Donokane personal page - To The Moon

Donokane

Donokane

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2024-04-21

Alternative clarity for life

2023-08-07

🎆 Happy Birthday 🎂, Singapore

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2022-12-23

Merry Ho Ho Huat:)

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2022-06-18

Ka-ching!

Warren Buffett Charity Lunch Fetches Winning Bid of $19 Mln

2022-05-03

Eyeing creative breakthroughs... Seemingly anchored consistent Green throughout these trying times.

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2022-04-13

Good Timely reminder

Reminder: Holiday Trading Hours during Good Friday and Easter

2022-04-12

Thoughts and prayers for those affected and assisting

Shooting in Brooklyn Subway Station Leaves Several Injured

2022-03-18

Relief - hopefully last

Big Reversal in Chinese Internet Stocks Fuels Hopes

2021-09-14

Great! Should make their platform more user-friendly to ease all of us

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2021-09-10

Deep dive then lots of great vibes will get us these stocks!!!

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2021-09-09

Currency Camouflage!

Funds Go Green, but Sometimes in Name Only

2021-09-09

"Chipping" all the way to the bank

Micron Is Too Cheap To Ignore

2021-08-30

Three freaking hours! Sheez! Over my dead body

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2021-08-30

Bet David lives up to his name - king (CASH)

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2021-08-20

Best absorb with pinch of salt, coz not end of story "wink wink"

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2021-08-16

Get real will ya? It's enormously huge appetite

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2021-08-06

Skillz has its name implies = SKILL

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2021-08-05

Quote - Old ginger still "HOT"

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2021-08-04

Giddy-up baby!

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2021-08-03

Jeff unintentionally puncture market ozone, whoops ?!

