To The Moon
Home
News
TigerAI
Log In
Sign Up
CelinePang
+Follow
Posts · 10
Posts · 10
Following · 0
Following · 0
Followers · 0
Followers · 0
CelinePang
CelinePang
·
2024-12-02
Putting aside consistent and regular top up to your portfolio as regular investment, though I do keep a comfortable amount for myself for speculation trade eg trump trades 😊
看
1.05K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2024-12-02
$Destiny Tech100 Inc(DXYZ)$
看
1.11K
回复
Comment
点赞
1
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2022-10-07
Very well said, should look at company's year on year growth instead of analyst's bullshit
Have The P/E Ratios Of S&P 500 ETFs Dropped Into The Buy Range?
SummaryIn January I presented target P/E ratios for the S&P 500 and ETFs that track it. Here we revi
Have The P/E Ratios Of S&P 500 ETFs Dropped Into The Buy Range?
看
1.92K
回复
2
点赞
4
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2022-10-04
Bought ytd
Tesla Just Missed Delivery Estimates, Here's Why It's Time To Buy
Tesla stock fell after its latest delivery news, but sellers aren't looking at the whole picture.
Tesla Just Missed Delivery Estimates, Here's Why It's Time To Buy
看
1.96K
回复
1
点赞
4
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2022-06-26
Hello
看
1.23K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2022-06-25
Tesla prediction?
看
1.14K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2022-06-24
Lost over 80%...
看
1.45K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2022-04-17
How long does it take for deposit funds to show in tiger trade?
看
1.89K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2022-04-16
Does stock market usually goes up after Easter?
看
1.37K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
CelinePang
CelinePang
·
2022-04-14
What does everyone think of the stock market bubble? Will it burst soon or it's not a bubble?
看
2.49K
回复
Comment
点赞
1
编组 21备份 2
Share
Report
Load more
Most Discussed
{"i18n":{"language":"en_US"},"isCurrentUser":false,"userPageInfo":{"id":"4112876391054582","uuid":"4112876391054582","gmtCreate":1649773322414,"gmtModify":1733125082345,"name":"CelinePang","pinyin":"celinepang","introduction":"","introductionEn":"","signature":"","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":4,"tweetSize":10,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.01.07","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.15","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.09.15","exceedPercentage":"93.20%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.23","exceedPercentage":"93.38%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.07.13","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":1,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":377255902363688,"gmtCreate":1733126008179,"gmtModify":1733126089352,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"Putting aside consistent and regular top up to your portfolio as regular investment, though I do keep a comfortable amount for myself for speculation trade eg trump trades 😊","listText":"Putting aside consistent and regular top up to your portfolio as regular investment, though I do keep a comfortable amount for myself for speculation trade eg trump trades 😊","text":"Putting aside consistent and regular top up to your portfolio as regular investment, though I do keep a comfortable amount for myself for speculation trade eg trump trades 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377255902363688","isVote":1,"tweetType":1,"viewCount":1045,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377166166147128,"gmtCreate":1733124336319,"gmtModify":1733124340182,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DXYZ\">$Destiny Tech100 Inc(DXYZ)$ </a> ","listText":"<a href=\"https://ttm.financial/S/DXYZ\">$Destiny Tech100 Inc(DXYZ)$ </a> ","text":"$Destiny Tech100 Inc(DXYZ)$","images":[{"img":"https://community-static.tradeup.com/news/27a478526f4f85f6d063b1a0aa897782","width":"981","height":"1637"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377166166147128","isVote":1,"tweetType":1,"viewCount":1108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9914991290,"gmtCreate":1665152267111,"gmtModify":1676537565066,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"Very well said, should look at company's year on year growth instead of analyst's bullshit ","listText":"Very well said, should look at company's year on year growth instead of analyst's bullshit ","text":"Very well said, should look at company's year on year growth instead of analyst's bullshit","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9914991290","repostId":"1182881749","repostType":4,"repost":{"id":"1182881749","kind":"news","pubTimestamp":1665128643,"share":"https://ttm.financial/m/news/1182881749?lang=&edition=fundamental","pubTime":"2022-10-07 15:44","market":"us","language":"en","title":"Have The P/E Ratios Of S&P 500 ETFs Dropped Into The Buy Range?","url":"https://stock-news.laohu8.com/highlight/detail?id=1182881749","media":"Seeking Alpha","summary":"SummaryIn January I presented target P/E ratios for the S&P 500 and ETFs that track it. Here we revi","content":"<html><head></head><body><h2>Summary</h2><ul><li>In January I presented target P/E ratios for the S&P 500 and ETFs that track it. Here we revisit them.