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2021-12-16

Great year?

2021-07-24

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Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks

2021-07-01

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Marathon Digital: Growth Outlook Keeps Us Bullish

2021-06-30

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2021-06-23

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2021-06-20

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2021-06-18

You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger

This Under-the-Radar Payments Company Could Be a Great Investment

2021-06-18

Make my comment trend!!

Piper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy

2021-06-18

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AstraZeneca Vaccine Faces More Supply Hurdles, Now From Thailand

2021-06-15

Lol

There’s a Big Divergence Developing in Inflation Expectations

2021-06-13

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2021-06-12

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Five Charts That Show How Much the Crypto Space Just Slowed Down

2021-06-11

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Vertical Aerospace to go public in $2.2 billion SPAC deal

2021-06-11

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Japan minister says he never asked adviser to contact Toshiba shareholders

2021-06-10

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Why One Bank Thinks ESG Could Trigger Hyperinflation

2021-06-09

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Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources

2021-06-08

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EV Stocks: What You Should Buy and What You Should Sell

2021-06-07

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2021-06-05

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FTSE Russell removed GameStop from the small-cap index

2021-06-03

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year?&nbsp;","listText":"Great year?&nbsp;","text":"Great year?","images":[{"img":"https://static.tigerbbs.com/7ff99b006e83789102cf576927f219fa","width":"1125","height":"3134"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/690112590","isVote":1,"tweetType":1,"viewCount":1336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":174705991,"gmtCreate":1627135294213,"gmtModify":1631891665792,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":29,"repostSize":0,"link":"https://laohu8.com/post/174705991","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://ttm.financial/m/news/1112927800?lang=&edition=full","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p>\n<ul>\n <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>\n <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>\n <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p>\n<p><b>NIO And TSLA Stock Prices</b></p>\n<p>Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p>\n<p><b>Is NIO Similar To Tesla?</b></p>\n<p>The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p>\n<p><b>Business Model</b></p>\n<p>Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p>\n<p>Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p>\n<p><b>Size, growth, and valuation</b></p>\n<p>The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p>\n<p>Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p>\n<p>The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p>\n<p>Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p>\n<p><b>Can NIO Be Worth As Much As Tesla?</b></p>\n<p>The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p>\n<p>When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p>\n<p>It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p>\n<p><b>Is NIO A Good Stock To Buy Or Sell Now?</b></p>\n<p>When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p>\n<p>One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</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>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks</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\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-24 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly ...</p>\n\n<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"NIO":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158343410,"gmtCreate":1625131905530,"gmtModify":1631891665803,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":9,"repostSize":0,"link":"https://laohu8.com/post/158343410","repostId":"1147837933","repostType":4,"repost":{"id":"1147837933","kind":"news","pubTimestamp":1625131631,"share":"https://ttm.financial/m/news/1147837933?lang=&edition=full","pubTime":"2021-07-01 17:27","market":"us","language":"en","title":"Marathon Digital: Growth Outlook Keeps Us Bullish","url":"https://stock-news.laohu8.com/highlight/detail?id=1147837933","media":"seekingalpha","summary":"Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>U.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.</li>\n <li>Chinese ban on bitcoin mining means Marathon has gained market share within the global network hash rate from existing capacity as a boost to revenue.</li>\n <li>We go through our 2021 and 2022 revenue forecast models.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/521d280742426e8c512ffd2852424595\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>adventtr/iStock via Getty Images</span></p>\n<p>Marathon Digital Holdings, Inc.(NASDAQ:MARA)has emerged as one of the most exciting stocks in the market with an industry-leading crypto mining strategy. Indeed, even considering the recent volatility in Bitcoin (BTC-USD), shares of MARA are still up nearly 200% year-to-date, highlighted by its strong growth outlook. June was a milestone month for the company which reported mining 227 bitcoins in May, implying an annual revenue run rate approaching $100 million, which is set to accelerate towards $500 million by the end of the year as more mining capacity comes online. We are bullish on the stock which is well-positioned to continue generating strong returns with a positive long-term outlook.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2706fbc6fc04481b09be757b13d33622\" tg-width=\"640\" tg-height=\"228\"><span>(Seeking Alpha)</span></p>\n<p><b>A Massive Growth Story</b></p>\n<p>The key to understanding Marathon Digital is to put aside the recent financial statements and last annual report which are simply ancient history at this point. The attraction here is the company's evolution over the next several months in 2022. Marathon is on track to be the largest publicly-traded mining company in terms of production capacity, which offers several advantages from scale and strategic opportunities.</p>\n<p>There are a lot of misconceptions regarding bitcoin miners but the reality is that the business is profitable and generates real cash flows. The current consensus estimates for MARA suggest an outlook for $202 million in revenue and an EPS of $1.90 this year. For 2022, the outlook is for revenue to reach $511 million with EPS climbing towards $2.68. We believe these estimates are too low even assuming a constant bitcoin price of $35,000 through next year which we discuss in our model below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5c93435592d8575a8214e66fb47d77f\" tg-width=\"640\" tg-height=\"246\"><span>(Seeking Alpha)</span></p>\n<p>Either way, there are a few stocks in the market trading at a 1-year forward P/E multiple of 11.3x with this type of growth visibility. It's also worth noting, Marathon has no debt and over $350 million in cash and bitcoin on its balance sheet. Getting past the regulatory concerns and environmental pushback against bitcoin mining that has pressured sentiment towards the industry, there's a lot of reasons to be bullish here.</p>\n<p><b>How Does Marathon Digital Make Money?</b></p>\n<p>As a recap, the business model here is relatively simple. Marathon Digital acquires specialized computer hardware equipment built for mining bitcoin. The setup is installed in a data center and integrated into a system that continuously works to solve the bitcoin blockchain code to earn the network reward as the core mining process.</p>\n<p>Approximately every 10 minutes, the global bitcoin network awards a block of 6.25 BTC as a protocol to the decentralized system. Over the course of a year, approximately 52,560 blocks are awarded on the network meaning 328,500 BTC are mined. At a current market price of $35,000, the \"addressable market\" bitcoin miners are attempting to capture is $11.5 billion in newly minted bitcoins per year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efe8e7872bd316f7453b6fca3b163af2\" tg-width=\"640\" tg-height=\"341\"><span>(source:Marathon Digital)</span></p>\n<p>Over the past year, Marathon has invested over $257 million in orders for mining rigs including what was a game-changing $170 million purchase in late December of 2002 for 70,000 'Antminer S19' machines from 'Bitmain Technologies Inc'. These are recognized as top-of-the-line with specifications that show they can generate a market-leading hash rate to power consumption ratio which means they are more profitable to run than nearly any other existing equipment on the market.</p>\n<p>The advantage here from Marathon is that the company stepped into the front of the line for the industry as Bitmain's largest customer selling out production through 2021. Other bitcoin miners are having to wait or acquire less efficient models from other manufacturers. Once fully deployed by Q1 2022, the expectation is that MARA's full mining fleet will consist of 103,120 miners, generating 10.37 EH/s (or 10,370 PH/s as a different denomination of standard hashing computation power). Mara reports and updates on its schedule of mining machine deployments with the projected hash rate increase over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8aec6d445e8f8f7769b8a0dcd9167992\" tg-width=\"640\" tg-height=\"318\"><span>(source:company IR)</span></p>\n<p>The hash rate is an important metric which we use to extrapolate the company's future revenue potential as a function of the market price of bitcoin against the company's share of the global network. So when we look at that 10.37 EH/s hash rate number, this translates into a production capacity in terms of the number of bitcoins the company is expected to generate on a daily and monthly basis.</p>\n<p><b>A Windfall As Chinese Mining Goes Offline</b></p>\n<p>The trend over the last decade since the inception of bitcoin has been a steady climb higher in the network hash rate or difficult with more resources and equipment allocated towards mining considering the profitability potential. This means that each company's mining capacity is expected to be diluted over time as more processing power works to solve the blockchain code.</p>\n<p>That said, a curious development has emerged which we see as a windfall of Marathon Digital. In June, China took a hard line towards bitcoin mining, with an&nbsp;outright ban&nbsp;in several regions including Xinjiang, Inner Mongolia, Sichuan, and Yunnan citing the excess electrical power consumption on the country's infrastructure. It was previously estimated that Chinese miners represented upwards of 75% of the global bitcoin mining production which had been attracted by low electricity rates.</p>\n<p>The result of the ban has been a collapse of the network hash rate which has now declined to the lowest level going back to 2019. Compared to a peak bitcoin network hash rate of 198.5 EH/s, the current level as of June 28th at 86.2 EH/s is down nearly 60%. Again, this is independent of the bitcoin price and simply reflects the Chinese miners going offline and thus no longer contributing to the network processing power.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8071914f0f30e00397e7eec97b210c4\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p>\n<p>The upside for Marathon and other bitcoin miners outside of China is that their existing hash rate capacity captures a higher share of the network reward. Compared to the 1.9 EH/s Marathon reported at the end of May which represented approximately 1.2% of the global total, that same hash rate now totals 2.2% based on the latest network figure. In other words, Marathon is mining nearly double the number of bitcoins without the Chinese miners on the network based on current hash rate figures.</p>\n<p>The implication here is huge. Even as the price of bitcoin has declined from an average of $47,200 in May to the current $35,000, the company is actually generating more revenue. With a concrete example, the company reported mining 227 bitcoins in May representing approximately $10.7 million in revenue. Based on the latest network hash rate and using Marathon's May capacity at 1.9 EH/s, the company can now mine upwards of 600 bitcoin over the entire month. This translates into $21.1 million in revenue, up nearly 100% from May at the current market price of bitcoin.</p>\n<p>To be clear, the lost Chinese capacity is not necessarily removed permanently, but simply that there is an expectation that the production will have to shift into other countries that maintain a more neutral regulatory approach towards bitcoin mining including the U.S. We expect the network hash rate level to begin stabilizing from the current low but not return to peak levels through at least 2022 considering the logistical challenges of Chinese miners moving their operations and securing the necessary data centers and power supplies.</p>\n<p><b>Our Updated Revenue Model For Marathon</b></p>\n<p>In a previous article, we presented a&nbsp;revenue model&nbsp;for Marathon using a constant bitcoin price of $55,000 and a network hash rate projection that continuously climbed through 2022. The bitcoin correction since May along with the decline in the network difficulty now warrants an update.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b9db5d71d9b870e9ce4d71fa74e6ab4\" tg-width=\"640\" tg-height=\"648\"><span>(source: author)</span></p>\n<p>Using the company's schedule of mining machine deliveries, we are assuming a flat BTC price of $35,000 through 2022 as a base case while forecasting the bitcoin network difficulty climbs back towards 150 EH/s by year-end 2021 and ends 2022 around 275 EH/s. This is down from our previous estimate of 220 EH/s and 310 EH/s each year respectively given the disruption to global mining out of China.</p>\n<p>We forecast Marathon Digital to reach $218.1 million in revenue this year by mining 5,968 bitcoins. Considering the company's current market cap of $3.2 billion, our revenue forecast implies a forward P/S ratio of 14.7x. The number to really focus on is going to be 2022 when Marathon expects to have fully deployed all its announced purchases by February. At that point, with our network hash rate projection, Marathon may be mining upwards of 1,611 bitcoin that month, generating $56.4 million in revenue, representing an annual run rate of $677 million. By this measure, the stock's current 1-year forward price to sales multiple of just 4.7x appears very reasonable.</p>\n<p>The reason we are estimating a higher revenue number for 2022 compared to the market consensus of $511 million is because of our expectation that Marathon will continue to add mining capacity beyond what has already been announced. Adding 5,000 new machines per month on average between March and December of 2022 would allow the company to maintain its global hash rate share above 5.5%. Longer-term, the company just needs to stay ahead of the global network hash rate increases by adding new equipment.</p>\n<p>The framework above here allows different scenarios to be modeled. Playing around with the numbers, a more bearish forecast with a BTC price of $20,000 would lead to at least $375 million in annual revenue by next year. To the upside, $1 billion in annual revenue by next year is on the table if BTC climbs back to $55,000.</p>\n<p>In terms of earnings, Marathon has previously offered an expected average all-in mining cost of approximately $4,541 per bitcoin. By this measure, at a bitcoin price of $35,000, the gross mining profit is $30,459 with the margin scale as bitcoin appreciates. Compared to the 2022 consensus EPS of $2.68, which represents approximately $270 million in adjusted net income, we are forecasting 2022 EPS closer to $3.50 per share based on our higher revenue outlook considering. Overall, while there are still some questions as to how expenses will evolve over the coming quarters as the operation scales, the path to profitability is clear with positive cash flows this year.</p>\n<p><b>Is MARA a Buy?</b></p>\n<p>There is a good case to be made that Marathon has a very positive outlook based on its production growth. The expectation of reaching 10.3 EH/s is the largest hash rate capacity any publicly traded miner has announced.</p>\n<p>For context, Riot Blockchain, Inc.(NASDAQ:RIOT)only anticipates having&nbsp;7.7 EH/s capacity&nbsp;by the end of 2022, even as the company with a market cap of $3.6 billion trades at a premium to MARA at $3.2 billion. Separately, while MARA currently holds 5,518 BTC on its balance sheet, RIOT's holding is smaller at 2,000. One explanation for RIOT's higher valuation is the company's recent acquisition of \"Whinstone US\", the largest Bitcoin hosting facility in North America, which diversifies RIOT's business beyond mining into data services supporting other miners. We still believe the advantage on the production side from MARA is more attractive. We'll cover RIOT in more detail in a future article.</p>\n<p>The other side to the equation comes down to the uncertainty over the price of bitcoin. At the end of the day, Marathon and other bitcoin miners are going to need the price of bitcoin to rally higher and sustain positive long-term momentum as part of the bullish case. If you believe bitcoin is going to crash lower and head to zero, then certainly Marathon Digital would not succeed.</p>\n<p>While the trading action in bitcoin has been difficult in recent months, investors should be encouraged that the price has a positive gain year to date, and holding the $30,000 level which appears to be a strong level of technical support. Amid all the negative headlines regarding bitcoin's environmental concerns and higher regulatory scrutiny around the world, the market appears to be resilient with a potential bottom forming with bulls stepping in.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3239ec620c5cc20f1ede3e4711b3cedf\" tg-width=\"640\" tg-height=\"256\"><span>(source: finviz)</span></p>\n<p>This consolidation pattern sets up a rebound higher as sentiment slowly improves over time. In our view, the long-term thesis for cryptocurrencies in general as a new asset class and alternative to fiat currencies remains in place. The appeal of its potential as a payment method and store of value will continue to support demand.</p>\n<p><b>Final Thoughts</b></p>\n<p>We rate shares of MARA as a buy with a price target for the year ahead at $50 representing a market cap of $5 billion and a 7.6x price to sales multiple on our 2022 revenue forecast. The insight we offer is that the recent decline in the network hash rate from Chinese miners going offline has helped balance out the 55% drop in the price of BTC from the all-time high. Marathon Digital is mining an increasing amount of bitcoin which translates into significant revenue and earnings potential even at the current market price. The upside can be significantly higher in a scenario where the price of bitcoin regains positive momentum and rebounds higher.</p>\n<p>Considering the ongoing extreme volatility in the price of bitcoin, we have to keep Marathon in a high-risk and otherwise speculative category. This won't be a straight line higher or lower. Investors interested in Mara should only consider a small position in the context of a diversified portfolio and we always recommend averaging into trades over days and weeks to secure a lower cost basis.</p>\n<p>Recognizing the company will remain cash flow positive even at a significantly lower market price of bitcoin from current levels, any downside from here would pressure sentiment and force a reassessment of the long-term earnings outlook. Furthermore, any type of concerted government effort to limit bitcoin mining operations in the U.S. or delegitimize its use as a financial instrument would be bearish and pressure the market value lower. These are important risks to be aware of.</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>Marathon Digital: Growth Outlook Keeps Us Bullish</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\">\nMarathon Digital: Growth Outlook Keeps Us Bullish\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 17:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.\nChinese ban on bitcoin mining means Marathon has gained market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"MARA Holdings"},"source_url":"https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147837933","content_text":"Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.\nChinese ban on bitcoin mining means Marathon has gained market share within the global network hash rate from existing capacity as a boost to revenue.\nWe go through our 2021 and 2022 revenue forecast models.\n\nadventtr/iStock via Getty Images\nMarathon Digital Holdings, Inc.(NASDAQ:MARA)has emerged as one of the most exciting stocks in the market with an industry-leading crypto mining strategy. Indeed, even considering the recent volatility in Bitcoin (BTC-USD), shares of MARA are still up nearly 200% year-to-date, highlighted by its strong growth outlook. June was a milestone month for the company which reported mining 227 bitcoins in May, implying an annual revenue run rate approaching $100 million, which is set to accelerate towards $500 million by the end of the year as more mining capacity comes online. We are bullish on the stock which is well-positioned to continue generating strong returns with a positive long-term outlook.\n(Seeking Alpha)\nA Massive Growth Story\nThe key to understanding Marathon Digital is to put aside the recent financial statements and last annual report which are simply ancient history at this point. The attraction here is the company's evolution over the next several months in 2022. Marathon is on track to be the largest publicly-traded mining company in terms of production capacity, which offers several advantages from scale and strategic opportunities.\nThere are a lot of misconceptions regarding bitcoin miners but the reality is that the business is profitable and generates real cash flows. The current consensus estimates for MARA suggest an outlook for $202 million in revenue and an EPS of $1.90 this year. For 2022, the outlook is for revenue to reach $511 million with EPS climbing towards $2.68. We believe these estimates are too low even assuming a constant bitcoin price of $35,000 through next year which we discuss in our model below.\n(Seeking Alpha)\nEither way, there are a few stocks in the market trading at a 1-year forward P/E multiple of 11.3x with this type of growth visibility. It's also worth noting, Marathon has no debt and over $350 million in cash and bitcoin on its balance sheet. Getting past the regulatory concerns and environmental pushback against bitcoin mining that has pressured sentiment towards the industry, there's a lot of reasons to be bullish here.\nHow Does Marathon Digital Make Money?\nAs a recap, the business model here is relatively simple. Marathon Digital acquires specialized computer hardware equipment built for mining bitcoin. The setup is installed in a data center and integrated into a system that continuously works to solve the bitcoin blockchain code to earn the network reward as the core mining process.\nApproximately every 10 minutes, the global bitcoin network awards a block of 6.25 BTC as a protocol to the decentralized system. Over the course of a year, approximately 52,560 blocks are awarded on the network meaning 328,500 BTC are mined. At a current market price of $35,000, the \"addressable market\" bitcoin miners are attempting to capture is $11.5 billion in newly minted bitcoins per year.\n(source:Marathon Digital)\nOver the past year, Marathon has invested over $257 million in orders for mining rigs including what was a game-changing $170 million purchase in late December of 2002 for 70,000 'Antminer S19' machines from 'Bitmain Technologies Inc'. These are recognized as top-of-the-line with specifications that show they can generate a market-leading hash rate to power consumption ratio which means they are more profitable to run than nearly any other existing equipment on the market.\nThe advantage here from Marathon is that the company stepped into the front of the line for the industry as Bitmain's largest customer selling out production through 2021. Other bitcoin miners are having to wait or acquire less efficient models from other manufacturers. Once fully deployed by Q1 2022, the expectation is that MARA's full mining fleet will consist of 103,120 miners, generating 10.37 EH/s (or 10,370 PH/s as a different denomination of standard hashing computation power). Mara reports and updates on its schedule of mining machine deployments with the projected hash rate increase over time.\n(source:company IR)\nThe hash rate is an important metric which we use to extrapolate the company's future revenue potential as a function of the market price of bitcoin against the company's share of the global network. So when we look at that 10.37 EH/s hash rate number, this translates into a production capacity in terms of the number of bitcoins the company is expected to generate on a daily and monthly basis.\nA Windfall As Chinese Mining Goes Offline\nThe trend over the last decade since the inception of bitcoin has been a steady climb higher in the network hash rate or difficult with more resources and equipment allocated towards mining considering the profitability potential. This means that each company's mining capacity is expected to be diluted over time as more processing power works to solve the blockchain code.\nThat said, a curious development has emerged which we see as a windfall of Marathon Digital. In June, China took a hard line towards bitcoin mining, with an outright ban in several regions including Xinjiang, Inner Mongolia, Sichuan, and Yunnan citing the excess electrical power consumption on the country's infrastructure. It was previously estimated that Chinese miners represented upwards of 75% of the global bitcoin mining production which had been attracted by low electricity rates.\nThe result of the ban has been a collapse of the network hash rate which has now declined to the lowest level going back to 2019. Compared to a peak bitcoin network hash rate of 198.5 EH/s, the current level as of June 28th at 86.2 EH/s is down nearly 60%. Again, this is independent of the bitcoin price and simply reflects the Chinese miners going offline and thus no longer contributing to the network processing power.\nData by YCharts\nThe upside for Marathon and other bitcoin miners outside of China is that their existing hash rate capacity captures a higher share of the network reward. Compared to the 1.9 EH/s Marathon reported at the end of May which represented approximately 1.2% of the global total, that same hash rate now totals 2.2% based on the latest network figure. In other words, Marathon is mining nearly double the number of bitcoins without the Chinese miners on the network based on current hash rate figures.\nThe implication here is huge. Even as the price of bitcoin has declined from an average of $47,200 in May to the current $35,000, the company is actually generating more revenue. With a concrete example, the company reported mining 227 bitcoins in May representing approximately $10.7 million in revenue. Based on the latest network hash rate and using Marathon's May capacity at 1.9 EH/s, the company can now mine upwards of 600 bitcoin over the entire month. This translates into $21.1 million in revenue, up nearly 100% from May at the current market price of bitcoin.\nTo be clear, the lost Chinese capacity is not necessarily removed permanently, but simply that there is an expectation that the production will have to shift into other countries that maintain a more neutral regulatory approach towards bitcoin mining including the U.S. We expect the network hash rate level to begin stabilizing from the current low but not return to peak levels through at least 2022 considering the logistical challenges of Chinese miners moving their operations and securing the necessary data centers and power supplies.\nOur Updated Revenue Model For Marathon\nIn a previous article, we presented a revenue model for Marathon using a constant bitcoin price of $55,000 and a network hash rate projection that continuously climbed through 2022. The bitcoin correction since May along with the decline in the network difficulty now warrants an update.\n(source: author)\nUsing the company's schedule of mining machine deliveries, we are assuming a flat BTC price of $35,000 through 2022 as a base case while forecasting the bitcoin network difficulty climbs back towards 150 EH/s by year-end 2021 and ends 2022 around 275 EH/s. This is down from our previous estimate of 220 EH/s and 310 EH/s each year respectively given the disruption to global mining out of China.\nWe forecast Marathon Digital to reach $218.1 million in revenue this year by mining 5,968 bitcoins. Considering the company's current market cap of $3.2 billion, our revenue forecast implies a forward P/S ratio of 14.7x. The number to really focus on is going to be 2022 when Marathon expects to have fully deployed all its announced purchases by February. At that point, with our network hash rate projection, Marathon may be mining upwards of 1,611 bitcoin that month, generating $56.4 million in revenue, representing an annual run rate of $677 million. By this measure, the stock's current 1-year forward price to sales multiple of just 4.7x appears very reasonable.\nThe reason we are estimating a higher revenue number for 2022 compared to the market consensus of $511 million is because of our expectation that Marathon will continue to add mining capacity beyond what has already been announced. Adding 5,000 new machines per month on average between March and December of 2022 would allow the company to maintain its global hash rate share above 5.5%. Longer-term, the company just needs to stay ahead of the global network hash rate increases by adding new equipment.\nThe framework above here allows different scenarios to be modeled. Playing around with the numbers, a more bearish forecast with a BTC price of $20,000 would lead to at least $375 million in annual revenue by next year. To the upside, $1 billion in annual revenue by next year is on the table if BTC climbs back to $55,000.\nIn terms of earnings, Marathon has previously offered an expected average all-in mining cost of approximately $4,541 per bitcoin. By this measure, at a bitcoin price of $35,000, the gross mining profit is $30,459 with the margin scale as bitcoin appreciates. Compared to the 2022 consensus EPS of $2.68, which represents approximately $270 million in adjusted net income, we are forecasting 2022 EPS closer to $3.50 per share based on our higher revenue outlook considering. Overall, while there are still some questions as to how expenses will evolve over the coming quarters as the operation scales, the path to profitability is clear with positive cash flows this year.\nIs MARA a Buy?\nThere is a good case to be made that Marathon has a very positive outlook based on its production growth. The expectation of reaching 10.3 EH/s is the largest hash rate capacity any publicly traded miner has announced.\nFor context, Riot Blockchain, Inc.(NASDAQ:RIOT)only anticipates having 7.7 EH/s capacity by the end of 2022, even as the company with a market cap of $3.6 billion trades at a premium to MARA at $3.2 billion. Separately, while MARA currently holds 5,518 BTC on its balance sheet, RIOT's holding is smaller at 2,000. One explanation for RIOT's higher valuation is the company's recent acquisition of \"Whinstone US\", the largest Bitcoin hosting facility in North America, which diversifies RIOT's business beyond mining into data services supporting other miners. We still believe the advantage on the production side from MARA is more attractive. We'll cover RIOT in more detail in a future article.\nThe other side to the equation comes down to the uncertainty over the price of bitcoin. At the end of the day, Marathon and other bitcoin miners are going to need the price of bitcoin to rally higher and sustain positive long-term momentum as part of the bullish case. If you believe bitcoin is going to crash lower and head to zero, then certainly Marathon Digital would not succeed.\nWhile the trading action in bitcoin has been difficult in recent months, investors should be encouraged that the price has a positive gain year to date, and holding the $30,000 level which appears to be a strong level of technical support. Amid all the negative headlines regarding bitcoin's environmental concerns and higher regulatory scrutiny around the world, the market appears to be resilient with a potential bottom forming with bulls stepping in.\n(source: finviz)\nThis consolidation pattern sets up a rebound higher as sentiment slowly improves over time. In our view, the long-term thesis for cryptocurrencies in general as a new asset class and alternative to fiat currencies remains in place. The appeal of its potential as a payment method and store of value will continue to support demand.\nFinal Thoughts\nWe rate shares of MARA as a buy with a price target for the year ahead at $50 representing a market cap of $5 billion and a 7.6x price to sales multiple on our 2022 revenue forecast. The insight we offer is that the recent decline in the network hash rate from Chinese miners going offline has helped balance out the 55% drop in the price of BTC from the all-time high. Marathon Digital is mining an increasing amount of bitcoin which translates into significant revenue and earnings potential even at the current market price. The upside can be significantly higher in a scenario where the price of bitcoin regains positive momentum and rebounds higher.