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- ZaviersoonZaviersoon
  ·2021-09-29
  Nice
  Some hot EV stocks rallied in morning trading
  Some hot EV stocks rallied in morning trading.Tesla,Nio,Xpeng Motors, Li Auto,Lucid,Nikola and Lords
  Some hot EV stocks rallied in morning trading
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- ZaviersoonZaviersoon
  ·2021-09-29
  Thanks for sharing
  非常抱歉，此主贴已删除
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- ZaviersoonZaviersoon
  ·2021-09-27
  Nice
  非常抱歉，此主贴已删除
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- ZaviersoonZaviersoon
  ·2021-06-18
  Nice
  非常抱歉，此主贴已删除
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- ZaviersoonZaviersoon
  ·2021-06-17
  Like and comment please
  非常抱歉，此主贴已删除
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- ZaviersoonZaviersoon
  ·2021-06-14
  Nice
  非常抱歉，此主贴已删除
  786 评论
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- ZaviersoonZaviersoon
  ·2021-06-12
  Hahahah
  非常抱歉，此主贴已删除
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- ZaviersoonZaviersoon
  ·2021-06-10
  Thanks for sharing
  2 More Stocks Just Joined the Meme Stock Revolution
  It's not just about GameStop and AMC anymore. Thestock marketon Wednesday stayed largely in the sam
  2 More Stocks Just Joined the Meme Stock Revolution
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- ZaviersoonZaviersoon
  ·2021-06-05
  Like and comment
  The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening
  Investors may need to consider private equity to capture the returns that publicly traded stocks hav
  The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening
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- ZaviersoonZaviersoon
  ·2021-06-04
  Thanks for sharing
  非常抱歉，此主贴已删除
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deliveries on accelerating EV demand, Musk and Co could deliver 150k vehicles in September alone.</p>\n<p>U.S. startup Lucid Group Inc&nbsp;said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October.</p>\n<p>Lucid Group is on track to meet its production targets for 2022 and 2023 and is pushing to achieve this year's goal of 577 vehicles, its chief executive said.</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>Some hot EV stocks rallied in morning trading</title>\n<style 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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\">\nSome hot EV stocks rallied in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-29 21:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some hot EV stocks rallied in morning trading.Tesla,Nio,Xpeng Motors, Li Auto,Lucid,Nikola&nbsp;and&nbsp;Lordstown&nbsp;climbed between 1% and 13%.</p>\n<p><img src=\"https://static.tigerbbs.com/9c1e1472c9d7e5d7c5b97601195415ed\" tg-width=\"403\" tg-height=\"422\" referrerpolicy=\"no-referrer\"></p>\n<p>Wedbush expects Tesla&nbsp;have&nbsp;a&nbsp;strong 3Q deliveries on accelerating EV demand, Musk and Co could deliver 150k vehicles in September alone.</p>\n<p>U.S. startup Lucid Group Inc&nbsp;said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October.</p>\n<p>Lucid Group is on track to meet its production targets for 2022 and 2023 and is pushing to achieve this year's goal of 577 vehicles, its chief executive said.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","LI":"理想汽车","NIO":"蔚来","XPEV":"小鹏汽车","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120133380","content_text":"Some hot EV stocks rallied in morning trading.Tesla,Nio,Xpeng Motors, Li Auto,Lucid,Nikola and Lordstown climbed between 1% and 13%.\n\nWedbush expects Tesla have a strong 3Q deliveries on accelerating EV demand, Musk and Co could deliver 150k vehicles in September alone.\nU.S. startup Lucid Group Inc said on Tuesday it will start delivering luxury electric sedans with a Tesla-beating driving range in late October.\nLucid Group is on track to meet its production targets for 2022 and 2023 and is pushing to achieve this year's goal of 577 vehicles, its chief executive said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":862217419,"gmtCreate":1632881213871,"gmtModify":1632881213973,"author":{"id":"3571022030952688","authorId":"3571022030952688","name":"Zaviersoon","avatar":"https://static.tigerbbs.com/50efd1266568e40901884688bc954ba0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571022030952688","authorIdStr":"3571022030952688"},"themes":[],"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/862217419","repostId":"1179744266","repostType":4,"isVote":1,"tweetType":1,"viewCount":1064,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":868771363,"gmtCreate":1632708394052,"gmtModify":1632798406259,"author":{"id":"3571022030952688","authorId":"3571022030952688","name":"Zaviersoon","avatar":"https://static.tigerbbs.com/50efd1266568e40