</li><li>We find a wide disparity in analysts' consensus predictions for S&P 500's 2022 earnings. We examine three different ones and see how they change the current P/E ratio.</li><li>But it may be misleading to use average P/E ratios that prevailed during periods over the past 20 years. If inflation persists, much lower ones might become common.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dbc9f9716a977d9f459b00d0a88a36f1\" tg-width=\"1080\" tg-height=\"721\" width=\"100%\" height=\"auto\"/><span>Sohel_Parvez_Haque/iStock via Getty Images</span></p><p>Back in January of this year, I published an article,Value-Based Price Targets For VOO Under Different Possible Scenarios, referring to the Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 Index (SP500) very closely. Inthat article, I came up with price targets that would satisfy investors who take valuation into account.</p><p>To do this I looked at what the historical P/E ratio of the S&P 500 had been through multi-year periods characterized by different market conditions that took place over the past 20 years. I used Fastgraphs to calculate the long-term average value P/E ratio for each period, and suggested that the P/E ratio that prevailed in each might be useful for determining valuations now based on your perception of which kind of market condition we might be in for the next several years.</p><p>These are the four different Price/Earnings ratios that prevailed during four periods selected from the past 20 years that experienced very different market conditions:</p><p><img src=\"https://static.tigerbbs.com/330f3e8db73f5aa179f1eb0a94a7ab29\" tg-width=\"915\" tg-height=\"348\" width=\"100%\" height=\"auto\"/></p><p>At the time I wrote that article, the price of the S&P 500 was at 4410, and its forward-looking P/E was 23.54. That was still very high in contrast to even the most optimistic conditions that had prevailed for multi-year periods, even after the significant share price drop that occurred at the beginning of January.</p><p>As we all know, the S&P 500 declined another 15% since that time. Now the S&P 500 has experienced a bear market that recovered slightly, only to plunge again into bear territory, this stark division in sentiment between bulls and bears has led to increased price volatility for the ETFs that track the S&P 500. It has not been unusual to see them fluctuate 2% or more, up or down, on any given day.</p><h3>S&P 500 ETFs - 1 Month Total Return</h3><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce00523a4d26817ea9bdd02fc6a2f3e1\" tg-width=\"640\" tg-height=\"221\" width=\"100%\" height=\"auto\"/><span>Seeking Alpha</span></p><p>So, with the third quarter now over, I thought this would be a good time to take another look at the S&P 500's current P/E ratio, to see if its price has, in fact, dropped into a range where it gives it a P/E ratio that would convince a valuation-driven investor to increase their allocation to shares of one of the major S&P 500 ETFs.</p><h2>Fastgraphs No Longer Reports S&P 500 Data</h2><p>Since I wrote that January article, Fastgraphs is no longer reporting data for the S&P 500, due, I was told, to the exorbitant price S&P Global charges for the index data for that single index. Instead, Fastgraphs now reports data for the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) which it claims performs in a manner similar enough to the S&P 500 to be used for analyses based on it.</p><p>Taking an average of the daily closing price of SPY and the S&P 500 over several months and calculating the average difference between the two, I was able to confirm that SPY's price does track the S&P 500 very closely. You can convert an S&P 500 price to a SPY price and get a very close approximation of the actual price at any given time using this formula:</p><p><b>SPY Price = S&P 500 Price *.09949</b></p><p>You can calculate an S&P 500 Price using the inverse formula:</p><p><b>S&P 500 Price = SPY Price/.09949</b></p><p>I used this same relationship to convert the earnings estimate reported for SPY into the corresponding earnings estimate for the S&P 500. It won't be exact, but it should be close enough, especially given how inexact the estimates are for any stock's future earnings and how much more inexact the estimates must be for an ETF holding over 500 stocks.</p><p>Calculating Today's P/E Based on Fastgraph's Forward Earnings Estimate</p><p>Fastgraphs currently reports analysts' estimates for the S&P 500's 2022 earnings to be $22.61. Using that data, we get the following table showing what P/E ratio based on current earnings would correspond to historical fair values for the four very different market conditions we might encounter.