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Bbex
Bbex
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2021-09-20
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Bbex
Bbex
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2021-09-17
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S&P ends modestly lower as rising Treasury yields offset robust retail data
NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading afte
S&P ends modestly lower as rising Treasury yields offset robust retail data
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Bbex
Bbex
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2021-09-16
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EV maker Lucid shares jumped 4% in morning trading
EV maker Lucid shares jumped 4% in morning trading as its luxury sedan got 520-mile driving range ra
EV maker Lucid shares jumped 4% in morning trading
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Bbex
Bbex
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2021-09-15
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U.S. stocks close lower on worries over recovery, corporate tax hikes
NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing
U.S. stocks close lower on worries over recovery, corporate tax hikes
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Bbex
Bbex
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2021-09-14
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Bbex
Bbex
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2021-09-13
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Bbex
Bbex
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2021-09-12
[Surprised] [Surprised] [Surprised] [Surprised]
US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week
After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i
US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week
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Bbex
Bbex
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2021-09-11
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Bbex
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2021-09-08
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Is SoFi Stock A Buy Or Sell After Its Recent Dip?
Summary SoFi has traded down by about 35% since it completed its reverse SPAC merger IPO in early J
Is SoFi Stock A Buy Or Sell After Its Recent Dip?
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Bbex
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2021-09-06
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Is the U.S. stock market open on Labor Day?
It is unofficially summer’s last hurrah for Wall Street investors. U.S. financial markets will be cl
Is the U.S. stock market open on Labor Day?
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The S&P 500 ended slightly down on Thursday, paring losses in late trading afte","content":"<p>NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.</p>\n<p>The three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.</p>\n<p>Amazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.</p>\n<p>“Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.</p>\n<p>“It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.</p>\n<p>Economically sensitive transports and microchips were among the outperformers.</p>\n<p>Data released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.</p>\n<p>“Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.</p>\n<p>The Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.</p>\n<p>Eight of the 11 major sectors in the S&P 500 ended lower, with materials suffering the largest percentage drop.</p>\n<p>The consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.</p>\n<p>Apparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.</p>\n<p>Ford Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.</p>\n<p>The S&P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.</p>\n<p>Volume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.</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>S&P ends modestly lower as rising Treasury yields offset robust retail data</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\">\nS&P ends modestly lower as rising Treasury yields offset robust retail data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 07:10 GMT+8 <a href=https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.\nThe ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-ends-modestly-lower-as-rising-treasury-yields-offset-robust-retail-data-idUSL1N2QI2MB","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105376345","content_text":"NEW YORK (Reuters) - The S&P 500 ended slightly down on Thursday, paring losses in late trading after unexpectedly strong retail sales data underscored the strength of the U.S. economic recovery.\nThe three major indexes spent much of the day in negative territory as rising U.S. Treasury yields pressured market-leading tech stocks, and the rising dollar weighed on exporters.\nAmazon.com Inc, buoyed by solid online sales in the Commerce Department’s report, helped push the Nasdaq into positive territory.\n“Looking at today, clearly we had positive news from retail sales and it looks as if the massive slowdown in the economy is not materializing as a lot of people expected,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.\n“It’s a nice reminder that the economy is still taking two steps forward for each step back even amid the COVID concerns,” Detrick added.\nEconomically sensitive transports and microchips were among the outperformers.\nData released before the opening bell showed an unexpected bump in retail sales as shoppers weathered Hurricane Ida and the COVID Delta variant, evidence of resilience in the consumer, who contributes about 70% to U.S. economic growth.\n“Once again, it shows the U.S. consumer continues to spend and continues to help this economy grow,” Detrick said.\nThe Dow Jones Industrial Average fell 63.07 points, or 0.18%, to 34,751.32; the S&P 500 lost 6.95 points, or 0.16%, at 4,473.75; and the Nasdaq Composite added 20.40 points, or 0.13%, at 15,181.92.\nEight of the 11 major sectors in the S&P 500 ended lower, with materials suffering the largest percentage drop.\nThe consumer discretionary spending sector posted the biggest gain, with Amazon.com doing the heavy lifting.\nApparel company Gap Inc gained 1.6%. Online marketplace Etsy Inc and luxury accessory company Tapestry Inc rose 3.1% and 1.9%, respectively.\nFord Motor Co rose 1.4% after it announced plans to boost production of its F-150 electric pickup model.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.27-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored advancers.\nThe S&P 500 posted nine new 52-week highs and one new low; the Nasdaq Composite recorded 82 new highs and 94 new lows.\nVolume on U.S. exchanges was 9.37 billion shares, compared with the 9.44 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885270721,"gmtCreate":1631800358363,"gmtModify":1676530639384,"author":{"id":"3585495612404250","authorId":"3585495612404250","name":"Bbex","avatar":"https://static.tigerbbs.com/1b9742a298df2a05cd66c61894a464d3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585495612404250","authorIdStr":"3585495612404250"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/885270721","repostId":"1138448757","repostType":4,"repost":{"id":"1138448757","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":1631800047,"share":"https://ttm.financial/m/news/1138448757?lang=&edition=fundamental","pubTime":"2021-09-16 21:47","market":"us","language":"en","title":"EV maker Lucid shares jumped 4% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1138448757","media":"Tiger Newspress","summary":"EV maker Lucid shares jumped 4% in morning trading as its luxury sedan got 520-mile driving range ra","content":"<p>EV maker Lucid shares jumped 4% in morning trading as its luxury sedan got 520-mile driving range rating.In addition,Bank of America predicts 50% gain in Lucid, compares EV maker to Tesla and Ferrari.