts.</p><h2><b>Workday</b></h2><p>An executive shakeup at Workday is sending the stock lower about 2% in after-hours. The cloud-based software vendor announced Chano Fernandez has stepped down as co-CEO. Carl Eschenbach has been appointed to the position effective immediately.</p><p>Eschenbach will lead alongside co-CEO Aneel Bhusri through January 2024. At that time, Eschenbach will become the sole CEO and Aneel will move into a full-time position as executive chair of the board.</p><p>Year-to-date Workday is down 34%.</p></body></html>","source":"yahoofinance_sg","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Moving After Hours: Nike, FedEx, Workday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Moving After Hours: Nike, FedEx, Workday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-21 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stocks-moving-after-hours-nike-fed-ex-workday-230914207.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These are the stocks moving after the bell on Tuesday, December 20, 2022:Nike (NKE)Nike shares rose as much as 12% late Tuesday after the company's second quarter revenue came in above expectations....</p>\n\n<a href=\"https://finance.yahoo.com/news/stocks-moving-after-hours-nike-fed-ex-workday-230914207.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克","FDX":"联邦快递","WDAY":"Workday"},"source_url":"https://finance.yahoo.com/news/stocks-moving-after-hours-nike-fed-ex-workday-230914207.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293414369","content_text":"These are the stocks moving after the bell on Tuesday, December 20, 2022:Nike (NKE)Nike shares rose as much as 12% late Tuesday after the company's second quarter revenue came in above expectations.The sports apparel giant's revenue grew 17% year-over-year to $13.32 billion against expectations for $12.6 billion. Adjusted earnings per share came in at 44 cents, below Wall Street consensus estimates for 60 cents.Inventories of $9.3 billion were up 43% year-over-year. Price cuts to get rid of excess inventory impacted profitability. Nike's gross margin fell by 300 basis points to 42.9%, though it beat Wall Street estimates of 41.1%.FedEx (FDX)FedEx shares were up more than 3.5% in extended trading after announcing more aggressive cost saving efforts.The company said it has identified an additional $1 billion in savings beyond the forecast it gave in September as part of its \"ongoing transformation while navigating a weaker demand environment,\" said CEO Raj Subramaniam.In September, FedEx's stock cratered 21% in one session after its results showed an 11% year-over-year decline in global package and freight volume. The company laid out the bold cost cutting plan in response.FedEx did offer full-year profit guidance of $13-14 per share, which missed Wall Street expectations for $14.14. The package delivery company posted second quarter adjusted earnings per share of $3.18 versus $2.80 expected by analysts.WorkdayAn executive shakeup at Workday is sending the stock lower about 2% in after-hours. The cloud-based software vendor announced Chano Fernandez has stepped down as co-CEO. Carl Eschenbach has been appointed to the position effective immediately.Eschenbach will lead alongside co-CEO Aneel Bhusri through January 2024. At that time, Eschenbach will become the sole CEO and Aneel will move into a full-time position as executive chair of the board.Year-to-date Workday is down 34%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9926854060,"gmtCreate":1671517521851,"gmtModify":1676538549381,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088125554959510","authorIdStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9926854060","repostId":"2292879080","repostType":4,"repost":{"id":"2292879080","kind":"highlight","pubTimestamp":1671515998,"share":"https://ttm.financial/m/news/2292879080?lang=&edition=fundamental","pubTime":"2022-12-20 13:59","market":"us","language":"en","title":"Apple: The Perfect Christmas Gift For Our Son","url":"https://stock-news.laohu8.com/highlight/detail?id=2292879080","media":"Seekingalpha","summary":"ThesisDepending on your love (or the lack of) for shopping, searching for the perfect Christmas gift","content":"<html><head></head><body><h2>Thesis</h2><p>Depending on your love (or the lack of) for shopping, searching for the perfect Christmas gifts can range from an enjoyable relaxation to a source of agony. In our son’s case this year, our job is made easier. We (wife, son, and myself) all agreed on a few extra shares of Apple Inc. (NASDAQ:AAPL) into his Uniform Transfers To Minors (“UTMA”) account (in addition to a pair of Nike shoes, of course).</p><p>Thanks to the recent market volatilities, AAPL is now for sale at 21.7x forward P/E ratio (or about 22x P/E) as seen below. It is not only near the bottom level in about 3 years (as you can see from the following chart) but also near what I call the no-brainer level for high-quality compounders like AAPL, as explained in my earlier article, because:</p><blockquote><i>To me, any P/E 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 ~20x P/E would </i><i><b>at least provide</b></i><i> 5% of earnings yield </i><i><b>in AAPL’s case</b></i><i>, leading to a total return in the double digits. </i></blockquote><p>In the remainder of this article, I will elaborate on two details (both highlighted above) that many readers asked about: A) why I said a 20x P/E ratio provides “at least” 5% of earnings yield; and B) why I mentioned “in AAPL’s case” also. Shouldn’t a 20x P/E ratio ALWAYS provide a 5% earnings yield (because 1/20 = 5%)?</p><p>The answer lies in the difference between accounting earnings and owners&#39; earnings. For most businesses, accounting earnings and owners&#39; earnings are different, and the discrepancy can be quite large. As a result, the true owners&#39; earnings yield can be very different from the inverse of the P/E ratio (which is often based on accounting earnings). And next, we will see that in AAPL’s case, the accounting EPS underestimates its owners&#39; earnings. And hence, its true earning yield is better than what’s on the surface.</p><p><img src=\"https://static.tigerbbs.com/ec887906d387f378d7a098b2ba15e1ba\" tg-width=\"640\" tg-height=\"414\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><h2>AAPL and our UTMA</h2><p>Let’s first take a look at quick look at our holdings in our UTMA account. The general information about the UTMA account has been detailed in our blog article here. Key motivations in our case included: the tax advantages, seed funds for our kid, and also an account to seek long-term growth. Our current holdings are shown below (first chart below) together with their performances (second chart below). A few notes:</p><blockquote><ol><li><i>For performance tracing purposes, I used the prices on July 11, 2022 (the date I first published this portfolio) on SA as the entry price. So, it&#39;s easier for readers to verify and track its performance. </i></li><li><i>Our actual portfolio size is substantially smaller. The $100k starting size used here is just to simplify the math. </i></li></ol></blockquote><p>As seen, AAPL currently represents about 15% of our total assets in this account. It suffered a price loss of 6.9% since July 11. As seen in the second chart, the UTMA account has always outperformed the S&amp;P 500 index (approximated by the SPY ETF) despite (probably because of) the concentrated holding of 6 stocks. The account is leading the market by a margin of 3.3%.</p><p><img src=\"https://static.tigerbbs.com/5880dd68179bd4b3ad8c9740ec986d40\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"/></p><p>Source: Author based on Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/d606d4ab0beb63c0831d667d56c780d1\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>AAPL’s account EPS underestimates its owners’ earning</h2><p>Now, let’s examine AAPL’s owner earnings (“OE”) more closely and see why it is higher than its accounting EPS. And the final results are summarized in the table below. As seen, at the price as of this writing ($134.5), AAPL’s accounting EPS for 2022 is about $6.11 and $6.25 for FY1, resulting in a P/E of 22x and FW P/E of 21.5x. Note my FW EPS projection is a bit higher than SA’s, hence the FW P/E of 21.5x is slightly lower than the 21.7x provided by SA above. However, in terms of OE, the P/E is only 18.7x and 18.4x on an FW basis. And if you further adjust the cash position on its ledger, the P/E further shrank to 18.4x for 2022 and 18.0x on an FW basis, hence providing more than 5% of owners earning yield as aforementioned. An 18x P/E translates into an annual owner-earning yield of 5.55%.</p><p>The key difference between the OE and the accounting EPS lies in the CAPEX expenses. The CAPEX includes both the maintenance CAPEX (which is a cost and should be subtracted) and the growth CAPEX (which is not a cost and shouldn’t be deducted).</p><p>My analysis shown in the table below is a delineation of AAPL’s maintenance CAPEX and growth CAPEX using Bruce Greenwald’s method. More details of this method can be found in our earlier article or in Greenwald’s (Value Investing). In the end, AAPL’s OE is about $7.18 per share for 2022 and $7.33 for FY1, both higher than its accounting EPS.</p><p>Note that the so-called FCF/EPS ratio provides a shortcut in many cases. You can often tell if the OE is larger or smaller than the accounting EPS by simply calculating the FCF/EPS ratio. In Apple&#39;s case, as you can see, the FCF/EPS ratio is 113%, higher than 100%. And bear in mind that the FCF already underestimates the true OE, because, in the calculation of the FCF, ALL the CAPEX is deducted. So, in the end, the EPS must underestimate its true OE even more than the FCF.</p><p><img src=\"https://static.tigerbbs.com/f3acc919777d0e2f735bafb73fdfaef0\" tg-width=\"640\" tg-height=\"322\" referrerpolicy=\"no-referrer\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>Total expected returns</h2><p>To recap, at its current price, its P/E on OE basis is around 18x, translating into an owner-earning yield (“OEY”) of ~5.5% as aforementioned. As detailed in my earlier articles, the ROCE (return on capital employed) of AAPL is on average 100% in recent years. As a result, even a 5% investment rate would provide 5% organic real growth rates (100% ROCE * 5% reinvestment rate = 5% organic growth rate).</p><p>Combining the OEY and growth, the total return is expected to be earlier in the double digits, far exceeding that of the overall market. The S&amp;P 500 is currently trading at ~20x P/E ratio, resulting in an OEY of about 5%. And its ROCE is ~20% or so. Thus, assuming the same 5% reinvestment rate, its growth rate would be about 1%, resulting in a total return of ~6% only.</p><p>If the reinvestment rate is higher than 5% (e.g., due to acquisition opportunities or new initiatives), the outperformance from AAPL over the general market would be even more dramatic, again as illustrated in the chart below.</p><p><img src=\"https://static.tigerbbs.com/12f83b07d46a76cda27f01477e278bf6\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"/></p><p>Source: Author based on Seeking Alpha data</p><h2>Risks and final thoughts</h2><p>There are both upside and downside risks to my above analysis. My analysis is more focused on the AMOUNT of the earnings and neglected the QUALITY of the earnings. When the quality of the earnings is adjusted, the investment is even more appealing. The company has displayed remarkable resilience in the face of the difficult operating backdrop. Meanwhile, its services-related revenues should continue to advance, making its income even more diversified and recurring. Of course, for downside risks, the company is facing many macroeconomic and operational uncertainties. The uncertainties include the drag from foreign exchange rates, supply constraints, and the fluid COVID situation. Its bottom line is facing some pressure due to rising costs, as well as COVID-19-related lockdowns in China, a key end market, and also a production site for AAPL.</p><p>Altogether, AAPL is now in a no-brainer zone for me. Any P/E ratio below 20x with AAPL’s ROCE is very likely to generate double-digit annual returns in the long term combining the earnings yield and the growth rate. In AAPL’s case, its accounting EPS underestimates its owners&#39; earnings substantially. And hence, its true earning yield is better than what’s on the surface. To wit, in terms of OE, AAPL’s current FW P/E is 18.4x. After adjusting the cash position, the P/E becomes 18.0x only, translating into an OE yield of 5.5%. In terms of growth, a 5% reinvestment rate would provide 5% organic growth rates and lead to a total return exceeding 10% per annum.</p><p>Merry Christmas!</p></body></html>","source":"seekingalpha_fund","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: The Perfect Christmas Gift For Our Son</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: The Perfect Christmas Gift For Our Son\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-20 13:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4565317-apple-the-perfect-christmas-gift-for-our-son><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ThesisDepending on your love (or the lack of) for shopping, searching for the perfect Christmas gifts can range from an enjoyable relaxation to a source of agony. In our son’s case this year, our job ...</p>\n\n<a href=\"https://seekingalpha.com/article/4565317-apple-the-perfect-christmas-gift-for-our-son\">Web 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/4565317-apple-the-perfect-christmas-gift-for-our-son","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2292879080","content_text":"ThesisDepending on your love (or the lack of) for shopping, searching for the perfect Christmas gifts can range from an enjoyable relaxation to a source of agony. In our son’s case this year, our job is made easier. We (wife, son, and myself) all agreed on a few extra shares of Apple Inc. (NASDAQ:AAPL) into his Uniform Transfers To Minors (“UTMA”) account (in addition to a pair of Nike shoes, of course).Thanks to the recent market volatilities, AAPL is now for sale at 21.7x forward P/E ratio (or about 22x P/E) as seen below. It is not only near the bottom level in about 3 years (as you can see from the following chart) but also near what I call the no-brainer level for high-quality compounders like AAPL, as explained in my earlier article, because:To me, any P/E 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 ~20x P/E would at least provide 5% of earnings yield in AAPL’s case, leading to a total return in the double digits. In the remainder of this article, I will elaborate on two details (both highlighted above) that many readers asked about: A) why I said a 20x P/E ratio provides “at least” 5% of earnings yield; and B) why I mentioned “in AAPL’s case” also. Shouldn’t a 20x P/E ratio ALWAYS provide a 5% earnings yield (because 1/20 = 5%)?The answer lies in the difference between accounting earnings and owners' earnings. For most businesses, accounting earnings and owners' earnings are different, and the discrepancy can be quite large. As a result, the true owners' earnings yield can be very different from the inverse of the P/E ratio (which is often based on accounting earnings). And next, we will see that in AAPL’s case, the accounting EPS underestimates its owners' earnings. And hence, its true earning yield is better than what’s on the surface.Source: Seeking Alpha dataAAPL and our UTMALet’s first take a look at quick look at our holdings in our UTMA account. The general information about the UTMA account has been detailed in our blog article here. Key motivations in our case included: the tax advantages, seed funds for our kid, and also an account to seek long-term growth. Our current holdings are shown below (first chart below) together with their performances (second chart below). A few notes:For performance tracing purposes, I used the prices on July 11, 2022 (the date I first published this portfolio) on SA as the entry price. So, it's easier for readers to verify and track its performance. Our actual portfolio size is substantially smaller. The $100k starting size used here is just to simplify the math. As seen, AAPL currently represents about 15% of our total assets in this account. It suffered a price loss of 6.9% since July 11. As seen in the second chart, the UTMA account has always outperformed the S&P 500 index (approximated by the SPY ETF) despite (probably because of) the concentrated holding of 6 stocks. The account is leading the market by a margin of 3.3%.Source: Author based on Seeking Alpha dataSource: Author based on Seeking Alpha dataAAPL’s account EPS underestimates its owners’ earningNow, let’s examine AAPL’s owner earnings (“OE”) more closely and see why it is higher than its accounting EPS. And the final results are summarized in the table below. As seen, at the price as of this writing ($134.5), AAPL’s accounting EPS for 2022 is about $6.11 and $6.25 for FY1, resulting in a P/E of 22x and FW P/E of 21.5x. Note my FW EPS projection is a bit higher than SA’s, hence the FW P/E of 21.5x is slightly lower than the 21.7x provided by SA above. However, in terms of OE, the P/E is only 18.7x and 18.4x on an FW basis. And if you further adjust the cash position on its ledger, the P/E further shrank to 18.4x for 2022 and 18.0x on an FW basis, hence providing more than 5% of owners earning yield as aforementioned. An 18x P/E translates into an annual owner-earning yield of 5.55%.The key difference between the OE and the accounting EPS lies in the CAPEX expenses. The CAPEX includes both the maintenance CAPEX (which is a cost and should be subtracted) and the growth CAPEX (which is not a cost and shouldn’t be deducted).My analysis shown in the table below is a delineation of AAPL’s maintenance CAPEX and growth CAPEX using Bruce Greenwald’s method. More details of this method can be found in our earlier article or in Greenwald’s (Value Investing). In the end, AAPL’s OE is about $7.18 per share for 2022 and $7.33 for FY1, both higher than its accounting EPS.Note that the so-called FCF/EPS ratio provides a shortcut in many cases. You can often tell if the OE is larger or smaller than the accounting EPS by simply calculating the FCF/EPS ratio. In Apple's case, as you can see, the FCF/EPS ratio is 113%, higher than 100%. And bear in mind that the FCF already underestimates the true OE, because, in the calculation of the FCF, ALL the CAPEX is deducted. So, in the end, the EPS must underestimate its true OE even more than the FCF.Source: Author based on Seeking Alpha dataTotal expected returnsTo recap, at its current price, its P/E on OE basis is around 18x, translating into an owner-earning yield (“OEY”) of ~5.5% as aforementioned. As detailed in my earlier articles, the ROCE (return on capital employed) of AAPL is on average 100% in recent years. As a result, even a 5% investment rate would provide 5% organic real growth rates (100% ROCE * 5% reinvestment rate = 5% organic growth rate).Combining the OEY and growth, the total return is expected to be earlier in the double digits, far exceeding that of the overall market. The S&P 500 is currently trading at ~20x P/E ratio, resulting in an OEY of about 5%. And its ROCE is ~20% or so. Thus, assuming the same 5% reinvestment rate, its growth rate would be about 1%, resulting in a total return of ~6% only.If the reinvestment rate is higher than 5% (e.g., due to acquisition opportunities or new initiatives), the outperformance from AAPL over the general market would be even more dramatic, again as illustrated in the chart below.Source: Author based on Seeking Alpha dataRisks and final thoughtsThere are both upside and downside risks to my above analysis. My analysis is more focused on the AMOUNT of the earnings and neglected the QUALITY of the earnings. When the quality of the earnings is adjusted, the investment is even more appealing. The company has displayed remarkable resilience in the face of the difficult operating backdrop. Meanwhile, its services-related revenues should continue to advance, making its income even more diversified and recurring. Of course, for downside risks, the company is facing many macroeconomic and operational uncertainties. The uncertainties include the drag from foreign exchange rates, supply constraints, and the fluid COVID situation. Its bottom line is facing some pressure due to rising costs, as well as COVID-19-related lockdowns in China, a key end market, and also a production site for AAPL.Altogether, AAPL is now in a no-brainer zone for me. Any P/E ratio below 20x with AAPL’s ROCE is very likely to generate double-digit annual returns in the long term combining the earnings yield and the growth rate. In AAPL’s case, its accounting EPS underestimates its owners' earnings substantially. And hence, its true earning yield is better than what’s on the surface. To wit, in terms of OE, AAPL’s current FW P/E is 18.4x. After adjusting the cash position, the P/E becomes 18.0x only, translating into an OE yield of 5.5%. In terms of growth, a 5% reinvestment rate would provide 5% organic growth rates and lead to a total return exceeding 10% per annum.Merry Christmas!","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9928034190,"gmtCreate":1671149135411,"gmtModify":1676538498688,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9928034190","repostId":"2291168016","repostType":4,"isVote":1,"tweetType":1,"viewCount":67,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950584375,"gmtCreate":1672790559598,"gmtModify":1676538736998,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9950584375","repostId":"1157476445","repostType":4,"isVote":1,"tweetType":1,"viewCount":1136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959997753,"gmtCreate":1672876414972,"gmtModify":1676538751254,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959997753","repostId":"2301405863","repostType":4,"repost":{"id":"2301405863","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":1672872942,"share":"https://ttm.financial/m/news/2301405863?lang=&edition=fundamental","pubTime":"2023-01-05 06:55","market":"us","language":"en","title":"US STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2301405863","media":"Reuters","summary":"(Reuters) - The S&P 500 finished higher on Wednesday but below its session peak after volatile tradi","content":"<html><head></head><body><p>(Reuters) - The S&amp;P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve&#39;s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.</p><p>Officials at the Fed&#39;s Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.</p><p>Investors were poring over the Fed&#39;s internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.</p><p>While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.</p><p>&#34;The market is like a kid asking for ice cream. The parents say &#39;no,&#39; but the market keeps asking because the parents have caved in the past,&#34; said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. &#34;The market still thinks it&#39;s going to get ice cream, just not as soon as they thought before.&#34;</p><p>McKinney pointed to the minutes for evidence of Fed officials&#39; concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.</p><p>The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&amp;P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.</p><p>The S&amp;P&#39;s rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.</p><p>Energy was the weakest of the S&amp;P&#39;s 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.</p><p>Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.</p><p>&#34;The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,&#34; said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.</p><p>&#34;Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”</p><p>Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..</p><p>Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.</p><p>U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.</p><p>On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to &#34;neutral&#34; from a &#34;buy&#34; rating.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.</p><p>On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.</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 Closes Higher After Fed Minutes Confirm Inflation 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\">\nUS STOCKS-S&P Closes Higher After Fed Minutes Confirm Inflation Focus\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\">2023-01-05 06:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - The S&amp;P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve&#39;s last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.</p><p>Officials at the Fed&#39;s Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.</p><p>Investors were poring over the Fed&#39;s internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.</p><p>While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.</p><p>&#34;The market is like a kid asking for ice cream. The parents say &#39;no,&#39; but the market keeps asking because the parents have caved in the past,&#34; said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. &#34;The market still thinks it&#39;s going to get ice cream, just not as soon as they thought before.&#34;</p><p>McKinney pointed to the minutes for evidence of Fed officials&#39; concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.</p><p>The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&amp;P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.</p><p>The S&amp;P&#39;s rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.</p><p>Energy was the weakest of the S&amp;P&#39;s 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.</p><p>Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.</p><p>&#34;The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,&#34; said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.</p><p>&#34;Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”</p><p>Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..</p><p>Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.</p><p>U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.</p><p>On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to &#34;neutral&#34; from a &#34;buy&#34; rating.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.</p><p>On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COMP":"Compass, Inc.",".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":"2301405863","content_text":"(Reuters) - The S&P 500 finished higher on Wednesday but below its session peak after volatile trading following the release of minutes from the Federal Reserve's last meeting, which showed officials laser-focused on controlling inflation even as they agreed to slow their interest rate hiking pace.Officials at the Fed's Dec. 13-14 policy meeting agreed the U.S. central bank should continue increasing the cost of credit to control the pace of price increases, but in a gradual way intended to limit the risks to economic growth.Investors were poring over the Fed's internal deliberations for clues about its future path. After the meeting, Fed Chair Jerome Powell had said more hikes were needed, and took a more hawkish tone than investors had expected back then.While some money managers said the minutes included no surprises, the market appeared to have been holding onto hopes for some sign that the Fed was at least considering easing its policy tightening.\"The market is like a kid asking for ice cream. The parents say 'no,' but the market keeps asking because the parents have caved in the past,\" said Burns McKinney, portfolio manager at NFJ Investment Group LLC in Dallas. \"The market still thinks it's going to get ice cream, just not as soon as they thought before.