+Follow
ahong2706
No personal profile
128
Follow
10
Followers
0
Topic
0
Badge
Posts
Hot
ahong2706
2021-07-25
Please like leh. thkq
Is IBM Stock Undervalued Or Overvalued? What To Consider
ahong2706
2021-07-23
Like leh tq
Sorry, the original content has been removed
ahong2706
2021-07-06
Bb ftw
Sorry, the original content has been removed
ahong2706
2021-07-29
oiiiiii 3pm like leh yumcha la
Sorry, the original content has been removed
ahong2706
2021-07-20
Bb2dmoon
Nvidia, Blue Origin and Jeff Bezos, Apple, Netflix - 5 Things You Must Know Tuesday
ahong2706
2021-07-30
Like leh. I want applegao
Apple Stock Is Cheap, Here Is Why
ahong2706
2021-07-30
$BlackBerry(BB)
bb2dmoon n mercury
ahong2706
2021-07-25
How about Bb? Pl comment n like leh :)
GameStop: The Game Is Far From Over
ahong2706
2021-07-08
$BlackBerry(BB)$
reverse gear. BB2DMOON
ahong2706
2021-06-04
$Vanguard S&P 500 ETF(VOO)$
Green Tea Frap x)
ahong2706
2021-07-20
2dmoon BB
Sorry, the original content has been removed
ahong2706
2021-07-06
Huat ah! Bb 2d moon leh 40 n up
Sorry, the original content has been removed
ahong2706
2021-06-04
$Tiger Brokers(TIGR)$
money for Kopi
ahong2706
2022-01-04
Like pls
Is Apple Stock Likely To Reach $200 In 2022?
ahong2706
2021-07-29
$BlackBerry(BB)$
LLAILIAOOOOOO
ahong2706
2021-07-28
Ok
Asia shares sit at 2021 lows ahead of Fed verdict
ahong2706
2021-07-28
GE2DMOON ? ?
General Electric's Revival Hangs on Nascent, But Tricky, Aerospace Business
ahong2706
2021-07-25
Yes
Sorry, the original content has been removed
ahong2706
2021-07-24
Like leh...waliew Holland la
Sorry, the original content has been removed
ahong2706
2021-07-12
$BlackBerry(BB)$
2dmoon
Go to Tiger App to see more news
{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3580359170890697","uuid":"3580359170890697","gmtCreate":1617265273206,"gmtModify":1622039311444,"name":"ahong2706","pinyin":"ahong2706","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":10,"headSize":128,"tweetSize":128,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-3","templateUuid":"1026c425416b44e0aac28c11a0848493","name":" Tiger Idol","description":"Join the tiger community for 1500 days","bigImgUrl":"https://static.tigerbbs.com/8b40ae7da5bf081a1c84df14bf9e6367","smallImgUrl":"https://static.tigerbbs.com/f160eceddd7c284a8e1136557615cfad","grayImgUrl":"https://static.tigerbbs.com/11792805c468334a9b31c39f95a41c6a","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2025.05.11","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"hot","tweets":[{"id":9907983167,"gmtCreate":1660126926262,"gmtModify":1703478181355,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"888 ok","listText":"888 ok","text":"888 ok","images":[{"img":"https://community-static.tradeup.com/news/1a2e2c34f1d615057a10f1b59de256fc","width":"1080","height":"2340"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907983167","isVote":1,"tweetType":1,"viewCount":1986,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9907989735,"gmtCreate":1660126868430,"gmtModify":1703478180693,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ADMP\">$Adamis Pharmaceuticals(ADMP)$</a>laihuatla","listText":"<a href=\"https://ttm.financial/S/ADMP\">$Adamis Pharmaceuticals(ADMP)$</a>laihuatla","text":"$Adamis Pharmaceuticals(ADMP)$laihuatla","images":[{"img":"https://community-static.tradeup.com/news/27c93e515d2562169de3314084a42bc6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907989735","isVote":1,"tweetType":1,"viewCount":2560,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9907989225,"gmtCreate":1660126772969,"gmtModify":1703478180198,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Laiii","listText":"Laiii","text":"Laiii","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907989225","repostId":"2258401070","repostType":4,"repost":{"id":"2258401070","kind":"highlight","pubTimestamp":1660136598,"share":"https://ttm.financial/m/news/2258401070?lang=en_US&edition=fundamental","pubTime":"2022-08-10 21:03","market":"other","language":"en","title":"$2 Trillion in Crypto Has Been Wiped Out, Is This a Good Time to Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2258401070","media":"Motley Fool","summary":"How much lower can the crypto market go?","content":"<div>\n<p>How much lower can the crypto market go?Key pointsIn the past eight months the crypto market has lost over $2 trillion in value, 60% from its high.Large crypto funds and platforms have gone under and ...</p>\n\n<a href=\"https://www.fool.com/the-ascent/cryptocurrency/articles/2-trillion-in-crypto-has-been-wiped-out-is-this-a-good-time-to-buy/\">Source Link</a>\n\n</div>\n","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$2 Trillion in Crypto Has Been Wiped Out, Is This a Good Time to Buy?</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$2 Trillion in Crypto Has Been Wiped Out, Is This a Good Time to Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 21:03 GMT+8 <a href=https://www.fool.com/the-ascent/cryptocurrency/articles/2-trillion-in-crypto-has-been-wiped-out-is-this-a-good-time-to-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>How much lower can the crypto market go?Key pointsIn the past eight months the crypto market has lost over $2 trillion in value, 60% from its high.Large crypto funds and platforms have gone under and ...</p>\n\n<a href=\"https://www.fool.com/the-ascent/cryptocurrency/articles/2-trillion-in-crypto-has-been-wiped-out-is-this-a-good-time-to-buy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/the-ascent/cryptocurrency/articles/2-trillion-in-crypto-has-been-wiped-out-is-this-a-good-time-to-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2258401070","content_text":"How much lower can the crypto market go?Key pointsIn the past eight months the crypto market has lost over $2 trillion in value, 60% from its high.Large crypto funds and platforms have gone under and thousands of employees have lost their jobs.Crypto isn't the only investment that has fared poorly this year, the stock market and the economy overall have declined due to high inflation, supply chain issues, the war in Ukraine, and more.The cryptocurrency market has been hit hard this year, losing over $2 trillion in value since reaching its height in 2021. The crypto market reached $3 trillion in November 2021. In eight months, however, the market has dropped by over 60% to about $920 billion, its worst first half year ever. With crypto hitting lows not seen since 2020, is this a good time to buy?Massive lossesIn addition to the huge sell-off, numerous crypto funds and platforms have also gone under. Crypto lender Celsius had $25 billion in assets under management. After declaring bankruptcy last month, it was left with $167 million in cash and owed $4.7 billion to its users.Hedge fund Three Arrows Capital (3AC) managed $10 billion in crypto and now its assets have been frozen by a federal bankruptcy court. Voyager Digital, another popular lending platform with 3.5 million customers, also filed for bankruptcy in the past several weeks.Employees have also felt the sting of crypto's collapse. Coinbase laid off 1,180 employees, almost a fifth of its workforce last month. Other crypto platforms such as Gemini, Crypto.com, BlockFi, Bitpanda, and OpenSea have done the same, cutting 5% to 20% of their workforces or announcing a hiring freeze.Is the crypto rout over?With the crypto market in turmoil, many are calling it a \"crypto winter.\" A crypto winter is where prices remain low for an extended period of time. It isn't just crypto that is down, though. The S&P 500 at one point fell by more than 20% this year, which is considered bear market territory.According to the latest GDP data, the U.S. economy contracted for a second straight quarter in Q2. Two quarters of consecutive GDP contraction is the typical indicator for a recession. High inflation, supply chain issues, and the war in Ukraine have added to the downturn. The Fed rate hikes have also impacted the crypto market.Until the overall economy becomes healthier, crypto prices may continue to be in a crypto winter. However, with crypto dropping to attractive prices and buying volume picking up, there may be signs that we may be headed back up to pre-dip levels.Is it a good time to buy crypto?Like any investment, it is next to impossible to know when we will hit the bottom. Buying the dip is a good strategy when price drops are temporary and over the long-run prices continue to go up. Cryptocurrencies are volatile and as the market has shown over the past 5 years, prices can move rapidly in either direction.Dollar-cost averaging (DCA) is an approach to buying the dip without exposing yourself to too much risk. DCA is buying a set dollar amount on a regular basis regardless of the price. This way you buy more shares when the prices are low and less shares when prices are expensive. DCA is also a good way to avoid emotional investing and avoid mistiming the market.When investing in crypto, it is important to take your risk and long-term goals into consideration. Prices can continue to fall so putting all of your eggs in one basket is not wise. Diversifying will help you spread your risk out among different asset classes. While there are opportunities to buy when prices are lower, there is no guarantee they will go back up.There are countless stories of crypto investors who have lost their life savings during this downturn. The focus should be to find the right investment portfolio that will help you reach your goals without taking unnecessary risk.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1890,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9907989950,"gmtCreate":1660126728774,"gmtModify":1703478179364,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907989950","repostId":"1120073820","repostType":4,"repost":{"id":"1120073820","kind":"news","pubTimestamp":1660125355,"share":"https://ttm.financial/m/news/1120073820?lang=en_US&edition=fundamental","pubTime":"2022-08-10 17:55","market":"sg","language":"en","title":"STI up 0.5%, Bucks Regional Rout Ahead of US Inflation Report","url":"https://stock-news.laohu8.com/highlight/detail?id=1120073820","media":"The Business Times","summary":"SINGAPORE stocks rose on Wednesday (Aug 10), defying a rout in the region as Asia markets turned ner","content":"<html><head></head><body><p>SINGAPORE stocks rose on Wednesday (Aug 10), defying a rout in the region as Asia markets turned nervy ahead of the release of a US inflation report after Wall Street posted losses.</p><p>Major indexes in Hong Kong, Japan, Australia and South Korea fell between 0.5 per cent and 2 per cent, but the benchmark Straits Times Index (STI) closed 0.5 per cent or 15.35 points higher at 3,286.33.</p><p>Across the broader market, gainers outnumbered losers 246 to 244, after 1.38 billion securities worth S$1.36 billion changed hands.</p><p>The uptick coincided with the release of a report by RHB, which had analyst Shekhar Jaiswal giving his take that STI will deliver positive returns this year despite growing macroeconomic concerns, although he said the upward move will be “a slow grind”.</p><p>The country’s gross domestic product and earnings-per-share growth among the 50 stocks RHB tracks “will likely remain positive for 2022”, aided by positive growth in exports and a strong boost to the services sector in the second half, he said.</p><p>Among STI constituents, Thai Beverage and Capitaland Investment were top performers, closing up 2.3 per cent and 2.2 per cent at S$0.665 and S$4.10 respectively. Yangzijiang Shipbuilding also outperformed, ending at S$0.95, up 1.6 per cent or S$0.015.</p><p>At the bottom of the performance table were Ascendas Reit, which shed 2.7 per cent or S$0.08 to close at S$2.93, and Venture Corporation, which lost 1.8 per cent or S$0.33 to end at S$18.01.</p><p>In the broader market, Sembcorp Marine was the most actively traded counter by volume. The counter closed up 0.85 per cent at S$0.119 after 214 million of its shares worth S$25.5 million exchanged hands.</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>STI up 0.5%, Bucks Regional Rout Ahead of US Inflation 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\">\nSTI up 0.5%, Bucks Regional Rout Ahead of US Inflation Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 17:55 GMT+8 <a href=https://www.businesstimes.com.sg/companies-markets/sti-up-05-bucks-regional-rout-ahead-of-us-inflation-report><strong>The Business Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE stocks rose on Wednesday (Aug 10), defying a rout in the region as Asia markets turned nervy ahead of the release of a US inflation report after Wall Street posted losses.Major indexes in ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/sti-up-05-bucks-regional-rout-ahead-of-us-inflation-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/companies-markets/sti-up-05-bucks-regional-rout-ahead-of-us-inflation-report","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120073820","content_text":"SINGAPORE stocks rose on Wednesday (Aug 10), defying a rout in the region as Asia markets turned nervy ahead of the release of a US inflation report after Wall Street posted losses.Major indexes in Hong Kong, Japan, Australia and South Korea fell between 0.5 per cent and 2 per cent, but the benchmark Straits Times Index (STI) closed 0.5 per cent or 15.35 points higher at 3,286.33.Across the broader market, gainers outnumbered losers 246 to 244, after 1.38 billion securities worth S$1.36 billion changed hands.The uptick coincided with the release of a report by RHB, which had analyst Shekhar Jaiswal giving his take that STI will deliver positive returns this year despite growing macroeconomic concerns, although he said the upward move will be “a slow grind”.The country’s gross domestic product and earnings-per-share growth among the 50 stocks RHB tracks “will likely remain positive for 2022”, aided by positive growth in exports and a strong boost to the services sector in the second half, he said.Among STI constituents, Thai Beverage and Capitaland Investment were top performers, closing up 2.3 per cent and 2.2 per cent at S$0.665 and S$4.10 respectively. Yangzijiang Shipbuilding also outperformed, ending at S$0.95, up 1.6 per cent or S$0.015.At the bottom of the performance table were Ascendas Reit, which shed 2.7 per cent or S$0.08 to close at S$2.93, and Venture Corporation, which lost 1.8 per cent or S$0.33 to end at S$18.01.In the broader market, Sembcorp Marine was the most actively traded counter by volume. The counter closed up 0.85 per cent at S$0.119 after 214 million of its shares worth S$25.5 million exchanged hands.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2647,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071263343,"gmtCreate":1657541242482,"gmtModify":1676536022233,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ADMP\">$Adamis Pharmaceuticals(ADMP)$</a>back with a vengeance. push the attack!","listText":"<a href=\"https://ttm.financial/S/ADMP\">$Adamis Pharmaceuticals(ADMP)$</a>back with a vengeance. push the attack!","text":"$Adamis Pharmaceuticals(ADMP)$back with a vengeance. push the attack!","images":[{"img":"https://community-static.tradeup.com/news/ab2792555243c8f989c26a18149958c1","width":"1080","height":"3501"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071263343","isVote":1,"tweetType":1,"viewCount":3468,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9063599701,"gmtCreate":1651486937461,"gmtModify":1676534914874,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063599701","repostId":"2232790174","repostType":4,"isVote":1,"tweetType":1,"viewCount":2029,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063599816,"gmtCreate":1651486898107,"gmtModify":1676534914856,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ADMP\">$Adamis Pharmaceuticals(ADMP)$</a>3","listText":"<a href=\"https://ttm.financial/S/ADMP\">$Adamis Pharmaceuticals(ADMP)$</a>3","text":"$Adamis Pharmaceuticals(ADMP)$3","images":[{"img":"https://community-static.tradeup.com/news/e6cfb7231c2a58b14fb00ef2f13ef995","width":"1080","height":"3402"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063599816","isVote":1,"tweetType":1,"viewCount":3299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9012057248,"gmtCreate":1649256938075,"gmtModify":1676534479407,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/BB\">$BlackBerry(BB)$</a>5san gin na tan le Lai!","listText":"<a href=\"https://ttm.financial/S/BB\">$BlackBerry(BB)$</a>5san gin na tan le Lai!","text":"$BlackBerry(BB)$5san gin na tan le Lai!","images":[{"img":"https://community-static.tradeup.com/news/645e46909650749dcccbe2a833cca705","width":"1080","height":"3402"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012057248","isVote":1,"tweetType":1,"viewCount":2929,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9012056165,"gmtCreate":1649256559122,"gmtModify":1676534479321,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/ADMP\">$Adamis Pharmaceuticals(ADMP)$</a>mmoon GameStop push","listText":"<a href=\"https://ttm.financial/S/ADMP\">$Adamis Pharmaceuticals(ADMP)$</a>mmoon GameStop push","text":"$Adamis Pharmaceuticals(ADMP)$mmoon GameStop push","images":[{"img":"https://community-static.tradeup.com/news/95c11630789d56eeb233eac68bd4e06c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9012056165","isVote":1,"tweetType":1,"viewCount":2193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9001560098,"gmtCreate":1641275409758,"gmtModify":1676533592261,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001560098","repostId":"1179133564","repostType":4,"repost":{"id":"1179133564","kind":"news","pubTimestamp":1641266758,"share":"https://ttm.financial/m/news/1179133564?lang=en_US&edition=fundamental","pubTime":"2022-01-04 11:25","market":"us","language":"en","title":"Is Apple Stock Likely To Reach $200 In 2022?","url":"https://stock-news.laohu8.com/highlight/detail?id=1179133564","media":"Seeking Alpha","summary":"SummaryApple stock received a lot of interest recently as it surged in early December and has mainta","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple stock received a lot of interest recently as it surged in early December and has maintained its market outperformance.</li><li>We discuss the critical drivers for investors to watch moving into 2022.</li><li>We also discuss whether Apple stock is likely to reach $200 moving forward.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e9d29c6db997dd98e087415e7e2acfe\" tg-width=\"1536\" tg-height=\"1036\" referrerpolicy=\"no-referrer\"/><span>Justin Sullivan/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>Apple Inc. (AAPL) has recently drawn significant interest among investors as the stock has continued to outperform the market since early December. It's notable since AAPL stock has lagged the market for almost the whole year. However, investors' interests spiked following the series of successful new product launches, including its pivotal iPhone 13.</p><p>Supply chain checks from numerous sell-side analysts have also demonstrated that the delays over its iPhones have improved markedly. In addition, Goldman Sachs also highlighted that lead times were down significantly in mid-December as Apple continues to leverage strong iPhone demand in its most crucial calendar quarter.</p><p>AAPL stock continues to hold its price steadily, briefly topped a $3T market cap milestone. However, there shouldn't be any doubt that AAPL stock has had an unmistakable long-term uptrend over the years. Moreover, given that the company has multiple long-term secular drivers driving its business model, we are confident that the stock can reach $200 in 2022.</p><p>We discuss these critical drivers for AAPL stock as we head into 2022 with the $3T market cap looking over the horizon.</p><p><b>Services Revenue Growth Could Have Been Significantly Understated</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a837d0ef4f22be5610e00a0a6c3b6a5\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Apple revenue and adjusted EBITDA mean consensus estimates. Data source: S&P Capital IQ</span></p><p>Apple bears have often pointed out the deceleration in the company's topline growth as proof of a stock that is massively overvalued. It's easy to understand what they mean. Readers can refer to the chart above, where Apple's revenue growth is estimated to decelerate over the next three years. Consensus estimates point to a revenue CAGR of just 4.6% through FY24. Moreover, its adjusted EBITDA margins are likely to remain consistent. But, AAPL is not projected to gain leverage towards its profitability. Hence, bearish investors claim they don't understand how the Cupertino company can continue to justify its current valuation.</p><p>But, we think investors need to step back and consider the critical growth drivers for AAPL moving forward. So let us present our analysis.