</p>\n<p><img src=\"https://static.tigerbbs.com/8a80aaa3b21846d26be18701216b5131\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Lucid Group Inc's Air Dream Edition Range luxury sedan has received U.S. government certification for a range of 520 miles, the electric vehicle maker said on Thursday.</p>\n<p>The sedan was the longest-range EV rated by the U.S. Environmental Protection Agency (EPA), the company said. Rival Tesla's Model S Long Range has an EPA estimated range of 405 miles.</p>\n<p>EV manufacturers are pushing to extend the driving range of their vehicles in a bid to better compete with gasoline-fueled ones. However, as consumers rapidly transition to EVs, charging infrastructure still remains a concern.</p>\n<p>The Biden administration's infrastructure bill includes $7.5 billion for electric vehicle charging stations.</p>\n<p>Lucid made its debut on the Nasdaq in July after completing its merger with a blank-check company backed by Wall Street dealmaker Michael Klein in a deal that valued the combined company at $24 billion.</p>\n<p>The EV maker in August said it would begin deliveries of fully reserved 'Air Dream Edition Range' cars later this year.</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>EV maker Lucid shares jumped 4% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV maker Lucid shares jumped 4% in morning trading\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\">2021-09-16 21:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>EV maker Lucid shares jumped 4% in morning trading as its luxury sedan got 520-mile driving range rating.In addition,Bank of America predicts 50% gain in Lucid, compares EV maker to Tesla and Ferrari.</p>\n<p><img src=\"https://static.tigerbbs.com/8a80aaa3b21846d26be18701216b5131\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>Lucid Group Inc's Air Dream Edition Range luxury sedan has received U.S. government certification for a range of 520 miles, the electric vehicle maker said on Thursday.</p>\n<p>The sedan was the longest-range EV rated by the U.S. Environmental Protection Agency (EPA), the company said. Rival Tesla's Model S Long Range has an EPA estimated range of 405 miles.</p>\n<p>EV manufacturers are pushing to extend the driving range of their vehicles in a bid to better compete with gasoline-fueled ones. However, as consumers rapidly transition to EVs, charging infrastructure still remains a concern.</p>\n<p>The Biden administration's infrastructure bill includes $7.5 billion for electric vehicle charging stations.</p>\n<p>Lucid made its debut on the Nasdaq in July after completing its merger with a blank-check company backed by Wall Street dealmaker Michael Klein in a deal that valued the combined company at $24 billion.</p>\n<p>The EV maker in August said it would begin deliveries of fully reserved 'Air Dream Edition Range' cars later this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138448757","content_text":"EV maker Lucid shares jumped 4% in morning trading as its luxury sedan got 520-mile driving range rating.In addition,Bank of America predicts 50% gain in Lucid, compares EV maker to Tesla and Ferrari.\n\nLucid Group Inc's Air Dream Edition Range luxury sedan has received U.S. government certification for a range of 520 miles, the electric vehicle maker said on Thursday.\nThe sedan was the longest-range EV rated by the U.S. Environmental Protection Agency (EPA), the company said. Rival Tesla's Model S Long Range has an EPA estimated range of 405 miles.\nEV manufacturers are pushing to extend the driving range of their vehicles in a bid to better compete with gasoline-fueled ones. However, as consumers rapidly transition to EVs, charging infrastructure still remains a concern.\nThe Biden administration's infrastructure bill includes $7.5 billion for electric vehicle charging stations.\nLucid made its debut on the Nasdaq in July after completing its merger with a blank-check company backed by Wall Street dealmaker Michael Klein in a deal that valued the combined company at $24 billion.\nThe EV maker in August said it would begin deliveries of fully reserved 'Air Dream Edition Range' cars later this year.","news_type":1,"symbols_score_info":{"LCID":0.9}},"isVote":1,"tweetType":1,"viewCount":2546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882291708,"gmtCreate":1631693616604,"gmtModify":1676530610493,"author":{"id":"3585495612404250","authorId":"3585495612404250","name":"Bbex","avatar":"https://static.tigerbbs.com/1b9742a298df2a05cd66c61894a464d3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585495612404250","authorIdStr":"3585495612404250"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/882291708","repostId":"1148341685","repostType":4,"repost":{"id":"1148341685","kind":"news","pubTimestamp":1631660884,"share":"https://ttm.financial/m/news/1148341685?lang=&edition=fundamental","pubTime":"2021-09-15 07:08","market":"us","language":"en","title":"U.S. stocks close lower on worries over recovery, corporate tax hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1148341685","media":"Reuters","summary":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing","content":"<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.</p>\n<p>Optimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.</p>\n<p>So far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.</p>\n<p>“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”</p>\n<p>The advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.</p>\n<p>“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”</p>\n<p>The CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.</p>\n<p>U.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]</p>\n<p>The long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.</p>\n<p>The Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.</p>\n<p>All 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.</p>\n<p>Apple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.</p>\n<p>Intuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.</p>\n<p>CureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.</p>\n<p>The S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.</p>\n<p>Volume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.</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>U.S. stocks close lower on worries over recovery, corporate tax hikes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks close lower on worries over recovery, corporate tax hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-15 07:08 GMT+8 <a href=https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/u-s-stocks-close-lower-on-worries-over-recovery-corporate-tax-hikes-idUSKBN2GA0W9","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148341685","content_text":"NEW YORK (Reuters) - Wall Street lost ground on Tuesday as economic uncertainties and the increasing likelihood of a corporate tax rate hike dampened investor sentiment and prompted a broad sell-off despite signs of easing inflation.\nOptimism faded throughout the session, reversing an initial rally following the Labor Department’s consumer price index report. All three major U.S. stock indexes ended in negative territory in a reminder that September is a historically rough month for stocks.\nSo far this month the S&P 500 is down nearly 1.8% even as the benchmark index has gained over 18% since the beginning of the year.\n“There is a possibility that the market is simply ready to go through an overdue correction,” said Sam Stovall, chief investment strategist at CFRA Research in New York. “From a seasonality perspective, September tends to be the window dressing period for fund managers.”\nThe advent of the highly contagious Delta COVID variant has driven an increase in bearish sentiment regarding the recovery from the global health crisis, and many now expect a substantial correction in stock markets by the end of the year.\n“We’re still in a corrective mode that people have been calling for months,” said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago. “Economic data points have been missing estimates, and that has coincided with the rise in the Delta variant.”