Profile - To The Moon

cfong

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- cfongcfong
  ·2021-09-24
  Wow
  Sorry, this post has been deleted
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- cfongcfong
  ·2021-09-24
  Oh
  Remitly Global opens for trading at $53, up about 23% from IPO price
  (Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price. Company & Tech
  Remitly Global opens for trading at $53, up about 23% from IPO price
  1.88K Comment
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- cfongcfong
  ·2021-09-23
  Oh
  Sorry, this post has been deleted
  3.18K 1
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- cfongcfong
  ·2021-09-20
  Great ariticle, would you like to share it?
  Sorry, this post has been deleted
  1.63K Comment
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- cfongcfong
  ·2021-08-24
  Wow
  Sorry, this post has been deleted
  2.20K Comment
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- cfongcfong
  ·2021-08-15
  Wow
  US IPO Week Ahead: IPO calendar is quiet amid annual August break
  The IPO market’s annual August lull is in full swing with no IPOs currently scheduled for the week a
  US IPO Week Ahead: IPO calendar is quiet amid annual August break
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- cfongcfong
  ·2021-08-06
  Good
  Nasdaq, S&P 500, set records as jobless claims decline
  * Nasdaq, S&P 500 close at record highs * Layoff at lowest in over 21 years * Healthcare and materia
  Nasdaq, S&P 500, set records as jobless claims decline
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- cfongcfong
  ·2021-08-04
  Wow
  Energy Stocks Look Cheap if Oil Prices Are an Indicator
  The price of oil has had a strong 2021 run. Oil stocks haven’t fully responded in kind, creating a p
  Energy Stocks Look Cheap if Oil Prices Are an Indicator
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- cfongcfong
  ·2021-08-03
  Wow
  Toplines Before US Market Open on Tuesday
  Futures up: Dow 0.46%, S&P 0.37%, Nasdaq 0.16%. Chinese gaming stocks listed in the U.S. slump in pr
  Toplines Before US Market Open on Tuesday
  2.22K Comment
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- cfongcfong
  ·2021-08-01
  Wow
  Sorry, this post has been deleted
  1.78K Comment
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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632410993,"share":"https://ttm.financial/m/news/1181941187?lang=&edition=fundamental","pubTime":"2021-09-23 23:29","market":"us","language":"en","title":"Remitly Global opens for trading at $53, up about 23% from IPO price","url":"https://stock-news.laohu8.com/highlight/detail?id=1181941187","media":"Tiger Newspress","summary":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Tech","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p>\n<p>Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p>\n<p>Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p>\n<p>The company’s primary offerings include:</p>\n<ul>\n <li>Mobile app</li>\n <li>Website</li>\n <li>Passbook KYC and identity verification</li>\n</ul>\n<p>RELY's coverage map of send and receive countries is shown below:</p>\n<p><img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p>\n<p>85% of the user base interacts primarily through its mobile application.</p>\n<p>Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p>\n<p><img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p>\n<p><img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p>\n<p>According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p>\n<p>This represents a forecast CAGR of 3.9% from 2019 to 2026.</p>\n<p>The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p>\n<p>Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p>\n<p><img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source)</p>\n<p>Major competitive or other industry participants by type include:</p>\n<ul>\n <li>Traditional providers and banks</li>\n <li>Digital-first cross-border providers</li>\n <li>Cryptocurrency systems</li>\n <li>Person-to-person informal channels</li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>Remitly’s recent financial results can be summarized as follows:</p>\n<ul>\n <li>Sharply growing top line revenue</li>\n <li>Increasing gross profit</li>\n <li>Variable gross margin within a tight range</li>\n <li>Reduced operating losses and negative operating margin</li>\n <li>A sharp swing to positive cash flow from operations</li>\n</ul>\n<p>Below are relevant financial results derived from the firm’s registration statement:</p>\n<p><img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p>\n<p><b>IPO Details</b></p>\n<p>RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p>\n<p>Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p>\n<p>Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p>\n<blockquote>\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n</blockquote>\n<blockquote>\n (Source)\n</blockquote>\n<p>Management’s presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p>\n<p>Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<p><img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p>\n<p><img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Commentary</b></p>\n<p>RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p>\n<p>The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p>\n<p>Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p>\n<p>The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p>\n<p>Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p>\n<p>As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p>\n<p>RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p>\n<p>I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p>\n<p>RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</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>Remitly Global opens for trading at $53, up about 23% from IPO price</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\">\nRemitly Global opens for trading at $53, up about 23% from IPO price\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 23:29</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/RELY\">Remitly Global, Inc.</a> opens for trading at $53, up about 23% from IPO price.</p>\n<p><img src=\"https://static.tigerbbs.com/0e4f9fae02046c2dec20410744605a2c\" tg-width=\"903\" tg-height=\"560\" referrerpolicy=\"no-referrer\">Company &amp; Technology</p>\n<p>Seattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.</p>\n<p>Management is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.</p>\n<p>The company’s primary offerings include:</p>\n<ul>\n <li>Mobile app</li>\n <li>Website</li>\n <li>Passbook KYC and identity verification</li>\n</ul>\n<p>RELY's coverage map of send and receive countries is shown below:</p>\n<p><img src=\"https://static.tigerbbs.com/b7da41517703af76d2ad5767a6f62c3e\" tg-width=\"1280\" tg-height=\"610\" referrerpolicy=\"no-referrer\">Remitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.</p>\n<p><b>Customer Acquisition</b></p>\n<p>The firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.</p>\n<p>85% of the user base interacts primarily through its mobile application.</p>\n<p>Marketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:</p>\n<p><img src=\"https://static.tigerbbs.com/02aab34075357a711003ef9c015d8c91\" tg-width=\"613\" tg-height=\"303\" referrerpolicy=\"no-referrer\">The Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:</p>\n<p><img src=\"https://static.tigerbbs.com/578ef0f05e558e837af9959d96e698ae\" tg-width=\"609\" tg-height=\"241\" referrerpolicy=\"no-referrer\">Market &amp; Competition</p>\n<p>According to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.</p>\n<p>This represents a forecast CAGR of 3.9% from 2019 to 2026.</p>\n<p>The main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.</p>\n<p>Also, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:</p>\n<p><img src=\"https://static.tigerbbs.com/ac62350b35b880b02943827b083ac10f\" tg-width=\"1280\" tg-height=\"778\" referrerpolicy=\"no-referrer\"></p>\n<p>(Source)</p>\n<p>Major competitive or other industry participants by type include:</p>\n<ul>\n <li>Traditional providers and banks</li>\n <li>Digital-first cross-border providers</li>\n <li>Cryptocurrency systems</li>\n <li>Person-to-person informal channels</li>\n</ul>\n<p><b>Financial Performance</b></p>\n<p>Remitly’s recent financial results can be summarized as follows:</p>\n<ul>\n <li>Sharply growing top line revenue</li>\n <li>Increasing gross profit</li>\n <li>Variable gross margin within a tight range</li>\n <li>Reduced operating losses and negative operating margin</li>\n <li>A sharp swing to positive cash flow from operations</li>\n</ul>\n<p>Below are relevant financial results derived from the firm’s registration statement:</p>\n<p><img src=\"https://static.tigerbbs.com/aa0ce70faef1b56c76c0740d90699667\" tg-width=\"609\" tg-height=\"618\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/fbe99db82b3de0dae05dd04c280ae89b\" tg-width=\"612\" tg-height=\"626\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5afee2a5147ec95f52a2d9c6c70566c0\" tg-width=\"614\" tg-height=\"615\" referrerpolicy=\"no-referrer\">As of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.