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3850a7b0d906064e94b474a4f50c3fd4\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Apple iPhone and services revenue estimates. Data source: Trefis, author</span></p><p>Readers can refer to the above model, where iPhone's revenue is estimated to increase at a CAGR of just 2.2% over the next five years. However, Apple's services segment (including App Store's revenue) is projected to increase its revenue at a CAGR of 11% through FY26, reaching $115B. We think these estimates are relatively conservative. Based on these estimates, a SOTP implied fair value of $159 was reached for AAPL stock. It also includes other segments but was mainly driven by the two critical segments above. iPhone and services accounted for 43% and 25% of its SOTP valuation.</p><p>But, we believe that these estimates may not have captured the multiple growth drivers underpinning the App Store. Why?</p><p>Based on recent estimates by Sensor Tower, App Store's revenue is estimated to increase at a CAGR of 20.7% through CY25, reaching $185B. Notably, it's way ahead of the estimate of $115B that we discussed earlier for the entire services segment. Importantly, we have not even included revenue from the other services other than App Store's contribution. Therefore, we think that readers need to consider that the Street consensus may have significantly underestimated the prowess of Apple's highly profitable (estimated operating margin > 70%) App Store.</p><p>We are not saying that Sensor Tower's estimate is the source of truth. But, we wanted to highlight that investors should pay more attention to Apple's key services segment. Sensor Tower presented a region by region breakdown, which we thought seemed credible, and we encourage investors to monitor closely.</p><p><b>Don't Ignore Apple's Metaverse Ambitions</b></p><p>Renowned TF International Securities analyst Ming-Chi Kuo estimated that Apple's AR/VR device would be released sometime in Q4'22. We believe this is significant as it augurs well for Apple's ambitions into the metaverse. There's little doubt that Meta Platforms (FB) and Microsoft(MSFT) are strengthening their lead in the consumer and commercial AR/VR space.According to TrendForce, global AR/VR device shipment is estimated to reach 12.02M units, up 26.4% YoY in 2022. Moreover, the market is estimated to grow rapidly through 2025, reaching 25.76M units at a CAGR of 38.8%. Notably, it expects Meta's Oculus devices to maintain a 66% consumer market share. But, TrendForce also noted that (edited):</p><blockquote>AR/VR device suppliers may look to expand their user base and increase their market penetration via low-priced yet high-spec devices,<i>while compensating for their reduced hardware profitability through software sales</i>. (TrendForce)</blockquote><p>Software sales indeed. Apple runs the largest mobile ecosystem globally, which dwarfs Google Play's (GOOG) (GOOGL) revenue. Therefore, we believe the entry of Apple into the metaverse game could significantly raise the company's monetization opportunities. Theories that Meta Platform has ambitions to displace Apple as the next-gen computing platform abound. However, we have also discussed thatMeta Platforms' eventual metaverse will unlikely be the only virtual world we will ever experience. Instead, the metaverse will likely be a series of interconnected virtual worlds that will be interoperable. So, Apple could still be the critical ecosystem owner as creators build their virtual worlds to be monetized through the App Store, reaching out to Apple's more than 1B (and growing) installed base.</p><p>TrendForce also added that global VR content revenue is estimated to grow at a rapid 40% CAGR through 2025, reaching $8.3B. The content will be varied but primarily consisting of "gaming/entertainment, videos, and social interactions." Therefore, Apple can continue to leverage such opportunities through its massive ecosystem. We think these opportunities are so novel that it hasn't even been written into Apple's consensus estimates just yet. But, once Apple's AR/VR devices are launched, we believe that the revenue runway could become even more apparent. However, we must still caution that we are still very early into Apple's metaverse ambitions. But, we believe that Apple will be a critical player in defining the metaverse through its ecosystem. It won't be very smart to consider that Apple doesn't have a clearly-defined metaverse strategy.</p><p><b>So, is AAPL Stock a Buy Now?</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6087fafa5c6ee0f2958f8d29919c3eb5\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/><span>AAPL stock EV/NTM EBIT, and Normalized P/E (NTM) 3Y mean.</span></p><p>If you consider AAPL stock's relative valuation against its 3Y mean, there's little doubt that AAPL stock seems expensive. It's trading at an EV/NTM EBIT of 26x, way above its 3Y mean of 19.3x. In addition, its normalized P/E (NTM) also read 31.2x, significantly ahead of its 3Y mean of 23.9x. Therefore, we wouldn't blame bearish investors who think that AAPL stock seems well overvalued now.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c889e6a8aa5fe9751c5d695481f9d3b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Apple unlevered FCF estimates. Data source: S&P Capital IQ, author</span></p><p>However, we also estimated that AAPL stock would continue to generate robust FCF growth over time. Moreover, our model is even more conservative than the consensus estimates. In addition, we have also not considered Sensor Tower's estimates or Apple's metaverse opportunities that we discussed earlier. Nevertheless, it led us towards a DCF implied fair value estimate of $153, which we highlighted in our previous article. It's also quite close to our SOTP implied fair value of $159 that we showed earlier. Therefore, it's clear that these estimates have not factored for the robust services growth and the potential metaverse opportunities that could accrue to Apple over the next five to ten years.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/de1380b774a68d31c93eaf939fb99e27\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"/><span>AAPL stock price action.</span></p><p>Nevertheless, we think that AAPL stock looks extended, as seen above. But, as mentioned, it wouldn't be very smart for investors to bet against CEO Tim Cook & Co. The stock's long-term uptrend is clear for all to observe.</p><p>So, we are clear that the stock would likely break the $200 level in 2022 as the excitement surrounding its AR/VR launch gets closers, coupled with its services segment revenue growth in its earnings releases. As a result, we believe that AAPL's stock price could be re-rated to reflect its potential over the next year.</p><p>Nevertheless, due to its over-extended price action, we encourage some patience with AAPL stock. But, if you have no AAPL stock, we think you can consider adding at this price if you are a long-term investor. We don't believe it's significantly overvalued, as discussed earlier. But, if you already have considerable exposure relative to your portfolio, we think you can wait for a potentially better entry point with some patience.</p><p>Therefore, we reiterate our Neutral rating on AAPL stock for now.</p><p>This article was written by JR Research.</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>Is Apple Stock Likely To Reach $200 In 2022?</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\">\nIs Apple Stock Likely To Reach $200 In 2022?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-04 11:25 GMT+8 <a href=https://seekingalpha.com/article/4477741-apple-stock-reach-200-in-2022><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple stock received a lot of interest recently as it surged in early December and has maintained its market outperformance.We discuss the critical drivers for investors to watch moving into ...</p>\n\n<a href=\"https://seekingalpha.com/article/4477741-apple-stock-reach-200-in-2022\">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/4477741-apple-stock-reach-200-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179133564","content_text":"SummaryApple stock received a lot of interest recently as it surged in early December and has maintained its market outperformance.We discuss the critical drivers for investors to watch moving into 2022.We also discuss whether Apple stock is likely to reach $200 moving forward.Justin Sullivan/Getty Images NewsInvestment ThesisApple Inc. (AAPL) has recently drawn significant interest among investors as the stock has continued to outperform the market since early December. It's notable since AAPL stock has lagged the market for almost the whole year. However, investors' interests spiked following the series of successful new product launches, including its pivotal iPhone 13.Supply chain checks from numerous sell-side analysts have also demonstrated that the delays over its iPhones have improved markedly. In addition, Goldman Sachs also highlighted that lead times were down significantly in mid-December as Apple continues to leverage strong iPhone demand in its most crucial calendar quarter.AAPL stock continues to hold its price steadily, briefly topped a $3T market cap milestone. However, there shouldn't be any doubt that AAPL stock has had an unmistakable long-term uptrend over the years. Moreover, given that the company has multiple long-term secular drivers driving its business model, we are confident that the stock can reach $200 in 2022.We discuss these critical drivers for AAPL stock as we head into 2022 with the $3T market cap looking over the horizon.Services Revenue Growth Could Have Been Significantly UnderstatedApple revenue and adjusted EBITDA mean consensus estimates. Data source: S&P Capital IQApple bears have often pointed out the deceleration in the company's topline growth as proof of a stock that is massively overvalued. It's easy to understand what they mean. Readers can refer to the chart above, where Apple's revenue growth is estimated to decelerate over the next three years. Consensus estimates point to a revenue CAGR of just 4.6% through FY24. Moreover, its adjusted EBITDA margins are likely to remain consistent. But, AAPL is not projected to gain leverage towards its profitability. Hence, bearish investors claim they don't understand how the Cupertino company can continue to justify its current valuation.But, we think investors need to step back and consider the critical growth drivers for AAPL moving forward. So let us present our analysis.Apple iPhone and services revenue estimates. Data source: Trefis, authorReaders can refer to the above model, where iPhone's revenue is estimated to increase at a CAGR of just 2.2% over the next five years. However, Apple's services segment (including App Store's revenue) is projected to increase its revenue at a CAGR of 11% through FY26, reaching $115B. We think these estimates are relatively conservative. Based on these estimates, a SOTP implied fair value of $159 was reached for AAPL stock. It also includes other segments but was mainly driven by the two critical segments above. iPhone and services accounted for 43% and 25% of its SOTP valuation.But, we believe that these estimates may not have captured the multiple growth drivers underpinning the App Store. Why?Based on recent estimates by Sensor Tower, App Store's revenue is estimated to increase at a CAGR of 20.7% through CY25, reaching $185B. Notably, it's way ahead of the estimate of $115B that we discussed earlier for the entire services segment. Importantly, we have not even included revenue from the other services other than App Store's contribution. Therefore, we think that readers need to consider that the Street consensus may have significantly underestimated the prowess of Apple's highly profitable (estimated operating margin > 70%) App Store.We are not saying that Sensor Tower's estimate is the source of truth. But, we wanted to highlight that investors should pay more attention to Apple's key services segment. Sensor Tower presented a region by region breakdown, which we thought seemed credible, and we encourage investors to monitor closely.Don't Ignore Apple's Metaverse AmbitionsRenowned TF International Securities analyst Ming-Chi Kuo estimated that Apple's AR/VR device would be released sometime in Q4'22. We believe this is significant as it augurs well for Apple's ambitions into the metaverse. There's little doubt that Meta Platforms (FB) and Microsoft(MSFT) are strengthening their lead in the consumer and commercial AR/VR space.According to TrendForce, global AR/VR device shipment is estimated to reach 12.02M units, up 26.4% YoY in 2022. Moreover, the market is estimated to grow rapidly through 2025, reaching 25.76M units at a CAGR of 38.8%. Notably, it expects Meta's Oculus devices to maintain a 66% consumer market share. But, TrendForce also noted that (edited):AR/VR device suppliers may look to expand their user base and increase their market penetration via low-priced yet high-spec devices,while compensating for their reduced hardware profitability through software sales. (TrendForce)Software sales indeed. Apple runs the largest mobile ecosystem globally, which dwarfs Google Play's (GOOG) (GOOGL) revenue. Therefore, we believe the entry of Apple into the metaverse game could significantly raise the company's monetization opportunities. Theories that Meta Platform has ambitions to displace Apple as the next-gen computing platform abound. However, we have also discussed thatMeta Platforms' eventual metaverse will unlikely be the only virtual world we will ever experience. Instead, the metaverse will likely be a series of interconnected virtual worlds that will be interoperable. So, Apple could still be the critical ecosystem owner as creators build their virtual worlds to be monetized through the App Store, reaching out to Apple's more than 1B (and growing) installed base.TrendForce also added that global VR content revenue is estimated to grow at a rapid 40% CAGR through 2025, reaching $8.3B. The content will be varied but primarily consisting of \"gaming/entertainment, videos, and social interactions.\" Therefore, Apple can continue to leverage such opportunities through its massive ecosystem. We think these opportunities are so novel that it hasn't even been written into Apple's consensus estimates just yet. But, once Apple's AR/VR devices are launched, we believe that the revenue runway could become even more apparent. However, we must still caution that we are still very early into Apple's metaverse ambitions. But, we believe that Apple will be a critical player in defining the metaverse through its ecosystem. It won't be very smart to consider that Apple doesn't have a clearly-defined metaverse strategy.So, is AAPL Stock a Buy Now?AAPL stock EV/NTM EBIT, and Normalized P/E (NTM) 3Y mean.If you consider AAPL stock's relative valuation against its 3Y mean, there's little doubt that AAPL stock seems expensive. It's trading at an EV/NTM EBIT of 26x, way above its 3Y mean of 19.3x. In addition, its normalized P/E (NTM) also read 31.2x, significantly ahead of its 3Y mean of 23.9x. Therefore, we wouldn't blame bearish investors who think that AAPL stock seems well overvalued now.Apple unlevered FCF estimates. Data source: S&P Capital IQ, authorHowever, we also estimated that AAPL stock would continue to generate robust FCF growth over time. Moreover, our model is even more conservative than the consensus estimates. In addition, we have also not considered Sensor Tower's estimates or Apple's metaverse opportunities that we discussed earlier. Nevertheless, it led us towards a DCF implied fair value estimate of $153, which we highlighted in our previous article. It's also quite close to our SOTP implied fair value of $159 that we showed earlier. Therefore, it's clear that these estimates have not factored for the robust services growth and the potential metaverse opportunities that could accrue to Apple over the next five to ten years.AAPL stock price action.Nevertheless, we think that AAPL stock looks extended, as seen above. But, as mentioned, it wouldn't be very smart for investors to bet against CEO Tim Cook & Co. The stock's long-term uptrend is clear for all to observe.So, we are clear that the stock would likely break the $200 level in 2022 as the excitement surrounding its AR/VR launch gets closers, coupled with its services segment revenue growth in its earnings releases. As a result, we believe that AAPL's stock price could be re-rated to reflect its potential over the next year.Nevertheless, due to its over-extended price action, we encourage some patience with AAPL stock. But, if you have no AAPL stock, we think you can consider adding at this price if you are a long-term investor. We don't believe it's significantly overvalued, as discussed earlier. But, if you already have considerable exposure relative to your portfolio, we think you can wait for a potentially better entry point with some patience.Therefore, we reiterate our Neutral rating on AAPL stock for now.This article was written by JR Research.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884009946,"gmtCreate":1631837570885,"gmtModify":1676530647670,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/MSFT\">$Microsoft(MSFT)$</a>lai","listText":"<a href=\"https://laohu8.com/S/MSFT\">$Microsoft(MSFT)$</a>lai","text":"$Microsoft(MSFT)$lai","images":[{"img":"https://static.tigerbbs.com/4a9bfb338566bee5b0d945bde1511f1e","width":"1080","height":"2528"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884009946","isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886761034,"gmtCreate":1631626742528,"gmtModify":1676530593326,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>oiiiiiiiiiiiiii SAN DIM ZHONG LA! SOILYAN","listText":"<a href=\"https://laohu8.com/S/Z74.SI\">$SINGTEL(Z74.SI)$</a>oiiiiiiiiiiiiii SAN DIM ZHONG LA! SOILYAN","text":"$SINGTEL(Z74.SI)$oiiiiiiiiiiiiii SAN DIM ZHONG LA! SOILYAN","images":[{"img":"https://static.tigerbbs.com/bfff11af0e5b95397b417a308b270e63","width":"1080","height":"2429"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886761034","isVote":1,"tweetType":1,"viewCount":781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886049069,"gmtCreate":1631540908551,"gmtModify":1676530570303,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$</a>? LAI","listText":"<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$</a>? LAI","text":"$Baidu(BIDU)$? LAI","images":[{"img":"https://static.tigerbbs.com/1ad49577bb038fc3549fc5a07a1e4f42","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886049069","isVote":1,"tweetType":1,"viewCount":487,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886040070,"gmtCreate":1631540871190,"gmtModify":1676530570287,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>bb2dmoonleh","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>bb2dmoonleh","text":"$BlackBerry(BB)$bb2dmoonleh","images":[{"img":"https://static.tigerbbs.com/17e8c559937c7de5cec10f71a6f0a983","width":"1080","height":"2429"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886040070","isVote":1,"tweetType":1,"viewCount":814,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886055838,"gmtCreate":1631540764124,"gmtModify":1676530570207,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$</a>188.88","listText":"<a href=\"https://laohu8.com/S/BIDU\">$Baidu(BIDU)$</a>188.88","text":"$Baidu(BIDU)$188.88","images":[{"img":"https://static.tigerbbs.com/4f99c5d6f0e8f225d52c191381fb07c5","width":"1080","height":"2528"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886055838","isVote":1,"tweetType":1,"viewCount":638,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":886009599,"gmtCreate":1631535149511,"gmtModify":1676530568248,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"200","listText":"200","text":"200","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886009599","repostId":"2167630550","repostType":4,"isVote":1,"tweetType":1,"viewCount":782,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886009658,"gmtCreate":1631535142274,"gmtModify":1676530568240,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886009658","repostId":"2167630550","repostType":4,"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830061488,"gmtCreate":1628994028144,"gmtModify":1676529905738,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"OIIIIIIIIII SANNNNN DIMMMM AH. YUMCHA LAHHH ROCKET LA MEHHHH ? ","listText":"OIIIIIIIIII SANNNNN DIMMMM AH. YUMCHA LAHHH ROCKET LA MEHHHH ? ","text":"OIIIIIIIIII SANNNNN DIMMMM AH. YUMCHA LAHHH ROCKET LA MEHHHH ?","images":[{"img":"https://static.tigerbbs.com/b0b262438fc47ce099b6eae8eb44bab2","width":"1080","height":"2429"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/830061488","isVote":1,"tweetType":1,"viewCount":850,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":892675153,"gmtCreate":1628659910472,"gmtModify":1676529812410,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"BIDU 2 D MOON AND JUPITER! LAIII! LIKE PLS","listText":"BIDU 2 D MOON AND JUPITER! LAIII! LIKE PLS","text":"BIDU 2 D MOON AND JUPITER! LAIII! LIKE PLS","images":[{"img":"https://static.tigerbbs.com/05682e80047b7e42a5f5079cc48a34fd","width":"1080","height":"2627"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/892675153","isVote":1,"tweetType":1,"viewCount":751,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":896555597,"gmtCreate":1628596435419,"gmtModify":1676529790885,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":":) BYE2","listText":":) BYE2","text":":) BYE2","images":[{"img":"https://static.tigerbbs.com/68de8f536bc11422ec078680ba4df678","width":"1080","height":"2627"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/896555597","isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":177827995,"gmtCreate":1627198310117,"gmtModify":1703485480798,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Please like leh. thkq","listText":"Please like leh. thkq","text":"Please like leh. thkq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/177827995","repostId":"1176552691","repostType":4,"repost":{"id":"1176552691","kind":"news","pubTimestamp":1627183789,"share":"https://ttm.financial/m/news/1176552691?lang=en_US&edition=fundamental","pubTime":"2021-07-25 11:29","market":"us","language":"en","title":"Is IBM Stock Undervalued Or Overvalued? What To Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=1176552691","media":"seekingalpha","summary":"Summary\n\nIBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.","content":"<p><b>Summary</b></p>\n<ul>\n <li>IBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.