\nThe CPI report delivered a lower-than-consensus August reading, a deceleration that supports Federal Reserve Chairman Jerome Powell’s assertion that spiking inflation is transitory and calms market fears that the central bank will begin tightening monetary policy sooner than expected.\nU.S. Treasury yields dropped on the data, which pressured financial stocks, and investor favor pivoted back to growth at the expense of value. [US/]\nThe long expected corporate tax hikes, to 26.5% from 21% if Democrats prevail, are coming nearer to fruition with U.S. President Joe Biden’s $3.5 trillion budget package inching closer to passage.\nThe Dow Jones Industrial Average fell 292.06 points, or 0.84%, to 34,577.57; the S&P 500 lost 25.68 points, or 0.57%, at 4,443.05; and the Nasdaq Composite dropped 67.82 points, or 0.45%, to 15,037.76.\nAll 11 major sectors in the S&P 500 ended the session red, with energy and financials suffering the largest percentage drops.\nApple Inc unveiled its iPhone 13 and added new features to its iPad and Apple Watch gadgets in its biggest product launch event of the year as the company faces increased scrutiny in the courts over its business practices. Its shares closed down 1.0% and were the heaviest drag on the S&P 500 and the Nasdaq.\nIntuit Inc gained 1.9% following the TurboTax maker’s announcement that it would acquire digital marketing company Mailchimp for $12 billion.\nCureVac slid 8.0% after the German biotechnology company canceled manufacturing deals for its experimental COVID-19 vaccine.\nDeclining issues outnumbered advancing ones on the NYSE by a 2.25-to-1 ratio; on Nasdaq, a 2.40-to-1 ratio favored decliners.\nThe S&P 500 posted two new 52-week highs and two new lows; the Nasdaq Composite recorded 50 new highs and 107 new lows.\nVolume on U.S. exchanges was 10.07 billion shares, compared with the 9.38 billion average over the last 20 trading days.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882031370,"gmtCreate":1631629942590,"gmtModify":1676530595119,"author":{"id":"3585495612404250","authorId":"3585495612404250","name":"Bbex","avatar":"https://static.tigerbbs.com/1b9742a298df2a05cd66c61894a464d3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585495612404250","authorIdStr":"3585495612404250"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/882031370","repostId":"2167929558","repostType":4,"isVote":1,"tweetType":1,"viewCount":3155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888251225,"gmtCreate":1631501379667,"gmtModify":1676530559231,"author":{"id":"3585495612404250","authorId":"3585495612404250","name":"Bbex","avatar":"https://static.tigerbbs.com/1b9742a298df2a05cd66c61894a464d3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585495612404250","authorIdStr":"3585495612404250"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888251225","repostId":"2166303094","repostType":4,"isVote":1,"tweetType":1,"viewCount":3022,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888382246,"gmtCreate":1631437492485,"gmtModify":1676530548443,"author":{"id":"3585495612404250","authorId":"3585495612404250","name":"Bbex","avatar":"https://static.tigerbbs.com/1b9742a298df2a05cd66c61894a464d3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585495612404250","authorIdStr":"3585495612404250"},"themes":[],"htmlText":"[Surprised] [Surprised] [Surprised] [Surprised] ","listText":"[Surprised] [Surprised] [Surprised] [Surprised] ","text":"[Surprised] [Surprised] [Surprised] [Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/888382246","repostId":"1189654544","repostType":4,"repost":{"id":"1189654544","kind":"news","pubTimestamp":1631406130,"share":"https://ttm.financial/m/news/1189654544?lang=&edition=fundamental","pubTime":"2021-09-12 08:22","market":"us","language":"en","title":"US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1189654544","media":"Renaissance Capital","summary":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i","content":"<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p>\n<p>Tech consultancy <b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p>\n<p>Swiss running shoe brand <b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p>\n<p>After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p>\n<p>Drive-thru coffee chain <b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p>\n<p>Healthcare intelligence platform <b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p>\n<p>Identity management platform <b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p>\n<p>Immunology biotech <b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p>\n<p>Surgical robotics developer <b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p>\n<p>Oncology biotech <b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p>\n<p>Micro-cap gas delivery service <b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p>\n<p><img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></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 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. 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 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</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: The Fall IPO market kicks off with a 10 IPO week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-12 08:22 GMT+8 <a href=https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DICE":"DICE Therapeutics, Inc.","TWKS":"Thoughtworks Holding Inc.",".SPX":"S&P 500 Index","BROS":"Dutch Bros Inc.","SRAD":"Sportradar Group AG","FORG":"ForgeRock, Inc.",".DJI":"道琼斯","DH":"Definitive Healthcare Corp.","PRCT":"PROCEPT BioRobotics",".IXIC":"NASDAQ Composite","ONON":"On Holding AG","TYRA":"Tyra Biosciences, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189654544","content_text":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.\nSwiss running shoe brand On Holding(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.\nAfter ending talks to go public via SPAC,Sportradar Group(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.\nDrive-thru coffee chain Dutch Bros(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.\nHealthcare intelligence platform Definitive Healthcare(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.\nIdentity management platform ForgeRock(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.\nImmunology biotech DICE Therapeutics(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.\nSurgical robotics developer PROCEPT BioRobotics(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.\nOncology biotech Tyra Biosciences(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.\nMicro-cap gas delivery service EzFill Holdings(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. 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 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1,"symbols_score_info":{"BROS":0.9,".DJI":0.9,"ONON":0.9,"EZFL":0.9,"DICE":0.9,"SRAD":0.9,"PRCT":0.9,".IXIC":0.9,"DH":0.9,"FORG":0.9,".SPX":0.9,"TYRA":0.9,"TWKS":0.9}},"isVote":1,"tweetType":1,"viewCount":2607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881231005,"gmtCreate":1631340844507,"gmtModify":1676530532790,"author":{"id":"3585495612404250","authorId":"3585495612404250","name":"Bbex","avatar":"https://static.tigerbbs.com/1b9742a298df2a05cd66c61894a464d3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585495612404250","authorIdStr":"3585495612404250"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/881231005","repostId":"2166375184","repostType":4,"isVote":1,"tweetType":1,"viewCount":2951,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889096872,"gmtCreate":1631088966496,"gmtModify":1676530464500,"author":{"id":"3585495612404250","authorId":"3585495612404250","name":"Bbex","avatar":"https://static.tigerbbs.com/1b9742a298df2a05cd66c61894a464d3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585495612404250","authorIdStr":"3585495612404250"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/889096872","repostId":"1181361598","repostType":4,"repost":{"id":"1181361598","kind":"news","pubTimestamp":1631086911,"share":"https://ttm.financial/m/news/1181361598?lang=&edition=fundamental","pubTime":"2021-09-08 15:41","market":"us","language":"en","title":"Is SoFi Stock A Buy Or Sell After Its Recent Dip?","url":"https://stock-news.laohu8.com/highlight/detail?id=1181361598","media":"Seeking Alpha","summary":"Summary\n\nSoFi has traded down by about 35% since it completed its reverse SPAC merger IPO in early J","content":"<p><b>Summary</b></p>\n<ul>\n <li>SoFi has traded down by about 35% since it completed its reverse SPAC merger IPO in early June.