SamYLynn personal page - To The Moon

SamYLynn

SamYLynn

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2021-07-14

Hi

American Airlines Surges as Travel Rebound Brightens Outlook

2021-08-03

Oh i see

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2021-07-14

Hi

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2021-06-30

?

Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse

2021-06-30

Hi

IBM Stock Is a Lot More Attractive as It Refocuses and Trims Down

2021-06-29

Comment

Minnesota man charged in securities fraud may have tried to seize Florida shell company, records suggest

2021-08-06

$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$??????

2021-06-30

Oh

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2021-06-30

Good

3 Reasons Amazon Could Quadruple Within 5 Years

2021-06-28

Oh

5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021

2021-07-14

$NETLINK NBN TRUST(CJLU.SI)$ ⬆️⬆️⬆️

2021-07-12

Ok

3 Red-Hot Stocks That Could Continue to Crush the Market

2021-07-12

Ohh

Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week

2021-06-30

Oh

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2021-06-29

Wow

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2021-08-03

$US Energy Corp(USEG)$baddddddd

2021-07-14

Hmms... worth?

2021-07-12

Hi

Sorry, the original content has been removed

2021-06-30

Wow

Why Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake

2021-06-29

Comment

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Go to Tiger App to see more news

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23:16","market":"us","language":"en","title":"Cramer calls this stock a 'coiled spring' and a bet on a travel recovery without buying airlines","url":"https://stock-news.laohu8.com/highlight/detail?id=1156677537","media":"CNBC","summary":"Investors who want to bet on the return of Americans traveling abroad after a coronavirus-driven hal","content":"<div>\n<p>Investors who want to bet on the return of Americans traveling abroad after a coronavirus-driven halt can do so without buying airline stocks, CNBC’s Jim Cramersaid Wednesday.\nInstead, Cramer pointed ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/cramer-calls-this-stock-a-coiled-spring-and-a-bet-on-a-travel-recovery.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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\" 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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\">\nCramer calls this stock a 'coiled spring' and a bet on a travel recovery without buying airlines\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 23:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/14/cramer-calls-this-stock-a-coiled-spring-and-a-bet-on-a-travel-recovery.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors who want to bet on the return of Americans traveling abroad after a coronavirus-driven halt can do so without buying airline stocks, CNBC’s Jim Cramersaid Wednesday.\nInstead, Cramer pointed ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/cramer-calls-this-stock-a-coiled-spring-and-a-bet-on-a-travel-recovery.html\">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.cnbc.com/2021/07/14/cramer-calls-this-stock-a-coiled-spring-and-a-bet-on-a-travel-recovery.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1156677537","content_text":"Investors who want to bet on the return of Americans traveling abroad after a coronavirus-driven halt can do so without buying airline stocks, CNBC’s Jim Cramersaid Wednesday.\nInstead, Cramer pointed them in the direction of a financial services firm he called a “coiled spring,” even as the company’s shares trade near all-time highs.\nAmerican Expressis doing “incredibly well just with domestic, including small- and medium-sized business. Can you imagine when you get international? That’s the stock to own. You buy it now,” anticipating more overseas travel in the coming months, Cramer said on“Squawk on the Street.”\n“I do believe that that is the stock to buy if you believe Europe is going to come back,” the“Mad Money”host added.\nLast month, the European Unionmade it easier for Americans to travel to its 27 member countries by adding the U.S. to itssafe travel list. Previously, nonessential travel had been restricted due to the coronavirus pandemic.\nMajor airlines havebeen working to add back lucrative trans-Atlantic routes, hoping to capture the pent-up demand from U.S. residents hankering for a vacation abroad.\nIt is also good for American Express. While travel is important for American Express in general, cross-boarder payments have higher margins than domestic ones.\nIn its first-quarter earnings report, released in April, American Express CEO Stephen Squeri said the company was seeing positive signs around domestic travel, “increasing our confidence” that the recovery will continue.\nHowever, Squeri said at the time, “Card member spending, excluding travel and entertainment categories, was 11 percent higher on an FX-adjusted basis than it was in the first quarter of 2019, and continues to represent the majority of spend on our network.”\nAmerican Express is set to release second-quarter results July 23, which may offer more insight into recent travel spending trends.\nShares of American Express are up around 43% year to date and more than 80% in the past 12 months. The stock traded just under $173 apiece Wednesday, narrowly below its all-time high of $174.76 on July 7.\nEven so, Cramer said he likes the set-up for investors, as more travel restrictions ease and people feel more comfortable with the level of coronavirus risk.\n“I still think American Express, which has got a great chart, is a coiled spring,” Cramer said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144694400,"gmtCreate":1626278213700,"gmtModify":1703757081623,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Hmms... worth?&nbsp;","listText":"Hmms... worth?&nbsp;","text":"Hmms... worth?","images":[{"img":"https://static.tigerbbs.com/1cc2e02fbd7ac48a18e28c7dc2f908fd","width":"1125","height":"3338"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144694400","isVote":1,"tweetType":1,"viewCount":603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144695835,"gmtCreate":1626278158927,"gmtModify":1703757079444,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CJLU.SI\">$NETLINK NBN TRUST(CJLU.SI)$</a> ⬆️⬆️⬆️","listText":"<a href=\"https://laohu8.com/S/CJLU.SI\">$NETLINK NBN TRUST(CJLU.SI)$</a> ⬆️⬆️⬆️","text":"$NETLINK NBN TRUST(CJLU.SI)$ ⬆️⬆️⬆️","images":[{"img":"https://static.tigerbbs.com/3a3e0635f15e5a112641b67d6b42dac1","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144695835","isVote":1,"tweetType":1,"viewCount":914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":146831395,"gmtCreate":1626064690617,"gmtModify":1703752656196,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Hi&nbsp;","listText":"Hi&nbsp;","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146831395","repostId":"1189655421","repostType":4,"repost":{"id":"1189655421","kind":"news","pubTimestamp":1626049910,"share":"https://ttm.financial/m/news/1189655421?lang=&edition=fundamental","pubTime":"2021-07-12 08:31","market":"us","language":"en","title":"With the next move for stocks unclear, some Wall Street pros are betting on health care. Here’s why","url":"https://stock-news.laohu8.com/highlight/detail?id=1189655421","media":"cnbc","summary":"Thursday’sstock market sell-offand rising concerns about global growth have rattled some investors, ","content":"<div>\n<p>Thursday’sstock market sell-offand rising concerns about global growth have rattled some investors, but the health care sector may offer an attractive hiding place, according to Wall Street pros.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/heres-why-some-wall-street-pros-are-betting-on-health-care.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>With the next move for stocks unclear, some Wall Street pros are betting on health care. Here’s why</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\">\nWith the next move for stocks unclear, some Wall Street pros are betting on health care. Here’s why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 08:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/09/heres-why-some-wall-street-pros-are-betting-on-health-care.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Thursday’sstock market sell-offand rising concerns about global growth have rattled some investors, but the health care sector may offer an attractive hiding place, according to Wall Street pros.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/09/heres-why-some-wall-street-pros-are-betting-on-health-care.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BSX":"波士顿科学","PFE":"辉瑞","TMO":"赛默飞世尔","JNJ":"强生"},"source_url":"https://www.cnbc.com/2021/07/09/heres-why-some-wall-street-pros-are-betting-on-health-care.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1189655421","content_text":"Thursday’sstock market sell-offand rising concerns about global growth have rattled some investors, but the health care sector may offer an attractive hiding place, according to Wall Street pros.\nThe pullback came as Wall Street strategists havegrown increasingly tepid about the near-term directionof the market, which has reeled off a string of record highs in recent weeks but is facing uncertainty about the Federal Reserve and variants of Covid-19.\n″[Thursday’s decline] is highlighting this push and pull between investors with different time horizons. In the near term, it’s hard to argue that any of the news on the delta variant gets any better,” said Jeffrey Kleintop, chief global investment strategist at Charles Schwab.\nAmid that uncertainty, there appears to be a growing appetite for more defensive plays. Bank of America said in a note on Thursday that fund flows from private clients have shown build-ups in defensive positions over the past four weeks, with utilities being the most popular.\nThat environment could be good news for investors in health care, a traditionally defensive sector that some Wall Street pros have turned bullish on in recent weeks.\nHealth care enters a growth phase\nBecause the companies were hit so hard during the pandemic, which forced hospitals across the country to suspend many non-Covid procedures and care, health care is in a sweet spot as a defensive play with strong year-over-year growth, said Alicia Levine, head of equities at BNY Mellon Wealth Management.\n“They terribly underperformed very early cycle, as one would expect, and of course the actual facts on the ground that people stopped going to the doctor and stopped doing unnecessary procedures during the pandemic, all of that will come back,” Levine said. “So in a sense, health care is in a growth phase now and also the sector will do well in this kind of mid-cycle phase.”\nThe spread of the delta variant of Covid-19 is a growing concern for the broader market, but Kleintop said that health stocks should be able to better withstand another wave of Covid in the U.S. as the medical system should be able to operate more normally than last year.\n“The idea that hospitals would be overwhelmed seems like a low probability, given the effectiveness of the vaccine, particularly with regard to severe cases, and the fact that hospitals are better prepared for this,” Kleintop said.\nAttractive prices\nThe health care sector is currently trading near record highs, but the stocks have mostly trailed the broader market this year. TheS&P 500has gained 16% year to date, while theHealth Care Select Sector SPDR Fundhas climbed about 13%.\n\nThat underperformance, combined with a weak year for the sector in 2020, means that health care stocks are attracting the attention of some value investors.\nEli Salzmann, manager of the highly ratedNeuberger Berman Large Cap Value Fund,said he has added pharmaceutical positions in recent months.Johnson & JohnsonandPfizerare top-10 holdings for the fund.\n“If you look at some of the larger pharmaceutical companies, they certainly are inexpensive and they are certainly within the value spectrum,” Salzmann said.\nMeanwhile, BTIG’s Julian Emanuel included several health care stocks in his top picks for the second half of 2021. The strategist said in a note this week that he is bullish on medical device stocksBoston ScientificandThermo Fisher.","news_type":1},"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146833368,"gmtCreate":1626064636854,"gmtModify":1703752655047,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146833368","repostId":"1121762629","repostType":4,"repost":{"id":"1121762629","kind":"news","pubTimestamp":1626057041,"share":"https://ttm.financial/m/news/1121762629?lang=&edition=fundamental","pubTime":"2021-07-12 10:30","market":"us","language":"en","title":"3 Red-Hot Stocks That Could Continue to Crush the Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1121762629","media":"Motley Fool","summary":"These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries hav","content":"<blockquote>\n <b>These growth and dividend stocks are thriving.</b>\n</blockquote>\n<p>Economic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. It sports a fair share of up-and-coming growth stocks, as well as large traditional businesses -- many of which are beating the market.</p>\n<p>We asked some of our contributors which stocks they thought could continue to crush the market. They chose&nbsp;<b>Zebra Technologies</b>(NASDAQ:ZBRA),<b>Waste Management</b>(NYSE:WM), and&nbsp;<b>NIO</b>(NYSE:NIO).</p>\n<p>Zebra Technologies stands out from the crowd</p>\n<p><b>Lee Samaha(Zebra Technologies):</b>Zebra's stock is up 111% over the last year and by 39% in 2021. That's a comfortable outperformance, and it comes as the company's technology has come to the fore during the pandemic.</p>\n<p>Zebra is a manufacturer of what management calls \"enterprise asset intelligence\" solutions. In plain English, mobile computers, barcode scanners, specialty printers, RFID printers and readers, and other products are used by workers to gather information. Real-world examples of its technology include e-commerce warehouses using scanners to monitor workflows, retailers managing inventory, and healthcare workers tracking and tracing medical products.</p>\n<p>Global supply chains came under a lot of stress during the pandemic, so, understandably, many companies are making investments in Zebra's technologies a priority. Whether companies are looking to invest in automating production in a warehouse or capturing data to use with advanced analytics in a retail or healthcare environment, Zebra's hardware and software solutions have the answer.</p>\n<p>As such, management expects adjusted net sales growth of 18% to 22% in 2021, having started the year forecasting 10% to 14%. Clearly, momentum is behind the company, and it's likely the expansion of smart automation and digitization in the industrial economy is going to encourage multi-year growth in sales of Zebra's solutions.</p>\n<p>Trading on 31 times estimated 2021 earnings, Zebra wouldn't be seen as avalue stockby most. Still, investors should keep an eye out for its results because it wouldn't be a surprise to see Zebra upgrade guidance again, given the reopening economy.</p>\n<p>Don't trash this dividend stock</p>\n<p><b>Daniel Foelber&nbsp;(Waste Management):</b>You may want to keep your distance when passing one of the hundreds of landfills owned by Waste Management, North America's largest integrated trash and recycling services company. But the company's stock performance has left investors smelling like a rose. Waste Management stock is up over 20% so far this year and just blasted to a new all-time high last week.</p>\n<p>While trash and recycling are a steady business model that tends to perform in good times and bad, Waste Management generates a substantial amount of revenue from its industrial and commercial clients. As business slowed during the pandemic, these businesses naturally produced less waste, which presented a challenge. The company responded by implementing cost-cutting measures, many of whichit expects will be permanent.</p>\n<p>These strategic decisions along with its resilient and diversified customer base across a slew of different industries helped it generate plenty of free cash flow (FCF) and net incometo support its dividend. The company just raised its dividend for the 18th consecutive year andinstituted a new share buyback program. All told, the company plans to distribute nearly $1 billion in dividends and buy back up to $1.35 billion in stock this year.</p>\n<p>Waste Management has the potential to combine its stable andrecession resilientbusiness model with the upside of environmentally conscious consumers who are increasingly interested in limiting waste output. During a recent talk at WasteExpo 2021, CEO Jim Fish highlighted the role Waste Management could play in managing and providing the waste necessary for companies to produce plastics and chemicals from sustainably sourced materials. Converting this proposition to profit remains uncertain. But it's a nice long-term trend that's worth following.</p>\n<p><b>Hitch a ride with this EV superstar</b></p>\n<p><b>Scott Levine(NIO):</b>NIO sputtered along during the first five months of 2021, falling nearly 21%, but the company's stock has taken a U-turn over the past few weeks and is charging higher. In fact, shares of NIO soared nearly 38% inJune&nbsp;while the<b>S&amp;P 500</b>crept more than 2% higher. And there's plenty of reason to believe that this EV manufacturer can continue racing ahead in the days to come.</p>\n<p>Inthe first quarter of 2021, NIO reported strong growth in the number of deliveries. Achieving a company quarterly record, NIO delivered 20,060 vehicles in the first quarter of the new year, representing year-over-year growth of 490%. But the record was short-lived. Last week, NIO announced that it delivered 21,896 vehicles, a year-over-year increase of 112%, in the second quarter, representing a new quarterly high-water mark.</p>\n<p>Looking beyond the second quarter, investors will find that the company is working at expanding its charging infrastructure in China through 2021 -- a move that will help assuage the fears of potential customers who are worried about the convenience of charging their vehicles. As of the end of the first quarter, NIO had 206 battery swap stations, yet management forecasts expanding this to over 700 stations by the end of the year. In addition, the company, which had 146 charging stations in its network at the end of March, plans on growing this out to 600 charging stations by year-end.</p>\n<p>Besides its efforts to grow its presence in China, NIO aspires to gain a foothold in Europe as well. Last month, the company announced it received approval for the production of its SUV, NIO ES8, including approval for the associated license registrations of the vehicle. The company plans to deliver the first vehicles to Norway, which will be NIO's first overseas market, in September.</p>\n<p>Providing customers in China with a variety of solutions for keeping their vehicles charged, NIO is aggressively addressing the range anxiety that plagues potential EV owners. It plans on bringing a similar suite of solutions to Europe when it begins deliveries of the vehicles -- something that is distinguishing it from its peers and which should help the company continue on the road to future growth.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Red-Hot Stocks That Could Continue to Crush the Market</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 Red-Hot Stocks That Could Continue to Crush the Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZBRA":"斑马技术","WM":"美国废物管理","NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121762629","content_text":"These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. It sports a fair share of up-and-coming growth stocks, as well as large traditional businesses -- many of which are beating the market.\nWe asked some of our contributors which stocks they thought could continue to crush the market. They chose Zebra Technologies(NASDAQ:ZBRA),Waste Management(NYSE:WM), and NIO(NYSE:NIO).\nZebra Technologies stands out from the crowd\nLee Samaha(Zebra Technologies):Zebra's stock is up 111% over the last year and by 39% in 2021. That's a comfortable outperformance, and it comes as the company's technology has come to the fore during the pandemic.\nZebra is a manufacturer of what management calls \"enterprise asset intelligence\" solutions. In plain English, mobile computers, barcode scanners, specialty printers, RFID printers and readers, and other products are used by workers to gather information. Real-world examples of its technology include e-commerce warehouses using scanners to monitor workflows, retailers managing inventory, and healthcare workers tracking and tracing medical products.\nGlobal supply chains came under a lot of stress during the pandemic, so, understandably, many companies are making investments in Zebra's technologies a priority. Whether companies are looking to invest in automating production in a warehouse or capturing data to use with advanced analytics in a retail or healthcare environment, Zebra's hardware and software solutions have the answer.\nAs such, management expects adjusted net sales growth of 18% to 22% in 2021, having started the year forecasting 10% to 14%. Clearly, momentum is behind the company, and it's likely the expansion of smart automation and digitization in the industrial economy is going to encourage multi-year growth in sales of Zebra's solutions.\nTrading on 31 times estimated 2021 earnings, Zebra wouldn't be seen as avalue stockby most. Still, investors should keep an eye out for its results because it wouldn't be a surprise to see Zebra upgrade guidance again, given the reopening economy.\nDon't trash this dividend stock\nDaniel Foelber (Waste Management):You may want to keep your distance when passing one of the hundreds of landfills owned by Waste Management, North America's largest integrated trash and recycling services company. But the company's stock performance has left investors smelling like a rose. Waste Management stock is up over 20% so far this year and just blasted to a new all-time high last week.\nWhile trash and recycling are a steady business model that tends to perform in good times and bad, Waste Management generates a substantial amount of revenue from its industrial and commercial clients. As business slowed during the pandemic, these businesses naturally produced less waste, which presented a challenge. The company responded by implementing cost-cutting measures, many of whichit expects will be permanent.\nThese strategic decisions along with its resilient and diversified customer base across a slew of different industries helped it generate plenty of free cash flow (FCF) and net incometo support its dividend. The company just raised its dividend for the 18th consecutive year andinstituted a new share buyback program. All told, the company plans to distribute nearly $1 billion in dividends and buy back up to $1.35 billion in stock this year.\nWaste Management has the potential to combine its stable andrecession resilientbusiness model with the upside of environmentally conscious consumers who are increasingly interested in limiting waste output. During a recent talk at WasteExpo 2021, CEO Jim Fish highlighted the role Waste Management could play in managing and providing the waste necessary for companies to produce plastics and chemicals from sustainably sourced materials. Converting this proposition to profit remains uncertain. But it's a nice long-term trend that's worth following.\nHitch a ride with this EV superstar\nScott Levine(NIO):NIO sputtered along during the first five months of 2021, falling nearly 21%, but the company's stock has taken a U-turn over the past few weeks and is charging higher. In fact, shares of NIO soared nearly 38% inJune while theS&P 500crept more than 2% higher. And there's plenty of reason to believe that this EV manufacturer can continue racing ahead in the days to come.\nInthe first quarter of 2021, NIO reported strong growth in the number of deliveries. Achieving a company quarterly record, NIO delivered 20,060 vehicles in the first quarter of the new year, representing year-over-year growth of 490%. But the record was short-lived. Last week, NIO announced that it delivered 21,896 vehicles, a year-over-year increase of 112%, in the second quarter, representing a new quarterly high-water mark.\nLooking beyond the second quarter, investors will find that the company is working at expanding its charging infrastructure in China through 2021 -- a move that will help assuage the fears of potential customers who are worried about the convenience of charging their vehicles. As of the end of the first quarter, NIO had 206 battery swap stations, yet management forecasts expanding this to over 700 stations by the end of the year. In addition, the company, which had 146 charging stations in its network at the end of March, plans on growing this out to 600 charging stations by year-end.\nBesides its efforts to grow its presence in China, NIO aspires to gain a foothold in Europe as well. Last month, the company announced it received approval for the production of its SUV, NIO ES8, including approval for the associated license registrations of the vehicle. The company plans to deliver the first vehicles to Norway, which will be NIO's first overseas market, in September.\nProviding customers in China with a variety of solutions for keeping their vehicles charged, NIO is aggressively addressing the range anxiety that plagues potential EV owners. It plans on bringing a similar suite of solutions to Europe when it begins deliveries of the vehicles -- something that is distinguishing it from its peers and which should help the company continue on the road to future growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146839663,"gmtCreate":1626064594752,"gmtModify":1703752654063,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Ohh&nbsp;","listText":"Ohh&nbsp;","text":"Ohh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146839663","repostId":"1114863871","repostType":4,"repost":{"id":"1114863871","kind":"news","pubTimestamp":1626039626,"share":"https://ttm.financial/m/news/1114863871?lang=&edition=fundamental","pubTime":"2021-07-12 05:40","market":"us","language":"en","title":"Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1114863871","media":"Barron's","summary":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% a","content":"<p>Second-quarter earnings season gets under way&nbsp;this week, with several big banks reporting.&nbsp;JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.</p>\n<p>Other major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.</p>\n<p>The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday,&nbsp;followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.</p>\n<p>Investors and economists will also get a look at a pair of sentiment surveys this week:&nbsp;The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The&nbsp;Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.</p>\n<p><img src=\"https://static.tigerbbs.com/1508a89eaa3fb959feaaa832797a2c48\" tg-width=\"1176\" tg-height=\"360\"></p>\n<p><b>Monday 7/12</b></p>\n<p>FedExhosts a conference call to update the investment community on its business outlook.</p>\n<p><b>Tuesday 7/13</b></p>\n<p>JPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.</p>\n<p>Conagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.</p>\n<p>Dell Technologieshosts a conference call to discuss its ESG strategy.</p>\n<p><b>The Bureau of Labor</b>&nbsp;Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.</p>\n<p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.</p>\n<p><b>Wednesday 7/14</b></p>\n<p>Bank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.</p>\n<p><b>The Federal Reserve</b>&nbsp;releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.</p>\n<p><b>The BLS releases</b>&nbsp;the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.</p>\n<p><b>Thursday 7/15</b></p>\n<p>Bank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.</p>\n<p><b>Friday 7/16</b></p>\n<p>Charles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.</p>\n<p><b>The Bank of Japan</b>&nbsp;announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.</p>\n<p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.</p>\n<p><b>The Census Bureau</b>&nbsp;reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.</p>","source":"lsy1610680873436","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>Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 05:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MS":"摩根士丹利","GS":"高盛","BAC":"美国银行","TSM":"台积电","JPM":"摩根大通","WFC":"富国银行","C":"花旗"},"source_url":"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114863871","content_text":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.\nOther major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.\nThe week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.\nInvestors and economists will also get a look at a pair of sentiment surveys this week: The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.\n\nMonday 7/12\nFedExhosts a conference call to update the investment community on its business outlook.\nTuesday 7/13\nJPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.\nConagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.\nDell Technologieshosts a conference call to discuss its ESG strategy.\nThe Bureau of Labor Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.\nThe National Federation of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.\nWednesday 7/14\nBank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.\nThe Federal Reserve releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.\nThe BLS releases the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.\nThursday 7/15\nBank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.\nFriday 7/16\nCharles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.\nThe Bank of Japan announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.\nThe University of Michigan releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.\nThe Census Bureau reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.","news_type":1},"isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151943866,"gmtCreate":1625062436455,"gmtModify":1703735206099,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151943866","repostId":"1195903421","repostType":4,"repost":{"id":"1195903421","kind":"news","pubTimestamp":1625039934,"share":"https://ttm.financial/m/news/1195903421?lang=&edition=fundamental","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","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>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</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\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151954413,"gmtCreate":1625062366732,"gmtModify":1703735200832,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Oh&nbsp;","listText":"Oh&nbsp;","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151954413","repostId":"1142269235","repostType":4,"repost":{"id":"1142269235","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1625039703,"share":"https://ttm.financial/m/news/1142269235?lang=&edition=fundamental","pubTime":"2021-06-30 15:55","market":"us","language":"en","title":"Coinbase CEO Gives Apple's Example As He Calls For Building The 'Crypto App Store'","url":"https://stock-news.laohu8.com/highlight/detail?id=1142269235","media":"Benzinga","summary":"Coinbase Global Inc(NASDAQ:COIN) CEO Brian Armstrong, in a blog post on Tuesday, called for the buil","content":"<p><b>Coinbase Global Inc</b>(NASDAQ:COIN) CEO Brian Armstrong,&nbsp;in a blog post on Tuesday, called for the building of the “crypto app store” similar to the one created by&nbsp;<b>Apple Inc</b>(NASDAQ:AAPL).</p>\n<p><b>What Happened:</b>Armstrong noted that the cryptocurrency use cases have grown, citing the examples of non-fungible tokens or NFTs and Decentralized Applications of DApps.</p>\n<p>Calling for a store similar to the App Store, he wrote, “We need to do the same in crypto. There is now 10s of billions of dollars of economic activity running on dApps, and a new trend coming out every three months.”</p>\n<p>“We’ll work to give our users easy access to all of this from the main Coinbase product.”</p>\n<p><b>Why It Matters:</b>Armstrong noted that Apple did not attempt to build “every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps.”</p>\n<p>According to Apple’s website, Apple has 1.8 million apps available on its store with 175 storefronts in over 40 languages.</p>\n<p>The Coinbase CEO seems to have taken a cue from Apple as he also advocated an “international-first mindset.”</p>\n<p>Armstrong said instead of focusing on a “narrow set of regions,” Coinbase is “going to flip this approach on its head by shipping more products in international markets on day one.”</p>\n<p>However, Apple’s App Store policies have also attracted the&nbsp;attention of regulators&nbsp;with Germany’s competition watchdog being the latest to bring the store under scrutiny.</p>\n<p><b>Price Action:</b>On Tuesday, Coinbase shares closed 3.33% higher at $254.90 in the regular session and fell 0.2% in the after-hours trading. On the same day, Apple shares rose 1.15% in the regular session to $136.33.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase CEO Gives Apple's Example As He Calls For Building The 'Crypto App Store'</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\">\nCoinbase CEO Gives Apple's Example As He Calls For Building The 'Crypto App Store'\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-30 15:55</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Coinbase Global Inc</b>(NASDAQ:COIN) CEO Brian Armstrong,&nbsp;in a blog post on Tuesday, called for the building of the “crypto app store” similar to the one created by&nbsp;<b>Apple Inc</b>(NASDAQ:AAPL).</p>\n<p><b>What Happened:</b>Armstrong noted that the cryptocurrency use cases have grown, citing the examples of non-fungible tokens or NFTs and Decentralized Applications of DApps.</p>\n<p>Calling for a store similar to the App Store, he wrote, “We need to do the same in crypto. There is now 10s of billions of dollars of economic activity running on dApps, and a new trend coming out every three months.”</p>\n<p>“We’ll work to give our users easy access to all of this from the main Coinbase product.”</p>\n<p><b>Why It Matters:</b>Armstrong noted that Apple did not attempt to build “every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps.”</p>\n<p>According to Apple’s website, Apple has 1.8 million apps available on its store with 175 storefronts in over 40 languages.</p>\n<p>The Coinbase CEO seems to have taken a cue from Apple as he also advocated an “international-first mindset.”</p>\n<p>Armstrong said instead of focusing on a “narrow set of regions,” Coinbase is “going to flip this approach on its head by shipping more products in international markets on day one.”</p>\n<p>However, Apple’s App Store policies have also attracted the&nbsp;attention of regulators&nbsp;with Germany’s competition watchdog being the latest to bring the store under scrutiny.</p>\n<p><b>Price Action:</b>On Tuesday, Coinbase shares closed 3.33% higher at $254.90 in the regular session and fell 0.2% in the after-hours trading. On the same day, Apple shares rose 1.15% in the regular session to $136.33.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142269235","content_text":"Coinbase Global Inc(NASDAQ:COIN) CEO Brian Armstrong, in a blog post on Tuesday, called for the building of the “crypto app store” similar to the one created by Apple Inc(NASDAQ:AAPL).\nWhat Happened:Armstrong noted that the cryptocurrency use cases have grown, citing the examples of non-fungible tokens or NFTs and Decentralized Applications of DApps.\nCalling for a store similar to the App Store, he wrote, “We need to do the same in crypto. There is now 10s of billions of dollars of economic activity running on dApps, and a new trend coming out every three months.”\n“We’ll work to give our users easy access to all of this from the main Coinbase product.”\nWhy It Matters:Armstrong noted that Apple did not attempt to build “every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps.”\nAccording to Apple’s website, Apple has 1.8 million apps available on its store with 175 storefronts in over 40 languages.\nThe Coinbase CEO seems to have taken a cue from Apple as he also advocated an “international-first mindset.”\nArmstrong said instead of focusing on a “narrow set of regions,” Coinbase is “going to flip this approach on its head by shipping more products in international markets on day one.”\nHowever, Apple’s App Store policies have also attracted the attention of regulators with Germany’s competition watchdog being the latest to bring the store under scrutiny.\nPrice Action:On Tuesday, Coinbase shares closed 3.33% higher at $254.90 in the regular session and fell 0.2% in the after-hours trading. On the same day, Apple shares rose 1.15% in the regular session to $136.33.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151954984,"gmtCreate":1625062355048,"gmtModify":1703735199511,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151954984","repostId":"2147890552","repostType":4,"repost":{"id":"2147890552","kind":"highlight","pubTimestamp":1625046365,"share":"https://ttm.financial/m/news/2147890552?lang=&edition=fundamental","pubTime":"2021-06-30 17:46","market":"us","language":"en","title":"Why Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake","url":"https://stock-news.laohu8.com/highlight/detail?id=2147890552","media":"Motley Fool","summary":"Focus less on results and more on the process for making your decisions.","content":"<p>Warren Buffett might be <a href=\"https://laohu8.com/S/AONE\">one</a> of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at <b>Berkshire Hathaway </b>(NYSE:BRK.A) (NYSE:BRK.B), Buffett has had plenty of time to make moves that in hindsight have cost the insurance conglomerate and its shareholders billions of dollars.</p>\n<p>One of Buffett's most recent moves to receive criticism from investors is his handling of Berkshire's holdings of airline stocks in the immediate aftermath of the COVID-19 pandemic. Many point simply to the terrible result of selling at which proved to be just about the absolute low point in the pandemic-driven sell-off. But results-oriented thinking can lead to misleading conclusions that in the end can keep you from becoming a better investor.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e22701209a2d3771df1ea06f7784da80\" tg-width=\"700\" tg-height=\"469\"><span>Image source: Getty Images.</span></p>\n<h2>A short history of Buffett's latest airline investments</h2>\n<p>Buffett has long been a skeptic of airline investments, noting their history of bankruptcies and destruction of shareholder value. It was therefore surprising for many to see Berkshire build up significant positions in <b>Delta Air Lines </b>(NYSE:DAL), <b>Southwest Airlines </b>(NYSE:LUV), <b>American Airlines Group </b>(NASDAQ:AAL), and <b>United Airlines Holdings </b>(NASDAQ:UAL) starting in 2016.</p>\n<p>By early 2020, Berkshire's stakes in a couple of his airline holdings had reached 10%. There was even speculation that Berkshire would buy an airline outright.</p>\n<p>Yet as the pandemic brought air travel to a halt, Buffett made an about face during the spring of 2020. He made substantial sales of airline stocks in early April and then exited all of his positions by the 2020 shareholder meeting in early May.</p>\n<p>Since then, airline stocks have recovered sharply. By <a href=\"https://laohu8.com/S/AONE.U\">one</a> account, had Buffett held on to his stocks, then they would be worth nearly $5 billion more than the sales proceeds he actually got.</p>\n<h2>Buffett thinks in bets</h2>\n<p>As big a blunder as that might seem, the apparent lost opportunity is only a mistake from the viewpoint of what actually happened. But as decision strategist and world-class poker player Annie <a href=\"https://laohu8.com/S/DEX.AU\">Duke</a> explains in her book <i>Thinking in Bets</i>, relying on results-oriented thinking can be dangerous.</p>\n<p>Buffett has made his rationale for selling airline stocks quite clear:</p>\n<ul>\n <li>Although there was a chance that the government would step in to bail out airlines, it was far from a foregone conclusion at the time. Indeed, had Berkshire held on to its position, the government might well have been <i>less </i>inclined to offer assistance, jeopardizing the airlines' future. Moreover, much of that assistance came in the form of outright grants that airlines won't have to repay -- a move that still rankles some who argued that small businesses should get the same level of support.</li>\n <li>Even now, airlines still face big hurdles. Although domestic travel has opened up significantly, there are still substantial restrictions on the international routes that Delta, American, and United rely on for much of their sales and profits. Debt levels are higher than they were before the pandemic as well.</li>\n <li>Business travel might yet <i>never </i>return to pre-pandemic levels. Innovations like improved video conferencing and remote work arrangements are here to stay, and they'll likely displace at least a fraction of air travel indefinitely.</li>\n</ul>\n<p>Of course, Buffett couldn't be certain that his worst-case scenarios would come true. But again, that's not the right metric to use. As Duke explains, \"What makes a great decision is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. That state of knowledge, in turn, is some variation of 'I'm not sure.'\"</p>\n<p>In other words, there's nothing wrong with embracing the uncertainty inherent in any decision. Great decision-makers won't get great results <i>every </i>time, but their superior processes will lead to superior performance <i>much </i>of the time. In investing, that's all you need to succeed.</p>\n<h2>Be a better investor</h2>\n<p>Instead of spending time congratulating yourself for stocks that go up and beating yourself up over stocks that go down, the better path to become a smarter investor is to look more closely at your decision-making process to make sure it's as strong as it can be. The more you focus on putting the odds in your favor, the more likely it is you'll find the same investment success that Buffett is famous for.</p>","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 Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake</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 Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 17:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett might be one of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at Berkshire Hathaway (NYSE:BRK.A) (...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LUV":"西南航空","UAL":"联合大陆航空","BRK.B":"伯克希尔B","AAL":"美国航空","BRK.A":"伯克希尔","DAL":"达美航空"},"source_url":"https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147890552","content_text":"Warren Buffett might be one of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), Buffett has had plenty of time to make moves that in hindsight have cost the insurance conglomerate and its shareholders billions of dollars.\nOne of Buffett's most recent moves to receive criticism from investors is his handling of Berkshire's holdings of airline stocks in the immediate aftermath of the COVID-19 pandemic. Many point simply to the terrible result of selling at which proved to be just about the absolute low point in the pandemic-driven sell-off. But results-oriented thinking can lead to misleading conclusions that in the end can keep you from becoming a better investor.\nImage source: Getty Images.\nA short history of Buffett's latest airline investments\nBuffett has long been a skeptic of airline investments, noting their history of bankruptcies and destruction of shareholder value. It was therefore surprising for many to see Berkshire build up significant positions in Delta Air Lines (NYSE:DAL), Southwest Airlines (NYSE:LUV), American Airlines Group (NASDAQ:AAL), and United Airlines Holdings (NASDAQ:UAL) starting in 2016.\nBy early 2020, Berkshire's stakes in a couple of his airline holdings had reached 10%. There was even speculation that Berkshire would buy an airline outright.\nYet as the pandemic brought air travel to a halt, Buffett made an about face during the spring of 2020. He made substantial sales of airline stocks in early April and then exited all of his positions by the 2020 shareholder meeting in early May.\nSince then, airline stocks have recovered sharply. By one account, had Buffett held on to his stocks, then they would be worth nearly $5 billion more than the sales proceeds he actually got.\nBuffett thinks in bets\nAs big a blunder as that might seem, the apparent lost opportunity is only a mistake from the viewpoint of what actually happened. But as decision strategist and world-class poker player Annie Duke explains in her book Thinking in Bets, relying on results-oriented thinking can be dangerous.\nBuffett has made his rationale for selling airline stocks quite clear:\n\nAlthough there was a chance that the government would step in to bail out airlines, it was far from a foregone conclusion at the time. Indeed, had Berkshire held on to its position, the government might well have been less inclined to offer assistance, jeopardizing the airlines' future. Moreover, much of that assistance came in the form of outright grants that airlines won't have to repay -- a move that still rankles some who argued that small businesses should get the same level of support.\nEven now, airlines still face big hurdles. Although domestic travel has opened up significantly, there are still substantial restrictions on the international routes that Delta, American, and United rely on for much of their sales and profits. Debt levels are higher than they were before the pandemic as well.\nBusiness travel might yet never return to pre-pandemic levels. Innovations like improved video conferencing and remote work arrangements are here to stay, and they'll likely displace at least a fraction of air travel indefinitely.\n\nOf course, Buffett couldn't be certain that his worst-case scenarios would come true. But again, that's not the right metric to use. As Duke explains, \"What makes a great decision is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. That state of knowledge, in turn, is some variation of 'I'm not sure.'\"\nIn other words, there's nothing wrong with embracing the uncertainty inherent in any decision. Great decision-makers won't get great results every time, but their superior processes will lead to superior performance much of the time. In investing, that's all you need to succeed.\nBe a better investor\nInstead of spending time congratulating yourself for stocks that go up and beating yourself up over stocks that go down, the better path to become a smarter investor is to look more closely at your decision-making process to make sure it's as strong as it can be. The more you focus on putting the odds in your favor, the more likely it is you'll find the same investment success that Buffett is famous for.","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151952792,"gmtCreate":1625062328116,"gmtModify":1703735198197,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Oh&nbsp;","listText":"Oh&nbsp;","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151952792","repostId":"1114908330","repostType":4,"repost":{"id":"1114908330","kind":"news","pubTimestamp":1625056183,"share":"https://ttm.financial/m/news/1114908330?lang=&edition=fundamental","pubTime":"2021-06-30 20:29","market":"hk","language":"en","title":"China Evergrande Downgraded at Moody’s Despite Debt Progress","url":"https://stock-news.laohu8.com/highlight/detail?id=1114908330","media":"Bloomberg","summary":"Moody’s also put Evergrande under review for further downgrade\nMove follows downgrade by Fitch, watc","content":"<ul>\n <li>Moody’s also put Evergrande under review for further downgrade</li>\n <li>Move follows downgrade by Fitch, watchlist review by Chengxin</li>\n</ul>\n<p>Moody’s Investors Service downgraded&nbsp;China Evergrande Group’s credit rating by one notch to B2, the second downgrade by a global ratings agency in less than two weeks.</p>\n<p>Concern has been building over the troubled Shenzhen-based developer, which on Wednesday tried to&nbsp;reassure&nbsp;investors about its financial health, saying it has reduced its net debt-to-equity ratio to below 100%, as required by Chinese regulators. Evergrande has also said it pared&nbsp;total borrowings&nbsp;to about 570 billion yuan ($88 billion) from 717 billion yuan in December.</p>\n<p>“Although Evergrande has been reducing its debt to improve its financial stability, the company still faces sizeable maturing debt and puttable bonds over the next 12-18 months,” Moody’s said in astatement&nbsp;Wednesday evening.</p>\n<p>“In addition, its trade payables increased to 622 billion yuan at the end of 2020 from 545 billion yuan at the end of 2019, which funded part of the debt reduction,” it said.</p>\n<p>Moody’s also downgraded its ratings on Evergrande subsidiaries Hengda Real Estate Group Co., Tianji Holding Ltd and Scenery Journey Ltd., which are either issuers or guarantors of its bonds overseas. The ratings are under review for further downgrade.</p>\n<p>Evergrande is disposing assets and spinning off affiliates to raise money, but questions remain whether it can continue downsizing without triggering a crisis.</p>\n<p>Fitch Ratings&nbsp;cut&nbsp;Evergrande’s by one notch on June 22. Earlier this month, China’s largest credit ratings firm&nbsp;China Chengxin International Credit Rating Co.&nbsp;put Evergrande’s main onshore unit and domestic bonds on a watchlist.</p>\n<p>Several Chinese banks are&nbsp;restrictingcred&nbsp;it to Evergrande, Bloomberg has reported. The company has said some affiliates didn’t repay a “very small amount” of commercial bills on time.</p>\n<p>Evergrande’s offshore bonds have come under pressure, with its dollar note due 2025 falling 1.5 cents on the dollar to 66.1 cents Wednesday, set for its lowest since March 2020, Bloomberg-compiled prices show.</p>","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>China Evergrande Downgraded at Moody’s Despite Debt Progress</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\">\nChina Evergrande Downgraded at Moody’s Despite Debt Progress\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 20:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/china-evergrande-downgraded-at-moody-s-despite-debt-progress?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Moody’s also put Evergrande under review for further downgrade\nMove follows downgrade by Fitch, watchlist review by Chengxin\n\nMoody’s Investors Service downgraded China Evergrande Group’s credit ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/china-evergrande-downgraded-at-moody-s-despite-debt-progress?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/china-evergrande-downgraded-at-moody-s-despite-debt-progress?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114908330","content_text":"Moody’s also put Evergrande under review for further downgrade\nMove follows downgrade by Fitch, watchlist review by Chengxin\n\nMoody’s Investors Service downgraded China Evergrande Group’s credit rating by one notch to B2, the second downgrade by a global ratings agency in less than two weeks.\nConcern has been building over the troubled Shenzhen-based developer, which on Wednesday tried to reassure investors about its financial health, saying it has reduced its net debt-to-equity ratio to below 100%, as required by Chinese regulators. Evergrande has also said it pared total borrowings to about 570 billion yuan ($88 billion) from 717 billion yuan in December.\n“Although Evergrande has been reducing its debt to improve its financial stability, the company still faces sizeable maturing debt and puttable bonds over the next 12-18 months,” Moody’s said in astatement Wednesday evening.\n“In addition, its trade payables increased to 622 billion yuan at the end of 2020 from 545 billion yuan at the end of 2019, which funded part of the debt reduction,” it said.\nMoody’s also downgraded its ratings on Evergrande subsidiaries Hengda Real Estate Group Co., Tianji Holding Ltd and Scenery Journey Ltd., which are either issuers or guarantors of its bonds overseas. The ratings are under review for further downgrade.\nEvergrande is disposing assets and spinning off affiliates to raise money, but questions remain whether it can continue downsizing without triggering a crisis.\nFitch Ratings cut Evergrande’s by one notch on June 22. Earlier this month, China’s largest credit ratings firm China Chengxin International Credit Rating Co. put Evergrande’s main onshore unit and domestic bonds on a watchlist.\nSeveral Chinese banks are restrictingcred it to Evergrande, Bloomberg has reported. The company has said some affiliates didn’t repay a “very small amount” of commercial bills on time.