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Ronn
2021-07-21
Finally
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Ronn
2021-07-19
Wow
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Ronn
2021-07-15
Finally!
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Ronn
2021-07-13
Wow
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Ronn
2021-07-12
Great
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Ronn
2021-07-11
Wow
The Meme Stock Trade Is Far From Over. What Investors Need to Know.
Ronn
2021-07-10
Agreed
Why Virgin Galactic Is a Better Buy Than AMC
Ronn
2021-07-08
Sad
U.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows
Ronn
2021-07-07
Lol
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Ronn
2021-07-06
Wow amazing stuff. Pls like
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Ronn
2021-07-01
Should not have sold
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Ronn
2021-07-01
Wow
S&P 500 notches fifth straight record closing high, fifth straight quarterly gain
Ronn
2021-07-01
Great news finally
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Ronn
2021-06-24
Very interesting stuff
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Ronn
2021-06-22
Completely agree with this
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Ronn
2021-06-19
Wow interesting read.. did not know that
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Ronn
2021-06-18
Looks like a great buy
Alibaba Stock: The Bottoming Process Looks To Be Forming Already
Ronn
2021-06-17
Wow interesting… did not know this at all
Stock Wars: Hilton Worldwide Vs. Marriott International
Ronn
2021-06-17
Great!
Will AMC, the Meme Stock Alpha Dog, Go Even Higher?
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09:15","market":"us","language":"en","title":"The Meme Stock Trade Is Far From Over. What Investors Need to Know.","url":"https://stock-news.laohu8.com/highlight/detail?id=1112201050","media":"Barrons","summary":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the de","content":"<p>It seemed to be only a matter of time.</p>\n<p>When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p>\n<p>It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p>\n<p>The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p>\n<p>That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p>\n<p>While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p>\n<p>Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p>\n<p>A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p>\n<p><img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p>\n<p>“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.</p>\n<p>The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p>\n<p>Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p>\n<p>The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p>\n<p>Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p>\n<p>These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p>\n<p>To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p>\n<p>But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p>\n<p>“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p>\n<p>“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p>\n<p>Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p>\n<p>Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p>\n<p>But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p>\n<p><img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p>\n<p>“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p>\n<p>The swings you get can definitely make you feel some sort of way.</p>\n<p>— Matt Kohrs, 26, who streams stock analysis daily on YouTube</p>\n<p>It is now changing the lives of those who got in early and are still riding the names higher.</p>\n<p>Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.</p>\n<p>With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p>\n<p>“The swings you get can definitely make you feel some sort of way,” he says.</p>\n<p>Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p>\n<p>AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p>\n<p>Forget the boardroom. Corporate policy is now being determined in the chat room.</p>\n<p>Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p>\n<p>In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p>\n<p>There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p>\n<p>For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p>\n<p>For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p>\n<p>New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p>\n<p>“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p>\n<p>Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p>\n<p>Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p>\n<p>The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p>\n<p>The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p>\n<p>Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p>\n<p>As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p>\n<p>To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p>\n<p>Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p>\n<p>Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p>\n<p>“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.</p>\n<p>“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p>\n<p>The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p>\n<p>Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p>\n<p>Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p>\n<p>In one form or another, this is the future client base of Wall Street.</p>\n<p>Arizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p>\n<p>Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</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>The Meme Stock Trade Is Far From Over. What Investors Need to Know.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Meme Stock Trade Is Far From Over. What Investors Need to Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-11 09:15 GMT+8 <a href=https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO\">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.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112201050","content_text":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?\nIt has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.\nThe collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.\nThat is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.\nWhile trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.\nEven as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.\nA sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.\n\n“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.\nThe meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.\nMeme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.\n\nThe most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.\nUnder pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.\nThese new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”\nTo be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.\nBut ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.\n“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.\n“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.\nSosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.\nIndeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.\nBut Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.\n\n“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”\nThe swings you get can definitely make you feel some sort of way.\n— Matt Kohrs, 26, who streams stock analysis daily on YouTube\nIt is now changing the lives of those who got in early and are still riding the names higher.\nTake Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.\nWith 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.\n“The swings you get can definitely make you feel some sort of way,” he says.\nCompanies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.\nAMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.\nForget the boardroom. Corporate policy is now being determined in the chat room.\nBig investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.\nIn the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.\nThere can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.\nFor now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.\nFor retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.\nNew investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.\n“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”\nClaire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”\nJust like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.\nThe new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.\nThe group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.\nKeith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.\nMany short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.\nAs the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”\nTo beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.\nDistrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.\nTravis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.\n“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.\n“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.\nThe Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.\nRegulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”\nTraditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.\nIn one form or another, this is the future client base of Wall Street.\nArizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.\nEven so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":729,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141545337,"gmtCreate":1625882632429,"gmtModify":1631890798789,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Agreed","listText":"Agreed","text":"Agreed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/141545337","repostId":"1134141249","repostType":4,"repost":{"id":"1134141249","kind":"news","pubTimestamp":1625881620,"share":"https://www.laohu8.com/m/news/1134141249?lang=&edition=full","pubTime":"2021-07-10 09:47","market":"us","language":"en","title":"Why Virgin Galactic Is a Better Buy Than AMC","url":"https://stock-news.laohu8.com/highlight/detail?id=1134141249","media":"InvestorPlace","summary":"SPCE stock has a more compelling long-term bull thesis than AMC. In the last seven weeks, shares of Virgin Galactic stock are up 177%. The big news driving shares higher is that the Federal Aviation Administration approved Virgin to carry passengers into space.At the same time, SPCE stock has the attention of Reddit’s WallStreetBets trading community. In fact, it has become one of the most popular social media meme stocks in recent weeks. Virgin is not quite at the level of AMC Entertainment in","content":"<p>SPCE stock has a more compelling long-term bull thesis than AMC</p>\n<p>In the last seven weeks, shares of <b>Virgin Galactic</b>(NYSE:<b><u>SPCE</u></b>) stock are up 177%. The big news driving shares higher is that the Federal Aviation Administration (FAA) approved Virgin to carry passengers into space.</p>\n<p>At the same time, SPCE stock has the attention of Reddit’s WallStreetBets trading community. In fact, it has become one of the most popular social media meme stocks in recent weeks. Virgin is not quite at the level of <b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) in terms of social media buzz. However, Virgin is one of the 10 most mentioned tickers on WallStreetBets, according toSwaggy Stocks.</p>\n<p>If you’re a meme stock gambler, best of luck to you. I think you’ll have just as good a chance at day trading AMC stock for a profit as you would flipping SPCE stock or betting on red at the roulette table. If you are a long-term investor, both AMC and Virgin Galactic are grossly overvalued. However, SPCE stock has a much more compelling long-term bull thesis than AMC does.</p>\n<p><b>Why SPCE Stock Is Soaring</b></p>\n<p>On June 25, Virgin announced the FAA granted the company a commercial space-launch license.</p>\n<p>Shortly thereafter, popular billionaire founder Richard Branson announced he would be on Virgin’s first manned flight on July 11. By doing so, Branson will beat <b>Amazon.com</b>(NASDAQ:<b><u>AMZN</u></b>) founder Jeff Bezos in the billionairespace race. Bezos will be aboard Blue Origin’s first manned flight on July 20.</p>\n<p>There’s no question the recent headlines are overwhelmingly positive for the company’s brand and long-term outlook. However, Virgin Galactic is still years away from doing any meaningful business.</p>\n<p>Bank of America analyst Ronald Epstein is projecting $2 million in revenue from the company in 2021. By 2023, he is projecting Virgin Galactic’s revenue will grow to $115 million. For context, its market cap is now $10.8 billion. That valuation is slightly higher than <b>Dick’s Sporting Goods</b>(NYSE:<b><u>DKS</u></b>) at $9 billion. Bank of America is projecting $11.1 billion in revenue for Dick’s in 2023. That’s roughly 10 times more revenue than Virgin Galactic.</p>\n<p>I’m not suggesting that Virgin Galactic and Dick’s are even remotely comparable in terms of business model or growth outlook. I’m merely highlighting how tiny Virgin Galactic’s business is today and how tiny it will continue to be for at least several more years.</p>\n<p><b>Two Overvalued Stocks</b></p>\n<p>Once again, the FAA news is unequivocally good news for Virgin Galactic’s long-term outlook.</p>\n<p>“We continue to see Virgin Galactic as a beneficiary of the new commercial space race,” Epstein said following the FAA news.</p>\n<p>“However, we believe this premium is already priced into the stock and will dwindle as more commercial space companies go public.”</p>\n<p>In that same note, Epstein downgraded SPCE stock from “neutral” to “underperform.” He also set a $41 price target, well below the $49 it was trading on July 9.</p>\n<p>Like Virgin, AMC is also unprofitable. It’s also extremely overvalued based on current and projected earnings, sales and cash flow.</p>\n<p>But AMC also has an Everest-sized mountain of debt. And it has flooded the market with new shares of stock, diluting current shareholders in an attempt to stay solvent and avoid bankruptcy.</p>\n<p><b>How to Play it</b></p>\n<p>While SPCE stock is up 177% since mid-May, AMC is up 300%. As I discussed, Virgin Galactic’s big move came on the heels of major positive headlines about the company’s long-term future. The major news about AMC in recent weeks has been that the company is selling millions more shares of stock and giving retail investors free popcorn.</p>\n<p>Oh, and the company itself also took the time to include a warning to investors in an official filing.</p>\n<p>“Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” AMC wrote.</p>\n<p>Virgin Galactic is an overvalued growth stock with a reasonable chance the company will eventually grow into its current valuation. Of course, that growth may take five years or longer to play out.</p>\n<p>AMC is the exact opposite. Movie theater ticket sales have been steadily shrinking for about two decades. There’s a huge difference between making a high-risk bet on an early leader in a potentially massive growth market and making a high-risk bet on a leader in a market in secular decline.</p>\n<p>I’m not recommending long-term investors buy AMC or SPCE at this point. But if you’re going to choose one of the two meme stocks, the SPCE stock bull thesis makes a lot more sense.</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>Why Virgin Galactic Is a Better Buy Than AMC</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 Virgin Galactic Is a Better Buy Than AMC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-10 09:47 GMT+8 <a href=https://investorplace.com/2021/07/spce-stock-why-virgin-galactic-is-a-better-buy-than-amc/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SPCE stock has a more compelling long-term bull thesis than AMC\nIn the last seven weeks, shares of Virgin Galactic(NYSE:SPCE) stock are up 177%. The big news driving shares higher is that the Federal ...</p>\n\n<a href=\"https://investorplace.com/2021/07/spce-stock-why-virgin-galactic-is-a-better-buy-than-amc/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","SPCE":"维珍银河"},"source_url":"https://investorplace.com/2021/07/spce-stock-why-virgin-galactic-is-a-better-buy-than-amc/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134141249","content_text":"SPCE stock has a more compelling long-term bull thesis than AMC\nIn the last seven weeks, shares of Virgin Galactic(NYSE:SPCE) stock are up 177%. The big news driving shares higher is that the Federal Aviation Administration (FAA) approved Virgin to carry passengers into space.\nAt the same time, SPCE stock has the attention of Reddit’s WallStreetBets trading community. In fact, it has become one of the most popular social media meme stocks in recent weeks. Virgin is not quite at the level of AMC Entertainment(NYSE:AMC) in terms of social media buzz. However, Virgin is one of the 10 most mentioned tickers on WallStreetBets, according toSwaggy Stocks.\nIf you’re a meme stock gambler, best of luck to you. I think you’ll have just as good a chance at day trading AMC stock for a profit as you would flipping SPCE stock or betting on red at the roulette table. If you are a long-term investor, both AMC and Virgin Galactic are grossly overvalued. However, SPCE stock has a much more compelling long-term bull thesis than AMC does.\nWhy SPCE Stock Is Soaring\nOn June 25, Virgin announced the FAA granted the company a commercial space-launch license.\nShortly thereafter, popular billionaire founder Richard Branson announced he would be on Virgin’s first manned flight on July 11. By doing so, Branson will beat Amazon.com(NASDAQ:AMZN) founder Jeff Bezos in the billionairespace race. Bezos will be aboard Blue Origin’s first manned flight on July 20.\nThere’s no question the recent headlines are overwhelmingly positive for the company’s brand and long-term outlook. However, Virgin Galactic is still years away from doing any meaningful business.\nBank of America analyst Ronald Epstein is projecting $2 million in revenue from the company in 2021. By 2023, he is projecting Virgin Galactic’s revenue will grow to $115 million. For context, its market cap is now $10.8 billion. That valuation is slightly higher than Dick’s Sporting Goods(NYSE:DKS) at $9 billion. Bank of America is projecting $11.1 billion in revenue for Dick’s in 2023. That’s roughly 10 times more revenue than Virgin Galactic.