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2021-11-27

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2021-11-24

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Federal Reserve Can’t Keep Markets Afloat Without Interruption, Billionaire Howard Marks Says

2021-11-13

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2021-11-07

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Buffett's Berkshire Hathaway boosts operating profit, lower stock gains hurt net results

2021-09-05

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2021-07-20

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2021-06-23

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2021-06-18

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&amp; comment pls 😀","listText":"Like &amp; comment pls 😀","text":"Like & comment pls 😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/877751320","repostId":"2186344334","repostType":4,"isVote":1,"tweetType":1,"viewCount":1812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874191341,"gmtCreate":1637739263344,"gmtModify":1637739263484,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Pls like and comment 😊","listText":"Pls like and comment 😊","text":"Pls like and comment 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874191341","repostId":"1169938465","repostType":4,"repost":{"id":"1169938465","kind":"news","pubTimestamp":1637738191,"share":"https://ttm.financial/m/news/1169938465?lang=&edition=full","pubTime":"2021-11-24 15:16","market":"us","language":"en","title":"Federal Reserve Can’t Keep Markets Afloat Without Interruption, Billionaire Howard Marks Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1169938465","media":"Forbes","summary":"TOPLINE\nThe idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock","content":"<p><b>TOPLINE</b></p>\n<p>The idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock market rally without interruption is “too good to be true,” especially amid “well-founded” fears about rising inflation, billionaire investor Howard Marks said in a new investor letter on Tuesday.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35f19ab8546d77cc759b98ffaf14eb8a\" tg-width=\"960\" tg-height=\"540\" referrerpolicy=\"no-referrer\"><span>The famed investor discussed inflation and central bank policy in his latest note to investors.</span></p>\n<p><b>KEY FACTS</b></p>\n<p>The cofounder of Oaktree Capital Management says “it’s still Groundhog Day” for investors—with market conditions little changed from several months ago as stocks remain near record highs despite rising inflation worries.</p>\n<p>The U.S. economic recovery that began in late 2020 “remains underway” and stocks have continued their meteoric rise since March 2020, but “there is still no consensus” on whether higher inflation will prove transitory or long-lasting, Marks said.</p>\n<p>Worries about rising inflation are “well founded thus far,” though it also remains unclear whether the current surge is caused by the Federal Reserve’s monetary policy or ongoing supply chain and labor market bottlenecks.</p>\n<p>While the central bank’s job has historically been to control inflation and oversee economic growth, the Fed has in recent years “taken on the additional task” of boosting markets higher by lowering interest rates and injecting massive amounts of liquidity into the economy, Marks described.</p>\n<p>The billionaire investor was also critical of progressive Democrats who opposed the nomination of Jerome Powell for a second term as Fed chairman for his lack of action in addressing climate change.</p>\n<p>“So now we have a Fed that’s supposed to control inflation, foster growth and employment, support markets and fight climate change—how many roles can one institution have and still maintain a coherent effort?” Marks asks.</p>\n<p><b>CRUCIAL QUOTE:</b></p>\n<p>“For me, the expectation that the Fed can keep the economy and markets rising without interruption is too good to be true,” wrote Marks. “And I continue to believe the economy will perform best in the long run if it’s a free market economy, which does the best job of moving resources to their optimal use.”</p>\n<p><b>BIG NUMBER:</b></p>\n<p><b>$2.2 billion.</b>That’s how much Marks, who cofounded Oaktree Capital Management in 1995, is worth today, according to&nbsp;<i>Forbes</i>’ estimates.</p>\n<p><b>TANGENT:</b></p>\n<p>The billionaire investor also addressed recent comments on deflation from growth and innovation investor Cathie Wood, founder of $60 billion (assets) Ark Invest. Marks disputed her claims that technological gains would drive productivity gains and cause deflation in the economy. While technology will prove deflationary and contribute to a jump in GDP growth, that will also add to unemployment, Marks predicts. He concludes that the possibility of deflation “certainly seems unlikely to arise.”</p>\n<p><b>WHAT TO WATCH FOR:</b></p>\n<p>“The Chinese economy will continue to grow faster than the rest of the world and may well become the largest economy,” Marks predicted. He observes that China has to navigate an “unusually large number of transitions” as it continues to modernize its economy, though he’s bullish on the country’s long-term growth prospects.</p>","source":"fors","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>Federal Reserve Can’t Keep Markets Afloat Without Interruption, Billionaire Howard Marks Says</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\">\nFederal Reserve Can’t Keep Markets Afloat Without Interruption, Billionaire Howard Marks Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 15:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/sergeiklebnikov/2021/11/23/billionaire-investor-howard-marks-predicts-federal-reserve-wont-be-able-to-keep-supporting-markets/?sh=4e4ae5244e90><strong>Forbes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOPLINE\nThe idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock market rally without interruption is “too good to be true,” especially amid “well-founded” fears ...</p>\n\n<a href=\"https://www.forbes.com/sites/sergeiklebnikov/2021/11/23/billionaire-investor-howard-marks-predicts-federal-reserve-wont-be-able-to-keep-supporting-markets/?sh=4e4ae5244e90\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.forbes.com/sites/sergeiklebnikov/2021/11/23/billionaire-investor-howard-marks-predicts-federal-reserve-wont-be-able-to-keep-supporting-markets/?sh=4e4ae5244e90","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169938465","content_text":"TOPLINE\nThe idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock market rally without interruption is “too good to be true,” especially amid “well-founded” fears about rising inflation, billionaire investor Howard Marks said in a new investor letter on Tuesday.\nThe famed investor discussed inflation and central bank policy in his latest note to investors.\nKEY FACTS\nThe cofounder of Oaktree Capital Management says “it’s still Groundhog Day” for investors—with market conditions little changed from several months ago as stocks remain near record highs despite rising inflation worries.\nThe U.S. economic recovery that began in late 2020 “remains underway” and stocks have continued their meteoric rise since March 2020, but “there is still no consensus” on whether higher inflation will prove transitory or long-lasting, Marks said.\nWorries about rising inflation are “well founded thus far,” though it also remains unclear whether the current surge is caused by the Federal Reserve’s monetary policy or ongoing supply chain and labor market bottlenecks.\nWhile the central bank’s job has historically been to control inflation and oversee economic growth, the Fed has in recent years “taken on the additional task” of boosting markets higher by lowering interest rates and injecting massive amounts of liquidity into the economy, Marks described.\nThe billionaire investor was also critical of progressive Democrats who opposed the nomination of Jerome Powell for a second term as Fed chairman for his lack of action in addressing climate change.\n“So now we have a Fed that’s supposed to control inflation, foster growth and employment, support markets and fight climate change—how many roles can one institution have and still maintain a coherent effort?” Marks asks.\nCRUCIAL QUOTE:\n“For me, the expectation that the Fed can keep the economy and markets rising without interruption is too good to be true,” wrote Marks. “And I continue to believe the economy will perform best in the long run if it’s a free market economy, which does the best job of moving resources to their optimal use.”\nBIG NUMBER:\n$2.2 billion.That’s how much Marks, who cofounded Oaktree Capital Management in 1995, is worth today, according to Forbes’ estimates.