\nEvergrande’s offshore bonds have come under pressure, with its dollar note due 2025 falling 1.5 cents on the dollar to 66.1 cents Wednesday, set for its lowest since March 2020, Bloomberg-compiled prices show.","news_type":1},"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151956266,"gmtCreate":1625062312155,"gmtModify":1703735195692,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151956266","repostId":"1102107523","repostType":4,"repost":{"id":"1102107523","kind":"news","pubTimestamp":1625058171,"share":"https://ttm.financial/m/news/1102107523?lang=&edition=fundamental","pubTime":"2021-06-30 21:02","market":"us","language":"en","title":"3 Reasons Amazon Could Quadruple Within 5 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1102107523","media":"seekingalpha","summary":"Summary\n\nImagine a company so wonderful, that a single share bought today, might be able to fund a r","content":"<p><b>Summary</b></p>\n<ul>\n <li>Imagine a company so wonderful, that a single share bought today, might be able to fund a rich retirement decades from now. Amazon is that company.</li>\n <li>Amazon's empire of businesses, including high margin AWS and advertising are expected to drive massive margin expansion leading to 33% annual free cash flow growth through 2026.</li>\n <li>$171 billion in annual free cash flow and $628 billion in cash on the balance sheet, means that Amazon will likely be forced by institutional investors to pay dividends.</li>\n <li>Amazon's 17% discount to fair value, and hyper-growth through 2026, means analysts think it could deliver 290% returns, nearly quadrupling your investment in five years.</li>\n <li>Those 26% CAGR consensus returns are what Amazon has delivered with incredible consistency for over 20 years. Combined with the potential to become the biggest dividend payer in history, Amazon is the ultimate rich retirement dream stock. That's why I've invested almost $250,000 into the best hyper-growth Ultra SWAN on earth, in all of my retirement portfolios. As long as Amazon remains undervalued, and the thesis intact, I'll keep buying my highest conviction recommendation of all time.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26138c41ab0116f0498e205dc805fdac\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Andrey Maximenko/iStock via Getty Images</span></p>\n<p>Today the market is highly overvalued, that's no secret.</p>\n<p><img src=\"https://static.tigerbbs.com/18e24a9282a0c7af30d401d5ed681a15\" tg-width=\"640\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p>\n<p>That means that future returns are likely to be far lower than the 14% CAGR investors have enjoyed over the last decade.</p>\n<p>For context, here's the return potential of the 32% overvalued S&amp;P 500.</p>\n<p>S&amp;P 500 2023 Consensus Total Return Potential</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/481b800cee26ad73776bc42cf540679d\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>S&amp;P 500 2026 Consensus Total Return Potential</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e2b09f0029e80868b3d337a6be1fc31\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>Even the venerable dividend aristocrats, which historically outperform the S&amp;P 500 by 2% annually, are only expected to deliver about 6% CAGR total returns over the next five years.</p>\n<p>But fear not, because it's always a market of stocks and not a stock market.</p>\n<p>No matter what kind of investor you are, yield, value, quality, low volatility, maximum returns, ESG, etc., something great is always on sale, if you know where to look.</p>\n<p>Today I wanted to highlight Amazon (AMZN), my highest conviction recommendation ever.</p>\n<p>Not only does Amazon represent a wonderful company at a wonderful price, but there are three reasons why the world's greatest hyper-growth Ultra SWAN could nearly quadruple in the next five years.</p>\n<p>That's right, 26% CAGR consensus return potential, even with the market 32% overvalued.</p>\n<p><b>Amazon Total Returns Since 1998</b></p>\n<p><img src=\"https://static.tigerbbs.com/6c15e1e4749f2958e4c6ceadaa33dc04\" tg-width=\"640\" tg-height=\"122\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5c3c729def2c82b8dcae89d9df47e27d\" tg-width=\"640\" tg-height=\"296\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b3df52b3968b654af4d086cd03c49b8\" tg-width=\"640\" tg-height=\"297\" referrerpolicy=\"no-referrer\"><span>(Source: Portfolio Visualizer)</span></p>\n<p>That's actually the returns Amazon investors have seen with clockwork-like regularity over the past 20 years.</p>\n<p>But wait, it gets better. Not only does Amazon have the potential to deliver Buffett-line returns over the next five years, but it's also likely to become one of the greatest dividend growth blue-chips in the world. In fact, Amazon is eventually likely to become the biggest dividend payer in world history.</p>\n<p>So here are the three reasons why I've invested almost $250,000 into Amazon across my retirement portfolios, on the way to eventually investing millions into what I call my \"Jeff Bezos retirement plan\".</p>\n<p><b>Reason 1: Exceptional Quality And Safety</b></p>\n<p>My motto is \"Safety and quality first, and prudent valuation and sound risk management always.\"</p>\n<p>The Dividend King's overall quality scores factor in 188 fundamental metrics covering.</p>\n<ul>\n <li><p>dividend safety</p></li>\n <li><p>balance sheet strength</p></li>\n <li><p>short and long-term bankruptcy risk</p></li>\n <li><p>accounting and corporate fraud risk</p></li>\n <li><p>profitability and business model</p></li>\n <li><p>growth consensus estimates</p></li>\n <li><p>cost of capital</p></li>\n <li><p>long-term sustainability (ESG scores and trends from MSCI, Morningstar, S&amp;P, FactSet, and Reuters'/Refinitiv)</p></li>\n <li><p>management quality</p></li>\n <li><p>dividend friendly corporate culture/income dependability</p></li>\n <li><p>long-term total returns (a Ben Graham sign of quality)</p></li>\n</ul>\n<p>It actually includes over 1,000 metrics if you count everything factored in by nine rating agencies we use to assess fundamental risk.</p>\n<p>How do we know that our safety and quality model works well?</p>\n<p>During the 2 worst recessions in 75 years, our safety model predicted 6 blue-chip dividend cuts on the Phoenix list.</p>\n<p>There were 5, meaning we did very well during the ultimate baptism by fire for any dividend safety model.</p>\n<p>And then there's the confirmation that our quality ratings are very accurate.</p>\n<p>In the past decade, just 42% of all stocks made money, including dividends.</p>\n<p><img src=\"https://static.tigerbbs.com/77887d92a577c923463c57ecaf5e5e13\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"></p>\n<p>100% Of Phoenix Recs, Past And Present, Have Made Money Over The Last Decade</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9dee2e8b4c6e8be93ea54ae3da22414a\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"><span>(Seeking Alpha)</span></p>\n<p><img src=\"https://static.tigerbbs.com/f2e89af3183b9baba5d0614dfe8b9338\" tg-width=\"640\" tg-height=\"244\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8ec31ba1dd7e5dbd09d18f343d6b9965\" tg-width=\"640\" tg-height=\"276\" referrerpolicy=\"no-referrer\"></p>\n<p>DK Phoenix: A Great Blue-Chip Stock Picking System</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>US Stocks</b></td>\n   <td><b>Phoenix</b></td>\n  </tr>\n  <tr>\n   <td>Positive Total Returns Over The Last 10 Years</td>\n   <td>42%</td>\n   <td>100%</td>\n  </tr>\n  <tr>\n   <td>Lost Money/Went Bankrupt</td>\n   <td>47%</td>\n   <td>0%</td>\n  </tr>\n  <tr>\n   <td>Outperformed Market</td>\n   <td>36%</td>\n   <td>52%</td>\n  </tr>\n  <tr>\n   <td>Bankruptcies Over The Last 10 Years</td>\n   <td>11%</td>\n   <td>0%</td>\n  </tr>\n  <tr>\n   <td>Permanent 70+% Catastrophic Decline</td>\n   <td>40%</td>\n   <td>0%</td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Sources: Morningstar, JPMorgan Asset Management, FactSet, Seeking Alpha)</i></p>\n<p>Basically, historical market data confirms that the DK safety and quality model is one of the most comprehensive and accurate in the world.</p>\n<p>Picking stocks is hard unless you have a comprehensive and accurate way of measuring risk, valuation, and long-term return potential, which DK Phoenix most certainly does.</p>\n<p>This is why I entrust 100% of my life savings to this model and the DK Phoenix strategy.</p>\n<p><b>Balance Sheet Safety</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Rating</b></td>\n   <td><b>Dividend Kings Safety Score (110 Safety Metric Model)</b></td>\n   <td><b>Approximate Dividend Cut Risk (Average Recession)</b></td>\n   <td><p><b>Approximate Dividend Cut Risk In Pandemic Level Recession</b></p></td>\n  </tr>\n  <tr>\n   <td>1 (unsafe)</td>\n   <td>0% to 20%</td>\n   <td>over 4%</td>\n   <td>16+%</td>\n  </tr>\n  <tr>\n   <td>2 (below- average)</td>\n   <td>21% to 40%</td>\n   <td>over 2%</td>\n   <td>8% to 16%</td>\n  </tr>\n  <tr>\n   <td>3 (average)</td>\n   <td>41% to 60%</td>\n   <td>2%</td>\n   <td>4% to 8%</td>\n  </tr>\n  <tr>\n   <td>4 (safe)</td>\n   <td>61% to 80%</td>\n   <td>1%</td>\n   <td>2% to 4%</td>\n  </tr>\n  <tr>\n   <td>5 (very safe)</td>\n   <td>81% to 100%</td>\n   <td>0.5%</td>\n   <td>1% to 2%</td>\n  </tr>\n  <tr>\n   <td><b>AMZN</b></td>\n   <td><b>88%</b></td>\n   <td><b>A+ top AA credit ratings</b></td>\n   <td><b>0.6% to 0.51% 30-year default/bankruptcy risk</b></td>\n  </tr>\n </tbody>\n</table>\n<p><b>Long-Term Dependability</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>DK Long-Term Dependability Score</b></td>\n   <td><b>Interpretation</b></td>\n   <td><b>Points</b></td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500/Industry Average</td>\n   <td>60%</td>\n   <td>Average Dependability</td>\n   <td>2</td>\n  </tr>\n  <tr>\n   <td>Non-Dependable Companies</td>\n   <td>29% or below</td>\n   <td>Poor Dependability</td>\n   <td>1</td>\n  </tr>\n  <tr>\n   <td>Relatively Dependable Companies</td>\n   <td>29% to 64%</td>\n   <td>Below to Above-Average Dependability</td>\n   <td>2</td>\n  </tr>\n  <tr>\n   <td>Very Dependable Companies</td>\n   <td>65% to 79%</td>\n   <td>Very Dependable</td>\n   <td>3</td>\n  </tr>\n  <tr>\n   <td>Exceptionally Dependable Companies</td>\n   <td>80% or higher</td>\n   <td>Exceptional Dependability</td>\n   <td>4</td>\n  </tr>\n  <tr>\n   <td><b>AMZN</b></td>\n   <td><b>80%</b></td>\n   <td><b>Exceptional Dependability</b></td>\n   <td><b>4</b></td>\n  </tr>\n </tbody>\n</table>\n<p><b>Overall Quality</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>AMZN</b></td>\n   <td><b>Final Score</b></td>\n   <td><b>Rating</b></td>\n  </tr>\n  <tr>\n   <td>Safety</td>\n   <td>88%</td>\n   <td>5/5</td>\n  </tr>\n  <tr>\n   <td>Business Model</td>\n   <td>80%</td>\n   <td>3/3</td>\n  </tr>\n  <tr>\n   <td>Dependability</td>\n   <td>80%</td>\n   <td>4/4</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>83%</b></td>\n   <td><b>12/12 Ultra SWAN</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: DK Safety &amp; Quality Tool) updated daily, sorted by overall quality</i></p>\n<p>The DK 500 Master List includes the world's highest quality companies including:</p>\n<ul>\n <li><p>All dividend champions</p></li>\n <li><p>All dividend aristocrats</p></li>\n <li><p>All dividend kings</p></li>\n <li><p>All global aristocrats (such as BTI, ENB, and NVS)</p></li>\n <li><p>All 12/12 Ultra Swans (as close to perfect quality as exists on Wall Street)</p></li>\n</ul>\n<p>AMZN: 123rd Highest Quality Master List Company (Out of 517) = 76th Percentile</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc4fcd0e53ed517cc20402f12043cb4b\" tg-width=\"640\" tg-height=\"241\" referrerpolicy=\"no-referrer\"><span>(Source: DK Safety &amp; Quality Tool) updated daily, sorted by overall quality</span></p>\n<p>AMZN's 83% quality score means its similar in quality to such 11/12 Super Swans and 12/12 Ultra SWANs as:</p>\n<ul>\n <li>Merck (MRK)</li>\n <li>Cardinal Health (CAH) - dividend aristocrat</li>\n <li>Costco (COST)</li>\n <li>General Mills (GIS)</li>\n <li>Nestle (OTCPK:NSRGY)</li>\n <li>Medtronic (MDT) - dividend aristocrat</li>\n <li>Atmos Energy (ATO) - dividend aristocrat</li>\n <li>BlackRock (BLK)</li>\n <li>Alphabet (GOOG)</li>\n <li>Enbridge (ENB) - global aristocrat</li>\n <li>AbbVie (ABBV) - dividend aristocrat</li>\n <li>Berkshire Hathaway (BRK.B)</li>\n</ul>\n<p>Today AMZN is of higher quality than 76% of the world's most elite companies.</p>\n<p>What makes Amazon so high quality?</p>\n<p>Let's start with its fortress balance sheet.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3642bcde8d34e336b32513a8b667b10\" tg-width=\"590\" tg-height=\"636\" referrerpolicy=\"no-referrer\"><span>(Source: GuruFocus Premium)</span></p>\n<p>Amazon's advanced accounting and solvency metrics all confirm almost zero short and long-term bankruptcy risk. They also confirm a significantly below 17.5% chance of accounting fraud.</p>\n<p>These are numbers we can trust, and that's verified by not one, not two, but all three major credit rating agencies.</p>\n<p>Amazon Consensus Credit Rating</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Rating Agency</b></td>\n   <td><b>Credit Rating</b></td>\n   <td><b>30-Year Default/Bankruptcy Risk</b></td>\n   <td><b>Chance of Losing 100% Of Your Investment 1 In</b></td>\n  </tr>\n  <tr>\n   <td>S&amp;P</td>\n   <td>AA stable outlook</td>\n   <td>0.51%</td>\n   <td>196.1</td>\n  </tr>\n  <tr>\n   <td>Fitch</td>\n   <td>AA- stable outlook</td>\n   <td>0.55%</td>\n   <td>181.8</td>\n  </tr>\n  <tr>\n   <td>Moody's</td>\n   <td>A1 (A+ equivalent) stable outlook</td>\n   <td>0.67%</td>\n   <td>149.3</td>\n  </tr>\n  <tr>\n   <td><b>Consensus</b></td>\n   <td><b>AA- stable outlook</b></td>\n   <td><b>0.58%</b></td>\n   <td><b>173.4</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Sources: S&amp;P, Fitch, Moody's)</i></p>\n<p>Warren Buffett defines fundamental risk as the probability of losing 100% of your investment, because of bankruptcy.</p>\n<p>Jeff Bezos himself has said that his main goal is to push back Amazon's eventual bankruptcy for as long as possible.</p>\n<p>According to the rating agencies, he's done a masterful job of that, because the chance of Amazon going bankrupt over the next 30 years is 1 in 173.</p>\n<p>The Bond Market Absolutely LOVES Amazon</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e8d391ae0a66f0a0a7097c951a829db\" tg-width=\"640\" tg-height=\"641\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<ul>\n <li>$81 billion in liquidity</li>\n <li>1.96% average borrowing cost</li>\n <li>\"smart money\" on Wall Street, bond investors, are willing to lend to Amazon for 40 years at under 3%</li>\n <li>better terms than even the US treasury can get</li>\n</ul>\n<p>But wait, it gets better.</p>\n<p>AMZN Balance Sheet Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Debt/EBITDA (3.0 Or Less Safe According To Rating Agencies)</b></td>\n   <td><b>Net Debt/EBITDA</b></td>\n   <td><p><b>Interest Coverage (8+ Safe)</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>0.56</td>\n   <td>-0.09</td>\n   <td>13.90</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>0.42</td>\n   <td>-0.90</td>\n   <td>21.00</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>0.33</td>\n   <td>-1.21</td>\n   <td>27.63</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>0.27</td>\n   <td>-1.52</td>\n   <td>37.61</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>0.21</td>\n   <td>-1.97</td>\n   <td>47.99</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>0.17</td>\n   <td>-2.14</td>\n   <td>58.03</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>0.14</td>\n   <td>-2.24</td>\n   <td>79.57</td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<ul>\n <li>$501 billion consensus net cash by 2026</li>\n</ul>\n<p>Leverage Safety Credit Rating Guidelines For Most Companies</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Credit Rating</b></td>\n   <td><b>Safe Debt/EBITDA For Most Companies</b></td>\n   <td><b>30-Year Default/Bankruptcy Risk</b></td>\n  </tr>\n  <tr>\n   <td>BBB</td>\n   <td>3.0 or less</td>\n   <td>7.50%</td>\n  </tr>\n  <tr>\n   <td>A-</td>\n   <td>2.5 or less</td>\n   <td>2.50%</td>\n  </tr>\n  <tr>\n   <td>A</td>\n   <td>2.0 or less</td>\n   <td>0.66%</td>\n  </tr>\n  <tr>\n   <td>A+</td>\n   <td>1.8 or less</td>\n   <td>0.60%</td>\n  </tr>\n  <tr>\n   <td>AA</td>\n   <td>1.5 or less</td>\n   <td>0.51%</td>\n  </tr>\n  <tr>\n   <td>AAA</td>\n   <td>1.1 or less</td>\n   <td>0.07%</td>\n  </tr>\n </tbody>\n</table>\n<ul>\n <li>S&amp;P recently upgraded AMZN from AA- to AA</li>\n <li>the company is on track to join JNJ and MSFT as the only AAA-rated companies in America</li>\n</ul>\n<p>Within a few years, Amazon could have three AAA-stable credit ratings, tying Microsoft (MSFT) for the strongest balance sheet in corporate America (JNJ has an AAA-negative outlook from Moody's).</p>\n<p>But quality only begins with a strong balance sheet and low fundamental risk.</p>\n<blockquote>\n <b>We assign Amazon an Exemplary Capital Allocation rating.</b>\n</blockquote>\n<blockquote>\n The rating reflects our assessments of a sound balance sheet, exceptional investments, and appropriate shareholder distributions...\n</blockquote>\n<blockquote>\n <b>Management’s track record of investing in areas that investors were initially skeptical of but were ultimately vindicated has been remarkable.</b>..The results have been breathtaking.\n</blockquote>\n<blockquote>\n From humble beginnings, Mr. Bezos has built Amazon into one of the largest companies in the world. On the e-commerce side, the company has evolved from selling books to selling everything, including groceries, delivering purchases the same day they are ordered, and moving into retail categories that were long thought to be beyond the reach of online shopping.\n</blockquote>\n<blockquote>\n The stickiness of Prime members, the financial stability of subscriptions, the tech world shakeup via AWS, the Kindle—the innovation has been dramatic, and shareholders have been rewarded along the way. Ultimately,\n <b>we assess investment as exceptional.</b>\n</blockquote>\n<blockquote>\n Amazon’s capital deployment strategy centers around re-investing in the business and making generally small tuck-in acquisitions.\n <b>The company does not pay a dividend or repurchase shares, nor do we expect them to over the next several years.\"</b>- Morningstar (emphasis added)\n</blockquote>\n<p>I define management quality by long-term capital allocation, as measured by profitability vs peers, as well as the dividend track record (for dividend stocks), and long-term total returns. And on that front, I agree with Morningstar 100% that Amazon has exceptional management quality.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78d42b9bed2737674895bbf058e91e51\" tg-width=\"595\" tg-height=\"597\" referrerpolicy=\"no-referrer\"><span>(Source: GuruFocus Premium)</span></p>\n<p>Amazon's profitability is historically in the top 20% of peers, confirming the wide and stable moat.</p>\n<p><img src=\"https://static.tigerbbs.com/a345405475408a1636a0de9514dd4c7c\" tg-width=\"640\" tg-height=\"390\" referrerpolicy=\"no-referrer\"></p>\n<p>And like Morningstar, I expect Amazon to keep plowing its rivers of profits back into more growth. When you're generating 19% cash returns on invested capital the best thing to do is slam the growth pedal to the floor.</p>\n<p>And that's exactly what analysts expect Amazon to do.</p>\n<p>AMZN Growth Spending Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>SG&amp;A</b></td>\n   <td><b>R&amp;D</b></td>\n   <td><b>Capex</b></td>\n   <td><b>Total Growth Spending</b></td>\n   <td><b>Sales</b></td>\n   <td><p><b>Growth Spending/Sales</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$28,677</td>\n   <td>$37,677</td>\n   <td>$35,046</td>\n   <td>$72,723</td>\n   <td>$386,064</td>\n   <td>18.84%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$34,316</td>\n   <td>$54,529</td>\n   <td>$38,722</td>\n   <td>$93,251</td>\n   <td>$489,008</td>\n   <td>19.07%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$41,429</td>\n   <td>$60,706</td>\n   <td>$39,328</td>\n   <td>$100,034</td>\n   <td>$580,286</td>\n   <td>17.24%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$48,702</td>\n   <td>$66,794</td>\n   <td>$39,666</td>\n   <td>$106,460</td>\n   <td>$675,490</td>\n   <td>15.76%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$50,575</td>\n   <td>$75,326</td>\n   <td>$45,823</td>\n   <td>$121,149</td>\n   <td>$771,718</td>\n   <td>15.70%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$55,270</td>\n   <td>$81,758</td>\n   <td>$47,416</td>\n   <td>$129,174</td>\n   <td>$870,208</td>\n   <td>14.84%</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$60,083</td>\n   <td>$88,553</td>\n   <td>$49,390</td>\n   <td>$137,943</td>\n   <td>$1,010,120</td>\n   <td>13.66%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>13.12%</b></td>\n   <td><b>15.31%</b></td>\n   <td><b>5.88%</b></td>\n   <td><b>11.26%</b></td>\n   <td><b>17.39%</b></td>\n   <td><b>-5.77%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p><img src=\"https://static.tigerbbs.com/7c36f1c1784191679b319b1e3fe6a2ce\" tg-width=\"640\" tg-height=\"390\" referrerpolicy=\"no-referrer\"></p>\n<p>Amazon's hiring binge, which has seen its workforce grow 37% CAGR since 1994, is expected to continue.</p>\n<p>Within a few years, Amazon is likely to surpass Walmart as the largest private employer in America.</p>\n<p>Eventually, it could surpass the Federal Government as the largest employer in America, and one day Amazon could even be the largest employer on earth.</p>\n<p>R&amp;D spending is expected to reach almost $90 billion by 2026. Amazon is already the #1 company on earth when it comes to investing in innovation and new products. And that R&amp;D spending is expected to double within 5 years.</p>\n<p>Growth capex is expected to reach nearly $50 billion by 2026, as Amazon continues maximizing its logistical capabilities. For context, today Amazon has 57 fulfillment centers... in Philadelphia alone!</p>\n<p>Amazon has 77 planes in its Amazon Air businesses and soon it will have85.</p>\n<p>In 2021 Amazon is expected to open a $1.5 billion air hub in Kentucky. For most companies, a $1.5 billion investment would be a huge deal. For Amazon, it's about 5% of its consensus 2021 capex.</p>\n<p>In 2019 Amazon had 60,000 trucks delivering its packages, and the company hasordered 100,000 electric trucks, which would nearly triple its delivery fleet, already one of the largest on earth.</p>\n<p>Globally, Amazon is making inroads into dozens of countries, including India where Bezos says the goal is to create over 1 million direct and indirect jobs by 2025 alone.</p>\n<p>There are few companies on earth as capital intensive as Amazon is today. And yet its returns on capital are still industry-leading and improving rapidly.</p>\n<p>AMZN TTM Profitability Vs Peers</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>Industry Percentile</b></td>\n   <td><b>Major Cyclical Retailers More Profitable Than AMZN (Out of 1058)</b></td>\n  </tr>\n  <tr>\n   <td>Operating Margin</td>\n   <td>66.48</td>\n   <td>355</td>\n  </tr>\n  <tr>\n   <td>Net Margin</td>\n   <td>76.16</td>\n   <td>252</td>\n  </tr>\n  <tr>\n   <td>Return On Equity</td>\n   <td>90.94</td>\n   <td>96</td>\n  </tr>\n  <tr>\n   <td>Return On Assets</td>\n   <td>85.77</td>\n   <td>151</td>\n  </tr>\n  <tr>\n   <td>Return On Capital</td>\n   <td>75.61</td>\n   <td>258</td>\n  </tr>\n  <tr>\n   <td><b>Average</b></td>\n   <td><b>78.99</b></td>\n   <td><b>222</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: GuruFocus Premium)</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae20a3b7d6ae4faf5259f28d2c3b0ec9\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"><span>(Source: GuruFocus Premium)</span></p>\n<p>ROC = Joel Greenblatt's gold standard proxy for quality and moatiness.</p>\n<p>Earnings before interest and taxes/all the money it takes to run the business.</p>\n<p>historically ROC about 2X that of its peers.</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Dividend Kings Watchlist</b></td>\n   <td><b>Average ROC</b></td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>Dividend Champions</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>Dividend Aristocrats</td>\n   <td>85%</td>\n  </tr>\n  <tr>\n   <td>Dividend Kings</td>\n   <td>87%</td>\n  </tr>\n  <tr>\n   <td>Strong ESG</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>Ultra SWANs</td>\n   <td>87%</td>\n  </tr>\n  <tr>\n   <td>Low Volatility</td>\n   <td>87%</td>\n  </tr>\n  <tr>\n   <td>DK 500 Master List</td>\n   <td>106%</td>\n  </tr>\n  <tr>\n   <td>Foreign Dividend Stocks</td>\n   <td>125%</td>\n  </tr>\n  <tr>\n   <td>Hyper-Growth</td>\n   <td>154%</td>\n  </tr>\n </tbody>\n</table>\n<p>You'd think that all that growth spending would cause profit margins to shrink, but Amazon's economies of scale are so large, that profitability is expected to explode in the coming years.</p>\n<p>AMZN Profit Margin Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>FCF Margin</b></td>\n   <td><b>EBITDA Margin</b></td>\n   <td><b>EBIT (Operating) Margin</b></td>\n   <td><b>Net Margin</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>8.0%</td>\n   <td>14.8%</td>\n   <td>5.9%</td>\n   <td>5.5%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>7.7%</td>\n   <td>15.4%</td>\n   <td>7.0%</td>\n   <td>5.8%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>10.2%</td>\n   <td>16.2%</td>\n   <td>8.1%</td>\n   <td>6.6%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>11.7%</td>\n   <td>17.1%</td>\n   <td>9.6%</td>\n   <td>7.8%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>14.2%</td>\n   <td>19.1%</td>\n   <td>11.0%</td>\n   <td>9.1%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>16.1%</td>\n   <td>20.7%</td>\n   <td>12.1%</td>\n   <td>10.6%</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>17.0%</td>\n   <td>22.2%</td>\n   <td>14.7%</td>\n   <td>12.3%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>13.26%</b></td>\n   <td><b>6.92%</b></td>\n   <td><b>16.27%</b></td>\n   <td><b>14.20%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>FCF margins are expected to more than double. Operating margins are expected to nearly triple.</p>\n<p>Amazon's 2026 consensus ROC is 60% to 68%, which is 8x its industry peers and 5x that of the S&amp;P 500.</p>\n<p>What on earth can have analysts so bullish about Amazon's profitability prospects?</p>\n<p>Amazon Web Services Consensus Profitability Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>AWS Consensus Sales</b></td>\n   <td><b>AWS Consensus Operating Income</b></td>\n   <td><b>AWS Consensus EBITDA</b></td>\n   <td><b>AWS Consensus Operating Margin</b></td>\n   <td><p><b>AWS Consensus EBITDA Margin</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$45,370</td>\n   <td>$13,531</td>\n   <td>$29,063</td>\n   <td>29.82%</td>\n   <td>64.06%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$58,450</td>\n   <td>$17,450</td>\n   <td>$35,900</td>\n   <td>29.85%</td>\n   <td>61.42%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$72,988</td>\n   <td>$22,285</td>\n   <td>$41,969</td>\n   <td>30.53%</td>\n   <td>57.50%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$91,683</td>\n   <td>$28,743</td>\n   <td>$49,991</td>\n   <td>31.35%</td>\n   <td>54.53%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$110,174</td>\n   <td>$39,370</td>\n   <td>$58,906</td>\n   <td>35.73%</td>\n   <td>53.47%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$131,980</td>\n   <td>$50,362</td>\n   <td>NA</td>\n   <td>38.16%</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$151,749</td>\n   <td>$63,982</td>\n   <td>NA</td>\n   <td>42.16%</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>22.29%</b></td>\n   <td><b>29.56%</b></td>\n   <td><b>19.32%</b></td>\n   <td><b>5.94%</b></td>\n   <td><b>-4.42%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>Amazon Web Services is the largest cloud computing provider on earth, and those sales are expected to grow at over 22% annually through 2026.</p>\n<p>If AWS were its own business in 2021, it would be ranked #53 on the Fortune 500, larger than Boeing.</p>\n<p><img src=\"https://static.tigerbbs.com/ef66bfecf31ba5368e9e483ff2c0b9fc\" tg-width=\"434\" tg-height=\"954\" referrerpolicy=\"no-referrer\"></p>\n<p>By 2026, AWS's $152 billion in sales, would make it #15 on the Fortune 500.</p>\n<p>Operating margins at AWS are expected to increase by 40% in the next five years. And that's despite Amazon steadily reducing cloud computing prices as it has&nbsp;more than 70 times&nbsp;already.</p>\n<p>But there is an even better business Amazon runs, with 70% operating margins according to analyst firm Piper Jaffray.</p>\n<p>Amazon Advertising Consensus Growth Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Advertising Revenue</b></td>\n   <td><b>Total Sales</b></td>\n   <td><p><b>Advertising As % Of Sales</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$15,730</td>\n   <td>$386,064</td>\n   <td>4.07%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$25,862</td>\n   <td>$489,008</td>\n   <td>5.29%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$33,809</td>\n   <td>$580,286</td>\n   <td>5.83%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$49,722</td>\n   <td>$675,490</td>\n   <td>7.36%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>46.76%</b></td>\n   <td><b>17.39%</b></td>\n   <td><b>21.79%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>The Wall Street Journal estimates Amazon generated $16 billion in ad revenue in 2020, #3 in the world behind Alphabet (GOOG) and Facebook (FB). That's 77% growth in advertising revenue in 2020, a terrible year for the advertising industry.</p>\n<p>That ad business is expected to grow like a weed, more than tripling by 2023 alone.</p>\n<p>In fact, by 2023, about 1/15th of Amazon's revenue is expected to be from digital ads.</p>\n<p><img src=\"https://static.tigerbbs.com/0ffdf852b07773d55e7615de35404d3a\" tg-width=\"640\" tg-height=\"508\" referrerpolicy=\"no-referrer\"></p>\n<p>In 2020 Amazon had 10.3% of the digital ad market, up from 7.8% the year before.</p>\n<p><img src=\"https://static.tigerbbs.com/3866ce2e9c2c12dd34acca1982f6a04b\" tg-width=\"609\" tg-height=\"669\" referrerpolicy=\"no-referrer\"></p>\n<p>eMarketer estimates Amazon is already #2 in search ad spending revenue.</p>\n<blockquote>\n This year, Amazon will control 76.2% of the nearly $24 billion e-commerce channel ad market. For comparison, No. 2 Walmart will capture just 6.5% of the market.\" - eMarketer\n</blockquote>\n<p>AWS + Advertising Consensus Growth Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Advertising Revenue</b></td>\n   <td><b>AWS Revenue</b></td>\n   <td><b>AWS + Advertising Revenue</b></td>\n   <td><b>Total Sales</b></td>\n   <td><p><b>AWS + Advertising/Sales</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$15,730</td>\n   <td>$45,370</td>\n   <td>$61,100</td>\n   <td>$386,064</td>\n   <td>15.83%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$25,862</td>\n   <td>$58,450</td>\n   <td>$84,312</td>\n   <td>$489,008</td>\n   <td>17.24%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$33,809</td>\n   <td>$72,988</td>\n   <td>$106,797</td>\n   <td>$580,286</td>\n   <td>18.40%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$49,722</td>\n   <td>$91,683</td>\n   <td>$141,405</td>\n   <td>$675,490</td>\n   <td>20.93%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>46.76%</b></td>\n   <td><b>22.29%</b></td>\n   <td><b>32.27%</b></td>\n   <td><b>17.39%</b></td>\n   <td><b>9.77%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>Advertising and AWS are the most lucrative parts of its business and those are expected to grow at 32% annually through 2023, and makeup 1/5th of company sales.</p>\n<p>And those sales are themselves growing at incredible rates, thanks to Amazon's other businesses.</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Online Stores</b></td>\n   <td><b>Physical Stores</b></td>\n   <td><b>3rd Party Sellers</b></td>\n   <td><b>Subscription Services</b></td>\n   <td><b>AWS</b></td>\n   <td><b>Advertising</b></td>\n   <td><b>Other</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$197,349</td>\n   <td>$16,224</td>\n   <td>$80,437</td>\n   <td>$25,207</td>\n   <td>$45,370</td>\n   <td>$15,730</td>\n   <td>$21,477</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$247,062</td>\n   <td>$16,271</td>\n   <td>$105,072</td>\n   <td>$32,067</td>\n   <td>$58,450</td>\n   <td>$25,862</td>\n   <td>$32,329</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$291,435</td>\n   <td>$16,818</td>\n   <td>$128,177</td>\n   <td>$38,992</td>\n   <td>$72,988</td>\n   <td>$33,809</td>\n   <td>$42,937</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$307,114</td>\n   <td>$17,128</td>\n   <td>$155,835</td>\n   <td>$44,961</td>\n   <td>$91,683</td>\n   <td>$49,722</td>\n   <td>$52,000</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$318,497</td>\n   <td>$16,750</td>\n   <td>$169,642</td>\n   <td>$52,868</td>\n   <td>$110,174</td>\n   <td>NA</td>\n   <td>$63,637</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$473,794</td>\n   <td>$19,738</td>\n   <td>$189,999</td>\n   <td>$58,948</td>\n   <td>$131,980</td>\n   <td>NA</td>\n   <td>$67,563</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>$151,749</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td><b>Annual Growth</b></td>\n   <td><b>19.14%</b></td>\n   <td><b>4.00%</b></td>\n   <td><b>18.76%</b></td>\n   <td><b>18.52%</b></td>\n   <td><b>22.29%</b></td>\n   <td><b>46.76%</b></td>\n   <td><b>25.76%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>What's included in Amazon's \"other\" businesses, which are expected to generate almost $68 billion in sales by 2025?</p>\n<p>Amazon is an empire with</p>\n<blockquote>\n over 40 subsidiaries, including Audible, Diapers.com, Goodreads, IMDb, Kiva Systems (now Amazon Robotics), Shopbop, TeachStreet, Twitch, and Zappos. -Wikipedia\n</blockquote>\n<p>That motley collection of companies is growing at 25% and by 2026 would be #46 on the Fortune 500.</p>\n<p>The bottom line is Amazon is a glorious empire that combines into one of the world's highest quality and fundamentally safest companies.</p>\n<p>It's also one of the fastest-growing.</p>\n<p><b>Reason 2: Long-Term Growth Potential To Make Grown Men Weep With Joy</b></p>\n<p>What does 17% organic revenue growth combined with extreme multiple expansion get you?</p>\n<p>AMZN Profit Growth Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Sales</b></td>\n   <td><b>FCF</b></td>\n   <td><b>EBITDA</b></td>\n   <td><b>EBIT (Operating Income)</b></td>\n   <td><b>Net Income</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$386,064</td>\n   <td>$31,018</td>\n   <td>$57,284</td>\n   <td>$22,899</td>\n   <td>$21,331</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$489,008</td>\n   <td>$37,694</td>\n   <td>$75,241</td>\n   <td>$34,341</td>\n   <td>$28,601</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$580,286</td>\n   <td>$59,368</td>\n   <td>$94,093</td>\n   <td>$46,944</td>\n   <td>$38,122</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$675,490</td>\n   <td>$79,188</td>\n   <td>$115,214</td>\n   <td>$64,923</td>\n   <td>$52,538</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$771,718</td>\n   <td>$109,720</td>\n   <td>$147,249</td>\n   <td>$84,987</td>\n   <td>$70,026</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$870,208</td>\n   <td>$140,055</td>\n   <td>$180,369</td>\n   <td>$105,028</td>\n   <td>$92,641</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$1,010,120</td>\n   <td>$171,309</td>\n   <td>$223,941</td>\n   <td>$148,007</td>\n   <td>$123,781</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>17.39%</b></td>\n   <td><b>32.95%</b></td>\n   <td><b>25.51%</b></td>\n   <td><b>36.48%</b></td>\n   <td><b>34.05%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>How about 33% CAGR FCF growth and 34% CAGR profit growth?</p>\n<p>Worried about higher corporate taxes in 2022? Jeff Bezos isn't and analysts are already baking that into their consensus estimates.</p>\n<p>AMZN Tax Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Operating Income</b></td>\n   <td><b>Tax Costs</b></td>\n   <td><b>Tax Rate</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$22,899</td>\n   <td>$2,863</td>\n   <td>12.50%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$34,341</td>\n   <td>$6,588</td>\n   <td>19.18%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$46,944</td>\n   <td>$8,364</td>\n   <td>17.82%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$64,923</td>\n   <td>$11,723</td>\n   <td>18.06%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$84,987</td>\n   <td>$15,707</td>\n   <td>18.48%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$105,028</td>\n   <td>$19,933</td>\n   <td>18.98%</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$148,007</td>\n   <td>$25,665</td>\n   <td>17.34%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>36.48%</b></td>\n   <td><b>44.13%</b></td>\n   <td><b>5.60%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>Amazon's extreme growth spending is expected to keep its tax rate far below the 25% or so that most analysts now expect beyond 2021.</p>\n<p>That still means a $26 billion tax bill in 2026. Gone forever are the days of Amazon paying no taxes. But by 2026 Amazon is expected to become the largest single corporate taxpayer in the world, likely neutralizing claims that its \"not paying its fair share\".</p>\n<p>How much should investors fear taxes? Not much, because look at the growth estimates for Amazon for the next few years.</p>\n<p>Amazon's Medium-Term Growth Consensus</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>2021 Growth Consensus</b></td>\n   <td><b>2022 Growth Consensus</b></td>\n   <td><b>2023 Growth Consensus</b></td>\n   <td><b>2024 Growth Consensus</b></td>\n   <td><b>2025 Growth Consensus</b></td>\n   <td><p><b>2026 Growth Consensus</b></p></td>\n  </tr>\n  <tr>\n   <td>Sales</td>\n   <td>27%</td>\n   <td>19%</td>\n   <td>16%</td>\n   <td>14%</td>\n   <td>13%</td>\n   <td>16%</td>\n  </tr>\n  <tr>\n   <td>Earnings</td>\n   <td>33%</td>\n   <td>30%</td>\n   <td>31%</td>\n   <td>35%</td>\n   <td>31%</td>\n   <td>32%</td>\n  </tr>\n  <tr>\n   <td>Owner Earnings (Buffett smoothed out FCF)</td>\n   <td>-13%</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>Operating Cash Flow</td>\n   <td>14%</td>\n   <td>20%</td>\n   <td>17%</td>\n   <td>43%</td>\n   <td>19%</td>\n   <td>16%</td>\n  </tr>\n  <tr>\n   <td>Free Cash Flow</td>\n   <td>26%</td>\n   <td>57%</td>\n   <td>23%</td>\n   <td>54%</td>\n   <td>26%</td>\n   <td>21%</td>\n  </tr>\n  <tr>\n   <td>EBITDA</td>\n   <td>91%</td>\n   <td>23%</td>\n   <td>22%</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>EBIT (Operating Income)</td>\n   <td>44%</td>\n   <td>38%</td>\n   <td>32%</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FAST Graphs, FactSet Research Terminal)</i></p>\n<p>Those are mind-blowing growth rates for any company, much less the 2nd largest by revenue in the world.</p>\n<p>And those hyper-growth rates are coming off one of Amazon's best years ever.</p>\n<p>Amazon Was A Big Pandemic Winner</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>2020 Growth Results</b></td>\n  </tr>\n  <tr>\n   <td>Sales</td>\n   <td>38%</td>\n  </tr>\n  <tr>\n   <td>Earnings</td>\n   <td>82%</td>\n  </tr>\n  <tr>\n   <td>Owner Earnings (Buffett smoothed out FCF)</td>\n   <td>145%</td>\n  </tr>\n  <tr>\n   <td>Operating Cash Flow</td>\n   <td>70%</td>\n  </tr>\n  <tr>\n   <td>Free Cash Flow</td>\n   <td>18%</td>\n  </tr>\n  <tr>\n   <td>EBITDA</td>\n   <td>28%</td>\n  </tr>\n  <tr>\n   <td>EBIT (Operating Income)</td>\n   <td>53%</td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FAST Graphs, FactSet Research Terminal)</i></p>\n<p>But what about beyond 2026?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73a38f645a1608f99cc77e6ec072dc8d\" tg-width=\"640\" tg-height=\"105\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<p>Growth consensus range: 26.7% to 38.1% CAGR</p>\n<p><img src=\"https://static.tigerbbs.com/fa1e01b03bef42c7ed38ac2250cff266\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1150e4a88902c36c95997ca434ba5ba2\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p>\n<p>The historical margin of error, smoothing for outliers is 20% to the downside, 30% to the upside.</p>\n<p>The historical margin-of-error adjusted growth consensus range is 21% to 50% CAGR.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa93ca51685a573b23f8374d41368a45\" tg-width=\"640\" tg-height=\"445\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>Amazon's growth consensus means analysts expect the growth rate of the last two decades to continue, courtesy of margin expansion.</p>\n<p><b>Why Amazon Is Likely To Eventually Become The Biggest Dividend Payer In World History</b></p>\n<p>Today Amazon doesn't pay a dividend. Morningstar and analysts don't expect it to through at least 2026.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2179922a283d0c3fe0f5d4a90548a023\" tg-width=\"640\" tg-height=\"136\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<p>But guess what? Simple math tells us that one day if Amazon grows as analysts expect, it will almost have no alternative than massive buybacks and dividends that put Apple's (AAPL) to shame.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c76904335d4c5233f9ea5d4b3f7a2a8f\" tg-width=\"640\" tg-height=\"255\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<ul>\n <li>2026 consensus cash pile of $628 billion</li>\n <li>$501 billion net cash</li>\n <li>Apple began its capital returns at $250 billion</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33e6f4534ab69d845938b2fc376c1db3\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"><span>(Source: Apple)</span></p>\n<p>Apple has so far returned $551 billion in cash to investors. By 2026 Amazon's cash pile is expected to be $77 billion larger than that mind-blowing sum.</p>\n<p>AMZN Potential Dividend Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>FCF/Share Consensus</b></td>\n   <td><b>Dividend Per Share (50% Payout Ratio)</b></td>\n   <td><b>Yield On Today's Cost</b></td>\n   <td><b>Consensus Yield Potential</b></td>\n   <td><b>Analyst Consensus Fair Value Price</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$60.82</td>\n   <td>$30.41</td>\n   <td>0.87%</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$71.13</td>\n   <td>$35.57</td>\n   <td>1.02%</td>\n   <td>0.84%</td>\n   <td>$4,243.20</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$99.74</td>\n   <td>$49.87</td>\n   <td>1.42%</td>\n   <td>0.88%</td>\n   <td>$5,643.44</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$133.27</td>\n   <td>$66.64</td>\n   <td>1.90%</td>\n   <td>0.98%</td>\n   <td>$6,770.26</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$205.74</td>\n   <td>$102.87</td>\n   <td>2.94%</td>\n   <td>1.08%</td>\n   <td>$9,516.45</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$259.57</td>\n   <td>$129.79</td>\n   <td>3.70%</td>\n   <td>1.12%</td>\n   <td>$11,567.10</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$313.89</td>\n   <td>$156.95</td>\n   <td>4.48%</td>\n   <td>1.15%</td>\n   <td>$13,655.48</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>31.46%</b></td>\n   <td><b>31.46%</b></td>\n   <td><b>31.46%</b></td>\n   <td><b>6.52%</b></td>\n   <td><b>26.33%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>Amazon yielding 1% would be similar to Apple, Microsoft, Visa (V), and Mastercard (MA) today.</p>\n<p>And guess what? If Amazon paid a 50% FCF dividend, then it would still see its cash position grow by almost $200 billion in the next five years.</p>\n<p>AMZN Potential Dividend/Retained Cash Flow Consensus</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Dividend Consensus</b></td>\n   <td><b>FCF/Share Consensus</b></td>\n   <td><b>Payout Ratio</b></td>\n   <td><b>Retained FCF</b></td>\n   <td><b>Buyback Potential</b></td>\n   <td><b>Debt Repayment Potential</b></td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$35.57</td>\n   <td>$71.13</td>\n   <td>50.0%</td>\n   <td>$17,925</td>\n   <td>1.01%</td>\n   <td>56.1%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$49.87</td>\n   <td>$99.74</td>\n   <td>50.0%</td>\n   <td>$25,134</td>\n   <td>1.42%</td>\n   <td>79.8%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$66.64</td>\n   <td>$133.27</td>\n   <td>50.0%</td>\n   <td>$33,584</td>\n   <td>1.90%</td>\n   <td>107.3%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$102.87</td>\n   <td>$205.74</td>\n   <td>50.0%</td>\n   <td>$51,846</td>\n   <td>2.93%</td>\n   <td>167.8%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$129.79</td>\n   <td>$259.57</td>\n   <td>50.0%</td>\n   <td>$65,412</td>\n   <td>3.70%</td>\n   <td>214.6%</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$156.95</td>\n   <td>$313.89</td>\n   <td>50.0%</td>\n   <td>$79,100</td>\n   <td>4.48%</td>\n   <td>259.5%</td>\n  </tr>\n  <tr>\n   <td><b>Total 2021 Through 2026</b></td>\n   <td><b>$541.67</b></td>\n   <td><b>$1,083.34</b></td>\n   <td><b>50.0%</b></td>\n   <td><b>$193,901.40</b></td>\n   <td><b>10.97%</b></td>\n   <td><b>606.42%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>If Amazon began paying out 100% of FCF as buybacks and dividends starting in 2022, then by 2026 its cash pile would be \"just\" $85.5 billion.</p>\n<p>How does a 32% growing dividend with a 1% starting yield, and 2% annual buybacks sound?</p>\n<p>Like $79 billion in annual dividends to all investors, and $8.0 billion to Jeff Bezos personally, by 2026.</p>\n<p>Bezos spends billions each year on Blue Origin (his rocket company) and philanthropy.</p>\n<p>In fact, if Amazon were to pay a 1% dividend this year, that's $1.8 billion to Bezos (and $17.9 billion to the rest of us), pretty much ensuring he never has to sell a single share ever again.</p>\n<p>Would paying those dividends harm Amazon's growth efforts? Not at all. Free cash flow is what's left over after running the business and investing in future growth.</p>\n<p>$171 billion in FCF that analysts expect in 2026 is AFTER $138 billion in growth spending.</p>\n<p>Within a few years, big institutions will likely insist that Amazon do something with its historic mountain of cash.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9830e84590274c519912b4e405af7fb8\" tg-width=\"640\" tg-height=\"264\" referrerpolicy=\"no-referrer\"><span>(Source: GuruFocus Premium)</span></p>\n<p>63% of Amazon is owned by institutional investors, including 12% Vanguard and BlackRock alone. For context, Jeff Bezos owns 10.1% of the company.</p>\n<p>Collecting cash for its own sake is not prudent capital allocation, which is why these big institutions forced Apple to start buying back stock and paying dividends in 2012.</p>\n<p>And that's likely to happen eventually with Amazon.</p>\n<p><b>If Amazon Keeps Growing FCF At 33% CAGR Through 2030</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>FCF</b></td>\n   <td><p><b>Cash On The Balance Sheet ($ Millions)</b></p></td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$171,309</td>\n   <td>$627,910</td>\n  </tr>\n  <tr>\n   <td>2027</td>\n   <td>$227,755</td>\n   <td>$855,665</td>\n  </tr>\n  <tr>\n   <td>2028</td>\n   <td>$302,801</td>\n   <td>$1,158,466</td>\n  </tr>\n  <tr>\n   <td>2029</td>\n   <td>$402,574</td>\n   <td>$1,561,040</td>\n  </tr>\n  <tr>\n   <td>2030</td>\n   <td>$535,221</td>\n   <td>$2,096,261</td>\n  </tr>\n </tbody>\n</table>\n<p>Even if Amazon's FCF growth rate slows significantly in 2027, by 2030 it will likely have $1+ trillion in cash, barring massive buybacks and dividends.</p>\n<p>What kind of income could Amazon eventually generate? Sufficient for a single share to potentially fund a rich retirement if your time horizon is long enough.</p>\n<p>Amazon Potential Inflation-Adjusted Future Dividends Per Share</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>AMZN Dividend Per Share (10% CAGR Growth)</b></td>\n   <td><b>AMZN Dividend Per Share (12.5% CAGR Growth)</b></td>\n   <td><b>AMZN Dividend Per Share (15% CAGR Growth)</b></td>\n   <td><b>AMZN Dividend Per Share (17.5% CAGR Growth)</b></td>\n   <td><p><b>AMZN Dividend Per Share (20% CAGR Growth)</b></p></td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$35.57</td>\n   <td>$35.57</td>\n   <td>$35.57</td>\n   <td>$35.57</td>\n   <td>$35.57</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$52.26</td>\n   <td>$58.59</td>\n   <td>$65.53</td>\n   <td>$73.10</td>\n   <td>$81.36</td>\n  </tr>\n  <tr>\n   <td>2031</td>\n   <td>$76.78</td>\n   <td>$96.53</td>\n   <td>$120.73</td>\n   <td>$150.26</td>\n   <td>$186.14</td>\n  </tr>\n  <tr>\n   <td>2036</td>\n   <td>$112.82</td>\n   <td>$159.02</td>\n   <td>$222.43</td>\n   <td>$308.85</td>\n   <td>$425.85</td>\n  </tr>\n  <tr>\n   <td>2041</td>\n   <td>$165.77</td>\n   <td>$261.98</td>\n   <td>$409.82</td>\n   <td>$634.84</td>\n   <td>$974.23</td>\n  </tr>\n  <tr>\n   <td>2046</td>\n   <td>$243.57</td>\n   <td>$431.60</td>\n   <td>$755.06</td>\n   <td>$1,304.89</td>\n   <td>$2,228.81</td>\n  </tr>\n  <tr>\n   <td>2051</td>\n   <td>$357.88</td>\n   <td>$711.04</td>\n   <td>$1,391.16</td>\n   <td>$2,682.15</td>\n   <td>$5,098.98</td>\n  </tr>\n  <tr>\n   <td>2056</td>\n   <td>$525.84</td>\n   <td>$1,171.39</td>\n   <td>$2,563.12</td>\n   <td>$5,513.05</td>\n   <td>$11,665.22</td>\n  </tr>\n  <tr>\n   <td>2061</td>\n   <td>$772.63</td>\n   <td>$1,929.81</td>\n   <td>$4,722.38</td>\n   <td>$11,331.89</td>\n   <td>$26,687.21</td>\n  </tr>\n  <tr>\n   <td>2066</td>\n   <td>$1,135.25</td>\n   <td>$3,179.25</td>\n   <td>$8,700.67</td>\n   <td>$23,292.29</td>\n   <td>$61,053.86</td>\n  </tr>\n  <tr>\n   <td>2071</td>\n   <td>$1,668.06</td>\n   <td>$5,237.65</td>\n   <td>$16,030.42</td>\n   <td>$47,876.46</td>\n   <td>$139,676.45</td>\n  </tr>\n </tbody>\n</table>\n<p>A single share of Amazon could, with a long enough time frame, fund a comfortable retirement, with dividends alone.</p>\n<p>For context, the average social security benefit in 2021 is $1,543 per month = $18,516.</p>\n<p>A modest position in Amazon of 14 shares today, under my base case (15% future dividend growth) scenario will equal social security payments within 30 years, adjusted for inflation.</p>\n<p>I own over 73 shares of Amazon and counting which means $1.2 million in potential inflation-adjusted annual dividends in 50 years. This is my Jeff Bezos retirement plan.</p>\n<p><b>Reason 3: A Wonderful Company At A Wonderful Price And The Potential For 290% Returns In The Next 5 Years</b></p>\n<p>With Amazon near its all-time highs, many investors think it must be overvalued. However, its actually 17% undervalued.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d25c26202284b932556a32c78e613d7\" tg-width=\"640\" tg-height=\"449\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<ul>\n <li>billions of investors over 20 years have concluded 24 to 26x cash flow is fair value for Amazon</li>\n <li>91% statistical probability this is a reasonable estimate of intrinsic value</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d40651c431f16a1b854c8e11ee99f6ed\" tg-width=\"640\" tg-height=\"338\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<ul>\n <li>23.9x forward cash flow = 0.64 PEG = hyper-growth at a very attractive price</li>\n <li>24.2 EV/EBITDA vs 34.8 13-year median = AMZN potentially 30% undervalued</li>\n</ul>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>Historical Fair Value Multiple (13-years)</b></td>\n   <td><b>2021</b></td>\n   <td><b>2022</b></td>\n   <td><b>2023</b></td>\n   <td><b>2024</b></td>\n   <td><b>2025</b></td>\n   <td><b>2026</b></td>\n  </tr>\n  <tr>\n   <td>Owner Earnings (Buffett Smoothed Out FCF)</td>\n   <td>26.10</td>\n   <td>$4,210.22</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>Operating Cash Flow</td>\n   <td>25.10</td>\n   <td>$3,714.47</td>\n   <td>$4,456.98</td>\n   <td>$5,210.94</td>\n   <td>$7,885.17</td>\n   <td>$9,359.29</td>\n   <td>$10,889.13</td>\n  </tr>\n  <tr>\n   <td>Free Cash Flow</td>\n   <td>58.32</td>\n   <td>$3,748.49</td>\n   <td>$5,880.49</td>\n   <td>$7,213.57</td>\n   <td>$11,998.76</td>\n   <td>$15,138.12</td>\n   <td>$18,306.06</td>\n  </tr>\n  <tr>\n   <td>EBITDA</td>\n   <td>39.96</td>\n   <td>$5,911.02</td>\n   <td>$7,290.23</td>\n   <td>$8,882.35</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td><b>Average</b></td>\n   <td><b>$4,243.20</b></td>\n   <td><b>$5,643.44</b></td>\n   <td><b>$6,770.26</b></td>\n   <td><b>$9,516.45</b></td>\n   <td><b>$11,567.10</b></td>\n   <td>$13,655.48</td>\n  </tr>\n  <tr>\n   <td>Current Price</td>\n   <td>$3,503.82</td>\n  </tr>\n  <tr>\n   <td><p><b>Discount To Fair Value</b></p></td>\n   <td><b>17.43%</b></td>\n   <td><b>37.91%</b></td>\n   <td><b>48.25%</b></td>\n   <td><b>63.18%</b></td>\n   <td><b>69.71%</b></td>\n   <td>74.34%</td>\n  </tr>\n  <tr>\n   <td><b>Upside To Fair Value</b></td>\n   <td><b>21.10%</b></td>\n   <td><b>61.07%</b></td>\n   <td><b>93.23%</b></td>\n   <td><b>171.60%</b></td>\n   <td><b>230.13%</b></td>\n   <td>289.73%</td>\n  </tr>\n </tbody>\n</table>\n<ul>\n <li>290% consensus return potential over the next five years</li>\n <li>$13,655 consensus price in 2026</li>\n <li>$6.6 trillion market cap (assuming no buybacks)</li>\n <li>6.6x sales</li>\n <li>26% CAGR consensus return potential</li>\n</ul>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Morningstar Fair Value</b></p></td>\n  </tr>\n  <tr>\n   <td>$4,200.00</td>\n  </tr>\n  <tr>\n   <td><p><b>Discount To MS FV Estimate</b></p></td>\n  </tr>\n  <tr>\n   <td><b>16.58%</b></td>\n  </tr>\n  <tr>\n   <td><p>Upside To MS FV</p></td>\n  </tr>\n  <tr>\n   <td>19.87%</td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Analyst Median 12-Month Price Target</b></p></td>\n  </tr>\n  <tr>\n   <td>$4,249.17</td>\n  </tr>\n  <tr>\n   <td><p><b>Discount To Price Target</b></p></td>\n  </tr>\n  <tr>\n   <td><b>17.54%</b></td>\n  </tr>\n  <tr>\n   <td><p>Upside To Price Target</p></td>\n  </tr>\n  <tr>\n   <td>21.27%</td>\n  </tr>\n </tbody>\n</table>\n<p>Basically, all the experts agree, AMZN is modestly undervalued, with significantly short-term upside potential, 100% justified by some of the best fundamentals on Wall Street.