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02-22

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chip maker’s investment is a hedge against Google and a way to keep demand for its chips, an analyst says.","content":"<html><head></head><body><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> may be pulling back on its $100 billion infrastructure agreement with OpenAI, but the relationship between the companies is crucial to the chip maker maintaining its dominance over an emerging competitor, according to an analyst.</p><p style=\"text-align: start;\">D.A. Davidson managing director Gil Luria sees Nvidia as “highly motivated” to make investments in the ChatGPT maker, as it is “the main counterweight to Google,” he told MarketWatch. Though reports suggest that the $100 billion investment, which grabbed headlines when it was announced in September, is now uncertain, Nvidia is still reportedly planning to invest in the AI startup’s upcoming funding round.</p><p>While Nvidia’s graphics processing units have dominated the AI-chip market, the company is facing growing competition from custom chip projects, including <a href=\"https://laohu8.com/S/GOOG\">Google</a>’s tensor processing units that have been codeveloped with <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a> for more than a decade. Google’s TPUs are used to train and run its Gemini AI models, which have become increasingly competitive with OpenAI’s offerings.</p><p><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> have reason to back OpenAI too, Luria said in an email to MarketWatch, as they fear Google could win the market for consumer AI as it did the market for search.</p><p style=\"text-align: start;\">Therefore, the companies “are trying to give OpenAI enough resources to maintain its current ChatGPT lead,” he said.</p><p style=\"text-align: start;\">The Financial Times reported on Thursday evening that Nvidia is replacing its long-term agreement to invest up to $100 billion in OpenAI with a $30 billion investment in the AI startup’s upcoming funding round, citing unnamed people familiar with the matter. Under the partnership that was announced in September, Nvidia said that it would make incremental investments as each gigawatt of its GPUs is rolled out to support OpenAI’s data-center buildout. OpenAI said that it planned to deploy 10 gigawatts’ worth of Nvidia’s systems.</p><p style=\"text-align: start;\">Luria said, however, that he thinks the $30 billion investment is separate from the $100 billion infrastructure deal. CNBC reported on Thursday evening that the investments are not related.</p><p style=\"text-align: start;\">“Given Nvidia’s substantial cash position and cash flow, it sees this as the best investment available to stimulate demand for its products,” Luria said.</p><p style=\"text-align: start;\">The partnership between OpenAI and Nvidia sparked concerns among investors about circular financing, as part of the investment would be used to buy Nvidia’s systems. OpenAI also announced partnerships with <a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a> and Broadcom to deploy their AI chips. The AI startup would use money from its new funding round to buy Nvidia’s chips, the Financial Times reported.</p><p style=\"text-align: start;\">Nvidia declined to comment, and OpenAI did not respond to a request for comment from MarketWatch.</p><p style=\"text-align: start;\">In late January, the Wall Street Journal reported that the $100 billion investment was “stalled” due to concerns from Nvidia, including over OpenAI’s competition with rival AI-model makers Anthropic and Google.</p></body></html>","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 Nvidia Is \"Highly Motivated\" to Keep Investing in OpenAI</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 Nvidia Is \"Highly Motivated\" to Keep Investing in OpenAI\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\">2026-02-21 11:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p style=\"text-align: start;\"><a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> may be pulling back on its $100 billion infrastructure agreement with OpenAI, but the relationship between the companies is crucial to the chip maker maintaining its dominance over an emerging competitor, according to an analyst.</p><p style=\"text-align: start;\">D.A. Davidson managing director Gil Luria sees Nvidia as “highly motivated” to make investments in the ChatGPT maker, as it is “the main counterweight to Google,” he told MarketWatch. Though reports suggest that the $100 billion investment, which grabbed headlines when it was announced in September, is now uncertain, Nvidia is still reportedly planning to invest in the AI startup’s upcoming funding round.</p><p>While Nvidia’s graphics processing units have dominated the AI-chip market, the company is facing growing competition from custom chip projects, including <a href=\"https://laohu8.com/S/GOOG\">Google</a>’s tensor processing units that have been codeveloped with <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a> for more than a decade. Google’s TPUs are used to train and run its Gemini AI models, which have become increasingly competitive with OpenAI’s offerings.</p><p><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> and <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> have reason to back OpenAI too, Luria said in an email to MarketWatch, as they fear Google could win the market for consumer AI as it did the market for search.</p><p style=\"text-align: start;\">Therefore, the companies “are trying to give OpenAI enough resources to maintain its current ChatGPT lead,” he said.</p><p style=\"text-align: start;\">The Financial Times reported on Thursday evening that Nvidia is replacing its long-term agreement to invest up to $100 billion in OpenAI with a $30 billion investment in the AI startup’s upcoming funding round, citing unnamed people familiar with the matter. Under the partnership that was announced in September, Nvidia said that it would make incremental investments as each gigawatt of its GPUs is rolled out to support OpenAI’s data-center buildout. OpenAI said that it planned to deploy 10 gigawatts’ worth of Nvidia’s systems.</p><p style=\"text-align: start;\">Luria said, however, that he thinks the $30 billion investment is separate from the $100 billion infrastructure deal. CNBC reported on Thursday evening that the investments are not related.</p><p style=\"text-align: start;\">“Given Nvidia’s substantial cash position and cash flow, it sees this as the best investment available to stimulate demand for its products,” Luria said.</p><p style=\"text-align: start;\">The partnership between OpenAI and Nvidia sparked concerns among investors about circular financing, as part of the investment would be used to buy Nvidia’s systems. OpenAI also announced partnerships with <a href=\"https://laohu8.com/S/AMD\">Advanced Micro Devices</a> and Broadcom to deploy their AI chips. The AI startup would use money from its new funding round to buy Nvidia’s chips, the Financial Times reported.</p><p style=\"text-align: start;\">Nvidia declined to comment, and OpenAI did not respond to a request for comment from MarketWatch.