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2021-07-24

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

2021-07-01

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Marathon Digital: Growth Outlook Keeps Us Bullish

2021-04-11

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2021-05-19

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4 Things to Know Ahead of the Squarespace’s Direct Listing

2021-02-16

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With Biden going big, Wall Street economists are growing bullish on the US economy

2021-02-08

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2021-06-18

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2021-03-26

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2021-05-08

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Cheap Stocks To Buy? 4 Cloud Computing Stocks To Know

2021-04-22

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Eggs for Extra Saving!","htmlText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","listText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. 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Awonsering statemenmt&nbsp;","listText":"Ok that's. Awonsering statemenmt&nbsp;","text":"Ok that's. Awonsering statemenmt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9088064989","isVote":1,"tweetType":1,"viewCount":2971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093797952,"gmtCreate":1643702307149,"gmtModify":1676533846319,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093797952","repostId":"9004448317","repostType":1,"repost":{"id":9004448317,"gmtCreate":1642676525258,"gmtModify":1676533734534,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Join Tiger Ski Championship, Win a Bonus of Up to USD 2022","htmlText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","listText":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","text":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":3508,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174705991,"gmtCreate":1627135294213,"gmtModify":1703484684237,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":29,"repostSize":0,"link":"https://ttm.financial/post/174705991","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://ttm.financial/m/news/1112927800?lang=en_US&edition=fundamental","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p>\n<ul>\n <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>\n <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>\n <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p>\n<p><b>NIO And TSLA Stock Prices</b></p>\n<p>Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p>\n<p><b>Is NIO Similar To Tesla?</b></p>\n<p>The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p>\n<p><b>Business Model</b></p>\n<p>Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p>\n<p>Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p>\n<p><b>Size, growth, and valuation</b></p>\n<p>The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p>\n<p>Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p>\n<p>The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p>\n<p>Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p>\n<p><b>Can NIO Be Worth As Much As Tesla?</b></p>\n<p>The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p>\n<p>When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p>\n<p>It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p>\n<p><b>Is NIO A Good Stock To Buy Or Sell Now?</b></p>\n<p>When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p>\n<p>One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-24 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly ...</p>\n\n<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"NIO":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158343410,"gmtCreate":1625131905530,"gmtModify":1703736780871,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/158343410","repostId":"1147837933","repostType":4,"repost":{"id":"1147837933","kind":"news","pubTimestamp":1625131631,"share":"https://ttm.financial/m/news/1147837933?lang=en_US&edition=fundamental","pubTime":"2021-07-01 17:27","market":"us","language":"en","title":"Marathon Digital: Growth Outlook Keeps Us Bullish","url":"https://stock-news.laohu8.com/highlight/detail?id=1147837933","media":"seekingalpha","summary":"Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>U.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.</li>\n <li>Chinese ban on bitcoin mining means Marathon has gained market share within the global network hash rate from existing capacity as a boost to revenue.</li>\n <li>We go through our 2021 and 2022 revenue forecast models.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/521d280742426e8c512ffd2852424595\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>adventtr/iStock via Getty Images</span></p>\n<p>Marathon Digital Holdings, Inc.(NASDAQ:MARA)has emerged as one of the most exciting stocks in the market with an industry-leading crypto mining strategy. Indeed, even considering the recent volatility in Bitcoin (BTC-USD), shares of MARA are still up nearly 200% year-to-date, highlighted by its strong growth outlook. June was a milestone month for the company which reported mining 227 bitcoins in May, implying an annual revenue run rate approaching $100 million, which is set to accelerate towards $500 million by the end of the year as more mining capacity comes online. We are bullish on the stock which is well-positioned to continue generating strong returns with a positive long-term outlook.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2706fbc6fc04481b09be757b13d33622\" tg-width=\"640\" tg-height=\"228\"><span>(Seeking Alpha)</span></p>\n<p><b>A Massive Growth Story</b></p>\n<p>The key to understanding Marathon Digital is to put aside the recent financial statements and last annual report which are simply ancient history at this point. The attraction here is the company's evolution over the next several months in 2022. Marathon is on track to be the largest publicly-traded mining company in terms of production capacity, which offers several advantages from scale and strategic opportunities.</p>\n<p>There are a lot of misconceptions regarding bitcoin miners but the reality is that the business is profitable and generates real cash flows. The current consensus estimates for MARA suggest an outlook for $202 million in revenue and an EPS of $1.90 this year. For 2022, the outlook is for revenue to reach $511 million with EPS climbing towards $2.68. We believe these estimates are too low even assuming a constant bitcoin price of $35,000 through next year which we discuss in our model below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5c93435592d8575a8214e66fb47d77f\" tg-width=\"640\" tg-height=\"246\"><span>(Seeking Alpha)</span></p>\n<p>Either way, there are a few stocks in the market trading at a 1-year forward P/E multiple of 11.3x with this type of growth visibility. It's also worth noting, Marathon has no debt and over $350 million in cash and bitcoin on its balance sheet. Getting past the regulatory concerns and environmental pushback against bitcoin mining that has pressured sentiment towards the industry, there's a lot of reasons to be bullish here.</p>\n<p><b>How Does Marathon Digital Make Money?</b></p>\n<p>As a recap, the business model here is relatively simple. Marathon Digital acquires specialized computer hardware equipment built for mining bitcoin. The setup is installed in a data center and integrated into a system that continuously works to solve the bitcoin blockchain code to earn the network reward as the core mining process.</p>\n<p>Approximately every 10 minutes, the global bitcoin network awards a block of 6.25 BTC as a protocol to the decentralized system. Over the course of a year, approximately 52,560 blocks are awarded on the network meaning 328,500 BTC are mined. At a current market price of $35,000, the \"addressable market\" bitcoin miners are attempting to capture is $11.5 billion in newly minted bitcoins per year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efe8e7872bd316f7453b6fca3b163af2\" tg-width=\"640\" tg-height=\"341\"><span>(source:Marathon Digital)</span></p>\n<p>Over the past year, Marathon has invested over $257 million in orders for mining rigs including what was a game-changing $170 million purchase in late December of 2002 for 70,000 'Antminer S19' machines from 'Bitmain Technologies Inc'. These are recognized as top-of-the-line with specifications that show they can generate a market-leading hash rate to power consumption ratio which means they are more profitable to run than nearly any other existing equipment on the market.</p>\n<p>The advantage here from Marathon is that the company stepped into the front of the line for the industry as Bitmain's largest customer selling out production through 2021. Other bitcoin miners are having to wait or acquire less efficient models from other manufacturers. Once fully deployed by Q1 2022, the expectation is that MARA's full mining fleet will consist of 103,120 miners, generating 10.37 EH/s (or 10,370 PH/s as a different denomination of standard hashing computation power). Mara reports and updates on its schedule of mining machine deployments with the projected hash rate increase over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8aec6d445e8f8f7769b8a0dcd9167992\" tg-width=\"640\" tg-height=\"318\"><span>(source:company IR)</span></p>\n<p>The hash rate is an important metric which we use to extrapolate the company's future revenue potential as a function of the market price of bitcoin against the company's share of the global network. So when we look at that 10.37 EH/s hash rate number, this translates into a production capacity in terms of the number of bitcoins the company is expected to generate on a daily and monthly basis.</p>\n<p><b>A Windfall As Chinese Mining Goes Offline</b></p>\n<p>The trend over the last decade since the inception of bitcoin has been a steady climb higher in the network hash rate or difficult with more resources and equipment allocated towards mining considering the profitability potential. This means that each company's mining capacity is expected to be diluted over time as more processing power works to solve the blockchain code.</p>\n<p>That said, a curious development has emerged which we see as a windfall of Marathon Digital. In June, China took a hard line towards bitcoin mining, with an&nbsp;outright ban&nbsp;in several regions including Xinjiang, Inner Mongolia, Sichuan, and Yunnan citing the excess electrical power consumption on the country's infrastructure. It was previously estimated that Chinese miners represented upwards of 75% of the global bitcoin mining production which had been attracted by low electricity rates.</p>\n<p>The result of the ban has been a collapse of the network hash rate which has now declined to the lowest level going back to 2019. Compared to a peak bitcoin network hash rate of 198.5 EH/s, the current level as of June 28th at 86.2 EH/s is down nearly 60%. Again, this is independent of the bitcoin price and simply reflects the Chinese miners going offline and thus no longer contributing to the network processing power.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8071914f0f30e00397e7eec97b210c4\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p>\n<p>The upside for Marathon and other bitcoin miners outside of China is that their existing hash rate capacity captures a higher share of the network reward. Compared to the 1.9 EH/s Marathon reported at the end of May which represented approximately 1.2% of the global total, that same hash rate now totals 2.2% based on the latest network figure. In other words, Marathon is mining nearly double the number of bitcoins without the Chinese miners on the network based on current hash rate figures.</p>\n<p>The implication here is huge. Even as the price of bitcoin has declined from an average of $47,200 in May to the current $35,000, the company is actually generating more revenue. With a concrete example, the company reported mining 227 bitcoins in May representing approximately $10.7 million in revenue. Based on the latest network hash rate and using Marathon's May capacity at 1.9 EH/s, the company can now mine upwards of 600 bitcoin over the entire month. This translates into $21.1 million in revenue, up nearly 100% from May at the current market price of bitcoin.</p>\n<p>To be clear, the lost Chinese capacity is not necessarily removed permanently, but simply that there is an expectation that the production will have to shift into other countries that maintain a more neutral regulatory approach towards bitcoin mining including the U.S. We expect the network hash rate level to begin stabilizing from the current low but not return to peak levels through at least 2022 considering the logistical challenges of Chinese miners moving their operations and securing the necessary data centers and power supplies.</p>\n<p><b>Our Updated Revenue Model For Marathon</b></p>\n<p>In a previous article, we presented a&nbsp;revenue model&nbsp;for Marathon using a constant bitcoin price of $55,000 and a network hash rate projection that continuously climbed through 2022. The bitcoin correction since May along with the decline in the network difficulty now warrants an update.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b9db5d71d9b870e9ce4d71fa74e6ab4\" tg-width=\"640\" tg-height=\"648\"><span>(source: author)</span></p>\n<p>Using the company's schedule of mining machine deliveries, we are assuming a flat BTC price of $35,000 through 2022 as a base case while forecasting the bitcoin network difficulty climbs back towards 150 EH/s by year-end 2021 and ends 2022 around 275 EH/s. This is down from our previous estimate of 220 EH/s and 310 EH/s each year respectively given the disruption to global mining out of China.</p>\n<p>We forecast Marathon Digital to reach $218.1 million in revenue this year by mining 5,968 bitcoins. Considering the company's current market cap of $3.2 billion, our revenue forecast implies a forward P/S ratio of 14.7x. The number to really focus on is going to be 2022 when Marathon expects to have fully deployed all its announced purchases by February. At that point, with our network hash rate projection, Marathon may be mining upwards of 1,611 bitcoin that month, generating $56.4 million in revenue, representing an annual run rate of $677 million. By this measure, the stock's current 1-year forward price to sales multiple of just 4.7x appears very reasonable.</p>\n<p>The reason we are estimating a higher revenue number for 2022 compared to the market consensus of $511 million is because of our expectation that Marathon will continue to add mining capacity beyond what has already been announced. Adding 5,000 new machines per month on average between March and December of 2022 would allow the company to maintain its global hash rate share above 5.5%. Longer-term, the company just needs to stay ahead of the global network hash rate increases by adding new equipment.</p>\n<p>The framework above here allows different scenarios to be modeled. Playing around with the numbers, a more bearish forecast with a BTC price of $20,000 would lead to at least $375 million in annual revenue by next year. To the upside, $1 billion in annual revenue by next year is on the table if BTC climbs back to $55,000.</p>\n<p>In terms of earnings, Marathon has previously offered an expected average all-in mining cost of approximately $4,541 per bitcoin. By this measure, at a bitcoin price of $35,000, the gross mining profit is $30,459 with the margin scale as bitcoin appreciates. Compared to the 2022 consensus EPS of $2.68, which represents approximately $270 million in adjusted net income, we are forecasting 2022 EPS closer to $3.50 per share based on our higher revenue outlook considering. Overall, while there are still some questions as to how expenses will evolve over the coming quarters as the operation scales, the path to profitability is clear with positive cash flows this year.</p>\n<p><b>Is MARA a Buy?</b></p>\n<p>There is a good case to be made that Marathon has a very positive outlook based on its production growth. The expectation of reaching 10.3 EH/s is the largest hash rate capacity any publicly traded miner has announced.</p>\n<p>For context, Riot Blockchain, Inc.(NASDAQ:RIOT)only anticipates having&nbsp;7.7 EH/s capacity&nbsp;by the end of 2022, even as the company with a market cap of $3.6 billion trades at a premium to MARA at $3.2 billion. Separately, while MARA currently holds 5,518 BTC on its balance sheet, RIOT's holding is smaller at 2,000. One explanation for RIOT's higher valuation is the company's recent acquisition of \"Whinstone US\", the largest Bitcoin hosting facility in North America, which diversifies RIOT's business beyond mining into data services supporting other miners. We still believe the advantage on the production side from MARA is more attractive. We'll cover RIOT in more detail in a future article.</p>\n<p>The other side to the equation comes down to the uncertainty over the price of bitcoin. At the end of the day, Marathon and other bitcoin miners are going to need the price of bitcoin to rally higher and sustain positive long-term momentum as part of the bullish case. If you believe bitcoin is going to crash lower and head to zero, then certainly Marathon Digital would not succeed.</p>\n<p>While the trading action in bitcoin has been difficult in recent months, investors should be encouraged that the price has a positive gain year to date, and holding the $30,000 level which appears to be a strong level of technical support. Amid all the negative headlines regarding bitcoin's environmental concerns and higher regulatory scrutiny around the world, the market appears to be resilient with a potential bottom forming with bulls stepping in.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3239ec620c5cc20f1ede3e4711b3cedf\" tg-width=\"640\" tg-height=\"256\"><span>(source: finviz)</span></p>\n<p>This consolidation pattern sets up a rebound higher as sentiment slowly improves over time. In our view, the long-term thesis for cryptocurrencies in general as a new asset class and alternative to fiat currencies remains in place. The appeal of its potential as a payment method and store of value will continue to support demand.