</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Rating</b></td>\n   <td><b>Margin Of Safety For 12/12 Ultra SWAN Quality Companies</b></td>\n   <td><b>2020 Price</b></td>\n   <td><b>2021 Price</b></td>\n   <td><b>2022 Price</b></td>\n  </tr>\n  <tr>\n   <td>Potentially Reasonable Buy</td>\n   <td>0%</td>\n   <td>$3,409.22</td>\n   <td>$4,243.20</td>\n   <td>$5,643.44</td>\n  </tr>\n  <tr>\n   <td>Potentially Good Buy</td>\n   <td>5%</td>\n   <td>$3,238.76</td>\n   <td>$4,031.04</td>\n   <td>$5,361.27</td>\n  </tr>\n  <tr>\n   <td><i><b>Potentially Strong Buy</b></i></td>\n   <td><i><b>15%</b></i></td>\n   <td><i><b>$2,897.84</b></i></td>\n   <td><i><b>$3,606.72</b></i></td>\n   <td><i><b>$4,796.92</b></i></td>\n  </tr>\n  <tr>\n   <td>Potentially Very Strong Buy</td>\n   <td>25%</td>\n   <td>$2,429.07</td>\n   <td>$3,182.40</td>\n   <td>$4,232.58</td>\n  </tr>\n  <tr>\n   <td>Potentially Ultra-Value Buy</td>\n   <td>35%</td>\n   <td>$2,216.00</td>\n   <td>$2,758.08</td>\n   <td>$3,668.23</td>\n  </tr>\n  <tr>\n   <td><b>Currently</b></td>\n   <td><b>$3,503.82</b></td>\n   <td><b>-2.77%</b></td>\n   <td><b>17.43%</b></td>\n   <td><b>37.91%</b></td>\n  </tr>\n  <tr>\n   <td><p>Upside To Fair Value (Not Including Dividends)</p></td>\n   <td>-2.70%</td>\n   <td>21.10%</td>\n   <td>61.07%</td>\n  </tr>\n </tbody>\n</table>\n<p>AMZN is a potentially strong buy for anyone comfortable with its risk profile.</p>\n<p>And here's what investors buying AMZN today can reasonably expect as far as total returns are concerned.</p>\n<ul>\n <li>5-year consensus return potential range: 18% to 35% CAGR</li>\n</ul>\n<p>AMZN 2023 Consensus Total Return Potential (Using The Most Conservative Metric)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3caa57b1226a0fc30b132d34d01c01b\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>AMZN 2026 Consensus Total Return Potential (Using The Most Conservative Metric)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/258cec5540c56ae6304277f278329aea\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>For context, Cathie Wood at ARKK and private equity strive for 15% CAGR total returns over time.</p>\n<ul>\n <li>double your money every 5 years</li>\n</ul>\n<p>ARK Innovation ETF Valuation: 106x Earnings And Rising By The Day</p>\n<p><i>(Source: Morningstar)</i></p>\n<p>106x forward earnings for companies growing at 17.7% CAGR = 6.0 PEG.</p>\n<p>OCF PEG of 2.4 at ARKK.</p>\n<p>AMZN OCF PEG of 0.64.</p>\n<p>ARKK is paying 4x as much for growth as Amazon investors buying today.</p>\n<p>There is a 91% statistical probability that ARKK investors see terrible returns in the coming 10 to 20 years.</p>\n<p>Over the long-term analysts expect:</p>\n<ul>\n <li>0% yield + 37.2% growth = 37.2% CAGR total return potential</li>\n <li>21% to 50% CAGR range</li>\n <li>vs 7.9% S&amp;P 500 and 11.0% aristocrats and 16.5% Nasdaq</li>\n</ul>\n<p>AMZN has consistently delivered 26% to 27 CAGR long-term returns.</p>\n<p>The low end of the 26.7% to 38.1% CAGR growth consensus range.</p>\n<p>AMZN Vs S&amp;P 500 Vs Aristocrats Inflation-Adjusted Long-Term Return Forecast: $1,000 Initial Investment</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Time Frame (Years)</b></td>\n   <td><b>5.9% LT Inflation-Adjusted Returns (S&amp;P Consensus)</b></td>\n   <td><b>9.0% Inflation-Adjusted Returns (Aristocrat consensus)</b></td>\n   <td><b>24% Inflation-Adjusted Returns (AMZN historical return)</b></td>\n   <td><b>35.2% Inflation-Adjusted Returns (AMZN Consensus)</b></td>\n  </tr>\n  <tr>\n   <td>5</td>\n   <td>$1,331.93</td>\n   <td>$1,538.62</td>\n   <td>$2,931.63</td>\n   <td>$4,517.35</td>\n  </tr>\n  <tr>\n   <td>10</td>\n   <td>$1,774.02</td>\n   <td>$2,367.36</td>\n   <td>$8,594.43</td>\n   <td><b>$20,406.42</b></td>\n  </tr>\n  <tr>\n   <td>15</td>\n   <td>$2,362.87</td>\n   <td>$3,642.48</td>\n   <td><b>$25,195.63</b></td>\n   <td>$92,182.90</td>\n  </tr>\n  <tr>\n   <td>20</td>\n   <td>$3,147.16</td>\n   <td>$5,604.41</td>\n   <td>$73,864.15</td>\n   <td>$416,422.16</td>\n  </tr>\n  <tr>\n   <td>25</td>\n   <td>$4,191.79</td>\n   <td>$8,623.08</td>\n   <td>$216,541.99</td>\n   <td>$1,881,123.42</td>\n  </tr>\n  <tr>\n   <td>30</td>\n   <td>$5,583.14</td>\n   <td>$13,267.68</td>\n   <td>$634,819.93</td>\n   <td>$8,497,687.35</td>\n  </tr>\n  <tr>\n   <td>35</td>\n   <td>$7,436.33</td>\n   <td>$20,413.97</td>\n   <td>$1,861,054.03</td>\n   <td>$38,387,002.96</td>\n  </tr>\n  <tr>\n   <td>40</td>\n   <td>$9,904.63</td>\n   <td>$31,409.42</td>\n   <td>$5,455,912.62</td>\n   <td>$173,407,415.00</td>\n  </tr>\n  <tr>\n   <td>45</td>\n   <td>$13,192.23</td>\n   <td>$48,327.29</td>\n   <td>$15,994,690.19</td>\n   <td>$783,341,476.50</td>\n  </tr>\n  <tr>\n   <td>50</td>\n   <td>$17,571.06</td>\n   <td>$74,357.52</td>\n   <td>$46,890,434.61</td>\n   <td>$3,538,625,316.57</td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td><b>Time Frame (Years)</b></td>\n   <td><b>Ratio S&amp;P vs Aristocrat Consensus</b></td>\n   <td><b>Ratio S&amp;P vs AMZN Historical Return</b></td>\n   <td><p><b>Ratio S&amp;P vs AMZN Consensus</b></p></td>\n  </tr>\n  <tr>\n   <td>5</td>\n   <td>1.16</td>\n   <td>2.20</td>\n   <td>3.39</td>\n  </tr>\n  <tr>\n   <td>10</td>\n   <td>1.33</td>\n   <td>4.84</td>\n   <td><b>11.50</b></td>\n  </tr>\n  <tr>\n   <td>15</td>\n   <td>1.54</td>\n   <td><b>10.66</b></td>\n   <td>39.01</td>\n  </tr>\n  <tr>\n   <td>20</td>\n   <td>1.78</td>\n   <td>23.47</td>\n   <td>132.32</td>\n  </tr>\n  <tr>\n   <td>25</td>\n   <td>2.06</td>\n   <td>51.66</td>\n   <td>448.76</td>\n  </tr>\n  <tr>\n   <td>30</td>\n   <td>2.38</td>\n   <td>113.70</td>\n   <td>1522.03</td>\n  </tr>\n  <tr>\n   <td>35</td>\n   <td>2.75</td>\n   <td>250.27</td>\n   <td>5162.09</td>\n  </tr>\n  <tr>\n   <td>40</td>\n   <td>3.17</td>\n   <td>550.84</td>\n   <td>17507.71</td>\n  </tr>\n  <tr>\n   <td>45</td>\n   <td>3.66</td>\n   <td>1212.43</td>\n   <td>59379.01</td>\n  </tr>\n  <tr>\n   <td>50</td>\n   <td>4.23</td>\n   <td>2668.62</td>\n   <td>201389.38</td>\n  </tr>\n </tbody>\n</table>\n<p>Over the next 10 to 15 years, Amazon, if it grows as expected, it could deliver 10 to 12x the returns of the S&amp;P 500 and turn $1 into about $20 to $25, in inflation-adjusted terms.</p>\n<p>Risk Profile: Why Amazon Isn't Right For Everyone</p>\n<p>No company is right for everyone, and all have complex risk profiles that investors must understand and be comfortable with.</p>\n<p>Fundamental Risk Profile</p>\n<p><b>We believe that the uncertainty for Amazon is high and that despite being an e-commerce leader, the company faces a variety of risks.</b></p>\n<p>Amazon must protect its leading online retailing position, which can be challenging as consumer preferences change, especially post-COVID-19 (as consumers may revert back to prior behaviors), and traditional retailers bolster their online presence.</p>\n<p>Maintaining an e-commerce edge has pushed the company to make investments in non-traditional areas, such as producing content for its Prime Video subscriptions and building out its own transportation network.</p>\n<p>Similarly, the company must also maintain an attractive value proposition for its third-party sellers. Some of these investment areas have raised investor questions in the past, and we expect management to continue to invest according to its strategy, despite periodic margin pressure from increased spending.</p>\n<p>The company must also continue to invest in new offerings. AWS, transportation, and physical stores (both Amazon branded and Whole Foods) are three notable areas of investment. These decisions require capital allocation and management focus and may play out over a period of years rather than quarters.</p>\n<p><b>Continued international expansion will likely require similar investment and management attention but will also increase exposure to different regulatory environments.</b></p>\n<p>Some countries have instituted or may institute protectionist policies. Even domestically over the last several years, lawmakers from both parties have increasingly focused on the amount of market power large technology companies have accrued.</p>\n<p><b>Antitrust, data privacy, and section 230 have been repeatedly invoked.</b></p>\n<p>From an ESG perspective, data breaches and service outages are a concern for any type of cloud service provider. As a retailer, Amazon has personal information for hundreds of millions of consumers around the world, while AWS hosts proprietary mission critical data for enterprises.\" - Morningstar (emphasis added)</p>\n<ul>\n <li>regulatory/political risk (domestic and international)</li>\n <li>disruption risk from major tech competitors (like GOOG, FB, and MSFT)</li>\n <li>complex ESG risk (such as 150% annual turnover at fulfillment centers)</li>\n</ul>\n<p>Material Financial ESG Risk Analysis: How Large Institutions Measure Total Risk</p>\n<ul>\n <li>5 High-Yield ESG Blue-Chips For A Safe And Prosperous Retirement</li>\n</ul>\n<p>Here is a special report that outlines the most important aspects of understanding long-term ESG financial risks for your investments.</p>\n<p>The bottom line is that ESG is NOT about politics or personal ethical opinions.</p>\n<p>Among institutions that factor ESG into their safety models and ratings are:</p>\n<ul>\n <li>BlackRock</li>\n <li>MSCI</li>\n <li>Morningstar</li>\n <li>Reuters</li>\n <li>S&amp;P</li>\n <li>Fitch</li>\n <li>Moody's</li>\n <li>DBRS</li>\n <li>AM Best</li>\n <li>Bank of America</li>\n <li>Bloomberg</li>\n <li>FactSet Research</li>\n <li>Wells Fargo</li>\n <li>NAREIT</li>\n <li>State Street</li>\n <li>and many, many more</li>\n</ul>\n<p>Quality companies have always practiced ESG risk management long before it was popular among investors.</p>\n<blockquote>\n If you use\n <b>ESG scores that inherently tilts a portfolio to quality.</b>\" - NYU study\n <b>The overlap between ESG, especially measures related to the ‘G’ [or governance], and quality is pretty large.</b>” - Research AffiliatesCompanies with strong ESG profiles may be better positioned for future challenges and experience\n <b>fewer instances of bribery, corruption, and fraud.</b>\" - MSCI (Emphasis added)\n</blockquote>\n<p>Bank of America's research finds that ESG metrics also help improve the long-term profitability and outcomes at companies.</p>\n<blockquote>\n We find that companies with greater gender diversity at the board/management level typically see\n <b>higher ROE and lower earnings risk than peers.</b>Moreover, based on disclosure data from ICE, we find gender diversity in management is associated with a ~20% premium on P/E on an overall and sector-neutral basis.Ethnic and racial workforce diversity shows similarly strong results:\n <b>higher ROE, lower risk, and significant premia on P/E</b>and P/BV.\" - Bank of America (emphasis original)\n</blockquote>\n<p>Dividend Aristocrats Are Strong ESG Companies</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8ba2655b83e526b8e213206a1ab9198b\" tg-width=\"640\" tg-height=\"378\" referrerpolicy=\"no-referrer\"><span>(Source: Morningstar)</span></p>\n<p><img src=\"https://static.tigerbbs.com/28a7f31cdc8acde82fce95672b754655\" tg-width=\"1170\" tg-height=\"666\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8bd8a315f9194c3b0d9bcec080ea0bfa\" tg-width=\"900\" tg-height=\"872\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b96207809e8a57c16c394e25bcfeb69f\" tg-width=\"902\" tg-height=\"814\" referrerpolicy=\"no-referrer\"></p>\n<p>Analyst firm McKinsey has done several studies on this topic and concluded that between 25% and 60% of cash flows are affected by ESG risk.</p>\n<p>It also did a meta-analysis of over 2,000 studies and found the ESG risk mitigation was 8X as likely to boost a company’s bottom line as hurt it.</p>\n<p>AMZN's ESG Risk Management Consensus</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Rating Agency</b></td>\n   <td><b>Industry Percentile</b></td>\n   <td><p><b>Rating Agency Classification</b></p></td>\n  </tr>\n  <tr>\n   <td>MSCI</td>\n   <td>62.0%</td>\n   <td>BBB Average</td>\n  </tr>\n  <tr>\n   <td>Morningstar/Sustainalytics</td>\n   <td>0.2%</td>\n   <td><p>30.9/100 High Risk</p></td>\n  </tr>\n  <tr>\n   <td>Reuters'/Refinitiv</td>\n   <td>98.9%</td>\n   <td>Excellent</td>\n  </tr>\n  <tr>\n   <td>S&amp;P</td>\n   <td>21.0%</td>\n   <td>Very Poor</td>\n  </tr>\n  <tr>\n   <td><b>Consensus</b></td>\n   <td><b>45.5%</b></td>\n   <td><b>Average</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Sources: Morningstar, Reuters'/Refinitiv)</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/383c86f90f296e1f90c7ee721055c42a\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<p><img src=\"https://static.tigerbbs.com/9a3948c69cba266c64b5a3b009bf8bf9\" tg-width=\"640\" tg-height=\"457\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5734b4bb5a582aa664d93b28ff40ac08\" tg-width=\"640\" tg-height=\"288\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/add8dd4cf4f17241a15cf13b0f82bfd1\" tg-width=\"640\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/c6aee376fed18fa80819cb50999f4abc\" tg-width=\"640\" tg-height=\"171\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d01e14a5abc80d7e4def3b61dcc45fa\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\"><span>(Source: Morningstar)</span></p>\n<ul>\n <li><p>0.2th percentile for its industry (472nd best out of 473 retailers)</p></li>\n <li><p>39th percentile among all rated companies (14,143)</p></li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8f0db304e0b3a9935543e509ab1121a\" tg-width=\"640\" tg-height=\"327\"><span>(Source: Reuters'/Refinitiv)</span></p>\n<ul>\n <li>an industry leader in all long-term risk management metrics</li>\n</ul>\n<p>How We Monitor AMZN's Risk Profile</p>\n<ul>\n <li>51 analysts</li>\n <li>3 credit rating agencies</li>\n <li>7 total risk rating agencies</li>\n <li>58 total experts who collectively know this business better than anyone other than management</li>\n</ul>\n<p>Rest assured that if Amazon's thesis weakens, strengthens, or shatters, we'll know about it and so DK members and my SA readers.</p>\n<p><b>Bottom Line: Amazon Is The Ultimate Rich Retirement Dream Stock</b></p>\n<p>My Real Money Phoenix Retirement Portfolio (Tracked Daily In Our Real Money Phoenix Portfolio Tool)</p>\n<p><img src=\"https://static.tigerbbs.com/b8d6d875cd0b73cdf40d8cc66404c656\" tg-width=\"640\" tg-height=\"249\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ac05bb3c7d43680ed5fed99d03a08a2\" tg-width=\"640\" tg-height=\"147\"><span>(Source: Morningstar)</span></p>\n<p>Do you know what ETF or mutual fund offers a 3.5% very safe yield, with 15.5% growth and that's also 13% undervalued? All from a collection of blue-chips that matches the dividend aristocrats for quality and safety?</p>\n<p>None, because only through prudent stock picking and active management can you achieve fundamentals like this.</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><b>DS Phoenix Portfolio Fundamentals</b></td>\n  </tr>\n  <tr>\n   <td><b>Yield</b></td>\n   <td><b>3.53%</b></td>\n  </tr>\n  <tr>\n   <td><b>LT Growth Forecast</b></td>\n   <td><b>15.51%</b></td>\n  </tr>\n  <tr>\n   <td>Discount To Fair Value</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>5-Year Annual Valuation Boost</td>\n   <td>2.82%</td>\n  </tr>\n  <tr>\n   <td><b>5-Year Consensus Total Return Potential</b></td>\n   <td><b>21.86%</b></td>\n  </tr>\n  <tr>\n   <td><b>5-Year Risk-Adjusted Expected Total Return</b></td>\n   <td><b>15.98%</b></td>\n  </tr>\n  <tr>\n   <td><i><b>LT Consensus Total Return Potential</b></i></td>\n   <td><i><b>19.04%</b></i></td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500 5-Year Risk-Adjusted Expected Return</td>\n   <td>3.60%</td>\n  </tr>\n  <tr>\n   <td>DK Video Phoenix Risk-Adjusted Return/S&amp;P 500 Risk-Adjusted Expected Return</td>\n   <td>4.44</td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500 Consensus LT Total Return Potential</td>\n   <td>7.9%</td>\n  </tr>\n  <tr>\n   <td>Dividend Aristocrats Consensus LT Total Return Potential</td>\n   <td>11.0%</td>\n  </tr>\n  <tr>\n   <td>DS Phoenix LT Consensus Total Return Potential/S&amp;P 500 Consensus LT Total Return Potential</td>\n   <td>2.41</td>\n  </tr>\n  <tr>\n   <td>DS Phoenix LT Consensus Total Return Potential/Dividend Aristocrats Consensus LT Total Return Potential</td>\n   <td>1.73</td>\n  </tr>\n </tbody>\n</table>\n<p>Amazon is the heart of my 28% growth allocation, and by combining it with high-yield blue-chips, you can have your cake and eat it too.</p>\n<ul>\n <li>8 Safe Dividend Stocks Yielding Over 6%</li>\n</ul>\n<p>If you buy Amazon in equal amounts with something likeBritish American Tobacco(BTI), here is the synthetic company you create.</p>\n<ul>\n <li>4% safe yield growing about 4.3% over time</li>\n <li>growth consensus of 21% CAGR</li>\n <li>33% discount to fair value</li>\n</ul>\n<p>Does that sound like a good way to combine growth, value, and yield? I think so, and that's why I've invested nearly $350,000 into that specific combination so far.</p>\n<p>Amazon is very likely to eventually have to pay a dividend. That's not speculation, its simple math. Big institutional investors simply won't stand for a company amassing a $1+ trillion cash pile.</p>\n<p>That day may be far into the future, possibly 2030 or so.</p>\n<p>But whenever Amazon finally starts paying dividends and buying back stock by the boatload, doesn't matter.</p>\n<p>Long-term investors buying Amazon today for pure growth, quality, and attractive valuation, are likely to be rolling in safe, and exponentially growing income in the years and decades to come.</p>\n<p>While there are many great hyper-growth stocks to choose from, none offer Amazon's incredible combination of quality, safety, growth, valuation, and future dividend potential that can allow a single share to possibly fund a rich retirement.</p>\n<p>That's why I keep buying Amazon steadily, as long as its undervalued and its thesis remains intact.</p>\n<p>If a small position in Amazon today can lead to a rich retirement in a few decades, then imagine how golden our golden years will be, if we own a large position, constructed over many years, and through several market downturns.</p>\n<p>Because to quote Frasier Crane</p>\n<blockquote>\n If less is more, then imagine how much more, more is.\n</blockquote>","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 Reasons Amazon Could Quadruple Within 5 Years</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 Reasons Amazon Could Quadruple Within 5 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437187-3-reasons-amazon-could-quadruple-within-5-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nImagine a company so wonderful, that a single share bought today, might be able to fund a rich retirement decades from now. Amazon is that company.\nAmazon's empire of businesses, including ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437187-3-reasons-amazon-could-quadruple-within-5-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4437187-3-reasons-amazon-could-quadruple-within-5-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102107523","content_text":"Summary\n\nImagine a company so wonderful, that a single share bought today, might be able to fund a rich retirement decades from now. Amazon is that company.\nAmazon's empire of businesses, including high margin AWS and advertising are expected to drive massive margin expansion leading to 33% annual free cash flow growth through 2026.\n$171 billion in annual free cash flow and $628 billion in cash on the balance sheet, means that Amazon will likely be forced by institutional investors to pay dividends.\nAmazon's 17% discount to fair value, and hyper-growth through 2026, means analysts think it could deliver 290% returns, nearly quadrupling your investment in five years.\nThose 26% CAGR consensus returns are what Amazon has delivered with incredible consistency for over 20 years. Combined with the potential to become the biggest dividend payer in history, Amazon is the ultimate rich retirement dream stock. That's why I've invested almost $250,000 into the best hyper-growth Ultra SWAN on earth, in all of my retirement portfolios. As long as Amazon remains undervalued, and the thesis intact, I'll keep buying my highest conviction recommendation of all time.\n\nAndrey Maximenko/iStock via Getty Images\nToday the market is highly overvalued, that's no secret.\n\nThat means that future returns are likely to be far lower than the 14% CAGR investors have enjoyed over the last decade.\nFor context, here's the return potential of the 32% overvalued S&P 500.\nS&P 500 2023 Consensus Total Return Potential\n(Source: FAST Graphs, FactSet Research)\nS&P 500 2026 Consensus Total Return Potential\n(Source: FAST Graphs, FactSet Research)\nEven the venerable dividend aristocrats, which historically outperform the S&P 500 by 2% annually, are only expected to deliver about 6% CAGR total returns over the next five years.\nBut fear not, because it's always a market of stocks and not a stock market.\nNo matter what kind of investor you are, yield, value, quality, low volatility, maximum returns, ESG, etc., something great is always on sale, if you know where to look.\nToday I wanted to highlight Amazon (AMZN), my highest conviction recommendation ever.\nNot only does Amazon represent a wonderful company at a wonderful price, but there are three reasons why the world's greatest hyper-growth Ultra SWAN could nearly quadruple in the next five years.\nThat's right, 26% CAGR consensus return potential, even with the market 32% overvalued.\nAmazon Total Returns Since 1998\n\n(Source: Portfolio Visualizer)\nThat's actually the returns Amazon investors have seen with clockwork-like regularity over the past 20 years.\nBut wait, it gets better. Not only does Amazon have the potential to deliver Buffett-line returns over the next five years, but it's also likely to become one of the greatest dividend growth blue-chips in the world. In fact, Amazon is eventually likely to become the biggest dividend payer in world history.\nSo here are the three reasons why I've invested almost $250,000 into Amazon across my retirement portfolios, on the way to eventually investing millions into what I call my \"Jeff Bezos retirement plan\".\nReason 1: Exceptional Quality And Safety\nMy motto is \"Safety and quality first, and prudent valuation and sound risk management always.\"\nThe Dividend King's overall quality scores factor in 188 fundamental metrics covering.\n\ndividend safety\nbalance sheet strength\nshort and long-term bankruptcy risk\naccounting and corporate fraud risk\nprofitability and business model\ngrowth consensus estimates\ncost of capital\nlong-term sustainability (ESG scores and trends from MSCI, Morningstar, S&P, FactSet, and Reuters'/Refinitiv)\nmanagement quality\ndividend friendly corporate culture/income dependability\nlong-term total returns (a Ben Graham sign of quality)\n\nIt actually includes over 1,000 metrics if you count everything factored in by nine rating agencies we use to assess fundamental risk.\nHow do we know that our safety and quality model works well?\nDuring the 2 worst recessions in 75 years, our safety model predicted 6 blue-chip dividend cuts on the Phoenix list.\nThere were 5, meaning we did very well during the ultimate baptism by fire for any dividend safety model.\nAnd then there's the confirmation that our quality ratings are very accurate.\nIn the past decade, just 42% of all stocks made money, including dividends.\n\n100% Of Phoenix Recs, Past And Present, Have Made Money Over The Last Decade\n(Seeking Alpha)\n\nDK Phoenix: A Great Blue-Chip Stock Picking System\n\n\n\nMetric\nUS Stocks\nPhoenix\n\n\nPositive Total Returns Over The Last 10 Years\n42%\n100%\n\n\nLost Money/Went Bankrupt\n47%\n0%\n\n\nOutperformed Market\n36%\n52%\n\n\nBankruptcies Over The Last 10 Years\n11%\n0%\n\n\nPermanent 70+% Catastrophic Decline\n40%\n0%\n\n\n\n(Sources: Morningstar, JPMorgan Asset Management, FactSet, Seeking Alpha)\nBasically, historical market data confirms that the DK safety and quality model is one of the most comprehensive and accurate in the world.\nPicking stocks is hard unless you have a comprehensive and accurate way of measuring risk, valuation, and long-term return potential, which DK Phoenix most certainly does.\nThis is why I entrust 100% of my life savings to this model and the DK Phoenix strategy.\nBalance Sheet Safety\n\n\n\nRating\nDividend Kings Safety Score (110 Safety Metric Model)\nApproximate Dividend Cut Risk (Average Recession)\nApproximate Dividend Cut Risk In Pandemic Level Recession\n\n\n1 (unsafe)\n0% to 20%\nover 4%\n16+%\n\n\n2 (below- average)\n21% to 40%\nover 2%\n8% to 16%\n\n\n3 (average)\n41% to 60%\n2%\n4% to 8%\n\n\n4 (safe)\n61% to 80%\n1%\n2% to 4%\n\n\n5 (very safe)\n81% to 100%\n0.5%\n1% to 2%\n\n\nAMZN\n88%\nA+ top AA credit ratings\n0.6% to 0.51% 30-year default/bankruptcy risk\n\n\n\nLong-Term Dependability\n\n\n\nCompany\nDK Long-Term Dependability Score\nInterpretation\nPoints\n\n\nS&P 500/Industry Average\n60%\nAverage Dependability\n2\n\n\nNon-Dependable Companies\n29% or below\nPoor Dependability\n1\n\n\nRelatively Dependable Companies\n29% to 64%\nBelow to Above-Average Dependability\n2\n\n\nVery Dependable Companies\n65% to 79%\nVery Dependable\n3\n\n\nExceptionally Dependable Companies\n80% or higher\nExceptional Dependability\n4\n\n\nAMZN\n80%\nExceptional Dependability\n4\n\n\n\nOverall Quality\n\n\n\nAMZN\nFinal Score\nRating\n\n\nSafety\n88%\n5/5\n\n\nBusiness Model\n80%\n3/3\n\n\nDependability\n80%\n4/4\n\n\nTotal\n83%\n12/12 Ultra SWAN\n\n\n\n(Source: DK Safety & Quality Tool) updated daily, sorted by overall quality\nThe DK 500 Master List includes the world's highest quality companies including:\n\nAll dividend champions\nAll dividend aristocrats\nAll dividend kings\nAll global aristocrats (such as BTI, ENB, and NVS)\nAll 12/12 Ultra Swans (as close to perfect quality as exists on Wall Street)\n\nAMZN: 123rd Highest Quality Master List Company (Out of 517) = 76th Percentile\n(Source: DK Safety & Quality Tool) updated daily, sorted by overall quality\nAMZN's 83% quality score means its similar in quality to such 11/12 Super Swans and 12/12 Ultra SWANs as:\n\nMerck (MRK)\nCardinal Health (CAH) - dividend aristocrat\nCostco (COST)\nGeneral Mills (GIS)\nNestle (OTCPK:NSRGY)\nMedtronic (MDT) - dividend aristocrat\nAtmos Energy (ATO) - dividend aristocrat\nBlackRock (BLK)\nAlphabet (GOOG)\nEnbridge (ENB) - global aristocrat\nAbbVie (ABBV) - dividend aristocrat\nBerkshire Hathaway (BRK.B)\n\nToday AMZN is of higher quality than 76% of the world's most elite companies.\nWhat makes Amazon so high quality?\nLet's start with its fortress balance sheet.\n(Source: GuruFocus Premium)\nAmazon's advanced accounting and solvency metrics all confirm almost zero short and long-term bankruptcy risk. They also confirm a significantly below 17.5% chance of accounting fraud.\nThese are numbers we can trust, and that's verified by not one, not two, but all three major credit rating agencies.\nAmazon Consensus Credit Rating\n\n\n\nRating Agency\nCredit Rating\n30-Year Default/Bankruptcy Risk\nChance of Losing 100% Of Your Investment 1 In\n\n\nS&P\nAA stable outlook\n0.51%\n196.1\n\n\nFitch\nAA- stable outlook\n0.55%\n181.8\n\n\nMoody's\nA1 (A+ equivalent) stable outlook\n0.67%\n149.3\n\n\nConsensus\nAA- stable outlook\n0.58%\n173.4\n\n\n\n(Sources: S&P, Fitch, Moody's)\nWarren Buffett defines fundamental risk as the probability of losing 100% of your investment, because of bankruptcy.\nJeff Bezos himself has said that his main goal is to push back Amazon's eventual bankruptcy for as long as possible.\nAccording to the rating agencies, he's done a masterful job of that, because the chance of Amazon going bankrupt over the next 30 years is 1 in 173.\nThe Bond Market Absolutely LOVES Amazon\n(Source: FactSet Research Terminal)\n\n$81 billion in liquidity\n1.96% average borrowing cost\n\"smart money\" on Wall Street, bond investors, are willing to lend to Amazon for 40 years at under 3%\nbetter terms than even the US treasury can get\n\nBut wait, it gets better.\nAMZN Balance Sheet Consensus Forecast\n\n\n\nYear\nDebt/EBITDA (3.0 Or Less Safe According To Rating Agencies)\nNet Debt/EBITDA\nInterest Coverage (8+ Safe)\n\n\n2020\n0.56\n-0.09\n13.90\n\n\n2021\n0.42\n-0.90\n21.00\n\n\n2022\n0.33\n-1.21\n27.63\n\n\n2023\n0.27\n-1.52\n37.61\n\n\n2024\n0.21\n-1.97\n47.99\n\n\n2025\n0.17\n-2.14\n58.03\n\n\n2026\n0.14\n-2.24\n79.57\n\n\n\n(Source: FactSet Research Terminal)\n\n$501 billion consensus net cash by 2026\n\nLeverage Safety Credit Rating Guidelines For Most Companies\n\n\n\nCredit Rating\nSafe Debt/EBITDA For Most Companies\n30-Year Default/Bankruptcy Risk\n\n\nBBB\n3.0 or less\n7.50%\n\n\nA-\n2.5 or less\n2.50%\n\n\nA\n2.0 or less\n0.66%\n\n\nA+\n1.8 or less\n0.60%\n\n\nAA\n1.5 or less\n0.51%\n\n\nAAA\n1.1 or less\n0.07%\n\n\n\n\nS&P recently upgraded AMZN from AA- to AA\nthe company is on track to join JNJ and MSFT as the only AAA-rated companies in America\n\nWithin a few years, Amazon could have three AAA-stable credit ratings, tying Microsoft (MSFT) for the strongest balance sheet in corporate America (JNJ has an AAA-negative outlook from Moody's).\nBut quality only begins with a strong balance sheet and low fundamental risk.\n\nWe assign Amazon an Exemplary Capital Allocation rating.\n\n\n The rating reflects our assessments of a sound balance sheet, exceptional investments, and appropriate shareholder distributions...\n\n\nManagement’s track record of investing in areas that investors were initially skeptical of but were ultimately vindicated has been remarkable...The results have been breathtaking.\n\n\n From humble beginnings, Mr. Bezos has built Amazon into one of the largest companies in the world. On the e-commerce side, the company has evolved from selling books to selling everything, including groceries, delivering purchases the same day they are ordered, and moving into retail categories that were long thought to be beyond the reach of online shopping.\n\n\n The stickiness of Prime members, the financial stability of subscriptions, the tech world shakeup via AWS, the Kindle—the innovation has been dramatic, and shareholders have been rewarded along the way. Ultimately,\n we assess investment as exceptional.\n\n\n Amazon’s capital deployment strategy centers around re-investing in the business and making generally small tuck-in acquisitions.\n The company does not pay a dividend or repurchase shares, nor do we expect them to over the next several years.\"- Morningstar (emphasis added)\n\nI define management quality by long-term capital allocation, as measured by profitability vs peers, as well as the dividend track record (for dividend stocks), and long-term total returns. And on that front, I agree with Morningstar 100% that Amazon has exceptional management quality.\n(Source: GuruFocus Premium)\nAmazon's profitability is historically in the top 20% of peers, confirming the wide and stable moat.\n\nAnd like Morningstar, I expect Amazon to keep plowing its rivers of profits back into more growth. When you're generating 19% cash returns on invested capital the best thing to do is slam the growth pedal to the floor.\nAnd that's exactly what analysts expect Amazon to do.\nAMZN Growth Spending Consensus Forecast\n\n\n\nYear\nSG&A\nR&D\nCapex\nTotal Growth Spending\nSales\nGrowth Spending/Sales\n\n\n2020\n$28,677\n$37,677\n$35,046\n$72,723\n$386,064\n18.84%\n\n\n2021\n$34,316\n$54,529\n$38,722\n$93,251\n$489,008\n19.07%\n\n\n2022\n$41,429\n$60,706\n$39,328\n$100,034\n$580,286\n17.24%\n\n\n2023\n$48,702\n$66,794\n$39,666\n$106,460\n$675,490\n15.76%\n\n\n2024\n$50,575\n$75,326\n$45,823\n$121,149\n$771,718\n15.70%\n\n\n2025\n$55,270\n$81,758\n$47,416\n$129,174\n$870,208\n14.84%\n\n\n2026\n$60,083\n$88,553\n$49,390\n$137,943\n$1,010,120\n13.66%\n\n\nAnnualized Growth\n13.12%\n15.31%\n5.88%\n11.26%\n17.39%\n-5.77%\n\n\n\n(Source: FactSet Research Terminal)\n\nAmazon's hiring binge, which has seen its workforce grow 37% CAGR since 1994, is expected to continue.\nWithin a few years, Amazon is likely to surpass Walmart as the largest private employer in America.\nEventually, it could surpass the Federal Government as the largest employer in America, and one day Amazon could even be the largest employer on earth.\nR&D spending is expected to reach almost $90 billion by 2026. Amazon is already the #1 company on earth when it comes to investing in innovation and new products. And that R&D spending is expected to double within 5 years.\nGrowth capex is expected to reach nearly $50 billion by 2026, as Amazon continues maximizing its logistical capabilities. For context, today Amazon has 57 fulfillment centers... in Philadelphia alone!\nAmazon has 77 planes in its Amazon Air businesses and soon it will have85.\nIn 2021 Amazon is expected to open a $1.5 billion air hub in Kentucky. For most companies, a $1.5 billion investment would be a huge deal. For Amazon, it's about 5% of its consensus 2021 capex.\nIn 2019 Amazon had 60,000 trucks delivering its packages, and the company hasordered 100,000 electric trucks, which would nearly triple its delivery fleet, already one of the largest on earth.\nGlobally, Amazon is making inroads into dozens of countries, including India where Bezos says the goal is to create over 1 million direct and indirect jobs by 2025 alone.\nThere are few companies on earth as capital intensive as Amazon is today. And yet its returns on capital are still industry-leading and improving rapidly.\nAMZN TTM Profitability Vs Peers\n\n\n\nMetric\nIndustry Percentile\nMajor Cyclical Retailers More Profitable Than AMZN (Out of 1058)\n\n\nOperating Margin\n66.48\n355\n\n\nNet Margin\n76.16\n252\n\n\nReturn On Equity\n90.94\n96\n\n\nReturn On Assets\n85.77\n151\n\n\nReturn On Capital\n75.61\n258\n\n\nAverage\n78.99\n222\n\n\n\n(Source: GuruFocus Premium)\n(Source: GuruFocus Premium)\nROC = Joel Greenblatt's gold standard proxy for quality and moatiness.\nEarnings before interest and taxes/all the money it takes to run the business.\nhistorically ROC about 2X that of its peers.\n\n\n\nDividend Kings Watchlist\nAverage ROC\n\n\nS&P 500\n13%\n\n\nDividend Champions\n83%\n\n\nDividend Aristocrats\n85%\n\n\nDividend Kings\n87%\n\n\nStrong ESG\n83%\n\n\nUltra SWANs\n87%\n\n\nLow Volatility\n87%\n\n\nDK 500 Master List\n106%\n\n\nForeign Dividend Stocks\n125%\n\n\nHyper-Growth\n154%\n\n\n\nYou'd think that all that growth spending would cause profit margins to shrink, but Amazon's economies of scale are so large, that profitability is expected to explode in the coming years.\nAMZN Profit Margin Consensus Forecast\n\n\n\nYear\nFCF Margin\nEBITDA Margin\nEBIT (Operating) Margin\nNet Margin\n\n\n2020\n8.0%\n14.8%\n5.9%\n5.5%\n\n\n2021\n7.7%\n15.4%\n7.0%\n5.8%\n\n\n2022\n10.2%\n16.2%\n8.1%\n6.6%\n\n\n2023\n11.7%\n17.1%\n9.6%\n7.8%\n\n\n2024\n14.2%\n19.1%\n11.0%\n9.1%\n\n\n2025\n16.1%\n20.7%\n12.1%\n10.6%\n\n\n2026\n17.0%\n22.2%\n14.7%\n12.3%\n\n\nAnnualized Growth\n13.26%\n6.92%\n16.27%\n14.20%\n\n\n\n(Source: FactSet Research Terminal)\nFCF margins are expected to more than double. Operating margins are expected to nearly triple.\nAmazon's 2026 consensus ROC is 60% to 68%, which is 8x its industry peers and 5x that of the S&P 500.\nWhat on earth can have analysts so bullish about Amazon's profitability prospects?\nAmazon Web Services Consensus Profitability Forecast\n\n\n\nYear\nAWS Consensus Sales\nAWS Consensus Operating Income\nAWS Consensus EBITDA\nAWS Consensus Operating Margin\nAWS Consensus EBITDA Margin\n\n\n2020\n$45,370\n$13,531\n$29,063\n29.82%\n64.06%\n\n\n2021\n$58,450\n$17,450\n$35,900\n29.85%\n61.42%\n\n\n2022\n$72,988\n$22,285\n$41,969\n30.53%\n57.50%\n\n\n2023\n$91,683\n$28,743\n$49,991\n31.35%\n54.53%\n\n\n2024\n$110,174\n$39,370\n$58,906\n35.73%\n53.47%\n\n\n2025\n$131,980\n$50,362\nNA\n38.16%\nNA\n\n\n2026\n$151,749\n$63,982\nNA\n42.16%\nNA\n\n\nAnnualized Growth\n22.29%\n29.56%\n19.32%\n5.94%\n-4.42%\n\n\n\n(Source: FactSet Research Terminal)\nAmazon Web Services is the largest cloud computing provider on earth, and those sales are expected to grow at over 22% annually through 2026.\nIf AWS were its own business in 2021, it would be ranked #53 on the Fortune 500, larger than Boeing.\n\nBy 2026, AWS's $152 billion in sales, would make it #15 on the Fortune 500.\nOperating margins at AWS are expected to increase by 40% in the next five years. And that's despite Amazon steadily reducing cloud computing prices as it has more than 70 times already.\nBut there is an even better business Amazon runs, with 70% operating margins according to analyst firm Piper Jaffray.\nAmazon Advertising Consensus Growth Forecast\n\n\n\nYear\nAdvertising Revenue\nTotal Sales\nAdvertising As % Of Sales\n\n\n2020\n$15,730\n$386,064\n4.07%\n\n\n2021\n$25,862\n$489,008\n5.29%\n\n\n2022\n$33,809\n$580,286\n5.83%\n\n\n2023\n$49,722\n$675,490\n7.36%\n\n\nAnnualized Growth\n46.76%\n17.39%\n21.79%\n\n\n\n(Source: FactSet Research Terminal)\nThe Wall Street Journal estimates Amazon generated $16 billion in ad revenue in 2020, #3 in the world behind Alphabet (GOOG) and Facebook (FB). That's 77% growth in advertising revenue in 2020, a terrible year for the advertising industry.\nThat ad business is expected to grow like a weed, more than tripling by 2023 alone.\nIn fact, by 2023, about 1/15th of Amazon's revenue is expected to be from digital ads.\n\nIn 2020 Amazon had 10.3% of the digital ad market, up from 7.8% the year before.\n\neMarketer estimates Amazon is already #2 in search ad spending revenue.\n\n This year, Amazon will control 76.2% of the nearly $24 billion e-commerce channel ad market. For comparison, No. 2 Walmart will capture just 6.5% of the market.\" - eMarketer\n\nAWS + Advertising Consensus Growth Forecast\n\n\n\nYear\nAdvertising Revenue\nAWS Revenue\nAWS + Advertising Revenue\nTotal Sales\nAWS + Advertising/Sales\n\n\n2020\n$15,730\n$45,370\n$61,100\n$386,064\n15.83%\n\n\n2021\n$25,862\n$58,450\n$84,312\n$489,008\n17.24%\n\n\n2022\n$33,809\n$72,988\n$106,797\n$580,286\n18.40%\n\n\n2023\n$49,722\n$91,683\n$141,405\n$675,490\n20.93%\n\n\nAnnualized Growth\n46.76%\n22.29%\n32.27%\n17.39%\n9.77%\n\n\n\n(Source: FactSet Research Terminal)\nAdvertising and AWS are the most lucrative parts of its business and those are expected to grow at 32% annually through 2023, and makeup 1/5th of company sales.\nAnd those sales are themselves growing at incredible rates, thanks to Amazon's other businesses.\n\n\n\nYear\nOnline Stores\nPhysical Stores\n3rd Party Sellers\nSubscription Services\nAWS\nAdvertising\nOther\n\n\n2020\n$197,349\n$16,224\n$80,437\n$25,207\n$45,370\n$15,730\n$21,477\n\n\n2021\n$247,062\n$16,271\n$105,072\n$32,067\n$58,450\n$25,862\n$32,329\n\n\n2022\n$291,435\n$16,818\n$128,177\n$38,992\n$72,988\n$33,809\n$42,937\n\n\n2023\n$307,114\n$17,128\n$155,835\n$44,961\n$91,683\n$49,722\n$52,000\n\n\n2024\n$318,497\n$16,750\n$169,642\n$52,868\n$110,174\nNA\n$63,637\n\n\n2025\n$473,794\n$19,738\n$189,999\n$58,948\n$131,980\nNA\n$67,563\n\n\n2026\nNA\nNA\nNA\nNA\n$151,749\nNA\nNA\n\n\nAnnual Growth\n19.14%\n4.00%\n18.76%\n18.52%\n22.29%\n46.76%\n25.76%\n\n\n\n(Source: FactSet Research Terminal)\nWhat's included in Amazon's \"other\" businesses, which are expected to generate almost $68 billion in sales by 2025?\nAmazon is an empire with\n\n over 40 subsidiaries, including Audible, Diapers.com, Goodreads, IMDb, Kiva Systems (now Amazon Robotics), Shopbop, TeachStreet, Twitch, and Zappos. -Wikipedia\n\nThat motley collection of companies is growing at 25% and by 2026 would be #46 on the Fortune 500.\nThe bottom line is Amazon is a glorious empire that combines into one of the world's highest quality and fundamentally safest companies.\nIt's also one of the fastest-growing.\nReason 2: Long-Term Growth Potential To Make Grown Men Weep With Joy\nWhat does 17% organic revenue growth combined with extreme multiple expansion get you?\nAMZN Profit Growth Consensus Forecast\n\n\n\nYear\nSales\nFCF\nEBITDA\nEBIT (Operating Income)\nNet Income\n\n\n2020\n$386,064\n$31,018\n$57,284\n$22,899\n$21,331\n\n\n2021\n$489,008\n$37,694\n$75,241\n$34,341\n$28,601\n\n\n2022\n$580,286\n$59,368\n$94,093\n$46,944\n$38,122\n\n\n2023\n$675,490\n$79,188\n$115,214\n$64,923\n$52,538\n\n\n2024\n$771,718\n$109,720\n$147,249\n$84,987\n$70,026\n\n\n2025\n$870,208\n$140,055\n$180,369\n$105,028\n$92,641\n\n\n2026\n$1,010,120\n$171,309\n$223,941\n$148,007\n$123,781\n\n\nAnnualized Growth\n17.39%\n32.95%\n25.51%\n36.48%\n34.05%\n\n\n\n(Source: FactSet Research Terminal)\nHow about 33% CAGR FCF growth and 34% CAGR profit growth?\nWorried about higher corporate taxes in 2022? Jeff Bezos isn't and analysts are already baking that into their consensus estimates.\nAMZN Tax Consensus Forecast\n\n\n\nYear\nOperating Income\nTax Costs\nTax Rate\n\n\n2020\n$22,899\n$2,863\n12.50%\n\n\n2021\n$34,341\n$6,588\n19.18%\n\n\n2022\n$46,944\n$8,364\n17.82%\n\n\n2023\n$64,923\n$11,723\n18.06%\n\n\n2024\n$84,987\n$15,707\n18.48%\n\n\n2025\n$105,028\n$19,933\n18.98%\n\n\n2026\n$148,007\n$25,665\n17.34%\n\n\nAnnualized Growth\n36.48%\n44.13%\n5.60%\n\n\n\n(Source: FactSet Research Terminal)\nAmazon's extreme growth spending is expected to keep its tax rate far below the 25% or so that most analysts now expect beyond 2021.\nThat still means a $26 billion tax bill in 2026. Gone forever are the days of Amazon paying no taxes. But by 2026 Amazon is expected to become the largest single corporate taxpayer in the world, likely neutralizing claims that its \"not paying its fair share\".\nHow much should investors fear taxes? Not much, because look at the growth estimates for Amazon for the next few years.\nAmazon's Medium-Term Growth Consensus\n\n\n\nMetric\n2021 Growth Consensus\n2022 Growth Consensus\n2023 Growth Consensus\n2024 Growth Consensus\n2025 Growth Consensus\n2026 Growth Consensus\n\n\nSales\n27%\n19%\n16%\n14%\n13%\n16%\n\n\nEarnings\n33%\n30%\n31%\n35%\n31%\n32%\n\n\nOwner Earnings (Buffett smoothed out FCF)\n-13%\nNA\nNA\nNA\nNA\nNA\n\n\nOperating Cash Flow\n14%\n20%\n17%\n43%\n19%\n16%\n\n\nFree Cash Flow\n26%\n57%\n23%\n54%\n26%\n21%\n\n\nEBITDA\n91%\n23%\n22%\nNA\nNA\nNA\n\n\nEBIT (Operating Income)\n44%\n38%\n32%\nNA\nNA\nNA\n\n\n\n(Source: FAST Graphs, FactSet Research Terminal)\nThose are mind-blowing growth rates for any company, much less the 2nd largest by revenue in the world.\nAnd those hyper-growth rates are coming off one of Amazon's best years ever.\nAmazon Was A Big Pandemic Winner\n\n\n\nMetric\n2020 Growth Results\n\n\nSales\n38%\n\n\nEarnings\n82%\n\n\nOwner Earnings (Buffett smoothed out FCF)\n145%\n\n\nOperating Cash Flow\n70%\n\n\nFree Cash Flow\n18%\n\n\nEBITDA\n28%\n\n\nEBIT (Operating Income)\n53%\n\n\n\n(Source: FAST Graphs, FactSet Research Terminal)\nBut what about beyond 2026?\n(Source: FactSet Research Terminal)\nGrowth consensus range: 26.7% to 38.1% CAGR\n\nThe historical margin of error, smoothing for outliers is 20% to the downside, 30% to the upside.\nThe historical margin-of-error adjusted growth consensus range is 21% to 50% CAGR.\n(Source: FAST Graphs, FactSet Research)\nAmazon's growth consensus means analysts expect the growth rate of the last two decades to continue, courtesy of margin expansion.\nWhy Amazon Is Likely To Eventually Become The Biggest Dividend Payer In World History\nToday Amazon doesn't pay a dividend. Morningstar and analysts don't expect it to through at least 2026.\n(Source: FactSet Research Terminal)\nBut guess what? Simple math tells us that one day if Amazon grows as analysts expect, it will almost have no alternative than massive buybacks and dividends that put Apple's (AAPL) to shame.\n(Source: FactSet Research Terminal)\n\n2026 consensus cash pile of $628 billion\n$501 billion net cash\nApple began its capital returns at $250 billion\n\n(Source: Apple)\nApple has so far returned $551 billion in cash to investors. By 2026 Amazon's cash pile is expected to be $77 billion larger than that mind-blowing sum.\nAMZN Potential Dividend Consensus Forecast\n\n\n\nYear\nFCF/Share Consensus\nDividend Per Share (50% Payout Ratio)\nYield On Today's Cost\nConsensus Yield Potential\nAnalyst Consensus Fair Value Price\n\n\n2020\n$60.82\n$30.41\n0.87%\nNA\nNA\n\n\n2021\n$71.13\n$35.57\n1.02%\n0.84%\n$4,243.20\n\n\n2022\n$99.74\n$49.87\n1.42%\n0.88%\n$5,643.44\n\n\n2023\n$133.27\n$66.64\n1.90%\n0.98%\n$6,770.26\n\n\n2024\n$205.74\n$102.87\n2.94%\n1.08%\n$9,516.45\n\n\n2025\n$259.57\n$129.79\n3.70%\n1.12%\n$11,567.10\n\n\n2026\n$313.89\n$156.95\n4.48%\n1.15%\n$13,655.48\n\n\nAnnualized Growth\n31.46%\n31.46%\n31.46%\n6.52%\n26.33%\n\n\n\n(Source: FactSet Research Terminal)\nAmazon yielding 1% would be similar to Apple, Microsoft, Visa (V), and Mastercard (MA) today.\nAnd guess what? If Amazon paid a 50% FCF dividend, then it would still see its cash position grow by almost $200 billion in the next five years.\nAMZN Potential Dividend/Retained Cash Flow Consensus\n\n\n\nYear\nDividend Consensus\nFCF/Share Consensus\nPayout Ratio\nRetained FCF\nBuyback Potential\nDebt Repayment Potential\n\n\n2021\n$35.57\n$71.13\n50.0%\n$17,925\n1.01%\n56.1%\n\n\n2022\n$49.87\n$99.74\n50.0%\n$25,134\n1.42%\n79.8%\n\n\n2023\n$66.64\n$133.27\n50.0%\n$33,584\n1.90%\n107.3%\n\n\n2024\n$102.87\n$205.74\n50.0%\n$51,846\n2.93%\n167.8%\n\n\n2025\n$129.79\n$259.57\n50.0%\n$65,412\n3.70%\n214.6%\n\n\n2026\n$156.95\n$313.89\n50.0%\n$79,100\n4.48%\n259.5%\n\n\nTotal 2021 Through 2026\n$541.67\n$1,083.34\n50.0%\n$193,901.40\n10.97%\n606.42%\n\n\n\n(Source: FactSet Research Terminal)\nIf Amazon began paying out 100% of FCF as buybacks and dividends starting in 2022, then by 2026 its cash pile would be \"just\" $85.5 billion.\nHow does a 32% growing dividend with a 1% starting yield, and 2% annual buybacks sound?\nLike $79 billion in annual dividends to all investors, and $8.0 billion to Jeff Bezos personally, by 2026.\nBezos spends billions each year on Blue Origin (his rocket company) and philanthropy.\nIn fact, if Amazon were to pay a 1% dividend this year, that's $1.8 billion to Bezos (and $17.9 billion to the rest of us), pretty much ensuring he never has to sell a single share ever again.\nWould paying those dividends harm Amazon's growth efforts? Not at all. Free cash flow is what's left over after running the business and investing in future growth.\n$171 billion in FCF that analysts expect in 2026 is AFTER $138 billion in growth spending.\nWithin a few years, big institutions will likely insist that Amazon do something with its historic mountain of cash.\n(Source: GuruFocus Premium)\n63% of Amazon is owned by institutional investors, including 12% Vanguard and BlackRock alone. For context, Jeff Bezos owns 10.1% of the company.\nCollecting cash for its own sake is not prudent capital allocation, which is why these big institutions forced Apple to start buying back stock and paying dividends in 2012.\nAnd that's likely to happen eventually with Amazon.\nIf Amazon Keeps Growing FCF At 33% CAGR Through 2030\n\n\n\nYear\nFCF\nCash On The Balance Sheet ($ Millions)\n\n\n2026\n$171,309\n$627,910\n\n\n2027\n$227,755\n$855,665\n\n\n2028\n$302,801\n$1,158,466\n\n\n2029\n$402,574\n$1,561,040\n\n\n2030\n$535,221\n$2,096,261\n\n\n\nEven if Amazon's FCF growth rate slows significantly in 2027, by 2030 it will likely have $1+ trillion in cash, barring massive buybacks and dividends.\nWhat kind of income could Amazon eventually generate? Sufficient for a single share to potentially fund a rich retirement if your time horizon is long enough.\nAmazon Potential Inflation-Adjusted Future Dividends Per Share\n\n\n\nYear\nAMZN Dividend Per Share (10% CAGR Growth)\nAMZN Dividend Per Share (12.5% CAGR Growth)\nAMZN Dividend Per Share (15% CAGR Growth)\nAMZN Dividend Per Share (17.5% CAGR Growth)\nAMZN Dividend Per Share (20% CAGR Growth)\n\n\n2021\n$35.57\n$35.57\n$35.57\n$35.57\n$35.57\n\n\n2026\n$52.26\n$58.59\n$65.53\n$73.10\n$81.36\n\n\n2031\n$76.78\n$96.53\n$120.73\n$150.26\n$186.14\n\n\n2036\n$112.82\n$159.02\n$222.43\n$308.85\n$425.85\n\n\n2041\n$165.77\n$261.98\n$409.82\n$634.84\n$974.23\n\n\n2046\n$243.57\n$431.60\n$755.06\n$1,304.89\n$2,228.81\n\n\n2051\n$357.88\n$711.04\n$1,391.16\n$2,682.15\n$5,098.98\n\n\n2056\n$525.84\n$1,171.39\n$2,563.12\n$5,513.05\n$11,665.22\n\n\n2061\n$772.63\n$1,929.81\n$4,722.38\n$11,331.89\n$26,687.21\n\n\n2066\n$1,135.25\n$3,179.25\n$8,700.67\n$23,292.29\n$61,053.86\n\n\n2071\n$1,668.06\n$5,237.65\n$16,030.42\n$47,876.46\n$139,676.45\n\n\n\nA single share of Amazon could, with a long enough time frame, fund a comfortable retirement, with dividends alone.\nFor context, the average social security benefit in 2021 is $1,543 per month = $18,516.\nA modest position in Amazon of 14 shares today, under my base case (15% future dividend growth) scenario will equal social security payments within 30 years, adjusted for inflation.\nI own over 73 shares of Amazon and counting which means $1.2 million in potential inflation-adjusted annual dividends in 50 years. This is my Jeff Bezos retirement plan.\nReason 3: A Wonderful Company At A Wonderful Price And The Potential For 290% Returns In The Next 5 Years\nWith Amazon near its all-time highs, many investors think it must be overvalued. However, its actually 17% undervalued.\n(Source: FAST Graphs, FactSet Research)\n\nbillions of investors over 20 years have concluded 24 to 26x cash flow is fair value for Amazon\n91% statistical probability this is a reasonable estimate of intrinsic value\n\n(Source: FactSet Research Terminal)\n\n23.9x forward cash flow = 0.64 PEG = hyper-growth at a very attractive price\n24.2 EV/EBITDA vs 34.8 13-year median = AMZN potentially 30% undervalued\n\n\n\n\nMetric\nHistorical Fair Value Multiple (13-years)\n2021\n2022\n2023\n2024\n2025\n2026\n\n\nOwner Earnings (Buffett Smoothed Out FCF)\n26.10\n$4,210.22\nNA\nNA\nNA\nNA\nNA\n\n\nOperating Cash Flow\n25.10\n$3,714.47\n$4,456.98\n$5,210.94\n$7,885.17\n$9,359.29\n$10,889.13\n\n\nFree Cash Flow\n58.32\n$3,748.49\n$5,880.49\n$7,213.57\n$11,998.76\n$15,138.12\n$18,306.06\n\n\nEBITDA\n39.96\n$5,911.02\n$7,290.23\n$8,882.35\nNA\nNA\nNA\n\n\nAverage\n$4,243.20\n$5,643.44\n$6,770.26\n$9,516.45\n$11,567.10\n$13,655.48\n\n\nCurrent Price\n$3,503.82\n\n\nDiscount To Fair Value\n17.43%\n37.91%\n48.25%\n63.18%\n69.71%\n74.34%\n\n\nUpside To Fair Value\n21.10%\n61.07%\n93.23%\n171.60%\n230.13%\n289.73%\n\n\n\n\n290% consensus return potential over the next five years\n$13,655 consensus price in 2026\n$6.6 trillion market cap (assuming no buybacks)\n6.6x sales\n26% CAGR consensus return potential\n\n\n\n\nMorningstar Fair Value\n\n\n$4,200.00\n\n\nDiscount To MS FV Estimate\n\n\n16.58%\n\n\nUpside To MS FV\n\n\n19.87%\n\n\n\n\n\n\nAnalyst Median 12-Month Price Target\n\n\n$4,249.17\n\n\nDiscount To Price Target\n\n\n17.54%\n\n\nUpside To Price Target\n\n\n21.27%\n\n\n\nBasically, all the experts agree, AMZN is modestly undervalued, with significantly short-term upside potential, 100% justified by some of the best fundamentals on Wall Street.\n\n\n\nRating\nMargin Of Safety For 12/12 Ultra SWAN Quality Companies\n2020 Price\n2021 Price\n2022 Price\n\n\nPotentially Reasonable Buy\n0%\n$3,409.22\n$4,243.20\n$5,643.44\n\n\nPotentially Good Buy\n5%\n$3,238.76\n$4,031.04\n$5,361.27\n\n\nPotentially Strong Buy\n15%\n$2,897.84\n$3,606.72\n$4,796.92\n\n\nPotentially Very Strong Buy\n25%\n$2,429.07\n$3,182.40\n$4,232.58\n\n\nPotentially Ultra-Value Buy\n35%\n$2,216.00\n$2,758.08\n$3,668.23\n\n\nCurrently\n$3,503.82\n-2.77%\n17.43%\n37.91%\n\n\nUpside To Fair Value (Not Including Dividends)\n-2.70%\n21.10%\n61.07%\n\n\n\nAMZN is a potentially strong buy for anyone comfortable with its risk profile.\nAnd here's what investors buying AMZN today can reasonably expect as far as total returns are concerned.\n\n5-year consensus return potential range: 18% to 35% CAGR\n\nAMZN 2023 Consensus Total Return Potential (Using The Most Conservative Metric)\n(Source: FAST Graphs, FactSet Research)\nAMZN 2026 Consensus Total Return Potential (Using The Most Conservative Metric)\n(Source: FAST Graphs, FactSet Research)\nFor context, Cathie Wood at ARKK and private equity strive for 15% CAGR total returns over time.\n\ndouble your money every 5 years\n\nARK Innovation ETF Valuation: 106x Earnings And Rising By The Day\n(Source: Morningstar)\n106x forward earnings for companies growing at 17.7% CAGR = 6.0 PEG.\nOCF PEG of 2.4 at ARKK.\nAMZN OCF PEG of 0.64.\nARKK is paying 4x as much for growth as Amazon investors buying today.\nThere is a 91% statistical probability that ARKK investors see terrible returns in the coming 10 to 20 years.