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LINXIAOYUAN
LINXIAOYUAN
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2021-06-17
Bbnn
Wait Until Meme Stock Wave Passes Before Buying Clover Health
A recent big-bank analyst's downgrade of CLOV stock underscores the risks involved It’s amazing to c
Wait Until Meme Stock Wave Passes Before Buying Clover Health
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2021-06-17
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Intel CEO sees ’10 good years’ of chip industry growth
KEY POINTS Intel CEO Pat Gelsinger said that he expects 10 “good years” of growth in the semiconduc
Intel CEO sees ’10 good years’ of chip industry growth
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CLOV stock was completely under the radar not too long ago, but things can change quickly in this fast-paced market.</p>\n<p>As you may recall, Clover Health announced its plans to go public via a merger with special purpose acquisition company (SPAC) <b>Social Capital Hedosophia Holdings III</b>.</p>\n<p>That company traded as IPOC stock, but that’s gone now and we have CLOV stock in its place. It was an attention-grabbing event because Social Capital Hedosophia Holdings III was sponsored by none other than Chamath Palihapitiya (a.k.a., the SPAC Lord).</p>\n<p>So much has happened since then. From hype-tastic debut to SPAC-tacular failure – and now the meme target du jour – there’s an awful lot to unpack here. Ready to take a roller coaster ride?</p>\n<p><b>A Closer Look at CLOV Stock</b></p>\n<p>Prior to the aforementioned reverse merger announcement in October 2020, CLOV/IPOC stock stayed close to the $10 level.</p>\n<p>However, that announcement gave the stock a jolt, and it finished the year at nearly $17.</p>\n<p>SPAC mania faded somewhat in early 2021, and so did the Clover Health share price. In May, the stock bottomed out near $7.</p>\n<p>That’s mind-blowing, if you think about it. The post-merger disappointment was so severe that CLOV stock dropped below the pre-merger-announcement price.</p>\n<p>Come to think of it, I probably should have reserved the term “mind-blowing” for what happened next.</p>\n<p>With hardly any warning, the Clover Health share price shot up like a rocket, reaching a 52-week high of $28.85 on June 9.</p>\n<p>That moon shot was clearly unsustainable, as CLOV stock soon retraced nearly half of that move. As of June 11, it was trading at $15.03.</p>\n<p><b>Credit Reddit</b></p>\n<p>So, what the heck happened in June? Was there some spectacular news development involving Clover Health? A game-changing innovation, or perhaps a blockbuster earnings report?</p>\n<p>The answer is: none of the above. Like it or not, we must credit Reddit for the wild pop in CLOV stock.</p>\n<p>The irony runs deep here. In January, the stock tanked after <b>Hindenburg Research</b> suggested that Clover Health had used questionable tactics to lure retail investors into purchasing the company’s shares.</p>\n<p>And now, there’s no need to lure people into the trade as they’re gladly jumping in, often without conducting the proper due diligence.</p>\n<p>Maybe we all should have seen this coming. After all, CLOV stock checked all of the right boxes for a Reddit short-squeeze target:</p>\n<ul>\n <li>Low-priced stock</li>\n <li>High short interest</li>\n <li>Float isn’t too large</li>\n <li>Not a blue-chip stock</li>\n <li>Company has underdog status</li>\n</ul>\n<p><b>A Devastating Downgrade</b></p>\n<p>I have to admit, I like the idea of betting on an underdog. Still, I believe it’s wise to wait until the volatility passes before taking a position.</p>\n<p>Moreover, we might expect the analyst community to issue downgrades on CLOV stock. In fact, one big-bank analyst has already weighed in with a not-too-optimistic outlook.</p>\n<p>Recently, Bank of America analysts downgraded their rating on Clover Health from “neutral” (which is similar to “hold”) to “underperform” (similar to “sell”).</p>\n<p>On top of that, they assigned a $10 price target to CLOV stock. That’s pretty devastating, as it implies a 33% haircut if the stock is trading at around $15.</p>\n<p>Bank of America analyst Kevin Fischbeck cited comparative valuation concerns:</p>\n<blockquote>\n “After the recent spike in CLOV, we are downgrading [because] the company is now trading at a 70% premium to ALHC [its closest comparable stock] despite a similar growth profile and lower near term margin trajectory.”\n</blockquote>\n<p><b>The Bottom Line</b></p>\n<p>Fischbeck’s point is well taken. The current price of Clover Health shares isn’t necessarily justified by the company’s fiscal standing.</p>\n<p>And beyond that, there’s nothing wrong with sitting on the sidelines and enjoying the fireworks from afar – which also means avoiding any potential injuries.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wait Until Meme Stock Wave Passes Before Buying Clover Health</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\">\nWait Until Meme Stock Wave Passes Before Buying Clover Health\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 10:50 GMT+8 <a href=https://investorplace.com/2021/06/wait-until-meme-stock-wave-passes-before-buying-clov-stock/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A recent big-bank analyst's downgrade of CLOV stock underscores the risks involved\nIt’s amazing to consider that next-generation Medicare Advantage insurer Clover Health (NASDAQ:CLOV) would become the...