a1g2r personal page - To The Moon

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2022-08-22

$Palantir Technologies Inc.(PLTR)$dip still

2022-07-23

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What Is Going on With Alphabet Stock Friday?

2022-09-23

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The SPY Game - Or How I Stopped Worrying And Learned To Look Up

2022-08-16

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Crypto Is Taking a Few Small Banks on a Wild Ride

2022-09-05

$Skillz Inc(SKLZ)$[Spurting]

2022-08-17

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2022-08-15

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Market Rebound Draws Wary Eye From Some Investors

2022-07-23

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2022-07-29

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Apple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy

2022-07-29

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Apple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy

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[Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9968345599","isVote":1,"tweetType":1,"viewCount":1661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961726785,"gmtCreate":1669068969748,"gmtModify":1676538145492,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>[Duh]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>[Duh]&nbsp;","text":"$Tesla Motors(TSLA)$ [Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9961726785","isVote":1,"tweetType":1,"viewCount":1444,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961236754,"gmtCreate":1668982902279,"gmtModify":1676538132906,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>[Duh]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>[Duh]&nbsp;","text":"$Tesla Motors(TSLA)$ 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[Duh]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963598149","isVote":1,"tweetType":1,"viewCount":1059,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9996390336,"gmtCreate":1661123658328,"gmtModify":1676536454647,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>dip still","listText":"<a href=\"https://ttm.financial/S/PLTR\">$Palantir Technologies Inc.(PLTR)$</a>dip still","text":"$Palantir Technologies Inc.(PLTR)$dip still","images":[{"img":"https://community-static.tradeup.com/news/57eefd60f6db8f1e4b6ba8a2870c11b2","width":"1080","height":"2387"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996390336","isVote":1,"tweetType":1,"viewCount":999,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9077524835,"gmtCreate":1658544103027,"gmtModify":1676536174791,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9077524835","repostId":"2253658190","repostType":4,"repost":{"id":"2253658190","kind":"highlight","pubTimestamp":1658535269,"share":"https://ttm.financial/m/news/2253658190?lang=en_US&edition=fundamental","pubTime":"2022-07-23 08:14","market":"us","language":"en","title":"What Is Going on With Alphabet Stock Friday?","url":"https://stock-news.laohu8.com/highlight/detail?id=2253658190","media":"InvestorPlace","summary":"Alphabet dropped more than 5% today as investors priced in poor earnings from other ad-related compa","content":"<div>\n<p>Alphabet dropped more than 5% today as investors priced in poor earnings from other ad-related companies.Additionally, concerns around the potential for fines out of the U.K. have investors on edge....</p>\n\n<a href=\"https://investorplace.com/2022/07/what-is-going-on-with-alphabet-goog-stock-today/\">Source Link</a>\n\n</div>\n","source":"investorplace","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is Going on With Alphabet Stock Friday?</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; 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float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Is Going on With Alphabet Stock Friday?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-23 08:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/07/what-is-going-on-with-alphabet-goog-stock-today/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alphabet dropped more than 5% today as investors priced in poor earnings from other ad-related companies.Additionally, concerns around the potential for fines out of the U.K. have investors on edge....</p>\n\n<a href=\"https://investorplace.com/2022/07/what-is-going-on-with-alphabet-goog-stock-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌"},"source_url":"https://investorplace.com/2022/07/what-is-going-on-with-alphabet-goog-stock-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253658190","content_text":"Alphabet dropped more than 5% today as investors priced in poor earnings from other ad-related companies.Additionally, concerns around the potential for fines out of the U.K. have investors on edge.With the company's stock split officially in the rearview mirror, investors are finding few catalysts on the horizon.For investors in Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), it’s been a trying year. Yes, there have been some flurries of hope for this mega-cap online tech player. However, GOOG stock has underperformed the expectations of many investors, now down more than 25% on a year-to-date basis.Today, GOOG stock is down another 7% as investors price in a flurry of catalysts.The first is a lackluster earnings report from social media company Snap. The parent company of Snapchat reported some rather dismal numbers, missing estimates and posting a wider-than-expected free cash flow loss. Accordingly, concerns around digital ad spending are growing. This is a pertinent issue for companies such as Alphabet, whose Google division provides the lion’s share of revenues and cash flows.Other key drivers that appear to be in play today are concerns around compensation for fraud victims in the U.K., as well as the potential that post-stock split, GOOG stock doesn’t really have much in the way of positive catalysts to take this stock higher.Let’s dive into what to make of today’s impressive move in Alphabet.Is GOOG Stock a Buy on Today’s Impressive Decline?Seeing a mega-cap stock like Alphabet lose more than 7% of its value in a single day is indeed a big move. With billions of dollars of valuation wiped out, investors may consider this stock a great buy. After all, the company now trades around 18 times earnings following this decline.However, there are plenty of headwinds investors are factoring in right now. Earnings for other digital ad-oriented companies are getting hit hard. And while Google’s underlying business model is fundamentally different from Snap’s, it’s clear that investors are taking a cautious approach to this sector right now.Accordingly, while it is interesting to see GOOG stock trade around the $107 mark (at the time of writing), the fact that this stock split has officially happened takes away one of the key non-fundamental drivers Alphabet had. In the absence of other catalysts, investors appear to have lost interest. In this market, that can mean significant near-term downside pressure, such as what we’re seeing today.While I think GOOG stock is a great long-term bet, it may be a bumpy few months ahead. Until we get an indication of where this economy is heading, it’s likely going to be turbulent for all stocks. Indeed, seeing Alphabet drop as it has today should be an indication of this for investors.","news_type":1,"symbols_score_info":{"GOOGL":1,"GOOG":1}},"isVote":1,"tweetType":1,"viewCount":967,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919743755,"gmtCreate":1663883527477,"gmtModify":1676537353574,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9919743755","repostId":"1152785107","repostType":4,"repost":{"id":"1152785107","kind":"news","pubTimestamp":1663860360,"share":"https://ttm.financial/m/news/1152785107?lang=en_US&edition=fundamental","pubTime":"2022-09-22 23:26","market":"us","language":"en","title":"The SPY Game - Or How I Stopped Worrying And Learned To Look Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1152785107","media":"Seeking Alpha","summary":"SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>While fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.</li><li>We believe SPY remains on course to make new all-time highs in the coming year or so.</li><li>Our evidence for this?  Basic pattern recognition coupled with a high-octane dose of cynicism.