\nOver the long-term analysts expect:\n\n0% yield + 37.2% growth = 37.2% CAGR total return potential\n21% to 50% CAGR range\nvs 7.9% S&P 500 and 11.0% aristocrats and 16.5% Nasdaq\n\nAMZN has consistently delivered 26% to 27 CAGR long-term returns.\nThe low end of the 26.7% to 38.1% CAGR growth consensus range.\nAMZN Vs S&P 500 Vs Aristocrats Inflation-Adjusted Long-Term Return Forecast: $1,000 Initial Investment\n\n\n\nTime Frame (Years)\n5.9% LT Inflation-Adjusted Returns (S&P Consensus)\n9.0% Inflation-Adjusted Returns (Aristocrat consensus)\n24% Inflation-Adjusted Returns (AMZN historical return)\n35.2% Inflation-Adjusted Returns (AMZN Consensus)\n\n\n5\n$1,331.93\n$1,538.62\n$2,931.63\n$4,517.35\n\n\n10\n$1,774.02\n$2,367.36\n$8,594.43\n$20,406.42\n\n\n15\n$2,362.87\n$3,642.48\n$25,195.63\n$92,182.90\n\n\n20\n$3,147.16\n$5,604.41\n$73,864.15\n$416,422.16\n\n\n25\n$4,191.79\n$8,623.08\n$216,541.99\n$1,881,123.42\n\n\n30\n$5,583.14\n$13,267.68\n$634,819.93\n$8,497,687.35\n\n\n35\n$7,436.33\n$20,413.97\n$1,861,054.03\n$38,387,002.96\n\n\n40\n$9,904.63\n$31,409.42\n$5,455,912.62\n$173,407,415.00\n\n\n45\n$13,192.23\n$48,327.29\n$15,994,690.19\n$783,341,476.50\n\n\n50\n$17,571.06\n$74,357.52\n$46,890,434.61\n$3,538,625,316.57\n\n\n\n\n\n\nTime Frame (Years)\nRatio S&P vs Aristocrat Consensus\nRatio S&P vs AMZN Historical Return\nRatio S&P vs AMZN Consensus\n\n\n5\n1.16\n2.20\n3.39\n\n\n10\n1.33\n4.84\n11.50\n\n\n15\n1.54\n10.66\n39.01\n\n\n20\n1.78\n23.47\n132.32\n\n\n25\n2.06\n51.66\n448.76\n\n\n30\n2.38\n113.70\n1522.03\n\n\n35\n2.75\n250.27\n5162.09\n\n\n40\n3.17\n550.84\n17507.71\n\n\n45\n3.66\n1212.43\n59379.01\n\n\n50\n4.23\n2668.62\n201389.38\n\n\n\nOver the next 10 to 15 years, Amazon, if it grows as expected, it could deliver 10 to 12x the returns of the S&P 500 and turn $1 into about $20 to $25, in inflation-adjusted terms.\nRisk Profile: Why Amazon Isn't Right For Everyone\nNo company is right for everyone, and all have complex risk profiles that investors must understand and be comfortable with.\nFundamental Risk Profile\nWe believe that the uncertainty for Amazon is high and that despite being an e-commerce leader, the company faces a variety of risks.\nAmazon must protect its leading online retailing position, which can be challenging as consumer preferences change, especially post-COVID-19 (as consumers may revert back to prior behaviors), and traditional retailers bolster their online presence.\nMaintaining an e-commerce edge has pushed the company to make investments in non-traditional areas, such as producing content for its Prime Video subscriptions and building out its own transportation network.\nSimilarly, the company must also maintain an attractive value proposition for its third-party sellers. Some of these investment areas have raised investor questions in the past, and we expect management to continue to invest according to its strategy, despite periodic margin pressure from increased spending.\nThe company must also continue to invest in new offerings. AWS, transportation, and physical stores (both Amazon branded and Whole Foods) are three notable areas of investment. These decisions require capital allocation and management focus and may play out over a period of years rather than quarters.\nContinued international expansion will likely require similar investment and management attention but will also increase exposure to different regulatory environments.\nSome countries have instituted or may institute protectionist policies. Even domestically over the last several years, lawmakers from both parties have increasingly focused on the amount of market power large technology companies have accrued.\nAntitrust, data privacy, and section 230 have been repeatedly invoked.\nFrom an ESG perspective, data breaches and service outages are a concern for any type of cloud service provider. As a retailer, Amazon has personal information for hundreds of millions of consumers around the world, while AWS hosts proprietary mission critical data for enterprises.\" - Morningstar (emphasis added)\n\nregulatory/political risk (domestic and international)\ndisruption risk from major tech competitors (like GOOG, FB, and MSFT)\ncomplex ESG risk (such as 150% annual turnover at fulfillment centers)\n\nMaterial Financial ESG Risk Analysis: How Large Institutions Measure Total Risk\n\n5 High-Yield ESG Blue-Chips For A Safe And Prosperous Retirement\n\nHere is a special report that outlines the most important aspects of understanding long-term ESG financial risks for your investments.\nThe bottom line is that ESG is NOT about politics or personal ethical opinions.\nAmong institutions that factor ESG into their safety models and ratings are:\n\nBlackRock\nMSCI\nMorningstar\nReuters\nS&P\nFitch\nMoody's\nDBRS\nAM Best\nBank of America\nBloomberg\nFactSet Research\nWells Fargo\nNAREIT\nState Street\nand many, many more\n\nQuality companies have always practiced ESG risk management long before it was popular among investors.\n\n If you use\n ESG scores that inherently tilts a portfolio to quality.\" - NYU study\n The overlap between ESG, especially measures related to the ‘G’ [or governance], and quality is pretty large.” - Research AffiliatesCompanies with strong ESG profiles may be better positioned for future challenges and experience\n fewer instances of bribery, corruption, and fraud.\" - MSCI (Emphasis added)\n\nBank of America's research finds that ESG metrics also help improve the long-term profitability and outcomes at companies.\n\n We find that companies with greater gender diversity at the board/management level typically see\n higher ROE and lower earnings risk than peers.Moreover, based on disclosure data from ICE, we find gender diversity in management is associated with a ~20% premium on P/E on an overall and sector-neutral basis.Ethnic and racial workforce diversity shows similarly strong results:\n higher ROE, lower risk, and significant premia on P/Eand P/BV.\" - Bank of America (emphasis original)\n\nDividend Aristocrats Are Strong ESG Companies\n(Source: Morningstar)\n\nAnalyst firm McKinsey has done several studies on this topic and concluded that between 25% and 60% of cash flows are affected by ESG risk.\nIt also did a meta-analysis of over 2,000 studies and found the ESG risk mitigation was 8X as likely to boost a company’s bottom line as hurt it.\nAMZN's ESG Risk Management Consensus\n\n\n\nRating Agency\nIndustry Percentile\nRating Agency Classification\n\n\nMSCI\n62.0%\nBBB Average\n\n\nMorningstar/Sustainalytics\n0.2%\n30.9/100 High Risk\n\n\nReuters'/Refinitiv\n98.9%\nExcellent\n\n\nS&P\n21.0%\nVery Poor\n\n\nConsensus\n45.5%\nAverage\n\n\n\n(Sources: Morningstar, Reuters'/Refinitiv)\n(Source: FactSet Research Terminal)\n\n(Source: Morningstar)\n\n0.2th percentile for its industry (472nd best out of 473 retailers)\n39th percentile among all rated companies (14,143)\n\n(Source: Reuters'/Refinitiv)\n\nan industry leader in all long-term risk management metrics\n\nHow We Monitor AMZN's Risk Profile\n\n51 analysts\n3 credit rating agencies\n7 total risk rating agencies\n58 total experts who collectively know this business better than anyone other than management\n\nRest assured that if Amazon's thesis weakens, strengthens, or shatters, we'll know about it and so DK members and my SA readers.\nBottom Line: Amazon Is The Ultimate Rich Retirement Dream Stock\nMy Real Money Phoenix Retirement Portfolio (Tracked Daily In Our Real Money Phoenix Portfolio Tool)\n\n(Source: Morningstar)\nDo you know what ETF or mutual fund offers a 3.5% very safe yield, with 15.5% growth and that's also 13% undervalued? All from a collection of blue-chips that matches the dividend aristocrats for quality and safety?\nNone, because only through prudent stock picking and active management can you achieve fundamentals like this.\n\n\n\n\nDS Phoenix Portfolio Fundamentals\n\n\nYield\n3.53%\n\n\nLT Growth Forecast\n15.51%\n\n\nDiscount To Fair Value\n13%\n\n\n5-Year Annual Valuation Boost\n2.82%\n\n\n5-Year Consensus Total Return Potential\n21.86%\n\n\n5-Year Risk-Adjusted Expected Total Return\n15.98%\n\n\nLT Consensus Total Return Potential\n19.04%\n\n\nS&P 500 5-Year Risk-Adjusted Expected Return\n3.60%\n\n\nDK Video Phoenix Risk-Adjusted Return/S&P 500 Risk-Adjusted Expected Return\n4.44\n\n\nS&P 500 Consensus LT Total Return Potential\n7.9%\n\n\nDividend Aristocrats Consensus LT Total Return Potential\n11.0%\n\n\nDS Phoenix LT Consensus Total Return Potential/S&P 500 Consensus LT Total Return Potential\n2.41\n\n\nDS Phoenix LT Consensus Total Return Potential/Dividend Aristocrats Consensus LT Total Return Potential\n1.73\n\n\n\nAmazon is the heart of my 28% growth allocation, and by combining it with high-yield blue-chips, you can have your cake and eat it too.\n\n8 Safe Dividend Stocks Yielding Over 6%\n\nIf you buy Amazon in equal amounts with something likeBritish American Tobacco(BTI), here is the synthetic company you create.\n\n4% safe yield growing about 4.3% over time\ngrowth consensus of 21% CAGR\n33% discount to fair value\n\nDoes that sound like a good way to combine growth, value, and yield? I think so, and that's why I've invested nearly $350,000 into that specific combination so far.\nAmazon is very likely to eventually have to pay a dividend. That's not speculation, its simple math. Big institutional investors simply won't stand for a company amassing a $1+ trillion cash pile.\nThat day may be far into the future, possibly 2030 or so.\nBut whenever Amazon finally starts paying dividends and buying back stock by the boatload, doesn't matter.\nLong-term investors buying Amazon today for pure growth, quality, and attractive valuation, are likely to be rolling in safe, and exponentially growing income in the years and decades to come.\nWhile there are many great hyper-growth stocks to choose from, none offer Amazon's incredible combination of quality, safety, growth, valuation, and future dividend potential that can allow a single share to possibly fund a rich retirement.\nThat's why I keep buying Amazon steadily, as long as its undervalued and its thesis remains intact.\nIf a small position in Amazon today can lead to a rich retirement in a few decades, then imagine how golden our golden years will be, if we own a large position, constructed over many years, and through several market downturns.\nBecause to quote Frasier Crane\n\n If less is more, then imagine how much more, more is.","news_type":1},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151959724,"gmtCreate":1625062241068,"gmtModify":1703735190224,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Hi&nbsp;","listText":"Hi&nbsp;","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151959724","repostId":"1179476522","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150481071,"gmtCreate":1624924608793,"gmtModify":1703847913351,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150481071","repostId":"1163614299","repostType":4,"repost":{"id":"1163614299","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":1624887262,"share":"https://ttm.financial/m/news/1163614299?lang=&edition=fundamental","pubTime":"2021-06-28 21:34","market":"us","language":"en","title":"Stocks rise slightly to start the week, S&P 500 and Nasdaq hit new records","url":"https://stock-news.laohu8.com/highlight/detail?id=1163614299","media":"Tiger Newspress","summary":"The U.S. stock market was muddled in early trading on Monday, but a strong start for tech stocks pus","content":"<p>The U.S. stock market was muddled in early trading on Monday, but a strong start for tech stocks pushed the Nasdaq Composite to another record high.</p>\n<p>The&nbsp;S&amp;P 500&nbsp;and&nbsp;The&nbsp;Dow Jones Industrial Average&nbsp;was little changed, while the&nbsp;Nasdaq&nbsp;rose 0.4%. </p>\n<p><img src=\"https://static.tigerbbs.com/61b8a64385f7358f0794a3aace8bce76\" tg-width=\"1080\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p>\n<p>Tech stocks led in early trading, with shares of Apple and Amazon rising about 1% and Salesforce adding 2%. Aerospace giant Boeing weighed on the Dow, with shares falling 2% after&nbsp;regulators told the company it is not likely to receive certification&nbsp;for its long-range aircraft until at least 2023.</p>\n<p>Monday's moves came as Treasury yields retreated across most maturities, with the benchmark 10-year Treasury yield sliding to about 1.49%. Yields move inverse of prices.</p>\n<p>Stocks finished their best week in months on Friday as investors are growing more confident the current inflation in the U.S. is not a sustained economic threat, but a temporary uptick.</p>\n<p>The S&amp;P 500 ended Friday at a closing record high of 4,280.70, while the Dow rose 237 points. While the Nasdaq Composite closed just lower on Friday, it added 2.35% for the week, its best since April 9 and is up 4.45% for the month of June.</p>\n<p>\"This is one of the more buoyant markets I've ever seen, and as far as I'm concerned taking money off the table is not advised right now,\" CNBC's Jim Cramer said on \"Squawk on the Street.\"</p>\n<p>The weekly gains came even after the Commerce Department reported that its inflation indicator rose 3.4% in May, the fastest increase since the early 1990s.</p>\n<p>Spikes in the core personal consumption expenditures price index can cause heartburn for investors since the Federal Reserve likes to watch it for signs of inflation. Still, the rise actually undershot what economists polled by Dow Jones had forecast and reinforced for investors that the economy-wide price increases are likely to be transient and manageable.</p>\n<p>A massive, bipartisan infrastructure deal appeared revitalized as of Sunday evening after President Joe Biden&nbsp;clarified on Saturday thathe doesn’t plan to veto the legislationif it comes without a separate reconciliation bill favored by Democrats. Republican senators then said on Sunday that thedeal can move forward.</p>\n<p>The president, flanked by a bipartisan group of senators, declared on Thursday thatthe group had reached a multibillion-dollar dealto improve the nation’s roads, bridges, waterways and broadband after weeks of negotiation. Democrats have been pushing for a second bill that would include funding for issues like climate change, child care, health care and education.</p>\n<p>“The bipartisan infrastructure agreement hammered out in Washington DC last week appears to stand some chance of becoming a reality,” wrote John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, in a note. “This program could serve the country near and longer term in generating job creation, boost economic growth, underpin corporate revenue and earnings growth and increase the ability of the US to compete with other nations in the still relatively new but hypercompetitive 21st Century.”</p>\n<p>The next major piece of economic datais the June jobs report, which the Labor Department is scheduled to publish on Friday.</p>\n<p>Economists are expecting that nonfarm payrolls increased by 683,000 in June. While such a robust reading would top&nbsp;the 559,000 in May, it would still be below the 1 million some had hoped a recovering U.S. economy could post as it emerged from the Covid-19 crisis.</p>\n<p>Investors will also pore over the June report for any signs of wage inflation as employers struggle to find workers to fill job openings and pandemic-era jobless benefits taper off in some states.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks rise slightly to start the week, S&P 500 and Nasdaq hit new records</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\">\nStocks rise slightly to start the week, S&P 500 and Nasdaq hit new records\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-28 21:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The U.S. stock market was muddled in early trading on Monday, but a strong start for tech stocks pushed the Nasdaq Composite to another record high.</p>\n<p>The&nbsp;S&amp;P 500&nbsp;and&nbsp;The&nbsp;Dow Jones Industrial Average&nbsp;was little changed, while the&nbsp;Nasdaq&nbsp;rose 0.4%. </p>\n<p><img src=\"https://static.tigerbbs.com/61b8a64385f7358f0794a3aace8bce76\" tg-width=\"1080\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p>\n<p>Tech stocks led in early trading, with shares of Apple and Amazon rising about 1% and Salesforce adding 2%. Aerospace giant Boeing weighed on the Dow, with shares falling 2% after&nbsp;regulators told the company it is not likely to receive certification&nbsp;for its long-range aircraft until at least 2023.</p>\n<p>Monday's moves came as Treasury yields retreated across most maturities, with the benchmark 10-year Treasury yield sliding to about 1.49%. Yields move inverse of prices.</p>\n<p>Stocks finished their best week in months on Friday as investors are growing more confident the current inflation in the U.S. is not a sustained economic threat, but a temporary uptick.</p>\n<p>The S&amp;P 500 ended Friday at a closing record high of 4,280.70, while the Dow rose 237 points. While the Nasdaq Composite closed just lower on Friday, it added 2.35% for the week, its best since April 9 and is up 4.45% for the month of June.</p>\n<p>\"This is one of the more buoyant markets I've ever seen, and as far as I'm concerned taking money off the table is not advised right now,\" CNBC's Jim Cramer said on \"Squawk on the Street.\"</p>\n<p>The weekly gains came even after the Commerce Department reported that its inflation indicator rose 3.4% in May, the fastest increase since the early 1990s.</p>\n<p>Spikes in the core personal consumption expenditures price index can cause heartburn for investors since the Federal Reserve likes to watch it for signs of inflation. Still, the rise actually undershot what economists polled by Dow Jones had forecast and reinforced for investors that the economy-wide price increases are likely to be transient and manageable.</p>\n<p>A massive, bipartisan infrastructure deal appeared revitalized as of Sunday evening after President Joe Biden&nbsp;clarified on Saturday thathe doesn’t plan to veto the legislationif it comes without a separate reconciliation bill favored by Democrats. Republican senators then said on Sunday that thedeal can move forward.</p>\n<p>The president, flanked by a bipartisan group of senators, declared on Thursday thatthe group had reached a multibillion-dollar dealto improve the nation’s roads, bridges, waterways and broadband after weeks of negotiation. Democrats have been pushing for a second bill that would include funding for issues like climate change, child care, health care and education.</p>\n<p>“The bipartisan infrastructure agreement hammered out in Washington DC last week appears to stand some chance of becoming a reality,” wrote John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, in a note. “This program could serve the country near and longer term in generating job creation, boost economic growth, underpin corporate revenue and earnings growth and increase the ability of the US to compete with other nations in the still relatively new but hypercompetitive 21st Century.”</p>\n<p>The next major piece of economic datais the June jobs report, which the Labor Department is scheduled to publish on Friday.</p>\n<p>Economists are expecting that nonfarm payrolls increased by 683,000 in June. While such a robust reading would top&nbsp;the 559,000 in May, it would still be below the 1 million some had hoped a recovering U.S. economy could post as it emerged from the Covid-19 crisis.</p>\n<p>Investors will also pore over the June report for any signs of wage inflation as employers struggle to find workers to fill job openings and pandemic-era jobless benefits taper off in some states.</p>\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163614299","content_text":"The U.S. stock market was muddled in early trading on Monday, but a strong start for tech stocks pushed the Nasdaq Composite to another record high.\nThe S&P 500 and The Dow Jones Industrial Average was little changed, while the Nasdaq rose 0.4%. \n\nTech stocks led in early trading, with shares of Apple and Amazon rising about 1% and Salesforce adding 2%. Aerospace giant Boeing weighed on the Dow, with shares falling 2% after regulators told the company it is not likely to receive certification for its long-range aircraft until at least 2023.\nMonday's moves came as Treasury yields retreated across most maturities, with the benchmark 10-year Treasury yield sliding to about 1.49%. Yields move inverse of prices.\nStocks finished their best week in months on Friday as investors are growing more confident the current inflation in the U.S. is not a sustained economic threat, but a temporary uptick.\nThe S&P 500 ended Friday at a closing record high of 4,280.70, while the Dow rose 237 points. While the Nasdaq Composite closed just lower on Friday, it added 2.35% for the week, its best since April 9 and is up 4.45% for the month of June.\n\"This is one of the more buoyant markets I've ever seen, and as far as I'm concerned taking money off the table is not advised right now,\" CNBC's Jim Cramer said on \"Squawk on the Street.\"\nThe weekly gains came even after the Commerce Department reported that its inflation indicator rose 3.4% in May, the fastest increase since the early 1990s.\nSpikes in the core personal consumption expenditures price index can cause heartburn for investors since the Federal Reserve likes to watch it for signs of inflation. Still, the rise actually undershot what economists polled by Dow Jones had forecast and reinforced for investors that the economy-wide price increases are likely to be transient and manageable.\nA massive, bipartisan infrastructure deal appeared revitalized as of Sunday evening after President Joe Biden clarified on Saturday thathe doesn’t plan to veto the legislationif it comes without a separate reconciliation bill favored by Democrats. Republican senators then said on Sunday that thedeal can move forward.\nThe president, flanked by a bipartisan group of senators, declared on Thursday thatthe group had reached a multibillion-dollar dealto improve the nation’s roads, bridges, waterways and broadband after weeks of negotiation. Democrats have been pushing for a second bill that would include funding for issues like climate change, child care, health care and education.\n“The bipartisan infrastructure agreement hammered out in Washington DC last week appears to stand some chance of becoming a reality,” wrote John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, in a note. “This program could serve the country near and longer term in generating job creation, boost economic growth, underpin corporate revenue and earnings growth and increase the ability of the US to compete with other nations in the still relatively new but hypercompetitive 21st Century.”\nThe next major piece of economic datais the June jobs report, which the Labor Department is scheduled to publish on Friday.\nEconomists are expecting that nonfarm payrolls increased by 683,000 in June. While such a robust reading would top the 559,000 in May, it would still be below the 1 million some had hoped a recovering U.S. economy could post as it emerged from the Covid-19 crisis.\nInvestors will also pore over the June report for any signs of wage inflation as employers struggle to find workers to fill job openings and pandemic-era jobless benefits taper off in some states.","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150480422,"gmtCreate":1624924557866,"gmtModify":1703847910122,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150480422","repostId":"1105982179","repostType":4,"repost":{"id":"1105982179","kind":"news","pubTimestamp":1624889210,"share":"https://ttm.financial/m/news/1105982179?lang=&edition=fundamental","pubTime":"2021-06-28 22:06","market":"us","language":"en","title":"Palantir: The Mass Exodus","url":"https://stock-news.laohu8.com/highlight/detail?id=1105982179","media":"seekingalpha","summary":"Summary\n\nShort interest in Palantir dropped by 23.8% in the latest cycle.\nEven though Palantir conti","content":"<p><b>Summary</b></p>\n<ul>\n <li>Short interest in Palantir dropped by 23.8% in the latest cycle.</li>\n <li>Even though Palantir continues to be surrounded by bearish narratives, market participants don't seem to be comfortable with shorting the stock.</li>\n <li>The stock could rally further.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16279727ada0c46eb4d43744da02d1cc\" tg-width=\"768\" tg-height=\"512\"><span>Michael Vi/iStock Editorial via Getty Images</span></p>\n<p>Palantir's (PLTR) shares are up 20% in the last month alone but the rally could still continue. Latest data reveals that short interest in Palantir declined by 23.8% in the latest cycle alone. This suggests that a broad swath of market participants isn't buying into the bearish narratives surrounding the company, perceive its stock to be fairly valued and perhaps even anticipate it to rally going forward. This development should come across as an encouraging sign for the company's long-side investors. Let's take a closer look at it all.</p>\n<p><b>The Data</b></p>\n<p>I'd like to start by explaining the term \"short interest\" for the uninitiated. It's essentially the total number of short positions that are open against any given stock. A sharp rise in the metric indicates that traders grew bearish on the concerned company, and actively initiated short positions against it. Conversely, a sharp decline in the metric indicates that traders actively wound up their short positions either perhaps because they anticipate the stock to bottom out and/or rally going forward. So, the short interest is a useful tool to gauge the Street's ever-evolving market sentiment.</p>\n<p>In Palantir's case, its short interest at the end of the latest data cycle stood at 52.3 million, sharply down by 23.8% on a sequential basis. Although Palantir's short interest figure isn't at its all-time low yet, the pace of its recent decline, however, is certainly one of the fastest in the company's brief history since its direct listing last year. For the record, Palantir has over 1.8 billion shares outstanding which means that about 2.8% of its entire share total had been shorted. Also, the short interest data is for the cycle spanning from early June to mid-June, and the data wasreleasedon Thursday.</p>\n<p><img src=\"https://static.tigerbbs.com/95e4623fda1d9079a2699b57d4ee0f42\" tg-width=\"637\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p>\n<p>Next, I wanted to confirm if other software application companies also registered a sharp reduction in their short interest figures, or was Palantir an anomaly in its peer group. So, to get a broader perspective on its industry, I pulled the short interest figures for about 100 software application stocks listed in the US. Interestingly, 55% of these stocks registered a net reduction in their short interest figures, of varying magnitudes of course, which points to an industry-wide short unwinding.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/091feec9aa17f821d01f34a7b46bb2bb\" tg-width=\"610\" tg-height=\"506\"><span>(Source: BusinessQuant.com, Wsj.com)</span></p>\n<p>Moreover, the median short interest decline was 1.9%, whereas Palantir's short interest declined by a far more significant 23.8% during the same data cycle. In fact, there were just 6 other stocks in our study group, which saw their short interest decline in excess of 23.8%. This conclusively shows that market participants were far too active with unwinding their short positions in Palantir.</p>\n<p>But this leads us to an important question - why are market participants so cautious with shorting Palantir in the first place?</p>\n<p><b>Cautious for Good Reason</b></p>\n<p>As I've explained in my prior articles, Palantir has several initiatives at play which could collectively catapult its growth in 2021-22. These initiatives include itstransitionto a customer-friendly payment model to boost commercial sales, offeringfree trialsto major companies to expand its sales funnel and expanding itssales teamto revamp its outbound marketing function. We won't be discussing the same points again to avoid being repetitive, but the takeaway here is that since Palantir is undertaking several growth initiatives, it makes for a risky short bet for the time being at least.</p>\n<p>But don't take my word for it.</p>\n<p>The community of professional analysts is realizing Palantir's growth potential and raising their revenue estimates for its current fiscal year. They've raised their FY21 revenue estimates by about 5% so far since mid-January and there's no telling how many of such upward revenue revisions are still in store for the remainder of Palantir's FY21. This bullish uncertainty presents an unfavorable risk-reward ratio for short-side market participants and explains why short interest in Palantir continues to decline.</p>\n<p><img src=\"https://static.tigerbbs.com/74bccdf90ceb880c1a3edddad8743a1e\" tg-width=\"636\" tg-height=\"419\" referrerpolicy=\"no-referrer\"></p>\n<p>There's another point to consider here, that nobody seems to be talking about. Palantir has won several COVID-19 tracking-related contracts (such ashere,here,here,hereandhere) over the last 12 - 15 months as government agencies across the globe grappled to control the spread and tried to better manage their resources. With COVID-19 said to be making a fierce comeback with thedelta variant, I contend that Palantir could experience a similar order windfall this year, from proactive government agencies, which could boost the company's government sales along the way.</p>\n<p>Lastly, several commenters argue that Palantir's shares are trading at a premium and are due for a sharp correction. Its shares are trading at about 34-times trailing twelve-month sales so it's understandable why many might think that the stock is overvalued. But I believe the problem with this approach is that we're not factoring in industry-wide trading multiples or Palantir's revenue growth rate, compared to its peers.</p>\n<p>So, to put things in perspective, I compiled the revenue growth rates and price-to-sales (or P/S) multiples for over 320 software infrastructure and software application stocks that are currently listed on US exchanges. Next, I benchmarked these industry groups based on Palantir's revenue growth rate and its P/S multiple. As it turns out, over 90% of Palantir's peers have a slower revenue growth and/or are trading at higher trading multiples. This suggests that Palantir's higher pace of growth justifies its price premium and that the bearish concerns regarding its valuations, are exaggerated.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fefb171f61438817b747d6a50fff8133\" tg-width=\"640\" tg-height=\"414\"><span>(Source: Business Quant.com)</span></p>\n<p><b>Final Thoughts</b></p>\n<p>I'd like to point to readers that fluctuations in short interest figures don't always impact the underlying stock prices. This data is based on short positions that were open at a prior cut-off date and investors with a long-term time horizon should, at best, use it to corroborate their bull or bear thesis.</p>\n<p>Having said that, if the bearish narratives surrounding Palantir held any merit, or posed a legitimate risk to its share price, a broad swath of market participants would've actively shorted the stock to profit off of this near-certain eventuality. But that didn't happen and its short interest declined instead, that too by a significant amount.</p>\n<p>This active short unwinding indicates that market participants are uncomfortable in shorting the stock at current levels. This should come across as a reassuring sign for the company's long-side shareholders. The stock seems to be fairly valued and has the potential to rally further. Good Luck!</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: The Mass Exodus</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\">\nPalantir: The Mass Exodus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 22:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436907-palantir-the-mass-exodus><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nShort interest in Palantir dropped by 23.8% in the latest cycle.\nEven though Palantir continues to be surrounded by bearish narratives, market participants don't seem to be comfortable with ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436907-palantir-the-mass-exodus\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4436907-palantir-the-mass-exodus","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105982179","content_text":"Summary\n\nShort interest in Palantir dropped by 23.8% in the latest cycle.\nEven though Palantir continues to be surrounded by bearish narratives, market participants don't seem to be comfortable with shorting the stock.\nThe stock could rally further.\n\nMichael Vi/iStock Editorial via Getty Images\nPalantir's (PLTR) shares are up 20% in the last month alone but the rally could still continue. Latest data reveals that short interest in Palantir declined by 23.8% in the latest cycle alone. This suggests that a broad swath of market participants isn't buying into the bearish narratives surrounding the company, perceive its stock to be fairly valued and perhaps even anticipate it to rally going forward. This development should come across as an encouraging sign for the company's long-side investors. Let's take a closer look at it all.\nThe Data\nI'd like to start by explaining the term \"short interest\" for the uninitiated. It's essentially the total number of short positions that are open against any given stock. A sharp rise in the metric indicates that traders grew bearish on the concerned company, and actively initiated short positions against it. Conversely, a sharp decline in the metric indicates that traders actively wound up their short positions either perhaps because they anticipate the stock to bottom out and/or rally going forward. So, the short interest is a useful tool to gauge the Street's ever-evolving market sentiment.\nIn Palantir's case, its short interest at the end of the latest data cycle stood at 52.3 million, sharply down by 23.8% on a sequential basis. Although Palantir's short interest figure isn't at its all-time low yet, the pace of its recent decline, however, is certainly one of the fastest in the company's brief history since its direct listing last year. For the record, Palantir has over 1.8 billion shares outstanding which means that about 2.8% of its entire share total had been shorted. Also, the short interest data is for the cycle spanning from early June to mid-June, and the data wasreleasedon Thursday.\n\nNext, I wanted to confirm if other software application companies also registered a sharp reduction in their short interest figures, or was Palantir an anomaly in its peer group. So, to get a broader perspective on its industry, I pulled the short interest figures for about 100 software application stocks listed in the US. Interestingly, 55% of these stocks registered a net reduction in their short interest figures, of varying magnitudes of course, which points to an industry-wide short unwinding.\n(Source: BusinessQuant.com, Wsj.com)\nMoreover, the median short interest decline was 1.9%, whereas Palantir's short interest declined by a far more significant 23.8% during the same data cycle. In fact, there were just 6 other stocks in our study group, which saw their short interest decline in excess of 23.8%. This conclusively shows that market participants were far too active with unwinding their short positions in Palantir.\nBut this leads us to an important question - why are market participants so cautious with shorting Palantir in the first place?\nCautious for Good Reason\nAs I've explained in my prior articles, Palantir has several initiatives at play which could collectively catapult its growth in 2021-22. These initiatives include itstransitionto a customer-friendly payment model to boost commercial sales, offeringfree trialsto major companies to expand its sales funnel and expanding itssales teamto revamp its outbound marketing function. We won't be discussing the same points again to avoid being repetitive, but the takeaway here is that since Palantir is undertaking several growth initiatives, it makes for a risky short bet for the time being at least.\nBut don't take my word for it.\nThe community of professional analysts is realizing Palantir's growth potential and raising their revenue estimates for its current fiscal year. They've raised their FY21 revenue estimates by about 5% so far since mid-January and there's no telling how many of such upward revenue revisions are still in store for the remainder of Palantir's FY21. This bullish uncertainty presents an unfavorable risk-reward ratio for short-side market participants and explains why short interest in Palantir continues to decline.\n\nThere's another point to consider here, that nobody seems to be talking about. Palantir has won several COVID-19 tracking-related contracts (such ashere,here,here,hereandhere) over the last 12 - 15 months as government agencies across the globe grappled to control the spread and tried to better manage their resources. With COVID-19 said to be making a fierce comeback with thedelta variant, I contend that Palantir could experience a similar order windfall this year, from proactive government agencies, which could boost the company's government sales along the way.\nLastly, several commenters argue that Palantir's shares are trading at a premium and are due for a sharp correction. Its shares are trading at about 34-times trailing twelve-month sales so it's understandable why many might think that the stock is overvalued. But I believe the problem with this approach is that we're not factoring in industry-wide trading multiples or Palantir's revenue growth rate, compared to its peers.\nSo, to put things in perspective, I compiled the revenue growth rates and price-to-sales (or P/S) multiples for over 320 software infrastructure and software application stocks that are currently listed on US exchanges. Next, I benchmarked these industry groups based on Palantir's revenue growth rate and its P/S multiple. As it turns out, over 90% of Palantir's peers have a slower revenue growth and/or are trading at higher trading multiples. This suggests that Palantir's higher pace of growth justifies its price premium and that the bearish concerns regarding its valuations, are exaggerated.\n(Source: Business Quant.com)\nFinal Thoughts\nI'd like to point to readers that fluctuations in short interest figures don't always impact the underlying stock prices. This data is based on short positions that were open at a prior cut-off date and investors with a long-term time horizon should, at best, use it to corroborate their bull or bear thesis.\nHaving said that, if the bearish narratives surrounding Palantir held any merit, or posed a legitimate risk to its share price, a broad swath of market participants would've actively shorted the stock to profit off of this near-certain eventuality. But that didn't happen and its short interest declined instead, that too by a significant amount.\nThis active short unwinding indicates that market participants are uncomfortable in shorting the stock at current levels. This should come across as a reassuring sign for the company's long-side shareholders. The stock seems to be fairly valued and has the potential to rally further. Good Luck!","news_type":1},"isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150417401,"gmtCreate":1624924535103,"gmtModify":1703847908985,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150417401","repostId":"1171400086","repostType":4,"repost":{"id":"1171400086","kind":"news","pubTimestamp":1624892835,"share":"https://ttm.financial/m/news/1171400086?lang=&edition=fundamental","pubTime":"2021-06-28 23:07","market":"us","language":"en","title":"Booking Holdings Poised To Emerge Strongly From Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=1171400086","media":"seekingalpha","summary":"Summary\n\nBooking Holdings has massive growth potential as vaccine rollouts continue and travel restr","content":"<p><b>Summary</b></p>\n<ul>\n <li>Booking Holdings has massive growth potential as vaccine rollouts continue and travel restrictions are lowered.</li>\n <li>Their profitability will improve in the coming years as they shift more focus toward Merchant Revenues.</li>\n <li>They are the dominant leader in the travel industry in terms of market capitalization. They will lead the resurgence in travel.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b353272bc77a8652f501a49ab3d082d\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>tupungato/iStock Editorial via Getty Images</span></p>\n<p><b>Poised for a comeback</b></p>\n<p>Booking Holdings(NASDAQ:BKNG), the world leader in online travel services, is in prime position to emerge from the pandemic in spectacular fashion and spearhead the worldwide resurgence in travel. They will do this by growing their core business, especially within the U.S. where they currently trail in market share, and by shifting their business model to focus more heavily on collecting merchant revenues, which are far more profitable than the agency revenues that make up most of their current sales figure.</p>\n<p><b>Growth Strategies emerging from pandemic</b></p>\n<p>Booking Holdings is aiming at growth strategies through two main avenues; expanding and solidifying a uniform payment platform, and capturing more U.S. market share. Both of their growth strategies are centered around their move towards an increasingly merchant focused business model.</p>\n<p>Integrating a uniform payment platform can help Booking power the frictionless global marketplace that they seek to create. Booking is trying to alleviate the problem of foreign exchange complications and users not being able to pay how they want for travel. The current payment platform is catching on, but slowly. Only 22% of gross bookings in 2020 were processed on Booking's integrated platform. However, this is up from 15% in 2019, and the figure is expected to grow in the coming years. Implementing this platform will enable merchandising capabilities that Booking hasn't had access to historically. Most importantly, it is foundational for the \"connected trip\" strategy; a seamless offering of multiple elements of travel, and Booking's long-term strategic goal.</p>\n<p>Capturing a greater share of the U.S. market is an imperative growth strategy for Booking for numerous reasons. Firstly, Booking trails competitors Expedia and Airbnb in terms of U.S. market share. While the U.S. hotel market is not quite as profitable for travel fare aggregators like Booking and Expedia when compared to the European market, mainly due to the dominance of hotel chains in the U.S., the potential for Booking to tap into the U.S. alternative accommodation market is promising. And this is what leadership is trying to do. In order to penetrate the market Booking will focus on product improvements, raising consumer awareness of this type of inventory, and supply acquisition. They are planning to work with professional property management partners to grow and acquire a supply of single-home properties. Additionally, as a result of the covid-19 pandemic and associated regulations there has been a shift in favor of domestic travel and alternative accommodations, a signal for Booking to enter into the U.S. space where they currently lack market share. To paint a picture of the growth potential; 41% of Airbnb's revenue comes from its U.S. segment. That 41% is larger than the entire European market where Booking currently has a strong foothold. This implies thatBooking has an opportunity to double their alternative accommodation businessby penetrating into the U.S.</p>\n<p>The growing trend of homeowners leasing out their unused living spaces is staggering, and it is what pumps Airbnb's valuation up so high to its current Enterprise Value of $114B. Even though Booking records 3x Airbnb's pre-pandemic revenues, their Enterprise Value is 15% less. Many indicators point to Airbnb being overvalued, but one thing is clear; the market for alternative accommodations is growing at immense rates worldwide, and Booking is well poised to dig their teeth into a large chunk of that market share.</p>\n<p><b>Shift from Agency to Merchant Revenues</b></p>\n<p>The most exciting thing on Booking's horizon, however, is their focus on becoming more profitable by shifting revenues to weigh more heavily on the merchant segment. Booking has scaled up to be the world leader in market share, and now they are prepared to capitalize on their huge size and reach. Below, I will break down the differences between the two significant revenue items that Booking recognizes, Agency Revenues and Merchant Revenues. Figure 3 shows 2019 revenue breakdown.</p>\n<ul>\n <li><p>Agency Revenues make up the bulk of Booking's total revenue figure. These revenues are derived from transactions in which Booking does not facilitate payments for services, and consist almost entirely of travel reservation commissions invoiced to service providers after travel is completed. This type of revenue model is what helped Booking scale up to attain the market share they have today. However, since they don't facilitate the payments, they are limited on fees and other benefits like increased float.</p></li>\n <li><p>Merchant Revenues make up the second largest chunk of Booking's total revenue figure, but are growing at a faster rate. These revenues are derived from transactions in which Booking facilitates the payment of services, generally at the time of booking. From a cash flow perspective, since Booking gets money upfront and doesn't relinquish it to the service provider until the time of stay, they are able to hold onto this cash for months, mostly for free, and can use it to invest and grow the business. These revenues are also more lucrative because Booking charges fees on top of already higher commissions.</p></li>\n <li><p>Advertising &amp; Other Revenues make up the smallest portion of Booking's total revenue figure. These revenues are largely derived from referrals, subscription fees, and advertising placements.</p></li>\n</ul>\n<p>Under CEO Glenn Fogel's leadership, Booking Holdings istaking strides to grow their merchant revenues at rapid rates. The merchant business model is far more lucrative for Booking on a commission basis, and it also improves their cash flows, allowing them to invest more heavily into future projects. The agency model is great for cheap growth; it is what helped Booking reach the dominant market position that it has today. But the time to capitalize on their massive scale has come, as leadership takes them in a more value-productive direction. Increasing merchant revenues will make them more profitable, improving their already above-average EBITDA margin. Figure 4 shows Booking's growing focus on merchant revenues since Glenn Fogel became CEO in 2017.</p>\n<p>Keep in mind, Booking's largest competitor, Expedia, has a closer split between Agency and Merchant revenues than they do. Despite this, Expedia only has an average 15% EBITDA margin across the last twelve years, compared to Booking's 37%, which will only go up as Booking narrows the field between Agency and Merchant revenues (industry benchmark is 30%). This demonstrates how much more efficient Booking is at turning sales into profits, and highlights the fact that they consistently outperform their competitors in doing so. Moving forward, they will only widen this gap.</p>\n<p><b>There</b>&nbsp;<b><i>are</i></b>&nbsp;<b>Risks</b></p>\n<p>Reliance on an industry bounce back is one. Booking has a heavy reliance on the overall travel industry getting back on its feet as soon as possible. If government regulations and social distancing sentiments continue to stifle the travel industry at large, it will take Booking longer to return to their pre-pandemic scale.</p>\n<p>Competitors are another. Booking faces competition from all angles. Expedia is their main direct competitor, and currently holds a majority U.S. market share. If Booking fails to expand more prominently into the U.S. and stagnates growth in other global markets, their overall industry market share dominance could be threatened. Airbnb is spearheading the rise of alternative accommodations, a market that Booking is also competing in. Google could continue its dive into successful reservation meta-search applications such as Google Flights. Their continued expansion into the space could take significant market share away from Booking. Lastly, many hotel chains, especially in the U.S., are developing and facilitating their own direct channels for travelers. If they can create enough consumer awareness and drive enough traffic to their own flagship sites, there would be no need for a majority of Bookings services.</p>\n<p>COVID-19 Effects on Finances cannot be omitted. The adverse impacts of the covid-19 pandemic could distress liquidity, credit rating, and foreign exchange rates. The ensuing volatility in global markets has made access to capital less certain and more costly. Booking currently has $2B available under its revolving credit facility, representing around 15% of their total liquidity, with a $4.5B minimum liquidity covenant. A downgrade in credit rating from their current A- status could likewise harm access to capital. Lastly, because a large majority of Bookings business comes from outside the U.S. they are exposed to swings in currency rates, which are amplified by pandemic-driven market uncertainty.</p>\n<p><b>But an industry bounce-back is inevitable</b></p>\n<p>It is no secret that Booking, along with the entire travel industry, took heavy hits as a result of the covid-19 pandemic. 2020 brought the biggest disruption to modern global travel the world has ever seen. But there is light at the end of the tunnel. Travel restrictions within the domestic U.S. are already largely lifted, but many international limits are still in place. Keep in mind that Booking gets most of their business from outside the U.S. Once international limits are relaxed, Booking is sure to reap the benefits. Meanwhile, experts are aiming at areturn to somewhat normalcyby the end of 2021 and into 2022, as vaccine rollouts rapidly become more widespread and pent up demand for travel is unleashed. To paint a picture, in March 2021 U.S. travel spending tallied $69.5B, significantly higher than the previous four months, but still 31% below March 2019 levels.</p>\n<p><b>A quick look at key Financials</b></p>\n<p>The pandemic drained Bookings revenues by a staggering 55% from their 2019 highs. However, despite months of the worst travel stagnation in history, Booking still collected industry leading revenues, a testament to management's relentless efforts to keep the ship afloat. Also, revenue is expected to rebound nearly 40% in 2021 as vaccine rollouts and regulation leniency spur a resurgence in travel demand (per Factset.com). I don't think I'm alone in believing that covid fears are dissipating and the world will get back on its feet sooner rather than later. Figure 7 shows revenue growth and segment breakdown since 2016.</p>\n<p><img src=\"https://static.tigerbbs.com/cd73c67b97083d7b253d5013d7cfe91a\" tg-width=\"640\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p>\n<p><b>A quick DCF valuation</b></p>\n<p>I believe Booking Holdings is undervalued at their current share price. My valuation is based on a discounted free cash flow model that projects ten years into the future and arrives at a terminal value into perpetuity. Other metrics used in the model are the company's WAAC of 6.5% (as of June 19, 2021), total debt of $12.54B, and total cash of $11.08B. These numbers are courtesy of FactSet.com The speed at which Booking can return to pre-pandemic levels of revenue is the main driver of each case.</p>\n<p><b>Base Case</b></p>\n<p>Is meant to reflect the current market share price of around $2,242.61. This case sees modest 2021 revenue growth as travel begins to make a comeback. FCF's will settle slightly under historical averages. Revenue will reach pre-covid levels by around 2026. Booking will then grow revenues at 2% and collect FCF's at 30% into perpetuity.</p>\n<p><img src=\"https://static.tigerbbs.com/38880160c2b34ac87bdbf49c369f58dc\" tg-width=\"640\" tg-height=\"58\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Bear Case</b></p>\n<p>Is meant to reflect an environment heavily effected by covid for years to come. This case sees tiny revenue growth in 2021, and taking until 2028 to reach pre-pandemic levels. FCF's will remain constant. This case results in a share price of $2,002.53, representing a potential loss of 10.7%.</p>\n<p><b>Bull Case</b></p>\n<p>Is meant to reflect an environment quickly emerging from the pandemic. This case sees a significant bounce back in 2021 revenues, per FactSet analyst consensus, as travel restrictions and sentiments continue to dissipate. Pre-pandemic revenues will be exceeded by 2024. FCF's will remain constant. This case results in a share price of $3,514.63, representing a potential gain of 56.7%.</p>\n<p><b>Most importantly,</b></p>\n<p>When considering how soon the world will return to \"normal\", the disparity between expert forecasts and current public sentiment is brutally wide. The current market valuation suggests a return to pre-covid revenues by around 2025-2026. Keep in mind, the CDC expects a return to normalcy by the end of this year and potentially into 2022. Even adding on a year or two and chalking it up as a forecasting error doesn't yield the same fear-driven timeline predictions that the market currently holds.