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2021-06-14

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2021-05-27

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2021-06-06

Wow

U.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO

2021-05-04

What happenes between them... 27 years love story gone

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2021-07-09

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2021-05-27

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2021-06-25

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2021-08-27

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2021-07-20

[流泪]

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2021-06-03

I like 🍿

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2021-08-12

Ohh

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2021-06-14

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2021-06-02

Yeah

S&P 500 dips, as healthcare weighs; Dow ends higher

2021-09-16

Up up up Tiger

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2021-05-17

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2021-09-14

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2021-08-29

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This Unloved Tech Stock Could Make You Rich One Day

2021-08-28

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2021-08-11

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2021-07-26

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reported, citing people familiar with the matter.</p>\n<p>The company is also reportedly planning to increase its marketing spend on Apple TV+ to more than&nbsp;$500 million in 2021.</p>\n<p>Apple is planning to set aside some of the budget to bring a dedicated Apple TV+ button to remotes from other manufacturers, similar to its arrangement with&nbsp;<b>Roku, Inc.</b>, the report said.</p>\n<p>Cupertino launched&nbsp;Apple TV+,an ad-free subscription video-on-demand streaming service,&nbsp;in November&nbsp;2019. The content of the service can be viewed through the company's website as well as through the Apple TV+ app.</p>\n<p>Apple TV+ subscriptions at the end of 2020 were around 40 million, the report said. About half of them were paying subscribers, while the others were on some sort of free trials, the report added.</p>\n<p>The company had also considered introducing a low-cost Apple TV+&nbsp; hardware dongle accessory but had eventually decided against it.</p>\n<p><b>Why It's Important:</b>Apple's competitive positioning in streaming is not very attractive.</p>\n<p><b>Walt Disney Co.'s</b>,which was launched around the same time as Apple&nbsp;TV+, had about 116 million subscribers as of July 3.</p>\n<p>Streaming giant&nbsp;<b>Netflix&nbsp;Inc</b>&nbsp;had 209 million subscribers at the end of the second quarter.<b>Amazon.com,&nbsp;Inc.</b>&nbsp;<b>Prime</b>&nbsp;subscriptions, which also include access to the e-commerce giant's Prime Video streaming service, hit 200 million globally in April.</p>\n<p>Apple has priced its Apple TV+ competitively to the established players in the industry. An Apple TV+ subscription comes free of cost for seven&nbsp;days and then goes up to&nbsp;$4.99 per month. Alternatively, a subscriber buying an eligible Apple device gets three&nbsp;months of free viewing.</p>\n<p>Netflix's basic plan is priced at $8.99 per month and Disney Plus comes for $7.99 a month, or $79.99 for a year's service.</p>\n<p>As Apple trails the rest in the streaming industry, the speculated moves make sense in order for Cupertino to stay alive and thriving.</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>Apple Charts Big Plans For Apple TV+, Including Taking On Netflix, Disney+ and Amazon Prime</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\">\nApple Charts Big Plans For Apple TV+, Including Taking On Netflix, Disney+ and Amazon Prime\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\">2021-09-11 09:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Apple&nbsp;Inc</b>, which possesses disruptive potential in any sector it moves&nbsp;into, is making a big push into the streaming sector.</p>\n<p>Apple plans to increase the number of new TV shows and movies to at least one a week on its Apple TV+ streaming service, the Information reported, citing people familiar with the matter.</p>\n<p>The company is also reportedly planning to increase its marketing spend on Apple TV+ to more than&nbsp;$500 million in 2021.</p>\n<p>Apple is planning to set aside some of the budget to bring a dedicated Apple TV+ button to remotes from other manufacturers, similar to its arrangement with&nbsp;<b>Roku, Inc.</b>, the report said.</p>\n<p>Cupertino launched&nbsp;Apple TV+,an ad-free subscription video-on-demand streaming service,&nbsp;in November&nbsp;2019. The content of the service can be viewed through the company's website as well as through the Apple TV+ app.</p>\n<p>Apple TV+ subscriptions at the end of 2020 were around 40 million, the report said. About half of them were paying subscribers, while the others were on some sort of free trials, the report added.</p>\n<p>The company had also considered introducing a low-cost Apple TV+&nbsp; hardware dongle accessory but had eventually decided against it.</p>\n<p><b>Why It's Important:</b>Apple's competitive positioning in streaming is not very attractive.</p>\n<p><b>Walt Disney Co.'s</b>,which was launched around the same time as Apple&nbsp;TV+, had about 116 million subscribers as of July 3.</p>\n<p>Streaming giant&nbsp;<b>Netflix&nbsp;Inc</b>&nbsp;had 209 million subscribers at the end of the second quarter.<b>Amazon.com,&nbsp;Inc.</b>&nbsp;<b>Prime</b>&nbsp;subscriptions, which also include access to the e-commerce giant's Prime Video streaming service, hit 200 million globally in April.</p>\n<p>Apple has priced its Apple TV+ competitively to the established players in the industry. An Apple TV+ subscription comes free of cost for seven&nbsp;days and then goes up to&nbsp;$4.99 per month. Alternatively, a subscriber buying an eligible Apple device gets three&nbsp;months of free viewing.</p>\n<p>Netflix's basic plan is priced at $8.99 per month and Disney Plus comes for $7.99 a month, or $79.99 for a year's service.</p>\n<p>As Apple trails the rest in the streaming industry, the speculated moves make sense in order for Cupertino to stay alive and thriving.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151643560","content_text":"Apple Inc, which possesses disruptive potential in any sector it moves into, is making a big push into the streaming sector.\nApple plans to increase the number of new TV shows and movies to at least one a week on its Apple TV+ streaming service, the Information reported, citing people familiar with the matter.\nThe company is also reportedly planning to increase its marketing spend on Apple TV+ to more than $500 million in 2021.\nApple is planning to set aside some of the budget to bring a dedicated Apple TV+ button to remotes from other manufacturers, similar to its arrangement with Roku, Inc., the report said.\nCupertino launched Apple TV+,an ad-free subscription video-on-demand streaming service, in November 2019. The content of the service can be viewed through the company's website as well as through the Apple TV+ app.\nApple TV+ subscriptions at the end of 2020 were around 40 million, the report said. About half of them were paying subscribers, while the others were on some sort of free trials, the report added.\nThe company had also considered introducing a low-cost Apple TV+  hardware dongle accessory but had eventually decided against it.\nWhy It's Important:Apple's competitive positioning in streaming is not very attractive.\nWalt Disney Co.'s,which was launched around the same time as Apple TV+, had about 116 million subscribers as of July 3.\nStreaming giant Netflix Inc had 209 million subscribers at the end of the second quarter.Amazon.com, Inc. Prime subscriptions, which also include access to the e-commerce giant's Prime Video streaming service, hit 200 million globally in April.\nApple has priced its Apple TV+ competitively to the established players in the industry. An Apple TV+ subscription comes free of cost for seven days and then goes up to $4.99 per month. Alternatively, a subscriber buying an eligible Apple device gets three months of free viewing.\nNetflix's basic plan is priced at $8.99 per month and Disney Plus comes for $7.99 a month, or $79.99 for a year's service.\nAs Apple trails the rest in the streaming industry, the speculated moves make sense in order for Cupertino to stay alive and thriving.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1564,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881673447,"gmtCreate":1631335921289,"gmtModify":1631891106705,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/881673447","repostId":"2166711943","repostType":4,"isVote":1,"tweetType":1,"viewCount":2191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883669904,"gmtCreate":1631238254008,"gmtModify":1631891106715,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Tiger up up up pls","listText":"Tiger up up up pls","text":"Tiger up up up pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883669904","repostId":"2166426123","repostType":4,"isVote":1,"tweetType":1,"viewCount":1195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883687776,"gmtCreate":1631238191495,"gmtModify":1631891106727,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"[笑哭]&nbsp;","listText":"[笑哭]&nbsp;","text":"[笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/883687776","repostId":"2166344336","repostType":4,"repost":{"id":"2166344336","kind":"highlight","pubTimestamp":1631236802,"share":"https://www.laohu8.com/m/news/2166344336?lang=&edition=full","pubTime":"2021-09-10 09:20","market":"us","language":"en","title":"With inflation mentions 'skyrocketing' on earnings calls, stock investors favored these three sectors, says BofA","url":"https://stock-news.laohu8.com/highlight/detail?id=2166344336","media":"MarketWatch","summary":"BofA clients were net sellers of U.S. stocks last week for the first time in three weeks\nEquity inve","content":"<p>BofA clients were net sellers of U.S. stocks last week for the first time in three weeks</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09ea1bd398bacb5bc75531009d0c7a96\" tg-width=\"700\" tg-height=\"463\" referrerpolicy=\"no-referrer\"><span>Equity investors have moved capital into the real-estate sector amid concern over inflation, BofA finds</span></p>\n<p>Investors have favored three sectors since companies began reporting in July the results of their earnings for the second quarter, moving capital into areas poised to benefit from higher inflation, according to BofA Global Research.</p>\n<p>\"Amid skyrocketing mentions of inflation on earnings calls,\" BofA Global Research strategists said in a report this week that \"clients have been buyers of equities in just three sectors: energy, materials and real estate.\"</p>\n<p>The strategists tracked BofA client capital flowing into and out of exchange-traded funds and single stocks, finding total inflows in few of the S&amp;P 500's 11 sectors. Energy attracted the most inflows, while technology saw the biggest outflows as clients bailed on single stocks during second-quarter earnings season, according to a chart in their Wednesday night report.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0cf45897e17e78a87cd137af32e93721\" tg-width=\"700\" tg-height=\"339\" referrerpolicy=\"no-referrer\"><span>BOFA GLOBAL RESEARCH REPORT DATED SEPT. 8</span></p>\n<p>\"Energy and financials saw the biggest inflows last week, though the latter was entirely driven by buybacks,\" the BofA strategists said in the report. Excluding buybacks, they said that energy and real estate led.</p>\n<p>The energy sector of the S&amp;P 500 index is down about 12% this quarter, according to FactSet data Thursday afternoon. In contrast, real estate has jumped almost 8% since the end of June, while the materials sector had advanced almost 2% in the third quarter, the data show.</p>\n<p>Meanwhile, the S&amp;P 500 index , which is up almost 5% this quarter, was edging lower Thursday afternoon. The index has slipped in the last three days of trading, including Friday before Labor Day weekend.</p>\n<p>BofA clients, including hedge funds, institutional and retail, were net sellers of U.S. equities last week for the first time in three weeks, according to the report. The net selling was led by outflows from single stocks while passive investing remained \"in vogue,\" the strategists said.</p>\n<p>\"Clients continued to buy ETFs last week despite outflows from single stocks, with flows into both equity and fixed income ETFs,\" they wrote. They've \"still been big cumulative buyers of ETFs\" this year.</p>\n<p>The three sectors of the S&amp;P 500 favored by investors as inflation mentions spiked during earnings season for the second quarter have put up big returns in 2021.</p>\n<p><a href=\"https://laohu8.com/S/XLRE\">The Real Estate Select Sector SPDR Fund</a> (XLRE) has soared nearly 31% this year, while the Energy Select Sector SPDR Fund XLE has risen about 26%, according to FactSet data, at last check. The Materials Select Sector SPDR Fund is up about 16%.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>With inflation mentions 'skyrocketing' on earnings calls, stock investors favored these three sectors, says BofA</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWith inflation mentions 'skyrocketing' on earnings calls, stock investors favored these three sectors, says BofA\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-10 09:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/with-inflation-mentions-skyrocketing-on-earnings-calls-stock-investors-favored-these-three-sectors-says-bofa-11631212591?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BofA clients were net sellers of U.S. stocks last week for the first time in three weeks\nEquity investors have moved capital into the real-estate sector amid concern over inflation, BofA finds\n...</p>\n\n<a href=\"https://www.marketwatch.com/story/with-inflation-mentions-skyrocketing-on-earnings-calls-stock-investors-favored-these-three-sectors-says-bofa-11631212591?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".SPX":"S&P 500 Index","SH":"标普500反向ETF","OEX":"标普100","UPRO":"三倍做多标普500ETF","OEF":"标普100指数ETF-iShares","IVV":"标普500指数ETF",".DJI":"道琼斯","SDS":"两倍做空标普500ETF","SPXU":"三倍做空标普500ETF",".IXIC":"NASDAQ Composite","SSO":"两倍做多标普500ETF"},"source_url":"https://www.marketwatch.com/story/with-inflation-mentions-skyrocketing-on-earnings-calls-stock-investors-favored-these-three-sectors-says-bofa-11631212591?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2166344336","content_text":"BofA clients were net sellers of U.S. stocks last week for the first time in three weeks\nEquity investors have moved capital into the real-estate sector amid concern over inflation, BofA finds\nInvestors have favored three sectors since companies began reporting in July the results of their earnings for the second quarter, moving capital into areas poised to benefit from higher inflation, according to BofA Global Research.\n\"Amid skyrocketing mentions of inflation on earnings calls,\" BofA Global Research strategists said in a report this week that \"clients have been buyers of equities in just three sectors: energy, materials and real estate.\"\nThe strategists tracked BofA client capital flowing into and out of exchange-traded funds and single stocks, finding total inflows in few of the S&P 500's 11 sectors. Energy attracted the most inflows, while technology saw the biggest outflows as clients bailed on single stocks during second-quarter earnings season, according to a chart in their Wednesday night report.