</p>\n<p><b>Final Thoughts</b></p>\n<p>We rate shares of MARA as a buy with a price target for the year ahead at $50 representing a market cap of $5 billion and a 7.6x price to sales multiple on our 2022 revenue forecast. The insight we offer is that the recent decline in the network hash rate from Chinese miners going offline has helped balance out the 55% drop in the price of BTC from the all-time high. Marathon Digital is mining an increasing amount of bitcoin which translates into significant revenue and earnings potential even at the current market price. The upside can be significantly higher in a scenario where the price of bitcoin regains positive momentum and rebounds higher.</p>\n<p>Considering the ongoing extreme volatility in the price of bitcoin, we have to keep Marathon in a high-risk and otherwise speculative category. This won't be a straight line higher or lower. Investors interested in Mara should only consider a small position in the context of a diversified portfolio and we always recommend averaging into trades over days and weeks to secure a lower cost basis.</p>\n<p>Recognizing the company will remain cash flow positive even at a significantly lower market price of bitcoin from current levels, any downside from here would pressure sentiment and force a reassessment of the long-term earnings outlook. Furthermore, any type of concerted government effort to limit bitcoin mining operations in the U.S. or delegitimize its use as a financial instrument would be bearish and pressure the market value lower. These are important risks to be aware of.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marathon Digital: Growth Outlook Keeps Us Bullish</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarathon Digital: Growth Outlook Keeps Us Bullish\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 17:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.\nChinese ban on bitcoin mining means Marathon has gained market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"MARA Holdings"},"source_url":"https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147837933","content_text":"Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.\nChinese ban on bitcoin mining means Marathon has gained market share within the global network hash rate from existing capacity as a boost to revenue.\nWe go through our 2021 and 2022 revenue forecast models.\n\nadventtr/iStock via Getty Images\nMarathon Digital Holdings, Inc.(NASDAQ:MARA)has emerged as one of the most exciting stocks in the market with an industry-leading crypto mining strategy. Indeed, even considering the recent volatility in Bitcoin (BTC-USD), shares of MARA are still up nearly 200% year-to-date, highlighted by its strong growth outlook. June was a milestone month for the company which reported mining 227 bitcoins in May, implying an annual revenue run rate approaching $100 million, which is set to accelerate towards $500 million by the end of the year as more mining capacity comes online. We are bullish on the stock which is well-positioned to continue generating strong returns with a positive long-term outlook.\n(Seeking Alpha)\nA Massive Growth Story\nThe key to understanding Marathon Digital is to put aside the recent financial statements and last annual report which are simply ancient history at this point. The attraction here is the company's evolution over the next several months in 2022. Marathon is on track to be the largest publicly-traded mining company in terms of production capacity, which offers several advantages from scale and strategic opportunities.\nThere are a lot of misconceptions regarding bitcoin miners but the reality is that the business is profitable and generates real cash flows. The current consensus estimates for MARA suggest an outlook for $202 million in revenue and an EPS of $1.90 this year. For 2022, the outlook is for revenue to reach $511 million with EPS climbing towards $2.68. We believe these estimates are too low even assuming a constant bitcoin price of $35,000 through next year which we discuss in our model below.\n(Seeking Alpha)\nEither way, there are a few stocks in the market trading at a 1-year forward P/E multiple of 11.3x with this type of growth visibility. It's also worth noting, Marathon has no debt and over $350 million in cash and bitcoin on its balance sheet. Getting past the regulatory concerns and environmental pushback against bitcoin mining that has pressured sentiment towards the industry, there's a lot of reasons to be bullish here.\nHow Does Marathon Digital Make Money?\nAs a recap, the business model here is relatively simple. Marathon Digital acquires specialized computer hardware equipment built for mining bitcoin. The setup is installed in a data center and integrated into a system that continuously works to solve the bitcoin blockchain code to earn the network reward as the core mining process.\nApproximately every 10 minutes, the global bitcoin network awards a block of 6.25 BTC as a protocol to the decentralized system. Over the course of a year, approximately 52,560 blocks are awarded on the network meaning 328,500 BTC are mined. At a current market price of $35,000, the \"addressable market\" bitcoin miners are attempting to capture is $11.5 billion in newly minted bitcoins per year.\n(source:Marathon Digital)\nOver the past year, Marathon has invested over $257 million in orders for mining rigs including what was a game-changing $170 million purchase in late December of 2002 for 70,000 'Antminer S19' machines from 'Bitmain Technologies Inc'. These are recognized as top-of-the-line with specifications that show they can generate a market-leading hash rate to power consumption ratio which means they are more profitable to run than nearly any other existing equipment on the market.\nThe advantage here from Marathon is that the company stepped into the front of the line for the industry as Bitmain's largest customer selling out production through 2021. Other bitcoin miners are having to wait or acquire less efficient models from other manufacturers. Once fully deployed by Q1 2022, the expectation is that MARA's full mining fleet will consist of 103,120 miners, generating 10.37 EH/s (or 10,370 PH/s as a different denomination of standard hashing computation power). Mara reports and updates on its schedule of mining machine deployments with the projected hash rate increase over time.\n(source:company IR)\nThe hash rate is an important metric which we use to extrapolate the company's future revenue potential as a function of the market price of bitcoin against the company's share of the global network. So when we look at that 10.37 EH/s hash rate number, this translates into a production capacity in terms of the number of bitcoins the company is expected to generate on a daily and monthly basis.\nA Windfall As Chinese Mining Goes Offline\nThe trend over the last decade since the inception of bitcoin has been a steady climb higher in the network hash rate or difficult with more resources and equipment allocated towards mining considering the profitability potential. This means that each company's mining capacity is expected to be diluted over time as more processing power works to solve the blockchain code.\nThat said, a curious development has emerged which we see as a windfall of Marathon Digital. In June, China took a hard line towards bitcoin mining, with an outright ban in several regions including Xinjiang, Inner Mongolia, Sichuan, and Yunnan citing the excess electrical power consumption on the country's infrastructure. It was previously estimated that Chinese miners represented upwards of 75% of the global bitcoin mining production which had been attracted by low electricity rates.\nThe result of the ban has been a collapse of the network hash rate which has now declined to the lowest level going back to 2019. Compared to a peak bitcoin network hash rate of 198.5 EH/s, the current level as of June 28th at 86.2 EH/s is down nearly 60%. Again, this is independent of the bitcoin price and simply reflects the Chinese miners going offline and thus no longer contributing to the network processing power.\nData by YCharts\nThe upside for Marathon and other bitcoin miners outside of China is that their existing hash rate capacity captures a higher share of the network reward. Compared to the 1.9 EH/s Marathon reported at the end of May which represented approximately 1.2% of the global total, that same hash rate now totals 2.2% based on the latest network figure. In other words, Marathon is mining nearly double the number of bitcoins without the Chinese miners on the network based on current hash rate figures.\nThe implication here is huge. Even as the price of bitcoin has declined from an average of $47,200 in May to the current $35,000, the company is actually generating more revenue. With a concrete example, the company reported mining 227 bitcoins in May representing approximately $10.7 million in revenue. Based on the latest network hash rate and using Marathon's May capacity at 1.9 EH/s, the company can now mine upwards of 600 bitcoin over the entire month. This translates into $21.1 million in revenue, up nearly 100% from May at the current market price of bitcoin.\nTo be clear, the lost Chinese capacity is not necessarily removed permanently, but simply that there is an expectation that the production will have to shift into other countries that maintain a more neutral regulatory approach towards bitcoin mining including the U.S. We expect the network hash rate level to begin stabilizing from the current low but not return to peak levels through at least 2022 considering the logistical challenges of Chinese miners moving their operations and securing the necessary data centers and power supplies.\nOur Updated Revenue Model For Marathon\nIn a previous article, we presented a revenue model for Marathon using a constant bitcoin price of $55,000 and a network hash rate projection that continuously climbed through 2022. The bitcoin correction since May along with the decline in the network difficulty now warrants an update.\n(source: author)\nUsing the company's schedule of mining machine deliveries, we are assuming a flat BTC price of $35,000 through 2022 as a base case while forecasting the bitcoin network difficulty climbs back towards 150 EH/s by year-end 2021 and ends 2022 around 275 EH/s. This is down from our previous estimate of 220 EH/s and 310 EH/s each year respectively given the disruption to global mining out of China.\nWe forecast Marathon Digital to reach $218.1 million in revenue this year by mining 5,968 bitcoins. Considering the company's current market cap of $3.2 billion, our revenue forecast implies a forward P/S ratio of 14.7x. The number to really focus on is going to be 2022 when Marathon expects to have fully deployed all its announced purchases by February. At that point, with our network hash rate projection, Marathon may be mining upwards of 1,611 bitcoin that month, generating $56.4 million in revenue, representing an annual run rate of $677 million. By this measure, the stock's current 1-year forward price to sales multiple of just 4.7x appears very reasonable.\nThe reason we are estimating a higher revenue number for 2022 compared to the market consensus of $511 million is because of our expectation that Marathon will continue to add mining capacity beyond what has already been announced. Adding 5,000 new machines per month on average between March and December of 2022 would allow the company to maintain its global hash rate share above 5.5%. Longer-term, the company just needs to stay ahead of the global network hash rate increases by adding new equipment.\nThe framework above here allows different scenarios to be modeled. Playing around with the numbers, a more bearish forecast with a BTC price of $20,000 would lead to at least $375 million in annual revenue by next year. To the upside, $1 billion in annual revenue by next year is on the table if BTC climbs back to $55,000.\nIn terms of earnings, Marathon has previously offered an expected average all-in mining cost of approximately $4,541 per bitcoin. By this measure, at a bitcoin price of $35,000, the gross mining profit is $30,459 with the margin scale as bitcoin appreciates. Compared to the 2022 consensus EPS of $2.68, which represents approximately $270 million in adjusted net income, we are forecasting 2022 EPS closer to $3.50 per share based on our higher revenue outlook considering. Overall, while there are still some questions as to how expenses will evolve over the coming quarters as the operation scales, the path to profitability is clear with positive cash flows this year.\nIs MARA a Buy?\nThere is a good case to be made that Marathon has a very positive outlook based on its production growth. The expectation of reaching 10.3 EH/s is the largest hash rate capacity any publicly traded miner has announced.\nFor context, Riot Blockchain, Inc.(NASDAQ:RIOT)only anticipates having 7.7 EH/s capacity by the end of 2022, even as the company with a market cap of $3.6 billion trades at a premium to MARA at $3.2 billion. Separately, while MARA currently holds 5,518 BTC on its balance sheet, RIOT's holding is smaller at 2,000. One explanation for RIOT's higher valuation is the company's recent acquisition of \"Whinstone US\", the largest Bitcoin hosting facility in North America, which diversifies RIOT's business beyond mining into data services supporting other miners. We still believe the advantage on the production side from MARA is more attractive. We'll cover RIOT in more detail in a future article.\nThe other side to the equation comes down to the uncertainty over the price of bitcoin. At the end of the day, Marathon and other bitcoin miners are going to need the price of bitcoin to rally higher and sustain positive long-term momentum as part of the bullish case. If you believe bitcoin is going to crash lower and head to zero, then certainly Marathon Digital would not succeed.\nWhile the trading action in bitcoin has been difficult in recent months, investors should be encouraged that the price has a positive gain year to date, and holding the $30,000 level which appears to be a strong level of technical support. Amid all the negative headlines regarding bitcoin's environmental concerns and higher regulatory scrutiny around the world, the market appears to be resilient with a potential bottom forming with bulls stepping in.\n(source: finviz)\nThis consolidation pattern sets up a rebound higher as sentiment slowly improves over time. In our view, the long-term thesis for cryptocurrencies in general as a new asset class and alternative to fiat currencies remains in place. The appeal of its potential as a payment method and store of value will continue to support demand.\nFinal Thoughts\nWe rate shares of MARA as a buy with a price target for the year ahead at $50 representing a market cap of $5 billion and a 7.6x price to sales multiple on our 2022 revenue forecast. The insight we offer is that the recent decline in the network hash rate from Chinese miners going offline has helped balance out the 55% drop in the price of BTC from the all-time high. Marathon Digital is mining an increasing amount of bitcoin which translates into significant revenue and earnings potential even at the current market price. The upside can be significantly higher in a scenario where the price of bitcoin regains positive momentum and rebounds higher.\nConsidering the ongoing extreme volatility in the price of bitcoin, we have to keep Marathon in a high-risk and otherwise speculative category. This won't be a straight line higher or lower. Investors interested in Mara should only consider a small position in the context of a diversified portfolio and we always recommend averaging into trades over days and weeks to secure a lower cost basis.\nRecognizing the company will remain cash flow positive even at a significantly lower market price of bitcoin from current levels, any downside from here would pressure sentiment and force a reassessment of the long-term earnings outlook. Furthermore, any type of concerted government effort to limit bitcoin mining operations in the U.S. or delegitimize its use as a financial instrument would be bearish and pressure the market value lower. These are important risks to be aware of.","news_type":1,"symbols_score_info":{"MARA":0.9}},"isVote":1,"tweetType":1,"viewCount":3879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153740869,"gmtCreate":1625053619251,"gmtModify":1703734919861,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153740869","repostId":"1176914673","repostType":4,"isVote":1,"tweetType":1,"viewCount":3372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123526431,"gmtCreate":1624430472323,"gmtModify":1703836462645,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123526431","repostId":"2145066431","repostType":4,"repost":{"id":"2145066431","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1624429920,"share":"https://ttm.financial/m/news/2145066431?lang=en_US&edition=fundamental","pubTime":"2021-06-23 14:32","market":"us","language":"en","title":"Why this Tesla taxi fleet won't be allowed to operate in NYC","url":"https://stock-news.laohu8.com/highlight/detail?id=2145066431","media":"Dow Jones","summary":"The Taxi and Limousine Commission blocked electric transit startup Revel from launching a fleet of 5","content":"<p>The Taxi and Limousine Commission blocked electric transit startup Revel from launching a fleet of 50 Model Y Tesla taxis</p>\n<p>New York's taxi regulator voted Tuesday to stop issuing new for-hire licenses for electric vehicles, snubbing a ride-share company that wanted to launch an all-Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> ride-sharing rival to Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> and Lyft <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a>.</p>\n<p>The five-to-<a href=\"https://laohu8.com/S/AONE\">one</a> vote by the Taxi and Limousine Commission blocks electric transit startup Revel from launching its fleet of 50 Model Y Tesla taxis without breaking city rules. The TLC argued that Revel can still operate if it buys 50 gas cars and swaps their licenses out for electric vehicles -- a requirement that Revel called \"the very definition of limiting market competition.\"</p>\n<p>\"It is not sustainable to allow an unlimited number of new vehicles to the road in a city that is all too familiar with the choke of traffic congestion,\" TLC Chair Aloysee Heredia Jarmoszuk said at Tuesday's meeting. \"What we will not allow is the opportunity for another corporation -- venture capitalists or otherwise -- to flood our streets with additional cars.\"</p>\n<p>The TLC's ruling came a day after it posted a bizarre notice saying that it had already voted to stop issuing electric vehicle licenses . The TLC said Monday that the notice was posted in accordance with city rules, but legal and transit experts told the Post that such notices don't typically use past-tense language, adding that it may have discouraged New Yorkers from weighing in at Tuesday's hearing.