Profile - To The Moon

ConnieCD

Connie

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- ConnieCDConnieCD
  ·2022-03-21
  $Tiger Brokers(TIGR)$just for fun but with >50% growth 😝 should I should it? 😅
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- ConnieCDConnieCD
  ·2021-06-29
  Wow
  Sorry, this post has been deleted
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- ConnieCDConnieCD
  ·2021-06-11
  $ASML Holding NV(ASML)$[Happy] [Happy]
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- ConnieCDConnieCD
  ·2021-06-02
  Good ?
  Amazon: The Cash Will Come
  Summary Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free ca
  Amazon: The Cash Will Come
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- ConnieCDConnieCD
  ·2021-06-02
  Wow
  Want To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox
  Roblox(NYSE:RBLX) stock has been getting increased attention in recent days. Shares of the company,
  Want To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox
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- ConnieCDConnieCD
  ·2021-06-02
  Good
  Sorry, this post has been deleted
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- ConnieCDConnieCD
  ·2021-06-01
  Wow
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- ConnieCDConnieCD
  ·2021-06-01
  Wow
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- ConnieCDConnieCD
  ·2021-05-24
  Ok
  What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy
  London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver
  What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy
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- ConnieCDConnieCD
  ·2021-05-14
  Wow
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$300,000","bigImgUrl":"https://static.tigerbbs.com/9d20b23f1b6335407f882bc5c2ad12c0","smallImgUrl":"https://static.tigerbbs.com/ada3b4533518ace8404a3f6dd192bd29","grayImgUrl":"https://static.tigerbbs.com/177f283ba21d1c077054dac07f88f3bd","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":1,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"81.00%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":1,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":9034682952,"gmtCreate":1647876028509,"gmtModify":1676534274702,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>just for fun but with &gt;50% growth 😝 should I should it? 😅","listText":"<a href=\"https://ttm.financial/S/TIGR\">$Tiger Brokers(TIGR)$</a>just for fun but with &gt;50% growth 😝 should I should it? 😅","text":"$Tiger Brokers(TIGR)$just for fun but with >50% growth 😝 should I should it? 😅","images":[{"img":"https://community-static.tradeup.com/news/100080fe700e217cc2c4cbda1c043638","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034682952","isVote":1,"tweetType":1,"viewCount":3056,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4094549885200800","authorId":"4094549885200800","name":"蒋小鱼","avatar":"https://community-static.tradeup.com/news/5fda6701a7cdcbb565c2e3e678fe2c08","crmLevel":12,"crmLevelSwitch":0,"authorIdStr":"4094549885200800","idStr":"4094549885200800"},"content":"jealous of u... bought so low","text":"jealous of u... bought so low","html":"jealous of u... bought so low"},{"author":{"id":"4096337009824130","authorId":"4096337009824130","name":"LWKJKK","avatar":"https://static.tigerbbs.com/c8865fe58cb1e2421bb5f60a39a8af3e","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4096337009824130","idStr":"4096337009824130"},"content":"nice! I'm holding too :) But do sell if you feel you earn enough:)","text":"nice! I'm holding too :) But do sell if you feel you earn enough:)","html":"nice! I'm holding too :) But do sell if you feel you earn enough:)"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":159486650,"gmtCreate":1624976992870,"gmtModify":1703849331361,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159486650","repostId":"2146388793","repostType":4,"isVote":1,"tweetType":1,"viewCount":2078,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188978806,"gmtCreate":1623420573705,"gmtModify":1704203221392,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ASML\">$ASML Holding NV(ASML)$</a>[Happy]&nbsp;[Happy]&nbsp;","listText":"<a href=\"https://laohu8.com/S/ASML\">$ASML Holding NV(ASML)$</a>[Happy]&nbsp;[Happy]&nbsp;","text":"$ASML Holding NV(ASML)$[Happy] [Happy]","images":[{"img":"https://static.tigerbbs.com/b6fabb25fab81d47b10993cb34bd9a12","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188978806","isVote":1,"tweetType":1,"viewCount":1914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":111028799,"gmtCreate":1622645186911,"gmtModify":1704188017405,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Good ?&nbsp;","listText":"Good ?&nbsp;","text":"Good ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111028799","repostId":"1139790754","repostType":4,"repost":{"id":"1139790754","kind":"news","pubTimestamp":1622642200,"share":"https://ttm.financial/m/news/1139790754?lang=&edition=fundamental","pubTime":"2021-06-02 21:56","market":"us","language":"en","title":"Amazon: The Cash Will Come","url":"https://stock-news.laohu8.com/highlight/detail?id=1139790754","media":"seekingalpha","summary":"Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free ca","content":"<p><b>Summary</b></p>\n<ul>\n <li>Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.</li>\n <li>Lagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.</li>\n <li>After lagging the market, the company is trading at an attractive valuation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a085447e5042d959bca14408fd50b9d\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Bet_Noire/iStock via Getty Images</span></p>\n<p>Short-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.</p>\n<p>Although Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.</p>\n<p><b>COVID Beneficiary</b></p>\n<p>Amazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it&nbsp;acquired&nbsp;Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?</p>\n<p>In 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:</p>\n<ul>\n <li>3rd Party Seller Services increased 49.6% to $80.4 billion.</li>\n <li>Online stores increased 39.7% to $197 billion.</li>\n</ul>\n<p>In 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:</p>\n<ul>\n <li>Subscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.</li>\n <li>AWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.</li>\n</ul>\n<p>Physical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.</p>\n<p>The COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.</p>\n<p>The company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.</p>\n<p>GAAP EPS grew an incredible 81.8% y/y to $41.83 per share.</p>\n<p><b>Where Is My Money?</b></p>\n<p>Although revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.</p>\n<p>This because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.</p>\n<p>On top of all this spending, the company, on May 26, Amazon&nbsp;announced&nbsp;the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.