\nBOFA GLOBAL RESEARCH REPORT DATED SEPT. 8\n\"Energy and financials saw the biggest inflows last week, though the latter was entirely driven by buybacks,\" the BofA strategists said in the report. Excluding buybacks, they said that energy and real estate led.\nThe energy sector of the S&P 500 index is down about 12% this quarter, according to FactSet data Thursday afternoon. In contrast, real estate has jumped almost 8% since the end of June, while the materials sector had advanced almost 2% in the third quarter, the data show.\nMeanwhile, the S&P 500 index , which is up almost 5% this quarter, was edging lower Thursday afternoon. The index has slipped in the last three days of trading, including Friday before Labor Day weekend.\nBofA clients, including hedge funds, institutional and retail, were net sellers of U.S. equities last week for the first time in three weeks, according to the report. The net selling was led by outflows from single stocks while passive investing remained \"in vogue,\" the strategists said.\n\"Clients continued to buy ETFs last week despite outflows from single stocks, with flows into both equity and fixed income ETFs,\" they wrote. They've \"still been big cumulative buyers of ETFs\" this year.\nThe three sectors of the S&P 500 favored by investors as inflation mentions spiked during earnings season for the second quarter have put up big returns in 2021.\nThe Real Estate Select Sector SPDR Fund (XLRE) has soared nearly 31% this year, while the Energy Select Sector SPDR Fund XLE has risen about 26%, according to FactSet data, at last check. The Materials Select Sector SPDR Fund is up about 16%.","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".DJI":0.9,".IXIC":0.9,".SPX":0.9,"ESmain":0.9,"IVV":0.9,"OEF":0.9,"OEX":0.9,"SDS":0.9,"SH":0.9,"SPXU":0.9,"SSO":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":2102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":880474382,"gmtCreate":1631077269746,"gmtModify":1631891106741,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Really","listText":"Really","text":"Really","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/880474382","repostId":"1120889633","repostType":4,"repost":{"id":"1120889633","kind":"news","pubTimestamp":1631068652,"share":"https://www.laohu8.com/m/news/1120889633?lang=&edition=full","pubTime":"2021-09-08 10:37","market":"us","language":"en","title":"Is Sea Limited Stock A Good Buy For The Long-Term?","url":"https://stock-news.laohu8.com/highlight/detail?id=1120889633","media":"Seeking Alpha","summary":"Summary\n\nSea Limited is a very high-quality growth stock that surprisingly receives less attention t","content":"<p><b>Summary</b></p>\n<ul>\n <li>Sea Limited is a very high-quality growth stock that surprisingly receives less attention than Alibaba, MercadoLibre, and Amazon, even though it has outperformed all of them, hands down.</li>\n <li>We help investors understand the key metrics in a useful analytical framework to evaluate Sea Limited's growth opportunities and whether it is worthy of a long-term position.</li>\n <li>Lastly, we present our valuation argument to help our readers to decide whether they should add Sea Limited stock right now.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6050b357f1df083177d9ed6c9d848071\" tg-width=\"1536\" tg-height=\"1163\" width=\"100%\" height=\"auto\"><span>nuttapong/iStock Editorial via Getty Images</span></p>\n<p><b>Investment Thesis</b></p>\n<p>Sea Limited(NYSE:SE)is one of our core holdings in our growth portfolio and one that we have taken the opportunity to add on major dips in the uptrend over the last year as the stock's incredible momentum saw it easily outperforming its e-commerce peers and mobile gaming peers.</p>\n<p>For growth investors, Sea's incredible growth trajectory has been truly phenomenal, coupled with it being free of Beijing's oversights that saw its Chinese peers fall like dominoes, stunning even institutional investors with the pace of the government's \"rectification\" adjustments.</p>\n<p>Sea's ascent has also been somewhat of a conundrum for value investors, as they don't get how an unprofitable company can be trading at such sky-high valuations without consequences.</p>\n<p>Therefore, to answer whether Sea Limited stock is a good long-term buy for investors, we will show our readers how to apply the appropriate analytical framework and valuation treatment to the company, based on its performance and its projections moving forward, so that investors can make meaningful decisions on whether they think Sea Limited is a worthy long-term addition to their portfolio now.</p>\n<p>For investors who are new to Sea Limited, we have recently written several articles on the company, which you can refer to them as a preamble.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0396874197381d0fc087a864425a26d9\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>Sea &amp; Peers' stock YTD performance (as of 3 Sep 21)</span></p>\n<p>This year, Sea has been one of our portfolio's leading performers as the stock raced to an 83% YTD lead that easily outperformed all its peers and SPDR S&amp;P 500 ETF(NYSEARCA:SPY). This performance is even more incredible because it came off an outstanding 2020, where it also outperformed with a 392% return.</p>\n<p>While the rest of its American and Chinese peers often received more coverage than this Singapore-headquartered company, it has been Sea which has been quietly delivering. It has been executing, expanding its Garena gaming ecosystem, and reaching new milestones. It's been scaling its e-commerce footprint to LatAm and demonstrating to Amazon(NASDAQ:AMZN)&nbsp;that they are not experiencing any reopening headwinds. This is in contrast to what&nbsp;Amazon indicated&nbsp;in its recent earnings. The company is also growing its Sea Money footprint, especially through the Shopee/Shopee Pay flywheel, as the company stakes its FinTech leadership ambitions against Southeast Asia's FinTech leader Grab(NASDAQ:AGC).</p>\n<p>As a result of Sea Limited's incredible success, the group's China-born CEO&nbsp;Forrest Li&nbsp;is also now Singapore's richest man with a net worth of $20.3B.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1620f0a51f5f3cdb4a59c482df5ec1f1\" tg-width=\"380\" tg-height=\"236\" width=\"100%\" height=\"auto\"><span>SE quant rating (momentum). Source: Seeking Alpha Premium</span></p>\n<p>We have always reminded investors that Sea stock is one that you should never bet against even if you are bearish on its long-term prognosis. The stock has made one of the strongest upside moves we have seen for stocks in our growth portfolio. This is also corroborated by Seeking Alpha's proprietary quant momentum rating, giving it the best possible A+ grade on its most recent performance.</p>\n<p>Given the company and the stock's stupendous performances so far, we think it's only apt that investors ask whether SE's future optimism has been largely priced in, which is especially important for new investors who have yet to add its stock, where we will highlight the analytical framework on how investors can use to consider the company's prospects moving forward.</p>\n<p><b>Monitor Its Revenue Growth Closely</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e796ddaf599085b7ad02d64a84dd3b87\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Sea Limited quarterly revenue. Data source: S&amp;P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f6ddcbf7578338f88c00c9432ab58f23\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Sea Limited quarterly revenue YoY growth. Data source: S&amp;P Capital IQ</span></p>\n<p>Sea Limited impressed with another awesome quarter of topline growth as total revenue grew 159% YoY on revenue of $2.28B. Its QoQ performance was also remarkable with a 29% QoQ growth, as the company shows that its gangbusters growth knows \"no limit.\"</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60c7db30aeda80ea916ef8aa2816c93e\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Sea Limited GAAP quarterly operating margins. Data source: S&amp;P Capital IQ</span></p>\n<p>For companies like Sea, whose strategy is still focused very much on topline growth and building scale efficiencies in the process, we should not be too concerned with its negative operating margins, as long as the company clearly demonstrated that it could grow rapidly like in Sea's case, and also achieve economies of scale through ramping revenue as it seeks out its \"blue oceans.\" We also articulated this point in a recent article on Snowflake(NYSE:SNOW), which operates in a huge market with a massive opportunity to expand, and the firm has shown that it can execute its strategies very well to capture those revenue opportunities&nbsp;despite having negative operating margins right now.</p>\n<p>Therefore, Sea Limited has certainly struck the right notes here, and we see no cause for concern so far. What matters for investors now is whether the company is still expected to grow this rapidly moving forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5f1bb9296424b15e07d5536227010fd4\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Sea Limited revenue mean consensus estimates. Data source: S&amp;P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5efed61b23216e709291326ae9eac3b\" tg-width=\"640\" tg-height=\"291\" width=\"100%\" height=\"auto\"><span>Sea Limited consensus revenue estimates revision trend. Source: Seeking Alpha Premium</span></p>\n<p>Readers should easily glean that the Street upgraded revenue forecasts for the company after Q2's earnings release from what they projected post Q1 earnings. For example, revenue projection for FY21 has been increased by 11.5% to reflect the improved guidance from the company. Even though projections for FY24 to FY25 look rather tepid, readers should note that only three analysts covered the FY24 projections, while only two covered for FY25, compared to the 18-21 analysts who covered FY21 to FY23 numbers. As a result, we will also focus our discussion up to FY23 numbers to keep them meaningful.</p>\n<p>The expected revenue CAGR from FY20 to FY23 is 59.1%, while it reads 40.1% from FY21 to FY23. Therefore, the market is still expecting Sea Limited to deliver remarkable topline growth rates moving forward.At the same time, we are cautiously optimistic about Sea Limited's future, under the skillful stewardship of Group CEO Forrest Li and his management team. The team includes his two very competent business unit chiefs&nbsp;Chris Feng&nbsp;and Terry Zhao. Feng was born in China and leads Shopee and Sea Money. He is a Stanford alumnus like Li and he was recruited from Lazada(NYSE:BABA)by Li in 2014. Feng is said to be a “very, very smart and very, very confident” person who “reacts quickly and has excellent abilities of recall.” Zhao is the president of Garena. Li has kept Zhao by his side since the company's inception. Li is unlike Alibaba's Jack Ma and prefers to keep a&nbsp;modest&nbsp;profile. Still, his team's execution has been nothing short of outstanding, and we see no reason to think otherwise moving forward for this founder-led company.</p>\n<p><b>Keep a Close Watch on Shopee's Adj. EBITDA</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/070f4ed8c5f05a52744d9e20681865ce\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Quarterly Adj. EBITDA. Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a03828e68bf8d41a26be65d7ac633670\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Quarterly Adj. EBITDA by segments. Data source: Company filings</span></p>\n<p>Of particular concern, though, is that the company's Adj. EBITDA turned negative for the first time since Q2'20 as the increase in Adj. EBITDA losses from Shopee were greater than what Garena could cover in Q2'21. Investors should be able to glean from the second chart where it shows that Shopee's Adj. EBITDA losses increased to $679.77M in Q2'21, representing a 64.8% QoQ increase, while Garena's Adj. EBITDA only managed a 3.3% QoQ increase in Q2'21.</p>\n<p>Despite this observation, the company highlighted that its Malaysia market had turned Adj. EBITDA profitable, joining its Taiwan market. Therefore, we believe the huge increase in burn rate for Shopee is likely in its largest markets by gross merchandise value (GMV), such as Indonesia and Thailand. The company also alluded to this in its earnings call as it emphasized:</p>\n<blockquote>\n And in terms of sales and marketing&nbsp;and related to competitive dynamics, I think we are -- again, as we discussed it before, given our strong market leadership, we're in a good position now that our sales and marketing is more driven by our view about the efficiency of investment into various markets at various points of time, for example, any shopping event season, any particular opportunities to promote the brand, et cetera...\n <i>And in terms of the cash burn...as we look at the market opportunities, the timing of the market, for example, in Q2, we have Ramadan season in our several largest markets including Indonesia.</i>And this is a time where investment into the growth and to promote e-commerce adoption is very efficient. We have increased our buy frequency overall to more than 6x a month.\n <i>And in Indonesia, it has exceeded 7x per month, which we believe is very healthy for a marketplace platform.</i>\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3151acc225456e4078f859b16c1cb114\" tg-width=\"640\" tg-height=\"357\" width=\"100%\" height=\"auto\"><span>Shopee Indonesia 76th Independence Day poster (Shopee ada untuk Indonesia: Shopee is for Indonesia). Source: Shopee Indonesia LinkedIn</span></p>\n<p>Now, we emphasized Ramadan (which is not exclusive to Indonesia per se) because it's a massive annual event in Indonesia. We had a sojourn in Jakarta, Indonesia, for a year, and we can tell you it's one of the most important highlights in Indonesia's annual calendar. Therefore, we cannot further underscore the opportunities to boost sales during this important event. It shows that Shopee's management clearly understands its most important market very well, and Shopee also aligned its progress with Indonesia's progress as the country celebrated its 76th Independence Day on 17 Aug 21, as Shopee Indonesia reminded Indonesians that<i>\"Shopee is for Indonesia.\"</i></p>\n<p>Shopee Indonesia has quickly moved onto its next big 9.9 shopping event, and this time around, they recruited well-known Indonesian actor and martial artist Joe Taslim, who starred in the recent Mortal Kombat film as Sub-Zero. For readers familiar with Shopee's advertising strategy, the company often stars well-known local artists in its promotional campaigns. The ads are often quirky and dramatic, which helps capture the users' attention very easily and is often memorable. This recipe has served Shopee very well, and somehow its keen regional competitors such as Lazada and Tokopedia have found it difficult to emulate. We encourage investors and readers to continue keeping a close watch on Shopee's most important market moving forward.</p>\n<p>Therefore, while observing quarterly Adj. EBITDA moving back into negative territory wasn't exactly a welcome development; we need to consider the context. In Shopee's case, it was certainly an opportunity that they needed to undertake to take full advantage of the opportunity to boost sales during the important Ramadan festival which is mainly celebrated in Indonesia, Malaysia, and Singapore. Therefore, we wouldn't be too concerned over a quarter's development and start to be worried, but instead, we should continue to monitor Shopee's Adj. EBITDA's development over the next few quarters, and give the company some space to execute its e-commerce strategies.