</p>\n<p>Revel CEO Frank Reig slammed the TLC's ban in a three-minute speech at the meeting, saying that in addition to its plan for environmentally friendly taxis, Revel offered its drivers fairer treatment than Uber and Lyft because it hired them as full-time employees.</p>\n<p>\"We're offering exactly what this commission has been asking for for years: fair treatment and stable pay for drivers -- who are all W-2 employees with benefits -- and a plan to drive EV adoption in the city,\" Reig said.</p>\n<p>Reig's company -- which has raised $31.6 million from backers including Toyota, according to Crunchbase -- griped that the TLC \"offered no evidence or analysis\" to support its move to end the electric vehicle exemption.</p>\n<p>\"The Commissioners sat through almost 3 hours of testimony on all sides yet asked zero questions and spent zero time deliberating before making a policy decision with profound consequences,\" Reig said in a statement. \"The TLC never intended to consider what drivers and New Yorkers had to say, and only cared about jamming through this vote on Primary Day with as little scrutiny as possible.\"</p>\n<p>Revel's plan would have been allowed under previous TLC rules, but shortly after Revel announced its plans to launch the Tesla service in April, TLC Chair Heredia Jarmoszuk said the agency planned to eliminate the electric vehicle exemption for ride-sharing licenses.</p>\n<p>Representatives of the New York Taxi Workers Alliance and several taxi drivers praised the TLC's rule change, while the Independent Drivers Guild and activist groups including the Sierra Club and Tristate Transportation Campaign blasted it, saying it would set back efforts to address climate change.</p>\n<p>The sole TLC commissioner to vote against the rule was Bill Aguado, an artist and activist who represents the Bronx. Commissioners Lauvienska Polanco and Nora Constance Marino were not present.</p>\n<p>Last week, asked if Revel would ignore a potential TLC decision against the company and launch its ride-share service anyway, Reig said the company will hit the streets.</p>\n<p>\"We are going to be on the streets because we know the law is completely on our side,\" he said. \"Never in Revel's history have we operated illegally.\"</p>\n<p>This story originally ran on NYPost.com.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why this Tesla taxi fleet won't be allowed to operate in NYC</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy this Tesla taxi fleet won't be allowed to operate in NYC\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/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-23 14:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The Taxi and Limousine Commission blocked electric transit startup Revel from launching a fleet of 50 Model Y Tesla taxis</p>\n<p>New York's taxi regulator voted Tuesday to stop issuing new for-hire licenses for electric vehicles, snubbing a ride-share company that wanted to launch an all-Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> ride-sharing rival to Uber <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a> and Lyft <a href=\"https://laohu8.com/S/LYFT\">$(LYFT)$</a>.</p>\n<p>The five-to-<a href=\"https://laohu8.com/S/AONE\">one</a> vote by the Taxi and Limousine Commission blocks electric transit startup Revel from launching its fleet of 50 Model Y Tesla taxis without breaking city rules. The TLC argued that Revel can still operate if it buys 50 gas cars and swaps their licenses out for electric vehicles -- a requirement that Revel called \"the very definition of limiting market competition.\"</p>\n<p>\"It is not sustainable to allow an unlimited number of new vehicles to the road in a city that is all too familiar with the choke of traffic congestion,\" TLC Chair Aloysee Heredia Jarmoszuk said at Tuesday's meeting. \"What we will not allow is the opportunity for another corporation -- venture capitalists or otherwise -- to flood our streets with additional cars.\"</p>\n<p>The TLC's ruling came a day after it posted a bizarre notice saying that it had already voted to stop issuing electric vehicle licenses . The TLC said Monday that the notice was posted in accordance with city rules, but legal and transit experts told the Post that such notices don't typically use past-tense language, adding that it may have discouraged New Yorkers from weighing in at Tuesday's hearing.</p>\n<p>Revel CEO Frank Reig slammed the TLC's ban in a three-minute speech at the meeting, saying that in addition to its plan for environmentally friendly taxis, Revel offered its drivers fairer treatment than Uber and Lyft because it hired them as full-time employees.</p>\n<p>\"We're offering exactly what this commission has been asking for for years: fair treatment and stable pay for drivers -- who are all W-2 employees with benefits -- and a plan to drive EV adoption in the city,\" Reig said.</p>\n<p>Reig's company -- which has raised $31.6 million from backers including Toyota, according to Crunchbase -- griped that the TLC \"offered no evidence or analysis\" to support its move to end the electric vehicle exemption.</p>\n<p>\"The Commissioners sat through almost 3 hours of testimony on all sides yet asked zero questions and spent zero time deliberating before making a policy decision with profound consequences,\" Reig said in a statement. \"The TLC never intended to consider what drivers and New Yorkers had to say, and only cared about jamming through this vote on Primary Day with as little scrutiny as possible.\"</p>\n<p>Revel's plan would have been allowed under previous TLC rules, but shortly after Revel announced its plans to launch the Tesla service in April, TLC Chair Heredia Jarmoszuk said the agency planned to eliminate the electric vehicle exemption for ride-sharing licenses.</p>\n<p>Representatives of the New York Taxi Workers Alliance and several taxi drivers praised the TLC's rule change, while the Independent Drivers Guild and activist groups including the Sierra Club and Tristate Transportation Campaign blasted it, saying it would set back efforts to address climate change.</p>\n<p>The sole TLC commissioner to vote against the rule was Bill Aguado, an artist and activist who represents the Bronx. Commissioners Lauvienska Polanco and Nora Constance Marino were not present.</p>\n<p>Last week, asked if Revel would ignore a potential TLC decision against the company and launch its ride-share service anyway, Reig said the company will hit the streets.</p>\n<p>\"We are going to be on the streets because we know the law is completely on our side,\" he said. \"Never in Revel's history have we operated illegally.\"</p>\n<p>This story originally ran on NYPost.com.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145066431","content_text":"The Taxi and Limousine Commission blocked electric transit startup Revel from launching a fleet of 50 Model Y Tesla taxis\nNew York's taxi regulator voted Tuesday to stop issuing new for-hire licenses for electric vehicles, snubbing a ride-share company that wanted to launch an all-Tesla $(TSLA)$ ride-sharing rival to Uber $(UBER)$ and Lyft $(LYFT)$.\nThe five-to-one vote by the Taxi and Limousine Commission blocks electric transit startup Revel from launching its fleet of 50 Model Y Tesla taxis without breaking city rules. The TLC argued that Revel can still operate if it buys 50 gas cars and swaps their licenses out for electric vehicles -- a requirement that Revel called \"the very definition of limiting market competition.\"\n\"It is not sustainable to allow an unlimited number of new vehicles to the road in a city that is all too familiar with the choke of traffic congestion,\" TLC Chair Aloysee Heredia Jarmoszuk said at Tuesday's meeting. \"What we will not allow is the opportunity for another corporation -- venture capitalists or otherwise -- to flood our streets with additional cars.\"\nThe TLC's ruling came a day after it posted a bizarre notice saying that it had already voted to stop issuing electric vehicle licenses . The TLC said Monday that the notice was posted in accordance with city rules, but legal and transit experts told the Post that such notices don't typically use past-tense language, adding that it may have discouraged New Yorkers from weighing in at Tuesday's hearing.\nRevel CEO Frank Reig slammed the TLC's ban in a three-minute speech at the meeting, saying that in addition to its plan for environmentally friendly taxis, Revel offered its drivers fairer treatment than Uber and Lyft because it hired them as full-time employees.\n\"We're offering exactly what this commission has been asking for for years: fair treatment and stable pay for drivers -- who are all W-2 employees with benefits -- and a plan to drive EV adoption in the city,\" Reig said.\nReig's company -- which has raised $31.6 million from backers including Toyota, according to Crunchbase -- griped that the TLC \"offered no evidence or analysis\" to support its move to end the electric vehicle exemption.\n\"The Commissioners sat through almost 3 hours of testimony on all sides yet asked zero questions and spent zero time deliberating before making a policy decision with profound consequences,\" Reig said in a statement. \"The TLC never intended to consider what drivers and New Yorkers had to say, and only cared about jamming through this vote on Primary Day with as little scrutiny as possible.\"\nRevel's plan would have been allowed under previous TLC rules, but shortly after Revel announced its plans to launch the Tesla service in April, TLC Chair Heredia Jarmoszuk said the agency planned to eliminate the electric vehicle exemption for ride-sharing licenses.\nRepresentatives of the New York Taxi Workers Alliance and several taxi drivers praised the TLC's rule change, while the Independent Drivers Guild and activist groups including the Sierra Club and Tristate Transportation Campaign blasted it, saying it would set back efforts to address climate change.\nThe sole TLC commissioner to vote against the rule was Bill Aguado, an artist and activist who represents the Bronx. Commissioners Lauvienska Polanco and Nora Constance Marino were not present.\nLast week, asked if Revel would ignore a potential TLC decision against the company and launch its ride-share service anyway, Reig said the company will hit the streets.\n\"We are going to be on the streets because we know the law is completely on our side,\" he said. \"Never in Revel's history have we operated illegally.\"\nThis story originally ran on NYPost.com.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164069260,"gmtCreate":1624161767250,"gmtModify":1703829863290,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/164069260","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":4239,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166536282,"gmtCreate":1624016667246,"gmtModify":1703826626276,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","listText":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","text":"You know what is more satisfying than buying NiO? It’s to get your post featured by Tiger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/166536282","repostId":"2144773750","repostType":4,"isVote":1,"tweetType":1,"viewCount":4093,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166538485,"gmtCreate":1624016629647,"gmtModify":1703826630205,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Make my comment trend!!&nbsp;","listText":"Make my comment trend!!&nbsp;","text":"Make my comment trend!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/166538485","repostId":"1133025835","repostType":4,"isVote":1,"tweetType":1,"viewCount":4093,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581813478273697","authorId":"3581813478273697","name":"Sittk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581813478273697","idStr":"3581813478273697"},"content":"sure, could you pls share my post from my profile? thanks alot https://www.laohu8.com/m/post/168279065?lang=en_","text":"sure, could you pls share my post from my profile? thanks alot https://www.laohu8.com/m/post/168279065?lang=en_","html":"sure, could you pls share my post from my profile? thanks alot https://www.laohu8.com/m/post/168279065?lang=en_"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166852723,"gmtCreate":1624003710262,"gmtModify":1703826278777,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/166852723","repostId":"1176081814","repostType":4,"isVote":1,"tweetType":1,"viewCount":1806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187191640,"gmtCreate":1623745339280,"gmtModify":1704210186449,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Lol&nbsp;","listText":"Lol&nbsp;","text":"Lol","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187191640","repostId":"1180935322","repostType":4,"isVote":1,"tweetType":1,"viewCount":1821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182178408,"gmtCreate":1623560089904,"gmtModify":1704206203298,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/182178408","repostId":"2143788705","repostType":4,"repost":{"id":"2143788705","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623530160,"share":"https://ttm.financial/m/news/2143788705?lang=en_US&edition=fundamental","pubTime":"2021-06-13 04:36","market":"us","language":"en","title":"'CryptoPunk' NFT sells for $11.8 million at Sotheby's","url":"https://stock-news.laohu8.com/highlight/detail?id=2143788705","media":"Dow Jones","summary":"Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareh","content":"<blockquote>\n Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n</blockquote>\n<p><b>Who says the NFT bubble has popped ?</b></p>\n<p>A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.</p>\n<p>\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks <a href=\"https://laohu8.com/S/AONE\">one</a> that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.</p>\n<p>Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a>.</p>\n<p>\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.</p>\n<p>This week the famous \"Doge\" NFT also sold at another auction for $4 million.</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>'CryptoPunk' NFT sells for $11.8 million at Sotheby's</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\">\n'CryptoPunk' NFT sells for $11.8 million at Sotheby's\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/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-06-13 04:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n</blockquote>\n<p><b>Who says the NFT bubble has popped ?</b></p>\n<p>A non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.</p>\n<p>\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks <a href=\"https://laohu8.com/S/AONE\">one</a> that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.</p>\n<p>Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings <a href=\"https://laohu8.com/S/DKNG\">$(DKNG)$</a>.</p>\n<p>\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.</p>\n<p>This week the famous \"Doge\" NFT also sold at another auction for $4 million.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DKNG":"DraftKings Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143788705","content_text":"Sotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings.\n\nWho says the NFT bubble has popped ?\nA non-fungible token (NFT) of a digital artwork called a CryptoPunk defied expectations and just sold for $11.8 million at Sotheby's on Thursday this week.\n\"CryptoPunks are a set of 10,000 pixel-art characters made by Larva Labs in 2017\" and the mega bucks one that sold-- CryptoPunk #7523 -- is \"of the sought-after Alien variety with blue-green skin, and wearing a medical mask,\" according to Reuters . It was bought with bitcoin and no physical artwork changes hands.\nSotheby's announced the work was bought by Israeli entrepreneur Shalom Meckenzie, the largest shareholder of digital sports company DraftKings $(DKNG)$.\n\"We are excited to continue to explore new and interesting ways in presenting these cutting-edge works,\" Michael Bouhanna, a contemporary art specialist at Sotheby's, told Reuters.\nThis week the famous \"Doge\" NFT also sold at another auction for $4 million.","news_type":1,"symbols_score_info":{"DKNG":0.9}},"isVote":1,"tweetType":1,"viewCount":1716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186853035,"gmtCreate":1623486504127,"gmtModify":1704204959650,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/186853035","repostId":"1133871419","repostType":4,"isVote":1,"tweetType":1,"viewCount":1221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181366290,"gmtCreate":1623374661610,"gmtModify":1704201944237,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181366290","repostId":"2142220946","repostType":4,"isVote":1,"tweetType":1,"viewCount":1452,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181368835,"gmtCreate":1623374621327,"gmtModify":1704201942621,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181368835","repostId":"2142273487","repostType":4,"isVote":1,"tweetType":1,"viewCount":1255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183372555,"gmtCreate":1623312124877,"gmtModify":1704200625345,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/183372555","repostId":"1145405384","repostType":4,"repost":{"id":"1145405384","kind":"news","pubTimestamp":1623311195,"share":"https://ttm.financial/m/news/1145405384?lang=en_US&edition=fundamental","pubTime":"2021-06-10 15:46","market":"us","language":"en","title":"Why One Bank Thinks ESG Could Trigger Hyperinflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1145405384","media":"zerohedge","summary":"In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser disc","content":"<p>In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.</p>\n<p>As Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significant<i>positive</i>supply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,<b>resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.</b></p>\n<p><img src=\"https://static.tigerbbs.com/a506eed4b33e73391548c06fb0c26164\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p>\n<p>Well not anymore,<b>because ESG is unwinding the shale oil revolution.</b>As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.</p>\n<p><img src=\"https://static.tigerbbs.com/e9ca397d4dc8887948badc33be1b0354\" tg-width=\"500\" tg-height=\"195\" referrerpolicy=\"no-referrer\"></p>\n<p>Similarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.</p>\n<p>As Yared summarizes, \"<b>ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"</b>This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.&nbsp; Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.