</p>\n<p><b>The Spending and Free Cash Flow Cycle</b></p>\n<p>In my 2017 article,<i>Amazon Bears Will Get Crushed</i>, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.</p>\n<p>Back in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.</p>\n<p>Relax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.</p>\n<p>We can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-<i>cumulatively</i>.</p>\n<p>By 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.</p>\n<p>Wall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.</p>\n<p><b>The Market Opportunity</b></p>\n<p>Some investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.</p>\n<p>The market opportunity, however, is much more massive.</p>\n<p>Amazon's&nbsp;share&nbsp;of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.</p>\n<p>Amazon is aggressively going after the much larger global retail market, which is&nbsp;sized&nbsp;at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.</p>\n<p>A large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.</p>\n<p>Another areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.</p>\n<p>The global cloud computing market is&nbsp;expected&nbsp;to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.</p>\n<p>If Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.</p>\n<p>Management does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.</p>\n<p>Amazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.</p>\n<p>But we do know one thing: the opportunity for continued growth is massive.</p>\n<p><b>Valuation</b></p>\n<p>Like most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.</p>\n<p>Currently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&amp;P 500, the lowest in 5 years.</p>\n<p>On free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.</p>\n<p><b>Takeaway</b></p>\n<p>Although Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon: The Cash Will Come</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\">\nAmazon: The Cash Will Come\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432586-amazon-the-cash-will-come><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.\nLagging free cash flow growth in 2020 and 2021 is due to investment to support growth, ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432586-amazon-the-cash-will-come\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4432586-amazon-the-cash-will-come","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139790754","content_text":"Summary\n\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow.\nLagging free cash flow growth in 2020 and 2021 is due to investment to support growth, going after massive opportunities.\nAfter lagging the market, the company is trading at an attractive valuation.\n\nPhoto by Bet_Noire/iStock via Getty Images\nShort-sighted investors are selling Amazon (AMZN), which has been a massive beneficiary of the COVID shutdowns, to fund dubious reopening plays like General Electric (GE) and Nucor (NUE). As a result, Amazon has lagged the market year-to-date and is now trading at an attractive valuation.\nAlthough Amazon's revenue and EPS has benefited tremendously from COVID, free cash flow has not. After the current spending cycle winds down, Amazon seems poised to experience an explosion of free cash flow by 2022 and 2023. After all, it is the cash that the company gets to keep for investors that makes the company powerful and investors rich.\nCOVID Beneficiary\nAmazon has been a massive beneficiary of COVID. The company generated $386 billion of revenue in 2020, up 37.6% y/y. This Amazon's fastest growth rate since 2011, even including the inorganic contribution to growth in 2017 and 2018 when it acquired Whole Foods. Amazingly, the last time the company grew faster was in 2011 when the company generated \"only\" $48 billion in revenue. Who said elephants can't dance?\nIn 2020, Amazon's e-commerce businesses experienced accelerated revenue growth:\n\n3rd Party Seller Services increased 49.6% to $80.4 billion.\nOnline stores increased 39.7% to $197 billion.\n\nIn 2020, the company's other businesses continued to decelerate, though likely at a lower deceleration than without COVID:\n\nSubscription Services grew 31.2% y/y $25.2 billion, a 4.4% point y/y deceleration vs. a 10.1% point deceleration the prior year.\nAWS grew 29.5% to $45.4 billion, a 7% point y/y deceleration vs. a 10.5% point deceleration the prior year.\n\nPhysical stores, not surprisingly, is the only business that got hurt by COVID, declining 5.6% to $16.2 billion. A 5.6% decline isn't even that bad, and this business is a drop in the bucket given Amazon's total revenue of $489 billion in 2020.\nThe COVID benefits largely extended into 2021 as consensus estimates put 2021 revenue growth at a robust 26.9% on top of tough comps.\nThe company saw an even bigger increase in accounting profits. Operating income expanded to 5.9% in 2020, a 70 bps y/y expansion. It is important to note that excluding one-time $11.5 billion COVID-related expenses in 2020, Amazon's operating margin would have been 8.9% rather than the reported 5.9%.\nGAAP EPS grew an incredible 81.8% y/y to $41.83 per share.\nWhere Is My Money?\nAlthough revenue grow 37.6% y/y and EPS grew 81.8% y/y in 2020, free cash flow growth lagged materially, growing only 20.1% y/y. 2021 is expected to be worse, with free cash flow expected to grow only 16.9%, just half the growth rate of its expected EPS growth that year.\nThis because capital expenditure (\"Capex\") increased an incredible 176% y/y in 2020 to over $35 billion. This the largest y/y growth since at least 2007. In terms of absolute numbers, 2020 deployed an incremental $22 billion- an absolutely mind-boggling amount. Capex is expected to remain elevated in 2021, growing another 16% y/y to $41 billion.\nOn top of all this spending, the company, on May 26, Amazon announced the acquisition of MGM Studios for $8.45 billion. I can see conservative, old-school investors' heads about to explode- but relax.\nThe Spending and Free Cash Flow Cycle\nIn my 2017 article,Amazon Bears Will Get Crushed, I addressed the same investor concern that Amazon is spending too much money, although the spending is at a much, much greater scale today.\nBack in 2017, investors were worried about Amazon's ramped up investments. In a nutshell, my argument was that investors should differentiate between investments going after large opportunities and a bloated cost structure. Generally speaking, unexpected expenses are bad, and - assuming that you trust management's ability - unexpected investments are good. If Warren Buffett said, \"I thought I was going to deploy $20 billion, but an opportunity came up where I can deploy $60 billion\", investors would be ecstatic. That opportunity, for Amazon, was the COVID-induced surge in demand.\nRelax, a surge in spending tends to be followed by years of moderate spending growth. After my 2017 article was published, 2018 and 2019 saw Capex growth of only 12-13% per year, while free cash flow grew 132% y/y in 2018 and 33% in 2019.