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GoldGen
2024-08-15
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Alibaba Is About to Post Earnings. Why the Stock Can Shake Off China’s Economic Struggles
GoldGen
2021-03-05
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Bitcoin may replace bonds, Cathie Wood says
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Why the Stock Can Shake Off China’s Economic Struggles","url":"https://stock-news.laohu8.com/highlight/detail?id=2459889824","media":"Dow Jones","summary":"China’s high-profile economic struggles shouldn’t take too much shine off Alibaba’s stock, according to analysts.Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on ","content":"<html><head></head><body><p style=\"text-align: start;\">China’s high-profile economic struggles shouldn’t take too much shine off Alibaba’s stock, according to analysts.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bab6bd2bb4e51b9c6ff20172ecb44c33\" title=\"Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.\" tg-width=\"949\" tg-height=\"631\"/><span>Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.</span></p><p style=\"text-align: start;\">The e-commerce giant is set to report its earnings for the three months ended June 30 on Thursday. It’s expected to post a profit of 2.03 Hong Kong dollars (26 cents) a share on sales of just under HK$268 billion, per FactSet consensus estimates.</p><p>Alibaba does face threats. Sluggish economic growth and low inflation have weighed on Chinese consumer spending this year, while a seemingly never-ending property-market crisis has eroded household wealth. Upstart rival PDD, which owns Pinduoduo in China and Temu in the U.S., has also chipped away at the company’s market share in recent years.</p><p>But Wall Street still likes the stock. All but eight of the 59 analysts who cover Alibaba have given it a Buy rating, according to FactSet, with a consensus price target of $103.83 implying that shares can jump by nearly a third from their current levels.</p><p>Mizuho Securities analyst James Lee, who sees the stock as a Buy and has set a $92 price target, said in a research note published earlier this month that Alibaba makes sense as a “defensive play” if China’s economy continues to falter.</p><p>Investors are also yet to price in how food delivery, online video, and payments—all of which fall outside the Alibaba’s core e-commerce and cloud businesses—can boost the company’s bottom line, he added.</p><p>As of Wednesday, Alibaba’s Hong Kong-listed shares were up 3.6% for the year, compared with a 0.4% rise for the benchmark Hang Seng stock market index. Its American depositary receipts have climbed 2.5% over the same period.</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>Alibaba Is About to Post Earnings. Why the Stock Can Shake Off China’s Economic Struggles</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\">\nAlibaba Is About to Post Earnings. Why the Stock Can Shake Off China’s Economic Struggles\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\">2024-08-15 14:00</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;\">China’s high-profile economic struggles shouldn’t take too much shine off Alibaba’s stock, according to analysts.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bab6bd2bb4e51b9c6ff20172ecb44c33\" title=\"Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.\" tg-width=\"949\" tg-height=\"631\"/><span>Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.</span></p><p style=\"text-align: start;\">The e-commerce giant is set to report its earnings for the three months ended June 30 on Thursday. It’s expected to post a profit of 2.03 Hong Kong dollars (26 cents) a share on sales of just under HK$268 billion, per FactSet consensus estimates.</p><p>Alibaba does face threats. Sluggish economic growth and low inflation have weighed on Chinese consumer spending this year, while a seemingly never-ending property-market crisis has eroded household wealth. Upstart rival PDD, which owns Pinduoduo in China and Temu in the U.S., has also chipped away at the company’s market share in recent years.</p><p>But Wall Street still likes the stock. All but eight of the 59 analysts who cover Alibaba have given it a Buy rating, according to FactSet, with a consensus price target of $103.83 implying that shares can jump by nearly a third from their current levels.</p><p>Mizuho Securities analyst James Lee, who sees the stock as a Buy and has set a $92 price target, said in a research note published earlier this month that Alibaba makes sense as a “defensive play” if China’s economy continues to falter.</p><p>Investors are also yet to price in how food delivery, online video, and payments—all of which fall outside the Alibaba’s core e-commerce and cloud businesses—can boost the company’s bottom line, he added.