\nI’m not suggesting that Virgin Galactic and Dick’s are even remotely comparable in terms of business model or growth outlook. I’m merely highlighting how tiny Virgin Galactic’s business is today and how tiny it will continue to be for at least several more years.\nTwo Overvalued Stocks\nOnce again, the FAA news is unequivocally good news for Virgin Galactic’s long-term outlook.\n“We continue to see Virgin Galactic as a beneficiary of the new commercial space race,” Epstein said following the FAA news.\n“However, we believe this premium is already priced into the stock and will dwindle as more commercial space companies go public.”\nIn that same note, Epstein downgraded SPCE stock from “neutral” to “underperform.” He also set a $41 price target, well below the $49 it was trading on July 9.\nLike Virgin, AMC is also unprofitable. It’s also extremely overvalued based on current and projected earnings, sales and cash flow.\nBut AMC also has an Everest-sized mountain of debt. And it has flooded the market with new shares of stock, diluting current shareholders in an attempt to stay solvent and avoid bankruptcy.\nHow to Play it\nWhile SPCE stock is up 177% since mid-May, AMC is up 300%. As I discussed, Virgin Galactic’s big move came on the heels of major positive headlines about the company’s long-term future. The major news about AMC in recent weeks has been that the company is selling millions more shares of stock and giving retail investors free popcorn.\nOh, and the company itself also took the time to include a warning to investors in an official filing.\n“Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” AMC wrote.\nVirgin Galactic is an overvalued growth stock with a reasonable chance the company will eventually grow into its current valuation. Of course, that growth may take five years or longer to play out.\nAMC is the exact opposite. Movie theater ticket sales have been steadily shrinking for about two decades. There’s a huge difference between making a high-risk bet on an early leader in a potentially massive growth market and making a high-risk bet on a leader in a market in secular decline.\nI’m not recommending long-term investors buy AMC or SPCE at this point. But if you’re going to choose one of the two meme stocks, the SPCE stock bull thesis makes a lot more sense.","news_type":1},"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149726216,"gmtCreate":1625749912635,"gmtModify":1631890798792,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/149726216","repostId":"1111084527","repostType":4,"repost":{"id":"1111084527","kind":"news","pubTimestamp":1625748249,"share":"https://www.laohu8.com/m/news/1111084527?lang=&edition=full","pubTime":"2021-07-08 20:44","market":"us","language":"en","title":"U.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows","url":"https://stock-news.laohu8.com/highlight/detail?id=1111084527","media":"CNBC","summary":"Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen the first half of 2021 could face hurdles in the months ahead, the Labor Department reported Thursday.First-time jobless claims totaled 373,000 for the week ended July 3, compared with the 350,000 Dow Jones estimate. The previous week's level was revised up by 7,000 from 364,000 to 371,000.The level of continuing claims decreased to 3.34 million, down 145,000 from the previous w","content":"<div>\n<p>Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen the first half of 2021 could face hurdles in the months ahead, the Labor ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/08/us-weekly-jobless-claims.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>U.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows</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\">\nU.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 20:44 GMT+8 <a href=https://www.cnbc.com/2021/07/08/us-weekly-jobless-claims.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen the first half of 2021 could face hurdles in the months ahead, the Labor ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/08/us-weekly-jobless-claims.html\">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.cnbc.com/2021/07/08/us-weekly-jobless-claims.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1111084527","content_text":"Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen the first half of 2021 could face hurdles in the months ahead, the Labor Department reported Thursday.\nFirst-time jobless claims totaled 373,000 for the week ended July 3, compared with the 350,000 Dow Jones estimate. The previous week's level was revised up by 7,000 from 364,000 to 371,000.\nThe level of continuing claims decreased to 3.34 million, down 145,000 from the previous week's revised level. Despite the uptick in first-time applicants, the decreased number of continuing claims represented the lowest level for insured unemployment since March 2020.\nThe four-week moving average for continuing claims, which smooths weekly volatility, fell by 44,500 to 3.44 million, also the lowest since March 2020.\nThe total of those receiving benefits through all programs fell by 449,642 to 14.2 million, according to data that runs two weeks behind.","news_type":1},"isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140660575,"gmtCreate":1625654517297,"gmtModify":1631890798789,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/140660575","repostId":"1117495998","repostType":4,"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157997844,"gmtCreate":1625559064288,"gmtModify":1631890798793,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow amazing stuff. Pls like ","listText":"Wow amazing stuff. Pls like ","text":"Wow amazing stuff. Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/157997844","repostId":"2149033827","repostType":4,"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151749952,"gmtCreate":1625109267876,"gmtModify":1631892989998,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Should not have sold","listText":"Should not have sold","text":"Should not have sold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151749952","repostId":"2147818634","repostType":4,"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151740671,"gmtCreate":1625109222793,"gmtModify":1631892990006,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151740671","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","kind":"news","pubTimestamp":1625094708,"share":"https://www.laohu8.com/m/news/1178516480?lang=&edition=full","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p>\n<p>In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p>\n<p>All three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p>\n<p>“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p>\n<p>For the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p>\n<p>This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p>\n<p>“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p>\n<p>“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p>\n<p>“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p>\n<p>(Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p>\n<p><img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p>\n<p>The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p>\n<p>The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p>\n<p>Among the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p>\n<p>Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p>\n<p>Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p>\n<p>Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p>\n<p>The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p>\n<p>Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</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>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain</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\">\nS&P 500 notches fifth straight record closing high, fifth straight quarterly gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:11 GMT+8 <a href=https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">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.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151757741,"gmtCreate":1625109199283,"gmtModify":1631892990010,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Great news finally","listText":"Great news finally","text":"Great news finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151757741","repostId":"2148189849","repostType":4,"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128538595,"gmtCreate":1624522816917,"gmtModify":1631892990009,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Very interesting stuff","listText":"Very interesting stuff","text":"Very interesting stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128538595","repostId":"2145010262","repostType":4,"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129291471,"gmtCreate":1624372998693,"gmtModify":1631892990012,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Completely agree with this ","listText":"Completely agree with this ","text":"Completely agree with this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129291471","repostId":"2145599620","repostType":4,"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165954264,"gmtCreate":1624089605258,"gmtModify":1631892990014,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow interesting read.. did not know that ","listText":"Wow interesting read.. did not know that ","text":"Wow interesting read.. did not know that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/165954264","repostId":"1161408410","repostType":4,"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166874902,"gmtCreate":1624004345506,"gmtModify":1631892990018,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Looks like a great buy ","listText":"Looks like a great buy ","text":"Looks like a great buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166874902","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://www.laohu8.com/m/news/1175693382?lang=&edition=full","pubTime":"2021-06-18 09:07","market":"hk","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is probably the most undervalued growth stock right now.</li>\n <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>\n <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>\n <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p>\n<p><b>The Technical Thesis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p>\n<p>Alibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p>\n<p><b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p>\n<p>BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p>\n<p>Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p>\n<p>When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ</span></p>\n<p>Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.</p>\n<p>One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.</p>\n<p>Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p>\n<p>Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ</span></p>\n<p>We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p>\n<p>BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p>\n<p>Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p>\n<p><b>BABA's Valuations Look Highly Compelling</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ</span></p>\n<p>When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&P Capital IQ</span></p>\n<p>By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p>\n<p><b>Risks to Assumptions</b></p>\n<p>Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p>\n<p><b>Wrapping It All Up</b></p>\n<p>Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Stock: The Bottoming Process Looks To Be Forming Already</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:07 GMT+8 <a href=https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short...</p>\n\n<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161911592,"gmtCreate":1623900166916,"gmtModify":1631892990019,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow interesting… did not know this at all ","listText":"Wow interesting… did not know this at all ","text":"Wow interesting… did not know this at all","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161911592","repostId":"1147973875","repostType":4,"repost":{"id":"1147973875","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623898804,"share":"https://www.laohu8.com/m/news/1147973875?lang=&edition=full","pubTime":"2021-06-17 11:00","market":"us","language":"en","title":"Stock Wars: Hilton Worldwide Vs. Marriott International","url":"https://stock-news.laohu8.com/highlight/detail?id=1147973875","media":"Benzinga","summary":"This week, the duel is between two major players in the hotel industry:Hilton Worldwide Holdings Inc","content":"<p><i>This week, the duel is between two major players in the hotel industry:</i><i><b>Hilton Worldwide Holdings Inc.</b></i> <i>and</i> <i><b>Marriott International Inc</b></i><i>.</i></p>\n<p><b>The Case For Hilton:</b>In 1919,<b>Conrad Hilton</b> made his debut in the hotel industry by purchasing the 40-room Mobley Hotel in Cisco, Texas.</p>\n<p>Over the next decade, the entrepreneurial hotelier purchased several additional hotels across the Lone Star State. Hilton expanded outside of Texas into Albuquerque, New Mexico in 1939 and California, New York and Chicago in the 1940s.</p>\n<p>Today, the Hilton portfolio consists of 18 brands covering more than 6,500 properties in 119 countries and territories, making it the world’s second-largest hotel company.</p>\n<p><img src=\"https://static.tigerbbs.com/193b4a5ede24ed4d88328668239e9666\" tg-width=\"320\" tg-height=\"119\"></p>\n<p>The hospitality industry has been eager to move beyond the COVID-19 pandemic and Hilton is eager to welcome post-pandemic travelers.</p>\n<p>The company recently opened Spain’s Atocha Hotel Madrid as the first European property in the Tapestry Collection by Hilton brand, and it announced deals with Shimao Group Holdings Ltd. to build four luxury hotels in China and with Signo Hospitality to develop 10 new hotels in Germany.</p>\n<p>Closer to home, Hilton and Resorts World Las Vegas are finishing work on three Hilton brand hotels that are part of a $4.3 billion, 3,500-room integrated resort scheduled to open in Las Vegas by the July 4 holiday weekend.</p>\n<p>In its Q1 earnings report, Hilton reported it approved 21,900 new rooms for development during the quarter, bringing its development pipeline to 399,000 rooms as of March 31. As of April 28, 97% of Hilton's system-wide hotels were open.</p>\n<p>However, Hilton’s financial performance during the quarter offered a reminder that the residue of the pandemic era has yet to be scraped away.</p>\n<p>Total first-quarter revenue was $874 million, down from $1.9 billion one year earlier, with the company reporting a net income loss of $109 million versus the $18 million profit from the previous year.</p>\n<p>Adjusted EBITDA was $198 million, down from $363 million one year earlier. Diluted earnings per share (EPS) was -39 cents, compared to 6 cents one year earlier, and adjusted diluted EPS was 2 cents versus 74 cents in the first quarter of 2020.</p>\n<p><b>Hilton President and CEO Christopher J. Nassetta</b>acknowledged rising coronavirus cases and tightened travel restrictions in Europe and the Asia-Pacific region worked against the company during January and February, there was “meaningful improvement in March and April” and there was an opportunity for a more vibrant post-pandemic near-future.</p>\n<p>“We expect this positive momentum to continue as vaccines are more widely distributed and our customers feel safe traveling again,” Nassetta said. “We continue to grow our portfolio of hotels in exciting destinations throughout the world, giving our guests more options than ever before to make a Hilton hotel a part of their plans as travel resumes.”</p>\n<p>Hilton trades around $129.25, slightly below its 52-week high of $132.69 and far from its 52-week low of $69.83.</p>\n<p><b>The Case For Marriott:</b>In 1927, John and Alice Marriott opened a root beer stand in Washington, D.C.</p>\n<p>From that humble beginning, the company expanded into the hospitality industry through the Hot Shoppes Inc. restaurant chain, which they took public in 1953. The Marriotts opened their first lodging property in 1957 with the Twin Bridges Motor Hotel in Arlington, Virginia.</p>\n<p>Today, Marriott is the world’s largest hotel company, with a portfolio of more than 7,600 properties under 30 brands spanning 133 countries and territories.</p>\n<p><img src=\"https://static.tigerbbs.com/0eb53fb2fd1ddc28ba54635ae9037f9f\" tg-width=\"320\" tg-height=\"102\"></p>\n<p>As with Hilton, Marriott is planning for the post-pandemic environment with a flurry of new properties. The Marriott brands have recently seen new hotels opening in South Korea, the Maldives, Dubai, Bermuda, Montreal, Maui and Philadelphia, while the company has signed an agreement with China’s Ningbo Central Plaza Construction and Development Co. Ltd to bring its Ritz-Carlton brand to Ningbo, a port city that has been taking on increased prominence.</p>\n<p>In February, Marriott experienced an emotional setback with the death of President and CEO <b>Arne Sorenson</b> at the age of 62 following a bout with pancreatic cancer.</p>\n<p>Sorenson, who held his offices since 2012, was only the third chief executive in the company’s history and the first who was not part of the founding Marriott family.</p>\n<p>Sorenson’s duties were divided between <b>Anthony Capuano,</b>who was promoted to CEO from group president of global development, design and operations services, and <b>Stephanie Linnartz,</b>who was promoted to president from group president of consumer operations, technology and emerging businesses.</p>\n<p>In one of his first interviews as CEO, Capuano told Yahoo Finance Live that the company was scrambling to hire new employees to meet the rising demand in hotel guests.</p>\n<p>\"We have had some labor challenges in those leisure destinations where we have seen demand spike so quickly,\" Capuano said. \"So, in South Florida, Texas, Arizona we are running job fairs and we are providing some one-time hiring incentives to get the hotels staffed.