</p>\n<p><b>Overall,</b></p>\n<p>As vaccine rollouts continue worldwide and travel restrictions are lowered, the travel industry is gearing up for a major rebound. Booking is in a perfect position to capitalize. They are the worldwide market leader. They are expanding into new markets effectively. They have demonstrated solid financial success through the pandemic. And they are becoming vastly more profitable. To me, this is a no-brainer. Booking.com,<i>Booking yeah!</i></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Booking Holdings Poised To Emerge Strongly From Pandemic</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\">\nBooking Holdings Poised To Emerge Strongly From Pandemic\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436923-booking-poised-to-emerge-strongly-from-pandemic><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nBooking Holdings has massive growth potential as vaccine rollouts continue and travel restrictions are lowered.\nTheir profitability will improve in the coming years as they shift more focus ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436923-booking-poised-to-emerge-strongly-from-pandemic\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BKNG":"Booking Holdings"},"source_url":"https://seekingalpha.com/article/4436923-booking-poised-to-emerge-strongly-from-pandemic","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171400086","content_text":"Summary\n\nBooking Holdings has massive growth potential as vaccine rollouts continue and travel restrictions are lowered.\nTheir profitability will improve in the coming years as they shift more focus toward Merchant Revenues.\nThey are the dominant leader in the travel industry in terms of market capitalization. They will lead the resurgence in travel.\n\ntupungato/iStock Editorial via Getty Images\nPoised for a comeback\nBooking Holdings(NASDAQ:BKNG), the world leader in online travel services, is in prime position to emerge from the pandemic in spectacular fashion and spearhead the worldwide resurgence in travel. They will do this by growing their core business, especially within the U.S. where they currently trail in market share, and by shifting their business model to focus more heavily on collecting merchant revenues, which are far more profitable than the agency revenues that make up most of their current sales figure.\nGrowth Strategies emerging from pandemic\nBooking Holdings is aiming at growth strategies through two main avenues; expanding and solidifying a uniform payment platform, and capturing more U.S. market share. Both of their growth strategies are centered around their move towards an increasingly merchant focused business model.\nIntegrating a uniform payment platform can help Booking power the frictionless global marketplace that they seek to create. Booking is trying to alleviate the problem of foreign exchange complications and users not being able to pay how they want for travel. The current payment platform is catching on, but slowly. Only 22% of gross bookings in 2020 were processed on Booking's integrated platform. However, this is up from 15% in 2019, and the figure is expected to grow in the coming years. Implementing this platform will enable merchandising capabilities that Booking hasn't had access to historically. Most importantly, it is foundational for the \"connected trip\" strategy; a seamless offering of multiple elements of travel, and Booking's long-term strategic goal.\nCapturing a greater share of the U.S. market is an imperative growth strategy for Booking for numerous reasons. Firstly, Booking trails competitors Expedia and Airbnb in terms of U.S. market share. While the U.S. hotel market is not quite as profitable for travel fare aggregators like Booking and Expedia when compared to the European market, mainly due to the dominance of hotel chains in the U.S., the potential for Booking to tap into the U.S. alternative accommodation market is promising. And this is what leadership is trying to do. In order to penetrate the market Booking will focus on product improvements, raising consumer awareness of this type of inventory, and supply acquisition. They are planning to work with professional property management partners to grow and acquire a supply of single-home properties. Additionally, as a result of the covid-19 pandemic and associated regulations there has been a shift in favor of domestic travel and alternative accommodations, a signal for Booking to enter into the U.S. space where they currently lack market share. To paint a picture of the growth potential; 41% of Airbnb's revenue comes from its U.S. segment. That 41% is larger than the entire European market where Booking currently has a strong foothold. This implies thatBooking has an opportunity to double their alternative accommodation businessby penetrating into the U.S.\nThe growing trend of homeowners leasing out their unused living spaces is staggering, and it is what pumps Airbnb's valuation up so high to its current Enterprise Value of $114B. Even though Booking records 3x Airbnb's pre-pandemic revenues, their Enterprise Value is 15% less. Many indicators point to Airbnb being overvalued, but one thing is clear; the market for alternative accommodations is growing at immense rates worldwide, and Booking is well poised to dig their teeth into a large chunk of that market share.\nShift from Agency to Merchant Revenues\nThe most exciting thing on Booking's horizon, however, is their focus on becoming more profitable by shifting revenues to weigh more heavily on the merchant segment. Booking has scaled up to be the world leader in market share, and now they are prepared to capitalize on their huge size and reach. Below, I will break down the differences between the two significant revenue items that Booking recognizes, Agency Revenues and Merchant Revenues. Figure 3 shows 2019 revenue breakdown.\n\nAgency Revenues make up the bulk of Booking's total revenue figure. These revenues are derived from transactions in which Booking does not facilitate payments for services, and consist almost entirely of travel reservation commissions invoiced to service providers after travel is completed. This type of revenue model is what helped Booking scale up to attain the market share they have today. However, since they don't facilitate the payments, they are limited on fees and other benefits like increased float.\nMerchant Revenues make up the second largest chunk of Booking's total revenue figure, but are growing at a faster rate. These revenues are derived from transactions in which Booking facilitates the payment of services, generally at the time of booking. From a cash flow perspective, since Booking gets money upfront and doesn't relinquish it to the service provider until the time of stay, they are able to hold onto this cash for months, mostly for free, and can use it to invest and grow the business. These revenues are also more lucrative because Booking charges fees on top of already higher commissions.\nAdvertising & Other Revenues make up the smallest portion of Booking's total revenue figure. These revenues are largely derived from referrals, subscription fees, and advertising placements.\n\nUnder CEO Glenn Fogel's leadership, Booking Holdings istaking strides to grow their merchant revenues at rapid rates. The merchant business model is far more lucrative for Booking on a commission basis, and it also improves their cash flows, allowing them to invest more heavily into future projects. The agency model is great for cheap growth; it is what helped Booking reach the dominant market position that it has today. But the time to capitalize on their massive scale has come, as leadership takes them in a more value-productive direction. Increasing merchant revenues will make them more profitable, improving their already above-average EBITDA margin. Figure 4 shows Booking's growing focus on merchant revenues since Glenn Fogel became CEO in 2017.\nKeep in mind, Booking's largest competitor, Expedia, has a closer split between Agency and Merchant revenues than they do. Despite this, Expedia only has an average 15% EBITDA margin across the last twelve years, compared to Booking's 37%, which will only go up as Booking narrows the field between Agency and Merchant revenues (industry benchmark is 30%). This demonstrates how much more efficient Booking is at turning sales into profits, and highlights the fact that they consistently outperform their competitors in doing so. Moving forward, they will only widen this gap.\nThere are Risks\nReliance on an industry bounce back is one. Booking has a heavy reliance on the overall travel industry getting back on its feet as soon as possible. If government regulations and social distancing sentiments continue to stifle the travel industry at large, it will take Booking longer to return to their pre-pandemic scale.\nCompetitors are another. Booking faces competition from all angles. Expedia is their main direct competitor, and currently holds a majority U.S. market share. If Booking fails to expand more prominently into the U.S. and stagnates growth in other global markets, their overall industry market share dominance could be threatened. Airbnb is spearheading the rise of alternative accommodations, a market that Booking is also competing in. Google could continue its dive into successful reservation meta-search applications such as Google Flights. Their continued expansion into the space could take significant market share away from Booking. Lastly, many hotel chains, especially in the U.S., are developing and facilitating their own direct channels for travelers. If they can create enough consumer awareness and drive enough traffic to their own flagship sites, there would be no need for a majority of Bookings services.\nCOVID-19 Effects on Finances cannot be omitted. The adverse impacts of the covid-19 pandemic could distress liquidity, credit rating, and foreign exchange rates. The ensuing volatility in global markets has made access to capital less certain and more costly. Booking currently has $2B available under its revolving credit facility, representing around 15% of their total liquidity, with a $4.5B minimum liquidity covenant. A downgrade in credit rating from their current A- status could likewise harm access to capital. Lastly, because a large majority of Bookings business comes from outside the U.S. they are exposed to swings in currency rates, which are amplified by pandemic-driven market uncertainty.\nBut an industry bounce-back is inevitable\nIt is no secret that Booking, along with the entire travel industry, took heavy hits as a result of the covid-19 pandemic. 2020 brought the biggest disruption to modern global travel the world has ever seen. But there is light at the end of the tunnel. Travel restrictions within the domestic U.S. are already largely lifted, but many international limits are still in place. Keep in mind that Booking gets most of their business from outside the U.S. Once international limits are relaxed, Booking is sure to reap the benefits. Meanwhile, experts are aiming at areturn to somewhat normalcyby the end of 2021 and into 2022, as vaccine rollouts rapidly become more widespread and pent up demand for travel is unleashed. To paint a picture, in March 2021 U.S. travel spending tallied $69.5B, significantly higher than the previous four months, but still 31% below March 2019 levels.\nA quick look at key Financials\nThe pandemic drained Bookings revenues by a staggering 55% from their 2019 highs. However, despite months of the worst travel stagnation in history, Booking still collected industry leading revenues, a testament to management's relentless efforts to keep the ship afloat. Also, revenue is expected to rebound nearly 40% in 2021 as vaccine rollouts and regulation leniency spur a resurgence in travel demand (per Factset.com). I don't think I'm alone in believing that covid fears are dissipating and the world will get back on its feet sooner rather than later. Figure 7 shows revenue growth and segment breakdown since 2016.\n\nA quick DCF valuation\nI believe Booking Holdings is undervalued at their current share price. My valuation is based on a discounted free cash flow model that projects ten years into the future and arrives at a terminal value into perpetuity. Other metrics used in the model are the company's WAAC of 6.5% (as of June 19, 2021), total debt of $12.54B, and total cash of $11.08B. These numbers are courtesy of FactSet.com The speed at which Booking can return to pre-pandemic levels of revenue is the main driver of each case.\nBase Case\nIs meant to reflect the current market share price of around $2,242.61. This case sees modest 2021 revenue growth as travel begins to make a comeback. FCF's will settle slightly under historical averages. Revenue will reach pre-covid levels by around 2026. Booking will then grow revenues at 2% and collect FCF's at 30% into perpetuity.\n\nBear Case\nIs meant to reflect an environment heavily effected by covid for years to come. This case sees tiny revenue growth in 2021, and taking until 2028 to reach pre-pandemic levels. FCF's will remain constant. This case results in a share price of $2,002.53, representing a potential loss of 10.7%.\nBull Case\nIs meant to reflect an environment quickly emerging from the pandemic. This case sees a significant bounce back in 2021 revenues, per FactSet analyst consensus, as travel restrictions and sentiments continue to dissipate. Pre-pandemic revenues will be exceeded by 2024. FCF's will remain constant. This case results in a share price of $3,514.63, representing a potential gain of 56.7%.\nMost importantly,\nWhen considering how soon the world will return to \"normal\", the disparity between expert forecasts and current public sentiment is brutally wide. The current market valuation suggests a return to pre-covid revenues by around 2025-2026. Keep in mind, the CDC expects a return to normalcy by the end of this year and potentially into 2022. Even adding on a year or two and chalking it up as a forecasting error doesn't yield the same fear-driven timeline predictions that the market currently holds.\nOverall,\nAs vaccine rollouts continue worldwide and travel restrictions are lowered, the travel industry is gearing up for a major rebound. Booking is in a perfect position to capitalize. They are the worldwide market leader. They are expanding into new markets effectively. They have demonstrated solid financial success through the pandemic. And they are becoming vastly more profitable. To me, this is a no-brainer. Booking.com,Booking yeah!","news_type":1},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150415861,"gmtCreate":1624924486753,"gmtModify":1703847905565,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150415861","repostId":"2147837154","repostType":4,"isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":144639023,"gmtCreate":1626278264262,"gmtModify":1703757085286,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/144639023","repostId":"1188432047","repostType":4,"repost":{"id":"1188432047","kind":"news","pubTimestamp":1626271717,"share":"https://ttm.financial/m/news/1188432047?lang=&edition=fundamental","pubTime":"2021-07-14 22:08","market":"us","language":"en","title":"American Airlines Surges as Travel Rebound Brightens Outlook","url":"https://stock-news.laohu8.com/highlight/detail?id=1188432047","media":"Bloomberg","summary":"(Bloomberg) -- American Airlines Group Inc. surged after the carrier projected it would post a “slig","content":"<p>(Bloomberg) -- American Airlines Group Inc. surged after the carrier projected it would post a “slight” pretax profit when it reports earnings next week, the latest sign of a rebound in U.S. travel.</p>\n<p>Pretax profit margins excluding special items will be better than expected thanks to cost controls and rising demand for flights, American said in a regulatory filing Tuesday. Sales will be down only 37.5% compared with their level two years ago. American had previously predicted a 40% drop from pre-pandemic levels.</p>\n<p>“We are clearly moving in the right direction,” Chief Executive Officer Doug Parker and President Robert Isom said in a message to employees. “Our revenue and expense performance in the quarter came in better than expectations, and this was achieved while bringing the operation back up to full capacity and safely transporting a record number of travelers.”</p>\n<p>Spurred by vaccination campaigns, lighter government restrictions and pent-up demand from consumers after more than a year of mostly staying close to home, air travel is recovering faster than expected. U.S. airlines are poised to provide more insight into the state of that comeback as most carriers report second-quarter results over the next 10 days, starting Wednesday with Delta Air Lines Inc.</p>\n<p>American jumped 5.5% to $21.12 at 9:49 a.m. in New York, easily topping the S&amp;P 500. The shares had gained 72% in the 12 months through Tuesday, the most on a Standard &amp; Poor’s index of major U.S. airlines.</p>\n<p>The Fort Worth, Texas-based carrier expects to report a “slight net profit” in the second quarter, including special items, Parker and Isom told employees. In the regulatory filing, American forecast that its net result would range between a $35 million loss and a $25 million profit.</p>","source":"lsy1612507957220","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>American Airlines Surges as Travel Rebound Brightens Outlook</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\">\nAmerican Airlines Surges as Travel Rebound Brightens Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 22:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/american-airlines-surges-travel-rebound-135308361.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- American Airlines Group Inc. surged after the carrier projected it would post a “slight” pretax profit when it reports earnings next week, the latest sign of a rebound in U.S. travel.\n...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-airlines-surges-travel-rebound-135308361.html\">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://finance.yahoo.com/news/american-airlines-surges-travel-rebound-135308361.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188432047","content_text":"(Bloomberg) -- American Airlines Group Inc. surged after the carrier projected it would post a “slight” pretax profit when it reports earnings next week, the latest sign of a rebound in U.S. travel.\nPretax profit margins excluding special items will be better than expected thanks to cost controls and rising demand for flights, American said in a regulatory filing Tuesday. Sales will be down only 37.5% compared with their level two years ago. American had previously predicted a 40% drop from pre-pandemic levels.\n“We are clearly moving in the right direction,” Chief Executive Officer Doug Parker and President Robert Isom said in a message to employees. “Our revenue and expense performance in the quarter came in better than expectations, and this was achieved while bringing the operation back up to full capacity and safely transporting a record number of travelers.”\nSpurred by vaccination campaigns, lighter government restrictions and pent-up demand from consumers after more than a year of mostly staying close to home, air travel is recovering faster than expected. U.S. airlines are poised to provide more insight into the state of that comeback as most carriers report second-quarter results over the next 10 days, starting Wednesday with Delta Air Lines Inc.\nAmerican jumped 5.5% to $21.12 at 9:49 a.m. in New York, easily topping the S&P 500. The shares had gained 72% in the 12 months through Tuesday, the most on a Standard & Poor’s index of major U.S. airlines.\nThe Fort Worth, Texas-based carrier expects to report a “slight net profit” in the second quarter, including special items, Parker and Isom told employees. In the regulatory filing, American forecast that its net result would range between a $35 million loss and a $25 million profit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807334550,"gmtCreate":1627999999770,"gmtModify":1703499425031,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Oh i see&nbsp;","listText":"Oh i see&nbsp;","text":"Oh i see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/807334550","repostId":"1188700614","repostType":4,"isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144630073,"gmtCreate":1626278242192,"gmtModify":1703757083580,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144630073","repostId":"1156677537","repostType":4,"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151943866,"gmtCreate":1625062436455,"gmtModify":1703735206099,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151943866","repostId":"1195903421","repostType":4,"repost":{"id":"1195903421","kind":"news","pubTimestamp":1625039934,"share":"https://ttm.financial/m/news/1195903421?lang=&edition=fundamental","pubTime":"2021-06-30 15:58","market":"hk","language":"en","title":"Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse","url":"https://stock-news.laohu8.com/highlight/detail?id=1195903421","media":"Bloomberg","summary":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities","content":"<ul>\n <li>German lender failed to keep principals in place to sponsor</li>\n <li>Deutsche Bank is rebuilding its equities desk after 2019 exit</li>\n</ul>\n<p>Deutsche Bank AG&nbsp;will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.</p>\n<p>The bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.</p>\n<p>The hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.</p>\n<p>The issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.</p>\n<p>A sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.</p>\n<p>A spokesman at the SFC declined to comment when reached by Bloomberg News.</p>\n<p>“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.</p>\n<p>Poon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.</p>","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>Deutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse</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\">\nDeutsche Bank Stops Sponsoring H.K. IPOs on Staffing Lapse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 15:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DB":"德意志银行"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-30/deutsche-bank-to-stop-sponsoring-h-k-ipos-after-staffing-lapse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195903421","content_text":"German lender failed to keep principals in place to sponsor\nDeutsche Bank is rebuilding its equities desk after 2019 exit\n\nDeutsche Bank AG will be unable to sponsor initial public offerings in Hong Kong as the German lender failed to replace the staff needed by regulators in one of the world’s biggest markets for share sales.\nThe bank has hired replacements who will start in a matter of weeks and will be able to resume its sponsor roles when the principals are on board, a Hong Kong-based spokeswoman said. The news was earlier reported by the Financial Times.\nThe hiccup comes as the bank attempts to rebuild its equity capital markets business in Asia after it shuttered most of that businesses and cut 18,000 jobs globally. While the bank has plans to hire a dozen bankers for the business, seeking to tap strong demand for share sales, it has only acted as a sponsor for a $170 million deal in Hong Kong since its equities exit in July 2019, according to data compiled by Bloomberg.\nThe issue suggests there were poor internal controls at Deutsche Bank, a person close to the Securities and Futures Commission, Hong Kong’s financial regulator, told the FT. The lender also needs approval from the SFC, which could be a slow process, the newspaper said. It will still be able to underwrite IPOs until its sponsor license is renewed.\nA sponsor, the most prominent role in an IPO, must have at least two principals in order to carry out the activity. One of them must have at least five years of corporate finance experience in Hong Kong and played a substantial role in previous sponsorship.\nA spokesman at the SFC declined to comment when reached by Bloomberg News.\n“It shouldn’t take too long for the SFC to approve a new IPO sponsor principal in general, given that the person’s credential fits and satisfies the regulator and there are no outstanding issues regarding the company or the person,” said Josephine Chung, a director at CompliancePlus Consulting, who advises on license applications.\nPoon Tsz Yuen, a responsible officer at Deutsche Bank, resigned recently, the spokeswoman said. Rowena Wang, a former responsible officer at the German bank, had her license terminated on June 16, according to the SFC website.","news_type":1},"isVote":1,"tweetType":1,"viewCount":247,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151959724,"gmtCreate":1625062241068,"gmtModify":1703735190224,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Hi&nbsp;","listText":"Hi&nbsp;","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151959724","repostId":"1179476522","repostType":4,"repost":{"id":"1179476522","kind":"news","pubTimestamp":1625062071,"share":"https://ttm.financial/m/news/1179476522?lang=&edition=fundamental","pubTime":"2021-06-30 22:07","market":"us","language":"en","title":"IBM Stock Is a Lot More Attractive as It Refocuses and Trims Down","url":"https://stock-news.laohu8.com/highlight/detail?id=1179476522","media":"InvestorPlace","summary":"IBM is still stuck with a dividend, but at least it now has a strategy that makes sense\nIn the nearl","content":"<p>IBM is still stuck with a dividend, but at least it now has a strategy that makes sense</p>\n<p>In the nearly two years since&nbsp;<b>International Business Machines</b>(NYSE:<b><u>IBM</u></b>) bought Red Hat, its stock price is up just 1.8%. IBM stock has delivered $27.60/share in dividends to its investors.</p>\n<p>This means IBM stock has delivered a total return of 20% to the “widows and orphans” who hold the stock.</p>\n<p>It also means roughly $24.5 billion in cash flow has flown out the door, uninvested.</p>\n<p>That’s the problem with dividends in our technology age. There’s an old tech saying that if you’re handing out dividends you don’t have anything better to do with the investors’ money.</p>\n<p>Cloud Czars like&nbsp;<b>Facebook</b>(NASDAQ:<b><u>FB</u></b>), founded in 2004 and now worth $1 trillion, use cash flow for capital spending instead. This benefits investors more.</p>\n<p>If you’re thinking of buying IBM, you’re hoping this error ends after its managed infrastructure business,Kyndryl, becomes independent late this year.</p>\n<p>You’re hoping the dividend ceases to be an issue.</p>\n<p><b>A Closer Look at IBM Stock</b></p>\n<p>Kyndryl is expected to generate roughly&nbsp;$19 billion&nbsp;in sales per year when it’s spun out, into offices atop a skyscraper&nbsp;next to Grand Central Station. What remains will have roughly $54 billion in revenue and claim leadership in “hybrid cloud.”</p>\n<p>This could be the right time for such a move, as many companies are coming down with cloud “sticker shock.”</p>\n<p>According to analysts at Andreesen Horowitz’s new online publication&nbsp;<i>Future</i>,cloud margins compress over time. Companies that adopt the hybrid cloud model could end up saving $500 billion/year.</p>\n<p>This would be the sweet spot for the new IBM, and the Achilles heel of companies like&nbsp;<b>Amazon.Com</b>(NASDAQ:<b><u>AMZN</u></b>). Questions of where data is located, called&nbsp;cloud sovereignty, can complicate matters, but IBM thrives on such complexity.</p>\n<p><b>Investors Walk Away</b></p>\n<p>Most investors don’t recognize the opportunities, at least regarding IBM.Hedge funds have been walking away&nbsp;from the stock. Tipranks lists just eight analysts following IBM,only half of whom want you to buy it.</p>\n<p>But there are signs of a turnaround. IBM next reports earnings on July 19. Analysts expect revenue of $18.29 billion and earnings of&nbsp;$2.25/share.</p>\n<p>The March quarter,which beat estimates, saw $1.06/share of net income on revenue of $17.7 billion.</p>\n<p>If IBM can hit its estimates investors could see&nbsp;an historic breakout, according to Alan Farley of&nbsp;<i>FX Empire</i>.</p>\n<p>IBM’s stock price has been falling for years, to as low as $91/share at the height of last year’s pandemic. Investors who bought then have seen a gain of around 52%, but the NASDAQ’s gain has been 108%.</p>\n<p><b>IBM Strategy</b></p>\n<p>IBM’s strategy heading into the spin-off will be based on “industry clouds,” &nbsp;something also being embraced by Cloud Czars&nbsp;<b>Microsoft</b>(NASDAQ:<b><u>MSFT</u></b>) and&nbsp;<b>Alphabet</b>(NASDAQ:<b><u>GOOGL</u></b>).</p>\n<p>IBM’s hope is that hybrid cloud will become&nbsp;a default corporate IT design, seeking to make internal systems as efficient as cloud.</p>\n<p>While IBM does have its own cloud, it’s miniscule compared with those of the giants. Synergy Research says IBM is now fifthin the global cloud rental market, having been passed by&nbsp;<b>Alibaba Group Holding</b>(NASDAQ:<b><u>BABA</u></b>).</p>\n<p>But its relatively small size may not be a hindrance if it’s also dedicated to building out clouds for clients and moving workloads for cost efficiency.</p>\n<p><b>The Bottom Line</b></p>\n<p>If you look up IBM in the news, you won’t see much focus on its hybrid cloud strategy. Instead you might read about&nbsp;storage systems, aboutquantum computers, about&nbsp;government contracts&nbsp;ordisputes with its old chip foundry.</p>\n<p>But don’t be fooled. IBM now has a strategy, to off-load the dividend, and focus on hybrid cloud. If it works, and it might, it could be “IBM to the Moon.”</p>","source":"lsy1606302653667","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>IBM Stock Is a Lot More Attractive as It Refocuses and Trims Down</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\">\nIBM Stock Is a Lot More Attractive as It Refocuses and Trims Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 22:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/ibm-stock-is-a-lot-more-attractive-as-it-refocuses-and-trims-down/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>IBM is still stuck with a dividend, but at least it now has a strategy that makes sense\nIn the nearly two years since International Business Machines(NYSE:IBM) bought Red Hat, its stock price is up ...</p>\n\n<a href=\"https://investorplace.com/2021/06/ibm-stock-is-a-lot-more-attractive-as-it-refocuses-and-trims-down/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM"},"source_url":"https://investorplace.com/2021/06/ibm-stock-is-a-lot-more-attractive-as-it-refocuses-and-trims-down/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179476522","content_text":"IBM is still stuck with a dividend, but at least it now has a strategy that makes sense\nIn the nearly two years since International Business Machines(NYSE:IBM) bought Red Hat, its stock price is up just 1.8%. IBM stock has delivered $27.60/share in dividends to its investors.\nThis means IBM stock has delivered a total return of 20% to the “widows and orphans” who hold the stock.\nIt also means roughly $24.5 billion in cash flow has flown out the door, uninvested.\nThat’s the problem with dividends in our technology age. There’s an old tech saying that if you’re handing out dividends you don’t have anything better to do with the investors’ money.\nCloud Czars like Facebook(NASDAQ:FB), founded in 2004 and now worth $1 trillion, use cash flow for capital spending instead. This benefits investors more.\nIf you’re thinking of buying IBM, you’re hoping this error ends after its managed infrastructure business,Kyndryl, becomes independent late this year.\nYou’re hoping the dividend ceases to be an issue.\nA Closer Look at IBM Stock\nKyndryl is expected to generate roughly $19 billion in sales per year when it’s spun out, into offices atop a skyscraper next to Grand Central Station. What remains will have roughly $54 billion in revenue and claim leadership in “hybrid cloud.”\nThis could be the right time for such a move, as many companies are coming down with cloud “sticker shock.”\nAccording to analysts at Andreesen Horowitz’s new online publication Future,cloud margins compress over time. Companies that adopt the hybrid cloud model could end up saving $500 billion/year.\nThis would be the sweet spot for the new IBM, and the Achilles heel of companies like Amazon.Com(NASDAQ:AMZN). Questions of where data is located, called cloud sovereignty, can complicate matters, but IBM thrives on such complexity.\nInvestors Walk Away\nMost investors don’t recognize the opportunities, at least regarding IBM.Hedge funds have been walking away from the stock. Tipranks lists just eight analysts following IBM,only half of whom want you to buy it.\nBut there are signs of a turnaround. IBM next reports earnings on July 19. Analysts expect revenue of $18.29 billion and earnings of $2.25/share.\nThe March quarter,which beat estimates, saw $1.06/share of net income on revenue of $17.7 billion.\nIf IBM can hit its estimates investors could see an historic breakout, according to Alan Farley of FX Empire.\nIBM’s stock price has been falling for years, to as low as $91/share at the height of last year’s pandemic. Investors who bought then have seen a gain of around 52%, but the NASDAQ’s gain has been 108%.\nIBM Strategy\nIBM’s strategy heading into the spin-off will be based on “industry clouds,”  something also being embraced by Cloud Czars Microsoft(NASDAQ:MSFT) and Alphabet(NASDAQ:GOOGL).\nIBM’s hope is that hybrid cloud will become a default corporate IT design, seeking to make internal systems as efficient as cloud.\nWhile IBM does have its own cloud, it’s miniscule compared with those of the giants. Synergy Research says IBM is now fifthin the global cloud rental market, having been passed by Alibaba Group Holding(NASDAQ:BABA).\nBut its relatively small size may not be a hindrance if it’s also dedicated to building out clouds for clients and moving workloads for cost efficiency.\nThe Bottom Line\nIf you look up IBM in the news, you won’t see much focus on its hybrid cloud strategy. Instead you might read about storage systems, aboutquantum computers, about government contracts ordisputes with its old chip foundry.\nBut don’t be fooled. IBM now has a strategy, to off-load the dividend, and focus on hybrid cloud. If it works, and it might, it could be “IBM to the Moon.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150415302,"gmtCreate":1624924465606,"gmtModify":1703847905223,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150415302","repostId":"1181994034","repostType":4,"repost":{"id":"1181994034","kind":"news","pubTimestamp":1624923744,"share":"https://ttm.financial/m/news/1181994034?lang=&edition=fundamental","pubTime":"2021-06-29 07:42","market":"us","language":"en","title":"Minnesota man charged in securities fraud may have tried to seize Florida shell company, records suggest","url":"https://stock-news.laohu8.com/highlight/detail?id=1181994034","media":"CNBC","summary":"A Minnesota man criminally charged this month with securities fraud in a scheme to hijack dormant sh","content":"<div>\n<p>A Minnesota man criminally charged this month with securities fraud in a scheme to hijack dormant shell companies also may have recently seized control of a Florida penny-stock company, or at least ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/man-charged-in-securities-fraud-tied-to-florida-shell-company.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","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>Minnesota man charged in securities fraud may have tried to seize Florida shell company, records suggest</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\">\nMinnesota man charged in securities fraud may have tried to seize Florida shell company, records suggest\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 07:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/28/man-charged-in-securities-fraud-tied-to-florida-shell-company.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A Minnesota man criminally charged this month with securities fraud in a scheme to hijack dormant shell companies also may have recently seized control of a Florida penny-stock company, or at least ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/28/man-charged-in-securities-fraud-tied-to-florida-shell-company.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SMEV":"Simulated Environment Concepts, Inc.","ECMH":"Encompass Holdings, Inc.","UITA":"Utilicraft Aerospace Industries, Inc.","NWGC":"New World Gold Corp.","BLLB":"Bell Buckle Holdings, Inc.","DIGI":"Digitiliti, Inc."},"source_url":"https://www.cnbc.com/2021/06/28/man-charged-in-securities-fraud-tied-to-florida-shell-company.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1181994034","content_text":"A Minnesota man criminally charged this month with securities fraud in a scheme to hijack dormant shell companies also may have recently seized control of a Florida penny-stock company, or at least tried to, court filings suggest.\nFederal prosecutors and the Securities and Exchange Commission in separatecriminalandcivil actionsfiled in Minnesota federal court this month accuse Mark Miller of using bogus documents to take over inactive shell companies and falsely inflate their stock prices, before selling millions of shares for profit.\nMiller, a 43-year-old general contractor, is a resident of Breezy Point, Minnesota,where he had been a Republican member of city council until resigning days after his indictment.\nAccording to prosecutors, Miller, his criminal case co-defendant Saied Jaberian and an unidentified relative of Miller actually became the nominal CEOs and presidents of the companies targeted in the alleged scam.\nCivil court documents filed in Florida starting in February show a Minnesota man with the same name, Mark Miller, engaged in efforts to take over another dormant shell company,New World Gold Corp.\nNew World Gold, which purports to be in the business of mining gold ore, is not one of seven companies identified as targets of Miller's purported scheme in the federal criminal case or in the civil SEC case, which are pending in Minnesota federal court.\nBut Florida court filings, press releases and social media activity surrounding New World Gold mirror allegations against Miller and his two co-defendants in the \"pump and dump\" scheme described in Minnesota court by federal prosecutors and securities regulators.\nNew World Gold's shares haveincreased in both price and trading volumein the past several months, ever since a man named Mark Miller filed the actions in Florida court seeking to control the company.\nA day afterCNBC broke the news of the criminal indictmentagainst Miller on June 18, New World Gold issued a statement on Twitter claiming that \"Mark Miller\" is not affiliated with the company.\nNew World Gold did not say that the \"Mark Miller\" who was connected to that company in court filings is a different Mark Miller from the one who was indicted in Minnesota.\nA number of people who follow the company on stock discussion boards pointed out that the company also did not explain why it would disclaim a connection to Mark Miller if that person was not the individual criminally charged in Minnesota.\nRobert Lengeling, Miller's criminal defense lawyer in Minnesota, declined to comment, and his client did not respond to CNBC's requests for comment.\n'Pump and dump'\nFederal prosecutors in Minnesota say Miller targeted at least four shell companies in the scheme that is the subject of the indictment against him and his co-defendants in the criminal case, Jaberian and Christopher James Rajkaran.\nThat indictment said the men allegedly used fake resignation letters from officials of the companies to seize control of the dormant companies.\nThey then issued false or misleading statements via press releases and social media, as well as the SEC's own EDGAR public filing system, to claim the companies had attractive new business opportunities, according to the charges.\nMiller and his alleged co-conspirators bought millions of shares of these companies, often for less than a penny, then sold those shares after pumping up the stock price with their fraudulent claims, the indictment said.\nProsecutors believe Miller and his associates made hundreds of thousands of dollars in illicit profits from the alleged scheme, a spokeswoman for the U.S. Attorney's Office in Minnesota told CNBC.\nThe companies were identified in the indictment as Digitiliti,Encompass Holdings,Bell Buckle HoldingsandUtilicraft Aerospace Industries.\nThe SEC, in its civil lawsuit filed June 18 against Miller alone, identified three additional penny-stock companies also believed to be similarly targeted by Miller, beyond the four identified in the criminal case. Those three companies are Bebida Beverage Company,Simulated Environment ConceptsandStrategic Asset Leasing.\nMiller and New World Gold\nAll seven companies, like New World Gold, had been inactive before Miller got involved with them, court filings say.\nThe Florida Division of Corporationsdatabaseindicated that New World Gold was reinstated on that database on June 4, after having been dormant for more than five years.\nThe company's shares trade publicly on the over-the-counter market. New World Gold is listed by OTC Markets Group on its \"Pink\" platform, with a \"No Information\" warning. The \"company may not be making material information publicly available,\" that warning says.\nThe business hasno record of any SEC filings, which include a company's quarterly and annual financial statements, changes in executive positions, and other documents typically used by professionals and investors to make informed decisions about whether to buy or sell shares.\nNew World Gold's reappearance on the Florida state corporate database came almost four months after someone identifying himself as a Minnesota resident named Mark Miller filed a lawsuit in Florida'sPalm Beach County courtagainst New World Gold, seeking an order to hold a shareholder meeting.\nA Palm Beach County judge in April granted the motion and ordered a shareholder meeting to be held on May 27, court records show.\nMiller said in a June 17 court filing that during that shareholder meeting, \"a motion was made to remove an existing director (who is physically incapacitated) and to have Mr. Miller elected as director.\"\nThe same filing claims shareholders voted unanimously to elect Miller as director.\nNew World Gold claimed in a June 11press releasethat it acquired a mining business in Wyoming with access to gold and lithium. Lithium is a material used in batteries for personal electronics, as well as for electric vehicles.\nA week later, on June 18, a press releaseclaimed New World Gold had identified property in Nevada and South Dakota for mining.\nThe company said in apress releaseFriday that it had \"officially acquired\" a placer claim in South Dakota.\nPosts on Twitter, Stocktwits, Reddit and Investors Hub referenced Miller as CEO of New World Gold.\n\"$NWGC power hour definitely still at a buy I bought some more off this little dip!! I have trust in the new CEO Mark Miller,\" one Twitter usersaidon June 1.\n\"I think we get a lithium announcement with $nwgc,\" another user tweeted on June 3.\n\"I followed the CEO on twitter Mark Miller ... I expect him to drop BOMBS tomorrow!!!\"\nBut the companytweetedon June 4 that it appointed Ohio lawyer Bob Honigford as its CEO and director.\nA search for Honigford in the SEC documents database returns no results. He did not respond to requests for comment by CNBC.\n\"So, no Mark Miller....,\" a user said in aReddit forum called NWGCShareholders.\n\"This is terrible news,\" another user chimed in.\n\"Mark was the guy to get investor attention and reinstatement. Bob actually does business in the field,\" a different user said in the same thread.\nNew World Gold's stock price peaked on June 3 at around 4 cents.\nBut by Friday it was trading at less than a penny. That still was more than 8,000% higher than its 52-week low in December, before Miller's lawsuit.\nThe 30-day average trading volume of New World Gold shares is more than 146 million shares changing hands per day.\nNew World Gold responds\nFollowing CNBC's reporting on Miller's indictment, New World Gold tweeted that Miller was not connected to the company, despite claims to the contrary in the Palm Beach County complaint.\n\"Miller has no control over Corporate activity or news releases, and he is NOT involved with the future expansion of Operations,\" New World Goldtweetedon June 19.\nDavid Rothstein, the lawyer representing Mark Miller in the Palm Beach County court lawsuit involving New World Gold, likewise did not respond to a request for comment.\nCNBC could not reach New World Gold at the email address listed on its press releases.\nThe SEC did not respond to CNBC's requests for comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":893954553,"gmtCreate":1628232635772,"gmtModify":1703503635488,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>??????","listText":"<a href=\"https://laohu8.com/S/BS6.SI\">$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$</a>??????","text":"$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$??????","images":[{"img":"https://static.tigerbbs.com/794a9d7fcf35318403d06d36042e916c","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/893954553","isVote":1,"tweetType":1,"viewCount":738,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":151954413,"gmtCreate":1625062366732,"gmtModify":1703735200832,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Oh&nbsp;","listText":"Oh&nbsp;","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151954413","repostId":"1142269235","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151956266,"gmtCreate":1625062312155,"gmtModify":1703735195692,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/151956266","repostId":"1102107523","repostType":4,"repost":{"id":"1102107523","kind":"news","pubTimestamp":1625058171,"share":"https://ttm.financial/m/news/1102107523?lang=&edition=fundamental","pubTime":"2021-06-30 21:02","market":"us","language":"en","title":"3 Reasons Amazon Could Quadruple Within 5 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1102107523","media":"seekingalpha","summary":"Summary\n\nImagine a company so wonderful, that a single share bought today, might be able to fund a r","content":"<p><b>Summary</b></p>\n<ul>\n <li>Imagine a company so wonderful, that a single share bought today, might be able to fund a rich retirement decades from now. Amazon is that company.</li>\n <li>Amazon's empire of businesses, including high margin AWS and advertising are expected to drive massive margin expansion leading to 33% annual free cash flow growth through 2026.</li>\n <li>$171 billion in annual free cash flow and $628 billion in cash on the balance sheet, means that Amazon will likely be forced by institutional investors to pay dividends.</li>\n <li>Amazon's 17% discount to fair value, and hyper-growth through 2026, means analysts think it could deliver 290% returns, nearly quadrupling your investment in five years.</li>\n <li>Those 26% CAGR consensus returns are what Amazon has delivered with incredible consistency for over 20 years. Combined with the potential to become the biggest dividend payer in history, Amazon is the ultimate rich retirement dream stock. That's why I've invested almost $250,000 into the best hyper-growth Ultra SWAN on earth, in all of my retirement portfolios. As long as Amazon remains undervalued, and the thesis intact, I'll keep buying my highest conviction recommendation of all time.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26138c41ab0116f0498e205dc805fdac\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Andrey Maximenko/iStock via Getty Images</span></p>\n<p>Today the market is highly overvalued, that's no secret.</p>\n<p><img src=\"https://static.tigerbbs.com/18e24a9282a0c7af30d401d5ed681a15\" tg-width=\"640\" tg-height=\"450\" referrerpolicy=\"no-referrer\"></p>\n<p>That means that future returns are likely to be far lower than the 14% CAGR investors have enjoyed over the last decade.</p>\n<p>For context, here's the return potential of the 32% overvalued S&amp;P 500.</p>\n<p>S&amp;P 500 2023 Consensus Total Return Potential</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/481b800cee26ad73776bc42cf540679d\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>S&amp;P 500 2026 Consensus Total Return Potential</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6e2b09f0029e80868b3d337a6be1fc31\" tg-width=\"640\" tg-height=\"395\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>Even the venerable dividend aristocrats, which historically outperform the S&amp;P 500 by 2% annually, are only expected to deliver about 6% CAGR total returns over the next five years.</p>\n<p>But fear not, because it's always a market of stocks and not a stock market.</p>\n<p>No matter what kind of investor you are, yield, value, quality, low volatility, maximum returns, ESG, etc., something great is always on sale, if you know where to look.</p>\n<p>Today I wanted to highlight Amazon (AMZN), my highest conviction recommendation ever.</p>\n<p>Not only does Amazon represent a wonderful company at a wonderful price, but there are three reasons why the world's greatest hyper-growth Ultra SWAN could nearly quadruple in the next five years.</p>\n<p>That's right, 26% CAGR consensus return potential, even with the market 32% overvalued.</p>\n<p><b>Amazon Total Returns Since 1998</b></p>\n<p><img src=\"https://static.tigerbbs.com/6c15e1e4749f2958e4c6ceadaa33dc04\" tg-width=\"640\" tg-height=\"122\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5c3c729def2c82b8dcae89d9df47e27d\" tg-width=\"640\" tg-height=\"296\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b3df52b3968b654af4d086cd03c49b8\" tg-width=\"640\" tg-height=\"297\" referrerpolicy=\"no-referrer\"><span>(Source: Portfolio Visualizer)</span></p>\n<p>That's actually the returns Amazon investors have seen with clockwork-like regularity over the past 20 years.</p>\n<p>But wait, it gets better. Not only does Amazon have the potential to deliver Buffett-line returns over the next five years, but it's also likely to become one of the greatest dividend growth blue-chips in the world. In fact, Amazon is eventually likely to become the biggest dividend payer in world history.</p>\n<p>So here are the three reasons why I've invested almost $250,000 into Amazon across my retirement portfolios, on the way to eventually investing millions into what I call my \"Jeff Bezos retirement plan\".</p>\n<p><b>Reason 1: Exceptional Quality And Safety</b></p>\n<p>My motto is \"Safety and quality first, and prudent valuation and sound risk management always.\"</p>\n<p>The Dividend King's overall quality scores factor in 188 fundamental metrics covering.</p>\n<ul>\n <li><p>dividend safety</p></li>\n <li><p>balance sheet strength</p></li>\n <li><p>short and long-term bankruptcy risk</p></li>\n <li><p>accounting and corporate fraud risk</p></li>\n <li><p>profitability and business model</p></li>\n <li><p>growth consensus estimates</p></li>\n <li><p>cost of capital</p></li>\n <li><p>long-term sustainability (ESG scores and trends from MSCI, Morningstar, S&amp;P, FactSet, and Reuters'/Refinitiv)</p></li>\n <li><p>management quality</p></li>\n <li><p>dividend friendly corporate culture/income dependability</p></li>\n <li><p>long-term total returns (a Ben Graham sign of quality)</p></li>\n</ul>\n<p>It actually includes over 1,000 metrics if you count everything factored in by nine rating agencies we use to assess fundamental risk.</p>\n<p>How do we know that our safety and quality model works well?</p>\n<p>During the 2 worst recessions in 75 years, our safety model predicted 6 blue-chip dividend cuts on the Phoenix list.</p>\n<p>There were 5, meaning we did very well during the ultimate baptism by fire for any dividend safety model.</p>\n<p>And then there's the confirmation that our quality ratings are very accurate.</p>\n<p>In the past decade, just 42% of all stocks made money, including dividends.</p>\n<p><img src=\"https://static.tigerbbs.com/77887d92a577c923463c57ecaf5e5e13\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"></p>\n<p>100% Of Phoenix Recs, Past And Present, Have Made Money Over The Last Decade</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9dee2e8b4c6e8be93ea54ae3da22414a\" tg-width=\"640\" tg-height=\"430\" referrerpolicy=\"no-referrer\"><span>(Seeking Alpha)</span></p>\n<p><img src=\"https://static.tigerbbs.com/f2e89af3183b9baba5d0614dfe8b9338\" tg-width=\"640\" tg-height=\"244\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8ec31ba1dd7e5dbd09d18f343d6b9965\" tg-width=\"640\" tg-height=\"276\" referrerpolicy=\"no-referrer\"></p>\n<p>DK Phoenix: A Great Blue-Chip Stock Picking System</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>US Stocks</b></td>\n   <td><b>Phoenix</b></td>\n  </tr>\n  <tr>\n   <td>Positive Total Returns Over The Last 10 Years</td>\n   <td>42%</td>\n   <td>100%</td>\n  </tr>\n  <tr>\n   <td>Lost Money/Went Bankrupt</td>\n   <td>47%</td>\n   <td>0%</td>\n  </tr>\n  <tr>\n   <td>Outperformed Market</td>\n   <td>36%</td>\n   <td>52%</td>\n  </tr>\n  <tr>\n   <td>Bankruptcies Over The Last 10 Years</td>\n   <td>11%</td>\n   <td>0%</td>\n  </tr>\n  <tr>\n   <td>Permanent 70+% Catastrophic Decline</td>\n   <td>40%</td>\n   <td>0%</td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Sources: Morningstar, JPMorgan Asset Management, FactSet, Seeking Alpha)</i></p>\n<p>Basically, historical market data confirms that the DK safety and quality model is one of the most comprehensive and accurate in the world.