</p>\n<p><b>Watch for Advertising's Share of Revenue</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aad9a6a626381510c8e2399b70a4d7ea\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Shopee Adj. EBITDA per order. Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/72fa0e85e8eb2ba3d4eb65c68e2f68f3\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Shopee quarterly take rate. Data source: Company filings</span></p>\n<p>As a result of Shoppe's increased Adj. EBITDA losses due to its heavier burn rate for Q2'21, we observed Shopee's Adj. EBITDA loss per order regressed to $0.41, from $0.38 in Q1'21. However, readers should note that this only represented a 7.9% QoQ increase, which is certainly much lower than the 64.8% QoQ increase in total Adj. EBITDA losses. This clearly shows that Shopee is benefiting from greater scale efficiencies, despite the larger burn rate due to the heavier investments in the quarter. In addition, the Adj. EBITDA loss per order was also not \"that bad,\" as it was still in line with Q4'20's metric. Moreover, we have certainly seen worse days, and this was nothing spectacular.</p>\n<p>Importantly, we noticed a marked and consistent improvement in Shopee's take rate for Q2'21 as it improved to 6.7% compared to 6.1% in Q1'21. Sea Limited was very clear on its earnings call where this improvement was mainly attributed to as it emphasized: \"This deepening monetization was driven mainly by<i>growing merchant investments in marketing and advertisement on the Shopee platform</i>to attract better and serve buyers.\"</p>\n<p>We think this is a critical development in Shopee's progress as it continues to scale rapidly. For example, in our recent Amazon article, we showed just how massive the advertising opportunity is for the company as it's now Amazon's fastest-growing revenue driver, and 90% of its ad revenue is centered on its e-commerce marketplace.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b0d892ee4f3fa12a1d7c862ecf56cf3b\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Shopee quarterly sales &amp; marketing (S&amp;M) margin. Data source: Company filings</span></p>\n<p>Therefore, even though we saw a marked increase in Shopee's S&amp;M margin from 49% in Q1'21 to 56.2% in Q2'21 (14.7% QoQ increase), we encourage investors to consider the company's overall Adj. EBITDA per order, which shows that the company has tremendous leverage to engage in aggressive marketing activities through better monetization in Shopee's platform.</p>\n<p><b>Garena's Bookings Growth Seems to Be Slowing Down</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f1b13b4908d9a6b7a2ebd889cf4fc198\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Garena bookings. Data source: Company filings</span></p>\n<p>The company reported a fantastic quarter for Garena again as it topped several charts. Sea highlighted that Garena's Free Fire continues to maintain incredible momentum in Southeast Asia, LatAm, and India as the highest-grossing game. In the US, Free Fire was \"ranked the highest-grossing mobile battle royale game for the past two quarters based on App Annie. Additionally, Free Fire was the second highest-grossing mobile game in the U.S. on Google Play across all games categories in the second quarter as well.\"</p>\n<p>While this is certainly impressive, we prefer to look at the global perspective on how Free Fire has performed against its peers. According to&nbsp;Sensor Tower&nbsp;data for H1'21, while Free Fire is the #2 top gross gaming app behind Moon Active's Coin Master on Google Play, it ranked only #8 in overall revenue when we included the App Store's top-grossing gaming apps such as Tencent's(OTCPK:TCEHY)Honor of Kings (#1 overall) and PUBG Mobile battle-royale game (#2 overall), and also Roblox (#4 overall)(NYSE:RBLX). Therefore, while Free Fire has been doing well in markets where the Android operating system (OS) is dominant, it hasn't performed quite as well in North America, where iOS is the leading OS (as we showed in our Digital Turbine(NASDAQ:APPS)article appendedhere). The US is the largest and the most important mobile gaming market, as it accounted for28%of the mobile gaming market share in 2020. Garena has never been a strong performer on iOS, and if the company can improve its performance in the App Store, the boost could be tremendous to Garena.</p>\n<p>While the company's bookings for Q2'21 remain strong as it posted a QoQ increase of 9.1% to $1.2B from $1.1B in Q1'21, the company only raised the guidance from $4.5B to $4.7B in bookings for FY21. When we consider H1'21's collective bookings of $2.3B, the company is therefore expecting H2'21 bookings to come in at $2.3B, which means they aren't expecting any material growth in bookings for the rest of the year as compared to H1'21. This was also picked up by one of the analysts on the conference call, and Group Chief Corporate Officer Yanjun Wang reminded:</p>\n<blockquote>\n We believe the overall guidance showed a more than 40% year-on-year growth compared to last year, which is also a record year for us with the commencement of lockdown. And I think this is a very strong performance already. And our focus, as you can tell from game and the metrics we have indicated as well as our views in terms of how to grow our gaming platform,\n <i>is to continue to first and foremost to grow our user base and also pay user base</i>across the various markets in the world as we continue to see strong potential growth. (from Q2'21 earnings call)\n</blockquote>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e708cd17fe0c5aaf6c51772d63f48fd\" tg-width=\"640\" tg-height=\"395\" width=\"100%\" height=\"auto\"><span>Quarter paying users (QPU) / Quarterly active users (QAU). Data source: Company filings</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5f5b4c4cef797d04f34591d7cb7ea08\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Average Booking Per User (ABPU) and Average Booking Per Paying User (ABPPU)). Data source: Company filings</span></p>\n<p>The company's bookings trends can certainly be observed on a per-user or per paying user basis. The ABPPU has certainly been trending down, which reflects a drop in monetization per paying user, which is important as paying users are the ones that generate revenue for Garena. However, we didn't really observe a meaningful drop in the ABPU trend, despite the drop in ABPPU. This shows that even though there is \"less meat\" per paying user, newly minted paying users have been supporting the bookings, which we can certainly observe from the first chart where the QPU / QAU ratio has been consistently increasing, indicating that Garena has been getting better at converting and monetizing its huge non-paying users base. We think this is of huge significance when we consider that only 12.7% of users are paying users as of Q2'21, leaving the company massive opportunities to continue \"working its magic\" on monetizing the non-paying users. On this matter, Sea Limited was unabashed as it emphasized: \"...Our past track record has shown that we're generally good at commercialization in even markets that are known to be difficult for commercialization. So we don't really worry about not being able to commercialize the content down the road. But our focus continues to be growing the user base and making this an even larger platform that allows us to really tap on into it to build a stronger game ecosystem with very strong social elements in it.\"</p>\n<p><b>Building up eSports as a Social Platform</b></p>\n<p>We shared in our previous deep dive on Garena (link to the article is appendedhere), where Garena's ambitions are beyond just a mobile gaming app. The company has huge ambitions, and they have already been using eSports as the basis to build the community for its gamers and developing it into a social platform that perhaps is similar to what Roblox has advanced. Garena has already highlighted previously its ambitions on building this cohesive and broad social community as it emphasized:</p>\n<blockquote>\n <i>...developingit into a social platform</i>where people not only come to play the core gameplay, but also enjoy other modes: hangout, listen to music, social lives… So our focus is to continue to promote a massive-based online platform and online community and provide them with content and opportunities for socializing engagement, try out different modes of games, try out different characters, avatars or having different ways of playing.\n</blockquote>\n<p>The revenue in global eSports is not that significant as it's only expected to reach $1.62B by 2024, as we highlighted in our Garena article. Still, the whole strategic intent is to build the all-encompassing social platform that will drive incredible engagement, platform stickiness beyond what a typical gaming app can do. Importantly, the company is also headquartered in Singapore, where the Singapore government is focused on building the global hub for eSports, as Southeast Asia is expected to be the fastest-growing region for eSports, and the city-state recently opened a huge 12,000-sqft eSports experience center, as the Singapore Tourism Board emphasized:</p>\n<blockquote>\n Our world-class events&nbsp;and digital infrastructure have also made Singapore an attractive location for the industry to hold gaming and e-sports events here. The government will continue to support companies as they push boundaries through experimenting with new and immersive content formats and business models, as well as level up the quality of our local talent to become leading creators of world-class content.\n</blockquote>\n<p>Garena also recently brought in \"globally renowned DJs&nbsp;Dimitri Vegas &amp; Like Mike, Alok, and KSHMR for Free Fire’s 4th-anniversary theme song, ‘Reunion,’\" following successful strategies adopted by Roblox in its metaverse development, and we think Garena is really still very early in its opportunity to develop its own metaverse.</p>\n<p><b>Sea Limited Stakes Its Claim On MercadoLibre's LatAm Leadership</b></p>\n<p>Without a doubt, the one that generates the most interest is the company's foray into LatAm, which Sea Limited recently updated that it has seen tremendous progress. We did a deep dive recently on this topic, and we encourage you to refer to our articlehere. While we think MercadoLibre(NASDAQ:MELI)is the undisputed e-commerce and FinTech leader in LatAm, especially in LatAm's most important market: Brazil, Shopee's progress has been truly remarkable as it's now the #2 ranked e-commerce app in downloads in Brazil according to App Annie. However, although Shopee is surely making meaningful headway in Brazil, MELI is a different competitor than Tokopedia and Lazada. MELI understands LatAm's e-commerce space comprehensively and has a very impressive logistics and fulfillment network that is second to none in LatAm's notoriously challenging logistics infrastructure. Sea Limited also noted this, but the company thinks that it will be able to overcome these difficulties as it continues to invest in LatAm, which will help these third-party logistics providers to improve their efficiencies and competencies over time and close the gap with MELI as SE emphasized:</p>\n<blockquote>\n ...There hasn't been a lot of volume or traffic broadly generated across different platforms, then probably there is also a lack of initial growth opportunity for logistics. But on the one hand, we are also hopeful that with the growing e-commerce scene in the region and more focus of our global investors into the growth opportunities in the region, we may also see similar trends in those markets. And this is hopefully some contribution we can make to the market in terms of bringing more opportunities, bringing more digitization as well as e-commerce ecosystem that helps not just growth of Shopee but also growth of the surrounding services, including 3PLs within the region. And we've been partnering with 3PLs in our region very successfully in growing the e-commerce ecosystem. And at the same time, these third-party partners also enjoy the very strong growth on their end as well and the close partnership with Shopee. We are very happy to continue to adopt that model going forward in Brazil or the new markets as well. (from Q2'21 earnings call)\n</blockquote>\n<p>We have indeed seen this great partnership between Shopee and its logistics partners in Southeast Asia, so much so that one of its key logistics partners in Indonesia:J&amp;T Express, is on track for its own IPO either in Hong Kong or the US. Therefore, while MELI certainly has the important lead in logistics right now, we believe it's only a matter of time the logistics infrastructure in LatAm improves with Shopee's involvement if it is willing to adopt the aggressiveness of its approach with Southeast Asia.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4b58c9691ecea1beaa8e7bbec9861713\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>MELI Commerce Take Rate. Data source: Company filings</span></p>\n<p>If we consider MELI's commerce take rate as compared to Shopee's take rate, readers can easily observe the incredible monetization opportunities that are available in LatAm, and we can easily understand why Sea Limited is so keen to carve out MercadoLibre's leadership there because it's just so attractive. We think as Sea Limited gets more aggressive in its marketing in LatAm, MercadoLibre will start to feel the pressure to rein in its lucrative take rate to compete with Shopee's aggressive marketing tactics.</p>\n<p>Shopee has engaged international film star Jackie Chan for its global 9.9 campaign, and its Brazilian version (see above) has received even more views (3.3M) than some of its Asian counterparts that we last surveyed: Indonesia (1.2M views) and Singapore (1.6M views). We think Shopee has the potential to inflict huge damage to MELI's highly lucrative take rate as its Southeast Asian operations have achieved significant scale, and we think they are ready to take on LatAm's e-commerce leader with confidence. Readers should note that Shopee's e-commerce operations are way larger than MELI as Shopee boasts an LTM GMV of $48.8B as compared to MELI LTM GMV of $25.6B.</p>\n<p><b>Valuations Are Never Going to be Cheap</b></p>\n<p>We used a blended comps valuation comprising its EV/Fwd Rev multiples and its EV/Fwd EBITDA multiples using the following companies in the comps set: Amazon, Tencent, Roblox, MercadoLibre, and Square(NYSE:SQ).</p>\n<p>Using an aggressive valuation approach based on FY23 consensus estimates of EBITDA and Revenue, we arrived at an implied fair value of about $336.19 (mid-point) under the EBITDA multiples approach and $352.62 (mid-point) under the Revenue approach. Averaging out those fair values will give us a blended fair value of $344.41, which indicates a potential downside of about 2.5% from its last closing price of $353.36.</p>\n<p>Readers should also note that we have used an aggressive approach and have not considered a reasonable margin of safety. So, in essence, SE stock looks expensive right now, even though we don't expect it to be cheap for a high-quality growth stock like Sea Limited.</p>\n<p><b>SE Stock Price Action and Trend Analysis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cd66ba3ffcdaf31167f72ad7ac24d34c\" tg-width=\"640\" tg-height=\"420\" width=\"100%\" height=\"auto\"><span>SE stock price action (weekly).</span></p>\n<p>The rapid ascent of SE stock has left price action investors with little opportunities to add more exposure. However, we have still taken the opportunities in May to add more exposure to our portfolio and haven't added anymore since.