\nConsidering the ongoing extreme volatility in the price of bitcoin, we have to keep Marathon in a high-risk and otherwise speculative category. This won't be a straight line higher or lower. Investors interested in Mara should only consider a small position in the context of a diversified portfolio and we always recommend averaging into trades over days and weeks to secure a lower cost basis.\nRecognizing the company will remain cash flow positive even at a significantly lower market price of bitcoin from current levels, any downside from here would pressure sentiment and force a reassessment of the long-term earnings outlook. Furthermore, any type of concerted government effort to limit bitcoin mining operations in the U.S. or delegitimize its use as a financial instrument would be bearish and pressure the market value lower. These are important risks to be aware of.","news_type":1,"symbols_score_info":{"MARA":0.9}},"isVote":1,"tweetType":1,"viewCount":1872,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153740869,"gmtCreate":1625053619251,"gmtModify":1631891665816,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153740869","repostId":"1176914673","repostType":4,"isVote":1,"tweetType":1,"viewCount":986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123526431,"gmtCreate":1624430472323,"gmtModify":1631891665828,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/123526431","repostId":"2145066431","repostType":4,"isVote":1,"tweetType":1,"viewCount":1364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164069260,"gmtCreate":1624161767250,"gmtModify":1631891665838,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/164069260","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":1414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166536282,"gmtCreate":1624016667246,"gmtModify":1631891665850,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","listText":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","text":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166536282","repostId":"2144773750","repostType":4,"repost":{"id":"2144773750","kind":"highlight","pubTimestamp":1624014000,"share":"https://ttm.financial/m/news/2144773750?lang=&edition=full","pubTime":"2021-06-18 19:00","market":"us","language":"en","title":"This Under-the-Radar Payments Company Could Be a Great Investment","url":"https://stock-news.laohu8.com/highlight/detail?id=2144773750","media":"Motley Fool","summary":"While many investors chase new, highflying entrants to the financial services sector, this 46-year-old SaaS payments company might represent excellent value.","content":"<p>The financial sector is constantly evolving -- especially the payments industry, which is home to countless new companies that are trying to change the way consumers trade with merchants. But some of the most important innovations haven't come from young, exciting companies.</p>\n<p>Founded in 1975, <b>ACI Worldwide</b> (NASDAQ:ACIW) is responsible for processing over $14 trillion worth of daily transactions and does business with 19 of the world's 20 largest banks. Aside from becoming the target of an activist investor in 2020, this company is rarely a hot topic in investment circles. It hosts a modest valuation compared to some of the smaller disruptors in the sector yet has delivered solid growth recently, and is projected to continue doing so. It's definitely worth considering for your portfolio.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a2cdff04063f294d2a2063a870dbd1b\" tg-width=\"700\" tg-height=\"466\"><span>Image Source: Getty Images</span></p>\n<h2>A variety of solutions</h2>\n<p>ACI Worldwide is ambitious. It strives to be a software-driven, <a href=\"https://laohu8.com/S/AONE\">one</a>-stop payments provider for businesses of all kinds. It doesn't just process transactions; it also offers billing solutions to assist businesses with customer interactions -- and even a digital debt-collections service!</p>\n<p>It reports revenue and EBITDA in three different parts to offer clarity on the best-performing areas of its business:</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Segment</p></th>\n   <th><p>Q1 2021 Revenue (millions)</p></th>\n   <th><p>Q1 2021 EBITDA (millions)</p></th>\n   <th><p>Q1 2021 EBITDA Margin</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p>Banks</p></td>\n   <td><p>$95.9</p></td>\n   <td><p>$37.2</p></td>\n   <td><p>38.7%</p></td>\n  </tr>\n  <tr>\n   <td><p>Merchants</p></td>\n   <td><p>$38.7</p></td>\n   <td><p>$14.7</p></td>\n   <td><p>37.9%</p></td>\n  </tr>\n  <tr>\n   <td><p>Billers</p></td>\n   <td><p>$150.6</p></td>\n   <td><p>$34.0</p></td>\n   <td><p>22.5%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>DATA SOURCE: COMPANY FILINGS</p>\n<p>The billers segment makes up more than half of the company's revenue, but is the least profitable with the smallest EBITDA margin. Billers are typically companies that draw regular payments from customers, like a phone or utilities provider. The biggest margins come from banks, who use ACI's white-label software to run online portals and internet banking for customers. This is particularly distinctive, because most other payments companies are focused on <i>changing</i> banking and finance, not necessarily <i>serving</i> traditional banks.</p>\n<p>The company also provides merchant services, helping physical businesses build their presence online, and offers in-store payment solutions.</p>\n<p>Ultimately, ACI is helping to digitize merchants, providing them with the opportunity to harness omnichannel strategies. From in-store payments to online payments, businesses rely on ACI's software solutions, and with features like integrated machine learning-based fraud protection, they can operate with confidence.</p>\n<p>ACI runs under a software as a service (SaaS) business model, which means most of its revenue is recurring (subscription-based). The majority of its services are delivered in the cloud, making them truly mobile, which is essential when facilitating global transactions.</p>\n<p>As recently as the first-quarter 2021 earnings release, ACI flagged its search for potential acquisitions in an attempt to further supplement its current product offerings and also expand them. Acquisitions aren't new for this company. In 2019, it purchased Speedpay from <b>Western Union</b>, which it has integrated into its existing billing platform. It also added Walletron in the same year, allowing for integrations with Apple Wallet and Google Pay, to give consumers more mobile payment options.</p>\n<h2>The rule of 40</h2>\n<p>Despite growing revenues, earnings per share (EPS) have been stagnant for the last few years. However, analysts expect full-year 2021 growth of 85% driven by the company's projected ''rule of 40'' milestone. ACI has chosen to measure its performance by this metric, as it is widely recognized by investors in the SaaS space.</p>\n<p>A company passes the rule of 40 test when its revenue growth rate and profit margin add up to 40% or more. It can be achieved in different ways: A revenue growth of 20% and a 20% earnings before interest, taxes, depreciation, and amortization (EBITDA) margin is the benchmark; but 40% revenue growth and a 0% EBITDA margin would also qualify.</p>\n<p>SaaS companies that maintain the rule of 40 typically attract higher earnings multiples in the market, indicating that investors favor them over their peers, which are growing the key metrics at a slower rate.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metric</p></th>\n   <th><p>2019</p></th>\n   <th><p>2020</p></th>\n   <th><p>Q1 2021</p></th>\n   <th><p>2021 Full-Year Estimate</p></th>\n   <th><p>2022 Full-Year Estimate</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p>Revenue (millions)</p></td>\n   <td><p>$1,258</p></td>\n   <td><p>$1,294</p></td>\n   <td><p>$285</p></td>\n   <td><p>$1,330</p></td>\n   <td><p>$1,400</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>$0.57</p></td>\n   <td><p>$0.62</p></td>\n   <td><p>$0.15</p></td>\n   <td><p>$1.15</p></td>\n   <td><p>$1.28</p></td>\n  </tr>\n </tbody>\n</table>\n<p>DATA SOURCE: COMPANY FILINGS, YAHOO! FINANCE</p>\n<p>For the full-year 2020, ACI achieved a net adjusted EBITDA margin of 37% and revenue growth of 2.8%, so it was mere basis points away from achieving the rule of 40 milestone. It has projected it will reach it for the full year 2021; however, Q1 was a little sluggish, attributable to persistent COVID-related headwinds. It delivered an EBITDA margin of just 23%, and a revenue <i>contraction</i> of 2%. However, it's still early in the year, and ACI has guided for revenue to grow (sequentially) in Q2.</p>\n<p>Growth this year could be driven by the merchants segment. Although it's the smallest for the company, with businesses reopening after COVID lockdowns, there is an opportunity for ACI to capture new customers. As it's really profitable (almost as profitable as the banking segment), it could also be a big contributor to blended EBITDA margins.</p>\n<h2>A modest valuation</h2>\n<p>Financial services companies are typically given smaller valuations compared to companies in other sectors, like technology. With a $4.6 billion market cap, ACI Worldwide trades at just 3.5 times trailing 12-month revenue. But given its digital and technological focus, there is an opportunity for the company to prove itself to growth investors, and potentially attract a higher valuation by generating stronger operating performance..</p>\n<p>By comparison, payments giant <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b> trades at 14.3 times trailing 12-month revenue,&nbsp;although it is growing much more quickly. PayPal does operate an entirely different business model, but it has similar goals, which involve facilitating instant transacting worldwide.</p>\n<p>The rule of 40 could be the key to unlocking consistent earnings growth in the coming years as analysts are predicting. Revenue growth has been the main hurdle for ACI, and it will need to innovate to generate better results, whether organically or by acquisition. At Thursday's close, the stock was trading at pennies higher than where it opened the year, but that could change with improved results in the coming quarters.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Under-the-Radar Payments Company Could Be a Great Investment</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\">\nThis Under-the-Radar Payments Company Could Be a Great Investment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/18/under-the-radar-payments-company-could-be-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The financial sector is constantly evolving -- especially the payments industry, which is home to countless new companies that are trying to change the way consumers trade with merchants. But some of ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/18/under-the-radar-payments-company-could-be-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACIW":"ACI环球"},"source_url":"https://www.fool.com/investing/2021/06/18/under-the-radar-payments-company-could-be-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144773750","content_text":"The financial sector is constantly evolving -- especially the payments industry, which is home to countless new companies that are trying to change the way consumers trade with merchants. But some of the most important innovations haven't come from young, exciting companies.\nFounded in 1975, ACI Worldwide (NASDAQ:ACIW) is responsible for processing over $14 trillion worth of daily transactions and does business with 19 of the world's 20 largest banks. Aside from becoming the target of an activist investor in 2020, this company is rarely a hot topic in investment circles. It hosts a modest valuation compared to some of the smaller disruptors in the sector yet has delivered solid growth recently, and is projected to continue doing so. It's definitely worth considering for your portfolio.\nImage Source: Getty Images\nA variety of solutions\nACI Worldwide is ambitious. It strives to be a software-driven, one-stop payments provider for businesses of all kinds. It doesn't just process transactions; it also offers billing solutions to assist businesses with customer interactions -- and even a digital debt-collections service!\nIt reports revenue and EBITDA in three different parts to offer clarity on the best-performing areas of its business:\n\n\n\nSegment\nQ1 2021 Revenue (millions)\nQ1 2021 EBITDA (millions)\nQ1 2021 EBITDA Margin\n\n\n\n\nBanks\n$95.9\n$37.2\n38.7%\n\n\nMerchants\n$38.7\n$14.7\n37.9%\n\n\nBillers\n$150.6\n$34.0\n22.5%\n\n\n\nDATA SOURCE: COMPANY FILINGS\nThe billers segment makes up more than half of the company's revenue, but is the least profitable with the smallest EBITDA margin. Billers are typically companies that draw regular payments from customers, like a phone or utilities provider. The biggest margins come from banks, who use ACI's white-label software to run online portals and internet banking for customers. This is particularly distinctive, because most other payments companies are focused on changing banking and finance, not necessarily serving traditional banks.\nThe company also provides merchant services, helping physical businesses build their presence online, and offers in-store payment solutions.\nUltimately, ACI is helping to digitize merchants, providing them with the opportunity to harness omnichannel strategies. From in-store payments to online payments, businesses rely on ACI's software solutions, and with features like integrated machine learning-based fraud protection, they can operate with confidence.\nACI runs under a software as a service (SaaS) business model, which means most of its revenue is recurring (subscription-based). The majority of its services are delivered in the cloud, making them truly mobile, which is essential when facilitating global transactions.\nAs recently as the first-quarter 2021 earnings release, ACI flagged its search for potential acquisitions in an attempt to further supplement its current product offerings and also expand them. Acquisitions aren't new for this company. In 2019, it purchased Speedpay from Western Union, which it has integrated into its existing billing platform. It also added Walletron in the same year, allowing for integrations with Apple Wallet and Google Pay, to give consumers more mobile payment options.\nThe rule of 40\nDespite growing revenues, earnings per share (EPS) have been stagnant for the last few years. However, analysts expect full-year 2021 growth of 85% driven by the company's projected ''rule of 40'' milestone. ACI has chosen to measure its performance by this metric, as it is widely recognized by investors in the SaaS space.\nA company passes the rule of 40 test when its revenue growth rate and profit margin add up to 40% or more. It can be achieved in different ways: A revenue growth of 20% and a 20% earnings before interest, taxes, depreciation, and amortization (EBITDA) margin is the benchmark; but 40% revenue growth and a 0% EBITDA margin would also qualify.\nSaaS companies that maintain the rule of 40 typically attract higher earnings multiples in the market, indicating that investors favor them over their peers, which are growing the key metrics at a slower rate.\n\n\n\nMetric\n2019\n2020\nQ1 2021\n2021 Full-Year Estimate\n2022 Full-Year Estimate\n\n\n\n\nRevenue (millions)\n$1,258\n$1,294\n$285\n$1,330\n$1,400\n\n\nEarnings Per Share\n$0.57\n$0.62\n$0.15\n$1.15\n$1.28\n\n\n\nDATA SOURCE: COMPANY FILINGS, YAHOO! FINANCE\nFor the full-year 2020, ACI achieved a net adjusted EBITDA margin of 37% and revenue growth of 2.8%, so it was mere basis points away from achieving the rule of 40 milestone. It has projected it will reach it for the full year 2021; however, Q1 was a little sluggish, attributable to persistent COVID-related headwinds. It delivered an EBITDA margin of just 23%, and a revenue contraction of 2%. However, it's still early in the year, and ACI has guided for revenue to grow (sequentially) in Q2.\nGrowth this year could be driven by the merchants segment. Although it's the smallest for the company, with businesses reopening after COVID lockdowns, there is an opportunity for ACI to capture new customers. As it's really profitable (almost as profitable as the banking segment), it could also be a big contributor to blended EBITDA margins.\nA modest valuation\nFinancial services companies are typically given smaller valuations compared to companies in other sectors, like technology. With a $4.6 billion market cap, ACI Worldwide trades at just 3.5 times trailing 12-month revenue. But given its digital and technological focus, there is an opportunity for the company to prove itself to growth investors, and potentially attract a higher valuation by generating stronger operating performance..\nBy comparison, payments giant PayPal Holdings trades at 14.3 times trailing 12-month revenue, although it is growing much more quickly. PayPal does operate an entirely different business model, but it has similar goals, which involve facilitating instant transacting worldwide.\nThe rule of 40 could be the key to unlocking consistent earnings growth in the coming years as analysts are predicting. Revenue growth has been the main hurdle for ACI, and it will need to innovate to generate better results, whether organically or by acquisition. At Thursday's close, the stock was trading at pennies higher than where it opened the year, but that could change with improved results in the coming quarters.","news_type":1,"symbols_score_info":{"ACIW":0.9}},"isVote":1,"tweetType":1,"viewCount":1306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166538485,"gmtCreate":1624016629647,"gmtModify":1631891665864,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Make my comment trend!!&nbsp;","listText":"Make my comment trend!!&nbsp;","text":"Make my comment trend!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/166538485","repostId":"1133025835","repostType":4,"repost":{"id":"1133025835","kind":"news","pubTimestamp":1624015886,"share":"https://ttm.financial/m/news/1133025835?lang=&edition=full","pubTime":"2021-06-18 19:31","market":"us","language":"en","title":"Piper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy","url":"https://stock-news.laohu8.com/highlight/detail?id=1133025835","media":"cnbc","summary":"The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about","content":"<div>\n<p>The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according to Piper Sandler.\nThe...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Piper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy</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\">\nPiper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 19:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according to Piper Sandler.\nThe...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIIB":"渤健公司"},"source_url":"https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1133025835","content_text":"The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according to Piper Sandler.\nThe Food and Drug Administration’s approval of Aduhelm has been controversial, with multiple members of an FDA advisory committeeresigning in protestover the decision. There are concerns about the effectiveness of the treatment.\nPiper Sandler analyst Christopher Raymond said in a note to clients on Friday that he shared some of those concerns but that Aduhelm would still be a winner for Biogen’s business. Raymond upgraded the stock to overweight from neutral.\n“Despite our misgivings regarding FDA’s handling of the Aduhelm approval, we find two new data points too positive to ignore, and thus believe the path of least resistance on this stock is decidedly higher,” the note said.\nThose positive data points include a survey that shows strong demand and expected uptake for the drug, despite concerns about its effectiveness, and an expectation that Medicare and Medicaid will not significantly limit the available patient base for reimbursement, Piper Sandler said.\n“Combining this with what we see as a low-probability but still completely free call option that Biogen wins on appeal with the Tecfidera IP case, we think the stock is likely to go higher in the near term,” the note said.\nThe firm hiked its price target to $450 from $384, representing upside of 17% from where the stock closed on Thursday.","news_type":1,"symbols_score_info":{"BIIB":0.9}},"isVote":1,"tweetType":1,"viewCount":778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166852723,"gmtCreate":1624003710262,"gmtModify":1631891665876,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/166852723","repostId":"1176081814","repostType":4,"repost":{"id":"1176081814","kind":"news","pubTimestamp":1624002595,"share":"https://ttm.financial/m/news/1176081814?lang=&edition=full","pubTime":"2021-06-18 15:49","market":"us","language":"en","title":"AstraZeneca Vaccine Faces More Supply Hurdles, Now From Thailand","url":"https://stock-news.laohu8.com/highlight/detail?id=1176081814","media":"bloomberg","summary":"AstraZeneca Plc’s Covid-19 vaccine manufacturing partner in Southeast Asia has missed a delivery tar","content":"<p>AstraZeneca Plc’s Covid-19 vaccine manufacturing partner in Southeast Asia has missed a delivery target in Thailand and shipments to other countries in the region have been delayed, the latest setback for a shot that was meant to be the backbone of the global inoculation effort.</p>\n<p>Thailand was slated to receive and administer 6 million AstraZeneca vaccine doses in June but health authorities this week said they would be distributing only about 3.5 million of those shots this month. Pledging to still give out 6 million doses as planned, officials appear to be making up the shortfall with millions of shots from China’sSinovac Biotech Ltd.</p>\n<p>Shipments of shots made by Siam Bioscience -- AstraZeneca’s Bangkok-based partner, which has links to the Thai royal family -- to Malaysia and the Philippines have also been delayed, though both countries say they don’t expect to be waiting for too long.</p>\n<p>The situation comes on top of delivery problems at India’sSerum Institute of India Ltd., another AstraZeneca partner, which has left developing countries from Nepal to Rwanda short of shots that were promised through the World Health Organization-backed Covax program. Siam Bioscience is AstraZeneca’s sole Covid vaccine partner in Southeast Asia, a region that is trailing on inoculation and where the virus continues to flare, including in Thailand where infections have surged over the past two months.</p>\n<p>AstraZeneca declined to comment, while Siam BioScience didn’t respond to requests for comment.</p>\n<p>The Philippines now expects a batch of nearly 1.2 million AstraZeneca shots to be shipped from Thailand in mid-July rather than this month, though a government official saidthe initial delaywill not derail the country’s vaccination push. In Malaysia, authorities say they’re working to resolve the issues around the delivery schedule, which the government stated in May would see 610,000 doses arrive from Thailand in June and another 410,000 in July.</p>\n<p>AstraZeneca itself is also facing legal action from the European Union for a production shortfall, with the company only delivering 30 million doses to the bloc in the first quarter, compared with an original target of 120 million.</p>\n<p>Seeking Alternatives</p>\n<p>The Anglo-Swedish company, which partnered with the University of Oxford on the vaccine, received orders to supply as many as 3 billion doses worldwide before efficacy data came out last year, more than twice as many as any other first wave shot, data compiled by Bloomberg shows.</p>\n<p>While not exclusive to AstraZeneca, the various delays -- particularly out of India, which has banned the export of Covid vaccines -- have left dozens of countries that were counting on the shot desperate to find doses elsewhere, and undermined the company’s bid to supply the developing world.</p>\n<p>Now, countries are turning to alternatives, particularly shots developed by Chinese companies Sinovac and Sinopharm that recently received approval from the WHO. While they’re less effective than the Messenger RNA vaccines made by Pfizer Inc., BioNTech SE and Moderna Inc., these shots are easier to store and transport.</p>\n<p>Thailand, which aims to vaccinate70% of its populationby the end of this year, is also now allowing regional health authorities to extend the interval between Astrazeneca vaccine doses to 16 weeks, from 10 to 12 weeks previously, though officials say the move is to optimize the shot’s effectiveness and not for lack of supply.</p>\n<p>The country has alsoordered20 million doses of the Pfizer-BioNTech vaccine and isin talksfor 5 million doses of the single-shot Johnson &amp; Johnson vaccine as it continues to expect deliveries of the Astra shots from Siam Bioscience.</p>\n<p>New to Vaccine-making</p>\n<p>AstraZeneca’s vaccine is among the cheapest of the first round of Covid shots because the company said it wouldn’t take a profit, selling it at cost.</p>\n<p>But the lack of economic incentives could have constrained AstraZeneca and its manufacturing partners’ ability to get the supply chain in order, said Carlos Cordon, a professor of strategy and supply chain management at the Institute for Management Development in Lausanne, Switzerland.</p>\n<p>“The supply chain of the Astra vaccine is not an easy one and, logically, one would assume that there will be more than one source of supply to avoid bottlenecks,” Cordon said. “A little bit of an economic incentive would have certainly helped to make companies in the supply chain even eager to make higher production volumes.”</p>\n<p>AstraZeneca’s choice of Thai partner raised questions from the start. Unlike India’s Serum -- which was the world’s biggest vaccine maker before the pandemic -- and other Asia partners like South Korea’sSK Bioscience Co., Siam Bioscience is new to the vaccine-making business.</p>\n<p>The company was founded in 2009 as Thailand’s first domestic bio-pharmaceutical drugmaker by the father of the nation’s current King Maha Vajiralongkorn, to provide cheaper alternatives to imported drugs. It has also made Covid test kits.</p>\n<p>It’s set up by theCrown Property Bureau, an agency that managed assets for the palace no matter who sat on the throne. The company had been operating at a loss in the four years leadingup tothe year of pandemic, when it brought in anet profitof 35.8 million baht ($1.1 million), according to data published by the Department of Business Development.</p>\n<p>In February, Thai Prime Minister Prayuth Chan-Ocha said Siam Bioscience does not seek to profit from making the Astra vaccines.</p>\n<p>Royal Links</p>\n<p>Complicating matters is Thailand’s lese majeste law, which can see jail time ofup to15 years for defaming the royal family. Its sweeping mandate means that little is said publicly about Siam Bioscience, even as concerns over vaccine supplies grow.</p>\n<p>In January, Thai officialssaidthat Siam Bioscience would make 200 million doses each year. They haven’t spoken publicly again about the company in detail since.</p>\n<p>When former prime-ministerial candidate Thanathorn Juangroongruangkit suggested that Siam Bioscience’s royal ties played a role in its appointment as AstraZeneca’s partner, the high-profile government critic waschargedwith royal defamation.</p>\n<p>Prime Minister Prayuthapologizedthis week to the public for the delay, blaming “supply and distribution issues” without elaborating. Neither the Thai government nor Siam Bioscience responded to repeated requests for information on what is causing the supply shortfalls.</p>\n<p>One Thaihealthcareindustry veteran, who asked not to be identified for fear of legal repercussions, likened the situation with Siam Bioscience to a bakery that just started making bread.</p>\n<p>“They still haven’t perfected their craft,” he said. “None of us really knows their production capacity because they haven’t publicized it and we can’t criticize it. No one is willing to say. They can’t say it, because it’s Siam Bioscience.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AstraZeneca Vaccine Faces More Supply Hurdles, Now From Thailand</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\">\nAstraZeneca Vaccine Faces More Supply Hurdles, Now From Thailand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 15:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-18/astrazeneca-vaccine-faces-more-supply-hurdles-now-from-thailand?srnd=premium-asia><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AstraZeneca Plc’s Covid-19 vaccine manufacturing partner in Southeast Asia has missed a delivery target in Thailand and shipments to other countries in the region have been delayed, the latest setback...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-18/astrazeneca-vaccine-faces-more-supply-hurdles-now-from-thailand?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AZN":"阿斯利康"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-18/astrazeneca-vaccine-faces-more-supply-hurdles-now-from-thailand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176081814","content_text":"AstraZeneca Plc’s Covid-19 vaccine manufacturing partner in Southeast Asia has missed a delivery target in Thailand and shipments to other countries in the region have been delayed, the latest setback for a shot that was meant to be the backbone of the global inoculation effort.\nThailand was slated to receive and administer 6 million AstraZeneca vaccine doses in June but health authorities this week said they would be distributing only about 3.5 million of those shots this month. Pledging to still give out 6 million doses as planned, officials appear to be making up the shortfall with millions of shots from China’sSinovac Biotech Ltd.\nShipments of shots made by Siam Bioscience -- AstraZeneca’s Bangkok-based partner, which has links to the Thai royal family -- to Malaysia and the Philippines have also been delayed, though both countries say they don’t expect to be waiting for too long.\nThe situation comes on top of delivery problems at India’sSerum Institute of India Ltd., another AstraZeneca partner, which has left developing countries from Nepal to Rwanda short of shots that were promised through the World Health Organization-backed Covax program. Siam Bioscience is AstraZeneca’s sole Covid vaccine partner in Southeast Asia, a region that is trailing on inoculation and where the virus continues to flare, including in Thailand where infections have surged over the past two months.\nAstraZeneca declined to comment, while Siam BioScience didn’t respond to requests for comment.\nThe Philippines now expects a batch of nearly 1.2 million AstraZeneca shots to be shipped from Thailand in mid-July rather than this month, though a government official saidthe initial delaywill not derail the country’s vaccination push. In Malaysia, authorities say they’re working to resolve the issues around the delivery schedule, which the government stated in May would see 610,000 doses arrive from Thailand in June and another 410,000 in July.\nAstraZeneca itself is also facing legal action from the European Union for a production shortfall, with the company only delivering 30 million doses to the bloc in the first quarter, compared with an original target of 120 million.\nSeeking Alternatives\nThe Anglo-Swedish company, which partnered with the University of Oxford on the vaccine, received orders to supply as many as 3 billion doses worldwide before efficacy data came out last year, more than twice as many as any other first wave shot, data compiled by Bloomberg shows.\nWhile not exclusive to AstraZeneca, the various delays -- particularly out of India, which has banned the export of Covid vaccines -- have left dozens of countries that were counting on the shot desperate to find doses elsewhere, and undermined the company’s bid to supply the developing world.\nNow, countries are turning to alternatives, particularly shots developed by Chinese companies Sinovac and Sinopharm that recently received approval from the WHO. While they’re less effective than the Messenger RNA vaccines made by Pfizer Inc., BioNTech SE and Moderna Inc., these shots are easier to store and transport.\nThailand, which aims to vaccinate70% of its populationby the end of this year, is also now allowing regional health authorities to extend the interval between Astrazeneca vaccine doses to 16 weeks, from 10 to 12 weeks previously, though officials say the move is to optimize the shot’s effectiveness and not for lack of supply.\nThe country has alsoordered20 million doses of the Pfizer-BioNTech vaccine and isin talksfor 5 million doses of the single-shot Johnson & Johnson vaccine as it continues to expect deliveries of the Astra shots from Siam Bioscience.\nNew to Vaccine-making\nAstraZeneca’s vaccine is among the cheapest of the first round of Covid shots because the company said it wouldn’t take a profit, selling it at cost.\nBut the lack of economic incentives could have constrained AstraZeneca and its manufacturing partners’ ability to get the supply chain in order, said Carlos Cordon, a professor of strategy and supply chain management at the Institute for Management Development in Lausanne, Switzerland.\n“The supply chain of the Astra vaccine is not an easy one and, logically, one would assume that there will be more than one source of supply to avoid bottlenecks,” Cordon said. “A little bit of an economic incentive would have certainly helped to make companies in the supply chain even eager to make higher production volumes.”\nAstraZeneca’s choice of Thai partner raised questions from the start. Unlike India’s Serum -- which was the world’s biggest vaccine maker before the pandemic -- and other Asia partners like South Korea’sSK Bioscience Co., Siam Bioscience is new to the vaccine-making business.\nThe company was founded in 2009 as Thailand’s first domestic bio-pharmaceutical drugmaker by the father of the nation’s current King Maha Vajiralongkorn, to provide cheaper alternatives to imported drugs. It has also made Covid test kits.\nIt’s set up by theCrown Property Bureau, an agency that managed assets for the palace no matter who sat on the throne. The company had been operating at a loss in the four years leadingup tothe year of pandemic, when it brought in anet profitof 35.8 million baht ($1.1 million), according to data published by the Department of Business Development.\nIn February, Thai Prime Minister Prayuth Chan-Ocha said Siam Bioscience does not seek to profit from making the Astra vaccines.