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Huat:)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922686607","repostId":"1192326933","repostType":2,"isVote":1,"tweetType":1,"viewCount":1443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9057570029,"gmtCreate":1655533928561,"gmtModify":1676535658953,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Ka-ching!","listText":"Ka-ching!","text":"Ka-ching!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9057570029","repostId":"2244756701","repostType":4,"repost":{"id":"2244756701","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com 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href=\"https://laohu8.com/S/EBAY\">eBay</a> auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner&#39;s identity could not immediately be determined.</p><p>Proceeds benefit Glide, a nonprofit in San Francisco&#39;s Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children&#39;s programs.</p><p>Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.</p><p>An eBay spokeswoman said the lunch was the most expensive item ever sold on the company&#39;s website to benefit charity.</p><p>No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.</p><p>Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.</p><p>He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.</p><p>This year&#39;s auction winner and up to seven guests will dine with Buffett at the Smith &amp; Wollensky steakhouse in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p><p>Buffett will talk about almost anything, but not where he may invest next.</p><p>Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.</p><p>Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.</p><p>Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .</p><p>Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Charity Lunch Fetches Winning Bid of $19 Mln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-18 14:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.</p><p>The winning bid in the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner&#39;s identity could not immediately be determined.</p><p>Proceeds benefit Glide, a nonprofit in San Francisco&#39;s Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children&#39;s programs.</p><p>Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.</p><p>An eBay spokeswoman said the lunch was the most expensive item ever sold on the company&#39;s website to benefit charity.</p><p>No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.</p><p>Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.</p><p>He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.</p><p>This year&#39;s auction winner and up to seven guests will dine with Buffett at the Smith &amp; Wollensky steakhouse in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p><p>Buffett will talk about almost anything, but not where he may invest next.</p><p>Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.</p><p>Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.</p><p>Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .</p><p>Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4122":"互联网与直销零售","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4176":"多领域控股","BK4566":"资本集团","QNETCN":"纳斯达克中美互联网老虎指数","EBAY":"eBay","BK4505":"高瓴资本持仓","BK4515":"5G概念","BK4504":"桥水持仓","BK4559":"巴菲特持仓","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4170":"电脑硬件、储存设备及电脑周边","BRK.A":"伯克希尔","BK4574":"无人驾驶","BK4207":"综合性银行","BRK.B":"伯克希尔B","BK4573":"虚拟现实","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","BK4512":"苹果概念","BK4527":"明星科技股","BK4553":"喜马拉雅资本持仓","BK4501":"段永平概念","AAPL":"苹果","BAC":"美国银行","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","BK4576":"AR"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244756701","content_text":"A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner's identity could not immediately be determined.Proceeds benefit Glide, a nonprofit in San Francisco's Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children's programs.Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.An eBay spokeswoman said the lunch was the most expensive item ever sold on the company's website to benefit charity.No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.This year's auction winner and up to seven guests will dine with Buffett at the Smith & Wollensky steakhouse in Manhattan.Buffett will talk about almost anything, but not where he may invest next.Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.","news_type":1,"symbols_score_info":{"AAPL":0.9,"BAC":0.9,"BRK.A":0.9,"BRK.B":0.9,"EBAY":0.9,"QNETCN":0.6}},"isVote":1,"tweetType":1,"viewCount":1376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061966485,"gmtCreate":1651553414793,"gmtModify":1676534926094,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Eyeing creative breakthroughs... Seemingly anchored consistent Green throughout these trying times.","listText":"Eyeing creative breakthroughs... Seemingly anchored consistent Green throughout these trying times.","text":"Eyeing creative breakthroughs... Seemingly anchored consistent Green throughout these trying times.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061966485","repostId":"2232174417","repostType":2,"isVote":1,"tweetType":1,"viewCount":1608,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080301838,"gmtCreate":1649840533603,"gmtModify":1676534587666,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Good Timely reminder","listText":"Good Timely reminder","text":"Good Timely reminder","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080301838","repostId":"1133070824","repostType":2,"repost":{"id":"1133070824","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":1649399100,"share":"https://ttm.financial/m/news/1133070824?lang=&edition=full_marsco","pubTime":"2022-04-08 14:25","market":"us","language":"en","title":"Reminder: Holiday Trading Hours during Good Friday and Easter","url":"https://stock-news.laohu8.com/highlight/detail?id=1133070824","media":"Tiger Newspress","summary":"U.S. stock markets will be closed Friday, April 15in observance of Good Friday.The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.The Securities Industry and Financi","content":"<html><head></head><body><p>U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.</p><p>The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.</p><p>The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.</p><p>U.S. commodities markets including gold and oil futures also won&#39;t be open for trading Friday.</p><p>Singapore stock markets will also close on Good Friday.</p><p>Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.</p><p>A-shares (Northbound) will be closed to April 18 from April 14.</p><p><img src=\"https://static.tigerbbs.com/8d9bbb655e7216a0c27a0cb94e0d0875\" tg-width=\"1482\" tg-height=\"1328\" width=\"100%\" height=\"auto\"/></p><p>Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Holiday Trading Hours during Good Friday and Easter</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\">\nReminder: Holiday Trading Hours during Good Friday and Easter\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\">2022-04-08 14:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.</p><p>The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.</p><p>The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.</p><p>U.S. commodities markets including gold and oil futures also won&#39;t be open for trading Friday.</p><p>Singapore stock markets will also close on Good Friday.</p><p>Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.</p><p>A-shares (Northbound) will be closed to April 18 from April 14.</p><p><img src=\"https://static.tigerbbs.com/8d9bbb655e7216a0c27a0cb94e0d0875\" tg-width=\"1482\" tg-height=\"1328\" width=\"100%\" height=\"auto\"/></p><p>Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133070824","content_text":"U.S. stock markets will be closed Friday, April 15 in observance of Good Friday.The New York Stock Exchange and the Nasdaq will resume normal trading hours on Monday.The Securities Industry and Financial Markets Association recommended the U.S. bond market close Friday. It also advised that the bond market shutter early on Thursday, April14 at 2 p.m. Eastern.U.S. commodities markets including gold and oil futures also won't be open for trading Friday.Singapore stock markets will also close on Good Friday.Stock markets in Europe, Hong Kong and Australia will close on Good Friday and on Monday in observance of Easter.A-shares (Northbound) will be closed to April 18 from April 14.Good Friday commemorates the crucifixion of Jesus Christ. It isn’t a federal holiday, which means businesses often stay open. Good Friday is the only time U.S. markets close for the day outside of federal holidays.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":1846,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9017672790,"gmtCreate":1649775020344,"gmtModify":1676534572349,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Thoughts and prayers for those affected and assisting","listText":"Thoughts and prayers for those affected and assisting","text":"Thoughts and prayers for those affected and assisting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9017672790","repostId":"1158897315","repostType":2,"repost":{"id":"1158897315","kind":"news","pubTimestamp":1649773566,"share":"https://ttm.financial/m/news/1158897315?lang=&edition=full_marsco","pubTime":"2022-04-12 22:26","market":"us","language":"en","title":"Shooting in Brooklyn Subway Station Leaves Several Injured","url":"https://stock-news.laohu8.com/highlight/detail?id=1158897315","media":"The Wall Street Journal","summary":"Several people were shot at a Brooklyn subway station Tuesday morning and several undetonated device","content":"<html><head></head><body><p>Several people were shot at a Brooklyn subway station Tuesday morning and several undetonated devices were found at the scene, according to the New York City Fire Department.</p><p>A call reporting smoke at the subway station located at 36th Street and 4th Avenue in the Sunset Park neighborhood came in at about 8:30 a.m. ET and units discovered several people shot, fire officials said.</p><p>At least 13 people are injured, officials said.</p><p>New York Police Department officials said an explosive device may have been discharged in the incident as well. Police officers and emergency responders are at the scene providing medical attention in a continuing investigation, according to the officials.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shooting in Brooklyn Subway Station Leaves Several Injured</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\">\nShooting in Brooklyn Subway Station Leaves Several Injured\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-12 22:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/shooting-in-brooklyn-subway-station-leaves-several-injured-11649771566><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Several people were shot at a Brooklyn subway station Tuesday morning and several undetonated devices were found at the scene, according to the New York City Fire Department.A call reporting smoke at ...</p>\n\n<a href=\"https://www.wsj.com/articles/shooting-in-brooklyn-subway-station-leaves-several-injured-11649771566\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/shooting-in-brooklyn-subway-station-leaves-several-injured-11649771566","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158897315","content_text":"Several people were shot at a Brooklyn subway station Tuesday morning and several undetonated devices were found at the scene, according to the New York City Fire Department.A call reporting smoke at the subway station located at 36th Street and 4th Avenue in the Sunset Park neighborhood came in at about 8:30 a.m. ET and units discovered several people shot, fire officials said.At least 13 people are injured, officials said.New York Police Department officials said an explosive device may have been discharged in the incident as well. Police officers and emergency responders are at the scene providing medical attention in a continuing investigation, according to the officials.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1935,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035230360,"gmtCreate":1647603852653,"gmtModify":1676534249790,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Relief - hopefully last","listText":"Relief - hopefully last","text":"Relief - hopefully last","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9035230360","repostId":"1118168713","repostType":2,"repost":{"id":"1118168713","kind":"news","pubTimestamp":1647603110,"share":"https://ttm.financial/m/news/1118168713?lang=&edition=full_marsco","pubTime":"2022-03-18 19:31","market":"us","language":"en","title":"Big Reversal in Chinese Internet Stocks Fuels Hopes","url":"https://stock-news.laohu8.com/highlight/detail?id=1118168713","media":"bloomberg","summary":"A sudden turnaround in Chinese internet stocks this week is fueling optimism that the worst of the y","content":"<html><head></head><body><p>A sudden turnaround in Chinese internet stocks this week is fueling optimism that the worst of the yearlong rout may finally be over.</p><p>After Beijing vowed to keep stock markets stable and “rectify” issues related to internet platform companies as soon as possible, the Hang Seng Tech Index soared some 32% from a record low over two sessions. While the gauge pared some of those gains on Friday, optimism is growing, with Credit Suisse AG and HSBC Holdings Plc recommending investors look for stocks to buy in the sector.</p><p>That’s quite a u-turn in sentiment from earlier this week when JPMorgan Chase &amp; Co. analysts called those stocks“uninvestable.”</p><p>Indeed, the potential upside may be too hard to ignore. The equity risk premium, which measures the excess return that compensates investors for taking risks in an investment, is hovering near the highest since at least 2015 for Tencent Holdings Ltd. and Alibaba Group Holding Ltd., according to Bloomberg-compiled data.</p><p><b>Risk Reward</b></p><p>Equity risk premium for Tencent and Alibaba is hovering at high levels</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bf06aafe999f2aca94bc98b85681e8c\" tg-width=\"951\" tg-height=\"423\" referrerpolicy=\"no-referrer\"/><span>Source: Bloomberg</span></p><p>“This is the time to put internet names back on the radar,” said Herald van der Linde, head of Asia Pacific equity strategy at HSBC. “This is the time to look at those with good cash generation and sound businesses and pick those up.”</p><p>The easing of Beijing’s regulatory tone this week sparked a dramatic turnaround in investors’ attitude toward once-unloved technology giants in China. The fear of missing out on a rally driven by better regulatory clarity and extremely cheap valuations has lured investors. That’s after the sector lost more than 70% from peak to trough, a drawdown that’s similar to the 2000sdot-com crash.