</p>\n<p>While we have not witnessed any indication of a momentum shift in SE stock, we seriously don't think we will even consider adding exposure at this price level, as our aggressive valuation approach has shown us that quite a bit of the optimism has already been priced in. The stock is also starting to show flashes of flush-up price action that are indicative of potential bull-trap scenarios. While the price action has not been resolved yet, we are still monitoring for opportunities to perhaps enter cash-secured puts at more reasonable strike prices relative to the expected premium collected to try and take advantage of SE stock's incredible momentum.</p>\n<p>Hence, we hope that we have demonstrated in our earlier sections that Sea Limited is definitely in the early innings of its market opportunity. Still, the level of optimism in the stock will need some leveling off first so that long-term investors can add exposure at a more reasonable price level.</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>Is Sea Limited Stock A Good Buy For The Long-Term?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Sea Limited Stock A Good Buy For The Long-Term?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 10:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4453936-sea-limited-stock-good-buy-long-term><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSea Limited is a very high-quality growth stock that surprisingly receives less attention than Alibaba, MercadoLibre, and Amazon, even though it has outperformed all of them, hands down.\nWe ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453936-sea-limited-stock-good-buy-long-term\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4453936-sea-limited-stock-good-buy-long-term","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120889633","content_text":"Summary\n\nSea Limited is a very high-quality growth stock that surprisingly receives less attention than Alibaba, MercadoLibre, and Amazon, even though it has outperformed all of them, hands down.\nWe help investors understand the key metrics in a useful analytical framework to evaluate Sea Limited's growth opportunities and whether it is worthy of a long-term position.\nLastly, we present our valuation argument to help our readers to decide whether they should add Sea Limited stock right now.\n\nnuttapong/iStock Editorial via Getty Images\nInvestment Thesis\nSea Limited(NYSE:SE)is one of our core holdings in our growth portfolio and one that we have taken the opportunity to add on major dips in the uptrend over the last year as the stock's incredible momentum saw it easily outperforming its e-commerce peers and mobile gaming peers.\nFor growth investors, Sea's incredible growth trajectory has been truly phenomenal, coupled with it being free of Beijing's oversights that saw its Chinese peers fall like dominoes, stunning even institutional investors with the pace of the government's \"rectification\" adjustments.\nSea's ascent has also been somewhat of a conundrum for value investors, as they don't get how an unprofitable company can be trading at such sky-high valuations without consequences.\nTherefore, to answer whether Sea Limited stock is a good long-term buy for investors, we will show our readers how to apply the appropriate analytical framework and valuation treatment to the company, based on its performance and its projections moving forward, so that investors can make meaningful decisions on whether they think Sea Limited is a worthy long-term addition to their portfolio now.\nFor investors who are new to Sea Limited, we have recently written several articles on the company, which you can refer to them as a preamble.\nSea & Peers' stock YTD performance (as of 3 Sep 21)\nThis year, Sea has been one of our portfolio's leading performers as the stock raced to an 83% YTD lead that easily outperformed all its peers and SPDR S&P 500 ETF(NYSEARCA:SPY). This performance is even more incredible because it came off an outstanding 2020, where it also outperformed with a 392% return.\nWhile the rest of its American and Chinese peers often received more coverage than this Singapore-headquartered company, it has been Sea which has been quietly delivering. It has been executing, expanding its Garena gaming ecosystem, and reaching new milestones. It's been scaling its e-commerce footprint to LatAm and demonstrating to Amazon(NASDAQ:AMZN) that they are not experiencing any reopening headwinds. This is in contrast to what Amazon indicated in its recent earnings. The company is also growing its Sea Money footprint, especially through the Shopee/Shopee Pay flywheel, as the company stakes its FinTech leadership ambitions against Southeast Asia's FinTech leader Grab(NASDAQ:AGC).\nAs a result of Sea Limited's incredible success, the group's China-born CEO Forrest Li is also now Singapore's richest man with a net worth of $20.3B.\nSE quant rating (momentum). Source: Seeking Alpha Premium\nWe have always reminded investors that Sea stock is one that you should never bet against even if you are bearish on its long-term prognosis. The stock has made one of the strongest upside moves we have seen for stocks in our growth portfolio. This is also corroborated by Seeking Alpha's proprietary quant momentum rating, giving it the best possible A+ grade on its most recent performance.\nGiven the company and the stock's stupendous performances so far, we think it's only apt that investors ask whether SE's future optimism has been largely priced in, which is especially important for new investors who have yet to add its stock, where we will highlight the analytical framework on how investors can use to consider the company's prospects moving forward.\nMonitor Its Revenue Growth Closely\nSea Limited quarterly revenue. Data source: S&P Capital IQ\nSea Limited quarterly revenue YoY growth. Data source: S&P Capital IQ\nSea Limited impressed with another awesome quarter of topline growth as total revenue grew 159% YoY on revenue of $2.28B. Its QoQ performance was also remarkable with a 29% QoQ growth, as the company shows that its gangbusters growth knows \"no limit.\"\nSea Limited GAAP quarterly operating margins. Data source: S&P Capital IQ\nFor companies like Sea, whose strategy is still focused very much on topline growth and building scale efficiencies in the process, we should not be too concerned with its negative operating margins, as long as the company clearly demonstrated that it could grow rapidly like in Sea's case, and also achieve economies of scale through ramping revenue as it seeks out its \"blue oceans.\" We also articulated this point in a recent article on Snowflake(NYSE:SNOW), which operates in a huge market with a massive opportunity to expand, and the firm has shown that it can execute its strategies very well to capture those revenue opportunities despite having negative operating margins right now.\nTherefore, Sea Limited has certainly struck the right notes here, and we see no cause for concern so far. What matters for investors now is whether the company is still expected to grow this rapidly moving forward.\nSea Limited revenue mean consensus estimates. Data source: S&P Capital IQ\nSea Limited consensus revenue estimates revision trend. Source: Seeking Alpha Premium\nReaders should easily glean that the Street upgraded revenue forecasts for the company after Q2's earnings release from what they projected post Q1 earnings. For example, revenue projection for FY21 has been increased by 11.5% to reflect the improved guidance from the company. Even though projections for FY24 to FY25 look rather tepid, readers should note that only three analysts covered the FY24 projections, while only two covered for FY25, compared to the 18-21 analysts who covered FY21 to FY23 numbers. As a result, we will also focus our discussion up to FY23 numbers to keep them meaningful.\nThe expected revenue CAGR from FY20 to FY23 is 59.1%, while it reads 40.1% from FY21 to FY23. Therefore, the market is still expecting Sea Limited to deliver remarkable topline growth rates moving forward.At the same time, we are cautiously optimistic about Sea Limited's future, under the skillful stewardship of Group CEO Forrest Li and his management team. The team includes his two very competent business unit chiefs Chris Feng and Terry Zhao. Feng was born in China and leads Shopee and Sea Money. He is a Stanford alumnus like Li and he was recruited from Lazada(NYSE:BABA)by Li in 2014. Feng is said to be a “very, very smart and very, very confident” person who “reacts quickly and has excellent abilities of recall.” Zhao is the president of Garena. Li has kept Zhao by his side since the company's inception. Li is unlike Alibaba's Jack Ma and prefers to keep a modest profile. Still, his team's execution has been nothing short of outstanding, and we see no reason to think otherwise moving forward for this founder-led company.\nKeep a Close Watch on Shopee's Adj. EBITDA\nQuarterly Adj. EBITDA. Data source: Company filings\nQuarterly Adj. EBITDA by segments. Data source: Company filings\nOf particular concern, though, is that the company's Adj. EBITDA turned negative for the first time since Q2'20 as the increase in Adj. EBITDA losses from Shopee were greater than what Garena could cover in Q2'21. Investors should be able to glean from the second chart where it shows that Shopee's Adj. EBITDA losses increased to $679.77M in Q2'21, representing a 64.8% QoQ increase, while Garena's Adj. EBITDA only managed a 3.3% QoQ increase in Q2'21.\nDespite this observation, the company highlighted that its Malaysia market had turned Adj. EBITDA profitable, joining its Taiwan market. Therefore, we believe the huge increase in burn rate for Shopee is likely in its largest markets by gross merchandise value (GMV), such as Indonesia and Thailand. The company also alluded to this in its earnings call as it emphasized:\n\n And in terms of sales and marketing and related to competitive dynamics, I think we are -- again, as we discussed it before, given our strong market leadership, we're in a good position now that our sales and marketing is more driven by our view about the efficiency of investment into various markets at various points of time, for example, any shopping event season, any particular opportunities to promote the brand, et cetera...\n And in terms of the cash burn...as we look at the market opportunities, the timing of the market, for example, in Q2, we have Ramadan season in our several largest markets including Indonesia.And this is a time where investment into the growth and to promote e-commerce adoption is very efficient. We have increased our buy frequency overall to more than 6x a month.\n And in Indonesia, it has exceeded 7x per month, which we believe is very healthy for a marketplace platform.\n\nShopee Indonesia 76th Independence Day poster (Shopee ada untuk Indonesia: Shopee is for Indonesia). Source: Shopee Indonesia LinkedIn\nNow, we emphasized Ramadan (which is not exclusive to Indonesia per se) because it's a massive annual event in Indonesia. We had a sojourn in Jakarta, Indonesia, for a year, and we can tell you it's one of the most important highlights in Indonesia's annual calendar. Therefore, we cannot further underscore the opportunities to boost sales during this important event. It shows that Shopee's management clearly understands its most important market very well, and Shopee also aligned its progress with Indonesia's progress as the country celebrated its 76th Independence Day on 17 Aug 21, as Shopee Indonesia reminded Indonesians that\"Shopee is for Indonesia.\"\nShopee Indonesia has quickly moved onto its next big 9.9 shopping event, and this time around, they recruited well-known Indonesian actor and martial artist Joe Taslim, who starred in the recent Mortal Kombat film as Sub-Zero. For readers familiar with Shopee's advertising strategy, the company often stars well-known local artists in its promotional campaigns. The ads are often quirky and dramatic, which helps capture the users' attention very easily and is often memorable. This recipe has served Shopee very well, and somehow its keen regional competitors such as Lazada and Tokopedia have found it difficult to emulate. We encourage investors and readers to continue keeping a close watch on Shopee's most important market moving forward.\nTherefore, while observing quarterly Adj. EBITDA moving back into negative territory wasn't exactly a welcome development; we need to consider the context. In Shopee's case, it was certainly an opportunity that they needed to undertake to take full advantage of the opportunity to boost sales during the important Ramadan festival which is mainly celebrated in Indonesia, Malaysia, and Singapore. Therefore, we wouldn't be too concerned over a quarter's development and start to be worried, but instead, we should continue to monitor Shopee's Adj. EBITDA's development over the next few quarters, and give the company some space to execute its e-commerce strategies.\nWatch for Advertising's Share of Revenue\nShopee Adj. EBITDA per order. Data source: Company filings\nShopee quarterly take rate. Data source: Company filings\nAs a result of Shoppe's increased Adj. EBITDA losses due to its heavier burn rate for Q2'21, we observed Shopee's Adj. EBITDA loss per order regressed to $0.41, from $0.38 in Q1'21. However, readers should note that this only represented a 7.9% QoQ increase, which is certainly much lower than the 64.8% QoQ increase in total Adj. EBITDA losses. This clearly shows that Shopee is benefiting from greater scale efficiencies, despite the larger burn rate due to the heavier investments in the quarter. In addition, the Adj. EBITDA loss per order was also not \"that bad,\" as it was still in line with Q4'20's metric. Moreover, we have certainly seen worse days, and this was nothing spectacular.\nImportantly, we noticed a marked and consistent improvement in Shopee's take rate for Q2'21 as it improved to 6.7% compared to 6.1% in Q1'21. Sea Limited was very clear on its earnings call where this improvement was mainly attributed to as it emphasized: \"This deepening monetization was driven mainly bygrowing merchant investments in marketing and advertisement on the Shopee platformto attract better and serve buyers.\"\nWe think this is a critical development in Shopee's progress as it continues to scale rapidly. For example, in our recent Amazon article, we showed just how massive the advertising opportunity is for the company as it's now Amazon's fastest-growing revenue driver, and 90% of its ad revenue is centered on its e-commerce marketplace.\nShopee quarterly sales & marketing (S&M) margin. Data source: Company filings\nTherefore, even though we saw a marked increase in Shopee's S&M margin from 49% in Q1'21 to 56.2% in Q2'21 (14.7% QoQ increase), we encourage investors to consider the company's overall Adj. EBITDA per order, which shows that the company has tremendous leverage to engage in aggressive marketing activities through better monetization in Shopee's platform.\nGarena's Bookings Growth Seems to Be Slowing Down\nGarena bookings. Data source: Company filings\nThe company reported a fantastic quarter for Garena again as it topped several charts. Sea highlighted that Garena's Free Fire continues to maintain incredible momentum in Southeast Asia, LatAm, and India as the highest-grossing game. In the US, Free Fire was \"ranked the highest-grossing mobile battle royale game for the past two quarters based on App Annie. Additionally, Free Fire was the second highest-grossing mobile game in the U.S. on Google Play across all games categories in the second quarter as well.