</p>\n<p>Free cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).</p>\n<p><b>IPO Details</b></p>\n<p>RELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.</p>\n<p>Existing shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.</p>\n<p>Assuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.</p>\n<p>Excluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.</p>\n<p>Per the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:</p>\n<blockquote>\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n</blockquote>\n<blockquote>\n (Source)\n</blockquote>\n<p>Management’s presentation of the company roadshow isavailable here.</p>\n<p>Regarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.</p>\n<p>Listed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.</p>\n<p><b>Valuation Metrics</b></p>\n<p>Below is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:</p>\n<p><img src=\"https://static.tigerbbs.com/2c705850107b99d30d618d9c817fe019\" tg-width=\"610\" tg-height=\"709\" referrerpolicy=\"no-referrer\">As a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:</p>\n<p><img src=\"https://static.tigerbbs.com/04c287d0fe2fe1b0b983b6cb07ad4b59\" tg-width=\"611\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Commentary</b></p>\n<p>RELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.</p>\n<p>The firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.</p>\n<p>Free cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).</p>\n<p>Marketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.</p>\n<p>The market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.</p>\n<p>Goldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.</p>\n<p>The primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.</p>\n<p>As for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.</p>\n<p>RELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.</p>\n<p>I’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.</p>\n<p>RELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RELY":"Remitly Global, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181941187","content_text":"(Sept 23) Remitly Global, Inc. opens for trading at $53, up about 23% from IPO price.\nCompany & Technology\nSeattle, Washington-based Remitly was founded to develop a platform to enable people to send cross-border remittances more easily and at a lower cost than traditional banking service providers.\nManagement is headed by co-founder, president and CEO Matthew Oppenheimer, who has been with the firm since inception and was previously employed by Barclays PLC(NYSE:BCS), a multinational bank.\nThe company’s primary offerings include:\n\nMobile app\nWebsite\nPassbook KYC and identity verification\n\nRELY's coverage map of send and receive countries is shown below:\nRemitly has received at least $390 million in equity investment from investors including PayU Fintech Investments, Strips, Threshold Ventures, Generation IM Sustainable Solutions, and Trilogy Equity Partners.\nCustomer Acquisition\nThe firm focuses its development efforts on the over 280 million immigrants and their families who seek to send and receive money worldwide.\n85% of the user base interacts primarily through its mobile application.\nMarketing expenses as a percentage of total revenue have dropped markedly as revenues have increased, as the figures below indicate:\nThe Marketing efficiency rate, defined as how many dollars of additional new revenue are generated by each dollar of Marketing spend, rose slightly to 1.9x in the most recent reporting period, as shown in the table below:\nMarket & Competition\nAccording to a 2020 marketresearch reportby Allied Market Research, the global remittance market was an estimated $683 billion in 2018 and is forecast to reach $930 billion by 2026.\nThis represents a forecast CAGR of 3.9% from 2019 to 2026.\nThe main drivers for this expected growth are an increase in population migration and growth in business remittances and more businesses producing goods and services for export.\nAlso, the chart below indicates that the bank segment will continue to dominate the global remittance market, at least through 2026:\n\n(Source)\nMajor competitive or other industry participants by type include:\n\nTraditional providers and banks\nDigital-first cross-border providers\nCryptocurrency systems\nPerson-to-person informal channels\n\nFinancial Performance\nRemitly’s recent financial results can be summarized as follows:\n\nSharply growing top line revenue\nIncreasing gross profit\nVariable gross margin within a tight range\nReduced operating losses and negative operating margin\nA sharp swing to positive cash flow from operations\n\nBelow are relevant financial results derived from the firm’s registration statement:\nAs of June 30, 2021, Remitly had $173 million in cash and $134 million in total liabilities.\nFree cash flow during the twelve months ended June 30, 2021, was negative ($10.6 million).\nIPO Details\nRELY intends to sell 12.2 million shares of common stock at a proposed midpoint price of $40.00 per share for gross proceeds of approximately $487 million, not including the sale of customary underwriter options.\nExisting shareholder PayU Fintech has agreed to purchase shares of up to $25.0 million in a concurrent private placement at the IPO price.\nAssuming a successful IPO at the midpoint of the proposed price range, the company’s enterprise value at IPO (ex-underwriter options) would approximate $6.0 billion.\nExcluding effects of underwriter options and private placement shares or restricted stock, if any, the float to outstanding shares ratio will be approximately 7.53%. A figure under 10% is generally considered a ‘low float’ stock which can be subject to significant price volatility.\nPer the firm’s most recent regulatory filing, it plans to use the net proceeds as follows:\n\n We currently intend to use the net proceeds we receive from this offering and the private placement for working capital and other general corporate purposes, which may include marketing, technology and product development, geographic or product expansions, general and administrative matters, and capital expenditures. We may also use a portion of the net proceeds for the acquisition of, or investment in, technologies, solutions, or businesses that complement our business. However, we do not have agreements or commitments for any acquisitions or investments outside the ordinary course of business at this time.\n\n\n (Source)\n\nManagement’s presentation of the company roadshow isavailable here.\nRegarding outstanding legal proceedings, management said the firm is not party to any legal or regulatory proceedings that would be material to its operations or financial condition.\nListed bookrunners of the IPO are Goldman Sachs, J.P. Morgan, and other investment banks.\nValuation Metrics\nBelow is a table of the firm’s relevant capitalization and valuation metrics at IPO, excluding the effects of underwriter options:\nAs a reference, a potential partial public comparable would be PayPal (PYPL); shown below is a comparison of their primary valuation metrics:\n\nCommentary\nRELY is seeking to go public in the U.S. to provide capital for its corporate expansion plans.\nThe firm’s financials show strong top line revenue growth, reduced operating losses, and lowered negative operating margin and growing cash flow from operations.\nFree cash flow for the twelve months ended June 30, 2021, was negative ($10.6 million).\nMarketing expenses as a percentage of total revenue have dropped as revenue has increased and its Marketing efficiency rate grew to 1.9x in the most recent report period.\nThe market opportunity for providing cross-border remittance services is very large and expected to grow as immigration continues to rise and businesses produce more goods for export.\nGoldman Sachs is the lead left underwriter and IPOs led by the firm over the last 12-month period have generated an average return of 39.5% since their IPO. This is a mid-tier performance for all major underwriters during the period.\nThe primary risk to the company’s outlook is increased competition from cryptocurrency networks, although these networks have their own adoption hurdles and are still nascent.\nAs for valuation, compared to PayPal, the firm’s revenue multiple expectation is higher, but RELY is also growing top line revenue at a much higher rate, although on a lower revenue base than PayPal.