\nTANGENT:\nThe billionaire investor also addressed recent comments on deflation from growth and innovation investor Cathie Wood, founder of $60 billion (assets) Ark Invest. Marks disputed her claims that technological gains would drive productivity gains and cause deflation in the economy. While technology will prove deflationary and contribute to a jump in GDP growth, that will also add to unemployment, Marks predicts. He concludes that the possibility of deflation “certainly seems unlikely to arise.”\nWHAT TO WATCH FOR:\n“The Chinese economy will continue to grow faster than the rest of the world and may well become the largest economy,” Marks predicted. He observes that China has to navigate an “unusually large number of transitions” as it continues to modernize its economy, though he’s bullish on the country’s long-term growth prospects.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873035017,"gmtCreate":1636791724198,"gmtModify":1636791724364,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Pls like and comment 😁😁😁","listText":"Pls like and comment 😁😁😁","text":"Pls like and comment 😁😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873035017","repostId":"1151602326","repostType":4,"isVote":1,"tweetType":1,"viewCount":1566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":845076914,"gmtCreate":1636257878532,"gmtModify":1636258045900,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Pls help to LIKE 🙂","listText":"Pls help to LIKE 🙂","text":"Pls help to LIKE 🙂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/845076914","repostId":"2181374735","repostType":4,"repost":{"id":"2181374735","kind":"news","pubTimestamp":1636200960,"share":"https://ttm.financial/m/news/2181374735?lang=&edition=full","pubTime":"2021-11-06 20:16","market":"us","language":"en","title":"Buffett's Berkshire Hathaway boosts operating profit, lower stock gains hurt net results","url":"https://stock-news.laohu8.com/highlight/detail?id=2181374735","media":"StreetInsider","summary":"(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Saturday it has extended its rebound fro","content":"<p>(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Saturday it has extended its rebound from the early stages of the pandemic, with improved results in many businesses offsetting a greater loss from insurance underwriting.</p>\n<p>Berkshire also said it repurchased $7.6 billion of its own stock in the third quarter, reflecting its need to put some cash to work as stock prices regularly set new highs and purchases of whole companies appear too expensive.</p>\n<p>Quarterly operating profit rose 18% to $6.47 billion compared with $5.48 billion in the year-earlier period.</p>\n<p>Net income declined 66% to $10.3 billion, or $6,882 per Class A share, from $30.1 billion, reflecting lower unrealized gains on Berkshire's common stock holdings including Apple Inc and $Bank of America Corp(BAC-N)$.</p>","source":"highlight_streetinsider","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 Hathaway boosts operating profit, lower stock gains hurt net results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett's Berkshire Hathaway boosts operating profit, lower stock gains hurt net results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-06 20:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19172264><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Saturday it has extended its rebound from the early stages of the pandemic, with improved results in many businesses offsetting a greater ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19172264\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19172264","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2181374735","content_text":"(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Saturday it has extended its rebound from the early stages of the pandemic, with improved results in many businesses offsetting a greater loss from insurance underwriting.\nBerkshire also said it repurchased $7.6 billion of its own stock in the third quarter, reflecting its need to put some cash to work as stock prices regularly set new highs and purchases of whole companies appear too expensive.\nQuarterly operating profit rose 18% to $6.47 billion compared with $5.48 billion in the year-earlier period.\nNet income declined 66% to $10.3 billion, or $6,882 per Class A share, from $30.1 billion, reflecting lower unrealized gains on Berkshire's common stock holdings including Apple Inc and $Bank of America Corp(BAC-N)$.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":2752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":814215879,"gmtCreate":1630822990391,"gmtModify":1632905678246,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/814215879","repostId":"1128877475","repostType":4,"isVote":1,"tweetType":1,"viewCount":1757,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171738265,"gmtCreate":1626763093157,"gmtModify":1633771253019,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/171738265","repostId":"2152402666","repostType":4,"repost":{"id":"2152402666","kind":"news","pubTimestamp":1626760200,"share":"https://ttm.financial/m/news/2152402666?lang=&edition=full","pubTime":"2021-07-20 13:50","market":"us","language":"en","title":"Jeff Bezos, world's richest man, set for inaugural space voyage","url":"https://stock-news.laohu8.com/highlight/detail?id=2152402666","media":"StreetInsider","summary":"VAN HORN, Texas (Reuters) - Jeff Bezos, the world's richest person, on Tuesday is set to blast off a","content":"<p>VAN HORN, Texas (Reuters) - Jeff Bezos, the world's richest person, on Tuesday is set to blast off aboard his company Blue Origin's New Shepard&nbsp;launch vehicle for a suborbital flight as part of a history-making crew - another milestone in ushering in a new era of private space travel.</p>\n<p>The American billionaire is due to fly from a desert site in West Texas on an 11-minute voyage to the edge of space nine days after British rival Richard Branson was aboard his competing space tourism company Virgin Galactic's successful inaugural suborbital flight&nbsp;from New Mexico.</p>\n<p>Branson got to space first, but Bezos is due to fly higher - 62 miles (100 km) for Blue Origin compared to 53 miles (86 km) for Virgin Galactic - in what experts call the world's&nbsp;first-human-flight-updates unpiloted space flight with an all-civilian crew.</p>\n<p>Bezos, founder of ecommerce juggernaut Amazon.com Inc, and his brother and private equity executive Mark Bezos will be joined in the flight by two others. Pioneering female aviator Wally Funk, 82, and recent high school graduate Oliver Daemen, 18, are set to become the oldest and youngest people to reach space.</p>\n<p>\"I am excited, but not anxious. We'll see how I feel when I'm strapped into my seat,\" Bezos said in an interview with Fox Business Network on Monday. \"... We're ready. The vehicle's ready. This team is amazing. I feel very good about it. And I think my fellow crewmates feel good about it, too.\"</p>\n<p>Funk was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the so-called Mercury 13 group of women who trained to become NASA astronauts in the early 1960s but was passed over because of her gender. Daemen, Blue Origin's first paying customer, is set to attend the University of Utrecht in the Netherlands to study physics and innovation management in September. His father heads investment management firm Somerset Capital Partners.</p>\n<p>Barring technical or weather-related delays, New Shepard is due to blast off around 8 a.m. CDT (1300 GMT) from Blue Origin's Launch Site One facility some 20 miles (32 km) outside the rural Texas town of Van Horn.</p>\n<p>MINUTES OF WEIGHTLESSNESS</p>\n<p>New Shepard is a 60-foot-tall (18.3-meters-tall) and fully autonomous rocket-and-capsule combo that cannot be piloted from inside the spacecraft. It is completely computer-flown and will have none of Blue Origin's staff astronauts &nbsp;or trained personnel onboard.</p>\n<p>In contrast, Virgin Galactic used a space plane with a pair of pilots onboard.</p>\n<p>New Shepard is set to hurtle at speeds upwards of 2,200 miles (3,540 km) per hour to an altitude of about 62 miles (100 km), the so-called Kármán line set by an international aeronautics body as defining the boundary between Earth's atmosphere and space.</p>\n<p>During the flight, the crew will unbuckle for a few minutes of weightlessness and gaze back at the Earth's curvature through what Blue Origin calls the largest windows ever used in space travel. Then, the capsule falls back to Earth under parachutes, using a last-minute retro-thrust system that expels a \"pillow of air\" for a soft landing at 1 mph (1.6 km/h) in the Texas desert.