</li>\n <li>The downward price pressures come as a result of the stock’s lock-up expiration, and management’s soft revenue outlook due to lower student loan refinancing volumes until 2022.</li>\n <li>However, the recent volatility is expected to be transitory, with significant upside realization to resume in the near-term ahead of material catalysts on which SoFi’s long-term growth is built on.</li>\n <li>The anticipated approval of a national bank charter for SoFi is expected to materialize within the next 12 months, which will materially transform the company's overall growth prospects.</li>\n <li>Combined with its cost-efficient multi-product business model and ongoing digital transformation tailwinds for the industry, SoFi is well-positioned for upside realization of as much as 38% in the near-term.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c2bba1f1a887679a1564715476d92ea\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Brian Ach/Getty Images Entertainment</span></p>\n<p>SoFi (Nasdaq:SOFI) has been traded down about 35% since it completed its reverse SPAC merger IPO in early June. The downward price pressures observed in recent months come as a result of the stock’s lock-up expiration, as well as management’s soft revenue guidance issued as a result of lower student loan refinancing volumes for the rest of the year.</p>\n<p>However, the recent volatility is expected to be transitory, with significant upside realization to resume in the near-term ahead of material catalysts on which SoFi’s long-term growth is built on. The advent of innovative technology, combined with COVID-related disruptions experienced in the last 18 months have accelerated the global transition to digital. This makes strong tailwinds for SoFi as it looks to disrupt a long-standing traditional industry like banking. The company’s multi-product business model, combined with the anticipated approval for a national bank charter is expected to further its operations by extending its lending capabilities and financial service offerings. The developments will also allow for greater cost-efficiencies, which underpins greater growth and margin expansion in the long-run. Consistent with our recent coverage on the stock, our outlook remains bullish with a 12-month price target set at $20.96. This represents upside potential of more than 38% based on the last traded price of $15.16 on September 3rd.</p>\n<p><b>Why Did SoFi Stock Plunge?</b></p>\n<p>SoFi closed at almost $23 on June 1stupon its debut on the Nasdaq following the completion of its reverse SPAC merger with Social Capital Hedosophia Holdings Corp. V. The stock’s performance remained range-bound at the $20-level for the month before plummeting by almost 20% in July. This marked the first wave of the stock’s price plunge, triggered by the lock-up expiration on shares held by early investors in the company. According to the stock’s prospectus filing, the lock-up period was equivalent to the earlier of i) 180 trading days for all shares held by early investors, or 2) when the stock trades above $12.50 for 20 of 30 trading days for 33% of shares held by early investors, and when the stock trades above $15.00 for 20 or 30 trading days for an additional 50% of shares held by early investors. Because SoFi traded above both the $12.50 and $15.00 threshold throughout June, it triggered an early lock-up period expiration for 83% of shares held by early investors. This allowed some to offload their positions and realize gains at market value throughout July. And because of the additional SoFi shares pushed into the market, the stock experienced significant price dilution throughout the month before stabilizing at $15 to $16 apiece at the end of July.</p>\n<p>The stock plummeted by another 14% from about $18 to $15 in mid-August following SoFi’s second quarter earnings call, despite topping Q2 sales estimates and more than doubling its membership base. This marked the second wave of the stock’s price plunge, triggered by management’s warning of reduced student loan refinancing volumes through the end of the year due to the extension of the U.S. government’s student loan moratorium.</p>\n<p><b>Material Catalysts for a Valuation Boost Ahead</b></p>\n<p>To date, the stock has traded down by approximately 35% since it went IPO three months ago, and has largely remained range-bound at the $14- to $15-level in recent weeks. However, SoFi’s share price is not expected to stay staggered for long. The company’s multi-product business model, combined with the anticipated approval of a national bank charter, are expected to be material catalysts for a valuation boost ahead. The developments are also expected to help SoFi drive higher capitalization on global digital transformation tailwinds, which the broader fintech sector has continued to benefit from.</p>\n<p><b>SoFi’s “Financial Services Productivity Loop” Business Model</b></p>\n<p>The company’s multi-product business model has continued to attract new sign-ups and drive surging revenue growth across the business, while maintaining cost-efficiencies to facilitate additional margin expansion. Through its “Financial Services Productivity Loop” (“FSPL”) business model, SoFi is gradually achieving a “flywheel” effect in its operations. The FSPL business model is essentially a multi-product business model that promotes cross-selling opportunities, while minimizing customer acquisition costs. For instance, SoFi’s commission-free investing platform, “SoFi Invest”, may not be making large profits for the company, but it helps to build its membership base and increase engagement. And over time, when SoFi Invest members start to use additional SoFi products, such as its higher-margin lending services, SoFi’s sales will increase while having incurred zero incremental customer acquisition costs. This strategy helps the company generate sufficient funds for reinvesting into further expansion of its offerings, and subsequently lowering costs through scale that can be passed on to customers to attract higher engagement. It also becomes a “self-reinforcing virtuous cycle” for facilitating the company’s continued growth.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7af66a56a2b9174a618c1ecabed296bf\" tg-width=\"640\" tg-height=\"499\" width=\"100%\" height=\"auto\"><span>Source: SoFi Investor Presentation.</span></p>\n<p>The strategy has continued to underpin SoFi’s robust sales and membership growth momentum achieved over the years. SoFi currently serves more than 1.85 million members, up 90% from the prior year, and is expected to reach three million members by the end of the year. And from a sales standpoint, each of its lending, financial services and technology business segments have achieved high double- to triple-digit growth in recent quarters, a testament to the effectiveness of its FSPL business model. SoFi’s most profitable lending segment grew 47% year-over-year during the second quarter, while its lower-margin technology and financial services segments soared 119% and close to seven-fold, respectively.