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magmag
magmag
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2022-05-23
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Bear Market, GDP, and Davos: What to Watch This Week
The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdr
Bear Market, GDP, and Davos: What to Watch This Week
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magmag
magmag
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2022-05-23
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Bear Market, GDP, and Davos: What to Watch This Week
The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdr
Bear Market, GDP, and Davos: What to Watch This Week
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2022-05-20
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Alibaba: Another Hit On Margins
Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the las
Alibaba: Another Hit On Margins
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2022-05-20
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Alibaba: Another Hit On Margins
Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the las
Alibaba: Another Hit On Margins
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2022-05-19
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US STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink
* Target Corp loses quarter of value as profit slumps* Megacap growth stocks drag down S&P 500, Nasdaq* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%Wall Street ended sharply lower on Wednesd
US STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink
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2022-05-19
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US STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink
* Target Corp loses quarter of value as profit slumps* Megacap growth stocks drag down S&P 500, Nasdaq* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%Wall Street ended sharply lower on Wednesd
US STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink
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magmag
magmag
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2022-05-17
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2022-05-17
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Buffett's Berkshire Buys Citigroup and Several Other Stocks, Slashes Verizon
Berkshire Hathaway Inc on Monday said it added new investments in $Citigroup Inc(C-N)$ and several o
Buffett's Berkshire Buys Citigroup and Several Other Stocks, Slashes Verizon
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2022-05-16
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2022-05-16
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amid a backdr","content":"<html><head></head><body><p>The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdrop of turbulent markets and an uncertain economic outlook.</p><p>For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world's top leaders face the most uncertain outlook for global cooperation in years.</p><p>A top-of-mind issue for many Davos attendees will no doubt be recent turbulence in financial markets, as the S&P 500 just completed its seventh consecutive week of losses, the longest streak since 2001. The benchmark index has fallen seven weeks in a row only twice since 1980, according to market data.</p><p>The S&P 500 slid into bear market territory — defined as a 20% drop from recent highs — intraday on Friday, but a late afternoon rally prevented a close below this line. In the week ahead, traders will keep and eye on 3,837.24, with a close below this level confirming the S&P 500's first bear market since 2020.</p><p>On the economic front, minutes from the Federal Reserve’s May 4 meeting are set for release on Wednesday, and are expected to give investors a better picture of where policymakers see interest rates headed in 2022. Uncertainty around the pace and magnitude of the Federal Reserve’s rate hiking cycle has pressured equity markets, with investors bracing for an economic slowdown as signs emerge that inflation is becoming entrenched in pockets of the economy.</p><p>A rash of U.S. economic data will also be closely watched by traders, particularly Thursday's second estimate of first quarter GDP growth. The nation’s gross domestic product – the broadest measure of economic activity – contracted at an annualized rate of 1.4% between January and March as lingering supply chain imbalances, inflation, and disruptions from war in Eastern Europe weighed on growth. The updated estimate is expected to show a revised contraction of 1.3%, according to Bloomberg estimates.</p><p>Elsewhere on the economic calendar, the Bureau of Economic Analysis is scheduled to release a fresh read on its monthly personal consumption expenditures (PCE). PCE, the Federal Reserve's preferred inflation measure, will offer markets the latest look at how quickly prices are increasing across the country. Economists expect PCE to slightly abate, registering a monthly climb of 0.2% in April, down from last month’s reading of 0.9%, according to Bloomberg data. The reading would still mark the 17th consecutive monthly increase and mark a 6.2% increase in the index compared to last year.</p><p>Corporate earnings also remain in focus after big box retailers Walmart (WMT) and Target (TGT) spooked investors last week, as the retailers cut forecasts and told investors their inventory channels had become bloated. Target erased a quarter of its market value, and Walmart shares fell 20% – the biggest declines since the 1987 crash. The companies also dragged down the overall retail sector along with them — the SPDR S&P Retail ETF (XRT) fell over 9% last week.</p><p>“Investors have been struggling with the three ‘Cs’ so far this year: central banks, conflict in Ukraine, and China’s recurring shutdowns,” Brian Jacobsen, senior investment strategist at Allspring Global Investments said. “This past week we had to add another 'C,' compressing profit margins from big retailers.”</p><p>“There was bound to be some payback from the pandemic-induced profit surge a lot of companies experienced, but that payback might be bigger than originally thought,” Jacobsen noted. “Businesses have to deal with higher input costs, consumers crimped by high prices, and shifting spending patterns.”</p><p>Reports from more retailers are underway next week, with results due out from names including Macy’s (M), Dick's Sporting Goods (DKS), and Ulta Beauty (ULTA). The results are likely to provide more clarity to investors on the state of U.S. consumers and resilience of corporate profits in the face of persistent inflation.</p><p>"Unfortunately there's no safe haven,” ER Shares chief operating officer Eva Ados told Yahoo Finance Live. “When we see the news that came out of consumer discretionary and staples, that shows the struggles that companies have regardless of their size, and ironically, these are the sectors – staples and consumer discretionary – that are viewed as safe havens in a bad economic market."</p><p>A lackluster earnings season is winding down. S&P 500 companies reporting results for the first quarter have seen the largest negative price reaction to positive earnings per share surprises since 2011, according to data from FactSet.</p><p>As of Friday, 95% of the companies in the S&P 500 have reported earnings for the first quarter, with 77% reflecting actual earnings per share above the mean EPS estimate. However, companies that have reported positive earnings surprises have seen an average price decrease of 0.5% two days before the earnings release through two days after the earnings release, per FactSet. This percentage decrease is well below the five-year average price increase of 0.8% during this same window for companies reporting positive earnings surprises.</p><p><b>Economic calendar</b></p><p>Monday: Chicago Fed National Activity Index, April (0.44 during prior month)</p><p>Tuesday: S&P Global US Manufacturing PMI, May preliminary (57.8 expected, 59.2 during prior month); S&P Global US Services PMI, May preliminary (55.5 expected, 55.6 during prior month); S&P Global US Composite PMI, May preliminary (55.5 expected, 56.0 during prior month); Richmond Fed Manufacturing Index, May (12 expected, 14 during prior month); New Home Sales, April (750,000 expected, 763,000 during prior month); New Home Sales, month-over-month, April (-1.7%, -8.6% during prior month)</p><p>Wednesday: MBA Mortgage Applications, week ended May 20 (-11.0% during prior week); Durable goods orders, April preliminary (0.6% expected, 1.1% during prior month); Durables excluding transportation, April preliminary (0.6% expected, 1.4% during prior month); Non-defense capital goods orders excluding aircraft, April preliminary (0.5% expected, 1.3% during prior month) Non-defense capital goods shipments excluding aircraft, April preliminary (0.5% expected, 0.4%during prior month); FOMC Meeting Minutes, May 4</p><p>Thursday: GDP Annualized, quarter-over-quarter, 1Q second (-1.3% expected, -1.4% prior); Personal Consumption, quarter-over-quarter, 1Q second (2.8% expected, 2.7% prior); GDP Price Index, quarter-over-quarter, 1Q second (8.0% expected, 8.0% prior); Core PCE, quarter-over-quarter, 1Q second (5.2% expected, 5.2% prior); Initial Jobless Claims, week ended May 21 (210,000 expected, 218,000 during prior week); Continuing Claims, week ended May 14 (1.310 million expected, 1.317 million during prior week); Pending Home Sales, month-over-month, April (-1.9% expected, -1.2% during prior month); Pending Home Sales NSA, year-over-year, April (-8.9% during prior month); Kansas City Fed Manufacturing Index, May (20 expected, 25 during prior month)</p><p>Friday: Advance Goods Trade Balance, April (-$114.8 billion expected, -$125.3 billion during prior month, revised to -$127.1 billion); Wholesale Inventories, month-over-month, April preliminary (2.0% expected, 2.3% during previous month), Personal Income, month-over-month, April (0.5% expected, 0.5% during prior month); Personal Spending, month-over-month, April (0.6% expected, 1.1% during prior month); Real Personal Spending, month-over-month, April (0.5% expected, 0.2% during prior month); Retail Inventories, month-over-month, April (2.0% during prior month); PCE Deflator, month-over-month, April (0.2% expected, 0.9% during prior month); PCE Deflator, year-over-year, April (6.2% expected, 6.6% during prior month); PCE Core Deflator, month-over-month, April (0.3% expected, 0.3% during prior month); PCE core deflator, year-over-year, April (4.9% expected, 5.2% during prior month); University of Michigan Sentiment, May final (59.1 expected, 59.1 during prior month); University of Michigan Current Conditions, May final (63.6 during prior month); University of Michigan Expectations, May final (56.3 during prior month); University of Michigan 1-Year Inflation, May final (5.4% during prior month); University of Michigan 5-10-Year Inflation, May final (3.0% during prior month)</p><p><b>Earnings calendar</b><img src=\"https://static.tigerbbs.com/c03112e83e14b0595f63b07b7c089c4f\" tg-width=\"1800\" tg-height=\"1430\" referrerpolicy=\"no-referrer\"/>Monday</p><p>Before market open: No notable reports scheduled for release.</p><p>After market close: Zoom Video Communications (ZM), Advance Auto Parts (AAP), Nordson (NDSN)</p><p>Tuesday</p><p>Before market open: Autozone (AZO), Best Buy (BBY), Abercrombie and Fitch (ANF), Ralph Lauren (RL), Petco (WOOF)</p><p>After market close: Nordstrom (JWN), Agilent Technologies (A), Toll Brothers (TOL)</p><p>Wednesday</p><p>Before market open: Dick’s Sporting Goods (DKS), Express (EXPR), Bank of Montreal (BMO)</p><p>After market close: Nvidia (NDA), Box (BOX), Nutanix (NTNX)</p><p>Thursday</p><p>Before market open:, Macy’s (M), Dollar Tree (DLTR), Dollar General (DG), Ulta Beauty (ULTA), Lions Gate (LGF), VMware (VMW), Alibaba (BABA), Burlington Stores (BURL), Jack in the Box (JACK), Buckle (BKE)</p><p>After market close: Costco (COST), Dell Technologies (DELL), Gap (GPS), Autodesk (ADSK), Workday (WDAY), Sumo Logic (SUMO), American Eagle Outfitters (AEO)</p><p>Friday</p><p>Before market open: Big Lots (BIG), Pinduodo (PDD)</p><p>After market close: No notable reports scheduled for release.</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>Bear Market, GDP, and Davos: What to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBear Market, GDP, and Davos: What to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-23 06:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdrop of turbulent markets and an uncertain economic outlook.</p><p>For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world's top leaders face the most uncertain outlook for global cooperation in years.</p><p>A top-of-mind issue for many Davos attendees will no doubt be recent turbulence in financial markets, as the S&P 500 just completed its seventh consecutive week of losses, the longest streak since 2001. The benchmark index has fallen seven weeks in a row only twice since 1980, according to market data.</p><p>The S&P 500 slid into bear market territory — defined as a 20% drop from recent highs — intraday on Friday, but a late afternoon rally prevented a close below this line. In the week ahead, traders will keep and eye on 3,837.24, with a close below this level confirming the S&P 500's first bear market since 2020.</p><p>On the economic front, minutes from the Federal Reserve’s May 4 meeting are set for release on Wednesday, and are expected to give investors a better picture of where policymakers see interest rates headed in 2022. Uncertainty around the pace and magnitude of the Federal Reserve’s rate hiking cycle has pressured equity markets, with investors bracing for an economic slowdown as signs emerge that inflation is becoming entrenched in pockets of the economy.</p><p>A rash of U.S. economic data will also be closely watched by traders, particularly Thursday's second estimate of first quarter GDP growth. The nation’s gross domestic product – the broadest measure of economic activity – contracted at an annualized rate of 1.4% between January and March as lingering supply chain imbalances, inflation, and disruptions from war in Eastern Europe weighed on growth. The updated estimate is expected to show a revised contraction of 1.3%, according to Bloomberg estimates.</p><p>Elsewhere on the economic calendar, the Bureau of Economic Analysis is scheduled to release a fresh read on its monthly personal consumption expenditures (PCE). PCE, the Federal Reserve's preferred inflation measure, will offer markets the latest look at how quickly prices are increasing across the country. Economists expect PCE to slightly abate, registering a monthly climb of 0.2% in April, down from last month’s reading of 0.9%, according to Bloomberg data. The reading would still mark the 17th consecutive monthly increase and mark a 6.2% increase in the index compared to last year.</p><p>Corporate earnings also remain in focus after big box retailers Walmart (WMT) and Target (TGT) spooked investors last week, as the retailers cut forecasts and told investors their inventory channels had become bloated. Target erased a quarter of its market value, and Walmart shares fell 20% – the biggest declines since the 1987 crash. The companies also dragged down the overall retail sector along with them — the SPDR S&P Retail ETF (XRT) fell over 9% last week.</p><p>“Investors have been struggling with the three ‘Cs’ so far this year: central banks, conflict in Ukraine, and China’s recurring shutdowns,” Brian Jacobsen, senior investment strategist at Allspring Global Investments said. “This past week we had to add another 'C,' compressing profit margins from big retailers.”</p><p>“There was bound to be some payback from the pandemic-induced profit surge a lot of companies experienced, but that payback might be bigger than originally thought,” Jacobsen noted. “Businesses have to deal with higher input costs, consumers crimped by high prices, and shifting spending patterns.”</p><p>Reports from more retailers are underway next week, with results due out from names including Macy’s (M), Dick's Sporting Goods (DKS), and Ulta Beauty (ULTA). The results are likely to provide more clarity to investors on the state of U.S. consumers and resilience of corporate profits in the face of persistent inflation.</p><p>"Unfortunately there's no safe haven,” ER Shares chief operating officer Eva Ados told Yahoo Finance Live. “When we see the news that came out of consumer discretionary and staples, that shows the struggles that companies have regardless of their size, and ironically, these are the sectors – staples and consumer discretionary – that are viewed as safe havens in a bad economic market."