</p>\n<p>To be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"<i><b>ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years</b></i><i>.</i>\"</p>\n<p>Commenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be&nbsp; harder to get oil out of the ground.<b>Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG</b>.\"</p>\n<p>So in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.</p>\n<p>Which in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why One Bank Thinks ESG Could Trigger Hyperinflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy One Bank Thinks ESG Could Trigger Hyperinflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 15:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/why-one-bank-thinks-esg-could-trigger-hyperinflation","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145405384","content_text":"In a recent blog post from DB's Francis Yared, the credit strategist looks at one of the lesser discussed drivers of inflation and points out that supply shocks to oil prices have historically been relevant for inflation expectations.\nAs Yared writes, \"supply shock to oil prices have had a significant impact on inflation expectations on three occasions over the past half century: in the mid 70s, the mid 80s and the mid 10s.\" However, unlike the infamous price explosions of the 70s and 80s, in the latest episode the \"shale oil revolution\" resulted in a significantpositivesupply shock to oil markets which led OPEC in 2014 to defend its market share rather than oil prices. The downward pressure on oil prices, Yared writes,resulted in a shift to a lower inflation regime, which was reflected in both consumer and market inflation expectations (University of Michigan 5-10y and 5y5y breakevens) as well as monetary policy expectations and the term premium.\n\nWell not anymore,because ESG is unwinding the shale oil revolution.As recent events at Exxon and Shell have shown, the pressure on oil companies to reduce oil and gas exploration and adapt their business models has increased significantly over the past few months. This is reflected in crude rig counts that have lagged the recovery in oil prices and stand at 1/3rd of the 2014 peak.\n\nSimilarly, carbon emission future prices in Europe have risen considerably: as theWSJ reported recently, the price of carbon credits traded in Europe has jumped 135% over the past 12 months and recently hit a series of records as economic activity rebounded from pandemic lockdowns. Only lumber, driven higher by the housing boom, has proved a better commodities investment.\nAs Yared summarizes, \"ESG is a negative supply shock that internalizes the climate cost of the production of goods and services.\"This negative supply shock will be inflationary until technological progress absorbs these costs. That could take years.  Moreover in Europe, it could garner enough of political support to justify a more aggressive fiscal policy despite the constraints at the German or EU levels.\nTo be sure, the global economy has still to contend with the disinflationary impact of ecommerce. However, as DB concludes, \"ESG, the Fed's Average Inflation Targeting regime and a significantly more pro-active fiscal policy (at least until the US mid-term elections) constitute a new powerful combination that should be supportive of a higher inflation environment than experienced over the last 10 years.\"\nCommenting on his colleague's observations, DB credit strategist Jim Reid agrees, and writes that \"maybe in the fullness of time this surge in mining between 2010-2015 will be the exception rather than the norm and that, in a rapidly changing and ever more ESG sensitive world, it will be  harder to get oil out of the ground.Pricing climate-change externalities more generally could make things more expensive over time. Are we on the verge of another change in inflation expectations due to oil and energy, one that is in large part due to ESG.\"\nSo in case there was still any confusion why the establishment has adopted ESG as gospel - and as a reminder, ESG is nothing new, and many years ago used to be called Corporate Social Responsibility, or CSR and even Nobel economist Milton Friedman warned against its subversive nature 50 years ago when he said that taking on externally dictated “social responsibilities” beyond those directly related to a company’s business opened the floodgates to endless pressure and interferenc - at a time when the same establishment is also desperate to inflate away thenearly $300 trillion in global debt, now you know: ESG looks like the catalyst that will unleash runaway inflation. And if central banks fail to contain it in time, the entire developed world may soon descend into hyperinflation.\nWhich in turn should also answer the other pressing question: why are central banks so desperate to issue their own digital, programmable currencies? Well, the ability to turn money on and off with the literal flip of a switch will come in extremely useful in a world where authorities have lost control over all other monetary pathways...","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1415,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189003302,"gmtCreate":1623230179206,"gmtModify":1704198838667,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/189003302","repostId":"2142290449","repostType":4,"repost":{"id":"2142290449","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623228640,"share":"https://ttm.financial/m/news/2142290449?lang=en_US&edition=fundamental","pubTime":"2021-06-09 16:50","market":"sh","language":"en","title":"Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources","url":"https://stock-news.laohu8.com/highlight/detail?id=2142290449","media":"Reuters","summary":"DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $","content":"<p>DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco&nbsp;is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.</p>\n<p>The debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.</p>\n<p>Initial price guidance was around 105 basis points (bps) over U.S. Treasuries <a href=\"https://laohu8.com/S/UST\">$(UST)$</a> for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.</p>\n<p>Aramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.</p>\n<p>The company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.</p>\n<p>Aramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.</p>\n<p>A source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.</p>\n<p>Active bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International&nbsp;and Dubai Islamic Bank.</p>\n<p>(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Saudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSaudi Aramco seen raising $3 bln-4 bln with dollar sukuk - sources\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-09 16:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco&nbsp;is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.</p>\n<p>The debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.</p>\n<p>Initial price guidance was around 105 basis points (bps) over U.S. Treasuries <a href=\"https://laohu8.com/S/UST\">$(UST)$</a> for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.</p>\n<p>Aramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.</p>\n<p>The company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.</p>\n<p>Aramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.</p>\n<p>A source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.</p>\n<p>Active bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International&nbsp;and Dubai Islamic Bank.</p>\n<p>(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通","GS":"高盛","C":"花旗","MS":"摩根士丹利"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142290449","content_text":"DUBAI, June 9 (Reuters) - Saudi Arabian oil giant Aramco is likely to raise between $3 billion and $4 billion on Wednesday, two sources said, as it returns to the international debt markets with its first U.S. dollar-denominated sukuk sale.\nThe debt issuance, which will at least partly fund a large dividend that mostly goes to the government, will comprise tranches of three, five and 10 years, the term sheet for the sukuk seen by Reuters showed.\nInitial price guidance was around 105 basis points (bps) over U.S. Treasuries $(UST)$ for the three-year portion, around 125 bps over UST for the five-year paper and around 160 bps over UST for the 10-year bonds.\nAramco last year maintained a promised $75 billion dividend to shareholders - chiefly the government - despite lower oil prices, and is expected to shoulder significant domestic investments in Saudi Arabia's plans to transform the economy.\nThe company chose to issue Islamic bonds over conventional ones due to high demand for the instrument as a result of the low number of dollar sukuk sales in the Gulf this year, a source told Reuters on Monday.\nAramco has been widely expected to become a regular bond issuer after its debut $12 billion issuance in 2019 was followed by an $8 billion, five-part transaction in November last year, also used to fund its dividend.\nA source had told Reuters that Aramco was expected to raise up to $5 billion with the deal, which is expected to close later on Wednesday and has 29 active and passive bookrunners working on it.\nActive bookrunners on the deal include HSBC , JPMorgan , NCB Capital and Standard Chartered Bank . Passive bookrunners include BOC International and Dubai Islamic Bank.\n(Reporting by Scott Murdoch in Hong Kong and Yousef Saba; Editing by Edwina Gibbs and Jan Harvey)","news_type":1,"symbols_score_info":{"JPM":0.9,"GS":0.9,"MS":0.9,"C":0.9}},"isVote":1,"tweetType":1,"viewCount":1497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117626766,"gmtCreate":1623139557355,"gmtModify":1704196862559,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/117626766","repostId":"1155272608","repostType":4,"isVote":1,"tweetType":1,"viewCount":1647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114253711,"gmtCreate":1623076604733,"gmtModify":1704195622362,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok&nbsp;","listText":"Ok&nbsp;","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/114253711","repostId":"1184606456","repostType":4,"isVote":1,"tweetType":1,"viewCount":1351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":174705991,"gmtCreate":1627135294213,"gmtModify":1703484684237,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":29,"repostSize":0,"link":"https://ttm.financial/post/174705991","repostId":"1112927800","repostType":4,"repost":{"id":"1112927800","kind":"news","pubTimestamp":1627089375,"share":"https://ttm.financial/m/news/1112927800?lang=en_US&edition=fundamental","pubTime":"2021-07-24 09:16","market":"us","language":"en","title":"Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=1112927800","media":"seekingalpha","summary":"Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV p","content":"<p><b>Summary</b></p>\n<ul>\n <li>Let's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.</li>\n <li>NIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.</li>\n <li>NIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f749c70c8a2af3e18d5f6cecc72bfbb\" tg-width=\"1536\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>ipopba/iStock via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>NIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.</p>\n<p><b>NIO And TSLA Stock Prices</b></p>\n<p>Both companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ff5ce865807df85283775d2293b41af\" tg-width=\"635\" tg-height=\"481\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Taking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.</p>\n<p><b>Is NIO Similar To Tesla?</b></p>\n<p>The answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:</p>\n<p><b>Business Model</b></p>\n<p>Both companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.</p>\n<p>Both companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.</p>\n<p><b>Size, growth, and valuation</b></p>\n<p>The two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.</p>\n<p>Tesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a986ea65130206f99961a46ce6cfed55\" tg-width=\"635\" tg-height=\"515\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>Tesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.</p>\n<p>The same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).</p>\n<p>Looking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.</p>\n<p><b>Can NIO Be Worth As Much As Tesla?</b></p>\n<p>The answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly&nbsp;overpriced&nbsp;today, I personally believe that as well (Note that some will argue that shares are&nbsp;underpriced, which is also among the possibilities, although I do not hold that belief personally).</p>\n<p>When we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.</p>\n<p>It should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.</p>\n<p><b>Is NIO A Good Stock To Buy Or Sell Now?</b></p>\n<p>When considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.</p>\n<p>One could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill NIO Stock Follow Tesla's Footsteps? What To Consider Between These Two EV Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-24 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly ...</p>\n\n<a href=\"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4440950-will-nio-stock-follow-tesla-what-to-consider-ev-stocks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112927800","content_text":"Summary\n\nLet's take a look at how NIO compares to Tesla today, NIO's unique selling points, and the similarities between the two companies.\nNIO is a high-growth choice that does not seem overly expensive relative to how Tesla is valued.\nNIO is not a low-risk stock, however, and it may not be a good choice for everyone. Investors should also consider NIO's valuation versus legacy car companies.\n\nipopba/iStock via Getty Images\nArticle Thesis\nNIO, Inc. (NIO) is one of China's leading EV players, and has, through an attractive brand and its unique BaaS offering, attracted a lot of interest from consumers and investors. Today, however, the company is still way smaller than Tesla (TSLA), which is currently leading the global EV market. NIO is focused on its home market right now, which was true when Tesla was a smaller company as well, but NIO will try to grab market share in overseas markets as well. Shares are pricing in a lot of growth already, but if NIO can replicate Tesla's success, that could be more than justified.\nNIO And TSLA Stock Prices\nBoth companies have benefitted from growing interest in EVs during 2020, a trend that saw share prices of most EV pureplays rise rapidly. The combination of growing market share for EVs, accommodating policies such as subsidies for EV purchases, and massive monetary stimulus let shares of NIO and TSLA rise rapidly. NIO is up 245% over the last year, while TSLA is up 101% over the same time. Both companies are currently trading below their all-time highs, however, which were hit in early 2021 before market sentiment for EV pureplays cooled to some degree.\nData by YCharts\nTaking a quick look at analyst price targets, we see that Tesla is trading almost perfectly in line with the consensus, whereas NIO trades about 30% below the analyst target. If the analyst community is right, then NIO is a substantially better investment right here, as Tesla is not expected to see its shares rise meaningfully over the next year, whereas NIO has significant upside to the analyst price target.\nIs NIO Similar To Tesla?\nThe answer to that question depends on what you focus on. There are similarities between the two companies, but there are also differences. One could thus say that, in some ways, the two are similar, but in others, they are not. Let's look at a couple of things:\nBusiness Model\nBoth companies are focused on the EV space, although Tesla has, over the years, been building out a couple of other businesses as well, such as energy storage. Most of Tesla's revenues are generated through selling electric vehicles, which is also how NIO operates. Both companies are focused on the premium segment of EVs, selling higher-priced vehicles that compete with brands such as BMW, Mercedes, and Lexus. Both companies offer a small range of different vehicles, in Tesla's case those are the well-known S, X, 3, and Y, whereas NIO offers a sedan (ET7), and three SUVs (EC6, ES6, ES8). Despite the fact that NIO is a way smaller company today, the model lineups of the two companies do thus not differ too much.\nBoth companies offer some type of charging infrastructure to their customers, in Tesla's case, that's the Supercharger network, where Tesla owners can charge their cars with up to 250kW, depending on what version of Supercharger is installed. NIO is following a different approach, offering a battery-as-a-service solution to its customers. NIO owners can get their battery switched out to a fully-charged battery at NIO's stations, a process that takes a couple of minutes and is thus significantly quicker compared to the regular EV charging offered by Tesla and other EV players. BaaS thus has advantages when it comes to the time it takes for a charge/swap, but it should be noted that Tesla's Superchargers are way more common around the world compared to NIO's battery-swapping stations. Rolling out that feature in additional markets will require large capital expenditures, but NIO's offering is a unique selling point compared to what all other EV players, including Tesla, are offering. It remains to be seen whether that will ultimately pay off, but this could become a major advantage for NIO as competition in the EV space is heating up.\nSize, growth, and valuation\nThe two companies differ significantly in size, both when it comes to revenues and vehicle sales, as well as when it comes to the market value of the two companies. NIO has delivered22,000 vehicles in Q2, up 112% year over year, for an annual pace of around 90,000 vehicles. Tesla, meanwhile, has delivered 201,000 vehicles during Q2, up from 103,000 vehicles delivered during Q2 2020. This is strong growth on a year-over-year basis, although slightly below 100%, and thus below the growth rate that NIO is generating for now.