</p><p>The State Council comments shows “some of the worst-case scenarios are off the table,” Bernstein analysts including Robin Zhu wrote in a research note on Thursday. “We do not think that the sector is now ‘uninvestable’.”</p><p><img src=\"https://static.tigerbbs.com/cc8422f8f132b7cc6898e86a8917059f\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>After recent rally, the benchmark Hang Seng Tech Index is trading at almost equal to its book value, near a historical low level.</p><p>“Obviously Chinese growth is slowing like elsewhere in the world. But overall, these are still very viable, very strong, very healthy businesses,” said Ben Harburg, Beijing-based managing partner at Magic Stone Alternative Investment Ltd.</p><p>It won’t be all smooth sailing ahead, however. Morgan Stanley, which had been bearish about Chinese technology stocks from last year, warned that more fundamental signs will be needed to sustain the rally. They include a clearer exit strategy from China’s strict zero-Covid policy and easing geopolitical risks, strategists including Laura Wang wrote in note on Wednesday.</p><p><b>Tech Chart of the Day</b><img src=\"https://static.tigerbbs.com/e17ea65d779732464a37f38ff5d30981\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>Nasdaq 100 Index has been rising most of this week on the back China’s vow to support markets and as the Federal Reserve acted in-line with market expectations. Still, there’s a lot of catch-up to be done, precisely another 17% to scale the peak again.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Reversal in Chinese Internet Stocks Fuels Hopes</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\">\nBig Reversal in Chinese Internet Stocks Fuels Hopes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 19:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-03-18/big-reversal-in-chinese-internet-stocks-fuels-hopes-tech-watch?srnd=premium-asia><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A sudden turnaround in Chinese internet stocks this week is fueling optimism that the worst of the yearlong rout may finally be over.After Beijing vowed to keep stock markets stable and “rectify” ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-03-18/big-reversal-in-chinese-internet-stocks-fuels-hopes-tech-watch?srnd=premium-asia\">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",".DJI":"道琼斯","BABA":"阿里巴巴","09988":"阿里巴巴-W",".IXIC":"NASDAQ Composite","00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"https://www.bloomberg.com/news/articles/2022-03-18/big-reversal-in-chinese-internet-stocks-fuels-hopes-tech-watch?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118168713","content_text":"A sudden turnaround in Chinese internet stocks this week is fueling optimism that the worst of the yearlong rout may finally be over.After Beijing vowed to keep stock markets stable and “rectify” issues related to internet platform companies as soon as possible, the Hang Seng Tech Index soared some 32% from a record low over two sessions. While the gauge pared some of those gains on Friday, optimism is growing, with Credit Suisse AG and HSBC Holdings Plc recommending investors look for stocks to buy in the sector.That’s quite a u-turn in sentiment from earlier this week when JPMorgan Chase & Co. analysts called those stocks“uninvestable.”Indeed, the potential upside may be too hard to ignore. The equity risk premium, which measures the excess return that compensates investors for taking risks in an investment, is hovering near the highest since at least 2015 for Tencent Holdings Ltd. and Alibaba Group Holding Ltd., according to Bloomberg-compiled data.Risk RewardEquity risk premium for Tencent and Alibaba is hovering at high levelsSource: Bloomberg“This is the time to put internet names back on the radar,” said Herald van der Linde, head of Asia Pacific equity strategy at HSBC. “This is the time to look at those with good cash generation and sound businesses and pick those up.”The easing of Beijing’s regulatory tone this week sparked a dramatic turnaround in investors’ attitude toward once-unloved technology giants in China. The fear of missing out on a rally driven by better regulatory clarity and extremely cheap valuations has lured investors. That’s after the sector lost more than 70% from peak to trough, a drawdown that’s similar to the 2000sdot-com crash.The State Council comments shows “some of the worst-case scenarios are off the table,” Bernstein analysts including Robin Zhu wrote in a research note on Thursday. “We do not think that the sector is now ‘uninvestable’.”After recent rally, the benchmark Hang Seng Tech Index is trading at almost equal to its book value, near a historical low level.“Obviously Chinese growth is slowing like elsewhere in the world. But overall, these are still very viable, very strong, very healthy businesses,” said Ben Harburg, Beijing-based managing partner at Magic Stone Alternative Investment Ltd.It won’t be all smooth sailing ahead, however. Morgan Stanley, which had been bearish about Chinese technology stocks from last year, warned that more fundamental signs will be needed to sustain the rally. They include a clearer exit strategy from China’s strict zero-Covid policy and easing geopolitical risks, strategists including Laura Wang wrote in note on Wednesday.Tech Chart of the DayNasdaq 100 Index has been rising most of this week on the back China’s vow to support markets and as the Federal Reserve acted in-line with market expectations. Still, there’s a lot of catch-up to be done, precisely another 17% to scale the peak again.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"00700":0.9,"09988":0.9,"BABA":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":2397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886258885,"gmtCreate":1631598464347,"gmtModify":1676530586095,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Great! Should make their platform more user-friendly to ease all of us","listText":"Great! Should make their platform more user-friendly to ease all of us","text":"Great! Should make their platform more user-friendly to ease all of us","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/886258885","repostId":"1121338781","repostType":4,"isVote":1,"tweetType":1,"viewCount":2000,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581896632900578","authorId":"3581896632900578","name":"Baoxiaolong","avatar":"https://static.tigerbbs.com/3807f63227b4128c0ee5f1811f39e3eb","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581896632900578","idStr":"3581896632900578"},"content":"how's the platform compared to here?","text":"how's the platform compared to here?","html":"how's the platform compared to here?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883257505,"gmtCreate":1631247753907,"gmtModify":1676530508543,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Deep dive then lots of great vibes will get us these stocks!!!","listText":"Deep dive then lots of great vibes will get us these stocks!!!","text":"Deep dive then lots of great vibes will get us these stocks!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/883257505","repostId":"2166345008","repostType":4,"isVote":1,"tweetType":1,"viewCount":2095,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883028935,"gmtCreate":1631191238627,"gmtModify":1676530491906,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Currency Camouflage!","listText":"Currency Camouflage!","text":"Currency Camouflage!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/883028935","repostId":"1117582991","repostType":4,"repost":{"id":"1117582991","kind":"news","pubTimestamp":1631190269,"share":"https://ttm.financial/m/news/1117582991?lang=&edition=full_marsco","pubTime":"2021-09-09 20:24","market":"us","language":"en","title":"Funds Go Green, but Sometimes in Name Only","url":"https://stock-news.laohu8.com/highlight/detail?id=1117582991","media":"The Wall Street Journal","summary":"Companies are turning their struggling funds green to capture the flood of cash into sustainable inv","content":"<blockquote>\n <b>Companies are turning their struggling funds green to capture the flood of cash into sustainable investments.</b>\n</blockquote>\n<p>Fund companies are rebranding their out-of-fashion investment offerings as green, hoping to grab a portion of the cash pouring into sustainable products. In some cases, the rebranding has been in name only.</p>\n<p>Last year, companies that manage mutual funds and exchange-traded funds rebranded a record 25 funds as sustainable, according to Morningstar. They say these funds have adopted investment strategies that utilize data on companies’ environmental, social and governance performance to pick stocks. Since 2013, fund companies have rebranded 64 funds, which had $35 billion in assets as of June.</p>\n<p>The American Century Fundamental Equity Fund is now theSustainable Equity Fund, the USAA World Growth Fund is theUSAA Sustainable World Fundand the Putnam Multi-Cap Growth Fund is now thePutnam Sustainable Leaders Fund. Assets for all three are up since the rebrandings.</p>\n<p>Many of these funds are actively managed and were experiencing chronic outflows prior to rebranding, said Morningstar Head of Sustainability Research Jon Hale. “You have big fund companies with an inventory of funds, a lot of which aren’t really attracting assets anymore, saying ‘OK, here’s this new investment trend happening; what do we do?’” Mr. Hale said.</p>\n<p><img src=\"https://static.tigerbbs.com/0deca5624c07ced40f8886918a46f2ff\" tg-width=\"763\" tg-height=\"517\" width=\"100%\" height=\"auto\">The shift is akin to a car company freshening up a tired model. Actively managed funds, which are run by stock pickers, have been losing investor cash for years. Similar funds with a sustainable label have been raking in money, according to Morningstar.</p>\n<p>Of the 64 rebranded funds, 35 were suffering from investor withdrawals in the three years before they went green, according to a Wall Street Journal analysis of Morningstar data. At 13 of the funds, investors began putting in cash again. At 45, new cash plus the rising stock market have boosted overall assets.</p>\n<p><img src=\"https://static.tigerbbs.com/b07f0afeb7e76ae9503bbb0f58f57345\" tg-width=\"747\" tg-height=\"525\" width=\"100%\" height=\"auto\">The $1.5 billion USAA Sustainable World Fund holds nearly $100 million in shares of 47 fossil-fuel companies, according to data from shareholder advocacy group As You Sow, the most of any repurposed fund. Last year, Victory Capital Management Inc. changed the fund’s name from USAA World Growth Fund.</p>\n<p>A disclosure was added to the fund’s prospectus noting ESG ratings are considered but fund managers may disagree with a raters’ conclusion. The Sustainable World Fund continued to hold shares of companies such as mining firmRio TintoPLC and purchased shares in oil-and-gas companies after rebranding.</p>\n<p>“We believe incorporating ESG considerations into a portfolio should be an input under a larger mosaic of considerations any manager evaluates to achieve a well-balanced, diversified portfolio,” said Mannik S. Dhillon, president of VictoryShares &amp; Solutions, an investment adviser for USAA.</p>\n<p><img src=\"https://static.tigerbbs.com/b0dbd18a17b1632df436a855a968ed74\" tg-width=\"750\" tg-height=\"536\" width=\"100%\" height=\"auto\">Investors had been pulling cash out of American Century Investment’s Fundamental Equity Fund for years before its 2016 rebranding. Three years later and under a new name, the Sustainable Equity Fund brought in a net $1.7 billion.</p>\n<p>“To us, that was an affirmation that we made the right changes,” said American Century Vice President Joe Reiland. “The performance was getting better, the investment community was more interested in investing sustainably and it made us more marketable to clients.”</p>\n<p>The fund beat the S&amp;P 500 over the past five years and boasts its portfolio companies emit 67% fewer greenhouse gases than the index, according to the fund’s sustainability report. The fund dumped shares of 12 firms during the transition includingExxon MobilCorp.while adding electric-vehicle makerTeslaInc.</p>\n<p>It keptConocoPhillips,even though it is a big greenhouse-gas emitter, because it was shifting more toward sustainability, Mr. Reiland said. “After analyzing the two, ConocoPhillips was demonstrating the ability to become an ESG leader over Exxon,” Mr. Reiland said.</p>\n<p>Other companies frequently dumped by rebranded funds were oil-and-gas producerDevon EnergyCorp., tobacco firmPhilip Morris InternationalInc.and aerospace companiesGeneral DynamicsCorp.andBoeingCo., according to a Journal analysis of constituents of 43 funds with historical data.</p>\n<p>Rebranded funds typically bought tech companies such as chip makerTexas InstrumentsInc.and software makerCadence Design SystemsInc.One reason sustainable funds have done well is because technology companies have trounced energy stocks in the past few years. Nearly 70% of 286 sustainable funds ranked in the top half of their performance category last year, according to Morningstar.</p>\n<p><img src=\"https://static.tigerbbs.com/d72cd6458ddd8969b6e5d5eaa8001530\" tg-width=\"743\" tg-height=\"524\" width=\"100%\" height=\"auto\">Assets in Putnam Investments’ Putnam Multi-Cap Growth and Multi-Cap Value funds were hovering near their lowest point since the early 2000s when the company rebranded both funds.</p>\n<p>Assets of the rechristened Putnam Sustainable Leaders Fund rose by 66% to $6.5 billion as of this June. ThePutnam Sustainable Future Fundgrew its assets by 93% to $649 million, according to the Journal’s analysis. Both funds have outperformed their benchmarks and the S&amp;P 500 in the past three years after periods of mixed performance prior to rebranding.</p>\n<p>The Sustainable Future Fund underwent the most dramatic change, shifting 75% of its portfolio to focus on sustainable firms, according to Putnam’s head of sustainable investing, Katherine Collins. “There are a wide range of approaches that folks are taking in developing sustainable funds, and for Putnam it was pretty far into the heavy-lift side of things.”</p>\n<p>Stocks in energy firms like ConocoPhillips were dropped, and renewable-resource firms were added such as solar-panel makerSunrunInc.,which was a top contributor to the fund’s 2020 performance.</p>\n<p>“We’re happy not just with the numbers but with how those numbers have been generated,” Ms. Collins said.</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>Funds Go Green, but Sometimes in Name Only</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\">\nFunds Go Green, but Sometimes in Name Only\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 20:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/funds-go-green-but-sometimes-in-name-only-11631179801?mod=markets_lead_pos5><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Companies are turning their struggling funds green to capture the flood of cash into sustainable investments.\n\nFund companies are rebranding their out-of-fashion investment offerings as green, hoping ...