\nRELY is clearly a fast-growing company that is approaching operating breakeven. However, the firm faces competition from fast-growing cryptocurrency networks which are making inroads into the traditional payment rails by companies such as Remitly.\nI’m impressed by the firm’s growth but concerned as to whether that growth can continue at its present rate.\nRELY is probably a fine investment opportunity, but I'll watch the IPO from the sidelines.","news_type":1,"symbols_score_info":{"RELY":0.9}},"isVote":1,"tweetType":1,"viewCount":1875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863995101,"gmtCreate":1632351915003,"gmtModify":1676530757714,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863995101","repostId":"2169657474","repostType":4,"isVote":1,"tweetType":1,"viewCount":3183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860333178,"gmtCreate":1632132517594,"gmtModify":1676530707171,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860333178","repostId":"1119691293","repostType":4,"isVote":1,"tweetType":1,"viewCount":1627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834025209,"gmtCreate":1629763520101,"gmtModify":1676530121910,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/834025209","repostId":"1140215654","repostType":4,"isVote":1,"tweetType":1,"viewCount":2203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897746573,"gmtCreate":1628990175292,"gmtModify":1676529903888,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897746573","repostId":"1147342921","repostType":4,"repost":{"id":"1147342921","kind":"news","pubTimestamp":1628987746,"share":"https://ttm.financial/m/news/1147342921?lang=&edition=fundamental","pubTime":"2021-08-15 08:35","market":"us","language":"en","title":"US IPO Week Ahead: IPO calendar is quiet amid annual August break","url":"https://stock-news.laohu8.com/highlight/detail?id=1147342921","media":"Renaissance Capital","summary":"The IPO market’s annual August lull is in full swing with no IPOs currently scheduled for the week a","content":"<p>The IPO market’s annual August lull is in full swing with no IPOs currently scheduled for the week ahead. While the calendar is empty for now, we may see some SPACs join the calendar throughout the week. We also anticipate filing activity to pick up in the coming weeks ahead of the post-Labor Day rush.</p>\n<p>Street research is expected for 19 companies in the week ahead, and lock-up periods will be expiring for up to seven companies. For access to Street research and lock-up expiration dates,sign up for a free trial of IPO Pro.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 8/12/2021, the Renaissance IPO Index was up 0.8% year-to-date, while the S&amp;P 500 was up 18.8%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 9.7% year-to-date, while the ACWX was up 9.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include EQT Partners and Smoore International.</p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US IPO Week Ahead: IPO calendar is quiet amid annual August break</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: IPO calendar is quiet amid annual August break\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-15 08:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/85282/US-IPO-Week-Ahead-IPO-calendar-is-quiet-amid-annual-August-break><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The IPO market’s annual August lull is in full swing with no IPOs currently scheduled for the week ahead. While the calendar is empty for now, we may see some SPACs join the calendar throughout the ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85282/US-IPO-Week-Ahead-IPO-calendar-is-quiet-amid-annual-August-break\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85282/US-IPO-Week-Ahead-IPO-calendar-is-quiet-amid-annual-August-break","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147342921","content_text":"The IPO market’s annual August lull is in full swing with no IPOs currently scheduled for the week ahead. While the calendar is empty for now, we may see some SPACs join the calendar throughout the week. We also anticipate filing activity to pick up in the coming weeks ahead of the post-Labor Day rush.\nStreet research is expected for 19 companies in the week ahead, and lock-up periods will be expiring for up to seven companies. For access to Street research and lock-up expiration dates,sign up for a free trial of IPO Pro.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 8/12/2021, the Renaissance IPO Index was up 0.8% year-to-date, while the S&P 500 was up 18.8%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 9.7% year-to-date, while the ACWX was up 9.3%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include EQT Partners and Smoore International.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899593405,"gmtCreate":1628205243907,"gmtModify":1703502968036,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899593405","repostId":"2157456017","repostType":4,"repost":{"id":"2157456017","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1628204156,"share":"https://ttm.financial/m/news/2157456017?lang=&edition=fundamental","pubTime":"2021-08-06 06:55","market":"us","language":"en","title":"Nasdaq, S&P 500, set records as jobless claims decline","url":"https://stock-news.laohu8.com/highlight/detail?id=2157456017","media":"Reuters","summary":"* Nasdaq, S&P 500 close at record highs\n* Layoff at lowest in over 21 years\n* Healthcare and materia","content":"<p>* Nasdaq, S&amp;P 500 close at record highs</p>\n<p>* Layoff at lowest in over 21 years</p>\n<p>* Healthcare and materials sectoral losers on S&amp;P 500</p>\n<p>Aug 5 (Reuters) - The Nasdaq and S&amp;P 500 closed at record levels on Thursday after a spate of strong corporate earnings and a further decline in U.S. unemployment claims last week, as investors weighed concerns of the surge of the Delta variant ahead of Friday's job's report.</p>\n<p>Initial claims for state unemployment benefits fell by 14,000 to 385,000 in the week ended July 31, while layoffs dropped to their lowest level in more than 21 years last month as companies held on to their workers amid a labor shortage, the Labor Department's report showed.</p>\n<p>\"The directional change has continued to be improving in the last few weeks and now it's a new low since beginning the pandemic,\" said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta, Georgia. \"I think that's what (is) kind of leading to some optimism today and earnings to this point have been positive.\"</p>\n<p>Nine of the 11 major S&amp;P 500 sector indexes rose, with healthcare stocks in the red as Cigna Corp slipped 10.9% after predicting a bigger hit to full-year earnings from the pandemic.</p>\n<p>Focus will now shift to the jobs report for July on Friday. Analysts say a disappointing number might raise questions about an economic recovery, but it could also lead the Federal Reserve to remain accommodative.</p>\n<p>Meanwhile, Robinhood Markets Inc tumbled 27.6%, snapping a four-day rally fueled by interest from retail traders.</p>\n<p>ViacomCBS Inc jumped 7.1% as the company said it signed up the highest number of new streaming subscribers in the second quarter, and struck a multi-year deal with Comcast Corp's&nbsp;Sky to launch the Paramount+ streaming service in Europe.</p>\n<p>The Dow Jones Industrial Average rose 271.58 points, or 0.78%, to 35,064.25, the S&amp;P 500 gained 26.44 points, or 0.60%, to 4,429.1 and the Nasdaq Composite added 114.58 points, or 0.78%, to 14,895.12.</p>\n<p>Concerns about the pace of economic growth and higher inflation have pressured the S&amp;P 500 index, but stellar corporate earnings so far have put it on track to end the week higher.</p>\n<p>Fed Vice Chair Richard Clarida, a major architect of the central bank's new policy strategy, said on Wednesday he felt the conditions for raising interest rates could be met by the end of 2022.</p>\n<p>Volume on U.S. exchanges was 8.86 billion shares, compared with the 9.63 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.26-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 52 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 111 new highs and 103 new lows.</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>Nasdaq, S&P 500, set records as jobless claims decline</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\">\nNasdaq, S&P 500, set records as jobless claims decline\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\">2021-08-06 06:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* Nasdaq, S&amp;P 500 close at record highs</p>\n<p>* Layoff at lowest in over 21 years</p>\n<p>* Healthcare and materials sectoral losers on S&amp;P 500</p>\n<p>Aug 5 (Reuters) - The Nasdaq and S&amp;P 500 closed at record levels on Thursday after a spate of strong corporate earnings and a further decline in U.S. unemployment claims last week, as investors weighed concerns of the surge of the Delta variant ahead of Friday's job's report.