</p><p style=\"text-align: start;\">In late January, the Wall Street Journal reported that the $100 billion investment was “stalled” due to concerns from Nvidia, including over OpenAI’s competition with rival AI-model makers Anthropic and Google.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4567":"ESG概念","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) 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Davidson managing director Gil Luria sees Nvidia as “highly motivated” to make investments in the ChatGPT maker, as it is “the main counterweight to Google,” he told MarketWatch. Though reports suggest that the $100 billion investment, which grabbed headlines when it was announced in September, is now uncertain, Nvidia is still reportedly planning to invest in the AI startup’s upcoming funding round.While Nvidia’s graphics processing units have dominated the AI-chip market, the company is facing growing competition from custom chip projects, including Google’s tensor processing units that have been codeveloped with Broadcom for more than a decade. Google’s TPUs are used to train and run its Gemini AI models, which have become increasingly competitive with OpenAI’s offerings.Amazon.com and Microsoft have reason to back OpenAI too, Luria said in an email to MarketWatch, as they fear Google could win the market for consumer AI as it did the market for search.Therefore, the companies “are trying to give OpenAI enough resources to maintain its current ChatGPT lead,” he said.The Financial Times reported on Thursday evening that Nvidia is replacing its long-term agreement to invest up to $100 billion in OpenAI with a $30 billion investment in the AI startup’s upcoming funding round, citing unnamed people familiar with the matter. Under the partnership that was announced in September, Nvidia said that it would make incremental investments as each gigawatt of its GPUs is rolled out to support OpenAI’s data-center buildout. OpenAI said that it planned to deploy 10 gigawatts’ worth of Nvidia’s systems.Luria said, however, that he thinks the $30 billion investment is separate from the $100 billion infrastructure deal. CNBC reported on Thursday evening that the investments are not related.“Given Nvidia’s substantial cash position and cash flow, it sees this as the best investment available to stimulate demand for its products,” Luria said.The partnership between OpenAI and Nvidia sparked concerns among investors about circular financing, as part of the investment would be used to buy Nvidia’s systems. OpenAI also announced partnerships with Advanced Micro Devices and Broadcom to deploy their AI chips. The AI startup would use money from its new funding round to buy Nvidia’s chips, the Financial Times reported.Nvidia declined to comment, and OpenAI did not respond to a request for comment from MarketWatch.In late January, the Wall Street Journal reported that the $100 billion investment was “stalled” due to concerns from Nvidia, including over OpenAI’s competition with rival AI-model makers Anthropic and Google.","news_type":1,"symbols_score_info":{"NVDL":0.6,"NVDA":1.85,"NVDQ":0.6,"NVDX":0.6,"NVDS":0.6,"NVDS.UK":0.6,"2NVD.UK":0.6,"NVD2.UK":0.6,"NVDW":0.6,"NVIW.SI":0.6,"3NVD.UK":0.6,"NVII":0.6,"SNVD.UK":0.6,"NVD":0.6,"ANV":0.6,"NVDY":0.6,"NVDD":0.6,"NVD3.UK":0.6,"NVDU":0.6,"DIPS":0.6,"NVDB":0.6,"NVDG":0.6}},"isVote":1,"tweetType":1,"viewCount":1804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380804162883936,"gmtCreate":1734013904662,"gmtModify":1734013907282,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>&nbsp;","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380804162883936","isVote":1,"tweetType":1,"viewCount":4457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":236121643970728,"gmtCreate":1698679580733,"gmtModify":1698679583803,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/236121643970728","repostId":"234641357262864","repostType":1,"repost":{"id":234641357262864,"gmtCreate":1698311576543,"gmtModify":1745315265346,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/d95d339b1f41503e283097a33ab3ba9d","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Join Tiger's Halloween Fun! Win Big!","htmlText":"Hey there, spooky squad! 🎃Halloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","listText":"Hey there, spooky squad! 🎃Halloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","text":"Hey there, spooky squad! 🎃Halloween is coming, and it's time for some fang-tastic fun with our new game - Trick Or Trade! Get ready for some fun, and earn points to win a USD 100 stock voucher and AAPL stock!*In this thrilling game, you'll have just 60 seconds to fend off a gang of mischievous Halloween spirits. It's your job to give them a fright and chase them away with a tap – the more, the merrier!Now, here's the twist: each ghostly friend will require different taps and will reward you with various points.Airy the Apparition - Just one tap, and poof, they vanish. Spooktacularly easy!Bubbles the Water Pixie - Disappears with zero taps - A true magic trick!Rocky the Earth Spirit - You'll need to tap twice to send it packing. He's grounded, you see.Flicker the Embergeist - Another one-ta","images":[{"img":"https://community-static.tradeup.com/news/ad478b709732d53302c395a52fa1c8e1","width":"1200","height":"630"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234641357262864","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914920080,"gmtCreate":1665161434241,"gmtModify":1676537566670,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/XPEV\">$XPeng Inc.(XPEV)$</a><v-v data-views=\"1\"></v-v>","text":"$XPeng Inc.(XPEV)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914920080","isVote":1,"tweetType":1,"viewCount":4550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830839220,"gmtCreate":1629041360760,"gmtModify":1676529915466,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>let go","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>let go","text":"$Bank of America(BAC)$let go","images":[{"img":"https://static.tigerbbs.com/77eda9e07288cf5308971ca067badb60","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/830839220","isVote":1,"tweetType":1,"viewCount":5318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":894425364,"gmtCreate":1628850120958,"gmtModify":1676529874251,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>let go","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>let go","text":"$Bank of America(BAC)$let go","images":[{"img":"https://static.tigerbbs.com/98517989252dae92010c2eef89f6b580","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894425364","isVote":1,"tweetType":1,"viewCount":5081,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":894061775,"gmtCreate":1628778281297,"gmtModify":1676529852631,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>short better buy back !!! It going to ? ? soon","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>short better buy back !!! It going to ? ? soon","text":"$NIO Inc.(NIO)$short better buy back !!! It going to ? ? soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/894061775","isVote":1,"tweetType":1,"viewCount":6189,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":895381341,"gmtCreate":1628724458983,"gmtModify":1676529830173,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>to the moon. Like and share please","listText":"<a href=\"https://laohu8.com/S/NIO\">$NIO Inc.(NIO)$</a>to the moon. Like and share please","text":"$NIO Inc.