\nTesla delivers around 9x as many vehicles compared to NIO per quarter, when we look at the market capitalizations of the two companies, we see that the ratio is almost exactly the same, as Tesla's market cap of $640 billion is ~9x as high as that of NIO, at $72 billion. At similar growth rates, that would make perfect sense, but it looks like NIO might be the better deal for now, as it trades at a comparable valuation while generating better growth. This will be especially true in the coming quarters, where Tesla's growth is expected to slow down:\nData by YCharts\nTesla is forecasted to grow its revenue from $49 billion in 2021 to $83 billion in 2023, for an annual growth rate of 30%. NIO, meanwhile, is expected to see its revenue explode upwards from $5.4 billion to $12.8 billion between 2021 and 2023, for an annual growth rate of 54%. NIO is thus expected to grow way faster than Tesla over the next two years, on a relative basis. This shouldn't be a surprise, to be honest, as the law of large numbers dictates that maintaining massive growth rates becomes increasingly hard for a company the bigger it gets, and Tesla seems to have hit that point by now -- adding 50%+ a year to its top line will not be possible forever. This isn't even necessarily Tesla's fault, in fact, many high-quality growth companies have experienced the same. But investors should still consider this important fact -- Tesla's growth in coming years will be less exciting compared to what we have seen in the past, and peers, such as NIO, are growing faster.\nThe same holds true when we take a longer-term view. Revenue estimates for 2025 rest at$22.6 billionfor NIO, up another 80% from the 2023 estimate, and up 320% from what analysts are forecasting for 2021. Tesla, meanwhile, is forecasted to generate revenues of $122.5 billion in 2025 -- a large number, but up by a comparatively weak 48% from 2023, and up by a total of 150% versus 2021. Between 2021 and 2025, NIO will thus 4x its revenue, while Tesla will 2.5x its revenue in the same time span -- a meaningful difference that should, all else equal, allow for a premium valuation for NIO, in the same way Tesla deserves a premium valuation versus legacy players such as Volkswagen (OTCPK:VWAGY).\nLooking at revenue estimates for 2025 relative to how the two companies are valued today, we see that NIO trades at 3.2x 2025 sales, while the 2025 sales multiple for Tesla is 5.2. For a long-term oriented investor, NIO thus seems like the better value today, thanks to the fact that it is trading at a significantly lower sales multiple when we take a look into the future. This does not necessarily mean that NIO is cheap, however, as even a 3.2x 2025 sales multiple is relatively high compared to how legacy auto companies are valued. NIO is looking less expensive than Tesla, however, even if its shares are not cheap on an absolute basis.\nCan NIO Be Worth As Much As Tesla?\nThe answer to that depends on what time frame you are looking at. Today, NIO is significantly smaller than Tesla and thus rightfully trades at a way smaller market cap. It should also be noted that there is no guarantee that Tesla's shares are a great example of how an EV company should be valued -- it is, at least, possible that its shares are significantly overpriced today, I personally believe that as well (Note that some will argue that shares are underpriced, which is also among the possibilities, although I do not hold that belief personally).\nWhen we do, for a moment, assume that Tesla is correctly valued today and that EV companies do deserve a market cap in the $600 billion range when they sell about 800,000 vehicles a year, then NIO could eventually hit that as well, although not in the near term. NIO will sell about 90,000 vehicles this year, and that amount should grow to about 400,000 in 2025. If NIO were to grow its sales by 15% a year beyond that point, it could sell around 800,000 cars in 2030, or 9 years from now. If one wants to assume faster growth, the 800,000 vehicles a year line could also be crossed before 2030, e.g. in 2028 or 2029. If we do go with 2030 for now, then NIO could, at a similar deliveries-to-market capitalization ratio to Tesla, be valued at $600+ billion in 2030. In other words, NIO could be worth as much as Tesla (today) in nine years, when we assume that current growth projections are realistic and that a Tesla-like valuation is appropriate. Those are two major ifs, of course, and especially the second point is far from certain, I believe. I personally would not be too surprised to see Tesla's valuation compress, and thus NIO could trade well below the $600 billion market cap level in 2030, even if it continues to grow meaningfully. It is also possible that NIO's growth disappoints and that current projections are too bullish, although I think that NIO is well-positioned for growth thanks to its unique BaaS model and its strong brand that is especially well-recognized in its home market.\nIt should also be noted that Tesla's market cap in 2030 could be very different from $600 billion, thus even in case NIO hits that level, it is not at all guaranteed that the two companies will have a similar market cap. Tesla might be valued at a way higher valuation by then, e.g. if the ARK model is right (something I personally think is unlikely). To answer the above question, one could thus say that NIO might be worth hundreds of billions of dollars, like Tesla, in 8-10 years, but that is not at all guaranteed. And even if that were to happen, Tesla might be worth significantly more by then.\nIs NIO A Good Stock To Buy Or Sell Now?\nWhen considering NIO as an investment, it doesn't really matter all that much whether it will become as large or highly valued as Tesla eventually. Instead, investors should ask themselves what total returns they can expect over the next couple of years, and whether those expected returns are high enough relative to the risks in NIO's business model. Regarding those risks, one should mention the fact that the company isn't profitable yet, which means that NIO is dependent on cash on its balance sheet for growth investments. On top of that, competition in the EV space is growing, and market share battles could pressure margins in coming years, although NIO seems relatively well-positioned thanks to its battery-swapping, which is, I believe, a strong USP. Last but not least, the company's dependence on its home market China is a potential risk that should be kept in mind, although it should also be noted that, for now, it seems like the Chinese government is very accommodating to Chinese EV companies.\nOne could argue that valuations across the whole EV industry are too high, relative to how legacy auto companies are valued. Even those legacy players with attractive EV offerings such as Volkswagen or Ford trade at huge discounts compared to EV pureplays. But if one wants to invest in an EV pureplay, NIO doesn't seem like a bad choice. The company combines a strong brand, a unique BaaS offering, high growth rates, and shares trade at a discount compared to how the EV king Tesla is valued. At a little above 3x 2025 revenue, NIO does not seem overly expensive relative to other EV pureplays, although this still represents a premium versus legacy players, of course. If NIO manages to execute well and continues to roll out new models that are well-received by consumers, its shares could have significant upside potential in the long run. If EV stocks ever become an out-of-favor investment, NIO stock also could have considerable downside, however, this thus is not a low-risk pick. Depending on your risk tolerance, NIO could still be of value if you want a high-growth EV pureplay.","news_type":1,"symbols_score_info":{"NIO":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":4308,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158343410,"gmtCreate":1625131905530,"gmtModify":1703736780871,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/158343410","repostId":"1147837933","repostType":4,"repost":{"id":"1147837933","kind":"news","pubTimestamp":1625131631,"share":"https://ttm.financial/m/news/1147837933?lang=en_US&edition=fundamental","pubTime":"2021-07-01 17:27","market":"us","language":"en","title":"Marathon Digital: Growth Outlook Keeps Us Bullish","url":"https://stock-news.laohu8.com/highlight/detail?id=1147837933","media":"seekingalpha","summary":"Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>U.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.</li>\n <li>Chinese ban on bitcoin mining means Marathon has gained market share within the global network hash rate from existing capacity as a boost to revenue.</li>\n <li>We go through our 2021 and 2022 revenue forecast models.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/521d280742426e8c512ffd2852424595\" tg-width=\"1536\" tg-height=\"864\" referrerpolicy=\"no-referrer\"><span>adventtr/iStock via Getty Images</span></p>\n<p>Marathon Digital Holdings, Inc.(NASDAQ:MARA)has emerged as one of the most exciting stocks in the market with an industry-leading crypto mining strategy. Indeed, even considering the recent volatility in Bitcoin (BTC-USD), shares of MARA are still up nearly 200% year-to-date, highlighted by its strong growth outlook. June was a milestone month for the company which reported mining 227 bitcoins in May, implying an annual revenue run rate approaching $100 million, which is set to accelerate towards $500 million by the end of the year as more mining capacity comes online. We are bullish on the stock which is well-positioned to continue generating strong returns with a positive long-term outlook.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2706fbc6fc04481b09be757b13d33622\" tg-width=\"640\" tg-height=\"228\"><span>(Seeking Alpha)</span></p>\n<p><b>A Massive Growth Story</b></p>\n<p>The key to understanding Marathon Digital is to put aside the recent financial statements and last annual report which are simply ancient history at this point. The attraction here is the company's evolution over the next several months in 2022. Marathon is on track to be the largest publicly-traded mining company in terms of production capacity, which offers several advantages from scale and strategic opportunities.</p>\n<p>There are a lot of misconceptions regarding bitcoin miners but the reality is that the business is profitable and generates real cash flows. The current consensus estimates for MARA suggest an outlook for $202 million in revenue and an EPS of $1.90 this year. For 2022, the outlook is for revenue to reach $511 million with EPS climbing towards $2.68. We believe these estimates are too low even assuming a constant bitcoin price of $35,000 through next year which we discuss in our model below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5c93435592d8575a8214e66fb47d77f\" tg-width=\"640\" tg-height=\"246\"><span>(Seeking Alpha)</span></p>\n<p>Either way, there are a few stocks in the market trading at a 1-year forward P/E multiple of 11.3x with this type of growth visibility. It's also worth noting, Marathon has no debt and over $350 million in cash and bitcoin on its balance sheet. Getting past the regulatory concerns and environmental pushback against bitcoin mining that has pressured sentiment towards the industry, there's a lot of reasons to be bullish here.</p>\n<p><b>How Does Marathon Digital Make Money?</b></p>\n<p>As a recap, the business model here is relatively simple. Marathon Digital acquires specialized computer hardware equipment built for mining bitcoin. The setup is installed in a data center and integrated into a system that continuously works to solve the bitcoin blockchain code to earn the network reward as the core mining process.</p>\n<p>Approximately every 10 minutes, the global bitcoin network awards a block of 6.25 BTC as a protocol to the decentralized system. Over the course of a year, approximately 52,560 blocks are awarded on the network meaning 328,500 BTC are mined. At a current market price of $35,000, the \"addressable market\" bitcoin miners are attempting to capture is $11.5 billion in newly minted bitcoins per year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efe8e7872bd316f7453b6fca3b163af2\" tg-width=\"640\" tg-height=\"341\"><span>(source:Marathon Digital)</span></p>\n<p>Over the past year, Marathon has invested over $257 million in orders for mining rigs including what was a game-changing $170 million purchase in late December of 2002 for 70,000 'Antminer S19' machines from 'Bitmain Technologies Inc'. These are recognized as top-of-the-line with specifications that show they can generate a market-leading hash rate to power consumption ratio which means they are more profitable to run than nearly any other existing equipment on the market.</p>\n<p>The advantage here from Marathon is that the company stepped into the front of the line for the industry as Bitmain's largest customer selling out production through 2021. Other bitcoin miners are having to wait or acquire less efficient models from other manufacturers. Once fully deployed by Q1 2022, the expectation is that MARA's full mining fleet will consist of 103,120 miners, generating 10.37 EH/s (or 10,370 PH/s as a different denomination of standard hashing computation power). Mara reports and updates on its schedule of mining machine deployments with the projected hash rate increase over time.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8aec6d445e8f8f7769b8a0dcd9167992\" tg-width=\"640\" tg-height=\"318\"><span>(source:company IR)</span></p>\n<p>The hash rate is an important metric which we use to extrapolate the company's future revenue potential as a function of the market price of bitcoin against the company's share of the global network. So when we look at that 10.37 EH/s hash rate number, this translates into a production capacity in terms of the number of bitcoins the company is expected to generate on a daily and monthly basis.</p>\n<p><b>A Windfall As Chinese Mining Goes Offline</b></p>\n<p>The trend over the last decade since the inception of bitcoin has been a steady climb higher in the network hash rate or difficult with more resources and equipment allocated towards mining considering the profitability potential. This means that each company's mining capacity is expected to be diluted over time as more processing power works to solve the blockchain code.</p>\n<p>That said, a curious development has emerged which we see as a windfall of Marathon Digital. In June, China took a hard line towards bitcoin mining, with an&nbsp;outright ban&nbsp;in several regions including Xinjiang, Inner Mongolia, Sichuan, and Yunnan citing the excess electrical power consumption on the country's infrastructure. It was previously estimated that Chinese miners represented upwards of 75% of the global bitcoin mining production which had been attracted by low electricity rates.</p>\n<p>The result of the ban has been a collapse of the network hash rate which has now declined to the lowest level going back to 2019. Compared to a peak bitcoin network hash rate of 198.5 EH/s, the current level as of June 28th at 86.2 EH/s is down nearly 60%. Again, this is independent of the bitcoin price and simply reflects the Chinese miners going offline and thus no longer contributing to the network processing power.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8071914f0f30e00397e7eec97b210c4\" tg-width=\"635\" tg-height=\"417\"><span>Data by YCharts</span></p>\n<p>The upside for Marathon and other bitcoin miners outside of China is that their existing hash rate capacity captures a higher share of the network reward. Compared to the 1.9 EH/s Marathon reported at the end of May which represented approximately 1.2% of the global total, that same hash rate now totals 2.2% based on the latest network figure. In other words, Marathon is mining nearly double the number of bitcoins without the Chinese miners on the network based on current hash rate figures.</p>\n<p>The implication here is huge. Even as the price of bitcoin has declined from an average of $47,200 in May to the current $35,000, the company is actually generating more revenue. With a concrete example, the company reported mining 227 bitcoins in May representing approximately $10.7 million in revenue. Based on the latest network hash rate and using Marathon's May capacity at 1.9 EH/s, the company can now mine upwards of 600 bitcoin over the entire month. This translates into $21.1 million in revenue, up nearly 100% from May at the current market price of bitcoin.</p>\n<p>To be clear, the lost Chinese capacity is not necessarily removed permanently, but simply that there is an expectation that the production will have to shift into other countries that maintain a more neutral regulatory approach towards bitcoin mining including the U.S. We expect the network hash rate level to begin stabilizing from the current low but not return to peak levels through at least 2022 considering the logistical challenges of Chinese miners moving their operations and securing the necessary data centers and power supplies.</p>\n<p><b>Our Updated Revenue Model For Marathon</b></p>\n<p>In a previous article, we presented a&nbsp;revenue model&nbsp;for Marathon using a constant bitcoin price of $55,000 and a network hash rate projection that continuously climbed through 2022. The bitcoin correction since May along with the decline in the network difficulty now warrants an update.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8b9db5d71d9b870e9ce4d71fa74e6ab4\" tg-width=\"640\" tg-height=\"648\"><span>(source: author)</span></p>\n<p>Using the company's schedule of mining machine deliveries, we are assuming a flat BTC price of $35,000 through 2022 as a base case while forecasting the bitcoin network difficulty climbs back towards 150 EH/s by year-end 2021 and ends 2022 around 275 EH/s. This is down from our previous estimate of 220 EH/s and 310 EH/s each year respectively given the disruption to global mining out of China.</p>\n<p>We forecast Marathon Digital to reach $218.1 million in revenue this year by mining 5,968 bitcoins. Considering the company's current market cap of $3.2 billion, our revenue forecast implies a forward P/S ratio of 14.7x. The number to really focus on is going to be 2022 when Marathon expects to have fully deployed all its announced purchases by February. At that point, with our network hash rate projection, Marathon may be mining upwards of 1,611 bitcoin that month, generating $56.4 million in revenue, representing an annual run rate of $677 million. By this measure, the stock's current 1-year forward price to sales multiple of just 4.7x appears very reasonable.</p>\n<p>The reason we are estimating a higher revenue number for 2022 compared to the market consensus of $511 million is because of our expectation that Marathon will continue to add mining capacity beyond what has already been announced. Adding 5,000 new machines per month on average between March and December of 2022 would allow the company to maintain its global hash rate share above 5.5%. Longer-term, the company just needs to stay ahead of the global network hash rate increases by adding new equipment.