901884688bc954ba0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571022030952688","authorIdStr":"3571022030952688"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/868771363","repostId":"2170482176","repostType":4,"isVote":1,"tweetType":1,"viewCount":953,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":168426607,"gmtCreate":1623981464409,"gmtModify":1634024781654,"author":{"id":"3571022030952688","authorId":"3571022030952688","name":"Zaviersoon","avatar":"https://static.tigerbbs.com/50efd1266568e40901884688bc954ba0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571022030952688","authorIdStr":"3571022030952688"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/168426607","repostId":"2144286417","repostType":4,"isVote":1,"tweetType":1,"viewCount":1055,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163777844,"gmtCreate":1623895069088,"gmtModify":1634026236961,"author":{"id":"3571022030952688","authorId":"3571022030952688","name":"Zaviersoon","avatar":"https://static.tigerbbs.com/50efd1266568e40901884688bc954ba0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571022030952688","authorIdStr":"3571022030952688"},"themes":[],"htmlText":"Like and comment please&nbsp;","listText":"Like and comment please&nbsp;","text":"Like and comment 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for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/183193970","repostId":"1144251014","repostType":4,"repost":{"id":"1144251014","kind":"news","pubTimestamp":1623312646,"share":"https://www.laohu8.com/m/news/1144251014?lang=&edition=full","pubTime":"2021-06-10 16:10","market":"us","language":"en","title":"2 More Stocks Just Joined the Meme Stock Revolution","url":"https://stock-news.laohu8.com/highlight/detail?id=1144251014","media":"Motley Fool","summary":"It's not just about GameStop and AMC anymore.\n\nThestock marketon Wednesday stayed largely in the sam","content":"<blockquote>\n <b>It's not just about GameStop and AMC anymore.</b>\n</blockquote>\n<p>Thestock marketon Wednesday stayed largely in the same pattern it has followed for quite a while now, with major market benchmarks mostly mixed and not straying too far from where they started the day. As of 1:45 p.m. EDT, the<b>Dow Jones Industrial Average</b>(DJINDICES:^DJI)was down 55 points to 34,544. However, the<b>S&amp;P 500</b>(SNPINDEX:^GSPC)managed to pick up 3 points to 4,231, approaching a potential record close, and the<b>Nasdaq Composite</b>(NASDAQINDEX:^IXIC)added 36 points to 13,961.</p>\n<p>So-called meme stocks like<b>GameStop</b>and<b>AMC Entertainment Holdings</b>have been in the spotlight for quite a while, with huge gains in January having put them on the map and a recent revival once again raising awareness of the stocks. And some new names are getting added to the list of stocks that retail investors are paying close attention to. Today,<b>GEO Group</b>(NYSE:GEO)and<b>Clean Energy Fuels</b>(NASDAQ:CLNE)saw their shares soar as they came into the spotlight. Below, we'll look more at their businesses and what's behind the moves.</p>\n<p><b>GEO gets a big bounce</b></p>\n<p>Shares of GEO Group were up more than 55% on Wednesday afternoon. The private prison operator has found itself in a broad decline for years now, but today's bump up came as investors looked at sizable short interest in the company's shares.</p>\n<p>GEO Group's long-term drop stemmed from the growing sentiment against private prison operators. In particular, changing attitudes in Washington led the Justice Department to stop using the services, and many states have considered similar measures for their own prison populations. Moreover, with unique exposure to issues related to the pandemic, GEO Group has raised some risk-management concerns among some investors.</p>\n<p>However,GEO Group actually saw its bottom line perk upin its most recent quarter. The company is also considering some major strategic decisions, including potentially giving up its status as a real estate investment trust (REIT) in order to give it more flexibility with respect to capital allocation. REITs are required to distribute nearly all of their profits in order to retain favorable tax status, which limits their ability to reinvest in their own businesses without raising capital.</p>\n<p>With short interest making up roughly a third of shares outstanding as of mid-May, according to Yahoo! Finance, GEO Group meets the qualifications for a potential short squeeze. That's been the strategy for identifying meme stocks, and it'll be interesting to see if GEO catches on as well as GameStop and others have.</p>\n<p><b>Cleaning up</b></p>\n<p>Elsewhere, shares of Clean Energy Fuels were up 27%. The natural-gas fueling network provider has been stuck in the doldrums for years, but recent gains have investors looking more closely at the company once again.