</p>\n<p>Picking stocks is hard unless you have a comprehensive and accurate way of measuring risk, valuation, and long-term return potential, which DK Phoenix most certainly does.</p>\n<p>This is why I entrust 100% of my life savings to this model and the DK Phoenix strategy.</p>\n<p><b>Balance Sheet Safety</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Rating</b></td>\n   <td><b>Dividend Kings Safety Score (110 Safety Metric Model)</b></td>\n   <td><b>Approximate Dividend Cut Risk (Average Recession)</b></td>\n   <td><p><b>Approximate Dividend Cut Risk In Pandemic Level Recession</b></p></td>\n  </tr>\n  <tr>\n   <td>1 (unsafe)</td>\n   <td>0% to 20%</td>\n   <td>over 4%</td>\n   <td>16+%</td>\n  </tr>\n  <tr>\n   <td>2 (below- average)</td>\n   <td>21% to 40%</td>\n   <td>over 2%</td>\n   <td>8% to 16%</td>\n  </tr>\n  <tr>\n   <td>3 (average)</td>\n   <td>41% to 60%</td>\n   <td>2%</td>\n   <td>4% to 8%</td>\n  </tr>\n  <tr>\n   <td>4 (safe)</td>\n   <td>61% to 80%</td>\n   <td>1%</td>\n   <td>2% to 4%</td>\n  </tr>\n  <tr>\n   <td>5 (very safe)</td>\n   <td>81% to 100%</td>\n   <td>0.5%</td>\n   <td>1% to 2%</td>\n  </tr>\n  <tr>\n   <td><b>AMZN</b></td>\n   <td><b>88%</b></td>\n   <td><b>A+ top AA credit ratings</b></td>\n   <td><b>0.6% to 0.51% 30-year default/bankruptcy risk</b></td>\n  </tr>\n </tbody>\n</table>\n<p><b>Long-Term Dependability</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Company</b></td>\n   <td><b>DK Long-Term Dependability Score</b></td>\n   <td><b>Interpretation</b></td>\n   <td><b>Points</b></td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500/Industry Average</td>\n   <td>60%</td>\n   <td>Average Dependability</td>\n   <td>2</td>\n  </tr>\n  <tr>\n   <td>Non-Dependable Companies</td>\n   <td>29% or below</td>\n   <td>Poor Dependability</td>\n   <td>1</td>\n  </tr>\n  <tr>\n   <td>Relatively Dependable Companies</td>\n   <td>29% to 64%</td>\n   <td>Below to Above-Average Dependability</td>\n   <td>2</td>\n  </tr>\n  <tr>\n   <td>Very Dependable Companies</td>\n   <td>65% to 79%</td>\n   <td>Very Dependable</td>\n   <td>3</td>\n  </tr>\n  <tr>\n   <td>Exceptionally Dependable Companies</td>\n   <td>80% or higher</td>\n   <td>Exceptional Dependability</td>\n   <td>4</td>\n  </tr>\n  <tr>\n   <td><b>AMZN</b></td>\n   <td><b>80%</b></td>\n   <td><b>Exceptional Dependability</b></td>\n   <td><b>4</b></td>\n  </tr>\n </tbody>\n</table>\n<p><b>Overall Quality</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>AMZN</b></td>\n   <td><b>Final Score</b></td>\n   <td><b>Rating</b></td>\n  </tr>\n  <tr>\n   <td>Safety</td>\n   <td>88%</td>\n   <td>5/5</td>\n  </tr>\n  <tr>\n   <td>Business Model</td>\n   <td>80%</td>\n   <td>3/3</td>\n  </tr>\n  <tr>\n   <td>Dependability</td>\n   <td>80%</td>\n   <td>4/4</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>83%</b></td>\n   <td><b>12/12 Ultra SWAN</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: DK Safety &amp; Quality Tool) updated daily, sorted by overall quality</i></p>\n<p>The DK 500 Master List includes the world's highest quality companies including:</p>\n<ul>\n <li><p>All dividend champions</p></li>\n <li><p>All dividend aristocrats</p></li>\n <li><p>All dividend kings</p></li>\n <li><p>All global aristocrats (such as BTI, ENB, and NVS)</p></li>\n <li><p>All 12/12 Ultra Swans (as close to perfect quality as exists on Wall Street)</p></li>\n</ul>\n<p>AMZN: 123rd Highest Quality Master List Company (Out of 517) = 76th Percentile</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc4fcd0e53ed517cc20402f12043cb4b\" tg-width=\"640\" tg-height=\"241\" referrerpolicy=\"no-referrer\"><span>(Source: DK Safety &amp; Quality Tool) updated daily, sorted by overall quality</span></p>\n<p>AMZN's 83% quality score means its similar in quality to such 11/12 Super Swans and 12/12 Ultra SWANs as:</p>\n<ul>\n <li>Merck (MRK)</li>\n <li>Cardinal Health (CAH) - dividend aristocrat</li>\n <li>Costco (COST)</li>\n <li>General Mills (GIS)</li>\n <li>Nestle (OTCPK:NSRGY)</li>\n <li>Medtronic (MDT) - dividend aristocrat</li>\n <li>Atmos Energy (ATO) - dividend aristocrat</li>\n <li>BlackRock (BLK)</li>\n <li>Alphabet (GOOG)</li>\n <li>Enbridge (ENB) - global aristocrat</li>\n <li>AbbVie (ABBV) - dividend aristocrat</li>\n <li>Berkshire Hathaway (BRK.B)</li>\n</ul>\n<p>Today AMZN is of higher quality than 76% of the world's most elite companies.</p>\n<p>What makes Amazon so high quality?</p>\n<p>Let's start with its fortress balance sheet.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c3642bcde8d34e336b32513a8b667b10\" tg-width=\"590\" tg-height=\"636\" referrerpolicy=\"no-referrer\"><span>(Source: GuruFocus Premium)</span></p>\n<p>Amazon's advanced accounting and solvency metrics all confirm almost zero short and long-term bankruptcy risk. They also confirm a significantly below 17.5% chance of accounting fraud.</p>\n<p>These are numbers we can trust, and that's verified by not one, not two, but all three major credit rating agencies.</p>\n<p>Amazon Consensus Credit Rating</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Rating Agency</b></td>\n   <td><b>Credit Rating</b></td>\n   <td><b>30-Year Default/Bankruptcy Risk</b></td>\n   <td><b>Chance of Losing 100% Of Your Investment 1 In</b></td>\n  </tr>\n  <tr>\n   <td>S&amp;P</td>\n   <td>AA stable outlook</td>\n   <td>0.51%</td>\n   <td>196.1</td>\n  </tr>\n  <tr>\n   <td>Fitch</td>\n   <td>AA- stable outlook</td>\n   <td>0.55%</td>\n   <td>181.8</td>\n  </tr>\n  <tr>\n   <td>Moody's</td>\n   <td>A1 (A+ equivalent) stable outlook</td>\n   <td>0.67%</td>\n   <td>149.3</td>\n  </tr>\n  <tr>\n   <td><b>Consensus</b></td>\n   <td><b>AA- stable outlook</b></td>\n   <td><b>0.58%</b></td>\n   <td><b>173.4</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Sources: S&amp;P, Fitch, Moody's)</i></p>\n<p>Warren Buffett defines fundamental risk as the probability of losing 100% of your investment, because of bankruptcy.</p>\n<p>Jeff Bezos himself has said that his main goal is to push back Amazon's eventual bankruptcy for as long as possible.</p>\n<p>According to the rating agencies, he's done a masterful job of that, because the chance of Amazon going bankrupt over the next 30 years is 1 in 173.</p>\n<p>The Bond Market Absolutely LOVES Amazon</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5e8d391ae0a66f0a0a7097c951a829db\" tg-width=\"640\" tg-height=\"641\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<ul>\n <li>$81 billion in liquidity</li>\n <li>1.96% average borrowing cost</li>\n <li>\"smart money\" on Wall Street, bond investors, are willing to lend to Amazon for 40 years at under 3%</li>\n <li>better terms than even the US treasury can get</li>\n</ul>\n<p>But wait, it gets better.</p>\n<p>AMZN Balance Sheet Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Debt/EBITDA (3.0 Or Less Safe According To Rating Agencies)</b></td>\n   <td><b>Net Debt/EBITDA</b></td>\n   <td><p><b>Interest Coverage (8+ Safe)</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>0.56</td>\n   <td>-0.09</td>\n   <td>13.90</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>0.42</td>\n   <td>-0.90</td>\n   <td>21.00</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>0.33</td>\n   <td>-1.21</td>\n   <td>27.63</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>0.27</td>\n   <td>-1.52</td>\n   <td>37.61</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>0.21</td>\n   <td>-1.97</td>\n   <td>47.99</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>0.17</td>\n   <td>-2.14</td>\n   <td>58.03</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>0.14</td>\n   <td>-2.24</td>\n   <td>79.57</td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<ul>\n <li>$501 billion consensus net cash by 2026</li>\n</ul>\n<p>Leverage Safety Credit Rating Guidelines For Most Companies</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Credit Rating</b></td>\n   <td><b>Safe Debt/EBITDA For Most Companies</b></td>\n   <td><b>30-Year Default/Bankruptcy Risk</b></td>\n  </tr>\n  <tr>\n   <td>BBB</td>\n   <td>3.0 or less</td>\n   <td>7.50%</td>\n  </tr>\n  <tr>\n   <td>A-</td>\n   <td>2.5 or less</td>\n   <td>2.50%</td>\n  </tr>\n  <tr>\n   <td>A</td>\n   <td>2.0 or less</td>\n   <td>0.66%</td>\n  </tr>\n  <tr>\n   <td>A+</td>\n   <td>1.8 or less</td>\n   <td>0.60%</td>\n  </tr>\n  <tr>\n   <td>AA</td>\n   <td>1.5 or less</td>\n   <td>0.51%</td>\n  </tr>\n  <tr>\n   <td>AAA</td>\n   <td>1.1 or less</td>\n   <td>0.07%</td>\n  </tr>\n </tbody>\n</table>\n<ul>\n <li>S&amp;P recently upgraded AMZN from AA- to AA</li>\n <li>the company is on track to join JNJ and MSFT as the only AAA-rated companies in America</li>\n</ul>\n<p>Within a few years, Amazon could have three AAA-stable credit ratings, tying Microsoft (MSFT) for the strongest balance sheet in corporate America (JNJ has an AAA-negative outlook from Moody's).</p>\n<p>But quality only begins with a strong balance sheet and low fundamental risk.</p>\n<blockquote>\n <b>We assign Amazon an Exemplary Capital Allocation rating.</b>\n</blockquote>\n<blockquote>\n The rating reflects our assessments of a sound balance sheet, exceptional investments, and appropriate shareholder distributions...\n</blockquote>\n<blockquote>\n <b>Management’s track record of investing in areas that investors were initially skeptical of but were ultimately vindicated has been remarkable.</b>..The results have been breathtaking.\n</blockquote>\n<blockquote>\n From humble beginnings, Mr. Bezos has built Amazon into one of the largest companies in the world. On the e-commerce side, the company has evolved from selling books to selling everything, including groceries, delivering purchases the same day they are ordered, and moving into retail categories that were long thought to be beyond the reach of online shopping.\n</blockquote>\n<blockquote>\n The stickiness of Prime members, the financial stability of subscriptions, the tech world shakeup via AWS, the Kindle—the innovation has been dramatic, and shareholders have been rewarded along the way. Ultimately,\n <b>we assess investment as exceptional.</b>\n</blockquote>\n<blockquote>\n Amazon’s capital deployment strategy centers around re-investing in the business and making generally small tuck-in acquisitions.\n <b>The company does not pay a dividend or repurchase shares, nor do we expect them to over the next several years.\"</b>- Morningstar (emphasis added)\n</blockquote>\n<p>I define management quality by long-term capital allocation, as measured by profitability vs peers, as well as the dividend track record (for dividend stocks), and long-term total returns. And on that front, I agree with Morningstar 100% that Amazon has exceptional management quality.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78d42b9bed2737674895bbf058e91e51\" tg-width=\"595\" tg-height=\"597\" referrerpolicy=\"no-referrer\"><span>(Source: GuruFocus Premium)</span></p>\n<p>Amazon's profitability is historically in the top 20% of peers, confirming the wide and stable moat.</p>\n<p><img src=\"https://static.tigerbbs.com/a345405475408a1636a0de9514dd4c7c\" tg-width=\"640\" tg-height=\"390\" referrerpolicy=\"no-referrer\"></p>\n<p>And like Morningstar, I expect Amazon to keep plowing its rivers of profits back into more growth. When you're generating 19% cash returns on invested capital the best thing to do is slam the growth pedal to the floor.</p>\n<p>And that's exactly what analysts expect Amazon to do.</p>\n<p>AMZN Growth Spending Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>SG&amp;A</b></td>\n   <td><b>R&amp;D</b></td>\n   <td><b>Capex</b></td>\n   <td><b>Total Growth Spending</b></td>\n   <td><b>Sales</b></td>\n   <td><p><b>Growth Spending/Sales</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$28,677</td>\n   <td>$37,677</td>\n   <td>$35,046</td>\n   <td>$72,723</td>\n   <td>$386,064</td>\n   <td>18.84%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$34,316</td>\n   <td>$54,529</td>\n   <td>$38,722</td>\n   <td>$93,251</td>\n   <td>$489,008</td>\n   <td>19.07%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$41,429</td>\n   <td>$60,706</td>\n   <td>$39,328</td>\n   <td>$100,034</td>\n   <td>$580,286</td>\n   <td>17.24%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$48,702</td>\n   <td>$66,794</td>\n   <td>$39,666</td>\n   <td>$106,460</td>\n   <td>$675,490</td>\n   <td>15.76%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$50,575</td>\n   <td>$75,326</td>\n   <td>$45,823</td>\n   <td>$121,149</td>\n   <td>$771,718</td>\n   <td>15.70%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$55,270</td>\n   <td>$81,758</td>\n   <td>$47,416</td>\n   <td>$129,174</td>\n   <td>$870,208</td>\n   <td>14.84%</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$60,083</td>\n   <td>$88,553</td>\n   <td>$49,390</td>\n   <td>$137,943</td>\n   <td>$1,010,120</td>\n   <td>13.66%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>13.12%</b></td>\n   <td><b>15.31%</b></td>\n   <td><b>5.88%</b></td>\n   <td><b>11.26%</b></td>\n   <td><b>17.39%</b></td>\n   <td><b>-5.77%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p><img src=\"https://static.tigerbbs.com/7c36f1c1784191679b319b1e3fe6a2ce\" tg-width=\"640\" tg-height=\"390\" referrerpolicy=\"no-referrer\"></p>\n<p>Amazon's hiring binge, which has seen its workforce grow 37% CAGR since 1994, is expected to continue.</p>\n<p>Within a few years, Amazon is likely to surpass Walmart as the largest private employer in America.</p>\n<p>Eventually, it could surpass the Federal Government as the largest employer in America, and one day Amazon could even be the largest employer on earth.</p>\n<p>R&amp;D spending is expected to reach almost $90 billion by 2026. Amazon is already the #1 company on earth when it comes to investing in innovation and new products. And that R&amp;D spending is expected to double within 5 years.</p>\n<p>Growth capex is expected to reach nearly $50 billion by 2026, as Amazon continues maximizing its logistical capabilities. For context, today Amazon has 57 fulfillment centers... in Philadelphia alone!</p>\n<p>Amazon has 77 planes in its Amazon Air businesses and soon it will have85.</p>\n<p>In 2021 Amazon is expected to open a $1.5 billion air hub in Kentucky. For most companies, a $1.5 billion investment would be a huge deal. For Amazon, it's about 5% of its consensus 2021 capex.</p>\n<p>In 2019 Amazon had 60,000 trucks delivering its packages, and the company hasordered 100,000 electric trucks, which would nearly triple its delivery fleet, already one of the largest on earth.</p>\n<p>Globally, Amazon is making inroads into dozens of countries, including India where Bezos says the goal is to create over 1 million direct and indirect jobs by 2025 alone.</p>\n<p>There are few companies on earth as capital intensive as Amazon is today. And yet its returns on capital are still industry-leading and improving rapidly.</p>\n<p>AMZN TTM Profitability Vs Peers</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>Industry Percentile</b></td>\n   <td><b>Major Cyclical Retailers More Profitable Than AMZN (Out of 1058)</b></td>\n  </tr>\n  <tr>\n   <td>Operating Margin</td>\n   <td>66.48</td>\n   <td>355</td>\n  </tr>\n  <tr>\n   <td>Net Margin</td>\n   <td>76.16</td>\n   <td>252</td>\n  </tr>\n  <tr>\n   <td>Return On Equity</td>\n   <td>90.94</td>\n   <td>96</td>\n  </tr>\n  <tr>\n   <td>Return On Assets</td>\n   <td>85.77</td>\n   <td>151</td>\n  </tr>\n  <tr>\n   <td>Return On Capital</td>\n   <td>75.61</td>\n   <td>258</td>\n  </tr>\n  <tr>\n   <td><b>Average</b></td>\n   <td><b>78.99</b></td>\n   <td><b>222</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: GuruFocus Premium)</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ae20a3b7d6ae4faf5259f28d2c3b0ec9\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"><span>(Source: GuruFocus Premium)</span></p>\n<p>ROC = Joel Greenblatt's gold standard proxy for quality and moatiness.</p>\n<p>Earnings before interest and taxes/all the money it takes to run the business.</p>\n<p>historically ROC about 2X that of its peers.</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Dividend Kings Watchlist</b></td>\n   <td><b>Average ROC</b></td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>Dividend Champions</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>Dividend Aristocrats</td>\n   <td>85%</td>\n  </tr>\n  <tr>\n   <td>Dividend Kings</td>\n   <td>87%</td>\n  </tr>\n  <tr>\n   <td>Strong ESG</td>\n   <td>83%</td>\n  </tr>\n  <tr>\n   <td>Ultra SWANs</td>\n   <td>87%</td>\n  </tr>\n  <tr>\n   <td>Low Volatility</td>\n   <td>87%</td>\n  </tr>\n  <tr>\n   <td>DK 500 Master List</td>\n   <td>106%</td>\n  </tr>\n  <tr>\n   <td>Foreign Dividend Stocks</td>\n   <td>125%</td>\n  </tr>\n  <tr>\n   <td>Hyper-Growth</td>\n   <td>154%</td>\n  </tr>\n </tbody>\n</table>\n<p>You'd think that all that growth spending would cause profit margins to shrink, but Amazon's economies of scale are so large, that profitability is expected to explode in the coming years.</p>\n<p>AMZN Profit Margin Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>FCF Margin</b></td>\n   <td><b>EBITDA Margin</b></td>\n   <td><b>EBIT (Operating) Margin</b></td>\n   <td><b>Net Margin</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>8.0%</td>\n   <td>14.8%</td>\n   <td>5.9%</td>\n   <td>5.5%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>7.7%</td>\n   <td>15.4%</td>\n   <td>7.0%</td>\n   <td>5.8%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>10.2%</td>\n   <td>16.2%</td>\n   <td>8.1%</td>\n   <td>6.6%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>11.7%</td>\n   <td>17.1%</td>\n   <td>9.6%</td>\n   <td>7.8%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>14.2%</td>\n   <td>19.1%</td>\n   <td>11.0%</td>\n   <td>9.1%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>16.1%</td>\n   <td>20.7%</td>\n   <td>12.1%</td>\n   <td>10.6%</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>17.0%</td>\n   <td>22.2%</td>\n   <td>14.7%</td>\n   <td>12.3%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>13.26%</b></td>\n   <td><b>6.92%</b></td>\n   <td><b>16.27%</b></td>\n   <td><b>14.20%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>FCF margins are expected to more than double. Operating margins are expected to nearly triple.</p>\n<p>Amazon's 2026 consensus ROC is 60% to 68%, which is 8x its industry peers and 5x that of the S&amp;P 500.</p>\n<p>What on earth can have analysts so bullish about Amazon's profitability prospects?</p>\n<p>Amazon Web Services Consensus Profitability Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>AWS Consensus Sales</b></td>\n   <td><b>AWS Consensus Operating Income</b></td>\n   <td><b>AWS Consensus EBITDA</b></td>\n   <td><b>AWS Consensus Operating Margin</b></td>\n   <td><p><b>AWS Consensus EBITDA Margin</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$45,370</td>\n   <td>$13,531</td>\n   <td>$29,063</td>\n   <td>29.82%</td>\n   <td>64.06%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$58,450</td>\n   <td>$17,450</td>\n   <td>$35,900</td>\n   <td>29.85%</td>\n   <td>61.42%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$72,988</td>\n   <td>$22,285</td>\n   <td>$41,969</td>\n   <td>30.53%</td>\n   <td>57.50%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$91,683</td>\n   <td>$28,743</td>\n   <td>$49,991</td>\n   <td>31.35%</td>\n   <td>54.53%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$110,174</td>\n   <td>$39,370</td>\n   <td>$58,906</td>\n   <td>35.73%</td>\n   <td>53.47%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$131,980</td>\n   <td>$50,362</td>\n   <td>NA</td>\n   <td>38.16%</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$151,749</td>\n   <td>$63,982</td>\n   <td>NA</td>\n   <td>42.16%</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>22.29%</b></td>\n   <td><b>29.56%</b></td>\n   <td><b>19.32%</b></td>\n   <td><b>5.94%</b></td>\n   <td><b>-4.42%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>Amazon Web Services is the largest cloud computing provider on earth, and those sales are expected to grow at over 22% annually through 2026.</p>\n<p>If AWS were its own business in 2021, it would be ranked #53 on the Fortune 500, larger than Boeing.</p>\n<p><img src=\"https://static.tigerbbs.com/ef66bfecf31ba5368e9e483ff2c0b9fc\" tg-width=\"434\" tg-height=\"954\" referrerpolicy=\"no-referrer\"></p>\n<p>By 2026, AWS's $152 billion in sales, would make it #15 on the Fortune 500.</p>\n<p>Operating margins at AWS are expected to increase by 40% in the next five years. And that's despite Amazon steadily reducing cloud computing prices as it has&nbsp;more than 70 times&nbsp;already.</p>\n<p>But there is an even better business Amazon runs, with 70% operating margins according to analyst firm Piper Jaffray.</p>\n<p>Amazon Advertising Consensus Growth Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Advertising Revenue</b></td>\n   <td><b>Total Sales</b></td>\n   <td><p><b>Advertising As % Of Sales</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$15,730</td>\n   <td>$386,064</td>\n   <td>4.07%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$25,862</td>\n   <td>$489,008</td>\n   <td>5.29%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$33,809</td>\n   <td>$580,286</td>\n   <td>5.83%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$49,722</td>\n   <td>$675,490</td>\n   <td>7.36%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>46.76%</b></td>\n   <td><b>17.39%</b></td>\n   <td><b>21.79%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>The Wall Street Journal estimates Amazon generated $16 billion in ad revenue in 2020, #3 in the world behind Alphabet (GOOG) and Facebook (FB). That's 77% growth in advertising revenue in 2020, a terrible year for the advertising industry.</p>\n<p>That ad business is expected to grow like a weed, more than tripling by 2023 alone.</p>\n<p>In fact, by 2023, about 1/15th of Amazon's revenue is expected to be from digital ads.</p>\n<p><img src=\"https://static.tigerbbs.com/0ffdf852b07773d55e7615de35404d3a\" tg-width=\"640\" tg-height=\"508\" referrerpolicy=\"no-referrer\"></p>\n<p>In 2020 Amazon had 10.3% of the digital ad market, up from 7.8% the year before.</p>\n<p><img src=\"https://static.tigerbbs.com/3866ce2e9c2c12dd34acca1982f6a04b\" tg-width=\"609\" tg-height=\"669\" referrerpolicy=\"no-referrer\"></p>\n<p>eMarketer estimates Amazon is already #2 in search ad spending revenue.</p>\n<blockquote>\n This year, Amazon will control 76.2% of the nearly $24 billion e-commerce channel ad market. For comparison, No. 2 Walmart will capture just 6.5% of the market.\" - eMarketer\n</blockquote>\n<p>AWS + Advertising Consensus Growth Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Advertising Revenue</b></td>\n   <td><b>AWS Revenue</b></td>\n   <td><b>AWS + Advertising Revenue</b></td>\n   <td><b>Total Sales</b></td>\n   <td><p><b>AWS + Advertising/Sales</b></p></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$15,730</td>\n   <td>$45,370</td>\n   <td>$61,100</td>\n   <td>$386,064</td>\n   <td>15.83%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$25,862</td>\n   <td>$58,450</td>\n   <td>$84,312</td>\n   <td>$489,008</td>\n   <td>17.24%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$33,809</td>\n   <td>$72,988</td>\n   <td>$106,797</td>\n   <td>$580,286</td>\n   <td>18.40%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$49,722</td>\n   <td>$91,683</td>\n   <td>$141,405</td>\n   <td>$675,490</td>\n   <td>20.93%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>46.76%</b></td>\n   <td><b>22.29%</b></td>\n   <td><b>32.27%</b></td>\n   <td><b>17.39%</b></td>\n   <td><b>9.77%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>Advertising and AWS are the most lucrative parts of its business and those are expected to grow at 32% annually through 2023, and makeup 1/5th of company sales.</p>\n<p>And those sales are themselves growing at incredible rates, thanks to Amazon's other businesses.</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Online Stores</b></td>\n   <td><b>Physical Stores</b></td>\n   <td><b>3rd Party Sellers</b></td>\n   <td><b>Subscription Services</b></td>\n   <td><b>AWS</b></td>\n   <td><b>Advertising</b></td>\n   <td><b>Other</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$197,349</td>\n   <td>$16,224</td>\n   <td>$80,437</td>\n   <td>$25,207</td>\n   <td>$45,370</td>\n   <td>$15,730</td>\n   <td>$21,477</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$247,062</td>\n   <td>$16,271</td>\n   <td>$105,072</td>\n   <td>$32,067</td>\n   <td>$58,450</td>\n   <td>$25,862</td>\n   <td>$32,329</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$291,435</td>\n   <td>$16,818</td>\n   <td>$128,177</td>\n   <td>$38,992</td>\n   <td>$72,988</td>\n   <td>$33,809</td>\n   <td>$42,937</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$307,114</td>\n   <td>$17,128</td>\n   <td>$155,835</td>\n   <td>$44,961</td>\n   <td>$91,683</td>\n   <td>$49,722</td>\n   <td>$52,000</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$318,497</td>\n   <td>$16,750</td>\n   <td>$169,642</td>\n   <td>$52,868</td>\n   <td>$110,174</td>\n   <td>NA</td>\n   <td>$63,637</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$473,794</td>\n   <td>$19,738</td>\n   <td>$189,999</td>\n   <td>$58,948</td>\n   <td>$131,980</td>\n   <td>NA</td>\n   <td>$67,563</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>$151,749</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td><b>Annual Growth</b></td>\n   <td><b>19.14%</b></td>\n   <td><b>4.00%</b></td>\n   <td><b>18.76%</b></td>\n   <td><b>18.52%</b></td>\n   <td><b>22.29%</b></td>\n   <td><b>46.76%</b></td>\n   <td><b>25.76%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>What's included in Amazon's \"other\" businesses, which are expected to generate almost $68 billion in sales by 2025?</p>\n<p>Amazon is an empire with</p>\n<blockquote>\n over 40 subsidiaries, including Audible, Diapers.com, Goodreads, IMDb, Kiva Systems (now Amazon Robotics), Shopbop, TeachStreet, Twitch, and Zappos. -Wikipedia\n</blockquote>\n<p>That motley collection of companies is growing at 25% and by 2026 would be #46 on the Fortune 500.</p>\n<p>The bottom line is Amazon is a glorious empire that combines into one of the world's highest quality and fundamentally safest companies.</p>\n<p>It's also one of the fastest-growing.</p>\n<p><b>Reason 2: Long-Term Growth Potential To Make Grown Men Weep With Joy</b></p>\n<p>What does 17% organic revenue growth combined with extreme multiple expansion get you?</p>\n<p>AMZN Profit Growth Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Sales</b></td>\n   <td><b>FCF</b></td>\n   <td><b>EBITDA</b></td>\n   <td><b>EBIT (Operating Income)</b></td>\n   <td><b>Net Income</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$386,064</td>\n   <td>$31,018</td>\n   <td>$57,284</td>\n   <td>$22,899</td>\n   <td>$21,331</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$489,008</td>\n   <td>$37,694</td>\n   <td>$75,241</td>\n   <td>$34,341</td>\n   <td>$28,601</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$580,286</td>\n   <td>$59,368</td>\n   <td>$94,093</td>\n   <td>$46,944</td>\n   <td>$38,122</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$675,490</td>\n   <td>$79,188</td>\n   <td>$115,214</td>\n   <td>$64,923</td>\n   <td>$52,538</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$771,718</td>\n   <td>$109,720</td>\n   <td>$147,249</td>\n   <td>$84,987</td>\n   <td>$70,026</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$870,208</td>\n   <td>$140,055</td>\n   <td>$180,369</td>\n   <td>$105,028</td>\n   <td>$92,641</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$1,010,120</td>\n   <td>$171,309</td>\n   <td>$223,941</td>\n   <td>$148,007</td>\n   <td>$123,781</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>17.39%</b></td>\n   <td><b>32.95%</b></td>\n   <td><b>25.51%</b></td>\n   <td><b>36.48%</b></td>\n   <td><b>34.05%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>How about 33% CAGR FCF growth and 34% CAGR profit growth?</p>\n<p>Worried about higher corporate taxes in 2022? Jeff Bezos isn't and analysts are already baking that into their consensus estimates.</p>\n<p>AMZN Tax Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Operating Income</b></td>\n   <td><b>Tax Costs</b></td>\n   <td><b>Tax Rate</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$22,899</td>\n   <td>$2,863</td>\n   <td>12.50%</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$34,341</td>\n   <td>$6,588</td>\n   <td>19.18%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$46,944</td>\n   <td>$8,364</td>\n   <td>17.82%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$64,923</td>\n   <td>$11,723</td>\n   <td>18.06%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$84,987</td>\n   <td>$15,707</td>\n   <td>18.48%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$105,028</td>\n   <td>$19,933</td>\n   <td>18.98%</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$148,007</td>\n   <td>$25,665</td>\n   <td>17.34%</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>36.48%</b></td>\n   <td><b>44.13%</b></td>\n   <td><b>5.60%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>Amazon's extreme growth spending is expected to keep its tax rate far below the 25% or so that most analysts now expect beyond 2021.</p>\n<p>That still means a $26 billion tax bill in 2026. Gone forever are the days of Amazon paying no taxes. But by 2026 Amazon is expected to become the largest single corporate taxpayer in the world, likely neutralizing claims that its \"not paying its fair share\".</p>\n<p>How much should investors fear taxes? Not much, because look at the growth estimates for Amazon for the next few years.</p>\n<p>Amazon's Medium-Term Growth Consensus</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>2021 Growth Consensus</b></td>\n   <td><b>2022 Growth Consensus</b></td>\n   <td><b>2023 Growth Consensus</b></td>\n   <td><b>2024 Growth Consensus</b></td>\n   <td><b>2025 Growth Consensus</b></td>\n   <td><p><b>2026 Growth Consensus</b></p></td>\n  </tr>\n  <tr>\n   <td>Sales</td>\n   <td>27%</td>\n   <td>19%</td>\n   <td>16%</td>\n   <td>14%</td>\n   <td>13%</td>\n   <td>16%</td>\n  </tr>\n  <tr>\n   <td>Earnings</td>\n   <td>33%</td>\n   <td>30%</td>\n   <td>31%</td>\n   <td>35%</td>\n   <td>31%</td>\n   <td>32%</td>\n  </tr>\n  <tr>\n   <td>Owner Earnings (Buffett smoothed out FCF)</td>\n   <td>-13%</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>Operating Cash Flow</td>\n   <td>14%</td>\n   <td>20%</td>\n   <td>17%</td>\n   <td>43%</td>\n   <td>19%</td>\n   <td>16%</td>\n  </tr>\n  <tr>\n   <td>Free Cash Flow</td>\n   <td>26%</td>\n   <td>57%</td>\n   <td>23%</td>\n   <td>54%</td>\n   <td>26%</td>\n   <td>21%</td>\n  </tr>\n  <tr>\n   <td>EBITDA</td>\n   <td>91%</td>\n   <td>23%</td>\n   <td>22%</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>EBIT (Operating Income)</td>\n   <td>44%</td>\n   <td>38%</td>\n   <td>32%</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FAST Graphs, FactSet Research Terminal)</i></p>\n<p>Those are mind-blowing growth rates for any company, much less the 2nd largest by revenue in the world.</p>\n<p>And those hyper-growth rates are coming off one of Amazon's best years ever.</p>\n<p>Amazon Was A Big Pandemic Winner</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>2020 Growth Results</b></td>\n  </tr>\n  <tr>\n   <td>Sales</td>\n   <td>38%</td>\n  </tr>\n  <tr>\n   <td>Earnings</td>\n   <td>82%</td>\n  </tr>\n  <tr>\n   <td>Owner Earnings (Buffett smoothed out FCF)</td>\n   <td>145%</td>\n  </tr>\n  <tr>\n   <td>Operating Cash Flow</td>\n   <td>70%</td>\n  </tr>\n  <tr>\n   <td>Free Cash Flow</td>\n   <td>18%</td>\n  </tr>\n  <tr>\n   <td>EBITDA</td>\n   <td>28%</td>\n  </tr>\n  <tr>\n   <td>EBIT (Operating Income)</td>\n   <td>53%</td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FAST Graphs, FactSet Research Terminal)</i></p>\n<p>But what about beyond 2026?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73a38f645a1608f99cc77e6ec072dc8d\" tg-width=\"640\" tg-height=\"105\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<p>Growth consensus range: 26.7% to 38.1% CAGR</p>\n<p><img src=\"https://static.tigerbbs.com/fa1e01b03bef42c7ed38ac2250cff266\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1150e4a88902c36c95997ca434ba5ba2\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p>\n<p>The historical margin of error, smoothing for outliers is 20% to the downside, 30% to the upside.</p>\n<p>The historical margin-of-error adjusted growth consensus range is 21% to 50% CAGR.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa93ca51685a573b23f8374d41368a45\" tg-width=\"640\" tg-height=\"445\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>Amazon's growth consensus means analysts expect the growth rate of the last two decades to continue, courtesy of margin expansion.</p>\n<p><b>Why Amazon Is Likely To Eventually Become The Biggest Dividend Payer In World History</b></p>\n<p>Today Amazon doesn't pay a dividend. Morningstar and analysts don't expect it to through at least 2026.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2179922a283d0c3fe0f5d4a90548a023\" tg-width=\"640\" tg-height=\"136\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<p>But guess what? Simple math tells us that one day if Amazon grows as analysts expect, it will almost have no alternative than massive buybacks and dividends that put Apple's (AAPL) to shame.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c76904335d4c5233f9ea5d4b3f7a2a8f\" tg-width=\"640\" tg-height=\"255\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<ul>\n <li>2026 consensus cash pile of $628 billion</li>\n <li>$501 billion net cash</li>\n <li>Apple began its capital returns at $250 billion</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33e6f4534ab69d845938b2fc376c1db3\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"><span>(Source: Apple)</span></p>\n<p>Apple has so far returned $551 billion in cash to investors. By 2026 Amazon's cash pile is expected to be $77 billion larger than that mind-blowing sum.</p>\n<p>AMZN Potential Dividend Consensus Forecast</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>FCF/Share Consensus</b></td>\n   <td><b>Dividend Per Share (50% Payout Ratio)</b></td>\n   <td><b>Yield On Today's Cost</b></td>\n   <td><b>Consensus Yield Potential</b></td>\n   <td><b>Analyst Consensus Fair Value Price</b></td>\n  </tr>\n  <tr>\n   <td>2020</td>\n   <td>$60.82</td>\n   <td>$30.41</td>\n   <td>0.87%</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$71.13</td>\n   <td>$35.57</td>\n   <td>1.02%</td>\n   <td>0.84%</td>\n   <td>$4,243.20</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$99.74</td>\n   <td>$49.87</td>\n   <td>1.42%</td>\n   <td>0.88%</td>\n   <td>$5,643.44</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$133.27</td>\n   <td>$66.64</td>\n   <td>1.90%</td>\n   <td>0.98%</td>\n   <td>$6,770.26</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$205.74</td>\n   <td>$102.87</td>\n   <td>2.94%</td>\n   <td>1.08%</td>\n   <td>$9,516.45</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$259.57</td>\n   <td>$129.79</td>\n   <td>3.70%</td>\n   <td>1.12%</td>\n   <td>$11,567.10</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$313.89</td>\n   <td>$156.95</td>\n   <td>4.48%</td>\n   <td>1.15%</td>\n   <td>$13,655.48</td>\n  </tr>\n  <tr>\n   <td><b>Annualized Growth</b></td>\n   <td><b>31.46%</b></td>\n   <td><b>31.46%</b></td>\n   <td><b>31.46%</b></td>\n   <td><b>6.52%</b></td>\n   <td><b>26.33%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>Amazon yielding 1% would be similar to Apple, Microsoft, Visa (V), and Mastercard (MA) today.</p>\n<p>And guess what? If Amazon paid a 50% FCF dividend, then it would still see its cash position grow by almost $200 billion in the next five years.</p>\n<p>AMZN Potential Dividend/Retained Cash Flow Consensus</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>Dividend Consensus</b></td>\n   <td><b>FCF/Share Consensus</b></td>\n   <td><b>Payout Ratio</b></td>\n   <td><b>Retained FCF</b></td>\n   <td><b>Buyback Potential</b></td>\n   <td><b>Debt Repayment Potential</b></td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$35.57</td>\n   <td>$71.13</td>\n   <td>50.0%</td>\n   <td>$17,925</td>\n   <td>1.01%</td>\n   <td>56.1%</td>\n  </tr>\n  <tr>\n   <td>2022</td>\n   <td>$49.87</td>\n   <td>$99.74</td>\n   <td>50.0%</td>\n   <td>$25,134</td>\n   <td>1.42%</td>\n   <td>79.8%</td>\n  </tr>\n  <tr>\n   <td>2023</td>\n   <td>$66.64</td>\n   <td>$133.27</td>\n   <td>50.0%</td>\n   <td>$33,584</td>\n   <td>1.90%</td>\n   <td>107.3%</td>\n  </tr>\n  <tr>\n   <td>2024</td>\n   <td>$102.87</td>\n   <td>$205.74</td>\n   <td>50.0%</td>\n   <td>$51,846</td>\n   <td>2.93%</td>\n   <td>167.8%</td>\n  </tr>\n  <tr>\n   <td>2025</td>\n   <td>$129.79</td>\n   <td>$259.57</td>\n   <td>50.0%</td>\n   <td>$65,412</td>\n   <td>3.70%</td>\n   <td>214.6%</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$156.95</td>\n   <td>$313.89</td>\n   <td>50.0%</td>\n   <td>$79,100</td>\n   <td>4.48%</td>\n   <td>259.5%</td>\n  </tr>\n  <tr>\n   <td><b>Total 2021 Through 2026</b></td>\n   <td><b>$541.67</b></td>\n   <td><b>$1,083.34</b></td>\n   <td><b>50.0%</b></td>\n   <td><b>$193,901.40</b></td>\n   <td><b>10.97%</b></td>\n   <td><b>606.42%</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Source: FactSet Research Terminal)</i></p>\n<p>If Amazon began paying out 100% of FCF as buybacks and dividends starting in 2022, then by 2026 its cash pile would be \"just\" $85.5 billion.</p>\n<p>How does a 32% growing dividend with a 1% starting yield, and 2% annual buybacks sound?</p>\n<p>Like $79 billion in annual dividends to all investors, and $8.0 billion to Jeff Bezos personally, by 2026.</p>\n<p>Bezos spends billions each year on Blue Origin (his rocket company) and philanthropy.</p>\n<p>In fact, if Amazon were to pay a 1% dividend this year, that's $1.8 billion to Bezos (and $17.9 billion to the rest of us), pretty much ensuring he never has to sell a single share ever again.</p>\n<p>Would paying those dividends harm Amazon's growth efforts? Not at all. Free cash flow is what's left over after running the business and investing in future growth.</p>\n<p>$171 billion in FCF that analysts expect in 2026 is AFTER $138 billion in growth spending.</p>\n<p>Within a few years, big institutions will likely insist that Amazon do something with its historic mountain of cash.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9830e84590274c519912b4e405af7fb8\" tg-width=\"640\" tg-height=\"264\" referrerpolicy=\"no-referrer\"><span>(Source: GuruFocus Premium)</span></p>\n<p>63% of Amazon is owned by institutional investors, including 12% Vanguard and BlackRock alone. For context, Jeff Bezos owns 10.1% of the company.</p>\n<p>Collecting cash for its own sake is not prudent capital allocation, which is why these big institutions forced Apple to start buying back stock and paying dividends in 2012.</p>\n<p>And that's likely to happen eventually with Amazon.</p>\n<p><b>If Amazon Keeps Growing FCF At 33% CAGR Through 2030</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>FCF</b></td>\n   <td><p><b>Cash On The Balance Sheet ($ Millions)</b></p></td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$171,309</td>\n   <td>$627,910</td>\n  </tr>\n  <tr>\n   <td>2027</td>\n   <td>$227,755</td>\n   <td>$855,665</td>\n  </tr>\n  <tr>\n   <td>2028</td>\n   <td>$302,801</td>\n   <td>$1,158,466</td>\n  </tr>\n  <tr>\n   <td>2029</td>\n   <td>$402,574</td>\n   <td>$1,561,040</td>\n  </tr>\n  <tr>\n   <td>2030</td>\n   <td>$535,221</td>\n   <td>$2,096,261</td>\n  </tr>\n </tbody>\n</table>\n<p>Even if Amazon's FCF growth rate slows significantly in 2027, by 2030 it will likely have $1+ trillion in cash, barring massive buybacks and dividends.</p>\n<p>What kind of income could Amazon eventually generate? Sufficient for a single share to potentially fund a rich retirement if your time horizon is long enough.</p>\n<p>Amazon Potential Inflation-Adjusted Future Dividends Per Share</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Year</b></td>\n   <td><b>AMZN Dividend Per Share (10% CAGR Growth)</b></td>\n   <td><b>AMZN Dividend Per Share (12.5% CAGR Growth)</b></td>\n   <td><b>AMZN Dividend Per Share (15% CAGR Growth)</b></td>\n   <td><b>AMZN Dividend Per Share (17.5% CAGR Growth)</b></td>\n   <td><p><b>AMZN Dividend Per Share (20% CAGR Growth)</b></p></td>\n  </tr>\n  <tr>\n   <td>2021</td>\n   <td>$35.57</td>\n   <td>$35.57</td>\n   <td>$35.57</td>\n   <td>$35.57</td>\n   <td>$35.57</td>\n  </tr>\n  <tr>\n   <td>2026</td>\n   <td>$52.26</td>\n   <td>$58.59</td>\n   <td>$65.53</td>\n   <td>$73.10</td>\n   <td>$81.36</td>\n  </tr>\n  <tr>\n   <td>2031</td>\n   <td>$76.78</td>\n   <td>$96.53</td>\n   <td>$120.73</td>\n   <td>$150.26</td>\n   <td>$186.14</td>\n  </tr>\n  <tr>\n   <td>2036</td>\n   <td>$112.82</td>\n   <td>$159.02</td>\n   <td>$222.43</td>\n   <td>$308.85</td>\n   <td>$425.85</td>\n  </tr>\n  <tr>\n   <td>2041</td>\n   <td>$165.77</td>\n   <td>$261.98</td>\n   <td>$409.82</td>\n   <td>$634.84</td>\n   <td>$974.23</td>\n  </tr>\n  <tr>\n   <td>2046</td>\n   <td>$243.57</td>\n   <td>$431.60</td>\n   <td>$755.06</td>\n   <td>$1,304.89</td>\n   <td>$2,228.81</td>\n  </tr>\n  <tr>\n   <td>2051</td>\n   <td>$357.88</td>\n   <td>$711.04</td>\n   <td>$1,391.16</td>\n   <td>$2,682.15</td>\n   <td>$5,098.98</td>\n  </tr>\n  <tr>\n   <td>2056</td>\n   <td>$525.84</td>\n   <td>$1,171.39</td>\n   <td>$2,563.12</td>\n   <td>$5,513.05</td>\n   <td>$11,665.22</td>\n  </tr>\n  <tr>\n   <td>2061</td>\n   <td>$772.63</td>\n   <td>$1,929.81</td>\n   <td>$4,722.38</td>\n   <td>$11,331.89</td>\n   <td>$26,687.21</td>\n  </tr>\n  <tr>\n   <td>2066</td>\n   <td>$1,135.25</td>\n   <td>$3,179.25</td>\n   <td>$8,700.67</td>\n   <td>$23,292.29</td>\n   <td>$61,053.86</td>\n  </tr>\n  <tr>\n   <td>2071</td>\n   <td>$1,668.06</td>\n   <td>$5,237.65</td>\n   <td>$16,030.42</td>\n   <td>$47,876.46</td>\n   <td>$139,676.45</td>\n  </tr>\n </tbody>\n</table>\n<p>A single share of Amazon could, with a long enough time frame, fund a comfortable retirement, with dividends alone.</p>\n<p>For context, the average social security benefit in 2021 is $1,543 per month = $18,516.</p>\n<p>A modest position in Amazon of 14 shares today, under my base case (15% future dividend growth) scenario will equal social security payments within 30 years, adjusted for inflation.</p>\n<p>I own over 73 shares of Amazon and counting which means $1.2 million in potential inflation-adjusted annual dividends in 50 years. This is my Jeff Bezos retirement plan.</p>\n<p><b>Reason 3: A Wonderful Company At A Wonderful Price And The Potential For 290% Returns In The Next 5 Years</b></p>\n<p>With Amazon near its all-time highs, many investors think it must be overvalued. However, its actually 17% undervalued.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7d25c26202284b932556a32c78e613d7\" tg-width=\"640\" tg-height=\"449\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<ul>\n <li>billions of investors over 20 years have concluded 24 to 26x cash flow is fair value for Amazon</li>\n <li>91% statistical probability this is a reasonable estimate of intrinsic value</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d40651c431f16a1b854c8e11ee99f6ed\" tg-width=\"640\" tg-height=\"338\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<ul>\n <li>23.9x forward cash flow = 0.64 PEG = hyper-growth at a very attractive price</li>\n <li>24.2 EV/EBITDA vs 34.8 13-year median = AMZN potentially 30% undervalued</li>\n</ul>\n<table>\n <tbody>\n  <tr>\n   <td><b>Metric</b></td>\n   <td><b>Historical Fair Value Multiple (13-years)</b></td>\n   <td><b>2021</b></td>\n   <td><b>2022</b></td>\n   <td><b>2023</b></td>\n   <td><b>2024</b></td>\n   <td><b>2025</b></td>\n   <td><b>2026</b></td>\n  </tr>\n  <tr>\n   <td>Owner Earnings (Buffett Smoothed Out FCF)</td>\n   <td>26.10</td>\n   <td>$4,210.22</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td>Operating Cash Flow</td>\n   <td>25.10</td>\n   <td>$3,714.47</td>\n   <td>$4,456.98</td>\n   <td>$5,210.94</td>\n   <td>$7,885.17</td>\n   <td>$9,359.29</td>\n   <td>$10,889.13</td>\n  </tr>\n  <tr>\n   <td>Free Cash Flow</td>\n   <td>58.32</td>\n   <td>$3,748.49</td>\n   <td>$5,880.49</td>\n   <td>$7,213.57</td>\n   <td>$11,998.76</td>\n   <td>$15,138.12</td>\n   <td>$18,306.06</td>\n  </tr>\n  <tr>\n   <td>EBITDA</td>\n   <td>39.96</td>\n   <td>$5,911.02</td>\n   <td>$7,290.23</td>\n   <td>$8,882.35</td>\n   <td>NA</td>\n   <td>NA</td>\n   <td>NA</td>\n  </tr>\n  <tr>\n   <td><b>Average</b></td>\n   <td><b>$4,243.20</b></td>\n   <td><b>$5,643.44</b></td>\n   <td><b>$6,770.26</b></td>\n   <td><b>$9,516.45</b></td>\n   <td><b>$11,567.10</b></td>\n   <td>$13,655.48</td>\n  </tr>\n  <tr>\n   <td>Current Price</td>\n   <td>$3,503.82</td>\n  </tr>\n  <tr>\n   <td><p><b>Discount To Fair Value</b></p></td>\n   <td><b>17.43%</b></td>\n   <td><b>37.91%</b></td>\n   <td><b>48.25%</b></td>\n   <td><b>63.18%</b></td>\n   <td><b>69.71%</b></td>\n   <td>74.34%</td>\n  </tr>\n  <tr>\n   <td><b>Upside To Fair Value</b></td>\n   <td><b>21.10%</b></td>\n   <td><b>61.07%</b></td>\n   <td><b>93.23%</b></td>\n   <td><b>171.60%</b></td>\n   <td><b>230.13%</b></td>\n   <td>289.73%</td>\n  </tr>\n </tbody>\n</table>\n<ul>\n <li>290% consensus return potential over the next five years</li>\n <li>$13,655 consensus price in 2026</li>\n <li>$6.6 trillion market cap (assuming no buybacks)</li>\n <li>6.6x sales</li>\n <li>26% CAGR consensus return potential</li>\n</ul>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Morningstar Fair Value</b></p></td>\n  </tr>\n  <tr>\n   <td>$4,200.00</td>\n  </tr>\n  <tr>\n   <td><p><b>Discount To MS FV Estimate</b></p></td>\n  </tr>\n  <tr>\n   <td><b>16.58%</b></td>\n  </tr>\n  <tr>\n   <td><p>Upside To MS FV</p></td>\n  </tr>\n  <tr>\n   <td>19.87%</td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Analyst Median 12-Month Price Target</b></p></td>\n  </tr>\n  <tr>\n   <td>$4,249.17</td>\n  </tr>\n  <tr>\n   <td><p><b>Discount To Price Target</b></p></td>\n  </tr>\n  <tr>\n   <td><b>17.54%</b></td>\n  </tr>\n  <tr>\n   <td><p>Upside To Price Target</p></td>\n  </tr>\n  <tr>\n   <td>21.27%</td>\n  </tr>\n </tbody>\n</table>\n<p>Basically, all the experts agree, AMZN is modestly undervalued, with significantly short-term upside potential, 100% justified by some of the best fundamentals on Wall Street.</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Rating</b></td>\n   <td><b>Margin Of Safety For 12/12 Ultra SWAN Quality Companies</b></td>\n   <td><b>2020 Price</b></td>\n   <td><b>2021 Price</b></td>\n   <td><b>2022 Price</b></td>\n  </tr>\n  <tr>\n   <td>Potentially Reasonable Buy</td>\n   <td>0%</td>\n   <td>$3,409.22</td>\n   <td>$4,243.20</td>\n   <td>$5,643.44</td>\n  </tr>\n  <tr>\n   <td>Potentially Good Buy</td>\n   <td>5%</td>\n   <td>$3,238.76</td>\n   <td>$4,031.04</td>\n   <td>$5,361.27</td>\n  </tr>\n  <tr>\n   <td><i><b>Potentially Strong Buy</b></i></td>\n   <td><i><b>15%</b></i></td>\n   <td><i><b>$2,897.84</b></i></td>\n   <td><i><b>$3,606.72</b></i></td>\n   <td><i><b>$4,796.92</b></i></td>\n  </tr>\n  <tr>\n   <td>Potentially Very Strong Buy</td>\n   <td>25%</td>\n   <td>$2,429.07</td>\n   <td>$3,182.40</td>\n   <td>$4,232.58</td>\n  </tr>\n  <tr>\n   <td>Potentially Ultra-Value Buy</td>\n   <td>35%</td>\n   <td>$2,216.00</td>\n   <td>$2,758.08</td>\n   <td>$3,668.23</td>\n  </tr>\n  <tr>\n   <td><b>Currently</b></td>\n   <td><b>$3,503.82</b></td>\n   <td><b>-2.77%</b></td>\n   <td><b>17.43%</b></td>\n   <td><b>37.91%</b></td>\n  </tr>\n  <tr>\n   <td><p>Upside To Fair Value (Not Including Dividends)</p></td>\n   <td>-2.70%</td>\n   <td>21.10%</td>\n   <td>61.07%</td>\n  </tr>\n </tbody>\n</table>\n<p>AMZN is a potentially strong buy for anyone comfortable with its risk profile.</p>\n<p>And here's what investors buying AMZN today can reasonably expect as far as total returns are concerned.</p>\n<ul>\n <li>5-year consensus return potential range: 18% to 35% CAGR</li>\n</ul>\n<p>AMZN 2023 Consensus Total Return Potential (Using The Most Conservative Metric)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3caa57b1226a0fc30b132d34d01c01b\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>AMZN 2026 Consensus Total Return Potential (Using The Most Conservative Metric)</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/258cec5540c56ae6304277f278329aea\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"><span>(Source: FAST Graphs, FactSet Research)</span></p>\n<p>For context, Cathie Wood at ARKK and private equity strive for 15% CAGR total returns over time.</p>\n<ul>\n <li>double your money every 5 years</li>\n</ul>\n<p>ARK Innovation ETF Valuation: 106x Earnings And Rising By The Day</p>\n<p><i>(Source: Morningstar)</i></p>\n<p>106x forward earnings for companies growing at 17.7% CAGR = 6.0 PEG.</p>\n<p>OCF PEG of 2.4 at ARKK.</p>\n<p>AMZN OCF PEG of 0.64.</p>\n<p>ARKK is paying 4x as much for growth as Amazon investors buying today.</p>\n<p>There is a 91% statistical probability that ARKK investors see terrible returns in the coming 10 to 20 years.</p>\n<p>Over the long-term analysts expect:</p>\n<ul>\n <li>0% yield + 37.2% growth = 37.2% CAGR total return potential</li>\n <li>21% to 50% CAGR range</li>\n <li>vs 7.9% S&amp;P 500 and 11.0% aristocrats and 16.5% Nasdaq</li>\n</ul>\n<p>AMZN has consistently delivered 26% to 27 CAGR long-term returns.</p>\n<p>The low end of the 26.7% to 38.1% CAGR growth consensus range.</p>\n<p>AMZN Vs S&amp;P 500 Vs Aristocrats Inflation-Adjusted Long-Term Return Forecast: $1,000 Initial Investment</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Time Frame (Years)</b></td>\n   <td><b>5.9% LT Inflation-Adjusted Returns (S&amp;P Consensus)</b></td>\n   <td><b>9.0% Inflation-Adjusted Returns (Aristocrat consensus)</b></td>\n   <td><b>24% Inflation-Adjusted Returns (AMZN historical return)</b></td>\n   <td><b>35.2% Inflation-Adjusted Returns (AMZN Consensus)</b></td>\n  </tr>\n  <tr>\n   <td>5</td>\n   <td>$1,331.93</td>\n   <td>$1,538.62</td>\n   <td>$2,931.63</td>\n   <td>$4,517.35</td>\n  </tr>\n  <tr>\n   <td>10</td>\n   <td>$1,774.02</td>\n   <td>$2,367.36</td>\n   <td>$8,594.43</td>\n   <td><b>$20,406.42</b></td>\n  </tr>\n  <tr>\n   <td>15</td>\n   <td>$2,362.87</td>\n   <td>$3,642.48</td>\n   <td><b>$25,195.63</b></td>\n   <td>$92,182.90</td>\n  </tr>\n  <tr>\n   <td>20</td>\n   <td>$3,147.16</td>\n   <td>$5,604.41</td>\n   <td>$73,864.15</td>\n   <td>$416,422.16</td>\n  </tr>\n  <tr>\n   <td>25</td>\n   <td>$4,191.79</td>\n   <td>$8,623.08</td>\n   <td>$216,541.99</td>\n   <td>$1,881,123.42</td>\n  </tr>\n  <tr>\n   <td>30</td>\n   <td>$5,583.14</td>\n   <td>$13,267.68</td>\n   <td>$634,819.93</td>\n   <td>$8,497,687.35</td>\n  </tr>\n  <tr>\n   <td>35</td>\n   <td>$7,436.33</td>\n   <td>$20,413.97</td>\n   <td>$1,861,054.03</td>\n   <td>$38,387,002.96</td>\n  </tr>\n  <tr>\n   <td>40</td>\n   <td>$9,904.63</td>\n   <td>$31,409.42</td>\n   <td>$5,455,912.62</td>\n   <td>$173,407,415.00</td>\n  </tr>\n  <tr>\n   <td>45</td>\n   <td>$13,192.23</td>\n   <td>$48,327.29</td>\n   <td>$15,994,690.19</td>\n   <td>$783,341,476.50</td>\n  </tr>\n  <tr>\n   <td>50</td>\n   <td>$17,571.06</td>\n   <td>$74,357.52</td>\n   <td>$46,890,434.61</td>\n   <td>$3,538,625,316.57</td>\n  </tr>\n </tbody>\n</table>\n<table>\n <tbody>\n  <tr>\n   <td><b>Time Frame (Years)</b></td>\n   <td><b>Ratio S&amp;P vs Aristocrat Consensus</b></td>\n   <td><b>Ratio S&amp;P vs AMZN Historical Return</b></td>\n   <td><p><b>Ratio S&amp;P vs AMZN Consensus</b></p></td>\n  </tr>\n  <tr>\n   <td>5</td>\n   <td>1.16</td>\n   <td>2.20</td>\n   <td>3.39</td>\n  </tr>\n  <tr>\n   <td>10</td>\n   <td>1.33</td>\n   <td>4.84</td>\n   <td><b>11.50</b></td>\n  </tr>\n  <tr>\n   <td>15</td>\n   <td>1.54</td>\n   <td><b>10.66</b></td>\n   <td>39.01</td>\n  </tr>\n  <tr>\n   <td>20</td>\n   <td>1.78</td>\n   <td>23.47</td>\n   <td>132.32</td>\n  </tr>\n  <tr>\n   <td>25</td>\n   <td>2.06</td>\n   <td>51.66</td>\n   <td>448.76</td>\n  </tr>\n  <tr>\n   <td>30</td>\n   <td>2.38</td>\n   <td>113.70</td>\n   <td>1522.03</td>\n  </tr>\n  <tr>\n   <td>35</td>\n   <td>2.75</td>\n   <td>250.27</td>\n   <td>5162.09</td>\n  </tr>\n  <tr>\n   <td>40</td>\n   <td>3.17</td>\n   <td>550.84</td>\n   <td>17507.71</td>\n  </tr>\n  <tr>\n   <td>45</td>\n   <td>3.66</td>\n   <td>1212.43</td>\n   <td>59379.01</td>\n  </tr>\n  <tr>\n   <td>50</td>\n   <td>4.23</td>\n   <td>2668.62</td>\n   <td>201389.38</td>\n  </tr>\n </tbody>\n</table>\n<p>Over the next 10 to 15 years, Amazon, if it grows as expected, it could deliver 10 to 12x the returns of the S&amp;P 500 and turn $1 into about $20 to $25, in inflation-adjusted terms.</p>\n<p>Risk Profile: Why Amazon Isn't Right For Everyone</p>\n<p>No company is right for everyone, and all have complex risk profiles that investors must understand and be comfortable with.