(NIO)$to the moon. Like and share please","images":[{"img":"https://static.tigerbbs.com/27bead47a58200b99197e0d5599922bb","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895381341","isVote":1,"tweetType":1,"viewCount":4067,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":895383985,"gmtCreate":1628724406747,"gmtModify":1676529830158,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"Go go go","listText":"Go go go","text":"Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/895383985","repostId":"1106699544","repostType":2,"repost":{"id":"1106699544","kind":"news","pubTimestamp":1628723648,"share":"https://ttm.financial/m/news/1106699544?lang=en_US&edition=fundamental","pubTime":"2021-08-12 07:14","market":"hk","language":"en","title":"Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises","url":"https://stock-news.laohu8.com/highlight/detail?id=1106699544","media":"The Street","summary":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.Nio  -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.Rev","content":"<blockquote>\n Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.\n</blockquote>\n<p>Nio&nbsp;(<b>NIO</b>) -Get Report&nbsp;posted better-than-expected second-quarter earnings Wednesday as&nbsp;the Chinese electric vehicle company reported a jump in revenue and raised its guidance.</p>\n<p>Shares of the Shanghai company were essentially flat at $43.99 in after-hours trading.<img src=\"https://static.tigerbbs.com/a746dc007dc46d29bf188a45bbc86aec\" tg-width=\"708\" tg-height=\"524\" referrerpolicy=\"no-referrer\">Nio reported a net loss of&nbsp;7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.</p>\n<p>Revenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.<img src=\"https://static.tigerbbs.com/63e109b5f649ae97d7a9d377b88b71e9\" tg-width=\"1797\" tg-height=\"471\" referrerpolicy=\"no-referrer\">Vehicle sales came to $1.23 billion, up 127% from a year ago.</p>\n<p>The company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.</p>\n<p>Niodelivered 7,931 vehicles in July, up 124.5% year-over-year,&nbsp;but down 1.9% from 8,083 in June.<img src=\"https://static.tigerbbs.com/8bf75d58d683b265aadac1f3bad5be7c\" tg-width=\"1690\" tg-height=\"245\" referrerpolicy=\"no-referrer\">For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.</p>\n<p>Revenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago.&nbsp;FactSet is calling for revenue of $1.32 billion.</p>\n<p>William Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved&nbsp;a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:</p>\n<p>\"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"</p>\n<p>Steven Wei Feng, Nio's chief financial officer, said&nbsp;vehicle margin and gross margin reached 20.3% and 18.6% respectively.</p>\n<p>The increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.</p>\n<p>Last month, Nio&nbsp;saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.</p>","source":"lsy1610613172068","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>Nio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNio Stock: EV Maker's Second-Quarter Loss Narrows as Revenue Rises\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 07:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.\n\nNio (NIO) -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle ...</p>\n\n<a href=\"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.thestreet.com/investing/nio-stock-ev-makers-second-quarter-loss-narrows-as-revenue-rises","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106699544","content_text":"Nio beats Wall Street's expectations as second-quarter vehicle sales surge 127%.\n\nNio (NIO) -Get Report posted better-than-expected second-quarter earnings Wednesday as the Chinese electric vehicle company reported a jump in revenue and raised its guidance.\nShares of the Shanghai company were essentially flat at $43.99 in after-hours trading.Nio reported a net loss of 7 cents a share. The adjusted loss coming to 3 cents a share. Analysts surveyed by FactSet were calling for a loss of 9 cents a share.\nRevenue totaled $1.31 billion, up 127.2% from a year ago. The FactSet consensus called for revenue of $1.30 billion.Vehicle sales came to $1.23 billion, up 127% from a year ago.\nThe company said the increase in vehicle sales in the quarter was mainly attributed to higher deliveries achieved from more product mix offered to Nio's users.\nNiodelivered 7,931 vehicles in July, up 124.5% year-over-year, but down 1.9% from 8,083 in June.For the third quarter, Nio is said it expects to deliver between 23,00 and 25,000 vehicles, up 88.4% to 104.8% from a year ago.\nRevenue for the third quarter is expected to range from $1.38 billion to $1.49 billion, up 96.9% to 112.8% from a year ago. FactSet is calling for revenue of $1.32 billion.\nWilliam Bin Li, Nio's founder, chairman and CEO, said in a statement that the company achieved a record-high quarterly delivery of 21,896 vehicles in the second quarter of 2021:\n\"While the global supply chain still faces uncertainties, we have been working closely with our partners to improve the overall supply chain production capacity,\" Bin said. \"We aim to deliver three new products based on the NIO Technology Platform 2.0 in 2022, including ET7, a flagship premium smart electric sedan.\"\nSteven Wei Feng, Nio's chief financial officer, said vehicle margin and gross margin reached 20.3% and 18.6% respectively.\nThe increase of vehicle margin was mainly driven by the increase of vehicle delivery volume, higher average selling price, as well as lower material cost, the company said.\nLast month, Nio saidthat by the end of 2025it planned to add 3,700 battery-swap stations, which would give it 4,000.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":4425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":892749514,"gmtCreate":1628691244838,"gmtModify":1676529823285,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>let go","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>let go","text":"$Bank of America(BAC)$let go","images":[{"img":"https://static.tigerbbs.com/07313f410d9b32087f7c5e153d066caf","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892749514","isVote":1,"tweetType":1,"viewCount":5161,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":892740231,"gmtCreate":1628691195723,"gmtModify":1676529823261,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"Like and share","listText":"Like and share","text":"Like and share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/892740231","repostId":"2158440044","repostType":2,"repost":{"id":"2158440044","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":1628559242,"share":"https://ttm.financial/m/news/2158440044?lang=en_US&edition=fundamental","pubTime":"2021-08-10 09:34","market":"us","language":"en","title":"Investment bankers to get biggest checks in decade as Wall St. bonuses jump - report","url":"https://stock-news.laohu8.com/highlight/detail?id=2158440044","media":"Reuters","summary":"NEW YORK, Aug 9 (Reuters) - Most Wall Street workers can expect double-digit increases in bonuses th","content":"<p>NEW YORK, Aug 9 (Reuters) - Most Wall Street workers can expect double-digit increases in bonuses this year compared to 2020, while investment bankers could see the biggest checks in roughly a decade, according to a report by compensation consulting firm Johnson Associates Inc.