\"</p>\n<p>In its Q1 earnings report, Marriott said it added more than 23,500 rooms, including nearly 12,000 rooms.</p>\n<p>But Marriott shared Hilton’s situation in trying to move past the tumult created by the pandemic: it reported operating income totaled $84 million, down from $114 million one year earlier, and recorded an $11 million net loss compared to net income of $31 million in the previous year.</p>\n<p>Adjusted EBITDA totaled $296 million, compared to first-quarter 2020’s adjusted EBITDA of $442 million. The quarter reported diluted loss per share totaled 3 cents, compared to the reported diluted EPS of 9 cents in the year-ago quarter. First-quarter adjusted diluted EPS totaled 10 cents, compared to first quarter 2020 adjusted diluted EPS of 49 cents.</p>\n<p>Capuano stressed Marriott’s fortunes were improving, noting how U.S. and Canadian occupancy grew from 33% in January to 49% in March while “occupancy reached 66% in mainland China in March, nearly the same as in March 2019.”</p>\n<p>He added the company was “welcoming more and more guests to our hotels as consumers are traveling again once they feel it is safe.”</p>\n<p>Marriott trades around $144, closer to its 52-week high of $159.98 than to its 52-week low of $80.26.</p>\n<p><b>The Verdict:</b>Despite the upheaval felt in the hospitality space as a result of the pandemic, both Hilton and Marriott stocks have maintained their respective strength.</p>\n<p>Both companies are ready and able to put the pandemic in the rearview mirror, and the partnerships they are striking in Europe and Asia show both companies believe their road to increased profits lies overseas.</p>\n<p>Barring an unforeseen surge in coronavirus infections or a global economic slump, both Hilton and Marriott are poised for a brighter future.</p>\n<p>Either company would be a solid portfolio presence for investors seeking long-haul growth.</p>\n<p>In this Stock War, we have to declare a draw.</p>\n<p></p>\n<p></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>Stock Wars: Hilton Worldwide Vs. Marriott International</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\">\nStock Wars: Hilton Worldwide Vs. Marriott International\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-17 11:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><i>This week, the duel is between two major players in the hotel industry:</i><i><b>Hilton Worldwide Holdings Inc.</b></i> <i>and</i> <i><b>Marriott International Inc</b></i><i>.</i></p>\n<p><b>The Case For Hilton:</b>In 1919,<b>Conrad Hilton</b> made his debut in the hotel industry by purchasing the 40-room Mobley Hotel in Cisco, Texas.</p>\n<p>Over the next decade, the entrepreneurial hotelier purchased several additional hotels across the Lone Star State. Hilton expanded outside of Texas into Albuquerque, New Mexico in 1939 and California, New York and Chicago in the 1940s.</p>\n<p>Today, the Hilton portfolio consists of 18 brands covering more than 6,500 properties in 119 countries and territories, making it the world’s second-largest hotel company.</p>\n<p><img src=\"https://static.tigerbbs.com/193b4a5ede24ed4d88328668239e9666\" tg-width=\"320\" tg-height=\"119\"></p>\n<p>The hospitality industry has been eager to move beyond the COVID-19 pandemic and Hilton is eager to welcome post-pandemic travelers.</p>\n<p>The company recently opened Spain’s Atocha Hotel Madrid as the first European property in the Tapestry Collection by Hilton brand, and it announced deals with Shimao Group Holdings Ltd. to build four luxury hotels in China and with Signo Hospitality to develop 10 new hotels in Germany.</p>\n<p>Closer to home, Hilton and Resorts World Las Vegas are finishing work on three Hilton brand hotels that are part of a $4.3 billion, 3,500-room integrated resort scheduled to open in Las Vegas by the July 4 holiday weekend.</p>\n<p>In its Q1 earnings report, Hilton reported it approved 21,900 new rooms for development during the quarter, bringing its development pipeline to 399,000 rooms as of March 31. As of April 28, 97% of Hilton's system-wide hotels were open.</p>\n<p>However, Hilton’s financial performance during the quarter offered a reminder that the residue of the pandemic era has yet to be scraped away.</p>\n<p>Total first-quarter revenue was $874 million, down from $1.9 billion one year earlier, with the company reporting a net income loss of $109 million versus the $18 million profit from the previous year.</p>\n<p>Adjusted EBITDA was $198 million, down from $363 million one year earlier. Diluted earnings per share (EPS) was -39 cents, compared to 6 cents one year earlier, and adjusted diluted EPS was 2 cents versus 74 cents in the first quarter of 2020.</p>\n<p><b>Hilton President and CEO Christopher J. Nassetta</b>acknowledged rising coronavirus cases and tightened travel restrictions in Europe and the Asia-Pacific region worked against the company during January and February, there was “meaningful improvement in March and April” and there was an opportunity for a more vibrant post-pandemic near-future.</p>\n<p>“We expect this positive momentum to continue as vaccines are more widely distributed and our customers feel safe traveling again,” Nassetta said. “We continue to grow our portfolio of hotels in exciting destinations throughout the world, giving our guests more options than ever before to make a Hilton hotel a part of their plans as travel resumes.”</p>\n<p>Hilton trades around $129.25, slightly below its 52-week high of $132.69 and far from its 52-week low of $69.83.</p>\n<p><b>The Case For Marriott:</b>In 1927, John and Alice Marriott opened a root beer stand in Washington, D.C.</p>\n<p>From that humble beginning, the company expanded into the hospitality industry through the Hot Shoppes Inc. restaurant chain, which they took public in 1953. The Marriotts opened their first lodging property in 1957 with the Twin Bridges Motor Hotel in Arlington, Virginia.</p>\n<p>Today, Marriott is the world’s largest hotel company, with a portfolio of more than 7,600 properties under 30 brands spanning 133 countries and territories.</p>\n<p><img src=\"https://static.tigerbbs.com/0eb53fb2fd1ddc28ba54635ae9037f9f\" tg-width=\"320\" tg-height=\"102\"></p>\n<p>As with Hilton, Marriott is planning for the post-pandemic environment with a flurry of new properties. The Marriott brands have recently seen new hotels opening in South Korea, the Maldives, Dubai, Bermuda, Montreal, Maui and Philadelphia, while the company has signed an agreement with China’s Ningbo Central Plaza Construction and Development Co. Ltd to bring its Ritz-Carlton brand to Ningbo, a port city that has been taking on increased prominence.</p>\n<p>In February, Marriott experienced an emotional setback with the death of President and CEO <b>Arne Sorenson</b> at the age of 62 following a bout with pancreatic cancer.</p>\n<p>Sorenson, who held his offices since 2012, was only the third chief executive in the company’s history and the first who was not part of the founding Marriott family.</p>\n<p>Sorenson’s duties were divided between <b>Anthony Capuano,</b>who was promoted to CEO from group president of global development, design and operations services, and <b>Stephanie Linnartz,</b>who was promoted to president from group president of consumer operations, technology and emerging businesses.</p>\n<p>In one of his first interviews as CEO, Capuano told Yahoo Finance Live that the company was scrambling to hire new employees to meet the rising demand in hotel guests.</p>\n<p>\"We have had some labor challenges in those leisure destinations where we have seen demand spike so quickly,\" Capuano said. \"So, in South Florida, Texas, Arizona we are running job fairs and we are providing some one-time hiring incentives to get the hotels staffed.\"</p>\n<p>In its Q1 earnings report, Marriott said it added more than 23,500 rooms, including nearly 12,000 rooms.</p>\n<p>But Marriott shared Hilton’s situation in trying to move past the tumult created by the pandemic: it reported operating income totaled $84 million, down from $114 million one year earlier, and recorded an $11 million net loss compared to net income of $31 million in the previous year.</p>\n<p>Adjusted EBITDA totaled $296 million, compared to first-quarter 2020’s adjusted EBITDA of $442 million. The quarter reported diluted loss per share totaled 3 cents, compared to the reported diluted EPS of 9 cents in the year-ago quarter. First-quarter adjusted diluted EPS totaled 10 cents, compared to first quarter 2020 adjusted diluted EPS of 49 cents.</p>\n<p>Capuano stressed Marriott’s fortunes were improving, noting how U.S. and Canadian occupancy grew from 33% in January to 49% in March while “occupancy reached 66% in mainland China in March, nearly the same as in March 2019.”</p>\n<p>He added the company was “welcoming more and more guests to our hotels as consumers are traveling again once they feel it is safe.”</p>\n<p>Marriott trades around $144, closer to its 52-week high of $159.98 than to its 52-week low of $80.26.</p>\n<p><b>The Verdict:</b>Despite the upheaval felt in the hospitality space as a result of the pandemic, both Hilton and Marriott stocks have maintained their respective strength.</p>\n<p>Both companies are ready and able to put the pandemic in the rearview mirror, and the partnerships they are striking in Europe and Asia show both companies believe their road to increased profits lies overseas.</p>\n<p>Barring an unforeseen surge in coronavirus infections or a global economic slump, both Hilton and Marriott are poised for a brighter future.</p>\n<p>Either company would be a solid portfolio presence for investors seeking long-haul growth.</p>\n<p>In this Stock War, we have to declare a draw.</p>\n<p></p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147973875","content_text":"This week, the duel is between two major players in the hotel industry:Hilton Worldwide Holdings Inc. and Marriott International Inc.\nThe Case For Hilton:In 1919,Conrad Hilton made his debut in the hotel industry by purchasing the 40-room Mobley Hotel in Cisco, Texas.\nOver the next decade, the entrepreneurial hotelier purchased several additional hotels across the Lone Star State. Hilton expanded outside of Texas into Albuquerque, New Mexico in 1939 and California, New York and Chicago in the 1940s.\nToday, the Hilton portfolio consists of 18 brands covering more than 6,500 properties in 119 countries and territories, making it the world’s second-largest hotel company.\n\nThe hospitality industry has been eager to move beyond the COVID-19 pandemic and Hilton is eager to welcome post-pandemic travelers.\nThe company recently opened Spain’s Atocha Hotel Madrid as the first European property in the Tapestry Collection by Hilton brand, and it announced deals with Shimao Group Holdings Ltd. to build four luxury hotels in China and with Signo Hospitality to develop 10 new hotels in Germany.\nCloser to home, Hilton and Resorts World Las Vegas are finishing work on three Hilton brand hotels that are part of a $4.3 billion, 3,500-room integrated resort scheduled to open in Las Vegas by the July 4 holiday weekend.\nIn its Q1 earnings report, Hilton reported it approved 21,900 new rooms for development during the quarter, bringing its development pipeline to 399,000 rooms as of March 31. As of April 28, 97% of Hilton's system-wide hotels were open.\nHowever, Hilton’s financial performance during the quarter offered a reminder that the residue of the pandemic era has yet to be scraped away.\nTotal first-quarter revenue was $874 million, down from $1.9 billion one year earlier, with the company reporting a net income loss of $109 million versus the $18 million profit from the previous year.\nAdjusted EBITDA was $198 million, down from $363 million one year earlier. Diluted earnings per share (EPS) was -39 cents, compared to 6 cents one year earlier, and adjusted diluted EPS was 2 cents versus 74 cents in the first quarter of 2020.\nHilton President and CEO Christopher J. Nassettaacknowledged rising coronavirus cases and tightened travel restrictions in Europe and the Asia-Pacific region worked against the company during January and February, there was “meaningful improvement in March and April” and there was an opportunity for a more vibrant post-pandemic near-future.\n“We expect this positive momentum to continue as vaccines are more widely distributed and our customers feel safe traveling again,” Nassetta said. “We continue to grow our portfolio of hotels in exciting destinations throughout the world, giving our guests more options than ever before to make a Hilton hotel a part of their plans as travel resumes.”\nHilton trades around $129.25, slightly below its 52-week high of $132.69 and far from its 52-week low of $69.83.\nThe Case For Marriott:In 1927, John and Alice Marriott opened a root beer stand in Washington, D.C.\nFrom that humble beginning, the company expanded into the hospitality industry through the Hot Shoppes Inc. restaurant chain, which they took public in 1953. The Marriotts opened their first lodging property in 1957 with the Twin Bridges Motor Hotel in Arlington, Virginia.\nToday, Marriott is the world’s largest hotel company, with a portfolio of more than 7,600 properties under 30 brands spanning 133 countries and territories.\n\nAs with Hilton, Marriott is planning for the post-pandemic environment with a flurry of new properties. The Marriott brands have recently seen new hotels opening in South Korea, the Maldives, Dubai, Bermuda, Montreal, Maui and Philadelphia, while the company has signed an agreement with China’s Ningbo Central Plaza Construction and Development Co. Ltd to bring its Ritz-Carlton brand to Ningbo, a port city that has been taking on increased prominence.\nIn February, Marriott experienced an emotional setback with the death of President and CEO Arne Sorenson at the age of 62 following a bout with pancreatic cancer.\nSorenson, who held his offices since 2012, was only the third chief executive in the company’s history and the first who was not part of the founding Marriott family.\nSorenson’s duties were divided between Anthony Capuano,who was promoted to CEO from group president of global development, design and operations services, and Stephanie Linnartz,who was promoted to president from group president of consumer operations, technology and emerging businesses.\nIn one of his first interviews as CEO, Capuano told Yahoo Finance Live that the company was scrambling to hire new employees to meet the rising demand in hotel guests.\n\"We have had some labor challenges in those leisure destinations where we have seen demand spike so quickly,\" Capuano said. \"So, in South Florida, Texas, Arizona we are running job fairs and we are providing some one-time hiring incentives to get the hotels staffed.\"\nIn its Q1 earnings report, Marriott said it added more than 23,500 rooms, including nearly 12,000 rooms.\nBut Marriott shared Hilton’s situation in trying to move past the tumult created by the pandemic: it reported operating income totaled $84 million, down from $114 million one year earlier, and recorded an $11 million net loss compared to net income of $31 million in the previous year.\nAdjusted EBITDA totaled $296 million, compared to first-quarter 2020’s adjusted EBITDA of $442 million. The quarter reported diluted loss per share totaled 3 cents, compared to the reported diluted EPS of 9 cents in the year-ago quarter. First-quarter adjusted diluted EPS totaled 10 cents, compared to first quarter 2020 adjusted diluted EPS of 49 cents.\nCapuano stressed Marriott’s fortunes were improving, noting how U.S. and Canadian occupancy grew from 33% in January to 49% in March while “occupancy reached 66% in mainland China in March, nearly the same as in March 2019.”\nHe added the company was “welcoming more and more guests to our hotels as consumers are traveling again once they feel it is safe.”\nMarriott trades around $144, closer to its 52-week high of $159.98 than to its 52-week low of $80.26.\nThe Verdict:Despite the upheaval felt in the hospitality space as a result of the pandemic, both Hilton and Marriott stocks have maintained their respective strength.\nBoth companies are ready and able to put the pandemic in the rearview mirror, and the partnerships they are striking in Europe and Asia show both companies believe their road to increased profits lies overseas.\nBarring an unforeseen surge in coronavirus infections or a global economic slump, both Hilton and Marriott are poised for a brighter future.\nEither company would be a solid portfolio presence for investors seeking long-haul growth.\nIn this Stock War, we have to declare a draw.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161911961,"gmtCreate":1623900130253,"gmtModify":1631892990022,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161911961","repostId":"1167564439","repostType":4,"repost":{"id":"1167564439","kind":"news","pubTimestamp":1623899242,"share":"https://www.laohu8.com/m/news/1167564439?lang=&edition=full","pubTime":"2021-06-17 11:07","market":"us","language":"en","title":"Will AMC, the Meme Stock Alpha Dog, Go Even Higher?","url":"https://stock-news.laohu8.com/highlight/detail?id=1167564439","media":"InvestorPlace","summary":"AMC stock has been surging lately. Just how long can the rally go on?\nIn January, it was GameStop(NY","content":"<p>AMC stock has been surging lately. Just how long can the rally go on?</p>\n<p>In January, it was <b>GameStop</b>(NYSE:<b><u>GME</u></b>) leading the charge at the center of the Reddit rally. Now,<b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) is the front man, this time leading the so-called meme stock rally.</p>\n<p>Investors are wondering how long this rally can last and whether it’s actually sustainable.</p>\n<p>I hate to stick my neck out in these types of scenarios. But generally the answer is no, these types of rallies do not tend to hold up over time. That said, there is nothing general about this situation, and we’re seeing an orchestrated effort to squeeze a handful of stocks higher. After all, GameStop has held up pretty well from its initial squeeze.</p>\n<p>Some find this price action entertaining. Others find it insulting. I just say, it is what it is. If you don’t want to participate in it, don’t. There are thousands of securities to trade on a daily basis and this affects about two dozen of them. If you are going to get involved, just keep your risk in focus, as the trading ranges are incredibly wide.