\nWe can see the same cycle in the 2010 - 2015 period. In 2010, Capex surged 163% y/y, then another 85% in 2011, and another 109% in 2012. Looking back, these were puny numbers in the low-single-digit of billions per year of Capex, which of course played a key role in supporting Amazon's future growth. However, in the subsequent three years, 2013 through 2015, Capex grew only 21%-cumulatively.\nBy 2015, free cash flow exploded 276% to $7.3 billion, higher than the highest the company has ever generated until then by a factor of two to three.\nWall Street is expecting the same cycle to play out this time around. In 2022, free cash flow is expected to grow 58% y/y as Capex growth moderates to +3%. In 2023, free cash flow is expected to grow another 44% to a record $82.6 billion as Capex growth is expected to remain low at +2% y/y.\nThe Market Opportunity\nSome investors may take a little more convincing to get comfortable with those huge projected free cash flow numbers. $83 billion of free cash flow by 2023 is almost three times its 2020's free cash flow of $31 billion- already its highest ever. And an incremental $22 billion of Capex deployed in 2020 is a massive number.\nThe market opportunity, however, is much more massive.\nAmazon's share of US e-commerce is approximately 50%. That is high, but the US retail market is sized at over $5 trillion, and Amazon has around a 9% share of the entire retail market, and only 3.3% of consumer spending. The company is poised to gain share as it adds greater convenience, more competitive prices and greater selection.\nAmazon is aggressively going after the much larger global retail market, which is sized at approximately $25 trillion. Amazon's expected 2021 revenue of $490 billion is less than 2% of the global opportunity.\nA large portion of Amazon's increase in Capex went to expanding the infrastructure necessary to meet the surge in e-commerce demand. For example, in 2020, Amazon grew its fulfillment square footage by 50% y/y.\nAnother areas of spending is to support AWS, which is Capex intensive but highly profitable. At just 12% of 2020's revenue, AWS accounted for over 50% of the company's operating income.\nThe global cloud computing market is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025, at a CAGR of 17.5%. Amazon's AWS generated $59 billion of revenue in 2020 and is expected to grow 31% in 2021 and 25% in 2023. This means AWS has less than 20% market share and is expected to take market share going forward.\nIf Amazon has an opportunity to deploy more capital to support this highly profitable and rapidly growing business, thatis all great news to me.\nManagement does not tell us exactly how the Capex is allocated and what the returns could look like. I don't think it is possible as an outsider to estimate the expected return of the incremental investments in retail (e-commerce, physical stores, subscription, etc.) vs. business services (AWS, advertising, etc.), because it would require that we analyze the company as separate businesses.\nAmazon is one giant flywheel that cannot be separated into partsany more than you can separate a turtle from its shell. For example, without the traffic generated by its retail business, advertising would not be possible. This obvious. Less obvious is that fact that AWS began as an e-commerce tool, way before it became the public cloud company giant it is today. And although seemingly different on the surface, both Amazon.com and AWS are at its core IT infrastructure platforms at scale. In addition, Amazon's other major initiatives, such as Alexa and streaming, are joined at the hip with e-commerce by Prime membership.\nBut we do know one thing: the opportunity for continued growth is massive.\nValuation\nLike most growth stocks, Amazon lagged the market so far this year, and valuation is looking attractive.\nCurrently, Amazon is trading at 52 times forward EPS, down from 112 times in July 2020. The stock is trading at a 140% premium to the S&P 500, the lowest in 5 years.\nOn free cash flow yield, Amazon is yielding 2.6% forward free cash flow, which is towards the low end of its 5-year range. If we believe in the Capex and free cash flow cycle, the stock looks attractively valued.\nTakeaway\nAlthough Amazon benefited from COVID-induced shutdowns, the best is yet to come for free cash flow. After lagging the market, the company is trading at an attractive valuation given the large growth opportunities ahead of it, and the potential explosion in free cash flow in 2022 and 2023.","news_type":1,"symbols_score_info":{"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1878,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111020666,"gmtCreate":1622645033455,"gmtModify":1704188010996,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111020666","repostId":"1116680979","repostType":4,"repost":{"id":"1116680979","kind":"news","weMediaInfo":{"introduction":"全球第五大财经门户网站Investing.com中国官方微信，提供全球各国海量金融资讯和实时行情数据，包括股票股指、外汇、期货、基金、债券、加密货币等。关注全球金融市场动态的投资者千万不可错过。","home_visible":1,"media_name":"英为财情Investing","id":"92","head_image":"https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313"},"pubTimestamp":1622643015,"share":"https://ttm.financial/m/news/1116680979?lang=&edition=fundamental","pubTime":"2021-06-02 22:10","market":"us","language":"en","title":"Want To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox","url":"https://stock-news.laohu8.com/highlight/detail?id=1116680979","media":"英为财情Investing","summary":"Roblox(NYSE:RBLX) stock has been getting increased attention in recent days. Shares of the company, ","content":"<p><b>Roblox</b>(NYSE:RBLX)&nbsp;stock has been getting increased attention in recent days. Shares of the company, which is behind the gaming app of the same name, made their Wall Street debut on Mar. 10, opening just shy of $65. Roblox is currently hovering at $95.74.</p>\n<p>The gaming platform depends on individual developers to create content. Analysts highlight that as a social media and gaming platform, Roblox could see considerable growth in the coming quarters.</p>\n<p>Therefore, potential investors might want to include the stock in their growth portfolio. However, buying 100 shares of RBLX stock would cost around $9,560, a considerable investment for many people.</p>\n<p>Some investors prefer to put together a \"poor person's covered call\" on the stock instead. Therefore, today we introduce a diagonal debit spread on RBLX by using LEAPS options. Such a strategy is sometimes used to replicate a covered call position at a considerably lower cost.</p>\n<p>Investors who are new to options might want to-revisit our previous articles on LEAPS options (for example,hereandhere) first, before reading further.</p>\n<p><b>A Diagonal Debit Spread On RBLX Stock</b></p>\n<p><b>Current Price:</b>$95.74</p>\n<p><b>52-Week Range:</b>$60.50 - $98.95</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29fd3d4c61c948a2d2723da571214088\" tg-width=\"2542\" tg-height=\"1164\"><span>Roblox Weekly Chart</span></p>\n<p>LEAPS stands for \"Long-Term Equity Anticipation Securities.” Readers might also see websites referring to them as LEAP options or LEAPs.