</p>\n\n<a href=\"https://www.wsj.com/articles/funds-go-green-but-sometimes-in-name-only-11631179801?mod=markets_lead_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/funds-go-green-but-sometimes-in-name-only-11631179801?mod=markets_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117582991","content_text":"Companies are turning their struggling funds green to capture the flood of cash into sustainable investments.\n\nFund companies are rebranding their out-of-fashion investment offerings as green, hoping to grab a portion of the cash pouring into sustainable products. In some cases, the rebranding has been in name only.\nLast year, companies that manage mutual funds and exchange-traded funds rebranded a record 25 funds as sustainable, according to Morningstar. They say these funds have adopted investment strategies that utilize data on companies’ environmental, social and governance performance to pick stocks. Since 2013, fund companies have rebranded 64 funds, which had $35 billion in assets as of June.\nThe American Century Fundamental Equity Fund is now theSustainable Equity Fund, the USAA World Growth Fund is theUSAA Sustainable World Fundand the Putnam Multi-Cap Growth Fund is now thePutnam Sustainable Leaders Fund. Assets for all three are up since the rebrandings.\nMany of these funds are actively managed and were experiencing chronic outflows prior to rebranding, said Morningstar Head of Sustainability Research Jon Hale. “You have big fund companies with an inventory of funds, a lot of which aren’t really attracting assets anymore, saying ‘OK, here’s this new investment trend happening; what do we do?’” Mr. Hale said.\nThe shift is akin to a car company freshening up a tired model. Actively managed funds, which are run by stock pickers, have been losing investor cash for years. Similar funds with a sustainable label have been raking in money, according to Morningstar.\nOf the 64 rebranded funds, 35 were suffering from investor withdrawals in the three years before they went green, according to a Wall Street Journal analysis of Morningstar data. At 13 of the funds, investors began putting in cash again. At 45, new cash plus the rising stock market have boosted overall assets.\nThe $1.5 billion USAA Sustainable World Fund holds nearly $100 million in shares of 47 fossil-fuel companies, according to data from shareholder advocacy group As You Sow, the most of any repurposed fund. Last year, Victory Capital Management Inc. changed the fund’s name from USAA World Growth Fund.\nA disclosure was added to the fund’s prospectus noting ESG ratings are considered but fund managers may disagree with a raters’ conclusion. The Sustainable World Fund continued to hold shares of companies such as mining firmRio TintoPLC and purchased shares in oil-and-gas companies after rebranding.\n“We believe incorporating ESG considerations into a portfolio should be an input under a larger mosaic of considerations any manager evaluates to achieve a well-balanced, diversified portfolio,” said Mannik S. Dhillon, president of VictoryShares & Solutions, an investment adviser for USAA.\nInvestors had been pulling cash out of American Century Investment’s Fundamental Equity Fund for years before its 2016 rebranding. Three years later and under a new name, the Sustainable Equity Fund brought in a net $1.7 billion.\n“To us, that was an affirmation that we made the right changes,” said American Century Vice President Joe Reiland. “The performance was getting better, the investment community was more interested in investing sustainably and it made us more marketable to clients.”\nThe fund beat the S&P 500 over the past five years and boasts its portfolio companies emit 67% fewer greenhouse gases than the index, according to the fund’s sustainability report. The fund dumped shares of 12 firms during the transition includingExxon MobilCorp.while adding electric-vehicle makerTeslaInc.\nIt keptConocoPhillips,even though it is a big greenhouse-gas emitter, because it was shifting more toward sustainability, Mr. Reiland said. “After analyzing the two, ConocoPhillips was demonstrating the ability to become an ESG leader over Exxon,” Mr. Reiland said.\nOther companies frequently dumped by rebranded funds were oil-and-gas producerDevon EnergyCorp., tobacco firmPhilip Morris InternationalInc.and aerospace companiesGeneral DynamicsCorp.andBoeingCo., according to a Journal analysis of constituents of 43 funds with historical data.\nRebranded funds typically bought tech companies such as chip makerTexas InstrumentsInc.and software makerCadence Design SystemsInc.One reason sustainable funds have done well is because technology companies have trounced energy stocks in the past few years. Nearly 70% of 286 sustainable funds ranked in the top half of their performance category last year, according to Morningstar.\nAssets in Putnam Investments’ Putnam Multi-Cap Growth and Multi-Cap Value funds were hovering near their lowest point since the early 2000s when the company rebranded both funds.\nAssets of the rechristened Putnam Sustainable Leaders Fund rose by 66% to $6.5 billion as of this June. ThePutnam Sustainable Future Fundgrew its assets by 93% to $649 million, according to the Journal’s analysis. Both funds have outperformed their benchmarks and the S&P 500 in the past three years after periods of mixed performance prior to rebranding.\nThe Sustainable Future Fund underwent the most dramatic change, shifting 75% of its portfolio to focus on sustainable firms, according to Putnam’s head of sustainable investing, Katherine Collins. “There are a wide range of approaches that folks are taking in developing sustainable funds, and for Putnam it was pretty far into the heavy-lift side of things.”\nStocks in energy firms like ConocoPhillips were dropped, and renewable-resource firms were added such as solar-panel makerSunrunInc.,which was a top contributor to the fund’s 2020 performance.\n“We’re happy not just with the numbers but with how those numbers have been generated,” Ms. Collins said.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1007,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889580645,"gmtCreate":1631158025588,"gmtModify":1676530483153,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"\"Chipping\" all the way to the bank","listText":"\"Chipping\" all the way to the bank","text":"\"Chipping\" all the way to the bank","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889580645","repostId":"1135345797","repostType":4,"repost":{"id":"1135345797","kind":"news","pubTimestamp":1631156729,"share":"https://ttm.financial/m/news/1135345797?lang=&edition=full_marsco","pubTime":"2021-09-09 11:05","market":"us","language":"en","title":"Micron Is Too Cheap To Ignore","url":"https://stock-news.laohu8.com/highlight/detail?id=1135345797","media":"Seeking Alpha","summary":"I invest mainly in secular growth companies and would, therefore, avoid Micron because the memory and storage segment is highly cyclical.Micron is reporting strong growth in the past few quarters and this trend is expected to remain positive over the next couple of years.Micron Technology is a cyclical play within the semiconductor industry and I prefer to invest in secular growth companies, but its valuation is so cheap that it makes a very compelling investment right now.Micron is one of the l","content":"<p><b>Summary</b></p>\n<ul>\n <li>I invest mainly in secular growth companies and would, therefore, avoid Micron because the memory and storage segment is highly cyclical.</li>\n <li>Micron is reporting strong growth in the past few quarters and this trend is expected to remain positive over the next couple of years.</li>\n <li>Its valuation at less than 7x forward earnings is very undemanding and makes it a good cyclical play in the semiconductor industry.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ea6943b055b8a3f717a6e1f6c038c065\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p><b>Micron Technology</b>(MU) is a cyclical play within the semiconductor industry and I prefer to invest in secular growth companies, but its valuation is so cheap that it makes a very compelling investment right now.</p>\n<p><b>Company Overview</b></p>\n<p>Micron&nbsp;is one of the largest semiconductor companies in the world, measured by its more than $21 billion in revenues generated last year. The company is focused on the memory and storage products segment, through its DRAM, NAND and NOR technologies. By technology, DRAM is by far the most important one, being responsible for more than two thirds of Micron's revenues.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7be545bd7d6fd523fcb30ebd5c8171d1\" tg-width=\"1007\" tg-height=\"230\" referrerpolicy=\"no-referrer\"><span>Source: Micron.</span></p>\n<p>Micron was founded in 1978 and is nowadays present in some 17 countries around the world and has 13 manufacturing sites and 14 customer labs in the U.S., China&nbsp;Mainland, Taiwan and other areas. It is traded on the NASDAQ and has a market value of about $83 billion.</p>\n<p>The semiconductor industry faces fierce competition and this means that for Micron to remain competitive it must invest continuously in new products and technologies to differentiate itself from other players. Its closest competitors are&nbsp;<b>Samsung Electronics</b>(OTC:SSNLF) and SK Hynix, two companies based in South Korea, thus manufacturing costs is also an important factor for Micron to be competitive in the marketplace. According to Statista, Samsung is the largest player in this market segment, followed by SK and Micron, while other players have much smaller market shares.</p>\n<p>Even though the semiconductor industry is generally considered to be a cyclical industry, its prospects are quite good due to new technologies that are expected to boost demand over the next few years.</p>\n<p><b>Growth</b></p>\n<p>As I've analyzed in a previous article on \"ASML: A Fantastic Company For Long-Term Investors\", the semiconductor industry has very good long-term growth prospects due to several sources of innovation that should support growth for many years down the road.</p>\n<p>Modern technology is constantly changing and new developments are constantly pushing for new applications of microchips, including memory and storage. The volume of data is expected to grow strongly over the coming years, through technological advances like 5G, Big Data, autonomous vehicles, the internet of things, beyond others. This backdrop is very positive for Micron's growth, being specifically exposed to secular growth trends of AI, 5G, machine learning and autonomous vehicles.</p>\n<p>This means that Micron is directly exposed to several growth sources over the coming years and its total addressable market is expected to increase substantially over the next decade. This secular growth trend was even accelerated by the coronavirus pandemic, with demand for gaming, laptops and other products increasing rapidly, being a strong cyclical support for Micron's growth beyond its secular growth tailwinds.</p>\n<p>According to&nbsp;MarketWatch, the semiconductor memory market is expected to be around $134 in annual sales by 2027, a compounded annual growth rate of 5.9% from 2021-27. Even though this is a positive backdrop, the overall semiconductor industry is projected to grow at a CAGR of 8.6% during 2021-28, thus the memory market may not be the best sub-sector to be exposed to secular growth trends supporting this industry over the coming years. However, Micron has a higher estimate of the total available market for memory and storage by 2024, thus growth opportunities for the company may be higher than what the market is currently expecting.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58b60021e186ca242433f7923d10fbb7\" tg-width=\"380\" tg-height=\"315\" referrerpolicy=\"no-referrer\"><span>Source: Micron.</span></p>\n<p>Despite good growth prospects over the coming years, the memory and storage segment is usually considered more cyclical than other segments and costumers are structurally reluctant to enter into long-term, fixed-price commitments. This means that Micron is highly exposed to the supply/demand situation in the market and its pricing power is somewhat low over the medium to long term.</p>\n<p>Beyond that, the company also accepts orders that may be adjusted in terms of pricing by the time of shipment, showing that even in the short-term its pricing power is rather low. This is also why the company does not consider its order backlog to be a good indicator of future sales, which means that forecasting Micron's revenues and earnings in a time frame of 3-5 years is a tough exercise that most likely will be incorrect compared to the actual numbers the company will report in the succeeding periods.</p>\n<p><b>Financial Overview</b></p>\n<p>Regarding its financial performance, Micron has a mixed history showing that its business is clearly cyclical and can report strong swings on an annual basis. Indeed, even though Micron's revenues have increased at a compounded annual growth rate (CAGR) of 17.4% from fiscal years (FY) 2016-20 (which end s in September), its revenues declined by 23% in FY 2019 and 8.4% in FY 2020. Moreover, its net income is also highly volatile, reporting $14 billion in FY 2018 and only $2.7 billion in FY 2020.</p>\n<p>This clearly shows that Micron is highly exposed to the ups and downs of the market, which can change quite dramatically in a short period of time. This can also be seen by Micron's long-term trend of its EBITDA margin, which is highly volatile even though it has consistently improved over the years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/459155c1caccc19e677c71474158f979\" tg-width=\"291\" tg-height=\"286\" referrerpolicy=\"no-referrer\"><span>Source: Micron.</span></p>\n<p>More recently, Micron's business has been on a better operating momentum, to some extent driven by the pandemic, with demand for consumer electronics increasing substantially across the globe, which was a strong tailwind for the memory and storage chip market, while other segments reported lower demand, such as automotive.</p>\n<p>This mixed backdrop resulted in lower revenues during the&nbsp;FY 2020, due to a large extent from lower DRAM prices that impacted negatively Micron's revenues and gross margin, Its revenues amounted to $21.4 billion (-8.4% YoY) and its gross margin declined to 31% (vs. 46% in FY 2019). Sales of NAND products increased during the year, boosted by data center customers, but were not enough to offset weakness in the DRAM segment. Regarding costs and R&amp;D, Micron has a good discipline and these costs did not increase significantly compared to the previous year. Micron's bottom-line declined by 57% YoY to $2.7 billion, and its EPS was $2.37 (vs. $5.51 per share in FY 2019).</p>\n<p>During the first nine months of FY 2021, Micron has reported a very strong operating momentum which has enabled it to offset the loss of Huawei as a costumer due to U.S. sanctions (it represented about 12% of Micron's revenues in FY 2019).