\"McKinney pointed to the minutes for evidence of Fed officials' concern that an unwarranted easing of financial conditions would complicate their efforts to fight inflation.The Dow Jones Industrial Average rose 133.4 points, or 0.4%, to 33,269.77; the S&P 500 gained 28.83 points, or 0.75%, to 3,852.97; and the Nasdaq Composite added 71.78 points, or 0.69%, to 10,458.76.The S&P's rate-sensitive technology index lost some ground after the minutes before finishing up 0.26%. Even the bank sector, which benefits from higher rates, pared gains but still finished up 1.9%.Energy was the weakest of the S&P's 11 major industry sectors, closing up 0.06%, while real estate was the strongest, closed up 2.3%, followed by a 1.7% gain in materials.Also on Wednesday, Minneapolis Fed President Neel Kashkari also stressed the need for continued rate hikes, setting out his own forecast that the policy rate should initially pause at 5.4%.\"The Fed minutes are a good reminder for investors to expect rates to remain high throughout all of 2023. Amid a persistently strong job market, it makes sense that fighting inflation remains the name of the game for the Fed,\" said Mike Loewengart, head of model portfolio construction at Morgan Stanley Global Investment Office in New York.\"Bottom line is that, even though we flipped the calendar, the market headwinds from last year remain.”Market participants now see a 68.8% chance of a 25 basis points rate hike from the Fed in February, but still see rates peaking just below 5% by June..Earlier in the day, data showed U.S. job openings in November indicating a tight labor market, giving the Fed cover to stick to its monetary tightening campaign for longer, while other data showed manufacturing contracted further in December.U.S. equities were pummeled in 2022 on worries of a recession due to aggressive monetary policy tightening, with the three main stock indexes logging their steepest annual losses since 2008.On the Nasdaq 100 the largest gainer was U.S. shares of JD.Com Inc, which rose 14.7% on hopes for a post-COVID-19 recovery in China. The largest decliner was Microsoft, down 4.4% after a UBS analyst downgraded the stock to \"neutral\" from a \"buy\" rating.Advancing issues outnumbered declining ones on the NYSE by a 4.30-to-1 ratio; on Nasdaq, a 2.74-to-1 ratio favored advancers.The S&P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 51 new lows.On U.S. exchanges 11.35 billion shares changed hands, compared with the 10.83 billion-share average for the last 20 trading days, which included some volume weakness due to the holidays.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1058,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9967775963,"gmtCreate":1670384382853,"gmtModify":1676538357899,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9967775963","repostId":"1122736605","repostType":4,"repost":{"id":"1122736605","kind":"news","pubTimestamp":1670383031,"share":"https://ttm.financial/m/news/1122736605?lang=&edition=fundamental","pubTime":"2022-12-07 11:17","market":"us","language":"en","title":"NIO And BYD Are Converging","url":"https://stock-news.laohu8.com/highlight/detail?id=1122736605","media":"Seeking Alpha","summary":"SummaryNIO Inc. and BYD Company Limited are essentially tales of their own, with one being an EV-pur","content":"<html><head></head><body><h2>Summary</h2><ul><li>NIO Inc. and BYD Company Limited are essentially tales of their own, with one being an EV-pureplay upstart, and the other a legacy ICE-turned-electric automaker with dibs across the auto supply chain.</li><li>Yet, their paths may be converging as China&#39;s EV market opportunities grow.</li><li>The following analysis will provide an overview of how NIO and BYD&#39;s longer-term growth strategies are converging, discuss the risks and opportunities facing each, and gauge their respective valuation implications.</li></ul><p>While <a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a> and BYD Company Limited both started off on a different path when it comes to auto manufacturing, with one being an electric vehicle (“EV”) pureplay start-up and the other being a vertically integrated ICE-turned-electric legacy automaker, they now appear to be converging into each other’s turf as competition ramps up. Not long after NIO announced its intentions to break into the tier 3+ market across China to better serve mass market needs, BYD followed suit with two planned sub-brands to penetrate the premium electric passenger vehicle market.</p><p>Admittedly, BYD’s market share is substantially larger than NIO’s today – both at home and overseas – while also boasting better fundamentals, which would be supportive of its foray in the premium vehicle segment. Yet, NIO’s penetration into mass-market opportunities could also benefit by driving the volume of scale needed to support its breakeven timeline, which consensus projects to occur by or around mid-decade, while management expects to occur as soon as the third quarter of 2023.</p><p>The following analysis will go over both Chinese automakers’ respective market share expansion strategies via their planned sub-brands, and gauge the opportunity that exists for both as well as their implications on both stocks’ prospects.</p><h2><a href=\"https://laohu8.com/S/NIO\">NIO</a></h2><h3>Overview Of Sub-Brand Strategy</h3><p>NIO first announced plans for a mass market sub-brand in August 2021, which aligned with its longer-term strategy of building a greater presence in China’s smaller tier 3+ cities and further expand its share of the country’s fast-expanding EV market.</p><blockquote>As management had discussed during the second quarter, the sub-brand will aim to offer more affordably priced vehicles to drive higher mass-market appeal. The strategic move is expected to help NIO compete for higher market share, especially in the price segment of Tesla’s (TSLA) Model Y/3, while providing “much better service.” <i>Source: “Can NIO Stock Recover in 2022?”</i></blockquote><p>The sub-brand, currently expected to launch in 2024, is also expected to be more competitively priced, with vehicle MSRPs in the range of RMB 200,000 ($30,000) to RMB 300,000 ($44,000), taking on a broader cohort of mass market rivals including BYD. The sub-brand’s launch timeline also coincides with the start of production schedule for NIO’s first in-house 800-V battery packs, which would “enable longer ranges and faster charging” compared to general mass market offerings that are currently fitted with 400-V battery packs. NIO also boasts a competitive digital portfolio today that includes in-vehicle AI “NOMI,” “NAD” ADAS, and battery swapping technology that will likely be leveraged by its sub-brands either as an embedded or add-on feature to bolster profit margins. Paired with NIO’s recently launched NT 2.0 vehicle platform, which boasts higher profit margins than its predecessor, the company’s sub-brand products are likely well-positioned for attractive manufacturing economics, while also posing a technological appeal to the burgeoning EV market in China.</p><p>NIO likely has another sub-brand under the wraps as well that is speculated to involve offerings starting at RMB 100,000 ($15,000). This would put it in direct competition against SAIC-GM-Wuling, the current EV market leader in China that has captured the likes of budget-sensitive consumers in the tier 3+ markets with its “Hongguang Mini” priced at an impressive $5,000, and its newest “Baojun KiWi” priced at $11,000.</p><h3>The Opportunity</h3><p>China currently houses the largest share of the global EV market, accounting for more than half of global EV sales. EV sales in the country has already reached a penetration rate of more than 20% (or more than a quarter counting hybrid plug-ins), with adoption being most prominent in more affluent tier 1 and tier 2 cities like Shanghai and Beijing. The trends have favored NIO in recent years, as its share of premium EV sales across the tier 1 and tier 2 cities like Shanghai have steadily grown – as of last year, the company’s portfolio of electric premium SUVs grabbed a 23% share of the passenger vehicle market priced above RMB 350,000 ($50,000+) in China’s financial hub. With an expectation that consistent growth trends would spill into tier 3 and tier 4 cities over the longer-term, NIO management has made mass market penetration a key initiative in its growth plan, hence the planned sub-brands.</p><p>Thanks to favorable policy support from the central government, as well as improving range and increasing availability of public charging infrastructure across China, EV sales in the country are starting to gain momentum &#34;beyond the biggest cities.” Over the past two years, tier 2 and tier 3 cities saw the fastest growth in EV sales, from about 4.5% penetration in 2020 to more than 25% in the current year. Meanwhile, demand from tier 4+ cities with a population ranging from 500,000 to under 1 million have also started to pick-up, with EV sales penetration expanding from under 3.5% in 2020 to nearly 20% in the current year.</p><p>The remaining growth headroom observed pertaining to EV demand in tier 3+ cities are expected to bode favorably for NIO by the time its sub-brand rolls out in 2024. Between now and then, public charging infrastructure availability is expected to become more prominent in “smaller cities and towns” while “city-level policies that restrict the number of new license plates issues” start to ease in accordance to the nationwide mandate to support EV adoption and decarbonization, which would make strong tailwinds for NIO’s planned mass market offerings.</p><h3>Risks To Consider</h3><p>Yet, the Chinese EV landscape is also becoming increasingly competitive. And NIO is not the only EV pureplay looking to better capture global market share by expanding into mass market offerings. In addition to BYD and SAIC-GM-Wuling as mentioned in the earlier section, EV pureplay rivals like XPeng (XPEV) have also introduced models in the sub-$30,000 price range, while Tesla’s Model 3 remains a favorite with increasingly attractive pricing.</p><p>As discussed in a previous coverage on NIO, the company risks facing a pricing war in the near-term as competition ramps up, especially as consumer sentiment in the country wanes ahead of mounting macroeconomic uncertainties:</p><blockquote>Despite NIO’s in line 3Q22 sales, the drumbeat is growing louder on concerns over consumer weakness heading into the fourth quarter. COVID-induced mobility restrictions and production disruptions are hampering both supply and demand functions of the company’s profit and growth prospects, souring investors’ confidence in the stock. EV industry leader Tesla’s recent decision to pull the “pricing lever” in the region is also dialing up risks of a pricing war in China’s increasingly competitive EV market. <i>Source: “Is NIO Stock A Buy After Q3’22 Earnings? Keep Your Eyes On COVID Zero.”</i></blockquote><p>But the delayed roll-out of NIO’s mass market offering until 2024 could offer a time cushion for the company to better weather through the near-term industry-specific and macroeconomic headwinds. For one, supply chain constraints stemming from the pandemic and the Russia-Ukraine war – particularly on auto semiconductors – are already showing structural signs of easing. Meanwhile, China’s record-setting household savings of $1.8 trillion YTD, or household savings rate of 30%, accumulated as a pre-emptive measure against looming macroeconomic uncertainties today could also imply a better demand environment in 2024 when cyclical challenges ease. As such, the launch of NIO’s sub-brands scheduled for 2024 could come at an opportune time when the global macroeconomic outlook is expected to improve while the transition to electric continues to gain momentum, offsetting some of the demand risks stemming from increasing competition.</p><h2>Fundamental And Valuation Implications</h2><p>The anticipated growth prospects stemming from NIO’s penetration in mass market opportunities with its planned sub-brands are not going to come at a cheap price. Auto manufacturing is one of the most capital-intensive endeavors out there – especially for those that are vertically integrated.</p><p>Yet, NIO’s “semi-vertically integrated” manufacturing strategy, which involves in-house designed platforms (and ultimately, battery packs) and internal productions at its joint venture facility with Jianghuai Automobile Group (“JAC”) and partly municipal-owned facility at NeoPark, is expected to absorb some of the high ramp-up costs. The anticipated increase in demand for its mass market products is also expected to drive improved volumes to enable better economies of scale, especially if the company adopts a cross-brand platform-sharing strategy, which will likely fast-track its margin expansion trajectory towards and beyond breakeven by mid-decade.</p><p>However, given materialization of said anticipated profits bolstered by NIO’s mass market penetration strategy is still further out into the future, related upside potential may take more time to come into fruition, which inadvertently, means a higher investment risk. This is a particularly critical consideration in today’s market climate for Chinese equities, especially those that are not yet profitable like NIO, given uncertainties spanning regulatory, macroeconomic, and geopolitical challenges.</p><h2><a href=\"https://laohu8.com/S/BYDDY\">BYD</a></h2><h3>Overview Of Sub-Brand Strategy</h3><p>Differing from NIO, BYD is already an established automaker with a sprawling presence across China’s passenger vehicle market (and to a smaller extent, the global commercial vehicle market). Having just transitioned completely from the sale of ICE models to only new energy vehicles including hybrid plug-ins earlier this year, BYD has already taken China’s EV market by storm, with monthly sales by unit consistently exceeding six figures and setting new records. It is also one of the few legacy automakers that have managed to penetrate the burgeoning EV market at a profitable rate within a short period.</p><p>Known for its prowess in the mass market vehicle segment, the legacy Chinese automaker is now planning its debut in the premium EV segment in early 2023 via its first sub-brand, “Yangwang” – a contrast to NIO’s longer-term growth strategy. The automaker is slated to debut a premium off-road electric SUV, dubbed the “R1,” as its first product under the Yangwang sub-brand, which will be priced in the RMB 800,000 to RMB 1.5 million range ($110,300 to $200,000+). Similar to BYD’s current new energy offerings, the Yangwang R1 will be offered in a battery-electric (“BEV”) powertrain and plug-in hybrid (“PHEV”) power-train capable of up to 650 hp, with a five- and seven-seater option, and be the “most expensive BYD ever.”</p><p>The company has also recently announced intentions of another new brand that “specializes in professional and personalized identifies” as it looks to “build up its brand matrix” and better penetrate overseas opportunities across Asia, Europe, Latin America and other markets. Although details on the second sub-brand remain limited, it will likely complement Yangwang and help usher BYD into China’s “luxury SUV and sports car markets…[which] are the two most profitable vehicle segments [that it] does not have exposure to” yet. Given BYD is already profitable, the higher-priced premium offerings will likely further reinforce its margin expansion trajectory into the longer-term, and bolster its competitive advantage against premium rivals in the market.</p><h3>The Opportunity</h3><p>While EV penetration in the more affluent tier 1 and tier 2 cities across China is substantially higher than in smaller cities where lower-priced mass market offerings take a precedent appeal, there is still significant growth headroom remaining in the premium EV segment for BYD. As mentioned in the earlier section, EV penetration in Shanghai already exceeds 50%, while in the broader tier 1 and tier 2 cities it averages more than 36%. Plug-in hybrid SUVs are also of greater appeal, accounting for close to a quarter of China’s new passenger vehicle sales today, while remaining the fastest-growing EV segment, which makes strong tailwinds for BYD’s upcoming Yangwang R1 debut (recall that the R1 comes in both the BEV and PHEV powertrain).</p><p>Market participants also anticipate BYD’s upcoming sub-brands to produce “the kind of EVs fit for the U.S., a market BYD has yet to enter.” This fits with BYD’s overseas aspirations for its passenger EV business over the longer-term, and would be a favorable complement to its existing presence in North America via its commercial EV sales. The U.S. EV market is expected to see a meaningful increase in adoption rates over coming years, thanks to favorable policy support like the latest “Inflation Reduction Act” (“IRA”), as well as broader improvements to EV battery technologies and range capabilities. Specifically, U.S. EV demand is expected to expand at a five-year CAGR of 28% through 2026, with further acceleration into the second half of the decade. Paired with a similar growth outlook in Canada (though at a comparatively nominal volume on a unit basis), Yangwang and other sub-brand offerings could potentially become an overseas share gainer for BYD.</p><h3>Risks To Consider</h3><p>While competition comes to mind as a top risk for automakers, BYD’s reputation as a quality mass market vehicle manufacturer could alleviate some of the said challenges. This is further corroborated by BYD’s pricing power with continued market share gains despite a recent decision to increase its vehicle MSRPs, as opposed to price cuts implemented by Tesla in an attempt to shore up demand.</p><p>Instead, a key concern is BYD’s lack of presence in cutting-edge technological competencies, which premium EVs offered by NIO and Tesla tend to use as key selling points:</p><blockquote>What BYD lacks that others have is more of a digital DNA…BYD is still a hardware company. As good as it is assembling an EV profitably at scale, it hasn’t proven itself to be a tech-driven software-defined technology company. Source: Bloomberg</blockquote><p>While BYD intends for Yangwang to “build a high-end brand with disruptive technologies and products,” there has yet to be any details pertaining to the R1 that would differentiate the premium electric SUV from a digital aspect. Aside from potential ADAS features (which are pretty much standard across premium offerings at this point) speculated from BYD-released images that show the vehicle’s integration of LiDAR sensors, the company has yet to release much information about the vehicle’s performance, range capability, nor technological features. While BYD’s robust balance sheet could fund the development of software capabilities required for differentiation against competing premium offerings, relate innovations would take time to materialize, risking a costly catch-up game in the concentrated premium EV market.</p><h2>Fundamental And Valuation Implications</h2><p>In contrast to NIO, BYD is already a profitable company, with margins set for continued expansion as production ramps up on both its existing and upcoming vehicle models. And as mentioned in the earlier section, BYD’s upcoming foray in China’s premium electric SUV market would be beneficial to its bottom-line given said products would be priced higher to offset near-term ramp-up costs, with greater demand in the lucrative vehicle segment expected to support longer-term margin expansion through scale. With related operating cash flow generation realizable in the immediate term, BYD is also less vulnerable to the investment risks facing NIO as discussed in the earlier section.</p><p>The stock is currently trading at a significant discount of 1.4x forward EV/sales compared to an average of about 4.1x among U.S. counterparts and 1.7x among Chinese EV start-ups. Given its profitable growth prospects both within the immediate- and over the longer-term, BYD makes a reasonable investment at current levels. But like all Chinese equities, BYD faces a slew of risks specific to the cohort, including China’s macroeconomic uncertainties (e.g., property slump, COVID Zero impacts, etc.) and regulatory challenges. Although BYD’s robust balance sheet has made its valuation relatively less vulnerable to the years-long selloff in Chinese equities, existing and potential investors in the stock should remain aware and not overlook said risks.</p><h2>Final Thoughts</h2><p>Based on the foregoing analysis on NIO and BYD’s longer-term market share expansion strategies, both legacy and start-up Chinese EV makers alike show favorable growth prospects as the global transition to electric continues. While converging strategies will likely introduce further competition within the already highly concentrated EV landscape in China, significant opportunities remain across all vehicle and pricing segments, underscoring the still-nascent nature of the EV industry.</p><p>With NIO being an EV upstart that has already established a reputation for making quality and innovative EVs, and BYD being a legacy automaker that has proven a profitable transition to electric is possible, both companies are well-positioned for further market share gains within and beyond the Chinese EV market. This would accordingly support favorable long-term upside potential for both stocks from current levels, especially BYD which boasts better immediate and future fundamental prospects, though macroeconomic, geopolitical, and regulatory risks will remain an overhang on their performance.</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>NIO And BYD Are Converging</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\">\nNIO And BYD Are Converging\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-07 11:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4562669-nio-and-byd-are-converging><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNIO Inc. and BYD Company Limited are essentially tales of their own, with one being an EV-pureplay upstart, and the other a legacy ICE-turned-electric automaker with dibs across the auto supply...</p>\n\n<a href=\"https://seekingalpha.com/article/4562669-nio-and-byd-are-converging\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","BYDDY":"比亚迪ADR","002594":"比亚迪"},"source_url":"https://seekingalpha.com/article/4562669-nio-and-byd-are-converging","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122736605","content_text":"SummaryNIO Inc. and BYD Company Limited are essentially tales of their own, with one being an EV-pureplay upstart, and the other a legacy ICE-turned-electric automaker with dibs across the auto supply chain.Yet, their paths may be converging as China's EV market opportunities grow.The following analysis will provide an overview of how NIO and BYD's longer-term growth strategies are converging, discuss the risks and opportunities facing each, and gauge their respective valuation implications.While NIO Inc. and BYD Company Limited both started off on a different path when it comes to auto manufacturing, with one being an electric vehicle (“EV”) pureplay start-up and the other being a vertically integrated ICE-turned-electric legacy automaker, they now appear to be converging into each other’s turf as competition ramps up. Not long after NIO announced its intentions to break into the tier 3+ market across China to better serve mass market needs, BYD followed suit with two planned sub-brands to penetrate the premium electric passenger vehicle market.Admittedly, BYD’s market share is substantially larger than NIO’s today – both at home and overseas – while also boasting better fundamentals, which would be supportive of its foray in the premium vehicle segment. Yet, NIO’s penetration into mass-market opportunities could also benefit by driving the volume of scale needed to support its breakeven timeline, which consensus projects to occur by or around mid-decade, while management expects to occur as soon as the third quarter of 2023.The following analysis will go over both Chinese automakers’ respective market share expansion strategies via their planned sub-brands, and gauge the opportunity that exists for both as well as their implications on both stocks’ prospects.NIOOverview Of Sub-Brand StrategyNIO first announced plans for a mass market sub-brand in August 2021, which aligned with its longer-term strategy of building a greater presence in China’s smaller tier 3+ cities and further expand its share of the country’s fast-expanding EV market.As management had discussed during the second quarter, the sub-brand will aim to offer more affordably priced vehicles to drive higher mass-market appeal. The strategic move is expected to help NIO compete for higher market share, especially in the price segment of Tesla’s (TSLA) Model Y/3, while providing “much better service.” Source: “Can NIO Stock Recover in 2022?”The sub-brand, currently expected to launch in 2024, is also expected to be more competitively priced, with vehicle MSRPs in the range of RMB 200,000 ($30,000) to RMB 300,000 ($44,000), taking on a broader cohort of mass market rivals including BYD. The sub-brand’s launch timeline also coincides with the start of production schedule for NIO’s first in-house 800-V battery packs, which would “enable longer ranges and faster charging” compared to general mass market offerings that are currently fitted with 400-V battery packs. NIO also boasts a competitive digital portfolio today that includes in-vehicle AI “NOMI,” “NAD” ADAS, and battery swapping technology that will likely be leveraged by its sub-brands either as an embedded or add-on feature to bolster profit margins. Paired with NIO’s recently launched NT 2.0 vehicle platform, which boasts higher profit margins than its predecessor, the company’s sub-brand products are likely well-positioned for attractive manufacturing economics, while also posing a technological appeal to the burgeoning EV market in China.NIO likely has another sub-brand under the wraps as well that is speculated to involve offerings starting at RMB 100,000 ($15,000). This would put it in direct competition against SAIC-GM-Wuling, the current EV market leader in China that has captured the likes of budget-sensitive consumers in the tier 3+ markets with its “Hongguang Mini” priced at an impressive $5,000, and its newest “Baojun KiWi” priced at $11,000.The OpportunityChina currently houses the largest share of the global EV market, accounting for more than half of global EV sales. EV sales in the country has already reached a penetration rate of more than 20% (or more than a quarter counting hybrid plug-ins), with adoption being most prominent in more affluent tier 1 and tier 2 cities like Shanghai and Beijing. The trends have favored NIO in recent years, as its share of premium EV sales across the tier 1 and tier 2 cities like Shanghai have steadily grown – as of last year, the company’s portfolio of electric premium SUVs grabbed a 23% share of the passenger vehicle market priced above RMB 350,000 ($50,000+) in China’s financial hub. With an expectation that consistent growth trends would spill into tier 3 and tier 4 cities over the longer-term, NIO management has made mass market penetration a key initiative in its growth plan, hence the planned sub-brands.Thanks to favorable policy support from the central government, as well as improving range and increasing availability of public charging infrastructure across China, EV sales in the country are starting to gain momentum \"beyond the biggest cities.” Over the past two years, tier 2 and tier 3 cities saw the fastest growth in EV sales, from about 4.5% penetration in 2020 to more than 25% in the current year. Meanwhile, demand from tier 4+ cities with a population ranging from 500,000 to under 1 million have also started to pick-up, with EV sales penetration expanding from under 3.5% in 2020 to nearly 20% in the current year.The remaining growth headroom observed pertaining to EV demand in tier 3+ cities are expected to bode favorably for NIO by the time its sub-brand rolls out in 2024. Between now and then, public charging infrastructure availability is expected to become more prominent in “smaller cities and towns” while “city-level policies that restrict the number of new license plates issues” start to ease in accordance to the nationwide mandate to support EV adoption and decarbonization, which would make strong tailwinds for NIO’s planned mass market offerings.Risks To ConsiderYet, the Chinese EV landscape