</p>\n<p>The reusable booster is due to return to the launch pad using drag brakes and ring and wedge fins for stabilization.</p>\n<p>Tuesday's launch marks another landmark in the \"billionaire's race\" to establish a space tourism sector that Swiss investment bank UBS estimates will reach $3 billion annually in a decade. Another billionaire tech mogul, Elon Musk, plans to send an all-civilian crew on an even more ambitious flight in September: a several-day orbital mission on his Crew Dragon capsule.</p>\n<p>Blue Origin has not offered details on its longer-term pricing strategy or how quickly it will ramp up the frequency of its launches. Chief Executive Bob Smith has said the next flight is likely in September or October. Smith said the \"willingness to pay continues to be quite high\" for people interested in future flights.</p>\n<p>The company appears to have a reservoir of future customers. More than 6,000 people from at least 143 countries entered an auction to become the first paying customer, though the auction winner who made a $28 million bid ultimately dropped out of Tuesday's flight.</p>\n<p>Bezos, who founded Blue Origin in 2000, has a net worth of $206 billion according to the Bloomberg Billionaires Index. He stepped down this month as Amazon CEO but remains its executive chairman.</p>","source":"highlight_streetinsider","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>Jeff Bezos, world's richest man, set for inaugural space voyage</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\">\nJeff Bezos, world's richest man, set for inaugural space voyage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 13:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18694317><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VAN HORN, Texas (Reuters) - Jeff Bezos, the world's richest person, on Tuesday is set to blast off aboard his company Blue Origin's New Shepard launch vehicle for a suborbital flight as part of a ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18694317\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","AMZN":"亚马逊","09086":"华夏纳指-U"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18694317","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152402666","content_text":"VAN HORN, Texas (Reuters) - Jeff Bezos, the world's richest person, on Tuesday is set to blast off aboard his company Blue Origin's New Shepard launch vehicle for a suborbital flight as part of a history-making crew - another milestone in ushering in a new era of private space travel.\nThe American billionaire is due to fly from a desert site in West Texas on an 11-minute voyage to the edge of space nine days after British rival Richard Branson was aboard his competing space tourism company Virgin Galactic's successful inaugural suborbital flight from New Mexico.\nBranson got to space first, but Bezos is due to fly higher - 62 miles (100 km) for Blue Origin compared to 53 miles (86 km) for Virgin Galactic - in what experts call the world's first-human-flight-updates unpiloted space flight with an all-civilian crew.\nBezos, founder of ecommerce juggernaut Amazon.com Inc, and his brother and private equity executive Mark Bezos will be joined in the flight by two others. Pioneering female aviator Wally Funk, 82, and recent high school graduate Oliver Daemen, 18, are set to become the oldest and youngest people to reach space.\n\"I am excited, but not anxious. We'll see how I feel when I'm strapped into my seat,\" Bezos said in an interview with Fox Business Network on Monday. \"... We're ready. The vehicle's ready. This team is amazing. I feel very good about it. And I think my fellow crewmates feel good about it, too.\"\nFunk was one of the so-called Mercury 13 group of women who trained to become NASA astronauts in the early 1960s but was passed over because of her gender. Daemen, Blue Origin's first paying customer, is set to attend the University of Utrecht in the Netherlands to study physics and innovation management in September. His father heads investment management firm Somerset Capital Partners.\nBarring technical or weather-related delays, New Shepard is due to blast off around 8 a.m. CDT (1300 GMT) from Blue Origin's Launch Site One facility some 20 miles (32 km) outside the rural Texas town of Van Horn.\nMINUTES OF WEIGHTLESSNESS\nNew Shepard is a 60-foot-tall (18.3-meters-tall) and fully autonomous rocket-and-capsule combo that cannot be piloted from inside the spacecraft. It is completely computer-flown and will have none of Blue Origin's staff astronauts  or trained personnel onboard.\nIn contrast, Virgin Galactic used a space plane with a pair of pilots onboard.\nNew Shepard is set to hurtle at speeds upwards of 2,200 miles (3,540 km) per hour to an altitude of about 62 miles (100 km), the so-called Kármán line set by an international aeronautics body as defining the boundary between Earth's atmosphere and space.\nDuring the flight, the crew will unbuckle for a few minutes of weightlessness and gaze back at the Earth's curvature through what Blue Origin calls the largest windows ever used in space travel. Then, the capsule falls back to Earth under parachutes, using a last-minute retro-thrust system that expels a \"pillow of air\" for a soft landing at 1 mph (1.6 km/h) in the Texas desert.\nThe reusable booster is due to return to the launch pad using drag brakes and ring and wedge fins for stabilization.\nTuesday's launch marks another landmark in the \"billionaire's race\" to establish a space tourism sector that Swiss investment bank UBS estimates will reach $3 billion annually in a decade. Another billionaire tech mogul, Elon Musk, plans to send an all-civilian crew on an even more ambitious flight in September: a several-day orbital mission on his Crew Dragon capsule.\nBlue Origin has not offered details on its longer-term pricing strategy or how quickly it will ramp up the frequency of its launches. Chief Executive Bob Smith has said the next flight is likely in September or October. Smith said the \"willingness to pay continues to be quite high\" for people interested in future flights.\nThe company appears to have a reservoir of future customers. More than 6,000 people from at least 143 countries entered an auction to become the first paying customer, though the auction winner who made a $28 million bid ultimately dropped out of Tuesday's flight.\nBezos, who founded Blue Origin in 2000, has a net worth of $206 billion according to the Bloomberg Billionaires Index. He stepped down this month as Amazon CEO but remains its executive chairman.","news_type":1,"symbols_score_info":{"03086":0.9,"09086":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123240246,"gmtCreate":1624426531685,"gmtModify":1634006264914,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Like and comment exchange&nbsp;","listText":"Like and comment exchange&nbsp;","text":"Like and comment exchange","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/123240246","repostId":"2145608540","repostType":4,"repost":{"id":"2145608540","kind":"news","pubTimestamp":1624426277,"share":"https://ttm.financial/m/news/2145608540?lang=&edition=full","pubTime":"2021-06-23 13:31","market":"sg","language":"en","title":"Google likely to soon face antitrust claims over Play store from US states - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2145608540","media":"CNA","summary":"A group of state attorneys general may file a lawsuit against Alphabet Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter.","content":"<p>WASHINGTON: A group of state attorneys general may file a lawsuit against Alphabet Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter.</p>\n<p>The anticipated lawsuit follows complaints from app developers about Google's management of its Play Store for Android devices, according to <a href=\"https://laohu8.com/S/AONE\">one</a> source. The lawsuit has been in the works since last year and has already been delayed, but seems close again, the sources said.</p>\n<p>The investigation by the state attorneys general is being led by Utah, Tennessee, North Carolina and New York. It is unclear how many states will participate.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> sources said the case is likely to be filed in federal court in Northern California, where related cases are being heard. These include a lawsuit that video game maker Epic Games Inc filed against Google last year, accusing it of having anticompetitive app store rules. It is expected to go to trial in 2022.