SilentWarrio personal page - To The Moon

SilentWarrio

SilentWarrio

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2024-02-03

Congratulations to all winners!

2023-04-11

Cool

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2023-03-18

Interesting

What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike

2022-03-01

Nice...

TSMC Shares Bucked the Trend and Rose 3% in Early Trading

2023-03-18

Interesting

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2022-06-27

$Citigroup(C)$Is this a good time to buy?

2022-03-03

Hang in there! Brighter days ahead...

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2022-01-04

Great news...

Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power

2021-08-12

Hurray!

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2022-06-08

$SIGA Technologies Inc.(SIGA)$Time to buy???

2022-03-28

Buy and hold...

3 Charts Show Why Nio Is a Buy After Earnings

2022-03-01

Not good.... maybe it's time to buy and hold

Sea Shares Fell More Than 8% in Early Trading

2022-01-13

Thank you for the information!

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2021-08-25

Interesting

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2021-08-10

3h c1ny25$g6$fxcv68y7.30$ _6HH"2÷-22:³.61x$Xmasc Z4vv vv2t77v8gxZ6bjyy

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2021-08-06

Wow!

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2022-11-20

Interesting...

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2022-03-14

Very interesting and informative article. I am more assured now buyingband holding on to SEA! Thank you!

Sea: The 75% Crash, The Earnings And A Forecast

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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1679186631,"share":"https://ttm.financial/m/news/2320584107?lang=&edition=full_marsco","pubTime":"2023-03-19 08:43","market":"us","language":"en","title":"What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2320584107","media":"Dow Jones","summary":"‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston PartnersInvestors","content":"<html><head></head><body><p>‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston Partners</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac59bb2b41ad9f787574330ce399463\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.</span></p><p>First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.</p><p>U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.</p><p>“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.</p><p>“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.</p><p>“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”</p><p>Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.</p><p>Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.</p><h2>Fear of unknown risks</h2><p>Wild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.</p><p>“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.</p><p>Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.</p><p>He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”</p><p>Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.</p><p>Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.</p><p>Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.</p><p>“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.</p><p>“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”</p><p>Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.</p><p>It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.</p><p>“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”</p><p>The Dow Jones Industrial Average shed 384 points Friday, the S&amp;P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.</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>What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike</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\">\nWhat It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-19 08:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston Partners</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac59bb2b41ad9f787574330ce399463\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.</span></p><p>First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.</p><p>U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.</p><p>“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.</p><p>“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.</p><p>“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”</p><p>Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.</p><p>Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.</p><h2>Fear of unknown risks</h2><p>Wild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.</p><p>“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.</p><p>Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.</p><p>He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”</p><p>Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.</p><p>Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.</p><p>Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.</p><p>“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.</p><p>“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”</p><p>Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.</p><p>It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.</p><p>“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”</p><p>The Dow Jones Industrial Average shed 384 points Friday, the S&amp;P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","BK4585":"ETF&股票定投概念",".IXIC":"NASDAQ Composite","LU1861217088.USD":"贝莱德金融科技A2","SBNY":"签字银行","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4588":"碎股","BK4211":"区域性银行",".SPX":"S&P 500 Index","BK4589":"SVB概念","BK4552":"Archegos爆仓风波概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4118":"综合性资本市场","BK4548":"巴美列捷福持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320584107","content_text":"‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston PartnersInvestors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.Fear of unknown risksWild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”The Dow Jones Industrial Average shed 384 points Friday, the S&P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949995228,"gmtCreate":1678286191965,"gmtModify":1678286196343,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Wwow","listText":"Wwow","text":"Wwow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949995228","repostId":"1111614361","repostType":2,"isVote":1,"tweetType":1,"viewCount":1129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954241620,"gmtCreate":1676427392861,"gmtModify":1676427396375,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954241620","repostId":"1120881613","repostType":2,"repost":{"id":"1120881613","kind":"news","pubTimestamp":1676426594,"share":"https://ttm.financial/m/news/1120881613?lang=&edition=full_marsco","pubTime":"2023-02-15 10:03","market":"sg","language":"en","title":"Thinking of Retiring? These 4 Singapore Dividend Stocks Will be Perfect for Your Portfolio","url":"https://stock-news.laohu8.com/highlight/detail?id=1120881613","media":"The Smart Investor","summary":"There are stocks suitable for every stage of your life, whether you just started work or are saddled","content":"<html><head></head><body><p>There are stocks suitable for every stage of your life, whether you just started work or are saddled with responsibilities to both your kids and your parents.</p><p>As you grow older and approach your retirement age, you seek different requirements from the stocks you own.</p><p>A key consideration is business stability and certainty as you will not want to witness the business crumbling when it encounters difficulties.</p><p>With this in mind, blue-chip stocks and recession-resistant companies should factor highly into your consideration.</p><p>In addition, you’d want to look for a steady source of passive income in the form of dividends.</p><p>These dividends will help to sustain your lifestyle as you enjoy your golden years.</p><p>Here are four stocks that are suitable for your portfolio should you choose to retire.</p><p><b>DBS Group (SGX: D05)</b></p><p>Singapore’s largest bank, DBS Group, offers a comprehensive range of banking and investment services to both individuals and corporations.</p><p>The lender is a bastion of stability as it forms one of the key pillars of Singapore’s economy.</p><p>The bank had just released a set of record-breaking financial numbers when it reported its fiscal 2022 results this week.</p><p>Total income surged to a new high of S$16.5 billion as higher interest rates lifted the group’s net interest income.</p><p>Net profit climbed 20% year on year to S$8.2 billion, with CEO Piyush Gupta stating that the bank “has a shot” at attaining its goal of S$10 billion in net profit this year.</p><p>DBS has also raised its quarterly dividend from S$0.36 to S$0.42 per share and declared a special dividend of S$0.50 in line with the strong results.</p><p>Looking ahead, the bank expects healthy mid-single-digit year-on-year loan growth for 2023 and for fee income to rise by double-digits year on year as China reopens its borders.</p><p><b>Haw Par Corporation Ltd (SGX: H02)</b></p><p>Haw Par is a conglomerate with four core divisions – healthcare, leisure, property, and investments.</p><p>The group is the owner of the iconic Tiger Balm brand, one of the world’s leading topical analgesic brands that is distributed in more than 100 countries.</p><p>Haw Par saw its net profit rebound strongly as border reopenings led to more sporting events being held worldwide, benefitting its Healthcare division’s sales and profits.</p><p>Revenue for the first half of 2022 (1H2022) jumped 45.1% year on year to S$95.5 million while net profit climbed 45.8% year on year to S$77.2 million.</p><p>Of note, the healthcare segment saw its revenue shoot up from S$57.4 million in 1H2021 to S$86.8 million in 1H2022.</p><p>Haw Par has demonstrated its resilience by generating healthy free cash flow in both 2021 and 2022.</p><p>An interim dividend of S$0.15 was paid for 1H2022.</p><p>Coupled with 2021’s final dividend of S$0.15, a total of S$0.30 per share was paid out in the last 12 months.</p><p><b>CapitaLand Integrated Commercial Trust (SGX: C38U)</b></p><p>CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT with a portfolio of 21 properties in Singapore, two in Germany, and three in Australia.</p><p>CICT’s assets under management clocked in at S$24.2 billion as of 31 December 2022.</p><p>The REIT has a strong sponsor in <b>CapitaLand Investment Limited</b>(SGX: 9CI), providing both stability and assurance to investors.</p><p>CICT reported a respectable performance for 2022, with gross revenue rising by 10.5% year on year to S$1.4 billion.</p><p>Its net property income improved by 9.7% year on year to S$1 billion while distribution per unit for 2022 increased from S$0.104 a year ago to S$0.1058.</p><p>There could be more to come as the REIT undertakes an asset enhancement initiative at Clark Quay to upgrade and restore the buildings and outdoor refreshment area.</p><p><b>Sheng Siong Group Ltd (SGX: OV8)</b></p><p>Sheng Siong is one of Singapore’s largest supermarket chains with 66 outlets across the island.</p><p>The group sells a wide variety of products including fresh and chilled produce as well as toiletries and essential household items.</p><p>The retailer’s business has proven resilient during the pandemic as heartlanders patronised its stores for food and essential items.</p><p>For the first nine months of 2022 (9M2022), Sheng Siong reported a slight 1.9% year on year dip in revenue to S$1 billion.</p><p>Net profit, however, remained flat year on year at S$100.4 million.</p><p>The group also generated healthy free cash flow for both 9M2022 and 9M2021.</p><p>An interim dividend of S$0.0315 was paid out late last year.</p><p>Together with 2021’s final dividend of S$0.031, Sheng Siong’s trailing 12-month dividend totaled S$0.625.</p></body></html>","source":"lsy1602567310727","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>Thinking of Retiring? These 4 Singapore Dividend Stocks Will be Perfect for Your Portfolio</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\">\nThinking of Retiring? These 4 Singapore Dividend Stocks Will be Perfect for Your Portfolio\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-15 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/thinking-of-retiring-these-4-singapore-dividend-stocks-will-be-perfect-for-your-portfolio/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There are stocks suitable for every stage of your life, whether you just started work or are saddled with responsibilities to both your kids and your parents.As you grow older and approach your ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/thinking-of-retiring-these-4-singapore-dividend-stocks-will-be-perfect-for-your-portfolio/\">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://thesmartinvestor.com.sg/thinking-of-retiring-these-4-singapore-dividend-stocks-will-be-perfect-for-your-portfolio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120881613","content_text":"There are stocks suitable for every stage of your life, whether you just started work or are saddled with responsibilities to both your kids and your parents.As you grow older and approach your retirement age, you seek different requirements from the stocks you own.A key consideration is business stability and certainty as you will not want to witness the business crumbling when it encounters difficulties.With this in mind, blue-chip stocks and recession-resistant companies should factor highly into your consideration.In addition, you’d want to look for a steady source of passive income in the form of dividends.These dividends will help to sustain your lifestyle as you enjoy your golden years.Here are four stocks that are suitable for your portfolio should you choose to retire.DBS Group (SGX: D05)Singapore’s largest bank, DBS Group, offers a comprehensive range of banking and investment services to both individuals and corporations.The lender is a bastion of stability as it forms one of the key pillars of Singapore’s economy.The bank had just released a set of record-breaking financial numbers when it reported its fiscal 2022 results this week.Total income surged to a new high of S$16.5 billion as higher interest rates lifted the group’s net interest income.Net profit climbed 20% year on year to S$8.2 billion, with CEO Piyush Gupta stating that the bank “has a shot” at attaining its goal of S$10 billion in net profit this year.DBS has also raised its quarterly dividend from S$0.36 to S$0.42 per share and declared a special dividend of S$0.50 in line with the strong results.Looking ahead, the bank expects healthy mid-single-digit year-on-year loan growth for 2023 and for fee income to rise by double-digits year on year as China reopens its borders.Haw Par Corporation Ltd (SGX: H02)Haw Par is a conglomerate with four core divisions – healthcare, leisure, property, and investments.The group is the owner of the iconic Tiger Balm brand, one of the world’s leading topical analgesic brands that is distributed in more than 100 countries.Haw Par saw its net profit rebound strongly as border reopenings led to more sporting events being held worldwide, benefitting its Healthcare division’s sales and profits.Revenue for the first half of 2022 (1H2022) jumped 45.1% year on year to S$95.5 million while net profit climbed 45.8% year on year to S$77.2 million.Of note, the healthcare segment saw its revenue shoot up from S$57.4 million in 1H2021 to S$86.8 million in 1H2022.Haw Par has demonstrated its resilience by generating healthy free cash flow in both 2021 and 2022.An interim dividend of S$0.15 was paid for 1H2022.Coupled with 2021’s final dividend of S$0.15, a total of S$0.30 per share was paid out in the last 12 months.CapitaLand Integrated Commercial Trust (SGX: C38U)CapitaLand Integrated Commercial Trust, or CICT, is a retail and commercial REIT with a portfolio of 21 properties in Singapore, two in Germany, and three in Australia.CICT’s assets under management clocked in at S$24.2 billion as of 31 December 2022.The REIT has a strong sponsor in CapitaLand Investment Limited(SGX: 9CI), providing both stability and assurance to investors.CICT reported a respectable performance for 2022, with gross revenue rising by 10.5% year on year to S$1.4 billion.Its net property income improved by 9.7% year on year to S$1 billion while distribution per unit for 2022 increased from S$0.104 a year ago to S$0.1058.There could be more to come as the REIT undertakes an asset enhancement initiative at Clark Quay to upgrade and restore the buildings and outdoor refreshment area.Sheng Siong Group Ltd (SGX: OV8)Sheng Siong is one of Singapore’s largest supermarket chains with 66 outlets across the island.The group sells a wide variety of products including fresh and chilled produce as well as toiletries and essential household items.The retailer’s business has proven resilient during the pandemic as heartlanders patronised its stores for food and essential items.For the first nine months of 2022 (9M2022), Sheng Siong reported a slight 1.9% year on year dip in revenue to S$1 billion.Net profit, however, remained flat year on year at S$100.4 million.The group also generated healthy free cash flow for both 9M2022 and 9M2021.An interim dividend of S$0.0315 was paid out late last year.Together with 2021’s final dividend of S$0.031, Sheng Siong’s trailing 12-month dividend totaled S$0.625.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1653,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950474792,"gmtCreate":1672825325816,"gmtModify":1676538743191,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9950474792","repostId":"2300453672","repostType":2,"repost":{"id":"2300453672","kind":"highlight","pubTimestamp":1672824300,"share":"https://ttm.financial/m/news/2300453672?lang=&edition=full_marsco","pubTime":"2023-01-04 17:25","market":"us","language":"en","title":"1 Sign Amazon's Cloud Business Could Be in Trouble","url":"https://stock-news.laohu8.com/highlight/detail?id=2300453672","media":"Motley Fool","summary":"A big slowdown in memory chip sales to cloud providers could indicate that demand for cloud computing services is weakening.","content":"<html><head></head><body><p>E-commerce giant <b>Amazon</b> launched the now-ubiquitous Amazon Web Services way back in 2006. It took a while for the concept of cloud computing to really catch on, but today, AWS is churning out over $20 billion of revenue each quarter.</p><p>And unlike Amazon&#39;s core e-commerce business, AWS sports sky-high profit margins. In the third quarter of 2022, AWS reported an operating margin of 26%.</p><p>Growth has been relentless for AWS and the cloud infrastructure market over the past decade. Start-ups are choosing cloud computing by default, and enterprises are increasingly moving workloads to the cloud. AWS has snagged around 34% of the market, becoming the default cloud provider for many businesses. In the long run, it seems likely that demand will continue to grow at a healthy pace.</p><p>However, AWS may now be facing the first substantial headwind since it emerged as the key profit engine for Amazon.</p><h2>Canary in the coal mine</h2><p>Amazon&#39;s management has already indicated that AWS customers had started to care a lot more about their cloud computing bills amid a tough economic climate. CFO Brian Olsavsky said during the third-quarter earnings call back in October: &#34;...when I talk about enterprise customers in AWS, yes, we&#39;ve been working with customers to lower their bills. We do see some of the consumers are cutting their budgets and trying to save money in the short run.&#34;</p><p>Amazon reported 27% year-over-year revenue growth for AWS in the third quarter, but Olsavsky said that growth had slowed to a mid-20% rate by the end of the quarter. For Amazon&#39;s fourth-quarter guidance, the company assumed this mid-20% growth rate would continue.</p><p>Amazon&#39;s warning about AWS customer behavior was the first indication that growth for the all-important cloud business was slowing. The latest earnings report from memory chip manufacturer <b>Micron</b> provides further evidence that a downturn for the cloud infrastructure industry is well on its way.</p><p>Micron manufactures DRAM and NAND memory chips. Although the company doesn&#39;t break out sales to data center customers, Micron is seeing those customers pull back. &#34;In data center, we expect cloud demand for memory in 2023 to grow well below the historical trend due to the significant impact of inventory reductions at key customers,&#34; said CEO Sanjay Mehrotra in the latest earnings call.</p><p>One of those mentioned key customers is almost certainly AWS, given its size. Cloud infrastructure providers built up inventories of memory chips based on growth expectations that turned out to be overly optimistic, and now they&#39;re slowing down expansion to account for weakening demand growth. Micron believes this will be an issue throughout 2023.</p><h2>AWS profits could take a hit</h2><p>Amazon&#39;s cloud business is about as capital intensive as it gets, and profitability all comes down to utilization. All the servers, chips, and networking gear that fill Amazon&#39;s data centers incur depreciation expenses regardless of whether they&#39;re being fully used. Those fixed costs are there no matter how much revenue is generated.</p><p>During times when Amazon can accurately predict future demand, it can tailor the expansion of its infrastructure to match that demand and keep utilization rates high. But if the company overestimates future demand and builds excess capacity, utilization rates can drop.</p><p>Based on what Amazon has said about customers slowing down spending and what Micron has said about depressed sales of memory chips to cloud providers throughout 2023, it seems likely that Amazon has overbuilt its cloud business to a degree. Operating margin for AWS was down about 4 percentage points year over year in the third quarter, which suggests that the company expanded too quickly.</p><p>When Amazon reports its fourth-quarter results in a month or so, investors should brace themselves for deteriorating AWS profitability. At a time when the retail side of the business is producing giant losses, disappointing results from AWS aren&#39;t going to help the stock recover.</p></body></html>","source":"fool_stock","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>1 Sign Amazon's Cloud Business Could Be in Trouble</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\">\n1 Sign Amazon's Cloud Business Could Be in Trouble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-04 17:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/01/03/1-sign-amazons-cloud-business-could-be-in-trouble/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>E-commerce giant Amazon launched the now-ubiquitous Amazon Web Services way back in 2006. It took a while for the concept of cloud computing to really catch on, but today, AWS is churning out over $20...