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2022-08-11

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Single-Stock Funds Are Taking Off. What You Need to Know

2022-08-15

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2022-08-10

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2022-08-25

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3 Top Dividend Stocks With 9% to 15% Dividend Increases in 2022

2022-08-15

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2022-08-14

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2022-08-10

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Tesla: The EV Tax Credit Is A Huge Catalyst

2022-09-02

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2022-09-01

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2022-08-31

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13:52","market":"us","language":"en","title":"3 Top Dividend Stocks With 9% to 15% Dividend Increases in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2262721126","media":"Motley Fool","summary":"The best dividend stocks to consider buying now include those of two leading utilities and one of a maker of popular candies and snack foods.","content":"<div>\n<p>In 2022, inflation is high, interest rates are rising, and pandemic-associated supply chain constraints persist. Yet some companies continue to turn in solid financial results and raise their ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/24/best-dividend-stocks-2022/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Dividend Stocks With 9% to 15% Dividend Increases in 2022</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 Top Dividend Stocks With 9% to 15% Dividend Increases in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-25 13:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/24/best-dividend-stocks-2022/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 2022, inflation is high, interest rates are rising, and pandemic-associated supply chain constraints persist. Yet some companies continue to turn in solid financial results and raise their ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/24/best-dividend-stocks-2022/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NEE":"新纪元能源","AWK":"美国水务","HSY":"好时"},"source_url":"https://www.fool.com/investing/2022/08/24/best-dividend-stocks-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262721126","content_text":"In 2022, inflation is high, interest rates are rising, and pandemic-associated supply chain constraints persist. Yet some companies continue to turn in solid financial results and raise their dividends.Three such top companies are confectionary behemoth The Hershey Company, electric utility giant NextEra Energy, and U.S. water utility leader American Water Works.All three of these dividend stocks have outperformed the market over the long term. And there's no reason to believe that they won't continue to do so. All three are worth considering buying now if you're an investor with a long-term investing mindset.Hershey: 15% dividend increase in 2022High inflation has caused most retailers to increase their prices, which has resulted in consumers decreasing their consumption of many products. But as I recently wrote in my coverage of Hershey's second-quarter results, \"inflation is no match for consumers' sweet (and salty) tooth,\" at least when it comes to the company's products.Indeed, the confectionary and salty-snack food maker continues to turn in robust financial results. Its stable of longtime popular brands -- including its namesake brand, Reese's, Kit Kat, and Twizzlers -- give it an enviable pricing power.In recent years, Hershey has aggressively expanded into the salty-snack food space, which has helped boost its revenue growth. Acquisitions have added such consumer favorites as SkinnyPop Popcorn, Pirate's Booty puffed rice and corn snacks, and Dot's Pretzels to the company's product offerings.Hershey's most recent quarterly dividend marks its 371st consecutive quarterly dividend on its common stock, which means that it's paid a quarterly dividend every quarter since going public in 1978. The stock's dividend yield is about 1.8% as of the market close on Aug. 24.NextEra Energy: 10.4% dividend increase in 2022NextEra Energy, which owns Florida Power & Light Company, is the largest regulated electric utility in the United States. It also has the distinction of being the world's largest generator of renewable energy from the wind and sun, as well as a global leader in battery storage.Its main catalysts for growth include the steadily increasing population in Florida and the overall growth of the renewable energy space. The company should benefit from the transitioning of the country's vehicle fleet to electric power. Moreover, it has a new avenue for growth thanks to its recent entrance into the U.S. regulated water and wastewater utility industry.NextEra has raised its dividend for 28 consecutive years. Moreover, management expects to increase the dividend about 10% a year through at least 2024. The stock's dividend yield is about 1.9% as of the market close on Aug. 24.American Water Works: 8.7% dividend increase in 2022American Water Works is the largest U.S. water and wastewater utility. It has regulated operations in 14 states and provides services to military bases across the country through extremely long-term contracts.Consumers and businesses aren't apt to cut back (or at least not much) on their water usage even in tough economic times. And wastewater services are probably as essential a service as it gets.American Water is the most attractive stock in its sector largely because of its industry-leading size and geographic diversity. Among other benefits, these traits make it best positioned to grow through acquisitions.The company has raised its dividend every year since it went public in 2008. Through 2026, management has guided for dividend growth to average at the high end of the 7% to 10% range. The stock's dividend yield is about 1.9% as of the market close on Aug. 24.","news_type":1,"symbols_score_info":{"HSY":0.9,"NEE":0.9,"AWK":0.9}},"isVote":1,"tweetType":1,"viewCount":2705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995314649,"gmtCreate":1661408627484,"gmtModify":1676536513624,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","text":"$DJIA(.DJI)$Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995314649","isVote":1,"tweetType":1,"viewCount":2820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9996605009,"gmtCreate":1661154829903,"gmtModify":1676536463364,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a><v-v data-views=\"0\"></v-v>Bearish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a><v-v data-views=\"0\"></v-v>Bearish&nbsp;","text":"$S&P 500(.SPX)$Bearish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9996605009","isVote":1,"tweetType":1,"viewCount":2724,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9993427572,"gmtCreate":1660719515798,"gmtModify":1676536386542,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","text":"$DJIA(.DJI)$Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9993427572","isVote":1,"tweetType":1,"viewCount":2550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999550756,"gmtCreate":1660558887679,"gmtModify":1676534579257,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999550756","repostId":"1147687330","repostType":4,"repost":{"id":"1147687330","kind":"news","pubTimestamp":1660558650,"share":"https://ttm.financial/m/news/1147687330?lang=en_US&edition=fundamental","pubTime":"2022-08-15 18:17","market":"sg","language":"en","title":"Singapore Stocks Kick off Trading Week in the Red, STI Down 0.4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1147687330","media":"businesstimes","summary":"LOCAL shares took a hit on the first trading day of the week, as investors kept a close eye on key g","content":"<div>\n<p>LOCAL shares took a hit on the first trading day of the week, as investors kept a close eye on key global economic issues such as inflation rates, the tensions in Taiwan, as well as potential further ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-stocks-kick-off-trading-week-in-the-red-sti-down-04\">Source Link</a>\n\n</div>\n","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>Singapore Stocks Kick off Trading Week in the Red, STI Down 0.4%</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore Stocks Kick off Trading Week in the Red, STI Down 0.4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-15 18:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/stocks/singapore-stocks-kick-off-trading-week-in-the-red-sti-down-04><strong>businesstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LOCAL shares took a hit on the first trading day of the week, as investors kept a close eye on key global economic issues such as inflation rates, the tensions in Taiwan, as well as potential further ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/stocks/singapore-stocks-kick-off-trading-week-in-the-red-sti-down-04\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/stocks/singapore-stocks-kick-off-trading-week-in-the-red-sti-down-04","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147687330","content_text":"LOCAL shares took a hit on the first trading day of the week, as investors kept a close eye on key global economic issues such as inflation rates, the tensions in Taiwan, as well as potential further interest rate hikes by the Federal Reserve.On the Singapore bourse, the benchmark Straits Times Index shed 0.4 per cent or 12.45 points on Monday (Aug 15) to end at 3,256.82. Across the broader market, decliners narrowly inched past advancers 238 to 229. Daily turnover came in at just over 1.6 billion securities worth a collective S$1.1 billion.Song Seng Wun, an economist at CIMB Bank, said all eyes are on the Fed’s upcoming meeting on Aug 17.“Given that the weaker-than-forecast headline inflation were due mainly to lower pump prices and energy costs which offset increases in the sub-indices for food and shelter, it might be premature to declare that the Fed’s fight to contain inflation is won, especially given the still-resilient US labour market. The unchanged core inflation reading still hint at firm underlying demand pull pressures,” he said.He noted that in the previous trading week, market participants “chose not to heed warnings from several Fed officials” that US inflation was still unacceptably high, and that the Fed would need to continue to raise rates and that the fight against inflation is far from over.In Singapore, a number of top gainers were those who had announced an improvement in financial results in the later part of last week.Semiconductor player AEM was the top gainer on Monday, as investors took their cue from the company’s upbeat financial results for H1 ended June. The company on Friday reported earnings of S$82.8 million versus S$29.6 million in the corresponding year-ago period, and said it was on track for a “record year”. The stock on Monday gained 5.5 per cent or S$0.24 to S$4.62.Investors also piled into Straits Trading after the company declared a special dividend on the back of strong H1 results. The stock ended Monday at S$3.27, up 6.9 per cent or S$0.21.City Developments, which swung into the black for H1 with a record S$1.1 billion profit from a net loss of S$32.1 million in the year-ago period, was another top gainer. The counter added 1.3 per cent or S$0.11 to S$8.45.Jardine Matheson Holdings was the biggest loser of the day, shedding 2.1 per cent or US$1.07 to US$50.13. Jardine Cycle and Carriage was another top decliner, falling 1.9 per cent or S$0.58 to S$30.61.Sembcorp Marine was the most actively traded counter for the day, with some 248.3 million shares changing hands. The counter closed at S$0.107, down 3.6 per cent or S$0.004.Other heavily traded counters included Oceanus, Jiutian Chemical and Genting Singapore.