</p><p>A lackluster earnings season is winding down. S&P 500 companies reporting results for the first quarter have seen the largest negative price reaction to positive earnings per share surprises since 2011, according to data from FactSet.</p><p>As of Friday, 95% of the companies in the S&P 500 have reported earnings for the first quarter, with 77% reflecting actual earnings per share above the mean EPS estimate. However, companies that have reported positive earnings surprises have seen an average price decrease of 0.5% two days before the earnings release through two days after the earnings release, per FactSet. This percentage decrease is well below the five-year average price increase of 0.8% during this same window for companies reporting positive earnings surprises.</p><p><b>Economic calendar</b></p><p>Monday: Chicago Fed National Activity Index, April (0.44 during prior month)</p><p>Tuesday: S&P Global US Manufacturing PMI, May preliminary (57.8 expected, 59.2 during prior month); S&P Global US Services PMI, May preliminary (55.5 expected, 55.6 during prior month); S&P Global US Composite PMI, May preliminary (55.5 expected, 56.0 during prior month); Richmond Fed Manufacturing Index, May (12 expected, 14 during prior month); New Home Sales, April (750,000 expected, 763,000 during prior month); New Home Sales, month-over-month, April (-1.7%, -8.6% during prior month)</p><p>Wednesday: MBA Mortgage Applications, week ended May 20 (-11.0% during prior week); Durable goods orders, April preliminary (0.6% expected, 1.1% during prior month); Durables excluding transportation, April preliminary (0.6% expected, 1.4% during prior month); Non-defense capital goods orders excluding aircraft, April preliminary (0.5% expected, 1.3% during prior month) Non-defense capital goods shipments excluding aircraft, April preliminary (0.5% expected, 0.4%during prior month); FOMC Meeting Minutes, May 4</p><p>Thursday: GDP Annualized, quarter-over-quarter, 1Q second (-1.3% expected, -1.4% prior); Personal Consumption, quarter-over-quarter, 1Q second (2.8% expected, 2.7% prior); GDP Price Index, quarter-over-quarter, 1Q second (8.0% expected, 8.0% prior); Core PCE, quarter-over-quarter, 1Q second (5.2% expected, 5.2% prior); Initial Jobless Claims, week ended May 21 (210,000 expected, 218,000 during prior week); Continuing Claims, week ended May 14 (1.310 million expected, 1.317 million during prior week); Pending Home Sales, month-over-month, April (-1.9% expected, -1.2% during prior month); Pending Home Sales NSA, year-over-year, April (-8.9% during prior month); Kansas City Fed Manufacturing Index, May (20 expected, 25 during prior month)</p><p>Friday: Advance Goods Trade Balance, April (-$114.8 billion expected, -$125.3 billion during prior month, revised to -$127.1 billion); Wholesale Inventories, month-over-month, April preliminary (2.0% expected, 2.3% during previous month), Personal Income, month-over-month, April (0.5% expected, 0.5% during prior month); Personal Spending, month-over-month, April (0.6% expected, 1.1% during prior month); Real Personal Spending, month-over-month, April (0.5% expected, 0.2% during prior month); Retail Inventories, month-over-month, April (2.0% during prior month); PCE Deflator, month-over-month, April (0.2% expected, 0.9% during prior month); PCE Deflator, year-over-year, April (6.2% expected, 6.6% during prior month); PCE Core Deflator, month-over-month, April (0.3% expected, 0.3% during prior month); PCE core deflator, year-over-year, April (4.9% expected, 5.2% during prior month); University of Michigan Sentiment, May final (59.1 expected, 59.1 during prior month); University of Michigan Current Conditions, May final (63.6 during prior month); University of Michigan Expectations, May final (56.3 during prior month); University of Michigan 1-Year Inflation, May final (5.4% during prior month); University of Michigan 5-10-Year Inflation, May final (3.0% during prior month)</p><p><b>Earnings calendar</b><img src=\"https://static.tigerbbs.com/c03112e83e14b0595f63b07b7c089c4f\" tg-width=\"1800\" tg-height=\"1430\" referrerpolicy=\"no-referrer\"/>Monday</p><p>Before market open: No notable reports scheduled for release.</p><p>After market close: Zoom Video Communications (ZM), Advance Auto Parts (AAP), Nordson (NDSN)</p><p>Tuesday</p><p>Before market open: Autozone (AZO), Best Buy (BBY), Abercrombie and Fitch (ANF), Ralph Lauren (RL), Petco (WOOF)</p><p>After market close: Nordstrom (JWN), Agilent Technologies (A), Toll Brothers (TOL)</p><p>Wednesday</p><p>Before market open: Dick’s Sporting Goods (DKS), Express (EXPR), Bank of Montreal (BMO)</p><p>After market close: Nvidia (NDA), Box (BOX), Nutanix (NTNX)</p><p>Thursday</p><p>Before market open:, Macy’s (M), Dollar Tree (DLTR), Dollar General (DG), Ulta Beauty (ULTA), Lions Gate (LGF), VMware (VMW), Alibaba (BABA), Burlington Stores (BURL), Jack in the Box (JACK), Buckle (BKE)</p><p>After market close: Costco (COST), Dell Technologies (DELL), Gap (GPS), Autodesk (ADSK), Workday (WDAY), Sumo Logic (SUMO), American Eagle Outfitters (AEO)</p><p>Friday</p><p>Before market open: Big Lots (BIG), Pinduodo (PDD)</p><p>After market close: No notable reports scheduled for release.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162644158","content_text":"The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdrop of turbulent markets and an uncertain economic outlook.For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world's top leaders face the most uncertain outlook for global cooperation in years.A top-of-mind issue for many Davos attendees will no doubt be recent turbulence in financial markets, as the S&P 500 just completed its seventh consecutive week of losses, the longest streak since 2001. The benchmark index has fallen seven weeks in a row only twice since 1980, according to market data.The S&P 500 slid into bear market territory — defined as a 20% drop from recent highs — intraday on Friday, but a late afternoon rally prevented a close below this line. In the week ahead, traders will keep and eye on 3,837.24, with a close below this level confirming the S&P 500's first bear market since 2020.On the economic front, minutes from the Federal Reserve’s May 4 meeting are set for release on Wednesday, and are expected to give investors a better picture of where policymakers see interest rates headed in 2022. Uncertainty around the pace and magnitude of the Federal Reserve’s rate hiking cycle has pressured equity markets, with investors bracing for an economic slowdown as signs emerge that inflation is becoming entrenched in pockets of the economy.A rash of U.S. economic data will also be closely watched by traders, particularly Thursday's second estimate of first quarter GDP growth. The nation’s gross domestic product – the broadest measure of economic activity – contracted at an annualized rate of 1.4% between January and March as lingering supply chain imbalances, inflation, and disruptions from war in Eastern Europe weighed on growth. The updated estimate is expected to show a revised contraction of 1.3%, according to Bloomberg estimates.Elsewhere on the economic calendar, the Bureau of Economic Analysis is scheduled to release a fresh read on its monthly personal consumption expenditures (PCE). PCE, the Federal Reserve's preferred inflation measure, will offer markets the latest look at how quickly prices are increasing across the country. Economists expect PCE to slightly abate, registering a monthly climb of 0.2% in April, down from last month’s reading of 0.9%, according to Bloomberg data. The reading would still mark the 17th consecutive monthly increase and mark a 6.2% increase in the index compared to last year.Corporate earnings also remain in focus after big box retailers Walmart (WMT) and Target (TGT) spooked investors last week, as the retailers cut forecasts and told investors their inventory channels had become bloated. Target erased a quarter of its market value, and Walmart shares fell 20% – the biggest declines since the 1987 crash. The companies also dragged down the overall retail sector along with them — the SPDR S&P Retail ETF (XRT) fell over 9% last week.“Investors have been struggling with the three ‘Cs’ so far this year: central banks, conflict in Ukraine, and China’s recurring shutdowns,” Brian Jacobsen, senior investment strategist at Allspring Global Investments said. “This past week we had to add another 'C,' compressing profit margins from big retailers.”“There was bound to be some payback from the pandemic-induced profit surge a lot of companies experienced, but that payback might be bigger than originally thought,” Jacobsen noted. “Businesses have to deal with higher input costs, consumers crimped by high prices, and shifting spending patterns.”Reports from more retailers are underway next week, with results due out from names including Macy’s (M), Dick's Sporting Goods (DKS), and Ulta Beauty (ULTA). The results are likely to provide more clarity to investors on the state of U.S. consumers and resilience of corporate profits in the face of persistent inflation.\"Unfortunately there's no safe haven,” ER Shares chief operating officer Eva Ados told Yahoo Finance Live. “When we see the news that came out of consumer discretionary and staples, that shows the struggles that companies have regardless of their size, and ironically, these are the sectors – staples and consumer discretionary – that are viewed as safe havens in a bad economic market.\"A lackluster earnings season is winding down. S&P 500 companies reporting results for the first quarter have seen the largest negative price reaction to positive earnings per share surprises since 2011, according to data from FactSet.As of Friday, 95% of the companies in the S&P 500 have reported earnings for the first quarter, with 77% reflecting actual earnings per share above the mean EPS estimate. However, companies that have reported positive earnings surprises have seen an average price decrease of 0.5% two days before the earnings release through two days after the earnings release, per FactSet. This percentage decrease is well below the five-year average price increase of 0.8% during this same window for companies reporting positive earnings surprises.Economic calendarMonday: Chicago Fed National Activity Index, April (0.44 during prior month)Tuesday: S&P Global US Manufacturing PMI, May preliminary (57.8 expected, 59.2 during prior month); S&P Global US Services PMI, May preliminary (55.5 expected, 55.6 during prior month); S&P Global US Composite PMI, May preliminary (55.5 expected, 56.0 during prior month); Richmond Fed Manufacturing Index, May (12 expected, 14 during prior month); New Home Sales, April (750,000 expected, 763,000 during prior month); New Home Sales, month-over-month, April (-1.7%, -8.6% during prior month)Wednesday: MBA Mortgage Applications, week ended May 20 (-11.0% during prior week); Durable goods orders, April preliminary (0.6% expected, 1.1% during prior month); Durables excluding transportation, April preliminary (0.6% expected, 1.4% during prior month); Non-defense capital goods orders excluding aircraft, April preliminary (0.5% expected, 1.3% during prior month) Non-defense capital goods shipments excluding aircraft, April preliminary (0.5% expected, 0.4%during prior month); FOMC Meeting Minutes, May 4Thursday: GDP Annualized, quarter-over-quarter, 1Q second (-1.3% expected, -1.4% prior); Personal Consumption, quarter-over-quarter, 1Q second (2.8% expected, 2.7% prior); GDP Price Index, quarter-over-quarter, 1Q second (8.0% expected, 8.0% prior); Core PCE, quarter-over-quarter, 1Q second (5.2% expected, 5.2% prior); Initial Jobless Claims, week ended May 21 (210,000 expected, 218,000 during prior week); Continuing Claims, week ended May 14 (1.310 million expected, 1.317 million during prior week); Pending Home Sales, month-over-month, April (-1.9% expected, -1.2% during prior month); Pending Home Sales NSA, year-over-year, April (-8.9% during prior month); Kansas City Fed Manufacturing Index, May (20 expected, 25 during prior month)Friday: Advance Goods Trade Balance, April (-$114.8 billion expected, -$125.3 billion during prior month, revised to -$127.1 billion); Wholesale Inventories, month-over-month, April preliminary (2.0% expected, 2.3% during previous month), Personal Income, month-over-month, April (0.5% expected, 0.5% during prior month); Personal Spending, month-over-month, April (0.6% expected, 1.1% during prior month); Real Personal Spending, month-over-month, April (0.5% expected, 0.2% during prior month); Retail Inventories, month-over-month, April (2.0% during prior month); PCE Deflator, month-over-month, April (0.2% expected, 0.9% during prior month); PCE Deflator, year-over-year, April (6.2% expected, 6.6% during prior month); PCE Core Deflator, month-over-month, April (0.3% expected, 0.3% during prior month); PCE core deflator, year-over-year, April (4.9% expected, 5.2% during prior month); University of Michigan Sentiment, May final (59.1 expected, 59.1 during prior month); University of Michigan Current Conditions, May final (63.6 during prior month); University of Michigan Expectations, May final (56.3 during prior month); University of Michigan 1-Year Inflation, May final (5.4% during prior month); University of Michigan 5-10-Year Inflation, May final (3.0% during prior month)Earnings calendarMondayBefore market open: No notable reports scheduled for release.After market close: Zoom Video Communications (ZM), Advance Auto Parts (AAP), Nordson (NDSN)TuesdayBefore market open: Autozone (AZO), Best Buy (BBY), Abercrombie and Fitch (ANF), Ralph Lauren (RL), Petco (WOOF)After market close: Nordstrom (JWN), Agilent Technologies (A), Toll Brothers (TOL)WednesdayBefore market open: Dick’s Sporting Goods (DKS), Express (EXPR), Bank of Montreal (BMO)After market close: Nvidia (NDA), Box (BOX), Nutanix (NTNX)ThursdayBefore market open:, Macy’s (M), Dollar Tree (DLTR), Dollar General (DG), Ulta Beauty (ULTA), Lions Gate (LGF), VMware (VMW), Alibaba (BABA), Burlington Stores (BURL), Jack in the Box (JACK), Buckle (BKE)After market close: Costco (COST), Dell Technologies (DELL), Gap (GPS), Autodesk (ADSK), Workday (WDAY), Sumo Logic (SUMO), American Eagle Outfitters (AEO)FridayBefore market open: Big Lots (BIG), Pinduodo (PDD)After market close: No notable reports scheduled for release.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9028404538,"gmtCreate":1653265452624,"gmtModify":1676535248861,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028404538","repostId":"1162644158","repostType":4,"repost":{"id":"1162644158","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1653259854,"share":"https://ttm.financial/m/news/1162644158?lang=&edition=fundamental","pubTime":"2022-05-23 06:50","market":"us","language":"en","title":"Bear Market, GDP, and Davos: What to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1162644158","media":"Reuters","summary":"The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdr","content":"<html><head></head><body><p>The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdrop of turbulent markets and an uncertain economic outlook.</p><p>For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world's top leaders face the most uncertain outlook for global cooperation in years.</p><p>A top-of-mind issue for many Davos attendees will no doubt be recent turbulence in financial markets, as the S&P 500 just completed its seventh consecutive week of losses, the longest streak since 2001. The benchmark index has fallen seven weeks in a row only twice since 1980, according to market data.</p><p>The S&P 500 slid into bear market territory — defined as a 20% drop from recent highs — intraday on Friday, but a late afternoon rally prevented a close below this line. In the week ahead, traders will keep and eye on 3,837.24, with a close below this level confirming the S&P 500's first bear market since 2020.</p><p>On the economic front, minutes from the Federal Reserve’s May 4 meeting are set for release on Wednesday, and are expected to give investors a better picture of where policymakers see interest rates headed in 2022. Uncertainty around the pace and magnitude of the Federal Reserve’s rate hiking cycle has pressured equity markets, with investors bracing for an economic slowdown as signs emerge that inflation is becoming entrenched in pockets of the economy.</p><p>A rash of U.S. economic data will also be closely watched by traders, particularly Thursday's second estimate of first quarter GDP growth. The nation’s gross domestic product – the broadest measure of economic activity – contracted at an annualized rate of 1.4% between January and March as lingering supply chain imbalances, inflation, and disruptions from war in Eastern Europe weighed on growth. The updated estimate is expected to show a revised contraction of 1.3%, according to Bloomberg estimates.