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/03/1-sign-amazons-cloud-business-could-be-in-trouble/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2023/01/03/1-sign-amazons-cloud-business-could-be-in-trouble/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2300453672","content_text":"E-commerce giant Amazon launched the now-ubiquitous Amazon Web Services way back in 2006. It took a while for the concept of cloud computing to really catch on, but today, AWS is churning out over $20 billion of revenue each quarter.And unlike Amazon's core e-commerce business, AWS sports sky-high profit margins. In the third quarter of 2022, AWS reported an operating margin of 26%.Growth has been relentless for AWS and the cloud infrastructure market over the past decade. Start-ups are choosing cloud computing by default, and enterprises are increasingly moving workloads to the cloud. AWS has snagged around 34% of the market, becoming the default cloud provider for many businesses. In the long run, it seems likely that demand will continue to grow at a healthy pace.However, AWS may now be facing the first substantial headwind since it emerged as the key profit engine for Amazon.Canary in the coal mineAmazon's management has already indicated that AWS customers had started to care a lot more about their cloud computing bills amid a tough economic climate. CFO Brian Olsavsky said during the third-quarter earnings call back in October: \"...when I talk about enterprise customers in AWS, yes, we've been working with customers to lower their bills. We do see some of the consumers are cutting their budgets and trying to save money in the short run.\"Amazon reported 27% year-over-year revenue growth for AWS in the third quarter, but Olsavsky said that growth had slowed to a mid-20% rate by the end of the quarter. For Amazon's fourth-quarter guidance, the company assumed this mid-20% growth rate would continue.Amazon's warning about AWS customer behavior was the first indication that growth for the all-important cloud business was slowing. The latest earnings report from memory chip manufacturer Micron provides further evidence that a downturn for the cloud infrastructure industry is well on its way.Micron manufactures DRAM and NAND memory chips. Although the company doesn't break out sales to data center customers, Micron is seeing those customers pull back. \"In data center, we expect cloud demand for memory in 2023 to grow well below the historical trend due to the significant impact of inventory reductions at key customers,\" said CEO Sanjay Mehrotra in the latest earnings call.One of those mentioned key customers is almost certainly AWS, given its size. Cloud infrastructure providers built up inventories of memory chips based on growth expectations that turned out to be overly optimistic, and now they're slowing down expansion to account for weakening demand growth. Micron believes this will be an issue throughout 2023.AWS profits could take a hitAmazon's cloud business is about as capital intensive as it gets, and profitability all comes down to utilization. All the servers, chips, and networking gear that fill Amazon's data centers incur depreciation expenses regardless of whether they're being fully used. Those fixed costs are there no matter how much revenue is generated.During times when Amazon can accurately predict future demand, it can tailor the expansion of its infrastructure to match that demand and keep utilization rates high. But if the company overestimates future demand and builds excess capacity, utilization rates can drop.Based on what Amazon has said about customers slowing down spending and what Micron has said about depressed sales of memory chips to cloud providers throughout 2023, it seems likely that Amazon has overbuilt its cloud business to a degree. Operating margin for AWS was down about 4 percentage points year over year in the third quarter, which suggests that the company expanded too quickly.When Amazon reports its fourth-quarter results in a month or so, investors should brace themselves for deteriorating AWS profitability. At a time when the retail side of the business is producing giant losses, disappointing results from AWS aren't going to help the stock recover.","news_type":1},"isVote":1,"tweetType":1,"viewCount":546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9927593712,"gmtCreate":1672531616937,"gmtModify":1676538701045,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9927593712","repostId":"1169510739","repostType":4,"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922454162,"gmtCreate":1671834704356,"gmtModify":1676538600450,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922454162","repostId":"2293588795","repostType":4,"repost":{"id":"2293588795","kind":"highlight","pubTimestamp":1671804074,"share":"https://ttm.financial/m/news/2293588795?lang=&edition=full_marsco","pubTime":"2022-12-23 22:01","market":"us","language":"en","title":"Why Isn't Warren Buffett Buying Alphabet (Google) Stock Hand Over Fist?","url":"https://stock-news.laohu8.com/highlight/detail?id=2293588795","media":"Motley Fool","summary":"Buffett regrets not investing in Google earlier. He could experience regret in the future for not buying the stock now.","content":"<html><head></head><body><p>What does Warren Buffett like in a stock? You could put a solid business moat high on the list. <a href=\"https://laohu8.com/S/HTM.AU\">High</a> returns on invested capital (ROIC) would be up there, too, as would an outstanding management team. And we can&#39;t leave out an attractive valuation.</p><p>Google parent<b> Alphabet</b> checks off all of those boxes and dominates its core search market. It&#39;s a strong challenger in others, as well, notably including cloud hosting. Alphabet&#39;s ROIC consistently trounces the levels generated by Buffett&#39;s own <b>Berkshire Hathaway</b>. The company&#39;s CEO Sundar Pichai has an exceptional track record.</p><p>Then there&#39;s valuation. Alphabet stock has plunged nearly 40% year to date. It has never been this cheap, based on its projected future free cash flow. So why isn&#39;t Buffett buying Alphabet stock hand over fist?</p><h2>Buffett&#39;s initial hesitation</h2><p>There were several reasons why Buffett didn&#39;t initially buy what was then Google stock. Most importantly, he didn&#39;t think the company&#39;s business was within his circle of competence. Buffett has avoided many tech stocks for this very reason.</p><p>The legendary investor also wasn&#39;t sure about how sustainable Google&#39;s moat was. Years ago, it wasn&#39;t nearly as clear that Google would be as dominant over the long run in search as it ultimately became.</p><p>These factors undoubtedly made it challenging for Buffett to project Google&#39;s earnings and assess its valuation. He wrote to Berkshire Hathaway shareholders in 2013:</p><blockquote>We first have to decide whether we can sensibly estimate an earnings range for five years out, or more. If the answer is yes, we will buy the stock (or business) if it sells at a reasonable price in relation to the bottom boundary of our estimate. If, however, we lack the ability to estimate future earnings -- which is usually the case -- we simply move on to other prospects.</blockquote><p>Buffett followed this process with Google years ago. And using his own words, he moved on to other prospects.</p><h2>Then and now</h2><p>Does this past reluctance explain Buffett&#39;s current decision not to invest in what is now Alphabet? There&#39;s certainly an argument to be made that it shouldn&#39;t.</p><p>Back in 2017, Buffett told CNBC that he &#34;should have had better insight into Google.&#34; Berkshire&#39;s GEICO insurance was a heavy advertiser on the company&#39;s search engine. Buffett admitted that it was &#34;an extraordinary business&#34; that claimed &#34;some aspects of a natural monopoly.&#34;</p><p>Surely, the Oracle of Omaha understands Alphabet&#39;s business much better now than he did in the past. He has also gone along with his two investment managers, Ted Combs and Todd Weschler, in adding several tech stocks to Berkshire&#39;s portfolio, including <b>Amazon</b> and <b><a href=\"https://laohu8.com/S/SNOW\">Snowflake</a></b>.</p><p>However, it&#39;s quite possible that Buffett is still uneasy about projecting Alphabet&#39;s future earnings. The company&#39;s YouTube business is threatened, to some extent, by rivals such as TikTok. Some maintain that OpenAI&#39;s ChatGPT chatbot could be &#34;a Google killer.&#34;</p><h2>Toes in the water, head in the sand?</h2><p>Buffett does have his toes in the water with Alphabet. Earlier this year, Berkshire initiated a position in <b>Markel</b>, which is sometimes referred to as a &#34;baby Berkshire&#34; because of its similarities with Berkshire Hathaway. And it owns over 3.1 million shares of Alphabet.</p><p>But this indirect ownership obviously isn&#39;t in the same ballpark as Buffett buying Alphabet shares outright. So why isn&#39;t he loading up on the stock?</p><p>My view is that it&#39;s for the same reasons why he didn&#39;t buy the stock years ago. The company is still outside his circle of competence, which makes it hard for him to assess its valuation.</p><p>What&#39;s more difficult to understand, though, is why Combs and Weschler haven&#39;t moved to invest in Alphabet. The company truly does check off a lot of boxes that they, like Buffett, like to see.</p><p>TikTok and ChatGPT have a long way to go to even have a chance at knocking Alphabet off its perch. There&#39;s a real chance that TikTok could be banned in the U.S. Alphabet has its own AI chatbot, LaMDA, which some believe is more advanced than ChatGPT.</p><p>Although Buffett has his toes in the water with Alphabet, his head (or the heads of his investment managers) could be in the sand. Now appears to be a once-in-a-decade opportunity to buy this exceptional stock.</p></body></html>","source":"fool_stock","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>Why Isn't Warren Buffett Buying Alphabet (Google) Stock Hand Over Fist?</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\">\nWhy Isn't Warren Buffett Buying Alphabet (Google) Stock Hand Over Fist?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-23 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/12/22/warren-buffett-isnt-buying-alphabet-google-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What does Warren Buffett like in a stock? You could put a solid business moat high on the list. High returns on invested capital (ROIC) would be up there, too, as would an outstanding management team....</p>\n\n<a href=\"https://www.fool.com/investing/2022/12/22/warren-buffett-isnt-buying-alphabet-google-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4525":"远程办公概念","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","BK4080":"零售业房地产投资信托","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","BK4566":"资本集团","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1046421795.USD":"富达环球科技A-ACC","LU0444971666.USD":"天利全球科技基金","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","BK4538":"云计算","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","GOOGL":"谷歌A","LU0149725797.USD":"汇丰美国股市经济规模基金","GOOG":"谷歌","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU0882574139.USD":"富达环球消费行业基金A ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","BK4574":"无人驾驶","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","BK4561":"索罗斯持仓","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","BK4581":"高盛持仓","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0238689110.USD":"贝莱德环球动力股票基金","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","LU0079474960.USD":"联博美国增长基金A","BK4548":"巴美列捷福持仓","LU0056508442.USD":"贝莱德世界科技基金A2","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","BK4532":"文艺复兴科技持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD","BK4534":"瑞士信贷持仓","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC"},"source_url":"https://www.fool.com/investing/2022/12/22/warren-buffett-isnt-buying-alphabet-google-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293588795","content_text":"What does Warren Buffett like in a stock? You could put a solid business moat high on the list. High returns on invested capital (ROIC) would be up there, too, as would an outstanding management team. And we can't leave out an attractive valuation.Google parent Alphabet checks off all of those boxes and dominates its core search market. It's a strong challenger in others, as well, notably including cloud hosting. Alphabet's ROIC consistently trounces the levels generated by Buffett's own Berkshire Hathaway. The company's CEO Sundar Pichai has an exceptional track record.Then there's valuation. Alphabet stock has plunged nearly 40% year to date. It has never been this cheap, based on its projected future free cash flow. So why isn't Buffett buying Alphabet stock hand over fist?Buffett's initial hesitationThere were several reasons why Buffett didn't initially buy what was then Google stock. Most importantly, he didn't think the company's business was within his circle of competence. Buffett has avoided many tech stocks for this very reason.The legendary investor also wasn't sure about how sustainable Google's moat was. Years ago, it wasn't nearly as clear that Google would be as dominant over the long run in search as it ultimately became.These factors undoubtedly made it challenging for Buffett to project Google's earnings and assess its valuation. He wrote to Berkshire Hathaway shareholders in 2013:We first have to decide whether we can sensibly estimate an earnings range for five years out, or more. If the answer is yes, we will buy the stock (or business) if it sells at a reasonable price in relation to the bottom boundary of our estimate. If, however, we lack the ability to estimate future earnings -- which is usually the case -- we simply move on to other prospects.Buffett followed this process with Google years ago. And using his own words, he moved on to other prospects.Then and nowDoes this past reluctance explain Buffett's current decision not to invest in what is now Alphabet? There's certainly an argument to be made that it shouldn't.Back in 2017, Buffett told CNBC that he \"should have had better insight into Google.\" Berkshire's GEICO insurance was a heavy advertiser on the company's search engine. Buffett admitted that it was \"an extraordinary business\" that claimed \"some aspects of a natural monopoly.\"Surely, the Oracle of Omaha understands Alphabet's business much better now than he did in the past. He has also gone along with his two investment managers, Ted Combs and Todd Weschler, in adding several tech stocks to Berkshire's portfolio, including Amazon and Snowflake.However, it's quite possible that Buffett is still uneasy about projecting Alphabet's future earnings. The company's YouTube business is threatened, to some extent, by rivals such as TikTok. Some maintain that OpenAI's ChatGPT chatbot could be \"a Google killer.\"Toes in the water, head in the sand?Buffett does have his toes in the water with Alphabet. Earlier this year, Berkshire initiated a position in Markel, which is sometimes referred to as a \"baby Berkshire\" because of its similarities with Berkshire Hathaway. And it owns over 3.1 million shares of Alphabet.But this indirect ownership obviously isn't in the same ballpark as Buffett buying Alphabet shares outright. So why isn't he loading up on the stock?My view is that it's for the same reasons why he didn't buy the stock years ago. The company is still outside his circle of competence, which makes it hard for him to assess its valuation.What's more difficult to understand, though, is why Combs and Weschler haven't moved to invest in Alphabet. The company truly does check off a lot of boxes that they, like Buffett, like to see.TikTok and ChatGPT have a long way to go to even have a chance at knocking Alphabet off its perch. There's a real chance that TikTok could be banned in the U.S. Alphabet has its own AI chatbot, LaMDA, which some believe is more advanced than ChatGPT.Although Buffett has his toes in the water with Alphabet, his head (or the heads of his investment managers) could be in the sand. Now appears to be a once-in-a-decade opportunity to buy this exceptional stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922454322,"gmtCreate":1671834675866,"gmtModify":1676538600450,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922454322","repostId":"2293551384","repostType":4,"repost":{"id":"2293551384","kind":"highlight","pubTimestamp":1671809458,"share":"https://ttm.financial/m/news/2293551384?lang=&edition=full_marsco","pubTime":"2022-12-23 23:30","market":"us","language":"en","title":"Apple: 3 Compelling Reasons To Invest In 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2293551384","media":"Seeking Alpha","summary":"SummaryAmid macro concerns and supply disruptions, Apple has delivered a negative total return of 24","content":"<html><head></head><body><h2>Summary</h2><ul><li>Amid macro concerns and supply disruptions, Apple has delivered a negative total return of 24% so far in 2022.</li><li>Supply challenges caused by Covid-19 related disruptions and semiconductor shortages will likely ease further in 2023.</li><li>Going forward, growth from services is expected to outpace product sales.</li><li>Apple&#39;s industry-leading margins are a testament to the strength of its brand and its loyal customer base.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/db66623bcd1945c607ab6f0d56b4ef0c\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\"/><span>Diego Thomazini/iStock Editorial via Getty Images</span></p><p>Like many in the tech sector, <b>Apple</b> (NASDAQ:AAPL) has been affected by the more challenging macroeconomic environment in 2022. Year-to-date, investors have seen a negative total return of 24% from Apple’s stock, amid concerns about lingering supply chain disruptions and the growing risk of a hard landing for the economy in the coming year.</p><p>Despite the challenges, however, Apple looks well-prepared for a comeback in 2023. And here are three compelling reasons why.</p><h2>End In Sight For Covid-19 Related DisruptionSupply Disruption</h2><p>Supply challenges caused by Covid-19 related disruptions and an industry-wide semiconductor shortage continued to impact Apple&#39;s ability to meet customer demand for its products in 2022. More trouble could be yet to come, as Apple warned in November about lower iPhone 14 Pro and iPhone Pro Max shipments, following Covid-related labor shortages which have disrupted production at Foxconn’s main iPhone assembly facility in Zhengzhou, China.</p><p>But in an effort to improve supply chain resilience, Apple is diversifying its supply chain beyond China. With more production shifting to India and Vietnam and increased procurement from the US, Taiwan and elsewhere, the company will in future be better protected from localized manufacturing risks, as well as trade and geopolitical tensions.</p><p>The supply issues aren’t over yet, but the end is clearly in sight. As chip makers have ramped up production to meet demand, silicon-related supply constraints have already eased significantly during the course of the year. The supply position for iPads and MacBook Pro, which had been considerably constrained throughout most of 2021 and during the first half of 2022, has also improved significantly since then.</p><p>Moreover, with China now moving away from its zero-Covid policy, pandemic-related supply disruption issues may soon finally be no more. Things might get a little worse in the short term, as rising infections temporarily exacerbate existing supply challenges and Covid-related labor shortages. In the longer term, however, the benefits will rack up - as a shift away from strict social controls and unsustainable ‘closed-loop’ manufacturing operations will eventually lead to an enduring improvement in the supply situation.</p><h2>Demand Recovery</h2><p>The same could be said on the demand side too. In the short term, there will be a hit to consumer spending, as people across China choose to stay at home either because they have become unwell with Covid or are trying to avoid catching the virus. After a couple of months though, a return to normality should eventually lead to higher economic activity, and in particular, increased consumer spending.</p><p>We’ve seen the same pattern across the globe as other countries have abandoned their strict Covid-containment strategies and learned to live with the virus. Pent-up demand and an improvement in consumer confidence, driven by better job security and increased employment opportunities, would likely lead to a resurgence in Apple’s sales growth in China too.</p><p>Demonstrating the recent depressed demand, Apple’s sales growth in Greater China, which includes Hong Kong and Taiwan, slowed to just 9% in the year to September 24, 2022, down from 70% in 2021. This was largely attributable to macro factors, as Apple extended its market share lead in its most important market - premium smartphones. In the $600-plus smartphone space, its market share rose to 70% in China in the second quarter of 2022, up from 58% in Q1, according to data from market research firm IDC.</p><p>And while a recovery may only be noticeable from the second half of 2023, it’s important to remember that investor sentiment usually improves before the temporary disruption is over - as investors will likely anticipate a recovery before it actually takes place.</p><h2>Service Revenue OpportunityiOS Services and Apple TV+</h2><p>Although product sales generate a substantial majority of revenues, it’s clear that services are of growing importance to Apple’s growth.</p><p>Of course, the opportunity from services is inextricably linked to the size of its user base - things from the App store and other related services simply cannot sell well unless people are spending time on the company’s devices. But that doesn’t mean revenue from services won’t continue to outpace product sales - as demand for digital content, sold through its App Store, Apple Music and other digital content stores, is expected to hold up well in a still rapidly expanding market.</p><p>Services are a higher margin business too - Apple generated a gross margin of 71.7% from services in 2022, compared to 36.3% for device products. Looking ahead, recent price increases on Apple Music, TV+ and its One bundle will likely drive revenue growth and further margin improvement in coming quarters. These pricing changes were only announced in late October, and have yet to show up in its latest financial results.</p><p>On the downside, competition and regulatory risks, particularly those relating to its App Store, is a potential headwind. The proposed EU Digital Markets Act could force Apple to open up the distribution of apps on iOS devices.</p><p>The potential impact to Apple’s bottom line would likely be limited, however, as the proportion of users opting to purchase products from other sources is expected to be very small. As we can see from Android users, who can already install apps outside of Google’s Play Store, only a small minority of users actually choose to take advantage of the extra competition, due to network effects, security concerns and sticky behavioral patterns. This reflects a &#39;winner takes all&#39; market that demonstrates the value of scale in attracting customers and developers alike.</p><h2>Advertising &amp; Fintech</h2><p>Beyond this, Apple is looking to exploit growth in other services. It has a growing presence in the mobile advertising market - Apple Search Ads on its App Store is a relatively new entrant that has great potential. Its ads business has seen particularly strong growth, at a time when its competitors have been negatively affected by the introduction of its privacy changes last year, namely Apple’s App Tracking Transparency framework. And going forwards, there’s scope for more ad placements in more of its iOS apps, such as Music, Books, Fitness and Podcasts, as well as on its Apple TV+ streaming service.</p><p>Apple is looking at opportunities to grow in the financial technology (fintech) space too. Apple Pay, its mobile payments service, is currently its biggest success, but its ambitions do not rest there. The company partnered with Goldman Sachs to launch Apple Card in 2019, and has plans to launch Apple Pay Later - a buy now pay later (BNPL) service that directly competes with the likes of Klarna (KLAR), Affirm (AFRM) and Afterpay.