\nRoyal Links\nComplicating matters is Thailand’s lese majeste law, which can see jail time ofup to15 years for defaming the royal family. Its sweeping mandate means that little is said publicly about Siam Bioscience, even as concerns over vaccine supplies grow.\nIn January, Thai officialssaidthat Siam Bioscience would make 200 million doses each year. They haven’t spoken publicly again about the company in detail since.\nWhen former prime-ministerial candidate Thanathorn Juangroongruangkit suggested that Siam Bioscience’s royal ties played a role in its appointment as AstraZeneca’s partner, the high-profile government critic waschargedwith royal defamation.\nPrime Minister Prayuthapologizedthis week to the public for the delay, blaming “supply and distribution issues” without elaborating. Neither the Thai government nor Siam Bioscience responded to repeated requests for information on what is causing the supply shortfalls.\nOne Thaihealthcareindustry veteran, who asked not to be identified for fear of legal repercussions, likened the situation with Siam Bioscience to a bakery that just started making bread.\n“They still haven’t perfected their craft,” he said. “None of us really knows their production capacity because they haven’t publicized it and we can’t criticize it. No one is willing to say. They can’t say it, because it’s Siam Bioscience.”","news_type":1,"symbols_score_info":{"AZN":0.9}},"isVote":1,"tweetType":1,"viewCount":1209,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187191640,"gmtCreate":1623745339280,"gmtModify":1631891665889,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Lol&nbsp;","listText":"Lol&nbsp;","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/187191640","repostId":"1180935322","repostType":4,"repost":{"id":"1180935322","kind":"news","pubTimestamp":1623743595,"share":"https://ttm.financial/m/news/1180935322?lang=&edition=full","pubTime":"2021-06-15 15:53","market":"us","language":"en","title":"There’s a Big Divergence Developing in Inflation Expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1180935322","media":"Bloomberg","summary":"Older people who remember bouts of high inflation see much stronger price pressures ahead.","content":"<p>Inflation is always and everywhere a monetary phenomenon, according to Milton Friedman. It’s also a massively subjective experience.</p>\n<p>People might have different impressions of inflation depending on their own personal ‘baskets’ of recurrent items, but they can also have different concerns based on their personal history with&nbsp;price pressures. Those who lived through the 1970s, for instance, might be far more inclined to seeWeimar-esque hyperinflationlurking around the corner, while those who’ve never witnessed inflation hit 2% are far more sanguine.</p>\n<p>As&nbsp;Ulrike Malmendierand&nbsp;Stefan Nagelput it in their seminal 2016 paper examining how people actually form&nbsp;inflation expectations:</p>\n<blockquote>\n “Such learning from experience carries two central implications. First, expectations are history-dependent. Cohorts that have lived through periods of high inflation for a substantial amount of time have higher inflation expectations than individuals who have mostly experienced low inflation.\n</blockquote>\n<blockquote>\n Second, beliefs are heterogeneous. Young individuals place more weight on recent data than older individuals since recent experiences make up a larger part of their life-times so far. As a result, different generations tend to disagree about the future.”\n</blockquote>\n<p>That dynamic is now fully apparent, according to data from the New York Fed, with a schism now developing between younger survey respondents who expect inflation to hit 3.19% in a year,&nbsp;and an older generation who sees it getting close to 5% within the same time period.</p>\n<p>So while respondents across the spectrum of ages do see inflation trending higher,&nbsp;the olds expect a much higher rate than the youngs.</p>\n<p>Median one-year ahead expected inflation rate by age group</p>\n<p><img src=\"https://static.tigerbbs.com/29689a621effc70feb1657ffbfb870d9\" tg-width=\"648\" tg-height=\"303\">Now would be a good time to ask whether economic policy takes into account age-like schisms and whether the impression of higher inflation from those over 60 might be the latest thing for members of the FOMC to strip out of inflation data as transitory&nbsp;or otherwise ‘noisy.’</p>\n<p>It’s also worth mentioning&nbsp;that Malmendier’slatest workfocuses on central bankers’ own history with inflation, concluding that “personal lifetime experiences significantly affect the inflation forecasts, voting behavior, tone of speeches, and federal funds target rate decisions of FOMC members.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>There’s a Big Divergence Developing in Inflation Expectations</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\">\nThere’s a Big Divergence Developing in Inflation Expectations\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 15:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-15/there-s-a-big-divergence-developing-in-inflation-expectations><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Inflation is always and everywhere a monetary phenomenon, according to Milton Friedman. It’s also a massively subjective experience.\nPeople might have different impressions of inflation depending on ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-15/there-s-a-big-divergence-developing-in-inflation-expectations\">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","SPY":"标普500ETF"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-15/there-s-a-big-divergence-developing-in-inflation-expectations","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180935322","content_text":"Inflation is always and everywhere a monetary phenomenon, according to Milton Friedman. It’s also a massively subjective experience.\nPeople might have different impressions of inflation depending on their own personal ‘baskets’ of recurrent items, but they can also have different concerns based on their personal history with price pressures. Those who lived through the 1970s, for instance, might be far more inclined to seeWeimar-esque hyperinflationlurking around the corner, while those who’ve never witnessed inflation hit 2% are far more sanguine.\nAs Ulrike Malmendierand Stefan Nagelput it in their seminal 2016 paper examining how people actually form inflation expectations:\n\n “Such learning from experience carries two central implications. First, expectations are history-dependent. Cohorts that have lived through periods of high inflation for a substantial amount of time have higher inflation expectations than individuals who have mostly experienced low inflation.\n\n\n Second, beliefs are heterogeneous. Young individuals place more weight on recent data than older individuals since recent experiences make up a larger part of their life-times so far. As a result, different generations tend to disagree about the future.”\n\nThat dynamic is now fully apparent, according to data from the New York Fed, with a schism now developing between younger survey respondents who expect inflation to hit 3.19% in a year, and an older generation who sees it getting close to 5% within the same time period.\nSo while respondents across the spectrum of ages do see inflation trending higher, the olds expect a much higher rate than the youngs.\nMedian one-year ahead expected inflation rate by age group\nNow would be a good time to ask whether economic policy takes into account age-like schisms and whether the impression of higher inflation from those over 60 might be the latest thing for members of the FOMC to strip out of inflation data as transitory or otherwise ‘noisy.’\nIt’s also worth mentioning that Malmendier’slatest workfocuses on central bankers’ own history with inflation, concluding that “personal lifetime experiences significantly affect the inflation forecasts, voting behavior, tone of speeches, and federal funds target rate decisions of FOMC members.”","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182178408,"gmtCreate":1623560089904,"gmtModify":1631891665912,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/182178408","repostId":"2143788705","repostType":4,"isVote":1,"tweetType":1,"viewCount":453,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186853035,"gmtCreate":1623486504127,"gmtModify":1634032456626,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/186853035","repostId":"1133871419","repostType":4,"repost":{"id":"1133871419","kind":"news","pubTimestamp":1623469680,"share":"https://ttm.financial/m/news/1133871419?lang=&edition=full","pubTime":"2021-06-12 11:48","market":"us","language":"en","title":"Five Charts That Show How Much the Crypto Space Just Slowed Down","url":"https://stock-news.laohu8.com/highlight/detail?id=1133871419","media":"Bloomberg","summary":"There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last fe","content":"<p>There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in mood in the price, with steep drops in the price of Ethereum and Bitcoin over the last several weeks.</p>\n<p>But other metrics are in decline as well lately.&nbsp;Looking at&nbsp;the data dashboard published by the news and research site The Block, here are five other&nbsp;indicators of the recent market slowdown.</p>\n<p>First, exchange volumes have&nbsp;dropped precipitously in recent weeks after a massive surge to start the year.</p>\n<p><img src=\"https://static.tigerbbs.com/fdbb9505cb642bf015d4bf16cd0eb42a\" tg-width=\"800\" tg-height=\"319\" referrerpolicy=\"no-referrer\">Next, if you look at the premium in the futures market, that’s come in massively. People aren’t paying up as much for out-month Bitcoin futures on Binance as they were several weeks ago, signaling a more subdued vibe.</p>\n<p><img src=\"https://static.tigerbbs.com/26f80455b1f9a93763b717075afa1bf3\" tg-width=\"800\" tg-height=\"324\" referrerpolicy=\"no-referrer\">Photographer: The Block</p>\n<p>Trading in NFTs has come&nbsp;down (though it’s still a massively bigger space than it was last year.)</p>\n<p><img src=\"https://static.tigerbbs.com/f64ecd0cf2f897669aac0783ffa24fc6\" tg-width=\"800\" tg-height=\"319\" referrerpolicy=\"no-referrer\">The Block</p>\n<p>On social media, there's been a big drop in the new follower counts for big exchanges, which is a nice gauge of public interest in the space.</p>\n<p><img src=\"https://static.tigerbbs.com/83c6a1861a2e1903b1af47943d935e7c\" tg-width=\"800\" tg-height=\"322\" referrerpolicy=\"no-referrer\">The Block</p>\n<p>And finally, in the DeFi realm, you can see the revenue generated by various protocols having fallen off sharply, in line with the drop in trading that we see on traditional exchanges.</p>\n<p><img src=\"https://static.tigerbbs.com/c5edc226a824195b7c847942c657073e\" tg-width=\"800\" tg-height=\"325\" referrerpolicy=\"no-referrer\">The Block</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Charts That Show How Much the Crypto Space Just Slowed Down</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFive Charts That Show How Much the Crypto Space Just Slowed Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-12 11:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust ETF"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133871419","content_text":"There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in mood in the price, with steep drops in the price of Ethereum and Bitcoin over the last several weeks.\nBut other metrics are in decline as well lately. Looking at the data dashboard published by the news and research site The Block, here are five other indicators of the recent market slowdown.\nFirst, exchange volumes have dropped precipitously in recent weeks after a massive surge to start the year.\nNext, if you look at the premium in the futures market, that’s come in massively. People aren’t paying up as much for out-month Bitcoin futures on Binance as they were several weeks ago, signaling a more subdued vibe.\nPhotographer: The Block\nTrading in NFTs has come down (though it’s still a massively bigger space than it was last year.)\nThe Block\nOn social media, there's been a big drop in the new follower counts for big exchanges, which is a nice gauge of public interest in the space.\nThe Block\nAnd finally, in the DeFi realm, you can see the revenue generated by various protocols having fallen off sharply, in line with the drop in trading that we see on traditional exchanges.\nThe Block","news_type":1,"symbols_score_info":{"COIN":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":498,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181366290,"gmtCreate":1623374661610,"gmtModify":1634034047370,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181366290","repostId":"2142220946","repostType":4,"repost":{"id":"2142220946","kind":"news","pubTimestamp":1623370513,"share":"https://ttm.financial/m/news/2142220946?lang=&edition=full","pubTime":"2021-06-11 08:15","market":"us","language":"en","title":"Vertical Aerospace to go public in $2.2 billion SPAC deal","url":"https://stock-news.laohu8.com/highlight/detail?id=2142220946","media":"Reuters","summary":"(Reuters) -Vertical Aerospace, an electric vertical takeoff and landing aircraft (eVTOL) maker backe","content":"<p>(Reuters) -Vertical Aerospace, an electric vertical takeoff and landing aircraft (eVTOL) maker backed by investors such as American Airlines, will go public through a merger with a blank-check firm in a deal valued at $2.2 billion, the company said on Thursday.</p>\n<p>Vertical Aerospace said it has conditional pre-orders for up to $4 billion and 1,000 eVTOL aircraft, from aircraft lessor Avolon and American Airlines, and a pre-order option from Virgin Atlantic.</p>\n<p>\"If you think about transportation strategically this is the next big frontier,\" said Domhnal Slattery, chief executive of Avolon, the world's third-largest aircraft leasing company.</p>\n<p>Vertical Aerospace said it has also raised funds from other companies including Honeywell and Rolls-Royce.</p>\n<p>Vertical will be listed on the New York Stock Exchange under the ticker 'EVTL', following a deal with <a href=\"https://laohu8.com/S/BSN\">Broadstone Acquisition Corp</a>. The deal is expected to close in the second half of 2021.</p>","source":"yahoofinance","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>Vertical Aerospace to go public in $2.2 billion SPAC deal</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\">\nVertical Aerospace to go public in $2.2 billion SPAC deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 08:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/american-airlines-invest-electric-aircraft-204013237.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Vertical Aerospace, an electric vertical takeoff and landing aircraft (eVTOL) maker backed by investors such as American Airlines, will go public through a merger with a blank-check firm in...</p>\n\n<a href=\"https://finance.yahoo.com/news/american-airlines-invest-electric-aircraft-204013237.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAL":"美国航空"},"source_url":"https://finance.yahoo.com/news/american-airlines-invest-electric-aircraft-204013237.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2142220946","content_text":"(Reuters) -Vertical Aerospace, an electric vertical takeoff and landing aircraft (eVTOL) maker backed by investors such as American Airlines, will go public through a merger with a blank-check firm in a deal valued at $2.2 billion, the company said on Thursday.\nVertical Aerospace said it has conditional pre-orders for up to $4 billion and 1,000 eVTOL aircraft, from aircraft lessor Avolon and American Airlines, and a pre-order option from Virgin Atlantic.\n\"If you think about transportation strategically this is the next big frontier,\" said Domhnal Slattery, chief executive of Avolon, the world's third-largest aircraft leasing company.\nVertical Aerospace said it has also raised funds from other companies including Honeywell and Rolls-Royce.\nVertical will be listed on the New York Stock Exchange under the ticker 'EVTL', following a deal with Broadstone Acquisition Corp. The deal is expected to close in the second half of 2021.","news_type":1,"symbols_score_info":{"AAL":0.9}},"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181368835,"gmtCreate":1623374621327,"gmtModify":1634034047729,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181368835","repostId":"2142273487","repostType":4,"repost":{"id":"2142273487","kind":"news","pubTimestamp":1623373200,"share":"https://ttm.financial/m/news/2142273487?lang=&edition=full","pubTime":"2021-06-11 09:00","market":"us","language":"en","title":"Japan minister says he never asked adviser to contact Toshiba shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=2142273487","media":"StreetInsider","summary":"TOKYO (Reuters) - Japan trade and industry minister on Friday said he never directed an adviser to c","content":"<p>TOKYO (Reuters) - Japan trade and industry minister on Friday said he never directed an adviser to contact Toshiba Corp shareholders after a report alleging his ministry colluded with company executives to pressure stockholders to fall in line with its management plans.</p>\n<p>Japan's Ministry of Economy, Trade and Industry (METI) is examining the report and waiting for Toshiba to respond, Hiroshi Kajiyama said at a regular press briefing.</p>\n<p>The shareholder-commissioned report released on Thursday also alleges that Prime Minister Yoshihide Suga, when he was chief cabinet secretary last year, verbally encouraged that pressure during a meeting with a senior Toshiba executive.</p>\n<p>Suga, who left Japan yesterday for a meeting of G7 leaders in Britain, has denied that allegation.</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>Japan minister says he never asked adviser to contact Toshiba shareholders</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJapan minister says he never asked adviser to contact Toshiba shareholders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 09:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18548297><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TOKYO (Reuters) - Japan trade and industry minister on Friday said he never directed an adviser to contact Toshiba Corp shareholders after a report alleging his ministry colluded with company ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18548297\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TOSYY":"东芝"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18548297","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142273487","content_text":"TOKYO (Reuters) - Japan trade and industry minister on Friday said he never directed an adviser to contact Toshiba Corp shareholders after a report alleging his ministry colluded with company executives to pressure stockholders to fall in line with its management plans.\nJapan's Ministry of Economy, Trade and Industry (METI) is examining the report and waiting for Toshiba to respond, Hiroshi Kajiyama said at a regular press briefing.\nThe shareholder-commissioned report released on Thursday also alleges that Prime Minister Yoshihide Suga, when he was chief cabinet secretary last year, verbally encouraged that pressure during a meeting with a senior Toshiba executive.\nSuga, who left Japan yesterday for a meeting of G7 leaders in Britain, has denied that allegation.","news_type":1,"symbols_score_info":{"TOSYY":0.9}},"isVote":1,"tweetType":1,"viewCount":373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183372555,"gmtCreate":1623312124877,"gmtModify":1634034697067,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183372555","repostId":"1145405384","repostType":4,"repost":{"id":"1145405384","kind":"news","pubTimestamp":1623311195,"share":"https://ttm.financial/m/news/1145405384?lang=&edition=full","pubTime":"2021-06-10 15:46","market":"us","language":"en","title":"Why One Bank Thinks ESG Could Trigger Hyperinflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1145405384","media":"zerohedge","summary":"In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser disc","content":"<p>In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.</p>\n<p>As Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significant<i>positive</i>supply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,<b>resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.</b></p>\n<p><img src=\"https://static.tigerbbs.com/a506eed4b33e73391548c06fb0c26164\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p>\n<p>Well not anymore,<b>because ESG is unwinding the shale oil revolution.</b>As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.</p>\n<p><img src=\"https://static.tigerbbs.com/e9ca397d4dc8887948badc33be1b0354\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p>\n<p>Similarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.</p>\n<p>As Yared summarizes, \"<b>ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"</b>This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.&nbsp; Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.</p>\n<p>To be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"<i><b>ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years</b></i><i>.</i>\"</p>\n<p>Commenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be&nbsp; harder to get oil out of the ground.<b>Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG</b>.\"</p>\n<p>So in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.</p>\n<p>Which in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...</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>Why One Bank Thinks ESG Could Trigger Hyperinflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Bank Thinks ESG Could Trigger Hyperinflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 15:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145405384","content_text":"In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.\nAs Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significantpositivesupply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.\n\nWell not anymore,because ESG is unwinding the shale oil revolution.As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.\n\nSimilarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.\nAs Yared summarizes, \"ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.  Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.\nTo be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years.\"\nCommenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be  harder to get oil out of the ground.Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG.\"\nSo in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.\nWhich in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189003302,"gmtCreate":1623230179206,"gmtModify":1634035577196,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/189003302","repostId":"2142290449","repostType":4,"repost":{"id":"2142290449","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623228640,"share":"https://ttm.financial/m/news/2142290449?lang=&edition=full","pubTime":"2021-06-09 16:50","market":"sh","language":"en","title":"Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2142290449","media":"Reuters","summary":"DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $","content":"<p>DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco&nbsp;is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.</p>\n<p>The debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.</p>\n<p>Initial price guidance was around 105 basis points (bps) over U.S. Treasuries <a href=\"https://laohu8.com/S/UST\">$(UST)$</a> for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.</p>\n<p>Aramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.</p>\n<p>The company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.</p>\n<p>Aramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.</p>\n<p>A source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.</p>\n<p>Active bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International&nbsp;and Dubai Islamic Bank.</p>\n<p>(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)</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>Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - 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\">\nSaudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-09 16:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco&nbsp;is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.</p>\n<p>The debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.</p>\n<p>Initial price guidance was around 105 basis points (bps) over U.S. Treasuries <a href=\"https://laohu8.com/S/UST\">$(UST)$</a> for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.</p>\n<p>Aramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.</p>\n<p>The company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.</p>\n<p>Aramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.</p>\n<p>A source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.</p>\n<p>Active bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International&nbsp;and Dubai Islamic Bank.</p>\n<p>(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MS":"摩根士丹利","GS":"高盛","JPM":"摩根大通","C":"花旗"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142290449","content_text":"DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.\nThe debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.\nInitial price guidance was around 105 basis points (bps) over U.S. Treasuries $(UST)$ for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.\nAramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.\nThe company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.\nAramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.\nA source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.\nActive bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International and Dubai Islamic Bank.\n(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)","news_type":1,"symbols_score_info":{"C":0.9,"GS":0.9,"JPM":0.9,"MS":0.9}},"isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117626766,"gmtCreate":1623139557355,"gmtModify":1634036538880,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/117626766","repostId":"1155272608","repostType":4,"repost":{"id":"1155272608","kind":"news","pubTimestamp":1623138670,"share":"https://ttm.financial/m/news/1155272608?lang=&edition=full","pubTime":"2021-06-08 15:51","market":"us","language":"en","title":"EV Stocks: What You Should Buy and What You Should Sell","url":"https://stock-news.laohu8.com/highlight/detail?id=1155272608","media":"InvestorPlace","summary":"TSLA stock is a buy, but there's an EV stock you should consider selling.This is the first of a week","content":"<blockquote><b>TSLA stock is a buy, but there's an EV stock you should consider selling.</b></blockquote><p>This is the first of a weekly investing series focused on thematic Buy/Sell recommendations. This week, I’ll look atelectric vehicle (EV) stocks. First, I’ll explain why you should buy&nbsp;<b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) stock. After, I’ll take an even deeper dive into one of the EV companies you really should consider selling now.</p><p><b>EV Stocks to Buy: TSLA Stock</b></p><p><b>Tesla is a lot like Apple. It’s not a car… it’s a platform.</b></p><p>As a $580billion company, Tesla’s valuation now eclipses<b>Walmart</b>(NYSE:<b><u>WMT</u></b>).Yet, the EV leader shipped only 500,000 electric vehicles (EVs) last year, followed by<b>Volkswagen</b>(OTCMKTS:<b><u>VWAGY</u></b>)at 212,000. The EV market is in its<i>infancy.</i>But Tesla should dominate this space for a decade or more. There’s one key reason why this is true: it’s not just a car, it’s a platform.</p><p>From its inception, Tesla has always been a Big Tech company. Elon Musk built Tesla based around a vision of the car as an ecosystem, much like<b>Apple</b>(NASDAQ:<b><u>AAPL</u></b>)&nbsp;built its insanely popular tech products. The result: Tesla has beautiful cars. Other EV makers may<i>eventually</i>deliver beautiful cars too. But no other EV maker has a combination of both the physical network (charging stations)<i>and</i>the software.</p><p>Now, Tesla is layering on services: autonomous driving, gaming and more. By owning an end-to-end network, Tesla has control over thevehicle data that will enable self-driving cars and the transition to vehicle-as-a-service instead of vehicle-as-a-product.</p><p>Knowledge is power. And that’s a great reason to bet on TSLA over other EV stocks now.</p><p><b>It’s entering the only safe haven for traditional automakers</b></p><p>For the most part, Tesla isn’t competing with other EV makers. It’s competing withtraditional automakers in a $5 trillion global auto market. Using history as a guide, the threat is real. Since Tesla’s 2017 entry into the EV sedan with the Model S, every traditional automaker has either abandoned the sedan market — e.g.,<b>Ford</b>(NYSE:<b><u>F</u></b>) and<b>General Motors</b>(NYSE:<b><u>GM</u></b>) — or de-emphasized it. Instead, they’ve focused on the crossover, SUV, and pickup truck markets.</p><p>Now, Tesla is moving into the traditional automaker’s safe place. TheCybertruckis expected to launch sometime in 2022. As Tesla moves into those markets over the next two years, the traditional automakers will get hit hardest. Over the last year, Audi, Jaguar and Porsche haveadded new EV modelsintended to cut into Tesla’s electric dominance. But they have barely made a dent, at least in the United States. Sales of the Jaguar I-Pace, an electric sport utility vehicle similar to the Tesla Model Y, have totaled just over 1,000 this year. Porsche has reported similar sales for its electric sedan, the Taycan.</p><p><b>Bottom Line on Tesla</b></p><p>However, at 65x EBITDA, TSLA stock isn’t cheap.</p><p>But as the bellwether of the EV space, with a potential 15% CAGR over the next 5 years, investors should expect the stock to continue to trade at a premium. Withthe global chip squeeze likely to continue to overhang valuations,look tobuy the stock on weakness.</p><p><b>EV Stocks to Sell: CHPT Stock</b></p><p><b>CHPT has the largest network of charging stations, but that’s not enough.</b></p><p><b>ChargePoint</b>(NYSE:<b><u>CHPT</u></b>) operates the largest network of independently owned EV charging stations in the world, consisting of 114,000 charging stations in 14 countries. The company was formed in aSPAC merger with Switchback Energy Acquisitionin March.CHPT makes money by selling charging stations, mostly to commercial customers and servicing those stations. Its revenue mix is a combination of 1) SaaS (software-as-a-service) subscriptions to its chargingnetwork (34% of sales); and 2) the physical charging stations themselves (66% of Q1 sales).</p><p><b>CHPT has a low-margin business, even</b><b><i>before</i></b><b>competition kicks in.</b></p><p>Despite a capital-light business model (commercial customers pay the majority of the costs to install the company’s EV charging stations), and an almost 100% attach rate for software subscriptions, margins on CHPT’s&nbsp;subscription-based software are only 50%.As a comparison, most subscription-based business models deliver gross margins in the 80%+ range. At the same time, margins on the company’s hardware are almost non-existent (5% in F2020). Combining the two segments, the business as a whole generates a very lowblended gross margin of23%. Management hopes to grow its subscription business as a percentage of total sales, which should help drive operating leverage and gross margin expansion. That said, the company’s gross margin forecast of 40% in 2024 (a doubling from current levels) looks aggressive.</p><p><b>There are also plenty of new entrants to consider.</b></p><p>The charging station network sector is already crowded, with competition from other pure-plays like<b>Blink Charging</b>(NASDAQ:<b><u>BLNK</u></b>), competition from carmakers and competition from energy giants like<b>BP</b>(NYSE:<b><u>BP</u></b>) and<b>Shell</b>(NYSE:<b><u>RDS.A</u></b>, NYSE:<b><u>RDS.B</u></b>). There are also several new SPACs about to hit the public markets:</p><ul><li>Volta Chargingwith<b>Tortoise Acquisition II</b>(NYSE:<b>SNPR</b>)</li><li>EVgowith<b>Climate Change Crisis Real Impact I Acquisition</b>(NYSE:<b>CLII</b>)</li><li>EVBoxwith<b>TPG Pace Beneficial Finance</b>(NYSE:<b>TPGY</b>)</li></ul><p><b>ChargePoint has an aggressive growth forecast, but a challenge looms.</b></p><p>In F2021, ChargePoint generated revenue of $144.5 million.F2022 guidance calls for revenue of $195-$205 million (+38% YoY). The company’s long-term forecast looks very aggressive, calling for60% compound annual growth for the next seven years, which implies $2 billion in revenue by 2027.</p><p>However, there’s an issue with CHPT’s growth projections (and it’s part of what makes it a less appealing play among EV stocks). Despite it having the largest charging station infrastructure today, CHPT’s charging stations are designed to handle a 240-volt charge. These can take eight hours or more to charge. While that’s fine for short-distances, the big issue for EV charging is “range anxiety,” the ability to support long-distance travel. For long distances, EV charging stations require at least 480 volts, which allows for a fast charge in under an hour.</p><p>On the other hand,Tesla,which operates the second largest charging network, supplies 480-volt power. Tesla operates roughly 25,000 fast charging stations. In contrast CHPT only has about 1,500 fast charging units today.</p><p><b>Tesla has already outmaneuvered the market with a platform advantage.</b></p><p>CHPT’s lagging 480-volt numbers are only part of the problem. Tesla figured out the range anxiety issue long ago. Despite having only sold a few thousand cars in its early years, it built out a massive charging network to address this issue immediately. Today, anyone who buys a Tesla doesn’t need to worry much about charging.They can drive their Tesla’s for long distances in full confidence that they will find convenient locations to recharge.</p><p>By building a proprietary platform, Tesla locked-in two sides of the market: the installed base of cars<i>and</i>the network of charging stations. Because Tesla owns the charging network, it can choose how to price (whether to make charging free and monetize only the car), the number of stations, rollout timing and location. Tesla can also optimize its charging network for where its buyers are located and where they drive. Furthermore, the company&nbsp;is also investing in its own proprietary battery technology to deliver superior charging.Theoretically, a Tesla vehicle can achieve a max charge rate of 250kW at a V3 supercharger, or up to 200 miles in 15 minutes.