</p><p>Elsewhere on the economic calendar, the Bureau of Economic Analysis is scheduled to release a fresh read on its monthly personal consumption expenditures (PCE). PCE, the Federal Reserve's preferred inflation measure, will offer markets the latest look at how quickly prices are increasing across the country. Economists expect PCE to slightly abate, registering a monthly climb of 0.2% in April, down from last month’s reading of 0.9%, according to Bloomberg data. The reading would still mark the 17th consecutive monthly increase and mark a 6.2% increase in the index compared to last year.</p><p>Corporate earnings also remain in focus after big box retailers Walmart (WMT) and Target (TGT) spooked investors last week, as the retailers cut forecasts and told investors their inventory channels had become bloated. Target erased a quarter of its market value, and Walmart shares fell 20% – the biggest declines since the 1987 crash. The companies also dragged down the overall retail sector along with them — the SPDR S&P Retail ETF (XRT) fell over 9% last week.</p><p>“Investors have been struggling with the three ‘Cs’ so far this year: central banks, conflict in Ukraine, and China’s recurring shutdowns,” Brian Jacobsen, senior investment strategist at Allspring Global Investments said. “This past week we had to add another 'C,' compressing profit margins from big retailers.”</p><p>“There was bound to be some payback from the pandemic-induced profit surge a lot of companies experienced, but that payback might be bigger than originally thought,” Jacobsen noted. “Businesses have to deal with higher input costs, consumers crimped by high prices, and shifting spending patterns.”</p><p>Reports from more retailers are underway next week, with results due out from names including Macy’s (M), Dick's Sporting Goods (DKS), and Ulta Beauty (ULTA). The results are likely to provide more clarity to investors on the state of U.S. consumers and resilience of corporate profits in the face of persistent inflation.</p><p>"Unfortunately there's no safe haven,” ER Shares chief operating officer Eva Ados told Yahoo Finance Live. “When we see the news that came out of consumer discretionary and staples, that shows the struggles that companies have regardless of their size, and ironically, these are the sectors – staples and consumer discretionary – that are viewed as safe havens in a bad economic market."</p><p>A lackluster earnings season is winding down. S&P 500 companies reporting results for the first quarter have seen the largest negative price reaction to positive earnings per share surprises since 2011, according to data from FactSet.</p><p>As of Friday, 95% of the companies in the S&P 500 have reported earnings for the first quarter, with 77% reflecting actual earnings per share above the mean EPS estimate. However, companies that have reported positive earnings surprises have seen an average price decrease of 0.5% two days before the earnings release through two days after the earnings release, per FactSet. This percentage decrease is well below the five-year average price increase of 0.8% during this same window for companies reporting positive earnings surprises.</p><p><b>Economic calendar</b></p><p>Monday: Chicago Fed National Activity Index, April (0.44 during prior month)</p><p>Tuesday: S&P Global US Manufacturing PMI, May preliminary (57.8 expected, 59.2 during prior month); S&P Global US Services PMI, May preliminary (55.5 expected, 55.6 during prior month); S&P Global US Composite PMI, May preliminary (55.5 expected, 56.0 during prior month); Richmond Fed Manufacturing Index, May (12 expected, 14 during prior month); New Home Sales, April (750,000 expected, 763,000 during prior month); New Home Sales, month-over-month, April (-1.7%, -8.6% during prior month)</p><p>Wednesday: MBA Mortgage Applications, week ended May 20 (-11.0% during prior week); Durable goods orders, April preliminary (0.6% expected, 1.1% during prior month); Durables excluding transportation, April preliminary (0.6% expected, 1.4% during prior month); Non-defense capital goods orders excluding aircraft, April preliminary (0.5% expected, 1.3% during prior month) Non-defense capital goods shipments excluding aircraft, April preliminary (0.5% expected, 0.4%during prior month); FOMC Meeting Minutes, May 4</p><p>Thursday: GDP Annualized, quarter-over-quarter, 1Q second (-1.3% expected, -1.4% prior); Personal Consumption, quarter-over-quarter, 1Q second (2.8% expected, 2.7% prior); GDP Price Index, quarter-over-quarter, 1Q second (8.0% expected, 8.0% prior); Core PCE, quarter-over-quarter, 1Q second (5.2% expected, 5.2% prior); Initial Jobless Claims, week ended May 21 (210,000 expected, 218,000 during prior week); Continuing Claims, week ended May 14 (1.310 million expected, 1.317 million during prior week); Pending Home Sales, month-over-month, April (-1.9% expected, -1.2% during prior month); Pending Home Sales NSA, year-over-year, April (-8.9% during prior month); Kansas City Fed Manufacturing Index, May (20 expected, 25 during prior month)</p><p>Friday: Advance Goods Trade Balance, April (-$114.8 billion expected, -$125.3 billion during prior month, revised to -$127.1 billion); Wholesale Inventories, month-over-month, April preliminary (2.0% expected, 2.3% during previous month), Personal Income, month-over-month, April (0.5% expected, 0.5% during prior month); Personal Spending, month-over-month, April (0.6% expected, 1.1% during prior month); Real Personal Spending, month-over-month, April (0.5% expected, 0.2% during prior month); Retail Inventories, month-over-month, April (2.0% during prior month); PCE Deflator, month-over-month, April (0.2% expected, 0.9% during prior month); PCE Deflator, year-over-year, April (6.2% expected, 6.6% during prior month); PCE Core Deflator, month-over-month, April (0.3% expected, 0.3% during prior month); PCE core deflator, year-over-year, April (4.9% expected, 5.2% during prior month); University of Michigan Sentiment, May final (59.1 expected, 59.1 during prior month); University of Michigan Current Conditions, May final (63.6 during prior month); University of Michigan Expectations, May final (56.3 during prior month); University of Michigan 1-Year Inflation, May final (5.4% during prior month); University of Michigan 5-10-Year Inflation, May final (3.0% during prior month)</p><p><b>Earnings calendar</b><img src=\"https://static.tigerbbs.com/c03112e83e14b0595f63b07b7c089c4f\" tg-width=\"1800\" tg-height=\"1430\" referrerpolicy=\"no-referrer\"/>Monday</p><p>Before market open: No notable reports scheduled for release.</p><p>After market close: Zoom Video Communications (ZM), Advance Auto Parts (AAP), Nordson (NDSN)</p><p>Tuesday</p><p>Before market open: Autozone (AZO), Best Buy (BBY), Abercrombie and Fitch (ANF), Ralph Lauren (RL), Petco (WOOF)</p><p>After market close: Nordstrom (JWN), Agilent Technologies (A), Toll Brothers (TOL)</p><p>Wednesday</p><p>Before market open: Dick’s Sporting Goods (DKS), Express (EXPR), Bank of Montreal (BMO)</p><p>After market close: Nvidia (NDA), Box (BOX), Nutanix (NTNX)</p><p>Thursday</p><p>Before market open:, Macy’s (M), Dollar Tree (DLTR), Dollar General (DG), Ulta Beauty (ULTA), Lions Gate (LGF), VMware (VMW), Alibaba (BABA), Burlington Stores (BURL), Jack in the Box (JACK), Buckle (BKE)</p><p>After market close: Costco (COST), Dell Technologies (DELL), Gap (GPS), Autodesk (ADSK), Workday (WDAY), Sumo Logic (SUMO), American Eagle Outfitters (AEO)</p><p>Friday</p><p>Before market open: Big Lots (BIG), Pinduodo (PDD)</p><p>After market close: No notable reports scheduled for release.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nBear Market, GDP, and Davos: What to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-23 06:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdrop of turbulent markets and an uncertain economic outlook.</p><p>For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world's top leaders face the most uncertain outlook for global cooperation in years.</p><p>A top-of-mind issue for many Davos attendees will no doubt be recent turbulence in financial markets, as the S&P 500 just completed its seventh consecutive week of losses, the longest streak since 2001. The benchmark index has fallen seven weeks in a row only twice since 1980, according to market data.</p><p>The S&P 500 slid into bear market territory — defined as a 20% drop from recent highs — intraday on Friday, but a late afternoon rally prevented a close below this line. In the week ahead, traders will keep and eye on 3,837.24, with a close below this level confirming the S&P 500's first bear market since 2020.</p><p>On the economic front, minutes from the Federal Reserve’s May 4 meeting are set for release on Wednesday, and are expected to give investors a better picture of where policymakers see interest rates headed in 2022. Uncertainty around the pace and magnitude of the Federal Reserve’s rate hiking cycle has pressured equity markets, with investors bracing for an economic slowdown as signs emerge that inflation is becoming entrenched in pockets of the economy.</p><p>A rash of U.S. economic data will also be closely watched by traders, particularly Thursday's second estimate of first quarter GDP growth. The nation’s gross domestic product – the broadest measure of economic activity – contracted at an annualized rate of 1.4% between January and March as lingering supply chain imbalances, inflation, and disruptions from war in Eastern Europe weighed on growth. The updated estimate is expected to show a revised contraction of 1.3%, according to Bloomberg estimates.</p><p>Elsewhere on the economic calendar, the Bureau of Economic Analysis is scheduled to release a fresh read on its monthly personal consumption expenditures (PCE). PCE, the Federal Reserve's preferred inflation measure, will offer markets the latest look at how quickly prices are increasing across the country. Economists expect PCE to slightly abate, registering a monthly climb of 0.2% in April, down from last month’s reading of 0.9%, according to Bloomberg data. The reading would still mark the 17th consecutive monthly increase and mark a 6.2% increase in the index compared to last year.</p><p>Corporate earnings also remain in focus after big box retailers Walmart (WMT) and Target (TGT) spooked investors last week, as the retailers cut forecasts and told investors their inventory channels had become bloated. Target erased a quarter of its market value, and Walmart shares fell 20% – the biggest declines since the 1987 crash. The companies also dragged down the overall retail sector along with them — the SPDR S&P Retail ETF (XRT) fell over 9% last week.</p><p>“Investors have been struggling with the three ‘Cs’ so far this year: central banks, conflict in Ukraine, and China’s recurring shutdowns,” Brian Jacobsen, senior investment strategist at Allspring Global Investments said. “This past week we had to add another 'C,' compressing profit margins from big retailers.”</p><p>“There was bound to be some payback from the pandemic-induced profit surge a lot of companies experienced, but that payback might be bigger than originally thought,” Jacobsen noted. “Businesses have to deal with higher input costs, consumers crimped by high prices, and shifting spending patterns.”</p><p>Reports from more retailers are underway next week, with results due out from names including Macy’s (M), Dick's Sporting Goods (DKS), and Ulta Beauty (ULTA). The results are likely to provide more clarity to investors on the state of U.S. consumers and resilience of corporate profits in the face of persistent inflation.</p><p>"Unfortunately there's no safe haven,” ER Shares chief operating officer Eva Ados told Yahoo Finance Live. “When we see the news that came out of consumer discretionary and staples, that shows the struggles that companies have regardless of their size, and ironically, these are the sectors – staples and consumer discretionary – that are viewed as safe havens in a bad economic market."</p><p>A lackluster earnings season is winding down. S&P 500 companies reporting results for the first quarter have seen the largest negative price reaction to positive earnings per share surprises since 2011, according to data from FactSet.</p><p>As of Friday, 95% of the companies in the S&P 500 have reported earnings for the first quarter, with 77% reflecting actual earnings per share above the mean EPS estimate. However, companies that have reported positive earnings surprises have seen an average price decrease of 0.5% two days before the earnings release through two days after the earnings release, per FactSet. This percentage decrease is well below the five-year average price increase of 0.8% during this same window for companies reporting positive earnings surprises.</p><p><b>Economic calendar</b></p><p>Monday: Chicago Fed National Activity Index, April (0.44 during prior month)</p><p>Tuesday: S&P Global US Manufacturing PMI, May preliminary (57.8 expected, 59.2 during prior month); S&P Global US Services PMI, May preliminary (55.5 expected, 55.6 during prior month); S&P Global US Composite PMI, May preliminary (55.5 expected, 56.0 during prior month); Richmond Fed Manufacturing Index, May (12 expected, 14 during prior month); New Home Sales, April (750,000 expected, 763,000 during prior month); New Home Sales, month-over-month, April (-1.7%, -8.6% during prior month)</p><p>Wednesday: MBA Mortgage Applications, week ended May 20 (-11.0% during prior week); Durable goods orders, April preliminary (0.6% expected, 1.1% during prior month); Durables excluding transportation, April preliminary (0.6% expected, 1.4% during prior month); Non-defense capital goods orders excluding aircraft, April preliminary (0.5% expected, 1.3% during prior month) Non-defense capital goods shipments excluding aircraft, April preliminary (0.5% expected, 0.4%during prior month); FOMC Meeting Minutes, May 4</p><p>Thursday: GDP Annualized, quarter-over-quarter, 1Q second (-1.3% expected, -1.4% prior); Personal Consumption, quarter-over-quarter, 1Q second (2.8% expected, 2.7% prior); GDP Price Index, quarter-over-quarter, 1Q second (8.0% expected, 8.0% prior); Core PCE, quarter-over-quarter, 1Q second (5.2% expected, 5.2% prior); Initial Jobless Claims, week ended May 21 (210,000 expected, 218,000 during prior week); Continuing Claims, week ended May 14 (1.310 million expected, 1.317 million during prior week); Pending Home Sales, month-over-month, April (-1.9% expected, -1.2% during prior month); Pending Home Sales NSA, year-over-year, April (-8.9% during prior month); Kansas City Fed Manufacturing Index, May (20 expected, 25 during prior month)</p><p>Friday: Advance Goods Trade Balance, April (-$114.8 billion expected, -$125.3 billion during prior month, revised to -$127.1 billion); Wholesale Inventories, month-over-month, April preliminary (2.0% expected, 2.3% during previous month), Personal Income, month-over-month, April (0.5% expected, 0.5% during prior month); Personal Spending, month-over-month, April (0.6% expected, 1.1% during prior month); Real Personal Spending, month-over-month, April (0.5% expected, 0.2% during prior month); Retail Inventories, month-over-month, April (2.0% during prior month); PCE Deflator, month-over-month, April (0.2% expected, 0.9% during prior month); PCE Deflator, year-over-year, April (6.2% expected, 6.6% during prior month); PCE Core Deflator, month-over-month, April (0.3% expected, 0.3% during prior month); PCE core deflator, year-over-year, April (4.9% expected, 5.2% during prior month); University of Michigan Sentiment, May final (59.1 expected, 59.1 during prior month); University of Michigan Current Conditions, May final (63.6 during prior month); University of Michigan Expectations, May final (56.3 during prior month); University of Michigan 1-Year Inflation, May final (5.4% during prior month); University of Michigan 5-10-Year Inflation, May final (3.0% during prior month)</p><p><b>Earnings calendar</b><img src=\"https://static.tigerbbs.com/c03112e83e14b0595f63b07b7c089c4f\" tg-width=\"1800\" tg-height=\"1430\" referrerpolicy=\"no-referrer\"/>Monday</p><p>Before market open: No notable reports scheduled for release.