</p><p>The global fintech market is projected to grow by a compound annual rate of about 25% over the next five years, and reach a market value of approximately $324 billion by 2026.</p><h2>Improving Margins</h2><p>Finally, improving margins is another reason to be bullish on Apple. The company’s industry-leading margins are a testament to the strength of its brand and its loyal customer base. It gives the company an element of revenue visibility that other businesses simply don&#39;t have.</p><p>And such is Apple&#39;s wide moat that the company enjoys strong pricing power - which continues to deliver for its gross margin. It has enabled the company to hike prices not only for services, which were discussed above, but also for its products. Higher prices for its iPhone 14 devices were seen in a number of markets outside of the US and China, as the company sought to offset FX headwinds from the stronger dollar.</p><table><tbody><tr><td><b>Gross margin</b></td><td><b>2022</b></td><td><b>2021</b></td><td><b>2020</b></td></tr><tr><td>Products</td><td>36.3%</td><td>35.3%</td><td>31.5%</td></tr><tr><td>Services</td><td>71.7%</td><td>69.7%</td><td>66.0%</td></tr><tr><td><b>Total</b></td><td><b> 43.3%</b></td><td><b> 41.8%</b></td><td><b> 38.2%</b></td></tr></tbody></table><p>Source: Apple&#39;s 2022 Annual Report</p><p>Apple’s gross margin has increased by 150 basis points over the past year, to 43.3%. This reflected stronger margins for both products and services, as well as a favorable shift in the revenue mix towards higher margin services.</p><p>Widening margins benefit Apple’s bottom line as it enables earnings growth to outpace revenue growth. This combined with the benefit of stock buybacks, which reduces Apple’s share count and further raises its earnings per share.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: 3 Compelling Reasons To Invest In 2023</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: 3 Compelling Reasons To Invest In 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-23 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4566064-apple-stock-3-reasons-invest-2023><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAmid macro concerns and supply disruptions, Apple has delivered a negative total return of 24% so far in 2022.Supply challenges caused by Covid-19 related disruptions and semiconductor ...</p>\n\n<a href=\"https://seekingalpha.com/article/4566064-apple-stock-3-reasons-invest-2023\">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://seekingalpha.com/article/4566064-apple-stock-3-reasons-invest-2023","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2293551384","content_text":"SummaryAmid macro concerns and supply disruptions, Apple has delivered a negative total return of 24% so far in 2022.Supply challenges caused by Covid-19 related disruptions and semiconductor shortages will likely ease further in 2023.Going forward, growth from services is expected to outpace product sales.Apple's industry-leading margins are a testament to the strength of its brand and its loyal customer base.Diego Thomazini/iStock Editorial via Getty ImagesLike many in the tech sector, Apple (NASDAQ:AAPL) has been affected by the more challenging macroeconomic environment in 2022. Year-to-date, investors have seen a negative total return of 24% from Apple’s stock, amid concerns about lingering supply chain disruptions and the growing risk of a hard landing for the economy in the coming year.Despite the challenges, however, Apple looks well-prepared for a comeback in 2023. And here are three compelling reasons why.End In Sight For Covid-19 Related DisruptionSupply DisruptionSupply challenges caused by Covid-19 related disruptions and an industry-wide semiconductor shortage continued to impact Apple's ability to meet customer demand for its products in 2022. More trouble could be yet to come, as Apple warned in November about lower iPhone 14 Pro and iPhone Pro Max shipments, following Covid-related labor shortages which have disrupted production at Foxconn’s main iPhone assembly facility in Zhengzhou, China.But in an effort to improve supply chain resilience, Apple is diversifying its supply chain beyond China. With more production shifting to India and Vietnam and increased procurement from the US, Taiwan and elsewhere, the company will in future be better protected from localized manufacturing risks, as well as trade and geopolitical tensions.The supply issues aren’t over yet, but the end is clearly in sight. As chip makers have ramped up production to meet demand, silicon-related supply constraints have already eased significantly during the course of the year. The supply position for iPads and MacBook Pro, which had been considerably constrained throughout most of 2021 and during the first half of 2022, has also improved significantly since then.Moreover, with China now moving away from its zero-Covid policy, pandemic-related supply disruption issues may soon finally be no more. Things might get a little worse in the short term, as rising infections temporarily exacerbate existing supply challenges and Covid-related labor shortages. In the longer term, however, the benefits will rack up - as a shift away from strict social controls and unsustainable ‘closed-loop’ manufacturing operations will eventually lead to an enduring improvement in the supply situation.Demand RecoveryThe same could be said on the demand side too. In the short term, there will be a hit to consumer spending, as people across China choose to stay at home either because they have become unwell with Covid or are trying to avoid catching the virus. After a couple of months though, a return to normality should eventually lead to higher economic activity, and in particular, increased consumer spending.We’ve seen the same pattern across the globe as other countries have abandoned their strict Covid-containment strategies and learned to live with the virus. Pent-up demand and an improvement in consumer confidence, driven by better job security and increased employment opportunities, would likely lead to a resurgence in Apple’s sales growth in China too.Demonstrating the recent depressed demand, Apple’s sales growth in Greater China, which includes Hong Kong and Taiwan, slowed to just 9% in the year to September 24, 2022, down from 70% in 2021. This was largely attributable to macro factors, as Apple extended its market share lead in its most important market - premium smartphones. In the $600-plus smartphone space, its market share rose to 70% in China in the second quarter of 2022, up from 58% in Q1, according to data from market research firm IDC.And while a recovery may only be noticeable from the second half of 2023, it’s important to remember that investor sentiment usually improves before the temporary disruption is over - as investors will likely anticipate a recovery before it actually takes place.Service Revenue OpportunityiOS Services and Apple TV+Although product sales generate a substantial majority of revenues, it’s clear that services are of growing importance to Apple’s growth.Of course, the opportunity from services is inextricably linked to the size of its user base - things from the App store and other related services simply cannot sell well unless people are spending time on the company’s devices. But that doesn’t mean revenue from services won’t continue to outpace product sales - as demand for digital content, sold through its App Store, Apple Music and other digital content stores, is expected to hold up well in a still rapidly expanding market.Services are a higher margin business too - Apple generated a gross margin of 71.7% from services in 2022, compared to 36.3% for device products. Looking ahead, recent price increases on Apple Music, TV+ and its One bundle will likely drive revenue growth and further margin improvement in coming quarters. These pricing changes were only announced in late October, and have yet to show up in its latest financial results.On the downside, competition and regulatory risks, particularly those relating to its App Store, is a potential headwind. The proposed EU Digital Markets Act could force Apple to open up the distribution of apps on iOS devices.The potential impact to Apple’s bottom line would likely be limited, however, as the proportion of users opting to purchase products from other sources is expected to be very small. As we can see from Android users, who can already install apps outside of Google’s Play Store, only a small minority of users actually choose to take advantage of the extra competition, due to network effects, security concerns and sticky behavioral patterns. This reflects a 'winner takes all' market that demonstrates the value of scale in attracting customers and developers alike.Advertising & FintechBeyond this, Apple is looking to exploit growth in other services. It has a growing presence in the mobile advertising market - Apple Search Ads on its App Store is a relatively new entrant that has great potential. Its ads business has seen particularly strong growth, at a time when its competitors have been negatively affected by the introduction of its privacy changes last year, namely Apple’s App Tracking Transparency framework. And going forwards, there’s scope for more ad placements in more of its iOS apps, such as Music, Books, Fitness and Podcasts, as well as on its Apple TV+ streaming service.Apple is looking at opportunities to grow in the financial technology (fintech) space too. Apple Pay, its mobile payments service, is currently its biggest success, but its ambitions do not rest there. The company partnered with Goldman Sachs to launch Apple Card in 2019, and has plans to launch Apple Pay Later - a buy now pay later (BNPL) service that directly competes with the likes of Klarna (KLAR), Affirm (AFRM) and Afterpay.The global fintech market is projected to grow by a compound annual rate of about 25% over the next five years, and reach a market value of approximately $324 billion by 2026.Improving MarginsFinally, improving margins is another reason to be bullish on Apple. The company’s industry-leading margins are a testament to the strength of its brand and its loyal customer base. It gives the company an element of revenue visibility that other businesses simply don't have.And such is Apple's wide moat that the company enjoys strong pricing power - which continues to deliver for its gross margin. It has enabled the company to hike prices not only for services, which were discussed above, but also for its products. Higher prices for its iPhone 14 devices were seen in a number of markets outside of the US and China, as the company sought to offset FX headwinds from the stronger dollar.Gross margin202220212020Products36.3%35.3%31.5%Services71.7%69.7%66.0%Total 43.3% 41.8% 38.2%Source: Apple's 2022 Annual ReportApple’s gross margin has increased by 150 basis points over the past year, to 43.3%. This reflected stronger margins for both products and services, as well as a favorable shift in the revenue mix towards higher margin services.Widening margins benefit Apple’s bottom line as it enables earnings growth to outpace revenue growth. This combined with the benefit of stock buybacks, which reduces Apple’s share count and further raises its earnings per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":522,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9922605226,"gmtCreate":1671752220565,"gmtModify":1676538586806,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/U/3587030474832187\">@OPP &nbsp;</a>","listText":"<a href=\"https://ttm.financial/U/3587030474832187\">@OPP &nbsp;</a>","text":"@OPP","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9922605226","repostId":"2292833762","repostType":2,"repost":{"id":"2292833762","kind":"news","pubTimestamp":1671542415,"share":"https://ttm.financial/m/news/2292833762?lang=&edition=full_marsco","pubTime":"2022-12-20 21:20","market":"sg","language":"en","title":"Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC","url":"https://stock-news.laohu8.com/highlight/detail?id=2292833762","media":"taxscan.in","summary":"Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC","content":"<div>\n<p>Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC</p>\n\n<a href=\"https://news.google.com/__i/rss/rd/articles/CBMigAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4L9IBhAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4Lz9hbXA?oc=5\">Web Link</a>\n\n</div>\n","source":"redbox_crawler","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>Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC</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\">\nLoss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-20 21:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://news.google.com/__i/rss/rd/articles/CBMigAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4L9IBhAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4Lz9hbXA?oc=5><strong>taxscan.in</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC</p>\n\n<a href=\"https://news.google.com/__i/rss/rd/articles/CBMigAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4L9IBhAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4Lz9hbXA?oc=5\">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://news.google.com/__i/rss/rd/articles/CBMigAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4L9IBhAFodHRwczovL3d3dy50YXhzY2FuLmluL2xvc3Mtb24tZm9yZXgtZmx1Y3R1YXRpb25zLW9uLWZvcndhcmQtY29udHJhY3RzLWFyZS1kZWR1Y3RpYmxlLXUtcy0zNzEtb2YtaW5jb21lLXRheC1hY3QtZGVsaGktaGMvMjM2NDE4Lz9hbXA?oc=5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2292833762","content_text":"Loss on Forex fluctuations on Forward Contracts are Deductible u/s 37(1) of Income Tax Act: Delhi HC","news_type":1},"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9928153498,"gmtCreate":1671228432514,"gmtModify":1676538511780,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9928153498","repostId":"1113454322","repostType":4,"repost":{"id":"1113454322","kind":"news","pubTimestamp":1671202950,"share":"https://ttm.financial/m/news/1113454322?lang=&edition=full_marsco","pubTime":"2022-12-16 23:02","market":"us","language":"en","title":"Top Calls on Wall Street: Meta, American Airlines, Trip.com and More","url":"https://stock-news.laohu8.com/highlight/detail?id=1113454322","media":"TheFly","summary":"Top 5 Upgrades:JPMorgan analyst Doug Anmuth upgraded Meta Platforms(META) to Overweight from Neutral","content":"<html><head></head><body><h2><b>Top 5 Upgrades:</b></h2><ul><li>JPMorgan analyst Doug Anmuth upgraded <b>Meta Platforms</b>(META) to Overweight from Neutral with a price target of $150, up from $115. The shares are down 65% year-to-date as Meta has been impacted by Apple (AAPL) privacy changes, TikTok competition, Reels headwinds, heavy hiring and expense growth, an uncertain build-out of the metaverse, and macro pressures, but some of these pressures will ease heading into 2023, Anmuth tells investors in a research note.</li><li>BTIG analyst Matthew VanVliet upgraded <b>Agilysys</b>(AGYS) to Buy from Neutral with an $83 price target. The company announced a &#34;game-changing contract win&#34; with Marriott (MAR) to deploy its property management system across U.S. and Canada luxury, premium and select service hotels over the next several years, VanVliet tells investors in a research note.</li><li>BofA analyst Vivek Arya upgraded <b>Cadence Design</b>(CDNS) and <b>Synopsys</b>(SNPS) to Buy from Neutral. His prior concerns about the impact from China restrictions on electronic design automation, or EDA, demand &#34;have proven to be overly conservative,&#34; said Arya, who notes that most U.S. restrictions were focused on the delivery of fab equipment and not EDA.</li><li>UBS analyst Wei Xiong upgraded <b>Trip.com Group</b>(TCOM) to Buy from Neutral with a price target of $41, up from $28. The recent accelerated easing of COVID controls in China, a likely faster-than-expected outbound travel recovery, and continued momentum in overseas markets provides better visibility on improving fundamentals, said Xiong, who raised 2023 and 2024 revenue and earnings estimates for Trip.com.</li><li>UBS analyst Colin Bristow upgraded <b>Sarepta</b>(SRPT) to Buy from Neutral with a price target of $158, up from $100, telling investors that he views it as &#34;highly likely&#34; that accelerated approval is granted for SRP-9001 in Duchenne muscular dystrophy, or DMD, by the PDUFA date of May 29.</li></ul><h2><b>Top 5 Downgrades:</b></h2><ul><li>BMO Capital analyst John Kim downgraded <b>Equity Residential</b>(EQR) to Underperform from Market Perform with a price target of $61, down from $70. The analyst cites the &#34;looming&#34; recession and rising unemployment for the downgrade. He says Equity Residential screens expensive and is cautious on the multifamily sector.</li><li>RBC Capital analyst Ken Herbert downgraded <b>Mercury Systems</b>(MRCY) to Sector Perform from Outperform with a price target of $54, down from $66. Heading into 2023, the defense supply chain remains a risk for Mercury, one of the most impacted by the supply chain disruptions in the group, Herbert tells investors in a research note.</li><li>JPMorgan analyst Anthony Paolone downgraded <b>AvalonBay</b>(AVB) to Underweight from Neutral with a price target of $197, down from $206. The analyst is &#34;more constructive&#34; on real estate investment trusts going into next year.</li><li>Wells Fargo analyst Elyse Greenspan downgraded <b>Prudential Financial</b>(PRU) to Underweight from Equal Weight with an unchanged price target of $101. The analyst cites relative value for the downgrade, saying Prudential&#39;s valuation has expanded relative to MetLife (MET) versus historical levels.</li><li>Morgan Stanley analyst Thomas Yeh downgraded <b>New York Times</b>(NYT) to Equal Weight from Overweight with an unchanged price target of $37. Recent underperformance in net adds lowers his confidence in capturing the long-term opportunity while growing macro headwinds for advertising revenues &#34;put 2023 expectations at risk,&#34; Yeh tells investors.</li></ul><h2><b>Top 5 Initiations:</b></h2><ul><li>Goldman Sachs analyst Catherine O&#39;Brien resumed coverage of <b>American Airlines</b>(AAL) with a Neutral rating and $13 price target. While positive on the backdrop for airlines, the analyst says the economic outlook is uncertain. In this environment, she favors stocks with &#34;idiosyncratic earnings drivers, relatively more recovery tailwinds remaining, or characteristics that reduce downside risk.&#34;</li><li>DA Davidson analyst Rudy Kessinger initiated coverage of <b>CyberArk</b>(CYBR) with a Buy rating and $175 price target. The company has a clear market leadership position in privileged access management, the most critical pillar of identity security, Kessinger tells investors in a research note.</li><li>JPMorgan analyst Brian Cheng initiated coverage of <b>Senti Bio</b>(SNTI) with a Neutral rating and no price target. Senti is a preclinical-stage biotech company leveraging modified natural killer immune cells to treat blood and solid tumors, Cheng tells investors in a research note.</li><li>UBS analyst Dennis Geiger initiated coverage of <b>Cracker Barrel</b>(CBRL) with a Neutral rating and $105 price target. Cracker Barrel&#39;s differentiated brands and enhancements to menu, off-premise, and digital highlight improvements in recent years support same-store sales growth, free cash flow generation and capital returns to shareholders, Geiger says in a research note.</li><li>Barclays analyst Ryan MacWilliams initiated coverage of <b>Atlassian</b>(TEAM) with an Equal Weight rating and $155 price target. The analyst believes the consolidation of broader developer tools is an &#34;attractive value creation opportunity for leading platform players.&#34;</li></ul></body></html>","source":"lsy1666364704704","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>Top Calls on Wall Street: Meta, American Airlines, Trip.com and More</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\">\nTop Calls on Wall Street: Meta, American Airlines, Trip.com and More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-16 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thefly.com/landingPageNews.php?id=3634532&headline=META;EQR;MRCY;AAL;AGYS;SNTI;SNPS;CDNS;TCOM;SRPT;AVB;PRU;CBRL;TEAM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations><strong>TheFly</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Top 5 Upgrades:JPMorgan analyst Doug Anmuth upgraded Meta Platforms(META) to Overweight from Neutral with a price target of $150, up from $115. The shares are down 65% year-to-date as Meta has been ...</p>\n\n<a href=\"https://thefly.com/landingPageNews.php?id=3634532&headline=META;EQR;MRCY;AAL;AGYS;SNTI;SNPS;CDNS;TCOM;SRPT;AVB;PRU;CBRL;TEAM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAL":"美国航空","META":"Meta Platforms, Inc.","TCOM":"携程网"},"source_url":"https://thefly.com/landingPageNews.php?id=3634532&headline=META;EQR;MRCY;AAL;AGYS;SNTI;SNPS;CDNS;TCOM;SRPT;AVB;PRU;CBRL;TEAM-Street-Wrap-Todays-Top--Upgrades-Downgrades-Initiations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113454322","content_text":"Top 5 Upgrades:JPMorgan analyst Doug Anmuth upgraded Meta Platforms(META) to Overweight from Neutral with a price target of $150, up from $115. The shares are down 65% year-to-date as Meta has been impacted by Apple (AAPL) privacy changes, TikTok competition, Reels headwinds, heavy hiring and expense growth, an uncertain build-out of the metaverse, and macro pressures, but some of these pressures will ease heading into 2023, Anmuth tells investors in a research note.BTIG analyst Matthew VanVliet upgraded Agilysys(AGYS) to Buy from Neutral with an $83 price target. The company announced a \"game-changing contract win\" with Marriott (MAR) to deploy its property management system across U.S. and Canada luxury, premium and select service hotels over the next several years, VanVliet tells investors in a research note.BofA analyst Vivek Arya upgraded Cadence Design(CDNS) and Synopsys(SNPS) to Buy from Neutral. His prior concerns about the impact from China restrictions on electronic design automation, or EDA, demand \"have proven to be overly conservative,\" said Arya, who notes that most U.S. restrictions were focused on the delivery of fab equipment and not EDA.UBS analyst Wei Xiong upgraded Trip.com Group(TCOM) to Buy from Neutral with a price target of $41, up from $28. The recent accelerated easing of COVID controls in China, a likely faster-than-expected outbound travel recovery, and continued momentum in overseas markets provides better visibility on improving fundamentals, said Xiong, who raised 2023 and 2024 revenue and earnings estimates for Trip.com.UBS analyst Colin Bristow upgraded Sarepta(SRPT) to Buy from Neutral with a price target of $158, up from $100, telling investors that he views it as \"highly likely\" that accelerated approval is granted for SRP-9001 in Duchenne muscular dystrophy, or DMD, by the PDUFA date of May 29.Top 5 Downgrades:BMO Capital analyst John Kim downgraded Equity Residential(EQR) to Underperform from Market Perform with a price target of $61, down from $70. The analyst cites the \"looming\" recession and rising unemployment for the downgrade. He says Equity Residential screens expensive and is cautious on the multifamily sector.RBC Capital analyst Ken Herbert downgraded Mercury Systems(MRCY) to Sector Perform from Outperform with a price target of $54, down from $66. Heading into 2023, the defense supply chain remains a risk for Mercury, one of the most impacted by the supply chain disruptions in the group, Herbert tells investors in a research note.JPMorgan analyst Anthony Paolone downgraded AvalonBay(AVB) to Underweight from Neutral with a price target of $197, down from $206. The analyst is \"more constructive\" on real estate investment trusts going into next year.Wells Fargo analyst Elyse Greenspan downgraded Prudential Financial(PRU) to Underweight from Equal Weight with an unchanged price target of $101. The analyst cites relative value for the downgrade, saying Prudential's valuation has expanded relative to MetLife (MET) versus historical levels.Morgan Stanley analyst Thomas Yeh downgraded New York Times(NYT) to Equal Weight from Overweight with an unchanged price target of $37. Recent underperformance in net adds lowers his confidence in capturing the long-term opportunity while growing macro headwinds for advertising revenues \"put 2023 expectations at risk,\" Yeh tells investors.Top 5 Initiations:Goldman Sachs analyst Catherine O'Brien resumed coverage of American Airlines(AAL) with a Neutral rating and $13 price target. While positive on the backdrop for airlines, the analyst says the economic outlook is uncertain. In this environment, she favors stocks with \"idiosyncratic earnings drivers, relatively more recovery tailwinds remaining, or characteristics that reduce downside risk.