</p>\n<p>Last year, Wall Street bonuses were flat-to-down due to the economic hit from COVID-19 lockdowns, but this year's bounce back shows that financial executives feel their businesses have recovered since the pandemic wiped $21 trillion off the markets between February and March last year, Johnson said.</p>\n<p>\"The industry has performed at a level that last year we thought was impossible,\" said Alan Johnson, whose report is closely watched by financial professionals.</p>\n<p>Investment bankers will take home the biggest bonus checks in around a decade, thanks to an unprecedented surge in deal making this year, he estimates. Bankers who do underwriting work could enjoy a 30-35% increase in their 2021 bonus, while bankers who handle advisory work and equity sales and trading professionals could get 20-25% increases, he estimates.</p>\n<p>Asset managers, hedge fund and private equity workers could see increases of 10-15%, while fixed income traders, retail and commercial bankers should expect bonuses to be flat, Johnson said.</p>\n<p>The analysis is based on second quarter results from 10 asset management firms and eight major investment and commercial banks. Banks will communicate and begin paying out bonuses to staff from January next year.</p>\n<p>In recent months, big banks have stepped up pay for investment bankers, particularly first and second year workers, to compensate them for a workload that is grueling even by industry standards.</p>\n<p>While money is nice, it may not be enough to make staff happy, said Johnson.</p>\n<p>\"It's not really all about the money,\" he said. \"They feel overworked with no end in sight.\"</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>Investment bankers to get biggest checks in decade as Wall St. bonuses jump - report</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\">\nInvestment bankers to get biggest checks in decade as Wall St. bonuses jump - report\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\">2021-08-10 09:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, Aug 9 (Reuters) - Most Wall Street workers can expect double-digit increases in bonuses this year compared to 2020, while investment bankers could see the biggest checks in roughly a decade, according to a report by compensation consulting firm Johnson Associates Inc.</p>\n<p>Last year, Wall Street bonuses were flat-to-down due to the economic hit from COVID-19 lockdowns, but this year's bounce back shows that financial executives feel their businesses have recovered since the pandemic wiped $21 trillion off the markets between February and March last year, Johnson said.</p>\n<p>\"The industry has performed at a level that last year we thought was impossible,\" said Alan Johnson, whose report is closely watched by financial professionals.</p>\n<p>Investment bankers will take home the biggest bonus checks in around a decade, thanks to an unprecedented surge in deal making this year, he estimates. Bankers who do underwriting work could enjoy a 30-35% increase in their 2021 bonus, while bankers who handle advisory work and equity sales and trading professionals could get 20-25% increases, he estimates.</p>\n<p>Asset managers, hedge fund and private equity workers could see increases of 10-15%, while fixed income traders, retail and commercial bankers should expect bonuses to be flat, Johnson said.</p>\n<p>The analysis is based on second quarter results from 10 asset management firms and eight major investment and commercial banks. Banks will communicate and begin paying out bonuses to staff from January next year.</p>\n<p>In recent months, big banks have stepped up pay for investment bankers, particularly first and second year workers, to compensate them for a workload that is grueling even by industry standards.</p>\n<p>While money is nice, it may not be enough to make staff happy, said Johnson.</p>\n<p>\"It's not really all about the money,\" he said. \"They feel overworked with no end in sight.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行","GS":"高盛","MS":"摩根士丹利","JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2158440044","content_text":"NEW YORK, Aug 9 (Reuters) - Most Wall Street workers can expect double-digit increases in bonuses this year compared to 2020, while investment bankers could see the biggest checks in roughly a decade, according to a report by compensation consulting firm Johnson Associates Inc.\nLast year, Wall Street bonuses were flat-to-down due to the economic hit from COVID-19 lockdowns, but this year's bounce back shows that financial executives feel their businesses have recovered since the pandemic wiped $21 trillion off the markets between February and March last year, Johnson said.\n\"The industry has performed at a level that last year we thought was impossible,\" said Alan Johnson, whose report is closely watched by financial professionals.\nInvestment bankers will take home the biggest bonus checks in around a decade, thanks to an unprecedented surge in deal making this year, he estimates. Bankers who do underwriting work could enjoy a 30-35% increase in their 2021 bonus, while bankers who handle advisory work and equity sales and trading professionals could get 20-25% increases, he estimates.\nAsset managers, hedge fund and private equity workers could see increases of 10-15%, while fixed income traders, retail and commercial bankers should expect bonuses to be flat, Johnson said.\nThe analysis is based on second quarter results from 10 asset management firms and eight major investment and commercial banks. Banks will communicate and begin paying out bonuses to staff from January next year.\nIn recent months, big banks have stepped up pay for investment bankers, particularly first and second year workers, to compensate them for a workload that is grueling even by industry standards.\nWhile money is nice, it may not be enough to make staff happy, said Johnson.\n\"It's not really all about the money,\" he said. \"They feel overworked with no end in sight.\"","news_type":1,"symbols_score_info":{"BAC":0.9,"GS":0.9,"JPM":0.9,"MS":0.9}},"isVote":1,"tweetType":1,"viewCount":5182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":896713805,"gmtCreate":1628605021807,"gmtModify":1676529795013,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>like&nbsp;","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>like&nbsp;","text":"$Bank of America(BAC)$like","images":[{"img":"https://static.tigerbbs.com/ee93e02d070f6378805c4e60ad89b1e7","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896713805","isVote":1,"tweetType":1,"viewCount":2300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893260766,"gmtCreate":1628265000455,"gmtModify":1703504323260,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>go&nbsp;","listText":"<a href=\"https://laohu8.com/S/BAC\">$Bank of America(BAC)$</a>go&nbsp;","text":"$Bank of America(BAC)$go","images":[{"img":"https://static.tigerbbs.com/977f9af6424765e5c8243eb313856759","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/893260766","isVote":1,"tweetType":1,"viewCount":2348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":893260395,"gmtCreate":1628264964917,"gmtModify":1703504322595,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"Like and share","listText":"Like and share","text":"Like and share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/893260395","repostId":"1145298738","repostType":4,"repost":{"id":"1145298738","kind":"news","pubTimestamp":1628259150,"share":"https://ttm.financial/m/news/1145298738?lang=en_US&edition=fundamental","pubTime":"2021-08-06 22:12","market":"us","language":"en","title":"\"Enough For Tapering To Start\": Wall Street Reacts To A Blockbuster Jobs Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1145298738","media":"zerohedge","summary":"With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just o","content":"<p>With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, higher employment-to-population, rising wages and hours worked, and favorable revisions, consensus - at least judging by the market reaction - is that we have entered the \"substantial progress\" phase, greenlighting a tapering signal by the Fed at the end of the month during the Jackson Hole symposium.