</li>\n <li>Prior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 quarters.</li>\n <li>More transparency is needed regarding the Kyndryl spinoff.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c798e0536c6804d44b195f6f349fab5\" tg-width=\"1536\" tg-height=\"1044\" width=\"100%\" height=\"auto\"><span>Ethan Miller/Getty Images News</span></p>\n<p>International Business Machines Corporation (IBM) is a company in transition. Unfortunately for investors, the transition has been in place for the better part of a decade. Those turnaround efforts include investments in cloud computing and artificial intelligence and the divestiture of legacy businesses. While there are now signs of green shoots, it is yet to be seen as to whether the seeds sown have fallen on rocky ground.</p>\n<p>Although the company has a rapidly growing business in hybrid cloud offerings, and a potential growth engine in quantum computing, it faces intense competition in the former industry and uncertain prospects in the latter. Most of the firm’s other businesses are in the doldrums, so IBM’s growth prospects are opaque.</p>\n<p>What is certain is that as of today, IBM has a reasonable and diminishing debt load and strong free cash flow.</p>\n<p>Management is attempting to address growth concerns in part by focusing on the firm’s cloud offerings, while it spins off its managed infrastructure business. That company will be named Kyndryl. However, the debt which the new entity will shoulder, along with the portion of the current dividend that it will carry, has not been divulged.</p>\n<p><b>Recent Quarterly Results</b></p>\n<p>IBM reported Q2 results last Monday. With non-GAAP EPS of $2.33, the company beat estimates by $0.04.</p>\n<p>Revenue of $18.7 billion was flat when adjusted for currency and divestitures.</p>\n<p>The negative side of the report had Systems revenue declining by 7%. However, this was largely due to the normal IBM Z mainframe cycle, down 13% year over year.</p>\n<p>The global financing division, which represents a low single digit percentage of overall revenues, was down 9%. Global technology services, which represents roughly a third of overall revenue and will largely be spun off as Kyndryl, had flattish growth.</p>\n<p>The positive side of the report had Cloud & Cognitive Software cloud revenue up 29% and Global Business Services cloud revenue up 35%. Total cloud revenue of $27 billion increased by 15% over the last 12 months, while cloud revenue grew 13% in the quarter to $7.0 billion.</p>\n<p>Net cash from operating activities hit $17.7 billion, and adjusted free cash flow totaled $11 billion over the last 12 months.</p>\n<p>Since year-end 2020, the company has reduced debt by $6.4 billion.</p>\n<p>Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021.</p>\n<p><b>Where IBM Stands Tall</b></p>\n<p>IBM is viewed by many as at best a third rate IT company and at worst as a dinosaur, headed towards extinction.</p>\n<p>It is evident that the company’s revenues have declined for years; however, to accurately assess the stock, investors must understand that IBM’s legacy businesses have many strengths.</p>\n<p>For example, IBM is the world’s largest IT services company and the dominant provider of mainframes. Among the Fortune 50 companies, 47 are IBM clients.</p>\n<p>Half of the world’s wireless connections are handled by the firm.</p>\n<p>IBM's mainframe systems process nearly 90% of the globe’s credit card transactions, and 97% of the world's largest banks rely on IBM products and services. Consequently, twenty-nine billion ATM transactions are processed annually using IBM systems.</p>\n<p>Eight out of 10 global retailers rely on IBM products and services while 80% of the travel industry's reservations run through IBM systems. That results in 4 billion flight reservations being processed using the company’s IT services.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7ace4f1436fd2697c5ad266b5017e1dd\" tg-width=\"960\" tg-height=\"721\" width=\"100%\" height=\"auto\"><span>Source: Forbes</span></p>\n<p>It is evident that IBM has a massive customer base that provides large scale recurring revenues. In many cases, moving to competitors' offerings would mean risking the transfer of sensitive information, a move many are not willing to take.</p>\n<p>However, with the transition to cloud services and open source software, there is an increased adoption by firms of mix and match IT infrastructures. In turn, this is eroding IBM’s competitive advantage associated with customer switching costs.</p>\n<p><b>The Sources Of Potential Growth</b></p>\n<p>Investors are generally aware of IBM's effort to drive growth through its hybrid cloud offerings. However, when questioned at JPMorgan’s recent investor conference, CFO Jim Kavanaugh provided insight into how hybrid cloud drives revenue in some of IBM’s other divisions.</p>\n<blockquote>\n For every $1 (in business) we land on a hybrid cloud platform, we see $3 to $5 of software drag and $6 to $8 of services drag overall.\n</blockquote>\n<p>Of course, Kavanaugh is using drag to refer to increased revenue in software and services associated with adoption of IBM’s hybrid cloud. If Kavanaugh’s claims are accurate, that means every dollar spent on the company’s hybrid cloud platform translates into $9 to $13 in additional revenue from the firm’s software and services offerings.</p>\n<p>Because hybrid cloud uses a mix of on-premises private cloud and public cloud services, it offers clients a degree of data privacy. This is of particular concern for customers in healthcare and financial services. Consequently, I would posit that IBM might have an advantage in competing with other hybrid cloud providers as it has extensive relationships within those industries.</p>\n<p>I reviewed a variety of prognostications regarding projected growth rates for the hybrid cloud market. The most recent study, which also falls in the middle of other predictions, is by Mordor Intelligence. That firm forecasts a CAGR of 18.73% from 2021 through 2026.</p>\n<p>Investors should be aware that the major operators in this space are Cisco (CSCO), Hewlett Packard (HPE), Amazon (AMZN), Citrix Systems (CTXS), and IBM.</p>\n<p>The following chart provides a record of the firm’s total cloud growth over the last six quarters.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5fc85156e70f6caf8ae809f76126a723\" tg-width=\"576\" tg-height=\"336\" width=\"100%\" height=\"auto\"><span>Source: Company reports / Chart by Author</span></p>\n<p>Aside from cloud, there is another source of potential growth, although it is unlikely to materialize soon.</p>\n<p>Early in 2019, IBM introduced the Q System One. IBM Q systems are the world's first quantum computer designed for scientific and commercial use.</p>\n<p>Pardon the pun, but quantum computers represent a quantum leap in technology. Prescient And Strategic Intelligence forecasts a CAGR of 56% for the industry through 2030 with the quantum computer market share reaching nearly $65 billion.</p>\n<p>For additional insights regarding quantum computing and IBM’s position within that industry, I point you to my article, “IBM: Why My Eye Is Fixed On Big Blue.”</p>\n<p><b>Understanding Kyndryl</b></p>\n<p>Once Kyndryl is launched, it will have more than 90,000 employees and more than 4,600 customers in 115 countries. With a $60 billion services backlog, the new entity will begin with projected revenues of $19 billion. At twice the size of its closest competitor, the company will be the world’s largest managed infrastructure services provider.</p>\n<p>The split will transform IBM from a company that pulls half of its revenue from services to a firm with its software and solutions businesses generating over half of its revenue on a recurring basis.</p>\n<p>Global Business Services, which currently constitutes 22% of the company’s revenue, will account for over 40% of sales. Here it is important to note that the division grew revenue by 12% year over year in the last quarter.</p>\n<p>IBM will retain Red Hat and its solution provider business, the systems businesses, and its mission-critical public cloud service, and a software portfolio focused on big data, AI, and security.</p>\n<p>Initially, the two companies will each be the largest customer of the other.</p>\n<p>What remains to be known regarding the spinoff is how much debt each company will shoulder, and the share of the dividend that the companies will pay. Krishna stated the two companies will work together to sustain the current payout level.</p>\n<p><b>Has IBM Turned The Corner?</b></p>\n<p>Anyone who follows IBM knows the company has experienced an extended period of poor results. The following chart provides a record of the firm’s quarterly FCF over the last fourteen quarters.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60cc8b82052f97dd449205999ee30711\" tg-width=\"577\" tg-height=\"337\" width=\"100%\" height=\"auto\"><span>Source: Data from ycharts / chart by author</span></p>\n<p>While this is not proof positive that the company is back on track, the recent trend is at least encouraging.</p>\n<p>In 2020, IBM generated $10.8 billion in free cash flow. Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021. This excludes $3 billion in structural impacts related to the Kyndryl spinoff.</p>\n<p>The CEO recently stated he expects IBM to generate $12 billion to $13 billion in FCF in 2022.</p>\n<p><b>Debt And Dividend</b></p>\n<p>While investors can rightfully complain of a variety of management moves over the years, the firm has maintained a reasonable debt profile while engaging in a number of acquisitions.</p>\n<p>The company has reduced the debt by roughly $18 billion since its peak in mid-2019. IBM maintains an investment level credit rating, and the following chart provides a record of the company’s progress paying down debt of late.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b73e613157c486a5f5e8306546121971\" tg-width=\"1280\" tg-height=\"720\" width=\"100%\" height=\"auto\"><span>Source: IBM Presentation</span></p>\n<p>IBM has a yield of 4.64%, a payout ratio a bit below 61%, and a 5 year dividend growth rate of 4.26%. As previously noted, following the spinoff of Kyndryl, the two companies will team to provide a payout equivalent to the current dividend.</p>\n<p><b>Is IBM Stock Overvalued?</b></p>\n<p>IBM shares trade for $141.13. The average 12 month price target of 8 analysts is $153.50. The price target of the 3 analysts rating the stock since the last earnings report is $151.33.</p>\n<p>IBM has a P/E of 24.05x and a forward P/E of 17.67x. This compares to its five year averages of 16.42x and 13.25x respectively. It is well below the sector average which is in the low thirties for both metrics.</p>\n<p>The 3 to 5 year PEG provided by Seeking Alpha Premium is 1.16x. Schwab calculates a PEG of 1.49x, and Yahoo does not provide a PEG ratio.</p>\n<p>I believe the current P/E ratios for the stock reflect investors anticipating increased growth for IBM once the spinoff is complete. The PEG ratios show the stock is reasonably valued.</p>\n<p><b>Is IBM Stock A Good Long-Term Investment?</b></p>\n<p>IBM has an entrenched but evolving position among many of the largest companies on the globe. Unfortunately, the cloud, which is seen as the company’s primary avenue for growth, could also lead to a slow deterioration in some of the firm’s legacy businesses.</p>\n<p>That the cloud business has been growing at a rapid pace is manifest: IBM can now boast of over 3,200 clients using the firm’s hybrid cloud platform. That is nearly four times the number just prior to the Red Hat acquisition.</p>\n<p>If management’s claims are accurate, the hybrid cloud platform will create robust growth in the software and services division’s revenues. When combined with the spinoff of Kyndryl’s slow growing managed infrastructure services business, it is reasonable to believe IBM will witness increased growth.</p>\n<p>IBM has a solid balance sheet, a robust yield, and when viewed using PEG ratios as a basis for valuing the stock, the shares are trading at a bit of a discount.</p>\n<p>All considered, I rate IBM as a BUY.</p>\n<p>I think the worst case short to mid-term scenario is that the company experiences slow growth while investors collect a rather robust dividend.</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>Is IBM Stock Undervalued Or Overvalued? What To Consider</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\">\nIs IBM Stock Undervalued Or Overvalued? What To Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-25 11:29 GMT+8 <a href=https://seekingalpha.com/article/4440996-is-ibm-stock-undervalued-overvalued><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.\nPrior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 ...</p>\n\n<a href=\"https://seekingalpha.com/article/4440996-is-ibm-stock-undervalued-overvalued\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM"},"source_url":"https://seekingalpha.com/article/4440996-is-ibm-stock-undervalued-overvalued","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176552691","content_text":"Summary\n\nIBM beat analysts’ second-quarter earnings as cloud revenue and operating margins improved.\nPrior to Q1, IBM posted declining revenue for four consecutive quarters, and 30 of the last 34 quarters.\nMore transparency is needed regarding the Kyndryl spinoff.\n\nEthan Miller/Getty Images News\nInternational Business Machines Corporation (IBM) is a company in transition. Unfortunately for investors, the transition has been in place for the better part of a decade. Those turnaround efforts include investments in cloud computing and artificial intelligence and the divestiture of legacy businesses. While there are now signs of green shoots, it is yet to be seen as to whether the seeds sown have fallen on rocky ground.\nAlthough the company has a rapidly growing business in hybrid cloud offerings, and a potential growth engine in quantum computing, it faces intense competition in the former industry and uncertain prospects in the latter. Most of the firm’s other businesses are in the doldrums, so IBM’s growth prospects are opaque.\nWhat is certain is that as of today, IBM has a reasonable and diminishing debt load and strong free cash flow.\nManagement is attempting to address growth concerns in part by focusing on the firm’s cloud offerings, while it spins off its managed infrastructure business. That company will be named Kyndryl. However, the debt which the new entity will shoulder, along with the portion of the current dividend that it will carry, has not been divulged.\nRecent Quarterly Results\nIBM reported Q2 results last Monday. With non-GAAP EPS of $2.33, the company beat estimates by $0.04.\nRevenue of $18.7 billion was flat when adjusted for currency and divestitures.\nThe negative side of the report had Systems revenue declining by 7%. However, this was largely due to the normal IBM Z mainframe cycle, down 13% year over year.\nThe global financing division, which represents a low single digit percentage of overall revenues, was down 9%. Global technology services, which represents roughly a third of overall revenue and will largely be spun off as Kyndryl, had flattish growth.\nThe positive side of the report had Cloud & Cognitive Software cloud revenue up 29% and Global Business Services cloud revenue up 35%. Total cloud revenue of $27 billion increased by 15% over the last 12 months, while cloud revenue grew 13% in the quarter to $7.0 billion.\nNet cash from operating activities hit $17.7 billion, and adjusted free cash flow totaled $11 billion over the last 12 months.\nSince year-end 2020, the company has reduced debt by $6.4 billion.\nManagement guides for adjusted free cash flow of $11 billion to $12 billion in 2021.\nWhere IBM Stands Tall\nIBM is viewed by many as at best a third rate IT company and at worst as a dinosaur, headed towards extinction.\nIt is evident that the company’s revenues have declined for years; however, to accurately assess the stock, investors must understand that IBM’s legacy businesses have many strengths.\nFor example, IBM is the world’s largest IT services company and the dominant provider of mainframes. Among the Fortune 50 companies, 47 are IBM clients.\nHalf of the world’s wireless connections are handled by the firm.\nIBM's mainframe systems process nearly 90% of the globe’s credit card transactions, and 97% of the world's largest banks rely on IBM products and services. Consequently, twenty-nine billion ATM transactions are processed annually using IBM systems.\nEight out of 10 global retailers rely on IBM products and services while 80% of the travel industry's reservations run through IBM systems. That results in 4 billion flight reservations being processed using the company’s IT services.\nSource: Forbes\nIt is evident that IBM has a massive customer base that provides large scale recurring revenues. In many cases, moving to competitors' offerings would mean risking the transfer of sensitive information, a move many are not willing to take.\nHowever, with the transition to cloud services and open source software, there is an increased adoption by firms of mix and match IT infrastructures. In turn, this is eroding IBM’s competitive advantage associated with customer switching costs.\nThe Sources Of Potential Growth\nInvestors are generally aware of IBM's effort to drive growth through its hybrid cloud offerings. However, when questioned at JPMorgan’s recent investor conference, CFO Jim Kavanaugh provided insight into how hybrid cloud drives revenue in some of IBM’s other divisions.\n\n For every $1 (in business) we land on a hybrid cloud platform, we see $3 to $5 of software drag and $6 to $8 of services drag overall.\n\nOf course, Kavanaugh is using drag to refer to increased revenue in software and services associated with adoption of IBM’s hybrid cloud. If Kavanaugh’s claims are accurate, that means every dollar spent on the company’s hybrid cloud platform translates into $9 to $13 in additional revenue from the firm’s software and services offerings.\nBecause hybrid cloud uses a mix of on-premises private cloud and public cloud services, it offers clients a degree of data privacy. This is of particular concern for customers in healthcare and financial services. Consequently, I would posit that IBM might have an advantage in competing with other hybrid cloud providers as it has extensive relationships within those industries.\nI reviewed a variety of prognostications regarding projected growth rates for the hybrid cloud market. The most recent study, which also falls in the middle of other predictions, is by Mordor Intelligence. That firm forecasts a CAGR of 18.73% from 2021 through 2026.\nInvestors should be aware that the major operators in this space are Cisco (CSCO), Hewlett Packard (HPE), Amazon (AMZN), Citrix Systems (CTXS), and IBM.\nThe following chart provides a record of the firm’s total cloud growth over the last six quarters.