</p>\n<p>Fundamental Risk Profile</p>\n<p><b>We believe that the uncertainty for Amazon is high and that despite being an e-commerce leader, the company faces a variety of risks.</b></p>\n<p>Amazon must protect its leading online retailing position, which can be challenging as consumer preferences change, especially post-COVID-19 (as consumers may revert back to prior behaviors), and traditional retailers bolster their online presence.</p>\n<p>Maintaining an e-commerce edge has pushed the company to make investments in non-traditional areas, such as producing content for its Prime Video subscriptions and building out its own transportation network.</p>\n<p>Similarly, the company must also maintain an attractive value proposition for its third-party sellers. Some of these investment areas have raised investor questions in the past, and we expect management to continue to invest according to its strategy, despite periodic margin pressure from increased spending.</p>\n<p>The company must also continue to invest in new offerings. AWS, transportation, and physical stores (both Amazon branded and Whole Foods) are three notable areas of investment. These decisions require capital allocation and management focus and may play out over a period of years rather than quarters.</p>\n<p><b>Continued international expansion will likely require similar investment and management attention but will also increase exposure to different regulatory environments.</b></p>\n<p>Some countries have instituted or may institute protectionist policies. Even domestically over the last several years, lawmakers from both parties have increasingly focused on the amount of market power large technology companies have accrued.</p>\n<p><b>Antitrust, data privacy, and section 230 have been repeatedly invoked.</b></p>\n<p>From an ESG perspective, data breaches and service outages are a concern for any type of cloud service provider. As a retailer, Amazon has personal information for hundreds of millions of consumers around the world, while AWS hosts proprietary mission critical data for enterprises.\" - Morningstar (emphasis added)</p>\n<ul>\n <li>regulatory/political risk (domestic and international)</li>\n <li>disruption risk from major tech competitors (like GOOG, FB, and MSFT)</li>\n <li>complex ESG risk (such as 150% annual turnover at fulfillment centers)</li>\n</ul>\n<p>Material Financial ESG Risk Analysis: How Large Institutions Measure Total Risk</p>\n<ul>\n <li>5 High-Yield ESG Blue-Chips For A Safe And Prosperous Retirement</li>\n</ul>\n<p>Here is a special report that outlines the most important aspects of understanding long-term ESG financial risks for your investments.</p>\n<p>The bottom line is that ESG is NOT about politics or personal ethical opinions.</p>\n<p>Among institutions that factor ESG into their safety models and ratings are:</p>\n<ul>\n <li>BlackRock</li>\n <li>MSCI</li>\n <li>Morningstar</li>\n <li>Reuters</li>\n <li>S&amp;P</li>\n <li>Fitch</li>\n <li>Moody's</li>\n <li>DBRS</li>\n <li>AM Best</li>\n <li>Bank of America</li>\n <li>Bloomberg</li>\n <li>FactSet Research</li>\n <li>Wells Fargo</li>\n <li>NAREIT</li>\n <li>State Street</li>\n <li>and many, many more</li>\n</ul>\n<p>Quality companies have always practiced ESG risk management long before it was popular among investors.</p>\n<blockquote>\n If you use\n <b>ESG scores that inherently tilts a portfolio to quality.</b>\" - NYU study\n <b>The overlap between ESG, especially measures related to the ‘G’ [or governance], and quality is pretty large.</b>” - Research AffiliatesCompanies with strong ESG profiles may be better positioned for future challenges and experience\n <b>fewer instances of bribery, corruption, and fraud.</b>\" - MSCI (Emphasis added)\n</blockquote>\n<p>Bank of America's research finds that ESG metrics also help improve the long-term profitability and outcomes at companies.</p>\n<blockquote>\n We find that companies with greater gender diversity at the board/management level typically see\n <b>higher ROE and lower earnings risk than peers.</b>Moreover, based on disclosure data from ICE, we find gender diversity in management is associated with a ~20% premium on P/E on an overall and sector-neutral basis.Ethnic and racial workforce diversity shows similarly strong results:\n <b>higher ROE, lower risk, and significant premia on P/E</b>and P/BV.\" - Bank of America (emphasis original)\n</blockquote>\n<p>Dividend Aristocrats Are Strong ESG Companies</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8ba2655b83e526b8e213206a1ab9198b\" tg-width=\"640\" tg-height=\"378\" referrerpolicy=\"no-referrer\"><span>(Source: Morningstar)</span></p>\n<p><img src=\"https://static.tigerbbs.com/28a7f31cdc8acde82fce95672b754655\" tg-width=\"1170\" tg-height=\"666\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8bd8a315f9194c3b0d9bcec080ea0bfa\" tg-width=\"900\" tg-height=\"872\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b96207809e8a57c16c394e25bcfeb69f\" tg-width=\"902\" tg-height=\"814\" referrerpolicy=\"no-referrer\"></p>\n<p>Analyst firm McKinsey has done several studies on this topic and concluded that between 25% and 60% of cash flows are affected by ESG risk.</p>\n<p>It also did a meta-analysis of over 2,000 studies and found the ESG risk mitigation was 8X as likely to boost a company’s bottom line as hurt it.</p>\n<p>AMZN's ESG Risk Management Consensus</p>\n<table>\n <tbody>\n  <tr>\n   <td><b>Rating Agency</b></td>\n   <td><b>Industry Percentile</b></td>\n   <td><p><b>Rating Agency Classification</b></p></td>\n  </tr>\n  <tr>\n   <td>MSCI</td>\n   <td>62.0%</td>\n   <td>BBB Average</td>\n  </tr>\n  <tr>\n   <td>Morningstar/Sustainalytics</td>\n   <td>0.2%</td>\n   <td><p>30.9/100 High Risk</p></td>\n  </tr>\n  <tr>\n   <td>Reuters'/Refinitiv</td>\n   <td>98.9%</td>\n   <td>Excellent</td>\n  </tr>\n  <tr>\n   <td>S&amp;P</td>\n   <td>21.0%</td>\n   <td>Very Poor</td>\n  </tr>\n  <tr>\n   <td><b>Consensus</b></td>\n   <td><b>45.5%</b></td>\n   <td><b>Average</b></td>\n  </tr>\n </tbody>\n</table>\n<p><i>(Sources: Morningstar, Reuters'/Refinitiv)</i></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/383c86f90f296e1f90c7ee721055c42a\" tg-width=\"640\" tg-height=\"258\" referrerpolicy=\"no-referrer\"><span>(Source: FactSet Research Terminal)</span></p>\n<p><img src=\"https://static.tigerbbs.com/9a3948c69cba266c64b5a3b009bf8bf9\" tg-width=\"640\" tg-height=\"457\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5734b4bb5a582aa664d93b28ff40ac08\" tg-width=\"640\" tg-height=\"288\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/add8dd4cf4f17241a15cf13b0f82bfd1\" tg-width=\"640\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/c6aee376fed18fa80819cb50999f4abc\" tg-width=\"640\" tg-height=\"171\" referrerpolicy=\"no-referrer\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6d01e14a5abc80d7e4def3b61dcc45fa\" tg-width=\"640\" tg-height=\"369\" referrerpolicy=\"no-referrer\"><span>(Source: Morningstar)</span></p>\n<ul>\n <li><p>0.2th percentile for its industry (472nd best out of 473 retailers)</p></li>\n <li><p>39th percentile among all rated companies (14,143)</p></li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8f0db304e0b3a9935543e509ab1121a\" tg-width=\"640\" tg-height=\"327\"><span>(Source: Reuters'/Refinitiv)</span></p>\n<ul>\n <li>an industry leader in all long-term risk management metrics</li>\n</ul>\n<p>How We Monitor AMZN's Risk Profile</p>\n<ul>\n <li>51 analysts</li>\n <li>3 credit rating agencies</li>\n <li>7 total risk rating agencies</li>\n <li>58 total experts who collectively know this business better than anyone other than management</li>\n</ul>\n<p>Rest assured that if Amazon's thesis weakens, strengthens, or shatters, we'll know about it and so DK members and my SA readers.</p>\n<p><b>Bottom Line: Amazon Is The Ultimate Rich Retirement Dream Stock</b></p>\n<p>My Real Money Phoenix Retirement Portfolio (Tracked Daily In Our Real Money Phoenix Portfolio Tool)</p>\n<p><img src=\"https://static.tigerbbs.com/b8d6d875cd0b73cdf40d8cc66404c656\" tg-width=\"640\" tg-height=\"249\"></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ac05bb3c7d43680ed5fed99d03a08a2\" tg-width=\"640\" tg-height=\"147\"><span>(Source: Morningstar)</span></p>\n<p>Do you know what ETF or mutual fund offers a 3.5% very safe yield, with 15.5% growth and that's also 13% undervalued? All from a collection of blue-chips that matches the dividend aristocrats for quality and safety?</p>\n<p>None, because only through prudent stock picking and active management can you achieve fundamentals like this.</p>\n<table>\n <colgroup></colgroup>\n <tbody>\n  <tr>\n   <td><b>DS Phoenix Portfolio Fundamentals</b></td>\n  </tr>\n  <tr>\n   <td><b>Yield</b></td>\n   <td><b>3.53%</b></td>\n  </tr>\n  <tr>\n   <td><b>LT Growth Forecast</b></td>\n   <td><b>15.51%</b></td>\n  </tr>\n  <tr>\n   <td>Discount To Fair Value</td>\n   <td>13%</td>\n  </tr>\n  <tr>\n   <td>5-Year Annual Valuation Boost</td>\n   <td>2.82%</td>\n  </tr>\n  <tr>\n   <td><b>5-Year Consensus Total Return Potential</b></td>\n   <td><b>21.86%</b></td>\n  </tr>\n  <tr>\n   <td><b>5-Year Risk-Adjusted Expected Total Return</b></td>\n   <td><b>15.98%</b></td>\n  </tr>\n  <tr>\n   <td><i><b>LT Consensus Total Return Potential</b></i></td>\n   <td><i><b>19.04%</b></i></td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500 5-Year Risk-Adjusted Expected Return</td>\n   <td>3.60%</td>\n  </tr>\n  <tr>\n   <td>DK Video Phoenix Risk-Adjusted Return/S&amp;P 500 Risk-Adjusted Expected Return</td>\n   <td>4.44</td>\n  </tr>\n  <tr>\n   <td>S&amp;P 500 Consensus LT Total Return Potential</td>\n   <td>7.9%</td>\n  </tr>\n  <tr>\n   <td>Dividend Aristocrats Consensus LT Total Return Potential</td>\n   <td>11.0%</td>\n  </tr>\n  <tr>\n   <td>DS Phoenix LT Consensus Total Return Potential/S&amp;P 500 Consensus LT Total Return Potential</td>\n   <td>2.41</td>\n  </tr>\n  <tr>\n   <td>DS Phoenix LT Consensus Total Return Potential/Dividend Aristocrats Consensus LT Total Return Potential</td>\n   <td>1.73</td>\n  </tr>\n </tbody>\n</table>\n<p>Amazon is the heart of my 28% growth allocation, and by combining it with high-yield blue-chips, you can have your cake and eat it too.</p>\n<ul>\n <li>8 Safe Dividend Stocks Yielding Over 6%</li>\n</ul>\n<p>If you buy Amazon in equal amounts with something likeBritish American Tobacco(BTI), here is the synthetic company you create.</p>\n<ul>\n <li>4% safe yield growing about 4.3% over time</li>\n <li>growth consensus of 21% CAGR</li>\n <li>33% discount to fair value</li>\n</ul>\n<p>Does that sound like a good way to combine growth, value, and yield? I think so, and that's why I've invested nearly $350,000 into that specific combination so far.</p>\n<p>Amazon is very likely to eventually have to pay a dividend. That's not speculation, its simple math. Big institutional investors simply won't stand for a company amassing a $1+ trillion cash pile.</p>\n<p>That day may be far into the future, possibly 2030 or so.</p>\n<p>But whenever Amazon finally starts paying dividends and buying back stock by the boatload, doesn't matter.</p>\n<p>Long-term investors buying Amazon today for pure growth, quality, and attractive valuation, are likely to be rolling in safe, and exponentially growing income in the years and decades to come.</p>\n<p>While there are many great hyper-growth stocks to choose from, none offer Amazon's incredible combination of quality, safety, growth, valuation, and future dividend potential that can allow a single share to possibly fund a rich retirement.</p>\n<p>That's why I keep buying Amazon steadily, as long as its undervalued and its thesis remains intact.</p>\n<p>If a small position in Amazon today can lead to a rich retirement in a few decades, then imagine how golden our golden years will be, if we own a large position, constructed over many years, and through several market downturns.</p>\n<p>Because to quote Frasier Crane</p>\n<blockquote>\n If less is more, then imagine how much more, more is.\n</blockquote>","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 Reasons Amazon Could Quadruple Within 5 Years</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 Reasons Amazon Could Quadruple Within 5 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 21:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437187-3-reasons-amazon-could-quadruple-within-5-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nImagine a company so wonderful, that a single share bought today, might be able to fund a rich retirement decades from now. Amazon is that company.\nAmazon's empire of businesses, including ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437187-3-reasons-amazon-could-quadruple-within-5-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4437187-3-reasons-amazon-could-quadruple-within-5-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102107523","content_text":"Summary\n\nImagine a company so wonderful, that a single share bought today, might be able to fund a rich retirement decades from now. Amazon is that company.\nAmazon's empire of businesses, including high margin AWS and advertising are expected to drive massive margin expansion leading to 33% annual free cash flow growth through 2026.\n$171 billion in annual free cash flow and $628 billion in cash on the balance sheet, means that Amazon will likely be forced by institutional investors to pay dividends.\nAmazon's 17% discount to fair value, and hyper-growth through 2026, means analysts think it could deliver 290% returns, nearly quadrupling your investment in five years.\nThose 26% CAGR consensus returns are what Amazon has delivered with incredible consistency for over 20 years. Combined with the potential to become the biggest dividend payer in history, Amazon is the ultimate rich retirement dream stock. That's why I've invested almost $250,000 into the best hyper-growth Ultra SWAN on earth, in all of my retirement portfolios. As long as Amazon remains undervalued, and the thesis intact, I'll keep buying my highest conviction recommendation of all time.\n\nAndrey Maximenko/iStock via Getty Images\nToday the market is highly overvalued, that's no secret.\n\nThat means that future returns are likely to be far lower than the 14% CAGR investors have enjoyed over the last decade.\nFor context, here's the return potential of the 32% overvalued S&P 500.\nS&P 500 2023 Consensus Total Return Potential\n(Source: FAST Graphs, FactSet Research)\nS&P 500 2026 Consensus Total Return Potential\n(Source: FAST Graphs, FactSet Research)\nEven the venerable dividend aristocrats, which historically outperform the S&P 500 by 2% annually, are only expected to deliver about 6% CAGR total returns over the next five years.\nBut fear not, because it's always a market of stocks and not a stock market.\nNo matter what kind of investor you are, yield, value, quality, low volatility, maximum returns, ESG, etc., something great is always on sale, if you know where to look.\nToday I wanted to highlight Amazon (AMZN), my highest conviction recommendation ever.\nNot only does Amazon represent a wonderful company at a wonderful price, but there are three reasons why the world's greatest hyper-growth Ultra SWAN could nearly quadruple in the next five years.\nThat's right, 26% CAGR consensus return potential, even with the market 32% overvalued.\nAmazon Total Returns Since 1998\n\n(Source: Portfolio Visualizer)\nThat's actually the returns Amazon investors have seen with clockwork-like regularity over the past 20 years.\nBut wait, it gets better. Not only does Amazon have the potential to deliver Buffett-line returns over the next five years, but it's also likely to become one of the greatest dividend growth blue-chips in the world. In fact, Amazon is eventually likely to become the biggest dividend payer in world history.\nSo here are the three reasons why I've invested almost $250,000 into Amazon across my retirement portfolios, on the way to eventually investing millions into what I call my \"Jeff Bezos retirement plan\".\nReason 1: Exceptional Quality And Safety\nMy motto is \"Safety and quality first, and prudent valuation and sound risk management always.\"\nThe Dividend King's overall quality scores factor in 188 fundamental metrics covering.\n\ndividend safety\nbalance sheet strength\nshort and long-term bankruptcy risk\naccounting and corporate fraud risk\nprofitability and business model\ngrowth consensus estimates\ncost of capital\nlong-term sustainability (ESG scores and trends from MSCI, Morningstar, S&P, FactSet, and Reuters'/Refinitiv)\nmanagement quality\ndividend friendly corporate culture/income dependability\nlong-term total returns (a Ben Graham sign of quality)\n\nIt actually includes over 1,000 metrics if you count everything factored in by nine rating agencies we use to assess fundamental risk.\nHow do we know that our safety and quality model works well?\nDuring the 2 worst recessions in 75 years, our safety model predicted 6 blue-chip dividend cuts on the Phoenix list.\nThere were 5, meaning we did very well during the ultimate baptism by fire for any dividend safety model.\nAnd then there's the confirmation that our quality ratings are very accurate.\nIn the past decade, just 42% of all stocks made money, including dividends.\n\n100% Of Phoenix Recs, Past And Present, Have Made Money Over The Last Decade\n(Seeking Alpha)\n\nDK Phoenix: A Great Blue-Chip Stock Picking System\n\n\n\nMetric\nUS Stocks\nPhoenix\n\n\nPositive Total Returns Over The Last 10 Years\n42%\n100%\n\n\nLost Money/Went Bankrupt\n47%\n0%\n\n\nOutperformed Market\n36%\n52%\n\n\nBankruptcies Over The Last 10 Years\n11%\n0%\n\n\nPermanent 70+% Catastrophic Decline\n40%\n0%\n\n\n\n(Sources: Morningstar, JPMorgan Asset Management, FactSet, Seeking Alpha)\nBasically, historical market data confirms that the DK safety and quality model is one of the most comprehensive and accurate in the world.\nPicking stocks is hard unless you have a comprehensive and accurate way of measuring risk, valuation, and long-term return potential, which DK Phoenix most certainly does.\nThis is why I entrust 100% of my life savings to this model and the DK Phoenix strategy.\nBalance Sheet Safety\n\n\n\nRating\nDividend Kings Safety Score (110 Safety Metric Model)\nApproximate Dividend Cut Risk (Average Recession)\nApproximate Dividend Cut Risk In Pandemic Level Recession\n\n\n1 (unsafe)\n0% to 20%\nover 4%\n16+%\n\n\n2 (below- average)\n21% to 40%\nover 2%\n8% to 16%\n\n\n3 (average)\n41% to 60%\n2%\n4% to 8%\n\n\n4 (safe)\n61% to 80%\n1%\n2% to 4%\n\n\n5 (very safe)\n81% to 100%\n0.5%\n1% to 2%\n\n\nAMZN\n88%\nA+ top AA credit ratings\n0.6% to 0.51% 30-year default/bankruptcy risk\n\n\n\nLong-Term Dependability\n\n\n\nCompany\nDK Long-Term Dependability Score\nInterpretation\nPoints\n\n\nS&P 500/Industry Average\n60%\nAverage Dependability\n2\n\n\nNon-Dependable Companies\n29% or below\nPoor Dependability\n1\n\n\nRelatively Dependable Companies\n29% to 64%\nBelow to Above-Average Dependability\n2\n\n\nVery Dependable Companies\n65% to 79%\nVery Dependable\n3\n\n\nExceptionally Dependable Companies\n80% or higher\nExceptional Dependability\n4\n\n\nAMZN\n80%\nExceptional Dependability\n4\n\n\n\nOverall Quality\n\n\n\nAMZN\nFinal Score\nRating\n\n\nSafety\n88%\n5/5\n\n\nBusiness Model\n80%\n3/3\n\n\nDependability\n80%\n4/4\n\n\nTotal\n83%\n12/12 Ultra SWAN\n\n\n\n(Source: DK Safety & Quality Tool) updated daily, sorted by overall quality\nThe DK 500 Master List includes the world's highest quality companies including:\n\nAll dividend champions\nAll dividend aristocrats\nAll dividend kings\nAll global aristocrats (such as BTI, ENB, and NVS)\nAll 12/12 Ultra Swans (as close to perfect quality as exists on Wall Street)\n\nAMZN: 123rd Highest Quality Master List Company (Out of 517) = 76th Percentile\n(Source: DK Safety & Quality Tool) updated daily, sorted by overall quality\nAMZN's 83% quality score means its similar in quality to such 11/12 Super Swans and 12/12 Ultra SWANs as:\n\nMerck (MRK)\nCardinal Health (CAH) - dividend aristocrat\nCostco (COST)\nGeneral Mills (GIS)\nNestle (OTCPK:NSRGY)\nMedtronic (MDT) - dividend aristocrat\nAtmos Energy (ATO) - dividend aristocrat\nBlackRock (BLK)\nAlphabet (GOOG)\nEnbridge (ENB) - global aristocrat\nAbbVie (ABBV) - dividend aristocrat\nBerkshire Hathaway (BRK.B)\n\nToday AMZN is of higher quality than 76% of the world's most elite companies.\nWhat makes Amazon so high quality?\nLet's start with its fortress balance sheet.\n(Source: GuruFocus Premium)\nAmazon's advanced accounting and solvency metrics all confirm almost zero short and long-term bankruptcy risk. They also confirm a significantly below 17.5% chance of accounting fraud.\nThese are numbers we can trust, and that's verified by not one, not two, but all three major credit rating agencies.\nAmazon Consensus Credit Rating\n\n\n\nRating Agency\nCredit Rating\n30-Year Default/Bankruptcy Risk\nChance of Losing 100% Of Your Investment 1 In\n\n\nS&P\nAA stable outlook\n0.51%\n196.1\n\n\nFitch\nAA- stable outlook\n0.55%\n181.8\n\n\nMoody's\nA1 (A+ equivalent) stable outlook\n0.67%\n149.3\n\n\nConsensus\nAA- stable outlook\n0.58%\n173.4\n\n\n\n(Sources: S&P, Fitch, Moody's)\nWarren Buffett defines fundamental risk as the probability of losing 100% of your investment, because of bankruptcy.\nJeff Bezos himself has said that his main goal is to push back Amazon's eventual bankruptcy for as long as possible.\nAccording to the rating agencies, he's done a masterful job of that, because the chance of Amazon going bankrupt over the next 30 years is 1 in 173.\nThe Bond Market Absolutely LOVES Amazon\n(Source: FactSet Research Terminal)\n\n$81 billion in liquidity\n1.96% average borrowing cost\n\"smart money\" on Wall Street, bond investors, are willing to lend to Amazon for 40 years at under 3%\nbetter terms than even the US treasury can get\n\nBut wait, it gets better.\nAMZN Balance Sheet Consensus Forecast\n\n\n\nYear\nDebt/EBITDA (3.0 Or Less Safe According To Rating Agencies)\nNet Debt/EBITDA\nInterest Coverage (8+ Safe)\n\n\n2020\n0.56\n-0.09\n13.90\n\n\n2021\n0.42\n-0.90\n21.00\n\n\n2022\n0.33\n-1.21\n27.63\n\n\n2023\n0.27\n-1.52\n37.61\n\n\n2024\n0.21\n-1.97\n47.99\n\n\n2025\n0.17\n-2.14\n58.03\n\n\n2026\n0.14\n-2.24\n79.57\n\n\n\n(Source: FactSet Research Terminal)\n\n$501 billion consensus net cash by 2026\n\nLeverage Safety Credit Rating Guidelines For Most Companies\n\n\n\nCredit Rating\nSafe Debt/EBITDA For Most Companies\n30-Year Default/Bankruptcy Risk\n\n\nBBB\n3.0 or less\n7.50%\n\n\nA-\n2.5 or less\n2.50%\n\n\nA\n2.0 or less\n0.66%\n\n\nA+\n1.8 or less\n0.60%\n\n\nAA\n1.5 or less\n0.51%\n\n\nAAA\n1.1 or less\n0.07%\n\n\n\n\nS&P recently upgraded AMZN from AA- to AA\nthe company is on track to join JNJ and MSFT as the only AAA-rated companies in America\n\nWithin a few years, Amazon could have three AAA-stable credit ratings, tying Microsoft (MSFT) for the strongest balance sheet in corporate America (JNJ has an AAA-negative outlook from Moody's).\nBut quality only begins with a strong balance sheet and low fundamental risk.\n\nWe assign Amazon an Exemplary Capital Allocation rating.\n\n\n The rating reflects our assessments of a sound balance sheet, exceptional investments, and appropriate shareholder distributions...\n\n\nManagement’s track record of investing in areas that investors were initially skeptical of but were ultimately vindicated has been remarkable...The results have been breathtaking.\n\n\n From humble beginnings, Mr. Bezos has built Amazon into one of the largest companies in the world. On the e-commerce side, the company has evolved from selling books to selling everything, including groceries, delivering purchases the same day they are ordered, and moving into retail categories that were long thought to be beyond the reach of online shopping.\n\n\n The stickiness of Prime members, the financial stability of subscriptions, the tech world shakeup via AWS, the Kindle—the innovation has been dramatic, and shareholders have been rewarded along the way. Ultimately,\n we assess investment as exceptional.\n\n\n Amazon’s capital deployment strategy centers around re-investing in the business and making generally small tuck-in acquisitions.\n The company does not pay a dividend or repurchase shares, nor do we expect them to over the next several years.\"- Morningstar (emphasis added)\n\nI define management quality by long-term capital allocation, as measured by profitability vs peers, as well as the dividend track record (for dividend stocks), and long-term total returns. And on that front, I agree with Morningstar 100% that Amazon has exceptional management quality.\n(Source: GuruFocus Premium)\nAmazon's profitability is historically in the top 20% of peers, confirming the wide and stable moat.\n\nAnd like Morningstar, I expect Amazon to keep plowing its rivers of profits back into more growth. When you're generating 19% cash returns on invested capital the best thing to do is slam the growth pedal to the floor.\nAnd that's exactly what analysts expect Amazon to do.\nAMZN Growth Spending Consensus Forecast\n\n\n\nYear\nSG&A\nR&D\nCapex\nTotal Growth Spending\nSales\nGrowth Spending/Sales\n\n\n2020\n$28,677\n$37,677\n$35,046\n$72,723\n$386,064\n18.84%\n\n\n2021\n$34,316\n$54,529\n$38,722\n$93,251\n$489,008\n19.07%\n\n\n2022\n$41,429\n$60,706\n$39,328\n$100,034\n$580,286\n17.24%\n\n\n2023\n$48,702\n$66,794\n$39,666\n$106,460\n$675,490\n15.76%\n\n\n2024\n$50,575\n$75,326\n$45,823\n$121,149\n$771,718\n15.70%\n\n\n2025\n$55,270\n$81,758\n$47,416\n$129,174\n$870,208\n14.84%\n\n\n2026\n$60,083\n$88,553\n$49,390\n$137,943\n$1,010,120\n13.66%\n\n\nAnnualized Growth\n13.12%\n15.31%\n5.88%\n11.26%\n17.39%\n-5.77%\n\n\n\n(Source: FactSet Research Terminal)\n\nAmazon's hiring binge, which has seen its workforce grow 37% CAGR since 1994, is expected to continue.\nWithin a few years, Amazon is likely to surpass Walmart as the largest private employer in America.\nEventually, it could surpass the Federal Government as the largest employer in America, and one day Amazon could even be the largest employer on earth.\nR&D spending is expected to reach almost $90 billion by 2026. Amazon is already the #1 company on earth when it comes to investing in innovation and new products. And that R&D spending is expected to double within 5 years.\nGrowth capex is expected to reach nearly $50 billion by 2026, as Amazon continues maximizing its logistical capabilities. For context, today Amazon has 57 fulfillment centers... in Philadelphia alone!\nAmazon has 77 planes in its Amazon Air businesses and soon it will have85.\nIn 2021 Amazon is expected to open a $1.5 billion air hub in Kentucky. For most companies, a $1.5 billion investment would be a huge deal. For Amazon, it's about 5% of its consensus 2021 capex.\nIn 2019 Amazon had 60,000 trucks delivering its packages, and the company hasordered 100,000 electric trucks, which would nearly triple its delivery fleet, already one of the largest on earth.\nGlobally, Amazon is making inroads into dozens of countries, including India where Bezos says the goal is to create over 1 million direct and indirect jobs by 2025 alone.\nThere are few companies on earth as capital intensive as Amazon is today. And yet its returns on capital are still industry-leading and improving rapidly.\nAMZN TTM Profitability Vs Peers\n\n\n\nMetric\nIndustry Percentile\nMajor Cyclical Retailers More Profitable Than AMZN (Out of 1058)\n\n\nOperating Margin\n66.48\n355\n\n\nNet Margin\n76.16\n252\n\n\nReturn On Equity\n90.94\n96\n\n\nReturn On Assets\n85.77\n151\n\n\nReturn On Capital\n75.61\n258\n\n\nAverage\n78.99\n222\n\n\n\n(Source: GuruFocus Premium)\n(Source: GuruFocus Premium)\nROC = Joel Greenblatt's gold standard proxy for quality and moatiness.\nEarnings before interest and taxes/all the money it takes to run the business.\nhistorically ROC about 2X that of its peers.\n\n\n\nDividend Kings Watchlist\nAverage ROC\n\n\nS&P 500\n13%\n\n\nDividend Champions\n83%\n\n\nDividend Aristocrats\n85%\n\n\nDividend Kings\n87%\n\n\nStrong ESG\n83%\n\n\nUltra SWANs\n87%\n\n\nLow Volatility\n87%\n\n\nDK 500 Master List\n106%\n\n\nForeign Dividend Stocks\n125%\n\n\nHyper-Growth\n154%\n\n\n\nYou'd think that all that growth spending would cause profit margins to shrink, but Amazon's economies of scale are so large, that profitability is expected to explode in the coming years.\nAMZN Profit Margin Consensus Forecast\n\n\n\nYear\nFCF Margin\nEBITDA Margin\nEBIT (Operating) Margin\nNet Margin\n\n\n2020\n8.0%\n14.8%\n5.9%\n5.5%\n\n\n2021\n7.7%\n15.4%\n7.0%\n5.8%\n\n\n2022\n10.2%\n16.2%\n8.1%\n6.6%\n\n\n2023\n11.7%\n17.1%\n9.6%\n7.8%\n\n\n2024\n14.2%\n19.1%\n11.0%\n9.1%\n\n\n2025\n16.1%\n20.7%\n12.1%\n10.6%\n\n\n2026\n17.0%\n22.2%\n14.7%\n12.3%\n\n\nAnnualized Growth\n13.26%\n6.92%\n16.27%\n14.20%\n\n\n\n(Source: FactSet Research Terminal)\nFCF margins are expected to more than double. Operating margins are expected to nearly triple.\nAmazon's 2026 consensus ROC is 60% to 68%, which is 8x its industry peers and 5x that of the S&P 500.\nWhat on earth can have analysts so bullish about Amazon's profitability prospects?\nAmazon Web Services Consensus Profitability Forecast\n\n\n\nYear\nAWS Consensus Sales\nAWS Consensus Operating Income\nAWS Consensus EBITDA\nAWS Consensus Operating Margin\nAWS Consensus EBITDA Margin\n\n\n2020\n$45,370\n$13,531\n$29,063\n29.82%\n64.06%\n\n\n2021\n$58,450\n$17,450\n$35,900\n29.85%\n61.42%\n\n\n2022\n$72,988\n$22,285\n$41,969\n30.53%\n57.50%\n\n\n2023\n$91,683\n$28,743\n$49,991\n31.35%\n54.53%\n\n\n2024\n$110,174\n$39,370\n$58,906\n35.73%\n53.47%\n\n\n2025\n$131,980\n$50,362\nNA\n38.16%\nNA\n\n\n2026\n$151,749\n$63,982\nNA\n42.16%\nNA\n\n\nAnnualized Growth\n22.29%\n29.56%\n19.32%\n5.94%\n-4.42%\n\n\n\n(Source: FactSet Research Terminal)\nAmazon Web Services is the largest cloud computing provider on earth, and those sales are expected to grow at over 22% annually through 2026.\nIf AWS were its own business in 2021, it would be ranked #53 on the Fortune 500, larger than Boeing.\n\nBy 2026, AWS's $152 billion in sales, would make it #15 on the Fortune 500.\nOperating margins at AWS are expected to increase by 40% in the next five years. And that's despite Amazon steadily reducing cloud computing prices as it has more than 70 times already.\nBut there is an even better business Amazon runs, with 70% operating margins according to analyst firm Piper Jaffray.\nAmazon Advertising Consensus Growth Forecast\n\n\n\nYear\nAdvertising Revenue\nTotal Sales\nAdvertising As % Of Sales\n\n\n2020\n$15,730\n$386,064\n4.07%\n\n\n2021\n$25,862\n$489,008\n5.29%\n\n\n2022\n$33,809\n$580,286\n5.83%\n\n\n2023\n$49,722\n$675,490\n7.36%\n\n\nAnnualized Growth\n46.76%\n17.39%\n21.79%\n\n\n\n(Source: FactSet Research Terminal)\nThe Wall Street Journal estimates Amazon generated $16 billion in ad revenue in 2020, #3 in the world behind Alphabet (GOOG) and Facebook (FB). That's 77% growth in advertising revenue in 2020, a terrible year for the advertising industry.\nThat ad business is expected to grow like a weed, more than tripling by 2023 alone.\nIn fact, by 2023, about 1/15th of Amazon's revenue is expected to be from digital ads.\n\nIn 2020 Amazon had 10.3% of the digital ad market, up from 7.8% the year before.\n\neMarketer estimates Amazon is already #2 in search ad spending revenue.\n\n This year, Amazon will control 76.2% of the nearly $24 billion e-commerce channel ad market. For comparison, No. 2 Walmart will capture just 6.5% of the market.\" - eMarketer\n\nAWS + Advertising Consensus Growth Forecast\n\n\n\nYear\nAdvertising Revenue\nAWS Revenue\nAWS + Advertising Revenue\nTotal Sales\nAWS + Advertising/Sales\n\n\n2020\n$15,730\n$45,370\n$61,100\n$386,064\n15.83%\n\n\n2021\n$25,862\n$58,450\n$84,312\n$489,008\n17.24%\n\n\n2022\n$33,809\n$72,988\n$106,797\n$580,286\n18.40%\n\n\n2023\n$49,722\n$91,683\n$141,405\n$675,490\n20.93%\n\n\nAnnualized Growth\n46.76%\n22.29%\n32.27%\n17.39%\n9.77%\n\n\n\n(Source: FactSet Research Terminal)\nAdvertising and AWS are the most lucrative parts of its business and those are expected to grow at 32% annually through 2023, and makeup 1/5th of company sales.\nAnd those sales are themselves growing at incredible rates, thanks to Amazon's other businesses.\n\n\n\nYear\nOnline Stores\nPhysical Stores\n3rd Party Sellers\nSubscription Services\nAWS\nAdvertising\nOther\n\n\n2020\n$197,349\n$16,224\n$80,437\n$25,207\n$45,370\n$15,730\n$21,477\n\n\n2021\n$247,062\n$16,271\n$105,072\n$32,067\n$58,450\n$25,862\n$32,329\n\n\n2022\n$291,435\n$16,818\n$128,177\n$38,992\n$72,988\n$33,809\n$42,937\n\n\n2023\n$307,114\n$17,128\n$155,835\n$44,961\n$91,683\n$49,722\n$52,000\n\n\n2024\n$318,497\n$16,750\n$169,642\n$52,868\n$110,174\nNA\n$63,637\n\n\n2025\n$473,794\n$19,738\n$189,999\n$58,948\n$131,980\nNA\n$67,563\n\n\n2026\nNA\nNA\nNA\nNA\n$151,749\nNA\nNA\n\n\nAnnual Growth\n19.14%\n4.00%\n18.76%\n18.52%\n22.29%\n46.76%\n25.76%\n\n\n\n(Source: FactSet Research Terminal)\nWhat's included in Amazon's \"other\" businesses, which are expected to generate almost $68 billion in sales by 2025?\nAmazon is an empire with\n\n over 40 subsidiaries, including Audible, Diapers.com, Goodreads, IMDb, Kiva Systems (now Amazon Robotics), Shopbop, TeachStreet, Twitch, and Zappos. -Wikipedia\n\nThat motley collection of companies is growing at 25% and by 2026 would be #46 on the Fortune 500.\nThe bottom line is Amazon is a glorious empire that combines into one of the world's highest quality and fundamentally safest companies.\nIt's also one of the fastest-growing.\nReason 2: Long-Term Growth Potential To Make Grown Men Weep With Joy\nWhat does 17% organic revenue growth combined with extreme multiple expansion get you?\nAMZN Profit Growth Consensus Forecast\n\n\n\nYear\nSales\nFCF\nEBITDA\nEBIT (Operating Income)\nNet Income\n\n\n2020\n$386,064\n$31,018\n$57,284\n$22,899\n$21,331\n\n\n2021\n$489,008\n$37,694\n$75,241\n$34,341\n$28,601\n\n\n2022\n$580,286\n$59,368\n$94,093\n$46,944\n$38,122\n\n\n2023\n$675,490\n$79,188\n$115,214\n$64,923\n$52,538\n\n\n2024\n$771,718\n$109,720\n$147,249\n$84,987\n$70,026\n\n\n2025\n$870,208\n$140,055\n$180,369\n$105,028\n$92,641\n\n\n2026\n$1,010,120\n$171,309\n$223,941\n$148,007\n$123,781\n\n\nAnnualized Growth\n17.39%\n32.95%\n25.51%\n36.48%\n34.05%\n\n\n\n(Source: FactSet Research Terminal)\nHow about 33% CAGR FCF growth and 34% CAGR profit growth?\nWorried about higher corporate taxes in 2022? Jeff Bezos isn't and analysts are already baking that into their consensus estimates.\nAMZN Tax Consensus Forecast\n\n\n\nYear\nOperating Income\nTax Costs\nTax Rate\n\n\n2020\n$22,899\n$2,863\n12.50%\n\n\n2021\n$34,341\n$6,588\n19.18%\n\n\n2022\n$46,944\n$8,364\n17.82%\n\n\n2023\n$64,923\n$11,723\n18.06%\n\n\n2024\n$84,987\n$15,707\n18.48%\n\n\n2025\n$105,028\n$19,933\n18.98%\n\n\n2026\n$148,007\n$25,665\n17.34%\n\n\nAnnualized Growth\n36.48%\n44.13%\n5.60%\n\n\n\n(Source: FactSet Research Terminal)\nAmazon's extreme growth spending is expected to keep its tax rate far below the 25% or so that most analysts now expect beyond 2021.\nThat still means a $26 billion tax bill in 2026. Gone forever are the days of Amazon paying no taxes. But by 2026 Amazon is expected to become the largest single corporate taxpayer in the world, likely neutralizing claims that its \"not paying its fair share\".\nHow much should investors fear taxes? Not much, because look at the growth estimates for Amazon for the next few years.\nAmazon's Medium-Term Growth Consensus\n\n\n\nMetric\n2021 Growth Consensus\n2022 Growth Consensus\n2023 Growth Consensus\n2024 Growth Consensus\n2025 Growth Consensus\n2026 Growth Consensus\n\n\nSales\n27%\n19%\n16%\n14%\n13%\n16%\n\n\nEarnings\n33%\n30%\n31%\n35%\n31%\n32%\n\n\nOwner Earnings (Buffett smoothed out FCF)\n-13%\nNA\nNA\nNA\nNA\nNA\n\n\nOperating Cash Flow\n14%\n20%\n17%\n43%\n19%\n16%\n\n\nFree Cash Flow\n26%\n57%\n23%\n54%\n26%\n21%\n\n\nEBITDA\n91%\n23%\n22%\nNA\nNA\nNA\n\n\nEBIT (Operating Income)\n44%\n38%\n32%\nNA\nNA\nNA\n\n\n\n(Source: FAST Graphs, FactSet Research Terminal)\nThose are mind-blowing growth rates for any company, much less the 2nd largest by revenue in the world.\nAnd those hyper-growth rates are coming off one of Amazon's best years ever.\nAmazon Was A Big Pandemic Winner\n\n\n\nMetric\n2020 Growth Results\n\n\nSales\n38%\n\n\nEarnings\n82%\n\n\nOwner Earnings (Buffett smoothed out FCF)\n145%\n\n\nOperating Cash Flow\n70%\n\n\nFree Cash Flow\n18%\n\n\nEBITDA\n28%\n\n\nEBIT (Operating Income)\n53%\n\n\n\n(Source: FAST Graphs, FactSet Research Terminal)\nBut what about beyond 2026?\n(Source: FactSet Research Terminal)\nGrowth consensus range: 26.7% to 38.1% CAGR\n\nThe historical margin of error, smoothing for outliers is 20% to the downside, 30% to the upside.\nThe historical margin-of-error adjusted growth consensus range is 21% to 50% CAGR.\n(Source: FAST Graphs, FactSet Research)\nAmazon's growth consensus means analysts expect the growth rate of the last two decades to continue, courtesy of margin expansion.\nWhy Amazon Is Likely To Eventually Become The Biggest Dividend Payer In World History\nToday Amazon doesn't pay a dividend. Morningstar and analysts don't expect it to through at least 2026.\n(Source: FactSet Research Terminal)\nBut guess what? Simple math tells us that one day if Amazon grows as analysts expect, it will almost have no alternative than massive buybacks and dividends that put Apple's (AAPL) to shame.\n(Source: FactSet Research Terminal)\n\n2026 consensus cash pile of $628 billion\n$501 billion net cash\nApple began its capital returns at $250 billion\n\n(Source: Apple)\nApple has so far returned $551 billion in cash to investors. By 2026 Amazon's cash pile is expected to be $77 billion larger than that mind-blowing sum.\nAMZN Potential Dividend Consensus Forecast\n\n\n\nYear\nFCF/Share Consensus\nDividend Per Share (50% Payout Ratio)\nYield On Today's Cost\nConsensus Yield Potential\nAnalyst Consensus Fair Value Price\n\n\n2020\n$60.82\n$30.41\n0.87%\nNA\nNA\n\n\n2021\n$71.13\n$35.57\n1.02%\n0.84%\n$4,243.20\n\n\n2022\n$99.74\n$49.87\n1.42%\n0.88%\n$5,643.44\n\n\n2023\n$133.27\n$66.64\n1.90%\n0.98%\n$6,770.26\n\n\n2024\n$205.74\n$102.87\n2.94%\n1.08%\n$9,516.45\n\n\n2025\n$259.57\n$129.79\n3.70%\n1.12%\n$11,567.10\n\n\n2026\n$313.89\n$156.95\n4.48%\n1.15%\n$13,655.48\n\n\nAnnualized Growth\n31.46%\n31.46%\n31.46%\n6.52%\n26.33%\n\n\n\n(Source: FactSet Research Terminal)\nAmazon yielding 1% would be similar to Apple, Microsoft, Visa (V), and Mastercard (MA) today.\nAnd guess what? If Amazon paid a 50% FCF dividend, then it would still see its cash position grow by almost $200 billion in the next five years.\nAMZN Potential Dividend/Retained Cash Flow Consensus\n\n\n\nYear\nDividend Consensus\nFCF/Share Consensus\nPayout Ratio\nRetained FCF\nBuyback Potential\nDebt Repayment Potential\n\n\n2021\n$35.57\n$71.13\n50.0%\n$17,925\n1.01%\n56.1%\n\n\n2022\n$49.87\n$99.74\n50.0%\n$25,134\n1.42%\n79.8%\n\n\n2023\n$66.64\n$133.27\n50.0%\n$33,584\n1.90%\n107.3%\n\n\n2024\n$102.87\n$205.74\n50.0%\n$51,846\n2.93%\n167.8%\n\n\n2025\n$129.79\n$259.57\n50.0%\n$65,412\n3.70%\n214.6%\n\n\n2026\n$156.95\n$313.89\n50.0%\n$79,100\n4.48%\n259.5%\n\n\nTotal 2021 Through 2026\n$541.67\n$1,083.34\n50.0%\n$193,901.40\n10.97%\n606.42%\n\n\n\n(Source: FactSet Research Terminal)\nIf Amazon began paying out 100% of FCF as buybacks and dividends starting in 2022, then by 2026 its cash pile would be \"just\" $85.5 billion.\nHow does a 32% growing dividend with a 1% starting yield, and 2% annual buybacks sound?\nLike $79 billion in annual dividends to all investors, and $8.0 billion to Jeff Bezos personally, by 2026.\nBezos spends billions each year on Blue Origin (his rocket company) and philanthropy.\nIn fact, if Amazon were to pay a 1% dividend this year, that's $1.8 billion to Bezos (and $17.9 billion to the rest of us), pretty much ensuring he never has to sell a single share ever again.\nWould paying those dividends harm Amazon's growth efforts? Not at all. Free cash flow is what's left over after running the business and investing in future growth.\n$171 billion in FCF that analysts expect in 2026 is AFTER $138 billion in growth spending.\nWithin a few years, big institutions will likely insist that Amazon do something with its historic mountain of cash.\n(Source: GuruFocus Premium)\n63% of Amazon is owned by institutional investors, including 12% Vanguard and BlackRock alone. For context, Jeff Bezos owns 10.1% of the company.\nCollecting cash for its own sake is not prudent capital allocation, which is why these big institutions forced Apple to start buying back stock and paying dividends in 2012.\nAnd that's likely to happen eventually with Amazon.\nIf Amazon Keeps Growing FCF At 33% CAGR Through 2030\n\n\n\nYear\nFCF\nCash On The Balance Sheet ($ Millions)\n\n\n2026\n$171,309\n$627,910\n\n\n2027\n$227,755\n$855,665\n\n\n2028\n$302,801\n$1,158,466\n\n\n2029\n$402,574\n$1,561,040\n\n\n2030\n$535,221\n$2,096,261\n\n\n\nEven if Amazon's FCF growth rate slows significantly in 2027, by 2030 it will likely have $1+ trillion in cash, barring massive buybacks and dividends.\nWhat kind of income could Amazon eventually generate? Sufficient for a single share to potentially fund a rich retirement if your time horizon is long enough.\nAmazon Potential Inflation-Adjusted Future Dividends Per Share\n\n\n\nYear\nAMZN Dividend Per Share (10% CAGR Growth)\nAMZN Dividend Per Share (12.5% CAGR Growth)\nAMZN Dividend Per Share (15% CAGR Growth)\nAMZN Dividend Per Share (17.5% CAGR Growth)\nAMZN Dividend Per Share (20% CAGR Growth)\n\n\n2021\n$35.57\n$35.57\n$35.57\n$35.57\n$35.57\n\n\n2026\n$52.26\n$58.59\n$65.53\n$73.10\n$81.36\n\n\n2031\n$76.78\n$96.53\n$120.73\n$150.26\n$186.14\n\n\n2036\n$112.82\n$159.02\n$222.43\n$308.85\n$425.85\n\n\n2041\n$165.77\n$261.98\n$409.82\n$634.84\n$974.23\n\n\n2046\n$243.57\n$431.60\n$755.06\n$1,304.89\n$2,228.81\n\n\n2051\n$357.88\n$711.04\n$1,391.16\n$2,682.15\n$5,098.98\n\n\n2056\n$525.84\n$1,171.39\n$2,563.12\n$5,513.05\n$11,665.22\n\n\n2061\n$772.63\n$1,929.81\n$4,722.38\n$11,331.89\n$26,687.21\n\n\n2066\n$1,135.25\n$3,179.25\n$8,700.67\n$23,292.29\n$61,053.86\n\n\n2071\n$1,668.06\n$5,237.65\n$16,030.42\n$47,876.46\n$139,676.45\n\n\n\nA single share of Amazon could, with a long enough time frame, fund a comfortable retirement, with dividends alone.\nFor context, the average social security benefit in 2021 is $1,543 per month = $18,516.\nA modest position in Amazon of 14 shares today, under my base case (15% future dividend growth) scenario will equal social security payments within 30 years, adjusted for inflation.\nI own over 73 shares of Amazon and counting which means $1.2 million in potential inflation-adjusted annual dividends in 50 years. This is my Jeff Bezos retirement plan.\nReason 3: A Wonderful Company At A Wonderful Price And The Potential For 290% Returns In The Next 5 Years\nWith Amazon near its all-time highs, many investors think it must be overvalued. However, its actually 17% undervalued.\n(Source: FAST Graphs, FactSet Research)\n\nbillions of investors over 20 years have concluded 24 to 26x cash flow is fair value for Amazon\n91% statistical probability this is a reasonable estimate of intrinsic value\n\n(Source: FactSet Research Terminal)\n\n23.9x forward cash flow = 0.64 PEG = hyper-growth at a very attractive price\n24.2 EV/EBITDA vs 34.8 13-year median = AMZN potentially 30% undervalued\n\n\n\n\nMetric\nHistorical Fair Value Multiple (13-years)\n2021\n2022\n2023\n2024\n2025\n2026\n\n\nOwner Earnings (Buffett Smoothed Out FCF)\n26.10\n$4,210.22\nNA\nNA\nNA\nNA\nNA\n\n\nOperating Cash Flow\n25.10\n$3,714.47\n$4,456.98\n$5,210.94\n$7,885.17\n$9,359.29\n$10,889.13\n\n\nFree Cash Flow\n58.32\n$3,748.49\n$5,880.49\n$7,213.57\n$11,998.76\n$15,138.12\n$18,306.06\n\n\nEBITDA\n39.96\n$5,911.02\n$7,290.23\n$8,882.35\nNA\nNA\nNA\n\n\nAverage\n$4,243.20\n$5,643.44\n$6,770.26\n$9,516.45\n$11,567.10\n$13,655.48\n\n\nCurrent Price\n$3,503.82\n\n\nDiscount To Fair Value\n17.43%\n37.91%\n48.25%\n63.18%\n69.71%\n74.34%\n\n\nUpside To Fair Value\n21.10%\n61.07%\n93.23%\n171.60%\n230.13%\n289.73%\n\n\n\n\n290% consensus return potential over the next five years\n$13,655 consensus price in 2026\n$6.6 trillion market cap (assuming no buybacks)\n6.6x sales\n26% CAGR consensus return potential\n\n\n\n\nMorningstar Fair Value\n\n\n$4,200.00\n\n\nDiscount To MS FV Estimate\n\n\n16.58%\n\n\nUpside To MS FV\n\n\n19.87%\n\n\n\n\n\n\nAnalyst Median 12-Month Price Target\n\n\n$4,249.17\n\n\nDiscount To Price Target\n\n\n17.54%\n\n\nUpside To Price Target\n\n\n21.27%\n\n\n\nBasically, all the experts agree, AMZN is modestly undervalued, with significantly short-term upside potential, 100% justified by some of the best fundamentals on Wall Street.\n\n\n\nRating\nMargin Of Safety For 12/12 Ultra SWAN Quality Companies\n2020 Price\n2021 Price\n2022 Price\n\n\nPotentially Reasonable Buy\n0%\n$3,409.22\n$4,243.20\n$5,643.44\n\n\nPotentially Good Buy\n5%\n$3,238.76\n$4,031.04\n$5,361.27\n\n\nPotentially Strong Buy\n15%\n$2,897.84\n$3,606.72\n$4,796.92\n\n\nPotentially Very Strong Buy\n25%\n$2,429.07\n$3,182.40\n$4,232.58\n\n\nPotentially Ultra-Value Buy\n35%\n$2,216.00\n$2,758.08\n$3,668.23\n\n\nCurrently\n$3,503.82\n-2.77%\n17.43%\n37.91%\n\n\nUpside To Fair Value (Not Including Dividends)\n-2.70%\n21.10%\n61.07%\n\n\n\nAMZN is a potentially strong buy for anyone comfortable with its risk profile.\nAnd here's what investors buying AMZN today can reasonably expect as far as total returns are concerned.\n\n5-year consensus return potential range: 18% to 35% CAGR\n\nAMZN 2023 Consensus Total Return Potential (Using The Most Conservative Metric)\n(Source: FAST Graphs, FactSet Research)\nAMZN 2026 Consensus Total Return Potential (Using The Most Conservative Metric)\n(Source: FAST Graphs, FactSet Research)\nFor context, Cathie Wood at ARKK and private equity strive for 15% CAGR total returns over time.\n\ndouble your money every 5 years\n\nARK Innovation ETF Valuation: 106x Earnings And Rising By The Day\n(Source: Morningstar)\n106x forward earnings for companies growing at 17.7% CAGR = 6.0 PEG.\nOCF PEG of 2.4 at ARKK.\nAMZN OCF PEG of 0.64.\nARKK is paying 4x as much for growth as Amazon investors buying today.\nThere is a 91% statistical probability that ARKK investors see terrible returns in the coming 10 to 20 years.\nOver the long-term analysts expect:\n\n0% yield + 37.2% growth = 37.2% CAGR total return potential\n21% to 50% CAGR range\nvs 7.9% S&P 500 and 11.0% aristocrats and 16.5% Nasdaq\n\nAMZN has consistently delivered 26% to 27 CAGR long-term returns.\nThe low end of the 26.7% to 38.1% CAGR growth consensus range.\nAMZN Vs S&P 500 Vs Aristocrats Inflation-Adjusted Long-Term Return Forecast: $1,000 Initial Investment\n\n\n\nTime Frame (Years)\n5.9% LT Inflation-Adjusted Returns (S&P Consensus)\n9.0% Inflation-Adjusted Returns (Aristocrat consensus)\n24% Inflation-Adjusted Returns (AMZN historical return)\n35.2% Inflation-Adjusted Returns (AMZN Consensus)\n\n\n5\n$1,331.93\n$1,538.62\n$2,931.63\n$4,517.35\n\n\n10\n$1,774.02\n$2,367.36\n$8,594.43\n$20,406.42\n\n\n15\n$2,362.87\n$3,642.48\n$25,195.63\n$92,182.90\n\n\n20\n$3,147.16\n$5,604.41\n$73,864.15\n$416,422.16\n\n\n25\n$4,191.79\n$8,623.08\n$216,541.99\n$1,881,123.42\n\n\n30\n$5,583.14\n$13,267.68\n$634,819.93\n$8,497,687.35\n\n\n35\n$7,436.33\n$20,413.97\n$1,861,054.03\n$38,387,002.96\n\n\n40\n$9,904.63\n$31,409.42\n$5,455,912.62\n$173,407,415.00\n\n\n45\n$13,192.23\n$48,327.29\n$15,994,690.19\n$783,341,476.50\n\n\n50\n$17,571.06\n$74,357.52\n$46,890,434.61\n$3,538,625,316.57\n\n\n\n\n\n\nTime Frame (Years)\nRatio S&P vs Aristocrat Consensus\nRatio S&P vs AMZN Historical Return\nRatio S&P vs AMZN Consensus\n\n\n5\n1.16\n2.20\n3.39\n\n\n10\n1.33\n4.84\n11.50\n\n\n15\n1.54\n10.66\n39.01\n\n\n20\n1.78\n23.47\n132.32\n\n\n25\n2.06\n51.66\n448.76\n\n\n30\n2.38\n113.70\n1522.03\n\n\n35\n2.75\n250.27\n5162.09\n\n\n40\n3.17\n550.84\n17507.71\n\n\n45\n3.66\n1212.43\n59379.01\n\n\n50\n4.23\n2668.62\n201389.38\n\n\n\nOver the next 10 to 15 years, Amazon, if it grows as expected, it could deliver 10 to 12x the returns of the S&P 500 and turn $1 into about $20 to $25, in inflation-adjusted terms.\nRisk Profile: Why Amazon Isn't Right For Everyone\nNo company is right for everyone, and all have complex risk profiles that investors must understand and be comfortable with.\nFundamental Risk Profile\nWe believe that the uncertainty for Amazon is high and that despite being an e-commerce leader, the company faces a variety of risks.\nAmazon must protect its leading online retailing position, which can be challenging as consumer preferences change, especially post-COVID-19 (as consumers may revert back to prior behaviors), and traditional retailers bolster their online presence.\nMaintaining an e-commerce edge has pushed the company to make investments in non-traditional areas, such as producing content for its Prime Video subscriptions and building out its own transportation network.\nSimilarly, the company must also maintain an attractive value proposition for its third-party sellers. Some of these investment areas have raised investor questions in the past, and we expect management to continue to invest according to its strategy, despite periodic margin pressure from increased spending.\nThe company must also continue to invest in new offerings. AWS, transportation, and physical stores (both Amazon branded and Whole Foods) are three notable areas of investment. These decisions require capital allocation and management focus and may play out over a period of years rather than quarters.\nContinued international expansion will likely require similar investment and management attention but will also increase exposure to different regulatory environments.\nSome countries have instituted or may institute protectionist policies. Even domestically over the last several years, lawmakers from both parties have increasingly focused on the amount of market power large technology companies have accrued.\nAntitrust, data privacy, and section 230 have been repeatedly invoked.\nFrom an ESG perspective, data breaches and service outages are a concern for any type of cloud service provider. As a retailer, Amazon has personal information for hundreds of millions of consumers around the world, while AWS hosts proprietary mission critical data for enterprises.\" - Morningstar (emphasis added)\n\nregulatory/political risk (domestic and international)\ndisruption risk from major tech competitors (like GOOG, FB, and MSFT)\ncomplex ESG risk (such as 150% annual turnover at fulfillment centers)\n\nMaterial Financial ESG Risk Analysis: How Large Institutions Measure Total Risk\n\n5 High-Yield ESG Blue-Chips For A Safe And Prosperous Retirement\n\nHere is a special report that outlines the most important aspects of understanding long-term ESG financial risks for your investments.\nThe bottom line is that ESG is NOT about politics or personal ethical opinions.\nAmong institutions that factor ESG into their safety models and ratings are:\n\nBlackRock\nMSCI\nMorningstar\nReuters\nS&P\nFitch\nMoody's\nDBRS\nAM Best\nBank of America\nBloomberg\nFactSet Research\nWells Fargo\nNAREIT\nState Street\nand many, many more\n\nQuality companies have always practiced ESG risk management long before it was popular among investors.\n\n If you use\n ESG scores that inherently tilts a portfolio to quality.\" - NYU study\n The overlap between ESG, especially measures related to the ‘G’ [or governance], and quality is pretty large.” - Research AffiliatesCompanies with strong ESG profiles may be better positioned for future challenges and experience\n fewer instances of bribery, corruption, and fraud.\" - MSCI (Emphasis added)\n\nBank of America's research finds that ESG metrics also help improve the long-term profitability and outcomes at companies.\n\n We find that companies with greater gender diversity at the board/management level typically see\n higher ROE and lower earnings risk than peers.Moreover, based on disclosure data from ICE, we find gender diversity in management is associated with a ~20% premium on P/E on an overall and sector-neutral basis.Ethnic and racial workforce diversity shows similarly strong results:\n higher ROE, lower risk, and significant premia on P/Eand P/BV.\" - Bank of America (emphasis original)\n\nDividend Aristocrats Are Strong ESG Companies\n(Source: Morningstar)\n\nAnalyst firm McKinsey has done several studies on this topic and concluded that between 25% and 60% of cash flows are affected by ESG risk.\nIt also did a meta-analysis of over 2,000 studies and found the ESG risk mitigation was 8X as likely to boost a company’s bottom line as hurt it.\nAMZN's ESG Risk Management Consensus\n\n\n\nRating Agency\nIndustry Percentile\nRating Agency Classification\n\n\nMSCI\n62.0%\nBBB Average\n\n\nMorningstar/Sustainalytics\n0.2%\n30.9/100 High Risk\n\n\nReuters'/Refinitiv\n98.9%\nExcellent\n\n\nS&P\n21.0%\nVery Poor\n\n\nConsensus\n45.5%\nAverage\n\n\n\n(Sources: Morningstar, Reuters'/Refinitiv)\n(Source: FactSet Research Terminal)\n\n(Source: Morningstar)\n\n0.2th percentile for its industry (472nd best out of 473 retailers)\n39th percentile among all rated companies (14,143)\n\n(Source: Reuters'/Refinitiv)\n\nan industry leader in all long-term risk management metrics\n\nHow We Monitor AMZN's Risk Profile\n\n51 analysts\n3 credit rating agencies\n7 total risk rating agencies\n58 total experts who collectively know this business better than anyone other than management\n\nRest assured that if Amazon's thesis weakens, strengthens, or shatters, we'll know about it and so DK members and my SA readers.