\"\nWhile this is certainly impressive, we prefer to look at the global perspective on how Free Fire has performed against its peers. According to Sensor Tower data for H1'21, while Free Fire is the #2 top gross gaming app behind Moon Active's Coin Master on Google Play, it ranked only #8 in overall revenue when we included the App Store's top-grossing gaming apps such as Tencent's(OTCPK:TCEHY)Honor of Kings (#1 overall) and PUBG Mobile battle-royale game (#2 overall), and also Roblox (#4 overall)(NYSE:RBLX). Therefore, while Free Fire has been doing well in markets where the Android operating system (OS) is dominant, it hasn't performed quite as well in North America, where iOS is the leading OS (as we showed in our Digital Turbine(NASDAQ:APPS)article appendedhere). The US is the largest and the most important mobile gaming market, as it accounted for28%of the mobile gaming market share in 2020. Garena has never been a strong performer on iOS, and if the company can improve its performance in the App Store, the boost could be tremendous to Garena.\nWhile the company's bookings for Q2'21 remain strong as it posted a QoQ increase of 9.1% to $1.2B from $1.1B in Q1'21, the company only raised the guidance from $4.5B to $4.7B in bookings for FY21. When we consider H1'21's collective bookings of $2.3B, the company is therefore expecting H2'21 bookings to come in at $2.3B, which means they aren't expecting any material growth in bookings for the rest of the year as compared to H1'21. This was also picked up by one of the analysts on the conference call, and Group Chief Corporate Officer Yanjun Wang reminded:\n\n We believe the overall guidance showed a more than 40% year-on-year growth compared to last year, which is also a record year for us with the commencement of lockdown. And I think this is a very strong performance already. And our focus, as you can tell from game and the metrics we have indicated as well as our views in terms of how to grow our gaming platform,\n is to continue to first and foremost to grow our user base and also pay user baseacross the various markets in the world as we continue to see strong potential growth. (from Q2'21 earnings call)\n\nQuarter paying users (QPU) / Quarterly active users (QAU). Data source: Company filings\nAverage Booking Per User (ABPU) and Average Booking Per Paying User (ABPPU)). Data source: Company filings\nThe company's bookings trends can certainly be observed on a per-user or per paying user basis. The ABPPU has certainly been trending down, which reflects a drop in monetization per paying user, which is important as paying users are the ones that generate revenue for Garena. However, we didn't really observe a meaningful drop in the ABPU trend, despite the drop in ABPPU. This shows that even though there is \"less meat\" per paying user, newly minted paying users have been supporting the bookings, which we can certainly observe from the first chart where the QPU / QAU ratio has been consistently increasing, indicating that Garena has been getting better at converting and monetizing its huge non-paying users base. We think this is of huge significance when we consider that only 12.7% of users are paying users as of Q2'21, leaving the company massive opportunities to continue \"working its magic\" on monetizing the non-paying users. On this matter, Sea Limited was unabashed as it emphasized: \"...Our past track record has shown that we're generally good at commercialization in even markets that are known to be difficult for commercialization. So we don't really worry about not being able to commercialize the content down the road. But our focus continues to be growing the user base and making this an even larger platform that allows us to really tap on into it to build a stronger game ecosystem with very strong social elements in it.\"\nBuilding up eSports as a Social Platform\nWe shared in our previous deep dive on Garena (link to the article is appendedhere), where Garena's ambitions are beyond just a mobile gaming app. The company has huge ambitions, and they have already been using eSports as the basis to build the community for its gamers and developing it into a social platform that perhaps is similar to what Roblox has advanced. Garena has already highlighted previously its ambitions on building this cohesive and broad social community as it emphasized:\n\n...developingit into a social platformwhere people not only come to play the core gameplay, but also enjoy other modes: hangout, listen to music, social lives… So our focus is to continue to promote a massive-based online platform and online community and provide them with content and opportunities for socializing engagement, try out different modes of games, try out different characters, avatars or having different ways of playing.\n\nThe revenue in global eSports is not that significant as it's only expected to reach $1.62B by 2024, as we highlighted in our Garena article. Still, the whole strategic intent is to build the all-encompassing social platform that will drive incredible engagement, platform stickiness beyond what a typical gaming app can do. Importantly, the company is also headquartered in Singapore, where the Singapore government is focused on building the global hub for eSports, as Southeast Asia is expected to be the fastest-growing region for eSports, and the city-state recently opened a huge 12,000-sqft eSports experience center, as the Singapore Tourism Board emphasized:\n\n Our world-class events and digital infrastructure have also made Singapore an attractive location for the industry to hold gaming and e-sports events here. The government will continue to support companies as they push boundaries through experimenting with new and immersive content formats and business models, as well as level up the quality of our local talent to become leading creators of world-class content.\n\nGarena also recently brought in \"globally renowned DJs Dimitri Vegas & Like Mike, Alok, and KSHMR for Free Fire’s 4th-anniversary theme song, ‘Reunion,’\" following successful strategies adopted by Roblox in its metaverse development, and we think Garena is really still very early in its opportunity to develop its own metaverse.\nSea Limited Stakes Its Claim On MercadoLibre's LatAm Leadership\nWithout a doubt, the one that generates the most interest is the company's foray into LatAm, which Sea Limited recently updated that it has seen tremendous progress. We did a deep dive recently on this topic, and we encourage you to refer to our articlehere. While we think MercadoLibre(NASDAQ:MELI)is the undisputed e-commerce and FinTech leader in LatAm, especially in LatAm's most important market: Brazil, Shopee's progress has been truly remarkable as it's now the #2 ranked e-commerce app in downloads in Brazil according to App Annie. However, although Shopee is surely making meaningful headway in Brazil, MELI is a different competitor than Tokopedia and Lazada. MELI understands LatAm's e-commerce space comprehensively and has a very impressive logistics and fulfillment network that is second to none in LatAm's notoriously challenging logistics infrastructure. Sea Limited also noted this, but the company thinks that it will be able to overcome these difficulties as it continues to invest in LatAm, which will help these third-party logistics providers to improve their efficiencies and competencies over time and close the gap with MELI as SE emphasized:\n\n ...There hasn't been a lot of volume or traffic broadly generated across different platforms, then probably there is also a lack of initial growth opportunity for logistics. But on the one hand, we are also hopeful that with the growing e-commerce scene in the region and more focus of our global investors into the growth opportunities in the region, we may also see similar trends in those markets. And this is hopefully some contribution we can make to the market in terms of bringing more opportunities, bringing more digitization as well as e-commerce ecosystem that helps not just growth of Shopee but also growth of the surrounding services, including 3PLs within the region. And we've been partnering with 3PLs in our region very successfully in growing the e-commerce ecosystem. And at the same time, these third-party partners also enjoy the very strong growth on their end as well and the close partnership with Shopee. We are very happy to continue to adopt that model going forward in Brazil or the new markets as well. (from Q2'21 earnings call)\n\nWe have indeed seen this great partnership between Shopee and its logistics partners in Southeast Asia, so much so that one of its key logistics partners in Indonesia:J&T Express, is on track for its own IPO either in Hong Kong or the US. Therefore, while MELI certainly has the important lead in logistics right now, we believe it's only a matter of time the logistics infrastructure in LatAm improves with Shopee's involvement if it is willing to adopt the aggressiveness of its approach with Southeast Asia.\nMELI Commerce Take Rate. Data source: Company filings\nIf we consider MELI's commerce take rate as compared to Shopee's take rate, readers can easily observe the incredible monetization opportunities that are available in LatAm, and we can easily understand why Sea Limited is so keen to carve out MercadoLibre's leadership there because it's just so attractive. We think as Sea Limited gets more aggressive in its marketing in LatAm, MercadoLibre will start to feel the pressure to rein in its lucrative take rate to compete with Shopee's aggressive marketing tactics.\nShopee has engaged international film star Jackie Chan for its global 9.9 campaign, and its Brazilian version (see above) has received even more views (3.3M) than some of its Asian counterparts that we last surveyed: Indonesia (1.2M views) and Singapore (1.6M views). We think Shopee has the potential to inflict huge damage to MELI's highly lucrative take rate as its Southeast Asian operations have achieved significant scale, and we think they are ready to take on LatAm's e-commerce leader with confidence. Readers should note that Shopee's e-commerce operations are way larger than MELI as Shopee boasts an LTM GMV of $48.8B as compared to MELI LTM GMV of $25.6B.\nValuations Are Never Going to be Cheap\nWe used a blended comps valuation comprising its EV/Fwd Rev multiples and its EV/Fwd EBITDA multiples using the following companies in the comps set: Amazon, Tencent, Roblox, MercadoLibre, and Square(NYSE:SQ).\nUsing an aggressive valuation approach based on FY23 consensus estimates of EBITDA and Revenue, we arrived at an implied fair value of about $336.19 (mid-point) under the EBITDA multiples approach and $352.62 (mid-point) under the Revenue approach. Averaging out those fair values will give us a blended fair value of $344.41, which indicates a potential downside of about 2.5% from its last closing price of $353.36.\nReaders should also note that we have used an aggressive approach and have not considered a reasonable margin of safety. So, in essence, SE stock looks expensive right now, even though we don't expect it to be cheap for a high-quality growth stock like Sea Limited.\nSE Stock Price Action and Trend Analysis\nSE stock price action (weekly).\nThe rapid ascent of SE stock has left price action investors with little opportunities to add more exposure. However, we have still taken the opportunities in May to add more exposure to our portfolio and haven't added anymore since.\nWhile we have not witnessed any indication of a momentum shift in SE stock, we seriously don't think we will even consider adding exposure at this price level, as our aggressive valuation approach has shown us that quite a bit of the optimism has already been priced in. The stock is also starting to show flashes of flush-up price action that are indicative of potential bull-trap scenarios. While the price action has not been resolved yet, we are still monitoring for opportunities to perhaps enter cash-secured puts at more reasonable strike prices relative to the expected premium collected to try and take advantage of SE stock's incredible momentum.\nHence, we hope that we have demonstrated in our earlier sections that Sea Limited is definitely in the early innings of its market opportunity. Still, the level of optimism in the stock will need some leveling off first so that long-term investors can add exposure at a more reasonable price level.","news_type":1,"symbols_score_info":{"SE":0.9}},"isVote":1,"tweetType":1,"viewCount":925,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880472277,"gmtCreate":1631077073899,"gmtModify":1631891106752,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Really","listText":"Really","text":"Really","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/880472277","repostId":"1156621493","repostType":4,"isVote":1,"tweetType":1,"viewCount":1474,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817794942,"gmtCreate":1630986382686,"gmtModify":1631891106762,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Shocked","listText":"Shocked","text":"Shocked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817794942","repostId":"2165877663","repostType":4,"isVote":1,"tweetType":1,"viewCount":1661,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817792480,"gmtCreate":1630986343640,"gmtModify":1631891106773,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Ohhj","listText":"Ohhj","text":"Ohhj","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/817792480","repostId":"1180042484","repostType":4,"isVote":1,"tweetType":1,"viewCount":575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814773836,"gmtCreate":1630887945325,"gmtModify":1631893610152,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Why US Labor day not fall on May 1st?","listText":"Why US Labor day not fall on May 1st?","text":"Why US Labor day not fall on May 1st?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/814773836","repostId":"1126654067","repostType":4,"repost":{"id":"1126654067","kind":"news","pubTimestamp":1630885254,"share":"https://www.laohu8.com/m/news/1126654067?lang=&edition=full","pubTime":"2021-09-06 07:40","market":"us","language":"en","title":"Is the U.S. stock market open on Labor Day?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126654067","media":"MarketWatch","summary":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be cl","content":"<p>It is unofficially summer’s last hurrah for Wall Street investors.</p>\n<p>U.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.</p>\n<p>On Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc.&nbsp;-owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average,&nbsp;S&amp;P 500&nbsp;or Nasdaq Composite indexes.</p>\n<p>The S&amp;P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite&nbsp;was on track to book its 35th&nbsp;all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.</p>\n<p>Sifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was&nbsp;yielding around 1.33%&nbsp;after the U.S. August jobs report came in weaker than expected.</p>\n<p>However, the&nbsp;Labor Department’s employment report,which showed that&nbsp;235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.</p>\n<p>Trading in most commodity futures, including Nymex crude-oil&nbsp;and Comex gold,on U.S. exchanges will also be halted Monday.</p>\n<p>Is there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?</p>\n<p>Probably not.</p>\n<p>But the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3f0f061a4ddd2ca31c53f8aa68e3cce\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p>\n<p>The S&amp;P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0c780a46e32d055feb3e3f5e10fc987f\" tg-width=\"699\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>DOW JONES MARKET DATA</span></p>\n<p>But if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s&nbsp;Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.