is also becoming increasingly competitive. And NIO is not the only EV pureplay looking to better capture global market share by expanding into mass market offerings. In addition to BYD and SAIC-GM-Wuling as mentioned in the earlier section, EV pureplay rivals like XPeng (XPEV) have also introduced models in the sub-$30,000 price range, while Tesla’s Model 3 remains a favorite with increasingly attractive pricing.As discussed in a previous coverage on NIO, the company risks facing a pricing war in the near-term as competition ramps up, especially as consumer sentiment in the country wanes ahead of mounting macroeconomic uncertainties:Despite NIO’s in line 3Q22 sales, the drumbeat is growing louder on concerns over consumer weakness heading into the fourth quarter. COVID-induced mobility restrictions and production disruptions are hampering both supply and demand functions of the company’s profit and growth prospects, souring investors’ confidence in the stock. EV industry leader Tesla’s recent decision to pull the “pricing lever” in the region is also dialing up risks of a pricing war in China’s increasingly competitive EV market. Source: “Is NIO Stock A Buy After Q3’22 Earnings? Keep Your Eyes On COVID Zero.”But the delayed roll-out of NIO’s mass market offering until 2024 could offer a time cushion for the company to better weather through the near-term industry-specific and macroeconomic headwinds. For one, supply chain constraints stemming from the pandemic and the Russia-Ukraine war – particularly on auto semiconductors – are already showing structural signs of easing. Meanwhile, China’s record-setting household savings of $1.8 trillion YTD, or household savings rate of 30%, accumulated as a pre-emptive measure against looming macroeconomic uncertainties today could also imply a better demand environment in 2024 when cyclical challenges ease. As such, the launch of NIO’s sub-brands scheduled for 2024 could come at an opportune time when the global macroeconomic outlook is expected to improve while the transition to electric continues to gain momentum, offsetting some of the demand risks stemming from increasing competition.Fundamental And Valuation ImplicationsThe anticipated growth prospects stemming from NIO’s penetration in mass market opportunities with its planned sub-brands are not going to come at a cheap price. Auto manufacturing is one of the most capital-intensive endeavors out there – especially for those that are vertically integrated.Yet, NIO’s “semi-vertically integrated” manufacturing strategy, which involves in-house designed platforms (and ultimately, battery packs) and internal productions at its joint venture facility with Jianghuai Automobile Group (“JAC”) and partly municipal-owned facility at NeoPark, is expected to absorb some of the high ramp-up costs. The anticipated increase in demand for its mass market products is also expected to drive improved volumes to enable better economies of scale, especially if the company adopts a cross-brand platform-sharing strategy, which will likely fast-track its margin expansion trajectory towards and beyond breakeven by mid-decade.However, given materialization of said anticipated profits bolstered by NIO’s mass market penetration strategy is still further out into the future, related upside potential may take more time to come into fruition, which inadvertently, means a higher investment risk. This is a particularly critical consideration in today’s market climate for Chinese equities, especially those that are not yet profitable like NIO, given uncertainties spanning regulatory, macroeconomic, and geopolitical challenges.BYDOverview Of Sub-Brand StrategyDiffering from NIO, BYD is already an established automaker with a sprawling presence across China’s passenger vehicle market (and to a smaller extent, the global commercial vehicle market). Having just transitioned completely from the sale of ICE models to only new energy vehicles including hybrid plug-ins earlier this year, BYD has already taken China’s EV market by storm, with monthly sales by unit consistently exceeding six figures and setting new records. It is also one of the few legacy automakers that have managed to penetrate the burgeoning EV market at a profitable rate within a short period.Known for its prowess in the mass market vehicle segment, the legacy Chinese automaker is now planning its debut in the premium EV segment in early 2023 via its first sub-brand, “Yangwang” – a contrast to NIO’s longer-term growth strategy. The automaker is slated to debut a premium off-road electric SUV, dubbed the “R1,” as its first product under the Yangwang sub-brand, which will be priced in the RMB 800,000 to RMB 1.5 million range ($110,300 to $200,000+). Similar to BYD’s current new energy offerings, the Yangwang R1 will be offered in a battery-electric (“BEV”) powertrain and plug-in hybrid (“PHEV”) power-train capable of up to 650 hp, with a five- and seven-seater option, and be the “most expensive BYD ever.”The company has also recently announced intentions of another new brand that “specializes in professional and personalized identifies” as it looks to “build up its brand matrix” and better penetrate overseas opportunities across Asia, Europe, Latin America and other markets. Although details on the second sub-brand remain limited, it will likely complement Yangwang and help usher BYD into China’s “luxury SUV and sports car markets…[which] are the two most profitable vehicle segments [that it] does not have exposure to” yet. Given BYD is already profitable, the higher-priced premium offerings will likely further reinforce its margin expansion trajectory into the longer-term, and bolster its competitive advantage against premium rivals in the market.The OpportunityWhile EV penetration in the more affluent tier 1 and tier 2 cities across China is substantially higher than in smaller cities where lower-priced mass market offerings take a precedent appeal, there is still significant growth headroom remaining in the premium EV segment for BYD. As mentioned in the earlier section, EV penetration in Shanghai already exceeds 50%, while in the broader tier 1 and tier 2 cities it averages more than 36%. Plug-in hybrid SUVs are also of greater appeal, accounting for close to a quarter of China’s new passenger vehicle sales today, while remaining the fastest-growing EV segment, which makes strong tailwinds for BYD’s upcoming Yangwang R1 debut (recall that the R1 comes in both the BEV and PHEV powertrain).Market participants also anticipate BYD’s upcoming sub-brands to produce “the kind of EVs fit for the U.S., a market BYD has yet to enter.” This fits with BYD’s overseas aspirations for its passenger EV business over the longer-term, and would be a favorable complement to its existing presence in North America via its commercial EV sales. The U.S. EV market is expected to see a meaningful increase in adoption rates over coming years, thanks to favorable policy support like the latest “Inflation Reduction Act” (“IRA”), as well as broader improvements to EV battery technologies and range capabilities. Specifically, U.S. EV demand is expected to expand at a five-year CAGR of 28% through 2026, with further acceleration into the second half of the decade. Paired with a similar growth outlook in Canada (though at a comparatively nominal volume on a unit basis), Yangwang and other sub-brand offerings could potentially become an overseas share gainer for BYD.Risks To ConsiderWhile competition comes to mind as a top risk for automakers, BYD’s reputation as a quality mass market vehicle manufacturer could alleviate some of the said challenges. This is further corroborated by BYD’s pricing power with continued market share gains despite a recent decision to increase its vehicle MSRPs, as opposed to price cuts implemented by Tesla in an attempt to shore up demand.Instead, a key concern is BYD’s lack of presence in cutting-edge technological competencies, which premium EVs offered by NIO and Tesla tend to use as key selling points:What BYD lacks that others have is more of a digital DNA…BYD is still a hardware company. As good as it is assembling an EV profitably at scale, it hasn’t proven itself to be a tech-driven software-defined technology company. Source: BloombergWhile BYD intends for Yangwang to “build a high-end brand with disruptive technologies and products,” there has yet to be any details pertaining to the R1 that would differentiate the premium electric SUV from a digital aspect. Aside from potential ADAS features (which are pretty much standard across premium offerings at this point) speculated from BYD-released images that show the vehicle’s integration of LiDAR sensors, the company has yet to release much information about the vehicle’s performance, range capability, nor technological features. While BYD’s robust balance sheet could fund the development of software capabilities required for differentiation against competing premium offerings, relate innovations would take time to materialize, risking a costly catch-up game in the concentrated premium EV market.Fundamental And Valuation ImplicationsIn contrast to NIO, BYD is already a profitable company, with margins set for continued expansion as production ramps up on both its existing and upcoming vehicle models. And as mentioned in the earlier section, BYD’s upcoming foray in China’s premium electric SUV market would be beneficial to its bottom-line given said products would be priced higher to offset near-term ramp-up costs, with greater demand in the lucrative vehicle segment expected to support longer-term margin expansion through scale. With related operating cash flow generation realizable in the immediate term, BYD is also less vulnerable to the investment risks facing NIO as discussed in the earlier section.The stock is currently trading at a significant discount of 1.4x forward EV/sales compared to an average of about 4.1x among U.S. counterparts and 1.7x among Chinese EV start-ups. Given its profitable growth prospects both within the immediate- and over the longer-term, BYD makes a reasonable investment at current levels. But like all Chinese equities, BYD faces a slew of risks specific to the cohort, including China’s macroeconomic uncertainties (e.g., property slump, COVID Zero impacts, etc.) and regulatory challenges. Although BYD’s robust balance sheet has made its valuation relatively less vulnerable to the years-long selloff in Chinese equities, existing and potential investors in the stock should remain aware and not overlook said risks.Final ThoughtsBased on the foregoing analysis on NIO and BYD’s longer-term market share expansion strategies, both legacy and start-up Chinese EV makers alike show favorable growth prospects as the global transition to electric continues. While converging strategies will likely introduce further competition within the already highly concentrated EV landscape in China, significant opportunities remain across all vehicle and pricing segments, underscoring the still-nascent nature of the EV industry.With NIO being an EV upstart that has already established a reputation for making quality and innovative EVs, and BYD being a legacy automaker that has proven a profitable transition to electric is possible, both companies are well-positioned for further market share gains within and beyond the Chinese EV market. This would accordingly support favorable long-term upside potential for both stocks from current levels, especially BYD which boasts better immediate and future fundamental prospects, though macroeconomic, geopolitical, and regulatory risks will remain an overhang on their performance.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987889572,"gmtCreate":1667868640196,"gmtModify":1676537976337,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9987889572","repostId":"2281293584","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928792190,"gmtCreate":1671403444410,"gmtModify":1676538529273,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9928792190","repostId":"1155170885","repostType":4,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965926652,"gmtCreate":1669877444177,"gmtModify":1676538261946,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9965926652","repostId":"2288256694","repostType":4,"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987039874,"gmtCreate":1667777258199,"gmtModify":1676537960313,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9987039874","repostId":"2281644509","repostType":4,"repost":{"id":"2281644509","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":1,"media_name":"Dow Jones","id":"1012688067","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1667778768,"share":"https://ttm.financial/m/news/2281644509?lang=&edition=fundamental","pubTime":"2022-11-07 07:52","market":"us","language":"en","title":"CPI; U.S. Midterm Elections; NIO, Palantir, Disney, AMC Earnings: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2281644509","media":"Dow Jones","summary":"It's another busy week for investors: the U.S. midterm elections, the latest inflation data, and a continued parade of third-quarter results will be the highlights.Activision Blizzard, NRG Energy, and the Mosaic Company will report on Monday, followed by Walt Disney, Occidental Petroleum, and DuPont on Tuesday. Wednesday will bring results from D.R. Horton, then  Becton Dickinson, Ralph Lauren, and Tapestry report on Thursday.Voting on Tuesday will determine control of Congress for the next two ","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\nBy Nicholas Jasinski \n</pre>\n<p>\n     It's another busy week for investors: the U.S. midterm elections, the latest inflation data, and a continued parade of third-quarter results will be the highlights. \n</p>\n<p>\n     Activision Blizzard, NRG Energy, and the Mosaic Company will report on Monday, followed by Walt Disney, Occidental Petroleum, and DuPont on Tuesday. Wednesday will bring results from D.R. Horton, then  Becton Dickinson, Ralph Lauren, and Tapestry report on Thursday. \n</p>\n<p>\n     Voting on Tuesday will determine control of Congress for the next two years, with Republicans favored to win the House of Representatives and polling suggesting a close race in the Senate. Results may take days to become clear in several states. \n</p>\n<p>\n     The economic-data highlight of the week will be Thursday's release of the October Consumer Price Index from the Bureau of Labor Statistics. The consensus estimate is for a 0.7% rise in the month, to stretch the headline index's annual gain to 8.0%. The core CPI, which excludes food and energy components, is seen rising 0.5% in October and 6.6% from a year earlier. \n</p>\n<p>\n     Other economic data out this week will include the National Federation of Independent Business' Small Business Optimism Index for October on Tuesday. That's forecast to be roughly flat from September. The University of Michigan's Consumer Sentiment Index for November will be out on Friday, and is expected to also be about even with the previous month's reading. \n</p>\n<p>\n     Monday 11/7 \n</p>\n<p>\n     Activision Blizzard, BioNTech, <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a>, SolarEdge Technologies, and <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> release earnings. \n</p>\n<p>\n     The Federal Reserve reports consumer credit data for September. In August, total consumer debt rose at a seasonally adjusted annual rate of 8.3%, to a record $4.68 trillion. Revolving debt -- primarily credit cards -- jumped 18.1%. \n</p>\n<p>\n     Tuesday 11/8 \n</p>\n<p>\n     It's Election Day. The midterms will determine which party controls Congress for the next two years. Polling suggests that Republicans will retake the House of Representatives, while the Senate looks like a toss-up. \n</p>\n<p>\n     Constellation Energy, DuPont, GlobalFoundries, Occidental Petroleum, and Walt Disney report quarterly results. \n</p>\n<p>\n     Nasdaq and Nucor hold their 2022 investor days. \n</p>\n<p>\n     The National Federation of Independent Business releases its Small Business Optimism Index for October. Consensus estimate is for a 92 reading, roughly even with September's. The index has had readings below its 48-year average of 98 for nine consecutive months, as inflation and labor shortages continue to challenge small-business owners. \n</p>\n<p>\n     Wednesday 11/9 \n</p>\n<p>\n     D.R. Horton, Rivian Automotive, Roblox, and Trade Desk announce earnings. \n</p>\n<p>\n     $First Republic Bank(FRC-N)$ and <a href=\"https://laohu8.com/S/PSX\">Phillips 66</a> host their annual investor days. \n</p>\n<p>\n     Thursday 11/10 \n</p>\n<p>\n     AstraZeneca, Becton Dickinson, Brookfield Asset Management, Ralph Lauren, Steris, and Tapestry hold conference calls to discuss quarterly results. \n</p>\n<p>\n     Moderna hosts its first ESG day. \n</p>\n<p>\n     The Bureau of Labor Statistics releases the consumer price index for October. Economists forecast that the CPI will show an increase of 8%, year over year, following an 8.2% jump in September. The core CPI, which excludes volatile food and energy prices, is expected to be up 6.5%, a tenth of a percentage point less than previously. While the CPI is down nearly a full percentage from its recent June peak, the core CPI hit a four-decade high in September. The S&amp;P 500 index fell 3.3% this past week as the Federal Open Market Committee raised the federal-funds rate by three-quarters of a percentage point for the fourth consecutive meeting and reiterated that taming inflation was its No. 1 priority. \n</p>\n<p>\n     Friday 11/11 \n</p>\n<p>\n     The bond market is closed in observance of Veterans Day. The Nasdaq and New York Stock Exchange keep regular trading hours. \n</p>\n<p>\n     The University of Michigan releases its Consumer Sentiment Index for November. The consensus call is for a 59.7 reading, about even with the previous data. In October, consumers' one-year expectation for inflation was 5%, while longer-run expectations were 2.9%. \n</p>\n<p>\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2022 17:55 ET (22:55 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>","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>CPI; U.S. Midterm Elections; NIO, Palantir, Disney, AMC Earnings: What to Know This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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\">\nCPI; U.S. Midterm Elections; NIO, Palantir, Disney, AMC Earnings: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1012688067\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-11-07 07:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\nBy Nicholas Jasinski \n</pre>\n<p>\n     It's another busy week for investors: the U.S. midterm elections, the latest inflation data, and a continued parade of third-quarter results will be the highlights. \n</p>\n<p>\n     Activision Blizzard, NRG Energy, and the Mosaic Company will report on Monday, followed by Walt Disney, Occidental Petroleum, and DuPont on Tuesday. Wednesday will bring results from D.R. Horton, then  Becton Dickinson, Ralph Lauren, and Tapestry report on Thursday. \n</p>\n<p>\n     Voting on Tuesday will determine control of Congress for the next two years, with Republicans favored to win the House of Representatives and polling suggesting a close race in the Senate. Results may take days to become clear in several states. \n</p>\n<p>\n     The economic-data highlight of the week will be Thursday's release of the October Consumer Price Index from the Bureau of Labor Statistics. The consensus estimate is for a 0.7% rise in the month, to stretch the headline index's annual gain to 8.0%. The core CPI, which excludes food and energy components, is seen rising 0.5% in October and 6.6% from a year earlier. \n</p>\n<p>\n     Other economic data out this week will include the National Federation of Independent Business' Small Business Optimism Index for October on Tuesday. That's forecast to be roughly flat from September. The University of Michigan's Consumer Sentiment Index for November will be out on Friday, and is expected to also be about even with the previous month's reading. \n</p>\n<p>\n     Monday 11/7 \n</p>\n<p>\n     Activision Blizzard, BioNTech, <a href=\"https://laohu8.com/S/FANG\">Diamondback Energy</a>, SolarEdge Technologies, and <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a> release earnings. \n</p>\n<p>\n     The Federal Reserve reports consumer credit data for September. In August, total consumer debt rose at a seasonally adjusted annual rate of 8.3%, to a record $4.68 trillion. Revolving debt -- primarily credit cards -- jumped 18.1%. \n</p>\n<p>\n     Tuesday 11/8 \n</p>\n<p>\n     It's Election Day. The midterms will determine which party controls Congress for the next two years. Polling suggests that Republicans will retake the House of Representatives, while the Senate looks like a toss-up. \n</p>\n<p>\n     Constellation Energy, DuPont, GlobalFoundries, Occidental Petroleum, and Walt Disney report quarterly results. \n</p>\n<p>\n     Nasdaq and Nucor hold their 2022 investor days. \n</p>\n<p>\n     The National Federation of Independent Business releases its Small Business Optimism Index for October. Consensus estimate is for a 92 reading, roughly even with September's. The index has had readings below its 48-year average of 98 for nine consecutive months, as inflation and labor shortages continue to challenge small-business owners. \n</p>\n<p>\n     Wednesday 11/9 \n</p>\n<p>\n     D.R. Horton, Rivian Automotive, Roblox, and Trade Desk announce earnings. \n</p>\n<p>\n     $First Republic Bank(FRC-N)$ and <a href=\"https://laohu8.com/S/PSX\">Phillips 66</a> host their annual investor days. \n</p>\n<p>\n     Thursday 11/10 \n</p>\n<p>\n     AstraZeneca, Becton Dickinson, Brookfield Asset Management, Ralph Lauren, Steris, and Tapestry hold conference calls to discuss quarterly results. \n</p>\n<p>\n     Moderna hosts its first ESG day. \n</p>\n<p>\n     The Bureau of Labor Statistics releases the consumer price index for October. Economists forecast that the CPI will show an increase of 8%, year over year, following an 8.2% jump in September. The core CPI, which excludes volatile food and energy prices, is expected to be up 6.5%, a tenth of a percentage point less than previously. While the CPI is down nearly a full percentage from its recent June peak, the core CPI hit a four-decade high in September. The S&amp;P 500 index fell 3.3% this past week as the Federal Open Market Committee raised the federal-funds rate by three-quarters of a percentage point for the fourth consecutive meeting and reiterated that taming inflation was its No. 1 priority. \n</p>\n<p>\n     Friday 11/11 \n</p>\n<p>\n     The bond market is closed in observance of Veterans Day. The Nasdaq and New York Stock Exchange keep regular trading hours. \n</p>\n<p>\n     The University of Michigan releases its Consumer Sentiment Index for November. The consensus call is for a 59.7 reading, about even with the previous data. In October, consumers' one-year expectation for inflation was 5%, while longer-run expectations were 2.9%. \n</p>\n<p>\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2022 17:55 ET (22:55 GMT)\n</p>\n<p>\n  Copyright (c) 2022 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation","CLOV":"Clover Health Corp","AZN":"阿斯利康","CGC":"Canopy Growth Corporation","BNTX":"BioNTech SE","DIS":"迪士尼",".DJI":"道琼斯","NIO":"蔚来","LCID":"Lucid Group Inc",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","AMC":"AMC院线","TTWO":"Take-Two Interactive Software","ATVI":"动视暴雪","OCGN":"Ocugen","ACB":"奥罗拉大麻公司","NCLH":"挪威邮轮","LYFT":"Lyft, Inc.","U":"Unity Software Inc.","SEDG":"SolarEdge Technologies, Inc.","OXY":"西方石油","PLTR":"Palantir Technologies Inc.","NVAX":"诺瓦瓦克斯医药"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2281644509","content_text":"By Nicholas Jasinski \n\n\n     It's another busy week for investors: the U.S. midterm elections, the latest inflation data, and a continued parade of third-quarter results will be the highlights. \n\n\n     Activision Blizzard, NRG Energy, and the Mosaic Company will report on Monday, followed by Walt Disney, Occidental Petroleum, and DuPont on Tuesday. Wednesday will bring results from D.R. Horton, then  Becton Dickinson, Ralph Lauren, and Tapestry report on Thursday. \n\n\n     Voting on Tuesday will determine control of Congress for the next two years, with Republicans favored to win the House of Representatives and polling suggesting a close race in the Senate. Results may take days to become clear in several states. \n\n\n     The economic-data highlight of the week will be Thursday's release of the October Consumer Price Index from the Bureau of Labor Statistics. The consensus estimate is for a 0.7% rise in the month, to stretch the headline index's annual gain to 8.0%. The core CPI, which excludes food and energy components, is seen rising 0.5% in October and 6.6% from a year earlier. \n\n\n     Other economic data out this week will include the National Federation of Independent Business' Small Business Optimism Index for October on Tuesday. That's forecast to be roughly flat from September. The University of Michigan's Consumer Sentiment Index for November will be out on Friday, and is expected to also be about even with the previous month's reading. \n\n\n     Monday 11/7 \n\n\n     Activision Blizzard, BioNTech, Diamondback Energy, SolarEdge Technologies, and Take-Two Interactive Software release earnings. \n\n\n     The Federal Reserve reports consumer credit data for September. In August, total consumer debt rose at a seasonally adjusted annual rate of 8.3%, to a record $4.68 trillion. Revolving debt -- primarily credit cards -- jumped 18.1%. \n\n\n     Tuesday 11/8 \n\n\n     It's Election Day. The midterms will determine which party controls Congress for the next two years. Polling suggests that Republicans will retake the House of Representatives, while the Senate looks like a toss-up. \n\n\n     Constellation Energy, DuPont, GlobalFoundries, Occidental Petroleum, and Walt Disney report quarterly results. \n\n\n     Nasdaq and Nucor hold their 2022 investor days. \n\n\n     The National Federation of Independent Business releases its Small Business Optimism Index for October. Consensus estimate is for a 92 reading, roughly even with September's. The index has had readings below its 48-year average of 98 for nine consecutive months, as inflation and labor shortages continue to challenge small-business owners. \n\n\n     Wednesday 11/9 \n\n\n     D.R. Horton, Rivian Automotive, Roblox, and Trade Desk announce earnings. \n\n\n     $First Republic Bank(FRC-N)$ and Phillips 66 host their annual investor days. \n\n\n     Thursday 11/10 \n\n\n     AstraZeneca, Becton Dickinson, Brookfield Asset Management, Ralph Lauren, Steris, and Tapestry hold conference calls to discuss quarterly results. \n\n\n     Moderna hosts its first ESG day. \n\n\n     The Bureau of Labor Statistics releases the consumer price index for October. Economists forecast that the CPI will show an increase of 8%, year over year, following an 8.2% jump in September. The core CPI, which excludes volatile food and energy prices, is expected to be up 6.5%, a tenth of a percentage point less than previously. While the CPI is down nearly a full percentage from its recent June peak, the core CPI hit a four-decade high in September. The S&P 500 index fell 3.3% this past week as the Federal Open Market Committee raised the federal-funds rate by three-quarters of a percentage point for the fourth consecutive meeting and reiterated that taming inflation was its No. 1 priority. \n\n\n     Friday 11/11 \n\n\n     The bond market is closed in observance of Veterans Day. The Nasdaq and New York Stock Exchange keep regular trading hours. \n\n\n     The University of Michigan releases its Consumer Sentiment Index for November. The consensus call is for a 59.7 reading, about even with the previous data. In October, consumers' one-year expectation for inflation was 5%, while longer-run expectations were 2.9%. \n\n\n     Write to Nicholas Jasinski at nicholas.jasinski@barrons.