</p>\n<p>For now, AMC remains the alpha dog in this current rally.</p>\n<p><b>Reddit Saves AMC</b></p>\n<p>2021 feels like a better year than 2020. There’s light at the end of the tunnel and we’re emerging from the novel coronavirus pandemic. Airport traffic is hitting new heights since the pandemic, while the U.S. has seen new cases plunge amid a strong vaccination push.</p>\n<p>But let’s not forget, we also<i>still</i>have hundreds of deaths a day occurring the U.S. due to Covid-19. Globally, we’ve now had more coronavirus deaths in 2021 vs. 2020.</p>\n<p>While things are clearly improving, particularly in the U.S., we haven’t gotten the full all-clear. Further, Q1 and the beginning of Q2 were a painful reality for businesses like AMC.</p>\n<p>But thanks to the Reddit short squeeze we saw earlier in the year, the company was able to raise a substantial amount of cash. In fact, it has now done so several times, allowing AMC to bolster its balance sheet.</p>\n<p>On Jan. 25, the company announced it raised or had commitments for $917 million. More than half of this was via equity, with the rest in various forms of debt.This would help AMC “make it through this dark coronavirus-impacted winter.”</p>\n<p>Then in May, AMC brought in $428 million after selling 43 million shares at just below $10. A few weeks later in June, Mudrick Capital agreed to buy 8.5 million shares for roughly $27 apiece,raising over $230 million. That capital will be used for “acquisition opportunities and investments in existing AMC theatres.”</p>\n<p>In all, the company raised about $1.2 billion this quarter.As President and CEO Adam Aron put it,“with our increased liquidity, an increasingly vaccinated population and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense again.”</p>\n<p><b>Can the Rally in AMC Last?</b></p>\n<p>Clearly AMC stock will survive. Or at least, it<i>should</i>survive. It’s got more than enough capital on hand to weather whatever remains of the Covid-19 storm and truthfully, management could decide to flood the market with even more supply of stock. A 10 million share secondary offering at $50 would raise half a billion dollars.</p>\n<p>With all the raising it did in Q2 with no ill impact on the stock price, I wouldn’t be surprised to see Aron & Co. pull the trigger on another raise. In fact, I would applaud it after shares hit all-time highs at the beginning of the month.</p>\n<p>Does the company go after something like <b>Imax Corp</b>(NYSE:<b><u>IMAX</u></b>), with a market capitalization below $1.5 billion? Is that what Aron means by going on the offense?</p>\n<p>We’ll find out in the coming weeks and months, but I really think this company will be okay. That said, that doesn’t mean its stock is a good value. Trading in AMC stock is one thing. Investing in it is another.</p>\n<p>Analysts expect AMC to remain unprofitable in 2022. Further, estimates call for “just” $2.5 billion in sales this year as it still feels the impact of Covid-19. In 2022, estimates call for $4.8 billion in sales. Round it up to $5 billion and we have a stock trading at six times 2022 revenue for a firm that never had sustained operating margins above 10%, a figure that was below 5% <i>before</i> Covid-19.</p>\n<p><b>Bottom Line on AMC Stock</b></p>\n<p>I would really like to see the $35 level hold as support on a pullback. Below puts the 21-day moving average in play, then ~$20 — the prior 2021 high.</p>\n<p>Above $50 and $60 is in play, followed by the 52-week high at $72.62. Above that and this baby could continue to fly.</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>Will AMC, the Meme Stock Alpha Dog, Go Even Higher?</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 AMC, the Meme Stock Alpha Dog, Go Even Higher?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 11:07 GMT+8 <a href=https://investorplace.com/2021/06/will-amc-the-meme-stock-alpha-dog-go-even-higher/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC stock has been surging lately. Just how long can the rally go on?\nIn January, it was GameStop(NYSE:GME) leading the charge at the center of the Reddit rally. Now,AMC Entertainment(NYSE:AMC) is the...</p>\n\n<a href=\"https://investorplace.com/2021/06/will-amc-the-meme-stock-alpha-dog-go-even-higher/\">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://investorplace.com/2021/06/will-amc-the-meme-stock-alpha-dog-go-even-higher/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167564439","content_text":"AMC stock has been surging lately. Just how long can the rally go on?\nIn January, it was GameStop(NYSE:GME) leading the charge at the center of the Reddit rally. Now,AMC Entertainment(NYSE:AMC) is the front man, this time leading the so-called meme stock rally.\nInvestors are wondering how long this rally can last and whether it’s actually sustainable.\nI hate to stick my neck out in these types of scenarios. But generally the answer is no, these types of rallies do not tend to hold up over time. That said, there is nothing general about this situation, and we’re seeing an orchestrated effort to squeeze a handful of stocks higher. After all, GameStop has held up pretty well from its initial squeeze.\nSome find this price action entertaining. Others find it insulting. I just say, it is what it is. If you don’t want to participate in it, don’t. There are thousands of securities to trade on a daily basis and this affects about two dozen of them. If you are going to get involved, just keep your risk in focus, as the trading ranges are incredibly wide.\nFor now, AMC remains the alpha dog in this current rally.\nReddit Saves AMC\n2021 feels like a better year than 2020. There’s light at the end of the tunnel and we’re emerging from the novel coronavirus pandemic. Airport traffic is hitting new heights since the pandemic, while the U.S. has seen new cases plunge amid a strong vaccination push.\nBut let’s not forget, we alsostillhave hundreds of deaths a day occurring the U.S. due to Covid-19. Globally, we’ve now had more coronavirus deaths in 2021 vs. 2020.\nWhile things are clearly improving, particularly in the U.S., we haven’t gotten the full all-clear. Further, Q1 and the beginning of Q2 were a painful reality for businesses like AMC.\nBut thanks to the Reddit short squeeze we saw earlier in the year, the company was able to raise a substantial amount of cash. In fact, it has now done so several times, allowing AMC to bolster its balance sheet.\nOn Jan. 25, the company announced it raised or had commitments for $917 million. More than half of this was via equity, with the rest in various forms of debt.This would help AMC “make it through this dark coronavirus-impacted winter.”\nThen in May, AMC brought in $428 million after selling 43 million shares at just below $10. A few weeks later in June, Mudrick Capital agreed to buy 8.5 million shares for roughly $27 apiece,raising over $230 million. That capital will be used for “acquisition opportunities and investments in existing AMC theatres.”\nIn all, the company raised about $1.2 billion this quarter.As President and CEO Adam Aron put it,“with our increased liquidity, an increasingly vaccinated population and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense again.”\nCan the Rally in AMC Last?\nClearly AMC stock will survive. Or at least, itshouldsurvive. It’s got more than enough capital on hand to weather whatever remains of the Covid-19 storm and truthfully, management could decide to flood the market with even more supply of stock. A 10 million share secondary offering at $50 would raise half a billion dollars.\nWith all the raising it did in Q2 with no ill impact on the stock price, I wouldn’t be surprised to see Aron & Co. pull the trigger on another raise. In fact, I would applaud it after shares hit all-time highs at the beginning of the month.\nDoes the company go after something like Imax Corp(NYSE:IMAX), with a market capitalization below $1.5 billion? Is that what Aron means by going on the offense?\nWe’ll find out in the coming weeks and months, but I really think this company will be okay. That said, that doesn’t mean its stock is a good value. Trading in AMC stock is one thing. Investing in it is another.\nAnalysts expect AMC to remain unprofitable in 2022. Further, estimates call for “just” $2.5 billion in sales this year as it still feels the impact of Covid-19. In 2022, estimates call for $4.8 billion in sales. Round it up to $5 billion and we have a stock trading at six times 2022 revenue for a firm that never had sustained operating margins above 10%, a figure that was below 5% before Covid-19.\nBottom Line on AMC Stock\nI would really like to see the $35 level hold as support on a pullback. Below puts the 21-day moving average in play, then ~$20 — the prior 2021 high.\nAbove $50 and $60 is in play, followed by the 52-week high at $72.62. Above that and this baby could continue to fly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":173193120,"gmtCreate":1626627616360,"gmtModify":1631890798770,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173193120","repostId":"2152368129","repostType":4,"isVote":1,"tweetType":1,"viewCount":616,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157997844,"gmtCreate":1625559064288,"gmtModify":1631890798793,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow amazing stuff. Pls like ","listText":"Wow amazing stuff. Pls like ","text":"Wow amazing stuff. Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/157997844","repostId":"2149033827","repostType":4,"isVote":1,"tweetType":1,"viewCount":584,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178605504,"gmtCreate":1626806820108,"gmtModify":1631890798768,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Finally ","listText":"Finally ","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/178605504","repostId":"2152657163","repostType":4,"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166874902,"gmtCreate":1624004345506,"gmtModify":1631892990018,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Looks like a great buy ","listText":"Looks like a great buy ","text":"Looks like a great buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/166874902","repostId":"1175693382","repostType":4,"repost":{"id":"1175693382","kind":"news","pubTimestamp":1623978463,"share":"https://www.laohu8.com/m/news/1175693382?lang=&edition=full","pubTime":"2021-06-18 09:07","market":"hk","language":"en","title":"Alibaba Stock: The Bottoming Process Looks To Be Forming Already","url":"https://stock-news.laohu8.com/highlight/detail?id=1175693382","media":"seekingalpha","summary":"Alibaba is probably the most undervalued growth stock right now.The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.The short term technical picture may be turning bullish with a potential double bottom price action signal.When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Alibaba is probably the most undervalued growth stock right now.</li>\n <li>The company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.</li>\n <li>The short term technical picture may be turning bullish with a potential double bottom price action signal.</li>\n <li>We discuss the company’s multiple growth drivers and let investors judge for themselves.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/05e63c77d4f3f3dc3d618e43044638bb\" tg-width=\"768\" tg-height=\"512\"><span>Yongyuan Dai/iStock Unreleased via Getty Images</span></p>\n<p><b>The Technical Thesis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7febf6ed056b0e3bc038321cdaad9b1c\" tg-width=\"1280\" tg-height=\"782\"><span>Source: TradingView</span></p>\n<p>Alibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.</p>\n<p><b>BABA's Fundamental Thesis: Rapidly Expanding Growth Drivers</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eba49f5881708929949c30628eedc5d4\" tg-width=\"934\" tg-height=\"578\"><span>Annual GMV. Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a4d6c4ed3e2402f5af52b2dea8bab411\" tg-width=\"836\" tg-height=\"517\"><span>Annual e-commerce revenue. Data source: Company filings</span></p>\n<p>BABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.</p>\n<p>Even though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ffe2dee43f267e1d1399c68e3ca60f36\" tg-width=\"600\" tg-height=\"371\"><span>E-commerce revenue in the U.S. Data source: Statista</span></p>\n<p>When we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d5a8d0d8a6a2dcdf667a6f33c6c9771\" tg-width=\"1280\" tg-height=\"702\"><span>Peers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ</span></p>\n<p>Even though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.</p>\n<p>One important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.</p>\n<p>Therefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b83b69b08b1f4b11a26393c8e6eead5\" tg-width=\"600\" tg-height=\"371\"><span>Market size of community group buying in China. Data source: iiMedia Research</span></p>\n<p>Even though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b97b2b4a8a182dc9846d8fb7e4039877\" tg-width=\"1280\" tg-height=\"770\"><span>PDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ</span></p>\n<p>We could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3aadc32155b4108426a1a982e3b5b1c2\" tg-width=\"640\" tg-height=\"360\"><span>China public cloud spending. Source:China Internet Watch; Canalys</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c1538b9f7bdc8d6d35a72d9acf8ecbc\" tg-width=\"600\" tg-height=\"371\"><span>Size of China public cloud market. Data source: CAICT; Sina.com.cn</span></p>\n<p>BABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06198c569504bc303c34563041dfb294\" tg-width=\"600\" tg-height=\"371\"><span>Worldwide public cloud spending. Data source: Gartner</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8482037f60575f964053ab732496bee3\" tg-width=\"1176\" tg-height=\"700\"><span>Worldwide public cloud market share. Source:CnTechPost; Gartner</span></p>\n<p>Therefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.</p>\n<p><b>BABA's Valuations Look Highly Compelling</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62a087c4b3ef7efc2c5dde813e3b959d\" tg-width=\"1000\" tg-height=\"600\"><span>NTM TEV / EBIT 3Y range.</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b2605c0e5ad364a7a43929fef204595c\" tg-width=\"1280\" tg-height=\"687\"><span>EV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ</span></p>\n<p>When we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d27873e676dfb23c98d4a69aa5861e02\" tg-width=\"1280\" tg-height=\"1117\"><span>Peers EV / EBIT Valuations. Data source: S&P Capital IQ</span></p>\n<p>By using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.</p>\n<p><b>Risks to Assumptions</b></p>\n<p>Now, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.</p>\n<p><b>Wrapping It All Up</b></p>\n<p>Alibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Stock: The Bottoming Process Looks To Be Forming Already</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Stock: The Bottoming Process Looks To Be Forming Already\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 09:07 GMT+8 <a href=https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short...</p>\n\n<a href=\"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://seekingalpha.com/article/4435297-alibaba-stock-bottoming-process-forming-buy-now","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175693382","content_text":"Summary\n\nAlibaba is probably the most undervalued growth stock right now.\nThe company’s multiple growth drivers within a rapidly expanding market made its valuations look even more baffling.\nThe short term technical picture may be turning bullish with a potential double bottom price action signal.\nWe discuss the company’s multiple growth drivers and let investors judge for themselves.\n\nYongyuan Dai/iStock Unreleased via Getty Images\nThe Technical Thesis\nSource: TradingView\nAlibaba’s stock price has endured a terrible 8 months ever since its Ant Financial IPO was pulled in early Nov 20, with the stock languishing in the doldrums 34% off its high. When considering the health of its long term uptrend, it’s clear that BABA has a relatively strong uptrend bias and has generally been well supported along its key 50W MA. The only other time in the last 4 years that it lost its key 50W MA support level was during the 2018 bear market where BABA dropped about 40%, but was still well supported above the important 200W MA, which we usually consider as the “last line of defense”. Right now BABA is somewhat facing a similar situation again: down 34%, lost the 50W MA, but looks to be well supported above the 200W MA. In addition to that, one interesting observation in price action analysis may lead price action traders/investors to be especially bullish: a potential double bottom formation. BABA's price is seemingly going through a double bottom like it did during the 2018 bear market before it rallied strongly thereafter. As a result, BABA’s current level may offer a possible technical buy entry point now.\nBABA's Fundamental Thesis: Rapidly Expanding Growth Drivers\nAnnual GMV. Data source: Company filings\nAnnual e-commerce revenue. Data source: Company filings\nBABA’s GMV grew from 1.68T yuan to 7.49T yuan in just a matter of 7 years, which represented a CAGR of 23.8%, a truly amazing growth rate. We also saw its GMV growth being converted into revenue growth as its China commerce revenue grew from 7.67B yuan to 473.68B yuan, at a CAGR of 51% over the last 10 years. While its international footprint remains considerably smaller, it still grew at a CAGR of 30.42% over the last 10 years, which was by no means slow.\nEven though China’s e-commerce market is expected to grow considerably slower at a CAGR of 12.4% over the next three years, from 13.8T yuan, equivalent to $2.16T in 2021 to 19.6T yuan,equivalent to $3.06T by 2024, the massive size of the market still offers tremendous upside potential for BABA and its closest competitors to grow into.