</p>\n<p>Investors who believe in the long-run growth potential of underlying assets, such as Roblox stock, could consider using LEAPS options, which are long-dated, usually one to two years till expiration.</p>\n<p>Investors like LEAPS as they “cost less” than stocks, as they are offered at option contract prices.</p>\n<p>A trader first buys a “longer-term” call with a lower strike price. At the same time, the trader sells a “shorter-term” call with a higher strike price, creating a long diagonal spread.</p>\n<p>In other words, the call options for the underlying stock have different strikes and different expiration dates. The trader goes long one option and shorts the other to make a diagonal spread.</p>\n<p>In this LEAPS covered call strategy, both the profit potential and risk are limited. The trader establishes the position for a net debit (or cost). The net debit represents the maximum loss.</p>\n<p>Most traders entering such a strategy would be mildly bullish on the underlying security—here, Roblox.</p>\n<p>Instead of buying 100 shares of Roblox, the trader would buy a deep-in-the-money LEAPS call option, where that LEAPS call acts as a “surrogate” for owning the Roblox stock.</p>\n<p>As we write on Tuesday afternoon, Roblox stock is $95.60. Therefore, for this post, we'll use this price.</p>\n<p>For the first leg of this strategy, the trader might buy a deep in-the-money (ITM) LEAPS call, such as the RBLX Jan. 20, 2023, 65-strike call option. This option is currently offered at $44.90 (mid-point of the current bid and ask spread). In other words, it would cost the trader $4,490 instead of $9,560 to own this call option that expires in over one and a half years.</p>\n<p>The delta of this option is about 0.80. Delta shows the amount an option’s price is expected to move based on a $1 change in the underlying security.</p>\n<p>In this example, if Roblox stock goes up $1, to $96.60, the current option price of $44.90 would be expected to increase by approximately 80 cents, based on a delta of 0.80. However, the actual change might be slightly more or less depending on several other factors that are beyond the scope of this article.</p>\n<p>So an option’s delta increases as one goes deeper into the money. Traders would use deep ITM LEAPS strikes because as delta approaches 1, a LEAPS option's price moves begin to mirror that of the underlying stock. In simple terms, a delta of 0.80 would be like owning 80 shares of RBLX in this example (as opposed to 100 in a regular covered call).</p>\n<p>For the second leg of this strategy, the trader sells an out-of-the-money (OTM) short-term call, like the RBLX Aug. 20, 2021, 100-strike call option. This option’s current premium is $12.83. In other words, the option seller would receive $1,283, excluding trading commissions.</p>\n<p>There are two expiration dates in the strategy, making it quite difficult to give an exact formula for a break-even point in this trade.</p>\n<p>Different brokers or online websites might offer “profit and loss calculators” for such a trade setup. Calculating the value of back-month (i.e., LEAPS call) when the front-month (i.e., the shorter-dated) call option expires requires a pricing model to get a “guesstimate” for a break-even point.</p>\n<p><b>Maximum Profit Potential</b></p>\n<p>The maximum potential is realized if the stock price is equal to the strike price of the short call on the expiration date of the short call.</p>\n<p>In other words, the trader wants the RBLX stock price to remain as close to the strike price of the short option (i.e., $100 here) as possible at expiration (on Aug. 20, 2021), without going above it.</p>\n<p>In our example, the maximum return, in theory, would be about $1,553 at a price of $100.00 at expiry, excluding trading commissions and costs. (We arrived at this value using a profit and loss calculator online).</p>\n<p>Without the use of such a calculator, we could also arrive at an approximate dollar value. Let’s take a look:</p>\n<p>The option seller (i.e., the trader) received $1,283 for the sold option.</p>\n<p>Meanwhile, the underlying RBLX stock increased from $95.60 to $100. This is a difference of $4.40 per share of RBLX, or $440 for 100 shares.</p>\n<p>Because the delta of the long LEAPS option is taken as 0.8, the value of the long option will in theory increase by $440X 0.8 = $352 (However, in practice, it might be more or less than this value.)</p>\n<p>The total of $1,283 and $352 comes to $1,635. Although it is not the same as $1,553, we can regard it as a good approximate value.</p>\n<p>Understandably, if the strike price of our long option had been different (i.e., not $65.00), its delta would have been different, too. Then we need to use that delta value to arrive at the approximate final profit or loss value.</p>\n<p>Therefore, by not investing $9,560 initially in 100 shares of RBLX, the trader’s potential return is leveraged.</p>\n<p>Put another way, the premium the trader initially receives for selling the shorter-dated call option (i.e., $1,283) represents a higher percentage of the initial investment of $4,490 than if the trader bought 100 shares of RBLX outright at $9,560.</p>\n<p>Ideally, the trader hopes the short call will expire out-of-the money (worthless). Then, the trader can sell one call after the other, until the long LEAPS call expires in about a year and half.</p>\n<p><b>Position Management</b></p>\n<p>Active position management in a diagonal debit spread is typically more difficult for novice traders.</p>\n<p>If RBLX is above $100 on Aug. 20, the position will make less than the potential maximum return as the short-dated option will start losing money.</p>\n<p>Then, the trader might feel the need to close the trade early if the RBLX price shoots up and the short call gets caught deep ITM. In that case, the trader might need to close the entire trade and start over, or put together alternative option strategies.</p>\n<p>In a regular covered call, the trader might not necessarily mind being assigned the short option as s/he owns 100 shares of RBLX as well. However, in a poor person’s covered call, the trader would not necessarily want to be assigned the short call as s/he does not actually own those RBLX shares yet.</p>\n<p>On Aug. 20, this LEAPS covered call trade would, in theory, also start losing money if the RBLX stock price falls to about $81 or below. However, the actual break-even point could be different as there are different variables that affect the price of an option. Understandably, a stock's price could drop to $0, decreasing the value of the long call with it.</p>\n<p>Finally, we must also remind readers that deep ITM LEAPS options tend to have high bid/ask spreads. Therefore, every time the trader buys or sells a LEAPS option, there could be a significant transaction cost.</p>\n<p>In future weeks, we’ll continue our discussion with different examples of options strategies.