</li></ul><p><i>DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer</i> <i>to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note&#39;s date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.</i></p><p>It&#39;s Not Going To Zero. Really It Isn&#39;t.</p><p>As everyone knows the whole market is going to zero, fast, or if not zero then maybe 3000 on the S&amp;P and 10000 on the Nasdaq or whatever. The just desserts of an economy over-fattened by Fed helicopter money with a workforce that would rather buy-pumpkin-spice-latte-pay-later-when-mom-lends-me-the-money than get down to a hard day&#39;s work from dawn to dusk. The decadence of the end of empire. America the Great is Finished. Finished, I tell you!</p><p>This garbage is all over FinTwit right now and in truth it&#39;s not worth reading. The market will go up or it will go down but it has nothing to do with whether Chad makes his Klarna payment or not. It has to do with the institutional dynamic of moving money around in order to generate gains whether the weather be good or whether the weather be bad. And no more so than around key dates such as quarterly options expiry and FOMC prints.</p><p><b>Let&#39;s Talk About SPY</b></p><p>OK folks, let&#39;s just take a step back and zoom out onNYSEARCA:SPY. Using absolutely standard technical analysis pattern-recognition tools (we like the Elliott Wave / Fibonacci method, but, other methods also are available) we can say that in the larger degree, SPY has been carving out a 5-wave up cycle since its 2015 lows. Like this</p><p><img src=\"https://static.tigerbbs.com/ca80a46b6ff8f158873974f116b4ad7f\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>SPY Chart I(TrendSpider, Cestrian Analysis)</p><p>Wave 1 moves up from the 2015 lows to the 2019 high, adding around $158/share on the way up.</p><p>Wave 2 moves from the pre-Covid high to the crisis low, in a Yikes Cat type move as befits a Wave 2, troughs at the 0.786 retrace for a $122/share correction.</p><p>Then Wave 3, adding $283/share to peak a little above the 1.618 extension of Wave 1 (the share price movement in W1 multiplied by 1.618 and placed at the Wave 2 low), right at the end of 2021.</p><p>And along comes the will-it-ever-end Wave 4 selloff of 2022 which despite the apparent unrelented selling - just ask anyone on FinTwit, they&#39;ll tell you! - troughed in June at between the 0.5 and 0.618 retrace of that big Wave 3 high.</p><p>So now the standard Elliott Wave pattern tells us that SPY can make a new high in a final Wave 5 up, peaking sometime in 2023 most likely. A minimum target of $480 or better, enough to just peak above that Wave 3 high.</p><p>Yes, we&#39;re saying SPY can climb to never-before-conquered levels despite inflation and recession and 75bps and labor market and blah. Why? Because SPY has traded <i>so</i> well to this standard pattern for so long that we believe it more likely than not that it sees the pattern through to the end.</p><p>But don&#39;t take our word for it. Let&#39;s zoom in. As you know, if SPY has commenced its climb up from the June lows towards its final resting place in the sky, it ought to be showing wave progress in the smaller degree too.</p><p>And is it ever. Today&#39;s close was actually funny, so perfectly did the ETF kiss the 0.618 retraces of Wave 3 on the way up then the 0.786 retrace on the way down. But even after this dump the stock remains perfectly positioned to move up. This is the Wave 1 and Wave 2 in the smaller degree up off of the June lows. That is one picture-perfect Wave 2 low right there. We shall see what happens but to us that&#39;s thus far confirming evidence that SPY will be moving up.</p><p><img src=\"https://static.tigerbbs.com/65bfa539e75474ecde04800d17b63585\" tg-width=\"640\" tg-height=\"321\" referrerpolicy=\"no-referrer\"/></p><p>SPY Chart II(TrendSpider, Cestrian Analysis)</p><p><b>What The Fed Is Going On Then?</b></p><p>Today was a very strange day if you look closely. The index ETFs SPY and QQQ both did exactly the same thing - the two charts above are in essence carbon copies whether you look at the QQQ or the SPY. Up then down, to close down, at a level suggesting that the next big move is up. But still bright red on the day.</p><p>Whereas ostensibly more scary stocks like Cloudflare (NET), Palantir (PLTR), DataDog (DDOG) and so on - were ...<i>up</i>? Huh?</p><p>We may be able to shed some light on this. Now, we hate to come over all FinTwit once more and be shouting about <i>manipulation</i> and so forth. Because that&#39;s just naive. In the Great Online Game of traded securities, the game is in fact that all the other players are trying to take all your money off of you. That is Rule 1. The basic rule. The constitution upon which all other rules are founded. And further, while we don&#39;t doubt that there are some bad apples in the virtual Big Apple that&#39;s rather quaintly still referred to as The Street, most times Big Money is just doing its job which is, being good at taking money off of Chad and not letting Chad take money off of it, or at least not for very long.</p><p>You see in the index ETFs there&#39;s a hugely powerful force at work - not Jerome Powell, not Redditors, but the options market. The capital sloshing around in options way exceeds the capital in equities, and as a result it&#39;s to some degree true that options are the primary security class, equities the derivatives. As a simple illustration, here you can see how the major reversal points in SPY in recent years have coincided with major options expiry dates.</p><p><img src=\"https://static.tigerbbs.com/3f1de0c0082c1ca0ce7a2e248d7d64ef\" tg-width=\"640\" tg-height=\"320\" referrerpolicy=\"no-referrer\"/></p><p>S&amp;P Chart III(TrendSpider, Cestrian Analysis)</p><p>Options markets love FOMC days because the emotion - the volatility - is running high. And you have a wall of capital in SPY and QQQ puts and calls sat driving the ETF stocks around all day. It&#39;s no surprise on that basis that the closing price - the place where the option probability surface collapses to a singularity - hit a key technical level in both the SPY and the QQQ with such precision. Now, if you want to go deeper into the options-are-primary, stocks-are-derivatives rabbit hole - and it&#39;s a doozy - we suggest you take a look at our friends over at SpotGamma who are expert on the topic. For us, we&#39;ll just observe that the wall of option money pushing the ETFs around is not in place at scary high-beta names such as NET or PLTR and so on. So the market reaction today may look like genuine fear, but it isn&#39;t. Because if it was widespread genuine fear, all these high beta names would be getting dumped. And they&#39;re not.</p><p>So we say: SPY is setting up in a smaller degree 1,2 for a smaller degree 3 which will represent a material push up toward that new all time high. We think the next big move for SPY is, up, and we think the June low was the low for the Wave 4 just passed. You&#39;ll know soon enough if we&#39;re right or wrong. If right, SPY won&#39;t spend long at the $377 zip code but will instead move up and out; if wrong, SPY will plunge down through that $377 level to continue the larger-degree Wave 4 down. This will happen soon, either way.</p><p>For now we remain bullish on SPY and assign an Accumulate rating to the name.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The SPY Game - Or How I Stopped Worrying And Learned To Look Up</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe SPY Game - Or How I Stopped Worrying And Learned To Look Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-22 23:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.We believe SPY ...</p>\n\n<a href=\"https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF"},"source_url":"https://seekingalpha.com/article/4542378-spy-stop-worrying-learn-to-look-up","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152785107","content_text":"SummaryWhile fear abounds, while the market dumps after the FOMC print and subsequent speech, while everything you know seems wrong?  The market is holding up well over the June lows.We believe SPY remains on course to make new all-time highs in the coming year or so.Our evidence for this?  