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999550498,"gmtCreate":1660558865116,"gmtModify":1676534578512,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999550498","repostId":"1147687330","repostType":4,"isVote":1,"tweetType":1,"viewCount":3459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999509508,"gmtCreate":1660543818105,"gmtModify":1676533706032,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","text":"$S&P 500(.SPX)$Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999509508","isVote":1,"tweetType":1,"viewCount":923,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999509998,"gmtCreate":1660543726716,"gmtModify":1676533700856,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999509998","repostId":"9999272665","repostType":1,"repost":{"id":9999272665,"gmtCreate":1660542898965,"gmtModify":1676533641164,"author":{"id":"3581557180344145","authorId":"3581557180344145","name":"Dogecake","avatar":"https://static.tigerbbs.com/d76d36c16d4030fabec7511a03e9c987","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581557180344145","idStr":"3581557180344145"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/J69U.SI\">$FRASERS CENTREPOINT TRUST(J69U.SI)$</a>FCT (J69U): Frasers Centrepoint Trust, one of the larger retail REITs, has reported that tenants’ sales for its 3QFY2022 ended June has increased by 23% over the same quarter last year. On average, the sales have even reached a level 10% higher than pre-pandemic levels on average.Shopper traffic, meanwhile, was up 32% y-o-y for the same quarter, and was around 79% pre-pandemic levels, says FCT in its 3Q quarterly business update.FCT owns a $6.1 billion portfolio of nine malls with a total net lettable area of 2.3 million square feet, such as Causeway Point and Waterway Point.Overall, the REIT’s retail portfolio was 97.1% occupied for 3QFY2022, slightly lower from the last quarter.","listText":"<a href=\"https://ttm.financial/S/J69U.SI\">$FRASERS CENTREPOINT TRUST(J69U.SI)$</a>FCT (J69U): Frasers Centrepoint Trust, one of the larger retail REITs, has reported that tenants’ sales for its 3QFY2022 ended June has increased by 23% over the same quarter last year. On average, the sales have even reached a level 10% higher than pre-pandemic levels on average.Shopper traffic, meanwhile, was up 32% y-o-y for the same quarter, and was around 79% pre-pandemic levels, says FCT in its 3Q quarterly business update.FCT owns a $6.1 billion portfolio of nine malls with a total net lettable area of 2.3 million square feet, such as Causeway Point and Waterway Point.Overall, the REIT’s retail portfolio was 97.1% occupied for 3QFY2022, slightly lower from the last quarter.","text":"$FRASERS CENTREPOINT TRUST(J69U.SI)$FCT (J69U): Frasers Centrepoint Trust, one of the larger retail REITs, has reported that tenants’ sales for its 3QFY2022 ended June has increased by 23% over the same quarter last year. On average, the sales have even reached a level 10% higher than pre-pandemic levels on average.Shopper traffic, meanwhile, was up 32% y-o-y for the same quarter, and was around 79% pre-pandemic levels, says FCT in its 3Q quarterly business update.FCT owns a $6.1 billion portfolio of nine malls with a total net lettable area of 2.3 million square feet, such as Causeway Point and Waterway Point.Overall, the REIT’s retail portfolio was 97.1% occupied for 3QFY2022, slightly lower from the last quarter.","images":[{"img":"https://community-static.tradeup.com/news/c5fa48be949ed969c6c9bf14f8ee5f36","width":"1170","height":"2085"}],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999272665","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999334901,"gmtCreate":1660462303705,"gmtModify":1676533475829,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999334901","repostId":"2259704438","repostType":2,"isVote":1,"tweetType":1,"viewCount":1048,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999339670,"gmtCreate":1660460759793,"gmtModify":1676533475653,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a><v-v data-views=\"0\"></v-v>Bearish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a><v-v data-views=\"0\"></v-v>Bearish&nbsp;","text":"$S&P 500(.SPX)$Bearish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999339670","isVote":1,"tweetType":1,"viewCount":1038,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990553690,"gmtCreate":1660373557912,"gmtModify":1676533461646,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","text":"$DJIA(.DJI)$Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990553690","isVote":1,"tweetType":1,"viewCount":975,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990158738,"gmtCreate":1660313592726,"gmtModify":1676533449435,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","text":"$Apple(AAPL)$Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990158738","isVote":1,"tweetType":1,"viewCount":1321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907270784,"gmtCreate":1660205531550,"gmtModify":1703479092636,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Damn that's not good","listText":"Damn that's not good","text":"Damn that's not good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907270784","repostId":"1126640682","repostType":2,"repost":{"id":"1126640682","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":1660205415,"share":"https://ttm.financial/m/news/1126640682?lang=en_US&edition=fundamental","pubTime":"2022-08-11 16:10","market":"us","language":"en","title":"Invitae Crashed Over 14% in Premarket Trading After Surging 276.86% Yesterday for Q2 Financial Results","url":"https://stock-news.laohu8.com/highlight/detail?id=1126640682","media":"Tiger Newspress","summary":"Invitae crashed over 14% in premarket trading after surging 276.86% yesterday for Q2 financial resul","content":"<html><head></head><body><p>Invitae crashed over 14% in premarket trading after surging 276.86% yesterday for Q2 financial results.<img src=\"https://static.tigerbbs.com/7892b629328b6fd02391a31a3f1caf8e\" tg-width=\"674\" tg-height=\"552\" width=\"100%\" height=\"auto\"/></p><p>Its revenue increased 17.5% to $136.6 million, in line with analyst expectations, according to FactSet.</p><p>Stripping out one-time items, the company reported an adjusted loss of 68 cents a share. Analysts polled by FactSet had been expecting an adjusted loss of 76 cents a share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Invitae Crashed Over 14% in Premarket Trading After Surging 276.86% Yesterday for Q2 Financial Results</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\">\nInvitae Crashed Over 14% in Premarket Trading After Surging 276.86% Yesterday for Q2 Financial Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-11 16:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Invitae crashed over 14% in premarket trading after surging 276.86% yesterday for Q2 financial results.<img src=\"https://static.tigerbbs.com/7892b629328b6fd02391a31a3f1caf8e\" tg-width=\"674\" tg-height=\"552\" width=\"100%\" height=\"auto\"/></p><p>Its revenue increased 17.5% to $136.6 million, in line with analyst expectations, according to FactSet.</p><p>Stripping out one-time items, the company reported an adjusted loss of 68 cents a share. Analysts polled by FactSet had been expecting an adjusted loss of 76 cents a share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVTA":"Invitae Corporation"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126640682","content_text":"Invitae crashed over 14% in premarket trading after surging 276.86% yesterday for Q2 financial results.Its revenue increased 17.5% to $136.6 million, in line with analyst expectations, according to FactSet.Stripping out one-time items, the company reported an adjusted loss of 68 cents a share. Analysts polled by FactSet had been expecting an adjusted loss of 76 cents a share.","news_type":1,"symbols_score_info":{"NVTA":0.9}},"isVote":1,"tweetType":1,"viewCount":1264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907224463,"gmtCreate":1660201835554,"gmtModify":1703479055830,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907224463","repostId":"2258505270","repostType":2,"repost":{"id":"2258505270","kind":"highlight","pubTimestamp":1660202513,"share":"https://ttm.financial/m/news/2258505270?lang=en_US&edition=fundamental","pubTime":"2022-08-11 15:21","market":"us","language":"en","title":"Single-Stock Funds Are Taking Off. What You Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=2258505270","media":"Barrons","summary":"Exchange-traded funds gained dominance in recent decades as they allowed investors to trade thousand","content":"<html><head></head><body><p>Exchange-traded funds gained dominance in recent decades as they allowed investors to trade thousands of stocks at the same time, and at a low cost. Now, a new breed of ETFs allows investors to make outsize bets -- bullish or bearish -- on single stock names.</p><p>These new products, with risks significantly greater than those of conventional funds, are sending a sign that the appetite for speculation is on the rise.</p><p>Last month, AXS Investments launched eight ETFs that allow investors to bet on, or against, a single stock using derivatives such as options and futures -- in some cases, amplifying gains or losses with leverage. Stocks underlying the funds include Tesla (ticker: TSLA), Pfizer (PFE), Nvidia (NVDA), PayPal Holdings (PYPL), and Nike (NKE). This past week, Direxion and GraniteShares each debuted four single-stock ETFs, covering Tesla, Apple (AAPL), and Coinbase Global (COIN).</p><p>The AXS TSLA Bear Daily ETF (TSLQ), for example, returns the inverse of Tesla shares&#39; daily performance, while the Direxion Daily TSLA Bull 1.5X ETF (TSLL) aims to deliver 1.5 times Tesla&#39;s daily returns.</p><p>In the past, investors who wanted to make bearish or outsize bets on a stock had to open a margin account and learn how to trade derivatives. Now, they can simply buy the ETFs through regular brokerage accounts alongside other investments. The convenient access is a major advantage -- plus, they&#39;re a little safer: Investors can&#39;t lose more than their initial investment, as they can in a margin account.</p><p>But the downsides are pretty obvious, too. Inverse and leveraged funds often come with hefty fees. The single-stock ETFs from AXS and GraniteShares charge an expense ratio of 1.15%, while the Direxion funds carry a fee of 0.95%. Most index-tracking ETFs have fees of less than 0.1%.</p><p>Inverse and leveraged ETFs aren&#39;t suitable for investors with a long-term view. The funds rebalance daily, since they seek only to track the underlying asset&#39;s performances for one day. That means investors holding over a longer period might see returns significantly deviate from what they&#39;d expect, especially in volatile markets.</p><p>&#34;These products are best suited for investors who have a stomach for volatility and trade on very short horizons,&#34; says Todd Rosenbluth, head of research at ETF data and analytics firm VettaFi. &#34;The longer you own, the greater the potential risks you face.&#34;</p><p>Leveraged and inverse funds aren&#39;t new concepts, but until recently, they have mostly tracked broad-market indexes, since single stocks are usually more volatile and could bring unwanted risks for investors who don&#39;t know what they&#39;re getting into.</p><p>Tesla stock, for example, had swung up more than 100% and then lost all those gains in a year&#39;s time. Betting against the stock, even in an ETF, could have led to a total wipeout of the investment. The AXS TSLA Bear Daily ETF has lost a fifth of its value since its launch, as Tesla shares gained 24% during the period.</p><p>Single-stock funds have been available in Europe for years, and the U.S. market is now mature enough to embrace them, as well, AXS Investments CEO Greg Bassuk tells Barron&#39;s.</p><p>&#34;We are allowing traders to express their high-conviction views in single companies rather than a broader basket,&#34; he says, adding that the funds are suitable only for those with the &#34;ability and financial knowledge to actively trade their portfolios on a daily basis.&#34;</p><p>In the hands of experienced and capable traders, derivatives can be used to profit from price-moving events such as earnings reports. The problem is, the ETF structure has opened the gate to everybody. At a time of an uncertain economic outlook and bleak market returns, single-stock ETFs could entice amateur investors into risky and speculative trades -- much like the &#34;meme stock&#34; movement has.</p><p>&#34;Investor education around these products will be critical as they are introduced into the market,&#34; wrote Aniket Ullal, head of CFRA, an investment research company, last month.</p><p>AXS&#39; TSLA Bear ETF currently has nearly 900,000 shares outstanding, but an average of 1.2 million shares have changed hands daily since its launch. For the fund&#39;s size, trading has been much more active than the broad-market inverse funds. &#34;I worry that these single-stock ETFs pose yet another, perhaps greater, risk for investors and the markets,&#34; said commissioner Caroline Crenshaw of the Securities and Exchange Commission in a statement last month.</p><p>Some single-stock ETFs aim to limit investor risks instead of amplifying them. The Innovator Hedged TSLA Strategy ETF (TSLH), which was launched a few weeks ago, uses options to put a floor under Tesla&#39;s losses at the expense of limited potential gains. Over the period from July 26 to Sept. 30, for example, no matter how Tesla shares perform, investors are guaranteed to lose less than 10%, but the maximum gains will be capped at 9.3%. The buffer and cap will be reset every quarter.