</p><p>In contrast, both traditional automakers<i>and</i>new EV startups focused their investments on trying to build better electric cars. With the exception of newcomer Rivian (who hasn’t shipped an EV yet), the rest of the market is partnering for its charging stations.General Motorsis partnering with EVgo; Ford is working with Greenlots and Electrify America, and Stellantis NV is also partnering with Electrify America.<b>Lucid Motors</b>(NYSE:<b><u>CCIV</u></b>) (which also hasn’t shipped an EV yet) will use Volkswagen’s Electrify America network.</p><p>That means anyone looking to purchase an EV alternative to Tesla has to consider the car<i>and</i>the charging network. As a result, there’s no EV supplier who comes close to Tesla in volume and cost.</p><p><b>Bottom Line on ChargePoint</b></p><p>CHPT stock trades at a rich 40 times forward sales for a low margin business facing intensifying competition, aggressive growth forecasts and ultimately a limited addressable market. All of these factors make it one of the less appealing EV stocks to consider today.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stocks: What You Should Buy and What You Should Sell</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\">\nEV Stocks: What You Should Buy and What You Should Sell\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 15:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/ev-stocks-what-you-should-buy-and-what-you-should-sell-chpt-tsla-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>TSLA stock is a buy, but there's an EV stock you should consider selling.This is the first of a weekly investing series focused on thematic Buy/Sell recommendations. This week, I’ll look atelectric ...</p>\n\n<a href=\"https://investorplace.com/2021/06/ev-stocks-what-you-should-buy-and-what-you-should-sell-chpt-tsla-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","CHPT":"ChargePoint Holdings Inc."},"source_url":"https://investorplace.com/2021/06/ev-stocks-what-you-should-buy-and-what-you-should-sell-chpt-tsla-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155272608","content_text":"TSLA stock is a buy, but there's an EV stock you should consider selling.This is the first of a weekly investing series focused on thematic Buy/Sell recommendations. This week, I’ll look atelectric vehicle (EV) stocks. First, I’ll explain why you should buy Tesla(NASDAQ:TSLA) stock. After, I’ll take an even deeper dive into one of the EV companies you really should consider selling now.EV Stocks to Buy: TSLA StockTesla is a lot like Apple. It’s not a car… it’s a platform.As a $580billion company, Tesla’s valuation now eclipsesWalmart(NYSE:WMT).Yet, the EV leader shipped only 500,000 electric vehicles (EVs) last year, followed byVolkswagen(OTCMKTS:VWAGY)at 212,000. The EV market is in itsinfancy.But Tesla should dominate this space for a decade or more. There’s one key reason why this is true: it’s not just a car, it’s a platform.From its inception, Tesla has always been a Big Tech company. Elon Musk built Tesla based around a vision of the car as an ecosystem, much likeApple(NASDAQ:AAPL) built its insanely popular tech products. The result: Tesla has beautiful cars. Other EV makers mayeventuallydeliver beautiful cars too. But no other EV maker has a combination of both the physical network (charging stations)andthe software.Now, Tesla is layering on services: autonomous driving, gaming and more. By owning an end-to-end network, Tesla has control over thevehicle data that will enable self-driving cars and the transition to vehicle-as-a-service instead of vehicle-as-a-product.Knowledge is power. And that’s a great reason to bet on TSLA over other EV stocks now.It’s entering the only safe haven for traditional automakersFor the most part, Tesla isn’t competing with other EV makers. It’s competing withtraditional automakers in a $5 trillion global auto market. Using history as a guide, the threat is real. Since Tesla’s 2017 entry into the EV sedan with the Model S, every traditional automaker has either abandoned the sedan market — e.g.,Ford(NYSE:F) andGeneral Motors(NYSE:GM) — or de-emphasized it. Instead, they’ve focused on the crossover, SUV, and pickup truck markets.Now, Tesla is moving into the traditional automaker’s safe place. TheCybertruckis expected to launch sometime in 2022. As Tesla moves into those markets over the next two years, the traditional automakers will get hit hardest. Over the last year, Audi, Jaguar and Porsche haveadded new EV modelsintended to cut into Tesla’s electric dominance. But they have barely made a dent, at least in the United States. Sales of the Jaguar I-Pace, an electric sport utility vehicle similar to the Tesla Model Y, have totaled just over 1,000 this year. Porsche has reported similar sales for its electric sedan, the Taycan.Bottom Line on TeslaHowever, at 65x EBITDA, TSLA stock isn’t cheap.But as the bellwether of the EV space, with a potential 15% CAGR over the next 5 years, investors should expect the stock to continue to trade at a premium. Withthe global chip squeeze likely to continue to overhang valuations,look tobuy the stock on weakness.EV Stocks to Sell: CHPT StockCHPT has the largest network of charging stations, but that’s not enough.ChargePoint(NYSE:CHPT) operates the largest network of independently owned EV charging stations in the world, consisting of 114,000 charging stations in 14 countries. The company was formed in aSPAC merger with Switchback Energy Acquisitionin March.CHPT makes money by selling charging stations, mostly to commercial customers and servicing those stations. Its revenue mix is a combination of 1) SaaS (software-as-a-service) subscriptions to its chargingnetwork (34% of sales); and 2) the physical charging stations themselves (66% of Q1 sales).CHPT has a low-margin business, evenbeforecompetition kicks in.Despite a capital-light business model (commercial customers pay the majority of the costs to install the company’s EV charging stations), and an almost 100% attach rate for software subscriptions, margins on CHPT’s subscription-based software are only 50%.As a comparison, most subscription-based business models deliver gross margins in the 80%+ range. At the same time, margins on the company’s hardware are almost non-existent (5% in F2020). Combining the two segments, the business as a whole generates a very lowblended gross margin of23%. Management hopes to grow its subscription business as a percentage of total sales, which should help drive operating leverage and gross margin expansion. That said, the company’s gross margin forecast of 40% in 2024 (a doubling from current levels) looks aggressive.There are also plenty of new entrants to consider.The charging station network sector is already crowded, with competition from other pure-plays likeBlink Charging(NASDAQ:BLNK), competition from carmakers and competition from energy giants likeBP(NYSE:BP) andShell(NYSE:RDS.A, NYSE:RDS.B). There are also several new SPACs about to hit the public markets:Volta ChargingwithTortoise Acquisition II(NYSE:SNPR)EVgowithClimate Change Crisis Real Impact I Acquisition(NYSE:CLII)EVBoxwithTPG Pace Beneficial Finance(NYSE:TPGY)ChargePoint has an aggressive growth forecast, but a challenge looms.In F2021, ChargePoint generated revenue of $144.5 million.F2022 guidance calls for revenue of $195-$205 million (+38% YoY). The company’s long-term forecast looks very aggressive, calling for60% compound annual growth for the next seven years, which implies $2 billion in revenue by 2027.However, there’s an issue with CHPT’s growth projections (and it’s part of what makes it a less appealing play among EV stocks). Despite it having the largest charging station infrastructure today, CHPT’s charging stations are designed to handle a 240-volt charge. These can take eight hours or more to charge. While that’s fine for short-distances, the big issue for EV charging is “range anxiety,” the ability to support long-distance travel. For long distances, EV charging stations require at least 480 volts, which allows for a fast charge in under an hour.On the other hand,Tesla,which operates the second largest charging network, supplies 480-volt power. Tesla operates roughly 25,000 fast charging stations. In contrast CHPT only has about 1,500 fast charging units today.Tesla has already outmaneuvered the market with a platform advantage.CHPT’s lagging 480-volt numbers are only part of the problem. Tesla figured out the range anxiety issue long ago. Despite having only sold a few thousand cars in its early years, it built out a massive charging network to address this issue immediately. Today, anyone who buys a Tesla doesn’t need to worry much about charging.They can drive their Tesla’s for long distances in full confidence that they will find convenient locations to recharge.By building a proprietary platform, Tesla locked-in two sides of the market: the installed base of carsandthe network of charging stations. Because Tesla owns the charging network, it can choose how to price (whether to make charging free and monetize only the car), the number of stations, rollout timing and location. Tesla can also optimize its charging network for where its buyers are located and where they drive. Furthermore, the company is also investing in its own proprietary battery technology to deliver superior charging.Theoretically, a Tesla vehicle can achieve a max charge rate of 250kW at a V3 supercharger, or up to 200 miles in 15 minutes.In contrast, both traditional automakersandnew EV startups focused their investments on trying to build better electric cars. With the exception of newcomer Rivian (who hasn’t shipped an EV yet), the rest of the market is partnering for its charging stations.General Motorsis partnering with EVgo; Ford is working with Greenlots and Electrify America, and Stellantis NV is also partnering with Electrify America.Lucid Motors(NYSE:CCIV) (which also hasn’t shipped an EV yet) will use Volkswagen’s Electrify America network.That means anyone looking to purchase an EV alternative to Tesla has to consider the carandthe charging network. As a result, there’s no EV supplier who comes close to Tesla in volume and cost.Bottom Line on ChargePointCHPT stock trades at a rich 40 times forward sales for a low margin business facing intensifying competition, aggressive growth forecasts and ultimately a limited addressable market. All of these factors make it one of the less appealing EV stocks to consider today.","news_type":1,"symbols_score_info":{"CHPT":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114253711,"gmtCreate":1623076604733,"gmtModify":1634037202757,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/114253711","repostId":"1184606456","repostType":4,"isVote":1,"tweetType":1,"viewCount":787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112557214,"gmtCreate":1622891879038,"gmtModify":1634097033122,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/112557214","repostId":"1160563289","repostType":4,"repost":{"id":"1160563289","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622864224,"share":"https://ttm.financial/m/news/1160563289?lang=&edition=full","pubTime":"2021-06-05 11:37","market":"us","language":"en","title":"FTSE Russell removed GameStop from the small-cap index","url":"https://stock-news.laohu8.com/highlight/detail?id=1160563289","media":"Tiger Newspress","summary":"FTSE Russell removed GameStop from the small-cap index, with Tesla and JPMorgan among the top 10 in ","content":"<p>FTSE Russell removed GameStop from the small-cap index, with Tesla and JPMorgan among the top 10 in the Russell U.S. index.</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>FTSE Russell removed GameStop from the small-cap index</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFTSE Russell removed GameStop from the small-cap index\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-05 11:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>FTSE Russell removed GameStop from the small-cap index, with Tesla and JPMorgan among the top 10 in the Russell U.S. index.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","TSLA":"特斯拉","IWM":"罗素2000指数ETF","JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160563289","content_text":"FTSE Russell removed GameStop from the small-cap index, with Tesla and JPMorgan among the top 10 in the Russell U.S. index.","news_type":1,"symbols_score_info":{"GME":0.9,"IWM":0.9,"JPM":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":118632231,"gmtCreate":1622729864623,"gmtModify":1634098638572,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/118632231","repostId":"1101826394","repostType":4,"isVote":1,"tweetType":1,"viewCount":414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":174705991,"gmtCreate":1627135294213,"gmtModify":1631891665792,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":29,"repostSize":0,"link":"https://laohu8.com/post/174705991","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://ttm.financial/m/news/1112927800?lang=&edition=full","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p>\n<ul>\n <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>\n <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>\n <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p>\n<p><b>NIO And TSLA Stock Prices</b></p>\n<p>Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p>\n<p><b>Is NIO Similar To Tesla?</b></p>\n<p>The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p>\n<p><b>Business Model</b></p>\n<p>Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p>\n<p>Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p>\n<p><b>Size, growth, and valuation</b></p>\n<p>The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p>\n<p>Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p>\n<p>The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p>\n<p>Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p>\n<p><b>Can NIO Be Worth As Much As Tesla?</b></p>\n<p>The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p>\n<p>When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p>\n<p>It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p>\n<p><b>Is NIO A Good Stock To Buy Or Sell Now?</b></p>\n<p>When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p>\n<p>One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</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>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks</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\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-24 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly ...</p>\n\n<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"NIO":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1224,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158343410,"gmtCreate":1625131905530,"gmtModify":1631891665803,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":9,"repostSize":0,"link":"https://laohu8.com/post/158343410","repostId":"1147837933","repostType":4,"repost":{"id":"1147837933","kind":"news","pubTimestamp":1625131631,"share":"https://ttm.financial/m/news/1147837933?lang=&edition=full","pubTime":"2021-07-01 17:27","market":"us","language":"en","title":"Marathon Digital: Growth Outlook Keeps Us Bullish","url":"https://stock-news.laohu8.com/highlight/detail?id=1147837933","media":"seekingalpha","summary":"Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>U.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.</li>\n <li>Chinese ban on bitcoin mining means Marathon has gained market share within the global network hash rate from existing capacity as a boost to revenue.</li>\n <li>We go through our 2021 and 2022 revenue forecast models.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/521d280742426e8c512ffd2852424595\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>adventtr/iStock via Getty Images</span></p>\n<p>Marathon Digital Holdings, Inc.(NASDAQ:MARA)has emerged as one of the most exciting stocks in the market with an industry-leading crypto mining strategy. Indeed, even considering the recent volatility in Bitcoin (BTC-USD), shares of MARA are still up nearly 200% year-to-date, highlighted by its strong growth outlook. June was a milestone month for the company which reported mining 227 bitcoins in May, implying an annual revenue run rate approaching $100 million, which is set to accelerate towards $500 million by the end of the year as more mining capacity comes online. We are bullish on the stock which is well-positioned to continue generating strong returns with a positive long-term outlook.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2706fbc6fc04481b09be757b13d33622\" tg-width=\"640\" tg-height=\"228\"><span>(Seeking Alpha)</span></p>\n<p><b>A Massive Growth Story</b></p>\n<p>The key to understanding Marathon Digital is to put aside the recent financial statements and last annual report which are simply ancient history at this point. The attraction here is the company's evolution over the next several months in 2022. Marathon is on track to be the largest publicly-traded mining company in terms of production capacity, which offers several advantages from scale and strategic opportunities.</p>\n<p>There are a lot of misconceptions regarding bitcoin miners but the reality is that the business is profitable and generates real cash flows. The current consensus estimates for MARA suggest an outlook for $202 million in revenue and an EPS of $1.90 this year. For 2022, the outlook is for revenue to reach $511 million with EPS climbing towards $2.68. We believe these estimates are too low even assuming a constant bitcoin price of $35,000 through next year which we discuss in our model below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5c93435592d8575a8214e66fb47d77f\" tg-width=\"640\" tg-height=\"246\"><span>(Seeking Alpha)</span></p>\n<p>Either way, there are a few stocks in the market trading at a 1-year forward P/E multiple of 11.3x with this type of growth visibility. It's also worth noting, Marathon has no debt and over $350 million in cash and bitcoin on its balance sheet. Getting past the regulatory concerns and environmental pushback against bitcoin mining that has pressured sentiment towards the industry, there's a lot of reasons to be bullish here.</p>\n<p><b>How Does Marathon Digital Make Money?</b></p>\n<p>As a recap, the business model here is relatively simple. Marathon Digital acquires specialized computer hardware equipment built for mining bitcoin. The setup is installed in a data center and integrated into a system that continuously works to solve the bitcoin blockchain code to earn the network reward as the core mining process.</p>\n<p>Approximately every 10 minutes, the global bitcoin network awards a block of 6.25 BTC as a protocol to the decentralized system. Over the course of a year, approximately 52,560 blocks are awarded on the network meaning 328,500 BTC are mined. At a current market price of $35,000, the \"addressable market\" bitcoin miners are attempting to capture is $11.5 billion in newly minted bitcoins per year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efe8e7872bd316f7453b6fca3b163af2\" tg-width=\"640\" tg-height=\"341\"><span>(source:Marathon Digital)</span></p>\n<p>Over the past year, Marathon has invested over $257 million in orders for mining rigs including what was a game-changing $170 million purchase in late December of 2002 for 70,000 'Antminer S19' machines from 'Bitmain Technologies Inc'. These are recognized as top-of-the-line with specifications that show they can generate a market-leading hash rate to power consumption ratio which means they are more profitable to run than nearly any other existing equipment on the market.</p>\n<p>The advantage here from Marathon is that the company stepped into the front of the line for the industry as Bitmain's largest customer selling out production through 2021. Other bitcoin miners are having to wait or acquire less efficient models from other manufacturers. Once fully deployed by Q1 2022, the expectation is that MARA's full mining fleet will consist of 103,120 miners, generating 10.37 EH/s (or 10,370 PH/s as a different denomination of standard hashing computation power). Mara reports and updates on its schedule of mining machine deployments with the projected hash rate increase over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8aec6d445e8f8f7769b8a0dcd9167992\" tg-width=\"640\" tg-height=\"318\"><span>(source:company IR)</span></p>\n<p>The hash rate is an important metric which we use to extrapolate the company's future revenue potential as a function of the market price of bitcoin against the company's share of the global network. So when we look at that 10.37 EH/s hash rate number, this translates into a production capacity in terms of the number of bitcoins the company is expected to generate on a daily and monthly basis.</p>\n<p><b>A Windfall As Chinese Mining Goes Offline</b></p>\n<p>The trend over the last decade since the inception of bitcoin has been a steady climb higher in the network hash rate or difficult with more resources and equipment allocated towards mining considering the profitability potential. This means that each company's mining capacity is expected to be diluted over time as more processing power works to solve the blockchain code.</p>\n<p>That said, a curious development has emerged which we see as a windfall of Marathon Digital. In June, China took a hard line towards bitcoin mining, with an&nbsp;outright ban&nbsp;in several regions including Xinjiang, Inner Mongolia, Sichuan, and Yunnan citing the excess electrical power consumption on the country's infrastructure. It was previously estimated that Chinese miners represented upwards of 75% of the global bitcoin mining production which had been attracted by low electricity rates.</p>\n<p>The result of the ban has been a collapse of the network hash rate which has now declined to the lowest level going back to 2019. Compared to a peak bitcoin network hash rate of 198.5 EH/s, the current level as of June 28th at 86.2 EH/s is down nearly 60%. Again, this is independent of the bitcoin price and simply reflects the Chinese miners going offline and thus no longer contributing to the network processing power.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8071914f0f30e00397e7eec97b210c4\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p>\n<p>The upside for Marathon and other bitcoin miners outside of China is that their existing hash rate capacity captures a higher share of the network reward. Compared to the 1.9 EH/s Marathon reported at the end of May which represented approximately 1.2% of the global total, that same hash rate now totals 2.2% based on the latest network figure. In other words, Marathon is mining nearly double the number of bitcoins without the Chinese miners on the network based on current hash rate figures.</p>\n<p>The implication here is huge. Even as the price of bitcoin has declined from an average of $47,200 in May to the current $35,000, the company is actually generating more revenue. With a concrete example, the company reported mining 227 bitcoins in May representing approximately $10.7 million in revenue. Based on the latest network hash rate and using Marathon's May capacity at 1.9 EH/s, the company can now mine upwards of 600 bitcoin over the entire month. This translates into $21.1 million in revenue, up nearly 100% from May at the current market price of bitcoin.</p>\n<p>To be clear, the lost Chinese capacity is not necessarily removed permanently, but simply that there is an expectation that the production will have to shift into other countries that maintain a more neutral regulatory approach towards bitcoin mining including the U.S. We expect the network hash rate level to begin stabilizing from the current low but not return to peak levels through at least 2022 considering the logistical challenges of Chinese miners moving their operations and securing the necessary data centers and power supplies.</p>\n<p><b>Our Updated Revenue Model For Marathon</b></p>\n<p>In a previous article, we presented a&nbsp;revenue model&nbsp;for Marathon using a constant bitcoin price of $55,000 and a network hash rate projection that continuously climbed through 2022. The bitcoin correction since May along with the decline in the network difficulty now warrants an update.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b9db5d71d9b870e9ce4d71fa74e6ab4\" tg-width=\"640\" tg-height=\"648\"><span>(source: author)</span></p>\n<p>Using the company's schedule of mining machine deliveries, we are assuming a flat BTC price of $35,000 through 2022 as a base case while forecasting the bitcoin network difficulty climbs back towards 150 EH/s by year-end 2021 and ends 2022 around 275 EH/s. This is down from our previous estimate of 220 EH/s and 310 EH/s each year respectively given the disruption to global mining out of China.</p>\n<p>We forecast Marathon Digital to reach $218.1 million in revenue this year by mining 5,968 bitcoins. Considering the company's current market cap of $3.2 billion, our revenue forecast implies a forward P/S ratio of 14.7x. The number to really focus on is going to be 2022 when Marathon expects to have fully deployed all its announced purchases by February. At that point, with our network hash rate projection, Marathon may be mining upwards of 1,611 bitcoin that month, generating $56.4 million in revenue, representing an annual run rate of $677 million. By this measure, the stock's current 1-year forward price to sales multiple of just 4.7x appears very reasonable.</p>\n<p>The reason we are estimating a higher revenue number for 2022 compared to the market consensus of $511 million is because of our expectation that Marathon will continue to add mining capacity beyond what has already been announced. Adding 5,000 new machines per month on average between March and December of 2022 would allow the company to maintain its global hash rate share above 5.5%. Longer-term, the company just needs to stay ahead of the global network hash rate increases by adding new equipment.</p>\n<p>The framework above here allows different scenarios to be modeled. Playing around with the numbers, a more bearish forecast with a BTC price of $20,000 would lead to at least $375 million in annual revenue by next year. To the upside, $1 billion in annual revenue by next year is on the table if BTC climbs back to $55,000.</p>\n<p>In terms of earnings, Marathon has previously offered an expected average all-in mining cost of approximately $4,541 per bitcoin. By this measure, at a bitcoin price of $35,000, the gross mining profit is $30,459 with the margin scale as bitcoin appreciates. Compared to the 2022 consensus EPS of $2.68, which represents approximately $270 million in adjusted net income, we are forecasting 2022 EPS closer to $3.50 per share based on our higher revenue outlook considering. Overall, while there are still some questions as to how expenses will evolve over the coming quarters as the operation scales, the path to profitability is clear with positive cash flows this year.</p>\n<p><b>Is MARA a Buy?</b></p>\n<p>There is a good case to be made that Marathon has a very positive outlook based on its production growth. The expectation of reaching 10.3 EH/s is the largest hash rate capacity any publicly traded miner has announced.</p>\n<p>For context, Riot Blockchain, Inc.(NASDAQ:RIOT)only anticipates having&nbsp;7.7 EH/s capacity&nbsp;by the end of 2022, even as the company with a market cap of $3.6 billion trades at a premium to MARA at $3.2 billion. Separately, while MARA currently holds 5,518 BTC on its balance sheet, RIOT's holding is smaller at 2,000. One explanation for RIOT's higher valuation is the company's recent acquisition of \"Whinstone US\", the largest Bitcoin hosting facility in North America, which diversifies RIOT's business beyond mining into data services supporting other miners. We still believe the advantage on the production side from MARA is more attractive. We'll cover RIOT in more detail in a future article.</p>\n<p>The other side to the equation comes down to the uncertainty over the price of bitcoin. At the end of the day, Marathon and other bitcoin miners are going to need the price of bitcoin to rally higher and sustain positive long-term momentum as part of the bullish case. If you believe bitcoin is going to crash lower and head to zero, then certainly Marathon Digital would not succeed.</p>\n<p>While the trading action in bitcoin has been difficult in recent months, investors should be encouraged that the price has a positive gain year to date, and holding the $30,000 level which appears to be a strong level of technical support. Amid all the negative headlines regarding bitcoin's environmental concerns and higher regulatory scrutiny around the world, the market appears to be resilient with a potential bottom forming with bulls stepping in.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3239ec620c5cc20f1ede3e4711b3cedf\" tg-width=\"640\" tg-height=\"256\"><span>(source: finviz)</span></p>\n<p>This consolidation pattern sets up a rebound higher as sentiment slowly improves over time. In our view, the long-term thesis for cryptocurrencies in general as a new asset class and alternative to fiat currencies remains in place. The appeal of its potential as a payment method and store of value will continue to support demand.</p>\n<p><b>Final Thoughts</b></p>\n<p>We rate shares of MARA as a buy with a price target for the year ahead at $50 representing a market cap of $5 billion and a 7.6x price to sales multiple on our 2022 revenue forecast. The insight we offer is that the recent decline in the network hash rate from Chinese miners going offline has helped balance out the 55% drop in the price of BTC from the all-time high. Marathon Digital is mining an increasing amount of bitcoin which translates into significant revenue and earnings potential even at the current market price. The upside can be significantly higher in a scenario where the price of bitcoin regains positive momentum and rebounds higher.</p>\n<p>Considering the ongoing extreme volatility in the price of bitcoin, we have to keep Marathon in a high-risk and otherwise speculative category. This won't be a straight line higher or lower. Investors interested in Mara should only consider a small position in the context of a diversified portfolio and we always recommend averaging into trades over days and weeks to secure a lower cost basis.</p>\n<p>Recognizing the company will remain cash flow positive even at a significantly lower market price of bitcoin from current levels, any downside from here would pressure sentiment and force a reassessment of the long-term earnings outlook. Furthermore, any type of concerted government effort to limit bitcoin mining operations in the U.S. or delegitimize its use as a financial instrument would be bearish and pressure the market value lower. These are important risks to be aware of.</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>Marathon Digital: Growth Outlook Keeps Us Bullish</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\">\nMarathon Digital: Growth Outlook Keeps Us Bullish\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 17:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.\nChinese ban on bitcoin mining means Marathon has gained market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"MARA Holdings"},"source_url":"https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147837933","content_text":"Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.\nChinese ban on bitcoin mining means Marathon has gained market share within the global network hash rate from existing capacity as a boost to revenue.\nWe go through our 2021 and 2022 revenue forecast models.\n\nadventtr/iStock via Getty Images\nMarathon Digital Holdings, Inc.(NASDAQ:MARA)has emerged as one of the most exciting stocks in the market with an industry-leading crypto mining strategy. Indeed, even considering the recent volatility in Bitcoin (BTC-USD), shares of MARA are still up nearly 200% year-to-date, highlighted by its strong growth outlook. June was a milestone month for the company which reported mining 227 bitcoins in May, implying an annual revenue run rate approaching $100 million, which is set to accelerate towards $500 million by the end of the year as more mining capacity comes online. We are bullish on the stock which is well-positioned to continue generating strong returns with a positive long-term outlook.\n(Seeking Alpha)\nA Massive Growth Story\nThe key to understanding Marathon Digital is to put aside the recent financial statements and last annual report which are simply ancient history at this point. The attraction here is the company's evolution over the next several months in 2022. Marathon is on track to be the largest publicly-traded mining company in terms of production capacity, which offers several advantages from scale and strategic opportunities.\nThere are a lot of misconceptions regarding bitcoin miners but the reality is that the business is profitable and generates real cash flows. The current consensus estimates for MARA suggest an outlook for $202 million in revenue and an EPS of $1.90 this year. For 2022, the outlook is for revenue to reach $511 million with EPS climbing towards $2.68. We believe these estimates are too low even assuming a constant bitcoin price of $35,000 through next year which we discuss in our model below.\n(Seeking Alpha)\nEither way, there are a few stocks in the market trading at a 1-year forward P/E multiple of 11.3x with this type of growth visibility. It's also worth noting, Marathon has no debt and over $350 million in cash and bitcoin on its balance sheet. Getting past the regulatory concerns and environmental pushback against bitcoin mining that has pressured sentiment towards the industry, there's a lot of reasons to be bullish here.\nHow Does Marathon Digital Make Money?\nAs a recap, the business model here is relatively simple. Marathon Digital acquires specialized computer hardware equipment built for mining bitcoin. The setup is installed in a data center and integrated into a system that continuously works to solve the bitcoin blockchain code to earn the network reward as the core mining process.