</p>\n<p>Initial claims for state unemployment benefits fell by 14,000 to 385,000 in the week ended July 31, while layoffs dropped to their lowest level in more than 21 years last month as companies held on to their workers amid a labor shortage, the Labor Department's report showed.</p>\n<p>\"The directional change has continued to be improving in the last few weeks and now it's a new low since beginning the pandemic,\" said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta, Georgia. \"I think that's what (is) kind of leading to some optimism today and earnings to this point have been positive.\"</p>\n<p>Nine of the 11 major S&amp;P 500 sector indexes rose, with healthcare stocks in the red as Cigna Corp slipped 10.9% after predicting a bigger hit to full-year earnings from the pandemic.</p>\n<p>Focus will now shift to the jobs report for July on Friday. Analysts say a disappointing number might raise questions about an economic recovery, but it could also lead the Federal Reserve to remain accommodative.</p>\n<p>Meanwhile, Robinhood Markets Inc tumbled 27.6%, snapping a four-day rally fueled by interest from retail traders.</p>\n<p>ViacomCBS Inc jumped 7.1% as the company said it signed up the highest number of new streaming subscribers in the second quarter, and struck a multi-year deal with Comcast Corp's&nbsp;Sky to launch the Paramount+ streaming service in Europe.</p>\n<p>The Dow Jones Industrial Average rose 271.58 points, or 0.78%, to 35,064.25, the S&amp;P 500 gained 26.44 points, or 0.60%, to 4,429.1 and the Nasdaq Composite added 114.58 points, or 0.78%, to 14,895.12.</p>\n<p>Concerns about the pace of economic growth and higher inflation have pressured the S&amp;P 500 index, but stellar corporate earnings so far have put it on track to end the week higher.</p>\n<p>Fed Vice Chair Richard Clarida, a major architect of the central bank's new policy strategy, said on Wednesday he felt the conditions for raising interest rates could be met by the end of 2022.</p>\n<p>Volume on U.S. exchanges was 8.86 billion shares, compared with the 9.63 billion average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.26-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 52 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 111 new highs and 103 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","SDS":"两倍做空标普500 ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","OEX":"标普100","SPXU":"三倍做空标普500ETF-ProShares","SPY":"标普500ETF","HOOD":"Robinhood","CMCSA":"康卡斯特","OEF":"标普100指数ETF-iShares","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares",".IXIC":"NASDAQ Composite","CI":"信诺保险","IVV":"标普500ETF-iShares",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2157456017","content_text":"* Nasdaq, S&P 500 close at record highs\n* Layoff at lowest in over 21 years\n* Healthcare and materials sectoral losers on S&P 500\nAug 5 (Reuters) - The Nasdaq and S&P 500 closed at record levels on Thursday after a spate of strong corporate earnings and a further decline in U.S. unemployment claims last week, as investors weighed concerns of the surge of the Delta variant ahead of Friday's job's report.\nInitial claims for state unemployment benefits fell by 14,000 to 385,000 in the week ended July 31, while layoffs dropped to their lowest level in more than 21 years last month as companies held on to their workers amid a labor shortage, the Labor Department's report showed.\n\"The directional change has continued to be improving in the last few weeks and now it's a new low since beginning the pandemic,\" said Keith Buchanan, portfolio manager at Globalt Investments in Atlanta, Georgia. \"I think that's what (is) kind of leading to some optimism today and earnings to this point have been positive.\"\nNine of the 11 major S&P 500 sector indexes rose, with healthcare stocks in the red as Cigna Corp slipped 10.9% after predicting a bigger hit to full-year earnings from the pandemic.\nFocus will now shift to the jobs report for July on Friday. Analysts say a disappointing number might raise questions about an economic recovery, but it could also lead the Federal Reserve to remain accommodative.\nMeanwhile, Robinhood Markets Inc tumbled 27.6%, snapping a four-day rally fueled by interest from retail traders.\nViacomCBS Inc jumped 7.1% as the company said it signed up the highest number of new streaming subscribers in the second quarter, and struck a multi-year deal with Comcast Corp's Sky to launch the Paramount+ streaming service in Europe.\nThe Dow Jones Industrial Average rose 271.58 points, or 0.78%, to 35,064.25, the S&P 500 gained 26.44 points, or 0.60%, to 4,429.1 and the Nasdaq Composite added 114.58 points, or 0.78%, to 14,895.12.\nConcerns about the pace of economic growth and higher inflation have pressured the S&P 500 index, but stellar corporate earnings so far have put it on track to end the week higher.\nFed Vice Chair Richard Clarida, a major architect of the central bank's new policy strategy, said on Wednesday he felt the conditions for raising interest rates could be met by the end of 2022.\nVolume on U.S. exchanges was 8.86 billion shares, compared with the 9.63 billion average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.06-to-1 ratio; on Nasdaq, a 2.26-to-1 ratio favored advancers.\nThe S&P 500 posted 52 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 111 new highs and 103 new lows.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"VIAC":0.9,"CI":0.9,"CMCSA":0.9,"UPRO":0.9,".SPX":0.9,"SDS":0.9,"IVV":0.9,"OEX":0.9,"SPY":0.9,"ESmain":0.9,".DJI":0.9,"OEF":0.9,"HOOD":0.9,"SH":0.9,"SSO":0.9,"SPXU":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807530604,"gmtCreate":1628042505008,"gmtModify":1703500117160,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807530604","repostId":"1154291132","repostType":4,"repost":{"id":"1154291132","kind":"news","pubTimestamp":1628041967,"share":"https://ttm.financial/m/news/1154291132?lang=&edition=fundamental","pubTime":"2021-08-04 09:52","market":"us","language":"en","title":"Energy Stocks Look Cheap if Oil Prices Are an Indicator","url":"https://stock-news.laohu8.com/highlight/detail?id=1154291132","media":"Barrons","summary":"The price of oil has had a strong 2021 run. Oil stocks haven’t fully responded in kind, creating a p","content":"<p>The price of oil has had a strong 2021 run. Oil stocks haven’t fully responded in kind, creating a potential buying opportunity.</p>\n<p>The price of WTI Crude oil is up about 45% year-to-date as reopenings and trillions of dollars of fiscal stimulus have jolted economic demand.</p>\n<p>Energy stocks have also performed handsomely. The&nbsp;Energy Select Sector SPDR Fund(ticker: XLE), which counts oil majors&nbsp;Exxon Mobil(XOM) and&nbsp;Chevron(CVX) as its two largest holdings, has risen about 30.5% for the year. That outpaces the&nbsp;S&amp;P 500’s&nbsp;gain in that time by about 11 percentage points.</p>\n<p>But stock gains for&nbsp;energy companies&nbsp;should be stronger than that, given historical trends. With crude oil recently trading around $70 a barrel, the average S&amp;P 500 energy stock should have outperformed the broader index by several times greater than the outperformance seen in 2021, according to Citigroup data.</p>\n<p>The bank’s data show a tight correlation between the price of crude oil and the outperformance of energy stocks, dating back to 1995. Recently, the two have become decorrelated. Now, “the [energy] stocks look underpriced given the rebound in crude,” writes Tobias Levkovich, chief U.S. equity strategist at Citigroup.</p>\n<p><img src=\"https://static.tigerbbs.com/b4d90632bcc788f231842041326cc72d\" tg-width=\"865\" tg-height=\"580\" width=\"100%\" height=\"auto\"></p>\n<p>Others on Wall Street have also noted the fairly cheap price of energy stocks. Strategists at Truist recently wrote that energy stocks have been in an “oversold” condition. Just a week ago,none of the S&amp;P 500 energy stocks were trading above their 50-day moving averages.</p>\n<p>On the flip side, the relatively disappointing performance of energy stocks could signify that the price of crude oil is bound to drop.</p>\n<p>To be sure, investors have recently been grappling with&nbsp;the strong possibility that the U.S. has already seen the fastest economic growth it will see&nbsp;for the current economic expansion, a dynamic that isn’t positive for oil demand. The price of oil—and the energy fund—have both fallen from 2021 peaks hit in July and June, respectively.</p>\n<p>But those who believe in strengthening oil demand can believe in oil stocks from here.