</p><p>Such trade-offs might be attractive for those who want to build a long-term position in Tesla but also want to limit their risks, says Bruce Bond, CEO of Innovator ETFs.</p><p>&#34;Tesla stock is highly valued relative to its peers in the automotive industry,&#34; he says. &#34;People are often concerned that as soon as they get in, the stock will see a valuation adjustment and they&#39;ll lose a lot of money.&#34;</p><p>We&#39;ll probably see more varieties of single-stock funds as the fund industry tries to meet investors&#39; increasingly diverse demands. The first targets will be widely held companies that have demonstrated strong trading interest, especially around firm-specific developments, says AXS&#39; Bassuk. Already, the firm has 10 more approved products ready to launch, tracking stocks like ConocoPhillips (COP), Boeing (BA), Wells Fargo (WFC), and Salesforce (CRM).</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Single-Stock Funds Are Taking Off. What You Need to Know</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\">\nSingle-Stock Funds Are Taking Off. What You Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-11 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/single-stock-funds-are-taking-off-51660172190?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Exchange-traded funds gained dominance in recent decades as they allowed investors to trade thousands of stocks at the same time, and at a low cost. Now, a new breed of ETFs allows investors to make ...</p>\n\n<a href=\"https://www.barrons.com/articles/single-stock-funds-are-taking-off-51660172190?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLL":"2倍做多TSLA ETF-Direxion","COP":"康菲石油","TSLQ":"2倍做空TSLA ETF-Tradr","COIN":"Coinbase Global, Inc.","PYPL":"PayPal","TSLH":"Innovator Hedged TSLA Strategy ETF","AAPL":"苹果","CRM":"赛富时","PFE":"辉瑞","WFC":"富国银行","BA":"波音",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","NVDA":"英伟达","NKE":"耐克"},"source_url":"https://www.barrons.com/articles/single-stock-funds-are-taking-off-51660172190?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2258505270","content_text":"Exchange-traded funds gained dominance in recent decades as they allowed investors to trade thousands of stocks at the same time, and at a low cost. Now, a new breed of ETFs allows investors to make outsize bets -- bullish or bearish -- on single stock names.These new products, with risks significantly greater than those of conventional funds, are sending a sign that the appetite for speculation is on the rise.Last month, AXS Investments launched eight ETFs that allow investors to bet on, or against, a single stock using derivatives such as options and futures -- in some cases, amplifying gains or losses with leverage. Stocks underlying the funds include Tesla (ticker: TSLA), Pfizer (PFE), Nvidia (NVDA), PayPal Holdings (PYPL), and Nike (NKE). This past week, Direxion and GraniteShares each debuted four single-stock ETFs, covering Tesla, Apple (AAPL), and Coinbase Global (COIN).The AXS TSLA Bear Daily ETF (TSLQ), for example, returns the inverse of Tesla shares' daily performance, while the Direxion Daily TSLA Bull 1.5X ETF (TSLL) aims to deliver 1.5 times Tesla's daily returns.In the past, investors who wanted to make bearish or outsize bets on a stock had to open a margin account and learn how to trade derivatives. Now, they can simply buy the ETFs through regular brokerage accounts alongside other investments. The convenient access is a major advantage -- plus, they're a little safer: Investors can't lose more than their initial investment, as they can in a margin account.But the downsides are pretty obvious, too. Inverse and leveraged funds often come with hefty fees. The single-stock ETFs from AXS and GraniteShares charge an expense ratio of 1.15%, while the Direxion funds carry a fee of 0.95%. Most index-tracking ETFs have fees of less than 0.1%.Inverse and leveraged ETFs aren't suitable for investors with a long-term view. The funds rebalance daily, since they seek only to track the underlying asset's performances for one day. That means investors holding over a longer period might see returns significantly deviate from what they'd expect, especially in volatile markets.\"These products are best suited for investors who have a stomach for volatility and trade on very short horizons,\" says Todd Rosenbluth, head of research at ETF data and analytics firm VettaFi. \"The longer you own, the greater the potential risks you face.\"Leveraged and inverse funds aren't new concepts, but until recently, they have mostly tracked broad-market indexes, since single stocks are usually more volatile and could bring unwanted risks for investors who don't know what they're getting into.Tesla stock, for example, had swung up more than 100% and then lost all those gains in a year's time. Betting against the stock, even in an ETF, could have led to a total wipeout of the investment. The AXS TSLA Bear Daily ETF has lost a fifth of its value since its launch, as Tesla shares gained 24% during the period.Single-stock funds have been available in Europe for years, and the U.S. market is now mature enough to embrace them, as well, AXS Investments CEO Greg Bassuk tells Barron's.\"We are allowing traders to express their high-conviction views in single companies rather than a broader basket,\" he says, adding that the funds are suitable only for those with the \"ability and financial knowledge to actively trade their portfolios on a daily basis.\"In the hands of experienced and capable traders, derivatives can be used to profit from price-moving events such as earnings reports. The problem is, the ETF structure has opened the gate to everybody. At a time of an uncertain economic outlook and bleak market returns, single-stock ETFs could entice amateur investors into risky and speculative trades -- much like the \"meme stock\" movement has.\"Investor education around these products will be critical as they are introduced into the market,\" wrote Aniket Ullal, head of CFRA, an investment research company, last month.AXS' TSLA Bear ETF currently has nearly 900,000 shares outstanding, but an average of 1.2 million shares have changed hands daily since its launch. For the fund's size, trading has been much more active than the broad-market inverse funds. \"I worry that these single-stock ETFs pose yet another, perhaps greater, risk for investors and the markets,\" said commissioner Caroline Crenshaw of the Securities and Exchange Commission in a statement last month.Some single-stock ETFs aim to limit investor risks instead of amplifying them. The Innovator Hedged TSLA Strategy ETF (TSLH), which was launched a few weeks ago, uses options to put a floor under Tesla's losses at the expense of limited potential gains. Over the period from July 26 to Sept. 30, for example, no matter how Tesla shares perform, investors are guaranteed to lose less than 10%, but the maximum gains will be capped at 9.3%. The buffer and cap will be reset every quarter.Such trade-offs might be attractive for those who want to build a long-term position in Tesla but also want to limit their risks, says Bruce Bond, CEO of Innovator ETFs.\"Tesla stock is highly valued relative to its peers in the automotive industry,\" he says. \"People are often concerned that as soon as they get in, the stock will see a valuation adjustment and they'll lose a lot of money.\"We'll probably see more varieties of single-stock funds as the fund industry tries to meet investors' increasingly diverse demands. The first targets will be widely held companies that have demonstrated strong trading interest, especially around firm-specific developments, says AXS' Bassuk. Already, the firm has 10 more approved products ready to launch, tracking stocks like ConocoPhillips (COP), Boeing (BA), Wells Fargo (WFC), and Salesforce (CRM).","news_type":1,"symbols_score_info":{"BA":1,"TSLQ":1,".IXIC":1,"NKE":1,"WFC":1,".SPX":1,"PYPL":1,"TSLH":1,"AAPL":1,"COIN":1,"CRM":1,"TSLL":1,"NVDA":1,"PFE":1,".DJI":1,"COP":1}},"isVote":1,"tweetType":1,"viewCount":947,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907956776,"gmtCreate":1660133983297,"gmtModify":1703478237226,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907956776","repostId":"1173579207","repostType":2,"isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907984864,"gmtCreate":1660128225761,"gmtModify":1703478191494,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907984864","repostId":"1157330995","repostType":2,"repost":{"id":"1157330995","kind":"news","pubTimestamp":1660145407,"share":"https://ttm.financial/m/news/1157330995?lang=en_US&edition=fundamental","pubTime":"2022-08-10 23:30","market":"us","language":"en","title":"Tesla: The EV Tax Credit Is A Huge Catalyst","url":"https://stock-news.laohu8.com/highlight/detail?id=1157330995","media":"Seeking Alpha","summary":"SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Recently the U.S. Senate Passed the Inflation Reduction Act.</li><li>The act removes the 200,000 unit sales cap for electric vehicle &#34;EV&#34; tax credits.</li><li>The act still has to be passed by the House of Representatives to become law.</li><li>If it passes, it will be a huge catalyst for Tesla, which will once again be eligible for Federal tax credits.</li><li>Many Tesla models meet the Act&#39;s strict U.S. sourcing requirements; most competitors&#39; offerings don&#39;t.</li></ul><p>This past Sunday, the U.S. Senate passed the Inflation Reduction Act, a spending bill containing a variety of climate change related measures. Among the most discussed measures in the bill is a change to the electric vehicle (“EV”)tax credit. Under previous rules, a company would lose its eligibility for EV credits after selling its 200,000th car. Tesla (NASDAQ:TSLA) crossed the 200,000 car threshold in 2018, and its tax credits were phased out over three years. By early 2022, Teslas were no longer eligible for the tax credit.</p><p>With the passage of the Inflation Reduction Act, that has changed. The current version of the act, which will be debated by the House of Representatives this week, removes the 200,000 car limit for credit eligibility. Now, buyers of some Tesla models can enjoy the full $7,500 credit toward the purchase of their vehicles. There are some limits to this – the credit applies to sedans up to $55,000 and SUVs up to $80,000– but many Teslas will be eligible. The EV tax credit notably requires that the vehicle&#39;s battery be40% sourced from the U.S. or allies- Tesla&#39;s Model S meets this standard, most competitors&#39; offerings don&#39;t.</p><p><img src=\"https://static.tigerbbs.com/c4475ae62d8d2254828c81b2e64dc19b\" tg-width=\"640\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Model 3 meets the standard, most don&#39;t(roadandtrack.com)</p><p>This is great news for a company that some say was built on government subsidies. Many of Elon Musk’s critics allege that Tesla has been taking enormous amounts of government assistance over the years. When we dig into the details, we see that Tesla did benefit from the EV tax credit in its early days. Furthermore, it benefits from similar credits in other countries today. The point about Tesla’s reliance on tax breaks can be overstated, but there’s no doubt that when a consumer gets a tax break for buying an EV, they’re more likely to buy one.</p><p>Given that Tesla has the most brand awareness of all the major EV companies, it benefits from consumers being incentivized to buy EVs. According to a 2018 Energy Policy article, every $1,000 in EV credits leads to a 2.6% increase in EV sales. With Tesla having a large share of the U.S. EV market, it’s likely to gain revenue from the revamped tax credit. This credit could therefore serve as a catalyst improving Tesla’s business performance in the second half. However, as I’ll demonstrate shortly, this catalyst alone doesn’t automatically make the stock a great value.</p><p><b>How the EV Tax Credit Works</b></p><p>To understand how the revamped EV tax credit helps Tesla, we need to know how the credit works. The EV tax credit has been around in some form since 2009, having been announced in 2008’s Energy Improvement and Extension Act. The way credit works has changed since it was first introduced.</p><p>The way the credit originally worked was like this:</p><p>Every electric vehicle got a base credit of $2,500. A person buying any EV would get $2,500 plus an extra $417 per kilowatt-hour of battery capacity. For passenger cars, this increase in credits continued up until $7,500 worth of tax credits were earned. Any American who bought an EV would get to claim this credit on their taxes and deduct the appropriate percentage of $7,500 from their income.