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Want To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWant To Invest In Gaming? Consider A ‘Poor Person’s Covered Call’ On Roblox\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/92\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/406e2b4996e14cd8a66a2a6864ef4313);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">英为财情Investing </p>\n<p class=\"h-time\">2021-06-02 22:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Roblox</b>(NYSE:RBLX)&nbsp;stock has been getting increased attention in recent days. Shares of the company, which is behind the gaming app of the same name, made their Wall Street debut on Mar. 10, opening just shy of $65. Roblox is currently hovering at $95.74.</p>\n<p>The gaming platform depends on individual developers to create content. Analysts highlight that as a social media and gaming platform, Roblox could see considerable growth in the coming quarters.</p>\n<p>Therefore, potential investors might want to include the stock in their growth portfolio. However, buying 100 shares of RBLX stock would cost around $9,560, a considerable investment for many people.</p>\n<p>Some investors prefer to put together a \"poor person's covered call\" on the stock instead. Therefore, today we introduce a diagonal debit spread on RBLX by using LEAPS options. Such a strategy is sometimes used to replicate a covered call position at a considerably lower cost.</p>\n<p>Investors who are new to options might want to-revisit our previous articles on LEAPS options (for example,hereandhere) first, before reading further.</p>\n<p><b>A Diagonal Debit Spread On RBLX Stock</b></p>\n<p><b>Current Price:</b>$95.74</p>\n<p><b>52-Week Range:</b>$60.50 - $98.95</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29fd3d4c61c948a2d2723da571214088\" tg-width=\"2542\" tg-height=\"1164\"><span>Roblox Weekly Chart</span></p>\n<p>LEAPS stands for \"Long-Term Equity Anticipation Securities.” Readers might also see websites referring to them as LEAP options or LEAPs.</p>\n<p>Investors who believe in the long-run growth potential of underlying assets, such as Roblox stock, could consider using LEAPS options, which are long-dated, usually one to two years till expiration.</p>\n<p>Investors like LEAPS as they “cost less” than stocks, as they are offered at option contract prices.</p>\n<p>A trader first buys a “longer-term” call with a lower strike price. At the same time, the trader sells a “shorter-term” call with a higher strike price, creating a long diagonal spread.</p>\n<p>In other words, the call options for the underlying stock have different strikes and different expiration dates. The trader goes long one option and shorts the other to make a diagonal spread.</p>\n<p>In this LEAPS covered call strategy, both the profit potential and risk are limited. The trader establishes the position for a net debit (or cost). The net debit represents the maximum loss.</p>\n<p>Most traders entering such a strategy would be mildly bullish on the underlying security—here, Roblox.</p>\n<p>Instead of buying 100 shares of Roblox, the trader would buy a deep-in-the-money LEAPS call option, where that LEAPS call acts as a “surrogate” for owning the Roblox stock.</p>\n<p>As we write on Tuesday afternoon, Roblox stock is $95.60. Therefore, for this post, we'll use this price.</p>\n<p>For the first leg of this strategy, the trader might buy a deep in-the-money (ITM) LEAPS call, such as the RBLX Jan. 20, 2023, 65-strike call option. This option is currently offered at $44.90 (mid-point of the current bid and ask spread). In other words, it would cost the trader $4,490 instead of $9,560 to own this call option that expires in over one and a half years.</p>\n<p>The delta of this option is about 0.80. Delta shows the amount an option’s price is expected to move based on a $1 change in the underlying security.</p>\n<p>In this example, if Roblox stock goes up $1, to $96.60, the current option price of $44.90 would be expected to increase by approximately 80 cents, based on a delta of 0.80. However, the actual change might be slightly more or less depending on several other factors that are beyond the scope of this article.</p>\n<p>So an option’s delta increases as one goes deeper into the money. Traders would use deep ITM LEAPS strikes because as delta approaches 1, a LEAPS option's price moves begin to mirror that of the underlying stock. In simple terms, a delta of 0.80 would be like owning 80 shares of RBLX in this example (as opposed to 100 in a regular covered call).</p>\n<p>For the second leg of this strategy, the trader sells an out-of-the-money (OTM) short-term call, like the RBLX Aug. 20, 2021, 100-strike call option. This option’s current premium is $12.83. In other words, the option seller would receive $1,283, excluding trading commissions.</p>\n<p>There are two expiration dates in the strategy, making it quite difficult to give an exact formula for a break-even point in this trade.</p>\n<p>Different brokers or online websites might offer “profit and loss calculators” for such a trade setup. Calculating the value of back-month (i.e., LEAPS call) when the front-month (i.e., the shorter-dated) call option expires requires a pricing model to get a “guesstimate” for a break-even point.</p>\n<p><b>Maximum Profit Potential</b></p>\n<p>The maximum potential is realized if the stock price is equal to the strike price of the short call on the expiration date of the short call.</p>\n<p>In other words, the trader wants the RBLX stock price to remain as close to the strike price of the short option (i.e., $100 here) as possible at expiration (on Aug. 20, 2021), without going above it.</p>\n<p>In our example, the maximum return, in theory, would be about $1,553 at a price of $100.00 at expiry, excluding trading commissions and costs. (We arrived at this value using a profit and loss calculator online).</p>\n<p>Without the use of such a calculator, we could also arrive at an approximate dollar value. Let’s take a look:</p>\n<p>The option seller (i.e., the trader) received $1,283 for the sold option.</p>\n<p>Meanwhile, the underlying RBLX stock increased from $95.60 to $100. This is a difference of $4.40 per share of RBLX, or $440 for 100 shares.</p>\n<p>Because the delta of the long LEAPS option is taken as 0.8, the value of the long option will in theory increase by $440X 0.8 = $352 (However, in practice, it might be more or less than this value.)</p>\n<p>The total of $1,283 and $352 comes to $1,635. Although it is not the same as $1,553, we can regard it as a good approximate value.</p>\n<p>Understandably, if the strike price of our long option had been different (i.e., not $65.00), its delta would have been different, too. Then we need to use that delta value to arrive at the approximate final profit or loss value.</p>\n<p>Therefore, by not investing $9,560 initially in 100 shares of RBLX, the trader’s potential return is leveraged.</p>\n<p>Put another way, the premium the trader initially receives for selling the shorter-dated call option (i.e., $1,283) represents a higher percentage of the initial investment of $4,490 than if the trader bought 100 shares of RBLX outright at $9,560.