</p>\n<p>The framework above here allows different scenarios to be modeled. Playing around with the numbers, a more bearish forecast with a BTC price of $20,000 would lead to at least $375 million in annual revenue by next year. To the upside, $1 billion in annual revenue by next year is on the table if BTC climbs back to $55,000.</p>\n<p>In terms of earnings, Marathon has previously offered an expected average all-in mining cost of approximately $4,541 per bitcoin. By this measure, at a bitcoin price of $35,000, the gross mining profit is $30,459 with the margin scale as bitcoin appreciates. Compared to the 2022 consensus EPS of $2.68, which represents approximately $270 million in adjusted net income, we are forecasting 2022 EPS closer to $3.50 per share based on our higher revenue outlook considering. Overall, while there are still some questions as to how expenses will evolve over the coming quarters as the operation scales, the path to profitability is clear with positive cash flows this year.</p>\n<p><b>Is MARA a Buy?</b></p>\n<p>There is a good case to be made that Marathon has a very positive outlook based on its production growth. The expectation of reaching 10.3 EH/s is the largest hash rate capacity any publicly traded miner has announced.</p>\n<p>For context, Riot Blockchain, Inc.(NASDAQ:RIOT)only anticipates having&nbsp;7.7 EH/s capacity&nbsp;by the end of 2022, even as the company with a market cap of $3.6 billion trades at a premium to MARA at $3.2 billion. Separately, while MARA currently holds 5,518 BTC on its balance sheet, RIOT's holding is smaller at 2,000. One explanation for RIOT's higher valuation is the company's recent acquisition of \"Whinstone US\", the largest Bitcoin hosting facility in North America, which diversifies RIOT's business beyond mining into data services supporting other miners. We still believe the advantage on the production side from MARA is more attractive. We'll cover RIOT in more detail in a future article.</p>\n<p>The other side to the equation comes down to the uncertainty over the price of bitcoin. At the end of the day, Marathon and other bitcoin miners are going to need the price of bitcoin to rally higher and sustain positive long-term momentum as part of the bullish case. If you believe bitcoin is going to crash lower and head to zero, then certainly Marathon Digital would not succeed.</p>\n<p>While the trading action in bitcoin has been difficult in recent months, investors should be encouraged that the price has a positive gain year to date, and holding the $30,000 level which appears to be a strong level of technical support. Amid all the negative headlines regarding bitcoin's environmental concerns and higher regulatory scrutiny around the world, the market appears to be resilient with a potential bottom forming with bulls stepping in.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3239ec620c5cc20f1ede3e4711b3cedf\" tg-width=\"640\" tg-height=\"256\"><span>(source: finviz)</span></p>\n<p>This consolidation pattern sets up a rebound higher as sentiment slowly improves over time. In our view, the long-term thesis for cryptocurrencies in general as a new asset class and alternative to fiat currencies remains in place. The appeal of its potential as a payment method and store of value will continue to support demand.</p>\n<p><b>Final Thoughts</b></p>\n<p>We rate shares of MARA as a buy with a price target for the year ahead at $50 representing a market cap of $5 billion and a 7.6x price to sales multiple on our 2022 revenue forecast. The insight we offer is that the recent decline in the network hash rate from Chinese miners going offline has helped balance out the 55% drop in the price of BTC from the all-time high. Marathon Digital is mining an increasing amount of bitcoin which translates into significant revenue and earnings potential even at the current market price. The upside can be significantly higher in a scenario where the price of bitcoin regains positive momentum and rebounds higher.</p>\n<p>Considering the ongoing extreme volatility in the price of bitcoin, we have to keep Marathon in a high-risk and otherwise speculative category. This won't be a straight line higher or lower. Investors interested in Mara should only consider a small position in the context of a diversified portfolio and we always recommend averaging into trades over days and weeks to secure a lower cost basis.</p>\n<p>Recognizing the company will remain cash flow positive even at a significantly lower market price of bitcoin from current levels, any downside from here would pressure sentiment and force a reassessment of the long-term earnings outlook. Furthermore, any type of concerted government effort to limit bitcoin mining operations in the U.S. or delegitimize its use as a financial instrument would be bearish and pressure the market value lower. These are important risks to be aware of.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Marathon Digital: Growth Outlook Keeps Us Bullish</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarathon Digital: Growth Outlook Keeps Us Bullish\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 17:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.\nChinese ban on bitcoin mining means Marathon has gained market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"MARA Holdings"},"source_url":"https://seekingalpha.com/article/4437295-bullish-on-marathon-digital-despite-bitcoin-price-correction","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147837933","content_text":"Summary\n\nU.S. based Marathon Digital continues to benefit from strong production growth despite the correction in the price of bitcoin.\nChinese ban on bitcoin mining means Marathon has gained market share within the global network hash rate from existing capacity as a boost to revenue.\nWe go through our 2021 and 2022 revenue forecast models.\n\nadventtr/iStock via Getty Images\nMarathon Digital Holdings, Inc.(NASDAQ:MARA)has emerged as one of the most exciting stocks in the market with an industry-leading crypto mining strategy. Indeed, even considering the recent volatility in Bitcoin (BTC-USD), shares of MARA are still up nearly 200% year-to-date, highlighted by its strong growth outlook. June was a milestone month for the company which reported mining 227 bitcoins in May, implying an annual revenue run rate approaching $100 million, which is set to accelerate towards $500 million by the end of the year as more mining capacity comes online. We are bullish on the stock which is well-positioned to continue generating strong returns with a positive long-term outlook.\n(Seeking Alpha)\nA Massive Growth Story\nThe key to understanding Marathon Digital is to put aside the recent financial statements and last annual report which are simply ancient history at this point. The attraction here is the company's evolution over the next several months in 2022. Marathon is on track to be the largest publicly-traded mining company in terms of production capacity, which offers several advantages from scale and strategic opportunities.\nThere are a lot of misconceptions regarding bitcoin miners but the reality is that the business is profitable and generates real cash flows. The current consensus estimates for MARA suggest an outlook for $202 million in revenue and an EPS of $1.90 this year. For 2022, the outlook is for revenue to reach $511 million with EPS climbing towards $2.68. We believe these estimates are too low even assuming a constant bitcoin price of $35,000 through next year which we discuss in our model below.\n(Seeking Alpha)\nEither way, there are a few stocks in the market trading at a 1-year forward P/E multiple of 11.3x with this type of growth visibility. It's also worth noting, Marathon has no debt and over $350 million in cash and bitcoin on its balance sheet. Getting past the regulatory concerns and environmental pushback against bitcoin mining that has pressured sentiment towards the industry, there's a lot of reasons to be bullish here.\nHow Does Marathon Digital Make Money?\nAs a recap, the business model here is relatively simple. Marathon Digital acquires specialized computer hardware equipment built for mining bitcoin. The setup is installed in a data center and integrated into a system that continuously works to solve the bitcoin blockchain code to earn the network reward as the core mining process.\nApproximately every 10 minutes, the global bitcoin network awards a block of 6.25 BTC as a protocol to the decentralized system. Over the course of a year, approximately 52,560 blocks are awarded on the network meaning 328,500 BTC are mined. At a current market price of $35,000, the \"addressable market\" bitcoin miners are attempting to capture is $11.5 billion in newly minted bitcoins per year.\n(source:Marathon Digital)\nOver the past year, Marathon has invested over $257 million in orders for mining rigs including what was a game-changing $170 million purchase in late December of 2002 for 70,000 'Antminer S19' machines from 'Bitmain Technologies Inc'. These are recognized as top-of-the-line with specifications that show they can generate a market-leading hash rate to power consumption ratio which means they are more profitable to run than nearly any other existing equipment on the market.\nThe advantage here from Marathon is that the company stepped into the front of the line for the industry as Bitmain's largest customer selling out production through 2021. Other bitcoin miners are having to wait or acquire less efficient models from other manufacturers. Once fully deployed by Q1 2022, the expectation is that MARA's full mining fleet will consist of 103,120 miners, generating 10.37 EH/s (or 10,370 PH/s as a different denomination of standard hashing computation power). Mara reports and updates on its schedule of mining machine deployments with the projected hash rate increase over time.\n(source:company IR)\nThe hash rate is an important metric which we use to extrapolate the company's future revenue potential as a function of the market price of bitcoin against the company's share of the global network. So when we look at that 10.37 EH/s hash rate number, this translates into a production capacity in terms of the number of bitcoins the company is expected to generate on a daily and monthly basis.\nA Windfall As Chinese Mining Goes Offline\nThe trend over the last decade since the inception of bitcoin has been a steady climb higher in the network hash rate or difficult with more resources and equipment allocated towards mining considering the profitability potential. This means that each company's mining capacity is expected to be diluted over time as more processing power works to solve the blockchain code.\nThat said, a curious development has emerged which we see as a windfall of Marathon Digital. In June, China took a hard line towards bitcoin mining, with an outright ban in several regions including Xinjiang, Inner Mongolia, Sichuan, and Yunnan citing the excess electrical power consumption on the country's infrastructure. It was previously estimated that Chinese miners represented upwards of 75% of the global bitcoin mining production which had been attracted by low electricity rates.\nThe result of the ban has been a collapse of the network hash rate which has now declined to the lowest level going back to 2019. Compared to a peak bitcoin network hash rate of 198.5 EH/s, the current level as of June 28th at 86.2 EH/s is down nearly 60%. Again, this is independent of the bitcoin price and simply reflects the Chinese miners going offline and thus no longer contributing to the network processing power.\nData by YCharts\nThe upside for Marathon and other bitcoin miners outside of China is that their existing hash rate capacity captures a higher share of the network reward. Compared to the 1.9 EH/s Marathon reported at the end of May which represented approximately 1.2% of the global total, that same hash rate now totals 2.2% based on the latest network figure. In other words, Marathon is mining nearly double the number of bitcoins without the Chinese miners on the network based on current hash rate figures.\nThe implication here is huge. Even as the price of bitcoin has declined from an average of $47,200 in May to the current $35,000, the company is actually generating more revenue. With a concrete example, the company reported mining 227 bitcoins in May representing approximately $10.7 million in revenue. Based on the latest network hash rate and using Marathon's May capacity at 1.9 EH/s, the company can now mine upwards of 600 bitcoin over the entire month. This translates into $21.1 million in revenue, up nearly 100% from May at the current market price of bitcoin.\nTo be clear, the lost Chinese capacity is not necessarily removed permanently, but simply that there is an expectation that the production will have to shift into other countries that maintain a more neutral regulatory approach towards bitcoin mining including the U.S. We expect the network hash rate level to begin stabilizing from the current low but not return to peak levels through at least 2022 considering the logistical challenges of Chinese miners moving their operations and securing the necessary data centers and power supplies.\nOur Updated Revenue Model For Marathon\nIn a previous article, we presented a revenue model for Marathon using a constant bitcoin price of $55,000 and a network hash rate projection that continuously climbed through 2022. The bitcoin correction since May along with the decline in the network difficulty now warrants an update.\n(source: author)\nUsing the company's schedule of mining machine deliveries, we are assuming a flat BTC price of $35,000 through 2022 as a base case while forecasting the bitcoin network difficulty climbs back towards 150 EH/s by year-end 2021 and ends 2022 around 275 EH/s. This is down from our previous estimate of 220 EH/s and 310 EH/s each year respectively given the disruption to global mining out of China.\nWe forecast Marathon Digital to reach $218.1 million in revenue this year by mining 5,968 bitcoins. Considering the company's current market cap of $3.2 billion, our revenue forecast implies a forward P/S ratio of 14.7x. The number to really focus on is going to be 2022 when Marathon expects to have fully deployed all its announced purchases by February. At that point, with our network hash rate projection, Marathon may be mining upwards of 1,611 bitcoin that month, generating $56.4 million in revenue, representing an annual run rate of $677 million. By this measure, the stock's current 1-year forward price to sales multiple of just 4.7x appears very reasonable.\nThe reason we are estimating a higher revenue number for 2022 compared to the market consensus of $511 million is because of our expectation that Marathon will continue to add mining capacity beyond what has already been announced. Adding 5,000 new machines per month on average between March and December of 2022 would allow the company to maintain its global hash rate share above 5.5%. Longer-term, the company just needs to stay ahead of the global network hash rate increases by adding new equipment.\nThe framework above here allows different scenarios to be modeled. Playing around with the numbers, a more bearish forecast with a BTC price of $20,000 would lead to at least $375 million in annual revenue by next year. To the upside, $1 billion in annual revenue by next year is on the table if BTC climbs back to $55,000.\nIn terms of earnings, Marathon has previously offered an expected average all-in mining cost of approximately $4,541 per bitcoin. By this measure, at a bitcoin price of $35,000, the gross mining profit is $30,459 with the margin scale as bitcoin appreciates. Compared to the 2022 consensus EPS of $2.68, which represents approximately $270 million in adjusted net income, we are forecasting 2022 EPS closer to $3.50 per share based on our higher revenue outlook considering. Overall, while there are still some questions as to how expenses will evolve over the coming quarters as the operation scales, the path to profitability is clear with positive cash flows this year.\nIs MARA a Buy?\nThere is a good case to be made that Marathon has a very positive outlook based on its production growth. The expectation of reaching 10.3 EH/s is the largest hash rate capacity any publicly traded miner has announced.\nFor context, Riot Blockchain, Inc.(NASDAQ:RIOT)only anticipates having 7.7 EH/s capacity by the end of 2022, even as the company with a market cap of $3.6 billion trades at a premium to MARA at $3.2 billion. Separately, while MARA currently holds 5,518 BTC on its balance sheet, RIOT's holding is smaller at 2,000. One explanation for RIOT's higher valuation is the company's recent acquisition of \"Whinstone US\", the largest Bitcoin hosting facility in North America, which diversifies RIOT's business beyond mining into data services supporting other miners. We still believe the advantage on the production side from MARA is more attractive. We'll cover RIOT in more detail in a future article.\nThe other side to the equation comes down to the uncertainty over the price of bitcoin. At the end of the day, Marathon and other bitcoin miners are going to need the price of bitcoin to rally higher and sustain positive long-term momentum as part of the bullish case. If you believe bitcoin is going to crash lower and head to zero, then certainly Marathon Digital would not succeed.\nWhile the trading action in bitcoin has been difficult in recent months, investors should be encouraged that the price has a positive gain year to date, and holding the $30,000 level which appears to be a strong level of technical support. Amid all the negative headlines regarding bitcoin's environmental concerns and higher regulatory scrutiny around the world, the market appears to be resilient with a potential bottom forming with bulls stepping in.\n(source: finviz)\nThis consolidation pattern sets up a rebound higher as sentiment slowly improves over time. In our view, the long-term thesis for cryptocurrencies in general as a new asset class and alternative to fiat currencies remains in place. The appeal of its potential as a payment method and store of value will continue to support demand.\nFinal Thoughts\nWe rate shares of MARA as a buy with a price target for the year ahead at $50 representing a market cap of $5 billion and a 7.6x price to sales multiple on our 2022 revenue forecast. The insight we offer is that the recent decline in the network hash rate from Chinese miners going offline has helped balance out the 55% drop in the price of BTC from the all-time high. Marathon Digital is mining an increasing amount of bitcoin which translates into significant revenue and earnings potential even at the current market price. The upside can be significantly higher in a scenario where the price of bitcoin regains positive momentum and rebounds higher.