</p><p>The EV tax credit also had a cap on how many cars a manufacturer could sell and still be eligible for the credit. Once a manufacturer surpassed 200,000 cars sold in the United States, their tax credits would be phased out over three years. Tesla hit the 200,000 car milestone in 2008. Its tax credits were phased out on the schedule shown below:</p><p><img src=\"https://static.tigerbbs.com/61a30d4a86130928bc8262cb7df92850\" tg-width=\"872\" tg-height=\"298\" referrerpolicy=\"no-referrer\"/></p><p>Tesla&#39;s EV credit phase out(Tesla)</p><p>As the table above shows, all of the credits on Tesla models S, X and 3 were phased out by the end of 2019. This was where things stood for most of the last two years: Teslas weren’t eligible for the credit. Technically, this is still the case, but the Inflation Reduction Act looks quite likely to pass. The Act passed 51-50 in the Senate, and is heading to the House of Representatives for review this week. If it passes, then Teslas will be eligible for the EV tax credit once more. The version of the Act that passed in the Senate puts no cap on how many EVs a manufacturer can sell, so not only will Tesla buyers get the credit again, they’ll continue to get it indefinitely. To top it off: there are Tesla models that meet the act&#39;s strict sourcing requirements, while many competitors&#39; offerings don&#39;t make the grade.</p><p><b>Business Implications</b></p><p>Tesla regaining the EV tax credit has important business implications. Academic research suggests that every $1,000 worth of EV tax credits drives a2.6% increase in EV sales. As an example, if we have a country where 100,000 EVs are being sold per year, then adding a $1,000 credit increases sales to 102,600. The higher the dollar value of the credit, the more the sales increase. The research I’m citing doesn’t say whether the effect increases linearly or compounds with the size of the credit. If the effect is linear, then a $7,500 credit would increase the number of vehicles sold by 19,500. If it compounds, then it adds 21,228 extra sales. Either way, we should see a significant boost in sales from a $7,500 tax credit.</p><p>Furthermore, we would expect Tesla to gain from this disproportionately. Many of Tesla’s competitors haven’t shipped 200,000 cars yet, but Tesla has.<b>Lucid</b>(LCID) is aiming for14,000 cumulative deliveries by year’s end, <b>Ford</b>(F) has sold 37,000 or so, <b>Rivian</b>(RIVN) has only delivered a handful of cars to employees. None of these companies are anywhere near the 200,000 deliveries threshold, so they’re getting the credit already. Tesla, on the other hand, passed the threshold in 2018, so it will be eligible for the credit again. Therefore, we’d expect the Inflation Reduction Act to boost Tesla’s sales while leaving its competitors’ sales unchanged.</p><p><b>Tesla’s Valuation</b></p><p>Valuing a company like Tesla is always tough. The company has historically had high growth, which makes estimating its future cash flows difficult. Nevertheless, we can safely assume that, with its tax credits back, Tesla will grow faster than it would have without them. So, we can start by making a projection of Tesla’s revenue and build a discounted cash flow model from there.</p><p>According to Seeking Alpha Quant, Tesla’s five year CAGR revenue growth rate is 46%. The rate in the most recent quarter was 43%. We have indications that the growth rate will slow down. First, the most recent quarterly growth rate is lower than the five year rate. Second, the five year growth rate is only half the 10 year growth rate. It wouldn’t be conservative to assume that TSLA can keep up 43% growth forever. So, I’ll use Valuates Report’s 18.2% CAGR EV industry forecast as my revenue growth estimate. However, to account for the bullish impact of the EV tax credits Tesla is about to get, I’ll add an extra 19.5% on to the first year’s growth. So the first year will see 41.2% growth (1.182 times 1.195), followed by 18.2% growth thereafter. Tesla’s revenue for the trailing 12 month period is $67.1 billion, so we get:</p><ul><li><p>Base year: $67.1B.</p></li><li><p>Year 1: $94.74B.</p></li><li><p>Year 2: $112B.</p></li><li><p>Year 3: $132B.</p></li><li><p>Year 4: $156B.</p></li><li><p>Year 5: $185B.</p></li></ul><p>This gives us an overall CAGR growth rate of 22%. With that established, we can look at costs. Tesla had $48 billion in cost of goods sold (“COGS”) in the last 12 months. COGS scales up directly with revenue so I’ll assume that this portion of costs rises at 22%. Tesla’s operating costs have risen at 20% CAGR over the last five years, so I’ll assume they continue growing at that rate. Tesla’s tax rate in the trailing 12 month period was 10%, but I’ll up that to 15% to account for the new minimum tax included in the Inflation Reduction Act. Finally, I’ll add in non-cash costs at 6% of revenue (the percentage in the trailing 12 month period) to get a model that approximates cash from operations (“CFO”).</p><table><tbody><tr><td><p>Year 1</p></td><td><p>Year 2</p></td><td><p>Year 3</p></td><td><p>Year 4</p></td><td><p>Year 5</p></td></tr><tr><td><p>Revenue</p></td><td><p>$94.74B</p></td><td><p>$112B</p></td><td><p>$132B</p></td><td><p>$156B</p></td><td><p>$185B</p></td></tr><tr><td><p>COGS</p></td><td><p>$69B</p></td><td><p>$81.6B</p></td><td><p>$96.5B</p></td><td><p>$114B</p></td><td><p>$135B</p></td></tr><tr><td><p>Operating costs</p></td><td><p>$8.76B</p></td><td><p>$10.5B</p></td><td><p>$12.6B</p></td><td><p>$15B</p></td><td><p>$18B</p></td></tr><tr><td><p>EBIT</p></td><td><p>$16.98</p></td><td><p>$19.9B</p></td><td><p>$22.9B</p></td><td><p>$27B</p></td><td><p>$32B</p></td></tr><tr><td><p>After tax</p></td><td><p>$14.43B</p></td><td><p>$16.9B</p></td><td><p>$19.46B</p></td><td><p>$22.95B</p></td><td><p>$27.2B</p></td></tr><tr><td><p>Non-cash costs (added back in)</p></td><td><p>$5.7B</p></td><td><p>$6.72B</p></td><td><p>$7.9B</p></td><td><p>$9.36B</p></td><td><p>$11.1B</p></td></tr><tr><td><p>CFO</p></td><td><p>$20.13B</p></td><td><p>$23.62B</p></td><td><p>$27.36B</p></td><td><p>$32.31B</p></td><td><p>$38.3B</p></td></tr></tbody></table><p>Tesla has 1.155 billion shares outstanding, so these CFO figures on a per share basis add up to:</p><ul><li><p>TTM: $12.18.</p></li><li><p>Year 1: $17.42.</p></li><li><p>Year 2: $20.45</p></li><li><p>Year 3: $23.68.</p></li><li><p>Year 4: $27.97.</p></li><li><p>Year 5: $33.16.</p></li></ul><p>So, we get a 22% growth rate in cash flows per share. Using 8% as the discount rate and assuming a 5% perpetual growth rate after five years, we get a fair value of $879. This is only a 3.4% upside to the price at the time of writing ($850), so I conclude that Tesla is fully valued.</p><p><b>The Big Risk to Watch Out For</b></p><p>As I’ve shown in this article, Tesla’s EV tax credit could create a sales spike in the year ahead that gives the stock slight upside to today’s price. Without the sales spike caused by tax credits, my model would have yielded about $825, suggesting slight overvaluation. This stock is trading very close to conservative estimates of fair value, even when you account for the EV tax credit causing sales to spike. The credit is a catalyst, but not a big one, adding only a very slight amount of upside.</p><p>For this reason, Tesla investors are going to want to be on the lookout for one big risk:</p><p><i>Revenue deceleration.</i></p><p>Most industry forecasts have EVs growing at 18 to 22% for the next five years. If Tesla simply grows at that rate then its stock is not worth what it trades for today. You have to assume at least one more year of 40%+ growth to get an intrinsic value estimate for this stock that exceeds its current value. It’s so expensive already that if it grows at 18% for the next five years–a fantastic growth rate in absolute terms–it’s overvalued. The EV tax credit, or a similar catalyst, is needed for the stock to have just a little upside.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The EV Tax Credit Is A Huge Catalyst</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\">\nTesla: The EV Tax Credit Is A Huge Catalyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit sales cap for electric vehicle \"EV\" tax credits.The act still has to be passed by the House of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157330995","content_text":"SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit sales cap for electric vehicle \"EV\" tax credits.The act still has to be passed by the House of Representatives to become law.If it passes, it will be a huge catalyst for Tesla, which will once again be eligible for Federal tax credits.Many Tesla models meet the Act's strict U.S. sourcing requirements; most competitors' offerings don't.This past Sunday, the U.S. Senate passed the Inflation Reduction Act, a spending bill containing a variety of climate change related measures. Among the most discussed measures in the bill is a change to the electric vehicle (“EV”)tax credit. Under previous rules, a company would lose its eligibility for EV credits after selling its 200,000th car. Tesla (NASDAQ:TSLA) crossed the 200,000 car threshold in 2018, and its tax credits were phased out over three years. By early 2022, Teslas were no longer eligible for the tax credit.With the passage of the Inflation Reduction Act, that has changed. The current version of the act, which will be debated by the House of Representatives this week, removes the 200,000 car limit for credit eligibility. Now, buyers of some Tesla models can enjoy the full $7,500 credit toward the purchase of their vehicles. There are some limits to this – the credit applies to sedans up to $55,000 and SUVs up to $80,000– but many Teslas will be eligible. The EV tax credit notably requires that the vehicle's battery be40% sourced from the U.S. or allies- Tesla's Model S meets this standard, most competitors' offerings don't.Tesla Model 3 meets the standard, most don't(roadandtrack.com)This is great news for a company that some say was built on government subsidies. Many of Elon Musk’s critics allege that Tesla has been taking enormous amounts of government assistance over the years. When we dig into the details, we see that Tesla did benefit from the EV tax credit in its early days. Furthermore, it benefits from similar credits in other countries today. The point about Tesla’s reliance on tax breaks can be overstated, but there’s no doubt that when a consumer gets a tax break for buying an EV, they’re more likely to buy one.Given that Tesla has the most brand awareness of all the major EV companies, it benefits from consumers being incentivized to buy EVs. According to a 2018 Energy Policy article, every $1,000 in EV credits leads to a 2.6% increase in EV sales. With Tesla having a large share of the U.S. EV market, it’s likely to gain revenue from the revamped tax credit. This credit could therefore serve as a catalyst improving Tesla’s business performance in the second half. However, as I’ll demonstrate shortly, this catalyst alone doesn’t automatically make the stock a great value.How the EV Tax Credit WorksTo understand how the revamped EV tax credit helps Tesla, we need to know how the credit works. The EV tax credit has been around in some form since 2009, having been announced in 2008’s Energy Improvement and Extension Act. The way credit works has changed since it was first introduced.The way the credit originally worked was like this:Every electric vehicle got a base credit of $2,500. A person buying any EV would get $2,500 plus an extra $417 per kilowatt-hour of battery capacity. For passenger cars, this increase in credits continued up until $7,500 worth of tax credits were earned. Any American who bought an EV would get to claim this credit on their taxes and deduct the appropriate percentage of $7,500 from their income.The EV tax credit also had a cap on how many cars a manufacturer could sell and still be eligible for the credit. Once a manufacturer surpassed 200,000 cars sold in the United States, their tax credits would be phased out over three years. Tesla hit the 200,000 car milestone in 2008. Its tax credits were phased out on the schedule shown below:Tesla's EV credit phase out(Tesla)As the table above shows, all of the credits on Tesla models S, X and 3 were phased out by the end of 2019. This was where things stood for most of the last two years: Teslas weren’t eligible for the credit. Technically, this is still the case, but the Inflation Reduction Act looks quite likely to pass. The Act passed 51-50 in the Senate, and is heading to the House of Representatives for review this week. If it passes, then Teslas will be eligible for the EV tax