</p><p>Here is how SPY's Price looks as I write on 10/4/2022</p><p><b>SPY Valuation with Estimated VOO and S&P 500 Prices 10/4/2022</b></p><p><img src=\"https://static.tigerbbs.com/a70acb74ae953c5f7b1185360fb5e82b\" tg-width=\"869\" tg-height=\"205\" width=\"100%\" height=\"auto\"/></p><p>Since I personally use VOO to invest in the S&P 500, I use the conversion factor I had come up with in my previous article to convert the S&P 500 price to a close approximation of VOO's price. That conversion formula is:</p><p><b>VOO Price = S&P 500 Price * .0916</b></p><p>Based on the analysts' estimates that SPY's earnings for 2022 will come in at $22.61 we come up with these prices for VOO, SPY, and the S&P 500 that would generate the P/E ratios that prevailed during periods when the market displayed the following conditions:</p><p><b>Estimated Fair Value P/E Ratios Under Different Scenarios</b></p><p><img src=\"https://static.tigerbbs.com/9ae38180088c0fca6d2733109237b4b5\" tg-width=\"914\" tg-height=\"587\" width=\"100%\" height=\"auto\"/></p><p>As you can see, using these analysts' earnings estimates, the S&P today would appear to be priced at a price lower than the historical average P/E ratio for periods when the market went through an extended period of stagnation. As reported in my earlier article, I came up with this P/E ratio by taking the average P/E ratio of the S&P 500 over the entire period from January 2003 to January of 2022, which was 17.68.</p><p>SPY and by extension the S&P 500 and VOO also appear to be priced below the P/E that prevailed in the period several years after the Dot.com bust.</p><p>So based solely on this, admittedly crude, valuation approximation, it would look like this would be a great time to buy into an ETF like SPY, VOO, or perhaps the iShares Core S&P 500 ETF (IVV) that tracks the S&P 500. The valuation is far better than it has been since most of the period since 2013.</p><p><b>SPY Price and Earnings 2002 until Now</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/78fb6dda1a8cb0c9f27f84d54404e79e\" tg-width=\"640\" tg-height=\"443\" width=\"100%\" height=\"auto\"/><span>(fastgraphs.com)</span></p><h2>But Are These Forward Earnings Estimates Too Rosy?</h2><p>The P/E ratio changes dramatically if the price remains the same while earnings fall. The earnings estimate for Year End 2022 reported by Fastgraphs now, based on Factset data, have actually risen from where they were in January when I wrote the earlier article. Back in January, analysts were predicting that S&P 500 earnings would grow by 12% in 2022. Now they appear to be assuming earnings growth of 13.46%.</p><p><b>Current Analyst Forecasts for SPY Earnings from Fastgraphs</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d2d4b0bcd3ddff1cc01565dc56171380\" tg-width=\"640\" tg-height=\"355\" width=\"100%\" height=\"auto\"/><span>fastgraphs.com</span></p><p>I found it very hard to believe that these estimates were up-to-date. So I went to another useful source of information about the S&P 500, the YRI S&P 500 Earnings Forecast, published by Yardeni Research, which displays Yardeni's estimates along with the "Analysts' Consensus."</p><h2>Yardeni's Data Is Up-To-Date</h2><p>The report available online as I write this was just published on October 3, 2022, which is as fresh as you are going to get. I therefore give it more credence than forecast found in Fastgraphs. Here are Yardeni and Analysts' forecasts as reported in this most recent YRI S&P 500 Forecast report.</p><p><b>Estimated 2022 S&P 500 Earnings</b></p><p><img src=\"https://static.tigerbbs.com/0645366d7509d4c9316c56e516a798b0\" tg-width=\"911\" tg-height=\"222\" width=\"100%\" height=\"auto\"/></p><p>Yardeni's report tells us that the analyst consensus data used for that report comes from I/B/E/S data by Refinitiv.</p><p>As you can see, the Analysts' Consensus reported by Yardeni is far less optimistic than the one displayed by Fastgraphs. It predicts earnings growth of only 7.30%. Yardeni's own S&P 500 growth forecast is only half of that, at 3.10%.</p><p>Plugging in the Analysts' Consensus reported here into the spreadsheet I use to calculate target P/E ratios based on the S&P 500's price and earnings at any given time we come up with this up-to-date P/E ratio as of the time I am writing in the morning of October 4, 2022. I have also used the formulas given above to estimate the corresponding price of SPY and VOO.</p><p><b>Current P/E Ratio Based on Yardeni-Reported Analysts' Consensus</b></p><p><img src=\"https://static.tigerbbs.com/a136500fc44026d74e7702fb7552ab81\" tg-width=\"908\" tg-height=\"217\" width=\"100%\" height=\"auto\"/></p><p>The 16.88 P/E ratio calculated here is slightly higher than the one we saw using Factset data reported by Fastgraphs. It is still lower than the historical average P/E that prevailed during a period following overvaluation following the dot.com bust.</p><p>But recall that Yardeni's own estimate of S&P 500 earnings growth is about half that of the analysts' he cites. If we use the Yardeni estimate and the S&P 500 level right now, we get this result.</p><p><b>Current P/E Ratio Based on Yardeni Research Estimate</b></p><p><img src=\"https://static.tigerbbs.com/045676def8729234e948699487e5caa1\" tg-width=\"835\" tg-height=\"222\" width=\"100%\" height=\"auto\"/></p><h2>More Modest Earnings Estimates Push Up the P/E Significantly</h2><p>As you can see, the more pessimistic earnings estimate gives us a P/E ratio that is priced for a stagnant period without a crash, but not a period following overvaluation.