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2022 17:55 ET (22:55 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988842293,"gmtCreate":1666739207313,"gmtModify":1676537796654,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988842293","repostId":"2278754775","repostType":4,"repost":{"id":"2278754775","kind":"highlight","pubTimestamp":1666773101,"share":"https://ttm.financial/m/news/2278754775?lang=&edition=fundamental","pubTime":"2022-10-26 16:31","market":"us","language":"en","title":"3 Supercharged Growth Stocks With 257% to 379% Upside, According to Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=2278754775","media":"Motley Fool","summary":"Select analysts believe these industry game changers can skyrocket over the next year.","content":"<html><head></head><body><p>Wall Street has taken investors on quite the ride in 2022. Through the first half of the year, the benchmark <b>S&amp;P 500</b> delivered its worst first-half return since 1970. Meanwhile, the bond market is working on its worst return <i>in history</i>. There have been few ways to escape the onslaught.</p><p>However, double-digit-percentage declines in the stock market aren&#39;t known for lasting long. Historically, bull markets last substantially longer than corrections and bear markets. What&#39;s more, every crash, correction, and bear market throughout history has eventually been cleared away by a long-term rally. In other words, buying during the dips makes a lot of sense -- and Wall Street analysts know it.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/86a0495df10ebed00eaabaed4e739600\" tg-width=\"700\" tg-height=\"535\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><p>Most price targets placed on publicly traded companies by Wall Street reflect this long-term optimism. But for some companies, truly great things are expected. According to the price targets of a select few analysts, Wall Street foresees the following three supercharged growth stocks gaining between 257% and 379% over the next year.</p><h2>Nio: Implied upside of 257%</h2><p>Electric vehicle (EV) manufacturer <b>Nio</b> has had a miserable year, with its shares down 65% through this past weekend. Semiconductor chip shortages, China&#39;s zero-COVID strategy (which has led to production disruptions), and historically high inflation are all headwinds working against the company.</p><p>Despite these challenges, <b>Mizuho</b> analyst Vijay Rakesh believes Nio is worth $40 a share, which would represent upside of 257% from where shares of the company closed on Oct. 21. While acknowledging Nio&#39;s supply chain and logistical challenges in a recent research note, Rakesh believes demand for Nio&#39;s EV is strong and that China&#39;s push toward greener transportation will be a positive for the company.</p><p>The thesis offered by Rakesh certainly holds water if you take a closer look at Nio&#39;s production totals. Though it&#39;s been hampered by persistent supply chain issues, the company has delivered four consecutive months with deliveries topping 10,000 EVs. Management has previously opined that it would have been able to ramp up to 50,000 EVs produced each month by as early as the end of 2022 if supply chain problems weren&#39;t a concern.</p><p>Nio has done a phenomenal job of letting its products do the talking. The company has been rolling out at least one new EV each year, with both of its new sedans (the ET7 and the ET5) offering a roughly 621-mile range with the top battery pack upgrade. That&#39;s considerably more range than the electric sedans Nio is competing with in China.</p><p>It also shouldn&#39;t be overlooked that Nio is based in the No. 1 auto market in the world -- China. By 2035, roughly half of all new vehicles sold in China are expected to run on some form of alternative energy. This gives Nio an opportunity to sustain double-digit growth amid a multidecade vehicle replacement cycle.</p><p>Although Nio does appear to have the tools and innovation capable of reaching $40 a share, supply chain issues make it unlikely that Mizuho&#39;s aggressive price target will be achieved within the next 12 months.</p><h2>Vaxart: Implied upside of 379%</h2><p>Another supercharged growth stock that Wall Street believes offers immense upside potential is clinical-stage biotech stock <b>Vaxart</b>.</p><p>Though shares of Vaxart have plummeted 73% on a year-to-date basis, it hasn&#39;t changed the optimistic tune of analyst Charles Duncan of Cantor Fitzgerald. Duncan&#39;s $8 price target suggests that Vaxart could come close to quintupling its current value. Duncan has cited the company&#39;s interim phase 2 results of an oral COVID-19 vaccine as the reason for his and his firm&#39;s lofty price target.</p><p>Logistically speaking, COVID-19 vaccines have their challenges. Properly storing and transporting approved COVID-19 vaccines can be challenging, as can the burden of having a medical professional administer a shot to a patient. An oral COVID-19 vaccine would be considerably easier to distribute and administer, which is why Vaxart&#39;s approach has been raising eyebrows.</p><p>At the beginning of September, the company announced the results of the first part of a two-part phase 2 study involving VXA-CoV2-1.1-S (don&#39;t these drug names just roll off the tongue?). This experimental pill specifically targets the S protein, with data showing that it met its primary safety endpoint, as well as its secondary immunogenicity endpoint.</p><p>While this initial data is encouraging, it&#39;s important to note that the company&#39;s previous candidate, VXA-CoV2-1, which targeted both the S and N proteins, didn&#39;t have the same success.</p><p>Furthermore, most COVID-focused vaccine developers have pivoted to omicron-specific solutions. Vaxart is still in the data-culling phase of its existence and is unlikely to conduct a large-scale omicron variant-focused trial until the latter half of 2023. This means it&#39;s going to be years before an omicron-specific oral vaccine has any chance of hitting pharmacy shelves.</p><p>In short, Cantor Fitzgerald&#39;s astronomical $8 price target for Vaxart is almost certainly out of reach.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4d35e5e3f94aad2bbab176de04084b36\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>Plug Power: Implied upside of 373%</h2><p>The third supercharged growth stock with abundant upside, at least according to one Wall Street analyst, is hydrogen fuel cell solutions developer <b>Plug Power</b>.</p><p>Like most growth stocks, Plug has had a difficult year, with its shares tumbling 42%. But this hasn&#39;t stopped H.C. Wainwright analyst Amit Dayal from being the company&#39;s biggest cheerleader. Dayal has stuck by his firm&#39;s sky-high price target of $78 for a while, which would represent an increase of 373% from where shares ended this past week. Dayal is counting on the company&#39;s ever-expanding green hydrogen network to drive big gains.</p><p>Similar to Nio, Plug Power is poised to benefit from developed countries wanting to reduce their respective carbon footprints. The company&#39;s burgeoning green hydrogen ecosystem can produce and store hydrogen for personal or commercial use with fuel cells. The expectation is for increased green hydrogen availability to push down prices and make hydrogen-fueled vehicles an attractive option -- especially for public transportation and enterprise fleets.</p><p>The other significant catalyst for Plug Power is its numerous partnerships and joint ventures. In January 2021, it put itself on the map by forging two major partnerships in the span of a week, with SK Group and <b>Renault</b>. Just last week, it struck another joint venture -- this time with <b>Olin</b> -- to construct a hydrogen plant in Louisiana capable of producing 15 tons of green hydrogen per day. These joint ventures continue to validate Plug&#39;s technology and its push to $3 billion in targeted annual revenue by 2025. For context, full-year sales in 2021 were just over $502 million.</p><p>But even what seem like surefire opportunities face challenges. A little over a week ago, the company announced its previous sales forecast for 2022 would likely come in 5% to 10% light due to supply chain issues and the timing of certain projects.</p><p>It&#39;s also unclear how the company&#39;s expansion could be adversely impacted by rapidly rising interest rates. Getting green hydrogen infrastructure in place won&#39;t be cheap, and financing that green-energy future is becoming costlier by the day. With Plug Power still at least two years away from turning a recurring profit, it seems increasingly unlikely that Dayal&#39;s $78 price target will be reached.</p></body></html>","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 Supercharged Growth Stocks With 257% to 379% Upside, 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\">\n3 Supercharged Growth Stocks With 257% to 379% Upside, According to Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/10/25/3-growth-stocks-with-257-to-379-upside-wall-street/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street has taken investors on quite the ride in 2022. Through the first half of the year, the benchmark S&P 500 delivered its worst first-half return since 1970. Meanwhile, the bond market is ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/25/3-growth-stocks-with-257-to-379-upside-wall-street/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VXRT":"Vaxart, Inc","NIO":"蔚来","PLUG":"普拉格能源"},"source_url":"https://www.fool.com/investing/2022/10/25/3-growth-stocks-with-257-to-379-upside-wall-street/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2278754775","content_text":"Wall Street has taken investors on quite the ride in 2022. Through the first half of the year, the benchmark S&P 500 delivered its worst first-half return since 1970. Meanwhile, the bond market is working on its worst return in history. There have been few ways to escape the onslaught.However, double-digit-percentage declines in the stock market aren't known for lasting long. Historically, bull markets last substantially longer than corrections and bear markets. What's more, every crash, correction, and bear market throughout history has eventually been cleared away by a long-term rally. In other words, buying during the dips makes a lot of sense -- and Wall Street analysts know it.Image source: Getty Images.Most price targets placed on publicly traded companies by Wall Street reflect this long-term optimism. But for some companies, truly great things are expected. According to the price targets of a select few analysts, Wall Street foresees the following three supercharged growth stocks gaining between 257% and 379% over the next year.Nio: Implied upside of 257%Electric vehicle (EV) manufacturer Nio has had a miserable year, with its shares down 65% through this past weekend. Semiconductor chip shortages, China's zero-COVID strategy (which has led to production disruptions), and historically high inflation are all headwinds working against the company.Despite these challenges, Mizuho analyst Vijay Rakesh believes Nio is worth $40 a share, which would represent upside of 257% from where shares of the company closed on Oct. 21. While acknowledging Nio's supply chain and logistical challenges in a recent research note, Rakesh believes demand for Nio's EV is strong and that China's push toward greener transportation will be a positive for the company.The thesis offered by Rakesh certainly holds water if you take a closer look at Nio's production totals. Though it's been hampered by persistent supply chain issues, the company has delivered four consecutive months with deliveries topping 10,000 EVs. Management has previously opined that it would have been able to ramp up to 50,000 EVs produced each month by as early as the end of 2022 if supply chain problems weren't a concern.Nio has done a phenomenal job of letting its products do the talking. The company has been rolling out at least one new EV each year, with both of its new sedans (the ET7 and the ET5) offering a roughly 621-mile range with the top battery pack upgrade. That's considerably more range than the electric sedans Nio is competing with in China.It also shouldn't be overlooked that Nio is based in the No. 1 auto market in the world -- China. By 2035, roughly half of all new vehicles sold in China are expected to run on some form of alternative energy. This gives Nio an opportunity to sustain double-digit growth amid a multidecade vehicle replacement cycle.Although Nio does appear to have the tools and innovation capable of reaching $40 a share, supply chain issues make it unlikely that Mizuho's aggressive price target will be achieved within the next 12 months.Vaxart: Implied upside of 379%Another supercharged growth stock that Wall Street believes offers immense upside potential is clinical-stage biotech stock Vaxart.Though shares of Vaxart have plummeted 73% on a year-to-date basis, it hasn't changed the optimistic tune of analyst Charles Duncan of Cantor Fitzgerald. Duncan's $8 price target suggests that Vaxart could come close to quintupling its current value. Duncan has cited the company's interim phase 2 results of an oral COVID-19 vaccine as the reason for his and his firm's lofty price target.Logistically speaking, COVID-19 vaccines have their challenges. Properly storing and transporting approved COVID-19 vaccines can be challenging, as can the burden of having a medical professional administer a shot to a patient. An oral COVID-19 vaccine would be considerably easier to distribute and administer, which is why Vaxart's approach has been raising eyebrows.At the beginning of September, the company announced the results of the first part of a two-part phase 2 study involving VXA-CoV2-1.1-S (don't these drug names just roll off the tongue?). This experimental pill specifically targets the S protein, with data showing that it met its primary safety endpoint, as well as its secondary immunogenicity endpoint.While this initial data is encouraging, it's important to note that the company's previous candidate, VXA-CoV2-1, which targeted both the S and N proteins, didn't have the same success.Furthermore, most COVID-focused vaccine developers have pivoted to omicron-specific solutions. Vaxart is still in the data-culling phase of its existence and is unlikely to conduct a large-scale omicron variant-focused trial until the latter half of 2023. This means it's going to be years before an omicron-specific oral vaccine has any chance of hitting pharmacy shelves.In short, Cantor Fitzgerald's astronomical $8 price target for Vaxart is almost certainly out of reach.Image source: Getty Images.Plug Power: Implied upside of 373%The third supercharged growth stock with abundant upside, at least according to one Wall Street analyst, is hydrogen fuel cell solutions developer Plug Power.Like most growth stocks, Plug has had a difficult year, with its shares tumbling 42%. But this hasn't stopped H.C. Wainwright analyst Amit Dayal from being the company's biggest cheerleader. Dayal has stuck by his firm's sky-high price target of $78 for a while, which would represent an increase of 373% from where shares ended this past week. Dayal is counting on the company's ever-expanding green hydrogen network to drive big gains.Similar to Nio, Plug Power is poised to benefit from developed countries wanting to reduce their respective carbon footprints. The company's burgeoning green hydrogen ecosystem can produce and store hydrogen for personal or commercial use with fuel cells. The expectation is for increased green hydrogen availability to push down prices and make hydrogen-fueled vehicles an attractive option -- especially for public transportation and enterprise fleets.The other significant catalyst for Plug Power is its numerous partnerships and joint ventures. In January 2021, it put itself on the map by forging two major partnerships in the span of a week, with SK Group and Renault. Just last week, it struck another joint venture -- this time with Olin -- to construct a hydrogen plant in Louisiana capable of producing 15 tons of green hydrogen per day. These joint ventures continue to validate Plug's technology and its push to $3 billion in targeted annual revenue by 2025. For context, full-year sales in 2021 were just over $502 million.But even what seem like surefire opportunities face challenges. A little over a week ago, the company announced its previous sales forecast for 2022 would likely come in 5% to 10% light due to supply chain issues and the timing of certain projects.It's also unclear how the company's expansion could be adversely impacted by rapidly rising interest rates. Getting green hydrogen infrastructure in place won't be cheap, and financing that green-energy future is becoming costlier by the day. With Plug Power still at least two years away from turning a recurring profit, it seems increasingly unlikely that Dayal's $78 price target will be reached.","news_type":1},"isVote":1,"tweetType":1,"viewCount":189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913617238,"gmtCreate":1663980392824,"gmtModify":1676537373520,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9913617238","repostId":"2269657466","repostType":4,"repost":{"id":"2269657466","kind":"highlight","pubTimestamp":1663980236,"share":"https://ttm.financial/m/news/2269657466?lang=&edition=fundamental","pubTime":"2022-09-24 08:43","market":"us","language":"en","title":"Why I'm Not Worried About the Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2269657466","media":"TheStreet","summary":"A lot of scary words have been floating around with \"recession\" and \"inflation\" at the top of the li","content":"<html><head></head><body><p>A lot of scary words have been floating around with &#34;recession&#34; and &#34;inflation&#34; at the top of the list. People are worried about the economy and the Federal Reserve has not been helping as it steadily raises interest rates. That, in theory, acts as a check on inflation, but mostly makes money more expensive which impacts mortgage rates, credit card interest, and really any money people borrow going forward.</p><p>That has driven the Dow Jones Industrial Average steadily downward. The index fell by nearly 500 points on Sept. 23 sending it to a low for 2022. In a broad sense. it&#39;s not just the Dow as the Nasdaq has steadily fallen as well.</p><p>We all know the story and understand the fears, but market fears about what might happen don&#39;t actually track with what&#39;s actually happening in the U.S. economy.</p><h2>The U.S. Economy Has Been Strong</h2><p>Obviously, inflation has hit many lower-income Americans hard. But the employment market remains strong with the unemployment rate sitting at 3.7%. That&#39;s not quite a historical low, but it&#39;s in that range. In addition, there&#39;s exactly one-half of an available job seeker for every available job opening, That actually is a historical low since the Bureau of Labor Statistics has been tracking that data.</p><p>Job openings, however, don&#39;t always mean good jobs, but wages have also been rising in the service industry and even fast food jobs. <a href=\"https://laohu8.com/S/WMT\">Walmart</a>, <a href=\"https://laohu8.com/S/TGT\">Target</a>, <a href=\"https://laohu8.com/S/YUM\">Yum! Brands</a>, <a href=\"https://laohu8.com/S/SBUX\">Starbucks</a>, and a number of other retailers have embraced a $15 minimum wage.</p><p>And, while the employment market remains strong, the flip side of that is rising housing costs coupled with higher mortgage rates. That&#39;s not great news for people buying a house (even if history suggests they still should) but it has a flip side. If you own a house, it has become a fast-rising asset that increases your net worth.</p><p>The economy is, of course, personal. If you can&#39;t find a job or afford to live where you want to, that&#39;s very real. Broadly, however, there are a lot of signs that the economy remains strong and that many of the issues we&#39;re having relate to what might be called a pandemic hangover.</p><h2>Market Drops Are the Best Times to Invest</h2><p>Many of my favorite companies have dropped by 30% or more. I don&#39;t stop believing in <a href=\"https://laohu8.com/S/COST\">Costco</a>, <a href=\"https://laohu8.com/S/DIS\">Walt Disney</a>, or <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>  (just to name a few) because their share prices have fallen. In fact, I look at all three of these companies and how they handled the pandemic and prepared for the future and feel better about them.</p><p>Stock price does not always equate to performance in the short term. Disney, for example, has the best intellectual property (IP) of any entertainment company and has endless pricing power. In fact, if you were offered &#34;every other companies&#39; IP&#34; or Disney&#39;s, you can make  a case to take Disney.</p><p>Costco just delivered one of its highest renewal rates ever (over 92%) and continues to add members, Microsoft has only gotten stronger as it pivots more fully to a software as a service model, yet all three of those companies have seen double digit stock drops this year.</p><p>In a bad market, I cling to the mantra &#34;time in the market beats timing the market.&#34; Now is the time to add to your holdings in really strong companies. Consider that good companies are now on sale, really big sales in some cases, and add strategically to your long-term holdings.</p><p>After you do that, remember that long-term means years. Check in on the companies you own to make sure they have stayed on course, but don&#39;t check your portfolio everyday. A market drop feels bad, but historically, it means nothing. Good companies will recover and investing in them, plus time (maybe a lot of time) is what makes investors rich.</p><p>BY DANIEL KLINE</p></body></html>","source":"thestreet_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I'm Not Worried About the Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy I'm Not Worried About the Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-24 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/why-im-not-worried-about-the-stock-market><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A lot of scary words have been floating around with \"recession\" and \"inflation\" at the top of the list. People are worried about the economy and the Federal Reserve has not been helping as it steadily...</p>\n\n<a href=\"https://www.thestreet.com/investing/why-im-not-worried-about-the-stock-market\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4136":"纸材料包装","YUM":"百胜餐饮集团","BK4097":"系统软件","BK4561":"索罗斯持仓","BK4155":"大卖场与超市","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4209":"餐馆","BK4548":"巴美列捷福持仓","WMT":"沃尔玛","DIS":"迪士尼","BK4528":"SaaS概念","BK4516":"特朗普概念","TGT":"塔吉特","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4108":"电影和娱乐","BK4567":"ESG概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","SBUX":"星巴克","BK4576":"AR","MSFT":"微软","COST":"好市多","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4525":"远程办公概念","BK4566":"资本集团","BK4114":"综合货品商店","BK4524":"宅经济概念","BK4535":"淡马锡持仓","BK4577":"网络游戏","BK4538":"云计算","BK4527":"明星科技股","BK4579":"人工智能","BK4550":"红杉资本持仓"},"source_url":"https://www.thestreet.com/investing/why-im-not-worried-about-the-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269657466","content_text":"A lot of scary words have been floating around with \"recession\" and \"inflation\" at the top of the list. People are worried about the economy and the Federal Reserve has not been helping as it steadily raises interest rates. That, in theory, acts as a check on inflation, but mostly makes money more expensive which impacts mortgage rates, credit card interest, and really any money people borrow going forward.That has driven the Dow Jones Industrial Average steadily downward. The index fell by nearly 500 points on Sept. 23 sending it to a low for 2022. In a broad sense. it's not just the Dow as the Nasdaq has steadily fallen as well.We all know the story and understand the fears, but market fears about what might happen don't actually track with what's actually happening in the U.S. economy.The U.S. Economy Has Been StrongObviously, inflation has hit many lower-income Americans hard. But the employment market remains strong with the unemployment rate sitting at 3.7%. That's not quite a historical low, but it's in that range. In addition, there's exactly one-half of an available job seeker for every available job opening, That actually is a historical low since the Bureau of Labor Statistics has been tracking that data.Job openings, however, don't always mean good jobs, but wages have also been rising in the service industry and even fast food jobs. Walmart, Target, Yum! Brands, Starbucks, and a number of other retailers have embraced a $15 minimum wage.And, while the employment market remains strong, the flip side of that is rising housing costs coupled with higher mortgage rates. That's not great news for people buying a house (even if history suggests they still should) but it has a flip side. If you own a house, it has become a fast-rising asset that increases your net worth.The economy is, of course, personal. If you can't find a job or afford to live where you want to, that's very real. Broadly, however, there are a lot of signs that the economy remains strong and that many of the issues we're having relate to what might be called a pandemic hangover.Market Drops Are the Best Times to InvestMany of my favorite companies have dropped by 30% or more. I don't stop believing in Costco, Walt Disney, or Microsoft  (just to name a few) because their share prices have fallen. In fact, I look at all three of these companies and how they handled the pandemic and prepared for the future and feel better about them.Stock price does not always equate to performance in the short term. Disney, for example, has the best intellectual property (IP) of any entertainment company and has endless pricing power. In fact, if you were offered \"every other companies' IP\" or Disney's, you can make  a case to take Disney.Costco just delivered one of its highest renewal rates ever (over 92%) and continues to add members, Microsoft has only gotten stronger as it pivots more fully to a software as a service model, yet all three of those companies have seen double digit stock drops this year.In a bad market, I cling to the mantra \"time in the market beats timing the market.\" Now is the time to add to your holdings in really strong companies. Consider that good companies are now on sale, really big sales in some cases, and add strategically to your long-term holdings.After you do that, remember that long-term means years. Check in on the companies you own to make sure they have stayed on course, but don't check your portfolio everyday. A market drop feels bad, but historically, it means nothing. Good companies will recover and investing in them, plus time (maybe a lot of time) is what makes investors rich.BY DANIEL KLINE","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021660720,"gmtCreate":1653046424160,"gmtModify":1676535213955,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021660720","repostId":"2236013648","repostType":4,"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021660584,"gmtCreate":1653046416948,"gmtModify":1676535213965,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021660584","repostId":"2236013648","repostType":4,"isVote":1,"tweetType":1,"viewCount":142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011221245,"gmtCreate":1648870834605,"gmtModify":1676534415819,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011221245","repostId":"1186110630","repostType":4,"repost":{"id":"1186110630","kind":"news","pubTimestamp":1648867627,"share":"https://ttm.financial/m/news/1186110630?lang=&edition=fundamental","pubTime":"2022-04-02 10:47","market":"us","language":"en","title":"Is BB Stock a Buy After Earnings? 