\nSource: Company reports / Chart by Author\nAside from cloud, there is another source of potential growth, although it is unlikely to materialize soon.\nEarly in 2019, IBM introduced the Q System One. IBM Q systems are the world's first quantum computer designed for scientific and commercial use.\nPardon the pun, but quantum computers represent a quantum leap in technology. Prescient And Strategic Intelligence forecasts a CAGR of 56% for the industry through 2030 with the quantum computer market share reaching nearly $65 billion.\nFor additional insights regarding quantum computing and IBM’s position within that industry, I point you to my article, “IBM: Why My Eye Is Fixed On Big Blue.”\nUnderstanding Kyndryl\nOnce Kyndryl is launched, it will have more than 90,000 employees and more than 4,600 customers in 115 countries. With a $60 billion services backlog, the new entity will begin with projected revenues of $19 billion. At twice the size of its closest competitor, the company will be the world’s largest managed infrastructure services provider.\nThe split will transform IBM from a company that pulls half of its revenue from services to a firm with its software and solutions businesses generating over half of its revenue on a recurring basis.\nGlobal Business Services, which currently constitutes 22% of the company’s revenue, will account for over 40% of sales. Here it is important to note that the division grew revenue by 12% year over year in the last quarter.\nIBM will retain Red Hat and its solution provider business, the systems businesses, and its mission-critical public cloud service, and a software portfolio focused on big data, AI, and security.\nInitially, the two companies will each be the largest customer of the other.\nWhat remains to be known regarding the spinoff is how much debt each company will shoulder, and the share of the dividend that the companies will pay. Krishna stated the two companies will work together to sustain the current payout level.\nHas IBM Turned The Corner?\nAnyone who follows IBM knows the company has experienced an extended period of poor results. The following chart provides a record of the firm’s quarterly FCF over the last fourteen quarters.\nSource: Data from ycharts / chart by author\nWhile this is not proof positive that the company is back on track, the recent trend is at least encouraging.\nIn 2020, IBM generated $10.8 billion in free cash flow. Management guides for adjusted free cash flow of $11 billion to $12 billion in 2021. This excludes $3 billion in structural impacts related to the Kyndryl spinoff.\nThe CEO recently stated he expects IBM to generate $12 billion to $13 billion in FCF in 2022.\nDebt And Dividend\nWhile investors can rightfully complain of a variety of management moves over the years, the firm has maintained a reasonable debt profile while engaging in a number of acquisitions.\nThe company has reduced the debt by roughly $18 billion since its peak in mid-2019. IBM maintains an investment level credit rating, and the following chart provides a record of the company’s progress paying down debt of late.\nSource: IBM Presentation\nIBM has a yield of 4.64%, a payout ratio a bit below 61%, and a 5 year dividend growth rate of 4.26%. As previously noted, following the spinoff of Kyndryl, the two companies will team to provide a payout equivalent to the current dividend.\nIs IBM Stock Overvalued?\nIBM shares trade for $141.13. The average 12 month price target of 8 analysts is $153.50. The price target of the 3 analysts rating the stock since the last earnings report is $151.33.\nIBM has a P/E of 24.05x and a forward P/E of 17.67x. This compares to its five year averages of 16.42x and 13.25x respectively. It is well below the sector average which is in the low thirties for both metrics.\nThe 3 to 5 year PEG provided by Seeking Alpha Premium is 1.16x. Schwab calculates a PEG of 1.49x, and Yahoo does not provide a PEG ratio.\nI believe the current P/E ratios for the stock reflect investors anticipating increased growth for IBM once the spinoff is complete. The PEG ratios show the stock is reasonably valued.\nIs IBM Stock A Good Long-Term Investment?\nIBM has an entrenched but evolving position among many of the largest companies on the globe. Unfortunately, the cloud, which is seen as the company’s primary avenue for growth, could also lead to a slow deterioration in some of the firm’s legacy businesses.\nThat the cloud business has been growing at a rapid pace is manifest: IBM can now boast of over 3,200 clients using the firm’s hybrid cloud platform. That is nearly four times the number just prior to the Red Hat acquisition.\nIf management’s claims are accurate, the hybrid cloud platform will create robust growth in the software and services division’s revenues. When combined with the spinoff of Kyndryl’s slow growing managed infrastructure services business, it is reasonable to believe IBM will witness increased growth.\nIBM has a solid balance sheet, a robust yield, and when viewed using PEG ratios as a basis for valuing the stock, the shares are trading at a bit of a discount.\nAll considered, I rate IBM as a BUY.\nI think the worst case short to mid-term scenario is that the company experiences slow growth while investors collect a rather robust dividend.","news_type":1,"symbols_score_info":{"IBM":0.9}},"isVote":1,"tweetType":1,"viewCount":729,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":175197331,"gmtCreate":1627011808423,"gmtModify":1703482425280,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Like leh tq","listText":"Like leh tq","text":"Like leh tq","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/175197331","repostId":"1164478982","repostType":4,"isVote":1,"tweetType":1,"viewCount":520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157837287,"gmtCreate":1625577281949,"gmtModify":1703744123095,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Bb ftw","listText":"Bb ftw","text":"Bb ftw","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/157837287","repostId":"2149681223","repostType":4,"isVote":1,"tweetType":1,"viewCount":662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808051310,"gmtCreate":1627546445930,"gmtModify":1703492072193,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"oiiiiii 3pm like leh yumcha la","listText":"oiiiiii 3pm like leh yumcha la","text":"oiiiiii 3pm like leh yumcha la","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/808051310","repostId":"1165497040","repostType":4,"isVote":1,"tweetType":1,"viewCount":984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":178395629,"gmtCreate":1626787539861,"gmtModify":1703765154074,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Bb2dmoon","listText":"Bb2dmoon","text":"Bb2dmoon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/178395629","repostId":"1158912810","repostType":4,"repost":{"id":"1158912810","kind":"news","pubTimestamp":1626779113,"share":"https://ttm.financial/m/news/1158912810?lang=en_US&edition=fundamental","pubTime":"2021-07-20 19:05","market":"us","language":"en","title":"Nvidia, Blue Origin and Jeff Bezos, Apple, Netflix - 5 Things You Must Know Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1158912810","media":"The Street","summary":"Stock futures indicate Wall Street will claw back some losses from Monday's selloff; Jeff Bezos prep","content":"<p>Stock futures indicate Wall Street will claw back some losses from Monday's selloff; Jeff Bezos prepares for liftoff into space; Nvidia outperforms its peers; <a href=\"https://laohu8.com/S/AAPL\">Apple</a> delays a return to the office.</p>\n<p>Here are five things you must know for Tuesday, July 20:</p>\n<p><b>1. Stock Futures Indicate a Modest Recovery From Monday's Rout</b></p>\n<p>Stock futures traded higher Tuesday, indicating Wall Street will claw back some losses from Monday's selloff as investors turned their attention to a slew of earnings reports.</p>\n<p>Contracts linked to the Dow Jones Industrial Average rose 205 points, S&P 500 futures were up 21 points and <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> futures gained 75 points.</p>\n<p>The yield on the benchmark 10-year Treasury fell Tuesday to 1.179%. It fell below 1.2% on Monday to the lowest levels since February as investors moved into safe-haven assets.</p>\n<p>Stocks plummeted Mondayas Wall Street weighed what impact rising COVID-19 cases may have on the economic recovery in the U.S. and globally. The Dow dropped more than 700 points, its worst decline since October.</p>\n<p>\"Valuations across the market as a whole had become stretched and we were due for a pullback, but many of the cyclical companies are selling off on fears that COVID will stop the recovery in its tracks,\" said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.</p>\n<p>\"We don’t believe that that’s the case and are willing to let the selloff run its course and buy the dip on the belief that the economy will fully recover and return to its prior growth trajectory, bringing most of the cyclical companies in the airline, travel and leisure industries along with it,\" Zaccarelli added.</p>\n<p>Benchmark U.S. crude rose 0.63% to $66.84 a barrel early Tuesday after tumbling on worries a resurgence of COVID-19 would sap energy demand.</p>\n<p><b>2. Tuesday's Calendar: <a href=\"https://laohu8.com/S/NFLX\">Netflix, Inc.</a> and Chipotle Earnings</b></p>\n<p>Earnings reports are expected Tuesday from <a href=\"https://laohu8.com/S/NFLX\">Netflix</a> (<b>NFLX</b>) , <a href=\"https://laohu8.com/S/PM\">Philip Morris</a> (<b>PM</b>) , <a href=\"https://laohu8.com/S/ISRG\">Intuitive Surgical</a> (<b>ISRG</b>) , <a href=\"https://laohu8.com/S/UBNK\">United</a> Airlines (<b>UAL</b>) , <a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> (<b>CMG</b>) and <a href=\"https://laohu8.com/S/TRV\">Travelers</a> (<b>TRV</b>) .</p>\n<p>The economic calendar in the U.S. Tuesday includes Housing Starts and Permits for June at 8:30 a.m. ET.</p>\n<p><b>3. Jeff Bezos Prepares for Liftoff</b></p>\n<p>Jeff Bezos, the founder and executive chairman of <a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a> (<b>AMZN</b>) and the richest man on Earth, will be leaving solid ground Tuesday on a flight to space.</p>\n<p>Bezos's Blue Origin space-flight startup will blast him and three other space tourists 66 miles above Earth in a fully autonomous rocket and capsule.</p>\n<p>His trip comes a little more than a week after fellow entrepreneur Richard Branson, the founder of <a href=\"https://laohu8.com/S/SPCE\">Virgin Galactic</a> (<b>SPCE</b>) , made the trip to low-Earth orbit space.</p>\n<p>Bezos will be accompanied by his brother Mark; Mary Wallace Funk, an aviation pioneer who at 82 will be the oldest person to go into space; and Oliver Daemen, who at 18 will bethe youngest person to ever go into space.</p>\n<p>\"We'll be building a road to space for the next generation to do amazing things, and those amazing things will improve things here on Earth,\" Bezos said at a news conference at Launch Site One in Van Horn, Texas. \"We really believe this flight is safe.\"</p>\n<p><b>4. Nvidia's Stock Outperforms</b></p>\n<p>Nvidia (<b>NVDA</b>) was rising in premarket trading Tuesday, a day after thechipmaker rose while many of its competitors fellin Monday's market swoon.</p>\n<p>Nvidia's stock will be split 4-for-1 on Tuesday.</p>\n<p>Shares of Nvidia rose 0.88% to $189.45 early Tuesday after jumping 3.41% during the previous session.</p>\n<p>The stock has risen nearly 80% over the past year, giving it a market value of around $453 billion. That is more than rivals <a href=\"https://laohu8.com/S/INTC\">Intel</a> (<b>INTC</b>) and <a href=\"https://laohu8.com/S/AVGO\">Broadcom</a> (<b>AVGO</b>) combined, a story in The Wall Street Journal noted.</p>\n<p>Analysts have piled on the praise for Nvidia since the company’s first-quarter earnings,which were better than expected.</p>\n<p><a href=\"https://laohu8.com/S/TST\">TheStreet</a>'sBrent Kenwell wrote earlier this month that after a recent declineNvidia shares represented a buy-the-dip candidate.</p>\n<p><b>5. Apple Delays a Return to Offices</b></p>\n<p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> </b>reportedly has pushed back the date it expects employees to return to the tech giant's offices because of a resurgence of COVID variants across many countries.</p>\n<p>Apple has extended the deadline by at least a month to October at the earliest, Bloomberg reported, citing people familiar with the matter.</p>\n<p>CEO Tim Cook had said in June that employees should begin returning to offices in early September for at least three days a week.</p>\n<p>But that directive has changed with the iPhone maker becoming <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the first U.S. tech giants to delay plans for a return to the office. Apple will give its employees at least a month’s warning before mandating a return to offices, people told Bloomberg.</p>\n<p>The stock gained 0.39% in premarket trading to $143. Shares fell 2.69% on Monday.</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>Nvidia, Blue Origin and Jeff Bezos, Apple, Netflix - 5 Things You Must Know Tuesday</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\">\nNvidia, Blue Origin and Jeff Bezos, Apple, Netflix - 5 Things You Must Know Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-20 19:05 GMT+8 <a href=https://www.thestreet.com/markets/5-things-you-must-know-before-market-opens-tuesday-072021><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures indicate Wall Street will claw back some losses from Monday's selloff; Jeff Bezos prepares for liftoff into space; Nvidia outperforms its peers; Apple delays a return to the office.\nHere...</p>\n\n<a href=\"https://www.thestreet.com/markets/5-things-you-must-know-before-market-opens-tuesday-072021\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔","NVDA":"英伟达","NFLX":"奈飞","AMZN":"亚马逊","QNETCN":"纳斯达克中美互联网老虎指数","SPCE":"维珍银河","UAL":"联合大陆航空","AAPL":"苹果"},"source_url":"https://www.thestreet.com/markets/5-things-you-must-know-before-market-opens-tuesday-072021","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158912810","content_text":"Stock futures indicate Wall Street will claw back some losses from Monday's selloff; Jeff Bezos prepares for liftoff into space; Nvidia outperforms its peers; Apple delays a return to the office.\nHere are five things you must know for Tuesday, July 20:\n1. Stock Futures Indicate a Modest Recovery From Monday's Rout\nStock futures traded higher Tuesday, indicating Wall Street will claw back some losses from Monday's selloff as investors turned their attention to a slew of earnings reports.\nContracts linked to the Dow Jones Industrial Average rose 205 points, S&P 500 futures were up 21 points and Nasdaq futures gained 75 points.\nThe yield on the benchmark 10-year Treasury fell Tuesday to 1.179%. It fell below 1.2% on Monday to the lowest levels since February as investors moved into safe-haven assets.\nStocks plummeted Mondayas Wall Street weighed what impact rising COVID-19 cases may have on the economic recovery in the U.S. and globally. The Dow dropped more than 700 points, its worst decline since October.\n\"Valuations across the market as a whole had become stretched and we were due for a pullback, but many of the cyclical companies are selling off on fears that COVID will stop the recovery in its tracks,\" said Chris Zaccarelli, chief investment officer for Independent Advisor Alliance.\n\"We don’t believe that that’s the case and are willing to let the selloff run its course and buy the dip on the belief that the economy will fully recover and return to its prior growth trajectory, bringing most of the cyclical companies in the airline, travel and leisure industries along with it,\" Zaccarelli added.\nBenchmark U.S. crude rose 0.63% to $66.84 a barrel early Tuesday after tumbling on worries a resurgence of COVID-19 would sap energy demand.\n2. Tuesday's Calendar: Netflix, Inc. and Chipotle Earnings\nEarnings reports are expected Tuesday from Netflix (NFLX) , Philip Morris (PM) , Intuitive Surgical (ISRG) , United Airlines (UAL) , Chipotle Mexican Grill (CMG) and Travelers (TRV) .\nThe economic calendar in the U.S. Tuesday includes Housing Starts and Permits for June at 8:30 a.m. ET.\n3. Jeff Bezos Prepares for Liftoff\nJeff Bezos, the founder and executive chairman of Amazon.com (AMZN) and the richest man on Earth, will be leaving solid ground Tuesday on a flight to space.\nBezos's Blue Origin space-flight startup will blast him and three other space tourists 66 miles above Earth in a fully autonomous rocket and capsule.\nHis trip comes a little more than a week after fellow entrepreneur Richard Branson, the founder of Virgin Galactic (SPCE) , made the trip to low-Earth orbit space.\nBezos will be accompanied by his brother Mark; Mary Wallace Funk, an aviation pioneer who at 82 will be the oldest person to go into space; and Oliver Daemen, who at 18 will bethe youngest person to ever go into space.\n\"We'll be building a road to space for the next generation to do amazing things, and those amazing things will improve things here on Earth,\" Bezos said at a news conference at Launch Site One in Van Horn, Texas. \"We really believe this flight is safe.\"\n4. Nvidia's Stock Outperforms\nNvidia (NVDA) was rising in premarket trading Tuesday, a day after thechipmaker rose while many of its competitors fellin Monday's market swoon.\nNvidia's stock will be split 4-for-1 on Tuesday.\nShares of Nvidia rose 0.88% to $189.45 early Tuesday after jumping 3.41% during the previous session.\nThe stock has risen nearly 80% over the past year, giving it a market value of around $453 billion. That is more than rivals Intel (INTC) and Broadcom (AVGO) combined, a story in The Wall Street Journal noted.\nAnalysts have piled on the praise for Nvidia since the company’s first-quarter earnings,which were better than expected.\nTheStreet'sBrent Kenwell wrote earlier this month that after a recent declineNvidia shares represented a buy-the-dip candidate.\n5. Apple Delays a Return to Offices\nApple reportedly has pushed back the date it expects employees to return to the tech giant's offices because of a resurgence of COVID variants across many countries.\nApple has extended the deadline by at least a month to October at the earliest, Bloomberg reported, citing people familiar with the matter.\nCEO Tim Cook had said in June that employees should begin returning to offices in early September for at least three days a week.\nBut that directive has changed with the iPhone maker becoming one of the first U.S. tech giants to delay plans for a return to the office. Apple will give its employees at least a month’s warning before mandating a return to offices, people told Bloomberg.\nThe stock gained 0.39% in premarket trading to $143. Shares fell 2.69% on Monday.","news_type":1,"symbols_score_info":{"INTC":0.9,"AMZN":0.9,"SPCE":0.9,"QNETCN":0.9,"UAL":0.9,"AAPL":0.9,"NVDA":0.9,"NFLX":0.9}},"isVote":1,"tweetType":1,"viewCount":1053,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806107049,"gmtCreate":1627638191181,"gmtModify":1703493845580,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Like leh. I want applegao","listText":"Like leh. I want applegao","text":"Like leh. I want applegao","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/806107049","repostId":"1138453945","repostType":4,"repost":{"id":"1138453945","kind":"news","pubTimestamp":1627636895,"share":"https://ttm.financial/m/news/1138453945?lang=en_US&edition=fundamental","pubTime":"2021-07-30 17:21","market":"us","language":"en","title":"Apple Stock Is Cheap, Here Is Why","url":"https://stock-news.laohu8.com/highlight/detail?id=1138453945","media":"TheStreet","summary":"Apple delivered strong Q3 results, but the stock went nowhere. The Apple Maven argues that AAPL is a","content":"<p>Apple delivered strong Q3 results, but the stock went nowhere. The Apple Maven argues that AAPL is attractively valued once again. Here is why.</p>\n<p>DespiteApple’s outstanding fiscal third quarter numbers, reported on July 27, Apple stock failed to find support. Shares were down -1.2% after the quarterly report, after having dipped another -1.5% on earnings day itself.</p>\n<p>Some, including BMO Capital’s Tim Long, have argued that AAPL has reached fair valuation. I, on the other hand, believe that the stock has returned to being attractively priced. I present below the calculations that support my thesis.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3facec59ae76a6c28f4c5847600b4de\" tg-width=\"1240\" tg-height=\"886\" width=\"100%\" height=\"auto\"><span>Figure 1: New York Apple Store (Fifth Avenue).</span></p>\n<p><b>Great business, good valuation</b></p>\n<p>I can not start a debate about Apple stock price and valuations without emphasizing what seems obvious to me. Apple has been executing flawlessly as of late, both during the COVID-19 crisis and through the messy post-pandemic environment of supply chain challenges, limited access to physical stores, etc.