</p>\n<p>And yet there is one potential hurdle: the Delta surge and ensuing restrictions and/or lockdowns: as TD Ameritrade's JJ Kinahan says, \"because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</p>\n<p>Do others agree? Below we have excerpted some analyst and strategist reactions to today's report.</p>\n<p><b>Katherine Judge, CIBC Capital Markets:</b></p>\n<blockquote>\n <i>“With many states set to see the unemployment benefit top-ups expire in early September, healthy job gains should continue ahead, in line with elevated job openings. This print should be enough to allow the Fed to announce an early 2022 tapering of QE at the September meeting.”</i>\n</blockquote>\n<p><b>Chris Turner, head of foreign exchange strategy at ING Bank:</b></p>\n<blockquote>\n <i>The stronger-than-expected jobs report makes it more likely that Federal Reserve Chair Jerome Powell may “drop heavy hints” at the Jackson Hole Symposium later this month, that the central bank may prepare to start tapering over subsequent months. The data is positive for the dollar versus the low-yielders such as the yen and euro. Still, the outlook for the greenback “should not necessarily damage the risk environment....Unless U.S. 10 year yields spike aggressively, high yield EM currencies should see demand on dips”</i>\n</blockquote>\n<p><b>Carl Riccadonna, Bloomberg Intelligence economist:</b></p>\n<blockquote>\n <i>The jobs report is “sturdy, but not as strong as it looks.” In addition to the modest fade in the pace of private-sector hiring (703,000 in July vs. 769,000 in June), much of the July gain occurred in the tenuous leisure and hospitality sector -- and that could easily reverse due to Covid-19, he said. This already appears to be evident in metrics such as OpenTable bookings. “So if we look at private-sector hiring outside of leisure and hospitality, today’s reported gain was 323,000, a bit slower than the prior month’s 375,000.</i>\n <i><b>This tells us that underlying economic momentum is steady-state, not accelerating.”</b></i>\n</blockquote>\n<p><b><i>Neil Dutta, economist at Renaissance Macro</i></b>:</p>\n<blockquote>\n <i>The FOMC could upgrade its language in the September statement to say that the economy is “on track for substantial further progress,” which would lead to a declaration of achievement of substantial further progress in “November at the earliest.”&nbsp; Tapering, in that event, could begin as early as December.</i>\n</blockquote>\n<p><b>JJ Kinahan, chief market strategist at TD Ameritrade:</b></p>\n<blockquote>\n <i>“It’s a great number, there’s no way around that, it really is an impressive number. But I think if we didn’t have this new delta variant coming up, the conversation we’d be having is, is this inflationary, does this mean we’ll go into a taper, etc. But because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”</i>\n</blockquote>\n<p><b>Roberto Perli, head of global policy research at Cornerstone Macro:</b></p>\n<blockquote>\n <i>“The Fed will have one more employment report before the September meeting. Assuming it will be good as well, a plausible base case is for the FOMC to say at the September meeting that the labor market continued to make good progress, and if the progress continues at the recent pace the committee will be in a position to start tapering its asset purchases over the next few months.&nbsp; That would put the onset of tapering in late December or early January.“So bottom line I think the timeline remains the same.&nbsp; It would be hard to start tapering in September because it would go against both the ‘coming meetings’ (plural) language in the July statement and the notion that the FOMC would provide ample notice before actually starting tapering.”</i>\n</blockquote>","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>\"Enough For Tapering To Start\": Wall Street Reacts To A Blockbuster Jobs Report</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\"Enough For Tapering To Start\": Wall Street Reacts To A Blockbuster Jobs Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-06 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/enough-tapering-start-wall-street-reacts-blockbuster-jobs-report><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/enough-tapering-start-wall-street-reacts-blockbuster-jobs-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/enough-tapering-start-wall-street-reacts-blockbuster-jobs-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145298738","content_text":"With the jobs report coming in at just shy of 1 million jobs on the establishment survey (and just over 1 million on the Household survey), with strong job creation, a big drop in unemployment rate, higher employment-to-population, rising wages and hours worked, and favorable revisions, consensus - at least judging by the market reaction - is that we have entered the \"substantial progress\" phase, greenlighting a tapering signal by the Fed at the end of the month during the Jackson Hole symposium.\nAnd yet there is one potential hurdle: the Delta surge and ensuing restrictions and/or lockdowns: as TD Ameritrade's JJ Kinahan says, \"because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”\nDo others agree? Below we have excerpted some analyst and strategist reactions to today's report.\nKatherine Judge, CIBC Capital Markets:\n\n“With many states set to see the unemployment benefit top-ups expire in early September, healthy job gains should continue ahead, in line with elevated job openings. This print should be enough to allow the Fed to announce an early 2022 tapering of QE at the September meeting.”\n\nChris Turner, head of foreign exchange strategy at ING Bank:\n\nThe stronger-than-expected jobs report makes it more likely that Federal Reserve Chair Jerome Powell may “drop heavy hints” at the Jackson Hole Symposium later this month, that the central bank may prepare to start tapering over subsequent months. The data is positive for the dollar versus the low-yielders such as the yen and euro. Still, the outlook for the greenback “should not necessarily damage the risk environment....Unless U.S. 10 year yields spike aggressively, high yield EM currencies should see demand on dips”\n\nCarl Riccadonna, Bloomberg Intelligence economist:\n\nThe jobs report is “sturdy, but not as strong as it looks.” In addition to the modest fade in the pace of private-sector hiring (703,000 in July vs. 769,000 in June), much of the July gain occurred in the tenuous leisure and hospitality sector -- and that could easily reverse due to Covid-19, he said. This already appears to be evident in metrics such as OpenTable bookings. “So if we look at private-sector hiring outside of leisure and hospitality, today’s reported gain was 323,000, a bit slower than the prior month’s 375,000.