</p>\n<p>Ideally, the trader hopes the short call will expire out-of-the money (worthless). Then, the trader can sell one call after the other, until the long LEAPS call expires in about a year and half.</p>\n<p><b>Position Management</b></p>\n<p>Active position management in a diagonal debit spread is typically more difficult for novice traders.</p>\n<p>If RBLX is above $100 on Aug. 20, the position will make less than the potential maximum return as the short-dated option will start losing money.</p>\n<p>Then, the trader might feel the need to close the trade early if the RBLX price shoots up and the short call gets caught deep ITM. In that case, the trader might need to close the entire trade and start over, or put together alternative option strategies.</p>\n<p>In a regular covered call, the trader might not necessarily mind being assigned the short option as s/he owns 100 shares of RBLX as well. However, in a poor person’s covered call, the trader would not necessarily want to be assigned the short call as s/he does not actually own those RBLX shares yet.</p>\n<p>On Aug. 20, this LEAPS covered call trade would, in theory, also start losing money if the RBLX stock price falls to about $81 or below. However, the actual break-even point could be different as there are different variables that affect the price of an option. Understandably, a stock's price could drop to $0, decreasing the value of the long call with it.</p>\n<p>Finally, we must also remind readers that deep ITM LEAPS options tend to have high bid/ask spreads. Therefore, every time the trader buys or sells a LEAPS option, there could be a significant transaction cost.</p>\n<p>In future weeks, we’ll continue our discussion with different examples of options strategies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116680979","content_text":"Roblox(NYSE:RBLX) stock has been getting increased attention in recent days. Shares of the company, which is behind the gaming app of the same name, made their Wall Street debut on Mar. 10, opening just shy of $65. Roblox is currently hovering at $95.74.\nThe gaming platform depends on individual developers to create content. Analysts highlight that as a social media and gaming platform, Roblox could see considerable growth in the coming quarters.\nTherefore, potential investors might want to include the stock in their growth portfolio. However, buying 100 shares of RBLX stock would cost around $9,560, a considerable investment for many people.\nSome investors prefer to put together a \"poor person's covered call\" on the stock instead. Therefore, today we introduce a diagonal debit spread on RBLX by using LEAPS options. Such a strategy is sometimes used to replicate a covered call position at a considerably lower cost.\nInvestors who are new to options might want to-revisit our previous articles on LEAPS options (for example,hereandhere) first, before reading further.\nA Diagonal Debit Spread On RBLX Stock\nCurrent Price:$95.74\n52-Week Range:$60.50 - $98.95\nRoblox Weekly Chart\nLEAPS stands for \"Long-Term Equity Anticipation Securities.” Readers might also see websites referring to them as LEAP options or LEAPs.\nInvestors who believe in the long-run growth potential of underlying assets, such as Roblox stock, could consider using LEAPS options, which are long-dated, usually one to two years till expiration.\nInvestors like LEAPS as they “cost less” than stocks, as they are offered at option contract prices.\nA trader first buys a “longer-term” call with a lower strike price. At the same time, the trader sells a “shorter-term” call with a higher strike price, creating a long diagonal spread.\nIn other words, the call options for the underlying stock have different strikes and different expiration dates. The trader goes long one option and shorts the other to make a diagonal spread.\nIn this LEAPS covered call strategy, both the profit potential and risk are limited. The trader establishes the position for a net debit (or cost). The net debit represents the maximum loss.\nMost traders entering such a strategy would be mildly bullish on the underlying security—here, Roblox.\nInstead of buying 100 shares of Roblox, the trader would buy a deep-in-the-money LEAPS call option, where that LEAPS call acts as a “surrogate” for owning the Roblox stock.\nAs we write on Tuesday afternoon, Roblox stock is $95.60. Therefore, for this post, we'll use this price.\nFor the first leg of this strategy, the trader might buy a deep in-the-money (ITM) LEAPS call, such as the RBLX Jan. 20, 2023, 65-strike call option. This option is currently offered at $44.90 (mid-point of the current bid and ask spread). In other words, it would cost the trader $4,490 instead of $9,560 to own this call option that expires in over one and a half years.\nThe delta of this option is about 0.80. Delta shows the amount an option’s price is expected to move based on a $1 change in the underlying security.\nIn this example, if Roblox stock goes up $1, to $96.60, the current option price of $44.90 would be expected to increase by approximately 80 cents, based on a delta of 0.80. However, the actual change might be slightly more or less depending on several other factors that are beyond the scope of this article.\nSo an option’s delta increases as one goes deeper into the money. Traders would use deep ITM LEAPS strikes because as delta approaches 1, a LEAPS option's price moves begin to mirror that of the underlying stock. In simple terms, a delta of 0.80 would be like owning 80 shares of RBLX in this example (as opposed to 100 in a regular covered call).\nFor the second leg of this strategy, the trader sells an out-of-the-money (OTM) short-term call, like the RBLX Aug. 20, 2021, 100-strike call option. This option’s current premium is $12.83. In other words, the option seller would receive $1,283, excluding trading commissions.\nThere are two expiration dates in the strategy, making it quite difficult to give an exact formula for a break-even point in this trade.\nDifferent brokers or online websites might offer “profit and loss calculators” for such a trade setup. Calculating the value of back-month (i.e., LEAPS call) when the front-month (i.e., the shorter-dated) call option expires requires a pricing model to get a “guesstimate” for a break-even point.\nMaximum Profit Potential\nThe maximum potential is realized if the stock price is equal to the strike price of the short call on the expiration date of the short call.\nIn other words, the trader wants the RBLX stock price to remain as close to the strike price of the short option (i.e., $100 here) as possible at expiration (on Aug. 20, 2021), without going above it.\nIn our example, the maximum return, in theory, would be about $1,553 at a price of $100.00 at expiry, excluding trading commissions and costs. (We arrived at this value using a profit and loss calculator online).\nWithout the use of such a calculator, we could also arrive at an approximate dollar value. Let’s take a look:\nThe option seller (i.e., the trader) received $1,283 for the sold option.