</p>\n<p>That said, my main concern regarding Apple stock, if at all, tends to be valuations. Around mid-May, I presented the graph below as a key reason to “confidently buy Apple” on year-to-date weakness. Since the day of that article, AAPL has climbed 14% in just short of 12 weeks against the S&P 500’s 5% rise.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aac0b08108dea875dd3255e8f75f0987\" tg-width=\"1240\" tg-height=\"518\" width=\"100%\" height=\"auto\"><span>Figure 2: AAPL - Historical valuation multiples.</span></p>\n<p>Counterintuitively, despite the recent rally, I think that Apple shares have started to head towards undervaluation once again. Think of current year P/E of 28 times as a starting point, which seems rich at first glance. This multiple is based on pre-earnings EPS consensus of $5.18 for fiscal 2021.</p>\n<p>After July 27, Apple’s management team presented investors with two new pieces of information. First, fiscal Q3 consensus EPS of $1.01 proved to be understated by 29 cents. Mathematically, and adjusting only for the most recent earnings beat, full-year EPS estimates should have been closer to $5.47.</p>\n<p>The other part was fiscal Q4 outlook. While Apple did not provide specific guidance on revenues, it offered directional commentary on sales and offered projections on other P&L items (see below):</p>\n<ul>\n <li><b>Revenue</b>: Double-digit growth, absent a COVID-19 comeback, but at a rate lower than the 36% seen in June quarter due to foreign exchange, normalization of services trend, and even worse supply constraints on iPhone and iPad.</li>\n <li><b>Below revenue line</b>: GM between 41.5% and 42.5%, opex between $11.3 billion and $11.5 billion, other income zero, tax rate of 16%.</li>\n</ul>\n<p>I went ahead and plugged in the numbers. Wall Street projects revenue growth of 30% in fiscal Q4, which is in line with Apple’s vague outlook. Assuming the mid-point of the guidance range on all other P&L items, I estimate that next quarter’s EPS consensus should settle at $1.21 – about ten cents above where it currently stands.</p>\n<p>Lastly, consider that Apple has topped EPS consensus by 14 cents each quarter for the past ten periods. Add ten plus fourteen cents to the $5.47 mentioned above, and we are looking at a reasonable estimate of $5.71 in EPS for the current fiscal year. This represents a current P/E of only 25 times on the stock.</p>\n<p>This could be just an interesting coincidence, but a current-year P/E of 25 times was precisely the multiple that AAPL commanded in early May, before it leaped to nearly $150 per share last week. If I considered the stock a “confident buy” back then, I should have the same opinion now, at least for the sake of consistency.</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 Stock Is Cheap, Here Is Why</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 Stock Is Cheap, Here Is Why\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-30 17:21 GMT+8 <a href=https://www.thestreet.com/apple/stock/apple-stock-is-cheap-here-is-why><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple delivered strong Q3 results, but the stock went nowhere. The Apple Maven argues that AAPL is attractively valued once again. Here is why.\nDespiteApple’s outstanding fiscal third quarter numbers,...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/apple-stock-is-cheap-here-is-why\">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://www.thestreet.com/apple/stock/apple-stock-is-cheap-here-is-why","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138453945","content_text":"Apple delivered strong Q3 results, but the stock went nowhere. The Apple Maven argues that AAPL is attractively valued once again. Here is why.\nDespiteApple’s outstanding fiscal third quarter numbers, reported on July 27, Apple stock failed to find support. Shares were down -1.2% after the quarterly report, after having dipped another -1.5% on earnings day itself.\nSome, including BMO Capital’s Tim Long, have argued that AAPL has reached fair valuation. I, on the other hand, believe that the stock has returned to being attractively priced. I present below the calculations that support my thesis.\nFigure 1: New York Apple Store (Fifth Avenue).\nGreat business, good valuation\nI can not start a debate about Apple stock price and valuations without emphasizing what seems obvious to me. Apple has been executing flawlessly as of late, both during the COVID-19 crisis and through the messy post-pandemic environment of supply chain challenges, limited access to physical stores, etc.\nThat said, my main concern regarding Apple stock, if at all, tends to be valuations. Around mid-May, I presented the graph below as a key reason to “confidently buy Apple” on year-to-date weakness. Since the day of that article, AAPL has climbed 14% in just short of 12 weeks against the S&P 500’s 5% rise.\nFigure 2: AAPL - Historical valuation multiples.\nCounterintuitively, despite the recent rally, I think that Apple shares have started to head towards undervaluation once again. Think of current year P/E of 28 times as a starting point, which seems rich at first glance. This multiple is based on pre-earnings EPS consensus of $5.18 for fiscal 2021.\nAfter July 27, Apple’s management team presented investors with two new pieces of information. First, fiscal Q3 consensus EPS of $1.01 proved to be understated by 29 cents. Mathematically, and adjusting only for the most recent earnings beat, full-year EPS estimates should have been closer to $5.47.\nThe other part was fiscal Q4 outlook. While Apple did not provide specific guidance on revenues, it offered directional commentary on sales and offered projections on other P&L items (see below):\n\nRevenue: Double-digit growth, absent a COVID-19 comeback, but at a rate lower than the 36% seen in June quarter due to foreign exchange, normalization of services trend, and even worse supply constraints on iPhone and iPad.\nBelow revenue line: GM between 41.5% and 42.5%, opex between $11.3 billion and $11.5 billion, other income zero, tax rate of 16%.\n\nI went ahead and plugged in the numbers. Wall Street projects revenue growth of 30% in fiscal Q4, which is in line with Apple’s vague outlook. Assuming the mid-point of the guidance range on all other P&L items, I estimate that next quarter’s EPS consensus should settle at $1.21 – about ten cents above where it currently stands.\nLastly, consider that Apple has topped EPS consensus by 14 cents each quarter for the past ten periods. Add ten plus fourteen cents to the $5.47 mentioned above, and we are looking at a reasonable estimate of $5.71 in EPS for the current fiscal year. This represents a current P/E of only 25 times on the stock.\nThis could be just an interesting coincidence, but a current-year P/E of 25 times was precisely the multiple that AAPL commanded in early May, before it leaped to nearly $150 per share last week. If I considered the stock a “confident buy” back then, I should have the same opinion now, at least for the sake of consistency.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":806104703,"gmtCreate":1627638162302,"gmtModify":1703493845246,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)</a>bb2dmoon n mercury ","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)</a>bb2dmoon n mercury ","text":"$BlackBerry(BB)bb2dmoon n mercury","images":[{"img":"https://static.tigerbbs.com/a3371d4697f28e017528d8de4f74ea7f","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/806104703","isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":177850140,"gmtCreate":1627198507680,"gmtModify":1703485483111,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"How about Bb? Pl comment n like leh :)","listText":"How about Bb? Pl comment n like leh :)","text":"How about Bb? Pl comment n like leh :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/177850140","repostId":"1107345366","repostType":4,"repost":{"id":"1107345366","kind":"news","pubTimestamp":1627176839,"share":"https://ttm.financial/m/news/1107345366?lang=en_US&edition=fundamental","pubTime":"2021-07-25 09:33","market":"us","language":"en","title":"GameStop: The Game Is Far From Over","url":"https://stock-news.laohu8.com/highlight/detail?id=1107345366","media":"seekingalpha","summary":"Summary\n\nGameStop has revamped itself to progressively move towards to become a major e-commerce pla","content":"<p><b>Summary</b></p>\n<ul>\n <li>GameStop has revamped itself to progressively move towards to become a major e-commerce player.</li>\n <li>We think the company may possibly be at an inflection point, if the management team is able to successfully execute its new e-commerce pivot.</li>\n <li>In addition, we exhort the bears to pay special attention to the Reddit community, given its growing user base and influence in their investors' decision-making process.</li>\n <li>While we don't have a position in GameStop, we don't think the game is over for the company.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>The speculation fervor behind GameStop’s (GME) meteoric rise to the stratospheric levels of $480 per share last seen in Jan has subsided significantly, as the stock last traded at the $178 price level, a 63% decline from the ATH reached during the January mania.</p>\n<p>While we agree to a large extent with the Street’s valuation opinion, that this stock seems to be significantly overvalued (The Street’s mean target price is $37.5), we would also like to highlight that we don’t think we presently have a valuation model that can comprehensively incorporate the underlying factors driving the company’s stock price, and therefore would not boldly proclaim to investors who have an interest in meme stocks, to stay away from GME.</p>\n<p>We thinkeMarketerdelineated in this recent piece in June, what factors they thought could have driven the underlying demand behind meme stocks in Reddit forums like GME:</p>\n<blockquote>\n Punishing short sellers. Clover Health (CLOV) short-sellers, who believed the stock was overvalued, were down $438 million in mark-to-market losses. GameStop short sellers lost over $5 billion.Perplexing the markets “for the memes”—i.e., it’s just funny. Reddit posts on r/WallStreetBets highlight how members make seemingly irrational investment decisions for the joy of duping financial institutions.Pump and dump. The artificially inflated share prices can maximize profit for the lucky few who invest early.\n</blockquote>\n<p>We think investors who have been schooled in fundamental analysis would never be able to develop models that could fully factor in the above, as these investors think the long term value of stocks are driven by the long term strength and the competitive moat of their underlying businesses, but not with the \"ludicrous\" methods adopted by the Redditors in the way they analyze stocks.</p>\n<p>In this article, we dive deeper to look at the key fundamental drivers underpinning GME's business, and how we think the Reddit community's participation and influence in meme stocks like GME would continue to disrupt the valuation outlook for the company moving forward.</p>\n<p>What Has Changed for GameStop since the January Mania?</p>\n<p>GME recently appointed2 key veteranexecutives from Amazon (AMZN): Matt Furlong and Mike Recupero as its CEO and CFO, respectively, as part of Chairman Ryan Cohen's strategic revamp of GME's business model to pivot towards becoming a major \"e-commerce powerhouse.\"</p>\n<p>While the guidance from the new management may have been sparse so far, the team has certainly gotten down to work quickly, to put in place the necessary building blocks to gradually move GME into a major e-commerce player, as they have started to expand itsfulfillment centers, with two new recent facilities in Reno, Nevada and York, Pennsylvania, that have given the company a total capacity of more than 1.2M square feet.</p>\n<p>Ryan Cohen has also made it clear that the company wouldn't be specifying intricate details on its overhaul plans to its competitors, but instead appealing to investors to judge the team on their actions, as he emphasized:</p>\n<blockquote>\n You won’t find ustalking a big game, making a bunch of lofty promises or telegraphing our strategy to the competition...We have a lot of work in front of us. Moving forward, we want you to judge GameStop based on our actions -- not our words.\n</blockquote>\n<p>However, the Street was hardly convinced with Ryan Cohen or the company’s strategy, asWedbush Securitiesarticulated recently: “I think it got away from him. I think his ego’s gotten in the way and now he's going to prove [to] everybody [that he] knows what he's doing. If there [was] a strategy, it's shocking that he hasn't told us. We were supposed to hear about this five months ago. What is such a secret?”</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/213a840d218039b67bebc984532ecf5f\" tg-width=\"640\" tg-height=\"396\" width=\"100%\" height=\"auto\"><span>Quarterly revenues. Data source: S&P Capital IQ</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c46f7322b39c6468f6929c1fd414921b\" tg-width=\"640\" tg-height=\"354\" width=\"100%\" height=\"auto\"><span>LTM revenue. Data source: S&P Capital IQ</span></p>\n<p>We could observe that the company seems to have been able to arrest the declining trend in its revenue in Q4'21 and Q1'22 (GME defines its FY differently from its CY), which took place well before the new management was in place. The company's Q4'21 revenue of $2.12B was its strong quarter over the last 3 years, while Q1'22's revenue grew 25% YoY. Therefore, when we plotted it over an LTM basis, we think that there's hope over the horizon, that perhaps the new management team may have an encouraging start, in the company's quest to become an important e-commerce competitor. We think investors should continue monitoring this space closely, especially on the build-up of the company's fulfillment centers, which is highly integral towards its e-commerce ambitions.</p>\n<p>LTM EBIT margins trend. Data Source: S&P Capital IQ</p>\n<p>While the company's EBIT margin trend has certainly been of major concern, we think this is an area certainly worth watching, as yet again we observed an improvement in the LTM trend, as the company posted an LTM EBIT margin of -3.5% in Q1'22, as compared to its LTM EBIT margin of -4.9% in Q4'21. While we don't think the company is out of the woods yet, but we think the company may have stopped the rot, at least for now.</p>\n<p>Debt to Equity Ratio. Source:Simply Wall St</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8eaacbe2d43de887038c30e9ab4bcfa2\" tg-width=\"640\" tg-height=\"353\" width=\"100%\" height=\"auto\"><span>LTM Levered FCF margin. Data source: S&P Capital IQ</span></p>\n<p>The company has also astutely capitalized on its share price to completetwo equity offeringsto buttress its balance sheet. As a result, the company's debt to equity ratio has improved significantly to 5.5%, with a debt balance of just $48.1M, while having a cash and ST investments balance of $694.7M (as of 1 May 21, before both equity offerings which raised a total of $1.677B, and before paring down of debt). In addition, the company has also never really been bleeding cash, as its levered FCF margins trend has always been relatively healthy while having also improved its LTM levered FCF margin at the recent quarter to 1.6%.</p>\n<p>Therefore, we think GME looks well-positioned to take advantage of its strategic overhaul towards its new e-commerce pivot if the management can successfully execute moving forward. While we are not too sure at this point on the roadmap ahead for GME, the Reddit community seems to be ready to continue supporting this company, as we shall go into detail how the Reddit community would continue to be a highly important force to be reckoned with, in their quest to bolster the stock price of the company, such that even Ryan Cohen made it a point to pay a special tribute to the Reddit community:</p>\n<blockquote>\n We’re fortunateto have such a special group of investors holding the company’s shares, you guys inspire us to think bigger, fight harder and work longer each day.\n</blockquote>\n<p><b>The Reddit Community Grew by 25.9% in 2020</b></p>\n<p>US social network user growth, by platform 2020 & 2021. Source:eMarketer</p>\n<p>Investors should be able to observe that Reddit posted highly remarkable growth in 2020, as users on its platform grew by 25.9% YoY, andeMarketeralso expects the Reddit community to grow by 14.4% in 2021, to reach 43.3M users. We think the increasing popularity towards the adoption of Reddit would continue to sustain investors' interest in meme stocks like GME, moving forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4f886ecf993efe35532771c132d94a6a\" tg-width=\"600\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Population distribution in the US in 2019, by generation. Data source: US Census Bureau</span></p>\n<p>We believe that Reddit has certainly benefited from the secular drivers underpinning digitization, which has also led to significant growth and popularity in trading platforms like Robinhood (HOOD), where theaverage agein 2020 is 31 years old. This puts the average age of Robinhood users right within the age group of the Millennials, who were born between 1981 and 1996 (25 to 40 years old), and accounted for 21.97% of the US population, based on the 2019 census.</p>\n<p>Importantly, we could also observe that Millennial investors are interested in stocks that are not the “safe and steady” stocks that a typical investor is expected to hold if I could put it that way. We don’t think valuations form the most important considerations to these investors as we could observe from the above.</p>\n<p>According to a report byApex Clearing, Tesla (TSLA) formed the largest holdings of their Millennials portfolio in Q1’21, with a 28.3% share, a stock that we think investors would not typically say it’s cheap. While AAPL was the second-largest holding with a 14.5% share, GME also rounded up the top 4 with a 5.2% share, lending support to our opinion that Millennial investors’ motivations are driven by factors beyond just fundamentals and valuations.</p>\n<p>Among the holdings in the Millennials portfolio, we could observe many other examples that corroborate these investors' interests in premium stocks, like Nvidia (NVDA), another meme stock like AMC Entertainment (AMC), Churchill Capital Corp (CCIV), its third-largest holding; Nio (NIO), Palantir (PLTR), and even Square (SQ), stocks we think investors would not typically ascribe as value stocks.</p>\n<p>Therefore, we think the general investor community needs to understand that there’s a huge and growing base of investors whose understanding and expectations of fundamentals and valuations are certainly quite different from what our typical valuation models could account for.</p>\n<p>We think the market is definitely bigger and much more complex than what we know, and it’s just not possible to use the same fundamental analysis and valuation methods to value meme stocks like GME and say that they are way overvalued, a process that we honestly think is quite meaningless in the world of meme stocks investment.</p>\n<p><b>Analyzing the Reddit Opinion</b></p>\n<p>Individual investors’ opinion on Reddit after GameStop short squeeze in the US, UK, and Canada as of Feb 21, by age. Data source:Brunswick</p>\n<p>According to a survey by Brunswick, we could observe the importance of the Reddit forums as an investment tool for investors, especially among the younger investors within the age group of 18-29 years old. About 14% of all investors “trust Reddit as a media alternative,” and the share even shot up to 31% among the younger investors. In addition, a good proportion (25%) of the younger investors also took part in the GME opportunities, while 20% of them think that the GME events “represent a fundamental shift of power in the market.” While these opinions may belong within the minority of investors, we think the proportion of investors is certainly large enough to raise the eyebrows of the general investment community, and therefore we think the power of the Reddit forums is certainly a force to be reckoned with moving ahead.