\nApproximately every 10 minutes, the global bitcoin network awards a block of 6.25 BTC as a protocol to the decentralized system. Over the course of a year, approximately 52,560 blocks are awarded on the network meaning 328,500 BTC are mined. At a current market price of $35,000, the \"addressable market\" bitcoin miners are attempting to capture is $11.5 billion in newly minted bitcoins per year.\n(source:Marathon Digital)\nOver the past year, Marathon has invested over $257 million in orders for mining rigs including what was a game-changing $170 million purchase in late December of 2002 for 70,000 'Antminer S19' machines from 'Bitmain Technologies Inc'. These are recognized as top-of-the-line with specifications that show they can generate a market-leading hash rate to power consumption ratio which means they are more profitable to run than nearly any other existing equipment on the market.\nThe advantage here from Marathon is that the company stepped into the front of the line for the industry as Bitmain's largest customer selling out production through 2021. Other bitcoin miners are having to wait or acquire less efficient models from other manufacturers. Once fully deployed by Q1 2022, the expectation is that MARA's full mining fleet will consist of 103,120 miners, generating 10.37 EH/s (or 10,370 PH/s as a different denomination of standard hashing computation power). Mara reports and updates on its schedule of mining machine deployments with the projected hash rate increase over time.\n(source:company IR)\nThe hash rate is an important metric which we use to extrapolate the company's future revenue potential as a function of the market price of bitcoin against the company's share of the global network. So when we look at that 10.37 EH/s hash rate number, this translates into a production capacity in terms of the number of bitcoins the company is expected to generate on a daily and monthly basis.\nA Windfall As Chinese Mining Goes Offline\nThe trend over the last decade since the inception of bitcoin has been a steady climb higher in the network hash rate or difficult with more resources and equipment allocated towards mining considering the profitability potential. This means that each company's mining capacity is expected to be diluted over time as more processing power works to solve the blockchain code.\nThat said, a curious development has emerged which we see as a windfall of Marathon Digital. In June, China took a hard line towards bitcoin mining, with an outright ban in several regions including Xinjiang, Inner Mongolia, Sichuan, and Yunnan citing the excess electrical power consumption on the country's infrastructure. It was previously estimated that Chinese miners represented upwards of 75% of the global bitcoin mining production which had been attracted by low electricity rates.\nThe result of the ban has been a collapse of the network hash rate which has now declined to the lowest level going back to 2019. Compared to a peak bitcoin network hash rate of 198.5 EH/s, the current level as of June 28th at 86.2 EH/s is down nearly 60%. Again, this is independent of the bitcoin price and simply reflects the Chinese miners going offline and thus no longer contributing to the network processing power.\nData by YCharts\nThe upside for Marathon and other bitcoin miners outside of China is that their existing hash rate capacity captures a higher share of the network reward. Compared to the 1.9 EH/s Marathon reported at the end of May which represented approximately 1.2% of the global total, that same hash rate now totals 2.2% based on the latest network figure. In other words, Marathon is mining nearly double the number of bitcoins without the Chinese miners on the network based on current hash rate figures.\nThe implication here is huge. Even as the price of bitcoin has declined from an average of $47,200 in May to the current $35,000, the company is actually generating more revenue. With a concrete example, the company reported mining 227 bitcoins in May representing approximately $10.7 million in revenue. Based on the latest network hash rate and using Marathon's May capacity at 1.9 EH/s, the company can now mine upwards of 600 bitcoin over the entire month. This translates into $21.1 million in revenue, up nearly 100% from May at the current market price of bitcoin.\nTo be clear, the lost Chinese capacity is not necessarily removed permanently, but simply that there is an expectation that the production will have to shift into other countries that maintain a more neutral regulatory approach towards bitcoin mining including the U.S. We expect the network hash rate level to begin stabilizing from the current low but not return to peak levels through at least 2022 considering the logistical challenges of Chinese miners moving their operations and securing the necessary data centers and power supplies.\nOur Updated Revenue Model For Marathon\nIn a previous article, we presented a revenue model for Marathon using a constant bitcoin price of $55,000 and a network hash rate projection that continuously climbed through 2022. The bitcoin correction since May along with the decline in the network difficulty now warrants an update.\n(source: author)\nUsing the company's schedule of mining machine deliveries, we are assuming a flat BTC price of $35,000 through 2022 as a base case while forecasting the bitcoin network difficulty climbs back towards 150 EH/s by year-end 2021 and ends 2022 around 275 EH/s. This is down from our previous estimate of 220 EH/s and 310 EH/s each year respectively given the disruption to global mining out of China.\nWe forecast Marathon Digital to reach $218.1 million in revenue this year by mining 5,968 bitcoins. Considering the company's current market cap of $3.2 billion, our revenue forecast implies a forward P/S ratio of 14.7x. The number to really focus on is going to be 2022 when Marathon expects to have fully deployed all its announced purchases by February. At that point, with our network hash rate projection, Marathon may be mining upwards of 1,611 bitcoin that month, generating $56.4 million in revenue, representing an annual run rate of $677 million. By this measure, the stock's current 1-year forward price to sales multiple of just 4.7x appears very reasonable.\nThe reason we are estimating a higher revenue number for 2022 compared to the market consensus of $511 million is because of our expectation that Marathon will continue to add mining capacity beyond what has already been announced. Adding 5,000 new machines per month on average between March and December of 2022 would allow the company to maintain its global hash rate share above 5.5%. Longer-term, the company just needs to stay ahead of the global network hash rate increases by adding new equipment.\nThe framework above here allows different scenarios to be modeled. Playing around with the numbers, a more bearish forecast with a BTC price of $20,000 would lead to at least $375 million in annual revenue by next year. To the upside, $1 billion in annual revenue by next year is on the table if BTC climbs back to $55,000.\nIn terms of earnings, Marathon has previously offered an expected average all-in mining cost of approximately $4,541 per bitcoin. By this measure, at a bitcoin price of $35,000, the gross mining profit is $30,459 with the margin scale as bitcoin appreciates. Compared to the 2022 consensus EPS of $2.68, which represents approximately $270 million in adjusted net income, we are forecasting 2022 EPS closer to $3.50 per share based on our higher revenue outlook considering. Overall, while there are still some questions as to how expenses will evolve over the coming quarters as the operation scales, the path to profitability is clear with positive cash flows this year.\nIs MARA a Buy?\nThere is a good case to be made that Marathon has a very positive outlook based on its production growth. The expectation of reaching 10.3 EH/s is the largest hash rate capacity any publicly traded miner has announced.\nFor context, Riot Blockchain, Inc.(NASDAQ:RIOT)only anticipates having 7.7 EH/s capacity by the end of 2022, even as the company with a market cap of $3.6 billion trades at a premium to MARA at $3.2 billion. Separately, while MARA currently holds 5,518 BTC on its balance sheet, RIOT's holding is smaller at 2,000. One explanation for RIOT's higher valuation is the company's recent acquisition of \"Whinstone US\", the largest Bitcoin hosting facility in North America, which diversifies RIOT's business beyond mining into data services supporting other miners. We still believe the advantage on the production side from MARA is more attractive. We'll cover RIOT in more detail in a future article.\nThe other side to the equation comes down to the uncertainty over the price of bitcoin. At the end of the day, Marathon and other bitcoin miners are going to need the price of bitcoin to rally higher and sustain positive long-term momentum as part of the bullish case. If you believe bitcoin is going to crash lower and head to zero, then certainly Marathon Digital would not succeed.\nWhile the trading action in bitcoin has been difficult in recent months, investors should be encouraged that the price has a positive gain year to date, and holding the $30,000 level which appears to be a strong level of technical support. Amid all the negative headlines regarding bitcoin's environmental concerns and higher regulatory scrutiny around the world, the market appears to be resilient with a potential bottom forming with bulls stepping in.\n(source: finviz)\nThis consolidation pattern sets up a rebound higher as sentiment slowly improves over time. In our view, the long-term thesis for cryptocurrencies in general as a new asset class and alternative to fiat currencies remains in place. The appeal of its potential as a payment method and store of value will continue to support demand.\nFinal Thoughts\nWe rate shares of MARA as a buy with a price target for the year ahead at $50 representing a market cap of $5 billion and a 7.6x price to sales multiple on our 2022 revenue forecast. The insight we offer is that the recent decline in the network hash rate from Chinese miners going offline has helped balance out the 55% drop in the price of BTC from the all-time high. Marathon Digital is mining an increasing amount of bitcoin which translates into significant revenue and earnings potential even at the current market price. The upside can be significantly higher in a scenario where the price of bitcoin regains positive momentum and rebounds higher.\nConsidering the ongoing extreme volatility in the price of bitcoin, we have to keep Marathon in a high-risk and otherwise speculative category. This won't be a straight line higher or lower. Investors interested in Mara should only consider a small position in the context of a diversified portfolio and we always recommend averaging into trades over days and weeks to secure a lower cost basis.\nRecognizing the company will remain cash flow positive even at a significantly lower market price of bitcoin from current levels, any downside from here would pressure sentiment and force a reassessment of the long-term earnings outlook. Furthermore, any type of concerted government effort to limit bitcoin mining operations in the U.S. or delegitimize its use as a financial instrument would be bearish and pressure the market value lower. These are important risks to be aware of.","news_type":1,"symbols_score_info":{"MARA":0.9}},"isVote":1,"tweetType":1,"viewCount":1872,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346456973,"gmtCreate":1618105622492,"gmtModify":1634294896589,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/346456973","repostId":"1142324412","repostType":4,"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197026598,"gmtCreate":1621412340214,"gmtModify":1634189356581,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/197026598","repostId":"1158638540","repostType":4,"repost":{"id":"1158638540","kind":"news","pubTimestamp":1621409180,"share":"https://ttm.financial/m/news/1158638540?lang=&edition=full","pubTime":"2021-05-19 15:26","market":"us","language":"en","title":"4 Things to Know Ahead of the Squarespace’s Direct Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1158638540","media":"Barrons","summary":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.The company offers various tools for website creation, including domains, e-comme","content":"<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.</p>\n<p>Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.</p>\n<p>The company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.</p>\n<p>Squarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in&nbsp;its filing with the Securities and Exchange Commission.</p>\n<p>The company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.</p>\n<p><b>Growing Revenue, Shrinking Profits</b></p>\n<p>Squarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.</p>\n<p>The company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.</p>\n<p>About 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.</p>\n<p>Squarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.</p>\n<p>Despite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.</p>\n<p><b>Competition Aplenty</b></p>\n<p>The company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like&nbsp;Wix.com&nbsp;(ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse&nbsp;Shopify&nbsp;(ticker: SHOP),&nbsp;which lets businesses set up online shops.</p>\n<p>Squarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.</p>\n<p>Jefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.</p>\n<p><b>On the Menu</b></p>\n<p>SquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.</p>\n<p>This part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.</p>\n<p>“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash&nbsp;(DASH) and&nbsp;Grubhub&nbsp;(GRUB),&nbsp;along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.</p>\n<p>At the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.</p>\n<p><b>Marketing Bucks</b></p>\n<p>Squarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.</p>\n<p>The company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”</p>\n<p>Among its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Things to Know Ahead of the Squarespace’s Direct Listing</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\">\n4 Things to Know Ahead of the Squarespace’s Direct Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue ...</p>\n\n<a href=\"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQSP":"Squarespace Inc."},"source_url":"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158638540","content_text":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.\nNow Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.\nThe company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.\nSquarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in its filing with the Securities and Exchange Commission.\nThe company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.\nGrowing Revenue, Shrinking Profits\nSquarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.\nThe company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.\nAbout 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.\nSquarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.\nDespite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.\nCompetition Aplenty\nThe company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like Wix.com (ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse Shopify (ticker: SHOP), which lets businesses set up online shops.\nSquarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.\nJefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.\nOn the Menu\nSquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.\nThis part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.\n“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash (DASH) and Grubhub (GRUB), along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.\nAt the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.\nMarketing Bucks\nSquarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.\nThe company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”\nAmong its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.","news_type":1,"symbols_score_info":{"SQSP":0.9}},"isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382409724,"gmtCreate":1613471512068,"gmtModify":1634553545768,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/382409724","repostId":"1108705396","repostType":4,"repost":{"id":"1108705396","kind":"news","pubTimestamp":1613469786,"share":"https://ttm.financial/m/news/1108705396?lang=&edition=full","pubTime":"2021-02-16 18:03","market":"us","language":"en","title":"With Biden going big, Wall Street economists are growing bullish on the US economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1108705396","media":"CNN Business","summary":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a doubl","content":"<p><b>New York (CNN Business)&nbsp;</b>The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington&nbsp;and millions of families were about to&nbsp;lose crucial benefits.</p>\n<p>Fast forward two months, and the&nbsp;economy is still struggling-- but confidence in the recovery is growing, rapidly.</p>\n<p>Economists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.</p>\n<p>The renewed optimism is being driven by two major factors: the&nbsp;health crisis is easing&nbsp;and Uncle Sam is&nbsp;coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.</p>\n<p>After supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.</p>\n<p>\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.</p>\n<p>The turning point happened last month&nbsp;when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for&nbsp;President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.</p>\n<p><b>'Summer mini-boom'</b></p>\n<p>Before the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a&nbsp;forecast by Treasury Secretary Janet Yellen.</p>\n<p>\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.</p>\n<p>Oxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.</p>\n<p>Likewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"</p>\n<p>\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.</p>\n<p>Indeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.</p>\n<p>The rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.</p>\n<p><b>Double-dip recession averted</b></p>\n<p>The Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.</p>\n<p>For months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.</p>\n<p>At the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.</p>\n<p>\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.</p>\n<p>Slammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States&nbsp;added just 49,000 jobs in January.</p>\n<p>Jobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.</p>\n<p><b>Vaccines to the rescue</b></p>\n<p>But there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.</p>\n<p>Critically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.</p>\n<p>And Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday&nbsp;that the United States may be able to vaccinate most Americans by the middle or end of summer.</p>\n<p>All of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.</p>\n<p>That's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants&nbsp;force US states and cities to once again tighten health restrictions.</p>\n<p><b>Low-wage workers are still hurting badly</b></p>\n<p>Against this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.</p>\n<p>\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"</p>\n<p>Doing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.</p>\n<p>Employment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.</p>\n<p>\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.</p>\n<p>However, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.</p>\n<p>\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.</p>\n<p><b>'Bring it on'</b></p>\n<p>Some economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington&nbsp;overheats the economy by injecting too much support.</p>\n<p>\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.</p>\n<p>And that in turn would spook the&nbsp;red-hot stock market.</p>\n<p>Fed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.</p>\n<p>Citing \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.</p>\n<p>Zandi isn't losing sleep over inflation, mostly because the United States is far from full employment.</p>\n<p>\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"</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>With Biden going big, Wall Street economists are growing bullish on the US economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWith Biden going big, Wall Street economists are growing bullish on the US economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 18:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and ...</p>\n\n<a href=\"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html\">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",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108705396","content_text":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and millions of families were about to lose crucial benefits.\nFast forward two months, and the economy is still struggling-- but confidence in the recovery is growing, rapidly.\nEconomists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.\nThe renewed optimism is being driven by two major factors: the health crisis is easing and Uncle Sam is coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.\nAfter supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.\n\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.\nThe turning point happened last month when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.\n'Summer mini-boom'\nBefore the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a forecast by Treasury Secretary Janet Yellen.\n\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.\nOxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.\nLikewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"\n\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.\nIndeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.\nThe rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.\nDouble-dip recession averted\nThe Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.\nFor months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.\nAt the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.\n\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.\nSlammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States added just 49,000 jobs in January.\nJobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.\nVaccines to the rescue\nBut there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.\nCritically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.\nAnd Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday that the United States may be able to vaccinate most Americans by the middle or end of summer.\nAll of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.\nThat's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants force US states and cities to once again tighten health restrictions.\nLow-wage workers are still hurting badly\nAgainst this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.\n\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"\nDoing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.\nEmployment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.\n\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.\nHowever, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.\n\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.\n'Bring it on'\nSome economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington overheats the economy by injecting too much support.\n\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.\nAnd that in turn would spook the red-hot stock market.\nFed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.\nCiting \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.\nZandi isn't losing sleep over inflation, mostly because the United States is far from full employment.\n\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389284645,"gmtCreate":1612778160187,"gmtModify":1703764870666,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/389284645","repostId":"1126813487","repostType":4,"repost":{"id":"1126813487","kind":"news","pubTimestamp":1612776380,"share":"https://ttm.financial/m/news/1126813487?lang=&edition=full","pubTime":"2021-02-08 17:26","market":"us","language":"en","title":"Moderna Gets Added to Southeast Asia’s Vaccine Arsenal","url":"https://stock-news.laohu8.com/highlight/detail?id=1126813487","media":"Bloomberg","summary":"Moderna Inc. won approval from Singapore for its Covid vaccine and signed a deal to sell doses to th","content":"<p>Moderna Inc. won approval from Singapore for its Covid vaccine and signed a deal to sell doses to the Philippines, becoming the fourth supplier to get regulatory clearance in Southeast Asia.</p>\n<p>Shots by&nbsp;AstraZeneca Plc,Pfizer Inc.-BioNTech SEandSinovac Biotech Ltd.have also been approved by at least one country in the region as inoculations roll out. China and India are giving somefreevaccines to countries like the Philippines, Myanmar and Cambodia.</p>\n<p>Indonesia, Southeast Asia’s biggest and most populous economy,startedits coronavirus vaccination program on Jan. 13, with President Joko Widodo taking thefirst Sinovac jab. More than 784,000 people have received their first dose.</p>\n<p>Wealthier but smaller Singapore -- the first in Southeast Asia to start an official Covid-19 vaccination program -- began inoculatinghealthcareworkers with the Pfizer shot on Dec. 30 and has given the first shot to more than 175,000 people since then. Its prime minister got his first dose on Jan. 8 and has also received his second shot.</p>\n<p>Strategies are evolving across the region as different supply deals are sealed. In the Philippines, President Rodrigo Duterte has said he will take a Russian or Chinese vaccine, but his government’s first approval was for the Pfizer shot.</p>\n<p>Indonesia, which is battling the worst outbreak in Southeast Asia, ended 2020 by switching up who’s on its priority list for shots -- focusing on the elderly first instead of the young as previously announced. It was the earliest in the region to receive a vaccine shipment with a Sinovac supply in December.</p>\n<p>Some countries are also involved in vaccine development and manufacturing, a testament to the variety of strategies employed by Southeast Asian nations. Here’s how the region of more than 650 million people is dealing with differing fiscal, demographic and distribution challenges in their vaccination efforts.</p>\n<p>INDONESIA</p>\n<p>STRATEGY:</p>\n<p>Indonesia seeks to vaccinate 181.5 million people -- about two-thirds of the population -- by March 2022 and President Widodo has called on the cabinet to complete the program by end-2021.</p>\n<p>The nation expects its vaccination program to cost more than 73 trillion rupiah ($5.2 billion). It plans to be able to vaccinate 16 million people a month; the initial phase of inoculations will target more than 1.5 million health workers by the end of February.</p>\n<p>The country will offerfree vaccinesto people. With about 13,000 community health centers and 9,000 hospitals across the country, the government said it will be able to complete its targeted vaccination to achieve mass immunity.</p>\n<ul>\n <li>The world’s fourth most populous nation is banking on both Western and Chinese vaccines, ordering 125.5 million doses from Sinovac, 50 million fromAstraZenecaand another 50 million fromNovavax Inc., while developing 57.6 million of its own Merah Putih</li>\n <li>It is set to get as many as 23.1 million AstraZeneca doses from the GAVI alliance, after requesting 108 million free doses from the global vaccine facility</li>\n <li>Talks are also on with Pfizer for 50 million doses and loaned cold storage facilities for the vaccine</li>\n</ul>\n<p>TIMELINE:</p>\n<p>January, 2021: Sinovac</p>\n<p>(More than 784,000 people have received their first dose.)</p>\n<ul>\n <li>President Widodo got his first dose of the Sinovac shot on Jan. 13 along with public and army representatives, which kicked off Indonesia’s inoculation program</li>\n <li>More than 784,000 people have received their first dose as of Feb. 7, with over 139,000 of them completing their second shot</li>\n <li>China’s Sinovac Biotech shipped 3 million doses of vaccines to the country in December; the local food and drug regulator approved them for emergency use in January, and has since also given the nod for its use among theelderly</li>\n <li>Even before the regulator’s approval, the government started distributing the vaccines to its 34 provinces spread across the world’s largest archipelago</li>\n <li>Sinovac has shipped raw material for 55 million doses to be manufactured by Indonesia’s PT Bio Farma so far. The state firm aims to produce 24 million doses a month</li>\n <li>Bio Farma plans to also produce shots for other countries through the Coalition for Epidemic Preparedness Innovations as early as the fourth quarter, according to Indonesia’s state-owned enterprises ministry. Bio Farma will produce 100 million doses a year for CEPI.</li>\n</ul>\n<p>March, 2021: AstraZeneca</p>\n<ul>\n <li>Indonesia willreceivean initial allocation of between 13.7 million and 23.1 million shots of the AstraZeneca vaccine in the first half through the global Covax initiative</li>\n <li>The vaccines will arrive in stages, with 25%-35% by March and the remainder in the second quarter, according to the government. The shots can be used once the WHO approves the AstraZeneca inoculation for emergency use</li>\n <li>Under a separate deal with the company directly, Indonesia will also get the AstraZeneca vaccines delivered in stages starting from as early as April through the first quarter of 2022. The deal also includes the option for the country to purchase an additional 50 million doses.</li>\n</ul>\n<p>MALAYSIA</p>\n<p>STRATEGY:</p>\n<p>Malaysia is spending $504 million to buy enough shots to cover 26.5 million people, or about 80% of its population. It will start vaccinations from February, according to Prime Minister Muhyiddin Yassin. The government aims to get as many people inoculated within a year of getting the first batch of vaccines in February, Science Minister Khairy Jamaluddin said mid-January.</p>\n<p>The first phase of vaccinations, which will begin by end of February and last until April, will focus on inoculating 500,000 frontline workers, followed by the elderly and high-risk groups between April and August. The third leg will run from May through February 2022 for thoseaged18 and above, the prime minister has said.</p>\n<p>The country will have a “slight extra”stockpileof vaccines as only those 18 years old and above will be inoculated. The excess vaccines will be administered to migrant workers, expatriates, and non-Malaysian residents, the cost of which must be borne by their employers.</p>\n<p>Pfizer vaccines will probably be administered to those in urban areas due to the need for ultra-cold storage, while AstraZeneca vaccines will be deployed to rural areas.</p>\n<ul>\n <li>Malaysia hassecured12.8 million doses of the AstraZeneca vaccine through the Covax facility and directly, enough to inoculate 20% of the country’s population, according to the government</li>\n <li>The country has secured 25 million doses of the Pfizer-BioNTech vaccine, enough to cover 39% of the population</li>\n <li>It has also signed agreements for 12 million doses of China’s Sinovac andup to6.4 million doses of Russia’s Sputnik V vaccine</li>\n <li>Solution Group Bhd.signeda deal to supply the Malaysian government with 3.5 million doses of the Recombinant Ad5-nCoV coronavirus vaccine jointly developed by China’sCanSino Biologics Inc.and Beijing Institute of Biotechnology under the Academy of Military Medical Sciences. The purchase is subject to Solution obtaining product registration and market authorization of the vaccine in the country by April</li>\n <li>The government has also been in talks with Moderna and Johnson &amp; Johnson, according to officials</li>\n <li>Malaysia was due to conduct its first vaccine trial involving 3,000 volunteers in late January. It would be a phase-III trial on a vaccine candidate developed by the Institute of Medical Biology Chinese Academy of Medical Sciences</li>\n <li>Malaysia signed an agreement with China inOctoberto be given priority access to Covid-19 vaccines that China develops.</li>\n</ul>\n<p>TIMELINE:</p>\n<p>February, 2021: Pfizer</p>\n<ul>\n <li>The government secured 12.8 million doses from Pfizer-BioNTech SEin a deal signed in late 2020. The country in January agreed to buy an additional 12.2 million doses</li>\n <li>The first batch is due to arrive on Feb. 26</li>\n <li>The agreement with Pfizer is contingent on the vaccine being approved by the U.S. FDA and Malaysia’s regulator. Malaysia’s National Pharmaceutical Regulatory Agency has granted conditional approval for the vaccine, subject to further information from Pfizer, according to a local media report.</li>\n</ul>\n<p>March/April, 2021: Sinovac</p>\n<ul>\n <li>China’s Sinovac signed an agreement to supply 14 million doses to Malaysia, which may be ready for distribution by the end of March</li>\n <li>As part of this deal,Pharmaniaga Bhd.will supply a total of 12 million doses developed by China’s Sinovac Life Sciences Co. starting in April, the health ministry said in January</li>\n</ul>\n<p>1Q 2021: Sputnik V</p>\n<ul>\n <li>Duopharma Co. (M) will supplyup to6.4 million doses of Russia’s Sputnik V vaccines produced by Gamaleya Research Institute toward the end of March</li>\n</ul>\n<p>2Q 2021: AstraZeneca</p>\n<ul>\n <li>Malaysia hassecured6.4 million doses of the AstraZeneca vaccine through the Covax facility, and another 6.4 million directly</li>\n <li>The first batch is expected in the second quarter of 2021</li>\n</ul>\n<p>MYANMAR</p>\n<p>STRATEGY:</p>\n<p>Myanmar began inoculating its nearly 55 million population at theend ofJanuary. Before the military coup in early February, Aung San Suu Kyi’s administration had said frontline health workers and key government officials would be prioritized in the first phase of vaccinations, to be followed by vulnerable groups such as those older than 65 years.</p>\n<p>Myanmar kicked off vaccination for the general public on Feb. 5, less than a week after the coup. Interim President Myint Swe and officials from all ministries with the rank of director or above were also inoculated, along with the elderly in townships with the highest infection rates, according to the health and sports ministry. Suu Kyi, who is under detention at her residence, was also vaccinated on Feb. 6, according to her party officials.