Basic pattern recognition coupled with a high-octane dose of cynicism.DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer to buy any securities. Nothing in this note is intended to be investment advice and nor should it be relied upon to make investment decisions. Cestrian Capital Research, Inc., its employees, agents or affiliates, including the author of this note, or related persons, may have a position in any stocks, security, or financial instrument referenced in this note. Any opinions, analyses, or probabilities expressed in this note are those of the author as of the note's date of publication and are subject to change without notice. Companies referenced in this note or their employees or affiliates may be customers of Cestrian Capital Research, Inc. Cestrian Capital Research, Inc. values both its independence and transparency and does not believe that this presents a material potential conflict of interest or impacts the content of its research or publications.It's Not Going To Zero. Really It Isn't.As everyone knows the whole market is going to zero, fast, or if not zero then maybe 3000 on the S&P and 10000 on the Nasdaq or whatever. The just desserts of an economy over-fattened by Fed helicopter money with a workforce that would rather buy-pumpkin-spice-latte-pay-later-when-mom-lends-me-the-money than get down to a hard day's work from dawn to dusk. The decadence of the end of empire. America the Great is Finished. Finished, I tell you!This garbage is all over FinTwit right now and in truth it's not worth reading. The market will go up or it will go down but it has nothing to do with whether Chad makes his Klarna payment or not. It has to do with the institutional dynamic of moving money around in order to generate gains whether the weather be good or whether the weather be bad. And no more so than around key dates such as quarterly options expiry and FOMC prints.Let's Talk About SPYOK folks, let's just take a step back and zoom out onNYSEARCA:SPY. Using absolutely standard technical analysis pattern-recognition tools (we like the Elliott Wave / Fibonacci method, but, other methods also are available) we can say that in the larger degree, SPY has been carving out a 5-wave up cycle since its 2015 lows. Like thisSPY Chart I(TrendSpider, Cestrian Analysis)Wave 1 moves up from the 2015 lows to the 2019 high, adding around $158/share on the way up.Wave 2 moves from the pre-Covid high to the crisis low, in a Yikes Cat type move as befits a Wave 2, troughs at the 0.786 retrace for a $122/share correction.Then Wave 3, adding $283/share to peak a little above the 1.618 extension of Wave 1 (the share price movement in W1 multiplied by 1.618 and placed at the Wave 2 low), right at the end of 2021.And along comes the will-it-ever-end Wave 4 selloff of 2022 which despite the apparent unrelented selling - just ask anyone on FinTwit, they'll tell you! - troughed in June at between the 0.5 and 0.618 retrace of that big Wave 3 high.So now the standard Elliott Wave pattern tells us that SPY can make a new high in a final Wave 5 up, peaking sometime in 2023 most likely. A minimum target of $480 or better, enough to just peak above that Wave 3 high.Yes, we're saying SPY can climb to never-before-conquered levels despite inflation and recession and 75bps and labor market and blah. Why? Because SPY has traded so well to this standard pattern for so long that we believe it more likely than not that it sees the pattern through to the end.But don't take our word for it. Let's zoom in. As you know, if SPY has commenced its climb up from the June lows towards its final resting place in the sky, it ought to be showing wave progress in the smaller degree too.And is it ever. Today's close was actually funny, so perfectly did the ETF kiss the 0.618 retraces of Wave 3 on the way up then the 0.786 retrace on the way down. But even after this dump the stock remains perfectly positioned to move up. This is the Wave 1 and Wave 2 in the smaller degree up off of the June lows. That is one picture-perfect Wave 2 low right there. We shall see what happens but to us that's thus far confirming evidence that SPY will be moving up.SPY Chart II(TrendSpider, Cestrian Analysis)What The Fed Is Going On Then?Today was a very strange day if you look closely. The index ETFs SPY and QQQ both did exactly the same thing - the two charts above are in essence carbon copies whether you look at the QQQ or the SPY. Up then down, to close down, at a level suggesting that the next big move is up. But still bright red on the day.Whereas ostensibly more scary stocks like Cloudflare (NET), Palantir (PLTR), DataDog (DDOG) and so on - were ...up? Huh?We may be able to shed some light on this. Now, we hate to come over all FinTwit once more and be shouting about manipulation and so forth. Because that's just naive. In the Great Online Game of traded securities, the game is in fact that all the other players are trying to take all your money off of you. That is Rule 1. The basic rule. The constitution upon which all other rules are founded. And further, while we don't doubt that there are some bad apples in the virtual Big Apple that's rather quaintly still referred to as The Street, most times Big Money is just doing its job which is, being good at taking money off of Chad and not letting Chad take money off of it, or at least not for very long.You see in the index ETFs there's a hugely powerful force at work - not Jerome Powell, not Redditors, but the options market. The capital sloshing around in options way exceeds the capital in equities, and as a result it's to some degree true that options are the primary security class, equities the derivatives. As a simple illustration, here you can see how the major reversal points in SPY in recent years have coincided with major options expiry dates.S&P Chart III(TrendSpider, Cestrian Analysis)Options markets love FOMC days because the emotion - the volatility - is running high. And you have a wall of capital in SPY and QQQ puts and calls sat driving the ETF stocks around all day. It's no surprise on that basis that the closing price - the place where the option probability surface collapses to a singularity - hit a key technical level in both the SPY and the QQQ with such precision. Now, if you want to go deeper into the options-are-primary, stocks-are-derivatives rabbit hole - and it's a doozy - we suggest you take a look at our friends over at SpotGamma who are expert on the topic. For us, we'll just observe that the wall of option money pushing the ETFs around is not in place at scary high-beta names such as NET or PLTR and so on. So the market reaction today may look like genuine fear, but it isn't. Because if it was widespread genuine fear, all these high beta names would be getting dumped. And they're not.So we say: SPY is setting up in a smaller degree 1,2 for a smaller degree 3 which will represent a material push up toward that new all time high. We think the next big move for SPY is, up, and we think the June low was the low for the Wave 4 just passed. You'll know soon enough if we're right or wrong. If right, SPY won't spend long at the $377 zip code but will instead move up and out; if wrong, SPY will plunge down through that $377 level to continue the larger-degree Wave 4 down. This will happen soon, either way.For now we remain bullish on SPY and assign an Accumulate rating to the name.","news_type":1,"symbols_score_info":{"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":667,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999763336,"gmtCreate":1660601285027,"gmtModify":1676536360058,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999763336","repostId":"2259501651","repostType":4,"repost":{"id":"2259501651","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":1660555800,"share":"https://ttm.financial/m/news/2259501651?lang=en_US&edition=fundamental","pubTime":"2022-08-15 17:30","market":"us","language":"en","title":"Crypto Is Taking a Few Small Banks on a Wild Ride","url":"https://stock-news.laohu8.com/highlight/detail?id=2259501651","media":"Dow Jones","summary":"When big banks steered clear of cryptocurrency companies, a handful of small lenders eagerly courted","content":"<html><head></head><body><p>When big banks steered clear of cryptocurrency companies, a handful of small lenders eagerly courted the booming businesses. Now, they are dealing with the bust.</p><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp., <a href=\"https://laohu8.com/S/SBNYW\">Signature Bank</a> and <a href=\"https://laohu8.com/S/CUBI\">Customers Bancorp Inc.