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/aa3108c1a56bc4c6221a4d8297e018d3\" tg-width=\"826\" tg-height=\"511\" width=\"100%\" height=\"auto\"><span>Share of institutional investors using Reddit to investigate an issue in the US, UK, and Canada. Data source: Brunswick</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e72f250f4fe70ca9af575b6828bace0d\" tg-width=\"600\" tg-height=\"371\" width=\"100%\" height=\"auto\"><span>Average trust score assigned by institutional investors to Reddit in the US, UK, and Canada. Data source: Brunswick</span></p>\n<p>We could observe Reddit’s increasing influence even among institutional investors, as 27% of them used Reddit to “investigate an issue”, which increased discernibly from the previous years, even though their trust in the platform dropped markedly from an average score of 3.5 in 2019 to 2.0 in 2021. We think this shows that institutional investors consider Reddit’s increasing influence in the general investment community’s decision-making process, but they don’t trust those things going on in those forums as meaningful enough for their \"well-developed\" processes, as compared to individual investors shown earlier.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a87f8665c27d127566189bd21a035158\" tg-width=\"956\" tg-height=\"591\" width=\"100%\" height=\"auto\"><span>Institutional investors' attitude towards members of the Reddit wallstreetbets community. Data source: Brunswick</span></p>\n<p>While 48% of institutional investors think that the Redditors “might have a short term influence, but they won’t be able to sustain it,” 27% developed some curiosity regarding Reddit influence among the investors’ community, and 13% of them developed some form of respect for the way the Redditors were able to amass an army to outgun some of Wall Street’s brightest minds. We were therefore not surprised to find that 20% of these institutional investors were frustrated with what they considered as “market manipulation” by the Redditors.</p>\n<p><b>Looking Ahead</b></p>\n<p>Ownership breakdown. Source:Simply Wall St</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1dd4930d00083121d28ea6d57285bc5\" tg-width=\"1280\" tg-height=\"501\" width=\"100%\" height=\"auto\"><span>Institutional ownership changes. Source:Marketbeat</span></p>\n<p>Moving forward, we think meme stocks like GME would continue to feature prominently within the Reddit forums and remain one of their “flagship” stocks in their fight against the Street. Retail investors now hold the largest share of ownership of GME stock, accounting for 45.1% of total ownership. Interestingly, there’s still a sizable proportion (36.4%) of institutional investors that remain vested in GME, which includes GME’s largest shareholder: Blackrock, which owns 12.36% of GME stock. While GME witnessed a significant outflow of $1.93B of institutional capital in Q2’21, the stock price remained well above the closing price of $17.25, on the first trading day of 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a708e62291662e5d4e2bce79492dc93a\" tg-width=\"1244\" tg-height=\"656\" width=\"100%\" height=\"auto\"><span>Percentage of float shorted over time. Source:Marketbeat</span></p>\n<p>Importantly, the price continues to be sustained even though the short percentage of float has dropped significantly from 41.96% in Jan, to “just” 14.18% at the end of June, its lowest recorded two-week period in 2021.</p>\n<p>Other than the 45.1% of retail investors who are vested in GME, the stock is also supported by Ryan Cohen’s 12.13% share, which makes him the second-largest shareholder of GME stock, behind Blackrock, even though the purchase price for his last batch of 1.274M shares in Dec 20 is about $14.24, which certainly gives him a huge margin of safety if we consider GME’s last closing price of $178.85.</p>\n<p><b>Price Action and Trend Analysis</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fe5e54ac5cfe6504ec07c334a8c52668\" tg-width=\"1280\" tg-height=\"786\" width=\"100%\" height=\"auto\"><span>Source: TradingView</span></p>\n<p>Ever since the mania we witnessed at the start of the year, GME has settled down and seems to have developed an uptrend bias, with a support level that has attracted strong buying interest between the $130 and $160 price level previously. It is a level that we expect the buyers to continue defending strongly, based on our price action analysis. For investors who are keen to take a position in GME, we think they may consider an entry within that buy range that we highlighted.</p>\n<p>While we are convinced that the volatility in GameStop’s price is likely to continue moving ahead, we think the stock has incredibly found huge buying interest among the retail community that has shaken the foundations of the institutional investors, asStenham Asset Managementarticulated:</p>\n<blockquote>\n \"In the current environment, you are being negligent if you don’t measure and manage your exposure on the short side to both crowding and retail interest,\" and we think one of the multibillion-dollar US hedge fund also succinctly summed up the rising influence of the Reddit community: “[We] are absolutely looking at forums such as WSB, we are monitoring that extremely closely.”\n</blockquote>\n<p>In GameStop, we think the game is certainly far from being over.</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>GameStop: The Game Is Far From Over</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\">\nGameStop: The Game Is Far From Over\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-25 09:33 GMT+8 <a href=https://seekingalpha.com/article/4441170-gamestop-the-game-is-far-from-over><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nGameStop has revamped itself to progressively move towards to become a major e-commerce player.\nWe think the company may possibly be at an inflection point, if the management team is able to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4441170-gamestop-the-game-is-far-from-over\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://seekingalpha.com/article/4441170-gamestop-the-game-is-far-from-over","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107345366","content_text":"Summary\n\nGameStop has revamped itself to progressively move towards to become a major e-commerce player.\nWe think the company may possibly be at an inflection point, if the management team is able to successfully execute its new e-commerce pivot.\nIn addition, we exhort the bears to pay special attention to the Reddit community, given its growing user base and influence in their investors' decision-making process.\nWhile we don't have a position in GameStop, we don't think the game is over for the company.\n\nInvestment Thesis\nThe speculation fervor behind GameStop’s (GME) meteoric rise to the stratospheric levels of $480 per share last seen in Jan has subsided significantly, as the stock last traded at the $178 price level, a 63% decline from the ATH reached during the January mania.\nWhile we agree to a large extent with the Street’s valuation opinion, that this stock seems to be significantly overvalued (The Street’s mean target price is $37.5), we would also like to highlight that we don’t think we presently have a valuation model that can comprehensively incorporate the underlying factors driving the company’s stock price, and therefore would not boldly proclaim to investors who have an interest in meme stocks, to stay away from GME.\nWe thinkeMarketerdelineated in this recent piece in June, what factors they thought could have driven the underlying demand behind meme stocks in Reddit forums like GME:\n\n Punishing short sellers. Clover Health (CLOV) short-sellers, who believed the stock was overvalued, were down $438 million in mark-to-market losses. GameStop short sellers lost over $5 billion.Perplexing the markets “for the memes”—i.e., it’s just funny. Reddit posts on r/WallStreetBets highlight how members make seemingly irrational investment decisions for the joy of duping financial institutions.Pump and dump. The artificially inflated share prices can maximize profit for the lucky few who invest early.\n\nWe think investors who have been schooled in fundamental analysis would never be able to develop models that could fully factor in the above, as these investors think the long term value of stocks are driven by the long term strength and the competitive moat of their underlying businesses, but not with the \"ludicrous\" methods adopted by the Redditors in the way they analyze stocks.\nIn this article, we dive deeper to look at the key fundamental drivers underpinning GME's business, and how we think the Reddit community's participation and influence in meme stocks like GME would continue to disrupt the valuation outlook for the company moving forward.\nWhat Has Changed for GameStop since the January Mania?\nGME recently appointed2 key veteranexecutives from Amazon (AMZN): Matt Furlong and Mike Recupero as its CEO and CFO, respectively, as part of Chairman Ryan Cohen's strategic revamp of GME's business model to pivot towards becoming a major \"e-commerce powerhouse.\"\nWhile the guidance from the new management may have been sparse so far, the team has certainly gotten down to work quickly, to put in place the necessary building blocks to gradually move GME into a major e-commerce player, as they have started to expand itsfulfillment centers, with two new recent facilities in Reno, Nevada and York, Pennsylvania, that have given the company a total capacity of more than 1.2M square feet.\nRyan Cohen has also made it clear that the company wouldn't be specifying intricate details on its overhaul plans to its competitors, but instead appealing to investors to judge the team on their actions, as he emphasized:\n\n You won’t find ustalking a big game, making a bunch of lofty promises or telegraphing our strategy to the competition...We have a lot of work in front of us. Moving forward, we want you to judge GameStop based on our actions -- not our words.\n\nHowever, the Street was hardly convinced with Ryan Cohen or the company’s strategy, asWedbush Securitiesarticulated recently: “I think it got away from him. I think his ego’s gotten in the way and now he's going to prove [to] everybody [that he] knows what he's doing. If there [was] a strategy, it's shocking that he hasn't told us. We were supposed to hear about this five months ago. What is such a secret?”\nQuarterly revenues. Data source: S&P Capital IQ\nLTM revenue. Data source: S&P Capital IQ\nWe could observe that the company seems to have been able to arrest the declining trend in its revenue in Q4'21 and Q1'22 (GME defines its FY differently from its CY), which took place well before the new management was in place. The company's Q4'21 revenue of $2.12B was its strong quarter over the last 3 years, while Q1'22's revenue grew 25% YoY. Therefore, when we plotted it over an LTM basis, we think that there's hope over the horizon, that perhaps the new management team may have an encouraging start, in the company's quest to become an important e-commerce competitor. We think investors should continue monitoring this space closely, especially on the build-up of the company's fulfillment centers, which is highly integral towards its e-commerce ambitions.\nLTM EBIT margins trend. Data Source: S&P Capital IQ\nWhile the company's EBIT margin trend has certainly been of major concern, we think this is an area certainly worth watching, as yet again we observed an improvement in the LTM trend, as the company posted an LTM EBIT margin of -3.5% in Q1'22, as compared to its LTM EBIT margin of -4.9% in Q4'21. While we don't think the company is out of the woods yet, but we think the company may have stopped the rot, at least for now.\nDebt to Equity Ratio. Source:Simply Wall St\nLTM Levered FCF margin. Data source: S&P Capital IQ\nThe company has also astutely capitalized on its share price to completetwo equity offeringsto buttress its balance sheet. As a result, the company's debt to equity ratio has improved significantly to 5.5%, with a debt balance of just $48.1M, while having a cash and ST investments balance of $694.7M (as of 1 May 21, before both equity offerings which raised a total of $1.677B, and before paring down of debt). In addition, the company has also never really been bleeding cash, as its levered FCF margins trend has always been relatively healthy while having also improved its LTM levered FCF margin at the recent quarter to 1.6%.\nTherefore, we think GME looks well-positioned to take advantage of its strategic overhaul towards its new e-commerce pivot if the management can successfully execute moving forward. While we are not too sure at this point on the roadmap ahead for GME, the Reddit community seems to be ready to continue supporting this company, as we shall go into detail how the Reddit community would continue to be a highly important force to be reckoned with, in their quest to bolster the stock price of the company, such that even Ryan Cohen made it a point to pay a special tribute to the Reddit community:\n\n We’re fortunateto have such a special group of investors holding the company’s shares, you guys inspire us to think bigger, fight harder and work longer each day.\n\nThe Reddit Community Grew by 25.9% in 2020\nUS social network user growth, by platform 2020 & 2021. Source:eMarketer\nInvestors should be able to observe that Reddit posted highly remarkable growth in 2020, as users on its platform grew by 25.9% YoY, andeMarketeralso expects the Reddit community to grow by 14.4% in 2021, to reach 43.3M users. We think the increasing popularity towards the adoption of Reddit would continue to sustain investors' interest in meme stocks like GME, moving forward.\nPopulation distribution in the US in 2019, by generation. Data source: US Census Bureau\nWe believe that Reddit has certainly benefited from the secular drivers underpinning digitization, which has also led to significant growth and popularity in trading platforms like Robinhood (HOOD), where theaverage agein 2020 is 31 years old. This puts the average age of Robinhood users right within the age group of the Millennials, who were born between 1981 and 1996 (25 to 40 years old), and accounted for 21.97% of the US population, based on the 2019 census.\nImportantly, we could also observe that Millennial investors are interested in stocks that are not the “safe and steady” stocks that a typical investor is expected to hold if I could put it that way. We don’t think valuations form the most important considerations to these investors as we could observe from the above.\nAccording to a report byApex Clearing, Tesla (TSLA) formed the largest holdings of their Millennials portfolio in Q1’21, with a 28.3% share, a stock that we think investors would not typically say it’s cheap. While AAPL was the second-largest holding with a 14.5% share, GME also rounded up the top 4 with a 5.2% share, lending support to our opinion that Millennial investors’ motivations are driven by factors beyond just fundamentals and valuations.\nAmong the holdings in the Millennials portfolio, we could observe many other examples that corroborate these investors' interests in premium stocks, like Nvidia (NVDA), another meme stock like AMC Entertainment (AMC), Churchill Capital Corp (CCIV), its third-largest holding; Nio (NIO), Palantir (PLTR), and even Square (SQ), stocks we think investors would not typically ascribe as value stocks.\nTherefore, we think the general investor community needs to understand that there’s a huge and growing base of investors whose understanding and expectations of fundamentals and valuations are certainly quite different from what our typical valuation models could account for.\nWe think the market is definitely bigger and much more complex than what we know, and it’s just not possible to use the same fundamental analysis and valuation methods to value meme stocks like GME and say that they are way overvalued, a process that we honestly think is quite meaningless in the world of meme stocks investment.\nAnalyzing the Reddit Opinion\nIndividual investors’ opinion on Reddit after GameStop short squeeze in the US, UK, and Canada as of Feb 21, by age. Data source:Brunswick\nAccording to a survey by Brunswick, we could observe the importance of the Reddit forums as an investment tool for investors, especially among the younger investors within the age group of 18-29 years old. About 14% of all investors “trust Reddit as a media alternative,” and the share even shot up to 31% among the younger investors. In addition, a good proportion (25%) of the younger investors also took part in the GME opportunities, while 20% of them think that the GME events “represent a fundamental shift of power in the market.” While these opinions may belong within the minority of investors, we think the proportion of investors is certainly large enough to raise the eyebrows of the general investment community, and therefore we think the power of the Reddit forums is certainly a force to be reckoned with moving ahead.\nShare of institutional investors using Reddit to investigate an issue in the US, UK, and Canada. Data source: Brunswick\nAverage trust score assigned by institutional investors to Reddit in the US, UK, and Canada. Data source: Brunswick\nWe could observe Reddit’s increasing influence even among institutional investors, as 27% of them used Reddit to “investigate an issue”, which increased discernibly from the previous years, even though their trust in the platform dropped markedly from an average score of 3.5 in 2019 to 2.0 in 2021. We think this shows that institutional investors consider Reddit’s increasing influence in the general investment community’s decision-making process, but they don’t trust those things going on in those forums as meaningful enough for their \"well-developed\" processes, as compared to individual investors shown earlier.\nInstitutional investors' attitude towards members of the Reddit wallstreetbets community. Data source: Brunswick\nWhile 48% of institutional investors think that the Redditors “might have a short term influence, but they won’t be able to sustain it,” 27% developed some curiosity regarding Reddit influence among the investors’ community, and 13% of them developed some form of respect for the way the Redditors were able to amass an army to outgun some of Wall Street’s brightest minds. We were therefore not surprised to find that 20% of these institutional investors were frustrated with what they considered as “market manipulation” by the Redditors.\nLooking Ahead\nOwnership breakdown. Source:Simply Wall St\nInstitutional ownership changes. Source:Marketbeat\nMoving forward, we think meme stocks like GME would continue to feature prominently within the Reddit forums and remain one of their “flagship” stocks in their fight against the Street. Retail investors now hold the largest share of ownership of GME stock, accounting for 45.1% of total ownership. Interestingly, there’s still a sizable proportion (36.4%) of institutional investors that remain vested in GME, which includes GME’s largest shareholder: Blackrock, which owns 12.36% of GME stock. While GME witnessed a significant outflow of $1.93B of institutional capital in Q2’21, the stock price remained well above the closing price of $17.25, on the first trading day of 2021.\nPercentage of float shorted over time. Source:Marketbeat\nImportantly, the price continues to be sustained even though the short percentage of float has dropped significantly from 41.96% in Jan, to “just” 14.18% at the end of June, its lowest recorded two-week period in 2021.\nOther than the 45.1% of retail investors who are vested in GME, the stock is also supported by Ryan Cohen’s 12.13% share, which makes him the second-largest shareholder of GME stock, behind Blackrock, even though the purchase price for his last batch of 1.274M shares in Dec 20 is about $14.24, which certainly gives him a huge margin of safety if we consider GME’s last closing price of $178.85.\nPrice Action and Trend Analysis\nSource: TradingView\nEver since the mania we witnessed at the start of the year, GME has settled down and seems to have developed an uptrend bias, with a support level that has attracted strong buying interest between the $130 and $160 price level previously. It is a level that we expect the buyers to continue defending strongly, based on our price action analysis. For investors who are keen to take a position in GME, we think they may consider an entry within that buy range that we highlighted.\nWhile we are convinced that the volatility in GameStop’s price is likely to continue moving ahead, we think the stock has incredibly found huge buying interest among the retail community that has shaken the foundations of the institutional investors, asStenham Asset Managementarticulated:\n\n \"In the current environment, you are being negligent if you don’t measure and manage your exposure on the short side to both crowding and retail interest,\" and we think one of the multibillion-dollar US hedge fund also succinctly summed up the rising influence of the Reddit community: “[We] are absolutely looking at forums such as WSB, we are monitoring that extremely closely.”