</p>\n<p>In the&nbsp;third quarter of FY 2021, its revenues were 7.4 billion (+36% YoY) boosted by DRAM that reported revenue growth of 52% YoY, due to higher volumes and prices, while NAND's revenues were up by 9% YoY. Its net income more than double from the third quarter of FY 2020, to $2.17 billion, and its net profit margin improved to 29% (vs. 17% in the same quarter of last year). Its free cash flow was $1.5 billion in the quarter, a very good level of cash flow generation compared to accounting profit.</p>\n<p>Going forward, Micron is very positive about the demand outlook in the memory segment, supported by data center costumers and new product developments that should support volume growth in the coming years. On the other hand, there is some negative sentiment in the market about future memory prices, which would be negative for the company's revenue growth in the coming quarters. For instance, a&nbsp;<b>Morgan Stanley</b>(MS) analyst has recently downgraded Micron because he expect s DRAM prices to be in a late stage cycle has the supply-demand situation is becoming more balanced.</p>\n<p>Nevertheless, according to&nbsp;analysts' estimates, Micron should report higher revenues in FY 2022 and FY 2023 (to $36.7 billion and $40 billion, respectively) and the business is only expected to slow down thereafter. Its bottom-line is estimated to go up by 86% YoY in FY 2022, but to drop in the following years, which show to some extent that Micron's current strong growth may not be sustainable over the medium term.</p>\n<p>Regarding its balance sheet, Micron has a good situation, given that its net cash position was around $3.1 billion at the end of last quarter, thus its financial profile is strong and it can return excess capital to shareholders.</p>\n<p>Indeed, Micron has performed historically share buybacks, but more recently decided to start distributing a&nbsp;dividend, which shows some confidence about the company's future business prospects and its ability to return capital to shareholders in a recurring basis. Its quarterly dividend was set at only $0.10 per share, which lead to a modest dividend yield, but the goal is to gradually increase the dividend over the next few years.</p>\n<p><b>Bottom Line</b></p>\n<p>Micron is reporting strong growth and medium-term prospects are good due to several growth trends of AI, 5G and others. However, the memory market is highly cyclical and there are some worries that its current strong trend may not last much.</p>\n<p>The semiconductor industry has secular long-term growth prospects, but in my opinion the best way to invest in this theme is through companies that have some sort of competitive advantage and pricing power, such as&nbsp;<b>ASML</b>(ASML) that has a monopoly in the EUV technology. Micron does not fit that criteria and for that reason I was inclined to avoid it.</p>\n<p>However, I find its&nbsp;valuation&nbsp;as ridiculously cheap, given that based on 2022 and 2023 earnings it is currently trading at less than 7x forward earnings. This is extremely undemanding and even if earnings estimates come down somewhat, Micron would still be trading at a much lower valuation than its peers and its own historical average (about 11.5x over the past five years).</p>\n<p>This means that even though Micron is a cyclical play within the semiconductor industry (my investment approach is to buy mainly secular growth companies), its valuation is too much cheap to ignore and upside potential looks good if pricing in the memory market remains strong. I have bought a small stake in Micron (about 3% of my portfolio) and intend to hold it for a while, but if pricing in the memory market starts to show weakness I most likely will sell my stake.</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>Micron Is Too Cheap To Ignore</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\">\nMicron Is Too Cheap To Ignore\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 11:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4453997-micron-is-too-cheap-to-ignore><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nI invest mainly in secular growth companies and would, therefore, avoid Micron because the memory and storage segment is highly cyclical.\nMicron is reporting strong growth in the past few ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453997-micron-is-too-cheap-to-ignore\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MU":"美光科技"},"source_url":"https://seekingalpha.com/article/4453997-micron-is-too-cheap-to-ignore","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135345797","content_text":"Summary\n\nI invest mainly in secular growth companies and would, therefore, avoid Micron because the memory and storage segment is highly cyclical.\nMicron is reporting strong growth in the past few quarters and this trend is expected to remain positive over the next couple of years.\nIts valuation at less than 7x forward earnings is very undemanding and makes it a good cyclical play in the semiconductor industry.\n\nSundry Photography/iStock Editorial via Getty Images\nMicron Technology(MU) is a cyclical play within the semiconductor industry and I prefer to invest in secular growth companies, but its valuation is so cheap that it makes a very compelling investment right now.\nCompany Overview\nMicron is one of the largest semiconductor companies in the world, measured by its more than $21 billion in revenues generated last year. The company is focused on the memory and storage products segment, through its DRAM, NAND and NOR technologies. By technology, DRAM is by far the most important one, being responsible for more than two thirds of Micron's revenues.\nSource: Micron.\nMicron was founded in 1978 and is nowadays present in some 17 countries around the world and has 13 manufacturing sites and 14 customer labs in the U.S., China Mainland, Taiwan and other areas. It is traded on the NASDAQ and has a market value of about $83 billion.\nThe semiconductor industry faces fierce competition and this means that for Micron to remain competitive it must invest continuously in new products and technologies to differentiate itself from other players. Its closest competitors are Samsung Electronics(OTC:SSNLF) and SK Hynix, two companies based in South Korea, thus manufacturing costs is also an important factor for Micron to be competitive in the marketplace. According to Statista, Samsung is the largest player in this market segment, followed by SK and Micron, while other players have much smaller market shares.\nEven though the semiconductor industry is generally considered to be a cyclical industry, its prospects are quite good due to new technologies that are expected to boost demand over the next few years.\nGrowth\nAs I've analyzed in a previous article on \"ASML: A Fantastic Company For Long-Term Investors\", the semiconductor industry has very good long-term growth prospects due to several sources of innovation that should support growth for many years down the road.\nModern technology is constantly changing and new developments are constantly pushing for new applications of microchips, including memory and storage. The volume of data is expected to grow strongly over the coming years, through technological advances like 5G, Big Data, autonomous vehicles, the internet of things, beyond others. This backdrop is very positive for Micron's growth, being specifically exposed to secular growth trends of AI, 5G, machine learning and autonomous vehicles.\nThis means that Micron is directly exposed to several growth sources over the coming years and its total addressable market is expected to increase substantially over the next decade. This secular growth trend was even accelerated by the coronavirus pandemic, with demand for gaming, laptops and other products increasing rapidly, being a strong cyclical support for Micron's growth beyond its secular growth tailwinds.\nAccording to MarketWatch, the semiconductor memory market is expected to be around $134 in annual sales by 2027, a compounded annual growth rate of 5.9% from 2021-27. Even though this is a positive backdrop, the overall semiconductor industry is projected to grow at a CAGR of 8.6% during 2021-28, thus the memory market may not be the best sub-sector to be exposed to secular growth trends supporting this industry over the coming years. However, Micron has a higher estimate of the total available market for memory and storage by 2024, thus growth opportunities for the company may be higher than what the market is currently expecting.\nSource: Micron.\nDespite good growth prospects over the coming years, the memory and storage segment is usually considered more cyclical than other segments and costumers are structurally reluctant to enter into long-term, fixed-price commitments. This means that Micron is highly exposed to the supply/demand situation in the market and its pricing power is somewhat low over the medium to long term.\nBeyond that, the company also accepts orders that may be adjusted in terms of pricing by the time of shipment, showing that even in the short-term its pricing power is rather low. This is also why the company does not consider its order backlog to be a good indicator of future sales, which means that forecasting Micron's revenues and earnings in a time frame of 3-5 years is a tough exercise that most likely will be incorrect compared to the actual numbers the company will report in the succeeding periods.\nFinancial Overview\nRegarding its financial performance, Micron has a mixed history showing that its business is clearly cyclical and can report strong swings on an annual basis. Indeed, even though Micron's revenues have increased at a compounded annual growth rate (CAGR) of 17.4% from fiscal years (FY) 2016-20 (which end s in September), its revenues declined by 23% in FY 2019 and 8.4% in FY 2020. Moreover, its net income is also highly volatile, reporting $14 billion in FY 2018 and only $2.7 billion in FY 2020.\nThis clearly shows that Micron is highly exposed to the ups and downs of the market, which can change quite dramatically in a short period of time. This can also be seen by Micron's long-term trend of its EBITDA margin, which is highly volatile even though it has consistently improved over the years.\nSource: Micron.\nMore recently, Micron's business has been on a better operating momentum, to some extent driven by the pandemic, with demand for consumer electronics increasing substantially across the globe, which was a strong tailwind for the memory and storage chip market, while other segments reported lower demand, such as automotive.\nThis mixed backdrop resulted in lower revenues during the FY 2020, due to a large extent from lower DRAM prices that impacted negatively Micron's revenues and gross margin, Its revenues amounted to $21.4 billion (-8.4% YoY) and its gross margin declined to 31% (vs. 46% in FY 2019). Sales of NAND products increased during the year, boosted by data center customers, but were not enough to offset weakness in the DRAM segment. Regarding costs and R&D, Micron has a good discipline and these costs did not increase significantly compared to the previous year. Micron's bottom-line declined by 57% YoY to $2.7 billion, and its EPS was $2.37 (vs. $5.51 per share in FY 2019).\nDuring the first nine months of FY 2021, Micron has reported a very strong operating momentum which has enabled it to offset the loss of Huawei as a costumer due to U.S. sanctions (it represented about 12% of Micron's revenues in FY 2019).\nIn the third quarter of FY 2021, its revenues were 7.4 billion (+36% YoY) boosted by DRAM that reported revenue growth of 52% YoY, due to higher volumes and prices, while NAND's revenues were up by 9% YoY. Its net income more than double from the third quarter of FY 2020, to $2.17 billion, and its net profit margin improved to 29% (vs. 17% in the same quarter of last year). Its free cash flow was $1.5 billion in the quarter, a very good level of cash flow generation compared to accounting profit.\nGoing forward, Micron is very positive about the demand outlook in the memory segment, supported by data center costumers and new product developments that should support volume growth in the coming years. On the other hand, there is some negative sentiment in the market about future memory prices, which would be negative for the company's revenue growth in the coming quarters. For instance, a Morgan Stanley(MS) analyst has recently downgraded Micron because he expect s DRAM prices to be in a late stage cycle has the supply-demand situation is becoming more balanced.\nNevertheless, according to analysts' estimates, Micron should report higher revenues in FY 2022 and FY 2023 (to $36.7 billion and $40 billion, respectively) and the business is only expected to slow down thereafter. Its bottom-line is estimated to go up by 86% YoY in FY 2022, but to drop in the following years, which show to some extent that Micron's current strong growth may not be sustainable over the medium term.\nRegarding its balance sheet, Micron has a good situation, given that its net cash position was around $3.1 billion at the end of last quarter, thus its financial profile is strong and it can return excess capital to shareholders.\nIndeed, Micron has performed historically share buybacks, but more recently decided to start distributing a dividend, which shows some confidence about the company's future business prospects and its ability to return capital to shareholders in a recurring basis. Its quarterly dividend was set at only $0.10 per share, which lead to a modest dividend yield, but the goal is to gradually increase the dividend over the next few years.\nBottom Line\nMicron is reporting strong growth and medium-term prospects are good due to several growth trends of AI, 5G and others. However, the memory market is highly cyclical and there are some worries that its current strong trend may not last much.\nThe semiconductor industry has secular long-term growth prospects, but in my opinion the best way to invest in this theme is through companies that have some sort of competitive advantage and pricing power, such as ASML(ASML) that has a monopoly in the EUV technology. Micron does not fit that criteria and for that reason I was inclined to avoid it.\nHowever, I find its valuation as ridiculously cheap, given that based on 2022 and 2023 earnings it is currently trading at less than 7x forward earnings. This is extremely undemanding and even if earnings estimates come down somewhat, Micron would still be trading at a much lower valuation than its peers and its own historical average (about 11.5x over the past five years).\nThis means that even though Micron is a cyclical play within the semiconductor industry (my investment approach is to buy mainly secular growth companies), its valuation is too much cheap to ignore and upside potential looks good if pricing in the memory market remains strong. I have bought a small stake in Micron (about 3% of my portfolio) and intend to hold it for a while, but if pricing in the memory market starts to show weakness I most likely will sell my stake.","news_type":1,"symbols_score_info":{"MU":0.9}},"isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811666777,"gmtCreate":1630317916999,"gmtModify":1676530266971,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Three freaking hours! Sheez! Over my dead body","listText":"Three freaking hours! Sheez! Over my dead body","text":"Three freaking hours! Sheez! 