\nE-commerce revenue in the U.S. Data source: Statista\nWhen we take things into clearer perspective by comparing China’s growth rate and size of its market to that of the U.S. e-commerce market, we could see the huge differences in their sizes and growth rates as the U.S. e-commerce market is only expected to grow at a CAGR of 4.67% from 2021 to 2025, which is significantly slower than China’s 12.4%. In addition, the U.S. market is also expected to reach about $563B in total revenue, which is 18% of what the China market is expected to be worth by then.\nPeers EBIT Margin and Projected EBIT Margin. Data source: S&P Capital IQ\nEven though Alibaba has been facing increased competitive pressures from its fast growing key competitors: JD.com(NASDAQ:JD)and Pinduoduo(NASDAQ:PDD), BABA has already been operating a much more profitable business (both EBIT and FCF), and is expected to continue delivering strong profitability moving forward, which should give the company tremendous flexibility to compete head on with JD and PDD in its quest to extend its leadership. Investors may observe that BABA’s EBIT margin was affected by the one-off administrative penalty of $2,782M that was reflected in its SG&A, and therefore skewed its EBIT margin to the downside.\nOne important move was the company’s decision to further its investment in the Community Marketplace, which is PDD’s main e-commerce strategy that saw PDD gain a total of 823M AAC in its latest quarter as compared to BABA’s 891M AAC. PDD’s AAC growth is truly phenomenal considering it had only 100M AAC in Q2’C17 as compared to BABA’s 466M AAC in the same period.\nTherefore, the momentum of growth has surely swung over to the Community Marketplace segment and BABA would need to pull out its big guns (which it has) to compete for dominance with PDD and JD.\nMarket size of community group buying in China. Data source: iiMedia Research\nEven though the expected total market size of 102B yuan by 2022 represented only about 21.5% of BABA’s FY 21 China commerce revenue, the expected rapid CAGR of 44.22% over 3 years from 2019 to 2022 cannot be missed by BABA. Although the market is still relatively small, BABA cannot allow the current leader in this market: PDD to so easily dominate and gobble up the early high growth rates at the ignorance of everyone else. Certainly BABA must compete and fight for its place in this segment and strive for early leadership to prevent PDD from extending its lead.\nPDD profitability metrics & revenue growth forecast. Data source: S&P Capital IQ\nWe could observe from the above chart that PDD is expected to continue growing its revenue rapidly over the next few years, even though they are expected to normalize subsequently. More importantly, PDD is also expected to increasingly improve its EBIT and FCF profitability moving forward. This shows that the Community Marketplace segment is an highly important growth driver that BABA must use its strength to exploit in order to deny PDD’s claim to undisputed leadership so early on in the game.\nChina public cloud spending. Source:China Internet Watch; Canalys\nSize of China public cloud market. Data source: CAICT; Sina.com.cn\nBABA has a 40% share in China’s public cloud market, way ahead of its key competitors. However, it’s important to note that despite this leadership, BABA is still in heavy investment mode to continue growing its market share as China’s public cloud market is expected to grow from 26.48B yuan in 2017 to 230.74B yuan by 2023, which would represent a CAGR of 43.4%, an incredibly stellar growth rate. This is especially clear when we compare China’s growth rate to the worldwide growth rate (see below) as public cloud spending worldwide is expected to grow from $145B in 2017 to $397B by 2022, that would represent a CAGR of 22.3%.\nWorldwide public cloud spending. Data source: Gartner\nWorldwide public cloud market share. Source:CnTechPost; Gartner\nTherefore, I don’t find it surprising that Ali Cloud has continued to extend its lead over Alphabet’s(NASDAQ:GOOGL)(NASDAQ:GOOG)GCP with a market share of 9.5% in 2020. While AMZN remains the clear leader in the market, its market share has been coming down considerably as public cloud spending continues to expand, indicating that there is a huge potential for growth for multiple players to exist. With BABA’s leadership in the rapidly expanding Chinese market, I’m increasingly bullish on the future profit and FCF contribution from this segment to BABA’s performance over time. Although BABA’s cloud segment has not been EBIT profitable yet (FY 21 EBIT margin: -15%, FY 20 EBIT margin: -17.5%), it’s also useful to note that GCP has also not been profitable for Alphabet as well (FY 20 EBIT margin: -42.9%, FY 19 EBIT margin: -52%). Therefore, we need to give BABA some time to scale up its cloud services in APAC and in China where it is expected to have stronger leadership to allow it to grow faster and investors should expect this to be a highly profitable segment over time.\nBABA's Valuations Look Highly Compelling\nNTM TEV / EBIT 3Y range.\nEV / Fwd EBIT and EV / Fwd Rev trend. Data source: S&P Capital IQ\nWhen we consider BABA's TEV / EBIT historical range, where the 3Y mean read 33.54x, BABA’s EV / Fwd EBIT trend certainly imply a hugely undervalued stock as BABA is still expected to grow its revenue and operating profits rapidly. However, as we wanted to obtain greater clarity over how its counterparts are also valued, we thought it would be useful if we value BABA’s EBIT over a set of benchmark companies that is presented below.\nPeers EV / EBIT Valuations. Data source: S&P Capital IQ\nBy using a blend of historical and forward EBIT, we could see that BABA’s EV / EBIT really looks undervalued when compared to the median value of the set of observed values from the benchmark companies. We derived a fair value range for BABA of $294.98 at the midpoint of the range, that represented a potential upside of 40.5% based on the current stock price of $210.\nRisks to Assumptions\nNow, it’s obviously baffling to watch how Mr. Market has decided to discount BABA to such an extent as if the company has lost all its key sources of growth, when in fact there is still so much potential upside coming from its commerce segment, the new marketplace initiatives and its growing Ali Cloud segment, among others. The main realistic reason that we identified for the stock's underperformance would simply be regulatory risk. We think investors should acknowledge that this risk is very real and at times huge Chinese companies have found themselves to be subjected to extra scrutiny (which is nothing new in fact) by the Chinese government. What’s critical here is that the Chinese government seemingly has significant clout over the behavior and actions of their tech behemoths that at times may be largely unpredictable. The market certainly hates unpredictability and therefore they may have significantly discounted BABA as a result of that. If investors are not able to handle uncertainty with regard to potentially unpredictable regulatory actions and their aftermath, then BABA may not be appropriate for you. However, if you believe that this is just a blip in BABA’s long journey, then you would surely find BABA's valuations extremely attractive right now, coupled with a long term mindset.\nWrapping It All Up\nAlibaba has continued to deliver solid results that demonstrated the strong capability of the company to execute well. As the company continues to operate within a market with so many growth drivers that are expected to drive the company’s future growth, investors should find the current valuations highly attractive.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":146030616,"gmtCreate":1626042296635,"gmtModify":1631890798782,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/146030616","repostId":"1114863871","repostType":4,"isVote":1,"tweetType":1,"viewCount":618,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149726216,"gmtCreate":1625749912635,"gmtModify":1631890798792,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/149726216","repostId":"1111084527","repostType":4,"repost":{"id":"1111084527","kind":"news","pubTimestamp":1625748249,"share":"https://www.laohu8.com/m/news/1111084527?lang=&edition=full","pubTime":"2021-07-08 20:44","market":"us","language":"en","title":"U.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows","url":"https://stock-news.laohu8.com/highlight/detail?id=1111084527","media":"CNBC","summary":"Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen the first half of 2021 could face hurdles in the months ahead, the Labor Department reported Thursday.First-time jobless claims totaled 373,000 for the week ended July 3, compared with the 350,000 Dow Jones estimate. The previous week's level was revised up by 7,000 from 364,000 to 371,000.The level of continuing claims decreased to 3.34 million, down 145,000 from the previous w","content":"<div>\n<p>Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen the first half of 2021 could face hurdles in the months ahead, the Labor ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/08/us-weekly-jobless-claims.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>U.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows</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\">\nU.S weekly jobless claims unexpectedly rise to 373,000, as job growth slows\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 20:44 GMT+8 <a href=https://www.cnbc.com/2021/07/08/us-weekly-jobless-claims.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen the first half of 2021 could face hurdles in the months ahead, the Labor ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/08/us-weekly-jobless-claims.html\">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.cnbc.com/2021/07/08/us-weekly-jobless-claims.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1111084527","content_text":"Initial filings for unemployment insurance unexpectedly rose last week, a possible hint that the rapid job growth seen the first half of 2021 could face hurdles in the months ahead, the Labor Department reported Thursday.\nFirst-time jobless claims totaled 373,000 for the week ended July 3, compared with the 350,000 Dow Jones estimate. The previous week's level was revised up by 7,000 from 364,000 to 371,000.\nThe level of continuing claims decreased to 3.34 million, down 145,000 from the previous week's revised level. Despite the uptick in first-time applicants, the decreased number of continuing claims represented the lowest level for insured unemployment since March 2020.\nThe four-week moving average for continuing claims, which smooths weekly volatility, fell by 44,500 to 3.44 million, also the lowest since March 2020.\nThe total of those receiving benefits through all programs fell by 449,642 to 14.2 million, according to data that runs two weeks behind.","news_type":1},"isVote":1,"tweetType":1,"viewCount":776,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140660575,"gmtCreate":1625654517297,"gmtModify":1631890798789,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Lol","listText":"Lol","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/140660575","repostId":"1117495998","repostType":4,"isVote":1,"tweetType":1,"viewCount":645,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151740671,"gmtCreate":1625109222793,"gmtModify":1631892990006,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151740671","repostId":"1178516480","repostType":4,"repost":{"id":"1178516480","kind":"news","pubTimestamp":1625094708,"share":"https://www.laohu8.com/m/news/1178516480?lang=&edition=full","pubTime":"2021-07-01 07:11","market":"us","language":"en","title":"S&P 500 notches fifth straight record closing high, fifth straight quarterly gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1178516480","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as inves","content":"<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.</p>\n<p>In the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.</p>\n<p>All three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.</p>\n<p>“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”</p>\n<p>For the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.</p>\n<p>This month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.</p>\n<p>“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”</p>\n<p>“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.</p>\n<p>“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”</p>\n<p>(Graphic: Growths stocks outperform value in June, narrow YTD gap, )</p>\n<p><img src=\"https://static.tigerbbs.com/5b82b4dfdc765d913811f9d8572e60f6\" tg-width=\"964\" tg-height=\"723\" referrerpolicy=\"no-referrer\">“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”</p>\n<p>The private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.</p>\n<p>The Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.</p>\n<p>Among the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.</p>\n<p>Boeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.</p>\n<p>Walmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.</p>\n<p>Micron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.</p>\n<p>The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.</p>\n<p>Volume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.</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>S&P 500 notches fifth straight record closing high, fifth straight quarterly gain</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\">\nS&P 500 notches fifth straight record closing high, fifth straight quarterly gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 07:11 GMT+8 <a href=https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R\">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.reuters.com/article/us-usa-stocks/sp-500-notches-fifth-straight-record-closing-high-fifth-straight-quarterly-gain-idUSKCN2E619R","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178516480","content_text":"NEW YORK (Reuters) - The S&P 500 nabbed its fifth straight record closing high on Wednesday as investors ended the month and the quarter by largely shrugging off positive economic data and looking toward Friday’s highly anticipated employment report.\nIn the last session of 2021’s first half, the indexes were languid and range-bound, with the blue-chip Dow posting gains, while the Nasdaq edged lower.\nAll three indexes posted their fifth consecutive quarterly gains, with the S&P rising 8.2%, the Nasdaq advancing 9.5% and the Dow rising 4.6%. The S&P 500 registered its second-best first-half performance since 1998, rising 14.5%.\n“It’s been a good quarter,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. “As of last night’s close, the S&P has gained more than 14% year-to-date, topping the Dow and the Nasdaq. That indicates that the stock market is having a broad rally.”\nFor the month, the bellwether S&P 500 notched its fifth consecutive advance, while the Dow snapped its four-month winning streak to end slightly lower. The Nasdaq also gained ground in June.\nThis month, investor appetite shifted away from economically sensitive cyclicals in favor of growth stocks.\n“Leading sectors year-to-date are what you’d expect,” Pavlik added. “Energy, financials and industrials, and that speaks to an economic environment that’s in the early stages of a cycle.”\n“(Investors) started the switch back to growth (stocks) after people started to buy in to (Fed Chair Jerome) Powell’s comments that focus on transitory inflation,” Pavlik added.\n“Some of the reopening trades have gotten a bit long in the tooth and that’s leading people back to growth.”\n(Graphic: Growths stocks outperform value in June, narrow YTD gap, )\n“The overall stock market continues to be on a tear, with very consistent gains for quite some time,” said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York. “Valuations, while certainly high by historical standards, have been at a fairly consistent level, benefiting from the economic recovery.”\nThe private sector added 692,000 jobs in June, breezing past expectations, according to payroll processor ADP. The number is 92,000 higher than the private payroll adds economists predict from the Labor Department’s more comprehensive employment report due on Friday.\nThe Dow Jones Industrial Average rose 210.22 points, or 0.61%, to 34,502.51, the S&P 500 gained 5.7 points, or 0.13%, to 4,297.5 and the Nasdaq Composite dropped 24.38 points, or 0.17%, to 14,503.95.\nAmong the 11 major sectors in the S&P, six ended the session higher, with energy enjoying the biggest percentage gain. Real estate was the day’s biggest loser.\nBoeing Co gained 1.6% after Germany’s defense ministry announced it would buy five of the planemaker’s P-8A maritime control aircraft, coming on the heels of United Airlines unveiling its largest-ever order for new planes.\nWalmart jumped 2.7% after announcing on Tuesday that it would start selling a prescription-only insulin analog.\nMicron Technology advanced 2.5% ahead of its quarterly earnings release, but was relatively unchanged in after-hours trading following the chipmaker’s quarterly results.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.35-to-1 ratio; on Nasdaq, a 1.19-to-1 ratio favored decliners.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 70 new highs and 36 new lows.\nVolume on U.S. exchanges was 10.85 billion shares, compared with the 11.05 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141545337,"gmtCreate":1625882632429,"gmtModify":1631890798789,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Agreed","listText":"Agreed","text":"Agreed","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/141545337","repostId":"1134141249","repostType":4,"repost":{"id":"1134141249","kind":"news","pubTimestamp":1625881620,"share":"https://www.laohu8.com/m/news/1134141249?lang=&edition=full","pubTime":"2021-07-10 09:47","market":"us","language":"en","title":"Why Virgin Galactic Is a Better Buy Than AMC","url":"https://stock-news.laohu8.com/highlight/detail?id=1134141249","media":"InvestorPlace","summary":"SPCE stock has a more compelling long-term bull thesis than AMC. In the last seven weeks, shares of Virgin Galactic stock are up 177%. The big news driving shares higher is that the Federal Aviation Administration approved Virgin to carry passengers into space.At the same time, SPCE stock has the attention of Reddit’s WallStreetBets trading community. In fact, it has become one of the most popular social media meme stocks in recent weeks. Virgin is not quite at the level of AMC Entertainment in","content":"<p>SPCE stock has a more compelling long-term bull thesis than AMC</p>\n<p>In the last seven weeks, shares of <b>Virgin Galactic</b>(NYSE:<b><u>SPCE</u></b>) stock are up 177%. The big news driving shares higher is that the Federal Aviation Administration (FAA) approved Virgin to carry passengers into space.