</p>\n<p>Myanmar has vowed to inoculate 38.4 million people older than 18 by the end of this year.</p>\n<p>The previous government had also been cooperating with GAVI, the vaccine alliance, to get shots for 20% of its population through the Covax facility. The Southeast Asian nation was also planning to allow the private sector to import World Health Organization-approved vaccines later this year.</p>\n<ul>\n <li>Other than the AstraZeneca deal it has signed, Myanmar also expected vaccines from Chinese developers to arrive in early 2021, with some doses from the Covax facility expected before April 7.</li>\n</ul>\n<p>TIMELINE:</p>\n<p>January, 2021: AstraZeneca</p>\n<p>(At least 103,142 health workers and volunteers have received shots)</p>\n<ul>\n <li>Myanmarordered30 million doses of the AstraZeneca vaccine produced under license bySerum Institute of Indiato vaccinate 15 million people. The country expects the first batch of this order to arrive in the second week of February</li>\n <li>The country expects an additional 27 million doses from the Covax facility from March</li>\n <li>It nevertheless began vaccinations at the end of January, with a separate 1.5 million doses that were donated by India having arrived Jan. 22</li>\n <li>The nation inoculated 103,142 health workers and volunteers as of Feb. 2, official data show.</li>\n</ul>\n<p>PHILIPPINES</p>\n<p>STRATEGY:</p>\n<p></p>\n<p>The Philippines plans to buy 148 million vaccine doses to inoculateup to70 million people this year, or more than half of its population. But it is negotiating for 178 million doses, enough to inoculate 92 million people, to take into account possible delays in deliveries, according to the finance secretary. The government seeks to vaccinate its entire population of more than 100 million by 2023.</p>\n<p>The nation is eyeing 82.5 billion pesos ($1.7 billion) in vaccinepurchasesthat it plans to fund with financing from multilateral agencies, state-owned banks and companies and bilateral sources, vaccine czar Carlito Galvez said.</p>\n<p>A number of mayors in Metropolitan Manila have separately drafted plans to provide shots to their constituents while waiting for guidelines on how local government units can purchase the vaccines.</p>\n<p>Priority for vaccinations will be given to medical frontliners and workers in industries deemed critical, including low-income groups and those identified as at risk.</p>\n<ul>\n <li>The government has signed deals for 30 million doses of the Covovax vaccine from the Serum Institute of India, and for 17 million doses from AstraZeneca</li>\n <li>It is also in talks with Pfizer, Johnson &amp; Johnson, Sinovac Biotech and Russia’s Gamaleya, according to Galvez</li>\n <li>The Philippines has signed apreliminaryagreement with Moderna following negotiations for as many as 20 million vaccine doses. A final supply deal with Moderna will likely be finished in February</li>\n <li>The nation is also expecting to receive fewer doses from the World Health Organization-backed Covax Facility, Galvez said</li>\n <li>China will donate 500,000 coronavirus vaccine doses to the Philippines</li>\n <li>Pfizer and AstraZeneca have been approved for emergency use by the local FDA, while Gamaleya and Sinovac have applied for the same authorization</li>\n <li>India-basedBharat Biotech International Ltd.has applied for emergency use authorization in the Philippines for its coronavirus vaccine, ABS-CBN News reported, citing the Food and Drug Administration head.</li>\n</ul>\n<p>TIMELINE:</p>\n<p>1Q 2021: Sinovac, Sputnik V</p>\n<ul>\n <li>Vaccinations could start as early as the first quarter of 2021 using Sinovac and Russia’s Sputnik V shots, according to Galvez</li>\n <li>Sinovac, Sputnik V are yet to receive the local FDA approval.</li>\n</ul>\n<p>1Q 2021: Pfizer, AstraZeneca</p>\n<ul>\n <li>At least 5.6 million coronavirus vaccine doses produced by Pfizer-BioNTech and AstraZeneca are expected to arrive in the country within the first quarter through the Covax facility</li>\n <li>The country will also receive as early as May 2.6 million doses of AstraZeneca vaccines purchased by local companies which pooled about800 million pesosto buy 3 million shots.</li>\n</ul>\n<p>SINGAPORE</p>\n<p>STRATEGY:</p>\n<p>The city-state has set aside roughly S$1 billion ($750 million) for vaccines, tapping the likes ofArcturus Therapeutics Holdings Inc.,Moderna, Pfizer and Sinovac for supplies. It estimates it should haveenoughfor its around 5.5 million-strong population by the third quarter of 2021.</p>\n<p>The city-state is prioritizinghealthcareworkers, the elderly and those in jobs or settings where risk of a super-spreading event is high -- such as the construction, marine and process sector, including migrant workers. For the elderly, it began with seniorsaged70 and above.</p>\n<p>Singapore aims to vaccinate the entire adult population, though this will be voluntary. Vaccines will be free for all Singaporeans and long-term residents. It is setting up vaccination centers across the island.</p>\n<p>TIMELINE:</p>\n<p>December, 2020: Pfizer</p>\n<p>(More than 175,000 people given first dose)</p>\n<ul>\n <li>Singapore started vaccinations on Dec. 30, 2020</li>\n <li>Prime Minister Lee Hsien Loong got a first dose of the vaccine on Jan. 8, making him the first member of cabinet to get the coronavirus vaccine shot</li>\n <li>The government said more than 175,000 people have received their first dose of the Covid-19 vaccine as of Feb. 2. Roughly 6,000 have received their second vaccine dose</li>\n <li>The city-state received its first shipment of the Pfizer-BioNTech vaccine on Dec. 21</li>\n <li>Those who have received shots include staff working inhealthcare, frontline and essential services, as well as staff and senior citizens in nursing homes. Some employees at the National Centre for Infectious Diseases have also received their second dose.</li>\n <li>Pilot vaccinations for senior citizensstartedJan. 27.</li>\n</ul>\n<p>March, 2021: Moderna</p>\n<ul>\n <li>Singapore granted interim authorization in February for Moderna’s Covid-19 vaccine to be used in the city-state. Moderna is the second vaccine to be authorized in Singapore</li>\n <li>Singapore’s Ministry of Health said that the country will roll out the Moderna vaccine for individualsaged18 years and above when shipments of the vaccine arrive</li>\n <li>If there are no disruptions to the schedule, the first shipment should arrive around March.</li>\n</ul>\n<p>Early 2021: Arcturus</p>\n<ul>\n <li>Arcturus and Singapore’s Economic Development Board have entered into a supply agreement for the right to buy the ARCT-021 vaccine</li>\n <li>Arcturus may ship the first batch of the Covid-19 vaccine it’s developing with local scientists early 2021</li>\n <li>Results so far show that the vaccine could be effective as a single dose, the Straits Times reported, citing a professor who co-developed the vaccine with Arcturus.</li>\n</ul>\n<p>THAILAND</p>\n<p>STRATEGY:</p>\n<p>Thailand wants to inoculate about 50% of its population by the end of this year.</p>\n<p>It has previously said it will allow private companies and hospitals to import and sell Covid-19 vaccinations as long as those shots have been approved by the nation’s Food and Drug Administration.</p>\n<p>Thailand’s health regulatorendorsedAstraZeneca’s vaccine for emergency use, the health minister said on Jan. 21. It’s the first to win approval in Thailand, which also has ordered shots developed by China’s Sinovac Biotech. Johnson &amp; Johnson has begun the process of seeking domestic approval for its vaccine.</p>\n<p>The Southeast Asian nation plans to distribute shots free of cost, while the imports by private firms would allow those who can afford to pay for inoculations along with non-Thais an alternative pathway to get shots. It won’t procure vaccines through the WHO-backed Covax program for now because theconditionsare too strict.</p>\n<ul>\n <li>The government has so far approved plans to purchase a total of 63 million doses, and the National Vaccine Institute is in talks with several manufacturers for additional supplies for delivery as early as the first quarter. These include 2 million doses from Sinovac and 61 million doses from AstraZeneca</li>\n <li>Not wanting to rely solely on inoculations from abroad, Thailand is also developing its own anti-coronavirus shot</li>\n</ul>\n<p>TIMELINE:</p>\n<p>February, 2021: Sinovac</p>\n<ul>\n <li>The country has said it plans to roll out 200,000 doses of Sinovac vaccines in February, 800,000 in March, and 1 million in April</li>\n</ul>\n<p>February, 2021: AstraZeneca</p>\n<ul>\n <li>Thailand has an advance agreement with AstraZeneca to secure Covid-19 vaccines, which are expected to be distributed by mid-2021, the prime minister has said</li>\n <li>The government expects 50,000 doses to arrive in February</li>\n <li>The government has ordered 61 million shots. The regulatory nod already given will also open the door for imports by private Thai companies for administering the doses to people who can afford to pay</li>\n <li>The country said early January it plans to roll out locally-produced AstraZeneca vaccines in May</li>\n <li>Under agreement with AstraZeneca, Siam Bioscience will produce vaccines at its facilities, and Thailand will receive technology transfer</li>\n <li>Thailand’s prime minister has said the country will supply coronavirus vaccines at “reasonable prices” to Myanmar, Laos, Cambodia and Vietnam when it begins production.</li>\n</ul>\n<p>VIETNAM</p>\n<p>STRATEGY:</p>\n<p>Vietnam is working on developing vaccines and will collaborate with suppliers when doses are available, according to a spokeswoman at the foreign affairs ministry.</p>\n<ul>\n <li>It signed a deal with AstraZeneca to acquire about 30 million doses of the Covid-19 vaccine, Deputy Health Minister Truong Quoc Cuong said during a government briefing in January</li>\n <li>It has also been negotiating to buy vaccines from Pfizer and companies from Russia and China, Cuong said</li>\n <li>Vietnam has four companies and institutes working on developing vaccines.Nanogen Pharmaceutical Biotechnologybegan its human vaccine trials Dec. 17. The Institute of Vaccines and Medical Biologicals started human trials Jan. 21, according to the health ministry.</li>\n</ul>\n<p>TIMELINE:</p>\n<p>1Q 2021: AstraZeneca</p>\n<ul>\n <li>Under the deal with AstraZeneca for about 30 million doses, Vietnam expects to receive vaccines each quarter this year, the deputy health minister said Jan. 4</li>\n <li>In addition, Vietnam expects to receive between 4.9 million to 8.25 million AstraZeneca vaccine doses through the WHO-backed Covax program during the first and second quarters, according to a government posting citing Covax.</li>\n</ul>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Moderna Gets Added to Southeast Asia’s Vaccine Arsenal</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\">\nModerna Gets Added to Southeast Asia’s Vaccine Arsenal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 17:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-02-08/moderna-gets-added-to-arsenal-southeast-asia-vaccine-tracker?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Moderna Inc. won approval from Singapore for its Covid vaccine and signed a deal to sell doses to the Philippines, becoming the fourth supplier to get regulatory clearance in Southeast Asia.\nShots by ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-08/moderna-gets-added-to-arsenal-southeast-asia-vaccine-tracker?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc."},"source_url":"http://bloomberg.com/news/articles/2021-02-08/moderna-gets-added-to-arsenal-southeast-asia-vaccine-tracker?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126813487","content_text":"Moderna Inc. won approval from Singapore for its Covid vaccine and signed a deal to sell doses to the Philippines, becoming the fourth supplier to get regulatory clearance in Southeast Asia.\nShots by AstraZeneca Plc,Pfizer Inc.-BioNTech SEandSinovac Biotech Ltd.have also been approved by at least one country in the region as inoculations roll out. China and India are giving somefreevaccines to countries like the Philippines, Myanmar and Cambodia.\nIndonesia, Southeast Asia’s biggest and most populous economy,startedits coronavirus vaccination program on Jan. 13, with President Joko Widodo taking thefirst Sinovac jab. More than 784,000 people have received their first dose.\nWealthier but smaller Singapore -- the first in Southeast Asia to start an official Covid-19 vaccination program -- began inoculatinghealthcareworkers with the Pfizer shot on Dec. 30 and has given the first shot to more than 175,000 people since then. Its prime minister got his first dose on Jan. 8 and has also received his second shot.\nStrategies are evolving across the region as different supply deals are sealed. In the Philippines, President Rodrigo Duterte has said he will take a Russian or Chinese vaccine, but his government’s first approval was for the Pfizer shot.\nIndonesia, which is battling the worst outbreak in Southeast Asia, ended 2020 by switching up who’s on its priority list for shots -- focusing on the elderly first instead of the young as previously announced. It was the earliest in the region to receive a vaccine shipment with a Sinovac supply in December.\nSome countries are also involved in vaccine development and manufacturing, a testament to the variety of strategies employed by Southeast Asian nations. Here’s how the region of more than 650 million people is dealing with differing fiscal, demographic and distribution challenges in their vaccination efforts.\nINDONESIA\nSTRATEGY:\nIndonesia seeks to vaccinate 181.5 million people -- about two-thirds of the population -- by March 2022 and President Widodo has called on the cabinet to complete the program by end-2021.\nThe nation expects its vaccination program to cost more than 73 trillion rupiah ($5.2 billion). It plans to be able to vaccinate 16 million people a month; the initial phase of inoculations will target more than 1.5 million health workers by the end of February.\nThe country will offerfree vaccinesto people. With about 13,000 community health centers and 9,000 hospitals across the country, the government said it will be able to complete its targeted vaccination to achieve mass immunity.\n\nThe world’s fourth most populous nation is banking on both Western and Chinese vaccines, ordering 125.5 million doses from Sinovac, 50 million fromAstraZenecaand another 50 million fromNovavax Inc., while developing 57.6 million of its own Merah Putih\nIt is set to get as many as 23.1 million AstraZeneca doses from the GAVI alliance, after requesting 108 million free doses from the global vaccine facility\nTalks are also on with Pfizer for 50 million doses and loaned cold storage facilities for the vaccine\n\nTIMELINE:\nJanuary, 2021: Sinovac\n(More than 784,000 people have received their first dose.)\n\nPresident Widodo got his first dose of the Sinovac shot on Jan. 13 along with public and army representatives, which kicked off Indonesia’s inoculation program\nMore than 784,000 people have received their first dose as of Feb. 7, with over 139,000 of them completing their second shot\nChina’s Sinovac Biotech shipped 3 million doses of vaccines to the country in December; the local food and drug regulator approved them for emergency use in January, and has since also given the nod for its use among theelderly\nEven before the regulator’s approval, the government started distributing the vaccines to its 34 provinces spread across the world’s largest archipelago\nSinovac has shipped raw material for 55 million doses to be manufactured by Indonesia’s PT Bio Farma so far. The state firm aims to produce 24 million doses a month\nBio Farma plans to also produce shots for other countries through the Coalition for Epidemic Preparedness Innovations as early as the fourth quarter, according to Indonesia’s state-owned enterprises ministry. Bio Farma will produce 100 million doses a year for CEPI.\n\nMarch, 2021: AstraZeneca\n\nIndonesia willreceivean initial allocation of between 13.7 million and 23.1 million shots of the AstraZeneca vaccine in the first half through the global Covax initiative\nThe vaccines will arrive in stages, with 25%-35% by March and the remainder in the second quarter, according to the government. The shots can be used once the WHO approves the AstraZeneca inoculation for emergency use\nUnder a separate deal with the company directly, Indonesia will also get the AstraZeneca vaccines delivered in stages starting from as early as April through the first quarter of 2022. The deal also includes the option for the country to purchase an additional 50 million doses.\n\nMALAYSIA\nSTRATEGY:\nMalaysia is spending $504 million to buy enough shots to cover 26.5 million people, or about 80% of its population. It will start vaccinations from February, according to Prime Minister Muhyiddin Yassin. The government aims to get as many people inoculated within a year of getting the first batch of vaccines in February, Science Minister Khairy Jamaluddin said mid-January.\nThe first phase of vaccinations, which will begin by end of February and last until April, will focus on inoculating 500,000 frontline workers, followed by the elderly and high-risk groups between April and August. The third leg will run from May through February 2022 for thoseaged18 and above, the prime minister has said.\nThe country will have a “slight extra”stockpileof vaccines as only those 18 years old and above will be inoculated. The excess vaccines will be administered to migrant workers, expatriates, and non-Malaysian residents, the cost of which must be borne by their employers.\nPfizer vaccines will probably be administered to those in urban areas due to the need for ultra-cold storage, while AstraZeneca vaccines will be deployed to rural areas.\n\nMalaysia hassecured12.8 million doses of the AstraZeneca vaccine through the Covax facility and directly, enough to inoculate 20% of the country’s population, according to the government\nThe country has secured 25 million doses of the Pfizer-BioNTech vaccine, enough to cover 39% of the population\nIt has also signed agreements for 12 million doses of China’s Sinovac andup to6.4 million doses of Russia’s Sputnik V vaccine\nSolution Group Bhd.signeda deal to supply the Malaysian government with 3.5 million doses of the Recombinant Ad5-nCoV coronavirus vaccine jointly developed by China’sCanSino Biologics Inc.and Beijing Institute of Biotechnology under the Academy of Military Medical Sciences. The purchase is subject to Solution obtaining product registration and market authorization of the vaccine in the country by April\nThe government has also been in talks with Moderna and Johnson & Johnson, according to officials\nMalaysia was due to conduct its first vaccine trial involving 3,000 volunteers in late January. It would be a phase-III trial on a vaccine candidate developed by the Institute of Medical Biology Chinese Academy of Medical Sciences\nMalaysia signed an agreement with China inOctoberto be given priority access to Covid-19 vaccines that China develops.\n\nTIMELINE:\nFebruary, 2021: Pfizer\n\nThe government secured 12.8 million doses from Pfizer-BioNTech SEin a deal signed in late 2020. The country in January agreed to buy an additional 12.2 million doses\nThe first batch is due to arrive on Feb. 26\nThe agreement with Pfizer is contingent on the vaccine being approved by the U.S. FDA and Malaysia’s regulator. Malaysia’s National Pharmaceutical Regulatory Agency has granted conditional approval for the vaccine, subject to further information from Pfizer, according to a local media report.\n\nMarch/April, 2021: Sinovac\n\nChina’s Sinovac signed an agreement to supply 14 million doses to Malaysia, which may be ready for distribution by the end of March\nAs part of this deal,Pharmaniaga Bhd.will supply a total of 12 million doses developed by China’s Sinovac Life Sciences Co. starting in April, the health ministry said in January\n\n1Q 2021: Sputnik V\n\nDuopharma Co. (M) will supplyup to6.4 million doses of Russia’s Sputnik V vaccines produced by Gamaleya Research Institute toward the end of March\n\n2Q 2021: AstraZeneca\n\nMalaysia hassecured6.4 million doses of the AstraZeneca vaccine through the Covax facility, and another 6.4 million directly\nThe first batch is expected in the second quarter of 2021\n\nMYANMAR\nSTRATEGY:\nMyanmar began inoculating its nearly 55 million population at theend ofJanuary. Before the military coup in early February, Aung San Suu Kyi’s administration had said frontline health workers and key government officials would be prioritized in the first phase of vaccinations, to be followed by vulnerable groups such as those older than 65 years.\nMyanmar kicked off vaccination for the general public on Feb. 5, less than a week after the coup. Interim President Myint Swe and officials from all ministries with the rank of director or above were also inoculated, along with the elderly in townships with the highest infection rates, according to the health and sports ministry. Suu Kyi, who is under detention at her residence, was also vaccinated on Feb. 6, according to her party officials.\nMyanmar has vowed to inoculate 38.4 million people older than 18 by the end of this year.\nThe previous government had also been cooperating with GAVI, the vaccine alliance, to get shots for 20% of its population through the Covax facility. The Southeast Asian nation was also planning to allow the private sector to import World Health Organization-approved vaccines later this year.\n\nOther than the AstraZeneca deal it has signed, Myanmar also expected vaccines from Chinese developers to arrive in early 2021, with some doses from the Covax facility expected before April 7.\n\nTIMELINE:\nJanuary, 2021: AstraZeneca\n(At least 103,142 health workers and volunteers have received shots)\n\nMyanmarordered30 million doses of the AstraZeneca vaccine produced under license bySerum Institute of Indiato vaccinate 15 million people. The country expects the first batch of this order to arrive in the second week of February\nThe country expects an additional 27 million doses from the Covax facility from March\nIt nevertheless began vaccinations at the end of January, with a separate 1.5 million doses that were donated by India having arrived Jan. 22\nThe nation inoculated 103,142 health workers and volunteers as of Feb. 2, official data show.\n\nPHILIPPINES\nSTRATEGY:\n\nThe Philippines plans to buy 148 million vaccine doses to inoculateup to70 million people this year, or more than half of its population. But it is negotiating for 178 million doses, enough to inoculate 92 million people, to take into account possible delays in deliveries, according to the finance secretary. The government seeks to vaccinate its entire population of more than 100 million by 2023.\nThe nation is eyeing 82.5 billion pesos ($1.7 billion) in vaccinepurchasesthat it plans to fund with financing from multilateral agencies, state-owned banks and companies and bilateral sources, vaccine czar Carlito Galvez said.\nA number of mayors in Metropolitan Manila have separately drafted plans to provide shots to their constituents while waiting for guidelines on how local government units can purchase the vaccines.\nPriority for vaccinations will be given to medical frontliners and workers in industries deemed critical, including low-income groups and those identified as at risk.\n\nThe government has signed deals for 30 million doses of the Covovax vaccine from the Serum Institute of India, and for 17 million doses from AstraZeneca\nIt is also in talks with Pfizer, Johnson & Johnson, Sinovac Biotech and Russia’s Gamaleya, according to Galvez\nThe Philippines has signed apreliminaryagreement with Moderna following negotiations for as many as 20 million vaccine doses. A final supply deal with Moderna will likely be finished in February\nThe nation is also expecting to receive fewer doses from the World Health Organization-backed Covax Facility, Galvez said\nChina will donate 500,000 coronavirus vaccine doses to the Philippines\nPfizer and AstraZeneca have been approved for emergency use by the local FDA, while Gamaleya and Sinovac have applied for the same authorization\nIndia-basedBharat Biotech International Ltd.has applied for emergency use authorization in the Philippines for its coronavirus vaccine, ABS-CBN News reported, citing the Food and Drug Administration head.\n\nTIMELINE:\n1Q 2021: Sinovac, Sputnik V\n\nVaccinations could start as early as the first quarter of 2021 using Sinovac and Russia’s Sputnik V shots, according to Galvez\nSinovac, Sputnik V are yet to receive the local FDA approval.\n\n1Q 2021: Pfizer, AstraZeneca\n\nAt least 5.6 million coronavirus vaccine doses produced by Pfizer-BioNTech and AstraZeneca are expected to arrive in the country within the first quarter through the Covax facility\nThe country will also receive as early as May 2.6 million doses of AstraZeneca vaccines purchased by local companies which pooled about800 million pesosto buy 3 million shots.\n\nSINGAPORE\nSTRATEGY:\nThe city-state has set aside roughly S$1 billion ($750 million) for vaccines, tapping the likes ofArcturus Therapeutics Holdings Inc.,Moderna, Pfizer and Sinovac for supplies. It estimates it should haveenoughfor its around 5.5 million-strong population by the third quarter of 2021.\nThe city-state is prioritizinghealthcareworkers, the elderly and those in jobs or settings where risk of a super-spreading event is high -- such as the construction, marine and process sector, including migrant workers. For the elderly, it began with seniorsaged70 and above.\nSingapore aims to vaccinate the entire adult population, though this will be voluntary. Vaccines will be free for all Singaporeans and long-term residents. It is setting up vaccination centers across the island.\nTIMELINE:\nDecember, 2020: Pfizer\n(More than 175,000 people given first dose)\n\nSingapore started vaccinations on Dec. 30, 2020\nPrime Minister Lee Hsien Loong got a first dose of the vaccine on Jan. 8, making him the first member of cabinet to get the coronavirus vaccine shot\nThe government said more than 175,000 people have received their first dose of the Covid-19 vaccine as of Feb. 2. Roughly 6,000 have received their second vaccine dose\nThe city-state received its first shipment of the Pfizer-BioNTech vaccine on Dec. 21\nThose who have received shots include staff working inhealthcare, frontline and essential services, as well as staff and senior citizens in nursing homes. Some employees at the National Centre for Infectious Diseases have also received their second dose.\nPilot vaccinations for senior citizensstartedJan. 27.\n\nMarch, 2021: Moderna\n\nSingapore granted interim authorization in February for Moderna’s Covid-19 vaccine to be used in the city-state. Moderna is the second vaccine to be authorized in Singapore\nSingapore’s Ministry of Health said that the country will roll out the Moderna vaccine for individualsaged18 years and above when shipments of the vaccine arrive\nIf there are no disruptions to the schedule, the first shipment should arrive around March.\n\nEarly 2021: Arcturus\n\nArcturus and Singapore’s Economic Development Board have entered into a supply agreement for the right to buy the ARCT-021 vaccine\nArcturus may ship the first batch of the Covid-19 vaccine it’s developing with local scientists early 2021\nResults so far show that the vaccine could be effective as a single dose, the Straits Times reported, citing a professor who co-developed the vaccine with Arcturus.\n\nTHAILAND\nSTRATEGY:\nThailand wants to inoculate about 50% of its population by the end of this year.\nIt has previously said it will allow private companies and hospitals to import and sell Covid-19 vaccinations as long as those shots have been approved by the nation’s Food and Drug Administration.\nThailand’s health regulatorendorsedAstraZeneca’s vaccine for emergency use, the health minister said on Jan. 21. It’s the first to win approval in Thailand, which also has ordered shots developed by China’s Sinovac Biotech. Johnson & Johnson has begun the process of seeking domestic approval for its vaccine.\nThe Southeast Asian nation plans to distribute shots free of cost, while the imports by private firms would allow those who can afford to pay for inoculations along with non-Thais an alternative pathway to get shots. It won’t procure vaccines through the WHO-backed Covax program for now because theconditionsare too strict.\n\nThe government has so far approved plans to purchase a total of 63 million doses, and the National Vaccine Institute is in talks with several manufacturers for additional supplies for delivery as early as the first quarter. These include 2 million doses from Sinovac and 61 million doses from AstraZeneca\nNot wanting to rely solely on inoculations from abroad, Thailand is also developing its own anti-coronavirus shot\n\nTIMELINE:\nFebruary, 2021: Sinovac\n\nThe country has said it plans to roll out 200,000 doses of Sinovac vaccines in February, 800,000 in March, and 1 million in April\n\nFebruary, 2021: AstraZeneca\n\nThailand has an advance agreement with AstraZeneca to secure Covid-19 vaccines, which are expected to be distributed by mid-2021, the prime minister has said\nThe government expects 50,000 doses to arrive in February\nThe government has ordered 61 million shots. The regulatory nod already given will also open the door for imports by private Thai companies for administering the doses to people who can afford to pay\nThe country said early January it plans to roll out locally-produced AstraZeneca vaccines in May\nUnder agreement with AstraZeneca, Siam Bioscience will produce vaccines at its facilities, and Thailand will receive technology transfer\nThailand’s prime minister has said the country will supply coronavirus vaccines at “reasonable prices” to Myanmar, Laos, Cambodia and Vietnam when it begins production.\n\nVIETNAM\nSTRATEGY:\nVietnam is working on developing vaccines and will collaborate with suppliers when doses are available, according to a spokeswoman at the foreign affairs ministry.\n\nIt signed a deal with AstraZeneca to acquire about 30 million doses of the Covid-19 vaccine, Deputy Health Minister Truong Quoc Cuong said during a government briefing in January\nIt has also been negotiating to buy vaccines from Pfizer and companies from Russia and China, Cuong said\nVietnam has four companies and institutes working on developing vaccines.Nanogen Pharmaceutical Biotechnologybegan its human vaccine trials Dec. 17. The Institute of Vaccines and Medical Biologicals started human trials Jan. 21, according to the health ministry.\n\nTIMELINE:\n1Q 2021: AstraZeneca\n\nUnder the deal with AstraZeneca for about 30 million doses, Vietnam expects to receive vaccines each quarter this year, the deputy health minister said Jan. 4\nIn addition, Vietnam expects to receive between 4.9 million to 8.25 million AstraZeneca vaccine doses through the WHO-backed Covax program during the first and second quarters, according to a government posting citing Covax.","news_type":1,"symbols_score_info":{"MRNA":0.9}},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166538485,"gmtCreate":1624016629647,"gmtModify":1631891665864,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Make my comment trend!!&nbsp;","listText":"Make my comment trend!!&nbsp;","text":"Make my comment trend!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/166538485","repostId":"1133025835","repostType":4,"repost":{"id":"1133025835","kind":"news","pubTimestamp":1624015886,"share":"https://ttm.financial/m/news/1133025835?lang=&edition=full","pubTime":"2021-06-18 19:31","market":"us","language":"en","title":"Piper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy","url":"https://stock-news.laohu8.com/highlight/detail?id=1133025835","media":"cnbc","summary":"The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about","content":"<div>\n<p>The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according to Piper Sandler.\nThe...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Piper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy</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\">\nPiper Sandler upgrades Biogen, says Alzheimer's drug demand will be strong despite controversy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 19:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according to Piper Sandler.\nThe...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIIB":"渤健公司"},"source_url":"https://www.cnbc.com/2021/06/18/piper-sandler-upgrades-biogen-says-alzheimers-drug-demand-will-be-strong-despite-controversy.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1133025835","content_text":"The demand outlook for Biogen’s new Alzheimer’s drug appears strong despite lingering concerns about the new treatment, and that should push the company’s stock higher, according to Piper Sandler.\nThe Food and Drug Administration’s approval of Aduhelm has been controversial, with multiple members of an FDA advisory committeeresigning in protestover the decision. There are concerns about the effectiveness of the treatment.\nPiper Sandler analyst Christopher Raymond said in a note to clients on Friday that he shared some of those concerns but that Aduhelm would still be a winner for Biogen’s business. Raymond upgraded the stock to overweight from neutral.\n“Despite our misgivings regarding FDA’s handling of the Aduhelm approval, we find two new data points too positive to ignore, and thus believe the path of least resistance on this stock is decidedly higher,” the note said.\nThose positive data points include a survey that shows strong demand and expected uptake for the drug, despite concerns about its effectiveness, and an expectation that Medicare and Medicaid will not significantly limit the available patient base for reimbursement, Piper Sandler said.\n“Combining this with what we see as a low-probability but still completely free call option that Biogen wins on appeal with the Tecfidera IP case, we think the stock is likely to go higher in the near term,” the note said.