3 Analysts Weigh In on Blackberry Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1186110630","media":"InvestorPlace","summary":"$BlackBerry(BB)$ stock is down 9.52% today after the Canadian technology company missed revenue targets in its latest earnings report.The former smartphone makersaid it earned 25 cents per share, comp","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/BB\">BlackBerry</a> stock is down 9.52% today after the Canadian technology company missed revenue targets in its latest earnings report.</p><p>The former smartphone maker said it earned 25 cents per share, compared with a loss of 56 cents a share a year earlier. Adjusted fourth-quarter profits amounted to $6 million, down from $14 million in the previous third quarter. However, BlackBerry reported that its fourth-quarter revenue declined 12%to $185 million from $210 million a year earlier. Wall Street had expected BlackBerry to post $29.3 million in adjusted losses on $186.8 million in revenue, according to Refinitiv.</p><p>Consequently, BB stock is down today, adding to losses for the year. So far in 2022, BlackBerry’s stock has fallen 30% to $6.60 a share. Where do analysts see the company’s share price heading in coming months? Here are three analyst price predictions for BlackBerry’s stock.</p><p>BB Stock Price Predictions</p><ul><li>TD Securities has a “sell” rating on BB stock and a price target of $7, implying 6% upside.</li><li>RBC Capital Markets maintains a “hold” rating on BlackBerry’s stock and also has a $7 price target.</li><li>Raymond James too has a “hold” rating on BB stock and a $7.60 price target, which would be about 15% higher than where the shares currently trade.</li></ul><p>What’s Next for BlackBerry</p><p>Shareholders of BlackBerry stock are going to take a hit today following the company’s latest quarterly print that disappointed Wall Street. Among six analysts who cover BlackBerry, themedian price targeton the shares is currently $7.</p><p>The once-dominant smartphone maker is struggling to shift its business toward cybersecurity and the internet of things, with some of its software now used to pilot self-driving cars. Investors should approach BB stock with caution given its ongoing declines.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is BB Stock a Buy After Earnings? 3 Analysts Weigh In on Blackberry Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs BB Stock a Buy After Earnings? 3 Analysts Weigh In on Blackberry Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-02 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/04/is-bb-stock-a-buy-after-earnings-3-analysts-weigh-in-on-blackberry-prices/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackBerry stock is down 9.52% today after the Canadian technology company missed revenue targets in its latest earnings report.The former smartphone maker said it earned 25 cents per share, compared ...</p>\n\n<a href=\"https://investorplace.com/2022/04/is-bb-stock-a-buy-after-earnings-3-analysts-weigh-in-on-blackberry-prices/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BB":"黑莓"},"source_url":"https://investorplace.com/2022/04/is-bb-stock-a-buy-after-earnings-3-analysts-weigh-in-on-blackberry-prices/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186110630","content_text":"BlackBerry stock is down 9.52% today after the Canadian technology company missed revenue targets in its latest earnings report.The former smartphone maker said it earned 25 cents per share, compared with a loss of 56 cents a share a year earlier. Adjusted fourth-quarter profits amounted to $6 million, down from $14 million in the previous third quarter. However, BlackBerry reported that its fourth-quarter revenue declined 12%to $185 million from $210 million a year earlier. Wall Street had expected BlackBerry to post $29.3 million in adjusted losses on $186.8 million in revenue, according to Refinitiv.Consequently, BB stock is down today, adding to losses for the year. So far in 2022, BlackBerry’s stock has fallen 30% to $6.60 a share. Where do analysts see the company’s share price heading in coming months? Here are three analyst price predictions for BlackBerry’s stock.BB Stock Price PredictionsTD Securities has a “sell” rating on BB stock and a price target of $7, implying 6% upside.RBC Capital Markets maintains a “hold” rating on BlackBerry’s stock and also has a $7 price target.Raymond James too has a “hold” rating on BB stock and a $7.60 price target, which would be about 15% higher than where the shares currently trade.What’s Next for BlackBerryShareholders of BlackBerry stock are going to take a hit today following the company’s latest quarterly print that disappointed Wall Street. Among six analysts who cover BlackBerry, themedian price targeton the shares is currently $7.The once-dominant smartphone maker is struggling to shift its business toward cybersecurity and the internet of things, with some of its software now used to pilot self-driving cars. Investors should approach BB stock with caution given its ongoing declines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927024602,"gmtCreate":1672359029106,"gmtModify":1676538677721,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9927024602","repostId":"2295194661","repostType":4,"repost":{"id":"2295194661","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":1672355473,"share":"https://ttm.financial/m/news/2295194661?lang=&edition=fundamental","pubTime":"2022-12-30 07:11","market":"us","language":"en","title":"US STOCKS-Wall St Ends Firmer, Growth Stocks Lead in Thin Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=2295194661","media":"Reuters","summary":"U.S. weekly jobless claims show modest riseTesla extends gains after Musk's commentIndexes up: Dow 1","content":"<html><head></head><body><ul><li>U.S. weekly jobless claims show modest rise</li><li>Tesla extends gains after Musk&#39;s comment</li><li>Indexes up: Dow 1.05%, S&amp;P 500 1.75%, Nasdaq 2.59%</li></ul><p><img src=\"https://static.tigerbbs.com/459a65bcaf7f2c7137959a9afd944372\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 29 (Reuters) - Wall Street&#39;s main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve&#39;s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.</p><p>All 11 S&amp;P 500 sector indexes rose, with communication service    and technology    as the biggest winner with gains of nearly 3%.</p><p>&#34;It&#39;s just relief,&#34; said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. &#34;Selling pressure has been overwhelming the market recently and we could be having a break. That allowed room for stocks to move, and with lower volume (that) can materialize into a pretty good day.&#34;</p><p>Apple Inc , Alphabet Inc , Microsoft Corp and Amazon.com Inc, whose shares have been battered in the past few sessions, each gained more than 2.5%.</p><p>The U.S. Labor Department reported an increase in the number of Americans filing new claims for unemployment benefits last week. But the data indicates a tight U.S. job market even as the Fed works to cool demand for labor in its bid to lower inflation.</p><p>The yield on 10-year Treasury notes    fell 2.2 basis points to 3.864% on the news.</p><p>The Fed&#39;s aggressive interest rate hikes have hammered equities this year, with the benchmark S&amp;P 500    shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%.</p><p>The technology, consumer discretionary and communication services sectors - which house several rate-sensitive high growth shares - are down between 29% and 40% this year, making them the worst performers among S&amp;P 500 sector indexes.</p><p>Energy shares have bucked the trend with stellar annual gains of 57%.</p><p>Wall Street&#39;s main indexes dropped more than 1% on Wednesday, with the Nasdaq Composite Index    hitting a 2022 closing low as rising COVID cases in China and geopolitical tensions added to fears of a likely recession in 2023.</p><p>However, investor preference for high-dividend yielding stocks with steady earnings has limited losses in the Dow Jones Industrial Average   , which is down just 8.5% for the year.</p><p>The Dow rose 345.09 points, or 1.05%, to 33,220.8; the S&amp;P 500 gained 66.06 points, or 1.75%, at 3,849.28; and the Nasdaq Composite added 264.80 points, or 2.59%, at 10,478.09.</p><p>Tesla Inc    shares rose after Chief Executive Elon Musk told staff they should not be &#34;bothered by stock market craziness.&#34;</p><p>For 2022, Tesla&#39;s 66% slump and Amazon.com&#39;s 50% drop played a big part in the S&amp;P 500 consumer discretionary sector&#39;s 38% loss. Some $1.6 trillion worth of shareholder value evaporated after investors abandoned high-growth stocks with pricey earnings multiples.</p><p>Volume on U.S. exchanges was 8.78 billion shares, compared with the 10.95 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered decliners on the NYSE by a 4.80-to-1 ratio; on Nasdaq, a 4.30-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and no new lows; the Nasdaq Composite recorded 75 new highs and 160 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 St Ends Firmer, Growth Stocks Lead in Thin Trading</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 St Ends Firmer, Growth Stocks Lead in Thin Trading\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\">2022-12-30 07:11</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>U.S. weekly jobless claims show modest rise</li><li>Tesla extends gains after Musk&#39;s comment</li><li>Indexes up: Dow 1.05%, S&amp;P 500 1.75%, Nasdaq 2.59%</li></ul><p><img src=\"https://static.tigerbbs.com/459a65bcaf7f2c7137959a9afd944372\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 29 (Reuters) - Wall Street&#39;s main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve&#39;s interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.</p><p>All 11 S&amp;P 500 sector indexes rose, with communication service    and technology    as the biggest winner with gains of nearly 3%.</p><p>&#34;It&#39;s just relief,&#34; said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. &#34;Selling pressure has been overwhelming the market recently and we could be having a break. That allowed room for stocks to move, and with lower volume (that) can materialize into a pretty good day.&#34;</p><p>Apple Inc , Alphabet Inc , Microsoft Corp and Amazon.com Inc, whose shares have been battered in the past few sessions, each gained more than 2.5%.</p><p>The U.S. Labor Department reported an increase in the number of Americans filing new claims for unemployment benefits last week. But the data indicates a tight U.S. job market even as the Fed works to cool demand for labor in its bid to lower inflation.</p><p>The yield on 10-year Treasury notes    fell 2.2 basis points to 3.864% on the news.</p><p>The Fed&#39;s aggressive interest rate hikes have hammered equities this year, with the benchmark S&amp;P 500    shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%.</p><p>The technology, consumer discretionary and communication services sectors - which house several rate-sensitive high growth shares - are down between 29% and 40% this year, making them the worst performers among S&amp;P 500 sector indexes.</p><p>Energy shares have bucked the trend with stellar annual gains of 57%.</p><p>Wall Street&#39;s main indexes dropped more than 1% on Wednesday, with the Nasdaq Composite Index    hitting a 2022 closing low as rising COVID cases in China and geopolitical tensions added to fears of a likely recession in 2023.</p><p>However, investor preference for high-dividend yielding stocks with steady earnings has limited losses in the Dow Jones Industrial Average   , which is down just 8.5% for the year.</p><p>The Dow rose 345.09 points, or 1.05%, to 33,220.8; the S&amp;P 500 gained 66.06 points, or 1.75%, at 3,849.28; and the Nasdaq Composite added 264.80 points, or 2.59%, at 10,478.09.</p><p>Tesla Inc    shares rose after Chief Executive Elon Musk told staff they should not be &#34;bothered by stock market craziness.&#34;</p><p>For 2022, Tesla&#39;s 66% slump and Amazon.com&#39;s 50% drop played a big part in the S&amp;P 500 consumer discretionary sector&#39;s 38% loss. Some $1.6 trillion worth of shareholder value evaporated after investors abandoned high-growth stocks with pricey earnings multiples.</p><p>Volume on U.S. exchanges was 8.78 billion shares, compared with the 10.95 billion average for the full session over the last 20 trading days.</p><p>Advancing issues outnumbered decliners on the NYSE by a 4.80-to-1 ratio; on Nasdaq, a 4.30-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted <a href=\"https://laohu8.com/S/AONE.U\">one</a> new 52-week high and no new lows; the Nasdaq Composite recorded 75 new highs and 160 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",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2295194661","content_text":"U.S. weekly jobless claims show modest riseTesla extends gains after Musk's commentIndexes up: Dow 1.05%, S&P 500 1.75%, Nasdaq 2.59%Dec 29 (Reuters) - Wall Street's main indexes closed higher on Thursday, led by growth stocks in light trading, as U.S. unemployment data signaled the Federal Reserve's interest rate hikes might be starting to dent labor market strength in its bid to fight inflation.All 11 S&P 500 sector indexes rose, with communication service    and technology    as the biggest winner with gains of nearly 3%.\"It's just relief,\" said Keith Buchanan, portfolio manager at GLOBALT Investments in Atlanta. \"Selling pressure has been overwhelming the market recently and we could be having a break. That allowed room for stocks to move, and with lower volume (that) can materialize into a pretty good day.\"Apple Inc , Alphabet Inc , Microsoft Corp and Amazon.com Inc, whose shares have been battered in the past few sessions, each gained more than 2.5%.The U.S. Labor Department reported an increase in the number of Americans filing new claims for unemployment benefits last week. But the data indicates a tight U.S. job market even as the Fed works to cool demand for labor in its bid to lower inflation.The yield on 10-year Treasury notes    fell 2.2 basis points to 3.864% on the news.The Fed's aggressive interest rate hikes have hammered equities this year, with the benchmark S&P 500    shedding 19.3% and the tech-heavy Nasdaq tumbling nearly 33%.The technology, consumer discretionary and communication services sectors - which house several rate-sensitive high growth shares - are down between 29% and 40% this year, making them the worst performers among S&P 500 sector indexes.Energy shares have bucked the trend with stellar annual gains of 57%.Wall Street's main indexes dropped more than 1% on Wednesday, with the Nasdaq Composite Index    hitting a 2022 closing low as rising COVID cases in China and geopolitical tensions added to fears of a likely recession in 2023.However, investor preference for high-dividend yielding stocks with steady earnings has limited losses in the Dow Jones Industrial Average   , which is down just 8.5% for the year.The Dow rose 345.09 points, or 1.05%, to 33,220.8; the S&P 500 gained 66.06 points, or 1.75%, at 3,849.28; and the Nasdaq Composite added 264.80 points, or 2.59%, at 10,478.09.Tesla Inc    shares rose after Chief Executive Elon Musk told staff they should not be \"bothered by stock market craziness.\"For 2022, Tesla's 66% slump and Amazon.com's 50% drop played a big part in the S&P 500 consumer discretionary sector's 38% loss. Some $1.6 trillion worth of shareholder value evaporated after investors abandoned high-growth stocks with pricey earnings multiples.Volume on U.S. exchanges was 8.78 billion shares, compared with the 10.95 billion average for the full session over the last 20 trading days.Advancing issues outnumbered decliners on the NYSE by a 4.80-to-1 ratio; on Nasdaq, a 4.30-to-1 ratio favored advancers.The S&P 500 posted one new 52-week high and no new lows; the Nasdaq Composite recorded 75 new highs and 160 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9929428149,"gmtCreate":1670722805781,"gmtModify":1676538422805,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9929428149","repostId":"1151053281","repostType":4,"isVote":1,"tweetType":1,"viewCount":104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966679948,"gmtCreate":1669528684584,"gmtModify":1676538205369,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966679948","repostId":"1110767793","repostType":4,"repost":{"id":"1110767793","kind":"news","pubTimestamp":1669522613,"share":"https://ttm.financial/m/news/1110767793?lang=&edition=fundamental","pubTime":"2022-11-27 12:16","market":"us","language":"en","title":"Here's Why We Think SPY And QQQ Risks Are Skewed To The Downside","url":"https://stock-news.laohu8.com/highlight/detail?id=1110767793","media":"Seeking Alpha","summary":"SummaryEquities have been on a gradual climb since the beginning of the fourth quarter, with the SPY","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Equities have been on a gradual climb since the beginning of the fourth quarter, with the SPY up 13% and QQQ up 8% QTD.</li><li>There has also been some cautious optimism among investors on signs of easing inflation and the Fed&#39;s consideration for a moderation in the pace of coming rate hikes.</li><li>However, company fundamentals that were previously resilient are now just starting to show the first signs of cracks, while continued borrowing cost increases will only weigh on valuations further.</li><li>The following deep dive analysis will walk through past economic cycles, valuation theory, and recent economic data to gauge where Fed policy might be headed and the related implications on SPY and QQQ valuations as we head into the new year.</li></ul><p>The S&amp;P 500 (NYSEARCA: SPY/SP500) has gradually climbed more than 12% since the fourth quarter began, and closed at a two-month high during Wednesday&#39;s (November 23) session after a flurry of economic data released in recent weeks pointed to easing price pressures and market slowdown that could harbinger a dovish Fed policy stance over coming months. October CPI and PPI showed a stronger reduction in prices than expected, while recent data on jobless claims, retail sales, and business activity also pointed to a slowdown in demand, especially for discretionary goods.</p><p>Despite hawkish commentary from Fed officials still, investors are responding positively to remarks that the pace of rate hikes might be moderating from the recent slew of jumbo 75 bps increases. This has compounded market optimism on a potential shift on the Fed&#39;s policy tightening trajectory to a more dovish stance, with investors&#39; now focusing more on a potential slowdown in the pace of coming rate hikes than where the terminal rate might land (i.e. when the Fed might actually pivot).</p><p>But from a valuation and fundamental perspective, continued rate hikes are poised to squeeze multiples further into contraction, while ensuing deteriorating of financial conditions put corporate earnings at risk. With slowing demand, and mounting macroeconomic uncertainties over the Fed&#39;s tightening trajectory, when inflation would peak, and whether a recession is imminently still at large, volatility will likely continue to overpower markets. While it is difficult to gauge when exactly markets might bottom as macro deterioration gains momentum, the following analysis will turn to past tightening cycles and inflation environments, as well as basic valuation theory to explore where the market climate stands today and what to potentially expect over coming months.</p><p><b>Recent Economic Overview</b></p><p>The drumbeat for moderating inflation grew after CPI and PPI figures came in lower than expected. October CPI rose7.7% y/yand 0.4% m/m (core +6.3% y/y, +0.3% m/m), marking the &#34;smallest annual advance since the start of the year&#34; and coming in under economist estimates of 7.9% y/y and 0.6% m/m. U.S. PPI also eased in October, advancing 8% y/y(core +6.7% y/) and 0.2% m/m (core 0% m/m) compared with economist estimates of 8.3% y/y and 0.4% m/m. The back-to-back indication of easing price pressures pushed the S&amp;P 500 higher in early November, as markets saw it as an encouraging sign that the Fed might resort to less aggressive tightening in the months ahead and potentially achieve a soft-landing that could be beneficial to the valuation of risky assets that have been roiled across the board this year.</p><p>But investors were quickly sent back to the sidelines after stronger-than-expectedU.S. retail sales data for October indicated that the economy was still running hot, while Fed officials rushed to warn markets that &#34;inflation remains much too high for comfort&#34; and there is &#34;still a long way to go&#34; on keeping decades-high price increases under control. But a deeper look into the drivers of retail sales increases would suggest that consumer purchasing power is starting to feel the pinch of both rising inflation and interest rates, and the volume of sales is likely deteriorating too since the October figure of 1.3% is not adjusted for inflation.</p><p>As discussed in one of our recent coverages, the biggest driver of October&#39;s retail sales growth was on basic necessities like food and energy. Meanwhile, spending on discretionary goods like consumer electronics and apparel saw a marked decline, indicating that consumer purchasing power is waning on the back of surging inflation and tightening financial conditions:</p><blockquote>Meanwhile, retailers of discretionary goods such as apparel, consumer electronics, and sporting goods saw a sales decline of more than 2% over the same period. The results imply continued weakening in consumer purchasing power as inflationary pressures persist, while retailers of discretionary goods are looking to lure buyers ahead of the holiday shopping season with price cuts and steep discounts in an attempt to clear inventories.</blockquote><blockquote>Source: &#34;2 Retail Stocks to Watch After Retail Sales Rose in October - We are Watching Amazon and Apple&#34;</blockquote><p>The shift in consumer behavior in response to mounting macroeconomic uncertainties ahead is also telling of the impending demand slowdown over the coming months. Consumer credit card debt is fast approaching the pre-pandemic peak of $916 billion as of the end of September, and the continuation of this trend is further corroborated by recent observations by retailer Macy&#39;s (M), which saw its customers &#34;building larger balances on credit cards&#34;. The latest data shows that Americans&#39; credit card debt has increased by 15% y/y, the fastest pace in two decades while card borrowing costs topped 19%, a level not seen in 40 years.</p><p>The impending slowdown in demand and spending is further supported by the recent rise in jobless claims and contraction in business activity. U.S. jobless claims topped 240,000 during the week ended November 19th, topping consensus estimates of 225,000 and up from 17,000 in the prior week. The jump was the highest in months, a potential sign that the labor market might be cooling as a result of recent mass layoffs across big tech, though economists are also cautioning effects of seasonal attrition, which introduces a &#34;great deal of volatility into this data&#34;. The U.S. job market has remained stubbornly resilient despite the Fed&#39;s implementation of aggressive tools to slow the economy this year, with the jobless rate still at a 50-year low of3.7%:</p><blockquote>Tech companies represent about 2% of all employment in the country, said Richardson. That compares with 11% for the leisure and hospitality industry, which is still struggling to hire workers, she added.</blockquote><blockquote>Source:Bloomberg</blockquote><blockquote>The broad takeaway is a job market that&#39;s cooling albeit not very quickly. That lines up with Jerome Powell&#39;s characterization earlier this week, when the Fed chair acknowledged conditions haven&#39;t softened yet in an &#34;obvious&#34; way and said the central bank is eyeing a higher peak interest rate than it was two months ago.</blockquote><blockquote>Source:Bloomberg</blockquote><p>But added softness in business activity indicates that even &#34;some of the more resilient parts of the economy&#34; are undoubtedly showing cracks as a result of the Fed&#39;s aggressive policy stance deployed this year. The S&amp;P Global Flash U.S. Composite PMI, which measures activity across the American private sector, saw a &#34;solid contraction&#34; this month. The index reached the &#34;second lowest level&#34; since the onset of the pandemic and imitates the dire business environment in 2009. Managers reported slowing demand and new orders due to the effects of &#34;rising interest rates, economic uncertainty and the lingering effects of still elevated inflation&#34;. Consistent with commentary gathered in the latest third quarter earnings season, promotional offers are gaining momentum across suppliers, factories and service providers to &#34;help boost flagging sales&#34;, which is poised to weigh on private sector earnings over coming months.</p><p>Although easing inflationary pressures is a welcomed sight, recent data points to rapid unravelling of an economy that is likely headed towards recession. Minutes from the FOMC meeting in November indicated that policymakers are now seeing a 50/50 risk of recession within the next year, compared with a more aggressive forecast of65%on Wall Street and as much as100%by a Bloomberg Economics model.</p><p><b>What the Fed Says</b></p><p>Amidst the paradox between recent market optimism and a rapidly deteriorating macro backdrop, the Federal Reserve is sticking to its hawkish policy stance in hopes of preventing an unravelling of the work done to date to quell inflation. Recall Fed Chair Jerome Powell&#39;s stern remarks on managing market expectations during the post-meeting conference in November:</p><blockquote>CHRISTOPHER RUGABER. Great, and just a quick follow. It looks like stock and bond markets are reacting positively to your announcement so far. Is that something you wanted to see? Is that a problem or what-how that might affect your future policy to see this positive reaction?</blockquote><blockquote>CHAIR POWELL. We&#39;re not targeting any one or two particular things. Our message should be-what I&#39;m trying to do is make sure that our message is clear, which is that we think we have a ways to go, we have some ground to cover with interest rates before we get to, before we get to that level of interest rates that we think is sufficiently restrictive…If you look at the-I have a table of the last 12 months of 12-month readings, and there&#39;s really no pattern there. We&#39;re exactly where we were a year ago. So I would also say, it&#39;s premature to discuss pausing. And it&#39;s not something that we&#39;re thinking about. That&#39;s really not a conversation to be had now. We have a ways to go. And the last thing I&#39;ll say is that I would want people to understand our commitment to getting this done and to not making the mistake of not doing enough or the mistake of withdrawing our strong policy and doing that too soon. So those-I control those messages, and that&#39;s my job.</blockquote><blockquote>Source:Transcript of Chair Powell&#39;s Press Conference, November 2, 2022</blockquote><p>And the same policy stance has been proclaimed unanimously across commentary from Fed officials as of late, with many sticking to the narrative that there is still &#34;a long way to go&#34; when it comes to quelling inflation. Despite acknowledging that the &#34;lags with which monetary policy affects economic activity and inflation&#34; are now materializing, which draws the need to start considering a slowdown in the pace of rate hikes, policymakers remain fixed on tightening policy into restrictive territory, nonetheless. The hawkish commentary maintained indicates that &#34;the Fed is likely to lean against easing financial conditions&#34; despite recent data supporting that the economy is slowing. Specifically, a slowing economy is what the Fed essentially wants to ensure inflation is reined in. The intention of continued hawkishness is to prevent markets from mistaking any potential near-term deceleration in the pace of rate increases with a reversal of the economy&#39;s current slowdown.:</p><blockquote>The big picture illustrates that the Fed intends to slow down in order to allow more time for lags to operate and cumulative tightening to date to show up in the data. The hawkish talk from Chair Powell and many Fed officials subsequently is likely intended to provide air cover for the slowing to take place without an excessive easing of financial conditions.