</p>\n<p>There also are two proposed class-action lawsuits over the Play store before the same judge. If the states want to participate in depositions and other pre-trial activities, they would have to file fairly soon, <a href=\"https://laohu8.com/S/AONE.U\">one</a> source said.</p>\n<p>Apple Inc and Epic are awaiting the verdict in a similar California lawsuit after a trial that ended last month.</p>\n<p>A Google spokesperson defended their app store as open.</p>\n<p>\"Android is the only major operating system that allows people to download apps from multiple app stores. In fact, most Android devices ship with two or more app stores preinstalled. They can also install additional app stores or apps directly from their browser if they choose,\" the spokesperson said.</p>\n<p>Google was originally seen as more open in how it ran its app store than Apple but has tightened rules recently and increased enforcement of those rules.</p>\n<p>The lawsuit is expected to focus on Google's requirement that some apps use the company's payment tools to sell subscriptions and content and pay Google as much as 30per cent of sales, according to two sources.</p>\n<p>App makers like music streaming service Spotify Technology SA and dating services giant Match Group, which owns the Tinder app, have long accused both Google, as well as Apple, of being anti-competitive in demanding mandatory revenue sharing.</p>\n<p>This latest lawsuit is being planned at a time of unusually vigorous debate over whether federal antitrust enforcement is too lax. Many people, including Senator Amy Klobuchar who chairs the Senate Judiciary Committee's antitrust panel, have pressed for tougher enforcement.</p>\n<p>Google already faces a federal lawsuit brought by the Justice Department last year and related antitrust cases brought by two separate groups of attorneys general. One is led by Texas and focused on advertising while the other targets Google's alleged efforts to extend its dominance in search to newer markets, like voice assistants.</p>","source":"can_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google likely to soon face antitrust claims over Play store from US states - sources</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\">\nGoogle likely to soon face antitrust claims over Play store from US states - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 13:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/news/business/google-likely-to-soon-face-antitrust-claims-over-play-store-from-us-states---sources-15071222><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON: A group of state attorneys general may file a lawsuit against Alphabet Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running ...</p>\n\n<a href=\"https://www.channelnewsasia.com/news/business/google-likely-to-soon-face-antitrust-claims-over-play-store-from-us-states---sources-15071222\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","09086":"华夏纳指-U","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.channelnewsasia.com/news/business/google-likely-to-soon-face-antitrust-claims-over-play-store-from-us-states---sources-15071222","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145608540","content_text":"WASHINGTON: A group of state attorneys general may file a lawsuit against Alphabet Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter.\nThe anticipated lawsuit follows complaints from app developers about Google's management of its Play Store for Android devices, according to one source. The lawsuit has been in the works since last year and has already been delayed, but seems close again, the sources said.\nThe investigation by the state attorneys general is being led by Utah, Tennessee, North Carolina and New York. It is unclear how many states will participate.\nTwo sources said the case is likely to be filed in federal court in Northern California, where related cases are being heard. These include a lawsuit that video game maker Epic Games Inc filed against Google last year, accusing it of having anticompetitive app store rules. It is expected to go to trial in 2022.\nThere also are two proposed class-action lawsuits over the Play store before the same judge. If the states want to participate in depositions and other pre-trial activities, they would have to file fairly soon, one source said.\nApple Inc and Epic are awaiting the verdict in a similar California lawsuit after a trial that ended last month.\nA Google spokesperson defended their app store as open.\n\"Android is the only major operating system that allows people to download apps from multiple app stores. In fact, most Android devices ship with two or more app stores preinstalled. They can also install additional app stores or apps directly from their browser if they choose,\" the spokesperson said.\nGoogle was originally seen as more open in how it ran its app store than Apple but has tightened rules recently and increased enforcement of those rules.\nThe lawsuit is expected to focus on Google's requirement that some apps use the company's payment tools to sell subscriptions and content and pay Google as much as 30per cent of sales, according to two sources.\nApp makers like music streaming service Spotify Technology SA and dating services giant Match Group, which owns the Tinder app, have long accused both Google, as well as Apple, of being anti-competitive in demanding mandatory revenue sharing.\nThis latest lawsuit is being planned at a time of unusually vigorous debate over whether federal antitrust enforcement is too lax. Many people, including Senator Amy Klobuchar who chairs the Senate Judiciary Committee's antitrust panel, have pressed for tougher enforcement.\nGoogle already faces a federal lawsuit brought by the Justice Department last year and related antitrust cases brought by two separate groups of attorneys general. One is led by Texas and focused on advertising while the other targets Google's alleged efforts to extend its dominance in search to newer markets, like voice assistants.","news_type":1,"symbols_score_info":{"03086":0.9,"09086":0.9,"GOOG":0.9,"GOOGL":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":890,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166196651,"gmtCreate":1623995122573,"gmtModify":1634024390994,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Pls like and comment tks!","listText":"Pls like and comment tks!","text":"Pls like and comment tks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/166196651","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://ttm.financial/m/news/1175693382?lang=&edition=full","pubTime":"2021-06-18 09:07","market":"hk","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is probably the most undervalued growth stock right now.</li>\n <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>\n <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>\n <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p>\n<p><b>The Technical Thesis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p>\n<p>Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p>\n<p><b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p>\n<p>BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p>\n<p>Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p>\n<p>When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p>\n<p>Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p>\n<p>One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p>\n<p>Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p>\n<p>Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p>\n<p>We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p>\n<p>BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p>\n<p>Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p>\n<p><b>BABA's Valuations Look Highly Compelling</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p>\n<p>When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p>\n<p>By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p>\n<p><b>Risks to Assumptions</b></p>\n<p>Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p>\n<p><b>Wrapping It All Up</b></p>\n<p>Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Stock: The Bottoming Process Looks To Be Forming Already</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 Stock: The Bottoming Process Looks To Be Forming Already\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short...