\nMeanwhile, the underlying RBLX stock increased from $95.60 to $100. This is a difference of $4.40 per share of RBLX, or $440 for 100 shares.\nBecause the delta of the long LEAPS option is taken as 0.8, the value of the long option will in theory increase by $440X 0.8 = $352 (However, in practice, it might be more or less than this value.)\nThe total of $1,283 and $352 comes to $1,635. Although it is not the same as $1,553, we can regard it as a good approximate value.\nUnderstandably, if the strike price of our long option had been different (i.e., not $65.00), its delta would have been different, too. Then we need to use that delta value to arrive at the approximate final profit or loss value.\nTherefore, by not investing $9,560 initially in 100 shares of RBLX, the trader’s potential return is leveraged.\nPut another way, the premium the trader initially receives for selling the shorter-dated call option (i.e., $1,283) represents a higher percentage of the initial investment of $4,490 than if the trader bought 100 shares of RBLX outright at $9,560.\nIdeally, the trader hopes the short call will expire out-of-the money (worthless). Then, the trader can sell one call after the other, until the long LEAPS call expires in about a year and half.\nPosition Management\nActive position management in a diagonal debit spread is typically more difficult for novice traders.\nIf RBLX is above $100 on Aug. 20, the position will make less than the potential maximum return as the short-dated option will start losing money.\nThen, the trader might feel the need to close the trade early if the RBLX price shoots up and the short call gets caught deep ITM. In that case, the trader might need to close the entire trade and start over, or put together alternative option strategies.\nIn a regular covered call, the trader might not necessarily mind being assigned the short option as s/he owns 100 shares of RBLX as well. However, in a poor person’s covered call, the trader would not necessarily want to be assigned the short call as s/he does not actually own those RBLX shares yet.\nOn Aug. 20, this LEAPS covered call trade would, in theory, also start losing money if the RBLX stock price falls to about $81 or below. However, the actual break-even point could be different as there are different variables that affect the price of an option. Understandably, a stock's price could drop to $0, decreasing the value of the long call with it.\nFinally, we must also remind readers that deep ITM LEAPS options tend to have high bid/ask spreads. Therefore, every time the trader buys or sells a LEAPS option, there could be a significant transaction cost.\nIn future weeks, we’ll continue our discussion with different examples of options strategies.","news_type":1,"symbols_score_info":{"RBLX":0.9}},"isVote":1,"tweetType":1,"viewCount":2167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111020981,"gmtCreate":1622645014343,"gmtModify":1704188009849,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111020981","repostId":"1141662964","repostType":4,"isVote":1,"tweetType":1,"viewCount":2320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119645017,"gmtCreate":1622545513739,"gmtModify":1704186005174,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119645017","repostId":"1163643126","repostType":4,"isVote":1,"tweetType":1,"viewCount":2145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119648457,"gmtCreate":1622545377079,"gmtModify":1704186001927,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/119648457","repostId":"1156290775","repostType":4,"isVote":1,"tweetType":1,"viewCount":2622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131637735,"gmtCreate":1621853710827,"gmtModify":1704363311246,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/131637735","repostId":"1173244066","repostType":4,"repost":{"id":"1173244066","kind":"news","pubTimestamp":1621004086,"share":"https://ttm.financial/m/news/1173244066?lang=&edition=fundamental","pubTime":"2021-05-14 22:54","market":"us","language":"en","title":"What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1173244066","media":"CNN","summary":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver ","content":"<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.</p>\n<p>The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?</p>\n<p>Airbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.</p>\n<p>Airbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.</p>\n<p>The company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.</p>\n<p>DoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.</p>\n<p>\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.</p>\n<p>Disney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.</p>\n<p>The company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.</p>\n<p>Down but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.</p>\n<p>Whether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.</p>\n<p><b>It could get easier to get a credit card without a credit score</b></p>\n<p>For years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.</p>\n<p>Ten banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.</p>\n<p>The push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.</p>\n<p>Should the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.</p>\n<p>\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.</p>\n<p>The backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.</p>\n<p>Banks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.</p>\n<p>The business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.</p>\n<p>\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.</p>\n<p><b>Target will temporarily stop selling trading cards amid frenzy</b></p>\n<p>Target (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.</p>\n<p>The details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.</p>\n<p>\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"</p>\n<p>The cards will still be available online, the company said.</p>\n<p>Remember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.</p>\n<p>Target previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.</p>\n<p>Walmart (WMT), for its part, said it will keep selling cards in stores for now.</p>\n<p>\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.</p>\n<p><b>Up next</b></p>\n<p>Data on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.</p>\n<p>Coming next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Disney, Airbnb and DoorDash results reveal about the post-pandemic 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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Disney, Airbnb and DoorDash results reveal about the post-pandemic economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 22:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html><strong>CNN</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼","DASH":"DoorDash, Inc.","ABNB":"爱彼迎"},"source_url":"https://edition.cnn.com/2021/05/14/investing/premarket-stocks-trading/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173244066","content_text":"London (CNN Business)Companies are gearing up for an era in which Covid-19 isn't the primary driver of how people spend their money.