</p>\n\n<a href=\"https://investorplace.com/2021/06/wait-until-meme-stock-wave-passes-before-buying-clov-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://investorplace.com/2021/06/wait-until-meme-stock-wave-passes-before-buying-clov-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166743946","content_text":"A recent big-bank analyst's downgrade of CLOV stock underscores the risks involved\nIt’s amazing to consider that next-generation Medicare Advantage insurer Clover Health (NASDAQ:CLOV) would become the focus of so much attention. CLOV stock was completely under the radar not too long ago, but things can change quickly in this fast-paced market.\nAs you may recall, Clover Health announced its plans to go public via a merger with special purpose acquisition company (SPAC) Social Capital Hedosophia Holdings III.\nThat company traded as IPOC stock, but that’s gone now and we have CLOV stock in its place. It was an attention-grabbing event because Social Capital Hedosophia Holdings III was sponsored by none other than Chamath Palihapitiya (a.k.a., the SPAC Lord).\nSo much has happened since then. From hype-tastic debut to SPAC-tacular failure – and now the meme target du jour – there’s an awful lot to unpack here. Ready to take a roller coaster ride?\nA Closer Look at CLOV Stock\nPrior to the aforementioned reverse merger announcement in October 2020, CLOV/IPOC stock stayed close to the $10 level.\nHowever, that announcement gave the stock a jolt, and it finished the year at nearly $17.\nSPAC mania faded somewhat in early 2021, and so did the Clover Health share price. In May, the stock bottomed out near $7.\nThat’s mind-blowing, if you think about it. The post-merger disappointment was so severe that CLOV stock dropped below the pre-merger-announcement price.\nCome to think of it, I probably should have reserved the term “mind-blowing” for what happened next.\nWith hardly any warning, the Clover Health share price shot up like a rocket, reaching a 52-week high of $28.85 on June 9.\nThat moon shot was clearly unsustainable, as CLOV stock soon retraced nearly half of that move. As of June 11, it was trading at $15.03.\nCredit Reddit\nSo, what the heck happened in June? Was there some spectacular news development involving Clover Health? A game-changing innovation, or perhaps a blockbuster earnings report?\nThe answer is: none of the above. Like it or not, we must credit Reddit for the wild pop in CLOV stock.\nThe irony runs deep here. In January, the stock tanked after Hindenburg Research suggested that Clover Health had used questionable tactics to lure retail investors into purchasing the company’s shares.\nAnd now, there’s no need to lure people into the trade as they’re gladly jumping in, often without conducting the proper due diligence.\nMaybe we all should have seen this coming. After all, CLOV stock checked all of the right boxes for a Reddit short-squeeze target:\n\nLow-priced stock\nHigh short interest\nFloat isn’t too large\nNot a blue-chip stock\nCompany has underdog status\n\nA Devastating Downgrade\nI have to admit, I like the idea of betting on an underdog. Still, I believe it’s wise to wait until the volatility passes before taking a position.\nMoreover, we might expect the analyst community to issue downgrades on CLOV stock. In fact, one big-bank analyst has already weighed in with a not-too-optimistic outlook.\nRecently, Bank of America analysts downgraded their rating on Clover Health from “neutral” (which is similar to “hold”) to “underperform” (similar to “sell”).\nOn top of that, they assigned a $10 price target to CLOV stock. That’s pretty devastating, as it implies a 33% haircut if the stock is trading at around $15.\nBank of America analyst Kevin Fischbeck cited comparative valuation concerns:\n\n “After the recent spike in CLOV, we are downgrading [because] the company is now trading at a 70% premium to ALHC [its closest comparable stock] despite a similar growth profile and lower near term margin trajectory.”\n\nThe Bottom Line\nFischbeck’s point is well taken. The current price of Clover Health shares isn’t necessarily justified by the company’s fiscal standing.\nAnd beyond that, there’s nothing wrong with sitting on the sidelines and enjoying the fireworks from afar – which also means avoiding any potential injuries.","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161974677,"gmtCreate":1623903241199,"gmtModify":1634026080370,"author":{"id":"3585208784622595","authorId":"3585208784622595","name":"LINXIAOYUAN","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3585208784622595","authorIdStr":"3585208784622595"},"themes":[],"htmlText":"Ho","listText":"Ho","text":"Ho","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161974677","repostId":"1185234443","repostType":4,"repost":{"id":"1185234443","kind":"news","pubTimestamp":1623901625,"share":"https://www.laohu8.com/m/news/1185234443?lang=&edition=full","pubTime":"2021-06-17 11:47","market":"us","language":"en","title":"Intel CEO sees ’10 good years’ of chip industry growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1185234443","media":"CNBC","summary":"KEY POINTS\n\nIntel CEO Pat Gelsinger said that he expects 10 “good years” of growth in the semiconduc","content":"<div>\n<p>KEY POINTS\n\nIntel CEO Pat Gelsinger said that he expects 10 “good years” of growth in the semiconductor industry during a panel at CNBC’s Evolve conference on Wednesday.