credit once more. The version of the Act that passed in the Senate puts no cap on how many EVs a manufacturer can sell, so not only will Tesla buyers get the credit again, they’ll continue to get it indefinitely. To top it off: there are Tesla models that meet the act's strict sourcing requirements, while many competitors' offerings don't make the grade.Business ImplicationsTesla regaining the EV tax credit has important business implications. Academic research suggests that every $1,000 worth of EV tax credits drives a2.6% increase in EV sales. As an example, if we have a country where 100,000 EVs are being sold per year, then adding a $1,000 credit increases sales to 102,600. The higher the dollar value of the credit, the more the sales increase. The research I’m citing doesn’t say whether the effect increases linearly or compounds with the size of the credit. If the effect is linear, then a $7,500 credit would increase the number of vehicles sold by 19,500. If it compounds, then it adds 21,228 extra sales. Either way, we should see a significant boost in sales from a $7,500 tax credit.Furthermore, we would expect Tesla to gain from this disproportionately. Many of Tesla’s competitors haven’t shipped 200,000 cars yet, but Tesla has.Lucid(LCID) is aiming for14,000 cumulative deliveries by year’s end, Ford(F) has sold 37,000 or so, Rivian(RIVN) has only delivered a handful of cars to employees. None of these companies are anywhere near the 200,000 deliveries threshold, so they’re getting the credit already. Tesla, on the other hand, passed the threshold in 2018, so it will be eligible for the credit again. Therefore, we’d expect the Inflation Reduction Act to boost Tesla’s sales while leaving its competitors’ sales unchanged.Tesla’s ValuationValuing a company like Tesla is always tough. The company has historically had high growth, which makes estimating its future cash flows difficult. Nevertheless, we can safely assume that, with its tax credits back, Tesla will grow faster than it would have without them. So, we can start by making a projection of Tesla’s revenue and build a discounted cash flow model from there.According to Seeking Alpha Quant, Tesla’s five year CAGR revenue growth rate is 46%. The rate in the most recent quarter was 43%. We have indications that the growth rate will slow down. First, the most recent quarterly growth rate is lower than the five year rate. Second, the five year growth rate is only half the 10 year growth rate. It wouldn’t be conservative to assume that TSLA can keep up 43% growth forever. So, I’ll use Valuates Report’s 18.2% CAGR EV industry forecast as my revenue growth estimate. However, to account for the bullish impact of the EV tax credits Tesla is about to get, I’ll add an extra 19.5% on to the first year’s growth. So the first year will see 41.2% growth (1.182 times 1.195), followed by 18.2% growth thereafter. Tesla’s revenue for the trailing 12 month period is $67.1 billion, so we get:Base year: $67.1B.Year 1: $94.74B.Year 2: $112B.Year 3: $132B.Year 4: $156B.Year 5: $185B.This gives us an overall CAGR growth rate of 22%. With that established, we can look at costs. Tesla had $48 billion in cost of goods sold (“COGS”) in the last 12 months. COGS scales up directly with revenue so I’ll assume that this portion of costs rises at 22%. Tesla’s operating costs have risen at 20% CAGR over the last five years, so I’ll assume they continue growing at that rate. Tesla’s tax rate in the trailing 12 month period was 10%, but I’ll up that to 15% to account for the new minimum tax included in the Inflation Reduction Act. Finally, I’ll add in non-cash costs at 6% of revenue (the percentage in the trailing 12 month period) to get a model that approximates cash from operations (“CFO”).Year 1Year 2Year 3Year 4Year 5Revenue$94.74B$112B$132B$156B$185BCOGS$69B$81.6B$96.5B$114B$135BOperating costs$8.76B$10.5B$12.6B$15B$18BEBIT$16.98$19.9B$22.9B$27B$32BAfter tax$14.43B$16.9B$19.46B$22.95B$27.2BNon-cash costs (added back in)$5.7B$6.72B$7.9B$9.36B$11.1BCFO$20.13B$23.62B$27.36B$32.31B$38.3BTesla has 1.155 billion shares outstanding, so these CFO figures on a per share basis add up to:TTM: $12.18.Year 1: $17.42.Year 2: $20.45Year 3: $23.68.Year 4: $27.97.Year 5: $33.16.So, we get a 22% growth rate in cash flows per share. Using 8% as the discount rate and assuming a 5% perpetual growth rate after five years, we get a fair value of $879. This is only a 3.4% upside to the price at the time of writing ($850), so I conclude that Tesla is fully valued.The Big Risk to Watch Out ForAs I’ve shown in this article, Tesla’s EV tax credit could create a sales spike in the year ahead that gives the stock slight upside to today’s price. Without the sales spike caused by tax credits, my model would have yielded about $825, suggesting slight overvaluation. This stock is trading very close to conservative estimates of fair value, even when you account for the EV tax credit causing sales to spike. The credit is a catalyst, but not a big one, adding only a very slight amount of upside.For this reason, Tesla investors are going to want to be on the lookout for one big risk:Revenue deceleration.Most industry forecasts have EVs growing at 18 to 22% for the next five years. If Tesla simply grows at that rate then its stock is not worth what it trades for today. You have to assume at least one more year of 40%+ growth to get an intrinsic value estimate for this stock that exceeds its current value. It’s so expensive already that if it grows at 18% for the next five years–a fantastic growth rate in absolute terms–it’s overvalued. The EV tax credit, or a similar catalyst, is needed for the stock to have just a little upside.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":771,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9907224463,"gmtCreate":1660201835554,"gmtModify":1703479055830,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907224463","repostId":"2258505270","repostType":2,"repost":{"id":"2258505270","kind":"highlight","pubTimestamp":1660202513,"share":"https://ttm.financial/m/news/2258505270?lang=en_US&edition=fundamental","pubTime":"2022-08-11 15:21","market":"us","language":"en","title":"Single-Stock Funds Are Taking Off. What You Need to Know","url":"https://stock-news.laohu8.com/highlight/detail?id=2258505270","media":"Barrons","summary":"Exchange-traded funds gained dominance in recent decades as they allowed investors to trade thousand","content":"<html><head></head><body><p>Exchange-traded funds gained dominance in recent decades as they allowed investors to trade thousands of stocks at the same time, and at a low cost. Now, a new breed of ETFs allows investors to make outsize bets -- bullish or bearish -- on single stock names.</p><p>These new products, with risks significantly greater than those of conventional funds, are sending a sign that the appetite for speculation is on the rise.</p><p>Last month, AXS Investments launched eight ETFs that allow investors to bet on, or against, a single stock using derivatives such as options and futures -- in some cases, amplifying gains or losses with leverage. Stocks underlying the funds include Tesla (ticker: TSLA), Pfizer (PFE), Nvidia (NVDA), PayPal Holdings (PYPL), and Nike (NKE). This past week, Direxion and GraniteShares each debuted four single-stock ETFs, covering Tesla, Apple (AAPL), and Coinbase Global (COIN).</p><p>The AXS TSLA Bear Daily ETF (TSLQ), for example, returns the inverse of Tesla shares&#39; daily performance, while the Direxion Daily TSLA Bull 1.5X ETF (TSLL) aims to deliver 1.5 times Tesla&#39;s daily returns.</p><p>In the past, investors who wanted to make bearish or outsize bets on a stock had to open a margin account and learn how to trade derivatives. Now, they can simply buy the ETFs through regular brokerage accounts alongside other investments. The convenient access is a major advantage -- plus, they&#39;re a little safer: Investors can&#39;t lose more than their initial investment, as they can in a margin account.</p><p>But the downsides are pretty obvious, too. Inverse and leveraged funds often come with hefty fees. The single-stock ETFs from AXS and GraniteShares charge an expense ratio of 1.15%, while the Direxion funds carry a fee of 0.95%. Most index-tracking ETFs have fees of less than 0.1%.</p><p>Inverse and leveraged ETFs aren&#39;t suitable for investors with a long-term view. The funds rebalance daily, since they seek only to track the underlying asset&#39;s performances for one day. That means investors holding over a longer period might see returns significantly deviate from what they&#39;d expect, especially in volatile markets.</p><p>&#34;These products are best suited for investors who have a stomach for volatility and trade on very short horizons,&#34; says Todd Rosenbluth, head of research at ETF data and analytics firm VettaFi. &#34;The longer you own, the greater the potential risks you face.&#34;</p><p>Leveraged and inverse funds aren&#39;t new concepts, but until recently, they have mostly tracked broad-market indexes, since single stocks are usually more volatile and could bring unwanted risks for investors who don&#39;t know what they&#39;re getting into.</p><p>Tesla stock, for example, had swung up more than 100% and then lost all those gains in a year&#39;s time. Betting against the stock, even in an ETF, could have led to a total wipeout of the investment. The AXS TSLA Bear Daily ETF has lost a fifth of its value since its launch, as Tesla shares gained 24% during the period.</p><p>Single-stock funds have been available in Europe for years, and the U.S. market is now mature enough to embrace them, as well, AXS Investments CEO Greg Bassuk tells Barron&#39;s.</p><p>&#34;We are allowing traders to express their high-conviction views in single companies rather than a broader basket,&#34; he says, adding that the funds are suitable only for those with the &#34;ability and financial knowledge to actively trade their portfolios on a daily basis.&#34;</p><p>In the hands of experienced and capable traders, derivatives can be used to profit from price-moving events such as earnings reports. The problem is, the ETF structure has opened the gate to everybody. At a time of an uncertain economic outlook and bleak market returns, single-stock ETFs could entice amateur investors into risky and speculative trades -- much like the &#34;meme stock&#34; movement has.</p><p>&#34;Investor education around these products will be critical as they are introduced into the market,&#34; wrote Aniket Ullal, head of CFRA, an investment research company, last month.</p><p>AXS&#39; TSLA Bear ETF currently has nearly 900,000 shares outstanding, but an average of 1.2 million shares have changed hands daily since its launch. For the fund&#39;s size, trading has been much more active than the broad-market inverse funds. &#34;I worry that these single-stock ETFs pose yet another, perhaps greater, risk for investors and the markets,&#34; said commissioner Caroline Crenshaw of the Securities and Exchange Commission in a statement last month.</p><p>Some single-stock ETFs aim to limit investor risks instead of amplifying them. The Innovator Hedged TSLA Strategy ETF (TSLH), which was launched a few weeks ago, uses options to put a floor under Tesla&#39;s losses at the expense of limited potential gains. Over the period from July 26 to Sept. 30, for example, no matter how Tesla shares perform, investors are guaranteed to lose less than 10%, but the maximum gains will be capped at 9.3%. The buffer and cap will be reset every quarter.</p><p>Such trade-offs might be attractive for those who want to build a long-term position in Tesla but also want to limit their risks, says Bruce Bond, CEO of Innovator ETFs.</p><p>&#34;Tesla stock is highly valued relative to its peers in the automotive industry,&#34; he says. &#34;People are often concerned that as soon as they get in, the stock will see a valuation adjustment and they&#39;ll lose a lot of money.&#34;</p><p>We&#39;ll probably see more varieties of single-stock funds as the fund industry tries to meet investors&#39; increasingly diverse demands. The first targets will be widely held companies that have demonstrated strong trading interest, especially around firm-specific developments, says AXS&#39; Bassuk. Already, the firm has 10 more approved products ready to launch, tracking stocks like ConocoPhillips (COP), Boeing (BA), Wells Fargo (WFC), and Salesforce (CRM).</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Single-Stock Funds Are Taking Off. What You Need to Know</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\">\nSingle-Stock Funds Are Taking Off. What You Need to Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-11 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/single-stock-funds-are-taking-off-51660172190?