</p>\n<p>Institutional investors have been skeptical of Clean Energy Fuels' long-term strategy, but not for the reasons you might expect. The company has actually done a reasonably good job of bringing on customers, with the high-profile signing of an agreement with<b>Amazon</b>(NASDAQ:AMZN)perhaps the biggest deal for the small supplier of natural-gas fueling stations.</p>\n<p>The problem, though, is thatClean Energy has had to make big concessionsto sign deals. For instance, the Amazon agreement gave the e-commerce giant huge numbers of options to purchase shares. That would seem to cap potential future gains, because if Amazon exercises its options, the resulting new shares would dilute existing shareholders.</p>\n<p>Clean Energy Fuels is in a promising business. If it can do better on the execution front and land more deals with better terms, then it could justify gains like this in the long run.</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>2 More Stocks Just Joined the Meme Stock Revolution</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\">\n2 More Stocks Just Joined the Meme Stock Revolution\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 16:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/09/2-more-stocks-just-joined-the-meme-stock-revolutio/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's not just about GameStop and AMC anymore.\n\nThestock marketon Wednesday stayed largely in the same pattern it has followed for quite a while now, with major market benchmarks mostly mixed and not ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/09/2-more-stocks-just-joined-the-meme-stock-revolutio/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GEO":"GEO惩教集团","CLNE":"Clean Energy Fuels Corp"},"source_url":"https://www.fool.com/investing/2021/06/09/2-more-stocks-just-joined-the-meme-stock-revolutio/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144251014","content_text":"It's not just about GameStop and AMC anymore.\n\nThestock marketon Wednesday stayed largely in the same pattern it has followed for quite a while now, with major market benchmarks mostly mixed and not straying too far from where they started the day. As of 1:45 p.m. EDT, theDow Jones Industrial Average(DJINDICES:^DJI)was down 55 points to 34,544. However, theS&P 500(SNPINDEX:^GSPC)managed to pick up 3 points to 4,231, approaching a potential record close, and theNasdaq Composite(NASDAQINDEX:^IXIC)added 36 points to 13,961.\nSo-called meme stocks likeGameStopandAMC Entertainment Holdingshave been in the spotlight for quite a while, with huge gains in January having put them on the map and a recent revival once again raising awareness of the stocks. And some new names are getting added to the list of stocks that retail investors are paying close attention to. Today,GEO Group(NYSE:GEO)andClean Energy Fuels(NASDAQ:CLNE)saw their shares soar as they came into the spotlight. Below, we'll look more at their businesses and what's behind the moves.\nGEO gets a big bounce\nShares of GEO Group were up more than 55% on Wednesday afternoon. The private prison operator has found itself in a broad decline for years now, but today's bump up came as investors looked at sizable short interest in the company's shares.\nGEO Group's long-term drop stemmed from the growing sentiment against private prison operators. In particular, changing attitudes in Washington led the Justice Department to stop using the services, and many states have considered similar measures for their own prison populations. Moreover, with unique exposure to issues related to the pandemic, GEO Group has raised some risk-management concerns among some investors.\nHowever,GEO Group actually saw its bottom line perk upin its most recent quarter. The company is also considering some major strategic decisions, including potentially giving up its status as a real estate investment trust (REIT) in order to give it more flexibility with respect to capital allocation. REITs are required to distribute nearly all of their profits in order to retain favorable tax status, which limits their ability to reinvest in their own businesses without raising capital.\nWith short interest making up roughly a third of shares outstanding as of mid-May, according to Yahoo! Finance, GEO Group meets the qualifications for a potential short squeeze. That's been the strategy for identifying meme stocks, and it'll be interesting to see if GEO catches on as well as GameStop and others have.\nCleaning up\nElsewhere, shares of Clean Energy Fuels were up 27%. The natural-gas fueling network provider has been stuck in the doldrums for years, but recent gains have investors looking more closely at the company once again.