</p>\n<p>Circling back to management’s warning of lower student loan refinancing volumes for the rest of the year, the adverse impact that the news had on SoFi’s share price is not expected to persist for long. SoFi’s FSPL business model has continued to propel demand for its other lending products, such as personal loans and mortgages. During the second quarter, the volume of refinanced student loans handled by SoFi had already dropped by more than half compared to pre-CARES Act levels. Yet, the lending segment’s total funded volume across all lending products still grew by 66% to $2.9 billion, resulting in strong double-digit year-over-year growth in the segment’s revenues. Despite management’s expectations to lose out on another $40 million in student-loan refinancing later this year due to the U.S. government’s extension of student loan relief to January 31st, 2022, it is clear that SoFi’s lending business will continue to post unstoppable growth ahead regardless. And this is especially true when student loan refinancing volumes pick up again in 2022, thanks to the self-reinforcing virtuous cycle of growth that SoFi’s FSPL business model has bolstered.</p>\n<p><b>National Bank Charter</b></p>\n<p>SoFi’s announcement to acquire Golden Pacific Bancorp(“GPB”) in March is also expected to accelerate its process in obtaining a national bank charter, which is another key catalyst to boosting the stock’s valuation. For context, SoFi had already applied for a national bank charter last summer, and received conditional approval in October. And the acquisition of GPB, which is expected to close before the end of the year, will likely fast-track the full approval process for SoFi’s national bank charter as soon as this year. A similar strategy has been proven effective for some of SoFi’s fintech peers, including Square and LendingClub, which obtained approval for a national banking charter shortly after their respective acquisitions of smaller community banks.</p>\n<p>A national bank charter will be critical to taking SoFi’s growth to the next level, especially for its lending business. SoFi’s lending platform has always been at the forefront of its business, accounting for 86% of the company’s revenues in 2020. It is also currently SoFi’s most profitable business segment, with a contribution margin of close to 54%. A national bank charter will allow SoFi to further its lending capabilities by allowing loans made with member deposits instead of capital borrowed from third-party banks. This accordingly lowers the business’ overall costs of capital, allowing for greater margin expansion over time.</p>\n<p>A national bank charter would also be important for expanding SoFi’s financial services business segment, which is currently operating at a loss. The acquisition of GPB, combined with having a national bank charter, is expected to encourage further member deposits through SoFi. This is a critical step to achieving the company’s goal of becoming its members’ “primary bank account”. It would also help SoFi increase its market penetration rate into the 500 million retail personal banking accounts currently housed in traditional American megabanks that have yet to experience virtual banking. The bank charter is expected to help SoFi drive greater membership growth and engagement across its financial services platforms, and enable additional cost-efficiencies and margin expansion through scale in the long-run.</p>\n<p>Obtaining a national bank charter would also work hand in hand with SoFi’s payment solutions infrastructure platform, Galileo. Galileo already enables profit-sharing for SoFi, as the payment solutions platform primarily services SoFi’s competition, such as Robinhood. The platform also provides the payment solutions infrastructure for SoFi Money, driving cost synergies through vertical integration. Together with a national bank charter, it would become easier for SoFi to engage in strategic partnerships with other companies to offer additional products such as “sweep accounts, FDIC insurance warehouse facilities, etc.”, and drive greater sales for the business segment going forward.</p>\n<p>Having a national bank charter is expected to drive material benefits to SoFi’s financial performance as well. Due to the cost-efficiencies and growth synergies achievable through having a national bank charter, SoFi’s projected adjusted EBITDA in 2022 is expected to jump by 76% from $254 million to $447 million. And over the next five years, obtaining a national bank charter is expected to drive cumulative incremental EBITDA of more than $1 billion for SoFi. This would make a material bump to the company’s intrinsic value, which should be reflected as upside realization for the stock in the near-term.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/31c58c360b20e4c03b3b171b74eea059\" tg-width=\"640\" tg-height=\"325\" width=\"100%\" height=\"auto\"><span>Source: SoFi Investor Presentation.</span></p>\n<p><b>Digital Transformation Tailwinds</b></p>\n<p>The advent of innovative technology, combined with COVID-related disruptions experienced in the last 18 months, have accelerated demands for convenient and easy-to-use virtual banking platforms. According to Adjust’s global app trends report, fintech app usage grew by 85% year-over-year during the pandemic, and has continued to surge by another 49% in the first half of 2021. More than 45% of fintech app users indicated that their banking habits have “permanently changed” since the onset of the pandemic. This has created a strong foundation of high-growth opportunities within the fintech scene, which SoFi is well-positioned to capitalize on with its multi-product business model. The company’s ability to keep prices at competitive levels compared to traditional banks is also expected to drive greater appeal to the younger generation, which is currently the dominant demographic of virtual banking app users. Out of more than 30% of Americans who either have an account or are planning to open an account with a virtual bank,56% are under the age of 40.</p>\n<p>Obtaining a national bank charter also comes at an opportune time for SoFi. The global digital lending industry is expected to grow at a compounded annual growth rate (“CAGR”) of at least 25% through to 2025, and at a CAGR of 5.5% from 2025 to 2030. Meanwhile, the broader digital banking sector is forecasted to keep growing at a CAGR of at least 13.8% up to 29.9% through to 2030. The additional growth opportunities available to SoFi, combined with the cost synergies enabled by a national bank charter, is expected to set the stage for profitability sooner than expected. A national bank charter would also enable SoFi to maximize capitalization on the high-growth opportunities ahead, creating additional upside for the stock in the near-term.</p>\n<p><b>Financial Prospects Recap</b></p>\n<p>The growth catalysts will underpin SoFi’s financial performance over the next ten years as the global transition to digital continues to take place. As analyzed in detail by business segment in our recent coverage on the stock, SoFi is expected to generate total net revenue of $968.8 million by the end of the year, representing year-over-year growth of 56%. The top-line is projected to experience further accelerated growth at a CAGR of 19.3% towards $5.7 billion by 2030 as a result of increasing adoption of virtual banking channels.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9fdc65293620b1295cb42ed09128f1f5\" tg-width=\"640\" tg-height=\"221\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast (SoFi_-_Forecasted_Financial_Information.pdf).</span></p>\n<p>Total non-interest expenses, which consist of technology and product development, sales and marketing, cost of operations, general and administrative, and other nominal spending, are forecasted at $1.6 billion by the end of the year. Related cost items are expected to represent a higher percentage of total revenues through to 2025 to support SoFi’s ongoing growth initiatives, which include further development to its portfolio of service offering and overseas expansion. Yet, these expenses will be partially offset by cost-savings achieved through the FSPL business model and synergies realizable after obtaining a national bank charter, which would accordingly lead to narrowing losses through to 2023.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/21a7f2b3bde0cb99d79b6ab908c61372\" tg-width=\"640\" tg-height=\"242\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast.</span></p>\n<p>SoFi is expected to generate profits of $402.3 million as soon as 2024, with growth at a CAGR of 27.6% towards $1.7 billion by 2030.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0390c07005e43ce9bebef7346f0cf26d\" tg-width=\"640\" tg-height=\"236\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast.</span></p>\n<p><i>i. Base Case Financial Forecast:</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bca21d0fa161c8fb2a9ff60eda96b8c7\" tg-width=\"640\" tg-height=\"264\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal financial forecast.</span></p>\n<p><b>Valuation</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a720544b7678e2991cf1e17d3edacb5c\" tg-width=\"640\" tg-height=\"197\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p>\n<p>Our bullish outlook on SoFi remains unchanged from our previous coverage, with a 12-month price target of $20.96 despite recent price pressures on the stock. This represents upside potential of more than 38% based on the last traded price of $15.16 on September 3rd.</p>\n<p>The price target is derived using a multiples-based valuation approach. We have applied a price-to-sales multiple of 17.3x to projected total net revenues per share for 2021 to determine the 12-month price target. The multiple is consistent with those of SoFi’s industry peers, as well as market expectations on the company’s near-term valuation based on its current operating environment, business developments, and growth trajectory.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8cdea4d655a868c9515c98e2c0149a47\" tg-width=\"640\" tg-height=\"70\" width=\"100%\" height=\"auto\"><span>Source: Author, with data from our internal valuation analysis.</span></p>\n<p><b>Conclusion</b></p>\n<p>The stock’s recent pullback makes an attractive buying opportunity. This rings especially true with the anticipated approval of a national bank charter that is expected to materialize within the next 12 months, which will materially transform SoFi’s overall growth prospects. SoFi’s differentiated business model also makes it well-positioned to capitalize on the significant additional growth opportunities ahead as retail customers look to add reliable and affordable virtual platforms to their banking routines.</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>Is SoFi Stock A Buy Or Sell After Its Recent Dip?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs SoFi Stock A Buy Or Sell After Its Recent Dip?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 15:41 GMT+8 <a href=https://seekingalpha.com/article/4453893-sofi-stock-buy-sell-after-recent-dip><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSoFi has traded down by about 35% since it completed its reverse SPAC merger IPO in early June.\nThe downward price pressures come as a result of the stock’s lock-up expiration, and management...</p>\n\n<a href=\"https://seekingalpha.com/article/4453893-sofi-stock-buy-sell-after-recent-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://seekingalpha.com/article/4453893-sofi-stock-buy-sell-after-recent-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181361598","content_text":"Summary\n\nSoFi has traded down by about 35% since it completed its reverse SPAC merger IPO in early June.\nThe downward price pressures come as a result of the stock’s lock-up expiration, and management’s soft revenue outlook due to lower student loan refinancing volumes until 2022.\nHowever, the recent volatility is expected to be transitory, with significant upside realization to resume in the near-term ahead of material catalysts on which SoFi’s long-term growth is built on.\nThe anticipated approval of a national bank charter for SoFi is expected to materialize within the next 12 months, which will materially transform the company's overall growth prospects.\nCombined with its cost-efficient multi-product business model and ongoing digital transformation tailwinds for the industry, SoFi is well-positioned for upside realization of as much as 38% in the near-term.\n\nBrian Ach/Getty Images Entertainment\nSoFi (Nasdaq:SOFI) has been traded down about 35% since it completed its reverse SPAC merger IPO in early June. The downward price pressures observed in recent months come as a result of the stock’s lock-up expiration, as well as management’s soft revenue guidance issued as a result of lower student loan refinancing volumes for the rest of the year.\nHowever, the recent volatility is expected to be transitory, with significant upside realization to resume in the near-term ahead of material catalysts on which SoFi’s long-term growth is built on. The advent of innovative technology, combined with COVID-related disruptions experienced in the last 18 months have accelerated the global transition to digital. This makes strong tailwinds for SoFi as it looks to disrupt a long-standing traditional industry like banking. The company’s multi-product business model, combined with the anticipated approval for a national bank charter is expected to further its operations by extending its lending capabilities and financial service offerings. The developments will also allow for greater cost-efficiencies, which underpins greater growth and margin expansion in the long-run. Consistent with our recent coverage on the stock, our outlook remains bullish with a 12-month price target set at $20.96. This represents upside potential of more than 38% based on the last traded price of $15.16 on September 3rd.\nWhy Did SoFi Stock Plunge?\nSoFi closed at almost $23 on June 1stupon its debut on the Nasdaq following the completion of its reverse SPAC merger with Social Capital Hedosophia Holdings Corp. V. The stock’s performance remained range-bound at the $20-level for the month before plummeting by almost 20% in July. This marked the first wave of the stock’s price plunge, triggered by the lock-up expiration on shares held by early investors in the company. According to the stock’s prospectus filing, the lock-up period was equivalent to the earlier of i) 180 trading days for all shares held by early investors, or 2) when the stock trades above $12.50 for 20 of 30 trading days for 33% of shares held by early investors, and when the stock trades above $15.00 for 20 or 30 trading days for an additional 50% of shares held by early investors. Because SoFi traded above both the $12.50 and $15.00 threshold throughout June, it triggered an early lock-up period expiration for 83% of shares held by early investors. This allowed some to offload their positions and realize gains at market value throughout July. And because of the additional SoFi shares pushed into the market, the stock experienced significant price dilution throughout the month before stabilizing at $15 to $16 apiece at the end of July.\nThe stock plummeted by another 14% from about $18 to $15 in mid-August following SoFi’s second quarter earnings call, despite topping Q2 sales estimates and more than doubling its membership base. This marked the second wave of the stock’s price plunge, triggered by management’s warning of reduced student loan refinancing volumes through the end of the year due to the extension of the U.S. government’s student loan moratorium.\nMaterial Catalysts for a Valuation Boost Ahead\nTo date, the stock has traded down by approximately 35% since it went IPO three months ago, and has largely remained range-bound at the $14- to $15-level in recent weeks. However, SoFi’s share price is not expected to stay staggered for long. The company’s multi-product business model, combined with the anticipated approval of a national bank charter, are expected to be material catalysts for a valuation boost ahead. The developments are also expected to help SoFi drive higher capitalization on global digital transformation tailwinds, which the broader fintech sector has continued to benefit from.