</p><p>This points out how fragile any P/E ratio you see reported really is if it incorporates forward looking estimates. Analysts' estimates change and the consensus estimates from one data provider can be very different from that of another.</p><p>Take with a grain of salt, therefore, any P/E ratio you see reported for any ETF, as the only accurate P/E figures are those for past years when actual earnings can be used to compute the P/E ratio. ETF providers don't reveal the extent to which the current P/E ratios they report embody forward estimates or if they do, whose estimates they are using.</p><h2>Takeaways for Valuation-Guided Investors</h2><p>Keep a close eye on third quarter earnings reports and corporate forward guidance because if earnings are declining more than expected, the P/E ratio of the S&P 500 could surge.</p><p>Ignore any reporting that focuses on whether or not earnings beat "beat analysts' consensus." What is important is whether earnings are rising Year over Year for the quarter, and how analysts' full year estimates change after a significant number of S&P 500 companies have reported those quarterly earnings.</p><p>Fastgraphs subscribers should be even more cautious. Though I have found Fastgraphs very helpful in the past when beginning my research into individual stocks, I have often been misled by those rosy P/E ratios forecast for the next year. Treat any P/E ratio you see as having a wide range around the number reported.</p><h2>How Useful are Any Valuations Derived from The Past 20 Years?</h2><p>Back testing and historical results drawn from a period of low inflation, stable prices, and historically well-below-average borrowing costs is going to be very misleading now that none of those characteristics describes the current market environment. That might mean that the P/E ratios that prevailed throughout the past 20 years might be less helpful than I originally thought back before the Ukraine war pushed inflation up to levels not seen in many decades.</p><p>We know for a fact that the P/E ratios that prevailed during the 1970s were far lower than any of the targets derived from the past 20 years.</p><p><b>Year End P/E ratios of the S&P 500 from 1970 to 1981</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f3a7c5e745254a154c781c1b81bcdc6\" tg-width=\"521\" tg-height=\"723\" width=\"100%\" height=\"auto\"/><span>Source: www.multpl.com</span></p><p>Inflation really took off at the beginning of 1974 with the Oil Crisis tripling the price of a gallon of gasoline. A look at the P/E ratios that prevailed during this inflationary period is sobering. At current earnings, the price of the S&P 500 that would yield a P/E of 8.0 would be somewhere around 1800.</p><p>No one knows if the current inflationary period will persist. But knowing what the possibilities are, I recommend that if you want to build a position in any S&P 500 ETF the wisest choice is to dollar cost average. Make small buys every month. Don't try to call a bottom or let FOMO get you investing money that the price of the S&P 500 was to drop precipitously would leave you without money you would need to spend.</p><p>Compared to the situation we had over the period surrounding COVID-19, the valuation of the S&P 500 looks a lot more reasonable. But it will only stay reasonable if earnings for the year come in at a level corresponding to one of these current estimates and if companies can continue growing their earnings at a modest annual rate.</p><p>If earnings crash and the S&P 500's earnings for 2022 decrease from what they were in 2021, especially if companies issue downbeat forward guidance, the P/E ratio of the S&P 500 will shoot up. That will put it back into overvalued territory, using the historical average P/E ratio levels drawn from the past twenty years, even though its price has declined dramatically.</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>Have The P/E Ratios Of S&P 500 ETFs Dropped Into The Buy Range?</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\">\nHave The P/E Ratios Of S&P 500 ETFs Dropped Into The Buy Range?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-07 15:44 GMT+8 <a href=https://seekingalpha.com/article/4544667-have-s-and-p-500-etfs-pe-ratios-dropped-into-the-buy-range><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIn January I presented target P/E ratios for the S&P 500 and ETFs that track it. Here we revisit them.We find a wide disparity in analysts' consensus predictions for S&P 500's 2022 earnings. We...