</a> have snapped up billions of dollars in deposits from crypto businesses -- the exchanges, investment firms and stablecoin issuers that grew rapidly alongside the market for digital currencies.</p><p>The plunge in crypto prices this year has taken the banks on a wild ride. At Silvergate, deposits swung by $5 billion in the second quarter, a nearly unheard of move for a bank of its size, before ending basically flat at $13.5 billion. Signature posted its second quarterly decline in deposits in the last decade, and a major crypto customer filed for bankruptcy.</p><p>Volatility also has seeped into the banks&#39; stocks, which now trade more like crypto firms than their staid banking peers. The shares of Silvergate and Signature both doubled last year when the market was booming, while Customers stock more than tripled. Silvergate is down nearly 30% this year, while Signature and Customers are off almost 40%. The broad Nasdaq Bank index has fallen 8%.</p><p>Big banks have been snatching market share from small banks for years, especially when it comes to deposits. That has left smaller banks looking for growth in places where the big banks aren&#39;t. With crypto, the difficulty of the strategy is evident.</p><p>Banks typically want sticky deposits -- stable, low-cost funding that allows them to make more long-term loans. In the most extreme scenario, an unstable deposit base can make banks more prone to runs where customers ask for their money back faster than the bank can deliver it. A plunging stock price can make it harder for a bank to raise the money it needs to operate.</p><p>The crypto-focused banks aren&#39;t holding digital currencies. Instead, they provide corporate bank accounts for crypto companies. They also operate special payments networks: A hedge fund buying bitcoin through exchange Coinbase Global Inc., for instance, could use dollars from the fund&#39;s Silvergate checking account to almost instantly cover the purchase.</p><p>More deposits usually allow a bank to increase lending. But these banks aren&#39;t growing their loan books as fast as they are building deposits, opting instead to keep a bigger cushion to account for unexpected outflows. Silvergate and Signature posted record profits in the second quarter, despite the dramatic moves in the crypto market.</p><p>&#34;This is all just par for the course,&#34; said Silvergate Chief Executive Alan Lane. &#34;We&#39;ve set things up to essentially thrive during these times of market dislocation.&#34;</p><p>In 2013, Silvergate was a commercial real estate lender with a handful of branches in the San Diego area in search of deposits. The bank opened to crypto companies the next year, and its deposits have since grown 30-fold, with 99% of them coming from the digital-currency world. The bank has sold off most of its traditional banking business to concentrate on crypto companies and institutional investors, banking well-known exchanges such as FTX, Coinbase and Kraken.</p><p>Early in the year, a decline in cryptocurrency trading volumes meant clients needed fewer deposits. The May collapse of TerraUSD, a stablecoin pegged to the dollar, sent losses rippling through crypto exchanges and brokers, causing prices to plunge and kicking off a trading frenzy. Silvergate&#39;s deposits went as high as $17.6 billion and down to $12.6 billion in the second quarter.</p><p>The bank said it hasn&#39;t lost any money on its $1.4 billion portfolio of loans backed by bitcoin, though the digital currency&#39;s value has halved this year. Silvergate requires collateral far above the value of the borrowings.</p><p>In 2018, <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a> hired bankers specializing in crypto, part of an effort to branch out beyond commercial real estate.</p><p>Since the bank unveiled its own payments system for crypto companies, total deposits have nearly tripled to $104 billion. Crypto-linked deposits made up 26% of the tally at the end of the second quarter.</p><p>One of Signature&#39;s customers, crypto lender Celsius Network LLC, filed for bankruptcy in July. In court papers, Celsius said it had $130 million in cash on hand and nearly all of its bank accounts were at Signature. Signature has experience working with clients in bankruptcy, and Celsius accounts for a small part of its deposits, Chairman Scott Shay said in an interview.</p><p>A $2.4 billion decline in digital-asset deposits in the second quarter dragged down total deposits.</p><p>&#34;We&#39;re banking a lot of companies, and it&#39;s not our job to pick the winners and losers,&#34; Mr. Shay said.</p><p>Pennsylvania-based Customers Bank started pursuing crypto-company deposits less than a year ago. Its payments system has attracted more than $2 billion so far, a sizable sum for a bank with $17 billion in deposits.</p><p>Crypto clients withdrew hundreds of millions of dollars on some days in the second quarter, often to meet customer redemptions, said Christopher Smalley, the bank&#39;s head of digital banking. Still, crypto-linked deposits grew, albeit more slowly.</p><p>&#34;It&#39;s worth us taking the risk that there will be negative news events or additional regulatory scrutiny to get these very large deposits,&#34; Mr. Smalley said. &#34;We&#39;re prepared for an extinction-level event where bitcoin would go to zero.&#34;</p><p>The bank, he said, has also beefed up its anti-money-laundering team. It is rolling out loans backed by customers&#39; crypto. Co-branded credit cards with exchanges and other projects could be next, Mr. Smalley said.</p><p>New York-based Metropolitan Commercial Bank held deposits for customers at exchanges and partnered with exchange Crypto.com to issue a prepaid debit card backed by investors&#39; crypto holdings. Metropolitan holds $270 million in customer deposits for exchange Voyager Ltd., which went bankrupt last month. It now could lose the whole chunk, about 4% of its total deposits, when those customers are paid back.</p><p>Metropolitan said it is pivoting away from crypto, looking to bank financial-technology companies instead.</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>Crypto Is Taking a Few Small Banks on a Wild Ride</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\">\nCrypto Is Taking a Few Small Banks on a Wild Ride\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\">2022-08-15 17:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>When big banks steered clear of cryptocurrency companies, a handful of small lenders eagerly courted the booming businesses. Now, they are dealing with the bust.</p><p><a href=\"https://laohu8.com/S/SI\">Silvergate Capital</a> Corp., <a href=\"https://laohu8.com/S/SBNYW\">Signature Bank</a> and <a href=\"https://laohu8.com/S/CUBI\">Customers Bancorp Inc.</a> have snapped up billions of dollars in deposits from crypto businesses -- the exchanges, investment firms and stablecoin issuers that grew rapidly alongside the market for digital currencies.</p><p>The plunge in crypto prices this year has taken the banks on a wild ride. At Silvergate, deposits swung by $5 billion in the second quarter, a nearly unheard of move for a bank of its size, before ending basically flat at $13.5 billion. Signature posted its second quarterly decline in deposits in the last decade, and a major crypto customer filed for bankruptcy.</p><p>Volatility also has seeped into the banks&#39; stocks, which now trade more like crypto firms than their staid banking peers. The shares of Silvergate and Signature both doubled last year when the market was booming, while Customers stock more than tripled. Silvergate is down nearly 30% this year, while Signature and Customers are off almost 40%. The broad Nasdaq Bank index has fallen 8%.</p><p>Big banks have been snatching market share from small banks for years, especially when it comes to deposits. That has left smaller banks looking for growth in places where the big banks aren&#39;t. With crypto, the difficulty of the strategy is evident.</p><p>Banks typically want sticky deposits -- stable, low-cost funding that allows them to make more long-term loans. In the most extreme scenario, an unstable deposit base can make banks more prone to runs where customers ask for their money back faster than the bank can deliver it. A plunging stock price can make it harder for a bank to raise the money it needs to operate.