</p>\n<p>At the same time, SPCE stock has the attention of Reddit’s WallStreetBets trading community. In fact, it has become one of the most popular social media meme stocks in recent weeks. Virgin is not quite at the level of <b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) in terms of social media buzz. However, Virgin is one of the 10 most mentioned tickers on WallStreetBets, according toSwaggy Stocks.</p>\n<p>If you’re a meme stock gambler, best of luck to you. I think you’ll have just as good a chance at day trading AMC stock for a profit as you would flipping SPCE stock or betting on red at the roulette table. If you are a long-term investor, both AMC and Virgin Galactic are grossly overvalued. However, SPCE stock has a much more compelling long-term bull thesis than AMC does.</p>\n<p><b>Why SPCE Stock Is Soaring</b></p>\n<p>On June 25, Virgin announced the FAA granted the company a commercial space-launch license.</p>\n<p>Shortly thereafter, popular billionaire founder Richard Branson announced he would be on Virgin’s first manned flight on July 11. By doing so, Branson will beat <b>Amazon.com</b>(NASDAQ:<b><u>AMZN</u></b>) founder Jeff Bezos in the billionairespace race. Bezos will be aboard Blue Origin’s first manned flight on July 20.</p>\n<p>There’s no question the recent headlines are overwhelmingly positive for the company’s brand and long-term outlook. However, Virgin Galactic is still years away from doing any meaningful business.</p>\n<p>Bank of America analyst Ronald Epstein is projecting $2 million in revenue from the company in 2021. By 2023, he is projecting Virgin Galactic’s revenue will grow to $115 million. For context, its market cap is now $10.8 billion. That valuation is slightly higher than <b>Dick’s Sporting Goods</b>(NYSE:<b><u>DKS</u></b>) at $9 billion. Bank of America is projecting $11.1 billion in revenue for Dick’s in 2023. That’s roughly 10 times more revenue than Virgin Galactic.</p>\n<p>I’m not suggesting that Virgin Galactic and Dick’s are even remotely comparable in terms of business model or growth outlook. I’m merely highlighting how tiny Virgin Galactic’s business is today and how tiny it will continue to be for at least several more years.</p>\n<p><b>Two Overvalued Stocks</b></p>\n<p>Once again, the FAA news is unequivocally good news for Virgin Galactic’s long-term outlook.</p>\n<p>“We continue to see Virgin Galactic as a beneficiary of the new commercial space race,” Epstein said following the FAA news.</p>\n<p>“However, we believe this premium is already priced into the stock and will dwindle as more commercial space companies go public.”</p>\n<p>In that same note, Epstein downgraded SPCE stock from “neutral” to “underperform.” He also set a $41 price target, well below the $49 it was trading on July 9.</p>\n<p>Like Virgin, AMC is also unprofitable. It’s also extremely overvalued based on current and projected earnings, sales and cash flow.</p>\n<p>But AMC also has an Everest-sized mountain of debt. And it has flooded the market with new shares of stock, diluting current shareholders in an attempt to stay solvent and avoid bankruptcy.</p>\n<p><b>How to Play it</b></p>\n<p>While SPCE stock is up 177% since mid-May, AMC is up 300%. As I discussed, Virgin Galactic’s big move came on the heels of major positive headlines about the company’s long-term future. The major news about AMC in recent weeks has been that the company is selling millions more shares of stock and giving retail investors free popcorn.</p>\n<p>Oh, and the company itself also took the time to include a warning to investors in an official filing.</p>\n<p>“Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” AMC wrote.</p>\n<p>Virgin Galactic is an overvalued growth stock with a reasonable chance the company will eventually grow into its current valuation. Of course, that growth may take five years or longer to play out.</p>\n<p>AMC is the exact opposite. Movie theater ticket sales have been steadily shrinking for about two decades. There’s a huge difference between making a high-risk bet on an early leader in a potentially massive growth market and making a high-risk bet on a leader in a market in secular decline.</p>\n<p>I’m not recommending long-term investors buy AMC or SPCE at this point. But if you’re going to choose one of the two meme stocks, the SPCE stock bull thesis makes a lot more sense.</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>Why Virgin Galactic Is a Better Buy Than AMC</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 Virgin Galactic Is a Better Buy Than AMC\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-10 09:47 GMT+8 <a href=https://investorplace.com/2021/07/spce-stock-why-virgin-galactic-is-a-better-buy-than-amc/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SPCE stock has a more compelling long-term bull thesis than AMC\nIn the last seven weeks, shares of Virgin Galactic(NYSE:SPCE) stock are up 177%. The big news driving shares higher is that the Federal ...</p>\n\n<a href=\"https://investorplace.com/2021/07/spce-stock-why-virgin-galactic-is-a-better-buy-than-amc/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","SPCE":"维珍银河"},"source_url":"https://investorplace.com/2021/07/spce-stock-why-virgin-galactic-is-a-better-buy-than-amc/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134141249","content_text":"SPCE stock has a more compelling long-term bull thesis than AMC\nIn the last seven weeks, shares of Virgin Galactic(NYSE:SPCE) stock are up 177%. The big news driving shares higher is that the Federal Aviation Administration (FAA) approved Virgin to carry passengers into space.\nAt the same time, SPCE stock has the attention of Reddit’s WallStreetBets trading community. In fact, it has become one of the most popular social media meme stocks in recent weeks. Virgin is not quite at the level of AMC Entertainment(NYSE:AMC) in terms of social media buzz. However, Virgin is one of the 10 most mentioned tickers on WallStreetBets, according toSwaggy Stocks.\nIf you’re a meme stock gambler, best of luck to you. I think you’ll have just as good a chance at day trading AMC stock for a profit as you would flipping SPCE stock or betting on red at the roulette table. If you are a long-term investor, both AMC and Virgin Galactic are grossly overvalued. However, SPCE stock has a much more compelling long-term bull thesis than AMC does.\nWhy SPCE Stock Is Soaring\nOn June 25, Virgin announced the FAA granted the company a commercial space-launch license.\nShortly thereafter, popular billionaire founder Richard Branson announced he would be on Virgin’s first manned flight on July 11. By doing so, Branson will beat Amazon.com(NASDAQ:AMZN) founder Jeff Bezos in the billionairespace race. Bezos will be aboard Blue Origin’s first manned flight on July 20.\nThere’s no question the recent headlines are overwhelmingly positive for the company’s brand and long-term outlook. However, Virgin Galactic is still years away from doing any meaningful business.\nBank of America analyst Ronald Epstein is projecting $2 million in revenue from the company in 2021. By 2023, he is projecting Virgin Galactic’s revenue will grow to $115 million. For context, its market cap is now $10.8 billion. That valuation is slightly higher than Dick’s Sporting Goods(NYSE:DKS) at $9 billion. Bank of America is projecting $11.1 billion in revenue for Dick’s in 2023. That’s roughly 10 times more revenue than Virgin Galactic.\nI’m not suggesting that Virgin Galactic and Dick’s are even remotely comparable in terms of business model or growth outlook. I’m merely highlighting how tiny Virgin Galactic’s business is today and how tiny it will continue to be for at least several more years.\nTwo Overvalued Stocks\nOnce again, the FAA news is unequivocally good news for Virgin Galactic’s long-term outlook.\n“We continue to see Virgin Galactic as a beneficiary of the new commercial space race,” Epstein said following the FAA news.\n“However, we believe this premium is already priced into the stock and will dwindle as more commercial space companies go public.”\nIn that same note, Epstein downgraded SPCE stock from “neutral” to “underperform.” He also set a $41 price target, well below the $49 it was trading on July 9.\nLike Virgin, AMC is also unprofitable. It’s also extremely overvalued based on current and projected earnings, sales and cash flow.\nBut AMC also has an Everest-sized mountain of debt. And it has flooded the market with new shares of stock, diluting current shareholders in an attempt to stay solvent and avoid bankruptcy.\nHow to Play it\nWhile SPCE stock is up 177% since mid-May, AMC is up 300%. As I discussed, Virgin Galactic’s big move came on the heels of major positive headlines about the company’s long-term future. The major news about AMC in recent weeks has been that the company is selling millions more shares of stock and giving retail investors free popcorn.\nOh, and the company itself also took the time to include a warning to investors in an official filing.\n“Under the circumstances, we caution you against investing in our Class A common stock, unless you are prepared to incur the risk of losing all or a substantial portion of your investment,” AMC wrote.\nVirgin Galactic is an overvalued growth stock with a reasonable chance the company will eventually grow into its current valuation. Of course, that growth may take five years or longer to play out.\nAMC is the exact opposite. Movie theater ticket sales have been steadily shrinking for about two decades. There’s a huge difference between making a high-risk bet on an early leader in a potentially massive growth market and making a high-risk bet on a leader in a market in secular decline.\nI’m not recommending long-term investors buy AMC or SPCE at this point. But if you’re going to choose one of the two meme stocks, the SPCE stock bull thesis makes a lot more sense.","news_type":1},"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165954264,"gmtCreate":1624089605258,"gmtModify":1631892990014,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow interesting read.. did not know that ","listText":"Wow interesting read.. did not know that ","text":"Wow interesting read.. did not know that","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/165954264","repostId":"1161408410","repostType":4,"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147635365,"gmtCreate":1626355652557,"gmtModify":1631890798771,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Finally!","listText":"Finally!","text":"Finally!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/147635365","repostId":"2151546521","repostType":4,"isVote":1,"tweetType":1,"viewCount":765,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142158561,"gmtCreate":1626137999553,"gmtModify":1631890798775,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/142158561","repostId":"2151534709","repostType":4,"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148568529,"gmtCreate":1625989855961,"gmtModify":1631890798782,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148568529","repostId":"1112201050","repostType":4,"repost":{"id":"1112201050","kind":"news","pubTimestamp":1625966101,"share":"https://www.laohu8.com/m/news/1112201050?lang=&edition=full","pubTime":"2021-07-11 09:15","market":"us","language":"en","title":"The Meme Stock Trade Is Far From Over. What Investors Need to Know.","url":"https://stock-news.laohu8.com/highlight/detail?id=1112201050","media":"Barrons","summary":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the de","content":"<p>It seemed to be only a matter of time.</p>\n<p>When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p>\n<p>It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p>\n<p>The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p>\n<p>That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p>\n<p>While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p>\n<p>Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p>\n<p>A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p>\n<p><img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p>\n<p>“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.</p>\n<p>The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p>\n<p>Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p>\n<p>The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p>\n<p>Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p>\n<p>These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p>\n<p>To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p>\n<p>But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p>\n<p>“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p>\n<p>“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p>\n<p>Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p>\n<p>Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p>\n<p>But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p>\n<p><img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p>\n<p>“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p>\n<p>The swings you get can definitely make you feel some sort of way.</p>\n<p>— Matt Kohrs, 26, who streams stock analysis daily on YouTube</p>\n<p>It is now changing the lives of those who got in early and are still riding the names higher.</p>\n<p>Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.</p>\n<p>With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p>\n<p>“The swings you get can definitely make you feel some sort of way,” he says.</p>\n<p>Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p>\n<p>AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p>\n<p>Forget the boardroom. Corporate policy is now being determined in the chat room.</p>\n<p>Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p>\n<p>In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p>\n<p>There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p>\n<p>For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p>\n<p>For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p>\n<p>New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p>\n<p>“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p>\n<p>Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p>\n<p>Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p>\n<p>The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p>\n<p>The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p>\n<p>Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p>\n<p>As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p>\n<p>To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p>\n<p>Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p>\n<p>Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p>\n<p>“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.</p>\n<p>“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p>\n<p>The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p>\n<p>Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p>\n<p>Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p>\n<p>In one form or another, this is the future client base of Wall Street.</p>\n<p>Arizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p>\n<p>Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</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>The Meme Stock Trade Is Far From Over. What Investors Need to Know.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Meme Stock Trade Is Far From Over. What Investors Need to Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-11 09:15 GMT+8 <a href=https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO\">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.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112201050","content_text":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?\nIt has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.\nThe collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.\nThat is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.\nWhile trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.\nEven as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.\nA sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.\n\n“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.\nThe meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.\nMeme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.\n\nThe most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.\nUnder pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.\nThese new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”\nTo be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.\nBut ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.\n“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.\n“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.\nSosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.\nIndeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.\nBut Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.\n\n“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”\nThe swings you get can definitely make you feel some sort of way.\n— Matt Kohrs, 26, who streams stock analysis daily on YouTube\nIt is now changing the lives of those who got in early and are still riding the names higher.\nTake Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.\nWith 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.\n“The swings you get can definitely make you feel some sort of way,” he says.\nCompanies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.\nAMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.\nForget the boardroom. Corporate policy is now being determined in the chat room.\nBig investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.\nIn the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.\nThere can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.\nFor now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.\nFor retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.\nNew investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.