</p>\n\n<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":814215879,"gmtCreate":1630822990391,"gmtModify":1632905678246,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/814215879","repostId":"1128877475","repostType":4,"isVote":1,"tweetType":1,"viewCount":1757,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":845076914,"gmtCreate":1636257878532,"gmtModify":1636258045900,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Pls help to LIKE 🙂","listText":"Pls help to LIKE 🙂","text":"Pls help to LIKE 🙂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/845076914","repostId":"2181374735","repostType":4,"repost":{"id":"2181374735","kind":"news","pubTimestamp":1636200960,"share":"https://ttm.financial/m/news/2181374735?lang=&edition=full","pubTime":"2021-11-06 20:16","market":"us","language":"en","title":"Buffett's Berkshire Hathaway boosts operating profit, lower stock gains hurt net results","url":"https://stock-news.laohu8.com/highlight/detail?id=2181374735","media":"StreetInsider","summary":"(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Saturday it has extended its rebound fro","content":"<p>(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Saturday it has extended its rebound from the early stages of the pandemic, with improved results in many businesses offsetting a greater loss from insurance underwriting.</p>\n<p>Berkshire also said it repurchased $7.6 billion of its own stock in the third quarter, reflecting its need to put some cash to work as stock prices regularly set new highs and purchases of whole companies appear too expensive.</p>\n<p>Quarterly operating profit rose 18% to $6.47 billion compared with $5.48 billion in the year-earlier period.</p>\n<p>Net income declined 66% to $10.3 billion, or $6,882 per Class A share, from $30.1 billion, reflecting lower unrealized gains on Berkshire's common stock holdings including Apple Inc and $Bank of America Corp(BAC-N)$.</p>","source":"highlight_streetinsider","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 Hathaway boosts operating profit, lower stock gains hurt net results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett's Berkshire Hathaway boosts operating profit, lower stock gains hurt net results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-06 20:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=19172264><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Saturday it has extended its rebound from the early stages of the pandemic, with improved results in many businesses offsetting a greater ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=19172264\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","BRK.B":"伯克希尔B"},"source_url":"https://www.streetinsider.com/dr/news.php?id=19172264","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2181374735","content_text":"(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Saturday it has extended its rebound from the early stages of the pandemic, with improved results in many businesses offsetting a greater loss from insurance underwriting.\nBerkshire also said it repurchased $7.6 billion of its own stock in the third quarter, reflecting its need to put some cash to work as stock prices regularly set new highs and purchases of whole companies appear too expensive.\nQuarterly operating profit rose 18% to $6.47 billion compared with $5.48 billion in the year-earlier period.\nNet income declined 66% to $10.3 billion, or $6,882 per Class A share, from $30.1 billion, reflecting lower unrealized gains on Berkshire's common stock holdings including Apple Inc and $Bank of America Corp(BAC-N)$.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"BRK.B":0.9}},"isVote":1,"tweetType":1,"viewCount":2752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":877751320,"gmtCreate":1637988842687,"gmtModify":1637988842857,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Like &amp; comment pls 😀","listText":"Like &amp; comment pls 😀","text":"Like & comment pls 😀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/877751320","repostId":"2186344334","repostType":4,"isVote":1,"tweetType":1,"viewCount":1812,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":123240246,"gmtCreate":1624426531685,"gmtModify":1634006264914,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Like and comment exchange&nbsp;","listText":"Like and comment exchange&nbsp;","text":"Like and comment exchange","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/123240246","repostId":"2145608540","repostType":4,"repost":{"id":"2145608540","kind":"news","pubTimestamp":1624426277,"share":"https://ttm.financial/m/news/2145608540?lang=&edition=full","pubTime":"2021-06-23 13:31","market":"sg","language":"en","title":"Google likely to soon face antitrust claims over Play store from US states - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2145608540","media":"CNA","summary":"A group of state attorneys general may file a lawsuit against Alphabet Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter.","content":"<p>WASHINGTON: A group of state attorneys general may file a lawsuit against Alphabet Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter.</p>\n<p>The anticipated lawsuit follows complaints from app developers about Google's management of its Play Store for Android devices, according to <a href=\"https://laohu8.com/S/AONE\">one</a> source. The lawsuit has been in the works since last year and has already been delayed, but seems close again, the sources said.</p>\n<p>The investigation by the state attorneys general is being led by Utah, Tennessee, North Carolina and New York. It is unclear how many states will participate.</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> sources said the case is likely to be filed in federal court in Northern California, where related cases are being heard. These include a lawsuit that video game maker Epic Games Inc filed against Google last year, accusing it of having anticompetitive app store rules. It is expected to go to trial in 2022.</p>\n<p>There also are two proposed class-action lawsuits over the Play store before the same judge. If the states want to participate in depositions and other pre-trial activities, they would have to file fairly soon, <a href=\"https://laohu8.com/S/AONE.U\">one</a> source said.</p>\n<p>Apple Inc and Epic are awaiting the verdict in a similar California lawsuit after a trial that ended last month.</p>\n<p>A Google spokesperson defended their app store as open.</p>\n<p>\"Android is the only major operating system that allows people to download apps from multiple app stores. In fact, most Android devices ship with two or more app stores preinstalled. They can also install additional app stores or apps directly from their browser if they choose,\" the spokesperson said.</p>\n<p>Google was originally seen as more open in how it ran its app store than Apple but has tightened rules recently and increased enforcement of those rules.</p>\n<p>The lawsuit is expected to focus on Google's requirement that some apps use the company's payment tools to sell subscriptions and content and pay Google as much as 30per cent of sales, according to two sources.</p>\n<p>App makers like music streaming service Spotify Technology SA and dating services giant Match Group, which owns the Tinder app, have long accused both Google, as well as Apple, of being anti-competitive in demanding mandatory revenue sharing.</p>\n<p>This latest lawsuit is being planned at a time of unusually vigorous debate over whether federal antitrust enforcement is too lax. Many people, including Senator Amy Klobuchar who chairs the Senate Judiciary Committee's antitrust panel, have pressed for tougher enforcement.</p>\n<p>Google already faces a federal lawsuit brought by the Justice Department last year and related antitrust cases brought by two separate groups of attorneys general. One is led by Texas and focused on advertising while the other targets Google's alleged efforts to extend its dominance in search to newer markets, like voice assistants.</p>","source":"can_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Google likely to soon face antitrust claims over Play store from US states - sources</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\">\nGoogle likely to soon face antitrust claims over Play store from US states - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 13:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.channelnewsasia.com/news/business/google-likely-to-soon-face-antitrust-claims-over-play-store-from-us-states---sources-15071222><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON: A group of state attorneys general may file a lawsuit against Alphabet Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running ...</p>\n\n<a href=\"https://www.channelnewsasia.com/news/business/google-likely-to-soon-face-antitrust-claims-over-play-store-from-us-states---sources-15071222\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","GOOG":"谷歌","09086":"华夏纳指-U","03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数"},"source_url":"https://www.channelnewsasia.com/news/business/google-likely-to-soon-face-antitrust-claims-over-play-store-from-us-states---sources-15071222","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145608540","content_text":"WASHINGTON: A group of state attorneys general may file a lawsuit against Alphabet Inc's Google as early as next week, accusing the search and advertising giant of violating antitrust law in running its mobile app store, according to three sources familiar with the matter.