\"DA Davidson analyst Rudy Kessinger initiated coverage of CyberArk(CYBR) with a Buy rating and $175 price target. The company has a clear market leadership position in privileged access management, the most critical pillar of identity security, Kessinger tells investors in a research note.JPMorgan analyst Brian Cheng initiated coverage of Senti Bio(SNTI) with a Neutral rating and no price target. Senti is a preclinical-stage biotech company leveraging modified natural killer immune cells to treat blood and solid tumors, Cheng tells investors in a research note.UBS analyst Dennis Geiger initiated coverage of Cracker Barrel(CBRL) with a Neutral rating and $105 price target. Cracker Barrel's differentiated brands and enhancements to menu, off-premise, and digital highlight improvements in recent years support same-store sales growth, free cash flow generation and capital returns to shareholders, Geiger says in a research note.Barclays analyst Ryan MacWilliams initiated coverage of Atlassian(TEAM) with an Equal Weight rating and $155 price target. The analyst believes the consolidation of broader developer tools is an \"attractive value creation opportunity for leading platform players.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923435362,"gmtCreate":1670892721056,"gmtModify":1676538454445,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923435362","repostId":"1138430940","repostType":4,"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923432594,"gmtCreate":1670892688718,"gmtModify":1676538454429,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9923432594","repostId":"2291737397","repostType":4,"repost":{"id":"2291737397","kind":"news","pubTimestamp":1670889004,"share":"https://ttm.financial/m/news/2291737397?lang=&edition=full_marsco","pubTime":"2022-12-13 07:50","market":"us","language":"en","title":"JPMorgan’s Trading Desk Sees S&P Rallying Up to 10% on Soft Inflation Data","url":"https://stock-news.laohu8.com/highlight/detail?id=2291737397","media":"Bloomberg","summary":"The most likely scenario points to a market gain of 2% to 3%Goldman says short index position is fla","content":"<html><head></head><body><ul><li>The most likely scenario points to a market gain of 2% to 3%</li><li>Goldman says short index position is flat after fueling gains</li></ul><p>With equity investors defensively positioned, a soft reading in Tuesday’s consumer price index could spark a powerful rally — with the S&amp;P 500 jumping as much as 10%. That’s the bold forecast from JPMorgan Chase &amp; Co.’s sales and trading desk.</p><p>In a scenario analysis that maps out the game plan for clients, the team including Andrew Tyler suggests that an annualized inflation print of 6.9% or lower has the potential to lift the equity benchmark between 8% and 10%. Such a move would extend the index’s surge from its October low well past 20%, marking a technical end of the 12-month bear market.</p><p>While the chances of that happening are rather slim — an event that the JPMorgan teams assigns a 5% probability, the analysis reflects a prevailing view that November’s CPI plays a key role in determining the near-term fate of the market. The data, expected to come in at 7.3% by economists, arrives just one day before the Federal Reserve’s final policy meeting of the year.</p><p>A cooler reading from the prior month triggered a 5.5% daily surge in the S&amp;P 500.</p><p>“The logic here is that not only is inflation dissipating, but its pace is accelerating,” Tyler wrote in the note. “This would give increasing confidence in projections of headline inflation falling ~3% in 2023. Further, if inflation is at 3%, irrespective of the labor market conditions, it seems unlikely that the Fed would hold the terminal rate at 5%. Any Fed pivot will rip equities.”</p><p><img src=\"https://static.tigerbbs.com/0dbb401f268a427c78ed1b1ee518b2fb\" tg-width=\"968\" tg-height=\"494\" width=\"100%\" height=\"auto\"/></p><p>The most likely scenario, the team says, is a CPI print between 7.2% to 7.4% where the S&amp;P 500 climbs by 2% to 3%.</p><p>On the flip side, any near or above the prior reading of 7.7% may spell trouble. The equity index is likely to sink as much as 5% should inflation exceed 7.8%, JPMorgan’s analysis shows.</p><p>“The CPI print has the potential to dictate market direction and magnitude until earnings kick off in mid-January,” Tyler said. “Equity positioning is less light but remains historically low; investors seem to have a view that this report comes inline or slightly dovish.”</p><p><img src=\"https://static.tigerbbs.com/fba6621c2f77c0ac31a7d4cf33559665\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>With the stock market stuck in a range trading of late, this busy week of market events is billed as the one where the S&amp;P 500 can make or break its recent chart pattern. While the index this month failed to hold above its average price over the past 200 days, a widely watched trend line, it has managed to stay above another key threshold, the 100-day average.</p><p>To Goldman Sachs Group Inc.’s Tony Pasquariello, anyone betting on a big share bounce should be aware that the extreme bearish stance that existed during the fall has lessened. Take index futures, where net positions among non-dealers reached a record short of $120 billion in September. That has shrunk after a meaningful unwinding last month, the firm’s data show.</p><p>“I don’t register this to make a bearish claim — again, the current measure is flat — it’s more to say this magnitude of demand is very unlikely to sustain itself come Q1,” Pasquariello wrote in a note over the weekend.</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>JPMorgan’s Trading Desk Sees S&P Rallying Up to 10% on Soft Inflation Data</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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\">\nJPMorgan’s Trading Desk Sees S&P Rallying Up to 10% on Soft Inflation Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-13 07:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-12-12/jpmorgan-s-trading-desk-sees-s-p-rallying-up-to-10-on-soft-cpi><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The most likely scenario points to a market gain of 2% to 3%Goldman says short index position is flat after fueling gainsWith equity investors defensively positioned, a soft reading in Tuesday’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-12-12/jpmorgan-s-trading-desk-sees-s-p-rallying-up-to-10-on-soft-cpi\">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",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2022-12-12/jpmorgan-s-trading-desk-sees-s-p-rallying-up-to-10-on-soft-cpi","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291737397","content_text":"The most likely scenario points to a market gain of 2% to 3%Goldman says short index position is flat after fueling gainsWith equity investors defensively positioned, a soft reading in Tuesday’s consumer price index could spark a powerful rally — with the S&P 500 jumping as much as 10%. That’s the bold forecast from JPMorgan Chase & Co.’s sales and trading desk.In a scenario analysis that maps out the game plan for clients, the team including Andrew Tyler suggests that an annualized inflation print of 6.9% or lower has the potential to lift the equity benchmark between 8% and 10%. Such a move would extend the index’s surge from its October low well past 20%, marking a technical end of the 12-month bear market.While the chances of that happening are rather slim — an event that the JPMorgan teams assigns a 5% probability, the analysis reflects a prevailing view that November’s CPI plays a key role in determining the near-term fate of the market. The data, expected to come in at 7.3% by economists, arrives just one day before the Federal Reserve’s final policy meeting of the year.A cooler reading from the prior month triggered a 5.5% daily surge in the S&P 500.“The logic here is that not only is inflation dissipating, but its pace is accelerating,” Tyler wrote in the note. “This would give increasing confidence in projections of headline inflation falling ~3% in 2023. Further, if inflation is at 3%, irrespective of the labor market conditions, it seems unlikely that the Fed would hold the terminal rate at 5%. Any Fed pivot will rip equities.”The most likely scenario, the team says, is a CPI print between 7.2% to 7.4% where the S&P 500 climbs by 2% to 3%.On the flip side, any near or above the prior reading of 7.7% may spell trouble. The equity index is likely to sink as much as 5% should inflation exceed 7.8%, JPMorgan’s analysis shows.“The CPI print has the potential to dictate market direction and magnitude until earnings kick off in mid-January,” Tyler said. “Equity positioning is less light but remains historically low; investors seem to have a view that this report comes inline or slightly dovish.”With the stock market stuck in a range trading of late, this busy week of market events is billed as the one where the S&P 500 can make or break its recent chart pattern. While the index this month failed to hold above its average price over the past 200 days, a widely watched trend line, it has managed to stay above another key threshold, the 100-day average.To Goldman Sachs Group Inc.’s Tony Pasquariello, anyone betting on a big share bounce should be aware that the extreme bearish stance that existed during the fall has lessened. Take index futures, where net positions among non-dealers reached a record short of $120 billion in September. That has shrunk after a meaningful unwinding last month, the firm’s data show.“I don’t register this to make a bearish claim — again, the current measure is flat — it’s more to say this magnitude of demand is very unlikely to sustain itself come Q1,” Pasquariello wrote in a note over the weekend.","news_type":1},"isVote":1,"tweetType":1,"viewCount":490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923432208,"gmtCreate":1670892668104,"gmtModify":1676538454422,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Thank you","listText":"Thank you","text":"Thank you","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923432208","repostId":"2291310797","repostType":4,"repost":{"id":"2291310797","kind":"news","pubTimestamp":1670891021,"share":"https://ttm.financial/m/news/2291310797?lang=&edition=full_marsco","pubTime":"2022-12-13 08:23","market":"us","language":"en","title":"Why Nvidia Is This Analyst’s Top Stock Pick for 2023","url":"https://stock-news.laohu8.com/highlight/detail?id=2291310797","media":"MarketWatch","summary":"Challenges over the past year ‘were just short-term distractions’Nvidia’s stock is on track for its ","content":"<html><head></head><body><p>Challenges over the past year ‘were just short-term distractions’</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5574b1e14049e46a593abe84abed47a8\" tg-width=\"700\" tg-height=\"479\" width=\"100%\" height=\"auto\"/><span>Nvidia’s stock is on track for its worst annual performance since the financial crisis, but one analyst sees upside from here.</span></p><p>Nvidia Corp.’s stock has had a rough year, shedding more than 40% so far in 2022 amid concerns about challenges in gaming and in China, as well as a large inventory write-down.</p><p>But Cowen &amp; Co. analyst Matthew Ramsay says now is the time to own the chip name. He named it his “best idea” for 2023 in a Monday note to clients.</p><p>The issues Nvidia has had over the past year “were just short-term distractions from the acute fundamental thesis: NVIDIA is the leader in accelerated compute and the key enabler for AI [artificial intelligence] across vertical industries — full stop,” Ramsay wrote.</p><p>In his view, Wall Street underappreciates a number of elements of Nvidia’s story. For one, it discounts “how early we are in AI penetration, and the ability for [Nvidia] to create new markets [and] use cases through product innovation (both hardware and software).”</p><p>Additionally, Ramsay thinks that investors aren’t giving Nvidia enough credit for its potential to keep increasing average selling prices on the back of scaling artificial-intelligence performance.</p><p>“The combination of these drives our above-consensus estimates, particularly in Datacenter,” he said.</p><p>Ramsay is upbeat about “several strong product cycles” in the year ahead. Nvidia’s “next-gen datacenter accelerator H100 is ramping<i>now</i>,” he wrote, and its ARM-based Grace central processing unit (CPU) is expected in the first half of 2023.</p><p>What’s more, the gaming business had been volatile thanks to crypto-mining demand, but Ramsay sees “early signs of channel normalization” in this area, which sets a path for “a return to growth in that business — now permanently free of crypto bangs/busts.”</p><p>Nvidia shares are ahead 0.7% in Monday afternoon trading and recently changed hands north of $171. Cowen rates the stock at outperform, with a new price target of $220, up from $200.</p><p>The stock, off nearly 42% thus far this year, is on track for its worst yearly performance since 2008, when it plunged 76%.</p><p>Other Cowen “best ideas”include Netflix, Workday, Costco and Caterpillar.</p></body></html>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Nvidia Is This Analyst’s Top Stock Pick for 2023</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\">\nWhy Nvidia Is This Analyst’s Top Stock Pick for 2023\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-12-13 08:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-nvidia-is-this-analysts-top-stock-pick-for-2023-11670870363?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Challenges over the past year ‘were just short-term distractions’Nvidia’s stock is on track for its worst annual performance since the financial crisis, but one analyst sees upside from here.Nvidia ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-nvidia-is-this-analysts-top-stock-pick-for-2023-11670870363?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/why-nvidia-is-this-analysts-top-stock-pick-for-2023-11670870363?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2291310797","content_text":"Challenges over the past year ‘were just short-term distractions’Nvidia’s stock is on track for its worst annual performance since the financial crisis, but one analyst sees upside from here.Nvidia Corp.’s stock has had a rough year, shedding more than 40% so far in 2022 amid concerns about challenges in gaming and in China, as well as a large inventory write-down.But Cowen & Co. analyst Matthew Ramsay says now is the time to own the chip name. He named it his “best idea” for 2023 in a Monday note to clients.The issues Nvidia has had over the past year “were just short-term distractions from the acute fundamental thesis: NVIDIA is the leader in accelerated compute and the key enabler for AI [artificial intelligence] across vertical industries — full stop,” Ramsay wrote.In his view, Wall Street underappreciates a number of elements of Nvidia’s story. For one, it discounts “how early we are in AI penetration, and the ability for [Nvidia] to create new markets [and] use cases through product innovation (both hardware and software).”Additionally, Ramsay thinks that investors aren’t giving Nvidia enough credit for its potential to keep increasing average selling prices on the back of scaling artificial-intelligence performance.“The combination of these drives our above-consensus estimates, particularly in Datacenter,” he said.Ramsay is upbeat about “several strong product cycles” in the year ahead. Nvidia’s “next-gen datacenter accelerator H100 is rampingnow,” he wrote, and its ARM-based Grace central processing unit (CPU) is expected in the first half of 2023.What’s more, the gaming business had been volatile thanks to crypto-mining demand, but Ramsay sees “early signs of channel normalization” in this area, which sets a path for “a return to growth in that business — now permanently free of crypto bangs/busts.”Nvidia shares are ahead 0.7% in Monday afternoon trading and recently changed hands north of $171. Cowen rates the stock at outperform, with a new price target of $220, up from $200.The stock, off nearly 42% thus far this year, is on track for its worst yearly performance since 2008, when it plunged 76%.Other Cowen “best ideas”include Netflix, Workday, Costco and Caterpillar.","news_type":1},"isVote":1,"tweetType":1,"viewCount":481,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9965843486,"gmtCreate":1669939186045,"gmtModify":1676538273073,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Cool...","listText":"Cool...","text":"Cool...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9965843486","repostId":"2288985598","repostType":4,"repost":{"id":"2288985598","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1669935750,"share":"https://ttm.financial/m/news/2288985598?lang=&edition=full_marsco","pubTime":"2022-12-02 07:02","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow","url":"https://stock-news.laohu8.com/highlight/detail?id=2288985598","media":"Reuters","summary":"Salesforce drops on co-CEO exit planDollar General falls on slashing annual profit viewU.S. manufact","content":"<html><head></head><body><ul><li>Salesforce drops on co-CEO exit plan</li><li>Dollar General falls on slashing annual profit view</li><li>U.S. manufacturing shrinks for first time in 2-1/2 years in Nov</li></ul><p><img src=\"https://static.tigerbbs.com/e7238b54d469f0f4aff99a01c5ac690f\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve&#39;s interest rate hikes are working.</p><p>On Wednesday, the S&amp;P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.</p><p>U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed&#39;s rate hikes have cooled the economy.</p><p>The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.</p><p>Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.</p><p>&#34;On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it&#39;s not quite good enough to push another leg higher,&#34; said Ross Mayfield, an investment strategy analyst at Baird.</p><p>Wednesday&#39;s rally drove the S&amp;P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.</p><p>Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.</p><p>Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.</p><p>Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.</p><p>According to preliminary data, the S&amp;P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.</p><p>A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.</p><p>Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.</p><p>With a month left in 2022, the S&amp;P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)</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>US STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Mixed; Salesforce Selloff Pressures Dow\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\">2022-12-02 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Salesforce drops on co-CEO exit plan</li><li>Dollar General falls on slashing annual profit view</li><li>U.S. manufacturing shrinks for first time in 2-1/2 years in Nov</li></ul><p><img src=\"https://static.tigerbbs.com/e7238b54d469f0f4aff99a01c5ac690f\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p><p>Dec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve&#39;s interest rate hikes are working.</p><p>On Wednesday, the S&amp;P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.</p><p>U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed&#39;s rate hikes have cooled the economy.</p><p>The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.</p><p>Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.</p><p>&#34;On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it&#39;s not quite good enough to push another leg higher,&#34; said Ross Mayfield, an investment strategy analyst at Baird.</p><p>Wednesday&#39;s rally drove the S&amp;P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.</p><p>Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.</p><p>Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.</p><p>Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.</p><p>According to preliminary data, the S&amp;P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.</p><p>A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.</p><p>Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.</p><p>With a month left in 2022, the S&amp;P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2288985598","content_text":"Salesforce drops on co-CEO exit planDollar General falls on slashing annual profit viewU.S. manufacturing shrinks for first time in 2-1/2 years in NovDec 1 (Reuters) - Wall Street ended mixed on Thursday as a selloff in Salesforce weighed on the Dow, while traders digested U.S. data that suggested the Federal Reserve's interest rate hikes are working.On Wednesday, the S&P 500 surged over 3% on optimism the Fed might moderate its campaign of interest rate hikes.U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed's rate hikes have cooled the economy.The personal consumption expenditures (PCE) price index rose 0.3%, the same as in September, and over the 12 months through October the index increased 6.0% after advancing 6.3% the prior month.Excluding the volatile food and energy components, the PCE price index rose 0.2%, one-tenth less than expected, after gaining 0.5% in September.\"On a normal day, the package of data this morning would be pretty risk-on, but after the rally yesterday, I think it's not quite good enough to push another leg higher,\" said Ross Mayfield, an investment strategy analyst at Baird.Wednesday's rally drove the S&P 500 index above its 200-day moving average for the first time since April after Fed Chair Jerome Powell said it was time to slow the pace of interest rate hikes.Traders now see a 79% chance the Fed will increase its key benchmark rate by 50 basis points in December and a 21% chance it will hike rates by 75 basis points.Salesforce Inc tumbled after the software maker said Bret Taylor would step down as co-chief executive officer in January.Dollar General Corp fell after the discount retailer cut its annual profit forecast, while Costco Wholesale Corp dropped after the membership-only retail chain reported slower sales growth in November.According to preliminary data, the S&P 500 lost 2.31 points, or 0.06%, to end at 4,077.80 points, while the Nasdaq Composite gained 15.22 points, or 0.13%, to 11,483.21. The Dow Jones Industrial Average fell 193.24 points, or 0.56%, to 34,397.42.A report from the Labor Department on Thursday showed initial claims for state unemployment benefits dropped 16,000 to a seasonally adjusted 225,000 for the week ended Nov. 26.Investors now await nonfarm payrolls data on Friday for clues about how rate hikes have affected the labor market.With a month left in 2022, the S&P 500 is down about 14% year to date, and the Nasdaq has lost about 27%. (Reporting by Ankika Biswas and Shreyashi Sanyal in Bengaluru, and by Noel Randewich in Oakland, Calif.; Editing by Shounak Dasgupta and David Gregorio)","news_type":1},"isVote":1,"tweetType":1,"viewCount":879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":270256077877496,"gmtCreate":1706989619435,"gmtModify":1706989624703,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Congratulations to all winners!","listText":"Congratulations to all winners!","text":"Congratulations to all winners!