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Exchange-traded funds gained dominance in recent decades as they allowed investors to trade thousands of stocks at the same time, and at a low cost. Now, a new breed of ETFs allows investors to make ...</p>\n\n<a href=\"https://www.barrons.com/articles/single-stock-funds-are-taking-off-51660172190?mod=hp_LATEST\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLL":"2倍做多TSLA ETF-Direxion","COP":"康菲石油","TSLQ":"2倍做空TSLA ETF-Tradr","COIN":"Coinbase Global, Inc.","PYPL":"PayPal","TSLH":"Innovator Hedged TSLA Strategy ETF","AAPL":"苹果","CRM":"赛富时","PFE":"辉瑞","WFC":"富国银行","BA":"波音",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","NVDA":"英伟达","NKE":"耐克"},"source_url":"https://www.barrons.com/articles/single-stock-funds-are-taking-off-51660172190?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2258505270","content_text":"Exchange-traded funds gained dominance in recent decades as they allowed investors to trade thousands of stocks at the same time, and at a low cost. Now, a new breed of ETFs allows investors to make outsize bets -- bullish or bearish -- on single stock names.These new products, with risks significantly greater than those of conventional funds, are sending a sign that the appetite for speculation is on the rise.Last month, AXS Investments launched eight ETFs that allow investors to bet on, or against, a single stock using derivatives such as options and futures -- in some cases, amplifying gains or losses with leverage. Stocks underlying the funds include Tesla (ticker: TSLA), Pfizer (PFE), Nvidia (NVDA), PayPal Holdings (PYPL), and Nike (NKE). This past week, Direxion and GraniteShares each debuted four single-stock ETFs, covering Tesla, Apple (AAPL), and Coinbase Global (COIN).The AXS TSLA Bear Daily ETF (TSLQ), for example, returns the inverse of Tesla shares' daily performance, while the Direxion Daily TSLA Bull 1.5X ETF (TSLL) aims to deliver 1.5 times Tesla's daily returns.In the past, investors who wanted to make bearish or outsize bets on a stock had to open a margin account and learn how to trade derivatives. Now, they can simply buy the ETFs through regular brokerage accounts alongside other investments. The convenient access is a major advantage -- plus, they're a little safer: Investors can't lose more than their initial investment, as they can in a margin account.But the downsides are pretty obvious, too. Inverse and leveraged funds often come with hefty fees. The single-stock ETFs from AXS and GraniteShares charge an expense ratio of 1.15%, while the Direxion funds carry a fee of 0.95%. Most index-tracking ETFs have fees of less than 0.1%.Inverse and leveraged ETFs aren't suitable for investors with a long-term view. The funds rebalance daily, since they seek only to track the underlying asset's performances for one day. That means investors holding over a longer period might see returns significantly deviate from what they'd expect, especially in volatile markets.\"These products are best suited for investors who have a stomach for volatility and trade on very short horizons,\" says Todd Rosenbluth, head of research at ETF data and analytics firm VettaFi. \"The longer you own, the greater the potential risks you face.\"Leveraged and inverse funds aren't new concepts, but until recently, they have mostly tracked broad-market indexes, since single stocks are usually more volatile and could bring unwanted risks for investors who don't know what they're getting into.Tesla stock, for example, had swung up more than 100% and then lost all those gains in a year's time. Betting against the stock, even in an ETF, could have led to a total wipeout of the investment. The AXS TSLA Bear Daily ETF has lost a fifth of its value since its launch, as Tesla shares gained 24% during the period.Single-stock funds have been available in Europe for years, and the U.S. market is now mature enough to embrace them, as well, AXS Investments CEO Greg Bassuk tells Barron's.\"We are allowing traders to express their high-conviction views in single companies rather than a broader basket,\" he says, adding that the funds are suitable only for those with the \"ability and financial knowledge to actively trade their portfolios on a daily basis.\"In the hands of experienced and capable traders, derivatives can be used to profit from price-moving events such as earnings reports. The problem is, the ETF structure has opened the gate to everybody. At a time of an uncertain economic outlook and bleak market returns, single-stock ETFs could entice amateur investors into risky and speculative trades -- much like the \"meme stock\" movement has.\"Investor education around these products will be critical as they are introduced into the market,\" wrote Aniket Ullal, head of CFRA, an investment research company, last month.AXS' TSLA Bear ETF currently has nearly 900,000 shares outstanding, but an average of 1.2 million shares have changed hands daily since its launch. For the fund's size, trading has been much more active than the broad-market inverse funds. \"I worry that these single-stock ETFs pose yet another, perhaps greater, risk for investors and the markets,\" said commissioner Caroline Crenshaw of the Securities and Exchange Commission in a statement last month.Some single-stock ETFs aim to limit investor risks instead of amplifying them. The Innovator Hedged TSLA Strategy ETF (TSLH), which was launched a few weeks ago, uses options to put a floor under Tesla's losses at the expense of limited potential gains. Over the period from July 26 to Sept. 30, for example, no matter how Tesla shares perform, investors are guaranteed to lose less than 10%, but the maximum gains will be capped at 9.3%. The buffer and cap will be reset every quarter.Such trade-offs might be attractive for those who want to build a long-term position in Tesla but also want to limit their risks, says Bruce Bond, CEO of Innovator ETFs.\"Tesla stock is highly valued relative to its peers in the automotive industry,\" he says. \"People are often concerned that as soon as they get in, the stock will see a valuation adjustment and they'll lose a lot of money.\"We'll probably see more varieties of single-stock funds as the fund industry tries to meet investors' increasingly diverse demands. The first targets will be widely held companies that have demonstrated strong trading interest, especially around firm-specific developments, says AXS' Bassuk. Already, the firm has 10 more approved products ready to launch, tracking stocks like ConocoPhillips (COP), Boeing (BA), Wells Fargo (WFC), and Salesforce (CRM).","news_type":1,"symbols_score_info":{"BA":1,"TSLQ":1,".IXIC":1,"NKE":1,"WFC":1,".SPX":1,"PYPL":1,"TSLH":1,"AAPL":1,"COIN":1,"CRM":1,"TSLL":1,"NVDA":1,"PFE":1,".DJI":1,"COP":1}},"isVote":1,"tweetType":1,"viewCount":947,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999550498,"gmtCreate":1660558865116,"gmtModify":1676534578512,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999550498","repostId":"1147687330","repostType":4,"isVote":1,"tweetType":1,"viewCount":3459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907956776,"gmtCreate":1660133983297,"gmtModify":1703478237226,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907956776","repostId":"1173579207","repostType":2,"isVote":1,"tweetType":1,"viewCount":1252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995314548,"gmtCreate":1661408654887,"gmtModify":1676536513635,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995314548","repostId":"2262721126","repostType":4,"repost":{"id":"2262721126","kind":"highlight","pubTimestamp":1661406740,"share":"https://ttm.financial/m/news/2262721126?lang=en_US&edition=fundamental","pubTime":"2022-08-25 13:52","market":"us","language":"en","title":"3 Top Dividend Stocks With 9% to 15% Dividend Increases in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2262721126","media":"Motley Fool","summary":"The best dividend stocks to consider buying now include those of two leading utilities and one of a maker of popular candies and snack foods.","content":"<div>\n<p>In 2022, inflation is high, interest rates are rising, and pandemic-associated supply chain constraints persist. Yet some companies continue to turn in solid financial results and raise their ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/24/best-dividend-stocks-2022/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Dividend Stocks With 9% to 15% Dividend Increases in 2022</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 Top Dividend Stocks With 9% to 15% Dividend Increases in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-25 13:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/24/best-dividend-stocks-2022/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In 2022, inflation is high, interest rates are rising, and pandemic-associated supply chain constraints persist. Yet some companies continue to turn in solid financial results and raise their ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/24/best-dividend-stocks-2022/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NEE":"新纪元能源","AWK":"美国水务","HSY":"好时"},"source_url":"https://www.fool.com/investing/2022/08/24/best-dividend-stocks-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2262721126","content_text":"In 2022, inflation is high, interest rates are rising, and pandemic-associated supply chain constraints persist. Yet some companies continue to turn in solid financial results and raise their dividends.Three such top companies are confectionary behemoth The Hershey Company, electric utility giant NextEra Energy, and U.S. water utility leader American Water Works.All three of these dividend stocks have outperformed the market over the long term. And there's no reason to believe that they won't continue to do so. All three are worth considering buying now if you're an investor with a long-term investing mindset.Hershey: 15% dividend increase in 2022High inflation has caused most retailers to increase their prices, which has resulted in consumers decreasing their consumption of many products. But as I recently wrote in my coverage of Hershey's second-quarter results, \"inflation is no match for consumers' sweet (and salty) tooth,\" at least when it comes to the company's products.Indeed, the confectionary and salty-snack food maker continues to turn in robust financial results. Its stable of longtime popular brands -- including its namesake brand, Reese's, Kit Kat, and Twizzlers -- give it an enviable pricing power.In recent years, Hershey has aggressively expanded into the salty-snack food space, which has helped boost its revenue growth. Acquisitions have added such consumer favorites as SkinnyPop Popcorn, Pirate's Booty puffed rice and corn snacks, and Dot's Pretzels to the company's product offerings.Hershey's most recent quarterly dividend marks its 371st consecutive quarterly dividend on its common stock, which means that it's paid a quarterly dividend every quarter since going public in 1978. The stock's dividend yield is about 1.8% as of the market close on Aug. 24.NextEra Energy: 10.4% dividend increase in 2022NextEra Energy, which owns Florida Power & Light Company, is the largest regulated electric utility in the United States. It also has the distinction of being the world's largest generator of renewable energy from the wind and sun, as well as a global leader in battery storage.Its main catalysts for growth include the steadily increasing population in Florida and the overall growth of the renewable energy space. The company should benefit from the transitioning of the country's vehicle fleet to electric power. Moreover, it has a new avenue for growth thanks to its recent entrance into the U.S. regulated water and wastewater utility industry.NextEra has raised its dividend for 28 consecutive years. Moreover, management expects to increase the dividend about 10% a year through at least 2024. The stock's dividend yield is about 1.9% as of the market close on Aug. 24.American Water Works: 8.7% dividend increase in 2022American Water Works is the largest U.S. water and wastewater utility. It has regulated operations in 14 states and provides services to military bases across the country through extremely long-term contracts.Consumers and businesses aren't apt to cut back (or at least not much) on their water usage even in tough economic times. And wastewater services are probably as essential a service as it gets.American Water is the most attractive stock in its sector largely because of its industry-leading size and geographic diversity. Among other benefits, these traits make it best positioned to grow through acquisitions.The company has raised its dividend every year since it went public in 2008. Through 2026, management has guided for dividend growth to average at the high end of the 7% to 10% range. The stock's dividend yield is about 1.9% as of the market close on Aug. 24.","news_type":1,"symbols_score_info":{"HSY":0.9,"NEE":0.9,"AWK":0.9}},"isVote":1,"tweetType":1,"viewCount":2705,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999550756,"gmtCreate":1660558887679,"gmtModify":1676534579257,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999550756","repostId":"1147687330","repostType":4,"isVote":1,"tweetType":1,"viewCount":2575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9999334901,"gmtCreate":1660462303705,"gmtModify":1676533475829,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9999334901","repostId":"2259704438","repostType":2,"isVote":1,"tweetType":1,"viewCount":1048,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907984864,"gmtCreate":1660128225761,"gmtModify":1703478191494,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907984864","repostId":"1157330995","repostType":2,"repost":{"id":"1157330995","kind":"news","pubTimestamp":1660145407,"share":"https://ttm.financial/m/news/1157330995?lang=en_US&edition=fundamental","pubTime":"2022-08-10 23:30","market":"us","language":"en","title":"Tesla: The EV Tax Credit Is A Huge Catalyst","url":"https://stock-news.laohu8.com/highlight/detail?id=1157330995","media":"Seeking Alpha","summary":"SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit ","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Recently the U.S. Senate Passed the Inflation Reduction Act.