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It's enormously huge appetite","listText":"Get real will ya? It's enormously huge appetite","text":"Get real will ya? It's enormously huge appetite","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839048830","repostId":"1145442681","repostType":4,"isVote":1,"tweetType":1,"viewCount":875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893976358,"gmtCreate":1628234307674,"gmtModify":1703503660656,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Skillz has its name implies = SKILL","listText":"Skillz has its name implies = SKILL","text":"Skillz has its name implies = SKILL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/893976358","repostId":"2157837430","repostType":4,"isVote":1,"tweetType":1,"viewCount":1101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899007869,"gmtCreate":1628139493451,"gmtModify":1703501968458,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Quote - Old ginger still \"HOT\"","listText":"Quote - Old ginger still \"HOT\"","text":"Quote - Old ginger still \"HOT\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899007869","repostId":"1169931259","repostType":4,"isVote":1,"tweetType":1,"viewCount":741,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890970346,"gmtCreate":1628080173685,"gmtModify":1703500797498,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Giddy-up baby!","listText":"Giddy-up baby!","text":"Giddy-up baby!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/890970346","repostId":"1100026966","repostType":4,"isVote":1,"tweetType":1,"viewCount":975,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804665254,"gmtCreate":1627954611978,"gmtModify":1703498475444,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Jeff unintentionally puncture market ozone, whoops ?!","listText":"Jeff unintentionally puncture market ozone, whoops ?!","text":"Jeff unintentionally puncture market ozone, whoops ?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804665254","repostId":"1159936560","repostType":4,"isVote":1,"tweetType":1,"viewCount":697,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":811666777,"gmtCreate":1630317916999,"gmtModify":1676530266971,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Three freaking hours! Sheez! Over my dead body","listText":"Three freaking hours! Sheez! Over my dead body","text":"Three freaking hours! Sheez! Over my dead body","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/811666777","repostId":"1103245806","repostType":4,"isVote":1,"tweetType":1,"viewCount":1049,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3582883416532133","authorId":"3582883416532133","name":"NewbieLeo","avatar":"https://static.tigerbbs.com/1d67674084088d7a0f8f4d8152ba870e","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3582883416532133","idStr":"3582883416532133"},"content":"omg curb even on gaming hours. the chinese market is seriously gonna get curbed","text":"omg curb even on gaming hours. the chinese market is seriously gonna get curbed","html":"omg curb even on gaming hours. the chinese market is seriously gonna get curbed"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886258885,"gmtCreate":1631598464347,"gmtModify":1676530586095,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Great! Should make their platform more user-friendly to ease all of us","listText":"Great! Should make their platform more user-friendly to ease all of us","text":"Great! Should make their platform more user-friendly to ease all of us","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/886258885","repostId":"1121338781","repostType":4,"isVote":1,"tweetType":1,"viewCount":2000,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581896632900578","authorId":"3581896632900578","name":"Baoxiaolong","avatar":"https://static.tigerbbs.com/3807f63227b4128c0ee5f1811f39e3eb","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581896632900578","idStr":"3581896632900578"},"content":"how's the platform compared to here?","text":"how's the platform compared to here?","html":"how's the platform compared to here?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124098175,"gmtCreate":1624703322097,"gmtModify":1703843906110,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Apple has FANGs&nbsp; ... Lookout","listText":"Apple has FANGs&nbsp; ... Lookout","text":"Apple has FANGs ... Lookout","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/124098175","repostId":"1108941456","repostType":4,"isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883257505,"gmtCreate":1631247753907,"gmtModify":1676530508543,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Deep dive then lots of great vibes will get us these stocks!!!","listText":"Deep dive then lots of great vibes will get us these stocks!!!","text":"Deep dive then lots of great vibes will get us these stocks!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/883257505","repostId":"2166345008","repostType":4,"isVote":1,"tweetType":1,"viewCount":2095,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803010936,"gmtCreate":1627396125525,"gmtModify":1703489158480,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Oh! Get a life","listText":"Oh! Get a life","text":"Oh! Get a life","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803010936","repostId":"2154156259","repostType":4,"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":297699742265640,"gmtCreate":1713709390357,"gmtModify":1713709395149,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Alternative clarity for life","listText":"Alternative clarity for life","text":"Alternative clarity for life","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/297699742265640","isVote":1,"tweetType":1,"viewCount":1905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922686607,"gmtCreate":1671757682310,"gmtModify":1676538587951,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Merry Ho Ho Huat:)","listText":"Merry Ho Ho Huat:)","text":"Merry Ho Ho Huat:)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922686607","repostId":"1192326933","repostType":2,"isVote":1,"tweetType":1,"viewCount":1443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893976358,"gmtCreate":1628234307674,"gmtModify":1703503660656,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Skillz has its name implies = SKILL","listText":"Skillz has its name implies = SKILL","text":"Skillz has its name implies = SKILL","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/893976358","repostId":"2157837430","repostType":4,"isVote":1,"tweetType":1,"viewCount":1101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035230360,"gmtCreate":1647603852653,"gmtModify":1676534249790,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Relief - hopefully last","listText":"Relief - hopefully last","text":"Relief - hopefully last","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9035230360","repostId":"1118168713","repostType":2,"repost":{"id":"1118168713","kind":"news","pubTimestamp":1647603110,"share":"https://ttm.financial/m/news/1118168713?lang=&edition=full_marsco","pubTime":"2022-03-18 19:31","market":"us","language":"en","title":"Big Reversal in Chinese Internet Stocks Fuels Hopes","url":"https://stock-news.laohu8.com/highlight/detail?id=1118168713","media":"bloomberg","summary":"A sudden turnaround in Chinese internet stocks this week is fueling optimism that the worst of the y","content":"<html><head></head><body><p>A sudden turnaround in Chinese internet stocks this week is fueling optimism that the worst of the yearlong rout may finally be over.</p><p>After Beijing vowed to keep stock markets stable and “rectify” issues related to internet platform companies as soon as possible, the Hang Seng Tech Index soared some 32% from a record low over two sessions. While the gauge pared some of those gains on Friday, optimism is growing, with Credit Suisse AG and HSBC Holdings Plc recommending investors look for stocks to buy in the sector.</p><p>That’s quite a u-turn in sentiment from earlier this week when JPMorgan Chase &amp; Co. analysts called those stocks“uninvestable.”</p><p>Indeed, the potential upside may be too hard to ignore. The equity risk premium, which measures the excess return that compensates investors for taking risks in an investment, is hovering near the highest since at least 2015 for Tencent Holdings Ltd. and Alibaba Group Holding Ltd., according to Bloomberg-compiled data.</p><p><b>Risk Reward</b></p><p>Equity risk premium for Tencent and Alibaba is hovering at high levels</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9bf06aafe999f2aca94bc98b85681e8c\" tg-width=\"951\" tg-height=\"423\" referrerpolicy=\"no-referrer\"/><span>Source: Bloomberg</span></p><p>“This is the time to put internet names back on the radar,” said Herald van der Linde, head of Asia Pacific equity strategy at HSBC. “This is the time to look at those with good cash generation and sound businesses and pick those up.”</p><p>The easing of Beijing’s regulatory tone this week sparked a dramatic turnaround in investors’ attitude toward once-unloved technology giants in China. The fear of missing out on a rally driven by better regulatory clarity and extremely cheap valuations has lured investors. That’s after the sector lost more than 70% from peak to trough, a drawdown that’s similar to the 2000sdot-com crash.</p><p>The State Council comments shows “some of the worst-case scenarios are off the table,” Bernstein analysts including Robin Zhu wrote in a research note on Thursday. “We do not think that the sector is now ‘uninvestable’.”</p><p><img src=\"https://static.tigerbbs.com/cc8422f8f132b7cc6898e86a8917059f\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>After recent rally, the benchmark Hang Seng Tech Index is trading at almost equal to its book value, near a historical low level.</p><p>“Obviously Chinese growth is slowing like elsewhere in the world. But overall, these are still very viable, very strong, very healthy businesses,” said Ben Harburg, Beijing-based managing partner at Magic Stone Alternative Investment Ltd.</p><p>It won’t be all smooth sailing ahead, however. Morgan Stanley, which had been bearish about Chinese technology stocks from last year, warned that more fundamental signs will be needed to sustain the rally. They include a clearer exit strategy from China’s strict zero-Covid policy and easing geopolitical risks, strategists including Laura Wang wrote in note on Wednesday.</p><p><b>Tech Chart of the Day</b><img src=\"https://static.tigerbbs.com/e17ea65d779732464a37f38ff5d30981\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"/></p><p>Nasdaq 100 Index has been rising most of this week on the back China’s vow to support markets and as the Federal Reserve acted in-line with market expectations. Still, there’s a lot of catch-up to be done, precisely another 17% to scale the peak again.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Big Reversal in Chinese Internet Stocks Fuels Hopes</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\">\nBig Reversal in Chinese Internet Stocks Fuels Hopes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 19:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-03-18/big-reversal-in-chinese-internet-stocks-fuels-hopes-tech-watch?srnd=premium-asia><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A sudden turnaround in Chinese internet stocks this week is fueling optimism that the worst of the yearlong rout may finally be over.After Beijing vowed to keep stock markets stable and “rectify” ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-03-18/big-reversal-in-chinese-internet-stocks-fuels-hopes-tech-watch?srnd=premium-asia\">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",".DJI":"道琼斯","BABA":"阿里巴巴","09988":"阿里巴巴-W",".IXIC":"NASDAQ Composite","00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"https://www.bloomberg.com/news/articles/2022-03-18/big-reversal-in-chinese-internet-stocks-fuels-hopes-tech-watch?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118168713","content_text":"A sudden turnaround in Chinese internet stocks this week is fueling optimism that the worst of the yearlong rout may finally be over.After Beijing vowed to keep stock markets stable and “rectify” issues related to internet platform companies as soon as possible, the Hang Seng Tech Index soared some 32% from a record low over two sessions. While the gauge pared some of those gains on Friday, optimism is growing, with Credit Suisse AG and HSBC Holdings Plc recommending investors look for stocks to buy in the sector.That’s quite a u-turn in sentiment from earlier this week when JPMorgan Chase & Co. analysts called those stocks“uninvestable.”Indeed, the potential upside may be too hard to ignore. The equity risk premium, which measures the excess return that compensates investors for taking risks in an investment, is hovering near the highest since at least 2015 for Tencent Holdings Ltd. and Alibaba Group Holding Ltd., according to Bloomberg-compiled data.Risk RewardEquity risk premium for Tencent and Alibaba is hovering at high levelsSource: Bloomberg“This is the time to put internet names back on the radar,” said Herald van der Linde, head of Asia Pacific equity strategy at HSBC. “This is the time to look at those with good cash generation and sound businesses and pick those up.”The easing of Beijing’s regulatory tone this week sparked a dramatic turnaround in investors’ attitude toward once-unloved technology giants in China. The fear of missing out on a rally driven by better regulatory clarity and extremely cheap valuations has lured investors. That’s after the sector lost more than 70% from peak to trough, a drawdown that’s similar to the 2000sdot-com crash.The State Council comments shows “some of the worst-case scenarios are off the table,” Bernstein analysts including Robin Zhu wrote in a research note on Thursday. “We do not think that the sector is now ‘uninvestable’.”After recent rally, the benchmark Hang Seng Tech Index is trading at almost equal to its book value, near a historical low level.“Obviously Chinese growth is slowing like elsewhere in the world. But overall, these are still very viable, very strong, very healthy businesses,” said Ben Harburg, Beijing-based managing partner at Magic Stone Alternative Investment Ltd.It won’t be all smooth sailing ahead, however. Morgan Stanley, which had been bearish about Chinese technology stocks from last year, warned that more fundamental signs will be needed to sustain the rally. They include a clearer exit strategy from China’s strict zero-Covid policy and easing geopolitical risks, strategists including Laura Wang wrote in note on Wednesday.Tech Chart of the DayNasdaq 100 Index has been rising most of this week on the back China’s vow to support markets and as the Federal Reserve acted in-line with market expectations. Still, there’s a lot of catch-up to be done, precisely another 17% to scale the peak again.