\nThis tells us that underlying economic momentum is steady-state, not accelerating.”\n\nNeil Dutta, economist at Renaissance Macro:\n\nThe FOMC could upgrade its language in the September statement to say that the economy is “on track for substantial further progress,” which would lead to a declaration of achievement of substantial further progress in “November at the earliest.”  Tapering, in that event, could begin as early as December.\n\nJJ Kinahan, chief market strategist at TD Ameritrade:\n\n“It’s a great number, there’s no way around that, it really is an impressive number. But I think if we didn’t have this new delta variant coming up, the conversation we’d be having is, is this inflationary, does this mean we’ll go into a taper, etc. But because of the delta variant, until we know a little bit more about that, I think it throws a different wrench in there, where we’re like, OK, now we’re in wait-and-see mode there. Great to see that the jobs are progressing and the economy is progressing -- hopefully by the next jobs report we’ll know if the economy can keep progressing at this pace. Right now it looks like it will.”\n\nRoberto Perli, head of global policy research at Cornerstone Macro:\n\n“The Fed will have one more employment report before the September meeting. Assuming it will be good as well, a plausible base case is for the FOMC to say at the September meeting that the labor market continued to make good progress, and if the progress continues at the recent pace the committee will be in a position to start tapering its asset purchases over the next few months.  That would put the onset of tapering in late December or early January.“So bottom line I think the timeline remains the same.  It would be hard to start tapering in September because it would go against both the ‘coming meetings’ (plural) language in the July statement and the notion that the FOMC would provide ample notice before actually starting tapering.”","news_type":1,"symbols_score_info":{"SPY":0.9,".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899680422,"gmtCreate":1628177848666,"gmtModify":1703502728509,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"Like and commnet","listText":"Like and commnet","text":"Like and commnet","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/899680422","repostId":"2157431025","repostType":4,"isVote":1,"tweetType":1,"viewCount":1898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804308584,"gmtCreate":1627919261348,"gmtModify":1703497972441,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804308584","repostId":"2156511670","repostType":4,"isVote":1,"tweetType":1,"viewCount":2547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806251837,"gmtCreate":1627659790929,"gmtModify":1703494378714,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"Like and share","listText":"Like and share","text":"Like and share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/806251837","repostId":"1125288486","repostType":4,"isVote":1,"tweetType":1,"viewCount":2109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801136925,"gmtCreate":1627486794967,"gmtModify":1703491014690,"author":{"id":"3574157578138399","authorId":"3574157578138399","name":"felixgoh","avatar":"https://static.tigerbbs.com/7c8b58788f010f411f510fa8ffc774b5","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574157578138399","idStr":"3574157578138399"},"themes":[],"title":"","htmlText":"Like and share","listText":"Like and share","text":"Like and share","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801136925","repostId":"1182616893","repostType":4,"repost":{"id":"1182616893","kind":"news","pubTimestamp":1627484855,"share":"https://ttm.financial/m/news/1182616893?lang=en_US&edition=fundamental","pubTime":"2021-07-28 23:07","market":"us","language":"en","title":"Apple: Big Quarter For The World's Greatest Business","url":"https://stock-news.laohu8.com/highlight/detail?id=1182616893","media":"seekingalpha","summary":"Summary\n\nAnother great quarter shows a high price may be justified.\nGrowth in the Services business ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Another great quarter shows a high price may be justified.</li>\n <li>Growth in the Services business is more valuable than products.</li>\n <li>Apple looks like a great company, but a fairly valued one.</li>\n <li>No need to buy here, but no reason to sell either.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a6f7d2554112e4dee2a40087e9bf4cc7\" tg-width=\"768\" tg-height=\"512\" width=\"100%\" height=\"auto\"><span>yalcinsonat1/iStock via Getty Images</span></p>\n<p>After another great quarter, I'm kind of awed by what Apple (AAPL) has accomplished, the number of customers who love their products and the financial results all that brings together. I'm genuinely surprised by how big these earnings numbers get. My goal here is just to explain how I would put a range of valuations on Apple's stock, and then we can work backwards to figure out what kinds of assumptions are \"baked in\" to different stock price levels.</p>\n<p><b>Is this the best business in the world?</b></p>\n<p>No less an authority than Warren Buffett has called Apple \"probably the best business in the world\" and it's easy to understand why. Apple's primary products are the iPhone (with popularaccessories) and Mac computers and the iPad.</p>\n<p>For years I made the mistake of analyzing Apple's products by comparing their capabilities and specifications to other products at similar price points. This was a huge mistake. Rather, the right way to look at it in this case is how people feel about the company.Its products not only make people happy, but they have become part of people's identities. I wouldn't normally fawn over a company or its products in this way in an analytical article, but it's important for the next point I want to make.</p>\n<p>Because Apple's products are so highly valued by its customers, its products have a high consumer surplus (pink area in the graph below):</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb0d32106e13dc45cccafb285b3f3826\" tg-width=\"585\" tg-height=\"579\" width=\"100%\" height=\"auto\"><span>Source:Inomics.com</span></p>\n<p>That is to say that many people would be willing to pay more for what they get from their iPhones. This means two important things for Apple's business. First, they have some room to increase prices over time. Second, it would be very difficult for a competitor to offer something else as satisfying at a similar price. That means that Apple pursues a profit-maximizing strategy by keeping its prices relatively low compared to what it could charge(i.e., how many people do you know who already have iPhones would pick a different phone even if they had to pay an extra $100?).</p>\n<p>And still, the earnings power of the business is enormous.