</p><p>As of Wednesday, Alibaba’s Hong Kong-listed shares were up 3.6% for the year, compared with a 0.4% rise for the benchmark Hang Seng stock market index. Its American depositary receipts have climbed 2.5% over the same period.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2459889824","content_text":"China’s high-profile economic struggles shouldn’t take too much shine off Alibaba’s stock, according to analysts.Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.The e-commerce giant is set to report its earnings for the three months ended June 30 on Thursday. It’s expected to post a profit of 2.03 Hong Kong dollars (26 cents) a share on sales of just under HK$268 billion, per FactSet consensus estimates.Alibaba does face threats. Sluggish economic growth and low inflation have weighed on Chinese consumer spending this year, while a seemingly never-ending property-market crisis has eroded household wealth. Upstart rival PDD, which owns Pinduoduo in China and Temu in the U.S., has also chipped away at the company’s market share in recent years.But Wall Street still likes the stock. All but eight of the 59 analysts who cover Alibaba have given it a Buy rating, according to FactSet, with a consensus price target of $103.83 implying that shares can jump by nearly a third from their current levels.Mizuho Securities analyst James Lee, who sees the stock as a Buy and has set a $92 price target, said in a research note published earlier this month that Alibaba makes sense as a “defensive play” if China’s economy continues to falter.Investors are also yet to price in how food delivery, online video, and payments—all of which fall outside the Alibaba’s core e-commerce and cloud businesses—can boost the company’s bottom line, he added.As of Wednesday, Alibaba’s Hong Kong-listed shares were up 3.6% for the year, compared with a 0.4% rise for the benchmark Hang Seng stock market index. Its American depositary receipts have climbed 2.5% over the same period.","news_type":1,"symbols_score_info":{"09988":1,"BABA":1}},"isVote":1,"tweetType":1,"viewCount":1552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367327504,"gmtCreate":1614912635308,"gmtModify":1704776908531,"author":{"id":"3577676617755994","authorId":"3577676617755994","name":"GoldGen","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577676617755994","idStr":"3577676617755994"},"themes":[],"htmlText":". ","listText":". ","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367327504","repostId":"2116053570","repostType":2,"repost":{"id":"2116053570","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":1614865860,"share":"https://ttm.financial/m/news/2116053570?lang=en_US&edition=fundamental","pubTime":"2021-03-04 21:51","market":"hk","language":"en","title":"Bitcoin may replace bonds, Cathie Wood says","url":"https://stock-news.laohu8.com/highlight/detail?id=2116053570","media":"Dow Jones","summary":"MW UPDATE: Bitcoin may replace bonds, Cathie Wood says\n\n\n Andrea Riquier \n\n\n 'Fixed income has don","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: Bitcoin may replace bonds, Cathie Wood says\n</p>\n<p>\n Andrea Riquier \n</p>\n<p>\n 'Fixed income has done 40 years of really hard work...If Bitcoin represents a new asset class, why not invest in it?' \n</p>\n<p>\n Bitcoin should be considered a new asset class, <a href=\"https://laohu8.com/S/AONE\">one</a> that may even serve as a reserve currency in the future, ARK Invest's Cathie Wood said Thursday. \n</p>\n<p>\n \"You think about the traditional 60/40 stock-bond portfolio, but look what's happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What's next? We think crypto could be the solution,\" said Wood, who's the founder and CEO of a family of exchange-traded funds based on disruptive technologies . \n</p>\n<p>\n As Wood spoke at a virtual conference sponsored by Bloomberg, bonds continued to sell off and other central banks have pledged to support global economies by buying bonds for as long as it's needed, a policy which has helped Bitcoin gain in value. \n</p>\n<p>\n \"We know there's a concern given all the quantitative easing and the no-rules based monetary policy out there. Fixed income has done 40 years of really hard work,\" Wood said. \"If Bitcoin represents a new asset class, why not invest in it?\" \n</p>\n<p>\n Wood clarified that she still thinks we're in a deflationary environment, not an inflationary <a href=\"https://laohu8.com/S/AONE.U\">one</a>. That's because \"technologically enabled innovation and creative destruction\" brings prices down. \n</p>\n<p>\n Read next: Coronavirus was the perfect storm for tech innovation, and this fund manager made out \n</p>\n<p>\n Still, there are indications investors are searching for an additional asset class, including the performance of gold, Wood pointed out. \n</p>\n<p>\n \"The dollar dropping 7% on a trade-weighed basis last year and falling further this year is another stimulus. It should be a stimulus for gold, but Bitcoin is getting the incremental flows that might go to gold.