\nConsidering the ongoing extreme volatility in the price of bitcoin, we have to keep Marathon in a high-risk and otherwise speculative category. This won't be a straight line higher or lower. Investors interested in Mara should only consider a small position in the context of a diversified portfolio and we always recommend averaging into trades over days and weeks to secure a lower cost basis.\nRecognizing the company will remain cash flow positive even at a significantly lower market price of bitcoin from current levels, any downside from here would pressure sentiment and force a reassessment of the long-term earnings outlook. Furthermore, any type of concerted government effort to limit bitcoin mining operations in the U.S. or delegitimize its use as a financial instrument would be bearish and pressure the market value lower. These are important risks to be aware of.","news_type":1,"symbols_score_info":{"MARA":0.9}},"isVote":1,"tweetType":1,"viewCount":3879,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346456973,"gmtCreate":1618105622492,"gmtModify":1704706629804,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/346456973","repostId":"1142324412","repostType":4,"isVote":1,"tweetType":1,"viewCount":865,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":197026598,"gmtCreate":1621412340214,"gmtModify":1704357205003,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/197026598","repostId":"1158638540","repostType":4,"repost":{"id":"1158638540","kind":"news","pubTimestamp":1621409180,"share":"https://ttm.financial/m/news/1158638540?lang=en_US&edition=fundamental","pubTime":"2021-05-19 15:26","market":"us","language":"en","title":"4 Things to Know Ahead of the Squarespace’s Direct Listing","url":"https://stock-news.laohu8.com/highlight/detail?id=1158638540","media":"Barrons","summary":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.The company offers various tools for website creation, including domains, e-comme","content":"<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.</p>\n<p>Now Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.</p>\n<p>The company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.</p>\n<p>Squarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in&nbsp;its filing with the Securities and Exchange Commission.</p>\n<p>The company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.</p>\n<p><b>Growing Revenue, Shrinking Profits</b></p>\n<p>Squarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.</p>\n<p>The company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.</p>\n<p>About 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.</p>\n<p>Squarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.</p>\n<p>Despite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.</p>\n<p><b>Competition Aplenty</b></p>\n<p>The company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like&nbsp;Wix.com&nbsp;(ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse&nbsp;Shopify&nbsp;(ticker: SHOP),&nbsp;which lets businesses set up online shops.</p>\n<p>Squarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.</p>\n<p>Jefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.</p>\n<p><b>On the Menu</b></p>\n<p>SquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.</p>\n<p>This part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.</p>\n<p>“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash&nbsp;(DASH) and&nbsp;Grubhub&nbsp;(GRUB),&nbsp;along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.</p>\n<p>At the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.</p>\n<p><b>Marketing Bucks</b></p>\n<p>Squarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.</p>\n<p>The company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”</p>\n<p>Among its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>4 Things to Know Ahead of the Squarespace’s Direct Listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n4 Things to Know Ahead of the Squarespace’s Direct Listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-19 15:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue ...</p>\n\n<a href=\"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQSP":"Squarespace Inc."},"source_url":"https://www.barrons.com/articles/squarespace-direct-listing-51621376597?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158638540","content_text":"The pandemic prompted many small businesses to gain online storefronts for the first time, creating an e-commerce wave that helped website-creation platform Squarespace Inc. accelerate its revenue growth.\nNow Squarespace will test the resilience of that e-commerce momentum as a public company. Its shares are scheduled to begin trading Wednesday in a direct listing on the New York Stock Exchange under the ticker SQSP.\nThe company offers various tools for website creation, including domains, e-commerce functions and marketing capabilities. Squarespace aims to work with small businesses that have limited web expertise as well as “large brands” that need greater flexibility to customize based on their needs.\nSquarespace sees itself playing into a number of trends, including a growing need for businesses to maintain direct relationships with their customers and an increased emphasis on do-it-yourself solutions that are “rapidly displacing expensive agencies and making equivalent design quality out-of-the-box, accessible and easy-to-use for all,” the company said in its filing with the Securities and Exchange Commission.\nThe company raised $300 million in a March funding round that gave the company an enterprise valuation of $10 billion, and is not raising any new funding as it lists. Here is what else you need to know about the company.\nGrowing Revenue, Shrinking Profits\nSquarespace posted $621 million in revenue during 2020, up from $485 million a year earlier. Revenue was up 28% in the latest fiscal year, ahead of the 24% growth rate seen in the prior period.\nThe company classifies 94% of its revenue as subscription-based. Squarespace added about 700,000 new unique subscriptions in 2020 and the company disclosed that more than two thirds of total subscriptions are annual.\nAbout 70% of Squarespace’s revenue last year came from the U.S., while the rest was international.\nSquarespace was profitable last year, recording about $30.6 million in net income, though profits were down from $58.2 million in 2019. The company’s “fundamentals highlight a rare combo of profitability and growth at scale,” wrote MKM Partners analyst Rohit Kulkarni.\nDespite a string of profitability on an annual basis, Squarespace generated a net loss of $10.1 million in the first quarter of 2021 compared with a loss of $1.1 million a year earlier. The company posted profits in each of the last three quarters of 2020.\nCompetition Aplenty\nThe company competes with a variety of different players across the e-commerce industry, according to its filing. Squarespace counts web-creation platforms like Wix.com (ticker: WIX) and Square’s (SQ) Weebly among its competition, along with e-commerce powerhouse Shopify (ticker: SHOP), which lets businesses set up online shops.\nSquarespace also calls out competitors like GoDaddy (GDDY) that offer domain-name tools, as well as those providing email-marketing and scheduling functions, while arguing that its own “comprehensive, all-in-one platform, multichannel commerce capabilities” are an asset.\nJefferies analyst Brent Thill notes that Wix is larger than Squarespace, with revenue of $989 million last year versus $621 million for Squarespace. In addition, Squarespace’s revenue last year was similar to what Wix posted in 2018, but Wix was posting faster growth at that scale, and without the benefit of the pandemic-driven acceleration in e-commerce more broadly, he wrote.\nOn the Menu\nSquareSpace recently closed its $415 million acquisition of Tock, a company focused on the restaurant and hospitality industries. Tock’s services allow businesses to manage reservations, takeout, event ticketing and more.\nThis part of the business may position SquareSpace against more tech giants, suggested MKM’s Kulkarni.\n“SquareSpace’s offering with Tock faces competition from delivery services such as Uber Eats (UBER),DoorDash (DASH) and Grubhub (GRUB), along with other restaurant [customer-relationship management] services such as TouchBistro and Toast,” he wrote.\nAt the same time, the acquisition is an example of one way Squarespace has “smartly diversified into selling not just physical goods online but also adding calendar/scheduling capabilities (restaurant or gym reservations), content sales, and subscriptions,” he continued.\nMarketing Bucks\nSquarespace’s marketing and sales costs are growing far faster than its revenue. The company incurred $3.1 million in such expenses last year, up from $1.7 million in 2019, making for a 45% increase, whereas revenue was up 28% in the same span.\nThe company’s podcast advertisements may be familiar to frequent listeners, though Squarespace notes in its prospectus that it advertises its services broadly, using “online keyword search, sponsorships and celebrity endorsements, television, podcasts, print and online advertising, email and social media marketing.”\nAmong its risk factors, Squarespace points to the possibility that Alphabet’s (GOOGL) Google could change its algorithm or raise the costs of its search-engine-marketing tools.","news_type":1,"symbols_score_info":{"SQSP":0.9}},"isVote":1,"tweetType":1,"viewCount":1273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382409724,"gmtCreate":1613471512068,"gmtModify":1704880825457,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/382409724","repostId":"1108705396","repostType":4,"repost":{"id":"1108705396","kind":"news","pubTimestamp":1613469786,"share":"https://ttm.financial/m/news/1108705396?lang=en_US&edition=fundamental","pubTime":"2021-02-16 18:03","market":"us","language":"en","title":"With Biden going big, Wall Street economists are growing bullish on the US economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1108705396","media":"CNN Business","summary":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a doubl","content":"<p><b>New York (CNN Business)&nbsp;</b>The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington&nbsp;and millions of families were about to&nbsp;lose crucial benefits.</p>\n<p>Fast forward two months, and the&nbsp;economy is still struggling-- but confidence in the recovery is growing, rapidly.</p>\n<p>Economists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.</p>\n<p>The renewed optimism is being driven by two major factors: the&nbsp;health crisis is easing&nbsp;and Uncle Sam is&nbsp;coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.</p>\n<p>After supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.</p>\n<p>\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.</p>\n<p>The turning point happened last month&nbsp;when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for&nbsp;President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.</p>\n<p><b>'Summer mini-boom'</b></p>\n<p>Before the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a&nbsp;forecast by Treasury Secretary Janet Yellen.</p>\n<p>\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.</p>\n<p>Oxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.</p>\n<p>Likewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"</p>\n<p>\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.</p>\n<p>Indeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.</p>\n<p>The rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.</p>\n<p><b>Double-dip recession averted</b></p>\n<p>The Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.</p>\n<p>For months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.</p>\n<p>At the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.</p>\n<p>\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.</p>\n<p>Slammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States&nbsp;added just 49,000 jobs in January.</p>\n<p>Jobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.</p>\n<p><b>Vaccines to the rescue</b></p>\n<p>But there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.</p>\n<p>Critically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.</p>\n<p>And Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday&nbsp;that the United States may be able to vaccinate most Americans by the middle or end of summer.</p>\n<p>All of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.</p>\n<p>That's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants&nbsp;force US states and cities to once again tighten health restrictions.</p>\n<p><b>Low-wage workers are still hurting badly</b></p>\n<p>Against this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.</p>\n<p>\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"</p>\n<p>Doing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.</p>\n<p>Employment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.</p>\n<p>\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.</p>\n<p>However, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.</p>\n<p>\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.</p>\n<p><b>'Bring it on'</b></p>\n<p>Some economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington&nbsp;overheats the economy by injecting too much support.</p>\n<p>\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.</p>\n<p>And that in turn would spook the&nbsp;red-hot stock market.</p>\n<p>Fed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.</p>\n<p>Citing \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.</p>\n<p>Zandi isn't losing sleep over inflation, mostly because the United States is far from full employment.</p>\n<p>\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>With Biden going big, Wall Street economists are growing bullish on the US economy</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWith Biden going big, Wall Street economists are growing bullish on the US economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 18:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and ...</p>\n\n<a href=\"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html\">Source 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",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108705396","content_text":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and millions of families were about to lose crucial benefits.\nFast forward two months, and the economy is still struggling-- but confidence in the recovery is growing, rapidly.\nEconomists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.\nThe renewed optimism is being driven by two major factors: the health crisis is easing and Uncle Sam is coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.\nAfter supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.\n\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.\nThe turning point happened last month when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.\n'Summer mini-boom'\nBefore the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a forecast by Treasury Secretary Janet Yellen.\n\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.\nOxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.\nLikewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"\n\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.\nIndeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.\nThe rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.\nDouble-dip recession averted\nThe Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.\nFor months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.\nAt the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.\n\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.\nSlammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States added just 49,000 jobs in January.\nJobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.\nVaccines to the rescue\nBut there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.\nCritically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.\nAnd Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday that the United States may be able to vaccinate most Americans by the middle or end of summer.\nAll of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.\nThat's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants force US states and cities to once again tighten health restrictions.\nLow-wage workers are still hurting badly\nAgainst this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.\n\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"\nDoing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.\nEmployment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.\n\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.\nHowever, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.\n\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.\n'Bring it on'\nSome economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington overheats the economy by injecting too much support.\n\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.\nAnd that in turn would spook the red-hot stock market.\nFed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.\nCiting \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.\nZandi isn't losing sleep over inflation, mostly because the United States is far from full employment.\n\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":932,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389284645,"gmtCreate":1612778160187,"gmtModify":1704874055583,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/389284645","repostId":"1126813487","repostType":4,"isVote":1,"tweetType":1,"viewCount":674,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":166538485,"gmtCreate":1624016629647,"gmtModify":1703826630205,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Make my comment trend!!&nbsp;","listText":"Make my comment trend!!&nbsp;","text":"Make my comment trend!