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/270256077877496","isVote":1,"tweetType":1,"viewCount":1219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9942695901,"gmtCreate":1681202249904,"gmtModify":1681202253662,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9942695901","repostId":"1136846630","repostType":2,"isVote":1,"tweetType":1,"viewCount":1174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943391762,"gmtCreate":1679101315357,"gmtModify":1679101319213,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":13,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943391762","repostId":"2320584107","repostType":2,"repost":{"id":"2320584107","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1679186631,"share":"https://ttm.financial/m/news/2320584107?lang=&edition=full_marsco","pubTime":"2023-03-19 08:43","market":"us","language":"en","title":"What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2320584107","media":"Dow Jones","summary":"‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston PartnersInvestors","content":"<html><head></head><body><p>‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston Partners</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac59bb2b41ad9f787574330ce399463\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.</span></p><p>First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.</p><p>U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.</p><p>“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.</p><p>“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.</p><p>“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”</p><p>Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.</p><p>Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.</p><h2>Fear of unknown risks</h2><p>Wild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.</p><p>“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.</p><p>Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.</p><p>He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”</p><p>Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.</p><p>Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.</p><p>Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.</p><p>“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.</p><p>“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”</p><p>Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.</p><p>It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.</p><p>“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”</p><p>The Dow Jones Industrial Average shed 384 points Friday, the S&amp;P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.</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>What It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike</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\">\nWhat It May Take to Calm Banking Sector Jitters: Time, and a Fed Rate Hike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-03-19 08:43</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston Partners</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bac59bb2b41ad9f787574330ce399463\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Investors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.</span></p><p>First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.</p><p>U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.</p><p>“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.</p><p>“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.</p><p>“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”</p><p>Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.</p><p>Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.</p><h2>Fear of unknown risks</h2><p>Wild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.</p><p>“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.</p><p>Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.</p><p>He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”</p><p>Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.</p><p>Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.</p><p>Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.</p><p>“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.</p><p>“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”</p><p>Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.</p><p>It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.</p><p>“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”</p><p>The Dow Jones Industrial Average shed 384 points Friday, the S&amp;P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","BK4585":"ETF&股票定投概念",".IXIC":"NASDAQ Composite","LU1861217088.USD":"贝莱德金融科技A2","SBNY":"签字银行","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","BK4588":"碎股","BK4211":"区域性银行",".SPX":"S&P 500 Index","BK4589":"SVB概念","BK4552":"Archegos爆仓风波概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4118":"综合性资本市场","BK4548":"巴美列捷福持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2320584107","content_text":"‘What does the Fed do next week if they don’t hike rates?’ asks Mullaney at Boston PartnersInvestors remain on edge about potential additional cracks in the U.S. banking system, a day after the biggest American banks injected $30 billion into First Republic. Here’s what investors want to know.First Republic Bank’s $30 billion injection from America’s biggest banks to help shore up confidence in the California-based lender and the overall U.S. banking system isn’t yet a mission accomplished.U.S. stocks continued to slide on Friday, with shares of financials under sharp pressure overall, but with shares of First Republic down 33.8%, or 81% on the year so far, according to FactSet.“I think one of the reasons why First Republic is down today has nothing to do with the fact that people are still concerned about if it is going to go under,” said Mark Stoeckle, CEO and senior portfolio manager at Adams Funds.“Investors are trying to wrap their heads around what it means for its business model and for earnings,” Stoeckle said, particularly with lenders and other financial institutions forced to recalibrate in the wake of the Federal Reserve’s aggressive pace of interest rate hikes.“We are only a week into this,” Stoeckle said. “What it’s going to take is time.”Higher rates have resulted in some $620 billion of unrealized losses at U.S. banks, as “safe,” low-coupon Treasury and agency mortgage securities from 2020 and 2021 have eroded in value as yields have risen.Another factor has been depositors migrating cash into today’s higher yielding Treasurys for income, including the 2-year about a week ago hit 5%, before it pulled back to 3.8%.Fear of unknown risksWild swings in bank stocks this week and in Treasury yields,as well as jitters about whether the Federal Reserve will keep raising its policy interest rate had investors navigating one of the worst weeks of volatility since the 2008 global financial crisis.“Many market participants have only experienced a systemic credit crunch once in their professional careers, and the ghost of the financial crisis and the Covid-19 market meltdown are their only historical comparisons,” said Steven Ricchiuto, U.S. chief economist at Mizuho Securities, in a Friday note.Ricchiuto cautioned against being “too hasty to draw parallels,” but also said it doesn’t mean there are “no real consequences” in financial markets following the failures of Silicon Valley Bank and Signature Bank, and emergency funding this week obtained by Credit Suisse and First Republic.He expects liquidity in the system to be reduced, consolidation in the banking system and for banks to clean up “their balance sheets of bad assets while raising additional capital.”Mike Mullaney, director of global market research at Boston Partners, said investors also will be keeping a close eye on how much banks end up relying on Fed facilities for liquidity.Borrowing at the Fed’s discount window rose to $153 billion in the past week through Wednesday, an record high, “but below 2009 levels as a share of aggregate U.S. bank deposits,” according to BofA Global.Another $11.9 billion was borrowed through a new Bank Term Funding Program rolled out about a week ago by the central bank.“There’s no question there’s been an increase in borrowing at the discount window, but most of that is the Federal Deposit Insurance Corp.,” Mullaney said, adding that’s likely related to their takeover of recently failed banks.“The wild card is the unknown,” Mullaney said. “We just don’t know if there are other SVBs lurking out there.”Another source of anxiety is what the Fed will do with interest rates at its meeting next week on March 21-22.It has been a volatile for traders in fed funds futures, but as of Friday, they were pricing in about a 70% chance of a 25 basis point hike to the Fed’s policy rate to a 4.75%-5% range.“I will say this, the important question is: What does the Fed do next week if they don’t hike rates,” Mullaney said. “What’s the message they send if they don’t? To me, it means basically panic mode, and investors are going to be running out of what they deem a burning building.”The Dow Jones Industrial Average shed 384 points Friday, the S&P 500 index fell 1.1% and the Nasdaq Composite Index dropped 0.7%, according to FactSet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033058805,"gmtCreate":1646173030985,"gmtModify":1676534097259,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Nice...","listText":"Nice...","text":"Nice...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9033058805","repostId":"1174986323","repostType":4,"repost":{"id":"1174986323","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":1646147021,"share":"https://ttm.financial/m/news/1174986323?lang=&edition=full_marsco","pubTime":"2022-03-01 23:03","market":"us","language":"en","title":"TSMC Shares Bucked the Trend and Rose 3% in Early Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1174986323","media":"Tiger Newspress","summary":"TSMC shares bucked the trend and rose 3% in early trading.","content":"<html><head></head><body><p>TSMC shares bucked the trend and rose 3% in early trading.</p><p><img src=\"https://static.tigerbbs.com/ec719039e88adba7b6a1d3f0d3998115\" tg-width=\"843\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></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>TSMC Shares Bucked the Trend and Rose 3% in Early Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Shares Bucked the Trend and Rose 3% in Early Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-01 23:03</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>TSMC shares bucked the trend and rose 3% in early trading.</p><p><img src=\"https://static.tigerbbs.com/ec719039e88adba7b6a1d3f0d3998115\" tg-width=\"843\" tg-height=\"618\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174986323","content_text":"TSMC shares bucked the trend and rose 3% in early trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943398009,"gmtCreate":1679101335102,"gmtModify":1679101338787,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943398009","repostId":"1128249733","repostType":2,"isVote":1,"tweetType":1,"viewCount":1206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9046276126,"gmtCreate":1656369833165,"gmtModify":1676535812887,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/C\">$Citigroup(C)$</a>Is this a good time to buy?","listText":"<a href=\"https://ttm.financial/S/C\">$Citigroup(C)$</a>Is this a good time to buy?","text":"$Citigroup(C)$Is this a good time to buy?","images":[{"img":"https://community-static.tradeup.com/news/e2dc72dce80909c408444f1770f693b3","width":"1080","height":"2267"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9046276126","isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4094168130074880","authorId":"4094168130074880","name":"Flochin","avatar":"https://static.tigerbbs.com/2e824b43138b0aa530164b5433a5564b","crmLevel":8,"crmLevelSwitch":1,"idStr":"4094168130074880","authorIdStr":"4094168130074880"},"content":"I sold 1 Jul15 $46 put for $1.03. That means if share falls below $46 from now till Jul 15, I pick up the shares @$46. My cost would be $46-1=$45. If it doesn’t, I keep the $1 as my profit.","text":"I sold 1 Jul15 $46 put for $1.03. That means if share falls below $46 from now till Jul 15, I pick up the shares @$46. My cost would be $46-1=$45. If it doesn’t, I keep the $1 as my profit.","html":"I sold 1 Jul15 $46 put for $1.03. That means if share falls below $46 from now till Jul 15, I pick up the shares @$46. My cost would be $46-1=$45. If it doesn’t, I keep the $1 as my profit."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9033482250,"gmtCreate":1646347671510,"gmtModify":1676534118975,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Hang in there! Brighter days ahead...","listText":"Hang in there! Brighter days ahead...","text":"Hang in there! Brighter days ahead...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9033482250","repostId":"1192357642","repostType":4,"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001545123,"gmtCreate":1641287795359,"gmtModify":1676533593269,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Great news...","listText":"Great news...","text":"Great news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9001545123","repostId":"1156511669","repostType":2,"repost":{"id":"1156511669","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":1641287811,"share":"https://ttm.financial/m/news/1156511669?lang=&edition=full_marsco","pubTime":"2022-01-04 17:16","market":"us","language":"en","title":"Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power","url":"https://stock-news.laohu8.com/highlight/detail?id=1156511669","media":"Tiger Newspress","summary":"Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting pow","content":"<html><head></head><body><p>Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power.<img src=\"https://static.tigerbbs.com/72f4eb10e6f6b04ab5594f04bfaf7866\" tg-width=\"773\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/>It has set up its annual meeting with a plan to expand voting power of its ClassB shares, consolidating control with its founder, chairman and CEO.</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>Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power</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\">\nSea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power\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\">2022-01-04 17:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power.<img src=\"https://static.tigerbbs.com/72f4eb10e6f6b04ab5594f04bfaf7866\" tg-width=\"773\" tg-height=\"565\" referrerpolicy=\"no-referrer\"/>It has set up its annual meeting with a plan to expand voting power of its ClassB shares, consolidating control with its founder, chairman and CEO.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156511669","content_text":"Sea rose over 1% in premarket trading as it set annual meeting with plan to boost class B voting power.It has set up its annual meeting with a plan to expand voting power of its ClassB shares, consolidating control with its founder, chairman and CEO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895495345,"gmtCreate":1628763215087,"gmtModify":1676529846111,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Hurray!","listText":"Hurray!","text":"Hurray!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/895495345","repostId":"2158256229","repostType":4,"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051353509,"gmtCreate":1654647246401,"gmtModify":1676535483940,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SIGA\">$SIGA Technologies Inc.(SIGA)$</a>Time to buy???","listText":"<a href=\"https://ttm.financial/S/SIGA\">$SIGA Technologies Inc.(SIGA)$</a>Time to buy???","text":"$SIGA Technologies Inc.(SIGA)$Time to buy???","images":[{"img":"https://community-static.tradeup.com/news/0cc5652da1657e0026ea8b7bfb0debc3","width":"1080","height":"2267"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9051353509","isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4105448386407270","authorId":"4105448386407270","name":"Juliannn","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":1,"idStr":"4105448386407270","authorIdStr":"4105448386407270"},"content":"Should be another day of bullish. Aiming for $13","text":"Should be another day of bullish. Aiming for $13","html":"Should be another day of bullish. Aiming for $13"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9019060386,"gmtCreate":1648505464234,"gmtModify":1676534345071,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Buy and hold...","listText":"Buy and hold...","text":"Buy and hold...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9019060386","repostId":"2222854767","repostType":4,"repost":{"id":"2222854767","kind":"highlight","pubTimestamp":1648465648,"share":"https://ttm.financial/m/news/2222854767?lang=&edition=full_marsco","pubTime":"2022-03-28 19:07","market":"us","language":"en","title":"3 Charts Show Why Nio Is a Buy After Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2222854767","media":"Motley Fool","summary":"Nio isn't making money yet, but its growth data resembles another well-known EV maker.","content":"<html><head></head><body><p>Recent headwinds affecting much of the global automotive industry are particularly difficult to navigate for companies in early stages of growth. Chinese EV maker <b>Nio</b> is one of those, and its recent production has been affected by the global semiconductor shortage and other raw material challenges.</p><p>But Nio is still growing with plans to expand its production capacity and geographic footprint this year. When it reported its fourth quarter and full year 2021 results, the company predicted its first quarter 2022 deliveries would remain relatively in line with the prior quarter. But a look at where it sits at this stage of growth compared to EV leader <b>Tesla</b> might give investors more optimism.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab77d84a3a345e31d53c645fe6453eab\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"/><span>Nio will begin delivering its ET7 luxury sedan next week. Image source: Nio.</span></p><h2>Delivery concerns will pass</h2><p>While investors were somewhat disappointed with Nio&#39;s guidance for March deliveries, the trend still continues to be higher. The following chart shows trailing-12-month (TTM) delivery data since the fall of 2020.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4c7ccaa5d46a8c0bb1894049ea508c05\" tg-width=\"700\" tg-height=\"421\" width=\"100%\" height=\"auto\"/><span>Data source: Nio financial releases. Chart by author.</span></p><p>The recent slowdown came first from the company&#39;s own work to retool its lines in preparation for its two new sedans that will begin deliveries this year. Another impact has been general supply chain issues being felt by many global automakers. But demand in both China and Europe remains strong. With the maintenance work complete and the supply chain situation likely to ease at some point, Nio deliveries should ramp back up to the higher rate of growth than it has experienced in recent months.</p><h2>Sales were solid</h2><p>While delivery numbers disappointed investors, Nio&#39;s revenue growth remains strong. Some of that added revenue comes from its subscription battery swap service. That offering is slated to expand and helps differentiate the company from competitors. Overall revenue for 2021 grew more than 125% over 2020, and exceeded the equivalent of $5 billion.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2b3a47bc2c30a955efc4591563f92354\" tg-width=\"700\" tg-height=\"456\" width=\"100%\" height=\"auto\"/><span>Data source: Nio financial releases. Chart by author.</span></p><p>That kind of sharp increase is reminiscent of the early days of Tesla&#39;s growth. And just as Tesla expanded its product line with the addition of its SUV offerings, Nio is poised to add two sedans to its offerings this year. As Tesla added vehicles, its revenue continued to soar as the chart below shows. Nio could see similar results.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/43f20c3148dd802a92e26342390de339\" tg-width=\"700\" tg-height=\"520\" width=\"100%\" height=\"auto\"/><span>Tesla reported net income of $5.5 billion in 2021.</span></p><h2>Valuation has improved</h2><p>Even prior to the recent earnings release, Nio shares have been in decline. That came from the aforementioned production concerns, along with risks related to geopolitical events including the war in Ukraine and regulatory worries in both China and the U.S.</p><p>With shares down nearly 40% year-to-date, Nio&#39;s valuation has dropped to a market capitalization of about $30 billion. A price-to-sales (P/S) ratio of under 6 takes some of the valuation risk down for investors. While there remain risks out of the company&#39;s control, Nio should continue to thrive operationally. Demand is strong, and it will begin shipping its new ET7 luxury sedan next week. As it expands outside of China, vehicle delivery growth should reaccelerate. That makes now a good time to get some exposure.