</p><p>The crypto-focused banks aren&#39;t holding digital currencies. Instead, they provide corporate bank accounts for crypto companies. They also operate special payments networks: A hedge fund buying bitcoin through exchange Coinbase Global Inc., for instance, could use dollars from the fund&#39;s Silvergate checking account to almost instantly cover the purchase.</p><p>More deposits usually allow a bank to increase lending. But these banks aren&#39;t growing their loan books as fast as they are building deposits, opting instead to keep a bigger cushion to account for unexpected outflows. Silvergate and Signature posted record profits in the second quarter, despite the dramatic moves in the crypto market.</p><p>&#34;This is all just par for the course,&#34; said Silvergate Chief Executive Alan Lane. &#34;We&#39;ve set things up to essentially thrive during these times of market dislocation.&#34;</p><p>In 2013, Silvergate was a commercial real estate lender with a handful of branches in the San Diego area in search of deposits. The bank opened to crypto companies the next year, and its deposits have since grown 30-fold, with 99% of them coming from the digital-currency world. The bank has sold off most of its traditional banking business to concentrate on crypto companies and institutional investors, banking well-known exchanges such as FTX, Coinbase and Kraken.</p><p>Early in the year, a decline in cryptocurrency trading volumes meant clients needed fewer deposits. The May collapse of TerraUSD, a stablecoin pegged to the dollar, sent losses rippling through crypto exchanges and brokers, causing prices to plunge and kicking off a trading frenzy. Silvergate&#39;s deposits went as high as $17.6 billion and down to $12.6 billion in the second quarter.</p><p>The bank said it hasn&#39;t lost any money on its $1.4 billion portfolio of loans backed by bitcoin, though the digital currency&#39;s value has halved this year. Silvergate requires collateral far above the value of the borrowings.</p><p>In 2018, <a href=\"https://laohu8.com/S/SBNY\">Signature Bank</a> hired bankers specializing in crypto, part of an effort to branch out beyond commercial real estate.</p><p>Since the bank unveiled its own payments system for crypto companies, total deposits have nearly tripled to $104 billion. Crypto-linked deposits made up 26% of the tally at the end of the second quarter.</p><p>One of Signature&#39;s customers, crypto lender Celsius Network LLC, filed for bankruptcy in July. In court papers, Celsius said it had $130 million in cash on hand and nearly all of its bank accounts were at Signature. Signature has experience working with clients in bankruptcy, and Celsius accounts for a small part of its deposits, Chairman Scott Shay said in an interview.</p><p>A $2.4 billion decline in digital-asset deposits in the second quarter dragged down total deposits.</p><p>&#34;We&#39;re banking a lot of companies, and it&#39;s not our job to pick the winners and losers,&#34; Mr. Shay said.</p><p>Pennsylvania-based Customers Bank started pursuing crypto-company deposits less than a year ago. Its payments system has attracted more than $2 billion so far, a sizable sum for a bank with $17 billion in deposits.</p><p>Crypto clients withdrew hundreds of millions of dollars on some days in the second quarter, often to meet customer redemptions, said Christopher Smalley, the bank&#39;s head of digital banking. Still, crypto-linked deposits grew, albeit more slowly.</p><p>&#34;It&#39;s worth us taking the risk that there will be negative news events or additional regulatory scrutiny to get these very large deposits,&#34; Mr. Smalley said. &#34;We&#39;re prepared for an extinction-level event where bitcoin would go to zero.&#34;</p><p>The bank, he said, has also beefed up its anti-money-laundering team. It is rolling out loans backed by customers&#39; crypto. Co-branded credit cards with exchanges and other projects could be next, Mr. Smalley said.</p><p>New York-based Metropolitan Commercial Bank held deposits for customers at exchanges and partnered with exchange Crypto.com to issue a prepaid debit card backed by investors&#39; crypto holdings. Metropolitan holds $270 million in customer deposits for exchange Voyager Ltd., which went bankrupt last month. It now could lose the whole chunk, about 4% of its total deposits, when those customers are paid back.</p><p>Metropolitan said it is pivoting away from crypto, looking to bank financial-technology companies instead.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCB":"Metropolitan Bank Holding Corp.","BK4211":"区域性银行","CUBI":"Customers Bancorp Inc.","SI":"Shoulder Innovations, Inc.","SBNY":"签字银行"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2259501651","content_text":"When big banks steered clear of cryptocurrency companies, a handful of small lenders eagerly courted the booming businesses. Now, they are dealing with the bust.Silvergate Capital Corp., Signature Bank and Customers Bancorp Inc. have snapped up billions of dollars in deposits from crypto businesses -- the exchanges, investment firms and stablecoin issuers that grew rapidly alongside the market for digital currencies.The plunge in crypto prices this year has taken the banks on a wild ride. At Silvergate, deposits swung by $5 billion in the second quarter, a nearly unheard of move for a bank of its size, before ending basically flat at $13.5 billion. Signature posted its second quarterly decline in deposits in the last decade, and a major crypto customer filed for bankruptcy.Volatility also has seeped into the banks' stocks, which now trade more like crypto firms than their staid banking peers. The shares of Silvergate and Signature both doubled last year when the market was booming, while Customers stock more than tripled. Silvergate is down nearly 30% this year, while Signature and Customers are off almost 40%. The broad Nasdaq Bank index has fallen 8%.Big banks have been snatching market share from small banks for years, especially when it comes to deposits. That has left smaller banks looking for growth in places where the big banks aren't. With crypto, the difficulty of the strategy is evident.Banks typically want sticky deposits -- stable, low-cost funding that allows them to make more long-term loans. In the most extreme scenario, an unstable deposit base can make banks more prone to runs where customers ask for their money back faster than the bank can deliver it. A plunging stock price can make it harder for a bank to raise the money it needs to operate.The crypto-focused banks aren't holding digital currencies. Instead, they provide corporate bank accounts for crypto companies. They also operate special payments networks: A hedge fund buying bitcoin through exchange Coinbase Global Inc., for instance, could use dollars from the fund's Silvergate checking account to almost instantly cover the purchase.More deposits usually allow a bank to increase lending. But these banks aren't growing their loan books as fast as they are building deposits, opting instead to keep a bigger cushion to account for unexpected outflows. Silvergate and Signature posted record profits in the second quarter, despite the dramatic moves in the crypto market.\"This is all just par for the course,\" said Silvergate Chief Executive Alan Lane. \"We've set things up to essentially thrive during these times of market dislocation.\"In 2013, Silvergate was a commercial real estate lender with a handful of branches in the San Diego area in search of deposits. The bank opened to crypto companies the next year, and its deposits have since grown 30-fold, with 99% of them coming from the digital-currency world. The bank has sold off most of its traditional banking business to concentrate on crypto companies and institutional investors, banking well-known exchanges such as FTX, Coinbase and Kraken.Early in the year, a decline in cryptocurrency trading volumes meant clients needed fewer deposits. The May collapse of TerraUSD, a stablecoin pegged to the dollar, sent losses rippling through crypto exchanges and brokers, causing prices to plunge and kicking off a trading frenzy. Silvergate's deposits went as high as $17.6 billion and down to $12.6 billion in the second quarter.The bank said it hasn't lost any money on its $1.4 billion portfolio of loans backed by bitcoin, though the digital currency's value has halved this year. Silvergate requires collateral far above the value of the borrowings.In 2018, Signature Bank hired bankers specializing in crypto, part of an effort to branch out beyond commercial real estate.Since the bank unveiled its own payments system for crypto companies, total deposits have nearly tripled to $104 billion. Crypto-linked deposits made up 26% of the tally at the end of the second quarter.One of Signature's customers, crypto lender Celsius Network LLC, filed for bankruptcy in July. In court papers, Celsius said it had $130 million in cash on hand and nearly all of its bank accounts were at Signature. Signature has experience working with clients in bankruptcy, and Celsius accounts for a small part of its deposits, Chairman Scott Shay said in an interview.A $2.4 billion decline in digital-asset deposits in the second quarter dragged down total deposits.