</p>\n\n<a href=\"https://seekingalpha.com/article/4544667-have-s-and-p-500-etfs-pe-ratios-dropped-into-the-buy-range\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","VOO":"Vanguard标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4544667-have-s-and-p-500-etfs-pe-ratios-dropped-into-the-buy-range","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182881749","content_text":"SummaryIn January I presented target P/E ratios for the S&P 500 and ETFs that track it. Here we revisit them.We find a wide disparity in analysts' consensus predictions for S&P 500's 2022 earnings. We examine three different ones and see how they change the current P/E ratio.But it may be misleading to use average P/E ratios that prevailed during periods over the past 20 years. If inflation persists, much lower ones might become common.Sohel_Parvez_Haque/iStock via Getty ImagesBack in January of this year, I published an article,Value-Based Price Targets For VOO Under Different Possible Scenarios, referring to the Vanguard S&P 500 ETF (VOO), which tracks the S&P 500 Index (SP500) very closely. Inthat article, I came up with price targets that would satisfy investors who take valuation into account.To do this I looked at what the historical P/E ratio of the S&P 500 had been through multi-year periods characterized by different market conditions that took place over the past 20 years. I used Fastgraphs to calculate the long-term average value P/E ratio for each period, and suggested that the P/E ratio that prevailed in each might be useful for determining valuations now based on your perception of which kind of market condition we might be in for the next several years.These are the four different Price/Earnings ratios that prevailed during four periods selected from the past 20 years that experienced very different market conditions:At the time I wrote that article, the price of the S&P 500 was at 4410, and its forward-looking P/E was 23.54. That was still very high in contrast to even the most optimistic conditions that had prevailed for multi-year periods, even after the significant share price drop that occurred at the beginning of January.As we all know, the S&P 500 declined another 15% since that time. Now the S&P 500 has experienced a bear market that recovered slightly, only to plunge again into bear territory, this stark division in sentiment between bulls and bears has led to increased price volatility for the ETFs that track the S&P 500. It has not been unusual to see them fluctuate 2% or more, up or down, on any given day.S&P 500 ETFs - 1 Month Total ReturnSeeking AlphaSo, with the third quarter now over, I thought this would be a good time to take another look at the S&P 500's current P/E ratio, to see if its price has, in fact, dropped into a range where it gives it a P/E ratio that would convince a valuation-driven investor to increase their allocation to shares of one of the major S&P 500 ETFs.Fastgraphs No Longer Reports S&P 500 DataSince I wrote that January article, Fastgraphs is no longer reporting data for the S&P 500, due, I was told, to the exorbitant price S&P Global charges for the index data for that single index. Instead, Fastgraphs now reports data for the SPDR S&P 500 Trust ETF (NYSEARCA:SPY) which it claims performs in a manner similar enough to the S&P 500 to be used for analyses based on it.Taking an average of the daily closing price of SPY and the S&P 500 over several months and calculating the average difference between the two, I was able to confirm that SPY's price does track the S&P 500 very closely. You can convert an S&P 500 price to a SPY price and get a very close approximation of the actual price at any given time using this formula:SPY Price = S&P 500 Price *.09949You can calculate an S&P 500 Price using the inverse formula:S&P 500 Price = SPY Price/.09949I used this same relationship to convert the earnings estimate reported for SPY into the corresponding earnings estimate for the S&P 500. It won't be exact, but it should be close enough, especially given how inexact the estimates are for any stock's future earnings and how much more inexact the estimates must be for an ETF holding over 500 stocks.Calculating Today's P/E Based on Fastgraph's Forward Earnings EstimateFastgraphs currently reports analysts' estimates for the S&P 500's 2022 earnings to be $22.61. Using that data, we get the following table showing what P/E ratio based on current earnings would correspond to historical fair values for the four very different market conditions we might encounter.Here is how SPY's Price looks as I write on 10/4/2022SPY Valuation with Estimated VOO and S&P 500 Prices 10/4/2022Since I personally use VOO to invest in the S&P 500, I use the conversion factor I had come up with in my previous article to convert the S&P 500 price to a close approximation of VOO's price. That conversion formula is:VOO Price = S&P 500 Price * .0916Based on the analysts' estimates that SPY's earnings for 2022 will come in at $22.61 we come up with these prices for VOO, SPY, and the S&P 500 that would generate the P/E ratios that prevailed during periods when the market displayed the following conditions:Estimated Fair Value P/E Ratios Under Different ScenariosAs you can see, using these analysts' earnings estimates, the S&P today would appear to be priced at a price lower than the historical average P/E ratio for periods when the market went through an extended period of stagnation. As reported in my earlier article, I came up with this P/E ratio by taking the average P/E ratio of the S&P 500 over the entire period from January 2003 to January of 2022, which was 17.68.SPY and by extension the S&P 500 and VOO also appear to be priced below the P/E that prevailed in the period several years after the Dot.com bust.So based solely on this, admittedly crude, valuation approximation, it would look like this would be a great time to buy into an ETF like SPY, VOO, or perhaps the iShares Core S&P 500 ETF (IVV) that tracks