\nThe anticipated lawsuit follows complaints from app developers about Google's management of its Play Store for Android devices, according to one source. The lawsuit has been in the works since last year and has already been delayed, but seems close again, the sources said.\nThe investigation by the state attorneys general is being led by Utah, Tennessee, North Carolina and New York. It is unclear how many states will participate.\nTwo sources said the case is likely to be filed in federal court in Northern California, where related cases are being heard. These include a lawsuit that video game maker Epic Games Inc filed against Google last year, accusing it of having anticompetitive app store rules. It is expected to go to trial in 2022.\nThere also are two proposed class-action lawsuits over the Play store before the same judge. If the states want to participate in depositions and other pre-trial activities, they would have to file fairly soon, one source said.\nApple Inc and Epic are awaiting the verdict in a similar California lawsuit after a trial that ended last month.\nA Google spokesperson defended their app store as open.\n\"Android is the only major operating system that allows people to download apps from multiple app stores. In fact, most Android devices ship with two or more app stores preinstalled. They can also install additional app stores or apps directly from their browser if they choose,\" the spokesperson said.\nGoogle was originally seen as more open in how it ran its app store than Apple but has tightened rules recently and increased enforcement of those rules.\nThe lawsuit is expected to focus on Google's requirement that some apps use the company's payment tools to sell subscriptions and content and pay Google as much as 30per cent of sales, according to two sources.\nApp makers like music streaming service Spotify Technology SA and dating services giant Match Group, which owns the Tinder app, have long accused both Google, as well as Apple, of being anti-competitive in demanding mandatory revenue sharing.\nThis latest lawsuit is being planned at a time of unusually vigorous debate over whether federal antitrust enforcement is too lax. Many people, including Senator Amy Klobuchar who chairs the Senate Judiciary Committee's antitrust panel, have pressed for tougher enforcement.\nGoogle already faces a federal lawsuit brought by the Justice Department last year and related antitrust cases brought by two separate groups of attorneys general. One is led by Texas and focused on advertising while the other targets Google's alleged efforts to extend its dominance in search to newer markets, like voice assistants.","news_type":1,"symbols_score_info":{"03086":0.9,"09086":0.9,"GOOG":0.9,"GOOGL":0.9,"QNETCN":0.9}},"isVote":1,"tweetType":1,"viewCount":890,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171738265,"gmtCreate":1626763093157,"gmtModify":1633771253019,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/171738265","repostId":"2152402666","repostType":4,"repost":{"id":"2152402666","kind":"news","pubTimestamp":1626760200,"share":"https://ttm.financial/m/news/2152402666?lang=&edition=full","pubTime":"2021-07-20 13:50","market":"us","language":"en","title":"Jeff Bezos, world's richest man, set for inaugural space voyage","url":"https://stock-news.laohu8.com/highlight/detail?id=2152402666","media":"StreetInsider","summary":"VAN HORN, Texas (Reuters) - Jeff Bezos, the world's richest person, on Tuesday is set to blast off a","content":"<p>VAN HORN, Texas (Reuters) - Jeff Bezos, the world's richest person, on Tuesday is set to blast off aboard his company Blue Origin's New Shepard&nbsp;launch vehicle for a suborbital flight as part of a history-making crew - another milestone in ushering in a new era of private space travel.</p>\n<p>The American billionaire is due to fly from a desert site in West Texas on an 11-minute voyage to the edge of space nine days after British rival Richard Branson was aboard his competing space tourism company Virgin Galactic's successful inaugural suborbital flight&nbsp;from New Mexico.</p>\n<p>Branson got to space first, but Bezos is due to fly higher - 62 miles (100 km) for Blue Origin compared to 53 miles (86 km) for Virgin Galactic - in what experts call the world's&nbsp;first-human-flight-updates unpiloted space flight with an all-civilian crew.</p>\n<p>Bezos, founder of ecommerce juggernaut Amazon.com Inc, and his brother and private equity executive Mark Bezos will be joined in the flight by two others. Pioneering female aviator Wally Funk, 82, and recent high school graduate Oliver Daemen, 18, are set to become the oldest and youngest people to reach space.</p>\n<p>\"I am excited, but not anxious. We'll see how I feel when I'm strapped into my seat,\" Bezos said in an interview with Fox Business Network on Monday. \"... We're ready. The vehicle's ready. This team is amazing. I feel very good about it. And I think my fellow crewmates feel good about it, too.\"</p>\n<p>Funk was <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the so-called Mercury 13 group of women who trained to become NASA astronauts in the early 1960s but was passed over because of her gender. Daemen, Blue Origin's first paying customer, is set to attend the University of Utrecht in the Netherlands to study physics and innovation management in September. His father heads investment management firm Somerset Capital Partners.</p>\n<p>Barring technical or weather-related delays, New Shepard is due to blast off around 8 a.m. CDT (1300 GMT) from Blue Origin's Launch Site One facility some 20 miles (32 km) outside the rural Texas town of Van Horn.</p>\n<p>MINUTES OF WEIGHTLESSNESS</p>\n<p>New Shepard is a 60-foot-tall (18.3-meters-tall) and fully autonomous rocket-and-capsule combo that cannot be piloted from inside the spacecraft. It is completely computer-flown and will have none of Blue Origin's staff astronauts &nbsp;or trained personnel onboard.</p>\n<p>In contrast, Virgin Galactic used a space plane with a pair of pilots onboard.</p>\n<p>New Shepard is set to hurtle at speeds upwards of 2,200 miles (3,540 km) per hour to an altitude of about 62 miles (100 km), the so-called Kármán line set by an international aeronautics body as defining the boundary between Earth's atmosphere and space.</p>\n<p>During the flight, the crew will unbuckle for a few minutes of weightlessness and gaze back at the Earth's curvature through what Blue Origin calls the largest windows ever used in space travel. Then, the capsule falls back to Earth under parachutes, using a last-minute retro-thrust system that expels a \"pillow of air\" for a soft landing at 1 mph (1.6 km/h) in the Texas desert.</p>\n<p>The reusable booster is due to return to the launch pad using drag brakes and ring and wedge fins for stabilization.</p>\n<p>Tuesday's launch marks another landmark in the \"billionaire's race\" to establish a space tourism sector that Swiss investment bank UBS estimates will reach $3 billion annually in a decade. Another billionaire tech mogul, Elon Musk, plans to send an all-civilian crew on an even more ambitious flight in September: a several-day orbital mission on his Crew Dragon capsule.</p>\n<p>Blue Origin has not offered details on its longer-term pricing strategy or how quickly it will ramp up the frequency of its launches. Chief Executive Bob Smith has said the next flight is likely in September or October. Smith said the \"willingness to pay continues to be quite high\" for people interested in future flights.</p>\n<p>The company appears to have a reservoir of future customers. More than 6,000 people from at least 143 countries entered an auction to become the first paying customer, though the auction winner who made a $28 million bid ultimately dropped out of Tuesday's flight.</p>\n<p>Bezos, who founded Blue Origin in 2000, has a net worth of $206 billion according to the Bloomberg Billionaires Index. He stepped down this month as Amazon CEO but remains its executive chairman.