\"We're banking a lot of companies, and it's not our job to pick the winners and losers,\" Mr. Shay said.Pennsylvania-based Customers Bank started pursuing crypto-company deposits less than a year ago. Its payments system has attracted more than $2 billion so far, a sizable sum for a bank with $17 billion in deposits.Crypto clients withdrew hundreds of millions of dollars on some days in the second quarter, often to meet customer redemptions, said Christopher Smalley, the bank's head of digital banking. Still, crypto-linked deposits grew, albeit more slowly.\"It's worth us taking the risk that there will be negative news events or additional regulatory scrutiny to get these very large deposits,\" Mr. Smalley said. \"We're prepared for an extinction-level event where bitcoin would go to zero.\"The bank, he said, has also beefed up its anti-money-laundering team. It is rolling out loans backed by customers' crypto. Co-branded credit cards with exchanges and other projects could be next, Mr. Smalley said.New York-based Metropolitan Commercial Bank held deposits for customers at exchanges and partnered with exchange Crypto.com to issue a prepaid debit card backed by investors' crypto holdings. Metropolitan holds $270 million in customer deposits for exchange Voyager Ltd., which went bankrupt last month. It now could lose the whole chunk, about 4% of its total deposits, when those customers are paid back.Metropolitan said it is pivoting away from crypto, looking to bank financial-technology companies instead.","news_type":1,"symbols_score_info":{"CUBI":0.9,"END":1,"SI":0.9,"MCB":0.9,"SBNY":0.9}},"isVote":1,"tweetType":1,"viewCount":475,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933518802,"gmtCreate":1662328988507,"gmtModify":1676537035162,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$</a>[Spurting]&nbsp;","listText":"<a href=\"https://ttm.financial/S/SKLZ\">$Skillz Inc(SKLZ)$</a>[Spurting]&nbsp;","text":"$Skillz Inc(SKLZ)$[Spurting]","images":[{"img":"https://community-static.tradeup.com/news/53f409e5f37598647ffa714b0550f10a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/9933518802","isVote":1,"tweetType":1,"viewCount":491,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9993694503,"gmtCreate":1660687228104,"gmtModify":1676536376353,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993694503","repostId":"2259800058","repostType":4,"isVote":1,"tweetType":1,"viewCount":800,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999690192,"gmtCreate":1660522599618,"gmtModify":1676533484432,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999690192","repostId":"1190520604","repostType":4,"repost":{"id":"1190520604","kind":"news","pubTimestamp":1660550029,"share":"https://ttm.financial/m/news/1190520604?lang=en_US&edition=fundamental","pubTime":"2022-08-15 15:53","market":"us","language":"en","title":"Market Rebound Draws Wary Eye From Some Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1190520604","media":"The Wall Street Journal","summary":"Stocks reached another milestone in their comeback last week, with the Nasdaq Composite rising more ","content":"<div>\n<p>Stocks reached another milestone in their comeback last week, with the Nasdaq Composite rising more than 20% from its mid-June low to end its longest bear market since 2008.The rally has stirred a ...</p>\n\n<a href=\"https://www.wsj.com/articles/market-rebound-draws-wary-eye-from-some-investors-11660469378?mod=hp_lead_pos1\">Source Link</a>\n\n</div>\n","source":"wsj_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>Market Rebound Draws Wary Eye From Some Investors</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\">\nMarket Rebound Draws Wary Eye From Some Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-15 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/market-rebound-draws-wary-eye-from-some-investors-11660469378?mod=hp_lead_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks reached another milestone in their comeback last week, with the Nasdaq Composite rising more than 20% from its mid-June low to end its longest bear market since 2008.The rally has stirred a ...</p>\n\n<a href=\"https://www.wsj.com/articles/market-rebound-draws-wary-eye-from-some-investors-11660469378?mod=hp_lead_pos1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.wsj.com/articles/market-rebound-draws-wary-eye-from-some-investors-11660469378?mod=hp_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190520604","content_text":"Stocks reached another milestone in their comeback last week, with the Nasdaq Composite rising more than 20% from its mid-June low to end its longest bear market since 2008.The rally has stirred a familiar debate: Will the rebound continue?Some investors are starting to believe the worst of this year’s rout might be behind them. Data last week showed gauges of both consumer and producer prices falling in July, offering some hope that inflation might be at or close to a peak.The labor market also remains robust. Employers added more than half a million jobs in July, while the unemployment rate ticked down to close to a half-century low—hardly things investors would expect to see if the economy were in or on the brink of a recession.On the flip side, the Federal Reserve isn’t done raising interest rates, leaving richly valued parts of the market vulnerable.Much of what has surged the past several weeks is precisely what led the market lower during its punishing selloff in the first half of the year. Meme stocks such as AMC Entertainment Holdings Inc. and Bed Bath & Beyond Inc. have climbed 107% and 111%, respectively, since markets bottomed for the year on June 16. Shares of cryptocurrency-related companies such as Coinbase Global Inc. and triple-leveraged exchange-traded funds tracking the technology-heavy Nasdaq Composite Index have also soared.The S&P 500 is up 17% over the same period but remains down 10% for the year.With inflation remaining near multiyear highs, some investors worry parts of the market are in for another punishing selloff, especially if the Fed has to raise interest rates for longer than expected. When interest rates were at historic lows, investors got big returns from piling into shares of richly valued, often unprofitable companies. The fact that bond yields were so low made even the riskiest stocks—as well as other investments, like cryptocurrencies—look like an attractive proposition for many investors. Rising rates reverse that dynamic.“I can’t argue that this pace [of market gains] is going to continue,” said Nancy Tengler, chief investment officer of Laffer Tengler Investments. “Whether we are in recession now or are going to be in one in the third or fourth quarter, you know economic growth is going to slow.”That means it is prudent to be even more selective about what types of companies the firm is putting money into, she said.One factor that has clouded investors’ outlook is debate over how far into the future the Fed will have to keep raising interest rates.Since the Fed’s July policy meeting, some investors have bet the central bank will pivot from raising interest rates to lowering them next year to boost economic activity again. That has helped spark a rebound in not just stock but also bond prices. The 10-year U.S. Treasury yield, which falls as bond prices rise, fell to 2.848% Friday, down from its mid-June peak of 3.482%.Skeptics, however, warn that it might be too early to assume that the Fed will change tacks in 2023. July’s CPI and PPI readings were good news for the markets. And they certainly gave wind to the idea that the Fed will raise interest rates by half a point at its September meeting, instead of three-quarters of a point as initially expected.But just one or two lower inflation readings won’t suffice in convincing the Fed that inflation is dissipating, said Nicholas Colas, co-founder of DataTrek Research.Some factors driving inflation higher have also yet to ease. Last week’s CPI report showed grocery prices rose 13.1% in July from a year ago, the fastest pace since 1979. Housing prices also increased.Given the way the Fed typically likes to see multiple consecutive economic readings before changing tack on policy, markets might be running ahead of themselves, Mr. Colas said.Many investors are skeptical the recent rebound in more speculative investments will shake out differently this time.