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energy Stocks Look Cheap if Oil Prices Are an Indicator</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\">\nEnergy Stocks Look Cheap if Oil Prices Are an Indicator\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-04 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/energy-stocks-look-cheap-if-oil-prices-are-an-indicator-51628026755?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The price of oil has had a strong 2021 run. Oil stocks haven’t fully responded in kind, creating a potential buying opportunity.\nThe price of WTI Crude oil is up about 45% year-to-date as reopenings ...</p>\n\n<a href=\"https://www.barrons.com/articles/energy-stocks-look-cheap-if-oil-prices-are-an-indicator-51628026755?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HAL":"哈里伯顿","XLE":"SPDR能源指数ETF","BP":"英国石油","CPE":"卡隆石油","XOM":"埃克森美孚","CVX":"雪佛龙","RDS.A":"荷兰皇家壳牌石油A类股","COP":"康菲石油","SLB":"斯伦贝谢","OXY":"西方石油"},"source_url":"https://www.barrons.com/articles/energy-stocks-look-cheap-if-oil-prices-are-an-indicator-51628026755?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154291132","content_text":"The price of oil has had a strong 2021 run. Oil stocks haven’t fully responded in kind, creating a potential buying opportunity.\nThe price of WTI Crude oil is up about 45% year-to-date as reopenings and trillions of dollars of fiscal stimulus have jolted economic demand.\nEnergy stocks have also performed handsomely. The Energy Select Sector SPDR Fund(ticker: XLE), which counts oil majors Exxon Mobil(XOM) and Chevron(CVX) as its two largest holdings, has risen about 30.5% for the year. That outpaces the S&P 500’s gain in that time by about 11 percentage points.\nBut stock gains for energy companies should be stronger than that, given historical trends. With crude oil recently trading around $70 a barrel, the average S&P 500 energy stock should have outperformed the broader index by several times greater than the outperformance seen in 2021, according to Citigroup data.\nThe bank’s data show a tight correlation between the price of crude oil and the outperformance of energy stocks, dating back to 1995. Recently, the two have become decorrelated. Now, “the [energy] stocks look underpriced given the rebound in crude,” writes Tobias Levkovich, chief U.S. equity strategist at Citigroup.\n\nOthers on Wall Street have also noted the fairly cheap price of energy stocks. Strategists at Truist recently wrote that energy stocks have been in an “oversold” condition. Just a week ago,none of the S&P 500 energy stocks were trading above their 50-day moving averages.\nOn the flip side, the relatively disappointing performance of energy stocks could signify that the price of crude oil is bound to drop.\nTo be sure, investors have recently been grappling with the strong possibility that the U.S. has already seen the fastest economic growth it will see for the current economic expansion, a dynamic that isn’t positive for oil demand. The price of oil—and the energy fund—have both fallen from 2021 peaks hit in July and June, respectively.\nBut those who believe in strengthening oil demand can believe in oil stocks from here.","news_type":1,"symbols_score_info":{"XLE":0.9,"HAL":0.9,"XOM":0.9,"SLB":0.9,"OXY":0.9,"RDS.A":0.9,"BP":0.9,"CVX":0.9,"COP":0.9,"CPE":0.9}},"isVote":1,"tweetType":1,"viewCount":2527,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807908376,"gmtCreate":1627993809895,"gmtModify":1703499253530,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807908376","repostId":"1126095878","repostType":4,"repost":{"id":"1126095878","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627991741,"share":"https://ttm.financial/m/news/1126095878?lang=&edition=fundamental","pubTime":"2021-08-03 19:55","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1126095878","media":"Tiger Newspress","summary":"Futures up: Dow 0.46%, S&P 0.37%, Nasdaq 0.16%.\nChinese gaming stocks listed in the U.S. slump in pr","content":"<ul>\n <li>Futures up: Dow 0.46%, S&amp;P 0.37%, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> 0.16%.</li>\n <li>Chinese gaming stocks listed in the U.S. slump in premarket trading.</li>\n <li><a href=\"https://laohu8.com/S/UA.C\">Under Armour</a>, Translate Bio, <a href=\"https://laohu8.com/S/CLX\">Clorox</a> and more&nbsp;made&nbsp;the biggest moves in the premarket.</li>\n <li>Crude oil reversed earlier losses as sentiment improved in broader markets.</li>\n</ul>\n<p>(August 3)&nbsp;U.S. stock index futures rose on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.</p>\n<p>At 08:02 a.m. ET, Dow E-minis were up 159 points, or 0.46%, S&amp;P 500 E-minis were up 16&nbsp;points, or 0.37% and Nasdaq 100 E-minis rose 24.5 points, or 0.16%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/041b88ace41d9b6a718971a4da2e78b4\" tg-width=\"1242\" tg-height=\"484\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:02</span></p>\n<p>The big story overnight was <a href=\"https://laohu8.com/S/CAAS\">China</a>'s latest crackdown in which the XInhua-affiliated Economic <a href=\"https://laohu8.com/S/III\">Information</a> Daily cited Tencent's \"Honor of Kings\" in an article in which it said minors were addicted to online games and called for more curbs on the industry. The broadside re-ignited investor fears about state intervention in China after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth.&nbsp; \"They don’t believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,” Ether Yin, partner at Trivium, a Beijing-based consultancy.</p>\n<p>Not surprisingly, Chinese gaming stocks listed in the U.S. slump in premarket trading; among the biggest gaming-related stocks falling this morning, <a href=\"https://laohu8.com/S/NTES\">NetEase</a> sinks 8.8%, Bilibili falls 6.67%, Huya declines 4.79% and <a href=\"https://laohu8.com/S/DOYU\">DouYu</a> International slides 5.12% as of 8:11am in <a href=\"https://laohu8.com/S/NWY\">New York</a>, Other large-cap Chinese stocks are also lower in U.S. premarket trading: <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> -0.94%, Pinduoduo -1.2%, Baidu -0.37%, Didi -1.25%.</p>\n<p><img src=\"https://static.tigerbbs.com/7d28ab254bf7e852d939886a935a67a2\" tg-width=\"373\" tg-height=\"642\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket: <a href=\"https://laohu8.com/S/UA\">Under Armour</a>, Translate Bio, Clorox and more</b></p>\n<p><b>1)&nbsp;Under Armour(UAA)</b> – Under Armour shares jumped 4.5% in the premarket, after the athletic apparel maker beat estimates on the top and bottom lines and the company raised its full-year forecast. Under Armour reported quarterly earnings of 24 cents per share, compared to a consensus estimate of 6 cents a share.</p>\n<p><b>2)&nbsp;Translate Bio(TBIO)</b> – French drugmakerSanofi(SNY) agreed to buy the U.S.-based biotech company for $3.2 billion, or $38 per share in cash. Translate Bio specializes in mRNA technology, the type that was used to produce thePfizerandModernaCovid-19 vaccines. Translate Bio shares soared 29.6% in premarket trading.</p>\n<p><b>3)&nbsp;Clorox(CLX) </b>– Clorox tumbled 8.6% in premarket action after the household products maker missed top and bottom line estimates for its latest quarter. Clorox’s sales fell from a year ago, when consumers stocked up on its products amid the surging pandemic.</p>\n<p><b>4)&nbsp;Eli Lilly(LLY) </b>– The drugmaker’s shares lost 1.7% in premarket trading, after falling 2 cents a share shy of estimates, with quarterly earnings of $1.87 per share. Revenue beat forecasts, but Lilly’s overall results were impacted by weaker sales of Covid-19 therapies as more Americans got vaccinated.</p>\n<p><b>5)&nbsp;<a href=\"https://laohu8.com/S/MAR\">Marriott</a>(MAR)</b> – The hotel operator’s stock gained 1.8% in premarket trading after it reported quarterly earnings of 79 cents per share, compared to a 45 cents a share consensus estimate. Revenue more than doubled from a year ago thanks to a rebound in travel demand, though it did fall slightly short of Wall Street forecasts.</p>\n<p><b>6)&nbsp;<a href=\"https://laohu8.com/S/TTWO\">Take-Two</a> Interactive(TTWO)</b> – Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a> lost 4.3% premarket trading after issuing a weaker-than-expected outlook and announcing delays in new releases for some of its games. The video game producer beat estimates by 12 cents a share, with quarterly profit of $1.01 per share. Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a>’s revenue also topped Wall Street forecasts.</p>\n<p><b>7)&nbsp;BP(BP)</b> – BP surged 6.3% in premarket trading after it reported better-than-expected quarterly profit and revenue, thanks to higher oil and gas prices. The energy producer also announced a 4% dividend hike and a boost to its share buyback program.