</li><li>The act removes the 200,000 unit sales cap for electric vehicle &#34;EV&#34; tax credits.</li><li>The act still has to be passed by the House of Representatives to become law.</li><li>If it passes, it will be a huge catalyst for Tesla, which will once again be eligible for Federal tax credits.</li><li>Many Tesla models meet the Act&#39;s strict U.S. sourcing requirements; most competitors&#39; offerings don&#39;t.</li></ul><p>This past Sunday, the U.S. Senate passed the Inflation Reduction Act, a spending bill containing a variety of climate change related measures. Among the most discussed measures in the bill is a change to the electric vehicle (“EV”)tax credit. Under previous rules, a company would lose its eligibility for EV credits after selling its 200,000th car. Tesla (NASDAQ:TSLA) crossed the 200,000 car threshold in 2018, and its tax credits were phased out over three years. By early 2022, Teslas were no longer eligible for the tax credit.</p><p>With the passage of the Inflation Reduction Act, that has changed. The current version of the act, which will be debated by the House of Representatives this week, removes the 200,000 car limit for credit eligibility. Now, buyers of some Tesla models can enjoy the full $7,500 credit toward the purchase of their vehicles. There are some limits to this – the credit applies to sedans up to $55,000 and SUVs up to $80,000– but many Teslas will be eligible. The EV tax credit notably requires that the vehicle&#39;s battery be40% sourced from the U.S. or allies- Tesla&#39;s Model S meets this standard, most competitors&#39; offerings don&#39;t.</p><p><img src=\"https://static.tigerbbs.com/c4475ae62d8d2254828c81b2e64dc19b\" tg-width=\"640\" tg-height=\"214\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Model 3 meets the standard, most don&#39;t(roadandtrack.com)</p><p>This is great news for a company that some say was built on government subsidies. Many of Elon Musk’s critics allege that Tesla has been taking enormous amounts of government assistance over the years. When we dig into the details, we see that Tesla did benefit from the EV tax credit in its early days. Furthermore, it benefits from similar credits in other countries today. The point about Tesla’s reliance on tax breaks can be overstated, but there’s no doubt that when a consumer gets a tax break for buying an EV, they’re more likely to buy one.</p><p>Given that Tesla has the most brand awareness of all the major EV companies, it benefits from consumers being incentivized to buy EVs. According to a 2018 Energy Policy article, every $1,000 in EV credits leads to a 2.6% increase in EV sales. With Tesla having a large share of the U.S. EV market, it’s likely to gain revenue from the revamped tax credit. This credit could therefore serve as a catalyst improving Tesla’s business performance in the second half. However, as I’ll demonstrate shortly, this catalyst alone doesn’t automatically make the stock a great value.</p><p><b>How the EV Tax Credit Works</b></p><p>To understand how the revamped EV tax credit helps Tesla, we need to know how the credit works. The EV tax credit has been around in some form since 2009, having been announced in 2008’s Energy Improvement and Extension Act. The way credit works has changed since it was first introduced.</p><p>The way the credit originally worked was like this:</p><p>Every electric vehicle got a base credit of $2,500. A person buying any EV would get $2,500 plus an extra $417 per kilowatt-hour of battery capacity. For passenger cars, this increase in credits continued up until $7,500 worth of tax credits were earned. Any American who bought an EV would get to claim this credit on their taxes and deduct the appropriate percentage of $7,500 from their income.</p><p>The EV tax credit also had a cap on how many cars a manufacturer could sell and still be eligible for the credit. Once a manufacturer surpassed 200,000 cars sold in the United States, their tax credits would be phased out over three years. Tesla hit the 200,000 car milestone in 2008. Its tax credits were phased out on the schedule shown below:</p><p><img src=\"https://static.tigerbbs.com/61a30d4a86130928bc8262cb7df92850\" tg-width=\"872\" tg-height=\"298\" referrerpolicy=\"no-referrer\"/></p><p>Tesla&#39;s EV credit phase out(Tesla)</p><p>As the table above shows, all of the credits on Tesla models S, X and 3 were phased out by the end of 2019. This was where things stood for most of the last two years: Teslas weren’t eligible for the credit. Technically, this is still the case, but the Inflation Reduction Act looks quite likely to pass. The Act passed 51-50 in the Senate, and is heading to the House of Representatives for review this week. If it passes, then Teslas will be eligible for the EV tax credit once more. The version of the Act that passed in the Senate puts no cap on how many EVs a manufacturer can sell, so not only will Tesla buyers get the credit again, they’ll continue to get it indefinitely. To top it off: there are Tesla models that meet the act&#39;s strict sourcing requirements, while many competitors&#39; offerings don&#39;t make the grade.</p><p><b>Business Implications</b></p><p>Tesla regaining the EV tax credit has important business implications. Academic research suggests that every $1,000 worth of EV tax credits drives a2.6% increase in EV sales. As an example, if we have a country where 100,000 EVs are being sold per year, then adding a $1,000 credit increases sales to 102,600. The higher the dollar value of the credit, the more the sales increase. The research I’m citing doesn’t say whether the effect increases linearly or compounds with the size of the credit. If the effect is linear, then a $7,500 credit would increase the number of vehicles sold by 19,500. If it compounds, then it adds 21,228 extra sales. Either way, we should see a significant boost in sales from a $7,500 tax credit.</p><p>Furthermore, we would expect Tesla to gain from this disproportionately. Many of Tesla’s competitors haven’t shipped 200,000 cars yet, but Tesla has.<b>Lucid</b>(LCID) is aiming for14,000 cumulative deliveries by year’s end, <b>Ford</b>(F) has sold 37,000 or so, <b>Rivian</b>(RIVN) has only delivered a handful of cars to employees. None of these companies are anywhere near the 200,000 deliveries threshold, so they’re getting the credit already. Tesla, on the other hand, passed the threshold in 2018, so it will be eligible for the credit again. Therefore, we’d expect the Inflation Reduction Act to boost Tesla’s sales while leaving its competitors’ sales unchanged.</p><p><b>Tesla’s Valuation</b></p><p>Valuing a company like Tesla is always tough. The company has historically had high growth, which makes estimating its future cash flows difficult. Nevertheless, we can safely assume that, with its tax credits back, Tesla will grow faster than it would have without them. So, we can start by making a projection of Tesla’s revenue and build a discounted cash flow model from there.</p><p>According to Seeking Alpha Quant, Tesla’s five year CAGR revenue growth rate is 46%. The rate in the most recent quarter was 43%. We have indications that the growth rate will slow down. First, the most recent quarterly growth rate is lower than the five year rate. Second, the five year growth rate is only half the 10 year growth rate. It wouldn’t be conservative to assume that TSLA can keep up 43% growth forever. So, I’ll use Valuates Report’s 18.2% CAGR EV industry forecast as my revenue growth estimate. However, to account for the bullish impact of the EV tax credits Tesla is about to get, I’ll add an extra 19.5% on to the first year’s growth. So the first year will see 41.2% growth (1.182 times 1.195), followed by 18.2% growth thereafter. Tesla’s revenue for the trailing 12 month period is $67.1 billion, so we get:</p><ul><li><p>Base year: $67.1B.</p></li><li><p>Year 1: $94.74B.</p></li><li><p>Year 2: $112B.</p></li><li><p>Year 3: $132B.</p></li><li><p>Year 4: $156B.</p></li><li><p>Year 5: $185B.</p></li></ul><p>This gives us an overall CAGR growth rate of 22%. With that established, we can look at costs. Tesla had $48 billion in cost of goods sold (“COGS”) in the last 12 months. COGS scales up directly with revenue so I’ll assume that this portion of costs rises at 22%. Tesla’s operating costs have risen at 20% CAGR over the last five years, so I’ll assume they continue growing at that rate. Tesla’s tax rate in the trailing 12 month period was 10%, but I’ll up that to 15% to account for the new minimum tax included in the Inflation Reduction Act. Finally, I’ll add in non-cash costs at 6% of revenue (the percentage in the trailing 12 month period) to get a model that approximates cash from operations (“CFO”).</p><table><tbody><tr><td><p>Year 1</p></td><td><p>Year 2</p></td><td><p>Year 3</p></td><td><p>Year 4</p></td><td><p>Year 5</p></td></tr><tr><td><p>Revenue</p></td><td><p>$94.74B</p></td><td><p>$112B</p></td><td><p>$132B</p></td><td><p>$156B</p></td><td><p>$185B</p></td></tr><tr><td><p>COGS</p></td><td><p>$69B</p></td><td><p>$81.6B</p></td><td><p>$96.5B</p></td><td><p>$114B</p></td><td><p>$135B</p></td></tr><tr><td><p>Operating costs</p></td><td><p>$8.76B</p></td><td><p>$10.5B</p></td><td><p>$12.6B</p></td><td><p>$15B</p></td><td><p>$18B</p></td></tr><tr><td><p>EBIT</p></td><td><p>$16.98</p></td><td><p>$19.9B</p></td><td><p>$22.9B</p></td><td><p>$27B</p></td><td><p>$32B</p></td></tr><tr><td><p>After tax</p></td><td><p>$14.43B</p></td><td><p>$16.9B</p></td><td><p>$19.46B</p></td><td><p>$22.95B</p></td><td><p>$27.2B</p></td></tr><tr><td><p>Non-cash costs (added back in)</p></td><td><p>$5.7B</p></td><td><p>$6.72B</p></td><td><p>$7.9B</p></td><td><p>$9.36B</p></td><td><p>$11.1B</p></td></tr><tr><td><p>CFO</p></td><td><p>$20.13B</p></td><td><p>$23.62B</p></td><td><p>$27.36B</p></td><td><p>$32.31B</p></td><td><p>$38.3B</p></td></tr></tbody></table><p>Tesla has 1.155 billion shares outstanding, so these CFO figures on a per share basis add up to:</p><ul><li><p>TTM: $12.18.</p></li><li><p>Year 1: $17.42.</p></li><li><p>Year 2: $20.45</p></li><li><p>Year 3: $23.68.</p></li><li><p>Year 4: $27.97.</p></li><li><p>Year 5: $33.16.</p></li></ul><p>So, we get a 22% growth rate in cash flows per share. Using 8% as the discount rate and assuming a 5% perpetual growth rate after five years, we get a fair value of $879. This is only a 3.4% upside to the price at the time of writing ($850), so I conclude that Tesla is fully valued.</p><p><b>The Big Risk to Watch Out For</b></p><p>As I’ve shown in this article, Tesla’s EV tax credit could create a sales spike in the year ahead that gives the stock slight upside to today’s price. Without the sales spike caused by tax credits, my model would have yielded about $825, suggesting slight overvaluation. This stock is trading very close to conservative estimates of fair value, even when you account for the EV tax credit causing sales to spike. The credit is a catalyst, but not a big one, adding only a very slight amount of upside.</p><p>For this reason, Tesla investors are going to want to be on the lookout for one big risk:</p><p><i>Revenue deceleration.