the S&P 500. The valuation is far better than it has been since most of the period since 2013.SPY Price and Earnings 2002 until Now(fastgraphs.com)But Are These Forward Earnings Estimates Too Rosy?The P/E ratio changes dramatically if the price remains the same while earnings fall. The earnings estimate for Year End 2022 reported by Fastgraphs now, based on Factset data, have actually risen from where they were in January when I wrote the earlier article. Back in January, analysts were predicting that S&P 500 earnings would grow by 12% in 2022. Now they appear to be assuming earnings growth of 13.46%.Current Analyst Forecasts for SPY Earnings from Fastgraphsfastgraphs.comI found it very hard to believe that these estimates were up-to-date. So I went to another useful source of information about the S&P 500, the YRI S&P 500 Earnings Forecast, published by Yardeni Research, which displays Yardeni's estimates along with the \"Analysts' Consensus.\"Yardeni's Data Is Up-To-DateThe report available online as I write this was just published on October 3, 2022, which is as fresh as you are going to get. I therefore give it more credence than forecast found in Fastgraphs. Here are Yardeni and Analysts' forecasts as reported in this most recent YRI S&P 500 Forecast report.Estimated 2022 S&P 500 EarningsYardeni's report tells us that the analyst consensus data used for that report comes from I/B/E/S data by Refinitiv.As you can see, the Analysts' Consensus reported by Yardeni is far less optimistic than the one displayed by Fastgraphs. It predicts earnings growth of only 7.30%. Yardeni's own S&P 500 growth forecast is only half of that, at 3.10%.Plugging in the Analysts' Consensus reported here into the spreadsheet I use to calculate target P/E ratios based on the S&P 500's price and earnings at any given time we come up with this up-to-date P/E ratio as of the time I am writing in the morning of October 4, 2022. I have also used the formulas given above to estimate the corresponding price of SPY and VOO.Current P/E Ratio Based on Yardeni-Reported Analysts' ConsensusThe 16.88 P/E ratio calculated here is slightly higher than the one we saw using Factset data reported by Fastgraphs. It is still lower than the historical average P/E that prevailed during a period following overvaluation following the dot.com bust.But recall that Yardeni's own estimate of S&P 500 earnings growth is about half that of the analysts' he cites. If we use the Yardeni estimate and the S&P 500 level right now, we get this result.Current P/E Ratio Based on Yardeni Research EstimateMore Modest Earnings Estimates Push Up the P/E SignificantlyAs you can see, the more pessimistic earnings estimate gives us a P/E ratio that is priced for a stagnant period without a crash, but not a period following overvaluation.This points out how fragile any P/E ratio you see reported really is if it incorporates forward looking estimates. Analysts' estimates change and the consensus estimates from one data provider can be very different from that of another.Take with a grain of salt, therefore, any P/E ratio you see reported for any ETF, as the only accurate P/E figures are those for past years when actual earnings can be used to compute the P/E ratio. ETF providers don't reveal the extent to which the current P/E ratios they report embody forward estimates or if they do, whose estimates they are using.Takeaways for Valuation-Guided InvestorsKeep a close eye on third quarter earnings reports and corporate forward guidance because if earnings are declining more than expected, the P/E ratio of the S&P 500 could surge.Ignore any reporting that focuses on whether or not earnings beat \"beat analysts' consensus.\" What is important is whether earnings are rising Year over Year for the quarter, and how analysts' full year estimates change after a significant number of S&P 500 companies have reported those quarterly earnings.Fastgraphs subscribers should be even more cautious. Though I have found Fastgraphs very helpful in the past when beginning my research into individual stocks, I have often been misled by those rosy P/E ratios forecast for the next year. Treat any P/E ratio you see as having a wide range around the number reported.How Useful are Any Valuations Derived from The Past 20 Years?Back testing and historical results drawn from a period of low inflation, stable prices, and historically well-below-average borrowing costs is going to be very misleading now that none of those characteristics describes the current market environment. That might mean that the P/E ratios that prevailed throughout the past 20 years might be less helpful than I originally thought back before the Ukraine war pushed inflation up to levels not seen in many decades.We know for a fact that the P/E ratios that prevailed during the 1970s were far lower than any of the targets derived from the past 20 years.Year End P/E ratios of the S&P 500 from 1970 to 1981Source: www.multpl.comInflation really took off at the beginning of 1974 with the Oil Crisis tripling the price of a gallon of gasoline. A look at the P/E ratios that prevailed during this inflationary period is sobering. At current earnings, the price of the S&P 500 that