\n“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”\nClaire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”\nJust like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.\nThe new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.\nThe group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.\nKeith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.\nMany short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.\nAs the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”\nTo beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.\nDistrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.\nTravis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.\n“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.\n“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.\nThe Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.\nRegulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”\nTraditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.\nIn one form or another, this is the future client base of Wall Street.\nArizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.\nEven so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":729,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151749952,"gmtCreate":1625109267876,"gmtModify":1631892989998,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Should not have sold","listText":"Should not have sold","text":"Should not have sold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151749952","repostId":"2147818634","repostType":4,"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151757741,"gmtCreate":1625109199283,"gmtModify":1631892990010,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Great news finally","listText":"Great news finally","text":"Great news finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/151757741","repostId":"2148189849","repostType":4,"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129291471,"gmtCreate":1624372998693,"gmtModify":1631892990012,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Completely agree with this ","listText":"Completely agree with this ","text":"Completely agree with this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/129291471","repostId":"2145599620","repostType":4,"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161911592,"gmtCreate":1623900166916,"gmtModify":1631892990019,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Wow interesting… did not know this at all ","listText":"Wow interesting… did not know this at all ","text":"Wow interesting… did not know this at all","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161911592","repostId":"1147973875","repostType":4,"repost":{"id":"1147973875","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623898804,"share":"https://www.laohu8.com/m/news/1147973875?lang=&edition=full","pubTime":"2021-06-17 11:00","market":"us","language":"en","title":"Stock Wars: Hilton Worldwide Vs. Marriott International","url":"https://stock-news.laohu8.com/highlight/detail?id=1147973875","media":"Benzinga","summary":"This week, the duel is between two major players in the hotel industry:Hilton Worldwide Holdings Inc","content":"<p><i>This week, the duel is between two major players in the hotel industry:</i><i><b>Hilton Worldwide Holdings Inc.</b></i> <i>and</i> <i><b>Marriott International Inc</b></i><i>.</i></p>\n<p><b>The Case For Hilton:</b>In 1919,<b>Conrad Hilton</b> made his debut in the hotel industry by purchasing the 40-room Mobley Hotel in Cisco, Texas.</p>\n<p>Over the next decade, the entrepreneurial hotelier purchased several additional hotels across the Lone Star State. Hilton expanded outside of Texas into Albuquerque, New Mexico in 1939 and California, New York and Chicago in the 1940s.</p>\n<p>Today, the Hilton portfolio consists of 18 brands covering more than 6,500 properties in 119 countries and territories, making it the world’s second-largest hotel company.</p>\n<p><img src=\"https://static.tigerbbs.com/193b4a5ede24ed4d88328668239e9666\" tg-width=\"320\" tg-height=\"119\"></p>\n<p>The hospitality industry has been eager to move beyond the COVID-19 pandemic and Hilton is eager to welcome post-pandemic travelers.</p>\n<p>The company recently opened Spain’s Atocha Hotel Madrid as the first European property in the Tapestry Collection by Hilton brand, and it announced deals with Shimao Group Holdings Ltd. to build four luxury hotels in China and with Signo Hospitality to develop 10 new hotels in Germany.</p>\n<p>Closer to home, Hilton and Resorts World Las Vegas are finishing work on three Hilton brand hotels that are part of a $4.3 billion, 3,500-room integrated resort scheduled to open in Las Vegas by the July 4 holiday weekend.</p>\n<p>In its Q1 earnings report, Hilton reported it approved 21,900 new rooms for development during the quarter, bringing its development pipeline to 399,000 rooms as of March 31. As of April 28, 97% of Hilton's system-wide hotels were open.</p>\n<p>However, Hilton’s financial performance during the quarter offered a reminder that the residue of the pandemic era has yet to be scraped away.</p>\n<p>Total first-quarter revenue was $874 million, down from $1.9 billion one year earlier, with the company reporting a net income loss of $109 million versus the $18 million profit from the previous year.</p>\n<p>Adjusted EBITDA was $198 million, down from $363 million one year earlier. Diluted earnings per share (EPS) was -39 cents, compared to 6 cents one year earlier, and adjusted diluted EPS was 2 cents versus 74 cents in the first quarter of 2020.</p>\n<p><b>Hilton President and CEO Christopher J. Nassetta</b>acknowledged rising coronavirus cases and tightened travel restrictions in Europe and the Asia-Pacific region worked against the company during January and February, there was “meaningful improvement in March and April” and there was an opportunity for a more vibrant post-pandemic near-future.</p>\n<p>“We expect this positive momentum to continue as vaccines are more widely distributed and our customers feel safe traveling again,” Nassetta said. “We continue to grow our portfolio of hotels in exciting destinations throughout the world, giving our guests more options than ever before to make a Hilton hotel a part of their plans as travel resumes.”</p>\n<p>Hilton trades around $129.25, slightly below its 52-week high of $132.69 and far from its 52-week low of $69.83.</p>\n<p><b>The Case For Marriott:</b>In 1927, John and Alice Marriott opened a root beer stand in Washington, D.C.</p>\n<p>From that humble beginning, the company expanded into the hospitality industry through the Hot Shoppes Inc. restaurant chain, which they took public in 1953. The Marriotts opened their first lodging property in 1957 with the Twin Bridges Motor Hotel in Arlington, Virginia.</p>\n<p>Today, Marriott is the world’s largest hotel company, with a portfolio of more than 7,600 properties under 30 brands spanning 133 countries and territories.</p>\n<p><img src=\"https://static.tigerbbs.com/0eb53fb2fd1ddc28ba54635ae9037f9f\" tg-width=\"320\" tg-height=\"102\"></p>\n<p>As with Hilton, Marriott is planning for the post-pandemic environment with a flurry of new properties. The Marriott brands have recently seen new hotels opening in South Korea, the Maldives, Dubai, Bermuda, Montreal, Maui and Philadelphia, while the company has signed an agreement with China’s Ningbo Central Plaza Construction and Development Co. Ltd to bring its Ritz-Carlton brand to Ningbo, a port city that has been taking on increased prominence.</p>\n<p>In February, Marriott experienced an emotional setback with the death of President and CEO <b>Arne Sorenson</b> at the age of 62 following a bout with pancreatic cancer.</p>\n<p>Sorenson, who held his offices since 2012, was only the third chief executive in the company’s history and the first who was not part of the founding Marriott family.</p>\n<p>Sorenson’s duties were divided between <b>Anthony Capuano,</b>who was promoted to CEO from group president of global development, design and operations services, and <b>Stephanie Linnartz,</b>who was promoted to president from group president of consumer operations, technology and emerging businesses.</p>\n<p>In one of his first interviews as CEO, Capuano told Yahoo Finance Live that the company was scrambling to hire new employees to meet the rising demand in hotel guests.</p>\n<p>\"We have had some labor challenges in those leisure destinations where we have seen demand spike so quickly,\" Capuano said. \"So, in South Florida, Texas, Arizona we are running job fairs and we are providing some one-time hiring incentives to get the hotels staffed.\"</p>\n<p>In its Q1 earnings report, Marriott said it added more than 23,500 rooms, including nearly 12,000 rooms.</p>\n<p>But Marriott shared Hilton’s situation in trying to move past the tumult created by the pandemic: it reported operating income totaled $84 million, down from $114 million one year earlier, and recorded an $11 million net loss compared to net income of $31 million in the previous year.</p>\n<p>Adjusted EBITDA totaled $296 million, compared to first-quarter 2020’s adjusted EBITDA of $442 million. The quarter reported diluted loss per share totaled 3 cents, compared to the reported diluted EPS of 9 cents in the year-ago quarter. First-quarter adjusted diluted EPS totaled 10 cents, compared to first quarter 2020 adjusted diluted EPS of 49 cents.</p>\n<p>Capuano stressed Marriott’s fortunes were improving, noting how U.S. and Canadian occupancy grew from 33% in January to 49% in March while “occupancy reached 66% in mainland China in March, nearly the same as in March 2019.”</p>\n<p>He added the company was “welcoming more and more guests to our hotels as consumers are traveling again once they feel it is safe.”</p>\n<p>Marriott trades around $144, closer to its 52-week high of $159.98 than to its 52-week low of $80.26.</p>\n<p><b>The Verdict:</b>Despite the upheaval felt in the hospitality space as a result of the pandemic, both Hilton and Marriott stocks have maintained their respective strength.</p>\n<p>Both companies are ready and able to put the pandemic in the rearview mirror, and the partnerships they are striking in Europe and Asia show both companies believe their road to increased profits lies overseas.</p>\n<p>Barring an unforeseen surge in coronavirus infections or a global economic slump, both Hilton and Marriott are poised for a brighter future.</p>\n<p>Either company would be a solid portfolio presence for investors seeking long-haul growth.</p>\n<p>In this Stock War, we have to declare a draw.</p>\n<p></p>\n<p></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>Stock Wars: Hilton Worldwide Vs. Marriott International</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\">\nStock Wars: Hilton Worldwide Vs. Marriott International\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-17 11:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><i>This week, the duel is between two major players in the hotel industry:</i><i><b>Hilton Worldwide Holdings Inc.</b></i> <i>and</i> <i><b>Marriott International Inc</b></i><i>.</i></p>\n<p><b>The Case For Hilton:</b>In 1919,<b>Conrad Hilton</b> made his debut in the hotel industry by purchasing the 40-room Mobley Hotel in Cisco, Texas.</p>\n<p>Over the next decade, the entrepreneurial hotelier purchased several additional hotels across the Lone Star State. Hilton expanded outside of Texas into Albuquerque, New Mexico in 1939 and California, New York and Chicago in the 1940s.</p>\n<p>Today, the Hilton portfolio consists of 18 brands covering more than 6,500 properties in 119 countries and territories, making it the world’s second-largest hotel company.</p>\n<p><img src=\"https://static.tigerbbs.com/193b4a5ede24ed4d88328668239e9666\" tg-width=\"320\" tg-height=\"119\"></p>\n<p>The hospitality industry has been eager to move beyond the COVID-19 pandemic and Hilton is eager to welcome post-pandemic travelers.</p>\n<p>The company recently opened Spain’s Atocha Hotel Madrid as the first European property in the Tapestry Collection by Hilton brand, and it announced deals with Shimao Group Holdings Ltd. to build four luxury hotels in China and with Signo Hospitality to develop 10 new hotels in Germany.</p>\n<p>Closer to home, Hilton and Resorts World Las Vegas are finishing work on three Hilton brand hotels that are part of a $4.3 billion, 3,500-room integrated resort scheduled to open in Las Vegas by the July 4 holiday weekend.</p>\n<p>In its Q1 earnings report, Hilton reported it approved 21,900 new rooms for development during the quarter, bringing its development pipeline to 399,000 rooms as of March 31. As of April 28, 97% of Hilton's system-wide hotels were open.</p>\n<p>However, Hilton’s financial performance during the quarter offered a reminder that the residue of the pandemic era has yet to be scraped away.</p>\n<p>Total first-quarter revenue was $874 million, down from $1.9 billion one year earlier, with the company reporting a net income loss of $109 million versus the $18 million profit from the previous year.</p>\n<p>Adjusted EBITDA was $198 million, down from $363 million one year earlier. Diluted earnings per share (EPS) was -39 cents, compared to 6 cents one year earlier, and adjusted diluted EPS was 2 cents versus 74 cents in the first quarter of 2020.</p>\n<p><b>Hilton President and CEO Christopher J. Nassetta</b>acknowledged rising coronavirus cases and tightened travel restrictions in Europe and the Asia-Pacific region worked against the company during January and February, there was “meaningful improvement in March and April” and there was an opportunity for a more vibrant post-pandemic near-future.</p>\n<p>“We expect this positive momentum to continue as vaccines are more widely distributed and our customers feel safe traveling again,” Nassetta said. “We continue to grow our portfolio of hotels in exciting destinations throughout the world, giving our guests more options than ever before to make a Hilton hotel a part of their plans as travel resumes.”</p>\n<p>Hilton trades around $129.25, slightly below its 52-week high of $132.69 and far from its 52-week low of $69.83.</p>\n<p><b>The Case For Marriott:</b>In 1927, John and Alice Marriott opened a root beer stand in Washington, D.C.</p>\n<p>From that humble beginning, the company expanded into the hospitality industry through the Hot Shoppes Inc. restaurant chain, which they took public in 1953. The Marriotts opened their first lodging property in 1957 with the Twin Bridges Motor Hotel in Arlington, Virginia.</p>\n<p>Today, Marriott is the world’s largest hotel company, with a portfolio of more than 7,600 properties under 30 brands spanning 133 countries and territories.</p>\n<p><img src=\"https://static.tigerbbs.com/0eb53fb2fd1ddc28ba54635ae9037f9f\" tg-width=\"320\" tg-height=\"102\"></p>\n<p>As with Hilton, Marriott is planning for the post-pandemic environment with a flurry of new properties. The Marriott brands have recently seen new hotels opening in South Korea, the Maldives, Dubai, Bermuda, Montreal, Maui and Philadelphia, while the company has signed an agreement with China’s Ningbo Central Plaza Construction and Development Co. Ltd to bring its Ritz-Carlton brand to Ningbo, a port city that has been taking on increased prominence.</p>\n<p>In February, Marriott experienced an emotional setback with the death of President and CEO <b>Arne Sorenson</b> at the age of 62 following a bout with pancreatic cancer.</p>\n<p>Sorenson, who held his offices since 2012, was only the third chief executive in the company’s history and the first who was not part of the founding Marriott family.</p>\n<p>Sorenson’s duties were divided between <b>Anthony Capuano,</b>who was promoted to CEO from group president of global development, design and operations services, and <b>Stephanie Linnartz,</b>who was promoted to president from group president of consumer operations, technology and emerging businesses.</p>\n<p>In one of his first interviews as CEO, Capuano told Yahoo Finance Live that the company was scrambling to hire new employees to meet the rising demand in hotel guests.</p>\n<p>\"We have had some labor challenges in those leisure destinations where we have seen demand spike so quickly,\" Capuano said. \"So, in South Florida, Texas, Arizona we are running job fairs and we are providing some one-time hiring incentives to get the hotels staffed.\"</p>\n<p>In its Q1 earnings report, Marriott said it added more than 23,500 rooms, including nearly 12,000 rooms.</p>\n<p>But Marriott shared Hilton’s situation in trying to move past the tumult created by the pandemic: it reported operating income totaled $84 million, down from $114 million one year earlier, and recorded an $11 million net loss compared to net income of $31 million in the previous year.</p>\n<p>Adjusted EBITDA totaled $296 million, compared to first-quarter 2020’s adjusted EBITDA of $442 million. The quarter reported diluted loss per share totaled 3 cents, compared to the reported diluted EPS of 9 cents in the year-ago quarter. First-quarter adjusted diluted EPS totaled 10 cents, compared to first quarter 2020 adjusted diluted EPS of 49 cents.</p>\n<p>Capuano stressed Marriott’s fortunes were improving, noting how U.S. and Canadian occupancy grew from 33% in January to 49% in March while “occupancy reached 66% in mainland China in March, nearly the same as in March 2019.”</p>\n<p>He added the company was “welcoming more and more guests to our hotels as consumers are traveling again once they feel it is safe.”</p>\n<p>Marriott trades around $144, closer to its 52-week high of $159.98 than to its 52-week low of $80.26.</p>\n<p><b>The Verdict:</b>Despite the upheaval felt in the hospitality space as a result of the pandemic, both Hilton and Marriott stocks have maintained their respective strength.</p>\n<p>Both companies are ready and able to put the pandemic in the rearview mirror, and the partnerships they are striking in Europe and Asia show both companies believe their road to increased profits lies overseas.</p>\n<p>Barring an unforeseen surge in coronavirus infections or a global economic slump, both Hilton and Marriott are poised for a brighter future.</p>\n<p>Either company would be a solid portfolio presence for investors seeking long-haul growth.</p>\n<p>In this Stock War, we have to declare a draw.