\nBottom Line: Amazon Is The Ultimate Rich Retirement Dream Stock\nMy Real Money Phoenix Retirement Portfolio (Tracked Daily In Our Real Money Phoenix Portfolio Tool)\n\n(Source: Morningstar)\nDo you know what ETF or mutual fund offers a 3.5% very safe yield, with 15.5% growth and that's also 13% undervalued? All from a collection of blue-chips that matches the dividend aristocrats for quality and safety?\nNone, because only through prudent stock picking and active management can you achieve fundamentals like this.\n\n\n\n\nDS Phoenix Portfolio Fundamentals\n\n\nYield\n3.53%\n\n\nLT Growth Forecast\n15.51%\n\n\nDiscount To Fair Value\n13%\n\n\n5-Year Annual Valuation Boost\n2.82%\n\n\n5-Year Consensus Total Return Potential\n21.86%\n\n\n5-Year Risk-Adjusted Expected Total Return\n15.98%\n\n\nLT Consensus Total Return Potential\n19.04%\n\n\nS&P 500 5-Year Risk-Adjusted Expected Return\n3.60%\n\n\nDK Video Phoenix Risk-Adjusted Return/S&P 500 Risk-Adjusted Expected Return\n4.44\n\n\nS&P 500 Consensus LT Total Return Potential\n7.9%\n\n\nDividend Aristocrats Consensus LT Total Return Potential\n11.0%\n\n\nDS Phoenix LT Consensus Total Return Potential/S&P 500 Consensus LT Total Return Potential\n2.41\n\n\nDS Phoenix LT Consensus Total Return Potential/Dividend Aristocrats Consensus LT Total Return Potential\n1.73\n\n\n\nAmazon is the heart of my 28% growth allocation, and by combining it with high-yield blue-chips, you can have your cake and eat it too.\n\n8 Safe Dividend Stocks Yielding Over 6%\n\nIf you buy Amazon in equal amounts with something likeBritish American Tobacco(BTI), here is the synthetic company you create.\n\n4% safe yield growing about 4.3% over time\ngrowth consensus of 21% CAGR\n33% discount to fair value\n\nDoes that sound like a good way to combine growth, value, and yield? I think so, and that's why I've invested nearly $350,000 into that specific combination so far.\nAmazon is very likely to eventually have to pay a dividend. That's not speculation, its simple math. Big institutional investors simply won't stand for a company amassing a $1+ trillion cash pile.\nThat day may be far into the future, possibly 2030 or so.\nBut whenever Amazon finally starts paying dividends and buying back stock by the boatload, doesn't matter.\nLong-term investors buying Amazon today for pure growth, quality, and attractive valuation, are likely to be rolling in safe, and exponentially growing income in the years and decades to come.\nWhile there are many great hyper-growth stocks to choose from, none offer Amazon's incredible combination of quality, safety, growth, valuation, and future dividend potential that can allow a single share to possibly fund a rich retirement.\nThat's why I keep buying Amazon steadily, as long as its undervalued and its thesis remains intact.\nIf a small position in Amazon today can lead to a rich retirement in a few decades, then imagine how golden our golden years will be, if we own a large position, constructed over many years, and through several market downturns.\nBecause to quote Frasier Crane\n\n If less is more, then imagine how much more, more is.","news_type":1},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127796251,"gmtCreate":1624868065273,"gmtModify":1703846584988,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127796251","repostId":"2146090006","repostType":4,"repost":{"id":"2146090006","kind":"highlight","pubTimestamp":1624755315,"share":"https://ttm.financial/m/news/2146090006?lang=&edition=fundamental","pubTime":"2021-06-27 08:55","market":"us","language":"en","title":"5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2146090006","media":"Motley Fool","summary":"These growth and value stocks are begging to be bought by investors.","content":"<p>When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking the reins of <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B) in the mid-1960s, Buffett's company has averaged an annual return of 20%. This works out to an aggregate gain of greater than 2,800,000% for its Class A shares.</p>\n<p>Although Buffett isn't perfect, he and his investing team have a knack for identifying attractively valued businesses that have clear competitive advantages. As we prepare to move into the second half of 2021, the following five Buffett stocks stand out as those that should be bought hand over fist.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1077c8372814d2b8150e933b4c608005\" tg-width=\"700\" tg-height=\"466\"><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p>\n<h2>Amazon</h2>\n<p>Even though Buffett's investing lieutenants, Todd Combs and Ted Weschler, are the architects behind Berkshire Hathaway's stake in <b>Amazon</b> (NASDAQ:AMZN), it's arguably the Buffett stock that should be bought most aggressively ahead of the second half of the year.</p>\n<p>As most folks probably know, Amazon is an e-commerce juggernaut. Based on an April report from eMarketer, the company effectively controls $0.40 of every $1 spent online in the United States. It's also pivoted its online retail popularity into signing up more than 200 million people to its Prime program worldwide. The fees Amazon collects from Prime help it to undercut its competition on price. And it certainly doesn't hurt that Prime members tend to spend many multiples more than non-Prime shoppers during the course of the year.</p>\n<p>But it's the company's cloud infrastructure service, Amazon Web Services (AWS), that has truly budded into a star. Since the operating margins associated with cloud infrastructure are considerably higher than what Amazon nets from retail and advertising, AWS' growth is leading to a surge in operating cash flow. If investors were to continue to pay the midpoint of Amazon's operating cash flow multiple over the past decade, it could hit $10,000 a share by 2025.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b18b49b2b35da2fc49e0a83b883d1c22\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Bristol Myers Squibb</h2>\n<p>Pharmaceutical stocks are money machines, and none looks to be more attractive on a valuation basis than <b>Bristol Myers Squibb</b> (NYSE:BMY).</p>\n<p>One reason to be excited about this drug developer is its organic growth potential. Eliquis, which was co-developed with <b>Pfizer</b>, has blossomed into the world's leading oral anticoagulant, with sales expected to surpass $10 billion in 2021. Meanwhile, dozens of additional clinical trials are underway for cancer immunotherapy Opdivo, which generated $7 billion in sales last year. This offers plenty of opportunity to expand Opdivo's label and pump up its pricing power.</p>\n<p>Another reason Bristol Myers Squibb is such an intriguing stock is its November 2019 acquisition of cancer and immunology company Celgene. Buying Celgene brought the blockbuster multiple-myeloma drug Revlimid into the fold. Revlimid has sustainably grown its annual sales by a double-digit percentage for more than a decade, with label expansion, longer duration of use, and pricing power all playing a role. This key treatment, which topped $12 billion in sales last year, is protected from a full onslaught of generic competition until early 2026. That means Bristol Myers will be rolling in the dough for another five years, at minimum.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b152e369d7c967dcbc926192ee888c1\" tg-width=\"700\" tg-height=\"531\"><span>Image source: Getty Images.</span></p>\n<h2>Mastercard</h2>\n<p>Everyone seems to be looking for the smartest recovery play from the pandemic. Payment processor <b>Mastercard</b> (NYSE:MA) might well be the safest way to take advantage of a steady uptick in consumer and enterprise spending.</p>\n<p>Mastercard isn't a cheap stock by any means -- at 36 times Wall Street's forward-year earnings consensus -- but it benefits from a simple numbers game. While economic contractions and recessions are inevitable, these periods of turbulence tend to be short-lived. By comparison, economic expansions often last many years. Buying into Mastercard allows investors to take full advantage of these long periods of economic expansion and robust spending. Plus, it doesn't hurt that Mastercard has the second-highest share of credit-card network purchase volume in the U.S., the leading market for consumption.</p>\n<p>Investors can also sleep easy with the understanding that Mastercard strictly sticks to payment facilitation. Even though some of its peers also lend, and are therefore able to generate interest income and fees during bull markets, Mastercard has avoided becoming a lender. It's something you'll truly appreciate when a recession strikes. Whereas most financial stocks will be forced to set aside capital to cover credit or loan delinquencies, Mastercard won't have to. This is a big reason it bounces back from recessions quicker than most financial stocks.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4e1a1fe028efa4c966b66ef2cd466f5\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Teva Pharmaceutical Industries</h2>\n<p>If you have an appetite for turnaround plays, brand-name and generic-drug developer <b>Teva Pharmaceutical Industries</b> (NYSE:TEVA) is the stock to buy hand over fist for the second half of 2021. Like Amazon, it's a stock that was added to Berkshire Hathaway's portfolio by either Combs or Weschler and not Buffett.</p>\n<p>While there's no denying that Teva has its fair share of hurdles to overcome, the company's turnaround-focused CEO, Kare Schultz, has been a blessing. Since taking the helm less than four years ago, Schultz has helped shave off more than $10 billion in net debt, and he's overseen the reduction of roughly $3 billion in annual operating expenses. There's more work to do to improve Teva's balance sheet, but the company is very clearly on much firmer ground than it was back in 2016-2017.</p>\n<p>Schultz also has the potential to play peacemaker for a number of outstanding lawsuits targeting Teva's role in the opioid crisis. If this litigation can be resolved with minimal cash outlay, Teva's valuation could soar. At just 4 times the company's projected earnings in 2021, Teva is about as cheap as a healthcare stock can get.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44a30c4dfd6886a29e22d3c6558c3e56\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Bank of America</h2>\n<p>Lastly, bank stock <b>Bank of America</b> (NYSE:BAC) has the look of a company that can be confidently bought hand over fist for the second half of 2021.</p>\n<p>For much of the past decade, the Federal Reserve has kept interest rates at or near historic lows. That's meant less in the way of interest income for banks. But the latest update from the nation's central bank suggests that interest rates could begin creeping up in 2023, a year earlier than previously forecast. Bank of America is the most interest-sensitive money-center bank. According to its first-quarter investor presentation, BofA would generate $8.3 billion in net interest income on a 100-basis-point shift in the interest rate yield curve. Translation: Bank of America's profits should rocket higher beginning in 2023-2024.</p>\n<p>At the same time, BofA has done an outstanding job of controlling its costs and improving its operating efficiency. Investments in digitization have resulted in higher mobile app and digital banking use, which is allowing the company to consolidate some of its branches. Even with its shares at a 13-year high, Bank of America has plenty left in the tank.</p>","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>5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021</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\">\n5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 08:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/\">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.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146090006","content_text":"When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking the reins of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) in the mid-1960s, Buffett's company has averaged an annual return of 20%. This works out to an aggregate gain of greater than 2,800,000% for its Class A shares.\nAlthough Buffett isn't perfect, he and his investing team have a knack for identifying attractively valued businesses that have clear competitive advantages. As we prepare to move into the second half of 2021, the following five Buffett stocks stand out as those that should be bought hand over fist.\nBerkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.\nAmazon\nEven though Buffett's investing lieutenants, Todd Combs and Ted Weschler, are the architects behind Berkshire Hathaway's stake in Amazon (NASDAQ:AMZN), it's arguably the Buffett stock that should be bought most aggressively ahead of the second half of the year.\nAs most folks probably know, Amazon is an e-commerce juggernaut. Based on an April report from eMarketer, the company effectively controls $0.40 of every $1 spent online in the United States. It's also pivoted its online retail popularity into signing up more than 200 million people to its Prime program worldwide. The fees Amazon collects from Prime help it to undercut its competition on price. And it certainly doesn't hurt that Prime members tend to spend many multiples more than non-Prime shoppers during the course of the year.\nBut it's the company's cloud infrastructure service, Amazon Web Services (AWS), that has truly budded into a star. Since the operating margins associated with cloud infrastructure are considerably higher than what Amazon nets from retail and advertising, AWS' growth is leading to a surge in operating cash flow. If investors were to continue to pay the midpoint of Amazon's operating cash flow multiple over the past decade, it could hit $10,000 a share by 2025.\nImage source: Getty Images.\nBristol Myers Squibb\nPharmaceutical stocks are money machines, and none looks to be more attractive on a valuation basis than Bristol Myers Squibb (NYSE:BMY).\nOne reason to be excited about this drug developer is its organic growth potential. Eliquis, which was co-developed with Pfizer, has blossomed into the world's leading oral anticoagulant, with sales expected to surpass $10 billion in 2021. Meanwhile, dozens of additional clinical trials are underway for cancer immunotherapy Opdivo, which generated $7 billion in sales last year. This offers plenty of opportunity to expand Opdivo's label and pump up its pricing power.\nAnother reason Bristol Myers Squibb is such an intriguing stock is its November 2019 acquisition of cancer and immunology company Celgene. Buying Celgene brought the blockbuster multiple-myeloma drug Revlimid into the fold. Revlimid has sustainably grown its annual sales by a double-digit percentage for more than a decade, with label expansion, longer duration of use, and pricing power all playing a role. This key treatment, which topped $12 billion in sales last year, is protected from a full onslaught of generic competition until early 2026. That means Bristol Myers will be rolling in the dough for another five years, at minimum.\nImage source: Getty Images.\nMastercard\nEveryone seems to be looking for the smartest recovery play from the pandemic. Payment processor Mastercard (NYSE:MA) might well be the safest way to take advantage of a steady uptick in consumer and enterprise spending.\nMastercard isn't a cheap stock by any means -- at 36 times Wall Street's forward-year earnings consensus -- but it benefits from a simple numbers game. While economic contractions and recessions are inevitable, these periods of turbulence tend to be short-lived. By comparison, economic expansions often last many years. Buying into Mastercard allows investors to take full advantage of these long periods of economic expansion and robust spending. Plus, it doesn't hurt that Mastercard has the second-highest share of credit-card network purchase volume in the U.S., the leading market for consumption.\nInvestors can also sleep easy with the understanding that Mastercard strictly sticks to payment facilitation. Even though some of its peers also lend, and are therefore able to generate interest income and fees during bull markets, Mastercard has avoided becoming a lender. It's something you'll truly appreciate when a recession strikes. Whereas most financial stocks will be forced to set aside capital to cover credit or loan delinquencies, Mastercard won't have to. This is a big reason it bounces back from recessions quicker than most financial stocks.\nImage source: Getty Images.\nTeva Pharmaceutical Industries\nIf you have an appetite for turnaround plays, brand-name and generic-drug developer Teva Pharmaceutical Industries (NYSE:TEVA) is the stock to buy hand over fist for the second half of 2021. Like Amazon, it's a stock that was added to Berkshire Hathaway's portfolio by either Combs or Weschler and not Buffett.\nWhile there's no denying that Teva has its fair share of hurdles to overcome, the company's turnaround-focused CEO, Kare Schultz, has been a blessing. Since taking the helm less than four years ago, Schultz has helped shave off more than $10 billion in net debt, and he's overseen the reduction of roughly $3 billion in annual operating expenses. There's more work to do to improve Teva's balance sheet, but the company is very clearly on much firmer ground than it was back in 2016-2017.\nSchultz also has the potential to play peacemaker for a number of outstanding lawsuits targeting Teva's role in the opioid crisis. If this litigation can be resolved with minimal cash outlay, Teva's valuation could soar. At just 4 times the company's projected earnings in 2021, Teva is about as cheap as a healthcare stock can get.\nImage source: Getty Images.\nBank of America\nLastly, bank stock Bank of America (NYSE:BAC) has the look of a company that can be confidently bought hand over fist for the second half of 2021.\nFor much of the past decade, the Federal Reserve has kept interest rates at or near historic lows. That's meant less in the way of interest income for banks. But the latest update from the nation's central bank suggests that interest rates could begin creeping up in 2023, a year earlier than previously forecast. Bank of America is the most interest-sensitive money-center bank. According to its first-quarter investor presentation, BofA would generate $8.3 billion in net interest income on a 100-basis-point shift in the interest rate yield curve. Translation: Bank of America's profits should rocket higher beginning in 2023-2024.\nAt the same time, BofA has done an outstanding job of controlling its costs and improving its operating efficiency. Investments in digitization have resulted in higher mobile app and digital banking use, which is allowing the company to consolidate some of its branches. Even with its shares at a 13-year high, Bank of America has plenty left in the tank.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144695835,"gmtCreate":1626278158927,"gmtModify":1703757079444,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/CJLU.SI\">$NETLINK NBN TRUST(CJLU.SI)$</a> ⬆️⬆️⬆️","listText":"<a href=\"https://laohu8.com/S/CJLU.SI\">$NETLINK NBN TRUST(CJLU.SI)$</a> ⬆️⬆️⬆️","text":"$NETLINK NBN TRUST(CJLU.SI)$ ⬆️⬆️⬆️","images":[{"img":"https://static.tigerbbs.com/3a3e0635f15e5a112641b67d6b42dac1","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144695835","isVote":1,"tweetType":1,"viewCount":914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":146833368,"gmtCreate":1626064636854,"gmtModify":1703752655047,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146833368","repostId":"1121762629","repostType":4,"repost":{"id":"1121762629","kind":"news","pubTimestamp":1626057041,"share":"https://ttm.financial/m/news/1121762629?lang=&edition=fundamental","pubTime":"2021-07-12 10:30","market":"us","language":"en","title":"3 Red-Hot Stocks That Could Continue to Crush the Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1121762629","media":"Motley Fool","summary":"These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries hav","content":"<blockquote>\n <b>These growth and dividend stocks are thriving.</b>\n</blockquote>\n<p>Economic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. It sports a fair share of up-and-coming growth stocks, as well as large traditional businesses -- many of which are beating the market.</p>\n<p>We asked some of our contributors which stocks they thought could continue to crush the market. They chose&nbsp;<b>Zebra Technologies</b>(NASDAQ:ZBRA),<b>Waste Management</b>(NYSE:WM), and&nbsp;<b>NIO</b>(NYSE:NIO).</p>\n<p>Zebra Technologies stands out from the crowd</p>\n<p><b>Lee Samaha(Zebra Technologies):</b>Zebra's stock is up 111% over the last year and by 39% in 2021. That's a comfortable outperformance, and it comes as the company's technology has come to the fore during the pandemic.</p>\n<p>Zebra is a manufacturer of what management calls \"enterprise asset intelligence\" solutions. In plain English, mobile computers, barcode scanners, specialty printers, RFID printers and readers, and other products are used by workers to gather information. Real-world examples of its technology include e-commerce warehouses using scanners to monitor workflows, retailers managing inventory, and healthcare workers tracking and tracing medical products.</p>\n<p>Global supply chains came under a lot of stress during the pandemic, so, understandably, many companies are making investments in Zebra's technologies a priority. Whether companies are looking to invest in automating production in a warehouse or capturing data to use with advanced analytics in a retail or healthcare environment, Zebra's hardware and software solutions have the answer.</p>\n<p>As such, management expects adjusted net sales growth of 18% to 22% in 2021, having started the year forecasting 10% to 14%. Clearly, momentum is behind the company, and it's likely the expansion of smart automation and digitization in the industrial economy is going to encourage multi-year growth in sales of Zebra's solutions.</p>\n<p>Trading on 31 times estimated 2021 earnings, Zebra wouldn't be seen as avalue stockby most. Still, investors should keep an eye out for its results because it wouldn't be a surprise to see Zebra upgrade guidance again, given the reopening economy.</p>\n<p>Don't trash this dividend stock</p>\n<p><b>Daniel Foelber&nbsp;(Waste Management):</b>You may want to keep your distance when passing one of the hundreds of landfills owned by Waste Management, North America's largest integrated trash and recycling services company. But the company's stock performance has left investors smelling like a rose. Waste Management stock is up over 20% so far this year and just blasted to a new all-time high last week.</p>\n<p>While trash and recycling are a steady business model that tends to perform in good times and bad, Waste Management generates a substantial amount of revenue from its industrial and commercial clients. As business slowed during the pandemic, these businesses naturally produced less waste, which presented a challenge. The company responded by implementing cost-cutting measures, many of whichit expects will be permanent.</p>\n<p>These strategic decisions along with its resilient and diversified customer base across a slew of different industries helped it generate plenty of free cash flow (FCF) and net incometo support its dividend. The company just raised its dividend for the 18th consecutive year andinstituted a new share buyback program. All told, the company plans to distribute nearly $1 billion in dividends and buy back up to $1.35 billion in stock this year.</p>\n<p>Waste Management has the potential to combine its stable andrecession resilientbusiness model with the upside of environmentally conscious consumers who are increasingly interested in limiting waste output. During a recent talk at WasteExpo 2021, CEO Jim Fish highlighted the role Waste Management could play in managing and providing the waste necessary for companies to produce plastics and chemicals from sustainably sourced materials. Converting this proposition to profit remains uncertain. But it's a nice long-term trend that's worth following.</p>\n<p><b>Hitch a ride with this EV superstar</b></p>\n<p><b>Scott Levine(NIO):</b>NIO sputtered along during the first five months of 2021, falling nearly 21%, but the company's stock has taken a U-turn over the past few weeks and is charging higher. In fact, shares of NIO soared nearly 38% inJune&nbsp;while the<b>S&amp;P 500</b>crept more than 2% higher. And there's plenty of reason to believe that this EV manufacturer can continue racing ahead in the days to come.</p>\n<p>Inthe first quarter of 2021, NIO reported strong growth in the number of deliveries. Achieving a company quarterly record, NIO delivered 20,060 vehicles in the first quarter of the new year, representing year-over-year growth of 490%. But the record was short-lived. Last week, NIO announced that it delivered 21,896 vehicles, a year-over-year increase of 112%, in the second quarter, representing a new quarterly high-water mark.</p>\n<p>Looking beyond the second quarter, investors will find that the company is working at expanding its charging infrastructure in China through 2021 -- a move that will help assuage the fears of potential customers who are worried about the convenience of charging their vehicles. As of the end of the first quarter, NIO had 206 battery swap stations, yet management forecasts expanding this to over 700 stations by the end of the year. In addition, the company, which had 146 charging stations in its network at the end of March, plans on growing this out to 600 charging stations by year-end.</p>\n<p>Besides its efforts to grow its presence in China, NIO aspires to gain a foothold in Europe as well. Last month, the company announced it received approval for the production of its SUV, NIO ES8, including approval for the associated license registrations of the vehicle. The company plans to deliver the first vehicles to Norway, which will be NIO's first overseas market, in September.</p>\n<p>Providing customers in China with a variety of solutions for keeping their vehicles charged, NIO is aggressively addressing the range anxiety that plagues potential EV owners. It plans on bringing a similar suite of solutions to Europe when it begins deliveries of the vehicles -- something that is distinguishing it from its peers and which should help the company continue on the road to future growth.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Red-Hot Stocks That Could Continue to Crush the Market</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 Red-Hot Stocks That Could Continue to Crush the Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 10:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZBRA":"斑马技术","WM":"美国废物管理","NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/07/11/3-red-hot-stocks-that-could-continue-to-crush-the/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121762629","content_text":"These growth and dividend stocks are thriving.\n\nEconomic recovery concerns and inflation worries have been no match for a smoking-hot stock market. Theindustrial sectoris helping to lead the charge. It sports a fair share of up-and-coming growth stocks, as well as large traditional businesses -- many of which are beating the market.\nWe asked some of our contributors which stocks they thought could continue to crush the market. They chose Zebra Technologies(NASDAQ:ZBRA),Waste Management(NYSE:WM), and NIO(NYSE:NIO).\nZebra Technologies stands out from the crowd\nLee Samaha(Zebra Technologies):Zebra's stock is up 111% over the last year and by 39% in 2021. That's a comfortable outperformance, and it comes as the company's technology has come to the fore during the pandemic.\nZebra is a manufacturer of what management calls \"enterprise asset intelligence\" solutions. In plain English, mobile computers, barcode scanners, specialty printers, RFID printers and readers, and other products are used by workers to gather information. Real-world examples of its technology include e-commerce warehouses using scanners to monitor workflows, retailers managing inventory, and healthcare workers tracking and tracing medical products.\nGlobal supply chains came under a lot of stress during the pandemic, so, understandably, many companies are making investments in Zebra's technologies a priority. Whether companies are looking to invest in automating production in a warehouse or capturing data to use with advanced analytics in a retail or healthcare environment, Zebra's hardware and software solutions have the answer.\nAs such, management expects adjusted net sales growth of 18% to 22% in 2021, having started the year forecasting 10% to 14%. Clearly, momentum is behind the company, and it's likely the expansion of smart automation and digitization in the industrial economy is going to encourage multi-year growth in sales of Zebra's solutions.\nTrading on 31 times estimated 2021 earnings, Zebra wouldn't be seen as avalue stockby most. Still, investors should keep an eye out for its results because it wouldn't be a surprise to see Zebra upgrade guidance again, given the reopening economy.\nDon't trash this dividend stock\nDaniel Foelber (Waste Management):You may want to keep your distance when passing one of the hundreds of landfills owned by Waste Management, North America's largest integrated trash and recycling services company. But the company's stock performance has left investors smelling like a rose. Waste Management stock is up over 20% so far this year and just blasted to a new all-time high last week.\nWhile trash and recycling are a steady business model that tends to perform in good times and bad, Waste Management generates a substantial amount of revenue from its industrial and commercial clients. As business slowed during the pandemic, these businesses naturally produced less waste, which presented a challenge. The company responded by implementing cost-cutting measures, many of whichit expects will be permanent.\nThese strategic decisions along with its resilient and diversified customer base across a slew of different industries helped it generate plenty of free cash flow (FCF) and net incometo support its dividend. The company just raised its dividend for the 18th consecutive year andinstituted a new share buyback program. All told, the company plans to distribute nearly $1 billion in dividends and buy back up to $1.35 billion in stock this year.\nWaste Management has the potential to combine its stable andrecession resilientbusiness model with the upside of environmentally conscious consumers who are increasingly interested in limiting waste output. During a recent talk at WasteExpo 2021, CEO Jim Fish highlighted the role Waste Management could play in managing and providing the waste necessary for companies to produce plastics and chemicals from sustainably sourced materials. Converting this proposition to profit remains uncertain. But it's a nice long-term trend that's worth following.\nHitch a ride with this EV superstar\nScott Levine(NIO):NIO sputtered along during the first five months of 2021, falling nearly 21%, but the company's stock has taken a U-turn over the past few weeks and is charging higher. In fact, shares of NIO soared nearly 38% inJune while theS&P 500crept more than 2% higher. And there's plenty of reason to believe that this EV manufacturer can continue racing ahead in the days to come.\nInthe first quarter of 2021, NIO reported strong growth in the number of deliveries. Achieving a company quarterly record, NIO delivered 20,060 vehicles in the first quarter of the new year, representing year-over-year growth of 490%. But the record was short-lived. Last week, NIO announced that it delivered 21,896 vehicles, a year-over-year increase of 112%, in the second quarter, representing a new quarterly high-water mark.\nLooking beyond the second quarter, investors will find that the company is working at expanding its charging infrastructure in China through 2021 -- a move that will help assuage the fears of potential customers who are worried about the convenience of charging their vehicles. As of the end of the first quarter, NIO had 206 battery swap stations, yet management forecasts expanding this to over 700 stations by the end of the year. In addition, the company, which had 146 charging stations in its network at the end of March, plans on growing this out to 600 charging stations by year-end.\nBesides its efforts to grow its presence in China, NIO aspires to gain a foothold in Europe as well. Last month, the company announced it received approval for the production of its SUV, NIO ES8, including approval for the associated license registrations of the vehicle. The company plans to deliver the first vehicles to Norway, which will be NIO's first overseas market, in September.\nProviding customers in China with a variety of solutions for keeping their vehicles charged, NIO is aggressively addressing the range anxiety that plagues potential EV owners. It plans on bringing a similar suite of solutions to Europe when it begins deliveries of the vehicles -- something that is distinguishing it from its peers and which should help the company continue on the road to future growth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146839663,"gmtCreate":1626064594752,"gmtModify":1703752654063,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Ohh&nbsp;","listText":"Ohh&nbsp;","text":"Ohh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146839663","repostId":"1114863871","repostType":4,"repost":{"id":"1114863871","kind":"news","pubTimestamp":1626039626,"share":"https://ttm.financial/m/news/1114863871?lang=&edition=fundamental","pubTime":"2021-07-12 05:40","market":"us","language":"en","title":"Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1114863871","media":"Barron's","summary":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% a","content":"<p>Second-quarter earnings season gets under way&nbsp;this week, with several big banks reporting.&nbsp;JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.</p>\n<p>Other major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.</p>\n<p>The week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday,&nbsp;followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.</p>\n<p>Investors and economists will also get a look at a pair of sentiment surveys this week:&nbsp;The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The&nbsp;Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.</p>\n<p><img src=\"https://static.tigerbbs.com/1508a89eaa3fb959feaaa832797a2c48\" tg-width=\"1176\" tg-height=\"360\"></p>\n<p><b>Monday 7/12</b></p>\n<p>FedExhosts a conference call to update the investment community on its business outlook.</p>\n<p><b>Tuesday 7/13</b></p>\n<p>JPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.</p>\n<p>Conagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.</p>\n<p>Dell Technologieshosts a conference call to discuss its ESG strategy.</p>\n<p><b>The Bureau of Labor</b>&nbsp;Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.</p>\n<p><b>The National Federation</b>&nbsp;of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.</p>\n<p><b>Wednesday 7/14</b></p>\n<p>Bank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.</p>\n<p><b>The Federal Reserve</b>&nbsp;releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.</p>\n<p><b>The BLS releases</b>&nbsp;the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.</p>\n<p><b>Thursday 7/15</b></p>\n<p>Bank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.</p>\n<p><b>Friday 7/16</b></p>\n<p>Charles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.</p>\n<p><b>The Bank of Japan</b>&nbsp;announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.</p>\n<p><b>The University of Michigan</b>&nbsp;releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.</p>\n<p><b>The Census Bureau</b>&nbsp;reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.</p>","source":"lsy1610680873436","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>Chase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChase, Delta, Goldman Sachs, PepsiCo, and Other Stocks to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 05:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MS":"摩根士丹利","GS":"高盛","BAC":"美国银行","TSM":"台积电","JPM":"摩根大通","WFC":"富国银行","C":"花旗"},"source_url":"https://www.barrons.com/articles/stocks-for-investors-to-watch-this-week-51625883421","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114863871","content_text":"Second-quarter earnings season gets under way this week, with several big banks reporting. JPMorgan ChaseandGoldman SachsGroup kick things off on Tuesday, followed byBank of America,Wells Fargo,andCitigroupon Wednesday andMorgan Stanleyon Thursday.\nOther major companies reporting this week includePepsiCoandFastenalon Tuesday,Delta Air Lineson Wednesday,Taiwan Semiconductor ManufacturingandUnitedHealth Groupon Thursday, andKansas City Southernon Friday.\nThe week’s economic calendar will be equally busy. The Bureau of Labor Statistics releases the consumer price index for June on Tuesday, followed by the producer price index for June on Wednesday. Expectations are for year-over-year increases of 4.0% and 6.4%, respectively, in the core CPI and core PPI.\nInvestors and economists will also get a look at a pair of sentiment surveys this week: The National Federation of Independent Business’ Small Business Optimism Index for June on Tuesday and The University of Michigan’s Consumer Sentiment index for July on Friday. The Federal Reserve releases its latest beige book on Wednesday, the Census Bureau reports retail-sales data for June on Friday, and theBank of Japanannounces its latest monetary-policy decision on Friday.\n\nMonday 7/12\nFedExhosts a conference call to update the investment community on its business outlook.\nTuesday 7/13\nJPMorgan Chase and Goldman Sachs Group kick off earnings season by reporting results before the market open. The two money-center banks recently lifted their dividends 11% and 60%, respectively.\nConagra Brands,Fastenal,First Republic Bank,and PepsiCo report quarterly results.\nDell Technologieshosts a conference call to discuss its ESG strategy.\nThe Bureau of Labor Statistics releases the consumer price index for June. Economists forecast a 4.9% year-over-year rise, after a 5% jump in May—the fastest rate of growth since August 2008. The core CPI, which excludes volatile food and energy prices, is expected to increase 4% compared with 3.8% previously.\nThe National Federation of Independent Business releases its Small Business Optimism Index for June. Consensus estimate is for a 99.5 reading, about even with the May figure.\nWednesday 7/14\nBank of America,BlackRock,Citigroup, Delta Air Lines,PNC Financial Services Group,and Wells Fargo release earnings.\nThe Federal Reserve releases the beige book for the fifth of eight times this year. The report gathers anecdotal evidence of current economic conditions in the 12 Federal Reserve districts.\nThe BLS releases the producer price index for June. Expectations are for both the PPI and core PPI to increase 0.5% month over month. This compares with gains of 0.8% and 0.7%, respectively, in May.\nThursday 7/15\nBank of New York Mellon,Cintas,Morgan Stanley, Taiwan Semiconductor Manufacturing,Truist Financial,U.S. Bancorp,and UnitedHealth Group hold conference calls to discuss quarterly results.\nFriday 7/16\nCharles Schwab,Ericsson,Kansas City Southern, andState Streetannounce earnings.\nThe Bank of Japan announces its monetary-policy decision. The central bank is widely expected to keep its key short-term interest rate unchanged at negative 0.1%. In June, the BOJ said it would launch a climate-change plan by the end of this year, and would release a preliminary plan at its July meeting. This could take the form of higher interest rates paid to banks for green-lending measures.\nThe University of Michigan releases its Consumer Sentiment index for July. Economists forecast an 86.5 reading, slightly higher than June’s 85.5. The index is still well below its levels from just prior to the pandemic.\nThe Census Bureau reports retail-sales data for June. Consensus estimate is for a 0.5% monthly decline in spending to $617 billion, after slumping 1.3% in May.","news_type":1},"isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151952792,"gmtCreate":1625062328116,"gmtModify":1703735198197,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Oh&nbsp;","listText":"Oh&nbsp;","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151952792","repostId":"1114908330","repostType":4,"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150481071,"gmtCreate":1624924608793,"gmtModify":1703847913351,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150481071","repostId":"1163614299","repostType":4,"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":807319929,"gmtCreate":1628000109861,"gmtModify":1703499428585,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/USEG\">$US Energy Corp(USEG)$</a>baddddddd&nbsp;","listText":"<a href=\"https://laohu8.com/S/USEG\">$US Energy Corp(USEG)$</a>baddddddd&nbsp;","text":"$US Energy Corp(USEG)$baddddddd","images":[{"img":"https://static.tigerbbs.com/07567cab16636b2fbb45431e64469618","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/807319929","isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144694400,"gmtCreate":1626278213700,"gmtModify":1703757081623,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Hmms... worth?&nbsp;","listText":"Hmms... worth?&nbsp;","text":"Hmms... worth?","images":[{"img":"https://static.tigerbbs.com/1cc2e02fbd7ac48a18e28c7dc2f908fd","width":"1125","height":"3338"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144694400","isVote":1,"tweetType":1,"viewCount":603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":146831395,"gmtCreate":1626064690617,"gmtModify":1703752656196,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Hi&nbsp;","listText":"Hi&nbsp;","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/146831395","repostId":"1189655421","repostType":4,"isVote":1,"tweetType":1,"viewCount":595,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151954984,"gmtCreate":1625062355048,"gmtModify":1703735199511,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151954984","repostId":"2147890552","repostType":4,"repost":{"id":"2147890552","kind":"highlight","pubTimestamp":1625046365,"share":"https://ttm.financial/m/news/2147890552?lang=&edition=fundamental","pubTime":"2021-06-30 17:46","market":"us","language":"en","title":"Why Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake","url":"https://stock-news.laohu8.com/highlight/detail?id=2147890552","media":"Motley Fool","summary":"Focus less on results and more on the process for making your decisions.","content":"<p>Warren Buffett might be <a href=\"https://laohu8.com/S/AONE\">one</a> of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at <b>Berkshire Hathaway </b>(NYSE:BRK.A) (NYSE:BRK.B), Buffett has had plenty of time to make moves that in hindsight have cost the insurance conglomerate and its shareholders billions of dollars.</p>\n<p>One of Buffett's most recent moves to receive criticism from investors is his handling of Berkshire's holdings of airline stocks in the immediate aftermath of the COVID-19 pandemic. Many point simply to the terrible result of selling at which proved to be just about the absolute low point in the pandemic-driven sell-off. But results-oriented thinking can lead to misleading conclusions that in the end can keep you from becoming a better investor.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e22701209a2d3771df1ea06f7784da80\" tg-width=\"700\" tg-height=\"469\"><span>Image source: Getty Images.</span></p>\n<h2>A short history of Buffett's latest airline investments</h2>\n<p>Buffett has long been a skeptic of airline investments, noting their history of bankruptcies and destruction of shareholder value. It was therefore surprising for many to see Berkshire build up significant positions in <b>Delta Air Lines </b>(NYSE:DAL), <b>Southwest Airlines </b>(NYSE:LUV), <b>American Airlines Group </b>(NASDAQ:AAL), and <b>United Airlines Holdings </b>(NASDAQ:UAL) starting in 2016.</p>\n<p>By early 2020, Berkshire's stakes in a couple of his airline holdings had reached 10%. There was even speculation that Berkshire would buy an airline outright.</p>\n<p>Yet as the pandemic brought air travel to a halt, Buffett made an about face during the spring of 2020. He made substantial sales of airline stocks in early April and then exited all of his positions by the 2020 shareholder meeting in early May.</p>\n<p>Since then, airline stocks have recovered sharply. By <a href=\"https://laohu8.com/S/AONE.U\">one</a> account, had Buffett held on to his stocks, then they would be worth nearly $5 billion more than the sales proceeds he actually got.</p>\n<h2>Buffett thinks in bets</h2>\n<p>As big a blunder as that might seem, the apparent lost opportunity is only a mistake from the viewpoint of what actually happened. But as decision strategist and world-class poker player Annie <a href=\"https://laohu8.com/S/DEX.AU\">Duke</a> explains in her book <i>Thinking in Bets</i>, relying on results-oriented thinking can be dangerous.</p>\n<p>Buffett has made his rationale for selling airline stocks quite clear:</p>\n<ul>\n <li>Although there was a chance that the government would step in to bail out airlines, it was far from a foregone conclusion at the time. Indeed, had Berkshire held on to its position, the government might well have been <i>less </i>inclined to offer assistance, jeopardizing the airlines' future. Moreover, much of that assistance came in the form of outright grants that airlines won't have to repay -- a move that still rankles some who argued that small businesses should get the same level of support.</li>\n <li>Even now, airlines still face big hurdles. Although domestic travel has opened up significantly, there are still substantial restrictions on the international routes that Delta, American, and United rely on for much of their sales and profits. Debt levels are higher than they were before the pandemic as well.</li>\n <li>Business travel might yet <i>never </i>return to pre-pandemic levels. Innovations like improved video conferencing and remote work arrangements are here to stay, and they'll likely displace at least a fraction of air travel indefinitely.</li>\n</ul>\n<p>Of course, Buffett couldn't be certain that his worst-case scenarios would come true. But again, that's not the right metric to use. As Duke explains, \"What makes a great decision is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. That state of knowledge, in turn, is some variation of 'I'm not sure.'\"</p>\n<p>In other words, there's nothing wrong with embracing the uncertainty inherent in any decision. Great decision-makers won't get great results <i>every </i>time, but their superior processes will lead to superior performance <i>much </i>of the time. In investing, that's all you need to succeed.</p>\n<h2>Be a better investor</h2>\n<p>Instead of spending time congratulating yourself for stocks that go up and beating yourself up over stocks that go down, the better path to become a smarter investor is to look more closely at your decision-making process to make sure it's as strong as it can be. The more you focus on putting the odds in your favor, the more likely it is you'll find the same investment success that Buffett is famous for.</p>","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 Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake</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 Warren Buffett's $5 Billion Airline Debacle Wasn't Actually a Mistake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 17:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett might be one of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at Berkshire Hathaway (NYSE:BRK.A) (...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LUV":"西南航空","UAL":"联合大陆航空","BRK.B":"伯克希尔B","AAL":"美国航空","BRK.A":"伯克希尔","DAL":"达美航空"},"source_url":"https://www.fool.com/investing/2021/06/30/warren-buffett-5-billion-airline-losses-no-mistake/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147890552","content_text":"Warren Buffett might be one of the most successful investors in stock market history, but he doesn't hesitate to admit that he makes mistakes. In his long history at Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), Buffett has had plenty of time to make moves that in hindsight have cost the insurance conglomerate and its shareholders billions of dollars.\nOne of Buffett's most recent moves to receive criticism from investors is his handling of Berkshire's holdings of airline stocks in the immediate aftermath of the COVID-19 pandemic. Many point simply to the terrible result of selling at which proved to be just about the absolute low point in the pandemic-driven sell-off. But results-oriented thinking can lead to misleading conclusions that in the end can keep you from becoming a better investor.\nImage source: Getty Images.\nA short history of Buffett's latest airline investments\nBuffett has long been a skeptic of airline investments, noting their history of bankruptcies and destruction of shareholder value. It was therefore surprising for many to see Berkshire build up significant positions in Delta Air Lines (NYSE:DAL), Southwest Airlines (NYSE:LUV), American Airlines Group (NASDAQ:AAL), and United Airlines Holdings (NASDAQ:UAL) starting in 2016.\nBy early 2020, Berkshire's stakes in a couple of his airline holdings had reached 10%. There was even speculation that Berkshire would buy an airline outright.\nYet as the pandemic brought air travel to a halt, Buffett made an about face during the spring of 2020. He made substantial sales of airline stocks in early April and then exited all of his positions by the 2020 shareholder meeting in early May.\nSince then, airline stocks have recovered sharply. By one account, had Buffett held on to his stocks, then they would be worth nearly $5 billion more than the sales proceeds he actually got.\nBuffett thinks in bets\nAs big a blunder as that might seem, the apparent lost opportunity is only a mistake from the viewpoint of what actually happened. But as decision strategist and world-class poker player Annie Duke explains in her book Thinking in Bets, relying on results-oriented thinking can be dangerous.\nBuffett has made his rationale for selling airline stocks quite clear:\n\nAlthough there was a chance that the government would step in to bail out airlines, it was far from a foregone conclusion at the time. Indeed, had Berkshire held on to its position, the government might well have been less inclined to offer assistance, jeopardizing the airlines' future. Moreover, much of that assistance came in the form of outright grants that airlines won't have to repay -- a move that still rankles some who argued that small businesses should get the same level of support.\nEven now, airlines still face big hurdles. Although domestic travel has opened up significantly, there are still substantial restrictions on the international routes that Delta, American, and United rely on for much of their sales and profits. Debt levels are higher than they were before the pandemic as well.\nBusiness travel might yet never return to pre-pandemic levels. Innovations like improved video conferencing and remote work arrangements are here to stay, and they'll likely displace at least a fraction of air travel indefinitely.\n\nOf course, Buffett couldn't be certain that his worst-case scenarios would come true. But again, that's not the right metric to use. As Duke explains, \"What makes a great decision is not that it has a great outcome. A great decision is the result of a good process, and that process must include an attempt to accurately represent our own state of knowledge. That state of knowledge, in turn, is some variation of 'I'm not sure.'\"\nIn other words, there's nothing wrong with embracing the uncertainty inherent in any decision. Great decision-makers won't get great results every time, but their superior processes will lead to superior performance much of the time. In investing, that's all you need to succeed.\nBe a better investor\nInstead of spending time congratulating yourself for stocks that go up and beating yourself up over stocks that go down, the better path to become a smarter investor is to look more closely at your decision-making process to make sure it's as strong as it can be. The more you focus on putting the odds in your favor, the more likely it is you'll find the same investment success that Buffett is famous for.","news_type":1},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150480422,"gmtCreate":1624924557866,"gmtModify":1703847910122,"author":{"id":"4087969217298310","authorId":"4087969217298310","name":"SamYLynn","avatar":"https://static.tigerbbs.com/2581a5661edccdf8baba42d6c0fe2d18","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4087969217298310","authorIdStr":"4087969217298310"},"themes":[],"htmlText":"Comment","listText":"Comment","text":"Comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150480422","repostId":"1105982179","repostType":4,"isVote":1,"tweetType":1,"viewCount":294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}