would yield a P/E of 8.0 would be somewhere around 1800.No one knows if the current inflationary period will persist. But knowing what the possibilities are, I recommend that if you want to build a position in any S&P 500 ETF the wisest choice is to dollar cost average. Make small buys every month. Don't try to call a bottom or let FOMO get you investing money that the price of the S&P 500 was to drop precipitously would leave you without money you would need to spend.Compared to the situation we had over the period surrounding COVID-19, the valuation of the S&P 500 looks a lot more reasonable. But it will only stay reasonable if earnings for the year come in at a level corresponding to one of these current estimates and if companies can continue growing their earnings at a modest annual rate.If earnings crash and the S&P 500's earnings for 2022 decrease from what they were in 2021, especially if companies issue downbeat forward guidance, the P/E ratio of the S&P 500 will shoot up. That will put it back into overvalued territory, using the historical average P/E ratio levels drawn from the past twenty years, even though its price has declined dramatically.","news_type":1,"symbols_score_info":{".SPX":0.9,"VOO":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1919,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912577057,"gmtCreate":1664865958880,"gmtModify":1676537521187,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"Bought ytd","listText":"Bought ytd","text":"Bought ytd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9912577057","repostId":"2272070795","repostType":4,"repost":{"id":"2272070795","kind":"highlight","pubTimestamp":1664856384,"share":"https://ttm.financial/m/news/2272070795?lang=&edition=fundamental","pubTime":"2022-10-04 12:06","market":"us","language":"en","title":"Tesla Just Missed Delivery Estimates, Here's Why It's Time To Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=2272070795","media":"Motley Fool","summary":"Tesla stock fell after its latest delivery news, but sellers aren't looking at the whole picture.","content":"<div>\n<p>Tesla is the largest and most widely followed electric vehicle (EV) company, so it should not be a surprise that its stock moved on its latest quarterly vehicle delivery report. What is surprising is...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/03/tesla-just-missed-delivery-estimates-heres-why-its/\">Web Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Just Missed Delivery Estimates, Here's Why It's Time To Buy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Just Missed Delivery Estimates, Here's Why It's Time To Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-04 12:06 GMT+8 <a href=https://www.fool.com/investing/2022/10/03/tesla-just-missed-delivery-estimates-heres-why-its/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla is the largest and most widely followed electric vehicle (EV) company, so it should not be a surprise that its stock moved on its latest quarterly vehicle delivery report. What is surprising is...</p>\n\n<a href=\"https://www.fool.com/investing/2022/10/03/tesla-just-missed-delivery-estimates-heres-why-its/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2022/10/03/tesla-just-missed-delivery-estimates-heres-why-its/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2272070795","content_text":"Tesla is the largest and most widely followed electric vehicle (EV) company, so it should not be a surprise that its stock moved on its latest quarterly vehicle delivery report. What is surprising is which direction it went.Shares dropped after the EV trailblazer reported third-quarter production and delivery results. Rather than bailing due to the lower-than-expected deliveries, investors should focus more on what the reaction means for the stock and what the underlying business is doing. That might change some sellers' minds.Look at production growthTesla reported a quarterly record with almost 344,000 vehicles delivered. Investors expected more and the report triggered a sell-off in the stock. That reaction was despite the fact that those deliveries were 42% higher than the prior year period, and a 35% jump over the prior quarter. But none of those numbers are really what's important for long-term investors.What really mattered in that report was the nearly 366,000 vehicles Tesla actually produced in the third quarter. That alone represents a pace of 1.45 million vehicles produced annually. And that comes despite several headwinds the company is facing right now. Many EV makers are having trouble getting parts, but Tesla is navigating supply chain disruptions well.The company has had to deal with lockdowns disrupting production at its Shanghai facility, and it is still working through the challenges associated with ramping up its two newest facilities in Austin, Texas and near Berlin, Germany.Investors shouldn't be worried about the discrepancy between produced vehicles and deliveries in the third quarter, however. All of its production has buyers, but the company said it is working to find enough \"vehicle transportation capacity and at a reasonable cost.