\nInstitutional investors have been skeptical of Clean Energy Fuels' long-term strategy, but not for the reasons you might expect. The company has actually done a reasonably good job of bringing on customers, with the high-profile signing of an agreement withAmazon(NASDAQ:AMZN)perhaps the biggest deal for the small supplier of natural-gas fueling stations.\nThe problem, though, is thatClean Energy has had to make big concessionsto sign deals. For instance, the Amazon agreement gave the e-commerce giant huge numbers of options to purchase shares. That would seem to cap potential future gains, because if Amazon exercises its options, the resulting new shares would dilute existing shareholders.\nClean Energy Fuels is in a promising business. If it can do better on the execution front and land more deals with better terms, then it could justify gains like this in the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":777,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112872878,"gmtCreate":1622863245994,"gmtModify":1634097246655,"author":{"id":"3571022030952688","authorId":"3571022030952688","name":"Zaviersoon","avatar":"https://static.tigerbbs.com/50efd1266568e40901884688bc954ba0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571022030952688","authorIdStr":"3571022030952688"},"themes":[],"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/112872878","repostId":"1162130057","repostType":4,"repost":{"id":"1162130057","kind":"news","pubTimestamp":1622862397,"share":"https://www.laohu8.com/m/news/1162130057?lang=&edition=full","pubTime":"2021-06-05 11:06","market":"us","language":"en","title":"The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening","url":"https://stock-news.laohu8.com/highlight/detail?id=1162130057","media":"MarketWatch","summary":"Investors may need to consider private equity to capture the returns that publicly traded stocks hav","content":"<p>Investors may need to consider private equity to capture the returns that publicly traded stocks have provided</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ab21eb0dc365f342dd26c49af9020305\" tg-width=\"1260\" tg-height=\"840\"><span>GETTY IMAGES</span></p>\n<p>Stock prices can’t indefinitely grow faster than the economy. This provides a crucial reality check for U.S. stock-market bulls, many of whom believe stocks can continue outperforming the U.S. economy in perpetuity. Over the past decade, for example, the S&amp;P 500SPX,+0.88%on an inflation-adjusted total-return basis has outperformed real U.S. GDP by an annualized margin of 11.9% to 2.0%.</p>\n<p>Going forward, it could be the other way around, according to an argument advanced some years ago by Robert Arnott, founder of&nbsp;Research Affiliates, and William Bernstein, co-principal at&nbsp;Efficient Frontier Advisors. They pointed out that a portion of economic growth is attributable to non-public companies, such as startups and the like — a category they refer to as “entrepreneurial capitalism.”</p>\n<p>By definition, economic growth that non-public companies generate will not show up in the stock market— which only reflects the performance of publicly traded corporations. Arnott and Bernstein estimate that share prices historically have grown about two annualized percentage points slower than the overall economy.</p>\n<p>Such slippage has dire implications for the U.S. stock market’s future return. But I want to first discuss why the stock market’s stunning performance over the past decade was not due to economic growth. Instead, the bulk of that performance was due to three factors:</p>\n<ul>\n <li>Valuation changes: The S&amp;P 500’s price/earnings ratio has doubled over the past decade.</li>\n <li>Increasing profit margins: The S&amp;P 500’s operating margin over the past four quarters has averaged nearly two percentage points higher than it was a decade ago, according to data from Howard Silverblatt, senior index analyst at S&amp;P Dow Jones Indices.</li>\n <li>Net buybacks: Over the past decade corporations have repurchased more shares than new shares they have issued. This has reduced the number of shares outstanding, and increased earnings per share.</li>\n</ul>\n<p>To appreciate the impact of these three factors, consider that the S&amp;P 500 now would trade below 1,600 if there had been no change at all over the past decade with each of these three dimensions. While the chance of such a perfect storm is so low that you might be inclined to dismiss it out of hand, Bernstein said in an interview that he wouldn’t discount the possibility.</p>\n<p><b>Projecting the future</b></p>\n<p>The picture this analysis paints about the U.S. stock market’s future isn’t pretty, assuming the U.S. economy grows at the same pace over the next decade as the last. In that case, the only way the market can produce annualized returns greater than the low single-digits is for the P/E ratio and profit margins to continue rising or for net buybacks to continue reducing the number of shares outstanding — or for some combination of these three factors to occur.