</blockquote><blockquote>Source:Bloomberg</blockquote><p><b>What the Past Says</b></p><p>While continued market volatility in the near-term is almost certain, when the market might bottom remains a big question mark. The Fed&#39;s monetary policy tightening campaign implemented this year is the most aggressive in 40-years, but the economy&#39;s relative resilience this time around when compared to the past suggests that some macroeconomic factors have inevitably changed.</p><p>For instance, technology plays a bigger role in today&#39;s economic development, while simpler factors like consumer behavior and the social construct&#39;s role in the global macro economy have also evolved significantly in the past decade alone. The recent COVID pandemic and the ensuing disruptions to businesses and global supply chains has also injected further complexity into today&#39;s macroeconomic conditions compared to past economic downturns, inflationary environments, and monetary policy tightening cycles. Yet, there are also many overlapping similarities between today&#39;s inflationary environment and monetary policy tightening cycles compared to ones in the past that could potentially shed some light on where the economy stands today and what potentially lies ahead.</p><p><b>The &#34;Global Recession&#34; in the 1970s to 1980s</b></p><p><b>Context</b>. Inflation reached double-digits in the U.S. and across major economies during the 1980s. Similar to today&#39;s situation, soaring food and energy prices were culprit to runaway inflation at the time. The back-to-back energy crisis stemming from the Arab oil embargo in the early 1970s and the Iranian Revolution later the same decade, which resulted in a rapid decline in supplies, pushed oil prices up by as much as fourfold at the time.</p><p>Inflation topped 12% in 1974 with the Fed funds rate rising from 7% to 16% by early 1975, pushing the economy into recession. A stark Fed pivot followed with the Fed funds rate cut to 5.25% by April 1975, causing inflation to return while growth remained stagnate. By the time the second energy crisis came around, accommodative policies were deployed by the Fed in hopes of countering unemployment, but backfired by worsening the pace of price increases - inflation rose from below 5% in early 1976 prior to the second energy crisis resulting from the Iranian Revolution, to 7% by 1979. The Federal Funds Rate was pushed from 6.9% to 10% over the same period in hopes of stamping out inflationary pressure without &#34;stifling fragile economic growth&#34; at the time, but to no avail, which led to an extended period of stagflation instead and pushed the economy into recession again.</p><p><b>Timeline of quantitative tightening</b>. The so-called &#34;stop-go policy&#34; during the 1970s came to an end when Paul Volcker took office as Fed Chair in 1979. Volcker made quelling inflation a priority, &#34;even if it came at the detriment of short-term employment&#34;. To some extent, this is similar to Fed Chair Powell&#39;s commitment to arresting decades-high inflation &#34;even if doing so risks an economic downturn&#34;.</p><p>Inflation had already entered double-digits at 11% when Volcker became Fed Chair, while America&#39;s jobless rate was inching close to 6% near the end of the 1970s. Fed rate hikes continued, pushing the economy into deep recession by 1982 with the unemployment rate reaching 11%. Over a three-year span, the Volker-led Fed pushed its benchmark rate as high as 20% and stayed in the double-digit range until inflation had fallen to 5% by late 1982. The Fed pivoted then with rates declining to single-digits, alleviating unemployment from the peak of 11% to 8% by 1983.</p><p><b>S&amp;P 500 Bottom</b>. The S&amp;P 500 traded at single-digit(7.4x to 9.0x) estimated earnings when Volcker led an aggressive quantitative tightening cycle, which was reflective of the lower value of future cash flows. The market subsequently recovered when it became structurally clear that double-digit inflation was put away for good in the latter half of the 1980s.</p><p><b>Policy mistakes</b>. The stop-go monetary policy implemented in the 1970s has been largely viewed as a policy mistake today:</p><blockquote>In the 1970s, the Fed pursued what economists would call &#34;stop-go&#34; monetary policy, which alternated between fighting high unemployment and high inflation. During the &#34;go&#34; periods, the Fed lowered interest rates to loosen the money supply and target lower unemployment. During the &#34;stop&#34; periods, when inflation mounted, the Fed would raise interest rates to reduce inflationary pressure.</blockquote><blockquote>Source:Federal Reserve History</blockquote><p>The on-and-off tightening eventually let inflation and unemployment run loose through the decade. Today, Fed Chair Powell looks to be taking a page from the 1970s on managing risks of runaway inflation, cautioning against a premature loosening of monetary policies even if economic recession is becoming a certain possibility.</p><blockquote>We are not trying to provoke, and I don&#39;t think we will need to provoke, a recession,&#34; Powell said at a hearing before the U.S. Senate Banking Committee, although he acknowledged that a recession was &#34;certainly a possibility&#34; and events in the last few months around the world had made it more difficult to reduce inflation without causing one</blockquote><blockquote>Source:Reuters</blockquote><p><b>Greenspan Tightening 1999 to 2000</b></p><p><b>Context.</b> The Federal Reserve had resorted to monetary easing in 1998 as a pre-emptive measure to shore up U.S. growth&#34;in the face of economic turmoil overseas&#34; at the time, even though unemployment was at a historical low rate of 4.5%. But by 1999, it was clear the U.S. economy was booming, exhibiting a combination of robust consumer demand and job market, while inflation remained in check. This led the Fed to reverse courseunder Alan Greenspan leadership, and aboard a rate hike cycle that consisted of a 175 bps increases in 1999 from 4.75% to 6.5% by mid-2000.</p><p><b>Timeline of quantitative tightening.</b> The 1999 tightening cycle was largely viewed as the Fed&#39;s intention to &#34;protect consumers and financial markets from something it has yet to see - a substantial rise in inflationary pressures&#34;. Inflation was largely flat at the time, while GDP growth almos thalved from 4.3% in the first quarter to 2.3% in the second quarter at the time.</p><p>By mid-2000, the Fed funds rate had reached 6.5%. Coinciding with the dotcom bubble burst that led to severe market instability, fears that continued tightening would slow the U.S. economy into recession had escalated. A Fed pivot ensued with rates cutting back to the 3% range, followed by further reductions in 2001 after the 9-11 World Trade Center terrorist attack that took the Fed funds rate to the 1% range.</p><p><b>S&amp;P 500 Bottom.</b> Over the course of the Greenspan-led &#34;flip-flop on interest rates&#34; between 1999 and 2001, stocks actually sold off even when the Fed pivoted to monetary easing. The selloff continued into late 2002 to levels not seen since 1998.</p><p>Market instability was marked by a combination of lofty valuations in internet stocks that fell to shambles after a slew of fraudulent reporting (cue Enron) and bankruptcies surfaced, underscoring rapid erosion of investors&#39; confidence. The 9-11 terrorist attack also escalated uncertainties over the U.S. economic outlook at the time, adding pressure to the market downturn at the time. The S&amp;P 500 bottomed by late 2002, trading at double-digit (~30x) estimated earnings - a stark contrast to observations in the 1980s - which was consistent with record-low borrowing costs at the time.</p><p><b>Policy mistakes.</b> The low interest rates embraced by Greenspan to arrest market instability and declines was largely known as the &#34;Greenspan put&#34;, which is viewed today as a key factor that led the run-up to the 2008 housing market collapse. The Greenspan put instilled a mentality that the Fed would restore market stability in the event of declines - essentially, moral hazard - which caused &#34;excessive risk-taking in stock markets&#34;. This eventually led to high-flying valuations, particularly in internet stocks, that crashed in the 2000s. Similar happened again when financial markets collapsed in 2008.</p><p><b>The &#34;Great Recession&#34; of 2007 to 2009 and the 2008 Financial Crisis</b></p><p><b>Context.</b> Rate hikes resumed under Greenspan&#39;s leadership in 2004 when GDP growth was pushing 4% while inflation was at 2.7% and unemployment at 5.4%, showing signs of an overheating economy. Interest rates rose from 1.0% to 5.25% over the course of 17 incremental hikes between 2004 and 2006, when inflation surpassed 3%.</p><p>By 2007, GDP growth had fallen to 2%, and deteriorated rapidly to 0.1% the following year with unemployment surpassing 7% and inflation pushing 4%. The U.S. economy had effectively entered recession at the time, with unemployment reaching 10% by late 2009 fuelled by the housing bubble burst in 2008 (i.e. 2008 financial crisis). The S&amp;P 500 fell 57% over the same period, wiping out close to$15 trillion in American&#39;s net worth.</p><p><b>Timeline of quantitative tightening.</b> The 2004 to 2006 tightening cycle peaked with the Fed funds rate at 5.25%, but was insufficient in stamping out inflation and keeping unemployment at bay. This effectively drove the U.S. economy into recession by 2007, with a combination of fiscal and monetary policy easing implemented under the leadership of then-president George W. Bush and then-Fed-Chair Ben Bernanke with aims of shoring up the economy. The 2008 financial crisis ensuing from the housing bubble burst that left &#34;trillions of dollars of worthless investments in subprime mortgages&#34; also compounded pains.</p><p>By the end of 2008, the Fed funds rate had already been cut to the0% to 0.25%range to stem the economy from unravelling further. The FOMC had intended to keep the Fed funds rate &#34;at exceptionally low levels for some time and then for an extended period&#34; at the time, and the near-zero range eventually held until 2015. Monetary policy under Bernanke&#39;s leadership was focused on the &#34;use [of the FOMC&#39;s] policy statement to provide forward guidance for the federal funds rate&#34;, which helped manage market&#39;s understanding of economic and financial conditions during the Great Recession.</p><p>The Fed also implemented &#34;large scale asset purchase&#34; (&#34;LSAP&#34;) programs at the time to ensure &#34;longer-term public and private borrowing rates&#34; were kept at low levels in alignment with the near-zero Fed funds rate. This included the Fed&#39;s buyback of mortgage-backed securities (&#34;MBS&#34;) and Treasuries at the time to &#34;reduce the cost and increase the availability of credit for home purchases&#34; - a detrimental corner of the market during the financial crisis. The LSAP program is also similar to the MBS and Treasury buybacks implemented by the Fed at the onset of the COVID pandemic in2020to &#34;help ensure chaotic markets function properly [and] ensure credit flows to corporations as well as state and local governments&#34;.</p><p><b>S&amp;P 500 Bottom.</b> The S&amp;P 500 fell 57% between October 2007 and March 2009, though the economy remained weak with unemployment still on the run towards 9.5% in June 2009 before peaking at 10% in October 2009. The index was trading at more than 70x estimated earnings at its trough in March 2009, which was consistent with the hit on corporate fundamental performance across the board, as well as record-low borrowing costs at the 0% to 0.25% range. The valuation multiple moderated to the 20x-range of forward earnings by 2010 as corporate fundamentals started to recover, while the Fed funds rate was held steady at the near-zero range.</p><p><b>Policy mistakes.</b> As discussed in the earlier section, the housing bubble burst that also contributed to the Global Recession from 2007 to 2009 was likely partially driven by market moral hazard instilled by the Greenspan put. Recall that Bernanke also sought to rapid rate cuts between 2007 and 2008 in response to deteriorating macro conditions and the sliding market, adopting a similar strategy as Greenspan that &#34;may have been a catalyst contributing to the conditions of the 2008 financial crisis&#34;.</p><p>However, Bernanke&#39;s subsequent adherence to low interest rates for an extended period, as well as bank bailouts that cost as much as$700 billion, and other monetary easing policies such as the LSAP program ($1.75 trillion) was key to the long, yet stable market recovery in the years that followed.</p><p><b>The COVID Pandemic</b></p><p><b>Context.</b> Fed rate hikes resumed in 2015 under Fed Chair Janet Yellen after economic growth showed an extended period of stabilization in the 2% range, while inflation was flat with unemployment at 5%. The hikes continued even after Jerome Powell took over as Fed Chair in 2018 until the Fed funds rate reached 2.5% by the end of the same year.</p><p><b>Timeline of quantitative tightening.</b> The Federal Reserve resumed monetary policy tightening in 2015 upon evidence of &#34;improvement in the labor market [and reasonable confidence] that inflation would move back to its 2% objective over the medium term&#34;. As mentioned in the earlier section, unemployment had fallen to 5% in 2015 from the peak of 10% during late 2009. The intention was to pursue rate hikes while also maintaining an accommodative policy stance to &#34;support further improvement in labor market conditions and a return to 2% inflation&#34;.</p><p>The Fed pivoted to rate cuts by the summer of 2019 after the global equity market lost close to $7 trillion of its value by the end of 2018. However, GDP maintained at the 2%-range at the time, while unemployment was at 3.5% and inflation inched up to 1.9%, which stoked concerns of an eventual economic downturn. Rates were cut from the peak of 2.5% in late 2018 to 1.75% by late 2019. Rapid easing took place with rates sliding to the 0% to 0.25% range at the onset of the COVID pandemic in March 2020.</p><p><b>S&amp;P 500 Bottom.</b> More than $7 trillion in global market value was lost in 2018, with the S&amp;P 500 giving up close to 10% of its value (or almost 18% from the 2018 peak in September) before finding bottom near year-end. The index was trading at about 20x forward earnings at the time, which was consistent with rising, yet still low, interest rates at the time, relative to past financial crises.</p><p><b>Policy mistakes</b>. Market critics have viewed the 2015 rate hike cycle as &#34;premature&#34;, given inflation was still struggling to climb back towards the 2% Fed target at the time. It was not until 2018 when inflation topped 2%, which also coincided with market&#39;s negative reaction to rising borrowing costs following the preceding years of a near-zero Fed funds rate.</p><p><b>What Exactly is Valuation Composed of?</b></p><p>Before drawing on past economic cycles to gauge forward expectations, we turn to basic valuation theory to understand the interaction between key driving factors, including interest rates, inflation, unemployment and GDP. Most of the time, when we think of valuation, we think of the fundamental leg (e.g. growth, earnings, cash flows, etc.) and the valuation multiple (which is influenced by cost of capital / discount rate). But in economic theory, valuation can also be split into the following two components: steady-state firm value + future value creation.</p><p><b>Steady-State Firm Value</b></p><p>The steady-state value is defined as the value of the firm when &#34;NOPAT (net operating profit after tax) is sustainable indefinitely and incremental investments will neither add, nor subtract, value&#34;. This does not necessarily mean the point at which a company grows at 0% forever, but rather the point of growth that stays constant regardless of whether incremental investments are made (i.e. it could be a steady-state perpetual growth or declining rate).</p><p><img src=\"https://static.tigerbbs.com/578dbfd401111f95b82426bc244ff6c8\" tg-width=\"640\" tg-height=\"67\" referrerpolicy=\"no-referrer\"/></p><p>Steady-State Value Formula (Valuation Theory)</p><p>One way to depict steady-state value is via the steady-state firm value P/E ratio, which is defined as 1 divided by cost of capital:</p><blockquote>A company can continue to grow earnings as it invests at the cost of capital. It will just fail to create value, and hence should trade at its steady-state worth. We can readily translate from the steady-state value to a steady-state price-earnings multiple, which is the reciprocal of the cost of [capital].</blockquote><blockquote>Source:Credit Suisse</blockquote><p>The intuition is to find the valuation multiple (i.e. P/E ratio, in this case) reflective of the point at which continued investments at the cost of capital will continue to drive earnings growth, but not necessarily yield any incremental value creation, and hence stay at a steady-state of &#34;1&#34;.</p><p>To gauge where the market&#39;s steady-state value might be headed, we turn to key driving factor, cost of capital. Cost of capital is essentially the borrowing cost, which can be benchmarked against the Fed funds rate. Based on an understanding of past economic cycles, the Federal Reserve today is likely leaning towards the Volcker era, with a sprinkle of Bernanke.</p><p>What this means is that the Fed&#39;s commitment to taming inflation - even if it comes at the cost of some near-term economic pain - will eventually lead to more rate hikes in coming months, especially as inflation today remains far from the 2% target. This is consistent with the growing drumbeat of calls by Fed officials to raise rates into &#34;restrictive territory&#34; and holding it there until there is structural evidence inflation is back on track towards the committee&#39;s target range. To prevent further policy mistakes (we say &#34;further&#34; since the whole &#34;transitory inflation&#34; narrative last year obviously did not work out), responding to recent signs of slowing demand with a Fed pivot is essentially off the table, as implementing such as policy would likely be begging for a repeat of the &#34;stop-go&#34; disaster in the 1970s before Volcker. At best, the Fed will likely stick to what it has been doing at recent meetings - setting clean and clear forward expectations for markets like Bernanke had. In today&#39;s case, this means there will be more tightening in financial conditions that could potentially push the terminal rate higher, while keeping in mind of the &#34;effects of lags in monetary policy&#34; and start considering a moderation in the pace of coming rate hikes.</p><p>Traders are largely expecting a moderation in the pace of rate hikes from the jumbo 75 bps seen over the summer and fall, to a half-point increase at the coming December meeting, which would bring the Fed funds rate range from the current 3.75% to 4%, to 4.25% to 4.5%. The terminal rate is expected to reach 5% to 5.25%based on current prices on 1H23 Fed swaps. Substituting the estimated terminal rate of about 5% plus an additional percentage point to account for forward market risk premium (reflective of difference between 1-year Treasury yield of about 4.75% today and the current Fed funds rate range of 3.75% and 4%) as proxy for market cost of capital in gauging the steady-state firm value P/E ratio would yield about 17x. The S&amp;P 500, which can be viewed as a proxy for the weighted average of its constituents&#39; respective valuations, currently trades at about 20x estimated earnings. If market steady-state firm value is to be adjusted as a result of continued Fed policy tightening, the S&amp;P 500 could potentially move another leg lower by as much as 15% between now and when the Fed funds rate peaks in the current tightening cycle, which is estimated to occur by mid-2023.</p><p>But there are a myriad of other factors that could impact where the so-called steady-state firm value is headed as Fed tightening continues over coming months, including economic growth and investor sentiment on a broader basis. This is consistent with the observation discussed in earlier sections that market bottomed in March 2009 even though the economy continued to deteriorate with unemployment hitting trough at 10% seven months later in October 2009. This could both be reflective of the fact that market is forward looking (or priced at estimated earnings and forward macro expectations) and/or the lag effect in which monetary policy works, among other factors. What this essentially means is that while rate hikes are expected to peak by mid-2023, it does not necessarily mean that is also when the market will bottom. But nonetheless, even if it is almost impossible to gauge the exact timing, it is more likely that not that the market is skewed towards further downside risks through the first quarter of 2023 at the minimum.</p><p>In addition to the steady-state P/E ratio method, the Gordon growth model is another way to gauge steady-state firm value.</p><p><img src=\"https://static.tigerbbs.com/97b0f365e67a424db79cb49516d8b5f7\" tg-width=\"640\" tg-height=\"74\" referrerpolicy=\"no-referrer\"/></p><p>Gordon Growth Model (Valuation Theory)</p><p>The key assumption here other than cost of capital is GDP growth. GDP growth is typically used as a key benchmark to gauge the implied perpetual growth of a company, with addition consideration of the maturity of its industry as well as other company-specific factors such as market leadership, competitive advantages, and/or market share:</p><blockquote>Companies operating in industries that are higher growth in nature are typically valued at a perpetual growth rate closer to or more than GDP, given their greater contributions to economic growth. Alternatively, companies operating in lower growth and/or mature industries are typically allocated a lower perpetual growth rate.</blockquote><blockquote>Source: &#34;Shorting Tesla: Bridging Lofty Valuations to Economics&#34;</blockquote><p>As discussed in the earlier section, demand is likely to show a marked slowdown in coming months as consumer purchasing power wanes, especially if unemployment worsens, which will lead to further deteriorating in economic growth. Even though the labor market has remained largely resilient despite the recent slew of high-paid tech layoffs (accounts foronly ~2%of total U.S. employment), consumer weakness is expected to tame demand further and eventually hit corporate earnings, potentially resulting in more cost-driven job cuts. This is further corroborated by the gradual uptick in recent jobless claimsas well as jobless rate to &#34;3.7%from a more than five-decade low&#34;. This means GDP is likely to slow as interest rates increase, widening the spread between cost of capital and growth in the denominator of the Gordon growth model, and inadvertently, diminishing the steady-state firm value.</p><p><b>Future Value Creation Premium</b></p><p>The future value creation premium accounts for the incremental value that additional investments at the cost of capital would earn (i.e. return on capital), and also takes into consideration the time period in which this value-creating opportunity would last.</p><p><img src=\"https://static.tigerbbs.com/08bfdfec8d89633ac41365f0fcd39554\" tg-width=\"640\" tg-height=\"48\" referrerpolicy=\"no-referrer\"/></p><p>Future Value Creation Formula (Valuation Theory)</p><p>This is essentially a premium to the steady-state firm value, and explains the lofty valuations relative to broader markets observed in certain stocks, such as Apple(AAPL), Tesla(TSLA) and Snowflake(SNOW), today. Admittedly, these companies have either or all of outperforming balance sheets, profit margins, and/or growth prospects relative to peers, but not all are valued in proportion to the mean growth-valuation ratio observed among their respective peer groups.</p><p>In addition to the &#34;competitive advantage period&#34;, which measures the anticipated time period in which the added value-creating opportunity would last, key assumptions in deriving future value creation premium is return on capital and cost of capital. And return on capital can be substituted by anticipated economic expansion, or GDP growth - when the economy is good, growth and profit margins will likely perform better, and vice versa. But as discussed in the earlier section, GDP growth is likely skewed to the downside within the foreseeable future as demand continues to slow and profit margins get squeezed as a result of high input costs, and near-term requirements for more-than-usual promotional offers to offload excess product inventories.</p><p>Paired with the anticipation for greater increases to the cost of capital as a result of Fed hawkishness that will more likely than not continue for a while longer, the cost-return spread in the numerator of the future value creation component of valuation is poised to narrow. And as cost of capital continues to increase, the denominator will also expand, hence diminishing the future value creation component of broader market valuations, which corroborates the expectation for more downside potential within the near-term.</p><p><b>Implications for the S&amp;P 500 and Nasdaq 100 - Is the Bottom Near?</b></p><p>Based on valuation theory, and the anticipation for sustained hawkish Fed sentiment drawn from historical observations, the broader market is likely to see further volatility ahead as valuations adjust to rising rates and declining demand. While the timing at which markets will bottom remains uncertain, we are of the view that company fundamentals are only just starting to feel the impact of consumer weakness, which points to further value erosion through 1H23.</p><p>Specifically, consumer spending has remained resilient through the first half of 2022 despite deteriorating sentiment due to surging inflation and rising borrowing costs. But headed into the first half of the fourth quarter, declining business activity and warnings of a marked slowdown among consumer-centric industries such as retail underscore that waning consumer sentiment is now really materializing into real weakness. This is further supported by the consistent drop in American household savings and rise in credit card debt, among other observations, discussed earlier on in this analysis.</p><p>And a specific note to the tech-heavy Nasdaq 100 (NASDAQ: QQQ/NDX), constituents&#39; valuations are likely to be hit harder compared to those in the S&amp;P 500 given their cash flows are further out (with some still in pre-revenue phase and/or unprofitable) from realization and subject to a heavier discount as costs of capital increase. The index also consists of constituents with some of the biggest valuation premiums given lofty forward growth expectations previously priced in that may not materialize as expected within the foreseeable future, thus pointing to greater vulnerability to downside risks ahead.</p><p>And given risks of further macro deterioration are now skewed higher with recent economic data pointing to a moderation in the labor market, while monetary policy tightening continues to flow through different corners of the economy, the ensuing rise in the likelihood of a recession will likely take the market a leg lower through the first half of 2023, even if we start to see structural easing in price pressures.