</p><p>After market close: Zoom Video Communications (ZM), Advance Auto Parts (AAP), Nordson (NDSN)</p><p>Tuesday</p><p>Before market open: Autozone (AZO), Best Buy (BBY), Abercrombie and Fitch (ANF), Ralph Lauren (RL), Petco (WOOF)</p><p>After market close: Nordstrom (JWN), Agilent Technologies (A), Toll Brothers (TOL)</p><p>Wednesday</p><p>Before market open: Dick’s Sporting Goods (DKS), Express (EXPR), Bank of Montreal (BMO)</p><p>After market close: Nvidia (NDA), Box (BOX), Nutanix (NTNX)</p><p>Thursday</p><p>Before market open:, Macy’s (M), Dollar Tree (DLTR), Dollar General (DG), Ulta Beauty (ULTA), Lions Gate (LGF), VMware (VMW), Alibaba (BABA), Burlington Stores (BURL), Jack in the Box (JACK), Buckle (BKE)</p><p>After market close: Costco (COST), Dell Technologies (DELL), Gap (GPS), Autodesk (ADSK), Workday (WDAY), Sumo Logic (SUMO), American Eagle Outfitters (AEO)</p><p>Friday</p><p>Before market open: Big Lots (BIG), Pinduodo (PDD)</p><p>After market close: No notable reports scheduled for release.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162644158","content_text":"The global business elite will gather in the mountains of Davos, Switzerland this week amid a backdrop of turbulent markets and an uncertain economic outlook.For the first time in over two years, CEOs, politicians, and billionaires are set to congregate at the World Economic Forum following a pandemic-induced hiatus. Russia’s war in Ukraine, the COVID-19 pandemic, and worries of economic gloom will be among the key topics discussed, as the world's top leaders face the most uncertain outlook for global cooperation in years.A top-of-mind issue for many Davos attendees will no doubt be recent turbulence in financial markets, as the S&P 500 just completed its seventh consecutive week of losses, the longest streak since 2001. The benchmark index has fallen seven weeks in a row only twice since 1980, according to market data.The S&P 500 slid into bear market territory — defined as a 20% drop from recent highs — intraday on Friday, but a late afternoon rally prevented a close below this line. In the week ahead, traders will keep and eye on 3,837.24, with a close below this level confirming the S&P 500's first bear market since 2020.On the economic front, minutes from the Federal Reserve’s May 4 meeting are set for release on Wednesday, and are expected to give investors a better picture of where policymakers see interest rates headed in 2022. Uncertainty around the pace and magnitude of the Federal Reserve’s rate hiking cycle has pressured equity markets, with investors bracing for an economic slowdown as signs emerge that inflation is becoming entrenched in pockets of the economy.A rash of U.S. economic data will also be closely watched by traders, particularly Thursday's second estimate of first quarter GDP growth. The nation’s gross domestic product – the broadest measure of economic activity – contracted at an annualized rate of 1.4% between January and March as lingering supply chain imbalances, inflation, and disruptions from war in Eastern Europe weighed on growth. The updated estimate is expected to show a revised contraction of 1.3%, according to Bloomberg estimates.Elsewhere on the economic calendar, the Bureau of Economic Analysis is scheduled to release a fresh read on its monthly personal consumption expenditures (PCE). PCE, the Federal Reserve's preferred inflation measure, will offer markets the latest look at how quickly prices are increasing across the country. Economists expect PCE to slightly abate, registering a monthly climb of 0.2% in April, down from last month’s reading of 0.9%, according to Bloomberg data. The reading would still mark the 17th consecutive monthly increase and mark a 6.2% increase in the index compared to last year.Corporate earnings also remain in focus after big box retailers Walmart (WMT) and Target (TGT) spooked investors last week, as the retailers cut forecasts and told investors their inventory channels had become bloated. Target erased a quarter of its market value, and Walmart shares fell 20% – the biggest declines since the 1987 crash. The companies also dragged down the overall retail sector along with them — the SPDR S&P Retail ETF (XRT) fell over 9% last week.“Investors have been struggling with the three ‘Cs’ so far this year: central banks, conflict in Ukraine, and China’s recurring shutdowns,” Brian Jacobsen, senior investment strategist at Allspring Global Investments said. “This past week we had to add another 'C,' compressing profit margins from big retailers.”“There was bound to be some payback from the pandemic-induced profit surge a lot of companies experienced, but that payback might be bigger than originally thought,” Jacobsen noted. “Businesses have to deal with higher input costs, consumers crimped by high prices, and shifting spending patterns.”Reports from more retailers are underway next week, with results due out from names including Macy’s (M), Dick's Sporting Goods (DKS), and Ulta Beauty (ULTA). The results are likely to provide more clarity to investors on the state of U.S. consumers and resilience of corporate profits in the face of persistent inflation.\"Unfortunately there's no safe haven,” ER Shares chief operating officer Eva Ados told Yahoo Finance Live. “When we see the news that came out of consumer discretionary and staples, that shows the struggles that companies have regardless of their size, and ironically, these are the sectors – staples and consumer discretionary – that are viewed as safe havens in a bad economic market.\"A lackluster earnings season is winding down. S&P 500 companies reporting results for the first quarter have seen the largest negative price reaction to positive earnings per share surprises since 2011, according to data from FactSet.As of Friday, 95% of the companies in the S&P 500 have reported earnings for the first quarter, with 77% reflecting actual earnings per share above the mean EPS estimate. However, companies that have reported positive earnings surprises have seen an average price decrease of 0.5% two days before the earnings release through two days after the earnings release, per FactSet. This percentage decrease is well below the five-year average price increase of 0.8% during this same window for companies reporting positive earnings surprises.Economic calendarMonday: Chicago Fed National Activity Index, April (0.44 during prior month)Tuesday: S&P Global US Manufacturing PMI, May preliminary (57.8 expected, 59.2 during prior month); S&P Global US Services PMI, May preliminary (55.5 expected, 55.6 during prior month); S&P Global US Composite PMI, May preliminary (55.5 expected, 56.0 during prior month); Richmond Fed Manufacturing Index, May (12 expected, 14 during prior month); New Home Sales, April (750,000 expected, 763,000 during prior month); New Home Sales, month-over-month, April (-1.7%, -8.6% during prior month)Wednesday: MBA Mortgage Applications, week ended May 20 (-11.0% during prior week); Durable goods orders, April preliminary (0.6% expected, 1.1% during prior month); Durables excluding transportation, April preliminary (0.6% expected, 1.4% during prior month); Non-defense capital goods orders excluding aircraft, April preliminary (0.5% expected, 1.3% during prior month) Non-defense capital goods shipments excluding aircraft, April preliminary (0.5% expected, 0.4%during prior month); FOMC Meeting Minutes, May 4Thursday: GDP Annualized, quarter-over-quarter, 1Q second (-1.3% expected, -1.4% prior); Personal Consumption, quarter-over-quarter, 1Q second (2.8% expected, 2.7% prior); GDP Price Index, quarter-over-quarter, 1Q second (8.0% expected, 8.0% prior); Core PCE, quarter-over-quarter, 1Q second (5.2% expected, 5.2% prior); Initial Jobless Claims, week ended May 21 (210,000 expected, 218,000 during prior week); Continuing Claims, week ended May 14 (1.310 million expected, 1.317 million during prior week); Pending Home Sales, month-over-month, April (-1.9% expected, -1.2% during prior month); Pending Home Sales NSA, year-over-year, April (-8.9% during prior month); Kansas City Fed Manufacturing Index, May (20 expected, 25 during prior month)Friday: Advance Goods Trade Balance, April (-$114.8 billion expected, -$125.3 billion during prior month, revised to -$127.1 billion); Wholesale Inventories, month-over-month, April preliminary (2.0% expected, 2.3% during previous month), Personal Income, month-over-month, April (0.5% expected, 0.5% during prior month); Personal Spending, month-over-month, April (0.6% expected, 1.1% during prior month); Real Personal Spending, month-over-month, April (0.5% expected, 0.2% during prior month); Retail Inventories, month-over-month, April (2.0% during prior month); PCE Deflator, month-over-month, April (0.2% expected, 0.9% during prior month); PCE Deflator, year-over-year, April (6.2% expected, 6.6% during prior month); PCE Core Deflator, month-over-month, April (0.3% expected, 0.3% during prior month); PCE core deflator, year-over-year, April (4.9% expected, 5.2% during prior month); University of Michigan Sentiment, May final (59.1 expected, 59.1 during prior month); University of Michigan Current Conditions, May final (63.6 during prior month); University of Michigan Expectations, May final (56.3 during prior month); University of Michigan 1-Year Inflation, May final (5.4% during prior month); University of Michigan 5-10-Year Inflation, May final (3.0% during prior month)Earnings calendarMondayBefore market open: No notable reports scheduled for release.After market close: Zoom Video Communications (ZM), Advance Auto Parts (AAP), Nordson (NDSN)TuesdayBefore market open: Autozone (AZO), Best Buy (BBY), Abercrombie and Fitch (ANF), Ralph Lauren (RL), Petco (WOOF)After market close: Nordstrom (JWN), Agilent Technologies (A), Toll Brothers (TOL)WednesdayBefore market open: Dick’s Sporting Goods (DKS), Express (EXPR), Bank of Montreal (BMO)After market close: Nvidia (NDA), Box (BOX), Nutanix (NTNX)ThursdayBefore market open:, Macy’s (M), Dollar Tree (DLTR), Dollar General (DG), Ulta Beauty (ULTA), Lions Gate (LGF), VMware (VMW), Alibaba (BABA), Burlington Stores (BURL), Jack in the Box (JACK), Buckle (BKE)After market close: Costco (COST), Dell Technologies (DELL), Gap (GPS), Autodesk (ADSK), Workday (WDAY), Sumo Logic (SUMO), American Eagle Outfitters (AEO)FridayBefore market open: Big Lots (BIG), Pinduodo (PDD)After market close: No notable reports scheduled for release.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":2183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021638153,"gmtCreate":1653041072072,"gmtModify":1676535213228,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021638153","repostId":"2236705977","repostType":4,"repost":{"id":"2236705977","kind":"highlight","pubTimestamp":1653061017,"share":"https://ttm.financial/m/news/2236705977?lang=&edition=fundamental","pubTime":"2022-05-20 23:36","market":"us","language":"en","title":"Alibaba: Another Hit On Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=2236705977","media":"Seeking Alpha","summary":"Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the las","content":"<html><head></head><body><p>Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the last quarter. Core commerce in China is the biggest contributor to its profit and hence we saw a massive dip in Alibaba’s income and margin in the last quarter. This margin decline could continue in the near term as the restrictions due to the pandemic are still being imposed on major cities. Alibaba’s EBITA in core commerce came at RMB 57.8 billion, down from RMB 71.9 billion in the year-ago quarter. Most of this decline was due to higher investment in Taobao Deals, Community Marketplaces, Local Consumer Service and Lazada.</p><p>We should see better margins in the medium term as the competitive pressure declines due to lower investment by Tencent (OTCPK:TCEHY) in Alibaba’s rivals like JD.com (JD), Pinduoduo (PDD), Meituan, and others. Alibaba’s cloud platform will also be the main driver for margin expansion over the next few quarters. Even with a lower margin in this earnings call, Alibaba could see better bullish sentiment if it continues to show strong progress in cloud, international regions, subscriptions, delivery, and other key business segments.</p><h2>Decline In Margins</h2><p>The decline in margins within core commerce business is due to ramping up of investments in several strategic initiatives. The growing competition from Pinduoduo forced Alibaba to launch Taobao Deals where the margins are low. This service already has over 240 million annual active customers. Alibaba also invested in Ele.me to improve its delivery network. Another big investment activity was in Lazada in Southeast Asia. Lazada is competing against Sea Limited and Alibaba has set a target to hit $100 billion gross merchandise value within this business.</p><p></p><p><img src=\"https://static.tigerbbs.com/544c296ad8072dce7401de3165fbf988\" tg-width=\"640\" tg-height=\"266\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba Filings</p><p></p><p>Figure 1: Decline in core commerce EBITA is driving the overall margins lower.</p><p>The margin decline in commerce segment was quite high. The overall EBITA margin in the year-ago quarter was 28% which declined to 18% in the last quarter.</p><h2>Tencent's Withdrawal</h2><p>Tencent has seen significant regulatory headwinds in recent quarters. It is Alibaba’s main rival which has invested in a number of companies that directly compete with Alibaba. Tencent is now trying to divest its stake in these companies to prevent antitrust action by regulators.</p><p>It has already announced a reduction in stake in JD from 17% to 2.3%. There could also be a reduction in strategic partnership where JD uses Tencent’s platform to improve its service. Tencent might also divest from PDD, Meituan and other startups. At the same time, Tencent is increasing investment outside China. This will reduce the competitive pressure on Alibaba in several business segments.</p><p></p><p><img src=\"https://static.tigerbbs.com/51ed2b380c935f55b8df8e53737d48b4\" tg-width=\"779\" tg-height=\"551\" referrerpolicy=\"no-referrer\"/></p><p>Financial Times</p><p></p><p>Figure 2: Lower investment by Tencent in China.</p><h2>Importance Of Cloud Business</h2><p>Alibaba Cloud is already showing annualized revenue rate of $12 billion.</p><p></p><p><img src=\"https://static.tigerbbs.com/130228d64a56245f00b42dbce2e29d0e\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"/></p><p>Company Filings</p><p></p><p>Figure 3: Improvement in cloud business compared to year ago quarter.</p><p>In the nine months ending December 31, 2020 Alibaba reported EBITA of negative RMB 1.9 billion. In the latest nine-month period this has changed to positive RMB 0.87 billion. The margin swing in this period was from negative 4% to positive 2 %. Many cloud providers have struggled with lower margins in the initial stages. After reaching a higher revenue base, they are able to leverage the economies of scale to deliver better margins.</p><p>We have already seen this in Google's ((GOOG)(GOOGL)) cloud business. Google was able to deliver a 16 percentage point improvement in margin on a YoY basis in the previous quarter. Alibaba should also be able to show improvement in cloud margins as the revenue base increases and we see better economies of scale.</p><p>Another factor working in favor of Alibaba Cloud is the rapid international growth shown by the company. Recently, Alibaba opened its third data center in Germany and it now directly competes with Amazon (AMZN), Microsoft (MSFT), Google, and other cloud providers in the lucrative European region. It should be noted that Alibaba Cloud has many features which are similar to Amazon's AWS because both of these cloud operations started with their e-commerce business. This makes it easier for clients to use Alibaba Cloud instead of AWS in case they get better discounts.</p><p>Many clients are focusing on using the services of multiple cloud providers instead of a single cloud company. This should help Alibaba Cloud gain market share as clients try to diversify their cloud providers.</p><p></p><p><img src=\"https://static.tigerbbs.com/0b7a35257e5d288ea3753661e3165873\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>Amazon Filing</p><p></p><p>Figure 4: Amazon's AWS has shown operating margin of close to 30% in the last few quarters.</p><p>Amazon’s AWS regularly shows operating margin of 30%. There is a massive margin gap between Alibaba Cloud and AWS. Alibaba Cloud has already shown an improvement of six percentage points in margins in the first three-quarters of this fiscal. Further improvement is likely as Alibaba ramps up its international investment in cloud business.</p><p>Hence, we should see a lot of margin improvement in Alibaba Cloud due to better economies of scale, international expansion, and usage of multiple cloud providers by clients, and thereby see a reduction in margin gap with AWS.</p><h2>Are Margins Important?