</p>\n<p>More likely, these three tailwinds will become headwinds. P/E ratios&nbsp;already are at or near the high end of their historical distribution, and they can’t go up forever. Profit margins also are at or near record levels and,as I argued earlier this week, there are good reasons to expect those margins to decline in coming years. While it’s possible that buybacks will outpace share issuance in coming years, that’s hardly a sure bet. Over the past 12 months, for example, there have been negative net buybacks — i.e. more shares have been issued than repurchased. In fact, Arnott pointed out in an email, for most of U.S. stock market history net buybacks have been negative.</p>\n<p>One can also wonder if an even-greater share of economic growth in coming years will accrue to non-public equity. Andrew Karolyi, dean of Cornell University’s SC Johnson College of Business, said in an interview that private equity now plays a much bigger role than in the past. One possible future, he said, is that the growth of the public stock market lags that of the overall economy by an increasing amount.</p>\n<p>One measure of the declining economic importance of the public corporation is the decreasing number of publicly traded companies, as reflected in the chart below. This decline has been overlooked by many on Wall Street, given their focus on the red-hot IPO market. But, as Karolyi pointed out, even as more companies are coming to market, there have also been an increasing number of delistings.</p>\n<p><img src=\"https://static.tigerbbs.com/3de45fd68cb24b2bdf2791d1f6b9fac0\" tg-width=\"1260\" tg-height=\"922\"></p>\n<p>For example, according to Refinitiv, through the end of May 2021 there was more than $1.6 trillion in domestic M&amp;A activity, almost 50% higher than the previous calendar year that held the record for the most M&amp;A activity for the first five months. We need to focus on both IPOs and delistings, Karolyi argued, just as demographers can only analyze population trends by focusing on births and deaths.</p>\n<p>“The role of publicly traded corporations in the overall economy may be changing,” Karolyi said. Their possible life cycle paths are expanding to include many that don’t end in becoming publicly traded, for example, or waiting much longer before doing so. Given the abundant liquidity in the private equity market, he added, it may very well become the preferred exit strategy for many companies that previously would have gone public.</p>\n<p>The bottom line? The past decade was extraordinary for publicly traded U.S. stocks. Don’t expect that to continue indefinitely.</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>The S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 would be below 1,600 without these 3 pillars and those supports are now weakening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-s-p-500-would-be-below-1-600-without-these-3-pillars-and-those-supports-are-now-weakening-11622781972?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors may need to consider private equity to capture the returns that publicly traded stocks have provided\nGETTY IMAGES\nStock prices can’t indefinitely grow faster than the economy. This provides ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-s-p-500-would-be-below-1-600-without-these-3-pillars-and-those-supports-are-now-weakening-11622781972?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",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/the-s-p-500-would-be-below-1-600-without-these-3-pillars-and-those-supports-are-now-weakening-11622781972?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162130057","content_text":"Investors may need to consider private equity to capture the returns that publicly traded stocks have provided\nGETTY IMAGES\nStock prices can’t indefinitely grow faster than the economy. This provides a crucial reality check for U.S. stock-market bulls, many of whom believe stocks can continue outperforming the U.S. economy in perpetuity. Over the past decade, for example, the S&P 500SPX,+0.88%on an inflation-adjusted total-return basis has outperformed real U.S. GDP by an annualized margin of 11.9% to 2.0%.\nGoing forward, it could be the other way around, according to an argument advanced some years ago by Robert Arnott, founder of Research Affiliates, and William Bernstein, co-principal at Efficient Frontier Advisors. They pointed out that a portion of economic growth is attributable to non-public companies, such as startups and the like — a category they refer to as “entrepreneurial capitalism.”\nBy definition, economic growth that non-public companies generate will not show up in the stock market— which only reflects the performance of publicly traded corporations. Arnott and Bernstein estimate that share prices historically have grown about two annualized percentage points slower than the overall economy.