\" \n</p>\n<p>\n In the year to date, the gold price is down a little more than 6%, while Bitcoin has skyrocketed 75%. \n</p>\n<p>\n Wood pointed to institutions investing in Bitcoin as an example of its becoming more mainstream. \n</p>\n<p>\n Companies like Tesla Inc . and MassMutual are \"using Bitcoin as a hedge against what could go wrong. Cash is supposed to be the ultimate risk-off asset of choice and here we have Bitcoin serving that,\" she said. \n</p>\n<p>\n While some crypto critics say Bitcoin has no use cases, Wood disagrees. \"It represents insurance against unhinged monetary policy and outright wealth segregation in some countries,\" she said. \n</p>\n<p>\n All of that adds up to trillions of dollars of market cap potential, up from about $900-950 billion now, she said. \n</p>\n<p>\n -Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n March 04, 2021 08:51 ET (13:51 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></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>Bitcoin may replace bonds, Cathie Wood says</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\">\nBitcoin may replace bonds, Cathie Wood says\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\">2021-03-04 21:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: Bitcoin may replace bonds, Cathie Wood says\n</p>\n<p>\n Andrea Riquier \n</p>\n<p>\n 'Fixed income has done 40 years of really hard work...If Bitcoin represents a new asset class, why not invest in it?' \n</p>\n<p>\n Bitcoin should be considered a new asset class, <a href=\"https://laohu8.com/S/AONE\">one</a> that may even serve as a reserve currency in the future, ARK Invest's Cathie Wood said Thursday. \n</p>\n<p>\n \"You think about the traditional 60/40 stock-bond portfolio, but look what's happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What's next? We think crypto could be the solution,\" said Wood, who's the founder and CEO of a family of exchange-traded funds based on disruptive technologies . \n</p>\n<p>\n As Wood spoke at a virtual conference sponsored by Bloomberg, bonds continued to sell off and other central banks have pledged to support global economies by buying bonds for as long as it's needed, a policy which has helped Bitcoin gain in value. \n</p>\n<p>\n \"We know there's a concern given all the quantitative easing and the no-rules based monetary policy out there. Fixed income has done 40 years of really hard work,\" Wood said. \"If Bitcoin represents a new asset class, why not invest in it?\" \n</p>\n<p>\n Wood clarified that she still thinks we're in a deflationary environment, not an inflationary <a href=\"https://laohu8.com/S/AONE.U\">one</a>. That's because \"technologically enabled innovation and creative destruction\" brings prices down. \n</p>\n<p>\n Read next: Coronavirus was the perfect storm for tech innovation, and this fund manager made out \n</p>\n<p>\n Still, there are indications investors are searching for an additional asset class, including the performance of gold, Wood pointed out. \n</p>\n<p>\n \"The dollar dropping 7% on a trade-weighed basis last year and falling further this year is another stimulus. It should be a stimulus for gold, but Bitcoin is getting the incremental flows that might go to gold.\" \n</p>\n<p>\n In the year to date, the gold price is down a little more than 6%, while Bitcoin has skyrocketed 75%. \n</p>\n<p>\n Wood pointed to institutions investing in Bitcoin as an example of its becoming more mainstream. \n</p>\n<p>\n Companies like Tesla Inc . and MassMutual are \"using Bitcoin as a hedge against what could go wrong. Cash is supposed to be the ultimate risk-off asset of choice and here we have Bitcoin serving that,\" she said. \n</p>\n<p>\n While some crypto critics say Bitcoin has no use cases, Wood disagrees. \"It represents insurance against unhinged monetary policy and outright wealth segregation in some countries,\" she said. \n</p>\n<p>\n All of that adds up to trillions of dollars of market cap potential, up from about $900-950 billion now, she said. \n</p>\n<p>\n -Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n March 04, 2021 08:51 ET (13:51 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116053570","content_text":"MW UPDATE: Bitcoin may replace bonds, Cathie Wood says\n\n\n Andrea Riquier \n\n\n 'Fixed income has done 40 years of really hard work...If Bitcoin represents a new asset class, why not invest in it?' \n\n\n Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest's Cathie Wood said Thursday. \n\n\n \"You think about the traditional 60/40 stock-bond portfolio, but look what's happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What's next? We think crypto could be the solution,\" said Wood, who's the founder and CEO of a family of exchange-traded funds based on disruptive technologies . \n\n\n As Wood spoke at a virtual conference sponsored by Bloomberg, bonds continued to sell off and other central banks have pledged to support global economies by buying bonds for as long as it's needed, a policy which has helped Bitcoin gain in value. \n\n\n \"We know there's a concern given all the quantitative easing and the no-rules based monetary policy out there. Fixed income has done 40 years of really hard work,\" Wood said. \"If Bitcoin represents a new asset class, why not invest in it?