\nSoFi’s “Financial Services Productivity Loop” Business Model\nThe company’s multi-product business model has continued to attract new sign-ups and drive surging revenue growth across the business, while maintaining cost-efficiencies to facilitate additional margin expansion. Through its “Financial Services Productivity Loop” (“FSPL”) business model, SoFi is gradually achieving a “flywheel” effect in its operations. The FSPL business model is essentially a multi-product business model that promotes cross-selling opportunities, while minimizing customer acquisition costs. For instance, SoFi’s commission-free investing platform, “SoFi Invest”, may not be making large profits for the company, but it helps to build its membership base and increase engagement. And over time, when SoFi Invest members start to use additional SoFi products, such as its higher-margin lending services, SoFi’s sales will increase while having incurred zero incremental customer acquisition costs. This strategy helps the company generate sufficient funds for reinvesting into further expansion of its offerings, and subsequently lowering costs through scale that can be passed on to customers to attract higher engagement. It also becomes a “self-reinforcing virtuous cycle” for facilitating the company’s continued growth.\nSource: SoFi Investor Presentation.\nThe strategy has continued to underpin SoFi’s robust sales and membership growth momentum achieved over the years. SoFi currently serves more than 1.85 million members, up 90% from the prior year, and is expected to reach three million members by the end of the year. And from a sales standpoint, each of its lending, financial services and technology business segments have achieved high double- to triple-digit growth in recent quarters, a testament to the effectiveness of its FSPL business model. SoFi’s most profitable lending segment grew 47% year-over-year during the second quarter, while its lower-margin technology and financial services segments soared 119% and close to seven-fold, respectively.\nCircling back to management’s warning of lower student loan refinancing volumes for the rest of the year, the adverse impact that the news had on SoFi’s share price is not expected to persist for long. SoFi’s FSPL business model has continued to propel demand for its other lending products, such as personal loans and mortgages. During the second quarter, the volume of refinanced student loans handled by SoFi had already dropped by more than half compared to pre-CARES Act levels. Yet, the lending segment’s total funded volume across all lending products still grew by 66% to $2.9 billion, resulting in strong double-digit year-over-year growth in the segment’s revenues. Despite management’s expectations to lose out on another $40 million in student-loan refinancing later this year due to the U.S. government’s extension of student loan relief to January 31st, 2022, it is clear that SoFi’s lending business will continue to post unstoppable growth ahead regardless. And this is especially true when student loan refinancing volumes pick up again in 2022, thanks to the self-reinforcing virtuous cycle of growth that SoFi’s FSPL business model has bolstered.\nNational Bank Charter\nSoFi’s announcement to acquire Golden Pacific Bancorp(“GPB”) in March is also expected to accelerate its process in obtaining a national bank charter, which is another key catalyst to boosting the stock’s valuation. For context, SoFi had already applied for a national bank charter last summer, and received conditional approval in October. And the acquisition of GPB, which is expected to close before the end of the year, will likely fast-track the full approval process for SoFi’s national bank charter as soon as this year. A similar strategy has been proven effective for some of SoFi’s fintech peers, including Square and LendingClub, which obtained approval for a national banking charter shortly after their respective acquisitions of smaller community banks.\nA national bank charter will be critical to taking SoFi’s growth to the next level, especially for its lending business. SoFi’s lending platform has always been at the forefront of its business, accounting for 86% of the company’s revenues in 2020. It is also currently SoFi’s most profitable business segment, with a contribution margin of close to 54%. A national bank charter will allow SoFi to further its lending capabilities by allowing loans made with member deposits instead of capital borrowed from third-party banks. This accordingly lowers the business’ overall costs of capital, allowing for greater margin expansion over time.\nA national bank charter would also be important for expanding SoFi’s financial services business segment, which is currently operating at a loss. The acquisition of GPB, combined with having a national bank charter, is expected to encourage further member deposits through SoFi. This is a critical step to achieving the company’s goal of becoming its members’ “primary bank account”. It would also help SoFi increase its market penetration rate into the 500 million retail personal banking accounts currently housed in traditional American megabanks that have yet to experience virtual banking. The bank charter is expected to help SoFi drive greater membership growth and engagement across its financial services platforms, and enable additional cost-efficiencies and margin expansion through scale in the long-run.\nObtaining a national bank charter would also work hand in hand with SoFi’s payment solutions infrastructure platform, Galileo. Galileo already enables profit-sharing for SoFi, as the payment solutions platform primarily services SoFi’s competition, such as Robinhood. The platform also provides the payment solutions infrastructure for SoFi Money, driving cost synergies through vertical integration. Together with a national bank charter, it would become easier for SoFi to engage in strategic partnerships with other companies to offer additional products such as “sweep accounts, FDIC insurance warehouse facilities, etc.”, and drive greater sales for the business segment going forward.\nHaving a national bank charter is expected to drive material benefits to SoFi’s financial performance as well. Due to the cost-efficiencies and growth synergies achievable through having a national bank charter, SoFi’s projected adjusted EBITDA in 2022 is expected to jump by 76% from $254 million to $447 million. And over the next five years, obtaining a national bank charter is expected to drive cumulative incremental EBITDA of more than $1 billion for SoFi. This would make a material bump to the company’s intrinsic value, which should be reflected as upside realization for the stock in the near-term.\nSource: SoFi Investor Presentation.\nDigital Transformation Tailwinds\nThe advent of innovative technology, combined with COVID-related disruptions experienced in the last 18 months, have accelerated demands for convenient and easy-to-use virtual banking platforms. According to Adjust’s global app trends report, fintech app usage grew by 85% year-over-year during the pandemic, and has continued to surge by another 49% in the first half of 2021. More than 45% of fintech app users indicated that their banking habits have “permanently changed” since the onset of the pandemic. This has created a strong foundation of high-growth opportunities within the fintech scene, which SoFi is well-positioned to capitalize on with its multi-product business model. The company’s ability to keep prices at competitive levels compared to traditional banks is also expected to drive greater appeal to the younger generation, which is currently the dominant demographic of virtual banking app users. Out of more than 30% of Americans who either have an account or are planning to open an account with a virtual bank,56% are under the age of 40.\nObtaining a national bank charter also comes at an opportune time for SoFi. The global digital lending industry is expected to grow at a compounded annual growth rate (“CAGR”) of at least 25% through to 2025, and at a CAGR of 5.5% from 2025 to 2030. Meanwhile, the broader digital banking sector is forecasted to keep growing at a CAGR of at least 13.8% up to 29.9% through to 2030. The additional growth opportunities available to SoFi, combined with the cost synergies enabled by a national bank charter, is expected to set the stage for profitability sooner than expected. A national bank charter would also enable SoFi to maximize capitalization on the high-growth opportunities ahead, creating additional upside for the stock in the near-term.