</p>\n<p><b>8)&nbsp;Stellantis(STLA) </b>– Stellantis raised its full-year profit margin outlook after the automaker reported strong first-half financial results, boosted by record margins in North America. The upbeat results came despite the impact of the global chip shortage which cut production by 700,000 vehicles. The stock rallied 5.3% in the premarket.</p>\n<p><b>9)&nbsp;<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>(MU)</b> – Micron instituted its first-ever dividend, with the chip maker planning to pay 10 cents per share in cash payable on October 18. Micron also said it had updated its share buyback policy to buy more when prices are low and fewer when prices are high. Micron shares gained 1.9% in the premarket.</p>\n<p><b>10)&nbsp;<a href=\"https://laohu8.com/S/SPG\">Simon Property</a> Group(SPG)</b> – Simon Property shares rose 2.8% in premarket trading after it said sales at its shopping centers returned to pre-pandemic levels in June. The largest U.S. mall owner is hoping the improved results encourage retailers to sign new leases and help it fill space vacated during the pandemic.</p>\n<p><b>11)&nbsp;<a href=\"https://laohu8.com/S/SEDG\">SolarEdge</a> Technologies(SEDG) </b>– SolarEdge reported better-than-expected earnings and revenue for its latest quarter, with the solar energy company also providing an upbeat current-quarter forecast. SolarEdge surged 11.4% in the premarket.</p>\n<p><b>12)&nbsp;Reynolds Consumer Products(REYN)</b> – Reynolds beat estimates by a penny a share, with quarterly earnings of 39 cents per share. Revenue fell short of Street forecasts, however. The maker of products like Hefty garbage bags and Reynolds Wrap said it was pleased with the results in the face of higher input costs supply chain issues. Reynolds lost 3.6% in premarket action.</p>\n<p><b>In rates,</b> treasuries drifted lower over early European session, tracking losses in bunds and gilts. The 10-year U.S. Treasury&nbsp;yield&nbsp;edged around 2bps higher after falling as low as 1.15%; the move steepened 2s10s, 5s30s by 1bp each. Higher S&amp;P futures also added pressure on rising yields, following gains across European stocks amid positive earnings results. Germany’s 10-year yield fell to its lowest since early February at -0.486%. It was last up less than a basis point at -0.47%. Its 30-year yield, which turned negative and sent the whole German yield curve into negative territory on Monday, was hovering around 0%.</p>\n<p>“There is some definite downside bias in the dollar now,” said Vasileios Gkionakis, Global Head of FX Strategy at fund manager Lombard Odier in Switzerland. “You are starting to a see a rotation of growth away from the U.S.”</p>\n<p>According to strategists the months-long advance in Treasuries which saw 10Y real yields drop to fresh record lows on Monday, points to worries that a weaker period lies ahead for the economic reopening from the health crisis, though second-quarter corporate earnings have been robust for the most part. Traders are awaiting key U.S. jobs data this week to gauge the recovery and monitoring the impact of price pressures sparked by pandemic-related disruption and bottlenecks.</p>\n<p>“I don’t think the market is concerned about delta as much as it’s concerned about how it impacts inflation,”&nbsp;Shana Sissel, Spotlight Asset Group chief investment officer, said on Bloomberg Television, referring to the coronavirus variant. “The longer we have delta spread globally, the longer the supply chain disruptions will continue.”</p>\n<p>Meanwhile, on the policy front, the tapering debate continues. Federal Reserve Governor Christopher Waller&nbsp;said&nbsp;he could back a tapering announcement by September, if the next two monthly U.S. employment reports show continued gains.</p>\n<p><b>In FX, </b>the Norwegian krone and <a href=\"https://laohu8.com/S/NGD\">New</a> Zealand’s dollar led an advance against the greenback; the Canadian dollar retreated, underperforming its peers. The euro eked out an advance to a session high of 1.1885 per dollar; the pound climbed back above $1.39 and gilts halted a three-day gain as caution reigns ahead of Bank of England’s meeting on Thursday.<b>The Australian dollar jumped after the nation’s central bank said it will stick to its tapering plan, arguing that the economy will rebound from the latest virus outbreak.</b>Traders rushed to close short positions on the Aussie after the Reserve Bank of Australia decision on Tuesday, according to Asia-based FX traders. Existing AUD/NZD flows after the RBA decision propelled New Zealand’s dollar to a new session high.</p>\n<p>Australia’s currency advanced after its central bank kept a&nbsp;plan&nbsp;to taper bond purchases despite a protracted lockdown in Sydney.</p>\n<p><b>In commodities, </b>crude oil&nbsp;reversed&nbsp;earlier losses as sentiment improved in broader markets even though the spread of the delta coronavirus variant, including in the key market of China, continues to pose a risk to demand. Brent crude was up 33 cents in London at $73.28 per barrel. U.S. crude inched up to $71.56 a barrel while gold and industrial metal copper were both slightly lower at $1,810.45 per ounce and 9,594.50 a tonne respectively.</p>\n<p>Looking at the day ahead, this morning the only data due out is the June PPI print for the Euro area. This afternoon in the US June factory orders and final June revisions for durable and capital goods orders are expected as well as July vehicle sales data. Away from that the Fed’s Bowman is due to speak this evening while it’s another busy day for earnings with the likes of BP, <a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a>, BMW and <a href=\"https://laohu8.com/S/AMGN\">Amgen</a> amongst those reporting.</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>Toplines Before US Market Open on Tuesday</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\">\nToplines Before US Market Open on Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-03 19:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Futures up: Dow 0.46%, S&amp;P 0.37%, <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> 0.16%.</li>\n <li>Chinese gaming stocks listed in the U.S. slump in premarket trading.</li>\n <li><a href=\"https://laohu8.com/S/UA.C\">Under Armour</a>, Translate Bio, <a href=\"https://laohu8.com/S/CLX\">Clorox</a> and more&nbsp;made&nbsp;the biggest moves in the premarket.</li>\n <li>Crude oil reversed earlier losses as sentiment improved in broader markets.</li>\n</ul>\n<p>(August 3)&nbsp;U.S. stock index futures rose on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.</p>\n<p>At 08:02 a.m. ET, Dow E-minis were up 159 points, or 0.46%, S&amp;P 500 E-minis were up 16&nbsp;points, or 0.37% and Nasdaq 100 E-minis rose 24.5 points, or 0.16%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/041b88ace41d9b6a718971a4da2e78b4\" tg-width=\"1242\" tg-height=\"484\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:02</span></p>\n<p>The big story overnight was <a href=\"https://laohu8.com/S/CAAS\">China</a>'s latest crackdown in which the XInhua-affiliated Economic <a href=\"https://laohu8.com/S/III\">Information</a> Daily cited Tencent's \"Honor of Kings\" in an article in which it said minors were addicted to online games and called for more curbs on the industry. The broadside re-ignited investor fears about state intervention in China after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth.&nbsp; \"They don’t believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,” Ether Yin, partner at Trivium, a Beijing-based consultancy.</p>\n<p>Not surprisingly, Chinese gaming stocks listed in the U.S. slump in premarket trading; among the biggest gaming-related stocks falling this morning, <a href=\"https://laohu8.com/S/NTES\">NetEase</a> sinks 8.8%, Bilibili falls 6.67%, Huya declines 4.79% and <a href=\"https://laohu8.com/S/DOYU\">DouYu</a> International slides 5.12% as of 8:11am in <a href=\"https://laohu8.com/S/NWY\">New York</a>, Other large-cap Chinese stocks are also lower in U.S. premarket trading: <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> -0.94%, Pinduoduo -1.2%, Baidu -0.37%, Didi -1.25%.</p>\n<p><img src=\"https://static.tigerbbs.com/7d28ab254bf7e852d939886a935a67a2\" tg-width=\"373\" tg-height=\"642\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket: <a href=\"https://laohu8.com/S/UA\">Under Armour</a>, Translate Bio, Clorox and more</b></p>\n<p><b>1)&nbsp;Under Armour(UAA)</b> – Under Armour shares jumped 4.5% in the premarket, after the athletic apparel maker beat estimates on the top and bottom lines and the company raised its full-year forecast. Under Armour reported quarterly earnings of 24 cents per share, compared to a consensus estimate of 6 cents a share.</p>\n<p><b>2)&nbsp;Translate Bio(TBIO)</b> – French drugmakerSanofi(SNY) agreed to buy the U.S.-based biotech company for $3.2 billion, or $38 per share in cash. Translate Bio specializes in mRNA technology, the type that was used to produce thePfizerandModernaCovid-19 vaccines. Translate Bio shares soared 29.6% in premarket trading.