\" \n\n\n Wood clarified that she still thinks we're in a deflationary environment, not an inflationary one. That's because \"technologically enabled innovation and creative destruction\" brings prices down. \n\n\n Read next: Coronavirus was the perfect storm for tech innovation, and this fund manager made out \n\n\n Still, there are indications investors are searching for an additional asset class, including the performance of gold, Wood pointed out. \n\n\n \"The dollar dropping 7% on a trade-weighed basis last year and falling further this year is another stimulus. It should be a stimulus for gold, but Bitcoin is getting the incremental flows that might go to gold.\" \n\n\n In the year to date, the gold price is down a little more than 6%, while Bitcoin has skyrocketed 75%. \n\n\n Wood pointed to institutions investing in Bitcoin as an example of its becoming more mainstream. \n\n\n Companies like Tesla Inc . and MassMutual are \"using Bitcoin as a hedge against what could go wrong. Cash is supposed to be the ultimate risk-off asset of choice and here we have Bitcoin serving that,\" she said. \n\n\n While some crypto critics say Bitcoin has no use cases, Wood disagrees. \"It represents insurance against unhinged monetary policy and outright wealth segregation in some countries,\" she said. \n\n\n All of that adds up to trillions of dollars of market cap potential, up from about $900-950 billion now, she said. \n\n\n -Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n March 04, 2021 08:51 ET (13:51 GMT)\n\n\n Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"ARKIU":1}},"isVote":1,"tweetType":1,"viewCount":2837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":338729737228656,"gmtCreate":1723701827626,"gmtModify":1723704292089,"author":{"id":"3577676617755994","authorId":"3577676617755994","name":"GoldGen","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577676617755994","authorIdStr":"3577676617755994"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/338729737228656","repostId":"2459889824","repostType":2,"repost":{"id":"2459889824","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":1723701600,"share":"https://ttm.financial/m/news/2459889824?lang=en_US&edition=fundamental","pubTime":"2024-08-15 14:00","market":"us","language":"en","title":"Alibaba Is About to Post Earnings. Why the Stock Can Shake Off China’s Economic Struggles","url":"https://stock-news.laohu8.com/highlight/detail?id=2459889824","media":"Dow Jones","summary":"China’s high-profile economic struggles shouldn’t take too much shine off Alibaba’s stock, according to analysts.Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on ","content":"<html><head></head><body><p style=\"text-align: start;\">China’s high-profile economic struggles shouldn’t take too much shine off Alibaba’s stock, according to analysts.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bab6bd2bb4e51b9c6ff20172ecb44c33\" title=\"Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.\" tg-width=\"949\" tg-height=\"631\"/><span>Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.</span></p><p style=\"text-align: start;\">The e-commerce giant is set to report its earnings for the three months ended June 30 on Thursday. It’s expected to post a profit of 2.03 Hong Kong dollars (26 cents) a share on sales of just under HK$268 billion, per FactSet consensus estimates.</p><p>Alibaba does face threats. Sluggish economic growth and low inflation have weighed on Chinese consumer spending this year, while a seemingly never-ending property-market crisis has eroded household wealth. Upstart rival PDD, which owns Pinduoduo in China and Temu in the U.S., has also chipped away at the company’s market share in recent years.</p><p>But Wall Street still likes the stock. All but eight of the 59 analysts who cover Alibaba have given it a Buy rating, according to FactSet, with a consensus price target of $103.83 implying that shares can jump by nearly a third from their current levels.</p><p>Mizuho Securities analyst James Lee, who sees the stock as a Buy and has set a $92 price target, said in a research note published earlier this month that Alibaba makes sense as a “defensive play” if China’s economy continues to falter.</p><p>Investors are also yet to price in how food delivery, online video, and payments—all of which fall outside the Alibaba’s core e-commerce and cloud businesses—can boost the company’s bottom line, he added.