\nThe remark suggests that Intel...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/intel-ceo-sees-10-good-years-of-chip-industry-growth.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intel CEO sees ’10 good years’ of chip industry growth</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\">\nIntel CEO sees ’10 good years’ of chip industry growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 11:47 GMT+8 <a href=https://www.cnbc.com/2021/06/16/intel-ceo-sees-10-good-years-of-chip-industry-growth.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nIntel CEO Pat Gelsinger said that he expects 10 “good years” of growth in the semiconductor industry during a panel at CNBC’s Evolve conference on Wednesday.\nThe remark suggests that Intel...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/16/intel-ceo-sees-10-good-years-of-chip-industry-growth.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.cnbc.com/2021/06/16/intel-ceo-sees-10-good-years-of-chip-industry-growth.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1185234443","content_text":"KEY POINTS\n\nIntel CEO Pat Gelsinger said that he expects 10 “good years” of growth in the semiconductor industry during a panel at CNBC’s Evolve conference on Wednesday.\nThe remark suggests that Intel’s investments in chip production, such as plans to spend $20 billion to build a chip fabrication plant in Arizona, will create capacity that will be used even after the current global microchip shortage abates.\nQualcomm CEO Cristiano Amon said he sees an opportunity to partner with Intel and its foundry service.\n\nPat Gelsinger, CEO of Intel, speaks in Santa Monica, Calif., on March 9, 2017, in a photo taken when he was CEO of VMware.\nIntel CEO Pat Gelsinger said that he expects 10 “good years” of growth in the semiconductor industry during a panel at CNBC’s Evolve conference on Wednesday.\n“We believe the market, the world, is in a very expansionary period,” Gelsinger told CNBC’s Jon Fortt. “I predict there’s 10 good years in front of us, because the world is becoming more digital, and everything digital needs semiconductors.”\nThe remark suggests that Intel’s investments in chip production, such as plans to spend $20 billion to build a chip fabrication plant in Arizona, will create capacity that will be used even after the current global microchip shortage abates. Intel also recently announced plans to become a “foundry,” or a company that manufactures microchips for other companies.\nGelsinger said Intel planned to announce an additional “mega fab” in the U.S. or Europe before the end of the year.\nGelsinger was appearing at a CNBC panel alongside Qualcomm CEO Cristiano Amon. Both started leading their companies earlier this year.\nWhile the companies are rivals, the CEOs downplayed the competition, and suggested the two chipmakers could end up partnering in areas where they don’t overlap. Qualcomm makes (among other things) chips that connect to 5G networks, while Intel mainly builds central processing units (CPUs) that provide base computing power.\n“You know, we are the unquestioned compute leader, and Qualcomm’s the unquestioned comms leader. Compute meets comms. Right, a lot of new use cases,” Gelsinger said.\nAmon said that he believed that Intel’s foundry plan could be an advantage for Qualcomm, which uses outside foundries to make its chips.\n“There’s a lot of opportunities for the companies to cooperate. Look, we look at Intel and Qualcomm at true technology companies in the United States, we do a lot of advanced and fundamental research to push the industry forward,” Amon said.\nThe two companies do share some strategic concerns. They are both likely to be boosted by a package included in a technology bill currently in the U.S. House of Representatives that would provide $52 billion to fund semiconductor research, design and manufacturing.\n“We’re also very happy about building a much more resilient supply chain, with the on-shoring of semiconductor manufacturing, I think that’s also very important,” Amon said. “You need investment at this order of magnitude for that to happen.”\nBoth companies are also closely watching rival Nvidia’s purchase of Arm from SoftBank for $40 billion. Arm technology is especially important for Qualcomm, because it is essential for designing the kind of low-power microprocessors smartphones use.\nThe deal is also making chip companies nervous that they would need to license essential intellectual property from a competitor, and is facing regulatory challenges in Europe. Currently, Arm doesn’t make any full chips — it just designs underlying technology. On Monday, an Arm spokesperson told CNBC that the company is “extremely confident” that the deal will be approved.\nOver the weekend,Amon told a U.K. newspaper that if the transaction was blocked or Arm otherwise stayed independent, Qualcomm would be interested in investing in Arm.\nWhen asked about Amon’s comment, Gelsinger said: “We are on record saying we’re concerned about the Nvidia-Arm acquisition. And if there were other approaches possible, we’d definitely be interested in understanding them.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}