</p>","source":"highlight_streetinsider","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>Jeff Bezos, world's richest man, set for inaugural space voyage</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\">\nJeff Bezos, world's richest man, set for inaugural space voyage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 13:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18694317><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>VAN HORN, Texas (Reuters) - Jeff Bezos, the world's richest person, on Tuesday is set to blast off aboard his company Blue Origin's New Shepard launch vehicle for a suborbital flight as part of a ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18694317\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","AMZN":"亚马逊","09086":"华夏纳指-U"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18694317","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2152402666","content_text":"VAN HORN, Texas (Reuters) - Jeff Bezos, the world's richest person, on Tuesday is set to blast off aboard his company Blue Origin's New Shepard launch vehicle for a suborbital flight as part of a history-making crew - another milestone in ushering in a new era of private space travel.\nThe American billionaire is due to fly from a desert site in West Texas on an 11-minute voyage to the edge of space nine days after British rival Richard Branson was aboard his competing space tourism company Virgin Galactic's successful inaugural suborbital flight from New Mexico.\nBranson got to space first, but Bezos is due to fly higher - 62 miles (100 km) for Blue Origin compared to 53 miles (86 km) for Virgin Galactic - in what experts call the world's first-human-flight-updates unpiloted space flight with an all-civilian crew.\nBezos, founder of ecommerce juggernaut Amazon.com Inc, and his brother and private equity executive Mark Bezos will be joined in the flight by two others. Pioneering female aviator Wally Funk, 82, and recent high school graduate Oliver Daemen, 18, are set to become the oldest and youngest people to reach space.\n\"I am excited, but not anxious. We'll see how I feel when I'm strapped into my seat,\" Bezos said in an interview with Fox Business Network on Monday. \"... We're ready. The vehicle's ready. This team is amazing. I feel very good about it. And I think my fellow crewmates feel good about it, too.\"\nFunk was one of the so-called Mercury 13 group of women who trained to become NASA astronauts in the early 1960s but was passed over because of her gender. Daemen, Blue Origin's first paying customer, is set to attend the University of Utrecht in the Netherlands to study physics and innovation management in September. His father heads investment management firm Somerset Capital Partners.\nBarring technical or weather-related delays, New Shepard is due to blast off around 8 a.m. CDT (1300 GMT) from Blue Origin's Launch Site One facility some 20 miles (32 km) outside the rural Texas town of Van Horn.\nMINUTES OF WEIGHTLESSNESS\nNew Shepard is a 60-foot-tall (18.3-meters-tall) and fully autonomous rocket-and-capsule combo that cannot be piloted from inside the spacecraft. It is completely computer-flown and will have none of Blue Origin's staff astronauts  or trained personnel onboard.\nIn contrast, Virgin Galactic used a space plane with a pair of pilots onboard.\nNew Shepard is set to hurtle at speeds upwards of 2,200 miles (3,540 km) per hour to an altitude of about 62 miles (100 km), the so-called Kármán line set by an international aeronautics body as defining the boundary between Earth's atmosphere and space.\nDuring the flight, the crew will unbuckle for a few minutes of weightlessness and gaze back at the Earth's curvature through what Blue Origin calls the largest windows ever used in space travel. Then, the capsule falls back to Earth under parachutes, using a last-minute retro-thrust system that expels a \"pillow of air\" for a soft landing at 1 mph (1.6 km/h) in the Texas desert.\nThe reusable booster is due to return to the launch pad using drag brakes and ring and wedge fins for stabilization.\nTuesday's launch marks another landmark in the \"billionaire's race\" to establish a space tourism sector that Swiss investment bank UBS estimates will reach $3 billion annually in a decade. Another billionaire tech mogul, Elon Musk, plans to send an all-civilian crew on an even more ambitious flight in September: a several-day orbital mission on his Crew Dragon capsule.\nBlue Origin has not offered details on its longer-term pricing strategy or how quickly it will ramp up the frequency of its launches. Chief Executive Bob Smith has said the next flight is likely in September or October. Smith said the \"willingness to pay continues to be quite high\" for people interested in future flights.\nThe company appears to have a reservoir of future customers. More than 6,000 people from at least 143 countries entered an auction to become the first paying customer, though the auction winner who made a $28 million bid ultimately dropped out of Tuesday's flight.\nBezos, who founded Blue Origin in 2000, has a net worth of $206 billion according to the Bloomberg Billionaires Index. He stepped down this month as Amazon CEO but remains its executive chairman.","news_type":1,"symbols_score_info":{"03086":0.9,"09086":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":603555672,"gmtCreate":1638431950612,"gmtModify":1638431951027,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/603555672","repostId":"1193468323","repostType":4,"isVote":1,"tweetType":1,"viewCount":1850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":873035017,"gmtCreate":1636791724198,"gmtModify":1636791724364,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Pls like and comment 😁😁😁","listText":"Pls like and comment 😁😁😁","text":"Pls like and comment 😁😁😁","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/873035017","repostId":"1151602326","repostType":4,"isVote":1,"tweetType":1,"viewCount":1566,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874191341,"gmtCreate":1637739263344,"gmtModify":1637739263484,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Pls like and comment 😊","listText":"Pls like and comment 😊","text":"Pls like and comment 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/874191341","repostId":"1169938465","repostType":4,"repost":{"id":"1169938465","kind":"news","pubTimestamp":1637738191,"share":"https://ttm.financial/m/news/1169938465?lang=&edition=full","pubTime":"2021-11-24 15:16","market":"us","language":"en","title":"Federal Reserve Can’t Keep Markets Afloat Without Interruption, Billionaire Howard Marks Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1169938465","media":"Forbes","summary":"TOPLINE\nThe idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock","content":"<p><b>TOPLINE</b></p>\n<p>The idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock market rally without interruption is “too good to be true,” especially amid “well-founded” fears about rising inflation, billionaire investor Howard Marks said in a new investor letter on Tuesday.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35f19ab8546d77cc759b98ffaf14eb8a\" tg-width=\"960\" tg-height=\"540\" referrerpolicy=\"no-referrer\"><span>The famed investor discussed inflation and central bank policy in his latest note to investors.</span></p>\n<p><b>KEY FACTS</b></p>\n<p>The cofounder of Oaktree Capital Management says “it’s still Groundhog Day” for investors—with market conditions little changed from several months ago as stocks remain near record highs despite rising inflation worries.</p>\n<p>The U.S. economic recovery that began in late 2020 “remains underway” and stocks have continued their meteoric rise since March 2020, but “there is still no consensus” on whether higher inflation will prove transitory or long-lasting, Marks said.</p>\n<p>Worries about rising inflation are “well founded thus far,” though it also remains unclear whether the current surge is caused by the Federal Reserve’s monetary policy or ongoing supply chain and labor market bottlenecks.</p>\n<p>While the central bank’s job has historically been to control inflation and oversee economic growth, the Fed has in recent years “taken on the additional task” of boosting markets higher by lowering interest rates and injecting massive amounts of liquidity into the economy, Marks described.</p>\n<p>The billionaire investor was also critical of progressive Democrats who opposed the nomination of Jerome Powell for a second term as Fed chairman for his lack of action in addressing climate change.</p>\n<p>“So now we have a Fed that’s supposed to control inflation, foster growth and employment, support markets and fight climate change—how many roles can one institution have and still maintain a coherent effort?” Marks asks.</p>\n<p><b>CRUCIAL QUOTE:</b></p>\n<p>“For me, the expectation that the Fed can keep the economy and markets rising without interruption is too good to be true,” wrote Marks. “And I continue to believe the economy will perform best in the long run if it’s a free market economy, which does the best job of moving resources to their optimal use.”