</h2><p>If Alibaba can show rapid growth in international regions, the margins might take a back seat for Wall Street in evaluating the stock. The company is trying to replicate the business model it has created within China in other locations. It tries to gain a good share of the ecommerce market in a new region and then launches other services like payment, cloud, delivery, subscriptions, etc. within these locations. Alibaba has already proven itself in Southeast Asia. It owns Lazada which is a major player in the ecommerce market of Southeast Asia.</p><p>Lazada had $21 billion gross merchandise value according to recent estimates compared with Sea Limited which had $35 billion GMV. Sea Limited is trading at close to $50 billion market cap. Hence, Lazada could also have a massive standalone valuation. Alibaba also owns a big stake in Trendyol which is the leading e-commerce company in Turkey with a valuation of over $16 billion.</p><p>By end of this decade, Alibaba’s international business could be worth more than its Chinese business. During the expansion phase in international regions, the margins will suffer as the company tries to invest in warehousing, logistics and attracts new customers through discounts. Wall Street might overlook margins in this period if Alibaba’s management can deliver high enough growth in international markets. The recent YoY growth in Lazada was 82% which shows that heavy investment can bring a strong growth from a high revenue base.</p><h2>Impact On Stock</h2><p>Alibaba is trading at a modest valuation multiple even if we price in the regulatory challenges faced by the company. The company has a number of growth drivers that it can use to deliver better numbers in the future. The core business is still very strong and it has been able to retain its market share despite the growth of innovative disruptors like PDD.</p><p></p><p><img src=\"https://static.tigerbbs.com/6e18f482493ca5ea51b28b8a3f0ce819\" tg-width=\"640\" tg-height=\"293\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p></p><p>Figure 5: Alibaba's forward PE ratio is considerably lower than that of JD and PDD.</p><p>The revenue growth is still strong in a number of important businesses like cloud, international commerce, Ele.me and others. The forward P/E ratio of Alibaba is close to single digit which does not reflect the core strengths. We could still see some margin headwinds due to pandemic restrictions in the near term. However, in the medium to long term, the revenue growth and margin potential of the company are promising.</p><p>Investors should look past the short-term margin fluctuation and gauge the long-term growth of important segments like cloud, international commerce, subscriptions, and competition with Tencent.</p><h2>Investor Takeaway</h2><p>Alibaba has seen a dip in margins as the company invests in its strategic initiatives. We should see lower competitive pressure on Alibaba in the medium term as Tencent reduces its stake and partnership in JD, PDD, Meituan and others. Tencent is also directing more investment in international regions which should be favorable for Alibaba in China. Alibaba’s cloud business will be the main margin driver in the next few quarters.</p><p>Alibaba’s international growth will also put less attention on the margins. If Alibaba can rapidly expand in Southeast Asia and Europe across services like ecommerce, cloud, payments, delivery, and others, then it can improve the long-term growth runway for the company.</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>Alibaba: Another Hit On Margins</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\">\nAlibaba: Another Hit On Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 23:36 GMT+8 <a href=https://seekingalpha.com/article/4513086-alibaba-another-hit-on-margins><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the last quarter. Core commerce in China is the biggest contributor to its profit and hence we saw a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4513086-alibaba-another-hit-on-margins\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4513086-alibaba-another-hit-on-margins","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236705977","content_text":"Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the last quarter. Core commerce in China is the biggest contributor to its profit and hence we saw a massive dip in Alibaba’s income and margin in the last quarter. This margin decline could continue in the near term as the restrictions due to the pandemic are still being imposed on major cities. Alibaba’s EBITA in core commerce came at RMB 57.8 billion, down from RMB 71.9 billion in the year-ago quarter. Most of this decline was due to higher investment in Taobao Deals, Community Marketplaces, Local Consumer Service and Lazada.We should see better margins in the medium term as the competitive pressure declines due to lower investment by Tencent (OTCPK:TCEHY) in Alibaba’s rivals like JD.com (JD), Pinduoduo (PDD), Meituan, and others. Alibaba’s cloud platform will also be the main driver for margin expansion over the next few quarters. Even with a lower margin in this earnings call, Alibaba could see better bullish sentiment if it continues to show strong progress in cloud, international regions, subscriptions, delivery, and other key business segments.Decline In MarginsThe decline in margins within core commerce business is due to ramping up of investments in several strategic initiatives. The growing competition from Pinduoduo forced Alibaba to launch Taobao Deals where the margins are low. This service already has over 240 million annual active customers. Alibaba also invested in Ele.me to improve its delivery network. Another big investment activity was in Lazada in Southeast Asia. Lazada is competing against Sea Limited and Alibaba has set a target to hit $100 billion gross merchandise value within this business.Alibaba FilingsFigure 1: Decline in core commerce EBITA is driving the overall margins lower.The margin decline in commerce segment was quite high. The overall EBITA margin in the year-ago quarter was 28% which declined to 18% in the last quarter.Tencent's WithdrawalTencent has seen significant regulatory headwinds in recent quarters. It is Alibaba’s main rival which has invested in a number of companies that directly compete with Alibaba. Tencent is now trying to divest its stake in these companies to prevent antitrust action by regulators.It has already announced a reduction in stake in JD from 17% to 2.3%. There could also be a reduction in strategic partnership where JD uses Tencent’s platform to improve its service. Tencent might also divest from PDD, Meituan and other startups. At the same time, Tencent is increasing investment outside China. This will reduce the competitive pressure on Alibaba in several business segments.Financial TimesFigure 2: Lower investment by Tencent in China.Importance Of Cloud BusinessAlibaba Cloud is already showing annualized revenue rate of $12 billion.Company FilingsFigure 3: Improvement in cloud business compared to year ago quarter.In the nine months ending December 31, 2020 Alibaba reported EBITA of negative RMB 1.9 billion. In the latest nine-month period this has changed to positive RMB 0.87 billion. The margin swing in this period was from negative 4% to positive 2 %. Many cloud providers have struggled with lower margins in the initial stages. After reaching a higher revenue base, they are able to leverage the economies of scale to deliver better margins.We have already seen this in Google's ((GOOG)(GOOGL)) cloud business. Google was able to deliver a 16 percentage point improvement in margin on a YoY basis in the previous quarter. Alibaba should also be able to show improvement in cloud margins as the revenue base increases and we see better economies of scale.Another factor working in favor of Alibaba Cloud is the rapid international growth shown by the company. Recently, Alibaba opened its third data center in Germany and it now directly competes with Amazon (AMZN), Microsoft (MSFT), Google, and other cloud providers in the lucrative European region. It should be noted that Alibaba Cloud has many features which are similar to Amazon's AWS because both of these cloud operations started with their e-commerce business. This makes it easier for clients to use Alibaba Cloud instead of AWS in case they get better discounts.Many clients are focusing on using the services of multiple cloud providers instead of a single cloud company. This should help Alibaba Cloud gain market share as clients try to diversify their cloud providers.Amazon FilingFigure 4: Amazon's AWS has shown operating margin of close to 30% in the last few quarters.Amazon’s AWS regularly shows operating margin of 30%. There is a massive margin gap between Alibaba Cloud and AWS. Alibaba Cloud has already shown an improvement of six percentage points in margins in the first three-quarters of this fiscal. Further improvement is likely as Alibaba ramps up its international investment in cloud business.Hence, we should see a lot of margin improvement in Alibaba Cloud due to better economies of scale, international expansion, and usage of multiple cloud providers by clients, and thereby see a reduction in margin gap with AWS.Are Margins Important?If Alibaba can show rapid growth in international regions, the margins might take a back seat for Wall Street in evaluating the stock. The company is trying to replicate the business model it has created within China in other locations. It tries to gain a good share of the ecommerce market in a new region and then launches other services like payment, cloud, delivery, subscriptions, etc. within these locations. Alibaba has already proven itself in Southeast Asia. It owns Lazada which is a major player in the ecommerce market of Southeast Asia.Lazada had $21 billion gross merchandise value according to recent estimates compared with Sea Limited which had $35 billion GMV. Sea Limited is trading at close to $50 billion market cap. Hence, Lazada could also have a massive standalone valuation. Alibaba also owns a big stake in Trendyol which is the leading e-commerce company in Turkey with a valuation of over $16 billion.By end of this decade, Alibaba’s international business could be worth more than its Chinese business. During the expansion phase in international regions, the margins will suffer as the company tries to invest in warehousing, logistics and attracts new customers through discounts. Wall Street might overlook margins in this period if Alibaba’s management can deliver high enough growth in international markets. The recent YoY growth in Lazada was 82% which shows that heavy investment can bring a strong growth from a high revenue base.Impact On StockAlibaba is trading at a modest valuation multiple even if we price in the regulatory challenges faced by the company. The company has a number of growth drivers that it can use to deliver better numbers in the future. The core business is still very strong and it has been able to retain its market share despite the growth of innovative disruptors like PDD.YchartsFigure 5: Alibaba's forward PE ratio is considerably lower than that of JD and PDD.The revenue growth is still strong in a number of important businesses like cloud, international commerce, Ele.me and others. The forward P/E ratio of Alibaba is close to single digit which does not reflect the core strengths. We could still see some margin headwinds due to pandemic restrictions in the near term. However, in the medium to long term, the revenue growth and margin potential of the company are promising.Investors should look past the short-term margin fluctuation and gauge the long-term growth of important segments like cloud, international commerce, subscriptions, and competition with Tencent.Investor TakeawayAlibaba has seen a dip in margins as the company invests in its strategic initiatives. We should see lower competitive pressure on Alibaba in the medium term as Tencent reduces its stake and partnership in JD, PDD, Meituan and others. Tencent is also directing more investment in international regions which should be favorable for Alibaba in China. Alibaba’s cloud business will be the main margin driver in the next few quarters.Alibaba’s international growth will also put less attention on the margins. If Alibaba can rapidly expand in Southeast Asia and Europe across services like ecommerce, cloud, payments, delivery, and others, then it can improve the long-term growth runway for the company.","news_type":1,"symbols_score_info":{"BABA":1,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":2312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021638032,"gmtCreate":1653041044126,"gmtModify":1676535213220,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021638032","repostId":"2236705977","repostType":4,"repost":{"id":"2236705977","kind":"highlight","pubTimestamp":1653061017,"share":"https://ttm.financial/m/news/2236705977?lang=&edition=fundamental","pubTime":"2022-05-20 23:36","market":"us","language":"en","title":"Alibaba: Another Hit On Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=2236705977","media":"Seeking Alpha","summary":"Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the las","content":"<html><head></head><body><p>Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the last quarter. Core commerce in China is the biggest contributor to its profit and hence we saw a massive dip in Alibaba’s income and margin in the last quarter. This margin decline could continue in the near term as the restrictions due to the pandemic are still being imposed on major cities. Alibaba’s EBITA in core commerce came at RMB 57.8 billion, down from RMB 71.9 billion in the year-ago quarter. Most of this decline was due to higher investment in Taobao Deals, Community Marketplaces, Local Consumer Service and Lazada.</p><p>We should see better margins in the medium term as the competitive pressure declines due to lower investment by Tencent (OTCPK:TCEHY) in Alibaba’s rivals like JD.com (JD), Pinduoduo (PDD), Meituan, and others. Alibaba’s cloud platform will also be the main driver for margin expansion over the next few quarters. Even with a lower margin in this earnings call, Alibaba could see better bullish sentiment if it continues to show strong progress in cloud, international regions, subscriptions, delivery, and other key business segments.</p><h2>Decline In Margins</h2><p>The decline in margins within core commerce business is due to ramping up of investments in several strategic initiatives. The growing competition from Pinduoduo forced Alibaba to launch Taobao Deals where the margins are low. This service already has over 240 million annual active customers. Alibaba also invested in Ele.me to improve its delivery network. Another big investment activity was in Lazada in Southeast Asia. Lazada is competing against Sea Limited and Alibaba has set a target to hit $100 billion gross merchandise value within this business.</p><p></p><p><img src=\"https://static.tigerbbs.com/544c296ad8072dce7401de3165fbf988\" tg-width=\"640\" tg-height=\"266\" referrerpolicy=\"no-referrer\"/></p><p>Alibaba Filings</p><p></p><p>Figure 1: Decline in core commerce EBITA is driving the overall margins lower.</p><p>The margin decline in commerce segment was quite high. The overall EBITA margin in the year-ago quarter was 28% which declined to 18% in the last quarter.</p><h2>Tencent's Withdrawal</h2><p>Tencent has seen significant regulatory headwinds in recent quarters. It is Alibaba’s main rival which has invested in a number of companies that directly compete with Alibaba. Tencent is now trying to divest its stake in these companies to prevent antitrust action by regulators.</p><p>It has already announced a reduction in stake in JD from 17% to 2.3%. There could also be a reduction in strategic partnership where JD uses Tencent’s platform to improve its service. Tencent might also divest from PDD, Meituan and other startups. At the same time, Tencent is increasing investment outside China. This will reduce the competitive pressure on Alibaba in several business segments.</p><p></p><p><img src=\"https://static.tigerbbs.com/51ed2b380c935f55b8df8e53737d48b4\" tg-width=\"779\" tg-height=\"551\" referrerpolicy=\"no-referrer\"/></p><p>Financial Times</p><p></p><p>Figure 2: Lower investment by Tencent in China.</p><h2>Importance Of Cloud Business</h2><p>Alibaba Cloud is already showing annualized revenue rate of $12 billion.</p><p></p><p><img src=\"https://static.tigerbbs.com/130228d64a56245f00b42dbce2e29d0e\" tg-width=\"640\" tg-height=\"265\" referrerpolicy=\"no-referrer\"/></p><p>Company Filings</p><p></p><p>Figure 3: Improvement in cloud business compared to year ago quarter.