\nFinancial Prospects Recap\nThe growth catalysts will underpin SoFi’s financial performance over the next ten years as the global transition to digital continues to take place. As analyzed in detail by business segment in our recent coverage on the stock, SoFi is expected to generate total net revenue of $968.8 million by the end of the year, representing year-over-year growth of 56%. The top-line is projected to experience further accelerated growth at a CAGR of 19.3% towards $5.7 billion by 2030 as a result of increasing adoption of virtual banking channels.\nSource: Author, with data from our internal financial forecast (SoFi_-_Forecasted_Financial_Information.pdf).\nTotal non-interest expenses, which consist of technology and product development, sales and marketing, cost of operations, general and administrative, and other nominal spending, are forecasted at $1.6 billion by the end of the year. Related cost items are expected to represent a higher percentage of total revenues through to 2025 to support SoFi’s ongoing growth initiatives, which include further development to its portfolio of service offering and overseas expansion. Yet, these expenses will be partially offset by cost-savings achieved through the FSPL business model and synergies realizable after obtaining a national bank charter, which would accordingly lead to narrowing losses through to 2023.\nSource: Author, with data from our internal financial forecast.\nSoFi is expected to generate profits of $402.3 million as soon as 2024, with growth at a CAGR of 27.6% towards $1.7 billion by 2030.\nSource: Author, with data from our internal financial forecast.\ni. Base Case Financial Forecast:\nSource: Author, with data from our internal financial forecast.\nValuation\nSource: Author, with data from our internal valuation analysis.\nOur bullish outlook on SoFi remains unchanged from our previous coverage, with a 12-month price target of $20.96 despite recent price pressures on the stock. This represents upside potential of more than 38% based on the last traded price of $15.16 on September 3rd.\nThe price target is derived using a multiples-based valuation approach. We have applied a price-to-sales multiple of 17.3x to projected total net revenues per share for 2021 to determine the 12-month price target. The multiple is consistent with those of SoFi’s industry peers, as well as market expectations on the company’s near-term valuation based on its current operating environment, business developments, and growth trajectory.\nSource: Author, with data from our internal valuation analysis.\nConclusion\nThe stock’s recent pullback makes an attractive buying opportunity. This rings especially true with the anticipated approval of a national bank charter that is expected to materialize within the next 12 months, which will materially transform SoFi’s overall growth prospects. SoFi’s differentiated business model also makes it well-positioned to capitalize on the significant additional growth opportunities ahead as retail customers look to add reliable and affordable virtual platforms to their banking routines.","news_type":1,"symbols_score_info":{"SOFI":0.9}},"isVote":1,"tweetType":1,"viewCount":2784,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817084403,"gmtCreate":1630891266002,"gmtModify":1676530412797,"author":{"id":"3585495612404250","authorId":"3585495612404250","name":"Bbex","avatar":"https://static.tigerbbs.com/1b9742a298df2a05cd66c61894a464d3","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585495612404250","authorIdStr":"3585495612404250"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/817084403","repostId":"1126654067","repostType":4,"repost":{"id":"1126654067","kind":"news","pubTimestamp":1630885254,"share":"https://ttm.financial/m/news/1126654067?lang=&edition=fundamental","pubTime":"2021-09-06 07:40","market":"us","language":"en","title":"Is the U.S. stock market open on Labor Day?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126654067","media":"MarketWatch","summary":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be cl","content":"<p>It is unofficially summer’s last hurrah for Wall Street investors.</p>\n<p>U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.</p>\n<p>On Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc. -owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average, S&P 500 or Nasdaq Composite indexes.</p>\n<p>The S&P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite was on track to book its 35th all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.</p>\n<p>Sifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was yielding around 1.33% after the U.S. August jobs report came in weaker than expected.</p>\n<p>However, the Labor Department’s employment report,which showed that 235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.</p>\n<p>Trading in most commodity futures, including Nymex crude-oil and Comex gold,on U.S. exchanges will also be halted Monday.</p>\n<p>Is there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?</p>\n<p>Probably not.</p>\n<p>But the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3f0f061a4ddd2ca31c53f8aa68e3cce\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p>\n<p>The S&P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c780a46e32d055feb3e3f5e10fc987f\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p>\n<p>But if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.</p>\n<p>It is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.</p>\n<p>Markets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100 index and the pan-European Stoxx Europe 600 will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng and the Shanghai Composite Index.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is the U.S. stock market open on Labor Day?</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; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs the U.S. stock market open on Labor Day?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 07:40 GMT+8 <a href=https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has ...</p>\n\n<a href=\"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","ICE":"洲际交易所",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126654067","content_text":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.\nOn Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc. -owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average, S&P 500 or Nasdaq Composite indexes.\nThe S&P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite was on track to book its 35th all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.\nSifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was yielding around 1.33% after the U.S. August jobs report came in weaker than expected.\nHowever, the Labor Department’s employment report,which showed that 235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.\nTrading in most commodity futures, including Nymex crude-oil and Comex gold,on U.S. exchanges will also be halted Monday.\nIs there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?\nProbably not.\nBut the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.\nDOW JONES MARKET DATA\nThe S&P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.\nDOW JONES MARKET DATA\nBut if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.\nIt is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.\nMarkets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100 index and the pan-European Stoxx Europe 600 will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng and the Shanghai Composite Index.","news_type":1,"symbols_score_info":{"ICE":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2976,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}