</p>\n<p><b>Third Quarter earnings look great</b></p>\n<p>Apple's third quarter resultswere extremely strong, with almost $82 billion in sales and over $21 billion in net income. News reports have talked about year-over-year growth and I assumed that Apple would be merely overcoming an \"easy comp\" since one year ago was some of the worst of the Covid-19 pandemic and lockdowns. That is to say I expected this quarter to be weak in its own right and subsequent results would not only be coming off an unusually low base, but would also include some delayed purchases as people who would have bought early \"caught up.\"</p>\n<p>Instead I was surprised to find that Apple also grew in the third quarter of 2020 (Apple's fiscal year ends at the end of September, so we're in the third quarter)! This spreadsheet shows how revenue and earnings have grown in the last threeyears' worth of third quarters:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d45679571c0de1db41e28b83d33d6349\" tg-width=\"640\" tg-height=\"203\" width=\"100%\" height=\"auto\"><span>Source: Author, from company earnings reports</span></p>\n<p>So as we can see, Apple in fact grew earnings through both product sales and services in the depths of the pandemic. So if there's an \"easy comp\" problem, it's still in a business that grew anyhow. Just as likely is that without the option to travel or eat in restaurants, people with disposable income were more likely to spend on Apple products.</p>\n<p>This was just a great quarter.</p>\n<p><b>A simple model for Apple's earnings</b></p>\n<p>The job now is to put this in context. I made this chart using Apple's trailing twelve month earnings for the last five years to show not only the scale but also the growth of what we're talking about:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/38d70528687fa0c27af0e4ef2041585d\" tg-width=\"640\" tg-height=\"331\" width=\"100%\" height=\"auto\"><span>Source: Koyfin</span></p>\n<p>For the last four quarters, net income is $86 billion. But as we saw above, Apple breaks its sales into two segments, products and services. And services is growing apace.</p>\n<p>These two items from Apple's last annual report tell the tale of a growing and increasingly profitable services business:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/639441b9f33b4c8b2f99441d75311cdf\" tg-width=\"640\" tg-height=\"191\" width=\"100%\" height=\"auto\"><span>Source: Apple</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8dd6062dede578f1362242b659308402\" tg-width=\"640\" tg-height=\"156\" width=\"100%\" height=\"auto\"><span>Source: Apple form 10K</span></p>\n<p>As you can see in the first chart, Services revenue grew over three years from almost $40 billion to almost $54 billion, and in the second chart you can see that it became increasingly profitable with gross margins increasing as revenue increased. This is common in software and media endeavors; if your service can pay the bills with 1 million customers and you add another customer for free, each additional one is \"pure profit.\" We can see that these trends have only increased in the first three quarters of this year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/19a271923040bd86ee7f9389e7a14cc2\" tg-width=\"640\" tg-height=\"178\" width=\"100%\" height=\"auto\"><span>Source: Apple form 10Q</span></p>\n<p>So all this is to say that rather than use the $86 billion number to value Apple going forward, I want to put separate multiples on the \"Products\" and \"Services\" businesses.</p>\n<p>For the last nine months, Apple had a gross margin of almost $118 billion. In the same 10Q they reported $32.5 billion in operating expenses and $11.8 billion in income taxes. If we considered these Products and Services assumptions as separate businesses and allocated those expenses and taxes among them, I would do it in proportion to their share of gross margin. So 29% of that $32.5 billion in operating expenses and $11.8 billion in income taxes goes to Services, and 71% to Products.</p>\n<p>For the last nine months, that means Products would have earned $51 billion and Services would have earned $25 billion. I realize this rough number is 2 billion higher than the amount Apple reported as net income, but that's OK since we're making a lot of assumptions here.</p>\n<p>In last year's fourth quarter Apple only earned slightly more than in the third. So to estimate a full year, I'm just multiplying my nine-month numbers by 4/3. I get a full year estimates of the following by segment:</p>\n<p>Products: $68 billion</p>\n<p>Services: $33 billion</p>\n<p>To arrive at a valuation, I want to offer a range of multiples and let the reader find the number that seems most reasonable to her:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/52dfe1fc61655b211e640159d477cad5\" tg-width=\"640\" tg-height=\"133\" width=\"100%\" height=\"auto\"><span>Source: Author</span></p>\n<p>So using my \"back-of-the-envelope\" numbers, I would feel pretty comfortable buying Apple at a 16x multiple for its products business and a 25x multiple for its services, which yields and an enterprise value of $1,088 + $825 = $1,913. Throw in Apple's $89 billion in additional net cash, and I would be interested in buying shares at a market capitalization of $2,002 billion, or about 16% below recent prices - namely $123 per share.</p>\n<p>On the other hand, I would start to be concerned that if we paid more than 25x for the Products business and 33x for the services business that perhaps the valuation is getting ahead of itself. So at a market cap of $1,700 + $1089 + $89 = $2,878 billion or $173 share, I would think that's too high a price to pay today to earn a good return.</p>\n<p><b>Conclusion</b></p>\n<p>There are a lot of things that could go keep Apple from being a good investment, but it's hard to imagine them when looking at results like this. I wouldn't be concerned about someone else building a better phone. Rather what would concern me most are the \"unknown unknowns\" such as some kid of change of technology that makes Apple's advantage in customer satisfaction from the iPhone not that relevant.</p>\n<p>I wish I could reach more of a firm buy/sell conclusion about Apple's share price here, but it looks fairly valued to me based on some reasonable assumptions. I would be interested in buying (or selling puts) below $120 share.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple: Big Quarter For The World's Greatest Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Big Quarter For The World's Greatest Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 23:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4442013-apple-big-quarter-for-the-worlds-greatest-business><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAnother great quarter shows a high price may be justified.\nGrowth in the Services business is more valuable than products.\nApple looks like a great company, but a fairly valued one.\nNo need ...</p>\n\n<a href=\"https://seekingalpha.com/article/4442013-apple-big-quarter-for-the-worlds-greatest-business\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4442013-apple-big-quarter-for-the-worlds-greatest-business","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1182616893","content_text":"Summary\n\nAnother great quarter shows a high price may be justified.\nGrowth in the Services business is more valuable than products.