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"00700":0.9,"09988":0.9,"BABA":0.9,"TCEHY":0.9}},"isVote":1,"tweetType":1,"viewCount":2397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191433128,"gmtCreate":1620896935264,"gmtModify":1704350070350,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Care for early warning system? Will notch tis","listText":"Care for early warning system? Will notch tis","text":"Care for early warning system? Will notch tis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/191433128","repostId":"1186620588","repostType":4,"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889580645,"gmtCreate":1631158025588,"gmtModify":1676530483153,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"\"Chipping\" all the way to the bank","listText":"\"Chipping\" all the way to the bank","text":"\"Chipping\" all the way to the bank","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889580645","repostId":"1135345797","repostType":4,"repost":{"id":"1135345797","kind":"news","pubTimestamp":1631156729,"share":"https://ttm.financial/m/news/1135345797?lang=&edition=full_marsco","pubTime":"2021-09-09 11:05","market":"us","language":"en","title":"Micron Is Too Cheap To Ignore","url":"https://stock-news.laohu8.com/highlight/detail?id=1135345797","media":"Seeking Alpha","summary":"I invest mainly in secular growth companies and would, therefore, avoid Micron because the memory and storage segment is highly cyclical.Micron is reporting strong growth in the past few quarters and this trend is expected to remain positive over the next couple of years.Micron Technology is a cyclical play within the semiconductor industry and I prefer to invest in secular growth companies, but its valuation is so cheap that it makes a very compelling investment right now.Micron is one of the l","content":"<p><b>Summary</b></p>\n<ul>\n <li>I invest mainly in secular growth companies and would, therefore, avoid Micron because the memory and storage segment is highly cyclical.</li>\n <li>Micron is reporting strong growth in the past few quarters and this trend is expected to remain positive over the next couple of years.</li>\n <li>Its valuation at less than 7x forward earnings is very undemanding and makes it a good cyclical play in the semiconductor industry.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ea6943b055b8a3f717a6e1f6c038c065\" tg-width=\"1536\" tg-height=\"1025\" referrerpolicy=\"no-referrer\"><span>Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p><b>Micron Technology</b>(MU) is a cyclical play within the semiconductor industry and I prefer to invest in secular growth companies, but its valuation is so cheap that it makes a very compelling investment right now.</p>\n<p><b>Company Overview</b></p>\n<p>Micron&nbsp;is one of the largest semiconductor companies in the world, measured by its more than $21 billion in revenues generated last year. The company is focused on the memory and storage products segment, through its DRAM, NAND and NOR technologies. By technology, DRAM is by far the most important one, being responsible for more than two thirds of Micron's revenues.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7be545bd7d6fd523fcb30ebd5c8171d1\" tg-width=\"1007\" tg-height=\"230\" referrerpolicy=\"no-referrer\"><span>Source: Micron.</span></p>\n<p>Micron was founded in 1978 and is nowadays present in some 17 countries around the world and has 13 manufacturing sites and 14 customer labs in the U.S., China&nbsp;Mainland, Taiwan and other areas. It is traded on the NASDAQ and has a market value of about $83 billion.</p>\n<p>The semiconductor industry faces fierce competition and this means that for Micron to remain competitive it must invest continuously in new products and technologies to differentiate itself from other players. Its closest competitors are&nbsp;<b>Samsung Electronics</b>(OTC:SSNLF) and SK Hynix, two companies based in South Korea, thus manufacturing costs is also an important factor for Micron to be competitive in the marketplace. According to Statista, Samsung is the largest player in this market segment, followed by SK and Micron, while other players have much smaller market shares.</p>\n<p>Even though the semiconductor industry is generally considered to be a cyclical industry, its prospects are quite good due to new technologies that are expected to boost demand over the next few years.</p>\n<p><b>Growth</b></p>\n<p>As I've analyzed in a previous article on \"ASML: A Fantastic Company For Long-Term Investors\", the semiconductor industry has very good long-term growth prospects due to several sources of innovation that should support growth for many years down the road.</p>\n<p>Modern technology is constantly changing and new developments are constantly pushing for new applications of microchips, including memory and storage. The volume of data is expected to grow strongly over the coming years, through technological advances like 5G, Big Data, autonomous vehicles, the internet of things, beyond others. This backdrop is very positive for Micron's growth, being specifically exposed to secular growth trends of AI, 5G, machine learning and autonomous vehicles.</p>\n<p>This means that Micron is directly exposed to several growth sources over the coming years and its total addressable market is expected to increase substantially over the next decade. This secular growth trend was even accelerated by the coronavirus pandemic, with demand for gaming, laptops and other products increasing rapidly, being a strong cyclical support for Micron's growth beyond its secular growth tailwinds.</p>\n<p>According to&nbsp;MarketWatch, the semiconductor memory market is expected to be around $134 in annual sales by 2027, a compounded annual growth rate of 5.9% from 2021-27. Even though this is a positive backdrop, the overall semiconductor industry is projected to grow at a CAGR of 8.6% during 2021-28, thus the memory market may not be the best sub-sector to be exposed to secular growth trends supporting this industry over the coming years. However, Micron has a higher estimate of the total available market for memory and storage by 2024, thus growth opportunities for the company may be higher than what the market is currently expecting.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/58b60021e186ca242433f7923d10fbb7\" tg-width=\"380\" tg-height=\"315\" referrerpolicy=\"no-referrer\"><span>Source: Micron.</span></p>\n<p>Despite good growth prospects over the coming years, the memory and storage segment is usually considered more cyclical than other segments and costumers are structurally reluctant to enter into long-term, fixed-price commitments. This means that Micron is highly exposed to the supply/demand situation in the market and its pricing power is somewhat low over the medium to long term.</p>\n<p>Beyond that, the company also accepts orders that may be adjusted in terms of pricing by the time of shipment, showing that even in the short-term its pricing power is rather low. This is also why the company does not consider its order backlog to be a good indicator of future sales, which means that forecasting Micron's revenues and earnings in a time frame of 3-5 years is a tough exercise that most likely will be incorrect compared to the actual numbers the company will report in the succeeding periods.</p>\n<p><b>Financial Overview</b></p>\n<p>Regarding its financial performance, Micron has a mixed history showing that its business is clearly cyclical and can report strong swings on an annual basis. Indeed, even though Micron's revenues have increased at a compounded annual growth rate (CAGR) of 17.4% from fiscal years (FY) 2016-20 (which end s in September), its revenues declined by 23% in FY 2019 and 8.4% in FY 2020. Moreover, its net income is also highly volatile, reporting $14 billion in FY 2018 and only $2.7 billion in FY 2020.</p>\n<p>This clearly shows that Micron is highly exposed to the ups and downs of the market, which can change quite dramatically in a short period of time. This can also be seen by Micron's long-term trend of its EBITDA margin, which is highly volatile even though it has consistently improved over the years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/459155c1caccc19e677c71474158f979\" tg-width=\"291\" tg-height=\"286\" referrerpolicy=\"no-referrer\"><span>Source: Micron.</span></p>\n<p>More recently, Micron's business has been on a better operating momentum, to some extent driven by the pandemic, with demand for consumer electronics increasing substantially across the globe, which was a strong tailwind for the memory and storage chip market, while other segments reported lower demand, such as automotive.</p>\n<p>This mixed backdrop resulted in lower revenues during the&nbsp;FY 2020, due to a large extent from lower DRAM prices that impacted negatively Micron's revenues and gross margin, Its revenues amounted to $21.4 billion (-8.4% YoY) and its gross margin declined to 31% (vs. 46% in FY 2019). Sales of NAND products increased during the year, boosted by data center customers, but were not enough to offset weakness in the DRAM segment. Regarding costs and R&amp;D, Micron has a good discipline and these costs did not increase significantly compared to the previous year. Micron's bottom-line declined by 57% YoY to $2.7 billion, and its EPS was $2.37 (vs. $5.51 per share in FY 2019).</p>\n<p>During the first nine months of FY 2021, Micron has reported a very strong operating momentum which has enabled it to offset the loss of Huawei as a costumer due to U.S. sanctions (it represented about 12% of Micron's revenues in FY 2019).</p>\n<p>In the&nbsp;third quarter of FY 2021, its revenues were 7.4 billion (+36% YoY) boosted by DRAM that reported revenue growth of 52% YoY, due to higher volumes and prices, while NAND's revenues were up by 9% YoY. Its net income more than double from the third quarter of FY 2020, to $2.17 billion, and its net profit margin improved to 29% (vs. 17% in the same quarter of last year). Its free cash flow was $1.5 billion in the quarter, a very good level of cash flow generation compared to accounting profit.</p>\n<p>Going forward, Micron is very positive about the demand outlook in the memory segment, supported by data center costumers and new product developments that should support volume growth in the coming years. On the other hand, there is some negative sentiment in the market about future memory prices, which would be negative for the company's revenue growth in the coming quarters. For instance, a&nbsp;<b>Morgan Stanley</b>(MS) analyst has recently downgraded Micron because he expect s DRAM prices to be in a late stage cycle has the supply-demand situation is becoming more balanced.</p>\n<p>Nevertheless, according to&nbsp;analysts' estimates, Micron should report higher revenues in FY 2022 and FY 2023 (to $36.7 billion and $40 billion, respectively) and the business is only expected to slow down thereafter. Its bottom-line is estimated to go up by 86% YoY in FY 2022, but to drop in the following years, which show to some extent that Micron's current strong growth may not be sustainable over the medium term.</p>\n<p>Regarding its balance sheet, Micron has a good situation, given that its net cash position was around $3.1 billion at the end of last quarter, thus its financial profile is strong and it can return excess capital to shareholders.</p>\n<p>Indeed, Micron has performed historically share buybacks, but more recently decided to start distributing a&nbsp;dividend, which shows some confidence about the company's future business prospects and its ability to return capital to shareholders in a recurring basis. Its quarterly dividend was set at only $0.10 per share, which lead to a modest dividend yield, but the goal is to gradually increase the dividend over the next few years.</p>\n<p><b>Bottom Line</b></p>\n<p>Micron is reporting strong growth and medium-term prospects are good due to several growth trends of AI, 5G and others. However, the memory market is highly cyclical and there are some worries that its current strong trend may not last much.</p>\n<p>The semiconductor industry has secular long-term growth prospects, but in my opinion the best way to invest in this theme is through companies that have some sort of competitive advantage and pricing power, such as&nbsp;<b>ASML</b>(ASML) that has a monopoly in the EUV technology. Micron does not fit that criteria and for that reason I was inclined to avoid it.</p>\n<p>However, I find its&nbsp;valuation&nbsp;as ridiculously cheap, given that based on 2022 and 2023 earnings it is currently trading at less than 7x forward earnings. This is extremely undemanding and even if earnings estimates come down somewhat, Micron would still be trading at a much lower valuation than its peers and its own historical average (about 11.5x over the past five years).</p>\n<p>This means that even though Micron is a cyclical play within the semiconductor industry (my investment approach is to buy mainly secular growth companies), its valuation is too much cheap to ignore and upside potential looks good if pricing in the memory market remains strong. I have bought a small stake in Micron (about 3% of my portfolio) and intend to hold it for a while, but if pricing in the memory market starts to show weakness I most likely will sell my stake.</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>Micron Is Too Cheap To Ignore</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\">\nMicron Is Too Cheap To Ignore\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 11:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4453997-micron-is-too-cheap-to-ignore><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nI invest mainly in secular growth companies and would, therefore, avoid Micron because the memory and storage segment is highly cyclical.\nMicron is reporting strong growth in the past few ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453997-micron-is-too-cheap-to-ignore\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MU":"美光科技"},"source_url":"https://seekingalpha.com/article/4453997-micron-is-too-cheap-to-ignore","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135345797","content_text":"Summary\n\nI invest mainly in secular growth companies and would, therefore, avoid Micron because the memory and storage segment is highly cyclical.\nMicron is reporting strong growth in the past few quarters and this trend is expected to remain positive over the next couple of years.\nIts valuation at less than 7x forward earnings is very undemanding and makes it a good cyclical play in the semiconductor industry.\n\nSundry Photography/iStock Editorial via Getty Images\nMicron Technology(MU) is a cyclical play within the semiconductor industry and I prefer to invest in secular growth companies, but its valuation is so cheap that it makes a very compelling investment right now.