</i></p><p>Most industry forecasts have EVs growing at 18 to 22% for the next five years. If Tesla simply grows at that rate then its stock is not worth what it trades for today. You have to assume at least one more year of 40%+ growth to get an intrinsic value estimate for this stock that exceeds its current value. It’s so expensive already that if it grows at 18% for the next five years–a fantastic growth rate in absolute terms–it’s overvalued. The EV tax credit, or a similar catalyst, is needed for the stock to have just a little upside.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla: The EV Tax Credit Is A Huge Catalyst</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\">\nTesla: The EV Tax Credit Is A Huge Catalyst\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit sales cap for electric vehicle \"EV\" tax credits.The act still has to be passed by the House of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4532368-tesla-stock-ev-tax-credit-huge-catalyst?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157330995","content_text":"SummaryRecently the U.S. Senate Passed the Inflation Reduction Act.The act removes the 200,000 unit sales cap for electric vehicle \"EV\" tax credits.The act still has to be passed by the House of Representatives to become law.If it passes, it will be a huge catalyst for Tesla, which will once again be eligible for Federal tax credits.Many Tesla models meet the Act's strict U.S. sourcing requirements; most competitors' offerings don't.This past Sunday, the U.S. Senate passed the Inflation Reduction Act, a spending bill containing a variety of climate change related measures. Among the most discussed measures in the bill is a change to the electric vehicle (“EV”)tax credit. Under previous rules, a company would lose its eligibility for EV credits after selling its 200,000th car. Tesla (NASDAQ:TSLA) crossed the 200,000 car threshold in 2018, and its tax credits were phased out over three years. By early 2022, Teslas were no longer eligible for the tax credit.With the passage of the Inflation Reduction Act, that has changed. The current version of the act, which will be debated by the House of Representatives this week, removes the 200,000 car limit for credit eligibility. Now, buyers of some Tesla models can enjoy the full $7,500 credit toward the purchase of their vehicles. There are some limits to this – the credit applies to sedans up to $55,000 and SUVs up to $80,000– but many Teslas will be eligible. The EV tax credit notably requires that the vehicle's battery be40% sourced from the U.S. or allies- Tesla's Model S meets this standard, most competitors' offerings don't.Tesla Model 3 meets the standard, most don't(roadandtrack.com)This is great news for a company that some say was built on government subsidies. Many of Elon Musk’s critics allege that Tesla has been taking enormous amounts of government assistance over the years. When we dig into the details, we see that Tesla did benefit from the EV tax credit in its early days. Furthermore, it benefits from similar credits in other countries today. The point about Tesla’s reliance on tax breaks can be overstated, but there’s no doubt that when a consumer gets a tax break for buying an EV, they’re more likely to buy one.Given that Tesla has the most brand awareness of all the major EV companies, it benefits from consumers being incentivized to buy EVs. According to a 2018 Energy Policy article, every $1,000 in EV credits leads to a 2.6% increase in EV sales. With Tesla having a large share of the U.S. EV market, it’s likely to gain revenue from the revamped tax credit. This credit could therefore serve as a catalyst improving Tesla’s business performance in the second half. However, as I’ll demonstrate shortly, this catalyst alone doesn’t automatically make the stock a great value.How the EV Tax Credit WorksTo understand how the revamped EV tax credit helps Tesla, we need to know how the credit works. The EV tax credit has been around in some form since 2009, having been announced in 2008’s Energy Improvement and Extension Act. The way credit works has changed since it was first introduced.The way the credit originally worked was like this:Every electric vehicle got a base credit of $2,500. A person buying any EV would get $2,500 plus an extra $417 per kilowatt-hour of battery capacity. For passenger cars, this increase in credits continued up until $7,500 worth of tax credits were earned. Any American who bought an EV would get to claim this credit on their taxes and deduct the appropriate percentage of $7,500 from their income.The EV tax credit also had a cap on how many cars a manufacturer could sell and still be eligible for the credit. Once a manufacturer surpassed 200,000 cars sold in the United States, their tax credits would be phased out over three years. Tesla hit the 200,000 car milestone in 2008. Its tax credits were phased out on the schedule shown below:Tesla's EV credit phase out(Tesla)As the table above shows, all of the credits on Tesla models S, X and 3 were phased out by the end of 2019. This was where things stood for most of the last two years: Teslas weren’t eligible for the credit. Technically, this is still the case, but the Inflation Reduction Act looks quite likely to pass. The Act passed 51-50 in the Senate, and is heading to the House of Representatives for review this week. If it passes, then Teslas will be eligible for the EV tax credit once more. The version of the Act that passed in the Senate puts no cap on how many EVs a manufacturer can sell, so not only will Tesla buyers get the credit again, they’ll continue to get it indefinitely. To top it off: there are Tesla models that meet the act's strict sourcing requirements, while many competitors' offerings don't make the grade.Business ImplicationsTesla regaining the EV tax credit has important business implications. Academic research suggests that every $1,000 worth of EV tax credits drives a2.6% increase in EV sales. As an example, if we have a country where 100,000 EVs are being sold per year, then adding a $1,000 credit increases sales to 102,600. The higher the dollar value of the credit, the more the sales increase. The research I’m citing doesn’t say whether the effect increases linearly or compounds with the size of the credit. If the effect is linear, then a $7,500 credit would increase the number of vehicles sold by 19,500. If it compounds, then it adds 21,228 extra sales. Either way, we should see a significant boost in sales from a $7,500 tax credit.Furthermore, we would expect Tesla to gain from this disproportionately. Many of Tesla’s competitors haven’t shipped 200,000 cars yet, but Tesla has.Lucid(LCID) is aiming for14,000 cumulative deliveries by year’s end, Ford(F) has sold 37,000 or so, Rivian(RIVN) has only delivered a handful of cars to employees. None of these companies are anywhere near the 200,000 deliveries threshold, so they’re getting the credit already. Tesla, on the other hand, passed the threshold in 2018, so it will be eligible for the credit again. Therefore, we’d expect the Inflation Reduction Act to boost Tesla’s sales while leaving its competitors’ sales unchanged.Tesla’s ValuationValuing a company like Tesla is always tough. The company has historically had high growth, which makes estimating its future cash flows difficult. Nevertheless, we can safely assume that, with its tax credits back, Tesla will grow faster than it would have without them. So, we can start by making a projection of Tesla’s revenue and build a discounted cash flow model from there.According to Seeking Alpha Quant, Tesla’s five year CAGR revenue growth rate is 46%. The rate in the most recent quarter was 43%. We have indications that the growth rate will slow down. First, the most recent quarterly growth rate is lower than the five year rate. Second, the five year growth rate is only half the 10 year growth rate. It wouldn’t be conservative to assume that TSLA can keep up 43% growth forever. So, I’ll use Valuates Report’s 18.2% CAGR EV industry forecast as my revenue growth estimate. However, to account for the bullish impact of the EV tax credits Tesla is about to get, I’ll add an extra 19.5% on to the first year’s growth. So the first year will see 41.2% growth (1.182 times 1.195), followed by 18.2% growth thereafter. Tesla’s revenue for the trailing 12 month period is $67.1 billion, so we get:Base year: $67.1B.Year 1: $94.74B.Year 2: $112B.Year 3: $132B.Year 4: $156B.Year 5: $185B.This gives us an overall CAGR growth rate of 22%. With that established, we can look at costs. Tesla had $48 billion in cost of goods sold (“COGS”) in the last 12 months. COGS scales up directly with revenue so I’ll assume that this portion of costs rises at 22%. Tesla’s operating costs have risen at 20% CAGR over the last five years, so I’ll assume they continue growing at that rate. Tesla’s tax rate in the trailing 12 month period was 10%, but I’ll up that to 15% to account for the new minimum tax included in the Inflation Reduction Act. Finally, I’ll add in non-cash costs at 6% of revenue (the percentage in the trailing 12 month period) to get a model that approximates cash from operations (“CFO”).Year 1Year 2Year 3Year 4Year 5Revenue$94.74B$112B$132B$156B$185BCOGS$69B$81.6B$96.5B$114B$135BOperating costs$8.76B$10.5B$12.6B$15B$18BEBIT$16.98$19.9B$22.9B$27B$32BAfter tax$14.43B$16.9B$19.46B$22.95B$27.2BNon-cash costs (added back in)$5.7B$6.72B$7.9B$9.36B$11.1BCFO$20.13B$23.62B$27.36B$32.31B$38.3BTesla has 1.155 billion shares outstanding, so these CFO figures on a per share basis add up to:TTM: $12.18.Year 1: $17.42.Year 2: $20.45Year 3: $23.68.Year 4: $27.97.Year 5: $33.16.So, we get a 22% growth rate in cash flows per share. Using 8% as the discount rate and assuming a 5% perpetual growth rate after five years, we get a fair value of $879. This is only a 3.4% upside to the price at the time of writing ($850), so I conclude that Tesla is fully valued.The Big Risk to Watch Out ForAs I’ve shown in this article, Tesla’s EV tax credit could create a sales spike in the year ahead that gives the stock slight upside to today’s price. Without the sales spike caused by tax credits, my model would have yielded about $825, suggesting slight overvaluation. This stock is trading very close to conservative estimates of fair value, even when you account for the EV tax credit causing sales to spike. The credit is a catalyst, but not a big one, adding only a very slight amount of upside.For this reason, Tesla investors are going to want to be on the lookout for one big risk:Revenue deceleration.Most industry forecasts have EVs growing at 18 to 22% for the next five years. If Tesla simply grows at that rate then its stock is not worth what it trades for today. You have to assume at least one more year of 40%+ growth to get an intrinsic value estimate for this stock that exceeds its current value. It’s so expensive already that if it grows at 18% for the next five years–a fantastic growth rate in absolute terms–it’s overvalued. The EV tax credit, or a similar catalyst, is needed for the stock to have just a little upside.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":771,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9939673789,"gmtCreate":1662106131341,"gmtModify":1676536999123,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.DJI\">$DJIA(.DJI)$</a><v-v data-views=\"1\"></v-v>Bullish&nbsp;","text":"$DJIA(.DJI)$Bullish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9939673789","isVote":1,"tweetType":1,"viewCount":2496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930743442,"gmtCreate":1662010354988,"gmtModify":1676536624879,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a><v-v data-views=\"0\"></v-v>Bearish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a><v-v data-views=\"0\"></v-v>Bearish&nbsp;","text":"$NASDAQ(.IXIC)$Bearish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930743442","isVote":1,"tweetType":1,"viewCount":2825,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9930817144,"gmtCreate":1661928147790,"gmtModify":1676536605721,"author":{"id":"4123156192015922","authorId":"4123156192015922","name":"Stanlon","avatar":"https://community-static.tradeup.com/news/77f871ae913bef561e338d827f78dd70","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4123156192015922","idStr":"4123156192015922"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a><v-v data-views=\"0\"></v-v>Bearish&nbsp;","listText":"<a href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a><v-v data-views=\"0\"></v-v>Bearish&nbsp;","text":"$NASDAQ(.IXIC)$Bearish","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9930817144","isVote":1,"tweetType":1,"viewCount":3238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}