\nApple looks like a great company, but a fairly valued one.\nNo need to buy here, but no reason to sell either.\n\nyalcinsonat1/iStock via Getty Images\nAfter another great quarter, I'm kind of awed by what Apple (AAPL) has accomplished, the number of customers who love their products and the financial results all that brings together. I'm genuinely surprised by how big these earnings numbers get. My goal here is just to explain how I would put a range of valuations on Apple's stock, and then we can work backwards to figure out what kinds of assumptions are \"baked in\" to different stock price levels.\nIs this the best business in the world?\nNo less an authority than Warren Buffett has called Apple \"probably the best business in the world\" and it's easy to understand why. Apple's primary products are the iPhone (with popularaccessories) and Mac computers and the iPad.\nFor years I made the mistake of analyzing Apple's products by comparing their capabilities and specifications to other products at similar price points. This was a huge mistake. Rather, the right way to look at it in this case is how people feel about the company.Its products not only make people happy, but they have become part of people's identities. I wouldn't normally fawn over a company or its products in this way in an analytical article, but it's important for the next point I want to make.\nBecause Apple's products are so highly valued by its customers, its products have a high consumer surplus (pink area in the graph below):\nSource:Inomics.com\nThat is to say that many people would be willing to pay more for what they get from their iPhones. This means two important things for Apple's business. First, they have some room to increase prices over time. Second, it would be very difficult for a competitor to offer something else as satisfying at a similar price. That means that Apple pursues a profit-maximizing strategy by keeping its prices relatively low compared to what it could charge(i.e., how many people do you know who already have iPhones would pick a different phone even if they had to pay an extra $100?).\nAnd still, the earnings power of the business is enormous.\nThird Quarter earnings look great\nApple's third quarter resultswere extremely strong, with almost $82 billion in sales and over $21 billion in net income. News reports have talked about year-over-year growth and I assumed that Apple would be merely overcoming an \"easy comp\" since one year ago was some of the worst of the Covid-19 pandemic and lockdowns. That is to say I expected this quarter to be weak in its own right and subsequent results would not only be coming off an unusually low base, but would also include some delayed purchases as people who would have bought early \"caught up.\"\nInstead I was surprised to find that Apple also grew in the third quarter of 2020 (Apple's fiscal year ends at the end of September, so we're in the third quarter)! This spreadsheet shows how revenue and earnings have grown in the last threeyears' worth of third quarters:\nSource: Author, from company earnings reports\nSo as we can see, Apple in fact grew earnings through both product sales and services in the depths of the pandemic. So if there's an \"easy comp\" problem, it's still in a business that grew anyhow. Just as likely is that without the option to travel or eat in restaurants, people with disposable income were more likely to spend on Apple products.\nThis was just a great quarter.\nA simple model for Apple's earnings\nThe job now is to put this in context. I made this chart using Apple's trailing twelve month earnings for the last five years to show not only the scale but also the growth of what we're talking about:\nSource: Koyfin\nFor the last four quarters, net income is $86 billion. But as we saw above, Apple breaks its sales into two segments, products and services. And services is growing apace.\nThese two items from Apple's last annual report tell the tale of a growing and increasingly profitable services business:\nSource: Apple\nSource: Apple form 10K\nAs you can see in the first chart, Services revenue grew over three years from almost $40 billion to almost $54 billion, and in the second chart you can see that it became increasingly profitable with gross margins increasing as revenue increased. This is common in software and media endeavors; if your service can pay the bills with 1 million customers and you add another customer for free, each additional one is \"pure profit.\" We can see that these trends have only increased in the first three quarters of this year:\nSource: Apple form 10Q\nSo all this is to say that rather than use the $86 billion number to value Apple going forward, I want to put separate multiples on the \"Products\" and \"Services\" businesses.\nFor the last nine months, Apple had a gross margin of almost $118 billion. In the same 10Q they reported $32.5 billion in operating expenses and $11.8 billion in income taxes. If we considered these Products and Services assumptions as separate businesses and allocated those expenses and taxes among them, I would do it in proportion to their share of gross margin. So 29% of that $32.5 billion in operating expenses and $11.8 billion in income taxes goes to Services, and 71% to Products.\nFor the last nine months, that means Products would have earned $51 billion and Services would have earned $25 billion. I realize this rough number is 2 billion higher than the amount Apple reported as net income, but that's OK since we're making a lot of assumptions here.\nIn last year's fourth quarter Apple only earned slightly more than in the third. So to estimate a full year, I'm just multiplying my nine-month numbers by 4/3. I get a full year estimates of the following by segment:\nProducts: $68 billion\nServices: $33 billion\nTo arrive at a valuation, I want to offer a range of multiples and let the reader find the number that seems most reasonable to her:\nSource: Author\nSo using my \"back-of-the-envelope\" numbers, I would feel pretty comfortable buying Apple at a 16x multiple for its products business and a 25x multiple for its services, which yields and an enterprise value of $1,088 + $825 = $1,913. Throw in Apple's $89 billion in additional net cash, and I would be interested in buying shares at a market capitalization of $2,002 billion, or about 16% below recent prices - namely $123 per share.\nOn the other hand, I would start to be concerned that if we paid more than 25x for the Products business and 33x for the services business that perhaps the valuation is getting ahead of itself. So at a market cap of $1,700 + $1089 + $89 = $2,878 billion or $173 share, I would think that's too high a price to pay today to earn a good return.\nConclusion\nThere are a lot of things that could go keep Apple from being a good investment, but it's hard to imagine them when looking at results like this. I wouldn't be concerned about someone else building a better phone. Rather what would concern me most are the \"unknown unknowns\" such as some kid of change of technology that makes Apple's advantage in customer satisfaction from the iPhone not that relevant.\nI wish I could reach more of a firm buy/sell conclusion about Apple's share price here, but it looks fairly valued to me based on some reasonable assumptions. 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