\nThe firm hiked its price target to $450 from $384, representing upside of 17% from where the stock closed on Thursday.","news_type":1,"symbols_score_info":{"BIIB":0.9}},"isVote":1,"tweetType":1,"viewCount":778,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356388857,"gmtCreate":1616756201979,"gmtModify":1634524168524,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/356388857","repostId":"1149036179","repostType":4,"isVote":1,"tweetType":1,"viewCount":445,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107113224,"gmtCreate":1620451119368,"gmtModify":1634198630533,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/107113224","repostId":"1162850808","repostType":4,"repost":{"id":"1162850808","kind":"news","pubTimestamp":1620451086,"share":"https://ttm.financial/m/news/1162850808?lang=&edition=full","pubTime":"2021-05-08 13:18","market":"us","language":"en","title":"Cheap Stocks To Buy? 4 Cloud Computing Stocks To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1162850808","media":"Nasdaq","summary":"Should Investors Buy These Cloud Stocks Amid The Recent Pullback?\n2020 was a banner year forcloud co","content":"<p>Should Investors Buy These Cloud Stocks Amid The Recent Pullback?</p>\n<p>2020 was a banner year forcloud computing stocks. In the past year, if you wanted to make money, the easiest way was to buy top cloud computing stocks in thestock market. Thanks to the coronavirus pandemic, demand for cloud services skyrocketed to all-time highs. With companies focusing on digital acceleration, cloud infrastructure is vital to have. Being able to conveniently store and access company data is paramount as companies are still pushing their projects and innovations amidst these troubled times. Investors and companies seem to be aware of these trends. For instance, Microsoft (NASDAQ: MSFT) has enjoyed a strong increase in revenue in the cloud segment as reflected from their latest financials.</p>\n<p>There’s no denying that valuations are still high despite the recent pullback. Some say thesetop cloud stocksare priced to perfection. As such, when there’s a slight disappointment in their earnings report, it is enough to send these stocks sliding. But technology is sticky. Many companies are not going to uproot their software abruptly. The benefits from cloud apps will continue to manifest even after offices reopen. Thus, many of the best cloud stocks to watch will continue to benefit. Let’s put it this way. You can think of it as the growth being pulled forward, but there is still plenty of growth ahead.</p>\n<p>With the increasing viability of cloud computing, it could appear to some as a profitable endeavor. However, there is no such thing as easy gains. Even the most seasoned investors would have a challenge sorting the wheat from the chaff in this ever-growing industry. Some may stay clear from cloud stocks amid the recent weakness, but others may see the dip as an opportunity to buy at discounts. If you are with the latter, do you have these cloud stocks on your watchlist in thestock market today?</p>\n<p>Cloud Computing Stocks To Watch In 2021</p>\n<ul>\n <li><b>Cloudflare Inc.</b>(NYSE: NET)</li>\n <li><b>Fastly Inc.</b>(NYSE: FSLY)</li>\n <li><b>Amazon.com Inc.</b>(NASDAQ: AMZN)</li>\n <li><b>Twilio Inc.</b>(NYSE: TWLO)</li>\n</ul>\n<p>Cloudflare</p>\n<p>Cloudflare is possibly one of the most exciting cloud companies to look out for if you are investing for the long term. For those unfamiliar with the business, Cloudflare’s aim is to build a better and safer internet. Some of the company’s potential growth drivers include serverless computing, internet of things (IoT), and 5G. These present massive opportunities for the company to tap into. With more businesses moving their operations to the cloud, Cloudflare could see explosive growth in this burgeoning cybersecurity industry. That’s because of its role in safeguarding and speeding up the internet.</p>\n<p><img src=\"https://static.tigerbbs.com/98f0d4f49f85277ad8149a042646e49c\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p>\n<p>“<i>Firing on all cylinders, we’ve already announced or delivered more than 100 products and capabilities this year. There’s no slowing down as we continue to deliver business-critical offerings and displace point solutions with Cloudflare’s robust global network.”-</i>Matthew Prince, CEO, and co-founder.</p>\n<p>The company reported its first-quarter earnings on Thursday, in which revenue rose 51% year-over-year to $138.1 million. The network security and content delivery network (CDN) provider also sees strong large customer growth, with a record addition of roughly 120 large customers in the quarter. More importantly, large customers now represent greater than 50% of revenue. Following these earnings, the NET stock is now trading 7.14% higher in pre-market trading as of 7.09 a.m. ET. With such strong fundamentals, should investors buy NET stock right now?</p>\n<p><b>[Read More]</b>&nbsp;Best Tech Stocks To Buy Now? 4 Names To Know</p>\n<p>Fastly</p>\n<p>Fastly was one hot stock to watch in 2020. The company is a key player in the CDN space. Arguably, the real trick up Fastly’s sleeves are its edge computing capabilities. But the reason many investors are paying attention to Fastly right now is that FSLY stock was tumbling, closing nearly 30% lower on Thursday’s intraday trading. This came as the edge-computing specialist came up slightly short of estimates in its first-quarter earnings report. Separately, CFO Adriel Lares stepping down as CFO also spooked investors.</p>\n<p><img src=\"https://static.tigerbbs.com/739c26a7d97dc3c4dea22c32f05794e8\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p>\n<p>But let’s take a step back and digest these earnings carefully. Do you think FSLY stock is being overly punished here? Fastly’s revenue came in 35% in the quarter to $84.9 million, which was only slightly short of estimates at $85.1 million. While the net retention rate was slightly lower than its previous quarter, its total customer count actually increased from 2,084 in the fourth quarter to 2,207. Sure, the company may have missed top and bottom-line estimates, but the difference was only marginal.</p>\n<p>According to CEO Joshua Bixby, the company observed that many of the trends that emerged last year appear to have become permanent, even as the economy reopens. He believes Fastly is uniquely positioned to serve companies as they adjust to this new reality. Thus, would you consider buying FSLY stock on the dip?</p>\n<p><b>Read More</b></p>\n<ul>\n <li>Hot Stocks To Buy? 4 Growth Stocks To Watch</li>\n <li>Most Active Stocks To Buy Today? 4 Renewable Energy Stocks To Consider</li>\n</ul>\n<p>Amazon.com</p>\n<p>Amazon is a multinational technology company that focuses on e-commerce and cloud computing. The company has been one of the most influential economic forces in the world and is also one of the world’s most valuable brands. AMZN stock surged to an all-time high of $3,554 before retreating to a current level of around $3,300. That initially seems like a “<i>buy the rumor, sell the news</i>” kind of trade for traders, especially after a strong earnings beat.</p>\n<p><img src=\"https://static.tigerbbs.com/0aa69c958c58628e910c48f96fca81e9\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p>\n<p>An interesting fact is, not only are traders taking some profit, CEO Jeff Bezos this week sold nearly $2 billion worth of AMZN stock. He previously said he’d sell about $1 billion in AMZN stock each year to fund his space exploration company, Blue Origin.</p>\n<p>In case you have missed it, the company reported net sales of $108.5 billion in the first quarter, a 44% increase year-over-year. Net income increased to $8.1 billion for the quarter or $15.79 per diluted share. The company also ended the quarter with a free cash flow of $26.4 billion. Looking ahead, Amazon said it expects to generate revenue between $110 billion and $116 billion for Q2. All things considered, would you say that AMZN stock is trading at an attractive valuation right now?</p>\n<p><b>[Read More]</b>&nbsp;4 Top Fintech Stocks To Watch After PayPal Reported Record Earnings</p>\n<p>Twilio</p>\n<p>After easily beating its own forecast for a fifth consecutive quarter amid strong pandemic growth, some investors were surprised why Twilio stocks were pulling back on Thursday’s intraday trading. Despite having posted a strong first-quarter earnings report on Wednesday, TWLO stock didn’t receive an immediate boost and many are punishing the stock because the company projected a June quarter loss that would be wider than Wall Street has been expecting.</p>\n<p><img src=\"https://static.tigerbbs.com/97cd2f79ff5e32f41eb0cd9aba0292c8\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p>\n<p>For the quarter, revenue came in 62% higher to $590 million, beating analysts’ estimates of $532.9 million. The company also posted a dollar-based net expansion rate of 133%. This simply means that existing customers increased their spending by 33%. Overall, the company has brought in another solid quarter, but investors appear to be treading cautiously.</p>\n<p>CEO Jeff Lawson believes the shift in the way companies engage with their customers is driving a generational opportunity for Twilio. Now, TWLO stock is not exactly cheap by any measure. However, if you believe that the company could grow into its valuation, should you buy TWLO stock on its recent weakness?</p>","source":"lsy1603171495471","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>Cheap Stocks To Buy? 4 Cloud Computing Stocks To Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheap Stocks To Buy? 4 Cloud Computing Stocks To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/cheap-stocks-to-buy-4-cloud-computing-stocks-to-know-2021-05-07><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Should Investors Buy These Cloud Stocks Amid The Recent Pullback?\n2020 was a banner year forcloud computing stocks. In the past year, if you wanted to make money, the easiest way was to buy top cloud ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/cheap-stocks-to-buy-4-cloud-computing-stocks-to-know-2021-05-07\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWLO":"Twilio Inc","AMZN":"亚马逊","NET":"Cloudflare, Inc.","FSLY":"Fastly, Inc."},"source_url":"https://www.nasdaq.com/articles/cheap-stocks-to-buy-4-cloud-computing-stocks-to-know-2021-05-07","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162850808","content_text":"Should Investors Buy These Cloud Stocks Amid The Recent Pullback?\n2020 was a banner year forcloud computing stocks. In the past year, if you wanted to make money, the easiest way was to buy top cloud computing stocks in thestock market. Thanks to the coronavirus pandemic, demand for cloud services skyrocketed to all-time highs. With companies focusing on digital acceleration, cloud infrastructure is vital to have. Being able to conveniently store and access company data is paramount as companies are still pushing their projects and innovations amidst these troubled times. Investors and companies seem to be aware of these trends. For instance, Microsoft (NASDAQ: MSFT) has enjoyed a strong increase in revenue in the cloud segment as reflected from their latest financials.\nThere’s no denying that valuations are still high despite the recent pullback. Some say thesetop cloud stocksare priced to perfection. As such, when there’s a slight disappointment in their earnings report, it is enough to send these stocks sliding. But technology is sticky. Many companies are not going to uproot their software abruptly. The benefits from cloud apps will continue to manifest even after offices reopen. Thus, many of the best cloud stocks to watch will continue to benefit. Let’s put it this way. You can think of it as the growth being pulled forward, but there is still plenty of growth ahead.\nWith the increasing viability of cloud computing, it could appear to some as a profitable endeavor. However, there is no such thing as easy gains. Even the most seasoned investors would have a challenge sorting the wheat from the chaff in this ever-growing industry. Some may stay clear from cloud stocks amid the recent weakness, but others may see the dip as an opportunity to buy at discounts. If you are with the latter, do you have these cloud stocks on your watchlist in thestock market today?\nCloud Computing Stocks To Watch In 2021\n\nCloudflare Inc.(NYSE: NET)\nFastly Inc.(NYSE: FSLY)\nAmazon.com Inc.(NASDAQ: AMZN)\nTwilio Inc.(NYSE: TWLO)\n\nCloudflare\nCloudflare is possibly one of the most exciting cloud companies to look out for if you are investing for the long term. For those unfamiliar with the business, Cloudflare’s aim is to build a better and safer internet. Some of the company’s potential growth drivers include serverless computing, internet of things (IoT), and 5G. These present massive opportunities for the company to tap into. With more businesses moving their operations to the cloud, Cloudflare could see explosive growth in this burgeoning cybersecurity industry. That’s because of its role in safeguarding and speeding up the internet.\nSource: TD Ameritrade TOS\n“Firing on all cylinders, we’ve already announced or delivered more than 100 products and capabilities this year. There’s no slowing down as we continue to deliver business-critical offerings and displace point solutions with Cloudflare’s robust global network.”-Matthew Prince, CEO, and co-founder.\nThe company reported its first-quarter earnings on Thursday, in which revenue rose 51% year-over-year to $138.1 million. The network security and content delivery network (CDN) provider also sees strong large customer growth, with a record addition of roughly 120 large customers in the quarter. More importantly, large customers now represent greater than 50% of revenue. Following these earnings, the NET stock is now trading 7.14% higher in pre-market trading as of 7.09 a.m. ET. With such strong fundamentals, should investors buy NET stock right now?\n[Read More] Best Tech Stocks To Buy Now? 4 Names To Know\nFastly\nFastly was one hot stock to watch in 2020. The company is a key player in the CDN space. Arguably, the real trick up Fastly’s sleeves are its edge computing capabilities. But the reason many investors are paying attention to Fastly right now is that FSLY stock was tumbling, closing nearly 30% lower on Thursday’s intraday trading. This came as the edge-computing specialist came up slightly short of estimates in its first-quarter earnings report. Separately, CFO Adriel Lares stepping down as CFO also spooked investors.\nSource: TD Ameritrade TOS\nBut let’s take a step back and digest these earnings carefully. Do you think FSLY stock is being overly punished here? Fastly’s revenue came in 35% in the quarter to $84.9 million, which was only slightly short of estimates at $85.1 million. While the net retention rate was slightly lower than its previous quarter, its total customer count actually increased from 2,084 in the fourth quarter to 2,207. Sure, the company may have missed top and bottom-line estimates, but the difference was only marginal.\nAccording to CEO Joshua Bixby, the company observed that many of the trends that emerged last year appear to have become permanent, even as the economy reopens. He believes Fastly is uniquely positioned to serve companies as they adjust to this new reality. Thus, would you consider buying FSLY stock on the dip?\nRead More\n\nHot Stocks To Buy? 4 Growth Stocks To Watch\nMost Active Stocks To Buy Today? 4 Renewable Energy Stocks To Consider\n\nAmazon.com\nAmazon is a multinational technology company that focuses on e-commerce and cloud computing. The company has been one of the most influential economic forces in the world and is also one of the world’s most valuable brands. AMZN stock surged to an all-time high of $3,554 before retreating to a current level of around $3,300. That initially seems like a “buy the rumor, sell the news” kind of trade for traders, especially after a strong earnings beat.\nSource: TD Ameritrade TOS\nAn interesting fact is, not only are traders taking some profit, CEO Jeff Bezos this week sold nearly $2 billion worth of AMZN stock. He previously said he’d sell about $1 billion in AMZN stock each year to fund his space exploration company, Blue Origin.\nIn case you have missed it, the company reported net sales of $108.5 billion in the first quarter, a 44% increase year-over-year. Net income increased to $8.1 billion for the quarter or $15.79 per diluted share. The company also ended the quarter with a free cash flow of $26.4 billion. Looking ahead, Amazon said it expects to generate revenue between $110 billion and $116 billion for Q2. All things considered, would you say that AMZN stock is trading at an attractive valuation right now?\n[Read More] 4 Top Fintech Stocks To Watch After PayPal Reported Record Earnings\nTwilio\nAfter easily beating its own forecast for a fifth consecutive quarter amid strong pandemic growth, some investors were surprised why Twilio stocks were pulling back on Thursday’s intraday trading. Despite having posted a strong first-quarter earnings report on Wednesday, TWLO stock didn’t receive an immediate boost and many are punishing the stock because the company projected a June quarter loss that would be wider than Wall Street has been expecting.\nSource: TD Ameritrade TOS\nFor the quarter, revenue came in 62% higher to $590 million, beating analysts’ estimates of $532.9 million. The company also posted a dollar-based net expansion rate of 133%. This simply means that existing customers increased their spending by 33%. Overall, the company has brought in another solid quarter, but investors appear to be treading cautiously.\nCEO Jeff Lawson believes the shift in the way companies engage with their customers is driving a generational opportunity for Twilio. Now, TWLO stock is not exactly cheap by any measure. However, if you believe that the company could grow into its valuation, should you buy TWLO stock on its recent weakness?","news_type":1,"symbols_score_info":{"AMZN":0.9,"FSLY":0.9,"NET":0.9,"TWLO":0.9}},"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376602014,"gmtCreate":1619106080938,"gmtModify":1634288491326,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/376602014","repostId":"2129533898","repostType":4,"repost":{"id":"2129533898","kind":"highlight","pubTimestamp":1619105420,"share":"https://ttm.financial/m/news/2129533898?lang=&edition=full","pubTime":"2021-04-22 23:30","market":"us","language":"en","title":"3 Reasons Cathie Wood Has Invested $580 Million in Coinbase's IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=2129533898","media":"Motley Fool","summary":"ARK Invest continues to bet big on the future of cryptocurrency.","content":"<p>Cathie Wood has become something of an investing phenomenon over the past year. The founder and CEO of ARK Investment Management made a name for herself in 2020 when her five flagship exchange-traded funds (ETFs) crushed the returns of the broader market, each notching gains of more than 100%, by focusing on emerging technologies and disruptive high-growth stocks.</p>\n<p>Wood made headlines again last week when she invested in <b>Coinbase Global</b> (NASDAQ:COIN) on the day it went public. ARK hasn't stopped there, buying more Coinbase stock each day since its direct listing. ARK Invest now owns almost 1.9 million Coinbase shares -- worth roughly $580 million at Thursday's prices -- in three of the firm's ETFs: <b>ARK Fintech Innovation</b>, <b>ARK Innovation</b>, and <b>ARK Next Generation Internet</b>.</p>\n<p>Let's look at three reasons Wood was so quick to add Coinbase shares to ARK Invest's coffers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af28e6924a8799f446c42cce0a61647f\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>1. A breakout year for Coinbase</h2>\n<p>The ongoing boom in cryptocurrency has attracted the attention of novice and experienced investors alike. Coinbase Global is the leading cryptocurrency exchange in the U.S., allowing enthusiasts to buy and sell a wide range of popular digital currencies. The company makes the majority of its revenue from the transaction fees it charges for each sale.</p>\n<p>The platform has more than 56 million individual users, 7,000 institutions, and 115,000 partners in over 100 countries. Its growing user base gives the company an unmatched ecosystem that has something for everyone, from the beginning cryptocurrency enthusiast to the more experienced buyer.</p>\n<p>2020 was a breakout year for Coinbase, so it isn't surprising that it caught Wood's attention. Coinbase reported that revenue grew 139% year over year to $1.14 billion. At the same time, profits turned positive with net income of $322 million, pivoting from a loss of $30 million in 2019. As a result, the company's adjusted EBITDA surged more than 2,000% to $527 million.</p>\n<p>Preliminary results show that growth accelerated during the first quarter of this year. Revenue surged to $1.8 billion, a ninefold increase from $191 million in the prior-year quarter. For context, revenue tripled compared to the fourth quarter, while exceeding Coinbase's revenue for all of last year. While the final numbers haven't been released, net income is expected to be in a range of $730 million to $800 million, soaring nearly 2,300% year over year, at the midpoint of its range.</p>\n<p>Given the eye-catching results, Coinbase would have certainly been on Wood's radar.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F622066%2Fshiny-gold-bitcoin-with-market-graph-background.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"463\"><span>Image source: Getty Images.</span></p>\n<h2>2. A longtime believer in cryptocurrency</h2>\n<p>Wood has long been a proponent of digital assets, buying <b>Bitcoin</b>&nbsp;back in 2015 -- before it entered the zeitgeist. She was particularly intrigued by the potential for blockchain, the digital ledger technology that underpins cryptocurrency. Wood has even gone so far as to say that Bitcoin's price could eventually top $500,000 -- nine times its current price, which is around $55,000 at this writing.</p>\n<p>A quick look at ARK's funds shows that Wood continues to bet big on the potential for cryptocurrency and blockchain. ARK Next Generation Internet holds more than 5% of its $6.9 billion in funds under management in <b>Grayscale Bitcoin Trust</b>&nbsp;-- the first publicly traded security investing solely in Bitcoin.</p>\n<p>That's not all. <b>Square</b> is the No. 1, 2, or 3 holding of three ARK funds and was among the first to offer users more widespread cryptocurrency accessibility. The point-of-sale and digital payments provider first tested buying and selling Bitcoin on its platform in late 2017,&nbsp;before expanding access to all users in early 2018.&nbsp;Rival <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b>&nbsp;also debuted a service late last year that enables users to buy, hold, and sell cryptocurrency. The digital payments pioneer is another significant holding in two of ARK's funds.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c550b69128615840dbd71444ac6fb94\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>3. Cryptocurrency is still in its infancy</h2>\n<p>While it may seem like cryptocurrency is finally entering the mainstream, it's actually still early days for the digital payment method. Hester Peirce, a commissioner with the Securities and Exchange Commission, says cryptocurrency is still in its infancy, but interest is growing.</p>\n<p>\"We're seeing more interest coming from institutional quarters than we have in the past,\" Peirce said during a live-stream financial conference. \"As people are more comfortable working in a virtual world in every industry now, I think people are likely to turn more interest to the crypto space. And as people are looking to diversify their portfolios, I think people are also likely to look more to the crypto space.\"</p>\n<p>A recent study of 30,000 Americans found that roughly 57% say they understand cryptocurrency, about 14% say they are currently invested in crypto and another 15% are planning to invest, according to a nationwide poll conducted by Piplsay Research.</p>\n<p>Meanwhile, 43% of respondents said they either didn't understand or hadn't even heard of cryptocurrencies. This shows that cryptocurrency has a long way to go before it reaches maturity, with plenty of growth potential.</p>\n<h2>A bit of context</h2>\n<p>It's important to put Wood's purchase of Coinbase Global into context. After buying more than a million shares and spending hundreds of millions of dollars, Coinbase only amounts to a little more than 1% of funds under management for each of the three ARK funds that hold the stock.</p>\n<p>By adding Coinbase into the mix, however, Wood is increasing her bet on the overall potential for cryptocurrency, without putting too many eggs in <a href=\"https://laohu8.com/S/AONE\">one</a> basket.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Reasons Cathie Wood Has Invested $580 Million in Coinbase's IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Reasons Cathie Wood Has Invested $580 Million in Coinbase's IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/22/3-reasons-cathie-wood-has-invested-580-million-in/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood has become something of an investing phenomenon over the past year. The founder and CEO of ARK Investment Management made a name for herself in 2020 when her five flagship exchange-traded ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/22/3-reasons-cathie-wood-has-invested-580-million-in/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internet ETF","COIN":"Coinbase Global, Inc."},"source_url":"https://www.fool.com/investing/2021/04/22/3-reasons-cathie-wood-has-invested-580-million-in/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129533898","content_text":"Cathie Wood has become something of an investing phenomenon over the past year. The founder and CEO of ARK Investment Management made a name for herself in 2020 when her five flagship exchange-traded funds (ETFs) crushed the returns of the broader market, each notching gains of more than 100%, by focusing on emerging technologies and disruptive high-growth stocks.\nWood made headlines again last week when she invested in Coinbase Global (NASDAQ:COIN) on the day it went public. ARK hasn't stopped there, buying more Coinbase stock each day since its direct listing. ARK Invest now owns almost 1.9 million Coinbase shares -- worth roughly $580 million at Thursday's prices -- in three of the firm's ETFs: ARK Fintech Innovation, ARK Innovation, and ARK Next Generation Internet.\nLet's look at three reasons Wood was so quick to add Coinbase shares to ARK Invest's coffers.\nImage source: Getty Images.\n1. A breakout year for Coinbase\nThe ongoing boom in cryptocurrency has attracted the attention of novice and experienced investors alike. Coinbase Global is the leading cryptocurrency exchange in the U.S., allowing enthusiasts to buy and sell a wide range of popular digital currencies. The company makes the majority of its revenue from the transaction fees it charges for each sale.\nThe platform has more than 56 million individual users, 7,000 institutions, and 115,000 partners in over 100 countries. Its growing user base gives the company an unmatched ecosystem that has something for everyone, from the beginning cryptocurrency enthusiast to the more experienced buyer.\n2020 was a breakout year for Coinbase, so it isn't surprising that it caught Wood's attention. Coinbase reported that revenue grew 139% year over year to $1.14 billion. At the same time, profits turned positive with net income of $322 million, pivoting from a loss of $30 million in 2019. As a result, the company's adjusted EBITDA surged more than 2,000% to $527 million.\nPreliminary results show that growth accelerated during the first quarter of this year. Revenue surged to $1.8 billion, a ninefold increase from $191 million in the prior-year quarter. For context, revenue tripled compared to the fourth quarter, while exceeding Coinbase's revenue for all of last year. While the final numbers haven't been released, net income is expected to be in a range of $730 million to $800 million, soaring nearly 2,300% year over year, at the midpoint of its range.\nGiven the eye-catching results, Coinbase would have certainly been on Wood's radar.\nImage source: Getty Images.\n2. A longtime believer in cryptocurrency\nWood has long been a proponent of digital assets, buying Bitcoin back in 2015 -- before it entered the zeitgeist. She was particularly intrigued by the potential for blockchain, the digital ledger technology that underpins cryptocurrency. Wood has even gone so far as to say that Bitcoin's price could eventually top $500,000 -- nine times its current price, which is around $55,000 at this writing.\nA quick look at ARK's funds shows that Wood continues to bet big on the potential for cryptocurrency and blockchain. ARK Next Generation Internet holds more than 5% of its $6.9 billion in funds under management in Grayscale Bitcoin Trust -- the first publicly traded security investing solely in Bitcoin.\nThat's not all. Square is the No. 1, 2, or 3 holding of three ARK funds and was among the first to offer users more widespread cryptocurrency accessibility. The point-of-sale and digital payments provider first tested buying and selling Bitcoin on its platform in late 2017, before expanding access to all users in early 2018. Rival PayPal Holdings also debuted a service late last year that enables users to buy, hold, and sell cryptocurrency. The digital payments pioneer is another significant holding in two of ARK's funds.\nImage source: Getty Images.\n3. Cryptocurrency is still in its infancy\nWhile it may seem like cryptocurrency is finally entering the mainstream, it's actually still early days for the digital payment method. Hester Peirce, a commissioner with the Securities and Exchange Commission, says cryptocurrency is still in its infancy, but interest is growing.\n\"We're seeing more interest coming from institutional quarters than we have in the past,\" Peirce said during a live-stream financial conference. \"As people are more comfortable working in a virtual world in every industry now, I think people are likely to turn more interest to the crypto space. And as people are looking to diversify their portfolios, I think people are also likely to look more to the crypto space.\"\nA recent study of 30,000 Americans found that roughly 57% say they understand cryptocurrency, about 14% say they are currently invested in crypto and another 15% are planning to invest, according to a nationwide poll conducted by Piplsay Research.\nMeanwhile, 43% of respondents said they either didn't understand or hadn't even heard of cryptocurrencies. This shows that cryptocurrency has a long way to go before it reaches maturity, with plenty of growth potential.\nA bit of context\nIt's important to put Wood's purchase of Coinbase Global into context. After buying more than a million shares and spending hundreds of millions of dollars, Coinbase only amounts to a little more than 1% of funds under management for each of the three ARK funds that hold the stock.\nBy adding Coinbase into the mix, however, Wood is increasing her bet on the overall potential for cryptocurrency, without putting too many eggs in one basket.","news_type":1,"symbols_score_info":{"ARKF":0.9,"ARKW":0.9,"COIN":0.9}},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164069260,"gmtCreate":1624161767250,"gmtModify":1631891665838,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/164069260","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":1414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377849438,"gmtCreate":1619517709724,"gmtModify":1634212120823,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/377849438","repostId":"1155157199","repostType":4,"repost":{"id":"1155157199","kind":"news","pubTimestamp":1619494851,"share":"https://ttm.financial/m/news/1155157199?lang=&edition=full","pubTime":"2021-04-27 11:40","market":"us","language":"en","title":"Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155157199","media":"Barrons","summary":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.J.P. Mo","content":"<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.</p><p>The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.&nbsp; On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.</p><p>The shares have gained 18% year to date.</p><p>Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system.&nbsp;</p><p>Microsoft breaks down its results into&nbsp;three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.</p><p>When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.</p><p>In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.</p><p>Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.</p><p>“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”</p><p>J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.</p><p>Wedbush analyst Dan Ives&nbsp;forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.</p><p>Citi analyst Tyler Radke&nbsp;last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”&nbsp;</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.</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\">\nMicrosoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 11:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is ...</p>\n\n<a href=\"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155157199","content_text":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.The shares have gained 18% year to date.Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system. Microsoft breaks down its results into three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.Wedbush analyst Dan Ives forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.Citi analyst Tyler Radke last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346996420,"gmtCreate":1617978423460,"gmtModify":1634295403222,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/346996420","repostId":"1180128899","repostType":4,"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315791769,"gmtCreate":1612276210051,"gmtModify":1703759723473,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Hold on bros","listText":"<a href=\"https://laohu8.com/S/AMC\">$AMC Entertainment(AMC)$</a>Hold on bros","text":"$AMC Entertainment(AMC)$Hold on bros","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/315791769","isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"终于等到了您的初发帖[比心][比心]希望您能在老虎社区玩得愉快、赚得开心！如果您想创作优质文章，请查看老虎社区创作指引","text":"终于等到了您的初发帖[比心][比心]希望您能在老虎社区玩得愉快、赚得开心！