</p>\n<p><b>3)&nbsp;Clorox(CLX) </b>– Clorox tumbled 8.6% in premarket action after the household products maker missed top and bottom line estimates for its latest quarter. Clorox’s sales fell from a year ago, when consumers stocked up on its products amid the surging pandemic.</p>\n<p><b>4)&nbsp;Eli Lilly(LLY) </b>– The drugmaker’s shares lost 1.7% in premarket trading, after falling 2 cents a share shy of estimates, with quarterly earnings of $1.87 per share. Revenue beat forecasts, but Lilly’s overall results were impacted by weaker sales of Covid-19 therapies as more Americans got vaccinated.</p>\n<p><b>5)&nbsp;<a href=\"https://laohu8.com/S/MAR\">Marriott</a>(MAR)</b> – The hotel operator’s stock gained 1.8% in premarket trading after it reported quarterly earnings of 79 cents per share, compared to a 45 cents a share consensus estimate. Revenue more than doubled from a year ago thanks to a rebound in travel demand, though it did fall slightly short of Wall Street forecasts.</p>\n<p><b>6)&nbsp;<a href=\"https://laohu8.com/S/TTWO\">Take-Two</a> Interactive(TTWO)</b> – Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a> lost 4.3% premarket trading after issuing a weaker-than-expected outlook and announcing delays in new releases for some of its games. The video game producer beat estimates by 12 cents a share, with quarterly profit of $1.01 per share. Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a>’s revenue also topped Wall Street forecasts.</p>\n<p><b>7)&nbsp;BP(BP)</b> – BP surged 6.3% in premarket trading after it reported better-than-expected quarterly profit and revenue, thanks to higher oil and gas prices. The energy producer also announced a 4% dividend hike and a boost to its share buyback program.</p>\n<p><b>8)&nbsp;Stellantis(STLA) </b>– Stellantis raised its full-year profit margin outlook after the automaker reported strong first-half financial results, boosted by record margins in North America. The upbeat results came despite the impact of the global chip shortage which cut production by 700,000 vehicles. The stock rallied 5.3% in the premarket.</p>\n<p><b>9)&nbsp;<a href=\"https://laohu8.com/S/MU\">Micron Technology</a>(MU)</b> – Micron instituted its first-ever dividend, with the chip maker planning to pay 10 cents per share in cash payable on October 18. Micron also said it had updated its share buyback policy to buy more when prices are low and fewer when prices are high. Micron shares gained 1.9% in the premarket.</p>\n<p><b>10)&nbsp;<a href=\"https://laohu8.com/S/SPG\">Simon Property</a> Group(SPG)</b> – Simon Property shares rose 2.8% in premarket trading after it said sales at its shopping centers returned to pre-pandemic levels in June. The largest U.S. mall owner is hoping the improved results encourage retailers to sign new leases and help it fill space vacated during the pandemic.</p>\n<p><b>11)&nbsp;<a href=\"https://laohu8.com/S/SEDG\">SolarEdge</a> Technologies(SEDG) </b>– SolarEdge reported better-than-expected earnings and revenue for its latest quarter, with the solar energy company also providing an upbeat current-quarter forecast. SolarEdge surged 11.4% in the premarket.</p>\n<p><b>12)&nbsp;Reynolds Consumer Products(REYN)</b> – Reynolds beat estimates by a penny a share, with quarterly earnings of 39 cents per share. Revenue fell short of Street forecasts, however. The maker of products like Hefty garbage bags and Reynolds Wrap said it was pleased with the results in the face of higher input costs supply chain issues. Reynolds lost 3.6% in premarket action.</p>\n<p><b>In rates,</b> treasuries drifted lower over early European session, tracking losses in bunds and gilts. The 10-year U.S. Treasury&nbsp;yield&nbsp;edged around 2bps higher after falling as low as 1.15%; the move steepened 2s10s, 5s30s by 1bp each. Higher S&amp;P futures also added pressure on rising yields, following gains across European stocks amid positive earnings results. Germany’s 10-year yield fell to its lowest since early February at -0.486%. It was last up less than a basis point at -0.47%. Its 30-year yield, which turned negative and sent the whole German yield curve into negative territory on Monday, was hovering around 0%.</p>\n<p>“There is some definite downside bias in the dollar now,” said Vasileios Gkionakis, Global Head of FX Strategy at fund manager Lombard Odier in Switzerland. “You are starting to a see a rotation of growth away from the U.S.”</p>\n<p>According to strategists the months-long advance in Treasuries which saw 10Y real yields drop to fresh record lows on Monday, points to worries that a weaker period lies ahead for the economic reopening from the health crisis, though second-quarter corporate earnings have been robust for the most part. Traders are awaiting key U.S. jobs data this week to gauge the recovery and monitoring the impact of price pressures sparked by pandemic-related disruption and bottlenecks.</p>\n<p>“I don’t think the market is concerned about delta as much as it’s concerned about how it impacts inflation,”&nbsp;Shana Sissel, Spotlight Asset Group chief investment officer, said on Bloomberg Television, referring to the coronavirus variant. “The longer we have delta spread globally, the longer the supply chain disruptions will continue.”</p>\n<p>Meanwhile, on the policy front, the tapering debate continues. Federal Reserve Governor Christopher Waller&nbsp;said&nbsp;he could back a tapering announcement by September, if the next two monthly U.S. employment reports show continued gains.</p>\n<p><b>In FX, </b>the Norwegian krone and <a href=\"https://laohu8.com/S/NGD\">New</a> Zealand’s dollar led an advance against the greenback; the Canadian dollar retreated, underperforming its peers. The euro eked out an advance to a session high of 1.1885 per dollar; the pound climbed back above $1.39 and gilts halted a three-day gain as caution reigns ahead of Bank of England’s meeting on Thursday.<b>The Australian dollar jumped after the nation’s central bank said it will stick to its tapering plan, arguing that the economy will rebound from the latest virus outbreak.</b>Traders rushed to close short positions on the Aussie after the Reserve Bank of Australia decision on Tuesday, according to Asia-based FX traders. Existing AUD/NZD flows after the RBA decision propelled New Zealand’s dollar to a new session high.</p>\n<p>Australia’s currency advanced after its central bank kept a&nbsp;plan&nbsp;to taper bond purchases despite a protracted lockdown in Sydney.</p>\n<p><b>In commodities, </b>crude oil&nbsp;reversed&nbsp;earlier losses as sentiment improved in broader markets even though the spread of the delta coronavirus variant, including in the key market of China, continues to pose a risk to demand. Brent crude was up 33 cents in London at $73.28 per barrel. U.S. crude inched up to $71.56 a barrel while gold and industrial metal copper were both slightly lower at $1,810.45 per ounce and 9,594.50 a tonne respectively.</p>\n<p>Looking at the day ahead, this morning the only data due out is the June PPI print for the Euro area. This afternoon in the US June factory orders and final June revisions for durable and capital goods orders are expected as well as July vehicle sales data. Away from that the Fed’s Bowman is due to speak this evening while it’s another busy day for earnings with the likes of BP, <a href=\"https://laohu8.com/S/COP\">ConocoPhillips</a>, BMW and <a href=\"https://laohu8.com/S/AMGN\">Amgen</a> amongst those reporting.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/318dced6c8505427ba4c5a73eb4a7981","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126095878","content_text":"Futures up: Dow 0.46%, S&P 0.37%, Nasdaq 0.16%.\nChinese gaming stocks listed in the U.S. slump in premarket trading.\nUnder Armour, Translate Bio, Clorox and more made the biggest moves in the premarket.\nCrude oil reversed earlier losses as sentiment improved in broader markets.\n\n(August 3) U.S. stock index futures rose on Tuesday, as an upbeat corporate earnings season and a pickup in global deals activity lifted demand for risky equities, although gains were capped by concerns around a surge in the Delta variant of the coronavirus.\nAt 08:02 a.m. ET, Dow E-minis were up 159 points, or 0.46%, S&P 500 E-minis were up 16 points, or 0.37% and Nasdaq 100 E-minis rose 24.5 points, or 0.16%.\n*Source From Tiger Trade, EST 08:02\nThe big story overnight was China's latest crackdown in which the XInhua-affiliated Economic Information Daily cited Tencent's \"Honor of Kings\" in an article in which it said minors were addicted to online games and called for more curbs on the industry. The broadside re-ignited investor fears about state intervention in China after Beijing had already targeted the property, education and technology sectors to curb cost pressures and reassert the primacy of socialism after years of runaway market growth.  \"They don’t believe anything is off limit and will react, sometimes overreact, to anything on state media that fits the tech crackdown narrative,” Ether Yin, partner at Trivium, a Beijing-based consultancy.\nNot surprisingly, Chinese gaming stocks listed in the U.S. slump in premarket trading; among the biggest gaming-related stocks falling this morning, NetEase sinks 8.8%, Bilibili falls 6.67%, Huya declines 4.79% and DouYu International slides 5.12% as of 8:11am in New York, Other large-cap Chinese stocks are also lower in U.S. premarket trading: Alibaba -0.94%, Pinduoduo -1.2%, Baidu -0.37%, Didi -1.25%.\n\nStocks making the biggest moves in the premarket: Under Armour, Translate Bio, Clorox and more\n1) Under Armour(UAA) – Under Armour shares jumped 4.5% in the premarket, after the athletic apparel maker beat estimates on the top and bottom lines and the company raised its full-year forecast. Under Armour reported quarterly earnings of 24 cents per share, compared to a consensus estimate of 6 cents a share.\n2) Translate Bio(TBIO) – French drugmakerSanofi(SNY) agreed to buy the U.S.-based biotech company for $3.2 billion, or $38 per share in cash. Translate Bio specializes in mRNA technology, the type that was used to produce thePfizerandModernaCovid-19 vaccines. Translate Bio shares soared 29.6% in premarket trading.\n3) Clorox(CLX) – Clorox tumbled 8.6% in premarket action after the household products maker missed top and bottom line estimates for its latest quarter. Clorox’s sales fell from a year ago, when consumers stocked up on its products amid the surging pandemic.\n4) Eli Lilly(LLY) – The drugmaker’s shares lost 1.7% in premarket trading, after falling 2 cents a share shy of estimates, with quarterly earnings of $1.87 per share. Revenue beat forecasts, but Lilly’s overall results were impacted by weaker sales of Covid-19 therapies as more Americans got vaccinated.\n5) Marriott(MAR) – The hotel operator’s stock gained 1.8% in premarket trading after it reported quarterly earnings of 79 cents per share, compared to a 45 cents a share consensus estimate. Revenue more than doubled from a year ago thanks to a rebound in travel demand, though it did fall slightly short of Wall Street forecasts.\n6) Take-Two Interactive(TTWO) – Take-Two lost 4.3% premarket trading after issuing a weaker-than-expected outlook and announcing delays in new releases for some of its games. The video game producer beat estimates by 12 cents a share, with quarterly profit of $1.01 per share. Take-Two’s revenue also topped Wall Street forecasts.\n7) BP(BP) – BP surged 6.3% in premarket trading after it reported better-than-expected quarterly profit and revenue, thanks to higher oil and gas prices. The energy producer also announced a 4% dividend hike and a boost to its share buyback program.\n8) Stellantis(STLA) – Stellantis raised its full-year profit margin outlook after the automaker reported strong first-half financial results, boosted by record margins in North America. The upbeat results came despite the impact of the global chip shortage which cut production by 700,000 vehicles. The stock rallied 5.3% in the premarket.\n9) Micron Technology(MU) – Micron instituted its first-ever dividend, with the chip maker planning to pay 10 cents per share in cash payable on October 18. Micron also said it had updated its share buyback policy to buy more when prices are low and fewer when prices are high. Micron shares gained 1.9% in the premarket.\n10) Simon Property Group(SPG) – Simon Property shares rose 2.8% in premarket trading after it said sales at its shopping centers returned to pre-pandemic levels in June. The largest U.S. mall owner is hoping the improved results encourage retailers to sign new leases and help it fill space vacated during the pandemic.\n11) SolarEdge Technologies(SEDG) – SolarEdge reported better-than-expected earnings and revenue for its latest quarter, with the solar energy company also providing an upbeat current-quarter forecast. SolarEdge surged 11.4% in the premarket.\n12) Reynolds Consumer Products(REYN) – Reynolds beat estimates by a penny a share, with quarterly earnings of 39 cents per share. Revenue fell short of Street forecasts, however. The maker of products like Hefty garbage bags and Reynolds Wrap said it was pleased with the results in the face of higher input costs supply chain issues. Reynolds lost 3.6% in premarket action.\nIn rates, treasuries drifted lower over early European session, tracking losses in bunds and gilts. The 10-year U.S. Treasury yield edged around 2bps higher after falling as low as 1.15%; the move steepened 2s10s, 5s30s by 1bp each. Higher S&P futures also added pressure on rising yields, following gains across European stocks amid positive earnings results. Germany’s 10-year yield fell to its lowest since early February at -0.486%. It was last up less than a basis point at -0.47%. Its 30-year yield, which turned negative and sent the whole German yield curve into negative territory on Monday, was hovering around 0%.\n“There is some definite downside bias in the dollar now,” said Vasileios Gkionakis, Global Head of FX Strategy at fund manager Lombard Odier in Switzerland. “You are starting to a see a rotation of growth away from the U.S.”\nAccording to strategists the months-long advance in Treasuries which saw 10Y real yields drop to fresh record lows on Monday, points to worries that a weaker period lies ahead for the economic reopening from the health crisis, though second-quarter corporate earnings have been robust for the most part. Traders are awaiting key U.S. jobs data this week to gauge the recovery and monitoring the impact of price pressures sparked by pandemic-related disruption and bottlenecks.\n“I don’t think the market is concerned about delta as much as it’s concerned about how it impacts inflation,” Shana Sissel, Spotlight Asset Group chief investment officer, said on Bloomberg Television, referring to the coronavirus variant. “The longer we have delta spread globally, the longer the supply chain disruptions will continue.”\nMeanwhile, on the policy front, the tapering debate continues. Federal Reserve Governor Christopher Waller said he could back a tapering announcement by September, if the next two monthly U.S. employment reports show continued gains.\nIn FX, the Norwegian krone and New Zealand’s dollar led an advance against the greenback; the Canadian dollar retreated, underperforming its peers. The euro eked out an advance to a session high of 1.1885 per dollar; the pound climbed back above $1.39 and gilts halted a three-day gain as caution reigns ahead of Bank of England’s meeting on Thursday.The Australian dollar jumped after the nation’s central bank said it will stick to its tapering plan, arguing that the economy will rebound from the latest virus outbreak.Traders rushed to close short positions on the Aussie after the Reserve Bank of Australia decision on Tuesday, according to Asia-based FX traders. Existing AUD/NZD flows after the RBA decision propelled New Zealand’s dollar to a new session high.\nAustralia’s currency advanced after its central bank kept a plan to taper bond purchases despite a protracted lockdown in Sydney.\nIn commodities, crude oil reversed earlier losses as sentiment improved in broader markets even though the spread of the delta coronavirus variant, including in the key market of China, continues to pose a risk to demand. Brent crude was up 33 cents in London at $73.28 per barrel. U.S. crude inched up to $71.56 a barrel while gold and industrial metal copper were both slightly lower at $1,810.45 per ounce and 9,594.50 a tonne respectively.\nLooking at the day ahead, this morning the only data due out is the June PPI print for the Euro area. This afternoon in the US June factory orders and final June revisions for durable and capital goods orders are expected as well as July vehicle sales data. Away from that the Fed’s Bowman is due to speak this evening while it’s another busy day for earnings with the likes of BP, ConocoPhillips, BMW and Amgen amongst those reporting.","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":2222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802877689,"gmtCreate":1627772726541,"gmtModify":1703495538898,"author":{"id":"3584845999735761","authorId":"3584845999735761","name":"cfong","avatar":"https://static.tigerbbs.com/62a0345fe3ceeb208ce73012d67c7c15","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3584845999735761","idStr":"3584845999735761"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802877689","repostId":"2155001152","repostType":4,"isVote":1,"tweetType":1,"viewCount":1782,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}