</p><p>In the nine months ending December 31, 2020 Alibaba reported EBITA of negative RMB 1.9 billion. In the latest nine-month period this has changed to positive RMB 0.87 billion. The margin swing in this period was from negative 4% to positive 2 %. Many cloud providers have struggled with lower margins in the initial stages. After reaching a higher revenue base, they are able to leverage the economies of scale to deliver better margins.</p><p>We have already seen this in Google's ((GOOG)(GOOGL)) cloud business. Google was able to deliver a 16 percentage point improvement in margin on a YoY basis in the previous quarter. Alibaba should also be able to show improvement in cloud margins as the revenue base increases and we see better economies of scale.</p><p>Another factor working in favor of Alibaba Cloud is the rapid international growth shown by the company. Recently, Alibaba opened its third data center in Germany and it now directly competes with Amazon (AMZN), Microsoft (MSFT), Google, and other cloud providers in the lucrative European region. It should be noted that Alibaba Cloud has many features which are similar to Amazon's AWS because both of these cloud operations started with their e-commerce business. This makes it easier for clients to use Alibaba Cloud instead of AWS in case they get better discounts.</p><p>Many clients are focusing on using the services of multiple cloud providers instead of a single cloud company. This should help Alibaba Cloud gain market share as clients try to diversify their cloud providers.</p><p></p><p><img src=\"https://static.tigerbbs.com/0b7a35257e5d288ea3753661e3165873\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>Amazon Filing</p><p></p><p>Figure 4: Amazon's AWS has shown operating margin of close to 30% in the last few quarters.</p><p>Amazon’s AWS regularly shows operating margin of 30%. There is a massive margin gap between Alibaba Cloud and AWS. Alibaba Cloud has already shown an improvement of six percentage points in margins in the first three-quarters of this fiscal. Further improvement is likely as Alibaba ramps up its international investment in cloud business.</p><p>Hence, we should see a lot of margin improvement in Alibaba Cloud due to better economies of scale, international expansion, and usage of multiple cloud providers by clients, and thereby see a reduction in margin gap with AWS.</p><h2>Are Margins Important?</h2><p>If Alibaba can show rapid growth in international regions, the margins might take a back seat for Wall Street in evaluating the stock. The company is trying to replicate the business model it has created within China in other locations. It tries to gain a good share of the ecommerce market in a new region and then launches other services like payment, cloud, delivery, subscriptions, etc. within these locations. Alibaba has already proven itself in Southeast Asia. It owns Lazada which is a major player in the ecommerce market of Southeast Asia.</p><p>Lazada had $21 billion gross merchandise value according to recent estimates compared with Sea Limited which had $35 billion GMV. Sea Limited is trading at close to $50 billion market cap. Hence, Lazada could also have a massive standalone valuation. Alibaba also owns a big stake in Trendyol which is the leading e-commerce company in Turkey with a valuation of over $16 billion.</p><p>By end of this decade, Alibaba’s international business could be worth more than its Chinese business. During the expansion phase in international regions, the margins will suffer as the company tries to invest in warehousing, logistics and attracts new customers through discounts. Wall Street might overlook margins in this period if Alibaba’s management can deliver high enough growth in international markets. The recent YoY growth in Lazada was 82% which shows that heavy investment can bring a strong growth from a high revenue base.</p><h2>Impact On Stock</h2><p>Alibaba is trading at a modest valuation multiple even if we price in the regulatory challenges faced by the company. The company has a number of growth drivers that it can use to deliver better numbers in the future. The core business is still very strong and it has been able to retain its market share despite the growth of innovative disruptors like PDD.</p><p></p><p><img src=\"https://static.tigerbbs.com/6e18f482493ca5ea51b28b8a3f0ce819\" tg-width=\"640\" tg-height=\"293\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p></p><p>Figure 5: Alibaba's forward PE ratio is considerably lower than that of JD and PDD.</p><p>The revenue growth is still strong in a number of important businesses like cloud, international commerce, Ele.me and others. The forward P/E ratio of Alibaba is close to single digit which does not reflect the core strengths. We could still see some margin headwinds due to pandemic restrictions in the near term. However, in the medium to long term, the revenue growth and margin potential of the company are promising.</p><p>Investors should look past the short-term margin fluctuation and gauge the long-term growth of important segments like cloud, international commerce, subscriptions, and competition with Tencent.</p><h2>Investor Takeaway</h2><p>Alibaba has seen a dip in margins as the company invests in its strategic initiatives. We should see lower competitive pressure on Alibaba in the medium term as Tencent reduces its stake and partnership in JD, PDD, Meituan and others. Tencent is also directing more investment in international regions which should be favorable for Alibaba in China. Alibaba’s cloud business will be the main margin driver in the next few quarters.</p><p>Alibaba’s international growth will also put less attention on the margins. If Alibaba can rapidly expand in Southeast Asia and Europe across services like ecommerce, cloud, payments, delivery, and others, then it can improve the long-term growth runway for the company.</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>Alibaba: Another Hit On Margins</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\">\nAlibaba: Another Hit On Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 23:36 GMT+8 <a href=https://seekingalpha.com/article/4513086-alibaba-another-hit-on-margins><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the last quarter. Core commerce in China is the biggest contributor to its profit and hence we saw a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4513086-alibaba-another-hit-on-margins\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"source_url":"https://seekingalpha.com/article/4513086-alibaba-another-hit-on-margins","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236705977","content_text":"Alibaba (NYSE:BABA) had reported a big decline in its EBITA within core commerce business in the last quarter. Core commerce in China is the biggest contributor to its profit and hence we saw a massive dip in Alibaba’s income and margin in the last quarter. This margin decline could continue in the near term as the restrictions due to the pandemic are still being imposed on major cities. Alibaba’s EBITA in core commerce came at RMB 57.8 billion, down from RMB 71.9 billion in the year-ago quarter. Most of this decline was due to higher investment in Taobao Deals, Community Marketplaces, Local Consumer Service and Lazada.We should see better margins in the medium term as the competitive pressure declines due to lower investment by Tencent (OTCPK:TCEHY) in Alibaba’s rivals like JD.com (JD), Pinduoduo (PDD), Meituan, and others. Alibaba’s cloud platform will also be the main driver for margin expansion over the next few quarters. Even with a lower margin in this earnings call, Alibaba could see better bullish sentiment if it continues to show strong progress in cloud, international regions, subscriptions, delivery, and other key business segments.Decline In MarginsThe decline in margins within core commerce business is due to ramping up of investments in several strategic initiatives. The growing competition from Pinduoduo forced Alibaba to launch Taobao Deals where the margins are low. This service already has over 240 million annual active customers. Alibaba also invested in Ele.me to improve its delivery network. Another big investment activity was in Lazada in Southeast Asia. Lazada is competing against Sea Limited and Alibaba has set a target to hit $100 billion gross merchandise value within this business.Alibaba FilingsFigure 1: Decline in core commerce EBITA is driving the overall margins lower.The margin decline in commerce segment was quite high. The overall EBITA margin in the year-ago quarter was 28% which declined to 18% in the last quarter.Tencent's WithdrawalTencent has seen significant regulatory headwinds in recent quarters. It is Alibaba’s main rival which has invested in a number of companies that directly compete with Alibaba. Tencent is now trying to divest its stake in these companies to prevent antitrust action by regulators.It has already announced a reduction in stake in JD from 17% to 2.3%. There could also be a reduction in strategic partnership where JD uses Tencent’s platform to improve its service. Tencent might also divest from PDD, Meituan and other startups. At the same time, Tencent is increasing investment outside China. This will reduce the competitive pressure on Alibaba in several business segments.Financial TimesFigure 2: Lower investment by Tencent in China.Importance Of Cloud BusinessAlibaba Cloud is already showing annualized revenue rate of $12 billion.Company FilingsFigure 3: Improvement in cloud business compared to year ago quarter.In the nine months ending December 31, 2020 Alibaba reported EBITA of negative RMB 1.9 billion. In the latest nine-month period this has changed to positive RMB 0.87 billion. The margin swing in this period was from negative 4% to positive 2 %. Many cloud providers have struggled with lower margins in the initial stages. After reaching a higher revenue base, they are able to leverage the economies of scale to deliver better margins.We have already seen this in Google's ((GOOG)(GOOGL)) cloud business. Google was able to deliver a 16 percentage point improvement in margin on a YoY basis in the previous quarter. Alibaba should also be able to show improvement in cloud margins as the revenue base increases and we see better economies of scale.Another factor working in favor of Alibaba Cloud is the rapid international growth shown by the company. Recently, Alibaba opened its third data center in Germany and it now directly competes with Amazon (AMZN), Microsoft (MSFT), Google, and other cloud providers in the lucrative European region. It should be noted that Alibaba Cloud has many features which are similar to Amazon's AWS because both of these cloud operations started with their e-commerce business. This makes it easier for clients to use Alibaba Cloud instead of AWS in case they get better discounts.Many clients are focusing on using the services of multiple cloud providers instead of a single cloud company. This should help Alibaba Cloud gain market share as clients try to diversify their cloud providers.Amazon FilingFigure 4: Amazon's AWS has shown operating margin of close to 30% in the last few quarters.Amazon’s AWS regularly shows operating margin of 30%. There is a massive margin gap between Alibaba Cloud and AWS. Alibaba Cloud has already shown an improvement of six percentage points in margins in the first three-quarters of this fiscal. Further improvement is likely as Alibaba ramps up its international investment in cloud business.Hence, we should see a lot of margin improvement in Alibaba Cloud due to better economies of scale, international expansion, and usage of multiple cloud providers by clients, and thereby see a reduction in margin gap with AWS.Are Margins Important?If Alibaba can show rapid growth in international regions, the margins might take a back seat for Wall Street in evaluating the stock. The company is trying to replicate the business model it has created within China in other locations. It tries to gain a good share of the ecommerce market in a new region and then launches other services like payment, cloud, delivery, subscriptions, etc. within these locations. Alibaba has already proven itself in Southeast Asia. It owns Lazada which is a major player in the ecommerce market of Southeast Asia.Lazada had $21 billion gross merchandise value according to recent estimates compared with Sea Limited which had $35 billion GMV. Sea Limited is trading at close to $50 billion market cap. Hence, Lazada could also have a massive standalone valuation. Alibaba also owns a big stake in Trendyol which is the leading e-commerce company in Turkey with a valuation of over $16 billion.By end of this decade, Alibaba’s international business could be worth more than its Chinese business. During the expansion phase in international regions, the margins will suffer as the company tries to invest in warehousing, logistics and attracts new customers through discounts. Wall Street might overlook margins in this period if Alibaba’s management can deliver high enough growth in international markets. The recent YoY growth in Lazada was 82% which shows that heavy investment can bring a strong growth from a high revenue base.Impact On StockAlibaba is trading at a modest valuation multiple even if we price in the regulatory challenges faced by the company. The company has a number of growth drivers that it can use to deliver better numbers in the future. The core business is still very strong and it has been able to retain its market share despite the growth of innovative disruptors like PDD.YchartsFigure 5: Alibaba's forward PE ratio is considerably lower than that of JD and PDD.The revenue growth is still strong in a number of important businesses like cloud, international commerce, Ele.me and others. The forward P/E ratio of Alibaba is close to single digit which does not reflect the core strengths. We could still see some margin headwinds due to pandemic restrictions in the near term. However, in the medium to long term, the revenue growth and margin potential of the company are promising.Investors should look past the short-term margin fluctuation and gauge the long-term growth of important segments like cloud, international commerce, subscriptions, and competition with Tencent.Investor TakeawayAlibaba has seen a dip in margins as the company invests in its strategic initiatives. We should see lower competitive pressure on Alibaba in the medium term as Tencent reduces its stake and partnership in JD, PDD, Meituan and others. Tencent is also directing more investment in international regions which should be favorable for Alibaba in China. Alibaba’s cloud business will be the main margin driver in the next few quarters.Alibaba’s international growth will also put less attention on the margins. If Alibaba can rapidly expand in Southeast Asia and Europe across services like ecommerce, cloud, payments, delivery, and others, then it can improve the long-term growth runway for the company.","news_type":1,"symbols_score_info":{"BABA":1,"09988":0.9}},"isVote":1,"tweetType":1,"viewCount":2524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023266602,"gmtCreate":1652922287806,"gmtModify":1676535189387,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023266602","repostId":"2236718440","repostType":4,"repost":{"id":"2236718440","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1652914963,"share":"https://ttm.financial/m/news/2236718440?lang=&edition=fundamental","pubTime":"2022-05-19 07:02","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink","url":"https://stock-news.laohu8.com/highlight/detail?id=2236718440","media":"Reuters","summary":"* Target Corp loses quarter of value as profit slumps* Megacap growth stocks drag down S&P 500, Nasdaq* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%Wall Street ended sharply lower on Wednesd","content":"<html><head></head><body><p>* Target Corp loses quarter of value as profit slumps</p><p>* Megacap growth stocks drag down S&P 500, Nasdaq</p><p>* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%</p><p>Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.</p><p>It was the worst <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.</p><p>Target Corp's first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell about 25%, losing about $25 billion in market capitalization, in their worst session since the Black Monday crash on Oct. 19, 1987.</p><p>The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF dropped 8.3%.</p><p>"We think the developing impact on retail spending as inflation outpaces wages for even longer than people might have expected is a principal factor in causing the market sell-off today," said Paul Christopher, head of global market strategy at Wells Fargo Investment Institute. "Retailers are starting to reveal the impact of eroding consumer purchasing power."