\n\nIn GameStop, we think the game is certainly far from being over.","news_type":1,"symbols_score_info":{"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":601,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143908606,"gmtCreate":1625754261905,"gmtModify":1703747942565,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>reverse gear. BB2DMOON","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>reverse gear. BB2DMOON","text":"$BlackBerry(BB)$reverse gear. BB2DMOON","images":[{"img":"https://static.tigerbbs.com/e0a97d9a0a81840840e7dfce9c760700","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/143908606","isVote":1,"tweetType":1,"viewCount":1003,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":116443496,"gmtCreate":1622816867715,"gmtModify":1704191826331,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/VOO\">$Vanguard S&P 500 ETF(VOO)$</a>Green Tea Frap x)","listText":"<a href=\"https://laohu8.com/S/VOO\">$Vanguard S&P 500 ETF(VOO)$</a>Green Tea Frap x)","text":"$Vanguard S&P 500 ETF(VOO)$Green Tea Frap x)","images":[{"img":"https://static.tigerbbs.com/e778f7ee341383ddc105cc95b3200821","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/116443496","isVote":1,"tweetType":1,"viewCount":1094,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":178396433,"gmtCreate":1626787486422,"gmtModify":1703765152265,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"2dmoon BB","listText":"2dmoon BB","text":"2dmoon BB","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/178396433","repostId":"1105124055","repostType":4,"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157811156,"gmtCreate":1625577460475,"gmtModify":1703744128934,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Huat ah! Bb 2d moon leh 40 n up","listText":"Huat ah! Bb 2d moon leh 40 n up","text":"Huat ah! Bb 2d moon leh 40 n up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/157811156","repostId":"2149368902","repostType":4,"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116098528,"gmtCreate":1622764823864,"gmtModify":1704190627930,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>money for Kopi","listText":"<a href=\"https://laohu8.com/S/TIGR\">$Tiger Brokers(TIGR)$</a>money for Kopi","text":"$Tiger Brokers(TIGR)$money for Kopi","images":[{"img":"https://static.tigerbbs.com/a55fbf70d511b72cfb84fdc6c4c5da29","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/116098528","isVote":1,"tweetType":1,"viewCount":396,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9001560098,"gmtCreate":1641275409758,"gmtModify":1676533592261,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001560098","repostId":"1179133564","repostType":4,"repost":{"id":"1179133564","kind":"news","pubTimestamp":1641266758,"share":"https://ttm.financial/m/news/1179133564?lang=en_US&edition=fundamental","pubTime":"2022-01-04 11:25","market":"us","language":"en","title":"Is Apple Stock Likely To Reach $200 In 2022?","url":"https://stock-news.laohu8.com/highlight/detail?id=1179133564","media":"Seeking Alpha","summary":"SummaryApple stock received a lot of interest recently as it surged in early December and has mainta","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Apple stock received a lot of interest recently as it surged in early December and has maintained its market outperformance.</li><li>We discuss the critical drivers for investors to watch moving into 2022.</li><li>We also discuss whether Apple stock is likely to reach $200 moving forward.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e9d29c6db997dd98e087415e7e2acfe\" tg-width=\"1536\" tg-height=\"1036\" referrerpolicy=\"no-referrer\"/><span>Justin Sullivan/Getty Images News</span></p><p><b>Investment Thesis</b></p><p>Apple Inc. (AAPL) has recently drawn significant interest among investors as the stock has continued to outperform the market since early December. It's notable since AAPL stock has lagged the market for almost the whole year. However, investors' interests spiked following the series of successful new product launches, including its pivotal iPhone 13.</p><p>Supply chain checks from numerous sell-side analysts have also demonstrated that the delays over its iPhones have improved markedly. In addition, Goldman Sachs also highlighted that lead times were down significantly in mid-December as Apple continues to leverage strong iPhone demand in its most crucial calendar quarter.</p><p>AAPL stock continues to hold its price steadily, briefly topped a $3T market cap milestone. However, there shouldn't be any doubt that AAPL stock has had an unmistakable long-term uptrend over the years. Moreover, given that the company has multiple long-term secular drivers driving its business model, we are confident that the stock can reach $200 in 2022.</p><p>We discuss these critical drivers for AAPL stock as we head into 2022 with the $3T market cap looking over the horizon.</p><p><b>Services Revenue Growth Could Have Been Significantly Understated</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0a837d0ef4f22be5610e00a0a6c3b6a5\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Apple revenue and adjusted EBITDA mean consensus estimates. Data source: S&P Capital IQ</span></p><p>Apple bears have often pointed out the deceleration in the company's topline growth as proof of a stock that is massively overvalued. It's easy to understand what they mean. Readers can refer to the chart above, where Apple's revenue growth is estimated to decelerate over the next three years. Consensus estimates point to a revenue CAGR of just 4.6% through FY24. Moreover, its adjusted EBITDA margins are likely to remain consistent. But, AAPL is not projected to gain leverage towards its profitability. Hence, bearish investors claim they don't understand how the Cupertino company can continue to justify its current valuation.</p><p>But, we think investors need to step back and consider the critical growth drivers for AAPL moving forward. So let us present our analysis.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3850a7b0d906064e94b474a4f50c3fd4\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Apple iPhone and services revenue estimates. Data source: Trefis, author</span></p><p>Readers can refer to the above model, where iPhone's revenue is estimated to increase at a CAGR of just 2.2% over the next five years. However, Apple's services segment (including App Store's revenue) is projected to increase its revenue at a CAGR of 11% through FY26, reaching $115B. We think these estimates are relatively conservative. Based on these estimates, a SOTP implied fair value of $159 was reached for AAPL stock. It also includes other segments but was mainly driven by the two critical segments above. iPhone and services accounted for 43% and 25% of its SOTP valuation.</p><p>But, we believe that these estimates may not have captured the multiple growth drivers underpinning the App Store. Why?</p><p>Based on recent estimates by Sensor Tower, App Store's revenue is estimated to increase at a CAGR of 20.7% through CY25, reaching $185B. Notably, it's way ahead of the estimate of $115B that we discussed earlier for the entire services segment. Importantly, we have not even included revenue from the other services other than App Store's contribution. Therefore, we think that readers need to consider that the Street consensus may have significantly underestimated the prowess of Apple's highly profitable (estimated operating margin > 70%) App Store.</p><p>We are not saying that Sensor Tower's estimate is the source of truth. But, we wanted to highlight that investors should pay more attention to Apple's key services segment. Sensor Tower presented a region by region breakdown, which we thought seemed credible, and we encourage investors to monitor closely.</p><p><b>Don't Ignore Apple's Metaverse Ambitions</b></p><p>Renowned TF International Securities analyst Ming-Chi Kuo estimated that Apple's AR/VR device would be released sometime in Q4'22. We believe this is significant as it augurs well for Apple's ambitions into the metaverse. There's little doubt that Meta Platforms (FB) and Microsoft(MSFT) are strengthening their lead in the consumer and commercial AR/VR space.According to TrendForce, global AR/VR device shipment is estimated to reach 12.02M units, up 26.4% YoY in 2022. Moreover, the market is estimated to grow rapidly through 2025, reaching 25.76M units at a CAGR of 38.8%. Notably, it expects Meta's Oculus devices to maintain a 66% consumer market share. But, TrendForce also noted that (edited):</p><blockquote>AR/VR device suppliers may look to expand their user base and increase their market penetration via low-priced yet high-spec devices,<i>while compensating for their reduced hardware profitability through software sales</i>. (TrendForce)</blockquote><p>Software sales indeed. Apple runs the largest mobile ecosystem globally, which dwarfs Google Play's (GOOG) (GOOGL) revenue. Therefore, we believe the entry of Apple into the metaverse game could significantly raise the company's monetization opportunities. Theories that Meta Platform has ambitions to displace Apple as the next-gen computing platform abound. However, we have also discussed thatMeta Platforms' eventual metaverse will unlikely be the only virtual world we will ever experience. Instead, the metaverse will likely be a series of interconnected virtual worlds that will be interoperable. So, Apple could still be the critical ecosystem owner as creators build their virtual worlds to be monetized through the App Store, reaching out to Apple's more than 1B (and growing) installed base.</p><p>TrendForce also added that global VR content revenue is estimated to grow at a rapid 40% CAGR through 2025, reaching $8.3B. The content will be varied but primarily consisting of "gaming/entertainment, videos, and social interactions." Therefore, Apple can continue to leverage such opportunities through its massive ecosystem. We think these opportunities are so novel that it hasn't even been written into Apple's consensus estimates just yet. But, once Apple's AR/VR devices are launched, we believe that the revenue runway could become even more apparent. However, we must still caution that we are still very early into Apple's metaverse ambitions. But, we believe that Apple will be a critical player in defining the metaverse through its ecosystem. It won't be very smart to consider that Apple doesn't have a clearly-defined metaverse strategy.</p><p><b>So, is AAPL Stock a Buy Now?</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6087fafa5c6ee0f2958f8d29919c3eb5\" tg-width=\"640\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/><span>AAPL stock EV/NTM EBIT, and Normalized P/E (NTM) 3Y mean.</span></p><p>If you consider AAPL stock's relative valuation against its 3Y mean, there's little doubt that AAPL stock seems expensive. It's trading at an EV/NTM EBIT of 26x, way above its 3Y mean of 19.3x. In addition, its normalized P/E (NTM) also read 31.2x, significantly ahead of its 3Y mean of 23.9x. Therefore, we wouldn't blame bearish investors who think that AAPL stock seems well overvalued now.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2c889e6a8aa5fe9751c5d695481f9d3b\" tg-width=\"640\" tg-height=\"396\" referrerpolicy=\"no-referrer\"/><span>Apple unlevered FCF estimates. Data source: S&P Capital IQ, author</span></p><p>However, we also estimated that AAPL stock would continue to generate robust FCF growth over time. Moreover, our model is even more conservative than the consensus estimates. In addition, we have also not considered Sensor Tower's estimates or Apple's metaverse opportunities that we discussed earlier. Nevertheless, it led us towards a DCF implied fair value estimate of $153, which we highlighted in our previous article. It's also quite close to our SOTP implied fair value of $159 that we showed earlier. Therefore, it's clear that these estimates have not factored for the robust services growth and the potential metaverse opportunities that could accrue to Apple over the next five to ten years.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/de1380b774a68d31c93eaf939fb99e27\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"/><span>AAPL stock price action.</span></p><p>Nevertheless, we think that AAPL stock looks extended, as seen above. But, as mentioned, it wouldn't be very smart for investors to bet against CEO Tim Cook & Co. The stock's long-term uptrend is clear for all to observe.</p><p>So, we are clear that the stock would likely break the $200 level in 2022 as the excitement surrounding its AR/VR launch gets closers, coupled with its services segment revenue growth in its earnings releases. As a result, we believe that AAPL's stock price could be re-rated to reflect its potential over the next year.</p><p>Nevertheless, due to its over-extended price action, we encourage some patience with AAPL stock. But, if you have no AAPL stock, we think you can consider adding at this price if you are a long-term investor. We don't believe it's significantly overvalued, as discussed earlier. But, if you already have considerable exposure relative to your portfolio, we think you can wait for a potentially better entry point with some patience.</p><p>Therefore, we reiterate our Neutral rating on AAPL stock for now.</p><p>This article was written by JR Research.</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>Is Apple Stock Likely To Reach $200 In 2022?</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\">\nIs Apple Stock Likely To Reach $200 In 2022?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-04 11:25 GMT+8 <a href=https://seekingalpha.com/article/4477741-apple-stock-reach-200-in-2022><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryApple stock received a lot of interest recently as it surged in early December and has maintained its market outperformance.We discuss the critical drivers for investors to watch moving into ...</p>\n\n<a href=\"https://seekingalpha.com/article/4477741-apple-stock-reach-200-in-2022\">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/4477741-apple-stock-reach-200-in-2022","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179133564","content_text":"SummaryApple stock received a lot of interest recently as it surged in early December and has maintained its market outperformance.We discuss the critical drivers for investors to watch moving into 2022.We also discuss whether Apple stock is likely to reach $200 moving forward.Justin Sullivan/Getty Images NewsInvestment ThesisApple Inc. (AAPL) has recently drawn significant interest among investors as the stock has continued to outperform the market since early December. It's notable since AAPL stock has lagged the market for almost the whole year. However, investors' interests spiked following the series of successful new product launches, including its pivotal iPhone 13.Supply chain checks from numerous sell-side analysts have also demonstrated that the delays over its iPhones have improved markedly. In addition, Goldman Sachs also highlighted that lead times were down significantly in mid-December as Apple continues to leverage strong iPhone demand in its most crucial calendar quarter.AAPL stock continues to hold its price steadily, briefly topped a $3T market cap milestone. However, there shouldn't be any doubt that AAPL stock has had an unmistakable long-term uptrend over the years. Moreover, given that the company has multiple long-term secular drivers driving its business model, we are confident that the stock can reach $200 in 2022.We discuss these critical drivers for AAPL stock as we head into 2022 with the $3T market cap looking over the horizon.Services Revenue Growth Could Have Been Significantly UnderstatedApple revenue and adjusted EBITDA mean consensus estimates. Data source: S&P Capital IQApple bears have often pointed out the deceleration in the company's topline growth as proof of a stock that is massively overvalued. It's easy to understand what they mean. Readers can refer to the chart above, where Apple's revenue growth is estimated to decelerate over the next three years. Consensus estimates point to a revenue CAGR of just 4.6% through FY24. Moreover, its adjusted EBITDA margins are likely to remain consistent. But, AAPL is not projected to gain leverage towards its profitability. Hence, bearish investors claim they don't understand how the Cupertino company can continue to justify its current valuation.But, we think investors need to step back and consider the critical growth drivers for AAPL moving forward. So let us present our analysis.Apple iPhone and services revenue estimates. Data source: Trefis, authorReaders can refer to the above model, where iPhone's revenue is estimated to increase at a CAGR of just 2.2% over the next five years. However, Apple's services segment (including App Store's revenue) is projected to increase its revenue at a CAGR of 11% through FY26, reaching $115B. We think these estimates are relatively conservative. Based on these estimates, a SOTP implied fair value of $159 was reached for AAPL stock. It also includes other segments but was mainly driven by the two critical segments above. iPhone and services accounted for 43% and 25% of its SOTP valuation.But, we believe that these estimates may not have captured the multiple growth drivers underpinning the App Store. Why?Based on recent estimates by Sensor Tower, App Store's revenue is estimated to increase at a CAGR of 20.7% through CY25, reaching $185B. Notably, it's way ahead of the estimate of $115B that we discussed earlier for the entire services segment. Importantly, we have not even included revenue from the other services other than App Store's contribution. Therefore, we think that readers need to consider that the Street consensus may have significantly underestimated the prowess of Apple's highly profitable (estimated operating margin > 70%) App Store.We are not saying that Sensor Tower's estimate is the source of truth. But, we wanted to highlight that investors should pay more attention to Apple's key services segment. Sensor Tower presented a region by region breakdown, which we thought seemed credible, and we encourage investors to monitor closely.Don't Ignore Apple's Metaverse AmbitionsRenowned TF International Securities analyst Ming-Chi Kuo estimated that Apple's AR/VR device would be released sometime in Q4'22. We believe this is significant as it augurs well for Apple's ambitions into the metaverse. There's little doubt that Meta Platforms (FB) and Microsoft(MSFT) are strengthening their lead in the consumer and commercial AR/VR space.According to TrendForce, global AR/VR device shipment is estimated to reach 12.02M units, up 26.4% YoY in 2022. Moreover, the market is estimated to grow rapidly through 2025, reaching 25.76M units at a CAGR of 38.8%. Notably, it expects Meta's Oculus devices to maintain a 66% consumer market share. But, TrendForce also noted that (edited):AR/VR device suppliers may look to expand their user base and increase their market penetration via low-priced yet high-spec devices,while compensating for their reduced hardware profitability through software sales. (TrendForce)Software sales indeed. Apple runs the largest mobile ecosystem globally, which dwarfs Google Play's (GOOG) (GOOGL) revenue. Therefore, we believe the entry of Apple into the metaverse game could significantly raise the company's monetization opportunities. Theories that Meta Platform has ambitions to displace Apple as the next-gen computing platform abound. However, we have also discussed thatMeta Platforms' eventual metaverse will unlikely be the only virtual world we will ever experience. Instead, the metaverse will likely be a series of interconnected virtual worlds that will be interoperable. So, Apple could still be the critical ecosystem owner as creators build their virtual worlds to be monetized through the App Store, reaching out to Apple's more than 1B (and growing) installed base.TrendForce also added that global VR content revenue is estimated to grow at a rapid 40% CAGR through 2025, reaching $8.3B. The content will be varied but primarily consisting of \"gaming/entertainment, videos, and social interactions.