</p>\n<p></p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147973875","content_text":"This week, the duel is between two major players in the hotel industry:Hilton Worldwide Holdings Inc. and Marriott International Inc.\nThe Case For Hilton:In 1919,Conrad Hilton made his debut in the hotel industry by purchasing the 40-room Mobley Hotel in Cisco, Texas.\nOver the next decade, the entrepreneurial hotelier purchased several additional hotels across the Lone Star State. Hilton expanded outside of Texas into Albuquerque, New Mexico in 1939 and California, New York and Chicago in the 1940s.\nToday, the Hilton portfolio consists of 18 brands covering more than 6,500 properties in 119 countries and territories, making it the world’s second-largest hotel company.\n\nThe hospitality industry has been eager to move beyond the COVID-19 pandemic and Hilton is eager to welcome post-pandemic travelers.\nThe company recently opened Spain’s Atocha Hotel Madrid as the first European property in the Tapestry Collection by Hilton brand, and it announced deals with Shimao Group Holdings Ltd. to build four luxury hotels in China and with Signo Hospitality to develop 10 new hotels in Germany.\nCloser to home, Hilton and Resorts World Las Vegas are finishing work on three Hilton brand hotels that are part of a $4.3 billion, 3,500-room integrated resort scheduled to open in Las Vegas by the July 4 holiday weekend.\nIn its Q1 earnings report, Hilton reported it approved 21,900 new rooms for development during the quarter, bringing its development pipeline to 399,000 rooms as of March 31. As of April 28, 97% of Hilton's system-wide hotels were open.\nHowever, Hilton’s financial performance during the quarter offered a reminder that the residue of the pandemic era has yet to be scraped away.\nTotal first-quarter revenue was $874 million, down from $1.9 billion one year earlier, with the company reporting a net income loss of $109 million versus the $18 million profit from the previous year.\nAdjusted EBITDA was $198 million, down from $363 million one year earlier. Diluted earnings per share (EPS) was -39 cents, compared to 6 cents one year earlier, and adjusted diluted EPS was 2 cents versus 74 cents in the first quarter of 2020.\nHilton President and CEO Christopher J. Nassettaacknowledged rising coronavirus cases and tightened travel restrictions in Europe and the Asia-Pacific region worked against the company during January and February, there was “meaningful improvement in March and April” and there was an opportunity for a more vibrant post-pandemic near-future.\n“We expect this positive momentum to continue as vaccines are more widely distributed and our customers feel safe traveling again,” Nassetta said. “We continue to grow our portfolio of hotels in exciting destinations throughout the world, giving our guests more options than ever before to make a Hilton hotel a part of their plans as travel resumes.”\nHilton trades around $129.25, slightly below its 52-week high of $132.69 and far from its 52-week low of $69.83.\nThe Case For Marriott:In 1927, John and Alice Marriott opened a root beer stand in Washington, D.C.\nFrom that humble beginning, the company expanded into the hospitality industry through the Hot Shoppes Inc. restaurant chain, which they took public in 1953. The Marriotts opened their first lodging property in 1957 with the Twin Bridges Motor Hotel in Arlington, Virginia.\nToday, Marriott is the world’s largest hotel company, with a portfolio of more than 7,600 properties under 30 brands spanning 133 countries and territories.\n\nAs with Hilton, Marriott is planning for the post-pandemic environment with a flurry of new properties. The Marriott brands have recently seen new hotels opening in South Korea, the Maldives, Dubai, Bermuda, Montreal, Maui and Philadelphia, while the company has signed an agreement with China’s Ningbo Central Plaza Construction and Development Co. Ltd to bring its Ritz-Carlton brand to Ningbo, a port city that has been taking on increased prominence.\nIn February, Marriott experienced an emotional setback with the death of President and CEO Arne Sorenson at the age of 62 following a bout with pancreatic cancer.\nSorenson, who held his offices since 2012, was only the third chief executive in the company’s history and the first who was not part of the founding Marriott family.\nSorenson’s duties were divided between Anthony Capuano,who was promoted to CEO from group president of global development, design and operations services, and Stephanie Linnartz,who was promoted to president from group president of consumer operations, technology and emerging businesses.\nIn one of his first interviews as CEO, Capuano told Yahoo Finance Live that the company was scrambling to hire new employees to meet the rising demand in hotel guests.\n\"We have had some labor challenges in those leisure destinations where we have seen demand spike so quickly,\" Capuano said. \"So, in South Florida, Texas, Arizona we are running job fairs and we are providing some one-time hiring incentives to get the hotels staffed.\"\nIn its Q1 earnings report, Marriott said it added more than 23,500 rooms, including nearly 12,000 rooms.\nBut Marriott shared Hilton’s situation in trying to move past the tumult created by the pandemic: it reported operating income totaled $84 million, down from $114 million one year earlier, and recorded an $11 million net loss compared to net income of $31 million in the previous year.\nAdjusted EBITDA totaled $296 million, compared to first-quarter 2020’s adjusted EBITDA of $442 million. The quarter reported diluted loss per share totaled 3 cents, compared to the reported diluted EPS of 9 cents in the year-ago quarter. First-quarter adjusted diluted EPS totaled 10 cents, compared to first quarter 2020 adjusted diluted EPS of 49 cents.\nCapuano stressed Marriott’s fortunes were improving, noting how U.S. and Canadian occupancy grew from 33% in January to 49% in March while “occupancy reached 66% in mainland China in March, nearly the same as in March 2019.”\nHe added the company was “welcoming more and more guests to our hotels as consumers are traveling again once they feel it is safe.”\nMarriott trades around $144, closer to its 52-week high of $159.98 than to its 52-week low of $80.26.\nThe Verdict:Despite the upheaval felt in the hospitality space as a result of the pandemic, both Hilton and Marriott stocks have maintained their respective strength.\nBoth companies are ready and able to put the pandemic in the rearview mirror, and the partnerships they are striking in Europe and Asia show both companies believe their road to increased profits lies overseas.\nBarring an unforeseen surge in coronavirus infections or a global economic slump, both Hilton and Marriott are poised for a brighter future.\nEither company would be a solid portfolio presence for investors seeking long-haul growth.\nIn this Stock War, we have to declare a draw.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161911961,"gmtCreate":1623900130253,"gmtModify":1631892990022,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161911961","repostId":"1167564439","repostType":4,"repost":{"id":"1167564439","kind":"news","pubTimestamp":1623899242,"share":"https://www.laohu8.com/m/news/1167564439?lang=&edition=full","pubTime":"2021-06-17 11:07","market":"us","language":"en","title":"Will AMC, the Meme Stock Alpha Dog, Go Even Higher?","url":"https://stock-news.laohu8.com/highlight/detail?id=1167564439","media":"InvestorPlace","summary":"AMC stock has been surging lately. Just how long can the rally go on?\nIn January, it was GameStop(NY","content":"<p>AMC stock has been surging lately. Just how long can the rally go on?</p>\n<p>In January, it was <b>GameStop</b>(NYSE:<b><u>GME</u></b>) leading the charge at the center of the Reddit rally. Now,<b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) is the front man, this time leading the so-called meme stock rally.</p>\n<p>Investors are wondering how long this rally can last and whether it’s actually sustainable.</p>\n<p>I hate to stick my neck out in these types of scenarios. But generally the answer is no, these types of rallies do not tend to hold up over time. That said, there is nothing general about this situation, and we’re seeing an orchestrated effort to squeeze a handful of stocks higher. After all, GameStop has held up pretty well from its initial squeeze.</p>\n<p>Some find this price action entertaining. Others find it insulting. I just say, it is what it is. If you don’t want to participate in it, don’t. There are thousands of securities to trade on a daily basis and this affects about two dozen of them. If you are going to get involved, just keep your risk in focus, as the trading ranges are incredibly wide.</p>\n<p>For now, AMC remains the alpha dog in this current rally.</p>\n<p><b>Reddit Saves AMC</b></p>\n<p>2021 feels like a better year than 2020. There’s light at the end of the tunnel and we’re emerging from the novel coronavirus pandemic. Airport traffic is hitting new heights since the pandemic, while the U.S. has seen new cases plunge amid a strong vaccination push.</p>\n<p>But let’s not forget, we also<i>still</i>have hundreds of deaths a day occurring the U.S. due to Covid-19. Globally, we’ve now had more coronavirus deaths in 2021 vs. 2020.</p>\n<p>While things are clearly improving, particularly in the U.S., we haven’t gotten the full all-clear. Further, Q1 and the beginning of Q2 were a painful reality for businesses like AMC.</p>\n<p>But thanks to the Reddit short squeeze we saw earlier in the year, the company was able to raise a substantial amount of cash. In fact, it has now done so several times, allowing AMC to bolster its balance sheet.</p>\n<p>On Jan. 25, the company announced it raised or had commitments for $917 million. More than half of this was via equity, with the rest in various forms of debt.This would help AMC “make it through this dark coronavirus-impacted winter.”</p>\n<p>Then in May, AMC brought in $428 million after selling 43 million shares at just below $10. A few weeks later in June, Mudrick Capital agreed to buy 8.5 million shares for roughly $27 apiece,raising over $230 million. That capital will be used for “acquisition opportunities and investments in existing AMC theatres.”</p>\n<p>In all, the company raised about $1.2 billion this quarter.As President and CEO Adam Aron put it,“with our increased liquidity, an increasingly vaccinated population and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense again.”</p>\n<p><b>Can the Rally in AMC Last?</b></p>\n<p>Clearly AMC stock will survive. Or at least, it<i>should</i>survive. It’s got more than enough capital on hand to weather whatever remains of the Covid-19 storm and truthfully, management could decide to flood the market with even more supply of stock. A 10 million share secondary offering at $50 would raise half a billion dollars.</p>\n<p>With all the raising it did in Q2 with no ill impact on the stock price, I wouldn’t be surprised to see Aron & Co. pull the trigger on another raise. In fact, I would applaud it after shares hit all-time highs at the beginning of the month.</p>\n<p>Does the company go after something like <b>Imax Corp</b>(NYSE:<b><u>IMAX</u></b>), with a market capitalization below $1.5 billion? Is that what Aron means by going on the offense?</p>\n<p>We’ll find out in the coming weeks and months, but I really think this company will be okay. That said, that doesn’t mean its stock is a good value. Trading in AMC stock is one thing. Investing in it is another.</p>\n<p>Analysts expect AMC to remain unprofitable in 2022. Further, estimates call for “just” $2.5 billion in sales this year as it still feels the impact of Covid-19. In 2022, estimates call for $4.8 billion in sales. Round it up to $5 billion and we have a stock trading at six times 2022 revenue for a firm that never had sustained operating margins above 10%, a figure that was below 5% <i>before</i> Covid-19.</p>\n<p><b>Bottom Line on AMC Stock</b></p>\n<p>I would really like to see the $35 level hold as support on a pullback. Below puts the 21-day moving average in play, then ~$20 — the prior 2021 high.</p>\n<p>Above $50 and $60 is in play, followed by the 52-week high at $72.62. Above that and this baby could continue to fly.</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>Will AMC, the Meme Stock Alpha Dog, Go Even Higher?</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 AMC, the Meme Stock Alpha Dog, Go Even Higher?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 11:07 GMT+8 <a href=https://investorplace.com/2021/06/will-amc-the-meme-stock-alpha-dog-go-even-higher/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC stock has been surging lately. Just how long can the rally go on?\nIn January, it was GameStop(NYSE:GME) leading the charge at the center of the Reddit rally. Now,AMC Entertainment(NYSE:AMC) is the...</p>\n\n<a href=\"https://investorplace.com/2021/06/will-amc-the-meme-stock-alpha-dog-go-even-higher/\">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://investorplace.com/2021/06/will-amc-the-meme-stock-alpha-dog-go-even-higher/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167564439","content_text":"AMC stock has been surging lately. Just how long can the rally go on?\nIn January, it was GameStop(NYSE:GME) leading the charge at the center of the Reddit rally. Now,AMC Entertainment(NYSE:AMC) is the front man, this time leading the so-called meme stock rally.\nInvestors are wondering how long this rally can last and whether it’s actually sustainable.\nI hate to stick my neck out in these types of scenarios. But generally the answer is no, these types of rallies do not tend to hold up over time. That said, there is nothing general about this situation, and we’re seeing an orchestrated effort to squeeze a handful of stocks higher. After all, GameStop has held up pretty well from its initial squeeze.\nSome find this price action entertaining. Others find it insulting. I just say, it is what it is. If you don’t want to participate in it, don’t. There are thousands of securities to trade on a daily basis and this affects about two dozen of them. If you are going to get involved, just keep your risk in focus, as the trading ranges are incredibly wide.\nFor now, AMC remains the alpha dog in this current rally.\nReddit Saves AMC\n2021 feels like a better year than 2020. There’s light at the end of the tunnel and we’re emerging from the novel coronavirus pandemic. Airport traffic is hitting new heights since the pandemic, while the U.S. has seen new cases plunge amid a strong vaccination push.\nBut let’s not forget, we alsostillhave hundreds of deaths a day occurring the U.S. due to Covid-19. Globally, we’ve now had more coronavirus deaths in 2021 vs. 2020.\nWhile things are clearly improving, particularly in the U.S., we haven’t gotten the full all-clear. Further, Q1 and the beginning of Q2 were a painful reality for businesses like AMC.\nBut thanks to the Reddit short squeeze we saw earlier in the year, the company was able to raise a substantial amount of cash. In fact, it has now done so several times, allowing AMC to bolster its balance sheet.\nOn Jan. 25, the company announced it raised or had commitments for $917 million. More than half of this was via equity, with the rest in various forms of debt.This would help AMC “make it through this dark coronavirus-impacted winter.”\nThen in May, AMC brought in $428 million after selling 43 million shares at just below $10. A few weeks later in June, Mudrick Capital agreed to buy 8.5 million shares for roughly $27 apiece,raising over $230 million. That capital will be used for “acquisition opportunities and investments in existing AMC theatres.”\nIn all, the company raised about $1.2 billion this quarter.As President and CEO Adam Aron put it,“with our increased liquidity, an increasingly vaccinated population and the imminent release of blockbuster new movie titles, it is time for AMC to go on the offense again.”\nCan the Rally in AMC Last?\nClearly AMC stock will survive. Or at least, itshouldsurvive. It’s got more than enough capital on hand to weather whatever remains of the Covid-19 storm and truthfully, management could decide to flood the market with even more supply of stock. A 10 million share secondary offering at $50 would raise half a billion dollars.\nWith all the raising it did in Q2 with no ill impact on the stock price, I wouldn’t be surprised to see Aron & Co. pull the trigger on another raise. In fact, I would applaud it after shares hit all-time highs at the beginning of the month.\nDoes the company go after something like Imax Corp(NYSE:IMAX), with a market capitalization below $1.5 billion? Is that what Aron means by going on the offense?\nWe’ll find out in the coming weeks and months, but I really think this company will be okay. That said, that doesn’t mean its stock is a good value. Trading in AMC stock is one thing. Investing in it is another.\nAnalysts expect AMC to remain unprofitable in 2022. Further, estimates call for “just” $2.5 billion in sales this year as it still feels the impact of Covid-19. In 2022, estimates call for $4.8 billion in sales. Round it up to $5 billion and we have a stock trading at six times 2022 revenue for a firm that never had sustained operating margins above 10%, a figure that was below 5% before Covid-19.\nBottom Line on AMC Stock\nI would really like to see the $35 level hold as support on a pullback. Below puts the 21-day moving average in play, then ~$20 — the prior 2021 high.\nAbove $50 and $60 is in play, followed by the 52-week high at $72.62. Above that and this baby could continue to fly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":411,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128538595,"gmtCreate":1624522816917,"gmtModify":1631892990009,"author":{"id":"3577490655979562","authorId":"3577490655979562","name":"Ronn","avatar":"https://static.tigerbbs.com/01315438398478d6a6ee536786f189dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577490655979562","authorIdStr":"3577490655979562"},"themes":[],"htmlText":"Very interesting stuff","listText":"Very interesting stuff","text":"Very interesting stuff","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128538595","repostId":"2145010262","repostType":4,"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}