</p>\n<p>It is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.</p>\n<p>Markets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100&nbsp;index and the pan-European Stoxx Europe 600&nbsp;will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng&nbsp;and the Shanghai Composite Index.</p>","source":"lsy1603348471595","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>Is the U.S. stock market open on Labor Day?</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\">\nIs the U.S. stock market open on Labor Day?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 07:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has ...</p>\n\n<a href=\"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ICE":"洲际交易所",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/is-the-u-s-stock-market-open-on-labor-day-11630697597?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126654067","content_text":"It is unofficially summer’s last hurrah for Wall Street investors.\nU.S. financial markets will be closed for Labor Day on Monday, Sept. 6, marking a three-day weekend in the U.S., following what has been a mostly spectacular run for the stock market. The rally came despite concerns about the spread of the delta variant of the coronavirus and unease about the timetable for an eventual rollback of easy-money policies implemented by the Federal Reserve at the onset of the pandemic last year.\nOn Monday, U.S. stock exchanges, including the Intercontinental Exchange Inc. -owned New York Stock Exchange and Nasdaq Inc.,will be closed, so don’t look for any action in individual stocks or indexes including the Dow Jones Industrial Average, S&P 500 or Nasdaq Composite indexes.\nThe S&P 500 has already notched 54 record closing highs in 2021 and was looking for its 55th on Friday, while the Nasdaq Composite was on track to book its 35th all-time high of the year. The Dow stood less than a percentage point from its Aug. 16 record, mid-afternoon Friday.\nSifma, the securities-industry trade group for fixed-income, also has recommended the bond market close on Labor Day, including trading in the 10-year Treasury note,which was yielding around 1.33% after the U.S. August jobs report came in weaker than expected.\nHowever, the Labor Department’s employment report,which showed that 235,000 jobs were created in August, far below expectations for more than 700,000, failed to dull expectations among sovereign debt investors for a near-term announcement of tapering of the Fed’s $120 billion in monthly purchases in Treasurys and mortgage-backed securities.\nTrading in most commodity futures, including Nymex crude-oil and Comex gold,on U.S. exchanges will also be halted Monday.\nIs there any significance to the holiday for average investors, besides the time off in the U.S. and the barbecues?\nProbably not.\nBut the May Memorial Day to September Labor Day period in recent years has proven a bullish stretch one for investors, according to Dow Jones Market Data. The Dow, for example, is up by about 2% over that period and averages a gain of 1.3%, producing a winning record 65% of the time. The Dow is currently enjoying a win streak, over the past six Memorial Day/Labor Day periods, representing the longest win streak since 1989. Last year, the markets gained nearly 15% over that time.\nDOW JONES MARKET DATA\nThe S&P 500 is on a similar win streak and is up nearly 8% so far this Memorial Day-Labor Day period. It has risen more than 70% over that period in past years and averages a 1.7% gain. The broad-market index rose 16% during that time in 2020.\nDOW JONES MARKET DATA\nBut if there is a bona fide trend in the Labor Day trading it may be this one that MarketWatch’s Steve Goldstein reports, quoting Raymond James strategist Tavis McCourt, who says that in the last two years, there was a big value and cyclical bias in stock markets after the holiday, and in 2018, markets basically collapsed after the summer drew to a close.\nIt is impossible to know if the stock market rally will peter out similarly this time around but there is a growing sense on Wall Street that valuations are too lofty and equity indexes are due for a pullback of at least 5% or better from current heights.\nMarkets will be back to business as usual on Tuesday and, of course, European bourses, including London’s FTSE 100 index and the pan-European Stoxx Europe 600 will be open on Monday, as well as Asian markets, the Nikkei 225,Hong Kong’s Hang Seng and the Shanghai Composite Index.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"ICE":0.9}},"isVote":1,"tweetType":1,"viewCount":868,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814619165,"gmtCreate":1630811568957,"gmtModify":1631893610154,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Like thanks&nbsp;","listText":"Like thanks&nbsp;","text":"Like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/814619165","repostId":"1157895022","repostType":4,"repost":{"id":"1157895022","kind":"news","pubTimestamp":1630810619,"share":"https://www.laohu8.com/m/news/1157895022?lang=&edition=full","pubTime":"2021-09-05 10:56","market":"us","language":"en","title":"Beat the market with this quant system that’s very bullish on stocks at record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1157895022","media":"MarketWatch","summary":"Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do ","content":"<blockquote>\n <b>Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.</b>\n</blockquote>\n<p>Imagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.</p>\n<p>That’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.</p>\n<p>Howard and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.</p>\n<p>His HCM Tactical Growth Fund&nbsp;HCMGX,+0.35%beats its Russell 1000&nbsp;benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.</p>\n<p>There are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?</p>\n<p>So-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.</p>\n<p>Here are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.</p>\n<p><b>Lesson #1: Don’t be emotional</b></p>\n<p>It’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.</p>\n<p>Likewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.</p>\n<p>To do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”</p>\n<p><b>Lesson #2: Have a system and stick to it</b></p>\n<p>To exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.</p>\n<p>The HCM-BuyLine basically works like this. First, rather than use the S&amp;P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.</p>\n<p>When the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.</p>\n<p>“If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”</p>\n<p>Right now, it’s bullish. (More on this below.)</p>\n<p>Your system also has to tell you when to get back in.</p>\n<p>“That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.</p>\n<p>You don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.</p>\n<p>“If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”</p>\n<p>His system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.</p>\n<p>“The HCM-BuyLine takes all the emotion out of the process,” says Howard.</p>\n<p><b>Lesson #3: Don’t fight the tape</b></p>\n<p>This concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”</p>\n<p>“You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”</p>\n<p>In other words, don’t try to be a hero.</p>\n<p>“Sometimes, not losing money is where you want to be,” he says.</p>\n<p>Likewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.</p>\n<p><b>Lesson #4: Keep it simple</b></p>\n<p>As you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.</p>\n<p>“You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”</p>\n<p><b>Lesson #5: How to trade the current market</b></p>\n<p>First, be long.</p>\n<p>“The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”</p>\n<p>One bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”</p>\n<p>Howard uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.</p>\n<p>He likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.</p>\n<p>He likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and&nbsp;iShares SemiconductorSOXX,+0.75%.</p>\n<p>He likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.</p>\n<p>As for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.</p>\n<p>Also consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.</p>\n<p>He prefers to add to holdings on 1%-3% dips.</p>\n<p><b>A few drawbacks</b></p>\n<p>His HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.</p>\n<p>Every manager, including Warren Buffett, can have a stretch of underperformance, says Howard.</p>\n<p>“We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”</p>\n<p>Another challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.</p>","source":"lsy1603348471595","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>Beat the market with this quant system that’s very bullish on stocks at record highs</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\">\nBeat the market with this quant system that’s very bullish on stocks at record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-05 10:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.\n\nImagine you had a money-making ...</p>\n\n<a href=\"https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/beat-the-market-with-this-quant-system-thats-very-bullish-on-stocks-at-record-highs-11630761531?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1157895022","content_text":"Vance Howard’s HCM Tactical Growth Fund moves you in and out of the stock market when prudent to do so. So far his team of computer scientists’ strategy has paid off.\n\nImagine you had a money-making machine to harvest gains in the stock market while you sat back to enjoy life.\nThat’s everyone’s dream, right? Investor Vance Howard thinks he’s found it.\nHoward and his small army of computer programmers atHoward Capital Managementin Roswell, Ga., have a quantitative system that posts great returns.\nHis HCM Tactical Growth Fund HCMGX,+0.35%beats its Russell 1000 benchmark index and large-blend fund category by 8.5-10.4 percentage points annualized over the past five years, according to Morningstar. That is no small feat, and not only because it has to overcome a 2.22% fee. Beating the market is simply not easy. His HCM Dividend Sector PlusHCMQX,-0.05%) and HCM Income PlusHCMLX,+0.30%funds post similar outperformance.\nThere are drawbacks, which I detail below. (Among them: Potentially long stretches of underperformance and regular tax bills.) But first, what can we learn from this winner?\nSo-called quants never share all the details of their proprietary systems, but Howard shares a lot, as you’ll see. And this Texas rancher has a lot of good advice based on “horse sense” — not surprising, given his infectious passion for the markets, and his three decades of experience as a pro.\nHere are five lessons, 12 exchange traded funds (ETFs) and four stocks to consider, from a recent interview with him.\nLesson #1: Don’t be emotional\nIt’s no surprise so many people do poorly in the market. Evolution has programmed us to fail. For survival, we’ve learned to run from things that frightens us. And crave more of things that are pleasurable — like sweets or fats to store calories ahead of what might be a long stretch without food. But in the market, acting on the emotions of fear and greed invariably make us do the wrong thing at the wrong time. Sell at the bottom, buy at the top.\nLikewise, we’re programmed to believe being with the crowd brings safety. If you’re a zebra on the Savanna, you are more likely to get picked off by a predator if you go it alone. The problem here is being part of a crowd — and crowd psychology — dumb us down to a purely emotional level. This is why people in crowds do terrible things they would never do on their own. It doesn’t matter how smart you are. When you join a crowd, you lose a lot of IQ points. Base emotions take over.\nTo do well in the market, you have to counteract these tendencies. “One of the biggest mistakes individual investors and money managers make is getting emotional,” says Howard. “Let your emotions go.”\nLesson #2: Have a system and stick to it\nTo exorcise emotion, have a system. “And don’t second guess it,” says Howard. “This keeps you from letting the pandemic or Afghanistan scare you out of the market.” He calls his system the HCM-BuyLine. It is basically a momentum and trend-following system — which often works well in the markets.\nThe HCM-BuyLine basically works like this. First, rather than use the S&P 500SPX,-0.03%or the Dow Jones Industrial AverageDJIA,-0.21%,Howard blends several stock indices to create his own index. Then he uses a moving average that tells him whether the market is in an uptrend or downtrend.\nWhen the moving average drops 3.5%, he sells 35%. If it drops 6.5%, he sells another 35%. He rarely goes to 100% cash.\n“If the BuyLine is positive, we will stay long no matter what,” he says. “We take all the emotion out of the equation by letting the math decide.”\nRight now, it’s bullish. (More on this below.)\nYour system also has to tell you when to get back in.\n“That’s where most people screw up,” he says. “They get out of the market, and they don’t know when to get back in.” The HCM-BuyLine gives a buy signal when his custom index trades above its moving average for six consecutive sessions, and then goes on to trade above the high hit during those six days.\nYou don’t need a system that calls exact market tops or bottoms. Instead, the BuyLine keeps Howard out of down markets 85% of the time, and in for 85% of the good times.\n“If we can do that consistently, we have superior returns and a less stressful life,” he says. “Being all in during a bad tape is no fun.”\nHis system is slow to get him out of the market, but quick to get him back in. Not even a 10% correction will necessarily move him out. He’s often buying those pullbacks. Getting back in fast makes sense, because recoveries off bottoms tend to happen fast.\n“The HCM-BuyLine takes all the emotion out of the process,” says Howard.\nLesson #3: Don’t fight the tape\nThis concept is one of the core pieces of wisdom from Marty Zweig’s classic book, “Winning on Wall Street.”\n“You have to stay on the right side of market,” agrees Howard. “If you try to trade long in a bad market, it is painful.”\nIn other words, don’t try to be a hero.\n“Sometimes, not losing money is where you want to be,” he says.\nLikewise, don’t turn cautious just because the market hits new highs — like now. You should love new highs, because it is a sign of market strength that may likely endure.\nLesson #4: Keep it simple\nAs you’ll see below, Howard doesn’t use esoteric instruments such as derivatives, swaps or index options. He doesn’t even trade foreign stocks or currencies. This is refreshing for individual investors, because we have a harder time accessing those tools.\n“You don’t have to trade crazy stuff,” he says. “You can trade plain-vanilla ETFs and beat everybody out there.”\nLesson #5: How to trade the current market\nFirst, be long.\n“The HCM-BuyLine is very positive. We are 100% in,” says Howard. “The market is broadening out. It is getting pretty exciting. We do not see it turn around any time soon. We are buying pullbacks.”\nOne bullish signal is all the cash on the sidelines. “If there is any relief in Covid, we may see a big rally. We may end up with a great fall [season].”\nHoward uses momentum indicators to select stocks and ETFs, too. For sectors he favors the following.\nHe likes health care, tradable through the iShares US HealthcareIYH,-0.04%and ProShares Ultra Health CareRXL,+0.12%ETFs. He’s turning more bullish on biotech, which he plays via the iShares Biotechnology ETFIBB,-0.11%.