\" Therefore, Apple can continue to leverage such opportunities through its massive ecosystem. We think these opportunities are so novel that it hasn't even been written into Apple's consensus estimates just yet. But, once Apple's AR/VR devices are launched, we believe that the revenue runway could become even more apparent. However, we must still caution that we are still very early into Apple's metaverse ambitions. But, we believe that Apple will be a critical player in defining the metaverse through its ecosystem. It won't be very smart to consider that Apple doesn't have a clearly-defined metaverse strategy.So, is AAPL Stock a Buy Now?AAPL stock EV/NTM EBIT, and Normalized P/E (NTM) 3Y mean.If you consider AAPL stock's relative valuation against its 3Y mean, there's little doubt that AAPL stock seems expensive. It's trading at an EV/NTM EBIT of 26x, way above its 3Y mean of 19.3x. In addition, its normalized P/E (NTM) also read 31.2x, significantly ahead of its 3Y mean of 23.9x. Therefore, we wouldn't blame bearish investors who think that AAPL stock seems well overvalued now.Apple unlevered FCF estimates. Data source: S&P Capital IQ, authorHowever, we also estimated that AAPL stock would continue to generate robust FCF growth over time. Moreover, our model is even more conservative than the consensus estimates. In addition, we have also not considered Sensor Tower's estimates or Apple's metaverse opportunities that we discussed earlier. Nevertheless, it led us towards a DCF implied fair value estimate of $153, which we highlighted in our previous article. It's also quite close to our SOTP implied fair value of $159 that we showed earlier. Therefore, it's clear that these estimates have not factored for the robust services growth and the potential metaverse opportunities that could accrue to Apple over the next five to ten years.AAPL stock price action.Nevertheless, we think that AAPL stock looks extended, as seen above. But, as mentioned, it wouldn't be very smart for investors to bet against CEO Tim Cook & Co. The stock's long-term uptrend is clear for all to observe.So, we are clear that the stock would likely break the $200 level in 2022 as the excitement surrounding its AR/VR launch gets closers, coupled with its services segment revenue growth in its earnings releases. As a result, we believe that AAPL's stock price could be re-rated to reflect its potential over the next year.Nevertheless, due to its over-extended price action, we encourage some patience with AAPL stock. But, if you have no AAPL stock, we think you can consider adding at this price if you are a long-term investor. We don't believe it's significantly overvalued, as discussed earlier. But, if you already have considerable exposure relative to your portfolio, we think you can wait for a potentially better entry point with some patience.Therefore, we reiterate our Neutral rating on AAPL stock for now.This article was written by JR Research.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":3275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808024362,"gmtCreate":1627546215256,"gmtModify":1703492065077,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>LLAILIAOOOOOO","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>LLAILIAOOOOOO","text":"$BlackBerry(BB)$LLAILIAOOOOOO","images":[{"img":"https://static.tigerbbs.com/b987fc0c6da3fc68671677174afb3edb","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/808024362","isVote":1,"tweetType":1,"viewCount":754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":803268079,"gmtCreate":1627442216791,"gmtModify":1703490051152,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803268079","repostId":"2154945252","repostType":4,"repost":{"id":"2154945252","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":1627440140,"share":"https://ttm.financial/m/news/2154945252?lang=en_US&edition=fundamental","pubTime":"2021-07-28 10:42","market":"hk","language":"en","title":"Asia shares sit at 2021 lows ahead of Fed verdict","url":"https://stock-news.laohu8.com/highlight/detail?id=2154945252","media":"Reuters","summary":"HONG KONG, July 28 (Reuters) - Asian shares stayed stuck at seven-month lows on Wednesday, as market","content":"<p>HONG KONG, July 28 (Reuters) - Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while the dollar rested with traders reluctant to place large bets ahead of the outcome of the Federal Reserve meeting.</p>\n<p>MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.35% in early trading, having fallen in each of the three previous sessions as regulatory crackdowns in China roiled stocks in the technology, property and education sectors, leaving international investors bruised.</p>\n<p>Japan's Nikkei slid 1.01%, Chinese bluechips dropped 1.51%, and Australian shares fell 0.43%. Hong Kong bucked the trend, rising 0.63%, after closing at its lowest level since November the day before.</p>\n<p>\"China and the Fed are the two key things for today,\" said Tai Hui, chief market strategist for Asia Pacific, at JPMorgan Asset Management.</p>\n<p>Major questions were whether markets would stabilise as they processed the news out of China and whether the spread of the Delta variant posed a risk to growth in the United States and Europe, he added.</p>\n<p>\"We are still trying to digest the news from China, what's going to be new is how the Fed view the latest round of (COVID-19) infections and whether they need to readjust their view,\" he said.</p>\n<p>The statement from the Fed policy meeting, and a press conference from chairman Jerome Powell are due at 2 p.m. EDT (1800 GMT).</p>\n<p>Markets will be watching closely for any hints in relation to inflation, economic growth, interest rates and when the Fed will likely start reducing its purchases of government bonds.</p>\n<p>The declines in Asian equities on Tuesday spread to other markets overnight, causing Wall Street to retreat a little from the record highs set earlier in the week.</p>\n<p>The Dow Jones Industrial Average ended Tuesday down 0.2%, the S&P 500 shed 0.5% and the Nasdaq Composite slid 1.2%. Earlier the pan-European STOXX 600 index finished 0.54% lower.</p>\n<p>After the U.S. close, Google parent Alphabet Inc , Microsoft , and Apple all reported record quarterly earnings, though the smartphone maker's shares slid in aftermarket trading on the back of a slower growth forecast.</p>\n<p>In currency markets, the U.S. dollar sat below recent highs after a month long rally, the safe-haven yen gained and the risk-sensitive Australian and New Zealand dollars dropped back.</p>\n<p>Analysts at CBA attributed the moves to falling risk sentiment on the back of the Chinese regulatory crackdown.</p>\n<p>Oil prices rose as industry data showed U.S. crude and product inventories fell more sharply than expected last week, outweighing worries about the consequences of surging COVID-19 cases.</p>\n<p>U.S. crude ticked up 0.47% to $72.01 a barrel and Brent crude rose 0.35% to $74.77 per barrel.</p>\n<p>Gold was slightly lower, with spot trading at $1,798.45 per ounce.</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>Asia shares sit at 2021 lows ahead of Fed verdict</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\">\nAsia shares sit at 2021 lows ahead of Fed verdict\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\">2021-07-28 10:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, July 28 (Reuters) - Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while the dollar rested with traders reluctant to place large bets ahead of the outcome of the Federal Reserve meeting.</p>\n<p>MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.35% in early trading, having fallen in each of the three previous sessions as regulatory crackdowns in China roiled stocks in the technology, property and education sectors, leaving international investors bruised.</p>\n<p>Japan's Nikkei slid 1.01%, Chinese bluechips dropped 1.51%, and Australian shares fell 0.43%. Hong Kong bucked the trend, rising 0.63%, after closing at its lowest level since November the day before.</p>\n<p>\"China and the Fed are the two key things for today,\" said Tai Hui, chief market strategist for Asia Pacific, at JPMorgan Asset Management.</p>\n<p>Major questions were whether markets would stabilise as they processed the news out of China and whether the spread of the Delta variant posed a risk to growth in the United States and Europe, he added.</p>\n<p>\"We are still trying to digest the news from China, what's going to be new is how the Fed view the latest round of (COVID-19) infections and whether they need to readjust their view,\" he said.</p>\n<p>The statement from the Fed policy meeting, and a press conference from chairman Jerome Powell are due at 2 p.m. EDT (1800 GMT).</p>\n<p>Markets will be watching closely for any hints in relation to inflation, economic growth, interest rates and when the Fed will likely start reducing its purchases of government bonds.</p>\n<p>The declines in Asian equities on Tuesday spread to other markets overnight, causing Wall Street to retreat a little from the record highs set earlier in the week.</p>\n<p>The Dow Jones Industrial Average ended Tuesday down 0.2%, the S&P 500 shed 0.5% and the Nasdaq Composite slid 1.2%. Earlier the pan-European STOXX 600 index finished 0.54% lower.</p>\n<p>After the U.S. close, Google parent Alphabet Inc , Microsoft , and Apple all reported record quarterly earnings, though the smartphone maker's shares slid in aftermarket trading on the back of a slower growth forecast.</p>\n<p>In currency markets, the U.S. dollar sat below recent highs after a month long rally, the safe-haven yen gained and the risk-sensitive Australian and New Zealand dollars dropped back.</p>\n<p>Analysts at CBA attributed the moves to falling risk sentiment on the back of the Chinese regulatory crackdown.</p>\n<p>Oil prices rose as industry data showed U.S. crude and product inventories fell more sharply than expected last week, outweighing worries about the consequences of surging COVID-19 cases.</p>\n<p>U.S. crude ticked up 0.47% to $72.01 a barrel and Brent crude rose 0.35% to $74.77 per barrel.</p>\n<p>Gold was slightly lower, with spot trading at $1,798.45 per ounce.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF","EUO":"欧元ETF-ProShares两倍做空","YCS":"日元ETF-ProShares两倍做空","FXE":"欧元做多ETF-CurrencyShares","GLD":"黄金ETF-SPDR","DUG":"二倍做空石油与天然气ETF(ProShares)","FXY":"日元ETF-CurrencyShares","USO":"美国原油ETF","DWT":"三倍做空原油ETN","SCO":"二倍做空彭博原油指数ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","UCO":"二倍做多彭博原油ETF","DDG":"ProShares做空石油与天然气ETF","GDX":"黄金矿业ETF-VanEck","NUGT":"二倍做多黄金矿业指数ETF-Direxion","IAU":"黄金信托ETF-iShares"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154945252","content_text":"HONG KONG, July 28 (Reuters) - Asian shares stayed stuck at seven-month lows on Wednesday, as markets continued to digest a storm in Chinese equity markets, while the dollar rested with traders reluctant to place large bets ahead of the outcome of the Federal Reserve meeting.\nMSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.35% in early trading, having fallen in each of the three previous sessions as regulatory crackdowns in China roiled stocks in the technology, property and education sectors, leaving international investors bruised.\nJapan's Nikkei slid 1.01%, Chinese bluechips dropped 1.51%, and Australian shares fell 0.43%. Hong Kong bucked the trend, rising 0.63%, after closing at its lowest level since November the day before.\n\"China and the Fed are the two key things for today,\" said Tai Hui, chief market strategist for Asia Pacific, at JPMorgan Asset Management.\nMajor questions were whether markets would stabilise as they processed the news out of China and whether the spread of the Delta variant posed a risk to growth in the United States and Europe, he added.\n\"We are still trying to digest the news from China, what's going to be new is how the Fed view the latest round of (COVID-19) infections and whether they need to readjust their view,\" he said.\nThe statement from the Fed policy meeting, and a press conference from chairman Jerome Powell are due at 2 p.m. EDT (1800 GMT).\nMarkets will be watching closely for any hints in relation to inflation, economic growth, interest rates and when the Fed will likely start reducing its purchases of government bonds.\nThe declines in Asian equities on Tuesday spread to other markets overnight, causing Wall Street to retreat a little from the record highs set earlier in the week.\nThe Dow Jones Industrial Average ended Tuesday down 0.2%, the S&P 500 shed 0.5% and the Nasdaq Composite slid 1.2%. Earlier the pan-European STOXX 600 index finished 0.54% lower.\nAfter the U.S. close, Google parent Alphabet Inc , Microsoft , and Apple all reported record quarterly earnings, though the smartphone maker's shares slid in aftermarket trading on the back of a slower growth forecast.\nIn currency markets, the U.S. dollar sat below recent highs after a month long rally, the safe-haven yen gained and the risk-sensitive Australian and New Zealand dollars dropped back.\nAnalysts at CBA attributed the moves to falling risk sentiment on the back of the Chinese regulatory crackdown.\nOil prices rose as industry data showed U.S. crude and product inventories fell more sharply than expected last week, outweighing worries about the consequences of surging COVID-19 cases.\nU.S. crude ticked up 0.47% to $72.01 a barrel and Brent crude rose 0.35% to $74.77 per barrel.\nGold was slightly lower, with spot trading at $1,798.45 per ounce.","news_type":1,"symbols_score_info":{"159934":0.9,"518880":0.9,"GDX":0.9,"IAU":0.9,"GLD":0.9,"DDG":0.9,"CLmain":0.9,"DUST":0.9,"DUG":0.9,"USO":0.9,"QMmain":0.9,"EUO":0.9,"NUGT":0.9,"UCO":0.9,"SGCmain":0.9,"SCO":0.9,"GCmain":0.9,"FXY":0.9,"SGUmain":0.9,"EURmain":0.9,"YCS":0.9,"DWT":0.9,"JPYmain":0.9,"FXE":0.9,"MGCmain":0.9,"MEURmain":0.9,"BZmain":0.9}},"isVote":1,"tweetType":1,"viewCount":733,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803261594,"gmtCreate":1627442189418,"gmtModify":1703490050988,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"GE2DMOON ? ?","listText":"GE2DMOON ? ?","text":"GE2DMOON ? ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803261594","repostId":"1196686259","repostType":4,"repost":{"id":"1196686259","kind":"news","pubTimestamp":1627442048,"share":"https://ttm.financial/m/news/1196686259?lang=en_US&edition=fundamental","pubTime":"2021-07-28 11:14","market":"us","language":"en","title":"General Electric's Revival Hangs on Nascent, But Tricky, Aerospace Business","url":"https://stock-news.laohu8.com/highlight/detail?id=1196686259","media":"Motley Fool","summary":"Jet engines are making a comeback, and just in time to propel General Electric out of the funk it's ","content":"<p>Jet engines are making a comeback, and just in time to propel General Electric out of the funk it's been stuck in since before the pandemic.</p>\n<p>The multinational giant, beleaguered for years by corporate missteps and now enduring a turnaround effort led by CEO Larry Culp, reported a rebound in its flagship aviation business Tuesday, with sales climbing 10% to $4.8 billion in the second quarter and orders climbing 47%. But there's also a curious catch: the aviation rebound could actually<i>hurt</i>areas of GE's business in the long run.</p>\n<p>Fairy Tale to Horror Story and Back</p>\n<p>To open the 21st century, General Electric was a vaunted icon of American ingenuity. Co-founded by Thomas Edison and J.P. Morgan (the man, not the bank), GE started the millennium with a market cap of $600 billion. Then came the 2008 financial crisis, a slew of poor acquisitions, and years of corporate turmoil. Now GE's market cap sits at $114 billion.</p>\n<p>Just before the pandemic, the company finally started to regain some footing: it cut debt, sold assets, and revamped operations, nurturing aviation as its bread-and-butter business. That strategy soured a bit when the pandemic put airlines into no-fly mode, but even the revival of air travel presents downsides for GE:</p>\n<ul>\n <li>Surging sales of new aircraft come at the expense of money GE rakes in maintaining older jets. A quarter of the world's 22,200 commercial planes remain out of use, according to Jefferies analysts, and 20% of those are out-of-production models that might never see the skies again.</li>\n <li>Jefferies analysts forecast that airlines will hang on to jets under 26 years old, which would lead to a 2023 global fleet that's 4% bigger than it was in 2019, accompanied by an 11% increase in income for servicing planes. But a scenario where airlines retire planes at a younger age could have severe negative implications for revenues in the aerospace aftermarket industry.</li>\n</ul>\n<p><b>Sky-High Hopes, For Now:</b>Things are looking up for GE in the near term. On Tuesday, the company announced $18.3 billion in second-quarter revenue, surpassing analysts' expectations.</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>General Electric's Revival Hangs on Nascent, But Tricky, Aerospace 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\">\nGeneral Electric's Revival Hangs on Nascent, But Tricky, Aerospace Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 11:14 GMT+8 <a href=https://www.fool.com/investing/2021/07/27/general-electrics-revival-hangs-on-nascent-but-tri/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Jet engines are making a comeback, and just in time to propel General Electric out of the funk it's been stuck in since before the pandemic.\nThe multinational giant, beleaguered for years by corporate...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/27/general-electrics-revival-hangs-on-nascent-but-tri/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GE":"GE航空航天"},"source_url":"https://www.fool.com/investing/2021/07/27/general-electrics-revival-hangs-on-nascent-but-tri/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1196686259","content_text":"Jet engines are making a comeback, and just in time to propel General Electric out of the funk it's been stuck in since before the pandemic.\nThe multinational giant, beleaguered for years by corporate missteps and now enduring a turnaround effort led by CEO Larry Culp, reported a rebound in its flagship aviation business Tuesday, with sales climbing 10% to $4.8 billion in the second quarter and orders climbing 47%. But there's also a curious catch: the aviation rebound could actuallyhurtareas of GE's business in the long run.\nFairy Tale to Horror Story and Back\nTo open the 21st century, General Electric was a vaunted icon of American ingenuity. Co-founded by Thomas Edison and J.P. Morgan (the man, not the bank), GE started the millennium with a market cap of $600 billion. Then came the 2008 financial crisis, a slew of poor acquisitions, and years of corporate turmoil. Now GE's market cap sits at $114 billion.\nJust before the pandemic, the company finally started to regain some footing: it cut debt, sold assets, and revamped operations, nurturing aviation as its bread-and-butter business. That strategy soured a bit when the pandemic put airlines into no-fly mode, but even the revival of air travel presents downsides for GE:\n\nSurging sales of new aircraft come at the expense of money GE rakes in maintaining older jets. A quarter of the world's 22,200 commercial planes remain out of use, according to Jefferies analysts, and 20% of those are out-of-production models that might never see the skies again.\nJefferies analysts forecast that airlines will hang on to jets under 26 years old, which would lead to a 2023 global fleet that's 4% bigger than it was in 2019, accompanied by an 11% increase in income for servicing planes. But a scenario where airlines retire planes at a younger age could have severe negative implications for revenues in the aerospace aftermarket industry.\n\nSky-High Hopes, For Now:Things are looking up for GE in the near term. On Tuesday, the company announced $18.3 billion in second-quarter revenue, surpassing analysts' expectations.","news_type":1,"symbols_score_info":{"GE":0.9}},"isVote":1,"tweetType":1,"viewCount":928,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":177232410,"gmtCreate":1627221416830,"gmtModify":1703485708484,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/177232410","repostId":"1115106146","repostType":4,"isVote":1,"tweetType":1,"viewCount":618,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174477213,"gmtCreate":1627134377832,"gmtModify":1703484671536,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"Like leh...waliew Holland la","listText":"Like leh...waliew Holland la","text":"Like leh...waliew Holland la","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174477213","repostId":"2153981075","repostType":4,"isVote":1,"tweetType":1,"viewCount":676,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148749117,"gmtCreate":1626024697639,"gmtModify":1703752032873,"author":{"id":"3580359170890697","authorId":"3580359170890697","name":"ahong2706","avatar":"https://static.tigerbbs.com/0016ddf5c57401a3852f07709daabd2a","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3580359170890697","idStr":"3580359170890697"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>2dmoon","listText":"<a href=\"https://laohu8.com/S/BB\">$BlackBerry(BB)$</a>2dmoon","text":"$BlackBerry(BB)$2dmoon","images":[{"img":"https://static.tigerbbs.com/4b95fb13649aa5225e5206b495cb23fd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/148749117","isVote":1,"tweetType":1,"viewCount":472,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}