</p>\n<p><b>BIG NUMBER:</b></p>\n<p><b>$2.2 billion.</b>That’s how much Marks, who cofounded Oaktree Capital Management in 1995, is worth today, according to&nbsp;<i>Forbes</i>’ estimates.</p>\n<p><b>TANGENT:</b></p>\n<p>The billionaire investor also addressed recent comments on deflation from growth and innovation investor Cathie Wood, founder of $60 billion (assets) Ark Invest. Marks disputed her claims that technological gains would drive productivity gains and cause deflation in the economy. While technology will prove deflationary and contribute to a jump in GDP growth, that will also add to unemployment, Marks predicts. He concludes that the possibility of deflation “certainly seems unlikely to arise.”</p>\n<p><b>WHAT TO WATCH FOR:</b></p>\n<p>“The Chinese economy will continue to grow faster than the rest of the world and may well become the largest economy,” Marks predicted. He observes that China has to navigate an “unusually large number of transitions” as it continues to modernize its economy, though he’s bullish on the country’s long-term growth prospects.</p>","source":"fors","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>Federal Reserve Can’t Keep Markets Afloat Without Interruption, Billionaire Howard Marks Says</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\">\nFederal Reserve Can’t Keep Markets Afloat Without Interruption, Billionaire Howard Marks Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-24 15:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/sergeiklebnikov/2021/11/23/billionaire-investor-howard-marks-predicts-federal-reserve-wont-be-able-to-keep-supporting-markets/?sh=4e4ae5244e90><strong>Forbes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOPLINE\nThe idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock market rally without interruption is “too good to be true,” especially amid “well-founded” fears ...</p>\n\n<a href=\"https://www.forbes.com/sites/sergeiklebnikov/2021/11/23/billionaire-investor-howard-marks-predicts-federal-reserve-wont-be-able-to-keep-supporting-markets/?sh=4e4ae5244e90\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.forbes.com/sites/sergeiklebnikov/2021/11/23/billionaire-investor-howard-marks-predicts-federal-reserve-wont-be-able-to-keep-supporting-markets/?sh=4e4ae5244e90","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169938465","content_text":"TOPLINE\nThe idea that the Federal Reserve can continue to boost the U.S. economic recovery and stock market rally without interruption is “too good to be true,” especially amid “well-founded” fears about rising inflation, billionaire investor Howard Marks said in a new investor letter on Tuesday.\nThe famed investor discussed inflation and central bank policy in his latest note to investors.\nKEY FACTS\nThe cofounder of Oaktree Capital Management says “it’s still Groundhog Day” for investors—with market conditions little changed from several months ago as stocks remain near record highs despite rising inflation worries.\nThe U.S. economic recovery that began in late 2020 “remains underway” and stocks have continued their meteoric rise since March 2020, but “there is still no consensus” on whether higher inflation will prove transitory or long-lasting, Marks said.\nWorries about rising inflation are “well founded thus far,” though it also remains unclear whether the current surge is caused by the Federal Reserve’s monetary policy or ongoing supply chain and labor market bottlenecks.\nWhile the central bank’s job has historically been to control inflation and oversee economic growth, the Fed has in recent years “taken on the additional task” of boosting markets higher by lowering interest rates and injecting massive amounts of liquidity into the economy, Marks described.\nThe billionaire investor was also critical of progressive Democrats who opposed the nomination of Jerome Powell for a second term as Fed chairman for his lack of action in addressing climate change.\n“So now we have a Fed that’s supposed to control inflation, foster growth and employment, support markets and fight climate change—how many roles can one institution have and still maintain a coherent effort?” Marks asks.\nCRUCIAL QUOTE:\n“For me, the expectation that the Fed can keep the economy and markets rising without interruption is too good to be true,” wrote Marks. “And I continue to believe the economy will perform best in the long run if it’s a free market economy, which does the best job of moving resources to their optimal use.”\nBIG NUMBER:\n$2.2 billion.That’s how much Marks, who cofounded Oaktree Capital Management in 1995, is worth today, according to Forbes’ estimates.\nTANGENT:\nThe billionaire investor also addressed recent comments on deflation from growth and innovation investor Cathie Wood, founder of $60 billion (assets) Ark Invest. Marks disputed her claims that technological gains would drive productivity gains and cause deflation in the economy. While technology will prove deflationary and contribute to a jump in GDP growth, that will also add to unemployment, Marks predicts. He concludes that the possibility of deflation “certainly seems unlikely to arise.”\nWHAT TO WATCH FOR:\n“The Chinese economy will continue to grow faster than the rest of the world and may well become the largest economy,” Marks predicted. He observes that China has to navigate an “unusually large number of transitions” as it continues to modernize its economy, though he’s bullish on the country’s long-term growth prospects.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":166196651,"gmtCreate":1623995122573,"gmtModify":1634024390994,"author":{"id":"3565093231884966","authorId":"3565093231884966","name":"乐乐兄弟","avatar":"https://static.tigerbbs.com/eb090d0ef806d1ab6ea260cffcde7569","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565093231884966","authorIdStr":"3565093231884966"},"themes":[],"htmlText":"Pls like and comment tks!","listText":"Pls like and comment tks!","text":"Pls like and comment tks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/166196651","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://ttm.financial/m/news/1175693382?lang=&edition=full","pubTime":"2021-06-18 09:07","market":"hk","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is probably the most undervalued growth stock right now.</li>\n <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>\n <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>\n <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p>\n<p><b>The Technical Thesis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p>\n<p>Alibaba’s&nbsp;stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p>\n<p><b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p>\n<p>BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p>\n<p>Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p>\n<p>When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&amp;P Capital IQ</span></p>\n<p>Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&amp;A, and therefore skewed its EBIT margin to the downside.</p>\n<p>One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of&nbsp;823M AAC&nbsp;in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only&nbsp;100M AAC in Q2’C17&nbsp;as compared to BABA’s 466M AAC in the same period.</p>\n<p>Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p>\n<p>Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics &amp; revenue growth forecast. Data source: S&amp;P Capital IQ</span></p>\n<p>We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p>\n<p>BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p>\n<p>Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p>\n<p><b>BABA's Valuations Look Highly Compelling</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&amp;P Capital IQ</span></p>\n<p>When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&amp;P Capital IQ</span></p>\n<p>By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p>\n<p><b>Risks to Assumptions</b></p>\n<p>Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p>\n<p><b>Wrapping It All Up</b></p>\n<p>Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Stock: The Bottoming Process Looks To Be Forming Already</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 Stock: The Bottoming Process Looks To Be Forming Already\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short...</p>\n\n<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1,"symbols_score_info":{"09988":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":1881,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}