\nHe likes consumer discretionary tradable through the iShares US Consumer ServicesIYC,-0.30%,and airlines via US Global JetsJETS,-1.17%.He also likes tech exposure via the Invesco QQQ TrustQQQ,+0.31%,iShares US TechnologyIYW,+0.50%and iShares SemiconductorSOXX,+0.75%.\nHe likes small-caps via the Vanguard Small-Cap Growth Index FundVBK,+0.07%.And convertible bonds via SPDR Bloomberg Barclays Convertible SecuritiesCWB,+0.64%and iShares Convertible BondICVT,+0.37%.\nAs for individual names, he singles out MicrosoftMSFT,-0.00%and AppleAAPL,+0.42%in tech, as well as Amazon.comAMZN,+0.43%and TeslaTSLA,+0.16%.\nAlso consider Howard’s two ETFs: The HCM Defender 100 IndexQQH,+0.62%and HCM Defender 500 IndexLGH,+1.32%.\nHe prefers to add to holdings on 1%-3% dips.\nA few drawbacks\nHis HCM Tactical Growth fund has a history of posting two-year stretches of underperformance of 1.5% to 8.8%, since it was launched in 2015. The fund then came roaring back to net the very positive five-year outperformance cited above. Investing in his system can require patience.\nEvery manager, including Warren Buffett, can have a stretch of underperformance, says Howard.\n“We are in the odds game,” he says. “Even in the odds game, you can have a bad hand or two thrown at you.”\nAnother challenge is the high turnover, which is 140% a year for Tactical Growth. This means Uncle Sam takes a big cut in the good years. So if you buy Howard’s funds, you may want to do so in a tax-protected account.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815915054,"gmtCreate":1630634942278,"gmtModify":1631893610158,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Ohh","listText":"Ohh","text":"Ohh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/815915054","repostId":"2164829818","repostType":4,"isVote":1,"tweetType":1,"viewCount":512,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813260788,"gmtCreate":1630205568944,"gmtModify":1704957008928,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813260788","repostId":"1129129956","repostType":4,"repost":{"id":"1129129956","kind":"news","pubTimestamp":1630201285,"share":"https://www.laohu8.com/m/news/1129129956?lang=&edition=full","pubTime":"2021-08-29 09:41","market":"us","language":"en","title":"This Unloved Tech Stock Could Make You Rich One Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1129129956","media":"Motley Fool","summary":"The iBuying business is a race to grow larger, and Opendoor is winning.The company is growing at a rate that is two years ahead of what management projected just a year earlier.The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.Real estate iBuying company Opendoor Technologieshas been executing at a high level in the three quarters since coming public via a special purpose acquisition company  merger. In a race to disrupt residential ","content":"<p>Key Points</p>\n<ul>\n <li>The iBuying business is a race to grow larger, and Opendoor is winning.</li>\n <li>The company is growing at a rate that is two years ahead of what management projected just a year earlier.</li>\n <li>The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.</li>\n</ul>\n<p></p>\n<p>Real estate iBuying company&nbsp;<b>Opendoor Technologies</b>(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.</p>\n<p>Despite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.</p>\n<h3>1. Opendoor is winning the iBuying battle</h3>\n<p>The traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.</p>\n<p>Opendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.</p>\n<p>After seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including&nbsp;<b>Zillow Group</b>&nbsp;and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.</p>\n<p>According to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.</p>\n<h3>2. Revenue growth is ahead of schedule</h3>\n<p>When companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.</p>\n<p>Fast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"</p>\n<p>In other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.</p>\n<h3>3. SPACs are out of favor with the market... opportunity?</h3>\n<p>Investors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.</p>\n<p>Investors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.</p>\n<p>But if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.</p>\n<p>Competitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.</p>\n<h3>Here's the bottom line</h3>\n<p>Real estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"<b>Amazon</b>\" of home buying, but what seems certain is that the company is&nbsp;poised to be a big player&nbsp;in real estate's future if it keeps performing like this.</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>This Unloved Tech Stock Could Make You Rich One Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Unloved Tech Stock Could Make You Rich One Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-29 09:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nThe iBuying business is a race to grow larger, and Opendoor is winning.\nThe company is growing at a rate that is two years ahead of what management projected just a year earlier.\nThe ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OPEN":"Opendoor Technologies Inc"},"source_url":"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129129956","content_text":"Key Points\n\nThe iBuying business is a race to grow larger, and Opendoor is winning.\nThe company is growing at a rate that is two years ahead of what management projected just a year earlier.\nThe market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.\n\n\nReal estate iBuying company Opendoor Technologies(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.\nDespite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.\n1. Opendoor is winning the iBuying battle\nThe traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.\nOpendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.\nAfter seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including Zillow Group and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.\nAccording to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.\n2. Revenue growth is ahead of schedule\nWhen companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.\nFast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"\nIn other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.\n3. SPACs are out of favor with the market... opportunity?\nInvestors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.\nInvestors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.\nBut if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.\nCompetitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.\nHere's the bottom line\nReal estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"Amazon\" of home buying, but what seems certain is that the company is poised to be a big player in real estate's future if it keeps performing like this.","news_type":1,"symbols_score_info":{"OPEN":0.9}},"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813345600,"gmtCreate":1630139173500,"gmtModify":1704956487133,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Like 👍","listText":"Like 👍","text":"Like 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The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.</p>\n<p>Chinese online recruitment platform&nbsp;<b>Kanzhun</b>(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.</p>\n<p>Mental health services provider&nbsp;<b>LifeStance Health</b>(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.</p>\n<p>Israel’s&nbsp;<b>monday.com</b>(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.</p>\n<p>BPO vendor&nbsp;<b>TaskUs</b>(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.</p>\n<p>Data-driven marketing platform&nbsp;<b>Zeta Global</b>(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.</p>\n<p>Online luxury goods marketplace&nbsp;<b>1stDibs</b>(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.</p>\n<p>Chinese online tutoring platform&nbsp;<b>Zhangmen Education</b>(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/d771f02e44d9d489ff772f1577280332\" tg-width=\"945\" tg-height=\"666\"></p>\n<p>Street research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.</p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&amp;P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.</p>","source":"lsy1603787993745","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. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. IPO Week Ahead: Digital Payments, Mental Health Services, And More In A Diverse 8 IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIBS":"1stdibs.com Inc.","TASK":"TaskUs Inc.","MQ":"Marqeta, Inc.",".SPX":"S&P 500 Index",".DJI":"道琼斯","BZ":"BOSS直聘","ZME":"掌门教育","MNDY":"Monday.com Ltd.","ZETA":"Zeta Global Holdings Corp.",".IXIC":"NASDAQ Composite","LFST":"LifeStance Health Group, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/82421/US-IPO-Week-Ahead-Digital-payments-mental-health-services-and-more-in-a-div","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106312903","content_text":"Summary\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta plans to raise $1.0 billion at a $12.4 billion market cap.\nChinese online recruitment platform Kanzhun plans to raise $864 million at an $8.2 billion market cap.\n\nEight IPOs are currently slated to raise $3.7 billion, featuring digital payments, mental health services, and more.\nPayments platform Marqeta(MQ) plans to raise $1.0 billion at a $12.4 billion market cap. The company's platform allows businesses to launch and manage their own card programs, issue cards to their customers or end users, and authorize and settle transactions. Marqeta is fast growing and counts names like Affirm (AFRM) and DoorDash (DASH) among its customers.\nChinese online recruitment platform Kanzhun(BZ) plans to raise $864 million at an $8.2 billion market cap. Kanzhun's core product, BOSS Zhipin, is a mobile-native platform that promotes direct chats between job seekers and enterprise clients. The company claims it was the largest online recruitment platform in China by MAUs in 2020.\nMental health services provider LifeStance Health(LFST) plans to raise $640 million at a $6.1 billion market cap. LifeStance states that it has built one of the nation's largest outpatient mental health platforms, employing over 3,300 licensed mental health clinicians across 73 MSAs in 27 states as of March 31, 2021. The company has demonstrated growth, though EBIT turned negative in the 1Q21.\nIsrael’s monday.com(MNDY) plans to raise $490 million at a $6.8 billion market cap. monday.com allows organizations to easily build software applications and work management tools that fit their needs. As of March 31, 2021, it served nearly 128,000 customers across over 200 industries in more than 190 countries. Salesforce and Zoom plan to invest a combined $150 million in a concurrent private placement.\nBPO vendor TaskUs(TASK) plans to raise $304 million at a $2.5 billion market cap. TaskUs is a digital business services outsourcer, providing digital customer experience services, content security services, and artificial intelligence operations. Profitable with strong growth, the company had over 100 clients as of December 31, 2020.\nData-driven marketing platform Zeta Global(ZETA) plans to raise $250 million at a $2.1 billion market cap. The company’s Zeta Marketing Platform uses identity data to target, connect, and engage consumers across email, social media, web, chat, connected TV, video, and other channels. Zeta is profitable and serves more than 1,000 customers, delivering roughly 500 million ad impressions in 2020.\nOnline luxury goods marketplace 1stDibs(DIBS) plans to raise $112 million at a $773 million market cap. 1stDibs connects buyers and sellers of vintage, antique, and contemporary furniture, home decor, jewelry, watches, art, and fashion. In 2020, the marketplace had more than 58,000 buyers who had made a purchase in the past year, with an average aggregate purchase per year of over $5,500.\nChinese online tutoring platform Zhangmen Education(ZME) plans to raise $43 million at a $1.9 billion market cap. Zhangmen Education states that it has been the largest online K-12 tutoring service provider in China by revenue since 2017, claiming a 32% market share in 2020.\n\nStreet research is expected for six companies, and lock-up periods will be expiring for up to 11 companies.\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 6/3/21, the Renaissance IPO Index was down 6.0% year-to-date, while the S&P 500 was up 11.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Zoom Video (ZM) and Uber (UBER). The Renaissance International IPO Index was down 1.1% year-to-date, while the ACWX was up 10.5%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Nexi and EQT Partners.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"BZ":0.9,"DIBS":0.9,"LFST":0.9,"MNDY":0.9,"MQ":0.9,"TASK":0.9,"ZETA":0.9,"ZME":0.9}},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106309409,"gmtCreate":1620086906901,"gmtModify":1634207987825,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"What happenes between them... 27 years love story gone","listText":"What happenes between them... 27 years love story gone","text":"What happenes between them... 27 years love story 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07:07","market":"us","language":"en","title":"S&P 500 dips, as healthcare weighs; Dow ends higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1106176005","media":"Reuters","summary":"The S&P 500dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sectorhit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector3.9%, its biggest $one$-day gain in nearly four months. The heavyweight tech sectorfell while the healthcare sectorwas dragged down by a weak profit forec","content":"<p>The S&amp;P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.</p><p>The S&amp;P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from <a href=\"https://laohu8.com/S/ABT\">Abbott Laboratories</a>(ABT.N).</p><p>Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.</p><p>\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of <a href=\"https://laohu8.com/S/CCF\">Chase</a> Investment Counsel in Charlottesville, Virginia.</p><p>The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&amp;P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.</p><p>Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.</p><p>While the S&amp;P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.</p><p>\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at <a href=\"https://laohu8.com/S/IVZ\">Invesco</a> in <a href=\"https://laohu8.com/S/NWY\">New York</a>.</p><p>\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"</p><p>A Wall St. sign is seen near the <a href=\"https://laohu8.com/S/NYRT\">New York</a> Stock Exchange (NYSE) in <a href=\"https://laohu8.com/S/NGD\">New</a> York <a href=\"https://laohu8.com/S/CHCO\">City</a>, U.S., May 4, 2021. REUTERS/Brendan McDermid/File Photo</p><p>Stock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.</p><p>Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.</p><p>This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.</p><p>Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.</p><p>Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR &amp; Co(KKR.N)and Clayton Dubilier &amp; Rice LLCagreed to take the data analytics firm private.</p><p>A group of“meme stocks” extended gainsfrom the previous week, with shares of <a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.</p><p>Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a>, a 1.79-to-1 ratio favored advancers.</p><p>The S&amp;P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.</p><p>About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.