</p><p>Interest-rate sensitive megacap growth stocks added to recent declines and pulled the S&P 500 and Nasdaq lower. Amazon, Nvidia and Tesla Inc dropped close to 7%, while Apple fell 5.6%.</p><p>"The cons outweigh the pros for growth stocks at this particular moment, and the market is trying to decide how bad it's going to get," said Liz Young, head of investment strategy at SoFi. "The market is fearful of the next six months. We may find out that it doesn't need to be as fearful as this, and markets do tend to overreact on the downside."</p><p>All of the 11 S&P 500 sector indexes declined, with consumer discretionary and consumer staples leading the way lower, both down more than 6%.</p><p>Rising inflation, the conflict in Ukraine, prolonged supply chain snarls, pandemic-related lockdowns in China and monetary policy tightening by central banks have weighed on financial markets recently, stoking concerns about a global economic slowdown.</p><p>Wells Fargo Investment Institute on Wednesday said it expects a mild U.S. recession at the end of 2022 and early 2023.</p><p>Federal Reserve Chair Jerome Powell vowed on Tuesday that the U.S central bank will raise rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.</p><p>Traders are pricing in 50-basis point interest rate hikes by the Fed in June and July.</p><p>Unofficially, the S&P 500 declined 4.04% to end the session at 3,923.68 points.</p><p>The Nasdaq declined 4.73% to 11,418.15 points, while Dow Jones Industrial Average declined 3.57% to 31,490.07 points.</p><p>The S&P 500 is down about 18% so far in 2022 and the Nasdaq has fallen about 27%, hit by tumbling growth stocks. Almost two-thirds of S&P 500 stocks are down 20% or more from their 52-week highs, according to Refinitiv data.</p><p>Wall Street's recent sell-off has left the S&P 500 trading at around 17 times expected earnings, its lowest PE valuation since the 2020 sell-off caused by the coronavirus pandemic, according to Refinitiv data.</p><p>The CBOE volatility index, also known as Wall Street's fear gauge, rose to 31 points after falling for six straight sessions.</p><p>Volume on U.S. exchanges was 12.5 billion shares, compared with a 13.4 billion average over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.09-to-1 ratio; on Nasdaq, a 3.52-to-1 ratio favored decliners.</p><p>The S&P 500 posted one new 52-week high and 37 new lows; the Nasdaq Composite recorded 25 new highs and 242 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-19 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Target Corp loses quarter of value as profit slumps</p><p>* Megacap growth stocks drag down S&P 500, Nasdaq</p><p>* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%</p><p>Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.</p><p>It was the worst <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.</p><p>Target Corp's first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell about 25%, losing about $25 billion in market capitalization, in their worst session since the Black Monday crash on Oct. 19, 1987.</p><p>The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF dropped 8.3%.</p><p>"We think the developing impact on retail spending as inflation outpaces wages for even longer than people might have expected is a principal factor in causing the market sell-off today," said Paul Christopher, head of global market strategy at Wells Fargo Investment Institute. "Retailers are starting to reveal the impact of eroding consumer purchasing power."</p><p>Interest-rate sensitive megacap growth stocks added to recent declines and pulled the S&P 500 and Nasdaq lower. Amazon, Nvidia and Tesla Inc dropped close to 7%, while Apple fell 5.6%.</p><p>"The cons outweigh the pros for growth stocks at this particular moment, and the market is trying to decide how bad it's going to get," said Liz Young, head of investment strategy at SoFi. "The market is fearful of the next six months. We may find out that it doesn't need to be as fearful as this, and markets do tend to overreact on the downside."</p><p>All of the 11 S&P 500 sector indexes declined, with consumer discretionary and consumer staples leading the way lower, both down more than 6%.</p><p>Rising inflation, the conflict in Ukraine, prolonged supply chain snarls, pandemic-related lockdowns in China and monetary policy tightening by central banks have weighed on financial markets recently, stoking concerns about a global economic slowdown.</p><p>Wells Fargo Investment Institute on Wednesday said it expects a mild U.S. recession at the end of 2022 and early 2023.</p><p>Federal Reserve Chair Jerome Powell vowed on Tuesday that the U.S central bank will raise rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.</p><p>Traders are pricing in 50-basis point interest rate hikes by the Fed in June and July.</p><p>Unofficially, the S&P 500 declined 4.04% to end the session at 3,923.68 points.</p><p>The Nasdaq declined 4.73% to 11,418.15 points, while Dow Jones Industrial Average declined 3.57% to 31,490.07 points.</p><p>The S&P 500 is down about 18% so far in 2022 and the Nasdaq has fallen about 27%, hit by tumbling growth stocks. Almost two-thirds of S&P 500 stocks are down 20% or more from their 52-week highs, according to Refinitiv data.</p><p>Wall Street's recent sell-off has left the S&P 500 trading at around 17 times expected earnings, its lowest PE valuation since the 2020 sell-off caused by the coronavirus pandemic, according to Refinitiv data.</p><p>The CBOE volatility index, also known as Wall Street's fear gauge, rose to 31 points after falling for six straight sessions.</p><p>Volume on U.S. exchanges was 12.5 billion shares, compared with a 13.4 billion average over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.09-to-1 ratio; on Nasdaq, a 3.52-to-1 ratio favored decliners.</p><p>The S&P 500 posted one new 52-week high and 37 new lows; the Nasdaq Composite recorded 25 new highs and 242 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TGT":"塔吉特",".SPX":"S&P 500 Index",".DJI":"道琼斯","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4532":"文艺复兴科技持仓","BK4504":"桥水持仓",".IXIC":"NASDAQ Composite","BK4114":"综合货品商店"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236718440","content_text":"* Target Corp loses quarter of value as profit slumps* Megacap growth stocks drag down S&P 500, Nasdaq* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.It was the worst one-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.Target Corp's first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell about 25%, losing about $25 billion in market capitalization, in their worst session since the Black Monday crash on Oct. 19, 1987.The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF dropped 8.3%.\"We think the developing impact on retail spending as inflation outpaces wages for even longer than people might have expected is a principal factor in causing the market sell-off today,\" said Paul Christopher, head of global market strategy at Wells Fargo Investment Institute. \"Retailers are starting to reveal the impact of eroding consumer purchasing power.\"Interest-rate sensitive megacap growth stocks added to recent declines and pulled the S&P 500 and Nasdaq lower. Amazon, Nvidia and Tesla Inc dropped close to 7%, while Apple fell 5.6%.\"The cons outweigh the pros for growth stocks at this particular moment, and the market is trying to decide how bad it's going to get,\" said Liz Young, head of investment strategy at SoFi. \"The market is fearful of the next six months. We may find out that it doesn't need to be as fearful as this, and markets do tend to overreact on the downside.\"All of the 11 S&P 500 sector indexes declined, with consumer discretionary and consumer staples leading the way lower, both down more than 6%.Rising inflation, the conflict in Ukraine, prolonged supply chain snarls, pandemic-related lockdowns in China and monetary policy tightening by central banks have weighed on financial markets recently, stoking concerns about a global economic slowdown.Wells Fargo Investment Institute on Wednesday said it expects a mild U.S. recession at the end of 2022 and early 2023.Federal Reserve Chair Jerome Powell vowed on Tuesday that the U.S central bank will raise rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.Traders are pricing in 50-basis point interest rate hikes by the Fed in June and July.Unofficially, the S&P 500 declined 4.04% to end the session at 3,923.68 points.The Nasdaq declined 4.73% to 11,418.15 points, while Dow Jones Industrial Average declined 3.57% to 31,490.07 points.The S&P 500 is down about 18% so far in 2022 and the Nasdaq has fallen about 27%, hit by tumbling growth stocks. Almost two-thirds of S&P 500 stocks are down 20% or more from their 52-week highs, according to Refinitiv data.Wall Street's recent sell-off has left the S&P 500 trading at around 17 times expected earnings, its lowest PE valuation since the 2020 sell-off caused by the coronavirus pandemic, according to Refinitiv data.The CBOE volatility index, also known as Wall Street's fear gauge, rose to 31 points after falling for six straight sessions.Volume on U.S. exchanges was 12.5 billion shares, compared with a 13.4 billion average over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 5.09-to-1 ratio; on Nasdaq, a 3.52-to-1 ratio favored decliners.The S&P 500 posted one new 52-week high and 37 new lows; the Nasdaq Composite recorded 25 new highs and 242 new lows.","news_type":1,"symbols_score_info":{".DJI":0.9,"TGT":1,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9023266374,"gmtCreate":1652922275598,"gmtModify":1676535189387,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9023266374","repostId":"2236718440","repostType":4,"repost":{"id":"2236718440","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1652914963,"share":"https://ttm.financial/m/news/2236718440?lang=&edition=fundamental","pubTime":"2022-05-19 07:02","market":"us","language":"en","title":"US STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink","url":"https://stock-news.laohu8.com/highlight/detail?id=2236718440","media":"Reuters","summary":"* Target Corp loses quarter of value as profit slumps* Megacap growth stocks drag down S&P 500, Nasdaq* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%Wall Street ended sharply lower on Wednesd","content":"<html><head></head><body><p>* Target Corp loses quarter of value as profit slumps</p><p>* Megacap growth stocks drag down S&P 500, Nasdaq</p><p>* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%</p><p>Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.</p><p>It was the worst <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.</p><p>Target Corp's first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell about 25%, losing about $25 billion in market capitalization, in their worst session since the Black Monday crash on Oct. 19, 1987.</p><p>The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF dropped 8.3%.</p><p>"We think the developing impact on retail spending as inflation outpaces wages for even longer than people might have expected is a principal factor in causing the market sell-off today," said Paul Christopher, head of global market strategy at Wells Fargo Investment Institute. "Retailers are starting to reveal the impact of eroding consumer purchasing power."</p><p>Interest-rate sensitive megacap growth stocks added to recent declines and pulled the S&P 500 and Nasdaq lower. Amazon, Nvidia and Tesla Inc dropped close to 7%, while Apple fell 5.6%.</p><p>"The cons outweigh the pros for growth stocks at this particular moment, and the market is trying to decide how bad it's going to get," said Liz Young, head of investment strategy at SoFi. "The market is fearful of the next six months. We may find out that it doesn't need to be as fearful as this, and markets do tend to overreact on the downside."</p><p>All of the 11 S&P 500 sector indexes declined, with consumer discretionary and consumer staples leading the way lower, both down more than 6%.</p><p>Rising inflation, the conflict in Ukraine, prolonged supply chain snarls, pandemic-related lockdowns in China and monetary policy tightening by central banks have weighed on financial markets recently, stoking concerns about a global economic slowdown.</p><p>Wells Fargo Investment Institute on Wednesday said it expects a mild U.S. recession at the end of 2022 and early 2023.</p><p>Federal Reserve Chair Jerome Powell vowed on Tuesday that the U.S central bank will raise rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.</p><p>Traders are pricing in 50-basis point interest rate hikes by the Fed in June and July.</p><p>Unofficially, the S&P 500 declined 4.04% to end the session at 3,923.68 points.</p><p>The Nasdaq declined 4.73% to 11,418.15 points, while Dow Jones Industrial Average declined 3.57% to 31,490.07 points.</p><p>The S&P 500 is down about 18% so far in 2022 and the Nasdaq has fallen about 27%, hit by tumbling growth stocks. Almost two-thirds of S&P 500 stocks are down 20% or more from their 52-week highs, according to Refinitiv data.</p><p>Wall Street's recent sell-off has left the S&P 500 trading at around 17 times expected earnings, its lowest PE valuation since the 2020 sell-off caused by the coronavirus pandemic, according to Refinitiv data.</p><p>The CBOE volatility index, also known as Wall Street's fear gauge, rose to 31 points after falling for six straight sessions.</p><p>Volume on U.S. exchanges was 12.5 billion shares, compared with a 13.4 billion average over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.09-to-1 ratio; on Nasdaq, a 3.52-to-1 ratio favored decliners.</p><p>The S&P 500 posted one new 52-week high and 37 new lows; the Nasdaq Composite recorded 25 new highs and 242 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Ends Sharply Lower as Target and Growth Stocks Sink\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-19 07:02</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Target Corp loses quarter of value as profit slumps</p><p>* Megacap growth stocks drag down S&P 500, Nasdaq</p><p>* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%</p><p>Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.</p><p>It was the worst <a href=\"https://laohu8.com/S/AONE.U\">one</a>-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.</p><p>Target Corp's first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell about 25%, losing about $25 billion in market capitalization, in their worst session since the Black Monday crash on Oct. 19, 1987.</p><p>The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF dropped 8.3%.</p><p>"We think the developing impact on retail spending as inflation outpaces wages for even longer than people might have expected is a principal factor in causing the market sell-off today," said Paul Christopher, head of global market strategy at Wells Fargo Investment Institute. "Retailers are starting to reveal the impact of eroding consumer purchasing power."</p><p>Interest-rate sensitive megacap growth stocks added to recent declines and pulled the S&P 500 and Nasdaq lower. Amazon, Nvidia and Tesla Inc dropped close to 7%, while Apple fell 5.6%.</p><p>"The cons outweigh the pros for growth stocks at this particular moment, and the market is trying to decide how bad it's going to get," said Liz Young, head of investment strategy at SoFi. "The market is fearful of the next six months. We may find out that it doesn't need to be as fearful as this, and markets do tend to overreact on the downside."</p><p>All of the 11 S&P 500 sector indexes declined, with consumer discretionary and consumer staples leading the way lower, both down more than 6%.</p><p>Rising inflation, the conflict in Ukraine, prolonged supply chain snarls, pandemic-related lockdowns in China and monetary policy tightening by central banks have weighed on financial markets recently, stoking concerns about a global economic slowdown.</p><p>Wells Fargo Investment Institute on Wednesday said it expects a mild U.S. recession at the end of 2022 and early 2023.</p><p>Federal Reserve Chair Jerome Powell vowed on Tuesday that the U.S central bank will raise rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.</p><p>Traders are pricing in 50-basis point interest rate hikes by the Fed in June and July.</p><p>Unofficially, the S&P 500 declined 4.04% to end the session at 3,923.68 points.</p><p>The Nasdaq declined 4.73% to 11,418.15 points, while Dow Jones Industrial Average declined 3.57% to 31,490.07 points.