</p><p>As of Wednesday, Alibaba’s Hong Kong-listed shares were up 3.6% for the year, compared with a 0.4% rise for the benchmark Hang Seng stock market index. Its American depositary receipts have climbed 2.5% over the same period.</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>Alibaba Is About to Post Earnings. Why the Stock Can Shake Off China’s Economic Struggles</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\">\nAlibaba Is About to Post Earnings. Why the Stock Can Shake Off China’s Economic Struggles\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\">2024-08-15 14:00</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;\">China’s high-profile economic struggles shouldn’t take too much shine off Alibaba’s stock, according to analysts.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/bab6bd2bb4e51b9c6ff20172ecb44c33\" title=\"Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.\" tg-width=\"949\" tg-height=\"631\"/><span>Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.</span></p><p style=\"text-align: start;\">The e-commerce giant is set to report its earnings for the three months ended June 30 on Thursday. It’s expected to post a profit of 2.03 Hong Kong dollars (26 cents) a share on sales of just under HK$268 billion, per FactSet consensus estimates.</p><p>Alibaba does face threats. Sluggish economic growth and low inflation have weighed on Chinese consumer spending this year, while a seemingly never-ending property-market crisis has eroded household wealth. Upstart rival PDD, which owns Pinduoduo in China and Temu in the U.S., has also chipped away at the company’s market share in recent years.</p><p>But Wall Street still likes the stock. All but eight of the 59 analysts who cover Alibaba have given it a Buy rating, according to FactSet, with a consensus price target of $103.83 implying that shares can jump by nearly a third from their current levels.</p><p>Mizuho Securities analyst James Lee, who sees the stock as a Buy and has set a $92 price target, said in a research note published earlier this month that Alibaba makes sense as a “defensive play” if China’s economy continues to falter.</p><p>Investors are also yet to price in how food delivery, online video, and payments—all of which fall outside the Alibaba’s core e-commerce and cloud businesses—can boost the company’s bottom line, he added.</p><p>As of Wednesday, Alibaba’s Hong Kong-listed shares were up 3.6% for the year, compared with a 0.4% rise for the benchmark Hang Seng stock market index. Its American depositary receipts have climbed 2.5% over the same period.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2459889824","content_text":"China’s high-profile economic struggles shouldn’t take too much shine off Alibaba’s stock, according to analysts.Chinese e-commerce giant Alibaba is set to report its earnings for the June quarter on Thursday.The e-commerce giant is set to report its earnings for the three months ended June 30 on Thursday. It’s expected to post a profit of 2.03 Hong Kong dollars (26 cents) a share on sales of just under HK$268 billion, per FactSet consensus estimates.Alibaba does face threats. Sluggish economic growth and low inflation have weighed on Chinese consumer spending this year, while a seemingly never-ending property-market crisis has eroded household wealth. Upstart rival PDD, which owns Pinduoduo in China and Temu in the U.S., has also chipped away at the company’s market share in recent years.But Wall Street still likes the stock. All but eight of the 59 analysts who cover Alibaba have given it a Buy rating, according to FactSet, with a consensus price target of $103.83 implying that shares can jump by nearly a third from their current levels.Mizuho Securities analyst James Lee, who sees the stock as a Buy and has set a $92 price target, said in a research note published earlier this month that Alibaba makes sense as a “defensive play” if China’s economy continues to falter.Investors are also yet to price in how food delivery, online video, and payments—all of which fall outside the Alibaba’s core e-commerce and cloud businesses—can boost the company’s bottom line, he added.As of Wednesday, Alibaba’s Hong Kong-listed shares were up 3.6% for the year, compared with a 0.4% rise for the benchmark Hang Seng stock market index. Its American depositary receipts have climbed 2.5% over the same period.","news_type":1,"symbols_score_info":{"09988":1,"BABA":1}},"isVote":1,"tweetType":1,"viewCount":1552,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367327504,"gmtCreate":1614912635308,"gmtModify":1704776908531,"author":{"id":"3577676617755994","authorId":"3577676617755994","name":"GoldGen","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577676617755994","authorIdStr":"3577676617755994"},"themes":[],"htmlText":". ","listText":". ","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367327504","repostId":"2116053570","repostType":2,"repost":{"id":"2116053570","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":1614865860,"share":"https://ttm.financial/m/news/2116053570?lang=en_US&edition=fundamental","pubTime":"2021-03-04 