\" Those logistics issues for shipping finished products are magnified thanks to the sharp increase in production growth. That's a good problem to have and should really encourage investors rather than scare them.Beyond just carsTesla isn't just about electric cars, either. The company will share its full third-quarter results on Oct. 19, 2022, and there will likely be other news items of interest from that. CEO Elon Musk has previously said he expects the Tesla Semi battery-electric truck to begin shipping this year and the Cybertruck next year. Those could both become further growth drivers for the company.Tesla also should benefit from the Inflation Reduction Act (IRA) in several ways. The new law resumes tax credits for EV buyers for some manufacturers -- including Tesla -- that had surpassed prior production limits. Those credits previously ended after a manufacturer sold more than 200,000 vehicles. The IRA now has limits on vehicle list prices and requirements for more of the supply chain to be based in the U.S. Tesla's lower-priced vehicles will be eligible under the price limit, and it already does some of its battery production domestically. The company is also now investigating whether to build a lithium refining facility in the U.S.Its battery production gigafactories support internal production, but Tesla has also been increasing production of battery storage and solar systems that it sells to outside customers. In its second-quarter report, the company said it continues to ramp up Megapack storage production as customer interest \"remains strong and well above our production rate.\"Why would some sell the stock?However, some investors have a logical reason to sell the stock. Analysts expect earnings in the back half of 2022 to be 50% higher than the first half. If that comes to fruition, Tesla stock is already trading at a price-to-earnings (P/E) ratio of about 56 based on 2022 earnings.That's a high valuation in any market, and the recent market sell-off has many investors looking more for safety than risky assets. But Tesla believes it still has several more years where it will boost EV production at a 50% annual rate. That would bring the valuation down relatively quickly and could give long-term investors winning returns. Add in the other sides to its business, and it might be wise to take advantage of the recent drop in Tesla stock.","news_type":1,"symbols_score_info":{"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":1958,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9048260339,"gmtCreate":1656212479121,"gmtModify":1676535786175,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"Hello","listText":"Hello","text":"Hello","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9048260339","isVote":1,"tweetType":1,"viewCount":1226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9048933365,"gmtCreate":1656124527057,"gmtModify":1676535772550,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"Tesla prediction?","listText":"Tesla prediction?","text":"Tesla prediction?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9048933365","isVote":1,"tweetType":1,"viewCount":1142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9041268878,"gmtCreate":1656058183394,"gmtModify":1676535760559,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"Lost over 80%...","listText":"Lost over 80%...","text":"Lost over 80%...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041268878","isVote":1,"tweetType":1,"viewCount":1453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9081079357,"gmtCreate":1650173469943,"gmtModify":1676534663501,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"How long does it take for deposit funds to show in tiger trade?","listText":"How long does it take for deposit funds to show in tiger trade?","text":"How long does it take for deposit funds to show in tiger trade?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081079357","isVote":1,"tweetType":1,"viewCount":1890,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9083604456,"gmtCreate":1650101315000,"gmtModify":1676534647949,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"Does stock market usually goes up after Easter?","listText":"Does stock market usually goes up after Easter?","text":"Does stock market usually goes up after Easter?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9083604456","isVote":1,"tweetType":1,"viewCount":1367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9080755308,"gmtCreate":1649923175002,"gmtModify":1676534607863,"author":{"id":"4112876391054582","authorId":"4112876391054582","name":"CelinePang","avatar":"https://community-static.tradeup.com/news/822809dc6ba43e810154a99cd842bf60","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4112876391054582","idStr":"4112876391054582"},"themes":[],"htmlText":"What does everyone think of the stock market bubble? Will it burst soon or it's not a bubble? ","listText":"What does everyone think of the stock market bubble? Will it burst soon or it's not a bubble? ","text":"What does everyone think of the stock market bubble? Will it burst soon or it's not a bubble?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9080755308","isVote":1,"tweetType":1,"viewCount":2485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}