</p></body></html>","source":"fool_stock","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>3 Charts Show Why Nio Is a Buy After Earnings</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\">\n3 Charts Show Why Nio Is a Buy After Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-28 19:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/03/27/3-charts-show-why-nio-is-a-buy-after-earnings/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Recent headwinds affecting much of the global automotive industry are particularly difficult to navigate for companies in early stages of growth. Chinese EV maker Nio is one of those, and its recent ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/03/27/3-charts-show-why-nio-is-a-buy-after-earnings/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4533":"AQR资本管理(全球第二大对冲基金)","BK4550":"红杉资本持仓","BK4555":"新能源车","BK4099":"汽车制造商","BK4511":"特斯拉概念","NIO":"蔚来","BK4527":"明星科技股","BK4574":"无人驾驶","BK4534":"瑞士信贷持仓","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","BK4523":"印度概念","BK4581":"高盛持仓"},"source_url":"https://www.fool.com/investing/2022/03/27/3-charts-show-why-nio-is-a-buy-after-earnings/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2222854767","content_text":"Recent headwinds affecting much of the global automotive industry are particularly difficult to navigate for companies in early stages of growth. Chinese EV maker Nio is one of those, and its recent production has been affected by the global semiconductor shortage and other raw material challenges.But Nio is still growing with plans to expand its production capacity and geographic footprint this year. When it reported its fourth quarter and full year 2021 results, the company predicted its first quarter 2022 deliveries would remain relatively in line with the prior quarter. But a look at where it sits at this stage of growth compared to EV leader Tesla might give investors more optimism.Nio will begin delivering its ET7 luxury sedan next week. Image source: Nio.Delivery concerns will passWhile investors were somewhat disappointed with Nio's guidance for March deliveries, the trend still continues to be higher. The following chart shows trailing-12-month (TTM) delivery data since the fall of 2020.Data source: Nio financial releases. Chart by author.The recent slowdown came first from the company's own work to retool its lines in preparation for its two new sedans that will begin deliveries this year. Another impact has been general supply chain issues being felt by many global automakers. But demand in both China and Europe remains strong. With the maintenance work complete and the supply chain situation likely to ease at some point, Nio deliveries should ramp back up to the higher rate of growth than it has experienced in recent months.Sales were solidWhile delivery numbers disappointed investors, Nio's revenue growth remains strong. Some of that added revenue comes from its subscription battery swap service. That offering is slated to expand and helps differentiate the company from competitors. Overall revenue for 2021 grew more than 125% over 2020, and exceeded the equivalent of $5 billion.Data source: Nio financial releases. Chart by author.That kind of sharp increase is reminiscent of the early days of Tesla's growth. And just as Tesla expanded its product line with the addition of its SUV offerings, Nio is poised to add two sedans to its offerings this year. As Tesla added vehicles, its revenue continued to soar as the chart below shows. Nio could see similar results.Tesla reported net income of $5.5 billion in 2021.Valuation has improvedEven prior to the recent earnings release, Nio shares have been in decline. That came from the aforementioned production concerns, along with risks related to geopolitical events including the war in Ukraine and regulatory worries in both China and the U.S.With shares down nearly 40% year-to-date, Nio's valuation has dropped to a market capitalization of about $30 billion. A price-to-sales (P/S) ratio of under 6 takes some of the valuation risk down for investors. While there remain risks out of the company's control, Nio should continue to thrive operationally. Demand is strong, and it will begin shipping its new ET7 luxury sedan next week. As it expands outside of China, vehicle delivery growth should reaccelerate. That makes now a good time to get some exposure.","news_type":1},"isVote":1,"tweetType":1,"viewCount":397,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033058465,"gmtCreate":1646173096711,"gmtModify":1676534097274,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Not good.... maybe it's time to buy and hold","listText":"Not good.... maybe it's time to buy and hold","text":"Not good.... maybe it's time to buy and hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9033058465","repostId":"1116744128","repostType":4,"repost":{"id":"1116744128","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":1646146036,"share":"https://ttm.financial/m/news/1116744128?lang=&edition=full_marsco","pubTime":"2022-03-01 22:47","market":"us","language":"en","title":"Sea Shares Fell More Than 8% in Early Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1116744128","media":"Tiger Newspress","summary":"Sea shares fell more than 8% in early trading.Sea reported quarterly losses of $(0.88) per share whi","content":"<html><head></head><body><p>Sea shares fell more than 8% in early trading.</p><p>Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.</p><p><img src=\"https://static.tigerbbs.com/3be639e7da1df7759f25945e56f925e8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></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>Sea Shares Fell More Than 8% in Early Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Shares Fell More Than 8% in Early Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-03-01 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Sea shares fell more than 8% in early trading.</p><p>Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.</p><p><img src=\"https://static.tigerbbs.com/3be639e7da1df7759f25945e56f925e8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116744128","content_text":"Sea shares fell more than 8% in early trading.Sea reported quarterly losses of $(0.88) per share which missed the analyst consensus estimate of $(0.59) by 49.15 percent. This is a 1.15 percent decrease over losses of $(0.87) per share from the same period last year. The company reported quarterly sales of $3.22 billion which beat the analyst consensus estimate of $2.91 billion by 10.72 percent. This is a 105.62 percent increase over sales of $1.57 billion the same period last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002569543,"gmtCreate":1642041842121,"gmtModify":1676533675275,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Thank you for the information!","listText":"Thank you for the information!","text":"Thank you for the information!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9002569543","repostId":"1104656045","repostType":4,"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":837271680,"gmtCreate":1629897540940,"gmtModify":1676530165445,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/837271680","repostId":"1179982896","repostType":4,"isVote":1,"tweetType":1,"viewCount":310,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896841272,"gmtCreate":1628571820896,"gmtModify":1703508343755,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"3h c1ny25$g6$fxcv68y7.30$ _6HH\"2÷-22:³.61x$Xmasc&nbsp;Z4vv vv2t77v8gxZ6bjyy","listText":"3h c1ny25$g6$fxcv68y7.30$ _6HH\"2÷-22:³.61x$Xmasc&nbsp;Z4vv vv2t77v8gxZ6bjyy","text":"3h c1ny25$g6$fxcv68y7.30$ _6HH\"2÷-22:³.61x$Xmasc Z4vv vv2t77v8gxZ6bjyy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/896841272","repostId":"1152604328","repostType":4,"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899714121,"gmtCreate":1628215112563,"gmtModify":1703503286826,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Wow!","listText":"Wow!","text":"Wow!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899714121","repostId":"2157456017","repostType":4,"isVote":1,"tweetType":1,"viewCount":298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961858106,"gmtCreate":1668914870006,"gmtModify":1676538127953,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Interesting...","listText":"Interesting...","text":"Interesting...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9961858106","repostId":"2284785084","repostType":4,"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9032001045,"gmtCreate":1647226024119,"gmtModify":1676534205112,"author":{"id":"3580689210488653","authorId":"3580689210488653","name":"SilentWarrio","avatar":"https://static.tigerbbs.com/c904a9b7d64fe6eb5230d2a57a74ffee","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3580689210488653","authorIdStr":"3580689210488653"},"themes":[],"htmlText":"Very interesting and informative article. I am more assured now buyingband holding on to SEA! Thank you!&nbsp;","listText":"Very interesting and informative article. I am more assured now buyingband holding on to SEA! Thank you!&nbsp;","text":"Very interesting and informative article. I am more assured now buyingband holding on to SEA! Thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9032001045","repostId":"1113393789","repostType":4,"repost":{"id":"1113393789","kind":"news","pubTimestamp":1647224040,"share":"https://ttm.financial/m/news/1113393789?lang=&edition=full_marsco","pubTime":"2022-03-14 10:14","market":"us","language":"en","title":"Sea: The 75% Crash, The Earnings And A Forecast","url":"https://stock-news.laohu8.com/highlight/detail?id=1113393789","media":"seekingalpha","summary":"SummarySea reported its Q4 and FY 2021 earnings in early March. The stock has dropped substantially ","content":"<html><head></head><body><h2>Summary</h2><ul><li>Sea reported its Q4 and FY 2021 earnings in early March. The stock has dropped substantially since then, bringing it down 75% from its high now.</li><li>We look at the numbers in full detail and look at several insights that we can get from the numbers. Context is extremely important here.</li><li>We also look at the guidance and the future of Garena, Shopee and SeaMoney.</li><li>Sea has a ton of optionality, some obvious, some less obvious.</li><li>I argue why I think the stock has become cheap now from the perspective of a long-term investor.</li><li>I do much more than just articles at Potential Multibaggers: Members get access to model portfolios, regular updates, a chat room, and more.</li></ul><p><img src=\"https://static.tigerbbs.com/1cff71f84c3894bd1998e1f56d28fff2\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>kokkai/iStock Unreleased via Getty Images</p><h2>Introduction</h2><p>Sea&#39;s (SE) stock price has dropped a lot over the last few months and the recent Q4 and FY 2021 earnings results added to that drop, dropping 13% on the day of the earnings.</p><p><img src=\"https://static.tigerbbs.com/8ceff132707f80aa77bf9cca72683517\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>The stock is now down 75% from its highs just a few months ago. And it is down ~58% year to date.</p><p><img src=\"https://static.tigerbbs.com/a44201e75874a9028274318e0053893c\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>To put this into a meaningful context, let&#39;s dive into the Q4 and FY 2021 earnings first, which were released on March 1. Then look at what worries investors and if to which level that is warranted or not.</p><h2>The results in numbers</h2><p>As a group, Sea&#39;s revenue was $3.2B inQ4 2021, up 105.7% YoY, another double. Gross profit came in at $1.3B, up 145.6%. That&#39;s already important to see and therefore I want to point it out: gross profits are up more than revenue. The company has substantially higher gross profits than revenue growth, which shows that its growth leads to cost advantages, also known as operating leverage.</p><p>The EBITDA, though, came in at a loss of $492.1M, while it was a positive $48.7M in Q4 2020, that strange year. We&#39;ll come back to this, but let&#39;s first look at Sea&#39;s different divisions.</p><h2>Garena</h2><p>Garena&#39;s revenue was $1.4B, up 104.1% YoY. Bookings were $1.1B, up just 6.8% YoY. It&#39;s essential to understand the difference between these two. Bookings are the money that gamers have already paid, but that money can only be recognized as revenue when they spend it. If they pay $50 but only spend $10 in Q1 2022, there will be $10 in revenue but $50 in bookings. In that way, bookings give you a window into the future.</p><p>The Garena EBITDA was $602.6M, down 10.11% YoY. That comes entirely from the margins going down from 65.5% to 55.7%. The QAUs or quarterly active users number was up 7.1% YoY. As you can see, this number is close to the 6.8% extra bookings and that&#39;s no coincidence as the two are linked closely.</p><p>The QPU or quarterly paying users were up 5.6% YoY to 77.2 million. That&#39;s 11.8% of all the QUAs, while that was 12% in Q4 2020. Don&#39;t forget that Q4 was an exceptional quarter because of the pandemic, so this is still pretty good and above pre-pandemic levels. The average paying user paid $1.70, unchanged from Q4 2020.</p><p>Free Fire remained the most downloaded game worldwide (for the third consecutive quarter) and ranked second when it came to monthly active users for all mobile games on Google Play for both the quarter and the full year. In Southeast Asia and Latin America, Free Fire remained the highest-grossing mobile game for the 10th consecutive quarter. Free Fire was the highest-grossing mobile battle royal game in the US for Q4 and FY 2021. All impressive achievements for a company with its first self-developed game.</p><p>What these numbers clearly show is that Free Fire, which accounts for about 75% of Garena&#39;s revenue, is still (here it comes)<i>firing</i>on all cylinders. It&#39;s a hugely successful game, and it keeps doing well, but the difference between Q4 2021 and Q4 2020 is, of course, that kids now have to go to school or college and, therefore, simply have less time to play their favorite game. Free Fire still grows, albeit modestly, which is a substantial accomplishment, although many won&#39;t see it like that. Overall, engagement in gaming has declined, as you can also see from the results from other gaming companies and that&#39;s not strange, considering the circumstances. We come back to Garena later in this article.</p><h2>Shopee</h2><p>Shopee&#39;s revenue came in at $1.6B, up 89.4% YoY, a very strong achievement, as this is also on top of a Covid-fueled Q4 2020. $1.3B came from marketplace revenue, up 103.5% YoY, the remaining $300M from product revenue, up 48.1% YoY. Product revenue is revenue from Shopee as 1P, in other words, products the company buys and sells itself, like the original Amazon model. As you can see, the marketplace revenue grows much faster, and of course, margins have the potential to be much higher there as well.</p><p>There were two billion gross orders in Q4 2021, resulting in 90.1% YoY growth, and total GMV came in at $18.2B. GMV stands for gross merchandise volume, meaning the total dollar amount of everything sold on the platform in Q4. GMV grew 52.7% YoY.</p><p>It&#39;s not strange to see this grow less outspoken than gross orders if you know the context. Shopee has launched in quite a few new markets recently (India, Mexico, Argentina...), and in new markets, people always tend to buy lower-priced items to test out the service. That lowers the average ticket price of items sold. With $18.2B and two billion orders, the average item cost is just above $9, relatively low, but you should see that go up over time, as it previously did in other markets.</p><p>The EBITDA for Shopee in Q4 was a loss of $877.7 million, more than doubling the EBITDA loss of 427.5M of Q4 2020. Again, this is the consequence of launching in new markets. If it launches,Shopeeinitially takes big losses because of free shipping and an extremely low take-rate (often zero) to onboard merchants. This could be another reason why investors are worried. In these times, interest rates are expected to grow. According to some banks, nine interest rate hikes areexpectedfor 2022 (which I don&#39;t see happening). Investors see this and they get scared about the big losses that Shopee brings to Sea. I&#39;ll address this worry later in the article.</p><p>In Southeast Asia and Taiwan, Shopee&#39;s original market, the EBITDA loss per order was $0.15, down from $0.21 in Q4 2020. That also shows that the bigger losses don&#39;t come from there, even though orders probably went up quite significantly. Again, the bigger losses came from the new markets Shopee invests in heavily to gain market share. It does that quite successfully, I should add.</p><h2>SeaMoney</h2><p>E-commerce platforms are not really that great when it comes to investing in them. The real value for shareholders is in the extra services built on top of them. Amazon launched Prime, MercadoLibre added MercadoPago and those are the real high-margin businesses that are interesting for the long-term investors that we are as Multis.</p><p>For Sea, SeaMoney is a great opportunity. Shopee is crucial in the acquisition of customers for SeaMoney. The service is fully integrated with Shopee. While Shopee&#39;s results were outstanding, SeaMoney&#39;s results were jaw-dropping.</p><p>Revenue was up 711.1% YoY to $197.5M in Q4. Of course, this was growing from a small basis, but that growth in just one year is always very impressive to see. At the same time, the EBITDA loss went down from $171.3M in last year&#39;s Q4 to $149.8M in Q4 2021. TPV (total payment volume) was up 70.1% YoY to $5B.</p><h2>In trouble or not?</h2><p>As you can guess, from the stock price drop, investors saw reasons that worried them. And a stock that is down 70% could indicate a company in trouble, right? Not so here.</p><h3>1. Garena</h3><p>Garena is seen as the main cause of the significant stock price drop. What mostly spooked investors was that several key metrics came down QoQ:</p><p><img src=\"https://static.tigerbbs.com/4285af7dc6e461e29bb2be62413b9792\" tg-width=\"308\" tg-height=\"421\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Earnings slides</p><p><img src=\"https://static.tigerbbs.com/1f487efbc5b4012d4ed433aeb7e0d3df\" tg-width=\"401\" tg-height=\"443\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Earnings slides</p><p><img src=\"https://static.tigerbbs.com/c7dd3b8252149dd4794e976231a52873\" tg-width=\"400\" tg-height=\"399\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Earnings slides</p><p><i>(Source:earnings call slides)</i></p><p>Especially the QPUs were down a lot compared to Q3 2021: 20%. QAUs were down 11.5% and bookings, the most important metric as this predicts the future revenue of Garena, 9%.</p><p>If you look at Activision Blizzard&#39;s (ATVI) resultsas a comparison, you see that Sea has actually done pretty well. Activision Blizzard&#39;s bookings were down 18.6% YoY already in Q4. However, it has to be said that Blizzard, the mobile gaming division, did better than the rest of the company&#39;s divisions, but still worse than Garena.</p><p>So, this is not a bad performance from Garena, but an industry-wide slowdown compared to that exceptional previous year that they had. You could argue that because of its core market in Southeast Asia, Garena&#39;s slowdown was slower to kick in as the pandemic restrictions were kept in place for a longer time there.</p><p>If you look at FY 2021, Garena&#39;s revenue was up 114.3% YoY to $4.3B, while bookings rose 44.3% YoY to $4.6B. For 2022, Sea projects bookings of $2.9B to $3.1B, which means 35% less than in 2021. While the adjusted EBTIDA was 60% of bookings in 2021, the current trend shows that this will probably be more between 50% and 55% going forward.</p><p>This was emphasized everywhere: Garena would no longer be a cash cow to fuel Sea&#39;s growth in its two other divisions. Some called this a huge problem. I can see the cause of the concerns, but I tend to disagree that this is a thesis-changing outlook if you consider this into a broader context, if you listen carefully to what management says, and especially if you look at the long term. Let me explain.</p><p>With $3B in bookings for FY 2022 and 50% EBITDA margins (both are very conservative, in my opinion), Garena would produce $1.5B in EBITDA for Sea. With $4.3B in bookings and 60% EBITDA margins, this was $2.58B in EBITDA in 2021. That&#39;s, give and take, a difference of $1.3B for one year, which is quite substantial, of course.</p><p>I think in reality, the difference will be smaller, as the company always guides very conservatively and on top of that, it has excluded India for the whole year, while there might be a solution coming, especially now that the Singaporean government has put its weight behind Sea versus the Indian government, asseveral sources have reported.</p><p>We still don&#39;t know why Free Fire was banned exactly. Did Garena partly use Chinese (Tencent) data centers? Seapointed out:</p><blockquote>We do not transfer to, or store any data of our Indian users in, China.</blockquote><p>Or was it the company structure, in which Tencent used to have quite some voting rights? Remarkably, Free Fire was banned just two days before Sea&#39;s General Meeting, which formalized the changes through which Tencent got less than 10% of the voting power.</p><p>Despite some Tencent ownership, Sea is entirely Singaporean and the relations between India and Singapore have been very good for a very long time. They signed the CECA (Comprehensive Economic Cooperation Agreement) in 2005 and Singapore is India&#39;s 5th-largest trading partner.</p><p>Forrest Li said on the conference call:</p><blockquote>We remain extremely focused on developing Garena&#39;s global platform, which we see as a key strategic asset in the long run.</blockquote><p>And in the press release:</p><blockquote>We are working on multiple prototype games across different stages through both self-development and publishing pipelines. In 2022 and beyond, we expect to expand our portfolio with more games across diverse genres such as multiplayer action, role-playing, sandbox and casual games.</blockquote><p>An analyst pressed a bit on the conference call, but Sea is not the company to announce long before. It only communicates when it can launch. But they are likely working on something new that can help Free Fire carry the burden of Garena. In 2020, it bought Phoenix Labs, the maker of Dauntless, and in 2021, it made investments in five other gaming companies. So I think they are working on something, but as is typical for the company, they only want to communicate when there is a launch date.</p><p>In 2023 (I think at the end of the year, but I haven&#39;t found explicit confirmation there), the current deal with Tencent (OTCPK:TCEHY) expires. Because of that deal, signed in 2018, the company has the first right to publish all Tencent games in Southeast Asia. So maybe that deal could be extended, maybe not. In any case, I think Garena needs a second game before that, just to hedge against a less favorable or no deal anymore.</p><p>Forrest Li addressed this issue and pointed out that next to developing their own games, Garena could expand their distribution deals beyond Tencent.</p><blockquote>Over the long-term, our priority remains sustaining and growing our existing major franchises, while diversifying our games portfolio. Our strong and growing self-development capabilities will be a key component of this diversification effort. Our teams are working on multiple prototype games across different genres and stages.</blockquote><blockquote>In due course, we expect to bring more self-developed games to market. We also continue to actively acquire and invest in top talent and game IP to further expand our capabilities of both genre and geographies. Meanwhile, we will keep growing our publishing relationships, leveraging our unique set of strengths across diverse global markets.</blockquote><p>Garena is also already working on the metaverse. Forrest Li onthe conference call:</p><blockquote>Additionally, we have seen strong engagements with user-generated content through modes like Craftland, our recently introduced map editor feature. Since the launch the most popular Craftland maps have subscribed by close to 40 million users so far.</blockquote><blockquote>We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.</blockquote><h3>2. Shopee</h3><p>With a negative EBITDA of $877M in a quarter, Shopee could be a reason to worry as well, especially now that Garena will be less profitable. Shopee had a negative $0.15 EBITDA per order. With two billion orders in a quarter, that&#39;s problematic, you would think. But it&#39;s not. Shopee is the number one marketplace now in all of its Southeastern Asian markets, even Indonesia, which was confirmed in the press release (my italics).</p><blockquote>In<i>Indonesia, where Shopee is the largest e-commerce platform</i>, gross orders grew by around 88% year-on-year. Shopee also continued to rank first in the Shopping category by average monthly active users and total time spent in-app for the fourth quarter and for the full year of 2021, according todata.ai.</blockquote><p>That&#39;s very exciting. Indonesia is expected to be one of the top-5 economies in 2050 (after China, the US, and India). Even if that prediction proves to be too optimistic, it&#39;s still a huge country with a huge population and huge growth perspectives.