“When something goes down 80% and then comes back up 20%, it still doesn’t get you much,” said Rick Lear, chief investment officer of Lear Investment Management. “It’s just bouncing off its lows.Rather than arguing semantics—whether the S&P 500 is about to break out into a bull market or is stuck in a bear market rally, or whether the economy is in a recession now or will be later—Mr. Lear says he is choosing to focus on picking companies that can weather a tough economic environment.He is also steering clear of many of the stocks that have surged the most during the market’s comeback, wary of the possibility of being burned by stocks that appear to be trading mostly off momentum, instead of their earnings.“This could be a real reset of the bull market,” Mr. Lear said. “But we don’t know. And it really doesn’t matter to us.”","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077526623,"gmtCreate":1658543860362,"gmtModify":1676536174720,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9077526623","repostId":"2253065181","repostType":4,"isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903228892,"gmtCreate":1659048393216,"gmtModify":1676536247723,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903228892","repostId":"2255309371","repostType":4,"repost":{"id":"2255309371","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659047924,"share":"https://ttm.financial/m/news/2255309371?lang=en_US&edition=fundamental","pubTime":"2022-07-29 06:38","market":"us","language":"en","title":"Apple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2255309371","media":"Reuters","summary":"July 28 (Reuters) - Apple Incon Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations a","content":"<html><head></head><body><p>July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.</p><p>The Silicon Valley giant&#39;s shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.</p><p><img src=\"https://static.tigerbbs.com/957bf23c71c3987a2ad6bcd6a5c1b224\" tg-width=\"854\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker&#39;s loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple&#39;s fiscal third quarter suggest a similar pattern emerging.</p><p>Canalys Research analyst Runar Bjorhovde said, &#34;Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors.&#34;</p><p>The slumping economy is hurting sales of advertising, accessories and home products, though, Apple&#39;s Maestri said in an interview, calling the units &#34;pockets of weakness.&#34;</p><p>&#34;Fortunately, we have a very broad portfolio, so we know we&#39;re going to be able to navigate that,&#34; he added.</p><p>Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.</p><p>Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.</p><p>Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.</p><p>While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.</p><p>The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.</p><p>The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.</p><p>Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.</p><p>Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&amp;P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.</p><p>Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.</p><p>Growth in the company&#39;s services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year&#39;s 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.</p><p>Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter&#39;s 825 million.</p><p>Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple&#39;s new proprietary processor chips.</p><p>In its most recent fiscal year, nearly a fifth of Apple&#39;s sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy</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 Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy\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\">2022-07-29 06:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.</p><p>The Silicon Valley giant&#39;s shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.</p><p><img src=\"https://static.tigerbbs.com/957bf23c71c3987a2ad6bcd6a5c1b224\" tg-width=\"854\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker&#39;s loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple&#39;s fiscal third quarter suggest a similar pattern emerging.</p><p>Canalys Research analyst Runar Bjorhovde said, &#34;Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors.&#34;</p><p>The slumping economy is hurting sales of advertising, accessories and home products, though, Apple&#39;s Maestri said in an interview, calling the units &#34;pockets of weakness.&#34;</p><p>&#34;Fortunately, we have a very broad portfolio, so we know we&#39;re going to be able to navigate that,&#34; he added.</p><p>Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.</p><p>Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.</p><p>Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.</p><p>While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.</p><p>The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.</p><p>The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.</p><p>Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.</p><p>Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&amp;P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.</p><p>Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.</p><p>Growth in the company&#39;s services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year&#39;s 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.</p><p>Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter&#39;s 825 million.</p><p>Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple&#39;s new proprietary processor chips.</p><p>In its most recent fiscal year, nearly a fifth of Apple&#39;s sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2255309371","content_text":"July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.The Silicon Valley giant's shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker's loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple's fiscal third quarter suggest a similar pattern emerging.Canalys Research analyst Runar Bjorhovde said, \"Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors.\"The slumping economy is hurting sales of advertising, accessories and home products, though, Apple's Maestri said in an interview, calling the units \"pockets of weakness.\"\"Fortunately, we have a very broad portfolio, so we know we're going to be able to navigate that,\" he added.Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.Growth in the company's services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year's 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter's 825 million.Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple's new proprietary processor chips.In its most recent fiscal year, nearly a fifth of Apple's sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9903223790,"gmtCreate":1659048302610,"gmtModify":1676536247691,"author":{"id":"4100826296170720","authorId":"4100826296170720","name":"a1g2r","avatar":"https://community-static.tradeup.com/news/f59a9110e7f894cf1b74d669b579c9eb","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4100826296170720","idStr":"4100826296170720"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9903223790","repostId":"2255309371","repostType":4,"repost":{"id":"2255309371","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659047924,"share":"https://ttm.financial/m/news/2255309371?lang=en_US&edition=fundamental","pubTime":"2022-07-29 06:38","market":"us","language":"en","title":"Apple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=2255309371","media":"Reuters","summary":"July 28 (Reuters) - Apple Incon Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations a","content":"<html><head></head><body><p>July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.