</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>Here's Why We Think SPY And QQQ Risks Are Skewed To The Downside</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\">\nHere's Why We Think SPY And QQQ Risks Are Skewed To The Downside\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-27 12:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560523-heres-why-we-think-spy-and-qqq-risks-are-skewed-to-the-downside><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryEquities have been on a gradual climb since the beginning of the fourth quarter, with the SPY up 13% and QQQ up 8% QTD.There has also been some cautious optimism among investors on signs of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4560523-heres-why-we-think-spy-and-qqq-risks-are-skewed-to-the-downside\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QQQ":"纳指100ETF","SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4560523-heres-why-we-think-spy-and-qqq-risks-are-skewed-to-the-downside","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110767793","content_text":"SummaryEquities have been on a gradual climb since the beginning of the fourth quarter, with the SPY up 13% and QQQ up 8% QTD.There has also been some cautious optimism among investors on signs of easing inflation and the Fed's consideration for a moderation in the pace of coming rate hikes.However, company fundamentals that were previously resilient are now just starting to show the first signs of cracks, while continued borrowing cost increases will only weigh on valuations further.The following deep dive analysis will walk through past economic cycles, valuation theory, and recent economic data to gauge where Fed policy might be headed and the related implications on SPY and QQQ valuations as we head into the new year.The S&P 500 (NYSEARCA: SPY/SP500) has gradually climbed more than 12% since the fourth quarter began, and closed at a two-month high during Wednesday's (November 23) session after a flurry of economic data released in recent weeks pointed to easing price pressures and market slowdown that could harbinger a dovish Fed policy stance over coming months. October CPI and PPI showed a stronger reduction in prices than expected, while recent data on jobless claims, retail sales, and business activity also pointed to a slowdown in demand, especially for discretionary goods.Despite hawkish commentary from Fed officials still, investors are responding positively to remarks that the pace of rate hikes might be moderating from the recent slew of jumbo 75 bps increases. This has compounded market optimism on a potential shift on the Fed's policy tightening trajectory to a more dovish stance, with investors' now focusing more on a potential slowdown in the pace of coming rate hikes than where the terminal rate might land (i.e. when the Fed might actually pivot).But from a valuation and fundamental perspective, continued rate hikes are poised to squeeze multiples further into contraction, while ensuing deteriorating of financial conditions put corporate earnings at risk. With slowing demand, and mounting macroeconomic uncertainties over the Fed's tightening trajectory, when inflation would peak, and whether a recession is imminently still at large, volatility will likely continue to overpower markets. While it is difficult to gauge when exactly markets might bottom as macro deterioration gains momentum, the following analysis will turn to past tightening cycles and inflation environments, as well as basic valuation theory to explore where the market climate stands today and what to potentially expect over coming months.Recent Economic OverviewThe drumbeat for moderating inflation grew after CPI and PPI figures came in lower than expected. October CPI rose7.7% y/yand 0.4% m/m (core +6.3% y/y, +0.3% m/m), marking the \"smallest annual advance since the start of the year\" and coming in under economist estimates of 7.9% y/y and 0.6% m/m. U.S. PPI also eased in October, advancing 8% y/y(core +6.7% y/) and 0.2% m/m (core 0% m/m) compared with economist estimates of 8.3% y/y and 0.4% m/m. The back-to-back indication of easing price pressures pushed the S&P 500 higher in early November, as markets saw it as an encouraging sign that the Fed might resort to less aggressive tightening in the months ahead and potentially achieve a soft-landing that could be beneficial to the valuation of risky assets that have been roiled across the board this year.But investors were quickly sent back to the sidelines after stronger-than-expectedU.S. retail sales data for October indicated that the economy was still running hot, while Fed officials rushed to warn markets that \"inflation remains much too high for comfort\" and there is \"still a long way to go\" on keeping decades-high price increases under control. But a deeper look into the drivers of retail sales increases would suggest that consumer purchasing power is starting to feel the pinch of both rising inflation and interest rates, and the volume of sales is likely deteriorating too since the October figure of 1.3% is not adjusted for inflation.As discussed in one of our recent coverages, the biggest driver of October's retail sales growth was on basic necessities like food and energy. Meanwhile, spending on discretionary goods like consumer electronics and apparel saw a marked decline, indicating that consumer purchasing power is waning on the back of surging inflation and tightening financial conditions:Meanwhile, retailers of discretionary goods such as apparel, consumer electronics, and sporting goods saw a sales decline of more than 2% over the same period. The results imply continued weakening in consumer purchasing power as inflationary pressures persist, while retailers of discretionary goods are looking to lure buyers ahead of the holiday shopping season with price cuts and steep discounts in an attempt to clear inventories.Source: \"2 Retail Stocks to Watch After Retail Sales Rose in October - We are Watching Amazon and Apple\"The shift in consumer behavior in response to mounting macroeconomic uncertainties ahead is also telling of the impending demand slowdown over the coming months. Consumer credit card debt is fast approaching the pre-pandemic peak of $916 billion as of the end of September, and the continuation of this trend is further corroborated by recent observations by retailer Macy's (M), which saw its customers \"building larger balances on credit cards\". The latest data shows that Americans' credit card debt has increased by 15% y/y, the fastest pace in two decades while card borrowing costs topped 19%, a level not seen in 40 years.The impending slowdown in demand and spending is further supported by the recent rise in jobless claims and contraction in business activity. U.S. jobless claims topped 240,000 during the week ended November 19th, topping consensus estimates of 225,000 and up from 17,000 in the prior week. The jump was the highest in months, a potential sign that the labor market might be cooling as a result of recent mass layoffs across big tech, though economists are also cautioning effects of seasonal attrition, which introduces a \"great deal of volatility into this data\". The U.S. job market has remained stubbornly resilient despite the Fed's implementation of aggressive tools to slow the economy this year, with the jobless rate still at a 50-year low of3.7%:Tech companies represent about 2% of all employment in the country, said Richardson. That compares with 11% for the leisure and hospitality industry, which is still struggling to hire workers, she added.Source:BloombergThe broad takeaway is a job market that's cooling albeit not very quickly. That lines up with Jerome Powell's characterization earlier this week, when the Fed chair acknowledged conditions haven't softened yet in an \"obvious\" way and said the central bank is eyeing a higher peak interest rate than it was two months ago.Source:BloombergBut added softness in business activity indicates that even \"some of the more resilient parts of the economy\" are undoubtedly showing cracks as a result of the Fed's aggressive policy stance deployed this year. The S&P Global Flash U.S. Composite PMI, which measures activity across the American private sector, saw a \"solid contraction\" this month. The index reached the \"second lowest level\" since the onset of the pandemic and imitates the dire business environment in 2009. Managers reported slowing demand and new orders due to the effects of \"rising interest rates, economic uncertainty and the lingering effects of still elevated inflation\". Consistent with commentary gathered in the latest third quarter earnings season, promotional offers are gaining momentum across suppliers, factories and service providers to \"help boost flagging sales\", which is poised to weigh on private sector earnings over coming months.Although easing inflationary pressures is a welcomed sight, recent data points to rapid unravelling of an economy that is likely headed towards recession. Minutes from the FOMC meeting in November indicated that policymakers are now seeing a 50/50 risk of recession within the next year, compared with a more aggressive forecast of65%on Wall Street and as much as100%by a Bloomberg Economics model.What the Fed SaysAmidst the paradox between recent market optimism and a rapidly deteriorating macro backdrop, the Federal Reserve is sticking to its hawkish policy stance in hopes of preventing an unravelling of the work done to date to quell inflation. Recall Fed Chair Jerome Powell's stern remarks on managing market expectations during the post-meeting conference in November:CHRISTOPHER RUGABER. Great, and just a quick follow. It looks like stock and bond markets are reacting positively to your announcement so far. Is that something you wanted to see? Is that a problem or what-how that might affect your future policy to see this positive reaction?CHAIR POWELL. We're not targeting any one or two particular things. Our message should be-what I'm trying to do is make sure that our message is clear, which is that we think we have a ways to go, we have some ground to cover with interest rates before we get to, before we get to that level of interest rates that we think is sufficiently restrictive…If you look at the-I have a table of the last 12 months of 12-month readings, and there's really no pattern there. We're exactly where we were a year ago. So I would also say, it's premature to discuss pausing. And it's not something that we're thinking about. That's really not a conversation to be had now. We have a ways to go. And the last thing I'll say is that I would want people to understand our commitment to getting this done and to not making the mistake of not doing enough or the mistake of withdrawing our strong policy and doing that too soon. So those-I control those messages, and that's my job.Source:Transcript of Chair Powell's Press Conference, November 2, 2022And the same policy stance has been proclaimed unanimously across commentary from Fed officials as of late, with many sticking to the narrative that there is still \"a long way to go\" when it comes to quelling inflation. Despite acknowledging that the \"lags with which monetary policy affects economic activity and inflation\" are now materializing, which draws the need to start considering a slowdown in the pace of rate hikes, policymakers remain fixed on tightening policy into restrictive territory, nonetheless. The hawkish commentary maintained indicates that \"the Fed is likely to lean against easing financial conditions\" despite recent data supporting that the economy is slowing. Specifically, a slowing economy is what the Fed essentially wants to ensure inflation is reined in. The intention of continued hawkishness is to prevent markets from mistaking any potential near-term deceleration in the pace of rate increases with a reversal of the economy's current slowdown.:The big picture illustrates that the Fed intends to slow down in order to allow more time for lags to operate and cumulative tightening to date to show up in the data. The hawkish talk from Chair Powell and many Fed officials subsequently is likely intended to provide air cover for the slowing to take place without an excessive easing of financial conditions.Source:BloombergWhat the Past SaysWhile continued market volatility in the near-term is almost certain, when the market might bottom remains a big question mark. The Fed's monetary policy tightening campaign implemented this year is the most aggressive in 40-years, but the economy's relative resilience this time around when compared to the past suggests that some macroeconomic factors have inevitably changed.For instance, technology plays a bigger role in today's economic development, while simpler factors like consumer behavior and the social construct's role in the global macro economy have also evolved significantly in the past decade alone. The recent COVID pandemic and the ensuing disruptions to businesses and global supply chains has also injected further complexity into today's macroeconomic conditions compared to past economic downturns, inflationary environments, and monetary policy tightening cycles. Yet, there are also many overlapping similarities between today's inflationary environment and monetary policy tightening cycles compared to ones in the past that could potentially shed some light on where the economy stands today and what potentially lies ahead.The \"Global Recession\" in the 1970s to 1980sContext. Inflation reached double-digits in the U.S. and across major economies during the 1980s. Similar to today's situation, soaring food and energy prices were culprit to runaway inflation at the time. The back-to-back energy crisis stemming from the Arab oil embargo in the early 1970s and the Iranian Revolution later the same decade, which resulted in a rapid decline in supplies, pushed oil prices up by as much as fourfold at the time.Inflation topped 12% in 1974 with the Fed funds rate rising from 7% to 16% by early 1975, pushing the economy into recession. A stark Fed pivot followed with the Fed funds rate cut to 5.25% by April 1975, causing inflation to return while growth remained stagnate. By the time the second energy crisis came around, accommodative policies were deployed by the Fed in hopes of countering unemployment, but backfired by worsening the pace of price increases - inflation rose from below 5% in early 1976 prior to the second energy crisis resulting from the Iranian Revolution, to 7% by 1979. The Federal Funds Rate was pushed from 6.9% to 10% over the same period in hopes of stamping out inflationary pressure without \"stifling fragile economic growth\" at the time, but to no avail, which led to an extended period of stagflation instead and pushed the economy into recession again.Timeline of quantitative tightening. The so-called \"stop-go policy\" during the 1970s came to an end when Paul Volcker took office as Fed Chair in 1979. Volcker made quelling inflation a priority, \"even if it came at the detriment of short-term employment\". To some extent, this is similar to Fed Chair Powell's commitment to arresting decades-high inflation \"even if doing so risks an economic downturn\".Inflation had already entered double-digits at 11% when Volcker became Fed Chair, while America's jobless rate was inching close to 6% near the end of the 1970s. Fed rate hikes continued, pushing the economy into deep recession by 1982 with the unemployment rate reaching 11%. Over a three-year span, the Volker-led Fed pushed its benchmark rate as high as 20% and stayed in the double-digit range until inflation had fallen to 5% by late 1982. The Fed pivoted then with rates declining to single-digits, alleviating unemployment from the peak of 11% to 8% by 1983.S&P 500 Bottom. The S&P 500 traded at single-digit(7.4x to 9.0x) estimated earnings when Volcker led an aggressive quantitative tightening cycle, which was reflective of the lower value of future cash flows. The market subsequently recovered when it became structurally clear that double-digit inflation was put away for good in the latter half of the 1980s.Policy mistakes. The stop-go monetary policy implemented in the 1970s has been largely viewed as a policy mistake today:In the 1970s, the Fed pursued what economists would call \"stop-go\" monetary policy, which alternated between fighting high unemployment and high inflation. During the \"go\" periods, the Fed lowered interest rates to loosen the money supply and target lower unemployment. During the \"stop\" periods, when inflation mounted, the Fed would raise interest rates to reduce inflationary pressure.Source:Federal Reserve HistoryThe on-and-off tightening eventually let inflation and unemployment run loose through the decade. Today, Fed Chair Powell looks to be taking a page from the 1970s on managing risks of runaway inflation, cautioning against a premature loosening of monetary policies even if economic recession is becoming a certain possibility.We are not trying to provoke, and I don't think we will need to provoke, a recession,\" Powell said at a hearing before the U.S. Senate Banking Committee, although he acknowledged that a recession was \"certainly a possibility\" and events in the last few months around the world had made it more difficult to reduce inflation without causing oneSource:ReutersGreenspan Tightening 1999 to 2000Context. The Federal Reserve had resorted to monetary easing in 1998 as a pre-emptive measure to shore up U.S. growth\"in the face of economic turmoil overseas\" at the time, even though unemployment was at a historical low rate of 4.5%. But by 1999, it was clear the U.S. economy was booming, exhibiting a combination of robust consumer demand and job market, while inflation remained in check. This led the Fed to reverse courseunder Alan Greenspan leadership, and aboard a rate hike cycle that consisted of a 175 bps increases in 1999 from 4.75% to 6.5% by mid-2000.Timeline of quantitative tightening. The 1999 tightening cycle was largely viewed as the Fed's intention to \"protect consumers and financial markets from something it has yet to see - a substantial rise in inflationary pressures\". Inflation was largely flat at the time, while GDP growth almos thalved from 4.3% in the first quarter to 2.3% in the second quarter at the time.By mid-2000, the Fed funds rate had reached 6.5%. Coinciding with the dotcom bubble burst that led to severe market instability, fears that continued tightening would slow the U.S. economy into recession had escalated. A Fed pivot ensued with rates cutting back to the 3% range, followed by further reductions in 2001 after the 9-11 World Trade Center terrorist attack that took the Fed funds rate to the 1% range.S&P 500 Bottom. Over the course of the Greenspan-led \"flip-flop on interest rates\" between 1999 and 2001, stocks actually sold off even when the Fed pivoted to monetary easing. The selloff continued into late 2002 to levels not seen since 1998.Market instability was marked by a combination of lofty valuations in internet stocks that fell to shambles after a slew of fraudulent reporting (cue Enron) and bankruptcies surfaced, underscoring rapid erosion of investors' confidence. The 9-11 terrorist attack also escalated uncertainties over the U.S. economic outlook at the time, adding pressure to the market downturn at the time. The S&P 500 bottomed by late 2002, trading at double-digit (~30x) estimated earnings - a stark contrast to observations in the 1980s - which was consistent with record-low borrowing costs at the time.Policy mistakes. The low interest rates embraced by Greenspan to arrest market instability and declines was largely known as the \"Greenspan put\", which is viewed today as a key factor that led the run-up to the 2008 housing market collapse. The Greenspan put instilled a mentality that the Fed would restore market stability in the event of declines - essentially, moral hazard - which caused \"excessive risk-taking in stock markets\". This eventually led to high-flying valuations, particularly in internet stocks, that crashed in the 2000s. Similar happened again when financial markets collapsed in 2008.The \"Great Recession\" of 2007 to 2009 and the 2008 Financial CrisisContext. Rate hikes resumed under Greenspan's leadership in 2004 when GDP growth was pushing 4% while inflation was at 2.7% and unemployment at 5.4%, showing signs of an overheating economy. Interest rates rose from 1.0% to 5.25% over the course of 17 incremental hikes between 2004 and 2006, when inflation surpassed 3%.By 2007, GDP growth had fallen to 2%, and deteriorated rapidly to 0.1% the following year with unemployment surpassing 7% and inflation pushing 4%. The U.S. economy had effectively entered recession at the time, with unemployment reaching 10% by late 2009 fuelled by the housing bubble burst in 2008 (i.e. 2008 financial crisis). The S&P 500 fell 57% over the same period, wiping out close to$15 trillion in American's net worth.Timeline of quantitative tightening. The 2004 to 2006 tightening cycle peaked with the Fed funds rate at 5.25%, but was insufficient in stamping out inflation and keeping unemployment at bay. This effectively drove the U.S. economy into recession by 2007, with a combination of fiscal and monetary policy easing implemented under the leadership of then-president George W. Bush and then-Fed-Chair Ben Bernanke with aims of shoring up the economy. The 2008 financial crisis ensuing from the housing bubble burst that left \"trillions of dollars of worthless investments in subprime mortgages\" also compounded pains.By the end of 2008, the Fed funds rate had already been cut to the0% to 0.25%range to stem the economy from unravelling further. The FOMC had intended to keep the Fed funds rate \"at exceptionally low levels for some time and then for an extended period\" at the time, and the near-zero range eventually held until 2015. Monetary policy under Bernanke's leadership was focused on the \"use [of the FOMC's] policy statement to provide forward guidance for the federal funds rate\", which helped manage market's understanding of economic and financial conditions during the Great Recession.The Fed also implemented \"large scale asset purchase\" (\"LSAP\") programs at the time to ensure \"longer-term public and private borrowing rates\" were kept at low levels in alignment with the near-zero Fed funds rate. This included the Fed's buyback of mortgage-backed securities (\"MBS\") and Treasuries at the time to \"reduce the cost and increase the availability of credit for home purchases\" - a detrimental corner of the market during the financial crisis. The LSAP program is also similar to the MBS and Treasury buybacks implemented by the Fed at the onset of the COVID pandemic in2020to \"help ensure chaotic markets function properly [and] ensure credit flows to corporations as well as state and local governments\".S&P 500 Bottom. The S&P 500 fell 57% between October 2007 and March 2009, though the economy remained weak with unemployment still on the run towards 9.5% in June 2009 before peaking at 10% in October 2009. The index was trading at more than 70x estimated earnings at its trough in March 2009, which was consistent with the hit on corporate fundamental performance across the board, as well as record-low borrowing costs at the 0% to 0.25% range. The valuation multiple moderated to the 20x-range of forward earnings by 2010 as corporate fundamentals started to recover, while the Fed funds rate was held steady at the near-zero range.Policy mistakes. As discussed in the earlier section, the housing bubble burst that also contributed to the Global Recession from 2007 to 2009 was likely partially driven by market moral hazard instilled by the Greenspan put. Recall that Bernanke also sought to rapid rate cuts between 2007 and 2008 in response to deteriorating macro conditions and the sliding market, adopting a similar strategy as Greenspan that \"may have been a catalyst contributing to the conditions of the 2008 financial crisis\".However, Bernanke's subsequent adherence to low interest rates for an extended period, as well as bank bailouts that cost as much as$700 billion, and other monetary easing policies such as the LSAP program ($1.75 trillion) was key to the long, yet stable market recovery in the years that followed.The COVID PandemicContext. Fed rate hikes resumed in 2015 under Fed Chair Janet Yellen after economic growth showed an extended period of stabilization in the 2% range, while inflation was flat with unemployment at 5%. The hikes continued even after Jerome Powell took over as Fed Chair in 2018 until the Fed funds rate reached 2.5% by the end of the same year.Timeline of quantitative tightening. The Federal Reserve resumed monetary policy tightening in 2015 upon evidence of \"improvement in the labor market [and reasonable confidence] that inflation would move back to its 2% objective over the medium term\". As mentioned in the earlier section, unemployment had fallen to 5% in 2015 from the peak of 10% during late 2009. The intention was to pursue rate hikes while also maintaining an accommodative policy stance to \"support further improvement in labor market conditions and a return to 2% inflation\".The Fed pivoted to rate cuts by the summer of 2019 after the global equity market lost close to $7 trillion of its value by the end of 2018. However, GDP maintained at the 2%-range at the time, while unemployment was at 3.5% and inflation inched up to 1.9%, which stoked concerns of an eventual economic downturn. Rates were cut from the peak of 2.5% in late 2018 to 1.75% by late 2019. Rapid easing took place with rates sliding to the 0% to 0.25% range at the onset of the COVID pandemic in March 2020.S&P 500 Bottom. More than $7 trillion in global market value was lost in 2018, with the S&P 500 giving up close to 10% of its value (or almost 18% from the 2018 peak in September) before finding bottom near year-end. The index was trading at about 20x forward earnings at the time, which was consistent with rising, yet still low, interest rates at the time, relative to past financial crises.Policy mistakes. Market critics have viewed the 2015 rate hike cycle as \"premature\", given inflation was still struggling to climb back towards the 2% Fed target at the time. It was not until 2018 when inflation topped 2%, which also coincided with market's negative reaction to rising borrowing costs following the preceding years of a near-zero Fed funds rate.What Exactly is Valuation Composed of?Before drawing on past economic cycles to gauge forward expectations, we turn to basic valuation theory to understand the interaction between key driving factors, including interest rates, inflation, unemployment and GDP. Most of the time, when we think of valuation, we think of the fundamental leg (e.g. growth, earnings, cash flows, etc.) and the valuation multiple (which is influenced by cost of capital / discount rate). But in economic theory, valuation can also be split into the following two components: steady-state firm value + future value creation.Steady-State Firm ValueThe steady-state value is defined as the value of the firm when \"NOPAT (net operating profit after tax) is sustainable indefinitely and incremental investments will neither add, nor subtract, value\". This does not necessarily mean the point at which a company grows at 0% forever, but rather the point of growth that stays constant regardless of whether incremental investments are made (i.e. it could be a steady-state perpetual growth or declining rate).Steady-State Value Formula (Valuation Theory)One way to depict steady-state value is via the steady-state firm value P/E ratio, which is defined as 1 divided by cost of capital:A company can continue to grow earnings as it invests at the cost of capital. It will just fail to create value, and hence should trade at its steady-state worth. We can readily translate from the steady-state value to a steady-state price-earnings multiple, which is the reciprocal of the cost of [capital].Source:Credit SuisseThe intuition is to find the valuation multiple (i.e. P/E ratio, in this case) reflective of the point at which continued investments at the cost of capital will continue to drive earnings growth, but not necessarily yield any incremental value creation, and hence stay at a steady-state of \"1\".To gauge where the market's steady-state value might be headed, we turn to key driving factor, cost of