21:51","market":"hk","language":"en","title":"Bitcoin may replace bonds, Cathie Wood says","url":"https://stock-news.laohu8.com/highlight/detail?id=2116053570","media":"Dow Jones","summary":"MW UPDATE: Bitcoin may replace bonds, Cathie Wood says\n\n\n Andrea Riquier \n\n\n 'Fixed income has don","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: Bitcoin may replace bonds, Cathie Wood says\n</p>\n<p>\n Andrea Riquier \n</p>\n<p>\n 'Fixed income has done 40 years of really hard work...If Bitcoin represents a new asset class, why not invest in it?' \n</p>\n<p>\n Bitcoin should be considered a new asset class, <a href=\"https://laohu8.com/S/AONE\">one</a> that may even serve as a reserve currency in the future, ARK Invest's Cathie Wood said Thursday. \n</p>\n<p>\n \"You think about the traditional 60/40 stock-bond portfolio, but look what's happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What's next? We think crypto could be the solution,\" said Wood, who's the founder and CEO of a family of exchange-traded funds based on disruptive technologies . \n</p>\n<p>\n As Wood spoke at a virtual conference sponsored by Bloomberg, bonds continued to sell off and other central banks have pledged to support global economies by buying bonds for as long as it's needed, a policy which has helped Bitcoin gain in value. \n</p>\n<p>\n \"We know there's a concern given all the quantitative easing and the no-rules based monetary policy out there. Fixed income has done 40 years of really hard work,\" Wood said. \"If Bitcoin represents a new asset class, why not invest in it?\" \n</p>\n<p>\n Wood clarified that she still thinks we're in a deflationary environment, not an inflationary <a href=\"https://laohu8.com/S/AONE.U\">one</a>. That's because \"technologically enabled innovation and creative destruction\" brings prices down. \n</p>\n<p>\n Read next: Coronavirus was the perfect storm for tech innovation, and this fund manager made out \n</p>\n<p>\n Still, there are indications investors are searching for an additional asset class, including the performance of gold, Wood pointed out. \n</p>\n<p>\n \"The dollar dropping 7% on a trade-weighed basis last year and falling further this year is another stimulus. It should be a stimulus for gold, but Bitcoin is getting the incremental flows that might go to gold.\" \n</p>\n<p>\n In the year to date, the gold price is down a little more than 6%, while Bitcoin has skyrocketed 75%. \n</p>\n<p>\n Wood pointed to institutions investing in Bitcoin as an example of its becoming more mainstream. \n</p>\n<p>\n Companies like Tesla Inc . and MassMutual are \"using Bitcoin as a hedge against what could go wrong. Cash is supposed to be the ultimate risk-off asset of choice and here we have Bitcoin serving that,\" she said. \n</p>\n<p>\n While some crypto critics say Bitcoin has no use cases, Wood disagrees. \"It represents insurance against unhinged monetary policy and outright wealth segregation in some countries,\" she said. \n</p>\n<p>\n All of that adds up to trillions of dollars of market cap potential, up from about $900-950 billion now, she said. \n</p>\n<p>\n -Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n March 04, 2021 08:51 ET (13:51 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></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>Bitcoin may replace bonds, Cathie Wood says</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\">\nBitcoin may replace bonds, Cathie Wood says\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\">2021-03-04 21:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW UPDATE: Bitcoin may replace bonds, Cathie Wood says\n</p>\n<p>\n Andrea Riquier \n</p>\n<p>\n 'Fixed income has done 40 years of really hard work...If Bitcoin represents a new asset class, why not invest in it?' \n</p>\n<p>\n Bitcoin should be considered a new asset class, <a href=\"https://laohu8.com/S/AONE\">one</a> that may even serve as a reserve currency in the future, ARK Invest's Cathie Wood said Thursday. \n</p>\n<p>\n \"You think about the traditional 60/40 stock-bond portfolio, but look what's happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What's next? We think crypto could be the solution,\" said Wood, who's the founder and CEO of a family of exchange-traded funds based on disruptive technologies . \n</p>\n<p>\n As Wood spoke at a virtual conference sponsored by Bloomberg, bonds continued to sell off and other central banks have pledged to support global economies by buying bonds for as long as it's needed, a policy which has helped Bitcoin gain in value. \n</p>\n<p>\n \"We know there's a concern given all the quantitative easing and the no-rules based monetary policy out there. Fixed income has done 40 years of really hard work,\" Wood said. \"If Bitcoin represents a new asset class, why not invest in it?