</p><p>Suppose the Garena projections would be accurate. $1.5B in EBITDA for Sea. That&#39;s free money, so to speak, to grow the two other businesses. Mercado Libre (MELI), Shopee&#39;s most significant competitor in LatAm, doesn&#39;t have that highly profitable division. GoTo, the company formed by Gojek and Tokopedia, the only really powerful competitor in Indonesia, doesn&#39;t have that capital either. Lazada, owned by Alibaba, has the firepower, of course, but it has had that for years and still, it lost its dominant position to Shopee over time. Shopee is the number one in all of the countries it launched in originally: Indonesia, the Philippines, Taiwan, Thailand, Malaysia, Singapore and Vietnam.</p><p>Being the biggest gives Sea leverage. Would you skip to another platform for $0.15 extra on an order of probably around $15 (as that&#39;s probably the current order size in SEA by now)? That&#39;s just 1%. I know that I wouldn&#39;t.</p><p>This is what Forrest Li, Sea&#39;s founder and CEO, said on the conference call:</p><blockquote>We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year.</blockquote><p>I&#39;m not sure what &#39;HQ cost allocation&#39; is precisely and that could have been made clearer. Is it a form of G&amp;A (general and administrative costs)? I like that Sea gives us a lot of insights in their business, much more than, for example, Amazon or Google do, but this should have been made clearer to know the impact.</p><p>But for the rest, this is good. In its guidance, Sea expects Shopee&#39;s revenue to grow by more than 75% in 2022 to $8.9B to $9.1B. It would be a good development if that can be profitable, or even at just a slight loss (after &#39;HQ cost allocation&#39;) in Shopee&#39;s core market. That means that the money that Garena still generates (and about $10B on the balance sheet) can be used to grow Shopee in Brazil and even earlier markets. From thepress release:</p><blockquote>In Brazil, where Shopee was launched in late 2019, we have already achieved strong traction with meaningful commercialization and improving efficiency.</blockquote><p>As you see, even in Brazil, the efficiency is improving, just barely two years after the launch.</p><p>Investors often make projections by drawing lines. From negative EBITDA of $427M to negative $877M, a red alarm goes off in their head, signaling that this is unsustainable. And, of course, it is. But you can&#39;t just draw a line from a loss of $427M to $877M to even more losses. Bringing things to the essence is very important in investing, but it is too complicated to make it too simple.</p><p>Of course, you should still expect negative EBITDA next year, as Shopee expects to continue investing heavily in Brazil. Forrest Li on the conference call:</p><blockquote>Broadly speaking Shopee LatAm and Brazil in particular, as well as R&amp;D will be our top two focus areas for investments. Our investments and the overall impact on the bottom line is likely front-loaded as unit economics and profitability for our businesses generally improve with scale.</blockquote><p>Forrest Li has shown that he executes when he talks. It&#39;s very rare for him to pound his chest. This time, he did that a bit, though, probably to comfort his shareholders, pointing out that Shopee has already been very successful in seven very diverse markets before. Here you see why I say that he pounds his chest because of Sea&#39;s shareholders (<i>my bold</i>):</p><blockquote>Of course, it&#39;d be much easier operationally for us to just focus on the seven existing core markets for Shopee. However, we strongly believe that by investing prudently and sustainably in Shopee Lat Am and Brazil in particular,<b>we will generate significant value for our shareholders in the long run.</b></blockquote><blockquote>While we do not underestimate the challenges of any new market expansion, I would also like to highlight that we have an established track record, seven times in seven highly diverse and complex markets of Southeast Asia and Taiwan, where we started in each of those markets in 2015. We have significantly net resources, experience and the know-how and as a result, find a much more formidable competitive landscape that we currently do in our market expansion.</blockquote><p>I really like this whole quote, as it shows everything I like about Sea and Forrest Li. They don&#39;t take the easy road that would be easiest for the short term; they look at this from a long-term perspective. As a long-term investor, that&#39;s music to my ears. Li also doesn&#39;t deny that it&#39;s hard what Shopee tries, but he shows that Shopee has the experience of seven different countries. Many investors who don&#39;t live in Southeast Asia may see the region as one part of the world, but the reality is that all countries are entirely different. For example, Singapore is a wealthy city-state with one of the lowest corruption rates in the world (far better than the US and most European countries). On the other hand, Indonesia is a conglomerate of thousands of islands, which is much earlier in its development and has a ton of internal regional differences. And those are just two of the seven.</p><p>Shopee sees big success in Brazil. In Q4 2021, it had 140 million orders, up 400% YoY for $70M of revenue, up 326% YoY. That means that there was just $0.50 of revenue for Shopee per order, and there was a significant loss on every order, of course. The company shared in its press release that the EBITDA loss per order improved by more than 40% YoY, to below $2.00. But that still means an EBITDA loss of $280M in just a quarter. For 2022, you can expect the same thing: improving losses, but still, substantial losses. While that may sound scary, it&#39;s part of Shopee&#39;s success formula.</p><p>In just two years, Shopee Brazil managed to rank first by downloads in the shopping category and total time spent in-app and second by average monthly active users in Brazil. That&#39;s simply insane. If you see this, and you can separate yourself from your emotions about the stock price, I think you see that the potential for Sea is vast.</p><p>If you look worldwide, Shopee ranked first for downloads in the shopping category both for Q4 and for FY 2021. Shopee also ranked first globally regarding total time spent in-app for shopping on Google Play. The iPhone is primarily a Western story; outside of the US and Western Europe, Google&#39;s Android dominates the market by a gigantic market share of probably 90%, so this is very important. Shopee also ranked second worldwide on Google Play when it came to average MAUs (monthly active users) in Q4 and FY 2021.</p><p>Shopee is on track to go to nearly $100B in GMV in 2022. That means that whole families depend on the platform, both from the merchant and customer sides. That means that Shopee has pricing power, even if that will always be limited because of the competition. It can add several extra monetizable services for merchants (ads, more insights, gamification, etc.) and it could introduce some sort of Amazon (AMZN) Prime formula in the future, especially if you combine it with its two other current divisions.</p><h3>3. SeaMoney</h3><p>SeaMoney is crucial for Sea over the longer term. With revenue growth of 711% in 2021, the comps are of course hard, but Sea sees growth of 155% to $1.2B at the midpoint for the current year on top of that 711% growth. And if history is a guide, it will probably beat that guidance.</p><p>The company even expects SeaMoney to be cashflow positive by next year, showing how quickly this can scale. Of course, there are high upfront costs, and the investments will continue, but the relatively higher gross margins and flexibility promise many good things for the future. Once the banking charters Sea has obtained in several countries start to kick in more and more, this will mean even more profitability for SeaMoney.</p><p>The operating leverage also shows in the number of users. The QAUs (quarterly average users) went up 89.7%. Do you see the huge difference between user growth and revenue growth (remember 711%)? That&#39;s just the start for SeaMoney but it shows the vast potential.</p><p>One of the reasons is cross-selling, just like MercadoPago has done and is continuing to do, for example, with MercadoCredito. From Sea&#39;spress release:</p><blockquote>In Indonesia, which has the most comprehensive set of products and services among our markets, over 20% of the quarterly active users have used multiple SeaMoney products or services in the fourth quarter. We view this as a highly positive indicator of the strong efficiencies we can leverage in bringing new offerings to our large and fast-growing user base on the Shopee and SeaMoney platforms, which are both highly synergistic with one another and enjoy a strong flywheel effect in the scaling of each platform.</blockquote><p>Again, I should add that this is just the start. More and more products will be added in more and more markets. Again from the press release:</p><blockquote>We also expanded various products offerings including credit services to consumers and merchants across more markets, started offering services in digital banking and insurtech in Indonesia and obtained a bank license in the Philippines.</blockquote><p>That was new for me too. I didn&#39;t know that Sea already had a banking license in The Philippines. This is very interesting. The Philippines are another big market that is growing fast. I also didn&#39;t know that it started with insurtech in Indonesia. Sea now has banking licenses in Singapore, The Philippines and Indonesia (through the acquisition of Bank BKE) and has applied for one in Malaysia.</p><p>Shopee Brazil could launch SeaMoney (usually commercialized as ShopeePay) in a few years and other Latin American countries could follow. So there is still a ton of optionality.</p><h2>Summary of the outlook</h2><p>While some things look frightening without context, I think you should focus on what Sea is building over the long term. It has the financial power to continue to expand its reach. Yes, Garena is now back at 2020 levels, but that&#39;s not too bad. Shopee and SeaMoney have grown so fast that they can now use their scale advantages more and more. Shopee in Southeast Asia should be EBITDA positive this year already and SeaMoney next year.</p><p>Forrest Li on the conference call:</p><blockquote>As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.</blockquote><blockquote>We believe that we have the financial resources required to grow the two businesses to the inflection point without having to heavily rely on cash generated from the digital entertainment business. Of course, any additional growth from Garena will further strengthen our position.</blockquote><p>I think that this should give investors confidence. After all, Forrest Li has executed outstandingly so far; why not believe him now?</p><h2>Optionality</h2><p>The most important thing about Sea is that it still has so much optionality. Opportunities abound. Don&#39;t forget that the company has SAIL, which stands for Sea AI Labs. It spends a lot on R&amp;D there. Who knows, it may come up with a version of Upstart&#39;s AI for loans? It would definitely make sense. It could give its Shopee shoppers better recommendations, making them buy more. It could offer business software for its merchants to help them to sell better on Shopee. I&#39;m tired of the overhyped term metaverse, but with gaming, AI, shopping and an integrated payment solution, Sea seems to be fully ready when it would take off too. I&#39;m just thinking of some obvious ideas here, but there is a lot more.</p><p>There&#39;s also ShopeeFood, a food delivery service integrated into Shopee in a few markets. We probably all know that this is another very low-margin business, but if you can combine it with shopping (on Shopee) and grocery deliveries, it can be much more profitable, as Meituan has shown in China or Uber Eats shows for Uber (UBER). Just for the record, I&#39;m not a fan of Uber&#39;s business model but if there is anything good about this company its the Uber Eats division, in my opinion.</p><p>And those are just two existing divisions of Sea. The company has tried out several things in the past. It tries things out and kills them fast when they don&#39;t work. They had a sort of business communication platform at one time, a bit like Slack, but it was shut down after a few months. They launched Shopee in France, they saw it didn&#39;t work and they shut it down after just five months. That&#39;s at least as important as innovation: knowing when to stop wasting money and Sea has a good track record there as well.</p><h2>Valuation</h2><p>This is the P/S ratio of the stock since the IPO:</p><p><img src=\"https://static.tigerbbs.com/ed531584cceb657f74a305deccb360f4\" tg-width=\"635\" tg-height=\"417\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>As you can see, the valuation based on the P/S ratio is now almost at its lowest point ever, despite the fact that Sea is a much better and bigger company now, which means less risk.</p><p><img src=\"https://static.tigerbbs.com/64cd0f71b428c704d7f9816e330b04bc\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYCharts</p><p>If you look at Enterprise value divided by gross profit, it&#39;s even more apparent how cheap Sea has become.</p><p>If you divide Enterprise Value and Gross Profit, you see that Sea trades at an EV/GP of 12.48.</p><p>I recently used a few companies as examples in myTwilio valuation article. These numbers have changed a bit, so I have updated them.</p><p><img src=\"https://static.tigerbbs.com/2a239f0d913b7ff4356ef655615744aa\" tg-width=\"462\" tg-height=\"291\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Made by the author</p><p>Sea is expected to grow its revenue faster than all of these over the next three years. The consensus stands at 34%. I know that Sea has guided for &#39;just&#39; 32% growth next year but I think this will prove to be very conservative, as Sea usually sandbags the guidance.</p><p>EV/GP shows what a company<i>could</i>make, now or in the future. For the more mature companies, that&#39;s now, which means that their growth is slower. For younger companies like Sea, growth is still higher and you should expect profitability to only kick in later, as it&#39;s still growing fast. You want them to keep investing, but of course that growth must be sustainable. A company must have the means to fund its growth. With the cash that Garena still makes, the higher emphasis on profitability for Shopee and SeaMoney and Sea&#39;s big war chest of more than $10B, I don&#39;t think this is a problem. I believe Sea is cheap here.</p><p>Some might argue that the stock is still expensive because of the pandemic. But if we look at the pre-pandemic levels and compare to now, you see that the revenue and especially gross profit have gone up a lot more than the market cap.</p><p><img src=\"https://static.tigerbbs.com/ebf6c2d37c11d296812cb0bcd0083c68\" tg-width=\"635\" tg-height=\"450\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Data byYChartsHigher risk</p><p>There is risk in every investment and there is no denying that the uncertainties have grown recently for Sea:</p><p>* What about Garena&#39;s slowdown? Will that continue in the future?</p><p>* What about Free Fire in India?</p><p>* What about Shopee in India? Could it be targeted as well?</p><p>* What about Sea&#39;s relation with Tencent? Will it still be the preferred distributor of Tencent games in Southeast Asia after 2023?</p><p>Despite the fact that Sea has grown into my biggest position (I started buying at $54), I shouldn&#39;t be too emotional about this and acknowledge that the risks have indeed grown recently. It will probably remain my biggest position and I will keep adding to my position, especially at these low prices, but I just can&#39;t ignore the higher risks that have emerged in the last few months. But the path of every fantastic stock ever has been paved with worries. For Sea, this is no different.</p><h2>Conclusion</h2><p>Despite a good quarter, Sea&#39;s stock price keeps slumping. It&#39;s down 75% from its recent highs now. That has made the stock cheap, in my opinion, which, of course, doesn&#39;t mean it can&#39;t go down more over the short term. I&#39;ll keep scaling in slowly over time. I still strongly believe that this company will become a giant over time.</p><p>It now has as much chance, or maybe even more, to go 10x from here than when I picked it for my subscribers almost two years ago at $54. As long as it keeps executing, and these earnings again proved that, it will remain a very high conviction stock for the long term for me.</p><p><i>In the meantime, keep growing!</i></p></body></html>","source":"lsy1638401102509","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>Sea: The 75% Crash, The Earnings And A Forecast</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\">\nSea: The 75% Crash, The Earnings And A Forecast\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-14 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4494978-sea-the-75-percent-crash-the-earnings-and-a-forecast><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummarySea reported its Q4 and FY 2021 earnings in early March. The stock has dropped substantially since then, bringing it down 75% from its high now.We look at the numbers in full detail and look at...</p>\n\n<a href=\"https://seekingalpha.com/article/4494978-sea-the-75-percent-crash-the-earnings-and-a-forecast\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4494978-sea-the-75-percent-crash-the-earnings-and-a-forecast","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1113393789","content_text":"SummarySea reported its Q4 and FY 2021 earnings in early March. The stock has dropped substantially since then, bringing it down 75% from its high now.We look at the numbers in full detail and look at several insights that we can get from the numbers. Context is extremely important here.We also look at the guidance and the future of Garena, Shopee and SeaMoney.Sea has a ton of optionality, some obvious, some less obvious.I argue why I think the stock has become cheap now from the perspective of a long-term investor.I do much more than just articles at Potential Multibaggers: Members get access to model portfolios, regular updates, a chat room, and more.kokkai/iStock Unreleased via Getty ImagesIntroductionSea's (SE) stock price has dropped a lot over the last few months and the recent Q4 and FY 2021 earnings results added to that drop, dropping 13% on the day of the earnings.Data byYChartsThe stock is now down 75% from its highs just a few months ago. And it is down ~58% year to date.Data byYChartsTo put this into a meaningful context, let's dive into the Q4 and FY 2021 earnings first, which were released on March 1. Then look at what worries investors and if to which level that is warranted or not.The results in numbersAs a group, Sea's revenue was $3.2B inQ4 2021, up 105.7% YoY, another double. Gross profit came in at $1.3B, up 145.6%. That's already important to see and therefore I want to point it out: gross profits are up more than revenue. The company has substantially higher gross profits than revenue growth, which shows that its growth leads to cost advantages, also known as operating leverage.The EBITDA, though, came in at a loss of $492.1M, while it was a positive $48.7M in Q4 2020, that strange year. We'll come back to this, but let's first look at Sea's different divisions.GarenaGarena's revenue was $1.4B, up 104.1% YoY. Bookings were $1.1B, up just 6.8% YoY. It's essential to understand the difference between these two. Bookings are the money that gamers have already paid, but that money can only be recognized as revenue when they spend it. If they pay $50 but only spend $10 in Q1 2022, there will be $10 in revenue but $50 in bookings. In that way, bookings give you a window into the future.The Garena EBITDA was $602.6M, down 10.11% YoY. That comes entirely from the margins going down from 65.5% to 55.7%. The QAUs or quarterly active users number was up 7.1% YoY. As you can see, this number is close to the 6.8% extra bookings and that's no coincidence as the two are linked closely.The QPU or quarterly paying users were up 5.6% YoY to 77.2 million. That's 11.8% of all the QUAs, while that was 12% in Q4 2020. Don't forget that Q4 was an exceptional quarter because of the pandemic, so this is still pretty good and above pre-pandemic levels. The average paying user paid $1.70, unchanged from Q4 2020.Free Fire remained the most downloaded game worldwide (for the third consecutive quarter) and ranked second when it came to monthly active users for all mobile games on Google Play for both the quarter and the full year. In Southeast Asia and Latin America, Free Fire remained the highest-grossing mobile game for the 10th consecutive quarter. Free Fire was the highest-grossing mobile battle royal game in the US for Q4 and FY 2021. All impressive achievements for a company with its first self-developed game.What these numbers clearly show is that Free Fire, which accounts for about 75% of Garena's revenue, is still (here it comes)firingon all cylinders. It's a hugely successful game, and it keeps doing well, but the difference between Q4 2021 and Q4 2020 is, of course, that kids now have to go to school or college and, therefore, simply have less time to play their favorite game. Free Fire still grows, albeit modestly, which is a substantial accomplishment, although many won't see it like that. Overall, engagement in gaming has declined, as you can also see from the results from other gaming companies and that's not strange, considering the circumstances. We come back to Garena later in this article.ShopeeShopee's revenue came in at $1.6B, up 89.4% YoY, a very strong achievement, as this is also on top of a Covid-fueled Q4 2020. $1.3B came from marketplace revenue, up 103.5% YoY, the remaining $300M from product revenue, up 48.1% YoY. Product revenue is revenue from Shopee as 1P, in other words, products the company buys and sells itself, like the original Amazon model. As you can see, the marketplace revenue grows much faster, and of course, margins have the potential to be much higher there as well.There were two billion gross orders in Q4 2021, resulting in 90.1% YoY growth, and total GMV came in at $18.2B. GMV stands for gross merchandise volume, meaning the total dollar amount of everything sold on the platform in Q4. GMV grew 52.7% YoY.It's not strange to see this grow less outspoken than gross orders if you know the context. Shopee has launched in quite a few new markets recently (India, Mexico, Argentina...), and in new markets, people always tend to buy lower-priced items to test out the service. That lowers the average ticket price of items sold. With $18.2B and two billion orders, the average item cost is just above $9, relatively low, but you should see that go up over time, as it previously did in other markets.The EBITDA for Shopee in Q4 was a loss of $877.7 million, more than doubling the EBITDA loss of 427.5M of Q4 2020. Again, this is the consequence of launching in new markets. If it launches,Shopeeinitially takes big losses because of free shipping and an extremely low take-rate (often zero) to onboard merchants. This could be another reason why investors are worried. In these times, interest rates are expected to grow. According to some banks, nine interest rate hikes areexpectedfor 2022 (which I don't see happening). Investors see this and they get scared about the big losses that Shopee brings to Sea. I'll address this worry later in the article.In Southeast Asia and Taiwan, Shopee's original market, the EBITDA loss per order was $0.15, down from $0.21 in Q4 2020. That also shows that the bigger losses don't come from there, even though orders probably went up quite significantly. Again, the bigger losses came from