\nThe big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past?\nAirbnb, DoorDash and Disney (DIS), which reported results after US markets closed on Thursday, provide some idea.\nAirbnb: The company said interest in travel is surging again as vaccines become more widely available, pointing to a sharp increase in bookings in the United Kingdom immediately after British Prime Minister Boris Johnson announced plans in February to gradually exit lockdown. For US customers aged 60 and above, searches on Airbnb for summer travel rose by more than 60% between February and March.\nThe company is also ready for more customers to use Airbnb for longer-term stays as they take advantage of greater acceptance of remote work. It said that nearly a quarter of stays last quarter were for 28 days or more, up 14% from 2019. Shares are down slightly in premarket trading.\nDoorDash: People are still ordering lots of food delivery even as restaurants open back up for traditional dining. DoorDash reported a 198% jump in revenue last quarter to $1.1 billion even as it dealt with a shortage of workers, and increased its full-year outlook.\n\"As markets continued reopening and in-store dining increased across the US, the impact to our order volume was smaller than we expected, which contributed to strong performance in the quarter,\" the company said, though it cautioned that may have been partially attributable to stimulus checks. Shares are up almost 9% in premarket trading.\nDisney: Streaming has carried Disney through the pandemic, with Disney+ growing to more than 100 million subscribers. Yet the biggest star in Disney's media universe appears to be shining a little less bright, sending shares down 4%.\nThe company said Thursday that Disney+ now has 103.6 million subscribers, below the 110 million Wall Street was expecting. That's forced investors to wonder: Is that because people are getting vaccinated and stepping away from streaming? Netflix also reported sluggish subscription growth last quarter.\nDown but not out: Disney said it remains on track to reach its long-term subscriber goals despite the apparent slowdown. It's betting that as the pandemic eases, it will be able to produce more movies and shows, helping to bring in new customers.\nWhether it's right will become clearer in the months ahead, which will pose the true test of whether people actually ditch their sweatpants, get out of the house and shake up the economy once again.\nIt could get easier to get a credit card without a credit score\nFor years, if you didn't have a credit score it was extremely difficult to get a credit card or certain types of loans. But a new plan among some of the nation's largest banks may help Americans without traditional credit histories get approved.\nTen banks — including JPMorgan Chase (JPM), Wells Fargo (WFC) and U.S. Bancorp (USB) — have tentatively agreed to a plan to share data like bank account deposits and bill payment activity to help qualify borrowers without traditional credit histories, according to the Wall Street Journal.\nThe push for financial institutions to come to a data sharing agreement came from a program run by the Office of the Comptroller of the Currency. The OCC has confirmed there is a plan, but the details of the agreement among the banks still need to be worked out.\nShould the proposed arrangement go through, it would mean that if you don't have a credit score but you have a bank account at Wells Fargo, for example, you can use that financial history to help you get a credit card with another bank, like JPMorgan Chase.\n\"This will give millions of Americans the opportunity to access credit that's essential to building wealth — buying a home, starting a business, or financing education,\" Trish Wexler, a spokesperson for JPMorgan Chase, told CNN Business.\nThe backstory: There are currently 53 million people without a credit score, according to the Fair Isaac Corporation, the creator of FICO credit scores. These consumers, who are disproportionately lower income and people of color, face higher borrowing costs because they're forced to turn to products like payday loans.\nBanks and lenders refer to those without credit history as \"credit invisible.\" This group can include young people or recent immigrants, as well as people who haven't used credit in a long time or who have lost their access due to financial difficulties.\nThe business angle: Big banks may also be eager to revise their policies as online upstarts chip away at demand for their products.\n\"Some of this cooperation among the biggest banks may be a bit of reaction to smaller banks and fintech companies infringing on their space,\" said Matt Schulz, chief industry analyst at LendingTree.\nTarget will temporarily stop selling trading cards amid frenzy\nTarget (TGT) has announced that it will stop selling trading cards in its stores following a violent dispute at one of its locations — a sign of just how overheated the market for collectibles has become.\nThe details: Last week, a Target in Wisconsin was locked down after a man was physically assaulted by four others over sports trading cards.\n\"The safety of our guests and our team is our top priority,\" Target said in a statement. \"Out of an abundance of caution, we've decided to temporarily suspend the sale of MLB, NFL, NBA and Pokémon trading cards within our stores, effective [Friday].\"\nThe cards will still be available online, the company said.\nRemember: The value of trading cards has skyrocketed in recent months during the Covid-19 pandemic. That's grabbed interest from both amateur and professional investors looking to cash in on spectacular returns.\nTarget previously was limiting card purchases to just one item a day, saying that guests were lining up overnight to get their hands on hot items, per CNN affiliate WISN.\nWalmart (WMT), for its part, said it will keep selling cards in stores for now.\n\"We are determining what, if any, changes are needed to meet customer demand while ensuring a safe and enjoyable shopping experience,\" a spokesperson said in a statement.\nUp next\nData on US retail sales, import and export prices and industrial production arrives at 8:30 a.m. ET.\nComing next week: Home Depot (HD) and Lowe's (LOW) report earnings as the housing market booms.","news_type":1,"symbols_score_info":{"DIS":0.9,"DASH":0.9,"ABNB":0.9}},"isVote":1,"tweetType":1,"viewCount":2070,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198422889,"gmtCreate":1620983097141,"gmtModify":1704351507765,"author":{"id":"3571392409099070","authorId":"3571392409099070","name":"ConnieCD","avatar":"https://community-static.tradeup.com/news/675ee724e69e84976e194bef3842dbb7","crmLevel":12,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3571392409099070","idStr":"3571392409099070"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198422889","repostId":"1150860680","repostType":4,"isVote":1,"tweetType":1,"viewCount":2075,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}