\" \n</p>\n<p>\n Wood clarified that she still thinks we're in a deflationary environment, not an inflationary <a href=\"https://laohu8.com/S/AONE.U\">one</a>. That's because \"technologically enabled innovation and creative destruction\" brings prices down. \n</p>\n<p>\n Read next: Coronavirus was the perfect storm for tech innovation, and this fund manager made out \n</p>\n<p>\n Still, there are indications investors are searching for an additional asset class, including the performance of gold, Wood pointed out. \n</p>\n<p>\n \"The dollar dropping 7% on a trade-weighed basis last year and falling further this year is another stimulus. It should be a stimulus for gold, but Bitcoin is getting the incremental flows that might go to gold.\" \n</p>\n<p>\n In the year to date, the gold price is down a little more than 6%, while Bitcoin has skyrocketed 75%. \n</p>\n<p>\n Wood pointed to institutions investing in Bitcoin as an example of its becoming more mainstream. \n</p>\n<p>\n Companies like Tesla Inc . and MassMutual are \"using Bitcoin as a hedge against what could go wrong. Cash is supposed to be the ultimate risk-off asset of choice and here we have Bitcoin serving that,\" she said. \n</p>\n<p>\n While some crypto critics say Bitcoin has no use cases, Wood disagrees. \"It represents insurance against unhinged monetary policy and outright wealth segregation in some countries,\" she said. \n</p>\n<p>\n All of that adds up to trillions of dollars of market cap potential, up from about $900-950 billion now, she said. \n</p>\n<p>\n -Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n March 04, 2021 08:51 ET (13:51 GMT)\n</p>\n<p>\n Copyright (c) 2021 Dow Jones & Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2116053570","content_text":"MW UPDATE: Bitcoin may replace bonds, Cathie Wood says\n\n\n Andrea Riquier \n\n\n 'Fixed income has done 40 years of really hard work...If Bitcoin represents a new asset class, why not invest in it?' \n\n\n Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest's Cathie Wood said Thursday. \n\n\n \"You think about the traditional 60/40 stock-bond portfolio, but look what's happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What's next? We think crypto could be the solution,\" said Wood, who's the founder and CEO of a family of exchange-traded funds based on disruptive technologies . \n\n\n As Wood spoke at a virtual conference sponsored by Bloomberg, bonds continued to sell off and other central banks have pledged to support global economies by buying bonds for as long as it's needed, a policy which has helped Bitcoin gain in value. \n\n\n \"We know there's a concern given all the quantitative easing and the no-rules based monetary policy out there. Fixed income has done 40 years of really hard work,\" Wood said. \"If Bitcoin represents a new asset class, why not invest in it?\" \n\n\n Wood clarified that she still thinks we're in a deflationary environment, not an inflationary one. That's because \"technologically enabled innovation and creative destruction\" brings prices down. \n\n\n Read next: Coronavirus was the perfect storm for tech innovation, and this fund manager made out \n\n\n Still, there are indications investors are searching for an additional asset class, including the performance of gold, Wood pointed out. \n\n\n \"The dollar dropping 7% on a trade-weighed basis last year and falling further this year is another stimulus. It should be a stimulus for gold, but Bitcoin is getting the incremental flows that might go to gold.\" \n\n\n In the year to date, the gold price is down a little more than 6%, while Bitcoin has skyrocketed 75%. \n\n\n Wood pointed to institutions investing in Bitcoin as an example of its becoming more mainstream. \n\n\n Companies like Tesla Inc . and MassMutual are \"using Bitcoin as a hedge against what could go wrong. Cash is supposed to be the ultimate risk-off asset of choice and here we have Bitcoin serving that,\" she said. \n\n\n While some crypto critics say Bitcoin has no use cases, Wood disagrees. \"It represents insurance against unhinged monetary policy and outright wealth segregation in some countries,\" she said. \n\n\n All of that adds up to trillions of dollars of market cap potential, up from about $900-950 billion now, she said. \n\n\n -Andrea Riquier; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n March 04, 2021 08:51 ET (13:51 GMT)\n\n\n Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1,"symbols_score_info":{"ARKIU":1}},"isVote":1,"tweetType":1,"viewCount":2837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