</p><p>The Silicon Valley giant&#39;s shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.</p><p><img src=\"https://static.tigerbbs.com/957bf23c71c3987a2ad6bcd6a5c1b224\" tg-width=\"854\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker&#39;s loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple&#39;s fiscal third quarter suggest a similar pattern emerging.</p><p>Canalys Research analyst Runar Bjorhovde said, &#34;Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors.&#34;</p><p>The slumping economy is hurting sales of advertising, accessories and home products, though, Apple&#39;s Maestri said in an interview, calling the units &#34;pockets of weakness.&#34;</p><p>&#34;Fortunately, we have a very broad portfolio, so we know we&#39;re going to be able to navigate that,&#34; he added.</p><p>Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.</p><p>Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.</p><p>Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.</p><p>While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.</p><p>The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.</p><p>The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.</p><p>Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.</p><p>Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&amp;P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.</p><p>Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.</p><p>Growth in the company&#39;s services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year&#39;s 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.</p><p>Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter&#39;s 825 million.</p><p>Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple&#39;s new proprietary processor chips.</p><p>In its most recent fiscal year, nearly a fifth of Apple&#39;s sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy</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 Forecasts Faster Sales Growth, Strong IPhone Demand Despite Glum Economy\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\">2022-07-29 06:38</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.</p><p>The Silicon Valley giant&#39;s shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.</p><p><img src=\"https://static.tigerbbs.com/957bf23c71c3987a2ad6bcd6a5c1b224\" tg-width=\"854\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker&#39;s loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple&#39;s fiscal third quarter suggest a similar pattern emerging.</p><p>Canalys Research analyst Runar Bjorhovde said, &#34;Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors.&#34;</p><p>The slumping economy is hurting sales of advertising, accessories and home products, though, Apple&#39;s Maestri said in an interview, calling the units &#34;pockets of weakness.&#34;</p><p>&#34;Fortunately, we have a very broad portfolio, so we know we&#39;re going to be able to navigate that,&#34; he added.</p><p>Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.</p><p>Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.</p><p>Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.</p><p>While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.</p><p>The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.</p><p>The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.</p><p>Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.</p><p>Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&amp;P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.</p><p>Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.</p><p>Growth in the company&#39;s services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year&#39;s 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.</p><p>Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter&#39;s 825 million.</p><p>Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple&#39;s new proprietary processor chips.</p><p>In its most recent fiscal year, nearly a fifth of Apple&#39;s sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2255309371","content_text":"July 28 (Reuters) - Apple Inc on Thursday said parts shortages are easing and that demand for iPhones is unceasing despite consumers tightening other spending, helping it top Wall Street expectations and forecast faster sales growth ahead.The Silicon Valley giant's shares rose 3.5% after hours following the release of the results. Apple said it was not providing specific revenue guidance due to economic uncertainty.Though macroeconomic indicators around the world are turning negative, Chief Financial Officer Luca Maestri told Reuters there had been no slowdown in demand for iPhones. The iPhone maker's loyal and relatively affluent customer base has enabled it to weather dips better than other consumer brands in the past, and the results for Apple's fiscal third quarter suggest a similar pattern emerging.Canalys Research analyst Runar Bjorhovde said, \"Apple in that sense has a certain robustness that will allow it to be impacted less than a lot of its competitors.\"The slumping economy is hurting sales of advertising, accessories and home products, though, Apple's Maestri said in an interview, calling the units \"pockets of weakness.\"\"Fortunately, we have a very broad portfolio, so we know we're going to be able to navigate that,\" he added.Parts shortages will continue to limit Mac and iPad sales, Maestri said, though the impact has been easing. They cost Apple under $4 billion in sales in the quarter ended June 25, less than it had forecast. Maestri said the company expects the hit to diminish further in the current quarter.Sales compared to a year ago should rise faster in the current quarter than 2% growth it posted in the just-ended quarter, Maestri said.Overall, Apple said quarterly sales and profit were $83.0 billion and $1.20 per share, above estimates of $82.8 billion and $1.16 per share, according to Refinitiv data.While sales of iPhones and iPads topped expectations, revenue from services, Mac computers and accessories missed Wall Street targets and sales in the crucial China market fell 1%.The rising U.S. dollar has hit many companies such as Apple that generate substantial foreign revenue and are getting less cash back when they convert it. Apple said currency fluctuations would slash sales by 6% in the current quarter.The most recent economic woes include supply chain disruptions that have hit production of some Apple products such as iPads and Macs whose assembly locations were clustered near regions of China that went into COVID lockdowns.Apple, like many of its tech industry peers, is reportedly slowing hiring and cutting costs given the tough economic climate.Apple shares closed Thursday down about 11% so far this year, slightly less than the broader S&P 500 index and also less than other consumer hardware makers such as Sonos Inc and Samsung Electronics Co.Apple said iPhone sales were $40.7 billion, up about 3% from a year earlier and well ahead of the overall global smartphone market, which fell 9% during the just-ended quarter, according to Canalys data.Growth in the company's services business, which has provided a boost to sales and profits in recent years, was 12%, below the previous year's 33% rate and resulting in $19.6 billion in revenue, below estimates of $19.7 billion.Apple said it now has 860 million paying subscribers on either its paid services or to paid software in its App Store, up from the previous quarter's 825 million.Sales of iPads and Macs were $7.2 billion and $7.4 billion, compared with estimates of $6.9 billion and $8.7 billion. Mac sales represented a 10% contraction, after record sales since 2020, first from a work-from-home boost and then from Apple's new proprietary processor chips.In its most recent fiscal year, nearly a fifth of Apple's sales came from its Greater China region after two years of struggling sales there. But now Apple is confronting slow overall economic growth in China, where its fiscal third-quarter sales were $14.6 billion, down 1%.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":614,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}