如果您想创作优质文章，请查看老虎社区创作指引","html":"终于等到了您的初发帖[比心][比心]希望您能在老虎社区玩得愉快、赚得开心！如果您想创作优质文章，请查看老虎社区创作指引"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378198798,"gmtCreate":1619008541114,"gmtModify":1634289269506,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/378198798","repostId":"2129829074","repostType":4,"isVote":1,"tweetType":1,"viewCount":296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350436202,"gmtCreate":1616249468006,"gmtModify":1634526585227,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350436202","repostId":"1128367483","repostType":4,"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324843179,"gmtCreate":1615986148591,"gmtModify":1703495943551,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324843179","repostId":"2120218579","repostType":4,"repost":{"id":"2120218579","kind":"news","pubTimestamp":1615984920,"share":"https://ttm.financial/m/news/2120218579?lang=&edition=full","pubTime":"2021-03-17 20:42","market":"us","language":"en","title":"3 Stocks to Buy With Dividends Yielding More than 6%","url":"https://stock-news.laohu8.com/highlight/detail?id=2120218579","media":"James Brumley","summary":"Investors still have a handful of high-paying options at their disposal if they just think a little outside the box.","content":"<p>Interest rates may be up from the lows they hit in the middle of last year, when the novel coronavirus pandemic was raging. But with rates not too much improved from those record lows, overall stock dividend yields are correspondingly low.</p>\n<p>Thankfully, there are some compelling exceptions to this norm. Among the best opportunities income investors may want to consider today are <b>Iron Mountain</b> (NYSE:IRM), <b>ONEOK</b> (NYSE:OKE), and <b>Artisan Partners Asset Management</b> (NYSE:APAM). Here's a closer look.</p>\n<p><img src=\"https://static.tigerbbs.com/a2302ba0f944ffb7332dd0a711230eb3\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p><b>Iron Mountain</b></p>\n<p><b>Dividend yield: 6.7%</b></p>\n<p>Iron Mountain's roots are curious, to say the least -- its business is based on storing paperwork for organizations that don't have room to retain those documents on site. For instance, banks are required to keep signed loan papers, but they aren't required to keep those documents right behind the counter.</p>\n<p>The company has expanded its offerings since its 1951 inception, adding related services like document shredding and even the safe storage of artwork. It's also adapted to the digitalization of the workplace, providing document scanning services and cloud data backup, just to name a few items on its more modern menu. Not only are all of these offerings perpetually marketable, but its services are cross-marketable. That is to say, users of <a href=\"https://laohu8.com/S/AONE\">one</a> of its services are likely to need another.</p>\n<p>That's not the nuance that makes Iron Mountain such a reliable dividend name, however. The big selling feature here is the nature of the business. Organizations pay an ongoing fee to Iron Mountain for its services, which are relatively easy (read: inexpensive) to maintain once they're set up. In other words, there's time and trouble involved in bringing a load of paperwork to a warehouse where it must be shelved. Once it's on that shelf, though, the company's customers mostly pay Iron Mountain to sit on it.</p>\n<p>There's not a ton of growth in the business, but there's lots of regular, predictable cash flow. And because Iron Mountain is structured as a real estate investment trust (REIT), it's required to pay out at least 90% of taxable income to shareholders. End result? The company hasn't failed to pay a dividend in any quarter since early 2010.</p>\n<p><b>ONEOK</b></p>\n<p><b>Dividend yield: 7.2%</b></p>\n<p>Most investors might know crude oil and natural gas prices tanked in the first half of last year, largely on fears of a coronavirus-induced recession. What they may not realize, though, is that demand for gas and oil never actually slumped to any meaningful degree. The U.S. Energy Information Administration estimates worldwide consumption of crude only fell 9% in 2020, with much of that contraction linked to logistics hurdles rather than demand issues. The EIA further estimates U.S. consumption of natural gas fell last year as well, though only about 2%.</p>\n<p>The data highlights an important reality of the energy market: Not all energy stocks are the same. Explorers and producers are tremendously affected by plunging hydrocarbon values, as the cost of drilling and extracting is the same regardless of the sales price of the gas and oil being extracted and delivered. The cost of delivering that gas and oil, however, holds pretty steady.</p>\n<p>Enter ONEOK, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the nation's leading natural gas pipeline and processing companies. It's paid by the cubic foot for gas it gathers, processes, or transports regardless of that gas's value at the time.</p>\n<p>The business's resiliency is evident in last year's results. Despite plunging gas and crude prices, ONEOK's 2020 EBITDA was 6% better than 2019's despite the demand headwind. The company is calling for rebounding volumes this year, too.Granted, this resiliency and bright outlook didn't prompt ONEOK to up its dividend beginning with the first payout of 2020, as it usually does. That decision, however, doesn't necessarily preclude the company from doing so at a later date this year. Perhaps more important. ONEOK hasn't failed to pay a dividend in any quarter since the early '70s.</p>\n<p>Best of all, it can afford to pay the dividends it's dishing out. While ONEOK's operating per-share earnings are historically less than than its dividend, in the capital-intensive gas pipeline business, distributable cash flow (or DCF) is a much more accurate measure of how well supported a payout is. Despite last year's challenges, the company's 2020 DCF of about $4.38 was more than enough to fund the dividend of $3.74.&nbsp; The same story goes for previous years.</p>\n<p><b>Artisan Partners Asset Management</b></p>\n<p><b>Dividend yield: 6.2%</b></p>\n<p>Finally, have you ever heard of the Artisan family of mutual funds? You can also invest in the company that manages them, collecting a piece of the fees it collects every quarter for the assets under the company's management umbrella.</p>\n<p>Artisan Partners' business model is quite a bit like Iron Mountain's, in that the company collects ongoing revenue for providing a modicum of service to existing customers without necessarily bringing in new ones. That's not to say Artisan doesn't strive to add new investments in its funds, nor is it to suggest investors don't close out their positions in these funds on a regular basis. Heck, even the market's ebb and flow affects the value of the investment pools the fund company bases its quarterly management fees on.</p>\n<p>On balance, though, the corresponding cash flow is pretty steady even if absolute growth isn't. Indeed, the company hasn't failed to produce a profit in any quarter since it went public back in 2013. This has allowed the asset manager to pay a reliable, healthy dividend every quarter since then, even if the amount of the payout hasn't been completely predictable.</p>\n<p>Artisan Partners brings something else to the table in the meantime: value. Shares are priced at a palatable 15 times earnings for the past 12 months and only 11 times the coming year's projected per-share profits. The stock is also priced 16% under analysts' current consensus target, opening the door to some price appreciation while investors collect their above-average dividends.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks to Buy With Dividends Yielding More than 6%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks to Buy With Dividends Yielding More than 6%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-17 20:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/17/3-stocks-to-buy-with-dividends-yielding-more-than/><strong>James Brumley</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Interest rates may be up from the lows they hit in the middle of last year, when the novel coronavirus pandemic was raging. But with rates not too much improved from those record lows, overall stock ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/17/3-stocks-to-buy-with-dividends-yielding-more-than/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OKE":"欧尼克（万欧卡）","IRM":"爱恩铁山","APAM":"Artisan Partners Asset Managemen"},"source_url":"https://www.fool.com/investing/2021/03/17/3-stocks-to-buy-with-dividends-yielding-more-than/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120218579","content_text":"Interest rates may be up from the lows they hit in the middle of last year, when the novel coronavirus pandemic was raging. But with rates not too much improved from those record lows, overall stock dividend yields are correspondingly low.\nThankfully, there are some compelling exceptions to this norm. Among the best opportunities income investors may want to consider today are Iron Mountain (NYSE:IRM), ONEOK (NYSE:OKE), and Artisan Partners Asset Management (NYSE:APAM). Here's a closer look.\n\nImage source: Getty Images.\nIron Mountain\nDividend yield: 6.7%\nIron Mountain's roots are curious, to say the least -- its business is based on storing paperwork for organizations that don't have room to retain those documents on site. For instance, banks are required to keep signed loan papers, but they aren't required to keep those documents right behind the counter.\nThe company has expanded its offerings since its 1951 inception, adding related services like document shredding and even the safe storage of artwork. It's also adapted to the digitalization of the workplace, providing document scanning services and cloud data backup, just to name a few items on its more modern menu. Not only are all of these offerings perpetually marketable, but its services are cross-marketable. That is to say, users of one of its services are likely to need another.\nThat's not the nuance that makes Iron Mountain such a reliable dividend name, however. The big selling feature here is the nature of the business. Organizations pay an ongoing fee to Iron Mountain for its services, which are relatively easy (read: inexpensive) to maintain once they're set up. In other words, there's time and trouble involved in bringing a load of paperwork to a warehouse where it must be shelved. Once it's on that shelf, though, the company's customers mostly pay Iron Mountain to sit on it.\nThere's not a ton of growth in the business, but there's lots of regular, predictable cash flow. And because Iron Mountain is structured as a real estate investment trust (REIT), it's required to pay out at least 90% of taxable income to shareholders. End result? The company hasn't failed to pay a dividend in any quarter since early 2010.\nONEOK\nDividend yield: 7.2%\nMost investors might know crude oil and natural gas prices tanked in the first half of last year, largely on fears of a coronavirus-induced recession. What they may not realize, though, is that demand for gas and oil never actually slumped to any meaningful degree. The U.S. Energy Information Administration estimates worldwide consumption of crude only fell 9% in 2020, with much of that contraction linked to logistics hurdles rather than demand issues. The EIA further estimates U.S. consumption of natural gas fell last year as well, though only about 2%.\nThe data highlights an important reality of the energy market: Not all energy stocks are the same. Explorers and producers are tremendously affected by plunging hydrocarbon values, as the cost of drilling and extracting is the same regardless of the sales price of the gas and oil being extracted and delivered. The cost of delivering that gas and oil, however, holds pretty steady.\nEnter ONEOK, one of the nation's leading natural gas pipeline and processing companies. It's paid by the cubic foot for gas it gathers, processes, or transports regardless of that gas's value at the time.\nThe business's resiliency is evident in last year's results. Despite plunging gas and crude prices, ONEOK's 2020 EBITDA was 6% better than 2019's despite the demand headwind. The company is calling for rebounding volumes this year, too.Granted, this resiliency and bright outlook didn't prompt ONEOK to up its dividend beginning with the first payout of 2020, as it usually does. That decision, however, doesn't necessarily preclude the company from doing so at a later date this year. Perhaps more important. ONEOK hasn't failed to pay a dividend in any quarter since the early '70s.\nBest of all, it can afford to pay the dividends it's dishing out. While ONEOK's operating per-share earnings are historically less than than its dividend, in the capital-intensive gas pipeline business, distributable cash flow (or DCF) is a much more accurate measure of how well supported a payout is. Despite last year's challenges, the company's 2020 DCF of about $4.38 was more than enough to fund the dividend of $3.74.  The same story goes for previous years.\nArtisan Partners Asset Management\nDividend yield: 6.2%\nFinally, have you ever heard of the Artisan family of mutual funds? You can also invest in the company that manages them, collecting a piece of the fees it collects every quarter for the assets under the company's management umbrella.\nArtisan Partners' business model is quite a bit like Iron Mountain's, in that the company collects ongoing revenue for providing a modicum of service to existing customers without necessarily bringing in new ones. That's not to say Artisan doesn't strive to add new investments in its funds, nor is it to suggest investors don't close out their positions in these funds on a regular basis. Heck, even the market's ebb and flow affects the value of the investment pools the fund company bases its quarterly management fees on.\nOn balance, though, the corresponding cash flow is pretty steady even if absolute growth isn't. Indeed, the company hasn't failed to produce a profit in any quarter since it went public back in 2013. This has allowed the asset manager to pay a reliable, healthy dividend every quarter since then, even if the amount of the payout hasn't been completely predictable.\nArtisan Partners brings something else to the table in the meantime: value. Shares are priced at a palatable 15 times earnings for the past 12 months and only 11 times the coming year's projected per-share profits. The stock is also priced 16% under analysts' current consensus target, opening the door to some price appreciation while investors collect their above-average dividends.","news_type":1,"symbols_score_info":{"APAM":0.9,"IRM":0.9,"OKE":0.9}},"isVote":1,"tweetType":1,"viewCount":217,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123526431,"gmtCreate":1624430472323,"gmtModify":1631891665828,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/123526431","repostId":"2145066431","repostType":4,"isVote":1,"tweetType":1,"viewCount":1364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166536282,"gmtCreate":1624016667246,"gmtModify":1631891665850,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","listText":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","text":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166536282","repostId":"2144773750","repostType":4,"repost":{"id":"2144773750","kind":"highlight","pubTimestamp":1624014000,"share":"https://ttm.financial/m/news/2144773750?lang=&edition=full","pubTime":"2021-06-18 19:00","market":"us","language":"en","title":"This Under-the-Radar Payments Company Could Be a Great Investment","url":"https://stock-news.laohu8.com/highlight/detail?id=2144773750","media":"Motley Fool","summary":"While many investors chase new, highflying entrants to the financial services sector, this 46-year-old SaaS payments company might represent excellent value.","content":"<p>The financial sector is constantly evolving -- especially the payments industry, which is home to countless new companies that are trying to change the way consumers trade with merchants. But some of the most important innovations haven't come from young, exciting companies.</p>\n<p>Founded in 1975, <b>ACI Worldwide</b> (NASDAQ:ACIW) is responsible for processing over $14 trillion worth of daily transactions and does business with 19 of the world's 20 largest banks. Aside from becoming the target of an activist investor in 2020, this company is rarely a hot topic in investment circles. It hosts a modest valuation compared to some of the smaller disruptors in the sector yet has delivered solid growth recently, and is projected to continue doing so. It's definitely worth considering for your portfolio.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7a2cdff04063f294d2a2063a870dbd1b\" tg-width=\"700\" tg-height=\"466\"><span>Image Source: Getty Images</span></p>\n<h2>A variety of solutions</h2>\n<p>ACI Worldwide is ambitious. It strives to be a software-driven, <a href=\"https://laohu8.com/S/AONE\">one</a>-stop payments provider for businesses of all kinds. It doesn't just process transactions; it also offers billing solutions to assist businesses with customer interactions -- and even a digital debt-collections service!</p>\n<p>It reports revenue and EBITDA in three different parts to offer clarity on the best-performing areas of its business:</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Segment</p></th>\n   <th><p>Q1 2021 Revenue (millions)</p></th>\n   <th><p>Q1 2021 EBITDA (millions)</p></th>\n   <th><p>Q1 2021 EBITDA Margin</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p>Banks</p></td>\n   <td><p>$95.9</p></td>\n   <td><p>$37.2</p></td>\n   <td><p>38.7%</p></td>\n  </tr>\n  <tr>\n   <td><p>Merchants</p></td>\n   <td><p>$38.7</p></td>\n   <td><p>$14.7</p></td>\n   <td><p>37.9%</p></td>\n  </tr>\n  <tr>\n   <td><p>Billers</p></td>\n   <td><p>$150.6</p></td>\n   <td><p>$34.0</p></td>\n   <td><p>22.5%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>DATA SOURCE: COMPANY FILINGS</p>\n<p>The billers segment makes up more than half of the company's revenue, but is the least profitable with the smallest EBITDA margin. Billers are typically companies that draw regular payments from customers, like a phone or utilities provider. The biggest margins come from banks, who use ACI's white-label software to run online portals and internet banking for customers. This is particularly distinctive, because most other payments companies are focused on <i>changing</i> banking and finance, not necessarily <i>serving</i> traditional banks.</p>\n<p>The company also provides merchant services, helping physical businesses build their presence online, and offers in-store payment solutions.</p>\n<p>Ultimately, ACI is helping to digitize merchants, providing them with the opportunity to harness omnichannel strategies. From in-store payments to online payments, businesses rely on ACI's software solutions, and with features like integrated machine learning-based fraud protection, they can operate with confidence.</p>\n<p>ACI runs under a software as a service (SaaS) business model, which means most of its revenue is recurring (subscription-based). The majority of its services are delivered in the cloud, making them truly mobile, which is essential when facilitating global transactions.</p>\n<p>As recently as the first-quarter 2021 earnings release, ACI flagged its search for potential acquisitions in an attempt to further supplement its current product offerings and also expand them. Acquisitions aren't new for this company. In 2019, it purchased Speedpay from <b>Western Union</b>, which it has integrated into its existing billing platform. It also added Walletron in the same year, allowing for integrations with Apple Wallet and Google Pay, to give consumers more mobile payment options.</p>\n<h2>The rule of 40</h2>\n<p>Despite growing revenues, earnings per share (EPS) have been stagnant for the last few years. However, analysts expect full-year 2021 growth of 85% driven by the company's projected ''rule of 40'' milestone. ACI has chosen to measure its performance by this metric, as it is widely recognized by investors in the SaaS space.</p>\n<p>A company passes the rule of 40 test when its revenue growth rate and profit margin add up to 40% or more. It can be achieved in different ways: A revenue growth of 20% and a 20% earnings before interest, taxes, depreciation, and amortization (EBITDA) margin is the benchmark; but 40% revenue growth and a 0% EBITDA margin would also qualify.</p>\n<p>SaaS companies that maintain the rule of 40 typically attract higher earnings multiples in the market, indicating that investors favor them over their peers, which are growing the key metrics at a slower rate.</p>\n<table>\n <thead>\n  <tr>\n   <th><p>Metric</p></th>\n   <th><p>2019</p></th>\n   <th><p>2020</p></th>\n   <th><p>Q1 2021</p></th>\n   <th><p>2021 Full-Year Estimate</p></th>\n   <th><p>2022 Full-Year Estimate</p></th>\n  </tr>\n </thead>\n <tbody>\n  <tr>\n   <td><p>Revenue (millions)</p></td>\n   <td><p>$1,258</p></td>\n   <td><p>$1,294</p></td>\n   <td><p>$285</p></td>\n   <td><p>$1,330</p></td>\n   <td><p>$1,400</p></td>\n  </tr>\n  <tr>\n   <td><p>Earnings Per Share</p></td>\n   <td><p>$0.57</p></td>\n   <td><p>$0.62</p></td>\n   <td><p>$0.15</p></td>\n   <td><p>$1.15</p></td>\n   <td><p>$1.28</p></td>\n  </tr>\n </tbody>\n</table>\n<p>DATA SOURCE: COMPANY FILINGS, YAHOO! FINANCE</p>\n<p>For the full-year 2020, ACI achieved a net adjusted EBITDA margin of 37% and revenue growth of 2.8%, so it was mere basis points away from achieving the rule of 40 milestone. It has projected it will reach it for the full year 2021; however, Q1 was a little sluggish, attributable to persistent COVID-related headwinds. It delivered an EBITDA margin of just 23%, and a revenue <i>contraction</i> of 2%. However, it's still early in the year, and ACI has guided for revenue to grow (sequentially) in Q2.</p>\n<p>Growth this year could be driven by the merchants segment. Although it's the smallest for the company, with businesses reopening after COVID lockdowns, there is an opportunity for ACI to capture new customers. As it's really profitable (almost as profitable as the banking segment), it could also be a big contributor to blended EBITDA margins.</p>\n<h2>A modest valuation</h2>\n<p>Financial services companies are typically given smaller valuations compared to companies in other sectors, like technology. With a $4.6 billion market cap, ACI Worldwide trades at just 3.5 times trailing 12-month revenue. But given its digital and technological focus, there is an opportunity for the company to prove itself to growth investors, and potentially attract a higher valuation by generating stronger operating performance..</p>\n<p>By comparison, payments giant <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a> Holdings</b> trades at 14.3 times trailing 12-month revenue,&nbsp;although it is growing much more quickly. PayPal does operate an entirely different business model, but it has similar goals, which involve facilitating instant transacting worldwide.</p>\n<p>The rule of 40 could be the key to unlocking consistent earnings growth in the coming years as analysts are predicting. Revenue growth has been the main hurdle for ACI, and it will need to innovate to generate better results, whether organically or by acquisition. At Thursday's close, the stock was trading at pennies higher than where it opened the year, but that could change with improved results in the coming quarters.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Under-the-Radar Payments Company Could Be a Great Investment</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\">\nThis Under-the-Radar Payments Company Could Be a Great Investment\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/18/under-the-radar-payments-company-could-be-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The financial sector is constantly evolving -- especially the payments industry, which is home to countless new companies that are trying to change the way consumers trade with merchants. But some of ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/18/under-the-radar-payments-company-could-be-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACIW":"ACI环球"},"source_url":"https://www.fool.com/investing/2021/06/18/under-the-radar-payments-company-could-be-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144773750","content_text":"The financial sector is constantly evolving -- especially the payments industry, which is home to countless new companies that are trying to change the way consumers trade with merchants. But some of the most important innovations haven't come from young, exciting companies.\nFounded in 1975, ACI Worldwide (NASDAQ:ACIW) is responsible for processing over $14 trillion worth of daily transactions and does business with 19 of the world's 20 largest banks. Aside from becoming the target of an activist investor in 2020, this company is rarely a hot topic in investment circles. It hosts a modest valuation compared to some of the smaller disruptors in the sector yet has delivered solid growth recently, and is projected to continue doing so. It's definitely worth considering for your portfolio.\nImage Source: Getty Images\nA variety of solutions\nACI Worldwide is ambitious. It strives to be a software-driven, one-stop payments provider for businesses of all kinds. It doesn't just process transactions; it also offers billing solutions to assist businesses with customer interactions -- and even a digital debt-collections service!\nIt reports revenue and EBITDA in three different parts to offer clarity on the best-performing areas of its business:\n\n\n\nSegment\nQ1 2021 Revenue (millions)\nQ1 2021 EBITDA (millions)\nQ1 2021 EBITDA Margin\n\n\n\n\nBanks\n$95.9\n$37.2\n38.7%\n\n\nMerchants\n$38.7\n$14.7\n37.9%\n\n\nBillers\n$150.6\n$34.0\n22.5%\n\n\n\nDATA SOURCE: COMPANY FILINGS\nThe billers segment makes up more than half of the company's revenue, but is the least profitable with the smallest EBITDA margin. Billers are typically companies that draw regular payments from customers, like a phone or utilities provider. The biggest margins come from banks, who use ACI's white-label software to run online portals and internet banking for customers. This is particularly distinctive, because most other payments companies are focused on changing banking and finance, not necessarily serving traditional banks.\nThe company also provides merchant services, helping physical businesses build their presence online, and offers in-store payment solutions.\nUltimately, ACI is helping to digitize merchants, providing them with the opportunity to harness omnichannel strategies. From in-store payments to online payments, businesses rely on ACI's software solutions, and with features like integrated machine learning-based fraud protection, they can operate with confidence.\nACI runs under a software as a service (SaaS) business model, which means most of its revenue is recurring (subscription-based). The majority of its services are delivered in the cloud, making them truly mobile, which is essential when facilitating global transactions.\nAs recently as the first-quarter 2021 earnings release, ACI flagged its search for potential acquisitions in an attempt to further supplement its current product offerings and also expand them. Acquisitions aren't new for this company. In 2019, it purchased Speedpay from Western Union, which it has integrated into its existing billing platform. It also added Walletron in the same year, allowing for integrations with Apple Wallet and Google Pay, to give consumers more mobile payment options.\nThe rule of 40\nDespite growing revenues, earnings per share (EPS) have been stagnant for the last few years. However, analysts expect full-year 2021 growth of 85% driven by the company's projected ''rule of 40'' milestone. ACI has chosen to measure its performance by this metric, as it is widely recognized by investors in the SaaS space.\nA company passes the rule of 40 test when its revenue growth rate and profit margin add up to 40% or more. It can be achieved in different ways: A revenue growth of 20% and a 20% earnings before interest, taxes, depreciation, and amortization (EBITDA) margin is the benchmark; but 40% revenue growth and a 0% EBITDA margin would also qualify.\nSaaS companies that maintain the rule of 40 typically attract higher earnings multiples in the market, indicating that investors favor them over their peers, which are growing the key metrics at a slower rate.\n\n\n\nMetric\n2019\n2020\nQ1 2021\n2021 Full-Year Estimate\n2022 Full-Year Estimate\n\n\n\n\nRevenue (millions)\n$1,258\n$1,294\n$285\n$1,330\n$1,400\n\n\nEarnings Per Share\n$0.57\n$0.62\n$0.15\n$1.15\n$1.28\n\n\n\nDATA SOURCE: COMPANY FILINGS, YAHOO! FINANCE\nFor the full-year 2020, ACI achieved a net adjusted EBITDA margin of 37% and revenue growth of 2.8%, so it was mere basis points away from achieving the rule of 40 milestone. It has projected it will reach it for the full year 2021; however, Q1 was a little sluggish, attributable to persistent COVID-related headwinds. It delivered an EBITDA margin of just 23%, and a revenue contraction of 2%. However, it's still early in the year, and ACI has guided for revenue to grow (sequentially) in Q2.\nGrowth this year could be driven by the merchants segment. Although it's the smallest for the company, with businesses reopening after COVID lockdowns, there is an opportunity for ACI to capture new customers. As it's really profitable (almost as profitable as the banking segment), it could also be a big contributor to blended EBITDA margins.\nA modest valuation\nFinancial services companies are typically given smaller valuations compared to companies in other sectors, like technology. With a $4.6 billion market cap, ACI Worldwide trades at just 3.5 times trailing 12-month revenue. But given its digital and technological focus, there is an opportunity for the company to prove itself to growth investors, and potentially attract a higher valuation by generating stronger operating performance..\nBy comparison, payments giant PayPal Holdings trades at 14.3 times trailing 12-month revenue, although it is growing much more quickly. PayPal does operate an entirely different business model, but it has similar goals, which involve facilitating instant transacting worldwide.\nThe rule of 40 could be the key to unlocking consistent earnings growth in the coming years as analysts are predicting. Revenue growth has been the main hurdle for ACI, and it will need to innovate to generate better results, whether organically or by acquisition. At Thursday's close, the stock was trading at pennies higher than where it opened the year, but that could change with improved results in the coming quarters.","news_type":1,"symbols_score_info":{"ACIW":0.9}},"isVote":1,"tweetType":1,"viewCount":1306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189003302,"gmtCreate":1623230179206,"gmtModify":1634035577196,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571614044609884","authorIdStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/189003302","repostId":"2142290449","repostType":4,"repost":{"id":"2142290449","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623228640,"share":"https://ttm.financial/m/news/2142290449?lang=&edition=full","pubTime":"2021-06-09 16:50","market":"sh","language":"en","title":"Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2142290449","media":"Reuters","summary":"DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $","content":"<p>DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco&nbsp;is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.</p>\n<p>The debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.</p>\n<p>Initial price guidance was around 105 basis points (bps) over U.S. Treasuries <a href=\"https://laohu8.com/S/UST\">$(UST)$</a> for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.</p>\n<p>Aramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.</p>\n<p>The company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.</p>\n<p>Aramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.</p>\n<p>A source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.</p>\n<p>Active bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International&nbsp;and Dubai Islamic Bank.</p>\n<p>(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)</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>Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - 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; 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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\">\nSaudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-09 16:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco&nbsp;is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.</p>\n<p>The debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.</p>\n<p>Initial price guidance was around 105 basis points (bps) over U.S. Treasuries <a href=\"https://laohu8.com/S/UST\">$(UST)$</a> for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.</p>\n<p>Aramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.</p>\n<p>The company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.</p>\n<p>Aramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.</p>\n<p>A source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.</p>\n<p>Active bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International&nbsp;and Dubai Islamic Bank.</p>\n<p>(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MS":"摩根士丹利","GS":"高盛","JPM":"摩根大通","C":"花旗"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142290449","content_text":"DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.\nThe debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.\nInitial price guidance was around 105 basis points (bps) over U.S. Treasuries $(UST)$ for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.\nAramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.\nThe company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.\nAramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.\nA source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.\nActive bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International and Dubai Islamic Bank.\n(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)","news_type":1,"symbols_score_info":{"C":0.9,"GS":0.9,"JPM":0.9,"MS":0.9}},"isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}