</p><p><b>Here are company's financial statements：</b></p><p><a href=\"https://laohu8.com/NW/1184181912\" target=\"_blank\"><b>Zoom reports blowout earnings but warns of a coming slowdown</b></a></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 dips, as healthcare weighs; Dow ends 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\">\nS&P 500 dips, as healthcare weighs; Dow ends higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-02 07:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The S&P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and ...</p>\n\n<a href=\"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","SDS":"两倍做空标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF","SPXU":"三倍做空标普500ETF","OEF":"标普100指数ETF-iShares","IVV":"标普500指数ETF","SPY":"标普500ETF"},"source_url":"https://www.reuters.com/business/sp-500-dips-healthcare-weighs-dow-ends-higher-2021-06-01/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106176005","content_text":"The S&P 500(.SPX)dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains, as investors weighed the latest U.S. economic data for signs of a rebound and rising inflation.The S&P 500 financial sector(.SPSY)hit a record high, while expected growth in fuel demand boosted oil prices and helped lift the energy sector(.SPNY)3.9%, its biggest one-day gain in nearly four months. The heavyweight tech sector(.SPLRCT)fell while the healthcare sector(.SPXHC)was dragged down by a weak profit forecast from Abbott Laboratories(ABT.N).Data showed U.S.manufacturing activity pickedup in May as pent-up demand in a reopening economy boosted orders. But unfinished work piled up because of shortages of raw materials and labor.\"People came back from a holiday weekend convinced that the economy is recovering nicely and that any inflation that we might be seeing in labor and other costs is temporary,\" Peter Tuz, president of Chase Investment Counsel in Charlottesville, Virginia.The Dow Jones Industrial Average(.DJI)rose 45.86 points, or 0.13%, to 34,575.31; the S&P 500(.SPX)lost 2.07 points, or 0.05%, at 4,202.04; and the Nasdaq Composite(.IXIC)dropped 12.26 points, or 0.09%, to 13,736.48.Along with sharp gains for financials and energy, the small-cap Russell 2000(.RUT)rose 1.1% on Tuesday, underscoring strength for segments of the stock market expected to do particularly well in an expanding economy.While the S&P 500 remains less than 1% of its record high after four straight months of gains, investors are worried about whether rising inflation could hit equity prices.\"We have supply chain issues, delays, price increases, pricing pressures in general, we have got employers saying they have got difficulty sourcing labor,\" said Kristina Hooper, chief global market strategist at Invesco in New York.\"So this is a microcosm of what we are already hearing about and seeing in the overall economy and it's just a reminder that inflation remains a concern.\"A Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File PhotoStock markets on Friday brushed off a surge inkey inflation readingsfor April following reassurances from Federal Reserve officials that the central bank’s ultra-loose monetary policy would remain in place.Minneapolis Federal Reserve Bank President Neel Kashkari and Fed Vice Chair for supervision Randal Quarles on Tuesday reiterated the view that higher prices would be transitory.This week's focus will be on a raft of economic data, culminating with U.S. payrolls due on Friday.Abbott Labs shares fell 9.3% after the company cut itsfull-year 2021 profit forecast, citing expectations for a sharp decline in revenue from its COVID-19 tests as more Americans get vaccinated. Shares of other test makers also fell.Cloudera Inc(CLDR.N)shares jumped 23.9% after private equity firms KKR & Co(KKR.N)and Clayton Dubilier & Rice LLCagreed to take the data analytics firm private.A group of“meme stocks” extended gainsfrom the previous week, with shares of AMC Entertainment Holdings Inc(AMC.N)up 22.7% after the movie theater chain said it sold $230 million of its stock.Advancing issues outnumbered decliners on the NYSE by a 2.54-to-1 ratio; on Nasdaq, a 1.79-to-1 ratio favored advancers.The S&P 500 posted 73 new 52-week highs and no new lows; the Nasdaq Composite recorded 168 new highs and 25 new lows.About 10.7 billion shares changed hands in U.S. exchanges, compared with the 10.5 billion daily average over the last 20 sessions.Here are company's financial statements：Zoom reports blowout earnings but warns of a coming slowdown","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,".IXIC":0.9,".SPX":0.9,"ESmain":0.9,"IVV":0.9,"OEF":0.9,"OEX":0.9,"SDS":0.9,"SH":0.9,"SPXU":0.9,"SPY":0.9,"SSO":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885339514,"gmtCreate":1631755725738,"gmtModify":1631891106670,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Up up up Tiger&nbsp;","listText":"Up up up Tiger&nbsp;","text":"Up up up Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/885339514","repostId":"2167592712","repostType":4,"isVote":1,"tweetType":1,"viewCount":1586,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192279216,"gmtCreate":1621213652635,"gmtModify":1634193370922,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/192279216","repostId":"2135984810","repostType":4,"isVote":1,"tweetType":1,"viewCount":435,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886507513,"gmtCreate":1631602146332,"gmtModify":1631891106682,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Ohh&nbsp;","listText":"Ohh&nbsp;","text":"Ohh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/886507513","repostId":"1108271883","repostType":4,"isVote":1,"tweetType":1,"viewCount":1594,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813260788,"gmtCreate":1630205568944,"gmtModify":1704957008928,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/813260788","repostId":"1129129956","repostType":4,"repost":{"id":"1129129956","kind":"news","pubTimestamp":1630201285,"share":"https://www.laohu8.com/m/news/1129129956?lang=&edition=full","pubTime":"2021-08-29 09:41","market":"us","language":"en","title":"This Unloved Tech Stock Could Make You Rich One Day","url":"https://stock-news.laohu8.com/highlight/detail?id=1129129956","media":"Motley Fool","summary":"The iBuying business is a race to grow larger, and Opendoor is winning.The company is growing at a rate that is two years ahead of what management projected just a year earlier.The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.Real estate iBuying company Opendoor Technologieshas been executing at a high level in the three quarters since coming public via a special purpose acquisition company  merger. In a race to disrupt residential ","content":"<p>Key Points</p>\n<ul>\n <li>The iBuying business is a race to grow larger, and Opendoor is winning.</li>\n <li>The company is growing at a rate that is two years ahead of what management projected just a year earlier.</li>\n <li>The market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.</li>\n</ul>\n<p></p>\n<p>Real estate iBuying company&nbsp;<b>Opendoor Technologies</b>(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.</p>\n<p>Despite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.</p>\n<h3>1. Opendoor is winning the iBuying battle</h3>\n<p>The traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.</p>\n<p>Opendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.</p>\n<p>After seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including&nbsp;<b>Zillow Group</b>&nbsp;and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.</p>\n<p>According to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.</p>\n<h3>2. Revenue growth is ahead of schedule</h3>\n<p>When companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.</p>\n<p>Fast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"</p>\n<p>In other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.</p>\n<h3>3. SPACs are out of favor with the market... opportunity?</h3>\n<p>Investors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.</p>\n<p>Investors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.</p>\n<p>But if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.</p>\n<p>Competitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.</p>\n<h3>Here's the bottom line</h3>\n<p>Real estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"<b>Amazon</b>\" of home buying, but what seems certain is that the company is&nbsp;poised to be a big player&nbsp;in real estate's future if it keeps performing like this.</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>This Unloved Tech Stock Could Make You Rich One Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Unloved Tech Stock Could Make You Rich One Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-29 09:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Points\n\nThe iBuying business is a race to grow larger, and Opendoor is winning.\nThe company is growing at a rate that is two years ahead of what management projected just a year earlier.\nThe ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OPEN":"Opendoor Technologies Inc"},"source_url":"https://www.fool.com/investing/2021/08/28/this-unloved-tech-stock-may-make-you-rich-one-day/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129129956","content_text":"Key Points\n\nThe iBuying business is a race to grow larger, and Opendoor is winning.\nThe company is growing at a rate that is two years ahead of what management projected just a year earlier.\nThe market is bearish on virtually all SPACs, making Opendoor a bargain that could eventually bring huge returns.\n\n\nReal estate iBuying company Opendoor Technologies(NASDAQ:OPEN)has been executing at a high level in the three quarters since coming public via a special purpose acquisition company (SPAC) merger. In a race to disrupt residential real estate, one of the largest markets in the world, Opendoor's long-term potential could bring big returns for patient investors.\nDespite the upside, the market hasn't yet appreciated Opendoor's accomplishments; the stock is down more than 50% from its highs. There are three important clues that Opendoor could be a compelling investment idea for bold investors.\n1. Opendoor is winning the iBuying battle\nThe traditional home-buying process in the United States is slow and handled by multiple parties, including agents, lawyers, inspectors, and bankers. This creates a lot of back and forth paperwork and drags the process out to more than 30 days, on average.\nOpendoor pioneered the concept of \"iBuying,\" where the buying and selling of a house are digitized, and a company like Opendoor works directly with sellers to provide them with a cash offer and a digital closing process. The company then resells the house on the market. The iBuying process cuts out agents and some of the fees associated with traditional closings, such as agent commissions. Opendoor then resells the house on the market and charges a service fee of up to 5% on the transaction.\nAfter seeing Opendoor steadily grow with its iBuying concept, competitors have also begun to offer iBuying services, including Zillow Group and Offerpad. Because of how capital intensive the business is (a lot of money is needed to buy and sell thousands of houses) and how price competitive the housing market is, these companies are racing to get as big as possible. As the companies buy and sell more homes, they have the ability to become more profitable by leveraging outsourced contractors to save money, and its pricing algorithm improves as it sees more transactions.\nAccording to iBuyerStats, a website dedicated to tracking the competitors found in iBuying, Opendoor has consistently had the most housing inventory available for sale. It currently has roughly 3,300 houses for sale, 53% more than Zillow and more than four times as many as Offerpad.\n2. Revenue growth is ahead of schedule\nWhen companies go public viaSPACmerger, they lay out a public presentation of their business, often including long-term growth projections. Opendoor laid out its pre-merger investor presentation about a year ago, in September 2020.\nFast forward to the company's recent 2021 Q2 earnings call. CEO and founder Eric Wu said on the earnings call, \"... based on our current progress, our second half revenue run rate is on track to exceed our 2023 target, a full two years ahead of plan.\"\nIn other words, if Opendoor were to operate for 12 months at the level the business currently is, it would surpass the $9.8 billion in revenue it projected for 2023. This is an underlooked point because if Opendoor is already two years ahead of its original growth curve, where will it be by 2023? Sure, a dip in the housing market or other events could disrupt the company's speed of growth, but Opendoor is showing the world that the business is operating at a high level.\n3. SPACs are out of favor with the market... opportunity?\nInvestors have overlooked this strong performance, focusing instead on the fact that Opendoor joined the public market via SPAC merger. It has hardly mattered what operating results or earnings have looked like for former SPACs; the stock market has been selling off virtually all SPAC-based stocks for several months now.\nInvestors have been spooked by a handful of \"bad apple\" companies turning up fraudulent, and other companies have wildly missed on the projections they made before going public. These instances have burned those involved, and investors have taken a much more cautious attitude toward SPACs as a whole.\nBut if companies like Opendoor keep blowing away estimates, the market is likely to come around eventually. When it does, the stock price could move aggressively. If we take Eric Wu's comments about revenue and assume that Opendoor does sales of $10 billion in 2022 (in other words, Opendoor stops growing and maintains its current pace over the following year), the stock currently trades at aprice-to-sales(P/S) ratio of just 1.0. That's a bargain-bin valuation.\nCompetitor Zillow Group trades at a P/S ratio of more than 3, reflecting Opendoor's discount as a former SPAC.\nHere's the bottom line\nReal estate is a huge market, and it's a complicated industry because of the clash between traditional agents and the \"new kids\" on the block trying to bring technology into homebuying. It's too early to say that Opendoor will become the \"Amazon\" of home buying, but what seems certain is that the company is poised to be a big player in real estate's future if it keeps performing like this.","news_type":1,"symbols_score_info":{"OPEN":0.9}},"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813345600,"gmtCreate":1630139173500,"gmtModify":1704956487133,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Like 👍","listText":"Like 👍","text":"Like 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/813345600","repostId":"2162733980","repostType":4,"isVote":1,"tweetType":1,"viewCount":731,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892183371,"gmtCreate":1628643723493,"gmtModify":1633745477111,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/892183371","repostId":"1113659361","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":800913376,"gmtCreate":1627270990895,"gmtModify":1633766648794,"author":{"id":"3582360052677778","authorId":"3582360052677778","name":"ShirlySuet","avatar":"https://static.tigerbbs.com/57d93e0a20280806b45e744b5e2a11cb","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582360052677778","authorIdStr":"3582360052677778"},"themes":[],"htmlText":"Ohh","listText":"Ohh","text":"Ohh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/800913376","repostId":"1173755938","repostType":4,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}