\nCompany Overview\nMicron is one of the largest semiconductor companies in the world, measured by its more than $21 billion in revenues generated last year. The company is focused on the memory and storage products segment, through its DRAM, NAND and NOR technologies. By technology, DRAM is by far the most important one, being responsible for more than two thirds of Micron's revenues.\nSource: Micron.\nMicron was founded in 1978 and is nowadays present in some 17 countries around the world and has 13 manufacturing sites and 14 customer labs in the U.S., China Mainland, Taiwan and other areas. It is traded on the NASDAQ and has a market value of about $83 billion.\nThe semiconductor industry faces fierce competition and this means that for Micron to remain competitive it must invest continuously in new products and technologies to differentiate itself from other players. Its closest competitors are Samsung Electronics(OTC:SSNLF) and SK Hynix, two companies based in South Korea, thus manufacturing costs is also an important factor for Micron to be competitive in the marketplace. According to Statista, Samsung is the largest player in this market segment, followed by SK and Micron, while other players have much smaller market shares.\nEven though the semiconductor industry is generally considered to be a cyclical industry, its prospects are quite good due to new technologies that are expected to boost demand over the next few years.\nGrowth\nAs I've analyzed in a previous article on \"ASML: A Fantastic Company For Long-Term Investors\", the semiconductor industry has very good long-term growth prospects due to several sources of innovation that should support growth for many years down the road.\nModern technology is constantly changing and new developments are constantly pushing for new applications of microchips, including memory and storage. The volume of data is expected to grow strongly over the coming years, through technological advances like 5G, Big Data, autonomous vehicles, the internet of things, beyond others. This backdrop is very positive for Micron's growth, being specifically exposed to secular growth trends of AI, 5G, machine learning and autonomous vehicles.\nThis means that Micron is directly exposed to several growth sources over the coming years and its total addressable market is expected to increase substantially over the next decade. This secular growth trend was even accelerated by the coronavirus pandemic, with demand for gaming, laptops and other products increasing rapidly, being a strong cyclical support for Micron's growth beyond its secular growth tailwinds.\nAccording to MarketWatch, the semiconductor memory market is expected to be around $134 in annual sales by 2027, a compounded annual growth rate of 5.9% from 2021-27. Even though this is a positive backdrop, the overall semiconductor industry is projected to grow at a CAGR of 8.6% during 2021-28, thus the memory market may not be the best sub-sector to be exposed to secular growth trends supporting this industry over the coming years. However, Micron has a higher estimate of the total available market for memory and storage by 2024, thus growth opportunities for the company may be higher than what the market is currently expecting.\nSource: Micron.\nDespite good growth prospects over the coming years, the memory and storage segment is usually considered more cyclical than other segments and costumers are structurally reluctant to enter into long-term, fixed-price commitments. This means that Micron is highly exposed to the supply/demand situation in the market and its pricing power is somewhat low over the medium to long term.\nBeyond that, the company also accepts orders that may be adjusted in terms of pricing by the time of shipment, showing that even in the short-term its pricing power is rather low. This is also why the company does not consider its order backlog to be a good indicator of future sales, which means that forecasting Micron's revenues and earnings in a time frame of 3-5 years is a tough exercise that most likely will be incorrect compared to the actual numbers the company will report in the succeeding periods.\nFinancial Overview\nRegarding its financial performance, Micron has a mixed history showing that its business is clearly cyclical and can report strong swings on an annual basis. Indeed, even though Micron's revenues have increased at a compounded annual growth rate (CAGR) of 17.4% from fiscal years (FY) 2016-20 (which end s in September), its revenues declined by 23% in FY 2019 and 8.4% in FY 2020. Moreover, its net income is also highly volatile, reporting $14 billion in FY 2018 and only $2.7 billion in FY 2020.\nThis clearly shows that Micron is highly exposed to the ups and downs of the market, which can change quite dramatically in a short period of time. This can also be seen by Micron's long-term trend of its EBITDA margin, which is highly volatile even though it has consistently improved over the years.\nSource: Micron.\nMore recently, Micron's business has been on a better operating momentum, to some extent driven by the pandemic, with demand for consumer electronics increasing substantially across the globe, which was a strong tailwind for the memory and storage chip market, while other segments reported lower demand, such as automotive.\nThis mixed backdrop resulted in lower revenues during the FY 2020, due to a large extent from lower DRAM prices that impacted negatively Micron's revenues and gross margin, Its revenues amounted to $21.4 billion (-8.4% YoY) and its gross margin declined to 31% (vs. 46% in FY 2019). Sales of NAND products increased during the year, boosted by data center customers, but were not enough to offset weakness in the DRAM segment. Regarding costs and R&D, Micron has a good discipline and these costs did not increase significantly compared to the previous year. Micron's bottom-line declined by 57% YoY to $2.7 billion, and its EPS was $2.37 (vs. $5.51 per share in FY 2019).\nDuring the first nine months of FY 2021, Micron has reported a very strong operating momentum which has enabled it to offset the loss of Huawei as a costumer due to U.S. sanctions (it represented about 12% of Micron's revenues in FY 2019).\nIn the third quarter of FY 2021, its revenues were 7.4 billion (+36% YoY) boosted by DRAM that reported revenue growth of 52% YoY, due to higher volumes and prices, while NAND's revenues were up by 9% YoY. Its net income more than double from the third quarter of FY 2020, to $2.17 billion, and its net profit margin improved to 29% (vs. 17% in the same quarter of last year). Its free cash flow was $1.5 billion in the quarter, a very good level of cash flow generation compared to accounting profit.\nGoing forward, Micron is very positive about the demand outlook in the memory segment, supported by data center costumers and new product developments that should support volume growth in the coming years. On the other hand, there is some negative sentiment in the market about future memory prices, which would be negative for the company's revenue growth in the coming quarters. For instance, a Morgan Stanley(MS) analyst has recently downgraded Micron because he expect s DRAM prices to be in a late stage cycle has the supply-demand situation is becoming more balanced.\nNevertheless, according to analysts' estimates, Micron should report higher revenues in FY 2022 and FY 2023 (to $36.7 billion and $40 billion, respectively) and the business is only expected to slow down thereafter. Its bottom-line is estimated to go up by 86% YoY in FY 2022, but to drop in the following years, which show to some extent that Micron's current strong growth may not be sustainable over the medium term.\nRegarding its balance sheet, Micron has a good situation, given that its net cash position was around $3.1 billion at the end of last quarter, thus its financial profile is strong and it can return excess capital to shareholders.\nIndeed, Micron has performed historically share buybacks, but more recently decided to start distributing a dividend, which shows some confidence about the company's future business prospects and its ability to return capital to shareholders in a recurring basis. Its quarterly dividend was set at only $0.10 per share, which lead to a modest dividend yield, but the goal is to gradually increase the dividend over the next few years.\nBottom Line\nMicron is reporting strong growth and medium-term prospects are good due to several growth trends of AI, 5G and others. However, the memory market is highly cyclical and there are some worries that its current strong trend may not last much.\nThe semiconductor industry has secular long-term growth prospects, but in my opinion the best way to invest in this theme is through companies that have some sort of competitive advantage and pricing power, such as ASML(ASML) that has a monopoly in the EUV technology. Micron does not fit that criteria and for that reason I was inclined to avoid it.\nHowever, I find its valuation as ridiculously cheap, given that based on 2022 and 2023 earnings it is currently trading at less than 7x forward earnings. This is extremely undemanding and even if earnings estimates come down somewhat, Micron would still be trading at a much lower valuation than its peers and its own historical average (about 11.5x over the past five years).\nThis means that even though Micron is a cyclical play within the semiconductor industry (my investment approach is to buy mainly secular growth companies), its valuation is too much cheap to ignore and upside potential looks good if pricing in the memory market remains strong. I have bought a small stake in Micron (about 3% of my portfolio) and intend to hold it for a while, but if pricing in the memory market starts to show weakness I most likely will sell my stake.","news_type":1,"symbols_score_info":{"MU":0.9}},"isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811122606,"gmtCreate":1630299946305,"gmtModify":1676530261715,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Bet David lives up to his name - king (CASH)","listText":"Bet David lives up to his name - king (CASH)","text":"Bet David lives up to his name - king (CASH)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811122606","repostId":"1153646467","repostType":4,"isVote":1,"tweetType":1,"viewCount":1337,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140646536,"gmtCreate":1625657117425,"gmtModify":1703745761427,"author":{"id":"3574372584321621","authorId":"3574372584321621","name":"Donokane","avatar":"https://static.tigerbbs.com/b672fbcb32dfabc5e8ff43920dc4c61e","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574372584321621","idStr":"3574372584321621"},"themes":[],"htmlText":"Yeah! 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Glide offers meals, shelter, HIV and hepatitis C tests, job training and children&#39;s programs.</p><p>Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.</p><p>An eBay spokeswoman said the lunch was the most expensive item ever sold on the company&#39;s website to benefit charity.</p><p>No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.</p><p>Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.</p><p>He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.</p><p>This year&#39;s auction winner and up to seven guests will dine with Buffett at the Smith &amp; Wollensky steakhouse in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p><p>Buffett will talk about almost anything, but not where he may invest next.</p><p>Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.</p><p>Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.</p><p>Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .</p><p>Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWarren Buffett Charity Lunch Fetches Winning Bid of $19 Mln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-06-18 14:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.</p><p>The winning bid in the <a href=\"https://laohu8.com/S/EBAY\">eBay</a> auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner&#39;s identity could not immediately be determined.</p><p>Proceeds benefit Glide, a nonprofit in San Francisco&#39;s Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children&#39;s programs.</p><p>Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.</p><p>An eBay spokeswoman said the lunch was the most expensive item ever sold on the company&#39;s website to benefit charity.</p><p>No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.</p><p>Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.</p><p>He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.</p><p>This year&#39;s auction winner and up to seven guests will dine with Buffett at the Smith &amp; Wollensky steakhouse in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p><p>Buffett will talk about almost anything, but not where he may invest next.</p><p>Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.</p><p>Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.</p><p>Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .</p><p>Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4122":"互联网与直销零售","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4575":"芯片概念","BK4176":"多领域控股","BK4566":"资本集团","QNETCN":"纳斯达克中美互联网老虎指数","EBAY":"eBay","BK4505":"高瓴资本持仓","BK4515":"5G概念","BK4504":"桥水持仓","BK4559":"巴菲特持仓","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4507":"流媒体概念","BK4170":"电脑硬件、储存设备及电脑周边","BRK.A":"伯克希尔","BK4574":"无人驾驶","BK4207":"综合性银行","BRK.B":"伯克希尔B","BK4573":"虚拟现实","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","BK4532":"文艺复兴科技持仓","BK4512":"苹果概念","BK4527":"明星科技股","BK4553":"喜马拉雅资本持仓","BK4501":"段永平概念","AAPL":"苹果","BAC":"美国银行","BK4571":"数字音乐概念","BK4534":"瑞士信贷持仓","BK4576":"AR"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2244756701","content_text":"A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner's identity could not immediately be determined.Proceeds benefit Glide, a nonprofit in San Francisco's Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children's programs.Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc   , has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.An eBay spokeswoman said the lunch was the most expensive item ever sold on the company's website to benefit charity.No auctions were held in 2020 and 2021 because of the COVID-19 pandemic.Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.This year's auction winner and up to seven guests will dine with Buffett at the Smith & Wollensky steakhouse in Manhattan.Buffett will talk about almost anything, but not where he may invest next.Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc    and $Bank of America Corp(BAC-N)$   .Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.","news_type":1,"symbols_score_info":{"AAPL":0.9,"BAC":0.9,"BRK.A":0.9,"BRK.B":0.9,"EBAY":0.9,"QNETCN":0.6}},"isVote":1,"tweetType":1,"viewCount":1376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}