capital. Cost of capital is essentially the borrowing cost, which can be benchmarked against the Fed funds rate. Based on an understanding of past economic cycles, the Federal Reserve today is likely leaning towards the Volcker era, with a sprinkle of Bernanke.What this means is that the Fed's commitment to taming inflation - even if it comes at the cost of some near-term economic pain - will eventually lead to more rate hikes in coming months, especially as inflation today remains far from the 2% target. This is consistent with the growing drumbeat of calls by Fed officials to raise rates into \"restrictive territory\" and holding it there until there is structural evidence inflation is back on track towards the committee's target range. To prevent further policy mistakes (we say \"further\" since the whole \"transitory inflation\" narrative last year obviously did not work out), responding to recent signs of slowing demand with a Fed pivot is essentially off the table, as implementing such as policy would likely be begging for a repeat of the \"stop-go\" disaster in the 1970s before Volcker. At best, the Fed will likely stick to what it has been doing at recent meetings - setting clean and clear forward expectations for markets like Bernanke had. In today's case, this means there will be more tightening in financial conditions that could potentially push the terminal rate higher, while keeping in mind of the \"effects of lags in monetary policy\" and start considering a moderation in the pace of coming rate hikes.Traders are largely expecting a moderation in the pace of rate hikes from the jumbo 75 bps seen over the summer and fall, to a half-point increase at the coming December meeting, which would bring the Fed funds rate range from the current 3.75% to 4%, to 4.25% to 4.5%. The terminal rate is expected to reach 5% to 5.25%based on current prices on 1H23 Fed swaps. Substituting the estimated terminal rate of about 5% plus an additional percentage point to account for forward market risk premium (reflective of difference between 1-year Treasury yield of about 4.75% today and the current Fed funds rate range of 3.75% and 4%) as proxy for market cost of capital in gauging the steady-state firm value P/E ratio would yield about 17x. The S&P 500, which can be viewed as a proxy for the weighted average of its constituents' respective valuations, currently trades at about 20x estimated earnings. If market steady-state firm value is to be adjusted as a result of continued Fed policy tightening, the S&P 500 could potentially move another leg lower by as much as 15% between now and when the Fed funds rate peaks in the current tightening cycle, which is estimated to occur by mid-2023.But there are a myriad of other factors that could impact where the so-called steady-state firm value is headed as Fed tightening continues over coming months, including economic growth and investor sentiment on a broader basis. This is consistent with the observation discussed in earlier sections that market bottomed in March 2009 even though the economy continued to deteriorate with unemployment hitting trough at 10% seven months later in October 2009. This could both be reflective of the fact that market is forward looking (or priced at estimated earnings and forward macro expectations) and/or the lag effect in which monetary policy works, among other factors. What this essentially means is that while rate hikes are expected to peak by mid-2023, it does not necessarily mean that is also when the market will bottom. But nonetheless, even if it is almost impossible to gauge the exact timing, it is more likely that not that the market is skewed towards further downside risks through the first quarter of 2023 at the minimum.In addition to the steady-state P/E ratio method, the Gordon growth model is another way to gauge steady-state firm value.Gordon Growth Model (Valuation Theory)The key assumption here other than cost of capital is GDP growth. GDP growth is typically used as a key benchmark to gauge the implied perpetual growth of a company, with addition consideration of the maturity of its industry as well as other company-specific factors such as market leadership, competitive advantages, and/or market share:Companies operating in industries that are higher growth in nature are typically valued at a perpetual growth rate closer to or more than GDP, given their greater contributions to economic growth. Alternatively, companies operating in lower growth and/or mature industries are typically allocated a lower perpetual growth rate.Source: \"Shorting Tesla: Bridging Lofty Valuations to Economics\"As discussed in the earlier section, demand is likely to show a marked slowdown in coming months as consumer purchasing power wanes, especially if unemployment worsens, which will lead to further deteriorating in economic growth. Even though the labor market has remained largely resilient despite the recent slew of high-paid tech layoffs (accounts foronly ~2%of total U.S. employment), consumer weakness is expected to tame demand further and eventually hit corporate earnings, potentially resulting in more cost-driven job cuts. This is further corroborated by the gradual uptick in recent jobless claimsas well as jobless rate to \"3.7%from a more than five-decade low\". This means GDP is likely to slow as interest rates increase, widening the spread between cost of capital and growth in the denominator of the Gordon growth model, and inadvertently, diminishing the steady-state firm value.Future Value Creation PremiumThe future value creation premium accounts for the incremental value that additional investments at the cost of capital would earn (i.e. return on capital), and also takes into consideration the time period in which this value-creating opportunity would last.Future Value Creation Formula (Valuation Theory)This is essentially a premium to the steady-state firm value, and explains the lofty valuations relative to broader markets observed in certain stocks, such as Apple(AAPL), Tesla(TSLA) and Snowflake(SNOW), today. Admittedly, these companies have either or all of outperforming balance sheets, profit margins, and/or growth prospects relative to peers, but not all are valued in proportion to the mean growth-valuation ratio observed among their respective peer groups.In addition to the \"competitive advantage period\", which measures the anticipated time period in which the added value-creating opportunity would last, key assumptions in deriving future value creation premium is return on capital and cost of capital. And return on capital can be substituted by anticipated economic expansion, or GDP growth - when the economy is good, growth and profit margins will likely perform better, and vice versa. But as discussed in the earlier section, GDP growth is likely skewed to the downside within the foreseeable future as demand continues to slow and profit margins get squeezed as a result of high input costs, and near-term requirements for more-than-usual promotional offers to offload excess product inventories.Paired with the anticipation for greater increases to the cost of capital as a result of Fed hawkishness that will more likely than not continue for a while longer, the cost-return spread in the numerator of the future value creation component of valuation is poised to narrow. And as cost of capital continues to increase, the denominator will also expand, hence diminishing the future value creation component of broader market valuations, which corroborates the expectation for more downside potential within the near-term.Implications for the S&P 500 and Nasdaq 100 - Is the Bottom Near?Based on valuation theory, and the anticipation for sustained hawkish Fed sentiment drawn from historical observations, the broader market is likely to see further volatility ahead as valuations adjust to rising rates and declining demand. While the timing at which markets will bottom remains uncertain, we are of the view that company fundamentals are only just starting to feel the impact of consumer weakness, which points to further value erosion through 1H23.Specifically, consumer spending has remained resilient through the first half of 2022 despite deteriorating sentiment due to surging inflation and rising borrowing costs. But headed into the first half of the fourth quarter, declining business activity and warnings of a marked slowdown among consumer-centric industries such as retail underscore that waning consumer sentiment is now really materializing into real weakness. This is further supported by the consistent drop in American household savings and rise in credit card debt, among other observations, discussed earlier on in this analysis.And a specific note to the tech-heavy Nasdaq 100 (NASDAQ: QQQ/NDX), constituents' valuations are likely to be hit harder compared to those in the S&P 500 given their cash flows are further out (with some still in pre-revenue phase and/or unprofitable) from realization and subject to a heavier discount as costs of capital increase. The index also consists of constituents with some of the biggest valuation premiums given lofty forward growth expectations previously priced in that may not materialize as expected within the foreseeable future, thus pointing to greater vulnerability to downside risks ahead.And given risks of further macro deterioration are now skewed higher with recent economic data pointing to a moderation in the labor market, while monetary policy tightening continues to flow through different corners of the economy, the ensuing rise in the likelihood of a recession will likely take the market a leg lower through the first half of 2023, even if we start to see structural easing in price pressures.","news_type":1},"isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960036053,"gmtCreate":1668029705373,"gmtModify":1676537999188,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9960036053","repostId":"1168113903","repostType":4,"repost":{"id":"1168113903","kind":"news","pubTimestamp":1668008209,"share":"https://ttm.financial/m/news/1168113903?lang=&edition=fundamental","pubTime":"2022-11-09 23:36","market":"us","language":"en","title":"SPY: When This Bear Is Over, Which ETF Should I Invest In (Technical Analysis)?","url":"https://stock-news.laohu8.com/highlight/detail?id=1168113903","media":"Seeking Alpha","summary":"SummaryA study of market returns over the past five bear markets.We look at five risk-on ETFs during","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>A study of market returns over the past five bear markets.</li><li>We look at five risk-on ETFs during these periods.</li><li>Each ETF - SPY, QQQ, XLF, XLI, and XLY - had their moment of outperformance, but one or two stand out.</li></ul><p>In this article I will look at five exchange-traded funds (&#34;ETFs&#34;) to find out which one is the best to invest in once this bear market is over. The five ETFs examined in this article are: SPDR S&amp;P 500 ETF (NYSEARCA:SPY), Invesco QQQ Trust (QQQ), Consumer Discretionary Select Sector SPDR Fund (XLY), Financial Select Sector SPDR Fund (XLF), and Industrial Select Sector SPDR Fund (XLI). These are often referred to as &#34;risk on&#34; assets.</p><p>I will gather data from the last five bear markets - defined as drops in the S&amp;P 500 Futures (SPX) of 20% or more. We know from history when each of the last five bear markets ended. For the purposes of this article, I will consider the bear market to be over once the market as measured by SPX has closed above its 10-month exponential moving average. In each case, this will have occurred after the exact bottom of the five bear markets. I will then look at the performance of buying each of the five ETFs at the opening price the following month and then holding those ETFs for one-, two-, and three-year periods. Let’s see what we can find out.</p><p>The first bear market will be the Dot Com Bear Market. In this event, the market lost over 50%. The S&amp;P 500 Index reclaimed its 10-month EMA in April 2003, so according to my method, I would enter a position for each of the ETFs at the open of May’s trading. Table 1 shows the results of those for the next three years.</p><p><b>Table 1 – Dot Com Bear Market</b></p><p><img src=\"https://static.tigerbbs.com/6811d4e9082e48707e7514fe23481e33\" tg-width=\"640\" tg-height=\"288\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p>Table 1 shows the results of SPX in the second row with the one-year, two-year, and three-year results. All other results that beat SPX are highlighted in green. Results that underperform SPX are highlighted in yellow. The bottom two rows show the median and average results for all ETFs for that period.</p><p>The results show that QQQ performed best for the first year, returning 26.70%. XLI performed best for the two-year and three-year period. XLY underperformed the market for the two and three-year periods. These results surprised me, as I thought that technology stocks would have outperformed all others for the three years because technology stocks were so beaten down during the bear market.</p><p>The second bear market examined will be the Financial Crisis Bear Market. In this event, the market as measured by the SP 500 lost over 57%. The SP 500 reclaimed its 10-month EMA in July 2009, so according to my method, I would enter a position at the open of August’s trading. Table 2 shows the results of those for the next three years.</p><p><b>Table 2 – Financial Crisis Bear Market</b></p><p><img src=\"https://static.tigerbbs.com/64b9e606cc2ed2413b7e715ebb7f79b1\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p>Looking at Table 2, Industrials were the one-year winner. They more than doubled the market’s gain for the first year. XLY also more than doubled the market in the first year. Consumer Discretionary stocks outperformed all others for the two-year and three-year periods. It’s interesting to me that Financials never got on track and were clear laggards.</p><p>The third bear market examined will be the European Debt Bear Market. In this event, the market as measured by the SP 500 lost over 21%. The SP 500 reclaimed its 10-month EMA in October 2011, so according to my method, I would enter a position at the open of November’s trading. Table 3 shows the results of those for the next three years.</p><p><b>Table 3 – European Debt Crisis</b></p><p><img src=\"https://static.tigerbbs.com/60b78f5c93f1dc1987b7ce950f9f07b0\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p>Table 3 shows that Financials led for the first year coming out of the bear market, more than doubling the market’s overall performance. Consumer Discretionary stocks outperformed for the first two years. Financial stocks outperformed all others over a three-year period. This table shows that all the ETFs studied outperformed the market for all three time periods.</p><p>The fourth bear market examined will be the Cryptocurrency Debt Bear Market. In case you’re wondering, I got this name fromWikipedia. In this event, the market as measured by the SP 500 lost over just over 20% barely qualifying for bear market status. The SP 500 reclaimed its 10-month EMA in January 2019, so according to my method, I would enter a position at the open of February’s trading. Table 4 shows the results of those for the next three years.</p><p><b>Table 4 – Cryptocurrency Bear Market</b></p><p><img src=\"https://static.tigerbbs.com/d170899cac7e7fb8d0cc679e463d6c47\" tg-width=\"640\" tg-height=\"286\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p>Coming out of this bear market is where technology stocks show up. QQQ outperforms all the other ETFs for all three time periods. It does so in a big way. It’s two-year and three-year performance is 40 percentage points higher than its closest competitor. The time frame of the table overlaps Table 5 five below and therefore shows the COVID rally where technology stocks dominated. This bear market is also one where there were several ETFs that underperformed the market over all three time periods.</p><p>The last bear market covered is the COVID Bear Market. In this event, the market as measured by the SP 500 lost over 35%. The COVID bear market was the shortest bear market in the study spanning just over a month. The SP 500 reclaimed its 10-month EMA in May 2020, so according to my method, I would enter a position at the open of June’s trading. Table 5 shows the results for two full years and to the end of October 2022 as there hasn’t been a full three years since this market reclaimed its 10-month EMA.</p><p><b>Table 5 – COVID Bear Market</b></p><p><img src=\"https://static.tigerbbs.com/a571324503f006a6fba5cdb8000c9044\" tg-width=\"640\" tg-height=\"283\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p>Coming out of the COVID Bear Market, Financial stocks led the way for the first year. This result surprised me. I was certain it was technology stocks that led the way. For the two-year period XLF outperformed all other ETFs while managing to lose money from the end of year one to the end of year two. The same situation happened with the return to the end of October 2022. XLF led all other ETFs for the total period, while losing money from the end of year two.</p><p>The last table will be the averages for all five ETFs compared to SPX for all five bear markets. This chart is difficult to read, and I apologize for that. When reading this chart, percentages highlighted in green are percentages that are above SPX returns for the same period of the bear market identified in the first column. Percentages highlighted in yellow are percentages that are below SPX returns for the period of the bear market identified in the first column. The cells highlighted in blue represent the best period return for that bear market.</p><p><b>Table 6 – Combined Results</b></p><p><img src=\"https://static.tigerbbs.com/d17ce5d37e2cabb07dc35401b58ec67b\" tg-width=\"640\" tg-height=\"132\" referrerpolicy=\"no-referrer\"/></p><p>Author</p><p>What jumps out at me from Table 6 are three things. One, SPY outperformed the broad market in each bear market recovery in each time period. So, if you want to outperform the market, buy SPY. I think Warren Buffett gives that advice. The second observation is that QQQ outperformed the broad market for the first year in every instance. It outperformed SPY for the first year in every instance except the Euro Debt Bear Market, where QQQ returned 15.96% in the first year while SPY returned 18.31% in the first year. Both beat SPX during that time frame. Three, each ETF had its moment of outperformance and underperformance.</p><p>What I’ve learned from this study is that once the current bear market is over, meaning SPX closes above its 10-month moving average, I will put some of my money in SPY. I will put money in QQQ for the first year at least. XLY, XLF, and XLI all had their opportunities to shine. Looking at Table 6, I’m not sure I can make a blanket statement that one or more of those ETFs should be an automatic buy over SPY or QQQ coming out of a bear market over.</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>SPY: When This Bear Is Over, Which ETF Should I Invest In (Technical Analysis)?</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\">\nSPY: When This Bear Is Over, Which ETF Should I Invest In (Technical Analysis)?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 23:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4554293-spy-when-this-bear-is-over-which-etf-should-i-invest-in-technical-analysis><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryA study of market returns over the past five bear markets.We look at five risk-on ETFs during these periods.Each ETF - SPY, QQQ, XLF, XLI, and XLY - had their moment of outperformance, but one ...</p>\n\n<a href=\"https://seekingalpha.com/article/4554293-spy-when-this-bear-is-over-which-etf-should-i-invest-in-technical-analysis\">Web 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/4554293-spy-when-this-bear-is-over-which-etf-should-i-invest-in-technical-analysis","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168113903","content_text":"SummaryA study of market returns over the past five bear markets.We look at five risk-on ETFs during these periods.Each ETF - SPY, QQQ, XLF, XLI, and XLY - had their moment of outperformance, but one or two stand out.In this article I will look at five exchange-traded funds (\"ETFs\") to find out which one is the best to invest in once this bear market is over. The five ETFs examined in this article are: SPDR S&P 500 ETF (NYSEARCA:SPY), Invesco QQQ Trust (QQQ), Consumer Discretionary Select Sector SPDR Fund (XLY), Financial Select Sector SPDR Fund (XLF), and Industrial Select Sector SPDR Fund (XLI). These are often referred to as \"risk on\" assets.I will gather data from the last five bear markets - defined as drops in the S&P 500 Futures (SPX) of 20% or more. We know from history when each of the last five bear markets ended. For the purposes of this article, I will consider the bear market to be over once the market as measured by SPX has closed above its 10-month exponential moving average. In each case, this will have occurred after the exact bottom of the five bear markets. I will then look at the performance of buying each of the five ETFs at the opening price the following month and then holding those ETFs for one-, two-, and three-year periods. Let’s see what we can find out.The first bear market will be the Dot Com Bear Market. In this event, the market lost over 50%. The S&P 500 Index reclaimed its 10-month EMA in April 2003, so according to my method, I would enter a position for each of the ETFs at the open of May’s trading. Table 1 shows the results of those for the next three years.Table 1 – Dot Com Bear MarketAuthorTable 1 shows the results of SPX in the second row with the one-year, two-year, and three-year results. All other results that beat SPX are highlighted in green. Results that underperform SPX are highlighted in yellow. The bottom two rows show the median and average results for all ETFs for that period.The results show that QQQ performed best for the first year, returning 26.70%. XLI performed best for the two-year and three-year period. XLY underperformed the market for the two and three-year periods. These results surprised me, as I thought that technology stocks would have outperformed all others for the three years because technology stocks were so beaten down during the bear market.The second bear market examined will be the Financial Crisis Bear Market. In this event, the market as measured by the SP 500 lost over 57%. The SP 500 reclaimed its 10-month EMA in July 2009, so according to my method, I would enter a position at the open of August’s trading. Table 2 shows the results of those for the next three years.Table 2 – Financial Crisis Bear MarketAuthorLooking at Table 2, Industrials were the one-year winner. They more than doubled the market’s gain for the first year. XLY also more than doubled the market in the first year. Consumer Discretionary stocks outperformed all others for the two-year and three-year periods. It’s interesting to me that Financials never got on track and were clear laggards.The third bear market examined will be the European Debt Bear Market. In this event, the market as measured by the SP 500 lost over 21%. The SP 500 reclaimed its 10-month EMA in October 2011, so according to my method, I would enter a position at the open of November’s trading. Table 3 shows the results of those for the next three years.Table 3 – European Debt CrisisAuthorTable 3 shows that Financials led for the first year coming out of the bear market, more than doubling the market’s overall performance. Consumer Discretionary stocks outperformed for the first two years. Financial stocks outperformed all others over a three-year period. This table shows that all the ETFs studied outperformed the market for all three time periods.The fourth bear market examined will be the Cryptocurrency Debt Bear Market. In case you’re wondering, I got this name fromWikipedia. In this event, the market as measured by the SP 500 lost over just over 20% barely qualifying for bear market status. The SP 500 reclaimed its 10-month EMA in January 2019, so according to my method, I would enter a position at the open of February’s trading. Table 4 shows the results of those for the next three years.Table 4 – Cryptocurrency Bear MarketAuthorComing out of this bear market is where technology stocks show up. QQQ outperforms all the other ETFs for all three time periods. It does so in a big way. It’s two-year and three-year performance is 40 percentage points higher than its closest competitor. The time frame of the table overlaps Table 5 five below and therefore shows the COVID rally where technology stocks dominated. This bear market is also one where there were several ETFs that underperformed the market over all three time periods.The last bear market covered is the COVID Bear Market. In this event, the market as measured by the SP 500 lost over 35%. The COVID bear market was the shortest bear market in the study spanning just over a month. The SP 500 reclaimed its 10-month EMA in May 2020, so according to my method, I would enter a position at the open of June’s trading. Table 5 shows the results for two full years and to the end of October 2022 as there hasn’t been a full three years since this market reclaimed its 10-month EMA.Table 5 – COVID Bear MarketAuthorComing out of the COVID Bear Market, Financial stocks led the way for the first year. This result surprised me. I was certain it was technology stocks that led the way. For the two-year period XLF outperformed all other ETFs while managing to lose money from the end of year one to the end of year two. The same situation happened with the return to the end of October 2022. XLF led all other ETFs for the total period, while losing money from the end of year two.The last table will be the averages for all five ETFs compared to SPX for all five bear markets. This chart is difficult to read, and I apologize for that. When reading this chart, percentages highlighted in green are percentages that are above SPX returns for the same period of the bear market identified in the first column. Percentages highlighted in yellow are percentages that are below SPX returns for the period of the bear market identified in the first column. The cells highlighted in blue represent the best period return for that bear market.Table 6 – Combined ResultsAuthorWhat jumps out at me from Table 6 are three things. One, SPY outperformed the broad market in each bear market recovery in each time period. So, if you want to outperform the market, buy SPY. I think Warren Buffett gives that advice. The second observation is that QQQ outperformed the broad market for the first year in every instance. It outperformed SPY for the first year in every instance except the Euro Debt Bear Market, where QQQ returned 15.96% in the first year while SPY returned 18.31% in the first year. Both beat SPX during that time frame. Three, each ETF had its moment of outperformance and underperformance.What I’ve learned from this study is that once the current bear market is over, meaning SPX closes above its 10-month moving average, I will put some of my money in SPY. I will put money in QQQ for the first year at least. XLY, XLF, and XLI all had their opportunities to shine. Looking at Table 6, I’m not sure I can make a blanket statement that one or more of those ETFs should be an automatic buy over SPY or QQQ coming out of a bear market over.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9959656636,"gmtCreate":1672977335226,"gmtModify":1676538765649,"author":{"id":"4088125554959510","authorId":"4088125554959510","name":"Vicholes","avatar":"https://static.itradeup.com/news/a52c68e0b84d7f61c9d9ccf225bb2bb8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088125554959510","idStr":"4088125554959510"},"themes":[],"htmlText":"[Happy]&nbsp;","listText":"[Happy]&nbsp;","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9959656636","repostId":"1128856051","repostType":4,"isVote":1,"tweetType":1,"viewCount":1283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}