the new markets Shopee invests in heavily to gain market share. It does that quite successfully, I should add.SeaMoneyE-commerce platforms are not really that great when it comes to investing in them. The real value for shareholders is in the extra services built on top of them. Amazon launched Prime, MercadoLibre added MercadoPago and those are the real high-margin businesses that are interesting for the long-term investors that we are as Multis.For Sea, SeaMoney is a great opportunity. Shopee is crucial in the acquisition of customers for SeaMoney. The service is fully integrated with Shopee. While Shopee's results were outstanding, SeaMoney's results were jaw-dropping.Revenue was up 711.1% YoY to $197.5M in Q4. Of course, this was growing from a small basis, but that growth in just one year is always very impressive to see. At the same time, the EBITDA loss went down from $171.3M in last year's Q4 to $149.8M in Q4 2021. TPV (total payment volume) was up 70.1% YoY to $5B.In trouble or not?As you can guess, from the stock price drop, investors saw reasons that worried them. And a stock that is down 70% could indicate a company in trouble, right? Not so here.1. GarenaGarena is seen as the main cause of the significant stock price drop. What mostly spooked investors was that several key metrics came down QoQ:Earnings slidesEarnings slidesEarnings slides(Source:earnings call slides)Especially the QPUs were down a lot compared to Q3 2021: 20%. QAUs were down 11.5% and bookings, the most important metric as this predicts the future revenue of Garena, 9%.If you look at Activision Blizzard's (ATVI) resultsas a comparison, you see that Sea has actually done pretty well. Activision Blizzard's bookings were down 18.6% YoY already in Q4. However, it has to be said that Blizzard, the mobile gaming division, did better than the rest of the company's divisions, but still worse than Garena.So, this is not a bad performance from Garena, but an industry-wide slowdown compared to that exceptional previous year that they had. You could argue that because of its core market in Southeast Asia, Garena's slowdown was slower to kick in as the pandemic restrictions were kept in place for a longer time there.If you look at FY 2021, Garena's revenue was up 114.3% YoY to $4.3B, while bookings rose 44.3% YoY to $4.6B. For 2022, Sea projects bookings of $2.9B to $3.1B, which means 35% less than in 2021. While the adjusted EBTIDA was 60% of bookings in 2021, the current trend shows that this will probably be more between 50% and 55% going forward.This was emphasized everywhere: Garena would no longer be a cash cow to fuel Sea's growth in its two other divisions. Some called this a huge problem. I can see the cause of the concerns, but I tend to disagree that this is a thesis-changing outlook if you consider this into a broader context, if you listen carefully to what management says, and especially if you look at the long term. Let me explain.With $3B in bookings for FY 2022 and 50% EBITDA margins (both are very conservative, in my opinion), Garena would produce $1.5B in EBITDA for Sea. With $4.3B in bookings and 60% EBITDA margins, this was $2.58B in EBITDA in 2021. That's, give and take, a difference of $1.3B for one year, which is quite substantial, of course.I think in reality, the difference will be smaller, as the company always guides very conservatively and on top of that, it has excluded India for the whole year, while there might be a solution coming, especially now that the Singaporean government has put its weight behind Sea versus the Indian government, asseveral sources have reported.We still don't know why Free Fire was banned exactly. Did Garena partly use Chinese (Tencent) data centers? Seapointed out:We do not transfer to, or store any data of our Indian users in, China.Or was it the company structure, in which Tencent used to have quite some voting rights? Remarkably, Free Fire was banned just two days before Sea's General Meeting, which formalized the changes through which Tencent got less than 10% of the voting power.Despite some Tencent ownership, Sea is entirely Singaporean and the relations between India and Singapore have been very good for a very long time. They signed the CECA (Comprehensive Economic Cooperation Agreement) in 2005 and Singapore is India's 5th-largest trading partner.Forrest Li said on the conference call:We remain extremely focused on developing Garena's global platform, which we see as a key strategic asset in the long run.And in the press release:We are working on multiple prototype games across different stages through both self-development and publishing pipelines. In 2022 and beyond, we expect to expand our portfolio with more games across diverse genres such as multiplayer action, role-playing, sandbox and casual games.An analyst pressed a bit on the conference call, but Sea is not the company to announce long before. It only communicates when it can launch. But they are likely working on something new that can help Free Fire carry the burden of Garena. In 2020, it bought Phoenix Labs, the maker of Dauntless, and in 2021, it made investments in five other gaming companies. So I think they are working on something, but as is typical for the company, they only want to communicate when there is a launch date.In 2023 (I think at the end of the year, but I haven't found explicit confirmation there), the current deal with Tencent (OTCPK:TCEHY) expires. Because of that deal, signed in 2018, the company has the first right to publish all Tencent games in Southeast Asia. So maybe that deal could be extended, maybe not. In any case, I think Garena needs a second game before that, just to hedge against a less favorable or no deal anymore.Forrest Li addressed this issue and pointed out that next to developing their own games, Garena could expand their distribution deals beyond Tencent.Over the long-term, our priority remains sustaining and growing our existing major franchises, while diversifying our games portfolio. Our strong and growing self-development capabilities will be a key component of this diversification effort. Our teams are working on multiple prototype games across different genres and stages.In due course, we expect to bring more self-developed games to market. We also continue to actively acquire and invest in top talent and game IP to further expand our capabilities of both genre and geographies. Meanwhile, we will keep growing our publishing relationships, leveraging our unique set of strengths across diverse global markets.Garena is also already working on the metaverse. Forrest Li onthe conference call:Additionally, we have seen strong engagements with user-generated content through modes like Craftland, our recently introduced map editor feature. Since the launch the most popular Craftland maps have subscribed by close to 40 million users so far.We will continue to encourage user-generated content by enhancing greater features and accessibility. We believe that a strong user reception to Craftland is a positive indicator of the initial success to encourage user participation in content creation and to build Free Fire into an increasingly open platform and is well aligned with major emerging industry trends such as metaverse.2. ShopeeWith a negative EBITDA of $877M in a quarter, Shopee could be a reason to worry as well, especially now that Garena will be less profitable. Shopee had a negative $0.15 EBITDA per order. With two billion orders in a quarter, that's problematic, you would think. But it's not. Shopee is the number one marketplace now in all of its Southeastern Asian markets, even Indonesia, which was confirmed in the press release (my italics).InIndonesia, where Shopee is the largest e-commerce platform, gross orders grew by around 88% year-on-year. Shopee also continued to rank first in the Shopping category by average monthly active users and total time spent in-app for the fourth quarter and for the full year of 2021, according todata.ai.That's very exciting. Indonesia is expected to be one of the top-5 economies in 2050 (after China, the US, and India). Even if that prediction proves to be too optimistic, it's still a huge country with a huge population and huge growth perspectives.Suppose the Garena projections would be accurate. $1.5B in EBITDA for Sea. That's free money, so to speak, to grow the two other businesses. Mercado Libre (MELI), Shopee's most significant competitor in LatAm, doesn't have that highly profitable division. GoTo, the company formed by Gojek and Tokopedia, the only really powerful competitor in Indonesia, doesn't have that capital either. Lazada, owned by Alibaba, has the firepower, of course, but it has had that for years and still, it lost its dominant position to Shopee over time. Shopee is the number one in all of the countries it launched in originally: Indonesia, the Philippines, Taiwan, Thailand, Malaysia, Singapore and Vietnam.Being the biggest gives Sea leverage. Would you skip to another platform for $0.15 extra on an order of probably around $15 (as that's probably the current order size in SEA by now)? That's just 1%. I know that I wouldn't.This is what Forrest Li, Sea's founder and CEO, said on the conference call:We currently expect Shopee to achieve positive adjusted EBITDA before HQ cost allocation in Southeast Asia and Taiwan by this year.I'm not sure what 'HQ cost allocation' is precisely and that could have been made clearer. Is it a form of G&A (general and administrative costs)? I like that Sea gives us a lot of insights in their business, much more than, for example, Amazon or Google do, but this should have been made clearer to know the impact.But for the rest, this is good. In its guidance, Sea expects Shopee's revenue to grow by more than 75% in 2022 to $8.9B to $9.1B. It would be a good development if that can be profitable, or even at just a slight loss (after 'HQ cost allocation') in Shopee's core market. That means that the money that Garena still generates (and about $10B on the balance sheet) can be used to grow Shopee in Brazil and even earlier markets. From thepress release:In Brazil, where Shopee was launched in late 2019, we have already achieved strong traction with meaningful commercialization and improving efficiency.As you see, even in Brazil, the efficiency is improving, just barely two years after the launch.Investors often make projections by drawing lines. From negative EBITDA of $427M to negative $877M, a red alarm goes off in their head, signaling that this is unsustainable. And, of course, it is. But you can't just draw a line from a loss of $427M to $877M to even more losses. Bringing things to the essence is very important in investing, but it is too complicated to make it too simple.Of course, you should still expect negative EBITDA next year, as Shopee expects to continue investing heavily in Brazil. Forrest Li on the conference call:Broadly speaking Shopee LatAm and Brazil in particular, as well as R&D will be our top two focus areas for investments. Our investments and the overall impact on the bottom line is likely front-loaded as unit economics and profitability for our businesses generally improve with scale.Forrest Li has shown that he executes when he talks. It's very rare for him to pound his chest. This time, he did that a bit, though, probably to comfort his shareholders, pointing out that Shopee has already been very successful in seven very diverse markets before. Here you see why I say that he pounds his chest because of Sea's shareholders (my bold):Of course, it'd be much easier operationally for us to just focus on the seven existing core markets for Shopee. However, we strongly believe that by investing prudently and sustainably in Shopee Lat Am and Brazil in particular,we will generate significant value for our shareholders in the long run.While we do not underestimate the challenges of any new market expansion, I would also like to highlight that we have an established track record, seven times in seven highly diverse and complex markets of Southeast Asia and Taiwan, where we started in each of those markets in 2015. We have significantly net resources, experience and the know-how and as a result, find a much more formidable competitive landscape that we currently do in our market expansion.I really like this whole quote, as it shows everything I like about Sea and Forrest Li. They don't take the easy road that would be easiest for the short term; they look at this from a long-term perspective. As a long-term investor, that's music to my ears. Li also doesn't deny that it's hard what Shopee tries, but he shows that Shopee has the experience of seven different countries. Many investors who don't live in Southeast Asia may see the region as one part of the world, but the reality is that all countries are entirely different. For example, Singapore is a wealthy city-state with one of the lowest corruption rates in the world (far better than the US and most European countries). On the other hand, Indonesia is a conglomerate of thousands of islands, which is much earlier in its development and has a ton of internal regional differences. And those are just two of the seven.Shopee sees big success in Brazil. In Q4 2021, it had 140 million orders, up 400% YoY for $70M of revenue, up 326% YoY. That means that there was just $0.50 of revenue for Shopee per order, and there was a significant loss on every order, of course. The company shared in its press release that the EBITDA loss per order improved by more than 40% YoY, to below $2.00. But that still means an EBITDA loss of $280M in just a quarter. For 2022, you can expect the same thing: improving losses, but still, substantial losses. While that may sound scary, it's part of Shopee's success formula.In just two years, Shopee Brazil managed to rank first by downloads in the shopping category and total time spent in-app and second by average monthly active users in Brazil. That's simply insane. If you see this, and you can separate yourself from your emotions about the stock price, I think you see that the potential for Sea is vast.If you look worldwide, Shopee ranked first for downloads in the shopping category both for Q4 and for FY 2021. Shopee also ranked first globally regarding total time spent in-app for shopping on Google Play. The iPhone is primarily a Western story; outside of the US and Western Europe, Google's Android dominates the market by a gigantic market share of probably 90%, so this is very important. Shopee also ranked second worldwide on Google Play when it came to average MAUs (monthly active users) in Q4 and FY 2021.Shopee is on track to go to nearly $100B in GMV in 2022. That means that whole families depend on the platform, both from the merchant and customer sides. That means that Shopee has pricing power, even if that will always be limited because of the competition. It can add several extra monetizable services for merchants (ads, more insights, gamification, etc.) and it could introduce some sort of Amazon (AMZN) Prime formula in the future, especially if you combine it with its two other current divisions.3. SeaMoneySeaMoney is crucial for Sea over the longer term. With revenue growth of 711% in 2021, the comps are of course hard, but Sea sees growth of 155% to $1.2B at the midpoint for the current year on top of that 711% growth. And if history is a guide, it will probably beat that guidance.The company even expects SeaMoney to be cashflow positive by next year, showing how quickly this can scale. Of course, there are high upfront costs, and the investments will continue, but the relatively higher gross margins and flexibility promise many good things for the future. Once the banking charters Sea has obtained in several countries start to kick in more and more, this will mean even more profitability for SeaMoney.The operating leverage also shows in the number of users. The QAUs (quarterly average users) went up 89.7%. Do you see the huge difference between user growth and revenue growth (remember 711%)? That's just the start for SeaMoney but it shows the vast potential.One of the reasons is cross-selling, just like MercadoPago has done and is continuing to do, for example, with MercadoCredito. From Sea'spress release:In Indonesia, which has the most comprehensive set of products and services among our markets, over 20% of the quarterly active users have used multiple SeaMoney products or services in the fourth quarter. We view this as a highly positive indicator of the strong efficiencies we can leverage in bringing new offerings to our large and fast-growing user base on the Shopee and SeaMoney platforms, which are both highly synergistic with one another and enjoy a strong flywheel effect in the scaling of each platform.Again, I should add that this is just the start. More and more products will be added in more and more markets. Again from the press release:We also expanded various products offerings including credit services to consumers and merchants across more markets, started offering services in digital banking and insurtech in Indonesia and obtained a bank license in the Philippines.That was new for me too. I didn't know that Sea already had a banking license in The Philippines. This is very interesting. The Philippines are another big market that is growing fast. I also didn't know that it started with insurtech in Indonesia. Sea now has banking licenses in Singapore, The Philippines and Indonesia (through the acquisition of Bank BKE) and has applied for one in Malaysia.Shopee Brazil could launch SeaMoney (usually commercialized as ShopeePay) in a few years and other Latin American countries could follow. So there is still a ton of optionality.Summary of the outlookWhile some things look frightening without context, I think you should focus on what Sea is building over the long term. It has the financial power to continue to expand its reach. Yes, Garena is now back at 2020 levels, but that's not too bad. Shopee and SeaMoney have grown so fast that they can now use their scale advantages more and more. Shopee in Southeast Asia should be EBITDA positive this year already and SeaMoney next year.Forrest Li on the conference call:As a result, we currently expect that by 2025 cash generated by Shopee and SeaMoney proactively will enable these two businesses to substantially self-fund their own long-term growth.We believe that we have the financial resources required to grow the two businesses to the inflection point without having to heavily rely on cash generated from the digital entertainment business. Of course, any additional growth from Garena will further strengthen our position.I think that this should give investors confidence. After all, Forrest Li has executed outstandingly so far; why not believe him now?OptionalityThe most important thing about Sea is that it still has so much optionality. Opportunities abound. Don't forget that the company has SAIL, which stands for Sea AI Labs. It spends a lot on R&D there. Who knows, it may come up with a version of Upstart's AI for loans? It would definitely make sense. It could give its Shopee shoppers better recommendations, making them buy more. It could offer business software for its merchants to help them to sell better on Shopee. I'm tired of the overhyped term metaverse, but with gaming, AI, shopping and an integrated payment solution, Sea seems to be fully ready when it would take off too. I'm just thinking of some obvious ideas here, but there is a lot more.There's also ShopeeFood, a food delivery service integrated into Shopee in a few markets. We probably all know that this is another very low-margin business, but if you can combine it with shopping (on Shopee) and grocery deliveries, it can be much more profitable, as Meituan has shown in China or Uber Eats shows for Uber (UBER). Just for the record, I'm not a fan of Uber's business model but if there is anything good about this company its the Uber Eats division, in my opinion.And those are just two existing divisions of Sea. The company has tried out several things in the past. It tries things out and kills them fast when they don't work. They had a sort of business communication platform at one time, a bit like Slack, but it was shut down after a few months. They launched Shopee in France, they saw it didn't work and they shut it down after just five months. That's at least as important as innovation: knowing when to stop wasting money and Sea has a good track record there as well.ValuationThis is the P/S ratio of the stock since the IPO:Data byYChartsAs you can see, the valuation based on the P/S ratio is now almost at its lowest point ever, despite the fact that Sea is a much better and bigger company now, which means less risk.Data byYChartsIf you look at Enterprise value divided by gross profit, it's even more apparent how cheap Sea has become.If you divide Enterprise Value and Gross Profit, you see that Sea trades at an EV/GP of 12.48.I recently used a few companies as examples in myTwilio valuation article. These numbers have changed a bit, so I have updated them.Made by the authorSea is expected to grow its revenue faster than all of these over the next three years. The consensus stands at 34%. I know that Sea has guided for 'just' 32% growth next year but I think this will prove to be very conservative, as Sea usually sandbags the guidance.EV/GP shows what a companycouldmake, now or in the future. For the more mature companies, that's now, which means that their growth is slower. For younger companies like Sea, growth is still higher and you should expect profitability to only kick in later, as it's still growing fast. You want them to keep investing, but of course that growth must be sustainable. A company must have the means to fund its growth. With the cash that Garena still makes, the higher emphasis on profitability for Shopee and SeaMoney and Sea's big war chest of more than $10B, I don't think this is a problem. I believe Sea is cheap here.Some might argue that the stock is still expensive because of the pandemic. But if we look at the pre-pandemic levels and compare to now, you see that the revenue and especially gross profit have gone up a lot more than the market cap.Data byYChartsHigher riskThere is risk in every investment and there is no denying that the uncertainties have grown recently for Sea:* What about Garena's slowdown? Will that continue in the future?* What about Free Fire in India?* What about Shopee in India? Could it be targeted as well?* What about Sea's relation with Tencent? Will it still be the preferred distributor of Tencent games in Southeast Asia after 2023?Despite the fact that Sea has grown into my biggest position (I started buying at $54), I shouldn't be too emotional about this and acknowledge that the risks have indeed grown recently. It will probably remain my biggest position and I will keep adding to my position, especially at these low prices, but I just can't ignore the higher risks that have emerged in the last few months. But the path of every fantastic stock ever has been paved with worries. For Sea, this is no different.ConclusionDespite a good quarter, Sea's stock price keeps slumping. It's down 75% from its recent highs now. That has made the stock cheap, in my opinion, which, of course, doesn't mean it can't go down more over the short term. I'll keep scaling in slowly over time. I still strongly believe that this company will become a giant over time.It now has as much chance, or maybe even more, to go 10x from here than when I picked it for my subscribers almost two years ago at $54. As long as it keeps executing, and these earnings again proved that, it will remain a very high conviction stock for the long term for me.In the meantime, keep growing!","news_type":1},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}