\nSuch slippage has dire implications for the U.S. stock market’s future return. But I want to first discuss why the stock market’s stunning performance over the past decade was not due to economic growth. Instead, the bulk of that performance was due to three factors:\n\nValuation changes: The S&P 500’s price/earnings ratio has doubled over the past decade.\nIncreasing profit margins: The S&P 500’s operating margin over the past four quarters has averaged nearly two percentage points higher than it was a decade ago, according to data from Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.\nNet buybacks: Over the past decade corporations have repurchased more shares than new shares they have issued. This has reduced the number of shares outstanding, and increased earnings per share.\n\nTo appreciate the impact of these three factors, consider that the S&P 500 now would trade below 1,600 if there had been no change at all over the past decade with each of these three dimensions. While the chance of such a perfect storm is so low that you might be inclined to dismiss it out of hand, Bernstein said in an interview that he wouldn’t discount the possibility.\nProjecting the future\nThe picture this analysis paints about the U.S. stock market’s future isn’t pretty, assuming the U.S. economy grows at the same pace over the next decade as the last. In that case, the only way the market can produce annualized returns greater than the low single-digits is for the P/E ratio and profit margins to continue rising or for net buybacks to continue reducing the number of shares outstanding — or for some combination of these three factors to occur.\nMore likely, these three tailwinds will become headwinds. P/E ratios already are at or near the high end of their historical distribution, and they can’t go up forever. Profit margins also are at or near record levels and,as I argued earlier this week, there are good reasons to expect those margins to decline in coming years. While it’s possible that buybacks will outpace share issuance in coming years, that’s hardly a sure bet. Over the past 12 months, for example, there have been negative net buybacks — i.e. more shares have been issued than repurchased. In fact, Arnott pointed out in an email, for most of U.S. stock market history net buybacks have been negative.\nOne can also wonder if an even-greater share of economic growth in coming years will accrue to non-public equity. Andrew Karolyi, dean of Cornell University’s SC Johnson College of Business, said in an interview that private equity now plays a much bigger role than in the past. One possible future, he said, is that the growth of the public stock market lags that of the overall economy by an increasing amount.\nOne measure of the declining economic importance of the public corporation is the decreasing number of publicly traded companies, as reflected in the chart below. This decline has been overlooked by many on Wall Street, given their focus on the red-hot IPO market. But, as Karolyi pointed out, even as more companies are coming to market, there have also been an increasing number of delistings.\n\nFor example, according to Refinitiv, through the end of May 2021 there was more than $1.6 trillion in domestic M&A activity, almost 50% higher than the previous calendar year that held the record for the most M&A activity for the first five months. We need to focus on both IPOs and delistings, Karolyi argued, just as demographers can only analyze population trends by focusing on births and deaths.\n“The role of publicly traded corporations in the overall economy may be changing,” Karolyi said. Their possible life cycle paths are expanding to include many that don’t end in becoming publicly traded, for example, or waiting much longer before doing so. Given the abundant liquidity in the private equity market, he added, it may very well become the preferred exit strategy for many companies that previously would have gone public.\nThe bottom line? The past decade was extraordinary for publicly traded U.S. stocks. Don’t expect that to continue indefinitely.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116900291,"gmtCreate":1622768215613,"gmtModify":1634098239579,"author":{"id":"3571022030952688","authorId":"3571022030952688","name":"Zaviersoon","avatar":"https://static.tigerbbs.com/50efd1266568e40901884688bc954ba0","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571022030952688","authorIdStr":"3571022030952688"},"themes":[],"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/116900291","repostId":"1177123355","repostType":4,"isVote":1,"tweetType":1,"viewCount":1129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}