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/166538485","repostId":"1133025835","repostType":4,"isVote":1,"tweetType":1,"viewCount":4093,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581813478273697","authorId":"3581813478273697","name":"Sittk","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3581813478273697","idStr":"3581813478273697"},"content":"sure, could you pls share my post from my profile? thanks alot https://www.laohu8.com/m/post/168279065?lang=en_","text":"sure, could you pls share my post from my profile? thanks alot https://www.laohu8.com/m/post/168279065?lang=en_","html":"sure, could you pls share my post from my profile? thanks alot https://www.laohu8.com/m/post/168279065?lang=en_"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356388857,"gmtCreate":1616756201979,"gmtModify":1704798424754,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/356388857","repostId":"1149036179","repostType":4,"isVote":1,"tweetType":1,"viewCount":495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107113224,"gmtCreate":1620451119368,"gmtModify":1704343961847,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/107113224","repostId":"1162850808","repostType":4,"repost":{"id":"1162850808","kind":"news","pubTimestamp":1620451086,"share":"https://ttm.financial/m/news/1162850808?lang=en_US&edition=fundamental","pubTime":"2021-05-08 13:18","market":"hk","language":"en","title":"Cheap Stocks To Buy? 4 Cloud Computing Stocks To Know","url":"https://stock-news.laohu8.com/highlight/detail?id=1162850808","media":"Nasdaq","summary":"Should Investors Buy These Cloud Stocks Amid The Recent Pullback?\n2020 was a banner year forcloud co","content":"<p>Should Investors Buy These Cloud Stocks Amid The Recent Pullback?</p>\n<p>2020 was a banner year forcloud computing stocks. In the past year, if you wanted to make money, the easiest way was to buy top cloud computing stocks in thestock market. Thanks to the coronavirus pandemic, demand for cloud services skyrocketed to all-time highs. With companies focusing on digital acceleration, cloud infrastructure is vital to have. Being able to conveniently store and access company data is paramount as companies are still pushing their projects and innovations amidst these troubled times. Investors and companies seem to be aware of these trends. For instance, Microsoft (NASDAQ: MSFT) has enjoyed a strong increase in revenue in the cloud segment as reflected from their latest financials.</p>\n<p>There’s no denying that valuations are still high despite the recent pullback. Some say thesetop cloud stocksare priced to perfection. As such, when there’s a slight disappointment in their earnings report, it is enough to send these stocks sliding. But technology is sticky. Many companies are not going to uproot their software abruptly. The benefits from cloud apps will continue to manifest even after offices reopen. Thus, many of the best cloud stocks to watch will continue to benefit. Let’s put it this way. You can think of it as the growth being pulled forward, but there is still plenty of growth ahead.</p>\n<p>With the increasing viability of cloud computing, it could appear to some as a profitable endeavor. However, there is no such thing as easy gains. Even the most seasoned investors would have a challenge sorting the wheat from the chaff in this ever-growing industry. Some may stay clear from cloud stocks amid the recent weakness, but others may see the dip as an opportunity to buy at discounts. If you are with the latter, do you have these cloud stocks on your watchlist in thestock market today?</p>\n<p>Cloud Computing Stocks To Watch In 2021</p>\n<ul>\n <li><b>Cloudflare Inc.</b>(NYSE: NET)</li>\n <li><b>Fastly Inc.</b>(NYSE: FSLY)</li>\n <li><b>Amazon.com Inc.</b>(NASDAQ: AMZN)</li>\n <li><b>Twilio Inc.</b>(NYSE: TWLO)</li>\n</ul>\n<p>Cloudflare</p>\n<p>Cloudflare is possibly one of the most exciting cloud companies to look out for if you are investing for the long term. For those unfamiliar with the business, Cloudflare’s aim is to build a better and safer internet. Some of the company’s potential growth drivers include serverless computing, internet of things (IoT), and 5G. These present massive opportunities for the company to tap into. With more businesses moving their operations to the cloud, Cloudflare could see explosive growth in this burgeoning cybersecurity industry. That’s because of its role in safeguarding and speeding up the internet.</p>\n<p><img src=\"https://static.tigerbbs.com/98f0d4f49f85277ad8149a042646e49c\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p>\n<p>“<i>Firing on all cylinders, we’ve already announced or delivered more than 100 products and capabilities this year. There’s no slowing down as we continue to deliver business-critical offerings and displace point solutions with Cloudflare’s robust global network.”-</i>Matthew Prince, CEO, and co-founder.</p>\n<p>The company reported its first-quarter earnings on Thursday, in which revenue rose 51% year-over-year to $138.1 million. The network security and content delivery network (CDN) provider also sees strong large customer growth, with a record addition of roughly 120 large customers in the quarter. More importantly, large customers now represent greater than 50% of revenue. Following these earnings, the NET stock is now trading 7.14% higher in pre-market trading as of 7.09 a.m. ET. With such strong fundamentals, should investors buy NET stock right now?</p>\n<p><b>[Read More]</b>&nbsp;Best Tech Stocks To Buy Now? 4 Names To Know</p>\n<p>Fastly</p>\n<p>Fastly was one hot stock to watch in 2020. The company is a key player in the CDN space. Arguably, the real trick up Fastly’s sleeves are its edge computing capabilities. But the reason many investors are paying attention to Fastly right now is that FSLY stock was tumbling, closing nearly 30% lower on Thursday’s intraday trading. This came as the edge-computing specialist came up slightly short of estimates in its first-quarter earnings report. Separately, CFO Adriel Lares stepping down as CFO also spooked investors.</p>\n<p><img src=\"https://static.tigerbbs.com/739c26a7d97dc3c4dea22c32f05794e8\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p>\n<p>But let’s take a step back and digest these earnings carefully. Do you think FSLY stock is being overly punished here? Fastly’s revenue came in 35% in the quarter to $84.9 million, which was only slightly short of estimates at $85.1 million. While the net retention rate was slightly lower than its previous quarter, its total customer count actually increased from 2,084 in the fourth quarter to 2,207. Sure, the company may have missed top and bottom-line estimates, but the difference was only marginal.</p>\n<p>According to CEO Joshua Bixby, the company observed that many of the trends that emerged last year appear to have become permanent, even as the economy reopens. He believes Fastly is uniquely positioned to serve companies as they adjust to this new reality. Thus, would you consider buying FSLY stock on the dip?</p>\n<p><b>Read More</b></p>\n<ul>\n <li>Hot Stocks To Buy? 4 Growth Stocks To Watch</li>\n <li>Most Active Stocks To Buy Today? 4 Renewable Energy Stocks To Consider</li>\n</ul>\n<p>Amazon.com</p>\n<p>Amazon is a multinational technology company that focuses on e-commerce and cloud computing. The company has been one of the most influential economic forces in the world and is also one of the world’s most valuable brands. AMZN stock surged to an all-time high of $3,554 before retreating to a current level of around $3,300. That initially seems like a “<i>buy the rumor, sell the news</i>” kind of trade for traders, especially after a strong earnings beat.</p>\n<p><img src=\"https://static.tigerbbs.com/0aa69c958c58628e910c48f96fca81e9\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p>\n<p>An interesting fact is, not only are traders taking some profit, CEO Jeff Bezos this week sold nearly $2 billion worth of AMZN stock. He previously said he’d sell about $1 billion in AMZN stock each year to fund his space exploration company, Blue Origin.</p>\n<p>In case you have missed it, the company reported net sales of $108.5 billion in the first quarter, a 44% increase year-over-year. Net income increased to $8.1 billion for the quarter or $15.79 per diluted share. The company also ended the quarter with a free cash flow of $26.4 billion. Looking ahead, Amazon said it expects to generate revenue between $110 billion and $116 billion for Q2. All things considered, would you say that AMZN stock is trading at an attractive valuation right now?</p>\n<p><b>[Read More]</b>&nbsp;4 Top Fintech Stocks To Watch After PayPal Reported Record Earnings</p>\n<p>Twilio</p>\n<p>After easily beating its own forecast for a fifth consecutive quarter amid strong pandemic growth, some investors were surprised why Twilio stocks were pulling back on Thursday’s intraday trading. Despite having posted a strong first-quarter earnings report on Wednesday, TWLO stock didn’t receive an immediate boost and many are punishing the stock because the company projected a June quarter loss that would be wider than Wall Street has been expecting.</p>\n<p><img src=\"https://static.tigerbbs.com/97cd2f79ff5e32f41eb0cd9aba0292c8\" tg-width=\"759\" tg-height=\"468\" referrerpolicy=\"no-referrer\">Source: TD Ameritrade TOS</p>\n<p>For the quarter, revenue came in 62% higher to $590 million, beating analysts’ estimates of $532.9 million. The company also posted a dollar-based net expansion rate of 133%. This simply means that existing customers increased their spending by 33%. Overall, the company has brought in another solid quarter, but investors appear to be treading cautiously.</p>\n<p>CEO Jeff Lawson believes the shift in the way companies engage with their customers is driving a generational opportunity for Twilio. Now, TWLO stock is not exactly cheap by any measure. However, if you believe that the company could grow into its valuation, should you buy TWLO stock on its recent weakness?</p>","source":"lsy1603171495471","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cheap Stocks To Buy? 4 Cloud Computing Stocks To Know</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCheap Stocks To Buy? 4 Cloud Computing Stocks To Know\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-08 13:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/cheap-stocks-to-buy-4-cloud-computing-stocks-to-know-2021-05-07><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Should Investors Buy These Cloud Stocks Amid The Recent Pullback?\n2020 was a banner year forcloud computing stocks. In the past year, if you wanted to make money, the easiest way was to buy top cloud ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/cheap-stocks-to-buy-4-cloud-computing-stocks-to-know-2021-05-07\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NET":"Cloudflare, Inc.","TWLO":"Twilio Inc","FSLY":"Fastly, Inc.","AMZN":"亚马逊"},"source_url":"https://www.nasdaq.com/articles/cheap-stocks-to-buy-4-cloud-computing-stocks-to-know-2021-05-07","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162850808","content_text":"Should Investors Buy These Cloud Stocks Amid The Recent Pullback?\n2020 was a banner year forcloud computing stocks. In the past year, if you wanted to make money, the easiest way was to buy top cloud computing stocks in thestock market. Thanks to the coronavirus pandemic, demand for cloud services skyrocketed to all-time highs. With companies focusing on digital acceleration, cloud infrastructure is vital to have. Being able to conveniently store and access company data is paramount as companies are still pushing their projects and innovations amidst these troubled times. Investors and companies seem to be aware of these trends. For instance, Microsoft (NASDAQ: MSFT) has enjoyed a strong increase in revenue in the cloud segment as reflected from their latest financials.\nThere’s no denying that valuations are still high despite the recent pullback. Some say thesetop cloud stocksare priced to perfection. As such, when there’s a slight disappointment in their earnings report, it is enough to send these stocks sliding. But technology is sticky. Many companies are not going to uproot their software abruptly. The benefits from cloud apps will continue to manifest even after offices reopen. Thus, many of the best cloud stocks to watch will continue to benefit. Let’s put it this way. You can think of it as the growth being pulled forward, but there is still plenty of growth ahead.\nWith the increasing viability of cloud computing, it could appear to some as a profitable endeavor. However, there is no such thing as easy gains. Even the most seasoned investors would have a challenge sorting the wheat from the chaff in this ever-growing industry. Some may stay clear from cloud stocks amid the recent weakness, but others may see the dip as an opportunity to buy at discounts. If you are with the latter, do you have these cloud stocks on your watchlist in thestock market today?\nCloud Computing Stocks To Watch In 2021\n\nCloudflare Inc.(NYSE: NET)\nFastly Inc.(NYSE: FSLY)\nAmazon.com Inc.(NASDAQ: AMZN)\nTwilio Inc.(NYSE: TWLO)\n\nCloudflare\nCloudflare is possibly one of the most exciting cloud companies to look out for if you are investing for the long term. For those unfamiliar with the business, Cloudflare’s aim is to build a better and safer internet. Some of the company’s potential growth drivers include serverless computing, internet of things (IoT), and 5G. These present massive opportunities for the company to tap into. With more businesses moving their operations to the cloud, Cloudflare could see explosive growth in this burgeoning cybersecurity industry. That’s because of its role in safeguarding and speeding up the internet.\nSource: TD Ameritrade TOS\n“Firing on all cylinders, we’ve already announced or delivered more than 100 products and capabilities this year. There’s no slowing down as we continue to deliver business-critical offerings and displace point solutions with Cloudflare’s robust global network.”-Matthew Prince, CEO, and co-founder.\nThe company reported its first-quarter earnings on Thursday, in which revenue rose 51% year-over-year to $138.1 million. The network security and content delivery network (CDN) provider also sees strong large customer growth, with a record addition of roughly 120 large customers in the quarter. More importantly, large customers now represent greater than 50% of revenue. Following these earnings, the NET stock is now trading 7.14% higher in pre-market trading as of 7.09 a.m. ET. With such strong fundamentals, should investors buy NET stock right now?\n[Read More] Best Tech Stocks To Buy Now? 4 Names To Know\nFastly\nFastly was one hot stock to watch in 2020. The company is a key player in the CDN space. Arguably, the real trick up Fastly’s sleeves are its edge computing capabilities. But the reason many investors are paying attention to Fastly right now is that FSLY stock was tumbling, closing nearly 30% lower on Thursday’s intraday trading. This came as the edge-computing specialist came up slightly short of estimates in its first-quarter earnings report. Separately, CFO Adriel Lares stepping down as CFO also spooked investors.\nSource: TD Ameritrade TOS\nBut let’s take a step back and digest these earnings carefully. Do you think FSLY stock is being overly punished here? Fastly’s revenue came in 35% in the quarter to $84.9 million, which was only slightly short of estimates at $85.1 million. While the net retention rate was slightly lower than its previous quarter, its total customer count actually increased from 2,084 in the fourth quarter to 2,207. Sure, the company may have missed top and bottom-line estimates, but the difference was only marginal.\nAccording to CEO Joshua Bixby, the company observed that many of the trends that emerged last year appear to have become permanent, even as the economy reopens. He believes Fastly is uniquely positioned to serve companies as they adjust to this new reality. Thus, would you consider buying FSLY stock on the dip?\nRead More\n\nHot Stocks To Buy? 4 Growth Stocks To Watch\nMost Active Stocks To Buy Today? 4 Renewable Energy Stocks To Consider\n\nAmazon.com\nAmazon is a multinational technology company that focuses on e-commerce and cloud computing. The company has been one of the most influential economic forces in the world and is also one of the world’s most valuable brands. AMZN stock surged to an all-time high of $3,554 before retreating to a current level of around $3,300. That initially seems like a “buy the rumor, sell the news” kind of trade for traders, especially after a strong earnings beat.\nSource: TD Ameritrade TOS\nAn interesting fact is, not only are traders taking some profit, CEO Jeff Bezos this week sold nearly $2 billion worth of AMZN stock. He previously said he’d sell about $1 billion in AMZN stock each year to fund his space exploration company, Blue Origin.\nIn case you have missed it, the company reported net sales of $108.5 billion in the first quarter, a 44% increase year-over-year. Net income increased to $8.1 billion for the quarter or $15.79 per diluted share. The company also ended the quarter with a free cash flow of $26.4 billion. Looking ahead, Amazon said it expects to generate revenue between $110 billion and $116 billion for Q2. All things considered, would you say that AMZN stock is trading at an attractive valuation right now?\n[Read More] 4 Top Fintech Stocks To Watch After PayPal Reported Record Earnings\nTwilio\nAfter easily beating its own forecast for a fifth consecutive quarter amid strong pandemic growth, some investors were surprised why Twilio stocks were pulling back on Thursday’s intraday trading. Despite having posted a strong first-quarter earnings report on Wednesday, TWLO stock didn’t receive an immediate boost and many are punishing the stock because the company projected a June quarter loss that would be wider than Wall Street has been expecting.\nSource: TD Ameritrade TOS\nFor the quarter, revenue came in 62% higher to $590 million, beating analysts’ estimates of $532.9 million. The company also posted a dollar-based net expansion rate of 133%. This simply means that existing customers increased their spending by 33%. Overall, the company has brought in another solid quarter, but investors appear to be treading cautiously.\nCEO Jeff Lawson believes the shift in the way companies engage with their customers is driving a generational opportunity for Twilio. Now, TWLO stock is not exactly cheap by any measure. However, if you believe that the company could grow into its valuation, should you buy TWLO stock on its recent weakness?","news_type":1,"symbols_score_info":{"FSLY":0.9,"NET":0.9,"TWLO":0.9,"AMZN":0.9}},"isVote":1,"tweetType":1,"viewCount":728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376602014,"gmtCreate":1619106080938,"gmtModify":1704719812996,"author":{"id":"3571614044609884","authorId":"3571614044609884","name":"Cyou2","avatar":"https://static.tigerbbs.com/3a385102af21e008d83ec34e819d2fe8","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571614044609884","idStr":"3571614044609884"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/376602014","repostId":"2129533898","repostType":4,"isVote":1,"tweetType":1,"viewCount":760,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}