</p><p>The S&P 500 is down about 18% so far in 2022 and the Nasdaq has fallen about 27%, hit by tumbling growth stocks. Almost two-thirds of S&P 500 stocks are down 20% or more from their 52-week highs, according to Refinitiv data.</p><p>Wall Street's recent sell-off has left the S&P 500 trading at around 17 times expected earnings, its lowest PE valuation since the 2020 sell-off caused by the coronavirus pandemic, according to Refinitiv data.</p><p>The CBOE volatility index, also known as Wall Street's fear gauge, rose to 31 points after falling for six straight sessions.</p><p>Volume on U.S. exchanges was 12.5 billion shares, compared with a 13.4 billion average over the last 20 trading days.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.09-to-1 ratio; on Nasdaq, a 3.52-to-1 ratio favored decliners.</p><p>The S&P 500 posted one new 52-week high and 37 new lows; the Nasdaq Composite recorded 25 new highs and 242 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TGT":"塔吉特",".SPX":"S&P 500 Index",".DJI":"道琼斯","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4532":"文艺复兴科技持仓","BK4504":"桥水持仓",".IXIC":"NASDAQ Composite","BK4114":"综合货品商店"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236718440","content_text":"* Target Corp loses quarter of value as profit slumps* Megacap growth stocks drag down S&P 500, Nasdaq* Indexes end: S&P 500 -4.04%, Nasdaq -4.73%, Dow -3.57%Wall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.It was the worst one-day loss for the S&P 500 and Dow Jones Industrial Average since June 2020.Target Corp's first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Its shares fell about 25%, losing about $25 billion in market capitalization, in their worst session since the Black Monday crash on Oct. 19, 1987.The retailer's results come a day after rival Walmart Inc trimmed its profit forecast. The SPDR S&P Retail ETF dropped 8.3%.\"We think the developing impact on retail spending as inflation outpaces wages for even longer than people might have expected is a principal factor in causing the market sell-off today,\" said Paul Christopher, head of global market strategy at Wells Fargo Investment Institute. \"Retailers are starting to reveal the impact of eroding consumer purchasing power.\"Interest-rate sensitive megacap growth stocks added to recent declines and pulled the S&P 500 and Nasdaq lower. Amazon, Nvidia and Tesla Inc dropped close to 7%, while Apple fell 5.6%.\"The cons outweigh the pros for growth stocks at this particular moment, and the market is trying to decide how bad it's going to get,\" said Liz Young, head of investment strategy at SoFi. \"The market is fearful of the next six months. We may find out that it doesn't need to be as fearful as this, and markets do tend to overreact on the downside.\"All of the 11 S&P 500 sector indexes declined, with consumer discretionary and consumer staples leading the way lower, both down more than 6%.Rising inflation, the conflict in Ukraine, prolonged supply chain snarls, pandemic-related lockdowns in China and monetary policy tightening by central banks have weighed on financial markets recently, stoking concerns about a global economic slowdown.Wells Fargo Investment Institute on Wednesday said it expects a mild U.S. recession at the end of 2022 and early 2023.Federal Reserve Chair Jerome Powell vowed on Tuesday that the U.S central bank will raise rates as high as needed to kill a surge in inflation that he said threatened the foundation of the economy.Traders are pricing in 50-basis point interest rate hikes by the Fed in June and July.Unofficially, the S&P 500 declined 4.04% to end the session at 3,923.68 points.The Nasdaq declined 4.73% to 11,418.15 points, while Dow Jones Industrial Average declined 3.57% to 31,490.07 points.The S&P 500 is down about 18% so far in 2022 and the Nasdaq has fallen about 27%, hit by tumbling growth stocks. Almost two-thirds of S&P 500 stocks are down 20% or more from their 52-week highs, according to Refinitiv data.Wall Street's recent sell-off has left the S&P 500 trading at around 17 times expected earnings, its lowest PE valuation since the 2020 sell-off caused by the coronavirus pandemic, according to Refinitiv data.The CBOE volatility index, also known as Wall Street's fear gauge, rose to 31 points after falling for six straight sessions.Volume on U.S. exchanges was 12.5 billion shares, compared with a 13.4 billion average over the last 20 trading days.Declining issues outnumbered advancing ones on the NYSE by a 5.09-to-1 ratio; on Nasdaq, a 3.52-to-1 ratio favored decliners.The S&P 500 posted one new 52-week high and 37 new lows; the Nasdaq Composite recorded 25 new highs and 242 new lows.","news_type":1,"symbols_score_info":{".DJI":0.9,"TGT":1,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":2429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029139302,"gmtCreate":1652745402506,"gmtModify":1676535151725,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029139302","repostId":"2236384250","repostType":4,"isVote":1,"tweetType":1,"viewCount":2604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9029139921,"gmtCreate":1652745389364,"gmtModify":1676535151725,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9029139921","repostId":"2236384250","repostType":4,"repost":{"id":"2236384250","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1652744255,"share":"https://ttm.financial/m/news/2236384250?lang=&edition=fundamental","pubTime":"2022-05-17 07:37","market":"us","language":"en","title":"Buffett's Berkshire Buys Citigroup and Several Other Stocks, Slashes Verizon","url":"https://stock-news.laohu8.com/highlight/detail?id=2236384250","media":"Reuters","summary":"Berkshire Hathaway Inc on Monday said it added new investments in $Citigroup Inc(C-N)$ and several o","content":"<html><head></head><body><p>Berkshire Hathaway Inc on Monday said it added new investments in $Citigroup Inc(C-N)$ and several other companies in the first quarter, as Warren Buffett's conglomerate took advantage of volatile stock markets to invest $51.1 billion that had largely been sitting in cash.</p><p>In a regulatory filing describing its U.S.-listed equity investments as of March 31, Berkshire reported new stakes in <a href=\"https://laohu8.com/S/GOM\">Ally Financial</a> Inc, chemicals and specialty materials company Celanese Corp, insurance holding company <a href=\"https://laohu8.com/S/MKL\">Markel Corp</a>, drug distributor McKesson Corp and <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a>, formerly known as ViacomCBS.</p><p>Omaha, Nebraska-based Berkshire said it sold nearly all of an $8.3 billion stake in Verizon Communications Inc that it had amassed in late 2020.</p><p>Berkshire also finally exited Wells Fargo & Co, a 33-year-old investment that Buffett soured on after finding it too slow to address revelations that employees had mistreated customers, including by opening unwanted accounts.</p><p>Buffett's company ended March with $106.3 billion of cash and equivalents, down from a near-record $146.7 billion three months earlier, largely reflecting the new investments.</p><p>These included previously disclosed stakes in Chevron Corp and Occidental Petroleum Corp, computer and printer maker HP Inc and video game maker Activision Blizzard Inc, the latter an arbitrage bet.</p><p>Stock sales totaled $9.7 billion, and also included drugmakers AbbVie Inc and Bristol-Myers Squibb Co .</p><p>Citigroup, where Berkshire invested nearly $3 billion, has embarked on a multiyear plan to boost performance and a share price that in recent years has lagged larger rivals JPMorgan Chase & Co and $Bank of America Corp(BAC-N)$, the latter a major Berkshire investment.</p><p>Some investors have described Markel as a small-scale version of Berkshire, and Buffett in March committed $11.6 billion to buy another insurance holding company fitting that description, <a href=\"https://laohu8.com/S/Y\">Alleghany Corp</a>.</p><p>Berkshire also owns several companies specializing in Celanese's sectors.</p><p>Monday's filing does not say which investments were made by Buffett and his portfolio managers Todd Combs and Ted Weschler.</p><p>Most large Berkshire investments are Buffett's. Stock prices often rise after Berkshire reveals new stakes because investors view the investments as a stamp of approval.</p><p>At Berkshire's annual meeting on April 30, Buffett said investors were too focused on flashy stocks, causing markets at times to resemble a casino, allowing him to focus on stocks that Berkshire understands and which add value.</p><p>Analysts have also viewed Chevron and Occidental as a way for Berkshire to benefit from rising oil prices following Russia's invasion of Ukraine.</p><p>"I wish the rest of the world worked as well as our big oil companies," Berkshire Vice Chairman Charlie Munger said at the annual meeting.</p><p>More than three-fourths of Berkshire's $390.5 billion equity portfolio on March 31 was in American Express Co, Apple Inc, Bank of America, Chevron, Coca-Cola Co and Kraft Heinz Co. Berkshire owned 26.6% of Kraft Heinz.</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>Buffett's Berkshire Buys Citigroup and Several Other Stocks, Slashes Verizon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett's Berkshire Buys Citigroup and Several Other Stocks, Slashes Verizon\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-05-17 07:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Berkshire Hathaway Inc on Monday said it added new investments in $Citigroup Inc(C-N)$ and several other companies in the first quarter, as Warren Buffett's conglomerate took advantage of volatile stock markets to invest $51.1 billion that had largely been sitting in cash.</p><p>In a regulatory filing describing its U.S.-listed equity investments as of March 31, Berkshire reported new stakes in <a href=\"https://laohu8.com/S/GOM\">Ally Financial</a> Inc, chemicals and specialty materials company Celanese Corp, insurance holding company <a href=\"https://laohu8.com/S/MKL\">Markel Corp</a>, drug distributor McKesson Corp and <a href=\"https://laohu8.com/S/PARA\">Paramount Global</a>, formerly known as ViacomCBS.</p><p>Omaha, Nebraska-based Berkshire said it sold nearly all of an $8.3 billion stake in Verizon Communications Inc that it had amassed in late 2020.</p><p>Berkshire also finally exited Wells Fargo & Co, a 33-year-old investment that Buffett soured on after finding it too slow to address revelations that employees had mistreated customers, including by opening unwanted accounts.</p><p>Buffett's company ended March with $106.3 billion of cash and equivalents, down from a near-record $146.7 billion three months earlier, largely reflecting the new investments.</p><p>These included previously disclosed stakes in Chevron Corp and Occidental Petroleum Corp, computer and printer maker HP Inc and video game maker Activision Blizzard Inc, the latter an arbitrage bet.</p><p>Stock sales totaled $9.7 billion, and also included drugmakers AbbVie Inc and Bristol-Myers Squibb Co .</p><p>Citigroup, where Berkshire invested nearly $3 billion, has embarked on a multiyear plan to boost performance and a share price that in recent years has lagged larger rivals JPMorgan Chase & Co and $Bank of America Corp(BAC-N)$, the latter a major Berkshire investment.</p><p>Some investors have described Markel as a small-scale version of Berkshire, and Buffett in March committed $11.6 billion to buy another insurance holding company fitting that description, <a href=\"https://laohu8.com/S/Y\">Alleghany Corp</a>.</p><p>Berkshire also owns several companies specializing in Celanese's sectors.</p><p>Monday's filing does not say which investments were made by Buffett and his portfolio managers Todd Combs and Ted Weschler.</p><p>Most large Berkshire investments are Buffett's. Stock prices often rise after Berkshire reveals new stakes because investors view the investments as a stamp of approval.</p><p>At Berkshire's annual meeting on April 30, Buffett said investors were too focused on flashy stocks, causing markets at times to resemble a casino, allowing him to focus on stocks that Berkshire understands and which add value.</p><p>Analysts have also viewed Chevron and Occidental as a way for Berkshire to benefit from rising oil prices following Russia's invasion of Ukraine.</p><p>"I wish the rest of the world worked as well as our big oil companies," Berkshire Vice Chairman Charlie Munger said at the annual meeting.</p><p>More than three-fourths of Berkshire's $390.5 billion equity portfolio on March 31 was in American Express Co, Apple Inc, Bank of America, Chevron, Coca-Cola Co and Kraft Heinz Co. Berkshire owned 26.6% of Kraft Heinz.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4207":"综合性银行","VZ":"Verizon Comms","CVX":"雪佛龙","BK4534":"瑞士信贷持仓","BK4566":"资本集团","C":"花旗","BK4504":"桥水持仓"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236384250","content_text":"Berkshire Hathaway Inc on Monday said it added new investments in $Citigroup Inc(C-N)$ and several other companies in the first quarter, as Warren Buffett's conglomerate took advantage of volatile stock markets to invest $51.1 billion that had largely been sitting in cash.In a regulatory filing describing its U.S.-listed equity investments as of March 31, Berkshire reported new stakes in Ally Financial Inc, chemicals and specialty materials company Celanese Corp, insurance holding company Markel Corp, drug distributor McKesson Corp and Paramount Global, formerly known as ViacomCBS.Omaha, Nebraska-based Berkshire said it sold nearly all of an $8.3 billion stake in Verizon Communications Inc that it had amassed in late 2020.Berkshire also finally exited Wells Fargo & Co, a 33-year-old investment that Buffett soured on after finding it too slow to address revelations that employees had mistreated customers, including by opening unwanted accounts.Buffett's company ended March with $106.3 billion of cash and equivalents, down from a near-record $146.7 billion three months earlier, largely reflecting the new investments.These included previously disclosed stakes in Chevron Corp and Occidental Petroleum Corp, computer and printer maker HP Inc and video game maker Activision Blizzard Inc, the latter an arbitrage bet.Stock sales totaled $9.7 billion, and also included drugmakers AbbVie Inc and Bristol-Myers Squibb Co .Citigroup, where Berkshire invested nearly $3 billion, has embarked on a multiyear plan to boost performance and a share price that in recent years has lagged larger rivals JPMorgan Chase & Co and $Bank of America Corp(BAC-N)$, the latter a major Berkshire investment.Some investors have described Markel as a small-scale version of Berkshire, and Buffett in March committed $11.6 billion to buy another insurance holding company fitting that description, Alleghany Corp.Berkshire also owns several companies specializing in Celanese's sectors.Monday's filing does not say which investments were made by Buffett and his portfolio managers Todd Combs and Ted Weschler.Most large Berkshire investments are Buffett's. Stock prices often rise after Berkshire reveals new stakes because investors view the investments as a stamp of approval.At Berkshire's annual meeting on April 30, Buffett said investors were too focused on flashy stocks, causing markets at times to resemble a casino, allowing him to focus on stocks that Berkshire understands and which add value.Analysts have also viewed Chevron and Occidental as a way for Berkshire to benefit from rising oil prices following Russia's invasion of Ukraine.\"I wish the rest of the world worked as well as our big oil companies,\" Berkshire Vice Chairman Charlie Munger said at the annual meeting.More than three-fourths of Berkshire's $390.5 billion equity portfolio on March 31 was in American Express Co, Apple Inc, Bank of America, Chevron, Coca-Cola Co and Kraft Heinz Co. Berkshire owned 26.6% of Kraft Heinz.","news_type":1,"symbols_score_info":{"CVX":0.9,"C":1,"VZ":0.6}},"isVote":1,"tweetType":1,"viewCount":2820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9020235333,"gmtCreate":1652656941322,"gmtModify":1676535132996,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9020235333","repostId":"2235487417","repostType":4,"isVote":1,"tweetType":1,"viewCount":2954,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9020235017,"gmtCreate":1652656932439,"gmtModify":1676535132981,"author":{"id":"3576789612493720","authorId":"3576789612493720","name":"magmag","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3576789612493720","idStr":"3576789612493720"},"themes":[],"htmlText":"like pls ","listText":"like pls ","text":"like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9020235017","repostId":"2235487417","repostType":4,"isVote":1,"tweetType":1,"viewCount":3999,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}